%PDF-1.5 1 0 obj <> endobj 3 0 obj <>] /Rotate 0 /Contents 4 0 R>> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 14.00 Tf ET q 0 0 0 rg BT 251.20 751.05 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 325.24 751.05 Td (A) Tj ET Q q 0 0 0 rg BT 334.31 751.05 Td (TES) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 155.65 734.25 Td (SECURITIES ) Tj ET Q q 0 0 0 rg BT 243.19 734.25 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.75 724.65 Td (W) Tj ET Q q 0 0 0 rg BT 272.31 724.65 Td (ashington, D.C. 20549) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 709.15 m 408.5 709.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 707.15 m 408.5 707.15 l s BT /F1 10.00 Tf ET BT /F2 16.00 Tf ET q 0 0 0 rg BT 262.65 687.45 Td (FORM 10-K) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 673.95 m 408.5 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 671.95 m 408.5 671.95 l s BT /F1 10.00 Tf ET /GS0 gs q 10.60 0 0 9.76 21.00 648.69 cm /I1 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.00 651.68 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 93.23 651.68 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 130.38 651.68 Td (T) Tj ET Q q 0 0 0 rg BT 136.86 651.68 Td ( PURSUANT) Tj ET Q q 0 0 0 rg BT 193.63 651.68 Td ( ) Tj ET Q q 0 0 0 rg BT 195.95 651.68 Td (T) Tj ET Q q 0 0 0 rg BT 202.44 651.68 Td (O SECTION 13 OR 15\(d\) OF) Tj ET Q q 0 0 0 rg BT 328.47 651.68 Td ( ) Tj ET Q q 0 0 0 rg BT 330.79 651.68 Td (THE SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 477.22 651.68 Td (ACT) Tj ET Q q 0 0 0 rg BT 498.15 651.68 Td (OF) Tj ET Q q 0 0 0 rg BT 514.17 651.68 Td (1934) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.65 636.85 Td (For) Tj ET Q q 0 0 0 rg BT 242.94 636.85 Td ( the fiscal year) Tj ET Q q 0 0 0 rg BT 292.34 636.85 Td ( ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.79 636.85 Td (December) Tj ET Q q 0 0 0 rg BT 351.29 636.85 Td (31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.29 636.85 Td ( ) Tj ET Q /GS0 gs q 8.91 0 0 9.76 21.00 614.09 cm /I2 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.00 617.08 Td (TRANSITION REPOR) Tj ET Q q 0 0 0 rg BT 151.50 617.08 Td (T) Tj ET Q q 0 0 0 rg BT 157.99 617.08 Td ( PURSUANT) Tj ET Q q 0 0 0 rg BT 214.75 617.08 Td ( ) Tj ET Q q 0 0 0 rg BT 217.07 617.08 Td (T) Tj ET Q q 0 0 0 rg BT 223.56 617.08 Td (O SECTION 13 OR 15\(d\) OF) Tj ET Q q 0 0 0 rg BT 349.59 617.08 Td ( ) Tj ET Q q 0 0 0 rg BT 351.91 617.08 Td (THE SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 498.34 617.08 Td (ACT) Tj ET Q q 0 0 0 rg BT 519.28 617.08 Td (OF) Tj ET Q q 0 0 0 rg BT 535.29 617.08 Td (1934) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.55 602.25 Td (Commission File Number: 001-36449) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 588.75 m 408.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 586.75 m 408.5 586.75 l s BT /F1 10.00 Tf ET BT /F2 16.00 Tf ET q 0 0 0 rg BT 245.75 567.05 Td (TRUECAR,INC.) 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Tj ET Q q 0 0 0 rg BT 440.04 326.45 Td (Y) Tj ET Q q 0 0 0 rg BT 445.02 326.45 Td (es) Tj ET Q /GS0 gs q 6.22 0 0 8.27 453.68 324.72 cm /I7 Do Q q 0 0 0 rg BT 459.90 326.45 Td (No) Tj ET Q /GS0 gs q 8.48 0 0 8.27 475.68 324.72 cm /I8 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 313.85 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 313.85 Td (Indicate by check mark whether the registrant \(1\) has filed all reports required to be filed by Section 13 or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 501.62 313.85 Td (Act of 1934 \(Exchange ) Tj ET Q q 0 0 0 rg BT 577.60 313.85 Td (Act\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 304.25 Td (during the preceding 12 months \(or for such shorter period that the registrant was required to file such reports\), and \(2\) has been subject to such filing requirements for the past 90 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 294.65 Td (days. ) Tj ET Q q 0 0 0 rg BT 40.37 294.65 Td (Y) Tj ET Q q 0 0 0 rg BT 45.34 294.65 Td (es) Tj ET Q /GS0 gs q 8.48 0 0 8.27 54.01 292.92 cm /I9 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.49 294.65 Td (No) Tj ET Q /GS0 gs q 6.22 0 0 8.27 76.27 292.92 cm /I10 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 282.05 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 282.05 Td (Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ) Tj ET Q q 0 0 0 rg BT 382.41 282.05 Td (W) Tj ET Q q 0 0 0 rg BT 389.32 282.05 Td (ebsite, if any) Tj ET Q q 0 0 0 rg BT 429.89 282.05 Td (, every Interactive Data File required to be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 272.45 Td (submitted and posted pursuant to Rule 405 of Regulation S-T) Tj ET Q q 0 0 0 rg BT 214.50 272.45 Td ( \( 232.405 of this chapter\) during the preceding 12 months \(or for such shorter period that the registrant was required ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 262.85 Td (to submit and post such files\). ) Tj ET Q q 0 0 0 rg BT 119.70 262.85 Td (Y) Tj ET Q q 0 0 0 rg BT 124.67 262.85 Td (es) Tj ET Q /GS0 gs q 8.48 0 0 8.27 133.34 261.12 cm /I11 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.82 262.85 Td (No) Tj ET Q /GS0 gs q 6.22 0 0 8.27 157.59 261.12 cm /I12 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 250.25 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K \( 229.405 of this chapter\) is not contained herein, and will not be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 240.65 Td (contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 129.08 240.65 Td (s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 231.05 Td (Form 10-K. ) Tj ET Q /GS0 gs q 8.48 0 0 8.27 61.78 229.32 cm /I13 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 218.45 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 218.45 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 223.78 218.45 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 284.30 218.45 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 348.82 218.45 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 424.00 218.45 Td (, or a smaller reporting company) Tj ET Q q 0 0 0 rg BT 527.89 218.45 Td (. See the definitions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 208.85 Td (of lar) Tj ET Q q 0 0 0 rg BT 38.51 208.85 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 99.03 208.85 Td (, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 375.35 208.85 Td (Act: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 187.30 Td (Lar) Tj ET Q q 0 0 0 rg BT 67.96 187.30 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 8.48 0 0 8.27 130.80 185.58 cm /I14 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.15 187.30 Td (Accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 280.67 185.58 cm /I15 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.90 187.30 Td (Non) Tj ET Q /GS0 gs q 3.00 0 0 8.27 366.68 185.58 cm /I16 Do Q q 0 0 0 rg BT 369.68 187.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 407.64 187.30 Td (filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 422.97 185.58 cm /I17 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.50 179.30 Td (\(do not check if a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.05 171.30 Td (smaller reporting company\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.30 187.30 Td (Smaller reporting company ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 583.83 185.58 cm /I18 Do Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 154.25 Td (If an emer) Tj ET Q q 0 0 0 rg BT 86.72 154.25 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 156.41 154.25 Td (, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 144.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 47.98 144.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 85.08 144.65 Td (standards ) Tj ET Q q 0 0 0 rg BT 117.30 144.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 147.73 144.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 177.29 144.65 Td (to ) Tj ET Q q 0 0 0 rg BT 185.51 144.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 211.50 144.65 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 230.38 144.65 Td (of ) Tj ET Q q 0 0 0 rg BT 239.05 144.65 Td (the ) Tj ET Q q 0 0 0 rg BT 250.82 144.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 283.92 144.65 Td (Act. ) Tj ET Q /GS0 gs q 6.22 0 0 8.27 299.47 142.92 cm /I19 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 132.05 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 132.05 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.76 132.05 Td (by ) Tj ET Q q 0 0 0 rg BT 91.76 132.05 Td (check ) Tj ET Q q 0 0 0 rg BT 112.41 132.05 Td (mark ) Tj ET Q q 0 0 0 rg BT 130.85 132.05 Td (whether ) Tj ET Q q 0 0 0 rg BT 158.62 132.05 Td (the ) Tj ET Q q 0 0 0 rg BT 170.39 132.05 Td (registrant ) Tj ET Q q 0 0 0 rg BT 202.60 132.05 Td (is ) Tj ET Q q 0 0 0 rg BT 209.94 132.05 Td (a ) Tj ET Q q 0 0 0 rg BT 215.49 132.05 Td (shell ) Tj ET Q q 0 0 0 rg BT 232.60 132.05 Td (company ) Tj ET Q q 0 0 0 rg BT 263.92 132.05 Td (\(as ) Tj ET Q q 0 0 0 rg BT 275.25 132.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 301.24 132.05 Td (in ) Tj ET Q q 0 0 0 rg BT 309.46 132.05 Td (Rule ) Tj ET Q q 0 0 0 rg BT 326.57 132.05 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 347.23 132.05 Td (of ) Tj ET Q q 0 0 0 rg BT 355.90 132.05 Td (the ) Tj ET Q q 0 0 0 rg BT 367.67 132.05 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 400.77 132.05 Td (Act\).) Tj ET Q q 0 0 0 rg BT 420.69 132.05 Td (Y) Tj ET Q q 0 0 0 rg BT 425.66 132.05 Td (es) Tj ET Q /GS0 gs q 6.22 0 0 8.27 434.33 130.32 cm /I20 Do Q q 0 0 0 rg BT 440.55 132.05 Td (No) Tj ET Q /GS0 gs q 8.48 0 0 8.27 456.33 130.32 cm /I21 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 119.45 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 119.45 Td (The aggregate market value of the voting and non-voting stock held by non-af) Tj ET Q q 0 0 0 rg BT 304.00 119.45 Td (filiates of the registrant as of June 30, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.41 119.45 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.41 119.45 Td (, the last business day of the registrant) Tj ET Q q 0 0 0 rg BT 566.83 119.45 Td (s most ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 109.85 Td (recently completed second fiscal quarter) Tj ET Q q 0 0 0 rg BT 146.95 109.85 Td (, was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.39 109.85 Td ($1,438,690,916) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.39 109.85 Td ( based upon the closing price reported for such date on the NASDAQ Global Select Market.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 97.25 Td (As of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 73.55 97.25 Td (February22, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.43 97.25 Td (, the registrant had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.97 97.25 Td (100,558,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.97 97.25 Td ( shares of common stock outstanding. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 83.75 m 408.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 81.75 m 408.5 81.75 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.95 71.65 Td (Documents Incorporated by Refer) Tj ET Q q 0 0 0 rg BT 356.90 71.65 Td (ence) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 56.05 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 56.05 Td (Portions of the registrant) Tj ET Q q 0 0 0 rg BT 135.54 56.05 Td (s definitive Proxy Statement for the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.52 56.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.52 56.05 Td ( ) Tj ET Q q 0 0 0 rg BT 269.08 56.05 Td (Annual Meeting of Stockholders are incorporated herein by reference in Part III of this ) Tj ET Q q 0 0 0 rg BT 548.54 56.05 Td (Annual ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 46.45 Td (Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of the registrant) Tj ET Q q 0 0 0 rg BT 544.79 46.45 Td (s fiscal year ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 36.85 Td (ended December 31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.97 36.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.97 36.85 Td (. Except with respect to information specifically incorporated by reference in this Form 10-K, the Definitive Proxy Statement is not deemed to be filed as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 18.00 27.25 Td (part of this Form 10-K.) Tj ET Q endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.15 749.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.47 749.25 Td (TRUECAR, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.90 737.25 Td (FORM 10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.50 725.25 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 39.00 702.51 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.00 703.93 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 125.00 703.93 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 504.00 703.93 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 688.86259765625 m 71.3388671875 688.86259765625 l s q 0 0 1 rg BT 39.00 690.43 Td (P) Tj ET Q q 0 0 1 rg BT 44.37 690.43 Td (AR) Tj ET Q q 0 0 1 rg BT 58.46 690.43 Td (T) Tj ET Q q 0 0 1 rg BT 64.95 690.43 Td ( I) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 71.34 690.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 690.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 690.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 674.86259765625 m 68.990234375 674.86259765625 l s q 0 0 1 rg BT 39.00 676.43 Td (Item 1.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 676.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 676.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 674.91259765625 m 161.6845703125 674.91259765625 l s q 0 0 1 rg BT 125.00 676.48 Td (Business) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 660.86259765625 m 76.2119140625 660.86259765625 l s q 0 0 1 rg BT 39.00 662.43 Td (Item 1A.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.21 662.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 662.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 660.91259765625 m 179.16015625 660.91259765625 l s q 0 0 1 rg BT 125.00 662.48 Td (Risk Factors) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 646.86259765625 m 75.66015625 646.86259765625 l s q 0 0 1 rg BT 39.00 648.43 Td (Item 1B.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.66 648.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 648.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 646.91259765625 m 244.8046875 646.91259765625 l s q 0 0 1 rg BT 125.00 648.48 Td (Unr) Tj ET Q q 0 0 1 rg BT 142.04 648.48 Td (esolved Staff Comments) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 632.86259765625 m 68.990234375 632.86259765625 l s q 0 0 1 rg BT 39.00 634.43 Td (Item 2.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 634.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 634.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 632.91259765625 m 169.2431640625 632.91259765625 l s q 0 0 1 rg BT 125.00 634.48 Td (Pr) Tj ET Q q 0 0 1 rg BT 135.37 634.48 Td (operties) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 618.86259765625 m 68.990234375 618.86259765625 l s q 0 0 1 rg BT 39.00 620.43 Td (Item 3.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 620.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 620.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 618.91259765625 m 202.861328125 618.91259765625 l s q 0 0 1 rg BT 125.00 620.48 Td (Legal Pr) Tj ET Q q 0 0 1 rg BT 161.75 620.48 Td (oceedings) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 604.86259765625 m 68.990234375 604.86259765625 l s q 0 0 1 rg BT 39.00 606.43 Td (Item 4.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 606.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 606.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 604.91259765625 m 227.0263671875 604.91259765625 l s q 0 0 1 rg BT 125.00 606.48 Td (Mine Safety Disclosur) Tj ET Q q 0 0 1 rg BT 218.70 606.48 Td (es) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 592.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 592.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 592.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 592.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 576.86259765625 m 75.23046875 576.86259765625 l s q 0 0 1 rg BT 39.00 578.43 Td (P) Tj ET Q q 0 0 1 rg BT 44.37 578.43 Td (AR) Tj ET Q q 0 0 1 rg BT 58.46 578.43 Td (T) Tj ET Q q 0 0 1 rg BT 64.95 578.43 Td ( II) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.23 578.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 578.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 578.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 553.86259765625 m 71.490234375 553.86259765625 l s q 0 0 1 rg BT 39.00 555.43 Td (Item 5.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 564.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 562.91259765625 m 476.9287109375 562.91259765625 l s q 0 0 1 rg BT 125.00 564.48 Td (Market for) Tj ET Q q 0 0 1 rg BT 172.29 564.48 Td ( Registrant's Common Equity) Tj ET Q q 0 0 1 rg BT 299.25 564.48 Td (, Related Stockholder) Tj ET Q q 0 0 1 rg BT 391.01 564.48 Td ( Matters and Issuer) Tj ET Q q 0 0 1 rg BT 474.43 564.48 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 552.91259765625 m 254.5361328125 552.91259765625 l s q 0 0 1 rg BT 125.00 554.48 Td (Pur) Tj ET Q q 0 0 1 rg BT 140.93 554.48 Td (chases of Equity Securities) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 539.86259765625 m 71.490234375 539.86259765625 l s q 0 0 1 rg BT 39.00 541.43 Td (Item 6.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 541.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 539.91259765625 m 225.5419921875 539.91259765625 l s q 0 0 1 rg BT 125.00 541.48 Td (Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 515.86259765625 m 68.990234375 515.86259765625 l s q 0 0 1 rg BT 39.00 517.43 Td (Item 7.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 517.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 527.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 525.91259765625 m 456.3525390625 525.91259765625 l s q 0 0 1 rg BT 125.00 527.48 Td (Management) Tj ET Q q 0 0 1 rg BT 184.06 527.48 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 256.04 527.48 Td (Analysis of Financial Condition and Results of ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 515.91259765625 m 172.7783203125 515.91259765625 l s q 0 0 1 rg BT 125.00 517.48 Td (Operations) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 501.86259765625 m 78.7119140625 501.86259765625 l s q 0 0 1 rg BT 39.00 503.43 Td (Item 7A.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 503.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 501.91259765625 m 382.0458984375 501.91259765625 l s q 0 0 1 rg BT 125.00 503.48 Td (Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 1 rg BT 290.10 503.48 Td (es about Market Risk) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 487.86259765625 m 68.990234375 487.86259765625 l s q 0 0 1 rg BT 39.00 489.43 Td (Item 8.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 489.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 489.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 487.91259765625 m 324.453125 487.91259765625 l s q 0 0 1 rg BT 125.00 489.48 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 463.86259765625 m 68.990234375 463.86259765625 l s q 0 0 1 rg BT 39.00 465.43 Td (Item 9.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.99 465.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 475.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 473.91259765625 m 460.419921875 473.91259765625 l s q 0 0 1 rg BT 125.00 475.48 Td (Changes in and Disagr) Tj ET Q q 0 0 1 rg BT 221.79 475.48 Td (eements with ) Tj ET Q q 0 0 1 rg BT 279.56 475.48 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 347.90 475.48 Td (Accounting and Financial ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 463.91259765625 m 169.2578125 463.91259765625 l s q 0 0 1 rg BT 125.00 465.48 Td (Disclosur) Tj ET Q q 0 0 1 rg BT 164.82 465.48 Td (e) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 449.86259765625 m 76.2119140625 449.86259765625 l s q 0 0 1 rg BT 39.00 451.43 Td (Item 9A.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 451.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 449.91259765625 m 231.1181640625 449.91259765625 l s q 0 0 1 rg BT 125.00 451.48 Td (Contr) Tj ET Q q 0 0 1 rg BT 150.37 451.48 Td (ols and Pr) Tj ET Q q 0 0 1 rg BT 193.53 451.48 Td (ocedur) Tj ET Q q 0 0 1 rg BT 222.79 451.48 Td (es) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 435.86259765625 m 75.66015625 435.86259765625 l s q 0 0 1 rg BT 39.00 437.43 Td (Item 9B.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.66 437.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 437.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 435.91259765625 m 205.087890625 435.91259765625 l s q 0 0 1 rg BT 125.00 437.48 Td (Other) Tj ET Q q 0 0 1 rg BT 150.37 437.48 Td ( Information) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 423.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 423.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 423.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 423.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 407.86259765625 m 79.1220703125 407.86259765625 l s q 0 0 1 rg BT 39.00 409.43 Td (P) Tj ET Q q 0 0 1 rg BT 44.37 409.43 Td (AR) Tj ET Q q 0 0 1 rg BT 58.46 409.43 Td (T) Tj ET Q q 0 0 1 rg BT 64.95 409.43 Td ( III) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.12 409.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 409.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 393.86259765625 m 73.990234375 393.86259765625 l s q 0 0 1 rg BT 39.00 395.43 Td (Item 10.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.99 395.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 395.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 393.91259765625 m 368.0810546875 393.91259765625 l s q 0 0 1 rg BT 125.00 395.48 Td (Dir) Tj ET Q q 0 0 1 rg BT 139.26 395.48 Td (ectors, Executive Officers and Corporate Governance) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 379.86259765625 m 73.4384765625 379.86259765625 l s q 0 0 1 rg BT 39.00 381.43 Td (Item 1) Tj ET Q q 0 0 1 rg BT 65.94 381.43 Td (1.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.44 381.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 381.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 379.91259765625 m 230.830078125 379.91259765625 l s q 0 0 1 rg BT 125.00 381.48 Td (Executive Compensation) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 356.86259765625 m 73.990234375 356.86259765625 l s q 0 0 1 rg BT 39.00 358.43 Td (Item 12.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.99 358.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 367.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 365.91259765625 m 470.5322265625 365.91259765625 l s q 0 0 1 rg BT 125.00 367.48 Td (Security Ownership of Certain Beneficial Owners and Management and Related ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 355.91259765625 m 212.8564453125 355.91259765625 l s q 0 0 1 rg BT 125.00 357.48 Td (Stockholder) Tj ET Q q 0 0 1 rg BT 176.49 357.48 Td ( Matters) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 342.86259765625 m 73.990234375 342.86259765625 l s q 0 0 1 rg BT 39.00 344.43 Td (Item 13.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.99 344.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 344.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 342.91259765625 m 450.390625 342.91259765625 l s q 0 0 1 rg BT 125.00 344.48 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 274.27 344.48 Td (T) Tj ET Q q 0 0 1 rg BT 280.20 344.48 Td (ransactions, and Dir) Tj ET Q q 0 0 1 rg BT 366.97 344.48 Td (ector) Tj ET Q q 0 0 1 rg BT 388.44 344.48 Td ( Independence) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 328.86259765625 m 73.990234375 328.86259765625 l s q 0 0 1 rg BT 39.00 330.43 Td (Item 14.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.99 330.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 330.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 328.91259765625 m 292.7685546875 328.91259765625 l s q 0 0 1 rg BT 125.00 330.48 Td (Principal ) Tj ET Q q 0 0 1 rg BT 166.39 330.48 Td (Accounting Fees and Services) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 316.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 316.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 316.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 316.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 300.86259765625 m 78.47021484375 300.86259765625 l s q 0 0 1 rg BT 39.00 302.43 Td (P) Tj ET Q q 0 0 1 rg BT 44.37 302.43 Td (AR) Tj ET Q q 0 0 1 rg BT 58.46 302.43 Td (T) Tj ET Q q 0 0 1 rg BT 64.95 302.43 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 78.38 302.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 302.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 302.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 286.86259765625 m 73.990234375 286.86259765625 l s q 0 0 1 rg BT 39.00 288.43 Td (Item 15.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.99 288.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 288.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 286.91259765625 m 312.2509765625 286.91259765625 l s q 0 0 1 rg BT 125.00 288.48 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 39 272.91259765625 m 73.990234375 272.91259765625 l s q 0 0 1 rg BT 39.00 274.48 Td (Item 16.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 272.91259765625 m 217.20703125 272.91259765625 l s q 0 0 1 rg BT 125.00 274.48 Td (Form 10-K Summary) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 260.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 260.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 125 258.91259765625 m 170.380859375 258.91259765625 l s q 0 0 1 rg BT 125.00 260.48 Td (Signatur) Tj ET Q q 0 0 1 rg BT 162.05 260.48 Td (es) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 540 688.86259765625 m 545 688.86259765625 l s q 0 0 1 rg BT 540.00 690.43 Td (5) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 540 674.86259765625 m 545 674.86259765625 l s q 0 0 1 rg BT 540.00 676.43 Td (5) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535.55 660.86259765625 m 544.9982421875 660.86259765625 l s q 0 0 1 rg BT 535.55 662.43 Td (1) Tj ET Q q 0 0 1 rg BT 540.00 662.43 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 646.86259765625 m 545 646.86259765625 l s q 0 0 1 rg BT 535.00 648.43 Td (33) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 632.86259765625 m 545 632.86259765625 l s q 0 0 1 rg BT 535.00 634.43 Td (34) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 618.86259765625 m 545 618.86259765625 l s q 0 0 1 rg BT 535.00 620.43 Td (34) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 604.86259765625 m 545 604.86259765625 l s q 0 0 1 rg BT 535.00 606.43 Td (34) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 576.86259765625 m 545 576.86259765625 l s q 0 0 1 rg BT 535.00 578.43 Td (35) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 553.86259765625 m 545 553.86259765625 l s q 0 0 1 rg BT 535.00 555.43 Td (35) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 539.86259765625 m 545 539.86259765625 l s q 0 0 1 rg BT 535.00 541.43 Td (36) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 515.86259765625 m 545 515.86259765625 l s q 0 0 1 rg BT 535.00 517.43 Td (41) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 501.86259765625 m 545 501.86259765625 l s q 0 0 1 rg BT 535.00 503.43 Td (60) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 487.86259765625 m 545 487.86259765625 l s q 0 0 1 rg BT 535.00 489.43 Td (61) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 463.86259765625 m 545 463.86259765625 l s q 0 0 1 rg BT 535.00 465.43 Td (61) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 449.86259765625 m 545 449.86259765625 l s q 0 0 1 rg BT 535.00 451.43 Td (61) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 435.86259765625 m 545 435.86259765625 l s q 0 0 1 rg BT 535.00 437.43 Td (61) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 407.86259765625 m 545 407.86259765625 l s q 0 0 1 rg BT 535.00 409.43 Td (63) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 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/GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 328.86259765625 m 545 328.86259765625 l s q 0 0 1 rg BT 535.00 330.43 Td (63) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 300.86259765625 m 545 300.86259765625 l s q 0 0 1 rg BT 535.00 302.43 Td (64) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 286.86259765625 m 545 286.86259765625 l s q 0 0 1 rg BT 535.00 288.43 Td (64) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 272.86259765625005 m 545 272.86259765625005 l s q 0 0 1 rg BT 535.00 274.43 Td (68) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 535 258.86259765625005 m 545 258.86259765625005 l s q 0 0 1 rg BT 535.00 260.43 Td (69) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (As used in this ) Tj ET Q q 0 0 0 rg BT 97.12 737.10 Td (Annual Report on Form 10-K, the terms T) Tj ET Q q 0 0 0 rg BT 270.62 737.10 Td (rueCar, the Company) Tj ET Q q 0 0 0 rg BT 364.66 737.10 Td (, we, us and our refer to ) Tj ET Q q 0 0 0 rg BT 493.02 737.10 Td (T) Tj ET Q q 0 0 0 rg BT 498.77 737.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 525.58 737.10 Td (, Inc., and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (its wholly owned subsidiaries, ) Tj ET Q q 0 0 0 rg BT 159.42 725.10 Td (T) Tj ET Q q 0 0 0 rg BT 165.18 725.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 191.83 725.10 Td (.com, Inc. and ) Tj ET Q q 0 0 0 rg BT 250.71 725.10 Td (ALG, Inc., unless the context indicates otherwise. ) Tj ET Q q 0 0 0 rg BT 452.42 725.10 Td (T) Tj ET Q q 0 0 0 rg BT 458.17 725.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 484.83 725.10 Td (.com, Inc. is referred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (to as T) Tj ET Q q 0 0 0 rg BT 67.30 713.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 93.96 713.10 Td (.com and ) Tj ET Q q 0 0 0 rg BT 137.00 713.10 Td (ALG, Inc. is referred to as ALG.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.70 689.10 Td (Special Note Regarding Forward Looking Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (This ) Tj ET Q q 0 0 0 rg BT 55.73 665.10 Td (Annual Report on Form 10-K contains forward-looking statements within the meaning of the federal securities laws, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (financial or operating performance. In some cases you can identify forward-looking statements because they contain words such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (anticipates,believes,continue,could,estimates,expects,intends,may) Tj ET Q q 0 0 0 rg BT 382.40 629.10 Td (,might,likely) Tj ET Q q 0 0 0 rg BT 455.61 629.10 Td (,plans,potential, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (predicts projects,seeks,should,tar) Tj ET Q q 0 0 0 rg BT 215.45 617.10 Td (get,will,would or similar expressions and the negatives of those terms. Forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (looking statements contained in this ) Tj ET Q q 0 0 0 rg BT 181.82 605.10 Td (Annual Report on Form 10-K include, but are not limited to, statements about:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td (our future financial performance and our expectations regarding our revenue, cost of revenue, gross profit or gross mar) Tj ET Q q 0 0 0 rg BT 547.47 581.10 Td (gin, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (operating expenses, ability to grow revenue, scale our business, generate cash flow) Tj ET Q q 0 0 0 rg BT 402.91 569.10 Td (, fulfill our mission and ability to achieve, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (and maintain, future profitability;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (our relationship with key industry participants, including car dealers and automobile manufacturers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 533.10 Td (anticipated trends, growth rates and challenges in our business and in the markets in which we operate;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.10 Td (our ability to anticipate market needs and develop new and enhanced products and services to meet those needs, including an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.10 Td (automotive trade-in product of) Tj ET Q q 0 0 0 rg BT 194.28 509.10 Td (fering and new programs with automobile manufacturers, and our ability to successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (monetize them;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (maintaining and expanding our customer base in key geographies, including our ability to increase the number of high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (volume brand dealers in our network generally and in key geographies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (our reliance on our third-party service providers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (the impact of competition in our industry and innovation by our competitors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (our anticipated growth and growth strategies, including our ability to increase close rates and the rate at which site visitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (prospect with a ) Tj ET Q q 0 0 0 rg BT 135.41 425.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.17 425.10 Td (rueCar certified dealer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (our ability to successfully increase dealer subscription rates, and manage dealer churn, as the number of dealers on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (subscription billing arrangements increases relative to those on a pay-per) Tj ET Q q 0 0 0 rg BT 363.65 401.10 Td (-sale billing model;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td (our ability to anticipate or adapt to future changes in our industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (the impact on our business of seasonality) Tj ET Q q 0 0 0 rg BT 235.76 377.10 Td (, cyclical trends af) Tj ET Q q 0 0 0 rg BT 308.88 377.10 Td (fecting the overall economy) Tj ET Q q 0 0 0 rg BT 420.13 377.10 Td (, and actual or threatened severe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (weather events;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td (our ability to hire and retain necessary qualified employees, including anticipated additions to our dealer) Tj ET Q q 0 0 0 rg BT 489.52 353.10 Td (, product and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (technology teams;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (our ability to integrate recent additions to our management team;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.10 Td (our continuing ability to provide customers access to our products and services and the impact of any failure of our solution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (innovations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (the evolution of technology af) Tj ET Q q 0 0 0 rg BT 192.34 293.10 Td (fecting our products, services and markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 281.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 281.10 Td (our ability to adequately protect our intellectual property;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.10 Td (the anticipated ef) Tj ET Q q 0 0 0 rg BT 140.67 269.10 Td (fect on our business of litigation to which we are a party;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (our ability to stay abreast of new or modified laws and regulations that currently apply or become applicable to our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 245.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (the expense and administrative workload associated with being a public company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (failure to maintain an ef) Tj ET Q q 0 0 0 rg BT 167.89 233.10 Td (fective system of internal controls necessary to accurately report our financial results and prevent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.10 Td (fraud;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 209.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (our liquidity and working capital requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (the estimates and estimate methodologies used in preparing our consolidated financial statements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 185.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.10 Td (the future trading prices of our common stock and the impact of securities analysts) Tj ET Q q 0 0 0 rg BT 405.33 185.10 Td ( reports on these prices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (the preceding and other factors discussed in Part I, Item 1A, Risk Factors, and in other reports we may file with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (Securities and Exchange Commission from time to time; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (the factors set forth in Part II, Item 7, Management) Tj ET Q q 0 0 0 rg BT 282.76 149.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 351.93 149.10 Td (Analysis of Financial Condition and Results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 113.10 Td (Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (results, performance or achievements to be materially dif) Tj ET Q q 0 0 0 rg BT 264.06 101.10 Td (ferent from any future results, performance or achievements expressed or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (implied by the forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 211.34 89.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.97 89.10 Td (e discuss these risks in greater detail in the section entitled Risk Factors and elsewhere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (in this ) Tj ET Q q 0 0 0 rg BT 62.67 77.10 Td (Annual Report on Form 10-K. Given these uncertainties, you should not place undue reliance on these forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (statements. Forward-looking statements speak only as of the date the statements are made. ) Tj ET Q q 0 0 0 rg BT 399.69 65.10 Td (Y) Tj ET Q q 0 0 0 rg BT 405.91 65.10 Td (ou should not put undue reliance on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 151.07 53.10 Td (W) Tj ET Q q 0 0 0 rg BT 159.71 53.10 Td (e assume no obligation to update forward-looking statements to reflect actual results, changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (assumptions or changes in other factors af) Tj ET Q q 0 0 0 rg BT 204.11 41.10 Td (fecting forward-looking information, except to the extent required by applicable securities ) Tj ET Q endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (with respect to those or other forward-looking statements.) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 749.25 Td (P) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 41.37 749.25 Td (AR) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.46 749.25 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.95 749.25 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 728.25 Td ( Item 1. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 728.25 Td (Business) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.45 712.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 36.00 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 684.25 Td (Our Mission: ) Tj ET Q q 0 0 0 rg BT 127.38 684.25 Td (W) Tj ET Q q 0 0 0 rg BT 136.02 684.25 Td (e exist to be the most transparent brand in automotive, to serve as a catalyst that dramatically improves the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 672.25 Td (way people discover) Tj ET Q q 0 0 0 rg BT 117.79 672.25 Td (, buy and sell cars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 648.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 648.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 648.25 Td (e have established a diverse software ecosystem on a common technology infrastructure, powered by proprietary data and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 636.25 Td (analytics. Our company-branded platform is available on our ) Tj ET Q q 0 0 0 rg BT 282.13 636.25 Td (T) Tj ET Q q 0 0 0 rg BT 287.88 636.25 Td (rueCar website and mobile applications. In addition, we customize and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 624.25 Td (operate our platform on a co-branded basis for our many af) Tj ET Q q 0 0 0 rg BT 272.40 624.25 Td (finity group marketing partners, including financial institutions like USAA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 612.25 Td (Chase and ) Tj ET Q q 0 0 0 rg BT 79.33 612.25 Td (American Express, membership-based or) Tj ET Q q 0 0 0 rg BT 244.09 612.25 Td (ganizations like Consumer Reports, ) Tj ET Q q 0 0 0 rg BT 388.79 612.25 Td (AARP) Tj ET Q q 0 0 0 rg BT 414.36 612.25 Td (, Sam's Club and ) Tj ET Q q 0 0 0 rg BT 483.67 612.25 Td (AAA, and employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 600.25 Td (buying programs for lar) Tj ET Q q 0 0 0 rg BT 131.07 600.25 Td (ge enterprises such as IBM and ) Tj ET Q q 0 0 0 rg BT 258.64 600.25 Td (W) Tj ET Q q 0 0 0 rg BT 267.27 600.25 Td (almart. ) Tj ET Q q 0 0 0 rg BT 297.64 600.25 Td (W) Tj ET Q q 0 0 0 rg BT 306.27 600.25 Td (e enable users to obtain market-based pricing data on new and used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 588.25 Td (cars, and to connect with our network of ) Tj ET Q q 0 0 0 rg BT 199.94 588.25 Td (T) Tj ET Q q 0 0 0 rg BT 205.69 588.25 Td (rueCar Certified Dealers. ) Tj ET Q q 0 0 0 rg BT 308.80 588.25 Td (W) Tj ET Q q 0 0 0 rg BT 317.44 588.25 Td (e also allow automobile manufacturers, known in the industry as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 576.25 Td (OEMs, to connect with ) Tj ET Q q 0 0 0 rg BT 131.08 576.25 Td (T) Tj ET Q q 0 0 0 rg BT 136.84 576.25 Td (rueCar users during the purchase process and ef) Tj ET Q q 0 0 0 rg BT 327.98 576.25 Td (ficiently deliver tar) Tj ET Q q 0 0 0 rg BT 404.43 576.25 Td (geted incentives to consumers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 564.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 552.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 552.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 552.25 Td (e benefit consumers by providing information related to what others have paid for a make, model and trim of car in their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 540.25 Td (area and guaranteed savings of) Tj ET Q q 0 0 0 rg BT 159.10 540.25 Td (f the manufacturer) Tj ET Q q 0 0 0 rg BT 233.31 540.25 Td () Tj ET Q q 0 0 0 rg BT 236.09 540.25 Td (s suggested retail price, or MSRP) Tj ET Q q 0 0 0 rg BT 368.86 540.25 Td (, for that make, model and trim, as well as, in most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 528.25 Td (instances, price of) Tj ET Q q 0 0 0 rg BT 108.29 528.25 Td (fers on actual vehicle inventory) Tj ET Q q 0 0 0 rg BT 233.70 528.25 Td (, which we refer to as ) Tj ET Q q 0 0 0 rg BT 322.09 528.25 Td (VIN-based of) Tj ET Q q 0 0 0 rg BT 376.62 528.25 Td (fers, from our network of ) Tj ET Q q 0 0 0 rg BT 480.29 528.25 Td (T) Tj ET Q q 0 0 0 rg BT 486.05 528.25 Td (rueCar Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 516.25 Td (Dealers. Guaranteed savings of) Tj ET Q q 0 0 0 rg BT 160.77 516.25 Td (f MSRP) Tj ET Q q 0 0 0 rg BT 192.91 516.25 Td ( are reflected in a Guaranteed Savings Certificate which the consumer may then take to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 504.25 Td (dealer and apply toward the purchase of the specified make, model and trim of car) Tj ET Q q 0 0 0 rg BT 364.48 504.25 Td (. ) Tj ET Q q 0 0 0 rg BT 369.30 504.25 Td (VIN-based of) Tj ET Q q 0 0 0 rg BT 423.82 504.25 Td (fers provide consumers with price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 492.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 492.25 Td (fers for specific vehicles from specific dealers. ) Tj ET Q q 0 0 0 rg BT 233.32 492.25 Td (W) Tj ET Q q 0 0 0 rg BT 241.96 492.25 Td (e benefit our network of ) Tj ET Q q 0 0 0 rg BT 340.91 492.25 Td (T) Tj ET Q q 0 0 0 rg BT 346.67 492.25 Td (rueCar Certified Dealers by enabling them to attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 480.25 Td (these informed, in-market consumers in a cost-ef) Tj ET Q q 0 0 0 rg BT 231.59 480.25 Td (fective, accountable manner) Tj ET Q q 0 0 0 rg BT 343.62 480.25 Td (, which we believe helps them to sell more cars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 468.25 Td (profitably) Tj ET Q q 0 0 0 rg BT 74.78 468.25 Td (. ) Tj ET Q q 0 0 0 rg BT 79.60 468.25 Td (W) Tj ET Q q 0 0 0 rg BT 88.24 468.25 Td (e benefit OEMsby allowing them to more ef) Tj ET Q q 0 0 0 rg BT 267.46 468.25 Td (fectively tar) Tj ET Q q 0 0 0 rg BT 315.31 468.25 Td (get their incentive spending at deep-in-market consumers during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 456.25 Td (their purchase process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 432.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 432.25 Td (Our network of over 15,000 ) Tj ET Q q 0 0 0 rg BT 186.24 432.25 Td (T) Tj ET Q q 0 0 0 rg BT 192.00 432.25 Td (rueCar Certified Dealers consists primarily of new car franchises, representing all major makes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 420.25 Td (of cars, as well as independent dealers selling used vehicles. ) Tj ET Q q 0 0 0 rg BT 279.07 420.25 Td (T) Tj ET Q q 0 0 0 rg BT 284.83 420.25 Td (rueCar Certified Dealers operate in all 50 states and the District of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 408.25 Td (Columbia.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 384.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 384.25 Td (Our subsidiary) Tj ET Q q 0 0 0 rg BT 130.51 384.25 Td (, ) Tj ET Q q 0 0 0 rg BT 134.96 384.25 Td (ALG,Inc., provides forecasts and consulting services regarding determination of the residual value of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 372.25 Td (automobile at given future points in time. ) Tj ET Q q 0 0 0 rg BT 204.12 372.25 Td (These residual values are used to underwrite automotive loans and leases to determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 360.25 Td (payments by consumers. In addition, financial institutions use this information to measure exposure and risk across loan, lease and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 348.25 Td (fleet portfolios. ) Tj ET Q q 0 0 0 rg BT 99.97 348.25 Td (W) Tj ET Q q 0 0 0 rg BT 108.61 348.25 Td (e also obtain automobile purchase data from a variety of sources and use this data to provide consumers and dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 336.25 Td (with highly accurate, geographically specific, real-time pricing information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.85 302.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 269.22 302.25 Td (oducts and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 290.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 278.25 Td (Consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 254.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 254.25 Td (Consumers interface with us via our ) Tj ET Q q 0 0 0 rg BT 219.01 254.25 Td (T) Tj ET Q q 0 0 0 rg BT 224.76 254.25 Td (rueCar branded website, af) Tj ET Q q 0 0 0 rg BT 332.31 254.25 Td (finity group marketing partner websites, and ) Tj ET Q q 0 0 0 rg BT 512.36 254.25 Td (T) Tj ET Q q 0 0 0 rg BT 518.12 254.25 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 242.25 Td (branded and af) Tj ET Q q 0 0 0 rg BT 95.23 242.25 Td (finity group mobile applications.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 218.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 218.25 Td (The following are key elements of our consumer experience:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 194.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 194.25 Td (Market pricing data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.54 194.25 Td (. ) Tj ET Q q 0 0 0 rg BT 157.36 194.25 Td (Through our websites and mobile applications, a consumer selects a vehicle, adds desired options and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 182.25 Td (inputs a ZIP) Tj ET Q q 0 0 0 rg BT 84.52 182.25 Td ( code. In most instances, we then present the consumer with the ) Tj ET Q q 0 0 0 rg BT 341.49 182.25 Td (T) Tj ET Q q 0 0 0 rg BT 347.25 182.25 Td (rueCar Curve, a graphical distribution of what others ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 170.25 Td (paid for a similar make, model and trim of car) Tj ET Q q 0 0 0 rg BT 219.83 170.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.65 170.25 Td (W) Tj ET Q q 0 0 0 rg BT 233.69 170.25 Td (ithin this distribution, we include MSRP) Tj ET Q q 0 0 0 rg BT 394.25 170.25 Td (, factory invoice and average price paid for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 158.25 Td (that make, model and trim in the consumer) Tj ET Q q 0 0 0 rg BT 207.99 158.25 Td () Tj ET Q q 0 0 0 rg BT 210.77 158.25 Td (s local market. ) Tj ET Q q 0 0 0 rg BT 271.68 158.25 Td (W) Tj ET Q q 0 0 0 rg BT 280.32 158.25 Td (e generally provide consumers with our ) Tj ET Q q 0 0 0 rg BT 441.20 158.25 Td (T) Tj ET Q q 0 0 0 rg BT 446.96 158.25 Td (rueCar ) Tj ET Q q 0 0 0 rg BT 476.11 158.25 Td (A) Tj ET Q q 0 0 0 rg BT 482.59 158.25 Td (verage, a proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 146.25 Td (calculation based on the recent transactions of ) Tj ET Q q 0 0 0 rg BT 222.69 146.25 Td (T) Tj ET Q q 0 0 0 rg BT 228.45 146.25 Td (rueCar users, that provides an understanding of what others have paid for similarly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 134.25 Td (configured vehicles. ) Tj ET Q q 0 0 0 rg BT 119.40 134.25 Td (This information enables the consumer to evaluate a potential price in the context of broader market data.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 110.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 110.25 Td (Guaranteed Savings Certificates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.54 110.25 Td (After the consumer has received the context supplied by the market pricing data described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 98.25 Td (above, the consumer may elect to connect with local ) Tj ET Q q 0 0 0 rg BT 247.96 98.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.72 98.25 Td (rueCar Certified Dealers by releasing the consumer) Tj ET Q q 0 0 0 rg BT 459.56 98.25 Td () Tj ET Q q 0 0 0 rg BT 462.34 98.25 Td (s contact information to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 86.25 Td (those dealers. ) Tj ET Q q 0 0 0 rg BT 92.37 86.25 Td (A) Tj ET Q q 0 0 0 rg BT 99.04 86.25 Td ( consumer who makes this election then receives one or more Guaranteed Savings Certificates from the dealers that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 74.25 Td (received the consumer) Tj ET Q q 0 0 0 rg BT 126.33 74.25 Td () Tj ET Q q 0 0 0 rg BT 129.11 74.25 Td (s contact information. ) Tj ET Q q 0 0 0 rg BT 218.90 74.25 Td (The Guaranteed Savings Certificate issued by each ) Tj ET Q q 0 0 0 rg BT 425.03 74.25 Td (T) Tj ET Q q 0 0 0 rg BT 430.79 74.25 Td (rueCar Certified Dealer will reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 62.25 Td (the amount of guaranteed savings of) Tj ET Q q 0 0 0 rg BT 181.05 62.25 Td (f MSRP) Tj ET Q q 0 0 0 rg BT 213.20 62.25 Td ( that the consumer may then take to that dealer and apply toward the purchase of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 50.25 Td (specified make, model and trim of car) Tj ET Q q 0 0 0 rg BT 187.33 50.25 Td (.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (VIN-based Offers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.27 749.10 Td (In most instances, in addition to receiving one or more Guaranteed Savings Certificates, the consumer will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (also receive price of) Tj ET Q q 0 0 0 rg BT 116.61 737.10 Td (fers on in-stock vehicles with specified ) Tj ET Q q 0 0 0 rg BT 275.27 737.10 Td (V) Tj ET Q q 0 0 0 rg BT 281.38 737.10 Td (ehicle Identification Numbers \(VINs\) from each of the Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (Dealers that has supplied the consumer with a Guaranteed Savings Certificate. ) Tj ET Q q 0 0 0 rg BT 351.83 725.10 Td (These ) Tj ET Q q 0 0 0 rg BT 378.03 725.10 Td (VIN-based of) Tj ET Q q 0 0 0 rg BT 432.55 725.10 Td (fers provide consumers with price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 713.10 Td (fers for specific vehicles from specific Certified Dealers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (Dealer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 665.10 Td (Our network of ) Tj ET Q q 0 0 0 rg BT 135.97 665.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.73 665.10 Td (rueCar Certified Dealers interfaces with our platform primarily through our Dealer Portal, an application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (that can be accessed online or using a mobile device. ) Tj ET Q q 0 0 0 rg BT 249.91 653.10 Td (The Dealer Portal is considered a sales enhancement tool, and it enables dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (to access unique information on their prospects unavailable to them in their standard customer relationship management \(CRM\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 75.25 629.10 Td (The Dealer Portal allows dealers to assess the competitiveness of their vehicle pricing relative to their market, create vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (pricing rules, access details on potential buyers wants and needs, create custom detailed of) Tj ET Q q 0 0 0 rg BT 397.64 617.10 Td (fers based on vehicles in stock, manage how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (their dealership profile appears on the network, assess their competitive market performance on vehicles sold through their dealership, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (as well a number of administrative and other management tools. ) Tj ET Q q 0 0 0 rg BT 294.91 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 303.95 593.10 Td (ith the mobile application for iOS and ) Tj ET Q q 0 0 0 rg BT 457.53 593.10 Td (Android, dealers also have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (the ability to provide a price quote on a vehicle relative to the local market, regardless of whether the potential buyer was sourced via ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.54 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 56.29 569.10 Td (rueCar network or not. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 557.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 545.10 Td (Pricing tools) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.94 545.10 Td (. ) Tj ET Q q 0 0 0 rg BT 128.76 545.10 Td (The Pricing Manager provides dealers with a single interface to assess the competiveness of their vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (pricing relative to their market and set pricing on all makes and models they of) Tj ET Q q 0 0 0 rg BT 351.28 533.10 Td (fer for sale. ) Tj ET Q q 0 0 0 rg BT 399.40 533.10 Td (The Sales ) Tj ET Q q 0 0 0 rg BT 440.51 533.10 Td (Analyzer helps dealers better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (understand how their pricing for recently sold vehicles compares to the market, whether or not the customer transaction was with one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (of our users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 497.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 485.10 Td (Sales closing tools) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.44 485.10 Td (. ) Tj ET Q q 0 0 0 rg BT 151.26 485.10 Td (The Of) Tj ET Q q 0 0 0 rg BT 179.68 485.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 193.10 485.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.51 485.10 Td (ool helps dealers create custom detailed of) Tj ET Q q 0 0 0 rg BT 368.26 485.10 Td (fers based on vehicles in stock. ) Tj ET Q q 0 0 0 rg BT 494.99 485.10 Td (The Dealership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (Profile enables dealers to identify their selling benefits to customers, including salesperson names and pictures, dealership makes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (hours of operation and website and social media links.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 449.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (Manufacturers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 425.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 413.10 Td (e enable manufacturers to tar) Tj ET Q q 0 0 0 rg BT 196.51 413.10 Td (get consumers based on membership in an af) Tj ET Q q 0 0 0 rg BT 376.00 413.10 Td (finity group and other criteria. ) Tj ET Q q 0 0 0 rg BT 499.11 413.10 Td (Through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (platform, manufacturers can create cash incentives tar) Tj ET Q q 0 0 0 rg BT 251.54 401.10 Td (geted to specific consumers and provide the ability to generate a unique coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (code that can be redeemed and validated at any dealership across the country in connection with the purchase of a new car) Tj ET Q q 0 0 0 rg BT 524.41 389.10 Td (. By ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (facilitating and tracking these incentive codes in their own reporting systems, manufacturers can account directly for this method of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (reaching consumers. ) Tj ET Q q 0 0 0 rg BT 120.51 365.10 Td (These manufacturers pay a per) Tj ET Q q 0 0 0 rg BT 243.03 365.10 Td (-vehicle fee to us for this service.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (Used car listings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 329.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.10 Td (For consumers looking to purchase a used car) Tj ET Q q 0 0 0 rg BT 254.61 317.10 Td (, we provide an aggregated listing of used vehicles for sale in their local area. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (These listings are consolidated from a variety of sources, including members of our network of ) Tj ET Q q 0 0 0 rg BT 418.49 305.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.25 305.10 Td (rueCar Certified Dealers that sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (used cars. In addition to displaying stated information made available by the seller about the pricing and condition of a car) Tj ET Q q 0 0 0 rg BT 525.17 293.10 Td (, we provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (consumers with information related to the value of other cars of the same make, model, year and stated condition in the market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (Through our websites and mobile applications, the user can contact the dealer) Tj ET Q q 0 0 0 rg BT 346.61 269.10 Td (, identifying herself as a ) Tj ET Q q 0 0 0 rg BT 445.28 269.10 Td (T) Tj ET Q q 0 0 0 rg BT 451.04 269.10 Td (rueCar user) Tj ET Q q 0 0 0 rg BT 497.01 269.10 Td (, to initiate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (communications that may ultimately result in a completed transaction.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (ALG) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 203.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 203.70 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 203.70 Td (e forecast data on residual values of cars and provide this information on a subscription and consultative basis via ) Tj ET Q q 0 0 0 rg BT 536.90 203.70 Td (ALG, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.70 Td (wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 136.73 191.70 Td (. ) Tj ET Q q 0 0 0 rg BT 141.18 191.70 Td (Automotive manufacturers, lenders, lessors, dealers and software providers use information from ) Tj ET Q q 0 0 0 rg BT 531.62 191.70 Td (ALG to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 179.70 Td (determine the residual value of an automobile at given points in time in the future. ) Tj ET Q q 0 0 0 rg BT 367.39 179.70 Td (These residual values are used to underwrite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 167.70 Td (automotive loans and leases to determine payments by consumers. In addition, financial institutions use this information to measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.70 Td (exposure and risk across loan, lease and fleet portfolios.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.80 749.25 Td (Sales and Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (Consumer marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 713.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 701.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 701.25 Td (e reach consumers through the ) Tj ET Q q 0 0 0 rg BT 205.13 701.25 Td (T) Tj ET Q q 0 0 0 rg BT 210.89 701.25 Td (rueCar website and our branded mobile applications and websites we maintain for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 689.25 Td (finity group marketing partners. Our marketing is focused on building the ) Tj ET Q q 0 0 0 rg BT 340.57 689.25 Td (T) Tj ET Q q 0 0 0 rg BT 346.32 689.25 Td (rueCar brand. ) Tj ET Q q 0 0 0 rg BT 403.62 689.25 Td (The key tenets of our brand are providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (transparent market price information and enhancing the car) Tj ET Q q 0 0 0 rg BT 272.64 677.25 Td (-buying experience for both consumers and dealers. ) Tj ET Q q 0 0 0 rg BT 481.83 677.25 Td (W) Tj ET Q q 0 0 0 rg BT 490.47 677.25 Td (e divide our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (marketing spend between traditional media sources, such as television and radio, and digital media. Our consumer brand awareness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 653.25 Td (forts are aided by the fact that we are quoted in various media outlets from time to time as a recognized industry authority on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (automotive retail and online data forecasting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 617.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 617.25 Td (e also support initiatives for our af) Tj ET Q q 0 0 0 rg BT 218.20 617.25 Td (finity group marketing partners, including USAA, Consumer Reports, ) Tj ET Q q 0 0 0 rg BT 500.11 617.25 Td (AAA, ) Tj ET Q q 0 0 0 rg BT 526.22 617.25 Td (American ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (Express and PenFed. ) Tj ET Q q 0 0 0 rg BT 121.92 605.25 Td (These initiatives are designed to promote awareness of the or) Tj ET Q q 0 0 0 rg BT 366.38 605.25 Td (ganizations) Tj ET Q q 0 0 0 rg BT 414.51 605.25 Td ( car) Tj ET Q q 0 0 0 rg BT 429.01 605.25 Td (-buying programs among their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (memberships through a variety of media, including television, email, direct mail, website development, print, online advertising, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (Internet search engine marketing, Internet search engine optimization and social networking.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 569.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (Dealer engagement and industry relations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 545.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 533.25 Td (Our dealer sales force is responsible for supporting our network of ) Tj ET Q q 0 0 0 rg BT 340.35 533.25 Td (T) Tj ET Q q 0 0 0 rg BT 346.11 533.25 Td (rueCar Certified Dealers, optimizing our ) Tj ET Q q 0 0 0 rg BT 510.88 533.25 Td (T) Tj ET Q q 0 0 0 rg BT 516.63 533.25 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (Certified Dealer coverage across brands and geographies and for providing onboarding and dealer support. Our sales force helps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (dealers grow their businesses by regularly providing data-driven insights on inventory management and pricing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 497.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 485.25 Td (Our ability to understand the needs of, actively listen to, and collaborate with our network of ) Tj ET Q q 0 0 0 rg BT 445.05 485.25 Td (T) Tj ET Q q 0 0 0 rg BT 450.81 485.25 Td (rueCar Certified Dealers is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (crucial to our success. Many of our dealer sales force employees have worked at dealerships or OEMs. In response to feedback from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (our dealer network, in 2012 we formed an advisory panel of influential dealers to regularly meet with our senior management team to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (provide updates and opinions on how to improve our role in the car selling experience for dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 437.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.30 425.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 413.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.25 Td (The automotive retail industry is highly competitive and fragmented. Consumers use a variety of online and of) Tj ET Q q 0 0 0 rg BT 514.21 401.25 Td (fline sources to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (research vehicle information, obtain vehicle pricing information and identify dealers. In addition, dealers use a variety of marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (channels to promote themselves to consumers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 363.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 351.25 Td (Competition for consumer awareness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 339.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 327.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 327.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 327.25 Td (e compete to attract consumers directly to our ) Tj ET Q q 0 0 0 rg BT 265.95 327.25 Td (T) Tj ET Q q 0 0 0 rg BT 271.70 327.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 298.36 327.25 Td (.com website and mobile applications primarily on the basis of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 315.25 Td (quality of the consumer experience; the breadth, depth and accuracy of information; brand awareness and reputation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 303.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 291.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 291.25 Td (Our principal competitors for consumer awareness include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 267.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 267.25 Td (Internet search engines and online automotive sites such as Google, ) Tj ET Q q 0 0 0 rg BT 362.43 267.25 Td (AutoT) Tj ET Q q 0 0 0 rg BT 388.18 267.25 Td (rader) Tj ET Q q 0 0 0 rg BT 408.17 267.25 Td (.com, eBay Motors, ) Tj ET Q q 0 0 0 rg BT 489.27 267.25 Td (Autoweb.com ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 255.25 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 130.26 255.25 Td (Autobytel.com\), Edmunds.com, KBB.com, Car) Tj ET Q q 0 0 0 rg BT 320.34 255.25 Td (gurus.com and Cars.com;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 237.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 237.25 Td (sites operated by automobile manufacturers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 219.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 219.25 Td (providers of of) Tj ET Q q 0 0 0 rg BT 149.25 219.25 Td (fline, membership-based car) Tj ET Q q 0 0 0 rg BT 262.61 219.25 Td (-buying services, such as the Costco ) Tj ET Q q 0 0 0 rg BT 409.53 219.25 Td (Auto Program; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 201.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 201.25 Td (of) Tj ET Q q 0 0 0 rg BT 98.15 201.25 Td (fline automotive classified listings, such as trade periodicals and local newspapers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 183.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 171.25 Td (Competition for car dealer marketing spend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 159.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 147.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 147.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 147.25 Td (e compete for a share of car dealers) Tj ET Q q 0 0 0 rg BT 225.09 147.25 Td ( overall marketing expenditures within online and of) Tj ET Q q 0 0 0 rg BT 435.13 147.25 Td (fline media marketing channels. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 135.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 135.25 Td (e compete primarily on the basis of the transaction-readiness of our users; the ef) Tj ET Q q 0 0 0 rg BT 364.63 135.25 Td (ficiency of customer acquisition as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 123.25 Td (alternative methods; the accountability and measurability of our service; product features, analytics and tools; dealer support; and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 111.25 Td (size of our prospective car buyer audience. Other businesses also derive a majority of their revenue by of) Tj ET Q q 0 0 0 rg BT 455.66 111.25 Td (fering consumer marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 99.25 Td (services to dealers. ) Tj ET Q q 0 0 0 rg BT 114.12 99.25 Td (These companies include listings, information, lead generation and car) Tj ET Q q 0 0 0 rg BT 396.61 99.25 Td (-buying services, and compete with us for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 87.25 Td (dealer marketing spend.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 75.25 Td () Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (Our principal competitors for car dealer marketing spend include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 725.10 Td (online automotive content publishers such as Edmunds.com and KBB.com selling impression-based display advertising, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 713.10 Td (and online automotive classified listing sites such as ) Tj ET Q q 0 0 0 rg BT 301.08 713.10 Td (AutoT) Tj ET Q q 0 0 0 rg BT 326.84 713.10 Td (rader) Tj ET Q q 0 0 0 rg BT 346.82 713.10 Td (.com, Car) Tj ET Q q 0 0 0 rg BT 385.80 713.10 Td (gurus.com and Cars.com selling inventory-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 701.10 Td (based subscription billing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 683.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 683.10 Td (lead generators such as ) Tj ET Q q 0 0 0 rg BT 184.41 683.10 Td (Autoweb.com selling pay-per) Tj ET Q q 0 0 0 rg BT 302.79 683.10 Td (-lead advertising;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 665.10 Td (Internet search engines such as Google selling cost-per) Tj ET Q q 0 0 0 rg BT 309.45 665.10 Td (-click advertising; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 647.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.15 647.10 Td (fline media, including newspaper) Tj ET Q q 0 0 0 rg BT 231.04 647.10 Td (, outdoor advertising, radio, television and direct mail.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.70 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 287.45 611.10 Td (echnology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 593.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 581.10 Td (e have designed our technology platform, website and products to provide consumers, dealers and other parties with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (information they need to ef) Tj ET Q q 0 0 0 rg BT 144.67 569.10 Td (fect a successful car purchase. Consumers access this platform through the ) Tj ET Q q 0 0 0 rg BT 445.50 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 451.26 569.10 Td (rueCar branded website, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 557.10 Td (finity group marketing partner websites, and ) Tj ET Q q 0 0 0 rg BT 223.64 557.10 Td (T) Tj ET Q q 0 0 0 rg BT 229.39 557.10 Td (rueCar branded and af) Tj ET Q q 0 0 0 rg BT 318.33 557.10 Td (finity group mobile applications. Dealers access the platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (through the software tools available on our Dealer Portal. Supporting each of these user interfaces are advanced systems for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (processing and analyzing automotive data, including features such as vehicle configurators and predictive consumer behavior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (modeling, as well as our proprietary matching algorithm to compare our transaction-based data sources with our record of online users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (for processing and billing. ) Tj ET Q q 0 0 0 rg BT 143.30 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.94 509.10 Td (e use a combination of open source and licensed software running on optimized hardware.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 495.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 483.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 483.10 Td (e currently utilize cloud-based data processing and storage capabilities in connection with certain aspects of our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 471.10 Td (operations, while a portion of our data is housed in co-location facilities in Los ) Tj ET Q q 0 0 0 rg BT 353.43 471.10 Td (Angeles and Chicago. ) Tj ET Q q 0 0 0 rg BT 443.78 471.10 Td (W) Tj ET Q q 0 0 0 rg BT 452.42 471.10 Td (e have adopted a centralized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 459.10 Td (approach to quality assurance and testing for our technology platform and all products aimed at enhancing consumer and dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 447.10 Td (experiences while seeking to optimize availability) Tj ET Q q 0 0 0 rg BT 235.56 447.10 Td (, scalability) Tj ET Q q 0 0 0 rg BT 281.01 447.10 Td (, security and performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 435.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 423.10 Td (Intellectual Pr) Tj ET Q q 0 0 0 rg BT 322.69 423.10 Td (operty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 411.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 399.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 399.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 399.10 Td (e protect our intellectual property through a combination of patents, copyrights, trademarks, service marks, domain names, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 387.10 Td (trade secret laws, confidentiality procedures and contractual restrictions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 375.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 363.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 363.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 363.10 Td (, we had 32 U.S. issued patents, 38 pending U.S. patent applications, 7 issued foreign patents and 17 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 351.10 Td (pending foreign patent applications. ) Tj ET Q q 0 0 0 rg BT 182.17 351.10 Td (The issued and allowed patents begin expiring in 2029 through 2035. ) Tj ET Q q 0 0 0 rg BT 461.38 351.10 Td (W) Tj ET Q q 0 0 0 rg BT 470.02 351.10 Td (e intend to pursue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 339.10 Td (additional patent protection to the extent we believe it would be beneficial to our competitive position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 315.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 315.10 Td (e have a number of registered and unregistered trademarks. ) Tj ET Q q 0 0 0 rg BT 319.80 315.10 Td (W) Tj ET Q q 0 0 0 rg BT 328.44 315.10 Td (e registered T) Tj ET Q q 0 0 0 rg BT 387.49 315.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 414.30 315.10 Td (, the ) Tj ET Q q 0 0 0 rg BT 438.27 315.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.03 315.10 Td (rueCar logo, various ) Tj ET Q q 0 0 0 rg BT 528.27 315.10 Td (TRUE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 303.10 Td (marks and other marks as trademarks in the U.S. and several other jurisdictions. ) Tj ET Q q 0 0 0 rg BT 357.96 303.10 Td (W) Tj ET Q q 0 0 0 rg BT 366.60 303.10 Td (e also have filed trademark applications for ) Tj ET Q q 0 0 0 rg BT 541.81 303.10 Td (ALG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 291.10 Td (and others in the U.S. and other jurisdictions, and will pursue additional trademark registrations to the extent we believe it would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 279.10 Td (beneficial to our competitive position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 267.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 255.10 Td (In addition to the protection provided by our intellectual property rights, we enter into confidentiality and proprietary rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 243.10 Td (agreements with our employees, consultants, contractors and business partners. Our employees and contractors are also subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 231.10 Td (invention assignment agreements. ) Tj ET Q q 0 0 0 rg BT 174.12 231.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.76 231.10 Td (e further control the use of our proprietary technology and intellectual property through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 219.10 Td (provisions in both our general and product-specific terms of use on our website.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.90 195.10 Td (Regulatory Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 175.10 Td (V) Tj ET Q q 0 0 0 rg BT 78.11 175.10 Td (arious aspects of our business are or may be subject to U.S. federal and state regulation. In particular) Tj ET Q q 0 0 0 rg BT 480.36 175.10 Td (, the advertising and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 163.10 Td (sale of new or used motor vehicles is highly regulated by the states in which we do business. ) Tj ET Q q 0 0 0 rg BT 408.43 163.10 Td (Although we do not sell motor vehicles, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 151.10 Td (the dealers from which we derive a significant portion of our revenues do sell motor vehicles. Moreover) Tj ET Q q 0 0 0 rg BT 451.85 151.10 Td (, state regulatory authorities or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 139.10 Td (other third parties could take and, on some occasions, have taken the position that some of the regulations applicable to dealers or to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 127.10 Td (the manner in which motor vehicles are advertised and sold generally are directly applicable to our business model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 103.10 Td (In May 2015, we were named as a defendant in a lawsuit filed by the California New Car Dealers ) Tj ET Q q 0 0 0 rg BT 464.09 103.10 Td (Association in the Superior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 91.10 Td (Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 149.88 91.10 Td (Angeles \(the CNCDA) Tj ET Q q 0 0 0 rg BT 242.09 91.10 Td ( Litigation\). ) Tj ET Q q 0 0 0 rg BT 296.62 91.10 Td (The complaint sought declaratory and injunctive relief based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 79.10 Td (allegations that we were operating in the State of California as an unlicensed automobile dealer and autobroker) Tj ET Q q 0 0 0 rg BT 479.18 79.10 Td (. On July20, 2015, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 67.10 Td (filed a demurrer to the complaint, which is a pleading that requests the court to dismiss the case. On December7, 2015, the court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 55.10 Td (granted our demurrer in its entirety) Tj ET Q q 0 0 0 rg BT 175.58 55.10 Td (, but af) Tj ET Q q 0 0 0 rg BT 203.45 55.10 Td (forded the CNCDA) Tj ET Q q 0 0 0 rg BT 281.21 55.10 Td ( the opportunity to filea second amended complaint. ) Tj ET Q q 0 0 0 rg BT 494.31 55.10 Td (The CNCDA) Tj ET Q q 0 0 0 rg BT 546.81 55.10 Td ( filed a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 43.10 Td (second amended complaint on January4, 2016. ) Tj ET Q q 0 0 0 rg BT 228.27 43.10 Td (The second amended complaint reiterated the claims in the prior complaints and added ) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (claims under theories based on the federal Lanham ) Tj ET Q q 0 0 0 rg BT 241.48 749.10 Td (Act and California unfair competition law) Tj ET Q q 0 0 0 rg BT 408.83 749.10 Td (. On February 3, 2016, we filed a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (demurrer to the amended complaint. On March 30, 2016, the court granted in part and denied in part our demurrer to the second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (amended complaint, dismissing the Lanham ) Tj ET Q q 0 0 0 rg BT 214.30 725.10 Td (Act claim but declining to dismiss the balance of the claims at the demurrer stage of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (litigation. On May 31, 2016, based on certain intervening developments in state law) Tj ET Q q 0 0 0 rg BT 371.11 713.10 Td (, the court announced that it would reconsider its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (March 30, 2016 order) Tj ET Q q 0 0 0 rg BT 122.80 701.10 Td (, and it invited the parties to file new briefs on the demurrer issues. On July 15, 2016, the court heard oral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (ar) Tj ET Q q 0 0 0 rg BT 43.59 689.10 Td (gument on reconsideration of the demurrer issues. On July 25, 2016, the court granted in part and denied in part our demurrer to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (second amended complaint, just as it had done in its March 30, 2016 order) Tj ET Q q 0 0 0 rg BT 333.44 677.10 Td (. ) Tj ET Q q 0 0 0 rg BT 338.26 677.10 Td (The litigation was previously scheduled for trial in ) Tj ET Q q 0 0 0 rg BT 542.66 677.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (2017. On ) Tj ET Q q 0 0 0 rg BT 75.17 665.10 Td (April 3, 2017, the court indicated that the trial date would be postponed to a future date. On May 17, 2017, the court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (scheduled trial to begin on December 1) Tj ET Q q 0 0 0 rg BT 192.80 653.10 Td (1, 2017. Prior to the commencement of trial, the parties entered into settlement negotiations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (and on December 14, 2017, the parties entered into a binding Settlement ) Tj ET Q q 0 0 0 rg BT 327.59 641.10 Td (Agreement and Release \(the CNCDA) Tj ET Q q 0 0 0 rg BT 481.98 641.10 Td ( Settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (Agreement\) to fully resolve the litigation. Pursuant to the CNCDA) Tj ET Q q 0 0 0 rg BT 306.51 629.10 Td ( Settlement ) Tj ET Q q 0 0 0 rg BT 353.72 629.10 Td (Agreement, the litigation was dismissed with prejudice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (on December 21, 2017. In light of the resolution of this matter) Tj ET Q q 0 0 0 rg BT 284.71 617.10 Td (, we consider this matter to be resolved, but we cannot assure you that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (this matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 214.94 605.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.10 Td (In July 2015, we were named as a defendant in a lawsuit filed in the California Superior Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 540.22 581.10 Td (Angeles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (\(the Participating Dealer Litigation\). ) Tj ET Q q 0 0 0 rg BT 193.26 569.10 Td (The complaint, filed by numerous dealers participating on the ) Tj ET Q q 0 0 0 rg BT 442.45 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 448.20 569.10 Td (rueCar Platform, and as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (subsequently amended, sought declaratory and injunctive relief based on allegations that the Company is engaging in unfairly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (competitive practices and is operating as an unlicensed automobile dealer and autobroker in contravention of various state laws. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (September 29, 2015, the plaintif) Tj ET Q q 0 0 0 rg BT 164.68 533.10 Td (fs voluntarily dismissed this lawsuit without prejudice, which means that the Participating Dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (Litigation is currently resolved, although it could be re-filed at a later date. ) Tj ET Q q 0 0 0 rg BT 337.10 521.10 Td (There have been no further pleadings in this action.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 497.10 Td (In September 2015, we received a letter from the ) Tj ET Q q 0 0 0 rg BT 270.07 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.48 497.10 Td (exas Department of Motor ) Tj ET Q q 0 0 0 rg BT 383.60 497.10 Td (V) Tj ET Q q 0 0 0 rg BT 389.71 497.10 Td (ehicles \(the T) Tj ET Q q 0 0 0 rg BT 447.87 497.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 491.30 497.10 Td ( Notice\) asserting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (that certain aspects of our advertising in ) Tj ET Q q 0 0 0 rg BT 198.27 485.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.68 485.10 Td (exas constitute false, deceptive, unfair) Tj ET Q q 0 0 0 rg BT 355.99 485.10 Td (, or misleading advertising within the meaning of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 79.41 473.10 Td (T) Tj ET Q q 0 0 0 rg BT 84.82 473.10 Td (exas law) Tj ET Q q 0 0 0 rg BT 118.88 473.10 Td (. On September 24, 2015, we responded to the ) Tj ET Q q 0 0 0 rg BT 306.43 473.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.84 473.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 355.27 473.10 Td ( Notice in an ef) Tj ET Q q 0 0 0 rg BT 416.73 473.10 Td (fort to resolve the concerns raised by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.54 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.95 461.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 99.37 461.10 Td ( Notice without making material, unfavorable adjustments to our business practices or user experience in ) Tj ET Q q 0 0 0 rg BT 521.28 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 526.69 461.10 Td (exas. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (light of the fact that no further action has been taken with respect to this matter subsequent to our response to the ) Tj ET Q q 0 0 0 rg BT 489.58 449.10 Td (T) Tj ET Q q 0 0 0 rg BT 494.99 449.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 538.41 449.10 Td ( Notice, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (we consider the issues raised by the ) Tj ET Q q 0 0 0 rg BT 181.06 437.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.47 437.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 229.89 437.10 Td ( Notice to be informally resolved, but we cannot assure you that this matter or similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (matters will not reemer) Tj ET Q q 0 0 0 rg BT 128.84 425.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.10 Td (In December 2015, we were named as a defendant in a putative class action lawsuit filed by Gordon Rose in the California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (Superior Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 186.82 389.10 Td (Angeles. ) Tj ET Q q 0 0 0 rg BT 224.41 389.10 Td (The complaint asserts claims for unjust enrichment, violation of the California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (Consumer Legal Remedies ) Tj ET Q q 0 0 0 rg BT 146.25 377.10 Td (Act, and violation of the California Business and Professions Code, based in part on allegations that we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (operating in the State of California as an unlicensed automobile dealer and autobroker) Tj ET Q q 0 0 0 rg BT 379.77 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 384.59 365.10 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 431.34 365.10 Td (f seeks to represent a class of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (California consumers defined as [a]ll California consumers who purchased an automobile by using ) Tj ET Q q 0 0 0 rg BT 438.21 353.10 Td (T) Tj ET Q q 0 0 0 rg BT 443.96 353.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 470.77 353.10 Td (, Inc.) Tj ET Q q 0 0 0 rg BT 493.82 353.10 Td (s price certificate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (during the applicable statute of limitations. On January 12, 2016, the court entered an order staying all proceedings in the case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (pending an initial status conference, which was previously scheduled for ) Tj ET Q q 0 0 0 rg BT 328.42 329.10 Td (April 13, 2016. On March 16, 2016, the case was reassigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (to a dif) Tj ET Q q 0 0 0 rg BT 64.14 317.10 Td (ferent judge. ) Tj ET Q q 0 0 0 rg BT 116.63 317.10 Td (As a result of that reassignment, the initial status conference was rescheduled for and held on May 26, 2016. By ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (stipulation, the stay of discovery was continued until a second status conference, which was scheduled for October 12, 2016. On July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (13, 2016, the plaintif) Tj ET Q q 0 0 0 rg BT 119.42 293.10 Td (f amended his complaint. ) Tj ET Q q 0 0 0 rg BT 222.82 293.10 Td (The amended complaint continues to assert claims for unjust enrichment, violation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (the California Consumer Legal Remedies ) Tj ET Q q 0 0 0 rg BT 204.01 281.10 Td (Act, and violation of the California Business and Professions Code. ) Tj ET Q q 0 0 0 rg BT 476.57 281.10 Td (The amended complaint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (retains the same proposed class definition as the initial complaint. Like the initial complaint, the amended complaint seeks an award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (unspecified damages, punitive and exemplary damages, interest, disgor) Tj ET Q q 0 0 0 rg BT 320.73 257.10 Td (gement, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 479.93 257.10 Td ( fees. On September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (12, 2016, we filed a demurrer to the amended complaint. On October 12, 2016, the court heard oral ar) Tj ET Q q 0 0 0 rg BT 443.18 245.10 Td (gument on the demurrer) Tj ET Q q 0 0 0 rg BT 538.99 245.10 Td (. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (October 13, 2016, the court granted in part and denied in part our demurrer to the amended complaint, dismissing the unjust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (enrichment claim but declining to dismiss the balance of the claims at the demurrer stage of the litigation. ) Tj ET Q q 0 0 0 rg BT 460.60 221.10 Td (At a status conference held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (on January 26, 2017, the court ruled that discovery could then proceed regarding matters related to class certification only) Tj ET Q q 0 0 0 rg BT 522.96 209.10 Td (. ) Tj ET Q q 0 0 0 rg BT 527.41 209.10 Td (At a status ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (conference held on July 25, 2017, the court set a deadline of January 8, 2018 for the filing of the plaintif) Tj ET Q q 0 0 0 rg BT 452.64 197.10 Td (f) Tj ET Q q 0 0 0 rg BT 456.52 197.10 Td () Tj ET Q q 0 0 0 rg BT 459.30 197.10 Td (s motion for class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (certification and provided that discovery could continue to proceed regarding matters related to class certification only at that time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 89.24 173.10 Td (, the court extended to February 7, 2018 the deadline for the filing of plaintif) Tj ET Q q 0 0 0 rg BT 395.63 173.10 Td (f) Tj ET Q q 0 0 0 rg BT 399.52 173.10 Td () Tj ET Q q 0 0 0 rg BT 402.29 173.10 Td (s motion for class certification and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (completion of related discovery) Tj ET Q q 0 0 0 rg BT 162.25 161.10 Td (. On February 7, 2018, the plaintif) Tj ET Q q 0 0 0 rg BT 298.99 161.10 Td (f filed a motion for class certification. ) Tj ET Q q 0 0 0 rg BT 452.27 161.10 Td (A) Tj ET Q q 0 0 0 rg BT 458.94 161.10 Td ( hearing on the plaintif) Tj ET Q q 0 0 0 rg BT 549.84 161.10 Td (f) Tj ET Q q 0 0 0 rg BT 553.72 161.10 Td () Tj ET Q q 0 0 0 rg BT 556.50 161.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (class certification motion has been scheduled for May 25, 2018. ) Tj ET Q q 0 0 0 rg BT 294.08 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.72 149.10 Td (e believe the amended complaint is without merit and intend to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (vigorously defend ourselves in this matter) Tj ET Q q 0 0 0 rg BT 203.47 137.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 113.10 Td (In July 2016, we received a letter from the Mississippi Motor ) Tj ET Q q 0 0 0 rg BT 319.55 113.10 Td (V) Tj ET Q q 0 0 0 rg BT 325.66 113.10 Td (ehicle Commission \(the Mississippi MVC Letter\) asserting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (that an aspect of our advertising in Mississippi was not in compliance with a regulation adopted by the Mississippi Motor ) Tj ET Q q 0 0 0 rg BT 524.08 101.10 Td (V) Tj ET Q q 0 0 0 rg BT 530.19 101.10 Td (ehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (Commission. On July 19, 2016 we responded to the Mississippi MVC Letter in an ef) Tj ET Q q 0 0 0 rg BT 375.24 89.10 Td (fort to resolve the concerns raised by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (Mississippi MVC Letter without making material, unfavorable adjustments to our business practices or user experience in Mississippi. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (In light of the fact that no further action has been taken with respect to this matter subsequent to our response to the Mississippi MVC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (Letter) Tj ET Q q 0 0 0 rg BT 59.47 53.10 Td (, we consider the issues raised by the Mississippi MVC Letter to be informally resolved, but we cannot assure you that this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 197.99 41.10 Td (ge in the future.) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 737.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 737.10 Td (August 2016, we met with investigators from the California Department of Motor ) Tj ET Q q 0 0 0 rg BT 411.76 737.10 Td (V) Tj ET Q q 0 0 0 rg BT 417.87 737.10 Td (ehicles \(the California DMV\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (regarding an allegation made by a dealer that we were operating as an unlicensed automobile auction in California \(the Unlicensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 70.17 713.10 Td (Allegation\). ) Tj ET Q q 0 0 0 rg BT 124.96 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.60 713.10 Td (e provided the investigators with information about our business in an ef) Tj ET Q q 0 0 0 rg BT 423.64 713.10 Td (fort to resolve the concerns raised by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (the Unlicensed ) Tj ET Q q 0 0 0 rg BT 97.65 701.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 131.82 701.10 Td (Allegation. In October 2016, we were informally advised by an investigator for the California DMV) Tj ET Q q 0 0 0 rg BT 532.64 701.10 Td ( that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (concerns raised by the Unlicensed ) Tj ET Q q 0 0 0 rg BT 174.56 689.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 208.73 689.10 Td (Allegation had been resolved, but that the investigators would continue to evaluate our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (responses regarding certain matters related to the advertising of new motor vehicles. ) Tj ET Q q 0 0 0 rg BT 375.42 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.06 677.10 Td (e cannot assure you that this matter or similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (matters will not reemer) Tj ET Q q 0 0 0 rg BT 128.84 665.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.10 Td (In March 2017, we received an investigatory subpoena from the Consumer Protection Of) Tj ET Q q 0 0 0 rg BT 428.11 641.10 Td (fice of the ) Tj ET Q q 0 0 0 rg BT 470.59 641.10 Td (Attorney General of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (State of Ohio issued pursuant to the Ohio Consumer Sales Practices ) Tj ET Q q 0 0 0 rg BT 309.02 629.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 328.28 629.10 Td (The investigatory subpoena requested certain information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (related to online content displayed by us related to vehicles listed for sale by ) Tj ET Q q 0 0 0 rg BT 344.06 617.10 Td (T) Tj ET Q q 0 0 0 rg BT 349.82 617.10 Td (rueCar Certified Dealers in Ohio. On ) Tj ET Q q 0 0 0 rg BT 500.05 617.10 Td (April 18, 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (responded to the investigatory subpoena and supplied the information sought by it. In light of the fact that no further action has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (taken with respect to this matter subsequent to our response to the investigatory subpoena, we consider this matter to be resolved, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (we cannot assure you that this matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 320.74 581.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (In June 2017, we were named as a defendant in a putative class action lawsuit filed by Kip Haas in the U.S. District Court for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (the Central District of California \(the Federal Consumer Class ) Tj ET Q q 0 0 0 rg BT 291.21 545.10 Td (Action\). ) Tj ET Q q 0 0 0 rg BT 331.02 545.10 Td (The complaint asserted claims for violation of the California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (Business and Professions Code, based principally on allegations of false and misleading advertising and unfair business practices. ) Tj ET Q q 0 0 0 rg BT 557.65 533.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (complaint sought an award of unspecified damages, interest, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 405.14 521.10 Td ( fees. In the complaint, the plaintif) Tj ET Q q 0 0 0 rg BT 542.69 521.10 Td (f sought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (to represent a class of consumers defined as [a]ll consumers who, between the applicable statute of limitations and the present, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (obtained a ) Tj ET Q q 0 0 0 rg BT 79.69 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 85.45 497.10 Td (rueCar guaranteed) Tj ET Q q 0 0 0 rg BT 164.94 497.10 Td ( price and [a]ll consumers, who, between the applicable statute of limitations and the present, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (obtained a ) Tj ET Q q 0 0 0 rg BT 79.69 485.10 Td (T) Tj ET Q q 0 0 0 rg BT 85.45 485.10 Td (rueCar guaranteed) Tj ET Q q 0 0 0 rg BT 164.94 485.10 Td ( price pertaining to a vehicle located at Riverside Mazda. On or around October 23, 2017, the parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (reached an agreement in principle to settle this matter on an individual \(non-classwide\) basis in exchange for the payment of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (immaterial amount to Mr) Tj ET Q q 0 0 0 rg BT 136.26 461.10 Td (. Haas. On November 27, 2017, the parties entered into a binding Confidential Settlement ) Tj ET Q q 0 0 0 rg BT 496.73 461.10 Td (Agreement and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (Mutual Release \(the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 190.67 449.10 Td (Agreement\) on the same financial terms agreed to in principle on October 23, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 77.23 437.10 Td (, we fully satisfied the financial terms of the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 323.27 437.10 Td (Agreement, and pursuant to the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 518.77 437.10 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (the litigation was dismissed with prejudice on December 1, 2017. In light of the full resolution of this matter pursuant to the Haas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 80.72 413.10 Td (Agreement, we consider this matter to be resolved, but we cannot assure you that this matter or similar matters will not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (reemer) Tj ET Q q 0 0 0 rg BT 63.57 401.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 377.10 Td (In order to operate in this highly regulated environment, we have developed our products and services with a view toward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (appropriately managing the risk that our regulatory compliance or the regulatory compliance of the dealers in our dealer network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (could be challenged. If, and to the extent that, our products and services fail to satisfy relevant regulatory requirements, our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (or our ) Tj ET Q q 0 0 0 rg BT 62.48 341.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.24 341.10 Td (rueCar Certified Dealers could be subject to significant civil and criminal penalties, including fines, or the award of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (damages in class action or other civil litigation, as well as orders interfering with our ability to continue providing our products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (services in certain states.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 293.10 Td (Given the regulatory environment in which we and our participating dealers operate, in designing our products and services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (we have focused considerable attention on two areas of state regulation: state advertising regulations and state brokering or bird-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (dogging regulations. ) Tj ET Q q 0 0 0 rg BT 124.97 269.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.01 269.10 Td (ith respect to advertising, we believe that most of the content displayed on the websites we operate does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (constitute advertising for the sale of new motor vehicles. Nevertheless, we endeavor to design the content such that it would comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (insofar as practicable with state advertising regulations if and to the extent that the content is considered to be new vehicle sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 85.25 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.29 233.10 Td (ith respect to state brokering or bird-dogging regulations, we have designed our products and services in a manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (that aims to avoid the applicability of those regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 197.10 Td (Our ef) Tj ET Q q 0 0 0 rg BT 97.64 197.10 Td (forts to design products and services in a manner that appropriately manages the regulatory compliance risk for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (business and our participating dealers are complicated by the fact that the related automotive sales and marketing laws vary from state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (to state, and even within a given state, are frequently susceptible to multiple interpretations. ) Tj ET Q q 0 0 0 rg BT 404.88 173.10 Td (These laws were generally developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (decades before the emer) Tj ET Q q 0 0 0 rg BT 132.70 161.10 Td (gence of the Internet, are subject to significant revision or modification, and the manner in which they should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (be applied to our business model is frequently open to question. ) Tj ET Q q 0 0 0 rg BT 293.18 149.10 Td (As a practical matter) Tj ET Q q 0 0 0 rg BT 375.79 149.10 Td (, state automobile dealer associations often have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (considerable influence over the construction of these laws by the relevant state regulatory authorities. ) Tj ET Q q 0 0 0 rg BT 443.36 137.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 492.69 137.10 Td (, in addition to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (dialogues with relevant state agencies, we interface on a regular basis with representatives from automobile dealer associations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (order to take their views into account as we continually update our products and services. ) Tj ET Q q 0 0 0 rg BT 395.71 113.10 Td (The specific manner in which we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (designed our products and services in an ef) Tj ET Q q 0 0 0 rg BT 208.27 101.10 Td (fort to manage state regulatory compliance concerns for us and our network of ) Tj ET Q q 0 0 0 rg BT 524.36 101.10 Td (T) Tj ET Q q 0 0 0 rg BT 530.12 101.10 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (Certified Dealers is the result of extensive analysis, which has required the investment of substantial resources that we believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (represents a valuable asset of our business. However) Tj ET Q q 0 0 0 rg BT 246.09 77.10 Td (, we cannot assure you that we will be able to successfully comply with current or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (future regulations to which our business may be subject.) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 24.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 24.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.90 749.25 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 732.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 720.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 720.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 720.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 720.25 Td (, we had 686 full-time employees at locations in Santa Monica, ) Tj ET Q q 0 0 0 rg BT 417.75 720.25 Td (Austin, Denver and San Francisco as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 708.25 Td (well as field employees in other locations throughout the United States. ) Tj ET Q q 0 0 0 rg BT 324.09 708.25 Td (W) Tj ET Q q 0 0 0 rg BT 332.73 708.25 Td (e also engage a number of temporary employees and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 696.25 Td (consultants to support our operations. None of our employees are represented by a labor union or subject to a collective bar) Tj ET Q q 0 0 0 rg BT 528.72 696.25 Td (gaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 684.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 82.46 684.25 Td (W) Tj ET Q q 0 0 0 rg BT 91.10 684.25 Td (e have not experienced any work stoppages, and we consider our relations with our employees to be good.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 672.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.40 655.25 Td (Corporate Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 638.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 626.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 626.25 Td (e were incorporated in Delaware in February 2005 under our then corporate name Zag.com Inc. and began business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 614.25 Td (operations in ) Tj ET Q q 0 0 0 rg BT 89.88 614.25 Td (April 2005. ) Tj ET Q q 0 0 0 rg BT 138.31 614.25 Td (W) Tj ET Q q 0 0 0 rg BT 146.95 614.25 Td (e completed our initial public of) Tj ET Q q 0 0 0 rg BT 275.34 614.25 Td (fering in May 2014 and our common stock is listed on ) Tj ET Q q 0 0 0 rg BT 494.85 614.25 Td (The NASDAQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 602.25 Td (Global Select Market under the symbol TRUE.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 590.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.70 578.25 Td (A) Tj ET Q q 0 0 0 rg BT 265.18 578.25 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 566.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 554.25 Td (Our internet address is www) Tj ET Q q 0 0 0 rg BT 185.77 554.25 Td (.true.com. Our investor relations website is located at http://ir) Tj ET Q q 0 0 0 rg BT 430.99 554.25 Td (.true.com/. ) Tj ET Q q 0 0 0 rg BT 476.35 554.25 Td (W) Tj ET Q q 0 0 0 rg BT 484.99 554.25 Td (e make our Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 542.25 Td (and Exchange Commission \(SEC\) periodic reports \(Forms 10-Q and Forms 10-K\) and current reports \(Forms 8-K\), and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 530.25 Td (amendments to these reports, available free of char) Tj ET Q q 0 0 0 rg BT 239.62 530.25 Td (ge through our website as soon as reasonably practicable after they are filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 518.25 Td (electronically with the SEC. ) Tj ET Q q 0 0 0 rg BT 151.07 518.25 Td (W) Tj ET Q q 0 0 0 rg BT 159.71 518.25 Td (e may from time to time provide important disclosures to investors by posting them in the investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 506.25 Td (relations section of our website, as allowed by SEC rules.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 494.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 482.25 Td (Materials we file with the SEC may be read and copied at the SEC) Tj ET Q q 0 0 0 rg BT 341.09 482.25 Td (s Public Reference Room at 100 F Street, N.E., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 470.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 470.25 Td (ashington, D.C. 20549. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.25 Td (SEC-0330. ) Tj ET Q q 0 0 0 rg BT 82.49 458.25 Td (The SEC also maintains an Internet website at www) Tj ET Q q 0 0 0 rg BT 290.68 458.25 Td (.sec.gov that contains reports, proxy and information statements, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 446.25 Td (other information regarding our company that we file electronically with the SEC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 434.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 410.25 Td (Item 1A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.71 410.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 410.25 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.16 410.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 398.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 386.25 Td (Investing in our common stock involves a high degr) Tj ET Q q 0 0 0 rg BT 278.25 386.25 Td (ee of risk. Y) Tj ET Q q 0 0 0 rg BT 324.55 386.25 Td (ou should consider car) Tj ET Q q 0 0 0 rg BT 416.12 386.25 Td (efully the risks and uncertainties ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 374.25 Td (described below) Tj ET Q q 0 0 0 rg BT 100.52 374.25 Td (, together with all of the other information in this r) Tj ET Q q 0 0 0 rg BT 303.21 374.25 Td (eport, including our consolidated financial statements and r) Tj ET Q q 0 0 0 rg BT 543.37 374.25 Td (elated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 362.25 Td (notes, and PartII, Item7, Management) Tj ET Q q 0 0 0 rg BT 201.63 362.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 271.73 362.25 Td (Analysis of Financial Condition and Results of Operations befor) Tj ET Q q 0 0 0 rg BT 535.24 362.25 Td (e making ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 350.25 Td (an investment in our common stock. If any of the following risks is r) Tj ET Q q 0 0 0 rg BT 307.27 350.25 Td (ealized, our business, financial condition, operating r) Tj ET Q q 0 0 0 rg BT 521.61 350.25 Td (esults and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 338.25 Td (pr) Tj ET Q q 0 0 0 rg BT 44.52 338.25 Td (ospects could be materially and adversely affected. In that event, the trading price of our common stock could decline and you could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 326.25 Td (lose part or all of your investment. ) Tj ET Q q 0 0 0 rg BT 176.92 326.25 Td (Additional risks and uncertainties not pr) Tj ET Q q 0 0 0 rg BT 339.04 326.25 Td (esently known to us or not believed by us to be material ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 314.25 Td (could also impact us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.45 290.25 Td (Risks Related to Our) Tj ET Q q 0 0 0 rg BT 294.99 290.25 Td ( Business and Industry) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 266.25 Td (The growth of our business relies significantly on our ability to grow and optimize the geographic coverage of dealers in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 254.25 Td (our network of T) Tj ET Q q 0 0 0 rg BT 105.36 254.25 Td (rueCar Certified Dealers and increase the representation of high volume brands in our network, such that we ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 242.25 Td (are able to increase the number of transactions between our users and T) Tj ET Q q 0 0 0 rg BT 333.43 242.25 Td (rueCar Certified Dealers. Failure to do so would limit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 230.25 Td (our growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 206.25 Td (Some automotive brands consistently achieve higher than average sales volume per dealer) Tj ET Q q 0 0 0 rg BT 432.16 206.25 Td (. ) Tj ET Q q 0 0 0 rg BT 436.60 206.25 Td (As a consequence, dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 194.25 Td (representing those brands make a disproportionately greater contribution to our unit volume. Our ability to grow and to optimize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 182.25 Td (the geographic coverage of dealers in our network of ) Tj ET Q q 0 0 0 rg BT 249.90 182.25 Td (T) Tj ET Q q 0 0 0 rg BT 255.65 182.25 Td (rueCar Certified Dealers, increase the number of dealers representing high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 170.25 Td (volume brands and grow the overall number of dealers in our network is an important factor in growing our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 146.25 Td (As described elsewhere in this Risk Factors section, we are a relatively new participant in the automobile retail industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 134.25 Td (and our business has sometimes been viewed in a negative light by car dealerships. ) Tj ET Q q 0 0 0 rg BT 370.08 134.25 Td (Although we have taken steps intended to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 122.25 Td (improve our relationships with, and image among, car dealerships, including the commitments made in our pledge to dealers, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 110.25 Td (can be no assurance that our ef) Tj ET Q q 0 0 0 rg BT 159.10 110.25 Td (forts will be successful. ) Tj ET Q q 0 0 0 rg BT 255.84 110.25 Td (W) Tj ET Q q 0 0 0 rg BT 264.48 110.25 Td (e may be unable to maintain or grow the number of car dealers in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 98.25 Td (network, in a geographically optimized manner or at all, or increase the proportion of dealers in our network representing high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 86.25 Td (volume brands. During the second half of 2015, we experienced both a decline in the proportion of such high volume dealers in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 74.25 Td (network and slowed quarter) Tj ET Q q 0 0 0 rg BT 147.15 74.25 Td (-over) Tj ET Q q 0 0 0 rg BT 168.05 74.25 Td (-quarter revenue growth. If we experience a similar decline in the future it could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 62.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 76.63 62.25 Td (fect on our business, growth, financial condition, results of operations and cash flows.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (In addition, our ability to increase the number of ) Tj ET Q q 0 0 0 rg BT 268.43 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 274.19 742.10 Td (rueCar Certified Dealers in an optimized manner depends on strong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (relationships with other constituents, including car manufacturers and state dealership associations. From time to time, car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (manufacturers have communicated concerns about our business to the dealers in our network. For example, some car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (manufacturers maintain guidelines that prohibit dealers from advertising a car at a price that is below an established floor) Tj ET Q q 0 0 0 rg BT 520.28 706.10 Td (. If a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 694.10 Td (rueCar Certified Dealer submits pricing information to our users that falls below pricing guidelines established by the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 88.90 682.10 Td (, the manufacturer may discourage that dealer from remaining in the network and may discourage other dealers within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (its brand from joining the network. For example, in late 201) Tj ET Q q 0 0 0 rg BT 275.58 670.10 Td (1, Honda publicly announced that it would not provide advertising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (allowances to dealers that remained in our network of ) Tj ET Q q 0 0 0 rg BT 253.24 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 259.00 658.10 Td (rueCar Certified Dealers. ) Tj ET Q q 0 0 0 rg BT 362.10 658.10 Td (While we subsequently addressed Honda) Tj ET Q q 0 0 0 rg BT 529.28 658.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (concerns and it ceased withholding advertising allowances from our ) Tj ET Q q 0 0 0 rg BT 310.46 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 316.21 646.10 Td (rueCar Certified Dealers, discord with specific car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (manufacturers impedes our ability to grow our dealer network. More recently) Tj ET Q q 0 0 0 rg BT 344.96 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.78 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 355.19 634.10 Td (oyota and Nissan modified their marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (covenants to include guidelines on minimum allowable advertised pricing in January 2016 and January 2017, respectively) Tj ET Q q 0 0 0 rg BT 523.56 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 528.38 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 537.02 622.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (have implemented certain changes designed to accommodate these guidelines; however it is unclear whether we will ultimately be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (able to do so without making material, unfavorable adjustments to our business practices or user experience. If we are unable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (successfully accommodate these guidelines without making material, unfavorable adjustments to our business practices or user ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (experience, it could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 221.27 574.10 Td (fect on our business, growth, financial condition, results of operations and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 538.10 Td (In addition, state dealership associations maintain significant influence over the dealerships in their state as lobbying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (groups and as thought leaders. ) Tj ET Q q 0 0 0 rg BT 159.68 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 165.09 526.10 Td (o the extent that these associations view us in a negative light, our reputation with car dealers in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (the corresponding state may be negatively af) Tj ET Q q 0 0 0 rg BT 214.64 514.10 Td (fected. If our relationships with car manufacturers or state dealership associations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (suf) Tj ET Q q 0 0 0 rg BT 48.04 502.10 Td (fer) Tj ET Q q 0 0 0 rg BT 58.74 502.10 Td (, our ability to maintain and grow the number of car dealers in our network will be harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 478.10 Td (e cannot assure you that we will expand our network of ) Tj ET Q q 0 0 0 rg BT 304.56 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 310.32 478.10 Td (rueCar Certified Dealers in a manner that provides a suf) Tj ET Q q 0 0 0 rg BT 534.22 478.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (number of dealers by brand and geography for our unique visitors and failure to do so would limit our growth.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 442.10 Td (If key industry participants, including car dealers and automobile manufacturers, perceive us in a negative light or our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (relationships with them suf) Tj ET Q q 0 0 0 rg BT 147.80 430.10 Td (fer harm, our ability to grow and our financial performance may be damaged.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (Our primary source of revenue consists of fees paid by ) Tj ET Q q 0 0 0 rg BT 293.42 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 299.17 406.10 Td (rueCar Certified Dealers to us in connection with the sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (automobiles to our users. In addition, our value proposition to consumers depends on our ability to provide pricing information on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (automobiles from a suf) Tj ET Q q 0 0 0 rg BT 128.30 382.10 Td (ficient number of automobile dealers by brand and in a given consumer) Tj ET Q q 0 0 0 rg BT 414.41 382.10 Td () Tj ET Q q 0 0 0 rg BT 417.19 382.10 Td (s geographic area. If our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (relationships with our network of ) Tj ET Q q 0 0 0 rg BT 171.63 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 177.39 370.10 Td (rueCar Certified Dealers suf) Tj ET Q q 0 0 0 rg BT 290.21 370.10 Td (fer harm in a manner that leads to the departure of these dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (from our network, then our revenue and ability to maintain and grow unique visitor traf) Tj ET Q q 0 0 0 rg BT 385.45 358.10 Td (fic will be adversely af) Tj ET Q q 0 0 0 rg BT 476.89 358.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (At the end of 201) Tj ET Q q 0 0 0 rg BT 141.61 334.10 Td (1 and the beginning of 2012, due to certain regulatory and publicity-related challenges, many dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (canceled their agreements with us and our franchise dealer count fell from 5,571 at November 30, 201) Tj ET Q q 0 0 0 rg BT 444.37 322.10 Td (1 to 3,599 at February 28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (2012. More recently) Tj ET Q q 0 0 0 rg BT 116.71 310.10 Td (, 279 franchise dealers became inactive as the result of a contractual dispute with a lar) Tj ET Q q 0 0 0 rg BT 460.28 310.10 Td (ge dealer group, and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (franchise dealer count decreased from 9,300 at June 30, 2015 to 8,702 at September30, 2015. ) Tj ET Q q 0 0 0 rg BT 413.39 298.10 Td (At December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.48 298.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.48 298.10 Td ( our franchise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (dealer count was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.69 286.10 Td (12,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.19 286.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.76 262.10 Td (rueCar Certified Dealers have no contractual obligation to maintain their relationship with us. ) Tj ET Q q 0 0 0 rg BT 454.31 262.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 503.65 262.10 Td (, these dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (may leave our network at any time or may develop or use other products or services in lieu of ours. Further) Tj ET Q q 0 0 0 rg BT 464.09 250.10 Td (, while we believe that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (our service provides a lower cost, accountable customer acquisition channel, dealers may have dif) Tj ET Q q 0 0 0 rg BT 427.62 238.10 Td (ficulty rationalizing their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (marketing spend across ) Tj ET Q q 0 0 0 rg BT 132.18 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 137.94 226.10 Td (rueCar and other channels, which potentially has the ef) Tj ET Q q 0 0 0 rg BT 357.96 226.10 Td (fect of diluting our dealer value proposition. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (are unable to create and maintain a compelling value proposition for dealers to become and remain ) Tj ET Q q 0 0 0 rg BT 433.44 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 439.20 214.10 Td (rueCar Certified Dealers, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (dealer network would not grow and could decline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.10 Td (In addition, although the automobile dealership industry is fragmented, a small number of groups have significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (influence over the industry) Tj ET Q q 0 0 0 rg BT 142.82 166.10 Td (. ) Tj ET Q q 0 0 0 rg BT 147.64 166.10 Td (These groups include state and national dealership associations, state regulators, car manufacturers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (consumer groups, individual dealers and consolidated dealer groups. ) Tj ET Q q 0 0 0 rg BT 312.41 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.82 154.10 Td (o the extent that these groups believe that automobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (dealerships should not do business with us, this belief may become quickly and widely shared by automobile dealerships and we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (may lose a significant number of dealers in our network. In May 2015, the California New Car Dealers ) Tj ET Q q 0 0 0 rg BT 449.77 130.10 Td (Association filed a lawsuit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (alleging that we are operating in the State of California as an unlicensed automobile dealer and autobroker) Tj ET Q q 0 0 0 rg BT 460.85 118.10 Td (. For more information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (concerningthis lawsuit, refer to the risk factor below: W) Tj ET Q q 0 0 0 rg BT 266.23 106.10 Td (e face litigation and are party to legal proceedings that could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 111.88 94.10 Td (fect on our business, financial condition, results of operations and cash flows. ) Tj ET Q q 0 0 0 rg BT 428.75 94.10 Td (A) Tj ET Q q 0 0 0 rg BT 435.42 94.10 Td ( significant number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (automobile dealerships are also members of lar) Tj ET Q q 0 0 0 rg BT 224.64 82.10 Td (ger dealer groups, and to the extent that a group decides to leave our network, this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (decision would typically apply to all dealerships within the group.) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (Furthermore, automobile manufacturers may provide their franchise dealers with financial or other marketing support, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (provided that such dealers adhere to certain marketing guidelines. ) Tj ET Q q 0 0 0 rg BT 300.91 730.10 Td (Automobile manufacturers may determine that the manner in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (which certain of their franchise dealers use our platform is inconsistent with the terms of such marketing guidelines, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (determination could result in potential or actual loss of the manufacturers) Tj ET Q q 0 0 0 rg BT 331.83 706.10 Td ( financial or other marketing support to the dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (whose use of the platform is deemed objectionable. ) Tj ET Q q 0 0 0 rg BT 243.81 694.10 Td (The potential or actual loss of such marketing support may cause such dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (to cease being members of our ) Tj ET Q q 0 0 0 rg BT 160.78 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 166.53 682.10 Td (rueCar Certified Dealer network, which may adversely af) Tj ET Q q 0 0 0 rg BT 396.25 682.10 Td (fect our ability to maintain or grow the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (number and productivity of dealers in our network or the revenue derived from those dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 646.10 Td (e cannot assure you that we will maintain strong relationships with the dealers in our network of ) Tj ET Q q 0 0 0 rg BT 467.86 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 473.62 646.10 Td (rueCar Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (Dealers or that we will not suf) Tj ET Q q 0 0 0 rg BT 156.90 634.10 Td (fer dealer attrition in the future. ) Tj ET Q q 0 0 0 rg BT 285.27 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.91 634.10 Td (e may also have disputes with dealers from time to time, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (relating to the collection of fees from them and other matters. ) Tj ET Q q 0 0 0 rg BT 284.07 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 292.70 622.10 Td (e may need to modify our products, change pricing or take other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (actions to address dealer concerns in the future. If a significant number of these automobile dealerships decided to leave our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (network or change their financial or business relationship with us, then our business, growth, operating results, financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (and prospects would suf) Tj ET Q q 0 0 0 rg BT 132.75 586.10 Td (fer) Tj ET Q q 0 0 0 rg BT 143.29 586.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 562.10 Td (If we are unable to provide a compelling car-buying experience to our users, the number of transactions between our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (users and T) Tj ET Q q 0 0 0 rg BT 83.97 550.10 Td (rueCar Certified Dealers will decline and our revenue and results of operations will suf) Tj ET Q q 0 0 0 rg BT 442.98 550.10 Td (fer harm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.10 Td (The user experience on our company-branded platform on the ) Tj ET Q q 0 0 0 rg BT 322.00 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 327.76 526.10 Td (rueCar website has evolved since its launch in 2010, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (has not changed dramatically) Tj ET Q q 0 0 0 rg BT 152.25 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.07 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 165.71 514.10 Td (e cannot assure you that we are able to provide a compelling car) Tj ET Q q 0 0 0 rg BT 422.07 514.10 Td (-buying experience to our users, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (and our failure to do so could mean that the number of transactions between our users and ) Tj ET Q q 0 0 0 rg BT 398.21 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 403.97 502.10 Td (rueCar Certified Dealers may decline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (and we would be unable to ef) Tj ET Q q 0 0 0 rg BT 153.56 490.10 Td (fectively monetize our user traf) Tj ET Q q 0 0 0 rg BT 278.88 490.10 Td (fic. ) Tj ET Q q 0 0 0 rg BT 294.24 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.88 490.10 Td (e believe that our ability to provide a compelling car) Tj ET Q q 0 0 0 rg BT 512.33 490.10 Td (-buying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (experience is subject to a number of factors, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (our ability to launch new products that are ef) Tj ET Q q 0 0 0 rg BT 251.20 454.10 Td (fective and have a high degree of consumer engagement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (our ability to constantly innovate and improve our existing products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (compliance of the dealers within our network of ) Tj ET Q q 0 0 0 rg BT 266.76 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 272.51 406.10 Td (rueCar Certified Dealers with applicable laws, regulations and the rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 394.10 Td (of our platform, including honoring the ) Tj ET Q q 0 0 0 rg BT 231.51 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 237.27 394.10 Td (rueCar certificates submitted by our users; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 370.10 Td (our access to a suf) Tj ET Q q 0 0 0 rg BT 145.13 370.10 Td (ficient amount of data to enable us to provide relevant pricing information to consumers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 346.10 Td (Changes to management, including turnover of our top executives, or an inability to retain, attract and integrate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (qualified personnel, could harm our ability to develop and successfully grow our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 310.10 Td (e believe our success has depended, and continues to depend, on the ef) Tj ET Q q 0 0 0 rg BT 363.14 310.10 Td (forts and talents of our executives and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (employees. Our future success depends on our continuing ability to attract, develop, motivate and retain highly qualified and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (skilled employees. Qualified individuals are in high demand, and we may incur significant costs to attract and retain them. In order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (to attract and retain executives and other key employees in a competitive marketplace, we must provide competitive compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (packages, including cash and stock-based compensation. Our primary forms of stock-based incentive awards are stock options and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (restricted stock units. If the anticipated value of such stock-based incentive awards does not materialize, if our stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (compensation otherwise ceases to be viewed as a valuable benefit, or if our total compensation package is not viewed as being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (competitive, our ability to attract, retain and motivate executives and key employees could be weakened.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.10 Td (The loss of any of our senior management or key employees could materially adversely af) Tj ET Q q 0 0 0 rg BT 432.25 202.10 Td (fect our ability to execute our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (business plan and strategy) Tj ET Q q 0 0 0 rg BT 140.05 190.10 Td (, and we may not be able to find adequate replacements on a timely basis, or at all. Our executive of) Tj ET Q q 0 0 0 rg BT 539.45 190.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (and other employees are at-will employees, which means they may terminate their employment relationship with us at any time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (and their knowledge of our business and industry would be extremely dif) Tj ET Q q 0 0 0 rg BT 328.26 166.10 Td (ficult to replace. In the second half of 2015, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (experienced increased turnover in key executive positions, including our chief executive of) Tj ET Q q 0 0 0 rg BT 400.13 154.10 Td (ficer and president. In January 2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (our chief financial of) Tj ET Q q 0 0 0 rg BT 119.95 142.10 Td (ficer resigned, and our chief accounting of) Tj ET Q q 0 0 0 rg BT 289.41 142.10 Td (ficer is currently serving as interim chief financial of) Tj ET Q q 0 0 0 rg BT 500.26 142.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 518.02 142.10 Td (. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (current executives may view the business dif) Tj ET Q q 0 0 0 rg BT 215.21 130.10 Td (ferently than prior members of management, and over time may make changes to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (strategic focus, operations or business plans with corresponding changes in how we report our results of operations. ) Tj ET Q q 0 0 0 rg BT 500.99 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.63 118.10 Td (e can make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (no assurances that our current executiveswill be able to properly manage any such shift in focusor that anychangesto our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (business would ultimately prove successful. ) Tj ET Q q 0 0 0 rg BT 214.13 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.76 94.10 Td (e cannot ensure that we will be able to retain the services of any members of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (senior management or other key employees. If we do not succeed in attracting well-qualified employees, retaining and motivating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (existing employees or integrating new executives and employees, our business could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 497.90 70.10 Td (fected.) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 742.25 Td (Our growth in recent years may not be indicative of our future growth and, we may not be able to manage future growth ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 730.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 730.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 77.07 730.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.25 Td (Our revenue grew from $38.1 million in 2010 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.07 706.25 Td ($323.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.97 706.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.74 706.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.74 706.25 Td (. However) Tj ET Q q 0 0 0 rg BT 400.99 706.25 Td (, we expect that in the future, as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.25 Td (revenue increases, our rate of growth may decline.In addition, we may not be able to grow as fast or at all if we do not accomplish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.25 Td (the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.25 Td (expand our dealer network in a geographically optimized manner) Tj ET Q q 0 0 0 rg BT 332.61 658.25 Td (, including increasing dealers in our network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.25 Td (representing high volume brands;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 622.25 Td (increase the number of transactions between our users and ) Tj ET Q q 0 0 0 rg BT 307.57 622.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.32 622.25 Td (rueCar Certified Dealers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 598.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 598.25 Td (successfully increase dealer subscription rates, and manage dealer churn, as the number of dealers on subscription billing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.25 Td (arrangements increases relative to those on a pay-per) Tj ET Q q 0 0 0 rg BT 283.65 586.25 Td (-sale billing model and, as a result, our revenue and revenue growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 574.25 Td (potential become more subscription-based;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 550.25 Td (successfully grow the revenue we derive from car manufacturer incentive programs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.25 Td (successfully transition and scale our automotive trade-in program from a pilot to a nationwide of) Tj ET Q q 0 0 0 rg BT 458.38 526.25 Td (fering;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.25 Td (successfully complete our technology replatforming project, which we believe will enable us to launch new products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 490.25 Td (of) Tj ET Q q 0 0 0 rg BT 80.15 490.25 Td (ferings in the future;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 466.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 466.25 Td (maintain and grow our af) Tj ET Q q 0 0 0 rg BT 172.90 466.25 Td (finity group marketing partner relationships and increase the productivity of our current af) Tj ET Q q 0 0 0 rg BT 533.71 466.25 Td (finity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.25 Td (group marketing partners;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.25 Td (increase the number of users of our products and services, and in particular the number of unique visitors to the ) Tj ET Q q 0 0 0 rg BT 519.74 430.25 Td (T) Tj ET Q q 0 0 0 rg BT 525.50 430.25 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 418.25 Td (website and our ) Tj ET Q q 0 0 0 rg BT 137.63 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 143.39 418.25 Td (rueCar branded mobile applications;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 394.25 Td (further improve the quality of our existing products and services, and introduce high quality new products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.25 Td (services;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 358.25 Td (introduce third party ancillary products and services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 334.25 Td (e may not successfully accomplish any of these objectives. ) Tj ET Q q 0 0 0 rg BT 282.17 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 290.80 334.25 Td (e plan to continue our investment in future growth. ) Tj ET Q q 0 0 0 rg BT 496.69 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 505.33 334.25 Td (e expect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.25 Td (continue to expend substantial financial and other resources on:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 298.25 Td (marketing and advertising;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.25 Td (dealer outreach and training, including the hiring of additional personnel in our dealer team;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.25 Td (technology and product development, including the hiring of additional personnel in our product development and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.25 Td (technical teams, harmonization of our software infrastructure, and the development of new products and new features for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 226.25 Td (existing products; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 202.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.25 Td (general administration, including legal, accounting and other compliance expenses related to being a public company) Tj ET Q q 0 0 0 rg BT 540.08 202.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.25 Td (In addition, our historical growth has placed and may continue to place significant demands on our management and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.25 Td (operational and financial resources. ) Tj ET Q q 0 0 0 rg BT 180.48 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.12 166.25 Td (e have also experienced significant growth in the number of users of our platform as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td (the amount of data that we analyze. ) Tj ET Q q 0 0 0 rg BT 180.20 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 188.84 154.25 Td (e have hired, and expect to continue hiring, additional personnel, particularly in our dealer) Tj ET Q q 0 0 0 rg BT 549.42 154.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.25 Td (product and technology teams. ) Tj ET Q q 0 0 0 rg BT 161.06 142.25 Td (The additional personnel in our dealer team are intended to enhance the service experience and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.25 Td (productivity of our dealer network while the additional personnel in our product and technology teams are focusing on developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.25 Td (new products and features, harmonizing our technology infrastructureand delivering a better experience to consumers and dealers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.25 Td (Finally) Tj ET Q q 0 0 0 rg BT 63.69 106.25 Td (, our or) Tj ET Q q 0 0 0 rg BT 92.67 106.25 Td (ganizational structure is becoming more complex as we continue to add additional staf) Tj ET Q q 0 0 0 rg BT 438.49 106.25 Td (f, and we will need to improve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.25 Td (our operational, financial and management controls as well as our reporting systems and procedures. ) Tj ET Q q 0 0 0 rg BT 440.69 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 449.33 94.25 Td (e will require significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.25 Td (capital expenditures and the allocation of valuable management resources to grow and change in these areas without undermining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.25 Td (our corporate culture of rapid innovation, teamwork and attention to the car) Tj ET Q q 0 0 0 rg BT 337.91 70.25 Td (-buying experience for the consumer and the economics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.25 Td (of the dealer) Tj ET Q q 0 0 0 rg BT 85.42 58.25 Td (.) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 742.25 Td (e may be unable to maintain or grow relationships with information data providers or may experience interruptions in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 730.25 Td (the data feeds they provide, which may limit the information that we are able to provide to our users and dealers as well as the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 718.25 Td (timeliness of such information and may impair our ability to attract or retain consumers and T) Tj ET Q q 0 0 0 rg BT 425.40 718.25 Td (rueCar Certified Dealers and to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 706.25 Td (timely invoice our dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 682.25 Td (e receive automobile purchase data from many third-party data providers, including our network of ) Tj ET Q q 0 0 0 rg BT 479.49 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 485.24 682.25 Td (rueCar Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.25 Td (Dealers, dealer management system, or DMS, data feed providers, data aggregators and integrators, survey companies, purveyors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.25 Td (of registration data and our af) Tj ET Q q 0 0 0 rg BT 154.38 658.25 Td (finity group marketing partners. In the states in which we employ a pay-per) Tj ET Q q 0 0 0 rg BT 456.04 658.25 Td (-sale billing model, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.25 Td (use this data to match purchases with users that obtained a Guaranteed Savings Certificate from a ) Tj ET Q q 0 0 0 rg BT 427.92 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 433.68 646.25 Td (rueCar Certified Dealer so that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.25 Td (we may collect a transaction fee from those dealers and recognize revenue from the related transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.25 Td (From time to time, we experience interruptions in one or more data feeds that we receive from third-party data providers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (particularly DMS system data feed providers, in a manner that af) Tj ET Q q 0 0 0 rg BT 295.46 598.25 Td (fects our ability to timely invoice the dealers in our network. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.25 Td (These interruptions may occur for a number of reasons, including changes to the software used by these data feed providers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.25 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 574.25 Td (ficulties in renewing our agreements with third-party data feed providers. In the states in which we employ a pay-per) Tj ET Q q 0 0 0 rg BT 514.07 574.25 Td (-sale billing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.25 Td (model, an interruption in the data feeds that we receive may af) Tj ET Q q 0 0 0 rg BT 285.72 562.25 Td (fect our ability to match automobile purchases with users that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.25 Td (obtained a Guaranteed Savings Certificate from a ) Tj ET Q q 0 0 0 rg BT 236.02 550.25 Td (T) Tj ET Q q 0 0 0 rg BT 241.78 550.25 Td (rueCar Certified Dealer) Tj ET Q q 0 0 0 rg BT 335.77 550.25 Td (, thereby delaying our submission of an invoice to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.25 Td (automobile dealer in our network for a given transaction and delaying the timing of cash receipts from the dealer) Tj ET Q q 0 0 0 rg BT 486.40 538.25 Td (. ) Tj ET Q q 0 0 0 rg BT 491.22 538.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.25 Td (redundancies of data feeds received from multiple providers may not result in suf) Tj ET Q q 0 0 0 rg BT 361.27 526.25 Td (ficient data to match automobile purchases with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.25 Td (users that obtained a Guaranteed Savings Certificate from a ) Tj ET Q q 0 0 0 rg BT 276.57 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 282.32 514.25 Td (rueCar Certified Dealer) Tj ET Q q 0 0 0 rg BT 376.17 514.25 Td (. In the case of an interruption in our data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.25 Td (feeds, our billing structure may transition to a subscription model for automobile dealers in our network until the interruption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.25 Td (ceases. However) Tj ET Q q 0 0 0 rg BT 102.79 490.25 Td (, our subscription billing model may result in lower revenues during an interruption and, when an interruption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.25 Td (ceases, we are not always able to retroactively match a transaction and collect a fee. In addition, our likelihood of collection of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.25 Td (fee owed to us for a given transaction decreases for those periods in which we are unable to submit an invoice to automobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.25 Td (dealers. Interruptions which occur in close proximity to the end of a given reporting period could result in delays in our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.25 Td (recognize those transaction revenues in that reporting period and these shortfalls in transaction revenue could be material to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.25 Td (operating results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 406.25 Td (e have a history of losses and we may not achieve or maintain profitability in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 382.25 Td (e have not been profitable since inception and had an accumulated deficit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.45 382.25 Td ($351.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.35 382.25 Td ( at December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 382.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 382.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.25 Td (From time to time in the past, we have made significant investments in our operations which have not resulted in corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.25 Td (revenue growth and, as a result, increased our losses. ) Tj ET Q q 0 0 0 rg BT 250.19 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 258.83 358.25 Td (e expect to make significant future investments to support the further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.25 Td (development and expansion of our business and these investments may not result in increased revenue or growth on a timely basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.25 Td (or at all. Our revenue growth has been highly influenced by marketing expenditures. Incremental marketing expenditures in certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.25 Td (situations do not result in suf) Tj ET Q q 0 0 0 rg BT 151.65 322.25 Td (ficient incremental revenue to cover their cost. ) Tj ET Q q 0 0 0 rg BT 340.27 322.25 Td (This limits the growth in revenue that can be achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.25 Td (through marketing expenditures. In addition, as a public company) Tj ET Q q 0 0 0 rg BT 298.62 310.25 Td (, we have and will continue to incur significant legal, accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.25 Td (and other expenses that we did not incur as a private company) Tj ET Q q 0 0 0 rg BT 283.88 298.25 Td (. Such expenses will increase now that we have ceased to be an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.25 Td (emer) Tj ET Q q 0 0 0 rg BT 60.24 286.25 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 147.36 286.25 Td (. For more information concerning our emer) Tj ET Q q 0 0 0 rg BT 332.94 286.25 Td (ging growth company status, refer to the risk factor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.25 Td (below: Complying with the laws and regulations af) Tj ET Q q 0 0 0 rg BT 244.95 274.25 Td (fecting public companies has increased our costs and the demands on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.25 Td (management and could harm our operating results. ) Tj ET Q q 0 0 0 rg BT 245.38 262.25 Td (As a result of these increased expenditures, we have to generate and sustain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.25 Td (increased revenue to achieve and maintain profitability) Tj ET Q q 0 0 0 rg BT 255.26 250.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 226.25 Td (e may incur significant losses in the future for a number of reasons, including slowing demand for our products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.25 Td (services, increasing competition, weakness in the automobile industry generally) Tj ET Q q 0 0 0 rg BT 354.71 214.25 Td (, as well as other risks described in this report, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.25 Td (we may encounter unforeseen expenses, dif) Tj ET Q q 0 0 0 rg BT 210.19 202.25 Td (ficulties, complications and delays, and other unknown factors. If we incur losses in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.25 Td (future, we may not be able to reduce costs ef) Tj ET Q q 0 0 0 rg BT 214.64 190.25 Td (fectively because many of our costs are fixed. In addition, to the extent that we reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (variable costs to respond to losses, this may af) Tj ET Q q 0 0 0 rg BT 221.06 178.25 Td (fect our ability to acquire consumers and dealers and grow our revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 85.34 166.25 Td (, we may not be able to achieve or maintain profitability and we may continue to incur significant losses in the future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td (and this could cause the price of our common stock to decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 130.25 Td (e have operated our business at scale for a limited period of time and we cannot predict whether we will continue to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 118.25 Td (grow) Tj ET Q q 0 0 0 rg BT 56.19 118.25 Td (. If we are unable to successfully respond to changes in the market, our business could be harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 94.25 Td (Our business has grown as users and automobile dealers have increasingly used our products and services. However) Tj ET Q q 0 0 0 rg BT 536.19 94.25 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.25 Td (business is relatively new and has operated at a substantial scale for only a limited period of time. Given this limited history) Tj ET Q q 0 0 0 rg BT 530.79 82.25 Td (, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.25 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 70.25 Td (ficult to predict whether we will be able to maintain or grow our business. ) Tj ET Q q 0 0 0 rg BT 345.28 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 353.92 70.25 Td (e expect that our business will evolve in ways ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.25 Td (which may be dif) Tj ET Q q 0 0 0 rg BT 105.52 58.25 Td (ficult to predict. For example, marketing expenditures in certain situations become inef) Tj ET Q q 0 0 0 rg BT 453.84 58.25 Td (ficient, particularly with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.25 Td (respect to the ) Tj ET Q q 0 0 0 rg BT 91.63 46.25 Td (T) Tj ET Q q 0 0 0 rg BT 97.39 46.25 Td (rueCar website and our branded mobile applications. Continued revenue growth will require more focus on ) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (increasing the number of transactions from which we derive revenue by growing our network of ) Tj ET Q q 0 0 0 rg BT 423.20 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 428.95 742.10 Td (rueCar Certified Dealers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (including dealers representing high volume brands, both on an overall basis and in important geographies, as well as growth in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (revenue we derive from car manufacturer incentive programs. It is also possible that car dealers could broadly determine that they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (no longer believe in the value of our services. In the event of these or any other developments, our continued success will depend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (on our ability to successfully adjust our strategy to meet the changing market dynamics. If we are unable to do so, our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (could be harmed and our results of operations and financial condition could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 461.23 682.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 658.10 Td (The loss of a significant af) Tj ET Q q 0 0 0 rg BT 172.55 658.10 Td (finity group marketing partner or a significant reduction in the number of cars purchased ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (from our T) Tj ET Q q 0 0 0 rg BT 81.19 646.10 Td (rueCar Certified Dealers by members of our af) Tj ET Q q 0 0 0 rg BT 273.50 646.10 Td (finity group marketing partners would reduce our revenue and harm ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (our operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.10 Td (Our financial performance is substantially dependent upon the number of automobiles purchased from ) Tj ET Q q 0 0 0 rg BT 483.64 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 489.40 610.10 Td (rueCar Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (Dealers by users of the ) Tj ET Q q 0 0 0 rg BT 129.96 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 135.71 598.10 Td (rueCar website, our branded mobile applications and the car) Tj ET Q q 0 0 0 rg BT 376.26 598.10 Td (-buying sites we maintain for our af) Tj ET Q q 0 0 0 rg BT 519.37 598.10 Td (finity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (group marketing partners. Currently) Tj ET Q q 0 0 0 rg BT 179.75 586.10 Td (, a majority of the automobiles purchased by our users were matched to the car) Tj ET Q q 0 0 0 rg BT 494.73 586.10 Td (-buying sites we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (maintain for our af) Tj ET Q q 0 0 0 rg BT 111.07 574.10 Td (finity group marketing partners. ) Tj ET Q q 0 0 0 rg BT 240.76 574.10 Td (As a result, our relationships with our af) Tj ET Q q 0 0 0 rg BT 401.66 574.10 Td (finity group marketing partners are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (critical to our business and financial performance. However) Tj ET Q q 0 0 0 rg BT 274.95 562.10 Td (, several aspects of our relationship with af) Tj ET Q q 0 0 0 rg BT 446.38 562.10 Td (finity groups might change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (in a manner that harms our business and financial performance, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.10 Td (af) Tj ET Q q 0 0 0 rg BT 79.59 526.10 Td (finity group marketing partners might terminate their relationship with us or make such relationship non-exclusive, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 514.10 Td (resulting in a reduction in the number of transactions between users of our platform and ) Tj ET Q q 0 0 0 rg BT 425.33 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.09 514.10 Td (rueCar Certified Dealers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 490.10 Td (af) Tj ET Q q 0 0 0 rg BT 79.59 490.10 Td (finity group marketing partners might de-emphasize the automobile buying programs within their of) Tj ET Q q 0 0 0 rg BT 480.42 490.10 Td (ferings or alter the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (user experience for members in a way that results in a decrease in the number of transactions between their members and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 87.65 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.41 466.10 Td (rueCar Certified Dealers; or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 442.10 Td (the economic structure of our agreements with af) Tj ET Q q 0 0 0 rg BT 268.13 442.10 Td (finity group marketing partners might change, resulting in a decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (our operating mar) Tj ET Q q 0 0 0 rg BT 143.46 430.10 Td (gins on transactions by their members.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 406.10 Td ( significant change to our relationships with af) Tj ET Q q 0 0 0 rg BT 264.28 406.10 Td (finity group marketing partners may have a negative ef) Tj ET Q q 0 0 0 rg BT 484.01 406.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (business in other ways. For example, the termination by an af) Tj ET Q q 0 0 0 rg BT 281.87 394.10 Td (finity group marketing partner of our relationship may create the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (perception that our products and services are no longer beneficial to the members of af) Tj ET Q q 0 0 0 rg BT 382.35 382.10 Td (finity groups or a more general negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (association with our business. In addition, a termination by an af) Tj ET Q q 0 0 0 rg BT 294.10 370.10 Td (finity group marketing partner may result in the loss of the data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (provided to us by them with respect to automobile transactions. ) Tj ET Q q 0 0 0 rg BT 292.16 358.10 Td (This loss of data may decrease the quantity and quality of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (information that we provide to consumers and may also reduce our ability to identify transactions for which we can invoice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (dealers. If our relationships with af) Tj ET Q q 0 0 0 rg BT 175.78 334.10 Td (finity group marketing partners change our business, revenue, operating results and prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (may be harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 298.10 Td (Any adverse change in our relationship with United Services ) Tj ET Q q 0 0 0 rg BT 314.59 298.10 Td (Automobile ) Tj ET Q q 0 0 0 rg BT 364.50 298.10 Td (Association, or USAA, could harm our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 262.10 Td (The lar) Tj ET Q q 0 0 0 rg BT 100.41 262.10 Td (gest source of user traf) Tj ET Q q 0 0 0 rg BT 191.31 262.10 Td (fic and unit sales from our af) Tj ET Q q 0 0 0 rg BT 306.64 262.10 Td (finity group marketing partners comes from the site we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (maintain for USAA, which is also a lar) Tj ET Q q 0 0 0 rg BT 191.90 250.10 Td (ge stockholder) Tj ET Q q 0 0 0 rg BT 249.94 250.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.77 250.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.77 250.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.77 250.10 Td (261,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.27 250.10 Td ( units, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.05 250.10 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.38 250.10 Td (, of all units purchased by users from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 238.10 Td (rueCar Certified Dealers during that period, were matched to users of the car) Tj ET Q q 0 0 0 rg BT 348.38 238.10 Td (-buying site we maintain for USAA. ) Tj ET Q q 0 0 0 rg BT 495.86 238.10 Td (As such, USAA) Tj ET Q q 0 0 0 rg BT 559.48 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (has a significant influence on our operating results. ) Tj ET Q q 0 0 0 rg BT 242.70 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.34 226.10 Td (e define units as the number of automobiles purchased by our users from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 214.10 Td (rueCar Certified Dealers through the ) Tj ET Q q 0 0 0 rg BT 190.69 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.44 214.10 Td (rueCar website and our branded mobile applications or the car) Tj ET Q q 0 0 0 rg BT 445.32 214.10 Td (-buying sites we maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (for our af) Tj ET Q q 0 0 0 rg BT 73.58 202.10 Td (finity group marketing partners. ) Tj ET Q q 0 0 0 rg BT 203.27 202.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.77 202.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.35 202.10 Td (, USAA) Tj ET Q q 0 0 0 rg BT 326.03 202.10 Td ( beneficially owned 9,042,990 shares, which represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (9.0% of our outstanding common stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.10 Td (In May 2014, we entered into an extension of our af) Tj ET Q q 0 0 0 rg BT 279.81 166.10 Td (finity group marketing agreement with USAA) Tj ET Q q 0 0 0 rg BT 463.94 166.10 Td ( that extends through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (February 13, 2020, but we cannot assure you that our agreement with USAA) Tj ET Q q 0 0 0 rg BT 342.60 154.10 Td ( will be extended at the expiration of the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (agreement on terms satisfactory to us, or at all. In addition, USAA) Tj ET Q q 0 0 0 rg BT 300.94 142.10 Td ( has broad discretion in how the car) Tj ET Q q 0 0 0 rg BT 443.20 142.10 Td (-buying site we maintain for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (USAA) Tj ET Q q 0 0 0 rg BT 62.67 130.10 Td ( is promoted and marketed on its own website. Changes in this promotion and marketing have in the past and may in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (future adversely af) Tj ET Q q 0 0 0 rg BT 110.78 118.10 Td (fect the volume of user traf) Tj ET Q q 0 0 0 rg BT 219.16 118.10 Td (fic we receive from USAA. During the third quarter of 2017, USAA) Tj ET Q q 0 0 0 rg BT 492.15 118.10 Td ( made changes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (the user experience for its car) Tj ET Q q 0 0 0 rg BT 153.79 106.10 Td (-buying site, which we believe contributed to a decrease in the number of transactions between its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (members and our ) Tj ET Q q 0 0 0 rg BT 107.74 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.50 94.10 Td (rueCar Certified Dealers during the second half of 2017 and may continue to impact the future volume of user ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (traf) Tj ET Q q 0 0 0 rg BT 49.70 82.10 Td (fic we receive from USAA. Changes in our relationship with USAA) Tj ET Q q 0 0 0 rg BT 322.14 82.10 Td ( or its promotion and marketing of our platform, or future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (modifications of its car) Tj ET Q q 0 0 0 rg BT 128.28 70.10 Td (-buying site user experience could adversely af) Tj ET Q q 0 0 0 rg BT 316.35 70.10 Td (fect our business and operating results in the future.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 742.25 Td (The success of our business relies heavily on our marketing and branding ef) Tj ET Q q 0 0 0 rg BT 377.29 742.25 Td (forts, especially with respect to the T) Tj ET Q q 0 0 0 rg BT 526.62 742.25 Td (rueCar ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 730.25 Td (website and our branded mobile applications, as well as those ef) Tj ET Q q 0 0 0 rg BT 298.89 730.25 Td (forts of the af) Tj ET Q q 0 0 0 rg BT 354.54 730.25 Td (finity group marketing partners whose websites ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 718.25 Td (we power) Tj ET Q q 0 0 0 rg BT 74.06 718.25 Td (, and these ef) Tj ET Q q 0 0 0 rg BT 128.31 718.25 Td (forts may not be successful.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 694.25 Td (e believe that an important component of our growth will be the growth of our business derived from the ) Tj ET Q q 0 0 0 rg BT 501.74 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 507.50 694.25 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.25 Td (website and our ) Tj ET Q q 0 0 0 rg BT 101.63 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 107.39 682.25 Td (rueCar branded mobile applications. Because ) Tj ET Q q 0 0 0 rg BT 291.03 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 296.79 682.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 323.45 682.25 Td (.com is a consumer brand, we rely heavily on marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.25 Td (and advertising to increase the visibility of this brand with potential users of our products and services. ) Tj ET Q q 0 0 0 rg BT 449.61 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 458.25 670.25 Td (e currently advertise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.25 Td (through television and radio marketing campaigns, digital and online media, sponsorship programs and other means, the goal of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.25 Td (which is to increase the strength, recognition and trust in the ) Tj ET Q q 0 0 0 rg BT 279.65 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 285.40 646.25 Td (rueCar brand and drive more unique visitors to our website and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.25 Td (mobile applications. ) Tj ET Q q 0 0 0 rg BT 119.41 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 128.05 634.25 Td (e incurred expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.23 634.25 Td ($185.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.13 634.25 Td ( on sales and marketing during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 634.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 634.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.25 Td (Our business model relies on our ability to scale rapidly and to decrease incremental user acquisition costs as we grow) Tj ET Q q 0 0 0 rg BT 544.83 610.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (Our revenue growth has been highly influenced by marketing expenditures. Incremental marketing expenditures in certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.25 Td (situations do not result in the acquisition of suf) Tj ET Q q 0 0 0 rg BT 223.58 586.25 Td (ficient users visiting our website and mobile applications to permit recovery of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.25 Td (costs through revenue growth. ) Tj ET Q q 0 0 0 rg BT 159.40 574.25 Td (This limits the growth in revenue that can be achieved through marketing expenditures. If we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.25 Td (unable to recover our marketing costs through increases in user traf) Tj ET Q q 0 0 0 rg BT 305.17 562.25 Td (fic and in the number of transactions by users of our platform it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.25 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 164.92 550.25 Td (fect on our growth, results of operations and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 121.90 526.25 Td (, to the extent that we discontinue our broad marketing campaigns or elect to reduce our sales and marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.25 Td (costs to decrease our losses, this may af) Tj ET Q q 0 0 0 rg BT 194.67 514.25 Td (fect our ability to acquire consumers and dealers and grow our revenues. Our current and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.25 Td (potential competitors may have significantly more financial, marketing and other resources than we have and the ability to devote ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.25 Td (greater resources to the promotion and support of their products and services. ) Tj ET Q q 0 0 0 rg BT 347.67 490.25 Td (The realities of competing for users and brand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.25 Td (visibility) Tj ET Q q 0 0 0 rg BT 70.91 478.25 Td (, as well as ensuring the satisfaction of our dealers, may limit our ability to reduce our own marketing expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.25 Td (potentially negatively impacting our operating mar) Tj ET Q q 0 0 0 rg BT 239.37 466.25 Td (gins and financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 442.25 Td (In addition, the number of transactions generated by the members of our af) Tj ET Q q 0 0 0 rg BT 371.44 442.25 Td (finity group marketing partners depends in part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.25 Td (on the emphasis that these af) Tj ET Q q 0 0 0 rg BT 151.06 430.25 Td (finity group marketing partners place on marketing the purchase of cars within their platforms. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.25 Td (example, USAA) Tj ET Q q 0 0 0 rg BT 101.55 418.25 Td ( is a lar) Tj ET Q q 0 0 0 rg BT 130.52 418.25 Td (ge diversified financial services group of companies serving the United States military community with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.25 Td (hundreds of highly competitive product and service of) Tj ET Q q 0 0 0 rg BT 252.70 406.25 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 284.92 406.25 Td (At any given time, USAA) Tj ET Q q 0 0 0 rg BT 387.97 406.25 Td () Tj ET Q q 0 0 0 rg BT 390.75 406.25 Td (s car) Tj ET Q q 0 0 0 rg BT 409.14 406.25 Td (-buying service may or may not be a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.25 Td (priority relative to its other of) Tj ET Q q 0 0 0 rg BT 154.40 394.25 Td (ferings. Consequently) Tj ET Q q 0 0 0 rg BT 241.51 394.25 Td (, changes in how USAA) Tj ET Q q 0 0 0 rg BT 337.89 394.25 Td ( promotes and markets the car) Tj ET Q q 0 0 0 rg BT 457.93 394.25 Td (-buying site we maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.25 Td (for them can and has, from time to time in the past, af) Tj ET Q q 0 0 0 rg BT 250.76 382.25 Td (fected the volume of purchases generated by USAA) Tj ET Q q 0 0 0 rg BT 458.19 382.25 Td ( members. For example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.25 Td (in the past USAA) Tj ET Q q 0 0 0 rg BT 106.28 370.25 Td ( adjusted the location and prominence of the links to our platform on its web pages, adversely af) Tj ET Q q 0 0 0 rg BT 490.99 370.25 Td (fecting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.25 Td (volume of traf) Tj ET Q q 0 0 0 rg BT 93.02 358.25 Td (fic to our platform. Should USAA) Tj ET Q q 0 0 0 rg BT 229.13 358.25 Td ( or one or more of our other af) Tj ET Q q 0 0 0 rg BT 350.57 358.25 Td (finity group marketing partners decide to de-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.25 Td (emphasize the marketing of our platform, or if their marketing ef) Tj ET Q q 0 0 0 rg BT 295.45 346.25 Td (forts are otherwise unsuccessful, our revenue, business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.25 Td (financial results will be harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 310.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 101.20 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.57 310.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.59 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.63 310.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 200.98 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 212.46 310.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 242.81 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 259.85 310.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 282.44 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.59 310.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 345.40 310.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 380.75 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 392.23 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.27 310.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 456.85 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.00 310.25 Td (development ) Tj ET Q q 0 0 0 rg BT 529.23 310.25 Td (expense ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 47.39 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 54.89 298.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 102.38 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.21 298.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 148.48 298.25 Td (would ) Tj ET Q q 0 0 0 rg BT 175.99 298.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 216.80 298.25 Td (af) Tj ET Q q 0 0 0 rg BT 224.95 298.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 242.44 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 259.39 298.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.12 298.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 340.51 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.57 298.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 406.53 298.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 274.25 Td (e expect to make significant future investments to support the further development and expansion of our business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.25 Td (these investments may not result in increased revenue or growth on a timely basis or at all. Furthermore, these investments may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.25 Td (decrease as a percentage of revenue if our business grows. In particular) Tj ET Q q 0 0 0 rg BT 320.47 250.25 Td (, we intend to increase expenditures to launch new products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.25 Td (and enhance our existing products and services, continue to grow and train our network of ) Tj ET Q q 0 0 0 rg BT 399.05 238.25 Td (T) Tj ET Q q 0 0 0 rg BT 404.80 238.25 Td (rueCar Certified Dealers and upgrade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.25 Td (our system architecture. ) Tj ET Q q 0 0 0 rg BT 134.12 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.75 226.25 Td (e also intend to continue investing to increase awareness of our brand, including via television and radio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.25 Td (advertisements. ) Tj ET Q q 0 0 0 rg BT 100.80 214.25 Td (There can be no assurance that these investments will increase revenue or that we will eventually be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.25 Td (decrease our sales and marketing expense, or our technology and development expense, as a percentage of revenue, and failure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.25 Td (do so would adversely af) Tj ET Q q 0 0 0 rg BT 135.79 190.25 Td (fect our financial condition and profitability) Tj ET Q q 0 0 0 rg BT 310.92 190.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 166.25 Td (e are subject to a complex framework of federal and state laws and regulations primarily concerning vehicle sales, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td (advertising and brokering, many of which are unsettled, still developing and contradictory) Tj ET Q q 0 0 0 rg BT 406.48 154.25 Td (, which have in the past, and could in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 142.25 Td (the future, subject us to claims, challenge our business model or otherwise harm our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 118.25 Td (V) Tj ET Q q 0 0 0 rg BT 78.11 118.25 Td (arious aspects of our business are or may be subject, directly or indirectly) Tj ET Q q 0 0 0 rg BT 371.54 118.25 Td (, to U.S. federal and state laws and regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.25 Td (Failure to comply with such laws or regulations may result in the suspension or termination of our ability to do business in af) Tj ET Q q 0 0 0 rg BT 536.30 106.25 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.25 Td (jurisdictions or the imposition of significant civil and criminal penalties, including fines or the award of significant damages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.25 Td (against us and our ) Tj ET Q q 0 0 0 rg BT 110.80 82.25 Td (T) Tj ET Q q 0 0 0 rg BT 116.56 82.25 Td (rueCar Certified Dealers in class action or other civil litigation.) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 742.10 Td (State Motor V) Tj ET Q q 0 0 0 rg BT 118.00 742.10 Td (ehicle Sales, ) Tj ET Q q 0 0 0 rg BT 170.29 742.10 Td (Advertising and Br) Tj ET Q q 0 0 0 rg BT 246.03 742.10 Td (okering Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 718.10 Td (The advertising and sale of new or used motor vehicles is highly regulated by the states in which we do business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (Although we do not sell motor vehicles, state regulatory authorities or third parties could take the position that some of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (regulations applicable to dealers or to the manner in which motor vehicles are advertised and sold generally are directly applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (to our business. If our products and services are determined to not comply with relevant regulatory requirements, we or our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 670.10 Td (rueCar Certified Dealers could be subject to significant civil and criminal penalties, including fines, or the award of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (damages in class action or other civil litigation as well as orders interfering with our ability to continue providing our products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (services in certain states. In addition, even absent such a determination, to the extent dealers are uncertain about the applicability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (such laws and regulations to our business, we may lose, or have dif) Tj ET Q q 0 0 0 rg BT 304.65 634.10 Td (ficulty increasing the number of, ) Tj ET Q q 0 0 0 rg BT 437.76 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 443.52 634.10 Td (rueCar Certified Dealers in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (our network, which would af) Tj ET Q q 0 0 0 rg BT 151.63 622.10 Td (fect our future growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 598.10 Td (Several states in which we do business have laws and regulations that strictly regulate or prohibit the brokering of motor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (vehicles or the making of so-called bird-dog payments by dealers to third parties in connection with the sale of motor vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (through persons other than licensed salespersons. If our products or services are determined to fall within the scope of such laws or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (regulations, we may be forced to implement new measures, which could be costly) Tj ET Q q 0 0 0 rg BT 363.03 562.10 Td (, to reduce our exposure to those obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (including the discontinuation of certain products or services in af) Tj ET Q q 0 0 0 rg BT 296.02 550.10 Td (fected jurisdictions. ) Tj ET Q q 0 0 0 rg BT 376.84 550.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 426.74 550.10 Td (, such a determination could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (subject us or our ) Tj ET Q q 0 0 0 rg BT 104.70 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 110.45 538.10 Td (rueCar Certified Dealers to significant civil or criminal penalties, including fines, or the award of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (damages in class action or other civil litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.10 Td (In addition to generally applicable consumer protection laws, many states in which we do business have laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (regulations that specifically regulate the advertising for sale of new or used motor vehicles. ) Tj ET Q q 0 0 0 rg BT 403.20 490.10 Td (These state advertising laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (regulations are frequently subject to multiple interpretations and are not uniform from state to state, sometimes imposing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (inconsistent requirements on the advertiser of a new or used motor vehicle. If the content displayed on the websites we operate is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (determined or alleged to be inaccurate or misleading, under motor vehicle advertising laws, generally applicable consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (protection laws, or otherwise, we could be subject to significant civil and criminal penalties, including fines, or the award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (significant damages in class action or other civil litigation. Moreover) Tj ET Q q 0 0 0 rg BT 311.63 430.10 Td (, such allegations, even if unfounded or decided in our favor) Tj ET Q q 0 0 0 rg BT 552.27 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (could be extremely costly to defend, could require us to pay significant sums in settlements, and could interfere with our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (continue providing our products and services in certain states.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (From time to time, certain state authorities, dealer associations, and others have taken the position that aspects of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (products and services violate state brokering, bird-dog, or advertising laws. ) Tj ET Q q 0 0 0 rg BT 339.35 370.10 Td (When such allegations have arisen, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (endeavored to resolve the identified concerns on a consensual and expeditious basis, through negotiation and education ef) Tj ET Q q 0 0 0 rg BT 523.17 358.10 Td (forts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (without resorting to the judicial process. In certain instances, we have nevertheless been obligated to suspend all or certain aspects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (of our business operations in a state pending the resolution of such issues, the resolution of which included the payment of fines in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (201) Tj ET Q q 0 0 0 rg BT 50.63 322.10 Td (1 and 2012 in the aggregate amount of approximately $26,000. For example, in the beginning of 2012, following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (implementation of our first nationwide television advertising campaign, state regulatory inquiries with respect to the compliance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (our products and services with state brokering, bird-dog, and advertising laws intensified to a degree not previously experienced by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (us. Responding to and resolving these inquiries, as well as our ef) Tj ET Q q 0 0 0 rg BT 294.94 286.10 Td (forts to ameliorate the related adverse publicity and loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 274.10 Td (rueCar Certified Dealers from our network, resulted in decreased revenues and increased expenses and, accordingly) Tj ET Q q 0 0 0 rg BT 504.25 274.10 Td (, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (our losses during much of 2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.10 Td (In May 2015, we were named as a defendant in a lawsuit filed in the Superior Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 498.84 238.10 Td (Angeles \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (CNCDA) Tj ET Q q 0 0 0 rg BT 74.89 226.10 Td ( Litigation\). ) Tj ET Q q 0 0 0 rg BT 129.42 226.10 Td (The complaint, filed by the California New Car Dealers ) Tj ET Q q 0 0 0 rg BT 354.34 226.10 Td (Association, sought declaratory and injunctive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (relief based on allegations that we were operating in the State of California as an unlicensed automobile dealer and autobroker) Tj ET Q q 0 0 0 rg BT 540.54 214.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (December 2017, the parties entered into a binding settlement agreement to fully resolve the lawsuit, and the litigation was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (dismissed. For more information concerningthe CNCDA) Tj ET Q q 0 0 0 rg BT 265.69 190.10 Td ( Litigation, refer to the risk factor below: W) Tj ET Q q 0 0 0 rg BT 445.10 190.10 Td (e face litigation and are party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (to legal proceedings that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 265.44 178.10 Td (fect on our business, financial condition, results of operations and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 142.10 Td (In July 2015, we were named as a defendant in a lawsuit filed in the California Superior Court for the County of Los ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (Angeles \(the Participating Dealer Litigation\). ) Tj ET Q q 0 0 0 rg BT 228.52 130.10 Td (The complaint, filed by numerous dealers participating on the ) Tj ET Q q 0 0 0 rg BT 477.71 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 483.47 130.10 Td (rueCar platform, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (and as subsequently amended, sought declaratory and injunctive relief based on allegations that the Company was engaging in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (unfairly competitive practices and was operating as an unlicensed automobile dealer and autobroker in contravention of various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (state laws. In September 2015, the plaintif) Tj ET Q q 0 0 0 rg BT 204.67 94.10 Td (fs voluntarily dismissed this lawsuit without prejudice, which means that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (Participating Dealer Litigation is currently resolved, but that it could be re-filed at a later date. For more information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (concerningthis lawsuit, refer to the risk factor below: W) Tj ET Q q 0 0 0 rg BT 266.23 70.10 Td (e face litigation and are party to legal proceedings that could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 111.88 58.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (In September 2015, we received a letter from the ) Tj ET Q q 0 0 0 rg BT 270.07 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.48 742.10 Td (exas Department of Motor ) Tj ET Q q 0 0 0 rg BT 383.60 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 389.71 742.10 Td (ehicles \(the T) Tj ET Q q 0 0 0 rg BT 447.87 742.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 491.30 742.10 Td ( Notice\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (asserting that certain aspects of our advertising in ) Tj ET Q q 0 0 0 rg BT 236.31 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 241.72 730.10 Td (exas constitute false, deceptive, unfair) Tj ET Q q 0 0 0 rg BT 394.04 730.10 Td (, or misleading advertising within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (meaning of applicable ) Tj ET Q q 0 0 0 rg BT 127.17 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.58 718.10 Td (exas law) Tj ET Q q 0 0 0 rg BT 166.64 718.10 Td (. On September 24, 2015, we responded to the ) Tj ET Q q 0 0 0 rg BT 354.20 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 359.61 718.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 403.03 718.10 Td ( Notice in an ef) Tj ET Q q 0 0 0 rg BT 464.49 718.10 Td (fort to resolve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (concerns raised by the ) Tj ET Q q 0 0 0 rg BT 127.45 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.86 706.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 176.28 706.10 Td ( Notice without making material, unfavorable adjustments to our business practices or user ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (experience in ) Tj ET Q q 0 0 0 rg BT 91.90 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.31 694.10 Td (exas. In light of the fact that no further action has been taken with respect to this matter subsequent to our response ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (to the ) Tj ET Q q 0 0 0 rg BT 60.81 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.22 682.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 109.65 682.10 Td ( Notice, we consider the issues raised by the ) Tj ET Q q 0 0 0 rg BT 288.86 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 294.27 682.10 Td (exas DMV) Tj ET Q q 0 0 0 rg BT 337.69 682.10 Td ( Notice to be informally resolved, but we cannot assure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (you that this matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 249.93 670.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (In December 2015, we were named as a defendant in a putative class action lawsuit filed by Gordon Rose in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (California Superior Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 229.86 634.10 Td (Angeles \(the California Consumer Class ) Tj ET Q q 0 0 0 rg BT 397.88 634.10 Td (Action\). ) Tj ET Q q 0 0 0 rg BT 437.69 634.10 Td (The complaint asserts claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (for unjust enrichment, violation of the California Consumer Legal Remedies ) Tj ET Q q 0 0 0 rg BT 343.98 622.10 Td (Act, and violation of the California Business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (Professions Code, based in part on allegations that we are operating in the State of California as an unlicensed automobile dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (and autobroker) Tj ET Q q 0 0 0 rg BT 95.70 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 100.52 598.10 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 147.27 598.10 Td (f seeks to represent a class of California consumers defined as [a]ll California consumers who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (purchased an automobile by using ) Tj ET Q q 0 0 0 rg BT 174.96 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 180.71 586.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 207.52 586.10 Td (, Inc.) Tj ET Q q 0 0 0 rg BT 230.57 586.10 Td (s price certificate during the applicable statute of limitations. For more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (information concerningthis lawsuit, refer to the risk factor below: W) Tj ET Q q 0 0 0 rg BT 315.94 574.10 Td (e face litigation and are party to legal proceedings that could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (have a material adverse ef) Tj ET Q q 0 0 0 rg BT 140.20 562.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 538.10 Td (In July 2016, we received a letter from the Mississippi Motor ) Tj ET Q q 0 0 0 rg BT 319.55 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 325.66 538.10 Td (ehicle Commission \(the Mississippi MVC Letter\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (asserting that an aspect of our advertising in Mississippi was not in compliance with a regulation adopted by the Mississippi Motor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (V) Tj ET Q q 0 0 0 rg BT 42.11 514.10 Td (ehicle Commission. On July 19, 2016 we responded to the Mississippi MVC Letter in an ef) Tj ET Q q 0 0 0 rg BT 407.73 514.10 Td (fort to resolve the concerns raised by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (the Mississippi MVC Letter without making material, unfavorable adjustments to our business practices or user experience in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (Mississippi. In light of the fact that no further action has been taken with respect to this matter subsequent to our response to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (Mississippi MVC Letter) Tj ET Q q 0 0 0 rg BT 132.83 478.10 Td (, we consider the issues raised by the Mississippi MVC Letter to be informally resolved, but we cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (assure you that this matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 277.42 466.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 442.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 442.10 Td (August 2016, we met with investigators from the California Department of Motor ) Tj ET Q q 0 0 0 rg BT 411.76 442.10 Td (V) Tj ET Q q 0 0 0 rg BT 417.87 442.10 Td (ehicles \(the California DMV\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (regarding an allegation made by a dealer that we were operating as an unlicensed automobile auction in California \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (Unlicensed ) Tj ET Q q 0 0 0 rg BT 87.37 418.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 121.54 418.10 Td (Allegation\). ) Tj ET Q q 0 0 0 rg BT 176.34 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 184.97 418.10 Td (e provided the investigators with information about our business in an ef) Tj ET Q q 0 0 0 rg BT 475.01 418.10 Td (fort to resolve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (concerns raised by the Unlicensed ) Tj ET Q q 0 0 0 rg BT 174.56 406.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 208.73 406.10 Td (Allegation. In October 2016, we were informally advised by an investigator for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (California DMV) Tj ET Q q 0 0 0 rg BT 102.20 394.10 Td ( that the concerns raised by the Unlicensed ) Tj ET Q q 0 0 0 rg BT 275.47 394.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 309.64 394.10 Td (Allegation had been resolved, but that the investigators will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (continue to evaluate our responses regarding certain matters related to the advertising of new motor vehicles. In light of the fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (that no further action has been taken with respect to this matter) Tj ET Q q 0 0 0 rg BT 287.46 370.10 Td (, we consider the issues raised by the Unlicensed ) Tj ET Q q 0 0 0 rg BT 484.63 370.10 Td (Auction ) Tj ET Q q 0 0 0 rg BT 518.80 370.10 Td (Allegation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (to be informally resolved, but we cannot assure you that this matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 441.82 358.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 334.10 Td (In March 2017, we received an investigatory subpoena from the Consumer Protection Of) Tj ET Q q 0 0 0 rg BT 428.11 334.10 Td (fice of the ) Tj ET Q q 0 0 0 rg BT 470.59 334.10 Td (Attorney General of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (the State of Ohio issued pursuant to the Ohio Consumer Sales Practices ) Tj ET Q q 0 0 0 rg BT 323.73 322.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 342.99 322.10 Td (The investigatory subpoena requested certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (information related to online content displayed by us related to vehicles listed for sale by ) Tj ET Q q 0 0 0 rg BT 393.77 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 399.53 310.10 Td (rueCar Certified Dealers in Ohio. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (April 18, 2017, we responded to the investigatory subpoena and supplied the information sought by it. In light of the fact that no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (further action has been taken with respect to this matter subsequent to our response to the investigatory subpoena, we consider this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (matter to be resolved, but we cannot assure you that this matter or similar matters will not reemer) Tj ET Q q 0 0 0 rg BT 425.15 274.10 Td (ge in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 250.10 Td (In June 2017, we were named as a defendant in the Federal Consumer Class ) Tj ET Q q 0 0 0 rg BT 369.30 250.10 Td (Action. ) Tj ET Q q 0 0 0 rg BT 401.34 250.10 Td (The complaint asserted claims for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (violation of the California Business and Professions Code, based principally on allegations of false and misleading advertising and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (unfair business practices. ) Tj ET Q q 0 0 0 rg BT 139.12 226.10 Td (The complaint sought an award of unspecified damages, interest, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 526.30 226.10 Td ( fees. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (November 2017, the parties entered into a binding settlement agreement, and the litigation was dismissed in December 2017. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (more information concerningthis lawsuit, refer to the risk factor below: W) Tj ET Q q 0 0 0 rg BT 338.99 202.10 Td (e face litigation and are party to legal proceedings that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 164.92 190.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.10 Td (If state regulators or other third parties take the position in the future that our products or services violate applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (brokering, bird-dog, or advertising laws or regulations, responding to such allegations could be costly) Tj ET Q q 0 0 0 rg BT 441.93 154.10 Td (, could require us to pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (significant sums in settlements, could require us to pay civil and criminal penalties, including fines, could interfere with our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (to continue providing our products and services in certain states, or could require us to make adjustments to our products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (services or the manner in which we derive revenue from our participating dealers, any or all of which could result in substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (adverse publicity) Tj ET Q q 0 0 0 rg BT 103.94 106.10 Td (, loss of ) Tj ET Q q 0 0 0 rg BT 137.65 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 143.41 106.10 Td (rueCar Certified Dealers from our network, decreased revenues, increased expenses, and decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 83.12 94.10 Td (.) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 742.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 96.97 742.10 Td (Advertising Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 718.10 Td (The Federal ) Tj ET Q q 0 0 0 rg BT 122.35 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 128.11 718.10 Td (rade Commission, or the FTC, has authority to take actions to remedy or prevent advertising practices that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (considers to be unfair or deceptive and that af) Tj ET Q q 0 0 0 rg BT 218.52 706.10 Td (fect commerce in the United States. If the FTC takes the position in the future that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (any aspect of our business constitutes an unfair or deceptive advertising practice, responding to such allegations could require us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (pay significant damages, settlements, and civil penalties, or could require us to make adjustments to our products and services, any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (or all of which could result in substantial adverse publicity) Tj ET Q q 0 0 0 rg BT 270.02 670.10 Td (, loss of participating dealers, lost revenues, increased expenses, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (decreased profitability) Tj ET Q q 0 0 0 rg BT 125.03 658.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 634.10 Td (In March 2015, we were named as a defendant in a lawsuit filed in the U.S. District Court in the Southern District of New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (Y) Tj ET Q q 0 0 0 rg BT 42.22 622.10 Td (ork \(the NY) Tj ET Q q 0 0 0 rg BT 94.61 622.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 131.82 622.10 Td (Act Litigation\). ) Tj ET Q q 0 0 0 rg BT 200.79 622.10 Td (The complaint, purportedly filed on behalf of numerous automotive dealers who are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (on the ) Tj ET Q q 0 0 0 rg BT 63.04 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.79 610.10 Td (rueCar platform, seeks injunctive relief in addition to over $250 million in damages based on allegations that we violated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (the Lanham ) Tj ET Q q 0 0 0 rg BT 85.43 598.10 Td (Act as well as various state laws prohibiting unfair competition and deceptive acts or practices related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (advertising and promotional activities. For more information concerningthe NY) Tj ET Q q 0 0 0 rg BT 357.22 586.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 394.43 586.10 Td (Act Litigation, refer to the risk factor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (below: W) Tj ET Q q 0 0 0 rg BT 78.79 574.10 Td (e face litigation and are party to legal proceedings that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 427.62 574.10 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (condition, results of operations and cash flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 538.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 96.97 538.10 Td (Antitrust Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 514.10 Td (The antitrust laws prohibit, among other things, any joint conduct among competitors that would lessen competition in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (marketplace. Some of the information that we obtain from dealers is competitively sensitive and, if disclosed inappropriately) Tj ET Q q 0 0 0 rg BT 534.65 502.10 Td (, could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (potentially be used by dealers to impede competition or otherwise diminish independent pricing activity) Tj ET Q q 0 0 0 rg BT 451.08 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.53 490.10 Td (A) Tj ET Q q 0 0 0 rg BT 462.20 490.10 Td ( governmental or private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (civil action alleging the improper exchange of information, or unlawful participation in price maintenance or other unlawful or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (anticompetitive activity) Tj ET Q q 0 0 0 rg BT 130.04 466.10 Td (, even if unfounded, could be costly to defend and adversely impact our ability to maintain and grow our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (dealer network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (In addition, governmental or private civil actions related to the antitrust laws could result in orders suspending or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (terminating our ability to do business or otherwise altering or limiting certain of our business practices, including the manner in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (which we handle or disclose dealer pricing information, or the imposition of significant civil or criminal penalties, including fines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (or the award of significant damages against us and our ) Tj ET Q q 0 0 0 rg BT 256.31 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 262.06 394.10 Td (rueCar Certified Dealers in class action or other civil litigation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 370.10 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (The foregoing description of laws and regulations to which we are or may be subject is not exhaustive, and the regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (framework governing our operations is subject to continuous change. ) Tj ET Q q 0 0 0 rg BT 315.19 334.10 Td (The enactment of new laws and regulations or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (interpretation of existing laws and regulations in an unfavorable way may af) Tj ET Q q 0 0 0 rg BT 341.00 322.10 Td (fect the operation of our business, directly or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 73.67 310.10 Td (, which could result in substantial regulatory compliance costs, civil or criminal penalties, including fines, adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (publicity) Tj ET Q q 0 0 0 rg BT 70.90 298.10 Td (, loss of participating dealers, lost revenues, increased expenses, and decreased profitability) Tj ET Q q 0 0 0 rg BT 435.96 298.10 Td (. Further) Tj ET Q q 0 0 0 rg BT 469.99 298.10 Td (, investigations by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (government agencies, including the FTC, into allegedly anticompetitive, unfair) Tj ET Q q 0 0 0 rg BT 351.90 286.10 Td (, deceptive or other business practices by us or our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 274.10 Td (rueCar Certified Dealers, could cause us to incur additional expenses and, if adversely concluded, could result in substantial civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (or criminal penalties and significant legal liability) Tj ET Q q 0 0 0 rg BT 234.74 262.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 238.10 Td (e face litigation and are party to legal proceedings that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 431.20 238.10 Td (fect on our business, financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.10 Td (In March 2015, we were named as a defendant in the NY) Tj ET Q q 0 0 0 rg BT 300.43 202.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 337.64 202.10 Td (Act Litigation. ) Tj ET Q q 0 0 0 rg BT 398.84 202.10 Td (The complaint in the NY) Tj ET Q q 0 0 0 rg BT 498.45 202.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 535.66 202.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (Litigation, purportedly filed on behalf of numerous automotive dealers who are not on the ) Tj ET Q q 0 0 0 rg BT 398.22 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 403.98 190.10 Td (rueCar platform, alleges that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (violated the Lanham ) Tj ET Q q 0 0 0 rg BT 120.14 178.10 Td (Act as well as various state laws prohibiting unfair competition and deceptive acts or practices related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (advertising and promotional activities. ) Tj ET Q q 0 0 0 rg BT 192.17 166.10 Td (The complaint seeks injunctive relief in addition to over $250 million in damages as a result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (of the alleged diversion of customers from the plaintif) Tj ET Q q 0 0 0 rg BT 251.87 154.10 Td (fs) Tj ET Q q 0 0 0 rg BT 261.68 154.10 Td ( dealerships to ) Tj ET Q q 0 0 0 rg BT 321.76 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 327.52 154.10 Td (rueCar Certified Dealers. On ) Tj ET Q q 0 0 0 rg BT 444.97 154.10 Td (April 7, 2015, we filed an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (answer to the complaint. ) Tj ET Q q 0 0 0 rg BT 136.63 142.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 177.86 142.10 Td (, the plaintif) Tj ET Q q 0 0 0 rg BT 226.27 142.10 Td (fs amended their complaint, and on July 13, 2015, we filed a motion to dismiss the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (amended complaint. On January 6, 2016, the court granted in part and denied in part our motion to dismiss. Discovery in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (matter has been completed, and the court has scheduled a hearing in ) Tj ET Q q 0 0 0 rg BT 310.07 118.10 Td (April 2018 on the issue of the admissibility of testimony ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (prof) Tj ET Q q 0 0 0 rg BT 52.48 106.10 Td (fered by the plaintif) Tj ET Q q 0 0 0 rg BT 131.43 106.10 Td (fs) Tj ET Q q 0 0 0 rg BT 141.24 106.10 Td ( expert. ) Tj ET Q q 0 0 0 rg BT 173.55 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.19 106.10 Td (e believe that the portions of the amended complaint that survived our motion to dismiss are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (without merit, and we intend to vigorously defend ourselves in this matter) Tj ET Q q 0 0 0 rg BT 331.50 94.10 Td (. Based on the current stage of the proceedings in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (case, the outcome of this legal proceeding, including the anticipated legal defense costs, remains uncertain; however) Tj ET Q q 0 0 0 rg BT 500.99 82.10 Td (, we may incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (significant legal fees, settlements or damage awards resulting from this or other civil litigation. If this matter is not resolved in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (favor) Tj ET Q q 0 0 0 rg BT 56.70 58.10 Td (, losses arising from the results of litigation or settlements, as well as ongoing defense costs, could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 46.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 730.10 Td (In May 2015, we were named as a defendant in the CNCDA) Tj ET Q q 0 0 0 rg BT 317.04 730.10 Td ( Litigation. ) Tj ET Q q 0 0 0 rg BT 363.80 730.10 Td (The complaint in the CNCDA) Tj ET Q q 0 0 0 rg BT 483.79 730.10 Td ( Litigation sought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (declaratory and injunctive relief based on allegations that we were operating in the State of California as an unlicensed automobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (dealer and autobroker) Tj ET Q q 0 0 0 rg BT 122.63 706.10 Td (. On July 20, 2015, we filed a demurrer to the complaint, which is a pleading that requests the court to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (dismiss the case. ) Tj ET Q q 0 0 0 rg BT 105.25 694.10 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 152.00 694.10 Td (fs subsequently amended their complaint, and on September 1) Tj ET Q q 0 0 0 rg BT 400.18 694.10 Td (1, 2015, we filed a demurrer to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (amended complaint. On December 7, 2015, the court granted our demurrer in its entirety) Tj ET Q q 0 0 0 rg BT 390.23 682.10 Td (, but af) Tj ET Q q 0 0 0 rg BT 418.10 682.10 Td (forded the CNCDA) Tj ET Q q 0 0 0 rg BT 495.87 682.10 Td ( the opportunity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (to file a second amended complaint. ) Tj ET Q q 0 0 0 rg BT 182.71 670.10 Td (The CNCDA) Tj ET Q q 0 0 0 rg BT 235.21 670.10 Td ( filed a second amended complaint on January 4, 2016. ) Tj ET Q q 0 0 0 rg BT 457.75 670.10 Td (The second amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (complaint reiterated the claims in the prior complaints and added claims under theories based on the federal Lanham ) Tj ET Q q 0 0 0 rg BT 504.17 658.10 Td (Act and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (California unfair competition law) Tj ET Q q 0 0 0 rg BT 169.48 646.10 Td (. On February 3, 2016, we filed a demurrer to the second amended complaint. On March 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (2016, the court granted in part and denied in part our demurrer to the second amended complaint, dismissing the Lanham ) Tj ET Q q 0 0 0 rg BT 522.53 634.10 Td (Act claim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (but declining to dismiss the balance of the claims at the demurrer stage of the litigation. On May 31, 2016, based on certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (intervening developments in state law) Tj ET Q q 0 0 0 rg BT 186.98 610.10 Td (, the court announced that it would reconsider its March 30, 2016 order) Tj ET Q q 0 0 0 rg BT 471.50 610.10 Td (, and it invited the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (parties to file new briefs on the demurrer issues. On July 15, 2016, the court heard oral ar) Tj ET Q q 0 0 0 rg BT 392.94 598.10 Td (gument on reconsideration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (demurrer issues. On July 25, 2016, the court granted in part and denied in part the Company) Tj ET Q q 0 0 0 rg BT 407.30 586.10 Td (s demurrer to the second amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (complaint, just as it had done in its March 30, 2016 order) Tj ET Q q 0 0 0 rg BT 264.57 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.39 574.10 Td (The litigation was previously scheduled for trial in ) Tj ET Q q 0 0 0 rg BT 473.79 574.10 Td (August 2017. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (April 3, 2017, the court indicated that the trial date would be postponed to a future date. On May 17, 2017, the court scheduled trial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (to begin on December 1) Tj ET Q q 0 0 0 rg BT 131.71 550.10 Td (1, 2017. Prior to the commencement of trial, the parties entered into settlement negotiations, and on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (December 14, 2017, the parties entered into the CNCDA) Tj ET Q q 0 0 0 rg BT 262.61 538.10 Td ( Settlement ) Tj ET Q q 0 0 0 rg BT 309.82 538.10 Td (Agreement to fully resolve the litigation. Pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (CNCDA) Tj ET Q q 0 0 0 rg BT 70.45 526.10 Td ( Settlement ) Tj ET Q q 0 0 0 rg BT 117.67 526.10 Td (Agreement, the litigation was dismissed with prejudice on December 21, 2017. In light of the full resolution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (this matter pursuant to the Settlement ) Tj ET Q q 0 0 0 rg BT 187.64 514.10 Td (Agreement, we do not believe that an additional loss is probable. However) Tj ET Q q 0 0 0 rg BT 485.77 514.10 Td (, if similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (litigation is filed against us, we may incur significant legal fees, adverse changes in our dealer network, settlements or damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (awards as a result. If any such matters are not resolved in our favor) Tj ET Q q 0 0 0 rg BT 303.84 490.10 Td (, losses arising from the results of litigation or settlements, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (well as ongoing defense costs or adverse changes in our dealer network, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 455.65 478.10 Td (fect on our business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 442.10 Td (In May 2015, a purported securities class action complaint was filed in the U.S. District Court for the Central District of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (California \(the Federal Securities Litigation\) by Satyabrata Mahapatra naming ) Tj ET Q q 0 0 0 rg BT 360.42 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 366.18 430.10 Td (rueCar and two other individuals not af) Tj ET Q q 0 0 0 rg BT 523.18 430.10 Td (filiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 56.10 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 61.85 418.10 Td (rueCar as defendants. On June 15, 2015, the plaintif) Tj ET Q q 0 0 0 rg BT 269.68 418.10 Td (f filed a Notice of Errata and Correction purporting to name Scott ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (Painter and Michael Guthrie as individual defendants in lieu of the two individual defendants named in the complaint. On October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (5, 2015, the plaintif) Tj ET Q q 0 0 0 rg BT 114.42 394.10 Td (fs amended their complaint. ) Tj ET Q q 0 0 0 rg BT 228.00 394.10 Td (As amended, the complaint in the Federal Securities Litigation sought an award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (unspecified damages, interest and attorneys) Tj ET Q q 0 0 0 rg BT 212.69 382.10 Td ( fees based on allegations that the defendants made false and/or misleading statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (and failed to disclose material adverse facts about ) Tj ET Q q 0 0 0 rg BT 237.41 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 243.16 370.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 270.74 370.10 Td () Tj ET Q q 0 0 0 rg BT 273.52 370.10 Td (s business, operations, prospects and performance.Specifically) Tj ET Q q 0 0 0 rg BT 525.30 370.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (amended complaint alleges that during the putative class period, the defendants made false and/or misleading statements and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (failed to disclose that: \(i\) ) Tj ET Q q 0 0 0 rg BT 138.29 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.05 346.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 171.63 346.10 Td () Tj ET Q q 0 0 0 rg BT 174.40 346.10 Td (s business practices violated unfair competition and deceptive trade practice laws \(i.e., the issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (raised in the NY) Tj ET Q q 0 0 0 rg BT 101.44 334.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 138.66 334.10 Td (Act Litigation\); \(ii\) ) Tj ET Q q 0 0 0 rg BT 218.18 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 223.93 334.10 Td (rueCar acts as a dealer and broker in car sales transactions without proper licensing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (in violation of various states) Tj ET Q q 0 0 0 rg BT 151.90 322.10 Td ( laws that govern car sales \(i.e., the issues raised in the CNCDA) Tj ET Q q 0 0 0 rg BT 407.12 322.10 Td ( Litigation\); and \(iii\) as a result of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 64.70 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 70.45 310.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 98.03 310.10 Td () Tj ET Q q 0 0 0 rg BT 100.81 310.10 Td (s registration statements, prospectuses, quarterly and annual reports, financial statements, SEC filings, press ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (releases, and other statements and documents were materially false and misleading at times relevant to the amended complaint and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (putative class period. ) Tj ET Q q 0 0 0 rg BT 123.02 286.10 Td (The amended complaint asserted a putative class period stemming from May 16, 2014 to July 23, 2015. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (October 19, 2015, we filed a motion to dismiss the amended complaint. On December 9, 2015, the court granted our motion to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (dismiss and dismissed the case in its entirety) Tj ET Q q 0 0 0 rg BT 213.94 262.10 Td (. On January 8, 2016, the plaintif) Tj ET Q q 0 0 0 rg BT 345.68 262.10 Td (f filed a notice of appeal. On June 20, 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 64.70 250.10 Td (f filed a motion for voluntary dismissal of the appeal. ) Tj ET Q q 0 0 0 rg BT 280.30 250.10 Td (The motion was granted by the court on June 27, 2016. ) Tj ET Q q 0 0 0 rg BT 502.76 250.10 Td (As this case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (has been dismissed, we do not anticipate a loss related to this matter) Tj ET Q q 0 0 0 rg BT 307.88 238.10 Td (. However) Tj ET Q q 0 0 0 rg BT 349.13 238.10 Td (, if similar litigation is filed against us, we may incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (significant legal fees, adverse changes in our dealer network, settlements or damage awards as a result. If any such matters are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (resolved in our favor) Tj ET Q q 0 0 0 rg BT 119.18 214.10 Td (, losses arising from the results of litigation or settlements, as well as ongoing defense costs or adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (changes in our dealer network, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 290.42 202.10 Td (fect on our business, financial condition, results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.10 Td (In July 2015, we were named as a defendant in the Participating Dealer Litigation. Both as originally filed and as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (subsequently amended, the complaint in the Participating Dealer Litigation sought declaratory and injunctive relief based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (allegations that the Company is engaging in unfairly competitive practices and is operating as an unlicensed automobile dealer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (autobroker in contravention of various state laws. Neither the original nor amended complaint sought an award of money damages. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (On September 29, 2015, the plaintif) Tj ET Q q 0 0 0 rg BT 179.40 118.10 Td (fs voluntarily dismissed this lawsuit without prejudice, which means that the Participating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (Dealer Litigation is currently resolved, but that it could be re-filed at a later date. If the Participating Dealer Litigation is re-filed at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (a later date or if similar litigation is filed against us, we may incur significant legal fees, adverse changes in our dealer network, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (settlements or damage awards as a result. If any such matters are not resolved in our favor) Tj ET Q q 0 0 0 rg BT 395.75 82.10 Td (, losses arising from the results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (litigation or settlements, as well as ongoing defense costs or adverse changes in our dealer network, could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 58.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 742.10 Td (August 2015, the Company) Tj ET Q q 0 0 0 rg BT 191.62 742.10 Td (, certain of its executives and directors, and the underwriters of the Company) Tj ET Q q 0 0 0 rg BT 502.63 742.10 Td (s initial public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 730.10 Td (fering and secondary of) Tj ET Q q 0 0 0 rg BT 138.65 730.10 Td (fering were named as defendants in a putative class action lawsuit filed by Ning Shen and ) Tj ET Q q 0 0 0 rg BT 500.03 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.07 730.10 Td (illiam ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (Fitzpatrick in California Superior Court under the federal securities laws \(the California State Court Securities Litigation\). ) Tj ET Q q 0 0 0 rg BT 538.45 718.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (complaint alleged that ) Tj ET Q q 0 0 0 rg BT 127.18 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.93 706.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 160.51 706.10 Td () Tj ET Q q 0 0 0 rg BT 163.29 706.10 Td (s registration statements in connection with the of) Tj ET Q q 0 0 0 rg BT 362.23 706.10 Td (ferings contained false or misleading statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (of material facts, and failed to disclose material adverse facts about the Company) Tj ET Q q 0 0 0 rg BT 363.93 694.10 Td (s business, operations, prospects, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (performance. On September 2, 2015, following our removal of the action from California state court to the U.S. District Court for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (the Central District of California, the plaintif) Tj ET Q q 0 0 0 rg BT 214.94 670.10 Td (fs voluntarily dismissed this lawsuit without prejudice, which means that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (California State Court Securities Litigation is currently resolved, but that it could be re-filed at a later date. If the California State ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (Court Securities Litigation is re-filed at a later date or if additional similar litigation, such as the Federal Securities Litigation, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (filed against us, we may incur significant legal fees, settlements or damage awards as a result. If any such matters are not resolved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (in our favor) Tj ET Q q 0 0 0 rg BT 82.81 622.10 Td (, losses arising from the results of litigation or settlements, as well as ongoing defense costs, could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 76.63 610.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (In December 2015, we were named as a defendant in the California Consumer Class ) Tj ET Q q 0 0 0 rg BT 411.61 586.10 Td (Action. ) Tj ET Q q 0 0 0 rg BT 443.65 586.10 Td (The complaint asserts claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (for unjust enrichment, violation of the California Consumer Legal Remedies ) Tj ET Q q 0 0 0 rg BT 343.98 574.10 Td (Act, and violation of the California Business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (Professions Code, based principally on factual allegations similar to those asserted in the NY) Tj ET Q q 0 0 0 rg BT 407.77 562.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 444.98 562.10 Td (Act Litigation and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (CNCDA) Tj ET Q q 0 0 0 rg BT 70.45 550.10 Td ( Litigation. In the complaint, the plaintif) Tj ET Q q 0 0 0 rg BT 231.35 550.10 Td (f seeks to represent a class of California consumers defined as [a]ll California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (consumers who purchased an automobile by using ) Tj ET Q q 0 0 0 rg BT 239.95 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.70 538.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 272.51 538.10 Td (, Inc.) Tj ET Q q 0 0 0 rg BT 295.56 538.10 Td (s price certificate during the applicable statute of limitations. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (January 12, 2016, the court entered an order staying all proceedings in the case pending an initial status conference, which was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (previously scheduled for ) Tj ET Q q 0 0 0 rg BT 136.81 514.10 Td (April 13, 2016. On March 16, 2016, the case was reassigned to a dif) Tj ET Q q 0 0 0 rg BT 409.07 514.10 Td (ferent judge. ) Tj ET Q q 0 0 0 rg BT 461.55 514.10 Td (As a result of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (reassignment, the initial status conference was rescheduled for and held on May 26, 2016. By stipulation, the stay of discovery was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (continued until a second status conference, which was scheduled for October 12, 2016. On July 13, 2016, the plaintif) Tj ET Q q 0 0 0 rg BT 503.76 490.10 Td (f amended his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (complaint. ) Tj ET Q q 0 0 0 rg BT 80.81 478.10 Td (The amended complaint continues to assert claims for unjust enrichment, violation of the California Consumer Legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (Remedies ) Tj ET Q q 0 0 0 rg BT 77.38 466.10 Td (Act, and violation of the California Business and Professions Code. ) Tj ET Q q 0 0 0 rg BT 349.94 466.10 Td (The amended complaint retains the same proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (class definition as the initial complaint. Like the initial complaint, the amended complaint seeks an award of unspecified damages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (punitive and exemplary damages, interest, disgor) Tj ET Q q 0 0 0 rg BT 232.15 442.10 Td (gement, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 391.35 442.10 Td ( fees. On September 12, 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (Company filed a demurrer to the amended complaint. On October 12, 2016, the court heard oral ar) Tj ET Q q 0 0 0 rg BT 430.41 430.10 Td (gument on the demurrer) Tj ET Q q 0 0 0 rg BT 526.21 430.10 Td (. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (October 13, 2016, the court granted in part and denied in part the Company) Tj ET Q q 0 0 0 rg BT 340.08 418.10 Td (s demurrer to the amended complaint, dismissing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (unjust enrichment claim but declining to dismiss the balance of the claims at the demurrer stage of the litigation. ) Tj ET Q q 0 0 0 rg BT 487.55 406.10 Td (At a status ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (conference held on January 26, 2017, the court ruled that discovery could then proceed regarding matters related to class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (certification only) Tj ET Q q 0 0 0 rg BT 103.93 382.10 Td (. ) Tj ET Q q 0 0 0 rg BT 108.38 382.10 Td (At a status conference held on July 25, 2017, the court set a deadline of January 8, 2018 for the filing of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 64.70 370.10 Td (f) Tj ET Q q 0 0 0 rg BT 68.58 370.10 Td () Tj ET Q q 0 0 0 rg BT 71.36 370.10 Td (s motion for class certification and provided that discovery could continue to proceed regarding matters related to class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (certification only at that time. Subsequently) Tj ET Q q 0 0 0 rg BT 210.31 358.10 Td (, the court extended to February 7, 2018 the deadline for the filing of plaintif) Tj ET Q q 0 0 0 rg BT 516.70 358.10 Td (f) Tj ET Q q 0 0 0 rg BT 520.58 358.10 Td () Tj ET Q q 0 0 0 rg BT 523.36 358.10 Td (s motion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (for class certification and for the completion of related discovery) Tj ET Q q 0 0 0 rg BT 294.97 346.10 Td (. On February 7, 2018, the plaintif) Tj ET Q q 0 0 0 rg BT 431.71 346.10 Td (f filed a motion for class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (certification. ) Tj ET Q q 0 0 0 rg BT 88.75 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 95.42 334.10 Td ( hearing on the plaintif) Tj ET Q q 0 0 0 rg BT 186.33 334.10 Td (f) Tj ET Q q 0 0 0 rg BT 190.21 334.10 Td () Tj ET Q q 0 0 0 rg BT 192.99 334.10 Td (s class certification motion has been scheduled for May 25, 2018. ) Tj ET Q q 0 0 0 rg BT 457.46 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 466.10 334.10 Td (e believe that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (amended complaint is without merit, and we intend to vigorously defend ourselves in this matter) Tj ET Q q 0 0 0 rg BT 421.76 322.10 Td (. Based on the current stage of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (proceedings in this case, the outcome of this legal proceeding, including the anticipated legal defense costs, remains uncertain; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (however) Tj ET Q q 0 0 0 rg BT 70.03 298.10 Td (, we may incur significant legal fees, settlements or damage awards resulting from this or other civil litigation. If this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (matter is not resolved in our favor) Tj ET Q q 0 0 0 rg BT 171.67 286.10 Td (, losses arising from the results of litigation or settlements, as well as ongoing defense costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 164.92 274.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.10 Td (In June 2017, we were named as a defendant in the Federal Consumer Class ) Tj ET Q q 0 0 0 rg BT 378.30 250.10 Td (Action. ) Tj ET Q q 0 0 0 rg BT 410.34 250.10 Td (The complaint asserted claims for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (violation of the California Business and Professions Code, based principally on allegations of false and misleading advertising and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (unfair business practices. ) Tj ET Q q 0 0 0 rg BT 139.12 226.10 Td (The complaint seeks an award of unspecified damages, interest, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 521.29 226.10 Td ( fees. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (the complaint, the plaintif) Tj ET Q q 0 0 0 rg BT 139.13 214.10 Td (f seeks to represent a class of consumers defined as [a]ll consumers who, between the applicable statute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (of limitations and the present, obtained a ) Tj ET Q q 0 0 0 rg BT 201.33 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 207.09 202.10 Td (rueCar guaranteed) Tj ET Q q 0 0 0 rg BT 286.58 202.10 Td ( price and [a]ll consumers, who, between the applicable statute of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (limitations and the present, obtained a ) Tj ET Q q 0 0 0 rg BT 190.50 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.26 190.10 Td (rueCar guaranteed) Tj ET Q q 0 0 0 rg BT 275.75 190.10 Td ( price pertaining to a vehicle located at Riverside Mazda. On or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (around October 23, 2017, the parties reached an agreement in principle to settle this matter on an individual \(non-classwide\) basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (in exchange for the payment of an immaterial amount to Mr) Tj ET Q q 0 0 0 rg BT 275.37 166.10 Td (. Haas. On November 27, 2017, the parties entered into the Haas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 80.72 154.10 Td (Agreement on the same financial terms agreed to in principle on October 23, 2017. ) Tj ET Q q 0 0 0 rg BT 414.87 154.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 456.10 154.10 Td (, the Company fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (satisfied the financial terms of the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 241.49 142.10 Td (Agreement, and pursuant to the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 437.00 142.10 Td (Agreement, the litigation was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (dismissed with prejudice on December 1, 2017. In light of the full resolution of this matter pursuant to the Haas Settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (Agreement, and except with respect to the above-noted immaterial payment, we do not believe that an additional loss is probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (However) Tj ET Q q 0 0 0 rg BT 72.25 106.10 Td (, if similar litigation is filed against us, we may incur significant legal fees, settlements or damage awards as a result. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (any such matters are not resolved in our favor) Tj ET Q q 0 0 0 rg BT 218.87 94.10 Td (, losses arising from the results of litigation or settlements, as well as ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (defense costs, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 222.95 82.10 Td (fect on our business, financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 58.10 Td (In October 2017, we were named as a defendant in a lawsuit filed by Cox ) Tj ET Q q 0 0 0 rg BT 368.02 58.10 Td (Automotive, Inc. \(Cox ) Tj ET Q q 0 0 0 rg BT 464.95 58.10 Td (Automotive\) in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (Supreme Court of the State of New ) Tj ET Q q 0 0 0 rg BT 179.21 46.10 Td (Y) Tj ET Q q 0 0 0 rg BT 185.43 46.10 Td (ork in the County of Nassau \(the Cox ) Tj ET Q q 0 0 0 rg BT 341.52 46.10 Td (Automotive Litigation\). ) Tj ET Q q 0 0 0 rg BT 443.45 46.10 Td (As it relates to us, the ) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (complaint in the Cox ) Tj ET Q q 0 0 0 rg BT 122.10 742.10 Td (Automotive Litigation seeks an award of unspecified damages, disgor) Tj ET Q q 0 0 0 rg BT 401.57 742.10 Td (gement, return of property taken or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (retained, injunctive relief and attorneys) Tj ET Q q 0 0 0 rg BT 195.47 730.10 Td ( fees. ) Tj ET Q q 0 0 0 rg BT 218.89 730.10 Td (The complaint in the Cox ) Tj ET Q q 0 0 0 rg BT 323.04 730.10 Td (Automotive Litigation alleges that we engaged in tortious ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (interference with a contractual relationship between Cox ) Tj ET Q q 0 0 0 rg BT 264.52 718.10 Td (Automotive and one of its former employees, among other claims against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (the former Cox ) Tj ET Q q 0 0 0 rg BT 99.04 706.10 Td (Automotive employee, who is also named as a defendant in the lawsuit. On October 20, 2017, the court granted a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (temporary restraining order prohibiting us from employing the former Cox ) Tj ET Q q 0 0 0 rg BT 337.04 694.10 Td (Automotive employee pending the court) Tj ET Q q 0 0 0 rg BT 501.45 694.10 Td (s ruling on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (request by Cox ) Tj ET Q q 0 0 0 rg BT 98.50 682.10 Td (Automotive for the entry of a preliminary injunction. On November 13, 2017, oral ar) Tj ET Q q 0 0 0 rg BT 438.23 682.10 Td (gument was held on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (request by Cox ) Tj ET Q q 0 0 0 rg BT 98.50 670.10 Td (Automotive for the entry of a preliminaryinjunction. On January 23, 2018, the court dissolved the temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (restraining order and denied the request by Cox ) Tj ET Q q 0 0 0 rg BT 228.17 658.10 Td (Automotive for the entry of a preliminary injunction. On February 27, 2018, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (parties filed a stipulation of discontinuance, which terminated the case. ) Tj ET Q q 0 0 0 rg BT 331.27 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 339.91 646.10 Td (e were not required to make any monetary payment or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (provide any other consideration in exchange for the stipulation of discontinuance. In light of the termination of the litigation on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (this basis, we do not believe a loss is probable. However) Tj ET Q q 0 0 0 rg BT 261.66 622.10 Td (, if similar litigation is filed against us, we may incur significant legal fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (settlements or damage awards as a result. If any such matters are not resolved in our favor) Tj ET Q q 0 0 0 rg BT 395.75 610.10 Td (, losses arising from the results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (litigation or settlements, as well as ongoing defense costs, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 399.04 598.10 Td (fect on our business, financial condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 562.10 Td (As a public company) Tj ET Q q 0 0 0 rg BT 156.05 562.10 Td (, we face the risk of shareholder lawsuits, particularly if we experience declines in the price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (common stock. In the past, following periods of volatility in the overall market and the market prices of a particular company) Tj ET Q q 0 0 0 rg BT 540.85 550.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (securities, securities class action lawsuits have often been instituted against af) Tj ET Q q 0 0 0 rg BT 347.11 538.10 Td (fected companies, and as noted immediately above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (such lawsuits have been instituted against us in the form of the Federal Securities Litigation and the California State Court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (Securities Litigation. ) Tj ET Q q 0 0 0 rg BT 121.82 514.10 Td (Additional lawsuits of this type or similar types, if instituted against us or one or more of our of) Tj ET Q q 0 0 0 rg BT 504.08 514.10 Td (ficers or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (directors, whether arising from alleged facts the same as, similar to, or dif) Tj ET Q q 0 0 0 rg BT 331.00 502.10 Td (ferent from those alleged in the Federal Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (Litigation or the California State Court Securities Litigation, could result in significant legal fees, settlements, or damage awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (as well as the diversion of our management) Tj ET Q q 0 0 0 rg BT 212.34 478.10 Td (s attention and resources, and thus could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 480.94 478.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (business, financial condition, results of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 442.10 Td (e will incur significant legal fees in our defense of the NY) Tj ET Q q 0 0 0 rg BT 312.69 442.10 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 349.90 442.10 Td (Act Litigation and the California Consumer Class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (Action, and we may incur fees associated with additional lawsuits that may be filed against us or one or more of our of) Tj ET Q q 0 0 0 rg BT 510.97 430.10 Td (ficers or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (directors hereafter) Tj ET Q q 0 0 0 rg BT 108.46 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.78 418.10 Td (The legal fees arising from any or all of these matters could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 461.00 418.10 Td (fect on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (condition, results of operations and cash flows.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 382.10 Td (e participate in a highly competitive market, and pressure from existing and new companies may adversely af) Tj ET Q q 0 0 0 rg BT 519.55 382.10 Td (fect our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (business and operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 346.10 Td (e face significant competition from companies that provide listings, information, lead generation, and car) Tj ET Q q 0 0 0 rg BT 500.86 346.10 Td (-buying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (services designed to reach consumers and enable dealers to reach these consumers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 310.10 Td (Our competitors of) Tj ET Q q 0 0 0 rg BT 147.91 310.10 Td (fer various products and services that compete with us. Some of these competitors include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 286.10 Td (Internet search engines and online automotive sites such as Google, ) Tj ET Q q 0 0 0 rg BT 344.43 286.10 Td (AutoT) Tj ET Q q 0 0 0 rg BT 370.18 286.10 Td (rader) Tj ET Q q 0 0 0 rg BT 390.17 286.10 Td (.com, eBay Motors, ) Tj ET Q q 0 0 0 rg BT 471.27 286.10 Td (Autoweb.com ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 112.26 274.10 Td (Autobytel.com\), Edmunds.com, KBB.com, Car) Tj ET Q q 0 0 0 rg BT 302.34 274.10 Td (gurus.com and Cars.com;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.10 Td (sites operated by automobile manufacturers such as General Motors and Ford;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 226.10 Td (providers of of) Tj ET Q q 0 0 0 rg BT 131.25 226.10 Td (fline, membership-based car) Tj ET Q q 0 0 0 rg BT 244.61 226.10 Td (-buying services such as the Costco ) Tj ET Q q 0 0 0 rg BT 389.03 226.10 Td (Auto Program; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.10 Td (of) Tj ET Q q 0 0 0 rg BT 80.15 202.10 Td (fline automotive classified listings, such as trade periodicals and local newspapers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 178.10 Td (e compete with many of the above-mentioned companies and other companies for a share of car dealers) Tj ET Q q 0 0 0 rg BT 498.06 178.10 Td ( overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (marketing budget for online and of) Tj ET Q q 0 0 0 rg BT 175.50 166.10 Td (fline media marketing spend. ) Tj ET Q q 0 0 0 rg BT 294.45 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 299.86 166.10 Td (o the extent that car dealers view alternative marketing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (media strategies to be superior to ) Tj ET Q q 0 0 0 rg BT 170.78 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 176.54 154.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 203.34 154.10 Td (, we may not be able to maintain or grow the number of ) Tj ET Q q 0 0 0 rg BT 428.66 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 434.41 154.10 Td (rueCar Certified Dealers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.65 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 142.10 Td (rueCar Certified Dealers may sell fewer cars to users of our platform, and our business, operating results and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (condition will be harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 106.10 Td (e also expect that new competitors will continue to enter the automotive retail industry with competing products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (services, which could have an adverse ef) Tj ET Q q 0 0 0 rg BT 198.80 94.10 Td (fect on our revenue,business and financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 70.10 Td (Our competitors could significantly impede our ability to expand and optimize our network of ) Tj ET Q q 0 0 0 rg BT 450.62 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 456.38 70.10 Td (rueCar Certified Dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (and to reach consumers. Our competitors may also develop and market new technologies that render our existing or future products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (and services less competitive, unmarketable or obsolete. In addition, if our competitors develop products or services with similar or ) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (superior functionality to our solutions, we may need to decrease the prices for our solutions in order to remain competitive. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (are unable to maintain our current pricing structure due to competitive pressures, our revenue will be reduced and our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (results will be negatively af) Tj ET Q q 0 0 0 rg BT 146.34 718.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.10 Td (Our current and potential competitors may have significantly more financial, technical, marketing and other resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (than we have, and the ability to devote greater resources to the development, promotion and support of their products and services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 85.90 670.10 Td (, they may have more extensive automotive industry relationships than we have, longer operating histories and greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (name recognition. ) Tj ET Q q 0 0 0 rg BT 110.15 658.10 Td (As a result, these competitors may be better able to respond more quickly with new technologies and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (undertake more extensive marketing or promotional campaigns. In addition, to the extent any of our competitors have existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (relationships with dealers or automobile manufacturers for marketing or data analytics solutions, those dealers and automobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (manufacturers may be unwilling to continue to partner with us. If we are unable to compete with these companies, the demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (our products and services could substantially decline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (In addition, if one or more of our competitors were to mer) Tj ET Q q 0 0 0 rg BT 303.97 586.10 Td (ge or partner with another of our competitors, the change in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (competitive landscape could adversely af) Tj ET Q q 0 0 0 rg BT 200.75 574.10 Td (fect our ability to compete ef) Tj ET Q q 0 0 0 rg BT 316.36 574.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 350.69 574.10 Td (. Our competitors may also establish or strengthen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (cooperative relationships with our current or future third-party data providers, technology partners, or other parties with whom we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (have relationships, thereby limiting our ability to develop, improve and promote our solutions. ) Tj ET Q q 0 0 0 rg BT 416.31 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 424.95 550.10 Td (e may not be able to compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (successfully against current or future competitors, and competitive pressures may harm our revenue, business and financial results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 514.10 Td (e rely) Tj ET Q q 0 0 0 rg BT 93.26 514.10 Td (, in part,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.27 514.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.77 514.10 Td (on Internet search engines to drive traf) Tj ET Q q 0 0 0 rg BT 291.71 514.10 Td (fic to our website, and if we fail to appear prominently in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (search results, our traf) Tj ET Q q 0 0 0 rg BT 129.73 502.10 Td (fic would decline and our business would be adversely af) Tj ET Q q 0 0 0 rg BT 363.16 502.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 478.10 Td (e depend in part on Internet search engines such as Google, Bing and ) Tj ET Q q 0 0 0 rg BT 359.07 478.10 Td (Y) Tj ET Q q 0 0 0 rg BT 365.29 478.10 Td (ahoo! to drive traf) Tj ET Q q 0 0 0 rg BT 437.58 478.10 Td (fic to our website. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (example, when a user types an automobile into an Internet search engine, we rely on a high or) Tj ET Q q 0 0 0 rg BT 411.52 466.10 Td (ganic search ranking of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (webpages in these search results to refer the user to our website. However) Tj ET Q q 0 0 0 rg BT 331.33 454.10 Td (, our ability to maintain high, non-paid search result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (rankings is not within our control. Our competitors) Tj ET Q q 0 0 0 rg BT 242.45 442.10 Td ( Internet search engine optimization ef) Tj ET Q q 0 0 0 rg BT 396.37 442.10 Td (forts may result in their websites ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (receiving a higher search result page ranking than ours, or Internet search engines could revise their methodologies in a way that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (would adversely af) Tj ET Q q 0 0 0 rg BT 111.90 418.10 Td (fect our search result rankings. If Internet search engines modify their search algorithms in ways that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (detrimental to us, or if our competitors) Tj ET Q q 0 0 0 rg BT 193.28 406.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 203.36 406.10 Td (forts are more successful than ours, overall growth in our user base could slow or our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (user base could decline. Internet search engine providers could provide automobile dealer and pricing information directly in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (search results, align with our competitors or choose to develop competing services. Our website has experienced fluctuations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (search result rankings in the past, and we anticipate similar fluctuations in the future. Moreover) Tj ET Q q 0 0 0 rg BT 417.15 370.10 Td (, the use of voice recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (technology) Tj ET Q q 0 0 0 rg BT 79.78 358.10 Td (, such as ) Tj ET Q q 0 0 0 rg BT 115.89 358.10 Td (Alexa, Google ) Tj ET Q q 0 0 0 rg BT 176.16 358.10 Td (Assistant or Siri, may drive traf) Tj ET Q q 0 0 0 rg BT 302.06 358.10 Td (fic away from search engines, which could reduce traf) Tj ET Q q 0 0 0 rg BT 518.73 358.10 Td (fic to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 71.00 346.10 Td (Any reduction in the number of users directed to our website through Internet search engines could harm our business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (operating results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 310.10 Td (The failure to maintain our brand would harm our ability to grow unique visitor traf) Tj ET Q q 0 0 0 rg BT 410.67 310.10 Td (fic and to expand our dealer ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.10 Td (Maintaining and enhancing the ) Tj ET Q q 0 0 0 rg BT 198.45 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.21 274.10 Td (rueCar brand lar) Tj ET Q q 0 0 0 rg BT 269.55 274.10 Td (gely depends on the success of our ef) Tj ET Q q 0 0 0 rg BT 418.49 274.10 Td (forts to maintain the trust of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (users and ) Tj ET Q q 0 0 0 rg BT 75.81 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 81.57 262.10 Td (rueCar Certified Dealers and to deliver value to each of our users and ) Tj ET Q q 0 0 0 rg BT 361.55 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 367.31 262.10 Td (rueCar Certified Dealers. If our existing or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (potential users perceive that we are not focused primarily on providing them with a better car) Tj ET Q q 0 0 0 rg BT 408.72 250.10 Td (-buying experience or if dealers do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (not perceive ) Tj ET Q q 0 0 0 rg BT 87.46 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.22 238.10 Td (rueCar as of) Tj ET Q q 0 0 0 rg BT 141.90 238.10 Td (fering a compelling value proposition, our reputation and the strength of our brand will be adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 226.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.10 Td (Complaints or negative publicity about our business practices, our marketing and advertising campaigns, our compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (with applicable laws and regulations, the integrity of the data that we provide to users, data privacy and security issues, and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (aspects of our business, irrespective of their validity) Tj ET Q q 0 0 0 rg BT 243.63 178.10 Td (, could diminish users) Tj ET Q q 0 0 0 rg BT 333.99 178.10 Td ( and dealers) Tj ET Q q 0 0 0 rg BT 384.33 178.10 Td ( confidence in and use of our products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (services and adversely af) Tj ET Q q 0 0 0 rg BT 136.05 166.10 Td (fect our brand. ) Tj ET Q q 0 0 0 rg BT 196.95 166.10 Td (These concerns could also diminish the trust of existing and potential af) Tj ET Q q 0 0 0 rg BT 484.20 166.10 Td (finity group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (marketing partners. ) Tj ET Q q 0 0 0 rg BT 116.07 154.10 Td (There can be no assurance that we will be able to maintain or enhance our brand, and failure to do so would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (harm our business growth prospects and operating results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 118.10 Td (Our ability to enhance our current product of) Tj ET Q q 0 0 0 rg BT 250.34 118.10 Td (ferings, or grow complementary product of) Tj ET Q q 0 0 0 rg BT 426.82 118.10 Td (ferings, may be limited, which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (could negatively impact our growth rate, revenues and financial performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 82.10 Td (As we introduce new of) Tj ET Q q 0 0 0 rg BT 167.35 82.10 Td (ferings, such as our automotive trade-in pilot program, or enhance existing products and services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (on our platform we may incur losses or otherwise fail to enter these markets successfully) Tj ET Q q 0 0 0 rg BT 390.80 70.10 Td (. Our expansion into these markets may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (place us in competitive and regulatory environments with which we are unfamiliar and involves various risks, including the need to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (invest significant resources and the possibility that returns on such investments will not be achieved for several years, if at all. In ) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (attempting to establish our new product of) Tj ET Q q 0 0 0 rg BT 205.23 742.10 Td (ferings we expect to incur significant expenses and face various other challenges, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (as expanding our sales force and technology teams or management personnel to cover these markets and complying with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (complicated regulations that may apply to these markets. In addition, we may not successfully demonstrate the value of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (expanded or complementary products to dealers or consumers, and failure to do so would compromise our ability to successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (expand our user experience and could harm our growth rate, revenue and operating performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 670.10 Td (If we suf) Tj ET Q q 0 0 0 rg BT 98.93 670.10 Td (fer a significant interruption in our ability to gain access to third-party data, we may be unable to maintain key ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (aspects of our user experience, including the T) Tj ET Q q 0 0 0 rg BT 228.40 658.10 Td (rueCar Curve, and our business and operating results will suf) Tj ET Q q 0 0 0 rg BT 482.73 658.10 Td (fer) Tj ET Q q 0 0 0 rg BT 493.84 658.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 634.10 Td (Our business relies on our ability to analyze data for the benefit of our users and the ) Tj ET Q q 0 0 0 rg BT 400.77 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.53 634.10 Td (rueCar Certified Dealers in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (network. ) Tj ET Q q 0 0 0 rg BT 73.59 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.23 622.10 Td (e use data obtained pursuant to agreements with third parties to power certain aspects of the user experience on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (platform, including the ) Tj ET Q q 0 0 0 rg BT 130.24 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 136.00 610.10 Td (rueCar Curve, a graphical distribution of what others paid for the same make and model of car) Tj ET Q q 0 0 0 rg BT 512.82 610.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (addition, the ef) Tj ET Q q 0 0 0 rg BT 96.08 598.10 Td (fectiveness of our user acquisition ef) Tj ET Q q 0 0 0 rg BT 242.79 598.10 Td (forts depends in part on the availability of data relating to existing and potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (users of our platform. If we are unable to renew data agreements, or utilize alternative data sources, as certain agreements expire, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (and we experience a material disruption in the data provided to us, the information that we provide to our users and ) Tj ET Q q 0 0 0 rg BT 499.57 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 505.33 574.10 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (Certified Dealers may be limited, the quality of this information may suf) Tj ET Q q 0 0 0 rg BT 326.30 562.10 Td (fer) Tj ET Q q 0 0 0 rg BT 337.00 562.10 Td (, the user experience may be negatively af) Tj ET Q q 0 0 0 rg BT 505.07 562.10 Td (fected and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (certain functionality on our platform may be disabled, and our business, financial condition, results of operations and cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 181.03 538.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 514.10 Td (Our business is subject to risks related to the larger automotive ecosystem, including consumer demand, global supply ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (chain challenges and other macroeconomic issues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (Decreases in consumer demand could adversely af) Tj ET Q q 0 0 0 rg BT 273.96 478.10 Td (fect the market for automobile purchases and, as a result, reduce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (number of consumers using our platform. Consumer purchases of new and used automobiles generally decline during recessionary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (periods and other periods in which disposable income is adversely af) Tj ET Q q 0 0 0 rg BT 311.30 454.10 Td (fected. For example, the number of new vehicle sales in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (United States decreased from approximately 16.1 million in 2007 to approximately 10.4 million in 2009, according to the Bureau ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (of Economic ) Tj ET Q q 0 0 0 rg BT 89.32 430.10 Td (Analysis. ) Tj ET Q q 0 0 0 rg BT 129.14 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 135.25 430.10 Td (arious economic uncertainties, including stock market and commodity pricing volatility) Tj ET Q q 0 0 0 rg BT 485.07 430.10 Td (, could lead to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (such a downturn that may impact our business. Purchases of new and used automobiles are typically discretionary for consumers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (and have been, and may continue to be, af) Tj ET Q q 0 0 0 rg BT 204.09 406.10 Td (fected by negative trends in the economy) Tj ET Q q 0 0 0 rg BT 367.82 406.10 Td (, including the cost of ener) Tj ET Q q 0 0 0 rg BT 474.28 406.10 Td (gy and gasoline, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (availability and cost of credit, reductions in business and consumer confidence, stock market volatility) Tj ET Q q 0 0 0 rg BT 444.96 394.10 Td (, new tarif) Tj ET Q q 0 0 0 rg BT 485.59 394.10 Td (fs or border ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (adjustment taxes and increased unemployment. ) Tj ET Q q 0 0 0 rg BT 227.06 382.10 Td (A) Tj ET Q q 0 0 0 rg BT 233.73 382.10 Td ( reduction in the number of automobiles purchased by consumers could adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 370.10 Td (fect automobile dealers and car manufacturers and lead to a reduction in other spending by these constituents, including tar) Tj ET Q q 0 0 0 rg BT 535.18 370.10 Td (geted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (incentive programs. In addition, our business may be negatively af) Tj ET Q q 0 0 0 rg BT 302.14 358.10 Td (fected by challenges to the lar) Tj ET Q q 0 0 0 rg BT 421.63 358.10 Td (ger automotive ecosystem, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (including global supply chain challenges, such as those resulting from the Japanese tsunami in 201) Tj ET Q q 0 0 0 rg BT 430.82 346.10 Td (1 and other macroeconomic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (issues. ) Tj ET Q q 0 0 0 rg BT 64.71 334.10 Td (The foregoing could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 253.05 334.10 Td (fect on our business, results of operations and financial condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 310.10 Td (e may fail to respond adequately to changes in technology and consumer demands that could lead to decreased demand ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (for automobiles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 274.10 Td (In recent years, the market for motor vehicles has been characterized by rapid changes in technology and consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (demands. Self-driving technology) Tj ET Q q 0 0 0 rg BT 173.66 262.10 Td (, ride sharing, transportation networks and other fundamental changes in automotive and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (transportation could have a substantial impact on consumer demand for the purchase or lease of automobiles. If we fail to respond ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (adequately to a decline in the demand for automobile purchases, it could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 432.60 238.10 Td (fect on our business, growth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (operating results, financial condition and prospects.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 202.10 Td (Our unique visitors, revenue and operating results fluctuate due to seasonality) Tj ET Q q 0 0 0 rg BT 385.16 202.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.10 Td (Our revenue trends are a reflection of consumers) Tj ET Q q 0 0 0 rg BT 269.78 178.10 Td ( car buying patterns. ) Tj ET Q q 0 0 0 rg BT 353.37 178.10 Td (Across the automotive industry) Tj ET Q q 0 0 0 rg BT 477.98 178.10 Td (, consumers tend to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (purchase a higher volume of cars in the second and third quarters of each year) Tj ET Q q 0 0 0 rg BT 347.69 166.10 Td (, due in part to the introduction of new vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (models from manufacturers. In the past, these seasonal trends have not been pronounced due the overall growth of our business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (but we expect that in the future our revenues will be af) Tj ET Q q 0 0 0 rg BT 254.35 142.10 Td (fected by these seasonal trends. Our business will also be impacted by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (cyclical trends af) Tj ET Q q 0 0 0 rg BT 104.12 130.10 Td (fecting the overall economy) Tj ET Q q 0 0 0 rg BT 215.37 130.10 Td (, specifically the retail automobile industry) Tj ET Q q 0 0 0 rg BT 386.33 130.10 Td (, as well as by actual or threatened severe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (weather events.) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 742.25 Td (e may require additional capital to pursue our business objectives and respond to business opportunities, challenges or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 730.25 Td (unforeseen circumstances. If capital is not available to us, our operating results, business and financial condition may be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 718.25 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.25 Td (Since our founding, we have raised substantial equity and debt financing to support the growth of our business. Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.25 Td (we intend to continue to make investments to support the growth of our business, we may require additional capital to pursue our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.25 Td (business objectives and respond to business opportunities, challenges or unforeseen circumstances, including to increase our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.25 Td (marketing expenditures to improve our brand awareness, develop new products or services or further improve existing products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.25 Td (and services, enhance our operating infrastructure and acquire complementary businesses and technologies. ) Tj ET Q q 0 0 0 rg BT 468.07 646.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 517.40 646.25 Td (, we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.25 Td (need to engage in equity or debt financings to secure additional funds. However) Tj ET Q q 0 0 0 rg BT 355.22 634.25 Td (, additional funds may not be available when we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.25 Td (need them, on terms that are acceptable to us, or at all. In addition, our current revolving credit facility contains restrictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.25 Td (covenants relating to our capital raising activities and other financial and operational matters, and any debt financing that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (secure in the future could involve further restrictive covenants which may make it more dif) Tj ET Q q 0 0 0 rg BT 400.14 598.25 Td (ficult for us to obtain additional capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.25 Td (and to pursue business opportunities. ) Tj ET Q q 0 0 0 rg BT 186.36 586.25 Td (V) Tj ET Q q 0 0 0 rg BT 192.29 586.25 Td (olatility in the credit markets may also have an adverse ef) Tj ET Q q 0 0 0 rg BT 422.58 586.25 Td (fect on our ability to obtain debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.25 Td (financing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 550.25 Td (If we raise additional funds through further issuances of equity or convertible debt securities, our existing stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.25 Td (could suf) Tj ET Q q 0 0 0 rg BT 72.76 538.25 Td (fer significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.25 Td (those of holders of our common stock. If we are unable to obtain adequate financing or financing on terms satisfactory to us, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.25 Td (we require it, our ability to continue to pursue our business objectives and to respond to business opportunities, challenges or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.25 Td (unforeseen circumstances could be significantly limited, and our business, operating results, financial condition and prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.25 Td (could be adversely af) Tj ET Q q 0 0 0 rg BT 121.06 490.25 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 466.25 Td (e collect, process, store, share, disclose and use personal information and other data, and our actual or perceived ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 454.25 Td (failure to protect such information and data could damage our reputation and brand and harm our business and operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 442.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 418.25 Td (e collect, process, store, share, disclose and use personal information and other data provided by consumers and dealers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 406.25 Td (e rely on encryption and authentication technology licensed from third parties to ef) Tj ET Q q 0 0 0 rg BT 376.01 406.25 Td (fect secure transmission of such information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 394.25 Td (e may need to expend significant resources to protect against security breaches or to address problems caused by breaches. ) Tj ET Q q 0 0 0 rg BT 537.24 394.25 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.25 Td (failure or perceived failure to maintain the security of personal and other data that is provided to us by consumers and dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.25 Td (could harm our reputation and brand and expose us to a risk of loss or litigation and possible liability) Tj ET Q q 0 0 0 rg BT 439.16 370.25 Td (, any of which could harm our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.25 Td (business and operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.25 Td (In addition, from time to time, concerns have been expressed about whether our products, services or processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.25 Td (compromise the privacy of our users. Concerns about our practices with regard to the collection, use or disclosure of personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.25 Td (information or other privacy-related matters, even if unfounded, could harm our business and operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 286.25 Td (There are numerous federal, state and local laws around the world regarding privacy and the collection, processing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.25 Td (storing, sharing, disclosing, using and protecting of personal information and other data, the scope of which are changing, subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.25 Td (to dif) Tj ET Q q 0 0 0 rg BT 57.21 262.25 Td (fering interpretations, and which may be costly to comply with and may be inconsistent between countries and jurisdictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.25 Td (or conflict with other rules. ) Tj ET Q q 0 0 0 rg BT 147.46 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 156.09 250.25 Td (e generally comply with industry standards and are subject to the terms of our privacy policies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.25 Td (privacy-related obligations to third parties. ) Tj ET Q q 0 0 0 rg BT 209.10 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 217.74 238.25 Td (e strive to comply with all applicable laws, policies, legal obligations and industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.25 Td (codes of conduct relating to privacy and data protection, to the extent possible. However) Tj ET Q q 0 0 0 rg BT 389.65 226.25 Td (, it is possible that these obligations may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.25 Td (be interpreted and applied in new ways or in a manner that is inconsistent from one jurisdiction to another and may conflict with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.25 Td (other rules or our practices or that new regulations could be enacted. ) Tj ET Q q 0 0 0 rg BT 311.73 202.25 Td (Any failure or perceived failure by us to comply with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.25 Td (privacy policies, our privacy-related obligations to consumers or other third parties, or our privacy-related legal obligations, or any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (compromise of security that results in the unauthorized release or transfer of sensitive information, which may include personally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.25 Td (identifiable information or other user data, may result in governmental enforcement actions, litigation or public statements against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td (us by consumer advocacy groups or others and could cause consumers and automobile dealers to lose trust in us, which could have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.25 Td (a material adverse ef) Tj ET Q q 0 0 0 rg BT 118.82 142.25 Td (fect on our business. ) Tj ET Q q 0 0 0 rg BT 202.98 142.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 252.88 142.25 Td (, if vendors, developers or other third parties that we work with violate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.25 Td (applicable laws or our policies, such violations may also put consumer or dealer information at risk and could in turn harm our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.25 Td (reputation, business and operating results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 94.25 Td (A) Tj ET Q q 0 0 0 rg BT 69.12 94.25 Td ( significant disruption in service on our website or of our mobile applications could damage our reputation and result ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 82.25 Td (in a loss of consumers, which could harm our business, brand, operating results and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 58.25 Td (Our brand, reputation and ability to attract consumers, af) Tj ET Q q 0 0 0 rg BT 298.97 58.25 Td (finity groups and advertisers depend on the reliable performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.25 Td (of our technology platform and content delivery) Tj ET Q q 0 0 0 rg BT 227.51 46.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.33 46.25 Td (W) Tj ET Q q 0 0 0 rg BT 240.97 46.25 Td (e have on occasion in the past and may in the future experience interruptions ) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (with our systems. Interruptions in these systems, whether due to system failures, computer viruses, denial-of-service attacks or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (physical or electronic break-ins, could af) Tj ET Q q 0 0 0 rg BT 199.09 730.10 Td (fect the security or availability of our products and services on our website and mobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (application, and prevent or inhibit the ability of consumers to access our products and services. Problems with the reliability or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (security of our systems or with the upgrading and architectural unification of those system could harm our reputation, result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (loss of consumers, dealers and af) Tj ET Q q 0 0 0 rg BT 168.00 694.10 Td (finity group marketing partners, and result in additional costs. In addition, a significant disruption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (in our billing systems could af) Tj ET Q q 0 0 0 rg BT 157.20 682.10 Td (fect our ability to match automobile purchases with users that obtained a Guaranteed Savings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (Certificate and delay or prevent us from submitting invoices to ) Tj ET Q q 0 0 0 rg BT 289.64 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 295.40 670.10 Td (rueCar Certified Dealers, receiving payment for such invoices and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (recognizing revenue related to such purchases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 634.10 Td (Although we are developing a unified architecture, our systems currently employ multiple software platforms. ) Tj ET Q q 0 0 0 rg BT 514.65 634.10 Td (As we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (upgrade our system architecture we may encounter challenges that could impact our business, and our ability to quickly change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (aspects of our consumer and dealer experiences may be limited. During the third quarter of 2016 we began hosting certain of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (systems using an enterprise cloud computing provider; however) Tj ET Q q 0 0 0 rg BT 291.38 598.10 Td (, a substantial portion of the computer hardware and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (communications and network infrastructure used to operate our website, mobile applications and billing systems continues to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (located at co-location facilities in Los ) Tj ET Q q 0 0 0 rg BT 188.72 574.10 Td (Angeles and Chicago. ) Tj ET Q q 0 0 0 rg BT 278.71 574.10 Td (Although we have two locations, our systems are not fully redundant. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (In addition, we do not own or control the operation of these facilities. Our systems and operations are vulnerable to damage or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (interruption from fire, flood, power loss, telecommunications failure, terrorist attacks, acts of war) Tj ET Q q 0 0 0 rg BT 425.20 550.10 Td (, denial-of-service attacks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (electronic and physical break-ins, computer viruses, earthquakes and similar events. ) Tj ET Q q 0 0 0 rg BT 374.32 538.10 Td (The occurrence of any of these events could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (result in damage to our systems and hardware or could cause them to fail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.10 Td (Problems faced by our third-party web hosting providers could adversely af) Tj ET Q q 0 0 0 rg BT 374.51 502.10 Td (fect the experience of our consumers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (dealers. Such providers could close their facilities without adequate notice. ) Tj ET Q q 0 0 0 rg BT 337.57 490.10 Td (Any financial dif) Tj ET Q q 0 0 0 rg BT 405.70 490.10 Td (ficulties, up to and including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 80.34 478.10 Td (, faced by our third-party web hosting providers or any of the service providers with whom they contract may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (negative ef) Tj ET Q q 0 0 0 rg BT 79.96 466.10 Td (fects on our business, the nature and extent of which are dif) Tj ET Q q 0 0 0 rg BT 318.04 466.10 Td (ficult to predict. If our third-party web hosting providers are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (unable to keep up with our growing capacity needs, our business could be harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (Any errors, defects, disruptions, or other performance or reliability problems with our network operations could cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (interruptions in access to our products as well as delays and additional expense in arranging new facilities and services and could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (harm our reputation, business, operating results and financial condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 382.10 Td (e have begun utilizing an enterprise cloud computing provider to operate certain aspects of our service and any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (disruption of or interference with our use of these operations could adversely af) Tj ET Q q 0 0 0 rg BT 363.60 370.10 Td (fect our business operations and financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 334.10 Td (e utilize a cloud-based computing platform operated by a third party in connection with certain aspects of our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 82.47 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.11 322.10 Td (e are in the process of architecting our software and computer systems so as to utilize cloud-based data processing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (storage capabilities and other cloud-based services. ) Tj ET Q q 0 0 0 rg BT 242.87 310.10 Td (A) Tj ET Q q 0 0 0 rg BT 249.54 310.10 Td ( portion of our computing processes are cloud-based, and we are working to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (significantly increase our use of enterprise cloud services. ) Tj ET Q q 0 0 0 rg BT 269.53 298.10 Td (As a result, now and increasingly going forward, any disruption of or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (interference with the use of these cloud services, including disruptions due to system failures, denial-of-service or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (cyberattacks and computer viruses, or an interruption to the third-party systems or in the infrastructure which allows us to connect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (to the third-party systems for an extended period, may impact our ability to operate the business and could adversely impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (operations and our business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 226.10 Td (e are currently evaluating implementation of a new enterprise resource planning \(ERP\) software solution. If we do not ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (appropriately manage this project, our operations could be significantly disrupted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 190.10 Td (e are currently evaluating implementation of a new ERP) Tj ET Q q 0 0 0 rg BT 305.19 190.10 Td ( software solution. ) Tj ET Q q 0 0 0 rg BT 381.66 190.10 Td (This project could have a significant impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (on our business processes, information systems and internal controls, and will require significant change management, investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (in capital and personnel resources, and coordination of numerous software and system providers and internal business teams. ) Tj ET Q q 0 0 0 rg BT 538.18 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 546.82 166.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (may experience dif) Tj ET Q q 0 0 0 rg BT 112.45 154.10 Td (ficulties as we manage these changes and transition to a new ERP) Tj ET Q q 0 0 0 rg BT 375.05 154.10 Td ( solution, including loss or corruption of data, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (decreases in productivity as our personnel implement and become familiar with the new systems and processes, unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (expenses \(including increased costs of implementation or costs of conducting business\) and lost revenues. Dif) Tj ET Q q 0 0 0 rg BT 475.44 130.10 Td (ficulties in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (implementing a new ERP) Tj ET Q q 0 0 0 rg BT 138.11 118.10 Td ( solution could disrupt our operations, divert management) Tj ET Q q 0 0 0 rg BT 372.51 118.10 Td (s attention from key strategic initiatives, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (have an adverse ef) Tj ET Q q 0 0 0 rg BT 109.94 106.10 Td (fect on our results of operations, financial condition and cash flow) Tj ET Q q 0 0 0 rg BT 374.49 106.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 82.10 Td (Failure to adequately protect our intellectual property could harm our business and operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 58.10 Td (Our business depends on our intellectual property) Tj ET Q q 0 0 0 rg BT 270.19 58.10 Td (, the protection of which is crucial to the success of our business. ) Tj ET Q q 0 0 0 rg BT 532.45 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 541.09 58.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (rely on a combination of patent, trademark, trade secret and copyright law) Tj ET Q q 0 0 0 rg BT 331.63 46.10 Td (, and contractual restrictions to protect our intellectual ) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (property) Tj ET Q q 0 0 0 rg BT 69.23 742.10 Td (. In addition, we attempt to protect our intellectual property) Tj ET Q q 0 0 0 rg BT 306.00 742.10 Td (, technology and confidential information by requiring our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (employees and consultants to enter into confidentiality and assignment of inventions agreements and third parties to enter into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (nondisclosure agreements. ) Tj ET Q q 0 0 0 rg BT 144.40 718.10 Td (These agreements may not ef) Tj ET Q q 0 0 0 rg BT 261.39 718.10 Td (fectively prevent unauthorized use or disclosure of our confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (information, intellectual property) Tj ET Q q 0 0 0 rg BT 168.36 706.10 Td (, or technology and may not provide an adequate remedy in the event of unauthorized use or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (disclosure of our confidential information, intellectual property) Tj ET Q q 0 0 0 rg BT 288.33 694.10 Td (, or technology) Tj ET Q q 0 0 0 rg BT 347.94 694.10 Td (. Despite our ef) Tj ET Q q 0 0 0 rg BT 409.41 694.10 Td (forts to protect our proprietary rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (unauthorized parties may attempt to copy aspects of our website features, software and functionality or obtain and use information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (that we consider proprietary) Tj ET Q q 0 0 0 rg BT 147.81 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (Competitors may adopt service names similar to ours, thereby harming our ability to build brand identity and possibly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.10 Td (leading to user confusion. In addition, there could be potential trade name or trademark infringement claims brought by owners of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (other registered trademarks or trademarks that incorporate variations of the term T) Tj ET Q q 0 0 0 rg BT 369.68 622.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 396.33 622.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 598.10 Td (e currently hold the T) Tj ET Q q 0 0 0 rg BT 171.36 598.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 198.02 598.10 Td (.com and T) Tj ET Q q 0 0 0 rg BT 251.80 598.10 Td (rue.com Internet domain names as well as various other related domain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (names. ) Tj ET Q q 0 0 0 rg BT 66.37 586.10 Td (The regulation of domain names in the United States is subject to change. Regulatory bodies could establish additional top-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (level domains, appoint additional domain name registrars or modify the requirements for holding domain names. ) Tj ET Q q 0 0 0 rg BT 489.51 574.10 Td (As a result, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (may not be able to acquire or maintain all domain names that use the name ) Tj ET Q q 0 0 0 rg BT 337.67 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 343.42 562.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 370.08 562.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 538.10 Td (e may in the future be subject to intellectual property disputes, which are costly to defend and could harm our business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (and operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 502.10 Td (e may from time to time face allegations that we have infringed the trademarks, copyrights, patents and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (intellectual property rights of third parties, including from our competitors or non-practicing entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 466.10 Td (Patent and other intellectual property litigation may be protracted and expensive, and the results are dif) Tj ET Q q 0 0 0 rg BT 483.90 466.10 Td (ficult to predict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (and may require us to stop of) Tj ET Q q 0 0 0 rg BT 152.46 454.10 Td (fering some features, purchase licenses or modify our products and features while we develop non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (infringing substitutes or may result in significant settlement costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 418.10 Td (In addition, we use open source software in our products and will use open source software in the future. From time to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (time, we may face claims against companies that incorporate open source software into their products, claiming ownership of, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (demanding release of, the source code, the open source software or derivative works that were developed using such software, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (otherwise seeking to enforce the terms of the applicable open source license. ) Tj ET Q q 0 0 0 rg BT 344.87 382.10 Td (These claims could also result in litigation, require us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (to purchase a costly license or require us to devote additional research and development resources to change our platform or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (services, any of which would have a negative ef) Tj ET Q q 0 0 0 rg BT 227.69 358.10 Td (fect on our business and operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (Even if these matters do not result in litigation or are resolved in our favor or without significant cash settlements, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (matters, and the time and resources necessary to litigate or resolve them, could harm our business, our operating results and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (reputation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 286.10 Td (Complying with the laws and regulations af) Tj ET Q q 0 0 0 rg BT 242.30 286.10 Td (fecting public companies has increased our costs and the demands on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (management and could harm our operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.10 Td (As a public company) Tj ET Q q 0 0 0 rg BT 156.05 250.10 Td (, we incur significant legal, accounting, and other expenses that we did not incur as a private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (company and these expenses will increase now that, ef) Tj ET Q q 0 0 0 rg BT 254.35 238.10 Td (fective December 31, 2017, we are no longer an emer) Tj ET Q q 0 0 0 rg BT 473.24 238.10 Td (ging growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (company) Tj ET Q q 0 0 0 rg BT 72.01 226.10 Td (. In addition, the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 210.58 226.10 Td (Act and rules implemented by the SEC and NASDAQ impose various requirements on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (public companies, including requiring changes in corporate governance practices. Our management and other personnel devote a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (substantial amount of time to these compliance initiatives. Moreover) Tj ET Q q 0 0 0 rg BT 310.25 202.10 Td (, these rules and regulations have increased and will continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (to increase our legal, accounting and financial compliance costs and have made, and will continue to make, some activities more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (time consuming and costly) Tj ET Q q 0 0 0 rg BT 142.84 178.10 Td (. For example, these rules and regulations make it more dif) Tj ET Q q 0 0 0 rg BT 378.14 178.10 Td (ficult and more expensive for us to obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (director and of) Tj ET Q q 0 0 0 rg BT 94.68 166.10 Td (ficer liability insurance, and we may be required to accept reduced policy limits and coverage or to incur substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (costs to maintain the same or similar coverage. ) Tj ET Q q 0 0 0 rg BT 226.04 154.10 Td (These rules and regulations could also make it more dif) Tj ET Q q 0 0 0 rg BT 447.74 154.10 Td (ficult for us to attract and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (retain qualified persons to serve on our board of directors or our board committees or as executive of) Tj ET Q q 0 0 0 rg BT 439.30 142.10 Td (ficers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 118.10 Td (As we are no longer an emer) Tj ET Q q 0 0 0 rg BT 191.21 118.10 Td (ging growth company, our independent registered public accounting firm is now required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (to undertake an assessment of our internal control over financial reporting. ) Tj ET Q q 0 0 0 rg BT 336.46 106.10 Td (As a consequence, the cost of our compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (Section 404 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 177.36 94.10 Td (Act \(Section 404\) has correspondingly increased. Our compliance with applicable provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (of Section 404 requires that we incur substantial accounting expense and expend significant management time on compliance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (related issues as we implement additional corporate governance practices and comply with reporting requirements. Moreover) Tj ET Q q 0 0 0 rg BT 536.81 70.10 Td (, if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (we or our independent registered public accounting firm identifies deficiencies in our internal control over financial reporting that ) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (are deemed to be material weaknesses, the market price of our stock could decline and we could be subject to sanctions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (investigations by the SEC or other regulatory authorities, which would require additional financial and management resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.10 Td (Furthermore, investor perceptions of our company may suf) Tj ET Q q 0 0 0 rg BT 307.87 706.10 Td (fer if, in the future, material weaknesses are found, and this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (could cause a decline in the market price of our stock. Irrespective of compliance with Section 404, any failure of our internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (control over financial reporting could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 292.65 682.10 Td (fect on our stated operating results and harm our reputation. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (are unable to implement these changes ef) Tj ET Q q 0 0 0 rg BT 200.75 670.10 Td (fectively or ef) Tj ET Q q 0 0 0 rg BT 256.65 670.10 Td (ficiently) Tj ET Q q 0 0 0 rg BT 289.32 670.10 Td (, it could harm our operations, financial reporting or financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (results and could result in an adverse opinion on internal control from our independent registered public accounting firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 634.10 Td (In addition, we have previously taken advantage of the Jumpstart Our Business Startups ) Tj ET Q q 0 0 0 rg BT 425.82 634.10 Td (Act of 2012's reduced disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (requirements applicable to "emer) Tj ET Q q 0 0 0 rg BT 168.46 622.10 Td (ging growth companies" regarding executive compensation and exemptions from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (requirements of holding advisory say-on-pay votes on executive compensation. ) Tj ET Q q 0 0 0 rg BT 355.74 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 364.37 610.10 Td (e are no longer eligible for such reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (disclosure requirements and exemptions and as such, we will be required to hold a say-on-pay vote and a say-on-frequency vote at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (our 2018 annual meeting of stockholders. ) Tj ET Q q 0 0 0 rg BT 204.02 586.10 Td (As a result, we expect that our loss of emer) Tj ET Q q 0 0 0 rg BT 381.00 586.10 Td (ging growth company status will require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (additional attention from management and will result in increased costs to us, which could include higher legal fees, accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (fees and fees associated with investor relations activities, among others.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 538.10 Td (e may acquire other companies or technologies, which could divert our management) Tj ET Q q 0 0 0 rg BT 421.52 538.10 Td (s attention, result in additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (dilution to our stockholders and otherwise disrupt our operations and harm our operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.10 Td (Our success will depend, in part, on our ability to grow our business in response to the demands of consumers, dealers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (other constituents within the automotive industry) Tj ET Q q 0 0 0 rg BT 231.71 490.10 Td (, as well as competitive pressures. In some circumstances, we may determine to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.10 Td (do so through the acquisition of complementary businesses and technologies rather than through internal development, such as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (acquisition of ) Tj ET Q q 0 0 0 rg BT 92.66 466.10 Td (ALG in 201) Tj ET Q q 0 0 0 rg BT 140.62 466.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 150.44 466.10 Td (The identification of suitable acquisition candidates can be dif) Tj ET Q q 0 0 0 rg BT 399.06 466.10 Td (ficult, time-consuming and costly) Tj ET Q q 0 0 0 rg BT 532.83 466.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (we may not be able to successfully complete identified acquisitions. ) Tj ET Q q 0 0 0 rg BT 310.47 454.10 Td (The risks we face in connection with acquisitions include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (diversion of management time and focus from operating our business to addressing acquisition integration challenges;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (coordination of technology) Tj ET Q q 0 0 0 rg BT 179.66 406.10 Td (, research and development and sales and marketing functions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (transition of the acquired company) Tj ET Q q 0 0 0 rg BT 214.18 382.10 Td (s users to our website and mobile applications;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 358.10 Td (retention of employees from the acquired company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (cultural challenges associated with integrating employees from the acquired company into our or) Tj ET Q q 0 0 0 rg BT 459.47 334.10 Td (ganization;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 310.10 Td (integration of the acquired company) Tj ET Q q 0 0 0 rg BT 219.72 310.10 Td (s accounting, management information, human resources and other administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 298.10 Td (systems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.10 Td (the need to implement or improve controls, procedures and policies at a business that prior to the acquisition may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 262.10 Td (lacked ef) Tj ET Q q 0 0 0 rg BT 108.18 262.10 Td (fective controls, procedures and policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.10 Td (potential write-of) Tj ET Q q 0 0 0 rg BT 141.52 238.10 Td (fs of intangibles or other assets acquired in such transactions that may have an adverse ef) Tj ET Q q 0 0 0 rg BT 497.61 238.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 226.10 Td (operating results in a given period;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 202.10 Td (liability for activities of the acquired company before the acquisition, including patent and trademark infringement claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.10 Td (violations of laws, commercial disputes, tax liabilities, and other known and unknown liabilities; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.10 Td (litigation or other claims in connection with the acquired company) Tj ET Q q 0 0 0 rg BT 337.66 166.10 Td (, including claims from terminated employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 154.10 Td (consumers, former stockholders or other third parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 130.10 Td (Our failure to address these risks or other problems encountered in connection with our past or future acquisitions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (investments could cause us to fail to realize the anticipated benefits of these acquisitions or investments, cause us to incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (unanticipated liabilities, and harm our business generally) Tj ET Q q 0 0 0 rg BT 263.34 106.10 Td (. Future acquisitions could also result in dilutive issuances of our equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (securities, the incurrence of debt, contingent liabilities, amortization expenses, or the write-of) Tj ET Q q 0 0 0 rg BT 409.86 94.10 Td (f of goodwill, any of which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (harm our financial condition. ) Tj ET Q q 0 0 0 rg BT 154.58 82.10 Td (Also, the anticipated benefits of any acquisitions may not materialize.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 742.25 Td (If our intangible assets and goodwill become impaired we may be required to record a significant non-cash charge to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 730.25 Td (earnings which would materially and adversely af) Tj ET Q q 0 0 0 rg BT 240.83 730.25 Td (fect our results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 706.25 Td (e had goodwill and intangible assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.66 706.25 Td ($69.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.55 706.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.77 706.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.35 706.25 Td (. Under accounting principles generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.25 Td (accepted in the United States, we review our goodwill for impairment annually in the fourth quarter of each fiscal year) Tj ET Q q 0 0 0 rg BT 509.87 694.25 Td (, or more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.25 Td (frequently if events or changes in circumstances indicate the carrying value may not be fully recoverable. ) Tj ET Q q 0 0 0 rg BT 459.81 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 468.45 682.25 Td (e review our intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.25 Td (assets for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.25 Td (While we have not recognized any impairment char) Tj ET Q q 0 0 0 rg BT 242.67 658.25 Td (ges since our inception, we may recognize impairment char) Tj ET Q q 0 0 0 rg BT 480.46 658.25 Td (ges in future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.25 Td (periods in connection with our acquisitions or from other businesses we may seek to acquire in the future. ) Tj ET Q q 0 0 0 rg BT 461.55 646.25 Td (The carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.25 Td (our goodwill and intangible assets may not be recoverable due to factors such as a decline in our stock price and market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.25 Td (capitalization, reduced estimates of future revenues or cash flows, or slower growth rates in our industry) Tj ET Q q 0 0 0 rg BT 452.72 622.25 Td (. Estimates of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.25 Td (revenues and cash flows are based on a long-term financial outlook of our operations. ) Tj ET Q q 0 0 0 rg BT 380.61 610.25 Td (Actual performance in the near) Tj ET Q q 0 0 0 rg BT 504.79 610.25 Td (-term or long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (term could be materially dif) Tj ET Q q 0 0 0 rg BT 147.45 598.25 Td (ferent from these forecasts, which could impact future estimates and the recorded value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.25 Td (intangibles. For example, a significant, sustained decline in our stock price and market capitalization may result in impairment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.25 Td (our intangible assets, including goodwill, and a significant char) Tj ET Q q 0 0 0 rg BT 289.10 574.25 Td (ge to earnings in our consolidated financial statements during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.25 Td (period in which an impairment is determined to exist. In the event we had to reduce the carrying value of our goodwill or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.25 Td (intangible assets, any such impairment char) Tj ET Q q 0 0 0 rg BT 210.21 550.25 Td (ge could materially and adversely af) Tj ET Q q 0 0 0 rg BT 355.25 550.25 Td (fect our results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 526.25 Td (If our ability to use our net operating loss carryforwards and other tax attributes is limited, we may not receive the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 514.25 Td (benefit of those assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 490.25 Td (e had federal net operating loss carryforwards of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.48 490.25 Td ($393.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.37 490.25 Td ( and state net operating loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.25 Td (carryforwards of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.67 478.25 Td ($247.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.56 478.25 Td ( at December31, 2017. ) Tj ET Q q 0 0 0 rg BT 320.18 478.25 Td (The federal and state net operating loss carryforwards begin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.25 Td (to expire in the years ending December 31, 2025 and 2018, respectively) Tj ET Q q 0 0 0 rg BT 322.76 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 327.21 466.25 Td (At December31, 2017, we had federal and state research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.25 Td (and development credit carryforwards of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.02 454.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.91 454.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.35 454.25 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.24 454.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 431.90 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 436.72 454.25 Td (The federal credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.25 Td (carryforwards begin to expire in the year ending December 31, 2028. ) Tj ET Q q 0 0 0 rg BT 314.88 442.25 Td (The state credit carryforwards can be carried forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.25 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 81.45 430.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.25 Td (The Internal Revenue Code of 1986, as amended \(IRC\), imposes substantial restrictions on the utilization of net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.25 Td (operating losses and other tax attributes in the event of an ownership change of a corporation. ) Tj ET Q q 0 0 0 rg BT 421.15 394.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 470.49 394.25 Td (, our ability to use pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.25 Td (change net operating loss and research tax credits may be limited as prescribed under IRC Sections 382 and 383. ) Tj ET Q q 0 0 0 rg BT 489.02 382.25 Td (Therefore, if we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.25 Td (generate taxable income in the future, our ability to reduce our federal income tax liability may be subject to limitation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 346.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.17 346.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 128.10 346.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 172.26 346.25 Td (change ) Tj ET Q q 0 0 0 rg BT 203.07 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.90 346.25 Td (more ) Tj ET Q q 0 0 0 rg BT 236.95 346.25 Td (than ) Tj ET Q q 0 0 0 rg BT 256.67 346.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 277.50 346.25 Td (over ) Tj ET Q q 0 0 0 rg BT 297.77 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.71 346.25 Td (three) Tj ET Q /GS0 gs q 3.00 0 0 10.09 324.69 344.09 cm /I22 Do Q q 0 0 0 rg BT 327.69 346.25 Td (year ) Tj ET Q q 0 0 0 rg BT 347.40 346.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 377.94 346.25 Td (along ) Tj ET Q q 0 0 0 rg BT 402.66 346.25 Td (with ) Tj ET Q q 0 0 0 rg BT 422.94 346.25 Td (other ) Tj ET Q q 0 0 0 rg BT 445.98 346.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 491.26 346.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 527.65 346.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.25 Td (certain state and local jurisdictions, may limit the amount of net operating losses and credits that we may utilize in any one year) Tj ET Q q 0 0 0 rg BT 546.13 334.25 Td (. ) Tj ET Q q 0 0 0 rg BT 550.58 334.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.25 Td (a result of historical equity issuances, we have determined that the annual utilization of our net operating losses and tax credits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.25 Td (subject to the provisions of IRC Sections 382 and 383. Future changes in our stock ownership, including future equity of) Tj ET Q q 0 0 0 rg BT 518.80 310.25 Td (ferings, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.25 Td (well as other changes that may be outside our control, could potentially result in further limitations on our ability to utilize our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.25 Td (operating loss and credit carryforwards. For example, the ) Tj ET Q q 0 0 0 rg BT 267.41 286.25 Td (T) Tj ET Q q 0 0 0 rg BT 272.82 286.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 284.20 286.25 Td (Act described below includes changes to the U.S. federal corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.25 Td (income tax rate, and our net operating loss carryforwards and other deferred tax assets and liabilities will be revalued at the newly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.25 Td (enacted rate.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 238.25 Td (Changes in applicable tax regulations and resolutions of tax disputes could negatively af) Tj ET Q q 0 0 0 rg BT 427.29 238.25 Td (fect our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 214.25 Td (The Company is subject to taxation in the U.S. On December 22, 2017, the U.S. government enacted comprehensive tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.25 Td (legislation commonly referred to as the ) Tj ET Q q 0 0 0 rg BT 195.21 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 200.62 202.25 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 270.07 202.25 Td (Act \(the T) Tj ET Q q 0 0 0 rg BT 314.91 202.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 326.29 202.25 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 353.32 202.25 Td (The changes included in the ) Tj ET Q q 0 0 0 rg BT 467.82 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 473.23 202.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 484.62 202.25 Td (Act are broad and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.25 Td (complex and, among other items, reduce the corporate tax rate. ) Tj ET Q q 0 0 0 rg BT 290.44 190.25 Td (The final transition impacts of the ) Tj ET Q q 0 0 0 rg BT 428.55 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 433.96 190.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 445.35 190.25 Td (Act may dif) Tj ET Q q 0 0 0 rg BT 492.93 190.25 Td (fer from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (estimates provided elsewhere in this report, possibly materially) Tj ET Q q 0 0 0 rg BT 288.07 178.25 Td (, due to, among other things, changes in interpretations of the ) Tj ET Q q 0 0 0 rg BT 535.60 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 541.01 178.25 Td (ax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.25 Td (Act, any legislative action to address questions that arise because of the ) Tj ET Q q 0 0 0 rg BT 324.34 166.25 Td (T) Tj ET Q q 0 0 0 rg BT 329.75 166.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 341.14 166.25 Td (Act, and any changes in accounting standards for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td (income taxes or related interpretations in response to the ) Tj ET Q q 0 0 0 rg BT 264.35 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 269.76 154.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 281.15 154.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 300.41 154.25 Td (The ) Tj ET Q q 0 0 0 rg BT 318.28 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 323.69 154.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 335.07 154.25 Td (Act, or future changes in tax laws applicable to us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.25 Td (could materially increase our future income tax expense.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.75 106.25 Td (Risks Related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.36 106.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.86 106.25 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.19 106.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.69 106.25 Td (Ownership of Our) Tj ET Q q 0 0 0 rg BT 339.85 106.25 Td ( Common Stock) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 82.25 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 82.25 Td (e may fail to meet our publicly announced guidance or other expectations about our business and future operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 70.25 Td (results, which would cause our stock price to decline.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 742.10 Td (e have provided and may continue to provide guidance about our business and future operating results, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (financial results for the quarter ending March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.10 730.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 730.10 Td (, as well as the year ending December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.20 730.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.20 730.10 Td (, as part of our press releases, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (investor conference calls or otherwise. In developing this guidance, our management must make certain assumptions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (judgments about our future performance. For example, in the second quarter of 2015, our business results varied significantly from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (guidance for the quarter and the price of our common stock declined. Our future business results may vary significantly from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (management) Tj ET Q q 0 0 0 rg BT 89.87 682.10 Td (s guidance due to a number of factors, many of which are outside of our control, and which could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 84.40 670.10 Td (fect our operations, financial condition and operating results. If our publicly announced guidance of future operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (results fails to meet expectations of securities analysts, investors or other interested parties, the price of our common stock could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 622.10 Td (Concentration of ownership among our existing executive of) Tj ET Q q 0 0 0 rg BT 312.56 622.10 Td (ficers, directors, their af) Tj ET Q q 0 0 0 rg BT 411.54 622.10 Td (filiates and holders of 5% or more ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (of our outstanding commons stock may prevent new investors from influencing significant corporate decisions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 586.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.03 586.10 Td (, our executive of) Tj ET Q q 0 0 0 rg BT 244.82 586.10 Td (ficers, directors and holders of 5% or more of our outstanding common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (beneficially own, in the aggregate, approximately 68% of our outstanding shares of common stock. Some of these persons or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (entities may have interests that are dif) Tj ET Q q 0 0 0 rg BT 187.43 562.10 Td (ferent from yours. For example, these stockholders may support proposals and actions with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (which you may disagree or which are not in your interests. ) Tj ET Q q 0 0 0 rg BT 272.98 550.10 Td (These stockholders are able to exercise a significant level of control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (over all matters requiring stockholder approval, including the election of directors, amendment of our certificate of incorporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (and approval of significant corporate transactions. ) Tj ET Q q 0 0 0 rg BT 238.80 526.10 Td (This control could have the ef) Tj ET Q q 0 0 0 rg BT 358.30 526.10 Td (fect of delaying or preventing a change of control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (of our company or changes in management and will make the approval of certain transactions dif) Tj ET Q q 0 0 0 rg BT 424.30 514.10 Td (ficult or impossible without the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (support of these stockholders, which in turn could reduce the price of our common stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 478.10 Td (The price of our common stock has been and may continue to be volatile, and the value of your investment could decline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (The trading price of our common stock has been volatile since our initial public of) Tj ET Q q 0 0 0 rg BT 401.17 454.10 Td (fering and is likely to continue to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (fluctuate substantially) Tj ET Q q 0 0 0 rg BT 123.38 442.10 Td (. For the fiscal year ended December 31, 2017, the trading price of our common stock fluctuated from a low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (of $10.16 per share to a high of $21.75 per share. ) Tj ET Q q 0 0 0 rg BT 235.21 430.10 Td (The trading price of our common stock depends on a number of factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (including those described in this Risk Factors section, many of which are beyond our control and may not be related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (operating performance. ) Tj ET Q q 0 0 0 rg BT 131.61 406.10 Td (These fluctuations could cause you to lose all or part of your investment in our common stock since you ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (might be unable to sell your shares at or above the price you paid. Factors that could cause fluctuations in the trading price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (common stock include the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 358.10 Td (price and volume fluctuations in the overall stock market from time to time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (volatility in the market prices and trading volumes of high technology stocks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 310.10 Td (changes in operating performance and stock market valuations of other technology companies generally) Tj ET Q q 0 0 0 rg BT 487.31 310.10 Td (, or those in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 298.10 Td (industry in particular;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.10 Td (sales of shares of our common stock by us or our stockholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.10 Td (failure of securities analysts to maintain coverage of us, changes in financial estimates by any securities analysts who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.10 Td (follow our company) Tj ET Q q 0 0 0 rg BT 152.44 238.10 Td (, or our failure to meet these estimates or the expectations of investors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 214.10 Td (announcements by us or our competitors of new products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.10 Td (the public) Tj ET Q q 0 0 0 rg BT 114.49 190.10 Td (s reaction to our press releases, other public announcements and filings with the SEC;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.10 Td (rumors and market speculation involving us or other companies in our industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 142.10 Td (actual or anticipated changes in our operating results or fluctuations in our operating results;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 118.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 118.10 Td (actual or anticipated developments in our business, our competitors) Tj ET Q q 0 0 0 rg BT 344.24 118.10 Td ( businesses or the competitive landscape generally;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 94.10 Td (our ability tocontrol costs, including our operating expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 70.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 70.10 Td (litigation involving us, our industry or both, or investigations by regulators into our operations or those of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 58.10 Td (competitors;) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (developments or disputes concerning our intellectual property or other proprietary rights;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 718.10 Td (announced or completed acquisitions of businesses or technologies by us or our competitors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.10 Td (new laws or regulations or new interpretations of existing laws or regulations applicable to our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 670.10 Td (changes in accounting standards, policies, guidelines, interpretations or principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (any significant change in our management;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 622.10 Td (conditions in the automobile industry; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 598.10 Td (general economic conditions and slow or negative growth of our markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 574.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 97.63 574.10 Td (fect of such factors on the trading market for our stock may be enhanced by the lack of a lar) Tj ET Q q 0 0 0 rg BT 464.81 574.10 Td (ge and established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (trading market for our stock. In addition, the stock market in general, and the market for technology companies in particular) Tj ET Q q 0 0 0 rg BT 531.55 562.10 Td (, have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (of those companies. Broad market and industry factors may seriously af) Tj ET Q q 0 0 0 rg BT 323.24 538.10 Td (fect the market price of our common stock, regardless of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (our actual operating performance. ) Tj ET Q q 0 0 0 rg BT 173.44 526.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 223.34 526.10 Td (, as a public company) Tj ET Q q 0 0 0 rg BT 309.61 526.10 Td (, we face the risk of shareholder lawsuits, particularly if we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (experience declines in the price of our common stock. In the past, following periods of volatility in the overall market and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (market prices of a particular company) Tj ET Q q 0 0 0 rg BT 190.65 502.10 Td (s securities, securities class action lawsuits have often been instituted against af) Tj ET Q q 0 0 0 rg BT 508.16 502.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 83.58 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 92.22 490.10 Td (e have been, and may in the future be, subject to such legal actions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 466.10 Td (Sales of substantial amounts of our common stock in the public markets, or the perception that such sales might occur) Tj ET Q q 0 0 0 rg BT 549.73 466.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (could depress the market price of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (The market price for our common stock could decline as a result of the sale of substantial amounts of our common stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (particularly sales by our directors, executive of) Tj ET Q q 0 0 0 rg BT 223.80 418.10 Td (ficers and significant stockholders, a lar) Tj ET Q q 0 0 0 rg BT 383.01 418.10 Td (ge number of shares of our common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (becoming available for sale or the perception in the market that holders of a lar) Tj ET Q q 0 0 0 rg BT 351.81 406.10 Td (ge number of shares intend to sell their shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 382.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 382.10 Td (, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.34 382.10 Td (100.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.23 382.10 Td ( shares of our common stock were outstanding. In addition, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 370.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.00 370.10 Td (16.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.89 370.10 Td ( shares underlying options and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.59 370.10 Td (4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.48 370.10 Td ( shares underlying restricted stock units. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (these additional shares are sold, or if it is perceived that they will be sold in the public market, the trading price of our stock could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (decline. Under Rule 144, shares held by non-af) Tj ET Q q 0 0 0 rg BT 224.37 346.10 Td (filiates for more than six months may generally be sold without restriction, other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (than a current public information requirement, and may be sold freely without any restrictions after one year) Tj ET Q q 0 0 0 rg BT 468.91 334.10 Td (. Shares held by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 322.10 Td (filiates may also be sold under Rule 144, subject to applicable restrictions, including volume and manner of sale limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 298.10 Td (In January 2017, we filed a shelf registration statement on Form S-3 under which the Company may) Tj ET Q q 0 0 0 rg BT 472.09 298.10 Td (, from time to time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (sell securities up to a total dollar amount of $100 million, and selling stockholders may sell, from time to time, up to 20 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (shares of common stock \(the 2017 Shelf Registration\) pursuant to which we may of) Tj ET Q q 0 0 0 rg BT 379.35 274.10 Td (fer and sell from time to time up to $100 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (million of securities of any combination of common stock, preferred stock, debt securities, warrants, depositary shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (subscription rights and/or units at prices and on terms that we may determine, and pursuant to which up to 20 million shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (common stock may be of) Tj ET Q q 0 0 0 rg BT 136.91 238.10 Td (fered and sold from time to time by selling stockholders. ) Tj ET Q q 0 0 0 rg BT 365.85 238.10 Td (The 2017 Shelf Registration was declared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 226.10 Td (fective by the SEC on February 6, 2017. On May 2, 2017, an of) Tj ET Q q 0 0 0 rg BT 298.08 226.10 Td (fering pursuant to the 2017 Shelf Registration was ef) Tj ET Q q 0 0 0 rg BT 509.53 226.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 538.77 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 547.41 226.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (sold 1.15 million shares of the Company's common stock and certain selling stockholders sold 9.2 million shares of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (in the of) Tj ET Q q 0 0 0 rg BT 69.14 202.10 Td (fering) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 93.02 202.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 178.10 Td (e or selling stockholders may periodically of) Tj ET Q q 0 0 0 rg BT 258.74 178.10 Td (fer additional securities in amounts, prices and terms to be announced when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (and if the securities are of) Tj ET Q q 0 0 0 rg BT 139.38 166.10 Td (fered. ) Tj ET Q q 0 0 0 rg BT 164.37 166.10 Td (At the time any of the securities covered by the 2017 Shelf Registration are of) Tj ET Q q 0 0 0 rg BT 476.32 166.10 Td (fered for sale, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (prospectus supplement will be prepared and filed with the SEC containing specific information about the terms of any such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 142.10 Td (fering.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 118.10 Td (Y) Tj ET Q q 0 0 0 rg BT 68.00 118.10 Td (ou may experience future dilution as a result of future equity of) Tj ET Q q 0 0 0 rg BT 329.77 118.10 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.41 94.10 Td (o the extent that we raise additional funds through the sale of equity or convertible debt securities, the issuance of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (securities will result in dilution to our stockholders. ) Tj ET Q q 0 0 0 rg BT 244.40 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.04 82.10 Td (e may sell shares or other securities in any other of) Tj ET Q q 0 0 0 rg BT 456.13 82.10 Td (fering at a price per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (that is less than the price per share paid by investors in the past, and investors purchasing shares or other securities in the future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (could have rights superior to existing stockholders. ) Tj ET Q q 0 0 0 rg BT 242.45 58.10 Td (The price per share at which we sell additional shares of our common stock, or ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 742.10 Td (securities convertible or exchangeable into common stock, in future transactions may be higher or lower than the price per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (paid in the past.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 706.10 Td (Anti-takeover provisions contained in our certificate of incorporation and bylaws, as well as provisions of Delaware law) Tj ET Q q 0 0 0 rg BT 555.15 706.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (could impair a takeover attempt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 670.10 Td (Our certificate of incorporation, bylaws and Delaware law contain provisions which could have the ef) Tj ET Q q 0 0 0 rg BT 479.17 670.10 Td (fect of rendering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (more dif) Tj ET Q q 0 0 0 rg BT 69.97 658.10 Td (ficult, delaying, or preventing an acquisition deemed undesirable by our board of directors. Our corporate governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (documents include provisions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 622.10 Td (creating a classified board of directors whose members serve staggered three-year terms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 598.10 Td (authorizing blank check preferred stock, which could be issued by our board of directors without stockholder approval ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (and may contain voting, liquidation, dividend and other rights superior to our common stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 562.10 Td (limiting the liability of, and providing indemnification to, our directors and of) Tj ET Q q 0 0 0 rg BT 383.15 562.10 Td (ficers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 538.10 Td (limiting the ability of our stockholders to call and bring business before special meetings;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 514.10 Td (requiring advance notice of stockholder proposals for business to be conducted at meetings of our stockholders and for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.10 Td (nominations of candidates for election to our board of directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (controlling the procedures for the conduct and scheduling of board of directors and stockholder meetings; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (providing our board of directors with the express power to postpone previously scheduled annual meetings and to cancel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 442.10 Td (previously scheduled special meetings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 418.10 Td (These provisions, alone or together) Tj ET Q q 0 0 0 rg BT 212.40 418.10 Td (, could delay or prevent hostile takeovers and changes in control or changes in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (As a Delaware corporation, we are also subject to provisions of Delaware law) Tj ET Q q 0 0 0 rg BT 382.63 382.10 Td (, including Section 203 of the Delaware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (General Corporation law) Tj ET Q q 0 0 0 rg BT 134.76 370.10 Td (, which prevents some stockholders holding more than 15% of our outstanding common stock from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (engaging in certain business combinations without approval of the holders of substantially all of our outstanding common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (Any provision of our certificate of incorporation, bylaws or Delaware law that has the ef) Tj ET Q q 0 0 0 rg BT 425.86 334.10 Td (fect of delaying or deterring a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (change in control could limit the opportunity for our stockholders to receive a premium for their shares of our common stock, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (could also af) Tj ET Q q 0 0 0 rg BT 86.91 310.10 Td (fect the price that some investors are willing to pay for our common stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 286.10 Td (If securities or industry analysts do not publish or cease publishing research or reports about us, our business or our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (market, or if they change their recommendations regarding our stock adversely) Tj ET Q q 0 0 0 rg BT 361.45 274.10 Td (, our stock price and trading volume could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (decline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.10 Td (The trading market for our common stock is influenced by the research and reports that industry or securities analysts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (may publish about us, our business, our market or our competitors. If any of the analysts who may cover us change their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (recommendation regarding our stock adversely) Tj ET Q q 0 0 0 rg BT 223.62 214.10 Td (, or provide more favorable relative recommendations about our competitors, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (stock price would likely decline. If any analyst who may cover us were to cease coverage of our company or fail to regularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td (publish reports on us, we could lose visibility in the financial markets, which in turn could cause our stock price or trading volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (to decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.15 154.10 Td (e do not expect to declare any dividends in the foreseeable future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 130.10 Td (e do not anticipate declaring any cash dividends to holders of our common stock in the foreseeable future. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (the terms of our credit facility currently prohibit us from paying cash dividends on our capital stock. Consequently) Tj ET Q q 0 0 0 rg BT 493.57 118.10 Td (, investors may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (need to rely on sales of their common stock after price appreciation, which may never occur) Tj ET Q q 0 0 0 rg BT 403.79 106.10 Td (, as the only way to realize any future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (gains on their investment. Investors seeking cash dividends should not purchase our common stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (Item 1B. Unr) Tj ET Q q 0 0 0 rg BT 94.70 58.10 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td () Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (None.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 737.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (Item 2. ) Tj ET Q q 0 0 0 rg BT 72.00 725.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.37 725.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 713.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 701.10 Td (e maintain our principal of) Tj ET Q q 0 0 0 rg BT 187.09 701.10 Td (fices in Santa Monica, California. ) Tj ET Q q 0 0 0 rg BT 324.37 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.01 701.10 Td (e currently lease approximately 38,000 square feet at 120 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (Broadway in Santa Monica, under a lease that expires in December 2025, and approximately 34,000 square feet at 1401 Ocean ) Tj ET Q q 0 0 0 rg BT 545.55 689.10 Td (A) Tj ET Q q 0 0 0 rg BT 552.03 689.10 Td (venue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (in Santa Monica that expires in 2029. ) Tj ET Q q 0 0 0 rg BT 188.01 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 196.65 677.10 Td (e also lease approximately 38,000 square feet at 13215 Bee Cave Parkway in ) Tj ET Q q 0 0 0 rg BT 506.55 677.10 Td (Austin, ) Tj ET Q q 0 0 0 rg BT 538.04 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 543.45 677.10 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (that expires in 2027. ) Tj ET Q q 0 0 0 rg BT 119.97 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 128.61 665.10 Td (e maintain additional leased spaces in several other Santa Monica locations as well as spaces in San Francisco, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (California, and Denver) Tj ET Q q 0 0 0 rg BT 127.51 653.10 Td (, Colorado. ) Tj ET Q q 0 0 0 rg BT 174.54 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.18 653.10 Td (e believe that our facilities are adequate to meet our needs for the immediate future, and that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (should it be needed, we will be able to secure additional space to accommodate any such expansion of our operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 629.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (Item 3. ) Tj ET Q q 0 0 0 rg BT 72.00 617.10 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 108.75 617.10 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 605.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 593.10 Td (Refer to the disclosure under the heading Legal Proceedings in Note 6 Commitments and Contingencies to our annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (consolidated financial statements included in Part II, Item 8 of this report for legal proceedings, which disclosure is incorporated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (reference into this Item 3 of Part I.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 557.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (Item) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.99 545.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.49 545.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 72.00 545.10 Td (Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 165.70 545.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 533.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (Not applicable.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (P) Tj ET Q q 0 0 0 rg BT 41.37 749.25 Td (AR) Tj ET Q q 0 0 0 rg BT 55.46 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 61.95 749.25 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 737.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (Item 5. ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (Market for) Tj ET Q q 0 0 0 rg BT 119.29 725.25 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 169.74 725.25 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 246.43 725.25 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 338.19 725.25 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 421.61 725.25 Td ( Pur) Tj ET Q q 0 0 0 rg BT 440.04 725.25 Td (chases of Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.49 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.99 725.25 Td (Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 713.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (Market Information for) Tj ET Q q 0 0 0 rg BT 138.02 701.25 Td ( Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 689.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.25 Td (Our common stock has been listed on ) Tj ET Q q 0 0 0 rg BT 224.85 677.25 Td (The NASDAQ Global Select Market under the symbol TRUE since May 16, 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (Our initial public of) Tj ET Q q 0 0 0 rg BT 115.53 665.25 Td (fering was priced at $9.00 per share. Prior to that date, there was no public trading market for our common stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (The following table sets forth for the periods indicated the high and low sale prices per share of our common stock as reported on ) Tj ET Q q 0 0 0 rg BT 556.22 653.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (NASDAQ Global Select Market:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 631.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 597.15 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 597.15 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 597.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 597.15 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 597.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 597.15 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 597.15 4.00 -14.00 re f /GS0 gs 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 609.15 m 512.5 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 609.15 m 576.5 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 597.15 m 372.5 597.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 597.15 m 440.5 597.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 597.15 m 508.5 597.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 597.15 m 576.5 597.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.20 613.23 Td (Y) Tj ET Q q 0 0 0 rg BT 326.53 613.23 Td (ear) Tj ET Q q 0 0 0 rg BT 337.12 613.23 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 397.85 613.23 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.70 613.23 Td (Y) Tj ET Q q 0 0 0 rg BT 462.03 613.23 Td (ear) Tj ET Q q 0 0 0 rg BT 472.62 613.23 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 533.35 613.23 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 601.23 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.05 601.23 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.40 601.23 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.55 601.23 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.40 601.23 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 587.72 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 587.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 587.72 Td (15.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 587.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 587.72 Td (12.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 587.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 587.72 Td (9.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.00 587.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 587.72 Td (4.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 573.72 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 573.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 573.72 Td (19.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 573.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 573.72 Td (13.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 573.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 573.72 Td (7.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.00 573.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 573.72 Td (5.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 559.72 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 559.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 559.72 Td (21.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 559.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 559.72 Td (14.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 559.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 559.72 Td (1) Tj ET Q q 0 0 0 rg BT 487.15 559.72 Td (1.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.00 559.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 559.72 Td (7.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 545.72 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 545.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 545.72 Td (16.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 545.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 545.72 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 545.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 545.72 Td (13.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.00 545.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 545.72 Td (8.47) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.00 532.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 520.05 Td (Holders of Record) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 508.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 496.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 496.05 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 496.05 Td (February22, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.04 496.05 Td (, there were 132 holders of record of our common stock. ) Tj ET Q q 0 0 0 rg BT 397.84 496.05 Td (The actual number of stockholders is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 484.05 Td (greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 472.05 Td (name by brokers and other nominees. ) Tj ET Q q 0 0 0 rg BT 188.28 472.05 Td (This number of holders of record also does not include stockholders whose shares may be held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 460.05 Td (in trust by other entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 448.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 436.05 Td (Dividend Policy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 424.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 412.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 412.05 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 412.05 Td (e have never declared or paid cash dividends on our common stock. ) Tj ET Q q 0 0 0 rg BT 353.98 412.05 Td (W) Tj ET Q q 0 0 0 rg BT 362.62 412.05 Td (e currently intend to retain all available funds and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 400.05 Td (any future earnings for use in the operation of our business and do not anticipate paying any dividends on our common stock in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 388.05 Td (foreseeable future. ) Tj ET Q q 0 0 0 rg BT 112.35 388.05 Td (Any future determination to declare dividends will be made at the discretion of our board of directors and will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 376.05 Td (depend on our financial condition, operating results, capital requirements, general business conditions, any restrictions on paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 364.05 Td (dividends, including the current restriction on our ability to pay dividends under our credit facility) Tj ET Q q 0 0 0 rg BT 427.75 364.05 Td (, and other factors that our board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 352.05 Td (directors may deem relevant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 340.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 328.05 Td (Pur) Tj ET Q q 0 0 0 rg BT 51.93 328.05 Td (chases of Equity Securities by the Issuer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.04 328.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.54 328.05 Td (and ) Tj ET Q q 0 0 0 rg BT 243.61 328.05 Td (Affiliated Pur) Tj ET Q q 0 0 0 rg BT 302.59 328.05 Td (chasers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 316.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 304.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 304.05 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 292.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 280.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 79.60 280.05 Td (Authorized for) Tj ET Q q 0 0 0 rg BT 143.02 280.05 Td ( Issuance Under) Tj ET Q q 0 0 0 rg BT 211.74 280.05 Td ( Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 268.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 256.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 256.05 Td (See Note 8 of the consolidated financial statements herein regarding information about securities authorized for issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 244.05 Td (under our equity compensation plans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 220.05 Td (Sales of Unr) Tj ET Q q 0 0 0 rg BT 88.04 220.05 Td (egister) Tj ET Q q 0 0 0 rg BT 116.18 220.05 Td (ed Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 208.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 196.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 196.05 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 184.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 172.05 Td (Use of Pr) Tj ET Q q 0 0 0 rg BT 75.25 172.05 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 113.10 172.05 Td (om Public Offering of Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 148.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 148.05 Td (On May 2, 2017, we closed a public of) Tj ET Q q 0 0 0 rg BT 227.34 148.05 Td (fering of 1,150,000 shares of common stock sold by us and 9,200,000 shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 136.05 Td (common stock sold by selling stockholders. ) Tj ET Q q 0 0 0 rg BT 213.30 136.05 Td (The public of) Tj ET Q q 0 0 0 rg BT 267.00 136.05 Td (fering price of the shares sold was $16.50 per share. ) Tj ET Q q 0 0 0 rg BT 477.30 136.05 Td (W) Tj ET Q q 0 0 0 rg BT 485.94 136.05 Td (e received aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 124.05 Td (net proceeds of $17.4 million, net of underwriting discounts, commissions, and of) Tj ET Q q 0 0 0 rg BT 363.27 124.05 Td (fering costs of $1.6 million. ) Tj ET Q q 0 0 0 rg BT 476.69 124.05 Td (W) Tj ET Q q 0 0 0 rg BT 485.33 124.05 Td (e did not received any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 112.05 Td (proceeds from the sale of shares by the selling stockholders. ) Tj ET Q q 0 0 0 rg BT 278.81 112.05 Td (The of) Tj ET Q q 0 0 0 rg BT 305.00 112.05 Td (fer and sale of all of the shares in the of) Tj ET Q q 0 0 0 rg BT 463.09 112.05 Td (fering were registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 100.05 Td (under the Securities ) Tj ET Q q 0 0 0 rg BT 117.37 100.05 Td (Act pursuant to a registration statement on Form S-3 \(File No.333-215614\). Goldman, Sachs&Co., J.P) Tj ET Q q 0 0 0 rg BT 533.99 100.05 Td (. Mor) Tj ET Q q 0 0 0 rg BT 556.03 100.05 Td (gan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 88.05 Td (RBC Capital Markets, JMP) Tj ET Q q 0 0 0 rg BT 145.63 88.05 Td ( Securities, B. Riley & Co., Craig-Hallum Capital Group, Stephens Inc., and Loop Capital Markets acted as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 76.05 Td (the underwriters. ) Tj ET Q q 0 0 0 rg BT 106.07 76.05 Td (There has been no material change in the planned use of proceeds from the of) Tj ET Q q 0 0 0 rg BT 416.32 76.05 Td (fering as described in our final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 64.05 Td (prospectus filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 169.88 64.05 Td (April 27, 2017 pursuant to Rule424\(b\).) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (Stock Performance Graph) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 701.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 689.25 Td (The following shall not be deemed soliciting material or to be filed for purposes of Section 18 of the Exchange ) Tj ET Q q 0 0 0 rg BT 535.19 689.25 Td (Act, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (incorporated by reference into any of our other filings under the Exchange ) Tj ET Q q 0 0 0 rg BT 335.33 677.25 Td (Act or the Securities ) Tj ET Q q 0 0 0 rg BT 419.20 677.25 Td (Act of 1933, as amended, except to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (extent we specifically incorporate it by reference into such filing. ) Tj ET Q q 0 0 0 rg BT 299.33 665.25 Td (The following graph shows a comparison from May 16, 2014 \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (date our common stock commenced trading on the NASDAQ Global Select Market\) through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.08 653.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.66 653.25 Td ( of the cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (total return for our common stock,the Nasdaq Composite Index \(NASDAQ Composite\), and the RDG Internet Composite. ) Tj ET Q q 0 0 0 rg BT 530.74 641.25 Td (The graph ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (assumes that $100 was invested at the market close on May 16, 2014 in our common stock, the NASDAQ Composite and the RDG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Internet Composite, and the data for the NASDAQ Composite and the RDG Internet Composite assumes reinvestments of dividends. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (As discussed above, we have never declared or paid a cash dividend on our common stock and do not anticipate declaring or paying a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (cash dividend in the foreseeable future. ) Tj ET Q q 0 0 0 rg BT 195.48 593.25 Td (The stock price performance of the following graph is not necessarily indicative of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (stock price performance.) Tj ET Q /GS0 gs q 540.00 0 0 404.85 36.00 171.42 cm /I23 Do Q BT /F1 10.00 Tf ET endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item 6. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 725.25 Td (e have derived the following selected consolidated statement of operations data for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 725.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.68 725.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 713.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.44 713.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.44 713.25 Td ( and the selected consolidated balance sheet data at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.29 713.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.87 713.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.31 713.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.31 713.25 Td ( from our audited consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (financial statements included elsewhere herein. ) Tj ET Q q 0 0 0 rg BT 227.41 701.25 Td (W) Tj ET Q q 0 0 0 rg BT 236.04 701.25 Td (e have derived the selected consolidated statement of operations data for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.38 689.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.96 689.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.40 689.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.40 689.25 Td (, and the consolidated balance sheet data at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.05 689.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.63 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.63 689.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.63 689.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.07 689.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.07 689.25 Td ( from our audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (consolidated financial statements which are not included in this ) Tj ET Q q 0 0 0 rg BT 291.77 677.25 Td (Annual Report on Form 10-K. Our historical results are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (necessarily indicative of the results that may be expected in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 653.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.22 641.25 Td (ou should read the following selected consolidated financial and other data together with the section titled Management) Tj ET Q q 0 0 0 rg BT 563.62 641.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Discussion and ) Tj ET Q q 0 0 0 rg BT 98.78 629.25 Td (Analysis of Financial Condition and Results of Operations and our consolidated financial statements, related notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 617.25 Td (other ) Tj ET Q q 0 0 0 rg BT 75.99 617.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.47 617.25 Td (information ) Tj ET Q q 0 0 0 rg BT 163.18 617.25 Td (included ) Tj ET Q q 0 0 0 rg BT 200.11 617.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 242.59 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.87 617.25 Td (this ) Tj ET Q q 0 0 0 rg BT 269.26 617.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 301.20 617.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 330.92 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.42 617.25 Td (Form10) Tj ET Q /GS0 gs q 3.00 0 0 10.09 377.59 615.09 cm /I24 Do Q q 0 0 0 rg BT 380.58 617.25 Td (K. ) Tj ET Q q 0 0 0 rg BT 392.63 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 410.67 617.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 445.38 617.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 498.42 617.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 535.90 617.25 Td (data ) Tj ET Q q 0 0 0 rg BT 555.05 617.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (this section is not intended to replace the consolidated financial statements and are qualified in their entirety by the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (financial statements and related notes included elsewhere in this ) Tj ET Q q 0 0 0 rg BT 294.53 593.25 Td (Annual Report on Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 569.25 Td (ConsolidatedStatementsofOperationsData:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 518.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 518.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 518.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 518.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 518.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 518.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 488.75 234.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 488.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 488.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 488.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 488.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 488.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 488.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 488.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 488.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 488.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 448.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 448.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 448.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 448.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 448.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 448.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 418.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 418.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 418.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 418.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 418.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 418.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 388.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 388.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 388.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 388.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 388.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 388.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 388.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 388.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 388.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 388.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 358.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 358.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 358.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 358.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 358.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 358.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 358.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 358.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 358.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 358.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 328.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 328.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 328.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 328.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 328.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 328.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 298.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 298.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 298.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 298.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 298.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 298.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 268.75 234.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 268.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 268.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 268.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 268.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 268.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 268.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 268.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 268.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 268.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 229.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 229.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 229.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 229.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 229.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 229.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 545.75 m 328.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 545.75 m 332.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 545.75 m 390.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 545.75 m 394.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 545.75 m 452.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 545.75 m 456.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 545.75 m 514.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 545.75 m 518.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 545.75 m 576.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 545.75 m 328.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 532.75 m 328.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 545.75 m 390.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 532.75 m 390.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 545.75 m 452.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 532.75 m 452.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 545.75 m 514.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 532.75 m 514.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 545.75 m 576.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 532.75 m 576.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 532.75 m 328.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 532.75 m 390.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 532.75 m 452.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 532.75 m 514.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 532.75 m 576.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 403.75 m 328.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 403.75 m 390.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 403.75 m 452.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 403.75 m 514.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 403.75 m 576.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 403.75 m 328.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 388.75 m 328.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 403.75 m 390.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 388.75 m 390.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 403.75 m 452.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 388.75 m 452.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 403.75 m 514.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 388.75 m 514.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 403.75 m 576.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 388.75 m 576.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 388.75 m 328.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 388.75 m 390.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 388.75 m 452.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 388.75 m 514.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 388.75 m 576.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 328.75 m 328.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 328.75 m 390.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 328.75 m 452.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 328.75 m 514.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 328.75 m 576.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 298.75 m 328.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 298.75 m 390.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 298.75 m 452.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 298.75 m 514.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 298.75 m 576.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 298.75 m 328.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 284.75 m 328.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 282.75 m 328.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 298.75 m 390.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 284.75 m 390.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 282.75 m 390.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 298.75 m 452.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 284.75 m 452.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 282.75 m 452.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 298.75 m 514.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 284.75 m 514.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 282.75 m 514.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 298.75 m 576.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 284.75 m 576.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 282.75 m 576.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 269.75 m 328.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 267.75 m 328.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 269.75 m 390.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 267.75 m 390.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 269.75 m 452.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 267.75 m 452.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 269.75 m 514.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 267.75 m 514.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 269.75 m 576.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 267.75 m 576.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 245.75 m 328.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 243.75 m 328.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 245.75 m 390.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 243.75 m 390.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 245.75 m 452.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 243.75 m 452.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 245.75 m 514.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 243.75 m 514.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 245.75 m 576.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 243.75 m 576.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 215.75 m 328.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 213.75 m 328.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 215.75 m 390.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 213.75 m 390.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 215.75 m 452.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 213.75 m 452.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 215.75 m 514.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 213.75 m 514.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 215.75 m 576.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 213.75 m 576.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 213.75 m 328.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 215.75 m 328.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 193.75 m 328.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 213.75 m 390.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 215.75 m 390.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 193.75 m 390.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 213.75 m 452.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 215.75 m 452.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 193.75 m 452.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 213.75 m 514.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 215.75 m 514.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 193.75 m 514.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 213.75 m 576.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 215.75 m 576.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 193.75 m 576.5 193.75 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 39.00 549.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.70 549.98 Td (Y) Tj ET Q q 0 0 0 rg BT 384.03 549.98 Td (ear) Tj ET Q q 0 0 0 rg BT 394.62 549.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 455.35 549.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.00 536.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.00 536.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 536.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.00 536.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.00 536.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.40 520.88 Td (\(inthousands,exceptshar) Tj ET Q q 0 0 0 rg BT 424.16 520.88 Td (e and per) Tj ET Q q 0 0 0 rg BT 456.01 520.88 Td (shar) Tj ET Q q 0 0 0 rg BT 472.98 520.88 Td (eamounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 508.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 508.42 Td (323,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 508.42 Td (277,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 508.42 Td (259,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 508.42 Td (206,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 508.42 Td (133,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 493.42 Td (Cost and operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 493.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 493.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 493.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 493.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 493.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 478.42 Td (Cost of revenue \(exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 468.42 Td (amortization presented separately below\)\(1\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 468.42 Td (28,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 468.42 Td (25,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 468.42 Td (23,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 468.42 Td (17,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 468.42 Td (15,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 453.42 Td (Sales and marketing \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 453.42 Td (185,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 453.42 Td (154,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 453.42 Td (151,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 453.42 Td (128,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 453.42 Td (75,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 438.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.76 438.42 Td (echnology and development \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 438.42 Td (59,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 438.42 Td (53,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 438.42 Td (48,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 438.42 Td (36,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 438.42 Td (23,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 423.42 Td (General and administrative \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 423.42 Td (61,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 423.42 Td (59,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 423.42 Td (83,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 423.42 Td (58,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 423.42 Td (30,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 408.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 408.42 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 408.42 Td (23,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 408.42 Td (17,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 408.42 Td (13,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 408.42 Td (1) Tj ET Q q 0 0 0 rg BT 550.15 408.42 Td (1,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 393.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 393.42 Td (otal costs and operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 393.42 Td (356,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 393.42 Td (316,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 393.42 Td (323,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 393.42 Td (254,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 393.42 Td (156,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 378.42 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.80 378.47 Td (\(33,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 378.47 Td (\(38,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 378.47 Td (\(63,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 378.47 Td (\(47,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 378.42 Td (\(22,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 363.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 363.42 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 363.42 Td (376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 363.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 363.42 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 363.42 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 348.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 348.47 Td (\(2,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 348.47 Td (\(2,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 348.47 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.30 348.47 Td (\(380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 348.42 Td (\(1,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 333.42 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 333.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 333.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 333.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 333.42 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 333.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 318.42 Td (Loss before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.80 318.47 Td (\(35,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 318.47 Td (\(41,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 318.47 Td (\(64,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 318.47 Td (\(47,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 318.42 Td (\(24,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 303.42 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 303.47 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 303.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 303.42 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 303.42 Td (606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 303.42 Td (640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 303.42 Td (579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 288.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.80 288.47 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 288.47 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 288.47 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 443.63 288.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 288.47 Td (\(48,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 288.42 Td (\(25,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.50 273.42 Td ( Net loss per share, basic and diluted \(2\) \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 273.47 Td (\(0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 273.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.80 273.47 Td (\(0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 273.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 273.47 Td (\(0.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 273.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 273.47 Td (\(0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 273.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 273.42 Td (\(0.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 273.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.50 259.32 Td ( ) Tj ET Q q 0 0 0 rg BT 39.82 259.32 Td (W) Tj ET Q q 0 0 0 rg BT 48.46 259.32 Td (eighted average common shares outstanding, basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 249.32 Td (and diluted \(2\) \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 249.42 Td (94,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 249.42 Td (84,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 249.42 Td (81,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 249.42 Td (70,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 249.42 Td (58,540) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 234.43 Td (Other) Tj ET Q q 0 0 0 rg BT 64.37 234.43 Td ( Financial Information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 219.42 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 125.72 219.42 Td ( \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 219.42 Td (28,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 219.42 Td (15,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 219.42 Td (7,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 219.42 Td (10,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 219.42 Td (2,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 198.42 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.41 198.42 Td ( net income \(loss\) \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 198.42 Td (7,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 198.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 364.13 198.47 Td (1,1) Tj ET Q q 0 0 0 rg BT 376.63 198.47 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 198.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 198.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 426.13 198.47 Td (1,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 198.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 198.47 Td (\(3,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.65 198.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 198.42 Td (\(1) Tj ET Q q 0 0 0 rg BT 550.13 198.42 Td (1,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 198.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 180.75 m 242.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 178.75 m 242.5 178.75 l s BT /F1 10.00 Tf ET endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (The following table presents stock-based compensation expense included in each respective expense category:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 686.60 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 686.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 686.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 686.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 686.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 686.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 656.60 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 656.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 656.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 656.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 656.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 656.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 626.60 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 626.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 626.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 626.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 626.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 626.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 712.6 m 349.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 712.6 m 353.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 712.6 m 406.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 712.6 m 410.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 712.6 m 462.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 712.6 m 466.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 712.6 m 518.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 712.6 m 522.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 712.6 m 576.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 699.6 m 349.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 699.6 m 406.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 699.6 m 462.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 699.6 m 518.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 699.6 m 576.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 626.6 m 349.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 626.6 m 406.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 626.6 m 462.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 626.6 m 518.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 626.6 m 576.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 626.6 m 349.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 612.6 m 349.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 610.6 m 349.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 626.6 m 406.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 612.6 m 406.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 610.6 m 406.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 626.6 m 462.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 612.6 m 462.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 610.6 m 462.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 626.6 m 518.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 612.6 m 518.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 610.6 m 518.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 626.6 m 576.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 612.6 m 576.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 610.6 m 576.5 610.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 729.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 729.83 Td (Y) Tj ET Q q 0 0 0 rg BT 421.78 729.83 Td (ear) Tj ET Q q 0 0 0 rg BT 432.37 729.83 Td (Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 716.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.25 716.83 Td (December) Tj ET Q q 0 0 0 rg BT 447.82 716.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 703.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.00 703.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.50 703.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 703.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 703.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.00 703.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.15 687.73 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 676.27 Td (Cost of revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 676.27 Td (1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 676.27 Td (960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 676.27 Td (792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 676.27 Td (454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 676.27 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 661.27 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 661.27 Td (10,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 661.27 Td (5,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 661.27 Td (4,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 661.27 Td (4,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 661.27 Td (2,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 646.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 646.27 Td (echnology and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 646.27 Td (8,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 646.27 Td (4,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 646.27 Td (4,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 646.27 Td (5,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 646.27 Td (1,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 631.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 631.27 Td (12,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 631.27 Td (13,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 631.27 Td (32,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 631.27 Td (19,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 631.27 Td (4,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 616.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 616.27 Td (otal stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 616.27 Td (32,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 616.27 Td (24,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 616.27 Td (42,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 616.27 Td (29,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 616.27 Td (9,346) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 600.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 588.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 588.10 Td (See Note 10 to our audited consolidated financial statements for an explanation of the calculations of our basic and diluted net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 576.10 Td (loss per share attributable to common stockholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 555.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 555.10 Td (All share, per) Tj ET Q q 0 0 0 rg BT 107.95 555.10 Td (-share and related information has been retroactively adjusted, where applicable, to reflect the impact of a 2-for) Tj ET Q q 0 0 0 rg BT 553.10 555.10 Td (-3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 543.10 Td (reverse stock split, which was ef) Tj ET Q q 0 0 0 rg BT 183.78 543.10 Td (fected on May 2, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 522.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 522.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 128.72 522.10 Td ( is not a measure of our financial performance under GAAP) Tj ET Q q 0 0 0 rg BT 367.71 522.10 Td ( and should not be considered as an alternative to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 510.10 Td (net income, operating income or any other measures derived in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 402.49 510.10 Td (. For a definition of ) Tj ET Q q 0 0 0 rg BT 482.48 510.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 557.20 510.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 498.10 Td (a reconciliation of ) Tj ET Q q 0 0 0 rg BT 128.69 498.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 203.41 498.10 Td ( to net loss, see Non-GAAP) Tj ET Q q 0 0 0 rg BT 318.58 498.10 Td ( Financial Measures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 477.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 477.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 101.41 477.10 Td ( net income \(loss\) is not a measure of our financial performance under GAAP) Tj ET Q q 0 0 0 rg BT 411.77 477.10 Td ( and should not be considered as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 465.10 Td (alternative to net loss or any other measures derived in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 368.90 465.10 Td (. For a definition of Non-GAAP) Tj ET Q q 0 0 0 rg BT 496.85 465.10 Td ( net income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 453.10 Td (and a reconciliation of Non-GAAP) Tj ET Q q 0 0 0 rg BT 193.59 453.10 Td ( net income \(loss\), see Non-GAAP) Tj ET Q q 0 0 0 rg BT 337.08 453.10 Td ( Financial Measures.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 394.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 394.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 394.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 394.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 394.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 394.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 364.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 364.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 364.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 364.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 364.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 364.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 334.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 334.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 334.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 334.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 334.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 334.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 304.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 304.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 304.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 304.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 304.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 304.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 274.60 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 274.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 274.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 274.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 274.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 274.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 420.6 m 344.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 420.6 m 348.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 420.6 m 402.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 420.6 m 406.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 420.6 m 460.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 420.6 m 464.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 420.6 m 518.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 420.6 m 522.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 420.6 m 576.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 407.6 m 344.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 407.6 m 402.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 407.6 m 460.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 407.6 m 518.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 407.6 m 576.5 407.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 424.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.50 424.83 Td (At December) Tj ET Q q 0 0 0 rg BT 449.51 424.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 411.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.00 411.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.00 411.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 411.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.00 411.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.00 411.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 395.73 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 384.28 Td (Selected Consolidated Balance Sheet Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 369.27 Td (Cash and cash equivalents and short term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 369.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 369.27 Td (197,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 369.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 369.27 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 369.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 369.27 Td (1) Tj ET Q q 0 0 0 rg BT 429.15 369.27 Td (12,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 369.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 369.27 Td (147,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 369.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 369.27 Td (43,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 354.27 Td (W) Tj ET Q q 0 0 0 rg BT 48.04 354.27 Td (orking capital, excluding restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 354.27 Td (205,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 354.27 Td (1) Tj ET Q q 0 0 0 rg BT 371.15 354.27 Td (17,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 354.27 Td (1) Tj ET Q q 0 0 0 rg BT 429.15 354.27 Td (13,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 354.27 Td (145,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 354.27 Td (36,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 339.27 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 339.27 Td (70,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 339.27 Td (66,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 339.27 Td (71,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 339.27 Td (30,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 339.27 Td (15,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 324.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 324.27 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 324.27 Td (384,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 324.27 Td (294,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 324.27 Td (302,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 324.27 Td (296,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 324.27 Td (174,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 309.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 309.27 Td (otal indebtedness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 309.27 Td (4,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 294.27 Td (Lease financing obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 294.27 Td (29,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 294.27 Td (28,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 294.27 Td (26,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 294.27 Td (6,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 279.27 Td (Convertible preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 279.27 Td (29,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 264.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 264.27 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 115.04 264.27 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 264.27 Td (313,1) Tj ET Q q 0 0 0 rg BT 330.65 264.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 264.27 Td (224,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 264.27 Td (232,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 264.27 Td (249,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 264.27 Td (1) Tj ET Q q 0 0 0 rg BT 545.15 264.27 Td (12,180) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 84.89 214.10 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 162.48 214.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 202.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 190.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 146.72 190.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 213.56 190.10 Td ( net income \(loss\) are financial measures that are not calculated in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (generally accepted accounting principles in the United States, or GAAP) Tj ET Q q 0 0 0 rg BT 322.03 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 326.84 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 335.48 178.10 Td (e define ) Tj ET Q q 0 0 0 rg BT 369.35 178.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 444.07 178.10 Td ( as net loss adjusted to exclude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (interest income, interest expense, depreciation and amortization, non-cash warrant expense, change in fair value of contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (consideration, stock-based compensation, IPO-related expenses, ticker symbol acquisition costs, certain litigation costs and legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (settlements, severance char) Tj ET Q q 0 0 0 rg BT 144.93 142.10 Td (ges, lease exit costs, and income taxes. ) Tj ET Q q 0 0 0 rg BT 302.48 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.12 142.10 Td (e define Non-GAAP) Tj ET Q q 0 0 0 rg BT 392.95 142.10 Td ( net income \(loss\) as net loss adjusted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (exclude stock-based compensation, non-cash warrant expense, change in the fair value of contingent consideration, IPO-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (expenses, ticker symbol acquisition costs, certain litigation costs and legal settlements, severance char) Tj ET Q q 0 0 0 rg BT 444.31 118.10 Td (ges, and lease exit costs. ) Tj ET Q q 0 0 0 rg BT 544.37 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 553.01 118.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (have provided below a reconciliation of each of ) Tj ET Q q 0 0 0 rg BT 228.70 106.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 303.42 106.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 370.26 106.10 Td ( net income \(loss\) to net loss, the most directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (comparable GAAP) Tj ET Q q 0 0 0 rg BT 112.00 94.10 Td ( financial measure. Neither ) Tj ET Q q 0 0 0 rg BT 222.23 94.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 296.94 94.10 Td ( nor Non-GAAP) Tj ET Q q 0 0 0 rg BT 362.68 94.10 Td ( net income \(loss\) should be considered as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (alternative to net loss or any other measure of financial performance calculated and presented in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 516.63 82.10 Td (. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.28 70.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 126.00 70.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 192.84 70.10 Td ( net income \(loss\) measures may not be comparable to similarly titled measures of other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (or) Tj ET Q q 0 0 0 rg BT 44.15 58.10 Td (ganizations as they may not calculate ) Tj ET Q q 0 0 0 rg BT 195.21 58.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 269.93 58.10 Td ( or Non-GAAP) Tj ET Q q 0 0 0 rg BT 330.66 58.10 Td ( net income \(loss\) in the same manner as we calculate these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (measures.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 749.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 737.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 737.10 Td (e use ) Tj ET Q q 0 0 0 rg BT 102.85 737.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 177.57 737.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 244.42 737.10 Td ( net income \(loss\) as operating performance measures as each is \(i\) an integral part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (of our reporting and planning processes; \(ii\) used by our management and board of directors to assess our operational performance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (and together with operational objectives, as a measure in evaluating employee compensation and bonuses; and \(iii\) used by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (management to make financial and strategic planning decisions regarding future operating investments. ) Tj ET Q q 0 0 0 rg BT 452.07 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 460.71 701.10 Td (e believe that using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 110.72 689.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 177.56 689.10 Td ( net income \(loss\) facilitates operating performance comparisons on a period-to-period basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (because these measures exclude variations primarily caused by changes in the excluded items noted above. In addition, we believe that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (Adjusted EBITDA, Non-GAAP) Tj ET Q q 0 0 0 rg BT 163.68 665.10 Td ( net income \(loss\) and similar measures are widely used by investors, securities analysts, rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (agencies and other parties in evaluating companies as measures of financial performance and debt service capabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 641.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.10 Td (Our use of each of ) Tj ET Q q 0 0 0 rg BT 147.81 629.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 222.52 629.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 289.37 629.10 Td ( net income \(loss\) has limitations as an analytical tool, and you should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (not consider them in isolation or as a substitute for analysis of our results as reported under GAAP) Tj ET Q q 0 0 0 rg BT 428.98 617.10 Td (. Some of these limitations are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 599.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 599.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 164.72 599.10 Td ( does not reflect the payment or receipt of interest or the payment of income taxes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 581.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.71 581.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 194.43 581.10 Td ( nor Non-GAAP) Tj ET Q q 0 0 0 rg BT 260.17 581.10 Td ( net income \(loss\) reflects changes in, or cash requirements for) Tj ET Q q 0 0 0 rg BT 510.51 581.10 Td (, our working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 569.10 Td (capital needs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 551.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 551.10 Td (although depreciation and amortization are non-cash char) Tj ET Q q 0 0 0 rg BT 319.72 551.10 Td (ges, the assets being depreciated and amortized may have to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 539.10 Td (replaced in the future, and ) Tj ET Q q 0 0 0 rg BT 196.62 539.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 271.34 539.10 Td ( does not reflect cash capital expenditure requirements for such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 527.10 Td (replacements or for new capital expenditures or any other contractual commitments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 509.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.71 509.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 194.43 509.10 Td ( nor Non-GAAP) Tj ET Q q 0 0 0 rg BT 260.17 509.10 Td ( net income \(loss\) reflects the cash costs to advance our claims in respect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 497.10 Td (certain litigation, or the costs to defend ourselves in various complaints filed against us or to settle such litigation, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 485.10 Td (we expect to continue to be significant;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 467.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 467.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.71 467.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 194.43 467.10 Td ( nor Non-GAAP) Tj ET Q q 0 0 0 rg BT 260.17 467.10 Td ( net income \(loss\) reflect a non-recurring legal settlement in favor of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 455.10 Td (Company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 437.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.71 437.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 194.43 437.10 Td ( nor Non-GAAP) Tj ET Q q 0 0 0 rg BT 260.17 437.10 Td ( net income \(loss\) reflects the cash severance costs due to certain former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 425.10 Td (executives and former members of our product and technology teams af) Tj ET Q q 0 0 0 rg BT 377.50 425.10 Td (fected by a reor) Tj ET Q q 0 0 0 rg BT 439.78 425.10 Td (ganization;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 407.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 407.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.71 407.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 194.43 407.10 Td ( non Non-GAAP) Tj ET Q q 0 0 0 rg BT 261.84 407.10 Td ( net income \(loss\) reflects the lease exit costs associated with consolidation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 395.10 Td (the Company) Tj ET Q q 0 0 0 rg BT 146.38 395.10 Td (s of) Tj ET Q q 0 0 0 rg BT 160.92 395.10 Td (fice locations in Santa Monica, California.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 377.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 119.71 377.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 194.43 377.10 Td ( nor Non-GAAP) Tj ET Q q 0 0 0 rg BT 260.17 377.10 Td ( net income \(loss\) consider the potentially dilutive impact of shares issued or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 365.10 Td (to be issued in connection with share-based compensation or warrant issuances; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 347.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 347.10 Td (other companies, including companies in our own industry) Tj ET Q q 0 0 0 rg BT 324.31 347.10 Td (, may calculate ) Tj ET Q q 0 0 0 rg BT 386.50 347.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 461.22 347.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 528.06 347.10 Td ( net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 335.10 Td (\(loss\) dif) Tj ET Q q 0 0 0 rg BT 125.65 335.10 Td (ferently than we do, limiting their usefulness as a comparative measure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.10 Td (Because of these limitations, you should consider ) Tj ET Q q 0 0 0 rg BT 271.97 317.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 346.68 317.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 413.53 317.10 Td ( net income \(loss\) alongside other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (financial performance measures, including our net loss, our other GAAP) Tj ET Q q 0 0 0 rg BT 325.82 305.10 Td ( results, and various cash flow metrics. In addition, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 79.60 293.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 154.32 293.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 221.16 293.10 Td ( net income \(loss\) you should be aware that in the future we will incur expenses such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (those that are the subject of adjustments in deriving ) Tj ET Q q 0 0 0 rg BT 244.01 281.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 318.72 281.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 385.57 281.10 Td ( net income \(loss\), and you should not infer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (from our presentation of ) Tj ET Q q 0 0 0 rg BT 135.42 269.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 210.14 269.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 276.98 269.10 Td ( net income \(loss\) that our future results will not be af) Tj ET Q q 0 0 0 rg BT 492.03 269.10 Td (fected by these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (expenses or any unusual or non-recurring items.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (The following table presents a reconciliation of net loss to ) Tj ET Q q 0 0 0 rg BT 306.38 749.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 381.10 749.10 Td ( for each of the periods presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 671.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 671.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 671.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 671.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 671.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 671.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 641.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 641.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 641.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 641.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 641.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 641.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 611.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 611.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 611.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 611.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 611.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 611.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 581.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 581.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 581.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 581.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 581.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 581.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 551.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 551.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 551.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 551.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 551.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 551.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 551.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 521.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 521.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 521.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 521.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 521.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 521.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 491.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 491.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 491.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 491.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 491.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 491.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 461.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 461.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 461.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 461.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 461.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 461.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 712.6 m 340.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 712.6 m 344.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 712.6 m 399.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 712.6 m 403.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 712.6 m 458.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 712.6 m 462.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 712.6 m 517.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 712.6 m 521.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 712.6 m 576.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 699.6 m 340.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 699.6 m 399.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 699.6 m 458.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 699.6 m 517.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 699.6 m 576.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 446.6 m 340.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 446.6 m 399.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 446.6 m 458.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 446.6 m 517.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 446.6 m 576.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 446.6 m 340.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 432.6 m 340.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 430.6 m 340.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 446.6 m 399.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 432.6 m 399.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 430.6 m 399.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 446.6 m 458.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 432.6 m 458.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 430.6 m 458.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 446.6 m 517.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 432.6 m 517.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 430.6 m 517.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 446.6 m 576.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 432.6 m 576.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 430.6 m 576.5 430.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 729.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.45 729.83 Td (Y) Tj ET Q q 0 0 0 rg BT 415.78 729.83 Td (ear) Tj ET Q q 0 0 0 rg BT 426.37 729.83 Td (Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 716.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.25 716.83 Td (December) Tj ET Q q 0 0 0 rg BT 441.82 716.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 703.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.50 703.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.50 703.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.50 703.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.50 703.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.50 703.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.15 687.73 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 676.28 Td (Reconciliation of Net Loss to ) Tj ET Q q 0 0 0 rg BT 163.16 676.28 Td (Adjusted EBITDA:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 676.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 676.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 676.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 676.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 661.27 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 661.32 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 661.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.80 661.32 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 661.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.80 661.32 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 449.63 661.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 661.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 661.32 Td (\(48,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 661.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 661.27 Td (\(25,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 661.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 646.27 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 86.59 646.27 Td ( adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 646.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 646.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 646.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 646.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 646.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 631.27 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 631.32 Td (\(1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 631.32 Td (\(376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 631.32 Td (\(107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.30 631.32 Td (\(59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 631.27 Td (\(121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 616.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 616.27 Td (2,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 616.27 Td (2,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 616.27 Td (443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 616.27 Td (380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 616.27 Td (1,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 601.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 601.27 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 601.27 Td (23,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 601.27 Td (17,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 601.27 Td (13,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 601.27 Td (1) Tj ET Q q 0 0 0 rg BT 550.15 601.27 Td (1,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 586.27 Td (Stock-based compensation \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 586.27 Td (32,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 586.27 Td (24,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 586.27 Td (42,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 586.27 Td (29,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 586.27 Td (9,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 571.27 Td (W) Tj ET Q q 0 0 0 rg BT 48.04 571.27 Td (arrant expense \(reduction\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 571.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 571.27 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 571.32 Td (\(803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 571.27 Td (9,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 571.27 Td (3,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 556.27 Td (Change in fair value of contingent consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 556.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 556.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 556.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 556.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 556.27 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 541.27 Td (IPO-related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 541.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 541.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 541.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 541.27 Td (3,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 541.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 526.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.93 526.27 Td (icker symbol acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 526.27 Td (803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 511.27 Td (Certain litigation costs \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 511.27 Td (7,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 511.27 Td (960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 511.27 Td (6,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 511.27 Td (2,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 511.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 496.27 Td (Legal settlement \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 496.32 Td (\(792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 481.27 Td (Severance char) Tj ET Q q 0 0 0 rg BT 99.70 481.27 Td (ges \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 481.27 Td (1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 481.27 Td (3,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 466.27 Td (Lease exit costs \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.30 466.32 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 466.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 466.27 Td (3,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 466.27 Td (2,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 451.27 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 451.32 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 451.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 451.27 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 451.27 Td (606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 451.27 Td (640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 451.27 Td (579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 436.27 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 436.27 Td (28,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 436.27 Td (15,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 436.27 Td (7,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 436.27 Td (10,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 436.27 Td (2,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.00 432.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 418.6 m 242.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 416.6 m 242.5 416.6 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 396.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 396.10 Td (Includes stock-based compensation of $10.7 million incurred in the fourth quarter of 2015 related to the departure of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 384.10 Td (executives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 362.10 Td (The excluded amounts relate to legal costs incurred in connection with a claim we filed against Sonic ) Tj ET Q q 0 0 0 rg BT 461.37 362.10 Td (Automotive Holdings,Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 350.10 Td (\(the Sonic Litigation\), complaints filed by non-T) Tj ET Q q 0 0 0 rg BT 257.76 350.10 Td (rueCar dealers and the California New Car Dealers ) Tj ET Q q 0 0 0 rg BT 463.79 350.10 Td (Association against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 338.10 Td (T) Tj ET Q q 0 0 0 rg BT 59.76 338.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 86.56 338.10 Td (, and securities and consumer class action lawsuits. ) Tj ET Q q 0 0 0 rg BT 293.55 338.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.19 338.10 Td (e believe the exclusion of these costs is appropriate to facilitate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 326.10 Td (comparisons of our core operating performance on a period-to-period basis. ) Tj ET Q q 0 0 0 rg BT 358.99 326.10 Td (W) Tj ET Q q 0 0 0 rg BT 367.63 326.10 Td (e do not believe significant trademark litigation like ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 314.10 Td (the Sonic Litigation is reflective of a trend in our underlying operations. Based on the nature of the specific claims underlying the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 302.10 Td (excluded litigation matters, once these matters are resolved, we do not believe our operations are likely to entail defending against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 290.10 Td (the types of claims raised by these matters. ) Tj ET Q q 0 0 0 rg BT 227.94 290.10 Td (W) Tj ET Q q 0 0 0 rg BT 236.57 290.10 Td (e expect the cost of defending these claims to continue to be significant pending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 278.10 Td (resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 256.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 256.10 Td (Represents a non-recurring legal settlement in favor of the Company) Tj ET Q q 0 0 0 rg BT 327.98 256.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.80 256.10 Td (W) Tj ET Q q 0 0 0 rg BT 341.44 256.10 Td (e believe excluding the impact of this non-recurring legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 244.10 Td (settlement is appropriate to facilitate period-to-period operating performance comparisons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 222.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 222.10 Td (In 2016, we incurred severance costs of $1.3 million related to a reor) Tj ET Q q 0 0 0 rg BT 329.28 222.10 Td (ganization of our product and technology teams to better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 210.10 Td (align our resources with business objectives as we transition from multiple software platforms to a unified architecture. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 198.10 Td (addition, we incurred severance costs of $0.5 million related to an executive who terminated during 2016. In 2015, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 186.10 Td (severance costs of $3.4 million for executive-level employees who terminated during the second half of the year ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 174.10 Td (31, 2015. In addition, we also incurred $0.3 million of related recruiting fees for the placement of our new CEO in the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 162.10 Td (quarter of 2015. ) Tj ET Q q 0 0 0 rg BT 120.46 162.10 Td (W) Tj ET Q q 0 0 0 rg BT 129.10 162.10 Td (e believe excluding the impact of these terminations from 2016 and 2015 is consistent with our use of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 150.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 99.19 150.10 Td ( measures as we do not believe they are a useful indicator of ongoing operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.10 Td (Represents the initial estimate and updates to that estimate of lease termination costs associated with the consolidation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.10 Td (Company) Tj ET Q q 0 0 0 rg BT 95.67 116.10 Td (s of) Tj ET Q q 0 0 0 rg BT 110.21 116.10 Td (fice locations in Santa Monica, California in December 2015. ) Tj ET Q q 0 0 0 rg BT 358.56 116.10 Td (W) Tj ET Q q 0 0 0 rg BT 367.20 116.10 Td (e believe that their exclusion is appropriate to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.10 Td (facilitate period-to-period operating performance comparisons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 92.10 Td () Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (The following table presents a reconciliation of net loss to Non-GAAP) Tj ET Q q 0 0 0 rg BT 354.34 749.10 Td ( net income \(loss\) for each of the periods presented:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 663.60 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 663.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 663.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 663.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 663.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 663.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 663.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 663.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 663.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 663.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 635.60 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 635.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 635.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 635.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 635.60 4.00 -14.00 re f /GS0 gs 0.8 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 509.6 m 468.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 496.6 m 468.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 494.6 m 468.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 509.6 m 522.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 496.6 m 522.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 494.6 m 522.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 509.6 m 576.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 496.6 m 576.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 494.6 m 576.5 494.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 717.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.95 718.68 Td (Y) Tj ET Q q 0 0 0 rg BT 428.28 718.68 Td (ear) Tj ET Q q 0 0 0 rg BT 438.87 718.68 Td (Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 705.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 706.68 Td (December) Tj ET Q q 0 0 0 rg BT 454.32 706.68 Td ( 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 693.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 694.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 694.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 694.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.00 694.68 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.00 694.68 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 678.73 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 668.28 Td (Reconciliation of Net Loss to Non-GAAP) Tj ET Q q 0 0 0 rg BT 212.60 668.28 Td ( Net Income \(Loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 668.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 668.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 668.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 668.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 654.17 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 654.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 654.22 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 654.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 654.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 654.22 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 654.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 654.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 654.22 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 459.63 654.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 654.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 654.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.80 654.22 Td (\(48,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 654.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 654.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 654.17 Td (\(25,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 654.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 640.17 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 86.59 640.17 Td ( adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 640.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 640.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 640.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 640.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 640.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 626.17 Td (Stock-based compensation \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 626.17 Td (32,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 626.17 Td (24,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 626.17 Td (42,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 626.17 Td (29,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 626.17 Td (9,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 612.17 Td (W) Tj ET Q q 0 0 0 rg BT 48.04 612.17 Td (arrant expense \(reduction\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 612.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 612.17 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.30 612.22 Td (\(803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 612.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 612.17 Td (9,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 612.17 Td (3,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 598.17 Td (Change in fair value of contingent consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 598.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 598.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 598.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 598.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 598.17 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 584.17 Td (IPO-related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 584.17 Td (3,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 570.17 Td (T) Tj ET Q q 0 0 0 rg BT 44.93 570.17 Td (icker symbol acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 570.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 570.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 570.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 570.17 Td (803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 570.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 556.17 Td (Certain litigation costs \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 556.17 Td (7,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 556.17 Td (960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 556.17 Td (6,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 556.17 Td (2,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 556.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 542.17 Td (Legal settlement \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 542.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 542.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 542.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.30 542.22 Td (\(792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 542.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 542.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 528.17 Td (Severance char) Tj ET Q q 0 0 0 rg BT 99.70 528.17 Td (ges \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 528.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 528.17 Td (1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 528.17 Td (3,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 528.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 528.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 514.17 Td (Lease exit costs \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.30 514.22 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 514.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 514.17 Td (3,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 514.17 Td (2,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 514.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 514.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 500.17 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.41 500.17 Td ( net income \(loss\) \(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 500.17 Td (7,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 500.22 Td (\(1) Tj ET Q q 0 0 0 rg BT 388.13 500.22 Td (1,1) Tj ET Q q 0 0 0 rg BT 400.63 500.22 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 500.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 500.22 Td (\(1) Tj ET Q q 0 0 0 rg BT 442.13 500.22 Td (1,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 500.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.80 500.22 Td (\(3,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 500.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 500.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 500.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 550.13 500.17 Td (1,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 500.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 482.6 m 242.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 480.6 m 242.5 480.6 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 460.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 460.10 Td (Includes stock-based compensation of $10.7 million incurred in the fourth quarter of 2015 related to the departure of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 448.10 Td (executives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 426.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 426.10 Td (The excluded amounts relate to legal costs incurred in connection with the Sonic Litigation, complaints filed by non-T) Tj ET Q q 0 0 0 rg BT 527.41 426.10 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 414.10 Td (dealers and the California New Car Dealers ) Tj ET Q q 0 0 0 rg BT 230.32 414.10 Td (Association against ) Tj ET Q q 0 0 0 rg BT 310.68 414.10 Td (T) Tj ET Q q 0 0 0 rg BT 316.44 414.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 343.24 414.10 Td (, and securities and consumer class action lawsuits. ) Tj ET Q q 0 0 0 rg BT 550.23 414.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.87 414.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 402.10 Td (believe the exclusion of these costs is appropriate to facilitate comparisons of our core operating performance on a period-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 390.10 Td (period basis. ) Tj ET Q q 0 0 0 rg BT 106.87 390.10 Td (W) Tj ET Q q 0 0 0 rg BT 115.50 390.10 Td (e do not believe significant trademark litigation like the Sonic Litigation is reflective of a trend in our underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 378.10 Td (operations. Based on the nature of the specific claims underlying the excluded litigation matters, once these matters are resolved, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 366.10 Td (we do not believe our operations are likely to entail defending against the types of claims raised by these matters. ) Tj ET Q q 0 0 0 rg BT 509.51 366.10 Td (W) Tj ET Q q 0 0 0 rg BT 518.15 366.10 Td (e expect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 354.10 Td (cost of defending these claims to continue to be significant pending resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 332.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.10 Td (Represents a non-recurring legal settlement in favor of the Company) Tj ET Q q 0 0 0 rg BT 327.98 332.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.80 332.10 Td (W) Tj ET Q q 0 0 0 rg BT 341.44 332.10 Td (e believe excluding the impact of this non-recurring legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.10 Td (settlement is appropriate to facilitate period-to-period operating performance comparisons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td (In 2016, we incurred severance costs of $1.3 million related to a reor) Tj ET Q q 0 0 0 rg BT 329.28 298.10 Td (ganization of our product and technology teams to better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td (align our resources with business objectives as we transition from multiple software platforms to a unified architecture. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td (addition, we incurred severance costs of $0.5 million related to an executive who terminated during 2016. In 2015, we incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 262.10 Td (severance costs of $3.4 million for executive-level employees who terminated during the second half of the year ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (31, 2015. In addition, we also incurred $0.3 million of related recruiting fees for the placement of our new CEO in the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.10 Td (quarter of 2015. ) Tj ET Q q 0 0 0 rg BT 120.46 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 129.10 238.10 Td (e believe excluding the impact of these terminations from 2016 and 2015 is consistent with our use of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 99.19 226.10 Td ( measures as we do not believe they are a useful indicator of ongoing operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 204.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 204.10 Td (Represents the initial estimate and updates to that estimate of lease termination costs associated with the consolidation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 192.10 Td (Company) Tj ET Q q 0 0 0 rg BT 95.67 192.10 Td (s of) Tj ET Q q 0 0 0 rg BT 110.21 192.10 Td (fice locations in Santa Monica, California in December 2015. ) Tj ET Q q 0 0 0 rg BT 358.56 192.10 Td (W) Tj ET Q q 0 0 0 rg BT 367.20 192.10 Td (e believe that their exclusion is appropriate to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 180.10 Td (facilitate period-to-period operating performance comparisons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 158.10 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 158.10 Td (There is no income tax impact related to the adjustments made to calculate Non-GAAP) Tj ET Q q 0 0 0 rg BT 402.69 158.10 Td ( net income \(loss\) becauseof our available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 146.10 Td (net operating loss carryforwards and the full valuation allowance recorded against our net deferred tax assets at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 134.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 134.10 Td ( and December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.02 134.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.02 134.10 Td (.) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item 7. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Management) Tj ET Q q 0 0 0 rg BT 131.06 749.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 203.04 749.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (The following discussion and analysis of our financial condition and results of operations should be read together with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (consolidated financial statements and the related notes to those statements included herein. In addition to historical financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (information, the following discussion and analysis contains forward-looking statements that involve risks, uncertainties and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (assumptions. Our actual results and timing of selected events may dif) Tj ET Q q 0 0 0 rg BT 313.26 689.25 Td (fer materially from those anticipated in these forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (statements as a result of many factors, including those discussed under Risk Factors and elsewhere herein. See Special Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (Regarding Forward-Looking Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 653.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 629.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 617.25 Td (Our Mission: ) Tj ET Q q 0 0 0 rg BT 127.38 617.25 Td (W) Tj ET Q q 0 0 0 rg BT 136.02 617.25 Td (e exist to be the most transparent brand in automotive, to serve as a catalyst that dramatically improves the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (way people discover) Tj ET Q q 0 0 0 rg BT 117.79 605.25 Td (, buy and sell cars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 581.25 Td (e have established a diverse software ecosystem on a common technology infrastructure, powered by proprietary data and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (analytics. Our company-branded platform is available on our ) Tj ET Q q 0 0 0 rg BT 282.13 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 287.88 569.25 Td (rueCar website and mobile applications. In addition, we customize and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (operate our platform on a co-branded basis for our many af) Tj ET Q q 0 0 0 rg BT 272.40 557.25 Td (finity group marketing partners, including financial institutions like USAA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (Chase and ) Tj ET Q q 0 0 0 rg BT 79.33 545.25 Td (American Express, membership-based or) Tj ET Q q 0 0 0 rg BT 244.09 545.25 Td (ganizations like Consumer Reports, ) Tj ET Q q 0 0 0 rg BT 388.79 545.25 Td (AARP) Tj ET Q q 0 0 0 rg BT 414.36 545.25 Td (, Sam) Tj ET Q q 0 0 0 rg BT 439.92 545.25 Td (s Club and ) Tj ET Q q 0 0 0 rg BT 484.64 545.25 Td (AAA, and employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (buying programs for lar) Tj ET Q q 0 0 0 rg BT 131.07 533.25 Td (ge enterprises such as IBM and ) Tj ET Q q 0 0 0 rg BT 258.64 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 267.27 533.25 Td (almart. ) Tj ET Q q 0 0 0 rg BT 297.64 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 306.27 533.25 Td (e enable users to obtain market-based pricing data on new and used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (cars, and to connect with our network of ) Tj ET Q q 0 0 0 rg BT 199.94 521.25 Td (T) Tj ET Q q 0 0 0 rg BT 205.69 521.25 Td (rueCar Certified Dealers. ) Tj ET Q q 0 0 0 rg BT 308.80 521.25 Td (W) Tj ET Q q 0 0 0 rg BT 317.44 521.25 Td (e also allow automobile manufacturers, known in the industry as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (OEMs, to connect with ) Tj ET Q q 0 0 0 rg BT 131.08 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 136.84 509.25 Td (rueCar users during the purchase process and ef) Tj ET Q q 0 0 0 rg BT 327.98 509.25 Td (ficiently deliver tar) Tj ET Q q 0 0 0 rg BT 404.43 509.25 Td (geted incentives to consumers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 497.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 485.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 485.25 Td (e benefit consumers by providing information related to what others have paid for a make, model and trim of car in their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (area and guaranteed savings of) Tj ET Q q 0 0 0 rg BT 159.10 473.25 Td (f the manufacturer) Tj ET Q q 0 0 0 rg BT 233.31 473.25 Td () Tj ET Q q 0 0 0 rg BT 236.09 473.25 Td (s suggested retail price, or MSRP) Tj ET Q q 0 0 0 rg BT 368.86 473.25 Td (, for that make, model and trim, as well as, in most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (instances, price of) Tj ET Q q 0 0 0 rg BT 108.29 461.25 Td (fers on actual vehicle inventory) Tj ET Q q 0 0 0 rg BT 233.70 461.25 Td (, which we refer to as ) Tj ET Q q 0 0 0 rg BT 322.09 461.25 Td (VIN-based of) Tj ET Q q 0 0 0 rg BT 376.62 461.25 Td (fers, from our network of ) Tj ET Q q 0 0 0 rg BT 480.29 461.25 Td (T) Tj ET Q q 0 0 0 rg BT 486.05 461.25 Td (rueCar Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (Dealers. Guaranteed savings of) Tj ET Q q 0 0 0 rg BT 160.77 449.25 Td (f MSRP) Tj ET Q q 0 0 0 rg BT 192.91 449.25 Td ( are reflected in a Guaranteed Savings Certificate which the consumer may then take to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (dealer and apply toward the purchase of the specified make, model and trim of car) Tj ET Q q 0 0 0 rg BT 364.48 437.25 Td (. ) Tj ET Q q 0 0 0 rg BT 369.30 437.25 Td (VIN-based of) Tj ET Q q 0 0 0 rg BT 423.82 437.25 Td (fers provide consumers with price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 425.25 Td (fers for specific vehicles from specific dealers. ) Tj ET Q q 0 0 0 rg BT 233.32 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 241.96 425.25 Td (e benefit our network of ) Tj ET Q q 0 0 0 rg BT 340.91 425.25 Td (T) Tj ET Q q 0 0 0 rg BT 346.67 425.25 Td (rueCar Certified Dealers by enabling them to attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (these informed, in-market consumers in a cost-ef) Tj ET Q q 0 0 0 rg BT 231.59 413.25 Td (fective, accountable manner) Tj ET Q q 0 0 0 rg BT 343.62 413.25 Td (, which we believe helps them to sell more cars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (profitably) Tj ET Q q 0 0 0 rg BT 74.78 401.25 Td (. ) Tj ET Q q 0 0 0 rg BT 79.60 401.25 Td (W) Tj ET Q q 0 0 0 rg BT 88.24 401.25 Td (e benefit OEMsby allowing them to more ef) Tj ET Q q 0 0 0 rg BT 267.46 401.25 Td (fectively tar) Tj ET Q q 0 0 0 rg BT 315.31 401.25 Td (get their incentive spending at deep-in-market consumers during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (their purchase process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.25 Td (Our network of over 15,000 ) Tj ET Q q 0 0 0 rg BT 186.24 365.25 Td (T) Tj ET Q q 0 0 0 rg BT 192.00 365.25 Td (rueCar Certified Dealers consists primarily of new car franchises, representing all major makes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (of cars, as well as independent dealers selling used vehicles. ) Tj ET Q q 0 0 0 rg BT 279.07 353.25 Td (T) Tj ET Q q 0 0 0 rg BT 284.83 353.25 Td (rueCar Certified Dealers operate in all 50 states and the District of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (Columbia.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.25 Td (Our subsidiary) Tj ET Q q 0 0 0 rg BT 130.51 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 134.96 317.25 Td (ALG,Inc., provides forecasts and consulting services regarding determination of the residual value of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (automobile at given future points in time. ) Tj ET Q q 0 0 0 rg BT 204.12 305.25 Td (These residual values are used to underwrite automotive loans and leases to determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (payments by consumers. In addition, financial institutions use this information to measure exposure and risk across loan, lease, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (fleet portfolios. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 269.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 257.25 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.63 257.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.21 257.25 Td (, we generated revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.60 257.25 Td ($323.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 257.25 Td ( and recorded a net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.96 257.25 Td ($32.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.85 257.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.77 245.25 Td ($323.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.66 245.25 Td ( in revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.98 245.25 Td (94.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.81 245.25 Td ( consisted of transaction revenues with the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.30 245.25 Td (6.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.13 245.25 Td ( derived primarily from the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (forecasts, consulting and other services to the automotive and financial services industries. Revenues from the sale of forecasts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (consulting and other services are derived primarily from the operations of our ) Tj ET Q q 0 0 0 rg BT 348.68 221.25 Td (ALG subsidiary) Tj ET Q q 0 0 0 rg BT 412.19 221.25 Td (. ) Tj ET Q q 0 0 0 rg BT 417.01 221.25 Td (T) Tj ET Q q 0 0 0 rg BT 422.77 221.25 Td (ransaction revenues primarily consist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (of fees paid to us by our network of ) Tj ET Q q 0 0 0 rg BT 181.06 209.25 Td (T) Tj ET Q q 0 0 0 rg BT 186.82 209.25 Td (rueCar Certified Dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 197.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td ( ) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Key Metrics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 725.25 Td (e regularly review a number of key metrics to evaluate our business, measure our performance, identify trends af) Tj ET Q q 0 0 0 rg BT 531.67 725.25 Td (fecting our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (business, formulate financial projections and make operating and strategic decisions.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 666.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 666.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 666.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 666.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 666.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 666.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 638.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 638.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 638.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 638.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 638.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 638.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 610.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 610.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 610.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 610.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 610.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 610.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 678.75 m 438.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 678.75 m 442.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 678.75 m 507.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 678.75 m 511.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 678.75 m 576.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 678.75 m 438.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 666.75 m 438.5 666.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 678.75 m 507.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 666.75 m 507.5 666.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 678.75 m 576.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 666.75 m 576.5 666.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 666.75 m 438.5 666.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 666.75 m 507.5 666.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 666.75 m 576.5 666.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 694.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 694.83 Td (Y) Tj ET Q q 0 0 0 rg BT 459.78 694.83 Td (ear) Tj ET Q q 0 0 0 rg BT 470.37 694.83 Td (Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 682.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 682.83 Td (December) Tj ET Q q 0 0 0 rg BT 485.82 682.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 670.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 670.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 670.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 670.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 657.32 Td (A) Tj ET Q q 0 0 0 rg BT 45.85 657.32 Td (verage Monthly Unique ) Tj ET Q q 0 0 0 rg BT 143.42 657.32 Td (V) Tj ET Q q 0 0 0 rg BT 150.25 657.32 Td (isitors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 657.32 Td (7,380,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 657.32 Td (7,004,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 657.32 Td (5,999,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 643.32 Td (Units\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 643.32 Td (952,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 643.32 Td (806,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 643.32 Td (750,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 629.32 Td (Monetization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 629.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 629.32 Td (319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 629.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 629.32 Td (322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 629.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 629.32 Td (322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 615.32 Td (Franchise Dealer Count) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 615.32 Td (12,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 615.32 Td (1) Tj ET Q q 0 0 0 rg BT 481.15 615.32 Td (1,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 615.32 Td (9,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 601.32 Td (Independent Dealer Count) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 601.32 Td (2,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 601.32 Td (2,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 601.32 Td (2,082) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 583.75 m 242.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 581.75 m 242.5 581.75 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 569.25 Td (e issued full credits of the amount originally invoiced with respect to 21,835, 19,021, and 12,484 units during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.58 557.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.58 557.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.58 557.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.58 557.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.02 557.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.02 557.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 249.68 557.25 Td (. ) Tj ET Q q 0 0 0 rg BT 254.50 557.25 Td (The number of units has not been adjusted downwards related to units credited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (as discussed in the description of the unit metric below) Tj ET Q q 0 0 0 rg BT 273.02 545.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 533.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (A) Tj ET Q q 0 0 0 rg BT 41.93 521.25 Td (verage Monthly Unique V) Tj ET Q q 0 0 0 rg BT 148.32 521.25 Td (isitors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 509.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 497.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 497.25 Td (e define a monthly unique visitor as an individual who has visited our website, our landing page on our af) Tj ET Q q 0 0 0 rg BT 503.14 497.25 Td (finity group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (marketing partner sites, or our mobile applications within a calendar month. ) Tj ET Q q 0 0 0 rg BT 342.12 485.25 Td (W) Tj ET Q q 0 0 0 rg BT 350.76 485.25 Td (e identify unique visitors through cookies for browser) Tj ET Q q 0 0 0 rg BT 565.79 485.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (based visits on either a desktop computer or mobile device and through device IDs for mobile application visits. In addition, if a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 461.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 68.41 461.25 Td (.com user logs-in, we supplement their identification with their log-in credentials to attempt to avoid double counting on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 449.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 68.41 449.25 Td (.com across devices, browsers and mobile applications. If an individual accesses our service using dif) Tj ET Q q 0 0 0 rg BT 474.50 449.25 Td (ferent devices or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 437.25 Td (ferent browsers on the same device within a given month, the first access through each such device or browser is counted as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (separate monthly unique visitor) Tj ET Q q 0 0 0 rg BT 161.96 425.25 Td (, except where adjusted based upon ) Tj ET Q q 0 0 0 rg BT 305.90 425.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.65 425.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 338.31 425.25 Td (.com log-in information. ) Tj ET Q q 0 0 0 rg BT 438.94 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 447.58 425.25 Td (e calculate average monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (unique visitors as the sum of the monthly unique visitors in a given period, divided by the number of months in that period. ) Tj ET Q q 0 0 0 rg BT 531.59 413.25 Td (W) Tj ET Q q 0 0 0 rg BT 540.22 413.25 Td (e view ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (our average monthly unique visitors as a key indicator of the growth in our business and audience reach, the strength of our brand, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (the visibility of car) Tj ET Q q 0 0 0 rg BT 111.62 389.25 Td (-buying services to the member base of our af) Tj ET Q q 0 0 0 rg BT 294.71 389.25 Td (finity group marketing partners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.25 Td (The number of average monthly unique visitors increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.26 365.25 Td (5.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.09 365.25 Td ( to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.13 365.25 Td (7.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.02 365.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 353.25 Td ( from approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.28 353.25 Td (7.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.17 353.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.63 353.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.22 353.25 Td (.) Tj ET Q q 0 0 0 rg BT 404.04 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 412.67 353.25 Td (e attribute the growth in our average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (monthly unique visitors principally to television and digital marketing advertising campaigns and also to increased ef) Tj ET Q q 0 0 0 rg BT 504.88 341.25 Td (forts from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 329.25 Td (finity group marketing partners to drive greater member awareness and traf) Tj ET Q q 0 0 0 rg BT 344.40 329.25 Td (fic to our platform.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 317.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 293.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 281.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 281.25 Td (e define units as the number of automobiles purchased by our users from ) Tj ET Q q 0 0 0 rg BT 373.99 281.25 Td (T) Tj ET Q q 0 0 0 rg BT 379.75 281.25 Td (rueCar Certified Dealers through ) Tj ET Q q 0 0 0 rg BT 513.96 281.25 Td (T) Tj ET Q q 0 0 0 rg BT 519.72 281.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 546.38 281.25 Td (.com, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.65 269.25 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 269.25 Td (rueCar branded mobile applications or the car) Tj ET Q q 0 0 0 rg BT 240.47 269.25 Td (-buying sites we maintain for our af) Tj ET Q q 0 0 0 rg BT 383.58 269.25 Td (finity group marketing partners. ) Tj ET Q q 0 0 0 rg BT 513.28 269.25 Td (A) Tj ET Q q 0 0 0 rg BT 519.95 269.25 Td ( unit is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (counted following such time as we have matched the sale to a ) Tj ET Q q 0 0 0 rg BT 285.18 257.25 Td (T) Tj ET Q q 0 0 0 rg BT 290.94 257.25 Td (rueCar user with one of ) Tj ET Q q 0 0 0 rg BT 387.67 257.25 Td (T) Tj ET Q q 0 0 0 rg BT 393.43 257.25 Td (rueCar Certified Dealers. ) Tj ET Q q 0 0 0 rg BT 496.54 257.25 Td (W) Tj ET Q q 0 0 0 rg BT 505.17 257.25 Td (e view units as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (key indicator of the growth of our business, the ef) Tj ET Q q 0 0 0 rg BT 235.21 245.25 Td (fectiveness of our product and the size and geographic coverage of our network of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 233.25 Td (rueCar Certified Dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 221.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 209.25 Td (On occasion we issue credits to our ) Tj ET Q q 0 0 0 rg BT 215.95 209.25 Td (T) Tj ET Q q 0 0 0 rg BT 221.71 209.25 Td (rueCar Certified Dealers with respect to units sold. However) Tj ET Q q 0 0 0 rg BT 463.73 209.25 Td (, we do not adjust our unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (metric for these credits as we believe that in substantially all cases a vehicle has in fact been purchased through our platform given the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (high degree of accuracy of our sales matching process. Credits are most frequently issued to a dealer that claims that it had a pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (existing relationship with a purchaser of a vehicle, and we determine whether we will issue a credit based on a number of factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (including the facts and circumstances related to the dealer claim and the level of claim activity at the dealership. In most cases, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (issue credits in order to maintain strong business relations with the dealer and not because we have made an erroneous sales match or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (billing error) Tj ET Q q 0 0 0 rg BT 83.49 137.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 125.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 113.25 Td (The number of units increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.13 113.25 Td (18.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.96 113.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.73 113.25 Td (952,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.23 113.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.70 113.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.28 113.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.72 113.25 Td (806,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.22 113.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 101.25 Td (. ) Tj ET Q q 0 0 0 rg BT 119.40 101.25 Td (W) Tj ET Q q 0 0 0 rg BT 128.04 101.25 Td (e attribute this growth in units to the ef) Tj ET Q q 0 0 0 rg BT 283.39 101.25 Td (fectiveness of our marketing activities, product enhancements, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (growing number and geographic coverage of ) Tj ET Q q 0 0 0 rg BT 217.97 89.25 Td (T) Tj ET Q q 0 0 0 rg BT 223.73 89.25 Td (rueCar Certified Dealers in our network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 77.25 Td () Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Monetization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 725.25 Td (e define monetization as the average transaction revenue per unit, which we calculate by dividing all of our transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (revenue in a given period by the number of units in that period. For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.57 713.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.16 713.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.59 713.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.18 713.25 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (monetization was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.76 701.25 Td ($319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.76 701.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.20 701.25 Td ($322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.20 701.25 Td ( per unit, respectively) Tj ET Q q 0 0 0 rg BT 254.18 701.25 Td (. ) Tj ET Q q 0 0 0 rg BT 261.50 701.25 Td (W) Tj ET Q q 0 0 0 rg BT 270.14 701.25 Td (e expect our monetization to be af) Tj ET Q q 0 0 0 rg BT 406.01 701.25 Td (fected in the future by changes in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (pricing structure, the unit mix between new and used cars, with used cars providing higher monetization, and by the introduction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (new products and services, including OEM incentive programs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 665.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (Franchise Dealer Count) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 641.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 629.25 Td (e define franchise dealer count as the number of franchise dealers in the network of ) Tj ET Q q 0 0 0 rg BT 416.15 629.25 Td (T) Tj ET Q q 0 0 0 rg BT 421.90 629.25 Td (rueCar Certified Dealers at the end of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (a given period. ) Tj ET Q q 0 0 0 rg BT 98.02 617.25 Td (This number is calculated by counting the number of brands of new cars sold by dealers in the ) Tj ET Q q 0 0 0 rg BT 477.18 617.25 Td (T) Tj ET Q q 0 0 0 rg BT 482.94 617.25 Td (rueCar Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (Dealer network at their locations, and includes both single-location proprietorships as well as lar) Tj ET Q q 0 0 0 rg BT 421.82 605.25 Td (ge consolidated dealer groups. ) Tj ET Q q 0 0 0 rg BT 545.77 605.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (network comprises of dealers with a range of unit sales volume per dealer) Tj ET Q q 0 0 0 rg BT 330.50 593.25 Td (, with dealers representing certain brands consistently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (achieving higher than average unit sales volume. ) Tj ET Q q 0 0 0 rg BT 233.53 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 242.17 581.25 Td (e view our ability to increase our franchise dealer count, particularly dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (representing high volume brands, as an indicator of our market penetration and the likelihood of converting users of our platform into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (unit sales. Our ) Tj ET Q q 0 0 0 rg BT 96.37 557.25 Td (T) Tj ET Q q 0 0 0 rg BT 102.12 557.25 Td (rueCar Certified Dealer network includes independent non-franchised dealers that primarily sell used cars and are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (included in franchise dealer count. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 521.25 Td (Our franchise dealer count increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.37 521.25 Td (12,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.87 521.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.09 521.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.67 521.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.11 521.25 Td (1) Tj ET Q q 0 0 0 rg BT 378.74 521.25 Td (1,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.24 521.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.46 521.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.04 521.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.48 521.25 Td (9,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.98 521.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 509.25 Td (. Note that our franchise dealer countexcludes Genesis franchises on our program due to Hyundai) Tj ET Q q 0 0 0 rg BT 509.46 509.25 Td (s transition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (Genesis to a stand-alone brand. In order to facilitate period over period comparisons, we have continued to count each Hyundai ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (franchise that also has a Genesis franchise as one franchise dealer rather than two. ) Tj ET Q q 0 0 0 rg BT 366.51 485.25 Td (W) Tj ET Q q 0 0 0 rg BT 375.15 485.25 Td (e intend to increase the number of dealers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (representing high volume brands in our dealer network, generally) Tj ET Q q 0 0 0 rg BT 297.21 473.25 Td (, and in key geographies, by investing to improve the dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (experience and increasing dealer satisfaction. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (Independent Dealer Count) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 413.25 Td (e define independent dealer count as the number of dealers in the network of ) Tj ET Q q 0 0 0 rg BT 389.23 413.25 Td (T) Tj ET Q q 0 0 0 rg BT 394.98 413.25 Td (rueCar Certified Dealers at the end of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (given period that exclusively sell used vehicles and are not directly af) Tj ET Q q 0 0 0 rg BT 314.33 401.25 Td (filiated with a new car manufacturer) Tj ET Q q 0 0 0 rg BT 458.99 401.25 Td (. ) Tj ET Q q 0 0 0 rg BT 463.81 401.25 Td (This number is calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (by counting each location individually) Tj ET Q q 0 0 0 rg BT 189.20 389.25 Td (, and includes both single-location proprietorships as well as lar) Tj ET Q q 0 0 0 rg BT 443.96 389.25 Td (ge consolidated dealer groups. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Our independent dealer count increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.60 377.25 Td (2,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 377.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.31 377.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.90 377.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.34 377.25 Td (2,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.84 377.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.05 377.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.64 377.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.08 377.25 Td (2,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.58 377.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.79 377.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 365.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 46.37 341.25 Td (esentation of Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 329.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.25 Td (Our consolidated financial statements include the accounts of our wholly owned subsidiaries in accordance with F) Tj ET Q q 0 0 0 rg BT 528.07 317.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 549.48 317.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (810 Consolidation. Business acquisitions are included in our consolidated financial statements from the date of the acquisition. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (purchase accounting resulted in all assets and liabilities of acquired businesses being recorded at their estimated fair values on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (acquisition dates. ) Tj ET Q q 0 0 0 rg BT 107.38 281.25 Td (All intercompany balances and transactions have been eliminated in consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 269.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 257.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 257.25 Td (e report our financial results as one operating segment, with two distinct service of) Tj ET Q q 0 0 0 rg BT 410.92 257.25 Td (ferings: transactions, and forecasts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (consulting and other) Tj ET Q q 0 0 0 rg BT 117.10 245.25 Td (. Our operating results are regularly reviewed by our chief operating decision maker on a consolidated basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (principally to make decisions about how we allocate our resources and to measure our consolidated operating performance. Our chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (operating decision maker regularly reviews revenue for each of our transaction and forecasts, consulting and other of) Tj ET Q q 0 0 0 rg BT 503.70 221.25 Td (ferings in order to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (gain more depth and understanding of the factors driving our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 197.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (Components of Operating Results) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 173.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 149.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 137.25 Td (Our revenues are comprised of transaction revenues, and forecasts, consulting and other revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 125.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 113.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.01 113.25 Td (ransaction Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.15 113.25 Td (. Revenue consists of fees paid by dealers participating in our network of ) Tj ET Q q 0 0 0 rg BT 455.33 113.25 Td (T) Tj ET Q q 0 0 0 rg BT 461.09 113.25 Td (rueCar Certified Dealers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (Dealers pay us these fees either on a per vehicle basis for sales to our users or in the form of a subscription arrangement. Subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (arrangements fall into several types: flat rate subscriptions, subscriptions subject to downward adjustment based on a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (number of vehicle sales \(guaranteed sales\) and subscriptions based on introduction volume, including those subject to downward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (adjustment based on a minimum number of introductions \(guaranteed introductions\). ) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (Under flat rate subscription arrangements, fees are char) Tj ET Q q 0 0 0 rg BT 293.38 749.10 Td (ged at a monthly flat rate regardless of the number of sales made to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (users of our platform by the dealer) Tj ET Q q 0 0 0 rg BT 173.73 737.10 Td (. For flat rate subscription arrangements, we recognize the fees as revenue over the subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (period on a straight line basis which corresponds to the period that we are providing the dealer with access to our platform. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 701.10 Td (Under guaranteed sales subscription arrangements, fees are char) Tj ET Q q 0 0 0 rg BT 328.37 701.10 Td (ged based on the number of guaranteed sales multiplied by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (fixed amount per vehicle. ) Tj ET Q q 0 0 0 rg BT 140.50 689.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.91 689.10 Td (o the extent that the actual number of vehicles sold by the dealers to users of our platform is less than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (number of guaranteed sales, we provide a credit to the dealer) Tj ET Q q 0 0 0 rg BT 278.95 677.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.77 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 289.18 677.10 Td (o the extent that the actual number of vehicles sold exceeds the number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (of guaranteed sales, we are not entitled to any additional fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.10 Td (Certain of our subscription arrangements are char) Tj ET Q q 0 0 0 rg BT 270.08 641.10 Td (ged based on volume of introductions provided while other introduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (based subscription arrangements operate under a guaranteed introduction model. Under guaranteed introductions subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (arrangements, fees are char) Tj ET Q q 0 0 0 rg BT 145.19 617.10 Td (ged based on a periodically-updated formula that considers, among other things, the introductions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (anticipated to be provided to the dealer) Tj ET Q q 0 0 0 rg BT 191.50 605.10 Td (. ) Tj ET Q q 0 0 0 rg BT 196.32 605.10 Td (T) Tj ET Q q 0 0 0 rg BT 201.73 605.10 Td (o the extent that the number of actual introductions is less than the number of guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (introductions, we provide a credit to the dealer) Tj ET Q q 0 0 0 rg BT 222.05 593.10 Td (. ) Tj ET Q q 0 0 0 rg BT 226.87 593.10 Td (T) Tj ET Q q 0 0 0 rg BT 232.28 593.10 Td (o the extent that the actual number of introductions provided exceeds the number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (guaranteed, we are not entitled to any additional fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 557.10 Td (For guaranteed sales and guaranteed introductions subscription arrangements, we recognize revenue based on the lesser of \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (the actual number of sales generated or introductions delivered through our platform during the subscription period multiplied by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (contracted price per sale/introduction or \(ii\) the guaranteed number of sales or introductions multiplied by the contracted price per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (sale/introduction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 497.10 Td (In addition, we enter into arrangements with automobile manufacturers to promote the sale of their vehicles through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 485.10 Td (fering of additional consumer incentives to members of our af) Tj ET Q q 0 0 0 rg BT 291.95 485.10 Td (finity group marketing partners. ) Tj ET Q q 0 0 0 rg BT 422.01 485.10 Td (These manufacturers pay us a per) Tj ET Q q 0 0 0 rg BT 555.92 485.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (vehicle fee for promotion of the incentive and we recognize the per) Tj ET Q q 0 0 0 rg BT 304.85 473.10 Td (-vehicle incentive fee when the vehicle sale has occurred between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (the consumer and the dealer) Tj ET Q q 0 0 0 rg BT 147.62 461.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 449.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 437.10 Td (For) Tj ET Q q 0 0 0 rg BT 86.63 437.10 Td (ecasts, Consulting and Other Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.66 437.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.00 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 260.64 437.10 Td (e derive this type of revenue primarily from the provision of forecasts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (consulting services to the automotive and financial services industries through our ) Tj ET Q q 0 0 0 rg BT 366.76 425.10 Td (ALG subsidiary) Tj ET Q q 0 0 0 rg BT 430.27 425.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.09 425.10 Td (The forecasts and consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (services that ) Tj ET Q q 0 0 0 rg BT 87.65 413.10 Td (ALG provides typically relate to the determination of the residual value of an automobile at given future points in time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (These residual values are used to underwrite automotive loans and leases to determine payments by consumers. In addition, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (institutions use this information to measure exposure and risk across loan, lease and fleet portfolios. Our customers generally pay us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (for these services as information is delivered to them.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 365.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 353.10 Td (For a description of our revenue accounting policies, see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.25 353.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 338.68 353.10 Td (Accounting Policies andEstimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.83 353.10 Td ( below) Tj ET Q q 0 0 0 rg BT 508.55 353.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (Costs and Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 317.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 305.10 Td (Cost of Revenue \(exclusive of depr) Tj ET Q q 0 0 0 rg BT 210.19 305.10 Td (eciation and amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.85 305.10 Td (. Cost of revenue includes expenses related to the fulfillment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (our services, consisting primarily of data costs and licensing fees paid to third party service providers and expenses related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (operating our website and mobile applications, including those associated with our data centers, hosting fees, data processing costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (required to deliver introductions to our network of ) Tj ET Q q 0 0 0 rg BT 239.66 269.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.41 269.10 Td (rueCar Certified Dealers, employee costs related to certain dealer operations, sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (matching, employee and consulting costs related to delivering data and consulting services to our customers, and facilities costs. Cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (of revenue excludes depreciation and amortization of software costs and other hosting and data infrastructure equipment used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (operate our platforms, which are included in the depreciation and amortization line item on our statement of comprehensive loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 221.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (Sales and Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.76 209.10 Td (. Sales and marketing expenses consist primarily of: television, digital, and radio advertising; media ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (production costs, af) Tj ET Q q 0 0 0 rg BT 114.41 197.10 Td (finity group partner marketing fees, which also includes loan subvention costs where we pay certain af) Tj ET Q q 0 0 0 rg BT 524.66 197.10 Td (finity group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (marketing partners a portion of consumers) Tj ET Q q 0 0 0 rg BT 208.26 185.10 Td ( borrowing costs for car loan products of) Tj ET Q q 0 0 0 rg BT 371.09 185.10 Td (fered by these af) Tj ET Q q 0 0 0 rg BT 437.26 185.10 Td (finity group marketing partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (and common stock warrants issued to USAA; marketing sponsorship programs; and digital customer acquisition. See Part III, Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (13Certain Relationships, Related Party and Other ) Tj ET Q q 0 0 0 rg BT 242.99 161.10 Td (T) Tj ET Q q 0 0 0 rg BT 248.75 161.10 Td (ransactions Strategic Partnerships United Services ) Tj ET Q q 0 0 0 rg BT 476.76 161.10 Td (Automobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (Association for a description of our arrangements with USAA. In addition, sales and marketing expenses include employee related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (expenses for sales, customer support, marketing and public relations employees, including salaries, bonuses, benefits, severance, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (stock-based compensation expenses; third-party contractor fees; and facilities costs. Sales and marketing expenses also include costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (related to common stock warrants issued to a service provider as part of our commercial arrangements with them. Marketing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (advertising costs promote our services and are expensed as incurred, except for media production costs which are expensed the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (time the advertisement is aired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 77.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 65.10 Td (T) Tj ET Q q 0 0 0 rg BT 76.64 65.10 Td (echnology and Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.49 65.10 Td (. ) Tj ET Q q 0 0 0 rg BT 200.31 65.10 Td (T) Tj ET Q q 0 0 0 rg BT 205.72 65.10 Td (echnology and development expenses consist primarily of employee related expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (including salaries, bonuses, benefits, severance and stock-based compensation expenses, third-party contractor fees, facilities costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (software costs, as well as our product development, product management, research and analytics, and internal IT) Tj ET Q q 0 0 0 rg BT 486.49 41.10 Td ( functions.) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 749.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 737.10 Td (General and ) Tj ET Q q 0 0 0 rg BT 124.59 737.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.47 737.10 Td (. General and administrative expenses consist primarily of employee related expenses including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (salaries, bonuses, benefits, severance, and stock-based compensation expenses for executive, finance, accounting, legal, and human ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (resources. General and administrative expenses also include legal, accounting, and other third-party professional service fees, bad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (debt, lease exit costs, and facilities costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 689.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 92.18 677.10 Td (eciation and ) Tj ET Q q 0 0 0 rg BT 144.21 677.10 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.44 677.10 Td (. Depreciation consists primarily of depreciation expense recorded on property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 82.66 665.10 Td (Amortization expense consists primarily of amortization recorded on intangible assets, capitalized software costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (leasehold improvements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 641.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 91.07 629.10 Td (est Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.10 629.10 Td (. Interest income consists of interest earned on our cash and cash equivalents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 617.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 605.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 91.07 605.10 Td (est Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.99 605.10 Td (. Interest expense primarily consists of interest on our built-to-suit lease financing obligations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.10 Td (\(Benefit fr) Tj ET Q q 0 0 0 rg BT 112.45 581.10 Td (om\) / Pr) Tj ET Q q 0 0 0 rg BT 145.41 581.10 Td (ovision for Income T) Tj ET Q q 0 0 0 rg BT 227.54 581.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.31 581.10 Td (. ) Tj ET Q q 0 0 0 rg BT 255.13 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 263.76 581.10 Td (e are subject to federal and state income taxes in the United States. ) Tj ET Q q 0 0 0 rg BT 532.93 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 541.57 581.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (provided a full valuation allowance against our net deferred tax assets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.50 569.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.08 569.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.52 569.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.11 569.10 Td ( as it is more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (likely than not that some or all of our deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 345.07 557.10 Td (As a result of the valuation allowance, our income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (benefit \(or expense\) is significantly less than the federal statutory rate of 34%. Our benefit for income taxes in 2017 primarily reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (a benefit associated with the reduction in corporate tax rates and a benefit due to the decrease in valuation allowance associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (the partial recognition of the Company's tax-deductible goodwill amortization as an available source of income to realize deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (assets. Our provision for income taxes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.08 509.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.08 509.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.52 509.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.52 509.10 Td (primarily reflect a tax expense associated with the amortization of tax-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (deductible goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 485.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 473.10 Td (e have accumulated federal net operating loss carryforwards of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.94 473.10 Td ($393.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.84 473.10 Td ( and state net operating loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (carryforwards of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.67 461.10 Td ($247.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.56 461.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.78 461.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.36 461.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 449.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 437.10 Td (See Note 9 of our consolidated financial statements included herein for more information about our provision for income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 389.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 377.10 Td (The following table sets forth our selected consolidated statements of operations data for each of the periods indicated.) 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0.9333333333333333 1 rg /GS0 gs 373.50 226.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 226.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 226.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 196.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 196.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 196.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 196.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 196.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 196.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 166.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 166.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 166.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 166.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 166.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 166.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 136.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 136.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 136.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 136.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 136.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 136.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 106.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 106.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 106.60 4.00 -15.00 re f /GS0 gs 0.8 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w 0 i [] 0 d 0 J 0 j 3 M 511.5 334.6 m 576.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 334.6 m 438.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 324.6 m 438.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 334.6 m 507.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 324.6 m 507.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 334.6 m 576.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 324.6 m 576.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 181.60000000000002 m 438.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 181.60000000000002 m 507.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 181.60000000000002 m 576.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 181.60000000000002 m 438.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 166.60000000000002 m 438.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 181.60000000000002 m 507.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 166.60000000000002 m 507.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 181.60000000000002 m 576.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 166.60000000000002 m 576.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 166.60000000000002 m 438.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 166.60000000000002 m 507.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 166.60000000000002 m 576.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 106.60000000000002 m 438.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 106.60000000000002 m 507.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 106.60000000000002 m 576.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 76.60000000000002 m 438.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 76.60000000000002 m 507.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 76.60000000000002 m 576.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 76.60000000000002 m 438.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 62.60000000000002 m 438.5 62.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 60.60000000000002 m 438.5 60.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 76.60000000000002 m 507.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 62.60000000000002 m 507.5 62.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 60.60000000000002 m 507.5 60.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 76.60000000000002 m 576.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 62.60000000000002 m 576.5 62.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 60.60000000000002 m 576.5 60.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 346.73 Td (Y) Tj ET Q q 0 0 0 rg BT 459.78 346.73 Td (ear) Tj ET Q q 0 0 0 rg BT 470.37 346.73 Td (Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 336.73 Td (December) Tj ET Q q 0 0 0 rg BT 485.82 336.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 326.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 326.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 326.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.15 312.73 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 301.28 Td (Consolidated Statements of Operations Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 301.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 301.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 301.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 286.27 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 286.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 286.27 Td (323,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 286.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 286.27 Td (277,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 286.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 286.27 Td (259,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 271.27 Td (Costs and operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 271.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 271.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 271.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 256.27 Td (Cost of revenue \(exclusive of depreciation and amortization presented) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 246.27 Td (separately below\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 246.27 Td (28,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 246.27 Td (25,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 246.27 Td (23,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 231.27 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 231.27 Td (185,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 231.27 Td (154,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 231.27 Td (151,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 216.27 Td (T) Tj ET Q q 0 0 0 rg BT 56.76 216.27 Td (echnology and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 216.27 Td (59,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 216.27 Td (53,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 216.27 Td (48,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 201.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 201.27 Td (61,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 201.27 Td (59,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 201.27 Td (83,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 186.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 186.27 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 186.27 Td (23,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 186.27 Td (17,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 171.27 Td (T) Tj ET Q q 0 0 0 rg BT 62.41 171.27 Td (otal costs and operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 171.27 Td (356,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 171.27 Td (316,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 171.27 Td (323,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 156.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 156.32 Td (\(33,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 156.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 156.32 Td (\(38,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 156.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 156.27 Td (\(63,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 156.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 141.27 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 141.27 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 141.27 Td (376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 141.27 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 126.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 126.32 Td (\(2,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 126.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 126.32 Td (\(2,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 126.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 126.27 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 126.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 111.27 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 111.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 111.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 111.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 96.27 Td (Loss before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 96.32 Td (\(35,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 96.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 96.32 Td (\(41,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 96.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 96.27 Td (\(64,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 96.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 81.27 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 81.32 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 81.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 81.27 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 81.27 Td (606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 66.27 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 66.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 66.32 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 66.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 66.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 66.32 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 66.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 66.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 66.27 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 567.63 66.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 66.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (The following table sets forth our selected consolidated statements of operations data as a percentage of revenues for each of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (the periods indicated.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 684.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 684.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 684.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 684.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 654.60 337.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 654.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 654.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 654.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 654.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 654.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 614.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 614.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 614.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 614.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 584.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 584.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 584.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 584.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 554.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 554.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 554.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 554.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 524.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 524.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 524.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 524.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 494.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 494.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 494.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 494.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 494.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 494.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.6 m 438.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.6 m 442.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 694.6 m 507.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 694.6 m 511.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 694.6 m 576.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.6 m 438.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 684.6 m 438.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 694.6 m 507.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 684.6 m 507.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 694.6 m 576.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 684.6 m 576.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 684.6 m 438.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 684.6 m 507.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 684.6 m 576.5 684.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 706.73 Td (Y) Tj ET Q q 0 0 0 rg BT 459.78 706.73 Td (ear) Tj ET Q q 0 0 0 rg BT 470.37 706.73 Td (Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 696.73 Td (December) Tj ET Q q 0 0 0 rg BT 485.82 696.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 686.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 686.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 686.73 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 674.27 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 674.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 674.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 674.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 674.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 674.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 674.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 659.27 Td (Costs and operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 659.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 659.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 659.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 644.27 Td (Cost of revenue \(exclusive of depreciation and amortization presented separately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 634.27 Td (below\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 634.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 634.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 634.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 619.27 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 619.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 619.27 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 619.27 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 604.27 Td (T) Tj ET Q q 0 0 0 rg BT 50.76 604.27 Td (echnology and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 604.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 604.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 604.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 589.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 589.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 589.27 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 589.27 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 574.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 574.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 574.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 574.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 559.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.95 559.27 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.95 559.27 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 559.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 544.27 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 544.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 544.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 544.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 529.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.95 529.27 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 529.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.95 529.27 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 529.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 529.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 514.27 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 514.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 514.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 514.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 499.27 Td (Loss before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.95 499.27 Td (\(1) Tj ET Q q 0 0 0 rg BT 421.28 499.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.95 499.27 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 499.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 484.27 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.95 484.27 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 484.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 484.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 484.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 469.27 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.95 469.27 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 469.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.95 469.27 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 469.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 469.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 469.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.00 465.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 451.6 m 242.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 449.6 m 242.5 449.6 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 434.70 Td (* ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 434.70 Td (Lessthan0.5% ofrevenues) Tj ET Q BT /F1 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 182.24 434.70 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 410.70 Td (Comparison of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.74 410.70 Td (Y) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.86 410.70 Td (ears Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.42 410.70 Td (December) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.54 410.70 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.04 410.70 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.04 410.70 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.04 410.70 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.17 410.70 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.17 410.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.00 398.70 Td () Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 386.70 Td (Revenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 342.20 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 342.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 342.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 342.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 342.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 342.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 342.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 342.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 342.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 342.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 312.20 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 312.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 312.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 312.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 312.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 312.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 312.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 312.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 312.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 312.20 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 366.2 m 300.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 366.2 m 304.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 366.2 m 369.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 366.2 m 373.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 366.2 m 438.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 366.2 m 507.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 366.2 m 511.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 366.2 m 576.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 366.2 m 300.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 356.2 m 300.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 366.2 m 369.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 356.2 m 369.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 366.2 m 438.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 356.2 m 438.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 366.2 m 507.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 356.2 m 507.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 366.2 m 576.5 366.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 356.2 m 576.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 297.2 m 300.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 297.2 m 369.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 297.2 m 438.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 297.2 m 300.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 283.2 m 300.5 283.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 281.2 m 300.5 281.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 297.2 m 369.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 283.2 m 369.5 283.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 281.2 m 369.5 281.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 297.2 m 438.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 283.2 m 438.5 283.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 281.2 m 438.5 281.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 297.2 m 507.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 283.2 m 507.5 283.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 281.2 m 507.5 281.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 297.2 m 576.5 297.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 283.2 m 576.5 283.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 281.2 m 576.5 281.2 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 290.55 368.33 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 368.33 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 368.33 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 368.33 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 358.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 358.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 358.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 358.33 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 358.33 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 344.33 Td (\(dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 331.88 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 331.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 331.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 331.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 331.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 331.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 316.87 Td (T) Tj ET Q q 0 0 0 rg BT 50.93 316.87 Td (ransaction revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 316.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 316.87 Td (303,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 316.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 316.87 Td (259,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 316.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 316.87 Td (241,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 316.87 Td (17.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 316.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 316.87 Td (7.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 316.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 301.87 Td (Forecasts, consulting and other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 301.87 Td (19,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 301.87 Td (17,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 301.87 Td (18,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 301.87 Td (7.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 301.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.45 301.92 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 301.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 286.87 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 286.87 Td (otal revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 286.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 286.87 Td (323,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 286.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 286.87 Td (277,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 286.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 286.87 Td (259,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 286.87 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 286.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 286.87 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 286.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 270.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 258.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 258.70 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 258.70 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 258.70 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.37 258.70 Td (December) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.50 258.70 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 203.00 258.70 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 258.70 Td (ed to year) Tj ET Q q 0 0 0 rg BT 280.11 258.70 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 258.70 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 258.70 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 258.70 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 258.70 Td (The increase in our revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.39 258.70 Td ($45.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 246.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 246.70 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.22 246.70 Td (16.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.05 246.70 Td (, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.21 246.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.21 246.70 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.74 246.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.74 246.70 Td ( primarily reflected the increase in our transaction revenue. ) Tj ET Q q 0 0 0 rg BT 467.34 246.70 Td (T) Tj ET Q q 0 0 0 rg BT 473.10 246.70 Td (ransaction revenue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 234.70 Td (forecasts, consulting and other revenue comprised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.99 234.70 Td (94.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.82 234.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.26 234.70 Td (6.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.09 234.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 357.75 234.70 Td (, of revenues for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.78 234.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.78 234.70 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.31 234.70 Td (93.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.14 234.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 222.70 Td (6.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.83 222.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 109.49 222.70 Td (, of revenues for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.52 222.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.52 222.70 Td (. ) Tj ET Q q 0 0 0 rg BT 202.34 222.70 Td (The increase in transaction revenue for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.59 222.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.59 222.70 Td ( primarily reflected a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.22 222.70 Td (18.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.05 222.70 Td ( increase in units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 210.70 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.05 210.70 Td (7.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.88 210.70 Td ( increase in forecasts, consulting and other revenue for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.90 210.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.90 210.70 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.43 210.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.43 210.70 Td ( is primarily due to revenue from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 198.70 Td (delivery of a lar) Tj ET Q q 0 0 0 rg BT 99.40 198.70 Td (ge project in our ) Tj ET Q q 0 0 0 rg BT 167.16 198.70 Td (ALG business in the first quarter of 2017. In 2018, we expect our year) Tj ET Q q 0 0 0 rg BT 448.27 198.70 Td (-over) Tj ET Q q 0 0 0 rg BT 469.17 198.70 Td (-year revenue to increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 186.70 Td (as the result of our investments in dealer and OEM relationships, in consumer messaging and in our technology platform, which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 174.70 Td (believe will enable our business to scale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 162.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 150.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 150.70 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 150.70 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 150.70 Td ( ended December) Tj ET Q q 0 0 0 rg BT 165.50 150.70 Td (31, 2016 compar) Tj ET Q q 0 0 0 rg BT 238.08 150.70 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 150.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 150.70 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 150.70 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 150.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 150.70 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 150.70 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 150.70 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 150.70 Td (The increase in our revenues of$17.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 138.70 Td (millionor6.8%, for2016as compared to2015reflected the increase in our transaction revenue. ) Tj ET Q q 0 0 0 rg BT 422.63 138.70 Td (T) Tj ET Q q 0 0 0 rg BT 428.39 138.70 Td (ransaction revenue and forecasts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 126.70 Td (consulting and other revenue comprised93.5%and6.5%, respectively) Tj ET Q q 0 0 0 rg BT 317.21 126.70 Td (, of revenues for2016as compared to92.9%and7.1%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 114.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 83.66 114.70 Td (, of revenues for2015. ) Tj ET Q q 0 0 0 rg BT 176.51 114.70 Td (The increase in transaction revenue for2016primarily reflected a7.6%increase in units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 102.70 Td (The2.5%decrease in forecasts, consulting and other revenue for2016as compared to2015is primarily due to a decrease in lead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 90.70 Td (referral fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 78.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 54.70 Td () Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (48) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 749.25 Td (CostsandOperatingExpenses) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 99.00 737.25 Td () Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 725.25 Td (CostofRevenue\(exclusiveofdepreciationandamortization\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 323.37 725.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 679.75 199.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 679.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 679.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 679.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 679.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 679.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 679.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 679.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 679.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 679.75 65.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 704.75 m 300.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 704.75 m 304.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 704.75 m 369.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 704.75 m 373.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 704.75 m 438.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 704.75 m 507.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 704.75 m 511.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 704.75 m 576.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 704.75 m 300.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 694.75 m 300.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 694.75 m 304.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 704.75 m 369.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 694.75 m 369.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 694.75 m 373.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 704.75 m 438.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.75 m 438.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 704.75 m 507.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 694.75 m 507.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 704.75 m 511.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 704.75 m 576.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 694.75 m 576.5 694.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.55 706.88 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 706.88 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 706.88 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 706.88 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 696.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 696.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 696.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 696.88 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 696.88 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 682.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 682.83 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 669.42 Td (Cost of revenue \(exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 659.42 Td (amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 659.42 Td (28,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 659.42 Td (25,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 659.42 Td (23,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 659.42 Td (12.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 659.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 659.42 Td (6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 659.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 644.42 Td (Cost of revenue \(exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 634.42 Td (amortization\) as a percentage of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 634.42 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 634.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 634.42 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 634.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 634.42 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 634.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 634.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 634.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 618.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 606.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 606.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 606.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 606.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.37 606.25 Td (December) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.50 606.25 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 203.00 606.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 606.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 606.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 606.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 606.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 606.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 606.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 606.25 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 606.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 606.25 Td (The increase in cost of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.11 606.25 Td ($3.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 594.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 594.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.22 594.25 Td (12.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.05 594.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.71 594.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.71 594.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.24 594.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.24 594.25 Td ( was primarily due to costs for an automotive trade-in pilot program with a lar) Tj ET Q q 0 0 0 rg BT 538.20 594.25 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 582.25 Td (vehicle wholesaler that commenced in the second quarter of 2017. ) Tj ET Q q 0 0 0 rg BT 302.85 582.25 Td (Although we expect our cost of revenue to increase in dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 570.25 Td (amount, we believe that the nature of our cost structure will enable us to realize operating leverage in our business over time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 558.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 546.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 546.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 546.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 546.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 546.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 546.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 546.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 546.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 546.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 546.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 546.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 546.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 546.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 546.25 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 546.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 546.25 Td (The increase in cost of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.11 546.25 Td ($1.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 534.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 534.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.22 534.25 Td (6.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.05 534.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.71 534.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.71 534.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.24 534.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.24 534.25 Td ( was primarily due to increased employee related costs associated with an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 522.25 Td (headcount. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 498.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 498.25 Td (Sales and Marketing Expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 453.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 453.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 453.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 477.75 m 300.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 477.75 m 304.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 477.75 m 369.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 477.75 m 373.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 477.75 m 438.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 477.75 m 507.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 477.75 m 511.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 477.75 m 576.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 467.75 m 300.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 467.75 m 369.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 467.75 m 438.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 477.75 m 507.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 467.75 m 507.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 477.75 m 511.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 477.75 m 576.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 467.75 m 576.5 467.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.55 479.88 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 479.88 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 479.88 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 479.88 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 469.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 469.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 469.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 469.88 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 469.88 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 455.88 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 443.42 Td (Sales and marketing expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 443.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 443.42 Td (185,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 443.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 443.42 Td (154,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 443.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 443.42 Td (151,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 443.42 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 443.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 443.42 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 443.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 428.42 Td (Sales and marketing expense as a percentage of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 418.42 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 418.42 Td (57.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 418.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 418.42 Td (55.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 418.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 418.42 Td (58.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 418.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 418.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 418.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 402.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 390.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 390.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 390.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 390.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 390.25 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 390.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 390.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 390.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 390.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 390.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 390.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 390.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 390.25 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 390.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 390.25 Td (The increase in sales and marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 378.25 Td (expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.43 378.25 Td ($31.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.32 378.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.65 378.25 Td (20.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.48 378.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.14 378.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.14 378.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.67 378.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.67 378.25 Td ( reflected a $12.3 million increase in salaries and employee related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 366.25 Td (expenses primarily due to increased headcount, a $10.3 million increase in revenue share paid to af) Tj ET Q q 0 0 0 rg BT 432.06 366.25 Td (finity marketing partners, a $4.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 354.25 Td (million increase in stock-based compensation, a $2.7 million increase in conference and travel related expenses, a $0.7 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 342.25 Td (increase in advertising costs, and a $0.6 million increase in facilities costs. ) Tj ET Q q 0 0 0 rg BT 336.01 342.25 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 467.44 342.25 Td (fset by a $0.9 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 330.25 Td (decrease in professional fees for outsourced services. ) Tj ET Q q 0 0 0 rg BT 250.73 330.25 Td (W) Tj ET Q q 0 0 0 rg BT 259.37 330.25 Td (e expect sales and marketing expenses to continue to increase in total due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 318.25 Td (increased headcount to better serve dealers and OEMs, as well as increased af) Tj ET Q q 0 0 0 rg BT 347.07 318.25 Td (finity group marketing partner fees, media production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 306.25 Td (costs, television and radio advertising, digital customer acquisition costs, and marketing programs as we grow our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 294.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 282.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 282.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 282.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 282.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 282.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 282.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 282.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 282.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 282.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 282.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 282.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 282.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 282.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 282.25 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 282.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 282.25 Td (The increase in sales and marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 270.25 Td (expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.43 270.25 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.32 270.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.65 270.25 Td (2.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.48 270.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.14 270.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.14 270.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.67 270.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.67 270.25 Td ( reflected a $1) Tj ET Q q 0 0 0 rg BT 347.21 270.25 Td (1.6 million increase in salaries and employee related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 258.25 Td (expenses primarily due to our increased headcount and a $1.3 million increase in stock-based compensation. ) Tj ET Q q 0 0 0 rg BT 472.07 258.25 Td (The increase was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 246.25 Td (partially of) Tj ET Q q 0 0 0 rg BT 79.97 246.25 Td (fset by a $6.7 million decrease in advertising as we reduced our expenditures to maintain the ef) Tj ET Q q 0 0 0 rg BT 460.50 246.25 Td (ficiency of our customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 234.25 Td (acquisition spending, a $1.3 million decrease in outsourced services and consulting fees, and a $1.1 million decrease in revenue share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 222.25 Td (paid to af) Tj ET Q q 0 0 0 rg BT 73.58 222.25 Td (finity marketing partners. ) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (49) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 749.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 749.25 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.19 749.25 Td (echnologyandDevelopmentExpenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 704.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 704.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 704.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 704.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 704.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 704.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 704.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 704.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 704.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 704.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 664.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 664.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 664.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 664.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 664.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 664.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 728.75 m 300.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 728.75 m 304.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 728.75 m 369.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 728.75 m 373.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 728.75 m 438.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 728.75 m 507.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 728.75 m 511.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 728.75 m 576.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 718.75 m 300.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 718.75 m 369.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 718.75 m 438.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 728.75 m 507.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 718.75 m 507.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 728.75 m 511.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 728.75 m 576.5 728.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.75 m 576.5 718.75 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 290.55 730.88 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 730.88 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 730.88 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 730.88 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 720.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 720.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 720.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 720.88 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 720.88 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 706.88 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 694.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 694.42 Td (echnology and development expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 694.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 694.42 Td (59,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 694.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 694.42 Td (53,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 694.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 694.42 Td (48,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 694.42 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 694.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 694.42 Td (1) Tj ET Q q 0 0 0 rg BT 551.80 694.42 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 694.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 679.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 679.42 Td (echnology and development expenses as a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 669.42 Td (percentage of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 669.42 Td (18.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 669.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 669.42 Td (19.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 669.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 669.42 Td (18.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 669.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 669.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 669.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 654.42 Td (Capitalized software costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 654.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 654.42 Td (15,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 654.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 654.42 Td (12,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 654.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 654.42 Td (15,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 654.42 Td (29.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 654.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 654.42 Td (\(23.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 654.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 638.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 626.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 626.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 626.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 626.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 626.25 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 626.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 626.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 626.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 626.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 626.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 626.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 626.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 626.25 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 626.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 626.25 Td (The increase in technology and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 614.25 Td (expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.43 614.25 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.32 614.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.65 614.25 Td (10.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.48 614.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.14 614.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.14 614.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.67 614.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.67 614.25 Td ( is primarily due to an increase in stock-based compensation of $3.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 602.25 Td (million, an increase in hosting costs of $1.1 million, an increase in facilities costs of $0.9 million, and an increase in professional fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 590.25 Td (of $0.4 million. ) Tj ET Q q 0 0 0 rg BT 100.54 590.25 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 231.96 590.25 Td (fset by a decrease in severance costs of $1.6 million primarily related to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 578.25 Td (reor) Tj ET Q q 0 0 0 rg BT 51.92 578.25 Td (ganization in our product and technology teams in the second quarter of 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 554.25 Td (Capitalized software costs increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.72 554.25 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.61 554.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.27 554.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.27 554.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 554.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 554.25 Td ( primarily due to an increase in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 542.25 Td (salaries capitalized for the development of internal use software of $1.9 million and an increase in the amount of capitalized third-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 530.25 Td (party developer and software costs of $1.6 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 506.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 506.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 506.25 Td (e expect our technology and development expenses to increase in dollar amount as we continue to increase our developer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 494.25 Td (headcount to upgrade and enhance our technology infrastructure, invest in our products, expand the functionality of our platform and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 482.25 Td (provide new product of) Tj ET Q q 0 0 0 rg BT 129.40 482.25 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 161.99 482.25 Td (W) Tj ET Q q 0 0 0 rg BT 170.63 482.25 Td (e also expect technology and development expenses to continue to be af) Tj ET Q q 0 0 0 rg BT 458.41 482.25 Td (fected by variations in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 470.25 Td (amount of capitalized internally developed software.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 458.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 446.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 446.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 446.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 446.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 446.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 446.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 446.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 446.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 446.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 446.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 446.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 446.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 446.25 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 446.25 Td (.) Tj ET Q q 0 0 0 rg BT 396.12 446.25 Td (The increase in technology and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 434.25 Td (expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.43 434.25 Td ($5.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.32 434.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.65 434.25 Td (1) Tj ET Q q 0 0 0 rg BT 152.28 434.25 Td (1.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.11 434.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.77 434.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.77 434.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.30 434.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 434.25 Td ( includes an increase of $5.7 million in increased salaries and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 422.25 Td (expenses due to increased headcount, higher bonus expense in 2016 than in 2015, and $1.3 million of severance costs related to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 410.25 Td (reor) Tj ET Q q 0 0 0 rg BT 51.92 410.25 Td (ganization in our product and technology teams made in the second quarter of 2016 to better align our resources with business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 398.25 Td (objectives as we transition from multiple software platforms to a unified architecture. ) Tj ET Q q 0 0 0 rg BT 379.88 398.25 Td (The increase in technology and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 386.25 Td (expense also includes a $1.7 million increase in software license and hosting expenses. ) Tj ET Q q 0 0 0 rg BT 386.00 386.25 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 517.42 386.25 Td (fset by a $0.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 374.25 Td (million decrease in write-of) Tj ET Q q 0 0 0 rg BT 146.61 374.25 Td (fs of capitalized software that we determined not to place in service and a $0.5 million increase in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.25 Td (amount of salaries capitalized for the development of internal use software costs, which reduced technology development expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 338.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 338.25 Td (Capitalized software costs decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.38 338.25 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.27 338.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.93 338.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.93 338.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.46 338.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.46 338.25 Td ( primarily due to the decrease in the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 326.25 Td (of capitalized third-party developer and software costs of $4.1 million, which was partially of) Tj ET Q q 0 0 0 rg BT 409.87 326.25 Td (fset by an increase in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 314.25 Td (salaries capitalized for the development of internal use software of $0.5 million. ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 284.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 284.25 Td (General and) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.52 284.25 Td (AdministrativeExpenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 239.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 239.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 239.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 239.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 239.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 239.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 239.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 239.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 239.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 239.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 263.75 m 300.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 263.75 m 304.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 263.75 m 369.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 263.75 m 373.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 263.75 m 438.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 263.75 m 507.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 263.75 m 511.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 263.75 m 576.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 253.75 m 300.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 253.75 m 369.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 253.75 m 438.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 263.75 m 507.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 253.75 m 507.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 263.75 m 511.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 263.75 m 576.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 253.75 m 576.5 253.75 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 290.55 265.88 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 265.88 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 265.88 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 265.88 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 255.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 255.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 255.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 255.88 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 255.88 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 241.88 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 229.42 Td (General and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 229.42 Td (61,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 229.42 Td (59,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 229.42 Td (83,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 229.42 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 229.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 229.42 Td (\(28.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 229.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 214.42 Td (General and administrative expense as a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 204.42 Td (percentage of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 204.42 Td (19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 204.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 204.42 Td (21.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 204.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 204.42 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 204.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 204.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 204.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 188.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 176.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 176.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 176.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 176.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 176.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 176.25 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 176.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 176.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 176.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 176.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 176.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 176.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 176.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 176.25 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 176.25 Td (. General and administrative expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 164.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.25 164.25 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.15 164.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.48 164.25 Td (2.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.31 164.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.97 164.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.97 164.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.50 164.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 164.25 Td (. ) Tj ET Q q 0 0 0 rg BT 286.32 164.25 Td (The increase is primarily due to a $6.9 million increase in legal related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 152.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 76.92 152.25 Td (The increase was partially of) Tj ET Q q 0 0 0 rg BT 192.24 152.25 Td (fset by a $4.0 million decrease in facilities costs primarily due to decreased lease exit char) Tj ET Q q 0 0 0 rg BT 552.48 152.25 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 140.25 Td (of $3.2 million, a $1.2 million decrease in salaries and employee related expenses primarily due to decreased bonus expense, a $0.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.25 Td (million decrease in stock-based compensation primarily driven by a reduction in compensation expense related to employees who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 116.25 Td (terminated in 2016, and a $0.4 million decrease in consulting costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 92.25 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 92.25 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 92.25 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 92.25 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 92.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 92.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 92.25 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 92.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 92.25 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 92.25 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 92.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 92.25 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 92.25 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 92.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 92.25 Td (The decrease in general and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 80.25 Td (expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.43 80.25 Td ($23.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.32 80.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.65 80.25 Td (28.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.48 80.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.14 80.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.14 80.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.67 80.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.67 80.25 Td ( is primarily due to a $19.4 million reduction in stock based-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.25 Td (compensation as a result of certain terminated executives who received accelerations and modifications of their equity awards in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 56.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 85.90 56.25 Td (, the decrease in general and administration expense includes a $7.5 million decrease in professional services fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 44.25 Td (primarily due to decreased legal fees related to ongoing litigation. ) Tj ET Q q 0 0 0 rg BT 301.56 44.25 Td (These decreases were partially of) Tj ET Q q 0 0 0 rg BT 434.64 44.25 Td (fset by an increase of $2.4 million ) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (in facilities costs, which includes a $0.8 million increase in lease exit costs associated with certain leased facilities that we exited in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (the fourth quarter of 2015. For further discussion of executive severance, refer to Note 6 to our consolidated financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (contained herein. ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 701.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 701.10 Td (Depreciationand) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.52 701.10 Td (AmortizationExpenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 656.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 656.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 680.6 m 300.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 680.6 m 304.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 680.6 m 369.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 680.6 m 373.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 680.6 m 438.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 680.6 m 507.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 680.6 m 511.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 680.6 m 576.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 670.6 m 300.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 670.6 m 369.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 670.6 m 438.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 680.6 m 507.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 670.6 m 507.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 680.6 m 511.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 680.6 m 576.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 670.6 m 576.5 670.6 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 290.55 682.73 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 682.73 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 682.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 682.73 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 672.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 672.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 672.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 672.73 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 672.73 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 658.73 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 646.27 Td (Depreciation and amortization expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 646.27 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 646.27 Td (23,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 646.27 Td (17,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.45 646.27 Td (\(3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 646.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 646.27 Td (32.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 646.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 630.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 618.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 618.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 618.10 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 618.10 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 618.10 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 618.10 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 618.10 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 618.10 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 618.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 618.10 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 618.10 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 618.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 618.10 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 618.10 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 618.10 Td (. Depreciation and amortization expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 606.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.91 606.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.81 606.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.14 606.10 Td (3.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.97 606.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.63 606.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.63 606.10 Td (as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.16 606.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.16 606.10 Td ( due to lower capitalized software costs in 2016 than in 2015 that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 594.10 Td (impacted depreciation and amortization of these assets in subsequent years. ) Tj ET Q q 0 0 0 rg BT 339.89 594.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.52 594.10 Td (e expect our depreciation and amortization expenses to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 582.10 Td (continue to be af) Tj ET Q q 0 0 0 rg BT 102.74 582.10 Td (fected by the amount of capitalized internally developed software costs, property and equipment and the timing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 570.10 Td (placing projects in service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 558.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 546.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 546.10 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 546.10 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 546.10 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 546.10 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 546.10 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 546.10 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 546.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 546.10 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 546.10 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 546.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 546.10 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 546.10 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 546.10 Td (. Depreciation and amortization expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 534.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.25 534.10 Td ($5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.15 534.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.48 534.10 Td (32.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.31 534.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.97 534.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.97 534.10 Td (as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 534.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 534.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.32 534.10 Td (The increase was primarily related to growth in capitalized software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 522.10 Td (costs and includes $2.1 million in accelerated depreciation related to software assets that we have determined to have shortened useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 510.10 Td (lives in light of recently commenced ef) Tj ET Q q 0 0 0 rg BT 192.43 510.10 Td (forts to upgrade our technology infrastructure. ) Tj ET Q q 0 0 0 rg BT 379.69 510.10 Td (The shortened useful lives of these assets result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 498.10 Td (in comparatively greater depreciation in 2016 than the corresponding periods in 2015. ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 474.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 474.10 Td (InterestExpense) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 429.60 199.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 429.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 429.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 429.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 429.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 429.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 453.6 m 300.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 453.6 m 304.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 453.6 m 369.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 453.6 m 373.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 453.6 m 438.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 453.6 m 507.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 453.6 m 511.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 453.6 m 576.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 443.6 m 300.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 443.6 m 369.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 443.6 m 438.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 453.6 m 507.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 443.6 m 507.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 453.6 m 511.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 453.6 m 576.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 443.6 m 576.5 443.6 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 290.55 455.73 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 455.73 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 455.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 455.73 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 445.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 445.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 445.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 445.73 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 445.73 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 431.73 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 420.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 420.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 420.17 Td (2,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 420.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 420.17 Td (2,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 420.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 420.17 Td (443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 420.17 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 420.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 420.17 Td (471.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 420.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 404.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 392.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 392.10 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 392.10 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 392.10 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 392.10 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 392.10 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 392.10 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 392.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 392.10 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 392.10 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 392.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 392.10 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 392.10 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 392.10 Td (. Interest expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.74 392.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.63 392.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 380.10 Td (3.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.83 380.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.49 380.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.49 380.10 Td (as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.02 380.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.02 380.10 Td (. Interest expense relates to interest incurred on our lease financing obligation for our Santa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 368.10 Td (Monica leased of) Tj ET Q q 0 0 0 rg BT 104.68 368.10 Td (fice space and San Francisco leased of) Tj ET Q q 0 0 0 rg BT 258.32 368.10 Td (fice space. ) Tj ET Q q 0 0 0 rg BT 302.84 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.47 368.10 Td (e expect to incur a consistent level of interest expense on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 356.10 Td (lease financing obligation in 2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 332.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 332.10 Td (ear) Tj ET Q q 0 0 0 rg BT 91.81 332.10 Td ( ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.37 332.10 Td (December) Tj ET Q q 0 0 0 rg BT 165.50 332.10 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 332.10 Td ( compar) Tj ET Q q 0 0 0 rg BT 238.08 332.10 Td (ed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 332.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 332.10 Td (year) Tj ET Q q 0 0 0 rg BT 280.11 332.10 Td ( ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.17 332.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.67 332.10 Td (December) Tj ET Q q 0 0 0 rg BT 353.80 332.10 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 332.10 Td (. ) Tj ET Q q 0 0 0 rg BT 396.12 332.10 Td (The increase in interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.17 332.10 Td ($2.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 320.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 320.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.22 320.10 Td (471.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.05 320.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.71 320.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.71 320.10 Td (as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.24 320.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.24 320.10 Td ( is primarily due to our Santa Monica leased of) Tj ET Q q 0 0 0 rg BT 419.07 320.10 Td (fice space, for which we began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 308.10 Td (expensing interest in December 2015.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 284.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 284.10 Td (Benefit from / ProvisionforIncomeT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.74 284.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 246.07 284.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 239.60 199.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 239.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 239.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 239.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 239.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 239.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 239.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 239.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 239.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 239.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 263.6 m 300.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 263.6 m 304.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 263.6 m 369.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 263.6 m 373.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 263.6 m 438.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 263.6 m 507.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 263.6 m 511.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 263.6 m 576.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 253.60000000000002 m 300.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 253.60000000000002 m 369.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 253.60000000000002 m 438.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 263.6 m 507.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 253.60000000000002 m 507.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 263.6 m 511.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 263.6 m 576.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 253.60000000000002 m 576.5 253.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.55 265.73 Td (Y) Tj ET Q q 0 0 0 rg BT 295.88 265.73 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 370.46 265.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 265.73 Td (%Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.50 255.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 255.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 255.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 255.73 Td (2017vs.2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 255.73 Td (2016vs.2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 241.73 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 230.17 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 230.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 230.22 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 230.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 230.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 230.17 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 230.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 230.17 Td (606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.45 230.17 Td (\(430.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 230.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 230.17 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 230.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 214.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 202.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.11 202.10 Td (ears ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.44 202.10 Td (December) Tj ET Q q 0 0 0 rg BT 169.57 202.10 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.07 202.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.07 202.10 Td (December) Tj ET Q q 0 0 0 rg BT 255.19 202.10 Td (31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.69 202.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.19 202.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.32 202.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.82 202.10 Td (December) Tj ET Q q 0 0 0 rg BT 356.94 202.10 Td (31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.44 202.10 Td (. Our benefit from income taxes for 2017 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 190.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 190.10 Td ( included a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.26 190.10 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.16 190.10 Td ( impact from the change in tax law) Tj ET Q q 0 0 0 rg BT 318.62 190.10 Td (. Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.39 190.10 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.28 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.60 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 408.01 190.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 419.40 190.10 Td (Act impact, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.55 190.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.44 190.10 Td ( resulted from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (the remeasurement of our U.S. federal deferred tax assets and liabilities at the tax rate expected to apply when the temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 166.10 Td (ferences are realized/settled and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.40 166.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.29 166.10 Td ( resulted from the decrease in valuation allowance associated with the partial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (recognition of our tax-deductible goodwill amortization as an available source of income to realize deferred tax assets. Our provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (for income taxes in 2016 and 2015primarily reflected tax expense due to amortization of tax-deductible goodwill.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td ( ) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (51) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 749.25 Td (Quarterly) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.00 749.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.50 749.25 Td (KeyMetricsandResultsofOperations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (The following tables set forth selected key metrics and unaudited quarterly consolidated statements of comprehensive loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (data for each of the quarters indicated. ) Tj ET Q q 0 0 0 rg BT 191.85 713.25 Td (The consolidated financial statements for each of these quarters have been prepared on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (same basis as the audited consolidated financial statements included herein and, in the opinion of management, include all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the consolidated results of operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (for these periods. ) Tj ET Q q 0 0 0 rg BT 107.27 677.25 Td (Y) Tj ET Q q 0 0 0 rg BT 113.50 677.25 Td (ou should read this information together with our consolidated financial statements and related notes included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (herein. ) Tj ET Q q 0 0 0 rg BT 65.80 665.25 Td (These quarterly operating results are not necessarily indicative of the results for any future period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 653.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 612.75 200.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 612.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 612.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 588.75 200.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 588.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 588.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 564.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 564.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 564.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 564.75 39.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 632.75 m 275.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 632.75 m 279.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 632.75 m 318.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 632.75 m 322.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 632.75 m 361.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 632.75 m 365.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 632.75 m 404.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 632.75 m 408.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 632.75 m 447.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 632.75 m 451.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 632.75 m 490.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 632.75 m 494.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 632.75 m 533.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.5 632.75 m 537.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 632.75 m 576.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 632.75 m 275.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 632.75 m 279.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 632.75 m 318.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 632.75 m 322.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 632.75 m 361.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 632.75 m 365.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 632.75 m 404.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 632.75 m 408.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 632.75 m 447.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 632.75 m 451.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 632.75 m 490.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 632.75 m 494.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 632.75 m 533.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.5 632.75 m 537.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 632.75 m 576.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 612.75 m 275.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 612.75 m 318.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 612.75 m 361.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 612.75 m 404.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 612.75 m 447.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 612.75 m 490.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 612.75 m 533.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 612.75 m 576.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 612.75 m 275.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 612.75 m 318.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 612.75 m 361.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 612.75 m 404.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 612.75 m 447.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 612.75 m 490.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 612.75 m 533.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 612.75 m 576.5 612.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.60 634.88 Td (Thr) Tj ET Q q 0 0 0 rg BT 382.86 634.88 Td (eeMonthsEnded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.05 624.88 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.90 624.88 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.05 624.88 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 624.88 Td (Mar) Tj ET Q q 0 0 0 rg BT 385.03 624.88 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.05 624.88 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.90 624.88 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.05 624.88 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 624.88 Td (Mar) Tj ET Q q 0 0 0 rg BT 557.03 624.88 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.50 614.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 614.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.50 614.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 614.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 614.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.50 614.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.50 614.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.50 614.88 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 604.70 Td (A) Tj ET Q q 0 0 0 rg BT 44.48 604.70 Td (verage Monthly Unique ) Tj ET Q q 0 0 0 rg BT 122.54 604.70 Td (V) Tj ET Q q 0 0 0 rg BT 128.00 604.70 Td (isitors) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 604.70 Td (7,260,931) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.25 604.70 Td (7,702,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.25 604.70 Td (7,215,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 604.70 Td (7,344,712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.25 604.70 Td (7,046,065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.25 604.70 Td (7,600,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 604.70 Td (6,683,027) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.25 604.70 Td (6,689,458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 592.70 Td (Units\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.25 592.70 Td (239,521) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 592.70 Td (253,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 592.70 Td (242,130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.25 592.70 Td (217,656) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.25 592.70 Td (218,807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.25 592.70 Td (220,633) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 592.70 Td (192,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.25 592.70 Td (174,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 580.70 Td (Monetization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.25 580.70 Td (328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.25 580.70 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 580.70 Td (319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.25 580.70 Td (324) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.25 580.70 Td (320) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 580.70 Td (319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.25 580.70 Td (321) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.00 580.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 561.25 580.70 Td (328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 568.70 Td (Franchise Dealer Count \(Ending\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 568.70 Td (12,142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 568.70 Td (12,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 568.70 Td (12,204) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 568.70 Td (1) Tj ET Q q 0 0 0 rg BT 383.25 568.70 Td (1,734) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 568.70 Td (1) Tj ET Q q 0 0 0 rg BT 426.25 568.70 Td (1,151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 568.70 Td (10,759) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 568.70 Td (10,135) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 568.70 Td (9,281) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 556.00 Td (Independent Dealer Count \(Ending\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 556.00 Td (2,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.25 556.00 Td (2,938) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 556.00 Td (2,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 556.00 Td (2,716) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 556.00 Td (2,597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 556.00 Td (2,537) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.25 556.00 Td (2,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 556.00 Td (2,321) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 486.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 486.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 458.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 432.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 432.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 396.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 396.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 396.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 370.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 370.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 370.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 344.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 344.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 344.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 344.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 344.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 344.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 344.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 292.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 292.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 266.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 266.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 266.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 238.75 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 238.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 238.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 238.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 238.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 238.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 238.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 238.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 238.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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361.50 210.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 210.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 210.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 210.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 210.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 210.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 210.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 210.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 533.50 210.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 537.50 210.75 39.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 519.75 m 275.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 519.75 m 279.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 519.75 m 318.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 519.75 m 322.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 519.75 m 361.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 519.75 m 365.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 519.75 m 404.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 519.75 m 408.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 519.75 m 447.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 519.75 m 451.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 519.75 m 490.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 519.75 m 494.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 519.75 m 533.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.5 519.75 m 537.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 519.75 m 576.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 519.75 m 275.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 519.75 m 318.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 519.75 m 361.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 519.75 m 404.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 519.75 m 447.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 519.75 m 490.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 519.75 m 533.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 519.75 m 576.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 499.75 m 275.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 499.75 m 318.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 499.75 m 361.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 499.75 m 404.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 499.75 m 447.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 499.75 m 490.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 499.75 m 533.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 499.75 m 576.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 445.75 m 275.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 445.75 m 318.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 445.75 m 361.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 445.75 m 404.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 445.75 m 447.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 445.75 m 490.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 445.75 m 533.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 445.75 m 576.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 445.75 m 275.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 432.75 m 275.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 445.75 m 318.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 432.75 m 318.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 445.75 m 361.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 432.75 m 361.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 445.75 m 404.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 432.75 m 404.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 445.75 m 447.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 432.75 m 447.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 445.75 m 490.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 432.75 m 490.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 445.75 m 533.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 432.75 m 533.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 445.75 m 576.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 432.75 m 576.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 432.75 m 275.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 432.75 m 318.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 432.75 m 361.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 432.75 m 404.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 432.75 m 447.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 432.75 m 490.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 432.75 m 533.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 432.75 m 576.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 344.75 m 275.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 344.75 m 318.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 344.75 m 361.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 344.75 m 404.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 344.75 m 447.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 344.75 m 490.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 344.75 m 533.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 344.75 m 576.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 344.75 m 275.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 331.75 m 275.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 344.75 m 318.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 331.75 m 318.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 344.75 m 361.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 331.75 m 361.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 344.75 m 404.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 331.75 m 404.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 344.75 m 447.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 331.75 m 447.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 344.75 m 490.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 331.75 m 490.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 344.75 m 533.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 331.75 m 533.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 344.75 m 576.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 331.75 m 576.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 331.75 m 275.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 331.75 m 318.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 331.75 m 361.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 331.75 m 404.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 331.75 m 447.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 331.75 m 490.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 331.75 m 533.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 331.75 m 576.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 292.75 m 275.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 292.75 m 318.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 292.75 m 361.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 292.75 m 404.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 292.75 m 447.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 292.75 m 490.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 292.75 m 533.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 292.75 m 576.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 266.75 m 275.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 266.75 m 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 254.75 m 533.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 252.75 m 533.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 266.75 m 576.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 254.75 m 576.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 252.75 m 576.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 252.75 m 275.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 254.75 m 275.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 252.75 m 318.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 254.75 m 318.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 252.75 m 361.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 254.75 m 361.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 252.75 m 404.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 254.75 m 404.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 252.75 m 447.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 254.75 m 447.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 238.75 m 447.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 252.75 m 490.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 254.75 m 490.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 238.75 m 490.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 252.75 m 533.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 254.75 m 533.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 252.75 m 576.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 254.75 m 576.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 238.75 m 275.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 226.75 m 275.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 238.75 m 490.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 226.75 m 490.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 224.75 m 490.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 238.75 m 533.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 226.75 m 533.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 224.75 m 533.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 238.75 m 576.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 226.75 m 576.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 224.75 m 576.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 198.75 m 275.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 196.75 m 275.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 198.75 m 318.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 196.75 m 318.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 198.75 m 361.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 196.75 m 361.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 198.75 m 404.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 196.75 m 404.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 198.75 m 447.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 196.75 m 447.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 198.75 m 490.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 196.75 m 490.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 198.75 m 533.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 196.75 m 533.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 198.75 m 576.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 196.75 m 576.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 198.75 m 404.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 185.75 m 404.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 183.75 m 404.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 196.75 m 447.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 198.75 m 447.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 185.75 m 447.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 183.75 m 447.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 196.75 m 490.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 198.75 m 490.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 185.75 m 490.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 183.75 m 490.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 196.75 m 533.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 198.75 m 533.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 185.75 m 533.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 183.75 m 533.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 196.75 m 576.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 198.75 m 576.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 185.75 m 576.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.5 183.75 m 576.5 183.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.60 521.88 Td (Thr) Tj ET Q q 0 0 0 rg BT 382.86 521.88 Td (eeMonthsEnded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.05 511.88 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.90 511.88 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.05 511.88 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 511.88 Td (Mar) Tj ET Q q 0 0 0 rg BT 385.03 511.88 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.05 511.88 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.90 511.88 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.05 511.88 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 511.88 Td (Mar) Tj ET Q q 0 0 0 rg BT 557.03 511.88 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.50 501.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 501.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.50 501.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 501.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 501.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.50 501.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.50 501.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.50 501.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.65 487.88 Td (\(inthousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 476.00 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 476.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 476.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 463.00 Td (T) Tj ET Q q 0 0 0 rg BT 49.75 463.00 Td (ransaction revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 463.00 Td (78,679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 463.00 Td (77,526) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 463.00 Td (77,203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 463.00 Td (70,432) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 463.00 Td (69,960) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 463.00 Td (70,306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 463.00 Td (61,841) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.00 463.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.25 463.00 Td (57,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 450.00 Td (Forecasts, consulting, and other revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 450.00 Td (4,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.25 450.00 Td (4,914) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 450.00 Td (4,616) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 450.00 Td (5,325) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 450.00 Td (4,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 450.00 Td (4,833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.25 450.00 Td (4,586) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 450.00 Td (4,451) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 437.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.61 437.00 Td (otal revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 437.00 Td (83,133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 437.00 Td (82,440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 437.00 Td (81,819) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 437.00 Td (75,757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 437.00 Td (74,081) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 437.00 Td (75,139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 437.00 Td (66,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.25 437.00 Td (61,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 422.00 Td (Costs and operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 422.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 422.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 409.00 Td (Cost of revenue \(exclusive of depreciation and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 401.00 Td (amortization presented separately below\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 401.00 Td (7,617) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.25 401.00 Td (7,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 401.00 Td (7,130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 401.00 Td (6,392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 401.00 Td (6,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 401.00 Td (6,320) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.25 401.00 Td (6,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 401.00 Td (6,225) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 388.00 Td (Sales and marketing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 388.00 Td (47,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 388.00 Td (48,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 388.00 Td (46,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 388.00 Td (42,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 388.00 Td (41,609) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 388.00 Td (42,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 388.00 Td (38,129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.25 388.00 Td (32,1) Tj ET Q q 0 0 0 rg BT 565.25 388.00 Td (1) Tj ET Q q 0 0 0 rg BT 569.25 388.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 375.00 Td (T) Tj ET Q q 0 0 0 rg BT 49.61 375.00 Td (echnology and development) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 375.00 Td (15,953) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 375.00 Td (15,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 375.00 Td (14,131) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 375.00 Td (13,629) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 375.00 Td (13,265) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 375.00 Td (13,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 375.00 Td (14,022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.25 375.00 Td (13,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 362.00 Td (General and administrative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 362.00 Td (17,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 362.00 Td (14,993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 362.00 Td (15,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 362.00 Td (13,628) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 362.00 Td (14,649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 362.00 Td (13,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 362.00 Td (15,998) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.25 362.00 Td (15,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 349.00 Td (Depreciation and amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 349.00 Td (4,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.25 349.00 Td (5,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 349.00 Td (5,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 349.00 Td (6,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 349.00 Td (5,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 349.00 Td (6,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.25 349.00 Td (5,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 349.00 Td (5,904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 336.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.33 336.00 Td (otal costs and expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 336.00 Td (94,036) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.25 336.00 Td (91,586) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 336.00 Td (89,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 336.00 Td (81,915) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 336.00 Td (81,318) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 336.00 Td (81,830) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 336.00 Td (80,382) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.25 336.00 Td (72,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 323.00 Td (Loss from operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.60 323.00 Td (\(10,903) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.60 323.00 Td (\(9,146) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.60 323.00 Td (\(7,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.60 323.00 Td (\(6,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.60 323.00 Td (\(7,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 323.00 Td (\(6,691) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.60 323.00 Td (\(13,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.60 323.05 Td (\(1) Tj ET Q q 0 0 0 rg BT 555.26 323.05 Td (1,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 310.00 Td (Interest income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.25 310.00 Td (476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.25 310.00 Td (402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 310.00 Td (249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.25 310.00 Td (133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.25 310.00 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.25 310.00 Td (91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.25 310.00 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.25 310.00 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 297.00 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.60 297.00 Td (\(655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.60 297.00 Td (\(654) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.60 297.00 Td (\(652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.60 297.00 Td (\(649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.60 297.00 Td (\(645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 297.00 Td (\(645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.60 297.00 Td (\(632) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.60 297.05 Td (\(608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 297.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 284.00 Td (Loss before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.60 284.00 Td (\(1) Tj ET Q q 0 0 0 rg BT 254.26 284.00 Td (1,082) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.60 284.00 Td (\(9,398) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.60 284.00 Td (\(7,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.60 284.00 Td (\(6,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.60 284.00 Td (\(7,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 284.00 Td (\(7,245) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.60 284.00 Td (\(14,485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.60 284.05 Td (\(1) Tj ET Q q 0 0 0 rg BT 555.26 284.05 Td (1,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 284.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 271.00 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.60 271.00 Td (\(2,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 271.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.25 271.00 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 271.00 Td (201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.25 271.00 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.25 271.00 Td (158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 271.00 Td (191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.25 271.00 Td (170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 561.25 271.00 Td (136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 258.00 Td (Net loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.60 258.00 Td (\(8,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.60 258.00 Td (\(9,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.60 258.00 Td (\(8,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.60 258.00 Td (\(6,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.60 258.00 Td (\(7,950) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 258.00 Td (\(7,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.60 258.00 Td (\(14,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.00 258.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.60 258.05 Td (\(1) Tj ET Q q 0 0 0 rg BT 555.26 258.05 Td (1,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 258.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 243.00 Td (Net loss per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 243.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 230.00 Td (Basic and diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.60 230.00 Td (\(0.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.60 230.00 Td (\(0.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.60 230.00 Td (\(0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.60 230.00 Td (\(0.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.60 230.00 Td (\(0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.60 230.00 Td (\(0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.60 230.00 Td (\(0.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 230.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.00 230.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.60 230.05 Td (\(0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 230.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 214.98 Td (Other) Tj ET Q q 0 0 0 rg BT 59.29 214.98 Td ( Financial Information \(2\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 215.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 202.00 Td (Adjusted EBITDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 202.00 Td (7,459) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.25 202.00 Td (8,018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 202.00 Td (7,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 202.00 Td (6,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.25 202.00 Td (5,766) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 202.00 Td (5,791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.25 202.00 Td (2,430) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.00 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 202.00 Td (1,052) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 189.00 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 76.93 189.00 Td ( net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 189.00 Td (4,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.25 189.00 Td (1,880) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.25 189.00 Td (1,085) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.60 189.00 Td (\(671) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.30 189.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.60 189.00 Td (\(485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.30 189.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 189.00 Td (\(989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 189.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.60 189.00 Td (\(4,138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.30 189.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.00 189.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.60 189.05 Td (\(5,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 189.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.00 185.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 171.75 m 242.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 169.75 m 242.5 169.75 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 157.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 157.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 157.25 Td (e issued full credits of the amount originally invoiced with respect to 5,51) Tj ET Q q 0 0 0 rg BT 357.48 157.25 Td (1, 5,048, 5,571, 5,705, 5,736, 4,547, 4,546, and 4,192, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 145.25 Td (units during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.08 145.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.67 145.25 Td (, September 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.93 145.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.93 145.25 Td (, June 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.76 145.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.76 145.25 Td (, March 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.36 145.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.36 145.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.36 145.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 133.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 133.25 Td (, September 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.26 133.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.26 133.25 Td (, June 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.09 133.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.09 133.25 Td (, and March 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.63 133.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.63 133.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 358.29 133.25 Td (. ) Tj ET Q q 0 0 0 rg BT 363.11 133.25 Td (The number of units has not been adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 121.25 Td (downwards related to units credited.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 103.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 103.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 128.72 103.25 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 195.56 103.25 Td ( net income \(loss\) are not measures of our financial performance under GAAP) Tj ET Q q 0 0 0 rg BT 508.41 103.25 Td ( and should not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 91.25 Td (be considered as alternatives to net income, operating income or any other measures derived in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 529.94 91.25 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 79.25 Td (definitions of ) Tj ET Q q 0 0 0 rg BT 109.55 79.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 184.27 79.25 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 251.11 79.25 Td ( net income \(loss\) and a reconciliation of net loss to ) Tj ET Q q 0 0 0 rg BT 459.67 79.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 534.39 79.25 Td ( and Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 67.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 80.86 67.25 Td ( net income \(loss\), see Non-GAAP) Tj ET Q q 0 0 0 rg BT 224.34 67.25 Td ( Financial Measures.) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (The following table presents a reconciliation of net loss to ) Tj ET Q q 0 0 0 rg BT 306.38 749.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 381.10 749.10 Td ( for each of the periods presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 694.60 112.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 694.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 694.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 660.60 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 660.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 632.60 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 632.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 632.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 598.60 112.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 598.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 598.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 564.60 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 564.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 538.60 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 538.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 504.60 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 504.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 504.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 504.60 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 728.6 m 198.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 728.6 m 202.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 728.6 m 252.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 728.6 m 256.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 728.6 m 306.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 728.6 m 310.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 728.6 m 360.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 728.6 m 364.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 728.6 m 414.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 728.6 m 418.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 728.6 m 468.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 728.6 m 472.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 728.6 m 522.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 728.6 m 526.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 728.6 m 576.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 728.6 m 198.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 728.6 m 252.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 728.6 m 306.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 728.6 m 360.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 728.6 m 414.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 728.6 m 468.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 728.6 m 522.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 728.6 m 576.5 728.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 708.6 m 198.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 708.6 m 252.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 708.6 m 306.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 708.6 m 360.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 708.6 m 414.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 708.6 m 468.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 708.6 m 522.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 708.6 m 576.5 708.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 504.6 m 198.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 504.6 m 252.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 504.6 m 306.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 504.6 m 360.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 504.6 m 414.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 504.6 m 468.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 504.6 m 522.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 504.6 m 576.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 504.6 m 198.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 492.6 m 198.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 490.6 m 198.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 504.6 m 252.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 492.6 m 252.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 490.6 m 252.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 504.6 m 306.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 492.6 m 306.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 490.6 m 306.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 504.6 m 360.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 492.6 m 360.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 490.6 m 360.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 504.6 m 414.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 492.6 m 414.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 490.6 m 414.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 504.6 m 468.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 492.6 m 468.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 490.6 m 468.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 504.6 m 522.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 492.6 m 522.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 490.6 m 522.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 504.6 m 576.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 492.6 m 576.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 490.6 m 576.5 490.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 730.73 Td (Thr) Tj ET Q q 0 0 0 rg BT 338.86 730.73 Td (eeMonthsEnded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.55 720.73 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.40 720.73 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.55 720.73 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.80 720.73 Td (Mar) Tj ET Q q 0 0 0 rg BT 335.53 720.73 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.55 720.73 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.40 720.73 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.55 720.73 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 720.73 Td (Mar) Tj ET Q q 0 0 0 rg BT 551.53 720.73 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.00 710.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 710.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.00 710.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 710.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 710.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 710.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.00 710.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.00 710.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.65 696.73 Td (\(inthousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 685.83 Td (Reconciliation of Net Loss to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 677.83 Td (Adjusted EBITDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 664.85 Td (Net loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.60 664.85 Td (\(8,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.60 664.85 Td (\(9,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.60 664.85 Td (\(8,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.60 664.85 Td (\(6,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.60 664.85 Td (\(7,950) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 664.85 Td (\(7,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.60 664.85 Td (\(14,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 664.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.60 664.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 555.26 664.90 Td (1,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 664.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 649.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 77.07 649.85 Td ( ) Tj ET Q q 0 0 0 rg BT 78.71 649.85 Td (Adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 650.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 636.85 Td (Interest income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.60 636.85 Td (\(476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.60 636.85 Td (\(402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.60 636.85 Td (\(249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.60 636.85 Td (\(133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 636.85 Td (\(90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 636.85 Td (\(91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.60 636.85 Td (\(102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.60 636.90 Td (\(93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 636.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 623.85 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.30 623.85 Td (655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.30 623.85 Td (654) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 623.85 Td (652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.30 623.85 Td (649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 623.85 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 623.85 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.30 623.85 Td (632) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 561.30 623.85 Td (608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 610.85 Td (Depreciation and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 602.85 Td (amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 602.85 Td (4,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 602.85 Td (5,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 602.85 Td (5,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 602.85 Td (6,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.25 602.85 Td (5,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 602.85 Td (6,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 602.85 Td (5,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 602.85 Td (5,904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 581.85 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 581.85 Td (9,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 581.85 Td (9,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 581.85 Td (6,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 581.85 Td (5,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.25 581.85 Td (6,706) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 581.85 Td (6,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 581.85 Td (5,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 581.85 Td (5,892) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 568.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.23 568.85 Td (arrant expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 568.85 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 568.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.30 568.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 555.85 Td (Certain litigation costs \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 555.85 Td (3,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 555.85 Td (1,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 555.85 Td (2,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.30 555.85 Td (350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 555.85 Td (345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 555.85 Td (193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.30 555.85 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 561.30 555.85 Td (272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 542.85 Td (Severance char) Tj ET Q q 0 0 0 rg BT 99.56 542.85 Td (ges \(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 542.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 542.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 542.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.30 542.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 542.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 542.85 Td (1,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.30 542.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 529.85 Td (Lease exit char) Tj ET Q q 0 0 0 rg BT 99.34 529.85 Td (ges \(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 529.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 529.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 529.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.60 529.85 Td (\(133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 529.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 529.85 Td (381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 529.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 529.85 Td (2,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.30 529.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 516.85 Td (\(Benefit from\) / provision) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 508.85 Td (for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.60 508.85 Td (\(2,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 508.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.30 508.85 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.30 508.85 Td (201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.30 508.85 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 508.85 Td (158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 508.85 Td (191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.30 508.85 Td (170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 561.30 508.85 Td (136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 495.85 Td (AdjustedEBITDA) Tj ET Q q 0 0 0 rg BT 98.77 495.85 Td ( \(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 495.85 Td (7,459) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 495.85 Td (8,018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 495.85 Td (7,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 495.85 Td (6,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.25 495.85 Td (5,766) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 495.85 Td (5,791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 495.85 Td (2,430) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 495.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 495.85 Td (1,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.00 492.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 478.6 m 242.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 476.6 m 242.5 476.6 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 464.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 464.10 Td (The excluded amounts relate to legal costs incurred in connection with complaints filed by non-T) Tj ET Q q 0 0 0 rg BT 442.98 464.10 Td (rueCar dealers and the California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.10 Td (New Car Dealers ) Tj ET Q q 0 0 0 rg BT 124.81 452.10 Td (Association against ) Tj ET Q q 0 0 0 rg BT 205.17 452.10 Td (T) Tj ET Q q 0 0 0 rg BT 210.92 452.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 237.73 452.10 Td (, and securities and consumer class action lawsuits. ) Tj ET Q q 0 0 0 rg BT 444.72 452.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.36 452.10 Td (e believe the exclusion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td (these costs is appropriate to facilitate comparisons of our core operating performance on a period-to-period basis. Based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.10 Td (nature of the specific claims underlying the excluded litigation matters, once these matters are resolved, we do not believe our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.10 Td (operations are likely to entail defending against the types of claims raised by these matters. ) Tj ET Q q 0 0 0 rg BT 420.37 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.01 416.10 Td (e expect the cost of defending these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.10 Td (claims to continue to be significant pending resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 382.10 Td (e incurred $1.3 million in severance costs in the second quarter of 2016 related to a reor) Tj ET Q q 0 0 0 rg BT 413.72 382.10 Td (ganization of our product and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.10 Td (technology teams to better align our resources with business objectives as we transition from multiple software platforms to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td (unified architecture. In addition, we incurred severance costs of $0.5 million for executive-level employees who terminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 346.10 Td (during the second quarter of 2016. ) Tj ET Q q 0 0 0 rg BT 194.06 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 202.70 346.10 Td (e believe excluding the impact of these terminations is consistent with our use of ) Tj ET Q q 0 0 0 rg BT 527.62 346.10 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 90.11 334.10 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 156.95 334.10 Td ( net income \(loss\) as we do not believe they are a useful indicator of ongoing operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 312.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 312.10 Td (Represents the updates to the initial estimate of lease termination costs associated with the consolidation of the Company) Tj ET Q q 0 0 0 rg BT 541.38 312.10 Td (s of) Tj ET Q q 0 0 0 rg BT 555.92 312.10 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 300.10 Td (locations in Santa Monica, California in December 2015. ) Tj ET Q q 0 0 0 rg BT 284.87 300.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.51 300.10 Td (e believe that their exclusion is appropriate to facilitate period-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 288.10 Td (period operating performance comparisons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 266.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 266.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 128.72 266.10 Td ( is not a measure of our financial performance under GAAP) Tj ET Q q 0 0 0 rg BT 367.71 266.10 Td ( and should not be considered as an alternative to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 254.10 Td (net income, operating income or any other measures derived in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 402.49 254.10 Td (. Fora definition of ) Tj ET Q q 0 0 0 rg BT 482.48 254.10 Td (Adjusted EBITDA, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 242.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 105.85 242.10 Td ( Financial Measures.) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (The following table presents a reconciliation of net loss to Non-GAAP) Tj ET Q q 0 0 0 rg BT 318.34 749.10 Td ( net income \(loss\) for each of the periods presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 689.60 112.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 689.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 689.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 655.60 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 655.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 619.60 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 593.60 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 567.60 112.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 567.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 567.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 567.60 50.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 722.6 m 198.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 722.6 m 202.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 722.6 m 252.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 722.6 m 256.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 722.6 m 306.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 722.6 m 310.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 722.6 m 360.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 722.6 m 364.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 722.6 m 414.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 722.6 m 418.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 722.6 m 468.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 722.6 m 472.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 722.6 m 522.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 722.6 m 526.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 722.6 m 576.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 722.6 m 198.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 722.6 m 252.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 722.6 m 306.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 722.6 m 360.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 722.6 m 414.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 722.6 m 468.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 722.6 m 522.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 722.6 m 576.5 722.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 702.6 m 198.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 702.6 m 252.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 702.6 m 306.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 702.6 m 360.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 702.6 m 414.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 702.6 m 468.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 702.6 m 522.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 702.6 m 576.5 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 567.6 m 306.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 567.6 m 360.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 567.6 m 414.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 567.6 m 468.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 567.6 m 522.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 567.6 m 576.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 567.6 m 198.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 547.6 m 198.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 545.6 m 198.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 567.6 m 252.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 547.6 m 252.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 545.6 m 252.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 567.6 m 306.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 547.6 m 306.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 545.6 m 306.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 567.6 m 360.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 547.6 m 360.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 545.6 m 360.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 567.6 m 414.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 547.6 m 414.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 545.6 m 414.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 567.6 m 468.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 547.6 m 468.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 545.6 m 468.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 567.6 m 522.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 547.6 m 522.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 545.6 m 522.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 567.6 m 576.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 547.6 m 576.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 545.6 m 576.5 545.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 724.73 Td (Thr) Tj ET Q q 0 0 0 rg BT 338.86 724.73 Td (eeMonthsEnded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.55 714.73 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.40 714.73 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.55 714.73 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.80 714.73 Td (Mar) Tj ET Q q 0 0 0 rg BT 335.53 714.73 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.55 714.73 Td (Dec.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.40 714.73 Td (Sept.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.55 714.73 Td (Jun.30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 714.73 Td (Mar) Tj ET Q q 0 0 0 rg BT 551.53 714.73 Td (.31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.00 704.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 704.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.00 704.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 704.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 704.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 704.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.00 704.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.00 704.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.65 690.73 Td (\(inthousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 680.83 Td (Reconciliation of Net Loss to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 672.83 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 78.11 672.83 Td ( Net Income \(Loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 672.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 659.85 Td (Net loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.60 659.85 Td (\(8,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.60 659.85 Td (\(9,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.60 659.85 Td (\(8,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.60 659.85 Td (\(6,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.60 659.85 Td (\(7,950) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 659.85 Td (\(7,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.60 659.85 Td (\(14,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 659.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.60 659.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 555.26 659.90 Td (1,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 659.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 644.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 77.07 644.85 Td ( ) Tj ET Q q 0 0 0 rg BT 78.71 644.85 Td (Adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 645.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 623.85 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 623.85 Td (9,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 623.85 Td (9,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 623.85 Td (6,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 623.85 Td (5,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.25 623.85 Td (6,706) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 623.85 Td (6,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 623.85 Td (5,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.25 623.85 Td (5,892) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 610.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.23 610.85 Td (arrant expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 610.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 610.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 610.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.30 610.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 610.85 Td (33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 610.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.30 610.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.30 610.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 597.85 Td (Certain litigation costs \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 597.85 Td (3,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 597.85 Td (1,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 597.85 Td (2,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.30 597.85 Td (350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 597.85 Td (345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 597.85 Td (193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.30 597.85 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 561.30 597.85 Td (272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 584.85 Td (Severance char) Tj ET Q q 0 0 0 rg BT 99.56 584.85 Td (ges \(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 584.85 Td (1,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.30 584.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.00 571.85 Td (Lease exit char) Tj ET Q q 0 0 0 rg BT 99.27 571.85 Td (ges \(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.60 571.85 Td (\(133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 571.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 571.85 Td (381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.25 571.85 Td (2,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.30 571.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 558.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 76.93 558.85 Td ( net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 550.85 Td (\(4\) \(5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 550.85 Td (4,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.25 550.85 Td (1,880) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 550.85 Td (1,085) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.60 550.85 Td (\(671) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 550.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 550.85 Td (\(485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 550.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 550.85 Td (\(989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 550.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.60 550.85 Td (\(4,138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 550.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 550.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.60 550.90 Td (\(5,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 573.30 550.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 533.6 m 242.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 531.6 m 242.5 531.6 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 519.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 519.10 Td (The excluded amounts relate to legal costs incurred in connection with complaints filed by non-T) Tj ET Q q 0 0 0 rg BT 442.98 519.10 Td (rueCar dealers and the California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 507.10 Td (New Car Dealers ) Tj ET Q q 0 0 0 rg BT 124.81 507.10 Td (Association against ) Tj ET Q q 0 0 0 rg BT 205.17 507.10 Td (T) Tj ET Q q 0 0 0 rg BT 210.92 507.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 237.73 507.10 Td (, and securities and consumer class action lawsuits. ) Tj ET Q q 0 0 0 rg BT 444.72 507.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.36 507.10 Td (e believe the exclusion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 495.10 Td (these costs is appropriate to facilitate comparisons of our core operating performance on a period-to-period basis. Based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 483.10 Td (nature of the specific claims underlying the excluded litigation matters, once these matters are resolved, we do not believe our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 471.10 Td (operations are likely to entail defending against the types of claims raised by these matters. ) Tj ET Q q 0 0 0 rg BT 420.37 471.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.01 471.10 Td (e expect the cost of defending these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 459.10 Td (claims to continue to be significant pending resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 437.10 Td (e incurred $1.3 million in severance costs in the second quarter of 2016 related to a reor) Tj ET Q q 0 0 0 rg BT 413.72 437.10 Td (ganization of our product and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td (technology teams to better align our resources with business objectives as we transition from multiple software platforms to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td (unified architecture. In addition, we incurred severance costs of $0.5 million related to an executive who terminated during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (second quarter of 2016. ) Tj ET Q q 0 0 0 rg BT 150.73 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 159.37 401.10 Td (e believe excluding the impact of these terminations is consistent with our use of ) Tj ET Q q 0 0 0 rg BT 484.29 401.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 559.01 401.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 101.41 389.10 Td ( net income \(loss\) as we do not believe they are a useful indicator of ongoing operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 367.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 367.10 Td (Represents the updates to the initial estimate of lease termination costs associated with the consolidation of the Company) Tj ET Q q 0 0 0 rg BT 541.38 367.10 Td (s of) Tj ET Q q 0 0 0 rg BT 555.92 367.10 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 355.10 Td (locations in Santa Monica, California in December 2015. ) Tj ET Q q 0 0 0 rg BT 284.87 355.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.51 355.10 Td (e believe that their exclusion is appropriate to facilitate period-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 343.10 Td (period operating performance comparisons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 321.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 321.10 Td (There is no income tax impact related to the adjustments made to calculate Non-GAAP) Tj ET Q q 0 0 0 rg BT 402.69 321.10 Td ( net income \(loss\) becauseof our available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 309.10 Td (net operating loss carryforwards and the full valuation allowance recorded against our net deferred tax assets at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 297.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 297.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.44 297.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.44 297.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 275.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 101.41 275.10 Td ( net income \(loss\) is not a measure of our financial performance under GAAP) Tj ET Q q 0 0 0 rg BT 411.77 275.10 Td ( and should not be considered as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.10 Td (alternative to net loss or any other measures derived in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 368.90 263.10 Td (. Fora definition of Non-GAAP) Tj ET Q q 0 0 0 rg BT 496.85 263.10 Td ( net income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 251.10 Td (see Non-GAAP) Tj ET Q q 0 0 0 rg BT 121.11 251.10 Td ( Financial Measures.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 36.00 227.10 Td (LiquidityandCapitalResour) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.68 227.10 Td (ces) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 99.00 215.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 203.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 203.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 203.10 Td (, our principal sources of liquidity were cash and cash equivalents totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.17 203.10 Td ($197.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.06 203.10 Td (. Since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.10 Td (inception, our operations have been financed primarily by net proceeds from the sales of shares of our capital stock and proceeds from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 179.10 Td (the issuance of indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 167.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 155.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 155.10 Td (e have incurred cumulative losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.92 155.10 Td ($351.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.81 155.10 Td ( from our operations through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.84 155.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.43 155.10 Td (, and expect to incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 143.10 Td (additional losses in the future. ) Tj ET Q q 0 0 0 rg BT 158.57 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 167.21 143.10 Td (e believe that our existing sources of liquidity will be suf) Tj ET Q q 0 0 0 rg BT 394.76 143.10 Td (ficient to fund our operations for at least the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 131.10 Td (next 12 months. However) Tj ET Q q 0 0 0 rg BT 138.92 131.10 Td (, our future capital requirements will depend on many factors, including our rate of revenue growth, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 119.10 Td (expansion of our sales and marketing activities, and the timing and extent of our spending to support our technology and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 107.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 107.10 Td (forts. ) Tj ET Q q 0 0 0 rg BT 66.74 107.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.15 107.10 Td (o the extent that existing cash and cash equivalents, and cash from operations are insuf) Tj ET Q q 0 0 0 rg BT 418.80 107.10 Td (ficient to fund our future activities, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 95.10 Td (may need to raise additional funds through public or private equity or debt financing. ) Tj ET Q q 0 0 0 rg BT 378.41 95.10 Td (Additional funds may not be available on terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.10 Td (favorable to us or at all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 71.10 Td () Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (54) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (On February 18, 2015, we amended our credit facility to provide advances of up to $35.0 million. ) Tj ET Q q 0 0 0 rg BT 464.78 725.25 Td (This amended credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (facility provides a $10.0 million subfacility for the issuance of letters of credit and contains an increase option permitting us, subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (the lenders consent, to increase the revolving credit facility by up to $15.0 million, to an aggregate maximum of $50 million. ) Tj ET Q q 0 0 0 rg BT 537.64 701.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (credit facility has a three-year term and matures on February 18, 2018. No amounts were outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.81 689.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.40 689.25 Td (. ) Tj ET Q q 0 0 0 rg BT 536.21 689.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (amount available under the amended credit facility at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.46 677.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.05 677.25 Td ( was $31.0 million, reduced for the letters of credit issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (and outstanding under the subfacility of $4.0 million. In February 2018, we entered into an amendment to extend the maturity date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (our credit facility for another three years to expire on February 18, 2021. See Note 5 of our consolidated financial statements herein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (for more information about our amended credit facility) Tj ET Q q 0 0 0 rg BT 254.99 641.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 629.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Cash Flows) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 605.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 593.25 Td (The following table summarizes our cash flows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 581.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 536.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 536.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 536.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 536.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 536.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 536.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 512.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 512.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 512.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 512.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 512.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 512.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 488.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 488.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 488.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 488.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 488.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 488.75 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 560.75 m 438.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 560.75 m 442.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 560.75 m 507.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 560.75 m 511.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 560.75 m 576.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 560.75 m 438.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 550.75 m 438.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 560.75 m 507.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 550.75 m 507.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 560.75 m 576.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 550.75 m 576.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 488.75 m 438.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 488.75 m 507.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 488.75 m 576.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 488.75 m 438.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 477.75 m 438.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 475.75 m 438.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 488.75 m 507.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 477.75 m 507.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 475.75 m 507.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 488.75 m 576.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 477.75 m 576.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 475.75 m 576.5 475.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 562.88 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 562.88 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 562.88 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 506.85 562.88 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 552.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 552.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 552.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.15 538.88 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 527.48 Td (Consolidated Cash Flow Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 515.37 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 515.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 515.37 Td (22,1) Tj ET Q q 0 0 0 rg BT 424.65 515.37 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 515.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 515.37 Td (2,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 515.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 515.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 550.13 515.37 Td (1,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 515.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 503.37 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 503.37 Td (\(19,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 503.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 503.37 Td (\(16,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 503.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 503.37 Td (\(29,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 503.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 491.37 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 491.37 Td (87,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 491.37 Td (9,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 491.37 Td (6,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 479.37 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 479.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 479.37 Td (90,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 479.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 479.37 Td (\(4,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 479.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 479.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 479.37 Td (\(35,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 479.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 465.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 453.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 79.80 453.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 441.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 429.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 429.25 Td (Our net loss and cash flows used in operating activities are significantly influenced by our investments in headcount and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 417.25 Td (infrastructure to support our growth, and marketing and advertising expenses. Our net loss has been significantly greater than cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 405.25 Td (used in or provided by operating activities due to the inclusion of non-cash expenses and char) Tj ET Q q 0 0 0 rg BT 410.44 405.25 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 393.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 381.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 381.25 Td (Cash provided by operating activities in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.19 381.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.19 381.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.74 381.25 Td ($22.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.63 381.25 Td (. ) Tj ET Q q 0 0 0 rg BT 333.45 381.25 Td (This was primarily due to our net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 381.25 Td ($32.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.04 381.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 369.25 Td (which, adjusted for non-cash items, including stock-based compensation expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.25 369.25 Td ($32.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.14 369.25 Td (, depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 357.25 Td (expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.54 357.25 Td ($22.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.43 357.25 Td (, deferred income tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.98 357.25 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.87 357.25 Td ( and bad debt expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 357.25 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.39 357.25 Td (, resulted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.83 357.25 Td ($21.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.72 357.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 345.25 Td (in cash from operations. Cash from operating activities was also af) Tj ET Q q 0 0 0 rg BT 302.69 345.25 Td (fected by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.05 345.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.94 345.25 Td ( increase from changes in operating assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 333.25 Td (and liabilities, which primarily reflected an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.30 333.25 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.19 333.25 Td ( in accounts payable primarily due to increased marketing fees, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 321.25 Td (increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.08 321.25 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.98 321.25 Td ( in other liabilities, a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.70 321.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.59 321.25 Td ( in other current assets, and a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.18 321.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.08 321.25 Td ( in prepaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 309.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 76.92 309.25 Td (These were partially of) Tj ET Q q 0 0 0 rg BT 169.19 309.25 Td (fset by an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 309.25 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.55 309.25 Td ( in accounts receivable primarily related to increased revenues, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 297.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.94 297.25 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 297.25 Td ( decrease in accrued employee expenses primarily due to a decrease in accrued bonus. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 273.25 Td (Cash provided by operating activities in2016was$2.8 million. ) Tj ET Q q 0 0 0 rg BT 328.45 273.25 Td (This was primarily due to our net loss of$41.7 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 261.25 Td (which, adjusted for non-cash items, including stock-based compensation expense of$24.7 million, depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 249.25 Td (expense of$23.2 million, bad debt expense of $1.3 million, and other non-cash adjustments of $1.5 million, resulted in$9.0 millionin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 237.25 Td (cash from operations. ) Tj ET Q q 0 0 0 rg BT 124.68 237.25 Td (This was of) Tj ET Q q 0 0 0 rg BT 171.16 237.25 Td (fset by a decrease of$6.2 millionin changes to operating assets and liabilities, which primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 225.25 Td (reflected a decrease of$4.6 millionin accounts payable primarily due to decreased af) Tj ET Q q 0 0 0 rg BT 377.33 225.25 Td (finity group marketing fees, an increase of$4.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 213.25 Td (millionin accounts receivable primarily related to increased revenues, and an increase of $1.5 million in other current assets and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 201.25 Td (assets due to increased legal insurance recoveries and increased lease deposits. ) Tj ET Q q 0 0 0 rg BT 352.91 201.25 Td (These were partially of) Tj ET Q q 0 0 0 rg BT 445.18 201.25 Td (fset by a $1.5 million increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 189.25 Td (accrued expenses and other current liabilities, a $1.5 million increase in other liabilities, and a$1.2 millionincrease in accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 177.25 Td (employee expenses primarily due to increased accrued bonus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 153.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 153.25 Td (Cash used in operating activities in2015was$1) Tj ET Q q 0 0 0 rg BT 264.93 153.25 Td (1.4 million. ) Tj ET Q q 0 0 0 rg BT 313.64 153.25 Td (This was primarily due to our net loss of$64.9 million, which, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 141.25 Td (adjusted for non-cash items, including depreciation and amortization expense of$17.3 million, stock-based compensation expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 129.25 Td (of$42.6 million, and loss on disposal of fixed assets of$1.6 million, resulted in$2.7 millionin cash used in operations. ) Tj ET Q q 0 0 0 rg BT 516.88 129.25 Td (This use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 117.25 Td (cash was also due to$8.6 millionin changes to operating assets and liabilities, which primarily reflected a decrease of$6.5 millionin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 105.25 Td (accrued employee expenses primarily related to lower accrued bonuses, an increase of$5.9 millionin accounts receivable primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 93.25 Td (related to increased revenues, a decrease of$1.8 millionin accrued expenses and other current liabilities primarily due to decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 81.25 Td (marketing fees. ) Tj ET Q q 0 0 0 rg BT 99.96 81.25 Td (These were partially of) Tj ET Q q 0 0 0 rg BT 192.24 81.25 Td (fset by a$5.3 millionincrease in accounts payable primarily due to increased af) Tj ET Q q 0 0 0 rg BT 511.39 81.25 Td (finity group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 69.25 Td (marketing fees and growth in our business and a decrease of$1.1 millionin other current assets primarily due to a decrease in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 57.25 Td (receivable from a legal settlement in our favor) Tj ET Q q 0 0 0 rg BT 220.64 57.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 45.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 45.25 Td () Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (55) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Investing ) Tj ET Q q 0 0 0 rg BT 76.47 749.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (Our investing activities consist primarily of capital expenditures for capitalized software development costs and property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 689.25 Td (Cash used in investing activities of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.20 689.25 Td ($19.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.09 689.25 Td (for 2017resulted primarily from $13.5 million of investments in software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td ($3.9 million of investments in furniture, leasehold, and facility improvements, and $2.4 million of investment in computer hardware.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (Cash used in investing activities of$16.6 millionfor 2016resulted primarily from $1) Tj ET Q q 0 0 0 rg BT 412.69 653.25 Td (1.5 million of investments in software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ($3.8 million of investments in furniture, leasehold, and facility improvements, and $1.3 million of investment in computer hardware.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 617.25 Td (Cash used in investing activities of$29.8 millionfor 2015resulted primarily from $13.8 million of investments in software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td ($12.7 million of investments in furniture, leasehold, and facility improvements primarily associated with our San Francisco and Santa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (Monica of) Tj ET Q q 0 0 0 rg BT 77.20 593.25 Td (fice spaces, and $3.3 million of investment in computer hardware.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 581.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 81.48 569.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 557.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 545.25 Td (Cash provided by financing activities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.74 545.25 Td ($87.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.63 545.25 Td ( for 2017 primarily reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.43 545.25 Td ($70.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.32 545.25 Td ( of proceeds from the exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (of stock options, net of taxes paid for the net share settlement of certain equity awards, and $17.4 millionof proceeds from our public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 521.25 Td (fering of common stock that closed in May 2017, net of underwriting discounts and commissions and of) Tj ET Q q 0 0 0 rg BT 460.84 521.25 Td (fering costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 497.25 Td (Cash provided by financing activities of$9.2 millionfor 2016 primarily reflects$7.8 millionof proceeds from the exercise of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (stock options, net of taxes paid for the net share settlement of certain equity awards, and a$1.5 milliontenant improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (reimbursement related to our Santa Monica capitalized facility lease, partially of) Tj ET Q q 0 0 0 rg BT 357.64 473.25 Td (fset by $0.1 million paid for the repurchase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (common stock option awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 437.25 Td (Cash provided by financing activities of $6.0 million for 2015 primarily reflects $5.4 million of proceeds from the exercise of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (stock options, net of taxes paid for the net share settlement of certain equity awards, and a $0.6 million tenant improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (reimbursement related to a build-to-suit capitalized lease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Contractual Obligations and Known Futur) Tj ET Q q 0 0 0 rg BT 219.18 377.25 Td (e Cash Requir) Tj ET Q q 0 0 0 rg BT 280.12 377.25 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 365.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 341.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 329.25 Td (Set forth below is information concerning our known contractual obligations at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.09 329.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.68 329.25 Td ( that are fixed and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (determinable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 305.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 260.75 199.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 260.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 260.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 260.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 260.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 260.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 260.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 260.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 260.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 260.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 236.75 199.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 236.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 236.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 236.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 236.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 236.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 236.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 236.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 236.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 236.75 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 273.75 m 300.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 273.75 m 369.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 273.75 m 438.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 273.75 m 507.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 273.75 m 576.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 236.75 m 300.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 225.75 m 300.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 223.75 m 300.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 236.75 m 369.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 225.75 m 369.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 223.75 m 369.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 236.75 m 438.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 225.75 m 438.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 223.75 m 438.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 236.75 m 507.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 225.75 m 507.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 223.75 m 507.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 236.75 m 576.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 225.75 m 576.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 223.75 m 576.5 223.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 278.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.75 277.98 Td (T) Tj ET Q q 0 0 0 rg BT 263.72 277.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.85 285.98 Td ( Less ) Tj ET Q q 0 0 0 rg BT 336.89 285.98 Td (Than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.70 277.98 Td (1) Tj ET Q q 0 0 0 rg BT 331.55 277.98 Td (Y) Tj ET Q q 0 0 0 rg BT 336.74 277.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.75 277.98 Td (1-3) Tj ET Q q 0 0 0 rg BT 404.27 277.98 Td (Y) Tj ET Q q 0 0 0 rg BT 409.45 277.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.75 277.98 Td (3-5) Tj ET Q q 0 0 0 rg BT 473.27 277.98 Td (Y) Tj ET Q q 0 0 0 rg BT 478.45 277.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 285.98 Td (Mor) Tj ET Q q 0 0 0 rg BT 539.23 285.98 Td (e ) Tj ET Q q 0 0 0 rg BT 544.64 285.98 Td (Than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.05 277.98 Td (5) Tj ET Q q 0 0 0 rg BT 536.90 277.98 Td (Y) Tj ET Q q 0 0 0 rg BT 542.09 277.98 Td (ears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 265.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.15 264.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 251.37 Td (Lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 251.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 251.37 Td (77,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 251.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 251.37 Td (9,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 251.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 251.37 Td (19,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 251.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 251.37 Td (15,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 251.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 251.37 Td (31,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 239.37 Td (Purchase obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 239.37 Td (5,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 239.37 Td (3,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 239.37 Td (2,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 239.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 239.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 227.37 Td (T) Tj ET Q q 0 0 0 rg BT 62.41 227.37 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 227.37 Td (82,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 227.37 Td (12,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 227.37 Td (22,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 227.37 Td (15,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 227.37 Td (31,733) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 213.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 201.25 Td (Our lease obligations consist of various leases for of) Tj ET Q q 0 0 0 rg BT 281.21 201.25 Td (fice space and have not been reduced by minimum non-cancelable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 189.25 Td (sublease rentals aggregating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.23 189.25 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.13 189.25 Td (. Purchase obligations include long-term agreements to purchase data information, software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 177.25 Td (related licenses and support services, and other obligations that are enforceable and legally binding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.13 177.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.72 177.25 Td (. Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 165.25 Td (obligations exclude agreements that are cancelable without penalty) Tj ET Q q 0 0 0 rg BT 303.30 165.25 Td (. Contingent obligations arising from unrecognized tax benefits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 153.25 Td (not included in the contractual obligations because it is expected that the unrecognized benefits would only result in an insignificant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 141.25 Td (amount of cash payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 129.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 117.25 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 115.43 117.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 105.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 93.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 93.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 93.25 Td (e do not engage in transactions that generate relationships with unconsolidated entities or financial partnerships, such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 81.25 Td (entities often referred to as structured finance or special purpose entities, as part of our ongoing business. ) Tj ET Q q 0 0 0 rg BT 458.37 81.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 507.71 81.25 Td (, our operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 69.25 Td (results, financial condition, and cash flows are not subject to of) Tj ET Q q 0 0 0 rg BT 288.53 69.25 Td (f-balance sheet risks.) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 70.71 749.25 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (Our consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 62.12 713.25 Td (. ) Tj ET Q q 0 0 0 rg BT 66.94 713.25 Td (The preparation of these consolidated financial statements requires us to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 516.34 713.25 Td (fect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (reported amounts of assets, liabilities, revenue, expenses and related disclosures. ) Tj ET Q q 0 0 0 rg BT 360.72 701.25 Td (W) Tj ET Q q 0 0 0 rg BT 369.36 701.25 Td (e evaluate our estimates and assumptions on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (ongoing basis. Our estimates are based on historical experience and various other assumptions on an ongoing basis and that we believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (to be reasonable under the circumstances. Our actual results could dif) Tj ET Q q 0 0 0 rg BT 313.77 677.25 Td (fer from these estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 665.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 653.25 Td (e believe that the assumptions and estimates associated with revenue recognition, sales allowances and allowances for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (doubtful accounts, the fair value of assets and liabilities assumed in business combinations, the recoverability of goodwill and long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (lived assets, valuation allowances with respect to deferred tax assets, the expensing and capitalization of software and website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (development costs, and the valuation and assumptions underlying stock-based compensation and other equity instruments have the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (greatest potential impact on our consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 302.68 605.25 Td (Therefore, we consider these to be our critical accounting policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (and estimates. For further information on all of our significant accounting policies, see Note 2 of our consolidated financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (included herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 569.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 545.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 533.25 Td (e recognize revenue when all of the following criteria have been met:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 509.25 Td (Persuasive evidence of an arrangement exists.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 488.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 488.25 Td (Delivery has occurred or services have been rendered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 467.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 467.25 Td (The fees are fixed or determinable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 446.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 446.25 Td (Collectability is reasonably assured. ) Tj ET Q q 0 0 0 rg BT 236.73 446.25 Td (W) Tj ET Q q 0 0 0 rg BT 245.37 446.25 Td (e assess collectability based primarily on the creditworthiness of the customer as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 434.25 Td (determined by credit checks and analysis, as well as the customer) Tj ET Q q 0 0 0 rg BT 352.23 434.25 Td () Tj ET Q q 0 0 0 rg BT 355.00 434.25 Td (s payment history) Tj ET Q q 0 0 0 rg BT 425.46 434.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.25 Td (Deferred revenue is recognized on the accompanying consolidated balance sheets when payments are received in advance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (us meeting all of the revenue recognition criteria described above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 389.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.74 377.25 Td (ransaction Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 365.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 353.25 Td (e recognize revenue for fee arrangements based on a per vehicle basis when the vehicle sale has occurred between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (automotive buying website program user and dealer) Tj ET Q q 0 0 0 rg BT 243.16 341.25 Td (. Under the contractual terms and conditions with our network of ) Tj ET Q q 0 0 0 rg BT 505.14 341.25 Td (T) Tj ET Q q 0 0 0 rg BT 510.89 341.25 Td (rueCar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (Certified Dealers, the dealer is required to pay us upon the sale of a vehicle to a user that has been provided to the dealer by us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (Revenue recognition is not contingent on verification or acceptance of the transaction by the dealer) Tj ET Q q 0 0 0 rg BT 431.96 317.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 305.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 293.25 Td (Upon a user deciding to proceed with the user) Tj ET Q q 0 0 0 rg BT 256.20 293.25 Td () Tj ET Q q 0 0 0 rg BT 258.98 293.25 Td (s vehicle purchase through us, the user provides his or her name, address, e-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (mail, and phone number during the process of obtaining a Guaranteed Savings Certificate, which gives us the identity and source of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 269.25 Td (rueCar lead provided to a specific dealer prior to an actual sale occurring. ) Tj ET Q q 0 0 0 rg BT 337.74 269.25 Td (After a sale occurs, we receive real-time information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (regarding the sale, including the identity of the purchaser) Tj ET Q q 0 0 0 rg BT 264.13 257.25 Td (, via the Dealer Management System, DMS, used by the dealer that made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (the sale. ) Tj ET Q q 0 0 0 rg BT 71.08 245.25 Td (T) Tj ET Q q 0 0 0 rg BT 76.49 245.25 Td (o the extent that a sale is not matched via comparison of user information we have to sale information provided by the DMS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (we also establish matches via one or more of the over 20 dif) Tj ET Q q 0 0 0 rg BT 276.30 233.25 Td (ferent data feeds provided to the Company by third party data aggregators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (loan and insurance files provided by our af) Tj ET Q q 0 0 0 rg BT 207.15 221.25 Td (finity group marketing partners and other publicly available sources. ) Tj ET Q q 0 0 0 rg BT 483.55 221.25 Td (This process often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (results in overlapping sales matches between theDMS and multiple data feeds, resulting in a high degree of certainty with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (our ability to identify user leads that we provide to the dealers. ) Tj ET Q q 0 0 0 rg BT 288.80 197.25 Td (This data is also used to invoice dealers shortly after the completion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (the sales transactions. ) Tj ET Q q 0 0 0 rg BT 124.87 185.25 Td (As a result of the various data sources available to us, it is unusual for us to have dif) Tj ET Q q 0 0 0 rg BT 461.00 185.25 Td (ficulty in reconciling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (introductions provided to our network of dealers to actual vehicle sales under our platform.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 161.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.25 Td (Revenue is recognized net of estimated sales allowances. ) Tj ET Q q 0 0 0 rg BT 302.57 149.25 Td (W) Tj ET Q q 0 0 0 rg BT 311.20 149.25 Td (e establish sales allowances at the time of revenue recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (based on our history of adjustments and credits provided to our ) Tj ET Q q 0 0 0 rg BT 291.05 137.25 Td (T) Tj ET Q q 0 0 0 rg BT 296.81 137.25 Td (rueCar Certified Dealers. Sales allowances relate primarily to credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (issued where a dealer claims that an introduction was previously identified by the dealer from a source other than us. ) Tj ET Q q 0 0 0 rg BT 505.39 125.25 Td (While the dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (is contractually obligated to pay the invoice, we may issue a credit against the invoice to maintain overall dealer relations. In assessing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (the adequacy of the sales allowance, we evaluate our history of adjustments and credits made through the date of the issuance of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (financial statements. ) Tj ET Q q 0 0 0 rg BT 120.51 89.25 Td (While estimated sales adjustments and credits and ultimate losses may vary from actual results, and could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (material to the financial statements, actual sales allowances have been materially consistent with our estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 65.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 53.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 53.25 Td (e also recognize revenue from dealers under subscription arrangements. Subscription fee arrangements are short-term in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (nature with terms ranging from one to six months and are cancelable by the dealer or us at any time. Subscription arrangements fall ) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (into three types: flat rate subscriptions, subscriptions subject to downward adjustment based on a minimum number of vehicle sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (\(guaranteed sales\) and subscriptions based on introduction volume, including those subject to downwardadjustment based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (minimum number of introductions \(guaranteed introductions\). Under flat rate subscription arrangements, fees are char) Tj ET Q q 0 0 0 rg BT 517.60 725.10 Td (ged at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (monthly flat rate regardless of the number of sales made to users of our platform by the dealer) Tj ET Q q 0 0 0 rg BT 411.71 713.10 Td (. For flat rate subscription arrangements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (we recognize the fees as revenue over the subscription period on a straight line basis which corresponds to the period that we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (providing the dealer with access to our platform. Under guaranteed sales subscription arrangements fees are char) Tj ET Q q 0 0 0 rg BT 486.76 689.10 Td (ged based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (number of guaranteed sales multiplied by a fixed amount per vehicle. ) Tj ET Q q 0 0 0 rg BT 315.73 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 321.14 677.10 Td (o the extent that the actual number of vehicles sold by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (dealers to users of our platform is less than the number of guaranteed sales, we provide a credit to the dealer) Tj ET Q q 0 0 0 rg BT 467.80 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.62 665.10 Td (T) Tj ET Q q 0 0 0 rg BT 478.03 665.10 Td (o the extent that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (actual number of vehicles sold exceeds the number of guaranteed sales, we are not entitled to any additional fees. Certain of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (subscription arrangements are char) Tj ET Q q 0 0 0 rg BT 175.48 641.10 Td (ged based on volume of introductions provided while other introduction based subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (arrangements operate under a guaranteed introduction model.Under guaranteed introductions subscription arrangements, fees are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (char) Tj ET Q q 0 0 0 rg BT 53.03 617.10 Td (ged based on a periodically-updated formula that considers, among other things, the introductions anticipated to be provided to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (dealer) Tj ET Q q 0 0 0 rg BT 59.87 605.10 Td (. ) Tj ET Q q 0 0 0 rg BT 64.69 605.10 Td (T) Tj ET Q q 0 0 0 rg BT 70.10 605.10 Td (o the extent that the number of actual introductions is less than the number of guaranteed introductions, we provide a credit to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (the dealer) Tj ET Q q 0 0 0 rg BT 74.59 593.10 Td (. ) Tj ET Q q 0 0 0 rg BT 79.41 593.10 Td (T) Tj ET Q q 0 0 0 rg BT 84.82 593.10 Td (o the extent that the actual number of introductions provided exceeds the number guaranteed, we are not entitled to any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (additional fees. For guaranteed sales and guaranteed introductions subscription arrangements, we recognize revenue based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (lesser of \(i\) the actual number of sales generated or introductions delivered through our platform during the subscription period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (multiplied by the contracted price per sale/introduction or \(ii\) the guaranteed number of sales or introductions multiplied by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (contracted price per sale/introduction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 533.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 521.10 Td (In addition, some automobile manufacturers promote the sale of their vehicles through the of) Tj ET Q q 0 0 0 rg BT 443.38 521.10 Td (fering of additional consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (incentives to members of our af) Tj ET Q q 0 0 0 rg BT 162.72 509.10 Td (finity group marketing partners. ) Tj ET Q q 0 0 0 rg BT 292.79 509.10 Td (These manufacturers pay a per) Tj ET Q q 0 0 0 rg BT 415.30 509.10 Td (-vehicle fee to us for promotion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (incentive and we recognize as revenue the per) Tj ET Q q 0 0 0 rg BT 219.87 497.10 Td (-vehicle incentive fee at the time the sale of the vehicle has occurred between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (Automotive ) Tj ET Q q 0 0 0 rg BT 86.09 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.73 485.10 Td (ebsite Program user and the dealer) Tj ET Q q 0 0 0 rg BT 232.18 485.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 473.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Forecasts, Consulting and Other Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 449.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 437.10 Td (e also derive revenue from providing forecasts, consulting and other services to the automotive and financial services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 79.33 425.10 Td (Additional revenue sources include lead referral fees, advertising fees earned from display advertisements on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 413.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 68.41 413.10 Td (.com website, and data licensing fees earned for licensing certain proprietary data to third parties. ) Tj ET Q q 0 0 0 rg BT 460.30 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 468.94 413.10 Td (e generally recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (revenue upon delivery of such services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 389.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 377.10 Td (Sales of forecasts, consulting and other services may include multiple deliverables including sale of lease residual data, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (guidebooks and consulting services. ) Tj ET Q q 0 0 0 rg BT 182.74 365.10 Td (W) Tj ET Q q 0 0 0 rg BT 191.38 365.10 Td (e therefore recognize revenues for these arrangements in accordance with F) Tj ET Q q 0 0 0 rg BT 492.70 365.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 514.11 365.10 Td (ASC 605-25, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (Revenue Recognition Multiple-Element ) Tj ET Q q 0 0 0 rg BT 206.87 353.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.53 353.10 Td (\(ASC 605-25\). ) Tj ET Q q 0 0 0 rg BT 336.30 353.10 Td (ASC 605-25 was updated by ) Tj ET Q q 0 0 0 rg BT 453.24 353.10 Td (Accounting Standards Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (\(ASU\) 2009-13, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.37 341.10 Td (Revenue Recognition \(T) Tj ET Q q 0 0 0 rg BT 207.53 341.10 Td (opic 605\) Multiple-Deliverable Revenue ) Tj ET Q q 0 0 0 rg BT 382.56 341.10 Td (Arrangements a Consensus of the Emer) Tj ET Q q 0 0 0 rg BT 552.18 341.10 Td (ging ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (Issues T) Tj ET Q q 0 0 0 rg BT 67.59 329.10 Td (ask For) Tj ET Q q 0 0 0 rg BT 98.05 329.10 Td (ce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.92 329.10 Td ( \(ASU 2009-13\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 317.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 305.10 Td (For multiple deliverable revenue arrangements, we first assess whether each deliverable has value to the customer on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (standalone basis and performance is considered probable and substantially in our control. Forecasts and consulting services are sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (both on a standalone basis and as part of multiple deliverable arrangements. ) Tj ET Q q 0 0 0 rg BT 341.19 281.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 390.52 281.10 Td (, the services have standalone value to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (customer) Tj ET Q q 0 0 0 rg BT 72.10 269.10 Td (. Based on that standalone value of the deliverables, we allocate our revenues among the separate deliverables in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (arrangement using the relative selling price method hierarchy established in ) Tj ET Q q 0 0 0 rg BT 340.90 257.10 Td (ASU 2009-13. ) Tj ET Q q 0 0 0 rg BT 401.55 257.10 Td (This hierarchy requires the selling price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (each deliverable in a multiple deliverable revenue arrangement to be based on, in descending order: \(i\) vendor) Tj ET Q q 0 0 0 rg BT 476.45 245.10 Td (-specific objective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (evidence, or ) Tj ET Q q 0 0 0 rg BT 87.18 233.10 Td (VSOE, \(ii\) third-party evidence of selling price, or ) Tj ET Q q 0 0 0 rg BT 291.94 233.10 Td (TPE, or \(iii\) management) Tj ET Q q 0 0 0 rg BT 396.91 233.10 Td (s best estimated selling price, or BESP) Tj ET Q q 0 0 0 rg BT 550.50 233.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 209.10 Td (e have not established ) Tj ET Q q 0 0 0 rg BT 170.98 209.10 Td (VSOE or ) Tj ET Q q 0 0 0 rg BT 210.25 209.10 Td (TPE for our forecasts, consulting and other services because the deliverables are not sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (separately within a suf) Tj ET Q q 0 0 0 rg BT 126.07 197.10 Td (ficiently narrow price range or third party pricing for comparable services is not available; therefore, we apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (judgment to determine BESP) Tj ET Q q 0 0 0 rg BT 151.83 185.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.64 185.10 Td (The objective of BESP) Tj ET Q q 0 0 0 rg BT 248.20 185.10 Td ( is to determine the price at which we would transact a sale if the service were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (sold on a stand-alone basis. ) Tj ET Q q 0 0 0 rg BT 148.02 173.10 Td (The determination of BESP) Tj ET Q q 0 0 0 rg BT 258.47 173.10 Td ( requires us to make significant estimates and judgments and we consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (numerous factors in this determination, including the nature of the deliverables, market conditions and our competitive landscape, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (internal costs, and our pricing and discounting practices associated with actual transactions. ) Tj ET Q q 0 0 0 rg BT 404.60 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 413.24 149.10 Td (e update our estimates of BESP) Tj ET Q q 0 0 0 rg BT 539.23 149.10 Td ( on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (periodic basis as events and as circumstances may require.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 125.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 113.10 Td (Revenue from the sale of lease residual value data and guidebooks is recognized in the period that the data or report is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (delivered. Revenue in connection with consulting services is recognized in the period the report is completed and delivered to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (customer) Tj ET Q q 0 0 0 rg BT 72.10 89.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 77.10 Td () Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (58) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Allowances for Doubtful ) Tj ET Q q 0 0 0 rg BT 139.81 749.25 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 725.25 Td (e determine our allowance for doubtful accounts based on our historical write-of) Tj ET Q q 0 0 0 rg BT 402.29 725.25 Td (f experience and when specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (circumstances make it likely that recovery will not occur) Tj ET Q q 0 0 0 rg BT 262.59 713.25 Td (. ) Tj ET Q q 0 0 0 rg BT 267.41 713.25 Td (W) Tj ET Q q 0 0 0 rg BT 276.04 713.25 Td (e review the allowance for doubtful accounts periodically and assesses the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (aging of account balances, with an emphasis on those that are past due over ninety days. ) Tj ET Q q 0 0 0 rg BT 390.90 701.25 Td (Account balances are char) Tj ET Q q 0 0 0 rg BT 495.93 701.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 521.02 701.25 Td (f against the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (allowance when we determine that it is probable the receivable will not be recovered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 677.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 653.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.25 Td (The results of businesses acquired in a business combination are included in our consolidated financial statements from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (date of the acquisition. Purchase accounting results in assets and liabilities of an acquired business being recorded at their estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (fair values on the acquisition date. ) Tj ET Q q 0 0 0 rg BT 175.13 617.25 Td (Any excess consideration over the fair value of assets acquired and liabilities assumed is recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (as goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 593.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 581.25 Td (e perform valuations of assets acquired and liabilities assumed for an acquisition and allocate the purchase price to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (respective net tangible and intangible assets. Determining the fair value of assets acquired and liabilities assumed requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (management to use significant judgment and estimates including the selection of valuation methodologies, estimates of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (revenues and cash flows and discount rates. ) Tj ET Q q 0 0 0 rg BT 212.99 545.25 Td (W) Tj ET Q q 0 0 0 rg BT 221.63 545.25 Td (e engage the assistance of valuation specialists in arriving at fair value measurements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (connection with fair values of assets and liabilities assumed in a business combination.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 521.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.76 509.25 Td (ransaction costs associated with business combinations are expensed as incurred, and are included in general and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (administrative expenses in our consolidated statement of comprehensive loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 485.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 461.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (Goodwill represents the excess of the aggregate purchase price paid over the fair value of the identifiable assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (acquired in our business combinations. Goodwill is not amortized and is tested for impairment at least annually or whenever events or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (changes in circumstances indicate that the carrying value may not be recoverable. Events or changes in circumstances which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (trigger an impairment review include a significant adverse change in business climate, an adverse action or assessment by a regulator) Tj ET Q q 0 0 0 rg BT 568.74 413.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (unanticipated competition, a loss of key personnel, significant changes in the manner of our use of the acquired assets or the strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (for our overall business, significant negative industry or economic trends, or significant underperformance relative to expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (historical or projected future results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 365.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 353.25 Td (e have the option to assess goodwill for possible impairment by performing a qualitative analysis to determine it is more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (likely than not that the fair value of a reporting unit is less than its carrying amount or perform the first step in an impairment test. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.25 Td (The first step \(Step 1\) involves comparing the estimated fair value of a reporting unit with its respective book value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (including goodwill. If the estimated fair value exceeds book value, goodwill is considered not to be impaired and no additional steps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (are necessary) Tj ET Q q 0 0 0 rg BT 88.92 293.25 Td (. If, however) Tj ET Q q 0 0 0 rg BT 139.61 293.25 Td (, the fair value of the reporting unit is less than book value, then the second step is to compare the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (amount of the goodwill to its implied fair value. ) Tj ET Q q 0 0 0 rg BT 230.23 281.25 Td (The estimate of implied fair value of goodwill may require valuations of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (internally generated and unrecognized intangible assets. If the carrying amount of goodwill exceeds the implied fair value of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (goodwill, an impairment loss is recognized in an amount equal to the excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 245.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 233.25 Td (e test for goodwill impairment annually at December 31. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.54 233.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.12 233.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.12 233.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.12 233.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.56 233.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.56 233.25 Td (, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (were no impairment char) Tj ET Q q 0 0 0 rg BT 136.05 221.25 Td (ges recorded on our goodwill. ) Tj ET Q q 0 0 0 rg BT 258.07 221.25 Td (W) Tj ET Q q 0 0 0 rg BT 266.70 221.25 Td (e performed a qualitative goodwill assessment at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.14 221.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.73 221.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (concluded there was no impairment based on a number of factors considered, including the improvement in key operating metrics over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (the prior year) Tj ET Q q 0 0 0 rg BT 89.46 197.25 Td (,the value of our common stock, overall strength of the automotive industry and general economy) Tj ET Q q 0 0 0 rg BT 481.76 197.25 Td (, and continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (execution against our overall strategic objectives. ) Tj ET Q q 0 0 0 rg BT 236.02 185.25 Td (The fair value of the reporting units significantly exceeded their carrying value and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 82.55 173.25 Td (, we concluded that there was no impairment of goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 161.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (Impairment of Long-Lived ) Tj ET Q q 0 0 0 rg BT 148.12 149.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 137.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 125.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 125.25 Td (e assess the impairment of long-lived assets, consisting primarily of property and equipment and intangible assets resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (from business combinations, whenever events or changes in circumstances indicate that the carrying amount of such assets may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (recoverable. Recoverability of assets to be held and used is measured first by a comparison of the carrying amount of an asset to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (future undiscounted net cash flows expected to be generated by the assets. If such assets are considered to be impaired, an impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (loss equal to the excess of the asset) Tj ET Q q 0 0 0 rg BT 179.57 77.25 Td (s carrying value over its fair value is recorded. ) Tj ET Q q 0 0 0 rg BT 367.65 77.25 Td (When measuring the recoverability of these assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (we make assumptions regarding our estimated future cash flows expected to be generated by the assets. If our estimates or related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td (assumptions change in the future, we may be required to impair these assets. ) Tj ET Q q 0 0 0 rg BT 344.34 53.25 Td (W) Tj ET Q q 0 0 0 rg BT 352.98 53.25 Td (e have not recognized any impairment of long-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (assets to date.) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 749.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Software and ) Tj ET Q q 0 0 0 rg BT 93.05 737.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.20 737.10 Td (ebsite Development Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 725.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 713.10 Td (Costs incurred in the preliminary project and post-implementation stages of development and maintenance of our platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (are expensed as incurred. Certain costs incurred in the application development stage of a new product or projects to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (significant additional functionality to existing products are capitalized if certain criteria are met. Maintenance and enhancement costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (are typically expensed as incurred. Such costs are amortized on a straight-line basis over the estimated useful lives of the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (assets, which are estimated to be three years. ) Tj ET Q q 0 0 0 rg BT 217.04 665.10 Td (Amortization expense is included in depreciation and amortization in the statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (comprehensive loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 641.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 617.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 605.10 Td (e recognize stock-based compensation expense for stock-based compensation awards granted to our employees, consultants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (and other service providers that can be settled in shares of our common stock. ) Tj ET Q q 0 0 0 rg BT 349.33 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 357.97 593.10 Td (e estimate the grant date fair value of option grants, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (and the resulting stock-based compensation using the Black-Scholes option-pricing model. For restricted stock units, we use the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (market value of the Company) Tj ET Q q 0 0 0 rg BT 157.63 569.10 Td (s common stock on the date of grant to determine the fair value of the award. Stock-based compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (for employee awards is recognized on a straight-line basis over the requisite period, except for performance-based awards, which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (recognized using the graded-vesting model. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 533.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 521.10 Td (Determining the fair value of awards using the Black-Scholes option-pricing model requires the use of highly subjective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (assumptions, including the expected term and the price volatility of the underlying stock, which are key inputs in the determination of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (the fair value of stock-based awards. ) Tj ET Q q 0 0 0 rg BT 184.93 497.10 Td (These assumptions include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 485.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 98.85 473.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 128.74 473.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.46 473.10 Td (. ) Tj ET Q q 0 0 0 rg BT 168.27 473.10 Td (The risk-free interest rate is based on the U.S. ) Tj ET Q q 0 0 0 rg BT 353.87 473.10 Td (T) Tj ET Q q 0 0 0 rg BT 359.62 473.10 Td (reasury yield curve in ef) Tj ET Q q 0 0 0 rg BT 456.62 473.10 Td (fect at the time of grant with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (maturities approximately equal to the expected term of the options;) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 440.10 Td (Expected term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.47 440.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.79 440.10 Td (W) Tj ET Q q 0 0 0 rg BT 145.43 440.10 Td (e use the simplified method under the SEC) Tj ET Q q 0 0 0 rg BT 319.56 440.10 Td (s Staf) Tj ET Q q 0 0 0 rg BT 341.88 440.10 Td (f ) Tj ET Q q 0 0 0 rg BT 347.16 440.10 Td (Accounting Bulletin No. 107, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 468.26 440.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 486.78 440.10 Td (e-Based Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.47 440.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 428.10 Td (calculate expected term for plain vanilla share options. For performance-based option awards and out-of-the money option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 416.10 Td (grants, we determine the expected term based upon historical exercise and post-vesting cancellations, adjusted for expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 404.10 Td (future exercise behavior;) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 383.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 383.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.69 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.14 383.10 Td (As we do not have a significant trading history for our common stock, expected volatility is derived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 371.10 Td (from the historical stock volatilities of several comparable publicly listed peers over a period approximately equal to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 359.10 Td (expected term of the options. ) Tj ET Q q 0 0 0 rg BT 190.67 359.10 Td (When making the selections of our comparable industry peers to be used in the volatility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 347.10 Td (calculation, we considered the size, operational and economic similarities to our principal business operations; and) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 326.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 326.10 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.59 326.10 Td (. ) Tj ET Q q 0 0 0 rg BT 140.41 326.10 Td (The expected dividend yield is assumed to be zero as we have never paid dividends and have no current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 314.10 Td (plans to pay any dividends on our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 293.10 Td (In 2016, the F) Tj ET Q q 0 0 0 rg BT 127.37 293.10 Td (ASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (including accounting for forfeitures. Companies have the choice to elect as an accounting policy whether to continue to estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (forfeitures or recognize forfeitures when they occur) Tj ET Q q 0 0 0 rg BT 242.02 269.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.46 269.10 Td (As part of our early adoption of this guidance in 2016, we elected to account for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (forfeitures as they occur) Tj ET Q q 0 0 0 rg BT 132.35 257.10 Td (. Prior to 2016, in addition to the assumptions used in the Black-Scholes option-pricing model, we estimated a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (forfeiture rate to calculate the stock-based compensation for our awards. ) Tj ET Q q 0 0 0 rg BT 327.64 245.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.28 245.10 Td (e evaluated the appropriateness of the forfeiture rate based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (on actual forfeiture experience, analysis of employee turnover) Tj ET Q q 0 0 0 rg BT 283.82 233.10 Td (, and other factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 221.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 209.10 Td (e will continue to use judgment in evaluating the expected volatility and expected terms utilized for our stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (compensation calculations on a prospective basis. ) Tj ET Q q 0 0 0 rg BT 236.78 197.10 Td (As we continue to accumulate additional data related to our common stock, we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (have refinements to the estimates of our expected volatility and expected term, which could materially impact our future stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (compensation expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 161.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 149.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 149.10 Td ( total remaining stock-based compensation expense for unvested awards was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.43 149.10 Td ($101.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.33 149.10 Td (, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (expected to be recognized over a weighted-average period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.26 137.10 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.76 137.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 125.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 113.10 Td (Prior to the date our common stock began trading on ) Tj ET Q q 0 0 0 rg BT 285.11 113.10 Td (The NASDAQ Global Select Market, the fair value of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (stock had been approved by the board of directors at each grant date based on a variety of factors, including periodic valuations of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (common stock, our financial position, historical financial performance, projected financial performance, valuations of publicly traded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (peer companies arm) Tj ET Q q 0 0 0 rg BT 119.30 77.10 Td (s-length sales of our common stock, and the illiquid nature of common stock. Since our initial public of) Tj ET Q q 0 0 0 rg BT 533.20 77.10 Td (fering, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (determine the fair value of our common stock based on the closing price as quoted on ) Tj ET Q q 0 0 0 rg BT 380.72 65.10 Td (The NASDAQ Global Select Market of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (common stock on the grant date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 41.10 Td () Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (60) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 74.80 749.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 725.25 Td (e use the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (tax consequences attributable to the dif) Tj ET Q q 0 0 0 rg BT 192.15 713.25 Td (ferences between the financial statement carrying amounts of existing assets and liabilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to be in ef) Tj ET Q q 0 0 0 rg BT 501.74 701.25 Td (fect when such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (assets and liabilities are recovered or settled. ) Tj ET Q q 0 0 0 rg BT 216.86 689.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 242.49 689.25 Td (fect on deferred tax assets and liabilities of a change in tax rates is recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (the year that includes the enactment date. ) Tj ET Q q 0 0 0 rg BT 203.52 677.25 Td (W) Tj ET Q q 0 0 0 rg BT 212.16 677.25 Td (e determine deferred tax assets including net operating losses and liabilities, based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 90.52 665.25 Td (ferences between the book and tax bases of assets and liabilities. ) Tj ET Q q 0 0 0 rg BT 350.44 665.25 Td (A) Tj ET Q q 0 0 0 rg BT 357.11 665.25 Td ( valuation allowance is established to reduce net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (deferred tax assets to amounts that are more likely than not to be realized. ) Tj ET Q q 0 0 0 rg BT 333.21 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 341.85 653.25 Td (e consider all available evidence, both positive and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (negative, in assessing the need for a valuation allowance. ) Tj ET Q q 0 0 0 rg BT 267.13 641.25 Td (W) Tj ET Q q 0 0 0 rg BT 275.77 641.25 Td (e have a full valuation allowance, and have concluded, based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (weight of all available evidence, that it is more likely than not that our net deferred tax assets will not be realized, primarily due to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (historical net operating losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 593.25 Td (e utilize a two-step approach for evaluating uncertain tax positions. Step one, recognition, requires us to determine if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (weight of available evidence indicates that a tax position is more likely than not to be sustained upon audit, including resolution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (related appeals or litigation processes, if any) Tj ET Q q 0 0 0 rg BT 213.34 569.25 Td (. If a tax position is not considered more likely than not to be sustained, no benefits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (the position are recognized. If we determine that a position is more likely than not to be sustained, then we proceed to step two, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (measurement, which is based on the lar) Tj ET Q q 0 0 0 rg BT 193.27 545.25 Td (gest amount of benefit which is more likely than not to be realized on ef) Tj ET Q q 0 0 0 rg BT 481.34 545.25 Td (fective settlement. ) Tj ET Q q 0 0 0 rg BT 556.96 545.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (process involves estimating our actual current tax exposure, including assessing the risks associated with tax audits, together with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (assessing temporary dif) Tj ET Q q 0 0 0 rg BT 130.24 521.25 Td (ferences resulting from the dif) Tj ET Q q 0 0 0 rg BT 251.13 521.25 Td (ferent treatment of items for tax and financial reporting purposes. If actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (results dif) Tj ET Q q 0 0 0 rg BT 75.54 509.25 Td (fer from our estimates, our net operating loss and credit carryforwards could be materially impacted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 497.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 66.45 485.25 Td (Accounting Pronouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 473.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 461.25 Td (See Note 2to our consolidated financial statements included herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (Item 7A. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 243.31 437.25 Td (es about Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 425.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.25 Td (Market risk represents the risk of loss that may af) Tj ET Q q 0 0 0 rg BT 269.82 413.25 Td (fect our financial position due to adverse changes in financial market prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (and rates. ) Tj ET Q q 0 0 0 rg BT 76.63 401.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.27 401.25 Td (e are exposed to market risks related to changes in interest rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 389.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Interest Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 365.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 353.25 Td (e had cash and cash equivalents of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.86 353.25 Td ($197.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.75 353.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.97 353.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.55 353.25 Td (, which consists entirely of bank deposits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (short-term money market funds. Such interest-earning instruments carry a degree of interest rate risk. ) Tj ET Q q 0 0 0 rg BT 443.46 341.25 Td (T) Tj ET Q q 0 0 0 rg BT 448.87 341.25 Td (o date, fluctuations in interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (income have not been significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 317.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 305.25 Td (e do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (manage our interest rate risk exposure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 281.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 269.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 269.25 Td (o the extent we borrow funds under our credit facility) Tj ET Q q 0 0 0 rg BT 290.86 269.25 Td (, we would be subject to fluctuations in interest rates. See Part II, Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (7, Management) Tj ET Q q 0 0 0 rg BT 105.42 257.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 174.59 257.25 Td (Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources. ) Tj ET Q q 0 0 0 rg BT 556.76 257.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.83 245.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.41 245.25 Td (, we had no borrowings under the credit facility) Tj ET Q q 0 0 0 rg BT 314.98 245.25 Td (. ) Tj ET Q q 0 0 0 rg BT 319.80 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 328.44 245.25 Td (e believe that we do not have a material exposure to changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (in the fair value as a result of changes in interest rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 221.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (Inflation Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 197.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 185.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 185.25 Td (e do not believe that inflation has had a material ef) Tj ET Q q 0 0 0 rg BT 283.16 185.25 Td (fect on our business, financial condition or results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (operations.However) Tj ET Q q 0 0 0 rg BT 118.91 173.25 Td (, if our costs were to become subject to significant inflationary pressures, we may not be able to fully of) Tj ET Q q 0 0 0 rg BT 533.89 173.25 Td (fset such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (higher costs through price increases.Our inability or failure to do so could harm our business, operating results and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (Foreign Currency Exchange Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.74 125.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 101.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 118.56 101.25 Td (, as our operations and sales have been primarily in the United States, we have not faced any significant foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (currency risk. If we plan for international expansion, our risks associated with fluctuation in currency rates will become greater) Tj ET Q q 0 0 0 rg BT 544.31 89.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (we will continue to reassess our approach to managing this risk.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 65.25 Td () Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item 8. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (The information required by this item appears in a separate section of this annual report on Form 10-K beginning on page F-1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (and is incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (Item 9. ) Tj ET Q q 0 0 0 rg BT 72.00 689.25 Td (Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 168.79 689.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 226.56 689.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 294.90 689.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 447.24 689.25 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 677.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 665.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 653.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (Item 9A. Contr) Tj ET Q q 0 0 0 rg BT 103.58 641.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 146.74 641.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 176.00 641.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 629.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 135.83 617.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 168.14 617.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 211.30 617.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 240.56 617.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 605.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 593.25 Td (The phrase disclosure controls and procedures refers to controls and procedures designed to ensure that information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (required to be disclosed in our reports filed or submitted under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 387.02 581.25 Td (Act of 1934, as amended, or the Exchange ) Tj ET Q q 0 0 0 rg BT 558.63 581.25 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (such as this ) Tj ET Q q 0 0 0 rg BT 84.06 569.25 Td (Annual Report on Form10-K, is recorded, processed, summarized and reported within the time periods specified in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (rules and forms of the U.S. Securities and Exchange Commission, or SEC. Disclosure controls and procedures are also designed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (ensure that such information is accumulated and communicated to our management, including our chief executive of) Tj ET Q q 0 0 0 rg BT 502.88 545.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 520.80 545.25 Td (, or CEO, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (and chief financial of) Tj ET Q q 0 0 0 rg BT 121.05 533.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 138.97 533.25 Td (, or CFO, as appropriate to allow timely decisions regarding required disclosure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 521.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 509.25 Td (Our management, with the participation of our CEO and CFO has evaluated the ef) Tj ET Q q 0 0 0 rg BT 401.17 509.25 Td (fectiveness of our disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (procedures \(as defined in Rules13a-15\(e\) and 15d-15\(e\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 346.16 497.25 Td (Act\), as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.59 497.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.17 497.25 Td (, the end of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (covered by this ) Tj ET Q q 0 0 0 rg BT 99.04 485.25 Td (Annual Report on Form10-K. Based on such evaluation, our CEO and CFO have concluded that as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.19 485.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 473.25 Td (, our disclosure controls and procedures were designed at a reasonable assurance level and were ef) Tj ET Q q 0 0 0 rg BT 449.54 473.25 Td (fective to provide reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (assurance that information we are required to disclose in reports that we file or submit under the Exchange ) Tj ET Q q 0 0 0 rg BT 464.19 461.25 Td (Act is recorded, processed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (summarized, and reported within the time periods specified in the rules and forms of the SEC, and that such information is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (accumulated and communicated to our management, including our CEO and CFO, as appropriate, to allow timely decisions regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (required disclosure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 413.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (Management) Tj ET Q q 0 0 0 rg BT 95.06 401.25 Td (s Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 209.87 401.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 238.85 401.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 389.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 377.25 Td (Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (in Rules13a-15\(f\) and 15d-15\(f\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 236.49 365.25 Td (Act. Internal control over financial reporting is a process designed to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (reasonable assurance regarding the reliability of our financial reporting and the preparation of our financial statements for external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (purposes in accordance with generally accepted accounting principles. Management conducted an evaluation of the ef) Tj ET Q q 0 0 0 rg BT 507.57 341.25 Td (fectiveness of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (our internal control over financial reporting based on the criteria described in) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 344.49 329.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 404.68 329.25 Td (ol- Integrated Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.60 329.25 Td (\(2013\)issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 179.42 317.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 252.83 317.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 317.25 Td (readway Commission. Based on this evaluation, management has concluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (that, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.66 305.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.24 305.25 Td (, the Company) Tj ET Q q 0 0 0 rg BT 217.62 305.25 Td (s internal control over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 410.42 305.25 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 281.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 97.63 281.25 Td (fectiveness of our internal control over financial reporting as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 281.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.23 281.25 Td (has been audited by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (PricewaterhouseCoopersLLP) Tj ET Q q 0 0 0 rg BT 154.58 269.25 Td (, an independent registered public accounting firm, as stated in their report that is included herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 257.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 148.89 245.25 Td (olover) Tj ET Q q 0 0 0 rg BT 177.86 245.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 233.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 221.25 Td (There were no changes in our internal control over financial reporting identified in management) Tj ET Q q 0 0 0 rg BT 458.80 221.25 Td (s evaluation pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (Rules13a-15\(d\) or 15d-15\(d\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 223.45 209.25 Td (Act during the fourth quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.29 209.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.29 209.25 Td ( that materially af) Tj ET Q q 0 0 0 rg BT 442.91 209.25 Td (fected, or are reasonably likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (to materially af) Tj ET Q q 0 0 0 rg BT 96.90 197.25 Td (fect, our internal control over financial reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (Limitations on Effectiveness of Disclosur) Tj ET Q q 0 0 0 rg BT 209.70 173.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 242.01 173.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 285.17 173.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 314.42 173.25 Td (esand Internal Contr) Tj ET Q q 0 0 0 rg BT 406.75 173.25 Td (ols over) Tj ET Q q 0 0 0 rg BT 439.61 173.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 161.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.25 Td (In designing and evaluating the disclosure controls and procedures and internal control over financial reporting, management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (achieving the desired control objectives. In addition, the design of disclosure controls and procedures and internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (financial reporting must reflect the fact that there are resource constraints and that management is required to apply judgment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (evaluating the benefits of possible controls and procedures relative to their costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 89.25 Td () Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item 9B. Other) Tj ET Q q 0 0 0 rg BT 100.53 749.25 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (On February 28, 2018, ) Tj ET Q q 0 0 0 rg BT 165.14 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 170.90 725.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 197.70 725.25 Td (, Inc. \(the Company\), together with its subsidiaries \(collectively) Tj ET Q q 0 0 0 rg BT 461.15 725.25 Td (, the Borrowers\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (amended its existing secured revolving credit facility with Silicon ) Tj ET Q q 0 0 0 rg BT 301.59 713.25 Td (V) Tj ET Q q 0 0 0 rg BT 307.70 713.25 Td (alley Bank pursuant to an amendment \(the Amendment\) to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 60.17 701.25 Td (Amended and Restated Loan and Security ) Tj ET Q q 0 0 0 rg BT 230.67 701.25 Td (Agreement, dated as of February 18, 2015 \(as amended, the Loan Facility\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 45.26 689.25 Td (fective as of February 18, 2018, the ) Tj ET Q q 0 0 0 rg BT 189.38 689.25 Td (Amendment, among other things, extends the maturity date of the Loan Facility to February 18, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (2021 and amends the maximum consolidated leverage ratio covenant and fixed char) Tj ET Q q 0 0 0 rg BT 372.09 677.25 Td (ge coverage ratio definition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (The foregoing description of the ) Tj ET Q q 0 0 0 rg BT 203.35 653.25 Td (Amendment is qualified in its entirety by the full text of the ) Tj ET Q q 0 0 0 rg BT 443.86 653.25 Td (Amendment, which has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (filed as an exhibit to this ) Tj ET Q q 0 0 0 rg BT 136.54 641.25 Td (Annual Report on Form10-K.) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (P) Tj ET Q q 0 0 0 rg BT 41.37 749.25 Td (AR) Tj ET Q q 0 0 0 rg BT 55.46 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 61.95 749.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 737.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (Item 10. ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td ( Dir) Tj ET Q q 0 0 0 rg BT 88.76 725.25 Td (ectors, Executive Officers and Corporate Governance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 713.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 701.25 Td (The information required by this Item is incorporated by reference from our definitive Proxy Statement for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.58 701.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.58 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.53 701.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (Meeting of Stockholders to be filed with the SEC within 120days of the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.42 689.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.01 689.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 677.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 665.25 Td (Our board of directors has adopted a Code of Business Conduct and Ethics applicable to all of) Tj ET Q q 0 0 0 rg BT 448.39 665.25 Td (ficers, directors, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (employees, which is available on our website \(ir) Tj ET Q q 0 0 0 rg BT 228.72 653.25 Td (.true.com\) under Corporate Governance Documents and Charters. ) Tj ET Q q 0 0 0 rg BT 510.94 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 519.57 653.25 Td (e intend to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (satisfy the disclosure requirement under Item 5.05 of Form 8-K regarding amendment to, or waiver from, a provision of our Code of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Business Conduct and Ethics by posting such information on the website address and location specified above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 617.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (Item 1) Tj ET Q q 0 0 0 rg BT 62.94 605.25 Td (1. Executive Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 593.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.25 Td (The information required by this Item is incorporated by reference from our definitive Proxy Statement for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.58 581.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.58 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.53 581.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (Meeting of Stockholders to be filed with the SEC within 120days of the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.42 569.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.01 569.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 557.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.19 545.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.69 545.25 Td (Matters) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 533.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 521.25 Td (The information required by this Item is incorporated by reference from our definitive Proxy Statement for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.58 521.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.58 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.53 521.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (Meeting of Stockholders to be filed with the SEC within 120days of the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.42 509.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.01 509.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 497.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (Item 13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 225.26 485.25 Td (T) Tj ET Q q 0 0 0 rg BT 231.19 485.25 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 317.96 485.25 Td (ector) Tj ET Q q 0 0 0 rg BT 339.43 485.25 Td ( Independence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 473.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 461.25 Td (The information required by this Item is incorporated by reference from our definitive Proxy Statement for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.58 461.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.58 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.53 461.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (Meeting of Stockholders to be filed with the SEC within 120days of the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.42 449.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.01 449.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 437.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (Item 14. Principal ) Tj ET Q q 0 0 0 rg BT 117.38 425.25 Td (Accounting Fees and Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 413.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.25 Td (The information required by this Item is incorporated by reference from our definitive Proxy Statement for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.58 401.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.58 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.53 401.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (Meeting of Stockholders to be filed with the SEC within 120days of the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.42 389.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.01 389.25 Td (.) Tj ET Q endstream endobj 129 0 obj <><><><><><><><><><><><><>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 749.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (P) Tj ET Q q 0 0 0 rg BT 41.37 737.10 Td (AR) Tj ET Q q 0 0 0 rg BT 55.46 737.10 Td (T) Tj ET Q q 0 0 0 rg BT 61.95 737.10 Td ( IV) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 99.00 728.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 716.70 Td (Item 15. Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 99.00 708.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 696.30 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 696.30 Td (The following documents are filed as part of this report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 672.30 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (Financial Statements:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 135.00 663.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 643.07 Td (Index:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 641.7333984375 m 572.9916015625 641.7333984375 l s q 0 0 1 rg BT 559.10 643.07 Td (F-1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 626.7333984375 m 272.8427734375 626.7333984375 l s q 0 0 1 rg BT 39.00 628.07 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 204.24 628.07 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 272.84 628.07 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 626.7333984375 m 572.9916015625 626.7333984375 l s q 0 0 1 rg BT 559.10 628.07 Td (F-2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 611.7333984375 m 343.9072265625 611.7333984375 l s q 0 0 1 rg BT 39.00 613.07 Td (Consolidated Balance Sheets at December 31, 2017 and December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 343.91 613.07 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 611.7333984375 m 572.9916015625 611.7333984375 l s q 0 0 1 rg BT 559.10 613.07 Td (F-3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 596.7333984375 m 523.287109375 596.7333984375 l s q 0 0 1 rg BT 39.00 598.07 Td (Consolidated Statements of Comprehensive Loss for each of the years in the three-year period ended December31,2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 596.7333984375 m 572.9916015625 596.7333984375 l s q 0 0 1 rg BT 559.10 598.07 Td (F-4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 581.7333984375 m 520.513671875 581.7333984375 l s q 0 0 1 rg BT 39.00 583.07 Td (Consolidated Statements of Stockholders Equity for each of the years in the three-year period ended December31,2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 520.51 583.07 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 581.7333984375 m 572.9916015625 581.7333984375 l s q 0 0 1 rg BT 559.10 583.07 Td (F-5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 566.7333984375 m 486.0849609375 566.7333984375 l s q 0 0 1 rg BT 39.00 568.07 Td (Consolidated Statements of Cash Flows for each of the years in the three-year period ended December31,2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 486.08 568.07 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 566.7333984375 m 572.9916015625 566.7333984375 l s q 0 0 1 rg BT 559.10 568.07 Td (F-6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 551.7333984375 m 228.6923828125 551.7333984375 l s q 0 0 1 rg BT 39.00 553.07 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 228.69 553.07 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 559.1 551.7333984375 m 572.9916015625 551.7333984375 l s q 0 0 1 rg BT 559.10 553.07 Td (F-8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 524.90 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 524.90 Td (Financial Statements Schedule) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 512.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 500.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 500.90 Td (All schedules have been omitted because they are not required, not applicable, not present in amounts suf) Tj ET Q q 0 0 0 rg BT 493.35 500.90 Td (ficient to require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 488.90 Td (submission of the schedule, or the required information is otherwise included in our consolidated financial statements and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 476.90 Td (notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 464.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.90 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 452.90 Td (Exhibits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 440.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 428.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 428.90 Td (The following exhibits are filed as part of, or are incorporated by reference in, this annual report on Form10-K:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 416.90 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 372.40 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 372.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 372.40 203.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 372.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 372.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 372.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 372.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 372.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 372.40 32.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 372.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 372.40 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 372.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 372.40 92.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 331.40 44.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 331.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 331.40 203.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 331.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 331.40 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 331.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 331.40 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 331.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 331.40 32.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 331.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 331.40 39.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 331.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 331.40 92.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 261.40 44.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 261.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 261.40 203.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 261.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 261.40 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 261.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 261.40 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 261.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 261.40 32.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 261.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 261.40 39.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 261.40 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 261.40 92.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 181.40 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 181.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 181.40 203.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 181.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 181.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 181.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 181.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 181.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 181.40 32.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 181.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 181.40 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 181.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 181.40 92.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 131.40 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 131.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 131.40 203.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 131.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 131.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 131.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 131.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 131.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 131.40 32.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 131.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 131.40 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 131.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 131.40 92.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 71.40 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 71.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 71.40 203.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 71.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 71.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 71.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 71.40 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 71.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 71.40 32.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 71.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 71.40 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 71.40 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 71.40 92.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 372.4 m 80.5 372.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.5 372.4 m 288.5 372.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 372.4 m 343.5 372.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 372.4 m 398.5 372.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 372.4 m 435.5 372.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 372.4 m 479.5 372.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 372.4 m 576.5 372.4 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 42.15 377.08 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.55 377.08 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 193.64 377.08 Td (T) Tj ET Q q 0 0 0 rg BT 200.13 377.08 Td (itle) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.15 387.08 Td (Filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.05 377.08 Td (Her) Tj ET Q q 0 0 0 rg BT 314.61 377.08 Td (ewith) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.85 397.08 Td (Incorp-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.55 387.08 Td (orated by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.70 377.08 Td (Refer) Tj ET Q q 0 0 0 rg BT 375.48 377.08 Td (ence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.05 377.08 Td (Form) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 387.08 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.10 377.08 Td (No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.90 377.08 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.75 361.6333984375 m 64.25 361.6333984375 l s q 0 0 1 rg BT 51.75 362.97 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 360.7333984375 m 238.7763671875 360.7333984375 l s q 0 0 1 rg BT 88.00 362.07 Td (Amended and Restated Certificate of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 350.7333984375 m 214.07421875 350.7333984375 l s q 0 0 1 rg BT 88.00 352.07 Td (Incorporation of the Registrant.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 352.07 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 352.07 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.25 352.07 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 352.07 Td (May 5, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.75 336.6333984375 m 64.25 336.6333984375 l s q 0 0 1 rg BT 51.75 337.97 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 334.7333984375 m 189.650390625 334.7333984375 l s q 0 0 1 rg BT 88.00 336.07 Td (Bylaws of the Registrant.) 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rg /GS0 gs 440.50 546.50 39.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 546.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 546.50 92.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 466.50 44.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 466.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 466.50 203.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 466.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 466.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 466.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 466.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 466.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 466.50 32.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 466.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 466.50 39.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 466.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 466.50 92.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 206.50 44.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 206.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 206.50 203.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 206.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 206.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 206.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 206.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 206.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 206.50 32.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 206.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 206.50 39.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 206.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 206.50 92.00 -35.00 re f /GS0 gs BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.25 710.7333984375 m 66.75 710.7333984375 l s q 0 0 1 rg BT 49.25 712.07 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 709.8333984375 m 280.7685546875 709.8333984375 l s q 0 0 1 rg BT 88.00 711.17 Td (Clock ) Tj ET Q q 0 0 1 rg BT 114.21 711.17 Td (T) Tj ET Q q 0 0 1 rg BT 119.62 711.17 Td (ower Building Of) Tj ET Q q 0 0 1 rg BT 189.98 711.17 Td (fice Lease, dated May ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 699.8333984375 m 268.5126953125 699.8333984375 l s q 0 0 1 rg BT 88.00 701.17 Td (10, 2010, by and between the Registrant and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 689.8333984375 m 244.7333984375 689.8333984375 l s q 0 0 1 rg BT 88.00 691.17 Td (Clock ) Tj ET Q q 0 0 1 rg BT 114.21 691.17 Td (T) Tj ET Q q 0 0 1 rg BT 119.62 691.17 Td (ower) Tj ET Q q 0 0 1 rg BT 139.21 691.17 Td (, LLC, as amended by the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 679.8333984375 m 277.6728515625 679.8333984375 l s q 0 0 1 rg BT 88.00 681.17 Td (Amendment to Lease Re ) Tj ET Q q 0 0 1 rg BT 189.08 681.17 Td (Additional Space and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 669.8333984375 m 277.2529296875 669.8333984375 l s q 0 0 1 rg BT 88.00 671.17 Td (T) Tj ET Q q 0 0 1 rg BT 93.41 671.17 Td (erm Extension dated November 20, 2010 and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 659.8333984375 m 248.7861328125 659.8333984375 l s q 0 0 1 rg BT 88.00 661.17 Td (the Second ) Tj ET Q q 0 0 1 rg BT 134.10 661.17 Td (Amendment to Lease, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 649.8333984375 m 253.234375 649.8333984375 l s q 0 0 1 rg BT 88.00 651.17 Td (September 19, 2013, by and between the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 639.8333984375 m 252.5263671875 639.8333984375 l s q 0 0 1 rg BT 88.00 641.17 Td (Registrant and SaMo Clock ) Tj ET Q q 0 0 1 rg BT 201.14 641.17 Td (T) Tj ET Q q 0 0 1 rg BT 206.55 641.17 Td (ower) Tj ET Q q 0 0 1 rg BT 226.14 641.17 Td (, LLC ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 629.8333984375 m 265.5634765625 629.8333984375 l s q 0 0 1 rg BT 88.00 631.17 Td (\(successor in interest to Clock ) Tj ET Q q 0 0 1 rg BT 210.85 631.17 Td (T) Tj ET Q q 0 0 1 rg BT 216.26 631.17 Td (ower) Tj ET Q q 0 0 1 rg BT 235.85 631.17 Td (, LLC\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 631.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 631.17 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 631.17 Td (10.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 631.17 Td (April 4, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.25 615.7333984375 m 66.75 615.7333984375 l s q 0 0 1 rg BT 49.25 617.07 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 614.8333984375 m 272.47265625 614.8333984375 l s q 0 0 1 rg BT 88.00 616.17 Td (Of) Tj ET Q q 0 0 1 rg BT 98.37 616.17 Td (fice Lease, dated October 15, 2010, by and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 604.8333984375 m 269.064453125 604.8333984375 l s q 0 0 1 rg BT 88.00 606.17 Td (between the Registrant and Douglas Emmett ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 594.8333984375 m 134.38671875 594.8333984375 l s q 0 0 1 rg BT 88.00 596.17 Td (1995, LLC.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 596.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 596.17 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 596.17 Td (10.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 596.17 Td (April 4, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.25 580.7333984375 m 66.75 580.7333984375 l s q 0 0 1 rg BT 49.25 582.07 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 579.8333984375 m 286.4814453125 579.8333984375 l s q 0 0 1 rg BT 88.00 581.17 Td (Second ) Tj ET Q q 0 0 1 rg BT 119.39 581.17 Td (Amendment, dated February 1) Tj ET Q q 0 0 1 rg BT 241.20 581.17 Td (1, 2015, to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 569.8333984375 m 272.47265625 569.8333984375 l s q 0 0 1 rg BT 88.00 571.17 Td (Of) Tj ET Q q 0 0 1 rg BT 98.37 571.17 Td (fice Lease, dated October 15, 2010, by and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 559.8333984375 m 269.064453125 559.8333984375 l s q 0 0 1 rg BT 88.00 561.17 Td (between the Registrant and Douglas Emmett ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 549.8333984375 m 134.38671875 549.8333984375 l s q 0 0 1 rg BT 88.00 551.17 Td (1995, LLC.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 551.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 551.17 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 551.17 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.20 551.17 Td (March 12, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 46.75 535.7333984375 m 69.25 535.7333984375 l s q 0 0 1 rg BT 46.75 537.07 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 534.8333984375 m 248.5908203125 534.8333984375 l s q 0 0 1 rg BT 88.00 536.17 Td (1540 Second Street Of) Tj ET Q q 0 0 1 rg BT 178.63 536.17 Td (fice Lease, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 524.8333984375 m 253.234375 524.8333984375 l s q 0 0 1 rg BT 88.00 526.17 Td (September 30, 2013, by and between the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 514.8333984375 m 272.140625 514.8333984375 l s q 0 0 1 rg BT 88.00 516.17 Td (Registrant and RBE 1540 Second Street LLC.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 516.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 516.17 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 516.17 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 516.17 Td (April 4, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 46.9 500.7333984375 m 69.02890625 500.7333984375 l s q 0 0 1 rg BT 46.90 502.07 Td (10.1) Tj ET Q q 0 0 1 rg BT 64.03 502.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 499.8333984375 m 273.3857421875 499.8333984375 l s q 0 0 1 rg BT 88.00 501.17 Td (1401 Ocean ) Tj ET Q q 0 0 1 rg BT 137.99 501.17 Td (A) Tj ET Q q 0 0 1 rg BT 144.46 501.17 Td (venue Of) Tj ET Q q 0 0 1 rg BT 181.21 501.17 Td (fice Lease ) Tj ET Q q 0 0 1 rg BT 223.96 501.17 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 489.8333984375 m 251.2958984375 489.8333984375 l s q 0 0 1 rg BT 88.00 491.17 Td (dated July 10, 2014, by and between the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 479.8333984375 m 273.5224609375 479.8333984375 l s q 0 0 1 rg BT 88.00 481.17 Td (Registrant and Mani Brothers Portofino Plaza ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 469.8333984375 m 134.376953125 469.8333984375 l s q 0 0 1 rg BT 88.00 471.17 Td (\(DE\), LLC.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 471.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 471.17 Td (10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 471.17 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.80 471.17 Td (August 14, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 46.75 455.7333984375 m 69.25 455.7333984375 l s q 0 0 1 rg BT 46.75 457.07 Td (10.12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 455.7333984375 m 283.029296875 455.7333984375 l s q 0 0 1 rg BT 88.00 457.07 Td (Of) Tj ET Q q 0 0 1 rg BT 98.37 457.07 Td (fice Lease ) Tj ET Q q 0 0 1 rg BT 141.12 457.07 Td (Agreement, dated May 3, 2016, by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 445.7333984375 m 269.34765625 445.7333984375 l s q 0 0 1 rg BT 88.00 447.07 Td (and between the Registrant and Hill Country ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 435.7333984375 m 172.267578125 435.7333984375 l s q 0 0 1 rg BT 88.00 437.07 Td (T) Tj ET Q q 0 0 1 rg BT 93.41 437.07 Td (exas Galleria, LLC.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 436.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 436.17 Td (10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 436.17 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 436.17 Td (August 9, 2016) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 46.75 420.7333984375 m 69.25 420.7333984375 l s q 0 0 1 rg BT 46.75 422.07 Td (10.13) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 419.8333984375 m 272.66796875 419.8333984375 l s q 0 0 1 rg BT 88.00 421.17 Td (Loan and Security ) Tj ET Q q 0 0 1 rg BT 163.26 421.17 Td (Agreement, dated May 15, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 409.8333984375 m 284.34765625 409.8333984375 l s q 0 0 1 rg BT 88.00 411.17 Td (2009, by and between the Registrant and Silicon ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 399.8333984375 m 276.5595703125 399.8333984375 l s q 0 0 1 rg BT 88.00 401.17 Td (V) Tj ET Q q 0 0 1 rg BT 94.11 401.17 Td (alley Bank, as amended by the ) Tj ET Q q 0 0 1 rg BT 218.24 401.17 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 389.8333984375 m 271.271484375 389.8333984375 l s q 0 0 1 rg BT 88.00 391.17 Td (Restated Loan and Security ) Tj ET Q q 0 0 1 rg BT 200.19 391.17 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 379.8333984375 m 269.923828125 379.8333984375 l s q 0 0 1 rg BT 88.00 381.17 Td (November 12, 2010, the First ) Tj ET Q q 0 0 1 rg BT 207.71 381.17 Td (Amendment to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 369.8333984375 m 259.0595703125 369.8333984375 l s q 0 0 1 rg BT 88.00 371.17 Td (Amended and Restated Loan and Security ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 359.8333984375 m 257.3798828125 359.8333984375 l s q 0 0 1 rg BT 88.00 361.17 Td (Agreement dated December 31, 2010, the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 349.8333984375 m 276.2958984375 349.8333984375 l s q 0 0 1 rg BT 88.00 351.17 Td (Second ) Tj ET Q q 0 0 1 rg BT 119.39 351.17 Td (Amendment to ) Tj ET Q q 0 0 1 rg BT 181.05 351.17 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 339.8333984375 m 279.044921875 339.8333984375 l s q 0 0 1 rg BT 88.00 341.17 Td (Loan and Security ) Tj ET Q q 0 0 1 rg BT 163.26 341.17 Td (Agreement dated November ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 329.8333984375 m 285.9345703125 329.8333984375 l s q 0 0 1 rg BT 88.00 331.17 Td (1) Tj ET Q q 0 0 1 rg BT 92.63 331.17 Td (1, 201) Tj ET Q q 0 0 1 rg BT 117.26 331.17 Td (1, the ) Tj ET Q q 0 0 1 rg BT 141.79 331.17 Td (Third ) Tj ET Q q 0 0 1 rg BT 165.96 331.17 Td (Amendment to ) Tj ET Q q 0 0 1 rg BT 227.62 331.17 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 319.8333984375 m 271.271484375 319.8333984375 l s q 0 0 1 rg BT 88.00 321.17 Td (Restated Loan and Security ) Tj ET Q q 0 0 1 rg BT 200.19 321.17 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 309.8333984375 m 266.017578125 309.8333984375 l s q 0 0 1 rg BT 88.00 311.17 Td (February 9, 2012, the Second ) Tj ET Q q 0 0 1 rg BT 207.70 311.17 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 299.8333984375 m 271.271484375 299.8333984375 l s q 0 0 1 rg BT 88.00 301.17 Td (Restated Loan and Security ) Tj ET Q q 0 0 1 rg BT 200.19 301.17 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 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261.50 44.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 261.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 261.50 203.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 261.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 261.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 261.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 261.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 261.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 261.50 32.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 261.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 261.50 39.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 261.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 261.50 92.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 191.50 44.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 191.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 191.50 203.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 191.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 191.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 191.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 191.50 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 191.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 191.50 32.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 191.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 191.50 39.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 191.50 5.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 191.50 92.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 141.50 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 141.50 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 141.50 203.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 141.50 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 141.50 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 141.50 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 141.50 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 141.50 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 141.50 32.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 141.50 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 141.50 39.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 141.50 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 141.50 92.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 101.50 44.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 80.50 101.50 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.50 101.50 203.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 101.50 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 101.50 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 101.50 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 101.50 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 101.50 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 101.50 32.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 101.50 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 101.50 39.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 101.50 5.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 101.50 92.00 -45.00 re f /GS0 gs BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43.9 710.7333984375 m 72.0396484375 710.7333984375 l s q 0 0 1 rg BT 43.90 712.07 Td (10.16+) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 709.8333984375 m 279.8701171875 709.8333984375 l s q 0 0 1 rg BT 88.00 711.17 Td (Zag Services & Maintenance ) Tj ET Q q 0 0 1 rg BT 206.29 711.17 Td (Agreement, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 699.8333984375 m 246.5693359375 699.8333984375 l s q 0 0 1 rg BT 88.00 701.17 Td (February 13, 2007, by and between the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 689.8333984375 m 264.357421875 689.8333984375 l s q 0 0 1 rg BT 88.00 691.17 Td (Registrant and United Services ) Tj ET Q q 0 0 1 rg BT 214.08 691.17 Td (Automobile ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 679.8333984375 m 266.0224609375 679.8333984375 l s q 0 0 1 rg BT 88.00 681.17 Td (Association, as amended by ) Tj ET Q q 0 0 1 rg BT 201.59 681.17 Td (Amendment #1 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 669.8333984375 m 285.4560546875 669.8333984375 l s q 0 0 1 rg BT 88.00 671.17 Td (dated September 22, 2008, ) Tj ET Q q 0 0 1 rg BT 196.87 671.17 Td (Amendment #2 dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 659.8333984375 m 272.697265625 659.8333984375 l s q 0 0 1 rg BT 88.00 661.17 Td (May 12, 2009, ) Tj ET Q q 0 0 1 rg BT 148.28 661.17 Td (Amendment #4 dated June 25, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 649.8333984375 m 275.744140625 649.8333984375 l s q 0 0 1 rg BT 88.00 651.17 Td (2010, ) Tj ET Q q 0 0 1 rg BT 112.45 651.17 Td (Amendment #5 dated October 26, 2010, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 639.8333984374999 m 283.4296875 639.8333984374999 l s q 0 0 1 rg BT 88.00 641.17 Td (Amendment #7 dated June 1, 201) Tj ET Q q 0 0 1 rg BT 222.05 641.17 Td (1, ) Tj ET Q q 0 0 1 rg BT 231.50 641.17 Td (Amendment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 629.8333984374999 m 285.919921875 629.8333984374999 l s q 0 0 1 rg BT 88.00 631.17 Td (#9 dated March 13, 2012, ) Tj ET Q q 0 0 1 rg BT 192.70 631.17 Td (Amendment #1) Tj ET Q q 0 0 1 rg BT 254.26 631.17 Td (1 dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 619.8333984374999 m 277.697265625 619.8333984374999 l s q 0 0 1 rg BT 88.00 621.17 Td (May 17, 2012, ) Tj ET Q q 0 0 1 rg BT 148.28 621.17 Td (Amendment #12 dated May 17, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 609.8333984374999 m 280.744140625 609.8333984374999 l s q 0 0 1 rg BT 88.00 611.17 Td (2012, ) Tj ET Q q 0 0 1 rg BT 112.45 611.17 Td (Amendment #14 dated October 16, 2012, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 599.8333984374999 m 276.2861328125 599.8333984374999 l s q 0 0 1 rg BT 88.00 601.17 Td (Amended and Restated ) Tj ET Q q 0 0 1 rg BT 182.70 601.17 Td (Amendment #15 dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 589.8333984374999 m 265.744140625 589.8333984374999 l s q 0 0 1 rg BT 88.00 591.17 Td (November 12, 2012, ) Tj ET Q q 0 0 1 rg BT 172.16 591.17 Td (Amendment #16 dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 579.8333984374999 m 285.451171875 579.8333984374999 l s q 0 0 1 rg BT 88.00 581.17 Td (December 12, 2012, ) Tj ET Q q 0 0 1 rg BT 171.03 581.17 Td (Amendment #17 dated May ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 569.8333984374999 m 269.6357421875 569.8333984374999 l s q 0 0 1 rg BT 88.00 571.17 Td (17, 2012, ) Tj ET Q q 0 0 1 rg BT 127.45 571.17 Td (Amendment #18 dated January 17, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 559.8333984374999 m 264.09375 559.8333984374999 l s q 0 0 1 rg BT 88.00 561.17 Td (2013, ) Tj ET Q q 0 0 1 rg BT 112.45 561.17 Td (Amendment #20 dated ) Tj ET Q q 0 0 1 rg BT 205.49 561.17 Td (April 2, 2013, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 549.8333984374999 m 240.7587890625 549.8333984374999 l s q 0 0 1 rg BT 88.00 551.17 Td (Amendment #22 dated July 22, 2013, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 539.8333984374999 m 266.8525390625 539.8333984374999 l s q 0 0 1 rg BT 88.00 541.17 Td (Amendment #23 dated September 10, 2013, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 529.8333984374999 m 252.4287109375 529.8333984374999 l s q 0 0 1 rg BT 88.00 531.17 Td (Amendment #24 dated ) Tj ET Q q 0 0 1 rg BT 181.04 531.17 Td (August 30, 2013, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 519.8333984374999 m 256.583984375 519.8333984374999 l s q 0 0 1 rg BT 88.00 521.17 Td (Amendment #26 dated ) Tj ET Q q 0 0 1 rg BT 181.04 521.17 Td (April 4, 2014, and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 509.8333984374999 m 234.9189453125 509.8333984374999 l s q 0 0 1 rg BT 88.00 511.17 Td (Amendment #27 dated May 1, 2014.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 511.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 511.17 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 511.17 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 511.17 Td (May 5, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 495.7333984375 m 71.75 495.7333984375 l s q 0 0 1 rg BT 44.25 497.07 Td (10.17#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 494.8333984374999 m 170.48046875 494.8333984374999 l s q 0 0 1 rg BT 88.00 496.17 Td (2014 Incentive Plan.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 496.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 496.17 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 496.17 Td (10.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 496.17 Td (May 5, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 480.7333984375 m 71.75 480.7333984375 l s q 0 0 1 rg BT 44.25 482.07 Td (10.18#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 479.8333984374999 m 250.734375 479.8333984374999 l s q 0 0 1 rg BT 88.00 481.17 Td (Executive Incentive Compensation Plan.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 481.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 481.17 Td (S-1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 481.17 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 481.17 Td (May 5, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 465.7333984375 m 71.75 465.7333984375 l s q 0 0 1 rg BT 44.25 467.07 Td (10.19#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 464.8333984374999 m 249.34765625 464.8333984374999 l s q 0 0 1 rg BT 88.00 466.17 Td (2015 Inducement Equity Incentive Plan.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 466.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 466.17 Td (8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 466.17 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.70 466.17 Td (December 16, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 450.7333984375 m 71.75 450.7333984375 l s q 0 0 1 rg BT 44.25 452.07 Td (10.20#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 449.8333984374999 m 279.34765625 449.8333984374999 l s q 0 0 1 rg BT 88.00 451.17 Td (2015 Inducement Equity Incentive Plan - Form ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 439.8333984374999 m 200.7587890625 439.8333984374999 l s q 0 0 1 rg BT 88.00 441.17 Td (of Stock Option ) Tj ET Q q 0 0 1 rg BT 153.83 441.17 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 441.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 441.17 Td (8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 441.17 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.70 441.17 Td (December 16, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 425.7333984375 m 71.75 425.7333984375 l s q 0 0 1 rg BT 44.25 427.07 Td (10.21#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 424.8333984374999 m 256.8232421875 424.8333984374999 l s q 0 0 1 rg BT 88.00 426.17 Td (Separation ) Tj ET Q q 0 0 1 rg BT 132.71 426.17 Td (Agreement and Release, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 414.8333984374999 m 252.677734375 414.8333984374999 l s q 0 0 1 rg BT 88.00 416.17 Td (November20, 2015, by and between the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 404.8333984374999 m 201.8720703125 404.8333984374999 l s q 0 0 1 rg BT 88.00 406.17 Td (Registrant and Scott Painter) Tj ET Q q 0 0 1 rg BT 199.37 406.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 406.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 406.17 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 406.17 Td (10.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.20 406.17 Td (March 10, 2016) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 390.7333984375 m 71.75 390.7333984375 l s q 0 0 1 rg BT 44.25 392.07 Td (10.22#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 389.8333984374999 m 274.89453125 389.8333984374999 l s q 0 0 1 rg BT 88.00 391.17 Td (Employment ) Tj ET Q q 0 0 1 rg BT 141.61 391.17 Td (Agreement, dated November 16, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 379.8333984374999 m 275.4609375 379.8333984374999 l s q 0 0 1 rg BT 88.00 381.17 Td (2015, by and between the Registrant and Chip ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 369.8333984374999 m 111.5107421875 369.8333984374999 l s q 0 0 1 rg BT 88.00 371.17 Td (Perry) Tj ET Q q 0 0 1 rg BT 109.01 371.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 371.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 371.17 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 371.17 Td (10.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.20 371.17 Td (March 10, 2016) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 355.7333984375 m 71.75 355.7333984375 l s q 0 0 1 rg BT 44.25 357.07 Td (10.23#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 354.8333984374999 m 276.017578125 354.8333984374999 l s q 0 0 1 rg BT 88.00 356.17 Td (Employment ) Tj ET Q q 0 0 1 rg BT 141.61 356.17 Td (Agreement, dated June 30, 2015, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 344.8333984374999 m 257.658203125 344.8333984374999 l s q 0 0 1 rg BT 88.00 346.17 Td (by and between the Registrant and Neeraj ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 334.8333984374999 m 128.2685546875 334.8333984374999 l s q 0 0 1 rg BT 88.00 336.17 Td (Gunsagar) Tj ET Q q 0 0 1 rg BT 125.77 336.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 336.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 336.17 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 336.17 Td (10.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 336.17 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 320.7333984375 m 71.75 320.7333984375 l s q 0 0 1 rg BT 44.25 322.07 Td (10.24#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 319.8333984374999 m 268.7861328125 319.8333984374999 l s q 0 0 1 rg BT 88.00 321.17 Td (Employment ) Tj ET Q q 0 0 1 rg BT 141.61 321.17 Td (Agreement, dated February 16, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 309.8333984374999 m 278.2294921875 309.8333984374999 l s q 0 0 1 rg BT 88.00 311.17 Td (2016, by and between the Registrant and Brian ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 299.8333984374999 m 116.056640625 299.8333984374999 l s q 0 0 1 rg BT 88.00 301.17 Td (Skutta.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 301.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 301.17 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 301.17 Td (10.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 301.17 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 285.7333984375 m 71.75 285.7333984375 l s q 0 0 1 rg BT 44.25 287.07 Td (10.25#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 284.8333984374999 m 277.3994140625 284.8333984374999 l s q 0 0 1 rg BT 88.00 286.17 Td (Amendment to Employment ) Tj ET Q q 0 0 1 rg BT 203.82 286.17 Td (Agreement, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 274.8333984374999 m 246.5693359375 274.8333984374999 l s q 0 0 1 rg BT 88.00 276.17 Td (February 16, 2016, by and between the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 264.8333984374999 m 201.3154296875 264.8333984374999 l s q 0 0 1 rg BT 88.00 266.17 Td (Registrant and Brian Skutta.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 231.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.70 231.17 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.25 231.17 Td (10.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 231.17 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 44.25 215.7333984375 m 71.75 215.7333984375 l s q 0 0 1 rg BT 44.25 217.07 Td (10.27#) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 214.8333984374999 m 281.02734375 214.8333984374999 l s q 0 0 1 rg BT 88.00 216.17 Td (Employment ) Tj ET Q q 0 0 1 rg BT 141.61 216.17 Td (Agreement, dated ) Tj ET Q q 0 0 1 rg BT 214.64 216.17 Td (August 3, 2017, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 204.8333984374999 m 263.7763671875 204.8333984374999 l s q 0 0 1 rg BT 88.00 206.17 Td (by and between the Registrant and Michael ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 194.8333984374999 m 121.046875 194.8333984374999 l s q 0 0 1 rg BT 88.00 196.17 Td (Guthrie.) 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/GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.25 709.7333984375 m 66.75 709.7333984375 l s q 0 0 1 rg BT 49.25 711.07 Td (31.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 708.8333984374999 m 276.0859375 708.8333984374999 l s q 0 0 1 rg BT 88.00 710.17 Td (Certification of the Principal Financial Of) Tj ET Q q 0 0 1 rg BT 255.27 710.17 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 698.8333984374999 m 277.6728515625 698.8333984374999 l s q 0 0 1 rg BT 88.00 700.17 Td (Pursuant to Exchange ) Tj ET Q q 0 0 1 rg BT 177.15 700.17 Td (Act Rules 13a-14\(a\) and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 688.8333984374999 m 285.4560546875 688.8333984374999 l s q 0 0 1 rg BT 88.00 690.17 Td (15d-14\(a\), as adopted pursuant to Section 302 of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 678.8333984374999 m 218.80078125 678.8333984374999 l s q 0 0 1 rg BT 88.00 680.17 Td (the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 168.53 680.17 Td (Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.35 680.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.25 664.7333984375 m 66.75 664.7333984375 l s q 0 0 1 rg BT 49.25 666.07 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 663.8333984374999 m 278.8544921875 663.8333984374999 l s q 0 0 1 rg BT 88.00 665.17 Td (Certification of the Principal Executive Of) Tj ET Q q 0 0 1 rg BT 258.04 665.17 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 653.8333984374999 m 274.71875 653.8333984374999 l s q 0 0 1 rg BT 88.00 655.17 Td (and Principal Financial Of) Tj ET Q q 0 0 1 rg BT 193.63 655.17 Td (ficer Pursuant to 18 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 643.8333984374999 m 267.150390625 643.8333984374999 l s q 0 0 1 rg BT 88.00 645.17 Td (U.S.C. Section 1350, as adopted pursuant to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 88 633.8333984374999 m 279.6259765625 633.8333984374999 l s q 0 0 1 rg BT 88.00 635.17 Td (Section 906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 229.36 635.17 Td (Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.35 635.17 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 41.15 621.07 Td (101.INS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 620.17 Td (XBRL) Tj ET Q q 0 0 0 rg BT 114.48 620.17 Td ( Instance Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.50 606.07 Td (101.SCH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 605.17 Td (XBRL) Tj ET Q q 0 0 0 rg BT 114.48 605.17 Td ( ) Tj ET Q q 0 0 0 rg BT 116.71 605.17 Td (T) Tj ET Q q 0 0 0 rg BT 122.38 605.17 Td (axonomy Extension Schema Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.40 591.07 Td (101.CAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 590.17 Td (XBRL) Tj ET Q q 0 0 0 rg BT 114.48 590.17 Td ( ) Tj ET Q q 0 0 0 rg BT 116.71 590.17 Td (T) Tj ET Q q 0 0 0 rg BT 122.38 590.17 Td (axonomy Extension Calculation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 580.17 Td (Linkbase Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.80 566.07 Td (101.DEF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 565.17 Td (XBRL) Tj ET Q q 0 0 0 rg BT 114.48 565.17 Td ( ) Tj ET Q q 0 0 0 rg BT 116.71 565.17 Td (T) Tj ET Q q 0 0 0 rg BT 122.38 565.17 Td (axonomy Extension Definition Linkbase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 555.17 Td (Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.25 541.07 Td (101.LAB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 540.17 Td (XBRL) Tj ET Q q 0 0 0 rg BT 114.48 540.17 Td ( ) Tj ET Q q 0 0 0 rg BT 116.71 540.17 Td (T) Tj ET Q q 0 0 0 rg BT 122.38 540.17 Td (axonomy Extension Label Linkbase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 530.17 Td (Document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.05 516.07 Td (101.PRE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 515.17 Td (XBRL) Tj ET Q q 0 0 0 rg BT 114.30 515.17 Td ( ) Tj ET Q q 0 0 0 rg BT 116.62 515.17 Td (T) Tj ET Q q 0 0 0 rg BT 122.03 515.17 Td (axonomy Extension Presentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 505.17 Td (Linkbase Document.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 487.5 m 242.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 485.5 m 242.5 485.5 l s BT /F1 10.00 Tf ET BT /F1 3.00 Tf ET q 0 0 0 rg BT 36.00 482.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 470.00 Td (# Indicates a management contract or compensatory plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.00 Td (+ Portions of this exhibit have been granted confidential treatment by the Securities and Exchange Commission.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.00 679.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 679.32 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.70 678.42 Td (/s/ Chip Perry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.00 664.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 664.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 664.32 Td (Chip Perry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.00 650.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 650.32 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 331.55 650.31 Td (Pr) Tj ET Q q 0 0 0 rg BT 341.18 650.31 Td (esident and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 99.00 640.25 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 250.4 626.68505859375 m 361.70859375 626.68505859375 l s q 0 0 0 rg BT 250.40 628.25 Td (POWER OF) Tj ET Q q 0 0 0 rg BT 304.19 628.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.14 628.25 Td (A) Tj ET Q q 0 0 0 rg BT 312.62 628.25 Td (TT) Tj ET Q q 0 0 0 rg BT 325.78 628.25 Td (ORNEY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.25 Td (KNOW) Tj ET Q q 0 0 0 rg BT 66.92 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 68.87 610.25 Td (ALL) Tj ET Q q 0 0 0 rg BT 87.94 610.25 Td ( PERSONS BY) Tj ET Q q 0 0 0 rg BT 150.37 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.68 610.25 Td (THESE PRESENTS, that each person whose signature appears below constitutes and appoints John ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (Pierantoni and Jef) Tj ET Q q 0 0 0 rg BT 108.02 598.25 Td (f Swart, jointly and severally) Tj ET Q q 0 0 0 rg BT 223.18 598.25 Td (, as his true and lawful attorney-in-fact and agent, with full power of substitution and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.25 Td (resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any amendments to this ) Tj ET Q q 0 0 0 rg BT 541.15 586.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.25 Td (Report on Form10-K and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.25 Td (Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.25 Td (or cause to be done by virtue hereof.) 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Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (management, as well as evaluating the overall presentation of the consolidated financial statements. Our audit of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (weakness exists, and testing and evaluating the design and operating ef) Tj ET Q q 0 0 0 rg BT 319.91 281.25 Td (fectiveness of internal control based on the assessed risk. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 692.27 Td (/s/ PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 662.27 Td (Los ) Tj ET Q q 0 0 0 rg BT 56.22 662.27 Td (Angeles, California) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 647.27 Td (February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 619.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 619.10 Td (e have served as the Company) Tj ET Q q 0 0 0 rg BT 204.76 619.10 Td (s auditor since 2009.) 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 677.75 m 576.5 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 677.75 m 507.5 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 664.75 m 507.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 677.75 m 511.5 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 677.75 m 576.5 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 664.75 m 576.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 664.75 m 507.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 664.75 m 576.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 569.75 m 507.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 569.75 m 576.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 569.75 m 507.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 569.75 m 576.5 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 499.75 m 507.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 499.75 m 576.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 499.75 m 507.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 486.75 m 507.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 484.75 m 507.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 499.75 m 576.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 486.75 m 576.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 484.75 m 576.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 484.75 m 507.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 486.75 m 507.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 484.75 m 576.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 486.75 m 576.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 395.75 m 507.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 395.75 m 576.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 395.75 m 507.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 395.75 m 576.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 339.75 m 507.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 339.75 m 576.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 339.75 m 507.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 325.75 m 507.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 339.75 m 576.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 325.75 m 576.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 212.75 m 507.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 212.75 m 576.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 212.75 m 507.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 198.75 m 507.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 212.75 m 576.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 198.75 m 576.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 198.75 m 507.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 185.75 m 507.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 183.75 m 507.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 198.75 m 576.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 185.75 m 576.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 183.75 m 576.5 183.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 681.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.75 681.98 Td (December) Tj ET Q q 0 0 0 rg BT 520.32 681.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 668.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 668.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 668.98 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 654.20 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 654.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 654.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 639.21 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 639.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 639.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 625.21 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 625.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 625.21 Td (197,762) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 625.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 625.21 Td (107,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 611.21 Td (Accounts receivable, net of allowances of $3,030 and $2,600 at December31, 2017 and2016, respectively) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 602.21 Td (\(includes related party receivables of $169 and $393 at December31, 2017 and 2016, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 602.21 Td (39,169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 602.21 Td (36,867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 588.21 Td (Prepaid expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 588.21 Td (5,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 588.21 Td (6,044) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 574.21 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 574.21 Td (1,145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 574.21 Td (2,278) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 560.21 Td (T) Tj ET Q q 0 0 0 rg BT 56.18 560.21 Td (otal current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 560.21 Td (243,551) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 560.21 Td (152,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 546.21 Td (Property and equipment, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 546.21 Td (70,710) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 546.21 Td (66,941) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 532.21 Td (Goodwill) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 532.21 Td (53,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 532.21 Td (53,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 518.21 Td (Intangible assets, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 518.21 Td (15,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 518.21 Td (19,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 504.21 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 504.21 Td (1,391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 504.21 Td (1,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 490.21 Td (T) Tj ET Q q 0 0 0 rg BT 56.18 490.21 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 490.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 490.21 Td (384,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 490.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 490.21 Td (294,448) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 475.20 Td (Liabilities and Stockholders) Tj ET Q q 0 0 0 rg BT 149.18 475.20 Td ( Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 475.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 475.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 460.21 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 460.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 460.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 446.21 Td (Accounts payable \(includes related party payables of $3,200 and $2,925 at December 31, 2017 and 2016,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 437.21 Td (respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 437.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 437.21 Td (18,620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 437.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 437.21 Td (13,827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 423.21 Td (Accrued employee expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 423.21 Td (6,568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 423.21 Td (8,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 409.21 Td (Accrued expenses and other current liabilities \(includes related party accrued expenses of $52 and $992 at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 400.21 Td (December 31, 2017 and 2016, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 400.21 Td (12,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 400.21 Td (12,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 386.21 Td (T) Tj ET Q q 0 0 0 rg BT 56.18 386.21 Td (otal current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 386.21 Td (37,978) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 386.21 Td (35,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 372.21 Td (Deferred tax liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 372.21 Td (812) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 372.21 Td (2,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 358.21 Td (Lease financing obligation, net of current portion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 358.21 Td (29,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 358.21 Td (28,833) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 344.21 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 344.21 Td (3,797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 344.21 Td (2,679) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 330.21 Td (T) Tj ET Q q 0 0 0 rg BT 56.18 330.21 Td (otal liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 330.21 Td (71,716) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 330.21 Td (69,867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 315.21 Td (Commitments and contingencies \(Note6\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 300.20 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 91.33 300.20 Td ( Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 300.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 286.21 Td (Preferred stock $0.0001 par value; 20,000,000 shares authorized at December 31, 2017 and 2016,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 277.21 Td (respectively; no shares issued and outstanding at December 31, 2017 and 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 277.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 277.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 263.21 Td (Common stock $0.0001 par value; 1,000,000,000 shares authorized at December31, 2017 and 2016,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 254.21 Td (respectively; 100,428,656 and 86,159,527 shares issued and outstanding at December31, 2017 and 2016,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 245.21 Td (respectively) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 245.21 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 245.21 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 231.21 Td (Additional paid-in capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 231.21 Td (664,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 231.21 Td (542,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 217.21 Td (Accumulated deficit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 217.21 Td (\(351,084) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 217.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.75 217.21 Td (\(318,235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 217.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 203.21 Td (T) Tj ET Q q 0 0 0 rg BT 56.18 203.21 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 119.77 203.21 Td ( equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 203.21 Td (313,1) Tj ET Q q 0 0 0 rg BT 495.00 203.21 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 203.21 Td (224,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 189.21 Td (T) Tj ET Q q 0 0 0 rg BT 55.87 189.21 Td (otal liabilities and stockholders) Tj ET Q q 0 0 0 rg BT 170.43 189.21 Td ( equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 189.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 189.21 Td (384,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 189.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 189.21 Td (294,448) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 173.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.30 161.25 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 749.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 749.25 Td (,Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.20 734.25 Td (Consolidated Statements of Compr) Tj ET Q q 0 0 0 rg BT 351.74 734.25 Td (ehensive Loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.80 719.25 Td (\(in thousands except per) Tj ET Q q 0 0 0 rg BT 332.79 719.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 354.01 719.25 Td (e data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 669.75 337.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 669.75 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 669.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 669.75 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 669.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 669.75 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 631.75 337.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 631.75 65.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 631.75 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 631.75 65.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 631.75 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 631.75 65.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 573.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 573.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 573.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 573.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 573.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 573.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 545.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 545.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 545.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 545.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 515.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 515.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 515.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 515.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 515.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 515.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 485.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 485.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 485.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 485.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 485.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 485.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 455.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 455.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 455.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 455.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 455.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 455.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 425.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 425.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 425.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 425.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 395.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 395.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 395.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 395.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 365.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 365.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 365.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 365.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 681.75 m 438.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.75 m 442.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 681.75 m 507.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 681.75 m 511.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 681.75 m 576.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 681.75 m 438.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 669.75 m 438.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.75 m 442.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 681.75 m 507.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 669.75 m 507.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 681.75 m 576.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 669.75 m 576.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 669.75 m 438.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 669.75 m 507.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 669.75 m 576.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.75 m 438.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 530.75 m 507.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 530.75 m 576.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.75 m 438.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 515.75 m 438.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 530.75 m 507.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 515.75 m 507.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 530.75 m 576.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 515.75 m 576.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 515.75 m 438.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 515.75 m 507.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 515.75 m 576.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 455.75 m 438.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 455.75 m 507.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 455.75 m 576.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 455.75 m 438.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 455.75 m 507.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 455.75 m 576.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 425.75 m 438.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 425.75 m 507.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 425.75 m 576.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 425.75 m 438.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 411.75 m 438.5 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 409.75 m 438.5 409.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 425.75 m 507.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 411.75 m 507.5 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 409.75 m 507.5 409.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 425.75 m 576.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 411.75 m 576.5 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 409.75 m 576.5 409.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 396.75 m 438.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 394.75 m 438.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 396.75 m 507.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 394.75 m 507.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 396.75 m 576.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 394.75 m 576.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 381.75 m 438.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 379.75 m 438.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 394.75 m 507.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 396.75 m 507.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 381.75 m 507.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 379.75 m 507.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 394.75 m 576.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 396.75 m 576.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 381.75 m 576.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 379.75 m 576.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 379.75 m 438.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 381.75 m 438.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 379.75 m 507.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 381.75 m 507.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 379.75 m 576.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 381.75 m 576.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 365.75 m 438.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 351.75 m 438.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 349.75 m 438.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 365.75 m 507.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 351.75 m 507.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 349.75 m 507.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 365.75 m 576.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 351.75 m 576.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 349.75 m 576.5 349.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 697.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 697.83 Td (Y) Tj ET Q q 0 0 0 rg BT 459.78 697.83 Td (ear) Tj ET Q q 0 0 0 rg BT 470.37 697.83 Td (Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 685.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 685.83 Td (December) Tj ET Q q 0 0 0 rg BT 485.82 685.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 673.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 673.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 673.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 673.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 650.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 650.42 Td (323,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 650.42 Td (277,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 650.42 Td (259,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 636.32 Td (Costs and operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 636.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 636.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 636.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 612.42 Td (Cost of revenue \(exclusive of depreciation and amortization presented) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 602.42 Td (separately below\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 602.42 Td (28,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 602.42 Td (25,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 602.42 Td (23,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 588.32 Td (Sales and marketing \(includes related party expenses of $16,531, $13,910, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 578.32 Td ($20,852, for the years ended December 31, 2017, 2016, and 2015, respectively\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 578.42 Td (185,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 578.42 Td (154,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 578.42 Td (151,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 564.32 Td (T) Tj ET Q q 0 0 0 rg BT 53.76 564.32 Td (echnology and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 564.32 Td (59,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 564.32 Td (53,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 564.32 Td (48,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 550.32 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 550.32 Td (61,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 550.32 Td (59,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 550.32 Td (83,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 535.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 535.42 Td (22,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 535.42 Td (23,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 535.42 Td (17,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 520.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 520.42 Td (otal costs and operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 520.42 Td (356,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 520.42 Td (316,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 520.42 Td (323,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 505.42 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 505.47 Td (\(33,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 505.47 Td (\(38,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 505.42 Td (\(63,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 490.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 490.42 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 490.42 Td (376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 490.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 475.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 475.47 Td (\(2,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 475.47 Td (\(2,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 475.42 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 460.42 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 460.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 460.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 460.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 445.42 Td (Loss before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 445.47 Td (\(35,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 445.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 445.47 Td (\(41,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 445.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 445.42 Td (\(64,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 445.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 430.42 Td (\(Benefit from\) / provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 430.47 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 430.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 430.42 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 430.42 Td (606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 415.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 415.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 415.47 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 415.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 415.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 415.47 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 415.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 415.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 415.42 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 567.63 415.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 415.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 400.42 Td (Net loss per share, basic and diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 400.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 400.47 Td (\(0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 400.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 400.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 400.47 Td (\(0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 400.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 400.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 400.42 Td (\(0.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 400.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 385.42 Td (W) Tj ET Q q 0 0 0 rg BT 48.04 385.42 Td (eighted average common shares outstanding, basic and diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 385.42 Td (94,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 385.42 Td (84,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 385.42 Td (81,914) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 370.43 Td (Other) Tj ET Q q 0 0 0 rg BT 64.37 370.43 Td ( compr) Tj ET Q q 0 0 0 rg BT 94.45 370.43 Td (ehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.62 370.43 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 370.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 370.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 370.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 355.42 Td (Comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 355.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 355.47 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 355.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 355.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 355.47 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 355.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 355.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 355.42 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 567.63 355.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 355.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 339.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.30 327.25 Td (The accompanying notes are an integral part of these consolidated financial statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.60 734.25 Td (Consolidated Statements of Stockholders) Tj ET Q q 0 0 0 rg BT 378.91 734.25 Td ( Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.15 719.25 Td (\(in thousands except shar) Tj ET Q q 0 0 0 rg BT 345.60 719.25 Td (e data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 674.75 249.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 674.75 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 674.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 674.75 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 674.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 674.75 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 674.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 674.75 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 674.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 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554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 552.75 m 339.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 565.75 m 398.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 554.75 m 398.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 552.75 m 398.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 565.75 m 457.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 554.75 m 457.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 552.75 m 457.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 565.75 m 516.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 554.75 m 516.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 552.75 m 516.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 565.75 m 575.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 554.75 m 575.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 552.75 m 575.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 552.75 m 339.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 554.75 m 339.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 552.75 m 398.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 554.75 m 398.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 552.75 m 457.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 554.75 m 457.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 463.75 m 339.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 451.75 m 339.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 449.75 m 339.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 463.75 m 398.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 451.75 m 398.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 449.75 m 398.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 463.75 m 457.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 451.75 m 457.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 449.75 m 457.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 463.75 m 516.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 451.75 m 516.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 449.75 m 516.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 463.75 m 575.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 451.75 m 575.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 449.75 m 575.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 449.75 m 516.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 451.75 m 516.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 378.75 m 339.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 378.75 m 398.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 378.75 m 457.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 378.75 m 516.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 378.75 m 575.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 378.75 m 339.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 367.75 m 339.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 365.75 m 339.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 378.75 m 398.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 367.75 m 398.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 365.75 m 398.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 378.75 m 457.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 367.75 m 457.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 365.75 m 457.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 378.75 m 516.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 367.75 m 516.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 365.75 m 516.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 378.75 m 575.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 367.75 m 575.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 365.75 m 575.5 365.75 l s BT /F1 6.00 Tf ET q 0 0 0 rg BT 38.00 699.59 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.65 699.98 Td (CommonStock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 686.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.80 678.98 Td (deficit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 686.98 Td (Stockholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.90 678.98 Td (Equity) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 38.00 678.59 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 678.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 316.38 678.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.45 678.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.70 678.98 Td (APIC) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 666.15 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 119.39 666.15 Td ( 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 666.01 Td (79,81) Tj ET Q q 0 0 0 rg BT 315.75 666.01 Td (1,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 666.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 666.01 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.00 666.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 666.01 Td (460,179) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 666.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 666.01 Td (\(210,989) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 666.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 666.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 666.01 Td (249,198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 654.01 Td (Net loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 654.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 654.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 654.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 654.01 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 508.50 654.01 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 654.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.25 654.01 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 567.50 654.01 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 654.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 642.01 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 642.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 642.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 642.01 Td (43,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 642.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.25 642.01 Td (43,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 629.21 Td (Repurchase of common stock awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 629.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 629.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 629.21 Td (\(100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 629.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 629.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.50 629.21 Td (\(100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 629.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 616.01 Td (Issuance of warrants and change in fair value of unvested warrants) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 607.01 Td (related to marketing agreements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 608.21 Td (\(803) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 608.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.50 608.21 Td (\(803) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 608.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 594.21 Td (Net exercise of warrants to purchase common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.75 594.21 Td (959,676) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 579.21 Td (Shares issued in connection with employee stock plans, net of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 570.21 Td (shares withheld for employee taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 570.21 Td (2,245,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 570.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 570.21 Td (5,420) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 570.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.75 570.21 Td (5,420) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 557.15 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 119.39 557.15 Td ( 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 557.01 Td (83,016,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 557.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 557.01 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.00 557.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 557.01 Td (508,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 557.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 557.01 Td (\(275,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 557.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 557.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 557.01 Td (232,692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 544.21 Td (Cumulative-ef) Tj ET Q q 0 0 0 rg BT 89.90 544.21 Td (fect of accounting change adopted as of January 1,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 535.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 535.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 535.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 535.21 Td (627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 535.21 Td (\(627) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 535.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 535.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 522.01 Td (Net loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 522.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 522.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 522.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 522.01 Td (\(41,708) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 522.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.25 522.01 Td (\(41,708) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 522.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 509.01 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 509.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 509.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 509.01 Td (25,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 509.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.25 509.01 Td (25,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 489.21 Td (Issuance of warrants relating to marketing agreements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 489.21 Td (46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 489.21 Td (46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 476.01 Td (Shares issued in connection with employee stock plans, net of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 467.01 Td (shares withheld for employee taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 468.21 Td (3,142,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 468.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 468.21 Td (7,799) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 468.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.75 468.21 Td (7,800) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 455.15 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 119.39 455.15 Td ( 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 455.01 Td (86,159,527) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 455.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 455.01 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.00 455.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 455.01 Td (542,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 455.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 455.01 Td (\(318,235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 455.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 455.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 455.01 Td (224,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 442.01 Td (Net loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 442.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 442.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 442.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 442.01 Td (\(32,849) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 442.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.25 442.01 Td (\(32,849) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 442.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 428.21 Td (Issuance of common stock in follow-on of) Tj ET Q q 0 0 0 rg BT 190.39 428.21 Td (fering, net of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 419.21 Td (underwriting discounts and of) Tj ET Q q 0 0 0 rg BT 145.65 419.21 Td (fering costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 419.21 Td (1,150,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 419.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 419.21 Td (17,398) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 419.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.25 419.21 Td (17,398) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 406.01 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 406.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 406.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 406.01 Td (33,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 406.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.25 406.01 Td (33,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 392.21 Td (Shares issued in connection with employee stock plans, net of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 383.21 Td (shares withheld for employee taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.50 383.21 Td (13,1) Tj ET Q q 0 0 0 rg BT 311.25 383.21 Td (19,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 383.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 383.21 Td (70,339) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 383.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.25 383.21 Td (70,340) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 370.15 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 119.31 370.15 Td ( 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 370.01 Td (100,428,656) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 370.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 370.01 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.00 370.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 370.01 Td (664,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 370.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 370.01 Td (\(351,084) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 370.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 370.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 370.01 Td (313,1) Tj ET Q q 0 0 0 rg BT 563.00 370.01 Td (18) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 352.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.30 340.25 Td (The accompanying notes are an integral part of these consolidated financial statements.) 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j 3 M 511.5 426.75 m 576.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 402.75 m 438.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 390.75 m 438.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 402.75 m 507.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 390.75 m 507.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 402.75 m 576.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 390.75 m 576.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 306.75 m 438.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 306.75 m 507.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 306.75 m 576.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 306.75 m 438.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 294.75 m 438.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 306.75 m 507.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 294.75 m 507.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 306.75 m 576.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 294.75 m 576.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 294.75 m 438.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 294.75 m 507.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 294.75 m 576.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 270.75 m 438.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 270.75 m 507.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 270.75 m 576.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 270.75 m 438.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 259.75 m 438.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 257.75 m 438.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 270.75 m 507.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 259.75 m 507.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 257.75 m 507.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 270.75 m 576.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 259.75 m 576.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 257.75 m 576.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 257.75 m 438.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 259.75 m 438.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 257.75 m 507.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 259.75 m 507.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 257.75 m 576.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 259.75 m 576.5 259.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 696.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.85 696.98 Td (For) Tj ET Q q 0 0 0 rg BT 429.22 696.98 Td (the) Tj ET Q q 0 0 0 rg BT 443.66 696.98 Td (Y) Tj ET Q q 0 0 0 rg BT 448.84 696.98 Td (ear) Tj ET Q q 0 0 0 rg BT 459.43 696.98 Td (Ended December) Tj ET Q q 0 0 0 rg BT 520.16 696.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 683.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 683.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 683.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 683.98 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 670.48 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 95.57 670.48 Td (om operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 658.37 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 658.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 658.37 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 658.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 658.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 658.37 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 658.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 658.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 658.37 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 567.63 658.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 658.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 645.42 Td (Adjustments to reconcile net loss to net cash provided by \(used in\) operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 635.42 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 635.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 635.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 635.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 621.37 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 621.37 Td (22,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 621.37 Td (23,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 621.37 Td (17,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 609.37 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 609.37 Td (\(2,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 609.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 609.37 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 609.37 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 597.37 Td (Bad debt expense and other reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 597.37 Td (1,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 597.37 Td (1,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 597.37 Td (925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 585.37 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 585.37 Td (32,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 585.37 Td (24,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 585.37 Td (42,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 573.37 Td (Common stock warrant expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 573.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 573.37 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 573.37 Td (\(803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 573.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 561.37 Td (Non-cash interest expense on lease financing obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 561.37 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 561.37 Td (396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 561.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 549.37 Td (W) Tj ET Q q 0 0 0 rg BT 54.24 549.37 Td (rite-of) Tj ET Q q 0 0 0 rg BT 78.93 549.37 Td (f and loss on disposal of fixed assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 549.37 Td (194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 549.37 Td (474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 549.37 Td (1,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 537.37 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 525.37 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 525.37 Td (\(3,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 525.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 525.37 Td (\(4,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 525.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 525.37 Td (\(5,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 525.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 513.37 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 513.37 Td (569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 513.37 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 513.37 Td (\(855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 513.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 501.37 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 501.37 Td (765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 501.37 Td (\(846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 501.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 501.37 Td (1,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 489.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 489.37 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 489.37 Td (\(613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 489.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 489.37 Td (\(458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 489.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 477.37 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 477.37 Td (4,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 477.37 Td (\(4,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 477.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 477.37 Td (5,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 465.37 Td (Accrued employee expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 465.37 Td (\(2,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 465.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 465.37 Td (1,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 465.37 Td (\(6,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 465.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 453.37 Td (Accrued expenses and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 453.37 Td (\(479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 453.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 453.37 Td (1,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 453.37 Td (\(1,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 453.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 441.37 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 441.37 Td (1,1) Tj ET Q q 0 0 0 rg BT 424.65 441.37 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 441.37 Td (1,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 441.37 Td (521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 429.37 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 429.37 Td (22,1) Tj ET Q q 0 0 0 rg BT 424.65 429.37 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 429.37 Td (2,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 429.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 550.13 429.37 Td (1,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 429.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 417.48 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 95.57 417.48 Td (om investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 405.37 Td (Purchase of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 405.37 Td (\(19,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 405.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 405.37 Td (\(16,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 405.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 405.37 Td (\(29,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 405.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 393.37 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 393.37 Td (\(19,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 393.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 393.37 Td (\(16,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 393.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 393.37 Td (\(29,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 393.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 381.48 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 95.57 381.48 Td (om financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 369.37 Td (Proceeds from public of) Tj ET Q q 0 0 0 rg BT 135.27 369.37 Td (fering, net of underwriting discounts and of) Tj ET Q q 0 0 0 rg BT 309.22 369.37 Td (fering costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 369.37 Td (17,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 369.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 369.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 357.37 Td (Repurchase of common stock option awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 357.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 357.37 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 357.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 357.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 345.37 Td (Proceeds from exercise of common stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 345.37 Td (73,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 345.37 Td (9,1) Tj ET Q q 0 0 0 rg BT 493.65 345.37 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 345.37 Td (6,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 333.37 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 333.37 Td (axes paid related to net share settlement of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 333.37 Td (\(3,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 333.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 333.37 Td (\(1,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 333.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 333.37 Td (\(908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 333.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 321.37 Td (Proceeds from financing obligation drawdown) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 321.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 321.37 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 321.37 Td (622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 309.37 Td (Payments for lease financing obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 309.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 309.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 309.37 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 309.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 297.37 Td (Net cash provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 297.37 Td (87,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 297.37 Td (9,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 297.37 Td (6,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 285.37 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 285.37 Td (90,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 285.37 Td (\(4,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 285.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 285.37 Td (\(35,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 285.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 273.37 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 273.37 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 273.37 Td (1) Tj ET Q q 0 0 0 rg BT 476.15 273.37 Td (12,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 273.37 Td (147,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 261.37 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 261.37 Td (197,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 261.37 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 261.37 Td (1) Tj ET Q q 0 0 0 rg BT 545.15 261.37 Td (12,371) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 237.48 Td (Supplemental disclosur) Tj ET Q q 0 0 0 rg BT 138.65 237.48 Td (e of cash flow information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 225.37 Td (Cash paid during the year for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 213.37 Td (Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 213.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 213.37 Td (2,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 213.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 213.37 Td (2,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 213.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 213.37 Td (617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 201.37 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 201.37 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 201.37 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 201.37 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 177.48 Td (Supplemental disclosur) Tj ET Q q 0 0 0 rg BT 138.56 177.48 Td (es of non-cash activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 165.37 Td (Stock-based compensation capitalized for software development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 165.37 Td (1,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 165.37 Td (1,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 165.37 Td (1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 153.37 Td (Recognition of leased facility asset and lease financing obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 153.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 153.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 153.37 Td (23,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 140.42 Td (Capitalized assets included in accounts payable, accrued employee expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 130.42 Td (andother accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 130.42 Td (1,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 130.42 Td (1,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 130.42 Td (1,635) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 114.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.30 102.25 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 117.060546875 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Content) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 724.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 724.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 724.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.20 703.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (1. Organization and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.29 665.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.79 665.25 Td (Natur) Tj ET Q q 0 0 0 rg BT 149.16 665.25 Td (e of Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.76 641.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 104.56 641.25 Td (,Inc. \(T) Tj ET Q q 0 0 0 rg BT 140.86 641.25 Td (rueCar\) is an Internet-based information, technology) Tj ET Q q 0 0 0 rg BT 355.13 641.25 Td (, and communication services company) Tj ET Q q 0 0 0 rg BT 512.49 641.25 Td (. Hereinafter) Tj ET Q q 0 0 0 rg BT 562.61 641.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 629.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 68.56 629.25 Td (,Inc. and its wholly owned subsidiaries ) Tj ET Q q 0 0 0 rg BT 229.19 629.25 Td (T) Tj ET Q q 0 0 0 rg BT 234.95 629.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 261.61 629.25 Td (.com,Inc. and ) Tj ET Q q 0 0 0 rg BT 320.48 629.25 Td (ALG,Inc. are collectively referred to as T) Tj ET Q q 0 0 0 rg BT 493.09 629.25 Td (rueCar or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Company; ) Tj ET Q q 0 0 0 rg BT 88.86 617.25 Td (T) Tj ET Q q 0 0 0 rg BT 94.62 617.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 121.27 617.25 Td (.com,Inc. is referred to as T) Tj ET Q q 0 0 0 rg BT 238.37 617.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 265.02 617.25 Td (.com and ) Tj ET Q q 0 0 0 rg BT 308.07 617.25 Td (ALG,Inc. is referred to as ALG. ) Tj ET Q q 0 0 0 rg BT 450.05 617.25 Td (T) Tj ET Q q 0 0 0 rg BT 455.80 617.25 Td (rueCar was incorporated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (the state of Delaware in February 2005 and began business operations in ) Tj ET Q q 0 0 0 rg BT 328.14 605.25 Td (April 2005. Its principal corporate of) Tj ET Q q 0 0 0 rg BT 475.70 605.25 Td (fices are located in Santa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (Monica, California.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.76 569.25 Td (rueCar is a digital automotive marketplace that \(i\) provides pricing transparency about what other people paid for their cars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (and enables consumers to engage with ) Tj ET Q q 0 0 0 rg BT 191.88 557.25 Td (T) Tj ET Q q 0 0 0 rg BT 197.64 557.25 Td (rueCar Certified Dealers who are committed to providing a superior purchase experience; \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (empowers Certified Dealers to attract these informed, in-market consumers in a cost-ef) Tj ET Q q 0 0 0 rg BT 384.02 545.25 Td (fective, accountable manner; and \(iii\) allows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (automobile manufacturers \(OEMs\) to more ef) Tj ET Q q 0 0 0 rg BT 228.25 533.25 Td (fectively tar) Tj ET Q q 0 0 0 rg BT 276.09 533.25 Td (get their incentive spending at deep-in-market consumers during their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (purchase process. ) Tj ET Q q 0 0 0 rg BT 108.85 521.25 Td (T) Tj ET Q q 0 0 0 rg BT 114.60 521.25 Td (rueCar has established a diverse software ecosystem on a common technology infrastructure, powered by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (proprietary data and analytics. Consumers access ) Tj ET Q q 0 0 0 rg BT 234.92 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 240.67 509.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 268.25 509.25 Td () Tj ET Q q 0 0 0 rg BT 271.03 509.25 Td (s platform through the ) Tj ET Q q 0 0 0 rg BT 362.50 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 368.26 509.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 394.91 509.25 Td (.com website and ) Tj ET Q q 0 0 0 rg BT 466.93 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 472.69 509.25 Td (rueCar mobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (applications or through the car buying websites and mobile applications that ) Tj ET Q q 0 0 0 rg BT 343.25 497.25 Td (T) Tj ET Q q 0 0 0 rg BT 349.00 497.25 Td (rueCar operates for its af) Tj ET Q q 0 0 0 rg BT 448.22 497.25 Td (finity group marketing partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (\(Auto Buying Programs\). ) Tj ET Q q 0 0 0 rg BT 148.76 485.25 Td (An af) Tj ET Q q 0 0 0 rg BT 171.07 485.25 Td (finity group is comprised of a network of members or employees that provides discounts to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (members.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (ALG provides forecasts, consulting, and other services regarding determination of the residual value of an automobile at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (future given points in time, which are used to underwrite automotive loans and leases and by financial institutions to measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (exposure and risk across loan, lease, and fleet portfolios. ) Tj ET Q q 0 0 0 rg BT 264.27 425.25 Td (ALG also obtains automobile purchase data from a variety of sources and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (uses this data to provide consumers and dealers with highly accurate, geographically specific, real-time pricing information.) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (2. Summary of Significant ) Tj ET Q q 0 0 0 rg BT 149.62 677.25 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 81.93 653.25 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 629.25 Td (s accounting and financial reporting policies conform to accounting principles generally accepted in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (States of ) Tj ET Q q 0 0 0 rg BT 72.67 617.25 Td (America \(GAAP\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 569.25 Td (The accompanying consolidated financial statements include the accounts of ) Tj ET Q q 0 0 0 rg BT 380.88 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 386.63 569.25 Td (rueCar and its wholly owned subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (Business acquisitions are included in the Company) Tj ET Q q 0 0 0 rg BT 242.64 557.25 Td (s consolidated financial statements from the date of the acquisition. ) Tj ET Q q 0 0 0 rg BT 514.32 557.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 545.25 Td (s purchase accounting resulted in all assets and liabilities of acquired businesses being recorded at their estimated fair values ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (on the acquisition dates. ) Tj ET Q q 0 0 0 rg BT 134.59 533.25 Td (All intercompany balances and transactions have been eliminated in consolidation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 485.25 Td (The preparation of consolidated financial statements in conformity with GAAP) Tj ET Q q 0 0 0 rg BT 388.49 485.25 Td ( requires management to make estimates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (assumptions that af) Tj ET Q q 0 0 0 rg BT 113.03 473.25 Td (fect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 520.02 461.25 Td (Actual results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (could dif) Tj ET Q q 0 0 0 rg BT 71.64 449.25 Td (fer from those estimates. ) Tj ET Q q 0 0 0 rg BT 172.45 449.25 Td (Assets and liabilities which are subject to judgment and use of estimates include sales allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (and allowances for doubtful accounts, the fair value of assets and liabilities assumed in business combinations, fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (capitalized facility lease, the recoverability of goodwill and long-lived assets, valuation allowances with respect to deferred tax assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (useful lives associated with property and equipment and intangible assets, lease exit liabilities, contingencies, and the valuation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (assumptions underlying stock-based compensation and other equity instruments. On an ongoing basis, the Company evaluates its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (and liabilities. In addition, the Company engaged valuation specialists to assist with management) Tj ET Q q 0 0 0 rg BT 427.59 377.25 Td (s determination of the valuation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (its capitalized facility lease, fair values of assets and liabilities assumed in business combinations, the fair value of reporting units in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (connection with annual goodwill impairment testing, and in periods prior to the Company) Tj ET Q q 0 0 0 rg BT 397.88 353.25 Td (s initial public of) Tj ET Q q 0 0 0 rg BT 465.75 353.25 Td (fering, valuation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (common stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 293.25 Td (The Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.26 293.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.70 293.25 Td ( operating segment. ) Tj ET Q q 0 0 0 rg BT 242.61 293.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 302.32 293.25 Td (s chief operating decision maker \(CODM\) is the President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 113.57 281.25 Td (ficer and the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 240.84 281.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 258.75 281.25 Td (, who manage the Company) Tj ET Q q 0 0 0 rg BT 373.45 281.25 Td (s operations based on consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (information for purposes of evaluating financial performance and allocating resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 245.25 Td (The CODM reviews financial information on a consolidated basis, accompanied by information about transaction revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (and forecasts, consulting and other revenue \(Note 13\). ) Tj ET Q q 0 0 0 rg BT 254.82 233.25 Td (All of the Company) Tj ET Q q 0 0 0 rg BT 337.31 233.25 Td (s principal operations, decision-making functions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (assets are located in the United States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 54.14 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 56.46 197.25 Td (V) Tj ET Q q 0 0 0 rg BT 62.77 197.25 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 115.63 197.25 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 173.25 Td (Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability \(an exit price\) in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (measurement date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 125.25 Td (V) Tj ET Q q 0 0 0 rg BT 78.11 125.25 Td (aluation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (unobservable inputs. ) Tj ET Q q 0 0 0 rg BT 120.71 113.25 Td (Accounting standards describe a fair value hierarchy based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.44 113.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.43 113.25 Td ( levels of inputs, of which the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.13 113.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.13 113.25 Td ( are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (considered observable and the last unobservable, that may be used to measure fair value which are the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 77.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.25 Td (Level1 Quoted prices in active markets for identical assets or liabilities or funds.) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (Level2 Inputs other than Level1 that are observable, either directly or indirectly) Tj ET Q q 0 0 0 rg BT 407.62 677.10 Td (, such as quoted prices for similar assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (observable market data for substantially the full term of the assets or liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 632.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 632.10 Td (Level3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 620.10 Td (the assets or liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 599.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 54.14 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.46 599.10 Td (V) Tj ET Q q 0 0 0 rg BT 62.77 599.10 Td (alue Methods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 575.10 Td (Fair value is based on quoted market prices, if available. If listed prices or quotes are not available, fair value is based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 563.10 Td (internally developed models that primarily use market-based or independently sourced market parameters as inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 539.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 539.10 Td (For assets and liabilities measured at fair value, the following section describes the valuation methodologies, key inputs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 527.10 Td (significant assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 503.10 Td (Cash equivalents, consisting primarily of money market instruments and debt securities represent highly liquid investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 491.10 Td (with maturities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.60 491.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.58 491.10 Td ( months or less at purchase. Generally) Tj ET Q q 0 0 0 rg BT 281.39 491.10 Td (, market prices are used to determine the fair value of money market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 479.10 Td (instruments and debt securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 455.10 Td (The carrying amounts of cash equivalents, restricted cash, accounts receivable, prepaid and other current assets, accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 443.10 Td (payable, and accrued liabilities approximate fair value because of the short maturity of these items. ) Tj ET Q q 0 0 0 rg BT 434.28 443.10 Td (The fair value of the Company) Tj ET Q q 0 0 0 rg BT 560.07 443.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 431.10 Td (revolving line of credit approximates carrying value based on the Company) Tj ET Q q 0 0 0 rg BT 340.91 431.10 Td (s current incremental borrowing rate for similar types of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 419.10 Td (borrowing arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 395.10 Td (Certain assets, including long-lived assets, goodwill and intangible assets are also subject to measurement at fair value on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 383.10 Td (non-recurring basis if they are deemed to be impaired as a result of an impairment review) Tj ET Q q 0 0 0 rg BT 393.27 383.10 Td (. For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.35 383.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.94 383.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 371.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 371.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.94 371.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 371.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.94 371.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.94 371.10 Td ( impairments were identified on those assets required to be measured at fair value on a non-recurring basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 347.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 347.10 Td (The following table summarizes the Company) Tj ET Q q 0 0 0 rg BT 260.01 347.10 Td (s assets at fair value on a recurring basis at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.28 347.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.87 347.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.31 347.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.31 347.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 335.10 Td (level within the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 178.34 335.10 Td (. ) Tj ET Q q 0 0 0 rg BT 183.16 335.10 Td (There were no liabilities measure at fair value on a recurring basis at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.99 335.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.57 335.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 323.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 323.10 Td (. ) Tj ET Q q 0 0 0 rg BT 60.82 323.10 Td (These assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 246.60 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 246.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 215.60 112.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 215.60 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 215.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 215.60 50.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 275.6 m 198.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 275.6 m 202.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 275.6 m 252.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 275.6 m 256.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 275.6 m 306.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 275.6 m 310.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 275.6 m 360.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 275.6 m 414.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 275.6 m 418.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 275.6 m 468.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 275.6 m 522.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 275.6 m 526.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 275.6 m 576.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 275.6 m 198.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 275.6 m 252.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 275.6 m 306.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 275.6 m 310.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 275.6 m 360.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 275.6 m 414.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 275.6 m 468.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 275.6 m 472.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 275.6 m 522.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 275.6 m 526.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 275.6 m 576.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 246.60000000000002 m 198.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 246.60000000000002 m 252.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 246.60000000000002 m 306.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 246.60000000000002 m 360.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 246.60000000000002 m 522.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 246.60000000000002 m 526.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 246.60000000000002 m 576.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 215.60000000000002 m 198.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 200.60000000000002 m 198.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 198.60000000000002 m 198.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 215.60000000000002 m 252.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 200.60000000000002 m 252.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 198.60000000000002 m 252.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 215.60000000000002 m 306.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 200.60000000000002 m 306.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 198.60000000000002 m 306.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 215.60000000000002 m 360.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 200.60000000000002 m 360.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 198.60000000000002 m 360.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 215.60000000000002 m 414.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 200.60000000000002 m 414.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 198.60000000000002 m 414.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 215.60000000000002 m 468.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 200.60000000000002 m 468.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 198.60000000000002 m 468.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 215.60000000000002 m 522.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 200.60000000000002 m 522.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 198.60000000000002 m 522.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 215.60000000000002 m 576.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 200.60000000000002 m 576.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 198.60000000000002 m 576.5 198.60000000000002 l s BT /F1 7.00 Tf ET q 0 0 0 rg BT 39.00 279.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 279.83 Td (At December) Tj ET Q q 0 0 0 rg BT 261.51 279.83 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.50 279.83 Td (At December) Tj ET Q q 0 0 0 rg BT 477.51 279.83 Td ( 31, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 39.00 263.65 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 173.00 264.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.95 263.83 Td (T) Tj ET Q q 0 0 0 rg BT 322.92 263.83 Td (otalFair) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 389.00 264.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.95 263.83 Td (T) Tj ET Q q 0 0 0 rg BT 538.92 263.83 Td (otalFair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.65 250.83 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.65 250.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.65 250.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.35 250.83 Td (V) Tj ET Q q 0 0 0 rg BT 330.76 250.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.65 250.83 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.65 250.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 250.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.35 250.83 Td (V) Tj ET Q q 0 0 0 rg BT 546.39 250.83 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 236.28 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 220.27 Td (Cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.10 220.27 Td (195,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.65 220.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 220.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 220.27 Td (195,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.10 220.27 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 220.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 220.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 220.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 220.27 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 204.27 Td (T) Tj ET Q q 0 0 0 rg BT 50.41 204.27 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.35 204.27 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.10 204.27 Td (195,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.65 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 204.27 Td (195,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.10 204.27 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 204.27 Td (107,721) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 188.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 176.10 Td (Concentrations of Cr) Tj ET Q q 0 0 0 rg BT 126.36 176.10 Td (edit and Business Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 152.10 Td (Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 140.10 Td (accounts receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 116.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 128.28 116.10 Td (, at times, maintains cash balances at financial institutions in excess of amounts insured by United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 104.10 Td (government agencies or payable by the United States government directly) Tj ET Q q 0 0 0 rg BT 331.09 104.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.91 104.10 Td (The Company places its cash and cash equivalents with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 92.10 Td (high credit quality financial institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 68.10 Td (Credit is extended to customers based on an evaluation of their financial condition and other factors. ) Tj ET Q q 0 0 0 rg BT 475.86 68.10 Td (The Company generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 56.10 Td (does not require collateral or other security to support accounts receivable. ) Tj ET Q q 0 0 0 rg BT 336.82 56.10 Td (The Company performs ongoing credit evaluations of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 44.10 Td (customers and maintains an allowance for doubtful accounts based on these evaluations. No single customer comprised more than ) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 24.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 24.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (10% of the Company) Tj ET Q q 0 0 0 rg BT 124.04 677.10 Td (s total revenues for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.60 677.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.18 677.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.18 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.18 677.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.62 677.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.62 677.10 Td (. No single customer comprised more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (than 10% of the Company) Tj ET Q q 0 0 0 rg BT 143.76 665.10 Td (s accounts receivable balance at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.96 665.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.55 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.00 665.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 665.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.08 665.10 Td (, one customer accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.26 653.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.59 653.10 Td ( of the accounts receivable balance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 629.10 Td (s single lar) Tj ET Q q 0 0 0 rg BT 174.86 629.10 Td (gest source of unique visitors and unit sales from af) Tj ET Q q 0 0 0 rg BT 381.02 629.10 Td (finity group marketing partners comes from its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (relationship with United Services ) Tj ET Q q 0 0 0 rg BT 171.53 617.10 Td (Automobile ) Tj ET Q q 0 0 0 rg BT 221.25 617.10 Td (Association \(USAA\), a related party \(Note12\). Changes in the Company) Tj ET Q q 0 0 0 rg BT 525.62 617.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (relationship with USAA) Tj ET Q q 0 0 0 rg BT 132.67 605.10 Td ( and its promotion and marketing of the Company) Tj ET Q q 0 0 0 rg BT 335.41 605.10 Td (s ) Tj ET Q q 0 0 0 rg BT 341.25 605.10 Td (Auto Buying Programs may have a material adverse ef) Tj ET Q q 0 0 0 rg BT 560.44 605.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (on the Company) Tj ET Q q 0 0 0 rg BT 104.88 593.10 Td (s business, financial condition, results of operations and cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 545.10 Td (The Company considers all highly liquid investments purchased with an original or remaining maturity at the date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (purchase of three months or less to be cash equivalents. ) Tj ET Q q 0 0 0 rg BT 260.11 533.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.61 533.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.19 533.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.63 533.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.63 533.10 Td (, cash and cash equivalents were comprised of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (cash held in money market funds and checking accounts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (Accounts Receivable, ) Tj ET Q q 0 0 0 rg BT 128.49 497.10 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 188.01 497.10 Td ( Doubtful ) Tj ET Q q 0 0 0 rg BT 230.80 497.10 Td (Accounts, and Sales ) Tj ET Q q 0 0 0 rg BT 317.49 497.10 Td (Allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 473.10 Td (The Company extends credit in the normal course of business to its customers and performs credit evaluations on a case-by-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (case basis. ) Tj ET Q q 0 0 0 rg BT 80.53 461.10 Td (The Company does not obtain collateral or other security related to its accounts receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 437.10 Td (Accounts receivable are recorded based on the amount due from the customer and do not bear interest. ) Tj ET Q q 0 0 0 rg BT 484.44 437.10 Td (The Company reduces ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (accounts receivable for sales allowances and allowance for doubtful accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.10 Td (The Company establishes sales allowances at the time of revenue recognition based on its history of adjustments and credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (provided to its network of dealers. Sales allowances relate primarily to credits issued where a dealer claims that an introduction was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (previously identified by the dealer from a source other than the Company) Tj ET Q q 0 0 0 rg BT 328.87 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 333.69 377.10 Td (While contractually obligated to pay the invoice, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (Company may issue a credit against the invoice to maintain overall dealer relations. In assessing the adequacy of the sales allowance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (the Company evaluates its history of adjustments and credits made through the date of the issuance of the financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (Estimated sales adjustments and credits and ultimate losses may vary from actual results which could be material to the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (statements; however) Tj ET Q q 0 0 0 rg BT 117.52 329.10 Td (, to date, actual sales allowances have been materially consistent with the Company) Tj ET Q q 0 0 0 rg BT 454.63 329.10 Td (s estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 305.10 Td (The Company determines its allowance for doubtful accounts based on its historical write-of) Tj ET Q q 0 0 0 rg BT 442.27 305.10 Td (f experience and when specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (circumstances make it likely that recovery will not occur) Tj ET Q q 0 0 0 rg BT 262.59 293.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.41 293.10 Td (The Company reviews the allowance for doubtful accounts each reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (period and assesses the aging of account balances, with an emphasis on those that are past due over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.60 281.10 Td (ninety) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.59 281.10 Td ( days. ) Tj ET Q q 0 0 0 rg BT 485.87 281.10 Td (Account balances are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (char) Tj ET Q q 0 0 0 rg BT 53.03 269.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 78.11 269.10 Td (f against the allowance when the Company determines that it is probable the receivable will not be recovered. ) Tj ET Q q 0 0 0 rg BT 519.16 269.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (Company does not have any of) Tj ET Q q 0 0 0 rg BT 159.96 257.10 Td (f-balance sheet credit exposure related to its customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 233.10 Td (The following table summarizes the changes in the allowance for doubtful accounts and sales allowances \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 186.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 186.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 186.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 186.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 186.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 186.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 158.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 158.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 158.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 158.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 158.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 158.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 130.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 130.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 130.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 130.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 130.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 130.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 198.60000000000002 m 438.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 198.60000000000002 m 442.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 198.60000000000002 m 507.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 198.60000000000002 m 511.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 198.60000000000002 m 576.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 186.60000000000002 m 438.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 186.60000000000002 m 507.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 186.60000000000002 m 576.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 186.60000000000002 m 438.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 186.60000000000002 m 507.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 186.60000000000002 m 576.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 130.60000000000002 m 438.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 130.60000000000002 m 507.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 130.60000000000002 m 576.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 130.60000000000002 m 438.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 117.60000000000002 m 438.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 115.60000000000002 m 438.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 130.60000000000002 m 507.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 117.60000000000002 m 507.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 115.60000000000002 m 507.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 130.60000000000002 m 576.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 117.60000000000002 m 576.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 115.60000000000002 m 576.5 115.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 202.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 202.68 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 202.68 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 202.68 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 202.68 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 190.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 190.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 190.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 190.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 177.17 Td (Allowances, at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 177.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 177.17 Td (2,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 177.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 177.17 Td (2,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 177.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 177.17 Td (2,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 163.17 Td (Char) Tj ET Q q 0 0 0 rg BT 58.35 163.17 Td (ged as a reduction of revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 163.17 Td (7,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 163.17 Td (7,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 163.17 Td (6,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 149.17 Td (Char) Tj ET Q q 0 0 0 rg BT 58.35 149.17 Td (ged to bad debt expense in general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 149.17 Td (1,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 149.17 Td (1,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 149.17 Td (925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 135.17 Td (W) Tj ET Q q 0 0 0 rg BT 48.24 135.17 Td (rite-of) Tj ET Q q 0 0 0 rg BT 72.93 135.17 Td (fs, net of recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 135.22 Td (\(8,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 135.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 135.22 Td (\(8,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 135.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 135.17 Td (\(6,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 135.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 121.17 Td (Allowances, at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 121.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 121.17 Td (3,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 121.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 121.17 Td (2,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 121.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 121.17 Td (2,720) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 105.10 Td () Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 46.37 677.25 Td (operty and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 657.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 657.25 Td (Property and equipment are stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 645.25 Td (method over the estimated useful lives of the assets, which is generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.31 645.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.30 645.25 Td ( years for computer hardware and software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.89 645.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.43 645.25 Td ( years for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 633.25 Td (furniture and equipment, and over the shorter of lease term or useful life of the assets for leasehold improvements. Buildings are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 621.25 Td (depreciated over a useful life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.38 621.25 Td (forty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.82 621.25 Td ( years. Maintenance and repairs are expensed as incurred. ) Tj ET Q q 0 0 0 rg BT 417.58 621.25 Td (When assets are retired or otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 609.25 Td (disposed of, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 597.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 92.38 597.25 Td (s results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 573.25 Td (Build-to-Suit Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 549.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 549.25 Td (The Company establishes assets and liabilities for the fair value of the building and estimated construction costsincurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 537.25 Td (under lease arrangements when it is considered the owner \(for accounting purposes only\), or build-to-suit leases, to the extent it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 525.25 Td (involved in the construction of structural improvements or takes on construction risk. Upon completion of construction of facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 513.25 Td (under build-to-suit leases, the Company assesses whether these arrangements qualify for sales recognition under the sale-leaseback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 501.25 Td (accounting guidance, and if so, the leased facility and lease financing obligation are removed from the balance sheet. If the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 489.25 Td (does not qualify for sale-leaseback accounting, then the facilities are accounted for as financing leases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 465.25 Td (Softwar) Tj ET Q q 0 0 0 rg BT 69.70 465.25 Td (e and ) Tj ET Q q 0 0 0 rg BT 95.08 465.25 Td (W) Tj ET Q q 0 0 0 rg BT 104.53 465.25 Td (ebsite Development Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 441.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 441.25 Td (The Company accounts for the costs of computer software obtained or developed for internal use in accordance with F) Tj ET Q q 0 0 0 rg BT 545.54 441.25 Td (ASB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 429.25 Td (ASC 350, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 77.95 429.25 Td (Intangibles Goodwill and Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.40 429.25 Td (. Computer software development costs and website development costs are expensed as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 417.25 Td (incurred, except for internal use software or website development costs that qualify for capitalization as described below) Tj ET Q q 0 0 0 rg BT 517.67 417.25 Td (, and include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 405.25 Td (certain employee related expenses, including salaries, bonuses, benefits and stock-based compensation expenses; costs of computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 393.25 Td (hardware and software; and costs incurred in developing features and functionality) Tj ET Q q 0 0 0 rg BT 366.34 393.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.16 393.25 Td (These capitalized costs are included in property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 381.25 Td (and equipment on the consolidated balance sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 363.25 Td (The Company expenses costs incurred in the preliminary project and post implementation stages of software development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 351.25 Td (and capitalizes costs incurred in the application development stage and costs associated with significant enhancements to existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 339.25 Td (internal use software applications.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 321.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 321.25 Td (Software costs are amortized using the straight-line method over an estimated useful life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.11 321.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.09 321.25 Td ( years commencing when the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 309.25 Td (software project is ready for its intended use.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 291.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 291.25 Td (Costs incurred related to less significant modifications and enhancements as well as maintenance are expensed as incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 273.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 273.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 273.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.52 273.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.52 273.25 Td (, capitalized software costs were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.69 273.25 Td ($71.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.58 273.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.02 273.25 Td ($55.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.91 273.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 514.57 273.25 Td (, before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 261.25 Td (accumulated amortization of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.89 261.25 Td ($48.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.79 261.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.22 261.25 Td ($35.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.12 261.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 332.78 261.25 Td (. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.30 261.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.88 261.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.32 261.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.32 261.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 249.25 Td (Company wrote of) Tj ET Q q 0 0 0 rg BT 110.80 249.25 Td (f capitalized software costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.70 249.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.59 249.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.03 249.25 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.92 249.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 402.58 249.25 Td (, relating to the Company) Tj ET Q q 0 0 0 rg BT 507.28 249.25 Td (s decision to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 237.25 Td (abandon additional development activities relating to specific software projects. ) Tj ET Q q 0 0 0 rg BT 357.56 237.25 Td (As these capitalized assets had never been placed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 225.25 Td (service, the write-of) Tj ET Q q 0 0 0 rg BT 116.06 225.25 Td (f was recorded in technology and development expense and there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.90 225.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.90 225.25 Td ( accumulated amortization and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.40 225.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.40 225.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 213.25 Td (acceleration of amortization. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.69 213.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.27 213.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.71 213.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.71 213.25 Td (, the Company recorded accelerated amortization of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 201.25 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 201.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.33 201.25 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.22 201.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 205.88 201.25 Td (, related to software assets that were determined to have shortened useful lives due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 189.25 Td (upgrades to the Company) Tj ET Q q 0 0 0 rg BT 141.26 189.25 Td (s technology infrastructure. ) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (Expected amortization expense with respect to capitalized software costs at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.77 677.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.35 677.10 Td ( for each of the five years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (through December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.19 665.10 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 665.10 Td ( is as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 628.60 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 628.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 600.60 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 600.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 572.60 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 572.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 628.6 m 511.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 628.6 m 511.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 558.6 m 576.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 558.6 m 576.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 545.6 m 576.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 543.6 m 576.5 543.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 632.83 Td (Y) Tj ET Q q 0 0 0 rg BT 43.89 632.83 Td (ears ended December) Tj ET Q q 0 0 0 rg BT 117.05 632.83 Td ( 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 633.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 619.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 619.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 619.17 Td (1) Tj ET Q q 0 0 0 rg BT 550.15 619.17 Td (1,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 605.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 605.17 Td (6,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 591.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 591.17 Td (3,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 577.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 577.17 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 563.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 563.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 549.17 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 549.17 Td (otal amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 549.17 Td (22,353) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 533.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 81.85 521.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 110.46 521.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 140.28 521.10 Td (ed in Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 497.10 Td (The Company performs valuations of assets acquired and liabilities assumed on each acquisition accounted for as a business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (combination, and allocates the purchase price to the tangible and intangible assets acquired and liabilities assumed based on its best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (estimate of fair value. ) Tj ET Q q 0 0 0 rg BT 125.13 473.10 Td (Acquired intangible assets include: trade names, customer relationships, and developed technology) Tj ET Q q 0 0 0 rg BT 520.48 473.10 Td (. ) Tj ET Q q 0 0 0 rg BT 525.30 473.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Company determines the appropriate useful life of intangible assets by performing an analysis of cash flows based on historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (experience of the acquired businesses. Intangible assets are amortized over their estimated useful lives based on the pattern in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (the economic benefits associated with the asset are expected to be consumed, which to date has approximated the straight-line method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (of amortization. ) Tj ET Q q 0 0 0 rg BT 102.19 425.10 Td (The estimated useful lives for trade names, customer relationships, and technology are generally) Tj ET Q q 0 0 0 rg BT 486.96 425.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.96 425.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.40 425.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.18 425.10 Td (fifteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.27 425.10 Td ( years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.55 413.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.33 413.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.54 413.10 Td ( years, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.08 413.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.06 413.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.84 413.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.06 413.10 Td ( years, respectively) Tj ET Q q 0 0 0 rg BT 243.32 413.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 87.96 389.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.10 Td (The Company evaluates the recoverability of its long-lived assets with finite useful lives for impairment whenever events or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (changes in circumstances indicate that the carrying amounts may not be recoverable. Such triggering events or changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (circumstances may include: a significant decrease in the market price of a long-lived asset, a significant adverse change in the extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (or manner in which a long-lived asset is being used, significant adverse change in legal factors or in the business climate, the impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (of competition or other factors that could af) Tj ET Q q 0 0 0 rg BT 210.48 317.10 Td (fect the value of a long-lived asset, a significant adverse deterioration in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (revenue or cash flows expected to be generated from an asset group, an accumulation of costs significantly in excess of the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (originally expected for the acquisition or development of a long-lived asset, current or future operating or cash flow losses that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (demonstrate continuing losses associated with the use of a long-lived asset, or a current expectation that, more likely than not, a long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (lived asset will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. ) Tj ET Q q 0 0 0 rg BT 495.72 269.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (performs impairment testing at the asset group level that represents the lowest level for which identifiable cash flows are lar) Tj ET Q q 0 0 0 rg BT 531.49 257.10 Td (gely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (independent of the cash flows of other assets and liabilities. If events or changes in circumstances indicate that the carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (an asset group may not be recoverable and the expected undiscounted future cash flows attributable to the asset group are less than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (carrying amount of the asset group, an impairment loss equal to the excess of the asset) Tj ET Q q 0 0 0 rg BT 384.24 221.10 Td (s carrying value over its fair value is recorded. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (Fair value is determined based upon estimated discounted future cash flows. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.22 209.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.80 209.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 209.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.80 209.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 197.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.41 197.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.41 197.10 Td ( impairment char) Tj ET Q q 0 0 0 rg BT 183.54 197.10 Td (ges recorded on the Company) Tj ET Q q 0 0 0 rg BT 305.73 197.10 Td (s long-lived assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.10 Td (Goodwill represents the excess of the aggregate purchase price paid over the fair value of the identifiable assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (acquired in the Company) Tj ET Q q 0 0 0 rg BT 139.58 137.10 Td (s business combinations. Goodwill is not amortized and is tested for impairment at least annually or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Events or changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (circumstances which could trigger an impairment review include a significant adverse change in business climate, an adverse action or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (assessment by a regulator) Tj ET Q q 0 0 0 rg BT 138.07 101.10 Td (, unanticipated competition, a loss of key personnel, significant changes in the manner of use of the acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (assets or the Company) Tj ET Q q 0 0 0 rg BT 129.04 89.10 Td (s overall business strategy) Tj ET Q q 0 0 0 rg BT 233.09 89.10 Td (, significant negative industry or economic trends, or significant underperformance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (relative to expected historical or projected future results of operations.) Tj ET Q endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (The Company has the option to assess goodwill for possible impairment by performing a qualitative analysis to determine if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (it is more likely than not that the fair value of a reporting unit is less than its carrying amount or perform the first step on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (impairment test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 633.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 633.10 Td (The first step involves comparing the estimated fair value of a reporting unit with its respective book value, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 621.10 Td (goodwill. If the estimated fair value exceeds book value, goodwill is considered not to be impaired and no additional steps are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 609.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 74.22 609.10 Td (. If, however) Tj ET Q q 0 0 0 rg BT 124.91 609.10 Td (, the fair value of the reporting unit is less than book value, then the second step is to compare the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 597.10 Td (amount of the goodwill to its implied fair value. ) Tj ET Q q 0 0 0 rg BT 230.23 597.10 Td (The estimate of implied fair value of goodwill may require valuations of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 585.10 Td (internally generated and unrecognized intangible assets. If the carrying amount of goodwill exceeds the implied fair value of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 573.10 Td (goodwill, an impairment loss is recognized in an amount equal to the excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 553.10 Td (The Company tests for goodwill impairment annually at December 31. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.28 553.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.87 553.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.87 553.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.87 553.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 541.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 541.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.41 541.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.41 541.10 Td ( impairment char) Tj ET Q q 0 0 0 rg BT 183.54 541.10 Td (ges recorded on goodwill. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.73 541.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.73 541.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.17 541.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.17 541.10 Td (, the Company qualitatively assessed whether it was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 529.10 Td (more likely than not that the respective fair values of its reporting units are less than their carrying amounts, including goodwill. Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 517.10 Td (on the assessment of the qualitative factors, the Company determined that it was more likely than not that the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 505.10 Td (reporting units were greater than their carrying amounts. ) Tj ET Q q 0 0 0 rg BT 263.98 505.10 Td (As such, performing the first step of the two-step impairment test was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 493.10 Td (unnecessary) Tj ET Q q 0 0 0 rg BT 84.22 493.10 Td (. In 2015, the Company conducted a quantitative goodwill assessment of its reporting units. ) Tj ET Q q 0 0 0 rg BT 452.59 493.10 Td (The fair value of the reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 481.10 Td (units exceeded their respective carrying values and accordingly) Tj ET Q q 0 0 0 rg BT 288.85 481.10 Td (, the Company concluded there was no impairment of its goodwill.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 437.10 Td (The Company recognizes revenue, net of sales allowances, when \(i\)persuasive evidence of an arrangement exists, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (\(ii\)delivery has occurred or services have been rendered, \(iii\)the fees are fixed or determinable, and \(iv\)collectability is reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (assured. Deferred revenue is recognized on the accompanying consolidated balance sheets when payments are received in advance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (the Company meeting all of the revenue recognition criteria described above. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 377.10 Td (ransaction Revenues) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (Auto Buying Pr) Tj ET Q q 0 0 0 rg BT 97.84 353.10 Td (ogram Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 329.10 Td (Revenues consist of fees paid by dealers participating in the Company) Tj ET Q q 0 0 0 rg BT 355.81 329.10 Td (s dealer network with which the Company has an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (agreement \(T) Tj ET Q q 0 0 0 rg BT 93.67 317.10 Td (rueCar Certified Dealers or Dealers\). ) Tj ET Q q 0 0 0 rg BT 257.28 317.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.04 317.10 Td (rueCar Certified Dealers pay the Company fees either on a per) Tj ET Q q 0 0 0 rg BT 512.74 317.10 Td (-vehicle basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (for sales to ) Tj ET Q q 0 0 0 rg BT 81.83 305.10 Td (Auto Buying Program users or in the form of a subscription arrangement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 281.10 Td (The Company recognizes revenue for fee arrangements based on a per) Tj ET Q q 0 0 0 rg BT 353.34 281.10 Td (-vehicle basis when the vehicle sale has occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (between the ) Tj ET Q q 0 0 0 rg BT 85.98 269.10 Td (Auto Buying Program user and the Dealer) Tj ET Q q 0 0 0 rg BT 254.28 269.10 Td (. Under the contractual terms and conditions of arrangements with its network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (of participating ) Tj ET Q q 0 0 0 rg BT 99.69 257.10 Td (T) Tj ET Q q 0 0 0 rg BT 105.44 257.10 Td (rueCar Certified Dealers, the dealer is required to pay the Company upon the sale of a vehicle to an ) Tj ET Q q 0 0 0 rg BT 504.75 257.10 Td (Auto Buying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (Program user that has been provided to the dealer by the Company) Tj ET Q q 0 0 0 rg BT 302.22 245.10 Td (. Recognition of revenue from the sale is not contingent upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (verification or acceptance of the transaction by the dealer) Tj ET Q q 0 0 0 rg BT 264.77 233.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (Upon a user deciding to proceed with the user) Tj ET Q q 0 0 0 rg BT 256.20 209.10 Td () Tj ET Q q 0 0 0 rg BT 258.98 209.10 Td (s vehicle purchase through the Company) Tj ET Q q 0 0 0 rg BT 421.35 209.10 Td (, the user provides his or her name, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (address, e-mail, and a phone number during the process of obtaining a Guaranteed Savings Certificate, which gives the Company the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (identity and source of a ) Tj ET Q q 0 0 0 rg BT 132.18 185.10 Td (T) Tj ET Q q 0 0 0 rg BT 137.93 185.10 Td (rueCar introduction provided to a specific dealer prior to an actual sale occurring. ) Tj ET Q q 0 0 0 rg BT 466.14 185.10 Td (After a sale occurs, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (Company receives information regarding the sale, including the identity of the purchaser) Tj ET Q q 0 0 0 rg BT 390.49 173.10 Td (, via the Dealer Management System used by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (the dealer that made the sale. ) Tj ET Q q 0 0 0 rg BT 154.37 161.10 Td (The Company also receives information regarding vehicle sales from a variety of data sources, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (third party car sales aggregators, car dealer networks, and other publicly available sources \(collectively) Tj ET Q q 0 0 0 rg BT 447.68 149.10 Td (, sales data\) and uses this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (sales data to further verify that a sale has occurred between an ) Tj ET Q q 0 0 0 rg BT 286.44 137.10 Td (Auto Buying Program user and a ) Tj ET Q q 0 0 0 rg BT 420.69 137.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.44 137.10 Td (rueCar Certified Dealer) Tj ET Q q 0 0 0 rg BT 520.44 137.10 Td (, as well as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (means to invoice the Dealer shortly after the completion of the sales transaction. ) Tj ET Q q 0 0 0 rg BT 359.23 125.10 Td (Actual vehicle sales data is reported on a daily basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (shortly following the date of sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 89.10 Td (The Company also recognizes revenue from dealers under subscription agreements. Subscription fee arrangements are short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (term in nature with terms ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.57 77.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.01 77.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.79 77.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.46 77.10 Td ( months and are cancellable by the dealer or the Company at any time. Subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (arrangements fall into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.24 65.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.23 65.10 Td ( types: flat rate subscriptions, subscriptions subject to downward adjustment based on a minimum number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (of vehicle sales \(guaranteed sales\), and subscriptions based on introduction volume, including those subject to downward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (adjustment based on a minimum number of introductions \(guaranteed introductions\). Under flat rate subscription arrangements, fees ) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (are char) Tj ET Q q 0 0 0 rg BT 67.73 677.10 Td (ged at a monthly flat rate regardless of the number of sales made to users of the Company) Tj ET Q q 0 0 0 rg BT 429.57 677.10 Td (s platform by the dealer) Tj ET Q q 0 0 0 rg BT 523.98 677.10 Td (. For flat ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (rate subscription arrangements, the Company recognizes the fees as revenue over the subscription period on a straight line basis which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (corresponds to the period that the Company is providing the dealer access to the ) Tj ET Q q 0 0 0 rg BT 358.14 653.10 Td (Auto Buying Program. Under guaranteed sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (subscription arrangements, fees are char) Tj ET Q q 0 0 0 rg BT 196.58 641.10 Td (ged based on the number of guaranteed sales multiplied by a fixed amount per vehicle. ) Tj ET Q q 0 0 0 rg BT 545.73 641.10 Td (T) Tj ET Q q 0 0 0 rg BT 551.14 641.10 Td (o the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (extent that the actual number of vehicles sold by the dealers to users of the Company) Tj ET Q q 0 0 0 rg BT 378.40 629.10 Td (s platform is less than the number of guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (sales, the Company provides a credit to the dealer) Tj ET Q q 0 0 0 rg BT 234.55 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.37 617.10 Td (T) Tj ET Q q 0 0 0 rg BT 244.78 617.10 Td (o the extent that the actual number of vehicles sold exceeds the number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (guaranteed sales, the Company is not entitled to any additional fees. Certain of our subscription arrangements are char) Tj ET Q q 0 0 0 rg BT 508.72 605.10 Td (ged based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (volume of introductions provided while other introduction based subscription arrangements operate under a guaranteed introduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (model. Under guaranteed introductions subscription arrangements, fees are char) Tj ET Q q 0 0 0 rg BT 355.70 581.10 Td (ged based on a periodically-updated formula that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (considers, among other things, the introductions anticipated to be provided to the dealer) Tj ET Q q 0 0 0 rg BT 386.47 569.10 Td (. ) Tj ET Q q 0 0 0 rg BT 391.29 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 396.70 569.10 Td (o the extent that the number of actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (introductions is less than the number of guaranteed introductions, the Company provides a credit to the dealer) Tj ET Q q 0 0 0 rg BT 474.50 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 479.32 557.10 Td (T) Tj ET Q q 0 0 0 rg BT 484.73 557.10 Td (o the extent that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (actual number of introductions provided exceeds the number guaranteed, the Company is not entitled to any additional fees. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (guaranteed sales and guaranteed introductions subscription arrangements, the Company recognizes revenue based on the lesser of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (\(i\)the actual number of sales generated or introductions delivered through the ) Tj ET Q q 0 0 0 rg BT 349.78 521.10 Td (Auto Buying Program during the subscription period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (multiplied by the contracted price-per) Tj ET Q q 0 0 0 rg BT 186.85 509.10 Td (-sale/introduction or \(ii\)the guaranteed number of sales or introductions multiplied by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (contracted price per sale/introduction.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (OEM Incentives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.10 Td (The Company enters into arrangements with automobile manufacturers \(OEM\) to promote the sale of their vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (through the of) Tj ET Q q 0 0 0 rg BT 92.47 437.10 Td (fering of additional consumer incentives. ) Tj ET Q q 0 0 0 rg BT 258.91 437.10 Td (These manufacturers pay a per) Tj ET Q q 0 0 0 rg BT 381.42 437.10 Td (-vehicle fee to the Company for promotion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (the incentive and the Company recognizes as revenue the per) Tj ET Q q 0 0 0 rg BT 280.42 425.10 Td (-vehicle incentive fee at the time the sale of the vehicle has occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (between the ) Tj ET Q q 0 0 0 rg BT 85.98 413.10 Td (Auto Buying Program user and the dealer) Tj ET Q q 0 0 0 rg BT 252.05 413.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (For) Tj ET Q q 0 0 0 rg BT 51.37 389.10 Td (ecasts, Consulting and Other) Tj ET Q q 0 0 0 rg BT 174.53 389.10 Td ( Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.10 Td (Revenues are generated from the sale of forecasts of lease residual value data for new and used leased automobiles, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (guidebooks, and consulting services. Sales are principally made to vehicle manufacturers, vehicle financing companies, investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (banks, automobile dealers, and insurance companies. Forecasts and consulting services customers typically prepay annually in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (form of a subscription agreement for lease residual value data and guidebooks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 305.10 Td (Forecasts and consulting services sales arrangements may include multiple deliverables, such as sale of lease residual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (forecasts from guidebooks and consulting services. For multiple deliverable revenue arrangements, the Company first assesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (whether each deliverable has value to the customer on a standalone basis and performance is considered probable and substantially in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (its control. Forecasts and consulting services can be sold either on a standalone basis or as part of multiple deliverable arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (The deliverables constitute separate units of accounting because the deliverables have standalone value to the customer and as such, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (the total arrangement consideration is allocated to each unit of accounting using the relative selling price hierarchy) Tj ET Q q 0 0 0 rg BT 494.07 245.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.89 245.10 Td (This hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (requires the selling price of each deliverable in a multiple deliverable revenue arrangement to be based on, in descending order: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (\(i\)vendor) Tj ET Q q 0 0 0 rg BT 75.51 221.10 Td (-specific objective evidence, or ) Tj ET Q q 0 0 0 rg BT 202.76 221.10 Td (VSOE, \(ii\)third-party evidence of selling price, or ) Tj ET Q q 0 0 0 rg BT 407.52 221.10 Td (TPE, or \(iii\)management) Tj ET Q q 0 0 0 rg BT 512.49 221.10 Td (s best estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (selling price, or BESP) Tj ET Q q 0 0 0 rg BT 123.77 209.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 185.10 Td (The Company cannot establish ) Tj ET Q q 0 0 0 rg BT 197.90 185.10 Td (VSOE or ) Tj ET Q q 0 0 0 rg BT 237.17 185.10 Td (TPE because the deliverables are not sold separately within a suf) Tj ET Q q 0 0 0 rg BT 496.34 185.10 Td (ficiently narrow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (price range or third party pricing for comparable services is not available; therefore, it applies judgment to determine BESP) Tj ET Q q 0 0 0 rg BT 528.90 173.10 Td (. ) Tj ET Q q 0 0 0 rg BT 533.71 173.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (objective of BESP) Tj ET Q q 0 0 0 rg BT 109.51 161.10 Td ( is to determine the price at which the Company would transact a sale if the service were sold on a stand-alone basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (The determination of BESP) Tj ET Q q 0 0 0 rg BT 146.44 149.10 Td ( requires the Company to make significant estimates and judgments and the Company considers numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (factors in this determination, including the nature of the deliverables, market conditions and the competitive landscape, internal costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (and its pricing and discounting practices. ) Tj ET Q q 0 0 0 rg BT 202.17 125.10 Td (The Company updates its estimates of BESP) Tj ET Q q 0 0 0 rg BT 380.67 125.10 Td ( on a periodic basis as events and as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (circumstances may require.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 89.10 Td (Revenue allocated to each element from the sale of lease residual value forecasts, guidebooks, and consulting services is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (recognized when the basic recognition criteria are met for each element. Sales attributed to residual value data and guidebooks are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (recognized when the data or guidebooks are delivered, and consulting services are recognized when the project is completed.) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-16) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (Lead Referral Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.10 Td (Lead referral fees revenues consist of fees earned through an online process that refers consumers to out-of-network auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (dealers for new and used vehicles when the Company is unable to identify a dealer with a vehicle in the Company) Tj ET Q q 0 0 0 rg BT 494.75 641.10 Td (s dealer network for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (which a prospective car buyer is searching. Fees are recognized at the time the lead referral is transmitted to, and accepted by) Tj ET Q q 0 0 0 rg BT 536.52 629.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (lead-buying entities and are not contingent on the sale of a vehicle. ) Tj ET Q q 0 0 0 rg BT 306.00 617.10 Td (The Company is not a party to the arrangement with, and is not the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (primary obligor to, the lead-buyer) Tj ET Q q 0 0 0 rg BT 172.16 605.10 Td () Tj ET Q q 0 0 0 rg BT 174.94 605.10 Td (s dealer; accordingly) Tj ET Q q 0 0 0 rg BT 257.59 605.10 Td (, revenue is recognized for the net fee received for the lead from the lead-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (buyer) Tj ET Q q 0 0 0 rg BT 58.22 593.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (Cost of Revenue \(exclusive of depr) Tj ET Q q 0 0 0 rg BT 182.74 569.10 Td (eciation and amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 545.10 Td (Cost of revenue includes expenses related to the fulfillment of the Company) Tj ET Q q 0 0 0 rg BT 379.42 545.10 Td (s services, consisting primarily of data costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (licensing fees paid to third party service providers and expenses related to operating the Company) Tj ET Q q 0 0 0 rg BT 430.88 533.10 Td (s website and mobile applications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (including those associated with its data centers, hosting fees, data processing costs required to deliver introductions to its network of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 509.10 Td (rueCar Certified Dealers, employee costs related to certain dealer operations, sales matching, and employee and consulting costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (related to delivering data and consulting services to the Company) Tj ET Q q 0 0 0 rg BT 300.65 497.10 Td (s customers. Cost of revenue excludes depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (of software development costs and other hosting and data infrastructure equipment used to operate the Company) Tj ET Q q 0 0 0 rg BT 488.92 485.10 Td (s platforms, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (are included in the depreciation and amortization line item on its statement of comprehensive loss.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (Sales and Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 425.10 Td (Sales and marketing expenses consist primarily of: television, digital, and radio advertising; media production costs, af) Tj ET Q q 0 0 0 rg BT 547.26 425.10 Td (finity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (group partner marketing fees, which also includes loan subvention costs where the Company pays certain af) Tj ET Q q 0 0 0 rg BT 467.91 413.10 Td (finity group marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (partners a portion of consumers) Tj ET Q q 0 0 0 rg BT 165.22 401.10 Td ( borrowing costs for car loan products of) Tj ET Q q 0 0 0 rg BT 328.05 401.10 Td (fered by these af) Tj ET Q q 0 0 0 rg BT 394.22 401.10 Td (finity group marketing partners, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (common stock warrants issued to USAA; marketing sponsorship programs; and digital customer acquisition. In addition, sales and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (marketing expenses include employee related expenses for sales, customer support, marketing and public relations employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (including salaries, bonuses, benefits, severance, and stock-based compensation expenses; third-party contractor fees; and facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (costs. Sales and marketing expenses also include costs related to common stock warrants issued to a service provider as part of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (Company's commercial arrangements with the individual.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 323.10 Td (Marketing and advertising costs promote our services and are expensed as incurred, except for media production costs which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.10 Td (are expensed the first time the advertisement is aired. Marketing and advertising expenses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.03 311.10 Td ($71.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.92 311.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.92 311.10 Td ($70.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.81 311.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 299.10 Td ($79.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.89 299.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.24 299.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.83 299.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.83 299.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.83 299.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.27 299.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.27 299.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 366.93 299.10 Td (. Prepaid expenses include prepaid media costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 287.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 287.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.33 287.10 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.22 287.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.44 287.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.02 287.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.46 287.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.46 287.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 336.12 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.57 287.10 Td (Accrued marketing and advertising expenses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.38 287.10 Td ($2.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 275.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 275.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.33 275.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.22 275.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.44 275.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.02 275.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.46 275.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.46 275.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 316.12 275.10 Td (, and were included within accrued expenses and other current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 263.10 Td (liabilities on the consolidated balance sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.75 245.10 Td (echnology and Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 221.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 221.10 Td (echnology and development expenses consist primarily of employee related expenses for technology and development staf) Tj ET Q q 0 0 0 rg BT 568.19 221.10 Td (f, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (including salaries, benefits, bonuses, severance, and stock-based compensation; the cost of certain third-party service providers; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (facilities costs. ) Tj ET Q q 0 0 0 rg BT 97.75 197.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.16 197.10 Td (echnology and development expenses are expensed as incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (General and ) Tj ET Q q 0 0 0 rg BT 91.00 173.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.10 Td (General and administrative expenses consist primarily of employee related expenses for administrative, legal, finance, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (human resource staf) Tj ET Q q 0 0 0 rg BT 116.34 137.10 Td (fs, including salaries, benefits, bonuses, severance, and stock-based compensation; professional fees; insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (premiums; other corporate expenses; lease exit char) Tj ET Q q 0 0 0 rg BT 242.96 125.10 Td (ges, and facilities costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 77.10 Td (The Company recognizes stock-based compensation expense related to employee stock options and restricted stock units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (based on the fair value of the awards on the grant date in accordance with the relevant standards. ) Tj ET Q q 0 0 0 rg BT 424.83 65.10 Td (The Company estimates the grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (date fair value of option grants, and the resulting stock-based compensation expense, using the Black-Scholes option pricing model. ) Tj ET Q endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (Stock-based compensation for employee awards is recognized on a straight-line basis over the requisite period, except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (performance-based awards which are recognized using the graded-vesting model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 645.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 645.10 Td (Compensation expense for non-employee stock-based awards is recognized in accordance with F) Tj ET Q q 0 0 0 rg BT 459.74 645.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 481.14 645.10 Td (ASC 505, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 523.09 645.10 Td (Equity ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 633.10 Td (Equity-Based Payments to Non-Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.34 633.10 Td (. Under this standard, stock option awards issued to non-employees are accounted for at fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 621.10 Td (value using the Black-Scholes option-pricing model. Management believes that the fair value of the stock options is more reliably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 609.10 Td (measured than the fair value of the services received. ) Tj ET Q q 0 0 0 rg BT 250.72 609.10 Td (The Company records compensation expense based on the then-current fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 597.10 Td (values of the stock options at each financial reporting date. Compensation recorded during the service period is adjusted in subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 585.10 Td (periods for changes in the stock options) Tj ET Q q 0 0 0 rg BT 197.45 585.10 Td ( fair value until the earlier of the date at which the non-employee) Tj ET Q q 0 0 0 rg BT 460.12 585.10 Td (s performance is complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 573.10 Td (or a performance commitment is reached, which is generally when the stock option vests.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 553.10 Td (For issuances of restricted stock units, the Company determines the fair value of the award based on the market value of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 541.10 Td (common stock at the date of grant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 517.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 69.98 517.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.73 517.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 493.10 Td (The Company accounts for income taxes under the asset and liability method. Under the asset and liability method, deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 481.10 Td (tax assets and liabilities are determined based on the dif) Tj ET Q q 0 0 0 rg BT 258.80 481.10 Td (ferences between the financial reporting and income tax bases of assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 469.10 Td (liabilities and are measured using the tax rates that will be in ef) Tj ET Q q 0 0 0 rg BT 288.51 469.10 Td (fect when the dif) Tj ET Q q 0 0 0 rg BT 355.80 469.10 Td (ferences are expected to reverse. ) Tj ET Q q 0 0 0 rg BT 487.94 469.10 Td (A) Tj ET Q q 0 0 0 rg BT 494.61 469.10 Td ( valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 457.10 Td (allowance is recorded when it is more likely than not that some of the deferred tax assets will not be realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 433.10 Td (The Company determines whether a tax position is more likely than not to be sustained upon examination based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 421.10 Td (technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 409.10 Td (financial statements is reduced by the lar) Tj ET Q q 0 0 0 rg BT 199.09 409.10 Td (gest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 397.10 Td (with the relevant tax authority) Tj ET Q q 0 0 0 rg BT 155.87 397.10 Td (. ) Tj ET Q q 0 0 0 rg BT 160.69 397.10 Td (The Company recognizes interest and penalties accrued related to unrecognized tax benefits, if any) Tj ET Q q 0 0 0 rg BT 555.99 397.10 Td (, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 385.10 Td (its income tax provision in the accompanying statements of comprehensive loss.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 361.10 Td (Compr) Tj ET Q q 0 0 0 rg BT 66.37 361.10 Td (ehensive Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 337.10 Td (Comprehensive loss encompasses all changes in equity other than those arising from transactions with stockholders and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 325.10 Td (consists of net loss. For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.36 325.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.95 325.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.95 325.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.95 325.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.38 325.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.38 325.10 Td (, the Company had no other comprehensive income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 313.10 Td (items and accordingly) Tj ET Q q 0 0 0 rg BT 123.66 313.10 Td (, net loss equaled comprehensive loss.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 289.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 67.38 289.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 129.13 289.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 265.10 Td (In January 2017, the Financial ) Tj ET Q q 0 0 0 rg BT 195.31 265.10 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 325.93 265.10 Td (ASB\) issued guidance simplifying the test for goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 253.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 86.92 253.10 Td (This standard eliminates Step 2 from the goodwill impairment test, instead requiring an entity to recognize a goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 241.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 101.63 241.10 Td (ge for the amount by which the goodwill carrying amount exceeds the reporting unit) Tj ET Q q 0 0 0 rg BT 441.81 241.10 Td (s fair value. ) Tj ET Q q 0 0 0 rg BT 491.05 241.10 Td (This guidance is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 229.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 229.10 Td (fective for interim and annual goodwill impairment tests in fiscal years beginning after December15, 2019, with early adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 217.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 79.14 217.10 Td (The adoption of this guidance is not expected to have a material impact on the Company) Tj ET Q q 0 0 0 rg BT 435.98 217.10 Td (s consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 205.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 181.10 Td (In October 2016, the F) Tj ET Q q 0 0 0 rg BT 162.07 181.10 Td (ASB issued new guidance which requires the recognition of the income tax consequences of an intra-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 169.10 Td (entity transfer of an asset, other than inventory) Tj ET Q q 0 0 0 rg BT 221.96 169.10 Td (, when the transfer occurs. ) Tj ET Q q 0 0 0 rg BT 329.79 169.10 Td (This removes the exception to postpone recognition until the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 157.10 Td (asset has been sold to an outside party) Tj ET Q q 0 0 0 rg BT 187.82 157.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.64 157.10 Td (This standard is ef) Tj ET Q q 0 0 0 rg BT 266.05 157.10 Td (fective for annual reporting periods beginning after December 15, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 145.10 Td (including interim reporting periods within those annual reporting periods, with early adoption permitted. It is required to be applied on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 133.10 Td (a modified retrospective basis through a cumulative-ef) Tj ET Q q 0 0 0 rg BT 254.08 133.10 Td (fect adjustment to the balance sheet as of the beginning of the fiscal year of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 121.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 75.81 121.10 Td (The adoption of this guidance is not expected to have a material impact on the Company) Tj ET Q q 0 0 0 rg BT 432.66 121.10 Td (s consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 109.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 97.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 165.96 97.10 Td (ASB issued guidance amending the existing accounting standards for lease accounting, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 85.10 Td (requiring lessees to recognize most leases on their balance sheets and making tar) Tj ET Q q 0 0 0 rg BT 358.49 85.10 Td (geted changes to lessor accounting. ) Tj ET Q q 0 0 0 rg BT 502.15 85.10 Td (The new guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 73.10 Td (will be ef) Tj ET Q q 0 0 0 rg BT 73.58 73.10 Td (fective for public entities for annual periods beginning after December15, 2018 and interim periods therein. Early adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 61.10 Td (is permitted. ) Tj ET Q q 0 0 0 rg BT 88.31 61.10 Td (The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into ) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (after) Tj ET Q q 0 0 0 rg BT 53.92 677.10 Td (, the date of initial application, with an option to use certain transition relief. ) Tj ET Q q 0 0 0 rg BT 361.15 677.10 Td (The Company is evaluating the methods and impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (of adopting this guidance on its consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 148.20 641.10 Td (ASB issued guidance related to revenue from contracts with customers. Under this guidance, revenue is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (to be received for those goods or services. ) Tj ET Q q 0 0 0 rg BT 206.60 617.10 Td (The updated standard will replace all existing revenue recognition guidance under GAAP) Tj ET Q q 0 0 0 rg BT 564.16 617.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (when it becomes ef) Tj ET Q q 0 0 0 rg BT 113.29 605.10 Td (fective and permits the use of either the retrospective or cumulative ef) Tj ET Q q 0 0 0 rg BT 393.27 605.10 Td (fect transition method. In ) Tj ET Q q 0 0 0 rg BT 496.30 605.10 Td (August 2015, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (F) Tj ET Q q 0 0 0 rg BT 40.82 593.10 Td (ASB deferred the ef) Tj ET Q q 0 0 0 rg BT 120.88 593.10 Td (fective date to January 1, 2018, with early adoption beginning January 1, 2017. In 2016, the F) Tj ET Q q 0 0 0 rg BT 495.34 593.10 Td (ASB issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (additional guidance to clarify the implementation guidance. ) Tj ET Q q 0 0 0 rg BT 276.85 581.10 Td (The Company will adopt this guidance beginning January 1, 2018 using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (the cumulative ef) Tj ET Q q 0 0 0 rg BT 105.23 569.10 Td (fect or modified retrospective transition method. Upon adoption, the Company will recognize the cumulative ef) Tj ET Q q 0 0 0 rg BT 559.91 569.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (of adopting this guidance as an adjustment to the opening balance of accumulated deficit. Prior periods will not be retrospectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (adjusted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 521.10 Td (As a result of adoption, the Company expects to recognize transaction revenue earlier for certain of its ) Tj ET Q q 0 0 0 rg BT 482.96 521.10 Td (Auto Buying Program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (and OEM incentives arrangements based on estimated variable consideration to be received upon the occurrence of subsequent vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (sales between the ) Tj ET Q q 0 0 0 rg BT 107.92 497.10 Td (Auto Buying Program user and the dealer) Tj ET Q q 0 0 0 rg BT 273.99 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.81 497.10 Td (The Company expects the adoption of this guidance to result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (cumulative ef) Tj ET Q q 0 0 0 rg BT 90.52 485.10 Td (fect adjustment as of January 1, 2018 to reduce accumulated deficit by approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.39 485.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.29 485.10 Td (. On an ongoing basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (the Company expects there will not be a material impact to revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.10 Td (Also as a result of adoption, the Company has also identified an impact related to the recognition of costs to obtain customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (contracts. Currently) Tj ET Q q 0 0 0 rg BT 114.77 437.10 Td (, sales commissions are expensed as incurred. Under the new revenue standard, certain sales commissions will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (deferred and recognized over a period of time. ) Tj ET Q q 0 0 0 rg BT 223.78 425.10 Td (The Company expects the adjustment to capitalize these sales commissions to result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (a cumulative ef) Tj ET Q q 0 0 0 rg BT 97.46 413.10 Td (fect adjustment as of January 1, 2018 to reduce accumulated deficit by approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.33 413.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.22 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.04 413.10 Td (The expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (period over which these commissions will be amortized is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.67 401.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.67 401.10 Td ( years. ) Tj ET Q endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (3. Pr) Tj ET Q q 0 0 0 rg BT 56.37 677.25 Td (operty and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 659.25 Td (Property and equipment consisted of the following at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.96 659.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.54 659.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.98 659.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.98 659.25 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 610.75 406.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 580.75 406.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 550.75 406.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 550.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 550.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 520.75 406.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 520.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 520.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 623.75 m 507.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 623.75 m 511.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 623.75 m 576.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 623.75 m 507.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 610.75 m 507.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 623.75 m 576.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 610.75 m 576.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 610.75 m 507.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 610.75 m 576.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 550.75 m 507.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 550.75 m 576.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 550.75 m 507.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 550.75 m 576.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 520.75 m 507.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 520.75 m 576.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 520.75 m 507.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 506.75 m 507.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 504.75 m 507.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 520.75 m 576.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 506.75 m 576.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 504.75 m 576.5 504.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 628.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.75 627.98 Td (December) Tj ET Q q 0 0 0 rg BT 520.32 627.98 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 615.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 614.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 614.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 600.42 Td (Computer equipment, software, and internally developed software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 600.42 Td (83,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 600.42 Td (65,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 585.42 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 585.42 Td (4,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 585.42 Td (3,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 570.42 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 570.42 Td (8,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 570.42 Td (6,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 555.42 Td (Capitalized facility leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 555.42 Td (39,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 555.42 Td (39,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 540.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 540.42 Td (135,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 540.42 Td (1) Tj ET Q q 0 0 0 rg BT 545.15 540.42 Td (15,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 525.42 Td (Less: ) Tj ET Q q 0 0 0 rg BT 74.06 525.42 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 525.47 Td (\(65,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 525.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 525.42 Td (\(48,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 525.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 510.42 Td (T) Tj ET Q q 0 0 0 rg BT 62.41 510.42 Td (otal property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 510.42 Td (70,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 510.42 Td (66,941) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 494.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 482.25 Td (The Company is considered the owner) Tj ET Q q 0 0 0 rg BT 225.73 482.25 Td (, for accounting purposes only) Tj ET Q q 0 0 0 rg BT 346.44 482.25 Td (, of one of its Santa Monica, California leased of) Tj ET Q q 0 0 0 rg BT 540.93 482.25 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 470.25 Td (spaces and of its San Francisco, California leased of) Tj ET Q q 0 0 0 rg BT 244.37 470.25 Td (fice space \(collectively) Tj ET Q q 0 0 0 rg BT 335.89 470.25 Td (, the Premises\) as it had taken on certain risks of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.25 Td (construction build cost overages above normal tenant improvement allowances. ) Tj ET Q q 0 0 0 rg BT 356.46 458.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 405.80 458.25 Td (, at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.52 458.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.10 458.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.54 458.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.54 458.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 446.25 Td (Company has capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.02 446.25 Td ($39.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.91 446.25 Td ( related to the Premises, which represents the estimated fair value of the leased properties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 434.25 Td (additions for capitalized interest incurred during the construction periods, and capitalized costs related to improvements to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 422.25 Td (buildings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.23 422.25 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.45 422.25 Td ( interest costs related to the Premises were capitalized for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.27 422.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.86 422.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 422.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.30 422.25 Td (. ) Tj ET Q q 0 0 0 rg BT 509.75 422.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 410.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 410.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.02 410.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.02 410.25 Td (, the Company had recorded accumulated amortization of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.43 410.25 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.33 410.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.76 410.25 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.66 410.25 Td ( for capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 398.25 Td (facility leases. ) Tj ET Q q 0 0 0 rg BT 95.15 398.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 145.05 398.25 Td (, at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.76 398.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.35 398.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.79 398.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.79 398.25 Td (, the Company recognized a corresponding lease financing obligation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 386.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.26 386.25 Td ($31.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.15 386.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.59 386.25 Td ($30.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.48 386.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 276.14 386.25 Td (. Refer to Note 6 for additional information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 362.25 Td (Included in the table above are property and equipment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.36 362.25 Td ($7.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.25 362.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.69 362.25 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.58 362.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.74 362.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.32 362.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.76 362.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.76 362.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 83.66 350.25 Td (, which are capitalizable, but had not yet been placed in service. ) Tj ET Q q 0 0 0 rg BT 341.42 350.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.47 350.25 Td ($7.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.36 350.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 350.25 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.69 350.25 Td ( balances at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 338.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 338.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.02 338.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.02 338.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 206.68 338.25 Td (, were comprised primarily of capitalized software not ready for its intended use.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 314.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 314.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 314.25 Td (otal depreciation and amortization expense of property and equipment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.42 314.25 Td ($18.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.31 314.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.31 314.25 Td ($19.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.20 314.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.64 314.25 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.53 314.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.25 Td (for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.85 302.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.44 302.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.44 302.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.44 302.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.38 302.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.38 302.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 313.04 302.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 278.25 Td (Amortization of internal use capitalized software development costs was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.96 278.25 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.85 278.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.85 278.25 Td ($14.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.74 278.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.18 278.25 Td ($8.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.07 278.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 266.25 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.98 266.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.56 266.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.56 266.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.56 266.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.50 266.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.50 266.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 284.16 266.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 242.25 Td (Amortization of capitalized facility leases was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.71 242.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.60 242.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.95 242.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.53 242.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.97 242.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.97 242.25 Td (. ) Tj ET Q q 0 0 0 rg BT 512.42 242.25 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 230.25 Td (of capitalized facility leases was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.88 230.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.78 230.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.82 230.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.82 230.25 Td (.) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (4. Intangible ) Tj ET Q q 0 0 0 rg BT 91.85 677.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (Intangible assets consisted of the following at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.24 653.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.82 653.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.26 653.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.85 653.25 Td ( \(in thousands, except years\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 588.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 558.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 558.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 617.75 m 438.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 617.75 m 442.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 617.75 m 507.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 617.75 m 511.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 617.75 m 576.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 588.75 m 438.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 588.75 m 507.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 588.75 m 576.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 543.75 m 438.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 543.75 m 507.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 543.75 m 576.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 543.75 m 438.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 529.75 m 438.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 527.75 m 438.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 543.75 m 507.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 529.75 m 507.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 527.75 m 507.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 543.75 m 576.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 529.75 m 576.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 527.75 m 576.5 527.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 622.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.00 621.98 Td (At December) Tj ET Q q 0 0 0 rg BT 482.01 621.98 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 593.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.75 600.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 388.45 600.98 Td (ossCarrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.85 592.98 Td (V) Tj ET Q q 0 0 0 rg BT 401.26 592.98 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 600.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.60 592.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.70 600.98 Td (NetCarrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.85 592.98 Td (V) Tj ET Q q 0 0 0 rg BT 538.89 592.98 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 578.42 Td (Acquired technology and domain name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 578.42 Td (31,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 578.47 Td (\(19,91) Tj ET Q q 0 0 0 rg BT 498.63 578.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 578.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 578.42 Td (1) Tj ET Q q 0 0 0 rg BT 550.15 578.42 Td (1,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 563.42 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 563.42 Td (6,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 563.47 Td (\(4,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 563.42 Td (1,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 548.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 548.42 Td (radenames) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 548.42 Td (4,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 548.47 Td (\(2,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 548.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 548.42 Td (2,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 533.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 533.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 533.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 533.42 Td (42,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 533.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 533.47 Td (\(26,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 533.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 533.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 533.42 Td (15,912) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 464.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 464.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 464.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 464.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 464.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 464.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 434.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 434.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 434.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 434.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 434.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 434.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 493.75 m 438.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 493.75 m 442.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 493.75 m 507.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 493.75 m 511.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 493.75 m 576.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 464.75 m 438.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 464.75 m 507.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 464.75 m 576.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 464.75 m 438.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 464.75 m 507.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 464.75 m 576.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 419.75 m 438.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 419.75 m 507.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 419.75 m 576.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 419.75 m 438.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 405.75 m 438.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 403.75 m 438.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 419.75 m 507.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 405.75 m 507.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 403.75 m 507.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 419.75 m 576.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 405.75 m 576.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 403.75 m 576.5 403.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 498.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.00 497.98 Td (At December) Tj ET Q q 0 0 0 rg BT 482.01 497.98 Td ( 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 469.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.75 476.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 388.45 476.98 Td (ossCarrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.85 468.98 Td (V) Tj ET Q q 0 0 0 rg BT 401.26 468.98 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 476.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.60 468.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.70 476.98 Td (NetCarrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.85 468.98 Td (V) Tj ET Q q 0 0 0 rg BT 538.89 468.98 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 454.42 Td (Acquired technology and domain name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 454.42 Td (31,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 454.47 Td (\(16,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 454.42 Td (14,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 439.42 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 439.42 Td (6,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 439.47 Td (\(3,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 439.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 439.42 Td (2,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 424.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 424.42 Td (radenames) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 424.42 Td (4,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 424.47 Td (\(1,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 424.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 424.42 Td (3,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 409.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 409.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 409.42 Td (42,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 409.47 Td (\(22,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 409.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 409.42 Td (19,774) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 393.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 381.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 381.25 Td (Amortization expense by asset type for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.54 381.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.12 381.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.12 381.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.12 381.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.06 381.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.06 381.25 Td ( is shown below \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 332.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 332.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 332.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 332.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 332.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 332.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 302.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 302.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 302.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 302.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 302.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 302.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 345.75 m 438.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 345.75 m 442.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 345.75 m 507.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 345.75 m 511.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 345.75 m 576.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 332.75 m 438.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 332.75 m 507.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 332.75 m 576.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 332.75 m 438.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 332.75 m 507.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 332.75 m 576.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 287.75 m 438.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 287.75 m 507.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 287.75 m 576.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 287.75 m 438.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 273.75 m 438.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 271.75 m 438.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 287.75 m 507.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 273.75 m 507.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 271.75 m 507.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 287.75 m 576.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 273.75 m 576.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 271.75 m 576.5 271.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.35 349.98 Td ( ) Tj ET Q q 0 0 0 rg BT 431.20 349.98 Td (Y) Tj ET Q q 0 0 0 rg BT 436.39 349.98 Td (ear) Tj ET Q q 0 0 0 rg BT 446.97 349.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 507.71 349.98 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 337.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 336.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 336.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 336.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 322.42 Td (Acquired technology and domain name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 322.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 322.42 Td (3,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 322.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 322.42 Td (3,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 322.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 322.42 Td (3,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 307.42 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 307.42 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 307.42 Td (673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 307.42 Td (760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 292.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.93 292.42 Td (rade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 292.42 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 292.42 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 292.42 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 277.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 277.42 Td (otal amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 277.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 277.42 Td (3,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 277.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 277.42 Td (4,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 277.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 277.42 Td (4,134) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 261.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 249.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 249.25 Td (Expected amortization expense with respect to intangible assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.86 249.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.44 249.25 Td ( for each of the five years through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 237.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.58 237.25 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 237.25 Td ( and thereafter is as follows \(in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 225.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 200.75 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 200.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 172.75 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 172.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 144.75 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 144.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 116.75 475.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 116.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 200.75 m 511.5 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 200.75 m 511.5 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 116.75 m 576.5 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 116.75 m 576.5 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 103.75 m 576.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 101.75 m 576.5 101.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 204.98 Td (Y) Tj ET Q q 0 0 0 rg BT 43.89 204.98 Td (ears ended December) Tj ET Q q 0 0 0 rg BT 117.05 204.98 Td ( 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 205.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 191.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 191.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 191.32 Td (3,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 177.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 177.32 Td (3,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 163.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 163.32 Td (3,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 149.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 149.32 Td (2,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 135.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 135.32 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 121.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 121.32 Td (1,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 107.32 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 107.32 Td (otal amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 107.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 107.32 Td (15,912) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 91.25 Td () Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (5. Cr) Tj ET Q q 0 0 0 rg BT 57.48 677.25 Td (edit Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (February 2015 ) Tj ET Q q 0 0 0 rg BT 101.00 653.25 Td (Amended Cr) Tj ET Q q 0 0 0 rg BT 156.09 653.25 Td (edit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.25 Td (In February 2015, the Company entered into a third amended and restated loan and security agreement \(Third ) Tj ET Q q 0 0 0 rg BT 516.85 629.25 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Credit Facility\) with the same financial institution with which the Company had previous credit arrangements, ef) Tj ET Q q 0 0 0 rg BT 491.81 617.25 Td (fective as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (February 18, 2015, for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.70 605.25 Td ($35.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.59 605.25 Td ( secured revolving credit facility that expires on February 18, 2018. ) Tj ET Q q 0 0 0 rg BT 461.83 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 479.69 605.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 503.86 605.25 Td (Amended Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (Facility provides a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.93 593.25 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.82 593.25 Td ( subfacility for the issuance of letters of credit and contains an increase option permitting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (Company) Tj ET Q q 0 0 0 rg BT 74.24 581.25 Td (, subject to the lenders consent, to increase the revolving credit facility by up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.42 581.25 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.31 581.25 Td (, to an aggregate maximum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td ($50 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.39 569.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 545.25 Td (This amended credit facility bears interest, at the Company) Tj ET Q q 0 0 0 rg BT 311.09 545.25 Td (s option, at either \(i\) the prime rate published by ) Tj ET Q q 0 0 0 rg BT 506.69 545.25 Td (The ) Tj ET Q q 0 0 0 rg BT 524.55 545.25 Td (W) Tj ET Q q 0 0 0 rg BT 533.19 545.25 Td (all Street ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (Journal, plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.98 533.25 Td (-0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.14 533.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.91 533.25 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.74 533.25 Td (, or \(ii\) a LIBOR rate determined in accordance with the terms of the credit facility) Tj ET Q q 0 0 0 rg BT 534.63 533.25 Td (, plus a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.43 521.25 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.26 521.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.04 521.25 Td (2.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.87 521.25 Td (. In each case, the spread is based on the Company) Tj ET Q q 0 0 0 rg BT 345.36 521.25 Td (s adjusted quick ratio, which is a ratio of the Company) Tj ET Q q 0 0 0 rg BT 566.70 521.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (cash and cash equivalents plus net billed accounts receivable to current liabilities plus all borrowings under the credit facility) Tj ET Q q 0 0 0 rg BT 535.19 509.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 485.25 Td (Interest is due and payable quarterly in arrears for prime rate loans and on the earlier of the last day of each quarter or the end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (of an interest period, as defined in the ) Tj ET Q q 0 0 0 rg BT 189.38 473.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 213.54 473.25 Td (Amended Credit Facility) Tj ET Q q 0 0 0 rg BT 312.32 473.25 Td (, for LIBOR rate loans. ) Tj ET Q q 0 0 0 rg BT 407.39 473.25 Td (The Company is also obligated to pay an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (unused revolving line facility fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.51 461.25 Td (0.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.34 461.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.12 461.25 Td (0.20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.95 461.25 Td ( per annum based on the Company) Tj ET Q q 0 0 0 rg BT 382.58 461.25 Td (s adjusted quick ratio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 448.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 435.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 435.25 Td (This amended credit facility requires the Company to maintain an adjusted quick ratio of at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.21 435.25 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.71 435.25 Td ( to 1 on the last day of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 423.25 Td (each quarter) Tj ET Q q 0 0 0 rg BT 84.58 423.25 Td (. If the adjusted quick ratio is not maintained, then the facility requires the Company to maintain, as measured at each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 411.25 Td (quarter end, a maximum consolidated leverage ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.47 411.25 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.97 411.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.30 411.25 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.80 411.25 Td ( to 1.00, and a fixed char) Tj ET Q q 0 0 0 rg BT 394.03 411.25 Td (ge coverage ratio of at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.75 411.25 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.25 411.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.03 411.25 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.53 411.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 398.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 385.25 Td (Consolidated leverage ratio is a ratio of all funded indebtedness, including all capital lease obligations, plus all letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 373.25 Td (credit under the facility to the Company) Tj ET Q q 0 0 0 rg BT 198.73 373.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.57 373.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 279.29 373.25 Td ( for the trailing twelve months.Fixed char) Tj ET Q q 0 0 0 rg BT 447.95 373.25 Td (ge coverage ratio is the ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 361.25 Td (the Company's ) Tj ET Q q 0 0 0 rg BT 97.25 361.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 171.96 361.25 Td ( minus cash income taxes to its cash interest payments plus capital expenditures for the trailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 349.25 Td (twelve months. ) Tj ET Q q 0 0 0 rg BT 99.42 349.25 Td (This credit facility also limits the Company) Tj ET Q q 0 0 0 rg BT 276.06 349.25 Td (s ability to pay dividends. ) Tj ET Q q 0 0 0 rg BT 381.05 349.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.55 349.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.14 349.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.58 349.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.58 349.25 Td (, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 337.25 Td (was in compliance with the financial covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 324.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 311.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 311.25 Td (s future material domestic subsidiaries are required, upon the lender) Tj ET Q q 0 0 0 rg BT 403.66 311.25 Td () Tj ET Q q 0 0 0 rg BT 406.43 311.25 Td (s request, to become co-borrowers under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 299.25 Td (the credit facility) Tj ET Q q 0 0 0 rg BT 103.65 299.25 Td (. ) Tj ET Q q 0 0 0 rg BT 108.47 299.25 Td (The credit facility contains acceleration clauses that accelerate any borrowings in the event of default. ) Tj ET Q q 0 0 0 rg BT 518.10 299.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 287.25 Td (obligations of the Company and its future material domestic subsidiaries are collateralized by substantially all of their respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 275.25 Td (assets, subject to certain exceptions and limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 249.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 249.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 249.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 249.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.52 249.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.52 249.25 Td (, the Company had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.56 249.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.56 249.25 Td ( outstanding amounts under the credit facility) Tj ET Q q 0 0 0 rg BT 471.54 249.25 Td (. ) Tj ET Q q 0 0 0 rg BT 475.98 249.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.48 249.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.07 249.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 237.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.94 237.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.94 237.25 Td (, the amounts available were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.56 237.25 Td ($31.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.45 237.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.89 237.25 Td ($30.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.78 237.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 369.44 237.25 Td (, reduced for letters of credit issued and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 225.25 Td (outstanding under the subfacility of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.69 225.25 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.58 225.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.02 225.25 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.91 225.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 350.58 225.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 199.25 Td (February 2018 ) Tj ET Q q 0 0 0 rg BT 101.00 199.25 Td (Amendment to Cr) Tj ET Q q 0 0 0 rg BT 178.58 199.25 Td (edit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 173.25 Td (In February 2018, the Company entered into a first amendment to the ) Tj ET Q q 0 0 0 rg BT 352.02 173.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 376.19 173.25 Td (Amended Credit Facility \(First ) Tj ET Q q 0 0 0 rg BT 506.17 173.25 Td (Amendment\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (The First ) Tj ET Q q 0 0 0 rg BT 74.33 161.25 Td (Amendment extends the maturity date to February 18, 2021 and amends, among other things, the maximum consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (leverage ratio covenant and the fixed char) Tj ET Q q 0 0 0 rg BT 203.51 149.25 Td (ge coverage ratio definition, which is now defined as the ratio of the Company) Tj ET Q q 0 0 0 rg BT 520.64 149.25 Td (s ) Tj ET Q q 0 0 0 rg BT 526.48 149.25 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 72.11 137.25 Td ( minus cash income taxes and capital expenditures to its cash interest payments measured on a trailing twelve-month basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 124.25 Td () Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (6. Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 659.25 Td (Office Lease Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 641.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 641.25 Td (, the Company had various non-cancellable leases related to the Company) Tj ET Q q 0 0 0 rg BT 461.60 641.25 Td (s of) Tj ET Q q 0 0 0 rg BT 476.14 641.25 Td (fice facilities which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (expire through 2030. ) Tj ET Q q 0 0 0 rg BT 121.54 629.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.04 629.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.63 629.25 Td (, future minimum payments for obligations under non-cancellable lease obligations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (related sublease income, are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 582.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 582.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 582.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 582.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 582.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 554.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 554.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 554.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 554.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 554.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 526.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 526.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 526.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 526.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 526.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 498.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 498.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 498.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 582.75 m 438.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 582.75 m 507.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 582.75 m 576.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 582.75 m 438.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 582.75 m 576.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 498.75 m 507.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 498.75 m 576.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 498.75 m 507.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 485.75 m 507.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 483.75 m 507.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 498.75 m 576.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 485.75 m 576.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 483.75 m 576.5 483.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 586.98 Td (Y) Tj ET Q q 0 0 0 rg BT 43.89 586.98 Td (ears ended December) Tj ET Q q 0 0 0 rg BT 117.05 586.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 592.83 Td (Lease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.25 584.88 Td (Commitments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.90 586.98 Td (Sublease Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 573.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 573.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 573.32 Td (9,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 573.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 573.32 Td (\(2,1) Tj ET Q q 0 0 0 rg BT 562.63 573.32 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 573.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 559.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 559.32 Td (10,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 559.32 Td (\(1,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 559.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 545.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 545.32 Td (9,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 545.32 Td (\(1,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 545.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 531.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 531.32 Td (7,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 531.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 517.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 517.32 Td (8,1) Tj ET Q q 0 0 0 rg BT 493.65 517.32 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 517.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 503.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 503.32 Td (31,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 503.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 489.32 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 489.32 Td (otal minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 489.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 489.32 Td (77,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 489.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 489.32 Td (\(5,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 489.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 467.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (The Company recorded rent expense, net of sublease income, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.35 449.25 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.24 449.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.24 449.25 Td ($7.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.13 449.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.07 449.25 Td ($6.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.96 449.25 Td ( for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.38 437.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.96 437.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.96 437.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.96 437.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.90 437.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.90 437.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 260.56 437.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 419.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 419.25 Td (San Francisco Of) Tj ET Q q 0 0 0 rg BT 145.16 419.25 Td (fice Lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.25 Td (In May 2014, the Company entered into a facility lease in San Francisco \(the San Francisco Of) Tj ET Q q 0 0 0 rg BT 455.88 401.25 Td (fice\) with total future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (minimum lease commitments over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.08 389.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.08 389.25 Td ( years, beginning ) Tj ET Q q 0 0 0 rg BT 257.63 389.25 Td (August 1, 2014 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.35 389.25 Td ($7.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.24 389.25 Td (. ) Tj ET Q q 0 0 0 rg BT 386.06 389.25 Td (The remaining future minimum lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (commitments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.60 377.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.18 377.25 Td ( are included in the table above. In conjunction with this lease, the Company was required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (obtain an irrevocable standby letter of credit in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.97 365.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.86 365.25 Td ( for the benefit of the landlord. Beginning ) Tj ET Q q 0 0 0 rg BT 501.99 365.25 Td (August 1, 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (through ) Tj ET Q q 0 0 0 rg BT 69.06 353.25 Td (August 1, 2020, the letter of credit is subject to an annual reduction to as little as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.70 353.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.59 353.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 335.25 Td (The Company had concluded that it was deemed the owner \(for accounting purposes only\) of the San Francisco Of) Tj ET Q q 0 0 0 rg BT 531.69 335.25 Td (fice during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 323.25 Td (the construction period under build-to-suit lease accounting. ) Tj ET Q q 0 0 0 rg BT 278.71 323.25 Td (As the Company assumed control of the construction project in the third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.25 Td (quarter of 2014, the Company recorded the fair value of the leased property in Property and equipment, net and a corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 299.25 Td (liability in Lease financing obligations on the accompanying consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 405.15 299.25 Td (The Company recognized increases in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 287.25 Td (asset as additional building costs were incurred during the construction period. ) Tj ET Q q 0 0 0 rg BT 352.59 287.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 402.49 287.25 Td (, imputed interest during the construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 275.25 Td (period was capitalized. ) Tj ET Q q 0 0 0 rg BT 129.85 275.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.35 275.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.94 275.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.38 275.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.38 275.25 Td (, the Company has capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.11 275.25 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.01 275.25 Td ( in Property and equipment, net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 263.25 Td (and a corresponding current and non-current lease financing obligation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.11 263.25 Td ($6.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.01 263.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.44 263.25 Td ($6.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.34 263.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 503.00 263.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 245.25 Td (Upon completion of the construction during the first quarter of 2015, the Company retained the fair value of the San ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (Francisco Of) Tj ET Q q 0 0 0 rg BT 87.75 233.25 Td (fice lease property and the obligation on its balance sheet as it did not qualify for sales and leaseback accounting due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (requirements to maintain collateral in the lease. ) Tj ET Q q 0 0 0 rg BT 227.97 221.25 Td (The Company records the rent payments as a reduction of the lease financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (obligation and imputed interest expense and ground rent as an operating expense. ) Tj ET Q q 0 0 0 rg BT 363.78 209.25 Td (The fair value of the lease property will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (depreciated over the building) Tj ET Q q 0 0 0 rg BT 155.68 197.25 Td (s estimated useful life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.48 197.25 Td (forty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.92 197.25 Td ( years. ) Tj ET Q q 0 0 0 rg BT 303.97 197.25 Td (At the conclusion of the lease term, the Company will de-recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (both the then carrying values of the asset and financing obligation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 167.25 Td (Santa Monica Of) Tj ET Q q 0 0 0 rg BT 142.94 167.25 Td (fice Lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.25 Td (In July 2014, the Company entered into a facility lease in Santa Monica \(the Santa Monica Of) Tj ET Q q 0 0 0 rg BT 451.99 149.25 Td (fice\) with total future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (minimum lease commitments over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.08 137.25 Td (fifteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.18 137.25 Td ( years, beginning in January 2015, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.98 137.25 Td ($36.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.87 137.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.69 137.25 Td (The remaining future minimum lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (commitments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.60 125.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.18 125.25 Td ( are included in the future minimum lease payments table above. In connection with this lease, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (the Company obtained an irrevocable standby letter of credit in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.51 113.25 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.40 113.25 Td ( for the benefit of the landlord. Beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (October 1, 2019 through October 1, 2025, the letter of credit is subject to an annual reduction to as little as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.77 101.25 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.67 101.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 83.25 Td (The Company had concluded that it was deemed the owner \(for accounting purposes only\) of the Santa Monica Of) Tj ET Q q 0 0 0 rg BT 530.57 83.25 Td (fice during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 71.25 Td (the construction period under build-to-suit lease accounting. ) Tj ET Q q 0 0 0 rg BT 278.71 71.25 Td (As the Company assumed control of the construction project in the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 59.25 Td (quarter of 2015, the Company recorded the fair value of the leased property in Property and equipment, net and a corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 47.25 Td (liability in Lease financing obligations on the accompanying consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 405.15 47.25 Td (The Company recognized increases in the ) Tj ET Q endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (asset as additional building costs were incurred during the construction period. ) Tj ET Q q 0 0 0 rg BT 352.59 677.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 402.49 677.10 Td (, imputed interest during the construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (period was capitalized. ) Tj ET Q q 0 0 0 rg BT 129.85 665.10 Td (At) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.35 665.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.94 665.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.38 665.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.38 665.10 Td (, the Company has capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.11 665.10 Td ($30.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.01 665.10 Td ( in Property and equipment, net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (and a corresponding current and non-current lease financing obligation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.11 653.10 Td ($24.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.01 653.10 Td ( and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.44 653.10 Td ($24.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.34 653.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 513.00 653.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 635.10 Td (Upon completion of construction during the fourth quarter of 2015, the Company retained the fair value of the Santa Monica ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 623.10 Td (Of) Tj ET Q q 0 0 0 rg BT 46.37 623.10 Td (fice lease property and the obligation on its balance sheet as it did not qualify for sales leaseback accounting due to requirements to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 611.10 Td (maintain collateral in the lease. ) Tj ET Q q 0 0 0 rg BT 162.99 611.10 Td (The Company records the rent payments as a reduction of the lease financing obligation and imputed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 599.10 Td (interest expense; ground rent is recorded as an operating expense. ) Tj ET Q q 0 0 0 rg BT 301.00 599.10 Td (The fair value of the lease property will be depreciated over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 587.10 Td (building) Tj ET Q q 0 0 0 rg BT 72.11 587.10 Td (s estimated useful life of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.92 587.10 Td (forty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.36 587.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 220.40 587.10 Td (At the conclusion of the lease term, the Company will de-recognize both the then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 575.10 Td (carrying values of the asset and financing obligation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (Austin Of) Tj ET Q q 0 0 0 rg BT 112.11 557.10 Td (fice Lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 539.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 539.10 Td (In May 2016, the Company entered into a new of) Tj ET Q q 0 0 0 rg BT 268.99 539.10 Td (fice lease for approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.38 539.10 Td (38,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.88 539.10 Td (square feet near ) Tj ET Q q 0 0 0 rg BT 478.62 539.10 Td (Austin, ) Tj ET Q q 0 0 0 rg BT 510.11 539.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.52 539.10 Td (exas. ) Tj ET Q q 0 0 0 rg BT 538.11 539.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 527.10 Td (lease commenced in February 2017 and has a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.38 527.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.60 527.10 Td (-year term. ) Tj ET Q q 0 0 0 rg BT 278.78 527.10 Td (The Company has the option to extend the lease for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.61 527.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.61 527.10 Td (additional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.60 527.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.15 527.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 515.10 Td (year periods. ) Tj ET Q q 0 0 0 rg BT 89.96 515.10 Td (The cumulative base rent over the initial lease term is approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.81 515.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.70 515.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 479.10 Td (Lease Exit Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 457.10 Td (In December 2015, the Company consolidated its Santa Monica, California of) Tj ET Q q 0 0 0 rg BT 383.96 457.10 Td (fice locations. In accordance with accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 445.10 Td (for exit and disposal activities, the Company recognized a liability for lease exit costs incurred when it no longer derived economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 433.10 Td (benefit from the related leases. ) Tj ET Q q 0 0 0 rg BT 161.32 433.10 Td (The liability was recognized and measured based on a discounted cash flow model when the cease use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 421.10 Td (date occurred. ) Tj ET Q q 0 0 0 rg BT 94.95 421.10 Td (The liability was determined based on the remaining lease rental due, reduced by estimated sublease rental income that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 409.10 Td (could be reasonably obtained for the properties. ) Tj ET Q q 0 0 0 rg BT 229.09 409.10 Td (The lease terms of the spaces exited expire in 2020. ) Tj ET Q q 0 0 0 rg BT 438.00 409.10 Td (The liability is recorded in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 397.10 Td (accrued expenses and other current liabilities \(current portion\) and other liabilities \(non-current portion\) within the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 385.10 Td (balance sheets. ) Tj ET Q q 0 0 0 rg BT 98.29 385.10 Td (The costs are recorded in general and administrative expense in the consolidated statement of comprehensive loss. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 373.10 Td (2015, the Company recorded an initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.35 373.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.24 373.10 Td ( in lease exit costs. In 2016 and 2017, the Company updated its estimates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 361.10 Td (sublease rental income for the spaces exited in December 2015 and recorded an additional expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.73 361.10 Td ($3.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.62 361.10 Td (and a benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 349.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 349.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 137.55 349.10 Td (, in lease exit costs due to changes in the local commercial real estate market observed in 2016 and 2017. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 337.10 Td (2017, the Company completed subleasing the spaces. ) Tj ET Q q 0 0 0 rg BT 251.23 337.10 Td (As of December 31, 2017, the Company recognized a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.77 337.10 Td ($5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.66 337.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 325.10 Td (lease exit cost associated with these of) Tj ET Q q 0 0 0 rg BT 189.66 325.10 Td (fice locations. ) Tj ET Q q 0 0 0 rg BT 248.07 325.10 Td (The Company does not expect to incur significant additional char) Tj ET Q q 0 0 0 rg BT 509.75 325.10 Td (ges in future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 313.10 Td (periods related to these exits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 295.10 Td (The following table presents a roll forward of the lease exit liability for the years ended December 31, 2017 and 2016 \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 283.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 251.60 440.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 251.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 221.60 440.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 221.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 191.60 440.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 191.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 161.60 440.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 161.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 251.60000000000002 m 576.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 251.60000000000002 m 576.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 206.60000000000002 m 576.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 161.60000000000002 m 576.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 147.60000000000002 m 576.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 145.60000000000002 m 576.5 145.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.70 256.28 Td (Lease Exit Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 241.27 Td (Accrual at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 241.27 Td (1,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 226.27 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 226.27 Td (3,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 211.27 Td (Cash Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 211.27 Td (\(2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 211.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 196.27 Td (Accrual at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 196.27 Td (2,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 181.27 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 181.27 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 181.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 166.27 Td (Cash Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 166.27 Td (\(1,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 166.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 151.27 Td (Accrual at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 151.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 151.27 Td (1,354) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 659.25 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 72.75 659.25 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 637.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 637.25 Td (From time to time, the Company may become subject to legal proceedings, claims, and litigation arising in the ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 625.25 Td (course of business. ) Tj ET Q q 0 0 0 rg BT 114.14 625.25 Td (When the Company becomes aware of a claim or potential claim, it assesses the likelihood of any loss or exposure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 613.25 Td (In accordance with authoritative guidance, the Company records loss contingencies in its financial statements only for matters in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 601.25 Td (which losses are probable and can be reasonably estimated. ) Tj ET Q q 0 0 0 rg BT 275.73 601.25 Td (Where a range of loss can be reasonably estimated with no best estimate in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 589.25 Td (the range, the Company records the minimum estimated liability) Tj ET Q q 0 0 0 rg BT 293.34 589.25 Td (. If the loss is not probable or the amount of the loss cannot be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 577.25 Td (reasonably estimated, the Company discloses the nature of the specific claim if the likelihood of a potential loss is reasonably possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 565.25 Td (and the amount involved is material. ) Tj ET Q q 0 0 0 rg BT 184.39 565.25 Td (The Company continuously assesses the potential liability related to the Company) Tj ET Q q 0 0 0 rg BT 515.44 565.25 Td (s pending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 553.25 Td (litigation and revises its estimates when additional information becomes available.) Tj ET Q q 0 0 0 rg BT 368.23 553.25 Td (The Company is not currently a party to any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 541.25 Td (material legal proceedings, other than as described below) Tj ET Q q 0 0 0 rg BT 264.71 541.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 519.25 Td (On March 9, 2015, the Company was named as a defendant in a lawsuit filed in the U.S. District Court for the Southern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 507.25 Td (District of New ) Tj ET Q q 0 0 0 rg BT 100.34 507.25 Td (Y) Tj ET Q q 0 0 0 rg BT 106.56 507.25 Td (ork \(the NY) Tj ET Q q 0 0 0 rg BT 158.94 507.25 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 196.16 507.25 Td (Act Litigation\). ) Tj ET Q q 0 0 0 rg BT 265.12 507.25 Td (The complaint in the NY) Tj ET Q q 0 0 0 rg BT 364.73 507.25 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 401.94 507.25 Td (Act Litigation, purportedly filed on behalf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 495.25 Td (of numerous automotive dealers who are not participating on the ) Tj ET Q q 0 0 0 rg BT 296.85 495.25 Td (T) Tj ET Q q 0 0 0 rg BT 302.61 495.25 Td (rueCar platform, alleges that the Company has violated the Lanham ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 483.25 Td (Act as well as various state laws prohibiting unfair competition and deceptive acts or practices related to the Company) Tj ET Q q 0 0 0 rg BT 512.52 483.25 Td (s advertising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 471.25 Td (and promotional activities. ) Tj ET Q q 0 0 0 rg BT 145.24 471.25 Td (The complaint seeks injunctive relief in addition to over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 471.25 Td ($250 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 471.25 Td ( in damages as a result of the alleged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 459.25 Td (diversion of customers from the plaintif) Tj ET Q q 0 0 0 rg BT 194.95 459.25 Td (fs) Tj ET Q q 0 0 0 rg BT 204.76 459.25 Td ( dealerships to ) Tj ET Q q 0 0 0 rg BT 264.84 459.25 Td (T) Tj ET Q q 0 0 0 rg BT 270.60 459.25 Td (rueCar Certified Dealers. On ) Tj ET Q q 0 0 0 rg BT 388.06 459.25 Td (April 7, 2015, the Company filed an answer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 447.25 Td (the complaint. ) Tj ET Q q 0 0 0 rg BT 95.53 447.25 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 136.76 447.25 Td (, the plaintif) Tj ET Q q 0 0 0 rg BT 185.17 447.25 Td (fs amended their complaint, and on July 13, 2015, the Company filed a motion to dismiss the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 435.25 Td (amended complaint. On January 6, 2016, the court granted in part and denied in part the Company) Tj ET Q q 0 0 0 rg BT 432.28 435.25 Td (s motion to dismiss with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 423.25 Td (some, but not all, of the advertising and promotional activities challenged in the amended complaint. Discovery in this matter has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 411.25 Td (completed, and the court has scheduled a hearing in ) Tj ET Q q 0 0 0 rg BT 244.82 411.25 Td (April 2018 on the issue of the admissibility of testimony prof) Tj ET Q q 0 0 0 rg BT 489.61 411.25 Td (fered by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 399.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 64.70 399.25 Td (fs) Tj ET Q q 0 0 0 rg BT 74.51 399.25 Td ( expert. ) Tj ET Q q 0 0 0 rg BT 106.82 399.25 Td (The Company believes that the portions of the amended complaint that survived the Company) Tj ET Q q 0 0 0 rg BT 486.45 399.25 Td (s motion to dismiss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 387.25 Td (are without merit, and it intends to vigorously defend itself in this matter) Tj ET Q q 0 0 0 rg BT 326.22 387.25 Td (. ) Tj ET Q q 0 0 0 rg BT 331.04 387.25 Td (W) Tj ET Q q 0 0 0 rg BT 339.68 387.25 Td (e have not recorded an accrual related to this matter as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 375.25 Td (December 31, 2017, as we do not believe a loss is probable or reasonably estimable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 353.25 Td (On May 20, 2015, the Company was named as a defendant in a lawsuit filed by the California New Car Dealers ) Tj ET Q q 0 0 0 rg BT 521.05 353.25 Td (Association ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (in the Superior Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 211.82 341.25 Td (Angeles \(the CNCDA) Tj ET Q q 0 0 0 rg BT 304.02 341.25 Td ( Litigation\). ) Tj ET Q q 0 0 0 rg BT 358.55 341.25 Td (The complaint in the CNCDA) Tj ET Q q 0 0 0 rg BT 478.53 341.25 Td ( Litigation sought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (declaratory and injunctive relief based on allegations that the Company was operating in the State of California as an unlicensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (automobile dealer and autobroker) Tj ET Q q 0 0 0 rg BT 170.12 317.25 Td (. ) Tj ET Q q 0 0 0 rg BT 174.94 317.25 Td (The complaint did not seek monetary relief. On July 20, 2015, the Company filed a demurrer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (the complaint, which is a pleading that requests the court to dismiss the case. ) Tj ET Q q 0 0 0 rg BT 345.75 305.25 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 386.98 305.25 Td (, the plaintif) Tj ET Q q 0 0 0 rg BT 435.39 305.25 Td (fs amended their complaint, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (on September 1) Tj ET Q q 0 0 0 rg BT 98.39 293.25 Td (1, 2015, the Company filed a demurrer to the amended complaint. On December 7, 2015, the court granted the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 281.25 Td (s demurrer in its entirety) Tj ET Q q 0 0 0 rg BT 175.32 281.25 Td (, but af) Tj ET Q q 0 0 0 rg BT 203.19 281.25 Td (forded the CNCDA) Tj ET Q q 0 0 0 rg BT 280.96 281.25 Td ( the opportunity to file a second amended complaint. ) Tj ET Q q 0 0 0 rg BT 494.05 281.25 Td (The CNCDA) Tj ET Q q 0 0 0 rg BT 546.55 281.25 Td ( filed a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (second amended complaint on January 4, 2016. ) Tj ET Q q 0 0 0 rg BT 228.27 269.25 Td (The second amended complaint reiterated the claims in the prior complaints and added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (claims under theories based on the federal Lanham ) Tj ET Q q 0 0 0 rg BT 241.48 257.25 Td (Act and California unfair competition law) Tj ET Q q 0 0 0 rg BT 408.83 257.25 Td (. On February 3, 2016, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (filed a demurrer to the second amended complaint. On March 30, 2016, the court granted in part and denied in part the Company) Tj ET Q q 0 0 0 rg BT 554.45 245.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (demurrer to the second amended complaint, dismissing the Lanham ) Tj ET Q q 0 0 0 rg BT 308.71 233.25 Td (Act claim but declining to dismiss the balance of the claims at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (demurrer stage of the litigation. On May 31, 2016, based on certain intervening developments in state law) Tj ET Q q 0 0 0 rg BT 458.85 221.25 Td (, the court announced that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (would reconsider its March 30, 2016 order) Tj ET Q q 0 0 0 rg BT 206.39 209.25 Td (, and it invited the parties to file new briefs on the demurrer issues. On July 15, 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (court heard oral ar) Tj ET Q q 0 0 0 rg BT 109.39 197.25 Td (gument on reconsideration of the demurrer issues. On July 25, 2016, the court granted in part and denied in part the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 185.25 Td (s demurrer to the second amended complaint, just as it had done in its March 30, 2016 order) Tj ET Q q 0 0 0 rg BT 445.63 185.25 Td (. ) Tj ET Q q 0 0 0 rg BT 450.45 185.25 Td (The litigation was previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (scheduled for trial in ) Tj ET Q q 0 0 0 rg BT 120.98 173.25 Td (August 2017. On ) Tj ET Q q 0 0 0 rg BT 191.54 173.25 Td (April3, 2017, the court indicated that the trial date would be postponed to a future date. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (May 17, 2017, the court scheduled trial to begin on December 1) Tj ET Q q 0 0 0 rg BT 291.39 161.25 Td (1, 2017. Prior to the commencement of trial, the parties entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (settlement negotiations, and on December 14, 2017, the parties entered into a binding Settlement ) Tj ET Q q 0 0 0 rg BT 425.07 149.25 Td (Agreement and Release \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (CNCDA) Tj ET Q q 0 0 0 rg BT 74.89 137.25 Td ( Settlement ) Tj ET Q q 0 0 0 rg BT 122.11 137.25 Td (Agreement\) to fully resolve the litigation. Pursuant to the CNCDA) Tj ET Q q 0 0 0 rg BT 392.62 137.25 Td ( Settlement ) Tj ET Q q 0 0 0 rg BT 439.83 137.25 Td (Agreement, the litigation was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (dismissed with prejudice on December 21, 2017. In light of the full resolution of this matter pursuant to the CNCDA) Tj ET Q q 0 0 0 rg BT 502.31 125.25 Td ( Settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (Agreement, the Company does not believe that an additional loss is probable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 91.25 Td (On December 23, 2015, the Company was named as a defendant in a putative class action lawsuit filed by Gordon Rose in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 79.25 Td (the California Superior Court for the County of Los ) Tj ET Q q 0 0 0 rg BT 244.58 79.25 Td (Angeles. ) Tj ET Q q 0 0 0 rg BT 282.17 79.25 Td (The complaint asserts claims for unjust enrichment, violation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 67.25 Td (California Consumer Legal Remedies ) Tj ET Q q 0 0 0 rg BT 189.30 67.25 Td (Act, and violation of the California Business and Professions Code, based principally on factual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 55.25 Td (allegations similar to those asserted in the NY) Tj ET Q q 0 0 0 rg BT 219.75 55.25 Td ( Lanham ) Tj ET Q q 0 0 0 rg BT 256.97 55.25 Td (Act Litigation and the CNCDA) Tj ET Q q 0 0 0 rg BT 381.95 55.25 Td ( Litigation. ) Tj ET Q q 0 0 0 rg BT 428.71 55.25 Td (The complaint seeks an award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 43.25 Td (unspecified damages, interest, disgor) Tj ET Q q 0 0 0 rg BT 183.83 43.25 Td (gement, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 343.03 43.25 Td ( fees. In the complaint, the plaintif) Tj ET Q q 0 0 0 rg BT 480.58 43.25 Td (f seeks to represent a ) Tj ET Q endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (class of California consumers defined as [a]ll California consumers who purchased an automobile by using ) Tj ET Q q 0 0 0 rg BT 470.98 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 476.73 677.10 Td (rueCar) Tj ET Q q 0 0 0 rg BT 503.54 677.10 Td (, Inc.) Tj ET Q q 0 0 0 rg BT 526.59 677.10 Td (s price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (certificate during the applicable statute of limitations. On January 12, 2016, the court entered an order staying all proceedings in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (case pending an initial status conference, which was previously scheduled for ) Tj ET Q q 0 0 0 rg BT 348.12 653.10 Td (April 13, 2016. On March 16, 2016, the case was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (reassigned to a dif) Tj ET Q q 0 0 0 rg BT 108.85 641.10 Td (ferent judge. ) Tj ET Q q 0 0 0 rg BT 161.33 641.10 Td (As a result of that reassignment, the initial status conference was rescheduled for and held on May 26, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (2016. By stipulation, the stay of discovery was continued until a second status conference, which was scheduled for October 12, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (On July 13, 2016, the plaintif) Tj ET Q q 0 0 0 rg BT 153.31 617.10 Td (f amended his complaint. ) Tj ET Q q 0 0 0 rg BT 256.71 617.10 Td (The amended complaint continues to assert claims for unjust enrichment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (violation of the California Consumer Legal Remedies ) Tj ET Q q 0 0 0 rg BT 252.89 605.10 Td (Act, and violation of the California Business and Professions Code. ) Tj ET Q q 0 0 0 rg BT 525.45 605.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (amended complaint retains the same proposed class definition as the initial complaint. Like the initial complaint, the amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (complaint seeks an award of unspecified damages, punitive and exemplary damages, interest, disgor) Tj ET Q q 0 0 0 rg BT 437.08 581.10 Td (gement, injunctive relief, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 75.24 569.10 Td ( fees. On September 12, 2016, the Company filed a demurrer to the amended complaint. On October 12, 2016, the court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (heard oral ar) Tj ET Q q 0 0 0 rg BT 86.34 557.10 Td (gument on the demurrer) Tj ET Q q 0 0 0 rg BT 182.15 557.10 Td (. On October 13, 2016, the court granted in part and denied in part the Company) Tj ET Q q 0 0 0 rg BT 505.95 557.10 Td (s demurrer to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (amended complaint, dismissing the unjust enrichment claim but declining to dismiss the balance of the claims at the demurrer stage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (the litigation. ) Tj ET Q q 0 0 0 rg BT 91.27 533.10 Td (At a status conference held on January 26, 2017, the court ruled that discovery could then proceed regarding matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (related to class certification only) Tj ET Q q 0 0 0 rg BT 165.85 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.30 521.10 Td (At a status conference held on July 25, 2017, the court set a deadline of January 8, 2018 for the filing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (of the plaintif) Tj ET Q q 0 0 0 rg BT 90.25 509.10 Td (f) Tj ET Q q 0 0 0 rg BT 94.13 509.10 Td () Tj ET Q q 0 0 0 rg BT 96.91 509.10 Td (s motion for class certification and provided that discovery could continue to proceed regarding matters related to class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (certification only at that time. Subsequently) Tj ET Q q 0 0 0 rg BT 210.31 497.10 Td (, the court extended to February 7, 2018 the deadline for the filing of plaintif) Tj ET Q q 0 0 0 rg BT 516.70 497.10 Td (f) Tj ET Q q 0 0 0 rg BT 520.58 497.10 Td () Tj ET Q q 0 0 0 rg BT 523.36 497.10 Td (s motion for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (class certification and for the completion of related discovery) Tj ET Q q 0 0 0 rg BT 280.81 485.10 Td (. On February 7, 2018, the plaintif) Tj ET Q q 0 0 0 rg BT 417.55 485.10 Td (f filed a motion for class certification. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (A) Tj ET Q q 0 0 0 rg BT 42.67 473.10 Td ( hearing on the plaintif) Tj ET Q q 0 0 0 rg BT 133.57 473.10 Td (f) Tj ET Q q 0 0 0 rg BT 137.46 473.10 Td () Tj ET Q q 0 0 0 rg BT 140.23 473.10 Td (s class certification motion has been scheduled for May 25, 2018. ) Tj ET Q q 0 0 0 rg BT 404.71 473.10 Td (The Company believes that the amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (complaint is without merit, and it intends to vigorously defend itself in this matter) Tj ET Q q 0 0 0 rg BT 363.18 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.00 461.10 Td (The Company has not recorded an accrual related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (to this matter as of December 31, 2017 as the Company does not believe a loss is probable or reasonably estimable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 427.10 Td (On June 30, 2017, the Company was named as a defendant in a putative class action lawsuit filed by Kip Haas in the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 415.10 Td (District Court for the Central District of California. ) Tj ET Q q 0 0 0 rg BT 243.27 415.10 Td (The complaint asserted claims for violation of the California Business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 403.10 Td (Professions Code, based principally on allegations of false and misleading advertising and unfair business practices. ) Tj ET Q q 0 0 0 rg BT 502.65 403.10 Td (The complaint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 391.10 Td (sought an award of unspecified damages, interest, injunctive relief, and attorneys) Tj ET Q q 0 0 0 rg BT 362.65 391.10 Td ( fees. In the complaint, the plaintif) Tj ET Q q 0 0 0 rg BT 500.20 391.10 Td (f sought to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 379.10 Td (represent a class of consumers defined as [a]ll consumers who, between the applicable statute of limitations and the present, obtained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 42.76 367.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.51 367.10 Td (rueCar guaranteed) Tj ET Q q 0 0 0 rg BT 128.00 367.10 Td ( price and [a]ll consumers, who, between the applicable statute of limitations and the present, obtained a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 355.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 355.10 Td (rueCar guaranteed) Tj ET Q q 0 0 0 rg BT 121.24 355.10 Td ( price pertaining to a vehicle located at Riverside Mazda. On or around October 23, 2017, the parties reached an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 343.10 Td (agreement in principle to settle this matter on an individual \(non-classwide\) basis in exchange for the payment of an immaterial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 331.10 Td (amount to Mr) Tj ET Q q 0 0 0 rg BT 90.44 331.10 Td (. Haas. On November 27, 2017, the parties entered into a binding Confidential Settlement ) Tj ET Q q 0 0 0 rg BT 450.92 331.10 Td (Agreement and Mutual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 319.10 Td (Release \(the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 159.29 319.10 Td (Agreement\) on the same financial terms agreed to in principle on October 23, 2017. ) Tj ET Q q 0 0 0 rg BT 501.21 319.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 542.44 319.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 307.10 Td (Company fully satisfied the financial terms of the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 304.27 307.10 Td (Agreement, and pursuant to the Haas Settlement ) Tj ET Q q 0 0 0 rg BT 499.77 307.10 Td (Agreement, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 295.10 Td (litigation was dismissed with prejudice on December 1, 2017. In light of the full resolution of this matter pursuant to the Haas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 283.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 80.72 283.10 Td (Agreement, and except with respect to the above-noted immaterial payment, the Company does not believe that an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 271.10 Td (additional loss is probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 249.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 249.10 Td (On October 18, 2017, the Company was named as a defendant in a lawsuit filed by Cox ) Tj ET Q q 0 0 0 rg BT 424.98 249.10 Td (Automotive, Inc. \("Cox ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 237.10 Td (Automotive"\) in the Supreme Court of the State of New ) Tj ET Q q 0 0 0 rg BT 261.89 237.10 Td (Y) Tj ET Q q 0 0 0 rg BT 268.11 237.10 Td (ork in the County of Nassau \(the Cox ) Tj ET Q q 0 0 0 rg BT 424.20 237.10 Td (Automotive Litigation\). ) Tj ET Q q 0 0 0 rg BT 526.13 237.10 Td (As it relates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 225.10 Td (to the Company) Tj ET Q q 0 0 0 rg BT 99.23 225.10 Td (, the complaint in the Cox ) Tj ET Q q 0 0 0 rg BT 205.05 225.10 Td (Automotive Litigation seeks an award of unspecified damages, disgor) Tj ET Q q 0 0 0 rg BT 484.52 225.10 Td (gement, return of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 213.10 Td (property taken or retained, injunctive relief and attorneys) Tj ET Q q 0 0 0 rg BT 266.83 213.10 Td ( fees. ) Tj ET Q q 0 0 0 rg BT 290.25 213.10 Td (The complaint in the Cox ) Tj ET Q q 0 0 0 rg BT 394.40 213.10 Td (Automotive Litigation alleges that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 201.10 Td (Company engaged in tortious interference with a contractual relationship between Cox ) Tj ET Q q 0 0 0 rg BT 385.06 201.10 Td (Automotive and one of its former employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 189.10 Td (among other claims against the former Cox ) Tj ET Q q 0 0 0 rg BT 211.23 189.10 Td (Automotive employee, who is also named as a defendant in the lawsuit. On October 20, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 177.10 Td (2017, the court granted a temporary restraining order prohibiting the Company from employing the former Cox ) Tj ET Q q 0 0 0 rg BT 483.94 177.10 Td (Automotive employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 165.10 Td (pending the court) Tj ET Q q 0 0 0 rg BT 108.76 165.10 Td (s ruling on the request by Cox ) Tj ET Q q 0 0 0 rg BT 231.25 165.10 Td (Automotive for the entry of a preliminary injunction. On November 13, 2017, oral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 153.10 Td (ar) Tj ET Q q 0 0 0 rg BT 43.59 153.10 Td (gument was held on the request by Cox ) Tj ET Q q 0 0 0 rg BT 203.56 153.10 Td (Automotive for the entry of a preliminary injunction. On January 23, 2018, the court ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 141.10 Td (dissolved the temporary restraining order and denied the request by Cox ) Tj ET Q q 0 0 0 rg BT 326.76 141.10 Td (Automotive for the entry of a preliminary injunction. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 129.10 Td (February 27, 2018, the parties filed a stipulation of discontinuance, which terminated the case. ) Tj ET Q q 0 0 0 rg BT 424.58 129.10 Td (The Company was not required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 117.10 Td (make any monetary payment or provide any other consideration in exchange for the stipulation of discontinuance. In light of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 105.10 Td (termination of the litigation on this basis, the Company has not recorded an accrual related to this matter as of December 31, 2017, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 93.10 Td (the Company does not believe a loss is probable.) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (Employment Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 659.25 Td (The Company has entered into employment contracts with certain executives of the Company) Tj ET Q q 0 0 0 rg BT 446.79 659.25 Td (. Employment under these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 647.25 Td (contracts is at-will employment. However) Tj ET Q q 0 0 0 rg BT 203.61 647.25 Td (, under the provisions of the contracts, the Company would incur severance obligations of up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 635.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.28 635.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.93 635.25 Td ( months of the executive) Tj ET Q q 0 0 0 rg BT 174.02 635.25 Td (s annual base salary for certain events, such as involuntary terminations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 617.25 Td (In December 2015, pursuant to an executed separation agreement with the Company) Tj ET Q q 0 0 0 rg BT 413.00 617.25 Td (s former CEO, the Company will pay its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (former CEO: \(i\) a 2015 bonus of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.58 605.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.48 605.25 Td (; \(ii\) severance of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.47 605.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.37 605.25 Td ( to be paid in approximately equal semi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (monthly payments through December 31, 2016; and \(iii\) an annual fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.20 593.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.09 593.25 Td ( for limited advisory services to the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (during the period from his termination date to May 2018. ) Tj ET Q q 0 0 0 rg BT 266.79 581.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 316.69 581.25 Td (, the Company will continue to provide its former CEO health ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (insurance benefits through the end of May 2018. For the year ended December 31, 2015, the Company recorded as severance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 557.25 Td ( in general and administrative expenses in the Company) Tj ET Q q 0 0 0 rg BT 311.50 557.25 Td (s consolidated statements of comprehensive loss for these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (obligations to the former CEO. ) Tj ET Q q 0 0 0 rg BT 162.09 545.25 Td (At December 31, 2017 and 2016, the remaining severance liability related to the former CEO was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.85 545.25 Td ($0.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 533.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.33 533.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.22 533.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 185.88 533.25 Td (, and is included in the table below) Tj ET Q q 0 0 0 rg BT 324.64 533.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 522.18 508.65 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 515.25 Td (For the year ended December 31, 2015, in addition to its former CEO, the Company incurred severance costs totaling ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 544.65 522.18 20.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 544.65 515.25 Td ($2.5 ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 510.18 28.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 503.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 64.89 510.18 512.60 -9.09 re f /GS0 gs q 0 0 0 rg BT 64.89 503.25 Td ( for several executive-level employees who terminated their employment during the period. Of the total, the Company recorded ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 498.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 491.25 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 84.89 498.18 97.20 -9.09 re f /GS0 gs q 0 0 0 rg BT 84.89 491.25 Td ( in sales and marketing, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 182.09 498.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 182.09 491.25 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 230.98 498.18 147.74 -9.09 re f /GS0 gs q 0 0 0 rg BT 230.98 491.25 Td ( in technology and development and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 378.72 498.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 378.72 491.25 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 427.61 498.18 121.35 -9.09 re f /GS0 gs q 0 0 0 rg BT 427.61 491.25 Td ( in general and administrative ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 486.18 474.05 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 479.25 Td (expenses in the Company) Tj ET Q q 0 0 0 rg BT 141.26 479.25 Td (s consolidated statements of comprehensive loss during the year ended December 31, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.77 479.25 Td (At December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 467.25 Td (31, 2017 and 2016, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.98 467.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.98 467.25 Td ( remaining severance liability related to these former executive-level employees.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 456.18 386.16 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (For the year ended December 31, 2016, the Company incurred severance costs totaling ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 422.16 456.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 422.16 449.25 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 471.05 456.18 95.23 -9.09 re f /GS0 gs q 0 0 0 rg BT 471.05 449.25 Td ( related to an executive ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 444.18 540.36 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 437.25 Td (who terminated during the year) Tj ET Q q 0 0 0 rg BT 161.11 437.25 Td (, and several other employees whose terminations related to a reor) Tj ET Q q 0 0 0 rg BT 425.56 437.25 Td (ganization of the Company) Tj ET Q q 0 0 0 rg BT 536.92 437.25 Td (s product ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 432.18 498.65 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 425.25 Td (and technology teams. ) Tj ET Q q 0 0 0 rg BT 128.02 425.25 Td (The reor) Tj ET Q q 0 0 0 rg BT 161.98 425.25 Td (ganization of the Company) Tj ET Q q 0 0 0 rg BT 273.34 425.25 Td (s product and technology teams was necessary to better align the ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 420.18 534.57 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 413.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 413.25 Td (s resources during its transition from multiple software platforms to a unified architecture. Of the total severance costs, the ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 408.18 78.86 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 401.25 Td (Company recorded ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 114.86 408.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 114.86 401.25 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 163.75 408.18 147.74 -9.09 re f /GS0 gs q 0 0 0 rg BT 163.75 401.25 Td ( in technology and development and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 311.49 408.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 311.49 401.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 360.38 408.18 167.75 -9.09 re f /GS0 gs q 0 0 0 rg BT 360.38 401.25 Td ( in sales and marketing in the Company) Tj ET Q q 0 0 0 rg BT 521.74 401.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 396.18 347.95 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 389.25 Td (consolidated statements of comprehensive loss for the year ended December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.67 389.25 Td (At December 31, 2017, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.29 389.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.29 389.25 Td ( remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (severance liability related to these severance costs. ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 241.19 384.18 334.03 -9.09 re f /GS0 gs q 0 0 0 rg BT 240.91 377.25 Td (At December 31, 2016, the remaining severance liability related to these severance ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 372.18 40.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 365.25 Td (costs was ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 76.55 372.18 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 76.55 365.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 125.44 372.18 141.26 -9.09 re f /GS0 gs q 0 0 0 rg BT 125.44 365.25 Td ( and is included in the table below) Tj ET Q q 0 0 0 rg BT 261.70 365.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 347.25 Td (The following table presents a roll forward of this severance liability for theyears ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.26 347.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.85 347.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.29 347.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.29 347.25 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 335.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 294.75 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 294.75 115.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 264.75 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 264.75 115.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 234.75 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 234.75 115.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 294.75 m 575.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 249.75 m 575.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 219.75 m 575.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 205.75 m 575.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 203.75 m 575.5 203.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.45 309.43 Td (Executive Severance and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.80 299.43 Td (Reorganization Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 284.42 Td (Accrual at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 284.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 284.42 Td (2,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 269.42 Td (Severance Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 269.42 Td (1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 254.42 Td (Cash Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 254.42 Td (\(4,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 254.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 239.42 Td (Accrual at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 239.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 239.42 Td (371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 224.42 Td (Cash Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.30 224.42 Td (\(308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 224.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 209.42 Td (Accrual at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 209.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 209.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 187.25 Td (Indemnifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 169.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 169.25 Td (In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 157.25 Td (vendors, lessors, investors, directors, of) Tj ET Q q 0 0 0 rg BT 194.13 157.25 Td (ficers, employees, and other parties with respect to certain matters, including, but not limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 145.25 Td (to, losses arising out of the Company) Tj ET Q q 0 0 0 rg BT 187.38 145.25 Td (s breach of such agreements, services to be provided by the Company) Tj ET Q q 0 0 0 rg BT 465.53 145.25 Td (, or from intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 133.25 Td (property infringement claims made by third-parties. ) Tj ET Q q 0 0 0 rg BT 245.48 133.25 Td (These indemnifications may survive termination of the underlying agreement and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 121.25 Td (the maximum potential amount of future payments the Company could be required to make under these indemnification provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 109.25 Td (may not be subject to maximum loss provisions. ) Tj ET Q q 0 0 0 rg BT 231.64 109.25 Td (The maximum potential amount of future payments the Company could be required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 97.25 Td (to make under these indemnification provisions is indeterminable. ) Tj ET Q q 0 0 0 rg BT 302.70 97.25 Td (T) Tj ET Q q 0 0 0 rg BT 308.11 97.25 Td (o date, there has not been a material claim paid by the Company) Tj ET Q q 0 0 0 rg BT 564.32 97.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 85.25 Td (nor has the Company been sued in connection with these indemnification arrangements. ) Tj ET Q q 0 0 0 rg BT 390.07 85.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.57 85.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.16 85.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.59 85.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.59 85.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 73.25 Td (Company has not accrued a liability for these guarantees, because the likelihood of incurring a payment obligation, if any) Tj ET Q q 0 0 0 rg BT 521.31 73.25 Td (, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 61.25 Td (connection with these guarantees is not probable or reasonably estimable.) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 51.93 677.25 Td (chase Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 641.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 641.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 641.25 Td (, the Company had the following purchase obligations \(in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 623.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 585.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 585.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 585.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 585.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 585.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 585.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 585.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 585.75 m 300.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 585.75 m 369.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 585.75 m 438.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 585.75 m 507.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 585.75 m 576.5 585.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 590.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.75 589.98 Td (T) Tj ET Q q 0 0 0 rg BT 263.72 589.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.10 589.98 Td (Less) Tj ET Q q 0 0 0 rg BT 324.14 589.98 Td (Than 1 ) Tj ET Q q 0 0 0 rg BT 350.15 589.98 Td (Y) Tj ET Q q 0 0 0 rg BT 355.34 589.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.75 589.98 Td (1-3) Tj ET Q q 0 0 0 rg BT 404.27 589.98 Td (Y) Tj ET Q q 0 0 0 rg BT 409.45 589.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.75 589.98 Td (3-5) Tj ET Q q 0 0 0 rg BT 473.27 589.98 Td (Y) Tj ET Q q 0 0 0 rg BT 478.45 589.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.20 597.98 Td (Mor) Tj ET Q q 0 0 0 rg BT 536.16 597.98 Td (e) Tj ET Q q 0 0 0 rg BT 541.56 597.98 Td (Than 5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.90 589.98 Td (Y) Tj ET Q q 0 0 0 rg BT 538.79 589.98 Td (ears) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 575.42 Td (Purchase obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 575.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 575.42 Td (5,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 575.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 575.42 Td (3,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 575.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 575.42 Td (2,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 575.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 575.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 575.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 575.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 553.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 535.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 535.25 Td (Purchase obligations include long-term agreements to purchase data information, software related licenses and support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 523.25 Td (services, and other obligations that are enforceable and legally binding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.84 523.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.42 523.25 Td (. Purchase obligations exclude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 511.25 Td (agreements that are cancelable without penalty) Tj ET Q q 0 0 0 rg BT 222.76 511.25 Td (.) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (7. Stockholders) Tj ET Q q 0 0 0 rg BT 104.15 677.25 Td ( Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (Follow-on Public Offering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.25 Td (On January 19, 2017, the Company filed a shelf registration statement on Form S-3 under which the Company may) Tj ET Q q 0 0 0 rg BT 532.93 629.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (time to time, sell securities up to a total dollar amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.12 617.25 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.51 617.25 Td (, and selling stockholders may sell, from time to time, up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.30 617.25 Td (20 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 605.25 Td ( of shares of common stock \(2017 Shelf Registration\). ) Tj ET Q q 0 0 0 rg BT 292.99 605.25 Td (The 2017 Shelf Registration was declared ef) Tj ET Q q 0 0 0 rg BT 470.53 605.25 Td (fective by the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (February 6, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 569.25 Td (On ) Tj ET Q q 0 0 0 rg BT 86.17 569.25 Td (April 26, 2017, the Company entered into an underwriting agreement to sell up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.54 569.25 Td (1,150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.54 569.25 Td ( shares of its common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 557.25 Td ($16.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.22 557.25 Td ( per share in a public of) Tj ET Q q 0 0 0 rg BT 167.45 557.25 Td (fering \(including shares subject to the underwriters) Tj ET Q q 0 0 0 rg BT 373.86 557.25 Td ( option to purchase additional shares\). ) Tj ET Q q 0 0 0 rg BT 528.36 557.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (Company sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.56 545.25 Td (1,150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.56 545.25 Td ( shares in the of) Tj ET Q q 0 0 0 rg BT 199.69 545.25 Td (fering with aggregate net proceeds to the Company of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.67 545.25 Td ($17.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.57 545.25 Td (, net of underwriting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (discounts and commissions and of) Tj ET Q q 0 0 0 rg BT 173.03 533.25 Td (fering costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.74 533.25 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.63 533.25 Td (. Selling stockholders party to the underwriting agreement also sold an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.19 521.25 Td (9,200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.19 521.25 Td ( shares of common stock in the of) Tj ET Q q 0 0 0 rg BT 263.26 521.25 Td (fering \(including shares subject to the underwriters' option to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (additional shares\). ) Tj ET Q q 0 0 0 rg BT 111.63 509.25 Td (The Company did not receive any proceeds from the shares sold by the selling stockholders. ) Tj ET Q q 0 0 0 rg BT 483.02 509.25 Td (The of) Tj ET Q q 0 0 0 rg BT 509.22 509.25 Td (fering closed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (May 2, 2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (W) Tj ET Q q 0 0 0 rg BT 45.45 473.25 Td (arrants Issued to USAA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (In May 2014, the Company extended our af) Tj ET Q q 0 0 0 rg BT 246.78 449.25 Td (finity group marketing agreement with USAA, the lar) Tj ET Q q 0 0 0 rg BT 461.54 449.25 Td (gest af) Tj ET Q q 0 0 0 rg BT 487.74 449.25 Td (finity partner and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (significant stockholder of the Company) Tj ET Q q 0 0 0 rg BT 193.65 437.25 Td (. ) Tj ET Q q 0 0 0 rg BT 198.10 437.25 Td (As part of the agreement, on May 1, 2014, the Company issued to USAA) Tj ET Q q 0 0 0 rg BT 490.83 437.25 Td ( a warrant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.04 425.25 Td (1,458,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.04 425.25 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 211.24 425.25 Td (s common stock, which will be exercisable in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.92 425.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.92 425.25 Td ( tranches. ) Tj ET Q q 0 0 0 rg BT 451.55 425.25 Td (The first tranche of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.96 425.25 Td (392,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.46 425.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (shares has an exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.83 413.25 Td ($7.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.33 413.25 Td ( per share and the second tranche of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.37 413.25 Td (1,066,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.37 413.25 Td ( shares has an exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.70 413.25 Td ($15.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.20 413.25 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (The warrant becomes exercisable based on the achievement of performance milestones based on the level of vehicle sales of USAA) Tj ET Q q 0 0 0 rg BT 562.74 401.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (members through the Company) Tj ET Q q 0 0 0 rg BT 165.15 389.25 Td (s auto buying platforms. ) Tj ET Q q 0 0 0 rg BT 264.68 389.25 Td (The warrant terminates on the earlier of \(i\) the eighth anniversary of the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (of issuance, \(ii\) the first anniversary of the termination of the USAA) Tj ET Q q 0 0 0 rg BT 309.26 377.25 Td ( car) Tj ET Q q 0 0 0 rg BT 323.77 377.25 Td (-buying program, or \(iii\) the date on which the Company no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (longer operates the USAA) Tj ET Q q 0 0 0 rg BT 141.25 365.25 Td ( car) Tj ET Q q 0 0 0 rg BT 155.76 365.25 Td (-buying program. In addition, the agreement provides for the Company to spend marketing program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (funds with the actual level of marketing spend to be mutually agreed upon by USAA) Tj ET Q q 0 0 0 rg BT 374.81 353.25 Td ( and the Company) Tj ET Q q 0 0 0 rg BT 447.21 353.25 Td (, subject to limits based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (number of actual vehicle sales generated through the af) Tj ET Q q 0 0 0 rg BT 256.83 341.25 Td (finity group marketing program \(Note12\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.25 Td (For the year ended December 31, 2017, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.31 317.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.31 317.25 Td ( warrant expense recognized. For the years ended December 31, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.94 305.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.94 305.25 Td (, the Company recognized expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.94 305.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.83 305.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.27 305.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.16 305.25 Td ( related to warrants to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.89 305.25 Td (10,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.39 305.25 Td ( shares and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.32 305.25 Td (71,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.82 305.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (shares of common stock that have been earned and are vested, respectively) Tj ET Q q 0 0 0 rg BT 334.67 293.25 Td (. ) Tj ET Q q 0 0 0 rg BT 339.49 293.25 Td (The fair value of the warrants was based on the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (assumptions using the Black-Scholes option-pricing model:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 246.75 339.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 246.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 246.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 246.75 18.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 246.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 246.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 246.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 246.75 27.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 539.50 246.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 222.75 339.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 222.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 222.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 222.75 18.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 222.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 222.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 222.75 37.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 222.75 27.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 539.50 222.75 37.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 258.75 m 379.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 258.75 m 416.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 258.75 m 434.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 258.75 m 471.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 258.75 m 475.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 258.75 m 512.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 258.75 m 539.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 539.5 258.75 m 576.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 246.75 m 416.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 246.75 m 434.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 246.75 m 471.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 246.75 m 512.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 246.75 m 539.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 539.5 246.75 m 576.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 246.75 m 434.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 246.75 m 539.5 246.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.20 262.83 Td (Y) Tj ET Q q 0 0 0 rg BT 436.53 262.83 Td (ear) Tj ET Q q 0 0 0 rg BT 447.12 262.83 Td (Ended December) Tj ET Q q 0 0 0 rg BT 507.85 262.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 250.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.50 250.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 237.37 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.10 237.37 Td (1.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 237.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.10 237.37 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 237.37 Td (1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 237.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.10 237.37 Td (1.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 237.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 237.37 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.10 237.37 Td (2.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 237.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 225.37 Td (Contractual life \(years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 225.37 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.10 225.37 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 225.37 Td (6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 225.37 Td (6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 225.37 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.50 225.37 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 213.37 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.10 213.37 Td (46.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 213.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.10 213.37 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 213.37 Td (48.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 213.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.10 213.37 Td (47.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 213.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 213.37 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.10 213.37 Td (54.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 213.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 201.37 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 201.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 201.37 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 175.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 175.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 175.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 175.25 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 175.25 Td (509,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 175.25 Td ( warrants that were earned and outstanding with an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.81 175.25 Td (949,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.31 175.25 Td ( remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 163.25 Td (warrants that is available for issuance upon achievement of minimum performance milestones.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 139.25 Td (W) Tj ET Q q 0 0 0 rg BT 45.45 139.25 Td (arrants Issued to ) Tj ET Q q 0 0 0 rg BT 119.99 139.25 Td (Third Party Marketing Firm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 115.25 Td (On February 25, 201) Tj ET Q q 0 0 0 rg BT 154.95 115.25 Td (1, the Company entered into a media and marketing services agreement with a direct marketing firm. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 103.25 Td (Under the arrangement, the marketing firm will provide media purchasing, production, advertising, and marketing services in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 91.25 Td (connection with the advertising and marketing of the Company) Tj ET Q q 0 0 0 rg BT 291.49 91.25 Td (s services. In addition to cash consideration, the Company agreed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 79.25 Td (issue a warrant to the marketing firm to purchase up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.32 79.25 Td (1,433,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.32 79.25 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 394.53 79.25 Td (s common stock at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.99 79.25 Td ($6.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.49 79.25 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 67.25 Td (The warrant expires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.46 67.25 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.46 67.25 Td ( years from the issuance date and as of December31, 2014, all warrants have been earned and issued to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 55.25 Td (marketing firm. In March 2015, the warrant to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.76 55.25 Td (1,433,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.76 55.25 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 398.96 55.25 Td (s common stock was exercised through a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 43.25 Td (net settlement election. ) Tj ET Q q 0 0 0 rg BT 130.79 43.25 Td (The Company issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.72 43.25 Td (959,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.22 43.25 Td ( shares of its common stock to the third party marketing firm.) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (W) Tj ET Q q 0 0 0 rg BT 45.45 677.25 Td (arrants Issued to Service Pr) Tj ET Q q 0 0 0 rg BT 164.13 677.25 Td (ovider) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (In May 2014, the Company entered into a consulting agreement with an individual to provide marketing services to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (Company) Tj ET Q q 0 0 0 rg BT 74.24 641.25 Td (. ) Tj ET Q q 0 0 0 rg BT 79.06 641.25 Td (The Company agreed to issue a warrant to the individual to purchase up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.53 641.25 Td (333,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.03 641.25 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 509.23 641.25 Td (s common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.97 629.25 Td ($12.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.47 629.25 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 156.79 629.25 Td (All shares under the warrant agreement become exercisable in accordance with the vesting schedule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.21 617.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.87 617.25 Td ( year period. ) Tj ET Q q 0 0 0 rg BT 132.44 617.25 Td (The warrant expires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.90 617.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.45 617.25 Td ( years from the issuance date or) Tj ET Q q 0 0 0 rg BT 356.66 617.25 Td (, if earlier) Tj ET Q q 0 0 0 rg BT 395.40 617.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.40 617.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.06 617.25 Td ( months following the termination of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (the consulting agreement. In December 2015, the Company terminated the consulting agreement and the unvested warrants to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (purchase an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.17 593.25 Td (187,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.67 593.25 Td ( shares of common stock were canceled. Upon termination, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.31 593.25 Td (145,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.81 593.25 Td ( of the warrants had vested and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (were outstanding at December31, 2015. ) Tj ET Q q 0 0 0 rg BT 200.21 581.25 Td (The warrant expired unexercised in December 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 557.25 Td (For the year ended December31, 2015, the Company recorded the fair value of the warrant based on the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (assumptions using the Black-Scholes option-pricing model: contractual life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.66 545.25 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.16 545.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.94 545.25 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.44 545.25 Td ( years, risk free rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.89 545.25 Td (0.52%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.72 545.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 545.25 Td (1.28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.33 545.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (volatility of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.44 533.25 Td (44.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.27 533.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.05 533.25 Td (48.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.88 533.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 509.25 Td (For the year ended December31, 2015, the Company recorded a reduction in warrant expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.41 509.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 509.25 Td ( due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (remeasurement to fair value of the unvested shares through the vesting date, which was primarily related to the reduction in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 485.25 Td (s stock price. ) Tj ET Q q 0 0 0 rg BT 132.47 485.25 Td (The reduction in expense has been reflected as a reduction to sales and marketing expense on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (accompanying consolidated statements of comprehensive loss. For the year ended December31, 2015, warrants earned under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (agreement totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.85 461.25 Td (1) Tj ET Q q 0 0 0 rg BT 114.48 461.25 Td (12,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.98 461.25 Td ( shares. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (Reserve for) Tj ET Q q 0 0 0 rg BT 84.96 437.25 Td ( Unissued Shar) Tj ET Q q 0 0 0 rg BT 149.24 437.25 Td (es of Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.25 Td (The Company is required to reserve and keep available out of its authorized but unissued shares of common stock such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (number of shares suf) Tj ET Q q 0 0 0 rg BT 119.41 401.25 Td (ficient for the exercise of all outstanding warrants, plus shares granted and available for grant under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 389.25 Td (s equity incentive plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.25 Td (The amount of such shares of the Company) Tj ET Q q 0 0 0 rg BT 248.90 365.25 Td (s common stock reserved for these purposes at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.74 365.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.33 365.25 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 330.75 470.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 330.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 301.75 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 301.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 273.75 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 273.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 330.75 m 576.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 330.75 m 576.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 273.75 m 576.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 273.75 m 576.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 260.75 m 576.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 258.75 m 576.5 258.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 334.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 334.83 Td (Number) Tj ET Q q 0 0 0 rg BT 538.30 334.83 Td (ofShar) Tj ET Q q 0 0 0 rg BT 565.27 334.83 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 320.42 Td (Outstanding stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 320.42 Td (16,714,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 306.32 Td (Outstanding restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 306.32 Td (4,284,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 292.32 Td (Outstanding common stock warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 292.32 Td (1,458,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 278.32 Td (Additional shares available for grant under equity plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 278.32 Td (2,323,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 264.32 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 264.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 264.32 Td (24,781,452) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (8. Stock-based ) Tj ET Q q 0 0 0 rg BT 99.62 677.25 Td (A) Tj ET Q q 0 0 0 rg BT 106.10 677.25 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (The Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.26 653.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.92 653.25 Td ( equity incentive plans: the ) Tj ET Q q 0 0 0 rg BT 273.62 653.25 Td (Amended and Restated 2005 Stock Plan \(the 2005 Plan\), the 2008 Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (Plan \(the 2008 Plan\), the 2014 Equity Incentive Plan \(the 2014 Plan\), and the 2015 Inducement Equity Incentive Plan \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Inducement Plan\). In connection with the Company) Tj ET Q q 0 0 0 rg BT 254.55 629.25 Td (s IPO in May 2014, the 2005 Plan and the 2008 Plan were terminated. Upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 617.25 Td (s IPO in May 2014, the shares reserved for issuance under the 2014 Plan include \(i\) shares that have been reserved but not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (issued pursuant to any awards granted under the 2005 Plan, plus \(ii\) shares subject to stock options or similar awards granted under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (the 2005 Plan or the 2008 Plan that, after the registration date, expire or terminate without having been exercised in full and shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (issued pursuant to awards granted under the 2005 Plan or the 2008 Plan are forfeited to or repurchased by the Company) Tj ET Q q 0 0 0 rg BT 514.11 581.25 Td (. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (the shares available for issuance under the 2014 Plan include an annual increase on January 1 of each year equal to the least of: \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (10,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 557.25 Td ( shares; \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.49 557.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.82 557.25 Td ( of the total outstanding shares of ) Tj ET Q q 0 0 0 rg BT 277.44 557.25 Td (T) Tj ET Q q 0 0 0 rg BT 283.20 557.25 Td (rueCar common stock as of the last day of the previous fiscal year; or) Tj ET Q q 0 0 0 rg BT 560.77 557.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (\(iii\) such other amount as determined by the Company) Tj ET Q q 0 0 0 rg BT 257.06 545.25 Td (s Board of Directors. ) Tj ET Q q 0 0 0 rg BT 342.88 545.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.32 545.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.90 545.25 Td (, the total number of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (available under the 2014 Plan was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.40 533.25 Td (2,323,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.40 533.25 Td ( shares. In accordance with the ever) Tj ET Q q 0 0 0 rg BT 358.21 533.25 Td (green provision, ef) Tj ET Q q 0 0 0 rg BT 433.28 533.25 Td (fective January 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.58 533.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.58 533.25 Td (, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.49 521.25 Td (5,021,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.49 521.25 Td ( shares of common stock was authorized to be issued under the 2014 Plan. Under the Inducement Plan, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (1,840,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 509.25 Td ( shares of common stock reserved for the issuance of nonqualified stock options. In December 2015, in conjunction with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (hiring of the Company) Tj ET Q q 0 0 0 rg BT 129.60 497.25 Td (s new president and CEO, the Company granted a stock option to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.75 497.25 Td (1,840,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.75 497.25 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 568.95 497.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (common stock under the Inducement Plan that vest over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.38 485.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.04 485.25 Td ( year period and expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.72 485.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.93 485.25 Td ( years from the date of grant. ) Tj ET Q q 0 0 0 rg BT 512.04 485.25 Td (There are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.56 485.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.56 485.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (shares available for future issuance as of December 31, 2015 under the Inducement Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (Under the 2014 Plan, the Company has the ability to issue incentive stock options, nonstatutory stock options, restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (stock, restricted stock units, stock appreciation rights, performance units, and performance shares. Stock options granted under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (2014 Plan must at least equal to the fair market value of the Company) Tj ET Q q 0 0 0 rg BT 318.43 425.25 Td (s common stock on the date of grant. Stock options granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (generally vest monthly over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.35 413.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.01 413.25 Td ( year period and expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.69 413.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.91 413.25 Td ( years from the date of grant. Restricted stock units generally vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (quarterly over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.80 401.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.46 401.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.24 401.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.79 401.25 Td ( year period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 353.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 353.25 Td ( summary of the Company) Tj ET Q q 0 0 0 rg BT 188.10 353.25 Td (s stock option activity for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.61 353.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.19 353.25 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 278.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 248.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 248.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 248.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 248.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 248.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 218.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 218.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 218.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 218.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 218.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 188.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 188.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 188.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 188.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 188.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 293.75 m 369.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 293.75 m 438.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 293.75 m 507.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 293.75 m 576.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 218.75 m 369.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 218.75 m 369.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 204.75 m 369.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 202.75 m 369.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 202.75 m 369.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 204.75 m 369.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 189.75 m 369.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 187.75 m 369.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 187.75 m 369.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 189.75 m 369.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 174.75 m 369.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 172.75 m 369.5 172.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 297.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 305.98 Td (Number) Tj ET Q q 0 0 0 rg BT 346.37 305.98 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.90 297.98 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.90 313.98 Td (W) Tj ET Q q 0 0 0 rg BT 395.68 313.98 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.20 305.98 Td (A) Tj ET Q q 0 0 0 rg BT 381.68 305.98 Td (verage Exer) Tj ET Q q 0 0 0 rg BT 422.40 305.98 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.60 297.98 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.90 321.98 Td (W) Tj ET Q q 0 0 0 rg BT 464.46 321.98 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.55 313.98 Td (A) Tj ET Q q 0 0 0 rg BT 465.73 313.98 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.80 305.98 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.90 297.98 Td (Contractual Life) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 305.98 Td (Aggr) Tj ET Q q 0 0 0 rg BT 543.18 305.98 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.20 297.98 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 545.39 297.98 Td (V) Tj ET Q q 0 0 0 rg BT 550.43 297.98 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 566.66 301.61 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 283.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 283.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.35 284.43 Td (\(inyears\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 284.43 Td (\(inmillions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 268.42 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 268.42 Td (24,541,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 268.42 Td (8.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 268.42 Td (5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 268.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 253.42 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 253.42 Td (4,846,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 253.42 Td (18.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 238.42 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.30 238.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 325.63 238.47 Td (1,650,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 238.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 238.42 Td (6.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 238.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 238.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 223.42 Td (Canceled/forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.30 223.47 Td (\(1,022,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 223.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 223.42 Td (10.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 223.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 223.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 208.42 Td (Outstanding at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 208.42 Td (16,714,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 208.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 208.42 Td (12.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 208.42 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 208.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 208.42 Td (21.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 193.42 Td (V) Tj ET Q q 0 0 0 rg BT 45.67 193.42 Td (ested and expected to vest at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 193.42 Td (16,714,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 193.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 193.42 Td (12.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 193.42 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 193.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 193.42 Td (21.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 178.42 Td (Exercisable at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 178.42 Td (8,005,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 178.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 178.42 Td (10.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 178.42 Td (6.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 178.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 178.42 Td (13.5) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 160.75 m 242.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 158.75 m 242.5 158.75 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 138.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 138.25 Td (The aggregate intrinsic value represents the excess of the closing price of the Company) Tj ET Q q 0 0 0 rg BT 405.82 138.25 Td (s common stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 138.25 Td ($1) Tj ET Q q 0 0 0 rg BT 493.78 138.25 Td (1.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.28 138.25 Td ( on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 126.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.58 126.25 Td ( over the exercise price of in-the-money stock option awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 114.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 102.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 102.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 102.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 102.25 Td (, total remaining stock-based compensation expense for unvested option awards, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 90.25 Td (performance-based stock option awards, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.16 90.25 Td ($53.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.05 90.25 Td (, which is expected to be recognized over a weighted-average period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.42 90.25 Td (3.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 78.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.10 78.25 Td (.) Tj ET Q endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (The weighted-average grant-date fair value per share of options granted for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.16 677.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.75 677.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.75 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.75 677.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 665.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.55 665.10 Td ($8.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.05 665.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.05 665.10 Td ($4.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.55 665.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.99 665.10 Td ($4.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.49 665.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 221.15 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.97 665.10 Td (The Company recorded stock-based compensation expense for stock option awards of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td ($17.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.89 653.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.89 653.10 Td ($14.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.78 653.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.22 653.10 Td ($34.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.11 653.10 Td (, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.97 653.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.55 653.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.55 653.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.55 653.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.99 653.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.99 653.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 501.65 653.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 629.10 Td (The total intrinsic value of options exercised in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.06 629.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.06 629.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.06 629.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.06 629.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.50 629.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.50 629.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.05 629.10 Td ($120.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.94 629.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.94 629.10 Td ($8.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.83 629.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.77 629.10 Td ($19.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.66 629.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 83.66 617.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 571.10 Td (Activity in connection with restricted stock units \(RSUs\) is as follows for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.30 571.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.89 571.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 521.60 406.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 521.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 521.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 521.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 491.60 406.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 491.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 491.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 491.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 467.60 406.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 467.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 467.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 467.60 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 521.6 m 507.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 521.6 m 576.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 521.6 m 507.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 521.6 m 576.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 467.6 m 507.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 467.6 m 507.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 456.6 m 507.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 454.6 m 507.5 454.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 525.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 533.83 Td (Number) Tj ET Q q 0 0 0 rg BT 484.37 533.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.00 525.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 479.38 525.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.90 541.83 Td (W) Tj ET Q q 0 0 0 rg BT 533.46 541.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.10 533.83 Td (A) Tj ET Q q 0 0 0 rg BT 523.28 533.83 Td (verage Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.65 525.83 Td (Date Fair) Tj ET Q q 0 0 0 rg BT 549.16 525.83 Td ( ) Tj ET Q q 0 0 0 rg BT 551.01 525.83 Td (V) Tj ET Q q 0 0 0 rg BT 556.06 525.83 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 511.27 Td (Non-vested December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 511.27 Td (4,339,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 511.27 Td (7.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 496.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 496.27 Td (2,086,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 496.27 Td (18.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 482.22 Td (V) Tj ET Q q 0 0 0 rg BT 57.67 482.22 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 482.22 Td (\(1,681,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 482.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 482.22 Td (9.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 470.22 Td (Canceled/forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 470.22 Td (\(460,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 470.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 470.22 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 458.22 Td (Non-vested December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 458.22 Td (4,284,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 458.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 458.22 Td (1) Tj ET Q q 0 0 0 rg BT 555.15 458.22 Td (1.99) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 444.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 432.10 Td (The total fair market value of restricted stock units that vested for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.60 432.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.18 432.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.18 432.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.18 432.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.18 432.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.18 432.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.74 432.10 Td ($25.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 420.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 420.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.89 420.10 Td ($1) Tj ET Q q 0 0 0 rg BT 79.52 420.10 Td (1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.41 420.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.35 420.10 Td ($6.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.24 420.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 246.90 420.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 398.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 398.10 Td (The weighted-average grant-date fair value of RSUs granted for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.19 398.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.78 398.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.78 398.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.78 398.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.72 398.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.72 398.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 386.10 Td ($18.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 386.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 386.10 Td ($7.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 386.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.94 386.10 Td ($8.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.44 386.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 188.10 386.10 Td (. For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.18 386.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.77 386.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.77 386.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.77 386.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.71 386.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.71 386.10 Td (, the Company recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.29 386.10 Td ($14.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.18 386.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 374.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 374.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.83 374.10 Td ($8.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.72 374.10 Td ( in compensation expense, respectively) Tj ET Q q 0 0 0 rg BT 311.41 374.10 Td (. ) Tj ET Q q 0 0 0 rg BT 315.86 374.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.36 374.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.94 374.10 Td (, total remaining stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.10 Td (compensation expense for non-vested RSUs is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.30 362.10 Td ($48.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.19 362.10 Td (, which is expected to be recognized over a weighted-average period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.10 Td (2.9 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.10 350.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 326.10 Td (Modifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 302.10 Td (In November 2015, the Compensation Committee of the Board of Directors authorized the modification of equity awards in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.10 Td (connection with the separation of the Company) Tj ET Q q 0 0 0 rg BT 228.17 290.10 Td (s former CEO. In accordance with the terms of the separation agreement, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 278.10 Td (Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.10 278.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 278.10 Td ( for the surrender and cancellation of options the former CEO holds to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.56 278.10 Td (1,333,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.56 278.10 Td ( shares of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 266.10 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 266.10 Td (s common stock with a weighted-average exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.52 266.10 Td ($45.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.02 266.10 Td (. ) Tj ET Q q 0 0 0 rg BT 346.46 266.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 396.37 266.10 Td (, under a limited advisory services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 254.10 Td (arrangement, the former CEO will also continue to vest in his remaining options, covering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 254.10 Td (1,401,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 254.10 Td ( shares, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.23 254.10 Td (154,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.73 254.10 Td ( remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 242.10 Td (restricted stock units until May 2018. ) Tj ET Q q 0 0 0 rg BT 187.37 242.10 Td (Although these awards continue to vest, no substantive additional service is required by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 230.10 Td (former CEO. ) Tj ET Q q 0 0 0 rg BT 90.16 230.10 Td (As a result of this modification, the Company recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.77 230.10 Td ($7.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.66 230.10 Td ( in additional stock-based compensation expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 218.10 Td (for the year ended December 31, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 194.10 Td (In the fourth quarter of 2015, the Company accelerated the vesting of stock options to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 194.10 Td (337,1) Tj ET Q q 0 0 0 rg BT 477.63 194.10 Td (1) Tj ET Q q 0 0 0 rg BT 482.25 194.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.25 194.10 Td ( shares of common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 182.10 Td (stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.55 182.10 Td (48,1) Tj ET Q q 0 0 0 rg BT 93.68 182.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.68 182.10 Td ( RSUs to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.30 182.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.96 182.10 Td ( former executives. ) Tj ET Q q 0 0 0 rg BT 237.82 182.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 287.72 182.10 Td (, the Company extended the exercise period of all vested stock options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 170.10 Td (to these former executives. ) Tj ET Q q 0 0 0 rg BT 145.68 170.10 Td (As a result of these modifications, the Company recognized additional stock compensation expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.96 170.10 Td ($3.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 158.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 158.10 Td ( for the year ended December 31, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 134.10 Td (In December 2015, the Company) Tj ET Q q 0 0 0 rg BT 207.80 134.10 Td (s former President and current member of its Board of Directors agreed to surrender and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 122.10 Td (forfeit unvested options to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.80 122.10 Td (309,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.30 122.10 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 311.50 122.10 Td (s common stock with a weighted-average exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 110.10 Td ($13.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 110.10 Td (. ) Tj ET Q q 0 0 0 rg BT 68.32 110.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 128.03 110.10 Td (s former President will continue to vest in his remaining unvested options covering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.69 110.10 Td (252,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.19 110.10 Td ( shares and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.12 110.10 Td (57,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 569.62 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 98.10 Td (remaining RSUs, subject to his continued service as a member of the Company) Tj ET Q q 0 0 0 rg BT 355.65 98.10 Td (s Board of Directors. ) Tj ET Q q 0 0 0 rg BT 441.47 98.10 Td (As a result of this forfeiture, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 86.10 Td (Company recognized additional stock compensation expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.43 86.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.32 86.10 Td ( for the year ended December 31, 2015. ) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (V) Tj ET Q q 0 0 0 rg BT 42.30 677.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 79.26 677.25 Td (Assumptions and Stock-based Compensation Cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (The fair value of stock options granted to employees is estimated on the grant date using the Black-Scholes option-pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 65.81 641.25 Td (This valuation model requires the Company to make assumptions and judgments about the variables used in the calculation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (including the expected term, the volatility of the Company) Tj ET Q q 0 0 0 rg BT 272.88 629.25 Td (s common stock, risk-free interest rate, and expected dividends. ) Tj ET Q q 0 0 0 rg BT 529.84 629.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Company uses the simplified method under the SEC) Tj ET Q q 0 0 0 rg BT 248.48 617.25 Td (s Staf) Tj ET Q q 0 0 0 rg BT 270.79 617.25 Td (f ) Tj ET Q q 0 0 0 rg BT 276.07 617.25 Td (Accounting Bulletin No. 107, Share-Based Payment, to calculate expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (term for plain vanilla share options. For performance-based option awards and out of the money option grants, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (determines the expected term based upon historical exercise and post-vesting cancellations, adjusted for expected future exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (behavior) Tj ET Q q 0 0 0 rg BT 70.43 581.25 Td (. ) Tj ET Q q 0 0 0 rg BT 75.25 581.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 134.96 581.25 Td (s computation of volatility is based on an average of the historical volatilities of the common stock of several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (entities with characteristics similar to those of the Company) Tj ET Q q 0 0 0 rg BT 275.29 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 280.11 569.25 Td (The risk-free interest rate is based on the U.S. ) Tj ET Q q 0 0 0 rg BT 465.70 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 471.46 569.25 Td (reasury yield curve in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 557.25 Td (fect at the time of grant for periods corresponding with the expected life of the option. ) Tj ET Q q 0 0 0 rg BT 390.24 557.25 Td (The Company uses an expected dividend of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.21 545.25 Td (, as it does not anticipate paying any dividends in the foreseeable future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 523.25 Td (The fair value of each stock option award was estimated at the date of grant using a Black-Scholes option-pricing model with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 511.25 Td (the following weighted-average assumptions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 468.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 468.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 468.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 468.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 468.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 468.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 444.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 444.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 444.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 444.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 444.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 444.75 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 479.75 m 438.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 468.75 m 438.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 479.75 m 507.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 468.75 m 507.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 479.75 m 576.5 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 468.75 m 576.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 468.75 m 438.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 468.75 m 507.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 468.75 m 576.5 468.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 482.83 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 482.83 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 482.83 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 482.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 471.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 471.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 471.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 459.37 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 459.37 Td (1.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 459.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 459.37 Td (1.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 459.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 459.37 Td (1.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 459.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 447.37 Td (Expected term \(years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 447.37 Td (6.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 447.37 Td (5.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.50 447.37 Td (6.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 435.37 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 435.37 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 435.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 435.37 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 435.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 435.37 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 435.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 423.37 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 423.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 423.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 423.37 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 409.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 397.25 Td (As a result of the Company) Tj ET Q q 0 0 0 rg BT 184.48 397.25 Td (s early adoption of the revised share-based payment guidance in 2016, forfeitures are recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 385.25 Td (as they occur) Tj ET Q q 0 0 0 rg BT 88.20 385.25 Td (. Prior to the adoption of this guidance, forfeitures were estimated at the time of grant and revised, if necessary) Tj ET Q q 0 0 0 rg BT 530.18 385.25 Td (, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 373.25 Td (subsequent periods if actual forfeitures dif) Tj ET Q q 0 0 0 rg BT 204.93 373.25 Td (fer from those estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 351.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 351.25 Td (The Company recorded stock-based compensation cost relating to stock options, restricted stock awards, and RSUs in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 339.25 Td (following categories on the accompanying consolidated statements of comprehensive loss \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 296.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 296.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 296.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 296.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 296.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 296.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 272.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 272.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 272.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 272.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 272.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 272.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 248.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 248.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 248.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 248.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 248.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 248.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 224.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 224.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 224.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 224.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 224.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 224.75 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 307.75 m 438.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 296.75 m 438.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 307.75 m 507.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 296.75 m 507.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 307.75 m 576.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 296.75 m 576.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 296.75 m 438.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 296.75 m 507.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 296.75 m 576.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 248.75 m 438.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 248.75 m 507.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 248.75 m 576.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 248.75 m 438.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 248.75 m 507.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 248.75 m 576.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 224.75 m 438.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 224.75 m 507.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 224.75 m 576.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 224.75 m 438.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 213.75 m 438.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 211.75 m 438.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 224.75 m 507.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 213.75 m 507.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 211.75 m 507.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 224.75 m 576.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 213.75 m 576.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 211.75 m 576.5 211.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 310.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 310.83 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 310.83 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 310.83 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 310.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 299.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 299.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 299.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 299.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 287.37 Td (Cost of revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 287.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 287.37 Td (1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 287.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 287.37 Td (960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 287.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 287.37 Td (792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 275.37 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 275.37 Td (10,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 275.37 Td (5,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 275.37 Td (4,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 263.37 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 263.37 Td (echnology and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 263.37 Td (8,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 263.37 Td (4,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 263.37 Td (4,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 251.37 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 251.37 Td (12,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 251.37 Td (13,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 251.37 Td (32,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 239.37 Td (T) Tj ET Q q 0 0 0 rg BT 56.76 239.37 Td (otal stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 239.37 Td (32,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 239.37 Td (24,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 239.37 Td (42,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 227.37 Td (Amount capitalized to internal-use software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 227.37 Td (1,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 227.37 Td (1,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 227.37 Td (1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 215.37 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 215.37 Td (otal stock-based compensation cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 215.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 215.37 Td (33,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 215.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 215.37 Td (25,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 215.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 215.37 Td (43,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.00 213.25 Td () Tj ET Q endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (9. Income ) Tj ET Q q 0 0 0 rg BT 79.98 677.25 Td (T) Tj ET Q q 0 0 0 rg BT 85.73 677.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 655.25 Td (The components of the Company) Tj ET Q q 0 0 0 rg BT 208.08 655.25 Td (s income tax provision \(benefit\) are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 612.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 612.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 612.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 612.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 612.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 612.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 584.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 584.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 584.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 584.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 584.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 584.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 556.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 556.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 556.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 556.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 528.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 528.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 528.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 528.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 500.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 500.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 500.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 500.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 623.75 m 438.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 623.75 m 442.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 623.75 m 507.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 623.75 m 511.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 623.75 m 576.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 612.75 m 438.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 612.75 m 507.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 612.75 m 576.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 612.75 m 438.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 612.75 m 507.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 612.75 m 576.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 570.75 m 438.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 570.75 m 507.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 570.75 m 576.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 570.75 m 438.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 556.75 m 438.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 570.75 m 507.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 556.75 m 507.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 570.75 m 576.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 556.75 m 576.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 556.75 m 438.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 556.75 m 507.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 556.75 m 576.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 500.75 m 438.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 500.75 m 507.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 500.75 m 576.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 500.75 m 438.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 486.75 m 438.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 500.75 m 507.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 486.75 m 507.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 500.75 m 576.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 486.75 m 576.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 486.75 m 438.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 473.75 m 438.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 471.75 m 438.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 486.75 m 507.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 473.75 m 507.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 471.75 m 507.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 486.75 m 576.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 473.75 m 576.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 471.75 m 576.5 471.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 626.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 626.83 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 626.83 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 626.83 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 626.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 615.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 615.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 615.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 615.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 603.32 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 603.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 603.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 603.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 589.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 589.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 589.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 589.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 589.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 589.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 589.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 575.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 575.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 575.32 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 575.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 561.32 Td (T) Tj ET Q q 0 0 0 rg BT 62.76 561.32 Td (otal current provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 561.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 561.32 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 561.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 547.32 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 547.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 547.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 547.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 533.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 533.32 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 533.32 Td (547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 533.32 Td (547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 519.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 519.32 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 519.32 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 519.32 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 505.32 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 505.32 Td (ax ) Tj ET Q q 0 0 0 rg BT 67.80 505.32 Td (Act impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 505.37 Td (\(2,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 505.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 505.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 505.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 491.32 Td (T) Tj ET Q q 0 0 0 rg BT 62.41 491.32 Td (otal deferred \(benefit\) provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 491.37 Td (\(2,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 491.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 491.32 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 491.32 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 477.32 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 477.32 Td (otal income tax \(benefit\) provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 477.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 477.37 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 477.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 477.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 477.32 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 477.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 477.32 Td (606) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 461.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 449.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.87 449.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.28 449.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 106.66 449.25 Td (Act was enacted on December 22, 2017, and has several key provisions impacting accounting for and reporting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (income taxes. ) Tj ET Q q 0 0 0 rg BT 93.30 437.25 Td (The most significant provisions applicable to the Company include the reduction of the U.S. corporate statutory tax rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (from 35% to 21%, the limitations on net operating losses \(NOLs\) generated after December 31, 2017 to 80% of taxable income, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (the indefinite carryforward period applicable to NOLs generated after December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 400.29 413.25 Td (Although most provisions of the ) Tj ET Q q 0 0 0 rg BT 532.05 413.25 Td (T) Tj ET Q q 0 0 0 rg BT 537.46 413.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 548.85 413.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (are not ef) Tj ET Q q 0 0 0 rg BT 73.57 401.25 Td (fective until January 1, 2018, the Company is required to record the ef) Tj ET Q q 0 0 0 rg BT 354.42 401.25 Td (fect of a change in tax law in the period of enactment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (\(2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 367.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 367.25 Td (The 2017 income tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.29 367.25 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.18 367.25 Td ( included a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.55 367.25 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.45 367.25 Td ( impact from the change in tax law) Tj ET Q q 0 0 0 rg BT 482.91 367.25 Td (. Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.68 367.25 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.57 367.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 355.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.41 355.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 52.80 355.25 Td (Act impact, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.95 355.25 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.84 355.25 Td ( results from the remeasurement of our U.S. federal deferred tax assets and liabilities at the tax rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 343.25 Td (expected to apply when the temporary dif) Tj ET Q q 0 0 0 rg BT 202.43 343.25 Td (ferences are realized/settled \(remeasured at a rate of 21% versus 34% for the majority of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 331.25 Td (deferred tax assets and liabilities\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.28 331.25 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.17 331.25 Td ( results from the decrease in valuation allowance associated with the partial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 319.25 Td (recognition of the Company) Tj ET Q q 0 0 0 rg BT 151.25 319.25 Td (s tax-deductible goodwill amortization as an available source of income to realize deferred tax assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 297.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 297.25 Td (The Company has obtained and analyzed all necessary information to record the ef) Tj ET Q q 0 0 0 rg BT 403.36 297.25 Td (fect of the change in tax law) Tj ET Q q 0 0 0 rg BT 515.99 297.25 Td (, and do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 285.25 Td (anticipate reporting additional tax ef) Tj ET Q q 0 0 0 rg BT 181.32 285.25 Td (fects in the future. However) Tj ET Q q 0 0 0 rg BT 292.82 285.25 Td (, should the Internal Revenue Service \(IRS\) issue further guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 273.25 Td (or interpretation of relevant aspects of the new tax law) Tj ET Q q 0 0 0 rg BT 253.32 273.25 Td (, the Company may adjust these amounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 251.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.05 251.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.05 251.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.99 251.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.99 251.25 Td ( income tax provisions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.14 251.25 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.03 251.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.97 251.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.86 251.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 428.52 251.25 Td (, primarily reflect the amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 239.25 Td (of tax-deductible goodwill that is not an available source of income to realize deferred tax assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 217.25 Td (The overall ef) Tj ET Q q 0 0 0 rg BT 127.90 217.25 Td (fective income tax rate dif) Tj ET Q q 0 0 0 rg BT 232.66 217.25 Td (fers from the statutory federal rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.87 217.25 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.20 217.25 Td ( as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 174.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 174.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 174.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 174.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 174.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 174.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 150.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 150.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 150.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 150.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 150.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 150.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 126.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 126.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 126.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 126.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 126.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 126.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 102.75 337.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 102.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 102.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 102.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 102.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 102.75 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 185.75 m 438.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 185.75 m 442.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 185.75 m 507.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 185.75 m 511.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 185.75 m 576.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 174.75 m 438.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 174.75 m 507.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 174.75 m 576.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 174.75 m 438.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 174.75 m 507.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 174.75 m 576.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 90.75 m 438.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 90.75 m 507.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 90.75 m 576.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 90.75 m 438.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 79.75 m 438.5 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 77.75 m 438.5 77.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 90.75 m 507.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 79.75 m 507.5 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 77.75 m 507.5 77.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 90.75 m 576.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 79.75 m 576.5 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 77.75 m 576.5 77.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 188.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 188.83 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 188.83 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 188.83 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 188.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 177.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 177.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 177.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 177.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 165.37 Td (Income tax benefit based on the federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 165.37 Td (34.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 165.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 165.37 Td (34.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 165.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 165.37 Td (34.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 165.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 153.37 Td (State income taxes, net of federal benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 153.37 Td (9.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 153.37 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 153.37 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 141.37 Td (Nondeductible expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 141.37 Td (\(1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 141.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.45 141.37 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 141.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.45 141.37 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 141.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 129.37 Td (Change in valuation allowance, excluding ) Tj ET Q q 0 0 0 rg BT 209.41 129.37 Td (T) Tj ET Q q 0 0 0 rg BT 215.08 129.37 Td (ax ) Tj ET Q q 0 0 0 rg BT 226.40 129.37 Td (Act impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 129.37 Td (\(130.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 129.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.45 129.37 Td (\(33.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 129.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 129.37 Td (\(30.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 129.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 117.37 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 117.37 Td (86.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.45 117.37 Td (\(4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 117.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.45 117.37 Td (\(6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 117.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 105.37 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 105.37 Td (ax ) Tj ET Q q 0 0 0 rg BT 56.07 105.37 Td (Act impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 105.37 Td (7.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 105.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 105.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 93.37 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 93.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 93.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 93.37 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 81.37 Td (Overall ef) Tj ET Q q 0 0 0 rg BT 79.07 81.37 Td (fective income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 81.37 Td (6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 81.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.45 81.37 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 81.37 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.45 81.37 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 81.37 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 55.25 Td () Tj ET Q endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (The components of deferred tax assets \(liabilities\) are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 630.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 630.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 630.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 630.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 602.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 602.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 602.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 602.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 574.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 574.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 574.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 574.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 546.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 546.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 546.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 546.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 518.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 518.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 518.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 518.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 490.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 490.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 490.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 490.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 462.60 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 462.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 462.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 462.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 642.6 m 507.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 642.6 m 511.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 642.6 m 576.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 642.6 m 507.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 630.6 m 507.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 642.6 m 576.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 630.6 m 576.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 630.6 m 507.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 630.6 m 576.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 546.6 m 507.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 546.6 m 576.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 518.6 m 507.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 518.6 m 576.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 518.6 m 507.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 504.6 m 507.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 518.6 m 576.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 504.6 m 576.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 504.6 m 507.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 504.6 m 576.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 462.6 m 507.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 462.6 m 576.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 462.6 m 507.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 448.6 m 507.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 462.6 m 576.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 448.6 m 576.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 448.6 m 507.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 435.6 m 507.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 433.6 m 507.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 448.6 m 576.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 435.6 m 576.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 433.6 m 576.5 433.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 646.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.75 646.68 Td (December) Tj ET Q q 0 0 0 rg BT 520.32 646.68 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 634.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 634.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 634.68 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 621.17 Td (Deferred income tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 621.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 621.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 607.17 Td (Net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 607.17 Td (99,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 607.17 Td (95,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 593.17 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 593.17 Td (1) Tj ET Q q 0 0 0 rg BT 481.15 593.17 Td (1,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 593.17 Td (25,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 579.17 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 579.17 Td (1,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 579.17 Td (3,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 565.17 Td (Research and development tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 565.17 Td (568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 565.17 Td (543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 551.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 551.17 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 551.17 Td (371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 537.17 Td (Gross deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 537.17 Td (1) Tj ET Q q 0 0 0 rg BT 476.15 537.17 Td (14,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 537.17 Td (124,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 523.17 Td (V) Tj ET Q q 0 0 0 rg BT 63.67 523.17 Td (aluation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 523.22 Td (\(107,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 523.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 523.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 545.13 523.17 Td (15,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 523.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 509.17 Td (Net deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 509.17 Td (7,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 509.17 Td (9,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 495.17 Td (Deferred tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 495.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 495.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 481.17 Td (Property) Tj ET Q q 0 0 0 rg BT 91.11 481.17 Td (, equipment and software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 481.22 Td (\(3,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 481.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 481.17 Td (\(5,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 481.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 467.17 Td (Intangible assets and goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 467.22 Td (\(4,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 467.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 467.17 Td (\(6,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 467.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 453.17 Td (Gross deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 453.22 Td (\(7,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 453.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 453.17 Td (\(12,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 453.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 439.17 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 439.17 Td (otal net deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 439.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 439.22 Td (\(812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 439.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 439.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 439.17 Td (\(2,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 439.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 423.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 411.10 Td (The net deferred tax liability at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.61 411.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.20 411.10 Td ( and 2016 relates to amortization of tax-deductible goodwill that is not an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 399.10 Td (available source of income to realize deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 263.67 399.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 313.01 399.10 Td (, the net deferred tax liability does not reduce the need for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 387.10 Td (valuation allowance related to the Company) Tj ET Q q 0 0 0 rg BT 215.11 387.10 Td (s net deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 363.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 363.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 363.10 Td (, the Company had federal and state net operating loss carryforwards of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.59 363.10 Td ($393.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.49 363.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.92 363.10 Td ($247.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 351.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 351.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 117.55 351.10 Td (. ) Tj ET Q q 0 0 0 rg BT 122.37 351.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 182.08 351.10 Td (s federal and state net operating loss carryforwards begin to expire in the years ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 339.10 Td (December31, 2025 and 2018, respectively) Tj ET Q q 0 0 0 rg BT 206.68 339.10 Td (. ) Tj ET Q q 0 0 0 rg BT 211.13 339.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.63 339.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.22 339.10 Td (, the Company had federal and state research and development tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 327.10 Td (credit carryforwards of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.93 327.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.82 327.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.26 327.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 327.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 360.81 327.10 Td (. ) Tj ET Q q 0 0 0 rg BT 365.63 327.10 Td (The federal tax credit carryforwards begin to expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 315.10 Td (in the year ending December 31, 2028. ) Tj ET Q q 0 0 0 rg BT 193.82 315.10 Td (The state tax credit carryforward can be carried forward indefinitely) Tj ET Q q 0 0 0 rg BT 465.53 315.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 291.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 291.10 Td (The Internal Revenue Code of 1986, as amended, imposes substantial restrictions on the utilization of net operating losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 279.10 Td (and other tax attributes in the event of an ownership change of a corporation. ) Tj ET Q q 0 0 0 rg BT 354.50 279.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 403.83 279.10 Td (, a company) Tj ET Q q 0 0 0 rg BT 455.20 279.10 Td (s ability to use pre-change net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 267.10 Td (operating loss and research tax credits may be limited as prescribed under IRC Sections382 and 383. Events which may cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 255.10 Td (limitation in the amount of the net operating losses and credits that the Company utilizes in any one year include, but are not limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 243.10 Td (to, a cumulative ownership change of more than 50% over a three-year period. ) Tj ET Q q 0 0 0 rg BT 352.27 243.10 Td (As a result of historical equity issuances, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 231.10 Td (has determined that annual limitations on the utilization of its net operating losses and credits do exist pursuant to IRC Sections382 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 219.10 Td (and 383, however) Tj ET Q q 0 0 0 rg BT 106.97 219.10 Td (, such limitations are not expected to impact the Company) Tj ET Q q 0 0 0 rg BT 342.46 219.10 Td (s ability to utilize these deferred tax assets prior to their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 207.10 Td (statutory expiration dates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 183.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 183.10 Td (Management assesses the available positive and negative evidence to estimate if suf) Tj ET Q q 0 0 0 rg BT 407.54 183.10 Td (ficient future taxable income will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 171.10 Td (generated to use the existing deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 230.65 171.10 Td (A) Tj ET Q q 0 0 0 rg BT 237.32 171.10 Td ( significant piece of objective negative evidence evaluated was the cumulative loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 159.10 Td (incurred over the three-year period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.25 159.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.83 159.10 Td (. Such objective evidence limits the ability to consider other subjective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 147.10 Td (evidence such as its projections for future growth. On the basis of this evaluation, at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.53 147.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.11 147.10 Td (, a valuation allowance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 135.10 Td ($107.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.89 135.10 Td ( has been recorded since it is more likely than not that the deferred tax assets will not be realized.) Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (The change in the valuation allowance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.45 677.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.04 677.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.04 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.04 677.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.98 677.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.98 677.10 Td ( is as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 630.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 630.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 630.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 630.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 630.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 630.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 602.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 602.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 602.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 602.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 602.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 602.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 574.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 574.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 574.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 574.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 574.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 574.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 546.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 546.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 546.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 546.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 546.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 546.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 642.6 m 438.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 642.6 m 442.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 642.6 m 507.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 642.6 m 511.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 642.6 m 576.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 630.6 m 438.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 630.6 m 507.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 630.6 m 576.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 630.6 m 438.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 630.6 m 507.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 630.6 m 576.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 602.6 m 438.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 602.6 m 507.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 602.6 m 576.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 546.6 m 438.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 533.6 m 438.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 531.6 m 438.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 546.6 m 507.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 533.6 m 507.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 531.6 m 507.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 546.6 m 576.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 533.6 m 576.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 531.6 m 576.5 531.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 646.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 646.68 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 646.68 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 646.68 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 646.68 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 634.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 634.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 634.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 634.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 621.17 Td (V) Tj ET Q q 0 0 0 rg BT 45.67 621.17 Td (aluation allowance, at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 621.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 621.17 Td (1) Tj ET Q q 0 0 0 rg BT 407.15 621.17 Td (15,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 621.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 621.17 Td (84,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 621.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 621.17 Td (64,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 607.17 Td (Increase in valuation allowance- share-based compensation guidance impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 607.17 Td (17,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 593.17 Td (V) Tj ET Q q 0 0 0 rg BT 45.67 593.17 Td (aluation allowance, at beginning of year) Tj ET Q q 0 0 0 rg BT 205.41 593.17 Td (, as adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 593.17 Td (1) Tj ET Q q 0 0 0 rg BT 407.15 593.17 Td (15,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 593.17 Td (102,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 593.17 Td (64,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 579.17 Td (Increase in valuation allowance, excluding ) Tj ET Q q 0 0 0 rg BT 212.17 579.17 Td (T) Tj ET Q q 0 0 0 rg BT 217.84 579.17 Td (ax ) Tj ET Q q 0 0 0 rg BT 229.15 579.17 Td (Act impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 579.17 Td (45,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 579.17 Td (13,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 579.17 Td (19,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 565.17 Td (Decrease in valuation allowance - federal tax rate change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 565.22 Td (\(52,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 565.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 565.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 565.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 551.17 Td (Release of valuation allowance due to the ) Tj ET Q q 0 0 0 rg BT 208.01 551.17 Td (T) Tj ET Q q 0 0 0 rg BT 213.68 551.17 Td (ax ) Tj ET Q q 0 0 0 rg BT 224.99 551.17 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 551.22 Td (\(1,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 551.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 551.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 551.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 537.17 Td (V) Tj ET Q q 0 0 0 rg BT 45.11 537.17 Td (aluation allowance, at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 537.17 Td (107,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 537.17 Td (1) Tj ET Q q 0 0 0 rg BT 476.15 537.17 Td (15,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 537.17 Td (84,167) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 521.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 509.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.05 509.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.94 509.10 Td ( release of valuation allowance pertains to the partial recognition of the Company) Tj ET Q q 0 0 0 rg BT 467.71 509.10 Td (s tax-deductible goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (amortization as an available source of income to realize deferred tax assets due to the NOL) Tj ET Q q 0 0 0 rg BT 399.64 497.10 Td ( provisions of the ) Tj ET Q q 0 0 0 rg BT 471.68 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 477.09 497.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 488.48 497.10 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 473.10 Td (The following is a reconciliation of the total amounts of unrecognized tax benefits \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 438.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 438.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 438.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 438.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 410.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 382.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 382.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 450.6 m 438.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 450.6 m 442.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 450.6 m 507.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 450.6 m 511.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 450.6 m 576.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 438.6 m 438.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 438.6 m 507.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 438.6 m 576.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 438.6 m 438.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 438.6 m 507.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 438.6 m 576.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 368.6 m 438.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 368.6 m 507.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 368.6 m 576.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 368.6 m 438.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 355.6 m 438.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 353.6 m 438.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 368.6 m 507.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 355.6 m 507.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 353.6 m 507.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 368.6 m 576.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 355.6 m 576.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 353.6 m 576.5 353.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 454.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 454.68 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 454.68 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 454.68 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 454.68 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 442.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 442.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 442.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 442.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 429.17 Td (Unrecognized tax benefit, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 429.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 429.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 429.17 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 415.17 Td (Additions based on current year tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 415.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 415.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 401.17 Td (Additions for prior years) Tj ET Q q 0 0 0 rg BT 141.10 401.17 Td ( tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 401.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 387.17 Td (Settlements with tax authorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 387.22 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 387.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 387.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 387.17 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 387.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 373.17 Td (Reductions for prior years) Tj ET Q q 0 0 0 rg BT 146.65 373.17 Td ( tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 373.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 373.17 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 359.17 Td (Unrecognized tax benefit, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 359.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 359.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 359.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 359.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 359.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 359.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 359.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 343.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 331.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 331.10 Td (s policy is to recognize interest and penalties related to uncertain tax positions, if any) Tj ET Q q 0 0 0 rg BT 471.24 331.10 Td (, in the income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 319.10 Td (provision. ) Tj ET Q q 0 0 0 rg BT 78.23 319.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.73 319.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.31 319.10 Td (, no interest and penalties related to uncertain tax positions have been accrued. ) Tj ET Q q 0 0 0 rg BT 485.40 319.10 Td (The Company does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 307.10 Td (not anticipate that the amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 283.10 Td (The Company is subject to United States federal and state taxation. Due to the presence of net operating loss carryforwards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 271.10 Td (all income tax years remain open for examination by the IRS and various state taxing authorities. During 2017, the Company settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 259.10 Td (an income tax examination for the 2013 and 2014 tax years, for an immaterial assessment. ) Tj ET Q q 0 0 0 rg BT 399.32 259.10 Td (The Company is not currently under IRS or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 247.10 Td (state tax examination.) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (10. Net Loss Per) Tj ET Q q 0 0 0 rg BT 105.25 677.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 128.13 677.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.25 Td (The Company applies the two-class method for calculating basic earnings per share. Under the two-class method, net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (\(loss\) is reduced by cumulative preferred stock dividends and the residual amount is allocated between common stock and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (participating securities based on their participation rights. Participating securities comprised of restricted common stock, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (participate in dividends, if declared, by the Company) Tj ET Q q 0 0 0 rg BT 247.79 617.25 Td (. ) Tj ET Q q 0 0 0 rg BT 252.24 617.25 Td (As the Company has reported a net loss for all periods, and the participating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (securities were not contractually obligated to share in the losses of the Company) Tj ET Q q 0 0 0 rg BT 356.93 605.25 Td (, accordingly) Tj ET Q q 0 0 0 rg BT 408.48 605.25 Td (, no losses were allocated to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (participating securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 569.25 Td (Basic earnings per share is calculated by dividing net income \(loss\) attributable to common stockholders by the weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (average number of shares of common stock outstanding, net of the weighted average unvested restricted stock subject to repurchase by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 88.95 545.25 Td (, if any) Tj ET Q q 0 0 0 rg BT 116.35 545.25 Td (, during the period. Diluted earnings per share is calculated by dividing the net income \(loss\) attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (common stockholders by the weighted average number of common shares outstanding, adjusted for the ef) Tj ET Q q 0 0 0 rg BT 459.32 533.25 Td (fects of potentially dilutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (common stock, which are comprised of stock options, restricted stock units and stock warrants, using the treasury-stock method, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (convertible preferred stock, using the if-converted method. Because the Company reported losses attributable to common stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (for all periods presented, all potentially dilutive common stock are antidilutive for those periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 473.25 Td (The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.30 461.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.88 461.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.88 461.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.88 461.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.32 461.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.32 461.25 Td ( \(in thousands, except per share data\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 414.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 414.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 414.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 414.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 414.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 414.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 386.75 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 386.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 386.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 386.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 386.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 386.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 426.75 m 438.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 426.75 m 442.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 426.75 m 507.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 426.75 m 511.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 426.75 m 576.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 426.75 m 438.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 414.75 m 438.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 426.75 m 507.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 414.75 m 507.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 426.75 m 576.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 414.75 m 576.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 414.75 m 438.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 400.75 m 438.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 414.75 m 507.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 400.75 m 507.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 414.75 m 576.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 400.75 m 576.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 400.75 m 438.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 386.75 m 438.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 400.75 m 507.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 386.75 m 507.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 400.75 m 576.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 386.75 m 576.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 386.75 m 438.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 372.75 m 438.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 386.75 m 507.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 372.75 m 507.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 386.75 m 576.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 372.75 m 576.5 372.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 430.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 430.83 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 430.83 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 430.83 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 506.85 430.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 418.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 418.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 418.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 418.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 405.32 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 405.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 405.37 Td (\(32,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 405.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 405.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 405.37 Td (\(41,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 405.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 405.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 405.32 Td (\(64,91) Tj ET Q q 0 0 0 rg BT 567.63 405.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 405.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 391.32 Td (W) Tj ET Q q 0 0 0 rg BT 48.04 391.32 Td (eighted-average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 391.32 Td (94,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 391.32 Td (84,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 391.32 Td (81,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 377.32 Td (Net loss per share basic and diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 377.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 377.37 Td (\(0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 377.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 377.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 377.37 Td (\(0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 377.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 377.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 377.32 Td (\(0.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 377.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 361.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 349.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 349.25 Td (The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 337.25 Td (attributable to common stockholders at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.57 337.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.16 337.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.16 337.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.16 337.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.60 337.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.60 337.25 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 288.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 288.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 288.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 288.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 288.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 288.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 258.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 258.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 258.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 258.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 258.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 258.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 301.75 m 438.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 301.75 m 442.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 301.75 m 507.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 301.75 m 511.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 301.75 m 576.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 301.75 m 438.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 288.75 m 438.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 301.75 m 507.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 288.75 m 507.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 301.75 m 576.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 288.75 m 576.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 288.75 m 438.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 288.75 m 507.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 288.75 m 576.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 243.75 m 438.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 219.75 m 438.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 217.75 m 438.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 243.75 m 507.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 219.75 m 507.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 217.75 m 507.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 243.75 m 576.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 219.75 m 576.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 217.75 m 576.5 217.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 306.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 305.98 Td (December) Tj ET Q q 0 0 0 rg BT 485.82 305.98 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 293.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 292.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 292.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 292.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 278.42 Td (Options to purchase common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 278.42 Td (16,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 278.42 Td (24,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 278.42 Td (24,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 263.42 Td (Common stock warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 263.42 Td (1,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 263.42 Td (1,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 263.42 Td (1,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 248.42 Td (Unvested restricted stock awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 248.42 Td (4,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 248.42 Td (4,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 248.42 Td (3,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 233.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 233.42 Td (otal shares excluded from net loss per share attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 223.42 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 223.42 Td (22,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 223.42 Td (30,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 223.42 Td (29,656) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 171.25 Td (1) Tj ET Q q 0 0 0 rg BT 40.45 171.25 Td (1. Employee Benefit Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 147.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 147.25 Td (The Company has a 401\(k\) Savings Retirement Plan that covers substantially all full-time employees who meet the plan) Tj ET Q q 0 0 0 rg BT 555.50 147.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 135.25 Td (eligibility requirements and provides for an employee elective contribution. ) Tj ET Q q 0 0 0 rg BT 340.73 135.25 Td (The Company made matching contributions to the plan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 123.25 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 123.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.89 123.25 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.78 123.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.22 123.25 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.11 123.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.47 123.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.05 123.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.05 123.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.05 123.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.99 123.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.99 123.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 486.65 123.25 Td (.) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 721.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.18 721.60 Td (rueCar) Tj ET Q q 0 0 0 rg BT 313.36 721.60 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.10 700.60 Td (Notes to Consolidated Financial Statements \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (12. Related Party ) Tj ET Q q 0 0 0 rg BT 112.46 653.25 Td (T) Tj ET Q q 0 0 0 rg BT 118.39 653.25 Td (ransactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Service Pr) Tj ET Q q 0 0 0 rg BT 79.96 629.25 Td (ovider) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 605.25 Td (From October 2013 to October 2015, an executive of) Tj ET Q q 0 0 0 rg BT 284.26 605.25 Td (ficer of the Company was an of) Tj ET Q q 0 0 0 rg BT 410.15 605.25 Td (ficer of a firm that provided marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (services to the Company) Tj ET Q q 0 0 0 rg BT 133.94 593.25 Td (. For the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.13 593.25 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.22 593.25 Td ( 2015, the Company recorded sales and marketing expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 593.25 Td ($6.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 569.64 593.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (for expenses paid to this marketing firm. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 557.25 Td (ransactions with USAA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 533.25 Td (USAA) Tj ET Q q 0 0 0 rg BT 98.67 533.25 Td ( is a lar) Tj ET Q q 0 0 0 rg BT 127.65 533.25 Td (ge stockholder in the Company and the Company's most significant af) Tj ET Q q 0 0 0 rg BT 408.11 533.25 Td (finity marketing partner) Tj ET Q q 0 0 0 rg BT 503.08 533.25 Td (. ) Tj ET Q q 0 0 0 rg BT 507.90 533.25 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (has entered into arrangements with USAA) Tj ET Q q 0 0 0 rg BT 205.13 521.25 Td ( to operate its ) Tj ET Q q 0 0 0 rg BT 261.22 521.25 Td (Auto Buying Program. ) Tj ET Q q 0 0 0 rg BT 354.93 521.25 Td (The Company has amounts due from USAA) Tj ET Q q 0 0 0 rg BT 532.13 521.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 509.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.02 509.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.02 509.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.35 509.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.24 509.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.68 509.25 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.57 509.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 337.24 509.25 Td (. In addition, the Company has amounts due to USAA) Tj ET Q q 0 0 0 rg BT 553.05 509.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 497.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.02 497.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.02 497.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.35 497.25 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.24 497.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.68 497.25 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.57 497.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 337.24 497.25 Td (. ) Tj ET Q q 0 0 0 rg BT 341.68 497.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.18 497.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.77 497.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.21 497.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.21 497.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.21 497.25 Td ($3.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.10 497.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.54 497.25 Td ($2.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 485.25 Td ( was included in accounts payable, respectively) Tj ET Q q 0 0 0 rg BT 253.90 485.25 Td (, while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.61 485.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 485.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.94 485.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.83 485.25 Td ( was included in accrued expenses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (other current liabilities, respectively) Tj ET Q q 0 0 0 rg BT 179.74 473.25 Td (. ) Tj ET Q q 0 0 0 rg BT 184.56 473.25 Td (The Company recorded sales and marketing expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.92 473.25 Td ($16.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.82 473.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.82 473.25 Td ($13.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.71 473.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 473.25 Td ($14.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 461.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.24 461.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.83 461.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.83 461.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.83 461.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.27 461.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.27 461.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 341.93 461.25 Td (, related to service arrangements entered into with USAA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (including non-cash expense associated with warrants to purchase shares of common stock \(Note7\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (13. Revenue Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.25 Td (The CODM reviews financial information on a consolidated basis, accompanied by information about transaction revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (and forecasts, consulting and other revenue. ) Tj ET Q q 0 0 0 rg BT 214.09 389.25 Td (The following table presents the Company) Tj ET Q q 0 0 0 rg BT 387.11 389.25 Td (s revenue categories during the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (presented \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 336.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 336.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 336.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 336.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 336.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 336.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 306.75 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 306.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 306.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 306.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 348.75 m 438.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 336.75 m 438.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 348.75 m 507.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 336.75 m 507.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 348.75 m 576.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 336.75 m 576.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 336.75 m 438.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 336.75 m 507.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 336.75 m 576.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 306.75 m 438.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 306.75 m 507.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 306.75 m 576.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 306.75 m 438.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 292.75 m 438.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 290.75 m 438.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 306.75 m 507.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 292.75 m 507.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 290.75 m 507.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 306.75 m 576.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 292.75 m 576.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 290.75 m 576.5 290.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 352.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.20 352.83 Td (Y) Tj ET Q q 0 0 0 rg BT 435.53 352.83 Td (ear) Tj ET Q q 0 0 0 rg BT 446.12 352.83 Td (Ended December) Tj ET Q q 0 0 0 rg BT 506.85 352.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 340.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.50 340.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 340.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 340.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 326.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.93 326.42 Td (ransaction revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 326.42 Td (303,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 326.42 Td (259,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 326.42 Td (241,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 311.42 Td (Forecasts, consulting and other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 311.42 Td (19,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 311.42 Td (17,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 311.42 Td (18,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 296.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 296.42 Td (otal revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 296.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 296.42 Td (323,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 296.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 296.42 Td (277,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 296.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 296.42 Td (259,838) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 280.25 Td () Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 23.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.85 706.25 Td (CONSENT) Tj ET Q q 0 0 0 rg BT 180.01 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 196.03 706.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 271.14 706.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 381.44 706.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 682.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 682.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 95.28 682.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 128.33 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.61 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.33 682.25 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 209.70 682.25 Td (by ) Tj ET Q q 0 0 0 rg BT 222.20 682.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 261.88 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.16 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.88 682.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 338.26 682.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 384.64 682.25 Td (on ) Tj ET Q q 0 0 0 rg BT 397.14 682.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 421.31 682.25 Td (S) Tj ET Q /GS0 gs q 3.00 0 0 10.09 426.87 680.09 cm /I25 Do Q q 0 0 0 rg BT 429.87 682.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 437.37 682.25 Td (\(No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.42 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.92 682.25 Td (333-222684,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.75 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.25 682.25 Td (No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.97 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (333-215615, No. 333-209328, No. 333-2021) Tj ET Q q 0 0 0 rg BT 229.06 670.25 Td (16 and No. 333-196017\) and on Form S-3 \(No. 333-215614\) of ) Tj ET Q q 0 0 0 rg BT 485.24 670.25 Td (T) Tj ET Q q 0 0 0 rg BT 491.00 670.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 517.81 670.25 Td (, Inc. of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (our report dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.36 658.25 Td (February28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 658.25 Td ( relating to the financial statements) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 330.19 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 332.69 658.25 Td (and the ef) Tj ET Q q 0 0 0 rg BT 371.93 658.25 Td (fectiveness of internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 91.66 646.25 Td (which ) Tj ET Q q 0 0 0 rg BT 118.59 646.25 Td (appears ) Tj ET Q q 0 0 0 rg BT 151.63 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.91 646.25 Td (this ) Tj ET Q q 0 0 0 rg BT 178.86 646.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 203.03 646.25 Td (10) Tj ET Q /GS0 gs q 3.00 0 0 10.09 213.03 644.09 cm /I26 Do Q q 0 0 0 rg BT 216.03 646.25 Td (K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (/s/ PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 2.50 0 0 10.09 50.00 608.09 cm /I27 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Los ) Tj ET Q q 0 0 0 rg BT 66.95 598.25 Td (Angeles, ) Tj ET Q q 0 0 0 rg BT 104.72 598.25 Td (California) Tj ET Q /GS0 gs q 2.50 0 0 10.09 145.26 596.09 cm /I28 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (February28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 586.25 Td ( ) Tj ET Q endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.85 718.25 Td (Certification ofPrincipalExecutive Officer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.85 706.25 Td (Pursuant to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.05 694.25 Td (Securities Exchange ) Tj ET Q q 0 0 0 rg BT 275.82 694.25 Td (Act Rules 13a-14\(a\) and 15d-14\(a\),) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.70 682.25 Td (As ) Tj ET Q q 0 0 0 rg BT 267.76 682.25 Td (Adopted Pursuant to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.80 670.25 Td (Securities 302 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 360.84 670.25 Td (Act of 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (I,Chip Perry) Tj ET Q q 0 0 0 rg BT 101.29 646.25 Td (, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 616.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.25 Td (I have reviewed this ) Tj ET Q q 0 0 0 rg BT 168.75 616.25 Td (Annual Report on Form 10-K of ) Tj ET Q q 0 0 0 rg BT 300.78 616.25 Td (T) Tj ET Q q 0 0 0 rg BT 306.53 616.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 333.34 616.25 Td (, Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (fact necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (misleading with respect to the period covered by this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 556.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.25 Td (present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.25 Td (for) Tj ET Q q 0 0 0 rg BT 97.26 532.25 Td (, the periods presented in this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 514.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 514.25 Td (ficer and I are responsible for establishing and maintaining disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (procedures \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 230.66 502.25 Td (Act Rules 13a15\(e\) and 15d15\(e\)\) and internal control over financial reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (\(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 184.30 490.25 Td (Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 472.25 Td (a. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 472.25 Td (Designed such disclosure controls andprocedures, or caused such disclosure controls and procedures to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 460.25 Td (designed under our supervision, to ensure that material information relating to the registrant, including its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 448.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 436.25 Td (which this report is being prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.25 Td (b. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 418.25 Td (Designed such internal control over financial reporting, or caused such internal control over financial reporting to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 406.25 Td (be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 394.25 Td (and the preparation of financial statements for external purposes in accordance with generally accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 382.25 Td (accounting principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 364.25 Td (c. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 364.25 Td (Evaluated the ef) Tj ET Q q 0 0 0 rg BT 168.79 364.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 281.80 364.25 Td (s disclosure controls and procedures and presented in this report our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 352.25 Td (conclusions about the ef) Tj ET Q q 0 0 0 rg BT 200.74 352.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 340.25 Td (by this report based on such evaluation; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 322.25 Td (d. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 322.25 Td (Disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 312.83 322.25 Td (s internal control over financial reporting that occurred during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 310.25 Td (the registrant) Tj ET Q q 0 0 0 rg BT 159.26 310.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 328.08 310.25 Td (s fourth fiscal quarter in the case of an annual report\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 298.25 Td (has materially af) Tj ET Q q 0 0 0 rg BT 170.46 298.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 351.87 298.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 427.12 298.25 Td (s internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 286.25 Td (reporting; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 268.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 268.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 268.25 Td (ficer and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 250.94 256.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 457.00 256.25 Td (s board of directors \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 244.25 Td (persons performing the equivalent functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.25 Td (a. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.25 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 214.25 Td (reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 314.57 214.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 387.32 214.25 Td (s ability to record, process, summarize and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 202.25 Td (report financial information; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 184.25 Td (b. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 184.25 Td (Any fraud, whether or not material, that involves management or other employees who have a significant role in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 172.25 Td (the registrant) Tj ET Q q 0 0 0 rg BT 159.26 172.25 Td (s internal control over financial reporting.) 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Tj ET Q q 0 0 0 rg BT 159.26 310.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 328.08 310.25 Td (s fourth fiscal quarter in the case of an annual report\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 298.25 Td (has materially af) Tj ET Q q 0 0 0 rg BT 170.46 298.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 351.87 298.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 427.12 298.25 Td (s internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 286.25 Td (reporting; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 268.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 268.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 268.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 268.25 Td (ficer and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 256.25 Td (over financial reporting, to the 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fraud, whether or not material, that involves management or other employees who have a significant role in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 172.25 Td (the registrant) Tj ET Q q 0 0 0 rg BT 159.26 172.25 Td (s internal control over financial reporting.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 100.75 m 455.5 100.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 134.32 Td (Date: February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 120.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 105.42 Td (/s/ John Pierantoni) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 91.32 Td (John Pierantoni) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 77.31 Td (Interim Chief Financial Officer & Chief Financial Officer) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 63.31 Td (\(Principal Financial Officer & Principal ) Tj ET Q q 0 0 0 rg BT 219.18 63.31 Td (Accounting Officer\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 32.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.80 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 192.56 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 226.82 730.25 Td (TIONSOF) Tj ET Q q 0 0 0 rg BT 273.96 730.25 Td ( PRINCIP) Tj ET Q q 0 0 0 rg BT 317.39 730.25 Td (AL) Tj ET Q q 0 0 0 rg BT 330.73 730.25 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.70 718.25 Td (AND PRINCIP) Tj ET Q q 0 0 0 rg BT 278.79 718.25 Td (AL) Tj ET Q q 0 0 0 rg BT 292.13 718.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 350.75 718.25 Td ( OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.05 706.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 267.32 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.64 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 276.13 706.25 Td (O18 U.S.C. SECTION 1350,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.50 694.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 252.23 694.25 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 357.89 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.21 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 366.70 694.25 Td (O) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.10 682.25 Td (SECTION 906 OF) Tj ET Q q 0 0 0 rg BT 255.63 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.95 682.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 373.44 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.39 682.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 396.32 682.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 412.33 682.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (In connectionwith the ) Tj ET Q q 0 0 0 rg BT 177.65 646.25 Td (Annual Report of ) Tj ET Q q 0 0 0 rg BT 249.95 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 255.71 646.25 Td (rueCar) Tj ET Q q 0 0 0 rg BT 282.51 646.25 Td (, Inc. \(the Company\), on Form10-K for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (theperiodendedDecember 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.72 634.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.72 634.25 Td (, as filed with the Securities and Exchange Commission \(the Report\),Chip Perry) Tj ET Q q 0 0 0 rg BT 528.67 634.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (asChief Executive Of) Tj ET Q q 0 0 0 rg BT 138.40 622.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 156.31 622.25 Td (, and John Pierantoni, asInterim Chief Financial Of) Tj ET Q q 0 0 0 rg BT 365.81 622.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 383.73 622.25 Td (, of the Company) Tj ET Q q 0 0 0 rg BT 452.51 622.25 Td (, each hereby certifies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (pursuant to Section906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 238.57 610.25 Td (Act of 2002 \(18U.S.C.Section1350\),to his knowledge:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 592.25 Td (The Report fully complies with the requirements of Section13\(a\) or 15\(d\) of the Securities Exchange) Tj ET Q q 0 0 0 rg BT 512.22 592.25 Td (Act of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 580.25 Td (1934; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 562.25 Td (The information contained in the Report fairly presents, in all material respects, the financial condition and results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 550.25 Td (of operations of the Company) Tj ET Q q 0 0 0 rg BT 222.77 550.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 500.75 m 534 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 425.75 m 534 425.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 505.42 Td (Date: February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.50 505.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.70 505.42 Td (/s/ Chip Perry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.40 490.42 Td ( Chip Perry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.20 475.42 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 447.51 475.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.25 460.42 Td (\(Principal Executive Of) Tj ET Q q 0 0 0 rg BT 426.13 460.42 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 430.42 Td (Date: February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.50 430.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.25 430.42 Td (/s/ John 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ET Q q 0 0 0 rg BT 480.62 658.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 540.66 658.25 Td (\(this) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 562.00 658.25 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 643.85 Td (Amendment\) ) Tj ET Q q 0 0 0 rg BT 126.85 643.85 Td (is ) Tj ET Q q 0 0 0 rg BT 138.24 643.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 176.94 643.85 Td (into ) Tj ET Q q 0 0 0 rg BT 198.99 643.85 Td (as ) Tj ET Q q 0 0 0 rg BT 212.37 643.85 Td (of ) Tj ET Q q 0 0 0 rg BT 225.75 643.85 Td (February ) Tj ET Q q 0 0 0 rg BT 272.46 643.85 Td (28, ) Tj ET Q q 0 0 0 rg BT 290.84 643.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 321.23 643.85 Td (and ) Tj ET Q q 0 0 0 rg BT 341.94 643.85 Td (deemed ) Tj ET Q q 0 0 0 rg BT 382.64 643.85 Td (ef) Tj ET Q q 0 0 0 rg BT 391.74 643.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 427.77 643.85 Td (as ) Tj ET Q q 0 0 0 rg BT 441.15 643.85 Td (of ) Tj ET Q q 0 0 0 rg BT 454.53 643.85 Td (February ) Tj ET Q q 0 0 0 rg BT 501.24 643.85 Td (18, ) Tj ET Q q 0 0 0 rg BT 519.62 643.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 550.01 643.85 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.45 Td (and ) Tj ET Q q 0 0 0 rg BT 72.96 629.45 Td (between ) Tj ET Q q 0 0 0 rg BT 119.07 629.45 Td (Silicon ) Tj ET Q q 0 0 0 rg BT 158.76 629.45 Td (V) Tj ET Q q 0 0 0 rg BT 166.10 629.45 Td (alley ) Tj ET Q q 0 0 0 rg BT 195.55 629.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 227.01 629.45 Td (\(Bank\) ) Tj ET Q q 0 0 0 rg BT 277.12 629.45 Td (and ) Tj ET Q q 0 0 0 rg BT 300.13 629.45 Td (T) Tj ET Q q 0 0 0 rg BT 307.04 629.45 Td (rueCar) Tj ET Q q 0 0 0 rg BT 339.21 629.45 Td (, ) Tj ET Q q 0 0 0 rg BT 348.34 629.45 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 375.80 629.45 Td (a ) Tj ET Q q 0 0 0 rg BT 387.25 629.45 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 439.35 629.45 Td (corporation ) Tj ET Q q 0 0 0 rg BT 500.80 629.45 Td (\(T) Tj ET Q q 0 0 0 rg BT 517.03 629.45 Td (rueCar\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 615.05 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 615.05 Td (rueCar) Tj ET Q q 0 0 0 rg BT 88.39 615.05 Td (.com, ) Tj ET Q q 0 0 0 rg BT 117.42 615.05 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 141.12 615.05 Td (a ) Tj ET Q q 0 0 0 rg BT 148.81 615.05 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 197.15 615.05 Td (corporation ) Tj ET Q q 0 0 0 rg BT 254.83 615.05 Td (\(T) Tj ET Q q 0 0 0 rg BT 271.06 615.05 Td (rueCar) Tj ET Q q 0 0 0 rg BT 303.05 615.05 Td (.com\), ) Tj ET Q q 0 0 0 rg BT 341.40 615.05 Td (and ) Tj ET Q q 0 0 0 rg BT 360.58 615.05 Td (ALG, ) Tj ET Q q 0 0 0 rg BT 390.61 615.05 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 414.30 615.05 Td (a ) Tj ET Q q 0 0 0 rg BT 422.00 615.05 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 470.33 615.05 Td (corporation ) Tj ET Q q 0 0 0 rg BT 528.02 615.05 Td (\(ALG ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 68.58 600.65 Td (together ) Tj ET Q q 0 0 0 rg BT 109.64 600.65 Td (with ) Tj ET Q q 0 0 0 rg BT 132.60 600.65 Td (T) Tj ET Q q 0 0 0 rg BT 139.51 600.65 Td (rueCar ) Tj ET Q q 0 0 0 rg BT 173.91 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 192.86 600.65 Td (T) Tj ET Q q 0 0 0 rg BT 199.77 600.65 Td (rueCar) Tj ET Q q 0 0 0 rg BT 231.75 600.65 Td (.com, ) Tj ET Q q 0 0 0 rg BT 260.16 600.65 Td (individually ) Tj ET Q q 0 0 0 rg BT 319.91 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 338.99 600.65 Td (collectively) Tj ET Q q 0 0 0 rg BT 394.18 600.65 Td (, ) Tj ET Q q 0 0 0 rg BT 398.93 600.65 Td (jointly ) Tj ET Q q 0 0 0 rg BT 432.02 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 451.10 600.65 Td (severally) Tj ET Q q 0 0 0 rg BT 493.63 600.65 Td (, ) Tj ET Q q 0 0 0 rg BT 498.38 600.65 Td (Borrower\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 83.16 586.25 Td (address ) Tj ET Q q 0 0 0 rg BT 122.15 586.25 Td (is ) Tj ET Q q 0 0 0 rg BT 133.15 586.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 154.15 586.25 Td (Broadway) Tj ET Q q 0 0 0 rg BT 202.69 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 208.69 586.25 Td (Suite ) Tj ET Q q 0 0 0 rg BT 236.36 586.25 Td (200, ) Tj ET Q q 0 0 0 rg BT 260.36 586.25 Td (Santa ) Tj ET Q q 0 0 0 rg BT 290.02 586.25 Td (Monica, ) Tj ET Q q 0 0 0 rg BT 332.68 586.25 Td (CA) Tj ET Q q 0 0 0 rg BT 348.69 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 586.25 Td (90401.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 285.40 559.85 Td (Recitals) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 85.50 533.45 Td (A.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 97.17 533.45 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 533.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 150.82 533.45 Td (and ) Tj ET Q q 0 0 0 rg BT 172.13 533.45 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 222.10 533.45 Td (have ) Tj ET Q q 0 0 0 rg BT 248.74 533.45 Td (entered ) Tj ET Q q 0 0 0 rg BT 288.03 533.45 Td (into ) Tj ET Q q 0 0 0 rg BT 310.68 533.45 Td (that ) Tj ET Q q 0 0 0 rg BT 332.66 533.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.00 533.45 Td (Third ) Tj ET Q q 0 0 0 rg BT 398.77 533.45 Td (Amended ) Tj ET Q q 0 0 0 rg BT 449.41 533.45 Td (and ) Tj ET Q q 0 0 0 rg BT 470.72 533.45 Td (Restated ) Tj ET Q q 0 0 0 rg BT 516.03 533.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 544.67 533.45 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 519.05 Td (Security ) Tj ET Q q 0 0 0 rg BT 91.14 519.05 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 146.57 519.05 Td (dated ) Tj ET Q q 0 0 0 rg BT 174.67 519.05 Td (as ) Tj ET Q q 0 0 0 rg BT 186.79 519.05 Td (of ) Tj ET Q q 0 0 0 rg BT 198.90 519.05 Td (February ) Tj ET Q q 0 0 0 rg BT 244.34 519.05 Td (18, ) Tj ET Q q 0 0 0 rg BT 261.46 519.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 287.57 519.05 Td (\(as ) Tj ET Q q 0 0 0 rg BT 303.68 519.05 Td (the ) Tj ET Q q 0 0 0 rg BT 320.46 519.05 Td (same ) Tj ET Q q 0 0 0 rg BT 347.24 519.05 Td (may ) Tj ET Q q 0 0 0 rg BT 370.02 519.05 Td (from ) Tj ET Q q 0 0 0 rg BT 395.46 519.05 Td (time ) Tj ET Q q 0 0 0 rg BT 418.91 519.05 Td (to ) Tj ET Q q 0 0 0 rg BT 430.36 519.05 Td (time ) Tj ET Q q 0 0 0 rg BT 453.80 519.05 Td (be ) Tj ET Q q 0 0 0 rg BT 467.25 519.05 Td (amended, ) Tj ET Q q 0 0 0 rg BT 515.68 519.05 Td (modified, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 504.65 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 119.15 504.65 Td (or ) Tj ET Q q 0 0 0 rg BT 132.15 504.65 Td (restated, ) Tj ET Q q 0 0 0 rg BT 175.46 504.65 Td (the ) Tj ET Q q 0 0 0 rg BT 193.12 504.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 225.44 504.65 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 294.07 504.65 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 85.50 478.25 Td (B.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 96.50 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 478.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 149.83 478.25 Td (has ) Tj ET Q q 0 0 0 rg BT 168.83 478.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 215.14 478.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 245.46 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.79 478.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 306.77 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 323.77 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.43 478.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 387.09 478.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 436.07 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.41 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.07 478.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 493.06 478.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 552.37 478.25 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 85.50 451.85 Td (C.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 97.17 451.85 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 451.85 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 169.88 451.85 Td (has ) Tj ET Q q 0 0 0 rg BT 188.28 451.85 Td (requested ) Tj ET Q q 0 0 0 rg BT 236.66 451.85 Td (that ) Tj ET Q q 0 0 0 rg BT 257.05 451.85 Td (Bank ) Tj ET Q q 0 0 0 rg BT 284.78 451.85 Td (amend ) Tj ET Q q 0 0 0 rg BT 319.17 451.85 Td (the ) Tj ET Q q 0 0 0 rg BT 336.23 451.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 362.75 451.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 418.46 451.85 Td (to ) Tj ET Q q 0 0 0 rg BT 430.19 451.85 Td (\(i\)extend ) Tj ET Q q 0 0 0 rg BT 478.90 451.85 Td (the ) Tj ET Q q 0 0 0 rg BT 495.96 451.85 Td (maturity ) Tj ET Q q 0 0 0 rg BT 539.02 451.85 Td (date, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 437.45 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 67.81 437.45 Td (modify ) Tj ET Q q 0 0 0 rg BT 106.13 437.45 Td (the ) Tj ET Q q 0 0 0 rg BT 124.45 437.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.08 437.45 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 224.72 437.45 Td (and ) Tj ET Q q 0 0 0 rg BT 245.70 437.45 Td (\(iii\)make ) Tj ET Q q 0 0 0 rg BT 296.33 437.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 332.63 437.45 Td (other ) Tj ET Q q 0 0 0 rg BT 360.94 437.45 Td (revisions ) Tj ET Q q 0 0 0 rg BT 407.93 437.45 Td (to ) Tj ET Q q 0 0 0 rg BT 420.92 437.45 Td (the ) Tj ET Q q 0 0 0 rg BT 439.23 437.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 466.73 437.45 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 523.70 437.45 Td (as ) Tj ET Q q 0 0 0 rg BT 537.35 437.45 Td (more ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 423.05 Td (fully ) Tj ET Q q 0 0 0 rg BT 75.16 423.05 Td (set ) Tj ET Q q 0 0 0 rg BT 91.49 423.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 117.82 423.05 Td (herein.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 85.50 396.65 Td (D.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 97.17 396.65 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 396.65 Td (Bank ) Tj ET Q q 0 0 0 rg BT 148.98 396.65 Td (has ) Tj ET Q q 0 0 0 rg BT 167.13 396.65 Td (agreed ) Tj ET Q q 0 0 0 rg BT 201.26 396.65 Td (to ) Tj ET Q q 0 0 0 rg BT 212.74 396.65 Td (so ) Tj ET Q q 0 0 0 rg BT 225.56 396.65 Td (amend ) Tj ET Q q 0 0 0 rg BT 259.70 396.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 294.50 396.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 346.65 396.65 Td (of ) Tj ET Q q 0 0 0 rg BT 358.80 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 375.61 396.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 401.95 396.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 460.41 396.65 Td (but ) Tj ET Q q 0 0 0 rg BT 477.89 396.65 Td (only ) Tj ET Q q 0 0 0 rg BT 501.38 396.65 Td (to ) Tj ET Q q 0 0 0 rg BT 512.86 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 529.68 396.65 Td (extent, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.86 382.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 116.83 382.25 Td (with ) Tj ET Q q 0 0 0 rg BT 140.19 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.87 382.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 188.55 382.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 224.56 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.92 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.60 382.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 304.62 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.96 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.32 382.25 Td (reliance ) Tj ET Q q 0 0 0 rg BT 375.31 382.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 401.33 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.01 382.25 Td (representations ) Tj ET Q q 0 0 0 rg BT 492.67 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.02 382.25 Td (warranties ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 367.85 Td (set ) Tj ET Q q 0 0 0 rg BT 65.83 367.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 92.16 367.85 Td (below) Tj ET Q q 0 0 0 rg BT 120.70 367.85 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 277.50 341.45 Td (Agr) Tj ET Q q 0 0 0 rg BT 297.28 341.45 Td (eement) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 85.50 315.05 Td (Now) Tj ET Q q 0 0 0 rg BT 108.17 315.05 Td (, ) Tj ET Q q 0 0 0 rg BT 113.00 315.05 Td (Ther) Tj ET Q q 0 0 0 rg BT 138.11 315.05 Td (efor) Tj ET Q q 0 0 0 rg BT 158.54 315.05 Td (e,) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 166.87 315.05 Td ( ) Tj ET Q q 0 0 0 rg BT 168.83 315.05 Td (in ) Tj ET Q q 0 0 0 rg BT 180.13 315.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 246.75 315.05 Td (of ) Tj ET Q q 0 0 0 rg BT 258.71 315.05 Td (the ) Tj ET Q q 0 0 0 rg BT 275.34 315.05 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 323.96 315.05 Td (recitals ) Tj ET Q q 0 0 0 rg BT 360.57 315.05 Td (and ) Tj ET Q q 0 0 0 rg BT 379.87 315.05 Td (other ) Tj ET Q q 0 0 0 rg BT 406.49 315.05 Td (good ) Tj ET Q q 0 0 0 rg BT 432.46 315.05 Td (and ) Tj ET Q q 0 0 0 rg BT 451.75 315.05 Td (valuable ) Tj ET Q q 0 0 0 rg BT 494.36 315.05 Td (consideration, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 300.65 Td (the ) Tj ET Q q 0 0 0 rg BT 67.58 300.65 Td (receipt ) Tj ET Q q 0 0 0 rg BT 103.64 300.65 Td (and ) Tj ET Q q 0 0 0 rg BT 124.38 300.65 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 173.10 300.65 Td (of ) Tj ET Q q 0 0 0 rg BT 186.52 300.65 Td (which ) Tj ET Q q 0 0 0 rg BT 219.26 300.65 Td (is ) Tj ET Q q 0 0 0 rg BT 230.68 300.65 Td (hereby ) Tj ET Q q 0 0 0 rg BT 266.75 300.65 Td (acknowledged, ) Tj ET Q q 0 0 0 rg BT 342.47 300.65 Td (and ) Tj ET Q q 0 0 0 rg BT 363.21 300.65 Td (intending ) Tj ET Q q 0 0 0 rg BT 411.96 300.65 Td (to ) Tj ET Q q 0 0 0 rg BT 424.71 300.65 Td (be ) Tj ET Q q 0 0 0 rg BT 439.45 300.65 Td (legally ) Tj ET Q q 0 0 0 rg BT 475.53 300.65 Td (bound, ) Tj ET Q q 0 0 0 rg BT 511.94 300.65 Td (the ) Tj ET Q q 0 0 0 rg BT 530.02 300.65 Td (parties ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (hereto ) Tj ET Q q 0 0 0 rg BT 82.48 286.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 111.46 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 124.45 286.25 Td (follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 259.85 Td (1. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 121.50 259.85 Td (Definitions.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 180.50 259.85 Td ( ) Tj ET Q q 0 0 0 rg BT 185.64 259.85 Td ( ) Tj ET Q q 0 0 0 rg BT 190.77 259.85 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 250.54 259.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 282.33 259.85 Td (used ) Tj ET Q q 0 0 0 rg BT 309.46 259.85 Td (but ) Tj ET Q q 0 0 0 rg BT 329.93 259.85 Td (not ) Tj ET Q q 0 0 0 rg BT 350.39 259.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 391.51 259.85 Td (in ) Tj ET Q q 0 0 0 rg BT 405.97 259.85 Td (this ) Tj ET Q q 0 0 0 rg BT 427.31 259.85 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 491.76 259.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 519.56 259.85 Td (have ) Tj ET Q q 0 0 0 rg BT 547.34 259.85 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 245.45 Td (meanings ) Tj ET Q q 0 0 0 rg BT 98.49 245.45 Td (given ) Tj ET Q q 0 0 0 rg BT 128.15 245.45 Td (to ) Tj ET Q q 0 0 0 rg BT 140.48 245.45 Td (them ) Tj ET Q q 0 0 0 rg BT 167.48 245.45 Td (in ) Tj ET Q q 0 0 0 rg BT 179.81 245.45 Td (the ) Tj ET Q q 0 0 0 rg BT 197.47 245.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 224.47 245.45 Td (Agreement.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 219.05 Td (2. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 121.50 219.05 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 192.50 219.05 Td (to ) Tj ET Q q 0 0 0 rg BT 205.49 219.05 Td (Loan ) Tj ET Q q 0 0 0 rg BT 234.51 219.05 Td (Agr) Tj ET Q q 0 0 0 rg BT 254.29 219.05 Td (eement.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 192.65 Td (2.1 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 192.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 198.55 192.65 Td (6.6 ) Tj ET Q q 0 0 0 rg BT 217.27 192.65 Td (\(Operating ) Tj ET Q q 0 0 0 rg BT 276.84 192.65 Td (Accounts\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 328.16 192.65 Td (. ) Tj ET Q q 0 0 0 rg BT 334.89 192.65 Td ( ) Tj ET Q q 0 0 0 rg BT 338.61 192.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 378.32 192.65 Td (6.6\(a\) ) Tj ET Q q 0 0 0 rg BT 410.36 192.65 Td (is ) Tj ET Q q 0 0 0 rg BT 422.09 192.65 Td (amended ) Tj ET Q q 0 0 0 rg BT 469.13 192.65 Td (by ) Tj ET Q q 0 0 0 rg BT 484.85 192.65 Td (deleting ) Tj ET Q q 0 0 0 rg BT 527.22 192.65 Td (it ) Tj ET Q q 0 0 0 rg BT 537.61 192.65 Td (in ) Tj ET Q q 0 0 0 rg BT 550.67 192.65 Td (its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (entirety ) Tj ET Q q 0 0 0 rg BT 89.15 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.48 178.25 Td (replacing ) Tj ET Q q 0 0 0 rg BT 157.12 178.25 Td (it ) Tj ET Q q 0 0 0 rg BT 166.79 178.25 Td (with ) Tj ET Q q 0 0 0 rg BT 191.12 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.78 178.25 Td (following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 151.85 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 157.50 151.85 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 202.60 151.85 Td (its ) Tj ET Q q 0 0 0 rg BT 215.71 151.85 Td (primary ) Tj ET Q q 0 0 0 rg BT 255.47 151.85 Td (and ) Tj ET Q q 0 0 0 rg BT 274.56 151.85 Td (its ) Tj ET Q q 0 0 0 rg BT 287.67 151.85 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 349.44 151.85 Td ( ) Tj ET Q q 0 0 0 rg BT 351.22 151.85 Td (primary ) Tj ET Q q 0 0 0 rg BT 390.98 151.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 438.06 151.85 Td (and ) Tj ET Q q 0 0 0 rg BT 457.16 151.85 Td (other ) Tj ET Q q 0 0 0 rg BT 483.59 151.85 Td (deposit ) Tj ET Q q 0 0 0 rg BT 520.03 151.85 Td (accounts ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 137.45 Td (and ) Tj ET Q q 0 0 0 rg BT 141.34 137.45 Td (securities ) Tj ET Q q 0 0 0 rg BT 189.18 137.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 233.68 137.45 Td (with ) Tj ET Q q 0 0 0 rg BT 257.53 137.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 285.38 137.45 Td (or ) Tj ET Q q 0 0 0 rg BT 297.89 137.45 Td (Bank) Tj ET Q q 0 0 0 rg BT 326.56 137.45 Td (s ) Tj ET Q q 0 0 0 rg BT 333.19 137.45 Td (Af) Tj ET Q q 0 0 0 rg BT 345.64 137.45 Td (filiates ) Tj ET Q q 0 0 0 rg BT 380.81 137.45 Td (which ) Tj ET Q q 0 0 0 rg BT 412.65 137.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 457.15 137.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 482.33 137.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 528.83 137.45 Td (at ) Tj ET Q q 0 0 0 rg BT 540.01 137.45 Td (least ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 123.05 Td (seventy ) Tj ET Q q 0 0 0 rg BT 161.52 123.05 Td (percent ) Tj ET Q q 0 0 0 rg BT 200.20 123.05 Td (\(70%\) ) Tj ET Q q 0 0 0 rg BT 233.55 123.05 Td (of ) Tj ET Q q 0 0 0 rg BT 246.91 123.05 Td (the ) Tj ET Q q 0 0 0 rg BT 264.94 123.05 Td (dollar ) Tj ET Q q 0 0 0 rg BT 296.30 123.05 Td (value ) Tj ET Q q 0 0 0 rg BT 325.65 123.05 Td (of ) Tj ET Q q 0 0 0 rg BT 339.01 123.05 Td (Borrower) Tj ET Q q 0 0 0 rg BT 385.44 123.05 Td () Tj ET Q q 0 0 0 rg BT 388.78 123.05 Td (s ) Tj ET Q q 0 0 0 rg BT 396.81 123.05 Td (and ) Tj ET Q q 0 0 0 rg BT 417.50 123.05 Td (such ) Tj ET Q q 0 0 0 rg BT 442.87 123.05 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 504.64 123.05 Td ( ) Tj ET Q q 0 0 0 rg BT 508.00 123.05 Td (accounts ) Tj ET Q q 0 0 0 rg BT 553.35 123.05 Td (at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 108.65 Td (all ) Tj ET Q q 0 0 0 rg BT 135.97 108.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.42 108.65 Td (institutions; ) Tj ET Q q 0 0 0 rg BT 239.58 108.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 284.71 108.65 Td (that ) Tj ET Q q 0 0 0 rg BT 305.18 108.65 Td (if ) Tj ET Q q 0 0 0 rg BT 314.98 108.65 Td (Borrower) Tj ET Q q 0 0 0 rg BT 361.41 108.65 Td () Tj ET Q q 0 0 0 rg BT 364.75 108.65 Td (s ) Tj ET Q q 0 0 0 rg BT 371.89 108.65 Td (and ) Tj ET Q q 0 0 0 rg BT 391.69 108.65 Td (its ) Tj ET Q q 0 0 0 rg BT 405.51 108.65 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 467.28 108.65 Td ( ) Tj ET Q q 0 0 0 rg BT 469.75 108.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 517.54 108.65 Td (and ) Tj ET Q q 0 0 0 rg BT 537.35 108.65 Td (other ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 94.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 157.74 94.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 201.30 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.21 94.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 267.11 94.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 310.67 94.25 Td (with ) Tj ET Q q 0 0 0 rg BT 333.58 94.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 360.49 94.25 Td (or ) Tj ET Q q 0 0 0 rg BT 372.06 94.25 Td (Bank) Tj ET Q q 0 0 0 rg BT 400.73 94.25 Td (s ) Tj ET Q q 0 0 0 rg BT 406.63 94.25 Td (Af) Tj ET Q q 0 0 0 rg BT 419.07 94.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 453.31 94.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 470.88 94.25 Td (below ) Tj ET Q q 0 0 0 rg BT 501.78 94.25 Td (such ) Tj ET Q q 0 0 0 rg BT 525.36 94.25 Td (seventy ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 79.85 Td (percent ) Tj ET Q q 0 0 0 rg BT 160.64 79.85 Td (\(70%\) ) Tj ET Q q 0 0 0 rg BT 194.46 79.85 Td (requirement ) Tj ET Q q 0 0 0 rg BT 256.26 79.85 Td (then ) Tj ET Q q 0 0 0 rg BT 280.75 79.85 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 330.56 79.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 357.05 79.85 Td (promptly ) Tj ET Q q 0 0 0 rg BT 404.88 79.85 Td (notify ) Tj ET Q q 0 0 0 rg BT 437.37 79.85 Td (Bank ) Tj ET Q q 0 0 0 rg BT 466.53 79.85 Td (in ) Tj ET Q q 0 0 0 rg BT 479.70 79.85 Td (writing ) Tj ET Q q 0 0 0 rg BT 518.19 79.85 Td (and ) Tj ET Q q 0 0 0 rg BT 539.34 79.85 Td (shall ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 65.45 Td (have ) Tj ET Q q 0 0 0 rg BT 149.45 65.45 Td (five ) Tj ET Q q 0 0 0 rg BT 173.41 65.45 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 192.70 65.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 240.67 65.45 Td (Days ) Tj ET Q q 0 0 0 rg BT 270.64 65.45 Td (from ) Tj ET Q q 0 0 0 rg BT 299.26 65.45 Td (the ) Tj ET Q q 0 0 0 rg BT 319.22 65.45 Td (date ) Tj ET Q q 0 0 0 rg BT 344.51 65.45 Td (of ) Tj ET Q q 0 0 0 rg BT 359.80 65.45 Td (such ) Tj ET Q q 0 0 0 rg BT 387.10 65.45 Td (notice ) Tj ET Q q 0 0 0 rg BT 421.72 65.45 Td (to ) Tj ET Q q 0 0 0 rg BT 436.35 65.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 468.30 65.45 Td (Borrower) Tj ET Q q 0 0 0 rg BT 514.73 65.45 Td () Tj ET Q q 0 0 0 rg BT 518.07 65.45 Td (s ) Tj ET Q q 0 0 0 rg BT 528.04 65.45 Td (and ) Tj ET Q q 0 0 0 rg BT 550.66 65.45 Td (its ) Tj ET Q endstream endobj 225 0 obj <> endobj 226 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 740.70 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 183.27 740.70 Td ( ) Tj ET Q q 0 0 0 rg BT 184.95 740.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 231.95 740.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.95 740.70 Td (other ) Tj ET Q q 0 0 0 rg BT 277.29 740.70 Td (deposit ) Tj ET Q q 0 0 0 rg BT 313.63 740.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 357.30 740.70 Td (and ) Tj ET Q q 0 0 0 rg BT 376.30 740.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 423.30 740.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 466.96 740.70 Td (with ) Tj ET Q q 0 0 0 rg BT 489.98 740.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 516.99 740.70 Td (or ) Tj ET Q q 0 0 0 rg BT 528.66 740.70 Td (Bank) Tj ET Q q 0 0 0 rg BT 557.33 740.70 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 726.30 Td (Af) Tj ET Q q 0 0 0 rg BT 133.95 726.30 Td (filiates ) Tj ET Q q 0 0 0 rg BT 169.60 726.30 Td (to ) Tj ET Q q 0 0 0 rg BT 181.93 726.30 Td (be ) Tj ET Q q 0 0 0 rg BT 196.26 726.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 225.25 726.30 Td (to ) Tj ET Q q 0 0 0 rg BT 237.58 726.30 Td (or ) Tj ET Q q 0 0 0 rg BT 250.58 726.30 Td (above ) Tj ET Q q 0 0 0 rg BT 282.23 726.30 Td (such ) Tj ET Q q 0 0 0 rg BT 307.22 726.30 Td (seventy ) Tj ET Q q 0 0 0 rg BT 346.88 726.30 Td (percent ) Tj ET Q q 0 0 0 rg BT 385.19 726.30 Td (\(70%\) ) Tj ET Q q 0 0 0 rg BT 418.18 726.30 Td (requirement.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 699.90 Td (2.2 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 699.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 198.90 699.90 Td (6.7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 213.90 699.90 Td ( ) Tj ET Q q 0 0 0 rg BT 217.98 699.90 Td (\() Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 221.97 699.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.05 699.90 Td (Covenants) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 328.06 699.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 339.13 699.90 Td ( ) Tj ET Q q 0 0 0 rg BT 343.20 699.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 383.27 699.90 Td (6.7\(a\) ) Tj ET Q q 0 0 0 rg BT 415.66 699.90 Td (is ) Tj ET Q q 0 0 0 rg BT 427.74 699.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 475.13 699.90 Td (in ) Tj ET Q q 0 0 0 rg BT 488.53 699.90 Td (its ) Tj ET Q q 0 0 0 rg BT 503.95 699.90 Td (entirety ) Tj ET Q q 0 0 0 rg BT 544.67 699.90 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.50 Td (replaced ) Tj ET Q q 0 0 0 rg BT 93.13 685.50 Td (with ) Tj ET Q q 0 0 0 rg BT 117.47 685.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.13 685.50 Td (following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 157.50 659.10 Td (a. ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 193.5 657.500390625 m 393.64453125 657.500390625 l s q 0 0 0 rg BT 193.50 659.10 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 248.89 659.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 317.62 659.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 367.65 659.10 Td (Ratio) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 393.64 659.10 Td (. ) Tj ET Q q 0 0 0 rg BT 400.85 659.10 Td (A) Tj ET Q q 0 0 0 rg BT 408.85 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.25 659.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 482.98 659.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 533.00 659.10 Td (Ratio, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 644.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 134.88 644.70 Td (as ) Tj ET Q q 0 0 0 rg BT 148.29 644.70 Td (of ) Tj ET Q q 0 0 0 rg BT 161.69 644.70 Td (the ) Tj ET Q q 0 0 0 rg BT 179.75 644.70 Td (last ) Tj ET Q q 0 0 0 rg BT 199.82 644.70 Td (day ) Tj ET Q q 0 0 0 rg BT 220.56 644.70 Td (of ) Tj ET Q q 0 0 0 rg BT 233.96 644.70 Td (each ) Tj ET Q q 0 0 0 rg BT 259.34 644.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 288.73 644.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 322.23 644.70 Td (, ) Tj ET Q q 0 0 0 rg BT 328.64 644.70 Td (not ) Tj ET Q q 0 0 0 rg BT 347.38 644.70 Td (to ) Tj ET Q q 0 0 0 rg BT 360.12 644.70 Td (exceed ) Tj ET Q q 0 0 0 rg BT 396.83 644.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 411.56 644.70 Td (as ) Tj ET Q q 0 0 0 rg BT 424.96 644.70 Td (of ) Tj ET Q q 0 0 0 rg BT 438.36 644.70 Td (the ) Tj ET Q q 0 0 0 rg BT 456.43 644.70 Td (last ) Tj ET Q q 0 0 0 rg BT 476.50 644.70 Td (day ) Tj ET Q q 0 0 0 rg BT 497.23 644.70 Td (of ) Tj ET Q q 0 0 0 rg BT 510.63 644.70 Td (each ) Tj ET Q q 0 0 0 rg BT 536.02 644.70 Td (fiscal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 630.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 122.24 630.30 Td (ending ) Tj ET Q q 0 0 0 rg BT 157.66 630.30 Td (after ) Tj ET Q q 0 0 0 rg BT 182.40 630.30 Td (the ) Tj ET Q q 0 0 0 rg BT 199.82 630.30 Td (Ef) Tj ET Q q 0 0 0 rg BT 210.93 630.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 246.34 630.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 271.75 630.30 Td (and ) Tj ET Q q 0 0 0 rg BT 291.84 630.30 Td (on ) Tj ET Q q 0 0 0 rg BT 306.60 630.30 Td (or ) Tj ET Q q 0 0 0 rg BT 319.35 630.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 345.44 630.30 Td (to ) Tj ET Q q 0 0 0 rg BT 357.54 630.30 Td (March ) Tj ET Q q 0 0 0 rg BT 391.62 630.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.38 630.30 Td (2020, ) Tj ET Q q 0 0 0 rg BT 439.14 630.30 Td (3.00 ) Tj ET Q q 0 0 0 rg BT 462.90 630.30 Td (to ) Tj ET Q q 0 0 0 rg BT 475.00 630.30 Td (1.00, ) Tj ET Q q 0 0 0 rg BT 501.76 630.30 Td (and ) Tj ET Q q 0 0 0 rg BT 521.84 630.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 539.27 630.30 Td (as ) Tj ET Q q 0 0 0 rg BT 552.02 630.30 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 615.90 Td (the ) Tj ET Q q 0 0 0 rg BT 103.16 615.90 Td (last ) Tj ET Q q 0 0 0 rg BT 122.82 615.90 Td (day ) Tj ET Q q 0 0 0 rg BT 143.15 615.90 Td (of ) Tj ET Q q 0 0 0 rg BT 156.15 615.90 Td (each ) Tj ET Q q 0 0 0 rg BT 181.13 615.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 210.11 615.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 247.09 615.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 282.75 615.90 Td (on ) Tj ET Q q 0 0 0 rg BT 297.75 615.90 Td (or ) Tj ET Q q 0 0 0 rg BT 310.75 615.90 Td (after ) Tj ET Q q 0 0 0 rg BT 335.06 615.90 Td (April ) Tj ET Q q 0 0 0 rg BT 363.39 615.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 375.39 615.90 Td (2020, ) Tj ET Q q 0 0 0 rg BT 405.39 615.90 Td (2.50 ) Tj ET Q q 0 0 0 rg BT 429.39 615.90 Td (to ) Tj ET Q q 0 0 0 rg BT 441.73 615.90 Td (1.00.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 587.10 Td (2.3 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 587.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 196.52 587.10 Td (7.7 ) Tj ET Q q 0 0 0 rg BT 213.21 587.10 Td (\(Distributions; ) Tj ET Q q 0 0 0 rg BT 290.24 587.10 Td (Investments.\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 359.23 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.92 587.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 398.60 587.10 Td (7.7\(a\)\(iii\) ) Tj ET Q q 0 0 0 rg BT 446.60 587.10 Td (is ) Tj ET Q q 0 0 0 rg BT 456.30 587.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 501.30 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 512.32 587.10 Td (its ) Tj ET Q q 0 0 0 rg BT 525.35 587.10 Td (entirety ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 572.70 Td (and ) Tj ET Q q 0 0 0 rg BT 69.83 572.70 Td (replaced ) Tj ET Q q 0 0 0 rg BT 113.46 572.70 Td (with ) Tj ET Q q 0 0 0 rg BT 137.79 572.70 Td (the ) Tj ET Q q 0 0 0 rg BT 155.46 572.70 Td (following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 546.30 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 106.09 546.30 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 154.67 546.30 Td (may ) Tj ET Q q 0 0 0 rg BT 177.92 546.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 197.84 546.30 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 250.10 546.30 Td (make ) Tj ET Q q 0 0 0 rg BT 278.68 546.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 341.28 546.30 Td (or ) Tj ET Q q 0 0 0 rg BT 353.87 546.30 Td (payments, ) Tj ET Q q 0 0 0 rg BT 405.46 546.30 Td (or ) Tj ET Q q 0 0 0 rg BT 418.05 546.30 Td (redeem, ) Tj ET Q q 0 0 0 rg BT 458.95 546.30 Td (retire ) Tj ET Q q 0 0 0 rg BT 486.86 546.30 Td (or ) Tj ET Q q 0 0 0 rg BT 499.45 546.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 544.68 546.30 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 98.09 531.90 Td (its ) Tj ET Q q 0 0 0 rg BT 112.03 531.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 146.61 531.90 Td (stock, ) Tj ET Q q 0 0 0 rg BT 177.53 531.90 Td (including ) Tj ET Q q 0 0 0 rg BT 225.46 531.90 Td ( ) Tj ET Q q 0 0 0 rg BT 228.06 531.90 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 292.63 531.90 Td (the ) Tj ET Q q 0 0 0 rg BT 309.88 531.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 337.81 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 350.41 531.90 Td (former ) Tj ET Q q 0 0 0 rg BT 385.65 531.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 439.56 531.90 Td (or ) Tj ET Q q 0 0 0 rg BT 452.16 531.90 Td (consultants ) Tj ET Q q 0 0 0 rg BT 508.75 531.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 552.67 531.90 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 517.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.96 517.50 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 169.06 517.50 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 229.83 517.50 Td (so ) Tj ET Q q 0 0 0 rg BT 243.63 517.50 Td (long ) Tj ET Q q 0 0 0 rg BT 268.09 517.50 Td (as, ) Tj ET Q q 0 0 0 rg BT 284.22 517.50 Td (in ) Tj ET Q q 0 0 0 rg BT 296.68 517.50 Td (each ) Tj ET Q q 0 0 0 rg BT 321.79 517.50 Td (case, ) Tj ET Q q 0 0 0 rg BT 348.57 517.50 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 368.36 517.50 Td (an ) Tj ET Q q 0 0 0 rg BT 382.81 517.50 Td (Event ) Tj ET Q q 0 0 0 rg BT 413.94 517.50 Td (of ) Tj ET Q q 0 0 0 rg BT 427.06 517.50 Td (Default ) Tj ET Q q 0 0 0 rg BT 466.17 517.50 Td (does ) Tj ET Q q 0 0 0 rg BT 491.30 517.50 Td (not ) Tj ET Q q 0 0 0 rg BT 509.77 517.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 535.56 517.50 Td (at ) Tj ET Q q 0 0 0 rg BT 547.35 517.50 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 503.10 Td (time ) Tj ET Q q 0 0 0 rg BT 109.37 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.91 503.10 Td (any ) Tj ET Q q 0 0 0 rg BT 141.77 503.10 Td (such ) Tj ET Q q 0 0 0 rg BT 166.31 503.10 Td (action ) Tj ET Q q 0 0 0 rg BT 198.17 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.04 503.10 Td (would ) Tj ET Q q 0 0 0 rg BT 250.58 503.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.46 503.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 293.66 503.10 Td (after ) Tj ET Q q 0 0 0 rg BT 318.18 503.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 351.39 503.10 Td (ef) Tj ET Q q 0 0 0 rg BT 360.50 503.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 381.02 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.90 503.10 Td (any ) Tj ET Q q 0 0 0 rg BT 412.77 503.10 Td (such ) Tj ET Q q 0 0 0 rg BT 437.30 503.10 Td (action ) Tj ET Q q 0 0 0 rg BT 469.17 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.03 503.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 507.57 503.10 Td (Borrower) Tj ET Q q 0 0 0 rg BT 554.00 503.10 Td () Tj ET Q q 0 0 0 rg BT 557.33 503.10 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 488.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 131.45 488.70 Td (Quick ) Tj ET Q q 0 0 0 rg BT 163.39 488.70 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 192.01 488.70 Td (is, ) Tj ET Q q 0 0 0 rg BT 205.63 488.70 Td (immediately ) Tj ET Q q 0 0 0 rg BT 268.24 488.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 294.18 488.70 Td (to ) Tj ET Q q 0 0 0 rg BT 306.13 488.70 Td (and ) Tj ET Q q 0 0 0 rg BT 326.08 488.70 Td (after ) Tj ET Q q 0 0 0 rg BT 350.68 488.70 Td (giving ) Tj ET Q q 0 0 0 rg BT 383.96 488.70 Td (ef) Tj ET Q q 0 0 0 rg BT 393.07 488.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 413.67 488.70 Td (to ) Tj ET Q q 0 0 0 rg BT 425.63 488.70 Td (any ) Tj ET Q q 0 0 0 rg BT 445.57 488.70 Td (such ) Tj ET Q q 0 0 0 rg BT 470.19 488.70 Td (action, ) Tj ET Q q 0 0 0 rg BT 505.13 488.70 Td (at ) Tj ET Q q 0 0 0 rg BT 516.40 488.70 Td (least ) Tj ET Q q 0 0 0 rg BT 541.01 488.70 Td (1.75 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 474.30 Td (to ) Tj ET Q q 0 0 0 rg BT 97.83 474.30 Td (1.00; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 447.90 Td (2.4 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 447.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 197.39 447.90 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 209.39 447.90 Td ( ) Tj ET Q q 0 0 0 rg BT 211.95 447.90 Td (\() Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 215.94 447.90 Td (Definitions) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 271.95 447.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 281.50 447.90 Td ( ) Tj ET Q q 0 0 0 rg BT 284.06 447.90 Td (Clause ) Tj ET Q q 0 0 0 rg BT 319.27 447.90 Td (\(b\)\(ii\) ) Tj ET Q q 0 0 0 rg BT 350.48 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 363.04 447.90 Td (the ) Tj ET Q q 0 0 0 rg BT 380.26 447.90 Td (definition ) Tj ET Q q 0 0 0 rg BT 429.47 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 442.03 447.90 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 496.00 447.90 Td (Acquisitions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 433.50 Td (is ) Tj ET Q q 0 0 0 rg BT 60.50 433.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 106.82 433.50 Td (in ) Tj ET Q q 0 0 0 rg BT 119.15 433.50 Td (its ) Tj ET Q q 0 0 0 rg BT 133.49 433.50 Td (entirety ) Tj ET Q q 0 0 0 rg BT 173.14 433.50 Td (and ) Tj ET Q q 0 0 0 rg BT 193.46 433.50 Td (replaced ) Tj ET Q q 0 0 0 rg BT 237.10 433.50 Td (with ) Tj ET Q q 0 0 0 rg BT 261.43 433.50 Td (the ) Tj ET Q q 0 0 0 rg BT 279.09 433.50 Td (following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 407.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 103.56 407.10 Td (Borrower) Tj ET Q q 0 0 0 rg BT 149.99 407.10 Td () Tj ET Q q 0 0 0 rg BT 153.32 407.10 Td (s ) Tj ET Q q 0 0 0 rg BT 160.64 407.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 207.37 407.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 240.09 407.10 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 269.49 407.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 283.89 407.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 347.27 407.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 374.00 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.73 407.10 Td (such ) Tj ET Q q 0 0 0 rg BT 412.13 407.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 471.18 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.91 407.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 541.28 407.10 Td (on ) Tj ET Q q 0 0 0 rg BT 556.68 407.10 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 392.70 Td (pro ) Tj ET Q q 0 0 0 rg BT 104.50 392.70 Td (forma ) Tj ET Q q 0 0 0 rg BT 136.15 392.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 163.15 392.70 Td (after ) Tj ET Q q 0 0 0 rg BT 188.13 392.70 Td (giving ) Tj ET Q q 0 0 0 rg BT 221.79 392.70 Td (ef) Tj ET Q q 0 0 0 rg BT 230.90 392.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 251.88 392.70 Td (to ) Tj ET Q q 0 0 0 rg BT 264.22 392.70 Td (such ) Tj ET Q q 0 0 0 rg BT 289.21 392.70 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 347.87 392.70 Td (at ) Tj ET Q q 0 0 0 rg BT 359.53 392.70 Td (least ) Tj ET Q q 0 0 0 rg BT 384.52 392.70 Td (1.75 ) Tj ET Q q 0 0 0 rg BT 408.52 392.70 Td (to ) Tj ET Q q 0 0 0 rg BT 420.86 392.70 Td (1.00;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 366.30 Td (2.5 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 366.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 197.08 366.30 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 209.08 366.30 Td ( ) Tj ET Q q 0 0 0 rg BT 211.33 366.30 Td (\() Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 215.32 366.30 Td (Definitions) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 271.33 366.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 280.57 366.30 Td ( ) Tj ET Q q 0 0 0 rg BT 282.82 366.30 Td (Clause ) Tj ET Q q 0 0 0 rg BT 317.73 366.30 Td (\(b\)\(iii\) ) Tj ET Q q 0 0 0 rg BT 351.96 366.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.21 366.30 Td (the ) Tj ET Q q 0 0 0 rg BT 381.12 366.30 Td (definition ) Tj ET Q q 0 0 0 rg BT 430.02 366.30 Td (of ) Tj ET Q q 0 0 0 rg BT 442.27 366.30 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 496.01 366.30 Td (Acquisitions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 351.90 Td (is ) Tj ET Q q 0 0 0 rg BT 60.46 351.90 Td (deleted ) Tj ET Q q 0 0 0 rg BT 98.07 351.90 Td (in ) Tj ET Q q 0 0 0 rg BT 110.37 351.90 Td (its ) Tj ET Q q 0 0 0 rg BT 124.66 351.90 Td (entirety ) Tj ET Q q 0 0 0 rg BT 164.27 351.90 Td (and ) Tj ET Q q 0 0 0 rg BT 184.56 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 202.18 351.90 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 258.47 351.90 Td (clauses ) Tj ET Q q 0 0 0 rg BT 296.08 351.90 Td (\(b\)\(iv\), ) Tj ET Q q 0 0 0 rg BT 333.36 351.90 Td (\(b\)\(v\), ) Tj ET Q q 0 0 0 rg BT 367.31 351.90 Td (\(b\)\(vi\), ) Tj ET Q q 0 0 0 rg BT 404.58 351.90 Td (and ) Tj ET Q q 0 0 0 rg BT 424.87 351.90 Td (\(b\)\(vii\) ) Tj ET Q q 0 0 0 rg BT 462.48 351.90 Td (are ) Tj ET Q q 0 0 0 rg BT 480.09 351.90 Td (relabeled ) Tj ET Q q 0 0 0 rg BT 527.02 351.90 Td (\(b\)\(iii\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 337.50 Td (\(b\)\(iv\), ) Tj ET Q q 0 0 0 rg BT 86.82 337.50 Td (\(b\)\(v\), ) Tj ET Q q 0 0 0 rg BT 120.80 337.50 Td (and ) Tj ET Q q 0 0 0 rg BT 141.13 337.50 Td (\(b\)\(vi\) ) Tj ET Q q 0 0 0 rg BT 175.45 337.50 Td (accordingly) Tj ET Q q 0 0 0 rg BT 231.31 337.50 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 311.10 Td (2.6 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 311.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 198.82 311.10 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 210.82 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.81 311.10 Td (\() Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 218.80 311.10 Td (Definitions) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 274.81 311.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 285.79 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.49 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 312.14 311.10 Td (following ) Tj ET Q q 0 0 0 rg BT 362.79 311.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 393.44 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.75 311.10 Td (their ) Tj ET Q q 0 0 0 rg BT 440.73 311.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 493.36 311.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 548.68 311.10 Td (set ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 296.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 75.83 296.70 Td (in ) Tj ET Q q 0 0 0 rg BT 88.16 296.70 Td (Section13.1 ) Tj ET Q q 0 0 0 rg BT 151.15 296.70 Td (are ) Tj ET Q q 0 0 0 rg BT 168.80 296.70 Td (amended ) Tj ET Q q 0 0 0 rg BT 215.12 296.70 Td (in ) Tj ET Q q 0 0 0 rg BT 227.45 296.70 Td (their ) Tj ET Q q 0 0 0 rg BT 252.44 296.70 Td (entirety ) Tj ET Q q 0 0 0 rg BT 292.09 296.70 Td (and ) Tj ET Q q 0 0 0 rg BT 312.42 296.70 Td (replaced ) Tj ET Q q 0 0 0 rg BT 356.05 296.70 Td (with ) Tj ET Q q 0 0 0 rg BT 380.38 296.70 Td (the ) Tj ET Q q 0 0 0 rg BT 398.04 296.70 Td (following: ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 270.30 Td () Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 126.83 270.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 158.72 270.30 Td (Charge ) Tj ET Q q 0 0 0 rg BT 199.95 270.30 Td (Coverage ) Tj ET Q q 0 0 0 rg BT 251.83 270.30 Td (Ratio) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 279.83 270.30 Td ( ) Tj ET Q q 0 0 0 rg BT 288.39 270.30 Td (is ) Tj ET Q q 0 0 0 rg BT 299.63 270.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 348.84 270.30 Td (on ) Tj ET Q q 0 0 0 rg BT 364.07 270.30 Td (a ) Tj ET Q q 0 0 0 rg BT 372.63 270.30 Td (trailing ) Tj ET Q q 0 0 0 rg BT 410.53 270.30 Td (twelve ) Tj ET Q q 0 0 0 rg BT 445.75 270.30 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 468.97 270.30 Td (month ) Tj ET Q q 0 0 0 rg BT 502.88 270.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 530.11 270.30 Td (for ) Tj ET Q q 0 0 0 rg BT 547.34 270.30 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 255.90 Td (trailing ) Tj ET Q q 0 0 0 rg BT 121.72 255.90 Td (twelve ) Tj ET Q q 0 0 0 rg BT 155.26 255.90 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 176.82 255.90 Td (month ) Tj ET Q q 0 0 0 rg BT 209.04 255.90 Td (period ) Tj ET Q q 0 0 0 rg BT 241.26 255.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 275.48 255.90 Td (on ) Tj ET Q q 0 0 0 rg BT 289.04 255.90 Td (the ) Tj ET Q q 0 0 0 rg BT 305.26 255.90 Td (date ) Tj ET Q q 0 0 0 rg BT 326.81 255.90 Td (of ) Tj ET Q q 0 0 0 rg BT 338.36 255.90 Td (determination ) Tj ET Q q 0 0 0 rg BT 406.57 255.90 Td (and ) Tj ET Q q 0 0 0 rg BT 425.46 255.90 Td (is ) Tj ET Q q 0 0 0 rg BT 435.02 255.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.24 255.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 474.79 255.90 Td (of ) Tj ET Q q 0 0 0 rg BT 486.35 255.90 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 501.22 255.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 514.00 255.90 Td (T) Tj ET Q q 0 0 0 rg BT 520.91 255.90 Td (rueCar) Tj ET Q q 0 0 0 rg BT 554.00 255.90 Td () Tj ET Q q 0 0 0 rg BT 557.33 255.90 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 241.50 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 131.53 241.50 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 181.21 241.50 Td (minus ) Tj ET Q q 0 0 0 rg BT 213.25 241.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 230.60 241.50 Td (Borrower) Tj ET Q q 0 0 0 rg BT 277.03 241.50 Td () Tj ET Q q 0 0 0 rg BT 280.37 241.50 Td (s ) Tj ET Q q 0 0 0 rg BT 287.73 241.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.75 241.50 Td (income ) Tj ET Q q 0 0 0 rg BT 349.76 241.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 377.12 241.50 Td (for ) Tj ET Q q 0 0 0 rg BT 393.80 241.50 Td (such ) Tj ET Q q 0 0 0 rg BT 418.49 241.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 454.85 241.50 Td (minus ) Tj ET Q q 0 0 0 rg BT 486.88 241.50 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 507.57 241.50 Td (Borrower) Tj ET Q q 0 0 0 rg BT 554.00 241.50 Td () Tj ET Q q 0 0 0 rg BT 557.33 241.50 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 227.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 120.48 227.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 184.79 227.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.79 227.10 Td (such ) Tj ET Q q 0 0 0 rg BT 226.78 227.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 263.44 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.77 227.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 292.76 227.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 307.09 227.10 Td (Borrower) Tj ET Q q 0 0 0 rg BT 353.52 227.10 Td () Tj ET Q q 0 0 0 rg BT 356.85 227.10 Td (s ) Tj ET Q q 0 0 0 rg BT 364.52 227.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 388.85 227.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 427.17 227.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 476.16 227.10 Td (for ) Tj ET Q q 0 0 0 rg BT 493.15 227.10 Td (such ) Tj ET Q q 0 0 0 rg BT 518.14 227.10 Td (period. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 200.70 Td () Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 90.83 200.70 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 145.16 200.70 Td (Line ) Tj ET Q q 0 0 0 rg BT 171.50 200.70 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 221.15 200.70 Td (Date) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 245.14 200.70 Td ( ) Tj ET Q q 0 0 0 rg BT 253.46 200.70 Td (is ) Tj ET Q q 0 0 0 rg BT 264.47 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 282.13 200.70 Td (date ) Tj ET Q q 0 0 0 rg BT 305.12 200.70 Td (three ) Tj ET Q q 0 0 0 rg BT 332.10 200.70 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 349.09 200.70 Td (years ) Tj ET Q q 0 0 0 rg BT 377.41 200.70 Td (from ) Tj ET Q q 0 0 0 rg BT 403.73 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.39 200.70 Td (First ) Tj ET Q q 0 0 0 rg BT 445.74 200.70 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 508.06 200.70 Td (Date.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 174.30 Td (2.7 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 174.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 200.94 174.30 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 212.94 174.30 Td ( ) Tj ET Q q 0 0 0 rg BT 219.05 174.30 Td (\() Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 223.05 174.30 Td (Definitions) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 279.05 174.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 292.16 174.30 Td ( ) Tj ET Q q 0 0 0 rg BT 297.83 174.30 Td (The ) Tj ET Q q 0 0 0 rg BT 322.60 174.30 Td (following ) Tj ET Q q 0 0 0 rg BT 375.38 174.30 Td (term ) Tj ET Q q 0 0 0 rg BT 403.48 174.30 Td (and ) Tj ET Q q 0 0 0 rg BT 426.92 174.30 Td (its ) Tj ET Q q 0 0 0 rg BT 444.37 174.30 Td (definition ) Tj ET Q q 0 0 0 rg BT 497.14 174.30 Td (are ) Tj ET Q q 0 0 0 rg BT 517.90 174.30 Td (added ) Tj ET Q q 0 0 0 rg BT 552.67 174.30 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 159.90 Td (Section13.1, ) Tj ET Q q 0 0 0 rg BT 115.49 159.90 Td (in ) Tj ET Q q 0 0 0 rg BT 127.83 159.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 185.47 159.90 Td (alphabetical ) Tj ET Q q 0 0 0 rg BT 246.43 159.90 Td (order) Tj ET Q q 0 0 0 rg BT 271.27 159.90 Td (, ) Tj ET Q q 0 0 0 rg BT 277.27 159.90 Td (as ) Tj ET Q q 0 0 0 rg BT 290.27 159.90 Td (follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 133.50 Td () Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 126.83 133.50 Td (First ) Tj ET Q q 0 0 0 rg BT 153.82 133.50 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 220.15 133.50 Td (Date) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 244.14 133.50 Td ( ) Tj ET Q q 0 0 0 rg BT 252.46 133.50 Td (is ) Tj ET Q q 0 0 0 rg BT 263.47 133.50 Td (February ) Tj ET Q q 0 0 0 rg BT 309.79 133.50 Td (18, ) Tj ET Q q 0 0 0 rg BT 327.79 133.50 Td (2018.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 107.10 Td (2.8 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 157.50 107.10 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 198.42 107.10 Td (C) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 207.09 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.00 107.10 Td (\() Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 214.00 107.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 278.24 107.10 Td (Certificate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 332.86 107.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 342.77 107.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 345.6767578125 105.50039062500002 m 391.921875 105.50039062500002 l s q 0 0 0 rg BT 345.68 107.10 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 383.92 107.10 Td (C) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 391.92 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.83 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.07 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.64 107.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 451.57 107.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 507.78 107.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.70 107.10 Td (amended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 92.70 Td (in ) Tj ET Q q 0 0 0 rg BT 61.83 92.70 Td (its ) Tj ET Q q 0 0 0 rg BT 76.17 92.70 Td (entirety ) Tj ET Q q 0 0 0 rg BT 115.82 92.70 Td (and ) Tj ET Q q 0 0 0 rg BT 136.15 92.70 Td (replaced ) Tj ET Q q 0 0 0 rg BT 179.78 92.70 Td (with ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 204.1171875 91.10039062500005 m 250.453125 91.10039062500005 l s q 0 0 0 rg BT 204.12 92.70 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 242.45 92.70 Td (C) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 250.45 92.70 Td ( ) Tj ET Q q 0 0 0 rg BT 253.45 92.70 Td (attached ) Tj ET Q q 0 0 0 rg BT 296.43 92.70 Td (hereto.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 66.30 Td (3. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 121.50 66.30 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 179.17 66.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.50 66.30 Td (Amendments.) Tj ET Q endstream endobj 227 0 obj <> endobj 228 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 740.70 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 157.50 740.70 Td (The ) Tj ET Q q 0 0 0 rg BT 178.86 740.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 242.22 740.70 Td (set ) Tj ET Q q 0 0 0 rg BT 258.26 740.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 284.29 740.70 Td (in ) Tj ET Q q 0 0 0 rg BT 296.33 740.70 Td (Section2, ) Tj ET Q q 0 0 0 rg BT 347.03 740.70 Td (above, ) Tj ET Q q 0 0 0 rg BT 381.39 740.70 Td (are ) Tj ET Q q 0 0 0 rg BT 398.75 740.70 Td (ef) Tj ET Q q 0 0 0 rg BT 407.85 740.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 443.20 740.70 Td (for ) Tj ET Q q 0 0 0 rg BT 459.90 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 477.27 740.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 522.64 740.70 Td (set ) Tj ET Q q 0 0 0 rg BT 538.68 740.70 Td (forth ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 726.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 81.66 726.30 Td (and ) Tj ET Q q 0 0 0 rg BT 101.16 726.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 126.00 726.30 Td (be ) Tj ET Q q 0 0 0 rg BT 139.51 726.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 175.68 726.30 Td (precisely ) Tj ET Q q 0 0 0 rg BT 221.17 726.30 Td (as ) Tj ET Q q 0 0 0 rg BT 233.34 726.30 Td (written ) Tj ET Q q 0 0 0 rg BT 269.51 726.30 Td (and ) Tj ET Q q 0 0 0 rg BT 289.01 726.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 313.85 726.30 Td (not ) Tj ET Q q 0 0 0 rg BT 331.36 726.30 Td (be ) Tj ET Q q 0 0 0 rg BT 344.87 726.30 Td (deemed ) Tj ET Q q 0 0 0 rg BT 384.35 726.30 Td (to ) Tj ET Q q 0 0 0 rg BT 395.87 726.30 Td (\(a\)be ) Tj ET Q q 0 0 0 rg BT 425.69 726.30 Td (a ) Tj ET Q q 0 0 0 rg BT 433.19 726.30 Td (consent ) Tj ET Q q 0 0 0 rg BT 472.02 726.30 Td (to ) Tj ET Q q 0 0 0 rg BT 483.53 726.30 Td (any ) Tj ET Q q 0 0 0 rg BT 503.04 726.30 Td (amendment, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 711.90 Td (waiver ) Tj ET Q q 0 0 0 rg BT 84.57 711.90 Td (or ) Tj ET Q q 0 0 0 rg BT 96.98 711.90 Td (modification ) Tj ET Q q 0 0 0 rg BT 160.71 711.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.13 711.90 Td (any ) Tj ET Q q 0 0 0 rg BT 192.87 711.90 Td (other ) Tj ET Q q 0 0 0 rg BT 219.94 711.90 Td (term ) Tj ET Q q 0 0 0 rg BT 244.35 711.90 Td (or ) Tj ET Q q 0 0 0 rg BT 256.76 711.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 304.51 711.90 Td (of ) Tj ET Q q 0 0 0 rg BT 316.92 711.90 Td (any ) Tj ET Q q 0 0 0 rg BT 336.67 711.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 363.74 711.90 Td (Document, ) Tj ET Q q 0 0 0 rg BT 419.14 711.90 Td (or ) Tj ET Q q 0 0 0 rg BT 431.55 711.90 Td (\(b\)otherwise ) Tj ET Q q 0 0 0 rg BT 497.62 711.90 Td (prejudice ) Tj ET Q q 0 0 0 rg BT 544.68 711.90 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 697.50 Td (right ) Tj ET Q q 0 0 0 rg BT 75.00 697.50 Td (or ) Tj ET Q q 0 0 0 rg BT 87.83 697.50 Td (remedy ) Tj ET Q q 0 0 0 rg BT 126.64 697.50 Td (which ) Tj ET Q q 0 0 0 rg BT 158.80 697.50 Td (Bank ) Tj ET Q q 0 0 0 rg BT 186.96 697.50 Td (may ) Tj ET Q q 0 0 0 rg BT 210.46 697.50 Td (now ) Tj ET Q q 0 0 0 rg BT 233.96 697.50 Td (have ) Tj ET Q q 0 0 0 rg BT 259.44 697.50 Td (or ) Tj ET Q q 0 0 0 rg BT 272.27 697.50 Td (may ) Tj ET Q q 0 0 0 rg BT 295.76 697.50 Td (have ) Tj ET Q q 0 0 0 rg BT 321.25 697.50 Td (in ) Tj ET Q q 0 0 0 rg BT 333.42 697.50 Td (the ) Tj ET Q q 0 0 0 rg BT 350.91 697.50 Td (future ) Tj ET Q q 0 0 0 rg BT 382.39 697.50 Td (under ) Tj ET Q q 0 0 0 rg BT 412.55 697.50 Td (or ) Tj ET Q q 0 0 0 rg BT 425.38 697.50 Td (in ) Tj ET Q q 0 0 0 rg BT 437.55 697.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 493.03 697.50 Td (with ) Tj ET Q q 0 0 0 rg BT 517.19 697.50 Td (any ) Tj ET Q q 0 0 0 rg BT 537.35 697.50 Td (Loan ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (Document.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 656.70 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 157.50 656.70 Td (This ) Tj ET Q q 0 0 0 rg BT 182.77 656.70 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 247.15 656.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 274.87 656.70 Td (be ) Tj ET Q q 0 0 0 rg BT 291.25 656.70 Td (construed ) Tj ET Q q 0 0 0 rg BT 342.96 656.70 Td (in ) Tj ET Q q 0 0 0 rg BT 357.34 656.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 415.04 656.70 Td (with ) Tj ET Q q 0 0 0 rg BT 441.43 656.70 Td (and ) Tj ET Q q 0 0 0 rg BT 463.81 656.70 Td (as ) Tj ET Q q 0 0 0 rg BT 478.87 656.70 Td (part ) Tj ET Q q 0 0 0 rg BT 502.58 656.70 Td (of ) Tj ET Q q 0 0 0 rg BT 517.63 656.70 Td (the ) Tj ET Q q 0 0 0 rg BT 537.34 656.70 Td (Loan ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 642.30 Td (Documents ) Tj ET Q q 0 0 0 rg BT 106.98 642.30 Td (and ) Tj ET Q q 0 0 0 rg BT 127.12 642.30 Td (all ) Tj ET Q q 0 0 0 rg BT 141.94 642.30 Td (terms, ) Tj ET Q q 0 0 0 rg BT 174.42 642.30 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 230.23 642.30 Td (representations, ) Tj ET Q q 0 0 0 rg BT 308.69 642.30 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 364.49 642.30 Td (covenants ) Tj ET Q q 0 0 0 rg BT 415.29 642.30 Td (and ) Tj ET Q q 0 0 0 rg BT 435.44 642.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 492.89 642.30 Td (set ) Tj ET Q q 0 0 0 rg BT 509.04 642.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 535.19 642.30 Td (in ) Tj ET Q q 0 0 0 rg BT 547.34 642.30 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 627.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 76.66 627.90 Td (Documents, ) Tj ET Q q 0 0 0 rg BT 136.82 627.90 Td (except ) Tj ET Q q 0 0 0 rg BT 170.64 627.90 Td (as ) Tj ET Q q 0 0 0 rg BT 183.13 627.90 Td (herein ) Tj ET Q q 0 0 0 rg BT 215.62 627.90 Td (amended, ) Tj ET Q q 0 0 0 rg BT 264.44 627.90 Td (are ) Tj ET Q q 0 0 0 rg BT 281.59 627.90 Td (hereby ) Tj ET Q q 0 0 0 rg BT 316.74 627.90 Td (ratified ) Tj ET Q q 0 0 0 rg BT 353.89 627.90 Td (and ) Tj ET Q q 0 0 0 rg BT 373.72 627.90 Td (confirmed ) Tj ET Q q 0 0 0 rg BT 425.54 627.90 Td (and ) Tj ET Q q 0 0 0 rg BT 445.37 627.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 470.53 627.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 506.35 627.90 Td (in ) Tj ET Q q 0 0 0 rg BT 518.19 627.90 Td (full ) Tj ET Q q 0 0 0 rg BT 537.36 627.90 Td (force ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 613.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.83 613.50 Td (ef) Tj ET Q q 0 0 0 rg BT 78.93 613.50 Td (fect.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 587.10 Td (4. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 121.50 587.10 Td (Repr) Tj ET Q q 0 0 0 rg BT 147.28 587.10 Td (esentations ) Tj ET Q q 0 0 0 rg BT 206.54 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.31 587.10 Td (W) Tj ET Q q 0 0 0 rg BT 239.65 587.10 Td (arranties.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 289.30 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.90 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.32 587.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.81 587.10 Td (o ) Tj ET Q q 0 0 0 rg BT 309.41 587.10 Td (induce ) Tj ET Q q 0 0 0 rg BT 344.00 587.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 371.93 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.87 587.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 410.46 587.10 Td (into ) Tj ET Q q 0 0 0 rg BT 431.73 587.10 Td (this ) Tj ET Q q 0 0 0 rg BT 451.09 587.10 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 516.02 587.10 Td (Borrower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 572.70 Td (hereby ) Tj ET Q q 0 0 0 rg BT 85.15 572.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 136.79 572.70 Td (and ) Tj ET Q q 0 0 0 rg BT 157.12 572.70 Td (warrants ) Tj ET Q q 0 0 0 rg BT 201.43 572.70 Td (to ) Tj ET Q q 0 0 0 rg BT 213.77 572.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 242.10 572.70 Td (as ) Tj ET Q q 0 0 0 rg BT 255.09 572.70 Td (follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 546.30 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 157.50 546.30 Td (Immediately ) Tj ET Q q 0 0 0 rg BT 224.66 546.30 Td (after ) Tj ET Q q 0 0 0 rg BT 253.15 546.30 Td (giving ) Tj ET Q q 0 0 0 rg BT 290.33 546.30 Td (ef) Tj ET Q q 0 0 0 rg BT 299.44 546.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 323.93 546.30 Td (to ) Tj ET Q q 0 0 0 rg BT 339.78 546.30 Td (this ) Tj ET Q q 0 0 0 rg BT 362.20 546.30 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 428.03 546.30 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 465.52 546.30 Td (representations ) Tj ET Q q 0 0 0 rg BT 544.67 546.30 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 531.90 Td (warranties ) Tj ET Q q 0 0 0 rg BT 102.96 531.90 Td (contained ) Tj ET Q q 0 0 0 rg BT 153.09 531.90 Td (in ) Tj ET Q q 0 0 0 rg BT 165.91 531.90 Td (the ) Tj ET Q q 0 0 0 rg BT 184.05 531.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 212.19 531.90 Td (Documents ) Tj ET Q q 0 0 0 rg BT 270.33 531.90 Td (are ) Tj ET Q q 0 0 0 rg BT 288.46 531.90 Td (true, ) Tj ET Q q 0 0 0 rg BT 313.60 531.90 Td (accurate ) Tj ET Q q 0 0 0 rg BT 357.04 531.90 Td (and ) Tj ET Q q 0 0 0 rg BT 377.85 531.90 Td (complete ) Tj ET Q q 0 0 0 rg BT 425.32 531.90 Td (in ) Tj ET Q q 0 0 0 rg BT 438.13 531.90 Td (all ) Tj ET Q q 0 0 0 rg BT 453.61 531.90 Td (material ) Tj ET Q q 0 0 0 rg BT 496.41 531.90 Td (respects ) Tj ET Q q 0 0 0 rg BT 538.54 531.90 Td (as ) Tj ET Q q 0 0 0 rg BT 552.02 531.90 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 517.50 Td (the ) Tj ET Q q 0 0 0 rg BT 67.52 517.50 Td (date ) Tj ET Q q 0 0 0 rg BT 90.86 517.50 Td (hereof ) Tj ET Q q 0 0 0 rg BT 124.86 517.50 Td (\(except ) Tj ET Q q 0 0 0 rg BT 163.53 517.50 Td (to ) Tj ET Q q 0 0 0 rg BT 176.22 517.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.24 517.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 226.92 517.50 Td (such ) Tj ET Q q 0 0 0 rg BT 252.27 517.50 Td (representations ) Tj ET Q q 0 0 0 rg BT 328.27 517.50 Td (and ) Tj ET Q q 0 0 0 rg BT 348.95 517.50 Td (warranties ) Tj ET Q q 0 0 0 rg BT 402.28 517.50 Td (relate ) Tj ET Q q 0 0 0 rg BT 432.28 517.50 Td (to ) Tj ET Q q 0 0 0 rg BT 444.97 517.50 Td (an ) Tj ET Q q 0 0 0 rg BT 459.66 517.50 Td (earlier ) Tj ET Q q 0 0 0 rg BT 493.65 517.50 Td (date, ) Tj ET Q q 0 0 0 rg BT 520.00 517.50 Td (in ) Tj ET Q q 0 0 0 rg BT 532.69 517.50 Td (which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (case ) Tj ET Q q 0 0 0 rg BT 72.19 503.10 Td (they ) Tj ET Q q 0 0 0 rg BT 94.88 503.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.57 503.10 Td (true ) Tj ET Q q 0 0 0 rg BT 132.26 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.63 503.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 186.97 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.34 503.10 Td (all ) Tj ET Q q 0 0 0 rg BT 212.37 503.10 Td (material ) Tj ET Q q 0 0 0 rg BT 253.72 503.10 Td (respects ) Tj ET Q q 0 0 0 rg BT 294.41 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.44 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.47 503.10 Td (such ) Tj ET Q q 0 0 0 rg BT 342.51 503.10 Td (date\), ) Tj ET Q q 0 0 0 rg BT 371.53 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.89 503.10 Td (\(b\)no ) Tj ET Q q 0 0 0 rg BT 421.92 503.10 Td (Event ) Tj ET Q q 0 0 0 rg BT 451.95 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.98 503.10 Td (Default ) Tj ET Q q 0 0 0 rg BT 502.00 503.10 Td (has ) Tj ET Q q 0 0 0 rg BT 520.04 503.10 Td (occurred ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 488.70 Td (and ) Tj ET Q q 0 0 0 rg BT 69.83 488.70 Td (is ) Tj ET Q q 0 0 0 rg BT 80.83 488.70 Td (continuing;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 462.30 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 157.50 462.30 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 206.40 462.30 Td (has ) Tj ET Q q 0 0 0 rg BT 225.32 462.30 Td (the ) Tj ET Q q 0 0 0 rg BT 242.89 462.30 Td (power ) Tj ET Q q 0 0 0 rg BT 275.80 462.30 Td (and ) Tj ET Q q 0 0 0 rg BT 296.04 462.30 Td (authority ) Tj ET Q q 0 0 0 rg BT 342.29 462.30 Td (to ) Tj ET Q q 0 0 0 rg BT 354.54 462.30 Td (execute ) Tj ET Q q 0 0 0 rg BT 394.10 462.30 Td (and ) Tj ET Q q 0 0 0 rg BT 414.34 462.30 Td (deliver ) Tj ET Q q 0 0 0 rg BT 450.57 462.30 Td (this ) Tj ET Q q 0 0 0 rg BT 470.19 462.30 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 532.42 462.30 Td (and ) Tj ET Q q 0 0 0 rg BT 552.67 462.30 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 447.90 Td (perform ) Tj ET Q q 0 0 0 rg BT 91.15 447.90 Td (its ) Tj ET Q q 0 0 0 rg BT 105.49 447.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 161.82 447.90 Td (under ) Tj ET Q q 0 0 0 rg BT 192.14 447.90 Td (the ) Tj ET Q q 0 0 0 rg BT 209.80 447.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 236.79 447.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 296.10 447.90 Td (as ) Tj ET Q q 0 0 0 rg BT 309.10 447.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 355.41 447.90 Td (by ) Tj ET Q q 0 0 0 rg BT 370.41 447.90 Td (this ) Tj ET Q q 0 0 0 rg BT 390.09 447.90 Td (Amendment;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 421.50 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 157.50 421.50 Td (The ) Tj ET Q q 0 0 0 rg BT 179.64 421.50 Td (or) Tj ET Q q 0 0 0 rg BT 189.42 421.50 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 251.55 421.50 Td (documents ) Tj ET Q q 0 0 0 rg BT 307.02 421.50 Td (of ) Tj ET Q q 0 0 0 rg BT 320.50 421.50 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 369.97 421.50 Td (most ) Tj ET Q q 0 0 0 rg BT 396.79 421.50 Td (recently ) Tj ET Q q 0 0 0 rg BT 438.92 421.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 487.05 421.50 Td (to ) Tj ET Q q 0 0 0 rg BT 499.87 421.50 Td (Bank ) Tj ET Q q 0 0 0 rg BT 528.68 421.50 Td (remain ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (true, ) Tj ET Q q 0 0 0 rg BT 74.37 407.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 117.54 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.08 407.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 185.27 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.81 407.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.68 407.10 Td (not ) Tj ET Q q 0 0 0 rg BT 250.22 407.10 Td (been ) Tj ET Q q 0 0 0 rg BT 276.09 407.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 325.61 407.10 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 395.48 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.68 407.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 449.21 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.75 407.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.61 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.15 407.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 552.68 407.10 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 392.70 Td (be ) Tj ET Q q 0 0 0 rg BT 63.83 392.70 Td (in ) Tj ET Q q 0 0 0 rg BT 76.16 392.70 Td (full ) Tj ET Q q 0 0 0 rg BT 95.82 392.70 Td (force ) Tj ET Q q 0 0 0 rg BT 123.47 392.70 Td (and ) Tj ET Q q 0 0 0 rg BT 143.79 392.70 Td (ef) Tj ET Q q 0 0 0 rg BT 152.90 392.70 Td (fect;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 366.30 Td (4.4 ) Tj ET Q q 0 0 0 rg BT 157.50 366.30 Td (The ) Tj ET Q q 0 0 0 rg BT 178.98 366.30 Td (execution ) Tj ET Q q 0 0 0 rg BT 228.46 366.30 Td (and ) Tj ET Q q 0 0 0 rg BT 248.61 366.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 290.75 366.30 Td (by ) Tj ET Q q 0 0 0 rg BT 305.58 366.30 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 354.39 366.30 Td (of ) Tj ET Q q 0 0 0 rg BT 367.22 366.30 Td (this ) Tj ET Q q 0 0 0 rg BT 386.76 366.30 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 448.90 366.30 Td (and ) Tj ET Q q 0 0 0 rg BT 469.06 366.30 Td (the ) Tj ET Q q 0 0 0 rg BT 486.54 366.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 550.00 366.30 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 351.90 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 99.42 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 113.35 351.90 Td (its ) Tj ET Q q 0 0 0 rg BT 128.63 351.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 185.89 351.90 Td (under ) Tj ET Q q 0 0 0 rg BT 217.15 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.75 351.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 263.47 351.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 323.72 351.90 Td (as ) Tj ET Q q 0 0 0 rg BT 337.65 351.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 384.90 351.90 Td (by ) Tj ET Q q 0 0 0 rg BT 400.83 351.90 Td (this ) Tj ET Q q 0 0 0 rg BT 421.24 351.90 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 487.50 351.90 Td (have ) Tj ET Q q 0 0 0 rg BT 514.08 351.90 Td (been ) Tj ET Q q 0 0 0 rg BT 540.67 351.90 Td (duly ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 337.50 Td (authorized; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 311.10 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 157.50 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.98 311.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 228.46 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.61 311.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 290.75 311.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.58 311.10 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 354.39 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.22 311.10 Td (this ) Tj ET Q q 0 0 0 rg BT 386.76 311.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 448.90 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.06 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.54 311.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 550.00 311.10 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 296.70 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 98.22 296.70 Td (of ) Tj ET Q q 0 0 0 rg BT 110.95 296.70 Td (its ) Tj ET Q q 0 0 0 rg BT 125.02 296.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 181.09 296.70 Td (under ) Tj ET Q q 0 0 0 rg BT 211.15 296.70 Td (the ) Tj ET Q q 0 0 0 rg BT 228.54 296.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 255.33 296.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 314.37 296.70 Td (as ) Tj ET Q q 0 0 0 rg BT 327.10 296.70 Td (amended ) Tj ET Q q 0 0 0 rg BT 373.15 296.70 Td (by ) Tj ET Q q 0 0 0 rg BT 387.89 296.70 Td (this ) Tj ET Q q 0 0 0 rg BT 407.36 296.70 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 472.41 296.70 Td (do ) Tj ET Q q 0 0 0 rg BT 487.15 296.70 Td (not ) Tj ET Q q 0 0 0 rg BT 505.21 296.70 Td (and ) Tj ET Q q 0 0 0 rg BT 525.28 296.70 Td (will ) Tj ET Q q 0 0 0 rg BT 546.68 296.70 Td (not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 282.30 Td (contravene ) Tj ET Q q 0 0 0 rg BT 104.78 282.30 Td (\(a\)any ) Tj ET Q q 0 0 0 rg BT 141.08 282.30 Td (material ) Tj ET Q q 0 0 0 rg BT 183.04 282.30 Td (law ) Tj ET Q q 0 0 0 rg BT 203.01 282.30 Td (or ) Tj ET Q q 0 0 0 rg BT 215.65 282.30 Td (regulation ) Tj ET Q q 0 0 0 rg BT 266.95 282.30 Td (binding ) Tj ET Q q 0 0 0 rg BT 306.27 282.30 Td (on ) Tj ET Q q 0 0 0 rg BT 320.92 282.30 Td (or ) Tj ET Q q 0 0 0 rg BT 333.56 282.30 Td (af) Tj ET Q q 0 0 0 rg BT 342.67 282.30 Td (fecting ) Tj ET Q q 0 0 0 rg BT 378.63 282.30 Td (Borrower) Tj ET Q q 0 0 0 rg BT 424.14 282.30 Td (, ) Tj ET Q q 0 0 0 rg BT 429.79 282.30 Td (\(b\)any ) Tj ET Q q 0 0 0 rg BT 466.75 282.30 Td (material ) Tj ET Q q 0 0 0 rg BT 508.71 282.30 Td (contractual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.90 Td (restriction ) Tj ET Q q 0 0 0 rg BT 102.69 267.90 Td (with ) Tj ET Q q 0 0 0 rg BT 128.56 267.90 Td (a ) Tj ET Q q 0 0 0 rg BT 138.43 267.90 Td (Person ) Tj ET Q q 0 0 0 rg BT 175.63 267.90 Td (binding ) Tj ET Q q 0 0 0 rg BT 216.84 267.90 Td (on ) Tj ET Q q 0 0 0 rg BT 233.38 267.90 Td (Borrower) Tj ET Q q 0 0 0 rg BT 278.88 267.90 Td (, ) Tj ET Q q 0 0 0 rg BT 286.42 267.90 Td (\(c\)any ) Tj ET Q q 0 0 0 rg BT 324.60 267.90 Td (order) Tj ET Q q 0 0 0 rg BT 349.44 267.90 Td (, ) Tj ET Q q 0 0 0 rg BT 356.98 267.90 Td (judgment ) Tj ET Q q 0 0 0 rg BT 406.84 267.90 Td (or ) Tj ET Q q 0 0 0 rg BT 421.38 267.90 Td (decree ) Tj ET Q q 0 0 0 rg BT 457.22 267.90 Td (of ) Tj ET Q q 0 0 0 rg BT 471.75 267.90 Td (any ) Tj ET Q q 0 0 0 rg BT 493.62 267.90 Td (court ) Tj ET Q q 0 0 0 rg BT 522.81 267.90 Td (or ) Tj ET Q q 0 0 0 rg BT 537.35 267.90 Td (other ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 253.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 122.08 253.50 Td (or ) Tj ET Q q 0 0 0 rg BT 138.68 253.50 Td (public ) Tj ET Q q 0 0 0 rg BT 175.28 253.50 Td (body ) Tj ET Q q 0 0 0 rg BT 205.88 253.50 Td (or ) Tj ET Q q 0 0 0 rg BT 222.49 253.50 Td (authority) Tj ET Q q 0 0 0 rg BT 265.03 253.50 Td (, ) Tj ET Q q 0 0 0 rg BT 274.63 253.50 Td (or ) Tj ET Q q 0 0 0 rg BT 291.24 253.50 Td (subdivision ) Tj ET Q q 0 0 0 rg BT 353.18 253.50 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 396.76 253.50 Td (binding ) Tj ET Q q 0 0 0 rg BT 440.04 253.50 Td (on ) Tj ET Q q 0 0 0 rg BT 458.64 253.50 Td (Borrower) Tj ET Q q 0 0 0 rg BT 504.15 253.50 Td (, ) Tj ET Q q 0 0 0 rg BT 513.75 253.50 Td (or ) Tj ET Q q 0 0 0 rg BT 530.35 253.50 Td (\(d\)the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (or) Tj ET Q q 0 0 0 rg BT 59.28 239.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 120.92 239.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 175.91 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.91 239.10 Td (Borrower; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 212.70 Td (4.6 ) Tj ET Q q 0 0 0 rg BT 157.50 212.70 Td (The ) Tj ET Q q 0 0 0 rg BT 178.98 212.70 Td (execution ) Tj ET Q q 0 0 0 rg BT 228.46 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 248.61 212.70 Td (delivery ) Tj ET Q q 0 0 0 rg BT 290.75 212.70 Td (by ) Tj ET Q q 0 0 0 rg BT 305.58 212.70 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 354.39 212.70 Td (of ) Tj ET Q q 0 0 0 rg BT 367.22 212.70 Td (this ) Tj ET Q q 0 0 0 rg BT 386.76 212.70 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 448.90 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 469.06 212.70 Td (the ) Tj ET Q q 0 0 0 rg BT 486.54 212.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 550.00 212.70 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 198.30 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 98.40 198.30 Td (of ) Tj ET Q q 0 0 0 rg BT 111.30 198.30 Td (its ) Tj ET Q q 0 0 0 rg BT 125.55 198.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 181.80 198.30 Td (under ) Tj ET Q q 0 0 0 rg BT 212.03 198.30 Td (the ) Tj ET Q q 0 0 0 rg BT 229.61 198.30 Td (Loan ) Tj ET Q q 0 0 0 rg BT 256.53 198.30 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 315.75 198.30 Td (as ) Tj ET Q q 0 0 0 rg BT 328.66 198.30 Td (amended ) Tj ET Q q 0 0 0 rg BT 374.88 198.30 Td (by ) Tj ET Q q 0 0 0 rg BT 389.80 198.30 Td (this ) Tj ET Q q 0 0 0 rg BT 409.40 198.30 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 474.64 198.30 Td (do ) Tj ET Q q 0 0 0 rg BT 489.55 198.30 Td (not ) Tj ET Q q 0 0 0 rg BT 507.79 198.30 Td (require ) Tj ET Q q 0 0 0 rg BT 544.69 198.30 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (order) Tj ET Q q 0 0 0 rg BT 74.34 183.90 Td (, ) Tj ET Q q 0 0 0 rg BT 80.59 183.90 Td (consent, ) Tj ET Q q 0 0 0 rg BT 123.49 183.90 Td (approval, ) Tj ET Q q 0 0 0 rg BT 171.72 183.90 Td (license, ) Tj ET Q q 0 0 0 rg BT 211.28 183.90 Td (authorization ) Tj ET Q q 0 0 0 rg BT 277.84 183.90 Td (or ) Tj ET Q q 0 0 0 rg BT 291.08 183.90 Td (validation ) Tj ET Q q 0 0 0 rg BT 342.32 183.90 Td (of, ) Tj ET Q q 0 0 0 rg BT 358.56 183.90 Td (or ) Tj ET Q q 0 0 0 rg BT 371.81 183.90 Td (filing, ) Tj ET Q q 0 0 0 rg BT 404.05 183.90 Td (recording ) Tj ET Q q 0 0 0 rg BT 453.28 183.90 Td (or ) Tj ET Q q 0 0 0 rg BT 466.52 183.90 Td (registration ) Tj ET Q q 0 0 0 rg BT 524.42 183.90 Td (with, ) Tj ET Q q 0 0 0 rg BT 552.00 183.90 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 169.50 Td (exemption ) Tj ET Q q 0 0 0 rg BT 103.55 169.50 Td (by ) Tj ET Q q 0 0 0 rg BT 118.95 169.50 Td (any ) Tj ET Q q 0 0 0 rg BT 139.67 169.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 209.04 169.50 Td (or ) Tj ET Q q 0 0 0 rg BT 222.43 169.50 Td (public ) Tj ET Q q 0 0 0 rg BT 255.82 169.50 Td (body ) Tj ET Q q 0 0 0 rg BT 283.22 169.50 Td (or ) Tj ET Q q 0 0 0 rg BT 296.61 169.50 Td (authority) Tj ET Q q 0 0 0 rg BT 339.15 169.50 Td (, ) Tj ET Q q 0 0 0 rg BT 345.55 169.50 Td (or ) Tj ET Q q 0 0 0 rg BT 358.94 169.50 Td (subdivision ) Tj ET Q q 0 0 0 rg BT 417.68 169.50 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 458.05 169.50 Td (binding ) Tj ET Q q 0 0 0 rg BT 498.11 169.50 Td (on ) Tj ET Q q 0 0 0 rg BT 513.51 169.50 Td (Borrower) Tj ET Q q 0 0 0 rg BT 559.01 169.50 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (except ) Tj ET Q q 0 0 0 rg BT 83.81 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.81 155.10 Td (already ) Tj ET Q q 0 0 0 rg BT 135.12 155.10 Td (has ) Tj ET Q q 0 0 0 rg BT 154.11 155.10 Td (been ) Tj ET Q q 0 0 0 rg BT 179.77 155.10 Td (obtained 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q 0 0 0 rg BT 120.54 114.30 Td (Borrower) Tj ET Q q 0 0 0 rg BT 166.04 114.30 Td (, ) Tj ET Q q 0 0 0 rg BT 175.23 114.30 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 237.38 114.30 Td (against ) Tj ET Q q 0 0 0 rg BT 277.56 114.30 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 329.74 114.30 Td (in ) Tj ET Q q 0 0 0 rg BT 345.26 114.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 405.41 114.30 Td (with ) Tj ET Q q 0 0 0 rg BT 432.93 114.30 Td (its ) Tj ET Q q 0 0 0 rg BT 450.46 114.30 Td (terms, ) Tj ET Q q 0 0 0 rg BT 486.31 114.30 Td (except ) Tj ET Q q 0 0 0 rg BT 523.82 114.30 Td (as ) Tj ET Q q 0 0 0 rg BT 540.00 114.30 Td (such ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 99.90 Td (enforceability ) Tj ET Q q 0 0 0 rg BT 119.69 99.90 Td (may ) Tj ET Q q 0 0 0 rg BT 143.90 99.90 Td (be ) Tj ET Q q 0 0 0 rg BT 158.78 99.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 196.33 99.90 Td (by ) Tj ET Q q 0 0 0 rg BT 211.88 99.90 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 265.09 99.90 Td (, ) Tj ET Q q 0 0 0 rg BT 271.64 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Tj ET Q q 0 0 0 rg BT 501.99 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.60 646.25 Td (ALG, ) Tj ET Q q 0 0 0 rg BT 546.73 646.25 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (\(individually ) Tj ET Q q 0 0 0 rg BT 102.76 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.80 634.25 Td (collectively) Tj ET Q q 0 0 0 rg BT 164.80 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.90 634.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 196.61 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.65 634.25 Td (severally) Tj ET Q q 0 0 0 rg BT 248.09 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 252.19 634.25 Td (Borrower\) ) Tj ET Q q 0 0 0 rg BT 304.32 634.25 Td (certifies ) Tj ET Q q 0 0 0 rg BT 338.13 634.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.72 634.25 Td (under ) Tj ET Q q 0 0 0 rg BT 379.09 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.91 634.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 416.72 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.76 634.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 476.03 634.25 Td (of ) Tj ET Q q 0 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(compliance ) Tj ET Q q 0 0 0 rg BT 248.40 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.71 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.57 598.25 Td (period ) Tj ET Q q 0 0 0 rg BT 305.76 598.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 335.63 598.25 Td (_______________ ) Tj ET Q q 0 0 0 rg BT 413.27 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 433.70 598.25 Td (all ) Tj ET Q q 0 0 0 rg BT 446.34 598.25 Td (required ) Tj ET Q q 0 0 0 rg BT 482.30 598.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 524.93 598.25 Td (except ) Tj ET Q q 0 0 0 rg BT 553.67 598.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 74.02 586.25 Td (below; ) Tj ET Q q 0 0 0 rg BT 103.53 586.25 Td (\(2\)there ) Tj ET Q q 0 0 0 rg BT 139.98 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.49 586.25 Td (no ) Tj ET Q q 0 0 0 rg BT 166.79 586.25 Td (Events ) Tj ET Q q 0 0 0 rg BT 196.30 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.93 586.25 Td (Default; ) Tj ET Q q 0 0 0 rg BT 242.00 586.25 Td (\(3\)all ) Tj ET Q q 0 0 0 rg BT 268.45 586.25 Td (representations ) Tj ET Q q 0 0 0 rg BT 331.28 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.02 586.25 Td (warranties ) Tj ET Q q 0 0 0 rg BT 391.97 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.04 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.05 586.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 462.78 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 477.28 586.25 Td (true ) Tj ET Q q 0 0 0 rg BT 495.13 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.87 586.25 Td (correct ) Tj ET Q q 0 0 0 rg BT 541.92 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.00 586.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (material ) Tj ET Q q 0 0 0 rg BT 84.76 574.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 119.47 574.25 Td (on ) Tj ET Q q 0 0 0 rg BT 131.97 574.25 Td (this ) Tj ET Q q 0 0 0 rg BT 148.92 574.25 Td (date ) Tj ET Q q 0 0 0 rg BT 168.08 574.25 Td (except ) Tj ET Q q 0 0 0 rg BT 196.67 574.25 Td (as ) Tj ET Q q 0 0 0 rg BT 207.50 574.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 232.22 574.25 Td (below; ) Tj ET Q q 0 0 0 rg BT 261.94 574.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 302.49 574.25 Td (however) Tj ET Q q 0 0 0 rg BT 336.52 574.25 Td (, ) Tj ET Q q 0 0 0 rg BT 341.52 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 359.01 574.25 Td (such ) Tj ET Q q 0 0 0 rg BT 379.85 574.25 Td (materiality ) Tj ET Q q 0 0 0 rg BT 425.66 574.25 Td (qualifier ) Tj ET Q q 0 0 0 rg BT 462.04 574.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 483.42 574.25 Td (not ) Tj ET Q q 0 0 0 rg BT 498.70 574.25 Td (be ) Tj ET Q q 0 0 0 rg BT 510.64 574.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 554.23 574.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (any ) Tj ET Q q 0 0 0 rg BT 66.48 562.25 Td (representations ) Tj ET Q q 0 0 0 rg BT 129.55 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.53 562.25 Td (warranties ) Tj ET Q q 0 0 0 rg BT 190.72 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.26 562.25 Td (already ) Tj ET Q q 0 0 0 rg BT 240.22 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.97 562.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 293.05 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.93 562.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 342.57 562.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.11 562.25 Td (materiality ) Tj ET Q q 0 0 0 rg BT 400.97 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 411.29 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.05 562.25 Td (text ) Tj ET Q q 0 0 0 rg BT 443.58 562.25 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 477.22 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.20 562.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 534.79 562.25 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.65 550.25 Td (those ) Tj ET Q q 0 0 0 rg BT 89.92 550.25 Td (representations ) Tj ET Q q 0 0 0 rg BT 152.61 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.21 550.25 Td (warranties ) Tj ET Q q 0 0 0 rg BT 213.01 550.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 252.94 550.25 Td (referring ) Tj ET Q q 0 0 0 rg BT 290.07 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.01 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 306.60 550.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 339.86 550.25 Td (date ) Tj ET Q q 0 0 0 rg BT 358.67 550.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 379.71 550.25 Td (be ) Tj ET Q q 0 0 0 rg BT 391.31 550.25 Td (true, ) Tj ET Q q 0 0 0 rg BT 411.52 550.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 446.98 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.57 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.51 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.88 550.25 Td (best ) Tj ET Q q 0 0 0 rg BT 506.15 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.64 550.25 Td (Borrower) Tj ET Q q 0 0 0 rg BT 555.33 550.25 Td () Tj ET Q q 0 0 0 rg BT 558.11 550.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 97.64 538.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 136.06 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.60 538.25 Td (all ) Tj ET Q q 0 0 0 rg BT 157.36 538.25 Td (material ) Tj ET Q q 0 0 0 rg BT 191.89 538.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 225.86 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 235.95 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.05 538.25 Td (such ) Tj ET Q q 0 0 0 rg BT 266.14 538.25 Td (date; ) Tj ET Q q 0 0 0 rg BT 287.34 538.25 Td (\(4\)Borrower) Tj ET Q q 0 0 0 rg BT 339.42 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 343.69 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.89 538.25 Td (each ) Tj ET Q q 0 0 0 rg BT 379.97 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.07 538.25 Td (its ) Tj ET Q q 0 0 0 rg BT 401.28 538.25 Td (Subsidiaries, ) Tj ET Q q 0 0 0 rg BT 454.43 538.25 Td (has ) Tj ET Q q 0 0 0 rg BT 469.53 538.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 496.84 538.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 516.93 538.25 Td (all ) Tj ET Q q 0 0 0 rg BT 528.69 538.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (material ) Tj ET Q q 0 0 0 rg BT 85.36 526.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.67 526.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 131.54 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.07 526.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 182.44 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.97 526.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 241.39 526.25 Td (has ) Tj ET Q q 0 0 0 rg BT 257.82 526.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 286.47 526.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 306.78 526.25 Td (all ) Tj ET Q q 0 0 0 rg BT 319.87 526.25 Td (material ) Tj ET Q q 0 0 0 rg BT 355.73 526.25 Td (foreign, ) Tj ET Q q 0 0 0 rg BT 390.20 526.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 423.55 526.25 Td (state ) Tj ET Q q 0 0 0 rg BT 444.98 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.51 526.25 Td (local ) Tj ET Q q 0 0 0 rg BT 485.04 526.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 511.19 526.25 Td (assessments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 84.18 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.52 514.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 155.19 514.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 178.75 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 190.65 514.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 230.88 514.25 Td (except ) Tj ET Q q 0 0 0 rg BT 258.87 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 269.10 514.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 309.88 514.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 350.10 514.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 386.44 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.12 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.24 514.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 434.35 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.59 514.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 476.48 514.25 Td (5.9 ) Tj ET Q q 0 0 0 rg BT 490.88 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.11 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.81 514.25 Td (Agreement; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.17 502.25 Td (\(5\)no ) Tj ET Q q 0 0 0 rg BT 92.56 502.25 Td (Liens ) Tj ET Q q 0 0 0 rg BT 117.01 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 138.11 502.25 Td (been ) Tj ET Q q 0 0 0 rg BT 159.22 502.25 Td (levied ) Tj ET Q q 0 0 0 rg BT 185.89 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 196.45 502.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 224.78 502.25 Td (made ) Tj ET Q q 0 0 0 rg BT 248.67 502.25 Td (against ) Tj ET Q q 0 0 0 rg BT 279.22 502.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 319.77 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.33 502.25 Td (any ) Tj ET Q q 0 0 0 rg BT 347.00 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.56 502.25 Td (its ) Tj ET Q q 0 0 0 rg BT 369.24 502.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.36 502.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 453.13 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.14 502.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 492.59 502.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 533.69 502.25 Td (payroll ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 490.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 94.49 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.32 490.25 Td (which ) Tj ET Q q 0 0 0 rg BT 132.25 490.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 173.07 490.25 Td (has ) Tj ET Q q 0 0 0 rg BT 188.90 490.25 Td (not ) Tj ET Q q 0 0 0 rg BT 204.18 490.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 248.90 490.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 286.95 490.25 Td (written ) Tj ET Q q 0 0 0 rg BT 317.77 490.25 Td (notification ) Tj ET Q q 0 0 0 rg BT 366.37 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.65 490.25 Td (Bank. ) Tj ET Q q 0 0 0 rg BT 402.76 490.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 466.25 Td (Attached ) Tj ET Q q 0 0 0 rg BT 124.37 466.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.35 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.34 466.25 Td (required ) Tj ET Q q 0 0 0 rg BT 190.43 466.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 236.53 466.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 282.09 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.08 466.25 Td (certification. ) Tj ET Q q 0 0 0 rg BT 350.66 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.23 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 371.55 466.25 Td (undersigned ) Tj ET Q q 0 0 0 rg BT 423.21 466.25 Td (certifies ) Tj ET Q q 0 0 0 rg BT 458.18 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 475.95 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.94 466.25 Td (attached ) Tj ET Q q 0 0 0 rg BT 527.03 466.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.94 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 110.38 454.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 148.59 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 159.60 454.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 207.79 454.25 Td (with ) Tj ET Q q 0 0 0 rg BT 228.80 454.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 255.66 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.89 454.25 Td (consistently ) Tj ET Q q 0 0 0 rg BT 309.89 454.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 342.56 454.25 Td (from ) Tj ET Q q 0 0 0 rg BT 365.23 454.25 Td (one ) Tj ET Q q 0 0 0 rg BT 382.90 454.25 Td (period ) Tj ET Q q 0 0 0 rg BT 411.68 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.69 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.13 454.25 Td (next ) Tj ET Q q 0 0 0 rg BT 458.58 454.25 Td (except ) Tj ET Q q 0 0 0 rg BT 487.91 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 499.47 454.25 Td (explained ) Tj ET Q q 0 0 0 rg BT 541.57 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.58 454.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 109.66 442.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 132.06 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 142.24 442.25 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 181.31 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.60 442.25 Td (except, ) Tj ET Q q 0 0 0 rg BT 228.04 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.67 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.74 442.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 274.69 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.88 442.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 326.16 442.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.99 442.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 407.06 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 420.57 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.64 442.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 468.14 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.32 442.25 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 517.39 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.68 442.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.12 430.25 Td (year) Tj ET Q q 0 0 0 rg BT 76.13 430.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 95.73 430.25 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 147.85 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.55 430.25 Td (The ) Tj ET Q q 0 0 0 rg BT 166.94 430.25 Td (undersigned ) Tj ET Q q 0 0 0 rg BT 217.66 430.25 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 276.14 430.25 Td (that ) Tj ET Q q 0 0 0 rg BT 292.98 430.25 Td (no ) Tj ET Q q 0 0 0 rg BT 304.82 430.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 352.21 430.25 Td (may ) Tj ET Q q 0 0 0 rg BT 371.27 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 382.54 430.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 422.70 430.25 Td (at ) Tj ET Q q 0 0 0 rg BT 431.76 430.25 Td (any ) Tj ET Q q 0 0 0 rg BT 448.03 430.25 Td (time ) Tj ET Q q 0 0 0 rg BT 467.65 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.82 430.25 Td (date ) Tj ET Q q 0 0 0 rg BT 496.31 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.48 430.25 Td (determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.82 418.25 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 107.46 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.46 418.25 Td (not ) Tj ET Q q 0 0 0 rg BT 131.56 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.66 418.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 190.08 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 210.18 418.25 Td (any ) Tj ET Q q 0 0 0 rg BT 226.94 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.60 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.14 418.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 276.68 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.33 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.36 418.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 350.61 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.37 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.69 418.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 433.10 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 442.10 418.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 489.40 418.25 Td (not ) Tj ET Q q 0 0 0 rg BT 504.50 418.25 Td (just ) Tj ET Q q 0 0 0 rg BT 521.28 418.25 Td (at ) Tj ET Q q 0 0 0 rg BT 530.82 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.36 418.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.73 406.25 Td (certificate ) Tj ET Q q 0 0 0 rg BT 109.49 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.94 406.25 Td (delivered. ) Tj ET Q q 0 0 0 rg BT 161.43 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.21 406.25 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 212.54 406.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 237.54 406.25 Td (used ) Tj ET Q q 0 0 0 rg BT 258.66 406.25 Td (but ) Tj ET Q q 0 0 0 rg BT 274.22 406.25 Td (not ) Tj ET Q q 0 0 0 rg BT 289.78 406.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 331.45 406.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 364.22 406.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 391.99 406.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 413.66 406.25 Td (have ) Tj ET Q q 0 0 0 rg BT 435.32 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.33 406.25 Td (meanings ) Tj ET Q q 0 0 0 rg BT 491.44 406.25 Td (given ) Tj ET Q q 0 0 0 rg BT 516.44 406.25 Td (them ) Tj ET Q q 0 0 0 rg BT 539.22 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 406.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 Td (Agreement.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 347.75 m 299.25 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 347.75 m 467.25 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 347.75 m 557.25 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 347.75 m 53.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 347.75 m 299.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 347.75 m 299.25 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 332.75 m 299.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 347.75 m 299.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 347.75 m 467.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 347.75 m 467.25 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 332.75 m 467.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 347.75 m 467.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 347.75 m 557.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 347.75 m 557.25 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 332.75 m 557.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 332.75 m 53.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 332.75 m 299.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 332.75 m 299.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 317.75 m 299.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 332.75 m 299.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 332.75 m 467.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 332.75 m 467.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 317.75 m 467.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 332.75 m 467.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 332.75 m 557.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 332.75 m 557.25 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 317.75 m 557.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 317.75 m 53.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 317.75 m 299.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 317.75 m 299.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 290.75 m 299.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 317.75 m 299.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 317.75 m 467.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 317.75 m 467.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 290.75 m 467.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 317.75 m 467.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 317.75 m 557.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 317.75 m 557.25 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 290.75 m 557.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 290.75 m 53.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 290.75 m 299.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 290.75 m 299.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 275.75 m 299.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 290.75 m 299.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 290.75 m 467.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 290.75 m 467.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 275.75 m 467.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 290.75 m 467.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 290.75 m 557.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 290.75 m 557.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 275.75 m 557.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 275.75 m 53.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 275.75 m 299.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 275.75 m 299.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 260.75 m 299.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 275.75 m 299.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 275.75 m 467.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 275.75 m 467.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 260.75 m 467.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 275.75 m 467.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 275.75 m 557.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 275.75 m 557.25 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 260.75 m 557.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 260.75 m 53.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 260.75 m 299.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 260.75 m 299.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 245.75 m 299.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 260.75 m 299.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 260.75 m 467.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 260.75 m 467.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 245.75 m 467.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 260.75 m 467.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 260.75 m 557.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 260.75 m 557.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 245.75 m 557.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 245.75 m 53.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 245.75 m 299.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 230.75 m 299.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 245.75 m 467.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 230.75 m 467.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 245.75 m 557.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 245.75 m 557.25 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 230.75 m 557.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 230.75 m 53.25 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 230.75 m 299.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 179.75 m 299.25 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 230.75 m 467.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 179.75 m 467.25 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 230.75 m 557.25 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 230.75 m 557.25 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.25 179.75 m 557.25 179.75 l s BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 55.75 359.86259765625 m 393.337890625 359.86259765625 l s q 0 0 0 rg BT 55.75 361.43 Td (Please indicate compliance status by cir) Tj ET Q q 0 0 0 rg BT 224.16 361.43 Td (cling ) Tj ET Q q 0 0 0 rg BT 246.84 361.43 Td (Y) Tj ET Q q 0 0 0 rg BT 252.96 361.43 Td (es/No under) Tj ET Q q 0 0 0 rg BT 304.17 361.43 Td ( Complies column.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 132.25 335.86259765625 m 219.193359375 335.86259765625 l s q 0 0 0 rg BT 132.25 337.43 Td (Reporting Covenant) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 362.8 335.86259765625 m 402.6193359375 335.86259765625 l s q 0 0 0 rg BT 362.80 337.43 Td (Requir) Tj ET Q q 0 0 0 rg BT 392.71 337.43 Td (ed) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 491.75 335.86259765625 m 531.75 335.86259765625 l s q 0 0 0 rg BT 491.75 337.43 Td (Complies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 307.42 Td (Quarterly financial statements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 295.42 Td (Compliance Certificate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 305.42 Td (Quarterly within 45 days for Q1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 295.42 Td (through Q3 and within 60 days for Q4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.60 295.42 Td (Y) Tj ET Q q 0 0 0 rg BT 501.32 295.42 Td (es No) Tj ET Q /GS0 gs q 80.43 0 0 9.09 55.75 278.26 cm /I29 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 280.42 Td (W) Tj ET Q q 0 0 0 rg BT 310.99 280.42 Td (ithin 5 days after filing with SEC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.60 280.42 Td (Y) Tj ET Q q 0 0 0 rg BT 501.32 280.42 Td (es No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 265.42 Td (Annual Financial Projections) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 265.42 Td (W) Tj ET Q q 0 0 0 rg BT 310.99 265.42 Td (ithin 60 days after FYE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.25 265.42 Td ( ) Tj ET Q q 0 0 0 rg BT 496.88 265.42 Td (Y) Tj ET Q q 0 0 0 rg BT 503.10 265.42 Td (es No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 250.42 Td (Accounts at Bank or Bank) Tj ET Q q 0 0 0 rg BT 164.34 250.42 Td (s ) Tj ET Q q 0 0 0 rg BT 170.18 250.42 Td (Af) Tj ET Q q 0 0 0 rg BT 180.36 250.42 Td (filiates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 250.42 Td (85% of all accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 220.42 Td (The following Intellectual Property was registered \(or a registration application submitted\) since the date of the last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 208.42 Td (Compliance Certificate delivered pursuant to Section 6.2\(b\) \(if no registrations, state None\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 196.42 Td (___________________________________________________________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 184.42 Td (___________________________________________________________________________________________) Tj ET Q BT /F1 12.00 Tf ET endstream endobj 235 0 obj <> endobj 236 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 748.5 m 53.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 748.5 m 329.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 748.5 m 329.25 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 733.5 m 329.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 748.5 m 329.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 748.5 m 395.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 748.5 m 395.25 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 733.5 m 395.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 748.5 m 395.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 748.5 m 461.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 748.5 m 461.25 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 733.5 m 461.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 748.5 m 461.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 748.5 m 557.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 748.5 m 557.25 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 733.5 m 557.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 733.5 m 53.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 733.5 m 329.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 733.5 m 329.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 718.5 m 329.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 733.5 m 329.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 733.5 m 395.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 733.5 m 395.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 718.5 m 395.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 733.5 m 395.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 733.5 m 461.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 733.5 m 461.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 718.5 m 461.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 733.5 m 461.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 733.5 m 557.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 733.5 m 557.25 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 718.5 m 557.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 718.5 m 53.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 718.5 m 329.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 718.5 m 329.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 703.5 m 329.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 718.5 m 329.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 718.5 m 395.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 718.5 m 395.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 703.5 m 395.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 718.5 m 395.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 718.5 m 461.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 718.5 m 461.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 703.5 m 461.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 718.5 m 461.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 718.5 m 557.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 718.5 m 557.25 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 703.5 m 557.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 703.5 m 53.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 703.5 m 329.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 703.5 m 329.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 688.5 m 329.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 703.5 m 329.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 703.5 m 395.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 703.5 m 395.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 688.5 m 395.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 703.5 m 395.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 703.5 m 461.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 703.5 m 461.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 688.5 m 461.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 703.5 m 461.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 703.5 m 557.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 703.5 m 557.25 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 688.5 m 557.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 688.5 m 53.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 688.5 m 329.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 688.5 m 329.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 673.5 m 329.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 688.5 m 329.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 688.5 m 395.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 688.5 m 395.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 673.5 m 395.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 688.5 m 395.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 688.5 m 461.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 688.5 m 461.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 673.5 m 461.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 688.5 m 461.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 688.5 m 557.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 688.5 m 557.25 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 673.5 m 557.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 673.5 m 53.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 673.5 m 329.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 673.5 m 329.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 658.5 m 329.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 673.5 m 329.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 673.5 m 395.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 673.5 m 395.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 658.5 m 395.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 673.5 m 395.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 673.5 m 461.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 673.5 m 461.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 658.5 m 461.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 673.5 m 461.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 673.5 m 557.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 673.5 m 557.25 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 658.5 m 557.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 658.5 m 53.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 658.5 m 329.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 658.5 m 329.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 643.5 m 329.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 658.5 m 329.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 658.5 m 395.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 658.5 m 395.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 643.5 m 395.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 658.5 m 395.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 658.5 m 461.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 658.5 m 461.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 643.5 m 461.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 658.5 m 461.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 658.5 m 557.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 658.5 m 557.25 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 643.5 m 557.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 643.5 m 53.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 643.5 m 329.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 628.5 m 329.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 643.5 m 395.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 628.5 m 395.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 643.5 m 461.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 628.5 m 461.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 643.5 m 557.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 643.5 m 557.25 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 628.5 m 557.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 628.5 m 53.25 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 628.5 m 329.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 613.5 m 329.25 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 628.5 m 395.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.25 613.5 m 395.25 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 628.5 m 461.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 613.5 m 461.25 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 628.5 m 557.25 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 628.5 m 557.25 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 613.5 m 557.25 613.5 l s BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 148.9 736.61259765625 m 232.5181640625 736.61259765625 l s q 0 0 0 rg BT 148.90 738.18 Td (Financial Covenant) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 331.75 736.61259765625 m 371.5693359375 736.61259765625 l s q 0 0 0 rg BT 331.75 738.18 Td (Requir) Tj ET Q q 0 0 0 rg BT 361.66 738.18 Td (ed) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 397.75 736.61259765625 m 426.080078125 736.61259765625 l s q 0 0 0 rg BT 397.75 738.18 Td (Actual) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 488.75 736.61259765625 m 528.75 736.61259765625 l s q 0 0 0 rg BT 488.75 738.18 Td (Complies) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 55.75 706.61259765625 m 194.0849609375 706.61259765625 l s q 0 0 0 rg BT 55.75 708.18 Td (Maintain on a Quarterly Basis*:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.75 693.17 Td (Maximum Consolidated Leverage Ratio:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.75 678.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 101.10 678.17 Td (fective Date through 3/31/20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.75 678.17 Td (3.00:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.75 678.17 Td (_____:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.60 678.17 Td (Y) Tj ET Q q 0 0 0 rg BT 498.32 678.17 Td (es No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.75 663.17 Td (4/1/20 and thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.75 663.17 Td (2.50:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.75 663.17 Td (_____:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.60 663.17 Td (Y) Tj ET Q q 0 0 0 rg BT 498.32 663.17 Td (es No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.75 648.17 Td (Minimum Fixed Char) Tj ET Q q 0 0 0 rg BT 160.79 648.17 Td (ge Coverage Ratio:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.75 648.17 Td (1.25:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.75 648.17 Td (_____:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.60 648.17 Td (Y) Tj ET Q q 0 0 0 rg BT 497.82 648.17 Td (es No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 618.17 Td (* Only required if Borrower) Tj ET Q q 0 0 0 rg BT 168.87 618.17 Td () Tj ET Q q 0 0 0 rg BT 171.64 618.17 Td (s ) Tj ET Q q 0 0 0 rg BT 177.48 618.17 Td (Adjusted Quick Ratio is less than 1.50 to 1.00.) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 591.5 m 53.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 591.5 m 197.25 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 577.5 m 197.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 591.5 m 485.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 591.5 m 485.25 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 577.5 m 485.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 591.5 m 485.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 591.5 m 557.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 591.5 m 557.25 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 577.5 m 557.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 577.5 m 53.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 577.5 m 197.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 577.5 m 197.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 537.5 m 197.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 577.5 m 197.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 577.5 m 485.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 577.5 m 485.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 537.5 m 485.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 577.5 m 485.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 577.5 m 557.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 577.5 m 557.25 577.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 537.5 m 557.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 537.5 m 53.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 537.5 m 197.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 537.5 m 197.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 523.5 m 197.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 537.5 m 197.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 537.5 m 485.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 537.5 m 485.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 523.5 m 485.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 537.5 m 485.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 537.5 m 557.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 537.5 m 557.25 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 523.5 m 557.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 523.5 m 53.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 523.5 m 197.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 523.5 m 197.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 509.5 m 197.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 523.5 m 197.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 523.5 m 485.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 523.5 m 485.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 509.5 m 485.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 523.5 m 485.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 523.5 m 557.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 523.5 m 557.25 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 509.5 m 557.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 509.5 m 53.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 509.5 m 197.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 509.5 m 197.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.25 495.5 m 197.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 509.5 m 197.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 509.5 m 485.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 509.5 m 485.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 495.5 m 485.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 509.5 m 485.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 509.5 m 557.25 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 509.5 m 557.25 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.25 495.5 m 557.25 495.5 l s BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 185.4 580.61259765625 m 352.0259765625 580.61259765625 l s q 0 0 0 rg BT 185.40 582.18 Td (Performance Pricing; Unused Line Fee) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 504.6 580.61259765625 m 536.8314453125 580.61259765625 l s q 0 0 0 rg BT 504.60 582.18 Td (Applies) Tj ET Q /GS0 gs q 71.04 0 0 8.93 55.75 526.02 cm /I30 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.75 528.07 Td (LIBOR + 1.75%; Prime - 0.25%; No Unused Line Fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.60 528.07 Td (Y) Tj ET Q q 0 0 0 rg BT 510.32 528.07 Td (es No) Tj ET Q /GS0 gs q 117.25 0 0 9.09 55.75 511.91 cm /I31 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.75 514.07 Td (LIBOR + 2.25%; Prime + 0.25%; Unused Line Fee = 0.15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.60 514.07 Td (Y) Tj ET Q q 0 0 0 rg BT 510.32 514.07 Td (es No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.75 500.07 Td (AQR < 1.00:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.75 500.07 Td (LIBOR + 2.50%; Prime + 0.50%; Unused Line Fee = 0.20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.60 500.07 Td (Y) Tj ET Q q 0 0 0 rg BT 509.82 500.07 Td (es No) Tj ET Q BT /F1 12.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 472.00 Td (The following financial calculations and covenant analyses and information set forth in Schedule 1 attached hereto are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.00 Td (true and accurate as of the date of this Certificate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 436.00 Td (The following are the exceptions with respect to the certification above: \(If no exceptions exist, state No exceptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.00 Td (to note.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.00 Td (---------------------------------------------------------------------------------------------------------------------------------------------------------) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.00 Td (---------------------------------------------------------------------------------------------------------------------------------------------------------) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.00 Td (---------------------------------------------------------------------------------------------------------------------------------) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.75 307.17 Td (T) Tj ET Q q 0 0 0 rg BT 74.51 307.17 Td (rueCar) Tj ET Q q 0 0 0 rg BT 101.31 307.17 Td (, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.75 295.17 Td (T) Tj ET Q q 0 0 0 rg BT 74.51 295.17 Td (rueCar) Tj ET Q q 0 0 0 rg BT 101.16 295.17 Td (.com, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.75 283.17 Td (ALG, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.75 247.17 Td (By: _________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.75 235.17 Td (Name: _________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.75 223.17 Td (T) Tj ET Q q 0 0 0 rg BT 74.51 223.17 Td (itle: _________________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.75 343.33 Td (BANK USE ONL) Tj ET Q q 0 0 0 rg BT 387.85 343.33 Td (Y) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 319.17 Td (Received by: _____________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.75 307.17 Td (AUTHORIZED SIGNER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 295.17 Td (Date: _________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 271.17 Td (V) Tj ET Q q 0 0 0 rg BT 319.86 271.17 Td (erified: ________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.75 259.17 Td (AUTHORIZED SIGNER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 247.17 Td (Date: _________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.75 223.17 Td (Compliance Status: ) Tj ET Q q 0 0 0 rg BT 413.93 223.17 Td (Y) Tj ET Q q 0 0 0 rg BT 420.15 223.17 Td (es No) Tj ET Q BT /F1 12.00 Tf ET endstream endobj 237 0 obj <> endobj 238 0 obj <> stream BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 226.55 740.68505859375 m 384.85078125 740.68505859375 l s q 0 0 0 rg BT 226.55 742.25 Td (Schedule 1 to Compliance Certificate) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 234.65 716.68505859375 m 376.86435546875 716.68505859375 l s q 0 0 0 rg BT 234.65 718.25 Td (Financial Covenants of Borr) Tj ET Q q 0 0 0 rg BT 355.86 718.25 Td (ower) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 694.25 Td (In the event of a conflict between this Schedule and the Loan ) Tj ET Q q 0 0 0 rg BT 332.08 694.25 Td (Agreement, the terms of the Loan ) Tj ET Q q 0 0 0 rg BT 468.98 694.25 Td (Agreement shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (govern.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (Dated: ) Tj ET Q q 0 0 0 rg BT 85.50 658.25 Td (____________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (I. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 634.25 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.40 634.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.90 634.25 Td (Quick Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.84 634.25 Td ( \(This is not a financial covenant but is used to determine pricing, the Unused Revolving Line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 622.25 Td (Facility Fee, and whether the financial covenants apply\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (Required: ) Tj ET Q q 0 0 0 rg BT 121.50 598.25 Td (See below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (Actual: ) Tj ET Q q 0 0 0 rg BT 85.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 574.25 Td (_____:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 542.32 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 541.42 Td (Aggregate value of the unrestricted cash and Cash Equivalents of Borrower) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 541.42 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 527.32 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 526.42 Td (Aggregate value of the net billed accounts receivable of Borrower) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 526.42 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 512.32 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 511.42 Td (Quick ) Tj ET Q q 0 0 0 rg BT 124.91 511.42 Td (Assets \(the sum of lines ) Tj ET Q q 0 0 0 rg BT 222.41 511.42 Td (A) Tj ET Q q 0 0 0 rg BT 229.08 511.42 Td ( and B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 511.42 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 497.32 Td (D.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 495.0833984375 m 257.9326171875 495.0833984375 l s q 0 0 0 rg BT 98.25 496.42 Td (Aggregate value of Obligations to Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 496.42 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 482.32 Td (E.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 480.0833984375 m 483.259765625 480.0833984375 l s q 0 0 0 rg BT 98.25 481.42 Td (Aggregate value of liabilities that should, under GAAP) Tj ET Q q 0 0 0 rg BT 318.20 481.42 Td (, be classified as liabilities on Borrower) Tj ET Q q 0 0 0 rg BT 476.40 481.42 Td () Tj ET Q q 0 0 0 rg BT 479.64 481.42 Td (s) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 470.0833984375 m 482.33203125 470.0833984375 l s q 0 0 0 rg BT 98.25 471.42 Td (consolidated balance sheet, including all Indebtedness \(including, without limitation, issued and) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 460.0833984375 m 473.9775390625 460.0833984375 l s q 0 0 0 rg BT 98.25 461.42 Td (outstanding Letters of Credit\), and not otherwise reflected in line D above that matures within) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 450.0833984375 m 146.5556640625 450.0833984375 l s q 0 0 0 rg BT 98.25 451.42 Td (one \(1\) year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 451.42 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 437.32 Td (F) Tj ET Q q 0 0 0 rg BT 74.41 437.32 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 435.0833984375 m 279.8759765625 435.0833984375 l s q 0 0 0 rg BT 98.25 436.42 Td (Current Liabilities \(the sum of lines D and E\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 436.42 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 422.32 Td (G.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 420.0833984375 m 289.3388671875 420.0833984375 l s q 0 0 0 rg BT 98.25 421.42 Td (Adjusted Quick Ratio \(line C divided by line F\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 421.42 Td (____) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 514.25 420.0833984375 m 534.5283203125 420.0833984375 l s q 0 0 0 rg BT 514.25 421.42 Td (:1.00) Tj ET Q BT /F1 12.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.25 Td (Is line G equal to or greater than 1.50:1:00?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 369.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 369.25 Td (LIBOR + 1.75%; Prime - 0.25%; No Unused Line Fee; Financial covenants do not apply) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.25 Td (Is line G less than 1.50:1:00 but equal to or greater than 1.00:1.00?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 321.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 321.25 Td (LIBOR + 2.25%; Prime + 0.25%; Unused Line Fee = 0.15%; Financial covenants apply) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.25 Td (Is line G less than 1.00:1:00?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 273.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 273.25 Td (LIBOR + 2.50%; Prime - 0.50%; Unused Line Fee = 0.20%; Financial covenants apply) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.25 Td (II. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 225.25 Td (Consolidated Leverage Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.38 225.25 Td ( \(Section 6.7\(a\)\) \(Only required if ) Tj ET Q q 0 0 0 rg BT 346.83 225.25 Td (AQR < 1.50:1.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.25 Td (Maximum: ) Tj ET Q q 0 0 0 rg BT 121.50 201.25 Td (3.00:1.00 \(from the Ef) Tj ET Q q 0 0 0 rg BT 211.02 201.25 Td (fective Date through March 31, 2020\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 189.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 189.25 Td (2.50:1.00 \(from and after ) Tj ET Q q 0 0 0 rg BT 224.25 189.25 Td (April 1, 2020\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.25 Td (Actual: ) Tj ET Q q 0 0 0 rg BT 85.50 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 165.25 Td (_____:1.00) Tj ET Q endstream endobj 239 0 obj <> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 739.07 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 739.07 Td (Funded Indebtedness, plus, without duplication, all issued and outstanding Letters of Credit and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 729.07 Td (all earn-out obligations \(under GAAP\) in connection with Permitted ) Tj ET Q q 0 0 0 rg BT 373.19 729.07 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 729.17 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 715.07 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 715.07 Td (Net Income of Borrower for the trailing 12 months most recently ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 715.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 701.07 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 701.07 Td (T) Tj ET Q q 0 0 0 rg BT 104.01 701.07 Td (o the extent included in the determination of Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 701.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 687.07 Td (1. ) Tj ET Q q 0 0 0 rg BT 130.66 687.07 Td (The provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 687.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 673.07 Td (2. Depreciation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 673.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 659.07 Td (3. ) Tj ET Q q 0 0 0 rg BT 130.47 659.07 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 659.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 645.07 Td (4. Net Interest Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 645.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 631.07 Td (5. Stock based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 631.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 617.07 Td (6. Non-cash warrant expenses, impairment char) Tj ET Q q 0 0 0 rg BT 311.42 617.07 Td (ges and other one-time non-cash expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 607.07 Td (approved by Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 607.17 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 593.07 Td (7. ) Tj ET Q q 0 0 0 rg BT 130.66 593.07 Td (The sum of lines 1 through 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 593.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 579.07 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 579.07 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 579.07 Td (railing 12-Month ) Tj ET Q q 0 0 0 rg BT 174.83 579.07 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 249.55 579.07 Td ( \(line B plus line C.7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 579.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 565.07 Td (E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 565.07 Td (Consolidated Leverage Ratio \(line ) Tj ET Q q 0 0 0 rg BT 237.65 565.07 Td (A) Tj ET Q q 0 0 0 rg BT 244.32 565.07 Td ( divided by line D\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 494.25 563.7333984375 m 534.5283203125 563.7333984375 l s q 0 0 0 rg BT 494.25 565.07 Td (____:1.00) Tj ET Q BT /F1 12.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 537.00 Td (Is line E less than or equal to the appropriate amount set forth above?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 513.00 Td (_______ ) Tj ET Q q 0 0 0 rg BT 121.50 513.00 Td (No, not in compliance ) Tj ET Q q 0 0 0 rg BT 229.50 513.00 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 513.00 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 513.00 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 513.00 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 513.00 Td (_______ ) Tj ET Q q 0 0 0 rg BT 409.50 513.00 Td () Tj ET Q q 0 0 0 rg BT 414.13 513.00 Td (Y) Tj ET Q q 0 0 0 rg BT 420.35 513.00 Td (es, in compliance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 477.00 Td (III. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 477.00 Td (Fixed Charge Coverage Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.41 477.00 Td ( \(Section 6.7\(b\)\) \(Only required if ) Tj ET Q q 0 0 0 rg BT 350.43 477.00 Td (AQR < 1.50:1.00\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 453.00 Td (Required: ) Tj ET Q q 0 0 0 rg BT 121.50 453.00 Td (1.25:100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.00 Td (Actual: ) Tj ET Q q 0 0 0 rg BT 85.50 429.00 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 429.00 Td (_____:1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 397.07 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 397.07 Td (V) Tj ET Q q 0 0 0 rg BT 104.92 397.07 Td (alue of Line II.D \(T) Tj ET Q q 0 0 0 rg BT 183.32 397.07 Td (railing 12-Month ) Tj ET Q q 0 0 0 rg BT 253.97 397.07 Td (Adjusted EBITDA\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 397.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 383.07 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 383.07 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 383.07 Td (railing 12-month cash income taxes paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 383.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 369.07 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 369.07 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 369.07 Td (railing 12-month capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 369.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 355.07 Td (D.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98.25 353.7333984375 m 232.419921875 353.7333984375 l s q 0 0 0 rg BT 98.25 355.07 Td (Line ) Tj ET Q q 0 0 0 rg BT 118.80 355.07 Td (A) Tj ET Q q 0 0 0 rg BT 125.47 355.07 Td ( minus line B minus line C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 355.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 341.07 Td (E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 341.07 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 341.07 Td (railing 12-month cash interest payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.25 341.07 Td ($________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 327.07 Td (F) Tj ET Q q 0 0 0 rg BT 74.41 327.07 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.25 327.07 Td (Fixed Char) Tj ET Q q 0 0 0 rg BT 142.79 327.07 Td (ge Coverage Ratio \(line D divided by line E\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 494.25 325.7333984375 m 534.5283203125 325.7333984375 l s q 0 0 0 rg BT 494.25 327.07 Td (____:1.00) Tj ET Q BT /F1 12.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.00 Td (Is line G equal to or greater than 1.25:1.00?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 275.00 Td (_______ ) Tj ET Q q 0 0 0 rg BT 121.50 275.00 Td (No, not in compliance ) Tj ET Q q 0 0 0 rg BT 229.50 275.00 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 275.00 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 275.00 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 275.00 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 275.00 Td (_______ ) Tj ET Q q 0 0 0 rg BT 409.50 275.00 Td () Tj ET Q q 0 0 0 rg BT 414.13 275.00 Td (Y) Tj ET Q q 0 0 0 rg BT 420.35 275.00 Td (es, in compliance) Tj ET Q endstream endobj 241 0 obj <> endobj 242 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.35 772.75 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 536.96 772.75 Td ( 10.28) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 264.55 741.60 Td (TRUECAR, INC. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 228.40 728.40 Td (EMPLOYMENT) Tj ET Q q 0 0 0 rg BT 309.48 728.40 Td ( ) Tj ET Q q 0 0 0 rg BT 311.62 728.40 Td (AGREEMENT) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 702.00 Td (This ) Tj ET Q q 0 0 0 rg BT 107.17 702.00 Td (Employment ) Tj ET Q q 0 0 0 rg BT 165.25 702.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 215.73 702.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 234.45 702.00 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.33 702.00 Td (Agr) Tj ET Q q 0 0 0 rg BT 257.46 702.00 Td (eement) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 291.05 702.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 301.21 702.00 Td (is ) Tj ET Q q 0 0 0 rg BT 310.16 702.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 344.14 702.00 Td (into ) Tj ET Q q 0 0 0 rg BT 362.87 702.00 Td (as ) Tj ET Q q 0 0 0 rg BT 373.65 702.00 Td (of ) Tj ET Q q 0 0 0 rg BT 384.42 702.00 Td (February ) Tj ET Q q 0 0 0 rg BT 425.75 702.00 Td (28, ) Tj ET Q q 0 0 0 rg BT 441.11 702.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 464.73 702.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 483.44 702.00 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 488.32 702.00 Td (Effective ) Tj ET Q q 0 0 0 rg BT 531.47 702.00 Td (Date) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 553.46 702.00 Td (\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (by ) Tj ET Q q 0 0 0 rg BT 63.46 688.80 Td (and ) Tj ET Q q 0 0 0 rg BT 81.81 688.80 Td (between ) Tj ET Q q 0 0 0 rg BT 120.74 688.80 Td (T) Tj ET Q q 0 0 0 rg BT 127.07 688.80 Td (rueCar) Tj ET Q q 0 0 0 rg BT 156.56 688.80 Td (, ) Tj ET Q q 0 0 0 rg BT 161.77 688.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 181.02 688.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 200.59 688.80 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 205.47 688.80 Td (Company) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 251.31 688.80 Td (\), ) Tj ET Q q 0 0 0 rg BT 265.07 688.80 Td (and ) Tj ET Q q 0 0 0 rg BT 283.41 688.80 Td (Michael ) Tj ET Q q 0 0 0 rg BT 321.91 688.80 Td (Darrow ) Tj ET Q q 0 0 0 rg BT 357.97 688.80 Td (\() Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 366.52 688.80 Td (Executive) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 412.34 688.80 Td ( ) Tj ET Q q 0 0 0 rg BT 419.68 688.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 440.77 688.80 Td (together ) Tj ET Q q 0 0 0 rg BT 479.28 688.80 Td (with ) Tj ET Q q 0 0 0 rg BT 501.29 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.19 688.80 Td (Company) Tj ET Q q 0 0 0 rg BT 559.25 688.80 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.60 Td (the ) Tj ET Q q 0 0 0 rg BT 66.19 675.60 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 71.07 675.60 Td (Parties) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.05 675.60 Td (\).) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 280.15 647.73369140625 m 331.82529296875 647.73369140625 l s q 0 0 0 rg BT 280.15 649.20 Td (RECIT) Tj ET Q q 0 0 0 rg BT 311.04 649.20 Td (ALS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 622.40 Td (WHEREAS, ) Tj ET Q q 0 0 0 rg BT 144.99 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 161.51 622.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 207.37 622.40 Td (wishes ) Tj ET Q q 0 0 0 rg BT 240.39 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 252.03 622.40 Td (retain ) Tj ET Q q 0 0 0 rg BT 280.15 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 296.67 622.40 Td (services ) Tj ET Q q 0 0 0 rg BT 335.18 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 347.42 622.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 394.48 622.40 Td (and ) Tj ET Q q 0 0 0 rg BT 413.44 622.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 460.50 622.40 Td (wishes ) Tj ET Q q 0 0 0 rg BT 493.53 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 505.16 622.40 Td (be ) Tj ET Q q 0 0 0 rg BT 518.63 622.40 Td (employed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.20 Td (by ) Tj ET Q q 0 0 0 rg BT 63.75 609.20 Td (the ) Tj ET Q q 0 0 0 rg BT 79.94 609.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.46 609.20 Td (on ) Tj ET Q q 0 0 0 rg BT 139.21 609.20 Td (the ) Tj ET Q q 0 0 0 rg BT 155.40 609.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 182.59 609.20 Td (and ) Tj ET Q q 0 0 0 rg BT 201.22 609.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.13 609.20 Td (to ) Tj ET Q q 0 0 0 rg BT 246.44 609.20 Td (the ) Tj ET Q q 0 0 0 rg BT 262.63 609.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 311.21 609.20 Td (set ) Tj ET Q q 0 0 0 rg BT 326.18 609.20 Td (forth ) Tj ET Q q 0 0 0 rg BT 350.31 609.20 Td (in ) Tj ET Q q 0 0 0 rg BT 361.61 609.20 Td (this ) Tj ET Q q 0 0 0 rg BT 379.65 609.20 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 582.30 Td (NOW) Tj ET Q q 0 0 0 rg BT 112.07 582.30 Td ( ) Tj ET Q q 0 0 0 rg BT 113.86 582.30 Td (THEREFORE, ) Tj ET Q q 0 0 0 rg BT 182.09 582.30 Td (in ) Tj ET Q q 0 0 0 rg BT 192.58 582.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 253.77 582.30 Td (of ) Tj ET Q q 0 0 0 rg BT 264.86 582.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.22 582.30 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 324.92 582.30 Td (recital ) Tj ET Q q 0 0 0 rg BT 354.32 582.30 Td (and ) Tj ET Q q 0 0 0 rg BT 372.13 582.30 Td (the ) Tj ET Q q 0 0 0 rg BT 387.50 582.30 Td (respective ) Tj ET Q q 0 0 0 rg BT 434.02 582.30 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 492.76 582.30 Td (of ) Tj ET Q q 0 0 0 rg BT 503.86 582.30 Td (the ) Tj ET Q q 0 0 0 rg BT 519.22 582.30 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.63 569.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 115.36 569.10 Td (set ) Tj ET Q q 0 0 0 rg BT 130.33 569.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 154.46 569.10 Td (below) Tj ET Q q 0 0 0 rg BT 180.63 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.13 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.32 569.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.84 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.48 569.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 313.21 569.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 339.77 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 351.68 569.10 Td (follows:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 542.20 Td (1. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 540.73369140625 m 223.43310546875 540.73369140625 l s q 0 0 0 rg BT 122.00 542.20 Td (Duties and Obligations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.43 542.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 515.30 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 513.83369140625 m 308.03173828125 513.83369140625 l s q 0 0 0 rg BT 158.00 515.30 Td (Duties ) Tj ET Q q 0 0 0 rg BT 189.86 515.30 Td (and ) Tj ET Q q 0 0 0 rg BT 208.88 515.30 Td (Scope ) Tj ET Q q 0 0 0 rg BT 238.90 515.30 Td (of ) Tj ET Q q 0 0 0 rg BT 251.21 515.30 Td (Employment) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 308.03 515.30 Td (. ) Tj ET Q q 0 0 0 rg BT 313.23 515.30 Td (As ) Tj ET Q q 0 0 0 rg BT 328.59 515.30 Td (of ) Tj ET Q q 0 0 0 rg BT 340.90 515.30 Td (March ) Tj ET Q q 0 0 0 rg BT 372.74 515.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 384.13 515.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 409.27 515.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 429.51 515.30 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 434.40 515.30 Td (Start ) Tj ET Q q 0 0 0 rg BT 461.36 515.30 Td (Date) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 483.35 515.30 Td (\), ) Tj ET Q q 0 0 0 rg BT 497.79 515.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 544.90 515.30 Td (will ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 76.71 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 89.38 502.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 136.61 502.10 Td (V) Tj ET Q q 0 0 0 rg BT 143.89 502.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 160.22 502.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 207.41 502.10 Td (OEM ) Tj ET Q q 0 0 0 rg BT 235.36 502.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 298.13 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.79 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.74 502.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.02 502.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.84 502.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 454.94 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.01 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.95 502.10 Td (Company) Tj ET Q q 0 0 0 rg BT 529.78 502.10 Td (s ) Tj ET Q q 0 0 0 rg BT 537.57 502.10 Td (Chief ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 488.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.35 488.90 Td (Of) Tj ET Q q 0 0 0 rg BT 107.76 488.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 130.28 488.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 149.76 488.90 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 154.64 488.90 Td (CEO) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 178.48 488.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 192.15 488.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 238.50 488.90 Td (will ) Tj ET Q q 0 0 0 rg BT 257.98 488.90 Td (have ) Tj ET Q q 0 0 0 rg BT 281.12 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 296.94 488.90 Td (authority ) Tj ET Q q 0 0 0 rg BT 339.02 488.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 382.32 488.90 Td (allowed ) Tj ET Q q 0 0 0 rg BT 419.52 488.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.45 488.90 Td (persons ) Tj ET Q q 0 0 0 rg BT 466.43 488.90 Td (dischar) Tj ET Q q 0 0 0 rg BT 497.99 488.90 Td (ging ) Tj ET Q q 0 0 0 rg BT 519.92 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.73 488.90 Td (duties ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 475.70 Td (of ) Tj ET Q q 0 0 0 rg BT 63.18 475.70 Td (such ) Tj ET Q q 0 0 0 rg BT 87.35 475.70 Td (position. ) Tj ET Q q 0 0 0 rg BT 129.56 475.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 177.55 475.70 Td (will ) Tj ET Q q 0 0 0 rg BT 198.68 475.70 Td (render ) Tj ET Q q 0 0 0 rg BT 230.78 475.70 Td (such ) Tj ET Q q 0 0 0 rg BT 254.96 475.70 Td (business ) Tj ET Q q 0 0 0 rg BT 296.25 475.70 Td (and ) Tj ET Q q 0 0 0 rg BT 316.14 475.70 Td (professional ) Tj ET Q q 0 0 0 rg BT 373.92 475.70 Td (services ) Tj ET Q q 0 0 0 rg BT 413.36 475.70 Td (in ) Tj ET Q q 0 0 0 rg BT 425.93 475.70 Td (the ) Tj ET Q q 0 0 0 rg BT 443.38 475.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 502.97 475.70 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 475.70 Td (his ) Tj ET Q q 0 0 0 rg BT 532.99 475.70 Td (duties, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 462.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 97.61 462.50 Td (with ) Tj ET Q q 0 0 0 rg BT 120.78 462.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 167.81 462.50 Td (s ) Tj ET Q q 0 0 0 rg BT 175.71 462.50 Td (position ) Tj ET Q q 0 0 0 rg BT 214.77 462.50 Td (within ) Tj ET Q q 0 0 0 rg BT 246.50 462.50 Td (the ) Tj ET Q q 0 0 0 rg BT 263.55 462.50 Td (Company) Tj ET Q q 0 0 0 rg BT 305.62 462.50 Td (, ) Tj ET Q q 0 0 0 rg BT 311.98 462.50 Td (as ) Tj ET Q q 0 0 0 rg BT 324.76 462.50 Td (will ) Tj ET Q q 0 0 0 rg BT 345.49 462.50 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 396.75 462.50 Td (be ) Tj ET Q q 0 0 0 rg BT 410.74 462.50 Td (assigned ) Tj ET Q q 0 0 0 rg BT 452.24 462.50 Td (to ) Tj ET Q q 0 0 0 rg BT 464.41 462.50 Td (him ) Tj ET Q q 0 0 0 rg BT 485.14 462.50 Td (by ) Tj ET Q q 0 0 0 rg BT 499.75 462.50 Td (the ) Tj ET Q q 0 0 0 rg BT 516.81 462.50 Td (CEO. ) Tj ET Q q 0 0 0 rg BT 544.91 462.50 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 449.30 Td (period ) Tj ET Q q 0 0 0 rg BT 80.85 449.30 Td (of ) Tj ET Q q 0 0 0 rg BT 92.76 449.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 139.80 449.30 Td (s ) Tj ET Q q 0 0 0 rg BT 146.83 449.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 204.57 449.30 Td (under ) Tj ET Q q 0 0 0 rg BT 232.36 449.30 Td (this ) Tj ET Q q 0 0 0 rg BT 250.40 449.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 302.02 449.30 Td (is ) Tj ET Q q 0 0 0 rg BT 312.10 449.30 Td (referred ) Tj ET Q q 0 0 0 rg BT 349.65 449.30 Td (to ) Tj ET Q q 0 0 0 rg BT 360.96 449.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 391.19 449.30 Td (as ) Tj ET Q q 0 0 0 rg BT 403.11 449.30 Td (the ) Tj ET Q q 0 0 0 rg BT 419.29 449.30 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 424.18 449.30 Td (Employment ) Tj ET Q q 0 0 0 rg BT 487.23 449.30 Td (T) Tj ET Q q 0 0 0 rg BT 493.56 449.30 Td (erm) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 512.48 449.30 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 422.50 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 421.03369140625 m 209.33154296875 421.03369140625 l s q 0 0 0 rg BT 158.00 422.50 Td (Obligations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.33 422.50 Td (. ) Tj ET Q q 0 0 0 rg BT 214.85 422.50 Td (During ) Tj ET Q q 0 0 0 rg BT 248.78 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.99 422.50 Td (Employment ) Tj ET Q q 0 0 0 rg BT 324.38 422.50 Td (T) Tj ET Q q 0 0 0 rg BT 330.33 422.50 Td (erm, ) Tj ET Q q 0 0 0 rg BT 352.95 422.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 399.70 422.50 Td (will ) Tj ET Q q 0 0 0 rg BT 419.58 422.50 Td (perform ) Tj ET Q q 0 0 0 rg BT 457.77 422.50 Td (his ) Tj ET Q q 0 0 0 rg BT 473.38 422.50 Td (duties ) Tj ET Q q 0 0 0 rg BT 502.42 422.50 Td (faithfully ) Tj ET Q q 0 0 0 rg BT 546.12 422.50 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 62.00 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 409.30 Td (best ) Tj ET Q q 0 0 0 rg BT 100.04 409.30 Td (of ) Tj ET Q q 0 0 0 rg BT 112.65 409.30 Td (his ) Tj ET Q q 0 0 0 rg BT 128.93 409.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.48 409.30 Td (and ) Tj ET Q q 0 0 0 rg BT 179.80 409.30 Td (will ) Tj ET Q q 0 0 0 rg BT 200.36 409.30 Td (devote ) Tj ET Q q 0 0 0 rg BT 233.12 409.30 Td (his ) Tj ET Q q 0 0 0 rg BT 249.40 409.30 Td (full ) Tj ET Q q 0 0 0 rg BT 268.12 409.30 Td (business ) Tj ET Q q 0 0 0 rg BT 308.84 409.30 Td (ef) Tj ET Q q 0 0 0 rg BT 317.19 409.30 Td (forts ) Tj ET Q q 0 0 0 rg BT 340.80 409.30 Td (and ) Tj ET Q q 0 0 0 rg BT 360.12 409.30 Td (time ) Tj ET Q q 0 0 0 rg BT 383.12 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 395.11 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 412.00 409.30 Td (Company) Tj ET Q q 0 0 0 rg BT 454.06 409.30 Td (. ) Tj ET Q q 0 0 0 rg BT 460.25 409.30 Td (For ) Tj ET Q q 0 0 0 rg BT 478.97 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 495.85 409.30 Td (duration ) Tj ET Q q 0 0 0 rg BT 535.96 409.30 Td (of ) Tj ET Q q 0 0 0 rg BT 548.56 409.30 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 108.89 396.10 Td (T) Tj ET Q q 0 0 0 rg BT 114.84 396.10 Td (erm, ) Tj ET Q q 0 0 0 rg BT 136.91 396.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 183.11 396.10 Td (agrees ) Tj ET Q q 0 0 0 rg BT 213.42 396.10 Td (not ) Tj ET Q q 0 0 0 rg BT 229.69 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.47 396.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 277.50 396.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 310.87 396.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.65 396.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.87 396.10 Td (any ) Tj ET Q q 0 0 0 rg BT 341.97 396.10 Td (other ) Tj ET Q q 0 0 0 rg BT 366.79 396.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 426.75 396.10 Td (occupation, ) Tj ET Q q 0 0 0 rg BT 479.98 396.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 528.03 396.10 Td (or ) Tj ET Q q 0 0 0 rg BT 539.41 396.10 Td (other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 382.90 Td (business ) Tj ET Q q 0 0 0 rg BT 90.08 382.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 125.88 382.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 162.28 382.90 Td (related ) Tj ET Q q 0 0 0 rg BT 195.00 382.90 Td (to ) Tj ET Q q 0 0 0 rg BT 206.36 382.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.61 382.90 Td (business ) Tj ET Q q 0 0 0 rg BT 262.69 382.90 Td (in ) Tj ET Q q 0 0 0 rg BT 274.05 382.90 Td (which ) Tj ET Q q 0 0 0 rg BT 303.74 382.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.98 382.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.56 382.90 Td (is ) Tj ET Q q 0 0 0 rg BT 375.70 382.90 Td (now ) Tj ET Q q 0 0 0 rg BT 397.45 382.90 Td (involved ) Tj ET Q q 0 0 0 rg BT 438.74 382.90 Td (or ) Tj ET Q q 0 0 0 rg BT 450.71 382.90 Td (becomes ) Tj ET Q q 0 0 0 rg BT 492.00 382.90 Td (involved ) Tj ET Q q 0 0 0 rg BT 533.30 382.90 Td (during ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 369.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.63 369.70 Td (Employment ) Tj ET Q q 0 0 0 rg BT 124.49 369.70 Td (T) Tj ET Q q 0 0 0 rg BT 130.44 369.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 149.74 369.70 Td (for ) Tj ET Q q 0 0 0 rg BT 164.76 369.70 Td (any ) Tj ET Q q 0 0 0 rg BT 182.83 369.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 210.06 369.70 Td (or ) Tj ET Q q 0 0 0 rg BT 221.42 369.70 Td (indirect ) Tj ET Q q 0 0 0 rg BT 257.21 369.70 Td (remuneration ) Tj ET Q q 0 0 0 rg BT 318.04 369.70 Td (without ) Tj ET Q q 0 0 0 rg BT 353.85 369.70 Td (the ) Tj ET Q q 0 0 0 rg BT 369.48 369.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 393.06 369.70 Td (approval ) Tj ET Q q 0 0 0 rg BT 433.73 369.70 Td (of ) Tj ET Q q 0 0 0 rg BT 445.09 369.70 Td (the ) Tj ET Q q 0 0 0 rg BT 460.72 369.70 Td (CEO ) Tj ET Q q 0 0 0 rg BT 484.91 369.70 Td (or ) Tj ET Q q 0 0 0 rg BT 496.27 369.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.90 369.70 Td (Company) Tj ET Q q 0 0 0 rg BT 557.73 369.70 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 356.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 79.38 356.50 Td (of ) Tj ET Q q 0 0 0 rg BT 91.05 356.50 Td (Directors ) Tj ET Q q 0 0 0 rg BT 134.48 356.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 154.08 356.50 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 158.96 356.50 Td (Board) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 188.30 356.50 Td (\), ) Tj ET Q q 0 0 0 rg BT 202.10 356.50 Td (and ) Tj ET Q q 0 0 0 rg BT 220.48 356.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 266.96 356.50 Td (will ) Tj ET Q q 0 0 0 rg BT 286.57 356.50 Td (not ) Tj ET Q q 0 0 0 rg BT 303.13 356.50 Td (engage ) Tj ET Q q 0 0 0 rg BT 336.78 356.50 Td (in ) Tj ET Q q 0 0 0 rg BT 347.84 356.50 Td (any ) Tj ET Q q 0 0 0 rg BT 366.22 356.50 Td (other ) Tj ET Q q 0 0 0 rg BT 391.32 356.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 433.53 356.50 Td (that ) Tj ET Q q 0 0 0 rg BT 452.53 356.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 488.63 356.50 Td (with ) Tj ET Q q 0 0 0 rg BT 510.69 356.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.72 356.50 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 343.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 101.64 343.30 Td (to ) Tj ET Q q 0 0 0 rg BT 112.94 343.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.13 343.30 Td (Company) Tj ET Q q 0 0 0 rg BT 171.19 343.30 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 316.55 Td (2. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 315.08369140625 m 215.7001953125 315.08369140625 l s q 0 0 0 rg BT 122.00 316.55 Td (At-W) Tj ET Q q 0 0 0 rg BT 146.60 316.55 Td (ill ) Tj ET Q q 0 0 0 rg BT 158.87 316.55 Td (Employment) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 215.70 316.55 Td (. ) Tj ET Q q 0 0 0 rg BT 221.55 316.55 Td (Subject ) Tj ET Q q 0 0 0 rg BT 257.65 316.55 Td (to ) Tj ET Q q 0 0 0 rg BT 269.30 316.55 Td (the ) Tj ET Q q 0 0 0 rg BT 285.84 316.55 Td (terms ) Tj ET Q q 0 0 0 rg BT 313.38 316.55 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 347.32 316.55 Td (Executive) Tj ET Q q 0 0 0 rg BT 394.36 316.55 Td (s ) Tj ET Q q 0 0 0 rg BT 401.74 316.55 Td (employment ) Tj ET Q q 0 0 0 rg BT 459.83 316.55 Td (with ) Tj ET Q q 0 0 0 rg BT 482.48 316.55 Td (the ) Tj ET Q q 0 0 0 rg BT 499.02 316.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 544.90 316.55 Td (will ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 303.35 Td (be ) Tj ET Q q 0 0 0 rg BT 62.74 303.35 Td (at-will ) Tj ET Q q 0 0 0 rg BT 103.57 303.35 Td (employment ) Tj ET Q q 0 0 0 rg BT 160.91 303.35 Td (and ) Tj ET Q q 0 0 0 rg BT 179.15 303.35 Td (may ) Tj ET Q q 0 0 0 rg BT 200.44 303.35 Td (be ) Tj ET Q q 0 0 0 rg BT 213.18 303.35 Td (terminated ) Tj ET Q q 0 0 0 rg BT 262.57 303.35 Td (by ) Tj ET Q q 0 0 0 rg BT 275.92 303.35 Td (the ) Tj ET Q q 0 0 0 rg BT 291.71 303.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.84 303.35 Td (at ) Tj ET Q q 0 0 0 rg BT 347.13 303.35 Td (any ) Tj ET Q q 0 0 0 rg BT 365.37 303.35 Td (time ) Tj ET Q q 0 0 0 rg BT 387.28 303.35 Td (with ) Tj ET Q q 0 0 0 rg BT 409.19 303.35 Td (or ) Tj ET Q q 0 0 0 rg BT 420.70 303.35 Td (without ) Tj ET Q q 0 0 0 rg BT 456.67 303.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 483.45 303.35 Td (or ) Tj ET Q q 0 0 0 rg BT 494.97 303.35 Td (with ) Tj ET Q q 0 0 0 rg BT 516.88 303.35 Td (or ) Tj ET Q q 0 0 0 rg BT 528.40 303.35 Td (without ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 290.15 Td (notice. ) Tj ET Q q 0 0 0 rg BT 81.90 290.15 Td (However) Tj ET Q q 0 0 0 rg BT 121.77 290.15 Td (, ) Tj ET Q q 0 0 0 rg BT 126.79 290.15 Td (as ) Tj ET Q q 0 0 0 rg BT 138.23 290.15 Td (described ) Tj ET Q q 0 0 0 rg BT 182.64 290.15 Td (in ) Tj ET Q q 0 0 0 rg BT 193.47 290.15 Td (this ) Tj ET Q q 0 0 0 rg BT 211.13 290.15 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 265.02 290.15 Td (Executive ) Tj ET Q q 0 0 0 rg BT 311.27 290.15 Td (may ) Tj ET Q q 0 0 0 rg BT 332.48 290.15 Td ( ) Tj ET Q q 0 0 0 rg BT 334.75 290.15 Td (be ) Tj ET Q q 0 0 0 rg BT 347.40 290.15 Td (entitled ) Tj ET Q q 0 0 0 rg BT 382.66 290.15 Td (to ) Tj ET Q q 0 0 0 rg BT 393.49 290.15 Td (severance ) Tj ET Q q 0 0 0 rg BT 439.11 290.15 Td (benefits ) Tj ET Q q 0 0 0 rg BT 476.21 290.15 Td (depending ) Tj ET Q q 0 0 0 rg BT 524.30 290.15 Td (upon ) Tj ET Q q 0 0 0 rg BT 548.57 290.15 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 276.95 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 115.05 276.95 Td (of ) Tj ET Q q 0 0 0 rg BT 126.97 276.95 Td (Executive) Tj ET Q q 0 0 0 rg BT 174.00 276.95 Td (s ) Tj ET Q q 0 0 0 rg BT 181.03 276.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 234.49 276.95 Td (of ) Tj ET Q q 0 0 0 rg BT 246.40 276.95 Td (employment.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 250.00 Td (3. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 248.53369140625 m 185.55078125 248.53369140625 l s q 0 0 0 rg BT 122.00 250.00 Td (Compensation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 185.55 250.00 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 223.10 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 221.63369140625002 m 209.66552734375 221.63369140625002 l s q 0 0 0 rg BT 158.00 223.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 181.92 223.10 Td (Salary) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.31 223.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.60 223.10 Td (During ) Tj ET Q q 0 0 0 rg BT 248.30 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.28 223.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 323.46 223.10 Td (T) Tj ET Q q 0 0 0 rg BT 329.41 223.10 Td (erm, ) Tj ET Q q 0 0 0 rg BT 351.80 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.78 223.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 413.09 223.10 Td (will ) Tj ET Q q 0 0 0 rg BT 432.74 223.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 451.17 223.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 497.68 223.10 Td (an ) Tj ET Q q 0 0 0 rg BT 510.60 223.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 542.46 223.10 Td (base ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 209.90 Td (salary ) Tj ET Q q 0 0 0 rg BT 78.72 209.90 Td (of ) Tj ET Q q 0 0 0 rg BT 90.34 209.90 Td ($400,000 ) Tj ET Q q 0 0 0 rg BT 134.05 209.90 Td (as ) Tj ET Q q 0 0 0 rg BT 145.67 209.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 209.22 209.90 Td (for ) Tj ET Q q 0 0 0 rg BT 224.50 209.90 Td (his ) Tj ET Q q 0 0 0 rg BT 239.79 209.90 Td (services ) Tj ET Q q 0 0 0 rg BT 277.68 209.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 297.23 209.90 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 302.12 209.90 Td (Base ) Tj ET Q q 0 0 0 rg BT 326.57 209.90 Td (Salary) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 357.13 209.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 370.70 209.90 Td (The ) Tj ET Q q 0 0 0 rg BT 390.26 209.90 Td (Base ) Tj ET Q q 0 0 0 rg BT 414.10 209.90 Td (Salary ) Tj ET Q q 0 0 0 rg BT 444.66 209.90 Td (will ) Tj ET Q q 0 0 0 rg BT 464.22 209.90 Td (be ) Tj ET Q q 0 0 0 rg BT 477.06 209.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 498.46 209.90 Td (periodically ) Tj ET Q q 0 0 0 rg BT 553.45 209.90 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 101.38 196.70 Td (with ) Tj ET Q q 0 0 0 rg BT 122.85 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 138.21 196.70 Td (Company) Tj ET Q q 0 0 0 rg BT 184.04 196.70 Td (s ) Tj ET Q q 0 0 0 rg BT 190.24 196.70 Td (normal ) Tj ET Q q 0 0 0 rg BT 223.32 196.70 Td (payroll ) Tj ET Q q 0 0 0 rg BT 256.39 196.70 Td (practices ) Tj ET Q q 0 0 0 rg BT 297.40 196.70 Td (and ) Tj ET Q q 0 0 0 rg BT 315.20 196.70 Td (be ) Tj ET Q q 0 0 0 rg BT 327.50 196.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 360.58 196.70 Td (to ) Tj ET Q q 0 0 0 rg BT 371.05 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 386.41 196.70 Td (usual, ) Tj ET Q q 0 0 0 rg BT 414.30 196.70 Td (required ) Tj ET Q q 0 0 0 rg BT 452.86 196.70 Td (withholding. ) Tj ET Q q 0 0 0 rg BT 510.70 196.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.74 196.70 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 183.50 Td (Base ) Tj ET Q q 0 0 0 rg BT 74.22 183.50 Td (Salary ) Tj ET Q q 0 0 0 rg BT 105.17 183.50 Td (will ) Tj ET Q q 0 0 0 rg BT 125.12 183.50 Td (be ) Tj ET Q q 0 0 0 rg BT 138.34 183.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 172.34 183.50 Td (to ) Tj ET Q q 0 0 0 rg BT 183.74 183.50 Td (review ) Tj ET Q q 0 0 0 rg BT 216.51 183.50 Td (and ) Tj ET Q q 0 0 0 rg BT 235.23 183.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 290.63 183.50 Td (will ) Tj ET Q q 0 0 0 rg BT 310.58 183.50 Td (be ) Tj ET Q q 0 0 0 rg BT 323.80 183.50 Td (made ) Tj ET Q q 0 0 0 rg BT 350.46 183.50 Td (based ) Tj ET Q q 0 0 0 rg BT 378.35 183.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 403.19 183.50 Td (the ) Tj ET Q q 0 0 0 rg BT 419.47 183.50 Td (Company) Tj ET Q q 0 0 0 rg BT 465.30 183.50 Td (s ) Tj ET Q q 0 0 0 rg BT 472.43 183.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 506.42 183.50 Td (performance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 170.30 Td (review ) Tj ET Q q 0 0 0 rg BT 82.68 170.30 Td (practices.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 143.40 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 141.93369140624998 m 186.11767578125 141.93369140624998 l s q 0 0 0 rg BT 158.00 143.40 Td (Bonus) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.12 143.40 Td (. ) Tj ET Q q 0 0 0 rg BT 191.84 143.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 238.78 143.40 Td (will ) Tj ET Q q 0 0 0 rg BT 258.86 143.40 Td (be ) Tj ET Q q 0 0 0 rg BT 272.21 143.40 Td (eligible ) Tj ET Q q 0 0 0 rg BT 308.17 143.40 Td (to ) Tj ET Q q 0 0 0 rg BT 319.69 143.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 354.41 143.40 Td (a ) Tj ET Q q 0 0 0 rg BT 362.26 143.40 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 422.65 143.40 Td (bonus ) Tj ET Q q 0 0 0 rg BT 451.90 143.40 Td (tar) Tj ET Q q 0 0 0 rg BT 463.30 143.40 Td (geted ) Tj ET Q q 0 0 0 rg BT 490.09 143.40 Td (annually ) Tj ET Q q 0 0 0 rg BT 530.93 143.40 Td (at ) Tj ET Q q 0 0 0 rg BT 541.84 143.40 Td (50% ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 130.20 Td (of ) Tj ET Q q 0 0 0 rg BT 62.42 130.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 109.46 130.20 Td (s ) Tj ET Q q 0 0 0 rg BT 117.00 130.20 Td (then-current ) Tj ET Q q 0 0 0 rg BT 174.01 130.20 Td (Base ) Tj ET Q q 0 0 0 rg BT 198.66 130.20 Td (Salary ) Tj ET Q q 0 0 0 rg BT 230.02 130.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 250.38 130.20 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 255.27 130.20 Td (Bonus) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.62 130.20 Td (\). ) Tj ET Q q 0 0 0 rg BT 298.46 130.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 320.66 130.20 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 352.04 130.20 Td (may ) Tj ET Q q 0 0 0 rg BT 374.24 130.20 Td (be ) Tj ET Q q 0 0 0 rg BT 387.88 130.20 Td (based ) Tj ET Q q 0 0 0 rg BT 416.19 130.20 Td (on ) Tj ET Q q 0 0 0 rg BT 430.45 130.20 Td (a ) Tj ET Q q 0 0 0 rg BT 438.60 130.20 Td (variety ) Tj ET Q q 0 0 0 rg BT 472.40 130.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.82 130.20 Td (metrics ) Tj ET Q q 0 0 0 rg BT 520.46 130.20 Td (including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 117.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 97.03 117.00 Td (s ) Tj ET Q q 0 0 0 rg BT 103.48 117.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 161.22 117.00 Td (and ) Tj ET Q q 0 0 0 rg BT 179.26 117.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.86 117.00 Td (Company) Tj ET Q q 0 0 0 rg BT 240.69 117.00 Td (s ) Tj ET Q q 0 0 0 rg BT 247.14 117.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 307.63 117.00 Td (and ) Tj ET Q q 0 0 0 rg BT 325.67 117.00 Td (will ) Tj ET Q q 0 0 0 rg BT 344.95 117.00 Td (be ) Tj ET Q q 0 0 0 rg BT 357.49 117.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 378.59 117.00 Td (in ) Tj ET Q q 0 0 0 rg BT 389.31 117.00 Td (the ) Tj ET Q q 0 0 0 rg BT 404.92 117.00 Td (Company) Tj ET Q q 0 0 0 rg BT 450.75 117.00 Td (s ) Tj ET Q q 0 0 0 rg BT 457.19 117.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 477.07 117.00 Td (discretion. ) Tj ET Q q 0 0 0 rg BT 525.36 117.00 Td (Because ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 103.80 Td (a ) Tj ET Q q 0 0 0 rg BT 57.52 103.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 94.97 103.80 Td (objective ) Tj ET Q q 0 0 0 rg BT 137.92 103.80 Td (of ) Tj ET Q q 0 0 0 rg BT 149.71 103.80 Td (the ) Tj ET Q q 0 0 0 rg BT 165.79 103.80 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 225.84 103.80 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 256.59 103.80 Td (is ) Tj ET Q q 0 0 0 rg BT 266.56 103.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 311.96 103.80 Td (retention, ) Tj ET Q q 0 0 0 rg BT 356.44 103.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 403.05 103.80 Td (will ) Tj ET Q q 0 0 0 rg BT 422.79 103.80 Td (only ) Tj ET Q q 0 0 0 rg BT 444.98 103.80 Td (be ) Tj ET Q q 0 0 0 rg BT 458.00 103.80 Td (eligible ) Tj ET Q q 0 0 0 rg BT 493.62 103.80 Td (to ) Tj ET Q q 0 0 0 rg BT 504.81 103.80 Td (earn ) Tj ET Q q 0 0 0 rg BT 526.37 103.80 Td (a ) Tj ET Q q 0 0 0 rg BT 533.89 103.80 Td (Bonus ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 90.60 Td (if ) Tj ET Q q 0 0 0 rg BT 59.03 90.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 105.32 90.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 142.45 90.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 188.13 90.60 Td (by ) Tj ET Q q 0 0 0 rg BT 201.44 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.19 90.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 262.28 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 273.14 90.60 Td (good ) Tj ET Q q 0 0 0 rg BT 297.45 90.60 Td (standing ) Tj ET Q q 0 0 0 rg BT 337.04 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 350.35 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.09 90.60 Td (date ) Tj ET Q q 0 0 0 rg BT 386.72 90.60 Td (that ) Tj ET Q q 0 0 0 rg BT 405.53 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.28 90.60 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 451.70 90.60 Td (is ) Tj ET Q q 0 0 0 rg BT 461.35 90.60 Td (paid. ) Tj ET Q q 0 0 0 rg BT 485.18 90.60 Td (The ) Tj ET Q q 0 0 0 rg BT 504.59 90.60 Td (discretionary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 77.40 Td (Bonus, ) Tj ET Q q 0 0 0 rg BT 83.29 77.40 Td (if ) Tj ET Q q 0 0 0 rg BT 92.44 77.40 Td (awarded, ) Tj ET Q q 0 0 0 rg BT 134.87 77.40 Td (is ) Tj ET Q q 0 0 0 rg BT 144.63 77.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 187.98 77.40 Td (paid, ) Tj ET Q q 0 0 0 rg BT 212.10 77.40 Td (less ) Tj ET Q q 0 0 0 rg BT 231.02 77.40 Td (the ) Tj ET Q q 0 0 0 rg BT 246.89 77.40 Td (usual, ) Tj ET Q q 0 0 0 rg BT 275.28 77.40 Td (required ) Tj ET Q q 0 0 0 rg BT 314.36 77.40 Td (withholding, ) Tj ET Q q 0 0 0 rg BT 372.70 77.40 Td (in ) Tj ET Q q 0 0 0 rg BT 383.68 77.40 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 425.81 77.40 Td (installments ) Tj ET Q q 0 0 0 rg BT 481.40 77.40 Td (and ) Tj ET Q q 0 0 0 rg BT 499.71 77.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 543.06 77.40 Td (paid ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 64.20 Td (to ) Tj ET Q q 0 0 0 rg BT 61.09 64.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 110.67 64.20 Td (during ) Tj ET Q q 0 0 0 rg BT 141.93 64.20 Td (the ) Tj ET Q q 0 0 0 rg BT 157.91 64.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 191.59 64.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 249.11 64.20 Td (following ) Tj ET Q q 0 0 0 rg BT 294.43 64.20 Td (the ) Tj ET Q q 0 0 0 rg BT 310.40 64.20 Td (end ) Tj ET Q q 0 0 0 rg BT 328.82 64.20 Td (of ) Tj ET Q q 0 0 0 rg BT 340.52 64.20 Td (the ) Tj ET Q q 0 0 0 rg BT 356.50 64.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 414.61 64.20 Td (period ) Tj ET Q q 0 0 0 rg BT 445.25 64.20 Td (to ) Tj ET Q q 0 0 0 rg BT 456.35 64.20 Td (which ) Tj ET Q q 0 0 0 rg BT 485.77 64.20 Td (the ) Tj ET Q q 0 0 0 rg BT 501.75 64.20 Td (bonus ) Tj ET Q q 0 0 0 rg BT 530.56 64.20 Td (relates, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td (and ) Tj ET Q q 0 0 0 rg BT 68.57 51.00 Td (in ) Tj ET Q q 0 0 0 rg BT 79.82 51.00 Td (all ) Tj ET Q q 0 0 0 rg BT 93.51 51.00 Td (cases, ) Tj ET Q q 0 0 0 rg BT 122.16 51.00 Td (not ) Tj ET Q q 0 0 0 rg BT 138.90 51.00 Td (later ) Tj ET Q q 0 0 0 rg BT 161.13 51.00 Td (than ) Tj ET Q q 0 0 0 rg BT 182.76 51.00 Td (March ) Tj ET Q q 0 0 0 rg BT 214.16 51.00 Td (15th ) Tj ET Q q 0 0 0 rg BT 236.41 51.00 Td (of ) Tj ET Q q 0 0 0 rg BT 248.26 51.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.39 51.00 Td (year ) Tj ET Q q 0 0 0 rg BT 286.01 51.00 Td (after ) Tj ET Q q 0 0 0 rg BT 308.85 51.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.98 51.00 Td (year ) Tj ET Q q 0 0 0 rg BT 346.60 51.00 Td (to ) Tj ET Q q 0 0 0 rg BT 357.84 51.00 Td (which ) Tj ET Q q 0 0 0 rg BT 387.42 51.00 Td (the ) Tj ET Q q 0 0 0 rg BT 403.55 51.00 Td (bonus ) Tj ET Q q 0 0 0 rg BT 432.52 51.00 Td (relates. ) Tj ET Q q 0 0 0 rg BT 466.07 51.00 Td (All ) Tj ET Q q 0 0 0 rg BT 482.82 51.00 Td (or ) Tj ET Q q 0 0 0 rg BT 494.67 51.00 Td (a ) Tj ET Q q 0 0 0 rg BT 502.24 51.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 536.71 51.00 Td (of ) Tj ET Q q 0 0 0 rg BT 548.56 51.00 Td (the ) Tj ET Q endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 80.04 741.40 Td (may) Tj ET Q q 0 0 0 rg BT 98.27 741.40 Td (, ) Tj ET Q q 0 0 0 rg BT 102.95 741.40 Td ( ) Tj ET Q q 0 0 0 rg BT 104.87 741.40 Td (at ) Tj ET Q q 0 0 0 rg BT 114.74 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 130.10 741.40 Td (discretion ) Tj ET Q q 0 0 0 rg BT 175.41 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 186.50 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.86 741.40 Td ( ) Tj ET Q q 0 0 0 rg BT 203.79 741.40 Td (Company) Tj ET Q q 0 0 0 rg BT 245.85 741.40 Td (, ) Tj ET Q q 0 0 0 rg BT 250.53 741.40 Td (instead ) Tj ET Q q 0 0 0 rg BT 283.61 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 294.70 741.40 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 336.33 741.40 Td (installments ) Tj ET Q q 0 0 0 rg BT 391.42 741.40 Td (be ) Tj ET Q q 0 0 0 rg BT 403.73 741.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.59 741.40 Td (in ) Tj ET Q q 0 0 0 rg BT 435.08 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 450.44 741.40 Td (form ) Tj ET Q q 0 0 0 rg BT 473.75 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 484.84 741.40 Td (spot ) Tj ET Q q 0 0 0 rg BT 514.87 741.40 Td (or ) Tj ET Q q 0 0 0 rg BT 525.96 741.40 Td (periodic ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 88.63 728.20 Td (that ) Tj ET Q q 0 0 0 rg BT 108.30 728.20 Td (may ) Tj ET Q q 0 0 0 rg BT 130.42 728.20 Td (be ) Tj ET Q q 0 0 0 rg BT 143.98 728.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 166.10 728.20 Td (throughout ) Tj ET Q q 0 0 0 rg BT 217.56 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 234.18 728.20 Td (year ) Tj ET Q q 0 0 0 rg BT 256.29 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 268.63 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 280.37 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 303.71 728.20 Td (other ) Tj ET Q q 0 0 0 rg BT 329.50 728.20 Td (form ) Tj ET Q q 0 0 0 rg BT 354.06 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 366.40 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 383.02 728.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.98 728.20 Td (determines. ) Tj ET Q q 0 0 0 rg BT 482.47 728.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 504.59 728.20 Td (discretionary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 81.28 715.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 128.42 715.00 Td (receives ) Tj ET Q q 0 0 0 rg BT 167.61 715.00 Td (for ) Tj ET Q q 0 0 0 rg BT 183.60 715.00 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 200.21 715.00 Td (of ) Tj ET Q q 0 0 0 rg BT 212.53 715.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 237.69 715.00 Td (will ) Tj ET Q q 0 0 0 rg BT 257.97 715.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 289.22 715.00 Td (a ) Tj ET Q q 0 0 0 rg BT 297.26 715.00 Td (pro-ration ) Tj ET Q q 0 0 0 rg BT 344.41 715.00 Td (based ) Tj ET Q q 0 0 0 rg BT 372.61 715.00 Td (on ) Tj ET Q q 0 0 0 rg BT 386.78 715.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 433.81 715.00 Td (s ) Tj ET Q q 0 0 0 rg BT 441.25 715.00 Td (Start ) Tj ET Q q 0 0 0 rg BT 465.19 715.00 Td (Date. ) Tj ET Q q 0 0 0 rg BT 491.64 715.00 Td (The ) Tj ET Q q 0 0 0 rg BT 511.90 715.00 Td (Company) Tj ET Q q 0 0 0 rg BT 557.73 715.00 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (bonus ) Tj ET Q q 0 0 0 rg BT 79.38 701.80 Td (program ) Tj ET Q q 0 0 0 rg BT 119.74 701.80 Td (is ) Tj ET Q q 0 0 0 rg BT 130.18 701.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 164.43 701.80 Td (to ) Tj ET Q q 0 0 0 rg BT 176.08 701.80 Td (change ) Tj ET Q q 0 0 0 rg BT 210.33 701.80 Td (at ) Tj ET Q q 0 0 0 rg BT 221.37 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 237.90 701.80 Td (Company) Tj ET Q q 0 0 0 rg BT 283.73 701.80 Td (s ) Tj ET Q q 0 0 0 rg BT 291.11 701.80 Td (discretion. ) Tj ET Q q 0 0 0 rg BT 340.34 701.80 Td (In ) Tj ET Q q 0 0 0 rg BT 352.60 701.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 394.50 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 411.03 701.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 456.90 701.80 Td (may) Tj ET Q q 0 0 0 rg BT 475.13 701.80 Td (, ) Tj ET Q q 0 0 0 rg BT 480.98 701.80 Td (in ) Tj ET Q q 0 0 0 rg BT 492.63 701.80 Td (their ) Tj ET Q q 0 0 0 rg BT 515.89 701.80 Td (discretion, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (grant ) Tj ET Q q 0 0 0 rg BT 75.35 688.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 122.09 688.60 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 182.26 688.60 Td (bonus ) Tj ET Q q 0 0 0 rg BT 211.29 688.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 251.32 688.60 Td (to ) Tj ET Q q 0 0 0 rg BT 262.63 688.60 Td (Executive.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 661.80 Td (\(c\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 660.33369140625 m 186.97412109375 660.33369140625 l s q 0 0 0 rg BT 158.00 661.80 Td (Equity) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.62 661.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 634.90 Td (\(i\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 194 633.43369140625 m 279.20947265625 633.43369140625 l s q 0 0 0 rg BT 194.00 634.90 Td (Initial ) Tj ET Q q 0 0 0 rg BT 221.93 634.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 248.65 634.90 Td (Option) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 279.21 634.90 Td (. ) Tj ET Q q 0 0 0 rg BT 283.26 634.90 Td (At ) Tj ET Q q 0 0 0 rg BT 295.92 634.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.02 634.90 Td (first ) Tj ET Q q 0 0 0 rg BT 330.40 634.90 Td (meeting ) Tj ET Q q 0 0 0 rg BT 367.50 634.90 Td (of ) Tj ET Q q 0 0 0 rg BT 378.33 634.90 Td (the ) Tj ET Q q 0 0 0 rg BT 393.43 634.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 458.64 634.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 509.19 634.90 Td (of ) Tj ET Q q 0 0 0 rg BT 520.02 634.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.12 634.90 Td (Board ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 621.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 69.40 621.70 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.28 621.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 144.42 621.70 Td (Committee) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 196.33 621.70 Td (\) ) Tj ET Q q 0 0 0 rg BT 207.17 621.70 Td (following ) Tj ET Q q 0 0 0 rg BT 252.24 621.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.98 621.70 Td (Start ) Tj ET Q q 0 0 0 rg BT 291.05 621.70 Td (Date, ) Tj ET Q q 0 0 0 rg BT 316.86 621.70 Td (the ) Tj ET Q q 0 0 0 rg BT 332.59 621.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 377.66 621.70 Td (will ) Tj ET Q q 0 0 0 rg BT 397.07 621.70 Td (recommend ) Tj ET Q q 0 0 0 rg BT 451.29 621.70 Td (that ) Tj ET Q q 0 0 0 rg BT 470.07 621.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 516.35 621.70 Td (be ) Tj ET Q q 0 0 0 rg BT 529.03 621.70 Td (granted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 608.50 Td (a ) Tj ET Q q 0 0 0 rg BT 57.54 608.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 83.41 608.50 Td (option ) Tj ET Q q 0 0 0 rg BT 114.17 608.50 Td (to ) Tj ET Q q 0 0 0 rg BT 125.38 608.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 167.13 608.50 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 205.53 608.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.67 608.50 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 608.50 Td (the ) Tj ET Q q 0 0 0 rg BT 263.58 608.50 Td (Company) Tj ET Q q 0 0 0 rg BT 309.41 608.50 Td (s ) Tj ET Q q 0 0 0 rg BT 316.35 608.50 Td (common ) Tj ET Q q 0 0 0 rg BT 357.50 608.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 383.37 608.50 Td (with ) Tj ET Q q 0 0 0 rg BT 405.58 608.50 Td (an ) Tj ET Q q 0 0 0 rg BT 418.61 608.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 457.30 608.50 Td (price ) Tj ET Q q 0 0 0 rg BT 481.93 608.50 Td (no ) Tj ET Q q 0 0 0 rg BT 495.59 608.50 Td (less ) Tj ET Q q 0 0 0 rg BT 514.74 608.50 Td (than ) Tj ET Q q 0 0 0 rg BT 536.33 608.50 Td (100% ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 61.54 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 77.36 595.30 Td (per ) Tj ET Q q 0 0 0 rg BT 93.79 595.30 Td (share ) Tj ET Q q 0 0 0 rg BT 119.37 595.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 137.02 595.30 Td (market ) Tj ET Q q 0 0 0 rg BT 169.94 595.30 Td (value ) Tj ET Q q 0 0 0 rg BT 196.14 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 207.68 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 223.50 595.30 Td (Company) Tj ET Q q 0 0 0 rg BT 269.33 595.30 Td (s ) Tj ET Q q 0 0 0 rg BT 275.99 595.30 Td (common ) Tj ET Q q 0 0 0 rg BT 316.86 595.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 342.46 595.30 Td (on ) Tj ET Q q 0 0 0 rg BT 355.84 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.66 595.30 Td (date ) Tj ET Q q 0 0 0 rg BT 392.36 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 403.90 595.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 428.88 595.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 448.36 595.30 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 453.25 595.30 Td (Option) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 486.26 595.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 499.76 595.30 Td (The ) Tj ET Q q 0 0 0 rg BT 519.24 595.30 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (will ) Tj ET Q q 0 0 0 rg BT 69.59 582.10 Td (recommend ) Tj ET Q q 0 0 0 rg BT 124.00 582.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 145.72 582.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.36 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.40 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.32 582.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 258.25 582.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 292.51 582.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 340.83 582.10 Td (set ) Tj ET Q q 0 0 0 rg BT 355.53 582.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 379.39 582.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 412.11 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.03 582.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.00 582.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 491.64 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.68 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.60 582.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 551.63 582.10 Td (be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 568.90 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 95.58 568.90 Td (to ) Tj ET Q q 0 0 0 rg BT 105.73 568.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 125.04 568.90 Td (in ) Tj ET Q q 0 0 0 rg BT 135.20 568.90 Td (forty-eight ) Tj ET Q q 0 0 0 rg BT 183.83 568.90 Td (\(48\) ) Tj ET Q q 0 0 0 rg BT 203.75 568.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 268.88 568.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 294.30 568.90 Td (monthly ) Tj ET Q q 0 0 0 rg BT 332.56 568.90 Td (installments, ) Tj ET Q q 0 0 0 rg BT 390.07 568.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 422.82 568.90 Td (to ) Tj ET Q q 0 0 0 rg BT 432.98 568.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 480.01 568.90 Td (s ) Tj ET Q q 0 0 0 rg BT 485.89 568.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 530.86 568.90 Td (service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 555.70 Td (with ) Tj ET Q q 0 0 0 rg BT 72.49 555.70 Td (the ) Tj ET Q q 0 0 0 rg BT 88.86 555.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.56 555.70 Td (through ) Tj ET Q q 0 0 0 rg BT 171.71 555.70 Td (each ) Tj ET Q q 0 0 0 rg BT 194.79 555.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 229.50 555.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 253.50 555.70 Td (with ) Tj ET Q q 0 0 0 rg BT 275.99 555.70 Td (the ) Tj ET Q q 0 0 0 rg BT 292.36 555.70 Td (first ) Tj ET Q q 0 0 0 rg BT 313.01 555.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 347.71 555.70 Td (date ) Tj ET Q q 0 0 0 rg BT 368.97 555.70 Td (occurring ) Tj ET Q q 0 0 0 rg BT 414.04 555.70 Td (on ) Tj ET Q q 0 0 0 rg BT 427.98 555.70 Td (the ) Tj ET Q q 0 0 0 rg BT 444.35 555.70 Td (one ) Tj ET Q q 0 0 0 rg BT 463.16 555.70 Td (\(1\)-month ) Tj ET Q q 0 0 0 rg BT 510.69 555.70 Td (anniversary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 542.50 Td (of ) Tj ET Q q 0 0 0 rg BT 62.92 542.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 109.96 542.50 Td (s ) Tj ET Q q 0 0 0 rg BT 118.00 542.50 Td (ninety-first ) Tj ET Q q 0 0 0 rg BT 170.63 542.50 Td (\(91st\) ) Tj ET Q q 0 0 0 rg BT 200.06 542.50 Td (day ) Tj ET Q q 0 0 0 rg BT 219.70 542.50 Td (of ) Tj ET Q q 0 0 0 rg BT 232.62 542.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 291.37 542.50 Td (with ) Tj ET Q q 0 0 0 rg BT 314.69 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 331.89 542.50 Td (Company) Tj ET Q q 0 0 0 rg BT 373.95 542.50 Td (. ) Tj ET Q q 0 0 0 rg BT 380.19 542.50 Td (The ) Tj ET Q q 0 0 0 rg BT 401.05 542.50 Td (Option ) Tj ET Q q 0 0 0 rg BT 435.36 542.50 Td (will ) Tj ET Q q 0 0 0 rg BT 456.23 542.50 Td (be ) Tj ET Q q 0 0 0 rg BT 470.38 542.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 505.29 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 517.61 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 534.81 542.50 Td (terms, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 529.30 Td (definitions ) Tj ET Q q 0 0 0 rg BT 99.24 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 117.32 529.30 Td (provisions ) Tj ET Q q 0 0 0 rg BT 165.35 529.30 Td (of ) Tj ET Q q 0 0 0 rg BT 176.70 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 192.34 529.30 Td (Company) Tj ET Q q 0 0 0 rg BT 238.17 529.30 Td (s ) Tj ET Q q 0 0 0 rg BT 244.64 529.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 268.83 529.30 Td (Equity ) Tj ET Q q 0 0 0 rg BT 300.36 529.30 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 343.47 529.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 365.22 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 383.30 529.30 Td (a ) Tj ET Q q 0 0 0 rg BT 390.37 529.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 415.79 529.30 Td (option ) Tj ET Q q 0 0 0 rg BT 446.09 529.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 494.09 529.30 Td (by ) Tj ET Q q 0 0 0 rg BT 507.28 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 525.36 529.30 Td (between ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 95.96 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.83 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.26 516.10 Td (Company) Tj ET Q q 0 0 0 rg BT 171.32 516.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.05 516.10 Td (which ) Tj ET Q q 0 0 0 rg BT 204.92 516.10 Td (will ) Tj ET Q q 0 0 0 rg BT 224.02 516.10 Td (control ) Tj ET Q q 0 0 0 rg BT 257.16 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.59 516.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 305.13 516.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 332.47 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.34 516.10 Td (both ) Tj ET Q q 0 0 0 rg BT 371.88 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.03 516.10 Td (which ) Tj ET Q q 0 0 0 rg BT 411.89 516.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 461.54 516.10 Td (are ) Tj ET Q q 0 0 0 rg BT 476.95 516.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 534.52 516.10 Td (herein ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 502.90 Td (by ) Tj ET Q q 0 0 0 rg BT 63.75 502.90 Td (reference.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 476.10 Td (\(ii\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 194 474.63369140625 m 274.23974609375 474.63369140625 l s q 0 0 0 rg BT 194.00 476.10 Td (Initial ) Tj ET Q q 0 0 0 rg BT 222.32 476.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 245.32 476.10 Td (A) Tj ET Q q 0 0 0 rg BT 252.25 476.10 Td (ward) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.24 476.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.59 476.10 Td (At ) Tj ET Q q 0 0 0 rg BT 291.64 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.13 476.10 Td (first ) Tj ET Q q 0 0 0 rg BT 326.90 476.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 392.50 476.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 443.43 476.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 480.91 476.10 Td (following ) Tj ET Q q 0 0 0 rg BT 525.74 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.23 476.10 Td (Start ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 462.90 Td (Date, ) Tj ET Q q 0 0 0 rg BT 77.63 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 95.19 462.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.08 462.90 Td (will ) Tj ET Q q 0 0 0 rg BT 163.31 462.90 Td (recommend ) Tj ET Q q 0 0 0 rg BT 219.35 462.90 Td (that ) Tj ET Q q 0 0 0 rg BT 239.96 462.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 288.06 462.90 Td (be ) Tj ET Q q 0 0 0 rg BT 302.56 462.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.66 462.90 Td (100,000 ) Tj ET Q q 0 0 0 rg BT 379.52 462.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 424.56 462.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 451.90 462.90 Td (units ) Tj ET Q q 0 0 0 rg BT 477.41 462.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 498.63 462.90 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 503.51 462.90 Td (RSUs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.80 462.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 544.91 462.90 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 449.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.73 449.70 Td (will ) Tj ET Q q 0 0 0 rg BT 115.80 449.70 Td (recommend ) Tj ET Q q 0 0 0 rg BT 170.68 449.70 Td (that ) Tj ET Q q 0 0 0 rg BT 190.13 449.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.52 449.70 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 235.16 449.70 Td (have ) Tj ET Q q 0 0 0 rg BT 258.88 449.70 Td (a ) Tj ET Q q 0 0 0 rg BT 266.71 449.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 301.44 449.70 Td (commencement ) Tj ET Q q 0 0 0 rg BT 374.04 449.70 Td (date ) Tj ET Q q 0 0 0 rg BT 395.31 449.70 Td (of ) Tj ET Q q 0 0 0 rg BT 407.43 449.70 Td (the ) Tj ET Q q 0 0 0 rg BT 423.83 449.70 Td (fifteenth ) Tj ET Q q 0 0 0 rg BT 464.04 449.70 Td (\(15th\) ) Tj ET Q q 0 0 0 rg BT 493.88 449.70 Td (day ) Tj ET Q q 0 0 0 rg BT 512.72 449.70 Td (of ) Tj ET Q q 0 0 0 rg BT 524.83 449.70 Td (the ) Tj ET Q q 0 0 0 rg BT 541.23 449.70 Td (third ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 436.50 Td (\(3rd\) ) Tj ET Q q 0 0 0 rg BT 75.28 436.50 Td (month ) Tj ET Q q 0 0 0 rg BT 106.69 436.50 Td (after ) Tj ET Q q 0 0 0 rg BT 130.13 436.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.86 436.50 Td (Start ) Tj ET Q q 0 0 0 rg BT 170.92 436.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 194.98 436.50 Td (and ) Tj ET Q q 0 0 0 rg BT 214.16 436.50 Td (will ) Tj ET Q q 0 0 0 rg BT 234.56 436.50 Td (vest ) Tj ET Q q 0 0 0 rg BT 255.57 436.50 Td (in ) Tj ET Q q 0 0 0 rg BT 267.42 436.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 334.25 436.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 361.36 436.50 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 404.36 436.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 444.93 436.50 Td (over ) Tj ET Q q 0 0 0 rg BT 467.76 436.50 Td (sixteen ) Tj ET Q q 0 0 0 rg BT 502.21 436.50 Td (\(16\) ) Tj ET Q q 0 0 0 rg BT 523.83 436.50 Td (quarters, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 423.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 85.07 423.30 Td (to ) Tj ET Q q 0 0 0 rg BT 97.55 423.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 144.58 423.30 Td (s ) Tj ET Q q 0 0 0 rg BT 152.78 423.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 200.07 423.30 Td (service ) Tj ET Q q 0 0 0 rg BT 235.14 423.30 Td (with ) Tj ET Q q 0 0 0 rg BT 258.61 423.30 Td (the ) Tj ET Q q 0 0 0 rg BT 275.97 423.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.66 423.30 Td (through ) Tj ET Q q 0 0 0 rg BT 360.80 423.30 Td (each ) Tj ET Q q 0 0 0 rg BT 384.86 423.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 420.55 423.30 Td (date, ) Tj ET Q q 0 0 0 rg BT 445.54 423.30 Td (with ) Tj ET Q q 0 0 0 rg BT 469.01 423.30 Td (the ) Tj ET Q q 0 0 0 rg BT 486.37 423.30 Td (first ) Tj ET Q q 0 0 0 rg BT 508.00 423.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 543.70 423.30 Td (date ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (occurring ) Tj ET Q q 0 0 0 rg BT 95.19 410.10 Td (on ) Tj ET Q q 0 0 0 rg BT 109.23 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.71 410.10 Td (three ) Tj ET Q q 0 0 0 rg BT 150.74 410.10 Td (\(3\)-month ) Tj ET Q q 0 0 0 rg BT 198.39 410.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 252.74 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.94 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.43 410.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 316.24 410.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 388.92 410.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 412.37 410.10 Td (All ) Tj ET Q q 0 0 0 rg BT 429.46 410.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 458.19 410.10 Td (will ) Tj ET Q q 0 0 0 rg BT 478.34 410.10 Td (be ) Tj ET Q q 0 0 0 rg BT 491.77 410.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 525.97 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.57 410.10 Td (terms ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 396.90 Td (and ) Tj ET Q q 0 0 0 rg BT 69.59 396.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 119.13 396.90 Td (of ) Tj ET Q q 0 0 0 rg BT 132.00 396.90 Td (the ) Tj ET Q q 0 0 0 rg BT 149.14 396.90 Td (Company) Tj ET Q q 0 0 0 rg BT 194.97 396.90 Td (s ) Tj ET Q q 0 0 0 rg BT 202.96 396.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 228.66 396.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 261.70 396.90 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 306.33 396.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 329.59 396.90 Td (and ) Tj ET Q q 0 0 0 rg BT 349.18 396.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 393.81 396.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 420.73 396.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 441.55 396.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 491.06 396.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 533.87 396.90 Td (by ) Tj ET Q q 0 0 0 rg BT 548.58 396.90 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 383.70 Td (Company) Tj ET Q q 0 0 0 rg BT 92.06 383.70 Td (, ) Tj ET Q q 0 0 0 rg BT 97.56 383.70 Td (which ) Tj ET Q q 0 0 0 rg BT 127.19 383.70 Td (will ) Tj ET Q q 0 0 0 rg BT 147.06 383.70 Td (control ) Tj ET Q q 0 0 0 rg BT 180.96 383.70 Td (the ) Tj ET Q q 0 0 0 rg BT 197.15 383.70 Td (RSU ) Tj ET Q q 0 0 0 rg BT 221.30 383.70 Td (grant, ) Tj ET Q q 0 0 0 rg BT 249.40 383.70 Td (and ) Tj ET Q q 0 0 0 rg BT 268.03 383.70 Td (both ) Tj ET Q q 0 0 0 rg BT 290.34 383.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.25 383.70 Td (which ) Tj ET Q q 0 0 0 rg BT 331.89 383.70 Td (documents ) Tj ET Q q 0 0 0 rg BT 382.29 383.70 Td (are ) Tj ET Q q 0 0 0 rg BT 398.47 383.70 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 456.81 383.70 Td (herein ) Tj ET Q q 0 0 0 rg BT 487.04 383.70 Td (by ) Tj ET Q q 0 0 0 rg BT 500.79 383.70 Td (reference.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 357.30 Td (\(iii\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.00 357.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 241.58 357.30 Td (will ) Tj ET Q q 0 0 0 rg BT 262.30 357.30 Td (be ) Tj ET Q q 0 0 0 rg BT 276.29 357.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 312.88 357.30 Td (to ) Tj ET Q q 0 0 0 rg BT 325.04 357.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 360.39 357.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 407.98 357.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 442.74 357.30 Td (of ) Tj ET Q q 0 0 0 rg BT 455.51 357.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 482.33 357.30 Td (options, ) Tj ET Q q 0 0 0 rg BT 521.08 357.30 Td (restricted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 78.84 344.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 122.63 344.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 148.72 344.10 Td (units ) Tj ET Q q 0 0 0 rg BT 172.99 344.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.02 344.10 Td (other ) Tj ET Q q 0 0 0 rg BT 210.50 344.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 240.86 344.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 274.88 344.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 315.64 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.06 344.10 Td (any ) Tj ET Q q 0 0 0 rg BT 345.82 344.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 371.91 344.10 Td (or ) Tj ET Q q 0 0 0 rg BT 383.94 344.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 446.06 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.37 344.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 508.02 344.10 Td (may ) Tj ET Q q 0 0 0 rg BT 529.83 344.10 Td (have ) Tj ET Q q 0 0 0 rg BT 553.46 344.10 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 330.90 Td (ef) Tj ET Q q 0 0 0 rg BT 58.35 330.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 76.81 330.90 Td (from ) Tj ET Q q 0 0 0 rg BT 100.18 330.90 Td (time ) Tj ET Q q 0 0 0 rg BT 121.71 330.90 Td (to ) Tj ET Q q 0 0 0 rg BT 132.25 330.90 Td (time. ) Tj ET Q q 0 0 0 rg BT 156.39 330.90 Td (The ) Tj ET Q q 0 0 0 rg BT 175.47 330.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 204.33 330.90 Td (or ) Tj ET Q q 0 0 0 rg BT 215.48 330.90 Td (the ) Tj ET Q q 0 0 0 rg BT 230.90 330.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 296.43 330.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 347.30 330.90 Td (will ) Tj ET Q q 0 0 0 rg BT 366.39 330.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 412.35 330.90 Td (in ) Tj ET Q q 0 0 0 rg BT 422.89 330.90 Td (its ) Tj ET Q q 0 0 0 rg BT 435.27 330.90 Td (discretion ) Tj ET Q q 0 0 0 rg BT 480.62 330.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 518.03 330.90 Td (Executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 317.70 Td (will ) Tj ET Q q 0 0 0 rg BT 69.27 317.70 Td (be ) Tj ET Q q 0 0 0 rg BT 81.81 317.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 116.95 317.70 Td (any ) Tj ET Q q 0 0 0 rg BT 134.99 317.70 Td (such ) Tj ET Q q 0 0 0 rg BT 157.31 317.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 186.96 317.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 220.27 317.70 Td (and ) Tj ET Q q 0 0 0 rg BT 238.31 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 253.91 317.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 280.51 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 291.83 317.70 Td (any ) Tj ET Q q 0 0 0 rg BT 309.87 317.70 Td (such ) Tj ET Q q 0 0 0 rg BT 332.19 317.70 Td (award ) Tj ET Q q 0 0 0 rg BT 361.22 317.70 Td (in ) Tj ET Q q 0 0 0 rg BT 371.93 317.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 423.55 317.70 Td (with ) Tj ET Q q 0 0 0 rg BT 445.26 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 460.86 317.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 487.45 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 498.77 317.70 Td (any ) Tj ET Q q 0 0 0 rg BT 516.81 317.70 Td (applicable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 304.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 71.69 304.50 Td (or ) Tj ET Q q 0 0 0 rg BT 83.60 304.50 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 141.32 304.50 Td (that ) Tj ET Q q 0 0 0 rg BT 160.56 304.50 Td (may ) Tj ET Q q 0 0 0 rg BT 182.25 304.50 Td (be ) Tj ET Q q 0 0 0 rg BT 195.38 304.50 Td (in ) Tj ET Q q 0 0 0 rg BT 206.69 304.50 Td (ef) Tj ET Q q 0 0 0 rg BT 215.04 304.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 234.27 304.50 Td (from ) Tj ET Q q 0 0 0 rg BT 258.40 304.50 Td (time ) Tj ET Q q 0 0 0 rg BT 280.70 304.50 Td (to ) Tj ET Q q 0 0 0 rg BT 292.01 304.50 Td (time.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 277.70 Td (4. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 276.23369140625005 m 204.6962890625 276.23369140625005 l s q 0 0 0 rg BT 122.00 277.70 Td (Employee ) Tj ET Q q 0 0 0 rg BT 168.04 277.70 Td (Benefits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 204.70 277.70 Td (. ) Tj ET Q q 0 0 0 rg BT 208.89 277.70 Td (During ) Tj ET Q q 0 0 0 rg BT 241.49 277.70 Td (the ) Tj ET Q q 0 0 0 rg BT 256.38 277.70 Td (Employment ) Tj ET Q q 0 0 0 rg BT 314.54 277.70 Td (T) Tj ET Q q 0 0 0 rg BT 320.49 277.70 Td (erm, ) Tj ET Q q 0 0 0 rg BT 341.78 277.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 387.21 277.70 Td (will ) Tj ET Q q 0 0 0 rg BT 405.76 277.70 Td (be ) Tj ET Q q 0 0 0 rg BT 417.58 277.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 452.02 277.70 Td (to ) Tj ET Q q 0 0 0 rg BT 462.01 277.70 Td (participate ) Tj ET Q q 0 0 0 rg BT 509.87 277.70 Td (in ) Tj ET Q q 0 0 0 rg BT 519.87 277.70 Td (executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 264.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 83.51 264.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 109.71 264.50 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 264.50 Td (programs ) Tj ET Q q 0 0 0 rg BT 173.08 264.50 Td (of ) Tj ET Q q 0 0 0 rg BT 185.22 264.50 Td (the ) Tj ET Q q 0 0 0 rg BT 201.63 264.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.38 264.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 295.57 264.50 Td (vacation ) Tj ET Q q 0 0 0 rg BT 335.80 264.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 366.88 264.50 Td (paid- ) Tj ET Q q 0 0 0 rg BT 392.46 264.50 Td (time ) Tj ET Q q 0 0 0 rg BT 414.98 264.50 Td (of) Tj ET Q q 0 0 0 rg BT 423.94 264.50 Td (f\), ) Tj ET Q q 0 0 0 rg BT 437.00 264.50 Td (maintained ) Tj ET Q q 0 0 0 rg BT 488.84 264.50 Td (by ) Tj ET Q q 0 0 0 rg BT 502.81 264.50 Td (the ) Tj ET Q q 0 0 0 rg BT 519.23 264.50 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 251.30 Td (for ) Tj ET Q q 0 0 0 rg BT 65.47 251.30 Td (the ) Tj ET Q q 0 0 0 rg BT 81.55 251.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 114.74 251.30 Td (of ) Tj ET Q q 0 0 0 rg BT 126.54 251.30 Td (its ) Tj ET Q q 0 0 0 rg BT 139.58 251.30 Td (employees, ) Tj ET Q q 0 0 0 rg BT 192.02 251.30 Td (if ) Tj ET Q q 0 0 0 rg BT 201.38 251.30 Td (any) Tj ET Q q 0 0 0 rg BT 216.55 251.30 Td (, ) Tj ET Q q 0 0 0 rg BT 221.94 251.30 Td (on ) Tj ET Q q 0 0 0 rg BT 235.58 251.30 Td (the ) Tj ET Q q 0 0 0 rg BT 251.67 251.30 Td (same ) Tj ET Q q 0 0 0 rg BT 276.91 251.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 304.00 251.30 Td (and ) Tj ET Q q 0 0 0 rg BT 322.52 251.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 371.00 251.30 Td (as ) Tj ET Q q 0 0 0 rg BT 382.80 251.30 Td (other ) Tj ET Q q 0 0 0 rg BT 408.05 251.30 Td (similarly-situated ) Tj ET Q q 0 0 0 rg BT 487.68 251.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 537.36 251.30 Td (to ) Tj ET Q q 0 0 0 rg BT 548.56 251.30 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 78.31 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 96.25 238.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 143.28 238.10 Td (s ) Tj ET Q q 0 0 0 rg BT 149.00 238.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 188.64 238.10 Td (tenure, ) Tj ET Q q 0 0 0 rg BT 220.31 238.10 Td (salary) Tj ET Q q 0 0 0 rg BT 245.86 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.05 238.10 Td (age, ) Tj ET Q q 0 0 0 rg BT 269.50 238.10 Td (health ) Tj ET Q q 0 0 0 rg BT 297.82 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.14 238.10 Td (other ) Tj ET Q q 0 0 0 rg BT 339.18 238.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 400.49 238.10 Td (make ) Tj ET Q q 0 0 0 rg BT 425.74 238.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 471.16 238.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 505.59 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.58 238.10 Td (participate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 224.90 Td (in ) Tj ET Q q 0 0 0 rg BT 62.01 224.90 Td (such ) Tj ET Q q 0 0 0 rg BT 85.62 224.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 112.29 224.90 Td (or ) Tj ET Q q 0 0 0 rg BT 124.91 224.90 Td (programs, ) Tj ET Q q 0 0 0 rg BT 172.66 224.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 207.27 224.90 Td (to ) Tj ET Q q 0 0 0 rg BT 219.28 224.90 Td (the ) Tj ET Q q 0 0 0 rg BT 236.17 224.90 Td (rules ) Tj ET Q q 0 0 0 rg BT 261.00 224.90 Td (and ) Tj ET Q q 0 0 0 rg BT 280.34 224.90 Td (regulations ) Tj ET Q q 0 0 0 rg BT 332.66 224.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 381.31 224.90 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 418.06 224.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 465.49 224.90 Td (will ) Tj ET Q q 0 0 0 rg BT 486.05 224.90 Td (be ) Tj ET Q q 0 0 0 rg BT 499.89 224.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 542.44 224.90 Td (with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 211.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 96.69 211.70 Td (information ) Tj ET Q q 0 0 0 rg BT 151.32 211.70 Td (about ) Tj ET Q q 0 0 0 rg BT 178.46 211.70 Td (those ) Tj ET Q q 0 0 0 rg BT 204.38 211.70 Td (benefits ) Tj ET Q q 0 0 0 rg BT 241.90 211.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 266.60 211.70 Td (or ) Tj ET Q q 0 0 0 rg BT 278.46 211.70 Td (shortly ) Tj ET Q q 0 0 0 rg BT 311.71 211.70 Td (following ) Tj ET Q q 0 0 0 rg BT 357.19 211.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 404.22 211.70 Td (s ) Tj ET Q q 0 0 0 rg BT 411.20 211.70 Td (Start ) Tj ET Q q 0 0 0 rg BT 434.68 211.70 Td (Date. ) Tj ET Q q 0 0 0 rg BT 460.70 211.70 Td (The ) Tj ET Q q 0 0 0 rg BT 480.50 211.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.97 211.70 Td (reserves ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 198.50 Td (right ) Tj ET Q q 0 0 0 rg BT 87.07 198.50 Td (to ) Tj ET Q q 0 0 0 rg BT 97.06 198.50 Td (modify ) Tj ET Q q 0 0 0 rg BT 130.26 198.50 Td (employee ) Tj ET Q q 0 0 0 rg BT 174.45 198.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 236.97 198.50 Td (and ) Tj ET Q q 0 0 0 rg BT 254.28 198.50 Td (cancel ) Tj ET Q q 0 0 0 rg BT 283.80 198.50 Td (or ) Tj ET Q q 0 0 0 rg BT 294.39 198.50 Td (change ) Tj ET Q q 0 0 0 rg BT 326.97 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.83 198.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 373.80 198.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 398.45 198.50 Td (and ) Tj ET Q q 0 0 0 rg BT 415.76 198.50 Td (programs ) Tj ET Q q 0 0 0 rg BT 458.73 198.50 Td (it ) Tj ET Q q 0 0 0 rg BT 466.28 198.50 Td (of) Tj ET Q q 0 0 0 rg BT 475.24 198.50 Td (fers ) Tj ET Q q 0 0 0 rg BT 493.16 198.50 Td (to ) Tj ET Q q 0 0 0 rg BT 503.14 198.50 Td (its ) Tj ET Q q 0 0 0 rg BT 514.96 198.50 Td (employees ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 185.30 Td (at ) Tj ET Q q 0 0 0 rg BT 60.69 185.30 Td (any ) Tj ET Q q 0 0 0 rg BT 79.32 185.30 Td (time ) Tj ET Q q 0 0 0 rg BT 101.62 185.30 Td (in ) Tj ET Q q 0 0 0 rg BT 112.93 185.30 Td (its ) Tj ET Q q 0 0 0 rg BT 126.07 185.30 Td (discretion.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 158.40 Td (5. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 156.93369140624998 m 163.54541015625 156.93369140624998 l s q 0 0 0 rg BT 122.00 158.40 Td (Expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 163.55 158.40 Td (. ) Tj ET Q q 0 0 0 rg BT 170.61 158.40 Td (The ) Tj ET Q q 0 0 0 rg BT 192.37 158.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.80 158.40 Td (will ) Tj ET Q q 0 0 0 rg BT 261.57 158.40 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 310.21 158.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 358.84 158.40 Td (for ) Tj ET Q q 0 0 0 rg BT 376.32 158.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 428.01 158.40 Td (travel, ) Tj ET Q q 0 0 0 rg BT 460.45 158.40 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 525.58 158.40 Td (or ) Tj ET Q q 0 0 0 rg BT 539.40 158.40 Td (other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 145.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 93.34 145.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 133.62 145.20 Td (by ) Tj ET Q q 0 0 0 rg BT 148.26 145.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 195.87 145.20 Td (in ) Tj ET Q q 0 0 0 rg BT 208.06 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 225.13 145.20 Td (furtherance ) Tj ET Q q 0 0 0 rg BT 278.84 145.20 Td (of ) Tj ET Q q 0 0 0 rg BT 291.64 145.20 Td (or ) Tj ET Q q 0 0 0 rg BT 304.43 145.20 Td (in ) Tj ET Q q 0 0 0 rg BT 316.62 145.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 368.52 145.20 Td (with ) Tj ET Q q 0 0 0 rg BT 391.71 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 408.78 145.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 467.99 145.20 Td (of ) Tj ET Q q 0 0 0 rg BT 480.78 145.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 527.82 145.20 Td (s ) Tj ET Q q 0 0 0 rg BT 535.73 145.20 Td (duties ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 132.00 Td (hereunder) Tj ET Q q 0 0 0 rg BT 93.53 132.00 Td (, ) Tj ET Q q 0 0 0 rg BT 99.03 132.00 Td (in ) Tj ET Q q 0 0 0 rg BT 110.34 132.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 162.55 132.00 Td (with ) Tj ET Q q 0 0 0 rg BT 184.85 132.00 Td (the ) Tj ET Q q 0 0 0 rg BT 201.04 132.00 Td (Company) Tj ET Q q 0 0 0 rg BT 246.87 132.00 Td (s ) Tj ET Q q 0 0 0 rg BT 253.90 132.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 292.08 132.00 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 360.81 132.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 391.05 132.00 Td (as ) Tj ET Q q 0 0 0 rg BT 402.97 132.00 Td (in ) Tj ET Q q 0 0 0 rg BT 414.27 132.00 Td (ef) Tj ET Q q 0 0 0 rg BT 422.62 132.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 441.85 132.00 Td (from ) Tj ET Q q 0 0 0 rg BT 465.99 132.00 Td (time ) Tj ET Q q 0 0 0 rg BT 488.29 132.00 Td (to ) Tj ET Q q 0 0 0 rg BT 499.59 132.00 Td (time.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 105.25 Td (6. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 103.78369140625 m 206.60009765625 103.78369140625 l s q 0 0 0 rg BT 122.00 105.25 Td (Severance Benefits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 206.60 105.25 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 78.35 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 76.88369140625002 m 549.27392578125 76.88369140625002 l s q 0 0 0 rg BT 158.00 78.35 Td (T) Tj ET Q q 0 0 0 rg BT 163.95 78.35 Td (ermination ) Tj ET Q q 0 0 0 rg BT 214.27 78.35 Td (without ) Tj ET Q q 0 0 0 rg BT 250.54 78.35 Td (Cause ) Tj ET Q q 0 0 0 rg BT 280.08 78.35 Td (or ) Tj ET Q q 0 0 0 rg BT 291.91 78.35 Td (Resignation ) Tj ET Q q 0 0 0 rg BT 347.12 78.35 Td (for ) Tj ET Q q 0 0 0 rg BT 362.61 78.35 Td (Good ) Tj ET Q q 0 0 0 rg BT 389.71 78.35 Td (Reason ) Tj ET Q q 0 0 0 rg BT 424.76 78.35 Td (Prior ) Tj ET Q q 0 0 0 rg BT 449.42 78.35 Td (to ) Tj ET Q q 0 0 0 rg BT 460.64 78.35 Td (a ) Tj ET Q q 0 0 0 rg BT 468.18 78.35 Td (Change ) Tj ET Q q 0 0 0 rg BT 504.44 78.35 Td (in ) Tj ET Q q 0 0 0 rg BT 515.66 78.35 Td (Control) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.27 78.35 Td (. ) Tj ET Q q 0 0 0 rg BT 554.69 78.35 Td (If ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 65.15 Td (the ) Tj ET Q q 0 0 0 rg BT 65.65 65.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.63 65.15 Td (terminates ) Tj ET Q q 0 0 0 rg BT 158.66 65.15 Td (Executive) Tj ET Q q 0 0 0 rg BT 205.69 65.15 Td (s ) Tj ET Q q 0 0 0 rg BT 212.18 65.15 Td (employment ) Tj ET Q q 0 0 0 rg BT 269.38 65.15 Td (with ) Tj ET Q q 0 0 0 rg BT 291.14 65.15 Td (the ) Tj ET Q q 0 0 0 rg BT 306.79 65.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 351.78 65.15 Td (for ) Tj ET Q q 0 0 0 rg BT 366.81 65.15 Td (a ) Tj ET Q q 0 0 0 rg BT 373.90 65.15 Td (reason ) Tj ET Q q 0 0 0 rg BT 404.82 65.15 Td ( ) Tj ET Q q 0 0 0 rg BT 407.03 65.15 Td (other ) Tj ET Q q 0 0 0 rg BT 431.84 65.15 Td (than ) Tj ET Q q 0 0 0 rg BT 452.99 65.15 Td (Cause ) Tj ET Q q 0 0 0 rg BT 482.08 65.15 Td (\(and ) Tj ET Q q 0 0 0 rg BT 503.83 65.15 Td (not ) Tj ET Q q 0 0 0 rg BT 520.10 65.15 Td (by ) Tj ET Q q 0 0 0 rg BT 533.31 65.15 Td (reason ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 51.95 Td (of ) Tj ET Q q 0 0 0 rg BT 61.91 51.95 Td (Executive) Tj ET Q q 0 0 0 rg BT 108.95 51.95 Td (s ) Tj ET Q q 0 0 0 rg BT 115.98 51.95 Td (death ) Tj ET Q q 0 0 0 rg BT 142.55 51.95 Td (or ) Tj ET Q q 0 0 0 rg BT 154.47 51.95 Td (Disability\), ) Tj ET Q q 0 0 0 rg BT 207.02 51.95 Td (or ) Tj ET Q q 0 0 0 rg BT 218.94 51.95 Td (Executive ) Tj ET Q q 0 0 0 rg BT 265.67 51.95 Td (resigns ) Tj ET Q q 0 0 0 rg BT 299.58 51.95 Td (from ) Tj ET Q q 0 0 0 rg BT 323.71 51.95 Td (employment ) Tj ET Q q 0 0 0 rg BT 381.45 51.95 Td (with ) Tj ET Q q 0 0 0 rg BT 403.76 51.95 Td (the ) Tj ET Q q 0 0 0 rg BT 419.95 51.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.48 51.95 Td (for ) Tj ET Q q 0 0 0 rg BT 481.06 51.95 Td (Good ) Tj ET Q q 0 0 0 rg BT 508.25 51.95 Td (Reason, ) Tj ET Q q 0 0 0 rg BT 546.14 51.95 Td (and ) Tj ET Q endstream endobj 245 0 obj <> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (in ) Tj ET Q q 0 0 0 rg BT 60.12 741.40 Td (each ) Tj ET Q q 0 0 0 rg BT 81.83 741.40 Td (case, ) Tj ET Q q 0 0 0 rg BT 105.07 741.40 Td (such ) Tj ET Q q 0 0 0 rg BT 126.80 741.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 179.07 741.40 Td (occurs ) Tj ET Q q 0 0 0 rg BT 209.34 741.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 232.28 741.40 Td (to ) Tj ET Q q 0 0 0 rg BT 242.40 741.40 Td (a ) Tj ET Q q 0 0 0 rg BT 248.85 741.40 Td (Change ) Tj ET Q q 0 0 0 rg BT 284.01 741.40 Td (in ) Tj ET Q q 0 0 0 rg BT 294.13 741.40 Td (Control, ) Tj ET Q q 0 0 0 rg BT 332.06 741.40 Td (then ) Tj ET Q q 0 0 0 rg BT 352.56 741.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 385.28 741.40 Td (to ) Tj ET Q q 0 0 0 rg BT 395.40 741.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 429.96 741.40 Td (8 ) Tj ET Q q 0 0 0 rg BT 437.02 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 447.75 741.40 Td (this ) Tj ET Q q 0 0 0 rg BT 464.86 741.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 518.04 741.40 Td (Executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (will ) Tj ET Q q 0 0 0 rg BT 70.08 728.20 Td (receive ) Tj ET Q q 0 0 0 rg BT 104.80 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 116.93 728.20 Td (severance ) Tj ET Q q 0 0 0 rg BT 163.25 728.20 Td (from ) Tj ET Q q 0 0 0 rg BT 187.61 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 204.01 728.20 Td (Company: ) Tj ET Q q 0 0 0 rg BT 252.81 728.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 266.16 728.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 316.18 728.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 361.31 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 373.44 728.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 420.48 728.20 Td (s ) Tj ET Q q 0 0 0 rg BT 427.73 728.20 Td (Base ) Tj ET Q q 0 0 0 rg BT 452.08 728.20 Td (Salary ) Tj ET Q q 0 0 0 rg BT 483.15 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 495.28 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 506.80 728.20 Td (ef) Tj ET Q q 0 0 0 rg BT 515.15 728.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 534.60 728.20 Td (on ) Tj ET Q q 0 0 0 rg BT 548.57 728.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (date ) Tj ET Q q 0 0 0 rg BT 71.58 715.00 Td (of ) Tj ET Q q 0 0 0 rg BT 84.00 715.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 131.03 715.00 Td (s ) Tj ET Q q 0 0 0 rg BT 138.57 715.00 Td (termination, ) Tj ET Q q 0 0 0 rg BT 195.28 715.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 232.74 715.00 Td (in ) Tj ET Q q 0 0 0 rg BT 244.56 715.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 297.27 715.00 Td (with ) Tj ET Q q 0 0 0 rg BT 320.08 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.78 715.00 Td (Company) Tj ET Q q 0 0 0 rg BT 382.61 715.00 Td (s ) Tj ET Q q 0 0 0 rg BT 390.14 715.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 430.67 715.00 Td (payroll ) Tj ET Q q 0 0 0 rg BT 465.08 715.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 516.59 715.00 Td (during ) Tj ET Q q 0 0 0 rg BT 548.57 715.00 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (Severance ) Tj ET Q q 0 0 0 rg BT 97.51 701.80 Td (Period; ) Tj ET Q q 0 0 0 rg BT 131.61 701.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 147.37 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.13 701.80 Td (immediate ) Tj ET Q q 0 0 0 rg BT 211.87 701.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 245.97 701.80 Td (of ) Tj ET Q q 0 0 0 rg BT 257.45 701.80 Td (each ) Tj ET Q q 0 0 0 rg BT 279.92 701.80 Td (of ) Tj ET Q q 0 0 0 rg BT 291.40 701.80 Td (Executive) Tj ET Q q 0 0 0 rg BT 338.44 701.80 Td (s ) Tj ET Q q 0 0 0 rg BT 345.04 701.80 Td (then- ) Tj ET Q q 0 0 0 rg BT 369.96 701.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 423.61 701.80 Td (Equity ) Tj ET Q q 0 0 0 rg BT 454.75 701.80 Td (A) Tj ET Q q 0 0 0 rg BT 461.69 701.80 Td (wards ) Tj ET Q q 0 0 0 rg BT 490.28 701.80 Td (as ) Tj ET Q q 0 0 0 rg BT 501.76 701.80 Td (to ) Tj ET Q q 0 0 0 rg BT 512.64 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.40 701.80 Td (number ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (of ) Tj ET Q q 0 0 0 rg BT 62.28 688.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 92.89 688.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 127.16 688.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.83 688.60 Td (each ) Tj ET Q q 0 0 0 rg BT 162.10 688.60 Td (such ) Tj ET Q q 0 0 0 rg BT 185.38 688.60 Td (Equity ) Tj ET Q q 0 0 0 rg BT 217.14 688.60 Td (A) Tj ET Q q 0 0 0 rg BT 224.07 688.60 Td (ward ) Tj ET Q q 0 0 0 rg BT 249.18 688.60 Td (that ) Tj ET Q q 0 0 0 rg BT 268.79 688.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 314.67 688.60 Td (would ) Tj ET Q q 0 0 0 rg BT 345.29 688.60 Td (have ) Tj ET Q q 0 0 0 rg BT 369.17 688.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 400.39 688.60 Td (had ) Tj ET Q q 0 0 0 rg BT 419.38 688.60 Td (he ) Tj ET Q q 0 0 0 rg BT 432.88 688.60 Td (remained ) Tj ET Q q 0 0 0 rg BT 476.92 688.60 Td (an ) Tj ET Q q 0 0 0 rg BT 490.42 688.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 536.30 688.60 Td (of ) Tj ET Q q 0 0 0 rg BT 548.58 688.60 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.46 675.40 Td (through ) Tj ET Q q 0 0 0 rg BT 132.37 675.40 Td (the ) Tj ET Q q 0 0 0 rg BT 148.50 675.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 180.51 675.40 Td (\(12\)- ) Tj ET Q q 0 0 0 rg BT 205.19 675.40 Td (month ) Tj ET Q q 0 0 0 rg BT 235.99 675.40 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 289.99 675.40 Td (of ) Tj ET Q q 0 0 0 rg BT 301.84 675.40 Td (Executive) Tj ET Q q 0 0 0 rg BT 348.88 675.40 Td (s ) Tj ET Q q 0 0 0 rg BT 355.85 675.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 409.25 675.40 Td (of ) Tj ET Q q 0 0 0 rg BT 421.10 675.40 Td (employment; ) Tj ET Q q 0 0 0 rg BT 481.83 675.40 Td (and ) Tj ET Q q 0 0 0 rg BT 500.41 675.40 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 519.59 675.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 553.44 675.40 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 87.37 662.20 Td (6\(d\) ) Tj ET Q q 0 0 0 rg BT 110.07 662.20 Td (below) Tj ET Q q 0 0 0 rg BT 136.24 662.20 Td (, ) Tj ET Q q 0 0 0 rg BT 143.37 662.20 Td (the ) Tj ET Q q 0 0 0 rg BT 161.18 662.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.33 662.20 Td (will ) Tj ET Q q 0 0 0 rg BT 229.82 662.20 Td (either) Tj ET Q q 0 0 0 rg BT 254.42 662.20 Td (, ) Tj ET Q q 0 0 0 rg BT 261.55 662.20 Td (at ) Tj ET Q q 0 0 0 rg BT 273.86 662.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.68 662.20 Td (Company) Tj ET Q q 0 0 0 rg BT 337.51 662.20 Td (s ) Tj ET Q q 0 0 0 rg BT 346.17 662.20 Td (election, ) Tj ET Q q 0 0 0 rg BT 388.11 662.20 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 436.47 662.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 484.83 662.20 Td (for ) Tj ET Q q 0 0 0 rg BT 502.03 662.20 Td (the ) Tj ET Q q 0 0 0 rg BT 519.84 662.20 Td (payments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.59 649.00 Td (makes, ) Tj ET Q q 0 0 0 rg BT 130.05 649.00 Td (or ) Tj ET Q q 0 0 0 rg BT 141.82 649.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 160.32 649.00 Td (directly ) Tj ET Q q 0 0 0 rg BT 196.52 649.00 Td (to ) Tj ET Q q 0 0 0 rg BT 207.69 649.00 Td (the ) Tj ET Q q 0 0 0 rg BT 223.74 649.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 268.50 649.00 Td (provider ) Tj ET Q q 0 0 0 rg BT 308.37 649.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.42 649.00 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 373.77 649.00 Td (for ) Tj ET Q q 0 0 0 rg BT 389.21 649.00 Td (medical, ) Tj ET Q q 0 0 0 rg BT 429.39 649.00 Td (vision ) Tj ET Q q 0 0 0 rg BT 458.89 649.00 Td (and ) Tj ET Q q 0 0 0 rg BT 477.38 649.00 Td (dental ) Tj ET Q q 0 0 0 rg BT 506.87 649.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 549.17 649.00 Td (for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.33 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 114.56 635.80 Td (Executive) Tj ET Q q 0 0 0 rg BT 161.59 635.80 Td (s ) Tj ET Q q 0 0 0 rg BT 168.22 635.80 Td (eligible ) Tj ET Q q 0 0 0 rg BT 203.56 635.80 Td (dependents ) Tj ET Q q 0 0 0 rg BT 255.39 635.80 Td (under ) Tj ET Q q 0 0 0 rg BT 282.62 635.80 Td (T) Tj ET Q q 0 0 0 rg BT 288.95 635.80 Td (itle ) Tj ET Q q 0 0 0 rg BT 305.35 635.80 Td (X ) Tj ET Q q 0 0 0 rg BT 315.64 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 327.15 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 342.94 635.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 403.34 635.80 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 446.02 635.80 Td (Budget ) Tj ET Q q 0 0 0 rg BT 480.15 635.80 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 546.13 635.80 Td (Act ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.42 622.60 Td (1985, ) Tj ET Q q 0 0 0 rg BT 88.42 622.60 Td (as ) Tj ET Q q 0 0 0 rg BT 99.83 622.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 141.79 622.60 Td (or ) Tj ET Q q 0 0 0 rg BT 153.20 622.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 206.76 622.60 Td (state ) Tj ET Q q 0 0 0 rg BT 229.17 622.60 Td (law ) Tj ET Q q 0 0 0 rg BT 247.30 622.60 Td (\() Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 255.85 622.60 Td (COBRA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 295.57 622.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 306.37 622.60 Td (during ) Tj ET Q q 0 0 0 rg BT 337.34 622.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.03 622.60 Td (Severance ) Tj ET Q q 0 0 0 rg BT 400.48 622.60 Td (Period ) Tj ET Q q 0 0 0 rg BT 431.45 622.60 Td (or ) Tj ET Q q 0 0 0 rg BT 442.86 622.60 Td (until ) Tj ET Q q 0 0 0 rg BT 465.28 622.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 511.51 622.60 Td (has ) Tj ET Q q 0 0 0 rg BT 528.43 622.60 Td (secured ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (other ) Tj ET Q q 0 0 0 rg BT 75.64 609.40 Td (employment ) Tj ET Q q 0 0 0 rg BT 133.67 609.40 Td (that ) Tj ET Q q 0 0 0 rg BT 153.20 609.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 194.12 609.40 Td (group ) Tj ET Q q 0 0 0 rg BT 222.82 609.40 Td (health ) Tj ET Q q 0 0 0 rg BT 252.73 609.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 297.92 609.40 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 343.40 609.40 Td (whichever ) Tj ET Q q 0 0 0 rg BT 392.25 609.40 Td (occurs ) Tj ET Q q 0 0 0 rg BT 423.99 609.40 Td (first ) Tj ET Q q 0 0 0 rg BT 444.75 609.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 486.89 609.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 533.90 609.40 Td (timely ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (elects ) Tj ET Q q 0 0 0 rg BT 78.40 596.20 Td (COBRA) Tj ET Q q 0 0 0 rg BT 115.70 596.20 Td ( ) Tj ET Q q 0 0 0 rg BT 119.06 596.20 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 164.87 596.20 Td (remains ) Tj ET Q q 0 0 0 rg BT 203.05 596.20 Td (eligible ) Tj ET Q q 0 0 0 rg BT 239.40 596.20 Td (for ) Tj ET Q q 0 0 0 rg BT 255.59 596.20 Td (COBRA) Tj ET Q q 0 0 0 rg BT 292.88 596.20 Td ( ) Tj ET Q q 0 0 0 rg BT 296.25 596.20 Td (continuation ) Tj ET Q q 0 0 0 rg BT 354.60 596.20 Td (coverage ) Tj ET Q q 0 0 0 rg BT 397.66 596.20 Td (and, ) Tj ET Q q 0 0 0 rg BT 419.65 596.20 Td (with ) Tj ET Q q 0 0 0 rg BT 442.57 596.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 477.08 596.20 Td (to ) Tj ET Q q 0 0 0 rg BT 489.00 596.20 Td (reimbursements, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (pays ) Tj ET Q q 0 0 0 rg BT 74.49 583.00 Td (for ) Tj ET Q q 0 0 0 rg BT 91.65 583.00 Td (COBRA) Tj ET Q q 0 0 0 rg BT 128.94 583.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.27 583.00 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 179.73 583.00 Td (W) Tj ET Q q 0 0 0 rg BT 189.67 583.00 Td (ith ) Tj ET Q q 0 0 0 rg BT 205.61 583.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 241.08 583.00 Td (to ) Tj ET Q q 0 0 0 rg BT 253.97 583.00 Td (Equity ) Tj ET Q q 0 0 0 rg BT 286.67 583.00 Td (A) Tj ET Q q 0 0 0 rg BT 293.61 583.00 Td (wards ) Tj ET Q q 0 0 0 rg BT 324.21 583.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 361.52 583.00 Td (on ) Tj ET Q q 0 0 0 rg BT 376.85 583.00 Td (or ) Tj ET Q q 0 0 0 rg BT 390.34 583.00 Td (after ) Tj ET Q q 0 0 0 rg BT 414.81 583.00 Td (the ) Tj ET Q q 0 0 0 rg BT 432.58 583.00 Td (Start ) Tj ET Q q 0 0 0 rg BT 457.69 583.00 Td (Date, ) Tj ET Q q 0 0 0 rg BT 485.53 583.00 Td (the ) Tj ET Q q 0 0 0 rg BT 503.30 583.00 Td (same ) Tj ET Q q 0 0 0 rg BT 530.23 583.00 Td (vesting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.80 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 105.70 569.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 154.11 569.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 195.79 569.80 Td (in ) Tj ET Q q 0 0 0 rg BT 206.92 569.80 Td (the ) Tj ET Q q 0 0 0 rg BT 222.94 569.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 246.90 569.80 Td (sentence ) Tj ET Q q 0 0 0 rg BT 287.34 569.80 Td (will ) Tj ET Q q 0 0 0 rg BT 307.02 569.80 Td (apply ) Tj ET Q q 0 0 0 rg BT 334.04 569.80 Td (to ) Tj ET Q q 0 0 0 rg BT 345.17 569.80 Td (such ) Tj ET Q q 0 0 0 rg BT 367.91 569.80 Td (Equity ) Tj ET Q q 0 0 0 rg BT 399.25 569.80 Td (A) Tj ET Q q 0 0 0 rg BT 406.18 569.80 Td (wards ) Tj ET Q q 0 0 0 rg BT 435.03 569.80 Td (except ) Tj ET Q q 0 0 0 rg BT 466.31 569.80 Td (to ) Tj ET Q q 0 0 0 rg BT 477.44 569.80 Td (the ) Tj ET Q q 0 0 0 rg BT 493.45 569.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 522.91 569.80 Td (provided ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.60 Td (in ) Tj ET Q q 0 0 0 rg BT 61.79 556.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.47 556.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 126.90 556.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 157.63 556.60 Td (award ) Tj ET Q q 0 0 0 rg BT 187.74 556.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 236.78 556.60 Td (by ) Tj ET Q q 0 0 0 rg BT 251.02 556.60 Td (explicit ) Tj ET Q q 0 0 0 rg BT 287.24 556.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 331.38 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 343.17 556.60 Td (this ) Tj ET Q q 0 0 0 rg BT 361.59 556.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.69 556.60 Td (or ) Tj ET Q q 0 0 0 rg BT 426.09 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.88 556.60 Td (a ) Tj ET Q q 0 0 0 rg BT 446.00 556.60 Td (later ) Tj ET Q q 0 0 0 rg BT 468.78 556.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 527.00 556.60 Td (or ) Tj ET Q q 0 0 0 rg BT 539.40 556.60 Td (other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 97.96 543.40 Td (providing ) Tj ET Q q 0 0 0 rg BT 142.89 543.40 Td (for ) Tj ET Q q 0 0 0 rg BT 157.87 543.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 190.58 543.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 224.51 543.40 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 279.79 543.40 Td (provisions. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 330.53 543.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 378.51 543.40 Td (agr) Tj ET Q q 0 0 0 rg BT 394.19 543.40 Td (ees ) Tj ET Q q 0 0 0 rg BT 410.39 543.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.28 543.40 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 497.22 543.40 Td (that ) Tj ET Q q 0 0 0 rg BT 518.32 543.40 Td (the ) Tj ET Q q 0 0 0 rg BT 535.14 543.40 Td (terms ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (of ) Tj ET Q q 0 0 0 rg BT 62.10 530.20 Td (this ) Tj ET Q q 0 0 0 rg BT 81.51 530.20 Td (Agr) Tj ET Q q 0 0 0 rg BT 99.63 530.20 Td (eement ) Tj ET Q q 0 0 0 rg BT 136.16 530.20 Td (may ) Tj ET Q q 0 0 0 rg BT 159.26 530.20 Td (r) Tj ET Q q 0 0 0 rg BT 163.94 530.20 Td (estrict ) Tj ET Q q 0 0 0 rg BT 196.19 530.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.79 530.20 Td (Company) Tj ET Q q 0 0 0 rg BT 262.89 530.20 Td (s ) Tj ET Q q 0 0 0 rg BT 270.10 530.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 302.99 530.20 Td (to ) Tj ET Q q 0 0 0 rg BT 315.09 530.20 Td (make ) Tj ET Q q 0 0 0 rg BT 343.69 530.20 Td (futur) Tj ET Q q 0 0 0 rg BT 367.93 530.20 Td (e ) Tj ET Q q 0 0 0 rg BT 375.75 530.20 Td (modifications, ) Tj ET Q q 0 0 0 rg BT 445.00 530.20 Td (including ) Tj ET Q q 0 0 0 rg BT 491.95 530.20 Td (but ) Tj ET Q q 0 0 0 rg BT 510.79 530.20 Td (not ) Tj ET Q q 0 0 0 rg BT 529.01 530.20 Td (limited ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (to ) Tj ET Q q 0 0 0 rg BT 62.29 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.07 517.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 116.20 517.00 Td (schedule ) Tj ET Q q 0 0 0 rg BT 159.66 517.00 Td (and/or) Tj ET Q q 0 0 0 rg BT 190.63 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 193.76 517.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 237.82 517.00 Td (timing, ) Tj ET Q q 0 0 0 rg BT 274.25 517.00 Td (to ) Tj ET Q q 0 0 0 rg BT 286.54 517.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 335.62 517.00 Td (s ) Tj ET Q q 0 0 0 rg BT 343.02 517.00 Td (r) Tj ET Q q 0 0 0 rg BT 347.70 517.00 Td (estricted ) Tj ET Q q 0 0 0 rg BT 391.14 517.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 418.70 517.00 Td (units, ) Tj ET Q q 0 0 0 rg BT 447.81 517.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 511.41 517.00 Td (shar) Tj ET Q q 0 0 0 rg BT 531.99 517.00 Td (es ) Tj ET Q q 0 0 0 rg BT 544.28 517.00 Td (and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 503.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 113.22 503.80 Td (units ) Tj ET Q q 0 0 0 rg BT 139.21 503.80 Td (without ) Tj ET Q q 0 0 0 rg BT 178.02 503.80 Td (risking ) Tj ET Q q 0 0 0 rg BT 213.78 503.80 Td (a ) Tj ET Q q 0 0 0 rg BT 222.03 503.80 Td (violation ) Tj ET Q q 0 0 0 rg BT 265.73 503.80 Td (of ) Tj ET Q q 0 0 0 rg BT 277.64 503.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 314.61 503.80 Td (409A) Tj ET Q q 0 0 0 rg BT 338.45 503.80 Td ( ) Tj ET Q q 0 0 0 rg BT 341.20 503.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 357.39 503.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 394.98 503.80 Td (below\).) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 477.15 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 475.68369140625 m 339.81982421875 475.68369140625 l s q 0 0 0 rg BT 158.00 477.15 Td (T) Tj ET Q q 0 0 0 rg BT 163.95 477.15 Td (ermination ) Tj ET Q q 0 0 0 rg BT 216.67 477.15 Td (due ) Tj ET Q q 0 0 0 rg BT 237.61 477.15 Td (to ) Tj ET Q q 0 0 0 rg BT 251.23 477.15 Td (Death ) Tj ET Q q 0 0 0 rg BT 282.56 477.15 Td (or ) Tj ET Q q 0 0 0 rg BT 296.79 477.15 Td (Disability) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.46 477.15 Td (. ) Tj ET Q q 0 0 0 rg BT 347.28 477.15 Td (If ) Tj ET Q q 0 0 0 rg BT 359.67 477.15 Td (Executive) Tj ET Q q 0 0 0 rg BT 406.70 477.15 Td (s ) Tj ET Q q 0 0 0 rg BT 416.05 477.15 Td (employment ) Tj ET Q q 0 0 0 rg BT 476.10 477.15 Td (with ) Tj ET Q q 0 0 0 rg BT 500.72 477.15 Td (the ) Tj ET Q q 0 0 0 rg BT 519.22 477.15 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 463.95 Td (terminates ) Tj ET Q q 0 0 0 rg BT 98.56 463.95 Td (due ) Tj ET Q q 0 0 0 rg BT 117.18 463.95 Td (to ) Tj ET Q q 0 0 0 rg BT 128.48 463.95 Td (Executive) Tj ET Q q 0 0 0 rg BT 175.52 463.95 Td (s ) Tj ET Q q 0 0 0 rg BT 182.54 463.95 Td (death ) Tj ET Q q 0 0 0 rg BT 209.10 463.95 Td (or ) Tj ET Q q 0 0 0 rg BT 221.01 463.95 Td (Disability) Tj ET Q q 0 0 0 rg BT 263.68 463.95 Td (, ) Tj ET Q q 0 0 0 rg BT 269.17 463.95 Td (regardless ) Tj ET Q q 0 0 0 rg BT 316.50 463.95 Td (of ) Tj ET Q q 0 0 0 rg BT 328.41 463.95 Td (whether ) Tj ET Q q 0 0 0 rg BT 366.58 463.95 Td (before, ) Tj ET Q q 0 0 0 rg BT 400.16 463.95 Td (on ) Tj ET Q q 0 0 0 rg BT 413.91 463.95 Td (or ) Tj ET Q q 0 0 0 rg BT 425.81 463.95 Td (after ) Tj ET Q q 0 0 0 rg BT 448.70 463.95 Td (a ) Tj ET Q q 0 0 0 rg BT 456.32 463.95 Td (Change ) Tj ET Q q 0 0 0 rg BT 492.67 463.95 Td (in ) Tj ET Q q 0 0 0 rg BT 503.97 463.95 Td (Control, ) Tj ET Q q 0 0 0 rg BT 543.07 463.95 Td (then ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 450.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 83.61 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 94.62 450.75 Td (Section ) Tj ET Q q 0 0 0 rg BT 130.07 450.75 Td (8 ) Tj ET Q q 0 0 0 rg BT 138.02 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.64 450.75 Td (this ) Tj ET Q q 0 0 0 rg BT 167.44 450.75 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 221.51 450.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 267.94 450.75 Td (or) Tj ET Q q 0 0 0 rg BT 276.67 450.75 Td (, ) Tj ET Q q 0 0 0 rg BT 281.87 450.75 Td (if ) Tj ET Q q 0 0 0 rg BT 291.04 450.75 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 341.44 450.75 Td (his ) Tj ET Q q 0 0 0 rg BT 356.73 450.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 384.23 450.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 398.90 450.75 Td (which ) Tj ET Q q 0 0 0 rg BT 428.23 450.75 Td (case ) Tj ET Q q 0 0 0 rg BT 449.61 450.75 Td (references ) Tj ET Q q 0 0 0 rg BT 497.25 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.26 450.75 Td (Executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 437.55 Td (in ) Tj ET Q q 0 0 0 rg BT 61.46 437.55 Td (this ) Tj ET Q q 0 0 0 rg BT 80.26 437.55 Td (Section ) Tj ET Q q 0 0 0 rg BT 116.17 437.55 Td (6\(b\) ) Tj ET Q q 0 0 0 rg BT 137.40 437.55 Td (and ) Tj ET Q q 0 0 0 rg BT 156.19 437.55 Td (in ) Tj ET Q q 0 0 0 rg BT 167.65 437.55 Td (Section ) Tj ET Q q 0 0 0 rg BT 203.55 437.55 Td (6\(d\) ) Tj ET Q q 0 0 0 rg BT 224.79 437.55 Td (will ) Tj ET Q q 0 0 0 rg BT 244.81 437.55 Td (be ) Tj ET Q q 0 0 0 rg BT 258.10 437.55 Td (deemed ) Tj ET Q q 0 0 0 rg BT 295.21 437.55 Td (to ) Tj ET Q q 0 0 0 rg BT 306.67 437.55 Td (refer ) Tj ET Q q 0 0 0 rg BT 330.33 437.55 Td (to ) Tj ET Q q 0 0 0 rg BT 341.79 437.55 Td (Executive) Tj ET Q q 0 0 0 rg BT 388.83 437.55 Td (s ) Tj ET Q q 0 0 0 rg BT 396.02 437.55 Td (estate\) ) Tj ET Q q 0 0 0 rg BT 427.63 437.55 Td (will ) Tj ET Q q 0 0 0 rg BT 447.65 437.55 Td (receive ) Tj ET Q q 0 0 0 rg BT 482.30 437.55 Td (as ) Tj ET Q q 0 0 0 rg BT 494.37 437.55 Td (severance ) Tj ET Q q 0 0 0 rg BT 540.64 437.55 Td (from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.35 Td (the ) Tj ET Q q 0 0 0 rg BT 66.34 424.35 Td (Company: ) Tj ET Q q 0 0 0 rg BT 115.07 424.35 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 128.36 424.35 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 424.35 Td (immediate ) Tj ET Q q 0 0 0 rg BT 194.03 424.35 Td (vesting ) Tj ET Q q 0 0 0 rg BT 228.71 424.35 Td (as ) Tj ET Q q 0 0 0 rg BT 240.77 424.35 Td (to ) Tj ET Q q 0 0 0 rg BT 252.23 424.35 Td (100% ) Tj ET Q q 0 0 0 rg BT 280.79 424.35 Td (of ) Tj ET Q q 0 0 0 rg BT 292.86 424.35 Td (each ) Tj ET Q q 0 0 0 rg BT 315.91 424.35 Td (of ) Tj ET Q q 0 0 0 rg BT 327.97 424.35 Td (Executive) Tj ET Q q 0 0 0 rg BT 375.01 424.35 Td (s ) Tj ET Q q 0 0 0 rg BT 382.19 424.35 Td (then-outstanding ) Tj ET Q q 0 0 0 rg BT 459.02 424.35 Td (Equity ) Tj ET Q q 0 0 0 rg BT 490.62 424.35 Td (A) Tj ET Q q 0 0 0 rg BT 497.55 424.35 Td (wards; ) Tj ET Q q 0 0 0 rg BT 529.78 424.35 Td (and ) Tj ET Q q 0 0 0 rg BT 548.56 424.35 Td (\(ii\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.15 Td (subject ) Tj ET Q q 0 0 0 rg BT 83.65 411.15 Td (to ) Tj ET Q q 0 0 0 rg BT 94.70 411.15 Td (Section ) Tj ET Q q 0 0 0 rg BT 130.19 411.15 Td (6\(d\) ) Tj ET Q q 0 0 0 rg BT 151.00 411.15 Td (below) Tj ET Q q 0 0 0 rg BT 177.17 411.15 Td (, ) Tj ET Q q 0 0 0 rg BT 182.41 411.15 Td (the ) Tj ET Q q 0 0 0 rg BT 198.34 411.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.61 411.15 Td (will ) Tj ET Q q 0 0 0 rg BT 263.22 411.15 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 309.69 411.15 Td (Executive ) Tj ET Q q 0 0 0 rg BT 356.16 411.15 Td (for ) Tj ET Q q 0 0 0 rg BT 371.48 411.15 Td (the ) Tj ET Q q 0 0 0 rg BT 387.41 411.15 Td (payments ) Tj ET Q q 0 0 0 rg BT 432.06 411.15 Td (Executive ) Tj ET Q q 0 0 0 rg BT 478.53 411.15 Td (makes ) Tj ET Q q 0 0 0 rg BT 509.13 411.15 Td (for ) Tj ET Q q 0 0 0 rg BT 524.44 411.15 Td (medical, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 397.95 Td (vision ) Tj ET Q q 0 0 0 rg BT 79.17 397.95 Td (and ) Tj ET Q q 0 0 0 rg BT 97.33 397.95 Td (dental ) Tj ET Q q 0 0 0 rg BT 126.48 397.95 Td (coverage ) Tj ET Q q 0 0 0 rg BT 168.45 397.95 Td (under ) Tj ET Q q 0 0 0 rg BT 195.77 397.95 Td (COBRA) Tj ET Q q 0 0 0 rg BT 233.06 397.95 Td ( ) Tj ET Q q 0 0 0 rg BT 235.34 397.95 Td (during ) Tj ET Q q 0 0 0 rg BT 266.33 397.95 Td (the ) Tj ET Q q 0 0 0 rg BT 282.05 397.95 Td (Severance ) Tj ET Q q 0 0 0 rg BT 329.51 397.95 Td (Period, ) Tj ET Q q 0 0 0 rg BT 363.26 397.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 404.64 397.95 Td (Executive ) Tj ET Q q 0 0 0 rg BT 450.89 397.95 Td (timely ) Tj ET Q q 0 0 0 rg BT 481.27 397.95 Td (elects ) Tj ET Q q 0 0 0 rg BT 508.59 397.95 Td (and ) Tj ET Q q 0 0 0 rg BT 526.75 397.95 Td (pays ) Tj ET Q q 0 0 0 rg BT 549.19 397.95 Td (for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 384.75 Td (COBRA) Tj ET Q q 0 0 0 rg BT 87.29 384.75 Td ( ) Tj ET Q q 0 0 0 rg BT 89.74 384.75 Td (coverage ) Tj ET Q q 0 0 0 rg BT 131.88 384.75 Td (and ) Tj ET Q q 0 0 0 rg BT 150.21 384.75 Td (remains ) Tj ET Q q 0 0 0 rg BT 187.48 384.75 Td (eligible ) Tj ET Q q 0 0 0 rg BT 222.92 384.75 Td (for ) Tj ET Q q 0 0 0 rg BT 238.19 384.75 Td (COBRA) Tj ET Q q 0 0 0 rg BT 275.48 384.75 Td ( ) Tj ET Q q 0 0 0 rg BT 277.93 384.75 Td (continuation ) Tj ET Q q 0 0 0 rg BT 335.37 384.75 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 380.08 384.75 Td (W) Tj ET Q q 0 0 0 rg BT 390.02 384.75 Td (ith ) Tj ET Q q 0 0 0 rg BT 404.08 384.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 437.68 384.75 Td (to ) Tj ET Q q 0 0 0 rg BT 448.68 384.75 Td (Equity ) Tj ET Q q 0 0 0 rg BT 479.92 384.75 Td (A) Tj ET Q q 0 0 0 rg BT 486.85 384.75 Td (wards ) Tj ET Q q 0 0 0 rg BT 515.57 384.75 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.00 384.75 Td (on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 371.55 Td (or ) Tj ET Q q 0 0 0 rg BT 61.84 371.55 Td (after ) Tj ET Q q 0 0 0 rg BT 84.67 371.55 Td (the ) Tj ET Q q 0 0 0 rg BT 100.79 371.55 Td (Ef) Tj ET Q q 0 0 0 rg BT 110.97 371.55 Td (fective ) Tj ET Q q 0 0 0 rg BT 143.58 371.55 Td (Date, ) Tj ET Q q 0 0 0 rg BT 169.77 371.55 Td (the ) Tj ET Q q 0 0 0 rg BT 185.89 371.55 Td (same ) Tj ET Q q 0 0 0 rg BT 211.17 371.55 Td (vesting ) Tj ET Q q 0 0 0 rg BT 245.63 371.55 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 301.43 371.55 Td (provisions ) Tj ET Q q 0 0 0 rg BT 349.95 371.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 391.73 371.55 Td (in ) Tj ET Q q 0 0 0 rg BT 402.97 371.55 Td (the ) Tj ET Q q 0 0 0 rg BT 419.09 371.55 Td (prior ) Tj ET Q q 0 0 0 rg BT 443.15 371.55 Td (sentence ) Tj ET Q q 0 0 0 rg BT 483.69 371.55 Td (will ) Tj ET Q q 0 0 0 rg BT 503.49 371.55 Td (apply ) Tj ET Q q 0 0 0 rg BT 530.61 371.55 Td (to ) Tj ET Q q 0 0 0 rg BT 541.84 371.55 Td (such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.35 Td (Equity ) Tj ET Q q 0 0 0 rg BT 81.94 358.35 Td (A) Tj ET Q q 0 0 0 rg BT 88.87 358.35 Td (wards ) Tj ET Q q 0 0 0 rg BT 118.48 358.35 Td (except ) Tj ET Q q 0 0 0 rg BT 150.53 358.35 Td (to ) Tj ET Q q 0 0 0 rg BT 162.43 358.35 Td (the ) Tj ET Q q 0 0 0 rg BT 179.21 358.35 Td (extent ) Tj ET Q q 0 0 0 rg BT 209.43 358.35 Td (provided ) Tj ET Q q 0 0 0 rg BT 251.88 358.35 Td (in ) Tj ET Q q 0 0 0 rg BT 263.78 358.35 Td (the ) Tj ET Q q 0 0 0 rg BT 280.56 358.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 329.10 358.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 359.94 358.35 Td (award ) Tj ET Q q 0 0 0 rg BT 390.16 358.35 Td (agreement ) Tj ET Q q 0 0 0 rg BT 439.31 358.35 Td (by ) Tj ET Q q 0 0 0 rg BT 453.65 358.35 Td (explicit ) Tj ET Q q 0 0 0 rg BT 489.98 358.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 534.23 358.35 Td (to ) Tj ET Q q 0 0 0 rg BT 546.13 358.35 Td (this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.15 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 101.62 345.15 Td (or ) Tj ET Q q 0 0 0 rg BT 113.53 345.15 Td (to ) Tj ET Q q 0 0 0 rg BT 124.84 345.15 Td (a ) Tj ET Q q 0 0 0 rg BT 132.47 345.15 Td (later ) Tj ET Q q 0 0 0 rg BT 154.76 345.15 Td (employment ) Tj ET Q q 0 0 0 rg BT 212.50 345.15 Td (or ) Tj ET Q q 0 0 0 rg BT 224.41 345.15 Td (other ) Tj ET Q q 0 0 0 rg BT 249.76 345.15 Td (agreement ) Tj ET Q q 0 0 0 rg BT 298.32 345.15 Td (providing ) Tj ET Q q 0 0 0 rg BT 343.84 345.15 Td (for ) Tj ET Q q 0 0 0 rg BT 359.42 345.15 Td (similar ) Tj ET Q q 0 0 0 rg BT 392.72 345.15 Td (vesting ) Tj ET Q q 0 0 0 rg BT 427.24 345.15 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 483.12 345.15 Td (provisions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 318.45 Td (\(c\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 316.98369140625 m 559.24462890625 316.98369140625 l s q 0 0 0 rg BT 158.00 318.45 Td (T) Tj ET Q q 0 0 0 rg BT 163.95 318.45 Td (ermination ) Tj ET Q q 0 0 0 rg BT 213.79 318.45 Td (W) Tj ET Q q 0 0 0 rg BT 223.73 318.45 Td (ithout ) Tj ET Q q 0 0 0 rg BT 251.76 318.45 Td (Cause ) Tj ET Q q 0 0 0 rg BT 281.00 318.45 Td (or ) Tj ET Q q 0 0 0 rg BT 292.51 318.45 Td (Resignation ) Tj ET Q q 0 0 0 rg BT 347.42 318.45 Td (for ) Tj ET Q q 0 0 0 rg BT 362.60 318.45 Td (Good ) Tj ET Q q 0 0 0 rg BT 389.40 318.45 Td (Reason ) Tj ET Q q 0 0 0 rg BT 424.14 318.45 Td (on ) Tj ET Q q 0 0 0 rg BT 437.50 318.45 Td (or ) Tj ET Q q 0 0 0 rg BT 449.02 318.45 Td (after ) Tj ET Q q 0 0 0 rg BT 471.52 318.45 Td (a ) Tj ET Q q 0 0 0 rg BT 478.76 318.45 Td (Change ) Tj ET Q q 0 0 0 rg BT 514.72 318.45 Td (in ) Tj ET Q q 0 0 0 rg BT 525.63 318.45 Td (Control) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 559.24 318.45 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (If ) Tj ET Q q 0 0 0 rg BT 60.92 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.96 305.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.33 305.25 Td (terminates ) Tj ET Q q 0 0 0 rg BT 173.74 305.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 220.77 305.25 Td (s ) Tj ET Q q 0 0 0 rg BT 228.65 305.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 287.24 305.25 Td (with ) Tj ET Q q 0 0 0 rg BT 310.39 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.42 305.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.80 305.25 Td (for ) Tj ET Q q 0 0 0 rg BT 390.22 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.70 305.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 431.00 305.25 Td (other ) Tj ET Q q 0 0 0 rg BT 457.20 305.25 Td (than ) Tj ET Q q 0 0 0 rg BT 479.73 305.25 Td (Cause ) Tj ET Q q 0 0 0 rg BT 510.21 305.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 533.35 305.25 Td (not ) Tj ET Q q 0 0 0 rg BT 551.01 305.25 Td (by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.05 Td (reason ) Tj ET Q q 0 0 0 rg BT 80.66 292.05 Td (of ) Tj ET Q q 0 0 0 rg BT 91.77 292.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 138.81 292.05 Td (s ) Tj ET Q q 0 0 0 rg BT 145.04 292.05 Td (death ) Tj ET Q q 0 0 0 rg BT 170.81 292.05 Td (or ) Tj ET Q q 0 0 0 rg BT 181.92 292.05 Td (Disability\), ) Tj ET Q q 0 0 0 rg BT 233.67 292.05 Td (or ) Tj ET Q q 0 0 0 rg BT 244.78 292.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 290.71 292.05 Td (resigns ) Tj ET Q q 0 0 0 rg BT 323.82 292.05 Td (from ) Tj ET Q q 0 0 0 rg BT 347.16 292.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 404.09 292.05 Td (with ) Tj ET Q q 0 0 0 rg BT 425.60 292.05 Td (the ) Tj ET Q q 0 0 0 rg BT 440.99 292.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 485.71 292.05 Td (for ) Tj ET Q q 0 0 0 rg BT 500.49 292.05 Td (Good ) Tj ET Q q 0 0 0 rg BT 526.88 292.05 Td (Reason, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 278.85 Td (and ) Tj ET Q q 0 0 0 rg BT 67.69 278.85 Td (in ) Tj ET Q q 0 0 0 rg BT 78.06 278.85 Td (each ) Tj ET Q q 0 0 0 rg BT 100.02 278.85 Td (case, ) Tj ET Q q 0 0 0 rg BT 123.51 278.85 Td (such ) Tj ET Q q 0 0 0 rg BT 145.48 278.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 198.00 278.85 Td (occurs ) Tj ET Q q 0 0 0 rg BT 228.52 278.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 252.34 278.85 Td (or ) Tj ET Q q 0 0 0 rg BT 263.31 278.85 Td (after ) Tj ET Q q 0 0 0 rg BT 285.27 278.85 Td (a ) Tj ET Q q 0 0 0 rg BT 291.96 278.85 Td (Change ) Tj ET Q q 0 0 0 rg BT 327.38 278.85 Td (in ) Tj ET Q q 0 0 0 rg BT 337.74 278.85 Td (Control, ) Tj ET Q q 0 0 0 rg BT 375.92 278.85 Td (then ) Tj ET Q q 0 0 0 rg BT 396.67 278.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 429.64 278.85 Td (to ) Tj ET Q q 0 0 0 rg BT 440.00 278.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 474.81 278.85 Td (8 ) Tj ET Q q 0 0 0 rg BT 482.12 278.85 Td (of ) Tj ET Q q 0 0 0 rg BT 493.10 278.85 Td (this ) Tj ET Q q 0 0 0 rg BT 510.40 278.85 Td (Agreement, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 265.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 95.97 265.65 Td (will ) Tj ET Q q 0 0 0 rg BT 115.08 265.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 148.82 265.65 Td (as ) Tj ET Q q 0 0 0 rg BT 159.98 265.65 Td (severance ) Tj ET Q q 0 0 0 rg BT 205.33 265.65 Td (from ) Tj ET Q q 0 0 0 rg BT 228.71 265.65 Td (the ) Tj ET Q q 0 0 0 rg BT 244.14 265.65 Td (Company: ) Tj ET Q q 0 0 0 rg BT 291.96 265.65 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 304.34 265.65 Td (continuing ) Tj ET Q q 0 0 0 rg BT 353.38 265.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 397.54 265.65 Td (of ) Tj ET Q q 0 0 0 rg BT 408.69 265.65 Td (Executive) Tj ET Q q 0 0 0 rg BT 455.73 265.65 Td (s ) Tj ET Q q 0 0 0 rg BT 462.00 265.65 Td (Base ) Tj ET Q q 0 0 0 rg BT 485.38 265.65 Td (Salary ) Tj ET Q q 0 0 0 rg BT 515.48 265.65 Td (as ) Tj ET Q q 0 0 0 rg BT 526.63 265.65 Td (in ) Tj ET Q q 0 0 0 rg BT 537.18 265.65 Td (ef) Tj ET Q q 0 0 0 rg BT 545.53 265.65 Td (fect ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 252.45 Td (on ) Tj ET Q q 0 0 0 rg BT 63.31 252.45 Td (the ) Tj ET Q q 0 0 0 rg BT 79.05 252.45 Td (date ) Tj ET Q q 0 0 0 rg BT 99.68 252.45 Td (of ) Tj ET Q q 0 0 0 rg BT 111.15 252.45 Td (Executive) Tj ET Q q 0 0 0 rg BT 158.18 252.45 Td (s ) Tj ET Q q 0 0 0 rg BT 164.77 252.45 Td (termination, ) Tj ET Q q 0 0 0 rg BT 220.53 252.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 257.04 252.45 Td (in ) Tj ET Q q 0 0 0 rg BT 267.90 252.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 319.66 252.45 Td (with ) Tj ET Q q 0 0 0 rg BT 341.53 252.45 Td (the ) Tj ET Q q 0 0 0 rg BT 357.27 252.45 Td (Company) Tj ET Q q 0 0 0 rg BT 403.10 252.45 Td (s ) Tj ET Q q 0 0 0 rg BT 409.69 252.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 449.26 252.45 Td (payroll ) Tj ET Q q 0 0 0 rg BT 482.72 252.45 Td (procedures ) Tj ET Q q 0 0 0 rg BT 533.28 252.45 Td (during ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 66.60 239.25 Td (Severance ) Tj ET Q q 0 0 0 rg BT 114.95 239.25 Td (Period; ) Tj ET Q q 0 0 0 rg BT 149.88 239.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 166.48 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.07 239.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 232.66 239.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 267.59 239.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.92 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.63 239.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 320.45 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.77 239.25 Td (each ) Tj ET Q q 0 0 0 rg BT 356.08 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.40 239.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 415.43 239.25 Td (s ) Tj ET Q q 0 0 0 rg BT 422.87 239.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 477.36 239.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 509.15 239.25 Td (A) Tj ET Q q 0 0 0 rg BT 516.09 239.25 Td (wards ) Tj ET Q q 0 0 0 rg BT 545.52 239.25 Td (that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 226.05 Td (both ) Tj ET Q q 0 0 0 rg BT 71.91 226.05 Td (are ) Tj ET Q q 0 0 0 rg BT 87.69 226.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 141.37 226.05 Td (as ) Tj ET Q q 0 0 0 rg BT 152.88 226.05 Td (of ) Tj ET Q q 0 0 0 rg BT 164.40 226.05 Td (the ) Tj ET Q q 0 0 0 rg BT 180.19 226.05 Td (date ) Tj ET Q q 0 0 0 rg BT 200.86 226.05 Td (of ) Tj ET Q q 0 0 0 rg BT 212.37 226.05 Td (the ) Tj ET Q q 0 0 0 rg BT 228.16 226.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 281.22 226.05 Td (of ) Tj ET Q q 0 0 0 rg BT 292.74 226.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 339.77 226.05 Td (s ) Tj ET Q q 0 0 0 rg BT 346.40 226.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 403.74 226.05 Td (and ) Tj ET Q q 0 0 0 rg BT 421.98 226.05 Td (were ) Tj ET Q q 0 0 0 rg BT 445.70 226.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 481.03 226.05 Td (at ) Tj ET Q q 0 0 0 rg BT 491.32 226.05 Td (least ) Tj ET Q q 0 0 0 rg BT 513.83 226.05 Td (ninety ) Tj ET Q q 0 0 0 rg BT 543.68 226.05 Td (\(90\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 212.85 Td (days ) Tj ET Q q 0 0 0 rg BT 73.21 212.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 97.63 212.85 Td (to ) Tj ET Q q 0 0 0 rg BT 109.23 212.85 Td (the ) Tj ET Q q 0 0 0 rg BT 125.72 212.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 173.96 212.85 Td (Change ) Tj ET Q q 0 0 0 rg BT 210.60 212.85 Td (in ) Tj ET Q q 0 0 0 rg BT 222.20 212.85 Td (Control; ) Tj ET Q q 0 0 0 rg BT 261.92 212.85 Td (and ) Tj ET Q q 0 0 0 rg BT 280.84 212.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 300.38 212.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.58 212.85 Td (to ) Tj ET Q q 0 0 0 rg BT 346.18 212.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 382.22 212.85 Td (6\(d\) ) Tj ET Q q 0 0 0 rg BT 403.59 212.85 Td (below) Tj ET Q q 0 0 0 rg BT 429.76 212.85 Td (, ) Tj ET Q q 0 0 0 rg BT 435.55 212.85 Td (the ) Tj ET Q q 0 0 0 rg BT 452.04 212.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 497.85 212.85 Td (will ) Tj ET Q q 0 0 0 rg BT 518.01 212.85 Td (reimburse ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 199.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 98.20 199.65 Td (for ) Tj ET Q q 0 0 0 rg BT 115.24 199.65 Td (the ) Tj ET Q q 0 0 0 rg BT 132.90 199.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 179.28 199.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 227.48 199.65 Td (makes ) Tj ET Q q 0 0 0 rg BT 259.80 199.65 Td (for ) Tj ET Q q 0 0 0 rg BT 276.84 199.65 Td (medical, ) Tj ET Q q 0 0 0 rg BT 318.63 199.65 Td (vision ) Tj ET Q q 0 0 0 rg BT 349.74 199.65 Td (and ) Tj ET Q q 0 0 0 rg BT 369.84 199.65 Td (dental ) Tj ET Q q 0 0 0 rg BT 400.94 199.65 Td (coverage ) Tj ET Q q 0 0 0 rg BT 444.85 199.65 Td (under ) Tj ET Q q 0 0 0 rg BT 474.11 199.65 Td (COBRA) Tj ET Q q 0 0 0 rg BT 511.40 199.65 Td ( ) Tj ET Q q 0 0 0 rg BT 515.62 199.65 Td (during ) Tj ET Q q 0 0 0 rg BT 548.56 199.65 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 186.45 Td (Severance ) Tj ET Q q 0 0 0 rg BT 98.58 186.45 Td (Period ) Tj ET Q q 0 0 0 rg BT 130.69 186.45 Td (or ) Tj ET Q q 0 0 0 rg BT 143.24 186.45 Td (until ) Tj ET Q q 0 0 0 rg BT 166.79 186.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 214.16 186.45 Td (has ) Tj ET Q q 0 0 0 rg BT 232.21 186.45 Td (secured ) Tj ET Q q 0 0 0 rg BT 269.19 186.45 Td (other ) Tj ET Q q 0 0 0 rg BT 295.18 186.45 Td (employment ) Tj ET Q q 0 0 0 rg BT 353.56 186.45 Td (that ) Tj ET Q q 0 0 0 rg BT 373.44 186.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 414.71 186.45 Td (group ) Tj ET Q q 0 0 0 rg BT 443.76 186.45 Td (health ) Tj ET Q q 0 0 0 rg BT 474.02 186.45 Td (insurance ) Tj ET Q q 0 0 0 rg BT 519.56 186.45 Td (coverage, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (whichever ) Tj ET Q q 0 0 0 rg BT 99.70 173.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 132.31 173.25 Td (first, ) Tj ET Q q 0 0 0 rg BT 156.67 173.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 199.67 173.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 247.54 173.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 279.54 173.25 Td (elects ) Tj ET Q q 0 0 0 rg BT 308.47 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.25 173.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 352.31 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 369.03 173.25 Td (COBRA) Tj ET Q q 0 0 0 rg BT 406.32 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.21 173.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 453.80 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.58 173.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 512.29 173.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 549.17 173.25 Td (for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 160.05 Td (COBRA) Tj ET Q q 0 0 0 rg BT 87.29 160.05 Td ( ) Tj ET Q q 0 0 0 rg BT 89.41 160.05 Td (continuation ) Tj ET Q q 0 0 0 rg BT 146.51 160.05 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 190.91 160.05 Td (W) Tj ET Q q 0 0 0 rg BT 200.85 160.05 Td (ith ) Tj ET Q q 0 0 0 rg BT 214.58 160.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 247.84 160.05 Td (to ) Tj ET Q q 0 0 0 rg BT 258.51 160.05 Td (Equity ) Tj ET Q q 0 0 0 rg BT 289.49 160.05 Td (A) Tj ET Q q 0 0 0 rg BT 296.42 160.05 Td (wards ) Tj ET Q q 0 0 0 rg BT 324.81 160.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 359.90 160.05 Td (on ) Tj ET Q q 0 0 0 rg BT 373.02 160.05 Td (or ) Tj ET Q q 0 0 0 rg BT 384.29 160.05 Td (after ) Tj ET Q q 0 0 0 rg BT 406.56 160.05 Td (the ) Tj ET Q q 0 0 0 rg BT 422.11 160.05 Td (Ef) Tj ET Q q 0 0 0 rg BT 432.29 160.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 464.33 160.05 Td (Date, ) Tj ET Q q 0 0 0 rg BT 489.96 160.05 Td (the ) Tj ET Q q 0 0 0 rg BT 505.51 160.05 Td (same ) Tj ET Q q 0 0 0 rg BT 530.22 160.05 Td (vesting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 146.85 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 105.70 146.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 154.11 146.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 195.79 146.85 Td (in ) Tj ET Q q 0 0 0 rg BT 206.92 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 222.94 146.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 246.90 146.85 Td (sentence ) Tj ET Q q 0 0 0 rg BT 287.34 146.85 Td (will ) Tj ET Q q 0 0 0 rg BT 307.02 146.85 Td (apply ) Tj ET Q q 0 0 0 rg BT 334.04 146.85 Td (to ) Tj ET Q q 0 0 0 rg BT 345.17 146.85 Td (such ) Tj ET Q q 0 0 0 rg BT 367.91 146.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 399.25 146.85 Td (A) Tj ET Q q 0 0 0 rg BT 406.18 146.85 Td (wards ) Tj ET Q q 0 0 0 rg BT 435.03 146.85 Td (except ) Tj ET Q q 0 0 0 rg BT 466.31 146.85 Td (to ) Tj ET Q q 0 0 0 rg BT 477.44 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 493.45 146.85 Td (extent ) Tj ET Q q 0 0 0 rg BT 522.91 146.85 Td (provided ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 133.65 Td (in ) Tj ET Q q 0 0 0 rg BT 61.79 133.65 Td (the ) Tj ET Q q 0 0 0 rg BT 78.47 133.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 126.90 133.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 157.63 133.65 Td (award ) Tj ET Q q 0 0 0 rg BT 187.74 133.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 236.78 133.65 Td (by ) Tj ET Q q 0 0 0 rg BT 251.02 133.65 Td (explicit ) Tj ET Q q 0 0 0 rg BT 287.24 133.65 Td (reference ) Tj ET Q q 0 0 0 rg BT 331.38 133.65 Td (to ) Tj ET Q q 0 0 0 rg BT 343.17 133.65 Td (this ) Tj ET Q q 0 0 0 rg BT 361.59 133.65 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.69 133.65 Td (or ) Tj ET Q q 0 0 0 rg BT 426.09 133.65 Td (to ) Tj ET Q q 0 0 0 rg BT 437.88 133.65 Td (a ) Tj ET Q q 0 0 0 rg BT 446.00 133.65 Td (later ) Tj ET Q q 0 0 0 rg BT 468.78 133.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 527.00 133.65 Td (or ) Tj ET Q q 0 0 0 rg BT 539.40 133.65 Td (other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 120.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 98.55 120.45 Td (providing ) Tj ET Q q 0 0 0 rg BT 144.08 120.45 Td (for ) Tj ET Q q 0 0 0 rg BT 159.66 120.45 Td (similar ) Tj ET Q q 0 0 0 rg BT 192.96 120.45 Td (vesting ) Tj ET Q q 0 0 0 rg BT 227.48 120.45 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 283.36 120.45 Td (provisions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 93.70 Td (\(d\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 92.23369140625005 m 234.755859375 92.23369140625005 l s q 0 0 0 rg BT 158.00 93.70 Td (COBRA) Tj ET Q q 0 0 0 rg BT 195.29 93.70 Td ( ) Tj ET Q q 0 0 0 rg BT 198.10 93.70 Td (Benefits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.76 93.70 Td (. ) Tj ET Q q 0 0 0 rg BT 239.69 93.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 261.44 93.70 Td (COBRA) Tj ET Q q 0 0 0 rg BT 298.73 93.70 Td ( ) Tj ET Q q 0 0 0 rg BT 301.54 93.70 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 374.61 93.70 Td (under ) Tj ET Q q 0 0 0 rg BT 402.46 93.70 Td (this ) Tj ET Q q 0 0 0 rg BT 420.54 93.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 472.21 93.70 Td (will ) Tj ET Q q 0 0 0 rg BT 492.13 93.70 Td ( ) Tj ET Q q 0 0 0 rg BT 494.94 93.70 Td (be ) Tj ET Q q 0 0 0 rg BT 508.13 93.70 Td (made ) Tj ET Q q 0 0 0 rg BT 534.75 93.70 Td (by ) Tj ET Q q 0 0 0 rg BT 548.56 93.70 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 80.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.92 80.50 Td (to ) Tj ET Q q 0 0 0 rg BT 105.63 80.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 151.76 80.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 197.90 80.50 Td (with ) Tj ET Q q 0 0 0 rg BT 219.60 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.19 80.50 Td (Company) Tj ET Q q 0 0 0 rg BT 281.02 80.50 Td (s ) Tj ET Q q 0 0 0 rg BT 287.45 80.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 320.76 80.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 358.33 80.50 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 426.46 80.50 Td (policy) Tj ET Q q 0 0 0 rg BT 453.24 80.50 Td (, ) Tj ET Q q 0 0 0 rg BT 458.14 80.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 499.39 80.50 Td (that ) Tj ET Q q 0 0 0 rg BT 518.03 80.50 Td (Executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 67.30 Td (submits ) Tj ET Q q 0 0 0 rg BT 86.62 67.30 Td (documentation ) Tj ET Q q 0 0 0 rg BT 154.37 67.30 Td (to ) Tj ET Q q 0 0 0 rg BT 165.32 67.30 Td (the ) Tj ET Q q 0 0 0 rg BT 181.14 67.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.30 67.30 Td (substantiating ) Tj ET Q q 0 0 0 rg BT 289.80 67.30 Td (his ) Tj ET Q q 0 0 0 rg BT 305.02 67.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 349.56 67.30 Td (for ) Tj ET Q q 0 0 0 rg BT 364.78 67.30 Td (COBRA) Tj ET Q q 0 0 0 rg BT 402.07 67.30 Td ( ) Tj ET Q q 0 0 0 rg BT 404.45 67.30 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 449.28 67.30 Td (However) Tj ET Q q 0 0 0 rg BT 489.16 67.30 Td (, ) Tj ET Q q 0 0 0 rg BT 494.29 67.30 Td (if ) Tj ET Q q 0 0 0 rg BT 503.40 67.30 Td (the ) Tj ET Q q 0 0 0 rg BT 519.22 67.30 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 99.66 54.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.63 54.10 Td (its ) Tj ET Q q 0 0 0 rg BT 121.42 54.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 140.55 54.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 185.33 54.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.23 54.10 Td (it ) Tj ET Q q 0 0 0 rg BT 210.75 54.10 Td (cannot, ) Tj ET Q q 0 0 0 rg BT 244.22 54.10 Td (without ) Tj ET Q q 0 0 0 rg BT 279.24 54.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 327.69 54.10 Td (violating ) Tj ET Q q 0 0 0 rg BT 368.20 54.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 414.80 54.10 Td (law ) Tj ET Q q 0 0 0 rg BT 432.09 54.10 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 481.46 54.10 Td (without ) Tj ET Q q 0 0 0 rg BT 516.48 54.10 Td (limitation, ) Tj ET Q endstream endobj 247 0 obj <> endobj 248 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 85.65 741.40 Td (2716 ) Tj ET Q q 0 0 0 rg BT 110.30 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 122.11 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.20 741.40 Td (Public ) Tj ET Q q 0 0 0 rg BT 168.97 741.40 Td (Health ) Tj ET Q q 0 0 0 rg BT 200.94 741.40 Td (Service ) Tj ET Q q 0 0 0 rg BT 235.99 741.40 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 260.94 741.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 297.19 741.40 Td (any ) Tj ET Q q 0 0 0 rg BT 315.73 741.40 Td (COBRA) Tj ET Q q 0 0 0 rg BT 353.02 741.40 Td ( ) Tj ET Q q 0 0 0 rg BT 355.67 741.40 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 428.58 741.40 Td (or ) Tj ET Q q 0 0 0 rg BT 440.40 741.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 468.09 741.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 512.90 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 524.71 741.40 Td (COBRA) Tj ET Q q 0 0 0 rg BT 562.00 741.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (premiums ) Tj ET Q q 0 0 0 rg BT 96.52 728.20 Td (under ) Tj ET Q q 0 0 0 rg BT 124.09 728.20 Td (this ) Tj ET Q q 0 0 0 rg BT 141.96 728.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 193.35 728.20 Td (\(either) Tj ET Q q 0 0 0 rg BT 221.61 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 226.89 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 242.86 728.20 Td (COBRA) Tj ET Q q 0 0 0 rg BT 285.03 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 287.56 728.20 Td (Benefits\) ) Tj ET Q q 0 0 0 rg BT 335.29 728.20 Td (that ) Tj ET Q q 0 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360.90 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 376.52 701.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 421.48 701.80 Td (will, ) Tj ET Q q 0 0 0 rg BT 443.52 701.80 Td (in ) Tj ET Q q 0 0 0 rg BT 454.27 701.80 Td (lieu ) Tj ET Q q 0 0 0 rg BT 472.94 701.80 Td (of ) Tj ET Q q 0 0 0 rg BT 484.29 701.80 Td (any ) Tj ET Q q 0 0 0 rg BT 502.36 701.80 Td (such ) Tj ET Q q 0 0 0 rg BT 524.71 701.80 Td (COBRA) Tj ET Q q 0 0 0 rg BT 562.00 701.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 89.60 688.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.10 688.60 Td (which ) Tj ET Q q 0 0 0 rg BT 130.92 688.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 177.84 688.60 Td (is ) Tj ET Q q 0 0 0 rg BT 188.12 688.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 224.05 688.60 Td (under ) Tj ET Q q 0 0 0 rg BT 252.04 688.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 287.98 688.60 Td (6\(a\) ) Tj ET Q q 0 0 0 rg BT 308.63 688.60 Td (or ) Tj ET Q q 0 0 0 rg BT 320.73 688.60 Td (Section ) Tj ET Q 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ET Q q 0 0 0 rg BT 352.32 675.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 388.18 675.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 414.87 675.40 Td (to ) Tj ET Q q 0 0 0 rg BT 426.29 675.40 Td (the ) Tj ET Q q 0 0 0 rg BT 442.60 675.40 Td (monthly ) Tj ET Q q 0 0 0 rg BT 482.13 675.40 Td (COBRA) Tj ET Q q 0 0 0 rg BT 519.43 675.40 Td ( ) Tj ET Q q 0 0 0 rg BT 522.29 675.40 Td (premium ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (that ) Tj ET Q q 0 0 0 rg BT 68.68 662.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 114.85 662.20 Td (would ) Tj ET Q q 0 0 0 rg BT 144.54 662.20 Td (be ) Tj ET Q q 0 0 0 rg BT 157.11 662.20 Td (required ) Tj ET Q q 0 0 0 rg BT 195.95 662.20 Td (to ) Tj ET Q q 0 0 0 rg BT 206.69 662.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 224.76 662.20 Td (to ) Tj ET Q q 0 0 0 rg BT 235.51 662.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 275.57 662.20 Td (his ) Tj ET Q q 0 0 0 rg BT 290.60 662.20 Td (group ) Tj ET Q q 0 0 0 rg BT 318.45 662.20 Td (health ) Tj ET Q q 0 0 0 rg BT 347.52 662.20 Td (coverage ) Tj ET Q q 0 0 0 rg BT 389.40 662.20 Td (at ) Tj ET Q q 0 0 0 rg BT 399.53 662.20 Td (coverage ) Tj ET Q q 0 0 0 rg BT 441.41 662.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 469.26 662.20 Td (in ) Tj ET Q q 0 0 0 rg BT 480.00 662.20 Td (ef) Tj ET Q q 0 0 0 rg BT 488.35 662.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 507.02 662.20 Td (immediately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 73.33 649.00 Td (to ) Tj ET Q q 0 0 0 rg BT 83.84 649.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 130.88 649.00 Td (s ) Tj ET Q q 0 0 0 rg BT 137.11 649.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 189.77 649.00 Td (\(which ) Tj ET Q q 0 0 0 rg BT 222.27 649.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.22 649.00 Td (will ) Tj ET Q q 0 0 0 rg BT 276.28 649.00 Td (be ) Tj ET Q q 0 0 0 rg BT 288.62 649.00 Td (based ) Tj ET Q q 0 0 0 rg BT 315.62 649.00 Td (on ) Tj ET Q q 0 0 0 rg BT 328.57 649.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.96 649.00 Td (premium ) Tj ET Q q 0 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(continuation ) Tj ET Q q 0 0 0 rg BT 445.28 635.80 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 489.31 635.80 Td (At ) Tj ET Q q 0 0 0 rg BT 502.35 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.82 635.80 Td (same ) Tj ET Q q 0 0 0 rg BT 542.46 635.80 Td (time ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (each ) Tj ET Q q 0 0 0 rg BT 74.23 622.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 114.98 622.60 Td (Healthcare ) Tj ET Q q 0 0 0 rg BT 166.69 622.60 Td (Premium ) Tj ET Q q 0 0 0 rg BT 211.10 622.60 Td (Payment ) Tj ET Q q 0 0 0 rg BT 253.68 622.60 Td (\(if ) Tj ET Q q 0 0 0 rg BT 268.14 622.60 Td (any ) Tj ET Q q 0 0 0 rg BT 288.10 622.60 Td (is ) Tj ET Q q 0 0 0 rg BT 299.52 622.60 Td (due\) ) Tj ET Q q 0 0 0 rg BT 323.14 622.60 Td (is ) Tj ET Q q 0 0 0 rg BT 334.56 622.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 357.58 622.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.22 622.60 Td (Executive, ) Tj ET Q q 0 0 0 rg BT 421.03 622.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.55 622.60 Td (Company ) Tj ET Q 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rg BT 240.85 556.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.04 556.60 Td (under ) Tj ET Q q 0 0 0 rg BT 288.39 556.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.13 556.60 Td (same ) Tj ET Q q 0 0 0 rg BT 331.04 556.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 358.79 556.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.98 556.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 429.87 556.60 Td (COBRA) Tj ET Q q 0 0 0 rg BT 467.16 556.60 Td ( ) Tj ET Q q 0 0 0 rg BT 470.46 556.60 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 510.43 556.60 Td (would ) Tj ET Q q 0 0 0 rg BT 541.24 556.60 Td (have ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (ceased ) Tj ET Q q 0 0 0 rg BT 81.57 543.40 Td (under ) Tj ET Q q 0 0 0 rg BT 108.88 543.40 Td (this ) Tj ET Q q 0 0 0 rg BT 127.03 543.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 162.29 543.40 Td (6. ) Tj ET Q q 0 0 0 rg BT 172.80 543.40 Td (For ) Tj ET Q q 0 0 0 rg BT 190.34 543.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.04 543.40 Td (avoidance ) Tj ET Q q 0 0 0 rg BT 252.89 543.40 Td (of ) Tj ET Q q 0 0 0 rg BT 264.31 543.40 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 294.38 543.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.08 543.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 344.10 543.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 388.52 543.40 Td (in ) Tj ET Q q 0 0 0 rg BT 399.34 543.40 Td (lieu ) Tj ET Q q 0 0 0 rg BT 418.09 543.40 Td (of ) Tj ET Q q 0 0 0 rg BT 429.52 543.40 Td (COBRA) Tj ET Q q 0 0 0 rg BT 466.81 543.40 Td ( ) Tj ET Q q 0 0 0 rg BT 469.07 543.40 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 507.99 543.40 Td (may ) Tj ET Q q 0 0 0 rg BT 529.19 543.40 Td (be ) Tj ET Q q 0 0 0 rg BT 541.83 543.40 Td (used ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (for ) Tj ET Q q 0 0 0 rg BT 64.56 530.20 Td (any ) Tj ET Q q 0 0 0 rg BT 82.17 530.20 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 121.48 530.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 167.52 530.20 Td (but ) Tj ET Q q 0 0 0 rg BT 183.30 530.20 Td (not ) Tj ET Q q 0 0 0 rg BT 199.09 530.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 231.99 530.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 245.03 530.20 Td (continuation ) Tj ET Q q 0 0 0 rg BT 301.75 530.20 Td (coverage ) Tj ET Q q 0 0 0 rg BT 343.17 530.20 Td (under ) Tj ET Q q 0 0 0 rg BT 369.95 530.20 Td (COBRA, ) Tj ET Q q 0 0 0 rg BT 412.33 530.20 Td (and ) Tj ET Q q 0 0 0 rg BT 429.95 530.20 Td (will ) Tj ET Q q 0 0 0 rg BT 448.79 530.20 Td (be ) Tj ET Q q 0 0 0 rg BT 460.91 530.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 493.80 530.20 Td (to ) Tj ET Q q 0 0 0 rg BT 504.08 530.20 Td (all ) Tj ET Q q 0 0 0 rg BT 516.81 530.20 Td (applicable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (withholdings. ) Tj ET Q q 0 0 0 rg BT 112.51 517.00 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 188.16 517.00 Td (anything ) Tj ET Q q 0 0 0 rg BT 228.97 517.00 Td (to ) Tj ET Q q 0 0 0 rg BT 239.84 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.59 517.00 Td (contrary ) Tj ET Q q 0 0 0 rg BT 294.56 517.00 Td (under ) Tj ET Q q 0 0 0 rg BT 321.92 517.00 Td (this ) Tj ET Q q 0 0 0 rg BT 339.61 517.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 393.55 517.00 Td (if ) Tj ET Q q 0 0 0 rg BT 402.58 517.00 Td (at ) Tj ET Q q 0 0 0 rg BT 412.83 517.00 Td (any ) Tj ET Q q 0 0 0 rg BT 431.03 517.00 Td (time ) Tj ET Q q 0 0 0 rg BT 452.90 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 468.65 517.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.74 517.00 Td (determines ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 503.80 Td (in ) Tj ET Q q 0 0 0 rg BT 61.88 503.80 Td (its ) Tj ET Q q 0 0 0 rg BT 75.60 503.80 Td (sole ) Tj ET Q q 0 0 0 rg BT 96.64 503.80 Td (discretion ) Tj ET Q q 0 0 0 rg BT 143.34 503.80 Td (that ) Tj ET Q q 0 0 0 rg BT 163.16 503.80 Td (it ) Tj ET Q q 0 0 0 rg BT 172.60 503.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 205.25 503.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 242.17 503.80 Td (the ) Tj ET Q q 0 0 0 rg BT 258.94 503.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 304.42 503.80 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 367.00 503.80 Td (by ) Tj ET Q q 0 0 0 rg BT 381.32 503.80 Td (the ) Tj ET Q q 0 0 0 rg BT 398.08 503.80 Td (preceding ) Tj ET Q q 0 0 0 rg BT 444.78 503.80 Td (sentence ) Tj ET Q q 0 0 0 rg BT 485.97 503.80 Td (without ) Tj ET Q q 0 0 0 rg BT 522.90 503.80 Td (violating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 490.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 96.88 490.60 Td (law ) Tj ET Q q 0 0 0 rg BT 114.45 490.60 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 164.10 490.60 Td (without ) Tj ET Q q 0 0 0 rg BT 199.40 490.60 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 246.61 490.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 281.30 490.60 Td (2716 ) Tj ET Q q 0 0 0 rg BT 304.98 490.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.83 490.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.96 490.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 360.76 490.60 Td (Health ) Tj ET Q q 0 0 0 rg BT 391.76 490.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 426.06 490.60 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 450.04 490.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 495.71 490.60 Td (will ) Tj ET Q q 0 0 0 rg BT 514.51 490.60 Td (not ) Tj ET Q q 0 0 0 rg BT 530.25 490.60 Td (receive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.40 Td (such ) Tj ET Q q 0 0 0 rg BT 72.91 477.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 113.54 477.40 Td (or ) Tj ET Q q 0 0 0 rg BT 125.45 477.40 Td (any ) Tj ET Q q 0 0 0 rg BT 144.09 477.40 Td (further ) Tj ET Q q 0 0 0 rg BT 176.76 477.40 Td (COBRA) Tj ET Q q 0 0 0 rg BT 214.05 477.40 Td ( ) Tj ET Q q 0 0 0 rg BT 216.80 477.40 Td (Benefits.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 450.70 Td (\(e\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 449.23369140625 m 357.91943359375 449.23369140625 l s q 0 0 0 rg BT 158.00 450.70 Td (V) Tj ET Q q 0 0 0 rg BT 164.53 450.70 Td (oluntary ) Tj ET Q q 0 0 0 rg BT 203.17 450.70 Td (Resignation; ) Tj ET Q q 0 0 0 rg BT 260.63 450.70 Td (T) Tj ET Q q 0 0 0 rg BT 266.58 450.70 Td (ermination ) Tj ET Q q 0 0 0 rg BT 316.22 450.70 Td (for ) Tj ET Q q 0 0 0 rg BT 331.04 450.70 Td (Cause) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 357.92 450.70 Td (. ) Tj ET Q q 0 0 0 rg BT 362.66 450.70 Td (If ) Tj ET Q q 0 0 0 rg BT 371.98 450.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 419.01 450.70 Td (s ) Tj ET Q q 0 0 0 rg BT 425.28 450.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 482.26 450.70 Td (with ) Tj ET Q q 0 0 0 rg BT 503.81 450.70 Td (the ) Tj ET Q q 0 0 0 rg BT 519.24 450.70 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 437.50 Td (terminates ) Tj ET Q q 0 0 0 rg BT 100.02 437.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 114.61 437.50 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 167.09 437.50 Td (by ) Tj ET Q q 0 0 0 rg BT 182.30 437.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 230.49 437.50 Td (\(other ) Tj ET Q q 0 0 0 rg BT 260.96 437.50 Td (than ) Tj ET Q q 0 0 0 rg BT 284.11 437.50 Td (for ) Tj ET Q q 0 0 0 rg BT 301.14 437.50 Td (Good ) Tj ET Q q 0 0 0 rg BT 329.79 437.50 Td (Reason ) Tj ET Q q 0 0 0 rg BT 366.38 437.50 Td (and ) Tj ET Q q 0 0 0 rg BT 386.47 437.50 Td (other ) Tj ET Q q 0 0 0 rg BT 413.28 437.50 Td (than ) Tj ET Q q 0 0 0 rg BT 436.43 437.50 Td (due ) Tj ET Q q 0 0 0 rg BT 456.52 437.50 Td (to ) Tj ET Q q 0 0 0 rg BT 469.28 437.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 516.32 437.50 Td (s ) Tj ET Q q 0 0 0 rg BT 524.81 437.50 Td (death ) Tj ET Q q 0 0 0 rg BT 552.83 437.50 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.30 Td (Disability\), ) Tj ET Q q 0 0 0 rg BT 102.06 424.30 Td (or ) Tj ET Q q 0 0 0 rg BT 113.48 424.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 129.18 424.30 Td (for ) Tj ET Q q 0 0 0 rg BT 144.27 424.30 Td (Cause ) Tj ET Q q 0 0 0 rg BT 173.41 424.30 Td (by ) Tj ET Q q 0 0 0 rg BT 186.67 424.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.37 424.30 Td (Company) Tj ET Q q 0 0 0 rg BT 244.43 424.30 Td (, ) Tj ET Q q 0 0 0 rg BT 249.44 424.30 Td (then ) Tj ET Q q 0 0 0 rg BT 270.64 424.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 316.88 424.30 Td (will ) Tj ET Q q 0 0 0 rg BT 336.25 424.30 Td (not ) Tj ET Q q 0 0 0 rg BT 352.56 424.30 Td (be ) Tj ET Q q 0 0 0 rg BT 365.21 424.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 400.45 424.30 Td (to ) Tj ET Q q 0 0 0 rg BT 411.27 424.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 445.28 424.30 Td (severance ) Tj ET Q q 0 0 0 rg BT 490.89 424.30 Td (or ) Tj ET Q q 0 0 0 rg BT 502.32 424.30 Td (other ) Tj ET Q q 0 0 0 rg BT 527.18 424.30 Td (benefits ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 97.77 411.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 143.71 411.10 Td (vesting\) ) Tj ET Q q 0 0 0 rg BT 181.71 411.10 Td (except ) Tj ET Q q 0 0 0 rg BT 212.97 411.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.36 411.10 Td (those ) Tj ET Q q 0 0 0 rg BT 254.14 411.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 267.08 411.10 Td (any\) ) Tj ET Q q 0 0 0 rg BT 289.19 411.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.91 411.10 Td (may ) Tj ET Q q 0 0 0 rg BT 322.41 411.10 Td (then ) Tj ET Q q 0 0 0 rg BT 343.91 411.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.85 411.10 Td (established ) Tj ET Q q 0 0 0 rg BT 408.29 411.10 Td (under ) Tj ET Q q 0 0 0 rg BT 435.90 411.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.90 411.10 Td (Company) Tj ET Q q 0 0 0 rg BT 497.73 411.10 Td (s ) Tj ET Q q 0 0 0 rg BT 504.57 411.10 Td (then-existing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 397.90 Td (severance ) Tj ET Q q 0 0 0 rg BT 96.27 397.90 Td (and ) Tj ET Q q 0 0 0 rg BT 115.06 397.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 152.79 397.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 178.92 397.90 Td (and ) Tj ET Q q 0 0 0 rg BT 197.72 397.90 Td (practices ) Tj ET Q q 0 0 0 rg BT 239.71 397.90 Td (or ) Tj ET Q q 0 0 0 rg BT 251.79 397.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 292.58 397.90 Td (to ) Tj ET Q q 0 0 0 rg BT 304.05 397.90 Td (other ) Tj ET Q q 0 0 0 rg BT 329.56 397.90 Td (then-ef) Tj ET Q q 0 0 0 rg BT 360.51 397.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 393.34 397.90 Td (written ) Tj ET Q q 0 0 0 rg BT 427.41 397.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 480.41 397.90 Td (with ) Tj ET Q q 0 0 0 rg BT 502.87 397.90 Td (the ) Tj ET Q q 0 0 0 rg BT 519.22 397.90 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 384.70 Td (that ) Tj ET Q q 0 0 0 rg BT 69.24 384.70 Td (have ) Tj ET Q q 0 0 0 rg BT 92.76 384.70 Td (not ) Tj ET Q q 0 0 0 rg BT 109.57 384.70 Td (been ) Tj ET Q q 0 0 0 rg BT 133.08 384.70 Td (superseded ) Tj ET Q q 0 0 0 rg BT 184.70 384.70 Td (by ) Tj ET Q q 0 0 0 rg BT 198.45 384.70 Td (this ) Tj ET Q q 0 0 0 rg BT 216.49 384.70 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 357.90 Td (\(f\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 356.43369140625 m 240.81787109375 356.43369140625 l s q 0 0 0 rg BT 158.00 357.90 Td (Exclusive ) Tj ET Q q 0 0 0 rg BT 204.52 357.90 Td (Remedy) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 240.46 357.90 Td (. ) Tj ET Q q 0 0 0 rg BT 246.35 357.90 Td (In ) Tj ET Q q 0 0 0 rg BT 258.66 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 275.23 357.90 Td (event ) Tj ET Q q 0 0 0 rg BT 302.20 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 314.50 357.90 Td (a ) Tj ET Q q 0 0 0 rg BT 322.52 357.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 376.37 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 388.68 357.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 435.71 357.90 Td (s ) Tj ET Q q 0 0 0 rg BT 443.13 357.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 501.26 357.90 Td (as ) Tj ET Q q 0 0 0 rg BT 513.56 357.90 Td (set ) Tj ET Q q 0 0 0 rg BT 528.92 357.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 553.45 357.90 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 344.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 84.81 344.70 Td (6 ) Tj ET Q q 0 0 0 rg BT 92.12 344.70 Td (of ) Tj ET Q q 0 0 0 rg BT 103.09 344.70 Td (this ) Tj ET Q q 0 0 0 rg BT 120.40 344.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 173.82 344.70 Td (the ) Tj ET Q q 0 0 0 rg BT 189.07 344.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 236.72 344.70 Td (of ) Tj ET Q q 0 0 0 rg BT 247.70 344.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 282.50 344.70 Td (6 ) Tj ET Q q 0 0 0 rg BT 289.82 344.70 Td (are ) Tj ET Q q 0 0 0 rg BT 305.05 344.70 Td (intended ) Tj ET Q q 0 0 0 rg BT 344.74 344.70 Td (to ) Tj ET Q q 0 0 0 rg BT 355.11 344.70 Td (be ) Tj ET Q q 0 0 0 rg BT 367.30 344.70 Td (and ) Tj ET Q q 0 0 0 rg BT 385.00 344.70 Td (are ) Tj ET Q q 0 0 0 rg BT 400.24 344.70 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 443.59 344.70 Td (and ) Tj ET Q q 0 0 0 rg BT 461.28 344.70 Td (in ) Tj ET Q q 0 0 0 rg BT 471.65 344.70 Td (lieu ) Tj ET Q q 0 0 0 rg BT 489.96 344.70 Td (of ) Tj ET Q q 0 0 0 rg BT 500.93 344.70 Td (and ) Tj ET Q q 0 0 0 rg BT 518.63 344.70 Td (supersede ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 331.50 Td (any ) Tj ET Q q 0 0 0 rg BT 69.11 331.50 Td (other ) Tj ET Q q 0 0 0 rg BT 94.93 331.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 123.21 331.50 Td (or ) Tj ET Q q 0 0 0 rg BT 135.60 331.50 Td (remedies ) Tj ET Q q 0 0 0 rg BT 178.53 331.50 Td (to ) Tj ET Q q 0 0 0 rg BT 190.31 331.50 Td (which ) Tj ET Q q 0 0 0 rg BT 220.41 331.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 267.62 331.50 Td (or ) Tj ET Q q 0 0 0 rg BT 280.00 331.50 Td (the ) Tj ET Q q 0 0 0 rg BT 296.67 331.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.67 331.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 388.65 331.50 Td (may ) Tj ET Q q 0 0 0 rg BT 410.82 331.50 Td (be ) Tj ET Q q 0 0 0 rg BT 424.42 331.50 Td (entitled, ) Tj ET Q q 0 0 0 rg BT 463.39 331.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 502.04 331.50 Td (at ) Tj ET Q q 0 0 0 rg BT 513.20 331.50 Td (law) Tj ET Q q 0 0 0 rg BT 528.37 331.50 Td (, ) Tj ET Q q 0 0 0 rg BT 534.34 331.50 Td (tort ) Tj ET Q q 0 0 0 rg BT 552.84 331.50 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 318.30 Td (contract ) Tj ET Q q 0 0 0 rg BT 88.59 318.30 Td (or ) Tj ET Q q 0 0 0 rg BT 100.92 318.30 Td (in ) Tj ET Q q 0 0 0 rg BT 112.64 318.30 Td (equity) Tj ET Q q 0 0 0 rg BT 139.42 318.30 Td (, ) Tj ET Q q 0 0 0 rg BT 145.34 318.30 Td (or ) Tj ET Q q 0 0 0 rg BT 157.67 318.30 Td (under ) Tj ET Q q 0 0 0 rg BT 185.88 318.30 Td (this ) Tj ET Q q 0 0 0 rg BT 204.24 318.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 256.27 318.30 Td (\(other ) Tj ET Q q 0 0 0 rg BT 285.70 318.30 Td (than ) Tj ET Q q 0 0 0 rg BT 307.81 318.30 Td (the ) Tj ET Q q 0 0 0 rg BT 324.41 318.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 365.46 318.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.79 318.30 Td (accrued ) Tj ET Q q 0 0 0 rg BT 415.15 318.30 Td (but ) Tj ET Q q 0 0 0 rg BT 432.37 318.30 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 465.47 318.30 Td (wages, ) Tj ET Q q 0 0 0 rg BT 498.88 318.30 Td (as ) Tj ET Q q 0 0 0 rg BT 511.21 318.30 Td (required ) Tj ET Q q 0 0 0 rg BT 551.02 318.30 Td (by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (law) Tj ET Q q 0 0 0 rg BT 65.17 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 70.84 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.65 305.10 Td (any ) Tj ET Q q 0 0 0 rg BT 108.45 305.10 Td (unreimbursed ) Tj ET Q q 0 0 0 rg BT 171.86 305.10 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 232.21 305.10 Td (expenses\). ) Tj ET Q q 0 0 0 rg BT 281.25 305.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 328.15 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 348.19 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.49 305.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 397.41 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.89 305.10 Td (no ) Tj ET Q q 0 0 0 rg BT 422.81 305.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 463.30 305.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 527.32 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 539.41 305.10 Td (other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 291.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 94.63 291.90 Td (or ) Tj ET Q q 0 0 0 rg BT 106.27 291.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 133.81 291.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 158.28 291.90 Td (a ) Tj ET Q q 0 0 0 rg BT 165.64 291.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 218.82 291.90 Td (of ) Tj ET Q q 0 0 0 rg BT 230.46 291.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 287.93 291.90 Td (other ) Tj ET Q q 0 0 0 rg BT 313.01 291.90 Td (than ) Tj ET Q q 0 0 0 rg BT 334.42 291.90 Td (those ) Tj ET Q q 0 0 0 rg BT 360.12 291.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 397.41 291.90 Td (expressly ) Tj ET Q q 0 0 0 rg BT 441.43 291.90 Td (set ) Tj ET Q q 0 0 0 rg BT 456.13 291.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 479.99 291.90 Td (in ) Tj ET Q q 0 0 0 rg BT 491.02 291.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 526.49 291.90 Td (6 ) Tj ET Q q 0 0 0 rg BT 534.47 291.90 Td (of ) Tj ET Q q 0 0 0 rg BT 546.11 291.90 Td (this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 278.70 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 251.90 Td (7. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 250.43369140624998 m 241.95703125 250.43369140624998 l s q 0 0 0 rg BT 122.00 251.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 158.11 251.90 Td (in ) Tj ET Q q 0 0 0 rg BT 169.18 251.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 205.30 251.90 Td (Benefits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 241.96 251.90 Td (. ) Tj ET Q q 0 0 0 rg BT 247.22 251.90 Td (In ) Tj ET Q q 0 0 0 rg BT 258.89 251.90 Td (the ) Tj ET Q q 0 0 0 rg BT 274.84 251.90 Td (event ) Tj ET Q q 0 0 0 rg BT 301.17 251.90 Td (of ) Tj ET Q q 0 0 0 rg BT 312.84 251.90 Td (a ) Tj ET Q q 0 0 0 rg BT 320.23 251.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 356.34 251.90 Td (in ) Tj ET Q q 0 0 0 rg BT 367.41 251.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 403.53 251.90 Td (that ) Tj ET Q q 0 0 0 rg BT 422.54 251.90 Td (occurs ) Tj ET Q q 0 0 0 rg BT 453.76 251.90 Td (while ) Tj ET Q q 0 0 0 rg BT 480.70 251.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 527.19 251.90 Td (remains ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 238.70 Td (an ) Tj ET Q q 0 0 0 rg BT 63.36 238.70 Td (employee ) Tj ET Q q 0 0 0 rg BT 109.09 238.70 Td (of ) Tj ET Q q 0 0 0 rg BT 121.22 238.70 Td (the ) Tj ET Q q 0 0 0 rg BT 137.64 238.70 Td (Company) Tj ET Q q 0 0 0 rg BT 179.70 238.70 Td (, ) Tj ET Q q 0 0 0 rg BT 185.42 238.70 Td (if ) Tj ET Q q 0 0 0 rg BT 195.11 238.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 242.06 238.70 Td (remains ) Tj ET Q q 0 0 0 rg BT 279.86 238.70 Td (employed ) Tj ET Q q 0 0 0 rg BT 326.21 238.70 Td (with ) Tj ET Q q 0 0 0 rg BT 348.74 238.70 Td (the ) Tj ET Q q 0 0 0 rg BT 365.15 238.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.90 238.70 Td (\(or ) Tj ET Q q 0 0 0 rg BT 426.70 238.70 Td (any ) Tj ET Q q 0 0 0 rg BT 445.55 238.70 Td (successor ) Tj ET Q q 0 0 0 rg BT 490.68 238.70 Td (of ) Tj ET Q q 0 0 0 rg BT 502.81 238.70 Td (the ) Tj ET Q q 0 0 0 rg BT 519.23 238.70 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 225.50 Td (or ) Tj ET Q q 0 0 0 rg BT 62.08 225.50 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 110.21 225.50 Td (thereof\) ) Tj ET Q q 0 0 0 rg BT 147.93 225.50 Td (as ) Tj ET Q q 0 0 0 rg BT 160.01 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 172.08 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.43 225.50 Td (first ) Tj ET Q q 0 0 0 rg BT 209.06 225.50 Td (day ) Tj ET Q q 0 0 0 rg BT 227.86 225.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 285.76 225.50 Td (following ) Tj ET Q q 0 0 0 rg BT 331.44 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 347.79 225.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 380.03 225.50 Td (\(12\)-month ) Tj ET Q q 0 0 0 rg BT 433.04 225.50 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 487.27 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 499.34 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 515.69 225.50 Td (Closing ) Tj ET Q q 0 0 0 rg BT 552.83 225.50 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 212.30 Td (the ) Tj ET Q q 0 0 0 rg BT 66.01 212.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 102.18 212.30 Td (in ) Tj ET Q q 0 0 0 rg BT 113.31 212.30 Td (Control ) Tj ET Q q 0 0 0 rg BT 149.49 212.30 Td (\(such ) Tj ET Q q 0 0 0 rg BT 175.89 212.30 Td (day) Tj ET Q q 0 0 0 rg BT 191.05 212.30 Td (, ) Tj ET Q q 0 0 0 rg BT 196.37 212.30 Td (the ) Tj ET Q q 0 0 0 rg BT 212.38 212.30 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 217.27 212.30 Td (Post-CIC ) Tj ET Q q 0 0 0 rg BT 263.26 212.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 324.50 212.30 Td (Date) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 346.49 212.30 Td (\), ) Tj ET Q q 0 0 0 rg BT 360.35 212.30 Td (then ) Tj ET Q q 0 0 0 rg BT 381.86 212.30 Td (100% ) Tj ET Q q 0 0 0 rg BT 410.09 212.30 Td (of ) Tj ET Q q 0 0 0 rg BT 421.83 212.30 Td (any ) Tj ET Q q 0 0 0 rg BT 440.28 212.30 Td (Equity ) Tj ET Q q 0 0 0 rg BT 471.61 212.30 Td (A) Tj ET Q q 0 0 0 rg BT 478.55 212.30 Td (wards ) Tj ET Q q 0 0 0 rg BT 507.39 212.30 Td (that ) Tj ET Q q 0 0 0 rg BT 526.45 212.30 Td (both ) Tj ET Q q 0 0 0 rg BT 548.58 212.30 Td (are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 104.13 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.10 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.06 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.30 199.10 Td (Post-CIC ) Tj ET Q q 0 0 0 rg BT 187.44 199.10 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 244.61 199.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 268.18 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.86 199.10 Td (were ) Tj ET Q q 0 0 0 rg BT 311.03 199.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 346.82 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.18 199.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 404.96 199.10 Td (at ) Tj ET Q q 0 0 0 rg BT 415.70 199.10 Td (least ) Tj ET Q q 0 0 0 rg BT 438.65 199.10 Td (ninety ) Tj ET Q q 0 0 0 rg BT 468.95 199.10 Td (\(90\) ) Tj ET Q q 0 0 0 rg BT 490.08 199.10 Td (days ) Tj ET Q q 0 0 0 rg BT 513.04 199.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 537.23 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.58 199.10 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 185.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 97.95 185.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 134.30 185.90 Td (in ) Tj ET Q q 0 0 0 rg BT 145.61 185.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 181.97 185.90 Td (will ) Tj ET Q q 0 0 0 rg BT 201.83 185.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 222.30 185.90 Td (and ) Tj ET Q q 0 0 0 rg BT 240.93 185.90 Td (become ) Tj ET Q q 0 0 0 rg BT 277.88 185.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 301.41 185.90 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 353.63 185.90 Td (\(to ) Tj ET Q q 0 0 0 rg BT 368.60 185.90 Td (the ) Tj ET Q q 0 0 0 rg BT 384.79 185.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 414.41 185.90 Td (applicable\) ) Tj ET Q q 0 0 0 rg BT 466.02 185.90 Td (at ) Tj ET Q q 0 0 0 rg BT 476.71 185.90 Td (such ) Tj ET Q q 0 0 0 rg BT 499.63 185.90 Td (time.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 169.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.94 169.00 Td (ith ) Tj ET Q q 0 0 0 rg BT 73.71 169.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 107.01 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 117.73 169.00 Td (Equity ) Tj ET Q q 0 0 0 rg BT 148.74 169.00 Td (A) Tj ET Q q 0 0 0 rg BT 155.67 169.00 Td (wards ) Tj ET Q q 0 0 0 rg BT 184.10 169.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 219.24 169.00 Td (on ) Tj ET Q q 0 0 0 rg BT 232.40 169.00 Td (or ) Tj ET Q q 0 0 0 rg BT 243.72 169.00 Td (after ) Tj ET Q q 0 0 0 rg BT 266.02 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.62 169.00 Td (Ef) Tj ET Q q 0 0 0 rg BT 291.80 169.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 323.88 169.00 Td (Date, ) Tj ET Q q 0 0 0 rg BT 349.55 169.00 Td (but ) Tj ET Q q 0 0 0 rg BT 365.76 169.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 400.90 169.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 424.44 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 435.16 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 450.75 169.00 Td (Closing, ) Tj ET Q q 0 0 0 rg BT 489.89 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 505.48 169.00 Td (same ) Tj ET Q q 0 0 0 rg BT 530.24 169.00 Td (vesting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 155.80 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 105.70 155.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 154.11 155.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 195.79 155.80 Td (in ) Tj ET Q q 0 0 0 rg BT 206.92 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 222.94 155.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 246.90 155.80 Td (sentence ) Tj ET Q q 0 0 0 rg BT 287.34 155.80 Td (will ) Tj ET Q q 0 0 0 rg BT 307.02 155.80 Td (apply ) Tj ET Q q 0 0 0 rg BT 334.04 155.80 Td (to ) Tj ET Q q 0 0 0 rg BT 345.17 155.80 Td (such ) Tj ET Q q 0 0 0 rg BT 367.91 155.80 Td (Equity ) Tj ET Q q 0 0 0 rg BT 399.25 155.80 Td (A) Tj ET Q q 0 0 0 rg BT 406.18 155.80 Td (wards ) Tj ET Q q 0 0 0 rg BT 435.03 155.80 Td (except ) Tj ET Q q 0 0 0 rg BT 466.31 155.80 Td (to ) Tj ET Q q 0 0 0 rg BT 477.44 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 493.45 155.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 522.91 155.80 Td (provided ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 142.60 Td (in ) Tj ET Q q 0 0 0 rg BT 61.79 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.47 142.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 126.90 142.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 157.63 142.60 Td (award ) Tj ET Q q 0 0 0 rg BT 187.74 142.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 236.78 142.60 Td (by ) Tj ET Q q 0 0 0 rg BT 251.02 142.60 Td (explicit ) Tj ET Q q 0 0 0 rg BT 287.24 142.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 331.38 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 343.17 142.60 Td (this ) Tj ET Q q 0 0 0 rg BT 361.59 142.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.69 142.60 Td (or ) Tj ET Q q 0 0 0 rg BT 426.09 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.88 142.60 Td (a ) Tj ET Q q 0 0 0 rg BT 446.00 142.60 Td (later ) Tj ET Q q 0 0 0 rg BT 468.78 142.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 527.00 142.60 Td (or ) Tj ET Q q 0 0 0 rg BT 539.40 142.60 Td (other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 129.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 98.55 129.40 Td (providing ) Tj ET Q q 0 0 0 rg BT 144.08 129.40 Td (for ) Tj ET Q q 0 0 0 rg BT 159.66 129.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 192.96 129.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 227.48 129.40 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 283.36 129.40 Td (provisions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 102.60 Td (8. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 101.13369140625002 m 373.1201171875 101.13369140625002 l s q 0 0 0 rg BT 122.00 102.60 Td (Conditions to Receipt of Severance; No Duty to Mitigate) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 373.12 102.60 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 75.70 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 74.23369140625005 m 362.9013671875 74.23369140625005 l s q 0 0 0 rg BT 158.00 75.70 Td (Separation ) Tj ET Q q 0 0 0 rg BT 208.07 75.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 260.82 75.70 Td (and ) Tj ET Q q 0 0 0 rg BT 280.59 75.70 Td (Release ) Tj ET Q q 0 0 0 rg BT 318.68 75.70 Td (of ) Tj ET Q q 0 0 0 rg BT 331.73 75.70 Td (Claims) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 362.90 75.70 Td (. ) Tj ET Q q 0 0 0 rg BT 369.26 75.70 Td (The ) Tj ET Q q 0 0 0 rg BT 390.25 75.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 432.01 75.70 Td (of ) Tj ET Q q 0 0 0 rg BT 445.06 75.70 Td (any ) Tj ET Q q 0 0 0 rg BT 464.83 75.70 Td (severance ) Tj ET Q q 0 0 0 rg BT 512.07 75.70 Td (set ) Tj ET Q q 0 0 0 rg BT 528.18 75.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 553.45 75.70 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 62.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 85.30 62.50 Td (6\(a\), ) Tj ET Q q 0 0 0 rg BT 108.06 62.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 143.35 62.50 Td (6\(b\), ) Tj ET Q q 0 0 0 rg BT 166.73 62.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 202.03 62.50 Td (6\(c\) ) Tj ET Q q 0 0 0 rg BT 222.04 62.50 Td (and ) Tj ET Q q 0 0 0 rg BT 240.22 62.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 275.52 62.50 Td (6\(d\) ) Tj ET Q q 0 0 0 rg BT 296.15 62.50 Td (above ) Tj ET Q q 0 0 0 rg BT 324.71 62.50 Td (is ) Tj ET Q q 0 0 0 rg BT 334.35 62.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 383.09 62.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.39 62.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 453.67 62.50 Td (signing ) Tj ET Q q 0 0 0 rg BT 488.36 62.50 Td (and ) Tj ET Q q 0 0 0 rg BT 506.55 62.50 Td (not ) Tj ET Q q 0 0 0 rg BT 522.90 62.50 Td (revoking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 49.30 Td (a ) Tj ET Q q 0 0 0 rg BT 58.18 49.30 Td (release ) Tj ET Q q 0 0 0 rg BT 92.01 49.30 Td (of ) Tj ET Q q 0 0 0 rg BT 104.47 49.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 136.49 49.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 185.59 49.30 Td (with ) Tj ET Q q 0 0 0 rg BT 208.45 49.30 Td (the ) Tj ET Q q 0 0 0 rg BT 225.18 49.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.26 49.30 Td (\(which ) Tj ET Q q 0 0 0 rg BT 305.10 49.30 Td (may ) Tj ET Q q 0 0 0 rg BT 327.34 49.30 Td (include ) Tj ET Q q 0 0 0 rg BT 363.02 49.30 Td (an ) Tj ET Q q 0 0 0 rg BT 376.70 49.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 425.80 49.30 Td (not ) Tj ET Q q 0 0 0 rg BT 443.16 49.30 Td (to ) Tj ET Q q 0 0 0 rg BT 455.01 49.30 Td (disparage ) Tj ET Q q 0 0 0 rg BT 500.46 49.30 Td (the ) Tj ET Q q 0 0 0 rg BT 517.20 49.30 Td (Company) Tj ET Q q 0 0 0 rg BT 559.26 49.30 Td (, ) Tj ET Q endstream endobj 249 0 obj <> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (non-solicit ) Tj ET Q q 0 0 0 rg BT 99.73 741.40 Td (provisions ) Tj ET Q q 0 0 0 rg BT 148.24 741.40 Td (and ) Tj ET Q q 0 0 0 rg BT 166.80 741.40 Td (other ) Tj ET Q q 0 0 0 rg BT 192.08 741.40 Td (standard ) Tj ET Q q 0 0 0 rg BT 232.02 741.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 259.13 741.40 Td (and ) Tj ET Q q 0 0 0 rg BT 277.69 741.40 Td (conditions\) ) Tj ET Q q 0 0 0 rg BT 329.86 741.40 Td (in ) Tj ET Q q 0 0 0 rg BT 341.09 741.40 Td (a ) Tj ET Q q 0 0 0 rg BT 348.65 741.40 Td (form ) Tj ET Q q 0 0 0 rg BT 372.71 741.40 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 423.03 741.40 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 472.12 741.40 Td (to ) Tj ET Q q 0 0 0 rg BT 483.35 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.46 741.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 544.92 741.40 Td (\(the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 54.88 728.20 Td (Release) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.31 728.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 101.44 728.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 126.03 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 137.78 728.20 Td (following ) Tj ET Q q 0 0 0 rg BT 183.14 728.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 230.17 728.20 Td (s ) Tj ET Q q 0 0 0 rg BT 237.04 728.20 Td (separation ) Tj ET Q q 0 0 0 rg BT 284.83 728.20 Td (from ) Tj ET Q q 0 0 0 rg BT 308.80 728.20 Td (service ) Tj ET Q q 0 0 0 rg BT 342.53 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 361.00 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 383.75 728.20 Td (Release ) Tj ET Q q 0 0 0 rg BT 420.54 728.20 Td (becoming ) Tj ET Q q 0 0 0 rg BT 466.50 728.20 Td (ef) Tj ET Q q 0 0 0 rg BT 474.85 728.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 507.36 728.20 Td (no ) Tj ET Q q 0 0 0 rg BT 520.95 728.20 Td (later ) Tj ET Q q 0 0 0 rg BT 543.07 728.20 Td (than ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (sixty ) Tj ET Q q 0 0 0 rg BT 73.72 715.00 Td (\(60\) ) Tj ET Q q 0 0 0 rg BT 94.37 715.00 Td (days ) Tj ET Q q 0 0 0 rg BT 116.86 715.00 Td (following ) Tj ET Q q 0 0 0 rg BT 161.97 715.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 209.00 715.00 Td (s ) Tj ET Q q 0 0 0 rg BT 215.61 715.00 Td (separation ) Tj ET Q q 0 0 0 rg BT 263.14 715.00 Td (from ) Tj ET Q q 0 0 0 rg BT 286.85 715.00 Td (service ) Tj ET Q q 0 0 0 rg BT 320.32 715.00 Td (\(such ) Tj ET Q q 0 0 0 rg BT 346.48 715.00 Td (deadline, ) Tj ET Q q 0 0 0 rg BT 388.81 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 404.58 715.00 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.46 715.00 Td (Release ) Tj ET Q q 0 0 0 rg BT 447.22 715.00 Td (Deadline) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 488.77 715.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 502.39 715.00 Td (If ) Tj ET Q q 0 0 0 rg BT 512.05 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 527.81 715.00 Td (Release ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (does ) Tj ET Q q 0 0 0 rg BT 71.97 701.80 Td (not ) Tj ET Q q 0 0 0 rg BT 87.82 701.80 Td (become ) Tj ET Q q 0 0 0 rg BT 123.83 701.80 Td (ef) Tj ET Q q 0 0 0 rg BT 132.18 701.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 163.90 701.80 Td (by ) Tj ET Q q 0 0 0 rg BT 176.70 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 191.94 701.80 Td (Release ) Tj ET Q q 0 0 0 rg BT 227.95 701.80 Td (Deadline, ) Tj ET Q q 0 0 0 rg BT 272.20 701.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 317.98 701.80 Td (will ) Tj ET Q q 0 0 0 rg BT 336.90 701.80 Td (forfeit ) Tj ET Q q 0 0 0 rg BT 366.19 701.80 Td (any ) Tj ET Q q 0 0 0 rg BT 383.87 701.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 410.73 701.80 Td (to ) Tj ET Q q 0 0 0 rg BT 421.09 701.80 Td (severance ) Tj ET Q q 0 0 0 rg BT 466.24 701.80 Td (under ) Tj ET Q q 0 0 0 rg BT 493.09 701.80 Td (this ) Tj ET Q q 0 0 0 rg BT 510.39 701.80 Td (Agreement. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (In ) Tj ET Q q 0 0 0 rg BT 61.44 688.60 Td (no ) Tj ET Q q 0 0 0 rg BT 74.72 688.60 Td (event ) Tj ET Q q 0 0 0 rg BT 100.82 688.60 Td (will ) Tj ET Q q 0 0 0 rg BT 120.21 688.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 165.84 688.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 210.27 688.60 Td (or ) Tj ET Q q 0 0 0 rg BT 221.71 688.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 258.81 688.60 Td (be ) Tj ET Q q 0 0 0 rg BT 271.47 688.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 292.69 688.60 Td (or ) Tj ET Q q 0 0 0 rg BT 304.13 688.60 Td ( ) Tj ET Q q 0 0 0 rg BT 306.41 688.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 347.78 688.60 Td (until ) Tj ET Q q 0 0 0 rg BT 370.23 688.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.95 688.60 Td (Release ) Tj ET Q q 0 0 0 rg BT 422.43 688.60 Td (actually ) Tj ET Q q 0 0 0 rg BT 459.52 688.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 500.28 688.60 Td (ef) Tj ET Q q 0 0 0 rg BT 508.63 688.60 Td (fective. ) Tj ET Q q 0 0 0 rg BT 543.07 688.60 Td (Any ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (severance ) Tj ET Q q 0 0 0 rg BT 94.93 675.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 138.66 675.40 Td (and ) Tj ET Q q 0 0 0 rg BT 156.11 675.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 192.51 675.40 Td (under ) Tj ET Q q 0 0 0 rg BT 219.12 675.40 Td (this ) Tj ET Q q 0 0 0 rg BT 236.24 675.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 286.68 675.40 Td (will ) Tj ET Q q 0 0 0 rg BT 305.36 675.40 Td (be ) Tj ET Q q 0 0 0 rg BT 317.32 675.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 337.83 675.40 Td (on, ) Tj ET Q q 0 0 0 rg BT 353.15 675.40 Td (or) Tj ET Q q 0 0 0 rg BT 361.88 675.40 Td (, ) Tj ET Q q 0 0 0 rg BT 366.20 675.40 Td (in ) Tj ET Q q 0 0 0 rg BT 376.33 675.40 Td (the ) Tj ET Q q 0 0 0 rg BT 391.34 675.40 Td (case ) Tj ET Q q 0 0 0 rg BT 411.84 675.40 Td (of ) Tj ET Q q 0 0 0 rg BT 422.57 675.40 Td (installments, ) Tj ET Q q 0 0 0 rg BT 480.06 675.40 Td (will ) Tj ET Q q 0 0 0 rg BT 498.74 675.40 Td (not ) Tj ET Q q 0 0 0 rg BT 514.37 675.40 Td (commence ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (until, ) Tj ET Q q 0 0 0 rg BT 74.94 662.20 Td (the ) Tj ET Q q 0 0 0 rg BT 90.40 662.20 Td (sixtieth ) Tj ET Q q 0 0 0 rg BT 124.80 662.20 Td (\(60th\) ) Tj ET Q q 0 0 0 rg BT 153.71 662.20 Td (day ) Tj ET Q q 0 0 0 rg BT 171.61 662.20 Td (following ) Tj ET Q q 0 0 0 rg BT 216.40 662.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 263.44 662.20 Td (s ) Tj ET Q q 0 0 0 rg BT 269.74 662.20 Td (separation ) Tj ET Q q 0 0 0 rg BT 316.96 662.20 Td (from ) Tj ET Q q 0 0 0 rg BT 340.36 662.20 Td (service, ) Tj ET Q q 0 0 0 rg BT 376.28 662.20 Td (or) Tj ET Q q 0 0 0 rg BT 385.00 662.20 Td (, ) Tj ET Q q 0 0 0 rg BT 389.77 662.20 Td (if ) Tj ET Q q 0 0 0 rg BT 398.51 662.20 Td (later) Tj ET Q q 0 0 0 rg BT 417.61 662.20 Td (, ) Tj ET Q q 0 0 0 rg BT 422.38 662.20 Td (such ) Tj ET Q q 0 0 0 rg BT 444.56 662.20 Td (time ) Tj ET Q q 0 0 0 rg BT 466.13 662.20 Td (as ) Tj ET Q q 0 0 0 rg BT 477.31 662.20 Td (required ) Tj ET Q q 0 0 0 rg BT 515.98 662.20 Td (by ) Tj ET Q q 0 0 0 rg BT 529.00 662.20 Td (Section ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (8\(b\)\(ii\); ) Tj ET Q q 0 0 0 rg BT 88.12 649.00 Td (provided, ) Tj ET Q q 0 0 0 rg BT 133.27 649.00 Td (however) Tj ET Q q 0 0 0 rg BT 170.70 649.00 Td (, ) Tj ET Q q 0 0 0 rg BT 176.75 649.00 Td (that ) Tj ET Q q 0 0 0 rg BT 196.55 649.00 Td (any ) Tj ET Q q 0 0 0 rg BT 215.73 649.00 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 272.15 649.00 Td (of ) Tj ET Q q 0 0 0 rg BT 284.61 649.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 319.69 649.00 Td (of ) Tj ET Q q 0 0 0 rg BT 332.15 649.00 Td (options ) Tj ET Q q 0 0 0 rg BT 367.84 649.00 Td (and ) Tj ET Q q 0 0 0 rg BT 387.03 649.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 431.25 649.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 457.77 649.00 Td (will ) Tj ET Q q 0 0 0 rg BT 478.18 649.00 Td (be ) Tj ET Q q 0 0 0 rg BT 491.86 649.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 534.26 649.00 Td (on ) Tj ET Q q 0 0 0 rg BT 548.56 649.00 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (Release ) Tj ET Q q 0 0 0 rg BT 87.35 635.80 Td (ef) Tj ET Q q 0 0 0 rg BT 95.70 635.80 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 147.72 635.80 Td (date. ) Tj ET Q q 0 0 0 rg BT 171.94 635.80 Td (Except ) Tj ET Q q 0 0 0 rg BT 205.63 635.80 Td (as ) Tj ET Q q 0 0 0 rg BT 217.94 635.80 Td (required ) Tj ET Q q 0 0 0 rg BT 257.74 635.80 Td (by ) Tj ET Q q 0 0 0 rg BT 271.89 635.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 308.03 635.80 Td (8\(b\)\(ii\), ) Tj ET Q q 0 0 0 rg BT 345.70 635.80 Td (any ) Tj ET Q q 0 0 0 rg BT 364.73 635.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 410.04 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 429.07 635.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 467.04 635.80 Td (that ) Tj ET Q q 0 0 0 rg BT 486.69 635.80 Td (would ) Tj ET Q q 0 0 0 rg BT 517.34 635.80 Td (have ) Tj ET Q q 0 0 0 rg BT 541.25 635.80 Td (been ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (made ) Tj ET Q q 0 0 0 rg BT 77.05 622.60 Td (to ) Tj ET Q q 0 0 0 rg BT 88.84 622.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 136.06 622.60 Td (during ) Tj ET Q q 0 0 0 rg BT 168.01 622.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.68 622.60 Td (sixty ) Tj ET Q q 0 0 0 rg BT 209.31 622.60 Td (\(60\)-day ) Tj ET Q q 0 0 0 rg BT 250.41 622.60 Td (period ) Tj ET Q q 0 0 0 rg BT 281.75 622.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 339.96 622.60 Td (following ) Tj ET Q q 0 0 0 rg BT 385.97 622.60 Td (Executive) Tj ET Q q 0 0 0 rg BT 433.01 622.60 Td (s ) Tj ET Q q 0 0 0 rg BT 440.52 622.60 Td (separation ) Tj ET Q q 0 0 0 rg BT 488.96 622.60 Td (from ) Tj ET Q q 0 0 0 rg BT 513.57 622.60 Td (service ) Tj ET Q q 0 0 0 rg BT 547.95 622.60 Td (but ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (for ) Tj ET Q q 0 0 0 rg BT 65.49 609.40 Td (the ) Tj ET Q q 0 0 0 rg BT 81.59 609.40 Td (preceding ) Tj ET Q q 0 0 0 rg BT 127.62 609.40 Td (sentence ) Tj ET Q q 0 0 0 rg BT 168.15 609.40 Td (will ) Tj ET Q q 0 0 0 rg BT 187.92 609.40 Td (be ) Tj ET Q q 0 0 0 rg BT 200.97 609.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 222.57 609.40 Td (to ) Tj ET Q q 0 0 0 rg BT 233.79 609.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 280.43 609.40 Td (on ) Tj ET Q q 0 0 0 rg BT 294.09 609.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.19 609.40 Td (sixtieth ) Tj ET Q q 0 0 0 rg BT 345.24 609.40 Td (\(60th\) ) Tj ET Q q 0 0 0 rg BT 374.79 609.40 Td (day ) Tj ET Q q 0 0 0 rg BT 393.33 609.40 Td (following ) Tj ET Q q 0 0 0 rg BT 438.77 609.40 Td (Executive) Tj ET Q q 0 0 0 rg BT 485.80 609.40 Td (s ) Tj ET Q q 0 0 0 rg BT 492.75 609.40 Td (separation ) Tj ET Q q 0 0 0 rg BT 540.61 609.40 Td (from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (service ) Tj ET Q q 0 0 0 rg BT 84.71 596.20 Td (and ) Tj ET Q q 0 0 0 rg BT 104.15 596.20 Td (the ) Tj ET Q q 0 0 0 rg BT 121.15 596.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.30 596.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 215.02 596.20 Td (will ) Tj ET Q q 0 0 0 rg BT 235.69 596.20 Td (be ) Tj ET Q q 0 0 0 rg BT 249.63 596.20 Td (made ) Tj ET Q q 0 0 0 rg BT 277.01 596.20 Td (as ) Tj ET Q q 0 0 0 rg BT 289.74 596.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 332.40 596.20 Td (in ) Tj ET Q q 0 0 0 rg BT 344.51 596.20 Td (this ) Tj ET Q q 0 0 0 rg BT 363.18 596.20 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 418.36 596.20 Td (In ) Tj ET Q q 0 0 0 rg BT 431.08 596.20 Td (no ) Tj ET Q q 0 0 0 rg BT 445.64 596.20 Td (event ) Tj ET Q q 0 0 0 rg BT 473.02 596.20 Td (will ) Tj ET Q q 0 0 0 rg BT 493.69 596.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 541.23 596.20 Td (have ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (discretion ) Tj ET Q q 0 0 0 rg BT 96.13 583.00 Td (to ) Tj ET Q q 0 0 0 rg BT 107.43 583.00 Td (determine ) Tj ET Q q 0 0 0 rg BT 154.16 583.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.35 583.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 204.86 583.00 Td (year ) Tj ET Q q 0 0 0 rg BT 226.54 583.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.45 583.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 279.08 583.00 Td (of ) Tj ET Q q 0 0 0 rg BT 290.99 583.00 Td (any ) Tj ET Q q 0 0 0 rg BT 309.62 583.00 Td (severance ) Tj ET Q q 0 0 0 rg BT 355.73 583.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 400.64 583.00 Td (or ) Tj ET Q q 0 0 0 rg BT 412.55 583.00 Td (benefits.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 556.35 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 554.88369140625 m 218.1884765625 554.88369140625 l s q 0 0 0 rg BT 158.00 556.35 Td (Section 409A) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 218.19 556.35 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 529.60 Td (\(i\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.00 529.60 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 269.98 529.60 Td (anything ) Tj ET Q q 0 0 0 rg BT 311.12 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 322.32 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.40 529.60 Td (contrary ) Tj ET Q q 0 0 0 rg BT 377.70 529.60 Td (in ) Tj ET Q q 0 0 0 rg BT 388.90 529.60 Td (this ) Tj ET Q q 0 0 0 rg BT 406.85 529.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 461.11 529.60 Td (no ) Tj ET Q q 0 0 0 rg BT 474.76 529.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 516.48 529.60 Td (Payments, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 516.40 Td (if ) Tj ET Q q 0 0 0 rg BT 58.77 516.40 Td (any) Tj ET Q q 0 0 0 rg BT 73.94 516.40 Td (, ) Tj ET Q q 0 0 0 rg BT 78.75 516.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 115.01 516.40 Td (to ) Tj ET Q q 0 0 0 rg BT 125.62 516.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 171.65 516.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 211.59 516.40 Td (to ) Tj ET Q q 0 0 0 rg BT 222.20 516.40 Td (this ) Tj ET Q q 0 0 0 rg BT 239.70 516.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 290.62 516.40 Td (will ) Tj ET Q q 0 0 0 rg BT 309.79 516.40 Td (be ) Tj ET Q q 0 0 0 rg BT 322.23 516.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 358.48 516.40 Td (until ) Tj ET Q q 0 0 0 rg BT 380.71 516.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 426.74 516.40 Td (has ) Tj ET Q q 0 0 0 rg BT 443.46 516.40 Td (a ) Tj ET Q q 0 0 0 rg BT 450.40 516.40 Td (separation ) Tj ET Q q 0 0 0 rg BT 502.54 516.40 Td (from ) Tj ET Q q 0 0 0 rg BT 525.98 516.40 Td (service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 503.20 Td (within ) Tj ET Q q 0 0 0 rg BT 81.31 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.96 503.20 Td (meaning ) Tj ET Q q 0 0 0 rg BT 139.04 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 151.40 503.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 187.60 503.20 Td (409A) Tj ET Q q 0 0 0 rg BT 211.44 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 214.64 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 227.00 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 243.65 503.20 Td (Internal ) Tj ET Q q 0 0 0 rg BT 281.05 503.20 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 322.74 503.20 Td (Code ) Tj ET Q q 0 0 0 rg BT 349.16 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 361.52 503.20 Td (1986, ) Tj ET Q q 0 0 0 rg BT 389.48 503.20 Td (as ) Tj ET Q q 0 0 0 rg BT 401.84 503.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 444.75 503.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 465.05 503.20 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.94 503.20 Td (Code) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 494.38 503.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 506.13 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 525.21 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.85 503.20 Td (final ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 490.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 101.66 490.00 Td (and ) Tj ET Q q 0 0 0 rg BT 120.33 490.00 Td (of) Tj ET Q q 0 0 0 rg BT 129.29 490.00 Td (ficial ) Tj ET Q q 0 0 0 rg BT 154.68 490.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 197.16 490.00 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 246.98 490.00 Td (\() Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 255.52 490.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 292.53 490.00 Td (409A) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 316.97 490.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 331.05 490.00 Td (Similarly) Tj ET Q q 0 0 0 rg BT 371.28 490.00 Td (, ) Tj ET Q q 0 0 0 rg BT 376.82 490.00 Td (no ) Tj ET Q q 0 0 0 rg BT 390.60 490.00 Td (severance ) Tj ET Q q 0 0 0 rg BT 436.74 490.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 473.73 490.00 Td (to ) Tj ET Q q 0 0 0 rg BT 485.07 490.00 Td (Executive, ) Tj ET Q q 0 0 0 rg BT 534.59 490.00 Td (if ) Tj ET Q q 0 0 0 rg BT 544.09 490.00 Td (any) Tj ET Q q 0 0 0 rg BT 559.26 490.00 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 476.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 89.58 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 99.83 476.80 Td (this ) Tj ET Q q 0 0 0 rg BT 117.05 476.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 167.61 476.80 Td (that ) Tj ET Q q 0 0 0 rg BT 185.80 476.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 230.27 476.80 Td (would ) Tj ET Q q 0 0 0 rg BT 259.46 476.80 Td (be ) Tj ET Q q 0 0 0 rg BT 271.54 476.80 Td (exempt ) Tj ET Q q 0 0 0 rg BT 305.62 476.80 Td (from ) Tj ET Q q 0 0 0 rg BT 328.70 476.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 363.39 476.80 Td (409A) Tj ET Q q 0 0 0 rg BT 387.23 476.80 Td ( ) Tj ET Q q 0 0 0 rg BT 388.92 476.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 428.50 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 438.63 476.80 Td (T) Tj ET Q q 0 0 0 rg BT 444.97 476.80 Td (reasury ) Tj ET Q q 0 0 0 rg BT 479.03 476.80 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 529.00 476.80 Td (Section ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 463.60 Td (1.409A-1\(b\)\(9\) ) Tj ET Q q 0 0 0 rg BT 120.19 463.60 Td (will ) Tj ET Q q 0 0 0 rg BT 139.98 463.60 Td (be ) Tj ET Q q 0 0 0 rg BT 153.04 463.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 189.92 463.60 Td (until ) Tj ET Q q 0 0 0 rg BT 212.76 463.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 259.42 463.60 Td (has ) Tj ET Q q 0 0 0 rg BT 276.76 463.60 Td (a ) Tj ET Q q 0 0 0 rg BT 284.32 463.60 Td (separation ) Tj ET Q q 0 0 0 rg BT 337.08 463.60 Td (from ) Tj ET Q q 0 0 0 rg BT 361.14 463.60 Td (service ) Tj ET Q q 0 0 0 rg BT 399.85 463.60 Td (within ) Tj ET Q q 0 0 0 rg BT 430.64 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.76 463.60 Td (meaning ) Tj ET Q q 0 0 0 rg BT 487.31 463.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.15 463.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 534.83 463.60 Td (409A.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 436.65 Td (\(ii\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.00 436.65 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 272.76 436.65 Td (anything ) Tj ET Q q 0 0 0 rg BT 316.69 436.65 Td (to ) Tj ET Q q 0 0 0 rg BT 330.68 436.65 Td (the ) Tj ET Q q 0 0 0 rg BT 349.55 436.65 Td (contrary ) Tj ET Q q 0 0 0 rg BT 391.63 436.65 Td (in ) Tj ET Q q 0 0 0 rg BT 405.61 436.65 Td (this ) Tj ET Q q 0 0 0 rg BT 425.74 436.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 482.79 436.65 Td (if ) Tj ET Q q 0 0 0 rg BT 494.94 436.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 544.35 436.65 Td (is ) Tj ET Q q 0 0 0 rg BT 557.12 436.65 Td (a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 423.45 Td (specified ) Tj ET Q q 0 0 0 rg BT 97.65 423.45 Td (employee ) Tj ET Q q 0 0 0 rg BT 148.35 423.45 Td (within ) Tj ET Q q 0 0 0 rg BT 179.52 423.45 Td (the ) Tj ET Q q 0 0 0 rg BT 196.02 423.45 Td (meaning ) Tj ET Q q 0 0 0 rg BT 236.96 423.45 Td (of ) Tj ET Q q 0 0 0 rg BT 249.18 423.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 285.23 423.45 Td (409A) Tj ET Q q 0 0 0 rg BT 309.07 423.45 Td ( ) Tj ET Q q 0 0 0 rg BT 312.13 423.45 Td (at ) Tj ET Q q 0 0 0 rg BT 323.13 423.45 Td (the ) Tj ET Q q 0 0 0 rg BT 339.63 423.45 Td (time ) Tj ET Q q 0 0 0 rg BT 362.24 423.45 Td (of ) Tj ET Q q 0 0 0 rg BT 374.46 423.45 Td (Executive) Tj ET Q q 0 0 0 rg BT 421.50 423.45 Td (s ) Tj ET Q q 0 0 0 rg BT 428.84 423.45 Td (separation ) Tj ET Q q 0 0 0 rg BT 477.10 423.45 Td (from ) Tj ET Q q 0 0 0 rg BT 501.54 423.45 Td (service ) Tj ET Q q 0 0 0 rg BT 535.75 423.45 Td (\(other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (than ) Tj ET Q q 0 0 0 rg BT 72.76 410.25 Td (due ) Tj ET Q q 0 0 0 rg BT 92.46 410.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.83 410.25 Td (death\), ) Tj ET Q q 0 0 0 rg BT 138.89 410.25 Td (then ) Tj ET Q q 0 0 0 rg BT 161.64 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.90 410.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 221.80 410.25 Td (Payments, ) Tj ET Q q 0 0 0 rg BT 271.14 410.25 Td (if ) Tj ET Q q 0 0 0 rg BT 281.68 410.25 Td (any) Tj ET Q q 0 0 0 rg BT 296.85 410.25 Td (, ) Tj ET Q q 0 0 0 rg BT 303.42 410.25 Td (that ) Tj ET Q q 0 0 0 rg BT 323.73 410.25 Td (are ) Tj ET Q q 0 0 0 rg BT 340.98 410.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 379.00 410.25 Td (within ) Tj ET Q q 0 0 0 rg BT 410.93 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.19 410.25 Td (first ) Tj ET Q q 0 0 0 rg BT 449.73 410.25 Td (six ) Tj ET Q q 0 0 0 rg BT 466.38 410.25 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 483.03 410.25 Td (months ) Tj ET Q q 0 0 0 rg BT 519.24 410.25 Td (following ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 397.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 97.03 397.05 Td (s ) Tj ET Q q 0 0 0 rg BT 104.49 397.05 Td (separation ) Tj ET Q q 0 0 0 rg BT 152.87 397.05 Td (from ) Tj ET Q q 0 0 0 rg BT 177.43 397.05 Td (service, ) Tj ET Q q 0 0 0 rg BT 214.51 397.05 Td (will ) Tj ET Q q 0 0 0 rg BT 234.80 397.05 Td (become ) Tj ET Q q 0 0 0 rg BT 272.18 397.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 309.56 397.05 Td (on ) Tj ET Q q 0 0 0 rg BT 323.73 397.05 Td (the ) Tj ET Q q 0 0 0 rg BT 340.35 397.05 Td (date ) Tj ET Q q 0 0 0 rg BT 361.85 397.05 Td (six ) Tj ET Q q 0 0 0 rg BT 377.86 397.05 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 393.87 397.05 Td (months ) Tj ET Q q 0 0 0 rg BT 429.44 397.05 Td (and ) Tj ET Q q 0 0 0 rg BT 448.50 397.05 Td (one ) Tj ET Q q 0 0 0 rg BT 467.56 397.05 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 483.56 397.05 Td (day ) Tj ET Q q 0 0 0 rg BT 502.62 397.05 Td (following ) Tj ET Q q 0 0 0 rg BT 548.57 397.05 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 383.85 Td (date ) Tj ET Q q 0 0 0 rg BT 70.91 383.85 Td (of ) Tj ET Q q 0 0 0 rg BT 82.66 383.85 Td (Executive) Tj ET Q q 0 0 0 rg BT 129.69 383.85 Td (s ) Tj ET Q q 0 0 0 rg BT 136.56 383.85 Td (separation ) Tj ET Q q 0 0 0 rg BT 184.35 383.85 Td (from ) Tj ET Q q 0 0 0 rg BT 208.32 383.85 Td (service. ) Tj ET Q q 0 0 0 rg BT 244.24 383.85 Td (All ) Tj ET Q q 0 0 0 rg BT 260.88 383.85 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 312.35 383.85 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 354.02 383.85 Td (Payments, ) Tj ET Q q 0 0 0 rg BT 402.13 383.85 Td (if ) Tj ET Q q 0 0 0 rg BT 411.44 383.85 Td (any) Tj ET Q q 0 0 0 rg BT 426.60 383.85 Td (, ) Tj ET Q q 0 0 0 rg BT 431.94 383.85 Td (will ) Tj ET Q q 0 0 0 rg BT 451.64 383.85 Td (be ) Tj ET Q q 0 0 0 rg BT 464.61 383.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 501.40 383.85 Td (in ) Tj ET Q q 0 0 0 rg BT 512.54 383.85 Td (accordance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 370.65 Td (with ) Tj ET Q q 0 0 0 rg BT 72.16 370.65 Td (the ) Tj ET Q q 0 0 0 rg BT 88.21 370.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 128.70 370.65 Td (schedule ) Tj ET Q q 0 0 0 rg BT 169.79 370.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 217.59 370.65 Td (to ) Tj ET Q q 0 0 0 rg BT 228.76 370.65 Td (each ) Tj ET Q q 0 0 0 rg BT 251.51 370.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 292.00 370.65 Td (or ) Tj ET Q q 0 0 0 rg BT 303.77 370.65 Td (benefit. ) Tj ET Q q 0 0 0 rg BT 339.67 370.65 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 415.60 370.65 Td (anything ) Tj ET Q q 0 0 0 rg BT 456.71 370.65 Td (herein ) Tj ET Q q 0 0 0 rg BT 486.80 370.65 Td (to ) Tj ET Q q 0 0 0 rg BT 497.96 370.65 Td (the ) Tj ET Q q 0 0 0 rg BT 514.01 370.65 Td (contrary) Tj ET Q q 0 0 0 rg BT 549.94 370.65 Td (, ) Tj ET Q q 0 0 0 rg BT 555.30 370.65 Td (if ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 357.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.34 357.45 Td (dies ) Tj ET Q q 0 0 0 rg BT 116.42 357.45 Td (following ) Tj ET Q q 0 0 0 rg BT 161.56 357.45 Td (his ) Tj ET Q q 0 0 0 rg BT 176.76 357.45 Td (separation ) Tj ET Q q 0 0 0 rg BT 224.32 357.45 Td (from ) Tj ET Q q 0 0 0 rg BT 248.07 357.45 Td (service, ) Tj ET Q q 0 0 0 rg BT 284.33 357.45 Td (but ) Tj ET Q q 0 0 0 rg BT 300.74 357.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 324.49 357.45 Td (to ) Tj ET Q q 0 0 0 rg BT 335.41 357.45 Td (the ) Tj ET Q q 0 0 0 rg BT 351.21 357.45 Td (six ) Tj ET Q q 0 0 0 rg BT 366.40 357.45 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 381.59 357.45 Td (month ) Tj ET Q q 0 0 0 rg BT 412.07 357.45 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 465.74 357.45 Td (of ) Tj ET Q q 0 0 0 rg BT 477.26 357.45 Td (the ) Tj ET Q q 0 0 0 rg BT 493.06 357.45 Td (separation ) Tj ET Q q 0 0 0 rg BT 540.63 357.45 Td (from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 86.57 344.25 Td (then ) Tj ET Q q 0 0 0 rg BT 108.19 344.25 Td (any ) Tj ET Q q 0 0 0 rg BT 126.75 344.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 171.58 344.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 208.46 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.69 344.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 271.83 344.25 Td (with ) Tj ET Q q 0 0 0 rg BT 294.06 344.25 Td (this ) Tj ET Q q 0 0 0 rg BT 312.63 344.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 348.30 344.25 Td (8\(b\)\(ii\) ) Tj ET Q q 0 0 0 rg BT 382.74 344.25 Td (will ) Tj ET Q q 0 0 0 rg BT 402.53 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 415.59 344.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 452.47 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.70 344.25 Td (a ) Tj ET Q q 0 0 0 rg BT 471.26 344.25 Td (lump ) Tj ET Q q 0 0 0 rg BT 496.55 344.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 517.56 344.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.40 344.25 Td (soon ) Tj ET Q q 0 0 0 rg BT 552.85 344.25 Td (as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 331.05 Td (administratively ) Tj ET Q q 0 0 0 rg BT 124.89 331.05 Td (practicable ) Tj ET Q q 0 0 0 rg BT 176.54 331.05 Td (after ) Tj ET Q q 0 0 0 rg BT 200.09 331.05 Td (the ) Tj ET Q q 0 0 0 rg BT 216.93 331.05 Td (date ) Tj ET Q q 0 0 0 rg BT 238.66 331.05 Td (of ) Tj ET Q q 0 0 0 rg BT 251.23 331.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 298.26 331.05 Td (s ) Tj ET Q q 0 0 0 rg BT 305.95 331.05 Td (death ) Tj ET Q q 0 0 0 rg BT 333.17 331.05 Td (and ) Tj ET Q q 0 0 0 rg BT 352.46 331.05 Td (all ) Tj ET Q q 0 0 0 rg BT 366.86 331.05 Td (other ) Tj ET Q q 0 0 0 rg BT 392.87 331.05 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 435.35 331.05 Td (Payments ) Tj ET Q q 0 0 0 rg BT 481.54 331.05 Td (will ) Tj ET Q q 0 0 0 rg BT 502.05 331.05 Td (be ) Tj ET Q q 0 0 0 rg BT 515.84 331.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 553.45 331.05 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 317.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 102.19 317.85 Td (with ) Tj ET Q q 0 0 0 rg BT 124.49 317.85 Td (the ) Tj ET Q q 0 0 0 rg BT 140.66 317.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 181.28 317.85 Td (schedule ) Tj ET Q q 0 0 0 rg BT 222.50 317.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 270.43 317.85 Td (to ) Tj ET Q q 0 0 0 rg BT 281.72 317.85 Td (each ) Tj ET Q q 0 0 0 rg BT 304.61 317.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 345.22 317.85 Td (or ) Tj ET Q q 0 0 0 rg BT 357.12 317.85 Td (benefit. ) Tj ET Q q 0 0 0 rg BT 393.15 317.85 Td (Each ) Tj ET Q q 0 0 0 rg BT 417.87 317.85 Td (payment, ) Tj ET Q q 0 0 0 rg BT 461.23 317.85 Td (installment ) Tj ET Q q 0 0 0 rg BT 512.85 317.85 Td (and ) Tj ET Q q 0 0 0 rg BT 531.47 317.85 Td (benefit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 304.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 86.86 304.65 Td (under ) Tj ET Q q 0 0 0 rg BT 114.56 304.65 Td (this ) Tj ET Q q 0 0 0 rg BT 132.52 304.65 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 184.05 304.65 Td (is ) Tj ET Q q 0 0 0 rg BT 194.04 304.65 Td (intended ) Tj ET Q q 0 0 0 rg BT 234.57 304.65 Td (to ) Tj ET Q q 0 0 0 rg BT 245.79 304.65 Td (constitute ) Tj ET Q q 0 0 0 rg BT 291.21 304.65 Td (a ) Tj ET Q q 0 0 0 rg BT 298.75 304.65 Td (separate ) Tj ET Q q 0 0 0 rg BT 337.44 304.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 377.97 304.65 Td (for ) Tj ET Q q 0 0 0 rg BT 393.45 304.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 435.21 304.65 Td (of ) Tj ET Q q 0 0 0 rg BT 447.03 304.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 482.68 304.65 Td (1.409A-2\(b\)\(2\) ) Tj ET Q q 0 0 0 rg BT 552.85 304.65 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 291.45 Td (the ) Tj ET Q q 0 0 0 rg BT 65.99 291.45 Td (T) Tj ET Q q 0 0 0 rg BT 72.32 291.45 Td (reasury ) Tj ET Q q 0 0 0 rg BT 107.44 291.45 Td (Regulations.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 264.55 Td (\(iii\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.00 264.55 Td (Any ) Tj ET Q q 0 0 0 rg BT 215.91 264.55 Td (severance ) Tj ET Q q 0 0 0 rg BT 262.24 264.55 Td (payment ) Tj ET Q q 0 0 0 rg BT 303.08 264.55 Td (that ) Tj ET Q q 0 0 0 rg BT 322.55 264.55 Td (satisfies ) Tj ET Q q 0 0 0 rg BT 360.95 264.55 Td (the ) Tj ET Q q 0 0 0 rg BT 377.36 264.55 Td (requirements ) Tj ET Q q 0 0 0 rg BT 437.75 264.55 Td (of ) Tj ET Q q 0 0 0 rg BT 449.88 264.55 Td (the ) Tj ET Q q 0 0 0 rg BT 466.29 264.55 Td (short- ) Tj ET Q q 0 0 0 rg BT 499.80 264.55 Td (term ) Tj ET Q q 0 0 0 rg BT 522.93 264.55 Td (deferral ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 251.35 Td (rule ) Tj ET Q q 0 0 0 rg BT 68.91 251.35 Td (set ) Tj ET Q q 0 0 0 rg BT 82.94 251.35 Td (forth ) Tj ET Q q 0 0 0 rg BT 106.14 251.35 Td (in ) Tj ET Q q 0 0 0 rg BT 116.51 251.35 Td (Section ) Tj ET Q q 0 0 0 rg BT 151.31 251.35 Td (1.409A-1\(b\)\(4\) ) Tj ET Q q 0 0 0 rg BT 220.63 251.35 Td (of ) Tj ET Q q 0 0 0 rg BT 231.61 251.35 Td (the ) Tj ET Q q 0 0 0 rg BT 246.73 251.35 Td (T) Tj ET Q q 0 0 0 rg BT 253.06 251.35 Td (reasury ) Tj ET Q q 0 0 0 rg BT 287.24 251.35 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 341.60 251.35 Td (will ) Tj ET Q q 0 0 0 rg BT 360.53 251.35 Td (not ) Tj ET Q q 0 0 0 rg BT 376.40 251.35 Td ( ) Tj ET Q q 0 0 0 rg BT 378.21 251.35 Td (constitute ) Tj ET Q q 0 0 0 rg BT 422.79 251.35 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 463.68 251.35 Td (Payments ) Tj ET Q q 0 0 0 rg BT 508.27 251.35 Td (for ) Tj ET Q q 0 0 0 rg BT 522.90 251.35 Td (purposes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 238.15 Td (herein. ) Tj ET Q q 0 0 0 rg BT 81.79 238.15 Td (Any ) Tj ET Q q 0 0 0 rg BT 102.73 238.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 137.72 238.15 Td (paid ) Tj ET Q q 0 0 0 rg BT 158.65 238.15 Td (under ) Tj ET Q q 0 0 0 rg BT 185.69 238.15 Td (this ) Tj ET Q q 0 0 0 rg BT 203.14 238.15 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 254.00 238.15 Td (that ) Tj ET Q q 0 0 0 rg BT 272.49 238.15 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 312.37 238.15 Td (as ) Tj ET Q q 0 0 0 rg BT 323.53 238.15 Td (a ) Tj ET Q q 0 0 0 rg BT 330.40 238.15 Td (payment ) Tj ET Q q 0 0 0 rg BT 370.28 238.15 Td (made ) Tj ET Q q 0 0 0 rg BT 396.09 238.15 Td (as ) Tj ET Q q 0 0 0 rg BT 407.25 238.15 Td (a ) Tj ET Q q 0 0 0 rg BT 414.13 238.15 Td (result ) Tj ET Q q 0 0 0 rg BT 440.56 238.15 Td (of ) Tj ET Q q 0 0 0 rg BT 451.72 238.15 Td (an ) Tj ET Q q 0 0 0 rg BT 464.10 238.15 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 516.81 238.15 Td (separation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 224.95 Td (from ) Tj ET Q q 0 0 0 rg BT 73.31 224.95 Td (service ) Tj ET Q q 0 0 0 rg BT 106.38 224.95 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 146.19 224.95 Td (to ) Tj ET Q q 0 0 0 rg BT 156.67 224.95 Td (Section ) Tj ET Q q 0 0 0 rg BT 191.59 224.95 Td (1.409A-1\(b\)\(9\)\(iii\) ) Tj ET Q q 0 0 0 rg BT 277.52 224.95 Td (of ) Tj ET Q q 0 0 0 rg BT 288.61 224.95 Td (the ) Tj ET Q q 0 0 0 rg BT 303.83 224.95 Td (T) Tj ET Q q 0 0 0 rg BT 310.17 224.95 Td (reasury ) Tj ET Q q 0 0 0 rg BT 344.46 224.95 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 398.94 224.95 Td (that ) Tj ET Q q 0 0 0 rg BT 417.36 224.95 Td (does ) Tj ET Q q 0 0 0 rg BT 439.45 224.95 Td (not ) Tj ET Q q 0 0 0 rg BT 455.43 224.95 Td (exceed ) Tj ET Q q 0 0 0 rg BT 487.89 224.95 Td (the ) Tj ET Q q 0 0 0 rg BT 503.25 224.95 Td (Section ) Tj ET Q q 0 0 0 rg BT 538.17 224.95 Td (409A) Tj ET Q q 0 0 0 rg BT 562.01 224.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 211.75 Td (Limit ) Tj ET Q q 0 0 0 rg BT 77.76 211.75 Td (\(as ) Tj ET Q q 0 0 0 rg BT 93.90 211.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 130.19 211.75 Td (below\) ) Tj ET Q q 0 0 0 rg BT 164.05 211.75 Td (will ) Tj ET Q q 0 0 0 rg BT 184.47 211.75 Td (not ) Tj ET Q q 0 0 0 rg BT 201.84 211.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 247.93 211.75 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 290.32 211.75 Td (Payments ) Tj ET Q q 0 0 0 rg BT 336.41 211.75 Td (for ) Tj ET Q q 0 0 0 rg BT 352.54 211.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 394.96 211.75 Td (herein. ) Tj ET Q q 0 0 0 rg BT 427.78 211.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 450.04 211.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 495.51 211.75 Td (or ) Tj ET Q q 0 0 0 rg BT 507.98 211.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 546.11 211.75 Td (due ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 198.55 Td (under ) Tj ET Q q 0 0 0 rg BT 78.09 198.55 Td (Section ) Tj ET Q q 0 0 0 rg BT 114.14 198.55 Td (6 ) Tj ET Q q 0 0 0 rg BT 122.69 198.55 Td (of ) Tj ET Q q 0 0 0 rg BT 134.90 198.55 Td (this ) Tj ET Q q 0 0 0 rg BT 153.17 198.55 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 205.08 198.55 Td (will ) Tj ET Q q 0 0 0 rg BT 225.24 198.55 Td (be ) Tj ET Q q 0 0 0 rg BT 238.67 198.55 Td (paid ) Tj ET Q q 0 0 0 rg BT 260.66 198.55 Td (as ) Tj ET Q q 0 0 0 rg BT 272.87 198.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 315.02 198.55 Td (under ) Tj ET Q q 0 0 0 rg BT 343.11 198.55 Td (this ) Tj ET Q q 0 0 0 rg BT 361.38 198.55 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 416.05 198.55 Td (but ) Tj ET Q q 0 0 0 rg BT 433.15 198.55 Td (in ) Tj ET Q q 0 0 0 rg BT 444.75 198.55 Td (no ) Tj ET Q q 0 0 0 rg BT 458.80 198.55 Td (event ) Tj ET Q q 0 0 0 rg BT 485.67 198.55 Td (later ) Tj ET Q q 0 0 0 rg BT 508.26 198.55 Td (than ) Tj ET Q q 0 0 0 rg BT 530.25 198.55 Td (the ) Tj ET Q q 0 0 0 rg BT 546.73 198.55 Td (last ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 185.35 Td (day ) Tj ET Q q 0 0 0 rg BT 68.45 185.35 Td (of ) Tj ET Q q 0 0 0 rg BT 80.18 185.35 Td (the ) Tj ET Q q 0 0 0 rg BT 96.18 185.35 Td (second ) Tj ET Q q 0 0 0 rg BT 129.29 185.35 Td (taxable ) Tj ET Q q 0 0 0 rg BT 163.61 185.35 Td (year ) Tj ET Q q 0 0 0 rg BT 185.11 185.35 Td (of ) Tj ET Q q 0 0 0 rg BT 196.83 185.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 243.38 185.35 Td (following ) Tj ET Q q 0 0 0 rg BT 288.72 185.35 Td (Executive) Tj ET Q q 0 0 0 rg BT 335.75 185.35 Td (s ) Tj ET Q q 0 0 0 rg BT 342.60 185.35 Td (taxable ) Tj ET Q q 0 0 0 rg BT 376.92 185.35 Td (year ) Tj ET Q q 0 0 0 rg BT 398.42 185.35 Td (in ) Tj ET Q q 0 0 0 rg BT 409.54 185.35 Td (which ) Tj ET Q q 0 0 0 rg BT 438.98 185.35 Td (Executive) Tj ET Q q 0 0 0 rg BT 486.02 185.35 Td (s ) Tj ET Q q 0 0 0 rg BT 492.86 185.35 Td (separation ) Tj ET Q q 0 0 0 rg BT 540.63 185.35 Td (from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 172.15 Td (service ) Tj ET Q q 0 0 0 rg BT 83.90 172.15 Td (from ) Tj ET Q q 0 0 0 rg BT 108.03 172.15 Td (the ) Tj ET Q q 0 0 0 rg BT 124.22 172.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 169.74 172.15 Td (occurs.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 145.25 Td (\(iv\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.00 145.25 Td (For ) Tj ET Q q 0 0 0 rg BT 211.09 145.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 252.00 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.97 145.25 Td (this ) Tj ET Q q 0 0 0 rg BT 280.28 145.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 333.70 145.25 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 338.58 145.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 374.61 145.25 Td (409A) Tj ET Q q 0 0 0 rg BT 398.45 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.25 145.25 Td (Limit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.53 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 433.22 145.25 Td (means ) Tj ET Q q 0 0 0 rg BT 463.13 145.25 Td (two ) Tj ET Q q 0 0 0 rg BT 481.44 145.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 496.07 145.25 Td (times ) Tj ET Q q 0 0 0 rg BT 521.71 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.95 145.25 Td (lesser ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 132.05 Td (of: ) Tj ET Q q 0 0 0 rg BT 64.97 132.05 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 80.55 132.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 127.59 132.05 Td (s ) Tj ET Q q 0 0 0 rg BT 134.62 132.05 Td (annualized ) Tj ET Q q 0 0 0 rg BT 185.02 132.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 248.87 132.05 Td (based ) Tj ET Q q 0 0 0 rg BT 276.67 132.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.42 132.05 Td (the ) Tj ET Q q 0 0 0 rg BT 317.61 132.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 349.69 132.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 368.93 132.05 Td (of ) Tj ET Q q 0 0 0 rg BT 380.84 132.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 399.48 132.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 421.17 132.05 Td (to ) Tj ET Q q 0 0 0 rg BT 432.48 132.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 479.21 132.05 Td (during ) Tj ET Q q 0 0 0 rg BT 510.69 132.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.72 132.05 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 118.85 Td (taxable ) Tj ET Q q 0 0 0 rg BT 84.53 118.85 Td (year ) Tj ET Q q 0 0 0 rg BT 106.22 118.85 Td (preceding ) Tj ET Q q 0 0 0 rg BT 152.35 118.85 Td (Executive) Tj ET Q q 0 0 0 rg BT 199.39 118.85 Td (s ) Tj ET Q q 0 0 0 rg BT 206.43 118.85 Td (taxable ) Tj ET Q q 0 0 0 rg BT 240.96 118.85 Td (year ) Tj ET Q q 0 0 0 rg BT 262.65 118.85 Td (of ) Tj ET Q q 0 0 0 rg BT 274.58 118.85 Td (Executive) Tj ET Q q 0 0 0 rg BT 321.62 118.85 Td (s ) Tj ET Q q 0 0 0 rg BT 328.66 118.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 382.14 118.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.07 118.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 451.82 118.85 Td (as ) Tj ET Q q 0 0 0 rg BT 463.75 118.85 Td (determined ) Tj ET Q q 0 0 0 rg BT 516.00 118.85 Td (under) Tj ET Q q 0 0 0 rg BT 540.60 118.85 Td (, ) Tj ET Q q 0 0 0 rg BT 546.12 118.85 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 105.65 Td (with ) Tj ET Q q 0 0 0 rg BT 73.05 105.65 Td (such ) Tj ET Q q 0 0 0 rg BT 96.72 105.65 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 152.76 105.65 Td (as ) Tj ET Q q 0 0 0 rg BT 165.43 105.65 Td (are ) Tj ET Q q 0 0 0 rg BT 182.35 105.65 Td (set ) Tj ET Q q 0 0 0 rg BT 198.07 105.65 Td (forth ) Tj ET Q q 0 0 0 rg BT 222.95 105.65 Td (in, ) Tj ET Q q 0 0 0 rg BT 237.50 105.65 Td (T) Tj ET Q q 0 0 0 rg BT 243.83 105.65 Td (reasury ) Tj ET Q q 0 0 0 rg BT 279.70 105.65 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 331.47 105.65 Td (1.409A-1\(b\)\(9\)\(iii\)\(A\)\(1\) ) Tj ET Q q 0 0 0 rg BT 447.07 105.65 Td (and ) Tj ET Q q 0 0 0 rg BT 466.45 105.65 Td (any ) Tj ET Q q 0 0 0 rg BT 485.83 105.65 Td (Internal ) Tj ET Q q 0 0 0 rg BT 523.53 105.65 Td (Revenue ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 92.45 Td (Service ) Tj ET Q q 0 0 0 rg BT 86.53 92.45 Td (guidance ) Tj ET Q q 0 0 0 rg BT 129.79 92.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 160.84 92.45 Td (with ) Tj ET Q q 0 0 0 rg BT 183.94 92.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 218.64 92.45 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 255.48 92.45 Td (or ) Tj ET Q q 0 0 0 rg BT 268.20 92.45 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 284.57 92.45 Td (the ) Tj ET Q q 0 0 0 rg BT 301.56 92.45 Td (maximum ) Tj ET Q q 0 0 0 rg BT 349.72 92.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 386.26 92.45 Td (that ) Tj ET Q q 0 0 0 rg BT 406.31 92.45 Td (may ) Tj ET Q q 0 0 0 rg BT 428.80 92.45 Td (be ) Tj ET Q q 0 0 0 rg BT 442.73 92.45 Td (taken ) Tj ET Q q 0 0 0 rg BT 470.10 92.45 Td (into ) Tj ET Q q 0 0 0 rg BT 490.76 92.45 Td (account ) Tj ET Q q 0 0 0 rg BT 528.52 92.45 Td (under ) Tj ET Q q 0 0 0 rg BT 557.11 92.45 Td (a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 91.31 79.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 112.46 79.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 152.56 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.32 79.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 198.53 79.25 Td (401\(a\)\(17\) ) Tj ET Q q 0 0 0 rg BT 247.78 79.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.16 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.81 79.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 300.24 79.25 Td (for ) Tj ET Q q 0 0 0 rg BT 315.28 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.93 79.25 Td (year ) Tj ET Q q 0 0 0 rg BT 352.07 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.84 79.25 Td (which ) Tj ET Q q 0 0 0 rg BT 391.93 79.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 438.97 79.25 Td (s ) Tj ET Q q 0 0 0 rg BT 445.46 79.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 502.67 79.25 Td (is ) Tj ET Q q 0 0 0 rg BT 512.21 79.25 Td (terminated.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 52.35 Td (\(v\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.00 52.35 Td (The ) Tj ET Q q 0 0 0 rg BT 216.36 52.35 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 264.39 52.35 Td (provisions ) Tj ET Q q 0 0 0 rg BT 315.49 52.35 Td (are ) Tj ET Q q 0 0 0 rg BT 334.18 52.35 Td (intended ) Tj ET Q q 0 0 0 rg BT 377.32 52.35 Td (to ) Tj ET Q q 0 0 0 rg BT 391.13 52.35 Td (comply ) Tj ET Q q 0 0 0 rg BT 429.39 52.35 Td (with ) Tj ET Q q 0 0 0 rg BT 454.21 52.35 Td (or ) Tj ET Q q 0 0 0 rg BT 468.63 52.35 Td (be ) Tj ET Q q 0 0 0 rg BT 484.28 52.35 Td (exempt ) Tj ET Q q 0 0 0 rg BT 521.92 52.35 Td (from ) Tj ET Q q 0 0 0 rg BT 548.56 52.35 Td (the ) Tj ET Q endstream endobj 251 0 obj <> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 110.34 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 122.43 741.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 158.35 741.40 Td (409A) Tj ET Q q 0 0 0 rg BT 182.18 741.40 Td ( ) Tj ET Q q 0 0 0 rg BT 185.10 741.40 Td (so ) Tj ET Q q 0 0 0 rg BT 197.81 741.40 Td (that ) Tj ET Q q 0 0 0 rg BT 217.22 741.40 Td (none ) Tj ET Q q 0 0 0 rg BT 241.53 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 253.61 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 269.97 741.40 Td (severance ) Tj ET Q q 0 0 0 rg BT 316.25 741.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 361.33 741.40 Td (and ) Tj ET Q q 0 0 0 rg BT 380.13 741.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 417.88 741.40 Td (to ) Tj ET Q q 0 0 0 rg BT 429.35 741.40 Td (be ) Tj ET Q q 0 0 0 rg BT 442.66 741.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 484.68 741.40 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 531.58 741.40 Td (will ) Tj ET Q q 0 0 0 rg BT 551.61 741.40 Td (be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 84.63 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 96.65 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.56 728.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.01 728.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.92 728.20 Td (imposed ) Tj ET Q q 0 0 0 rg BT 218.67 728.20 Td (under ) Tj ET Q q 0 0 0 rg BT 247.18 728.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 283.64 728.20 Td (409A, ) Tj ET Q q 0 0 0 rg BT 314.30 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 333.65 728.20 Td (any ) Tj ET Q q 0 0 0 rg BT 353.00 728.20 Td (ambiguities ) Tj ET Q q 0 0 0 rg BT 407.80 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 420.43 728.20 Td (ambiguous ) Tj ET Q q 0 0 0 rg BT 472.17 728.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 500.08 728.20 Td (herein ) Tj ET Q q 0 0 0 rg BT 531.03 728.20 Td (will ) Tj ET Q q 0 0 0 rg BT 551.61 728.20 Td (be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 100.44 715.00 Td (to ) Tj ET Q q 0 0 0 rg BT 111.79 715.00 Td (so ) Tj ET Q q 0 0 0 rg BT 124.37 715.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 160.17 715.00 Td (or ) Tj ET Q q 0 0 0 rg BT 172.13 715.00 Td (be ) Tj ET Q q 0 0 0 rg BT 185.31 715.00 Td (exempt. ) Tj ET Q q 0 0 0 rg BT 223.23 715.00 Td (In ) Tj ET Q q 0 0 0 rg BT 235.20 715.00 Td (no ) Tj ET Q q 0 0 0 rg BT 248.99 715.00 Td (event ) Tj ET Q q 0 0 0 rg BT 275.61 715.00 Td (will ) Tj ET Q q 0 0 0 rg BT 295.52 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 311.76 715.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.33 715.00 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 404.12 715.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 450.89 715.00 Td (for ) Tj ET Q q 0 0 0 rg BT 466.52 715.00 Td (any ) Tj ET Q q 0 0 0 rg BT 485.20 715.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 510.60 715.00 Td (that ) Tj ET Q q 0 0 0 rg BT 529.89 715.00 Td (may ) Tj ET Q q 0 0 0 rg BT 551.63 715.00 Td (be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (imposed ) Tj ET Q q 0 0 0 rg BT 90.12 701.80 Td (on ) Tj ET Q q 0 0 0 rg BT 103.97 701.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 150.80 701.80 Td (as ) Tj ET Q q 0 0 0 rg BT 162.81 701.80 Td (a ) Tj ET Q q 0 0 0 rg BT 170.54 701.80 Td (result ) Tj ET Q q 0 0 0 rg BT 197.83 701.80 Td (of ) Tj ET Q q 0 0 0 rg BT 209.84 701.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 245.68 701.80 Td (409A. ) Tj ET Q q 0 0 0 rg BT 275.72 701.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 322.55 701.80 Td (and ) Tj ET Q q 0 0 0 rg BT 341.28 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 357.57 701.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 403.19 701.80 Td (agree ) Tj ET Q q 0 0 0 rg BT 429.85 701.80 Td (to ) Tj ET Q q 0 0 0 rg BT 441.25 701.80 Td (work ) Tj ET Q q 0 0 0 rg BT 466.71 701.80 Td (together ) Tj ET Q q 0 0 0 rg BT 505.60 701.80 Td (in ) Tj ET Q q 0 0 0 rg BT 517.00 701.80 Td (good ) Tj ET Q q 0 0 0 rg BT 541.85 701.80 Td (faith ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (to ) Tj ET Q q 0 0 0 rg BT 61.84 688.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 102.39 688.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 161.27 688.60 Td (to ) Tj ET Q q 0 0 0 rg BT 173.11 688.60 Td (this ) Tj ET Q q 0 0 0 rg BT 191.56 688.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 243.71 688.60 Td (and ) Tj ET Q q 0 0 0 rg BT 262.87 688.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.71 688.60 Td (take ) Tj ET Q q 0 0 0 rg BT 296.32 688.60 Td (such ) Tj ET Q q 0 0 0 rg BT 319.76 688.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 370.07 688.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 404.52 688.60 Td (which ) Tj ET Q q 0 0 0 rg BT 434.68 688.60 Td (are ) Tj ET Q q 0 0 0 rg BT 451.39 688.60 Td (necessary) Tj ET Q q 0 0 0 rg BT 493.43 688.60 Td (, ) Tj ET Q q 0 0 0 rg BT 499.46 688.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 552.83 688.60 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (desirable ) Tj ET Q q 0 0 0 rg BT 92.44 675.40 Td (to ) Tj ET Q q 0 0 0 rg BT 103.73 675.40 Td (avoid ) Tj ET Q q 0 0 0 rg BT 130.90 675.40 Td (imposition ) Tj ET Q q 0 0 0 rg BT 180.69 675.40 Td (of ) Tj ET Q q 0 0 0 rg BT 192.59 675.40 Td (any ) Tj ET Q q 0 0 0 rg BT 211.21 675.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 257.93 675.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.10 675.40 Td (or ) Tj ET Q q 0 0 0 rg BT 286.00 675.40 Td (income ) Tj ET Q q 0 0 0 rg BT 321.11 675.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 373.94 675.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 398.06 675.40 Td (to ) Tj ET Q q 0 0 0 rg BT 409.35 675.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 438.34 675.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 478.95 675.40 Td (to ) Tj ET Q q 0 0 0 rg BT 490.24 675.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 536.95 675.40 Td (under ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 85.74 662.20 Td (409A.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 635.45 Td (\(c\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 633.98369140625 m 396.03662109375 633.98369140625 l s q 0 0 0 rg BT 158.00 635.45 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 215.94 635.45 Td (Information ) Tj ET Q q 0 0 0 rg BT 270.79 635.45 Td (Agreement/Non-Solicitation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 396.04 635.45 Td (. ) Tj ET Q q 0 0 0 rg BT 401.74 635.45 Td (Executive) Tj ET Q q 0 0 0 rg BT 448.78 635.45 Td (s ) Tj ET Q q 0 0 0 rg BT 456.01 635.45 Td (receipt ) Tj ET Q q 0 0 0 rg BT 488.89 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 501.01 635.45 Td (any ) Tj ET Q q 0 0 0 rg BT 519.85 635.45 Td (payments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 62.12 622.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 99.90 622.25 Td (under ) Tj ET Q q 0 0 0 rg BT 127.91 622.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 163.86 622.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 172.32 622.25 Td (will ) Tj ET Q q 0 0 0 rg BT 192.39 622.25 Td (be ) Tj ET Q q 0 0 0 rg BT 205.73 622.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 239.85 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.37 622.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 298.31 622.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 348.32 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.83 622.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 395.79 622.25 Td (with: ) Tj ET Q q 0 0 0 rg BT 421.36 622.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 434.70 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.10 622.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 478.50 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.62 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.02 622.25 Td (Confidential ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.05 Td (Information ) Tj ET Q q 0 0 0 rg BT 105.01 609.05 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 157.04 609.05 Td (\(as ) Tj ET Q q 0 0 0 rg BT 173.02 609.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 209.17 609.05 Td (in ) Tj ET Q q 0 0 0 rg BT 220.89 609.05 Td (Section ) Tj ET Q q 0 0 0 rg BT 257.05 609.05 Td (1) Tj ET Q q 0 0 0 rg BT 262.14 609.05 Td (1\); ) Tj ET Q q 0 0 0 rg BT 277.52 609.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 294.13 609.05 Td (the ) Tj ET Q q 0 0 0 rg BT 310.73 609.05 Td (non- ) Tj ET Q q 0 0 0 rg BT 334.06 609.05 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 386.10 609.05 Td (provisions ) Tj ET Q q 0 0 0 rg BT 435.10 609.05 Td (contained ) Tj ET Q q 0 0 0 rg BT 481.02 609.05 Td (in ) Tj ET Q q 0 0 0 rg BT 492.74 609.05 Td (Section ) Tj ET Q q 0 0 0 rg BT 528.90 609.05 Td (15; ) Tj ET Q q 0 0 0 rg BT 546.12 609.05 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 595.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 68.46 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 83.85 595.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 131.65 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 142.77 595.85 Td (this ) Tj ET Q q 0 0 0 rg BT 160.20 595.85 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 213.77 595.85 Td (In ) Tj ET Q q 0 0 0 rg BT 224.90 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 240.29 595.85 Td (event ) Tj ET Q q 0 0 0 rg BT 266.08 595.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 312.02 595.85 Td (breaches ) Tj ET Q q 0 0 0 rg BT 352.45 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 367.85 595.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 415.65 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 426.77 595.85 Td (this ) Tj ET Q q 0 0 0 rg BT 444.62 595.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 479.58 595.85 Td (8\(c\), ) Tj ET Q q 0 0 0 rg BT 502.00 595.85 Td (all ) Tj ET Q q 0 0 0 rg BT 514.95 595.85 Td (continuing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 582.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 94.66 582.65 Td (and ) Tj ET Q q 0 0 0 rg BT 113.04 582.65 Td (benefits ) Tj ET Q q 0 0 0 rg BT 150.36 582.65 Td (to ) Tj ET Q q 0 0 0 rg BT 161.42 582.65 Td (which ) Tj ET Q q 0 0 0 rg BT 190.80 582.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 237.28 582.65 Td (may ) Tj ET Q q 0 0 0 rg BT 258.72 582.65 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 303.98 582.65 Td (be ) Tj ET Q q 0 0 0 rg BT 316.87 582.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 352.36 582.65 Td (to ) Tj ET Q q 0 0 0 rg BT 363.41 582.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 403.80 582.65 Td (to ) Tj ET Q q 0 0 0 rg BT 414.85 582.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 450.35 582.65 Td (6 ) Tj ET Q q 0 0 0 rg BT 458.35 582.65 Td (will ) Tj ET Q q 0 0 0 rg BT 477.96 582.65 Td (immediately ) Tj ET Q q 0 0 0 rg BT 535.45 582.65 Td (cease.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 555.85 Td (\(d\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 554.38369140625 m 248.0400390625 554.38369140625 l s q 0 0 0 rg BT 158.00 555.85 Td (No ) Tj ET Q q 0 0 0 rg BT 174.37 555.85 Td (Duty ) Tj ET Q q 0 0 0 rg BT 199.29 555.85 Td (to ) Tj ET Q q 0 0 0 rg BT 210.77 555.85 Td (Mitigate) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 248.04 555.85 Td (. ) Tj ET Q q 0 0 0 rg BT 253.71 555.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 300.62 555.85 Td (will ) Tj ET Q q 0 0 0 rg BT 320.65 555.85 Td (not ) Tj ET Q q 0 0 0 rg BT 337.63 555.85 Td (be ) Tj ET Q q 0 0 0 rg BT 350.94 555.85 Td (required ) Tj ET Q q 0 0 0 rg BT 390.51 555.85 Td (to ) Tj ET Q q 0 0 0 rg BT 401.99 555.85 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 440.95 555.85 Td (the ) Tj ET Q q 0 0 0 rg BT 457.32 555.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 493.23 555.85 Td (of ) Tj ET Q q 0 0 0 rg BT 505.32 555.85 Td (any ) Tj ET Q q 0 0 0 rg BT 524.13 555.85 Td (payment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 542.65 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 111.90 542.65 Td (by ) Tj ET Q q 0 0 0 rg BT 125.54 542.65 Td (this ) Tj ET Q q 0 0 0 rg BT 143.50 542.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 197.76 542.65 Td (nor ) Tj ET Q q 0 0 0 rg BT 215.07 542.65 Td (will ) Tj ET Q q 0 0 0 rg BT 234.83 542.65 Td (any ) Tj ET Q q 0 0 0 rg BT 253.36 542.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 293.27 542.65 Td (that ) Tj ET Q q 0 0 0 rg BT 312.41 542.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 359.03 542.65 Td (may ) Tj ET Q q 0 0 0 rg BT 380.61 542.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 415.01 542.65 Td (from ) Tj ET Q q 0 0 0 rg BT 439.04 542.65 Td (any ) Tj ET Q q 0 0 0 rg BT 457.56 542.65 Td (other ) Tj ET Q q 0 0 0 rg BT 482.81 542.65 Td (source ) Tj ET Q q 0 0 0 rg BT 514.16 542.65 Td (reduce ) Tj ET Q q 0 0 0 rg BT 546.12 542.65 Td (any ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 529.45 Td (such ) Tj ET Q q 0 0 0 rg BT 72.91 529.45 Td (payment.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 503.05 Td (9. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 501.58369140625 m 227.166015625 501.58369140625 l s q 0 0 0 rg BT 122.00 503.05 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 170.91 503.05 Td (on ) Tj ET Q q 0 0 0 rg BT 184.39 503.05 Td (Payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 227.17 503.05 Td (. ) Tj ET Q q 0 0 0 rg BT 232.39 503.05 Td (In ) Tj ET Q q 0 0 0 rg BT 244.03 503.05 Td (the ) Tj ET Q q 0 0 0 rg BT 259.95 503.05 Td (event ) Tj ET Q q 0 0 0 rg BT 286.24 503.05 Td (that ) Tj ET Q q 0 0 0 rg BT 305.21 503.05 Td (the ) Tj ET Q q 0 0 0 rg BT 321.13 503.05 Td (severance ) Tj ET Q q 0 0 0 rg BT 366.96 503.05 Td (or ) Tj ET Q q 0 0 0 rg BT 378.60 503.05 Td (change ) Tj ET Q q 0 0 0 rg BT 412.22 503.05 Td (in ) Tj ET Q q 0 0 0 rg BT 423.25 503.05 Td (control-related ) Tj ET Q q 0 0 0 rg BT 490.47 503.05 Td (or ) Tj ET Q q 0 0 0 rg BT 502.11 503.05 Td (other ) Tj ET Q q 0 0 0 rg BT 527.19 503.05 Td (benefits ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 489.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 93.07 489.85 Td (for ) Tj ET Q q 0 0 0 rg BT 109.87 489.85 Td (in ) Tj ET Q q 0 0 0 rg BT 122.40 489.85 Td (this ) Tj ET Q q 0 0 0 rg BT 141.39 489.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 194.23 489.85 Td (or ) Tj ET Q q 0 0 0 rg BT 207.37 489.85 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 254.11 489.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 292.28 489.85 Td (to ) Tj ET Q q 0 0 0 rg BT 304.81 489.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 352.76 489.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 367.12 489.85 Td (constitute ) Tj ET Q q 0 0 0 rg BT 413.86 489.85 Td (parachute ) Tj ET Q q 0 0 0 rg BT 465.47 489.85 Td (payments ) Tj ET Q q 0 0 0 rg BT 516.48 489.85 Td (within ) Tj ET Q q 0 0 0 rg BT 548.56 489.85 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 476.65 Td (meaning ) Tj ET Q q 0 0 0 rg BT 90.97 476.65 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 476.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 139.32 476.65 Td (280G ) Tj ET Q q 0 0 0 rg BT 166.87 476.65 Td (of ) Tj ET Q q 0 0 0 rg BT 179.13 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 195.66 476.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 221.98 476.65 Td (and ) Tj ET Q q 0 0 0 rg BT 240.96 476.65 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 257.49 476.65 Td (but ) Tj ET Q q 0 0 0 rg BT 274.64 476.65 Td (for ) Tj ET Q q 0 0 0 rg BT 290.57 476.65 Td (this ) Tj ET Q q 0 0 0 rg BT 309.56 476.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 345.65 476.65 Td (9, ) Tj ET Q q 0 0 0 rg BT 356.99 476.65 Td (would ) Tj ET Q q 0 0 0 rg BT 387.59 476.65 Td (be ) Tj ET Q q 0 0 0 rg BT 401.07 476.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 435.32 476.65 Td (to ) Tj ET Q q 0 0 0 rg BT 446.98 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 463.51 476.65 Td (excise ) Tj ET Q q 0 0 0 rg BT 494.09 476.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 510.63 476.65 Td (imposed ) Tj ET Q q 0 0 0 rg BT 551.00 476.65 Td (by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 463.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 85.74 463.45 Td (4999 ) Tj ET Q q 0 0 0 rg BT 110.49 463.45 Td (of ) Tj ET Q q 0 0 0 rg BT 122.41 463.45 Td (the ) Tj ET Q q 0 0 0 rg BT 138.60 463.45 Td (Code, ) Tj ET Q q 0 0 0 rg BT 167.32 463.45 Td (then ) Tj ET Q q 0 0 0 rg BT 189.00 463.45 Td (such ) Tj ET Q q 0 0 0 rg BT 211.92 463.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 256.82 463.45 Td (or ) Tj ET Q q 0 0 0 rg BT 268.74 463.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 306.31 463.45 Td (will ) Tj ET Q q 0 0 0 rg BT 326.17 463.45 Td (be ) Tj ET Q q 0 0 0 rg BT 339.30 463.45 Td (either:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 436.55 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 436.55 Td (delivered in full, or) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 409.75 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 409.75 Td (delivered as to such lesser extent which would result in no portion of such benefits being ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 396.55 Td (subject to excise tax under Section 4999 of the Code, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 370.15 Td (whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 356.95 Td (excise tax imposed by Section 4999, results in the receipt by Executive on an after) Tj ET Q q 0 0 0 rg BT 412.37 356.95 Td (-tax basis, of the greatest amount ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 343.75 Td (of severance or change in control-related or other benefits, notwithstanding that all or some portion of such benefits ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 330.55 Td (may be taxable under Section 4999 of the Code. If a reduction in severance and other benefits constituting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 317.35 Td (parachute payments is necessary so that benefits are delivered to a lesser extent, reduction will occur in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 304.15 Td (following order: \(i\)reduction of cash payments, which will occur in reverse chronological order such that the cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 290.95 Td (payment owed on the latest date following the occurrence of the event triggering such excise tax will be the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 277.75 Td (cash payment to be reduced; \(ii\) reduction of acceleration of vesting of equity awards, which will occur in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 264.55 Td (reverse order of the date of grant for such stock awards \(i.e., the vesting of the most recently granted stock awards ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 251.35 Td (will be reduced first\); and \(iii\) reduction of other benefits paid or provided to the Executive, which will occur in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 238.15 Td (reverse chronological order such that the benefit owed on the latest date following the occurrence of the event ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 224.95 Td (triggering such excise tax will be the first benefit to be reduced. If more than one equity award was made to the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 211.75 Td (Executive on the same date of grant, all such awards will have their acceleration of vesting reduced pro rata. In no ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 198.55 Td (event will Executive have any discretion with respect to the ordering of payment reductions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 171.75 Td (Unless ) Tj ET Q q 0 0 0 rg BT 118.29 171.75 Td (the ) Tj ET Q q 0 0 0 rg BT 134.07 171.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 179.18 171.75 Td (and ) Tj ET Q q 0 0 0 rg BT 197.41 171.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 243.73 171.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 288.83 171.75 Td (agree ) Tj ET Q q 0 0 0 rg BT 314.99 171.75 Td (in ) Tj ET Q q 0 0 0 rg BT 325.88 171.75 Td (writing, ) Tj ET Q q 0 0 0 rg BT 362.75 171.75 Td (any ) Tj ET Q q 0 0 0 rg BT 380.98 171.75 Td (determination ) Tj ET Q q 0 0 0 rg BT 444.41 171.75 Td (required ) Tj ET Q q 0 0 0 rg BT 483.40 171.75 Td (under ) Tj ET Q q 0 0 0 rg BT 510.78 171.75 Td (this ) Tj ET Q q 0 0 0 rg BT 529.02 171.75 Td (Section ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 158.55 Td (will ) Tj ET Q q 0 0 0 rg BT 69.96 158.55 Td (be ) Tj ET Q q 0 0 0 rg BT 83.18 158.55 Td (made ) Tj ET Q q 0 0 0 rg BT 109.84 158.55 Td (in ) Tj ET Q q 0 0 0 rg BT 121.24 158.55 Td (writing ) Tj ET Q q 0 0 0 rg BT 155.86 158.55 Td (by ) Tj ET Q q 0 0 0 rg BT 169.70 158.55 Td (a ) Tj ET Q q 0 0 0 rg BT 177.43 158.55 Td (nationally ) Tj ET Q q 0 0 0 rg BT 224.26 158.55 Td (recognized ) Tj ET Q q 0 0 0 rg BT 275.35 158.55 Td (firm ) Tj ET Q q 0 0 0 rg BT 297.13 158.55 Td (of ) Tj ET Q q 0 0 0 rg BT 309.14 158.55 Td (independent ) Tj ET Q q 0 0 0 rg BT 365.74 158.55 Td (public ) Tj ET Q q 0 0 0 rg BT 396.08 158.55 Td (accountants ) Tj ET Q q 0 0 0 rg BT 450.84 158.55 Td (selected ) Tj ET Q q 0 0 0 rg BT 489.11 158.55 Td (by ) Tj ET Q q 0 0 0 rg BT 502.95 158.55 Td (the ) Tj ET Q q 0 0 0 rg BT 519.23 158.55 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 145.35 Td (\(the ) Tj ET Q q 0 0 0 rg BT 70.10 145.35 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.98 145.35 Td (Accountants) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 133.65 145.35 Td (\), ) Tj ET Q q 0 0 0 rg BT 147.94 145.35 Td (whose ) Tj ET Q q 0 0 0 rg BT 179.04 145.35 Td (determination ) Tj ET Q q 0 0 0 rg BT 243.13 145.35 Td (will ) Tj ET Q q 0 0 0 rg BT 263.24 145.35 Td (be ) Tj ET Q q 0 0 0 rg BT 276.61 145.35 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 326.65 145.35 Td (and ) Tj ET Q q 0 0 0 rg BT 345.53 145.35 Td (binding ) Tj ET Q q 0 0 0 rg BT 382.14 145.35 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.13 145.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 454.10 145.35 Td (and ) Tj ET Q q 0 0 0 rg BT 472.98 145.35 Td (the ) Tj ET Q q 0 0 0 rg BT 489.42 145.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 535.19 145.35 Td (for ) Tj ET Q q 0 0 0 rg BT 551.01 145.35 Td (all ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 132.15 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 94.69 132.15 Td (For ) Tj ET Q q 0 0 0 rg BT 112.80 132.15 Td (purposes ) Tj ET Q q 0 0 0 rg BT 154.73 132.15 Td (of ) Tj ET Q q 0 0 0 rg BT 166.72 132.15 Td (making ) Tj ET Q q 0 0 0 rg BT 202.55 132.15 Td (the ) Tj ET Q q 0 0 0 rg BT 218.82 132.15 Td (calculations ) Tj ET Q q 0 0 0 rg BT 274.18 132.15 Td (required ) Tj ET Q q 0 0 0 rg BT 313.66 132.15 Td (by ) Tj ET Q q 0 0 0 rg BT 327.48 132.15 Td (this ) Tj ET Q q 0 0 0 rg BT 346.21 132.15 Td (Section ) Tj ET Q q 0 0 0 rg BT 382.03 132.15 Td (9, ) Tj ET Q q 0 0 0 rg BT 393.11 132.15 Td (the ) Tj ET Q q 0 0 0 rg BT 408.75 132.15 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 466.57 132.15 Td (may ) Tj ET Q q 0 0 0 rg BT 488.33 132.15 Td (make ) Tj ET Q q 0 0 0 rg BT 514.98 132.15 Td (reasonable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 118.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 107.33 118.95 Td (and ) Tj ET Q q 0 0 0 rg BT 126.16 118.95 Td (approximations ) Tj ET Q q 0 0 0 rg BT 197.53 118.95 Td (concerning ) Tj ET Q q 0 0 0 rg BT 249.34 118.95 Td (applicable ) Tj ET Q q 0 0 0 rg BT 297.48 118.95 Td (taxes ) Tj ET Q q 0 0 0 rg BT 323.02 118.95 Td (and ) Tj ET Q q 0 0 0 rg BT 341.84 118.95 Td (may ) Tj ET Q q 0 0 0 rg BT 363.72 118.95 Td (rely ) Tj ET Q q 0 0 0 rg BT 383.76 118.95 Td (on ) Tj ET Q q 0 0 0 rg BT 397.71 118.95 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 450.43 118.95 Td (good ) Tj ET Q q 0 0 0 rg BT 475.37 118.95 Td (faith ) Tj ET Q q 0 0 0 rg BT 498.47 118.95 Td (interpretations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 105.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 101.85 105.75 Td (the ) Tj ET Q q 0 0 0 rg BT 118.27 105.75 Td (application ) Tj ET Q q 0 0 0 rg BT 170.13 105.75 Td (of ) Tj ET Q q 0 0 0 rg BT 182.27 105.75 Td (Sections ) Tj ET Q q 0 0 0 rg BT 222.53 105.75 Td (280G ) Tj ET Q q 0 0 0 rg BT 249.96 105.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.83 105.75 Td (4999 ) Tj ET Q q 0 0 0 rg BT 293.81 105.75 Td (of ) Tj ET Q q 0 0 0 rg BT 305.96 105.75 Td (the ) Tj ET Q q 0 0 0 rg BT 322.38 105.75 Td (Code. ) Tj ET Q q 0 0 0 rg BT 351.12 105.75 Td (The ) Tj ET Q q 0 0 0 rg BT 371.20 105.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.96 105.75 Td (and ) Tj ET Q q 0 0 0 rg BT 435.83 105.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 482.79 105.75 Td (will ) Tj ET Q q 0 0 0 rg BT 502.89 105.75 Td (furnish ) Tj ET Q q 0 0 0 rg BT 537.04 105.75 Td (to ) Tj ET Q q 0 0 0 rg BT 548.58 105.75 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 92.55 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 110.15 92.55 Td (such ) Tj ET Q q 0 0 0 rg BT 135.49 92.55 Td (information ) Tj ET Q q 0 0 0 rg BT 192.59 92.55 Td (and ) Tj ET Q q 0 0 0 rg BT 213.65 92.55 Td (documents ) Tj ET Q q 0 0 0 rg BT 266.47 92.55 Td (as ) Tj ET Q q 0 0 0 rg BT 280.81 92.55 Td (the ) Tj ET Q q 0 0 0 rg BT 298.28 92.55 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 358.43 92.55 Td (may ) Tj ET Q q 0 0 0 rg BT 382.54 92.55 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 435.36 92.55 Td (request ) Tj ET Q q 0 0 0 rg BT 472.29 92.55 Td (in ) Tj ET Q q 0 0 0 rg BT 486.02 92.55 Td (order ) Tj ET Q q 0 0 0 rg BT 514.40 92.55 Td (to ) Tj ET Q q 0 0 0 rg BT 528.13 92.55 Td (make ) Tj ET Q q 0 0 0 rg BT 557.12 92.55 Td (a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 79.35 Td (determination ) Tj ET Q q 0 0 0 rg BT 113.06 79.35 Td (under ) Tj ET Q q 0 0 0 rg BT 140.07 79.35 Td (this ) Tj ET Q q 0 0 0 rg BT 157.93 79.35 Td (Section. ) Tj ET Q q 0 0 0 rg BT 195.50 79.35 Td (The ) Tj ET Q q 0 0 0 rg BT 214.57 79.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.31 79.35 Td (will ) Tj ET Q q 0 0 0 rg BT 278.39 79.35 Td (bear ) Tj ET Q q 0 0 0 rg BT 299.29 79.35 Td (all ) Tj ET Q q 0 0 0 rg BT 312.25 79.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 336.22 79.35 Td (the ) Tj ET Q q 0 0 0 rg BT 351.19 79.35 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 408.14 79.35 Td (may ) Tj ET Q q 0 0 0 rg BT 429.04 79.35 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 478.66 79.35 Td (incur ) Tj ET Q q 0 0 0 rg BT 503.23 79.35 Td (in ) Tj ET Q q 0 0 0 rg BT 513.75 79.35 Td (connection ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 66.15 Td (with ) Tj ET Q q 0 0 0 rg BT 72.31 66.15 Td (any ) Tj ET Q q 0 0 0 rg BT 90.94 66.15 Td (calculations ) Tj ET Q q 0 0 0 rg BT 146.22 66.15 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 208.23 66.15 Td (by ) Tj ET Q q 0 0 0 rg BT 221.98 66.15 Td (this ) Tj ET Q q 0 0 0 rg BT 240.62 66.15 Td ( ) Tj ET Q q 0 0 0 rg BT 243.37 66.15 Td (Section ) Tj ET Q q 0 0 0 rg BT 279.11 66.15 Td (9.) Tj ET Q endstream endobj 253 0 obj <> endobj 254 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 741.40 Td (10. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 739.93369140625 m 171.49462890625 739.93369140625 l s q 0 0 0 rg BT 122.00 741.40 Td (Definitions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 171.49 741.40 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 714.60 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 713.13369140625 m 184.88232421875 713.13369140625 l s q 0 0 0 rg BT 158.00 714.60 Td (Cause) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 184.88 714.60 Td (. ) Tj ET Q q 0 0 0 rg BT 190.97 714.60 Td (For ) Tj ET Q q 0 0 0 rg BT 209.58 714.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 252.02 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.52 714.60 Td (this ) Tj ET Q q 0 0 0 rg BT 283.01 714.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 337.96 714.60 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 342.84 714.60 Td (Cause) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 371.57 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 379.78 714.60 Td (means: ) Tj ET Q q 0 0 0 rg BT 414.28 714.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 427.99 714.60 Td (Executive) Tj ET Q q 0 0 0 rg BT 475.03 714.60 Td (s ) Tj ET Q q 0 0 0 rg BT 482.64 714.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 514.68 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.57 714.60 Td (perform ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.40 Td (his ) Tj ET Q q 0 0 0 rg BT 66.10 701.40 Td (assigned ) Tj ET Q q 0 0 0 rg BT 107.24 701.40 Td (duties ) Tj ET Q q 0 0 0 rg BT 136.78 701.40 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 206.65 701.40 Td (as ) Tj ET Q q 0 0 0 rg BT 219.07 701.40 Td (an ) Tj ET Q q 0 0 0 rg BT 232.72 701.40 Td (employee ) Tj ET Q q 0 0 0 rg BT 278.74 701.40 Td (\(other ) Tj ET Q q 0 0 0 rg BT 308.26 701.40 Td (than ) Tj ET Q q 0 0 0 rg BT 330.46 701.40 Td (a ) Tj ET Q q 0 0 0 rg BT 338.61 701.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 370.57 701.40 Td (resulting ) Tj ET Q q 0 0 0 rg BT 412.33 701.40 Td (from ) Tj ET Q q 0 0 0 rg BT 436.97 701.40 Td (Executive) Tj ET Q q 0 0 0 rg BT 484.01 701.40 Td (s ) Tj ET Q q 0 0 0 rg BT 491.55 701.40 Td (Disability\) ) Tj ET Q q 0 0 0 rg BT 541.86 701.40 Td (after ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.20 Td (written ) Tj ET Q q 0 0 0 rg BT 83.60 688.20 Td (notice ) Tj ET Q q 0 0 0 rg BT 112.93 688.20 Td (thereof ) Tj ET Q q 0 0 0 rg BT 146.52 688.20 Td (from ) Tj ET Q q 0 0 0 rg BT 170.35 688.20 Td (the ) Tj ET Q q 0 0 0 rg BT 186.24 688.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.46 688.20 Td (describing ) Tj ET Q q 0 0 0 rg BT 279.73 688.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 326.76 688.20 Td (s ) Tj ET Q q 0 0 0 rg BT 333.49 688.20 Td (failure ) Tj ET Q q 0 0 0 rg BT 364.64 688.20 Td (to ) Tj ET Q q 0 0 0 rg BT 375.64 688.20 Td (perform ) Tj ET Q q 0 0 0 rg BT 413.52 688.20 Td (such ) Tj ET Q q 0 0 0 rg BT 436.13 688.20 Td (duties ) Tj ET Q q 0 0 0 rg BT 464.85 688.20 Td (or ) Tj ET Q q 0 0 0 rg BT 476.46 688.20 Td (responsibilities; ) Tj ET Q q 0 0 0 rg BT 548.57 688.20 Td (\(ii\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.18 675.00 Td (engaging ) Tj ET Q q 0 0 0 rg BT 138.71 675.00 Td (in ) Tj ET Q q 0 0 0 rg BT 149.47 675.00 Td (any ) Tj ET Q q 0 0 0 rg BT 167.56 675.00 Td (act ) Tj ET Q q 0 0 0 rg BT 182.58 675.00 Td (of ) Tj ET Q q 0 0 0 rg BT 193.95 675.00 Td (dishonesty) Tj ET Q q 0 0 0 rg BT 240.29 675.00 Td (, ) Tj ET Q q 0 0 0 rg BT 245.25 675.00 Td (fraud ) Tj ET Q q 0 0 0 rg BT 270.66 675.00 Td (or ) Tj ET Q q 0 0 0 rg BT 282.03 675.00 Td (misrepresentation ) Tj ET Q q 0 0 0 rg BT 362.43 675.00 Td (with ) Tj ET Q q 0 0 0 rg BT 384.19 675.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 417.55 675.00 Td (to ) Tj ET Q q 0 0 0 rg BT 428.31 675.00 Td (the ) Tj ET Q q 0 0 0 rg BT 443.95 675.00 Td (Company; ) Tj ET Q q 0 0 0 rg BT 491.99 675.00 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 510.69 675.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.72 675.00 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 661.80 Td (violation ) Tj ET Q q 0 0 0 rg BT 92.88 661.80 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 661.80 Td (any ) Tj ET Q q 0 0 0 rg BT 125.48 661.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 159.79 661.80 Td (or ) Tj ET Q q 0 0 0 rg BT 172.72 661.80 Td (state ) Tj ET Q q 0 0 0 rg BT 196.66 661.80 Td (law ) Tj ET Q q 0 0 0 rg BT 216.32 661.80 Td (or ) Tj ET Q q 0 0 0 rg BT 229.25 661.80 Td (regulation ) Tj ET Q q 0 0 0 rg BT 277.63 661.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 326.60 661.80 Td (to ) Tj ET Q q 0 0 0 rg BT 338.93 661.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.15 661.80 Td (business ) Tj ET Q q 0 0 0 rg BT 397.20 661.80 Td (of ) Tj ET Q q 0 0 0 rg BT 410.14 661.80 Td (the ) Tj ET Q q 0 0 0 rg BT 427.36 661.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.91 661.80 Td (or ) Tj ET Q q 0 0 0 rg BT 486.85 661.80 Td (its ) Tj ET Q q 0 0 0 rg BT 501.02 661.80 Td (af) Tj ET Q q 0 0 0 rg BT 509.36 661.80 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 546.13 661.80 Td (\(iv\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 648.60 Td (Executive) Tj ET Q q 0 0 0 rg BT 97.03 648.60 Td (s ) Tj ET Q q 0 0 0 rg BT 103.59 648.60 Td (breach ) Tj ET Q q 0 0 0 rg BT 135.17 648.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.61 648.60 Td (any ) Tj ET Q q 0 0 0 rg BT 164.76 648.60 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 231.19 648.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 279.26 648.60 Td (or ) Tj ET Q q 0 0 0 rg BT 290.70 648.60 Td (invention ) Tj ET Q q 0 0 0 rg BT 334.52 648.60 Td (assignment ) Tj ET Q q 0 0 0 rg BT 386.29 648.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 434.37 648.60 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 484.61 648.60 Td (but ) Tj ET Q q 0 0 0 rg BT 500.94 648.60 Td (not ) Tj ET Q q 0 0 0 rg BT 517.27 648.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 550.70 648.60 Td (to, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.40 Td (the ) Tj ET Q q 0 0 0 rg BT 66.27 635.40 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 124.09 635.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 178.83 635.40 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 234.19 635.40 Td (between ) Tj ET Q q 0 0 0 rg BT 273.67 635.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 320.47 635.40 Td (and ) Tj ET Q q 0 0 0 rg BT 339.18 635.40 Td (the ) Tj ET Q q 0 0 0 rg BT 355.45 635.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.06 635.40 Td (\(or ) Tj ET Q q 0 0 0 rg BT 416.71 635.40 Td (any ) Tj ET Q q 0 0 0 rg BT 435.42 635.40 Td (af) Tj ET Q q 0 0 0 rg BT 443.77 635.40 Td (filiate ) Tj ET Q q 0 0 0 rg BT 472.25 635.40 Td (of ) Tj ET Q q 0 0 0 rg BT 484.24 635.40 Td (the ) Tj ET Q q 0 0 0 rg BT 500.51 635.40 Td (Company\); ) Tj ET Q q 0 0 0 rg BT 552.83 635.40 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 64.44 622.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 110.04 622.20 Td (being ) Tj ET Q q 0 0 0 rg BT 136.10 622.20 Td (convicted ) Tj ET Q q 0 0 0 rg BT 180.48 622.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 194.01 622.20 Td (or ) Tj ET Q q 0 0 0 rg BT 204.79 622.20 Td (entering ) Tj ET Q q 0 0 0 rg BT 242.45 622.20 Td (a ) Tj ET Q q 0 0 0 rg BT 248.95 622.20 Td (plea ) Tj ET Q q 0 0 0 rg BT 268.89 622.20 Td (of ) Tj ET Q q 0 0 0 rg BT 279.67 622.20 Td (nolo ) Tj ET Q q 0 0 0 rg BT 300.84 622.20 Td (contendere ) Tj ET Q q 0 0 0 rg BT 350.71 622.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 363.63 622.20 Td (any ) Tj ET Q q 0 0 0 rg BT 381.13 622.20 Td (crime. ) Tj ET Q q 0 0 0 rg BT 410.54 622.20 Td (For ) Tj ET Q q 0 0 0 rg BT 427.44 622.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 468.16 622.20 Td (of ) Tj ET Q q 0 0 0 rg BT 478.95 622.20 Td (clarity) Tj ET Q q 0 0 0 rg BT 506.33 622.20 Td (, ) Tj ET Q q 0 0 0 rg BT 510.70 622.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.73 622.20 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 103.89 609.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.24 609.00 Td (employment ) Tj ET Q q 0 0 0 rg BT 174.41 609.00 Td (due ) Tj ET Q q 0 0 0 rg BT 193.48 609.00 Td (to ) Tj ET Q q 0 0 0 rg BT 205.22 609.00 Td (death ) Tj ET Q q 0 0 0 rg BT 232.22 609.00 Td (or ) Tj ET Q q 0 0 0 rg BT 244.57 609.00 Td (Disability ) Tj ET Q q 0 0 0 rg BT 291.14 609.00 Td (is ) Tj ET Q q 0 0 0 rg BT 301.66 609.00 Td (not, ) Tj ET Q q 0 0 0 rg BT 321.65 609.00 Td (by ) Tj ET Q q 0 0 0 rg BT 335.83 609.00 Td (itself, ) Tj ET Q q 0 0 0 rg BT 363.76 609.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 401.15 609.00 Td (to ) Tj ET Q q 0 0 0 rg BT 412.89 609.00 Td (be ) Tj ET Q q 0 0 0 rg BT 426.45 609.00 Td (a ) Tj ET Q q 0 0 0 rg BT 434.52 609.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 488.41 609.00 Td (by ) Tj ET Q q 0 0 0 rg BT 502.60 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 519.22 609.00 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 595.80 Td (other ) Tj ET Q q 0 0 0 rg BT 75.35 595.80 Td (than ) Tj ET Q q 0 0 0 rg BT 97.04 595.80 Td (for ) Tj ET Q q 0 0 0 rg BT 112.62 595.80 Td (Cause ) Tj ET Q q 0 0 0 rg BT 142.25 595.80 Td (or ) Tj ET Q q 0 0 0 rg BT 154.16 595.80 Td (a ) Tj ET Q q 0 0 0 rg BT 161.79 595.80 Td (resignation ) Tj ET Q q 0 0 0 rg BT 213.42 595.80 Td (for ) Tj ET Q q 0 0 0 rg BT 229.00 595.80 Td (Good ) Tj ET Q q 0 0 0 rg BT 256.19 595.80 Td (Reason.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 569.00 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 567.53369140625 m 239.27001953125 567.53369140625 l s q 0 0 0 rg BT 158.00 569.00 Td (Change in Control) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 239.27 569.00 Td (. For purposes of this ) Tj ET Q q 0 0 0 rg BT 334.61 569.00 Td (Agreement, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 393.86 569.00 Td (Change in Contr) Tj ET Q q 0 0 0 rg BT 472.50 569.00 Td (ol) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 481.06 569.00 Td ( means the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 555.80 Td (occurrence of any of the following:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 528.90 Td (\(i\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 194 527.43369140625 m 364.505859375 527.43369140625 l s q 0 0 0 rg BT 194.00 528.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 230.61 528.90 Td (in ) Tj ET Q q 0 0 0 rg BT 242.18 528.90 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 293.46 528.90 Td (of ) Tj ET Q q 0 0 0 rg BT 305.64 528.90 Td (the ) Tj ET Q q 0 0 0 rg BT 322.09 528.90 Td (Company) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 364.15 528.90 Td (. ) Tj ET Q q 0 0 0 rg BT 369.25 528.90 Td (A) Tj ET Q q 0 0 0 rg BT 376.58 528.90 Td ( ) Tj ET Q q 0 0 0 rg BT 379.59 528.90 Td (change ) Tj ET Q q 0 0 0 rg BT 413.75 528.90 Td (in ) Tj ET Q q 0 0 0 rg BT 425.32 528.90 Td (the ) Tj ET Q q 0 0 0 rg BT 441.77 528.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 490.61 528.90 Td (of ) Tj ET Q q 0 0 0 rg BT 502.78 528.90 Td (the ) Tj ET Q q 0 0 0 rg BT 519.23 528.90 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 515.70 Td (which ) Tj ET Q q 0 0 0 rg BT 78.69 515.70 Td (occurs ) Tj ET Q q 0 0 0 rg BT 109.20 515.70 Td (on ) Tj ET Q q 0 0 0 rg BT 122.01 515.70 Td (the ) Tj ET Q q 0 0 0 rg BT 137.25 515.70 Td (date ) Tj ET Q q 0 0 0 rg BT 157.38 515.70 Td (that ) Tj ET Q q 0 0 0 rg BT 175.68 515.70 Td (any ) Tj ET Q q 0 0 0 rg BT 193.37 515.70 Td (one ) Tj ET Q q 0 0 0 rg BT 211.06 515.70 Td (person, ) Tj ET Q q 0 0 0 rg BT 244.94 515.70 Td (or ) Tj ET Q q 0 0 0 rg BT 255.91 515.70 Td (more ) Tj ET Q q 0 0 0 rg BT 280.32 515.70 Td (than ) Tj ET Q q 0 0 0 rg BT 301.06 515.70 Td (one ) Tj ET Q q 0 0 0 rg BT 318.75 515.70 Td (person ) Tj ET Q q 0 0 0 rg BT 349.88 515.70 Td (acting ) Tj ET Q q 0 0 0 rg BT 378.57 515.70 Td (as ) Tj ET Q q 0 0 0 rg BT 389.54 515.70 Td (a ) Tj ET Q q 0 0 0 rg BT 396.22 515.70 Td (group ) Tj ET Q q 0 0 0 rg BT 423.69 515.70 Td (\() Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 432.24 515.70 Td (Person) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.62 515.70 Td (\), ) Tj ET Q q 0 0 0 rg BT 477.72 515.70 Td (acquires ) Tj ET Q q 0 0 0 rg BT 516.18 515.70 Td (ownership ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 502.50 Td (of ) Tj ET Q q 0 0 0 rg BT 62.62 502.50 Td (the ) Tj ET Q q 0 0 0 rg BT 79.51 502.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 106.18 502.50 Td (of ) Tj ET Q q 0 0 0 rg BT 118.79 502.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.68 502.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.91 502.50 Td (that, ) Tj ET Q q 0 0 0 rg BT 204.61 502.50 Td (together ) Tj ET Q q 0 0 0 rg BT 244.10 502.50 Td (with ) Tj ET Q q 0 0 0 rg BT 267.11 502.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 293.78 502.50 Td (held ) Tj ET Q q 0 0 0 rg BT 316.17 502.50 Td (by ) Tj ET Q q 0 0 0 rg BT 330.62 502.50 Td (such ) Tj ET Q q 0 0 0 rg BT 354.24 502.50 Td (Person, ) Tj ET Q q 0 0 0 rg BT 390.38 502.50 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 440.89 502.50 Td (more ) Tj ET Q q 0 0 0 rg BT 466.94 502.50 Td (than ) Tj ET Q q 0 0 0 rg BT 489.33 502.50 Td (50% ) Tj ET Q q 0 0 0 rg BT 512.95 502.50 Td (of ) Tj ET Q q 0 0 0 rg BT 525.56 502.50 Td (the ) Tj ET Q q 0 0 0 rg BT 542.45 502.50 Td (total ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 489.30 Td (voting ) Tj ET Q q 0 0 0 rg BT 80.63 489.30 Td (power ) Tj ET Q q 0 0 0 rg BT 110.64 489.30 Td (of ) Tj ET Q q 0 0 0 rg BT 122.32 489.30 Td (the ) Tj ET Q q 0 0 0 rg BT 138.28 489.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 164.02 489.30 Td (of ) Tj ET Q q 0 0 0 rg BT 175.70 489.30 Td (the ) Tj ET Q q 0 0 0 rg BT 191.66 489.30 Td (Company; ) Tj ET Q q 0 0 0 rg BT 240.01 489.30 Td (provided, ) Tj ET Q q 0 0 0 rg BT 284.38 489.30 Td (however) Tj ET Q q 0 0 0 rg BT 321.81 489.30 Td (, ) Tj ET Q q 0 0 0 rg BT 327.08 489.30 Td (that ) Tj ET Q q 0 0 0 rg BT 346.09 489.30 Td (for ) Tj ET Q q 0 0 0 rg BT 361.44 489.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 403.06 489.30 Td (of ) Tj ET Q q 0 0 0 rg BT 414.75 489.30 Td (this ) Tj ET Q q 0 0 0 rg BT 433.16 489.30 Td (subsection ) Tj ET Q q 0 0 0 rg BT 482.12 489.30 Td (\(i\), ) Tj ET Q q 0 0 0 rg BT 497.77 489.30 Td (the ) Tj ET Q q 0 0 0 rg BT 513.72 489.30 Td (acquisition ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.59 476.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 108.01 476.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 133.66 476.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.09 476.10 Td (any ) Tj ET Q q 0 0 0 rg BT 165.41 476.10 Td (one ) Tj ET Q q 0 0 0 rg BT 183.72 476.10 Td (Person, ) Tj ET Q q 0 0 0 rg BT 218.84 476.10 Td (who ) Tj ET Q q 0 0 0 rg BT 240.22 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 249.99 476.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 300.06 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.05 476.10 Td (own ) Tj ET Q q 0 0 0 rg BT 332.43 476.10 Td (more ) Tj ET Q q 0 0 0 rg BT 357.46 476.10 Td (than ) Tj ET Q q 0 0 0 rg BT 378.83 476.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 401.42 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.01 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.88 476.10 Td (total ) Tj ET Q q 0 0 0 rg BT 450.87 476.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 481.41 476.10 Td (power ) Tj ET Q q 0 0 0 rg BT 511.33 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.92 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.79 476.10 Td (stock ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 462.90 Td (of ) Tj ET Q q 0 0 0 rg BT 61.14 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.55 462.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.31 462.90 Td (will ) Tj ET Q q 0 0 0 rg BT 140.40 462.90 Td (not ) Tj ET Q q 0 0 0 rg BT 156.43 462.90 Td (be ) Tj ET Q q 0 0 0 rg BT 168.79 462.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 218.41 462.90 Td (a ) Tj ET Q q 0 0 0 rg BT 225.27 462.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 260.85 462.90 Td (in ) Tj ET Q q 0 0 0 rg BT 271.38 462.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 306.97 462.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 327.58 462.90 Td (provided, ) Tj ET Q q 0 0 0 rg BT 371.41 462.90 Td (further; ) Tj ET Q q 0 0 0 rg BT 406.37 462.90 Td (that ) Tj ET Q q 0 0 0 rg BT 424.84 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 440.25 462.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 469.11 462.90 Td (may) Tj ET Q q 0 0 0 rg BT 487.34 462.90 Td (, ) Tj ET Q q 0 0 0 rg BT 492.06 462.90 Td (in ) Tj ET Q q 0 0 0 rg BT 502.60 462.90 Td (its ) Tj ET Q q 0 0 0 rg BT 514.96 462.90 Td (reasonable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 449.70 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 97.37 449.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 144.42 449.70 Td (that ) Tj ET Q q 0 0 0 rg BT 163.99 449.70 Td (any ) Tj ET Q q 0 0 0 rg BT 182.95 449.70 Td (change ) Tj ET Q q 0 0 0 rg BT 217.16 449.70 Td (in ) Tj ET Q q 0 0 0 rg BT 228.79 449.70 Td (the ) Tj ET Q q 0 0 0 rg BT 245.30 449.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 294.20 449.70 Td (of ) Tj ET Q q 0 0 0 rg BT 306.44 449.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.95 449.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 349.24 449.70 Td (of ) Tj ET Q q 0 0 0 rg BT 361.48 449.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.99 449.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 423.83 449.70 Td (as ) Tj ET Q q 0 0 0 rg BT 436.07 449.70 Td (a ) Tj ET Q q 0 0 0 rg BT 444.02 449.70 Td (result ) Tj ET Q q 0 0 0 rg BT 471.53 449.70 Td (of ) Tj ET Q q 0 0 0 rg BT 483.77 449.70 Td (a ) Tj ET Q q 0 0 0 rg BT 491.72 449.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 536.34 449.70 Td (of ) Tj ET Q q 0 0 0 rg BT 548.57 449.70 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 436.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.61 436.50 Td (or ) Tj ET Q q 0 0 0 rg BT 107.61 436.50 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 155.96 436.50 Td (in ) Tj ET Q q 0 0 0 rg BT 167.35 436.50 Td (the ) Tj ET Q q 0 0 0 rg BT 183.63 436.50 Td (determination ) Tj ET Q q 0 0 0 rg BT 247.55 436.50 Td (of ) Tj ET Q q 0 0 0 rg BT 259.55 436.50 Td (the ) Tj ET Q q 0 0 0 rg BT 275.83 436.50 Td (Board, ) Tj ET Q q 0 0 0 rg BT 308.30 436.50 Td (for ) Tj ET Q q 0 0 0 rg BT 323.96 436.50 Td (fundraising ) Tj ET Q q 0 0 0 rg BT 376.90 436.50 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 421.59 436.50 Td (in ) Tj ET Q q 0 0 0 rg BT 432.98 436.50 Td (each ) Tj ET Q q 0 0 0 rg BT 455.96 436.50 Td (case ) Tj ET Q q 0 0 0 rg BT 477.73 436.50 Td (that ) Tj ET Q q 0 0 0 rg BT 497.06 436.50 Td (is ) Tj ET Q q 0 0 0 rg BT 507.23 436.50 Td (approved ) Tj ET Q q 0 0 0 rg BT 550.99 436.50 Td (by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 423.30 Td (the ) Tj ET Q q 0 0 0 rg BT 66.19 423.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 95.82 423.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 119.95 423.30 Td (to ) Tj ET Q q 0 0 0 rg BT 131.26 423.30 Td (such ) Tj ET Q q 0 0 0 rg BT 154.17 423.30 Td (change ) Tj ET Q q 0 0 0 rg BT 188.07 423.30 Td (in ) Tj ET Q q 0 0 0 rg BT 199.38 423.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 247.95 423.30 Td (also ) Tj ET Q q 0 0 0 rg BT 268.42 423.30 Td (will ) Tj ET Q q 0 0 0 rg BT 288.28 423.30 Td (not ) Tj ET Q q 0 0 0 rg BT 305.09 423.30 Td (be ) Tj ET Q q 0 0 0 rg BT 318.22 423.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 368.62 423.30 Td (a ) Tj ET Q q 0 0 0 rg BT 376.25 423.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 412.60 423.30 Td (in ) Tj ET Q q 0 0 0 rg BT 423.91 423.30 Td (Control; ) Tj ET Q q 0 0 0 rg BT 463.33 423.30 Td (or) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 396.50 Td (\(ii\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 194 395.03369140625 m 257.2822265625 395.03369140625 l s q 0 0 0 rg BT 194.00 396.50 Td ([RESER) Tj ET Q q 0 0 0 rg BT 231.01 396.50 Td (VED]) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.28 396.50 Td (; or) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.00 369.60 Td (\(iii\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 194 368.13369140625 m 515.162109375 368.13369140625 l s q 0 0 0 rg BT 194.00 369.60 Td ( ) Tj ET Q q 0 0 0 rg BT 197.15 369.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 233.90 369.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.61 369.60 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 297.03 369.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.35 369.60 Td (a ) Tj ET Q q 0 0 0 rg BT 317.38 369.60 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 369.42 369.60 Td (Portion ) Tj ET Q q 0 0 0 rg BT 404.96 369.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.28 369.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 369.60 Td (Company) Tj ET Q q 0 0 0 rg BT 479.70 369.60 Td (s ) Tj ET Q q 0 0 0 rg BT 486.44 369.60 Td (Assets) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 515.16 369.60 Td (. ) Tj ET Q q 0 0 0 rg BT 520.37 369.60 Td (A) Tj ET Q q 0 0 0 rg BT 527.71 369.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.86 369.60 Td (change ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 356.40 Td (in ) Tj ET Q q 0 0 0 rg BT 61.48 356.40 Td (the ) Tj ET Q q 0 0 0 rg BT 77.85 356.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 126.60 356.40 Td (of ) Tj ET Q q 0 0 0 rg BT 138.69 356.40 Td (a ) Tj ET Q q 0 0 0 rg BT 146.50 356.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 196.48 356.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 231.18 356.40 Td (of ) Tj ET Q q 0 0 0 rg BT 243.27 356.40 Td (the ) Tj ET Q q 0 0 0 rg BT 259.64 356.40 Td (Company) Tj ET Q q 0 0 0 rg BT 305.47 356.40 Td (s ) Tj ET Q q 0 0 0 rg BT 312.68 356.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 341.27 356.40 Td (which ) Tj ET Q q 0 0 0 rg BT 371.08 356.40 Td (occurs ) Tj ET Q q 0 0 0 rg BT 402.71 356.40 Td (on ) Tj ET Q q 0 0 0 rg BT 416.64 356.40 Td (the ) Tj ET Q q 0 0 0 rg BT 433.01 356.40 Td (date ) Tj ET Q q 0 0 0 rg BT 454.26 356.40 Td (that ) Tj ET Q q 0 0 0 rg BT 473.68 356.40 Td (any ) Tj ET Q q 0 0 0 rg BT 492.49 356.40 Td (Person ) Tj ET Q q 0 0 0 rg BT 525.36 356.40 Td (acquires ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 343.20 Td (\(or ) Tj ET Q q 0 0 0 rg BT 65.24 343.20 Td (has ) Tj ET Q q 0 0 0 rg BT 82.32 343.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 122.60 343.20 Td (during ) Tj ET Q q 0 0 0 rg BT 153.74 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 169.59 343.20 Td (twelve ) Tj ET Q q 0 0 0 rg BT 201.33 343.20 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 222.07 343.20 Td (month ) Tj ET Q q 0 0 0 rg BT 252.60 343.20 Td (period ) Tj ET Q q 0 0 0 rg BT 283.11 343.20 Td (ending ) Tj ET Q q 0 0 0 rg BT 315.47 343.20 Td (on ) Tj ET Q q 0 0 0 rg BT 328.88 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.74 343.20 Td (date ) Tj ET Q q 0 0 0 rg BT 365.47 343.20 Td (of ) Tj ET Q q 0 0 0 rg BT 377.05 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.91 343.20 Td (most ) Tj ET Q q 0 0 0 rg BT 416.71 343.20 Td (recent ) Tj ET Q q 0 0 0 rg BT 446.00 343.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 496.68 343.20 Td (by ) Tj ET Q q 0 0 0 rg BT 510.10 343.20 Td (such ) Tj ET Q q 0 0 0 rg BT 532.68 343.20 Td (person ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 330.00 Td (or ) Tj ET Q q 0 0 0 rg BT 62.00 330.00 Td (persons\) ) Tj ET Q q 0 0 0 rg BT 102.10 330.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 130.60 330.00 Td (from ) Tj ET Q q 0 0 0 rg BT 154.82 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 171.10 330.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.71 330.00 Td (that ) Tj ET Q q 0 0 0 rg BT 236.04 330.00 Td (have ) Tj ET Q q 0 0 0 rg BT 259.64 330.00 Td (a ) Tj ET Q q 0 0 0 rg BT 267.36 330.00 Td (total ) Tj ET Q q 0 0 0 rg BT 289.74 330.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 315.80 330.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 333.91 330.00 Td (market ) Tj ET Q q 0 0 0 rg BT 367.28 330.00 Td (value ) Tj ET Q q 0 0 0 rg BT 393.94 330.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 420.59 330.00 Td (to ) Tj ET Q q 0 0 0 rg BT 431.99 330.00 Td (or ) Tj ET Q q 0 0 0 rg BT 443.99 330.00 Td (more ) Tj ET Q q 0 0 0 rg BT 469.42 330.00 Td (than ) Tj ET Q q 0 0 0 rg BT 491.20 330.00 Td (50% ) Tj ET Q q 0 0 0 rg BT 514.20 330.00 Td (of ) Tj ET Q q 0 0 0 rg BT 526.20 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.47 330.00 Td (total ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 316.80 Td (gross ) Tj ET Q q 0 0 0 rg BT 76.96 316.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 95.96 316.80 Td (market ) Tj ET Q q 0 0 0 rg BT 130.24 316.80 Td (value ) Tj ET Q q 0 0 0 rg BT 157.79 316.80 Td (of ) Tj ET Q q 0 0 0 rg BT 170.69 316.80 Td (all ) Tj ET Q q 0 0 0 rg BT 185.42 316.80 Td (of ) Tj ET Q q 0 0 0 rg BT 198.32 316.80 Td (the ) Tj ET Q q 0 0 0 rg BT 215.50 316.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.90 316.80 Td (of ) Tj ET Q q 0 0 0 rg BT 257.79 316.80 Td (the ) Tj ET Q q 0 0 0 rg BT 274.97 316.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.48 316.80 Td (immediately ) Tj ET Q q 0 0 0 rg BT 380.20 316.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 405.32 316.80 Td (to ) Tj ET Q q 0 0 0 rg BT 417.61 316.80 Td (such ) Tj ET Q q 0 0 0 rg BT 441.51 316.80 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 493.51 316.80 Td (or ) Tj ET Q q 0 0 0 rg BT 506.41 316.80 Td (acquisitions; ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 303.60 Td (provided, ) Tj ET Q q 0 0 0 rg BT 93.90 303.60 Td (however) Tj ET Q q 0 0 0 rg BT 131.33 303.60 Td (, ) Tj ET Q q 0 0 0 rg BT 136.12 303.60 Td (that ) Tj ET Q q 0 0 0 rg BT 154.66 303.60 Td (for ) Tj ET Q q 0 0 0 rg BT 169.53 303.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 210.69 303.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.89 303.60 Td (this ) Tj ET Q q 0 0 0 rg BT 239.83 303.60 Td (subsection ) Tj ET Q q 0 0 0 rg BT 288.31 303.60 Td (\(iii\), ) Tj ET Q q 0 0 0 rg BT 309.60 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.09 303.60 Td (following ) Tj ET Q q 0 0 0 rg BT 369.91 303.60 Td (will ) Tj ET Q q 0 0 0 rg BT 389.06 303.60 Td (not ) Tj ET Q q 0 0 0 rg BT 405.17 303.60 Td (constitute ) Tj ET Q q 0 0 0 rg BT 449.98 303.60 Td (a ) Tj ET Q q 0 0 0 rg BT 456.91 303.60 Td (change ) Tj ET Q q 0 0 0 rg BT 490.10 303.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.70 303.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.18 303.60 Td (ownership ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 63.22 290.40 Td (a ) Tj ET Q q 0 0 0 rg BT 72.15 290.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 123.25 290.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 159.08 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 172.30 290.40 Td (the ) Tj ET Q q 0 0 0 rg BT 189.79 290.40 Td (Company) Tj ET Q q 0 0 0 rg BT 235.62 290.40 Td (s ) Tj ET Q q 0 0 0 rg BT 243.95 290.40 Td (assets: ) Tj ET Q q 0 0 0 rg BT 276.73 290.40 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 296.05 290.40 Td (a ) Tj ET Q q 0 0 0 rg BT 304.98 290.40 Td (transfer ) Tj ET Q q 0 0 0 rg BT 342.63 290.40 Td (to ) Tj ET Q q 0 0 0 rg BT 355.24 290.40 Td (an ) Tj ET Q q 0 0 0 rg BT 369.67 290.40 Td (entity ) Tj ET Q q 0 0 0 rg BT 398.78 290.40 Td (that ) Tj ET Q q 0 0 0 rg BT 419.32 290.40 Td (is ) Tj ET Q q 0 0 0 rg BT 430.71 290.40 Td (controlled ) Tj ET Q q 0 0 0 rg BT 479.36 290.40 Td (by ) Tj ET Q q 0 0 0 rg BT 494.41 290.40 Td (the ) Tj ET Q q 0 0 0 rg BT 511.91 290.40 Td (Company) Tj ET Q q 0 0 0 rg BT 557.74 290.40 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 277.20 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 108.99 277.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 167.36 277.20 Td (after ) Tj ET Q q 0 0 0 rg BT 190.89 277.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.72 277.20 Td (transfer) Tj ET Q q 0 0 0 rg BT 240.87 277.20 Td (, ) Tj ET Q q 0 0 0 rg BT 247.00 277.20 Td (or ) Tj ET Q q 0 0 0 rg BT 259.55 277.20 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 277.60 277.20 Td (a ) Tj ET Q q 0 0 0 rg BT 285.87 277.20 Td (transfer ) Tj ET Q q 0 0 0 rg BT 322.85 277.20 Td (of ) Tj ET Q q 0 0 0 rg BT 335.40 277.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.45 277.20 Td (by ) Tj ET Q q 0 0 0 rg BT 378.84 277.20 Td (the ) Tj ET Q q 0 0 0 rg BT 395.66 277.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 441.82 277.20 Td (to: ) Tj ET Q q 0 0 0 rg BT 456.82 277.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 473.04 277.20 Td (a ) Tj ET Q q 0 0 0 rg BT 481.31 277.20 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 536.01 277.20 Td (of ) Tj ET Q q 0 0 0 rg BT 548.56 277.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 264.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.96 264.00 Td (\(immediately ) Tj ET Q q 0 0 0 rg BT 155.79 264.00 Td (before ) Tj ET Q q 0 0 0 rg BT 186.06 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 201.68 264.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 225.24 264.00 Td (transfer\) ) Tj ET Q q 0 0 0 rg BT 264.68 264.00 Td (in ) Tj ET Q q 0 0 0 rg BT 275.42 264.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 319.13 264.00 Td (for ) Tj ET Q q 0 0 0 rg BT 334.14 264.00 Td (or ) Tj ET Q q 0 0 0 rg BT 345.48 264.00 Td (with ) Tj ET Q q 0 0 0 rg BT 367.22 264.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 400.55 264.00 Td (to ) Tj ET Q q 0 0 0 rg BT 411.29 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.91 264.00 Td (Company) Tj ET Q q 0 0 0 rg BT 472.74 264.00 Td (s ) Tj ET Q q 0 0 0 rg BT 479.20 264.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 507.36 264.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 522.36 264.00 Td (an ) Tj ET Q q 0 0 0 rg BT 534.93 264.00 Td (entity) Tj ET Q q 0 0 0 rg BT 559.27 264.00 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 250.80 Td (50% ) Tj ET Q q 0 0 0 rg BT 72.31 250.80 Td (or ) Tj ET Q q 0 0 0 rg BT 83.63 250.80 Td (more ) Tj ET Q q 0 0 0 rg BT 108.38 250.80 Td (of ) Tj ET Q q 0 0 0 rg BT 119.69 250.80 Td (the ) Tj ET Q q 0 0 0 rg BT 135.28 250.80 Td (total ) Tj ET Q q 0 0 0 rg BT 156.98 250.80 Td (value ) Tj ET Q q 0 0 0 rg BT 182.95 250.80 Td (or ) Tj ET Q q 0 0 0 rg BT 194.26 250.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 224.53 250.80 Td (power ) Tj ET Q q 0 0 0 rg BT 254.16 250.80 Td (of ) Tj ET Q q 0 0 0 rg BT 265.48 250.80 Td (which ) Tj ET Q q 0 0 0 rg BT 294.51 250.80 Td (is ) Tj ET Q q 0 0 0 rg BT 304.00 250.80 Td (owned, ) Tj ET Q q 0 0 0 rg BT 338.22 250.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 373.97 250.80 Td (or ) Tj ET Q q 0 0 0 rg BT 385.28 250.80 Td (indirectly) Tj ET Q q 0 0 0 rg BT 426.72 250.80 Td (, ) Tj ET Q q 0 0 0 rg BT 431.62 250.80 Td (by ) Tj ET Q q 0 0 0 rg BT 444.77 250.80 Td (the ) Tj ET Q q 0 0 0 rg BT 460.36 250.80 Td (Company) Tj ET Q q 0 0 0 rg BT 502.42 250.80 Td (, ) Tj ET Q q 0 0 0 rg BT 507.32 250.80 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 522.29 250.80 Td (a ) Tj ET Q q 0 0 0 rg BT 529.33 250.80 Td (Person, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 237.60 Td (that ) Tj ET Q q 0 0 0 rg BT 69.79 237.60 Td (owns, ) Tj ET Q q 0 0 0 rg BT 99.06 237.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 135.95 237.60 Td (or ) Tj ET Q q 0 0 0 rg BT 148.40 237.60 Td (indirectly) Tj ET Q q 0 0 0 rg BT 189.84 237.60 Td (, ) Tj ET Q q 0 0 0 rg BT 195.89 237.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 219.34 237.60 Td (or ) Tj ET Q q 0 0 0 rg BT 231.80 237.60 Td (more ) Tj ET Q q 0 0 0 rg BT 257.70 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.15 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.89 237.60 Td (total ) Tj ET Q q 0 0 0 rg BT 309.73 237.60 Td (value ) Tj ET Q q 0 0 0 rg BT 336.84 237.60 Td (or ) Tj ET Q q 0 0 0 rg BT 349.30 237.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 380.71 237.60 Td (power ) Tj ET Q q 0 0 0 rg BT 411.49 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.95 237.60 Td (all ) Tj ET Q q 0 0 0 rg BT 438.24 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 454.97 237.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 509.59 237.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 536.11 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 548.56 237.60 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 224.40 Td (Company) Tj ET Q q 0 0 0 rg BT 92.06 224.40 Td (, ) Tj ET Q q 0 0 0 rg BT 97.33 224.40 Td (or ) Tj ET Q q 0 0 0 rg BT 109.00 224.40 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 124.35 224.40 Td (an ) Tj ET Q q 0 0 0 rg BT 137.24 224.40 Td (entity) Tj ET Q q 0 0 0 rg BT 161.58 224.40 Td (, ) Tj ET Q q 0 0 0 rg BT 166.84 224.40 Td (at ) Tj ET Q q 0 0 0 rg BT 177.30 224.40 Td (least ) Tj ET Q q 0 0 0 rg BT 199.97 224.40 Td (50% ) Tj ET Q q 0 0 0 rg BT 222.65 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.33 224.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.28 224.40 Td (total ) Tj ET Q q 0 0 0 rg BT 272.35 224.40 Td (value ) Tj ET Q q 0 0 0 rg BT 298.68 224.40 Td (or ) Tj ET Q q 0 0 0 rg BT 310.36 224.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 340.99 224.40 Td (power ) Tj ET Q q 0 0 0 rg BT 370.99 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 382.67 224.40 Td (which ) Tj ET Q q 0 0 0 rg BT 412.07 224.40 Td (is ) Tj ET Q q 0 0 0 rg BT 421.92 224.40 Td (owned, ) Tj ET Q q 0 0 0 rg BT 456.51 224.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 492.62 224.40 Td (or ) Tj ET Q q 0 0 0 rg BT 504.30 224.40 Td (indirectly) Tj ET Q q 0 0 0 rg BT 545.74 224.40 Td (, ) Tj ET Q q 0 0 0 rg BT 551.00 224.40 Td (by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 211.20 Td (a ) Tj ET Q q 0 0 0 rg BT 57.19 211.20 Td (Person ) Tj ET Q q 0 0 0 rg BT 89.43 211.20 Td (described ) Tj ET Q q 0 0 0 rg BT 133.89 211.20 Td (in ) Tj ET Q q 0 0 0 rg BT 144.75 211.20 Td (this ) Tj ET Q q 0 0 0 rg BT 162.94 211.20 Td (subsection ) Tj ET Q q 0 0 0 rg BT 211.69 211.20 Td (\(iii\)\(B\)\(3\) ) Tj ET Q q 0 0 0 rg BT 257.97 211.20 Td (and, ) Tj ET Q q 0 0 0 rg BT 278.91 211.20 Td (provided, ) Tj ET Q q 0 0 0 rg BT 323.07 211.20 Td (further; ) Tj ET Q q 0 0 0 rg BT 358.35 211.20 Td (that ) Tj ET Q q 0 0 0 rg BT 377.15 211.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.90 211.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 422.08 211.20 Td (may ) Tj ET Q q 0 0 0 rg BT 443.33 211.20 Td (determine ) Tj ET Q q 0 0 0 rg BT 489.61 211.20 Td (that ) Tj ET Q q 0 0 0 rg BT 508.41 211.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.63 211.20 Td (asset ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 198.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 91.63 198.00 Td (that ) Tj ET Q q 0 0 0 rg BT 111.88 198.00 Td (should ) Tj ET Q q 0 0 0 rg BT 144.98 198.00 Td (not, ) Tj ET Q q 0 0 0 rg BT 165.54 198.00 Td (in ) Tj ET Q q 0 0 0 rg BT 177.85 198.00 Td (the ) Tj ET Q q 0 0 0 rg BT 195.05 198.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 245.83 198.00 Td (judgment ) Tj ET Q q 0 0 0 rg BT 291.14 198.00 Td (of ) Tj ET Q q 0 0 0 rg BT 304.06 198.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.26 198.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 351.90 198.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 368.48 198.00 Td (constituted ) Tj ET Q q 0 0 0 rg BT 420.51 198.00 Td (immediately ) Tj ET Q q 0 0 0 rg BT 479.25 198.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 504.39 198.00 Td (to ) Tj ET Q q 0 0 0 rg BT 516.70 198.00 Td (such ) Tj ET Q q 0 0 0 rg BT 540.62 198.00 Td (asset ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 184.80 Td (transfers\), ) Tj ET Q q 0 0 0 rg BT 96.72 184.80 Td (be ) Tj ET Q q 0 0 0 rg BT 109.53 184.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 159.61 184.80 Td (to ) Tj ET Q q 0 0 0 rg BT 170.60 184.80 Td (be ) Tj ET Q q 0 0 0 rg BT 183.41 184.80 Td (a ) Tj ET Q q 0 0 0 rg BT 190.72 184.80 Td (Change ) Tj ET Q q 0 0 0 rg BT 231.64 184.80 Td (in ) Tj ET Q q 0 0 0 rg BT 242.63 184.80 Td (Control ) Tj ET Q q 0 0 0 rg BT 283.55 184.80 Td (due ) Tj ET Q q 0 0 0 rg BT 301.87 184.80 Td (to ) Tj ET Q q 0 0 0 rg BT 312.86 184.80 Td (extenuating ) Tj ET Q q 0 0 0 rg BT 366.60 184.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 398.96 184.80 Td (such ) Tj ET Q q 0 0 0 rg BT 421.56 184.80 Td (as, ) Tj ET Q q 0 0 0 rg BT 435.90 184.80 Td (for ) Tj ET Q q 0 0 0 rg BT 451.16 184.80 Td (example, ) Tj ET Q q 0 0 0 rg BT 493.60 184.80 Td (a ) Tj ET Q q 0 0 0 rg BT 500.91 184.80 Td (determination ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 171.60 Td (being ) Tj ET Q q 0 0 0 rg BT 76.21 171.60 Td (made ) Tj ET Q q 0 0 0 rg BT 101.80 171.60 Td (to ) Tj ET Q q 0 0 0 rg BT 112.13 171.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 151.77 171.60 Td (its ) Tj ET Q q 0 0 0 rg BT 163.94 171.60 Td (business ) Tj ET Q q 0 0 0 rg BT 202.99 171.60 Td (using ) Tj ET Q q 0 0 0 rg BT 228.59 171.60 Td (only ) Tj ET Q q 0 0 0 rg BT 249.92 171.60 Td (a ) Tj ET Q q 0 0 0 rg BT 256.57 171.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 288.26 171.60 Td (subset ) Tj ET Q q 0 0 0 rg BT 317.53 171.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.47 171.60 Td (its ) Tj ET Q q 0 0 0 rg BT 340.63 171.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.06 171.60 Td (rendering ) Tj ET Q q 0 0 0 rg BT 411.98 171.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.19 171.60 Td (remainder ) Tj ET Q q 0 0 0 rg BT 473.54 171.60 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 511.97 171.60 Td (or ) Tj ET Q q 0 0 0 rg BT 522.91 171.60 Td (retention ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 61.25 158.40 Td (the ) Tj ET Q q 0 0 0 rg BT 76.78 158.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 117.96 158.40 Td (from ) Tj ET Q q 0 0 0 rg BT 141.43 158.40 Td (such ) Tj ET Q q 0 0 0 rg BT 163.68 158.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 182.88 158.40 Td (by ) Tj ET Q q 0 0 0 rg BT 195.96 158.40 Td (the ) Tj ET Q q 0 0 0 rg BT 211.49 158.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 256.36 158.40 Td (for ) Tj ET Q q 0 0 0 rg BT 271.27 158.40 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 322.24 158.40 Td (business ) Tj ET Q q 0 0 0 rg BT 361.61 158.40 Td (use. ) Tj ET Q q 0 0 0 rg BT 381.12 158.40 Td (For ) Tj ET Q q 0 0 0 rg BT 398.49 158.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 439.68 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 450.94 158.40 Td (this ) Tj ET Q q 0 0 0 rg BT 468.92 158.40 Td (subsection ) Tj ET Q q 0 0 0 rg BT 517.45 158.40 Td (\(iii\), ) Tj ET Q q 0 0 0 rg BT 538.78 158.40 Td (gross ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 145.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 67.28 145.20 Td (market ) Tj ET Q q 0 0 0 rg BT 99.84 145.20 Td (value ) Tj ET Q q 0 0 0 rg BT 125.67 145.20 Td (means ) Tj ET Q q 0 0 0 rg BT 155.79 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 171.24 145.20 Td (value ) Tj ET Q q 0 0 0 rg BT 197.08 145.20 Td (of ) Tj ET Q q 0 0 0 rg BT 208.26 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.71 145.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.39 145.20 Td (of ) Tj ET Q q 0 0 0 rg BT 262.57 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 278.02 145.20 Td (Company) Tj ET Q q 0 0 0 rg BT 320.09 145.20 Td (, ) Tj ET Q q 0 0 0 rg BT 324.85 145.20 Td (or ) Tj ET Q q 0 0 0 rg BT 336.03 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 351.48 145.20 Td (value ) Tj ET Q q 0 0 0 rg BT 377.32 145.20 Td (of ) Tj ET Q q 0 0 0 rg BT 388.50 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 403.95 145.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 431.63 145.20 Td (being ) Tj ET Q q 0 0 0 rg BT 458.09 145.20 Td (disposed ) Tj ET Q q 0 0 0 rg BT 498.60 145.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 512.53 145.20 Td (determined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 132.00 Td (without ) Tj ET Q q 0 0 0 rg BT 86.36 132.00 Td (regard ) Tj ET Q q 0 0 0 rg BT 117.20 132.00 Td (to ) Tj ET Q q 0 0 0 rg BT 128.51 132.00 Td (any ) Tj ET Q q 0 0 0 rg BT 147.14 132.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 190.83 132.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 238.78 132.00 Td (with ) Tj ET Q q 0 0 0 rg BT 261.09 132.00 Td (such ) Tj ET Q q 0 0 0 rg BT 284.00 132.00 Td (assets.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 115.20 Td (For ) Tj ET Q q 0 0 0 rg BT 103.59 115.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 145.01 115.20 Td (of ) Tj ET Q q 0 0 0 rg BT 156.48 115.20 Td (this ) Tj ET Q q 0 0 0 rg BT 174.68 115.20 Td (definition ) Tj ET Q q 0 0 0 rg BT 219.76 115.20 Td (of ) Tj ET Q q 0 0 0 rg BT 231.23 115.20 Td (Change ) Tj ET Q q 0 0 0 rg BT 267.15 115.20 Td (in ) Tj ET Q q 0 0 0 rg BT 278.01 115.20 Td (Control, ) Tj ET Q q 0 0 0 rg BT 316.68 115.20 Td (persons ) Tj ET Q q 0 0 0 rg BT 352.60 115.20 Td (will ) Tj ET Q q 0 0 0 rg BT 372.02 115.20 Td (be ) Tj ET Q q 0 0 0 rg BT 384.71 115.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 434.67 115.20 Td (to ) Tj ET Q q 0 0 0 rg BT 445.54 115.20 Td (be ) Tj ET Q q 0 0 0 rg BT 458.23 115.20 Td (acting ) Tj ET Q q 0 0 0 rg BT 487.41 115.20 Td (as ) Tj ET Q q 0 0 0 rg BT 498.89 115.20 Td (a ) Tj ET Q q 0 0 0 rg BT 506.08 115.20 Td (group ) Tj ET Q q 0 0 0 rg BT 534.05 115.20 Td (if ) Tj ET Q q 0 0 0 rg BT 543.08 115.20 Td (they ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 102.00 Td (are ) Tj ET Q q 0 0 0 rg BT 65.28 102.00 Td (owners ) Tj ET Q q 0 0 0 rg BT 98.91 102.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.92 102.00 Td (a ) Tj ET Q q 0 0 0 rg BT 116.66 102.00 Td (corporation ) Tj ET Q q 0 0 0 rg BT 169.22 102.00 Td (that ) Tj ET Q q 0 0 0 rg BT 187.57 102.00 Td (enters ) Tj ET Q q 0 0 0 rg BT 215.69 102.00 Td (into ) Tj ET Q q 0 0 0 rg BT 234.65 102.00 Td (a ) Tj ET Q q 0 0 0 rg BT 241.39 102.00 Td (mer) Tj ET Q q 0 0 0 rg BT 258.29 102.00 Td (ger) Tj ET Q q 0 0 0 rg BT 271.90 102.00 Td (, ) Tj ET Q q 0 0 0 rg BT 276.50 102.00 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 340.38 102.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 381.32 102.00 Td (or ) Tj ET Q q 0 0 0 rg BT 392.34 102.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 442.46 102.00 Td (of ) Tj ET Q q 0 0 0 rg BT 453.48 102.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 481.31 102.00 Td (or ) Tj ET Q q 0 0 0 rg BT 492.32 102.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 524.73 102.00 Td (business ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 88.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 101.01 88.80 Td (with ) Tj ET Q q 0 0 0 rg BT 123.32 88.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.50 88.80 Td (Company) Tj ET Q q 0 0 0 rg BT 181.56 88.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 61.90 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 162.33 61.90 Td (the ) Tj ET Q q 0 0 0 rg BT 178.77 61.90 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 227.28 61.90 Td (a ) Tj ET Q q 0 0 0 rg BT 235.16 61.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 286.42 61.90 Td (will ) Tj ET Q q 0 0 0 rg BT 306.53 61.90 Td (not ) Tj ET Q q 0 0 0 rg BT 323.58 61.90 Td (be ) Tj ET Q q 0 0 0 rg BT 336.97 61.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 374.17 61.90 Td (a ) Tj ET Q q 0 0 0 rg BT 382.05 61.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 418.65 61.90 Td (in ) Tj ET Q q 0 0 0 rg BT 430.20 61.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 466.81 61.90 Td (unless ) Tj ET Q q 0 0 0 rg BT 497.31 61.90 Td (the ) Tj ET Q q 0 0 0 rg BT 513.75 61.90 Td (transaction ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 48.70 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 90.63 48.70 Td (as ) Tj ET Q q 0 0 0 rg BT 102.54 48.70 Td (a ) Tj ET Q q 0 0 0 rg BT 110.17 48.70 Td (change ) Tj ET Q q 0 0 0 rg BT 144.07 48.70 Td (in ) Tj ET Q q 0 0 0 rg BT 155.38 48.70 Td (control ) Tj ET Q q 0 0 0 rg BT 189.28 48.70 Td (event ) Tj ET Q q 0 0 0 rg BT 215.85 48.70 Td (within ) Tj ET Q q 0 0 0 rg BT 246.72 48.70 Td (the ) Tj ET Q q 0 0 0 rg BT 262.90 48.70 Td (meaning ) Tj ET Q q 0 0 0 rg BT 303.53 48.70 Td (of ) Tj ET Q q 0 0 0 rg BT 315.44 48.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 351.19 48.70 Td (409A.) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 728.20 Td (Further ) Tj ET Q q 0 0 0 rg BT 121.75 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 140.99 728.20 Td (for ) Tj ET Q q 0 0 0 rg BT 157.18 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 173.98 728.20 Td (avoidance ) Tj ET Q q 0 0 0 rg BT 221.93 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 234.46 728.20 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 265.63 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 273.88 728.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 325.50 728.20 Td (will ) Tj ET Q q 0 0 0 rg BT 345.98 728.20 Td (not ) Tj ET Q q 0 0 0 rg BT 363.40 728.20 Td (constitute ) Tj ET Q q 0 0 0 rg BT 409.53 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 417.78 728.20 Td (Change ) Tj ET Q q 0 0 0 rg BT 454.74 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 466.66 728.20 Td (Control ) Tj ET Q q 0 0 0 rg BT 503.64 728.20 Td (if: ) Tj ET Q q 0 0 0 rg BT 516.78 728.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 530.52 728.20 Td (its ) Tj ET Q q 0 0 0 rg BT 544.28 728.20 Td (sole ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (purpose ) Tj ET Q q 0 0 0 rg BT 87.59 715.00 Td (is ) Tj ET Q q 0 0 0 rg BT 97.70 715.00 Td (to ) Tj ET Q q 0 0 0 rg BT 109.02 715.00 Td (change ) Tj ET Q q 0 0 0 rg BT 142.93 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.14 715.00 Td (state ) Tj ET Q q 0 0 0 rg BT 182.06 715.00 Td (of ) Tj ET Q q 0 0 0 rg BT 193.99 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 210.19 715.00 Td (Company) Tj ET Q q 0 0 0 rg BT 256.02 715.00 Td (s ) Tj ET Q q 0 0 0 rg BT 263.07 715.00 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 327.85 715.00 Td (or ) Tj ET Q q 0 0 0 rg BT 339.78 715.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 355.98 715.00 Td (its ) Tj ET Q q 0 0 0 rg BT 369.14 715.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 389.63 715.00 Td (purpose ) Tj ET Q q 0 0 0 rg BT 427.22 715.00 Td (is ) Tj ET Q q 0 0 0 rg BT 437.32 715.00 Td (to ) Tj ET Q q 0 0 0 rg BT 448.64 715.00 Td (create ) Tj ET Q q 0 0 0 rg BT 477.66 715.00 Td (a ) Tj ET Q q 0 0 0 rg BT 485.31 715.00 Td (holding ) Tj ET Q q 0 0 0 rg BT 521.68 715.00 Td (company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (that ) Tj ET Q q 0 0 0 rg BT 68.36 701.80 Td (will ) Tj ET Q q 0 0 0 rg BT 87.35 701.80 Td (be ) Tj ET Q q 0 0 0 rg BT 99.60 701.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 130.79 701.80 Td (in ) Tj ET Q q 0 0 0 rg BT 141.22 701.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 198.69 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.00 701.80 Td (same ) Tj ET Q q 0 0 0 rg BT 238.47 701.80 Td (proportions ) Tj ET Q q 0 0 0 rg BT 291.06 701.80 Td (by ) Tj ET Q q 0 0 0 rg BT 303.93 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 701.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 354.71 701.80 Td (who ) Tj ET Q q 0 0 0 rg BT 375.53 701.80 Td (held ) Tj ET Q q 0 0 0 rg BT 396.33 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 411.64 701.80 Td (Company) Tj ET Q q 0 0 0 rg BT 457.47 701.80 Td (s ) Tj ET Q q 0 0 0 rg BT 463.62 701.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 507.03 701.80 Td (immediately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (before ) Tj ET Q q 0 0 0 rg BT 80.84 688.60 Td (such ) Tj ET Q q 0 0 0 rg BT 103.75 688.60 Td (transaction.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 661.80 Td (\(c\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 660.33369140625 m 192.22998046875 660.33369140625 l s q 0 0 0 rg BT 158.00 661.80 Td (Closing) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.23 661.80 Td (. ) Tj ET Q q 0 0 0 rg BT 197.24 661.80 Td (For ) Tj ET Q q 0 0 0 rg BT 214.78 661.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 256.14 661.80 Td (of ) Tj ET Q q 0 0 0 rg BT 267.56 661.80 Td (this ) Tj ET Q q 0 0 0 rg BT 285.21 661.80 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 339.09 661.80 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 343.97 661.80 Td (Closing) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 379.42 661.80 Td ( ) Tj ET Q q 0 0 0 rg BT 386.56 661.80 Td (means ) Tj ET Q q 0 0 0 rg BT 416.92 661.80 Td (the ) Tj ET Q q 0 0 0 rg BT 432.62 661.80 Td (closing ) Tj ET Q q 0 0 0 rg BT 466.65 661.80 Td (of ) Tj ET Q q 0 0 0 rg BT 478.07 661.80 Td (the ) Tj ET Q q 0 0 0 rg BT 493.77 661.80 Td (first ) Tj ET Q q 0 0 0 rg BT 513.74 661.80 Td (transaction ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 648.60 Td (constituting ) Tj ET Q q 0 0 0 rg BT 104.69 648.60 Td (a ) Tj ET Q q 0 0 0 rg BT 112.33 648.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 148.68 648.60 Td (in ) Tj ET Q q 0 0 0 rg BT 159.98 648.60 Td (Control ) Tj ET Q q 0 0 0 rg BT 196.35 648.60 Td (that ) Tj ET Q q 0 0 0 rg BT 215.59 648.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 247.05 648.60 Td (on ) Tj ET Q q 0 0 0 rg BT 260.80 648.60 Td (or ) Tj ET Q q 0 0 0 rg BT 272.71 648.60 Td (following ) Tj ET Q q 0 0 0 rg BT 318.24 648.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.43 648.60 Td (Start ) Tj ET Q q 0 0 0 rg BT 357.95 648.60 Td (Date.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 621.70 Td (\(d\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 620.23369140625 m 244.6435546875 620.23369140625 l s q 0 0 0 rg BT 158.00 621.70 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 201.87 621.70 Td (Payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 244.64 621.70 Td (. ) Tj ET Q q 0 0 0 rg BT 252.18 621.70 Td (For ) Tj ET Q q 0 0 0 rg BT 272.25 621.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 316.15 621.70 Td (of ) Tj ET Q q 0 0 0 rg BT 330.10 621.70 Td (this ) Tj ET Q q 0 0 0 rg BT 349.72 621.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 406.13 621.70 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 411.01 621.70 Td (Deferr) Tj ET Q q 0 0 0 rg BT 441.95 621.70 Td (ed ) Tj ET Q q 0 0 0 rg BT 457.73 621.70 Td (Payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.56 621.70 Td ( ) Tj ET Q q 0 0 0 rg BT 513.23 621.70 Td (means ) Tj ET Q q 0 0 0 rg BT 546.12 621.70 Td (any ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 608.50 Td (severance ) Tj ET Q q 0 0 0 rg BT 96.11 608.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 114.75 608.50 Td (or ) Tj ET Q q 0 0 0 rg BT 126.66 608.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 164.24 608.50 Td (to ) Tj ET Q q 0 0 0 rg BT 175.55 608.50 Td (be ) Tj ET Q q 0 0 0 rg BT 188.68 608.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 210.38 608.50 Td (or ) Tj ET Q q 0 0 0 rg BT 222.29 608.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 264.15 608.50 Td (to ) Tj ET Q q 0 0 0 rg BT 275.46 608.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 322.19 608.50 Td (\(or ) Tj ET Q q 0 0 0 rg BT 337.77 608.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 384.81 608.50 Td (s ) Tj ET Q q 0 0 0 rg BT 391.84 608.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 419.63 608.50 Td (or ) Tj ET Q q 0 0 0 rg BT 431.55 608.50 Td (beneficiaries\) ) Tj ET Q q 0 0 0 rg BT 494.16 608.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 534.79 608.50 Td (to ) Tj ET Q q 0 0 0 rg BT 546.10 608.50 Td (this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 595.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 100.70 595.30 Td (and ) Tj ET Q q 0 0 0 rg BT 118.43 595.30 Td (any ) Tj ET Q q 0 0 0 rg BT 136.15 595.30 Td (other ) Tj ET Q q 0 0 0 rg BT 160.59 595.30 Td (severance ) Tj ET Q q 0 0 0 rg BT 205.78 595.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 249.78 595.30 Td (or ) Tj ET Q q 0 0 0 rg BT 260.78 595.30 Td (separation ) Tj ET Q q 0 0 0 rg BT 307.82 595.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 344.48 595.30 Td (to ) Tj ET Q q 0 0 0 rg BT 354.87 595.30 Td (be ) Tj ET Q q 0 0 0 rg BT 367.09 595.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 387.87 595.30 Td (or ) Tj ET Q q 0 0 0 rg BT 398.87 595.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 439.81 595.30 Td (to ) Tj ET Q q 0 0 0 rg BT 450.21 595.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 496.02 595.30 Td (\(or ) Tj ET Q q 0 0 0 rg BT 510.69 595.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.72 595.30 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 78.94 582.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.01 582.10 Td (beneficiaries\), ) Tj ET Q q 0 0 0 rg BT 158.51 582.10 Td (that ) Tj ET Q q 0 0 0 rg BT 178.91 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.37 582.10 Td (each ) Tj ET Q q 0 0 0 rg BT 215.42 582.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 241.00 582.10 Td (when ) Tj ET Q q 0 0 0 rg BT 268.73 582.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 320.28 582.10 Td (together) Tj ET Q q 0 0 0 rg BT 355.88 582.10 Td (, ) Tj ET Q q 0 0 0 rg BT 362.53 582.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.87 582.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 431.42 582.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 471.96 582.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 536.96 582.10 Td (under ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 568.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 85.74 568.90 Td (409A.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 542.15 Td (\(e\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 540.68369140625 m 201.0302734375 540.68369140625 l s q 0 0 0 rg BT 158.00 542.15 Td (Disability) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 200.67 542.15 Td (. ) Tj ET Q q 0 0 0 rg BT 207.23 542.15 Td (For ) Tj ET Q q 0 0 0 rg BT 226.32 542.15 Td (purposes ) Tj ET Q q 0 0 0 rg BT 269.24 542.15 Td (of ) Tj ET Q q 0 0 0 rg BT 282.21 542.15 Td (this ) Tj ET Q q 0 0 0 rg BT 301.07 542.15 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 356.49 542.15 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 361.37 542.15 Td (Disability) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 406.60 542.15 Td ( ) Tj ET Q q 0 0 0 rg BT 415.29 542.15 Td (means ) Tj ET Q q 0 0 0 rg BT 447.20 542.15 Td (Executive ) Tj ET Q q 0 0 0 rg BT 494.99 542.15 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 509.18 542.15 Td (is ) Tj ET Q q 0 0 0 rg BT 520.33 542.15 Td (unable ) Tj ET Q q 0 0 0 rg BT 553.46 542.15 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 528.95 Td (engage ) Tj ET Q q 0 0 0 rg BT 84.69 528.95 Td (in ) Tj ET Q q 0 0 0 rg BT 96.80 528.95 Td (any ) Tj ET Q q 0 0 0 rg BT 116.23 528.95 Td (substantial ) Tj ET Q q 0 0 0 rg BT 166.83 528.95 Td (gainful ) Tj ET Q q 0 0 0 rg BT 201.53 528.95 Td (activity ) Tj ET Q q 0 0 0 rg BT 238.07 528.95 Td (by ) Tj ET Q q 0 0 0 rg BT 252.62 528.95 Td (reason ) Tj ET Q q 0 0 0 rg BT 284.87 528.95 Td (of ) Tj ET Q q 0 0 0 rg BT 297.59 528.95 Td (any ) Tj ET Q q 0 0 0 rg BT 317.02 528.95 Td (medically ) Tj ET Q q 0 0 0 rg BT 363.94 528.95 Td (determinable ) Tj ET Q q 0 0 0 rg BT 424.90 528.95 Td (physical ) Tj ET Q q 0 0 0 rg BT 465.11 528.95 Td (or ) Tj ET Q q 0 0 0 rg BT 477.82 528.95 Td (mental ) Tj ET Q q 0 0 0 rg BT 511.30 528.95 Td (impairment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 515.75 Td (which ) Tj ET Q q 0 0 0 rg BT 79.36 515.75 Td (can ) Tj ET Q q 0 0 0 rg BT 97.10 515.75 Td (be ) Tj ET Q q 0 0 0 rg BT 109.95 515.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 151.51 515.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.54 515.75 Td (result ) Tj ET Q q 0 0 0 rg BT 189.46 515.75 Td (in ) Tj ET Q q 0 0 0 rg BT 200.49 515.75 Td (death ) Tj ET Q q 0 0 0 rg BT 226.78 515.75 Td (or ) Tj ET Q q 0 0 0 rg BT 238.42 515.75 Td (can ) Tj ET Q q 0 0 0 rg BT 256.16 515.75 Td (be ) Tj ET Q q 0 0 0 rg BT 269.02 515.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 310.58 515.75 Td (to ) Tj ET Q q 0 0 0 rg BT 321.61 515.75 Td (last ) Tj ET Q q 0 0 0 rg BT 339.36 515.75 Td (for ) Tj ET Q q 0 0 0 rg BT 354.66 515.75 Td (a ) Tj ET Q q 0 0 0 rg BT 362.02 515.75 Td (continuous ) Tj ET Q q 0 0 0 rg BT 412.77 515.75 Td (period ) Tj ET Q q 0 0 0 rg BT 443.34 515.75 Td (of ) Tj ET Q q 0 0 0 rg BT 454.98 515.75 Td (not ) Tj ET Q q 0 0 0 rg BT 471.51 515.75 Td (less ) Tj ET Q q 0 0 0 rg BT 490.48 515.75 Td (than ) Tj ET Q q 0 0 0 rg BT 511.90 515.75 Td (twelve ) Tj ET Q q 0 0 0 rg BT 543.69 515.75 Td (\(12\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 502.55 Td (months, ) Tj ET Q q 0 0 0 rg BT 88.03 502.55 Td (or ) Tj ET Q q 0 0 0 rg BT 100.08 502.55 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 116.41 502.55 Td (is, ) Tj ET Q q 0 0 0 rg BT 129.38 502.55 Td (by ) Tj ET Q q 0 0 0 rg BT 143.27 502.55 Td (reason ) Tj ET Q q 0 0 0 rg BT 174.87 502.55 Td (of ) Tj ET Q q 0 0 0 rg BT 186.92 502.55 Td (any ) Tj ET Q q 0 0 0 rg BT 205.69 502.55 Td (medically ) Tj ET Q q 0 0 0 rg BT 251.95 502.55 Td (determinable ) Tj ET Q q 0 0 0 rg BT 312.26 502.55 Td (physical ) Tj ET Q q 0 0 0 rg BT 351.80 502.55 Td (or ) Tj ET Q q 0 0 0 rg BT 363.85 502.55 Td (mental ) Tj ET Q q 0 0 0 rg BT 396.67 502.55 Td (impairment ) Tj ET Q q 0 0 0 rg BT 450.27 502.55 Td (which ) Tj ET Q q 0 0 0 rg BT 480.04 502.55 Td (can ) Tj ET Q q 0 0 0 rg BT 498.19 502.55 Td (be ) Tj ET Q q 0 0 0 rg BT 511.46 502.55 Td (expected ) Tj ET Q q 0 0 0 rg BT 553.44 502.55 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 489.35 Td (last ) Tj ET Q q 0 0 0 rg BT 68.25 489.35 Td (for ) Tj ET Q q 0 0 0 rg BT 84.05 489.35 Td (a ) Tj ET Q q 0 0 0 rg BT 91.90 489.35 Td (continuous ) Tj ET Q q 0 0 0 rg BT 143.15 489.35 Td (period ) Tj ET Q q 0 0 0 rg BT 174.23 489.35 Td (of ) Tj ET Q q 0 0 0 rg BT 186.36 489.35 Td (not ) Tj ET Q q 0 0 0 rg BT 203.39 489.35 Td (less ) Tj ET Q q 0 0 0 rg BT 222.87 489.35 Td (than ) Tj ET Q q 0 0 0 rg BT 244.78 489.35 Td (twelve ) Tj ET Q q 0 0 0 rg BT 277.07 489.35 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 298.37 489.35 Td (months, ) Tj ET Q q 0 0 0 rg BT 336.49 489.35 Td (receiving ) Tj ET Q q 0 0 0 rg BT 380.38 489.35 Td (income ) Tj ET Q q 0 0 0 rg BT 415.73 489.35 Td (replacement ) Tj ET Q q 0 0 0 rg BT 472.45 489.35 Td (benefits ) Tj ET Q q 0 0 0 rg BT 510.24 489.35 Td (for ) Tj ET Q q 0 0 0 rg BT 526.04 489.35 Td (a ) Tj ET Q q 0 0 0 rg BT 533.90 489.35 Td (period ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 476.15 Td (of ) Tj ET Q q 0 0 0 rg BT 61.91 476.15 Td (not ) Tj ET Q q 0 0 0 rg BT 78.72 476.15 Td (less ) Tj ET Q q 0 0 0 rg BT 97.97 476.15 Td (than ) Tj ET Q q 0 0 0 rg BT 119.66 476.15 Td (three ) Tj ET Q q 0 0 0 rg BT 144.39 476.15 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 159.97 476.15 Td (months ) Tj ET Q q 0 0 0 rg BT 195.11 476.15 Td (under ) Tj ET Q q 0 0 0 rg BT 222.91 476.15 Td (an ) Tj ET Q q 0 0 0 rg BT 236.04 476.15 Td (accident ) Tj ET Q q 0 0 0 rg BT 275.43 476.15 Td (and ) Tj ET Q q 0 0 0 rg BT 294.06 476.15 Td (health ) Tj ET Q q 0 0 0 rg BT 323.69 476.15 Td (plan ) Tj ET Q q 0 0 0 rg BT 345.38 476.15 Td (covering ) Tj ET Q q 0 0 0 rg BT 386.61 476.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.14 476.15 Td (employees.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 449.20 Td (\(f\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 447.73369140625 m 222.30810546875 447.73369140625 l s q 0 0 0 rg BT 158.00 449.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 189.10 449.20 Td (A) Tj ET Q q 0 0 0 rg BT 196.04 449.20 Td (wards) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 222.31 449.20 Td (. ) Tj ET Q q 0 0 0 rg BT 227.33 449.20 Td (For ) Tj ET Q q 0 0 0 rg BT 244.89 449.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 286.27 449.20 Td (of ) Tj ET Q q 0 0 0 rg BT 297.71 449.20 Td (this ) Tj ET Q q 0 0 0 rg BT 315.37 449.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 369.27 449.20 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 374.15 449.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 407.71 449.20 Td (A) Tj ET Q q 0 0 0 rg BT 414.84 449.20 Td (wards) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 443.56 449.20 Td ( ) Tj ET Q q 0 0 0 rg BT 450.72 449.20 Td (means ) Tj ET Q q 0 0 0 rg BT 481.10 449.20 Td (any ) Tj ET Q q 0 0 0 rg BT 499.25 449.20 Td (of ) Tj ET Q q 0 0 0 rg BT 510.69 449.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 557.73 449.20 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 75.80 436.00 Td (options ) Tj ET Q q 0 0 0 rg BT 110.77 436.00 Td (to ) Tj ET Q q 0 0 0 rg BT 121.90 436.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 163.57 436.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 193.64 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 205.38 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.40 436.00 Td (Company) Tj ET Q q 0 0 0 rg BT 267.23 436.00 Td (s ) Tj ET Q q 0 0 0 rg BT 274.09 436.00 Td (common ) Tj ET Q q 0 0 0 rg BT 315.16 436.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 343.71 436.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 387.21 436.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 417.28 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 429.02 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 445.03 436.00 Td (Company) Tj ET Q q 0 0 0 rg BT 490.86 436.00 Td (s ) Tj ET Q q 0 0 0 rg BT 497.72 436.00 Td (common ) Tj ET Q q 0 0 0 rg BT 538.80 436.00 Td (stock ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 422.80 Td (\(including ) Tj ET Q q 0 0 0 rg BT 96.61 422.80 Td (unvested ) Tj ET Q q 0 0 0 rg BT 137.11 422.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 166.00 422.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 211.38 422.80 Td (has ) Tj ET Q q 0 0 0 rg BT 227.44 422.80 Td (purchased ) Tj ET Q q 0 0 0 rg BT 273.43 422.80 Td (through ) Tj ET Q q 0 0 0 rg BT 309.05 422.80 Td (an ) Tj ET Q q 0 0 0 rg BT 320.83 422.80 Td (early ) Tj ET Q q 0 0 0 rg BT 344.22 422.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 381.65 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 392.21 422.80 Td (a ) Tj ET Q q 0 0 0 rg BT 398.49 422.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 423.11 422.80 Td (option ) Tj ET Q q 0 0 0 rg BT 452.62 422.80 Td (grant\), ) Tj ET Q q 0 0 0 rg BT 483.03 422.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 507.65 422.80 Td (appreciation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 409.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 79.67 409.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 122.45 409.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 147.53 409.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 173.53 409.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 230.96 409.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 263.06 409.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 320.50 409.60 Td (units ) Tj ET Q q 0 0 0 rg BT 343.75 409.60 Td (and ) Tj ET Q q 0 0 0 rg BT 361.49 409.60 Td (any ) Tj ET Q q 0 0 0 rg BT 379.24 409.60 Td (other ) Tj ET Q q 0 0 0 rg BT 403.70 409.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 433.05 409.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 496.01 409.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 529.02 409.60 Td (granted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 396.40 Td (by ) Tj ET Q q 0 0 0 rg BT 63.75 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 79.94 396.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.46 396.40 Td (or ) Tj ET Q q 0 0 0 rg BT 137.38 396.40 Td (any ) Tj ET Q q 0 0 0 rg BT 156.01 396.40 Td (successor ) Tj ET Q q 0 0 0 rg BT 200.91 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 212.82 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.01 396.40 Td (Company) Tj ET Q q 0 0 0 rg BT 271.07 396.40 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 369.65 Td (\(g\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 368.18369140625 m 216.25634765625 368.18369140625 l s q 0 0 0 rg BT 158.00 369.65 Td (Good ) Tj ET Q q 0 0 0 rg BT 183.87 369.65 Td (Reason) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 216.26 369.65 Td (. ) Tj ET Q q 0 0 0 rg BT 220.44 369.65 Td (For ) Tj ET Q q 0 0 0 rg BT 237.15 369.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 277.68 369.65 Td (of ) Tj ET Q q 0 0 0 rg BT 288.28 369.65 Td (this ) Tj ET Q q 0 0 0 rg BT 305.29 369.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 358.33 369.65 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 363.21 369.65 Td (Good ) Tj ET Q q 0 0 0 rg BT 390.32 369.65 Td (Reason) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 424.54 369.65 Td ( ) Tj ET Q q 0 0 0 rg BT 430.85 369.65 Td (means ) Tj ET Q q 0 0 0 rg BT 460.39 369.65 Td (Executive) Tj ET Q q 0 0 0 rg BT 507.42 369.65 Td (s ) Tj ET Q q 0 0 0 rg BT 513.13 369.65 Td (resignation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 356.45 Td (within ) Tj ET Q q 0 0 0 rg BT 79.68 356.45 Td (thirty ) Tj ET Q q 0 0 0 rg BT 105.08 356.45 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 124.98 356.45 Td (days ) Tj ET Q q 0 0 0 rg BT 146.71 356.45 Td (following ) Tj ET Q q 0 0 0 rg BT 191.05 356.45 Td (the ) Tj ET Q q 0 0 0 rg BT 206.06 356.45 Td (expiration ) Tj ET Q q 0 0 0 rg BT 252.22 356.45 Td (of ) Tj ET Q q 0 0 0 rg BT 262.95 356.45 Td (any ) Tj ET Q q 0 0 0 rg BT 280.40 356.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.75 356.45 Td (cure ) Tj ET Q q 0 0 0 rg BT 345.24 356.45 Td (period ) Tj ET Q q 0 0 0 rg BT 374.91 356.45 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 422.31 356.45 Td (below\) ) Tj ET Q q 0 0 0 rg BT 454.42 356.45 Td (following ) Tj ET Q q 0 0 0 rg BT 498.77 356.45 Td (the ) Tj ET Q q 0 0 0 rg BT 513.77 356.45 Td (occurrence ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.19 343.25 Td (one ) Tj ET Q q 0 0 0 rg BT 79.09 343.25 Td (or ) Tj ET Q q 0 0 0 rg BT 90.28 343.25 Td (more ) Tj ET Q q 0 0 0 rg BT 114.90 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.09 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.55 343.25 Td (following, ) Tj ET Q q 0 0 0 rg BT 189.09 343.25 Td (without ) Tj ET Q q 0 0 0 rg BT 224.73 343.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 271.76 343.25 Td (s ) Tj ET Q q 0 0 0 rg BT 278.07 343.25 Td (consent: ) Tj ET Q q 0 0 0 rg BT 316.75 343.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 329.15 343.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.06 343.25 Td (material ) Tj ET Q q 0 0 0 rg BT 374.11 343.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 417.68 343.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.25 343.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 475.29 343.25 Td (s ) Tj ET Q q 0 0 0 rg BT 481.59 343.25 Td (Base ) Tj ET Q q 0 0 0 rg BT 505.00 343.25 Td (Salary ) Tj ET Q q 0 0 0 rg BT 535.12 343.25 Td (which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 330.05 Td (reduction ) Tj ET Q q 0 0 0 rg BT 96.69 330.05 Td (is ) Tj ET Q q 0 0 0 rg BT 109.18 330.05 Td (not ) Tj ET Q q 0 0 0 rg BT 128.39 330.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 178.74 330.05 Td (to ) Tj ET Q q 0 0 0 rg BT 192.45 330.05 Td (a ) Tj ET Q q 0 0 0 rg BT 202.49 330.05 Td (majority ) Tj ET Q q 0 0 0 rg BT 244.91 330.05 Td (of ) Tj ET Q q 0 0 0 rg BT 259.23 330.05 Td (the ) Tj ET Q q 0 0 0 rg BT 277.82 330.05 Td (Company) Tj ET Q q 0 0 0 rg BT 323.65 330.05 Td (s ) Tj ET Q q 0 0 0 rg BT 333.08 330.05 Td (senior ) Tj ET Q q 0 0 0 rg BT 365.12 330.05 Td (management, ) Tj ET Q q 0 0 0 rg BT 429.22 330.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 477.75 330.05 Td (the ) Tj ET Q q 0 0 0 rg BT 496.34 330.05 Td (substitution ) Tj ET Q q 0 0 0 rg BT 552.83 330.05 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 316.85 Td (substantially ) Tj ET Q q 0 0 0 rg BT 110.39 316.85 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 160.99 316.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 226.86 316.85 Td (and ) Tj ET Q q 0 0 0 rg BT 247.53 316.85 Td (benefits; ) Tj ET Q q 0 0 0 rg BT 290.19 316.85 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 308.41 316.85 Td (a ) Tj ET Q q 0 0 0 rg BT 318.07 316.85 Td (material ) Tj ET Q q 0 0 0 rg BT 358.89 316.85 Td (reduction ) Tj ET Q q 0 0 0 rg BT 405.21 316.85 Td (of ) Tj ET Q q 0 0 0 rg BT 419.15 316.85 Td (Executive) Tj ET Q q 0 0 0 rg BT 466.19 316.85 Td (s ) Tj ET Q q 0 0 0 rg BT 475.25 316.85 Td (authority) Tj ET Q q 0 0 0 rg BT 514.25 316.85 Td (, ) Tj ET Q q 0 0 0 rg BT 521.78 316.85 Td (duties ) Tj ET Q q 0 0 0 rg BT 552.84 316.85 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 303.65 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 123.43 303.65 Td (unless ) Tj ET Q q 0 0 0 rg BT 155.00 303.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 203.04 303.65 Td (is ) Tj ET Q q 0 0 0 rg BT 214.45 303.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 257.62 303.65 Td (with ) Tj ET Q q 0 0 0 rg BT 281.25 303.65 Td (a ) Tj ET Q q 0 0 0 rg BT 290.20 303.65 Td (comparable ) Tj ET Q q 0 0 0 rg BT 345.58 303.65 Td (position; ) Tj ET Q q 0 0 0 rg BT 388.15 303.65 Td (provided, ) Tj ET Q q 0 0 0 rg BT 434.07 303.65 Td (however) Tj ET Q q 0 0 0 rg BT 471.50 303.65 Td (, ) Tj ET Q q 0 0 0 rg BT 478.32 303.65 Td (that ) Tj ET Q q 0 0 0 rg BT 498.89 303.65 Td (a ) Tj ET Q q 0 0 0 rg BT 507.84 303.65 Td (reduction ) Tj ET Q q 0 0 0 rg BT 553.45 303.65 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 290.45 Td (authority) Tj ET Q q 0 0 0 rg BT 89.00 290.45 Td (, ) Tj ET Q q 0 0 0 rg BT 93.91 290.45 Td (duties, ) Tj ET Q q 0 0 0 rg BT 125.09 290.45 Td (or ) Tj ET Q q 0 0 0 rg BT 136.41 290.45 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 205.18 290.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 248.27 290.45 Td (by ) Tj ET Q q 0 0 0 rg BT 261.42 290.45 Td (virtue ) Tj ET Q q 0 0 0 rg BT 289.24 290.45 Td (of ) Tj ET Q q 0 0 0 rg BT 300.56 290.45 Td (the ) Tj ET Q q 0 0 0 rg BT 316.16 290.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 361.09 290.45 Td (being ) Tj ET Q q 0 0 0 rg BT 387.69 290.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 427.71 290.45 Td (and ) Tj ET Q q 0 0 0 rg BT 445.75 290.45 Td (made ) Tj ET Q q 0 0 0 rg BT 471.73 290.45 Td (part ) Tj ET Q q 0 0 0 rg BT 490.99 290.45 Td (of ) Tj ET Q q 0 0 0 rg BT 502.31 290.45 Td (a ) Tj ET Q q 0 0 0 rg BT 509.35 290.45 Td (lar) Tj ET Q q 0 0 0 rg BT 520.75 290.45 Td (ger ) Tj ET Q q 0 0 0 rg BT 536.95 290.45 Td (entity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 87.53 277.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.80 277.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.79 277.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 150.30 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 155.16 277.25 Td (business ) Tj ET Q q 0 0 0 rg BT 194.54 277.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 213.76 277.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.03 277.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 269.90 277.25 Td (\(as, ) Tj ET Q q 0 0 0 rg BT 287.59 277.25 Td (for ) Tj ET Q q 0 0 0 rg BT 302.52 277.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 344.64 277.25 Td (when ) Tj ET Q q 0 0 0 rg BT 370.57 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.12 277.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 412.66 277.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 458.75 277.25 Td (Of) Tj ET Q q 0 0 0 rg BT 470.15 277.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 492.41 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.68 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.22 277.25 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 264.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 87.17 264.05 Td (as ) Tj ET Q q 0 0 0 rg BT 98.68 264.05 Td (such ) Tj ET Q q 0 0 0 rg BT 121.18 264.05 Td (following ) Tj ET Q q 0 0 0 rg BT 166.31 264.05 Td (an ) Tj ET Q q 0 0 0 rg BT 179.03 264.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 229.65 264.05 Td (where ) Tj ET Q q 0 0 0 rg BT 258.87 264.05 Td (the ) Tj ET Q q 0 0 0 rg BT 274.65 264.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.77 264.05 Td (becomes ) Tj ET Q q 0 0 0 rg BT 360.60 264.05 Td (a ) Tj ET Q q 0 0 0 rg BT 367.83 264.05 Td (wholly ) Tj ET Q q 0 0 0 rg BT 400.73 264.05 Td (owned ) Tj ET Q q 0 0 0 rg BT 432.40 264.05 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 479.97 264.05 Td (of ) Tj ET Q q 0 0 0 rg BT 491.48 264.05 Td (the ) Tj ET Q q 0 0 0 rg BT 507.26 264.05 Td (acquirer) Tj ET Q q 0 0 0 rg BT 542.85 264.05 Td (, ) Tj ET Q q 0 0 0 rg BT 547.95 264.05 Td (but ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 250.85 Td (is ) Tj ET Q q 0 0 0 rg BT 60.71 250.85 Td (not ) Tj ET Q q 0 0 0 rg BT 78.14 250.85 Td (made ) Tj ET Q q 0 0 0 rg BT 105.34 250.85 Td (the ) Tj ET Q q 0 0 0 rg BT 122.15 250.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 149.96 250.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 197.32 250.85 Td (Of) Tj ET Q q 0 0 0 rg BT 208.72 250.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 232.25 250.85 Td (of ) Tj ET Q q 0 0 0 rg BT 244.78 250.85 Td (the ) Tj ET Q q 0 0 0 rg BT 261.60 250.85 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 306.51 250.85 Td (corporation\) ) Tj ET Q q 0 0 0 rg BT 364.25 250.85 Td (will ) Tj ET Q q 0 0 0 rg BT 384.74 250.85 Td (not ) Tj ET Q q 0 0 0 rg BT 402.17 250.85 Td (constitute ) Tj ET Q q 0 0 0 rg BT 448.31 250.85 Td (Good ) Tj ET Q q 0 0 0 rg BT 481.01 250.85 Td (Reason; ) Tj ET Q q 0 0 0 rg BT 524.71 250.85 Td (or ) Tj ET Q q 0 0 0 rg BT 537.25 250.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 557.12 250.85 Td (a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 237.65 Td (material ) Tj ET Q q 0 0 0 rg BT 88.20 237.65 Td (change ) Tj ET Q q 0 0 0 rg BT 121.51 237.65 Td (in ) Tj ET Q q 0 0 0 rg BT 132.23 237.65 Td (the ) Tj ET Q q 0 0 0 rg BT 147.83 237.65 Td (geographic ) Tj ET Q q 0 0 0 rg BT 198.86 237.65 Td (location ) Tj ET Q q 0 0 0 rg BT 236.45 237.65 Td (of ) Tj ET Q q 0 0 0 rg BT 247.78 237.65 Td (Executive) Tj ET Q q 0 0 0 rg BT 294.81 237.65 Td (s ) Tj ET Q q 0 0 0 rg BT 301.26 237.65 Td (primary ) Tj ET Q q 0 0 0 rg BT 338.24 237.65 Td (work ) Tj ET Q q 0 0 0 rg BT 363.01 237.65 Td (facility ) Tj ET Q q 0 0 0 rg BT 396.33 237.65 Td (or ) Tj ET Q q 0 0 0 rg BT 407.65 237.65 Td (location; ) Tj ET Q q 0 0 0 rg BT 448.31 237.65 Td (provided, ) Tj ET Q q 0 0 0 rg BT 492.32 237.65 Td (that ) Tj ET Q q 0 0 0 rg BT 510.98 237.65 Td (a ) Tj ET Q q 0 0 0 rg BT 518.02 237.65 Td (relocation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 61.74 224.45 Td (fifty ) Tj ET Q q 0 0 0 rg BT 83.25 224.45 Td (\(50\) ) Tj ET Q q 0 0 0 rg BT 104.15 224.45 Td (miles ) Tj ET Q q 0 0 0 rg BT 130.56 224.45 Td (or ) Tj ET Q q 0 0 0 rg BT 142.29 224.45 Td (less ) Tj ET Q q 0 0 0 rg BT 161.37 224.45 Td (from ) Tj ET Q q 0 0 0 rg BT 185.32 224.45 Td (Executive) Tj ET Q q 0 0 0 rg BT 232.36 224.45 Td (s ) Tj ET Q q 0 0 0 rg BT 239.21 224.45 Td (then ) Tj ET Q q 0 0 0 rg BT 260.73 224.45 Td (present ) Tj ET Q q 0 0 0 rg BT 295.07 224.45 Td (location ) Tj ET Q q 0 0 0 rg BT 333.07 224.45 Td (or ) Tj ET Q q 0 0 0 rg BT 344.81 224.45 Td (to ) Tj ET Q q 0 0 0 rg BT 355.94 224.45 Td (Executive) Tj ET Q q 0 0 0 rg BT 402.98 224.45 Td (s ) Tj ET Q q 0 0 0 rg BT 409.83 224.45 Td (home ) Tj ET Q q 0 0 0 rg BT 436.84 224.45 Td (as ) Tj ET Q q 0 0 0 rg BT 448.58 224.45 Td (his ) Tj ET Q q 0 0 0 rg BT 463.99 224.45 Td (primary ) Tj ET Q q 0 0 0 rg BT 501.39 224.45 Td (work ) Tj ET Q q 0 0 0 rg BT 526.57 224.45 Td (location ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (will ) Tj ET Q q 0 0 0 rg BT 70.65 211.25 Td (not ) Tj ET Q q 0 0 0 rg BT 88.25 211.25 Td (be ) Tj ET Q q 0 0 0 rg BT 102.17 211.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 153.36 211.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.79 211.25 Td (material ) Tj ET Q q 0 0 0 rg BT 201.36 211.25 Td (change ) Tj ET Q q 0 0 0 rg BT 236.05 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.15 211.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 300.55 211.25 Td (location. ) Tj ET Q q 0 0 0 rg BT 342.28 211.25 Td (In ) Tj ET Q q 0 0 0 rg BT 354.98 211.25 Td (order ) Tj ET Q q 0 0 0 rg BT 381.73 211.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.10 211.25 Td (an ) Tj ET Q q 0 0 0 rg BT 412.02 211.25 Td (event ) Tj ET Q q 0 0 0 rg BT 439.38 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.48 211.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 486.18 211.25 Td (as ) Tj ET Q q 0 0 0 rg BT 498.88 211.25 Td (Good ) Tj ET Q q 0 0 0 rg BT 526.87 211.25 Td (Reason, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 198.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.14 198.05 Td (must ) Tj ET Q q 0 0 0 rg BT 119.69 198.05 Td (not ) Tj ET Q q 0 0 0 rg BT 135.90 198.05 Td (terminate ) Tj ET Q q 0 0 0 rg BT 179.59 198.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 236.74 198.05 Td (with ) Tj ET Q q 0 0 0 rg BT 258.45 198.05 Td (the ) Tj ET Q q 0 0 0 rg BT 274.05 198.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.98 198.05 Td (without ) Tj ET Q q 0 0 0 rg BT 354.75 198.05 Td (first ) Tj ET Q q 0 0 0 rg BT 374.63 198.05 Td (providing ) Tj ET Q q 0 0 0 rg BT 419.56 198.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.16 198.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.09 198.05 Td (with ) Tj ET Q q 0 0 0 rg BT 501.81 198.05 Td (written ) Tj ET Q q 0 0 0 rg BT 535.12 198.05 Td (notice ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 184.85 Td (of ) Tj ET Q q 0 0 0 rg BT 61.61 184.85 Td (the ) Tj ET Q q 0 0 0 rg BT 77.49 184.85 Td (acts ) Tj ET Q q 0 0 0 rg BT 97.03 184.85 Td (or ) Tj ET Q q 0 0 0 rg BT 108.64 184.85 Td (omissions ) Tj ET Q q 0 0 0 rg BT 155.10 184.85 Td (constituting ) Tj ET Q q 0 0 0 rg BT 209.48 184.85 Td (the ) Tj ET Q q 0 0 0 rg BT 225.37 184.85 Td (grounds ) Tj ET Q q 0 0 0 rg BT 263.25 184.85 Td (for ) Tj ET Q q 0 0 0 rg BT 278.52 184.85 Td (Good ) Tj ET Q q 0 0 0 rg BT 310.29 184.85 Td (Reason ) Tj ET Q q 0 0 0 rg BT 350.00 184.85 Td (within ) Tj ET Q q 0 0 0 rg BT 380.56 184.85 Td (ninety ) Tj ET Q q 0 0 0 rg BT 410.50 184.85 Td (\(90\) ) Tj ET Q q 0 0 0 rg BT 431.27 184.85 Td (days ) Tj ET Q q 0 0 0 rg BT 453.87 184.85 Td (of ) Tj ET Q q 0 0 0 rg BT 465.48 184.85 Td (the ) Tj ET Q q 0 0 0 rg BT 481.36 184.85 Td (initial ) Tj ET Q q 0 0 0 rg BT 509.47 184.85 Td (existence ) Tj ET Q q 0 0 0 rg BT 552.84 184.85 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 171.65 Td (the ) Tj ET Q q 0 0 0 rg BT 66.65 171.65 Td (grounds ) Tj ET Q q 0 0 0 rg BT 105.30 171.65 Td (for ) Tj ET Q q 0 0 0 rg BT 121.34 171.65 Td (Good ) Tj ET Q q 0 0 0 rg BT 153.88 171.65 Td (Reason ) Tj ET Q q 0 0 0 rg BT 194.35 171.65 Td (and ) Tj ET Q q 0 0 0 rg BT 213.44 171.65 Td (a ) Tj ET Q q 0 0 0 rg BT 221.54 171.65 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 271.78 171.65 Td (cure ) Tj ET Q q 0 0 0 rg BT 293.92 171.65 Td (period ) Tj ET Q q 0 0 0 rg BT 325.23 171.65 Td (of ) Tj ET Q q 0 0 0 rg BT 337.60 171.65 Td (not ) Tj ET Q q 0 0 0 rg BT 354.87 171.65 Td (less ) Tj ET Q q 0 0 0 rg BT 374.58 171.65 Td (than ) Tj ET Q q 0 0 0 rg BT 396.73 171.65 Td (thirty ) Tj ET Q q 0 0 0 rg BT 423.77 171.65 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 445.31 171.65 Td (days ) Tj ET Q q 0 0 0 rg BT 468.68 171.65 Td (following ) Tj ET Q q 0 0 0 rg BT 514.66 171.65 Td (the ) Tj ET Q q 0 0 0 rg BT 531.31 171.65 Td (date ) Tj ET Q q 0 0 0 rg BT 552.84 171.65 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 158.45 Td (such ) Tj ET Q q 0 0 0 rg BT 73.50 158.45 Td (notice, ) Tj ET Q q 0 0 0 rg BT 106.46 158.45 Td (and ) Tj ET Q q 0 0 0 rg BT 125.67 158.45 Td (such ) Tj ET Q q 0 0 0 rg BT 149.17 158.45 Td (grounds ) Tj ET Q q 0 0 0 rg BT 187.95 158.45 Td (must ) Tj ET Q q 0 0 0 rg BT 212.68 158.45 Td (not ) Tj ET Q q 0 0 0 rg BT 230.07 158.45 Td (have ) Tj ET Q q 0 0 0 rg BT 254.17 158.45 Td (been ) Tj ET Q q 0 0 0 rg BT 278.26 158.45 Td (cured ) Tj ET Q q 0 0 0 rg BT 306.03 158.45 Td (during ) Tj ET Q q 0 0 0 rg BT 338.08 158.45 Td (such ) Tj ET Q q 0 0 0 rg BT 361.58 158.45 Td (time. ) Tj ET Q q 0 0 0 rg BT 386.47 158.45 Td (Any ) Tj ET Q q 0 0 0 rg BT 408.75 158.45 Td (resignation ) Tj ET Q q 0 0 0 rg BT 460.96 158.45 Td (for ) Tj ET Q q 0 0 0 rg BT 477.12 158.45 Td (Good ) Tj ET Q q 0 0 0 rg BT 504.90 158.45 Td (Reason ) Tj ET Q q 0 0 0 rg BT 540.62 158.45 Td (must ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 76.63 145.25 Td (within ) Tj ET Q q 0 0 0 rg BT 106.95 145.25 Td (two ) Tj ET Q q 0 0 0 rg BT 125.65 145.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 140.68 145.25 Td (years ) Tj ET Q q 0 0 0 rg BT 166.09 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.46 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.10 145.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 220.97 145.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 264.09 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.46 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.10 145.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 310.41 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 321.77 145.25 Td (omissions ) Tj ET Q q 0 0 0 rg BT 367.99 145.25 Td (constituting ) Tj ET Q q 0 0 0 rg BT 422.14 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.78 145.25 Td (grounds ) Tj ET Q q 0 0 0 rg BT 475.43 145.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.46 145.25 Td (Good ) Tj ET Q q 0 0 0 rg BT 521.99 145.25 Td (Reason.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 118.45 Td (\(h\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 116.98369140625005 m 234.3662109375 116.98369140625005 l s q 0 0 0 rg BT 158.00 118.45 Td (Severance ) Tj ET Q q 0 0 0 rg BT 205.65 118.45 Td (Period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.37 118.45 Td (. ) Tj ET Q q 0 0 0 rg BT 239.57 118.45 Td (For ) Tj ET Q q 0 0 0 rg BT 257.31 118.45 Td (purposes ) Tj ET Q q 0 0 0 rg BT 298.87 118.45 Td (of ) Tj ET Q q 0 0 0 rg BT 310.49 118.45 Td (this ) Tj ET Q q 0 0 0 rg BT 328.29 118.45 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 382.36 118.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 387.24 118.45 Td (Severance ) Tj ET Q q 0 0 0 rg BT 437.35 118.45 Td (Period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 468.50 118.45 Td ( ) Tj ET Q q 0 0 0 rg BT 475.84 118.45 Td (means ) Tj ET Q q 0 0 0 rg BT 506.40 118.45 Td (the ) Tj ET Q q 0 0 0 rg BT 522.29 118.45 Td (period ) Tj ET Q q 0 0 0 rg BT 552.85 118.45 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (time ) Tj ET Q q 0 0 0 rg BT 72.27 105.25 Td (commencing ) Tj ET Q q 0 0 0 rg BT 131.80 105.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 189.50 105.25 Td (after ) Tj ET Q q 0 0 0 rg BT 212.36 105.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 259.39 105.25 Td (s ) Tj ET Q q 0 0 0 rg BT 266.39 105.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 314.31 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.19 105.25 Td (service ) Tj ET Q q 0 0 0 rg BT 360.05 105.25 Td (from ) Tj ET Q q 0 0 0 rg BT 384.15 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.30 105.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.79 105.25 Td (through ) Tj ET Q q 0 0 0 rg BT 482.73 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.88 105.25 Td (date ) Tj ET Q q 0 0 0 rg BT 519.92 105.25 Td (that ) Tj ET Q q 0 0 0 rg BT 539.13 105.25 Td (is ) Tj ET Q q 0 0 0 rg BT 549.18 105.25 Td (six ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 92.05 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 64.72 92.05 Td (months ) Tj ET Q q 0 0 0 rg BT 99.01 92.05 Td (following ) Tj ET Q q 0 0 0 rg BT 143.68 92.05 Td (such ) Tj ET Q q 0 0 0 rg BT 165.74 92.05 Td (separation ) Tj ET Q q 0 0 0 rg BT 212.83 92.05 Td (date, ) Tj ET Q q 0 0 0 rg BT 235.80 92.05 Td (plus ) Tj ET Q q 0 0 0 rg BT 256.03 92.05 Td (an ) Tj ET Q q 0 0 0 rg BT 268.31 92.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 314.19 92.05 Td (two ) Tj ET Q q 0 0 0 rg BT 332.59 92.05 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 347.31 92.05 Td (months ) Tj ET Q q 0 0 0 rg BT 381.59 92.05 Td (for ) Tj ET Q q 0 0 0 rg BT 396.31 92.05 Td (every ) Tj ET Q q 0 0 0 rg BT 422.64 92.05 Td (fully ) Tj ET Q q 0 0 0 rg BT 445.31 92.05 Td (completed ) Tj ET Q q 0 0 0 rg BT 492.74 92.05 Td (Y) Tj ET Q q 0 0 0 rg BT 499.58 92.05 Td (ear ) Tj ET Q q 0 0 0 rg BT 514.90 92.05 Td (of ) Tj ET Q q 0 0 0 rg BT 525.96 92.05 Td (Service; ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 78.85 Td (provided, ) Tj ET Q q 0 0 0 rg BT 94.39 78.85 Td (however) Tj ET Q q 0 0 0 rg BT 131.82 78.85 Td (, ) Tj ET Q q 0 0 0 rg BT 137.11 78.85 Td (that ) Tj ET Q q 0 0 0 rg BT 156.15 78.85 Td (in ) Tj ET Q q 0 0 0 rg BT 167.25 78.85 Td (all ) Tj ET Q q 0 0 0 rg BT 180.78 78.85 Td (cases ) Tj ET Q q 0 0 0 rg BT 206.53 78.85 Td (the ) Tj ET Q q 0 0 0 rg BT 222.51 78.85 Td (Severance ) Tj ET Q q 0 0 0 rg BT 270.24 78.85 Td (Period ) Tj ET Q q 0 0 0 rg BT 301.50 78.85 Td (will ) Tj ET Q q 0 0 0 rg BT 321.15 78.85 Td (end ) Tj ET Q q 0 0 0 rg BT 339.58 78.85 Td (no ) Tj ET Q q 0 0 0 rg BT 353.12 78.85 Td (later ) Tj ET Q q 0 0 0 rg BT 375.20 78.85 Td (than ) Tj ET Q q 0 0 0 rg BT 396.68 78.85 Td (on ) Tj ET Q q 0 0 0 rg BT 410.22 78.85 Td (the ) Tj ET Q q 0 0 0 rg BT 426.20 78.85 Td (twelve ) Tj ET Q q 0 0 0 rg BT 458.06 78.85 Td (\(12\)-month ) Tj ET Q q 0 0 0 rg BT 510.70 78.85 Td (anniversary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 65.65 Td (of ) Tj ET Q q 0 0 0 rg BT 61.91 65.65 Td (the ) Tj ET Q q 0 0 0 rg BT 78.10 65.65 Td (date ) Tj ET Q q 0 0 0 rg BT 99.17 65.65 Td (of ) Tj ET Q q 0 0 0 rg BT 111.09 65.65 Td (Executive) Tj ET Q q 0 0 0 rg BT 158.12 65.65 Td (s ) Tj ET Q q 0 0 0 rg BT 165.15 65.65 Td (termination ) Tj ET Q q 0 0 0 rg BT 218.61 65.65 Td (of ) Tj ET Q q 0 0 0 rg BT 230.52 65.65 Td (employment.) Tj ET Q endstream endobj 257 0 obj <> endobj 258 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 741.40 Td (\(i\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 739.93369140625 m 226.22412109375 739.93369140625 l s q 0 0 0 rg BT 158.00 741.40 Td (Y) Tj ET Q q 0 0 0 rg BT 164.84 741.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 181.17 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 193.24 741.40 Td (Service) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 226.22 741.40 Td (. ) Tj ET Q q 0 0 0 rg BT 231.88 741.40 Td (For ) Tj ET Q q 0 0 0 rg BT 250.06 741.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 292.07 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.14 741.40 Td (this ) Tj ET Q q 0 0 0 rg BT 322.29 741.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 376.81 741.40 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 381.70 741.40 Td (Y) Tj ET Q q 0 0 0 rg BT 388.42 741.40 Td (ear) Tj ET Q q 0 0 0 rg BT 403.49 741.40 Td ( ) Tj ET Q q 0 0 0 rg BT 406.39 741.40 Td (of ) Tj ET Q q 0 0 0 rg BT 418.46 741.40 Td (Service) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.66 741.40 Td ( ) Tj ET Q q 0 0 0 rg BT 460.44 741.40 Td (means ) Tj ET Q q 0 0 0 rg BT 491.45 741.40 Td (the ) Tj ET Q q 0 0 0 rg BT 507.79 741.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 540.02 741.40 Td (\(12\)-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (month ) Tj ET Q q 0 0 0 rg BT 80.86 728.20 Td (period ) Tj ET Q q 0 0 0 rg BT 111.71 728.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 156.61 728.20 Td (from ) Tj ET Q q 0 0 0 rg BT 180.74 728.20 Td (Executive) Tj ET Q q 0 0 0 rg BT 227.78 728.20 Td (s ) Tj ET Q q 0 0 0 rg BT 234.81 728.20 Td (Start ) Tj ET Q q 0 0 0 rg BT 258.33 728.20 Td (Date.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 701.30 Td (1) Tj ET Q q 0 0 0 rg BT 91.09 701.30 Td (1. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 699.83369140625 m 232.73974609375 699.83369140625 l s q 0 0 0 rg BT 122.00 701.30 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 180.20 701.30 Td (Information) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 232.74 701.30 Td (. ) Tj ET Q q 0 0 0 rg BT 237.99 701.30 Td (As ) Tj ET Q q 0 0 0 rg BT 253.43 701.30 Td (a ) Tj ET Q q 0 0 0 rg BT 261.52 701.30 Td (condition ) Tj ET Q q 0 0 0 rg BT 306.28 701.30 Td (to ) Tj ET Q q 0 0 0 rg BT 318.05 701.30 Td ( ) Tj ET Q q 0 0 0 rg BT 321.26 701.30 Td (employment, ) Tj ET Q q 0 0 0 rg BT 382.21 701.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 429.40 701.30 Td (will ) Tj ET Q q 0 0 0 rg BT 449.72 701.30 Td (enter ) Tj ET Q q 0 0 0 rg BT 474.91 701.30 Td (into ) Tj ET Q q 0 0 0 rg BT 495.24 701.30 Td (the ) Tj ET Q q 0 0 0 rg BT 511.89 701.30 Td (Company) Tj ET Q q 0 0 0 rg BT 557.72 701.30 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 90.93 688.10 Td (At-W) Tj ET Q q 0 0 0 rg BT 115.54 688.10 Td (ill ) Tj ET Q q 0 0 0 rg BT 129.41 688.10 Td (Employment, ) Tj ET Q q 0 0 0 rg BT 193.70 688.10 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 253.39 688.10 Td (Information, ) Tj ET Q q 0 0 0 rg BT 313.39 688.10 Td (Invention ) Tj ET Q q 0 0 0 rg BT 359.22 688.10 Td (Assignment, ) Tj ET Q q 0 0 0 rg BT 419.23 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.78 688.10 Td (Arbitration ) Tj ET Q q 0 0 0 rg BT 491.33 688.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 544.90 688.10 Td (\(the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 674.90 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 54.88 674.90 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 117.68 674.90 Td (Information ) Tj ET Q q 0 0 0 rg BT 178.35 674.90 Td (Agr) Tj ET Q q 0 0 0 rg BT 196.47 674.90 Td (eement) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 230.06 674.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 242.74 674.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 268.87 674.90 Td (or ) Tj ET Q q 0 0 0 rg BT 282.16 674.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 307.67 674.90 Td (to ) Tj ET Q q 0 0 0 rg BT 320.35 674.90 Td (commencing ) Tj ET Q q 0 0 0 rg BT 381.30 674.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 440.41 674.90 Td (hereunder) Tj ET Q q 0 0 0 rg BT 483.78 674.90 Td (. ) Tj ET Q q 0 0 0 rg BT 490.36 674.90 Td (This ) Tj ET Q q 0 0 0 rg BT 513.13 674.90 Td (Agreement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 661.70 Td (requires, ) Tj ET Q q 0 0 0 rg BT 90.54 661.70 Td (among ) Tj ET Q q 0 0 0 rg BT 122.83 661.70 Td (other ) Tj ET Q q 0 0 0 rg BT 147.79 661.70 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 198.74 661.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 245.77 661.70 Td (s ) Tj ET Q q 0 0 0 rg BT 252.41 661.70 Td (assignment ) Tj ET Q q 0 0 0 rg BT 304.26 661.70 Td (of ) Tj ET Q q 0 0 0 rg BT 315.78 661.70 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 367.01 661.70 Td (property ) Tj ET Q q 0 0 0 rg BT 406.63 661.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 434.04 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 444.96 661.70 Td (any ) Tj ET Q q 0 0 0 rg BT 463.20 661.70 Td (invention ) Tj ET Q q 0 0 0 rg BT 507.11 661.70 Td (made ) Tj ET Q q 0 0 0 rg BT 533.29 661.70 Td (during ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 648.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 97.03 648.50 Td (s ) Tj ET Q q 0 0 0 rg BT 104.07 648.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 161.80 648.50 Td (at ) Tj ET Q q 0 0 0 rg BT 172.49 648.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.68 648.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.21 648.50 Td (and ) Tj ET Q q 0 0 0 rg BT 252.84 648.50 Td (non-disclosure ) Tj ET Q q 0 0 0 rg BT 320.35 648.50 Td (of ) Tj ET Q q 0 0 0 rg BT 332.27 648.50 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 383.88 648.50 Td (information.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 621.55 Td (12. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 620.08369140625 m 348.42626953125 620.08369140625 l s q 0 0 0 rg BT 122.00 621.55 Td (Identity ) Tj ET Q q 0 0 0 rg BT 157.84 621.55 Td (V) Tj ET Q q 0 0 0 rg BT 164.56 621.55 Td (erification ) Tj ET Q q 0 0 0 rg BT 211.51 621.55 Td (and ) Tj ET Q q 0 0 0 rg BT 229.14 621.55 Td (Employment ) Tj ET Q q 0 0 0 rg BT 287.33 621.55 Td (Authorization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.43 621.55 Td (. ) Tj ET Q q 0 0 0 rg BT 352.93 621.55 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 393.18 621.55 Td (to ) Tj ET Q q 0 0 0 rg BT 403.48 621.55 Td (the ) Tj ET Q q 0 0 0 rg BT 418.67 621.55 Td (Immigration ) Tj ET Q q 0 0 0 rg BT 475.41 621.55 Td (Reform ) Tj ET Q q 0 0 0 rg BT 510.76 621.55 Td (and ) Tj ET Q q 0 0 0 rg BT 528.39 621.55 Td (Control ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 608.35 Td (Act, ) Tj ET Q q 0 0 0 rg BT 71.74 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 88.29 608.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.18 608.35 Td (is ) Tj ET Q q 0 0 0 rg BT 144.63 608.35 Td (required ) Tj ET Q q 0 0 0 rg BT 184.39 608.35 Td (to ) Tj ET Q q 0 0 0 rg BT 196.05 608.35 Td (verify ) Tj ET Q q 0 0 0 rg BT 225.43 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 241.98 608.35 Td (identity ) Tj ET Q q 0 0 0 rg BT 278.70 608.35 Td (and ) Tj ET Q q 0 0 0 rg BT 297.69 608.35 Td (employment ) Tj ET Q q 0 0 0 rg BT 355.79 608.35 Td (authorization ) Tj ET Q q 0 0 0 rg BT 416.94 608.35 Td (of ) Tj ET Q q 0 0 0 rg BT 429.21 608.35 Td (all ) Tj ET Q q 0 0 0 rg BT 443.32 608.35 Td (new ) Tj ET Q q 0 0 0 rg BT 464.76 608.35 Td (hires. ) Tj ET Q q 0 0 0 rg BT 491.77 608.35 Td (T) Tj ET Q q 0 0 0 rg BT 497.73 608.35 Td (o ) Tj ET Q q 0 0 0 rg BT 506.34 608.35 Td (comply ) Tj ET Q q 0 0 0 rg BT 542.44 608.35 Td (with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 595.15 Td (this ) Tj ET Q q 0 0 0 rg BT 68.98 595.15 Td (legal ) Tj ET Q q 0 0 0 rg BT 93.45 595.15 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 143.90 595.15 Td (the ) Tj ET Q q 0 0 0 rg BT 160.42 595.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.29 595.15 Td (must ) Tj ET Q q 0 0 0 rg BT 230.77 595.15 Td (complete ) Tj ET Q q 0 0 0 rg BT 274.18 595.15 Td (an ) Tj ET Q q 0 0 0 rg BT 287.65 595.15 Td (Employment ) Tj ET Q q 0 0 0 rg BT 347.57 595.15 Td (Eligibility ) Tj ET Q q 0 0 0 rg BT 395.04 595.15 Td (V) Tj ET Q q 0 0 0 rg BT 401.77 595.15 Td (erification ) Tj ET Q q 0 0 0 rg BT 450.06 595.15 Td (Form ) Tj ET Q q 0 0 0 rg BT 476.98 595.15 Td (I-9 ) Tj ET Q q 0 0 0 rg BT 492.90 595.15 Td (within ) Tj ET Q q 0 0 0 rg BT 524.10 595.15 Td (three ) Tj ET Q q 0 0 0 rg BT 549.18 595.15 Td (\(3\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 581.95 Td (days ) Tj ET Q q 0 0 0 rg BT 74.99 581.95 Td (of ) Tj ET Q q 0 0 0 rg BT 88.97 581.95 Td (Executive) Tj ET Q q 0 0 0 rg BT 136.01 581.95 Td (s ) Tj ET Q q 0 0 0 rg BT 145.11 581.95 Td (Start ) Tj ET Q q 0 0 0 rg BT 170.71 581.95 Td (Date ) Tj ET Q q 0 0 0 rg BT 196.30 581.95 Td (or ) Tj ET Q q 0 0 0 rg BT 210.29 581.95 Td (the ) Tj ET Q q 0 0 0 rg BT 228.55 581.95 Td (Company) Tj ET Q q 0 0 0 rg BT 274.38 581.95 Td (s ) Tj ET Q q 0 0 0 rg BT 283.49 581.95 Td (employment ) Tj ET Q q 0 0 0 rg BT 343.30 581.95 Td (relationship ) Tj ET Q q 0 0 0 rg BT 400.06 581.95 Td (with ) Tj ET Q q 0 0 0 rg BT 424.44 581.95 Td (Executive ) Tj ET Q q 0 0 0 rg BT 473.24 581.95 Td (may ) Tj ET Q q 0 0 0 rg BT 497.01 581.95 Td (be ) Tj ET Q q 0 0 0 rg BT 512.21 581.95 Td (terminated. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 568.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 105.40 568.75 Td (about ) Tj ET Q q 0 0 0 rg BT 132.71 568.75 Td (what ) Tj ET Q q 0 0 0 rg BT 156.95 568.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 203.80 568.75 Td (will ) Tj ET Q q 0 0 0 rg BT 223.77 568.75 Td (need ) Tj ET Q q 0 0 0 rg BT 247.40 568.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.82 568.75 Td (bring ) Tj ET Q q 0 0 0 rg BT 284.91 568.75 Td (to ) Tj ET Q q 0 0 0 rg BT 296.33 568.75 Td (work ) Tj ET Q q 0 0 0 rg BT 321.80 568.75 Td (to ) Tj ET Q q 0 0 0 rg BT 333.22 568.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 376.40 568.75 Td (this ) Tj ET Q q 0 0 0 rg BT 395.15 568.75 Td (form ) Tj ET Q q 0 0 0 rg BT 419.40 568.75 Td (will ) Tj ET Q q 0 0 0 rg BT 439.38 568.75 Td (be ) Tj ET Q q 0 0 0 rg BT 452.62 568.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 494.59 568.75 Td (to ) Tj ET Q q 0 0 0 rg BT 506.01 568.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 552.85 568.75 Td (as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 555.55 Td (soon ) Tj ET Q q 0 0 0 rg BT 73.53 555.55 Td (as ) Tj ET Q q 0 0 0 rg BT 85.44 555.55 Td (possible ) Tj ET Q q 0 0 0 rg BT 124.25 555.55 Td (following ) Tj ET Q q 0 0 0 rg BT 169.78 555.55 Td (Executive) Tj ET Q q 0 0 0 rg BT 216.81 555.55 Td (s ) Tj ET Q q 0 0 0 rg BT 223.84 555.55 Td (execution ) Tj ET Q q 0 0 0 rg BT 269.35 555.55 Td (and ) Tj ET Q q 0 0 0 rg BT 287.98 555.55 Td (return ) Tj ET Q q 0 0 0 rg BT 317.00 555.55 Td (of ) Tj ET Q q 0 0 0 rg BT 328.91 555.55 Td (this ) Tj ET Q q 0 0 0 rg BT 346.95 555.55 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 528.80 Td (13. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 527.33369140625 m 276.5478515625 527.33369140625 l s q 0 0 0 rg BT 122.00 528.80 Td (Reference ) Tj ET Q q 0 0 0 rg BT 169.22 528.80 Td (and ) Tj ET Q q 0 0 0 rg BT 187.75 528.80 Td (Background ) Tj ET Q q 0 0 0 rg BT 244.17 528.80 Td (Checks) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 276.55 528.80 Td (. ) Tj ET Q q 0 0 0 rg BT 281.75 528.80 Td (This ) Tj ET Q q 0 0 0 rg BT 303.96 528.80 Td (of) Tj ET Q q 0 0 0 rg BT 312.92 528.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 327.78 528.80 Td (of ) Tj ET Q q 0 0 0 rg BT 339.59 528.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 397.23 528.80 Td (with ) Tj ET Q q 0 0 0 rg BT 419.43 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 435.52 528.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.94 528.80 Td (is ) Tj ET Q q 0 0 0 rg BT 490.93 528.80 Td (contingent ) Tj ET Q q 0 0 0 rg BT 540.01 528.80 Td (upon ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 67.04 515.60 Td (Company) Tj ET Q q 0 0 0 rg BT 112.87 515.60 Td (s ) Tj ET Q q 0 0 0 rg BT 120.75 515.60 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 175.06 515.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 228.15 515.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.91 515.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 285.42 515.60 Td (and ) Tj ET Q q 0 0 0 rg BT 304.90 515.60 Td (background ) Tj ET Q q 0 0 0 rg BT 360.43 515.60 Td (checks, ) Tj ET Q q 0 0 0 rg BT 396.71 515.60 Td (proof ) Tj ET Q q 0 0 0 rg BT 424.14 515.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.90 515.60 Td (Executive) Tj ET Q q 0 0 0 rg BT 483.94 515.60 Td (s ) Tj ET Q q 0 0 0 rg BT 491.82 515.60 Td (authorization ) Tj ET Q q 0 0 0 rg BT 553.45 515.60 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 502.40 Td (work ) Tj ET Q q 0 0 0 rg BT 75.36 502.40 Td (in ) Tj ET Q q 0 0 0 rg BT 86.66 502.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.85 502.40 Td (United ) Tj ET Q q 0 0 0 rg BT 135.54 502.40 Td (States ) Tj ET Q q 0 0 0 rg BT 164.57 502.40 Td (and ) Tj ET Q q 0 0 0 rg BT 183.20 502.40 Td (Executive) Tj ET Q q 0 0 0 rg BT 230.23 502.40 Td (s ) Tj ET Q q 0 0 0 rg BT 237.26 502.40 Td (execution ) Tj ET Q q 0 0 0 rg BT 282.77 502.40 Td (of ) Tj ET Q q 0 0 0 rg BT 294.69 502.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.87 502.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 352.73 502.40 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 410.46 502.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 465.15 502.40 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 475.60 Td (14. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 474.13369140625 m 242.34521484375 474.13369140625 l s q 0 0 0 rg BT 122.00 475.60 Td (No ) Tj ET Q q 0 0 0 rg BT 138.18 475.60 Td (Conflicting ) Tj ET Q q 0 0 0 rg BT 191.01 475.60 Td (Obligations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 242.35 475.60 Td (. ) Tj ET Q q 0 0 0 rg BT 247.83 475.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 294.54 475.60 Td (confirms ) Tj ET Q q 0 0 0 rg BT 336.37 475.60 Td (that ) Tj ET Q q 0 0 0 rg BT 355.60 475.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 402.31 475.60 Td (is ) Tj ET Q q 0 0 0 rg BT 412.37 475.60 Td (not ) Tj ET Q q 0 0 0 rg BT 429.16 475.60 Td (under ) Tj ET Q q 0 0 0 rg BT 456.94 475.60 Td (any ) Tj ET Q q 0 0 0 rg BT 475.55 475.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 513.12 475.60 Td (obligations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 462.40 Td (that ) Tj ET Q q 0 0 0 rg BT 69.18 462.40 Td (may ) Tj ET Q q 0 0 0 rg BT 90.80 462.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 123.42 462.40 Td (Executive) Tj ET Q q 0 0 0 rg BT 170.45 462.40 Td (s ) Tj ET Q q 0 0 0 rg BT 177.41 462.40 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 222.87 462.40 Td (to ) Tj ET Q q 0 0 0 rg BT 234.11 462.40 Td (be ) Tj ET Q q 0 0 0 rg BT 247.18 462.40 Td (employed ) Tj ET Q q 0 0 0 rg BT 293.24 462.40 Td (by ) Tj ET Q q 0 0 0 rg BT 306.92 462.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.04 462.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.50 462.40 Td (or ) Tj ET Q q 0 0 0 rg BT 380.35 462.40 Td (limit ) Tj ET Q q 0 0 0 rg BT 403.81 462.40 Td (the ) Tj ET Q q 0 0 0 rg BT 419.93 462.40 Td (manner ) Tj ET Q q 0 0 0 rg BT 455.60 462.40 Td (in ) Tj ET Q q 0 0 0 rg BT 466.84 462.40 Td (which ) Tj ET Q q 0 0 0 rg BT 496.40 462.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 543.07 462.40 Td (may ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 449.20 Td (be ) Tj ET Q q 0 0 0 rg BT 63.41 449.20 Td (employed. ) Tj ET Q q 0 0 0 rg BT 112.56 449.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 159.56 449.20 Td (agrees ) Tj ET Q q 0 0 0 rg BT 190.67 449.20 Td (not ) Tj ET Q q 0 0 0 rg BT 207.75 449.20 Td (to ) Tj ET Q q 0 0 0 rg BT 219.33 449.20 Td (bring ) Tj ET Q q 0 0 0 rg BT 245.58 449.20 Td (any ) Tj ET Q q 0 0 0 rg BT 264.48 449.20 Td (third-party ) Tj ET Q q 0 0 0 rg BT 314.55 449.20 Td (confidential ) Tj ET Q q 0 0 0 rg BT 370.11 449.20 Td (information ) Tj ET Q q 0 0 0 rg BT 425.06 449.20 Td (to ) Tj ET Q q 0 0 0 rg BT 436.64 449.20 Td (the ) Tj ET Q q 0 0 0 rg BT 453.11 449.20 Td (Company) Tj ET Q q 0 0 0 rg BT 495.17 449.20 Td (, ) Tj ET Q q 0 0 0 rg BT 500.94 449.20 Td (including ) Tj ET Q q 0 0 0 rg BT 545.52 449.20 Td (that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 62.34 436.00 Td (Executive) Tj ET Q q 0 0 0 rg BT 109.37 436.00 Td (s ) Tj ET Q q 0 0 0 rg BT 116.83 436.00 Td (former ) Tj ET Q q 0 0 0 rg BT 149.93 436.00 Td (employer) Tj ET Q q 0 0 0 rg BT 191.03 436.00 Td (, ) Tj ET Q q 0 0 0 rg BT 196.95 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 216.01 436.00 Td (that ) Tj ET Q q 0 0 0 rg BT 235.68 436.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 282.83 436.00 Td (will ) Tj ET Q q 0 0 0 rg BT 303.12 436.00 Td (not ) Tj ET Q q 0 0 0 rg BT 320.35 436.00 Td (in ) Tj ET Q q 0 0 0 rg BT 332.08 436.00 Td (any ) Tj ET Q q 0 0 0 rg BT 351.14 436.00 Td (way ) Tj ET Q q 0 0 0 rg BT 372.64 436.00 Td (utilize ) Tj ET Q q 0 0 0 rg BT 403.30 436.00 Td (any ) Tj ET Q q 0 0 0 rg BT 422.36 436.00 Td (such ) Tj ET Q q 0 0 0 rg BT 445.69 436.00 Td (information ) Tj ET Q q 0 0 0 rg BT 500.80 436.00 Td (in ) Tj ET Q q 0 0 0 rg BT 512.53 436.00 Td (performing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 422.80 Td (Executive) Tj ET Q q 0 0 0 rg BT 97.03 422.80 Td (s ) Tj ET Q q 0 0 0 rg BT 104.07 422.80 Td (duties ) Tj ET Q q 0 0 0 rg BT 133.09 422.80 Td (for ) Tj ET Q q 0 0 0 rg BT 148.67 422.80 Td (the ) Tj ET Q q 0 0 0 rg BT 164.86 422.80 Td (Company) Tj ET Q q 0 0 0 rg BT 206.92 422.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 395.90 Td (15. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 394.43369140625 m 195.326171875 394.43369140625 l s q 0 0 0 rg BT 122.00 395.90 Td (Non-Solicitation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 195.33 395.90 Td (. ) Tj ET Q q 0 0 0 rg BT 201.32 395.90 Td (Until ) Tj ET Q q 0 0 0 rg BT 227.18 395.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.86 395.90 Td (date ) Tj ET Q q 0 0 0 rg BT 265.43 395.90 Td (one ) Tj ET Q q 0 0 0 rg BT 284.56 395.90 Td (\(1\)-year ) Tj ET Q q 0 0 0 rg BT 323.22 395.90 Td (after ) Tj ET Q q 0 0 0 rg BT 346.61 395.90 Td (the ) Tj ET Q q 0 0 0 rg BT 363.30 395.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 417.25 395.90 Td (of ) Tj ET Q q 0 0 0 rg BT 429.66 395.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 476.69 395.90 Td (s ) Tj ET Q q 0 0 0 rg BT 484.22 395.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 542.46 395.90 Td (with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 382.70 Td (the ) Tj ET Q q 0 0 0 rg BT 66.58 382.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 112.49 382.70 Td (for ) Tj ET Q q 0 0 0 rg BT 128.45 382.70 Td (any ) Tj ET Q q 0 0 0 rg BT 147.47 382.70 Td (reason, ) Tj ET Q q 0 0 0 rg BT 182.06 382.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 229.18 382.70 Td (agrees ) Tj ET Q q 0 0 0 rg BT 260.41 382.70 Td (not, ) Tj ET Q q 0 0 0 rg BT 280.35 382.70 Td (either ) Tj ET Q q 0 0 0 rg BT 308.53 382.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 345.26 382.70 Td (or ) Tj ET Q q 0 0 0 rg BT 357.56 382.70 Td (indirectly) Tj ET Q q 0 0 0 rg BT 399.00 382.70 Td (, ) Tj ET Q q 0 0 0 rg BT 404.88 382.70 Td (to ) Tj ET Q q 0 0 0 rg BT 416.58 382.70 Td (solicit, ) Tj ET Q q 0 0 0 rg BT 449.35 382.70 Td (induce, ) Tj ET Q q 0 0 0 rg BT 484.56 382.70 Td (attempt ) Tj ET Q q 0 0 0 rg BT 520.69 382.70 Td (to ) Tj ET Q q 0 0 0 rg BT 532.38 382.70 Td (solicit, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 369.50 Td (recruit, ) Tj ET Q q 0 0 0 rg BT 85.78 369.50 Td (or ) Tj ET Q q 0 0 0 rg BT 99.28 369.50 Td (encourage ) Tj ET Q q 0 0 0 rg BT 148.80 369.50 Td (any ) Tj ET Q q 0 0 0 rg BT 169.02 369.50 Td (employee ) Tj ET Q q 0 0 0 rg BT 216.11 369.50 Td (of ) Tj ET Q q 0 0 0 rg BT 229.60 369.50 Td (the ) Tj ET Q q 0 0 0 rg BT 247.37 369.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.48 369.50 Td (\(or ) Tj ET Q q 0 0 0 rg BT 311.63 369.50 Td (any ) Tj ET Q q 0 0 0 rg BT 331.85 369.50 Td (parent ) Tj ET Q q 0 0 0 rg BT 363.66 369.50 Td (or ) Tj ET Q q 0 0 0 rg BT 377.16 369.50 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 426.71 369.50 Td (of ) Tj ET Q q 0 0 0 rg BT 440.20 369.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.97 369.50 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 508.74 369.50 Td (to ) Tj ET Q q 0 0 0 rg BT 521.63 369.50 Td (leave ) Tj ET Q q 0 0 0 rg BT 549.16 369.50 Td (his ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 356.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 107.49 356.30 Td (either ) Tj ET Q q 0 0 0 rg BT 135.02 356.30 Td (for ) Tj ET Q q 0 0 0 rg BT 150.34 356.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 196.82 356.30 Td (or ) Tj ET Q q 0 0 0 rg BT 208.48 356.30 Td (for ) Tj ET Q q 0 0 0 rg BT 223.80 356.30 Td (any ) Tj ET Q q 0 0 0 rg BT 242.18 356.30 Td (other ) Tj ET Q q 0 0 0 rg BT 267.28 356.30 Td (entity ) Tj ET Q q 0 0 0 rg BT 294.82 356.30 Td (or ) Tj ET Q q 0 0 0 rg BT 306.48 356.30 Td (person. ) Tj ET Q q 0 0 0 rg BT 341.05 356.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 387.53 356.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 434.62 356.30 Td (that ) Tj ET Q q 0 0 0 rg BT 453.61 356.30 Td (he ) Tj ET Q q 0 0 0 rg BT 466.48 356.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 479.36 356.30 Td (is ) Tj ET Q q 0 0 0 rg BT 489.20 356.30 Td (familiar ) Tj ET Q q 0 0 0 rg BT 526.51 356.30 Td (with ) Tj ET Q q 0 0 0 rg BT 548.56 356.30 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 95.09 343.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 137.12 343.10 Td (not ) Tj ET Q q 0 0 0 rg BT 153.51 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.39 343.10 Td (solicit, ) Tj ET Q q 0 0 0 rg BT 196.35 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.56 343.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 230.33 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.99 343.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 263.10 343.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 291.68 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.17 343.10 Td (his ) Tj ET Q q 0 0 0 rg BT 318.33 343.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 369.55 343.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 413.08 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 418.16 343.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 464.78 343.10 Td (without ) Tj ET Q q 0 0 0 rg BT 500.72 343.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 548.58 343.10 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 329.90 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 118.72 329.90 Td (of ) Tj ET Q q 0 0 0 rg BT 130.64 329.90 Td (the ) Tj ET Q q 0 0 0 rg BT 146.82 329.90 Td (length ) Tj ET Q q 0 0 0 rg BT 177.07 329.90 Td (of ) Tj ET Q q 0 0 0 rg BT 188.98 329.90 Td (time, ) Tj ET Q q 0 0 0 rg BT 214.03 329.90 Td (scope ) Tj ET Q q 0 0 0 rg BT 241.83 329.90 Td (and ) Tj ET Q q 0 0 0 rg BT 260.46 329.90 Td (geographic ) Tj ET Q q 0 0 0 rg BT 312.08 329.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 354.52 329.90 Td (of ) Tj ET Q q 0 0 0 rg BT 366.43 329.90 Td (these ) Tj ET Q q 0 0 0 rg BT 391.78 329.90 Td (covenants.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 303.10 Td (16. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 301.63369140625 m 170.27001953125 301.63369140625 l s q 0 0 0 rg BT 122.00 303.10 Td (Successors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.27 303.10 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 276.20 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 274.73369140625005 m 279.29541015625 274.73369140625005 l s q 0 0 0 rg BT 158.00 276.20 Td (The ) Tj ET Q q 0 0 0 rg BT 178.01 276.20 Td (Company) Tj ET Q q 0 0 0 rg BT 223.84 276.20 Td (s ) Tj ET Q q 0 0 0 rg BT 231.03 276.20 Td (Successors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 279.30 276.20 Td (. ) Tj ET Q q 0 0 0 rg BT 284.31 276.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 306.16 276.20 Td (successor ) Tj ET Q q 0 0 0 rg BT 351.22 276.20 Td (to ) Tj ET Q q 0 0 0 rg BT 362.68 276.20 Td (the ) Tj ET Q q 0 0 0 rg BT 379.02 276.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 424.71 276.20 Td (\(whether ) Tj ET Q q 0 0 0 rg BT 466.70 276.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 494.65 276.20 Td ( ) Tj ET Q q 0 0 0 rg BT 497.55 276.20 Td (or ) Tj ET Q q 0 0 0 rg BT 509.62 276.20 Td (indirect ) Tj ET Q q 0 0 0 rg BT 546.12 276.20 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 263.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 89.24 263.00 Td (by ) Tj ET Q q 0 0 0 rg BT 104.05 263.00 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 149.70 263.00 Td (mer) Tj ET Q q 0 0 0 rg BT 166.61 263.00 Td (ger) Tj ET Q q 0 0 0 rg BT 180.21 263.00 Td (, ) Tj ET Q q 0 0 0 rg BT 186.77 263.00 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 252.61 263.00 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 304.08 263.00 Td (or ) Tj ET Q q 0 0 0 rg BT 317.06 263.00 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 367.30 263.00 Td (to ) Tj ET Q q 0 0 0 rg BT 379.66 263.00 Td (all ) Tj ET Q q 0 0 0 rg BT 394.47 263.00 Td (or ) Tj ET Q q 0 0 0 rg BT 407.45 263.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 466.87 263.00 Td (all ) Tj ET Q q 0 0 0 rg BT 481.67 263.00 Td (of ) Tj ET Q q 0 0 0 rg BT 494.65 263.00 Td (the ) Tj ET Q q 0 0 0 rg BT 511.90 263.00 Td (Company) Tj ET Q q 0 0 0 rg BT 557.73 263.00 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 249.80 Td (business ) Tj ET Q q 0 0 0 rg BT 89.29 249.80 Td (and/or ) Tj ET Q q 0 0 0 rg BT 119.41 249.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.09 249.80 Td (will ) Tj ET Q q 0 0 0 rg BT 166.21 249.80 Td (assume ) Tj ET Q q 0 0 0 rg BT 200.61 249.80 Td (the ) Tj ET Q q 0 0 0 rg BT 216.06 249.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 266.97 249.80 Td (under ) Tj ET Q q 0 0 0 rg BT 294.02 249.80 Td (this ) Tj ET Q q 0 0 0 rg BT 311.49 249.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 362.37 249.80 Td (and ) Tj ET Q q 0 0 0 rg BT 380.26 249.80 Td (agree ) Tj ET Q q 0 0 0 rg BT 406.09 249.80 Td (expressly ) Tj ET Q q 0 0 0 rg BT 449.65 249.80 Td (to ) Tj ET Q q 0 0 0 rg BT 460.22 249.80 Td (perform ) Tj ET Q q 0 0 0 rg BT 497.66 249.80 Td (the ) Tj ET Q q 0 0 0 rg BT 513.11 249.80 Td (obligations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 236.60 Td (under ) Tj ET Q q 0 0 0 rg BT 77.74 236.60 Td (this ) Tj ET Q q 0 0 0 rg BT 95.73 236.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 147.28 236.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.53 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.66 236.60 Td (same ) Tj ET Q q 0 0 0 rg BT 199.95 236.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 235.63 236.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.20 236.60 Td (to ) Tj ET Q q 0 0 0 rg BT 265.45 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.58 236.60 Td (same ) Tj ET Q q 0 0 0 rg BT 306.87 236.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 336.44 236.60 Td (as ) Tj ET Q q 0 0 0 rg BT 348.29 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.42 236.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 409.89 236.60 Td (would ) Tj ET Q q 0 0 0 rg BT 440.08 236.60 Td (be ) Tj ET Q q 0 0 0 rg BT 453.15 236.60 Td (required ) Tj ET Q q 0 0 0 rg BT 492.49 236.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.74 236.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 541.85 236.60 Td (such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 223.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 101.80 223.40 Td (in ) Tj ET Q q 0 0 0 rg BT 113.27 223.40 Td (the ) Tj ET Q q 0 0 0 rg BT 129.63 223.40 Td (absence ) Tj ET Q q 0 0 0 rg BT 167.35 223.40 Td (of ) Tj ET Q q 0 0 0 rg BT 179.43 223.40 Td (a ) Tj ET Q q 0 0 0 rg BT 187.23 223.40 Td (succession. ) Tj ET Q q 0 0 0 rg BT 239.94 223.40 Td (For ) Tj ET Q q 0 0 0 rg BT 258.13 223.40 Td (all ) Tj ET Q q 0 0 0 rg BT 272.04 223.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 314.07 223.40 Td (under ) Tj ET Q q 0 0 0 rg BT 342.03 223.40 Td (this ) Tj ET Q q 0 0 0 rg BT 360.19 223.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 414.72 223.40 Td (the ) Tj ET Q q 0 0 0 rg BT 431.08 223.40 Td (term ) Tj ET Q q 0 0 0 rg BT 454.15 223.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 509.60 223.40 Td (will ) Tj ET Q q 0 0 0 rg BT 529.63 223.40 Td (include ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 210.20 Td (any ) Tj ET Q q 0 0 0 rg BT 67.47 210.20 Td (successor ) Tj ET Q q 0 0 0 rg BT 111.22 210.20 Td (to ) Tj ET Q q 0 0 0 rg BT 121.36 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 136.39 210.20 Td (Company) Tj ET Q q 0 0 0 rg BT 182.23 210.20 Td (s ) Tj ET Q q 0 0 0 rg BT 188.10 210.20 Td (business ) Tj ET Q q 0 0 0 rg BT 226.97 210.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 256.66 210.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.92 210.20 Td (which ) Tj ET Q q 0 0 0 rg BT 312.39 210.20 Td (executes ) Tj ET Q q 0 0 0 rg BT 351.85 210.20 Td (and ) Tj ET Q q 0 0 0 rg BT 369.32 210.20 Td (delivers ) Tj ET Q q 0 0 0 rg BT 405.73 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.76 210.20 Td (assumption ) Tj ET Q q 0 0 0 rg BT 472.47 210.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 519.86 210.20 Td (described ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 197.00 Td (in ) Tj ET Q q 0 0 0 rg BT 61.31 197.00 Td (this ) Tj ET Q q 0 0 0 rg BT 79.95 197.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 115.69 197.00 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 141.65 197.00 Td (or ) Tj ET Q q 0 0 0 rg BT 153.57 197.00 Td (which ) Tj ET Q q 0 0 0 rg BT 183.20 197.00 Td (becomes ) Tj ET Q q 0 0 0 rg BT 224.43 197.00 Td (bound ) Tj ET Q q 0 0 0 rg BT 254.68 197.00 Td (by ) Tj ET Q q 0 0 0 rg BT 268.43 197.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.62 197.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 311.81 197.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.72 197.00 Td (this ) Tj ET Q q 0 0 0 rg BT 341.76 197.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 393.37 197.00 Td (by ) Tj ET Q q 0 0 0 rg BT 407.12 197.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 451.41 197.00 Td (of ) Tj ET Q q 0 0 0 rg BT 463.33 197.00 Td (law) Tj ET Q q 0 0 0 rg BT 478.50 197.00 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 170.25 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 168.78369140625 m 260.759765625 168.78369140625 l s q 0 0 0 rg BT 158.00 170.25 Td (Executive) Tj ET Q q 0 0 0 rg BT 205.03 170.25 Td (s ) Tj ET Q q 0 0 0 rg BT 212.49 170.25 Td (Successors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 260.76 170.25 Td (. ) Tj ET Q q 0 0 0 rg BT 266.45 170.25 Td (The ) Tj ET Q q 0 0 0 rg BT 286.73 170.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 314.34 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.68 170.25 Td (this ) Tj ET Q q 0 0 0 rg BT 345.05 170.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 397.09 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.14 170.25 Td (all ) Tj ET Q q 0 0 0 rg BT 430.31 170.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 458.54 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.88 170.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 518.03 170.25 Td (hereunder ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 157.05 Td (will ) Tj ET Q q 0 0 0 rg BT 72.75 157.05 Td (inure ) Tj ET Q q 0 0 0 rg BT 100.98 157.05 Td (to ) Tj ET Q q 0 0 0 rg BT 115.17 157.05 Td (the ) Tj ET Q q 0 0 0 rg BT 134.24 157.05 Td (benefit ) Tj ET Q q 0 0 0 rg BT 170.42 157.05 Td (of, ) Tj ET Q q 0 0 0 rg BT 187.96 157.05 Td (and ) Tj ET Q q 0 0 0 rg BT 209.48 157.05 Td (be ) Tj ET Q q 0 0 0 rg BT 225.50 157.05 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 282.42 157.05 Td (by) Tj ET Q q 0 0 0 rg BT 292.71 157.05 Td (, ) Tj ET Q q 0 0 0 rg BT 301.09 157.05 Td (Executive) Tj ET Q q 0 0 0 rg BT 348.13 157.05 Td (s ) Tj ET Q q 0 0 0 rg BT 358.04 157.05 Td (personal ) Tj ET Q q 0 0 0 rg BT 400.94 157.05 Td (or ) Tj ET Q q 0 0 0 rg BT 415.74 157.05 Td (legal ) Tj ET Q q 0 0 0 rg BT 442.75 157.05 Td (representatives, ) Tj ET Q q 0 0 0 rg BT 517.10 157.05 Td (executors, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 143.85 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 118.43 143.85 Td (successors, ) Tj ET Q q 0 0 0 rg BT 170.37 143.85 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 197.25 143.85 Td (distributees, ) Tj ET Q q 0 0 0 rg BT 253.46 143.85 Td (devisees ) Tj ET Q q 0 0 0 rg BT 293.48 143.85 Td (and ) Tj ET Q q 0 0 0 rg BT 312.11 143.85 Td (legatees.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 116.90 Td (17. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 116.90 Td (Notices.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 90.00 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 158 88.53369140625 m 192.81005859375 88.53369140625 l s q 0 0 0 rg BT 158.00 90.00 Td (General) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.81 90.00 Td (. ) Tj ET Q q 0 0 0 rg BT 198.92 90.00 Td (Notices ) Tj ET Q q 0 0 0 rg BT 235.88 90.00 Td (and ) Tj ET Q q 0 0 0 rg BT 255.13 90.00 Td (all ) Tj ET Q q 0 0 0 rg BT 269.48 90.00 Td (other ) Tj ET Q q 0 0 0 rg BT 295.44 90.00 Td (communications ) Tj ET Q q 0 0 0 rg BT 371.51 90.00 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 434.13 90.00 Td (by ) Tj ET Q q 0 0 0 rg BT 448.49 90.00 Td (this ) Tj ET Q q 0 0 0 rg BT 467.00 90.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 519.23 90.00 Td (will ) Tj ET Q q 0 0 0 rg BT 539.70 90.00 Td (be ) Tj ET Q q 0 0 0 rg BT 553.44 90.00 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 76.80 Td (writing ) Tj ET Q q 0 0 0 rg BT 84.51 76.80 Td (and ) Tj ET Q q 0 0 0 rg BT 103.13 76.80 Td (will ) Tj ET Q q 0 0 0 rg BT 122.98 76.80 Td (be ) Tj ET Q q 0 0 0 rg BT 136.10 76.80 Td (deemed ) Tj ET Q q 0 0 0 rg BT 173.04 76.80 Td (to ) Tj ET Q q 0 0 0 rg BT 184.33 76.80 Td (have ) Tj ET Q q 0 0 0 rg BT 207.83 76.80 Td (been ) Tj ET Q q 0 0 0 rg BT 231.34 76.80 Td (duly ) Tj ET Q q 0 0 0 rg BT 253.63 76.80 Td (given ) Tj ET Q q 0 0 0 rg BT 280.80 76.80 Td (when ) Tj ET Q q 0 0 0 rg BT 307.37 76.80 Td (personally ) Tj ET Q q 0 0 0 rg BT 355.92 76.80 Td (delivered ) Tj ET Q q 0 0 0 rg BT 399.58 76.80 Td (or ) Tj ET Q q 0 0 0 rg BT 411.48 76.80 Td (when ) Tj ET Q q 0 0 0 rg BT 438.05 76.80 Td (mailed ) Tj ET Q q 0 0 0 rg BT 470.72 76.80 Td (by ) Tj ET Q q 0 0 0 rg BT 484.45 76.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 506.75 76.80 Td (registered ) Tj ET Q q 0 0 0 rg BT 552.85 76.80 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 63.60 Td (certified ) Tj ET Q q 0 0 0 rg BT 88.72 63.60 Td (mail, ) Tj ET Q q 0 0 0 rg BT 113.09 63.60 Td (return ) Tj ET Q q 0 0 0 rg BT 141.44 63.60 Td (receipt ) Tj ET Q q 0 0 0 rg BT 173.43 63.60 Td (requested ) Tj ET Q q 0 0 0 rg BT 217.66 63.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.62 63.60 Td (postage ) Tj ET Q q 0 0 0 rg BT 271.29 63.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 306.35 63.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.59 63.60 Td (when ) Tj ET Q q 0 0 0 rg BT 343.50 63.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 386.49 63.60 Td (by ) Tj ET Q q 0 0 0 rg BT 399.57 63.60 Td (a ) Tj ET Q q 0 0 0 rg BT 406.53 63.60 Td (private ) Tj ET Q q 0 0 0 rg BT 439.14 63.60 Td (courier ) Tj ET Q q 0 0 0 rg BT 472.37 63.60 Td (service ) Tj ET Q q 0 0 0 rg BT 505.59 63.60 Td (such ) Tj ET Q q 0 0 0 rg BT 527.83 63.60 Td (as ) Tj ET Q q 0 0 0 rg BT 539.07 63.60 Td (UPS, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 50.40 Td (DHL) Tj ET Q q 0 0 0 rg BT 72.20 50.40 Td ( ) Tj ET Q q 0 0 0 rg BT 74.58 50.40 Td (or ) Tj ET Q q 0 0 0 rg BT 86.12 50.40 Td (Federal ) Tj ET Q q 0 0 0 rg BT 121.48 50.40 Td (Express ) Tj ET Q q 0 0 0 rg 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(such ) Tj ET Q q 0 0 0 rg BT 238.15 595.80 Td (fact ) Tj ET Q q 0 0 0 rg BT 257.39 595.80 Td (or ) Tj ET Q q 0 0 0 rg BT 269.30 595.80 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 330.08 595.80 Td (in ) Tj ET Q q 0 0 0 rg BT 341.38 595.80 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 386.28 595.80 Td (Executive) Tj ET Q q 0 0 0 rg BT 433.31 595.80 Td (s ) Tj ET Q q 0 0 0 rg BT 440.34 595.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 468.15 595.80 Td (hereunder) Tj ET Q q 0 0 0 rg BT 511.52 595.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 568.90 Td (18. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 567.43369140625 m 174.794921875 567.43369140625 l s q 0 0 0 rg BT 122.00 568.90 Td (Severability) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 174.44 568.90 Td (. ) Tj ET Q q 0 0 0 rg BT 180.36 568.90 Td (In ) Tj ET Q q 0 0 0 rg BT 192.69 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 209.29 568.90 Td (event ) Tj ET Q q 0 0 0 rg BT 236.28 568.90 Td (that ) Tj ET Q q 0 0 0 rg BT 255.94 568.90 Td (any ) Tj ET Q q 0 0 0 rg BT 274.99 568.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 319.72 568.90 Td (hereof ) Tj ET Q q 0 0 0 rg BT 350.97 568.90 Td (becomes ) Tj ET Q q 0 0 0 rg BT 392.63 568.90 Td (or ) Tj ET Q q 0 0 0 rg BT 404.96 568.90 Td (is ) Tj ET Q q 0 0 0 rg BT 415.46 568.90 Td (declared ) Tj ET Q q 0 0 0 rg BT 455.88 568.90 Td (by ) Tj ET Q q 0 0 0 rg BT 470.04 568.90 Td (a ) Tj ET Q q 0 0 0 rg BT 478.09 568.90 Td (court ) Tj ET Q q 0 0 0 rg BT 503.86 568.90 Td (of ) Tj ET Q q 0 0 0 rg BT 516.19 568.90 Td (competent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 555.70 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 103.73 555.70 Td (to ) Tj ET Q q 0 0 0 rg BT 115.90 555.70 Td (be ) Tj ET Q q 0 0 0 rg BT 129.91 555.70 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 163.77 555.70 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 229.68 555.70 Td (or ) Tj ET Q q 0 0 0 rg BT 242.46 555.70 Td (void, ) Tj ET Q q 0 0 0 rg BT 268.39 555.70 Td (this ) Tj ET Q q 0 0 0 rg BT 287.10 555.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 339.59 555.70 Td (will ) Tj ET Q q 0 0 0 rg BT 360.32 555.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 401.82 555.70 Td (in ) Tj ET Q q 0 0 0 rg BT 414.00 555.70 Td (full ) Tj ET Q q 0 0 0 rg BT 432.89 555.70 Td (force ) Tj ET Q q 0 0 0 rg BT 459.10 555.70 Td (and ) Tj ET Q q 0 0 0 rg BT 478.60 555.70 Td (ef) Tj ET Q q 0 0 0 rg BT 486.95 555.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 507.05 555.70 Td (without ) Tj ET Q q 0 0 0 rg BT 544.29 555.70 Td (said ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 542.50 Td (provision.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 515.60 Td (19. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 514.13369140625 m 170.25927734375 514.13369140625 l s q 0 0 0 rg BT 122.00 515.60 Td (Integration) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.26 515.60 Td (. ) Tj ET Q q 0 0 0 rg BT 175.91 515.60 Td (This ) Tj ET Q q 0 0 0 rg BT 197.90 515.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 249.89 515.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 297.61 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.17 515.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 342.34 515.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 391.27 515.60 Td (and ) Tj ET Q q 0 0 0 rg BT 410.28 515.60 Td (understanding ) Tj ET Q q 0 0 0 rg BT 475.73 515.60 Td (between ) Tj ET Q q 0 0 0 rg BT 515.50 515.60 Td (the ) Tj ET Q q 0 0 0 rg BT 532.06 515.60 Td (Parties ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 502.40 Td (as ) Tj ET Q q 0 0 0 rg BT 62.20 502.40 Td (to ) Tj ET Q q 0 0 0 rg BT 73.80 502.40 Td (the ) Tj ET Q q 0 0 0 rg BT 90.28 502.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 124.48 502.40 Td (matter ) Tj ET Q q 0 0 0 rg BT 155.62 502.40 Td (herein ) Tj ET Q q 0 0 0 rg BT 186.14 502.40 Td (and ) Tj ET Q q 0 0 0 rg BT 205.07 502.40 Td (supersedes ) Tj ET Q q 0 0 0 rg BT 255.76 502.40 Td (all ) Tj ET Q q 0 0 0 rg BT 269.80 502.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 294.22 502.40 Td (or ) Tj ET Q q 0 0 0 rg BT 306.43 502.40 Td (contemporaneous ) Tj ET Q q 0 0 0 rg BT 387.05 502.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 440.18 502.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 478.65 502.40 Td (written ) Tj ET Q q 0 0 0 rg BT 512.85 502.40 Td (or ) Tj ET Q q 0 0 0 rg BT 525.05 502.40 Td (oral, ) Tj ET Q q 0 0 0 rg BT 547.95 502.40 Td (but ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 489.20 Td (this ) Tj ET Q q 0 0 0 rg BT 68.10 489.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 119.79 489.20 Td (does ) Tj ET Q q 0 0 0 rg BT 142.79 489.20 Td (not ) Tj ET Q q 0 0 0 rg BT 159.67 489.20 Td (supersede ) Tj ET Q q 0 0 0 rg BT 205.87 489.20 Td (any ) Tj ET Q q 0 0 0 rg BT 224.58 489.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 272.61 489.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.21 489.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 348.54 489.20 Td (with ) Tj ET Q q 0 0 0 rg BT 370.92 489.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 404.90 489.20 Td (to ) Tj ET Q q 0 0 0 rg BT 416.28 489.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.55 489.20 Td (treatment ) Tj ET Q q 0 0 0 rg BT 476.92 489.20 Td (of ) Tj ET Q q 0 0 0 rg BT 488.91 489.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.51 489.20 Td (equity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 476.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 85.08 476.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 111.00 476.00 Td (death ) Tj ET Q q 0 0 0 rg BT 138.75 476.00 Td (or ) Tj ET Q q 0 0 0 rg BT 151.84 476.00 Td (disability) Tj ET Q q 0 0 0 rg BT 192.06 476.00 Td (. ) Tj ET Q q 0 0 0 rg BT 198.46 476.00 Td (This ) Tj ET Q q 0 0 0 rg BT 221.07 476.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 273.86 476.00 Td (may ) Tj ET Q q 0 0 0 rg BT 296.73 476.00 Td (be ) Tj ET Q q 0 0 0 rg BT 311.03 476.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 354.67 476.00 Td (only ) Tj ET Q q 0 0 0 rg BT 378.15 476.00 Td (by ) Tj ET Q q 0 0 0 rg BT 393.08 476.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 442.81 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 455.89 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 473.26 476.00 Td (Parties ) Tj ET Q q 0 0 0 rg BT 507.12 476.00 Td (by ) Tj ET Q q 0 0 0 rg BT 522.05 476.00 Td (a ) Tj ET Q q 0 0 0 rg BT 530.85 476.00 Td (written ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 462.80 Td (instrument ) Tj ET Q q 0 0 0 rg BT 99.80 462.80 Td (executed ) Tj ET Q q 0 0 0 rg BT 141.64 462.80 Td (by ) Tj ET Q q 0 0 0 rg BT 155.39 462.80 Td (the ) Tj ET Q q 0 0 0 rg BT 171.57 462.80 Td (Parties ) Tj ET Q q 0 0 0 rg BT 204.26 462.80 Td (that ) Tj ET Q q 0 0 0 rg BT 223.51 462.80 Td (is ) Tj ET Q q 0 0 0 rg BT 233.59 462.80 Td (designated ) Tj ET Q q 0 0 0 rg BT 283.38 462.80 Td (as ) Tj ET Q q 0 0 0 rg BT 295.30 462.80 Td (an ) Tj ET Q q 0 0 0 rg BT 308.43 462.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 362.50 462.80 Td (to ) Tj ET Q q 0 0 0 rg BT 373.80 462.80 Td (this ) Tj ET Q q 0 0 0 rg BT 391.84 462.80 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 436.00 Td (20. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 434.53369140625 m 198.83935546875 434.53369140625 l s q 0 0 0 rg BT 122.00 436.00 Td (W) Tj ET Q q 0 0 0 rg BT 131.50 436.00 Td (aiver ) Tj ET Q q 0 0 0 rg BT 156.01 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 167.69 436.00 Td (Breach) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.84 436.00 Td (. ) Tj ET Q q 0 0 0 rg BT 204.11 436.00 Td (No ) Tj ET Q q 0 0 0 rg BT 220.08 436.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 264.16 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.84 436.00 Td (this ) Tj ET Q q 0 0 0 rg BT 293.70 436.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 345.09 436.00 Td (will ) Tj ET Q q 0 0 0 rg BT 364.72 436.00 Td (be ) Tj ET Q q 0 0 0 rg BT 377.63 436.00 Td (modified, ) Tj ET Q q 0 0 0 rg BT 422.61 436.00 Td (waived ) Tj ET Q q 0 0 0 rg BT 456.90 436.00 Td (or ) Tj ET Q q 0 0 0 rg BT 468.58 436.00 Td (dischar) Tj ET Q q 0 0 0 rg BT 500.15 436.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 518.55 436.00 Td (unless ) Tj ET Q q 0 0 0 rg BT 548.58 436.00 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 422.80 Td (modification, ) Tj ET Q q 0 0 0 rg BT 111.67 422.80 Td (waiver ) Tj ET Q q 0 0 0 rg BT 144.31 422.80 Td (or ) Tj ET Q q 0 0 0 rg BT 156.18 422.80 Td (dischar) Tj ET Q q 0 0 0 rg BT 187.75 422.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 200.84 422.80 Td (is ) Tj ET Q q 0 0 0 rg BT 210.88 422.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 242.90 422.80 Td (to ) Tj ET Q q 0 0 0 rg BT 254.17 422.80 Td (in ) Tj ET Q q 0 0 0 rg BT 265.44 422.80 Td (writing ) Tj ET Q q 0 0 0 rg BT 299.92 422.80 Td (and ) Tj ET Q q 0 0 0 rg BT 318.51 422.80 Td (signed ) Tj ET Q q 0 0 0 rg BT 349.94 422.80 Td (by ) Tj ET Q q 0 0 0 rg BT 363.65 422.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 410.34 422.80 Td (and ) Tj ET Q q 0 0 0 rg BT 428.93 422.80 Td (by ) Tj ET Q q 0 0 0 rg BT 442.64 422.80 Td (an ) Tj ET Q q 0 0 0 rg BT 455.74 422.80 Td (authorized ) Tj ET Q q 0 0 0 rg BT 504.87 422.80 Td (of) Tj ET Q q 0 0 0 rg BT 513.83 422.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 536.69 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 548.56 422.80 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 409.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.44 409.60 Td (\(other ) Tj ET Q q 0 0 0 rg BT 124.37 409.60 Td (than ) Tj ET Q q 0 0 0 rg BT 145.98 409.60 Td (Executive\). ) Tj ET Q q 0 0 0 rg BT 198.84 409.60 Td (The ) Tj ET Q q 0 0 0 rg BT 218.61 409.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 251.20 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.03 409.60 Td (a ) Tj ET Q q 0 0 0 rg BT 270.58 409.60 Td (breach ) Tj ET Q q 0 0 0 rg BT 302.55 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.38 409.60 Td (any ) Tj ET Q q 0 0 0 rg BT 332.93 409.60 Td (term ) Tj ET Q q 0 0 0 rg BT 355.75 409.60 Td (or ) Tj ET Q q 0 0 0 rg BT 367.58 409.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 411.80 409.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.63 409.60 Td (this ) Tj ET Q q 0 0 0 rg BT 441.60 409.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 493.13 409.60 Td (will ) Tj ET Q q 0 0 0 rg BT 512.91 409.60 Td (not ) Tj ET Q q 0 0 0 rg BT 529.63 409.60 Td (operate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 396.40 Td (as ) Tj ET Q q 0 0 0 rg BT 61.91 396.40 Td (or ) Tj ET Q q 0 0 0 rg BT 73.83 396.40 Td (be ) Tj ET Q q 0 0 0 rg BT 86.96 396.40 Td (construed ) Tj ET Q q 0 0 0 rg BT 132.47 396.40 Td (to ) Tj ET Q q 0 0 0 rg BT 143.78 396.40 Td (be ) Tj ET Q q 0 0 0 rg BT 156.91 396.40 Td (a ) Tj ET Q q 0 0 0 rg BT 164.54 396.40 Td (waiver ) Tj ET Q q 0 0 0 rg BT 197.22 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.13 396.40 Td (any ) Tj ET Q q 0 0 0 rg BT 227.77 396.40 Td (other ) Tj ET Q q 0 0 0 rg BT 253.12 396.40 Td (previous ) Tj ET Q q 0 0 0 rg BT 293.75 396.40 Td (or ) Tj ET Q q 0 0 0 rg BT 305.66 396.40 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 357.30 396.40 Td (breach ) Tj ET Q q 0 0 0 rg BT 389.36 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.27 396.40 Td (this ) Tj ET Q q 0 0 0 rg BT 419.31 396.40 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 369.65 Td (21. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 122 368.18369140625 m 163.54541015625 368.18369140625 l s q 0 0 0 rg BT 122.00 369.65 Td (Headings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 163.55 369.65 Td (. ) Tj ET Q q 0 0 0 rg BT 168.04 369.65 Td (All ) Tj ET Q q 0 0 0 rg BT 184.34 369.65 Td (captions ) Tj ET Q q 0 0 0 rg BT 223.24 369.65 Td (and ) Tj ET Q q 0 0 0 rg BT 241.37 369.65 Td (section ) Tj ET Q q 0 0 0 rg BT 274.77 369.65 Td (headings ) Tj ET Q q 0 0 0 rg BT 316.11 369.65 Td (used ) Tj ET Q q 0 0 0 rg BT 338.52 369.65 Td (in ) Tj ET Q q 0 0 0 rg BT 349.32 369.65 Td (this ) Tj ET Q q 0 0 0 rg BT 366.96 369.65 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 418.07 369.65 Td (are ) Tj ET Q q 0 0 0 rg BT 433.74 369.65 Td (for ) Tj ET Q q 0 0 0 rg BT 448.81 369.65 Td (convenient ) Tj ET Q q 0 0 0 rg BT 499.31 369.65 Td (reference ) Tj ET Q q 0 0 0 rg BT 542.45 369.65 Td (only ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 356.45 Td (and ) Tj ET Q q 0 0 0 rg BT 68.63 356.45 Td (do ) Tj ET Q q 0 0 0 rg BT 82.38 356.45 Td (not ) Tj ET Q q 0 0 0 rg BT 99.19 356.45 Td (form ) Tj ET Q q 0 0 0 rg BT 123.32 356.45 Td (a ) Tj ET Q q 0 0 0 rg BT 130.95 356.45 Td (part ) Tj ET Q q 0 0 0 rg BT 150.80 356.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.72 356.45 Td (this ) Tj ET Q q 0 0 0 rg BT 180.75 356.45 Td (Agreement.) 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