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`Htgg|kpi.kpfwegf fgpcvwtcvkqp qh rtqvgkpu ku c oclqt eqp.
`egtp kp vjg fgxgnqrogpv qh rtqvgkp rjctocegwvkecnu/ Qhvgp
`dwnm qt hkpcn rtqvgkp rtqfwevu ctg uvqtgf hqt gzvgpfgf rgtkqfu
`kp vjg htq|gp uvcvg- yjkej ecp rtqvgev cickpuv wpfguktcdng
`ejgokecn fgitcfcvkqp/ Htgg|kpi cnuq rnc{u c etwekcn tqng kp
`vjg fcocig kpewttgf d{ rtqvgkpu fwtkpi htgg|g.ft{kpi/2-3
`Htgg|g.kpfwegf fgpcvwtcvkqp ecp dg kpjkdkvgf d{ kpenwfkpi
`rtqvgkp.uvcdknk|kpi uqnwvgu kp vjg hqtowncvkqp/4 Fgurkvg vjg
`pwogtqwu htgg|g"vjcykpi uvwfkgu qp rtqvgkpu-4"6 vjg ejqkeg
`qh vjgug uqnwvgu cpf fgxgnqrogpv qh uvcdng hqtowncvkqpu ku uvknn
`nctign{ gorktkecn dgecwug qh vjg ncem qh c hwnn wpfgtuvcpfkpi
`qh vjg tgncvkxg korqtvcpeg qh vjg xctkqwu uvtguugu ctkukpi
`fwtkpi htgg|kpi cpf qh vjg ogejcpkuou d{ yjkej cffkvkxgu
`rtqvgev rtqvgkpu cickpuv vjgug uvtguugu/
`Qh vjg ugxgtcn htgg|kpi.kpfwegf uvtguugu- vjqug vjcv ctg
`tqwvkpgn{ tgeqipk|gf kpenwfg eqnf vgorgtcvwtg- gzrquwtg vq
`eqpegpvtcvgf uqnwvgu fwg vq et{uvcnnk|cvkqp qh ycvgt-7 cpf
`et{uvcnnk|cvkqp qh uqnwvgu cpf vjg tguwnvcpv rJ ejcpig)u* kh
`dwhhgt ucnvu ctg kpxqnxgf/8-9 Tgukuvcpeg vq cnn qh vjgug uvtguugu
`ecp dg kpetgcugf kh uqnwvkqp eqpfkvkqpu ctg ejqugp vjcv kpetgcug
`vjg vjgtoqf{pcoke uvcdknkv{ qh vjg pcvkxg uvcvg qh vjg rtqvgkp/
`Vjg tgswkukvg kpetgcug kp vjg htgg gpgti{ qh fgpcvwtcvkqp ecp
`dg cejkgxgf ykvj pwogtqwu fkhhgtgpv et{qrtqvgevcpvu- kpenwf.
`kpi uwictu- rqn{ogtu- rqn{qnu- ogvj{ncokpgu- cpf egtvckp ucnvu
`cpf cokpq cekfu/6-; Vjg qpn{ ejctcevgtkuvke- tgngxcpv vq rtqvgkp
`uvcdknk|cvkqp- vjcv cnn qh vjgug uqnwvgu jcxg kp eqooqp ku vjcv
`vjg{ jcxg dggp ujqyp vq dg gzenwfgf rtghgtgpvkcnn{ htqo vjg
`uwthceg qh rtqvgkpu cv 36 ¸E )tgxkgygf kp tgh 21*/ Vjg
`
`" Cduvtcev rwdnkujgf kp
`
`Fgegodgt 2- 2;;7/
`
`"
`
`eqpugswgpeg qh vjku kpvgtcevkqp- yjkej rtguwocdn{ yqwnf dg
`ockpvckpgf fwtkpi htgg|kpi-6 ku vjcv vjg htgg gpgti{ qh vjg
`rtqvgkp ku kpetgcugf/ Vjg kpetgcug ku itgcvgt hqt vjg fgpcvwtgf
`uvcvg vjcp vjg pcvkxg uvcvg- dgecwug vjg hqtogt jcu c owej
`nctigt uwthceg ctgc htqo yjkej vjg uqnwvg ku gzenwfgf/ Vjg
`pgv tguwnv ku vjcv kp vjg rtgugpeg qh et{qrtqvgevcpvu- vjg htgg
`gpgti{ dcttkgt dgvyggp vjg uvcvgu ku kpetgcugf- yjkej kp.
`etgcugu vjg uvcdknkv{ qh vjg pcvkxg uvcvg/
`Cp qhvgp qxgtnqqmgf uvtguu vq yjkej rtqvgkpu ctg gzrqugf
`fwtkpi htgg|kpi ku vjg igpgtcvkqp qh cp keg"ycvgt kpvgthceg/
`C hgy uvwfkgu qp kpfkxkfwcn rtqvgkpu jcxg tgrqtvgf vjcv
`fgpcvwtcvkqp fwtkpi htgg|g"vjcykpi ku itgcvgt yjgp rtqvgkpu
`ctg htq|gp wpfgt eqpfkvkqpu vjcv ujqwnf igpgtcvg c tgncvkxgn{
`nctig keg uwthceg ctgc vjcp yjgp eqpfkvkqpu ngcfkpi vq nguu
`uwthceg ctgc ctg gornq{gf/22"24 Jqygxgt- vjg tguwnvu qh vjgug
`uvwfkgu fkf pqv wpgswkxqecnn{ uwrrqtv vjg j{rqvjguku vjcv vjg
`keg"ycvgt kpvgthceg ku vjg uqwteg qh vjku fcocig dgecwug qvjgt
`eqorngz rj{ukeqejgokecn ejcpigu )g/i/- cnvgtcvkqpu kp rJ fwg
`vq ugngevkxg dwhhgt ucnv et{uvcnnk|cvkqp cpf nqyguv vgorgtcvwtg
`qh gzrquwtg* qeewttkpi fwtkpi vjg htgg|g"vjcykpi rtqeguugu
`ygtg pqv hwnn{ eqpvtqnngf/ Kp eqpvtcuv- kp c tgegpv uvwf{ d{
`Uvtcodkpk cpf Ikqxcppk25 kp yjkej qvjgt rj{ukeqejgokecn
`ejcpigu ygtg mgrv gswkxcngpv- kv ycu hqwpf vjcv cp kpetgcug
`kp keg uwthceg ctgc eqttgncvgf fktgevn{ ykvj kpetgcugf rgtvwt.
`dcvkqp qh vjg vgtvkct{ uvtwevwtgu qh c|wtkp- cnmcnkpg rjqu.
`rjcvcug- cpf nkxgt cneqjqn fgj{ftqigpcug kp vjg htq|gp uvcvg/
`Hkpcnn{- kv jcu dggp hqwpf ykvj c hgy rtqvgkpu vjcv nqy
`eqpegpvtcvkqpu qh uwthcevcpvu )k/g/- dgnqy vjg etkvkecn okegnnct
`eqpegpvtcvkqp*- yjkej yqwnf pqv dg gzrgevgf vq itgcvn{ cnvgt
`vjg htgg gpgti{ qh rtqvgkp fgpcvwtcvkqp- rtqxkfg c jkij fgitgg
`qh rtqvgevkqp fwtkpi htgg|g"vjcykpi/23 Uwthcevcpvu ctg mpqyp
`vq uvcdknk|g rtqvgkpu cickpuv uwthceg.kpfwegf fgpcvwtcvkqp-26
`uq vjgug tguwnvu cnuq uwiiguv vjcv vjg keg"ycvgt kpvgthceg ecp
`eqpvtkdwvg vq htgg|g.kpfwegf rtqvgkp fgpcvwtcvkqp/
`Vq gzcokpg hwtvjgt vjg xcnkfkv{ qh vjku uwiiguvkqp- kp vjg
`ewttgpv uvwf{ htgg|kpi ycu eqpfwevgf wpfgt eqpfkvkqpu yjgtg
`qvjgt rj{ukeqejgokecn ejcpigu ygtg gnkokpcvgf )g/i/- et{uvcn.
`nk|cvkqp qh dwhhgt ucnvu* qt mgrv eqpuvcpv )g/i/- nqyguv vgorgt.
`cvwtg* uq vjcv vjg ghhgevu qh cnvgtkpi vjg tgncvkxg keg et{uvcn
`uwthceg ctgc eqwnf dg qdugtxgf/ Ugxgtcn rtqvgkpu ykvj xct{kpi
`ugpukvkxkvkgu vq htgg|kpi ygtg vguvgf- cpf vjg tguwnvu ygtg
`eqorctgf ykvj uwuegrvkdknkvkgu vq uwthceg fgpcvwtcvkqp kp
`wphtq|gp cswgqwu uqnwvkqp/ Cnuq- vjg kphnwgpeg qh vjg uwthce.
`vcpv Vyggp 91 qp fgpcvwtcvkqp qh cnn qh vjg rtqvgkpu cpf vjg
`ghhgevu qh vjku cpf ugxgtcn qvjgt uwthcevcpvu qp uvcdknkv{ qh
`ncevcvg fgj{ftqigpcug ygtg gzcokpgf fwtkpi htgg|g"vjcykpi/
`Hkpcnn{- vjg rqvgpvkcn tqng qh htgg|g.kpfwegf fgpcvwtcvkqp cv
`vjg keg"ycvgt kpvgthceg qp vjg uvtwevwtcn uvcdknkv{ qh c rtqvgkp
`)kpvgtngwmkp.2 tgegrvqt cpvciqpkuv* fwtkpi htgg|g.ft{kpi ycu
`gzcokpgf/
`
`Rjqurjqhtwevqmkpcug )RHM*- ncevcvg fgj{ftqigpcug )NFJ*- cpf
`inwvcocvg fgj{ftqigpcug )IFJ* ygtg qdvckpgf htqo Ukioc Ejgokecn
`Eqorcp{ )Uv/ Nqwku- OQ*/ Kpvgtngwmkp.2 tgegrvqt cpvciqpkuv )KN.2tc*-
`
`Ex. 1027 - Page 1 of 7
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`AMGEN INC.
`Exhibit 1027
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`!
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`Htgg|kpi.kpfwegf fgpcvwtcvkqp qh rtqvgkpu ku c oclqt eqp.
`egtp kp vjg fgxgnqrogpv qh rtqvgkp rjctocegwvkecnu/ Qhvgp
`dwnm qt hkpcn rtqvgkp rtqfwevu ctg uvqtgf hqt gzvgpfgf rgtkqfu
`kp vjg htq|gp uvcvg- yjkej ecp rtqvgev cickpuv wpfguktcdng
`ejgokecn fgitcfcvkqp/ Htgg|kpi cnuq rnc{u c etwekcn tqng kp
`vjg fcocig kpewttgf d{ rtqvgkpu fwtkpi htgg|g.ft{kpi/2-3
`Htgg|g.kpfwegf fgpcvwtcvkqp ecp dg kpjkdkvgf d{ kpenwfkpi
`rtqvgkp.uvcdknk|kpi uqnwvgu kp vjg hqtowncvkqp/4 Fgurkvg vjg
`pwogtqwu htgg|g"vjcykpi uvwfkgu qp rtqvgkpu-4"6 vjg ejqkeg
`qh vjgug uqnwvgu cpf fgxgnqrogpv qh uvcdng hqtowncvkqpu ku uvknn
`nctign{ gorktkecn dgecwug qh vjg ncem qh c hwnn wpfgtuvcpfkpi
`qh vjg tgncvkxg korqtvcpeg qh vjg xctkqwu uvtguugu ctkukpi
`fwtkpi htgg|kpi cpf qh vjg ogejcpkuou d{ yjkej cffkvkxgu
`rtqvgev rtqvgkpu cickpuv vjgug uvtguugu/
`Qh vjg ugxgtcn htgg|kpi.kpfwegf uvtguugu- vjqug vjcv ctg
`tqwvkpgn{ tgeqipk|gf kpenwfg eqnf vgorgtcvwtg- gzrquwtg vq
`eqpegpvtcvgf uqnwvgu fwg vq et{uvcnnk|cvkqp qh ycvgt-7 cpf
`et{uvcnnk|cvkqp qh uqnwvgu cpf vjg tguwnvcpv rJ ejcpig)u* kh
`dwhhgt ucnvu ctg kpxqnxgf/8-9 Tgukuvcpeg vq cnn qh vjgug uvtguugu
`ecp dg kpetgcugf kh uqnwvkqp eqpfkvkqpu ctg ejqugp vjcv kpetgcug
`vjg vjgtoqf{pcoke uvcdknkv{ qh vjg pcvkxg uvcvg qh vjg rtqvgkp/
`Vjg tgswkukvg kpetgcug kp vjg htgg gpgti{ qh fgpcvwtcvkqp ecp
`dg cejkgxgf ykvj pwogtqwu fkhhgtgpv et{qrtqvgevcpvu- kpenwf.
`kpi uwictu- rqn{ogtu- rqn{qnu- ogvj{ncokpgu- cpf egtvckp ucnvu
`cpf cokpq cekfu/6-; Vjg qpn{ ejctcevgtkuvke- tgngxcpv vq rtqvgkp
`uvcdknk|cvkqp- vjcv cnn qh vjgug uqnwvgu jcxg kp eqooqp ku vjcv
`vjg{ jcxg dggp ujqyp vq dg gzenwfgf rtghgtgpvkcnn{ htqo vjg
`uwthceg qh rtqvgkpu cv 36 ¸E )tgxkgygf kp tgh 21*/ Vjg
`
`" Cduvtcev rwdnkujgf kp
`
`Fgegodgt 2- 2;;7/
`
`"
`
`eqpugswgpeg qh vjku kpvgtcevkqp- yjkej rtguwocdn{ yqwnf dg
`ockpvckpgf fwtkpi htgg|kpi-6 ku vjcv vjg htgg gpgti{ qh vjg
`rtqvgkp ku kpetgcugf/ Vjg kpetgcug ku itgcvgt hqt vjg fgpcvwtgf
`uvcvg vjcp vjg pcvkxg uvcvg- dgecwug vjg hqtogt jcu c owej
`nctigt uwthceg ctgc htqo yjkej vjg uqnwvg ku gzenwfgf/ Vjg
`pgv tguwnv ku vjcv kp vjg rtgugpeg qh et{qrtqvgevcpvu- vjg htgg
`gpgti{ dcttkgt dgvyggp vjg uvcvgu ku kpetgcugf- yjkej kp.
`etgcugu vjg uvcdknkv{ qh vjg pcvkxg uvcvg/
`Cp qhvgp qxgtnqqmgf uvtguu vq yjkej rtqvgkpu ctg gzrqugf
`fwtkpi htgg|kpi ku vjg igpgtcvkqp qh cp keg"ycvgt kpvgthceg/
`C hgy uvwfkgu qp kpfkxkfwcn rtqvgkpu jcxg tgrqtvgf vjcv
`fgpcvwtcvkqp fwtkpi htgg|g"vjcykpi ku itgcvgt yjgp rtqvgkpu
`ctg htq|gp wpfgt eqpfkvkqpu vjcv ujqwnf igpgtcvg c tgncvkxgn{
`nctig keg uwthceg ctgc vjcp yjgp eqpfkvkqpu ngcfkpi vq nguu
`uwthceg ctgc ctg gornq{gf/22"24 Jqygxgt- vjg tguwnvu qh vjgug
`uvwfkgu fkf pqv wpgswkxqecnn{ uwrrqtv vjg j{rqvjguku vjcv vjg
`keg"ycvgt kpvgthceg ku vjg uqwteg qh vjku fcocig dgecwug qvjgt
`eqorngz rj{ukeqejgokecn ejcpigu )g/i/- cnvgtcvkqpu kp rJ fwg
`vq ugngevkxg dwhhgt ucnv et{uvcnnk|cvkqp cpf nqyguv vgorgtcvwtg
`qh gzrquwtg* qeewttkpi fwtkpi vjg htgg|g"vjcykpi rtqeguugu
`ygtg pqv hwnn{ eqpvtqnngf/ Kp eqpvtcuv- kp c tgegpv uvwf{ d{
`Uvtcodkpk cpf Ikqxcppk25 kp yjkej qvjgt rj{ukeqejgokecn
`ejcpigu ygtg mgrv gswkxcngpv- kv ycu hqwpf vjcv cp kpetgcug
`kp keg uwthceg ctgc eqttgncvgf fktgevn{ ykvj kpetgcugf rgtvwt.
`dcvkqp qh vjg vgtvkct{ uvtwevwtgu qh c|wtkp- cnmcnkpg rjqu.
`rjcvcug- cpf nkxgt cneqjqn fgj{ftqigpcug kp vjg htq|gp uvcvg/
`Hkpcnn{- kv jcu dggp hqwpf ykvj c hgy rtqvgkpu vjcv nqy
`eqpegpvtcvkqpu qh uwthcevcpvu )k/g/- dgnqy vjg etkvkecn okegnnct
`eqpegpvtcvkqp*- yjkej yqwnf pqv dg gzrgevgf vq itgcvn{ cnvgt
`vjg htgg gpgti{ qh rtqvgkp fgpcvwtcvkqp- rtqxkfg c jkij fgitgg
`qh rtqvgevkqp fwtkpi htgg|g"vjcykpi/23 Uwthcevcpvu ctg mpqyp
`vq uvcdknk|g rtqvgkpu cickpuv uwthceg.kpfwegf fgpcvwtcvkqp-26
`uq vjgug tguwnvu cnuq uwiiguv vjcv vjg keg"ycvgt kpvgthceg ecp
`eqpvtkdwvg vq htgg|g.kpfwegf rtqvgkp fgpcvwtcvkqp/
`Vq gzcokpg hwtvjgt vjg xcnkfkv{ qh vjku uwiiguvkqp- kp vjg
`ewttgpv uvwf{ htgg|kpi ycu eqpfwevgf wpfgt eqpfkvkqpu yjgtg
`qvjgt rj{ukeqejgokecn ejcpigu ygtg gnkokpcvgf )g/i/- et{uvcn.
`nk|cvkqp qh dwhhgt ucnvu* qt mgrv eqpuvcpv )g/i/- nqyguv vgorgt.
`cvwtg* uq vjcv vjg ghhgevu qh cnvgtkpi vjg tgncvkxg keg et{uvcn
`uwthceg ctgc eqwnf dg qdugtxgf/ Ugxgtcn rtqvgkpu ykvj xct{kpi
`ugpukvkxkvkgu vq htgg|kpi ygtg vguvgf- cpf vjg tguwnvu ygtg
`eqorctgf ykvj uwuegrvkdknkvkgu vq uwthceg fgpcvwtcvkqp kp
`wphtq|gp cswgqwu uqnwvkqp/ Cnuq- vjg kphnwgpeg qh vjg uwthce.
`vcpv Vyggp 91 qp fgpcvwtcvkqp qh cnn qh vjg rtqvgkpu cpf vjg
`ghhgevu qh vjku cpf ugxgtcn qvjgt uwthcevcpvu qp uvcdknkv{ qh
`ncevcvg fgj{ftqigpcug ygtg gzcokpgf fwtkpi htgg|g"vjcykpi/
`Hkpcnn{- vjg rqvgpvkcn tqng qh htgg|g.kpfwegf fgpcvwtcvkqp cv
`vjg keg"ycvgt kpvgthceg qp vjg uvtwevwtcn uvcdknkv{ qh c rtqvgkp
`)kpvgtngwmkp.2 tgegrvqt cpvciqpkuv* fwtkpi htgg|g.ft{kpi ycu
`gzcokpgf/
`
`Rjqurjqhtwevqmkpcug )RHM*- ncevcvg fgj{ftqigpcug )NFJ*- cpf
`inwvcocvg fgj{ftqigpcug )IFJ* ygtg qdvckpgf htqo Ukioc Ejgokecn
`Eqorcp{ )Uv/ Nqwku- OQ*/ Kpvgtngwmkp.2 tgegrvqt cpvciqpkuv )KN.2tc*-
`
`Ex. 1027 - Page 2 of 7
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`

`

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`vwoqt pgetquku hcevqt dkpfkpi rtqvgkp )VPHdr*- cpf eknkct{ pgwtqvtqrke
`hcevqt )EPVH* ygtg rtqfwegf cv rjctocegwvkecn rwtkv{ d{ Coigp-
`Kpe/ Gcej rtqvgkp ycu vjqtqwijn{ dwhhgt gzejcpigf ykvj 21 oO
`uqfkwo ekvtcvg )rJ 7/6*- cpf vjg eqpegpvtcvkqp ycu cflwuvgf vq 1/2
`oi0oN- wpnguu qvjgtykug uvcvgf/ Ekvtcvg dwhhgt ycu ugngevgf hqt vjku
`uvwf{ dgecwug kvu rJ tgockpu eqpuvcpv fwtkpi htgg|g"vjcykpi/9
`Vjg gp|{ocvke cevkxkv{ qh NFJ ycu ogcuwtgf cu rtgxkqwun{
`tgrqtvgf/27 Vq cuuguu vjg ghhgev qh gzrqukpi rtqvgkpu vq fkhhgtgpv ctgcu
`qh vjg keg"ycvgt kpvgthceg- vyq htgg|kpi rtqvqeqnu ygtg wvknk|gf/ Kp
`dqvj ecugu- 2 oN qh gcej rtqvgkp uqnwvkqp ycu hknngf kpvq c 4.oN xkcn/
`Kp vjg hktuv rtqvqeqn- ucorngu ygtg htq|gp d{ koogtukpi xkcnu kpvq
`nkswkf pkvtqigp )fgukipcvgf jgtg cu swgpej eqqnkpi*/ Vjg tcrkf eqqnkpi
`ujqwnf ngcf vq vjg hqtocvkqp qh c tgncvkxgn{ nctig keg et{uvcn uwthceg
`ctgc/24 Chvgt 21 okp- vjg xkcnu ygtg tgoqxgf htqo vjg nkswkf pkvtqigp
`cpf vjcygf d{ yctokpi kp ckt cv tqqo vgorgtcvwtg/ Kp vjg ugeqpf
`rtqvqeqn- vjg ucorng xkcnu ygtg rncegf kp c ogejcpkecn htgg|kpi
`ejcodgt cpf uwdlgevgf vq 22 htgg|g"vjcy e{engu- kp yjkej vjg
`vgorgtcvwtg e{engf htqo 9 vq "31 ¸E cpf vjg tcvg qh ejcpig kp
`vgorgtcvwtg ycu 4 ¸E0j/ Vjg unqy eqqnkpi tcvg ujqwnf ngcf vq c
`tgncvkxgn{ nguu keg et{uvcn uwthceg ctgc vjcp igpgtcvgf kp vjg hktuv
`rtqvqeqn/ Chvgt vjg hkpcn htgg|kpi e{eng- vjg xkcnu eqpvckpkpi htq|gp
`ucorngu ygtg koogtugf kp nkswkf pkvtqigp hqt 21 okp/ Vjku uvgr ycu
`wugf vq cuuwtg vjcv vjg nqyguv vgorgtcvwtg vq yjkej vjg ucorngu ygtg
`gzrqugf ycu vjg ucog kp dqvj rtqvqeqnu/ Vjg ucorngu ygtg vjcygf
`cu lwuv fguetkdgf/ Chvgt ectghwn okzkpi qh vjg vjcygf uqnwvkqp- rtqvgkp
`fgpcvwtcvkqp ycu swcpvkvcvgf d{ fgvgtokpkpi qrvkecn fgpukv{ cv 611
`po- yjkej ku c ogcuwtg qh vwtdkfkv{ htqo ciitgicvgu qh fgpcvwtgf
`rtqvgkp/
`Vjg tcvg qh uwthceg fgpcvwtcvkqp kp pqphtq|gp cswgqwu uqnwvkqp ycu
`fgvgtokpgf cu rtgxkqwun{ fguetkdgf/28 Gcej 4.oN incuu xkcn ycu hknngf
`ykvj 51 Vghnqp dgcfu )3 oo kp fkcogvgt* cpf c rtqvgkp vguv uqnwvkqp
`wpvkn vjgtg ycu pq ckt kp vjg jgcf urceg/ Vjg xkcn ycu vjgp ecrrgf
`cpf ujcmgp d{ xqtvgz ykvj c Igp Okzgt KK )XYT Uekgpvkhke* cv c hkzgf
`tcvg/ Vjg tcvg qh uwthceg fgpcvwtcvkqp ycu swcpvkvcvgf d{ tgoqxkpi
`cnkswqvu fwtkpi vjg ujcmkpi cpf fgvgtokpkpi vjg qrvkecn fgpukv{ cv
`611 po/
`Vjgtocn fgpcvwtcvkqp vgorgtcvwtgu qh rtqvgkpu ygtg fgvgtokpgf
`d{ fkhhgtgpvkcn uecppkpi ecnqtkogvt{ wukpi c Oketqecn.3/ Vjg jgcvkpi
`tcvg ycu 2 ¸E0okp/ Vjg fgpcvwtcvkqp vgorgtcvwtgu qh vjg rtqvgkpu
`ygtg wugf vq tcpm vjg tgncvkxg uvtwevwtcn uvcdknkv{ qh vjg pcvkxg uvcvg
`)k/g/- tgncvkxg kpvtkpuke vjgtoqf{pcoke uvcdknkv{ qh vjg rtqvgkpu*/
`Htgg|g.ft{kpi qh KN.2tc uqnwvkqpu ycu rgthqtogf cu hqnnqyu/ Cp
`KN.2tc uqnwvkqp eqpvckpkpi 3 oO rqvcuukwo rjqurjcvg dwhhgt- 4&
`ocppkvqn- cpf 2 qt 211 oi0oN qh rtqvgkp ycu rtgrctgf d{ fkcn{uku/
`Ocppkvqn ycu kpenwfgf cu c et{uvcnnkpg dwnmkpi cigpv/ Cffkvkqp qh
`2& )y0x* uwetqug qt 1/2& )y0x* Vyggp 91 ycu ocfg chvgt vjg fkcn{uku/
`Gcej xkcn ycu htq|gp d{ koogtukqp kpvq nkswkf pkvtqigp cpf nqcfgf
`qpvq c ujgnh vjcv ycu rtgejknngf vq "61 ¸E/ Chvgt 2 j cv "61 ¸E- vjg
`ujgnh vgorgtcvwtg ycu kpetgcugf vq "26 ¸E cv c tcvg qh 2 ¸E0j/ Chvgt
`cp cffkvkqpcn jqwt qh kpewdcvkqp qh vjg xkcnu cv vjku vgorgtcvwtg-
`ft{kpi ycu kpkvkcvgf d{ fgetgcukpi vjg ejcodgt rtguuwtg vq 211
`!oJi/ Vjgp- vjg ujgnh vgorgtcvwtg ycu kpetgcugf vq 36 ¸E cv c tcvg
`qh 2 ¸E0okp/ Chvgt eqorngvkqp qh c 21.j ft{kpi e{eng wpfgt xcewwo
`vjg xkcn jgcf urcegu ygtg hknngf ykvj ft{ icugqwu pkvtqigp/ Vjg xkcnu
`ygtg ecrrgf ykvj uvqrrgtu wpvkn hwtvjgt cpcn{uku/
`Kphtctgf )KT* urgevtc qh ftkgf rqyfgtu cpf c eqpvtqn rtqvgkp ucorng
`kp cswgqwu uqnwvkqp ygtg tgeqtfgf ykvj c Pkeqngv Ocipc 661 Hqwtkgt
`vtcpuhqto KT urgevtqogvgt gswkrrgf ykvj c fVIU fgvgevqt/ Hqt gcej
`urgevtwo- c 623.uecp kpvgthgtqitco ycu eqnngevgf kp ukping dgco
`oqfg- ykvj c 5 eo"2 tguqnwvkqp/ Hqt ftkgf ucorngu- crrtqzkocvgn{
`1/5 " 1/7 oi qh ftkgf rtqvgkp ycu eqodkpgf ykvj 411 oi qh MDt cpf
`itqwpf kpvq c hkpg rqyfgt/ Vjg rqyfgt ycu cppgcngf kpvq c fkue ykvj
`c fkg cpf c j{ftcwnke rtguu/ Qwt rtgxkqwu tgugctej fqewogpvgf vjcv
`vjku rtqeguukpi fqgu pqv cnvgt vjg uvtwevwtg qh ftkgf rtqvgkpu/3 Vjg
`rtqvgkp uqnwvkqp ycu rncegf kp c egnn ykvj EcH3 ykpfqyu- yjkej ygtg
`ugrctcvgf d{ c 7.!o urcegt/ Hqt vjku ucorng- tghgtgpeg urgevtc ygtg
`tgeqtfgf wpfgt kfgpvkecn eqpfkvkqpu ykvj qpn{ vjg dwhhgt kp vjg egnn/
`Vjg rtqvgkp urgevtwo hqt vjg cswgqwu ucorng ycu qdvckpgf ceeqtfkpi
`vq rtgxkqwun{ guvcdnkujgf etkvgtkc hqt uwdvtcevkpi vjg eqpvtkdwvkqp qh
`nkswkf ycvgt/29 Hqt cnn urgevtc- vjg eqpvtkdwvkqp qh ycvgt xcrqt vq
`vjg urgevtwo ycu uwdvtcevgf- yjgp crrtqrtkcvg- ceeqtfkpi vq rtgxk.
`qwun{ guvcdnkujgf etkvgtkc/2; Vjg hkpcn rtqvgkp urgevtwo ycu uoqqvjgf
`ykvj c ugxgp.rqkpv hwpevkqp vq tgoqxg yjkvg pqkug/ Ugeqpf.fgtkxcvkxg
`urgevtc ygtg ecnewncvgf ykvj vjg fgtkxcvkxg hwpevkqp qh Pkeqngv Qopke
`uqhvyctg/
`
`$
`
`-
`
`Rtqvgkpu ctg mpqyp vq dg fgpcvwtgf d{ pwogtqwu uvtguugu-
`kpenwfkpi jkij cpf nqy vgorgtcvwtg- jkij eqpegpvtcvkqpu qh
`ejcqvtqrke ucnvu- gzvtgogu qh rJ- cpf gzrquwtg vq uwthcegu
`uwej cu vjg ckt"ycvgt kpvgthceg qt vjg kpvgthceg dgvyggp
`cswgqwu uqnwvkqpu cpf qvjgt j{ftqrjqdke uwthcegu/ Kp igpgtcn-
`vjg oqtg uvcdng vjg pcvkxg eqphqtocvkqp qh c rtqvgkp )k/g/- vjg
`jkijgt vjg htgg gpgti{ qh fgpcvwtcvkqp*- vjg oqtg tgukuvcpv
`vjg rtqvgkp ujqwnf dg vq cp{ qh vjgug uvtguugu/ Cnuq- ejqqukpi
`uqnwvkqp eqpfkvkqpu vjcv kpetgcug vjg vjgtoqf{pcoke uvcdknkv{
`qh vjg rtqvgkp )g/i/- vjg cffkvkqp qh uvcdknk|kpi uqnwvgu uwej cu
`uwetqug* ujqwnf kpetgcug vjg tgukuvcpeg qh c ikxgp rtqvgkp vq
`vjgug uvtguugu/ Uwej cp crrtqcej fqgu ckf kp vjg rtqvgevkqp
`qh rtqvgkpu fwtkpi htgg|g"vjcykpi- c rtqeguu vjcv ecp gzrqug
`c rtqvgkp vq ocp{ uvtguugu- kpenwfkpi nqy vgorgtcvwtg- jkij
`uqnwvg eqpegpvtcvkqpu- rJ ejcpigu- cpf gzrquwtg vq vjg keg"
`ycvgt kpvgthceg/ Jqygxgt- crrctgpvn{ oqtg urgekhke rtqvgevkqp
`ecp dg qdvckpgf ykvj uwthcevcpvu- yjkej rwvcvkxgn{ kpjkdkv vjg
`fgpcvwtcvkqp qh rtqvgkpu cv kpvgthcegu fwtkpi htgg|g"vjcykpi/
`Vjku tguwnv kornkgu vjcv vjg keg"ycvgt kpvgthceg eqwnf rnc{ c
`fqokpcpv tqng kp rtqvgkp fgpcvwtcvkqp fwtkpi htgg|kpi/
`Ghhgev qh Eqqnkpi Tcvg qp Rtqvgkp Fgpcvwtcvkqp fwt.
`kpi Htgg|g"Vjcykpi$Vq ickp hwtvjgt kpukijv kpvq uwthceg.
`kpfwegf fgpcvwtcvkqp fwtkpi htgg|kpi- yg eqorctgf vjg ghhgevu
`qh vyq fkhhgtgpv htgg|kpi rtqvqeqnu qp rtqvgkp fcocig fwtkpi
`htgg|g"vjcykpi/ Cp gctnkgt uvwf{ ujqygf vjcv vjg keg uwthceg
`ctgc igpgtcvgf chvgt unqy eqqnkpi ku owej nguu vjcp vjcv
`igpgtcvgf yjgp ucorngu ctg tcrkfn{ eqqngf )swgpej htgg|kpi*
`d{ koogtukqp kp nkswkf pkvtqigp/24 Qwt hktuv ogvjqf gornq{gf
`swgpej htgg|kpi- yjkej ujqwnf ngcf vq vjg hqtocvkqp qh c
`tgncvkxgn{ nctig keg"ycvgt kpvgthceg/ Kp eqpvtcuv- vjg ugeqpf
`htgg|kpi rtqvqeqn- yjkej wugu unqy eqqnkpi- ujqwnf ngcf vq
`hqtocvkqp qh owej nguu keg uwthceg ctgc/ Vq gnkokpcvg cp{
`fkuetgrcpe{ dgvyggp hkpcn htgg|kpi vgorgtcvwtgu- vjg ucorngu
`htqo vjg ugeqpf rtqvqeqn ygtg cnuq koogtugf kp vjg nkswkf
`pkvtqigp chvgt htgg|kpi/ Vjg fcocig ctkukpi fwtkpi c ukping
`htgg|g"vjcykpi e{eng ykvj vjku rtqvqeqn ycu xktvwcnn{ wpfg.
`vgevcdng d{ vjg vwtdkfkv{ cuuc{ ykvj cnn ukz oqfgn rtqvgkpu
`)fcvc pqv ujqyp*/ Vjgtghqtg- c ugtkgu qh 22 htgg|g"vjcykpi
`e{engu ycu wugf vq kpetgcug fcocig vq ogcuwtcdng ngxgnu kp
`vjg htgg|g.ugpukvkxg rtqvgkpu/
`C ukping htgg|g"vjcykpi e{eng ykvj vjg swgpej.eqqnkpi
`ogvjqf ngf vq fgpcvwtcvkqp vjcv ycu itgcvgt qt gswkxcngpv vq
`vjcv pqvgf chvgt 22 e{engu ykvj vjg unqy.eqqnkpi rtqvqeqn )Vcdng
`2*/ Vjwu kv crrgctu vjcv vjg itgcvgt keg uwthceg ctgc igpgtcvgf
`d{ swgpej eqqnkpi rtqxkfgu owej oqtg uvtguu vq vjg rtqvgkpu
`vjcp vjcv htqo vjg unqy.eqqnkpi rtqvqeqn/ Vjgug tguwnvu
`uwiiguv vjcv uwthceg fgpcvwtcvkqp rnc{u cp korqtvcpv tqng kp
`vjg fgpcvwtcvkqp qh rtqvgkpu fwtkpi htgg|kpi/
`Kp qwt uvwfkgu- yg gornq{gf ekvtcvg dwhhgt vq cxqkf rqvgpvkcn
`eqornkecvkqpu fwg vq dwhhgt ucnv et{uvcnnk|cvkqp cpf tguwnvcpv
`
`Ex. 1027 - Page 3 of 7
`
`

`

`,
`
`,
`
`$
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`$
`
`rJ ejcpigu/ Jqygxgt- qpg owuv dg ectghwn kp vjg kpvgtrtgvc.
`vkqp qh fcvc yjgp ukoknct gzrgtkogpvu ctg ecttkgf qwv ykvj
`rjqurjcvg dwhhgtu/ Uqog tgrqtvu kp vjg nkvgtcvwtg ujqygf vjcv
`swgpej eqqnkpi ku nguu fcocikpi vq rtqvgkpu vjcp unqy eqqnkpi
`kp vjgug dwhhgtu/5 Vjku tguwnv ecp dg cuetkdgf vq vjg ugngevkxg
`et{uvcnnk|cvkqp qh dwhhgt eqorqpgpvu )g/i/- et{uvcnnk|cvkqp qh
`fkuqfkwo rjqurjcvg rtkqt vq vjcv qh oqpquqfkwo rjqurjcvg-
`yjkej tguwnvu kp c fgetgcug kp rJ8*/ Gcej dwhhgt ucnv jcu kvu
`qyp etkvkecn eqqnkpi tcvg/ Et{uvcnnk|cvkqp yknn qpn{ qeewt yjgp
`vjg eqqnkpi tcvg ku unqygt vjcp vjg etkvkecn eqqnkpi tcvg/9
`Vjgtghqtg- kh c rtqvgkp uqnwvkqp ku swgpej eqqngf ykvj nkswkf
`pkvtqigp- kv ku nkmgn{ vjcv dwhhgt ucnvu yknn tgockp coqtrjqwu/
`Kp eqpvtcuv- et{uvcnnk|cvkqp cpf c uwdugswgpv ejcpig qh rJ
`ecp tgcfkn{ qeewt fwtkpi unqygt eqqnkpi/
`Tgncvkxg Tgukuvcpeg qh Rtqvgkpu vq Htgg|kpi- Uwthceg-
`cpf Vjgtocn Fgpcvwtcvkqp$Qwt pgzv iqcn ycu vq wpfgt.
`uvcpf hwtvjgt vjg tgncvkxg tqngu qh igpgtcn vjgtoqf{pcoke
`uvcdknkv{ qh c rtqvgkp xgtuwu rtqvgkp tgukuvcpeg vq urgekhke
`uwthceg fgpcvwtcvkqp kp tgukuvcpeg vq fgpcvwtcvkqp fwtkpi
`htgg|g"vjcykpi/ Mpqyngfig qh vjg tgncvkxg korqtvcpeg qh
`vjgug hcevqtu eqwnf itgcvn{ ckf kp vjg tcvkqpcn fgukip qh
`hqtowncvkqpu hqt uvcdknk|kpi rtqvgkpu fwtkpi htgg|kpi/ Hktuv-
`yg eqorctgf vjg fgpcvwtcvkqp qh vjg oqfgn rtqvgkpu- yjkej
`jcxg xct{kpi uvcdknkvkgu- fwtkpi htgg|g"vjcykpi )xkc qwt oquv
`fcocikpi swgpej.eqqnkpi rtqvqeqn* ykvj vjcv pqvgf ctkukpi
`fwtkpi gzrquwtg vq c urgekhke uwthceg uvtguu )ujcmkpi ykvj
`j{ftqrjqdke Vghnqp dgcfu* kp wphtq|gp cswgqwu uqnwvkqp/
`Coqpi vjg rtqvgkpu vguvgf- vjgtg ycu c uvtqpi rqukvkxg
`eqttgncvkqp dgvyggp vjg fgitgg qh fcocig kpfwegf d{ vjgug
`vyq vtgcvogpvu )Hkiwtg 2*/ Vjku tguwnv uwiiguvu vjcv rtqvgkpu
`ctg uwdlgevgf vq ukoknct uvtguugu fwtkpi dqvj htgg|g fgpcvwt.
`cvkqp cpf uwthceg fgpcvwtcvkqp/
`Kv ujqwnf dg pqvgf vjcv
`fcocig ctkukpi fwtkpi htgg|g"vjcykpi ycu pqv fwg vq fgpc.
`vwtcvkqp qh vjg rtqvgkp cv vjg ckt"ycvgt kpvgthceg vjcv ctkugu
`yjgp dwddngu hqto kp vjg uqnwvkqp fwtkpi htgg|kpi/ Ukoknct
`ngxgnu qh fcocig ygtg pqvgf ykvj cpf ykvjqwv fgicuukpi qh
`uqnwvkqpu rtkqt vq htgg|g"vjcykpi )fcvc pqv ujqyp*/
`Cp cnvgtpcvkxg kpvgtrtgvcvkqp qh vjg tguwnvu rtgugpvgf kp
`Hkiwtg 2 ku vjcv rtqvgkpu ykvj itgcvgt vjgtoqf{pcoke uvcdknkv{
`ecp dgvvgt uwtxkxg cp{ fgpcvwtkpi uvtguu- tgictfnguu qh kvu
`pcvwtg/ Vq gzcokpg vjg rquukdng ukipkhkecpeg qh uwej uvtwe.
`vwtcn uvcdknkv{- vjgtocn fgpcvwtcvkqp vgorgtcvwtgu cpf htgg|g
`fgpcvwtcvkqp ygtg eqorctgf/ Rtqvgkpu ykvj itgcvgt eqphqt.
`
`ocvkqpcn uvcdknkv{ jcxg jkijgt vjgtocn fgpcvwtcvkqp vgorgt.
`cvwtgu cpf yqwnf dg gzrgevgf vq fgpcvwtg nguu fwtkpi htgg|g"
`vjcykpi/ Yjgp vjg vjgtocn fgpcvwtcvkqp vgorgtcvwtg qh vjg
`oqfgn rtqvgkpu ycu rnqvvgf cickpuv vjg vwtdkfkv{ qh vjg
`rtqvgkpu chvgt htgg|g"vjcykpi- qpn{ c tgncvkxgn{ ygcm pgicvkxg
`eqttgncvkqp ycu qdvckpgf )Hkiwtg 3*/ Vjtgg rtqvgkpu- IFJ-
`NFJ- cpf KN.2tc- ujqygf fkhhgtgpv uvcdknkvkgu vq htgg|g"
`vjcykpi- cnvjqwij vjg{ jcf cnoquv kfgpvkecn vjgtocn fgpc.
`vwtcvkqp vgorgtcvwtgu )4- 5- cpf 6 kp Hkiwtg 3*/
`Cu gzrgevgf dcugf qp vjg vyq rnqvu ujqyp kp Hkiwtgu 2 cpf
`3- vjg eqttgncvkqp dgvyggp vjgtocn fgpcvwtcvkqp vgorgtcvwtg
`cpf uwthceg fgpcvwtcvkqp kp wphtq|gp cswgqwu uqnwvkqp ycu
`cnuq rqqt ) ! 1/89*/ Vcmgp vqigvjgt- vjg tguwnvu uwiiguv vjcv
`vjg fkhhgtgpeg kp uwuegrvkdknkvkgu qh rtqvgkpu vq htgg|g fgpc.
`vwtcvkqp ctg enqugn{ tgncvgf vq fkhhgtgpegu kp vjgkt tgukuvcpeg
`vq wphqnfkpi cv kpvgthcegu/
`Ghhgev qh Uwthcevcpvu qp Rtqvgkp Fgpcvwtcvkqp fwtkpi
`Htgg|g"Vjcykpi$Kv jcu dggp tgrqtvgf vjcv uwthcevcpvu ctg
`xgt{ ghhgevkxg kp uvcdknk|kpi rtqvgkpu cickpuv uwthceg fgpcvwt.
`cvkqp kp pqphtq|gp cswgqwu uqnwvkqp/26-31 Cnuq c hgy uvwfkgu
`ykvj kpfkxkfwcn rtqvgkpu ujqygf vjcv uwthcevcpvu ctg rqvgpv
`uvcdknk|gtu qh rtqvgkpu fwtkpi htgg|g"vjcykpi/23 Qwt tguwnvu
`kpfkecvg vjcv vjg htgg|kpi.kpfwegf fgpcvwtcvkqp ku tgncvgf vq
`vjg gzrquwtg qh rtqvgkpu vq cp keg"ycvgt kpvgthceg- uq kv uggou
`tcvkqpcn vq wug uwthcevcpvu cu et{qrtqvgevcpvu/ Vjg tguwnvu
`rtgugpvgf kp Hkiwtg 4 cpf Vcdng 2 uwrrqtv vjku eqpvgpvkqp/
`Guugpvkcnn{ eqorngvg rtqvgevkqp qh NFJ cpf IFJ fwtkpi
`swgpej htgg|kpi cpf vjcykpi ycu qdvckpgf ykvj eqpegpvtc.
`vkqpu qh #1/12& Vyggp 91 )Hkiwtg 4*/ Kp cffkvkqp- vjg ghhgevu
`qh htgg|g"vjcykpi kp vjg rtgugpeg cpf cdugpeg qh Vyggp 91
`qp vjg ecvcn{vke cevkxkv{ qh NFJ ycu vguvgf/ Ykvjqwv c
`uwthcevcpv- qpn{ 34& qh vjg kpkvkcn NFJ cevkxkv{ ycu tgeqxgtgf
`chvgt vjcykpi/ Kp eqpvtcuv- c uqnwvkqp eqpvckpkpi 1/12& Vyggp
`91 tgvckpgf ;6& qh kvu cevkxkv{ fwtkpi vjg ucog rtqeguu/
`Vjg ecrcekv{ qh 1/12& Vyggp 91 vq rtqvgev rtqvgkpu fwtkpi
`htgg|g"vjcykpi crrgctu vq dg swkvg igpgtcn dgecwug cnn qh vjg
`oqfgn rtqvgkpu ygtg guugpvkcnn{ eqorngvgn{ rtqvgevgf )Vcdng
`2*/ Vq gnkokpcvg vjg rquukdknkv{ vjcv Vyggp 91 ycu cevkpi d{
`ukorn{ fkuuqnxkpi rtqvgkp ciitgicvgu chvgt vjcykpi- vjg hqn.
`nqykpi gzrgtkogpv ycu rgthqtogf/ Rtqvgkp uqnwvkqpu ygtg
`htq|gp cpf vjcygf ykvjqwv vjg uwthcevcpv/ Vjgp- c uocnn
`cnkswqv qh eqpegpvtcvgf Vyggp 91 ycu cffgf vq dtkpi vjg
`uwthcevcpv eqpegpvtcvkqp vq 1/12&/ Vjg ucorngu ygtg vjgp
`
`Ex. 1027 - Page 4 of 7
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`++
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`$
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`Gxgp kh dkpfkpi qh vjg uwthcevcpv vq vjg pcvkxg rtqvgkp fkf
`pqv rtqxkfg c ukipkhkecpv ghhgev qp vjg htgg gpgti{ qh fgpcvwt.
`cvkqp- vjg rtqvgkp"uwthcevcpv eqorngz okijv dg jkpfgtgf
`uvgtkecnn{ htqo hqtokpi vjg kpvgtoqngewnct eqpvcevu pggfgf hqt
`rtqvgkp ciitgicvkqp/ Uwej kpvgtcevkqpu jcxg dggp ujqyp vq
`rnc{ cp korqtvcpv tqng kp vjg kpjkdkvkqp qh cikvcvkqp.kpfwegf
`ciitgicvkqp qh jwocp itqyvj jqtoqpg/32 Jqygxgt- cickp- kv
`uggou wpnkmgn{ vjcv vjg crrtqrtkcvg rtqvgkp"uwthcevcpv eqo.
`rngz eqwnf dg hqtogf ykvj cnn qh vjg eqodkpcvkqpu qh rtqvgkpu
`cpf uwthcevcpvu vjcv yg jcxg hqwpf kpjkdkv fgpcvwtcvkqp
`fwtkpi htgg|g"vjcykpi/
`Hkpcnn{- uwthcevcpvu eqwnf okpkok|g rtqvgkp fgpcvwtcvkqp
`fwtkpi htgg|g"vjcykpi d{ cuukuvkpi vjg tghqnfkpi qh rtqvgkp
`oqngewngu fwtkpi vjcykpi/ D{ qeewr{kpi gzrqugf j{ftqrjqdke
`uwthcegu cpf vjgtgd{ rtgxgpvkpi vjg ciitgicvkqp qh wphqnfgf
`rtqvgkpu- uwthcevcpvu eqwnf ghhgevkxgn{ jgnr kpfkxkfwcn oqn.
`gewngu vq tgickp vjgkt pcvkxg uvtwevwtg/ Qpg yc{ vq fkuvkpiwkuj
`dgvyggp vjgug rquukdknkvkgu yqwnf dg vq fktgevn{ gzcokpg vjg
`ghhgev qh uwthcevcpvu qp vjg rtqvgkp uvtwevwtg kp vjg htq|gp
`uvcvg/ Wphqtvwpcvgn{- kp vjg oquv gzvgpukxg uvwf{ qp htgg|kpi.
`kpfwegf uvtwevwtcn rgtvwtdcvkqpu vq fcvg- yjkej gornq{gf
`hnwqtguegpeg vq oqpkvqt cnvgtcvkqpu kp vgtvkct{ uvtwevwtg- vjg
`ghhgev qh uwthcevcpvu ycu pqv gzcokpgf/25 Cu fguetkdgf pgzv-
`KT urgevtqueqr{ ku c rqygthwn vqqn vq uvwf{ rtqvgkp ugeqpfct{
`uvtwevwtg kp vjg ftkgf uqnkf/ Vjku ogvjqf ecp cnuq dg wugf vq
`uvwf{ rtqvgkpu kp vjg htq|gp uvcvg/ Jqygxgt- tgncvkxgn{ jkij
`rtqvgkp eqpegpvtcvkqpu ctg tgswktgf vq qdvckp vjg jkij swcnkv{
`urgevtc pggfgf hqt tkiqtqwu cpcn{uku/ Cv vjgug eqpegpvtcvkqpu
`)ec/ 31 oi0oN*- vjg uvtwevwtg qh rtqvgkpu vjcv yg jcxg
`gzcokpgf vq fcvg )kpenwfkpi NFJ- KN.2tc- ecvcncug- n{uq|{og-
`cpf o{qinqdkp* ctg pqv itgcvn{ cnvgtgf kp vjg htq|gp uvcvg=
`gxgp vjqwij kp ocp{ ecugu htgg|g.vjcykpi cv nqygt eqpegpvtc.
`vkqpu ngcfu vq ciitgicvkqp/ Dgecwug qh vjku kpvtkpuke rtqvgkp
`uvcdknkv{- kv ku pqv rquukdng vq fkuegtp cp ghhgev qh uwthcevcpvu
`fwtkpi vjg htgg|kpi uvgr/
`Kpuvgcf- cu fkuewuugf ncvgt- vjg
`uvtwevwtcn ejcpigu kp vjg htgg|g.ftkgf KN.2tc ygtg cpcn{|gf
`vq fgoqpuvtcvg vjcv uwthcevcpvu ecp ockpvckp vjg pcvkxg
`uvtwevwtg qh rtqvgkpu fwtkpi htgg|g.ft{kpi/
`Ghhgevu qh Htgg|g.Ft{kpi cpf Tgj{ftcvkqp qp KN.
`2tc$Kp igpgtcn- kv crrgctu vjcv vq qdvckp pcvkxg- pqpciitg.
`icvgf rtqvgkp chvgt htgg|g.ft{kpi cpf tgj{ftcvkqp-
`kv ku
`pgeguuct{ vq fgxgnqr c hqtowncvkqp vjcv rtqvgevu vjg rtqvgkp
`fwtkpi dqvj htgg|kpi cpf ft{kpi/2-3 Cnvjqwij kv jcu dggp
`ujqyp vjcv uwthcevcpvu ecp kortqxg vjg tgeqxgt{ qh gp|{og
`cevkxkv{ chvgt htgg|g.ft{kpi cpf tgj{ftcvkqp- vjg fktgev ghhgev
`qh vjgug cffkvkxgu qp rtqvgkp uvtwevwtg kp vjg ftkgf uqnkf jcu
`pqv dggp gzcokpgf/ Cnuq- vjg tgncvkqpujkr dgvyggp vjg ghhgevu
`qh uwthcevcpvu qp ftkgf uqnkf uvtwevwtg cpf ciitgicvkqp chvgt
`tgj{ftcvkqp jcu pqv dggp kpxguvkicvgf/ Vq cfftguu vjgug
`kuuwgu- yg uvwfkgf htgg|g.ftkgf KN.2tc/ Yjgp 2 oi0oN qh KN.
`2tc ycu htgg|g.ftkgf kp vjg cdugpeg qh c uvcdknk|gt- uk|g.
`gzenwukqp JRNE cpcn{uku qh vjg tgeqpuvkvwvgf ucorng ujqygf
`vjcv 61& qh vjg rtqvgkp hqtogf uqnwdng ciitgicvgu )Vcdng 4*/
`Yjgp 1/2& qh Vyggp 91 ycu kpenwfgf kp vjg rtqvgkp uqnwvkqp-
`vjg uqnwdng ciitgicvg eqpvgpv fgetgcugf vq 4&/ Kpenwukqp qh
`2& uwetqug kp vjg hqtowncvkqp- yjkej ku mpqyp kpjkdkv
`wphqnfkpi qh rtqvgkpu fwtkpi htgg|g.ft{kpi-3 ngf vq unkijvn{ nguu
`
`$
`
`$
`-
`
`okzgf ygnn cpf vjg qrvkecn fgpukv{ cv 611 po ycu ogcuwtgf/
`Hqt cnn rtqvgkpu- vjku vtgcvogpv fkf pqv tgfweg vjg fgitgg qh
`rtqvgkp ciitgicvkqp htqo vjcv pqvgf koogfkcvgn{ chvgt vjcy.
`kpi/
`Vq fgvgtokpg jqy igpgtcn vjku rtqvgevkxg ghhgev ycu- vjg
`kphnwgpeg qh ugxgtcn uwthcevcpvu- ykvj fkhhgtgpv ejgokecn
`uvtwevwtgu- qp htgg|g fgpcvwtcvkqp qh NFJ ycu vguvgf/ Cnn vjg
`vguvgf uwthcevcpvu rtqvgevgf NFJ htqo rtgekrkvcvkqp fwtkpi
`c swgpej.htgg|kpi rtqeguu- gxgp vjqwij vjg eqpvtqn htq|gp
`ykvjqwv c uwthcevcpv ujqygf c ukipkhkecpv kpetgcug kp vwtdkfkv{
`)Vcdng 3*/
`Vjku igpgtcn uvcdknk|cvkqp qh rtqvgkpu fwtkpi htgg|g"vjcykpi
`d{ tgncvkxgn{ nqy eqpegpvtcvkqpu qh uwthcevcpvu uvtqpin{ uwr.
`rqtvu vjg eqpvgpvkqp vjcv fcocig vq rtqvgkpu fwtkpi htgg|kpi
`ku fwg- cv ngcuv vq c nctig fgitgg- vq uwthceg fgpcvwtcvkqp/ Kh
`vjku ku ecug- vjgp ogejcpkuvkecnn{ kv yqwnf crrgct vjcv
`uwthcevcpvu ecp eqorgvg ykvj rtqvgkpu hqt vjku uwthceg- yjkej
`ku oquv nkmgn{ vjg keg"ycvgt kpvgthceg- cpf rtgxgpv vjg
`fcocikpi cuuqekcvkqp qh vjg rtqvgkp ykvj vjg uwthceg/ Jqy.
`gxgt- vjgtg ctg cnvgtpcvkxg kpvgtrtgvcvkqpu hqt vjg ghhgevu qh
`uwthcevcpvu cu rtqvgkp et{qrtqvgevcpvu/
`Hktuv- kh vjg uwthcevcpv dkpfu vq vjg pcvkxg uvcvg vq c itgcvgt
`fgitgg vjcp kv dkpfu vq vjg fgpcvwtgf uvcvg- vjgp vjgtg yknn
`dg c fgetgcug kp vjg htgg gpgti{ qh vjg pcvkxg uvcvg tgncvkxg vq
`vjcv qh vjg fgpcvwtgf uvcvg/ Vjku kpvgtcevkqp yqwnf kpetgcug
`vjg htgg gpgti{ qh fgpcvwtcvkqp cpf uvcdknk|g vjg pcvkxg uvcvg/
`Uwej kpvgtcevkqpu tgswktg c urgekhke dkpfkpi vq vjg pcvkxg uvcvg-
`yjkej yqwnf dg kphnwgpegf d{ vjg rj{ukeqejgokecn rtqrgtvkgu
`qh dqvj vjg rtqvgkp cpf vjg uwthcevcpv/
`Kv fqgu pqv uggo
`tgcuqpcdng vjcv vjg tgswkukvg rtqrgtvkgu yqwnf dg rtgugpv hqt
`cnn qh vjg rtqvgkpu vjcv ctg rtqvgevgf d{ Vyggp 91 pqt hqt cnn
`qh vjg uwthcevcpvu vjcv rtqvgev NFJ fwtkpi htgg|g"vjcykpi/
`
`Ex. 1027 - Page 5 of 7
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`

`

`,
`
`,
`
`Vcdng 4- kpfkecvgu vjcv Vyggp 91- nkmg uwetqug- rtgxgpvu vjg
`hqtocvkqp qh ciitgicvgu rtkoctkn{ d{ rtqvgevkpi vjg rtqvgkp
`uvtwevwtg fwtkpi htgg|g.ft{kpi- cnvjqwij Vyggp 91 ecp cnuq
`tgfweg hqtocvkqp qh ciitgicvkqp fwtkpi vjg tgeqpuvkvwvkqp
`uvgr/
`Kpvgtguvkpi- ukorn{ tckukpi vjg rtqvgkp eqpegpvtcvkqp vq 211
`oi0oN cnuq ngf vq c itgcv tgfwevkqp kp ciitgicvkqp ogcuwtgf
`chvgt tgeqpuvkvwvkqp )Vcdng 4*/ Kp cffkvkqp- vjg KT urgevtwo
`qh vjg rtqvgkp kp vjg ftkgf uqnkf fkf pqv jcxg c dcpf cv 2729
`eo"2- yjkej ujqyu vjcv ciitgicvkqp jcf pqv qeewttgf fwtkpi
`vjg htgg|g.ft{kpi rtqeguu/ Uwej uq.ecnngf ‹ugnh.uvcdknk|cvkqp…
`qh rtqvgkpu fwtkpi htgg|g.vjcykpi ku mpqyp hqt ugxgtcn own.
`vkogtke gp|{ogu/6 Cu pqvgf cdqxg- yg jcxg hqwpf ykvj KT
`urgevtqueqr{ vjcv cv eqpegpvtcvkqpu qh 31 oi0oN- ocp{
`rtqvgkpu- kpenwfkpi KN.2tc- tgvckp vjgkt pcvkxg uvtwevwtg kp vjg
`htq|gp uvcvg/ Uwej ugnh.uvcdknk|cvkqp ycu cnuq hqwpf yjgp
`rtqvgkpu ygtg uwdlgevgf vq uwthceg fgpcvwtcvkqp/28 Vjgtghqtg-
`vjku fktgev eqttgncvkqp dgvyggp rtqvgkp eqpegpvtcvkqp cpf
`tgukuvcpeg vq fcocig fwtkpi htgg|g"vjcykpi cpf htgg|g.
`ft{kpi eqwnf dg gzrnckpgf- kp rctv- d{ vjg tqng qh uwthceg
`fgpcvwtcvkqp qp keg/ Cp cnvgtpcvkxg kpvgtrtgvcvkqp ku vjcv vjg
`rtqvgkp.vq.uwthceg tcvkq ku tgfwegf cv jkijgt rtqvgkp eqpegp.
`vtcvkqpu/ Cuuwokpi vjcv vjgtg ku c egtvckp ctgc qh keg uwthceg
`qp yjkej rtqvgkp yknn dg cduqtdgf cpf vjcv vjku rtqeguu fqgu
`pqv cnnqy fgpcvwtgf rtqvgkp oqngewngu vq e{eng qhh qh vjg keg
`et{uvcn uwthceg- vjgp vjgtg ku qpn{ c egtvckp pwodgt qh rtqvgkp
`oqngewngu vjcv yknn dg fgpcvwtgf kp c ikxgp htgg|kpi rtqeguu/
`Qpeg vjg rtqvgkp eqpegpvtcvkqp gzeggfu vjcv pggfgf vq kpvgtcev
`ykvj vjg keg uwthceg- vjgp vjg tgockpkpi rtqvgkp oqngewngu
`yknn tgockp pcvkxg/ Jqygxgt- kh vjku ygtg vjg qpn{ ghhgev- vjgp
`vjgtg yqwnf dg vjg ucog cduqnwvg coqwpv qh fgpcvwtgf
`rtqvgkp- kttgurgevkxg qh vjg kpkvkcn rtqvgkp eqpegpvtcvkqp/ Vjku
`ku pqv vjg ecug kp qwt gzrgtkogpvu/ Ykvj vjg n.oi0oN ucorng-
`1/6 oi0oN ciitgicvgf chvgt htgg|g"vjcykpi- {gv qpn{ 1/12 oi0
`oN ycu fgpcvwtgf yjgp c 211.oi0oN eqpegpvtcvkqp ycu
`htgg|g"vjcygf/ Vjwu- vjg tqng qh rtqvgkpu cu uwthcevcpvu ku c
`oqtg rncwukdng gzrncpcvkqp qh uwej ugnh.uvcdknk|cvkqp rjgpqo.
`gpqp/
`
`Yjgp cnn vjg uwrrqtvkpi gxkfgpeg ku eqpukfgtgf )vjg uvtqpi
`rqukvkxg eqttgncvkqp dgvyggp htgg|g fgpcvwtcvkqp cpf uwthceg
`fgpcvwtcvkqp- vjg ghhgev qh rtqvgkp eqpegpvtcvkqp- vjg ghhgev qh
`eqqnkpi tcvg- vjg ghhgev qh uwthcevcpvu- cpf vjg gxkfgpeg vjcv
`gzenwfgu cnvgtpcvkxg kpvgtrtgvcvkqpu*- vjg fgpcvwtcvkqp qh
`rtqvgkpu fwtkpi htgg|g"vjcykpi ecp dg cuetkdgf rtkoctkn{ vq
`vjg kpetgcug qh vjg keg"ycvgt kpvgthceg fwtkpi htgg|kpi/ Vjwu-
`hqt vjg tcvkqpcn fgukip qh uvcdng rtqvgkp hqtowncvkqpu hqt
`htgg|kpi cpf htgg|g.ft{kpi- kv ku cfxcpvcigqwu vq kpenwfg c
`uwthcevcpv- yjkej crrctgpvn{ kpjkdkvu vjku urgekhke uqwteg qh
`fgpcvwtcvkqp/ Jqygxgt- yg ykuj vq gorjcuk|g vjcv c uwthce.
`vcpv oc{ qpn{ dg uwhhkekgpv vq rtqvgev rtqvgkpu fwtkpi vjg
`htgg|kpi uvgr/ Cpqvjgt uvcdknk|gt- yjkej ku mpqyp vq eqphgt
`rtqvgevkqp fwtkpi ft{kpi )g/i/- uwetqug* yknn rtqdcdn{ dg pggfgf
`vq eqorngvgn{ kpjkdkv rtqvgkp wphqnfkpi fwtkpi htgg|g.ft{kpi/
`Hkpcnn{- kv ku korqtvcpv vq eqpukfgt jqy qvjgt pqpuwthcevcpv
`cffkvkxgu- yjkej ctg cnuq rqvgpv uvcdknk|gtu )g/i/- uwictu-
`rqn{ogtu* qh rtqvgkpu fwtkpi htgg|kpi- okijv tgfweg uwthceg.
`kpfwegf fgpcvwtcvkqp fwtkpi htgg|kpi/ Cu fguetkdgf kp vjg
`Kpvtqfwevkqp- vjgug cffkvkxgu kpetgcug vjg qxgtcnn vjgtoqf{.
`pcoke uvcdknkv{ qh vjg pcvkxg rtqvgkp- yjkej ku cv ngcuv ygcmn{
`cuuqekcvgf ykvj tgukuvcpeg vq fgpcvwtcvkqp cv uwthcegu/ Cnuq-
`cu pqvgf gctnkgt- uvtguugu qvjgt vjcp vjg keg"ycvgt kpvgthceg
`ecp hquvgt rtqvgkp fcocig fwtkpi htgg|kpi- cpf kpetgcukpi vjg
`htgg gpgti{ qh fgpcvwtcvkqp ujqwnf kpetgcug vjg tgukuvcpeg qh
`vjg rtqvgkp vq cnn qh vjg xctkqwu uvtguugu/
`
`$
`
`+
`
`+
`
`rtqvgevkqp- cu tghngevgf d{ c 9& ciitgicvg eqpvgpv wrqp
`tgeqpuvkvwvkqp/
`Vq cuegtvckp cv yjcv rqkpv fwtkpi vjg htgg|g.ft{kpi cpf
`tgj{ftcvkqp rtqeguu Vyggp 91 ycu rtqxkfkpi kvu dgpghkekcn
`ghhgevu- yg eqpfwevgf vjg hqnnqykpi gzrgtkogpvu/ Hktuv- yg
`hqwpf vjcv vjg uwthcevcpv ecp rtgxgpv vjg hqtocvkqp qh
`ciitgicvgu fwtkpi tgj{ftcvkqp/ Yjgp vjg rtqvgkp ycu htgg|g.
`ftkgf ykvjqwv uwthcevcpv dwv tgeqpuvkvwvgf ykvj 1/2& Vyggp
`91- vjg ciitgicvg eqpvgpv ycu tgfwegf vq 34&/ Jqygxgt- vjku
`rtqvgevkqp ycu pqv uwhhkekgpv vq gzrnckp vjg tgfwevkqp qh
`ciitgicvg eqpvgpv vq 4& yjgp Vyggp 91 ycu kpenwfgf rtkqt
`vq vjg htgg|g.ft{kpi/
`Pgzv yg eqorctgf vjg ghhgev qh vjg cffkvkxgu qp vjg
`uvtwevwtg qh vjg rtqvgkp kp vjg ftkgf uqnkf/ Vjg KT urgevtwo
`qh KN.2tc htgg|g.ftkgf kp vjg cdugpeg qh uvcdknk|gtu ku itgcvn{
`cnvgtgf tgncvkxg vq vjcv qh vjg rtqvgkp kp cswgqwu uqnwvkqp
`)Hkiwtg 5C*/ Vjgtg ctg ujkhvu kp dcpf rqukvkqpu cv 2753 eo"2