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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 719.3 m 277.5 719.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 719.3 m 405.5 719.3 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 723.76 Td (Yes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.35 723.76 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 256.60 721.82 cm /I5 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 723.76 Td (No) Tj ET Q /GS0 gs q 8.02 0 0 8.78 383.45 721.82 cm /I6 Do Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.44 692.20 Td (this ) Tj ET Q q 0 0 0 rg BT 59.88 692.20 Td (report ) Tj ET Q q 0 0 0 rg BT 83.82 692.20 Td (is ) Tj ET Q q 0 0 0 rg BT 92.26 692.20 Td (an ) Tj ET Q q 0 0 0 rg BT 103.20 692.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 129.63 692.20 Td (or ) Tj ET Q q 0 0 0 rg BT 139.57 692.20 Td (transition ) Tj ET Q q 0 0 0 rg BT 176.01 692.20 Td (report, ) Tj ET Q q 0 0 0 rg BT 202.20 692.20 Td (indicate ) Tj ET Q q 0 0 0 rg BT 233.13 692.20 Td (by ) Tj ET Q q 0 0 0 rg BT 244.57 692.20 Td (check ) Tj ET Q q 0 0 0 rg BT 268.00 692.20 Td (mark ) Tj ET Q q 0 0 0 rg BT 288.93 692.20 Td (if ) Tj ET Q q 0 0 0 rg BT 296.87 692.20 Td (the ) Tj ET Q q 0 0 0 rg BT 310.31 692.20 Td (registrant ) Tj ET Q q 0 0 0 rg BT 346.74 692.20 Td (is ) Tj ET Q q 0 0 0 rg BT 355.19 692.20 Td (not ) Tj ET Q q 0 0 0 rg BT 369.13 692.20 Td (required ) Tj ET Q q 0 0 0 rg BT 401.56 692.20 Td (to ) Tj ET Q q 0 0 0 rg BT 411.00 692.20 Td (file ) Tj ET Q q 0 0 0 rg BT 425.44 692.20 Td (reports ) Tj ET Q q 0 0 0 rg BT 452.87 692.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 486.31 692.20 Td (to ) Tj ET Q q 0 0 0 rg BT 495.76 692.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 525.19 692.20 Td (13 ) Tj ET Q q 0 0 0 rg BT 536.64 692.20 Td (or ) Tj ET Q q 0 0 0 rg BT 546.58 692.20 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 568.52 692.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 681.40 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 681.40 Td (Securities ) Tj ET Q q 0 0 0 rg BT 86.99 681.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 124.22 681.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 139.46 681.40 Td (of ) Tj ET Q q 0 0 0 rg BT 149.21 681.40 Td (1934.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 650.9 m 277.5 650.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 650.9 m 405.5 650.9 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 655.36 Td (Yes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.35 655.36 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 256.60 653.42 cm /I7 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 655.36 Td (No) Tj ET Q /GS0 gs q 8.02 0 0 8.78 383.45 653.42 cm /I8 Do Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 55.71 623.80 Td (- ) Tj ET Q q 0 0 0 rg BT 60.93 623.80 Td (Checking ) Tj ET Q q 0 0 0 rg BT 97.64 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.85 623.80 Td (box ) Tj ET Q q 0 0 0 rg BT 126.57 623.80 Td (above ) Tj ET Q q 0 0 0 rg BT 150.27 623.80 Td (will ) Tj ET Q q 0 0 0 rg BT 166.49 623.80 Td (not ) Tj ET Q q 0 0 0 rg BT 180.21 623.80 Td (relieve ) Tj ET Q q 0 0 0 rg BT 206.91 623.80 Td (any ) Tj ET Q q 0 0 0 rg BT 222.12 623.80 Td (registrant ) Tj ET Q q 0 0 0 rg BT 258.32 623.80 Td (required ) Tj ET Q q 0 0 0 rg BT 290.53 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 299.74 623.80 Td (file ) Tj ET Q q 0 0 0 rg BT 313.95 623.80 Td (reports ) Tj ET Q q 0 0 0 rg BT 341.16 623.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 374.37 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 383.59 623.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 412.80 623.80 Td (13 ) Tj ET Q q 0 0 0 rg BT 424.02 623.80 Td (or ) Tj ET Q q 0 0 0 rg BT 433.74 623.80 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 455.45 623.80 Td (of ) Tj ET Q q 0 0 0 rg BT 465.16 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 478.37 623.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 516.08 623.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 553.29 623.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 568.50 623.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (1934 ) Tj ET Q q 0 0 0 rg BT 56.25 613.00 Td (from ) Tj ET Q q 0 0 0 rg BT 75.99 613.00 Td (their ) Tj ET Q q 0 0 0 rg BT 94.74 613.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 136.99 613.00 Td (under ) Tj ET Q q 0 0 0 rg BT 159.73 613.00 Td (those ) Tj ET Q q 0 0 0 rg BT 180.98 613.00 Td (Sections.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 585.40 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 66.99 585.40 Td (by ) Tj ET Q q 0 0 0 rg BT 77.99 585.40 Td (check ) Tj ET Q q 0 0 0 rg BT 100.98 585.40 Td (mark ) Tj ET Q q 0 0 0 rg BT 121.48 585.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 152.47 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 165.47 585.40 Td (registrant ) Tj ET Q q 0 0 0 rg BT 201.46 585.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 213.96 585.40 Td (has ) Tj ET Q q 0 0 0 rg BT 227.96 585.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 246.46 585.40 Td (all ) Tj ET Q q 0 0 0 rg BT 257.46 585.40 Td (reports ) Tj ET Q q 0 0 0 rg BT 284.46 585.40 Td (required ) Tj ET Q q 0 0 0 rg BT 316.45 585.40 Td (to ) Tj ET Q q 0 0 0 rg BT 325.45 585.40 Td (be ) Tj ET Q q 0 0 0 rg BT 335.95 585.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 354.45 585.40 Td (by ) Tj ET Q q 0 0 0 rg BT 365.45 585.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.45 585.40 Td (13 ) Tj ET Q q 0 0 0 rg BT 405.46 585.40 Td (or ) Tj ET Q q 0 0 0 rg BT 414.96 585.40 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 436.46 585.40 Td (of ) Tj ET Q q 0 0 0 rg BT 445.96 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 458.96 585.40 Td (Securities ) Tj ET Q q 0 0 0 rg BT 496.46 585.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 533.50 585.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 548.50 585.40 Td (of ) Tj ET Q q 0 0 0 rg BT 558.00 585.40 Td (1934 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 574.60 Td (during ) Tj ET Q q 0 0 0 rg BT 61.80 574.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.10 574.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 112.89 574.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 124.19 574.60 Td (months ) Tj ET Q q 0 0 0 rg BT 153.00 574.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 165.79 574.60 Td (for ) Tj ET Q q 0 0 0 rg BT 178.59 574.60 Td (such ) Tj ET Q q 0 0 0 rg BT 197.39 574.60 Td (shorter ) Tj ET Q q 0 0 0 rg BT 224.69 574.60 Td (period ) Tj ET Q q 0 0 0 rg BT 249.98 574.60 Td (that ) Tj ET Q q 0 0 0 rg BT 265.78 574.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.08 574.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 315.37 574.60 Td (was ) Tj ET Q q 0 0 0 rg BT 331.67 574.60 Td (required ) Tj ET Q q 0 0 0 rg BT 363.96 574.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.27 574.60 Td (file ) Tj ET Q q 0 0 0 rg BT 387.56 574.60 Td (such ) Tj ET Q q 0 0 0 rg BT 406.36 574.60 Td (reports\), ) Tj ET Q q 0 0 0 rg BT 438.90 574.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.20 574.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 467.00 574.60 Td (has ) Tj ET Q q 0 0 0 rg BT 481.30 574.60 Td (been ) Tj ET Q q 0 0 0 rg BT 500.59 574.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 528.39 574.60 Td (to ) Tj ET Q q 0 0 0 rg BT 537.70 574.60 Td (such ) Tj ET Q q 0 0 0 rg BT 556.50 574.60 Td (filing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 563.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 85.23 563.80 Td (for ) Tj ET Q q 0 0 0 rg BT 97.98 563.80 Td (the ) Tj ET Q q 0 0 0 rg BT 111.22 563.80 Td (past ) Tj ET Q q 0 0 0 rg BT 127.97 563.80 Td (90 ) Tj ET Q q 0 0 0 rg BT 139.22 563.80 Td (days.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 533.3 m 277.5 533.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 533.3 m 405.5 533.3 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 537.76 Td (Yes) Tj ET Q /GS0 gs q 8.02 0 0 8.78 255.45 535.82 cm /I9 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 537.76 Td (No) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.35 537.76 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 384.60 535.82 cm /I10 Do Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 506.20 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 67.88 506.20 Td (by ) Tj ET Q q 0 0 0 rg BT 79.77 506.20 Td (check ) Tj ET Q q 0 0 0 rg BT 103.65 506.20 Td (mark ) Tj ET Q q 0 0 0 rg BT 125.04 506.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 156.92 506.20 Td (the ) Tj ET Q q 0 0 0 rg BT 170.82 506.20 Td (registrant ) Tj ET Q q 0 0 0 rg BT 207.70 506.20 Td (has ) Tj ET Q q 0 0 0 rg BT 222.59 506.20 Td (submitted ) Tj ET Q q 0 0 0 rg BT 260.99 506.20 Td (electronically ) Tj ET Q q 0 0 0 rg BT 312.86 506.20 Td (and ) Tj ET Q q 0 0 0 rg BT 328.75 506.20 Td (posted ) Tj ET Q q 0 0 0 rg BT 355.14 506.20 Td (on ) Tj ET Q q 0 0 0 rg BT 367.04 506.20 Td (its ) Tj ET Q q 0 0 0 rg BT 378.44 506.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 415.10 506.20 Td (W) Tj ET Q q 0 0 0 rg BT 422.87 506.20 Td (eb ) Tj ET Q q 0 0 0 rg BT 434.26 506.20 Td (site, ) Tj ET Q q 0 0 0 rg BT 451.91 506.20 Td (if ) Tj ET Q q 0 0 0 rg BT 460.30 506.20 Td (any) Tj ET Q q 0 0 0 rg BT 472.71 506.20 Td (, ) Tj ET Q q 0 0 0 rg BT 477.86 506.20 Td (every ) Tj ET Q q 0 0 0 rg BT 500.74 506.20 Td (Interactive ) Tj ET Q q 0 0 0 rg BT 542.11 506.20 Td (Data ) Tj ET Q q 0 0 0 rg BT 562.00 506.20 Td (File ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 495.40 Td (required ) Tj ET Q q 0 0 0 rg BT 68.65 495.40 Td (to ) Tj ET Q q 0 0 0 rg BT 78.32 495.40 Td (be ) Tj ET Q q 0 0 0 rg BT 89.48 495.40 Td (submitted ) Tj ET Q q 0 0 0 rg BT 127.65 495.40 Td (and ) Tj ET Q q 0 0 0 rg BT 143.31 495.40 Td (posted ) Tj ET Q q 0 0 0 rg BT 169.48 495.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 203.14 495.40 Td (to ) Tj ET Q q 0 0 0 rg BT 212.81 495.40 Td (Rule ) Tj ET Q q 0 0 0 rg BT 232.47 495.40 Td (405 ) Tj ET Q q 0 0 0 rg BT 248.64 495.40 Td (of ) Tj ET Q q 0 0 0 rg BT 258.80 495.40 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 300.96 495.40 Td (S-T) Tj ET Q q 0 0 0 rg BT 314.30 495.40 Td ( ) Tj ET Q q 0 0 0 rg BT 316.97 495.40 Td (\(232.405 ) Tj ET Q q 0 0 0 rg BT 356.38 495.40 Td (of ) Tj ET Q q 0 0 0 rg BT 366.55 495.40 Td (this ) Tj ET Q q 0 0 0 rg BT 382.22 495.40 Td (chapter\) ) Tj ET Q q 0 0 0 rg BT 414.36 495.40 Td (during ) Tj ET Q q 0 0 0 rg BT 440.53 495.40 Td (the ) Tj ET Q q 0 0 0 rg BT 454.19 495.40 Td (preceding ) Tj ET Q q 0 0 0 rg BT 492.34 495.40 Td (12 ) Tj ET Q q 0 0 0 rg BT 504.01 495.40 Td (months ) Tj ET Q q 0 0 0 rg BT 533.18 495.40 Td (\(or ) Tj ET Q q 0 0 0 rg BT 546.34 495.40 Td (for ) Tj ET Q q 0 0 0 rg BT 559.50 495.40 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 484.60 Td (shorter ) Tj ET Q q 0 0 0 rg BT 63.24 484.60 Td (period ) Tj ET Q q 0 0 0 rg BT 88.48 484.60 Td (that ) Tj ET Q q 0 0 0 rg BT 104.23 484.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.47 484.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 153.71 484.60 Td (was ) Tj ET Q q 0 0 0 rg BT 169.96 484.60 Td (required ) Tj ET Q q 0 0 0 rg BT 202.19 484.60 Td (to ) Tj ET Q q 0 0 0 rg BT 211.44 484.60 Td (submit ) Tj ET Q q 0 0 0 rg BT 238.20 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.44 484.60 Td (post ) Tj ET Q q 0 0 0 rg BT 270.69 484.60 Td (such ) Tj ET Q q 0 0 0 rg BT 289.44 484.60 Td (files\).) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 456.1 m 277.5 456.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 456.1 m 405.5 456.1 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 460.56 Td (Yes) Tj ET Q /GS0 gs q 8.02 0 0 8.78 255.45 458.62 cm /I11 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 460.56 Td (No) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.35 460.56 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 384.60 458.62 cm /I12 Do Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 429.00 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 67.59 429.00 Td (by ) Tj ET Q q 0 0 0 rg BT 79.19 429.00 Td (check ) Tj ET Q q 0 0 0 rg BT 102.78 429.00 Td (mark ) Tj ET Q q 0 0 0 rg BT 123.87 429.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 155.46 429.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.06 429.00 Td (registrant ) Tj ET Q q 0 0 0 rg BT 205.65 429.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.26 429.00 Td (a ) Tj ET Q q 0 0 0 rg BT 220.86 429.00 Td (lar) Tj ET Q q 0 0 0 rg BT 230.19 429.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 241.29 429.00 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 284.35 429.00 Td (filer) Tj ET Q q 0 0 0 rg BT 298.98 429.00 Td (, ) Tj ET Q q 0 0 0 rg BT 303.84 429.00 Td (an ) Tj ET Q q 0 0 0 rg BT 314.94 429.00 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 358.00 429.00 Td (filer ) Tj ET Q q 0 0 0 rg BT 375.59 429.00 Td (or ) Tj ET Q q 0 0 0 rg BT 385.69 429.00 Td (a ) Tj ET Q q 0 0 0 rg BT 392.29 429.00 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 451.85 429.00 Td (filer) Tj ET Q q 0 0 0 rg BT 466.35 429.00 Td (. ) Tj ET Q q 0 0 0 rg BT 471.20 429.00 Td ( ) Tj ET Q q 0 0 0 rg BT 473.81 429.00 Td (See ) Tj ET Q q 0 0 0 rg BT 489.40 429.00 Td (the ) Tj ET Q q 0 0 0 rg BT 503.00 429.00 Td (definitions ) Tj ET Q q 0 0 0 rg BT 544.10 429.00 Td (of ) Tj ET Q q 0 0 0 rg BT 554.20 429.00 Td (lar) Tj ET Q q 0 0 0 rg BT 567.53 429.00 Td (ge ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.20 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 78.71 418.20 Td (filer ) Tj ET Q q 0 0 0 rg BT 99.94 418.20 Td (and ) Tj ET Q q 0 0 0 rg BT 115.19 418.20 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 161.89 418.20 Td (filer ) Tj ET Q q 0 0 0 rg BT 183.13 418.20 Td (in ) Tj ET Q q 0 0 0 rg BT 192.38 418.20 Td (Rule ) Tj ET Q q 0 0 0 rg BT 211.63 418.20 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 234.87 418.20 Td (of ) Tj ET Q q 0 0 0 rg BT 244.62 418.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.87 418.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 295.10 418.20 Td (Act. ) Tj ET Q q 0 0 0 rg BT 312.60 418.20 Td (\(Check ) Tj ET Q q 0 0 0 rg BT 340.84 418.20 Td (one\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.35 395.16 Td (Lar) Tj ET Q q 0 0 0 rg BT 123.68 395.16 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 196.62 393.22 cm /I13 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.60 395.16 Td (Accelerated filer ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 334.31 393.22 cm /I14 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.60 395.16 Td (Non-accelerated filer ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 490.30 393.22 cm /I15 Do Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.60 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 67.23 363.60 Td (by ) Tj ET Q q 0 0 0 rg BT 78.48 363.60 Td (check ) Tj ET Q q 0 0 0 rg BT 101.72 363.60 Td (mark ) Tj ET Q q 0 0 0 rg BT 122.46 363.60 Td (which ) Tj ET Q q 0 0 0 rg BT 146.70 363.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 166.95 363.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.70 363.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 218.43 363.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.68 363.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 267.92 363.60 Td (has ) Tj ET Q q 0 0 0 rg BT 282.16 363.60 Td (used ) Tj ET Q q 0 0 0 rg BT 300.91 363.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.16 363.60 Td (prepare ) Tj ET Q q 0 0 0 rg BT 339.39 363.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.63 363.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.37 363.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 426.61 363.60 Td (included ) Tj ET Q q 0 0 0 rg BT 459.85 363.60 Td (in ) Tj ET Q q 0 0 0 rg BT 469.10 363.60 Td (this ) Tj ET Q q 0 0 0 rg BT 484.35 363.60 Td (filing:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 322.3 m 62.5 322.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 307.3 m 62.5 307.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 293.3 m 62.5 293.3 l s /GS0 gs q 8.02 0 0 8.78 44.95 324.82 cm /I16 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 326.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 326.76 Td (U.S. GAAP) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.85 311.76 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 46.10 309.82 cm /I17 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 311.76 Td (International Financial Reporting Standards as issued by the international Accounting Standards Board) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.85 297.76 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 46.10 295.82 cm /I18 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 297.76 Td (Other) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 266.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.45 266.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.38 266.20 Td (has ) Tj ET Q q 0 0 0 rg BT 89.84 266.20 Td (been ) Tj ET Q q 0 0 0 rg BT 109.28 266.20 Td (checked ) Tj ET Q q 0 0 0 rg BT 141.21 266.20 Td (in ) Tj ET Q q 0 0 0 rg BT 150.67 266.20 Td (response ) Tj ET Q q 0 0 0 rg BT 184.61 266.20 Td (to ) Tj ET Q q 0 0 0 rg BT 194.07 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.52 266.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 240.97 266.20 Td (question, ) Tj ET Q q 0 0 0 rg BT 276.17 266.20 Td (indicate ) Tj ET Q q 0 0 0 rg BT 307.11 266.20 Td (by ) Tj ET Q q 0 0 0 rg BT 318.56 266.20 Td (check ) Tj ET Q q 0 0 0 rg BT 342.00 266.20 Td (mark ) Tj ET Q q 0 0 0 rg BT 362.95 266.20 Td (which ) Tj ET Q q 0 0 0 rg BT 387.40 266.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 421.34 266.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 458.28 266.20 Td (item ) Tj ET Q q 0 0 0 rg BT 476.73 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.18 266.20 Td (registrant ) Tj ET Q q 0 0 0 rg BT 526.62 266.20 Td (has ) Tj ET Q q 0 0 0 rg BT 541.07 266.20 Td (elected ) Tj ET Q q 0 0 0 rg BT 569.01 266.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 255.40 Td (follow:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 226.89999999999998 m 240.5 226.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 226.89999999999998 m 370.5 226.89999999999998 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.35 231.36 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 219.60 229.42 cm /I19 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.00 231.36 Td (Item 17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.35 231.36 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 349.60 229.42 cm /I20 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 231.36 Td (Item 18) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 199.80 Td (If ) Tj ET Q q 0 0 0 rg BT 44.24 199.80 Td (this ) Tj ET Q q 0 0 0 rg BT 59.50 199.80 Td (is ) Tj ET Q q 0 0 0 rg BT 67.75 199.80 Td (an ) Tj ET Q q 0 0 0 rg BT 78.50 199.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 104.73 199.80 Td (report, ) Tj ET Q q 0 0 0 rg BT 130.72 199.80 Td (indicate ) Tj ET Q q 0 0 0 rg BT 161.46 199.80 Td (by ) Tj ET Q q 0 0 0 rg BT 172.71 199.80 Td (check ) Tj ET Q q 0 0 0 rg BT 195.94 199.80 Td (mark ) Tj ET Q q 0 0 0 rg BT 216.69 199.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 247.92 199.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.17 199.80 Td (registrant ) Tj ET Q q 0 0 0 rg BT 297.40 199.80 Td (is ) Tj ET Q q 0 0 0 rg BT 305.66 199.80 Td (a ) Tj ET Q q 0 0 0 rg BT 311.90 199.80 Td (shell ) Tj ET Q q 0 0 0 rg BT 331.15 199.80 Td (company ) Tj ET Q q 0 0 0 rg BT 366.39 199.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 379.13 199.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 408.37 199.80 Td (in ) Tj ET Q q 0 0 0 rg BT 417.62 199.80 Td (Rule ) Tj ET Q q 0 0 0 rg BT 436.87 199.80 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 460.12 199.80 Td (of ) Tj ET Q q 0 0 0 rg BT 469.86 199.80 Td (the ) Tj ET Q q 0 0 0 rg BT 483.11 199.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 520.34 199.80 Td (Act\).) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 169.29999999999995 m 277.5 169.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 169.29999999999995 m 405.5 169.29999999999995 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 173.76 Td (Yes) Tj ET Q /GS0 gs q 8.02 0 0 8.78 255.45 171.82 cm /I21 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 173.76 Td (No) Tj ET Q /GS0 gs q 8.02 0 0 8.78 383.45 171.82 cm /I22 Do Q BT /F1 9.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 25.30 Td (3) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 82.80 747.90 Td (CAUTIONAR) Tj ET Q q 0 0 0 rg BT 156.38 747.90 Td (Y) Tj ET Q q 0 0 0 rg BT 164.60 747.90 Td ( ST) Tj ET Q q 0 0 0 rg BT 181.39 747.90 Td (A) Tj ET Q q 0 0 0 rg BT 189.17 747.90 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 240.96 747.90 Td ( REGARDING FOR) Tj ET Q q 0 0 0 rg BT 346.54 747.90 Td (W) Tj ET Q q 0 0 0 rg BT 357.21 747.90 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 462.66 747.90 Td (A) Tj ET Q q 0 0 0 rg BT 470.44 747.90 Td (TEMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 720.30 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 720.30 Td (e ) Tj ET Q q 0 0 0 rg BT 49.84 720.30 Td (desire ) Tj ET Q q 0 0 0 rg BT 73.40 720.30 Td (to ) Tj ET Q q 0 0 0 rg BT 82.48 720.30 Td (take ) Tj ET Q q 0 0 0 rg BT 99.54 720.30 Td (advantage ) Tj ET Q q 0 0 0 rg BT 138.09 720.30 Td (of ) Tj ET Q q 0 0 0 rg BT 147.66 720.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.73 720.30 Td (safe ) Tj ET Q q 0 0 0 rg BT 177.29 720.30 Td (harbor ) Tj ET Q q 0 0 0 rg BT 202.86 720.30 Td (provisions ) Tj ET Q q 0 0 0 rg BT 242.43 720.30 Td (of ) Tj ET Q q 0 0 0 rg BT 252.00 720.30 Td (the ) Tj ET Q q 0 0 0 rg BT 265.07 720.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 292.64 720.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 330.20 720.30 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 367.77 720.30 Td (Reform ) Tj ET Q q 0 0 0 rg BT 396.88 720.30 Td (Act ) Tj ET Q q 0 0 0 rg BT 411.94 720.30 Td (of ) Tj ET Q q 0 0 0 rg BT 421.51 720.30 Td (1995, ) Tj ET Q q 0 0 0 rg BT 443.84 720.30 Td (or ) Tj ET Q q 0 0 0 rg BT 453.41 720.30 Td (the ) Tj ET Q q 0 0 0 rg BT 466.48 720.30 Td (PSLRA, ) Tj ET Q q 0 0 0 rg BT 498.81 720.30 Td (and ) Tj ET Q q 0 0 0 rg BT 513.88 720.30 Td (are ) Tj ET Q q 0 0 0 rg BT 526.94 720.30 Td (including ) Tj ET Q q 0 0 0 rg BT 563.01 720.30 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 709.50 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 77.34 709.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 115.19 709.50 Td (in ) Tj ET Q q 0 0 0 rg BT 125.56 709.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 168.40 709.50 Td (therewith. ) Tj ET Q q 0 0 0 rg BT 207.76 709.50 Td (The ) Tj ET Q q 0 0 0 rg BT 225.11 709.50 Td (PSLRA) Tj ET Q q 0 0 0 rg BT 252.63 709.50 Td ( ) Tj ET Q q 0 0 0 rg BT 255.99 709.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 290.35 709.50 Td (safe ) Tj ET Q q 0 0 0 rg BT 308.20 709.50 Td (harbor ) Tj ET Q q 0 0 0 rg BT 335.05 709.50 Td (protections ) Tj ET Q q 0 0 0 rg BT 378.40 709.50 Td (for ) Tj ET Q q 0 0 0 rg BT 392.25 709.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 454.60 709.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 495.95 709.50 Td (in ) Tj ET Q q 0 0 0 rg BT 506.31 709.50 Td (order ) Tj ET Q q 0 0 0 rg BT 528.67 709.50 Td (to ) Tj ET Q q 0 0 0 rg BT 539.03 709.50 Td (encourage ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 698.70 Td (companies ) Tj ET Q q 0 0 0 rg BT 76.74 698.70 Td (to ) Tj ET Q q 0 0 0 rg BT 85.99 698.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 115.73 698.70 Td (prospective ) Tj ET Q q 0 0 0 rg BT 159.46 698.70 Td (information ) Tj ET Q q 0 0 0 rg BT 204.21 698.70 Td (about ) Tj ET Q q 0 0 0 rg BT 226.45 698.70 Td (their ) Tj ET Q q 0 0 0 rg BT 245.19 698.70 Td (business.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 671.10 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 98.52 671.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 138.04 671.10 Td (include ) Tj ET Q q 0 0 0 rg BT 166.05 671.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 205.57 671.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 247.08 671.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 269.86 671.10 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 310.12 671.10 Td (goals, ) Tj ET Q q 0 0 0 rg BT 332.90 671.10 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 370.66 671.10 Td (future ) Tj ET Q q 0 0 0 rg BT 393.68 671.10 Td (events ) Tj ET Q q 0 0 0 rg BT 418.20 671.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.22 671.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 476.47 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.99 671.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 531.51 671.10 Td (assumptions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 660.30 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 660.30 Td (other ) Tj ET Q q 0 0 0 rg BT 71.99 660.30 Td (statements, ) Tj ET Q q 0 0 0 rg BT 114.48 660.30 Td (which ) Tj ET Q q 0 0 0 rg BT 138.72 660.30 Td (are ) Tj ET Q q 0 0 0 rg BT 151.96 660.30 Td (other ) Tj ET Q q 0 0 0 rg BT 172.70 660.30 Td (than ) Tj ET Q q 0 0 0 rg BT 190.45 660.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 230.69 660.30 Td (of ) Tj ET Q q 0 0 0 rg BT 240.43 660.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 276.17 660.30 Td (or ) Tj ET Q q 0 0 0 rg BT 285.92 660.30 Td (present ) Tj ET Q q 0 0 0 rg BT 314.16 660.30 Td (facts ) Tj ET Q q 0 0 0 rg BT 333.40 660.30 Td (or ) Tj ET Q q 0 0 0 rg BT 343.15 660.30 Td (conditions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.70 Td (This ) Tj ET Q q 0 0 0 rg BT 54.06 632.70 Td (Annual ) Tj ET Q q 0 0 0 rg BT 83.19 632.70 Td (Report ) Tj ET Q q 0 0 0 rg BT 110.33 632.70 Td (and ) Tj ET Q q 0 0 0 rg BT 125.97 632.70 Td (any ) Tj ET Q q 0 0 0 rg BT 141.60 632.70 Td (other ) Tj ET Q q 0 0 0 rg BT 162.74 632.70 Td (written ) Tj ET Q q 0 0 0 rg BT 190.87 632.70 Td (or ) Tj ET Q q 0 0 0 rg BT 201.01 632.70 Td (oral ) Tj ET Q q 0 0 0 rg BT 217.64 632.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 258.27 632.70 Td (made ) Tj ET Q q 0 0 0 rg BT 280.40 632.70 Td (by ) Tj ET Q q 0 0 0 rg BT 292.04 632.70 Td (us ) Tj ET Q q 0 0 0 rg BT 302.69 632.70 Td (or ) Tj ET Q q 0 0 0 rg BT 312.83 632.70 Td (on ) Tj ET Q q 0 0 0 rg BT 324.47 632.70 Td (our ) Tj ET Q q 0 0 0 rg BT 339.11 632.70 Td (behalf ) Tj ET Q q 0 0 0 rg BT 364.23 632.70 Td (may ) Tj ET Q q 0 0 0 rg BT 382.37 632.70 Td (include ) Tj ET Q q 0 0 0 rg BT 411.50 632.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 473.13 632.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 513.76 632.70 Td (which ) Tj ET Q q 0 0 0 rg BT 538.39 632.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 564.01 632.70 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 621.90 Td (current ) Tj ET Q q 0 0 0 rg BT 64.31 621.90 Td (views ) Tj ET Q q 0 0 0 rg BT 88.14 621.90 Td (with ) Tj ET Q q 0 0 0 rg BT 106.97 621.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 135.28 621.90 Td (to ) Tj ET Q q 0 0 0 rg BT 145.11 621.90 Td (future ) Tj ET Q q 0 0 0 rg BT 169.42 621.90 Td (events ) Tj ET Q q 0 0 0 rg BT 195.24 621.90 Td (and ) Tj ET Q q 0 0 0 rg BT 211.07 621.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.38 621.90 Td (performance. ) Tj ET Q q 0 0 0 rg BT 295.72 621.90 Td (The ) Tj ET Q q 0 0 0 rg BT 312.54 621.90 Td (words ) Tj ET Q q 0 0 0 rg BT 337.37 621.90 Td ("believe," ) Tj ET Q q 0 0 0 rg BT 375.78 621.90 Td ("anticipate," ) Tj ET Q q 0 0 0 rg BT 423.19 621.90 Td ("intend," ) Tj ET Q q 0 0 0 rg BT 458.11 621.90 Td ("estimate," ) Tj ET Q q 0 0 0 rg BT 500.52 621.90 Td ("forecast," ) Tj ET Q q 0 0 0 rg BT 541.43 621.90 Td ("project," ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 611.10 Td ("plan," ) Tj ET Q q 0 0 0 rg BT 63.34 611.10 Td ("potential," ) Tj ET Q q 0 0 0 rg BT 106.68 611.10 Td ("may) Tj ET Q q 0 0 0 rg BT 125.27 611.10 Td (," ) Tj ET Q q 0 0 0 rg BT 133.44 611.10 Td ("should," ) Tj ET Q q 0 0 0 rg BT 169.29 611.10 Td ("expect" ) Tj ET Q q 0 0 0 rg BT 202.37 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.62 611.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 244.86 611.10 Td (expressions ) Tj ET Q q 0 0 0 rg BT 289.11 611.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 319.35 611.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 380.58 611.10 Td (statements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.50 Td (The ) Tj ET Q q 0 0 0 rg BT 52.72 583.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 114.44 583.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 155.16 583.50 Td (in ) Tj ET Q q 0 0 0 rg BT 164.89 583.50 Td (this ) Tj ET Q q 0 0 0 rg BT 180.63 583.50 Td (document ) Tj ET Q q 0 0 0 rg BT 218.85 583.50 Td (are ) Tj ET Q q 0 0 0 rg BT 232.57 583.50 Td (based ) Tj ET Q q 0 0 0 rg BT 255.79 583.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 276.52 583.50 Td (various ) Tj ET Q q 0 0 0 rg BT 305.75 583.50 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 355.23 583.50 Td (many ) Tj ET Q q 0 0 0 rg BT 377.96 583.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.19 583.50 Td (which ) Tj ET Q q 0 0 0 rg BT 412.91 583.50 Td (are ) Tj ET Q q 0 0 0 rg BT 426.63 583.50 Td (based, ) Tj ET Q q 0 0 0 rg BT 452.10 583.50 Td (in ) Tj ET Q q 0 0 0 rg BT 461.84 583.50 Td (turn, ) Tj ET Q q 0 0 0 rg BT 481.32 583.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 502.05 583.50 Td (further ) Tj ET Q q 0 0 0 rg BT 529.26 583.50 Td (assumptions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.70 Td (including, ) Tj ET Q q 0 0 0 rg BT 74.10 572.70 Td (without ) Tj ET Q q 0 0 0 rg BT 103.46 572.70 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 142.57 572.70 Td (management's ) Tj ET Q q 0 0 0 rg BT 195.53 572.70 Td (examination ) Tj ET Q q 0 0 0 rg BT 241.87 572.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.23 572.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 286.58 572.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 322.42 572.70 Td (trends, ) Tj ET Q q 0 0 0 rg BT 348.53 572.70 Td (data ) Tj ET Q q 0 0 0 rg BT 365.37 572.70 Td (contained ) Tj ET Q q 0 0 0 rg BT 402.22 572.70 Td (in ) Tj ET Q q 0 0 0 rg BT 411.07 572.70 Td (our ) Tj ET Q q 0 0 0 rg BT 424.93 572.70 Td (records ) Tj ET Q q 0 0 0 rg BT 453.27 572.70 Td (and ) Tj ET Q q 0 0 0 rg BT 468.13 572.70 Td (other ) Tj ET Q q 0 0 0 rg BT 488.48 572.70 Td (data ) Tj ET Q q 0 0 0 rg BT 505.32 572.70 Td (available ) Tj ET Q q 0 0 0 rg BT 539.66 572.70 Td (from ) Tj ET Q q 0 0 0 rg BT 559.01 572.70 Td (third ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 561.90 Td (parties. ) Tj ET Q q 0 0 0 rg BT 64.88 561.90 Td (Although ) Tj ET Q q 0 0 0 rg BT 102.26 561.90 Td (we ) Tj ET Q q 0 0 0 rg BT 116.14 561.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 145.51 561.90 Td (that ) Tj ET Q q 0 0 0 rg BT 162.39 561.90 Td (these ) Tj ET Q q 0 0 0 rg BT 184.26 561.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 232.15 561.90 Td (were ) Tj ET Q q 0 0 0 rg BT 253.02 561.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 294.88 561.90 Td (when ) Tj ET Q q 0 0 0 rg BT 317.76 561.90 Td (made, ) Tj ET Q q 0 0 0 rg BT 342.88 561.90 Td (because ) Tj ET Q q 0 0 0 rg BT 374.74 561.90 Td (these ) Tj ET Q q 0 0 0 rg BT 396.62 561.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 444.51 561.90 Td (are ) Tj ET Q q 0 0 0 rg BT 458.88 561.90 Td (inherently ) Tj ET Q q 0 0 0 rg BT 498.75 561.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 527.62 561.90 Td (to ) Tj ET Q q 0 0 0 rg BT 538.01 561.90 Td (significant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 84.48 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.98 551.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 151.97 551.10 Td (which ) Tj ET Q q 0 0 0 rg BT 176.47 551.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.96 551.10 Td (dif) Tj ET Q q 0 0 0 rg BT 199.79 551.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 221.29 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.29 551.10 Td (impossible ) Tj ET Q q 0 0 0 rg BT 272.80 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.30 551.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 309.79 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.29 551.10 Td (are ) Tj ET Q q 0 0 0 rg BT 338.78 551.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 367.78 551.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.28 551.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 412.53 551.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.52 551.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 452.02 551.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 477.01 551.10 Td (you ) Tj ET Q q 0 0 0 rg BT 493.02 551.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.02 551.10 Td (we ) Tj ET Q q 0 0 0 rg BT 522.01 551.10 Td (will ) Tj ET Q q 0 0 0 rg BT 538.52 551.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 568.50 551.10 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.30 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 79.24 540.30 Td (these ) Tj ET Q q 0 0 0 rg BT 99.98 540.30 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 149.46 540.30 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 175.70 540.30 Td (or ) Tj ET Q q 0 0 0 rg BT 185.45 540.30 Td (projections.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.50 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 512.70 Td (In ) Tj ET Q q 0 0 0 rg BT 46.11 512.70 Td (addition ) Tj ET Q q 0 0 0 rg BT 78.22 512.70 Td (to ) Tj ET Q q 0 0 0 rg BT 87.83 512.70 Td (these ) Tj ET Q q 0 0 0 rg BT 108.94 512.70 Td (important ) Tj ET Q q 0 0 0 rg BT 146.54 512.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 173.64 512.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.25 512.70 Td (matters ) Tj ET Q q 0 0 0 rg BT 218.35 512.70 Td (discussed ) Tj ET Q q 0 0 0 rg BT 255.46 512.70 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 294.05 512.70 Td (in ) Tj ET Q q 0 0 0 rg BT 303.67 512.70 Td (this ) Tj ET Q q 0 0 0 rg BT 318.71 512.70 Td (Annual ) Tj ET Q q 0 0 0 rg BT 347.81 512.70 Td (Report, ) Tj ET Q q 0 0 0 rg BT 377.17 512.70 Td (and ) Tj ET Q q 0 0 0 rg BT 392.78 512.70 Td (in ) Tj ET Q q 0 0 0 rg BT 402.39 512.70 Td (the ) Tj ET Q q 0 0 0 rg BT 416.00 512.70 Td (documents ) Tj ET Q q 0 0 0 rg BT 457.61 512.70 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 505.70 512.70 Td (by ) Tj ET Q q 0 0 0 rg BT 517.31 512.70 Td (reference ) Tj ET Q q 0 0 0 rg BT 553.39 512.70 Td (in ) Tj ET Q q 0 0 0 rg BT 563.00 512.70 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 501.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 64.36 501.90 Td (Report, ) Tj ET Q q 0 0 0 rg BT 92.97 501.90 Td (important ) Tj ET Q q 0 0 0 rg BT 129.83 501.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 156.18 501.90 Td (that, ) Tj ET Q q 0 0 0 rg BT 173.79 501.90 Td (in ) Tj ET Q q 0 0 0 rg BT 182.65 501.90 Td (our ) Tj ET Q q 0 0 0 rg BT 196.51 501.90 Td (view) Tj ET Q q 0 0 0 rg BT 213.42 501.90 Td (, ) Tj ET Q q 0 0 0 rg BT 217.54 501.90 Td (could ) Tj ET Q q 0 0 0 rg BT 239.40 501.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 261.25 501.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 284.60 501.90 Td (results ) Tj ET Q q 0 0 0 rg BT 309.96 501.90 Td (to ) Tj ET Q q 0 0 0 rg BT 318.82 501.90 Td (dif) Tj ET Q q 0 0 0 rg BT 328.66 501.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 340.51 501.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 378.86 501.90 Td (from ) Tj ET Q q 0 0 0 rg BT 398.22 501.90 Td (those ) Tj ET Q q 0 0 0 rg BT 419.08 501.90 Td (discussed ) Tj ET Q q 0 0 0 rg BT 455.44 501.90 Td (in ) Tj ET Q q 0 0 0 rg BT 464.31 501.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.16 501.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 538.01 501.90 Td (statements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.10 Td (include:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 477.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 477.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 98.73 477.30 Td (related ) Tj ET Q q 0 0 0 rg BT 125.45 477.30 Td (to ) Tj ET Q q 0 0 0 rg BT 134.70 477.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.93 477.30 Td (of) Tj ET Q q 0 0 0 rg BT 155.27 477.30 Td (fshore ) Tj ET Q q 0 0 0 rg BT 180.00 477.30 Td (drilling ) Tj ET Q q 0 0 0 rg BT 208.74 477.30 Td (market, ) Tj ET Q q 0 0 0 rg BT 238.22 477.30 Td (including ) Tj ET Q q 0 0 0 rg BT 274.46 477.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 305.69 477.30 Td (in ) Tj ET Q q 0 0 0 rg BT 314.93 477.30 Td (oil ) Tj ET Q q 0 0 0 rg BT 326.67 477.30 Td (and ) Tj ET Q q 0 0 0 rg BT 341.91 477.30 Td (gas ) Tj ET Q q 0 0 0 rg BT 356.15 477.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 379.88 477.30 Td (and ) Tj ET Q q 0 0 0 rg BT 395.12 477.30 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 477.30 Td (state ) Tj ET Q q 0 0 0 rg BT 427.09 477.30 Td (of ) Tj ET Q q 0 0 0 rg BT 436.83 477.30 Td (the ) Tj ET Q q 0 0 0 rg BT 450.07 477.30 Td (global ) Tj ET Q q 0 0 0 rg BT 474.80 477.30 Td (economy ) Tj ET Q q 0 0 0 rg BT 510.04 477.30 Td (on ) Tj ET Q q 0 0 0 rg BT 521.28 477.30 Td (market ) Tj ET Q q 0 0 0 rg BT 548.51 477.30 Td (outlook ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 466.50 Td (for ) Tj ET Q q 0 0 0 rg BT 84.74 466.50 Td (our ) Tj ET Q q 0 0 0 rg BT 98.99 466.50 Td (various ) Tj ET Q q 0 0 0 rg BT 127.74 466.50 Td (geographical ) Tj ET Q q 0 0 0 rg BT 176.46 466.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 212.70 466.50 Td (sectors ) Tj ET Q q 0 0 0 rg BT 239.94 466.50 Td (and ) Tj ET Q q 0 0 0 rg BT 255.19 466.50 Td (classes ) Tj ET Q q 0 0 0 rg BT 282.43 466.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.17 466.50 Td (rigs; ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 452.70 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 452.70 Td (supply ) Tj ET Q q 0 0 0 rg BT 98.25 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.50 452.70 Td (demand ) Tj ET Q q 0 0 0 rg BT 144.24 452.70 Td (for ) Tj ET Q q 0 0 0 rg BT 156.98 452.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 185.73 452.70 Td (units ) Tj ET Q q 0 0 0 rg BT 205.48 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 220.73 452.70 Td (competitive ) Tj ET Q q 0 0 0 rg BT 265.46 452.70 Td (pressure ) Tj ET Q q 0 0 0 rg BT 297.70 452.70 Td (on ) Tj ET Q q 0 0 0 rg BT 308.95 452.70 Td (utilization ) Tj ET Q q 0 0 0 rg BT 347.70 452.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 366.93 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 382.18 452.70 Td (dayrates;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 438.90 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 438.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 106.85 438.90 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 143.45 438.90 Td (including ) Tj ET Q q 0 0 0 rg BT 179.30 438.90 Td (contract ) Tj ET Q q 0 0 0 rg BT 210.15 438.90 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 242.75 438.90 Td (contract ) Tj ET Q q 0 0 0 rg BT 273.59 438.90 Td (commencements, ) Tj ET Q q 0 0 0 rg BT 338.18 438.90 Td (contract ) Tj ET Q q 0 0 0 rg BT 369.02 438.90 Td (terminations, ) Tj ET Q q 0 0 0 rg BT 418.13 438.90 Td (contract ) Tj ET Q q 0 0 0 rg BT 448.97 438.90 Td (option ) Tj ET Q q 0 0 0 rg BT 473.83 438.90 Td (exercises, ) Tj ET Q q 0 0 0 rg BT 510.92 438.90 Td (contract ) Tj ET Q q 0 0 0 rg BT 541.77 438.90 Td (revenues, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 428.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 103.23 428.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 130.97 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.21 428.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 158.46 428.10 Td (mobilizations; ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 414.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 414.30 Td (repudiation, ) Tj ET Q q 0 0 0 rg BT 130.73 414.30 Td (nullification, ) Tj ET Q q 0 0 0 rg BT 179.22 414.30 Td (modification ) Tj ET Q q 0 0 0 rg BT 227.46 414.30 Td (or ) Tj ET Q q 0 0 0 rg BT 237.21 414.30 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 286.94 414.30 Td (of ) Tj ET Q q 0 0 0 rg BT 296.69 414.30 Td (contracts; ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 400.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 400.50 Td (delays ) Tj ET Q q 0 0 0 rg BT 97.24 400.50 Td (in ) Tj ET Q q 0 0 0 rg BT 106.49 400.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 143.24 400.50 Td (by) Tj ET Q q 0 0 0 rg BT 151.65 400.50 Td (, ) Tj ET Q q 0 0 0 rg BT 156.15 400.50 Td (or ) Tj ET Q q 0 0 0 rg BT 165.90 400.50 Td (disputes ) Tj ET Q q 0 0 0 rg BT 197.65 400.50 Td (with ) Tj ET Q q 0 0 0 rg BT 215.90 400.50 Td (our ) Tj ET Q q 0 0 0 rg BT 230.15 400.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 268.89 400.50 Td (under ) Tj ET Q q 0 0 0 rg BT 291.63 400.50 Td (our ) Tj ET Q q 0 0 0 rg BT 305.88 400.50 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.63 400.50 Td (contracts;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 386.70 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 386.70 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 117.56 386.70 Td (in ) Tj ET Q q 0 0 0 rg BT 127.63 386.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.70 386.70 Td (market ) Tj ET Q q 0 0 0 rg BT 169.76 386.70 Td (value ) Tj ET Q q 0 0 0 rg BT 192.32 386.70 Td (of ) Tj ET Q q 0 0 0 rg BT 202.89 386.70 Td (our ) Tj ET Q q 0 0 0 rg BT 217.96 386.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 247.53 386.70 Td (units ) Tj ET Q q 0 0 0 rg BT 268.11 386.70 Td (and ) Tj ET Q q 0 0 0 rg BT 284.17 386.70 Td (the ) Tj ET Q q 0 0 0 rg BT 298.24 386.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.31 386.70 Td (of ) Tj ET Q q 0 0 0 rg BT 338.88 386.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 357.44 386.70 Td (we ) Tj ET Q q 0 0 0 rg BT 371.01 386.70 Td (can ) Tj ET Q q 0 0 0 rg BT 386.57 386.70 Td (incur ) Tj ET Q q 0 0 0 rg BT 408.13 386.70 Td (under ) Tj ET Q q 0 0 0 rg BT 431.70 386.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 459.25 386.70 Td (covenants ) Tj ET Q q 0 0 0 rg BT 498.31 386.70 Td (in ) Tj ET Q q 0 0 0 rg BT 508.38 386.70 Td (our ) Tj ET Q q 0 0 0 rg BT 523.45 386.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 542.02 386.70 Td (financing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 375.90 Td (agreements;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 362.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 362.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 118.00 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.24 362.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 169.47 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.22 362.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 197.46 362.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 216.21 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.95 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.20 362.10 Td (obligations;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 348.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 348.30 Td (our ) Tj ET Q q 0 0 0 rg BT 86.25 348.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 111.49 348.30 Td (to ) Tj ET Q q 0 0 0 rg BT 120.74 348.30 Td (successfully ) Tj ET Q q 0 0 0 rg BT 166.98 348.30 Td (employ ) Tj ET Q q 0 0 0 rg BT 196.23 348.30 Td (our ) Tj ET Q q 0 0 0 rg BT 210.48 348.30 Td (drilling ) Tj ET Q q 0 0 0 rg BT 239.23 348.30 Td (units ) Tj ET Q q 0 0 0 rg BT 258.98 348.30 Td (;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 334.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 334.50 Td (our ) Tj ET Q q 0 0 0 rg BT 86.25 334.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 111.49 334.50 Td (to ) Tj ET Q q 0 0 0 rg BT 120.74 334.50 Td (procure ) Tj ET Q q 0 0 0 rg BT 150.48 334.50 Td (or ) Tj ET Q q 0 0 0 rg BT 160.22 334.50 Td (have ) Tj ET Q q 0 0 0 rg BT 179.46 334.50 Td (access ) Tj ET Q q 0 0 0 rg BT 204.70 334.50 Td (to ) Tj ET Q q 0 0 0 rg BT 213.95 334.50 Td (financing;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 320.70 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 320.70 Td (our ) Tj ET Q q 0 0 0 rg BT 86.25 320.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 120.48 320.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 138.22 320.70 Td (levels;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 306.90 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 306.90 Td (our ) Tj ET Q q 0 0 0 rg BT 86.25 306.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 111.49 306.90 Td (to ) Tj ET Q q 0 0 0 rg BT 120.74 306.90 Td (comply ) Tj ET Q q 0 0 0 rg BT 149.99 306.90 Td (with ) Tj ET Q q 0 0 0 rg BT 168.24 306.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.97 306.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 233.21 306.90 Td (in ) Tj ET Q q 0 0 0 rg BT 242.46 306.90 Td (our ) Tj ET Q q 0 0 0 rg BT 256.71 306.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 274.45 306.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 310.69 306.90 Td (agreements;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 293.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 94.74 293.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 113.99 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.74 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.98 293.10 Td (key ) Tj ET Q q 0 0 0 rg BT 153.23 293.10 Td (customers;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 279.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 279.30 Td (political ) Tj ET Q q 0 0 0 rg BT 104.45 279.30 Td (and ) Tj ET Q q 0 0 0 rg BT 120.40 279.30 Td (other ) Tj ET Q q 0 0 0 rg BT 141.85 279.30 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 193.04 279.30 Td (including ) Tj ET Q q 0 0 0 rg BT 229.99 279.30 Td (political ) Tj ET Q q 0 0 0 rg BT 262.44 279.30 Td (unrest, ) Tj ET Q q 0 0 0 rg BT 289.64 279.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 309.60 279.30 Td (of ) Tj ET Q q 0 0 0 rg BT 320.06 279.30 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 351.51 279.30 Td (acts, ) Tj ET Q q 0 0 0 rg BT 370.71 279.30 Td (war ) Tj ET Q q 0 0 0 rg BT 387.15 279.30 Td (and ) Tj ET Q q 0 0 0 rg BT 403.11 279.30 Td (civil ) Tj ET Q q 0 0 0 rg BT 422.06 279.30 Td (disturbances, ) Tj ET Q q 0 0 0 rg BT 472.25 279.30 Td (public ) Tj ET Q q 0 0 0 rg BT 497.71 279.30 Td (health ) Tj ET Q q 0 0 0 rg BT 522.65 279.30 Td (threats, ) Tj ET Q q 0 0 0 rg BT 551.85 279.30 Td (piracy) Tj ET Q q 0 0 0 rg BT 573.75 279.30 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 268.50 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 113.03 268.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 152.31 268.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 203.08 268.50 Td (influence ) Tj ET Q q 0 0 0 rg BT 237.85 268.50 Td (over ) Tj ET Q q 0 0 0 rg BT 255.14 268.50 Td (many ) Tj ET Q q 0 0 0 rg BT 276.42 268.50 Td (aspects ) Tj ET Q q 0 0 0 rg BT 303.70 268.50 Td (of ) Tj ET Q q 0 0 0 rg BT 312.49 268.50 Td (local ) Tj ET Q q 0 0 0 rg BT 331.27 268.50 Td (economies, ) Tj ET Q q 0 0 0 rg BT 373.30 268.50 Td (or ) Tj ET Q q 0 0 0 rg BT 382.08 268.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.37 268.50 Td (seizure, ) Tj ET Q q 0 0 0 rg BT 423.39 268.50 Td (nationalization ) Tj ET Q q 0 0 0 rg BT 478.16 268.50 Td (or ) Tj ET Q q 0 0 0 rg BT 486.95 268.50 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 536.73 268.50 Td (of ) Tj ET Q q 0 0 0 rg BT 545.51 268.50 Td (property ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 257.70 Td (or ) Tj ET Q q 0 0 0 rg BT 81.75 257.70 Td (equipment; ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 243.90 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 243.90 Td (concentration ) Tj ET Q q 0 0 0 rg BT 136.47 243.90 Td (of ) Tj ET Q q 0 0 0 rg BT 146.22 243.90 Td (our ) Tj ET Q q 0 0 0 rg BT 160.47 243.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 194.70 243.90 Td (in ) Tj ET Q q 0 0 0 rg BT 203.95 243.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.68 243.90 Td (jurisdictions;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 230.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 230.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 112.75 230.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.00 230.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 160.73 230.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 197.71 230.10 Td (such ) Tj ET Q q 0 0 0 rg BT 216.46 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.20 230.10 Td (war ) Tj ET Q q 0 0 0 rg BT 241.95 230.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 257.70 230.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 294.67 230.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.92 230.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 330.65 230.10 Td (areas;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 216.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 216.30 Td (our ) Tj ET Q q 0 0 0 rg BT 86.25 216.30 Td (inability ) Tj ET Q q 0 0 0 rg BT 118.49 216.30 Td (to ) Tj ET Q q 0 0 0 rg BT 127.74 216.30 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 163.97 216.30 Td (income ) Tj ET Q q 0 0 0 rg BT 192.71 216.30 Td (or ) Tj ET Q q 0 0 0 rg BT 202.46 216.30 Td (capital;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 202.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 202.50 Td (the ) Tj ET Q q 0 0 0 rg BT 85.84 202.50 Td (operation ) Tj ET Q q 0 0 0 rg BT 122.68 202.50 Td (and ) Tj ET Q q 0 0 0 rg BT 138.52 202.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 186.84 202.50 Td (of ) Tj ET Q q 0 0 0 rg BT 197.18 202.50 Td (our ) Tj ET Q q 0 0 0 rg BT 212.03 202.50 Td (drilling ) Tj ET Q q 0 0 0 rg BT 241.37 202.50 Td (units, ) Tj ET Q q 0 0 0 rg BT 263.97 202.50 Td (including ) Tj ET Q q 0 0 0 rg BT 300.81 202.50 Td (complications ) Tj ET Q q 0 0 0 rg BT 354.15 202.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 393.98 202.50 Td (with ) Tj ET Q q 0 0 0 rg BT 412.83 202.50 Td (repairing ) Tj ET Q q 0 0 0 rg BT 448.16 202.50 Td (and ) Tj ET Q q 0 0 0 rg BT 464.00 202.50 Td (replacing ) Tj ET Q q 0 0 0 rg BT 500.33 202.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 541.17 202.50 Td (in ) Tj ET Q q 0 0 0 rg BT 551.01 202.50 Td (remote ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 191.70 Td (locations ) Tj ET Q q 0 0 0 rg BT 106.74 191.70 Td (and ) Tj ET Q q 0 0 0 rg BT 121.99 191.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 169.71 191.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.96 191.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 222.20 191.70 Td (while ) Tj ET Q q 0 0 0 rg BT 244.44 191.70 Td (idle;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 177.90 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 177.90 Td (newbuildings, ) Tj ET Q q 0 0 0 rg BT 125.00 177.90 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 161.99 177.90 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 195.23 177.90 Td (and ) Tj ET Q q 0 0 0 rg BT 210.48 177.90 Td (other ) Tj ET Q q 0 0 0 rg BT 231.22 177.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 257.45 177.90 Td (projects, ) Tj ET Q q 0 0 0 rg BT 290.44 177.90 Td (including ) Tj ET Q q 0 0 0 rg BT 326.69 177.90 Td (the ) Tj ET Q q 0 0 0 rg BT 339.93 177.90 Td (completion, ) Tj ET Q q 0 0 0 rg BT 384.93 177.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 416.66 177.90 Td (and ) Tj ET Q q 0 0 0 rg BT 431.91 177.90 Td (commencement ) Tj ET Q q 0 0 0 rg BT 491.13 177.90 Td (of ) Tj ET Q q 0 0 0 rg BT 500.88 177.90 Td (operation ) Tj ET Q q 0 0 0 rg BT 537.12 177.90 Td (dates;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 164.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 164.10 Td (import-export ) Tj ET Q q 0 0 0 rg BT 124.24 164.10 Td (quotas;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 150.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 150.30 Td (wage ) Tj ET Q q 0 0 0 rg BT 93.24 150.30 Td (and ) Tj ET Q q 0 0 0 rg BT 108.48 150.30 Td (price ) Tj ET Q q 0 0 0 rg BT 128.72 150.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 159.97 150.30 Td (and ) Tj ET Q q 0 0 0 rg BT 175.21 150.30 Td (the ) Tj ET Q q 0 0 0 rg BT 188.46 150.30 Td (imposition ) Tj ET Q q 0 0 0 rg BT 229.21 150.30 Td (of ) Tj ET Q q 0 0 0 rg BT 238.96 150.30 Td (trade ) Tj ET Q q 0 0 0 rg BT 259.19 150.30 Td (barriers;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 136.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 136.50 Td (recruitment ) Tj ET Q q 0 0 0 rg BT 115.73 136.50 Td (and ) Tj ET Q q 0 0 0 rg BT 130.97 136.50 Td (retention ) Tj ET Q q 0 0 0 rg BT 165.21 136.50 Td (of ) Tj ET Q q 0 0 0 rg BT 174.96 136.50 Td (personnel;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 122.70 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 122.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 110.97 122.70 Td (or ) Tj ET Q q 0 0 0 rg BT 120.45 122.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.91 122.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 202.88 122.70 Td (to ) Tj ET Q q 0 0 0 rg BT 211.86 122.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 240.84 122.70 Td (with ) Tj ET Q q 0 0 0 rg BT 258.82 122.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 286.79 122.70 Td (bureaucratic ) Tj ET Q q 0 0 0 rg BT 333.25 122.70 Td (actions, ) Tj ET Q q 0 0 0 rg BT 362.97 122.70 Td (including ) Tj ET Q q 0 0 0 rg BT 398.95 122.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 432.42 122.70 Td (limitations ) Tj ET Q q 0 0 0 rg BT 472.91 122.70 Td (on ) Tj ET Q q 0 0 0 rg BT 483.89 122.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 512.37 122.70 Td (activity) Tj ET Q q 0 0 0 rg BT 538.78 122.70 Td (, ) Tj ET Q q 0 0 0 rg BT 543.01 122.70 Td (changing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 111.90 Td (taxation ) Tj ET Q q 0 0 0 rg BT 103.24 111.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 133.48 111.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.73 111.90 Td (other ) Tj ET Q q 0 0 0 rg BT 169.47 111.90 Td (forms ) Tj ET Q q 0 0 0 rg BT 192.72 111.90 Td (of ) Tj ET Q q 0 0 0 rg BT 202.46 111.90 Td (government ) Tj ET Q q 0 0 0 rg BT 247.70 111.90 Td (regulation ) Tj ET Q q 0 0 0 rg BT 286.44 111.90 Td (and ) Tj ET Q q 0 0 0 rg BT 301.68 111.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 338.92 111.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 378.67 111.90 Td (that ) Tj ET Q q 0 0 0 rg BT 394.41 111.90 Td (are ) Tj ET Q q 0 0 0 rg BT 407.65 111.90 Td (beyond ) Tj ET Q q 0 0 0 rg BT 436.39 111.90 Td (our ) Tj ET Q q 0 0 0 rg BT 450.64 111.90 Td (control;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 98.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.78 98.10 Td (level ) Tj ET Q q 0 0 0 rg BT 104.05 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.33 98.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 147.09 98.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 172.86 98.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 222.88 98.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.66 98.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 270.42 98.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 306.19 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.47 98.10 Td (such ) Tj ET Q q 0 0 0 rg BT 333.75 98.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 359.52 98.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 407.29 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.07 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.85 98.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 460.13 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.91 98.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 491.19 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.47 98.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 542.74 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.02 98.10 Td (capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 87.30 Td (projects;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 73.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 73.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 116.74 73.50 Td (in ) Tj ET Q q 0 0 0 rg BT 125.99 73.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 154.73 73.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 173.97 73.50 Td (or ) Tj ET Q q 0 0 0 rg BT 183.72 73.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 219.95 73.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 239.19 73.50 Td (and ) Tj ET Q q 0 0 0 rg BT 254.43 73.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 288.16 73.50 Td (devaluations ) Tj ET Q q 0 0 0 rg BT 335.90 73.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 365.63 73.50 Td (to ) Tj ET Q q 0 0 0 rg BT 374.88 73.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 403.12 73.50 Td (or ) Tj ET Q q 0 0 0 rg BT 412.87 73.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 431.13 73.50 Td (monetary ) Tj ET Q q 0 0 0 rg BT 467.36 73.50 Td (policy;) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 25.30 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 736.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 736.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 85.53 736.00 Td (matters, ) Tj ET Q q 0 0 0 rg BT 116.80 736.00 Td ( ) Tj ET Q q 0 0 0 rg BT 119.33 736.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.84 736.00 Td (in ) Tj ET Q q 0 0 0 rg BT 160.37 736.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.90 736.00 Td (laws, ) Tj ET Q q 0 0 0 rg BT 195.18 736.00 Td (treaties ) Tj ET Q q 0 0 0 rg BT 223.69 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 239.22 736.00 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 283.99 736.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 297.51 736.00 Td (assessments ) Tj ET Q q 0 0 0 rg BT 343.54 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 359.06 736.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 395.09 736.00 Td (for ) Tj ET Q q 0 0 0 rg BT 408.11 736.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 421.64 736.00 Td (issues, ) Tj ET Q q 0 0 0 rg BT 447.92 736.00 Td (including ) Tj ET Q q 0 0 0 rg BT 484.45 736.00 Td (those ) Tj ET Q q 0 0 0 rg BT 505.98 736.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 545.49 736.00 Td (with ) Tj ET Q q 0 0 0 rg BT 564.02 736.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 725.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 106.74 725.20 Td (in ) Tj ET Q q 0 0 0 rg BT 115.99 725.20 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 153.48 725.20 Td (Norway) Tj ET Q q 0 0 0 rg BT 181.89 725.20 Td (, ) Tj ET Q q 0 0 0 rg BT 186.39 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 199.63 725.20 Td (United ) Tj ET Q q 0 0 0 rg BT 226.38 725.20 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 262.63 725.20 Td (and ) Tj ET Q q 0 0 0 rg BT 277.87 725.20 Td (Russia;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 711.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 711.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 91.62 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 106.74 711.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 145.85 711.40 Td (matters, ) Tj ET Q q 0 0 0 rg BT 176.71 711.40 Td (including ) Tj ET Q q 0 0 0 rg BT 212.84 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 225.96 711.40 Td (results ) Tj ET Q q 0 0 0 rg BT 251.58 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 266.70 711.40 Td (ef) Tj ET Q q 0 0 0 rg BT 273.53 711.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 292.65 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 302.27 711.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 321.88 711.40 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 369.74 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 384.86 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 397.99 711.40 Td (outcome ) Tj ET Q q 0 0 0 rg BT 431.10 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 446.22 711.40 Td (ef) Tj ET Q q 0 0 0 rg BT 453.05 711.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 472.17 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 481.79 711.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 511.40 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 526.52 711.40 Td (governmental ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 700.60 Td (investigations;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 686.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 686.80 Td (hazards ) Tj ET Q q 0 0 0 rg BT 102.43 686.80 Td (inherent ) Tj ET Q q 0 0 0 rg BT 134.87 686.80 Td (in ) Tj ET Q q 0 0 0 rg BT 144.81 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.76 686.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 188.20 686.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 220.65 686.80 Td (and ) Tj ET Q q 0 0 0 rg BT 236.59 686.80 Td (marine ) Tj ET Q q 0 0 0 rg BT 264.53 686.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 304.97 686.80 Td (causing ) Tj ET Q q 0 0 0 rg BT 335.41 686.80 Td (personal ) Tj ET Q q 0 0 0 rg BT 368.84 686.80 Td (injury ) Tj ET Q q 0 0 0 rg BT 393.29 686.80 Td (or ) Tj ET Q q 0 0 0 rg BT 403.73 686.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 420.69 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 431.13 686.80 Td (life, ) Tj ET Q q 0 0 0 rg BT 448.32 686.80 Td (severe ) Tj ET Q q 0 0 0 rg BT 474.25 686.80 Td (damage ) Tj ET Q q 0 0 0 rg BT 505.19 686.80 Td (to ) Tj ET Q q 0 0 0 rg BT 515.13 686.80 Td (or ) Tj ET Q q 0 0 0 rg BT 525.58 686.80 Td (destruction ) Tj ET Q q 0 0 0 rg BT 568.52 686.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 676.00 Td (property ) Tj ET Q q 0 0 0 rg BT 104.74 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 119.98 676.00 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 162.47 676.00 Td (pollution ) Tj ET Q q 0 0 0 rg BT 197.23 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 206.97 676.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 261.21 676.00 Td (damage, ) Tj ET Q q 0 0 0 rg BT 293.69 676.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 319.43 676.00 Td (by ) Tj ET Q q 0 0 0 rg BT 330.68 676.00 Td (third ) Tj ET Q q 0 0 0 rg BT 349.93 676.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 376.17 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 385.92 676.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 424.66 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 439.91 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.15 676.00 Td (suspension ) Tj ET Q q 0 0 0 rg BT 494.90 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 504.65 676.00 Td (operations;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 662.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 662.20 Td (customs ) Tj ET Q q 0 0 0 rg BT 103.75 662.20 Td (and ) Tj ET Q q 0 0 0 rg BT 119.00 662.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 173.23 662.20 Td (matters; ) Tj ET Q q 0 0 0 rg BT 204.47 662.20 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 648.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 648.40 Td (other ) Tj ET Q q 0 0 0 rg BT 92.80 648.40 Td (important ) Tj ET Q q 0 0 0 rg BT 130.11 648.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 156.91 648.40 Td (described ) Tj ET Q q 0 0 0 rg BT 193.71 648.40 Td (from ) Tj ET Q q 0 0 0 rg BT 213.51 648.40 Td (time ) Tj ET Q q 0 0 0 rg BT 231.82 648.40 Td (to ) Tj ET Q q 0 0 0 rg BT 241.13 648.40 Td (time ) Tj ET Q q 0 0 0 rg BT 259.44 648.40 Td (in ) Tj ET Q q 0 0 0 rg BT 268.76 648.40 Td (the ) Tj ET Q q 0 0 0 rg BT 282.06 648.40 Td (reports ) Tj ET Q q 0 0 0 rg BT 309.37 648.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 328.17 648.40 Td (or ) Tj ET Q q 0 0 0 rg BT 337.98 648.40 Td (furnished ) Tj ET Q q 0 0 0 rg BT 374.29 648.40 Td (by ) Tj ET Q q 0 0 0 rg BT 385.60 648.40 Td (us ) Tj ET Q q 0 0 0 rg BT 395.91 648.40 Td (with ) Tj ET Q q 0 0 0 rg BT 414.23 648.40 Td (the ) Tj ET Q q 0 0 0 rg BT 427.54 648.40 Td (Securities ) Tj ET Q q 0 0 0 rg BT 465.34 648.40 Td (and ) Tj ET Q q 0 0 0 rg BT 480.65 648.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 518.44 648.40 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 568.51 648.40 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 637.60 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 135.25 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.50 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.74 637.60 Td (New ) Tj ET Q q 0 0 0 rg BT 182.65 637.60 Td (Y) Tj ET Q q 0 0 0 rg BT 188.25 637.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 202.50 637.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 225.25 637.60 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 265.23 637.60 Td (or ) Tj ET Q q 0 0 0 rg BT 274.98 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.22 637.60 Td (NYSE. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 610.00 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 610.00 Td (e ) Tj ET Q q 0 0 0 rg BT 50.65 610.00 Td (caution ) Tj ET Q q 0 0 0 rg BT 80.02 610.00 Td (readers ) Tj ET Q q 0 0 0 rg BT 108.89 610.00 Td (of ) Tj ET Q q 0 0 0 rg BT 119.27 610.00 Td (this ) Tj ET Q q 0 0 0 rg BT 134.52 610.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 163.90 610.00 Td (Report ) Tj ET Q q 0 0 0 rg BT 191.27 610.00 Td (not ) Tj ET Q q 0 0 0 rg BT 205.66 610.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.54 610.00 Td (place ) Tj ET Q q 0 0 0 rg BT 237.41 610.00 Td (undue ) Tj ET Q q 0 0 0 rg BT 262.28 610.00 Td (reliance ) Tj ET Q q 0 0 0 rg BT 293.64 610.00 Td (on ) Tj ET Q q 0 0 0 rg BT 305.53 610.00 Td (these ) Tj ET Q q 0 0 0 rg BT 326.90 610.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 388.77 610.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 431.89 610.00 Td (which ) Tj ET Q q 0 0 0 rg BT 456.77 610.00 Td (speak ) Tj ET Q q 0 0 0 rg BT 480.14 610.00 Td (only ) Tj ET Q q 0 0 0 rg BT 499.03 610.00 Td (as ) Tj ET Q q 0 0 0 rg BT 509.41 610.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.79 610.00 Td (their ) Tj ET Q q 0 0 0 rg BT 539.16 610.00 Td (dates.) Tj ET Q q 0 0 0 rg BT 564.24 610.00 Td (W) Tj ET Q q 0 0 0 rg BT 572.02 610.00 Td (e ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 599.20 Td (undertake ) Tj ET Q q 0 0 0 rg BT 73.40 599.20 Td (no ) Tj ET Q q 0 0 0 rg BT 84.31 599.20 Td (obligation ) Tj ET Q q 0 0 0 rg BT 122.72 599.20 Td (to ) Tj ET Q q 0 0 0 rg BT 131.63 599.20 Td (update ) Tj ET Q q 0 0 0 rg BT 157.54 599.20 Td (any ) Tj ET Q q 0 0 0 rg BT 172.45 599.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 233.34 599.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 269.75 599.20 Td (or ) Tj ET Q q 0 0 0 rg BT 279.16 599.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 319.06 599.20 Td (to ) Tj ET Q q 0 0 0 rg BT 327.98 599.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 352.87 599.20 Td (events ) Tj ET Q q 0 0 0 rg BT 377.78 599.20 Td (or ) Tj ET Q q 0 0 0 rg BT 387.19 599.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 440.08 599.20 Td (after ) Tj ET Q q 0 0 0 rg BT 458.48 599.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.39 599.20 Td (date ) Tj ET Q q 0 0 0 rg BT 488.29 599.20 Td (on ) Tj ET Q q 0 0 0 rg BT 499.20 599.20 Td (which ) Tj ET Q q 0 0 0 rg BT 523.11 599.20 Td (such ) Tj ET Q q 0 0 0 rg BT 541.52 599.20 Td (statement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 588.40 Td (is ) Tj ET Q q 0 0 0 rg BT 44.44 588.40 Td (made ) Tj ET Q q 0 0 0 rg BT 66.38 588.40 Td (or ) Tj ET Q q 0 0 0 rg BT 76.31 588.40 Td (to ) Tj ET Q q 0 0 0 rg BT 85.76 588.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 111.18 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 124.61 588.40 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 166.52 588.40 Td (of ) Tj ET Q q 0 0 0 rg BT 176.46 588.40 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 227.38 588.40 Td (events. ) Tj ET Q q 0 0 0 rg BT 255.07 588.40 Td (New ) Tj ET Q q 0 0 0 rg BT 274.50 588.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 301.43 588.40 Td (emer) Tj ET Q q 0 0 0 rg BT 319.25 588.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 330.19 588.40 Td (from ) Tj ET Q q 0 0 0 rg BT 350.12 588.40 Td (time ) Tj ET Q q 0 0 0 rg BT 368.56 588.40 Td (to ) Tj ET Q q 0 0 0 rg BT 378.00 588.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 398.69 588.40 Td (and ) Tj ET Q q 0 0 0 rg BT 414.13 588.40 Td (it ) Tj ET Q q 0 0 0 rg BT 421.57 588.40 Td (is ) Tj ET Q q 0 0 0 rg BT 430.01 588.40 Td (not ) Tj ET Q q 0 0 0 rg BT 443.96 588.40 Td (possible ) Tj ET Q q 0 0 0 rg BT 475.90 588.40 Td (for ) Tj ET Q q 0 0 0 rg BT 488.83 588.40 Td (us ) Tj ET Q q 0 0 0 rg BT 499.28 588.40 Td (to ) Tj ET Q q 0 0 0 rg BT 508.72 588.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 536.15 588.40 Td (all ) Tj ET Q q 0 0 0 rg BT 547.58 588.40 Td (of ) Tj ET Q q 0 0 0 rg BT 557.52 588.40 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 577.60 Td (factors. ) Tj ET Q q 0 0 0 rg BT 64.75 577.60 Td (Further) Tj ET Q q 0 0 0 rg BT 90.89 577.60 Td (, ) Tj ET Q q 0 0 0 rg BT 95.15 577.60 Td (we ) Tj ET Q q 0 0 0 rg BT 107.66 577.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 133.67 577.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 157.68 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.70 577.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 197.20 577.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.72 577.60 Td (each ) Tj ET Q q 0 0 0 rg BT 225.22 577.60 Td (such ) Tj ET Q q 0 0 0 rg BT 243.73 577.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 266.73 577.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.74 577.60 Td (our ) Tj ET Q q 0 0 0 rg BT 291.76 577.60 Td (business ) Tj ET Q q 0 0 0 rg BT 324.28 577.60 Td (or ) Tj ET Q q 0 0 0 rg BT 333.79 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 346.80 577.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 370.81 577.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.82 577.60 Td (which ) Tj ET Q q 0 0 0 rg BT 403.83 577.60 Td (any ) Tj ET Q q 0 0 0 rg BT 418.85 577.60 Td (factor) Tj ET Q q 0 0 0 rg BT 439.47 577.60 Td (, ) Tj ET Q q 0 0 0 rg BT 443.73 577.60 Td (or ) Tj ET Q q 0 0 0 rg BT 453.25 577.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 500.26 577.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.77 577.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 538.52 577.60 Td (may ) Tj ET Q q 0 0 0 rg BT 556.03 577.60 Td (cause ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 566.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 59.73 566.80 Td (results ) Tj ET Q q 0 0 0 rg BT 85.48 566.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.73 566.80 Td (be ) Tj ET Q q 0 0 0 rg BT 105.48 566.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 144.21 566.80 Td (dif) Tj ET Q q 0 0 0 rg BT 154.05 566.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 177.28 566.80 Td (from ) Tj ET Q q 0 0 0 rg BT 197.02 566.80 Td (those ) Tj ET Q q 0 0 0 rg BT 218.27 566.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 255.51 566.80 Td (in ) Tj ET Q q 0 0 0 rg BT 264.76 566.80 Td (any ) Tj ET Q q 0 0 0 rg BT 280.00 566.80 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 341.24 566.80 Td (statement.) Tj ET Q endstream endobj 11 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 25.30 Td (5) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 241.95 747.90 Td (T) Tj ET Q q 0 0 0 rg BT 249.06 747.90 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 300.96 747.90 Td ( CONTENTS) Tj ET Q 1 1 1 rg /GS0 gs 35.50 737.40 509.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 722.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 707.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 692.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 677.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 662.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 647.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 632.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 617.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 602.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 587.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 572.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 557.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 542.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 527.40 509.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 512.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 497.40 411.00 -24.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 473.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 458.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 443.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 428.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 413.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 398.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 383.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 368.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 353.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 338.40 509.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 323.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 308.40 411.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 133.50 293.40 411.00 -15.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 728.80 Td (PART I) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.50 728.66 Td (..................................................................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 713.66 Td (ITEM 1.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 713.66 Td (IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 713.66 Td (........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 698.66 Td (ITEM 2.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 698.66 Td (OFFER STATISTICS AND EXPECTED TIMETABLE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.50 698.66 Td (..........................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 683.66 Td (ITEM 3.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 683.66 Td (KEY INFORMATION) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.25 683.66 Td (...............................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 668.66 Td (ITEM 4.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 668.66 Td (INFORMATION ON THE COMPANY) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.00 668.66 Td (....................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 653.66 Td (ITEM 4A.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 653.66 Td (UNRESOLVED STAFF COMMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 653.66 Td (.....................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 638.66 Td (ITEM 5.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 638.66 Td (OPERATING AND FINANCIAL REVIEW AND PROSPECTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 638.66 Td (............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 623.66 Td (ITEM 6.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 623.66 Td (DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.75 623.66 Td (.............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 608.66 Td (ITEM 7.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 608.66 Td (MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.00 608.66 Td (............................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 593.66 Td (ITEM 8.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 593.66 Td (FINANCIAL INFORMATION) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.50 593.66 Td (..................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 578.66 Td (ITEM 9.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 578.66 Td (OFFER AND THE LISTING) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 578.66 Td (....................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 563.66 Td (ITEM 10.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 563.66 Td (ADDITIONAL INFORMATION) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.50 563.66 Td (..............................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 548.66 Td (ITEM 11.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 548.66 Td (QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 548.66 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 533.66 Td (ITEM 12.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 533.66 Td (DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.50 533.66 Td (..........................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 518.80 Td (PART II) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.75 518.66 Td (.................................................................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 503.66 Td (ITEM 13.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 503.66 Td (DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 503.66 Td (.....................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 488.66 Td (ITEM 14.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 488.66 Td (MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 479.66 Td (PROCEEDS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.25 479.66 Td (...............................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 464.66 Td (ITEM 15.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 464.66 Td (CONTROLS AND PROCEDURES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.50 464.66 Td (..........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 449.66 Td (ITEM 16A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 449.66 Td (AUDIT COMMITTEE FINANCIAL EXPERT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 449.66 Td (........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 434.66 Td (ITEM 16B.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 434.66 Td (CODE OF ETHICS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.25 434.66 Td (...................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 419.66 Td (ITEM 16C) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 419.66 Td (PRINCIPAL ACCOUNTING FEES AND SERVICES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.75 419.66 Td (.............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 404.66 Td (ITEM 16D) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 404.66 Td (EXEMPTIONS FROM LISTING STANDARDS FOR AUDIT COMMITTEES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 404.66 Td (....................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 389.66 Td (ITEM 16E) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 389.66 Td (PURCHASES OF EQUITY) Tj ET Q q 0 0 0 rg BT 237.35 389.66 Td ( SECURITIES BY) Tj ET Q q 0 0 0 rg BT 305.02 389.66 Td ( ) Tj ET Q q 0 0 0 rg BT 307.02 389.66 Td (THE ISSUER ) Tj ET Q q 0 0 0 rg BT 359.69 389.66 Td (AND ) Tj ET Q q 0 0 0 rg BT 380.94 389.66 Td (AFFILIA) Tj ET Q q 0 0 0 rg BT 414.70 389.66 Td (TED PURCHASES ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 389.66 Td (....................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 374.66 Td (ITEM 16F) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 374.66 Td (CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 374.66 Td (............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 359.66 Td (ITEM 16G) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 359.66 Td (CORPORATE GOVERNANCE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.00 359.66 Td (................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 344.66 Td (ITEM 16H) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 344.66 Td (MINE SAFETY DISCLOSURE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.00 344.66 Td (................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 329.80 Td (PART III) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.25 329.66 Td (...............................................................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 314.66 Td (ITEM 17.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 314.66 Td (FINANCIAL STATEMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 314.66 Td (....................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 299.66 Td (ITEM 18.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 299.66 Td (FINANCIAL STATEMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 299.66 Td (....................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 284.66 Td (ITEM 19.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 284.66 Td (EXHIBITS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.75 284.66 Td (.................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 567.5 727.396337890625 m 572 727.396337890625 l s q 0 0 1 rg BT 567.50 728.80 Td (6) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 567.5 712.46005859375 m 572 712.46005859375 l s q 0 0 1 rg BT 567.50 713.66 Td (6) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 567.5 697.46005859375 m 572 697.46005859375 l s q 0 0 1 rg BT 567.50 698.66 Td (6) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 567.5 682.46005859375 m 572 682.46005859375 l s q 0 0 1 rg BT 567.50 683.66 Td (6) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 667.46005859375 m 572 667.46005859375 l s q 0 0 1 rg BT 563.00 668.66 Td (25) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 652.46005859375 m 572 652.46005859375 l s q 0 0 1 rg BT 563.00 653.66 Td (34) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 637.46005859375 m 572 637.46005859375 l s q 0 0 1 rg BT 563.00 638.66 Td (34) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 622.46005859375 m 572 622.46005859375 l s q 0 0 1 rg BT 563.00 623.66 Td (47) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 607.46005859375 m 572 607.46005859375 l s q 0 0 1 rg BT 563.00 608.66 Td (50) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 592.46005859375 m 572 592.46005859375 l s q 0 0 1 rg BT 563.00 593.66 Td (53) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 577.46005859375 m 572 577.46005859375 l s q 0 0 1 rg BT 563.00 578.66 Td (54) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 562.46005859375 m 572 562.46005859375 l s q 0 0 1 rg BT 563.00 563.66 Td (56) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 547.46005859375 m 572 547.46005859375 l s q 0 0 1 rg BT 563.00 548.66 Td (62) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 532.46005859375 m 572 532.46005859375 l s q 0 0 1 rg BT 563.00 533.66 Td (64) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 563 517.396337890625 m 572 517.396337890625 l s q 0 0 1 rg BT 563.00 518.80 Td (66) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 502.46005859375 m 572 502.46005859375 l s q 0 0 1 rg BT 563.00 503.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 487.46005859375 m 572 487.46005859375 l s q 0 0 1 rg BT 563.00 488.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 463.46005859375 m 572 463.46005859375 l s q 0 0 1 rg BT 563.00 464.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 448.46005859375 m 572 448.46005859375 l s q 0 0 1 rg BT 563.00 449.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 433.46005859375 m 572 433.46005859375 l s q 0 0 1 rg BT 563.00 434.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 418.46005859375 m 572 418.46005859375 l s q 0 0 1 rg BT 563.00 419.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 403.46005859375 m 572 403.46005859375 l s q 0 0 1 rg BT 563.00 404.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 388.46005859375 m 572 388.46005859375 l s q 0 0 1 rg BT 563.00 389.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 373.46005859375 m 572 373.46005859375 l s q 0 0 1 rg BT 563.00 374.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 358.46005859375 m 572 358.46005859375 l s q 0 0 1 rg BT 563.00 359.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 343.46005859375 m 572 343.46005859375 l s q 0 0 1 rg BT 563.00 344.66 Td (66) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 563 328.396337890625 m 572 328.396337890625 l s q 0 0 1 rg BT 563.00 329.80 Td (69) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 313.46005859375 m 572 313.46005859375 l s q 0 0 1 rg BT 563.00 314.66 Td (69) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 298.46005859375 m 572 298.46005859375 l s q 0 0 1 rg BT 563.00 299.66 Td (69) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 563 283.46005859375 m 572 283.46005859375 l s q 0 0 1 rg BT 563.00 284.66 Td (70) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 25.30 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 286.55 747.90 Td (P) Tj ET Q q 0 0 0 rg BT 292.99 747.90 Td (AR) Tj ET Q q 0 0 0 rg BT 309.90 747.90 Td (T) Tj ET Q q 0 0 0 rg BT 317.69 747.90 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 732.90 Td (ITEM 1. ) Tj ET Q q 0 0 0 rg BT 108.00 732.90 Td (IDENTITY) Tj ET Q q 0 0 0 rg BT 157.09 732.90 Td ( OF) Tj ET Q q 0 0 0 rg BT 173.10 732.90 Td ( DIRECT) Tj ET Q q 0 0 0 rg BT 214.32 732.90 Td (ORS, SENIOR MANAGEMENT) Tj ET Q q 0 0 0 rg BT 356.10 732.90 Td ( ) Tj ET Q q 0 0 0 rg BT 358.04 732.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 381.66 732.90 Td (ADVISERS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 705.30 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 705.30 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 676.50 Td (ITEM 2. ) Tj ET Q q 0 0 0 rg BT 108.00 676.50 Td (OFFER ST) Tj ET Q q 0 0 0 rg BT 155.88 676.50 Td (A) Tj ET Q q 0 0 0 rg BT 162.36 676.50 Td (TISTICS ) Tj ET Q q 0 0 0 rg BT 203.77 676.50 Td (AND EXPECTED ) Tj ET Q q 0 0 0 rg BT 284.71 676.50 Td (TIMET) Tj ET Q q 0 0 0 rg BT 317.31 676.50 Td (ABLE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 648.90 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 648.90 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 620.10 Td (ITEM 3. ) Tj ET Q q 0 0 0 rg BT 108.00 620.10 Td (KEY) Tj ET Q q 0 0 0 rg BT 129.30 620.10 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 179.94 620.10 Td (TION) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 592.50 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 80.10 592.50 Td (this ) Tj ET Q q 0 0 0 rg BT 94.36 592.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 122.46 592.50 Td (Report, ) Tj ET Q q 0 0 0 rg BT 150.82 592.50 Td (all ) Tj ET Q q 0 0 0 rg BT 161.42 592.50 Td (references ) Tj ET Q q 0 0 0 rg BT 200.00 592.50 Td (to ) Tj ET Q q 0 0 0 rg BT 208.60 592.50 Td (we, ) Tj ET Q q 0 0 0 rg BT 230.95 592.50 Td (our) Tj ET Q q 0 0 0 rg BT 246.58 592.50 Td (, ) Tj ET Q q 0 0 0 rg BT 254.43 592.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 274.28 592.50 Td ("NADL" ) Tj ET Q q 0 0 0 rg BT 308.23 592.50 Td (and ) Tj ET Q q 0 0 0 rg BT 322.84 592.50 Td (the ) Tj ET Q q 0 0 0 rg BT 335.44 592.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.04 592.50 Td (refer ) Tj ET Q q 0 0 0 rg BT 398.62 592.50 Td (to ) Tj ET Q q 0 0 0 rg BT 407.23 592.50 Td (North ) Tj ET Q q 0 0 0 rg BT 429.48 592.50 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 460.08 592.50 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 490.19 592.50 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 506.55 592.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.15 592.50 Td (its ) Tj ET Q q 0 0 0 rg BT 531.26 592.50 Td (subsidiaries. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 581.70 Td (Unless ) Tj ET Q q 0 0 0 rg BT 63.18 581.70 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 100.85 581.70 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 138.77 581.70 Td (all ) Tj ET Q q 0 0 0 rg BT 150.45 581.70 Td (references ) Tj ET Q q 0 0 0 rg BT 190.10 581.70 Td (to ) Tj ET Q q 0 0 0 rg BT 199.79 581.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 222.47 581.70 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 255.89 581.70 Td (USD, ) Tj ET Q q 0 0 0 rg BT 286.82 581.70 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 324.24 581.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 350.91 581.70 Td (and ) Tj ET Q q 0 0 0 rg BT 366.59 581.70 Td ($ ) Tj ET Q q 0 0 0 rg BT 381.76 581.70 Td (in ) Tj ET Q q 0 0 0 rg BT 391.45 581.70 Td (this ) Tj ET Q q 0 0 0 rg BT 407.13 581.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 433.81 581.70 Td (report ) Tj ET Q q 0 0 0 rg BT 457.98 581.70 Td (are ) Tj ET Q q 0 0 0 rg BT 471.65 581.70 Td (to ) Tj ET Q q 0 0 0 rg BT 481.33 581.70 Td (the ) Tj ET Q q 0 0 0 rg BT 495.01 581.70 Td (lawful ) Tj ET Q q 0 0 0 rg BT 520.68 581.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 554.85 581.70 Td (of ) Tj ET Q q 0 0 0 rg BT 565.03 581.70 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 570.90 Td (United ) Tj ET Q q 0 0 0 rg BT 62.89 570.90 Td (States ) Tj ET Q q 0 0 0 rg BT 86.79 570.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.15 570.90 Td (America ) Tj ET Q q 0 0 0 rg BT 129.53 570.90 Td (and ) Tj ET Q q 0 0 0 rg BT 144.92 570.90 Td (references ) Tj ET Q q 0 0 0 rg BT 184.28 570.90 Td (to ) Tj ET Q q 0 0 0 rg BT 193.68 570.90 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 240.05 570.90 Td (kroner ) Tj ET Q q 0 0 0 rg BT 269.93 570.90 Td (and ) Tj ET Q q 0 0 0 rg BT 285.32 570.90 Td (NOK ) Tj ET Q q 0 0 0 rg BT 315.21 570.90 Td (are ) Tj ET Q q 0 0 0 rg BT 328.59 570.90 Td (to ) Tj ET Q q 0 0 0 rg BT 337.99 570.90 Td (the ) Tj ET Q q 0 0 0 rg BT 351.38 570.90 Td (lawful ) Tj ET Q q 0 0 0 rg BT 376.77 570.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 410.64 570.90 Td (of ) Tj ET Q q 0 0 0 rg BT 420.53 570.90 Td (Norway) Tj ET Q q 0 0 0 rg BT 448.94 570.90 Td (. ) Tj ET Q q 0 0 0 rg BT 453.58 570.90 Td ( ) Tj ET Q q 0 0 0 rg BT 455.98 570.90 Td (References ) Tj ET Q q 0 0 0 rg BT 498.35 570.90 Td (in ) Tj ET Q q 0 0 0 rg BT 507.75 570.90 Td (this ) Tj ET Q q 0 0 0 rg BT 522.62 570.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 551.51 570.90 Td (Report ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.36 560.10 Td (Statoil, ) Tj ET Q q 0 0 0 rg BT 81.46 560.10 Td (ConocoPhillips, ) Tj ET Q q 0 0 0 rg BT 149.57 560.10 Td (Shell, ) Tj ET Q q 0 0 0 rg BT 180.67 560.10 Td (T) Tj ET Q q 0 0 0 rg BT 189.54 560.10 Td (otal, ) Tj ET Q q 0 0 0 rg BT 211.64 560.10 Td (ExxonMobil, ) Tj ET Q q 0 0 0 rg BT 269.74 560.10 Td (Centrica, ) Tj ET Q q 0 0 0 rg BT 312.82 560.10 Td (KMNG, ) Tj ET Q q 0 0 0 rg BT 352.92 560.10 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 387.77 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.13 560.10 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 441.48 560.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 460.82 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.18 560.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 495.52 560.10 Td (ASA, ) Tj ET Q q 0 0 0 rg BT 518.14 560.10 Td (Conoco ) Tj ET Q q 0 0 0 rg BT 548.49 560.10 Td (Phillips ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 549.30 Td (Company) Tj ET Q q 0 0 0 rg BT 70.41 549.30 Td (, ) Tj ET Q q 0 0 0 rg BT 74.91 549.30 Td (Royal ) Tj ET Q q 0 0 0 rg BT 98.66 549.30 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 122.90 549.30 Td (Shell, ) Tj ET Q q 0 0 0 rg BT 145.74 549.30 Td (T) Tj ET Q q 0 0 0 rg BT 150.61 549.30 Td (otal ) Tj ET Q q 0 0 0 rg BT 166.35 549.30 Td (S.A., ) Tj ET Q q 0 0 0 rg BT 186.85 549.30 Td (Exxon ) Tj ET Q q 0 0 0 rg BT 212.60 549.30 Td (Mobil ) Tj ET Q q 0 0 0 rg BT 236.85 549.30 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 284.84 549.30 Td (Centrica ) Tj ET Q q 0 0 0 rg BT 317.57 549.30 Td (PLC, ) Tj ET Q q 0 0 0 rg BT 338.58 549.30 Td (Karmorneftegaz ) Tj ET Q q 0 0 0 rg BT 399.29 549.30 Td (SARL, ) Tj ET Q q 0 0 0 rg BT 426.79 549.30 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 453.54 549.30 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 488.29 549.30 Td (Pte ) Tj ET Q q 0 0 0 rg BT 502.04 549.30 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 519.03 549.30 Td (and ) Tj ET Q q 0 0 0 rg BT 534.27 549.30 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 564.52 549.30 Td (Oil ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 538.50 Td (Company) Tj ET Q q 0 0 0 rg BT 70.41 538.50 Td (, ) Tj ET Q q 0 0 0 rg BT 74.48 538.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 117.37 538.50 Td (, ) Tj ET Q q 0 0 0 rg BT 121.44 538.50 Td (and ) Tj ET Q q 0 0 0 rg BT 136.25 538.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 162.54 538.50 Td (of ) Tj ET Q q 0 0 0 rg BT 171.85 538.50 Td (each ) Tj ET Q q 0 0 0 rg BT 190.15 538.50 Td (of ) Tj ET Q q 0 0 0 rg BT 199.46 538.50 Td (their ) Tj ET Q q 0 0 0 rg BT 217.77 538.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 262.08 538.50 Td (that ) Tj ET Q q 0 0 0 rg BT 277.39 538.50 Td (are ) Tj ET Q q 0 0 0 rg BT 290.19 538.50 Td (our ) Tj ET Q q 0 0 0 rg BT 304.00 538.50 Td (current ) Tj ET Q q 0 0 0 rg BT 331.30 538.50 Td (or ) Tj ET Q q 0 0 0 rg BT 340.61 538.50 Td (former ) Tj ET Q q 0 0 0 rg BT 366.91 538.50 Td (customers. ) Tj ET Q q 0 0 0 rg BT 407.46 538.50 Td ( ) Tj ET Q q 0 0 0 rg BT 409.28 538.50 Td (References ) Tj ET Q q 0 0 0 rg BT 451.06 538.50 Td (in ) Tj ET Q q 0 0 0 rg BT 459.88 538.50 Td (this ) Tj ET Q q 0 0 0 rg BT 474.29 538.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 502.60 538.50 Td (Report ) Tj ET Q q 0 0 0 rg BT 528.91 538.50 Td (to ) Tj ET Q q 0 0 0 rg BT 537.73 538.50 Td (ft ) Tj ET Q q 0 0 0 rg BT 553.03 538.50 Td (means ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 527.70 Td (feet.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.10 Td (References ) Tj ET Q q 0 0 0 rg BT 78.67 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.37 500.10 Td (this ) Tj ET Q q 0 0 0 rg BT 104.07 500.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 130.76 500.10 Td (report ) Tj ET Q q 0 0 0 rg BT 154.95 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.65 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 179.34 500.10 Td (common ) Tj ET Q q 0 0 0 rg BT 213.53 500.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 238.72 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 252.41 500.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 285.10 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.80 500.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 320.48 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.17 500.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 385.36 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.56 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.25 500.10 Td (common ) Tj ET Q q 0 0 0 rg BT 444.45 500.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 469.63 500.10 Td (through ) Tj ET Q q 0 0 0 rg BT 500.33 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.02 500.10 Td (one-for) Tj ET Q q 0 0 0 rg BT 533.33 500.10 Td (-ten ) Tj ET Q q 0 0 0 rg BT 550.02 500.10 Td (reverse ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 489.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 57.25 489.30 Td (split, ) Tj ET Q q 0 0 0 rg BT 77.25 489.30 Td (which ) Tj ET Q q 0 0 0 rg BT 101.50 489.30 Td (became ) Tj ET Q q 0 0 0 rg BT 131.23 489.30 Td (ef) Tj ET Q q 0 0 0 rg BT 138.05 489.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 164.79 489.30 Td (on ) Tj ET Q q 0 0 0 rg BT 176.04 489.30 Td (December ) Tj ET Q q 0 0 0 rg BT 215.26 489.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 228.76 489.30 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 460.50 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 460.50 Td (Selected Financial Data ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 446.70 Td (The ) Tj ET Q q 0 0 0 rg BT 52.03 446.70 Td (selected ) Tj ET Q q 0 0 0 rg BT 83.06 446.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 119.59 446.70 Td (of ) Tj ET Q q 0 0 0 rg BT 129.13 446.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 168.66 446.70 Td (and ) Tj ET Q q 0 0 0 rg BT 183.69 446.70 Td (other ) Tj ET Q q 0 0 0 rg BT 204.23 446.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.75 446.70 Td (data ) Tj ET Q q 0 0 0 rg BT 254.78 446.70 Td (of ) Tj ET Q q 0 0 0 rg BT 264.32 446.70 Td (the ) Tj ET Q q 0 0 0 rg BT 277.36 446.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.40 446.70 Td (with ) Tj ET Q q 0 0 0 rg BT 332.44 446.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 359.96 446.70 Td (to ) Tj ET Q q 0 0 0 rg BT 369.01 446.70 Td (the ) Tj ET Q q 0 0 0 rg BT 382.04 446.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 403.57 446.70 Td (years ) Tj ET Q q 0 0 0 rg BT 424.60 446.70 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.13 446.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.65 446.70 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.65 446.70 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.94 446.70 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.94 446.70 Td ( ) Tj ET Q q 0 0 0 rg BT 542.98 446.70 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.02 446.70 Td (2013) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 435.90 Td (and ) Tj ET Q q 0 0 0 rg BT 51.67 435.90 Td (the ) Tj ET Q q 0 0 0 rg BT 65.34 435.90 Td (selected ) Tj ET Q q 0 0 0 rg BT 97.00 435.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 127.15 435.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 148.32 435.90 Td (data ) Tj ET Q q 0 0 0 rg BT 165.98 435.90 Td (of ) Tj ET Q q 0 0 0 rg BT 176.16 435.90 Td (the ) Tj ET Q q 0 0 0 rg BT 189.83 435.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.50 435.90 Td (with ) Tj ET Q q 0 0 0 rg BT 246.18 435.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 274.34 435.90 Td (to ) Tj ET Q q 0 0 0 rg BT 284.01 435.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.68 435.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 319.85 435.90 Td (years ) Tj ET Q q 0 0 0 rg BT 341.51 435.90 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.68 435.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 418.83 435.90 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.83 435.90 Td ( ) Tj ET Q q 0 0 0 rg BT 439.50 435.90 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.17 435.90 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.17 435.90 Td ( ) Tj ET Q q 0 0 0 rg BT 475.85 435.90 Td (have ) Tj ET Q q 0 0 0 rg BT 495.51 435.90 Td (been ) Tj ET Q q 0 0 0 rg BT 515.18 435.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 544.84 435.90 Td (from ) Tj ET Q q 0 0 0 rg BT 565.01 435.90 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 78.88 425.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 129.13 425.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 165.38 425.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 207.63 425.10 Td (included ) Tj ET Q q 0 0 0 rg BT 241.38 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.14 425.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 270.39 425.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 282.15 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.40 425.10 Td (this ) Tj ET Q q 0 0 0 rg BT 307.56 425.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 336.81 425.10 Td (Report, ) Tj ET Q q 0 0 0 rg BT 366.31 425.10 Td (which ) Tj ET Q q 0 0 0 rg BT 391.06 425.10 Td (have ) Tj ET Q q 0 0 0 rg BT 410.81 425.10 Td (been ) Tj ET Q q 0 0 0 rg BT 430.56 425.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 464.79 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.55 425.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 517.77 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 536.53 425.10 Td (accounting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 414.30 Td (principles ) Tj ET Q q 0 0 0 rg BT 73.74 414.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.47 414.30 Td (accepted ) Tj ET Q q 0 0 0 rg BT 143.20 414.30 Td (in ) Tj ET Q q 0 0 0 rg BT 152.45 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.69 414.30 Td (United ) Tj ET Q q 0 0 0 rg BT 192.44 414.30 Td (States, ) Tj ET Q q 0 0 0 rg BT 218.43 414.30 Td (or ) Tj ET Q q 0 0 0 rg BT 228.18 414.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 246.44 414.30 Td (GAAP) Tj ET Q q 0 0 0 rg BT 269.94 414.30 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 386.70 Td (The ) Tj ET Q q 0 0 0 rg BT 51.96 386.70 Td (selected ) Tj ET Q q 0 0 0 rg BT 82.92 386.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 119.38 386.70 Td (of ) Tj ET Q q 0 0 0 rg BT 128.85 386.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 168.31 386.70 Td (and ) Tj ET Q q 0 0 0 rg BT 183.28 386.70 Td (other ) Tj ET Q q 0 0 0 rg BT 203.74 386.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.20 386.70 Td (data ) Tj ET Q q 0 0 0 rg BT 254.16 386.70 Td (for ) Tj ET Q q 0 0 0 rg BT 266.62 386.70 Td (the ) Tj ET Q q 0 0 0 rg BT 279.59 386.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 301.05 386.70 Td (years ) Tj ET Q q 0 0 0 rg BT 322.01 386.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 345.48 386.70 Td (December ) Tj ET Q q 0 0 0 rg BT 384.42 386.70 Td (31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.65 386.70 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.65 386.70 Td ( ) Tj ET Q q 0 0 0 rg BT 417.62 386.70 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.58 386.70 Td (201) Tj ET Q q 0 0 0 rg BT 445.75 386.70 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 386.70 Td ( ) Tj ET Q q 0 0 0 rg BT 452.22 386.70 Td (and ) Tj ET Q q 0 0 0 rg BT 467.19 386.70 Td (the ) Tj ET Q q 0 0 0 rg BT 480.16 386.70 Td (selected ) Tj ET Q q 0 0 0 rg BT 511.11 386.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 540.56 386.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 561.03 386.70 Td (data ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 375.90 Td (with ) Tj ET Q q 0 0 0 rg BT 54.00 375.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 81.48 375.90 Td (to ) Tj ET Q q 0 0 0 rg BT 90.48 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 103.48 375.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 124.97 375.90 Td (years ) Tj ET Q q 0 0 0 rg BT 145.96 375.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 169.44 375.90 Td (December ) Tj ET Q q 0 0 0 rg BT 208.42 375.90 Td (31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.67 375.90 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.67 375.90 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.92 375.90 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.92 375.90 Td ( ) Tj ET Q q 0 0 0 rg BT 263.92 375.90 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.91 375.90 Td (201) Tj ET Q q 0 0 0 rg BT 292.08 375.90 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.58 375.90 Td ( ) Tj ET Q q 0 0 0 rg BT 298.58 375.90 Td (have ) Tj ET Q q 0 0 0 rg BT 317.57 375.90 Td (been ) Tj ET Q q 0 0 0 rg BT 336.56 375.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 365.54 375.90 Td (from ) Tj ET Q q 0 0 0 rg BT 385.04 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 398.03 375.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 447.53 375.90 Td (and ) Tj ET Q q 0 0 0 rg BT 462.52 375.90 Td (Combined ) Tj ET Q q 0 0 0 rg BT 502.02 375.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 551.51 375.90 Td (Carve-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (Out ) Tj ET Q q 0 0 0 rg BT 51.75 365.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 87.49 365.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 129.23 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.98 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.23 365.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.47 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.72 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 217.96 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 231.71 365.10 Td (included ) Tj ET Q q 0 0 0 rg BT 264.95 365.10 Td (herein.) 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() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.15 745.95 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.00 731.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.00 731.95 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 731.95 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.00 731.95 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.20 731.95 Td (2011) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 717.95 Td (Balance Sheet Data \(at end of period\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 717.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 717.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 703.96 Td (Cash and cash equivalents ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 135.97 708.04 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.75 703.96 Td (150.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 703.96 Td (116.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 703.96 Td (84.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.25 703.96 Td (98.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 703.96 Td (147.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 689.96 Td (Drilling rigs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.00 689.96 Td (2,738.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 689.96 Td (2,923.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 689.96 Td (2,377.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 689.96 Td (2,416.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 689.96 Td (2,006.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 675.96 Td (Newbuildings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 675.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 675.96 Td (172.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 675.96 Td (312.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 675.96 Td (248.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 675.96 Td (572.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 661.96 Td (Goodwill) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 661.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 661.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 661.96 Td (480.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 661.96 Td (480.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 661.96 Td (480.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 647.96 Td (T) Tj ET Q q 0 0 0 rg BT 43.87 647.96 Td (otal assets ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 82.86 652.04 Td (\(3\) \(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.00 647.96 Td (3,255.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 647.96 Td (3,651.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 647.96 Td (3,679.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 647.96 Td (3,916.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 647.96 Td (3,580.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 633.96 Td (Interest bearing debt \(including current portion\) ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 213.44 638.04 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.00 633.96 Td (2,434.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 633.96 Td (2,706.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 633.96 Td (2,427.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 633.96 Td (2,430.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 633.96 Td (2,599.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 619.96 Td (T) Tj ET Q q 0 0 0 rg BT 43.87 619.96 Td (otal shareholders) Tj ET Q q 0 0 0 rg BT 107.43 619.96 Td ( equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.75 619.96 Td (418.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 619.96 Td (461.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 619.96 Td (857.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 619.96 Td (838.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 619.96 Td (525.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 605.96 Td (Common shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.75 605.96 Td (2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 605.96 Td (1,205.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 605.96 Td (1,138.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 605.96 Td (1,138.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 605.96 Td (988.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 578.95 Td (Other) Tj ET Q q 0 0 0 rg BT 61.83 578.95 Td ( Financial Data:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 578.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 578.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 564.96 Td (Net cash provided by continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.75 564.96 Td (339.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 564.96 Td (199.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 564.96 Td (425.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 564.96 Td (254.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 564.96 Td (334.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 549.96 Td (Net cash used in investing activities from continuing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 540.96 Td (operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 540.96 Td (\(39.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.00 540.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 540.96 Td (\(447.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 540.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 540.96 Td (\(103.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 540.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.75 540.96 Td (\(238.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 540.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 540.96 Td (\(390.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 540.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 525.96 Td (Net cash \(used in\)/provided by financing activities from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 516.96 Td (continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.75 516.96 Td (\(264.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.00 516.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 516.96 Td (271.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 516.96 Td (\(334.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 516.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.25 516.96 Td (\(64.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 516.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 516.96 Td (199.6) Tj ET Q BT /F1 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 499.20 Td (____________________) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 485.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 485.40 Td (As ) Tj ET Q q 0 0 0 rg BT 83.88 485.40 Td (a ) Tj ET Q q 0 0 0 rg BT 89.75 485.40 Td (result ) Tj ET Q q 0 0 0 rg BT 111.62 485.40 Td (of ) Tj ET Q q 0 0 0 rg BT 120.99 485.40 Td (the ) Tj ET Q q 0 0 0 rg BT 133.86 485.40 Td (1-for) Tj ET Q q 0 0 0 rg BT 151.67 485.40 Td (-10 ) Tj ET Q q 0 0 0 rg BT 165.54 485.40 Td (reverse ) Tj ET Q q 0 0 0 rg BT 193.39 485.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 214.27 485.40 Td (split ) Tj ET Q q 0 0 0 rg BT 231.64 485.40 Td (and ) Tj ET Q q 0 0 0 rg BT 246.51 485.40 Td (related ) Tj ET Q q 0 0 0 rg BT 272.87 485.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 308.73 485.40 Td (in ) Tj ET Q q 0 0 0 rg BT 317.61 485.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 357.46 485.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 383.32 485.40 Td (in ) Tj ET Q q 0 0 0 rg BT 392.20 485.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 414.32 485.40 Td (the ) Tj ET Q q 0 0 0 rg BT 427.19 485.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 459.56 485.40 Td (per ) Tj ET Q q 0 0 0 rg BT 472.92 485.40 Td (share ) Tj ET Q q 0 0 0 rg BT 493.79 485.40 Td (and ) Tj ET Q q 0 0 0 rg BT 508.65 485.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 545.53 485.40 Td (declared ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 474.60 Td (per ) Tj ET Q q 0 0 0 rg BT 85.58 474.60 Td (share ) Tj ET Q q 0 0 0 rg BT 106.66 474.60 Td (have ) Tj ET Q q 0 0 0 rg BT 125.74 474.60 Td (been ) Tj ET Q q 0 0 0 rg BT 144.82 474.60 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 200.39 474.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 232.47 474.60 Td (by ) Tj ET Q q 0 0 0 rg BT 243.56 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 249.64 474.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 272.72 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.30 474.60 Td (10. ) Tj ET Q q 0 0 0 rg BT 295.64 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.73 474.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 322.81 474.60 Td (see ) Tj ET Q q 0 0 0 rg BT 336.40 474.60 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.07 474.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 359.65 474.60 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.65 474.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 408.75 474.60 Td (share ) Tj ET Q q 0 0 0 rg BT 429.83 474.60 Td (capital" ) Tj ET Q q 0 0 0 rg BT 459.58 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.16 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.25 474.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 505.33 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 514.42 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 528.51 474.60 Td (Consolidated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 463.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.74 463.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 149.48 463.80 Td (included ) Tj ET Q q 0 0 0 rg BT 182.72 463.80 Td (herein ) Tj ET Q q 0 0 0 rg BT 207.46 463.80 Td (for ) Tj ET Q q 0 0 0 rg BT 220.21 463.80 Td (more ) Tj ET Q q 0 0 0 rg BT 240.95 463.80 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 450.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 72.00 450.00 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 107.24 450.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 142.97 450.00 Td (cash.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 436.20 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 72.00 436.20 Td (During ) Tj ET Q q 0 0 0 rg BT 100.65 436.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.79 436.20 Td (year ) Tj ET Q q 0 0 0 rg BT 133.43 436.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.07 436.20 Td (December ) Tj ET Q q 0 0 0 rg BT 198.19 436.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 212.59 436.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 235.99 436.20 Td (the ) Tj ET Q q 0 0 0 rg BT 250.14 436.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 288.29 436.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 319.23 436.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 364.37 436.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 403.01 436.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 432.15 436.20 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 459.30 436.20 Td (2015-03, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.70 436.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 511.86 436.20 Td (estImputation ) Tj ET Q q 0 0 0 rg BT 569.00 436.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 425.40 Td (Inter) Tj ET Q q 0 0 0 rg BT 89.16 425.40 Td (est ) Tj ET Q q 0 0 0 rg BT 100.95 425.40 Td (\(Subtopic ) Tj ET Q q 0 0 0 rg BT 137.23 425.40 Td (835-30\): ) Tj ET Q q 0 0 0 rg BT 170.52 425.40 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 213.31 425.40 Td (the ) Tj ET Q q 0 0 0 rg BT 226.09 425.40 Td (Pr) Tj ET Q q 0 0 0 rg BT 234.76 425.40 Td (esentation ) Tj ET Q q 0 0 0 rg BT 273.54 425.40 Td (of ) Tj ET Q q 0 0 0 rg BT 282.34 425.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 301.62 425.40 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 334.91 425.40 Td (Costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.92 425.40 Td (, ) Tj ET Q q 0 0 0 rg BT 358.96 425.40 Td (which ) Tj ET Q q 0 0 0 rg BT 382.74 425.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 413.52 425.40 Td (the ) Tj ET Q q 0 0 0 rg BT 426.31 425.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 443.60 425.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 475.88 425.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 495.67 425.40 Td (related ) Tj ET Q q 0 0 0 rg BT 521.94 425.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.74 425.40 Td (a ) Tj ET Q q 0 0 0 rg BT 536.52 425.40 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 414.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 90.10 414.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 120.71 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 130.32 414.60 Td (be ) Tj ET Q q 0 0 0 rg BT 141.42 414.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 178.51 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.12 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.73 414.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 231.81 414.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 252.91 414.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.02 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 269.62 414.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 292.72 414.60 Td (deduction ) Tj ET Q q 0 0 0 rg BT 330.82 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 350.92 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.52 414.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 397.12 414.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 426.72 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.83 414.60 Td (that ) Tj ET Q q 0 0 0 rg BT 452.93 414.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 471.03 414.60 Td (liability) Tj ET Q q 0 0 0 rg BT 498.45 414.60 Td (, ) Tj ET Q q 0 0 0 rg BT 503.30 414.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 541.91 414.60 Td (with ) Tj ET Q q 0 0 0 rg BT 560.52 414.60 Td (debt ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 403.80 Td (discounts ) Tj ET Q q 0 0 0 rg BT 108.54 403.80 Td (and ) Tj ET Q q 0 0 0 rg BT 124.06 403.80 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 164.29 403.80 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 211.81 403.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.34 403.80 Td (previous ) Tj ET Q q 0 0 0 rg BT 258.87 403.80 Td (year's ) Tj ET Q q 0 0 0 rg BT 282.01 403.80 Td (selected ) Tj ET Q q 0 0 0 rg BT 313.53 403.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.54 403.80 Td (data ) Tj ET Q q 0 0 0 rg BT 365.07 403.80 Td (have ) Tj ET Q q 0 0 0 rg BT 384.59 403.80 Td (been ) Tj ET Q q 0 0 0 rg BT 404.12 403.80 Td (represented ) Tj ET Q q 0 0 0 rg BT 448.13 403.80 Td (to ) Tj ET Q q 0 0 0 rg BT 457.66 403.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 483.18 403.80 Td (the ) Tj ET Q q 0 0 0 rg BT 496.71 403.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 530.74 403.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.77 403.80 Td (this ) Tj ET Q q 0 0 0 rg BT 555.75 403.80 Td (ASU. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 393.00 Td (The ) Tj ET Q q 0 0 0 rg BT 89.11 393.00 Td (total ) Tj ET Q q 0 0 0 rg BT 108.23 393.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 141.84 393.00 Td (represented ) Tj ET Q q 0 0 0 rg BT 186.44 393.00 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.04 393.00 Td ($14.7 ) Tj ET Q q 0 0 0 rg BT 230.41 393.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.42 393.00 Td ( ) Tj ET Q q 0 0 0 rg BT 259.53 393.00 Td (as ) Tj ET Q q 0 0 0 rg BT 270.15 393.00 Td (at ) Tj ET Q q 0 0 0 rg BT 279.76 393.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 333.36 393.00 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.73 393.00 Td ($23.3 ) Tj ET Q q 0 0 0 rg BT 380.10 393.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.10 393.00 Td ( ) Tj ET Q q 0 0 0 rg BT 409.22 393.00 Td (as ) Tj ET Q q 0 0 0 rg BT 419.84 393.00 Td (at ) Tj ET Q q 0 0 0 rg BT 429.45 393.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 483.04 393.00 Td (2014, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.41 393.00 Td ($20.3 ) Tj ET Q q 0 0 0 rg BT 529.78 393.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.79 393.00 Td ( ) Tj ET Q q 0 0 0 rg BT 558.90 393.00 Td (as ) Tj ET Q q 0 0 0 rg BT 569.52 393.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 382.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 125.37 382.20 Td (2013, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.51 382.20 Td ($21.7 ) Tj ET Q q 0 0 0 rg BT 171.65 382.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.65 382.20 Td ( ) Tj ET Q q 0 0 0 rg BT 200.54 382.20 Td (as ) Tj ET Q q 0 0 0 rg BT 210.93 382.20 Td (at ) Tj ET Q q 0 0 0 rg BT 220.31 382.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 273.68 382.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 296.82 382.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.71 382.20 Td ($26.9 ) Tj ET Q q 0 0 0 rg BT 335.85 382.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 382.20 Td ( ) Tj ET Q q 0 0 0 rg BT 364.74 382.20 Td (as ) Tj ET Q q 0 0 0 rg BT 375.13 382.20 Td (at ) Tj ET Q q 0 0 0 rg BT 384.51 382.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 437.88 382.20 Td (201) Tj ET Q q 0 0 0 rg BT 451.05 382.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 460.69 382.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 486.57 382.20 Td (see ) Tj ET Q q 0 0 0 rg BT 500.95 382.20 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.63 382.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 525.01 382.20 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.51 382.20 Td (Accounting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 371.40 Td (policies" ) Tj ET Q q 0 0 0 rg BT 105.92 371.40 Td (of ) Tj ET Q q 0 0 0 rg BT 115.66 371.40 Td (the ) Tj ET Q q 0 0 0 rg BT 128.91 371.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 152.16 371.40 Td (to ) Tj ET Q q 0 0 0 rg BT 161.41 371.40 Td (our ) Tj ET Q q 0 0 0 rg BT 175.65 371.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 211.39 371.40 Td (Statements ) Tj ET Q q 0 0 0 rg BT 253.14 371.40 Td (included ) Tj ET Q q 0 0 0 rg BT 286.38 371.40 Td (herein ) Tj ET Q q 0 0 0 rg BT 311.12 371.40 Td (for ) Tj ET Q q 0 0 0 rg BT 323.86 371.40 Td (more ) Tj ET Q q 0 0 0 rg BT 344.60 371.40 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 357.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 66.74 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 357.60 Td (Historically) Tj ET Q q 0 0 0 rg BT 113.91 357.60 Td (, ) Tj ET Q q 0 0 0 rg BT 118.16 357.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.16 357.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 168.16 357.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 204.65 357.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 237.64 357.60 Td (due ) Tj ET Q q 0 0 0 rg BT 252.64 357.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.64 357.60 Td (or ) Tj ET Q q 0 0 0 rg BT 271.15 357.60 Td (from ) Tj ET Q q 0 0 0 rg BT 290.65 357.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 309.16 357.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 339.65 357.60 Td (International ) Tj ET Q q 0 0 0 rg BT 387.64 357.60 Td (Limited ) Tj ET Q q 0 0 0 rg BT 418.13 357.60 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 449.14 357.60 Td ("SFL"\), ) Tj ET Q q 0 0 0 rg BT 479.25 357.60 Td (or ) Tj ET Q q 0 0 0 rg BT 488.75 357.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 507.26 357.60 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 540.00 357.60 Td (on ) Tj ET Q q 0 0 0 rg BT 551.01 357.60 Td (a ) Tj ET Q q 0 0 0 rg BT 557.01 357.60 Td (gross ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 346.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 94.40 346.80 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 134.05 346.80 Td (on ) Tj ET Q q 0 0 0 rg BT 145.20 346.80 Td (June ) Tj ET Q q 0 0 0 rg BT 163.84 346.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 177.24 346.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 197.39 346.80 Td (the ) Tj ET Q q 0 0 0 rg BT 210.53 346.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.68 346.80 Td (has ) Tj ET Q q 0 0 0 rg BT 261.83 346.80 Td (elected ) Tj ET Q q 0 0 0 rg BT 289.45 346.80 Td (to ) Tj ET Q q 0 0 0 rg BT 298.60 346.80 Td (present ) Tj ET Q q 0 0 0 rg BT 326.74 346.80 Td (this ) Tj ET Q q 0 0 0 rg BT 341.89 346.80 Td (on ) Tj ET Q q 0 0 0 rg BT 353.04 346.80 Td (a ) Tj ET Q q 0 0 0 rg BT 359.19 346.80 Td (net ) Tj ET Q q 0 0 0 rg BT 372.33 346.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 394.73 346.80 Td (due ) Tj ET Q q 0 0 0 rg BT 409.87 346.80 Td (to ) Tj ET Q q 0 0 0 rg BT 419.02 346.80 Td (the ) Tj ET Q q 0 0 0 rg BT 432.17 346.80 Td (fact ) Tj ET Q q 0 0 0 rg BT 447.80 346.80 Td (that ) Tj ET Q q 0 0 0 rg BT 463.45 346.80 Td (the ) Tj ET Q q 0 0 0 rg BT 476.59 346.80 Td (right ) Tj ET Q q 0 0 0 rg BT 495.74 346.80 Td (of ) Tj ET Q q 0 0 0 rg BT 505.38 346.80 Td (of) Tj ET Q q 0 0 0 rg BT 512.72 346.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 527.86 346.80 Td (is ) Tj ET Q q 0 0 0 rg BT 536.01 346.80 Td (established ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 336.00 Td (in ) Tj ET Q q 0 0 0 rg BT 81.38 336.00 Td (the ) Tj ET Q q 0 0 0 rg BT 94.75 336.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 132.62 336.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 150.49 336.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 196.10 336.00 Td (and ) Tj ET Q q 0 0 0 rg BT 211.47 336.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.84 336.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 258.20 336.00 Td (are ) Tj ET Q q 0 0 0 rg BT 271.56 336.00 Td (intended ) Tj ET Q q 0 0 0 rg BT 304.93 336.00 Td (to ) Tj ET Q q 0 0 0 rg BT 314.31 336.00 Td (be ) Tj ET Q q 0 0 0 rg BT 325.18 336.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 351.05 336.00 Td (on ) Tj ET Q q 0 0 0 rg BT 362.43 336.00 Td (a ) Tj ET Q q 0 0 0 rg BT 368.80 336.00 Td (net ) Tj ET Q q 0 0 0 rg BT 382.17 336.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 404.80 336.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 442.18 336.00 Td (a ) Tj ET Q q 0 0 0 rg BT 448.55 336.00 Td (more ) Tj ET Q q 0 0 0 rg BT 469.42 336.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 512.78 336.00 Td (description ) Tj ET Q q 0 0 0 rg BT 555.14 336.00 Td (of ) Tj ET Q q 0 0 0 rg BT 565.02 336.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 325.20 Td (Company) Tj ET Q q 0 0 0 rg BT 109.50 325.20 Td (s ) Tj ET Q q 0 0 0 rg BT 115.16 325.20 Td (related ) Tj ET Q q 0 0 0 rg BT 141.80 325.20 Td (party ) Tj ET Q q 0 0 0 rg BT 162.46 325.20 Td (net ) Tj ET Q q 0 0 0 rg BT 175.61 325.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 193.27 325.20 Td (position. ) Tj ET Q q 0 0 0 rg BT 226.20 325.20 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 273.35 325.20 Td (the ) Tj ET Q q 0 0 0 rg BT 286.51 325.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 323.66 325.20 Td (has ) Tj ET Q q 0 0 0 rg BT 337.82 325.20 Td (represented ) Tj ET Q q 0 0 0 rg BT 381.46 325.20 Td (from ) Tj ET Q q 0 0 0 rg BT 401.11 325.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 433.77 325.20 Td (due ) Tj ET Q q 0 0 0 rg BT 448.92 325.20 Td (from ) Tj ET Q q 0 0 0 rg BT 468.58 325.20 Td (related ) Tj ET Q q 0 0 0 rg BT 495.22 325.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 521.37 325.20 Td (\(current ) Tj ET Q q 0 0 0 rg BT 552.01 325.20 Td (assets\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 314.40 Td (to ) Tj ET Q q 0 0 0 rg BT 80.39 314.40 Td (of) Tj ET Q q 0 0 0 rg BT 87.72 314.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 102.11 314.40 Td (against ) Tj ET Q q 0 0 0 rg BT 128.99 314.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 165.87 314.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 182.76 314.40 Td (due ) Tj ET Q q 0 0 0 rg BT 197.14 314.40 Td (to ) Tj ET Q q 0 0 0 rg BT 205.53 314.40 Td (related ) Tj ET Q q 0 0 0 rg BT 231.40 314.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 256.78 314.40 Td (\(non-current ) Tj ET Q q 0 0 0 rg BT 303.15 314.40 Td (liabilities\). ) Tj ET Q q 0 0 0 rg BT 343.28 314.40 Td ( ) Tj ET Q q 0 0 0 rg BT 344.57 314.40 Td (The ) Tj ET Q q 0 0 0 rg BT 359.95 314.40 Td (total ) Tj ET Q q 0 0 0 rg BT 377.34 314.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 409.23 314.40 Td (represented ) Tj ET Q q 0 0 0 rg BT 452.09 314.40 Td (were ) Tj ET Q q 0 0 0 rg BT 470.97 314.40 Td ($0 ) Tj ET Q q 0 0 0 rg BT 481.36 314.40 Td (million ) Tj ET Q q 0 0 0 rg BT 508.75 314.40 Td (as ) Tj ET Q q 0 0 0 rg BT 517.63 314.40 Td (at ) Tj ET Q q 0 0 0 rg BT 525.52 314.40 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 303.60 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.48 303.60 Td ($14.3 ) Tj ET Q q 0 0 0 rg BT 116.96 303.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.97 303.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.20 303.60 Td (as ) Tj ET Q q 0 0 0 rg BT 154.93 303.60 Td (at ) Tj ET Q q 0 0 0 rg BT 163.66 303.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 216.36 303.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 238.85 303.60 Td ($0 ) Tj ET Q q 0 0 0 rg BT 250.08 303.60 Td (million ) Tj ET Q q 0 0 0 rg BT 278.31 303.60 Td (as ) Tj ET Q q 0 0 0 rg BT 288.04 303.60 Td (at ) Tj ET Q q 0 0 0 rg BT 296.77 303.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 349.48 303.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 371.96 303.60 Td ($0 ) Tj ET Q q 0 0 0 rg BT 383.19 303.60 Td (million ) Tj ET Q q 0 0 0 rg BT 411.43 303.60 Td (as ) Tj ET Q q 0 0 0 rg BT 421.16 303.60 Td (at ) Tj ET Q q 0 0 0 rg BT 429.89 303.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 482.59 303.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 505.08 303.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.30 303.60 Td ($0 ) Tj ET Q q 0 0 0 rg BT 531.54 303.60 Td (million ) Tj ET Q q 0 0 0 rg BT 559.77 303.60 Td (as ) Tj ET Q q 0 0 0 rg BT 569.50 303.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 292.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 124.73 292.80 Td (201) Tj ET Q q 0 0 0 rg BT 137.89 292.80 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 264.00 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 264.00 Td (Capitalization and Indebtedness) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.20 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 250.20 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 221.40 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 221.40 Td (Reasons for) Tj ET Q q 0 0 0 rg BT 122.09 221.40 Td ( the Offer) Tj ET Q q 0 0 0 rg BT 163.56 221.40 Td ( and Use of Pr) Tj ET Q q 0 0 0 rg BT 223.93 221.40 Td (oceeds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.60 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 207.60 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 178.80 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 178.80 Td (Risk Factors) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.07 151.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.15 151.20 Td (are ) Tj ET Q q 0 0 0 rg BT 88.21 151.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 123.78 151.20 Td (engaged, ) Tj ET Q q 0 0 0 rg BT 158.09 151.20 Td (or ) Tj ET Q q 0 0 0 rg BT 167.66 151.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 200.73 151.20 Td (to ) Tj ET Q q 0 0 0 rg BT 209.81 151.20 Td (engage, ) Tj ET Q q 0 0 0 rg BT 239.62 151.20 Td (in ) Tj ET Q q 0 0 0 rg BT 248.69 151.20 Td (of) Tj ET Q q 0 0 0 rg BT 256.03 151.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 280.60 151.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 311.65 151.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 340.23 151.20 Td (for ) Tj ET Q q 0 0 0 rg BT 352.80 151.20 Td (the ) Tj ET Q q 0 0 0 rg BT 365.87 151.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 377.45 151.20 Td (and ) Tj ET Q q 0 0 0 rg BT 392.52 151.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 406.60 151.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 438.17 151.20 Td (in ) Tj ET Q q 0 0 0 rg BT 447.25 151.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 468.82 151.20 Td (environments ) Tj ET Q q 0 0 0 rg BT 519.89 151.20 Td (in ) Tj ET Q q 0 0 0 rg BT 528.96 151.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.04 151.20 Td (territorial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.40 Td (waters ) Tj ET Q q 0 0 0 rg BT 61.58 140.40 Td (and ) Tj ET Q q 0 0 0 rg BT 76.66 140.40 Td (outer ) Tj ET Q q 0 0 0 rg BT 97.24 140.40 Td (continental ) Tj ET Q q 0 0 0 rg BT 139.31 140.40 Td (shelf ) Tj ET Q q 0 0 0 rg BT 158.89 140.40 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 201.98 140.40 Td (of ) Tj ET Q q 0 0 0 rg BT 211.56 140.40 Td (Norway) Tj ET Q q 0 0 0 rg BT 239.97 140.40 Td (, ) Tj ET Q q 0 0 0 rg BT 244.31 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 257.39 140.40 Td (United ) Tj ET Q q 0 0 0 rg BT 283.97 140.40 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 322.31 140.40 Td (Ireland, ) Tj ET Q q 0 0 0 rg BT 352.13 140.40 Td (Denmark, ) Tj ET Q q 0 0 0 rg BT 389.95 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 403.04 140.40 Td (Netherlands, ) Tj ET Q q 0 0 0 rg BT 450.86 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.94 140.40 Td (east ) Tj ET Q q 0 0 0 rg BT 480.02 140.40 Td (coast ) Tj ET Q q 0 0 0 rg BT 500.60 140.40 Td (of ) Tj ET Q q 0 0 0 rg BT 510.18 140.40 Td (Greenland, ) Tj ET Q q 0 0 0 rg BT 552.00 140.40 Td (Russia ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 129.60 Td (\(west ) Tj ET Q q 0 0 0 rg BT 58.06 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 68.13 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 81.70 129.60 Td (island ) Tj ET Q q 0 0 0 rg BT 105.77 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.84 129.60 Td (Diksonskiy\) ) Tj ET Q q 0 0 0 rg BT 162.41 129.60 Td (and ) Tj ET Q q 0 0 0 rg BT 177.97 129.60 Td (all ) Tj ET Q q 0 0 0 rg BT 189.54 129.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 225.10 129.60 Td (within ) Tj ET Q q 0 0 0 rg BT 250.67 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.24 129.60 Td (Baltic ) Tj ET Q q 0 0 0 rg BT 288.30 129.60 Td (Sea ) Tj ET Q q 0 0 0 rg BT 303.87 129.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.43 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.00 129.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 352.07 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.14 129.60 Td (Bothnia, ) Tj ET Q q 0 0 0 rg BT 395.46 129.60 Td (which ) Tj ET Q q 0 0 0 rg BT 420.02 129.60 Td (we ) Tj ET Q q 0 0 0 rg BT 433.09 129.60 Td (refer ) Tj ET Q q 0 0 0 rg BT 452.64 129.60 Td (to ) Tj ET Q q 0 0 0 rg BT 462.21 129.60 Td (as ) Tj ET Q q 0 0 0 rg BT 472.28 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.84 129.60 Td ("North ) Tj ET Q q 0 0 0 rg BT 512.52 129.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 544.08 129.60 Td (Region," ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 118.85 Td (including ) Tj ET Q q 0 0 0 rg BT 72.41 118.85 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 131.30 118.85 Td (environments. ) Tj ET Q q 0 0 0 rg BT 184.78 118.85 Td (The ) Tj ET Q q 0 0 0 rg BT 201.19 118.85 Td (following ) Tj ET Q q 0 0 0 rg BT 238.60 118.85 Td (risks ) Tj ET Q q 0 0 0 rg BT 258.02 118.85 Td (relate ) Tj ET Q q 0 0 0 rg BT 280.42 118.85 Td (principally ) Tj ET Q q 0 0 0 rg BT 321.83 118.85 Td (to ) Tj ET Q q 0 0 0 rg BT 331.24 118.85 Td (the ) Tj ET Q q 0 0 0 rg BT 344.66 118.85 Td (industry ) Tj ET Q q 0 0 0 rg BT 376.57 118.85 Td (in ) Tj ET Q q 0 0 0 rg BT 385.99 118.85 Td (which ) Tj ET Q q 0 0 0 rg BT 410.40 118.85 Td (we ) Tj ET Q q 0 0 0 rg BT 423.31 118.85 Td (operate ) Tj ET Q q 0 0 0 rg BT 452.21 118.85 Td (and ) Tj ET Q q 0 0 0 rg BT 467.62 118.85 Td (our ) Tj ET Q q 0 0 0 rg BT 482.04 118.85 Td (business ) Tj ET Q q 0 0 0 rg BT 514.96 118.85 Td (in ) Tj ET Q q 0 0 0 rg BT 524.37 118.85 Td (general. ) Tj ET Q q 0 0 0 rg BT 555.52 118.85 Td (Other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 108.05 Td (risks ) Tj ET Q q 0 0 0 rg BT 55.09 108.05 Td (relate ) Tj ET Q q 0 0 0 rg BT 77.16 108.05 Td (principally ) Tj ET Q q 0 0 0 rg BT 118.23 108.05 Td (to ) Tj ET Q q 0 0 0 rg BT 127.32 108.05 Td (the ) Tj ET Q q 0 0 0 rg BT 140.41 108.05 Td (market ) Tj ET Q q 0 0 0 rg BT 167.48 108.05 Td (and ) Tj ET Q q 0 0 0 rg BT 182.56 108.05 Td (ownership ) Tj ET Q q 0 0 0 rg BT 222.14 108.05 Td (of ) Tj ET Q q 0 0 0 rg BT 231.73 108.05 Td (our ) Tj ET Q q 0 0 0 rg BT 245.81 108.05 Td (securities. ) Tj ET Q q 0 0 0 rg BT 283.99 108.05 Td (The ) Tj ET Q q 0 0 0 rg BT 300.07 108.05 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 341.62 108.05 Td (of ) Tj ET Q q 0 0 0 rg BT 351.21 108.05 Td (any ) Tj ET Q q 0 0 0 rg BT 366.29 108.05 Td (of ) Tj ET Q q 0 0 0 rg BT 375.87 108.05 Td (the ) Tj ET Q q 0 0 0 rg BT 388.95 108.05 Td (events ) Tj ET Q q 0 0 0 rg BT 414.03 108.05 Td (described ) Tj ET Q q 0 0 0 rg BT 450.60 108.05 Td (in ) Tj ET Q q 0 0 0 rg BT 459.69 108.05 Td (this ) Tj ET Q q 0 0 0 rg BT 474.78 108.05 Td (section ) Tj ET Q q 0 0 0 rg BT 502.36 108.05 Td (could ) Tj ET Q q 0 0 0 rg BT 524.45 108.05 Td (materially ) Tj ET Q q 0 0 0 rg BT 563.02 108.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 97.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 75.93 97.25 Td (af) Tj ET Q q 0 0 0 rg BT 82.76 97.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 98.69 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.13 97.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 148.33 97.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.25 97.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 220.95 97.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 257.38 97.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 285.57 97.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.00 97.25 Td (available ) Tj ET Q q 0 0 0 rg BT 338.93 97.25 Td (for ) Tj ET Q q 0 0 0 rg BT 351.87 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.31 97.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 398.74 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.68 97.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 448.38 97.25 Td (or ) Tj ET Q q 0 0 0 rg BT 458.32 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.76 97.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 499.69 97.25 Td (price ) Tj ET Q q 0 0 0 rg BT 520.12 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.07 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 544.51 97.25 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 86.45 Td (shares. ) Tj ET Q q 0 0 0 rg BT 63.55 86.45 Td (Unless ) Tj ET Q q 0 0 0 rg BT 90.85 86.45 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 128.64 86.45 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 166.68 86.45 Td (all ) Tj ET Q q 0 0 0 rg BT 178.48 86.45 Td (information ) Tj ET Q q 0 0 0 rg BT 223.78 86.45 Td (concerning ) Tj ET Q q 0 0 0 rg BT 266.57 86.45 Td (our ) Tj ET Q q 0 0 0 rg BT 281.37 86.45 Td (business ) Tj ET Q q 0 0 0 rg BT 314.67 86.45 Td (and ) Tj ET Q q 0 0 0 rg BT 330.47 86.45 Td (our ) Tj ET Q q 0 0 0 rg BT 345.28 86.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.08 86.45 Td (is ) Tj ET Q q 0 0 0 rg BT 377.89 86.45 Td (as ) Tj ET Q q 0 0 0 rg BT 388.19 86.45 Td (of ) Tj ET Q q 0 0 0 rg BT 398.49 86.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.29 86.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 454.57 86.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.57 86.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.82 86.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.63 86.45 Td (The ) Tj ET Q q 0 0 0 rg BT 494.43 86.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 514.23 86.45 Td (and ) Tj ET Q q 0 0 0 rg BT 530.03 86.45 Td (uncertainties ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 75.65 Td (described ) Tj ET Q q 0 0 0 rg BT 72.73 75.65 Td (below ) Tj ET Q q 0 0 0 rg BT 96.97 75.65 Td (are ) Tj ET Q q 0 0 0 rg BT 110.20 75.65 Td (not ) Tj ET Q q 0 0 0 rg BT 123.95 75.65 Td (the ) Tj ET Q q 0 0 0 rg BT 137.19 75.65 Td (only ) Tj ET Q q 0 0 0 rg BT 155.44 75.65 Td (ones ) Tj ET Q q 0 0 0 rg BT 174.18 75.65 Td (we ) Tj ET Q q 0 0 0 rg BT 186.92 75.65 Td (face. ) Tj ET Q q 0 0 0 rg BT 205.91 75.65 Td (Additional ) Tj ET Q q 0 0 0 rg BT 246.65 75.65 Td (risks ) Tj ET Q q 0 0 0 rg BT 265.90 75.65 Td (and ) Tj ET Q q 0 0 0 rg BT 281.14 75.65 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 329.37 75.65 Td (not ) Tj ET Q q 0 0 0 rg BT 343.11 75.65 Td (presently ) Tj ET Q q 0 0 0 rg BT 378.35 75.65 Td (known ) Tj ET Q q 0 0 0 rg BT 405.10 75.65 Td (to ) Tj ET Q q 0 0 0 rg BT 414.34 75.65 Td (us ) Tj ET Q q 0 0 0 rg BT 424.59 75.65 Td (or ) Tj ET Q q 0 0 0 rg BT 434.34 75.65 Td (that ) Tj ET Q q 0 0 0 rg BT 450.08 75.65 Td (we ) Tj ET Q q 0 0 0 rg BT 462.82 75.65 Td (currently ) Tj ET Q q 0 0 0 rg BT 497.55 75.65 Td (deem ) Tj ET Q q 0 0 0 rg BT 519.29 75.65 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 560.52 75.65 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 64.85 Td (also ) Tj ET Q q 0 0 0 rg BT 52.75 64.85 Td (impair ) Tj ET Q q 0 0 0 rg BT 78.49 64.85 Td (our ) Tj ET Q q 0 0 0 rg BT 92.74 64.85 Td (business ) Tj ET Q q 0 0 0 rg BT 125.49 64.85 Td (operations.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 25.30 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 128.88 749.25 Td ( Company) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.49 721.65 Td (business ) Tj ET Q q 0 0 0 rg BT 87.49 721.65 Td (in ) Tj ET Q q 0 0 0 rg BT 97.48 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 111.47 721.65 Td (of) Tj ET Q q 0 0 0 rg BT 118.80 721.65 Td (fshore ) Tj ET Q q 0 0 0 rg BT 144.79 721.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 174.79 721.65 Td (sector ) Tj ET Q q 0 0 0 rg BT 199.27 721.65 Td (depends ) Tj ET Q q 0 0 0 rg BT 231.75 721.65 Td (on ) Tj ET Q q 0 0 0 rg BT 243.74 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 257.72 721.65 Td (level ) Tj ET Q q 0 0 0 rg BT 277.19 721.65 Td (of ) Tj ET Q q 0 0 0 rg BT 287.18 721.65 Td (activity ) Tj ET Q q 0 0 0 rg BT 316.15 721.65 Td (in ) Tj ET Q q 0 0 0 rg BT 326.14 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 340.13 721.65 Td (of) Tj ET Q q 0 0 0 rg BT 347.46 721.65 Td (fshore ) Tj ET Q q 0 0 0 rg BT 373.45 721.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 385.43 721.65 Td (and ) Tj ET Q q 0 0 0 rg BT 401.92 721.65 Td (gas ) Tj ET Q q 0 0 0 rg BT 416.91 721.65 Td (industry) Tj ET Q q 0 0 0 rg BT 447.09 721.65 Td (, ) Tj ET Q q 0 0 0 rg BT 451.82 721.65 Td (which ) Tj ET Q q 0 0 0 rg BT 476.82 721.65 Td (is ) Tj ET Q q 0 0 0 rg BT 485.31 721.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 533.79 721.65 Td (af) Tj ET Q q 0 0 0 rg BT 541.13 721.65 Td (fected ) Tj ET Q q 0 0 0 rg BT 565.60 721.65 Td (by) Tj ET Q q 0 0 0 rg BT 573.76 721.65 Td (, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 710.85 Td (among ) Tj ET Q q 0 0 0 rg BT 63.76 710.85 Td (other ) Tj ET Q q 0 0 0 rg BT 85.51 710.85 Td (things, ) Tj ET Q q 0 0 0 rg BT 113.02 710.85 Td (volatile ) Tj ET Q q 0 0 0 rg BT 142.26 710.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.02 710.85 Td (and ) Tj ET Q q 0 0 0 rg BT 170.27 710.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 185.02 710.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 209.27 710.85 Td (and ) Tj ET Q q 0 0 0 rg BT 225.52 710.85 Td (may ) Tj ET Q q 0 0 0 rg BT 243.27 710.85 Td (be ) Tj ET Q q 0 0 0 rg BT 254.01 710.85 Td (materially ) Tj ET Q q 0 0 0 rg BT 293.76 710.85 Td (and ) Tj ET Q q 0 0 0 rg BT 310.01 710.85 Td (adversely ) Tj ET Q q 0 0 0 rg BT 346.75 710.85 Td (af) Tj ET Q q 0 0 0 rg BT 354.08 710.85 Td (fected ) Tj ET Q q 0 0 0 rg BT 378.31 710.85 Td (by ) Tj ET Q q 0 0 0 rg BT 389.06 710.85 Td (a ) Tj ET Q q 0 0 0 rg BT 395.81 710.85 Td (decline ) Tj ET Q q 0 0 0 rg BT 424.55 710.85 Td (in ) Tj ET Q q 0 0 0 rg BT 434.30 710.85 Td (the ) Tj ET Q q 0 0 0 rg BT 448.05 710.85 Td (of) Tj ET Q q 0 0 0 rg BT 455.39 710.85 Td (fshore ) Tj ET Q q 0 0 0 rg BT 481.14 710.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 492.89 710.85 Td (and ) Tj ET Q q 0 0 0 rg BT 509.15 710.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 523.90 710.85 Td (industry) Tj ET Q q 0 0 0 rg BT 554.08 710.85 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.06 697.05 Td (of) Tj ET Q q 0 0 0 rg BT 59.40 697.05 Td (fshore ) Tj ET Q q 0 0 0 rg BT 83.96 697.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 115.01 697.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 143.57 697.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 175.14 697.05 Td (is ) Tj ET Q q 0 0 0 rg BT 183.22 697.05 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 213.26 697.05 Td (and ) Tj ET Q q 0 0 0 rg BT 228.33 697.05 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 259.64 697.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 275.70 697.05 Td (business ) Tj ET Q q 0 0 0 rg BT 308.27 697.05 Td (in ) Tj ET Q q 0 0 0 rg BT 317.34 697.05 Td (the ) Tj ET Q q 0 0 0 rg BT 330.41 697.05 Td (of) Tj ET Q q 0 0 0 rg BT 337.74 697.05 Td (fshore ) Tj ET Q q 0 0 0 rg BT 362.30 697.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.87 697.05 Td (sector ) Tj ET Q q 0 0 0 rg BT 414.43 697.05 Td (depends ) Tj ET Q q 0 0 0 rg BT 445.99 697.05 Td (on ) Tj ET Q q 0 0 0 rg BT 457.06 697.05 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 697.05 Td (level ) Tj ET Q q 0 0 0 rg BT 489.68 697.05 Td (of ) Tj ET Q q 0 0 0 rg BT 499.25 697.05 Td (activity ) Tj ET Q q 0 0 0 rg BT 528.31 697.05 Td (in ) Tj ET Q q 0 0 0 rg BT 537.38 697.05 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.95 697.05 Td (and ) Tj ET Q q 0 0 0 rg BT 564.01 697.05 Td (gas ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.25 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 82.71 686.25 Td (development ) Tj ET Q q 0 0 0 rg BT 132.67 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.14 686.25 Td (production ) Tj ET Q q 0 0 0 rg BT 191.60 686.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.07 686.25 Td (of) Tj ET Q q 0 0 0 rg BT 209.41 686.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 235.37 686.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 257.33 686.25 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 301.29 686.25 Td (The ) Tj ET Q q 0 0 0 rg BT 318.76 686.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 362.72 686.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.69 686.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 402.16 686.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 432.13 686.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 471.84 686.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 516.30 686.25 Td (success, ) Tj ET Q q 0 0 0 rg BT 549.02 686.25 Td (relative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 675.45 Td (production ) Tj ET Q q 0 0 0 rg BT 77.81 675.45 Td (costs, ) Tj ET Q q 0 0 0 rg BT 100.87 675.45 Td (the ) Tj ET Q q 0 0 0 rg BT 114.68 675.45 Td (stage ) Tj ET Q q 0 0 0 rg BT 135.99 675.45 Td (of ) Tj ET Q q 0 0 0 rg BT 146.30 675.45 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 181.10 675.45 Td (development ) Tj ET Q q 0 0 0 rg BT 230.40 675.45 Td (and ) Tj ET Q q 0 0 0 rg BT 246.21 675.45 Td (political ) Tj ET Q q 0 0 0 rg BT 278.52 675.45 Td (and ) Tj ET Q q 0 0 0 rg BT 294.33 675.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 334.13 675.45 Td (environments ) Tj ET Q q 0 0 0 rg BT 385.93 675.45 Td (af) Tj ET Q q 0 0 0 rg BT 392.76 675.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 409.06 675.45 Td (our ) Tj ET Q q 0 0 0 rg BT 423.87 675.45 Td (customers) Tj ET Q q 0 0 0 rg BT 462.69 675.45 Td ( ) Tj ET Q q 0 0 0 rg BT 465.51 675.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 494.82 675.45 Td (programs. ) Tj ET Q q 0 0 0 rg BT 533.88 675.45 Td (Oil ) Tj ET Q q 0 0 0 rg BT 548.20 675.45 Td (and ) Tj ET Q q 0 0 0 rg BT 564.01 675.45 Td (gas ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 664.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 59.74 664.65 Td (and ) Tj ET Q q 0 0 0 rg BT 74.98 664.65 Td (market ) Tj ET Q q 0 0 0 rg BT 102.22 664.65 Td (expectations ) Tj ET Q q 0 0 0 rg BT 149.45 664.65 Td (of ) Tj ET Q q 0 0 0 rg BT 159.20 664.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 192.94 664.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 224.18 664.65 Td (in ) Tj ET Q q 0 0 0 rg BT 233.43 664.65 Td (these ) Tj ET Q q 0 0 0 rg BT 254.17 664.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 277.91 664.65 Td (also ) Tj ET Q q 0 0 0 rg BT 294.66 664.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 341.90 664.65 Td (af) Tj ET Q q 0 0 0 rg BT 348.73 664.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 364.46 664.65 Td (the ) Tj ET Q q 0 0 0 rg BT 377.71 664.65 Td (level ) Tj ET Q q 0 0 0 rg BT 397.45 664.65 Td (of ) Tj ET Q q 0 0 0 rg BT 407.20 664.65 Td (activity ) Tj ET Q q 0 0 0 rg BT 436.44 664.65 Td (and ) Tj ET Q q 0 0 0 rg BT 451.68 664.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 482.42 664.65 Td (for ) Tj ET Q q 0 0 0 rg BT 495.17 664.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 523.92 664.65 Td (units.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 637.05 Td (Oil ) Tj ET Q q 0 0 0 rg BT 49.75 637.05 Td (and ) Tj ET Q q 0 0 0 rg BT 65.00 637.05 Td (gas ) Tj ET Q q 0 0 0 rg BT 79.24 637.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 102.98 637.05 Td (are ) Tj ET Q q 0 0 0 rg BT 116.22 637.05 Td (extremely ) Tj ET Q q 0 0 0 rg BT 154.45 637.05 Td (volatile ) Tj ET Q q 0 0 0 rg BT 183.69 637.05 Td (and ) Tj ET Q q 0 0 0 rg BT 198.94 637.05 Td (are ) Tj ET Q q 0 0 0 rg BT 212.17 637.05 Td (af) Tj ET Q q 0 0 0 rg BT 219.00 637.05 Td (fected ) Tj ET Q q 0 0 0 rg BT 243.23 637.05 Td (by ) Tj ET Q q 0 0 0 rg BT 254.48 637.05 Td (numerous ) Tj ET Q q 0 0 0 rg BT 292.23 637.05 Td (factors ) Tj ET Q q 0 0 0 rg BT 318.96 637.05 Td (beyond ) Tj ET Q q 0 0 0 rg BT 347.71 637.05 Td (our ) Tj ET Q q 0 0 0 rg BT 361.96 637.05 Td (control, ) Tj ET Q q 0 0 0 rg BT 391.95 637.05 Td (including, ) Tj ET Q q 0 0 0 rg BT 430.44 637.05 Td (but ) Tj ET Q q 0 0 0 rg BT 444.19 637.05 Td (not ) Tj ET Q q 0 0 0 rg BT 457.95 637.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 485.69 637.05 Td (to, ) Tj ET Q q 0 0 0 rg BT 497.19 637.05 Td (the ) Tj ET Q q 0 0 0 rg BT 510.44 637.05 Td (following:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 623.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 623.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 112.74 623.25 Td (production ) Tj ET Q q 0 0 0 rg BT 153.98 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.23 623.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 199.97 623.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.71 623.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 224.46 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.71 623.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 253.96 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.20 623.25 Td (geographical ) Tj ET Q q 0 0 0 rg BT 317.93 623.25 Td (dislocations ) Tj ET Q q 0 0 0 rg BT 363.17 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.42 623.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 398.68 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.92 623.25 Td (demand;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 609.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 609.45 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 609.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 101.99 609.45 Td (of ) Tj ET Q q 0 0 0 rg BT 111.74 609.45 Td (exploring ) Tj ET Q q 0 0 0 rg BT 148.48 609.45 Td (for) Tj ET Q q 0 0 0 rg BT 158.62 609.45 Td (, ) Tj ET Q q 0 0 0 rg BT 163.12 609.45 Td (developing, ) Tj ET Q q 0 0 0 rg BT 207.61 609.45 Td (producing ) Tj ET Q q 0 0 0 rg BT 246.35 609.45 Td (and ) Tj ET Q q 0 0 0 rg BT 261.59 609.45 Td (delivering ) Tj ET Q q 0 0 0 rg BT 300.33 609.45 Td (oil ) Tj ET Q q 0 0 0 rg BT 312.08 609.45 Td (and ) Tj ET Q q 0 0 0 rg BT 327.33 609.45 Td (gas;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 595.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 595.65 Td (expectations ) Tj ET Q q 0 0 0 rg BT 119.23 595.65 Td (regarding ) Tj ET Q q 0 0 0 rg BT 155.97 595.65 Td (future ) Tj ET Q q 0 0 0 rg BT 179.71 595.65 Td (ener) Tj ET Q q 0 0 0 rg BT 195.03 595.65 Td (gy ) Tj ET Q q 0 0 0 rg BT 206.28 595.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 230.02 595.65 Td (and ) Tj ET Q q 0 0 0 rg BT 245.26 595.65 Td (production;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 581.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 581.85 Td (advances ) Tj ET Q q 0 0 0 rg BT 107.23 581.85 Td (in ) Tj ET Q q 0 0 0 rg BT 116.48 581.85 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 161.97 581.85 Td (development ) Tj ET Q q 0 0 0 rg BT 210.70 581.85 Td (and ) Tj ET Q q 0 0 0 rg BT 225.95 581.85 Td (production ) Tj ET Q q 0 0 0 rg BT 267.19 581.85 Td (technology;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 568.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 568.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 568.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 110.49 568.05 Td (of ) Tj ET Q q 0 0 0 rg BT 120.24 568.05 Td (the ) Tj ET Q q 0 0 0 rg BT 133.48 568.05 Td (Or) Tj ET Q q 0 0 0 rg BT 142.82 568.05 Td (ganization ) Tj ET Q q 0 0 0 rg BT 182.55 568.05 Td (of ) Tj ET Q q 0 0 0 rg BT 192.30 568.05 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 231.54 568.05 Td (Exporting ) Tj ET Q q 0 0 0 rg BT 269.79 568.05 Td (Countries, ) Tj ET Q q 0 0 0 rg BT 309.29 568.05 Td (or ) Tj ET Q q 0 0 0 rg BT 319.03 568.05 Td (OPEC, ) Tj ET Q q 0 0 0 rg BT 346.54 568.05 Td (to ) Tj ET Q q 0 0 0 rg BT 355.79 568.05 Td (set ) Tj ET Q q 0 0 0 rg BT 368.04 568.05 Td (and ) Tj ET Q q 0 0 0 rg BT 383.28 568.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 417.02 568.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 440.27 568.05 Td (and ) Tj ET Q q 0 0 0 rg BT 455.51 568.05 Td (pricing;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 554.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 554.25 Td (level ) Tj ET Q q 0 0 0 rg BT 104.99 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.73 554.25 Td (production ) Tj ET Q q 0 0 0 rg BT 155.98 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.23 554.25 Td (non-OPEC ) Tj ET Q q 0 0 0 rg BT 206.98 554.25 Td (countries;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 540.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 540.45 Td (international ) Tj ET Q q 0 0 0 rg BT 119.73 540.45 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 155.48 540.45 Td (on ) Tj ET Q q 0 0 0 rg BT 166.73 540.45 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 217.97 540.45 Td (countries, ) Tj ET Q q 0 0 0 rg BT 255.46 540.45 Td (or ) Tj ET Q q 0 0 0 rg BT 265.21 540.45 Td (the ) Tj ET Q q 0 0 0 rg BT 278.45 540.45 Td (lifting ) Tj ET Q q 0 0 0 rg BT 302.70 540.45 Td (of ) Tj ET Q q 0 0 0 rg BT 312.45 540.45 Td (such ) Tj ET Q q 0 0 0 rg BT 331.19 540.45 Td (sanctions;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 526.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 526.65 Td (government ) Tj ET Q q 0 0 0 rg BT 117.24 526.65 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 161.73 526.65 Td (including ) Tj ET Q q 0 0 0 rg BT 197.97 526.65 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 240.21 526.65 Td (on ) Tj ET Q q 0 0 0 rg BT 251.46 526.65 Td (of) Tj ET Q q 0 0 0 rg BT 258.80 526.65 Td (fshore ) Tj ET Q q 0 0 0 rg BT 283.54 526.65 Td (transportation ) Tj ET Q q 0 0 0 rg BT 335.78 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 345.52 526.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 357.28 526.65 Td (and ) Tj ET Q q 0 0 0 rg BT 372.52 526.65 Td (natural ) Tj ET Q q 0 0 0 rg BT 399.76 526.65 Td (gas;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 512.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 512.85 Td (local ) Tj ET Q q 0 0 0 rg BT 91.74 512.85 Td (and ) Tj ET Q q 0 0 0 rg BT 106.98 512.85 Td (international ) Tj ET Q q 0 0 0 rg BT 154.72 512.85 Td (political, ) Tj ET Q q 0 0 0 rg BT 188.71 512.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 225.94 512.85 Td (and ) Tj ET Q q 0 0 0 rg BT 241.19 512.85 Td (weather ) Tj ET Q q 0 0 0 rg BT 271.92 512.85 Td (conditions;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 499.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 499.05 Td (domestic ) Tj ET Q q 0 0 0 rg BT 106.74 499.05 Td (and ) Tj ET Q q 0 0 0 rg BT 121.99 499.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 150.23 499.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 163.47 499.05 Td (policies;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 485.25 Td (development ) Tj ET Q q 0 0 0 rg BT 133.98 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.23 485.25 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 194.47 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.21 485.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 244.44 485.25 Td (fuels ) Tj ET Q q 0 0 0 rg BT 264.19 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.43 485.25 Td (unconventional ) Tj ET Q q 0 0 0 rg BT 337.17 485.25 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 384.90 485.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 428.39 485.25 Td (including ) Tj ET Q q 0 0 0 rg BT 464.64 485.25 Td (shale;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 471.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 471.45 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 112.74 471.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 149.98 471.45 Td (and ) Tj ET Q q 0 0 0 rg BT 165.22 471.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.95 471.45 Td (problems ) Tj ET Q q 0 0 0 rg BT 234.70 471.45 Td (and ) Tj ET Q q 0 0 0 rg BT 249.94 471.45 Td (the ) Tj ET Q q 0 0 0 rg BT 263.19 471.45 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 316.92 471.45 Td (decline ) Tj ET Q q 0 0 0 rg BT 345.16 471.45 Td (in ) Tj ET Q q 0 0 0 rg BT 354.41 471.45 Td (the ) Tj ET Q q 0 0 0 rg BT 367.66 471.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 398.40 471.45 Td (for ) Tj ET Q q 0 0 0 rg BT 411.14 471.45 Td (oil ) Tj ET Q q 0 0 0 rg BT 422.89 471.45 Td (and ) Tj ET Q q 0 0 0 rg BT 438.13 471.45 Td (gas ) Tj ET Q q 0 0 0 rg BT 452.38 471.45 Td (and, ) Tj ET Q q 0 0 0 rg BT 469.88 471.45 Td (consequently) Tj ET Q q 0 0 0 rg BT 516.78 471.45 Td (, ) Tj ET Q q 0 0 0 rg BT 521.28 471.45 Td (our ) Tj ET Q q 0 0 0 rg BT 535.53 471.45 Td (services;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 457.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 457.65 Td (the ) Tj ET Q q 0 0 0 rg BT 84.80 457.65 Td (policies ) Tj ET Q q 0 0 0 rg BT 114.60 457.65 Td (of ) Tj ET Q q 0 0 0 rg BT 123.90 457.65 Td (various ) Tj ET Q q 0 0 0 rg BT 152.20 457.65 Td (governments ) Tj ET Q q 0 0 0 rg BT 200.50 457.65 Td (regarding ) Tj ET Q q 0 0 0 rg BT 236.78 457.65 Td (the ) Tj ET Q q 0 0 0 rg BT 249.58 457.65 Td (exploration ) Tj ET Q q 0 0 0 rg BT 292.38 457.65 Td (and ) Tj ET Q q 0 0 0 rg BT 307.18 457.65 Td (development ) Tj ET Q q 0 0 0 rg BT 355.47 457.65 Td (of ) Tj ET Q q 0 0 0 rg BT 364.77 457.65 Td (their ) Tj ET Q q 0 0 0 rg BT 383.07 457.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 394.37 457.65 Td (and ) Tj ET Q q 0 0 0 rg BT 409.17 457.65 Td (gas ) Tj ET Q q 0 0 0 rg BT 422.98 457.65 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 456.51 457.65 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 494.05 457.65 Td (severe ) Tj ET Q q 0 0 0 rg BT 518.84 457.65 Td (weather) Tj ET Q q 0 0 0 rg BT 546.96 457.65 Td (, ) Tj ET Q q 0 0 0 rg BT 551.02 457.65 Td (natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 446.85 Td (disasters ) Tj ET Q q 0 0 0 rg BT 105.24 446.85 Td (and ) Tj ET Q q 0 0 0 rg BT 120.49 446.85 Td (other ) Tj ET Q q 0 0 0 rg BT 141.23 446.85 Td (similar ) Tj ET Q q 0 0 0 rg BT 168.48 446.85 Td (incidents ) Tj ET Q q 0 0 0 rg BT 203.22 446.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 232.96 446.85 Td (to ) Tj ET Q q 0 0 0 rg BT 242.21 446.85 Td (the ) Tj ET Q q 0 0 0 rg BT 255.45 446.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 267.21 446.85 Td (and ) Tj ET Q q 0 0 0 rg BT 282.45 446.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 296.70 446.85 Td (industry; ) Tj ET Q q 0 0 0 rg BT 330.95 446.85 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 433.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 433.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.46 433.05 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 126.42 433.05 Td (political ) Tj ET Q q 0 0 0 rg BT 158.37 433.05 Td (and ) Tj ET Q q 0 0 0 rg BT 173.83 433.05 Td (military ) Tj ET Q q 0 0 0 rg BT 204.79 433.05 Td (environment, ) Tj ET Q q 0 0 0 rg BT 254.99 433.05 Td (including ) Tj ET Q q 0 0 0 rg BT 291.45 433.05 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 334.40 433.05 Td (or ) Tj ET Q q 0 0 0 rg BT 344.36 433.05 Td (instability ) Tj ET Q q 0 0 0 rg BT 382.82 433.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 416.78 433.05 Td (from ) Tj ET Q q 0 0 0 rg BT 436.74 433.05 Td (an ) Tj ET Q q 0 0 0 rg BT 447.70 433.05 Td (escalation ) Tj ET Q q 0 0 0 rg BT 486.15 433.05 Td (or ) Tj ET Q q 0 0 0 rg BT 496.11 433.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 534.57 433.05 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 568.52 433.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 422.25 Td (armed ) Tj ET Q q 0 0 0 rg BT 96.65 422.25 Td (hostilities ) Tj ET Q q 0 0 0 rg BT 133.81 422.25 Td (or ) Tj ET Q q 0 0 0 rg BT 143.47 422.25 Td (other ) Tj ET Q q 0 0 0 rg BT 164.12 422.25 Td (crises ) Tj ET Q q 0 0 0 rg BT 186.77 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 195.93 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.09 422.25 Td (Middle ) Tj ET Q q 0 0 0 rg BT 237.25 422.25 Td (East, ) Tj ET Q q 0 0 0 rg BT 257.15 422.25 Td (eastern ) Tj ET Q q 0 0 0 rg BT 284.79 422.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 312.94 422.25 Td (or ) Tj ET Q q 0 0 0 rg BT 322.60 422.25 Td (other ) Tj ET Q q 0 0 0 rg BT 343.25 422.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 385.40 422.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 406.04 422.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.70 422.25 Td (further ) Tj ET Q q 0 0 0 rg BT 442.34 422.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 458.49 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.15 422.25 Td (terrorism ) Tj ET Q q 0 0 0 rg BT 503.30 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.46 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.62 422.25 Td (United ) Tj ET Q q 0 0 0 rg BT 552.27 422.25 Td (States, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 411.45 Td (Europe ) Tj ET Q q 0 0 0 rg BT 100.24 411.45 Td (or ) Tj ET Q q 0 0 0 rg BT 109.99 411.45 Td (elsewhere.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.85 Td (In ) Tj ET Q q 0 0 0 rg BT 45.75 383.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 77.49 383.85 Td (to ) Tj ET Q q 0 0 0 rg BT 86.74 383.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.49 383.85 Td (and ) Tj ET Q q 0 0 0 rg BT 113.74 383.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 127.99 383.85 Td (prices, ) Tj ET Q q 0 0 0 rg BT 153.98 383.85 Td (the ) Tj ET Q q 0 0 0 rg BT 167.22 383.85 Td (of) Tj ET Q q 0 0 0 rg BT 174.56 383.85 Td (fshore ) Tj ET Q q 0 0 0 rg BT 199.30 383.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 228.05 383.85 Td (industry ) Tj ET Q q 0 0 0 rg BT 259.80 383.85 Td (is ) Tj ET Q q 0 0 0 rg BT 268.05 383.85 Td (influenced ) Tj ET Q q 0 0 0 rg BT 308.28 383.85 Td (by ) Tj ET Q q 0 0 0 rg BT 319.53 383.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 357.77 383.85 Td (factors, ) Tj ET Q q 0 0 0 rg BT 386.76 383.85 Td (including:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 370.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 370.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 370.05 Td (availability ) Tj ET Q q 0 0 0 rg BT 127.98 370.05 Td (of ) Tj ET Q q 0 0 0 rg BT 137.73 370.05 Td (competing ) Tj ET Q q 0 0 0 rg BT 177.97 370.05 Td (of) Tj ET Q q 0 0 0 rg BT 185.30 370.05 Td (fshore ) Tj ET Q q 0 0 0 rg BT 210.05 370.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 238.79 370.05 Td (units;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 356.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 356.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 127.98 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.73 356.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 155.47 356.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 191.71 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 202.96 356.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 243.69 356.25 Td (terms;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 342.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 342.45 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 342.45 Td (level ) Tj ET Q q 0 0 0 rg BT 104.99 342.45 Td (of ) Tj ET Q q 0 0 0 rg BT 114.73 342.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 134.98 342.45 Td (for ) Tj ET Q q 0 0 0 rg BT 147.73 342.45 Td (associated ) Tj ET Q q 0 0 0 rg BT 186.96 342.45 Td (of) Tj ET Q q 0 0 0 rg BT 194.30 342.45 Td (fshore ) Tj ET Q q 0 0 0 rg BT 219.04 342.45 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 247.28 342.45 Td (and ) Tj ET Q q 0 0 0 rg BT 262.52 342.45 Td (construction ) Tj ET Q q 0 0 0 rg BT 309.27 342.45 Td (services;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 328.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 328.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 83.75 328.65 Td (and ) Tj ET Q q 0 0 0 rg BT 99.00 328.65 Td (gas ) Tj ET Q q 0 0 0 rg BT 113.24 328.65 Td (transportation ) Tj ET Q q 0 0 0 rg BT 165.48 328.65 Td (costs;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 314.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 314.85 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 314.85 Td (level ) Tj ET Q q 0 0 0 rg BT 104.99 314.85 Td (of ) Tj ET Q q 0 0 0 rg BT 114.73 314.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 126.98 314.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 163.22 314.85 Td (costs, ) Tj ET Q q 0 0 0 rg BT 185.72 314.85 Td (including ) Tj ET Q q 0 0 0 rg BT 221.96 314.85 Td (crew ) Tj ET Q q 0 0 0 rg BT 241.70 314.85 Td (and ) Tj ET Q q 0 0 0 rg BT 256.94 314.85 Td (maintenance;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 301.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 301.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 301.05 Td (discovery ) Tj ET Q q 0 0 0 rg BT 122.48 301.05 Td (of ) Tj ET Q q 0 0 0 rg BT 132.23 301.05 Td (new ) Tj ET Q q 0 0 0 rg BT 149.48 301.05 Td (oil ) Tj ET Q q 0 0 0 rg BT 161.23 301.05 Td (and ) Tj ET Q q 0 0 0 rg BT 176.47 301.05 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.72 301.05 Td (reserves;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 287.25 Td (political ) Tj ET Q q 0 0 0 rg BT 116.99 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.23 287.25 Td (military ) Tj ET Q q 0 0 0 rg BT 162.98 287.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 210.71 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.46 287.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 232.21 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.46 287.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 261.70 287.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 289.93 287.25 Td (jurisdictions; ) Tj ET Q q 0 0 0 rg BT 339.18 287.25 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 273.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 273.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 111.23 273.45 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 153.47 273.45 Td (on ) Tj ET Q q 0 0 0 rg BT 164.72 273.45 Td (of) Tj ET Q q 0 0 0 rg BT 172.06 273.45 Td (fshore ) Tj ET Q q 0 0 0 rg BT 196.80 273.45 Td (drilling.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 245.85 Td (Any ) Tj ET Q q 0 0 0 rg BT 53.75 245.85 Td (of ) Tj ET Q q 0 0 0 rg BT 63.50 245.85 Td (these ) Tj ET Q q 0 0 0 rg BT 84.24 245.85 Td (factors ) Tj ET Q q 0 0 0 rg BT 110.98 245.85 Td (could ) Tj ET Q q 0 0 0 rg BT 133.22 245.85 Td (reduce ) Tj ET Q q 0 0 0 rg BT 159.45 245.85 Td (demand ) Tj ET Q q 0 0 0 rg BT 190.19 245.85 Td (for ) Tj ET Q q 0 0 0 rg BT 202.94 245.85 Td (our ) Tj ET Q q 0 0 0 rg BT 217.18 245.85 Td (services ) Tj ET Q q 0 0 0 rg BT 248.42 245.85 Td (and ) Tj ET Q q 0 0 0 rg BT 263.66 245.85 Td (adversely ) Tj ET Q q 0 0 0 rg BT 300.40 245.85 Td (af) Tj ET Q q 0 0 0 rg BT 307.23 245.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 322.96 245.85 Td (our ) Tj ET Q q 0 0 0 rg BT 337.21 245.85 Td (business ) Tj ET Q q 0 0 0 rg BT 369.96 245.85 Td (and ) Tj ET Q q 0 0 0 rg BT 385.21 245.85 Td (results ) Tj ET Q q 0 0 0 rg BT 410.95 245.85 Td (of ) Tj ET Q q 0 0 0 rg BT 420.70 245.85 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 218.25 Td (The ) Tj ET Q q 0 0 0 rg BT 52.48 218.25 Td (current ) Tj ET Q q 0 0 0 rg BT 81.96 218.25 Td (downturn ) Tj ET Q q 0 0 0 rg BT 119.96 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.44 218.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 157.91 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.39 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.87 218.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 192.35 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.34 218.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 222.82 218.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 252.31 218.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 284.79 218.25 Td (has ) Tj ET Q q 0 0 0 rg BT 299.78 218.25 Td (had ) Tj ET Q q 0 0 0 rg BT 315.77 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.75 218.25 Td (is ) Tj ET Q q 0 0 0 rg BT 339.73 218.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 361.70 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.68 218.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 405.16 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.14 218.25 Td (have ) Tj ET Q q 0 0 0 rg BT 433.62 218.25 Td (an ) Tj ET Q q 0 0 0 rg BT 445.10 218.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 475.07 218.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 502.04 218.25 Td (on ) Tj ET Q q 0 0 0 rg BT 513.53 218.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.51 218.25 Td (business ) Tj ET Q q 0 0 0 rg BT 562.00 218.25 Td (and ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 207.45 Td (results ) Tj ET Q q 0 0 0 rg BT 62.76 207.45 Td (of ) Tj ET Q q 0 0 0 rg BT 72.51 207.45 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 193.65 Td (The ) Tj ET Q q 0 0 0 rg BT 52.45 193.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 64.40 193.65 Td (and ) Tj ET Q q 0 0 0 rg BT 79.85 193.65 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.30 193.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 123.25 193.65 Td (industry ) Tj ET Q q 0 0 0 rg BT 155.20 193.65 Td (is ) Tj ET Q q 0 0 0 rg BT 163.66 193.65 Td (cyclical, ) Tj ET Q q 0 0 0 rg BT 196.34 193.65 Td (and ) Tj ET Q q 0 0 0 rg BT 211.79 193.65 Td (the ) Tj ET Q q 0 0 0 rg BT 225.24 193.65 Td (industry ) Tj ET Q q 0 0 0 rg BT 257.19 193.65 Td (is ) Tj ET Q q 0 0 0 rg BT 265.65 193.65 Td (currently ) Tj ET Q q 0 0 0 rg BT 300.59 193.65 Td (in ) Tj ET Q q 0 0 0 rg BT 310.04 193.65 Td (a ) Tj ET Q q 0 0 0 rg BT 316.49 193.65 Td (downcycle. ) Tj ET Q q 0 0 0 rg BT 360.17 193.65 Td ( ) Tj ET Q q 0 0 0 rg BT 362.45 193.65 Td (The ) Tj ET Q q 0 0 0 rg BT 378.90 193.65 Td (price ) Tj ET Q q 0 0 0 rg BT 399.33 193.65 Td (of ) Tj ET Q q 0 0 0 rg BT 409.29 193.65 Td (Brent ) Tj ET Q q 0 0 0 rg BT 431.73 193.65 Td (crude ) Tj ET Q q 0 0 0 rg BT 454.17 193.65 Td (has ) Tj ET Q q 0 0 0 rg BT 468.62 193.65 Td (fallen ) Tj ET Q q 0 0 0 rg BT 491.56 193.65 Td (from ) Tj ET Q q 0 0 0 rg BT 511.51 193.65 Td ($1) Tj ET Q q 0 0 0 rg BT 520.18 193.65 Td (15 ) Tj ET Q q 0 0 0 rg BT 531.63 193.65 Td (per ) Tj ET Q q 0 0 0 rg BT 545.58 193.65 Td (barrel ) Tj ET Q q 0 0 0 rg BT 569.01 193.65 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 182.85 Td (June ) Tj ET Q q 0 0 0 rg BT 54.13 182.85 Td (2014 ) Tj ET Q q 0 0 0 rg BT 73.77 182.85 Td (to ) Tj ET Q q 0 0 0 rg BT 82.40 182.85 Td (a ) Tj ET Q q 0 0 0 rg BT 88.03 182.85 Td (low ) Tj ET Q q 0 0 0 rg BT 103.17 182.85 Td (of ) Tj ET Q q 0 0 0 rg BT 112.30 182.85 Td ($30 ) Tj ET Q q 0 0 0 rg BT 127.43 182.85 Td (per ) Tj ET Q q 0 0 0 rg BT 140.56 182.85 Td (barrel ) Tj ET Q q 0 0 0 rg BT 163.18 182.85 Td (in ) Tj ET Q q 0 0 0 rg BT 171.81 182.85 Td (January ) Tj ET Q q 0 0 0 rg BT 201.44 182.85 Td (2016. ) Tj ET Q q 0 0 0 rg BT 222.96 182.85 Td (As ) Tj ET Q q 0 0 0 rg BT 234.60 182.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.73 182.85 Td (March31, ) Tj ET Q q 0 0 0 rg BT 282.35 182.85 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.35 182.85 Td (, ) Tj ET Q q 0 0 0 rg BT 304.24 182.85 Td (the ) Tj ET Q q 0 0 0 rg BT 316.87 182.85 Td (price ) Tj ET Q q 0 0 0 rg BT 336.49 182.85 Td (of ) Tj ET Q q 0 0 0 rg BT 345.62 182.85 Td (Brent ) Tj ET Q q 0 0 0 rg BT 367.25 182.85 Td (crude ) Tj ET Q q 0 0 0 rg BT 388.87 182.85 Td (was ) Tj ET Q q 0 0 0 rg BT 404.50 182.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 458.12 182.85 Td ($39.60 ) Tj ET Q q 0 0 0 rg BT 484.51 182.85 Td (per ) Tj ET Q q 0 0 0 rg BT 497.63 182.85 Td (barrel. ) Tj ET Q q 0 0 0 rg BT 522.38 182.85 Td (The ) Tj ET Q q 0 0 0 rg BT 538.01 182.85 Td (significant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 172.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 69.92 172.05 Td (in ) Tj ET Q q 0 0 0 rg BT 79.86 172.05 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.30 172.05 Td (and ) Tj ET Q q 0 0 0 rg BT 108.24 172.05 Td (natural ) Tj ET Q q 0 0 0 rg BT 136.17 172.05 Td (gas ) Tj ET Q q 0 0 0 rg BT 151.11 172.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 175.54 172.05 Td (is ) Tj ET Q q 0 0 0 rg BT 184.48 172.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 219.41 172.05 Td (to ) Tj ET Q q 0 0 0 rg BT 229.35 172.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 263.28 172.05 Td (to ) Tj ET Q q 0 0 0 rg BT 273.22 172.05 Td (reduce ) Tj ET Q q 0 0 0 rg BT 300.15 172.05 Td (many ) Tj ET Q q 0 0 0 rg BT 323.08 172.05 Td (of ) Tj ET Q q 0 0 0 rg BT 333.52 172.05 Td (our ) Tj ET Q q 0 0 0 rg BT 348.46 172.05 Td (customers' ) Tj ET Q q 0 0 0 rg BT 389.52 172.05 Td (demand ) Tj ET Q q 0 0 0 rg BT 420.95 172.05 Td (for ) Tj ET Q q 0 0 0 rg BT 434.39 172.05 Td (our ) Tj ET Q q 0 0 0 rg BT 449.33 172.05 Td (services ) Tj ET Q q 0 0 0 rg BT 481.26 172.05 Td (in ) Tj ET Q q 0 0 0 rg BT 491.20 172.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 512.14 172.05 Td (due ) Tj ET Q q 0 0 0 rg BT 528.08 172.05 Td (to ) Tj ET Q q 0 0 0 rg BT 538.02 172.05 Td (significant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 73.06 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.64 161.25 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 118.21 161.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 166.78 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 179.86 161.25 Td (of) Tj ET Q q 0 0 0 rg BT 187.19 161.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 212.27 161.25 Td (drilling. ) Tj ET Q q 0 0 0 rg BT 243.60 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.18 161.25 Td (Declines ) Tj ET Q q 0 0 0 rg BT 280.25 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.84 161.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 316.40 161.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 351.48 161.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 377.31 161.25 Td (coupled ) Tj ET Q q 0 0 0 rg BT 408.38 161.25 Td (with ) Tj ET Q q 0 0 0 rg BT 426.97 161.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 465.54 161.25 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 501.62 161.25 Td (supply) Tj ET Q q 0 0 0 rg BT 525.04 161.25 Td (, ) Tj ET Q q 0 0 0 rg BT 529.87 161.25 Td (have ) Tj ET Q q 0 0 0 rg BT 549.44 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 565.02 161.25 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 150.45 Td (likely ) Tj ET Q q 0 0 0 rg BT 58.78 150.45 Td (to ) Tj ET Q q 0 0 0 rg BT 68.06 150.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 101.34 150.45 Td (to ) Tj ET Q q 0 0 0 rg BT 110.62 150.45 Td (put ) Tj ET Q q 0 0 0 rg BT 124.41 150.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 164.68 150.45 Td (pressure ) Tj ET Q q 0 0 0 rg BT 196.96 150.45 Td (on ) Tj ET Q q 0 0 0 rg BT 208.24 150.45 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 240.51 150.45 Td (and ) Tj ET Q q 0 0 0 rg BT 255.79 150.45 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 296.65 150.45 Td (The ) Tj ET Q q 0 0 0 rg BT 312.92 150.45 Td (decline ) Tj ET Q q 0 0 0 rg BT 341.19 150.45 Td (and ) Tj ET Q q 0 0 0 rg BT 356.47 150.45 Td (the ) Tj ET Q q 0 0 0 rg BT 369.75 150.45 Td (perceived ) Tj ET Q q 0 0 0 rg BT 407.01 150.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 422.80 150.45 Td (of ) Tj ET Q q 0 0 0 rg BT 432.58 150.45 Td (a ) Tj ET Q q 0 0 0 rg BT 438.86 150.45 Td (further ) Tj ET Q q 0 0 0 rg BT 465.63 150.45 Td (decline ) Tj ET Q q 0 0 0 rg BT 493.90 150.45 Td (in ) Tj ET Q q 0 0 0 rg BT 503.18 150.45 Td (oil ) Tj ET Q q 0 0 0 rg BT 514.97 150.45 Td (and/or ) Tj ET Q q 0 0 0 rg BT 540.24 150.45 Td (gas ) Tj ET Q q 0 0 0 rg BT 554.52 150.45 Td (prices ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 139.65 Td (could ) Tj ET Q q 0 0 0 rg BT 57.81 139.65 Td (cause ) Tj ET Q q 0 0 0 rg BT 79.62 139.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 90.94 139.65 Td (and ) Tj ET Q q 0 0 0 rg BT 105.75 139.65 Td (gas ) Tj ET Q q 0 0 0 rg BT 119.57 139.65 Td (companies ) Tj ET Q q 0 0 0 rg BT 159.87 139.65 Td (to ) Tj ET Q q 0 0 0 rg BT 168.69 139.65 Td (further ) Tj ET Q q 0 0 0 rg BT 195.00 139.65 Td (reduce ) Tj ET Q q 0 0 0 rg BT 220.79 139.65 Td (their ) Tj ET Q q 0 0 0 rg BT 239.11 139.65 Td (overall ) Tj ET Q q 0 0 0 rg BT 265.91 139.65 Td (level ) Tj ET Q q 0 0 0 rg BT 285.22 139.65 Td (of ) Tj ET Q q 0 0 0 rg BT 294.54 139.65 Td (activity ) Tj ET Q q 0 0 0 rg BT 323.34 139.65 Td (or ) Tj ET Q q 0 0 0 rg BT 332.66 139.65 Td (spending, ) Tj ET Q q 0 0 0 rg BT 369.23 139.65 Td (in ) Tj ET Q q 0 0 0 rg BT 378.04 139.65 Td (which ) Tj ET Q q 0 0 0 rg BT 401.86 139.65 Td (case ) Tj ET Q q 0 0 0 rg BT 419.16 139.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 449.47 139.65 Td (for ) Tj ET Q q 0 0 0 rg BT 461.78 139.65 Td (our ) Tj ET Q q 0 0 0 rg BT 475.60 139.65 Td (services ) Tj ET Q q 0 0 0 rg BT 506.40 139.65 Td (may ) Tj ET Q q 0 0 0 rg BT 523.72 139.65 Td (further ) Tj ET Q q 0 0 0 rg BT 550.02 139.65 Td (decline ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 128.85 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 128.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 85.48 128.85 Td (may ) Tj ET Q q 0 0 0 rg BT 103.22 128.85 Td (continue ) Tj ET Q q 0 0 0 rg BT 136.46 128.85 Td (to ) Tj ET Q q 0 0 0 rg BT 145.71 128.85 Td (be ) Tj ET Q q 0 0 0 rg BT 156.46 128.85 Td (adversely ) Tj ET Q q 0 0 0 rg BT 193.19 128.85 Td (af) Tj ET Q q 0 0 0 rg BT 200.02 128.85 Td (fected ) Tj ET Q q 0 0 0 rg BT 224.25 128.85 Td (through ) Tj ET Q q 0 0 0 rg BT 254.50 128.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 277.24 128.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 305.99 128.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 322.24 128.85 Td (utilization ) Tj ET Q q 0 0 0 rg BT 360.98 128.85 Td (and/or ) Tj ET Q q 0 0 0 rg BT 386.23 128.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 408.97 128.85 Td (dayrates. ) Tj ET Q q 0 0 0 rg BT 443.45 128.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (Declines ) Tj ET Q q 0 0 0 rg BT 70.25 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 80.02 101.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.28 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.04 101.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.81 101.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 147.06 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 160.32 101.25 Td (an ) Tj ET Q q 0 0 0 rg BT 171.58 101.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 206.83 101.25 Td (period ) Tj ET Q q 0 0 0 rg BT 232.59 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.85 101.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 263.86 101.25 Td (or ) Tj ET Q q 0 0 0 rg BT 274.12 101.25 Td (market ) Tj ET Q q 0 0 0 rg BT 301.87 101.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 349.62 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.88 101.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 394.14 101.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 431.38 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.15 101.25 Td (these ) Tj ET Q q 0 0 0 rg BT 462.40 101.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 488.91 101.25 Td (have ) Tj ET Q q 0 0 0 rg BT 508.66 101.25 Td (af) Tj ET Q q 0 0 0 rg BT 515.49 101.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 540.24 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 556.00 101.25 Td (could ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 90.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 69.52 90.45 Td (to ) Tj ET Q q 0 0 0 rg BT 79.06 90.45 Td (negatively ) Tj ET Q q 0 0 0 rg BT 119.08 90.45 Td (af) Tj ET Q q 0 0 0 rg BT 125.91 90.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 141.93 90.45 Td (our ) Tj ET Q q 0 0 0 rg BT 156.46 90.45 Td (business ) Tj ET Q q 0 0 0 rg BT 189.49 90.45 Td (in ) Tj ET Q q 0 0 0 rg BT 199.03 90.45 Td (the ) Tj ET Q q 0 0 0 rg BT 212.56 90.45 Td (of) Tj ET Q q 0 0 0 rg BT 219.89 90.45 Td (fshore ) Tj ET Q q 0 0 0 rg BT 244.92 90.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 273.95 90.45 Td (sector) Tj ET Q q 0 0 0 rg BT 294.94 90.45 Td (. ) Tj ET Q q 0 0 0 rg BT 299.73 90.45 Td (Sustained ) Tj ET Q q 0 0 0 rg BT 337.26 90.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 366.29 90.45 Td (of ) Tj ET Q q 0 0 0 rg BT 376.32 90.45 Td (low ) Tj ET Q q 0 0 0 rg BT 392.35 90.45 Td (oil ) Tj ET Q q 0 0 0 rg BT 404.38 90.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 428.41 90.45 Td (have ) Tj ET Q q 0 0 0 rg BT 447.93 90.45 Td (resulted ) Tj ET Q q 0 0 0 rg BT 478.95 90.45 Td (in ) Tj ET Q q 0 0 0 rg BT 488.49 90.45 Td (reduced ) Tj ET Q q 0 0 0 rg BT 519.50 90.45 Td (exploration ) Tj ET Q q 0 0 0 rg BT 563.02 90.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 79.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.72 79.65 Td (because ) Tj ET Q q 0 0 0 rg BT 95.42 79.65 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.15 79.65 Td (and ) Tj ET Q q 0 0 0 rg BT 122.36 79.65 Td (gas ) Tj ET Q q 0 0 0 rg BT 136.58 79.65 Td (companies) Tj ET Q q 0 0 0 rg BT 177.40 79.65 Td ( ) Tj ET Q q 0 0 0 rg BT 179.62 79.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 205.83 79.65 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 250.53 79.65 Td (budgets ) Tj ET Q q 0 0 0 rg BT 280.75 79.65 Td (are ) Tj ET Q q 0 0 0 rg BT 293.96 79.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 321.67 79.65 Td (to ) Tj ET Q q 0 0 0 rg BT 330.89 79.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.11 79.65 Td (flow ) Tj ET Q q 0 0 0 rg BT 367.83 79.65 Td (from ) Tj ET Q q 0 0 0 rg BT 387.54 79.65 Td (such ) Tj ET Q q 0 0 0 rg BT 406.26 79.65 Td (activities ) Tj ET Q q 0 0 0 rg BT 440.97 79.65 Td (and ) Tj ET Q q 0 0 0 rg BT 456.19 79.65 Td (are ) Tj ET Q q 0 0 0 rg BT 469.40 79.65 Td (therefore ) Tj ET Q q 0 0 0 rg BT 504.09 79.65 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 537.81 79.65 Td (to ) Tj ET Q q 0 0 0 rg BT 547.03 79.65 Td (changes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 68.85 Td (in ) Tj ET Q q 0 0 0 rg BT 44.53 68.85 Td (ener) Tj ET Q q 0 0 0 rg BT 59.85 68.85 Td (gy ) Tj ET Q q 0 0 0 rg BT 70.38 68.85 Td (prices. ) Tj ET Q q 0 0 0 rg BT 95.32 68.85 Td (As ) Tj ET Q q 0 0 0 rg BT 106.85 68.85 Td (a ) Tj ET Q q 0 0 0 rg BT 112.37 68.85 Td (result ) Tj ET Q q 0 0 0 rg BT 133.90 68.85 Td (of ) Tj ET Q q 0 0 0 rg BT 142.93 68.85 Td (the ) Tj ET Q q 0 0 0 rg BT 155.45 68.85 Td (low ) Tj ET Q q 0 0 0 rg BT 170.48 68.85 Td (commodity ) Tj ET Q q 0 0 0 rg BT 213.01 68.85 Td (prices, ) Tj ET Q q 0 0 0 rg BT 238.28 68.85 Td (the ) Tj ET Q q 0 0 0 rg BT 250.80 68.85 Td (majority ) Tj ET Q q 0 0 0 rg BT 282.83 68.85 Td (of ) Tj ET Q q 0 0 0 rg BT 291.86 68.85 Td (exploration ) Tj ET Q q 0 0 0 rg BT 334.37 68.85 Td (and ) Tj ET Q q 0 0 0 rg BT 348.90 68.85 Td (production ) Tj ET Q q 0 0 0 rg BT 389.42 68.85 Td (companies ) Tj ET Q q 0 0 0 rg BT 429.44 68.85 Td (have ) Tj ET Q q 0 0 0 rg BT 447.96 68.85 Td (announced ) Tj ET Q q 0 0 0 rg BT 488.47 68.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 508.00 68.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 533.52 68.85 Td (expenditure ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.05 Td (budgets ) Tj ET Q q 0 0 0 rg BT 66.09 58.05 Td (with ) Tj ET Q q 0 0 0 rg BT 84.18 58.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 124.26 58.05 Td (reductions ) Tj ET Q q 0 0 0 rg BT 163.84 58.05 Td (in ) Tj ET Q q 0 0 0 rg BT 172.93 58.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.01 58.05 Td (spending ) Tj ET Q q 0 0 0 rg BT 233.60 58.05 Td (from ) Tj ET Q q 0 0 0 rg BT 253.18 58.05 Td (prior ) Tj ET Q q 0 0 0 rg BT 272.77 58.05 Td (years. ) Tj ET Q q 0 0 0 rg BT 295.95 58.05 Td (These ) Tj ET Q q 0 0 0 rg BT 319.53 58.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 350.60 58.05 Td (in ) Tj ET Q q 0 0 0 rg BT 359.70 58.05 Td (commodity ) Tj ET Q q 0 0 0 rg BT 402.78 58.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 426.36 58.05 Td (can ) Tj ET Q q 0 0 0 rg BT 440.94 58.05 Td (have ) Tj ET Q q 0 0 0 rg BT 460.02 58.05 Td (a ) Tj ET Q q 0 0 0 rg BT 466.11 58.05 Td (dramatic ) Tj ET Q q 0 0 0 rg BT 499.68 58.05 Td (ef) Tj ET Q q 0 0 0 rg BT 506.51 58.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 522.09 58.05 Td (on ) Tj ET Q q 0 0 0 rg BT 533.18 58.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 545.27 58.05 Td (demand, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.25 Td (and ) Tj ET Q q 0 0 0 rg BT 50.93 47.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 79.35 47.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.78 47.25 Td (low ) Tj ET Q q 0 0 0 rg BT 104.22 47.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 134.64 47.25 Td (can ) Tj ET Q q 0 0 0 rg BT 149.06 47.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 170.98 47.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 196.40 47.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 208.33 47.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 234.27 47.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.19 47.25 Td (intensify ) Tj ET Q q 0 0 0 rg BT 282.62 47.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.55 47.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 340.47 47.25 Td (in ) Tj ET Q q 0 0 0 rg BT 349.41 47.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.34 47.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 393.77 47.25 Td (that ) Tj ET Q q 0 0 0 rg BT 409.20 47.25 Td (often ) Tj ET Q q 0 0 0 rg BT 429.62 47.25 Td (results ) Tj ET Q q 0 0 0 rg BT 455.05 47.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.98 47.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 492.42 47.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 514.10 47.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 557.52 47.25 Td (older ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 25.30 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.50 749.80 Td (less ) Tj ET Q q 0 0 0 rg BT 67.50 749.80 Td (technologically ) Tj ET Q q 0 0 0 rg BT 125.48 749.80 Td (advanced ) Tj ET Q q 0 0 0 rg BT 161.97 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 190.97 749.80 Td (units, ) Tj ET Q q 0 0 0 rg BT 213.22 749.80 Td (being ) Tj ET Q q 0 0 0 rg BT 235.72 749.80 Td (idle ) Tj ET Q q 0 0 0 rg BT 251.72 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 264.72 749.80 Td (long ) Tj ET Q q 0 0 0 rg BT 283.22 749.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 312.22 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.22 749.80 Td (time. ) Tj ET Q q 0 0 0 rg BT 342.79 749.80 Td (W) Tj ET Q q 0 0 0 rg BT 350.56 749.80 Td (e ) Tj ET Q q 0 0 0 rg BT 357.06 749.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 383.55 749.80 Td (predict ) Tj ET Q q 0 0 0 rg BT 411.04 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 424.54 749.80 Td (future ) Tj ET Q q 0 0 0 rg BT 448.53 749.80 Td (level ) Tj ET Q q 0 0 0 rg BT 468.52 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 478.52 749.80 Td (demand ) Tj ET Q q 0 0 0 rg BT 509.52 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 522.51 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 537.01 749.80 Td (services ) Tj ET Q q 0 0 0 rg BT 568.50 749.80 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (future ) Tj ET Q q 0 0 0 rg BT 59.17 739.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 98.35 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 107.03 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.71 739.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 130.89 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 145.57 739.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 159.24 739.00 Td (industry) Tj ET Q q 0 0 0 rg BT 188.16 739.00 Td (. ) Tj ET Q q 0 0 0 rg BT 192.09 739.00 Td (In ) Tj ET Q q 0 0 0 rg BT 201.27 739.00 Td (response ) Tj ET Q q 0 0 0 rg BT 234.44 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 243.12 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 739.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 279.46 739.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 312.12 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 320.80 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 333.47 739.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 356.64 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 365.82 739.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 377.00 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 391.68 739.00 Td (gas, ) Tj ET Q q 0 0 0 rg BT 407.61 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 413.28 739.00 Td (number ) Tj ET Q q 0 0 0 rg BT 442.46 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 451.64 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 465.31 739.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 476.50 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 491.17 739.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 504.85 739.00 Td (company ) Tj ET Q q 0 0 0 rg BT 539.52 739.00 Td (customers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (have ) Tj ET Q q 0 0 0 rg BT 56.05 728.20 Td (recently ) Tj ET Q q 0 0 0 rg BT 88.09 728.20 Td (announced ) Tj ET Q q 0 0 0 rg BT 130.13 728.20 Td (decreases ) Tj ET Q q 0 0 0 rg BT 167.66 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 177.72 728.20 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 213.77 728.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 262.81 728.20 Td (for ) Tj ET Q q 0 0 0 rg BT 276.36 728.20 Td (of) Tj ET Q q 0 0 0 rg BT 283.69 728.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 309.24 728.20 Td (drilling. ) Tj ET Q q 0 0 0 rg BT 341.05 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 343.43 728.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 361.99 728.20 Td (future ) Tj ET Q q 0 0 0 rg BT 386.54 728.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 420.57 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 430.63 728.20 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 476.92 728.20 Td (development ) Tj ET Q q 0 0 0 rg BT 526.46 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 537.02 728.20 Td (production ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 84.23 717.40 Td (by ) Tj ET Q q 0 0 0 rg BT 95.48 717.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.24 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 122.48 717.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 136.73 717.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 177.46 717.40 Td (could ) Tj ET Q q 0 0 0 rg BT 199.71 717.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 225.94 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 240.19 717.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.42 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 289.67 717.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 328.40 717.40 Td (harm ) Tj ET Q q 0 0 0 rg BT 349.14 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 363.39 717.40 Td (business ) Tj ET Q q 0 0 0 rg BT 396.14 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 411.39 717.40 Td (results ) Tj ET Q q 0 0 0 rg BT 437.13 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 446.88 717.40 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 689.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.58 689.80 Td (may ) Tj ET Q q 0 0 0 rg BT 67.32 689.80 Td (not ) Tj ET Q q 0 0 0 rg BT 81.58 689.80 Td (be ) Tj ET Q q 0 0 0 rg BT 92.32 689.80 Td (able ) Tj ET Q q 0 0 0 rg BT 110.07 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 119.32 689.80 Td (set ) Tj ET Q q 0 0 0 rg BT 131.57 689.80 Td (profitable ) Tj ET Q q 0 0 0 rg BT 169.81 689.80 Td (utilization ) Tj ET Q q 0 0 0 rg BT 209.58 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 225.83 689.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 259.08 689.80 Td (or ) Tj ET Q q 0 0 0 rg BT 269.33 689.80 Td (delay ) Tj ET Q q 0 0 0 rg BT 291.07 689.80 Td (entry ) Tj ET Q q 0 0 0 rg BT 312.32 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.07 689.80 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 358.33 689.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 388.09 689.80 Td (units ) Tj ET Q q 0 0 0 rg BT 408.85 689.80 Td (into ) Tj ET Q q 0 0 0 rg BT 425.61 689.80 Td (our ) Tj ET Q q 0 0 0 rg BT 440.86 689.80 Td (active ) Tj ET Q q 0 0 0 rg BT 464.60 689.80 Td (fleet.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (During ) Tj ET Q q 0 0 0 rg BT 63.14 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.77 676.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 99.39 676.00 Td (period ) Tj ET Q q 0 0 0 rg BT 124.02 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 133.15 676.00 Td (high ) Tj ET Q q 0 0 0 rg BT 150.79 676.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 188.92 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 203.56 676.00 Td (high ) Tj ET Q q 0 0 0 rg BT 221.19 676.00 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 255.07 676.00 Td (which ) Tj ET Q q 0 0 0 rg BT 278.70 676.00 Td (we ) Tj ET Q q 0 0 0 rg BT 290.83 676.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 318.45 676.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 341.58 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 350.22 676.00 Td (early ) Tj ET Q q 0 0 0 rg BT 369.85 676.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 391.73 676.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 422.87 676.00 Td (participants ) Tj ET Q q 0 0 0 rg BT 466.50 676.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 502.11 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 514.75 676.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 540.39 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.52 676.00 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 51.51 665.20 Td (by ) Tj ET Q q 0 0 0 rg BT 62.52 665.20 Td (ordering ) Tj ET Q q 0 0 0 rg BT 95.02 665.20 Td (new ) Tj ET Q q 0 0 0 rg BT 112.03 665.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 140.54 665.20 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 158.30 665.20 Td (particularly ) Tj ET Q q 0 0 0 rg BT 201.79 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 210.80 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.80 665.20 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 282.28 665.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 314.28 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 323.79 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.80 665.20 Td (industry) Tj ET Q q 0 0 0 rg BT 365.71 665.20 Td (. ) Tj ET Q q 0 0 0 rg BT 369.97 665.20 Td (Historically) Tj ET Q q 0 0 0 rg BT 411.88 665.20 Td (, ) Tj ET Q q 0 0 0 rg BT 416.14 665.20 Td (this ) Tj ET Q q 0 0 0 rg BT 431.16 665.20 Td (has ) Tj ET Q q 0 0 0 rg BT 445.16 665.20 Td (resulted ) Tj ET Q q 0 0 0 rg BT 475.66 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 484.68 665.20 Td (an ) Tj ET Q q 0 0 0 rg BT 495.18 665.20 Td (over) Tj ET Q q 0 0 0 rg BT 510.99 665.20 Td (-supply ) Tj ET Q q 0 0 0 rg BT 540.00 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 549.51 665.20 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 51.07 654.40 Td (and ) Tj ET Q q 0 0 0 rg BT 65.63 654.40 Td (has ) Tj ET Q q 0 0 0 rg BT 79.20 654.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 105.25 654.40 Td (a ) Tj ET Q q 0 0 0 rg BT 110.82 654.40 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 152.38 654.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 179.93 654.40 Td (in ) Tj ET Q q 0 0 0 rg BT 188.50 654.40 Td (utilization ) Tj ET Q q 0 0 0 rg BT 226.56 654.40 Td (and ) Tj ET Q q 0 0 0 rg BT 241.13 654.40 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 272.68 654.40 Td (when ) Tj ET Q q 0 0 0 rg BT 293.74 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.31 654.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.38 654.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 349.44 654.40 Td (have ) Tj ET Q q 0 0 0 rg BT 368.00 654.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 396.05 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.62 654.40 Td (market. ) Tj ET Q q 0 0 0 rg BT 437.31 654.40 Td (The ) Tj ET Q q 0 0 0 rg BT 452.87 654.40 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 492.93 654.40 Td (fleet ) Tj ET Q q 0 0 0 rg BT 510.49 654.40 Td (of ) Tj ET Q q 0 0 0 rg BT 519.55 654.40 Td (ultra-deepwater ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (floaters ) Tj ET Q q 0 0 0 rg BT 65.10 643.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 100.72 643.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.33 643.60 Td (165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.83 643.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.95 643.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 141.56 643.60 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.56 643.60 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.56 643.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.68 643.60 Td (semi-submersibles ) Tj ET Q q 0 0 0 rg BT 224.79 643.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.90 643.60 Td (104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.40 643.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.52 643.60 Td (drillships\) ) Tj ET Q q 0 0 0 rg BT 294.13 643.60 Td (as ) Tj ET Q q 0 0 0 rg BT 303.75 643.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.36 643.60 Td (March31, ) Tj ET Q q 0 0 0 rg BT 352.47 643.60 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.47 643.60 Td (. ) Tj ET Q q 0 0 0 rg BT 374.37 643.60 Td (As ) Tj ET Q q 0 0 0 rg BT 386.49 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.10 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.21 643.60 Td (same ) Tj ET Q q 0 0 0 rg BT 429.82 643.60 Td (date, ) Tj ET Q q 0 0 0 rg BT 449.18 643.60 Td (an ) Tj ET Q q 0 0 0 rg BT 459.79 643.60 Td (additional ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.90 643.60 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.90 643.60 Td ( ) Tj ET Q q 0 0 0 rg BT 509.02 643.60 Td (semi-submersibles ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.30 632.80 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.30 632.80 Td ( ) Tj ET Q q 0 0 0 rg BT 62.61 632.80 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 121.38 632.80 Td (drillships ) Tj ET Q q 0 0 0 rg BT 157.20 632.80 Td (were ) Tj ET Q q 0 0 0 rg BT 176.99 632.80 Td (under ) Tj ET Q q 0 0 0 rg BT 199.79 632.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 246.59 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 256.39 632.80 Td (on ) Tj ET Q q 0 0 0 rg BT 267.70 632.80 Td (order) Tj ET Q q 0 0 0 rg BT 286.33 632.80 Td (, ) Tj ET Q q 0 0 0 rg BT 290.89 632.80 Td (which ) Tj ET Q q 0 0 0 rg BT 315.19 632.80 Td (would ) Tj ET Q q 0 0 0 rg BT 340.00 632.80 Td (bring ) Tj ET Q q 0 0 0 rg BT 361.30 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 374.61 632.80 Td (total ) Tj ET Q q 0 0 0 rg BT 392.91 632.80 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 451.69 632.80 Td (floater ) Tj ET Q q 0 0 0 rg BT 477.48 632.80 Td (fleet ) Tj ET Q q 0 0 0 rg BT 495.77 632.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.08 632.80 Td (221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.58 632.80 Td ( ) Tj ET Q q 0 0 0 rg BT 520.89 632.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 536.70 632.80 Td (by ) Tj ET Q q 0 0 0 rg BT 548.01 632.80 Td (January ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.00 Td (2020, ) Tj ET Q q 0 0 0 rg BT 58.50 622.00 Td (assuming ) Tj ET Q q 0 0 0 rg BT 94.75 622.00 Td (no ) Tj ET Q q 0 0 0 rg BT 106.00 622.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 142.24 622.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.49 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 164.73 622.00 Td (total ) Tj ET Q q 0 0 0 rg BT 182.98 622.00 Td (fleet ) Tj ET Q q 0 0 0 rg BT 201.22 622.00 Td (size ) Tj ET Q q 0 0 0 rg BT 217.46 622.00 Td (through ) Tj ET Q q 0 0 0 rg BT 247.71 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 260.95 622.00 Td (retirement ) Tj ET Q q 0 0 0 rg BT 300.18 622.00 Td (of ) Tj ET Q q 0 0 0 rg BT 309.93 622.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 338.68 622.00 Td (units ) Tj ET Q q 0 0 0 rg BT 358.43 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 368.18 622.00 Td (otherwise. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (Rigs, ) Tj ET Q q 0 0 0 rg BT 56.63 594.40 Td (such ) Tj ET Q q 0 0 0 rg BT 74.99 594.40 Td (as ) Tj ET Q q 0 0 0 rg BT 84.36 594.40 Td (ours, ) Tj ET Q q 0 0 0 rg BT 103.98 594.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 139.84 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 148.71 594.40 Td (harsh ) Tj ET Q q 0 0 0 rg BT 170.07 594.40 Td (environments, ) Tj ET Q q 0 0 0 rg BT 223.18 594.40 Td (such ) Tj ET Q q 0 0 0 rg BT 241.55 594.40 Td (as ) Tj ET Q q 0 0 0 rg BT 250.92 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.78 594.40 Td (North ) Tj ET Q q 0 0 0 rg BT 286.65 594.40 Td (Sea, ) Tj ET Q q 0 0 0 rg BT 303.76 594.40 Td (Barents ) Tj ET Q q 0 0 0 rg BT 333.13 594.40 Td (Sea, ) Tj ET Q q 0 0 0 rg BT 350.11 594.40 Td (W) Tj ET Q q 0 0 0 rg BT 357.88 594.40 Td (est ) Tj ET Q q 0 0 0 rg BT 369.75 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 379.11 594.40 Td (Shetland, ) Tj ET Q q 0 0 0 rg BT 414.73 594.40 Td (Greenland ) Tj ET Q q 0 0 0 rg BT 454.08 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 468.95 594.40 Td (other ) Tj ET Q q 0 0 0 rg BT 489.31 594.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 516.17 594.40 Td (locations ) Tj ET Q q 0 0 0 rg BT 550.54 594.40 Td (require ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (specialized ) Tj ET Q q 0 0 0 rg BT 78.15 583.60 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 121.31 583.60 Td (related ) Tj ET Q q 0 0 0 rg BT 147.97 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.14 583.60 Td (motion, ) Tj ET Q q 0 0 0 rg BT 187.07 583.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 207.24 583.60 Td (resistance, ) Tj ET Q q 0 0 0 rg BT 247.15 583.60 Td (insulation ) Tj ET Q q 0 0 0 rg BT 284.82 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.99 583.60 Td (heat ) Tj ET Q q 0 0 0 rg BT 317.15 583.60 Td (tracing. ) Tj ET Q q 0 0 0 rg BT 346.08 583.60 Td (As ) Tj ET Q q 0 0 0 rg BT 358.26 583.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.93 583.60 Td (March31, ) Tj ET Q q 0 0 0 rg BT 407.09 583.60 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.09 583.60 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.52 583.60 Td (78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.52 583.60 Td ( ) Tj ET Q q 0 0 0 rg BT 440.69 583.60 Td (floaters ) Tj ET Q q 0 0 0 rg BT 469.85 583.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.02 583.60 Td (75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.02 583.60 Td ( ) Tj ET Q q 0 0 0 rg BT 496.20 583.60 Td (jack-ups ) Tj ET Q q 0 0 0 rg BT 528.86 583.60 Td (were ) Tj ET Q q 0 0 0 rg BT 548.52 583.60 Td (capable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 572.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.49 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 94.74 572.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 116.48 572.80 Td (environments ) Tj ET Q q 0 0 0 rg BT 167.72 572.80 Td (with ) Tj ET Q q 0 0 0 rg BT 185.97 572.80 Td (an ) Tj ET Q q 0 0 0 rg BT 196.72 572.80 Td (additional ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.96 572.80 Td (1) Tj ET Q q 0 0 0 rg BT 239.12 572.80 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.62 572.80 Td ( ) Tj ET Q q 0 0 0 rg BT 245.87 572.80 Td (such ) Tj ET Q q 0 0 0 rg BT 264.62 572.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 286.37 572.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 334.10 572.80 Td (floaters ) Tj ET Q q 0 0 0 rg BT 363.34 572.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.58 572.80 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.58 572.80 Td ( ) Tj ET Q q 0 0 0 rg BT 389.83 572.80 Td (jack-ups ) Tj ET Q q 0 0 0 rg BT 422.57 572.80 Td (under ) Tj ET Q q 0 0 0 rg BT 445.32 572.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 492.06 572.80 Td (or ) Tj ET Q q 0 0 0 rg BT 501.80 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 513.05 572.80 Td (order) Tj ET Q q 0 0 0 rg BT 531.54 572.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 545.20 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 545.20 Td ( ) Tj ET Q q 0 0 0 rg BT 43.99 545.20 Td (relatively ) Tj ET Q q 0 0 0 rg BT 79.97 545.20 Td (lar) Tj ET Q q 0 0 0 rg BT 89.30 545.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 99.78 545.20 Td (number ) Tj ET Q q 0 0 0 rg BT 129.27 545.20 Td (of ) Tj ET Q q 0 0 0 rg BT 138.75 545.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.74 545.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 180.23 545.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 195.72 545.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 230.19 545.20 Td (under ) Tj ET Q q 0 0 0 rg BT 252.68 545.20 Td (construction, ) Tj ET Q q 0 0 0 rg BT 301.41 545.20 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.39 545.20 Td (ten) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.39 545.20 Td ( ) Tj ET Q q 0 0 0 rg BT 350.38 545.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 371.87 545.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 419.34 545.20 Td (floaters ) Tj ET Q q 0 0 0 rg BT 448.32 545.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.31 545.20 Td (26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.31 545.20 Td ( ) Tj ET Q q 0 0 0 rg BT 474.30 545.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 495.78 545.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 543.26 545.20 Td (jack-ups, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 534.40 Td (have ) Tj ET Q q 0 0 0 rg BT 55.95 534.40 Td (not ) Tj ET Q q 0 0 0 rg BT 70.41 534.40 Td (been ) Tj ET Q q 0 0 0 rg BT 90.36 534.40 Td (contracted ) Tj ET Q q 0 0 0 rg BT 130.80 534.40 Td (for ) Tj ET Q q 0 0 0 rg BT 144.25 534.40 Td (future ) Tj ET Q q 0 0 0 rg BT 168.70 534.40 Td (work, ) Tj ET Q q 0 0 0 rg BT 192.41 534.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.36 534.40 Td (a ) Tj ET Q q 0 0 0 rg BT 215.31 534.40 Td (number ) Tj ET Q q 0 0 0 rg BT 245.77 534.40 Td (of ) Tj ET Q q 0 0 0 rg BT 256.22 534.40 Td (units ) Tj ET Q q 0 0 0 rg BT 276.69 534.40 Td (in ) Tj ET Q q 0 0 0 rg BT 286.65 534.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.60 534.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 332.06 534.40 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 373.51 534.40 Td (fleet ) Tj ET Q q 0 0 0 rg BT 392.46 534.40 Td (are ) Tj ET Q q 0 0 0 rg BT 406.41 534.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 441.85 534.40 Td (of) Tj ET Q q 0 0 0 rg BT 449.19 534.40 Td (f-contract. ) Tj ET Q q 0 0 0 rg BT 489.16 534.40 Td (The ) Tj ET Q q 0 0 0 rg BT 506.11 534.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 533.07 534.40 Td (of ) Tj ET Q q 0 0 0 rg BT 543.53 534.40 Td (available ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 523.60 Td (uncontracted ) Tj ET Q q 0 0 0 rg BT 84.22 523.60 Td (units ) Tj ET Q q 0 0 0 rg BT 103.47 523.60 Td (is ) Tj ET Q q 0 0 0 rg BT 111.22 523.60 Td (intensifying ) Tj ET Q q 0 0 0 rg BT 155.97 523.60 Td (price ) Tj ET Q q 0 0 0 rg BT 175.70 523.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 220.44 523.60 Td (as ) Tj ET Q q 0 0 0 rg BT 229.68 523.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 267.42 523.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 298.65 523.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.39 523.60 Td (redelivery ) Tj ET Q q 0 0 0 rg BT 351.62 523.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 371.86 523.60 Td (occur ) Tj ET Q q 0 0 0 rg BT 393.59 523.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.33 523.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 446.07 523.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 480.30 523.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 516.03 523.60 Td (without ) Tj ET Q q 0 0 0 rg BT 545.28 523.60 Td (renewal, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 512.80 Td (which ) Tj ET Q q 0 0 0 rg BT 60.56 512.80 Td (will ) Tj ET Q q 0 0 0 rg BT 77.12 512.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 110.67 512.80 Td (to ) Tj ET Q q 0 0 0 rg BT 120.23 512.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 146.78 512.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 179.32 512.80 Td (as ) Tj ET Q q 0 0 0 rg BT 189.38 512.80 Td (the ) Tj ET Q q 0 0 0 rg BT 202.94 512.80 Td (active ) Tj ET Q q 0 0 0 rg BT 226.99 512.80 Td (fleet ) Tj ET Q q 0 0 0 rg BT 245.54 512.80 Td (grows. ) Tj ET Q q 0 0 0 rg BT 272.35 512.80 Td (Rig ) Tj ET Q q 0 0 0 rg BT 287.91 512.80 Td (owners ) Tj ET Q q 0 0 0 rg BT 316.47 512.80 Td (are ) Tj ET Q q 0 0 0 rg BT 330.02 512.80 Td (bidding ) Tj ET Q q 0 0 0 rg BT 360.08 512.80 Td (for ) Tj ET Q q 0 0 0 rg BT 373.14 512.80 Td (available ) Tj ET Q q 0 0 0 rg BT 408.18 512.80 Td (work ) Tj ET Q q 0 0 0 rg BT 429.24 512.80 Td (extremely ) Tj ET Q q 0 0 0 rg BT 467.78 512.80 Td (competitively ) Tj ET Q q 0 0 0 rg BT 519.83 512.80 Td (with ) Tj ET Q q 0 0 0 rg BT 538.39 512.80 Td (a ) Tj ET Q q 0 0 0 rg BT 544.95 512.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 567.00 512.80 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 502.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 74.93 502.00 Td (over ) Tj ET Q q 0 0 0 rg BT 93.37 502.00 Td (returns, ) Tj ET Q q 0 0 0 rg BT 123.05 502.00 Td (which ) Tj ET Q q 0 0 0 rg BT 147.49 502.00 Td (has ) Tj ET Q q 0 0 0 rg BT 161.93 502.00 Td (driven ) Tj ET Q q 0 0 0 rg BT 187.36 502.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 206.80 502.00 Td (down ) Tj ET Q q 0 0 0 rg BT 229.24 502.00 Td (to ) Tj ET Q q 0 0 0 rg BT 238.68 502.00 Td (or ) Tj ET Q q 0 0 0 rg BT 248.62 502.00 Td (below ) Tj ET Q q 0 0 0 rg BT 273.06 502.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 291.49 502.00 Td (breakeven ) Tj ET Q q 0 0 0 rg BT 330.91 502.00 Td (levels. ) Tj ET Q q 0 0 0 rg BT 356.05 502.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 374.00 502.00 Td (reductions ) Tj ET Q q 0 0 0 rg BT 413.93 502.00 Td (in ) Tj ET Q q 0 0 0 rg BT 423.37 502.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 452.31 502.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 481.75 502.00 Td (by ) Tj ET Q q 0 0 0 rg BT 493.19 502.00 Td (our ) Tj ET Q q 0 0 0 rg BT 507.63 502.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 546.56 502.00 Td (may ) Tj ET Q q 0 0 0 rg BT 564.50 502.00 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.20 Td (be ) Tj ET Q q 0 0 0 rg BT 46.29 491.20 Td (uniform ) Tj ET Q q 0 0 0 rg BT 77.08 491.20 Td (across ) Tj ET Q q 0 0 0 rg BT 101.36 491.20 Td (dif) Tj ET Q q 0 0 0 rg BT 111.19 491.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 133.97 491.20 Td (geographic ) Tj ET Q q 0 0 0 rg BT 175.75 491.20 Td (regions. ) Tj ET Q q 0 0 0 rg BT 206.28 491.20 Td (Locations ) Tj ET Q q 0 0 0 rg BT 243.57 491.20 Td (where ) Tj ET Q q 0 0 0 rg BT 267.35 491.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 287.14 491.20 Td (of ) Tj ET Q q 0 0 0 rg BT 296.43 491.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 324.72 491.20 Td (and ) Tj ET Q q 0 0 0 rg BT 339.51 491.20 Td (production ) Tj ET Q q 0 0 0 rg BT 380.29 491.20 Td (are ) Tj ET Q q 0 0 0 rg BT 393.07 491.20 Td (relatively ) Tj ET Q q 0 0 0 rg BT 428.85 491.20 Td (higher) Tj ET Q q 0 0 0 rg BT 451.48 491.20 Td (, ) Tj ET Q q 0 0 0 rg BT 455.52 491.20 Td (such ) Tj ET Q q 0 0 0 rg BT 473.81 491.20 Td (as ) Tj ET Q q 0 0 0 rg BT 482.71 491.20 Td (Arctic, ) Tj ET Q q 0 0 0 rg BT 509.24 491.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 530.53 491.20 Td (environment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 480.40 Td (or ) Tj ET Q q 0 0 0 rg BT 45.30 480.40 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 84.08 480.40 Td (locations ) Tj ET Q q 0 0 0 rg BT 118.37 480.40 Td (where ) Tj ET Q q 0 0 0 rg BT 142.16 480.40 Td (we ) Tj ET Q q 0 0 0 rg BT 154.46 480.40 Td (operate, ) Tj ET Q q 0 0 0 rg BT 184.99 480.40 Td (may ) Tj ET Q q 0 0 0 rg BT 202.29 480.40 Td (be ) Tj ET Q q 0 0 0 rg BT 212.59 480.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 239.88 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 248.69 480.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 275.47 480.40 Td (reductions ) Tj ET Q q 0 0 0 rg BT 314.76 480.40 Td (in ) Tj ET Q q 0 0 0 rg BT 323.56 480.40 Td (activity) Tj ET Q q 0 0 0 rg BT 349.97 480.40 Td (. ) Tj ET Q q 0 0 0 rg BT 354.02 480.40 Td (Such ) Tj ET Q q 0 0 0 rg BT 373.83 480.40 Td (reductions ) Tj ET Q q 0 0 0 rg BT 413.12 480.40 Td (in ) Tj ET Q q 0 0 0 rg BT 421.92 480.40 Td (high ) Tj ET Q q 0 0 0 rg BT 439.73 480.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 456.03 480.40 Td (regions ) Tj ET Q q 0 0 0 rg BT 484.32 480.40 Td (may ) Tj ET Q q 0 0 0 rg BT 501.62 480.40 Td (lead ) Tj ET Q q 0 0 0 rg BT 518.41 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.22 480.40 Td (the ) Tj ET Q q 0 0 0 rg BT 540.01 480.40 Td (relocation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 46.38 469.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 75.75 469.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 98.39 469.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 138.25 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.13 469.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 179.01 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.38 469.60 Td (available ) Tj ET Q q 0 0 0 rg BT 224.74 469.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 254.12 469.60 Td (units ) Tj ET Q q 0 0 0 rg BT 274.51 469.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.39 469.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 313.76 469.60 Td (with ) Tj ET Q q 0 0 0 rg BT 332.64 469.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 369.50 469.60 Td (fewer ) Tj ET Q q 0 0 0 rg BT 392.86 469.60 Td (reductions ) Tj ET Q q 0 0 0 rg BT 433.23 469.60 Td (in ) Tj ET Q q 0 0 0 rg BT 443.11 469.60 Td (activity) Tj ET Q q 0 0 0 rg BT 469.52 469.60 Td (. ) Tj ET Q q 0 0 0 rg BT 474.65 469.60 Td (In ) Tj ET Q q 0 0 0 rg BT 485.03 469.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 519.65 469.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 559.02 469.60 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 458.80 Td (requested ) Tj ET Q q 0 0 0 rg BT 73.39 458.80 Td (and ) Tj ET Q q 0 0 0 rg BT 89.28 458.80 Td (may ) Tj ET Q q 0 0 0 rg BT 107.68 458.80 Td (in ) Tj ET Q q 0 0 0 rg BT 117.59 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 131.48 458.80 Td (future ) Tj ET Q q 0 0 0 rg BT 155.88 458.80 Td (request ) Tj ET Q q 0 0 0 rg BT 184.77 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 198.67 458.80 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 249.05 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 259.45 458.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 290.85 458.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 326.24 458.80 Td (to ) Tj ET Q q 0 0 0 rg BT 336.14 458.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 359.54 458.80 Td (dayrates. ) Tj ET Q q 0 0 0 rg BT 394.67 458.80 Td (In ) Tj ET Q q 0 0 0 rg BT 405.07 458.80 Td (an ) Tj ET Q q 0 0 0 rg BT 416.47 458.80 Td (over) Tj ET Q q 0 0 0 rg BT 432.28 458.80 Td (-supplied ) Tj ET Q q 0 0 0 rg BT 468.68 458.80 Td (market, ) Tj ET Q q 0 0 0 rg BT 498.82 458.80 Td (we ) Tj ET Q q 0 0 0 rg BT 512.22 458.80 Td (may ) Tj ET Q q 0 0 0 rg BT 530.62 458.80 Td (have ) Tj ET Q q 0 0 0 rg BT 550.51 458.80 Td (limited ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.00 Td (bar) Tj ET Q q 0 0 0 rg BT 47.33 448.00 Td (gaining ) Tj ET Q q 0 0 0 rg BT 77.37 448.00 Td (power ) Tj ET Q q 0 0 0 rg BT 102.91 448.00 Td (to ) Tj ET Q q 0 0 0 rg BT 112.96 448.00 Td (renegotiate ) Tj ET Q q 0 0 0 rg BT 155.99 448.00 Td (on ) Tj ET Q q 0 0 0 rg BT 168.04 448.00 Td (more ) Tj ET Q q 0 0 0 rg BT 189.58 448.00 Td (favorable ) Tj ET Q q 0 0 0 rg BT 226.61 448.00 Td (terms. ) Tj ET Q q 0 0 0 rg BT 251.90 448.00 Td (Lower ) Tj ET Q q 0 0 0 rg BT 278.44 448.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 317.98 448.00 Td (and ) Tj ET Q q 0 0 0 rg BT 334.02 448.00 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 367.05 448.00 Td (have ) Tj ET Q q 0 0 0 rg BT 387.09 448.00 Td (af) Tj ET Q q 0 0 0 rg BT 393.92 448.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 418.95 448.00 Td (and ) Tj ET Q q 0 0 0 rg BT 435.00 448.00 Td (will ) Tj ET Q q 0 0 0 rg BT 452.05 448.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 489.58 448.00 Td (af) Tj ET Q q 0 0 0 rg BT 496.41 448.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 512.94 448.00 Td (our ) Tj ET Q q 0 0 0 rg BT 527.99 448.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 563.02 448.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.20 Td (profitability) Tj ET Q q 0 0 0 rg BT 78.41 437.20 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 409.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 409.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.68 409.60 Td (may ) Tj ET Q q 0 0 0 rg BT 67.54 409.60 Td (not ) Tj ET Q q 0 0 0 rg BT 81.90 409.60 Td (be ) Tj ET Q q 0 0 0 rg BT 92.75 409.60 Td (able ) Tj ET Q q 0 0 0 rg BT 110.60 409.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.95 409.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 144.81 409.60 Td (or ) Tj ET Q q 0 0 0 rg BT 155.17 409.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 181.03 409.60 Td (new ) Tj ET Q q 0 0 0 rg BT 198.39 409.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.75 409.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 252.09 409.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 288.45 409.60 Td (for ) Tj ET Q q 0 0 0 rg BT 301.80 409.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 331.67 409.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 348.03 409.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.89 409.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 398.24 409.60 Td (for ) Tj ET Q q 0 0 0 rg BT 411.60 409.60 Td (which ) Tj ET Q q 0 0 0 rg BT 436.46 409.60 Td (are ) Tj ET Q q 0 0 0 rg BT 450.81 409.60 Td (expiring ) Tj ET Q q 0 0 0 rg BT 484.17 409.60 Td (or ) Tj ET Q q 0 0 0 rg BT 494.53 409.60 Td (are ) Tj ET Q q 0 0 0 rg BT 508.88 409.60 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 553.49 409.60 Td (which ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 398.80 Td (could ) Tj ET Q q 0 0 0 rg BT 58.75 398.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 95.48 398.80 Td (af) Tj ET Q q 0 0 0 rg BT 102.82 398.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 118.56 398.80 Td (our ) Tj ET Q q 0 0 0 rg BT 133.81 398.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 169.06 398.80 Td (and ) Tj ET Q q 0 0 0 rg BT 185.31 398.80 Td (profitability) Tj ET Q q 0 0 0 rg BT 228.48 398.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (As ) Tj ET Q q 0 0 0 rg BT 48.50 385.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.49 385.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 97.98 385.00 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.98 385.00 Td (, ) Tj ET Q q 0 0 0 rg BT 120.73 385.00 Td (we ) Tj ET Q q 0 0 0 rg BT 133.72 385.00 Td (had ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.21 385.00 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.20 385.00 Td ( ) Tj ET Q q 0 0 0 rg BT 169.69 385.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 204.67 385.00 Td (that ) Tj ET Q q 0 0 0 rg BT 220.67 385.00 Td (are ) Tj ET Q q 0 0 0 rg BT 234.15 385.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 272.63 385.00 Td (to ) Tj ET Q q 0 0 0 rg BT 282.13 385.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 307.12 385.00 Td (in ) Tj ET Q q 0 0 0 rg BT 316.61 385.00 Td (2016, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.36 385.00 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.35 385.00 Td ( ) Tj ET Q q 0 0 0 rg BT 354.85 385.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 386.33 385.00 Td (that ) Tj ET Q q 0 0 0 rg BT 402.32 385.00 Td (is ) Tj ET Q q 0 0 0 rg BT 410.82 385.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 449.31 385.00 Td (to ) Tj ET Q q 0 0 0 rg BT 458.81 385.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 483.79 385.00 Td (in ) Tj ET Q q 0 0 0 rg BT 493.29 385.00 Td (2017, ) Tj ET Q q 0 0 0 rg BT 516.03 385.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.53 385.00 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.52 385.00 Td ( ) Tj ET Q q 0 0 0 rg BT 547.02 385.00 Td (contract ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (that ) Tj ET Q q 0 0 0 rg BT 52.42 374.20 Td (is ) Tj ET Q q 0 0 0 rg BT 61.34 374.20 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 100.25 374.20 Td (to ) Tj ET Q q 0 0 0 rg BT 110.18 374.20 Td (expire ) Tj ET Q q 0 0 0 rg BT 135.58 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 145.51 374.20 Td (2019, ) Tj ET Q q 0 0 0 rg BT 168.68 374.20 Td (excluding ) Tj ET Q q 0 0 0 rg BT 207.09 374.20 Td (options ) Tj ET Q q 0 0 0 rg BT 236.52 374.20 Td (granted ) Tj ET Q q 0 0 0 rg BT 266.43 374.20 Td (to ) Tj ET Q q 0 0 0 rg BT 276.35 374.20 Td (our ) Tj ET Q q 0 0 0 rg BT 291.27 374.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 330.68 374.20 Td (to ) Tj ET Q q 0 0 0 rg BT 340.61 374.20 Td (extend ) Tj ET Q q 0 0 0 rg BT 367.52 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.44 374.20 Td (term ) Tj ET Q q 0 0 0 rg BT 400.85 374.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.27 374.20 Td (their ) Tj ET Q q 0 0 0 rg BT 430.69 374.20 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 468.34 374.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 485.26 374.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 511.18 374.20 Td (to ) Tj ET Q q 0 0 0 rg BT 521.10 374.20 Td (renew ) Tj ET Q q 0 0 0 rg BT 546.01 374.20 Td (expiring ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 71.24 363.40 Td (or ) Tj ET Q q 0 0 0 rg BT 81.49 363.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 106.74 363.40 Td (new ) Tj ET Q q 0 0 0 rg BT 124.49 363.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 159.73 363.40 Td (will ) Tj ET Q q 0 0 0 rg BT 176.48 363.40 Td (depend ) Tj ET Q q 0 0 0 rg BT 205.23 363.40 Td (on ) Tj ET Q q 0 0 0 rg BT 216.98 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 230.73 363.40 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 269.97 363.40 Td (market ) Tj ET Q q 0 0 0 rg BT 297.71 363.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 337.97 363.40 Td (at ) Tj ET Q q 0 0 0 rg BT 347.22 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 360.97 363.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 381.97 363.40 Td (which ) Tj ET Q q 0 0 0 rg BT 406.72 363.40 Td (may ) Tj ET Q q 0 0 0 rg BT 424.97 363.40 Td (vary ) Tj ET Q q 0 0 0 rg BT 443.71 363.40 Td (among ) Tj ET Q q 0 0 0 rg BT 470.96 363.40 Td (dif) Tj ET Q q 0 0 0 rg BT 480.80 363.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 504.53 363.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 547.27 363.40 Td (regions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.60 Td (dif) Tj ET Q q 0 0 0 rg BT 45.83 352.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 69.35 352.60 Td (types ) Tj ET Q q 0 0 0 rg BT 90.88 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 100.90 352.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 129.93 352.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 152.21 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 167.74 352.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 198.25 352.60 Td (customers. ) Tj ET Q q 0 0 0 rg BT 239.52 352.60 Td (For ) Tj ET Q q 0 0 0 rg BT 254.55 352.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 289.82 352.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.34 352.60 Td (W) Tj ET Q q 0 0 0 rg BT 310.01 352.60 Td (est ) Tj ET Q q 0 0 0 rg BT 322.54 352.60 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.04 352.60 Td (, ) Tj ET Q q 0 0 0 rg BT 363.82 352.60 Td (following ) Tj ET Q q 0 0 0 rg BT 401.35 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.87 352.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 453.89 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.92 352.60 Td (its ) Tj ET Q q 0 0 0 rg BT 474.95 352.60 Td (previous ) Tj ET Q q 0 0 0 rg BT 508.47 352.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 537.50 352.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 569.01 352.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.80 Td (December ) Tj ET Q q 0 0 0 rg BT 74.47 341.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 96.22 341.80 Td (remained ) Tj ET Q q 0 0 0 rg BT 131.20 341.80 Td (of) Tj ET Q q 0 0 0 rg BT 138.53 341.80 Td (f-hire ) Tj ET Q q 0 0 0 rg BT 160.02 341.80 Td (for ) Tj ET Q q 0 0 0 rg BT 172.01 341.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.50 341.80 Td (first ) Tj ET Q q 0 0 0 rg BT 200.50 341.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 227.48 341.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 249.23 341.80 Td (and ) Tj ET Q q 0 0 0 rg BT 263.72 341.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.21 341.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 306.69 341.80 Td (with ) Tj ET Q q 0 0 0 rg BT 324.19 341.80 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 353.68 341.80 Td (which ) Tj ET Q q 0 0 0 rg BT 377.18 341.80 Td (had ) Tj ET Q q 0 0 0 rg BT 391.67 341.80 Td (been ) Tj ET Q q 0 0 0 rg BT 410.16 341.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 439.14 341.80 Td (for ) Tj ET Q q 0 0 0 rg BT 451.13 341.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.62 341.80 Td (W) Tj ET Q q 0 0 0 rg BT 470.29 341.80 Td (est ) Tj ET Q q 0 0 0 rg BT 481.79 341.80 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.29 341.80 Td ( ) Tj ET Q q 0 0 0 rg BT 519.79 341.80 Td (was ) Tj ET Q q 0 0 0 rg BT 535.28 341.80 Td (terminated. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.00 Td (If ) Tj ET Q q 0 0 0 rg BT 44.64 331.00 Td (we ) Tj ET Q q 0 0 0 rg BT 57.78 331.00 Td (are ) Tj ET Q q 0 0 0 rg BT 71.41 331.00 Td (not ) Tj ET Q q 0 0 0 rg BT 85.55 331.00 Td (able ) Tj ET Q q 0 0 0 rg BT 103.18 331.00 Td (to ) Tj ET Q q 0 0 0 rg BT 112.83 331.00 Td (obtain ) Tj ET Q q 0 0 0 rg BT 137.97 331.00 Td (new ) Tj ET Q q 0 0 0 rg BT 155.60 331.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 190.73 331.00 Td (in ) Tj ET Q q 0 0 0 rg BT 200.38 331.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 223.51 331.00 Td (continuation ) Tj ET Q q 0 0 0 rg BT 271.14 331.00 Td (with ) Tj ET Q q 0 0 0 rg BT 289.79 331.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 320.93 331.00 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 358.31 331.00 Td (or ) Tj ET Q q 0 0 0 rg BT 368.45 331.00 Td (if ) Tj ET Q q 0 0 0 rg BT 376.59 331.00 Td (new ) Tj ET Q q 0 0 0 rg BT 394.22 331.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 429.35 331.00 Td (are ) Tj ET Q q 0 0 0 rg BT 442.98 331.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 472.11 331.00 Td (into ) Tj ET Q q 0 0 0 rg BT 488.75 331.00 Td (at ) Tj ET Q q 0 0 0 rg BT 497.89 331.00 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 530.52 331.00 Td (substantially ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.20 Td (below ) Tj ET Q q 0 0 0 rg BT 59.94 320.20 Td (the ) Tj ET Q q 0 0 0 rg BT 72.89 320.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 103.34 320.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 135.27 320.20 Td (or ) Tj ET Q q 0 0 0 rg BT 144.72 320.20 Td (on ) Tj ET Q q 0 0 0 rg BT 155.66 320.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 177.61 320.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 214.55 320.20 Td (less ) Tj ET Q q 0 0 0 rg BT 230.00 320.20 Td (favorable ) Tj ET Q q 0 0 0 rg BT 265.92 320.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 303.35 320.20 Td (to ) Tj ET Q q 0 0 0 rg BT 312.30 320.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 342.75 320.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 377.19 320.20 Td (terms, ) Tj ET Q q 0 0 0 rg BT 401.38 320.20 Td (our ) Tj ET Q q 0 0 0 rg BT 415.33 320.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 449.26 320.20 Td (and ) Tj ET Q q 0 0 0 rg BT 464.20 320.20 Td (profitability ) Tj ET Q q 0 0 0 rg BT 509.14 320.20 Td (could ) Tj ET Q q 0 0 0 rg BT 531.09 320.20 Td (be ) Tj ET Q q 0 0 0 rg BT 541.53 320.20 Td (adversely ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 309.40 Td (af) Tj ET Q q 0 0 0 rg BT 42.83 309.40 Td (fected. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.08 309.40 Td (W) Tj ET Q q 0 0 0 rg BT 76.85 309.40 Td (e ) Tj ET Q q 0 0 0 rg BT 83.02 309.40 Td (may ) Tj ET Q q 0 0 0 rg BT 100.69 309.40 Td (also ) Tj ET Q q 0 0 0 rg BT 117.36 309.40 Td (be ) Tj ET Q q 0 0 0 rg BT 128.03 309.40 Td (required ) Tj ET Q q 0 0 0 rg BT 160.18 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 169.36 309.40 Td (accept ) Tj ET Q q 0 0 0 rg BT 194.51 309.40 Td (more ) Tj ET Q q 0 0 0 rg BT 215.17 309.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 230.85 309.40 Td (in ) Tj ET Q q 0 0 0 rg BT 240.02 309.40 Td (areas ) Tj ET Q q 0 0 0 rg BT 260.68 309.40 Td (other ) Tj ET Q q 0 0 0 rg BT 281.34 309.40 Td (than ) Tj ET Q q 0 0 0 rg BT 299.01 309.40 Td (price ) Tj ET Q q 0 0 0 rg BT 319.17 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 328.35 309.40 Td (secure ) Tj ET Q q 0 0 0 rg BT 353.50 309.40 Td (a ) Tj ET Q q 0 0 0 rg BT 359.67 309.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 390.83 309.40 Td (which ) Tj ET Q q 0 0 0 rg BT 414.99 309.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 430.67 309.40 Td (we ) Tj ET Q q 0 0 0 rg BT 443.34 309.40 Td (may ) Tj ET Q q 0 0 0 rg BT 461.00 309.40 Td (be ) Tj ET Q q 0 0 0 rg BT 471.67 309.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 497.83 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 507.01 309.40 Td (push ) Tj ET Q q 0 0 0 rg BT 526.18 309.40 Td (down ) Tj ET Q q 0 0 0 rg BT 548.36 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 557.53 309.40 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.60 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 80.48 298.60 Td (are ) Tj ET Q q 0 0 0 rg BT 93.72 298.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 119.96 298.60 Td (or ) Tj ET Q q 0 0 0 rg BT 129.70 298.60 Td (unwilling ) Tj ET Q q 0 0 0 rg BT 166.46 298.60 Td (at ) Tj ET Q q 0 0 0 rg BT 175.20 298.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 219.94 298.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 243.68 298.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.93 298.60 Td (insure ) Tj ET Q q 0 0 0 rg BT 277.17 298.60 Td (against ) Tj ET Q q 0 0 0 rg BT 304.91 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.16 298.60 Td (which ) Tj ET Q q 0 0 0 rg BT 344.40 298.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 379.13 298.60 Td (have ) Tj ET Q q 0 0 0 rg BT 398.37 298.60 Td (to ) Tj ET Q q 0 0 0 rg BT 407.62 298.60 Td (be ) Tj ET Q q 0 0 0 rg BT 418.36 298.60 Td (managed ) Tj ET Q q 0 0 0 rg BT 453.10 298.60 Td (by ) Tj ET Q q 0 0 0 rg BT 464.35 298.60 Td (applying ) Tj ET Q q 0 0 0 rg BT 498.09 298.60 Td (other ) Tj ET Q q 0 0 0 rg BT 518.84 298.60 Td (controls) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 271.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.13 271.00 Td (of) Tj ET Q q 0 0 0 rg BT 59.47 271.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 84.10 271.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 112.74 271.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 143.37 271.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.51 271.00 Td (which ) Tj ET Q q 0 0 0 rg BT 176.65 271.00 Td (we ) Tj ET Q q 0 0 0 rg BT 189.28 271.00 Td (compete ) Tj ET Q q 0 0 0 rg BT 221.91 271.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 263.02 271.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 307.65 271.00 Td (in ) Tj ET Q q 0 0 0 rg BT 316.79 271.00 Td (the ) Tj ET Q q 0 0 0 rg BT 329.93 271.00 Td (demand ) Tj ET Q q 0 0 0 rg BT 360.56 271.00 Td (for ) Tj ET Q q 0 0 0 rg BT 373.20 271.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 401.84 271.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 435.21 271.00 Td (as ) Tj ET Q q 0 0 0 rg BT 444.85 271.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 481.48 271.00 Td (by ) Tj ET Q q 0 0 0 rg BT 492.62 271.00 Td (the ) Tj ET Q q 0 0 0 rg BT 505.76 271.00 Td (level ) Tj ET Q q 0 0 0 rg BT 525.39 271.00 Td (of ) Tj ET Q q 0 0 0 rg BT 535.02 271.00 Td (exploration ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 51.79 260.20 Td (development ) Tj ET Q q 0 0 0 rg BT 101.07 260.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 149.85 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 165.64 260.20 Td (supply ) Tj ET Q q 0 0 0 rg BT 192.44 260.20 Td (of ) Tj ET Q q 0 0 0 rg BT 202.73 260.20 Td (capable ) Tj ET Q q 0 0 0 rg BT 233.00 260.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 262.30 260.20 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 305.13 260.20 Td (The ) Tj ET Q q 0 0 0 rg BT 321.92 260.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 353.21 260.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 382.50 260.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 417.78 260.20 Td (for ) Tj ET Q q 0 0 0 rg BT 431.07 260.20 Td (our ) Tj ET Q q 0 0 0 rg BT 445.86 260.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 475.16 260.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 491.45 260.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 526.73 260.20 Td (employed ) Tj ET Q q 0 0 0 rg BT 565.02 260.20 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 249.40 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 74.15 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 83.31 249.40 Td (expire ) Tj ET Q q 0 0 0 rg BT 107.96 249.40 Td (from ) Tj ET Q q 0 0 0 rg BT 127.62 249.40 Td (July ) Tj ET Q q 0 0 0 rg BT 144.78 249.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 164.94 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 174.11 249.40 Td (May ) Tj ET Q q 0 0 0 rg BT 192.77 249.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 212.93 249.40 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 253.58 249.40 Td (any ) Tj ET Q q 0 0 0 rg BT 268.73 249.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 302.39 249.40 Td (future ) Tj ET Q q 0 0 0 rg BT 326.04 249.40 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 356.20 249.40 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 393.10 249.40 Td (and ) Tj ET Q q 0 0 0 rg BT 408.25 249.40 Td (any ) Tj ET Q q 0 0 0 rg BT 423.41 249.40 Td (options ) Tj ET Q q 0 0 0 rg BT 452.07 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 461.24 249.40 Td (extend\) ) Tj ET Q q 0 0 0 rg BT 490.39 249.40 Td (if ) Tj ET Q q 0 0 0 rg BT 498.05 249.40 Td (such ) Tj ET Q q 0 0 0 rg BT 516.70 249.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 551.35 249.40 Td (are ) Tj ET Q q 0 0 0 rg BT 564.50 249.40 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.60 Td (earlier ) Tj ET Q q 0 0 0 rg BT 61.49 238.60 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 104.73 238.60 Td (Upon ) Tj ET Q q 0 0 0 rg BT 127.24 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.74 238.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 179.74 238.60 Td (or ) Tj ET Q q 0 0 0 rg BT 189.74 238.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 233.74 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.74 238.60 Td (their ) Tj ET Q q 0 0 0 rg BT 262.74 238.60 Td (current ) Tj ET Q q 0 0 0 rg BT 290.74 238.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 327.98 238.60 Td (we ) Tj ET Q q 0 0 0 rg BT 340.98 238.60 Td (may ) Tj ET Q q 0 0 0 rg BT 358.99 238.60 Td (not ) Tj ET Q q 0 0 0 rg BT 372.99 238.60 Td (be ) Tj ET Q q 0 0 0 rg BT 384.00 238.60 Td (able ) Tj ET Q q 0 0 0 rg BT 401.50 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.00 238.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 436.01 238.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 471.00 238.60 Td (for ) Tj ET Q q 0 0 0 rg BT 484.00 238.60 Td (our ) Tj ET Q q 0 0 0 rg BT 498.51 238.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 527.52 238.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 543.52 238.60 Td (currently ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.80 Td (employed ) Tj ET Q q 0 0 0 rg BT 73.33 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.17 227.80 Td (there ) Tj ET Q q 0 0 0 rg BT 108.00 227.80 Td (may ) Tj ET Q q 0 0 0 rg BT 125.34 227.80 Td (be ) Tj ET Q q 0 0 0 rg BT 135.67 227.80 Td (a ) Tj ET Q q 0 0 0 rg BT 141.51 227.80 Td (gap ) Tj ET Q q 0 0 0 rg BT 156.35 227.80 Td (in ) Tj ET Q q 0 0 0 rg BT 165.19 227.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 212.02 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.36 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 234.20 227.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 249.54 227.80 Td (between ) Tj ET Q q 0 0 0 rg BT 281.37 227.80 Td (current ) Tj ET Q q 0 0 0 rg BT 308.69 227.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 343.02 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.86 227.80 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 399.69 227.80 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 436.27 227.80 Td (In ) Tj ET Q q 0 0 0 rg BT 445.61 227.80 Td (particular) Tj ET Q q 0 0 0 rg BT 479.73 227.80 Td (, ) Tj ET Q q 0 0 0 rg BT 483.82 227.80 Td (if, ) Tj ET Q q 0 0 0 rg BT 493.41 227.80 Td (as ) Tj ET Q q 0 0 0 rg BT 502.75 227.80 Td (is ) Tj ET Q q 0 0 0 rg BT 510.60 227.80 Td (presently ) Tj ET Q q 0 0 0 rg BT 545.43 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 558.27 227.80 Td (case, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 217.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 47.46 217.00 Td (and ) Tj ET Q q 0 0 0 rg BT 62.42 217.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 76.37 217.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 99.82 217.00 Td (are ) Tj ET Q q 0 0 0 rg BT 112.77 217.00 Td (low) Tj ET Q q 0 0 0 rg BT 125.68 217.00 Td (, ) Tj ET Q q 0 0 0 rg BT 129.89 217.00 Td (or ) Tj ET Q q 0 0 0 rg BT 139.35 217.00 Td (it ) Tj ET Q q 0 0 0 rg BT 146.31 217.00 Td (is ) Tj ET Q q 0 0 0 rg BT 154.27 217.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 188.21 217.00 Td (that ) Tj ET Q q 0 0 0 rg BT 203.67 217.00 Td (such ) Tj ET Q q 0 0 0 rg BT 222.13 217.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 245.58 217.00 Td (will ) Tj ET Q q 0 0 0 rg BT 261.54 217.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 294.47 217.00 Td (in ) Tj ET Q q 0 0 0 rg BT 303.43 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.38 217.00 Td (future, ) Tj ET Q q 0 0 0 rg BT 342.08 217.00 Td (at ) Tj ET Q q 0 0 0 rg BT 350.54 217.00 Td (a ) Tj ET Q q 0 0 0 rg BT 356.49 217.00 Td (time ) Tj ET Q q 0 0 0 rg BT 374.45 217.00 Td (when ) Tj ET Q q 0 0 0 rg BT 395.90 217.00 Td (we ) Tj ET Q q 0 0 0 rg BT 408.36 217.00 Td (are ) Tj ET Q q 0 0 0 rg BT 421.30 217.00 Td (seeking ) Tj ET Q q 0 0 0 rg BT 450.76 217.00 Td (to ) Tj ET Q q 0 0 0 rg BT 459.72 217.00 Td (arrange ) Tj ET Q q 0 0 0 rg BT 488.65 217.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 523.10 217.00 Td (for ) Tj ET Q q 0 0 0 rg BT 535.55 217.00 Td (our ) Tj ET Q q 0 0 0 rg BT 549.51 217.00 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 206.20 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 54.00 206.20 Td (we ) Tj ET Q q 0 0 0 rg BT 66.74 206.20 Td (may ) Tj ET Q q 0 0 0 rg BT 84.49 206.20 Td (not ) Tj ET Q q 0 0 0 rg BT 98.24 206.20 Td (be ) Tj ET Q q 0 0 0 rg BT 108.98 206.20 Td (able ) Tj ET Q q 0 0 0 rg BT 126.22 206.20 Td (to ) Tj ET Q q 0 0 0 rg BT 135.47 206.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 160.22 206.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 188.97 206.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 223.70 206.20 Td (at ) Tj ET Q q 0 0 0 rg BT 232.45 206.20 Td (attractive ) Tj ET Q q 0 0 0 rg BT 268.18 206.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 300.41 206.20 Td (or ) Tj ET Q q 0 0 0 rg BT 310.16 206.20 Td (at ) Tj ET Q q 0 0 0 rg BT 318.90 206.20 Td (all.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 178.60 Td (If ) Tj ET Q q 0 0 0 rg BT 44.02 178.60 Td (the ) Tj ET Q q 0 0 0 rg BT 57.05 178.60 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 89.06 178.60 Td (that ) Tj ET Q q 0 0 0 rg BT 104.59 178.60 Td (we ) Tj ET Q q 0 0 0 rg BT 117.11 178.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 145.12 178.60 Td (for ) Tj ET Q q 0 0 0 rg BT 157.65 178.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.67 178.60 Td (reemployment ) Tj ET Q q 0 0 0 rg BT 224.68 178.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.21 178.60 Td (our ) Tj ET Q q 0 0 0 rg BT 248.24 178.60 Td (current ) Tj ET Q q 0 0 0 rg BT 275.75 178.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 304.28 178.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 319.81 178.60 Td (are ) Tj ET Q q 0 0 0 rg BT 332.83 178.60 Td (less ) Tj ET Q q 0 0 0 rg BT 348.36 178.60 Td (favorable, ) Tj ET Q q 0 0 0 rg BT 386.62 178.60 Td (we ) Tj ET Q q 0 0 0 rg BT 399.14 178.60 Td (will ) Tj ET Q q 0 0 0 rg BT 415.17 178.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 452.18 178.60 Td (less ) Tj ET Q q 0 0 0 rg BT 467.71 178.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 498.22 178.60 Td (from ) Tj ET Q q 0 0 0 rg BT 517.75 178.60 Td (their ) Tj ET Q q 0 0 0 rg BT 536.27 178.60 Td (operations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 167.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.18 167.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.35 167.80 Td (to ) Tj ET Q q 0 0 0 rg BT 86.53 167.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 106.20 167.80 Td (our ) Tj ET Q q 0 0 0 rg BT 120.37 167.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 138.54 167.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 157.22 167.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 199.40 167.80 Td (will ) Tj ET Q q 0 0 0 rg BT 215.58 167.80 Td (depend ) Tj ET Q q 0 0 0 rg BT 243.75 167.80 Td (on ) Tj ET Q q 0 0 0 rg BT 254.92 167.80 Td (our ) Tj ET Q q 0 0 0 rg BT 269.10 167.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 294.28 167.80 Td (to ) Tj ET Q q 0 0 0 rg BT 303.46 167.80 Td (consistently ) Tj ET Q q 0 0 0 rg BT 348.63 167.80 Td (secure ) Tj ET Q q 0 0 0 rg BT 373.79 167.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 402.47 167.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 437.13 167.80 Td (for ) Tj ET Q q 0 0 0 rg BT 449.81 167.80 Td (our ) Tj ET Q q 0 0 0 rg BT 463.98 167.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 492.66 167.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 508.34 167.80 Td (at ) Tj ET Q q 0 0 0 rg BT 517.01 167.80 Td (suf) Tj ET Q q 0 0 0 rg BT 527.85 167.80 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 560.02 167.80 Td (high ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 157.00 Td (dayrates. ) Tj ET Q q 0 0 0 rg BT 70.27 157.00 Td (W) Tj ET Q q 0 0 0 rg BT 78.04 157.00 Td (e ) Tj ET Q q 0 0 0 rg BT 84.23 157.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 110.41 157.00 Td (predict ) Tj ET Q q 0 0 0 rg BT 137.58 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 150.77 157.00 Td (future ) Tj ET Q q 0 0 0 rg BT 174.45 157.00 Td (level ) Tj ET Q q 0 0 0 rg BT 194.13 157.00 Td (of ) Tj ET Q q 0 0 0 rg BT 203.82 157.00 Td (demand ) Tj ET Q q 0 0 0 rg BT 234.50 157.00 Td (for ) Tj ET Q q 0 0 0 rg BT 247.19 157.00 Td (our ) Tj ET Q q 0 0 0 rg BT 261.37 157.00 Td (services ) Tj ET Q q 0 0 0 rg BT 292.55 157.00 Td (or ) Tj ET Q q 0 0 0 rg BT 302.24 157.00 Td (future ) Tj ET Q q 0 0 0 rg BT 325.92 157.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 365.61 157.00 Td (in ) Tj ET Q q 0 0 0 rg BT 374.80 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 387.99 157.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 399.68 157.00 Td (and ) Tj ET Q q 0 0 0 rg BT 414.86 157.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 429.05 157.00 Td (industry) Tj ET Q q 0 0 0 rg BT 457.97 157.00 Td (. ) Tj ET Q q 0 0 0 rg BT 462.41 157.00 Td (If ) Tj ET Q q 0 0 0 rg BT 470.59 157.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 482.29 157.00 Td (and ) Tj ET Q q 0 0 0 rg BT 497.47 157.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 511.66 157.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 535.34 157.00 Td (remain ) Tj ET Q q 0 0 0 rg BT 562.52 157.00 Td (low ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 146.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 60.42 146.20 Td (if ) Tj ET Q q 0 0 0 rg BT 67.34 146.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 107.26 146.20 Td (do ) Tj ET Q q 0 0 0 rg BT 117.68 146.20 Td (not ) Tj ET Q q 0 0 0 rg BT 130.61 146.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 163.03 146.20 Td (to ) Tj ET Q q 0 0 0 rg BT 171.45 146.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.36 146.20 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 247.02 146.20 Td (development ) Tj ET Q q 0 0 0 rg BT 294.93 146.20 Td (and ) Tj ET Q q 0 0 0 rg BT 309.35 146.20 Td (production ) Tj ET Q q 0 0 0 rg BT 349.77 146.20 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 399.43 146.20 Td (we ) Tj ET Q q 0 0 0 rg BT 411.35 146.20 Td (may ) Tj ET Q q 0 0 0 rg BT 428.27 146.20 Td (have ) Tj ET Q q 0 0 0 rg BT 446.69 146.20 Td (dif) Tj ET Q q 0 0 0 rg BT 456.53 146.20 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 481.44 146.20 Td (securing ) Tj ET Q q 0 0 0 rg BT 513.36 146.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 541.29 146.20 Td (contracts, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 135.40 Td (or ) Tj ET Q q 0 0 0 rg BT 46.20 135.40 Td (we ) Tj ET Q q 0 0 0 rg BT 59.40 135.40 Td (may ) Tj ET Q q 0 0 0 rg BT 77.59 135.40 Td (be ) Tj ET Q q 0 0 0 rg BT 88.79 135.40 Td (forced ) Tj ET Q q 0 0 0 rg BT 114.48 135.40 Td (to ) Tj ET Q q 0 0 0 rg BT 124.18 135.40 Td (enter ) Tj ET Q q 0 0 0 rg BT 144.87 135.40 Td (into ) Tj ET Q q 0 0 0 rg BT 161.57 135.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 196.76 135.40 Td (at ) Tj ET Q q 0 0 0 rg BT 205.96 135.40 Td (unattractive ) Tj ET Q q 0 0 0 rg BT 251.14 135.40 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 286.08 135.40 Td (which ) Tj ET Q q 0 0 0 rg BT 310.77 135.40 Td (would ) Tj ET Q q 0 0 0 rg BT 335.98 135.40 Td (have ) Tj ET Q q 0 0 0 rg BT 355.67 135.40 Td (a ) Tj ET Q q 0 0 0 rg BT 362.36 135.40 Td (material ) Tj ET Q q 0 0 0 rg BT 394.55 135.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 424.74 135.40 Td (ef) Tj ET Q q 0 0 0 rg BT 431.56 135.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 447.75 135.40 Td (on ) Tj ET Q q 0 0 0 rg BT 459.46 135.40 Td (our ) Tj ET Q q 0 0 0 rg BT 474.16 135.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.34 135.40 Td (position, ) Tj ET Q q 0 0 0 rg BT 542.30 135.40 Td (results ) Tj ET Q q 0 0 0 rg BT 568.50 135.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 77.99 124.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.23 124.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 114.98 124.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.22 124.60 Td (our ) Tj ET Q q 0 0 0 rg BT 144.47 124.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 169.72 124.60 Td (to ) Tj ET Q q 0 0 0 rg BT 178.97 124.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 194.21 124.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 231.46 124.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.71 124.60 Td (our ) Tj ET Q q 0 0 0 rg BT 254.96 124.60 Td (shareholders.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 97.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.26 97.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 86.01 97.00 Td (backlog ) Tj ET Q q 0 0 0 rg BT 117.25 97.00 Td (for ) Tj ET Q q 0 0 0 rg BT 130.50 97.00 Td (our ) Tj ET Q q 0 0 0 rg BT 145.76 97.00 Td (fleet ) Tj ET Q q 0 0 0 rg BT 164.00 97.00 Td (of ) Tj ET Q q 0 0 0 rg BT 173.74 97.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 203.50 97.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 219.76 97.00 Td (may ) Tj ET Q q 0 0 0 rg BT 237.50 97.00 Td (not ) Tj ET Q q 0 0 0 rg BT 251.76 97.00 Td (be ) Tj ET Q q 0 0 0 rg BT 262.50 97.00 Td (realized.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 83.20 Td (As ) Tj ET Q q 0 0 0 rg BT 47.87 83.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.24 83.20 Td (March31, ) Tj ET Q q 0 0 0 rg BT 96.10 83.20 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.10 83.20 Td (, ) Tj ET Q q 0 0 0 rg BT 118.23 83.20 Td (our ) Tj ET Q q 0 0 0 rg BT 132.10 83.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 162.95 83.20 Td (backlog ) Tj ET Q q 0 0 0 rg BT 193.31 83.20 Td (was ) Tj ET Q q 0 0 0 rg BT 209.18 83.20 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.03 83.20 Td ($630 ) Tj ET Q q 0 0 0 rg BT 282.91 83.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.91 83.20 Td (. ) Tj ET Q q 0 0 0 rg BT 312.90 83.20 Td (The ) Tj ET Q q 0 0 0 rg BT 328.76 83.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 359.61 83.20 Td (backlog ) Tj ET Q q 0 0 0 rg BT 389.98 83.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 426.33 83.20 Td (in ) Tj ET Q q 0 0 0 rg BT 435.20 83.20 Td (this ) Tj ET Q q 0 0 0 rg BT 449.67 83.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 478.03 83.20 Td (Report ) Tj ET Q q 0 0 0 rg BT 504.40 83.20 Td (and ) Tj ET Q q 0 0 0 rg BT 519.27 83.20 Td (our ) Tj ET Q q 0 0 0 rg BT 533.14 83.20 Td (other ) Tj ET Q q 0 0 0 rg BT 553.50 83.20 Td (public ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 72.40 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 78.44 72.40 Td (is ) Tj ET Q q 0 0 0 rg BT 86.89 72.40 Td (only ) Tj ET Q q 0 0 0 rg BT 105.34 72.40 Td (an ) Tj ET Q q 0 0 0 rg BT 116.28 72.40 Td (estimate. ) Tj ET Q q 0 0 0 rg BT 150.79 72.40 Td (The ) Tj ET Q q 0 0 0 rg BT 167.23 72.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 191.17 72.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 220.61 72.40 Td (of ) Tj ET Q q 0 0 0 rg BT 230.55 72.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 264.98 72.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 291.41 72.40 Td (and ) Tj ET Q q 0 0 0 rg BT 306.86 72.40 Td (the ) Tj ET Q q 0 0 0 rg BT 320.30 72.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 344.23 72.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 373.17 72.40 Td (during ) Tj ET Q q 0 0 0 rg BT 399.12 72.40 Td (which ) Tj ET Q q 0 0 0 rg BT 423.56 72.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 457.99 72.40 Td (are ) Tj ET Q q 0 0 0 rg BT 471.43 72.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 497.86 72.40 Td (will ) Tj ET Q q 0 0 0 rg BT 514.30 72.40 Td (be ) Tj ET Q q 0 0 0 rg BT 525.25 72.40 Td (dif) Tj ET Q q 0 0 0 rg BT 535.08 72.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 558.51 72.40 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.60 Td (the ) Tj ET Q q 0 0 0 rg BT 49.23 61.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 80.44 61.60 Td (backlog ) Tj ET Q q 0 0 0 rg BT 111.16 61.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 153.39 61.60 Td (due ) Tj ET Q q 0 0 0 rg BT 168.61 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.85 61.60 Td (various ) Tj ET Q q 0 0 0 rg BT 206.57 61.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 235.54 61.60 Td (including ) Tj ET Q q 0 0 0 rg BT 271.77 61.60 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 305.00 61.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.23 61.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 367.93 61.60 Td (projects, ) Tj ET Q q 0 0 0 rg BT 400.90 61.60 Td (downtime ) Tj ET Q q 0 0 0 rg BT 439.13 61.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.36 61.60 Td (other ) Tj ET Q q 0 0 0 rg BT 475.08 61.60 Td (events ) Tj ET Q q 0 0 0 rg BT 500.31 61.60 Td (within ) Tj ET Q q 0 0 0 rg BT 525.54 61.60 Td (or ) Tj ET Q q 0 0 0 rg BT 535.27 61.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 564.00 61.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.80 Td (control. ) Tj ET Q q 0 0 0 rg BT 65.75 50.80 Td (In ) Tj ET Q q 0 0 0 rg BT 75.26 50.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 109.01 50.80 Td (we ) Tj ET Q q 0 0 0 rg BT 121.51 50.80 Td (or ) Tj ET Q q 0 0 0 rg BT 131.02 50.80 Td (our ) Tj ET Q q 0 0 0 rg BT 145.02 50.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 183.52 50.80 Td (may ) Tj ET Q q 0 0 0 rg BT 201.03 50.80 Td (seek ) Tj ET Q q 0 0 0 rg BT 219.03 50.80 Td (to ) Tj ET Q q 0 0 0 rg BT 228.04 50.80 Td (cancel ) Tj ET Q q 0 0 0 rg BT 253.02 50.80 Td (or ) Tj ET Q q 0 0 0 rg BT 262.53 50.80 Td (renegotiate ) Tj ET Q q 0 0 0 rg BT 304.51 50.80 Td (our ) Tj ET Q q 0 0 0 rg BT 318.52 50.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 353.01 50.80 Td (for ) Tj ET Q q 0 0 0 rg BT 365.52 50.80 Td (various ) Tj ET Q q 0 0 0 rg BT 394.02 50.80 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 425.27 50.80 Td (including ) Tj ET Q q 0 0 0 rg BT 461.27 50.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 490.76 50.80 Td (market ) Tj ET Q q 0 0 0 rg BT 517.76 50.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 559.52 50.80 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 40.00 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 40.00 Td (the ) Tj ET Q q 0 0 0 rg BT 58.99 40.00 Td (current ) Tj ET Q q 0 0 0 rg BT 86.73 40.00 Td (environment, ) Tj ET Q q 0 0 0 rg BT 136.71 40.00 Td (resulting ) Tj ET Q q 0 0 0 rg BT 170.46 40.00 Td (in ) Tj ET Q q 0 0 0 rg BT 179.71 40.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 202.45 40.00 Td (dayrates.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 90.61 736.00 Td (under ) Tj ET Q q 0 0 0 rg BT 113.71 736.00 Td (our ) Tj ET Q q 0 0 0 rg BT 128.31 736.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 157.42 736.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 192.52 736.00 Td (is ) Tj ET Q q 0 0 0 rg BT 201.13 736.00 Td (based ) Tj ET Q q 0 0 0 rg BT 224.23 736.00 Td (on ) Tj ET Q q 0 0 0 rg BT 235.84 736.00 Td (daily ) Tj ET Q q 0 0 0 rg BT 256.44 736.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 304.52 736.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 330.12 736.00 Td (availability ) Tj ET Q q 0 0 0 rg BT 373.22 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 383.33 736.00 Td (each ) Tj ET Q q 0 0 0 rg BT 402.42 736.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 431.53 736.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 444.14 736.00 Td (in ) Tj ET Q q 0 0 0 rg BT 453.75 736.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 496.82 736.00 Td (with ) Tj ET Q q 0 0 0 rg BT 515.43 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 529.03 736.00 Td (requirements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (specified ) Tj ET Q q 0 0 0 rg BT 70.38 725.20 Td (in ) Tj ET Q q 0 0 0 rg BT 79.27 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 92.17 725.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 131.04 725.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 159.43 725.20 Td (contract. ) Tj ET Q q 0 0 0 rg BT 192.56 725.20 Td (For ) Tj ET Q q 0 0 0 rg BT 206.96 725.20 Td (instance, ) Tj ET Q q 0 0 0 rg BT 240.59 725.20 Td (when ) Tj ET Q q 0 0 0 rg BT 261.98 725.20 Td (our ) Tj ET Q q 0 0 0 rg BT 275.87 725.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 304.27 725.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 319.66 725.20 Td (are ) Tj ET Q q 0 0 0 rg BT 332.54 725.20 Td (idle, ) Tj ET Q q 0 0 0 rg BT 350.18 725.20 Td (but ) Tj ET Q q 0 0 0 rg BT 363.58 725.20 Td (available ) Tj ET Q q 0 0 0 rg BT 397.95 725.20 Td (for ) Tj ET Q q 0 0 0 rg BT 410.34 725.20 Td (operation, ) Tj ET Q q 0 0 0 rg BT 448.48 725.20 Td (our ) Tj ET Q q 0 0 0 rg BT 462.37 725.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 500.75 725.20 Td (are ) Tj ET Q q 0 0 0 rg BT 513.64 725.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 549.01 725.20 Td (entitled ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 714.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 60.50 714.40 Td (a ) Tj ET Q q 0 0 0 rg BT 66.74 714.40 Td (waiting ) Tj ET Q q 0 0 0 rg BT 95.99 714.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 111.72 714.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 134.46 714.40 Td (than ) Tj ET Q q 0 0 0 rg BT 152.21 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 165.45 714.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 208.19 714.40 Td (rate.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (Several ) Tj ET Q q 0 0 0 rg BT 65.24 686.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 91.97 686.80 Td (could ) Tj ET Q q 0 0 0 rg BT 114.22 686.80 Td (cause ) Tj ET Q q 0 0 0 rg BT 136.45 686.80 Td (an ) Tj ET Q q 0 0 0 rg BT 147.20 686.80 Td (interruption ) Tj ET Q q 0 0 0 rg BT 191.94 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 201.69 686.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 243.68 686.80 Td (including:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 673.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 673.00 Td (breakdowns ) Tj ET Q q 0 0 0 rg BT 108.74 673.00 Td (of ) Tj ET Q q 0 0 0 rg BT 118.49 673.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 158.73 673.00 Td (and ) Tj ET Q q 0 0 0 rg BT 173.97 673.00 Td (other ) Tj ET Q q 0 0 0 rg BT 194.71 673.00 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 236.44 673.00 Td (engineering ) Tj ET Q q 0 0 0 rg BT 281.18 673.00 Td (problems;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 659.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 659.20 Td (failure ) Tj ET Q q 0 0 0 rg BT 88.73 659.20 Td (by ) Tj ET Q q 0 0 0 rg BT 99.98 659.20 Td (our ) Tj ET Q q 0 0 0 rg BT 114.23 659.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 154.97 659.20 Td (or ) Tj ET Q q 0 0 0 rg BT 164.72 659.20 Td (contractors ) Tj ET Q q 0 0 0 rg BT 206.95 659.20 Td (to ) Tj ET Q q 0 0 0 rg BT 216.20 659.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 244.93 659.20 Td (critical ) Tj ET Q q 0 0 0 rg BT 272.16 659.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 312.40 659.20 Td (on ) Tj ET Q q 0 0 0 rg BT 323.65 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.90 659.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 365.65 659.20 Td (rigs;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 645.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 645.40 Td (work ) Tj ET Q q 0 0 0 rg BT 83.75 645.40 Td (stoppages, ) Tj ET Q q 0 0 0 rg BT 123.74 645.40 Td (including ) Tj ET Q q 0 0 0 rg BT 159.99 645.40 Td (labor ) Tj ET Q q 0 0 0 rg BT 180.73 645.40 Td (strikes;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 631.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 631.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 99.24 631.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.99 631.60 Td (material ) Tj ET Q q 0 0 0 rg BT 140.72 631.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.97 631.60 Td (skilled ) Tj ET Q q 0 0 0 rg BT 182.21 631.60 Td (labor;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 617.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 617.80 Td (delays ) Tj ET Q q 0 0 0 rg BT 88.24 617.80 Td (in ) Tj ET Q q 0 0 0 rg BT 97.49 617.80 Td (repairs ) Tj ET Q q 0 0 0 rg BT 124.23 617.80 Td (by ) Tj ET Q q 0 0 0 rg BT 135.48 617.80 Td (suppliers;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 604.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 604.00 Td (surveys ) Tj ET Q q 0 0 0 rg BT 92.75 604.00 Td (by ) Tj ET Q q 0 0 0 rg BT 104.00 604.00 Td (government ) Tj ET Q q 0 0 0 rg BT 149.23 604.00 Td (and ) Tj ET Q q 0 0 0 rg BT 164.48 604.00 Td (maritime ) Tj ET Q q 0 0 0 rg BT 199.22 604.00 Td (authorities;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 590.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 590.20 Td (periodic ) Tj ET Q q 0 0 0 rg BT 94.74 590.20 Td (classification ) Tj ET Q q 0 0 0 rg BT 144.47 590.20 Td (surveys;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 576.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 576.40 Td (severe ) Tj ET Q q 0 0 0 rg BT 88.23 576.40 Td (weather) Tj ET Q q 0 0 0 rg BT 116.35 576.40 Td (, ) Tj ET Q q 0 0 0 rg BT 120.85 576.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 145.60 576.40 Td (ocean ) Tj ET Q q 0 0 0 rg BT 168.84 576.40 Td (currents ) Tj ET Q q 0 0 0 rg BT 200.07 576.40 Td (or ) Tj ET Q q 0 0 0 rg BT 209.82 576.40 Td (harsh ) Tj ET Q q 0 0 0 rg BT 231.57 576.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.80 576.40 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 310.05 576.40 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 562.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 562.60 Td (force ) Tj ET Q q 0 0 0 rg BT 83.73 562.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 114.97 562.60 Td (events.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 535.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.58 535.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.40 535.00 Td (if ) Tj ET Q q 0 0 0 rg BT 86.98 535.00 Td (our ) Tj ET Q q 0 0 0 rg BT 101.05 535.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 129.63 535.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 145.21 535.00 Td (are ) Tj ET Q q 0 0 0 rg BT 158.27 535.00 Td (taken ) Tj ET Q q 0 0 0 rg BT 179.84 535.00 Td (out ) Tj ET Q q 0 0 0 rg BT 193.42 535.00 Td (of ) Tj ET Q q 0 0 0 rg BT 203.00 535.00 Td (service ) Tj ET Q q 0 0 0 rg BT 230.56 535.00 Td (for ) Tj ET Q q 0 0 0 rg BT 243.13 535.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 290.69 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 305.76 535.00 Td (repair ) Tj ET Q q 0 0 0 rg BT 328.82 535.00 Td (for ) Tj ET Q q 0 0 0 rg BT 341.39 535.00 Td (a ) Tj ET Q q 0 0 0 rg BT 347.47 535.00 Td (period ) Tj ET Q q 0 0 0 rg BT 372.54 535.00 Td (of ) Tj ET Q q 0 0 0 rg BT 382.11 535.00 Td (time ) Tj ET Q q 0 0 0 rg BT 400.19 535.00 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 438.75 535.00 Td (the ) Tj ET Q q 0 0 0 rg BT 451.82 535.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 489.88 535.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 537.44 535.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 566.01 535.00 Td (set ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 524.20 Td (forth ) Tj ET Q q 0 0 0 rg BT 56.22 524.20 Td (in ) Tj ET Q q 0 0 0 rg BT 65.95 524.20 Td (our ) Tj ET Q q 0 0 0 rg BT 80.67 524.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 109.90 524.20 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 147.36 524.20 Td (we ) Tj ET Q q 0 0 0 rg BT 160.58 524.20 Td (will ) Tj ET Q q 0 0 0 rg BT 177.31 524.20 Td (not ) Tj ET Q q 0 0 0 rg BT 191.54 524.20 Td (be ) Tj ET Q q 0 0 0 rg BT 202.76 524.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 232.48 524.20 Td (to ) Tj ET Q q 0 0 0 rg BT 242.21 524.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 275.92 524.20 Td (of ) Tj ET Q q 0 0 0 rg BT 286.15 524.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 318.86 524.20 Td (until ) Tj ET Q q 0 0 0 rg BT 338.09 524.20 Td (the ) Tj ET Q q 0 0 0 rg BT 351.81 524.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 383.52 524.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 396.24 524.20 Td (is ) Tj ET Q q 0 0 0 rg BT 404.97 524.20 Td (available ) Tj ET Q q 0 0 0 rg BT 440.18 524.20 Td (for ) Tj ET Q q 0 0 0 rg BT 453.40 524.20 Td (deployment. ) Tj ET Q q 0 0 0 rg BT 500.87 524.20 Td (If ) Tj ET Q q 0 0 0 rg BT 509.59 524.20 Td (the ) Tj ET Q q 0 0 0 rg BT 523.31 524.20 Td (interruption ) Tj ET Q q 0 0 0 rg BT 568.53 524.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 513.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.93 513.40 Td (were ) Tj ET Q q 0 0 0 rg BT 95.86 513.40 Td (to ) Tj ET Q q 0 0 0 rg BT 105.30 513.40 Td (exceed ) Tj ET Q q 0 0 0 rg BT 132.72 513.40 Td (a ) Tj ET Q q 0 0 0 rg BT 139.16 513.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 182.09 513.40 Td (period ) Tj ET Q q 0 0 0 rg BT 207.52 513.40 Td (due ) Tj ET Q q 0 0 0 rg BT 222.96 513.40 Td (to ) Tj ET Q q 0 0 0 rg BT 232.40 513.40 Td (an ) Tj ET Q q 0 0 0 rg BT 243.34 513.40 Td (event ) Tj ET Q q 0 0 0 rg BT 265.27 513.40 Td (of ) Tj ET Q q 0 0 0 rg BT 275.21 513.40 Td (force ) Tj ET Q q 0 0 0 rg BT 296.13 513.40 Td (majeure, ) Tj ET Q q 0 0 0 rg BT 329.81 513.40 Td (our ) Tj ET Q q 0 0 0 rg BT 344.25 513.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 383.18 513.40 Td (have ) Tj ET Q q 0 0 0 rg BT 402.61 513.40 Td (the ) Tj ET Q q 0 0 0 rg BT 416.05 513.40 Td (right ) Tj ET Q q 0 0 0 rg BT 435.49 513.40 Td (to ) Tj ET Q q 0 0 0 rg BT 444.94 513.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 460.37 513.40 Td (a ) Tj ET Q q 0 0 0 rg BT 466.81 513.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 482.74 513.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 499.17 513.40 Td (force ) Tj ET Q q 0 0 0 rg BT 524.09 513.40 Td (majeure ) Tj ET Q q 0 0 0 rg BT 555.52 513.40 Td (rate\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 502.60 Td (that ) Tj ET Q q 0 0 0 rg BT 51.72 502.60 Td (is ) Tj ET Q q 0 0 0 rg BT 59.94 502.60 Td (normally ) Tj ET Q q 0 0 0 rg BT 94.66 502.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 141.87 502.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 164.58 502.60 Td (than ) Tj ET Q q 0 0 0 rg BT 182.30 502.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.52 502.60 Td (waiting ) Tj ET Q q 0 0 0 rg BT 224.73 502.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 240.44 502.60 Td (for ) Tj ET Q q 0 0 0 rg BT 253.16 502.60 Td (a ) Tj ET Q q 0 0 0 rg BT 259.37 502.60 Td (period ) Tj ET Q q 0 0 0 rg BT 284.59 502.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.31 502.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 314.77 502.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 332.24 502.60 Td (thereafter) Tj ET Q q 0 0 0 rg BT 366.35 502.60 Td (, ) Tj ET Q q 0 0 0 rg BT 370.82 502.60 Td (may ) Tj ET Q q 0 0 0 rg BT 388.54 502.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 424.74 502.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.96 502.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 466.68 502.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 501.39 502.60 Td (related ) Tj ET Q q 0 0 0 rg BT 528.09 502.60 Td (to ) Tj ET Q q 0 0 0 rg BT 537.31 502.60 Td (the ) Tj ET Q q 0 0 0 rg BT 550.53 502.60 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.80 Td (rig. ) Tj ET Q q 0 0 0 rg BT 49.71 491.80 Td (For ) Tj ET Q q 0 0 0 rg BT 63.68 491.80 Td (more ) Tj ET Q q 0 0 0 rg BT 83.64 491.80 Td (details ) Tj ET Q q 0 0 0 rg BT 108.60 491.80 Td (on ) Tj ET Q q 0 0 0 rg BT 119.07 491.80 Td (our ) Tj ET Q q 0 0 0 rg BT 132.53 491.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 160.50 491.80 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 196.70 491.80 Td (please ) Tj ET Q q 0 0 0 rg BT 220.65 491.80 Td (see ) Tj ET Q q 0 0 0 rg BT 233.61 491.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 255.57 491.80 Td (4. ) Tj ET Q q 0 0 0 rg BT 263.78 491.80 Td (Information ) Tj ET Q q 0 0 0 rg BT 308.24 491.80 Td (on ) Tj ET Q q 0 0 0 rg BT 318.70 491.80 Td (the ) Tj ET Q q 0 0 0 rg BT 331.17 491.80 Td (CompanyB. ) Tj ET Q q 0 0 0 rg BT 384.88 491.80 Td (Business ) Tj ET Q q 0 0 0 rg BT 418.36 491.80 Td (OverviewDrilling ) Tj ET Q q 0 0 0 rg BT 492.81 491.80 Td (Contracts. ) Tj ET Q q 0 0 0 rg BT 535.01 491.80 Td (Suspension ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 46.06 481.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 75.13 481.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 106.67 481.00 Td (payments, ) Tj ET Q q 0 0 0 rg BT 145.98 481.00 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 185.04 481.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 218.60 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.66 481.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 259.70 481.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 279.26 481.00 Td (or ) Tj ET Q q 0 0 0 rg BT 289.32 481.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 333.38 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 343.44 481.00 Td (any ) Tj ET Q q 0 0 0 rg BT 359.00 481.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 388.06 481.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 419.61 481.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 463.15 481.00 Td (as ) Tj ET Q q 0 0 0 rg BT 473.22 481.00 Td (a ) Tj ET Q q 0 0 0 rg BT 479.78 481.00 Td (result ) Tj ET Q q 0 0 0 rg BT 502.34 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 512.40 481.00 Td (an ) Tj ET Q q 0 0 0 rg BT 523.46 481.00 Td (interruption ) Tj ET Q q 0 0 0 rg BT 568.52 481.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 470.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 76.92 470.20 Td (as ) Tj ET Q q 0 0 0 rg BT 87.84 470.20 Td (described ) Tj ET Q q 0 0 0 rg BT 125.76 470.20 Td (herein ) Tj ET Q q 0 0 0 rg BT 151.67 470.20 Td (could ) Tj ET Q q 0 0 0 rg BT 175.10 470.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 215.01 470.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 252.92 470.20 Td (af) Tj ET Q q 0 0 0 rg BT 259.75 470.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 276.67 470.20 Td (our ) Tj ET Q q 0 0 0 rg BT 292.09 470.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 327.00 470.20 Td (condition, ) Tj ET Q q 0 0 0 rg BT 366.68 470.20 Td (results ) Tj ET Q q 0 0 0 rg BT 393.60 470.20 Td (of ) Tj ET Q q 0 0 0 rg BT 404.53 470.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 445.45 470.20 Td (and ) Tj ET Q q 0 0 0 rg BT 461.87 470.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 488.30 470.20 Td (to ) Tj ET Q q 0 0 0 rg BT 498.73 470.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 515.15 470.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 553.58 470.20 Td (to ) Tj ET Q q 0 0 0 rg BT 564.00 470.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 459.40 Td (shareholders.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 431.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.85 431.80 Td (market ) Tj ET Q q 0 0 0 rg BT 81.20 431.80 Td (value ) Tj ET Q q 0 0 0 rg BT 103.55 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.40 431.80 Td (our ) Tj ET Q q 0 0 0 rg BT 128.76 431.80 Td (current ) Tj ET Q q 0 0 0 rg BT 158.62 431.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 188.49 431.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 204.84 431.80 Td (and ) Tj ET Q q 0 0 0 rg BT 221.20 431.80 Td (those ) Tj ET Q q 0 0 0 rg BT 243.06 431.80 Td (we ) Tj ET Q q 0 0 0 rg BT 255.41 431.80 Td (acquire ) Tj ET Q q 0 0 0 rg BT 285.76 431.80 Td (in ) Tj ET Q q 0 0 0 rg BT 295.62 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 309.48 431.80 Td (future ) Tj ET Q q 0 0 0 rg BT 334.83 431.80 Td (may ) Tj ET Q q 0 0 0 rg BT 352.68 431.80 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 389.27 431.80 Td (which ) Tj ET Q q 0 0 0 rg BT 414.13 431.80 Td (could ) Tj ET Q q 0 0 0 rg BT 436.99 431.80 Td (cause ) Tj ET Q q 0 0 0 rg BT 460.34 431.80 Td (us ) Tj ET Q q 0 0 0 rg BT 471.20 431.80 Td (to ) Tj ET Q q 0 0 0 rg BT 480.55 431.80 Td (record ) Tj ET Q q 0 0 0 rg BT 506.90 431.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 552.26 431.80 Td (losses, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 421.00 Td (or ) Tj ET Q q 0 0 0 rg BT 46.25 421.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 68.51 421.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 99.76 421.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 123.51 421.00 Td (if ) Tj ET Q q 0 0 0 rg BT 131.26 421.00 Td (we ) Tj ET Q q 0 0 0 rg BT 143.50 421.00 Td (decide ) Tj ET Q q 0 0 0 rg BT 169.24 421.00 Td (to ) Tj ET Q q 0 0 0 rg BT 178.49 421.00 Td (sell ) Tj ET Q q 0 0 0 rg BT 193.24 421.00 Td (them ) Tj ET Q q 0 0 0 rg BT 213.99 421.00 Td (following ) Tj ET Q q 0 0 0 rg BT 251.24 421.00 Td (a ) Tj ET Q q 0 0 0 rg BT 257.99 421.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 286.73 421.00 Td (in ) Tj ET Q q 0 0 0 rg BT 296.49 421.00 Td (their ) Tj ET Q q 0 0 0 rg BT 316.24 421.00 Td (market ) Tj ET Q q 0 0 0 rg BT 344.49 421.00 Td (values.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.20 Td (During ) Tj ET Q q 0 0 0 rg BT 63.84 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 77.18 407.20 Td (year ) Tj ET Q q 0 0 0 rg BT 95.01 407.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.85 407.20 Td (December ) Tj ET Q q 0 0 0 rg BT 158.17 407.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.76 407.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 194.36 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.70 407.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 244.53 407.20 Td (value ) Tj ET Q q 0 0 0 rg BT 266.36 407.20 Td (of ) Tj ET Q q 0 0 0 rg BT 276.21 407.20 Td (our ) Tj ET Q q 0 0 0 rg BT 290.55 407.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 319.39 407.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 341.49 407.20 Td (based ) Tj ET Q q 0 0 0 rg BT 364.33 407.20 Td (on ) Tj ET Q q 0 0 0 rg BT 375.67 407.20 Td (broker ) Tj ET Q q 0 0 0 rg BT 401.50 407.20 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 443.09 407.20 Td (decreased ) Tj ET Q q 0 0 0 rg BT 480.91 407.20 Td (by ) Tj ET Q q 0 0 0 rg BT 492.25 407.20 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.58 407.20 Td (29%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.08 407.20 Td (. ) Tj ET Q q 0 0 0 rg BT 567.67 407.20 Td ( ) Tj ET Q q 0 0 0 rg BT 570.02 407.20 Td (If ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 49.30 396.40 Td (of) Tj ET Q q 0 0 0 rg BT 56.63 396.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 81.43 396.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 112.71 396.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 141.52 396.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 173.32 396.40 Td (continues ) Tj ET Q q 0 0 0 rg BT 210.12 396.40 Td (to ) Tj ET Q q 0 0 0 rg BT 219.42 396.40 Td (suf) Tj ET Q q 0 0 0 rg BT 230.26 396.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 242.55 396.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 272.34 396.40 Td (developments, ) Tj ET Q q 0 0 0 rg BT 326.88 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 340.18 396.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.97 396.40 Td (market ) Tj ET Q q 0 0 0 rg BT 382.26 396.40 Td (value ) Tj ET Q q 0 0 0 rg BT 404.06 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 413.86 396.40 Td (our ) Tj ET Q q 0 0 0 rg BT 428.16 396.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 456.96 396.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 472.76 396.40 Td (may ) Tj ET Q q 0 0 0 rg BT 490.56 396.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 518.85 396.40 Td (further) Tj ET Q q 0 0 0 rg BT 542.84 396.40 Td (. ) Tj ET Q q 0 0 0 rg BT 547.23 396.40 Td (The ) Tj ET Q q 0 0 0 rg BT 563.52 396.40 Td (fair ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.60 Td (market ) Tj ET Q q 0 0 0 rg BT 62.50 385.60 Td (value ) Tj ET Q q 0 0 0 rg BT 83.51 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.53 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.04 385.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 133.05 385.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 148.07 385.60 Td (that ) Tj ET Q q 0 0 0 rg BT 163.08 385.60 Td (we ) Tj ET Q q 0 0 0 rg BT 175.09 385.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 209.10 385.60 Td (own, ) Tj ET Q q 0 0 0 rg BT 228.36 385.60 Td (or ) Tj ET Q q 0 0 0 rg BT 237.38 385.60 Td (may ) Tj ET Q q 0 0 0 rg BT 254.39 385.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 282.39 385.60 Td (in ) Tj ET Q q 0 0 0 rg BT 290.91 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.42 385.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 328.67 385.60 Td (may ) Tj ET Q q 0 0 0 rg BT 345.69 385.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 376.68 385.60 Td (or ) Tj ET Q q 0 0 0 rg BT 385.70 385.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 418.19 385.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 457.19 385.60 Td (on ) Tj ET Q q 0 0 0 rg BT 467.71 385.60 Td (a ) Tj ET Q q 0 0 0 rg BT 473.22 385.60 Td (number ) Tj ET Q q 0 0 0 rg BT 502.23 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.24 385.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 539.50 385.60 Td (including:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 371.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 371.80 Td (general ) Tj ET Q q 0 0 0 rg BT 92.29 371.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 130.09 371.80 Td (and ) Tj ET Q q 0 0 0 rg BT 145.90 371.80 Td (market ) Tj ET Q q 0 0 0 rg BT 173.70 371.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 214.01 371.80 Td (af) Tj ET Q q 0 0 0 rg BT 220.84 371.80 Td (fecting ) Tj ET Q q 0 0 0 rg BT 248.64 371.80 Td (the ) Tj ET Q q 0 0 0 rg BT 262.45 371.80 Td (of) Tj ET Q q 0 0 0 rg BT 269.78 371.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 295.08 371.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 326.88 371.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 356.19 371.80 Td (industry) Tj ET Q q 0 0 0 rg BT 385.11 371.80 Td (, ) Tj ET Q q 0 0 0 rg BT 390.17 371.80 Td (including ) Tj ET Q q 0 0 0 rg BT 426.98 371.80 Td (competition ) Tj ET Q q 0 0 0 rg BT 472.78 371.80 Td (from ) Tj ET Q q 0 0 0 rg BT 493.09 371.80 Td (other ) Tj ET Q q 0 0 0 rg BT 514.39 371.80 Td (of) Tj ET Q q 0 0 0 rg BT 521.73 371.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 547.03 371.80 Td (contract ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 361.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 91.75 361.00 Td (companies;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 347.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 347.20 Td (types, ) Tj ET Q q 0 0 0 rg BT 86.50 347.20 Td (sizes ) Tj ET Q q 0 0 0 rg BT 106.24 347.20 Td (and ) Tj ET Q q 0 0 0 rg BT 121.49 347.20 Td (ages ) Tj ET Q q 0 0 0 rg BT 139.73 347.20 Td (of ) Tj ET Q q 0 0 0 rg BT 149.48 347.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 178.22 347.20 Td (rigs;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 333.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 333.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 89.25 333.40 Td (and ) Tj ET Q q 0 0 0 rg BT 104.50 333.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 135.24 333.40 Td (for ) Tj ET Q q 0 0 0 rg BT 147.98 333.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 176.73 333.40 Td (rigs;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 319.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 319.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 83.25 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.00 319.60 Td (newbuildings;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 305.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 305.80 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 101.74 305.80 Td (level ) Tj ET Q q 0 0 0 rg BT 121.48 305.80 Td (of ) Tj ET Q q 0 0 0 rg BT 131.23 305.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 159.97 305.80 Td (services ) Tj ET Q q 0 0 0 rg BT 191.21 305.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 222.44 305.80 Td (dayrates;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 292.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 292.00 Td (governmental ) Tj ET Q q 0 0 0 rg BT 114.73 292.00 Td (or ) Tj ET Q q 0 0 0 rg BT 124.48 292.00 Td (other ) Tj ET Q q 0 0 0 rg BT 145.22 292.00 Td (regulations; ) Tj ET Q q 0 0 0 rg BT 189.96 292.00 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 278.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 278.20 Td (technological ) Tj ET Q q 0 0 0 rg BT 113.73 278.20 Td (advances.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 80.91 250.60 Td (, ) Tj ET Q q 0 0 0 rg BT 84.64 250.60 Td (if ) Tj ET Q q 0 0 0 rg BT 91.62 250.60 Td (we ) Tj ET Q q 0 0 0 rg BT 103.60 250.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 117.58 250.60 Td (one ) Tj ET Q q 0 0 0 rg BT 132.06 250.60 Td (or ) Tj ET Q q 0 0 0 rg BT 141.04 250.60 Td (more ) Tj ET Q q 0 0 0 rg BT 161.01 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.99 250.60 Td (our ) Tj ET Q q 0 0 0 rg BT 183.47 250.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 211.45 250.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 226.43 250.60 Td (at ) Tj ET Q q 0 0 0 rg BT 234.41 250.60 Td (a ) Tj ET Q q 0 0 0 rg BT 239.88 250.60 Td (time ) Tj ET Q q 0 0 0 rg BT 257.36 250.60 Td (when ) Tj ET Q q 0 0 0 rg BT 278.34 250.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 306.32 250.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 317.80 250.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 340.77 250.60 Td (have ) Tj ET Q q 0 0 0 rg BT 359.24 250.60 Td (fallen ) Tj ET Q q 0 0 0 rg BT 381.21 250.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.69 250.60 Td (before ) Tj ET Q q 0 0 0 rg BT 420.15 250.60 Td (we ) Tj ET Q q 0 0 0 rg BT 432.13 250.60 Td (have ) Tj ET Q q 0 0 0 rg BT 450.60 250.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 483.56 250.60 Td (an ) Tj ET Q q 0 0 0 rg BT 493.54 250.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 536.51 250.60 Td (adjustment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 239.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.75 239.80 Td (our ) Tj ET Q q 0 0 0 rg BT 60.49 239.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 110.73 239.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 146.96 239.80 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 191.45 239.80 Td (the ) Tj ET Q q 0 0 0 rg BT 205.19 239.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 221.93 239.80 Td (price ) Tj ET Q q 0 0 0 rg BT 242.66 239.80 Td (may ) Tj ET Q q 0 0 0 rg BT 260.90 239.80 Td (be ) Tj ET Q q 0 0 0 rg BT 272.14 239.80 Td (less ) Tj ET Q q 0 0 0 rg BT 288.38 239.80 Td (than ) Tj ET Q q 0 0 0 rg BT 306.62 239.80 Td (the ) Tj ET Q q 0 0 0 rg BT 320.36 239.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 349.61 239.80 Td (rig) Tj ET Q q 0 0 0 rg BT 362.10 239.80 Td (s ) Tj ET Q q 0 0 0 rg BT 368.35 239.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 401.08 239.80 Td (value ) Tj ET Q q 0 0 0 rg BT 423.31 239.80 Td (in ) Tj ET Q q 0 0 0 rg BT 433.06 239.80 Td (our ) Tj ET Q q 0 0 0 rg BT 447.80 239.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 498.04 239.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 534.28 239.80 Td (Statements, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.00 Td (resulting ) Tj ET Q q 0 0 0 rg BT 69.91 229.00 Td (in ) Tj ET Q q 0 0 0 rg BT 79.32 229.00 Td (a ) Tj ET Q q 0 0 0 rg BT 85.73 229.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 102.15 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 117.55 229.00 Td (a ) Tj ET Q q 0 0 0 rg BT 123.96 229.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 160.36 229.00 Td (in ) Tj ET Q q 0 0 0 rg BT 169.77 229.00 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 204.93 229.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 254.58 229.00 Td (if ) Tj ET Q q 0 0 0 rg BT 262.49 229.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 291.40 229.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 307.81 229.00 Td (values ) Tj ET Q q 0 0 0 rg BT 333.22 229.00 Td (fall ) Tj ET Q q 0 0 0 rg BT 347.62 229.00 Td (significantly) Tj ET Q q 0 0 0 rg BT 392.03 229.00 Td (, ) Tj ET Q q 0 0 0 rg BT 396.69 229.00 Td (we ) Tj ET Q q 0 0 0 rg BT 409.60 229.00 Td (may ) Tj ET Q q 0 0 0 rg BT 427.50 229.00 Td (have ) Tj ET Q q 0 0 0 rg BT 446.91 229.00 Td (to ) Tj ET Q q 0 0 0 rg BT 456.32 229.00 Td (record ) Tj ET Q q 0 0 0 rg BT 481.72 229.00 Td (an ) Tj ET Q q 0 0 0 rg BT 492.62 229.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 536.52 229.00 Td (adjustment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 218.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.99 218.20 Td (our ) Tj ET Q q 0 0 0 rg BT 60.98 218.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 111.47 218.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 147.95 218.20 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 192.68 218.20 Td (which ) Tj ET Q q 0 0 0 rg BT 217.67 218.20 Td (could ) Tj ET Q q 0 0 0 rg BT 240.65 218.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 278.13 218.20 Td (af) Tj ET Q q 0 0 0 rg BT 284.96 218.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 301.43 218.20 Td (our ) Tj ET Q q 0 0 0 rg BT 316.42 218.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.90 218.20 Td (results ) Tj ET Q q 0 0 0 rg BT 377.38 218.20 Td (and ) Tj ET Q q 0 0 0 rg BT 393.37 218.20 Td (condition. ) Tj ET Q q 0 0 0 rg BT 432.61 218.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 458.59 218.20 Td (see ) Tj ET Q q 0 0 0 rg BT 473.07 218.20 Td (The ) Tj ET Q q 0 0 0 rg BT 503.05 218.20 Td (current ) Tj ET Q q 0 0 0 rg BT 531.52 218.20 Td (downturn ) Tj ET Q q 0 0 0 rg BT 569.01 218.20 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 65.24 207.40 Td (in ) Tj ET Q q 0 0 0 rg BT 74.49 207.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.74 207.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 99.49 207.40 Td (and ) Tj ET Q q 0 0 0 rg BT 114.73 207.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 128.98 207.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 157.73 207.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 189.48 207.40 Td (has ) Tj ET Q q 0 0 0 rg BT 203.73 207.40 Td (had ) Tj ET Q q 0 0 0 rg BT 218.97 207.40 Td (and ) Tj ET Q q 0 0 0 rg BT 234.22 207.40 Td (is ) Tj ET Q q 0 0 0 rg BT 242.47 207.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 265.21 207.40 Td (to ) Tj ET Q q 0 0 0 rg BT 274.46 207.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 307.71 207.40 Td (to ) Tj ET Q q 0 0 0 rg BT 316.96 207.40 Td (have ) Tj ET Q q 0 0 0 rg BT 336.19 207.40 Td (an ) Tj ET Q q 0 0 0 rg BT 346.94 207.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 376.67 207.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 403.41 207.40 Td (on ) Tj ET Q q 0 0 0 rg BT 414.66 207.40 Td (our ) Tj ET Q q 0 0 0 rg BT 428.91 207.40 Td (business ) Tj ET Q q 0 0 0 rg BT 461.66 207.40 Td (and ) Tj ET Q q 0 0 0 rg BT 476.91 207.40 Td (results ) Tj ET Q q 0 0 0 rg BT 502.66 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 512.40 207.40 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 179.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.84 179.80 Td (market ) Tj ET Q q 0 0 0 rg BT 78.68 179.80 Td (value ) Tj ET Q q 0 0 0 rg BT 100.02 179.80 Td (of ) Tj ET Q q 0 0 0 rg BT 109.36 179.80 Td (our ) Tj ET Q q 0 0 0 rg BT 123.21 179.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 151.56 179.80 Td (units ) Tj ET Q q 0 0 0 rg BT 170.91 179.80 Td (may ) Tj ET Q q 0 0 0 rg BT 188.25 179.80 Td (fall, ) Tj ET Q q 0 0 0 rg BT 204.35 179.80 Td (which ) Tj ET Q q 0 0 0 rg BT 228.19 179.80 Td (may ) Tj ET Q q 0 0 0 rg BT 245.53 179.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 271.87 179.80 Td (our ) Tj ET Q q 0 0 0 rg BT 285.72 179.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 310.57 179.80 Td (to ) Tj ET Q q 0 0 0 rg BT 319.42 179.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 339.76 179.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 377.60 179.80 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 428.19 179.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 453.03 179.80 Td (see ) Tj ET Q q 0 0 0 rg BT 466.37 179.80 Td ("W) Tj ET Q q 0 0 0 rg BT 486.82 179.80 Td (e ) Tj ET Q q 0 0 0 rg BT 492.66 179.80 Td (may ) Tj ET Q q 0 0 0 rg BT 510.00 179.80 Td (not ) Tj ET Q q 0 0 0 rg BT 523.35 179.80 Td (have ) Tj ET Q q 0 0 0 rg BT 542.19 179.80 Td (suf) Tj ET Q q 0 0 0 rg BT 553.03 179.80 Td (ficient ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 169.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 68.27 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 77.04 169.00 Td (service ) Tj ET Q q 0 0 0 rg BT 104.29 169.00 Td (our ) Tj ET Q q 0 0 0 rg BT 118.05 169.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 135.31 169.00 Td (or ) Tj ET Q q 0 0 0 rg BT 144.58 169.00 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 181.84 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 190.60 169.00 Td (obtain ) Tj ET Q q 0 0 0 rg BT 214.87 169.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 252.62 169.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 288.38 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 303.14 169.00 Td (pursue ) Tj ET Q q 0 0 0 rg BT 328.90 169.00 Td (other ) Tj ET Q q 0 0 0 rg BT 349.16 169.00 Td (business ) Tj ET Q q 0 0 0 rg BT 381.43 169.00 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 432.94 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 447.70 169.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 477.46 169.00 Td (may ) Tj ET Q q 0 0 0 rg BT 494.72 169.00 Td (not ) Tj ET Q q 0 0 0 rg BT 507.99 169.00 Td (honor ) Tj ET Q q 0 0 0 rg BT 530.75 169.00 Td (its ) Tj ET Q q 0 0 0 rg BT 541.02 169.00 Td (guarantee ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 158.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.53 158.20 Td (our ) Tj ET Q q 0 0 0 rg BT 59.57 158.20 Td (debt." ) Tj ET Q q 0 0 0 rg BT 83.02 158.20 Td (If ) Tj ET Q q 0 0 0 rg BT 91.06 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 104.09 158.20 Td (market ) Tj ET Q q 0 0 0 rg BT 131.11 158.20 Td (value ) Tj ET Q q 0 0 0 rg BT 152.64 158.20 Td (of ) Tj ET Q q 0 0 0 rg BT 162.17 158.20 Td (our ) Tj ET Q q 0 0 0 rg BT 176.21 158.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 204.74 158.20 Td (units ) Tj ET Q q 0 0 0 rg BT 224.28 158.20 Td (falls, ) Tj ET Q q 0 0 0 rg BT 244.07 158.20 Td (we ) Tj ET Q q 0 0 0 rg BT 256.60 158.20 Td (may ) Tj ET Q q 0 0 0 rg BT 274.13 158.20 Td (also ) Tj ET Q q 0 0 0 rg BT 290.66 158.20 Td (be ) Tj ET Q q 0 0 0 rg BT 301.20 158.20 Td (required ) Tj ET Q q 0 0 0 rg BT 333.22 158.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 344.50 158.20 Td (among ) Tj ET Q q 0 0 0 rg BT 371.04 158.20 Td (other ) Tj ET Q q 0 0 0 rg BT 391.57 158.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 417.86 158.20 Td (make ) Tj ET Q q 0 0 0 rg BT 439.38 158.20 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 487.41 158.20 Td (on ) Tj ET Q q 0 0 0 rg BT 498.44 158.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 524.96 158.20 Td (of ) Tj ET Q q 0 0 0 rg BT 534.50 158.20 Td (our ) Tj ET Q q 0 0 0 rg BT 548.53 158.20 Td (secured ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 147.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 59.06 147.40 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 94.87 147.40 Td (which ) Tj ET Q q 0 0 0 rg BT 119.44 147.40 Td (may ) Tj ET Q q 0 0 0 rg BT 137.51 147.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 174.57 147.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 201.64 147.40 Td (our ) Tj ET Q q 0 0 0 rg BT 216.21 147.40 Td (liquidity) Tj ET Q q 0 0 0 rg BT 246.13 147.40 Td (. ) Tj ET Q q 0 0 0 rg BT 250.95 147.40 Td ( ) Tj ET Q q 0 0 0 rg BT 253.53 147.40 Td (Please ) Tj ET Q q 0 0 0 rg BT 279.10 147.40 Td (see ) Tj ET Q q 0 0 0 rg BT 293.16 147.40 Td ("W) Tj ET Q q 0 0 0 rg BT 313.61 147.40 Td (e ) Tj ET Q q 0 0 0 rg BT 320.18 147.40 Td (may ) Tj ET Q q 0 0 0 rg BT 338.25 147.40 Td (be ) Tj ET Q q 0 0 0 rg BT 349.32 147.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 375.89 147.40 Td (to ) Tj ET Q q 0 0 0 rg BT 385.46 147.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 415.03 147.40 Td (with ) Tj ET Q q 0 0 0 rg BT 433.61 147.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 472.17 147.40 Td (in ) Tj ET Q q 0 0 0 rg BT 481.75 147.40 Td (our ) Tj ET Q q 0 0 0 rg BT 496.32 147.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.38 147.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 552.94 147.40 Td (or ) Tj ET Q q 0 0 0 rg BT 563.01 147.40 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 136.60 Td (future ) Tj ET Q q 0 0 0 rg BT 59.81 136.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.62 136.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 135.95 136.60 Td (that ) Tj ET Q q 0 0 0 rg BT 151.77 136.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 180.09 136.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.41 136.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.73 136.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 265.53 136.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 307.85 136.60 Td (on ) Tj ET Q q 0 0 0 rg BT 319.18 136.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 331.75 136.60 Td (which ) Tj ET Q q 0 0 0 rg BT 356.07 136.60 Td (could ) Tj ET Q q 0 0 0 rg BT 378.40 136.60 Td (result ) Tj ET Q q 0 0 0 rg BT 400.72 136.60 Td (in ) Tj ET Q q 0 0 0 rg BT 410.04 136.60 Td (a ) Tj ET Q q 0 0 0 rg BT 416.36 136.60 Td (default ) Tj ET Q q 0 0 0 rg BT 443.68 136.60 Td (under ) Tj ET Q q 0 0 0 rg BT 466.49 136.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.81 136.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 502.13 136.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.96 136.60 Td (these ) Tj ET Q q 0 0 0 rg BT 532.77 136.60 Td (agreements, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 125.80 Td (which ) Tj ET Q q 0 0 0 rg BT 60.24 125.80 Td (could ) Tj ET Q q 0 0 0 rg BT 82.49 125.80 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 120.70 125.80 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 125.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 175.18 125.80 Td (of ) Tj ET Q q 0 0 0 rg BT 184.93 125.80 Td (funds ) Tj ET Q q 0 0 0 rg BT 207.18 125.80 Td (that ) Tj ET Q q 0 0 0 rg BT 222.92 125.80 Td (we ) Tj ET Q q 0 0 0 rg BT 235.67 125.80 Td (have ) Tj ET Q q 0 0 0 rg BT 254.90 125.80 Td (borrowed.") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 98.20 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 98.20 Td ( ) Tj ET Q q 0 0 0 rg BT 44.60 98.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 81.18 98.20 Td (in ) Tj ET Q q 0 0 0 rg BT 90.78 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 104.37 98.20 Td (market ) Tj ET Q q 0 0 0 rg BT 131.95 98.20 Td (value ) Tj ET Q q 0 0 0 rg BT 154.04 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 164.13 98.20 Td (our ) Tj ET Q q 0 0 0 rg BT 178.73 98.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 207.82 98.20 Td (units ) Tj ET Q q 0 0 0 rg BT 227.92 98.20 Td (could ) Tj ET Q q 0 0 0 rg BT 250.51 98.20 Td (lead ) Tj ET Q q 0 0 0 rg BT 268.10 98.20 Td (to ) Tj ET Q q 0 0 0 rg BT 277.70 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.29 98.20 Td (recognition ) Tj ET Q q 0 0 0 rg BT 334.87 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 344.96 98.20 Td (further ) Tj ET Q q 0 0 0 rg BT 372.05 98.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 416.13 98.20 Td (char) Tj ET Q q 0 0 0 rg BT 431.46 98.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 446.05 98.20 Td (on, ) Tj ET Q q 0 0 0 rg BT 459.89 98.20 Td (among ) Tj ET Q q 0 0 0 rg BT 486.99 98.20 Td (other ) Tj ET Q q 0 0 0 rg BT 508.07 98.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 534.92 98.20 Td (our ) Tj ET Q q 0 0 0 rg BT 549.52 98.20 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 87.40 Td (units ) Tj ET Q q 0 0 0 rg BT 55.76 87.40 Td (if ) Tj ET Q q 0 0 0 rg BT 63.51 87.40 Td (future ) Tj ET Q q 0 0 0 rg BT 87.26 87.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 105.51 87.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 124.26 87.40 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 162.26 87.40 Td (based ) Tj ET Q q 0 0 0 rg BT 185.01 87.40 Td (on ) Tj ET Q q 0 0 0 rg BT 196.27 87.40 Td (information ) Tj ET Q q 0 0 0 rg BT 241.01 87.40 Td (available ) Tj ET Q q 0 0 0 rg BT 275.75 87.40 Td (to ) Tj ET Q q 0 0 0 rg BT 285.01 87.40 Td (management ) Tj ET Q q 0 0 0 rg BT 333.24 87.40 Td (at ) Tj ET Q q 0 0 0 rg BT 342.00 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 355.25 87.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 375.75 87.40 Td (indicate ) Tj ET Q q 0 0 0 rg BT 406.49 87.40 Td (that ) Tj ET Q q 0 0 0 rg BT 422.25 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 435.50 87.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 467.74 87.40 Td (value ) Tj ET Q q 0 0 0 rg BT 489.49 87.40 Td (of ) Tj ET Q q 0 0 0 rg BT 499.24 87.40 Td (these ) Tj ET Q q 0 0 0 rg BT 519.99 87.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 548.74 87.40 Td (units ) Tj ET Q q 0 0 0 rg BT 568.50 87.40 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 76.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 70.45 76.60 Td (may ) Tj ET Q q 0 0 0 rg BT 88.40 76.60 Td (not ) Tj ET Q q 0 0 0 rg BT 102.36 76.60 Td (be ) Tj ET Q q 0 0 0 rg BT 113.30 76.60 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 159.97 76.60 Td (For ) Tj ET Q q 0 0 0 rg BT 174.93 76.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 210.12 76.60 Td (as ) Tj ET Q q 0 0 0 rg BT 220.07 76.60 Td (noted ) Tj ET Q q 0 0 0 rg BT 242.52 76.60 Td (below) Tj ET Q q 0 0 0 rg BT 263.93 76.60 Td (, ) Tj ET Q q 0 0 0 rg BT 268.63 76.60 Td (we ) Tj ET Q q 0 0 0 rg BT 281.58 76.60 Td (have ) Tj ET Q q 0 0 0 rg BT 301.02 76.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 342.95 76.60 Td (an ) Tj ET Q q 0 0 0 rg BT 353.90 76.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 397.84 76.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 414.30 76.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.25 76.60 Td ($82 ) Tj ET Q q 0 0 0 rg BT 440.20 76.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.20 76.60 Td ( ) Tj ET Q q 0 0 0 rg BT 468.66 76.60 Td (on ) Tj ET Q q 0 0 0 rg BT 480.11 76.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.56 76.60 Td (W) Tj ET Q q 0 0 0 rg BT 500.23 76.60 Td (est ) Tj ET Q q 0 0 0 rg BT 512.68 76.60 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.67 76.60 Td ( ) Tj ET Q q 0 0 0 rg BT 534.13 76.60 Td (for ) Tj ET Q q 0 0 0 rg BT 547.07 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 560.52 76.60 Td (year ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 65.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 59.55 65.80 Td (December ) Tj ET Q q 0 0 0 rg BT 98.59 65.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 111.90 65.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 134.21 65.80 Td (In ) Tj ET Q q 0 0 0 rg BT 143.77 65.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 177.58 65.80 Td (if ) Tj ET Q q 0 0 0 rg BT 185.14 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 198.20 65.80 Td (market ) Tj ET Q q 0 0 0 rg BT 225.25 65.80 Td (value ) Tj ET Q q 0 0 0 rg BT 246.80 65.80 Td (of ) Tj ET Q q 0 0 0 rg BT 256.36 65.80 Td (our ) Tj ET Q q 0 0 0 rg BT 270.42 65.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 298.98 65.80 Td (units ) Tj ET Q q 0 0 0 rg BT 318.54 65.80 Td (decreases, ) Tj ET Q q 0 0 0 rg BT 357.33 65.80 Td (and ) Tj ET Q q 0 0 0 rg BT 372.39 65.80 Td (we ) Tj ET Q q 0 0 0 rg BT 384.94 65.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 399.50 65.80 Td (any ) Tj ET Q q 0 0 0 rg BT 414.56 65.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 443.12 65.80 Td (unit ) Tj ET Q q 0 0 0 rg BT 459.18 65.80 Td (at ) Tj ET Q q 0 0 0 rg BT 467.74 65.80 Td (a ) Tj ET Q q 0 0 0 rg BT 473.80 65.80 Td (time ) Tj ET Q q 0 0 0 rg BT 491.85 65.80 Td (when ) Tj ET Q q 0 0 0 rg BT 513.41 65.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 536.96 65.80 Td (for ) Tj ET Q q 0 0 0 rg BT 549.52 65.80 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 55.00 Td (units ) Tj ET Q q 0 0 0 rg BT 55.98 55.00 Td (have ) Tj ET Q q 0 0 0 rg BT 75.45 55.00 Td (fallen, ) Tj ET Q q 0 0 0 rg BT 100.66 55.00 Td (such ) Tj ET Q q 0 0 0 rg BT 119.63 55.00 Td (a ) Tj ET Q q 0 0 0 rg BT 126.10 55.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 142.57 55.00 Td (may ) Tj ET Q q 0 0 0 rg BT 160.54 55.00 Td (result ) Tj ET Q q 0 0 0 rg BT 183.02 55.00 Td (in ) Tj ET Q q 0 0 0 rg BT 192.49 55.00 Td (a ) Tj ET Q q 0 0 0 rg BT 198.96 55.00 Td (loss, ) Tj ET Q q 0 0 0 rg BT 217.70 55.00 Td (which ) Tj ET Q q 0 0 0 rg BT 242.17 55.00 Td (would ) Tj ET Q q 0 0 0 rg BT 267.14 55.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 307.11 55.00 Td (af) Tj ET Q q 0 0 0 rg BT 313.94 55.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 329.90 55.00 Td (our ) Tj ET Q q 0 0 0 rg BT 344.37 55.00 Td (results ) Tj ET Q q 0 0 0 rg BT 370.35 55.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.32 55.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 422.54 55.00 Td (Please ) Tj ET Q q 0 0 0 rg BT 448.01 55.00 Td (see ) Tj ET Q q 0 0 0 rg BT 461.97 55.00 Td ("The ) Tj ET Q q 0 0 0 rg BT 491.12 55.00 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 532.07 55.00 Td (value ) Tj ET Q q 0 0 0 rg BT 554.04 55.00 Td (of ) Tj ET Q q 0 0 0 rg BT 564.01 55.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 44.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.75 44.20 Td (units ) Tj ET Q q 0 0 0 rg BT 84.50 44.20 Td (could ) Tj ET Q q 0 0 0 rg BT 106.75 44.20 Td (result ) Tj ET Q q 0 0 0 rg BT 128.99 44.20 Td (in ) Tj ET Q q 0 0 0 rg BT 138.24 44.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 181.98 44.20 Td (char) Tj ET Q q 0 0 0 rg BT 197.31 44.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 211.55 44.20 Td (or ) Tj ET Q q 0 0 0 rg BT 221.30 44.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 248.04 44.20 Td (our ) Tj ET Q q 0 0 0 rg BT 262.29 44.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 287.53 44.20 Td (to ) Tj ET Q q 0 0 0 rg BT 296.78 44.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 317.53 44.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 335.27 44.20 Td (under ) Tj ET Q q 0 0 0 rg BT 358.01 44.20 Td (our ) Tj ET Q q 0 0 0 rg BT 372.26 44.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 390.01 44.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 426.24 44.20 Td (agreements" ) Tj ET Q q 0 0 0 rg BT 473.15 44.20 Td (below) Tj ET Q q 0 0 0 rg BT 494.56 44.20 Td (.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.65 25.30 Td (1) Tj ET Q q 0 0 0 rg BT 305.82 25.30 Td (1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.03 736.00 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 93.55 736.00 Td (value ) Tj ET Q q 0 0 0 rg BT 115.08 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 124.11 736.00 Td (our ) Tj ET Q q 0 0 0 rg BT 138.64 736.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.68 736.00 Td (units ) Tj ET Q q 0 0 0 rg BT 187.73 736.00 Td (could ) Tj ET Q q 0 0 0 rg BT 209.76 736.00 Td (result ) Tj ET Q q 0 0 0 rg BT 232.29 736.00 Td (in ) Tj ET Q q 0 0 0 rg BT 241.33 736.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 285.87 736.00 Td (charges ) Tj ET Q q 0 0 0 rg BT 316.40 736.00 Td (or ) Tj ET Q q 0 0 0 rg BT 325.93 736.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 352.46 736.00 Td (our ) Tj ET Q q 0 0 0 rg BT 366.99 736.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 391.52 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 400.05 736.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 421.59 736.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.61 736.00 Td (under ) Tj ET Q q 0 0 0 rg BT 462.15 736.00 Td (our ) Tj ET Q q 0 0 0 rg BT 476.69 736.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 493.72 736.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 531.26 736.00 Td (agreements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td (During ) Tj ET Q q 0 0 0 rg BT 63.64 722.20 Td (the ) Tj ET Q q 0 0 0 rg BT 76.78 722.20 Td (year ) Tj ET Q q 0 0 0 rg BT 94.42 722.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.05 722.20 Td (December ) Tj ET Q q 0 0 0 rg BT 157.17 722.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 170.57 722.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 192.96 722.20 Td (we ) Tj ET Q q 0 0 0 rg BT 205.60 722.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 239.23 722.20 Td (an ) Tj ET Q q 0 0 0 rg BT 249.87 722.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 293.50 722.20 Td (char) Tj ET Q q 0 0 0 rg BT 308.82 722.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 319.46 722.20 Td (for ) Tj ET Q q 0 0 0 rg BT 332.10 722.20 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 366.25 722.20 Td (of ) Tj ET Q q 0 0 0 rg BT 375.89 722.20 Td ($480.6 ) Tj ET Q q 0 0 0 rg BT 402.79 722.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 433.19 722.20 Td (due ) Tj ET Q q 0 0 0 rg BT 448.33 722.20 Td (to ) Tj ET Q q 0 0 0 rg BT 457.47 722.20 Td (declining ) Tj ET Q q 0 0 0 rg BT 493.11 722.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 525.24 722.20 Td (and ) Tj ET Q q 0 0 0 rg BT 540.38 722.20 Td (our ) Tj ET Q q 0 0 0 rg BT 554.52 722.20 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (expectations ) Tj ET Q q 0 0 0 rg BT 83.43 711.40 Td (for ) Tj ET Q q 0 0 0 rg BT 96.37 711.40 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 128.80 711.40 Td (in ) Tj ET Q q 0 0 0 rg BT 138.25 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.69 711.40 Td (sector) Tj ET Q q 0 0 0 rg BT 172.69 711.40 Td (. ) Tj ET Q q 0 0 0 rg BT 177.39 711.40 Td (Since ) Tj ET Q q 0 0 0 rg BT 199.83 711.40 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 244.76 711.40 Td (this ) Tj ET Q q 0 0 0 rg BT 260.21 711.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 304.15 711.40 Td (char) Tj ET Q q 0 0 0 rg BT 319.47 711.40 Td (ge, ) Tj ET Q q 0 0 0 rg BT 332.66 711.40 Td (we ) Tj ET Q q 0 0 0 rg BT 345.60 711.40 Td (no ) Tj ET Q q 0 0 0 rg BT 357.05 711.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 382.49 711.40 Td (retain ) Tj ET Q q 0 0 0 rg BT 405.43 711.40 Td (any ) Tj ET Q q 0 0 0 rg BT 420.87 711.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 455.32 711.40 Td (on ) Tj ET Q q 0 0 0 rg BT 466.77 711.40 Td (our ) Tj ET Q q 0 0 0 rg BT 481.21 711.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 511.14 711.40 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 534.33 711.40 Td (In ) Tj ET Q q 0 0 0 rg BT 544.27 711.40 Td (addition, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (we ) Tj ET Q q 0 0 0 rg BT 48.93 700.60 Td (have ) Tj ET Q q 0 0 0 rg BT 68.35 700.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 110.27 700.60 Td (an ) Tj ET Q q 0 0 0 rg BT 121.20 700.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 165.12 700.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.56 700.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.49 700.60 Td ($82 ) Tj ET Q q 0 0 0 rg BT 207.43 700.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.43 700.60 Td ( ) Tj ET Q q 0 0 0 rg BT 235.87 700.60 Td (on ) Tj ET Q q 0 0 0 rg BT 247.30 700.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.73 700.60 Td (W) Tj ET Q q 0 0 0 rg BT 267.40 700.60 Td (est ) Tj ET Q q 0 0 0 rg BT 279.84 700.60 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.83 700.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.27 700.60 Td (for ) Tj ET Q q 0 0 0 rg BT 314.20 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.63 700.60 Td (year ) Tj ET Q q 0 0 0 rg BT 345.55 700.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 369.47 700.60 Td (December ) Tj ET Q q 0 0 0 rg BT 408.88 700.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 422.57 700.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 445.26 700.60 Td (In ) Tj ET Q q 0 0 0 rg BT 455.19 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 468.62 700.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 494.79 700.60 Td (we ) Tj ET Q q 0 0 0 rg BT 507.72 700.60 Td (may ) Tj ET Q q 0 0 0 rg BT 525.65 700.60 Td (be ) Tj ET Q q 0 0 0 rg BT 536.58 700.60 Td (required ) Tj ET Q q 0 0 0 rg BT 569.00 700.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (record ) Tj ET Q q 0 0 0 rg BT 61.63 689.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 100.27 689.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 144.41 689.80 Td (char) Tj ET Q q 0 0 0 rg BT 159.73 689.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 174.38 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 184.02 689.80 Td (other ) Tj ET Q q 0 0 0 rg BT 205.16 689.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 231.06 689.80 Td (Such ) Tj ET Q q 0 0 0 rg BT 251.71 689.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 295.84 689.80 Td (char) Tj ET Q q 0 0 0 rg BT 311.17 689.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 325.81 689.80 Td (could ) Tj ET Q q 0 0 0 rg BT 348.46 689.80 Td (have ) Tj ET Q q 0 0 0 rg BT 368.09 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 374.74 689.80 Td (material ) Tj ET Q q 0 0 0 rg BT 406.87 689.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 437.00 689.80 Td (ef) Tj ET Q q 0 0 0 rg BT 443.83 689.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.96 689.80 Td (on ) Tj ET Q q 0 0 0 rg BT 471.61 689.80 Td (our ) Tj ET Q q 0 0 0 rg BT 486.25 689.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.39 689.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 568.50 689.80 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (results ) Tj ET Q q 0 0 0 rg BT 61.60 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 71.20 679.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 113.05 679.00 Td (In ) Tj ET Q q 0 0 0 rg BT 122.65 679.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 156.50 679.00 Td (such ) Tj ET Q q 0 0 0 rg BT 175.10 679.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 218.70 679.00 Td (char) Tj ET Q q 0 0 0 rg BT 234.02 679.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 248.12 679.00 Td (could ) Tj ET Q q 0 0 0 rg BT 270.22 679.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 306.81 679.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.41 679.00 Td (our ) Tj ET Q q 0 0 0 rg BT 347.51 679.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 372.61 679.00 Td (to ) Tj ET Q q 0 0 0 rg BT 381.72 679.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 410.82 679.00 Td (with ) Tj ET Q q 0 0 0 rg BT 428.92 679.00 Td (the ) Tj ET Q q 0 0 0 rg BT 442.02 679.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 484.12 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 499.22 679.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 537.31 679.00 Td (in ) Tj ET Q q 0 0 0 rg BT 546.42 679.00 Td (our ) Tj ET Q q 0 0 0 rg BT 560.52 679.00 Td (debt ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 82.17 668.20 Td (including ) Tj ET Q q 0 0 0 rg BT 119.10 668.20 Td (meeting ) Tj ET Q q 0 0 0 rg BT 151.04 668.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.46 668.20 Td (ratios ) Tj ET Q q 0 0 0 rg BT 208.39 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 224.33 668.20 Td (tests ) Tj ET Q q 0 0 0 rg BT 243.27 668.20 Td (in ) Tj ET Q q 0 0 0 rg BT 253.21 668.20 Td (those ) Tj ET Q q 0 0 0 rg BT 275.15 668.20 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 321.31 668.20 Td (If ) Tj ET Q q 0 0 0 rg BT 330.25 668.20 Td (we ) Tj ET Q q 0 0 0 rg BT 343.68 668.20 Td (are ) Tj ET Q q 0 0 0 rg BT 357.61 668.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 384.54 668.20 Td (to ) Tj ET Q q 0 0 0 rg BT 394.48 668.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 424.42 668.20 Td (with ) Tj ET Q q 0 0 0 rg BT 443.36 668.20 Td (the ) Tj ET Q q 0 0 0 rg BT 457.29 668.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 500.22 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 516.16 668.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 555.08 668.20 Td (in ) Tj ET Q q 0 0 0 rg BT 565.02 668.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 79.23 657.40 Td (governing ) Tj ET Q q 0 0 0 rg BT 117.97 657.40 Td (our ) Tj ET Q q 0 0 0 rg BT 132.22 657.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 180.96 657.40 Td (or ) Tj ET Q q 0 0 0 rg BT 190.71 657.40 Td (in ) Tj ET Q q 0 0 0 rg BT 199.96 657.40 Td (current ) Tj ET Q q 0 0 0 rg BT 227.69 657.40 Td (or ) Tj ET Q q 0 0 0 rg BT 237.44 657.40 Td (future ) Tj ET Q q 0 0 0 rg BT 261.18 657.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 278.92 657.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 315.16 657.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 360.64 657.40 Td (a ) Tj ET Q q 0 0 0 rg BT 366.88 657.40 Td (default ) Tj ET Q q 0 0 0 rg BT 394.12 657.40 Td (could ) Tj ET Q q 0 0 0 rg BT 416.36 657.40 Td (occur ) Tj ET Q q 0 0 0 rg BT 438.60 657.40 Td (under ) Tj ET Q q 0 0 0 rg BT 461.34 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 474.59 657.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 496.83 657.40 Td (of ) Tj ET Q q 0 0 0 rg BT 506.58 657.40 Td (those ) Tj ET Q q 0 0 0 rg BT 527.83 657.40 Td (agreements.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 629.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 629.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.93 629.80 Td (may ) Tj ET Q q 0 0 0 rg BT 68.02 629.80 Td (not ) Tj ET Q q 0 0 0 rg BT 82.62 629.80 Td (have ) Tj ET Q q 0 0 0 rg BT 102.71 629.80 Td (suf) Tj ET Q q 0 0 0 rg BT 114.06 629.80 Td (ficient ) Tj ET Q q 0 0 0 rg BT 140.15 629.80 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 173.25 629.80 Td (to ) Tj ET Q q 0 0 0 rg BT 182.84 629.80 Td (service ) Tj ET Q q 0 0 0 rg BT 210.92 629.80 Td (our ) Tj ET Q q 0 0 0 rg BT 226.53 629.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 244.62 629.80 Td (or ) Tj ET Q q 0 0 0 rg BT 255.22 629.80 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 292.81 629.80 Td (to ) Tj ET Q q 0 0 0 rg BT 302.41 629.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 328.51 629.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.61 629.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 407.22 629.80 Td (and ) Tj ET Q q 0 0 0 rg BT 423.82 629.80 Td (pursue ) Tj ET Q q 0 0 0 rg BT 451.93 629.80 Td (other ) Tj ET Q q 0 0 0 rg BT 474.03 629.80 Td (business ) Tj ET Q q 0 0 0 rg BT 508.14 629.80 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 562.00 629.80 Td (and ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 619.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 67.25 619.00 Td (may ) Tj ET Q q 0 0 0 rg BT 85.00 619.00 Td (not ) Tj ET Q q 0 0 0 rg BT 99.25 619.00 Td (honor ) Tj ET Q q 0 0 0 rg BT 124.02 619.00 Td (its ) Tj ET Q q 0 0 0 rg BT 134.77 619.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 174.52 619.00 Td (of ) Tj ET Q q 0 0 0 rg BT 184.27 619.00 Td (our ) Tj ET Q q 0 0 0 rg BT 199.53 619.00 Td (debt.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (As ) Tj ET Q q 0 0 0 rg BT 48.35 605.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.19 605.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.01 605.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.01 605.20 Td (, ) Tj ET Q q 0 0 0 rg BT 133.60 605.20 Td (we ) Tj ET Q q 0 0 0 rg BT 146.44 605.20 Td (had ) Tj ET Q q 0 0 0 rg BT 161.78 605.20 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.11 605.20 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 234.20 605.20 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.71 605.20 Td ( ) Tj ET Q q 0 0 0 rg BT 260.05 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 269.40 605.20 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 328.21 605.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 346.05 605.20 Td (at ) Tj ET Q q 0 0 0 rg BT 354.89 605.20 Td (an ) Tj ET Q q 0 0 0 rg BT 365.73 605.20 Td (average ) Tj ET Q q 0 0 0 rg BT 396.05 605.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 422.39 605.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 451.22 605.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 467.06 605.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.90 605.20 Td (4.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.64 605.20 Td (, ) Tj ET Q q 0 0 0 rg BT 500.24 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 510.08 605.20 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.42 605.20 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 552.51 605.20 Td (billion) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (was ) Tj ET Q q 0 0 0 rg BT 52.24 594.40 Td (secured ) Tj ET Q q 0 0 0 rg BT 81.97 594.40 Td (by) Tj ET Q q 0 0 0 rg BT 90.39 594.40 Td (, ) Tj ET Q q 0 0 0 rg BT 94.89 594.40 Td (among ) Tj ET Q q 0 0 0 rg BT 121.63 594.40 Td (other ) Tj ET Q q 0 0 0 rg BT 142.37 594.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 168.87 594.40 Td (liens ) Tj ET Q q 0 0 0 rg BT 188.11 594.40 Td (on ) Tj ET Q q 0 0 0 rg BT 199.36 594.40 Td (our ) Tj ET Q q 0 0 0 rg BT 213.60 594.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.35 594.40 Td (units. ) Tj ET Q q 0 0 0 rg BT 264.35 594.40 Td (In ) Tj ET Q q 0 0 0 rg BT 274.09 594.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 308.08 594.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 338.32 594.40 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 379.05 594.40 Td (our ) Tj ET Q q 0 0 0 rg BT 393.29 594.40 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.04 594.40 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 437.53 594.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.54 594.40 Td ( ) Tj ET Q q 0 0 0 rg BT 465.78 594.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 490.02 594.40 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 528.75 594.40 Td (bond, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 594.40 Td ($2,000 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 583.60 Td ( ) Tj ET Q q 0 0 0 rg BT 64.03 583.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 89.56 583.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 120.58 583.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 145.11 583.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 172.02 583.60 Td (, ) Tj ET Q q 0 0 0 rg BT 176.30 583.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.33 583.60 Td ($475 ) Tj ET Q q 0 0 0 rg BT 211.36 583.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.36 583.60 Td ( ) Tj ET Q q 0 0 0 rg BT 239.39 583.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 268.91 583.60 Td (term ) Tj ET Q q 0 0 0 rg BT 287.43 583.60 Td (loan. ) Tj ET Q q 0 0 0 rg BT 307.21 583.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 323.23 583.60 Td (current ) Tj ET Q q 0 0 0 rg BT 350.75 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 365.77 583.60 Td (future ) Tj ET Q q 0 0 0 rg BT 389.30 583.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 437.82 583.60 Td (could ) Tj ET Q q 0 0 0 rg BT 459.84 583.60 Td (also ) Tj ET Q q 0 0 0 rg BT 476.37 583.60 Td (af) Tj ET Q q 0 0 0 rg BT 483.20 583.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.72 583.60 Td (our ) Tj ET Q q 0 0 0 rg BT 512.75 583.60 Td (future ) Tj ET Q q 0 0 0 rg BT 536.27 583.60 Td (operations, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (as ) Tj ET Q q 0 0 0 rg BT 45.68 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 51.86 572.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.04 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 89.73 572.80 Td (our ) Tj ET Q q 0 0 0 rg BT 103.91 572.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.09 572.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 140.77 572.80 Td (from ) Tj ET Q q 0 0 0 rg BT 160.45 572.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.12 572.80 Td (will ) Tj ET Q q 0 0 0 rg BT 216.31 572.80 Td (be ) Tj ET Q q 0 0 0 rg BT 226.99 572.80 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 263.65 572.80 Td (to ) Tj ET Q q 0 0 0 rg BT 272.84 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 286.02 572.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 319.19 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.88 572.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.55 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 372.73 572.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 406.90 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 418.09 572.80 Td (such ) Tj ET Q q 0 0 0 rg BT 436.77 572.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 454.45 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 469.63 572.80 Td (will ) Tj ET Q q 0 0 0 rg BT 485.82 572.80 Td (not ) Tj ET Q q 0 0 0 rg BT 499.50 572.80 Td (be ) Tj ET Q q 0 0 0 rg BT 510.18 572.80 Td (available ) Tj ET Q q 0 0 0 rg BT 544.85 572.80 Td (for ) Tj ET Q q 0 0 0 rg BT 557.53 572.80 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 73.16 562.00 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 114.08 562.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 151.98 562.00 Td (in ) Tj ET Q q 0 0 0 rg BT 161.90 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 176.81 562.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 195.22 562.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 239.12 562.00 Td (require ) Tj ET Q q 0 0 0 rg BT 267.52 562.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 298.43 562.00 Td (to ) Tj ET Q q 0 0 0 rg BT 308.35 562.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 328.75 562.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.15 562.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.55 562.00 Td (tests ) Tj ET Q q 0 0 0 rg BT 409.47 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 425.38 562.00 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 476.28 562.00 Td (tests, ) Tj ET Q q 0 0 0 rg BT 497.44 562.00 Td (which ) Tj ET Q q 0 0 0 rg BT 522.36 562.00 Td (may ) Tj ET Q q 0 0 0 rg BT 540.77 562.00 Td (af) Tj ET Q q 0 0 0 rg BT 547.60 562.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 564.00 562.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 73.38 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 82.26 551.20 Td (planning ) Tj ET Q q 0 0 0 rg BT 115.64 551.20 Td (for) Tj ET Q q 0 0 0 rg BT 125.78 551.20 Td (, ) Tj ET Q q 0 0 0 rg BT 129.91 551.20 Td (and ) Tj ET Q q 0 0 0 rg BT 144.79 551.20 Td (reacting ) Tj ET Q q 0 0 0 rg BT 175.66 551.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 186.79 551.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 217.66 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 226.55 551.20 Td (our ) Tj ET Q q 0 0 0 rg BT 240.43 551.20 Td (business ) Tj ET Q q 0 0 0 rg BT 272.81 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 282.20 551.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 319.07 551.20 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 360.70 551.20 Td (may ) Tj ET Q q 0 0 0 rg BT 378.08 551.20 Td (limit ) Tj ET Q q 0 0 0 rg BT 396.96 551.20 Td (our ) Tj ET Q q 0 0 0 rg BT 410.85 551.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 435.73 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 444.61 551.20 Td (dispose ) Tj ET Q q 0 0 0 rg BT 473.50 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 482.88 551.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 505.76 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 515.14 551.20 Td (place ) Tj ET Q q 0 0 0 rg BT 536.01 551.20 Td (restrictions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (on ) Tj ET Q q 0 0 0 rg BT 47.15 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 60.29 540.40 Td (use ) Tj ET Q q 0 0 0 rg BT 74.43 540.40 Td (of ) Tj ET Q q 0 0 0 rg BT 84.08 540.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 118.21 540.40 Td (from ) Tj ET Q q 0 0 0 rg BT 137.85 540.40 Td (such ) Tj ET Q q 0 0 0 rg BT 156.49 540.40 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 203.90 540.40 Td (withstand ) Tj ET Q q 0 0 0 rg BT 241.04 540.40 Td (current ) Tj ET Q q 0 0 0 rg BT 268.68 540.40 Td (or ) Tj ET Q q 0 0 0 rg BT 278.32 540.40 Td (future ) Tj ET Q q 0 0 0 rg BT 301.96 540.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 339.09 540.40 Td (or ) Tj ET Q q 0 0 0 rg BT 348.73 540.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 380.38 540.40 Td (downturns ) Tj ET Q q 0 0 0 rg BT 420.53 540.40 Td (and ) Tj ET Q q 0 0 0 rg BT 435.67 540.40 Td (compete ) Tj ET Q q 0 0 0 rg BT 468.30 540.40 Td (with ) Tj ET Q q 0 0 0 rg BT 486.45 540.40 Td (others ) Tj ET Q q 0 0 0 rg BT 510.59 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 519.74 540.40 Td (our ) Tj ET Q q 0 0 0 rg BT 533.88 540.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 565.53 540.40 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 68.44 529.60 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 120.14 529.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.09 529.60 Td (may ) Tj ET Q q 0 0 0 rg BT 152.54 529.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 171.49 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 185.44 529.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 210.39 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.35 529.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 243.80 529.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 281.74 529.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 317.68 529.60 Td (for ) Tj ET Q q 0 0 0 rg BT 330.13 529.60 Td (working ) Tj ET Q q 0 0 0 rg BT 362.08 529.60 Td (capital, ) Tj ET Q q 0 0 0 rg BT 390.27 529.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 416.21 529.60 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 466.40 529.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 513.60 529.60 Td (general ) Tj ET Q q 0 0 0 rg BT 542.03 529.60 Td (corporate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 518.80 Td (other ) Tj ET Q q 0 0 0 rg BT 71.99 518.80 Td (purposes. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.79 491.20 Td (business ) Tj ET Q q 0 0 0 rg BT 84.08 491.20 Td (is ) Tj ET Q q 0 0 0 rg BT 91.88 491.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 117.66 491.20 Td (intensive ) Tj ET Q q 0 0 0 rg BT 151.95 491.20 Td (and, ) Tj ET Q q 0 0 0 rg BT 168.98 491.20 Td (to ) Tj ET Q q 0 0 0 rg BT 177.78 491.20 Td (the ) Tj ET Q q 0 0 0 rg BT 190.56 491.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 214.35 491.20 Td (that ) Tj ET Q q 0 0 0 rg BT 229.64 491.20 Td (we ) Tj ET Q q 0 0 0 rg BT 241.92 491.20 Td (do ) Tj ET Q q 0 0 0 rg BT 252.72 491.20 Td (not ) Tj ET Q q 0 0 0 rg BT 266.01 491.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 298.28 491.20 Td (suf) Tj ET Q q 0 0 0 rg BT 309.12 491.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 333.90 491.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.68 491.20 Td (from ) Tj ET Q q 0 0 0 rg BT 370.97 491.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 412.50 491.20 Td (we ) Tj ET Q q 0 0 0 rg BT 424.79 491.20 Td (may ) Tj ET Q q 0 0 0 rg BT 442.08 491.20 Td (need ) Tj ET Q q 0 0 0 rg BT 460.86 491.20 Td (to ) Tj ET Q q 0 0 0 rg BT 469.65 491.20 Td (raise ) Tj ET Q q 0 0 0 rg BT 488.43 491.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 526.22 491.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 548.01 491.20 Td (through ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 480.40 Td (public ) Tj ET Q q 0 0 0 rg BT 60.03 480.40 Td (or ) Tj ET Q q 0 0 0 rg BT 69.06 480.40 Td (private ) Tj ET Q q 0 0 0 rg BT 95.58 480.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 112.60 480.40 Td (or ) Tj ET Q q 0 0 0 rg BT 121.63 480.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 145.66 480.40 Td (financings ) Tj ET Q q 0 0 0 rg BT 184.68 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 193.21 480.40 Td (grow ) Tj ET Q q 0 0 0 rg BT 213.24 480.40 Td (our ) Tj ET Q q 0 0 0 rg BT 226.77 480.40 Td (business ) Tj ET Q q 0 0 0 rg BT 258.80 480.40 Td (and ) Tj ET Q q 0 0 0 rg BT 273.33 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 281.86 480.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 299.89 480.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.41 480.40 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 374.84 480.40 Td (Adequate ) Tj ET Q q 0 0 0 rg BT 410.85 480.40 Td (sources ) Tj ET Q q 0 0 0 rg BT 439.37 480.40 Td (of ) Tj ET Q q 0 0 0 rg BT 448.40 480.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 473.92 480.40 Td (funding ) Tj ET Q q 0 0 0 rg BT 503.45 480.40 Td (may ) Tj ET Q q 0 0 0 rg BT 520.48 480.40 Td (not ) Tj ET Q q 0 0 0 rg BT 533.51 480.40 Td (be ) Tj ET Q q 0 0 0 rg BT 543.53 480.40 Td (available ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (when ) Tj ET Q q 0 0 0 rg BT 57.63 469.60 Td (needed ) Tj ET Q q 0 0 0 rg BT 85.24 469.60 Td (or ) Tj ET Q q 0 0 0 rg BT 94.87 469.60 Td (may ) Tj ET Q q 0 0 0 rg BT 112.50 469.60 Td (not ) Tj ET Q q 0 0 0 rg BT 126.13 469.60 Td (be ) Tj ET Q q 0 0 0 rg BT 136.75 469.60 Td (available ) Tj ET Q q 0 0 0 rg BT 171.36 469.60 Td (on ) Tj ET Q q 0 0 0 rg BT 182.50 469.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 218.61 469.60 Td (terms. ) Tj ET Q q 0 0 0 rg BT 242.98 469.60 Td (If ) Tj ET Q q 0 0 0 rg BT 251.11 469.60 Td (we ) Tj ET Q q 0 0 0 rg BT 263.73 469.60 Td (raise ) Tj ET Q q 0 0 0 rg BT 282.85 469.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 320.98 469.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 343.11 469.60 Td (by ) Tj ET Q q 0 0 0 rg BT 354.24 469.60 Td (issuing ) Tj ET Q q 0 0 0 rg BT 381.88 469.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 420.00 469.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 444.63 469.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 482.99 469.60 Td (dilution ) Tj ET Q q 0 0 0 rg BT 513.13 469.60 Td (to ) Tj ET Q q 0 0 0 rg BT 522.26 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 535.39 469.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 568.52 469.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 458.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 66.48 458.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 113.95 458.80 Td (may ) Tj ET Q q 0 0 0 rg BT 131.42 458.80 Td (result. ) Tj ET Q q 0 0 0 rg BT 155.65 458.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 171.63 458.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 196.61 458.80 Td (to ) Tj ET Q q 0 0 0 rg BT 205.59 458.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 225.06 458.80 Td (our ) Tj ET Q q 0 0 0 rg BT 239.04 458.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 256.52 458.80 Td (service ) Tj ET Q q 0 0 0 rg BT 283.98 458.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 325.96 458.80 Td (and ) Tj ET Q q 0 0 0 rg BT 340.94 458.80 Td (to ) Tj ET Q q 0 0 0 rg BT 349.92 458.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 368.40 458.80 Td (planned ) Tj ET Q q 0 0 0 rg BT 398.87 458.80 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 449.09 458.80 Td (including ) Tj ET Q q 0 0 0 rg BT 485.07 458.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 531.54 458.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 551.52 458.80 Td (for ) Tj ET Q q 0 0 0 rg BT 564.00 458.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.00 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 83.75 448.00 Td (projects, ) Tj ET Q q 0 0 0 rg BT 117.25 448.00 Td (will ) Tj ET Q q 0 0 0 rg BT 134.01 448.00 Td (be ) Tj ET Q q 0 0 0 rg BT 145.26 448.00 Td (dependent ) Tj ET Q q 0 0 0 rg BT 185.00 448.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 205.76 448.00 Td (our ) Tj ET Q q 0 0 0 rg BT 220.52 448.00 Td (future ) Tj ET Q q 0 0 0 rg BT 244.76 448.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 295.24 448.00 Td (which ) Tj ET Q q 0 0 0 rg BT 319.99 448.00 Td (will ) Tj ET Q q 0 0 0 rg BT 336.75 448.00 Td (be ) Tj ET Q q 0 0 0 rg BT 348.01 448.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 376.26 448.00 Td (to ) Tj ET Q q 0 0 0 rg BT 386.01 448.00 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 425.26 448.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 463.00 448.00 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 505.51 448.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.77 448.00 Td (cycles ) Tj ET Q q 0 0 0 rg BT 563.01 448.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.20 Td (financial, ) Tj ET Q q 0 0 0 rg BT 72.09 437.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 107.21 437.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 146.56 437.20 Td (and ) Tj ET Q q 0 0 0 rg BT 161.91 437.20 Td (other ) Tj ET Q q 0 0 0 rg BT 182.77 437.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 209.62 437.20 Td (af) Tj ET Q q 0 0 0 rg BT 216.45 437.20 Td (fecting ) Tj ET Q q 0 0 0 rg BT 243.79 437.20 Td (our ) Tj ET Q q 0 0 0 rg BT 258.15 437.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 300.26 437.20 Td (many ) Tj ET Q q 0 0 0 rg BT 322.61 437.20 Td (of ) Tj ET Q q 0 0 0 rg BT 332.47 437.20 Td (which ) Tj ET Q q 0 0 0 rg BT 356.83 437.20 Td (are ) Tj ET Q q 0 0 0 rg BT 370.18 437.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 399.04 437.20 Td (our ) Tj ET Q q 0 0 0 rg BT 413.40 437.20 Td (control. ) Tj ET Q q 0 0 0 rg BT 443.50 437.20 Td (In ) Tj ET Q q 0 0 0 rg BT 453.36 437.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 487.47 437.20 Td (we ) Tj ET Q q 0 0 0 rg BT 500.32 437.20 Td (are ) Tj ET Q q 0 0 0 rg BT 513.67 437.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 539.04 437.20 Td (dependent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 426.40 Td (on ) Tj ET Q q 0 0 0 rg BT 47.63 426.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 78.26 426.40 Td (and ) Tj ET Q q 0 0 0 rg BT 93.89 426.40 Td (its ) Tj ET Q q 0 0 0 rg BT 105.02 426.40 Td (af) Tj ET Q q 0 0 0 rg BT 111.85 426.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 138.98 426.40 Td (to ) Tj ET Q q 0 0 0 rg BT 148.61 426.40 Td (assist ) Tj ET Q q 0 0 0 rg BT 170.75 426.40 Td (us ) Tj ET Q q 0 0 0 rg BT 181.38 426.40 Td (in ) Tj ET Q q 0 0 0 rg BT 191.02 426.40 Td (operating. ) Tj ET Q q 0 0 0 rg BT 229.31 426.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 247.44 426.40 Td (inability ) Tj ET Q q 0 0 0 rg BT 280.07 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 290.20 426.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 320.83 426.40 Td (or ) Tj ET Q q 0 0 0 rg BT 330.96 426.40 Td (its ) Tj ET Q q 0 0 0 rg BT 342.09 426.40 Td (associates ) Tj ET Q q 0 0 0 rg BT 380.71 426.40 Td (to ) Tj ET Q q 0 0 0 rg BT 390.35 426.40 Td (honor ) Tj ET Q q 0 0 0 rg BT 413.98 426.40 Td (its ) Tj ET Q q 0 0 0 rg BT 425.11 426.40 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 466.23 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 476.36 426.40 Td (our ) Tj ET Q q 0 0 0 rg BT 490.99 426.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 509.12 426.40 Td (or ) Tj ET Q q 0 0 0 rg BT 519.25 426.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 549.37 426.40 Td (us ) Tj ET Q q 0 0 0 rg BT 560.01 426.40 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 415.60 Td (suf) Tj ET Q q 0 0 0 rg BT 46.84 415.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 72.09 415.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 104.86 415.60 Td (could ) Tj ET Q q 0 0 0 rg BT 127.11 415.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 166.86 415.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 193.62 415.60 Td (our ) Tj ET Q q 0 0 0 rg BT 207.88 415.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 242.90 415.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 268.15 415.60 Td (see ) Tj ET Q q 0 0 0 rg BT 281.91 415.60 Td ("W) Tj ET Q q 0 0 0 rg BT 302.36 415.60 Td (e ) Tj ET Q q 0 0 0 rg BT 308.62 415.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.87 415.60 Td (a ) Tj ET Q q 0 0 0 rg BT 328.13 415.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 357.89 415.60 Td (company ) Tj ET Q q 0 0 0 rg BT 393.14 415.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 432.39 415.60 Td (on ) Tj ET Q q 0 0 0 rg BT 443.66 415.60 Td (our ) Tj ET Q q 0 0 0 rg BT 457.92 415.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 502.68 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.94 415.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 544.68 415.60 Td (af) Tj ET Q q 0 0 0 rg BT 551.51 415.60 Td (filiates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 404.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.85 404.80 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 78.44 404.80 Td (including ) Tj ET Q q 0 0 0 rg BT 114.79 404.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 145.14 404.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 193.95 404.80 Td (AS, ) Tj ET Q q 0 0 0 rg BT 210.06 404.80 Td (or ) Tj ET Q q 0 0 0 rg BT 219.91 404.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 250.25 404.80 Td (Management, ) Tj ET Q q 0 0 0 rg BT 301.84 404.80 Td (to ) Tj ET Q q 0 0 0 rg BT 311.19 404.80 Td (assist ) Tj ET Q q 0 0 0 rg BT 333.05 404.80 Td (us ) Tj ET Q q 0 0 0 rg BT 343.40 404.80 Td (in ) Tj ET Q q 0 0 0 rg BT 352.75 404.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 389.09 404.80 Td (and ) Tj ET Q q 0 0 0 rg BT 404.44 404.80 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 441.79 404.80 Td (our ) Tj ET Q q 0 0 0 rg BT 456.14 404.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 489.97 404.80 Td (obligations" ) Tj ET Q q 0 0 0 rg BT 536.00 404.80 Td (below) Tj ET Q q 0 0 0 rg BT 557.41 404.80 Td (. ) Tj ET Q q 0 0 0 rg BT 562.01 404.80 Td (Our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.00 Td (future ) Tj ET Q q 0 0 0 rg BT 59.88 394.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 78.27 394.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 100.66 394.00 Td (may ) Tj ET Q q 0 0 0 rg BT 118.55 394.00 Td (be ) Tj ET Q q 0 0 0 rg BT 129.44 394.00 Td (insuf) Tj ET Q q 0 0 0 rg BT 147.27 394.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 172.65 394.00 Td (to ) Tj ET Q q 0 0 0 rg BT 182.05 394.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 201.93 394.00 Td (all ) Tj ET Q q 0 0 0 rg BT 213.32 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 223.21 394.00 Td (our ) Tj ET Q q 0 0 0 rg BT 237.60 394.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 255.49 394.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 297.88 394.00 Td (and ) Tj ET Q q 0 0 0 rg BT 313.27 394.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 355.64 394.00 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 409.28 394.00 Td (and ) Tj ET Q q 0 0 0 rg BT 424.66 394.00 Td (any ) Tj ET Q q 0 0 0 rg BT 440.05 394.00 Td (insuf) Tj ET Q q 0 0 0 rg BT 457.89 394.00 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 489.26 394.00 Td (could ) Tj ET Q q 0 0 0 rg BT 511.65 394.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 551.53 394.00 Td (impact ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.20 Td (our ) Tj ET Q q 0 0 0 rg BT 50.15 383.20 Td (business. ) Tj ET Q q 0 0 0 rg BT 84.90 383.20 Td (T) Tj ET Q q 0 0 0 rg BT 89.77 383.20 Td (o ) Tj ET Q q 0 0 0 rg BT 96.43 383.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.58 383.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 133.72 383.20 Td (that ) Tj ET Q q 0 0 0 rg BT 149.37 383.20 Td (we ) Tj ET Q q 0 0 0 rg BT 162.02 383.20 Td (are ) Tj ET Q q 0 0 0 rg BT 175.16 383.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 201.30 383.20 Td (to ) Tj ET Q q 0 0 0 rg BT 210.46 383.20 Td (repay ) Tj ET Q q 0 0 0 rg BT 232.60 383.20 Td (our ) Tj ET Q q 0 0 0 rg BT 246.75 383.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 295.39 383.20 Td (as ) Tj ET Q q 0 0 0 rg BT 305.04 383.20 Td (it ) Tj ET Q q 0 0 0 rg BT 312.20 383.20 Td (becomes ) Tj ET Q q 0 0 0 rg BT 345.84 383.20 Td (due ) Tj ET Q q 0 0 0 rg BT 360.99 383.20 Td (or ) Tj ET Q q 0 0 0 rg BT 370.64 383.20 Td (at ) Tj ET Q q 0 0 0 rg BT 379.29 383.20 Td (maturity) Tj ET Q q 0 0 0 rg BT 409.20 383.20 Td (, ) Tj ET Q q 0 0 0 rg BT 413.60 383.20 Td (we ) Tj ET Q q 0 0 0 rg BT 426.25 383.20 Td (may ) Tj ET Q q 0 0 0 rg BT 443.90 383.20 Td (need ) Tj ET Q q 0 0 0 rg BT 463.05 383.20 Td (to ) Tj ET Q q 0 0 0 rg BT 472.20 383.20 Td (refinance ) Tj ET Q q 0 0 0 rg BT 507.83 383.20 Td (our ) Tj ET Q q 0 0 0 rg BT 521.98 383.20 Td (debt, ) Tj ET Q q 0 0 0 rg BT 541.88 383.20 Td (raise ) Tj ET Q q 0 0 0 rg BT 561.02 383.20 Td (new ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 372.40 Td (debt, ) Tj ET Q q 0 0 0 rg BT 55.82 372.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 70.38 372.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 93.45 372.40 Td (or ) Tj ET Q q 0 0 0 rg BT 103.02 372.40 Td (repay ) Tj ET Q q 0 0 0 rg BT 125.08 372.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.14 372.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 155.71 372.40 Td (with ) Tj ET Q q 0 0 0 rg BT 173.78 372.40 Td (the ) Tj ET Q q 0 0 0 rg BT 186.85 372.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 220.90 372.40 Td (from ) Tj ET Q q 0 0 0 rg BT 240.47 372.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 265.03 372.40 Td (of) Tj ET Q q 0 0 0 rg BT 272.37 372.40 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 301.22 372.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 341.79 372.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 390.35 372.40 Td (or ) Tj ET Q q 0 0 0 rg BT 399.92 372.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 424.48 372.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 460.54 372.40 Td (may ) Tj ET Q q 0 0 0 rg BT 478.11 372.40 Td (not ) Tj ET Q q 0 0 0 rg BT 491.68 372.40 Td (be ) Tj ET Q q 0 0 0 rg BT 502.25 372.40 Td (available ) Tj ET Q q 0 0 0 rg BT 536.80 372.40 Td (to ) Tj ET Q q 0 0 0 rg BT 545.87 372.40 Td (us ) Tj ET Q q 0 0 0 rg BT 555.94 372.40 Td (in ) Tj ET Q q 0 0 0 rg BT 565.01 372.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 361.60 Td (future ) Tj ET Q q 0 0 0 rg BT 59.71 361.60 Td (for ) Tj ET Q q 0 0 0 rg BT 72.43 361.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.65 361.60 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 128.85 361.60 Td (or ) Tj ET Q q 0 0 0 rg BT 138.57 361.60 Td (repayment ) Tj ET Q q 0 0 0 rg BT 178.78 361.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.50 361.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 219.22 361.60 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 270.18 361.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.40 361.60 Td (we ) Tj ET Q q 0 0 0 rg BT 298.12 361.60 Td (may ) Tj ET Q q 0 0 0 rg BT 315.84 361.60 Td (not ) Tj ET Q q 0 0 0 rg BT 329.56 361.60 Td (be ) Tj ET Q q 0 0 0 rg BT 340.28 361.60 Td (able ) Tj ET Q q 0 0 0 rg BT 357.50 361.60 Td (to ) Tj ET Q q 0 0 0 rg BT 366.72 361.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 401.93 361.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 421.65 361.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 441.36 361.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.59 361.60 Td (a ) Tj ET Q q 0 0 0 rg BT 456.81 361.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 482.03 361.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 511.24 361.60 Td (suf) Tj ET Q q 0 0 0 rg BT 522.07 361.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 547.29 361.60 Td (to ) Tj ET Q q 0 0 0 rg BT 556.51 361.60 Td (make ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 350.80 Td (such ) Tj ET Q q 0 0 0 rg BT 54.75 350.80 Td (repayments. ) Tj ET Q q 0 0 0 rg BT 100.73 350.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 125.97 350.80 Td (see ) Tj ET Q q 0 0 0 rg BT 139.72 350.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 162.45 350.80 Td (5. ) Tj ET Q q 0 0 0 rg BT 171.45 350.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 209.69 350.80 Td (and ) Tj ET Q q 0 0 0 rg BT 224.93 350.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 260.67 350.80 Td (Review ) Tj ET Q q 0 0 0 rg BT 290.42 350.80 Td (and ) Tj ET Q q 0 0 0 rg BT 305.66 350.80 Td (ProspectsB. ) Tj ET Q q 0 0 0 rg BT 359.66 350.80 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 395.41 350.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.66 350.80 Td (Capital ) Tj ET Q q 0 0 0 rg BT 438.90 350.80 Td (Resources.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 323.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 323.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.13 323.20 Td (are ) Tj ET Q q 0 0 0 rg BT 64.94 323.20 Td (a ) Tj ET Q q 0 0 0 rg BT 72.24 323.20 Td (holding ) Tj ET Q q 0 0 0 rg BT 103.56 323.20 Td (company ) Tj ET Q q 0 0 0 rg BT 139.86 323.20 Td (dependent ) Tj ET Q q 0 0 0 rg BT 180.66 323.20 Td (on ) Tj ET Q q 0 0 0 rg BT 192.97 323.20 Td (our ) Tj ET Q q 0 0 0 rg BT 208.78 323.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 255.59 323.20 Td (and ) Tj ET Q q 0 0 0 rg BT 272.40 323.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 301.21 323.20 Td (af) Tj ET Q q 0 0 0 rg BT 308.54 323.20 Td (filiates ) Tj ET Q q 0 0 0 rg BT 336.34 323.20 Td (of ) Tj ET Q q 0 0 0 rg BT 346.64 323.20 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 380.70 323.20 Td (including ) Tj ET Q q 0 0 0 rg BT 419.02 323.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 450.83 323.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 502.64 323.20 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 536.19 323.20 Td (or ) Tj ET Q q 0 0 0 rg BT 546.99 323.20 Td (Seadrill ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 312.40 Td (Management, ) Tj ET Q q 0 0 0 rg BT 89.50 312.40 Td (to ) Tj ET Q q 0 0 0 rg BT 98.75 312.40 Td (assist ) Tj ET Q q 0 0 0 rg BT 121.01 312.40 Td (us ) Tj ET Q q 0 0 0 rg BT 131.77 312.40 Td (in ) Tj ET Q q 0 0 0 rg BT 141.53 312.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.28 312.40 Td (and ) Tj ET Q q 0 0 0 rg BT 195.53 312.40 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 233.29 312.40 Td (our ) Tj ET Q q 0 0 0 rg BT 248.55 312.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.30 312.40 Td (obligations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 298.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.92 298.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.05 298.60 Td (a ) Tj ET Q q 0 0 0 rg BT 69.20 298.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 98.85 298.60 Td (company) Tj ET Q q 0 0 0 rg BT 131.25 298.60 Td (, ) Tj ET Q q 0 0 0 rg BT 135.65 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.79 298.60 Td (our ) Tj ET Q q 0 0 0 rg BT 164.94 298.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 211.83 298.60 Td (which ) Tj ET Q q 0 0 0 rg BT 235.98 298.60 Td (are ) Tj ET Q q 0 0 0 rg BT 249.11 298.60 Td (all ) Tj ET Q q 0 0 0 rg BT 260.26 298.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 289.89 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.04 298.60 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 341.67 298.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 395.82 298.60 Td (by ) Tj ET Q q 0 0 0 rg BT 406.96 298.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 419.37 298.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 450.00 298.60 Td (all ) Tj ET Q q 0 0 0 rg BT 461.15 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.79 298.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.94 298.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 524.58 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 539.72 298.60 Td (own ) Tj ET Q q 0 0 0 rg BT 557.37 298.60 Td (all ) Tj ET Q q 0 0 0 rg BT 568.52 298.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 287.80 Td (our ) Tj ET Q q 0 0 0 rg BT 50.04 287.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 86.07 287.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 110.91 287.80 Td (As ) Tj ET Q q 0 0 0 rg BT 122.96 287.80 Td (a ) Tj ET Q q 0 0 0 rg BT 128.99 287.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 153.28 287.80 Td (our ) Tj ET Q q 0 0 0 rg BT 167.32 287.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 192.36 287.80 Td (to ) Tj ET Q q 0 0 0 rg BT 201.41 287.80 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 226.95 287.80 Td (our ) Tj ET Q q 0 0 0 rg BT 240.99 287.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.51 287.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 316.56 287.80 Td (in ) Tj ET Q q 0 0 0 rg BT 325.60 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 338.64 287.80 Td (future ) Tj ET Q q 0 0 0 rg BT 362.17 287.80 Td (depends ) Tj ET Q q 0 0 0 rg BT 393.71 287.80 Td (on ) Tj ET Q q 0 0 0 rg BT 404.75 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 417.79 287.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 442.83 287.80 Td (of ) Tj ET Q q 0 0 0 rg BT 452.37 287.80 Td (our ) Tj ET Q q 0 0 0 rg BT 466.41 287.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 510.95 287.80 Td (to ) Tj ET Q q 0 0 0 rg BT 519.99 287.80 Td (generate ) Tj ET Q q 0 0 0 rg BT 552.51 287.80 Td (profits ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.00 Td (available ) Tj ET Q q 0 0 0 rg BT 70.64 277.00 Td (for ) Tj ET Q q 0 0 0 rg BT 83.30 277.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 126.96 277.00 Td (to ) Tj ET Q q 0 0 0 rg BT 136.12 277.00 Td (us. ) Tj ET Q q 0 0 0 rg BT 148.53 277.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 164.69 277.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 189.85 277.00 Td (to ) Tj ET Q q 0 0 0 rg BT 199.01 277.00 Td (enter ) Tj ET Q q 0 0 0 rg BT 219.16 277.00 Td (into ) Tj ET Q q 0 0 0 rg BT 235.32 277.00 Td (new ) Tj ET Q q 0 0 0 rg BT 252.48 277.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 281.14 277.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 315.78 277.00 Td (and ) Tj ET Q q 0 0 0 rg BT 330.94 277.00 Td (expand ) Tj ET Q q 0 0 0 rg BT 359.09 277.00 Td (our ) Tj ET Q q 0 0 0 rg BT 373.25 277.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 408.40 277.00 Td (and ) Tj ET Q q 0 0 0 rg BT 423.55 277.00 Td (supplier ) Tj ET Q q 0 0 0 rg BT 454.71 277.00 Td (relationships ) Tj ET Q q 0 0 0 rg BT 502.86 277.00 Td (also ) Tj ET Q q 0 0 0 rg BT 519.52 277.00 Td (depends ) Tj ET Q q 0 0 0 rg BT 551.18 277.00 Td (lar) Tj ET Q q 0 0 0 rg BT 560.51 277.00 Td (gely ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 266.20 Td (on ) Tj ET Q q 0 0 0 rg BT 47.26 266.20 Td (our ) Tj ET Q q 0 0 0 rg BT 61.52 266.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 86.78 266.20 Td (to ) Tj ET Q q 0 0 0 rg BT 96.05 266.20 Td (leverage ) Tj ET Q q 0 0 0 rg BT 128.79 266.20 Td (our ) Tj ET Q q 0 0 0 rg BT 143.05 266.20 Td (relationship ) Tj ET Q q 0 0 0 rg BT 187.80 266.20 Td (with ) Tj ET Q q 0 0 0 rg BT 206.06 266.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 236.32 266.20 Td (and ) Tj ET Q q 0 0 0 rg BT 251.58 266.20 Td (its ) Tj ET Q q 0 0 0 rg BT 262.34 266.20 Td (reputation ) Tj ET Q q 0 0 0 rg BT 301.10 266.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.35 266.20 Td (relationships ) Tj ET Q q 0 0 0 rg BT 364.61 266.20 Td (in ) Tj ET Q q 0 0 0 rg BT 373.87 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 387.13 266.20 Td (of) Tj ET Q q 0 0 0 rg BT 394.47 266.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 419.22 266.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 447.98 266.20 Td (industry) Tj ET Q q 0 0 0 rg BT 476.90 266.20 Td (. ) Tj ET Q q 0 0 0 rg BT 481.41 266.20 Td (If ) Tj ET Q q 0 0 0 rg BT 489.67 266.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 519.93 266.20 Td (suf) Tj ET Q q 0 0 0 rg BT 530.76 266.20 Td (fers ) Tj ET Q q 0 0 0 rg BT 546.52 266.20 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 255.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 66.23 255.40 Td (to ) Tj ET Q q 0 0 0 rg BT 75.48 255.40 Td (its ) Tj ET Q q 0 0 0 rg BT 86.24 255.40 Td (reputation ) Tj ET Q q 0 0 0 rg BT 124.98 255.40 Td (or ) Tj ET Q q 0 0 0 rg BT 134.72 255.40 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 185.22 255.40 Td (it ) Tj ET Q q 0 0 0 rg BT 192.47 255.40 Td (may ) Tj ET Q q 0 0 0 rg BT 210.21 255.40 Td (harm ) Tj ET Q q 0 0 0 rg BT 230.95 255.40 Td (our ) Tj ET Q q 0 0 0 rg BT 245.20 255.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.45 255.40 Td (to:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 241.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 241.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 87.24 241.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 117.98 241.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 146.73 241.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 181.47 241.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 201.72 241.60 Td (their ) Tj ET Q q 0 0 0 rg BT 220.46 241.60 Td (expiration;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 227.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 227.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 87.75 227.80 Td (new ) Tj ET Q q 0 0 0 rg BT 104.99 227.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 133.74 227.80 Td (contracts;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 214.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 214.00 Td (ef) Tj ET Q q 0 0 0 rg BT 69.83 214.00 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 102.07 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 117.31 214.00 Td (productively ) Tj ET Q q 0 0 0 rg BT 165.05 214.00 Td (carry ) Tj ET Q q 0 0 0 rg BT 185.78 214.00 Td (out ) Tj ET Q q 0 0 0 rg BT 199.53 214.00 Td (our ) Tj ET Q q 0 0 0 rg BT 213.78 214.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.53 214.00 Td (activities;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 200.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 200.20 Td (successfully ) Tj ET Q q 0 0 0 rg BT 109.24 200.20 Td (interact ) Tj ET Q q 0 0 0 rg BT 138.47 200.20 Td (with ) Tj ET Q q 0 0 0 rg BT 156.72 200.20 Td (shipyards;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 186.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 186.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 87.75 186.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 123.98 186.40 Td (and ) Tj ET Q q 0 0 0 rg BT 139.23 186.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 172.97 186.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 209.70 186.40 Td (on ) Tj ET Q q 0 0 0 rg BT 220.95 186.40 Td (commercially ) Tj ET Q q 0 0 0 rg BT 272.68 186.40 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 312.90 186.40 Td (terms; ) Tj ET Q q 0 0 0 rg BT 337.65 186.40 Td (or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 172.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 172.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 96.74 172.60 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 140.48 172.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 188.72 172.60 Td (with ) Tj ET Q q 0 0 0 rg BT 206.97 172.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 241.72 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 256.96 172.60 Td (other ) Tj ET Q q 0 0 0 rg BT 277.70 172.60 Td (third ) Tj ET Q q 0 0 0 rg BT 296.95 172.60 Td (parties.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 145.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 69.51 145.00 Td (to ) Tj ET Q q 0 0 0 rg BT 78.51 145.00 Td (a ) Tj ET Q q 0 0 0 rg BT 84.51 145.00 Td (services ) Tj ET Q q 0 0 0 rg BT 115.51 145.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 154.99 145.00 Td (between ) Tj ET Q q 0 0 0 rg BT 186.98 145.00 Td (us ) Tj ET Q q 0 0 0 rg BT 196.99 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 211.99 145.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 241.99 145.00 Td (Management, ) Tj ET Q q 0 0 0 rg BT 293.23 145.00 Td (or ) Tj ET Q q 0 0 0 rg BT 302.73 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.73 145.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 347.79 145.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 392.02 145.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 422.02 145.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 471.01 145.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 504.01 145.00 Td (us ) Tj ET Q q 0 0 0 rg BT 514.02 145.00 Td (with ) Tj ET Q q 0 0 0 rg BT 532.03 145.00 Td (treasury ) Tj ET Q q 0 0 0 rg BT 563.02 145.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 134.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.00 134.20 Td (advisory ) Tj ET Q q 0 0 0 rg BT 101.51 134.20 Td (services, ) Tj ET Q q 0 0 0 rg BT 134.27 134.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 170.27 134.20 Td (placement ) Tj ET Q q 0 0 0 rg BT 208.77 134.20 Td (and ) Tj ET Q q 0 0 0 rg BT 223.28 134.20 Td (building ) Tj ET Q q 0 0 0 rg BT 254.80 134.20 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 298.32 134.20 Td (services. ) Tj ET Q q 0 0 0 rg BT 330.96 134.20 Td (W) Tj ET Q q 0 0 0 rg BT 338.73 134.20 Td (e ) Tj ET Q q 0 0 0 rg BT 344.25 134.20 Td (also ) Tj ET Q q 0 0 0 rg BT 360.26 134.20 Td (receive ) Tj ET Q q 0 0 0 rg BT 387.76 134.20 Td (corporate, ) Tj ET Q q 0 0 0 rg BT 425.51 134.20 Td (secretarial ) Tj ET Q q 0 0 0 rg BT 464.00 134.20 Td (and ) Tj ET Q q 0 0 0 rg BT 478.51 134.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 504.51 134.20 Td (other ) Tj ET Q q 0 0 0 rg BT 524.52 134.20 Td (administrative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 123.40 Td (services ) Tj ET Q q 0 0 0 rg BT 67.10 123.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 96.71 123.40 Td (to ) Tj ET Q q 0 0 0 rg BT 105.83 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.94 123.40 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 162.06 123.40 Td (of ) Tj ET Q q 0 0 0 rg BT 171.67 123.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 206.78 123.40 Td (from ) Tj ET Q q 0 0 0 rg BT 226.39 123.40 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 261.51 123.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 310.61 123.40 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 351.71 123.40 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 368.58 123.40 Td (under ) Tj ET Q q 0 0 0 rg BT 391.19 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 404.30 123.40 Td (Services ) Tj ET Q q 0 0 0 rg BT 436.44 123.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 478.54 123.40 Td (with ) Tj ET Q q 0 0 0 rg BT 496.66 123.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 526.77 123.40 Td (Management. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 112.60 Td (In ) Tj ET Q q 0 0 0 rg BT 44.97 112.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 78.19 112.60 Td (we ) Tj ET Q q 0 0 0 rg BT 90.16 112.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 117.61 112.60 Td (management ) Tj ET Q q 0 0 0 rg BT 165.07 112.60 Td (services ) Tj ET Q q 0 0 0 rg BT 195.53 112.60 Td (from ) Tj ET Q q 0 0 0 rg BT 214.50 112.60 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 254.96 112.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 303.41 112.60 Td (Norway ) Tj ET Q q 0 0 0 rg BT 333.55 112.60 Td (AS. ) Tj ET Q q 0 0 0 rg BT 348.78 112.60 Td (In ) Tj ET Q q 0 0 0 rg BT 357.75 112.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 390.97 112.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 423.44 112.60 Td (to ) Tj ET Q q 0 0 0 rg BT 431.92 112.60 Td (our ) Tj ET Q q 0 0 0 rg BT 445.39 112.60 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 489.35 112.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 528.30 112.60 Td (with ) Tj ET Q q 0 0 0 rg BT 545.77 112.60 Td (Seadrill, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.58 101.80 Td (the ) Tj ET Q q 0 0 0 rg BT 58.65 101.80 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 104.77 101.80 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 149.08 101.80 Td (we ) Tj ET Q q 0 0 0 rg BT 161.65 101.80 Td (have ) Tj ET Q q 0 0 0 rg BT 180.72 101.80 Td (the ) Tj ET Q q 0 0 0 rg BT 193.80 101.80 Td (right ) Tj ET Q q 0 0 0 rg BT 212.88 101.80 Td (of ) Tj ET Q q 0 0 0 rg BT 222.46 101.80 Td (first ) Tj ET Q q 0 0 0 rg BT 239.04 101.80 Td (refusal ) Tj ET Q q 0 0 0 rg BT 265.60 101.80 Td (to ) Tj ET Q q 0 0 0 rg BT 274.69 101.80 Td (participate ) Tj ET Q q 0 0 0 rg BT 314.74 101.80 Td (in ) Tj ET Q q 0 0 0 rg BT 323.83 101.80 Td (any ) Tj ET Q q 0 0 0 rg BT 338.90 101.80 Td (business ) Tj ET Q q 0 0 0 rg BT 371.48 101.80 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 415.56 101.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 452.13 101.80 Td (by ) Tj ET Q q 0 0 0 rg BT 463.21 101.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 493.29 101.80 Td (for ) Tj ET Q q 0 0 0 rg BT 505.86 101.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 534.44 101.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 569.01 101.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 91.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 91.00 Td (North ) Tj ET Q q 0 0 0 rg BT 72.01 91.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 103.25 91.00 Td (Region ) Tj ET Q q 0 0 0 rg BT 131.50 91.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.75 91.00 Td (have ) Tj ET Q q 0 0 0 rg BT 166.00 91.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 200.25 91.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 230.50 91.00 Td (with ) Tj ET Q q 0 0 0 rg BT 248.75 91.00 Td (a ) Tj ET Q q 0 0 0 rg BT 255.00 91.00 Td (right ) Tj ET Q q 0 0 0 rg BT 274.25 91.00 Td (of ) Tj ET Q q 0 0 0 rg BT 284.01 91.00 Td (first ) Tj ET Q q 0 0 0 rg BT 300.76 91.00 Td (refusal ) Tj ET Q q 0 0 0 rg BT 327.50 91.00 Td (to ) Tj ET Q q 0 0 0 rg BT 336.76 91.00 Td (participate ) Tj ET Q q 0 0 0 rg BT 376.99 91.00 Td (in ) Tj ET Q q 0 0 0 rg BT 386.25 91.00 Td (any ) Tj ET Q q 0 0 0 rg BT 401.50 91.00 Td (business ) Tj ET Q q 0 0 0 rg BT 434.25 91.00 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 478.51 91.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 515.25 91.00 Td (by ) Tj ET Q q 0 0 0 rg BT 526.51 91.00 Td (us ) Tj ET Q q 0 0 0 rg BT 536.77 91.00 Td (for ) Tj ET Q q 0 0 0 rg BT 549.51 91.00 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 80.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 71.54 80.20 Td (outside ) Tj ET Q q 0 0 0 rg BT 100.59 80.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.64 80.20 Td (North ) Tj ET Q q 0 0 0 rg BT 138.02 80.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 170.06 80.20 Td (Region. ) Tj ET Q q 0 0 0 rg BT 201.36 80.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 218.41 80.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 261.95 80.20 Td (success ) Tj ET Q q 0 0 0 rg BT 291.99 80.20 Td (and ) Tj ET Q q 0 0 0 rg BT 308.04 80.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 334.09 80.20 Td (to ) Tj ET Q q 0 0 0 rg BT 344.14 80.20 Td (execute ) Tj ET Q q 0 0 0 rg BT 374.68 80.20 Td (our ) Tj ET Q q 0 0 0 rg BT 389.73 80.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 418.28 80.20 Td (strategy ) Tj ET Q q 0 0 0 rg BT 449.82 80.20 Td (will ) Tj ET Q q 0 0 0 rg BT 466.87 80.20 Td (depend ) Tj ET Q q 0 0 0 rg BT 495.92 80.20 Td (significantly ) Tj ET Q q 0 0 0 rg BT 543.96 80.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 565.01 80.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 69.40 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 78.76 69.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 125.51 69.40 Td (of ) Tj ET Q q 0 0 0 rg BT 134.29 69.40 Td (these ) Tj ET Q q 0 0 0 rg BT 154.06 69.40 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 198.57 69.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 213.84 69.40 Td (business ) Tj ET Q q 0 0 0 rg BT 245.62 69.40 Td (will ) Tj ET Q q 0 0 0 rg BT 260.90 69.40 Td (be ) Tj ET Q q 0 0 0 rg BT 270.68 69.40 Td (harmed ) Tj ET Q q 0 0 0 rg BT 298.94 69.40 Td (if ) Tj ET Q q 0 0 0 rg BT 305.72 69.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 334.99 69.40 Td (and ) Tj ET Q q 0 0 0 rg BT 349.26 69.40 Td (its ) Tj ET Q q 0 0 0 rg BT 359.05 69.40 Td (af) Tj ET Q q 0 0 0 rg BT 365.88 69.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 391.65 69.40 Td (fail ) Tj ET Q q 0 0 0 rg BT 404.92 69.40 Td (to ) Tj ET Q q 0 0 0 rg BT 413.20 69.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 443.46 69.40 Td (satisfactorily ) Tj ET Q q 0 0 0 rg BT 491.23 69.40 Td (under ) Tj ET Q q 0 0 0 rg BT 513.00 69.40 Td (these ) Tj ET Q q 0 0 0 rg BT 532.77 69.40 Td (agreements, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.60 Td (if ) Tj ET Q q 0 0 0 rg BT 42.92 58.60 Td (they ) Tj ET Q q 0 0 0 rg BT 59.84 58.60 Td (cancel ) Tj ET Q q 0 0 0 rg BT 84.24 58.60 Td (their ) Tj ET Q q 0 0 0 rg BT 102.16 58.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 144.56 58.60 Td (with ) Tj ET Q q 0 0 0 rg BT 161.99 58.60 Td (us ) Tj ET Q q 0 0 0 rg BT 171.41 58.60 Td (or ) Tj ET Q q 0 0 0 rg BT 180.33 58.60 Td (if ) Tj ET Q q 0 0 0 rg BT 187.26 58.60 Td (they ) Tj ET Q q 0 0 0 rg BT 204.17 58.60 Td (stop ) Tj ET Q q 0 0 0 rg BT 220.60 58.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 257.02 58.60 Td (these ) Tj ET Q q 0 0 0 rg BT 276.94 58.60 Td (services ) Tj ET Q q 0 0 0 rg BT 307.35 58.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.77 58.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 327.45 58.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 351.87 58.60 Td (see ) Tj ET Q q 0 0 0 rg BT 364.78 58.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 386.69 58.60 Td (7. ) Tj ET Q q 0 0 0 rg BT 394.87 58.60 Td (Major ) Tj ET Q q 0 0 0 rg BT 418.28 58.60 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 466.69 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.11 58.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 510.02 58.60 Td (Party ) Tj ET Q q 0 0 0 rg BT 530.34 58.60 Td (T) Tj ET Q q 0 0 0 rg BT 535.52 58.60 Td (ransactions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.80 Td (B. ) Tj ET Q q 0 0 0 rg BT 55.50 47.80 Td (Related ) Tj ET Q q 0 0 0 rg BT 85.24 47.80 Td (Party ) Tj ET Q q 0 0 0 rg BT 106.33 47.80 Td (T) Tj ET Q q 0 0 0 rg BT 111.51 47.80 Td (ransactions.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (Although ) Tj ET Q q 0 0 0 rg BT 72.49 736.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 102.98 736.00 Td (has ) Tj ET Q q 0 0 0 rg BT 117.47 736.00 Td (historically ) Tj ET Q q 0 0 0 rg BT 160.46 736.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 194.94 736.00 Td (us ) Tj ET Q q 0 0 0 rg BT 205.44 736.00 Td (with ) Tj ET Q q 0 0 0 rg BT 223.94 736.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 264.42 736.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.40 736.00 Td (resources, ) Tj ET Q q 0 0 0 rg BT 337.12 736.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 367.61 736.00 Td (may ) Tj ET Q q 0 0 0 rg BT 385.60 736.00 Td (diminish ) Tj ET Q q 0 0 0 rg BT 419.60 736.00 Td (or ) Tj ET Q q 0 0 0 rg BT 429.59 736.00 Td (cease ) Tj ET Q q 0 0 0 rg BT 451.57 736.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 489.06 736.00 Td (such ) Tj ET Q q 0 0 0 rg BT 508.05 736.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 542.03 736.00 Td (resources ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.31 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.62 725.20 Td (future. ) Tj ET Q q 0 0 0 rg BT 84.68 725.20 Td (If ) Tj ET Q q 0 0 0 rg BT 92.98 725.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 123.29 725.20 Td (were ) Tj ET Q q 0 0 0 rg BT 143.09 725.20 Td (to ) Tj ET Q q 0 0 0 rg BT 152.41 725.20 Td (reduce ) Tj ET Q q 0 0 0 rg BT 178.70 725.20 Td (its ) Tj ET Q q 0 0 0 rg BT 189.52 725.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 229.33 725.20 Td (in ) Tj ET Q q 0 0 0 rg BT 238.64 725.20 Td (us ) Tj ET Q q 0 0 0 rg BT 248.96 725.20 Td (to ) Tj ET Q q 0 0 0 rg BT 258.27 725.20 Td (a ) Tj ET Q q 0 0 0 rg BT 264.58 725.20 Td (minority ) Tj ET Q q 0 0 0 rg BT 297.89 725.20 Td (interest, ) Tj ET Q q 0 0 0 rg BT 328.95 725.20 Td (we ) Tj ET Q q 0 0 0 rg BT 341.76 725.20 Td (can ) Tj ET Q q 0 0 0 rg BT 356.56 725.20 Td (provide ) Tj ET 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464.20 Td ( ) Tj ET Q q 0 0 0 rg BT 465.04 464.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 497.20 464.20 Td (may ) Tj ET Q q 0 0 0 rg BT 514.86 464.20 Td (be ) Tj ET Q q 0 0 0 rg BT 525.52 464.20 Td (dif) Tj ET Q q 0 0 0 rg BT 535.36 464.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 558.51 464.20 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 453.40 Td (ours ) Tj ET Q q 0 0 0 rg BT 53.15 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 67.79 453.40 Td (we ) Tj ET Q q 0 0 0 rg BT 79.94 453.40 Td (may ) Tj ET Q q 0 0 0 rg BT 97.08 453.40 Td (not ) Tj ET Q q 0 0 0 rg BT 110.23 453.40 Td (be ) Tj ET Q q 0 0 0 rg BT 120.37 453.40 Td (able ) Tj ET Q q 0 0 0 rg BT 137.01 453.40 Td (to ) Tj ET Q q 0 0 0 rg BT 145.66 453.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 169.80 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 183.45 453.40 Td (lenders) Tj ET Q q 0 0 0 rg BT 211.77 453.40 Td ( ) Tj ET Q q 0 0 0 rg BT 213.42 453.40 Td (permission ) Tj ET Q q 0 0 0 rg BT 254.56 453.40 Td (when ) Tj ET Q q 0 0 0 rg BT 275.71 453.40 Td (needed. ) Tj ET Q q 0 0 0 rg BT 304.97 453.40 Td (This ) Tj ET Q q 0 0 0 rg BT 322.62 453.40 Td (may ) Tj ET Q q 0 0 0 rg BT 339.77 453.40 Td (limit ) Tj ET Q q 0 0 0 rg BT 358.42 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 372.06 453.40 Td (long ) Tj ET Q q 0 0 0 rg BT 389.71 453.40 Td (term ) Tj ET Q q 0 0 0 rg BT 407.85 453.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 432.50 453.40 Td (to ) Tj ET Q q 0 0 0 rg BT 441.15 453.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 455.79 453.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 492.44 453.40 Td (to ) Tj ET Q q 0 0 0 rg BT 501.09 453.40 Td (you, ) Tj ET Q q 0 0 0 rg BT 518.49 453.40 Td (if ) Tj ET Q q 0 0 0 rg BT 525.63 453.40 Td (we ) Tj ET Q q 0 0 0 rg BT 537.78 453.40 Td (determine, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 442.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 442.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.48 442.60 Td (able, ) Tj ET Q q 0 0 0 rg BT 83.97 442.60 Td (to ) Tj ET Q q 0 0 0 rg BT 93.22 442.60 Td (do ) Tj ET Q q 0 0 0 rg BT 104.47 442.60 Td (so ) Tj ET Q q 0 0 0 rg BT 114.72 442.60 Td (in ) Tj ET Q q 0 0 0 rg BT 123.97 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.22 442.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 163.21 442.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 191.94 442.60 Td (our ) Tj ET Q q 0 0 0 rg BT 206.19 442.60 Td (future ) Tj ET Q q 0 0 0 rg BT 229.93 442.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 269.67 442.60 Td (or ) Tj ET Q q 0 0 0 rg BT 279.41 442.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 305.65 442.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 357.13 442.60 Td (make ) Tj ET Q q 0 0 0 rg BT 378.87 442.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 424.12 442.60 Td (or ) Tj ET Q q 0 0 0 rg BT 433.86 442.60 Td (pursue ) Tj ET Q q 0 0 0 rg BT 460.11 442.60 Td (business ) Tj ET Q q 0 0 0 rg BT 492.86 442.60 Td (opportunities. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 415.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.53 415.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.05 415.00 Td (to ) Tj ET Q q 0 0 0 rg BT 87.58 415.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 117.11 415.00 Td (with ) Tj ET Q q 0 0 0 rg BT 135.64 415.00 Td (the ) Tj ET Q q 0 0 0 rg BT 149.17 415.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 191.69 415.00 Td (and ) Tj ET Q q 0 0 0 rg BT 207.21 415.00 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 247.98 415.00 Td (including ) Tj ET Q q 0 0 0 rg BT 284.51 415.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.52 415.00 Td (ratios ) Tj ET Q q 0 0 0 rg BT 341.04 415.00 Td (and ) Tj ET Q q 0 0 0 rg BT 356.57 415.00 Td (tests, ) Tj ET Q q 0 0 0 rg BT 377.35 415.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 414.86 415.00 Td (in ) Tj ET Q q 0 0 0 rg BT 424.40 415.00 Td (our ) Tj ET Q q 0 0 0 rg BT 438.92 415.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 475.44 415.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 518.95 415.00 Td (is ) Tj ET Q q 0 0 0 rg BT 527.48 415.00 Td (dependent ) Tj ET Q q 0 0 0 rg BT 567.00 415.00 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 404.20 Td (our ) Tj ET Q q 0 0 0 rg BT 49.51 404.20 Td (future ) Tj ET Q q 0 0 0 rg BT 72.51 404.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 119.49 404.20 Td (and ) Tj ET Q q 0 0 0 rg BT 133.99 404.20 Td (may ) Tj ET Q q 0 0 0 rg BT 151.00 404.20 Td (be ) Tj ET Q q 0 0 0 rg BT 161.01 404.20 Td (af) Tj ET Q q 0 0 0 rg BT 167.83 404.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 191.33 404.20 Td (by ) Tj ET Q q 0 0 0 rg BT 201.84 404.20 Td (events ) Tj ET Q q 0 0 0 rg BT 226.34 404.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 254.35 404.20 Td (our ) Tj ET Q q 0 0 0 rg BT 267.85 404.20 Td (control, ) Tj ET Q q 0 0 0 rg BT 297.11 404.20 Td (including ) Tj ET Q q 0 0 0 rg BT 332.61 404.20 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 370.61 404.20 Td (economic, ) Tj ET Q q 0 0 0 rg BT 409.36 404.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.35 404.20 Td (and ) Tj ET Q q 0 0 0 rg BT 456.86 404.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 487.87 404.20 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 529.02 404.20 Td (The ) Tj ET Q q 0 0 0 rg BT 544.52 404.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 393.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 73.76 393.40 Td (in ) Tj ET Q q 0 0 0 rg BT 82.54 393.40 Td (our ) Tj ET Q q 0 0 0 rg BT 96.31 393.40 Td (NOK ) Tj ET Q q 0 0 0 rg BT 117.58 393.40 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 139.60 393.40 Td (Million ) Tj ET Q q 0 0 0 rg BT 168.38 393.40 Td (Senior ) Tj ET Q q 0 0 0 rg BT 193.66 393.40 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 233.91 393.40 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 257.44 393.40 Td (our ) Tj ET Q q 0 0 0 rg BT 271.21 393.40 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 297.74 393.40 Td (Million ) Tj ET Q q 0 0 0 rg BT 326.52 393.40 Td (Senior ) Tj ET Q q 0 0 0 rg BT 351.79 393.40 Td (Secured ) Tj ET Q q 0 0 0 rg BT 382.55 393.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 406.82 393.40 Td (Facility ) Tj ET Q q 0 0 0 rg BT 436.09 393.40 Td (and ) Tj ET Q q 0 0 0 rg BT 450.86 393.40 Td (our ) Tj ET Q q 0 0 0 rg BT 464.63 393.40 Td (Sale ) Tj ET Q q 0 0 0 rg BT 481.90 393.40 Td (and ) Tj ET Q q 0 0 0 rg BT 496.67 393.40 Td (Leaseback ) Tj ET Q q 0 0 0 rg BT 536.02 393.40 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 382.60 Td (with ) Tj ET Q q 0 0 0 rg BT 53.58 382.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 71.67 382.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 101.74 382.60 Td (were ) Tj ET Q q 0 0 0 rg BT 120.81 382.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 154.88 382.60 Td (replacing ) Tj ET Q q 0 0 0 rg BT 189.94 382.60 Td (our ) Tj ET Q q 0 0 0 rg BT 203.52 382.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 249.09 382.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.15 382.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 319.72 382.60 Td (by ) Tj ET Q q 0 0 0 rg BT 330.30 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.88 382.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 374.95 382.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.01 382.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 445.58 382.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.66 382.60 Td (our ) Tj ET Q q 0 0 0 rg BT 468.24 382.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 500.32 382.60 Td (shareholder) Tj ET Q q 0 0 0 rg BT 541.94 382.60 Td (, ) Tj ET Q q 0 0 0 rg BT 545.77 382.60 Td (Seadrill, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 371.80 Td (and ) Tj ET Q q 0 0 0 rg BT 50.95 371.80 Td (to ) Tj ET Q q 0 0 0 rg BT 59.90 371.80 Td (add ) Tj ET Q q 0 0 0 rg BT 74.85 371.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 104.80 371.80 Td (as ) Tj ET Q q 0 0 0 rg BT 114.25 371.80 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 150.69 371.80 Td (of ) Tj ET Q q 0 0 0 rg BT 160.14 371.80 Td (the ) Tj ET Q q 0 0 0 rg BT 173.08 371.80 Td (debt. ) Tj ET Q q 0 0 0 rg BT 192.64 371.80 Td (W) Tj ET Q q 0 0 0 rg BT 200.42 371.80 Td (e ) Tj ET Q q 0 0 0 rg BT 206.36 371.80 Td (or ) Tj ET Q q 0 0 0 rg BT 215.81 371.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 245.76 371.80 Td (may ) Tj ET Q q 0 0 0 rg BT 263.21 371.80 Td (seek ) Tj ET Q q 0 0 0 rg BT 281.16 371.80 Td (and ) Tj ET Q q 0 0 0 rg BT 296.10 371.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 320.55 371.80 Td (waivers ) Tj ET Q q 0 0 0 rg BT 350.50 371.80 Td (or ) Tj ET Q q 0 0 0 rg BT 359.95 371.80 Td (amendments ) Tj ET Q q 0 0 0 rg BT 407.39 371.80 Td (from ) Tj ET Q q 0 0 0 rg BT 426.84 371.80 Td (our ) Tj ET Q q 0 0 0 rg BT 440.79 371.80 Td (lenders ) Tj ET Q q 0 0 0 rg BT 468.73 371.80 Td (with ) Tj ET Q q 0 0 0 rg BT 486.68 371.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 514.12 371.80 Td (to ) Tj ET Q q 0 0 0 rg BT 523.08 371.80 Td (the ) Tj ET Q q 0 0 0 rg BT 536.02 371.80 Td (restrictions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 361.00 Td (and ) Tj ET Q q 0 0 0 rg BT 50.75 361.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 88.50 361.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 125.24 361.00 Td (in ) Tj ET Q q 0 0 0 rg BT 133.99 361.00 Td (our ) Tj ET Q q 0 0 0 rg BT 147.75 361.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 165.00 361.00 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 209.99 361.00 Td (If ) Tj ET Q q 0 0 0 rg BT 217.74 361.00 Td (we ) Tj ET Q q 0 0 0 rg BT 229.99 361.00 Td (or ) Tj ET Q q 0 0 0 rg BT 239.24 361.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 268.99 361.00 Td (were ) Tj ET Q q 0 0 0 rg BT 288.23 361.00 Td (to ) Tj ET Q q 0 0 0 rg BT 296.99 361.00 Td (fail ) Tj ET Q q 0 0 0 rg BT 310.74 361.00 Td (to ) Tj ET Q q 0 0 0 rg BT 319.50 361.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 348.25 361.00 Td (with ) Tj ET Q q 0 0 0 rg BT 366.01 361.00 Td (any ) Tj ET Q q 0 0 0 rg BT 380.76 361.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.01 361.00 Td (the ) Tj ET Q q 0 0 0 rg BT 402.77 361.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 444.51 361.00 Td (and ) Tj ET Q q 0 0 0 rg BT 459.26 361.00 Td ( ) Tj ET Q q 0 0 0 rg BT 461.02 361.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 498.76 361.00 Td (in ) Tj ET Q q 0 0 0 rg BT 507.52 361.00 Td (our ) Tj ET Q q 0 0 0 rg BT 521.28 361.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 538.53 361.00 Td (agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 350.20 Td (and ) Tj ET Q q 0 0 0 rg BT 51.29 350.20 Td (we ) Tj ET Q q 0 0 0 rg BT 64.09 350.20 Td (or ) Tj ET Q q 0 0 0 rg BT 73.88 350.20 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 106.42 350.20 Td (as ) Tj ET Q q 0 0 0 rg BT 116.22 350.20 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 157.75 350.20 Td (are ) Tj ET Q q 0 0 0 rg BT 171.03 350.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 197.32 350.20 Td (to ) Tj ET Q q 0 0 0 rg BT 206.62 350.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 231.41 350.20 Td (a ) Tj ET Q q 0 0 0 rg BT 237.70 350.20 Td (waiver ) Tj ET Q q 0 0 0 rg BT 264.49 350.20 Td (or ) Tj ET Q q 0 0 0 rg BT 274.28 350.20 Td (amendment ) Tj ET Q q 0 0 0 rg BT 318.57 350.20 Td (from ) Tj ET Q q 0 0 0 rg BT 338.36 350.20 Td (our ) Tj ET Q q 0 0 0 rg BT 352.66 350.20 Td (lender ) Tj ET Q q 0 0 0 rg BT 377.44 350.20 Td (for ) Tj ET Q q 0 0 0 rg BT 390.23 350.20 Td (such ) Tj ET Q q 0 0 0 rg BT 409.03 350.20 Td (noncompliance, ) Tj ET Q q 0 0 0 rg BT 468.56 350.20 Td (there ) Tj ET Q q 0 0 0 rg BT 488.84 350.20 Td (could ) Tj ET Q q 0 0 0 rg BT 511.14 350.20 Td (be ) Tj ET Q q 0 0 0 rg BT 521.93 350.20 Td (a ) Tj ET Q q 0 0 0 rg BT 528.22 350.20 Td (default ) Tj ET Q q 0 0 0 rg BT 555.51 350.20 Td (under ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 339.40 Td (our ) Tj ET Q q 0 0 0 rg BT 50.53 339.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 87.04 339.40 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 132.62 339.40 Td (W) Tj ET Q q 0 0 0 rg BT 140.39 339.40 Td (e ) Tj ET Q q 0 0 0 rg BT 146.92 339.40 Td (have ) Tj ET Q q 0 0 0 rg BT 166.43 339.40 Td (no ) Tj ET Q q 0 0 0 rg BT 177.96 339.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 203.49 339.40 Td (to ) Tj ET Q q 0 0 0 rg BT 213.02 339.40 Td (control ) Tj ET Q q 0 0 0 rg BT 241.04 339.40 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 276.69 339.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 320.70 339.40 Td (with ) Tj ET Q q 0 0 0 rg BT 339.23 339.40 Td (its ) Tj ET Q q 0 0 0 rg BT 350.26 339.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 384.27 339.40 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 425.04 339.40 Td ( ) Tj ET Q q 0 0 0 rg BT 427.57 339.40 Td (In ) Tj ET Q q 0 0 0 rg BT 437.59 339.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 471.87 339.40 Td (if ) Tj ET Q q 0 0 0 rg BT 479.90 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 493.42 339.40 Td (market ) Tj ET Q q 0 0 0 rg BT 520.94 339.40 Td (value ) Tj ET Q q 0 0 0 rg BT 542.96 339.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.98 339.40 Td (any ) Tj ET Q q 0 0 0 rg BT 568.51 339.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 328.60 Td (our ) Tj ET Q q 0 0 0 rg BT 50.02 328.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 78.54 328.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 94.06 328.60 Td (declines, ) Tj ET Q q 0 0 0 rg BT 127.82 328.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.34 328.60 Td (if ) Tj ET Q q 0 0 0 rg BT 144.86 328.60 Td (market ) Tj ET Q q 0 0 0 rg BT 171.87 328.60 Td (or ) Tj ET Q q 0 0 0 rg BT 181.39 328.60 Td (other ) Tj ET Q q 0 0 0 rg BT 201.91 328.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 238.91 328.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 278.44 328.60 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 321.18 328.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.20 328.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 360.22 328.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.24 328.60 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 410.38 328.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 435.40 328.60 Td (to ) Tj ET Q q 0 0 0 rg BT 444.42 328.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 473.44 328.60 Td (with ) Tj ET Q q 0 0 0 rg BT 491.46 328.60 Td (these ) Tj ET Q q 0 0 0 rg BT 511.97 328.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 549.98 328.60 Td (may ) Tj ET Q q 0 0 0 rg BT 567.50 328.60 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 317.80 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 72.15 317.80 Td (If ) Tj ET Q q 0 0 0 rg BT 80.06 317.80 Td (we ) Tj ET Q q 0 0 0 rg BT 92.47 317.80 Td (or ) Tj ET Q q 0 0 0 rg BT 101.88 317.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 131.79 317.80 Td (are ) Tj ET Q q 0 0 0 rg BT 144.69 317.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 170.59 317.80 Td (to ) Tj ET Q q 0 0 0 rg BT 179.51 317.80 Td (comply ) Tj ET Q q 0 0 0 rg BT 208.42 317.80 Td (with ) Tj ET Q q 0 0 0 rg BT 226.33 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.24 317.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 281.14 317.80 Td (and ) Tj ET Q q 0 0 0 rg BT 296.05 317.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 333.95 317.80 Td (in ) Tj ET Q q 0 0 0 rg BT 342.87 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 355.78 317.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 398.67 317.80 Td (governing ) Tj ET Q q 0 0 0 rg BT 437.08 317.80 Td (our ) Tj ET Q q 0 0 0 rg BT 450.99 317.80 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 499.39 317.80 Td (or ) Tj ET Q q 0 0 0 rg BT 508.80 317.80 Td (in ) Tj ET Q q 0 0 0 rg BT 517.72 317.80 Td (current ) Tj ET Q q 0 0 0 rg BT 545.11 317.80 Td (or ) Tj ET Q q 0 0 0 rg BT 554.53 317.80 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 307.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 54.40 307.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 91.30 307.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 137.44 307.00 Td (there ) Tj ET Q q 0 0 0 rg BT 158.33 307.00 Td (could ) Tj ET Q q 0 0 0 rg BT 181.23 307.00 Td (be ) Tj ET Q q 0 0 0 rg BT 192.64 307.00 Td (a ) Tj ET Q q 0 0 0 rg BT 199.54 307.00 Td (default ) Tj ET Q q 0 0 0 rg BT 227.44 307.00 Td (under ) Tj ET Q q 0 0 0 rg BT 250.84 307.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.74 307.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 287.64 307.00 Td (of ) Tj ET Q q 0 0 0 rg BT 298.05 307.00 Td (those ) Tj ET Q q 0 0 0 rg BT 319.95 307.00 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 366.09 307.00 Td (If ) Tj ET Q q 0 0 0 rg BT 374.99 307.00 Td (a ) Tj ET Q q 0 0 0 rg BT 381.90 307.00 Td (default ) Tj ET Q q 0 0 0 rg BT 409.79 307.00 Td (occurs ) Tj ET Q q 0 0 0 rg BT 436.19 307.00 Td (under ) Tj ET Q q 0 0 0 rg BT 459.59 307.00 Td (these ) Tj ET Q q 0 0 0 rg BT 480.99 307.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 527.13 307.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 556.02 307.00 Td (could ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 296.20 Td (terminate ) Tj ET Q q 0 0 0 rg BT 72.64 296.20 Td (their ) Tj ET Q q 0 0 0 rg BT 91.79 296.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 143.45 296.20 Td (to ) Tj ET Q q 0 0 0 rg BT 153.11 296.20 Td (lend ) Tj ET Q q 0 0 0 rg BT 171.26 296.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 196.92 296.20 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 235.54 296.20 Td (the ) Tj ET Q q 0 0 0 rg BT 249.19 296.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 293.85 296.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 315.51 296.20 Td (and ) Tj ET Q q 0 0 0 rg BT 331.16 296.20 Td (declare ) Tj ET Q q 0 0 0 rg BT 359.80 296.20 Td (all ) Tj ET Q q 0 0 0 rg BT 371.45 296.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 404.61 296.20 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 441.76 296.20 Td (due ) Tj ET Q q 0 0 0 rg BT 457.41 296.20 Td (and ) Tj ET Q q 0 0 0 rg BT 473.07 296.20 Td (payable. ) Tj ET Q q 0 0 0 rg BT 505.77 296.20 Td (W) Tj ET Q q 0 0 0 rg BT 513.54 296.20 Td (e ) Tj ET Q q 0 0 0 rg BT 520.20 296.20 Td (also ) Tj ET Q q 0 0 0 rg BT 537.35 296.20 Td (pledge ) Tj ET Q q 0 0 0 rg BT 564.00 296.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 285.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.68 285.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 80.36 285.40 Td (as ) Tj ET Q q 0 0 0 rg BT 90.04 285.40 Td (security ) Tj ET Q q 0 0 0 rg BT 120.70 285.40 Td (for ) Tj ET Q q 0 0 0 rg BT 133.38 285.40 Td (our ) Tj ET Q q 0 0 0 rg BT 147.56 285.40 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 198.47 285.40 Td (If ) Tj ET Q q 0 0 0 rg BT 206.65 285.40 Td (our ) Tj ET Q q 0 0 0 rg BT 220.83 285.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 248.99 285.40 Td (were ) Tj ET Q q 0 0 0 rg BT 268.66 285.40 Td (to ) Tj ET Q q 0 0 0 rg BT 277.84 285.40 Td (foreclose ) Tj ET Q q 0 0 0 rg BT 313.00 285.40 Td (on ) Tj ET Q q 0 0 0 rg BT 324.18 285.40 Td (our ) Tj ET Q q 0 0 0 rg BT 338.36 285.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 367.04 285.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 382.72 285.40 Td (in ) Tj ET Q q 0 0 0 rg BT 391.90 285.40 Td (the ) Tj ET Q q 0 0 0 rg BT 405.07 285.40 Td (event ) Tj ET Q q 0 0 0 rg BT 426.74 285.40 Td (of ) Tj ET Q q 0 0 0 rg BT 436.42 285.40 Td (a ) Tj ET Q q 0 0 0 rg BT 442.59 285.40 Td (default, ) Tj ET Q q 0 0 0 rg BT 472.01 285.40 Td (this ) Tj ET Q q 0 0 0 rg BT 487.19 285.40 Td (may ) Tj ET Q q 0 0 0 rg BT 504.87 285.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 541.53 285.40 Td (af) Tj ET Q q 0 0 0 rg BT 548.36 285.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 564.02 285.40 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 274.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 60.87 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 69.74 274.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 98.09 274.60 Td (future ) Tj ET Q q 0 0 0 rg BT 121.46 274.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 160.82 274.60 Td (or ) Tj ET Q q 0 0 0 rg BT 170.19 274.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 196.04 274.60 Td (needs ) Tj ET Q q 0 0 0 rg BT 218.41 274.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.78 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.65 274.60 Td (engage, ) Tj ET Q q 0 0 0 rg BT 266.26 274.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 294.12 274.60 Td (or ) Tj ET Q q 0 0 0 rg BT 303.49 274.60 Td (pursue ) Tj ET Q q 0 0 0 rg BT 329.35 274.60 Td (our ) Tj ET Q q 0 0 0 rg BT 343.22 274.60 Td (business ) Tj ET Q q 0 0 0 rg BT 375.60 274.60 Td (activities. ) Tj ET Q q 0 0 0 rg BT 412.21 274.60 Td (In ) Tj ET Q q 0 0 0 rg BT 421.58 274.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 455.19 274.60 Td (all ) Tj ET Q q 0 0 0 rg BT 466.06 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.43 274.60 Td (our ) Tj ET Q q 0 0 0 rg BT 489.30 274.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 506.67 274.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 549.52 274.60 Td (contain ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 263.80 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 84.44 263.80 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 126.16 263.80 Td (meaning ) Tj ET Q q 0 0 0 rg BT 159.11 263.80 Td (that ) Tj ET Q q 0 0 0 rg BT 174.57 263.80 Td (if ) Tj ET Q q 0 0 0 rg BT 182.03 263.80 Td (we ) Tj ET Q q 0 0 0 rg BT 194.49 263.80 Td (are ) Tj ET Q q 0 0 0 rg BT 207.43 263.80 Td (in ) Tj ET Q q 0 0 0 rg BT 216.40 263.80 Td (default ) Tj ET Q q 0 0 0 rg BT 243.35 263.80 Td (under ) Tj ET Q q 0 0 0 rg BT 265.80 263.80 Td (one ) Tj ET Q q 0 0 0 rg BT 280.76 263.80 Td (of ) Tj ET Q q 0 0 0 rg BT 290.22 263.80 Td (our ) Tj ET Q q 0 0 0 rg BT 304.18 263.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 321.63 263.80 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 366.83 263.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 399.29 263.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 443.25 263.80 Td (under ) Tj ET Q q 0 0 0 rg BT 465.70 263.80 Td (our ) Tj ET Q q 0 0 0 rg BT 479.66 263.80 Td (other ) Tj ET Q q 0 0 0 rg BT 500.12 263.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 517.57 263.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 560.51 263.80 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 253.00 Td (also ) Tj ET Q q 0 0 0 rg BT 53.37 253.00 Td (be ) Tj ET Q q 0 0 0 rg BT 64.74 253.00 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 108.07 253.00 Td (and ) Tj ET Q q 0 0 0 rg BT 123.94 253.00 Td (become ) Tj ET Q q 0 0 0 rg BT 154.80 253.00 Td (due ) Tj ET Q q 0 0 0 rg BT 170.67 253.00 Td (and ) Tj ET Q q 0 0 0 rg BT 186.54 253.00 Td (payable. ) Tj ET Q q 0 0 0 rg BT 219.65 253.00 Td (If ) Tj ET Q q 0 0 0 rg BT 228.52 253.00 Td (any ) Tj ET Q q 0 0 0 rg BT 244.38 253.00 Td (of ) Tj ET Q q 0 0 0 rg BT 254.76 253.00 Td (these ) Tj ET Q q 0 0 0 rg BT 276.12 253.00 Td (events ) Tj ET Q q 0 0 0 rg BT 301.99 253.00 Td (occur) Tj ET Q q 0 0 0 rg BT 321.61 253.00 Td (, ) Tj ET Q q 0 0 0 rg BT 326.74 253.00 Td (our ) Tj ET Q q 0 0 0 rg BT 341.61 253.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 365.48 253.00 Td (may ) Tj ET Q q 0 0 0 rg BT 383.85 253.00 Td (be ) Tj ET Q q 0 0 0 rg BT 395.22 253.00 Td (insuf) Tj ET Q q 0 0 0 rg BT 413.06 253.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 438.92 253.00 Td (to ) Tj ET Q q 0 0 0 rg BT 448.79 253.00 Td (repay ) Tj ET Q q 0 0 0 rg BT 471.65 253.00 Td (in ) Tj ET Q q 0 0 0 rg BT 481.53 253.00 Td (full ) Tj ET Q q 0 0 0 rg BT 496.90 253.00 Td (all ) Tj ET Q q 0 0 0 rg BT 508.77 253.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.14 253.00 Td (our ) Tj ET Q q 0 0 0 rg BT 534.01 253.00 Td (outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 242.20 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 87.15 242.20 Td (and ) Tj ET Q q 0 0 0 rg BT 102.55 242.20 Td (we ) Tj ET Q q 0 0 0 rg BT 115.46 242.20 Td (may ) Tj ET Q q 0 0 0 rg BT 133.36 242.20 Td (be ) Tj ET Q q 0 0 0 rg BT 144.26 242.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 170.66 242.20 Td (to ) Tj ET Q q 0 0 0 rg BT 180.07 242.20 Td (find ) Tj ET Q q 0 0 0 rg BT 196.98 242.20 Td (alternative ) Tj ET Q q 0 0 0 rg BT 237.37 242.20 Td (financing. ) Tj ET Q q 0 0 0 rg BT 276.01 242.20 Td (Even ) Tj ET Q q 0 0 0 rg BT 296.91 242.20 Td (if ) Tj ET Q q 0 0 0 rg BT 304.82 242.20 Td (we ) Tj ET Q q 0 0 0 rg BT 317.72 242.20 Td (could ) Tj ET Q q 0 0 0 rg BT 340.13 242.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 365.03 242.20 Td (alternative ) Tj ET Q q 0 0 0 rg BT 405.42 242.20 Td (financing, ) Tj ET Q q 0 0 0 rg BT 444.07 242.20 Td (that ) Tj ET Q q 0 0 0 rg BT 459.97 242.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 496.37 242.20 Td (might ) Tj ET Q q 0 0 0 rg BT 519.78 242.20 Td (not ) Tj ET Q q 0 0 0 rg BT 533.69 242.20 Td (be ) Tj ET Q q 0 0 0 rg BT 544.59 242.20 Td (on ) Tj ET Q q 0 0 0 rg BT 556.00 242.20 Td (terms ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 231.40 Td (that ) Tj ET Q q 0 0 0 rg BT 51.51 231.40 Td (we ) Tj ET Q q 0 0 0 rg BT 64.02 231.40 Td (find ) Tj ET Q q 0 0 0 rg BT 80.53 231.40 Td (are ) Tj ET Q q 0 0 0 rg BT 93.53 231.40 Td (favorable ) Tj ET Q q 0 0 0 rg BT 129.52 231.40 Td (or ) Tj ET Q q 0 0 0 rg BT 139.03 231.40 Td (acceptable. ) Tj ET Q q 0 0 0 rg BT 181.26 231.40 Td (Moreover) Tj ET Q q 0 0 0 rg BT 216.39 231.40 Td (, ) Tj ET Q q 0 0 0 rg BT 220.65 231.40 Td (in ) Tj ET Q q 0 0 0 rg BT 229.67 231.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 271.17 231.40 Td (with ) Tj ET Q q 0 0 0 rg BT 289.18 231.40 Td (any ) Tj ET Q q 0 0 0 rg BT 304.19 231.40 Td (further ) Tj ET Q q 0 0 0 rg BT 330.69 231.40 Td (waivers ) Tj ET Q q 0 0 0 rg BT 360.69 231.40 Td (of ) Tj ET Q q 0 0 0 rg BT 370.20 231.40 Td (or ) Tj ET Q q 0 0 0 rg BT 379.71 231.40 Td (amendments ) Tj ET Q q 0 0 0 rg BT 427.21 231.40 Td (to ) Tj ET Q q 0 0 0 rg BT 436.23 231.40 Td (our ) Tj ET Q q 0 0 0 rg BT 450.24 231.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 472.74 231.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 505.74 231.40 Td (that ) Tj ET Q q 0 0 0 rg BT 521.25 231.40 Td (we ) Tj ET Q q 0 0 0 rg BT 533.76 231.40 Td (may ) Tj ET Q q 0 0 0 rg BT 551.26 231.40 Td (obtain, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 220.60 Td (our ) Tj ET Q q 0 0 0 rg BT 50.56 220.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 79.11 220.60 Td (may ) Tj ET Q q 0 0 0 rg BT 97.17 220.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 125.73 220.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 164.29 220.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.84 220.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.39 220.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 250.44 220.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 292.99 220.60 Td (on ) Tj ET Q q 0 0 0 rg BT 304.56 220.60 Td (us ) Tj ET Q q 0 0 0 rg BT 315.12 220.60 Td (or ) Tj ET Q q 0 0 0 rg BT 325.18 220.60 Td (modify ) Tj ET Q q 0 0 0 rg BT 353.74 220.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.30 220.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 389.86 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.92 220.60 Td (our ) Tj ET Q q 0 0 0 rg BT 414.48 220.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 445.54 220.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 468.59 220.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 503.82 220.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 521.89 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 531.95 220.60 Td (these ) Tj ET Q q 0 0 0 rg BT 553.00 220.60 Td (events ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 209.80 Td (may ) Tj ET Q q 0 0 0 rg BT 53.67 209.80 Td (further ) Tj ET Q q 0 0 0 rg BT 80.34 209.80 Td (restrict ) Tj ET Q q 0 0 0 rg BT 107.51 209.80 Td (our ) Tj ET Q q 0 0 0 rg BT 121.68 209.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 146.86 209.80 Td (to ) Tj ET Q q 0 0 0 rg BT 156.04 209.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 171.22 209.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 210.64 209.80 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 251.80 209.80 Td (our ) Tj ET Q q 0 0 0 rg BT 265.97 209.80 Td (common ) Tj ET Q q 0 0 0 rg BT 299.65 209.80 Td (shares, ) Tj ET Q q 0 0 0 rg BT 326.57 209.80 Td (make ) Tj ET Q q 0 0 0 rg BT 348.24 209.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 374.41 209.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 422.57 209.80 Td (or ) Tj ET Q q 0 0 0 rg BT 432.25 209.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 452.92 209.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 491.09 209.80 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 542.01 209.80 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 199.00 Td (through ) Tj ET Q q 0 0 0 rg BT 66.17 199.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.33 199.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 111.99 199.00 Td (of ) Tj ET Q q 0 0 0 rg BT 121.66 199.00 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 164.56 199.00 Td (Please ) Tj ET Q q 0 0 0 rg BT 189.73 199.00 Td (see ) Tj ET Q q 0 0 0 rg BT 203.39 199.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 226.05 199.00 Td (5. ) Tj ET Q q 0 0 0 rg BT 234.97 199.00 Td (Operating ) Tj ET Q q 0 0 0 rg BT 273.12 199.00 Td (and ) Tj ET Q q 0 0 0 rg BT 288.29 199.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 323.95 199.00 Td (Review ) Tj ET Q q 0 0 0 rg BT 353.61 199.00 Td (and ) Tj ET Q q 0 0 0 rg BT 368.78 199.00 Td (ProspectsB. ) Tj ET Q q 0 0 0 rg BT 422.70 199.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 458.37 199.00 Td (and ) Tj ET Q q 0 0 0 rg BT 473.54 199.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 501.70 199.00 Td (Resources ) Tj ET Q q 0 0 0 rg BT 544.86 199.00 Td (for ) Tj ET Q q 0 0 0 rg BT 557.52 199.00 Td (more ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.20 Td (information ) Tj ET Q q 0 0 0 rg BT 80.74 188.20 Td (on ) Tj ET Q q 0 0 0 rg BT 91.99 188.20 Td (our ) Tj ET Q q 0 0 0 rg BT 106.24 188.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 138.99 188.20 Td (outlook ) Tj ET Q q 0 0 0 rg BT 168.74 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 183.99 188.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.72 188.20 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 258.21 188.20 Td (including ) Tj ET Q q 0 0 0 rg BT 294.45 188.20 Td (details ) Tj ET Q q 0 0 0 rg BT 320.19 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 329.94 188.20 Td (the ) Tj ET Q q 0 0 0 rg BT 343.19 188.20 Td (covenant ) Tj ET Q q 0 0 0 rg BT 377.92 188.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 425.66 188.20 Td (obtained ) Tj ET Q q 0 0 0 rg BT 458.90 188.20 Td (in ) Tj ET Q q 0 0 0 rg BT 467.65 188.20 Td (April ) Tj ET Q q 0 0 0 rg BT 488.90 188.20 Td (2016.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 160.60 Td (Failure ) Tj ET Q q 0 0 0 rg BT 65.98 160.60 Td (to ) Tj ET Q q 0 0 0 rg BT 74.95 160.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 103.42 160.60 Td (with ) Tj ET Q q 0 0 0 rg BT 121.40 160.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 160.37 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.35 160.60 Td (other ) Tj ET Q q 0 0 0 rg BT 197.82 160.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 237.81 160.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.28 160.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.27 160.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 293.24 160.60 Td (or ) Tj ET Q q 0 0 0 rg BT 303.22 160.60 Td (future ) Tj ET Q q 0 0 0 rg BT 328.20 160.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 345.67 160.60 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 392.38 160.60 Td (including ) Tj ET Q q 0 0 0 rg BT 429.87 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.34 160.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 468.32 160.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 508.80 160.60 Td (notes, ) Tj ET Q q 0 0 0 rg BT 532.52 160.60 Td (could ) Tj ET Q q 0 0 0 rg BT 555.00 160.60 Td (result ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 149.80 Td (in ) Tj ET Q q 0 0 0 rg BT 45.76 149.80 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 99.51 149.80 Td (under ) Tj ET Q q 0 0 0 rg BT 123.76 149.80 Td (our ) Tj ET Q q 0 0 0 rg BT 139.02 149.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 170.27 149.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 188.02 149.80 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 235.02 149.80 Td (which ) Tj ET Q q 0 0 0 rg BT 259.77 149.80 Td (would ) Tj ET Q q 0 0 0 rg BT 284.53 149.80 Td (have ) Tj ET Q q 0 0 0 rg BT 304.28 149.80 Td (a ) Tj ET Q q 0 0 0 rg BT 311.03 149.80 Td (material ) Tj ET Q q 0 0 0 rg BT 344.28 149.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 374.52 149.80 Td (ef) Tj ET Q q 0 0 0 rg BT 381.34 149.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 397.08 149.80 Td (on ) Tj ET Q q 0 0 0 rg BT 408.84 149.80 Td (us.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 136.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.59 136.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.69 136.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 101.78 136.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 145.36 136.00 Td (contain ) Tj ET Q q 0 0 0 rg BT 174.45 136.00 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 223.53 136.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 263.63 136.00 Td (that ) Tj ET Q q 0 0 0 rg BT 279.72 136.00 Td (may ) Tj ET Q q 0 0 0 rg BT 297.82 136.00 Td (be ) Tj ET Q q 0 0 0 rg BT 308.91 136.00 Td (triggered ) Tj ET Q q 0 0 0 rg BT 343.99 136.00 Td (if ) Tj ET Q q 0 0 0 rg BT 352.09 136.00 Td (we ) Tj ET Q q 0 0 0 rg BT 365.18 136.00 Td (default ) Tj ET Q q 0 0 0 rg BT 392.77 136.00 Td (under ) Tj ET Q q 0 0 0 rg BT 415.86 136.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.45 136.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 452.04 136.00 Td (of ) Tj ET Q q 0 0 0 rg BT 462.14 136.00 Td (our ) Tj ET Q q 0 0 0 rg BT 476.73 136.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 507.83 136.00 Td (or ) Tj ET Q q 0 0 0 rg BT 517.92 136.00 Td (future ) Tj ET Q q 0 0 0 rg BT 542.01 136.00 Td (financing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 125.20 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 81.65 125.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 107.06 125.20 Td (see ) Tj ET Q q 0 0 0 rg BT 120.96 125.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 143.87 125.20 Td (5. ) Tj ET Q q 0 0 0 rg BT 153.04 125.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 191.44 125.20 Td (and ) Tj ET Q q 0 0 0 rg BT 206.85 125.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 242.76 125.20 Td (Review ) Tj ET Q q 0 0 0 rg BT 272.67 125.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.08 125.20 Td (ProspectsB. ) Tj ET Q q 0 0 0 rg BT 342.25 125.20 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 378.16 125.20 Td (and ) Tj ET Q q 0 0 0 rg BT 393.57 125.20 Td (Capital ) Tj ET Q q 0 0 0 rg BT 421.98 125.20 Td (Resources. ) Tj ET Q q 0 0 0 rg BT 467.64 125.20 Td (In ) Tj ET Q q 0 0 0 rg BT 477.55 125.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.96 125.20 Td (event ) Tj ET Q q 0 0 0 rg BT 512.87 125.20 Td (of ) Tj ET Q q 0 0 0 rg BT 522.78 125.20 Td (a ) Tj ET Q q 0 0 0 rg BT 529.19 125.20 Td (default ) Tj ET Q q 0 0 0 rg BT 556.60 125.20 Td (by ) Tj ET Q q 0 0 0 rg BT 568.02 125.20 Td (us ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 114.40 Td (under ) Tj ET Q q 0 0 0 rg BT 59.36 114.40 Td (one ) Tj ET Q q 0 0 0 rg BT 75.22 114.40 Td (of ) Tj ET Q q 0 0 0 rg BT 85.59 114.40 Td (our ) Tj ET Q q 0 0 0 rg BT 100.45 114.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 118.81 114.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 164.91 114.40 Td (the ) Tj ET Q q 0 0 0 rg BT 178.77 114.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 207.63 114.40 Td (under ) Tj ET Q q 0 0 0 rg BT 230.99 114.40 Td (our ) Tj ET Q q 0 0 0 rg BT 245.85 114.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 277.22 114.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 295.58 114.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 339.43 114.40 Td (could ) Tj ET Q q 0 0 0 rg BT 362.29 114.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 401.14 114.40 Td (that ) Tj ET Q q 0 0 0 rg BT 417.51 114.40 Td (we ) Tj ET Q q 0 0 0 rg BT 430.87 114.40 Td (are ) Tj ET Q q 0 0 0 rg BT 444.72 114.40 Td (in ) Tj ET Q q 0 0 0 rg BT 454.59 114.40 Td (default ) Tj ET Q q 0 0 0 rg BT 482.45 114.40 Td (under ) Tj ET Q q 0 0 0 rg BT 505.80 114.40 Td (our ) Tj ET Q q 0 0 0 rg BT 520.67 114.40 Td (other ) Tj ET Q q 0 0 0 rg BT 542.03 114.40 Td (financing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 81.60 103.60 Td (This ) Tj ET Q q 0 0 0 rg BT 100.15 103.60 Td (could ) Tj ET Q q 0 0 0 rg BT 122.70 103.60 Td (result ) Tj ET Q q 0 0 0 rg BT 145.24 103.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.80 103.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.34 103.60 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 214.36 103.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.41 103.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.96 103.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 271.01 103.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.05 103.60 Td (such ) Tj ET Q q 0 0 0 rg BT 300.10 103.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 318.15 103.60 Td (under ) Tj ET Q q 0 0 0 rg BT 341.20 103.60 Td (these ) Tj ET Q q 0 0 0 rg BT 362.24 103.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 405.77 103.60 Td (and ) Tj ET Q q 0 0 0 rg BT 421.32 103.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.87 103.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 463.41 103.60 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 504.44 103.60 Td (may ) Tj ET Q q 0 0 0 rg BT 522.48 103.60 Td (foreclose ) Tj ET Q q 0 0 0 rg BT 558.02 103.60 Td (upon ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 92.80 Td (any ) Tj ET Q q 0 0 0 rg BT 51.55 92.80 Td (collateral ) Tj ET Q q 0 0 0 rg BT 87.59 92.80 Td (securing ) Tj ET Q q 0 0 0 rg BT 120.64 92.80 Td (that ) Tj ET Q q 0 0 0 rg BT 136.70 92.80 Td (debt, ) Tj ET Q q 0 0 0 rg BT 157.00 92.80 Td (including ) Tj ET Q q 0 0 0 rg BT 193.56 92.80 Td (our ) Tj ET Q q 0 0 0 rg BT 208.12 92.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 237.17 92.80 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 255.48 92.80 Td (even ) Tj ET Q q 0 0 0 rg BT 275.03 92.80 Td (if ) Tj ET Q q 0 0 0 rg BT 283.09 92.80 Td (we ) Tj ET Q q 0 0 0 rg BT 296.15 92.80 Td (were ) Tj ET Q q 0 0 0 rg BT 316.19 92.80 Td (to ) Tj ET Q q 0 0 0 rg BT 325.75 92.80 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 375.31 92.80 Td (cure ) Tj ET Q q 0 0 0 rg BT 393.35 92.80 Td (such ) Tj ET Q q 0 0 0 rg BT 412.41 92.80 Td (default. ) Tj ET Q q 0 0 0 rg BT 442.21 92.80 Td (In ) Tj ET Q q 0 0 0 rg BT 452.27 92.80 Td (the ) Tj ET Q q 0 0 0 rg BT 465.82 92.80 Td (event ) Tj ET Q q 0 0 0 rg BT 487.87 92.80 Td (of ) Tj ET Q q 0 0 0 rg BT 497.93 92.80 Td (such ) Tj ET Q q 0 0 0 rg BT 516.98 92.80 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 563.01 92.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 82.00 Td (foreclosure, ) Tj ET Q q 0 0 0 rg BT 80.28 82.00 Td (we ) Tj ET Q q 0 0 0 rg BT 92.32 82.00 Td (might ) Tj ET Q q 0 0 0 rg BT 114.87 82.00 Td (not ) Tj ET Q q 0 0 0 rg BT 127.92 82.00 Td (have ) Tj ET Q q 0 0 0 rg BT 146.46 82.00 Td (suf) Tj ET Q q 0 0 0 rg BT 157.30 82.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 181.83 82.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 203.38 82.00 Td (or ) Tj ET Q q 0 0 0 rg BT 212.43 82.00 Td (other ) Tj ET Q q 0 0 0 rg BT 232.47 82.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 255.02 82.00 Td (to ) Tj ET Q q 0 0 0 rg BT 263.57 82.00 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 288.61 82.00 Td (all ) Tj ET Q q 0 0 0 rg BT 299.16 82.00 Td (of ) Tj ET Q q 0 0 0 rg BT 308.21 82.00 Td (our ) Tj ET Q q 0 0 0 rg BT 321.75 82.00 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 365.55 82.00 Td (which ) Tj ET Q q 0 0 0 rg BT 389.09 82.00 Td (would ) Tj ET Q q 0 0 0 rg BT 413.14 82.00 Td (have ) Tj ET Q q 0 0 0 rg BT 431.68 82.00 Td (a ) Tj ET Q q 0 0 0 rg BT 437.23 82.00 Td (material ) Tj ET Q q 0 0 0 rg BT 468.26 82.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 497.29 82.00 Td (ef) Tj ET Q q 0 0 0 rg BT 504.12 82.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 519.16 82.00 Td (on ) Tj ET Q q 0 0 0 rg BT 529.71 82.00 Td (our ) Tj ET Q q 0 0 0 rg BT 543.25 82.00 Td (business, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 71.20 Td (results ) Tj ET Q q 0 0 0 rg BT 61.79 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 71.58 71.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.36 71.20 Td (and ) Tj ET Q q 0 0 0 rg BT 126.65 71.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.43 71.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 196.72 71.20 Td (and ) Tj ET Q q 0 0 0 rg BT 212.00 71.20 Td (would ) Tj ET Q q 0 0 0 rg BT 236.80 71.20 Td (significantly ) Tj ET Q q 0 0 0 rg BT 284.08 71.20 Td (reduce ) Tj ET Q q 0 0 0 rg BT 310.35 71.20 Td (our ) Tj ET Q q 0 0 0 rg BT 324.64 71.20 Td (ability) Tj ET Q q 0 0 0 rg BT 347.06 71.20 Td (, ) Tj ET Q q 0 0 0 rg BT 351.60 71.20 Td (or ) Tj ET Q q 0 0 0 rg BT 361.39 71.20 Td (make ) Tj ET Q q 0 0 0 rg BT 383.17 71.20 Td (us ) Tj ET Q q 0 0 0 rg BT 393.47 71.20 Td (unable, ) Tj ET Q q 0 0 0 rg BT 422.00 71.20 Td (to ) Tj ET Q q 0 0 0 rg BT 431.29 71.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 446.58 71.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 483.87 71.20 Td (to ) Tj ET Q q 0 0 0 rg BT 493.17 71.20 Td (our ) Tj ET Q q 0 0 0 rg BT 507.46 71.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 555.23 71.20 Td (for ) Tj ET Q q 0 0 0 rg BT 568.02 71.20 Td (so ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 60.40 Td (long ) Tj ET Q q 0 0 0 rg BT 53.82 60.40 Td (as ) Tj ET Q q 0 0 0 rg BT 63.14 60.40 Td (such ) Tj ET Q q 0 0 0 rg BT 81.46 60.40 Td (default ) Tj ET Q q 0 0 0 rg BT 108.26 60.40 Td (is ) Tj ET Q q 0 0 0 rg BT 116.09 60.40 Td (continuing. ) Tj ET Q q 0 0 0 rg BT 158.65 60.40 Td (In ) Tj ET Q q 0 0 0 rg BT 167.97 60.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 201.54 60.40 Td (we ) Tj ET Q q 0 0 0 rg BT 213.85 60.40 Td (are ) Tj ET Q q 0 0 0 rg BT 226.66 60.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 253.97 60.40 Td (to ) Tj ET Q q 0 0 0 rg BT 262.79 60.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.09 60.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.40 60.40 Td (and ) Tj ET Q q 0 0 0 rg BT 337.21 60.40 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 375.01 60.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 412.82 60.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 449.63 60.40 Td (in ) Tj ET Q q 0 0 0 rg BT 458.45 60.40 Td (the ) Tj ET Q q 0 0 0 rg BT 471.26 60.40 Td (indenture ) Tj ET Q q 0 0 0 rg BT 507.07 60.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 536.38 60.40 Td (to ) Tj ET Q q 0 0 0 rg BT 545.20 60.40 Td (the ) Tj ET Q q 0 0 0 rg BT 558.01 60.40 Td ($600 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 49.60 Td (Million ) Tj ET Q q 0 0 0 rg BT 64.94 49.60 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 90.13 49.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 115.56 49.60 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 155.98 49.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 178.91 49.60 Td (due ) Tj ET Q q 0 0 0 rg BT 193.85 49.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 216.03 49.60 Td (or ) Tj ET Q q 0 0 0 rg BT 225.47 49.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.40 49.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 263.83 49.60 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 304.25 49.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 329.44 49.60 Td (which, ) Tj ET Q q 0 0 0 rg BT 355.62 49.60 Td (among ) Tj ET Q q 0 0 0 rg BT 382.05 49.60 Td (other ) Tj ET Q q 0 0 0 rg BT 402.48 49.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 428.67 49.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 455.60 49.60 Td (our ) Tj ET Q q 0 0 0 rg BT 469.53 49.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 494.46 49.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.40 49.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 518.33 49.60 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 557.52 49.60 Td (incur ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 38.80 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 86.52 38.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 106.80 38.80 Td (liens, ) Tj ET Q q 0 0 0 rg BT 127.83 38.80 Td (and ) Tj ET Q q 0 0 0 rg BT 142.61 38.80 Td (make ) Tj ET Q q 0 0 0 rg BT 163.89 38.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 190.15 38.80 Td (investments. ) Tj ET Q q 0 0 0 rg BT 237.18 38.80 Td (In ) Tj ET Q q 0 0 0 rg BT 246.46 38.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 279.99 38.80 Td (the ) Tj ET Q q 0 0 0 rg BT 292.77 38.80 Td (indenture ) Tj ET Q q 0 0 0 rg BT 328.54 38.80 Td (governing ) Tj ET Q q 0 0 0 rg BT 366.82 38.80 Td (the ) Tj ET Q q 0 0 0 rg BT 379.60 38.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 403.38 38.80 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 441.65 38.80 Td (notes ) Tj ET Q q 0 0 0 rg BT 462.43 38.80 Td (contains ) Tj ET Q q 0 0 0 rg BT 494.20 38.80 Td (other ) Tj ET Q q 0 0 0 rg BT 514.48 38.80 Td (customary ) Tj ET Q q 0 0 0 rg BT 553.75 38.80 Td (terms, ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (including ) Tj ET Q q 0 0 0 rg BT 72.86 749.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 100.21 749.80 Td (events ) Tj ET Q q 0 0 0 rg BT 126.07 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 136.43 749.80 Td (default, ) Tj ET Q q 0 0 0 rg BT 166.54 749.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 187.40 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.26 749.80 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 243.60 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 253.96 749.80 Td (which, ) Tj ET Q q 0 0 0 rg BT 281.07 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 294.93 749.80 Td (notes ) Tj ET Q q 0 0 0 rg BT 316.80 749.80 Td (may ) Tj ET Q q 0 0 0 rg BT 335.16 749.80 Td (be ) Tj ET Q q 0 0 0 rg BT 346.52 749.80 Td (declared ) Tj ET Q q 0 0 0 rg BT 379.86 749.80 Td (immediately ) Tj ET Q q 0 0 0 rg BT 427.71 749.80 Td (due ) Tj ET Q q 0 0 0 rg BT 443.57 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 459.44 749.80 Td (payable. ) Tj ET Q q 0 0 0 rg BT 492.54 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 494.77 749.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 539.68 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 544.80 749.80 Td (we ) Tj ET Q q 0 0 0 rg BT 558.16 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 572.01 749.80 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 75.37 739.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 118.25 739.00 Td (under ) Tj ET Q q 0 0 0 rg BT 140.64 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 153.52 739.00 Td (indentures ) Tj ET Q q 0 0 0 rg BT 192.91 739.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 222.29 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 231.18 739.00 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 261.67 739.00 Td (s ) Tj ET Q q 0 0 0 rg BT 267.07 739.00 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 293.71 739.00 Td (million ) Tj ET Q q 0 0 0 rg BT 321.60 739.00 Td (5) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 326.10 743.08 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.49 739.00 Td (/) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 332.99 737.71 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.92 739.00 Td (% ) Tj ET Q q 0 0 0 rg BT 345.30 739.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 370.69 739.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 393.58 739.00 Td (due ) Tj ET Q q 0 0 0 rg BT 408.47 739.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 428.36 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 443.25 739.00 Td ($500 ) Tj ET Q q 0 0 0 rg BT 463.14 739.00 Td (million ) Tj ET Q q 0 0 0 rg BT 491.04 739.00 Td (6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 495.54 743.08 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.92 739.00 Td (/) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 502.42 737.71 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.35 739.00 Td (% ) Tj ET Q q 0 0 0 rg BT 514.74 739.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 540.13 739.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 563.02 739.00 Td (due ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (2020. ) Tj ET Q q 0 0 0 rg BT 58.38 728.20 Td (While ) Tj ET Q q 0 0 0 rg BT 82.67 728.20 Td (we ) Tj ET Q q 0 0 0 rg BT 95.46 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 108.75 728.20 Td (not ) Tj ET Q q 0 0 0 rg BT 122.55 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 128.84 728.20 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 165.62 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 175.42 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 728.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 210.01 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 219.80 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 226.10 728.20 Td (party ) Tj ET Q q 0 0 0 rg BT 246.89 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 256.18 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.48 728.20 Td (indentures ) Tj ET Q q 0 0 0 rg BT 309.27 728.20 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 338.80 728.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 369.09 728.20 Td (has ) Tj ET Q q 0 0 0 rg BT 383.39 728.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 409.67 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 418.97 728.20 Td (cause ) Tj ET Q q 0 0 0 rg BT 441.25 728.20 Td (us ) Tj ET Q q 0 0 0 rg BT 451.55 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 460.85 728.20 Td (comport ) Tj ET Q q 0 0 0 rg BT 493.14 728.20 Td (with ) Tj ET Q q 0 0 0 rg BT 511.44 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 524.73 728.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 567.02 728.20 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 75.99 717.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 125.00 717.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 162.51 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 172.02 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.54 717.40 Td (indentures. ) Tj ET Q q 0 0 0 rg BT 227.24 717.40 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 271.64 717.40 Td (, ) Tj ET Q q 0 0 0 rg BT 276.41 717.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 306.92 717.40 Td (may ) Tj ET Q q 0 0 0 rg BT 324.93 717.40 Td (use ) Tj ET Q q 0 0 0 rg BT 339.45 717.40 Td (its ) Tj ET Q q 0 0 0 rg BT 350.47 717.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 386.47 717.40 Td (over ) Tj ET Q q 0 0 0 rg BT 404.98 717.40 Td (us ) Tj ET Q q 0 0 0 rg BT 415.50 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 425.02 717.40 Td (restrict ) Tj ET Q q 0 0 0 rg BT 452.52 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 467.04 717.40 Td (ability) Tj ET Q q 0 0 0 rg BT 489.45 717.40 Td (, ) Tj ET Q q 0 0 0 rg BT 494.22 717.40 Td (among ) Tj ET Q q 0 0 0 rg BT 521.23 717.40 Td (other ) Tj ET Q q 0 0 0 rg BT 542.24 717.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 569.02 717.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 56.14 706.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.77 706.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 113.16 706.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 127.80 706.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 164.44 706.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.58 706.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 193.22 706.60 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 235.60 706.60 Td (if ) Tj ET Q q 0 0 0 rg BT 242.74 706.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 272.37 706.60 Td (is ) Tj ET Q q 0 0 0 rg BT 280.02 706.60 Td (required ) Tj ET Q q 0 0 0 rg BT 311.65 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 320.29 706.60 Td (do ) Tj ET Q q 0 0 0 rg BT 330.93 706.60 Td (so ) Tj ET Q q 0 0 0 rg BT 340.58 706.60 Td (under ) Tj ET Q q 0 0 0 rg BT 362.72 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.35 706.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 396.99 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.13 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.77 706.60 Td (indentures ) Tj ET Q q 0 0 0 rg BT 457.91 706.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.04 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.68 706.60 Td (notes. ) Tj ET Q q 0 0 0 rg BT 505.45 706.60 Td (W) Tj ET Q q 0 0 0 rg BT 513.23 706.60 Td (e ) Tj ET Q q 0 0 0 rg BT 518.87 706.60 Td (also ) Tj ET Q q 0 0 0 rg BT 535.01 706.60 Td (consolidate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (SFL) Tj ET Q q 0 0 0 rg BT 51.17 695.80 Td ( ) Tj ET Q q 0 0 0 rg BT 53.47 695.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 76.26 695.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 93.30 695.80 Td (into ) Tj ET Q q 0 0 0 rg BT 109.59 695.80 Td (our ) Tj ET Q q 0 0 0 rg BT 123.88 695.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.66 695.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 197.94 695.80 Td (as ) Tj ET Q q 0 0 0 rg BT 207.73 695.80 Td (a ) Tj ET Q q 0 0 0 rg BT 214.01 695.80 Td (variable ) Tj ET Q q 0 0 0 rg BT 245.29 695.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.07 695.80 Td (entity) Tj ET Q q 0 0 0 rg BT 293.98 695.80 Td (, ) Tj ET Q q 0 0 0 rg BT 298.52 695.80 Td (or ) Tj ET Q q 0 0 0 rg BT 308.15 695.80 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 327.68 695.80 Td (SFL) Tj ET Q q 0 0 0 rg BT 342.86 695.80 Td ( ) Tj ET Q q 0 0 0 rg BT 345.15 695.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 367.94 695.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 384.98 695.80 Td (is ) Tj ET Q q 0 0 0 rg BT 393.28 695.80 Td (a ) Tj ET Q q 0 0 0 rg BT 399.56 695.80 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 438.85 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 448.64 695.80 Td (Ship ) Tj ET Q q 0 0 0 rg BT 467.44 695.80 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 500.47 695.80 Td (which ) Tj ET Q q 0 0 0 rg BT 524.76 695.80 Td (owns ) Tj ET Q q 0 0 0 rg BT 546.05 695.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.34 695.80 Td (W) Tj ET Q q 0 0 0 rg BT 566.01 695.80 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.01 685.00 Td (. ) Tj ET Q q 0 0 0 rg BT 60.47 685.00 Td (T) Tj ET Q q 0 0 0 rg BT 65.33 685.00 Td (o ) Tj ET Q q 0 0 0 rg BT 72.21 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.59 685.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 109.96 685.00 Td (that ) Tj ET Q q 0 0 0 rg BT 125.84 685.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 141.01 685.00 Td ( ) Tj ET Q q 0 0 0 rg BT 143.39 685.00 Td (Linus ) Tj ET Q q 0 0 0 rg BT 166.27 685.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 183.40 685.00 Td (defaults ) Tj ET Q q 0 0 0 rg BT 214.27 685.00 Td (under ) Tj ET Q q 0 0 0 rg BT 237.14 685.00 Td (its ) Tj ET Q q 0 0 0 rg BT 248.02 685.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 296.89 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.27 685.00 Td (is ) Tj ET Q q 0 0 0 rg BT 320.65 685.00 Td (marked ) Tj ET Q q 0 0 0 rg BT 350.02 685.00 Td (current ) Tj ET Q q 0 0 0 rg BT 377.88 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 387.26 685.00 Td (its ) Tj ET Q q 0 0 0 rg BT 398.14 685.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.01 685.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 474.63 685.00 Td (we ) Tj ET Q q 0 0 0 rg BT 487.50 685.00 Td (would ) Tj ET Q q 0 0 0 rg BT 512.38 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 521.76 685.00 Td (turn ) Tj ET Q q 0 0 0 rg BT 538.64 685.00 Td (mark ) Tj ET Q q 0 0 0 rg BT 559.51 685.00 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 83.76 674.20 Td (current ) Tj ET Q q 0 0 0 rg BT 110.50 674.20 Td (in ) Tj ET Q q 0 0 0 rg BT 118.77 674.20 Td (our ) Tj ET Q q 0 0 0 rg BT 132.03 674.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.79 674.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.54 674.20 Td (statements. ) Tj ET Q q 0 0 0 rg BT 252.95 674.20 Td (The ) Tj ET Q q 0 0 0 rg BT 268.21 674.20 Td (characterization ) Tj ET Q q 0 0 0 rg BT 326.93 674.20 Td (of ) Tj ET Q q 0 0 0 rg BT 335.69 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 347.96 674.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 395.71 674.20 Td (in ) Tj ET Q q 0 0 0 rg BT 403.98 674.20 Td (our ) Tj ET Q q 0 0 0 rg BT 417.24 674.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.99 674.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 489.24 674.20 Td (as ) Tj ET Q q 0 0 0 rg BT 498.01 674.20 Td (current ) Tj ET Q q 0 0 0 rg BT 524.76 674.20 Td (may ) Tj ET Q q 0 0 0 rg BT 541.52 674.20 Td (adversely ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 663.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 62.53 663.40 Td (our ) Tj ET Q q 0 0 0 rg BT 76.57 663.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 120.09 663.40 Td (with ) Tj ET Q q 0 0 0 rg BT 138.13 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.16 663.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 189.19 663.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 226.22 663.40 Td (in ) Tj ET Q q 0 0 0 rg BT 235.26 663.40 Td (our ) Tj ET Q q 0 0 0 rg BT 249.29 663.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 279.83 663.40 Td (and ) Tj ET Q q 0 0 0 rg BT 294.87 663.40 Td (future ) Tj ET Q q 0 0 0 rg BT 318.40 663.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 335.93 663.40 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 381.20 663.40 Td ( ) Tj ET Q q 0 0 0 rg BT 383.24 663.40 Td (In ) Tj ET Q q 0 0 0 rg BT 392.78 663.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 426.56 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 439.60 663.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 473.12 663.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 511.15 663.40 Td (in ) Tj ET Q q 0 0 0 rg BT 520.19 663.40 Td (our ) Tj ET Q q 0 0 0 rg BT 534.23 663.40 Td (NOK ) Tj ET Q q 0 0 0 rg BT 555.76 663.40 Td (1,500 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 652.60 Td (Million ) Tj ET Q q 0 0 0 rg BT 65.20 652.60 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 105.88 652.60 Td (Bond ) Tj ET Q q 0 0 0 rg BT 127.58 652.60 Td (due ) Tj ET Q q 0 0 0 rg BT 142.77 652.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 165.22 652.60 Td (our ) Tj ET Q q 0 0 0 rg BT 179.41 652.60 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 206.36 652.60 Td (Million ) Tj ET Q q 0 0 0 rg BT 235.56 652.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 261.25 652.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 292.43 652.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 317.13 652.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 346.82 652.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.01 652.60 Td (our ) Tj ET Q q 0 0 0 rg BT 376.20 652.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 393.89 652.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.08 652.60 Td (Leaseback ) Tj ET Q q 0 0 0 rg BT 448.77 652.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 490.95 652.60 Td (with ) Tj ET Q q 0 0 0 rg BT 509.14 652.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 527.85 652.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 558.53 652.60 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 641.80 Td (recently ) Tj ET Q q 0 0 0 rg BT 67.34 641.80 Td (amended ) Tj ET Q q 0 0 0 rg BT 102.17 641.80 Td (to ) Tj ET Q q 0 0 0 rg BT 111.53 641.80 Td (replace ) Tj ET Q q 0 0 0 rg BT 139.86 641.80 Td (our ) Tj ET Q q 0 0 0 rg BT 154.21 641.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 200.55 641.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.38 641.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 272.72 641.80 Td (by ) Tj ET Q q 0 0 0 rg BT 284.08 641.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.42 641.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 330.27 641.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.10 641.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 402.44 641.80 Td (of ) Tj ET Q q 0 0 0 rg BT 412.29 641.80 Td (our ) Tj ET Q q 0 0 0 rg BT 426.64 641.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 459.49 641.80 Td (shareholder) Tj ET Q q 0 0 0 rg BT 501.11 641.80 Td (, ) Tj ET Q q 0 0 0 rg BT 505.72 641.80 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 538.31 641.80 Td (and ) Tj ET Q q 0 0 0 rg BT 553.66 641.80 Td (to ) Tj ET Q q 0 0 0 rg BT 563.01 641.80 Td (add ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 631.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 65.61 631.00 Td (as ) Tj ET Q q 0 0 0 rg BT 74.72 631.00 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 110.82 631.00 Td (of ) Tj ET Q q 0 0 0 rg BT 119.93 631.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.54 631.00 Td (debt. ) Tj ET Q q 0 0 0 rg BT 151.89 631.00 Td ( ) Tj ET Q q 0 0 0 rg BT 153.51 631.00 Td (If ) Tj ET Q q 0 0 0 rg BT 161.12 631.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 190.72 631.00 Td (were ) Tj ET Q q 0 0 0 rg BT 209.82 631.00 Td (to ) Tj ET Q q 0 0 0 rg BT 218.44 631.00 Td (fail ) Tj ET Q q 0 0 0 rg BT 232.04 631.00 Td (to ) Tj ET Q q 0 0 0 rg BT 240.66 631.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 269.27 631.00 Td (with ) Tj ET Q q 0 0 0 rg BT 286.88 631.00 Td (such ) Tj ET Q q 0 0 0 rg BT 304.99 631.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.09 631.00 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 377.94 631.00 Td (there ) Tj ET Q q 0 0 0 rg BT 397.54 631.00 Td (could ) Tj ET Q q 0 0 0 rg BT 419.15 631.00 Td (be ) Tj ET Q q 0 0 0 rg BT 429.26 631.00 Td (a ) Tj ET Q q 0 0 0 rg BT 434.86 631.00 Td (default ) Tj ET Q q 0 0 0 rg BT 461.47 631.00 Td (under ) Tj ET Q q 0 0 0 rg BT 483.57 631.00 Td (our ) Tj ET Q q 0 0 0 rg BT 497.18 631.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 532.78 631.00 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 578.26 631.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 620.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 620.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 620.20 Td (have ) Tj ET Q q 0 0 0 rg BT 69.26 620.20 Td (no ) Tj ET Q q 0 0 0 rg BT 80.51 620.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 105.75 620.20 Td (to ) Tj ET Q q 0 0 0 rg BT 115.00 620.20 Td (control ) Tj ET Q q 0 0 0 rg BT 142.75 620.20 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 178.11 620.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 221.84 620.20 Td (with ) Tj ET Q q 0 0 0 rg BT 240.10 620.20 Td (its ) Tj ET Q q 0 0 0 rg BT 250.85 620.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.58 620.20 Td (covenants.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 592.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 592.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.36 592.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 85.40 592.60 Td (derive ) Tj ET Q q 0 0 0 rg BT 109.92 592.60 Td (all ) Tj ET Q q 0 0 0 rg BT 121.46 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.99 592.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.03 592.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 177.56 592.60 Td (from ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 197.59 592.60 Td (four) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 213.60 592.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.63 592.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 257.42 592.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.46 592.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.99 592.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 303.03 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 312.57 592.60 Td (any ) Tj ET Q q 0 0 0 rg BT 328.10 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.63 592.60 Td (these ) Tj ET Q q 0 0 0 rg BT 358.66 592.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 398.20 592.60 Td (could ) Tj ET Q q 0 0 0 rg BT 420.74 592.60 Td (result ) Tj ET Q q 0 0 0 rg BT 443.78 592.60 Td (in ) Tj ET Q q 0 0 0 rg BT 453.32 592.60 Td (a ) Tj ET Q q 0 0 0 rg BT 459.85 592.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 501.39 592.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 517.43 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.97 592.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 561.99 592.60 Td (and ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 581.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 55.25 581.80 Td (flow) Tj ET Q q 0 0 0 rg BT 70.92 581.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 568.00 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 568.00 Td (e ) Tj ET Q q 0 0 0 rg BT 49.96 568.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 84.63 568.00 Td (derive ) Tj ET Q q 0 0 0 rg BT 109.31 568.00 Td (all ) Tj ET Q q 0 0 0 rg BT 120.50 568.00 Td (of ) Tj ET Q q 0 0 0 rg BT 130.19 568.00 Td (our ) Tj ET Q q 0 0 0 rg BT 144.38 568.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 178.55 568.00 Td (and ) Tj ET Q q 0 0 0 rg BT 193.73 568.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.92 568.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 230.61 568.00 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.29 568.00 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.29 568.00 Td ( ) Tj ET Q q 0 0 0 rg BT 267.48 568.00 Td (customers. ) Tj ET Q q 0 0 0 rg BT 307.93 568.00 Td (Among ) Tj ET Q q 0 0 0 rg BT 337.12 568.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.30 568.00 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.30 568.00 Td ( ) Tj ET Q q 0 0 0 rg BT 368.49 568.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 407.17 568.00 Td (for ) Tj ET Q q 0 0 0 rg BT 419.86 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 433.04 568.00 Td (year ) Tj ET Q q 0 0 0 rg BT 450.72 568.00 Td (ending ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.41 568.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 530.07 568.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.07 568.00 Td (, ) Tj ET Q q 0 0 0 rg BT 552.51 568.00 Td (Statoil ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 75.02 557.20 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.05 557.20 Td (44%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.54 557.20 Td (, ) Tj ET Q q 0 0 0 rg BT 109.33 557.20 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 157.37 557.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 196.38 557.20 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.41 557.20 Td (25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.91 557.20 Td (, ) Tj ET Q q 0 0 0 rg BT 230.70 557.20 Td (Conoco ) Tj ET Q q 0 0 0 rg BT 261.23 557.20 Td (Phillips ) Tj ET Q q 0 0 0 rg BT 291.28 557.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 330.29 557.20 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.32 557.20 Td (18%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.82 557.20 Td ( ) Tj ET Q q 0 0 0 rg BT 362.36 557.20 Td (and ) Tj ET Q q 0 0 0 rg BT 377.71 557.20 Td (T) Tj ET Q q 0 0 0 rg BT 382.58 557.20 Td (otal ) Tj ET Q q 0 0 0 rg BT 398.61 557.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 437.62 557.20 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.65 557.20 Td (13%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.15 557.20 Td ( ) Tj ET Q q 0 0 0 rg BT 469.69 557.20 Td (of ) Tj ET Q q 0 0 0 rg BT 479.72 557.20 Td (our ) Tj ET Q q 0 0 0 rg BT 494.26 557.20 Td (total ) Tj ET Q q 0 0 0 rg BT 512.79 557.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 549.00 557.20 Td (Among ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 546.40 Td (our ) Tj ET Q q 0 0 0 rg BT 50.33 546.40 Td (six ) Tj ET Q q 0 0 0 rg BT 63.16 546.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 101.99 546.40 Td (for ) Tj ET Q q 0 0 0 rg BT 114.81 546.40 Td (the ) Tj ET Q q 0 0 0 rg BT 128.14 546.40 Td (year ) Tj ET Q q 0 0 0 rg BT 145.96 546.40 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.78 546.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 222.58 546.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.58 546.40 Td (, ) Tj ET Q q 0 0 0 rg BT 245.17 546.40 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 271.00 546.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 309.81 546.40 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.64 546.40 Td (38%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.13 546.40 Td (, ) Tj ET Q q 0 0 0 rg BT 343.71 546.40 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 391.55 546.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 430.36 546.40 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.18 546.40 Td (13%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.68 546.40 Td (, ) Tj ET Q q 0 0 0 rg BT 464.26 546.40 Td (Shell ) Tj ET Q q 0 0 0 rg BT 485.09 546.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 523.91 546.40 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.73 546.40 Td (12%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.23 546.40 Td (, ) Tj ET Q q 0 0 0 rg BT 557.64 546.40 Td (T) Tj ET Q q 0 0 0 rg BT 562.51 546.40 Td (otal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 535.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 75.06 535.60 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.13 535.60 Td (12%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.63 535.60 Td (, ) Tj ET Q q 0 0 0 rg BT 109.46 535.60 Td (KMNG ) Tj ET Q q 0 0 0 rg BT 139.54 535.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 178.59 535.60 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.67 535.60 Td (1) Tj ET Q q 0 0 0 rg BT 195.83 535.60 Td (1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.83 535.60 Td (, ) Tj ET Q q 0 0 0 rg BT 212.66 535.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.23 535.60 Td (Conoco ) Tj ET Q q 0 0 0 rg BT 258.81 535.60 Td (Phillips ) Tj ET Q q 0 0 0 rg BT 288.90 535.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 327.95 535.60 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.03 535.60 Td (8%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.02 535.60 Td ( ) Tj ET Q q 0 0 0 rg BT 355.60 535.60 Td (of ) Tj ET Q q 0 0 0 rg BT 365.68 535.60 Td (our ) Tj ET Q q 0 0 0 rg BT 380.25 535.60 Td (total ) Tj ET Q q 0 0 0 rg BT 398.83 535.60 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 435.07 535.60 Td (All ) Tj ET Q q 0 0 0 rg BT 449.15 535.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.23 535.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.80 535.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 502.88 535.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 537.94 535.60 Td (have ) Tj ET Q q 0 0 0 rg BT 557.51 535.60 Td (fixed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 524.80 Td (terms, ) Tj ET Q q 0 0 0 rg BT 61.04 524.80 Td (but ) Tj ET Q q 0 0 0 rg BT 75.34 524.80 Td (may ) Tj ET Q q 0 0 0 rg BT 93.64 524.80 Td (be ) Tj ET Q q 0 0 0 rg BT 104.93 524.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 146.21 524.80 Td (early ) Tj ET Q q 0 0 0 rg BT 167.00 524.80 Td (due ) Tj ET Q q 0 0 0 rg BT 182.79 524.80 Td (to ) Tj ET Q q 0 0 0 rg BT 192.59 524.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 219.87 524.80 Td (events ) Tj ET Q q 0 0 0 rg BT 245.66 524.80 Td (or ) Tj ET Q q 0 0 0 rg BT 255.95 524.80 Td (we ) Tj ET Q q 0 0 0 rg BT 269.25 524.80 Td (may ) Tj ET Q q 0 0 0 rg BT 287.54 524.80 Td (be ) Tj ET Q q 0 0 0 rg BT 298.83 524.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 325.62 524.80 Td (to ) Tj ET Q q 0 0 0 rg BT 335.42 524.80 Td (realize ) Tj ET Q q 0 0 0 rg BT 362.19 524.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 393.47 524.80 Td (under ) Tj ET Q q 0 0 0 rg BT 416.76 524.80 Td (such ) Tj ET Q q 0 0 0 rg BT 436.06 524.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 471.34 524.80 Td (in ) Tj ET Q q 0 0 0 rg BT 481.14 524.80 Td (the ) Tj ET Q q 0 0 0 rg BT 494.93 524.80 Td (event ) Tj ET Q q 0 0 0 rg BT 517.22 524.80 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 524.80 Td (unanticipated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.00 Td (developments, ) Tj ET Q q 0 0 0 rg BT 90.06 514.00 Td (such ) Tj ET Q q 0 0 0 rg BT 108.39 514.00 Td (as ) Tj ET Q q 0 0 0 rg BT 117.71 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.53 514.00 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 178.34 514.00 Td (in ) Tj ET Q q 0 0 0 rg BT 187.16 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 199.99 514.00 Td (general ) Tj ET Q q 0 0 0 rg BT 228.29 514.00 Td (business ) Tj ET Q q 0 0 0 rg BT 260.62 514.00 Td (or ) Tj ET Q q 0 0 0 rg BT 269.95 514.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.25 514.00 Td (condition ) Tj ET Q q 0 0 0 rg BT 339.08 514.00 Td (of ) Tj ET Q q 0 0 0 rg BT 348.40 514.00 Td (a ) Tj ET Q q 0 0 0 rg BT 354.22 514.00 Td (customer) Tj ET Q q 0 0 0 rg BT 386.85 514.00 Td (, ) Tj ET Q q 0 0 0 rg BT 390.93 514.00 Td (resulting ) Tj ET Q q 0 0 0 rg BT 424.25 514.00 Td (in ) Tj ET Q q 0 0 0 rg BT 433.07 514.00 Td (its ) Tj ET Q q 0 0 0 rg BT 443.40 514.00 Td (inability ) Tj ET Q q 0 0 0 rg BT 475.23 514.00 Td (to ) Tj ET Q q 0 0 0 rg BT 484.05 514.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 503.37 514.00 Td (its ) Tj ET Q q 0 0 0 rg BT 513.70 514.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 555.52 514.00 Td (under ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 503.20 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 503.20 Td (contracts.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 475.60 Td (If ) Tj ET Q q 0 0 0 rg BT 44.25 475.60 Td (any ) Tj ET Q q 0 0 0 rg BT 59.50 475.60 Td (of ) Tj ET Q q 0 0 0 rg BT 69.26 475.60 Td (our ) Tj ET Q q 0 0 0 rg BT 83.51 475.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 112.27 475.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 147.01 475.60 Td (are ) Tj ET Q q 0 0 0 rg BT 160.26 475.60 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 203.25 475.60 Td (we ) Tj ET Q q 0 0 0 rg BT 216.00 475.60 Td (may ) Tj ET Q q 0 0 0 rg BT 233.75 475.60 Td (be ) Tj ET Q q 0 0 0 rg BT 244.51 475.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 270.75 475.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.01 475.60 Td (re-deploy ) Tj ET Q q 0 0 0 rg BT 316.75 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.01 475.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 358.76 475.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 371.02 475.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 398.77 475.60 Td (to ) Tj ET Q q 0 0 0 rg BT 408.03 475.60 Td (such ) Tj ET Q q 0 0 0 rg BT 426.78 475.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 467.52 475.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 498.76 475.60 Td (on ) Tj ET Q q 0 0 0 rg BT 510.02 475.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 532.27 475.60 Td (as ) Tj ET Q q 0 0 0 rg BT 542.03 475.60 Td (favorable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.22 464.80 Td (us ) Tj ET Q q 0 0 0 rg BT 55.44 464.80 Td (as ) Tj ET Q q 0 0 0 rg BT 65.16 464.80 Td (our ) Tj ET Q q 0 0 0 rg BT 79.38 464.80 Td (current ) Tj ET Q q 0 0 0 rg BT 107.08 464.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 135.80 464.80 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 172.60 464.80 Td (This ) Tj ET Q q 0 0 0 rg BT 190.82 464.80 Td (may ) Tj ET Q q 0 0 0 rg BT 208.53 464.80 Td (cause ) Tj ET Q q 0 0 0 rg BT 230.74 464.80 Td (us ) Tj ET Q q 0 0 0 rg BT 240.96 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 250.18 464.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 278.38 464.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 316.07 464.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 350.27 464.80 Td (and ) Tj ET Q q 0 0 0 rg BT 365.49 464.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.70 464.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 405.92 464.80 Td (than ) Tj ET Q q 0 0 0 rg BT 423.64 464.80 Td (we ) Tj ET Q q 0 0 0 rg BT 436.35 464.80 Td (would ) Tj ET Q q 0 0 0 rg BT 461.07 464.80 Td (have ) Tj ET Q q 0 0 0 rg BT 480.28 464.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 517.49 464.80 Td (earned. ) Tj ET Q q 0 0 0 rg BT 545.78 464.80 Td (The ) Tj ET Q q 0 0 0 rg BT 561.99 464.80 Td (loss ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 454.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.56 454.00 Td (any ) Tj ET Q q 0 0 0 rg BT 60.62 454.00 Td (customers, ) Tj ET Q q 0 0 0 rg BT 101.43 454.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 129.99 454.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 164.54 454.00 Td (or ) Tj ET Q q 0 0 0 rg BT 174.10 454.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 202.66 454.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 220.48 454.00 Td (or ) Tj ET Q q 0 0 0 rg BT 230.04 454.00 Td (a ) Tj ET Q q 0 0 0 rg BT 236.10 454.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 264.15 454.00 Td (in ) Tj ET Q q 0 0 0 rg BT 273.21 454.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 309.77 454.00 Td (under ) Tj ET Q q 0 0 0 rg BT 332.33 454.00 Td (any ) Tj ET Q q 0 0 0 rg BT 347.39 454.00 Td (of ) Tj ET Q q 0 0 0 rg BT 356.95 454.00 Td (our ) Tj ET Q q 0 0 0 rg BT 371.01 454.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 399.57 454.00 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 436.37 454.00 Td (could ) Tj ET Q q 0 0 0 rg BT 458.43 454.00 Td (have ) Tj ET Q q 0 0 0 rg BT 477.48 454.00 Td (a ) Tj ET Q q 0 0 0 rg BT 483.54 454.00 Td (material ) Tj ET Q q 0 0 0 rg BT 515.09 454.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 544.64 454.00 Td (ef) Tj ET Q q 0 0 0 rg BT 551.47 454.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 567.02 454.00 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.20 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 443.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 85.25 443.20 Td (results ) Tj ET Q q 0 0 0 rg BT 111.00 443.20 Td (of ) Tj ET Q q 0 0 0 rg BT 120.74 443.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 162.73 443.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.47 443.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 232.71 443.20 Td (and ) Tj ET Q q 0 0 0 rg BT 247.96 443.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 273.20 443.20 Td (to ) Tj ET Q q 0 0 0 rg BT 282.45 443.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 297.70 443.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 334.95 443.20 Td (to ) Tj ET Q q 0 0 0 rg BT 344.20 443.20 Td (our ) Tj ET Q q 0 0 0 rg BT 358.44 443.20 Td (shareholders.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 415.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.90 415.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 80.06 415.60 Td (our ) Tj ET Q q 0 0 0 rg BT 94.46 415.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 123.36 415.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 158.25 415.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 186.15 415.60 Td (us ) Tj ET Q q 0 0 0 rg BT 196.56 415.60 Td (to ) Tj ET Q q 0 0 0 rg BT 205.97 415.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 253.85 415.60 Td (risks. ) Tj ET Q q 0 0 0 rg BT 275.34 415.60 Td (The ) Tj ET Q q 0 0 0 rg BT 291.74 415.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 317.14 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.04 415.60 Td (each ) Tj ET Q q 0 0 0 rg BT 345.93 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.84 415.60 Td (our ) Tj ET Q q 0 0 0 rg BT 370.24 415.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 423.62 415.60 Td (to ) Tj ET Q q 0 0 0 rg BT 433.03 415.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 464.42 415.60 Td (its ) Tj ET Q q 0 0 0 rg BT 475.33 415.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 517.74 415.60 Td (under ) Tj ET Q q 0 0 0 rg BT 540.64 415.60 Td (a ) Tj ET Q q 0 0 0 rg BT 547.04 415.60 Td (contract ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 404.80 Td (with ) Tj ET Q q 0 0 0 rg BT 53.85 404.80 Td (us ) Tj ET Q q 0 0 0 rg BT 63.70 404.80 Td (will ) Tj ET Q q 0 0 0 rg BT 79.55 404.80 Td (depend ) Tj ET Q q 0 0 0 rg BT 107.39 404.80 Td (on ) Tj ET Q q 0 0 0 rg BT 118.24 404.80 Td (a ) Tj ET Q q 0 0 0 rg BT 124.09 404.80 Td (number ) Tj ET Q q 0 0 0 rg BT 153.43 404.80 Td (of ) Tj ET Q q 0 0 0 rg BT 162.78 404.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 189.11 404.80 Td (that ) Tj ET Q q 0 0 0 rg BT 204.46 404.80 Td (are ) Tj ET Q q 0 0 0 rg BT 217.30 404.80 Td (beyond ) Tj ET Q q 0 0 0 rg BT 245.64 404.80 Td (our ) Tj ET Q q 0 0 0 rg BT 259.49 404.80 Td (control ) Tj ET Q q 0 0 0 rg BT 286.83 404.80 Td (and ) Tj ET Q q 0 0 0 rg BT 301.68 404.80 Td (may ) Tj ET Q q 0 0 0 rg BT 319.02 404.80 Td (include, ) Tj ET Q q 0 0 0 rg BT 349.61 404.80 Td (among ) Tj ET Q q 0 0 0 rg BT 375.96 404.80 Td (other ) Tj ET Q q 0 0 0 rg BT 396.30 404.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 422.40 404.80 Td (general ) Tj ET Q q 0 0 0 rg BT 450.73 404.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 487.57 404.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 529.17 404.80 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 404.80 Td (condition ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.85 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 59.20 394.00 Td (of) Tj ET Q q 0 0 0 rg BT 66.53 394.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 91.38 394.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 120.23 394.00 Td (industry) Tj ET Q q 0 0 0 rg BT 149.15 394.00 Td (, ) Tj ET Q q 0 0 0 rg BT 153.75 394.00 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 192.59 394.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 216.43 394.00 Td (for ) Tj ET Q q 0 0 0 rg BT 229.28 394.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 241.14 394.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.48 394.00 Td (gas, ) Tj ET Q q 0 0 0 rg BT 273.09 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 286.43 394.00 Td (overall ) Tj ET Q q 0 0 0 rg BT 313.77 394.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.61 394.00 Td (condition ) Tj ET Q q 0 0 0 rg BT 383.96 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.81 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 407.16 394.00 Td (counterparty) Tj ET Q q 0 0 0 rg BT 452.05 394.00 Td (, ) Tj ET Q q 0 0 0 rg BT 456.66 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.01 394.00 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 502.34 394.00 Td (received ) Tj ET Q q 0 0 0 rg BT 535.17 394.00 Td (for ) Tj ET Q q 0 0 0 rg BT 548.02 394.00 Td (specific ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.20 Td (types ) Tj ET Q q 0 0 0 rg BT 57.13 383.20 Td (of ) Tj ET Q q 0 0 0 rg BT 66.76 383.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 95.39 383.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 111.02 383.20 Td (and ) Tj ET Q q 0 0 0 rg BT 126.15 383.20 Td (the ) Tj ET Q q 0 0 0 rg BT 139.27 383.20 Td (level ) Tj ET Q q 0 0 0 rg BT 158.89 383.20 Td (of ) Tj ET Q q 0 0 0 rg BT 168.52 383.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 203.14 383.20 Td (necessary ) Tj ET Q q 0 0 0 rg BT 240.25 383.20 Td (to ) Tj ET Q q 0 0 0 rg BT 249.39 383.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 283.01 383.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 311.64 383.20 Td (activities. ) Tj ET Q q 0 0 0 rg BT 348.51 383.20 Td (In ) Tj ET Q q 0 0 0 rg BT 358.14 383.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 392.01 383.20 Td (in ) Tj ET Q q 0 0 0 rg BT 401.15 383.20 Td (depressed ) Tj ET Q q 0 0 0 rg BT 438.76 383.20 Td (market ) Tj ET Q q 0 0 0 rg BT 465.88 383.20 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 507.76 383.20 Td (our ) Tj ET Q q 0 0 0 rg BT 521.89 383.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 560.51 383.20 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 372.40 Td (no ) Tj ET Q q 0 0 0 rg BT 47.07 372.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 72.14 372.40 Td (need ) Tj ET Q q 0 0 0 rg BT 91.20 372.40 Td (a ) Tj ET Q q 0 0 0 rg BT 97.27 372.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 125.84 372.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 137.91 372.40 Td (that ) Tj ET Q q 0 0 0 rg BT 153.47 372.40 Td (is ) Tj ET Q q 0 0 0 rg BT 161.55 372.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 196.11 372.40 Td (under ) Tj ET Q q 0 0 0 rg BT 218.67 372.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 249.72 372.40 Td (or ) Tj ET Q q 0 0 0 rg BT 259.29 372.40 Td (may ) Tj ET Q q 0 0 0 rg BT 276.86 372.40 Td (be ) Tj ET Q q 0 0 0 rg BT 287.43 372.40 Td (able ) Tj ET Q q 0 0 0 rg BT 304.49 372.40 Td (to ) Tj ET Q q 0 0 0 rg BT 313.56 372.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 338.13 372.40 Td (a ) Tj ET Q q 0 0 0 rg BT 344.20 372.40 Td (comparable ) Tj ET Q q 0 0 0 rg BT 388.25 372.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 416.82 372.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 428.89 372.40 Td (at ) Tj ET Q q 0 0 0 rg BT 437.45 372.40 Td (a ) Tj ET Q q 0 0 0 rg BT 443.52 372.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 466.09 372.40 Td (dayrate. ) Tj ET Q q 0 0 0 rg BT 496.89 372.40 Td (Should ) Tj ET Q q 0 0 0 rg BT 524.47 372.40 Td (a ) Tj ET Q q 0 0 0 rg BT 530.53 372.40 Td (counterparty ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 361.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 50.25 361.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.50 361.60 Td (honor ) Tj ET Q q 0 0 0 rg BT 82.75 361.60 Td (its ) Tj ET Q q 0 0 0 rg BT 93.51 361.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 135.76 361.60 Td (under ) Tj ET Q q 0 0 0 rg BT 158.50 361.60 Td (an ) Tj ET Q q 0 0 0 rg BT 169.25 361.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 208.98 361.60 Td (with ) Tj ET Q q 0 0 0 rg BT 227.24 361.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 239.74 361.60 Td (we ) Tj ET Q q 0 0 0 rg BT 252.49 361.60 Td (could ) Tj ET Q q 0 0 0 rg BT 274.74 361.60 Td (sustain ) Tj ET Q q 0 0 0 rg BT 301.99 361.60 Td (losses, ) Tj ET Q q 0 0 0 rg BT 328.00 361.60 Td (which ) Tj ET Q q 0 0 0 rg BT 352.25 361.60 Td (could ) Tj ET Q q 0 0 0 rg BT 374.50 361.60 Td (have ) Tj ET Q q 0 0 0 rg BT 393.74 361.60 Td (a ) Tj ET Q q 0 0 0 rg BT 399.99 361.60 Td (material ) Tj ET Q q 0 0 0 rg BT 431.72 361.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 461.46 361.60 Td (ef) Tj ET Q q 0 0 0 rg BT 468.29 361.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 484.03 361.60 Td (on ) Tj ET Q q 0 0 0 rg BT 495.28 361.60 Td (our ) Tj ET Q q 0 0 0 rg BT 509.53 361.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 544.54 361.60 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 350.80 Td (condition, ) Tj ET Q q 0 0 0 rg BT 74.50 350.80 Td (results ) Tj ET Q q 0 0 0 rg BT 100.24 350.80 Td (of ) Tj ET Q q 0 0 0 rg BT 109.99 350.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 149.73 350.80 Td (and ) Tj ET Q q 0 0 0 rg BT 164.98 350.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 190.22 350.80 Td (to ) Tj ET Q q 0 0 0 rg BT 199.47 350.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 214.72 350.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 251.96 350.80 Td (to ) Tj ET Q q 0 0 0 rg BT 261.22 350.80 Td (our ) Tj ET Q q 0 0 0 rg BT 275.46 350.80 Td (shareholders.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 323.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.26 323.20 Td (international ) Tj ET Q q 0 0 0 rg BT 104.02 323.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 145.28 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 155.03 323.20 Td (the ) Tj ET Q q 0 0 0 rg BT 168.79 323.20 Td (of) Tj ET Q q 0 0 0 rg BT 176.12 323.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 201.87 323.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 231.63 323.20 Td (sector ) Tj ET Q q 0 0 0 rg BT 255.88 323.20 Td (involve ) Tj ET Q q 0 0 0 rg BT 284.62 323.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 324.37 323.20 Td (risks, ) Tj ET Q q 0 0 0 rg BT 346.38 323.20 Td (which ) Tj ET Q q 0 0 0 rg BT 371.14 323.20 Td (could ) Tj ET Q q 0 0 0 rg BT 393.89 323.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 430.62 323.20 Td (af) Tj ET Q q 0 0 0 rg BT 437.96 323.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 453.70 323.20 Td (our ) Tj ET Q q 0 0 0 rg BT 468.95 323.20 Td (business.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 309.40 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 309.40 Td (e ) Tj ET Q q 0 0 0 rg BT 49.75 309.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 78.21 309.40 Td (in ) Tj ET Q q 0 0 0 rg BT 87.20 309.40 Td (various ) Tj ET Q q 0 0 0 rg BT 115.67 309.40 Td (regions ) Tj ET Q q 0 0 0 rg BT 144.15 309.40 Td (of ) Tj ET Q q 0 0 0 rg BT 153.63 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 166.61 309.40 Td (world. ) Tj ET Q q 0 0 0 rg BT 191.40 309.40 Td (As ) Tj ET Q q 0 0 0 rg BT 203.38 309.40 Td (a ) Tj ET Q q 0 0 0 rg BT 209.36 309.40 Td (result ) Tj ET Q q 0 0 0 rg BT 231.33 309.40 Td (of ) Tj ET Q q 0 0 0 rg BT 240.81 309.40 Td (our ) Tj ET Q q 0 0 0 rg BT 254.79 309.40 Td (international ) Tj ET Q q 0 0 0 rg BT 302.26 309.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 343.98 309.40 Td (we ) Tj ET Q q 0 0 0 rg BT 356.46 309.40 Td (may ) Tj ET Q q 0 0 0 rg BT 373.93 309.40 Td (be ) Tj ET Q q 0 0 0 rg BT 384.41 309.40 Td (exposed ) Tj ET Q q 0 0 0 rg BT 415.88 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 424.87 309.40 Td (political ) Tj ET Q q 0 0 0 rg BT 456.34 309.40 Td (and ) Tj ET Q q 0 0 0 rg BT 471.32 309.40 Td (other ) Tj ET Q q 0 0 0 rg BT 491.79 309.40 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 542.00 309.40 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 55.25 298.60 Td (of:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 284.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 284.80 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 93.74 284.80 Td (acts, ) Tj ET Q q 0 0 0 rg BT 112.23 284.80 Td (armed ) Tj ET Q q 0 0 0 rg BT 136.97 284.80 Td (hostilities, ) Tj ET Q q 0 0 0 rg BT 176.47 284.80 Td (war ) Tj ET Q q 0 0 0 rg BT 192.21 284.80 Td (and ) Tj ET Q q 0 0 0 rg BT 207.46 284.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 225.70 284.80 Td (disturbances;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 271.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 271.00 Td (acts ) Tj ET Q q 0 0 0 rg BT 79.24 271.00 Td (of ) Tj ET Q q 0 0 0 rg BT 88.99 271.00 Td (piracy) Tj ET Q q 0 0 0 rg BT 110.89 271.00 Td (, ) Tj ET Q q 0 0 0 rg BT 115.39 271.00 Td (which ) Tj ET Q q 0 0 0 rg BT 139.64 271.00 Td (have ) Tj ET Q q 0 0 0 rg BT 158.88 271.00 Td (historically ) Tj ET Q q 0 0 0 rg BT 201.62 271.00 Td (af) Tj ET Q q 0 0 0 rg BT 208.45 271.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 232.68 271.00 Td (ocean-going ) Tj ET Q q 0 0 0 rg BT 279.41 271.00 Td (vessels;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 257.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 257.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 103.24 257.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 154.97 257.20 Td (influence ) Tj ET Q q 0 0 0 rg BT 190.71 257.20 Td (over ) Tj ET Q q 0 0 0 rg BT 208.95 257.20 Td (many ) Tj ET Q q 0 0 0 rg BT 231.19 257.20 Td (aspects ) Tj ET Q q 0 0 0 rg BT 259.43 257.20 Td (of ) Tj ET Q q 0 0 0 rg BT 269.18 257.20 Td (local ) Tj ET Q q 0 0 0 rg BT 288.92 257.20 Td (economies;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 243.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 243.40 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 243.40 Td (seizure, ) Tj ET Q q 0 0 0 rg BT 106.23 243.40 Td (nationalization ) Tj ET Q q 0 0 0 rg BT 161.96 243.40 Td (or ) Tj ET Q q 0 0 0 rg BT 171.71 243.40 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 222.44 243.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.19 243.40 Td (property ) Tj ET Q q 0 0 0 rg BT 264.93 243.40 Td (or ) Tj ET Q q 0 0 0 rg BT 274.68 243.40 Td (equipment;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 229.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 229.60 Td (repudiation, ) Tj ET Q q 0 0 0 rg BT 121.73 229.60 Td (nullification, ) Tj ET Q q 0 0 0 rg BT 170.22 229.60 Td (modification ) Tj ET Q q 0 0 0 rg BT 218.46 229.60 Td (or ) Tj ET Q q 0 0 0 rg BT 228.21 229.60 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 277.94 229.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.69 229.60 Td (contracts;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 215.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 215.80 Td (limitations ) Tj ET Q q 0 0 0 rg BT 103.75 215.80 Td (on ) Tj ET Q q 0 0 0 rg BT 115.00 215.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 151.73 215.80 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 188.71 215.80 Td (such ) Tj ET Q q 0 0 0 rg BT 207.46 215.80 Td (as ) Tj ET Q q 0 0 0 rg BT 217.20 215.80 Td (war ) Tj ET Q q 0 0 0 rg BT 232.95 215.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 248.70 215.80 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 285.67 215.80 Td (in ) Tj ET Q q 0 0 0 rg BT 294.92 215.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 321.65 215.80 Td (areas;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 202.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 202.00 Td (political ) Tj ET Q q 0 0 0 rg BT 94.74 202.00 Td (unrest;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 188.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 188.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 91.24 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 106.48 188.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 124.74 188.20 Td (monetary ) Tj ET Q q 0 0 0 rg BT 160.98 188.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 185.72 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 200.97 188.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 229.21 188.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 262.93 188.20 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 307.67 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 322.92 188.20 Td (devaluations;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 174.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 174.40 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 174.40 Td (inability ) Tj ET Q q 0 0 0 rg BT 108.49 174.40 Td (to ) Tj ET Q q 0 0 0 rg BT 117.74 174.40 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 153.97 174.40 Td (income ) Tj ET Q q 0 0 0 rg BT 182.71 174.40 Td (or ) Tj ET Q q 0 0 0 rg BT 192.45 174.40 Td (capital;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 160.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 160.60 Td (complications ) Tj ET Q q 0 0 0 rg BT 115.74 160.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 154.97 160.60 Td (with ) Tj ET Q q 0 0 0 rg BT 173.22 160.60 Td (repairing ) Tj ET Q q 0 0 0 rg BT 207.96 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.20 160.60 Td (replacing ) Tj ET Q q 0 0 0 rg BT 258.93 160.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 299.18 160.60 Td (in ) Tj ET Q q 0 0 0 rg BT 308.43 160.60 Td (remote ) Tj ET Q q 0 0 0 rg BT 335.66 160.60 Td (locations;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 146.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 146.80 Td (import-export ) Tj ET Q q 0 0 0 rg BT 115.24 146.80 Td (quotas, ) Tj ET Q q 0 0 0 rg BT 143.24 146.80 Td (wage ) Tj ET Q q 0 0 0 rg BT 164.47 146.80 Td (and ) Tj ET Q q 0 0 0 rg BT 179.72 146.80 Td (price ) Tj ET Q q 0 0 0 rg BT 199.96 146.80 Td (controls, ) Tj ET Q q 0 0 0 rg BT 233.45 146.80 Td (and ) Tj ET Q q 0 0 0 rg BT 248.70 146.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.94 146.80 Td (imposition ) Tj ET Q q 0 0 0 rg BT 302.70 146.80 Td (of ) Tj ET Q q 0 0 0 rg BT 312.44 146.80 Td (trade ) Tj ET Q q 0 0 0 rg BT 332.68 146.80 Td (barriers;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 133.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 133.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 81.25 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 96.50 133.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 124.74 133.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 160.48 133.00 Td (or ) Tj ET Q q 0 0 0 rg BT 170.23 133.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 190.47 133.00 Td (embar) Tj ET Q q 0 0 0 rg BT 212.79 133.00 Td (goes;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 119.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 119.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 102.23 119.20 Td (or ) Tj ET Q q 0 0 0 rg BT 111.98 119.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.71 119.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 194.95 119.20 Td (to ) Tj ET Q q 0 0 0 rg BT 204.20 119.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 233.44 119.20 Td (with ) Tj ET Q q 0 0 0 rg BT 251.69 119.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 279.93 119.20 Td (bureaucratic ) Tj ET Q q 0 0 0 rg BT 326.65 119.20 Td (actions;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 105.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 105.40 Td (changing ) Tj ET Q q 0 0 0 rg BT 98.24 105.40 Td (taxation ) Tj ET Q q 0 0 0 rg BT 129.48 105.40 Td (policies, ) Tj ET Q q 0 0 0 rg BT 161.97 105.40 Td (including ) Tj ET Q q 0 0 0 rg BT 198.22 105.40 Td (confiscatory ) Tj ET Q q 0 0 0 rg BT 244.95 105.40 Td (taxation;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 91.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 91.60 Td (other ) Tj ET Q q 0 0 0 rg BT 83.74 91.60 Td (forms ) Tj ET Q q 0 0 0 rg BT 106.99 91.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.74 91.60 Td (government ) Tj ET Q q 0 0 0 rg BT 161.97 91.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 200.71 91.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 91.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 253.19 91.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 292.94 91.60 Td (that ) Tj ET Q q 0 0 0 rg BT 308.69 91.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.92 91.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 350.67 91.60 Td (our ) Tj ET Q q 0 0 0 rg BT 364.91 91.60 Td (control; ) Tj ET Q q 0 0 0 rg BT 395.16 91.60 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 77.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 77.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 114.73 77.80 Td (corruption.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.20 Td (In ) Tj ET Q q 0 0 0 rg BT 46.00 50.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 80.26 50.20 Td (international ) Tj ET Q q 0 0 0 rg BT 128.25 50.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 159.74 50.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 188.74 50.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 228.74 50.20 Td (are ) Tj ET Q q 0 0 0 rg BT 242.23 50.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.23 50.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.74 50.20 Td (various ) Tj ET Q q 0 0 0 rg BT 308.74 50.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 327.75 50.20 Td (and ) Tj ET Q q 0 0 0 rg BT 343.25 50.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 385.75 50.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.75 50.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.26 50.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 444.75 50.20 Td (in ) Tj ET Q q 0 0 0 rg BT 454.26 50.20 Td (which ) Tj ET Q q 0 0 0 rg BT 478.76 50.20 Td (we ) Tj ET Q q 0 0 0 rg BT 491.76 50.20 Td (operate, ) Tj ET Q q 0 0 0 rg BT 523.00 50.20 Td (including ) Tj ET Q q 0 0 0 rg BT 559.51 50.20 Td (laws ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 39.40 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 39.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 93.48 39.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 123.22 39.40 Td (to:) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 749.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 749.80 Td (equipping ) Tj ET Q q 0 0 0 rg BT 114.49 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 129.74 749.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 165.97 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 175.72 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 204.47 749.80 Td (units;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 736.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 736.00 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 119.98 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.72 736.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 157.96 736.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 190.70 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 205.95 736.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 242.17 736.00 Td (controls;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 722.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 722.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 74.75 722.20 Td (and ) Tj ET Q q 0 0 0 rg BT 90.00 722.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 104.24 722.20 Td (exploration ) Tj ET Q q 0 0 0 rg BT 147.48 722.20 Td (and ) Tj ET Q q 0 0 0 rg BT 162.73 722.20 Td (development;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 708.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 708.40 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 708.40 Td (taxation ) Tj ET Q q 0 0 0 rg BT 107.49 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.23 708.40 Td (of) Tj ET Q q 0 0 0 rg BT 124.57 708.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 149.31 708.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 182.05 708.40 Td (and ) Tj ET Q q 0 0 0 rg BT 197.29 708.40 Td (the ) Tj ET Q q 0 0 0 rg BT 210.54 708.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 243.28 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 253.02 708.40 Td (expatriate ) Tj ET Q q 0 0 0 rg BT 290.75 708.40 Td (personnel; ) Tj ET Q q 0 0 0 rg BT 330.49 708.40 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 694.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 694.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 694.60 Td (use ) Tj ET Q q 0 0 0 rg BT 90.49 694.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.74 694.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 157.97 694.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.72 694.60 Td (local ) Tj ET Q q 0 0 0 rg BT 187.46 694.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 228.20 694.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.44 694.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 278.19 694.60 Td (by ) Tj ET Q q 0 0 0 rg BT 289.44 694.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 317.68 694.60 Td (contractors.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 667.00 Td (Some ) Tj ET Q q 0 0 0 rg BT 58.82 667.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 87.13 667.00 Td (governments ) Tj ET Q q 0 0 0 rg BT 135.94 667.00 Td (favor ) Tj ET Q q 0 0 0 rg BT 157.25 667.00 Td (or ) Tj ET Q q 0 0 0 rg BT 167.06 667.00 Td (ef) Tj ET Q q 0 0 0 rg BT 173.89 667.00 Td (fectively ) Tj ET Q q 0 0 0 rg BT 207.69 667.00 Td (require ) Tj ET Q q 0 0 0 rg BT 235.50 667.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 246.31 667.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.62 667.00 Td (awarding ) Tj ET Q q 0 0 0 rg BT 295.43 667.00 Td (of ) Tj ET Q q 0 0 0 rg BT 305.25 667.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.06 667.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 368.87 667.00 Td (to ) Tj ET Q q 0 0 0 rg BT 378.19 667.00 Td (local ) Tj ET Q q 0 0 0 rg BT 398.00 667.00 Td (contractors ) Tj ET Q q 0 0 0 rg BT 440.30 667.00 Td (or ) Tj ET Q q 0 0 0 rg BT 450.12 667.00 Td (to ) Tj ET Q q 0 0 0 rg BT 459.44 667.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 488.25 667.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 504.07 667.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 530.39 667.00 Td (by ) Tj ET Q q 0 0 0 rg BT 541.71 667.00 Td (their ) Tj ET Q q 0 0 0 rg BT 560.52 667.00 Td (own ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 656.20 Td (citizens, ) Tj ET Q q 0 0 0 rg BT 67.65 656.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 80.55 656.20 Td (the ) Tj ET Q q 0 0 0 rg BT 93.46 656.20 Td (use ) Tj ET Q q 0 0 0 rg BT 107.36 656.20 Td (of ) Tj ET Q q 0 0 0 rg BT 116.77 656.20 Td (a ) Tj ET Q q 0 0 0 rg BT 122.67 656.20 Td (local ) Tj ET Q q 0 0 0 rg BT 142.07 656.20 Td (agent ) Tj ET Q q 0 0 0 rg BT 163.47 656.20 Td (or ) Tj ET Q q 0 0 0 rg BT 172.88 656.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 188.29 656.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 216.19 656.20 Td (contractors ) Tj ET Q q 0 0 0 rg BT 258.08 656.20 Td (to ) Tj ET Q q 0 0 0 rg BT 266.99 656.20 Td (employ ) Tj ET Q q 0 0 0 rg BT 295.89 656.20 Td (citizens ) Tj ET Q q 0 0 0 rg BT 325.29 656.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 336.95 656.20 Td (or ) Tj ET Q q 0 0 0 rg BT 346.35 656.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 380.25 656.20 Td (supplies ) Tj ET Q q 0 0 0 rg BT 411.66 656.20 Td (from, ) Tj ET Q q 0 0 0 rg BT 433.31 656.20 Td (a ) Tj ET Q q 0 0 0 rg BT 439.21 656.20 Td (particular ) Tj ET Q q 0 0 0 rg BT 475.60 656.20 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 520.62 656.20 Td (These ) Tj ET Q q 0 0 0 rg BT 544.02 656.20 Td (practices ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 645.40 Td (may ) Tj ET Q q 0 0 0 rg BT 53.94 645.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.87 645.40 Td (af) Tj ET Q q 0 0 0 rg BT 97.70 645.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 113.64 645.40 Td (our ) Tj ET Q q 0 0 0 rg BT 128.08 645.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 153.53 645.40 Td (to ) Tj ET Q q 0 0 0 rg BT 162.98 645.40 Td (compete ) Tj ET Q q 0 0 0 rg BT 195.91 645.40 Td (in ) Tj ET Q q 0 0 0 rg BT 205.36 645.40 Td (those ) Tj ET Q q 0 0 0 rg BT 226.80 645.40 Td (regions. ) Tj ET Q q 0 0 0 rg BT 257.99 645.40 Td (It ) Tj ET Q q 0 0 0 rg BT 265.94 645.40 Td (is ) Tj ET Q q 0 0 0 rg BT 274.39 645.40 Td (dif) Tj ET Q q 0 0 0 rg BT 284.23 645.40 Td (ficult ) Tj ET Q q 0 0 0 rg BT 305.67 645.40 Td (to ) Tj ET Q q 0 0 0 rg BT 315.11 645.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 342.55 645.40 Td (what ) Tj ET Q q 0 0 0 rg BT 362.49 645.40 Td (governmental ) Tj ET Q q 0 0 0 rg BT 414.42 645.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 456.86 645.40 Td (may ) Tj ET Q q 0 0 0 rg BT 474.80 645.40 Td (be ) Tj ET Q q 0 0 0 rg BT 485.75 645.40 Td (enacted ) Tj ET Q q 0 0 0 rg BT 515.67 645.40 Td (in ) Tj ET Q q 0 0 0 rg BT 525.12 645.40 Td (the ) Tj ET Q q 0 0 0 rg BT 538.56 645.40 Td (future ) Tj ET Q q 0 0 0 rg BT 562.50 645.40 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 634.60 Td (could ) Tj ET Q q 0 0 0 rg BT 58.28 634.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 95.06 634.60 Td (af) Tj ET Q q 0 0 0 rg BT 101.89 634.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.66 634.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.94 634.60 Td (international ) Tj ET Q q 0 0 0 rg BT 178.72 634.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 207.50 634.60 Td (industry) Tj ET Q q 0 0 0 rg BT 236.42 634.60 Td (. ) Tj ET Q q 0 0 0 rg BT 240.79 634.60 Td (The ) Tj ET Q q 0 0 0 rg BT 257.07 634.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 284.85 634.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.64 634.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 322.92 634.60 Td (governments, ) Tj ET Q q 0 0 0 rg BT 373.95 634.60 Td (including ) Tj ET Q q 0 0 0 rg BT 410.23 634.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 448.01 634.60 Td (by ) Tj ET Q q 0 0 0 rg BT 459.30 634.60 Td (OPEC, ) Tj ET Q q 0 0 0 rg BT 486.85 634.60 Td (may ) Tj ET Q q 0 0 0 rg BT 504.63 634.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 541.40 634.60 Td (af) Tj ET Q q 0 0 0 rg BT 548.23 634.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 564.01 634.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 61.13 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 70.27 623.80 Td (compete. ) Tj ET Q q 0 0 0 rg BT 105.14 623.80 Td (Failure ) Tj ET Q q 0 0 0 rg BT 132.77 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 141.91 623.80 Td (comply ) Tj ET Q q 0 0 0 rg BT 171.04 623.80 Td (with ) Tj ET Q q 0 0 0 rg BT 189.18 623.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 228.29 623.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 246.93 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.06 623.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 306.44 623.80 Td (including ) Tj ET Q q 0 0 0 rg BT 342.57 623.80 Td (those ) Tj ET Q q 0 0 0 rg BT 363.70 623.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 393.33 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 402.47 623.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 438.10 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 453.23 623.80 Td (export ) Tj ET Q q 0 0 0 rg BT 478.36 623.80 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 522.73 623.80 Td (may ) Tj ET Q q 0 0 0 rg BT 540.37 623.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 568.00 623.80 Td (us ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 613.00 Td (criminal ) Tj ET Q q 0 0 0 rg BT 77.49 613.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 113.23 613.00 Td (or ) Tj ET Q q 0 0 0 rg BT 122.98 613.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 141.23 613.00 Td (remedies, ) Tj ET Q q 0 0 0 rg BT 178.21 613.00 Td (including ) Tj ET Q q 0 0 0 rg BT 214.46 613.00 Td (fines, ) Tj ET Q q 0 0 0 rg BT 236.45 613.00 Td (denial ) Tj ET Q q 0 0 0 rg BT 260.69 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.44 613.00 Td (export ) Tj ET Q q 0 0 0 rg BT 295.68 613.00 Td (privileges, ) Tj ET Q q 0 0 0 rg BT 335.67 613.00 Td (injunctions ) Tj ET Q q 0 0 0 rg BT 377.92 613.00 Td (or ) Tj ET Q q 0 0 0 rg BT 387.67 613.00 Td (seizures ) Tj ET Q q 0 0 0 rg BT 418.90 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 428.65 613.00 Td (assets.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 585.40 Td (Newbuilding ) Tj ET Q q 0 0 0 rg BT 85.76 585.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 117.00 585.40 Td (are ) Tj ET Q q 0 0 0 rg BT 131.25 585.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 159.50 585.40 Td (to ) Tj ET Q q 0 0 0 rg BT 168.75 585.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 188.51 585.40 Td (that ) Tj ET Q q 0 0 0 rg BT 205.26 585.40 Td (could ) Tj ET Q q 0 0 0 rg BT 228.01 585.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 251.26 585.40 Td (delays ) Tj ET Q q 0 0 0 rg BT 276.50 585.40 Td (or ) Tj ET Q q 0 0 0 rg BT 286.76 585.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 303.50 585.40 Td (overruns) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 571.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 571.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.89 571.60 Td (have ) Tj ET Q q 0 0 0 rg BT 69.01 571.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 97.61 571.60 Td (into ) Tj ET Q q 0 0 0 rg BT 113.74 571.60 Td (a ) Tj ET Q q 0 0 0 rg BT 119.86 571.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 166.48 571.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 197.58 571.60 Td (for ) Tj ET Q q 0 0 0 rg BT 210.20 571.60 Td (one ) Tj ET Q q 0 0 0 rg BT 225.32 571.60 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 290.93 571.60 Td (rig, ) Tj ET Q q 0 0 0 rg BT 305.31 571.60 Td (the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.55 571.60 Td (W) Tj ET Q q 0 0 0 rg BT 325.22 571.60 Td (est ) Tj ET Q q 0 0 0 rg BT 337.34 571.60 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.34 571.60 Td (. ) Tj ET Q q 0 0 0 rg BT 360.71 571.60 Td (On ) Tj ET Q q 0 0 0 rg BT 373.84 571.60 Td (December ) Tj ET Q q 0 0 0 rg BT 412.94 571.60 Td (2, ) Tj ET Q q 0 0 0 rg BT 421.81 571.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 441.94 571.60 Td (we ) Tj ET Q q 0 0 0 rg BT 454.56 571.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 483.16 571.60 Td (an ) Tj ET Q q 0 0 0 rg BT 493.78 571.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 533.38 571.60 Td (with ) Tj ET Q q 0 0 0 rg BT 551.51 571.60 Td (Jurong ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.80 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 71.30 560.80 Td (Pte ) Tj ET Q q 0 0 0 rg BT 85.60 560.80 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 105.40 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 115.70 560.80 Td (Jurong, ) Tj ET Q q 0 0 0 rg BT 145.26 560.80 Td (to, ) Tj ET Q q 0 0 0 rg BT 157.31 560.80 Td (among ) Tj ET Q q 0 0 0 rg BT 184.61 560.80 Td (other ) Tj ET Q q 0 0 0 rg BT 205.90 560.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 232.96 560.80 Td (defer ) Tj ET Q q 0 0 0 rg BT 254.24 560.80 Td (our ) Tj ET Q q 0 0 0 rg BT 269.04 560.80 Td (taking ) Tj ET Q q 0 0 0 rg BT 294.34 560.80 Td (delivery ) Tj ET Q q 0 0 0 rg BT 326.63 560.80 Td (of ) Tj ET Q q 0 0 0 rg BT 336.93 560.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.73 560.80 Td (W) Tj ET Q q 0 0 0 rg BT 357.40 560.80 Td (est ) Tj ET Q q 0 0 0 rg BT 370.20 560.80 Td (Rigel ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 560.80 Td (for ) Tj ET Q q 0 0 0 rg BT 405.29 560.80 Td (a ) Tj ET Q q 0 0 0 rg BT 412.09 560.80 Td (period ) Tj ET Q q 0 0 0 rg BT 437.89 560.80 Td (of ) Tj ET Q q 0 0 0 rg BT 448.19 560.80 Td (six ) Tj ET Q q 0 0 0 rg BT 461.49 560.80 Td (months, ) Tj ET Q q 0 0 0 rg BT 493.05 560.80 Td (until ) Tj ET Q q 0 0 0 rg BT 512.35 560.80 Td (June ) Tj ET Q q 0 0 0 rg BT 531.65 560.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 554.71 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 565.00 560.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 550.00 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 67.64 550.00 Td (Period. ) Tj ET Q q 0 0 0 rg BT 95.05 550.00 Td (During ) Tj ET Q q 0 0 0 rg BT 122.21 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.87 550.00 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 166.51 550.00 Td (Period, ) Tj ET Q q 0 0 0 rg BT 193.92 550.00 Td (we ) Tj ET Q q 0 0 0 rg BT 206.08 550.00 Td (will ) Tj ET Q q 0 0 0 rg BT 221.74 550.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 254.40 550.00 Td (to ) Tj ET Q q 0 0 0 rg BT 263.06 550.00 Td (market ) Tj ET Q q 0 0 0 rg BT 289.71 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 302.37 550.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 314.03 550.00 Td (for ) Tj ET Q q 0 0 0 rg BT 326.19 550.00 Td (employment ) Tj ET Q q 0 0 0 rg BT 372.84 550.00 Td (while ) Tj ET Q q 0 0 0 rg BT 394.50 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 407.16 550.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 418.82 550.00 Td (remains ) Tj ET Q q 0 0 0 rg BT 448.97 550.00 Td (at ) Tj ET Q q 0 0 0 rg BT 457.13 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.79 550.00 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 495.95 550.00 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 528.61 550.00 Td (in ) Tj ET Q q 0 0 0 rg BT 537.28 550.00 Td (Singapore. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 539.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.61 539.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.21 539.20 Td (W) Tj ET Q q 0 0 0 rg BT 64.88 539.20 Td (est ) Tj ET Q q 0 0 0 rg BT 77.49 539.20 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.48 539.20 Td ( ) Tj ET Q q 0 0 0 rg BT 99.10 539.20 Td (is ) Tj ET Q q 0 0 0 rg BT 107.71 539.20 Td (not ) Tj ET Q q 0 0 0 rg BT 121.82 539.20 Td (contracted ) Tj ET Q q 0 0 0 rg BT 161.91 539.20 Td (for ) Tj ET Q q 0 0 0 rg BT 175.02 539.20 Td (employment ) Tj ET Q q 0 0 0 rg BT 222.62 539.20 Td (on ) Tj ET Q q 0 0 0 rg BT 234.23 539.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 256.84 539.20 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 297.42 539.20 Td (to ) Tj ET Q q 0 0 0 rg BT 307.03 539.20 Td (us ) Tj ET Q q 0 0 0 rg BT 317.64 539.20 Td (or ) Tj ET Q q 0 0 0 rg BT 327.75 539.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 365.35 539.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 382.96 539.20 Td (to ) Tj ET Q q 0 0 0 rg BT 392.58 539.20 Td (a ) Tj ET Q q 0 0 0 rg BT 399.18 539.20 Td (third ) Tj ET Q q 0 0 0 rg BT 418.79 539.20 Td (party ) Tj ET Q q 0 0 0 rg BT 439.90 539.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 460.00 539.20 Td (to ) Tj ET Q q 0 0 0 rg BT 469.61 539.20 Td (the ) Tj ET Q q 0 0 0 rg BT 483.22 539.20 Td (expiration ) Tj ET Q q 0 0 0 rg BT 522.32 539.20 Td (of ) Tj ET Q q 0 0 0 rg BT 532.43 539.20 Td (the ) Tj ET Q q 0 0 0 rg BT 546.03 539.20 Td (Deferral ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 528.40 Td (Period, ) Tj ET Q q 0 0 0 rg BT 63.89 528.40 Td (NADL) Tj ET Q q 0 0 0 rg BT 88.56 528.40 Td ( ) Tj ET Q q 0 0 0 rg BT 90.70 528.40 Td (and ) Tj ET Q q 0 0 0 rg BT 105.84 528.40 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 132.49 528.40 Td (have ) Tj ET Q q 0 0 0 rg BT 151.62 528.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 177.75 528.40 Td (to ) Tj ET Q q 0 0 0 rg BT 186.89 528.40 Td (jointly ) Tj ET Q q 0 0 0 rg BT 212.54 528.40 Td (own ) Tj ET Q q 0 0 0 rg BT 230.19 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 243.33 528.40 Td (rig. ) Tj ET Q q 0 0 0 rg BT 257.72 528.40 Td (For ) Tj ET Q q 0 0 0 rg BT 272.37 528.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 310.50 528.40 Td (information, ) Tj ET Q q 0 0 0 rg BT 357.39 528.40 Td (please ) Tj ET Q q 0 0 0 rg BT 382.02 528.40 Td (see ) Tj ET Q q 0 0 0 rg BT 395.66 528.40 Td ("Item ) Tj ET Q q 0 0 0 rg BT 417.97 528.40 Td (4. ) Tj ET Q q 0 0 0 rg BT 426.87 528.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 472.00 528.40 Td (on ) Tj ET Q q 0 0 0 rg BT 483.15 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 496.29 528.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.43 528.40 Td (- ) Tj ET Q q 0 0 0 rg BT 538.10 528.40 Td (A. ) Tj ET Q q 0 0 0 rg BT 548.99 528.40 Td (History ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 517.60 Td (and ) Tj ET Q q 0 0 0 rg BT 52.21 517.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 103.90 517.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.61 517.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.82 517.60 Td (Company) Tj ET Q q 0 0 0 rg BT 163.23 517.60 Td (." ) Tj ET Q q 0 0 0 rg BT 172.37 517.60 Td (In ) Tj ET Q q 0 0 0 rg BT 183.08 517.60 Td (view ) Tj ET Q q 0 0 0 rg BT 203.79 517.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.50 517.60 Td (current ) Tj ET Q q 0 0 0 rg BT 243.19 517.60 Td (market ) Tj ET Q q 0 0 0 rg BT 271.39 517.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 314.35 517.60 Td (we ) Tj ET Q q 0 0 0 rg BT 328.06 517.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 357.26 517.60 Td (that ) Tj ET Q q 0 0 0 rg BT 373.97 517.60 Td (it ) Tj ET Q q 0 0 0 rg BT 382.18 517.60 Td (is ) Tj ET Q q 0 0 0 rg BT 391.39 517.60 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 424.10 517.60 Td (that ) Tj ET Q q 0 0 0 rg BT 440.81 517.60 Td (we ) Tj ET Q q 0 0 0 rg BT 454.52 517.60 Td (will ) Tj ET Q q 0 0 0 rg BT 471.73 517.60 Td (be ) Tj ET Q q 0 0 0 rg BT 483.44 517.60 Td (able ) Tj ET Q q 0 0 0 rg BT 501.64 517.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.85 517.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 538.05 517.60 Td (acceptable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 506.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 83.09 506.80 Td (for ) Tj ET Q q 0 0 0 rg BT 95.69 506.80 Td (the ) Tj ET Q q 0 0 0 rg BT 108.78 506.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 120.88 506.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 140.48 506.80 Td (to ) Tj ET Q q 0 0 0 rg BT 149.58 506.80 Td (the ) Tj ET Q q 0 0 0 rg BT 162.67 506.80 Td (expiry ) Tj ET Q q 0 0 0 rg BT 187.77 506.80 Td (of ) Tj ET Q q 0 0 0 rg BT 197.36 506.80 Td (the ) Tj ET Q q 0 0 0 rg BT 210.46 506.80 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 242.53 506.80 Td (Period, ) Tj ET Q q 0 0 0 rg BT 270.38 506.80 Td (and ) Tj ET Q q 0 0 0 rg BT 285.48 506.80 Td (as ) Tj ET Q q 0 0 0 rg BT 295.08 506.80 Td (a ) Tj ET Q q 0 0 0 rg BT 301.17 506.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 325.52 506.80 Td (we ) Tj ET Q q 0 0 0 rg BT 338.11 506.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 363.70 506.80 Td (that ) Tj ET Q q 0 0 0 rg BT 379.29 506.80 Td (the ) Tj ET Q q 0 0 0 rg BT 392.39 506.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 404.49 506.80 Td (will ) Tj ET Q q 0 0 0 rg BT 420.59 506.80 Td (be ) Tj ET Q q 0 0 0 rg BT 431.18 506.80 Td (jointly ) Tj ET Q q 0 0 0 rg BT 456.79 506.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 482.88 506.80 Td (with ) Tj ET Q q 0 0 0 rg BT 500.98 506.80 Td (Jurong. ) Tj ET Q q 0 0 0 rg BT 529.37 506.80 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 573.77 506.80 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 496.00 Td (we ) Tj ET Q q 0 0 0 rg BT 49.30 496.00 Td (have ) Tj ET Q q 0 0 0 rg BT 69.10 496.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 105.90 496.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.70 496.00 Td (W) Tj ET Q q 0 0 0 rg BT 126.37 496.00 Td (est ) Tj ET Q q 0 0 0 rg BT 139.17 496.00 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.17 496.00 Td ( ) Tj ET Q q 0 0 0 rg BT 160.98 496.00 Td (as ) Tj ET Q q 0 0 0 rg BT 171.28 496.00 Td (Held ) Tj ET Q q 0 0 0 rg BT 195.58 496.00 Td (for ) Tj ET Q q 0 0 0 rg BT 208.88 496.00 Td (Sale ) Tj ET Q q 0 0 0 rg BT 231.18 496.00 Td (as ) Tj ET Q q 0 0 0 rg BT 241.48 496.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.79 496.00 Td (December ) Tj ET Q q 0 0 0 rg BT 291.57 496.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 305.63 496.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 328.49 496.00 Td (T) Tj ET Q q 0 0 0 rg BT 333.35 496.00 Td (o ) Tj ET Q q 0 0 0 rg BT 340.66 496.00 Td (the ) Tj ET Q q 0 0 0 rg BT 354.47 496.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 379.26 496.00 Td (we ) Tj ET Q q 0 0 0 rg BT 392.57 496.00 Td (delay ) Tj ET Q q 0 0 0 rg BT 414.86 496.00 Td (taking ) Tj ET Q q 0 0 0 rg BT 440.17 496.00 Td (delivery ) Tj ET Q q 0 0 0 rg BT 472.46 496.00 Td (of, ) Tj ET Q q 0 0 0 rg BT 485.02 496.00 Td (or ) Tj ET Q q 0 0 0 rg BT 495.32 496.00 Td (are ) Tj ET Q q 0 0 0 rg BT 509.12 496.00 Td (unable ) Tj ET Q q 0 0 0 rg BT 535.92 496.00 Td (to ) Tj ET Q q 0 0 0 rg BT 545.73 496.00 Td (take ) Tj ET Q q 0 0 0 rg BT 563.52 496.00 Td (full ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 485.20 Td (delivery ) Tj ET Q q 0 0 0 rg BT 67.59 485.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 79.43 485.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.53 485.20 Td (W) Tj ET Q q 0 0 0 rg BT 99.20 485.20 Td (est ) Tj ET Q q 0 0 0 rg BT 111.29 485.20 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.29 485.20 Td (, ) Tj ET Q q 0 0 0 rg BT 134.63 485.20 Td (we ) Tj ET Q q 0 0 0 rg BT 147.23 485.20 Td (would ) Tj ET Q q 0 0 0 rg BT 171.83 485.20 Td (be ) Tj ET Q q 0 0 0 rg BT 182.42 485.20 Td (prevented ) Tj ET Q q 0 0 0 rg BT 220.00 485.20 Td (from ) Tj ET Q q 0 0 0 rg BT 239.59 485.20 Td (realising ) Tj ET Q q 0 0 0 rg BT 272.68 485.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 306.27 485.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 340.35 485.20 Td (from ) Tj ET Q q 0 0 0 rg BT 359.95 485.20 Td (this ) Tj ET Q q 0 0 0 rg BT 375.05 485.20 Td (rig, ) Tj ET Q q 0 0 0 rg BT 389.39 485.20 Td (which ) Tj ET Q q 0 0 0 rg BT 413.49 485.20 Td (would ) Tj ET Q q 0 0 0 rg BT 438.09 485.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 474.67 485.20 Td (af) Tj ET Q q 0 0 0 rg BT 481.50 485.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 497.08 485.20 Td (our ) Tj ET Q q 0 0 0 rg BT 511.18 485.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 544.76 485.20 Td (position, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 474.40 Td (results ) Tj ET Q q 0 0 0 rg BT 61.75 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 71.49 474.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.23 474.40 Td (and ) Tj ET Q q 0 0 0 rg BT 126.48 474.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.72 474.40 Td (flows.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 446.80 Td (Any ) Tj ET Q q 0 0 0 rg BT 53.35 446.80 Td (limitation ) Tj ET Q q 0 0 0 rg BT 91.70 446.80 Td (in ) Tj ET Q q 0 0 0 rg BT 101.55 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.39 446.80 Td (availability ) Tj ET Q q 0 0 0 rg BT 158.73 446.80 Td (or ) Tj ET Q q 0 0 0 rg BT 169.07 446.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 206.92 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 216.76 446.80 Td (our ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 232.11 446.80 Td (seven) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 252.60 446.80 Td ( ) Tj ET Q q 0 0 0 rg BT 254.95 446.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 284.80 446.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 301.15 446.80 Td (could ) Tj ET Q q 0 0 0 rg BT 323.99 446.80 Td (have ) Tj ET Q q 0 0 0 rg BT 343.83 446.80 Td (a ) Tj ET Q q 0 0 0 rg BT 350.67 446.80 Td (material ) Tj ET Q q 0 0 0 rg BT 384.01 446.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 414.35 446.80 Td (ef) Tj ET Q q 0 0 0 rg BT 421.18 446.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 437.01 446.80 Td (on ) Tj ET Q q 0 0 0 rg BT 448.85 446.80 Td (our ) Tj ET Q q 0 0 0 rg BT 464.21 446.80 Td (business, ) Tj ET Q q 0 0 0 rg BT 500.31 446.80 Td (results ) Tj ET Q q 0 0 0 rg BT 527.16 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 537.00 446.80 Td (operations ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 52.26 436.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.01 436.00 Td (condition.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 422.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.71 422.20 Td (fleet ) Tj ET Q q 0 0 0 rg BT 71.42 422.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 106.62 422.20 Td (consists ) Tj ET Q q 0 0 0 rg BT 137.83 422.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.05 422.20 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.03 422.20 Td ( ) Tj ET Q q 0 0 0 rg BT 168.75 422.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 190.96 422.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 239.16 422.20 Td (semi-submersibles, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.12 422.20 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.11 422.20 Td ( ) Tj ET Q q 0 0 0 rg BT 326.83 422.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 349.04 422.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 397.24 422.20 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 436.94 422.20 Td (drillship, ) Tj ET Q q 0 0 0 rg BT 471.90 422.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.61 422.20 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.60 422.20 Td ( ) Tj ET Q q 0 0 0 rg BT 508.32 422.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 530.53 422.20 Td (environment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 411.40 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 65.26 411.40 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 83.11 411.40 Td (W) Tj ET Q q 0 0 0 rg BT 90.89 411.40 Td (e ) Tj ET Q q 0 0 0 rg BT 97.15 411.40 Td (also ) Tj ET Q q 0 0 0 rg BT 113.92 411.40 Td (have ) Tj ET Q q 0 0 0 rg BT 133.18 411.40 Td (a ) Tj ET Q q 0 0 0 rg BT 139.45 411.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 170.70 411.40 Td (for ) Tj ET Q q 0 0 0 rg BT 183.47 411.40 Td (the ) Tj ET Q q 0 0 0 rg BT 196.73 411.40 Td (construction ) Tj ET Q q 0 0 0 rg BT 243.49 411.40 Td (of ) Tj ET Q q 0 0 0 rg BT 253.26 411.40 Td (one ) Tj ET Q q 0 0 0 rg BT 268.53 411.40 Td (harsh ) Tj ET Q q 0 0 0 rg BT 290.29 411.40 Td (environment ) Tj ET Q q 0 0 0 rg BT 338.05 411.40 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 403.81 411.40 Td (rig, ) Tj ET Q q 0 0 0 rg BT 418.33 411.40 Td (which ) Tj ET Q q 0 0 0 rg BT 442.59 411.40 Td (has ) Tj ET Q q 0 0 0 rg BT 456.86 411.40 Td (been ) Tj ET Q q 0 0 0 rg BT 476.12 411.40 Td (classified ) Tj ET Q q 0 0 0 rg BT 512.38 411.40 Td (as ) Tj ET Q q 0 0 0 rg BT 522.15 411.40 Td ("Held ) Tj ET Q q 0 0 0 rg BT 545.59 411.40 Td (for ) Tj ET Q q 0 0 0 rg BT 558.35 411.40 Td (sale" ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 400.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.83 400.60 Td (our ) Tj ET Q q 0 0 0 rg BT 60.66 400.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 110.98 400.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 147.30 400.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 189.63 400.60 Td (included ) Tj ET Q q 0 0 0 rg BT 223.45 400.60 Td (herein. ) Tj ET Q q 0 0 0 rg BT 251.02 400.60 Td (If ) Tj ET Q q 0 0 0 rg BT 259.84 400.60 Td (any ) Tj ET Q q 0 0 0 rg BT 275.66 400.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.99 400.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.82 400.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 330.15 400.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 346.48 400.60 Td (are ) Tj ET Q q 0 0 0 rg BT 360.29 400.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 387.11 400.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.94 400.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 430.25 400.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 465.06 400.60 Td (as ) Tj ET Q q 0 0 0 rg BT 475.39 400.60 Td (a ) Tj ET Q q 0 0 0 rg BT 482.22 400.60 Td (result ) Tj ET Q q 0 0 0 rg BT 505.04 400.60 Td (of ) Tj ET Q q 0 0 0 rg BT 515.37 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.19 400.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 568.51 400.60 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 389.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 80.08 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 90.18 389.80 Td (its ) Tj ET Q q 0 0 0 rg BT 101.27 389.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 130.37 389.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 165.45 389.80 Td (or ) Tj ET Q q 0 0 0 rg BT 175.54 389.80 Td (sustained ) Tj ET Q q 0 0 0 rg BT 211.63 389.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 240.72 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 250.81 389.80 Td (downtime, ) Tj ET Q q 0 0 0 rg BT 291.65 389.80 Td (our ) Tj ET Q q 0 0 0 rg BT 306.25 389.80 Td (results ) Tj ET Q q 0 0 0 rg BT 332.34 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 342.43 389.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 382.52 389.80 Td (and ) Tj ET Q q 0 0 0 rg BT 398.11 389.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.18 389.80 Td (condition ) Tj ET Q q 0 0 0 rg BT 468.78 389.80 Td (could ) Tj ET Q q 0 0 0 rg BT 491.37 389.80 Td (be ) Tj ET Q q 0 0 0 rg BT 502.46 389.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 541.53 389.80 Td (adversely ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 379.00 Td (af) Tj ET Q q 0 0 0 rg BT 42.83 379.00 Td (fected. ) Tj ET Q q 0 0 0 rg BT 69.31 379.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.40 Td (Some ) Tj ET Q q 0 0 0 rg BT 59.35 351.40 Td (of ) Tj ET Q q 0 0 0 rg BT 69.70 351.40 Td (our ) Tj ET Q q 0 0 0 rg BT 84.55 351.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 123.90 351.40 Td (have ) Tj ET Q q 0 0 0 rg BT 143.74 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.59 351.40 Td (right ) Tj ET Q q 0 0 0 rg BT 177.44 351.40 Td (to ) Tj ET Q q 0 0 0 rg BT 187.29 351.40 Td (terminate ) Tj ET Q q 0 0 0 rg BT 224.13 351.40 Td (their ) Tj ET Q q 0 0 0 rg BT 243.48 351.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 272.83 351.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 308.17 351.40 Td (without ) Tj ET Q q 0 0 0 rg BT 338.52 351.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 361.36 351.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 382.21 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 396.06 351.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 429.90 351.40 Td (of ) Tj ET Q q 0 0 0 rg BT 440.25 351.40 Td (an ) Tj ET Q q 0 0 0 rg BT 451.60 351.40 Td (early ) Tj ET Q q 0 0 0 rg BT 472.44 351.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 516.78 351.40 Td (fee. ) Tj ET Q q 0 0 0 rg BT 532.67 351.40 Td (The ) Tj ET Q q 0 0 0 rg BT 549.51 351.40 Td (general ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 340.60 Td (principle ) Tj ET Q q 0 0 0 rg BT 70.09 340.60 Td (is ) Tj ET Q q 0 0 0 rg BT 78.20 340.60 Td (that ) Tj ET Q q 0 0 0 rg BT 93.80 340.60 Td (such ) Tj ET Q q 0 0 0 rg BT 112.40 340.60 Td (early ) Tj ET Q q 0 0 0 rg BT 132.49 340.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 176.08 340.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 189.17 340.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 208.28 340.60 Td (compensate ) Tj ET Q q 0 0 0 rg BT 252.86 340.60 Td (us ) Tj ET Q q 0 0 0 rg BT 262.97 340.60 Td (for ) Tj ET Q q 0 0 0 rg BT 275.57 340.60 Td (lost ) Tj ET Q q 0 0 0 rg BT 290.67 340.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 324.76 340.60 Td (less ) Tj ET Q q 0 0 0 rg BT 340.36 340.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 376.46 340.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 411.05 340.60 Td (for ) Tj ET Q q 0 0 0 rg BT 423.65 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.75 340.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 475.34 340.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 506.42 340.60 Td (period; ) Tj ET Q q 0 0 0 rg BT 534.02 340.60 Td (however) Tj ET Q q 0 0 0 rg BT 564.65 340.60 Td (, ) Tj ET Q q 0 0 0 rg BT 569.00 340.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.80 Td (some ) Tj ET Q q 0 0 0 rg BT 57.78 329.80 Td (cases, ) Tj ET Q q 0 0 0 rg BT 81.80 329.80 Td (such ) Tj ET Q q 0 0 0 rg BT 101.08 329.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 138.35 329.80 Td (may ) Tj ET Q q 0 0 0 rg BT 156.63 329.80 Td (not ) Tj ET Q q 0 0 0 rg BT 170.91 329.80 Td (fully ) Tj ET Q q 0 0 0 rg BT 190.69 329.80 Td (compensate ) Tj ET Q q 0 0 0 rg BT 235.95 329.80 Td (us ) Tj ET Q q 0 0 0 rg BT 246.73 329.80 Td (for ) Tj ET Q q 0 0 0 rg BT 260.01 329.80 Td (the ) Tj ET Q q 0 0 0 rg BT 273.78 329.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 290.57 329.80 Td (of ) Tj ET Q q 0 0 0 rg BT 300.85 329.80 Td (the ) Tj ET Q q 0 0 0 rg BT 314.62 329.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 343.90 329.80 Td (contract. ) Tj ET Q q 0 0 0 rg BT 377.91 329.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 403.19 329.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 430.45 329.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 484.21 329.80 Td (our ) Tj ET Q q 0 0 0 rg BT 498.98 329.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 534.25 329.80 Td (may ) Tj ET Q q 0 0 0 rg BT 552.52 329.80 Td (permit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 74.35 319.00 Td (to ) Tj ET Q q 0 0 0 rg BT 83.20 319.00 Td (terminate ) Tj ET Q q 0 0 0 rg BT 119.04 319.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 153.38 319.00 Td (early ) Tj ET Q q 0 0 0 rg BT 173.22 319.00 Td (without ) Tj ET Q q 0 0 0 rg BT 202.58 319.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.43 319.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 248.28 319.00 Td (of ) Tj ET Q q 0 0 0 rg BT 257.63 319.00 Td (any ) Tj ET Q q 0 0 0 rg BT 272.48 319.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 315.82 319.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 332.17 319.00 Td (as ) Tj ET Q q 0 0 0 rg BT 341.52 319.00 Td (a ) Tj ET Q q 0 0 0 rg BT 347.37 319.00 Td (result ) Tj ET Q q 0 0 0 rg BT 369.22 319.00 Td (of ) Tj ET Q q 0 0 0 rg BT 378.57 319.00 Td (nonperformance, ) Tj ET Q q 0 0 0 rg BT 441.65 319.00 Td (total ) Tj ET Q q 0 0 0 rg BT 459.50 319.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 475.36 319.00 Td (of ) Tj ET Q q 0 0 0 rg BT 484.71 319.00 Td (the ) Tj ET Q q 0 0 0 rg BT 497.56 319.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 515.17 319.00 Td (extended ) Tj ET Q q 0 0 0 rg BT 549.51 319.00 Td (periods ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 308.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.42 308.20 Td (downtime ) Tj ET Q q 0 0 0 rg BT 83.34 308.20 Td (or ) Tj ET Q q 0 0 0 rg BT 92.76 308.20 Td (impaired ) Tj ET Q q 0 0 0 rg BT 126.68 308.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 174.07 308.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 200.48 308.20 Td (by ) Tj ET Q q 0 0 0 rg BT 211.41 308.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 251.32 308.20 Td (or ) Tj ET Q q 0 0 0 rg BT 260.75 308.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 303.15 308.20 Td (issues, ) Tj ET Q q 0 0 0 rg BT 328.83 308.20 Td (or ) Tj ET Q q 0 0 0 rg BT 338.25 308.20 Td (sustained ) Tj ET Q q 0 0 0 rg BT 373.67 308.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 402.09 308.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.51 308.20 Td (downtime ) Tj ET Q q 0 0 0 rg BT 449.43 308.20 Td (due ) Tj ET Q q 0 0 0 rg BT 464.35 308.20 Td (to ) Tj ET Q q 0 0 0 rg BT 473.28 308.20 Td (force ) Tj ET Q q 0 0 0 rg BT 493.69 308.20 Td (majeure ) Tj ET Q q 0 0 0 rg BT 524.59 308.20 Td (events ) Tj ET Q q 0 0 0 rg BT 549.51 308.20 Td (beyond ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 297.40 Td (our ) Tj ET Q q 0 0 0 rg BT 49.56 297.40 Td (control. ) Tj ET Q q 0 0 0 rg BT 78.86 297.40 Td (During ) Tj ET Q q 0 0 0 rg BT 105.92 297.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 133.98 297.40 Td (of ) Tj ET Q q 0 0 0 rg BT 143.03 297.40 Td (challenging ) Tj ET Q q 0 0 0 rg BT 186.58 297.40 Td (market ) Tj ET Q q 0 0 0 rg BT 213.13 297.40 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 254.44 297.40 Td (we ) Tj ET Q q 0 0 0 rg BT 266.49 297.40 Td (may ) Tj ET Q q 0 0 0 rg BT 283.55 297.40 Td (be ) Tj ET Q q 0 0 0 rg BT 293.60 297.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 320.66 297.40 Td (to ) Tj ET Q q 0 0 0 rg BT 329.22 297.40 Td (an ) Tj ET Q q 0 0 0 rg BT 339.28 297.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 374.82 297.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 389.88 297.40 Td (of ) Tj ET Q q 0 0 0 rg BT 398.93 297.40 Td (our ) Tj ET Q q 0 0 0 rg BT 412.49 297.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 450.55 297.40 Td (seeking ) Tj ET Q q 0 0 0 rg BT 479.60 297.40 Td (to ) Tj ET Q q 0 0 0 rg BT 488.16 297.40 Td (repudiate ) Tj ET Q q 0 0 0 rg BT 523.20 297.40 Td (their ) Tj ET Q q 0 0 0 rg BT 541.26 297.40 Td (contracts, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 286.60 Td (including ) Tj ET Q q 0 0 0 rg BT 72.24 286.60 Td (through ) Tj ET Q q 0 0 0 rg BT 102.47 286.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 128.21 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.94 286.60 Td (non-performance. ) Tj ET Q q 0 0 0 rg BT 204.40 286.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 220.64 286.60 Td (customers) Tj ET Q q 0 0 0 rg BT 259.46 286.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.70 286.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 286.94 286.60 Td (to ) Tj ET Q q 0 0 0 rg BT 296.18 286.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 327.40 286.60 Td (their ) Tj ET Q q 0 0 0 rg BT 346.14 286.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 388.38 286.60 Td (under ) Tj ET Q q 0 0 0 rg BT 411.11 286.60 Td (their ) Tj ET Q q 0 0 0 rg BT 429.84 286.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 458.58 286.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 493.31 286.60 Td (may ) Tj ET Q q 0 0 0 rg BT 511.04 286.60 Td (also ) Tj ET Q q 0 0 0 rg BT 527.78 286.60 Td (be ) Tj ET Q q 0 0 0 rg BT 538.51 286.60 Td (negatively ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 275.80 Td (impacted ) Tj ET Q q 0 0 0 rg BT 71.58 275.80 Td (by ) Tj ET Q q 0 0 0 rg BT 83.17 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.76 275.80 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 135.84 275.80 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 178.91 275.80 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 225.00 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.59 275.80 Td (development ) Tj ET Q q 0 0 0 rg BT 287.66 275.80 Td (of ) Tj ET Q q 0 0 0 rg BT 297.75 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 311.34 275.80 Td (world ) Tj ET Q q 0 0 0 rg BT 334.93 275.80 Td (economy ) Tj ET Q q 0 0 0 rg BT 370.51 275.80 Td (and ) Tj ET Q q 0 0 0 rg BT 386.10 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 399.68 275.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 422.76 275.80 Td (markets. ) Tj ET Q q 0 0 0 rg BT 456.09 275.80 Td (If ) Tj ET Q q 0 0 0 rg BT 464.68 275.80 Td (a ) Tj ET Q q 0 0 0 rg BT 471.27 275.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 506.85 275.80 Td (cancels ) Tj ET Q q 0 0 0 rg BT 535.92 275.80 Td (its ) Tj ET Q q 0 0 0 rg BT 547.02 275.80 Td (contract ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 265.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.26 265.00 Td (we ) Tj ET Q q 0 0 0 rg BT 64.02 265.00 Td (are ) Tj ET Q q 0 0 0 rg BT 77.27 265.00 Td (unable ) Tj ET Q q 0 0 0 rg BT 103.53 265.00 Td (to ) Tj ET Q q 0 0 0 rg BT 112.79 265.00 Td (secure ) Tj ET Q q 0 0 0 rg BT 138.04 265.00 Td (a ) Tj ET Q q 0 0 0 rg BT 144.30 265.00 Td (new ) Tj ET Q q 0 0 0 rg BT 161.56 265.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 192.81 265.00 Td (on ) Tj ET Q q 0 0 0 rg BT 204.08 265.00 Td (a ) Tj ET Q q 0 0 0 rg BT 210.34 265.00 Td (timely ) Tj ET Q q 0 0 0 rg BT 235.60 265.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 255.86 265.00 Td (and ) Tj ET Q q 0 0 0 rg BT 271.12 265.00 Td (on ) Tj ET Q q 0 0 0 rg BT 282.39 265.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 330.15 265.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 357.41 265.00 Td (terms, ) Tj ET Q q 0 0 0 rg BT 381.92 265.00 Td (or ) Tj ET Q q 0 0 0 rg BT 391.69 265.00 Td (if ) Tj ET Q q 0 0 0 rg BT 399.45 265.00 Td (a ) Tj ET Q q 0 0 0 rg BT 405.71 265.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 436.96 265.00 Td (is ) Tj ET Q q 0 0 0 rg BT 445.23 265.00 Td (suspended ) Tj ET Q q 0 0 0 rg BT 484.99 265.00 Td (for ) Tj ET Q q 0 0 0 rg BT 497.75 265.00 Td (an ) Tj ET Q q 0 0 0 rg BT 508.51 265.00 Td (extended ) Tj ET Q q 0 0 0 rg BT 543.26 265.00 Td (period ) Tj ET Q q 0 0 0 rg BT 568.51 265.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 254.20 Td (time ) Tj ET Q q 0 0 0 rg BT 53.93 254.20 Td (or ) Tj ET Q q 0 0 0 rg BT 63.37 254.20 Td (if ) Tj ET Q q 0 0 0 rg BT 70.80 254.20 Td (a ) Tj ET Q q 0 0 0 rg BT 76.73 254.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 107.65 254.20 Td (is ) Tj ET Q q 0 0 0 rg BT 115.59 254.20 Td (renegotiated ) Tj ET Q q 0 0 0 rg BT 162.00 254.20 Td (on ) Tj ET Q q 0 0 0 rg BT 172.94 254.20 Td (dif) Tj ET Q q 0 0 0 rg BT 182.77 254.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 205.69 254.20 Td (terms, ) Tj ET Q q 0 0 0 rg BT 229.87 254.20 Td (these ) Tj ET Q q 0 0 0 rg BT 250.30 254.20 Td (events ) Tj ET Q q 0 0 0 rg BT 275.23 254.20 Td (could ) Tj ET Q q 0 0 0 rg BT 297.16 254.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 333.58 254.20 Td (af) Tj ET Q q 0 0 0 rg BT 340.41 254.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 355.83 254.20 Td (our ) Tj ET Q q 0 0 0 rg BT 369.76 254.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 404.45 254.20 Td (results ) Tj ET Q q 0 0 0 rg BT 429.89 254.20 Td (of ) Tj ET Q q 0 0 0 rg BT 439.32 254.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.75 254.20 Td (and ) Tj ET Q q 0 0 0 rg BT 493.68 254.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.09 254.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 563.03 254.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 243.40 Td (may ) Tj ET Q q 0 0 0 rg BT 53.11 243.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 78.71 243.40 Td (the ) Tj ET Q q 0 0 0 rg BT 91.32 243.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 119.94 243.40 Td (of ) Tj ET Q q 0 0 0 rg BT 129.05 243.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.66 243.40 Td (we ) Tj ET Q q 0 0 0 rg BT 158.77 243.40 Td (have ) Tj ET Q q 0 0 0 rg BT 177.38 243.40 Td (available ) Tj ET Q q 0 0 0 rg BT 211.47 243.40 Td (to ) Tj ET Q q 0 0 0 rg BT 220.09 243.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 234.70 243.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 271.32 243.40 Td (to ) Tj ET Q q 0 0 0 rg BT 279.94 243.40 Td (our ) Tj ET Q q 0 0 0 rg BT 293.55 243.40 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 342.54 243.40 Td (As ) Tj ET Q q 0 0 0 rg BT 354.16 243.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.28 243.40 Td (March ) Tj ET Q q 0 0 0 rg BT 388.38 243.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 401.25 243.40 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.25 243.40 Td (, ) Tj ET Q q 0 0 0 rg BT 423.12 243.40 Td (we ) Tj ET Q q 0 0 0 rg BT 435.23 243.40 Td (had ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.84 243.40 Td (two) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.34 243.40 Td ( ) Tj ET Q q 0 0 0 rg BT 464.96 243.40 Td (units ) Tj ET Q q 0 0 0 rg BT 484.08 243.40 Td (stacked ) Tj ET Q q 0 0 0 rg BT 512.68 243.40 Td (and ) Tj ET Q q 0 0 0 rg BT 527.29 243.40 Td (uncontracted, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.16 232.60 Td (W) Tj ET Q q 0 0 0 rg BT 55.83 232.60 Td (est ) Tj ET Q q 0 0 0 rg BT 67.99 232.60 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.49 232.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.65 232.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.80 232.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 134.96 232.60 Td (W) Tj ET Q q 0 0 0 rg BT 141.63 232.60 Td (est ) Tj ET Q q 0 0 0 rg BT 153.79 232.60 Td (V) Tj ET Q q 0 0 0 rg BT 158.29 232.60 Td (entur) Tj ET Q q 0 0 0 rg BT 176.95 232.60 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.95 232.60 Td (. ) Tj ET Q q 0 0 0 rg BT 185.36 232.60 Td (For ) Tj ET Q q 0 0 0 rg BT 200.02 232.60 Td (more ) Tj ET Q q 0 0 0 rg BT 220.68 232.60 Td (information ) Tj ET Q q 0 0 0 rg BT 265.33 232.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 301.97 232.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.13 232.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 358.78 232.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 398.44 232.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.10 232.60 Td (our ) Tj ET Q q 0 0 0 rg BT 422.26 232.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 450.92 232.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 487.81 232.60 Td (see ) Tj ET Q q 0 0 0 rg BT 501.47 232.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 524.12 232.60 Td (4. ) Tj ET Q q 0 0 0 rg BT 533.03 232.60 Td (Information ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.80 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 221.80 Td (the ) Tj ET Q q 0 0 0 rg BT 60.50 221.80 Td (Company-B. ) Tj ET Q q 0 0 0 rg BT 108.99 221.80 Td (Business ) Tj ET Q q 0 0 0 rg BT 143.25 221.80 Td (Overview-Drilling ) Tj ET Q q 0 0 0 rg BT 212.48 221.80 Td (Contracts.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 194.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.75 194.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 93.01 194.20 Td (of ) Tj ET Q q 0 0 0 rg BT 102.75 194.20 Td (our ) Tj ET Q q 0 0 0 rg BT 118.01 194.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 147.77 194.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 184.02 194.20 Td (may ) Tj ET Q q 0 0 0 rg BT 201.77 194.20 Td (not ) Tj ET Q q 0 0 0 rg BT 216.02 194.20 Td (permit ) Tj ET Q q 0 0 0 rg BT 242.27 194.20 Td (us ) Tj ET Q q 0 0 0 rg BT 253.03 194.20 Td (to ) Tj ET Q q 0 0 0 rg BT 262.28 194.20 Td (fully ) Tj ET Q q 0 0 0 rg BT 281.53 194.20 Td (recoup ) Tj ET Q q 0 0 0 rg BT 309.27 194.20 Td (our ) Tj ET Q q 0 0 0 rg BT 324.53 194.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 341.28 194.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 378.03 194.20 Td (in ) Tj ET Q q 0 0 0 rg BT 387.78 194.20 Td (the ) Tj ET Q q 0 0 0 rg BT 401.53 194.20 Td (event ) Tj ET Q q 0 0 0 rg BT 423.27 194.20 Td (of ) Tj ET Q q 0 0 0 rg BT 433.02 194.20 Td (a ) Tj ET Q q 0 0 0 rg BT 439.77 194.20 Td (rise ) Tj ET Q q 0 0 0 rg BT 455.52 194.20 Td (in ) Tj ET Q q 0 0 0 rg BT 465.28 194.20 Td (our ) Tj ET Q q 0 0 0 rg BT 480.53 194.20 Td (expenses.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 180.40 Td (The ) Tj ET Q q 0 0 0 rg BT 51.94 180.40 Td (average ) Tj ET Q q 0 0 0 rg BT 81.87 180.40 Td (remaining ) Tj ET Q q 0 0 0 rg BT 120.31 180.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 151.25 180.40 Td (length ) Tj ET Q q 0 0 0 rg BT 175.69 180.40 Td (as ) Tj ET Q q 0 0 0 rg BT 185.14 180.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.59 180.40 Td (March31, ) Tj ET Q q 0 0 0 rg BT 233.53 180.40 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.53 180.40 Td (, ) Tj ET Q q 0 0 0 rg BT 255.74 180.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.68 180.40 Td (four ) Tj ET Q q 0 0 0 rg BT 288.63 180.40 Td (months) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.13 180.40 Td ( ) Tj ET Q q 0 0 0 rg BT 317.09 180.40 Td (for ) Tj ET Q q 0 0 0 rg BT 329.53 180.40 Td (our ) Tj ET Q q 0 0 0 rg BT 343.48 180.40 Td (floaters ) Tj ET Q q 0 0 0 rg BT 372.42 180.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.37 180.40 Td (19 ) Tj ET Q q 0 0 0 rg BT 398.32 180.40 Td (months) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.82 180.40 Td ( ) Tj ET Q q 0 0 0 rg BT 426.77 180.40 Td (for ) Tj ET Q q 0 0 0 rg BT 439.22 180.40 Td (our ) Tj ET Q q 0 0 0 rg BT 453.17 180.40 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 482.11 180.40 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 499.67 180.40 Td (The ) Tj ET Q q 0 0 0 rg BT 515.61 180.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 548.06 180.40 Td (of ) Tj ET Q q 0 0 0 rg BT 557.51 180.40 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 169.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 70.84 169.60 Td (have ) Tj ET Q q 0 0 0 rg BT 90.18 169.60 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 122.52 169.60 Td (that ) Tj ET Q q 0 0 0 rg BT 138.38 169.60 Td (are ) Tj ET Q q 0 0 0 rg BT 151.72 169.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 172.56 169.60 Td (over ) Tj ET Q q 0 0 0 rg BT 190.91 169.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.26 169.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 235.60 169.60 Td (term. ) Tj ET Q q 0 0 0 rg BT 256.70 169.60 Td (In ) Tj ET Q q 0 0 0 rg BT 266.55 169.60 Td (order ) Tj ET Q q 0 0 0 rg BT 287.89 169.60 Td (to ) Tj ET Q q 0 0 0 rg BT 297.25 169.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 329.10 169.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.45 169.60 Td (ef) Tj ET Q q 0 0 0 rg BT 349.28 169.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 368.62 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 378.47 169.60 Td (inflation ) Tj ET Q q 0 0 0 rg BT 411.32 169.60 Td (on ) Tj ET Q q 0 0 0 rg BT 422.68 169.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 457.02 169.60 Td (from ) Tj ET Q q 0 0 0 rg BT 476.87 169.60 Td (term ) Tj ET Q q 0 0 0 rg BT 495.72 169.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 532.81 169.60 Td (some ) Tj ET Q q 0 0 0 rg BT 554.16 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 564.01 169.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 158.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.90 158.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 99.78 158.80 Td (include ) Tj ET Q q 0 0 0 rg BT 128.67 158.80 Td (escalation ) Tj ET Q q 0 0 0 rg BT 167.05 158.80 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 209.03 158.80 Td (These ) Tj ET Q q 0 0 0 rg BT 232.92 158.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 272.82 158.80 Td (allow ) Tj ET Q q 0 0 0 rg BT 295.22 158.80 Td (us ) Tj ET Q q 0 0 0 rg BT 305.62 158.80 Td (to ) Tj ET Q q 0 0 0 rg BT 315.02 158.80 Td (adjust ) Tj ET Q q 0 0 0 rg BT 338.92 158.80 Td (the ) Tj ET Q q 0 0 0 rg BT 352.31 158.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 384.70 158.80 Td (based ) Tj ET Q q 0 0 0 rg BT 407.59 158.80 Td (on ) Tj ET Q q 0 0 0 rg BT 418.99 158.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 445.87 158.80 Td (published ) Tj ET Q q 0 0 0 rg BT 483.26 158.80 Td (indices. ) Tj ET Q q 0 0 0 rg BT 513.23 158.80 Td (These ) Tj ET Q q 0 0 0 rg BT 537.12 158.80 Td (indices ) Tj ET Q q 0 0 0 rg BT 565.01 158.80 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 148.00 Td (designed ) Tj ET Q q 0 0 0 rg BT 69.82 148.00 Td (to ) Tj ET Q q 0 0 0 rg BT 78.65 148.00 Td (recompense ) Tj ET Q q 0 0 0 rg BT 123.46 148.00 Td (us ) Tj ET Q q 0 0 0 rg BT 133.29 148.00 Td (for ) Tj ET Q q 0 0 0 rg BT 145.61 148.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 171.92 148.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 188.24 148.00 Td (increases, ) Tj ET Q q 0 0 0 rg BT 225.30 148.00 Td (including ) Tj ET Q q 0 0 0 rg BT 261.13 148.00 Td (wages, ) Tj ET Q q 0 0 0 rg BT 287.70 148.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 324.01 148.00 Td (and ) Tj ET Q q 0 0 0 rg BT 338.83 148.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 386.13 148.00 Td (costs. ) Tj ET Q q 0 0 0 rg BT 408.21 148.00 Td (However) Tj ET Q q 0 0 0 rg BT 440.84 148.00 Td (, ) Tj ET Q q 0 0 0 rg BT 444.92 148.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 468.23 148.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 484.55 148.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 519.36 148.00 Td (may ) Tj ET Q q 0 0 0 rg BT 536.69 148.00 Td (result ) Tj ET Q q 0 0 0 rg BT 558.51 148.00 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.20 Td (events ) Tj ET Q q 0 0 0 rg BT 60.64 137.20 Td (or ) Tj ET Q q 0 0 0 rg BT 69.79 137.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 108.94 137.20 Td (that ) Tj ET Q q 0 0 0 rg BT 124.09 137.20 Td (do ) Tj ET Q q 0 0 0 rg BT 134.75 137.20 Td (not ) Tj ET Q q 0 0 0 rg BT 147.90 137.20 Td (cause ) Tj ET Q q 0 0 0 rg BT 169.54 137.20 Td (correlative ) Tj ET Q q 0 0 0 rg BT 209.66 137.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 240.30 137.20 Td (to ) Tj ET Q q 0 0 0 rg BT 248.95 137.20 Td (the ) Tj ET Q q 0 0 0 rg BT 261.60 137.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 300.23 137.20 Td (indices. ) Tj ET Q q 0 0 0 rg BT 329.63 137.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 378.52 137.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.65 137.20 Td (indices ) Tj ET Q q 0 0 0 rg BT 431.80 137.20 Td (are ) Tj ET Q q 0 0 0 rg BT 444.44 137.20 Td (updated ) Tj ET Q q 0 0 0 rg BT 474.58 137.20 Td (semi-annually) Tj ET Q q 0 0 0 rg BT 524.98 137.20 Td (, ) Tj ET Q q 0 0 0 rg BT 528.88 137.20 Td (and ) Tj ET Q q 0 0 0 rg BT 543.53 137.20 Td (therefore ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 126.40 Td (may ) Tj ET Q q 0 0 0 rg BT 53.48 126.40 Td (be ) Tj ET Q q 0 0 0 rg BT 63.95 126.40 Td (outdated ) Tj ET Q q 0 0 0 rg BT 96.92 126.40 Td (at ) Tj ET Q q 0 0 0 rg BT 105.40 126.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.38 126.40 Td (time ) Tj ET Q q 0 0 0 rg BT 136.35 126.40 Td (of ) Tj ET Q q 0 0 0 rg BT 145.83 126.40 Td (adjustment. ) Tj ET Q q 0 0 0 rg BT 189.41 126.40 Td (The ) Tj ET Q q 0 0 0 rg BT 205.38 126.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 250.36 126.40 Td (are ) Tj ET Q q 0 0 0 rg BT 263.33 126.40 Td (also ) Tj ET Q q 0 0 0 rg BT 279.81 126.40 Td (typically ) Tj ET Q q 0 0 0 rg BT 313.28 126.40 Td (performed ) Tj ET Q q 0 0 0 rg BT 352.74 126.40 Td (on ) Tj ET Q q 0 0 0 rg BT 363.72 126.40 Td (a ) Tj ET Q q 0 0 0 rg BT 369.70 126.40 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 415.66 126.40 Td (or ) Tj ET Q q 0 0 0 rg BT 425.14 126.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 451.11 126.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 473.34 126.40 Td (For ) Tj ET Q q 0 0 0 rg BT 487.83 126.40 Td (these ) Tj ET Q q 0 0 0 rg BT 508.30 126.40 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 539.52 126.40 Td (the ) Tj ET Q q 0 0 0 rg BT 552.50 126.40 Td (timing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 115.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.13 115.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 80.27 115.60 Td (awarded ) Tj ET Q q 0 0 0 rg BT 112.89 115.60 Td (as ) Tj ET Q q 0 0 0 rg BT 122.52 115.60 Td (a ) Tj ET Q q 0 0 0 rg BT 128.65 115.60 Td (result ) Tj ET Q q 0 0 0 rg BT 150.79 115.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.42 115.60 Td (such ) Tj ET Q q 0 0 0 rg BT 179.06 115.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 224.19 115.60 Td (may ) Tj ET Q q 0 0 0 rg BT 241.82 115.60 Td (dif) Tj ET Q q 0 0 0 rg BT 251.66 115.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 263.79 115.60 Td (from ) Tj ET Q q 0 0 0 rg BT 283.42 115.60 Td (our ) Tj ET Q q 0 0 0 rg BT 297.55 115.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 321.18 115.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 337.81 115.60 Td (increases, ) Tj ET Q q 0 0 0 rg BT 375.18 115.60 Td (which ) Tj ET Q q 0 0 0 rg BT 399.32 115.60 Td (could ) Tj ET Q q 0 0 0 rg BT 421.45 115.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 458.07 115.60 Td (af) Tj ET Q q 0 0 0 rg BT 464.90 115.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.52 115.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.66 115.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.28 115.60 Td (performance.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 88.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.26 88.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 91.01 88.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.27 88.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 157.52 88.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 177.77 88.00 Td (will ) Tj ET Q q 0 0 0 rg BT 193.52 88.00 Td (not ) Tj ET Q q 0 0 0 rg BT 207.78 88.00 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 251.02 88.00 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 286.27 88.00 Td (in ) Tj ET Q q 0 0 0 rg BT 296.02 88.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 337.79 88.00 Td (to ) Tj ET Q q 0 0 0 rg BT 347.04 88.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 379.79 88.00 Td (in ) Tj ET Q q 0 0 0 rg BT 389.54 88.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 427.30 88.00 Td (revenues.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 74.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.11 74.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 88.21 74.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 122.82 74.20 Td (and ) Tj ET Q q 0 0 0 rg BT 137.93 74.20 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 185.52 74.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 205.63 74.20 Td (depend ) Tj ET Q q 0 0 0 rg BT 233.73 74.20 Td (on ) Tj ET Q q 0 0 0 rg BT 244.85 74.20 Td (a ) Tj ET Q q 0 0 0 rg BT 250.96 74.20 Td (variety ) Tj ET Q q 0 0 0 rg BT 278.06 74.20 Td (of ) Tj ET Q q 0 0 0 rg BT 287.67 74.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 314.27 74.20 Td (including ) Tj ET Q q 0 0 0 rg BT 350.38 74.20 Td (crew ) Tj ET Q q 0 0 0 rg BT 369.98 74.20 Td (costs, ) Tj ET Q q 0 0 0 rg BT 392.35 74.20 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 434.22 74.20 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 476.57 74.20 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 515.42 74.20 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 563.01 74.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 63.40 Td (repairs ) Tj ET Q q 0 0 0 rg BT 62.09 63.40 Td (and ) Tj ET Q q 0 0 0 rg BT 76.70 63.40 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 109.30 63.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 131.16 63.40 Td (many ) Tj ET Q q 0 0 0 rg BT 152.76 63.40 Td (of ) Tj ET Q q 0 0 0 rg BT 161.87 63.40 Td (which ) Tj ET Q q 0 0 0 rg BT 185.47 63.40 Td (are ) Tj ET Q q 0 0 0 rg BT 198.07 63.40 Td (beyond ) Tj ET Q q 0 0 0 rg BT 226.17 63.40 Td (our ) Tj ET Q q 0 0 0 rg BT 239.77 63.40 Td (control ) Tj ET Q q 0 0 0 rg BT 266.88 63.40 Td (and ) Tj ET Q q 0 0 0 rg BT 281.48 63.40 Td (af) Tj ET Q q 0 0 0 rg BT 288.31 63.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 303.40 63.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.01 63.40 Td (entire ) Tj ET Q q 0 0 0 rg BT 338.10 63.40 Td (of) Tj ET Q q 0 0 0 rg BT 345.44 63.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 369.54 63.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 397.64 63.40 Td (industry) Tj ET Q q 0 0 0 rg BT 426.56 63.40 Td (. ) Tj ET Q q 0 0 0 rg BT 430.42 63.40 Td (During ) Tj ET Q q 0 0 0 rg BT 457.52 63.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 485.63 63.40 Td (after ) Tj ET Q q 0 0 0 rg BT 503.72 63.40 Td (which ) Tj ET Q q 0 0 0 rg BT 527.32 63.40 Td (a ) Tj ET Q q 0 0 0 rg BT 532.92 63.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 544.53 63.40 Td (becomes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 52.60 Td (idle, ) Tj ET Q q 0 0 0 rg BT 53.93 52.60 Td (we ) Tj ET Q q 0 0 0 rg BT 66.61 52.60 Td (may ) Tj ET Q q 0 0 0 rg BT 84.28 52.60 Td (decide ) Tj ET Q q 0 0 0 rg BT 109.95 52.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.14 52.60 Td (warm ) Tj ET Q q 0 0 0 rg BT 145.80 52.60 Td (stack ) Tj ET Q q 0 0 0 rg BT 170.47 52.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.65 52.60 Td (rig, ) Tj ET Q q 0 0 0 rg BT 198.08 52.60 Td (which ) Tj ET Q q 0 0 0 rg BT 222.26 52.60 Td (means ) Tj ET Q q 0 0 0 rg BT 247.44 52.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.61 52.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 272.80 52.60 Td (is ) Tj ET Q q 0 0 0 rg BT 280.98 52.60 Td (kept ) Tj ET Q q 0 0 0 rg BT 298.66 52.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 317.84 52.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 360.51 52.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.68 52.60 Td (ready ) Tj ET Q q 0 0 0 rg BT 397.85 52.60 Td (for ) Tj ET Q q 0 0 0 rg BT 410.53 52.60 Td (redeployment, ) Tj ET Q q 0 0 0 rg BT 464.45 52.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.62 52.60 Td (maintains ) Tj ET Q q 0 0 0 rg BT 516.80 52.60 Td (most ) Tj ET Q q 0 0 0 rg BT 536.49 52.60 Td (of ) Tj ET Q q 0 0 0 rg BT 546.17 52.60 Td (its ) Tj ET Q q 0 0 0 rg BT 556.85 52.60 Td (crew) Tj ET Q q 0 0 0 rg BT 573.76 52.60 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 41.80 Td (As ) Tj ET Q q 0 0 0 rg BT 48.23 41.80 Td (a ) Tj ET Q q 0 0 0 rg BT 54.45 41.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 78.93 41.80 Td (our ) Tj ET Q q 0 0 0 rg BT 93.15 41.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.37 41.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 164.08 41.80 Td (during ) Tj ET Q q 0 0 0 rg BT 189.81 41.80 Td (a ) Tj ET Q q 0 0 0 rg BT 196.03 41.80 Td (warm ) Tj ET Q q 0 0 0 rg BT 218.75 41.80 Td (stacking ) Tj ET Q q 0 0 0 rg BT 250.97 41.80 Td (will ) Tj ET Q q 0 0 0 rg BT 267.20 41.80 Td (not ) Tj ET Q q 0 0 0 rg BT 280.93 41.80 Td (be ) Tj ET Q q 0 0 0 rg BT 291.65 41.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 339.38 41.80 Td (dif) Tj ET Q q 0 0 0 rg BT 349.21 41.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 372.42 41.80 Td (than ) Tj ET Q q 0 0 0 rg BT 390.15 41.80 Td (those ) Tj ET Q q 0 0 0 rg BT 411.37 41.80 Td (we ) Tj ET Q q 0 0 0 rg BT 424.09 41.80 Td (would ) Tj ET Q q 0 0 0 rg BT 448.82 41.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 469.54 41.80 Td (if ) Tj ET Q q 0 0 0 rg BT 477.27 41.80 Td (the ) Tj ET Q q 0 0 0 rg BT 490.49 41.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 502.72 41.80 Td (remained ) Tj ET Q q 0 0 0 rg BT 538.43 41.80 Td (active. ) Tj ET Q q 0 0 0 rg BT 564.23 41.80 Td (W) Tj ET Q q 0 0 0 rg BT 572.00 41.80 Td (e ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (may ) Tj ET Q q 0 0 0 rg BT 53.87 749.80 Td (also ) Tj ET Q q 0 0 0 rg BT 70.74 749.80 Td (decide ) Tj ET Q q 0 0 0 rg BT 96.60 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 105.97 749.80 Td (cold ) Tj ET Q q 0 0 0 rg BT 127.84 749.80 Td (stack ) Tj ET Q q 0 0 0 rg BT 152.70 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.07 749.80 Td (rig, ) Tj ET Q q 0 0 0 rg BT 180.69 749.80 Td (which ) Tj ET Q q 0 0 0 rg BT 205.06 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 218.43 749.80 Td (means ) Tj ET Q q 0 0 0 rg BT 243.79 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 257.16 749.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 269.53 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 277.91 749.80 Td (stored ) Tj ET Q q 0 0 0 rg BT 302.28 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 311.65 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 318.02 749.80 Td (harbor) Tj ET Q q 0 0 0 rg BT 341.15 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 345.77 749.80 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 379.14 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 389.01 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 395.38 749.80 Td (designated ) Tj ET Q q 0 0 0 rg BT 436.24 749.80 Td (of) Tj ET Q q 0 0 0 rg BT 443.58 749.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 468.44 749.80 Td (area, ) Tj ET Q q 0 0 0 rg BT 488.05 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 503.42 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.79 749.80 Td (crew ) Tj ET Q q 0 0 0 rg BT 536.65 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 545.02 749.80 Td (assigned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 44.96 739.00 Td (an ) Tj ET Q q 0 0 0 rg BT 55.41 739.00 Td (active ) Tj ET Q q 0 0 0 rg BT 78.85 739.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 90.80 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 100.25 739.00 Td (dismissed. ) Tj ET Q q 0 0 0 rg BT 139.96 739.00 Td (However) Tj ET Q q 0 0 0 rg BT 172.59 739.00 Td (, ) Tj ET Q q 0 0 0 rg BT 176.79 739.00 Td (reductions ) Tj ET Q q 0 0 0 rg BT 216.24 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 225.19 739.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 245.15 739.00 Td (following ) Tj ET Q q 0 0 0 rg BT 282.10 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.05 739.00 Td (decision ) Tj ET Q q 0 0 0 rg BT 327.00 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 335.96 739.00 Td (cold ) Tj ET Q q 0 0 0 rg BT 353.41 739.00 Td (stack ) Tj ET Q q 0 0 0 rg BT 373.86 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 379.81 739.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 391.76 739.00 Td (may ) Tj ET Q q 0 0 0 rg BT 409.21 739.00 Td (not ) Tj ET Q q 0 0 0 rg BT 422.67 739.00 Td (be ) Tj ET Q q 0 0 0 rg BT 433.12 739.00 Td (immediate, ) Tj ET Q q 0 0 0 rg BT 475.31 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 484.76 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 490.71 739.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 518.66 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 528.12 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 541.07 739.00 Td (crew ) Tj ET Q q 0 0 0 rg BT 560.51 739.00 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (be ) Tj ET Q q 0 0 0 rg BT 46.54 728.20 Td (required ) Tj ET Q q 0 0 0 rg BT 78.57 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 87.62 728.20 Td (prepare ) Tj ET Q q 0 0 0 rg BT 116.64 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.69 728.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 141.73 728.20 Td (for ) Tj ET Q q 0 0 0 rg BT 154.27 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 172.82 728.20 Td (storage. ) Tj ET Q q 0 0 0 rg BT 203.10 728.20 Td (Moreover) Tj ET Q q 0 0 0 rg BT 238.23 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 242.52 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 252.07 728.20 Td (our ) Tj ET Q q 0 0 0 rg BT 266.11 728.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 294.66 728.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 310.21 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 323.24 728.20 Td (mobilized ) Tj ET Q q 0 0 0 rg BT 361.28 728.20 Td (from ) Tj ET Q q 0 0 0 rg BT 380.82 728.20 Td (one ) Tj ET Q q 0 0 0 rg BT 395.86 728.20 Td (geographic ) Tj ET Q q 0 0 0 rg BT 437.89 728.20 Td (location ) Tj ET Q q 0 0 0 rg BT 468.93 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 477.97 728.20 Td (another) Tj ET Q q 0 0 0 rg BT 504.60 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 508.90 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 521.94 728.20 Td (labor ) Tj ET Q q 0 0 0 rg BT 542.48 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 557.52 728.20 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 72.99 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 88.98 717.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 137.46 717.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 158.46 717.40 Td (can ) Tj ET Q q 0 0 0 rg BT 173.95 717.40 Td (vary ) Tj ET Q q 0 0 0 rg BT 192.94 717.40 Td (significantly) Tj ET Q q 0 0 0 rg BT 237.35 717.40 Td (. ) Tj ET Q q 0 0 0 rg BT 242.60 717.40 Td (Operating ) Tj ET Q q 0 0 0 rg BT 281.58 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 297.58 717.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 346.06 717.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 367.06 717.40 Td (will ) Tj ET Q q 0 0 0 rg BT 384.06 717.40 Td (not ) Tj ET Q q 0 0 0 rg BT 398.56 717.40 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 441.54 717.40 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 476.02 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 486.02 717.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 527.02 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 537.02 717.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 569.01 717.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 72.99 706.60 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 110.23 706.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 149.22 706.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 184.21 706.60 Td (may ) Tj ET Q q 0 0 0 rg BT 202.71 706.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 237.19 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 247.69 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 254.69 706.60 Td (function ) Tj ET Q q 0 0 0 rg BT 287.69 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.19 706.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 330.18 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 340.18 706.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 367.19 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 377.69 706.60 Td (of) Tj ET Q q 0 0 0 rg BT 385.03 706.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 410.52 706.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 440.02 706.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 456.53 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.53 706.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 504.02 706.60 Td (for ) Tj ET Q q 0 0 0 rg BT 517.52 706.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 549.50 706.60 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 69.05 695.80 Td (which ) Tj ET Q q 0 0 0 rg BT 92.87 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 101.68 695.80 Td (turn, ) Tj ET Q q 0 0 0 rg BT 120.25 695.80 Td (af) Tj ET Q q 0 0 0 rg BT 127.08 695.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 142.38 695.80 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 176.43 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 191.25 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 204.06 695.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 240.86 695.80 Td (utilization ) Tj ET Q q 0 0 0 rg BT 279.17 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 293.98 695.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.27 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 350.58 695.80 Td (our ) Tj ET Q q 0 0 0 rg BT 364.40 695.80 Td (fleet ) Tj ET Q q 0 0 0 rg BT 382.20 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 391.52 695.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 419.83 695.80 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 437.40 695.80 Td (However) Tj ET Q q 0 0 0 rg BT 470.03 695.80 Td (, ) Tj ET Q q 0 0 0 rg BT 474.09 695.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.90 695.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.72 695.80 Td (are ) Tj ET Q q 0 0 0 rg BT 542.52 695.80 Td (generally ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (related ) Tj ET Q q 0 0 0 rg BT 62.37 685.00 Td (to ) Tj ET Q q 0 0 0 rg BT 71.26 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 84.15 685.00 Td (number ) Tj ET Q q 0 0 0 rg BT 113.53 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 122.92 685.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 151.31 685.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 166.70 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 175.59 685.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 211.47 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.35 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 239.24 685.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 255.63 685.00 Td (level ) Tj ET Q q 0 0 0 rg BT 275.01 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 283.90 685.00 Td (each ) Tj ET Q q 0 0 0 rg BT 302.27 685.00 Td (country ) Tj ET Q q 0 0 0 rg BT 331.66 685.00 Td (or ) Tj ET Q q 0 0 0 rg BT 341.05 685.00 Td (region ) Tj ET Q q 0 0 0 rg BT 365.93 685.00 Td (where ) Tj ET Q q 0 0 0 rg BT 389.80 685.00 Td (such ) Tj ET Q q 0 0 0 rg BT 408.19 685.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 436.58 685.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 451.97 685.00 Td (are ) Tj ET Q q 0 0 0 rg BT 464.85 685.00 Td (located. ) Tj ET Q q 0 0 0 rg BT 494.98 685.00 Td (In ) Tj ET Q q 0 0 0 rg BT 504.36 685.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 538.00 685.00 Td (equipment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 83.28 674.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 103.08 674.20 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 136.36 674.20 Td (depending ) Tj ET Q q 0 0 0 rg BT 175.65 674.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 195.45 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 208.25 674.20 Td (type ) Tj ET Q q 0 0 0 rg BT 225.54 674.20 Td (of ) Tj ET Q q 0 0 0 rg BT 234.84 674.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 263.63 674.20 Td (that ) Tj ET Q q 0 0 0 rg BT 278.93 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.72 674.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 320.02 674.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 331.82 674.20 Td (is ) Tj ET Q q 0 0 0 rg BT 339.63 674.20 Td (performing ) Tj ET Q q 0 0 0 rg BT 381.91 674.20 Td (and ) Tj ET Q q 0 0 0 rg BT 396.71 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.51 674.20 Td (age ) Tj ET Q q 0 0 0 rg BT 423.80 674.20 Td (and ) Tj ET Q q 0 0 0 rg BT 438.59 674.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 474.39 674.20 Td (of ) Tj ET Q q 0 0 0 rg BT 483.69 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 496.48 674.20 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 538.52 674.20 Td (Escalation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 663.40 Td (provisions ) Tj ET Q q 0 0 0 rg BT 74.90 663.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 111.28 663.40 Td (in ) Tj ET Q q 0 0 0 rg BT 119.68 663.40 Td (our ) Tj ET Q q 0 0 0 rg BT 133.07 663.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 160.97 663.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 194.85 663.40 Td (may ) Tj ET Q q 0 0 0 rg BT 211.74 663.40 Td (not ) Tj ET Q q 0 0 0 rg BT 224.64 663.40 Td (be ) Tj ET Q q 0 0 0 rg BT 234.53 663.40 Td (adequate ) Tj ET Q q 0 0 0 rg BT 267.90 663.40 Td (to ) Tj ET Q q 0 0 0 rg BT 276.30 663.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 323.19 663.40 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 354.08 663.40 Td (these ) Tj ET Q q 0 0 0 rg BT 373.97 663.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 409.34 663.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 444.73 663.40 Td (and ) Tj ET Q q 0 0 0 rg BT 459.12 663.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 505.99 663.40 Td (costs. ) Tj ET Q q 0 0 0 rg BT 527.64 663.40 Td (In ) Tj ET Q q 0 0 0 rg BT 536.53 663.40 Td (connection ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 652.60 Td (with ) Tj ET Q q 0 0 0 rg BT 54.06 652.60 Td (new ) Tj ET Q q 0 0 0 rg BT 71.11 652.60 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 119.42 652.60 Td (we ) Tj ET Q q 0 0 0 rg BT 131.97 652.60 Td (might ) Tj ET Q q 0 0 0 rg BT 155.03 652.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 175.58 652.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 210.12 652.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 239.67 652.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.73 652.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 291.76 652.60 Td (for ) Tj ET Q q 0 0 0 rg BT 304.31 652.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.86 652.60 Td (under ) Tj ET Q q 0 0 0 rg BT 366.41 652.60 Td (a ) Tj ET Q q 0 0 0 rg BT 372.46 652.60 Td (new ) Tj ET Q q 0 0 0 rg BT 389.52 652.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 422.66 652.60 Td (The ) Tj ET Q q 0 0 0 rg BT 438.71 652.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 473.25 652.60 Td (may ) Tj ET Q q 0 0 0 rg BT 490.81 652.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 508.85 652.60 Td (based ) Tj ET Q q 0 0 0 rg BT 531.40 652.60 Td (on ) Tj ET Q q 0 0 0 rg BT 542.46 652.60 Td (the ) Tj ET Q q 0 0 0 rg BT 555.51 652.60 Td (scope ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 641.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.04 641.80 Td (length ) Tj ET Q q 0 0 0 rg BT 75.58 641.80 Td (of ) Tj ET Q q 0 0 0 rg BT 85.12 641.80 Td (such ) Tj ET Q q 0 0 0 rg BT 103.66 641.80 Td (required ) Tj ET Q q 0 0 0 rg BT 135.69 641.80 Td (preparations ) Tj ET Q q 0 0 0 rg BT 182.21 641.80 Td (and ) Tj ET Q q 0 0 0 rg BT 197.25 641.80 Td (the ) Tj ET Q q 0 0 0 rg BT 210.29 641.80 Td (duration ) Tj ET Q q 0 0 0 rg BT 242.32 641.80 Td (of ) Tj ET Q q 0 0 0 rg BT 251.86 641.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.90 641.80 Td (contractual ) Tj ET Q q 0 0 0 rg BT 306.92 641.80 Td (period ) Tj ET Q q 0 0 0 rg BT 331.96 641.80 Td (over ) Tj ET Q q 0 0 0 rg BT 349.99 641.80 Td (which ) Tj ET Q q 0 0 0 rg BT 374.03 641.80 Td (such ) Tj ET Q q 0 0 0 rg BT 392.57 641.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 440.60 641.80 Td (are ) Tj ET Q q 0 0 0 rg BT 453.63 641.80 Td (amortized. ) Tj ET Q q 0 0 0 rg BT 493.91 641.80 Td (In ) Tj ET Q q 0 0 0 rg BT 503.45 641.80 Td (situations ) Tj ET Q q 0 0 0 rg BT 539.99 641.80 Td (where ) Tj ET Q q 0 0 0 rg BT 564.02 641.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 631.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.99 631.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 80.99 631.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 101.98 631.00 Td (idle ) Tj ET Q q 0 0 0 rg BT 117.97 631.00 Td (time ) Tj ET Q q 0 0 0 rg BT 136.46 631.00 Td (between ) Tj ET Q q 0 0 0 rg BT 168.94 631.00 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 217.68 631.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.17 631.00 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 275.66 631.00 Td (to ) Tj ET Q q 0 0 0 rg BT 285.16 631.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 311.64 631.00 Td (the ) Tj ET Q q 0 0 0 rg BT 325.13 631.00 Td (size ) Tj ET Q q 0 0 0 rg BT 341.61 631.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.61 631.00 Td (our ) Tj ET Q q 0 0 0 rg BT 366.10 631.00 Td (crews ) Tj ET Q q 0 0 0 rg BT 389.58 631.00 Td (on ) Tj ET Q q 0 0 0 rg BT 401.08 631.00 Td (those ) Tj ET Q q 0 0 0 rg BT 422.57 631.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 451.56 631.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 467.56 631.00 Td (is ) Tj ET Q q 0 0 0 rg BT 476.06 631.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 504.05 631.00 Td (as ) Tj ET Q q 0 0 0 rg BT 514.04 631.00 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 631.00 Td (crews ) Tj ET Q q 0 0 0 rg BT 551.01 631.00 Td (will ) Tj ET Q q 0 0 0 rg BT 567.51 631.00 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 620.20 Td (engaged ) Tj ET Q q 0 0 0 rg BT 68.64 620.20 Td (in ) Tj ET Q q 0 0 0 rg BT 78.29 620.20 Td (preparing ) Tj ET Q q 0 0 0 rg BT 115.43 620.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.08 620.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 158.23 620.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 170.89 620.20 Td (for ) Tj ET Q q 0 0 0 rg BT 184.03 620.20 Td (its ) Tj ET Q q 0 0 0 rg BT 195.19 620.20 Td (next ) Tj ET Q q 0 0 0 rg BT 213.34 620.20 Td (contract. ) Tj ET Q q 0 0 0 rg BT 247.04 620.20 Td (When ) Tj ET Q q 0 0 0 rg BT 271.18 620.20 Td (a ) Tj ET Q q 0 0 0 rg BT 277.83 620.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 306.98 620.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 319.63 620.20 Td (faces ) Tj ET Q q 0 0 0 rg BT 340.77 620.20 Td (longer ) Tj ET Q q 0 0 0 rg BT 366.42 620.20 Td (idle ) Tj ET Q q 0 0 0 rg BT 382.57 620.20 Td (periods, ) Tj ET Q q 0 0 0 rg BT 413.97 620.20 Td (reductions ) Tj ET Q q 0 0 0 rg BT 454.11 620.20 Td (in ) Tj ET Q q 0 0 0 rg BT 463.77 620.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 484.42 620.20 Td (may ) Tj ET Q q 0 0 0 rg BT 502.57 620.20 Td (not ) Tj ET Q q 0 0 0 rg BT 516.72 620.20 Td (be ) Tj ET Q q 0 0 0 rg BT 527.87 620.20 Td (immediate ) Tj ET Q q 0 0 0 rg BT 568.51 620.20 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 609.40 Td (some ) Tj ET Q q 0 0 0 rg BT 57.30 609.40 Td (of ) Tj ET Q q 0 0 0 rg BT 67.10 609.40 Td (the ) Tj ET Q q 0 0 0 rg BT 80.41 609.40 Td (crew ) Tj ET Q q 0 0 0 rg BT 100.20 609.40 Td (may ) Tj ET Q q 0 0 0 rg BT 118.00 609.40 Td (be ) Tj ET Q q 0 0 0 rg BT 128.80 609.40 Td (required ) Tj ET Q q 0 0 0 rg BT 161.09 609.40 Td (to ) Tj ET Q q 0 0 0 rg BT 170.39 609.40 Td (prepare ) Tj ET Q q 0 0 0 rg BT 199.67 609.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 228.48 609.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 244.28 609.40 Td (for ) Tj ET Q q 0 0 0 rg BT 257.08 609.40 Td (stacking ) Tj ET Q q 0 0 0 rg BT 289.38 609.40 Td (and ) Tj ET Q q 0 0 0 rg BT 304.68 609.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 352.46 609.40 Td (in ) Tj ET Q q 0 0 0 rg BT 361.77 609.40 Td (the ) Tj ET Q q 0 0 0 rg BT 375.07 609.40 Td (stacking ) Tj ET Q q 0 0 0 rg BT 407.36 609.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 434.91 609.40 Td (Should ) Tj ET Q q 0 0 0 rg BT 462.72 609.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 491.53 609.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 507.33 609.40 Td (be ) Tj ET Q q 0 0 0 rg BT 518.13 609.40 Td (idle ) Tj ET Q q 0 0 0 rg BT 533.93 609.40 Td (for ) Tj ET Q q 0 0 0 rg BT 546.73 609.40 Td (a ) Tj ET Q q 0 0 0 rg BT 553.03 609.40 Td (longer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 598.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 63.38 598.60 Td (we ) Tj ET Q q 0 0 0 rg BT 76.02 598.60 Td (may ) Tj ET Q q 0 0 0 rg BT 93.66 598.60 Td (not ) Tj ET Q q 0 0 0 rg BT 107.30 598.60 Td (be ) Tj ET Q q 0 0 0 rg BT 117.94 598.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 157.07 598.60 Td (in ) Tj ET Q q 0 0 0 rg BT 166.21 598.60 Td (redeploying ) Tj ET Q q 0 0 0 rg BT 211.34 598.60 Td (crew ) Tj ET Q q 0 0 0 rg BT 230.97 598.60 Td (members, ) Tj ET Q q 0 0 0 rg BT 268.35 598.60 Td (who ) Tj ET Q q 0 0 0 rg BT 286.00 598.60 Td (are ) Tj ET Q q 0 0 0 rg BT 299.13 598.60 Td (not ) Tj ET Q q 0 0 0 rg BT 312.77 598.60 Td (required ) Tj ET Q q 0 0 0 rg BT 344.90 598.60 Td (to ) Tj ET Q q 0 0 0 rg BT 354.04 598.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 387.67 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.81 598.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 429.45 598.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 447.34 598.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.48 598.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 497.10 598.60 Td (may ) Tj ET Q q 0 0 0 rg BT 514.74 598.60 Td (not ) Tj ET Q q 0 0 0 rg BT 528.38 598.60 Td (be ) Tj ET Q q 0 0 0 rg BT 539.02 598.60 Td (successful ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 587.80 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 587.80 Td (reducing ) Tj ET Q q 0 0 0 rg BT 78.99 587.80 Td (our ) Tj ET Q q 0 0 0 rg BT 93.23 587.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 113.48 587.80 Td (in ) Tj ET Q q 0 0 0 rg BT 122.73 587.80 Td (such ) Tj ET Q q 0 0 0 rg BT 141.48 587.80 Td (cases.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 560.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.42 560.20 Td (future ) Tj ET Q q 0 0 0 rg BT 78.85 560.20 Td (business ) Tj ET Q q 0 0 0 rg BT 112.78 560.20 Td (depends ) Tj ET Q q 0 0 0 rg BT 145.19 560.20 Td (on ) Tj ET Q q 0 0 0 rg BT 157.11 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 171.03 560.20 Td (level ) Tj ET Q q 0 0 0 rg BT 190.43 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 200.35 560.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 212.26 560.20 Td (and ) Tj ET Q q 0 0 0 rg BT 228.69 560.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 243.61 560.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 272.51 560.20 Td (in ) Tj ET Q q 0 0 0 rg BT 282.43 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 296.35 560.20 Td (North ) Tj ET Q q 0 0 0 rg BT 320.42 560.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 352.34 560.20 Td (Region ) Tj ET Q q 0 0 0 rg BT 381.26 560.20 Td (and ) Tj ET Q q 0 0 0 rg BT 397.68 560.20 Td (our ) Tj ET Q q 0 0 0 rg BT 413.10 560.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 438.52 560.20 Td (to ) Tj ET Q q 0 0 0 rg BT 447.94 560.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 477.85 560.20 Td (outside ) Tj ET Q q 0 0 0 rg BT 506.77 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 516.68 560.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 548.10 560.20 Td (and ) Tj ET Q q 0 0 0 rg BT 564.52 560.20 Td (the ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 549.40 Td (United ) Tj ET Q q 0 0 0 rg BT 63.25 549.40 Td (Kingdom.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 535.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.48 535.60 Td (future ) Tj ET Q q 0 0 0 rg BT 76.46 535.60 Td (business ) Tj ET Q q 0 0 0 rg BT 109.45 535.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 141.43 535.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 188.91 535.60 Td (on ) Tj ET Q q 0 0 0 rg BT 200.40 535.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.88 535.60 Td (future ) Tj ET Q q 0 0 0 rg BT 237.85 535.60 Td (level ) Tj ET Q q 0 0 0 rg BT 257.83 535.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.82 535.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.80 535.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.29 535.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 309.77 535.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 339.25 535.60 Td (in ) Tj ET Q q 0 0 0 rg BT 348.74 535.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.22 535.60 Td (North ) Tj ET Q q 0 0 0 rg BT 385.15 535.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 416.63 535.60 Td (Region ) Tj ET Q q 0 0 0 rg BT 445.12 535.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.60 535.60 Td (our ) Tj ET Q q 0 0 0 rg BT 475.08 535.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 500.57 535.60 Td (to ) Tj ET Q q 0 0 0 rg BT 510.06 535.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 538.53 535.60 Td (into ) Tj ET Q q 0 0 0 rg BT 555.02 535.60 Td (North ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 524.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 66.94 524.80 Td (Region ) Tj ET Q q 0 0 0 rg BT 94.88 524.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 125.32 524.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 153.26 524.80 Td (Norway ) Tj ET Q q 0 0 0 rg BT 184.20 524.80 Td (and ) Tj ET Q q 0 0 0 rg BT 199.14 524.80 Td (the ) Tj ET Q q 0 0 0 rg BT 212.08 524.80 Td (United ) Tj ET Q q 0 0 0 rg BT 238.52 524.80 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 276.71 524.80 Td (Expansion ) Tj ET Q q 0 0 0 rg BT 316.66 524.80 Td (of ) Tj ET Q q 0 0 0 rg BT 326.10 524.80 Td (our ) Tj ET Q q 0 0 0 rg BT 340.04 524.80 Td (business ) Tj ET Q q 0 0 0 rg BT 372.49 524.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 400.43 524.80 Td (Norway ) Tj ET Q q 0 0 0 rg BT 431.37 524.80 Td (and ) Tj ET Q q 0 0 0 rg BT 446.31 524.80 Td (the ) Tj ET Q q 0 0 0 rg BT 459.25 524.80 Td (United ) Tj ET Q q 0 0 0 rg BT 485.69 524.80 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 521.64 524.80 Td (depends ) Tj ET Q q 0 0 0 rg BT 553.08 524.80 Td (on ) Tj ET Q q 0 0 0 rg BT 564.02 524.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 61.14 514.00 Td (to ) Tj ET Q q 0 0 0 rg BT 70.29 514.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 98.92 514.00 Td (in ) Tj ET Q q 0 0 0 rg BT 108.07 514.00 Td (other ) Tj ET Q q 0 0 0 rg BT 128.71 514.00 Td (areas ) Tj ET Q q 0 0 0 rg BT 149.34 514.00 Td (of ) Tj ET Q q 0 0 0 rg BT 158.99 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.13 514.00 Td (North ) Tj ET Q q 0 0 0 rg BT 194.80 514.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 225.94 514.00 Td (Region. ) Tj ET Q q 0 0 0 rg BT 255.86 514.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 273.51 514.00 Td (such ) Tj ET Q q 0 0 0 rg BT 292.15 514.00 Td (expansion ) Tj ET Q q 0 0 0 rg BT 330.79 514.00 Td (may ) Tj ET Q q 0 0 0 rg BT 348.44 514.00 Td (be ) Tj ET Q q 0 0 0 rg BT 359.08 514.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 395.71 514.00 Td (af) Tj ET Q q 0 0 0 rg BT 402.54 514.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 426.67 514.00 Td (by ) Tj ET Q q 0 0 0 rg BT 437.82 514.00 Td (local ) Tj ET Q q 0 0 0 rg BT 457.46 514.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 499.59 514.00 Td (requiring ) Tj ET Q q 0 0 0 rg BT 534.73 514.00 Td (us ) Tj ET Q q 0 0 0 rg BT 544.88 514.00 Td (to ) Tj ET Q q 0 0 0 rg BT 554.03 514.00 Td (award ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 503.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 70.60 503.20 Td (to ) Tj ET Q q 0 0 0 rg BT 79.73 503.20 Td (local ) Tj ET Q q 0 0 0 rg BT 99.34 503.20 Td (operators ) Tj ET Q q 0 0 0 rg BT 134.94 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 150.06 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.17 503.20 Td (number ) Tj ET Q q 0 0 0 rg BT 192.79 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 207.90 503.20 Td (location ) Tj ET Q q 0 0 0 rg BT 239.01 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 248.63 503.20 Td (new ) Tj ET Q q 0 0 0 rg BT 265.75 503.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 294.37 503.20 Td (concessions ) Tj ET Q q 0 0 0 rg BT 339.48 503.20 Td (granted ) Tj ET Q q 0 0 0 rg BT 368.59 503.20 Td (by ) Tj ET Q q 0 0 0 rg BT 379.71 503.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 407.82 503.20 Td (governments. ) Tj ET Q q 0 0 0 rg BT 458.68 503.20 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 503.79 503.20 Td (or ) Tj ET Q q 0 0 0 rg BT 513.41 503.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 562.51 503.20 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 492.40 Td (may ) Tj ET Q q 0 0 0 rg BT 53.59 492.40 Td (be ) Tj ET Q q 0 0 0 rg BT 64.18 492.40 Td (imposed ) Tj ET Q q 0 0 0 rg BT 96.77 492.40 Td (in ) Tj ET Q q 0 0 0 rg BT 105.87 492.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.95 492.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 154.04 492.40 Td (in ) Tj ET Q q 0 0 0 rg BT 163.13 492.40 Td (which ) Tj ET Q q 0 0 0 rg BT 187.22 492.40 Td (we ) Tj ET Q q 0 0 0 rg BT 199.81 492.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 228.39 492.40 Td (could ) Tj ET Q q 0 0 0 rg BT 250.48 492.40 Td (have ) Tj ET Q q 0 0 0 rg BT 269.56 492.40 Td (a ) Tj ET Q q 0 0 0 rg BT 275.65 492.40 Td (material ) Tj ET Q q 0 0 0 rg BT 307.23 492.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 336.80 492.40 Td (ef) Tj ET Q q 0 0 0 rg BT 343.63 492.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 359.21 492.40 Td (on ) Tj ET Q q 0 0 0 rg BT 370.31 492.40 Td (our ) Tj ET Q q 0 0 0 rg BT 384.40 492.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.98 492.40 Td (position, ) Tj ET Q q 0 0 0 rg BT 451.32 492.40 Td (results ) Tj ET Q q 0 0 0 rg BT 476.92 492.40 Td (of ) Tj ET Q q 0 0 0 rg BT 486.51 492.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 526.09 492.40 Td (or ) Tj ET Q q 0 0 0 rg BT 535.68 492.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 553.77 492.40 Td (flows. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 481.60 Td (If ) Tj ET Q q 0 0 0 rg BT 43.91 481.60 Td (we ) Tj ET Q q 0 0 0 rg BT 56.31 481.60 Td (are ) Tj ET Q q 0 0 0 rg BT 69.21 481.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 95.11 481.60 Td (to ) Tj ET Q q 0 0 0 rg BT 104.02 481.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 131.92 481.60 Td (our ) Tj ET Q q 0 0 0 rg BT 145.83 481.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.23 481.60 Td (within ) Tj ET Q q 0 0 0 rg BT 210.15 481.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.05 481.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 264.95 481.60 Td (area ) Tj ET Q q 0 0 0 rg BT 281.84 481.60 Td (where ) Tj ET Q q 0 0 0 rg BT 305.74 481.60 Td (we ) Tj ET Q q 0 0 0 rg BT 318.14 481.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 352.54 481.60 Td (operate, ) Tj ET Q q 0 0 0 rg BT 383.18 481.60 Td (or ) Tj ET Q q 0 0 0 rg BT 392.59 481.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 410.00 481.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.39 481.60 Td (in ) Tj ET Q q 0 0 0 rg BT 453.30 481.60 Td (the ) Tj ET Q q 0 0 0 rg BT 466.21 481.60 Td (North ) Tj ET Q q 0 0 0 rg BT 488.70 481.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 519.60 481.60 Td (Region ) Tj ET Q q 0 0 0 rg BT 547.51 481.60 Td (markets ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 470.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 64.25 470.80 Td (of ) Tj ET Q q 0 0 0 rg BT 74.00 470.80 Td (Norway ) Tj ET Q q 0 0 0 rg BT 105.24 470.80 Td (and ) Tj ET Q q 0 0 0 rg BT 120.48 470.80 Td (the ) Tj ET Q q 0 0 0 rg BT 133.73 470.80 Td (United ) Tj ET Q q 0 0 0 rg BT 160.47 470.80 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 198.97 470.80 Td (our ) Tj ET Q q 0 0 0 rg BT 213.22 470.80 Td (future ) Tj ET Q q 0 0 0 rg BT 236.96 470.80 Td (business, ) Tj ET Q q 0 0 0 rg BT 271.96 470.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.69 470.80 Td (condition ) Tj ET Q q 0 0 0 rg BT 341.94 470.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.18 470.80 Td (results ) Tj ET Q q 0 0 0 rg BT 382.93 470.80 Td (of ) Tj ET Q q 0 0 0 rg BT 392.68 470.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 432.42 470.80 Td (may ) Tj ET Q q 0 0 0 rg BT 450.16 470.80 Td (be ) Tj ET Q q 0 0 0 rg BT 460.91 470.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 497.64 470.80 Td (af) Tj ET Q q 0 0 0 rg BT 504.47 470.80 Td (fected. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 443.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 443.20 Td (e ) Tj ET Q q 0 0 0 rg BT 49.45 443.20 Td (may ) Tj ET Q q 0 0 0 rg BT 67.06 443.20 Td (not ) Tj ET Q q 0 0 0 rg BT 81.18 443.20 Td (commence ) Tj ET Q q 0 0 0 rg BT 122.79 443.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.91 443.20 Td (under ) Tj ET Q q 0 0 0 rg BT 188.04 443.20 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 443.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 231.28 443.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 267.40 443.20 Td (with ) Tj ET Q q 0 0 0 rg BT 285.53 443.20 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 316.15 443.20 Td (Oil ) Tj ET Q q 0 0 0 rg BT 329.77 443.20 Td (Company) Tj ET Q q 0 0 0 rg BT 364.94 443.20 Td (, ) Tj ET Q q 0 0 0 rg BT 369.31 443.20 Td (and ) Tj ET Q q 0 0 0 rg BT 385.43 443.20 Td (we ) Tj ET Q q 0 0 0 rg BT 397.55 443.20 Td (may ) Tj ET Q q 0 0 0 rg BT 415.16 443.20 Td (not ) Tj ET Q q 0 0 0 rg BT 429.28 443.20 Td (close ) Tj ET Q q 0 0 0 rg BT 449.89 443.20 Td (the ) Tj ET Q q 0 0 0 rg BT 463.51 443.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 506.64 443.20 Td (of ) Tj ET Q q 0 0 0 rg BT 516.26 443.20 Td (the ) Tj ET Q q 0 0 0 rg BT 529.88 443.20 Td (land ) Tj ET Q q 0 0 0 rg BT 548.50 443.20 Td (drilling ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 432.40 Td (business ) Tj ET Q q 0 0 0 rg BT 69.76 432.40 Td (from ) Tj ET Q q 0 0 0 rg BT 90.01 432.40 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 120.77 432.40 Td (Oil ) Tj ET Q q 0 0 0 rg BT 134.52 432.40 Td (Company) Tj ET Q q 0 0 0 rg BT 169.69 432.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.57 418.60 Td (July ) Tj ET Q q 0 0 0 rg BT 62.65 418.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 84.97 418.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 113.52 418.60 Td (into ) Tj ET Q q 0 0 0 rg BT 129.60 418.60 Td (six ) Tj ET Q q 0 0 0 rg BT 142.17 418.60 Td (of) Tj ET Q q 0 0 0 rg BT 149.51 418.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 174.07 418.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 202.65 418.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 237.20 418.60 Td (with ) Tj ET Q q 0 0 0 rg BT 255.28 418.60 Td (Rosneft. ) Tj ET Q q 0 0 0 rg BT 287.60 418.60 Td (In ) Tj ET Q q 0 0 0 rg BT 296.71 418.60 Td (August, ) Tj ET Q q 0 0 0 rg BT 327.04 418.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 349.36 418.60 Td (we ) Tj ET Q q 0 0 0 rg BT 361.93 418.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 390.48 418.60 Td (into ) Tj ET Q q 0 0 0 rg BT 406.56 418.60 Td (an ) Tj ET Q q 0 0 0 rg BT 417.12 418.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 456.67 418.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.75 418.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 494.30 418.60 Td (a ) Tj ET Q q 0 0 0 rg BT 500.37 418.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 540.43 418.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 568.51 418.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.80 Td (Rosneft's ) Tj ET Q q 0 0 0 rg BT 71.66 407.80 Td (land ) Tj ET Q q 0 0 0 rg BT 89.68 407.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 118.72 407.80 Td (fleet ) Tj ET Q q 0 0 0 rg BT 137.24 407.80 Td (in ) Tj ET Q q 0 0 0 rg BT 146.77 407.80 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 175.56 407.80 Td (along ) Tj ET Q q 0 0 0 rg BT 198.09 407.80 Td (with ) Tj ET Q q 0 0 0 rg BT 216.62 407.80 Td (new ) Tj ET Q q 0 0 0 rg BT 234.15 407.80 Td (five-year ) Tj ET Q q 0 0 0 rg BT 269.16 407.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 304.18 407.80 Td (awarded ) Tj ET Q q 0 0 0 rg BT 337.19 407.80 Td (by ) Tj ET Q q 0 0 0 rg BT 348.72 407.80 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 379.26 407.80 Td (for ) Tj ET Q q 0 0 0 rg BT 392.28 407.80 Td (the ) Tj ET Q q 0 0 0 rg BT 405.81 407.80 Td (land ) Tj ET Q q 0 0 0 rg BT 423.84 407.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 452.87 407.80 Td (units ) Tj ET Q q 0 0 0 rg BT 472.91 407.80 Td (being ) Tj ET Q q 0 0 0 rg BT 495.44 407.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 528.96 407.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 562.48 407.80 Td (to ) Tj ET Q q 0 0 0 rg BT 572.02 407.80 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 397.00 Td (framework ) Tj ET Q q 0 0 0 rg BT 77.47 397.00 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 119.20 397.00 Td (or ) Tj ET Q q 0 0 0 rg BT 128.69 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 141.68 397.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 184.72 397.00 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 228.94 397.00 Td (In ) Tj ET Q q 0 0 0 rg BT 238.44 397.00 Td (November ) Tj ET Q q 0 0 0 rg BT 278.42 397.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 300.66 397.00 Td (we ) Tj ET Q q 0 0 0 rg BT 313.15 397.00 Td (and ) Tj ET Q q 0 0 0 rg BT 328.14 397.00 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 358.13 397.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 384.10 397.00 Td (to ) Tj ET Q q 0 0 0 rg BT 393.10 397.00 Td (delay ) Tj ET Q q 0 0 0 rg BT 414.58 397.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.58 397.00 Td (May ) Tj ET Q q 0 0 0 rg BT 442.07 397.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 462.06 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 475.05 397.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 503.04 397.00 Td (of ) Tj ET Q q 0 0 0 rg BT 512.53 397.00 Td (these ) Tj ET Q q 0 0 0 rg BT 533.02 397.00 Td (transactions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 386.20 Td (that ) Tj ET Q q 0 0 0 rg BT 51.12 386.20 Td (are ) Tj ET Q q 0 0 0 rg BT 63.72 386.20 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 113.82 386.20 Td (in ) Tj ET Q q 0 0 0 rg BT 122.45 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 135.06 386.20 Td (Framework ) Tj ET Q q 0 0 0 rg BT 177.81 386.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 219.41 386.20 Td (and ) Tj ET Q q 0 0 0 rg BT 234.03 386.20 Td (on ) Tj ET Q q 0 0 0 rg BT 244.29 386.20 Td (April ) Tj ET Q q 0 0 0 rg BT 264.91 386.20 Td (16, ) Tj ET Q q 0 0 0 rg BT 277.78 386.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 299.65 386.20 Td (we ) Tj ET Q q 0 0 0 rg BT 311.77 386.20 Td (mutually ) Tj ET Q q 0 0 0 rg BT 345.38 386.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 370.99 386.20 Td (to ) Tj ET Q q 0 0 0 rg BT 379.61 386.20 Td (further ) Tj ET Q q 0 0 0 rg BT 405.71 386.20 Td (extend ) Tj ET Q q 0 0 0 rg BT 431.32 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 443.94 386.20 Td (date ) Tj ET Q q 0 0 0 rg BT 460.55 386.20 Td (of ) Tj ET Q q 0 0 0 rg BT 469.67 386.20 Td (termination ) Tj ET Q q 0 0 0 rg BT 512.78 386.20 Td (of ) Tj ET Q q 0 0 0 rg BT 521.89 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 534.51 386.20 Td (Framework ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 375.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 77.96 375.40 Td (until ) Tj ET Q q 0 0 0 rg BT 96.43 375.40 Td (May ) Tj ET Q q 0 0 0 rg BT 114.91 375.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 128.13 375.40 Td (2017, ) Tj ET Q q 0 0 0 rg BT 150.36 375.40 Td (whereby ) Tj ET Q q 0 0 0 rg BT 183.32 375.40 Td (both ) Tj ET Q q 0 0 0 rg BT 201.30 375.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 227.26 375.40 Td (can ) Tj ET Q q 0 0 0 rg BT 241.73 375.40 Td (ef) Tj ET Q q 0 0 0 rg BT 248.55 375.40 Td (fectively ) Tj ET Q q 0 0 0 rg BT 282.01 375.40 Td (terminate ) Tj ET Q q 0 0 0 rg BT 317.97 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 330.94 375.40 Td (Framework ) Tj ET Q q 0 0 0 rg BT 373.97 375.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 415.93 375.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.90 375.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 435.37 375.40 Td (or ) Tj ET Q q 0 0 0 rg BT 444.85 375.40 Td (any ) Tj ET Q q 0 0 0 rg BT 459.82 375.40 Td (of) Tj ET Q q 0 0 0 rg BT 467.15 375.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 491.62 375.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 520.09 375.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.55 375.40 Td (at ) Tj ET Q q 0 0 0 rg BT 563.02 375.40 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 364.60 Td (time ) Tj ET Q q 0 0 0 rg BT 53.94 364.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 73.37 364.60 Td (to ) Tj ET Q q 0 0 0 rg BT 82.31 364.60 Td (May ) Tj ET Q q 0 0 0 rg BT 100.75 364.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.94 364.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 133.88 364.60 Td (at ) Tj ET Q q 0 0 0 rg BT 142.32 364.60 Td (no ) Tj ET Q q 0 0 0 rg BT 153.26 364.60 Td (cost. ) Tj ET Q q 0 0 0 rg BT 171.94 364.60 Td (In ) Tj ET Q q 0 0 0 rg BT 181.38 364.60 Td (June ) Tj ET Q q 0 0 0 rg BT 199.82 364.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 222.01 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.95 364.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 260.88 364.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 286.80 364.60 Td (to ) Tj ET Q q 0 0 0 rg BT 295.74 364.60 Td (cancel ) Tj ET Q q 0 0 0 rg BT 320.66 364.60 Td (any ) Tj ET Q q 0 0 0 rg BT 335.59 364.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 377.52 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.96 364.60 Td (business ) Tj ET Q q 0 0 0 rg BT 419.40 364.60 Td (included ) Tj ET Q q 0 0 0 rg BT 452.33 364.60 Td (within ) Tj ET Q q 0 0 0 rg BT 477.28 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.21 364.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 512.15 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.58 364.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.52 364.60 Td (Framework ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 353.80 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 80.38 353.80 Td (and ) Tj ET Q q 0 0 0 rg BT 95.52 353.80 Td (replaced ) Tj ET Q q 0 0 0 rg BT 128.15 353.80 Td (this ) Tj ET Q q 0 0 0 rg BT 143.30 353.80 Td (with ) Tj ET Q q 0 0 0 rg BT 161.45 353.80 Td (a ) Tj ET Q q 0 0 0 rg BT 167.59 353.80 Td (requirement ) Tj ET Q q 0 0 0 rg BT 213.22 353.80 Td (for ) Tj ET Q q 0 0 0 rg BT 225.87 353.80 Td (us, ) Tj ET Q q 0 0 0 rg BT 238.27 353.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.91 353.80 Td (to ) Tj ET Q q 0 0 0 rg BT 275.06 353.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 314.19 353.80 Td (law) Tj ET Q q 0 0 0 rg BT 326.60 353.80 Td (, ) Tj ET Q q 0 0 0 rg BT 331.00 353.80 Td (to ) Tj ET Q q 0 0 0 rg BT 340.15 353.80 Td (inform ) Tj ET Q q 0 0 0 rg BT 366.79 353.80 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 396.94 353.80 Td (of ) Tj ET Q q 0 0 0 rg BT 406.58 353.80 Td (any ) Tj ET Q q 0 0 0 rg BT 421.73 353.80 Td (material ) Tj ET Q q 0 0 0 rg BT 453.36 353.80 Td (developments ) Tj ET Q q 0 0 0 rg BT 505.49 353.80 Td (af) Tj ET Q q 0 0 0 rg BT 512.32 353.80 Td (fecting ) Tj ET Q q 0 0 0 rg BT 539.46 353.80 Td (us. ) Tj ET Q q 0 0 0 rg BT 551.86 353.80 Td (Due ) Tj ET Q q 0 0 0 rg BT 569.00 353.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 343.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 60.27 343.00 Td (and ) Tj ET Q q 0 0 0 rg BT 75.56 343.00 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 107.35 343.00 Td (developments ) Tj ET Q q 0 0 0 rg BT 159.63 343.00 Td (and ) Tj ET Q q 0 0 0 rg BT 174.92 343.00 Td (events, ) Tj ET Q q 0 0 0 rg BT 202.45 343.00 Td (we ) Tj ET Q q 0 0 0 rg BT 215.24 343.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 243.52 343.00 Td (that ) Tj ET Q q 0 0 0 rg BT 259.30 343.00 Td (it ) Tj ET Q q 0 0 0 rg BT 266.60 343.00 Td (will ) Tj ET Q q 0 0 0 rg BT 282.89 343.00 Td (be ) Tj ET Q q 0 0 0 rg BT 293.68 343.00 Td (extremely ) Tj ET Q q 0 0 0 rg BT 331.95 343.00 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 363.74 343.00 Td (to ) Tj ET Q q 0 0 0 rg BT 373.03 343.00 Td (close ) Tj ET Q q 0 0 0 rg BT 393.82 343.00 Td (these ) Tj ET Q q 0 0 0 rg BT 414.60 343.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 459.88 343.00 Td (on ) Tj ET Q q 0 0 0 rg BT 471.17 343.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.46 343.00 Td (same ) Tj ET Q q 0 0 0 rg BT 505.24 343.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 527.53 343.00 Td (contemplated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 332.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.50 332.20 Td (executed ) Tj ET Q q 0 0 0 rg BT 92.72 332.20 Td (agreements.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 304.60 Td (Competition ) Tj ET Q q 0 0 0 rg BT 83.76 304.60 Td (within ) Tj ET Q q 0 0 0 rg BT 109.52 304.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.27 304.60 Td (of) Tj ET Q q 0 0 0 rg BT 130.61 304.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 156.36 304.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 186.12 304.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 218.88 304.60 Td (may ) Tj ET Q q 0 0 0 rg BT 236.62 304.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 273.36 304.60 Td (af) Tj ET Q q 0 0 0 rg BT 280.69 304.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 296.43 304.60 Td (our ) Tj ET Q q 0 0 0 rg BT 311.69 304.60 Td (results ) Tj ET Q q 0 0 0 rg BT 338.44 304.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.19 304.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 389.45 304.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.70 304.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.46 304.60 Td (condition.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 290.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.13 290.80 Td (of) Tj ET Q q 0 0 0 rg BT 59.47 290.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 84.10 290.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 112.74 290.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 144.39 290.80 Td (is ) Tj ET Q q 0 0 0 rg BT 152.53 290.80 Td (highly ) Tj ET Q q 0 0 0 rg BT 177.68 290.80 Td (competitive ) Tj ET Q q 0 0 0 rg BT 222.31 290.80 Td (and ) Tj ET Q q 0 0 0 rg BT 237.44 290.80 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 280.56 290.80 Td (and ) Tj ET Q q 0 0 0 rg BT 295.70 290.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 327.84 290.80 Td (several ) Tj ET Q q 0 0 0 rg BT 355.46 290.80 Td (lar) Tj ET Q q 0 0 0 rg BT 364.79 290.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 375.43 290.80 Td (companies, ) Tj ET Q q 0 0 0 rg BT 418.31 290.80 Td (including ) Tj ET Q q 0 0 0 rg BT 454.45 290.80 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 486.83 290.80 Td (that ) Tj ET Q q 0 0 0 rg BT 502.47 290.80 Td (compete ) Tj ET Q q 0 0 0 rg BT 535.10 290.80 Td (in ) Tj ET Q q 0 0 0 rg BT 544.24 290.80 Td ( ) Tj ET Q q 0 0 0 rg BT 546.39 290.80 Td (many ) Tj ET Q q 0 0 0 rg BT 568.52 290.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 280.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.13 280.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 79.76 280.00 Td (we ) Tj ET Q q 0 0 0 rg BT 92.40 280.00 Td (serve, ) Tj ET Q q 0 0 0 rg BT 115.77 280.00 Td (as ) Tj ET Q q 0 0 0 rg BT 125.41 280.00 Td (well ) Tj ET Q q 0 0 0 rg BT 143.04 280.00 Td (as ) Tj ET Q q 0 0 0 rg BT 152.68 280.00 Td (numerous ) Tj ET Q q 0 0 0 rg BT 190.31 280.00 Td (small ) Tj ET Q q 0 0 0 rg BT 211.95 280.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 252.58 280.00 Td (that ) Tj ET Q q 0 0 0 rg BT 268.21 280.00 Td (compete ) Tj ET Q q 0 0 0 rg BT 300.84 280.00 Td (with ) Tj ET Q q 0 0 0 rg BT 318.98 280.00 Td (us ) Tj ET Q q 0 0 0 rg BT 329.12 280.00 Td (on ) Tj ET Q q 0 0 0 rg BT 340.26 280.00 Td (a ) Tj ET Q q 0 0 0 rg BT 346.39 280.00 Td (local ) Tj ET Q q 0 0 0 rg BT 366.02 280.00 Td (basis. ) Tj ET Q q 0 0 0 rg BT 388.41 280.00 Td (Of) Tj ET Q q 0 0 0 rg BT 397.74 280.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 422.38 280.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 451.01 280.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 485.64 280.00 Td (are ) Tj ET Q q 0 0 0 rg BT 498.76 280.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 534.38 280.00 Td (awarded ) Tj ET Q q 0 0 0 rg BT 567.00 280.00 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 269.20 Td (a ) Tj ET Q q 0 0 0 rg BT 42.50 269.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 87.50 269.20 Td (bid ) Tj ET Q q 0 0 0 rg BT 101.51 269.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 122.01 269.20 Td (or ) Tj ET Q q 0 0 0 rg BT 132.02 269.20 Td (through ) Tj ET Q q 0 0 0 rg BT 162.53 269.20 Td (privately ) Tj ET Q q 0 0 0 rg BT 197.02 269.20 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 237.02 269.20 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 284.76 269.20 Td (In ) Tj ET Q q 0 0 0 rg BT 294.77 269.20 Td (determining ) Tj ET Q q 0 0 0 rg BT 340.76 269.20 Td (which ) Tj ET Q q 0 0 0 rg BT 365.27 269.20 Td (qualified ) Tj ET Q q 0 0 0 rg BT 399.76 269.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 428.77 269.20 Td (contractor ) Tj ET Q q 0 0 0 rg BT 467.76 269.20 Td (is ) Tj ET Q q 0 0 0 rg BT 476.27 269.20 Td (awarded ) Tj ET Q q 0 0 0 rg BT 509.26 269.20 Td (a ) Tj ET Q q 0 0 0 rg BT 515.76 269.20 Td (contract, ) Tj ET Q q 0 0 0 rg BT 549.50 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 563.00 269.20 Td (key ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 258.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 62.31 258.40 Td (are ) Tj ET Q q 0 0 0 rg BT 75.12 258.40 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 104.69 258.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 116.51 258.40 Td (availability) Tj ET Q q 0 0 0 rg BT 156.41 258.40 Td (, ) Tj ET Q q 0 0 0 rg BT 160.49 258.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 172.31 258.40 Td (location, ) Tj ET Q q 0 0 0 rg BT 205.38 258.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 241.20 258.40 Td (and ) Tj ET Q q 0 0 0 rg BT 256.02 258.40 Td (integrity ) Tj ET Q q 0 0 0 rg BT 288.33 258.40 Td (of ) Tj ET Q q 0 0 0 rg BT 297.66 258.40 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 339.72 258.40 Td (its ) Tj ET Q q 0 0 0 rg BT 350.05 258.40 Td (record ) Tj ET Q q 0 0 0 rg BT 374.86 258.40 Td (of ) Tj ET Q q 0 0 0 rg BT 384.18 258.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 419.99 258.40 Td (ef) Tj ET Q q 0 0 0 rg BT 426.82 258.40 Td (ficiency) Tj ET Q q 0 0 0 rg BT 455.22 258.40 Td (, ) Tj ET Q q 0 0 0 rg BT 459.29 258.40 Td (including ) Tj ET Q q 0 0 0 rg BT 495.11 258.40 Td (high ) Tj ET Q q 0 0 0 rg BT 512.94 258.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 548.75 258.40 Td (uptime, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 247.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 71.70 247.60 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 126.64 247.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 151.35 247.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 200.04 247.60 Td (record, ) Tj ET Q q 0 0 0 rg BT 228.48 247.60 Td (crew ) Tj ET Q q 0 0 0 rg BT 249.19 247.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 293.62 247.60 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 335.58 247.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 368.29 247.60 Td (standing ) Tj ET Q q 0 0 0 rg BT 402.01 247.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.22 247.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 454.42 247.60 Td (relations. ) Tj ET Q q 0 0 0 rg BT 490.88 247.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 508.09 247.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 548.80 247.60 Td (may ) Tj ET Q q 0 0 0 rg BT 567.51 247.60 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 73.68 236.80 Td (af) Tj ET Q q 0 0 0 rg BT 80.51 236.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 105.68 236.80 Td (if ) Tj ET Q q 0 0 0 rg BT 114.37 236.80 Td (our ) Tj ET Q q 0 0 0 rg BT 129.56 236.80 Td (current ) Tj ET Q q 0 0 0 rg BT 158.24 236.80 Td (competitors ) Tj ET Q q 0 0 0 rg BT 203.93 236.80 Td (or ) Tj ET Q q 0 0 0 rg BT 214.62 236.80 Td (new ) Tj ET Q q 0 0 0 rg BT 232.81 236.80 Td (market ) Tj ET Q q 0 0 0 rg BT 260.99 236.80 Td (entrants ) Tj ET Q q 0 0 0 rg BT 292.67 236.80 Td (introduce ) Tj ET Q q 0 0 0 rg BT 329.85 236.80 Td (new ) Tj ET Q q 0 0 0 rg BT 348.04 236.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 377.73 236.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 394.43 236.80 Td (with ) Tj ET Q q 0 0 0 rg BT 413.62 236.80 Td (better ) Tj ET Q q 0 0 0 rg BT 437.30 236.80 Td (features, ) Tj ET Q q 0 0 0 rg BT 471.23 236.80 Td (performance, ) Tj ET Q q 0 0 0 rg BT 522.14 236.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 546.82 236.80 Td (or ) Tj ET Q q 0 0 0 rg BT 557.51 236.80 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 226.00 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 89.41 226.00 Td (in ) Tj ET Q q 0 0 0 rg BT 98.35 226.00 Td (comparison ) Tj ET Q q 0 0 0 rg BT 142.28 226.00 Td (to ) Tj ET Q q 0 0 0 rg BT 151.22 226.00 Td (our ) Tj ET Q q 0 0 0 rg BT 165.15 226.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 193.59 226.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 211.28 226.00 Td (or ) Tj ET Q q 0 0 0 rg BT 220.71 226.00 Td (expand ) Tj ET Q q 0 0 0 rg BT 248.64 226.00 Td (into ) Tj ET Q q 0 0 0 rg BT 264.58 226.00 Td (service ) Tj ET Q q 0 0 0 rg BT 292.01 226.00 Td (areas ) Tj ET Q q 0 0 0 rg BT 312.43 226.00 Td (where ) Tj ET Q q 0 0 0 rg BT 336.35 226.00 Td (we ) Tj ET Q q 0 0 0 rg BT 348.79 226.00 Td (operate. ) Tj ET Q q 0 0 0 rg BT 379.46 226.00 Td (In ) Tj ET Q q 0 0 0 rg BT 388.89 226.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 422.58 226.00 Td (mer) Tj ET Q q 0 0 0 rg BT 436.41 226.00 Td (gers ) Tj ET Q q 0 0 0 rg BT 453.34 226.00 Td (among ) Tj ET Q q 0 0 0 rg BT 479.77 226.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 491.21 226.00 Td (and ) Tj ET Q q 0 0 0 rg BT 506.15 226.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 520.08 226.00 Td (exploration ) Tj ET Q q 0 0 0 rg BT 563.01 226.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 215.20 Td (production ) Tj ET Q q 0 0 0 rg BT 77.10 215.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 117.70 215.20 Td (have ) Tj ET Q q 0 0 0 rg BT 136.80 215.20 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 169.65 215.20 Td (and ) Tj ET Q q 0 0 0 rg BT 184.75 215.20 Td (may ) Tj ET Q q 0 0 0 rg BT 202.36 215.20 Td (from ) Tj ET Q q 0 0 0 rg BT 221.97 215.20 Td (time ) Tj ET Q q 0 0 0 rg BT 240.08 215.20 Td (to ) Tj ET Q q 0 0 0 rg BT 249.19 215.20 Td (time ) Tj ET Q q 0 0 0 rg BT 267.30 215.20 Td (further ) Tj ET Q q 0 0 0 rg BT 293.89 215.20 Td (reduce, ) Tj ET Q q 0 0 0 rg BT 322.24 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 335.34 215.20 Td (number ) Tj ET Q q 0 0 0 rg BT 364.95 215.20 Td (of ) Tj ET Q q 0 0 0 rg BT 374.56 215.20 Td (available ) Tj ET Q q 0 0 0 rg BT 409.15 215.20 Td (customers, ) Tj ET Q q 0 0 0 rg BT 450.00 215.20 Td (which ) Tj ET Q q 0 0 0 rg BT 474.11 215.20 Td (would ) Tj ET Q q 0 0 0 rg BT 498.72 215.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 530.31 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 543.42 215.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 568.53 215.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 204.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 69.74 204.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 108.48 204.40 Td (to ) Tj ET Q q 0 0 0 rg BT 117.73 204.40 Td (achieve ) Tj ET Q q 0 0 0 rg BT 147.46 204.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 175.21 204.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 197.45 204.40 Td (favorable ) Tj ET Q q 0 0 0 rg BT 233.68 204.40 Td (to ) Tj ET Q q 0 0 0 rg BT 242.93 204.40 Td (them. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 176.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.34 176.80 Td (of) Tj ET Q q 0 0 0 rg BT 59.67 176.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 84.51 176.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 113.36 176.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 145.21 176.80 Td (has ) Tj ET Q q 0 0 0 rg BT 159.55 176.80 Td (historically ) Tj ET Q q 0 0 0 rg BT 202.39 176.80 Td (been ) Tj ET Q q 0 0 0 rg BT 221.73 176.80 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 252.06 176.80 Td (and ) Tj ET Q q 0 0 0 rg BT 267.40 176.80 Td (is ) Tj ET Q q 0 0 0 rg BT 275.75 176.80 Td (impacted ) Tj ET Q q 0 0 0 rg BT 311.08 176.80 Td (by ) Tj ET Q q 0 0 0 rg BT 322.43 176.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 334.28 176.80 Td (and ) Tj ET Q q 0 0 0 rg BT 349.62 176.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 363.97 176.80 Td (price ) Tj ET Q q 0 0 0 rg BT 384.30 176.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 407.64 176.80 Td (and ) Tj ET Q q 0 0 0 rg BT 422.98 176.80 Td (volatility) Tj ET Q q 0 0 0 rg BT 454.90 176.80 Td (. ) Tj ET Q q 0 0 0 rg BT 459.32 176.80 Td (There ) Tj ET Q q 0 0 0 rg BT 482.66 176.80 Td (have ) Tj ET Q q 0 0 0 rg BT 501.99 176.80 Td (been ) Tj ET Q q 0 0 0 rg BT 521.33 176.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 550.17 176.80 Td (of ) Tj ET Q q 0 0 0 rg BT 560.02 176.80 Td (high ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 166.00 Td (demand, ) Tj ET Q q 0 0 0 rg BT 68.99 166.00 Td (short ) Tj ET Q q 0 0 0 rg BT 89.23 166.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 101.47 166.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 127.72 166.00 Td (and ) Tj ET Q q 0 0 0 rg BT 142.96 166.00 Td (high ) Tj ET Q q 0 0 0 rg BT 161.21 166.00 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 195.69 166.00 Td (followed ) Tj ET Q q 0 0 0 rg BT 229.93 166.00 Td (by ) Tj ET Q q 0 0 0 rg BT 241.17 166.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 269.91 166.00 Td (of ) Tj ET Q q 0 0 0 rg BT 279.65 166.00 Td (low ) Tj ET Q q 0 0 0 rg BT 295.40 166.00 Td (demand, ) Tj ET Q q 0 0 0 rg BT 328.39 166.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 354.12 166.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 366.36 166.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 392.61 166.00 Td (and ) Tj ET Q q 0 0 0 rg BT 407.85 166.00 Td (low ) Tj ET Q q 0 0 0 rg BT 423.60 166.00 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 458.08 166.00 Td (such ) Tj ET Q q 0 0 0 rg BT 476.82 166.00 Td (as ) Tj ET Q q 0 0 0 rg BT 486.56 166.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.80 166.00 Td (downturn ) Tj ET Q q 0 0 0 rg BT 536.55 166.00 Td (that ) Tj ET Q q 0 0 0 rg BT 552.29 166.00 Td (we ) Tj ET Q q 0 0 0 rg BT 565.03 166.00 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 155.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 69.80 155.20 Td (experiencing. ) Tj ET Q q 0 0 0 rg BT 119.83 155.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 152.14 155.20 Td (in ) Tj ET Q q 0 0 0 rg BT 160.45 155.20 Td (commodity ) Tj ET Q q 0 0 0 rg BT 202.76 155.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 225.56 155.20 Td (can ) Tj ET Q q 0 0 0 rg BT 239.37 155.20 Td (have ) Tj ET Q q 0 0 0 rg BT 257.67 155.20 Td (a ) Tj ET Q q 0 0 0 rg BT 262.97 155.20 Td (dramatic ) Tj ET Q q 0 0 0 rg BT 295.77 155.20 Td (ef) Tj ET Q q 0 0 0 rg BT 302.60 155.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 317.40 155.20 Td (on ) Tj ET Q q 0 0 0 rg BT 327.71 155.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 339.02 155.20 Td (demand, ) Tj ET Q q 0 0 0 rg BT 371.07 155.20 Td (and ) Tj ET Q q 0 0 0 rg BT 385.38 155.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 413.18 155.20 Td (of ) Tj ET Q q 0 0 0 rg BT 421.99 155.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 446.79 155.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 458.10 155.20 Td (supply ) Tj ET Q q 0 0 0 rg BT 483.42 155.20 Td (may ) Tj ET Q q 0 0 0 rg BT 500.22 155.20 Td (intensify ) Tj ET Q q 0 0 0 rg BT 533.03 155.20 Td (competition ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.64 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 59.27 144.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 91.41 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 144.40 Td (result ) Tj ET Q q 0 0 0 rg BT 129.67 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 139.31 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 152.94 144.40 Td (idling ) Tj ET Q q 0 0 0 rg BT 176.58 144.40 Td (of ) Tj ET Q q 0 0 0 rg BT 186.71 144.40 Td (older ) Tj ET Q q 0 0 0 rg BT 207.84 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 223.47 144.40 Td (less ) Tj ET Q q 0 0 0 rg BT 239.61 144.40 Td (technologically ) Tj ET Q q 0 0 0 rg BT 297.73 144.40 Td (advanced ) Tj ET Q q 0 0 0 rg BT 334.34 144.40 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 377.03 144.40 Td (W) Tj ET Q q 0 0 0 rg BT 384.80 144.40 Td (e ) Tj ET Q q 0 0 0 rg BT 391.43 144.40 Td (have ) Tj ET Q q 0 0 0 rg BT 411.06 144.40 Td (idled ) Tj ET Q q 0 0 0 rg BT 431.69 144.40 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 450.08 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 465.71 144.40 Td (may ) Tj ET Q q 0 0 0 rg BT 483.84 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 493.48 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 507.11 144.40 Td (future ) Tj ET Q q 0 0 0 rg BT 531.24 144.40 Td (idle ) Tj ET Q q 0 0 0 rg BT 547.37 144.40 Td (or ) Tj ET Q q 0 0 0 rg BT 557.50 144.40 Td (stack ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 133.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 74.50 133.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 90.52 133.60 Td ( ) Tj ET Q q 0 0 0 rg BT 93.03 133.60 Td (or ) Tj ET Q q 0 0 0 rg BT 103.04 133.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 123.54 133.60 Td (into ) Tj ET Q q 0 0 0 rg BT 140.05 133.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 163.06 133.60 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 192.05 133.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 221.06 133.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 256.06 133.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.57 133.60 Td (response ) Tj ET Q q 0 0 0 rg BT 299.58 133.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.09 133.60 Td (market ) Tj ET Q q 0 0 0 rg BT 336.59 133.60 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 378.67 133.60 Td (W) Tj ET Q q 0 0 0 rg BT 386.44 133.60 Td (e ) Tj ET Q q 0 0 0 rg BT 392.95 133.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 419.45 133.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 446.95 133.60 Td (when ) Tj ET Q q 0 0 0 rg BT 468.96 133.60 Td (or ) Tj ET Q q 0 0 0 rg BT 478.97 133.60 Td (if ) Tj ET Q q 0 0 0 rg BT 486.98 133.60 Td (any ) Tj ET Q q 0 0 0 rg BT 502.49 133.60 Td (idled ) Tj ET Q q 0 0 0 rg BT 523.00 133.60 Td (or ) Tj ET Q q 0 0 0 rg BT 533.01 133.60 Td (stacked ) Tj ET Q q 0 0 0 rg BT 562.50 133.60 Td (rigs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 122.80 Td (will ) Tj ET Q q 0 0 0 rg BT 52.43 122.80 Td (return ) Tj ET Q q 0 0 0 rg BT 76.35 122.80 Td (to ) Tj ET Q q 0 0 0 rg BT 85.78 122.80 Td (service. ) Tj ET Q q 0 0 0 rg BT 115.76 122.80 Td (When ) Tj ET Q q 0 0 0 rg BT 139.68 122.80 Td (idled ) Tj ET Q q 0 0 0 rg BT 160.10 122.80 Td (or ) Tj ET Q q 0 0 0 rg BT 170.03 122.80 Td (stacked, ) Tj ET Q q 0 0 0 rg BT 201.69 122.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 230.62 122.80 Td (units ) Tj ET Q q 0 0 0 rg BT 250.55 122.80 Td (do ) Tj ET Q q 0 0 0 rg BT 261.98 122.80 Td (not ) Tj ET Q q 0 0 0 rg BT 275.91 122.80 Td (earn ) Tj ET Q q 0 0 0 rg BT 293.82 122.80 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 330.49 122.80 Td (but ) Tj ET Q q 0 0 0 rg BT 344.41 122.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 377.83 122.80 Td (to ) Tj ET Q q 0 0 0 rg BT 387.26 122.80 Td (require ) Tj ET Q q 0 0 0 rg BT 415.17 122.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 433.59 122.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 482.01 122.80 Td (for ) Tj ET Q q 0 0 0 rg BT 494.93 122.80 Td (crews, ) Tj ET Q q 0 0 0 rg BT 520.59 122.80 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 539.27 122.80 Td (insurance, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 112.00 Td (berthing ) Tj ET Q q 0 0 0 rg BT 67.76 112.00 Td (and ) Tj ET Q q 0 0 0 rg BT 82.53 112.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 121.28 112.00 Td (items. ) Tj ET Q q 0 0 0 rg BT 144.41 112.00 Td (As ) Tj ET Q q 0 0 0 rg BT 156.18 112.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.45 112.00 Td (March ) Tj ET Q q 0 0 0 rg BT 190.71 112.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.73 112.00 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.73 112.00 Td (, ) Tj ET Q q 0 0 0 rg BT 225.75 112.00 Td (we ) Tj ET Q q 0 0 0 rg BT 238.01 112.00 Td (had ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.78 112.00 Td (two) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.28 112.00 Td ( ) Tj ET Q q 0 0 0 rg BT 268.05 112.00 Td (units ) Tj ET Q q 0 0 0 rg BT 287.32 112.00 Td (stacked, ) Tj ET Q q 0 0 0 rg BT 318.33 112.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.09 112.00 Td (W) Tj ET Q q 0 0 0 rg BT 337.76 112.00 Td (est ) Tj ET Q q 0 0 0 rg BT 349.53 112.00 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.03 112.00 Td ( ) Tj ET Q q 0 0 0 rg BT 387.80 112.00 Td (and ) Tj ET Q q 0 0 0 rg BT 402.57 112.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.33 112.00 Td (W) Tj ET Q q 0 0 0 rg BT 422.00 112.00 Td (est ) Tj ET Q q 0 0 0 rg BT 433.77 112.00 Td (V) Tj ET Q q 0 0 0 rg BT 438.27 112.00 Td (entur) Tj ET Q q 0 0 0 rg BT 456.93 112.00 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.93 112.00 Td (. ) Tj ET Q q 0 0 0 rg BT 464.95 112.00 Td ( ) Tj ET Q q 0 0 0 rg BT 466.72 112.00 Td (If ) Tj ET Q q 0 0 0 rg BT 474.48 112.00 Td (our ) Tj ET Q q 0 0 0 rg BT 488.25 112.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 516.01 112.00 Td (are ) Tj ET Q q 0 0 0 rg BT 528.76 112.00 Td (not ) Tj ET Q q 0 0 0 rg BT 542.04 112.00 Td (confident ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.20 Td (that ) Tj ET Q q 0 0 0 rg BT 51.70 101.20 Td (we ) Tj ET Q q 0 0 0 rg BT 64.39 101.20 Td (are ) Tj ET Q q 0 0 0 rg BT 77.58 101.20 Td (able ) Tj ET Q q 0 0 0 rg BT 94.77 101.20 Td (to ) Tj ET Q q 0 0 0 rg BT 103.97 101.20 Td (employ ) Tj ET Q q 0 0 0 rg BT 133.17 101.20 Td (our ) Tj ET Q q 0 0 0 rg BT 147.37 101.20 Td (assets, ) Tj ET Q q 0 0 0 rg BT 172.82 101.20 Td (we ) Tj ET Q q 0 0 0 rg BT 185.52 101.20 Td (may ) Tj ET Q q 0 0 0 rg BT 203.21 101.20 Td (be ) Tj ET Q q 0 0 0 rg BT 213.91 101.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 240.10 101.20 Td (to ) Tj ET Q q 0 0 0 rg BT 249.30 101.20 Td (secure ) Tj ET Q q 0 0 0 rg BT 274.49 101.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 312.68 101.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 348.87 101.20 Td (on ) Tj ET Q q 0 0 0 rg BT 360.07 101.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 382.27 101.20 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 422.44 101.20 Td (to ) Tj ET Q q 0 0 0 rg BT 431.64 101.20 Td (us ) Tj ET Q q 0 0 0 rg BT 441.84 101.20 Td (or ) Tj ET Q q 0 0 0 rg BT 451.54 101.20 Td (at ) Tj ET Q q 0 0 0 rg BT 460.24 101.20 Td (all ) Tj ET Q q 0 0 0 rg BT 471.44 101.20 Td (for ) Tj ET Q q 0 0 0 rg BT 484.13 101.20 Td (the ) Tj ET Q q 0 0 0 rg BT 497.33 101.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 536.02 101.20 Td (installment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 90.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 72.09 90.40 Td (we ) Tj ET Q q 0 0 0 rg BT 84.18 90.40 Td (are ) Tj ET Q q 0 0 0 rg BT 96.76 90.40 Td (obligated ) Tj ET Q q 0 0 0 rg BT 131.85 90.40 Td (to ) Tj ET Q q 0 0 0 rg BT 140.45 90.40 Td (make ) Tj ET Q q 0 0 0 rg BT 161.53 90.40 Td (before ) Tj ET Q q 0 0 0 rg BT 186.11 90.40 Td (the ) Tj ET Q q 0 0 0 rg BT 198.70 90.40 Td (delivery ) Tj ET Q q 0 0 0 rg BT 229.79 90.40 Td (of ) Tj ET Q q 0 0 0 rg BT 238.88 90.40 Td (our ) Tj ET Q q 0 0 0 rg BT 252.47 90.40 Td (remaining ) Tj ET Q q 0 0 0 rg BT 290.56 90.40 Td (newbuildings ) Tj ET Q q 0 0 0 rg BT 340.65 90.40 Td (and ) Tj ET Q q 0 0 0 rg BT 355.24 90.40 Td (our ) Tj ET Q q 0 0 0 rg BT 368.83 90.40 Td (other ) Tj ET Q q 0 0 0 rg BT 388.92 90.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 414.50 90.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 463.08 90.40 Td (including ) Tj ET Q q 0 0 0 rg BT 498.67 90.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.26 90.40 Td (repayments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 62.80 Td (Competitive ) Tj ET Q q 0 0 0 rg BT 83.42 62.80 Td (pressures ) Tj ET Q q 0 0 0 rg BT 119.84 62.80 Td (or ) Tj ET Q q 0 0 0 rg BT 130.27 62.80 Td (other ) Tj ET Q q 0 0 0 rg BT 151.69 62.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 179.10 62.80 Td (may ) Tj ET Q q 0 0 0 rg BT 197.52 62.80 Td (also ) Tj ET Q q 0 0 0 rg BT 214.95 62.80 Td (result ) Tj ET Q q 0 0 0 rg BT 237.87 62.80 Td (in ) Tj ET Q q 0 0 0 rg BT 247.80 62.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 288.72 62.80 Td (price ) Tj ET Q q 0 0 0 rg BT 309.63 62.80 Td (competition, ) Tj ET Q q 0 0 0 rg BT 357.80 62.80 Td (particularly ) Tj ET Q q 0 0 0 rg BT 402.21 62.80 Td (during ) Tj ET Q q 0 0 0 rg BT 428.63 62.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 461.06 62.80 Td (downturns, ) Tj ET Q q 0 0 0 rg BT 504.24 62.80 Td (which ) Tj ET Q q 0 0 0 rg BT 529.16 62.80 Td (could ) Tj ET Q q 0 0 0 rg BT 552.08 62.80 Td (have ) Tj ET Q q 0 0 0 rg BT 572.00 62.80 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 52.00 Td (material ) Tj ET Q q 0 0 0 rg BT 67.73 52.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 97.47 52.00 Td (ef) Tj ET Q q 0 0 0 rg BT 104.30 52.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 120.03 52.00 Td (on ) Tj ET Q q 0 0 0 rg BT 131.28 52.00 Td (our ) Tj ET Q q 0 0 0 rg BT 145.53 52.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.26 52.00 Td (position, ) Tj ET Q q 0 0 0 rg BT 212.77 52.00 Td (results ) Tj ET Q q 0 0 0 rg BT 238.51 52.00 Td (of ) Tj ET Q q 0 0 0 rg BT 248.26 52.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 290.25 52.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.49 52.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.74 52.00 Td (and ) Tj ET Q q 0 0 0 rg BT 345.99 52.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 371.23 52.00 Td (to ) Tj ET Q q 0 0 0 rg BT 380.48 52.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 395.73 52.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 432.98 52.00 Td (to ) Tj ET Q q 0 0 0 rg BT 442.23 52.00 Td (our ) Tj ET Q q 0 0 0 rg BT 456.47 52.00 Td (shareholders.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (16) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (An ) Tj ET Q q 0 0 0 rg BT 49.26 749.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 87.00 749.95 Td (downturn ) Tj ET Q q 0 0 0 rg BT 125.27 749.95 Td (could ) Tj ET Q q 0 0 0 rg BT 148.02 749.95 Td (have ) Tj ET Q q 0 0 0 rg BT 167.77 749.95 Td (a ) Tj ET Q q 0 0 0 rg BT 174.52 749.95 Td (material ) Tj ET Q q 0 0 0 rg BT 207.76 749.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 238.00 749.95 Td (ef) Tj ET Q q 0 0 0 rg BT 244.83 749.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 260.57 749.95 Td (on ) Tj ET Q q 0 0 0 rg BT 272.32 749.95 Td (our ) Tj ET Q q 0 0 0 rg BT 287.58 749.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 321.57 749.95 Td (profitability ) Tj ET Q q 0 0 0 rg BT 367.32 749.95 Td (and ) Tj ET Q q 0 0 0 rg BT 383.58 749.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.33 749.95 Td (position.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 736.15 Td (e ) Tj ET Q q 0 0 0 rg BT 50.44 736.15 Td (depend ) Tj ET Q q 0 0 0 rg BT 79.11 736.15 Td (on ) Tj ET Q q 0 0 0 rg BT 90.79 736.15 Td (our ) Tj ET Q q 0 0 0 rg BT 105.46 736.15 Td (customers) Tj ET Q q 0 0 0 rg BT 144.28 736.15 Td ( ) Tj ET Q q 0 0 0 rg BT 146.96 736.15 Td (willingness ) Tj ET Q q 0 0 0 rg BT 190.63 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 206.31 736.15 Td (ability ) Tj ET Q q 0 0 0 rg BT 231.98 736.15 Td (to ) Tj ET Q q 0 0 0 rg BT 241.66 736.15 Td (fund ) Tj ET Q q 0 0 0 rg BT 260.83 736.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.49 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 313.16 736.15 Td (capital ) Tj ET Q q 0 0 0 rg BT 339.82 736.15 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 388.49 736.15 Td (to ) Tj ET Q q 0 0 0 rg BT 398.16 736.15 Td (explore, ) Tj ET Q q 0 0 0 rg BT 430.08 736.15 Td (develop ) Tj ET Q q 0 0 0 rg BT 461.24 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 476.91 736.15 Td (produce ) Tj ET Q q 0 0 0 rg BT 508.57 736.15 Td (oil ) Tj ET Q q 0 0 0 rg BT 520.75 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 536.42 736.15 Td (gas, ) Tj ET Q q 0 0 0 rg BT 553.35 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 569.02 736.15 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td (purchase ) Tj ET Q q 0 0 0 rg BT 69.58 725.35 Td (drilling ) Tj ET Q q 0 0 0 rg BT 97.67 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 112.26 725.35 Td (related ) Tj ET Q q 0 0 0 rg BT 138.33 725.35 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 180.05 725.35 Td (There ) Tj ET Q q 0 0 0 rg BT 202.63 725.35 Td (has ) Tj ET Q q 0 0 0 rg BT 216.22 725.35 Td (historically ) Tj ET Q q 0 0 0 rg BT 258.30 725.35 Td (been ) Tj ET Q q 0 0 0 rg BT 276.89 725.35 Td (a ) Tj ET Q q 0 0 0 rg BT 282.47 725.35 Td (strong ) Tj ET Q q 0 0 0 rg BT 306.57 725.35 Td (link ) Tj ET Q q 0 0 0 rg BT 322.16 725.35 Td (between ) Tj ET Q q 0 0 0 rg BT 353.74 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 366.33 725.35 Td (development ) Tj ET Q q 0 0 0 rg BT 414.40 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 423.50 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 436.08 725.35 Td (world ) Tj ET Q q 0 0 0 rg BT 458.67 725.35 Td (economy ) Tj ET Q q 0 0 0 rg BT 493.26 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 507.84 725.35 Td (demand ) Tj ET Q q 0 0 0 rg BT 537.93 725.35 Td (for ) Tj ET Q q 0 0 0 rg BT 550.02 725.35 Td (ener) Tj ET Q q 0 0 0 rg BT 565.34 725.35 Td (gy) Tj ET Q q 0 0 0 rg BT 573.75 725.35 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (including ) Tj ET Q q 0 0 0 rg BT 72.67 714.55 Td (oil ) Tj ET Q q 0 0 0 rg BT 84.84 714.55 Td (and ) Tj ET Q q 0 0 0 rg BT 100.50 714.55 Td (gas. ) Tj ET Q q 0 0 0 rg BT 117.23 714.55 Td (The ) Tj ET Q q 0 0 0 rg BT 133.89 714.55 Td (world ) Tj ET Q q 0 0 0 rg BT 157.56 714.55 Td (economy ) Tj ET Q q 0 0 0 rg BT 193.22 714.55 Td (is ) Tj ET Q q 0 0 0 rg BT 201.89 714.55 Td (currently ) Tj ET Q q 0 0 0 rg BT 237.05 714.55 Td (facing ) Tj ET Q q 0 0 0 rg BT 262.21 714.55 Td (a ) Tj ET Q q 0 0 0 rg BT 268.87 714.55 Td (number ) Tj ET Q q 0 0 0 rg BT 299.04 714.55 Td (of ) Tj ET Q q 0 0 0 rg BT 309.20 714.55 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 352.11 714.55 Td (including ) Tj ET Q q 0 0 0 rg BT 388.77 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 402.44 714.55 Td (economic ) Tj ET Q q 0 0 0 rg BT 440.10 714.55 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 479.77 714.55 Td (in ) Tj ET Q q 0 0 0 rg BT 489.44 714.55 Td (China. ) Tj ET Q q 0 0 0 rg BT 515.86 714.55 Td (Concerns ) Tj ET Q q 0 0 0 rg BT 552.52 714.55 Td (persist ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 72.92 703.75 Td (the ) Tj ET Q q 0 0 0 rg BT 86.36 703.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 104.29 703.75 Td (burden ) Tj ET Q q 0 0 0 rg BT 131.72 703.75 Td (of ) Tj ET Q q 0 0 0 rg BT 141.66 703.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 168.58 703.75 Td (eurozone ) Tj ET Q q 0 0 0 rg BT 204.00 703.75 Td (countries ) Tj ET Q q 0 0 0 rg BT 239.43 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 254.86 703.75 Td (their ) Tj ET Q q 0 0 0 rg BT 273.79 703.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 299.23 703.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.67 703.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 328.60 703.75 Td (future ) Tj ET Q q 0 0 0 rg BT 352.52 703.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.45 703.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 428.88 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 444.32 703.75 Td (the ) Tj ET Q q 0 0 0 rg BT 457.75 703.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 485.18 703.75 Td (stability ) Tj ET Q q 0 0 0 rg BT 516.62 703.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.55 703.75 Td (the ) Tj ET Q q 0 0 0 rg BT 539.99 703.75 Td (euro. ) Tj ET Q q 0 0 0 rg BT 560.67 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 563.11 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 565.01 703.75 Td (An ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.95 Td (extended ) Tj ET Q q 0 0 0 rg BT 71.34 692.95 Td (period ) Tj ET Q q 0 0 0 rg BT 97.19 692.95 Td (of ) Tj ET Q q 0 0 0 rg BT 107.54 692.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 137.88 692.95 Td (development ) Tj ET Q q 0 0 0 rg BT 187.22 692.95 Td (in ) Tj ET Q q 0 0 0 rg BT 197.08 692.95 Td (the ) Tj ET Q q 0 0 0 rg BT 210.93 692.95 Td (outlook ) Tj ET Q q 0 0 0 rg BT 241.29 692.95 Td (for ) Tj ET Q q 0 0 0 rg BT 254.64 692.95 Td (European ) Tj ET Q q 0 0 0 rg BT 291.98 692.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 327.83 692.95 Td (could ) Tj ET Q q 0 0 0 rg BT 350.68 692.95 Td (reduce ) Tj ET Q q 0 0 0 rg BT 377.52 692.95 Td (the ) Tj ET Q q 0 0 0 rg BT 391.37 692.95 Td (overall ) Tj ET Q q 0 0 0 rg BT 419.21 692.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 450.56 692.95 Td (for ) Tj ET Q q 0 0 0 rg BT 463.91 692.95 Td (oil ) Tj ET Q q 0 0 0 rg BT 476.27 692.95 Td (and ) Tj ET Q q 0 0 0 rg BT 492.12 692.95 Td (natural ) Tj ET Q q 0 0 0 rg BT 519.96 692.95 Td (gas ) Tj ET Q q 0 0 0 rg BT 534.81 692.95 Td (and ) Tj ET Q q 0 0 0 rg BT 550.67 692.95 Td (for ) Tj ET Q q 0 0 0 rg BT 564.02 692.95 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 682.15 Td (services. ) Tj ET Q q 0 0 0 rg BT 68.53 682.15 Td (These ) Tj ET Q q 0 0 0 rg BT 91.41 682.15 Td (potential ) Tj ET Q q 0 0 0 rg BT 124.29 682.15 Td (developments, ) Tj ET Q q 0 0 0 rg BT 177.92 682.15 Td (or ) Tj ET Q q 0 0 0 rg BT 186.81 682.15 Td (market ) Tj ET Q q 0 0 0 rg BT 213.19 682.15 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 256.07 682.15 Td (concerning ) Tj ET Q q 0 0 0 rg BT 297.44 682.15 Td (these ) Tj ET Q q 0 0 0 rg BT 317.33 682.15 Td (and ) Tj ET Q q 0 0 0 rg BT 331.71 682.15 Td (related ) Tj ET Q q 0 0 0 rg BT 357.59 682.15 Td (issues, ) Tj ET Q q 0 0 0 rg BT 382.73 682.15 Td (could ) Tj ET Q q 0 0 0 rg BT 404.12 682.15 Td (af) Tj ET Q q 0 0 0 rg BT 410.95 682.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 425.83 682.15 Td (our ) Tj ET Q q 0 0 0 rg BT 439.21 682.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 472.09 682.15 Td (position, ) Tj ET Q q 0 0 0 rg BT 504.74 682.15 Td (results ) Tj ET Q q 0 0 0 rg BT 529.63 682.15 Td (of ) Tj ET Q q 0 0 0 rg BT 538.51 682.15 Td (operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 671.35 Td (and ) Tj ET Q q 0 0 0 rg BT 51.04 671.35 Td (profitability) Tj ET Q q 0 0 0 rg BT 93.45 671.35 Td (, ) Tj ET Q q 0 0 0 rg BT 97.74 671.35 Td (and ) Tj ET Q q 0 0 0 rg BT 112.78 671.35 Td (may ) Tj ET Q q 0 0 0 rg BT 130.32 671.35 Td (have ) Tj ET Q q 0 0 0 rg BT 149.35 671.35 Td (a ) Tj ET Q q 0 0 0 rg BT 155.39 671.35 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 216.42 671.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 242.95 671.35 Td (on ) Tj ET Q q 0 0 0 rg BT 254.00 671.35 Td (us ) Tj ET Q q 0 0 0 rg BT 264.04 671.35 Td (because ) Tj ET Q q 0 0 0 rg BT 294.57 671.35 Td (we ) Tj ET Q q 0 0 0 rg BT 307.10 671.35 Td (currently ) Tj ET Q q 0 0 0 rg BT 341.63 671.35 Td (operate ) Tj ET Q q 0 0 0 rg BT 370.16 671.35 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 413.19 671.35 Td (of) Tj ET Q q 0 0 0 rg BT 420.52 671.35 Td (fshore ) Tj ET Q q 0 0 0 rg BT 445.06 671.35 Td (in ) Tj ET Q q 0 0 0 rg BT 454.10 671.35 Td (Norway ) Tj ET Q q 0 0 0 rg BT 485.13 671.35 Td (and ) Tj ET Q q 0 0 0 rg BT 500.17 671.35 Td (the ) Tj ET Q q 0 0 0 rg BT 513.21 671.35 Td (United ) Tj ET Q q 0 0 0 rg BT 539.75 671.35 Td (Kingdom. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 660.55 Td (This ) Tj ET Q q 0 0 0 rg BT 54.31 660.55 Td (includes ) Tj ET Q q 0 0 0 rg BT 86.61 660.55 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 129.40 660.55 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 175.21 660.55 Td (the ) Tj ET Q q 0 0 0 rg BT 188.51 660.55 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 225.81 660.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 243.61 660.55 Td (and ) Tj ET Q q 0 0 0 rg BT 258.91 660.55 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.71 660.55 Td (crises ) Tj ET Q q 0 0 0 rg BT 304.51 660.55 Td (in ) Tj ET Q q 0 0 0 rg BT 313.82 660.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 340.61 660.55 Td (European ) Tj ET Q q 0 0 0 rg BT 377.40 660.55 Td (countries ) Tj ET Q q 0 0 0 rg BT 412.70 660.55 Td (and ) Tj ET Q q 0 0 0 rg BT 428.00 660.55 Td (the ) Tj ET Q q 0 0 0 rg BT 441.30 660.55 Td (continued ) Tj ET Q q 0 0 0 rg BT 479.10 660.55 Td (economic ) Tj ET Q q 0 0 0 rg BT 516.39 660.55 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 555.70 660.55 Td (in ) Tj ET Q q 0 0 0 rg BT 565.01 660.55 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 649.75 Td (Asia ) Tj ET Q q 0 0 0 rg BT 54.13 649.75 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 80.76 649.75 Td (region, ) Tj ET Q q 0 0 0 rg BT 107.64 649.75 Td (including ) Tj ET Q q 0 0 0 rg BT 143.27 649.75 Td (Japan ) Tj ET Q q 0 0 0 rg BT 165.40 649.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.03 649.75 Td (China. ) Tj ET Q q 0 0 0 rg BT 205.42 649.75 Td (In ) Tj ET Q q 0 0 0 rg BT 214.55 649.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 247.94 649.75 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 276.07 649.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.70 649.75 Td (hostilities ) Tj ET Q q 0 0 0 rg BT 327.34 649.75 Td (in ) Tj ET Q q 0 0 0 rg BT 335.98 649.75 Td (Ukraine, ) Tj ET Q q 0 0 0 rg BT 368.85 649.75 Td (Korea, ) Tj ET Q q 0 0 0 rg BT 394.73 649.75 Td (the ) Tj ET Q q 0 0 0 rg BT 407.36 649.75 Td (Middle ) Tj ET Q q 0 0 0 rg BT 434.99 649.75 Td (East, ) Tj ET Q q 0 0 0 rg BT 454.38 649.75 Td (North ) Tj ET Q q 0 0 0 rg BT 476.65 649.75 Td (Africa ) Tj ET Q q 0 0 0 rg BT 501.27 649.75 Td (and ) Tj ET Q q 0 0 0 rg BT 515.90 649.75 Td (other ) Tj ET Q q 0 0 0 rg BT 536.03 649.75 Td (geographic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 638.95 Td (areas ) Tj ET Q q 0 0 0 rg BT 56.73 638.95 Td (and ) Tj ET Q q 0 0 0 rg BT 71.98 638.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 107.22 638.95 Td (are ) Tj ET Q q 0 0 0 rg BT 120.45 638.95 Td (adding ) Tj ET Q q 0 0 0 rg BT 147.20 638.95 Td (to ) Tj ET Q q 0 0 0 rg BT 156.45 638.95 Td (overall ) Tj ET Q q 0 0 0 rg BT 183.69 638.95 Td (risk. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 611.35 Td (In ) Tj ET Q q 0 0 0 rg BT 45.76 611.35 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.76 611.35 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 120.51 611.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.25 611.35 Td (and ) Tj ET Q q 0 0 0 rg BT 169.51 611.35 Td (economic ) Tj ET Q q 0 0 0 rg BT 206.75 611.35 Td (conditions ) Tj ET Q q 0 0 0 rg BT 246.51 611.35 Td (could ) Tj ET Q q 0 0 0 rg BT 268.76 611.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 291.01 611.35 Td (our ) Tj ET Q q 0 0 0 rg BT 305.26 611.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 330.52 611.35 Td (to ) Tj ET Q q 0 0 0 rg BT 339.78 611.35 Td (access ) Tj ET Q q 0 0 0 rg BT 365.02 611.35 Td (the ) Tj ET Q q 0 0 0 rg BT 378.27 611.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 404.52 611.35 Td (markets ) Tj ET Q q 0 0 0 rg BT 435.27 611.35 Td (to ) Tj ET Q q 0 0 0 rg BT 444.52 611.35 Td (be ) Tj ET Q q 0 0 0 rg BT 455.28 611.35 Td (severely ) Tj ET Q q 0 0 0 rg BT 487.52 611.35 Td (restricted ) Tj ET Q q 0 0 0 rg BT 523.26 611.35 Td (at ) Tj ET Q q 0 0 0 rg BT 532.02 611.35 Td (a ) Tj ET Q q 0 0 0 rg BT 538.27 611.35 Td (time ) Tj ET Q q 0 0 0 rg BT 556.52 611.35 Td (when ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 600.55 Td (we ) Tj ET Q q 0 0 0 rg BT 49.38 600.55 Td (would ) Tj ET Q q 0 0 0 rg BT 74.77 600.55 Td (like, ) Tj ET Q q 0 0 0 rg BT 93.41 600.55 Td (or ) Tj ET Q q 0 0 0 rg BT 103.80 600.55 Td (need, ) Tj ET Q q 0 0 0 rg BT 125.92 600.55 Td (to ) Tj ET Q q 0 0 0 rg BT 135.81 600.55 Td (access ) Tj ET Q q 0 0 0 rg BT 161.69 600.55 Td (such ) Tj ET Q q 0 0 0 rg BT 181.07 600.55 Td (markets, ) Tj ET Q q 0 0 0 rg BT 214.70 600.55 Td (which ) Tj ET Q q 0 0 0 rg BT 239.59 600.55 Td (could ) Tj ET Q q 0 0 0 rg BT 262.47 600.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 289.85 600.55 Td (our ) Tj ET Q q 0 0 0 rg BT 304.74 600.55 Td (ability ) Tj ET Q q 0 0 0 rg BT 330.63 600.55 Td (to ) Tj ET Q q 0 0 0 rg BT 340.52 600.55 Td (react ) Tj ET Q q 0 0 0 rg BT 360.89 600.55 Td (to ) Tj ET Q q 0 0 0 rg BT 370.78 600.55 Td (changing ) Tj ET Q q 0 0 0 rg BT 406.66 600.55 Td (economic ) Tj ET Q q 0 0 0 rg BT 444.53 600.55 Td (and ) Tj ET Q q 0 0 0 rg BT 460.42 600.55 Td (business ) Tj ET Q q 0 0 0 rg BT 493.81 600.55 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 536.24 600.55 Td (W) Tj ET Q q 0 0 0 rg BT 544.01 600.55 Td (orldwide ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 589.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 72.70 589.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 111.91 589.75 Td (have ) Tj ET Q q 0 0 0 rg BT 130.61 589.75 Td (in ) Tj ET Q q 0 0 0 rg BT 139.33 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 152.04 589.75 Td (past ) Tj ET Q q 0 0 0 rg BT 168.25 589.75 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 205.20 589.75 Td (and ) Tj ET Q q 0 0 0 rg BT 219.91 589.75 Td (could ) Tj ET Q q 0 0 0 rg BT 241.62 589.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.33 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.04 589.75 Td (future ) Tj ET Q q 0 0 0 rg BT 286.24 589.75 Td (impact, ) Tj ET Q q 0 0 0 rg BT 314.70 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.41 589.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 355.11 589.75 Td (participating ) Tj ET Q q 0 0 0 rg BT 402.31 589.75 Td (in ) Tj ET Q q 0 0 0 rg BT 411.02 589.75 Td (our ) Tj ET Q q 0 0 0 rg BT 424.73 589.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 446.93 589.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 479.63 589.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.34 589.75 Td (our ) Tj ET Q q 0 0 0 rg BT 508.05 589.75 Td (customers, ) Tj ET Q q 0 0 0 rg BT 548.51 589.75 Td (causing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 578.95 Td (them ) Tj ET Q q 0 0 0 rg BT 56.39 578.95 Td (to ) Tj ET Q q 0 0 0 rg BT 65.79 578.95 Td (fail ) Tj ET Q q 0 0 0 rg BT 80.17 578.95 Td (to ) Tj ET Q q 0 0 0 rg BT 89.57 578.95 Td (meet ) Tj ET Q q 0 0 0 rg BT 109.45 578.95 Td (their ) Tj ET Q q 0 0 0 rg BT 128.34 578.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 170.74 578.95 Td (to ) Tj ET Q q 0 0 0 rg BT 180.13 578.95 Td (us. ) Tj ET Q q 0 0 0 rg BT 192.78 578.95 Td (In ) Tj ET Q q 0 0 0 rg BT 202.67 578.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 236.81 578.95 Td (a ) Tj ET Q q 0 0 0 rg BT 243.20 578.95 Td (portion ) Tj ET Q q 0 0 0 rg BT 271.60 578.95 Td (of ) Tj ET Q q 0 0 0 rg BT 281.49 578.95 Td (the ) Tj ET Q q 0 0 0 rg BT 294.88 578.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 317.76 578.95 Td (under ) Tj ET Q q 0 0 0 rg BT 340.65 578.95 Td (our ) Tj ET Q q 0 0 0 rg BT 355.04 578.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 377.92 578.95 Td (facilities ) Tj ET Q q 0 0 0 rg BT 411.30 578.95 Td (is ) Tj ET Q q 0 0 0 rg BT 419.70 578.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 454.09 578.95 Td (by ) Tj ET Q q 0 0 0 rg BT 465.48 578.95 Td (European ) Tj ET Q q 0 0 0 rg BT 502.36 578.95 Td (banking ) Tj ET Q q 0 0 0 rg BT 533.75 578.95 Td (institutions. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 568.15 Td (If ) Tj ET Q q 0 0 0 rg BT 43.36 568.15 Td (economic ) Tj ET Q q 0 0 0 rg BT 79.71 568.15 Td (conditions ) Tj ET Q q 0 0 0 rg BT 118.57 568.15 Td (in ) Tj ET Q q 0 0 0 rg BT 126.94 568.15 Td (Europe ) Tj ET Q q 0 0 0 rg BT 154.29 568.15 Td (preclude ) Tj ET Q q 0 0 0 rg BT 186.64 568.15 Td (or ) Tj ET Q q 0 0 0 rg BT 195.50 568.15 Td (limit ) Tj ET Q q 0 0 0 rg BT 213.87 568.15 Td (financing ) Tj ET Q q 0 0 0 rg BT 249.22 568.15 Td (from ) Tj ET Q q 0 0 0 rg BT 268.08 568.15 Td (these ) Tj ET Q q 0 0 0 rg BT 287.93 568.15 Td (banking ) Tj ET Q q 0 0 0 rg BT 318.29 568.15 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 361.92 568.15 Td (we ) Tj ET Q q 0 0 0 rg BT 373.78 568.15 Td (may ) Tj ET Q q 0 0 0 rg BT 390.64 568.15 Td (not ) Tj ET Q q 0 0 0 rg BT 403.50 568.15 Td (be ) Tj ET Q q 0 0 0 rg BT 413.36 568.15 Td (able ) Tj ET Q q 0 0 0 rg BT 429.71 568.15 Td (to ) Tj ET Q q 0 0 0 rg BT 438.08 568.15 Td (obtain ) Tj ET Q q 0 0 0 rg BT 461.94 568.15 Td (financing ) Tj ET Q q 0 0 0 rg BT 497.29 568.15 Td (from ) Tj ET Q q 0 0 0 rg BT 516.15 568.15 Td (other ) Tj ET Q q 0 0 0 rg BT 536.01 568.15 Td (institutions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.35 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 557.35 Td (terms ) Tj ET Q q 0 0 0 rg BT 69.50 557.35 Td (that ) Tj ET Q q 0 0 0 rg BT 85.24 557.35 Td (are ) Tj ET Q q 0 0 0 rg BT 98.48 557.35 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 138.70 557.35 Td (to ) Tj ET Q q 0 0 0 rg BT 147.95 557.35 Td (us, ) Tj ET Q q 0 0 0 rg BT 160.45 557.35 Td (or ) Tj ET Q q 0 0 0 rg BT 170.20 557.35 Td (at ) Tj ET Q q 0 0 0 rg BT 178.94 557.35 Td (all, ) Tj ET Q q 0 0 0 rg BT 192.44 557.35 Td (even ) Tj ET Q q 0 0 0 rg BT 211.68 557.35 Td (if ) Tj ET Q q 0 0 0 rg BT 219.42 557.35 Td (conditions ) Tj ET Q q 0 0 0 rg BT 259.17 557.35 Td (outside ) Tj ET Q q 0 0 0 rg BT 287.42 557.35 Td (Europe ) Tj ET Q q 0 0 0 rg BT 315.66 557.35 Td (remain ) Tj ET Q q 0 0 0 rg BT 342.90 557.35 Td (favorable ) Tj ET Q q 0 0 0 rg BT 379.13 557.35 Td (for ) Tj ET Q q 0 0 0 rg BT 391.87 557.35 Td (lending.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.75 Td (An ) Tj ET Q q 0 0 0 rg BT 49.04 529.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 83.56 529.75 Td (period ) Tj ET Q q 0 0 0 rg BT 108.59 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.12 529.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 147.64 529.75 Td (development ) Tj ET Q q 0 0 0 rg BT 196.16 529.75 Td (in ) Tj ET Q q 0 0 0 rg BT 205.20 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.23 529.75 Td (outlook ) Tj ET Q q 0 0 0 rg BT 247.77 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 260.30 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 273.34 529.75 Td (world ) Tj ET Q q 0 0 0 rg BT 296.37 529.75 Td (economy ) Tj ET Q q 0 0 0 rg BT 331.40 529.75 Td (could ) Tj ET Q q 0 0 0 rg BT 353.43 529.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 379.45 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.48 529.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 419.50 529.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 450.03 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 462.56 529.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 474.10 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 489.13 529.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 503.17 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.20 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 530.73 529.75 Td (our ) Tj ET Q q 0 0 0 rg BT 544.76 529.75 Td (services. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.95 Td (Such ) Tj ET Q q 0 0 0 rg BT 56.25 518.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 87.49 518.95 Td (could ) Tj ET Q q 0 0 0 rg BT 109.73 518.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 146.47 518.95 Td (af) Tj ET Q q 0 0 0 rg BT 153.29 518.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 169.03 518.95 Td (our ) Tj ET Q q 0 0 0 rg BT 183.28 518.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.01 518.95 Td (condition, ) Tj ET Q q 0 0 0 rg BT 255.51 518.95 Td (results ) Tj ET Q q 0 0 0 rg BT 281.25 518.95 Td (of ) Tj ET Q q 0 0 0 rg BT 291.00 518.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 330.74 518.95 Td (and ) Tj ET Q q 0 0 0 rg BT 345.99 518.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.23 518.95 Td (flows.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 491.35 Td (Failure ) Tj ET Q q 0 0 0 rg BT 66.26 491.35 Td (to ) Tj ET Q q 0 0 0 rg BT 75.51 491.35 Td (obtain ) Tj ET Q q 0 0 0 rg BT 101.26 491.35 Td (or ) Tj ET Q q 0 0 0 rg BT 111.52 491.35 Td (retain ) Tj ET Q q 0 0 0 rg BT 135.77 491.35 Td (highly ) Tj ET Q q 0 0 0 rg BT 161.53 491.35 Td (skilled ) Tj ET Q q 0 0 0 rg BT 187.77 491.35 Td (personnel ) Tj ET Q q 0 0 0 rg BT 226.53 491.35 Td (could ) Tj ET Q q 0 0 0 rg BT 249.28 491.35 Td (adversely ) Tj ET Q q 0 0 0 rg BT 286.01 491.35 Td (af) Tj ET Q q 0 0 0 rg BT 293.35 491.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 309.08 491.35 Td (our ) Tj ET Q q 0 0 0 rg BT 324.34 491.35 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.55 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 477.55 Td (e ) Tj ET Q q 0 0 0 rg BT 50.65 477.55 Td (require ) Tj ET Q q 0 0 0 rg BT 79.02 477.55 Td (highly ) Tj ET Q q 0 0 0 rg BT 104.91 477.55 Td (skilled ) Tj ET Q q 0 0 0 rg BT 131.80 477.55 Td (personnel ) Tj ET Q q 0 0 0 rg BT 169.67 477.55 Td (to ) Tj ET Q q 0 0 0 rg BT 179.56 477.55 Td (operate ) Tj ET Q q 0 0 0 rg BT 208.93 477.55 Td (and ) Tj ET Q q 0 0 0 rg BT 224.81 477.55 Td (provide ) Tj ET Q q 0 0 0 rg BT 255.19 477.55 Td (technical ) Tj ET Q q 0 0 0 rg BT 290.55 477.55 Td (services ) Tj ET Q q 0 0 0 rg BT 322.42 477.55 Td (and ) Tj ET Q q 0 0 0 rg BT 338.31 477.55 Td (support ) Tj ET Q q 0 0 0 rg BT 368.19 477.55 Td (for ) Tj ET Q q 0 0 0 rg BT 381.57 477.55 Td (our ) Tj ET Q q 0 0 0 rg BT 396.46 477.55 Td (business. ) Tj ET Q q 0 0 0 rg BT 432.09 477.55 Td (Competition ) Tj ET Q q 0 0 0 rg BT 479.98 477.55 Td (for ) Tj ET Q q 0 0 0 rg BT 493.36 477.55 Td (skilled ) Tj ET Q q 0 0 0 rg BT 520.25 477.55 Td (and ) Tj ET Q q 0 0 0 rg BT 536.13 477.55 Td (other ) Tj ET Q q 0 0 0 rg BT 557.50 477.55 Td (labor ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.75 Td (required ) Tj ET Q q 0 0 0 rg BT 68.29 466.75 Td (for ) Tj ET Q q 0 0 0 rg BT 81.10 466.75 Td (our ) Tj ET Q q 0 0 0 rg BT 95.41 466.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 124.22 466.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 164.02 466.75 Td (has ) Tj ET Q q 0 0 0 rg BT 178.32 466.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 214.61 466.75 Td (in ) Tj ET Q q 0 0 0 rg BT 223.92 466.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 248.22 466.75 Td (years ) Tj ET Q q 0 0 0 rg BT 269.52 466.75 Td (as ) Tj ET Q q 0 0 0 rg BT 279.32 466.75 Td (the ) Tj ET Q q 0 0 0 rg BT 292.63 466.75 Td (number ) Tj ET Q q 0 0 0 rg BT 322.43 466.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.24 466.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 361.05 466.75 Td (rigs ) Tj ET Q q 0 0 0 rg BT 376.86 466.75 Td (activated ) Tj ET Q q 0 0 0 rg BT 411.65 466.75 Td (or ) Tj ET Q q 0 0 0 rg BT 421.46 466.75 Td (added ) Tj ET Q q 0 0 0 rg BT 445.26 466.75 Td (to ) Tj ET Q q 0 0 0 rg BT 454.57 466.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 495.37 466.75 Td (fleets ) Tj ET Q q 0 0 0 rg BT 517.17 466.75 Td (has ) Tj ET Q q 0 0 0 rg BT 531.48 466.75 Td (increased. ) Tj ET Q q 0 0 0 rg BT 570.02 466.75 Td (If ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.95 Td (this ) Tj ET Q q 0 0 0 rg BT 50.93 455.95 Td (expansion ) Tj ET Q q 0 0 0 rg BT 89.35 455.95 Td (continues ) Tj ET Q q 0 0 0 rg BT 125.76 455.95 Td (and ) Tj ET Q q 0 0 0 rg BT 140.68 455.95 Td (is ) Tj ET Q q 0 0 0 rg BT 148.61 455.95 Td (coupled ) Tj ET Q q 0 0 0 rg BT 179.02 455.95 Td (with ) Tj ET Q q 0 0 0 rg BT 196.95 455.95 Td (improved ) Tj ET Q q 0 0 0 rg BT 233.37 455.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 263.78 455.95 Td (for ) Tj ET Q q 0 0 0 rg BT 276.20 455.95 Td (drilling ) Tj ET Q q 0 0 0 rg BT 304.62 455.95 Td (services ) Tj ET Q q 0 0 0 rg BT 335.54 455.95 Td (in ) Tj ET Q q 0 0 0 rg BT 344.46 455.95 Td (general, ) Tj ET Q q 0 0 0 rg BT 375.12 455.95 Td (shortages ) Tj ET Q q 0 0 0 rg BT 411.03 455.95 Td (of ) Tj ET Q q 0 0 0 rg BT 420.46 455.95 Td (qualified ) Tj ET Q q 0 0 0 rg BT 454.37 455.95 Td (personnel ) Tj ET Q q 0 0 0 rg BT 491.28 455.95 Td (could ) Tj ET Q q 0 0 0 rg BT 513.20 455.95 Td (further ) Tj ET Q q 0 0 0 rg BT 539.61 455.95 Td (create ) Tj ET Q q 0 0 0 rg BT 563.01 455.95 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 445.15 Td (intensify ) Tj ET Q q 0 0 0 rg BT 70.03 445.15 Td (upward ) Tj ET Q q 0 0 0 rg BT 99.56 445.15 Td (pressure ) Tj ET Q q 0 0 0 rg BT 132.09 445.15 Td (on ) Tj ET Q q 0 0 0 rg BT 143.63 445.15 Td (wages ) Tj ET Q q 0 0 0 rg BT 168.66 445.15 Td (and ) Tj ET Q q 0 0 0 rg BT 184.20 445.15 Td (make ) Tj ET Q q 0 0 0 rg BT 206.22 445.15 Td (it ) Tj ET Q q 0 0 0 rg BT 213.76 445.15 Td (more ) Tj ET Q q 0 0 0 rg BT 234.80 445.15 Td (dif) Tj ET Q q 0 0 0 rg BT 244.63 445.15 Td (ficult ) Tj ET Q q 0 0 0 rg BT 266.16 445.15 Td (for ) Tj ET Q q 0 0 0 rg BT 279.20 445.15 Td (us ) Tj ET Q q 0 0 0 rg BT 289.74 445.15 Td (to ) Tj ET Q q 0 0 0 rg BT 299.28 445.15 Td (staf) Tj ET Q q 0 0 0 rg BT 312.11 445.15 Td (f ) Tj ET Q q 0 0 0 rg BT 317.65 445.15 Td (and ) Tj ET Q q 0 0 0 rg BT 333.18 445.15 Td (service ) Tj ET Q q 0 0 0 rg BT 361.20 445.15 Td (our ) Tj ET Q q 0 0 0 rg BT 375.74 445.15 Td (drilling ) Tj ET Q q 0 0 0 rg BT 404.78 445.15 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 423.06 445.15 Td (Such ) Tj ET Q q 0 0 0 rg BT 443.60 445.15 Td (developments ) Tj ET Q q 0 0 0 rg BT 496.13 445.15 Td (could ) Tj ET Q q 0 0 0 rg BT 518.67 445.15 Td (adversely ) Tj ET Q q 0 0 0 rg BT 555.69 445.15 Td (af) Tj ET Q q 0 0 0 rg BT 562.52 445.15 Td (fect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.35 Td (our ) Tj ET Q q 0 0 0 rg BT 50.24 434.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 83.97 434.35 Td (results ) Tj ET Q q 0 0 0 rg BT 109.71 434.35 Td (and ) Tj ET Q q 0 0 0 rg BT 124.95 434.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.19 434.35 Td (flow) Tj ET Q q 0 0 0 rg BT 159.10 434.35 Td (. ) Tj ET Q q 0 0 0 rg BT 163.60 434.35 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 213.08 434.35 Td (as ) Tj ET Q q 0 0 0 rg BT 222.82 434.35 Td (a ) Tj ET Q q 0 0 0 rg BT 229.06 434.35 Td (result ) Tj ET Q q 0 0 0 rg BT 251.31 434.35 Td (of ) Tj ET Q q 0 0 0 rg BT 261.05 434.35 Td (any ) Tj ET Q q 0 0 0 rg BT 276.29 434.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 312.51 434.35 Td (competition ) Tj ET Q q 0 0 0 rg BT 357.75 434.35 Td (for ) Tj ET Q q 0 0 0 rg BT 370.49 434.35 Td (people ) Tj ET Q q 0 0 0 rg BT 396.73 434.35 Td (and ) Tj ET Q q 0 0 0 rg BT 411.97 434.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 427.71 434.35 Td (for ) Tj ET Q q 0 0 0 rg BT 440.45 434.35 Td (higher ) Tj ET Q q 0 0 0 rg BT 465.69 434.35 Td (turnover) Tj ET Q q 0 0 0 rg BT 495.82 434.35 Td (, ) Tj ET Q q 0 0 0 rg BT 500.31 434.35 Td (we ) Tj ET Q q 0 0 0 rg BT 513.05 434.35 Td (may ) Tj ET Q q 0 0 0 rg BT 530.79 434.35 Td (experience ) Tj ET Q q 0 0 0 rg BT 572.01 434.35 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 423.55 Td (reduction ) Tj ET Q q 0 0 0 rg BT 72.24 423.55 Td (in ) Tj ET Q q 0 0 0 rg BT 81.49 423.55 Td (the ) Tj ET Q q 0 0 0 rg BT 94.73 423.55 Td (experience ) Tj ET Q q 0 0 0 rg BT 135.95 423.55 Td (level ) Tj ET Q q 0 0 0 rg BT 155.69 423.55 Td (of ) Tj ET Q q 0 0 0 rg BT 165.44 423.55 Td (our ) Tj ET Q q 0 0 0 rg BT 179.69 423.55 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 219.18 423.55 Td (which ) Tj ET Q q 0 0 0 rg BT 243.42 423.55 Td (could ) Tj ET Q q 0 0 0 rg BT 265.67 423.55 Td (lead ) Tj ET Q q 0 0 0 rg BT 282.91 423.55 Td (to ) Tj ET Q q 0 0 0 rg BT 292.16 423.55 Td (higher ) Tj ET Q q 0 0 0 rg BT 317.40 423.55 Td (downtime ) Tj ET Q q 0 0 0 rg BT 355.65 423.55 Td (and ) Tj ET Q q 0 0 0 rg BT 370.89 423.55 Td (more ) Tj ET Q q 0 0 0 rg BT 391.63 423.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 427.87 423.55 Td (incidents.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 395.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.18 395.95 Td (labor ) Tj ET Q q 0 0 0 rg BT 74.85 395.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 95.03 395.95 Td (and ) Tj ET Q q 0 0 0 rg BT 111.20 395.95 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 395.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.55 395.95 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 206.23 395.95 Td (that ) Tj ET Q q 0 0 0 rg BT 222.91 395.95 Td (apply ) Tj ET Q q 0 0 0 rg BT 245.07 395.95 Td (to ) Tj ET Q q 0 0 0 rg BT 254.25 395.95 Td (us ) Tj ET Q q 0 0 0 rg BT 264.93 395.95 Td (could ) Tj ET Q q 0 0 0 rg BT 287.60 395.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 320.77 395.95 Td (as ) Tj ET Q q 0 0 0 rg BT 330.94 395.95 Td (a ) Tj ET Q q 0 0 0 rg BT 337.61 395.95 Td (result ) Tj ET Q q 0 0 0 rg BT 360.79 395.95 Td (of ) Tj ET Q q 0 0 0 rg BT 370.46 395.95 Td (collective ) Tj ET Q q 0 0 0 rg BT 407.10 395.95 Td (bargaining ) Tj ET Q q 0 0 0 rg BT 450.29 395.95 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 497.97 395.95 Td (and ) Tj ET Q q 0 0 0 rg BT 514.15 395.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 546.82 395.95 Td (in ) Tj ET Q q 0 0 0 rg BT 556.50 395.95 Td (labor ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 385.15 Td (laws ) Tj ET Q q 0 0 0 rg BT 54.76 385.15 Td (and ) Tj ET Q q 0 0 0 rg BT 71.01 385.15 Td (regulations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 371.35 Td (The ) Tj ET Q q 0 0 0 rg BT 52.46 371.35 Td (majority ) Tj ET Q q 0 0 0 rg BT 85.43 371.35 Td (of ) Tj ET Q q 0 0 0 rg BT 95.40 371.35 Td (our ) Tj ET Q q 0 0 0 rg BT 109.87 371.35 Td (employees ) Tj ET Q q 0 0 0 rg BT 150.83 371.35 Td (are ) Tj ET Q q 0 0 0 rg BT 164.29 371.35 Td (represented ) Tj ET Q q 0 0 0 rg BT 208.23 371.35 Td (by ) Tj ET Q q 0 0 0 rg BT 219.71 371.35 Td (collective ) Tj ET Q q 0 0 0 rg BT 257.16 371.35 Td (bar) Tj ET Q q 0 0 0 rg BT 268.49 371.35 Td (gaining ) Tj ET Q q 0 0 0 rg BT 297.96 371.35 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 343.66 371.35 Td (mainly ) Tj ET Q q 0 0 0 rg BT 371.13 371.35 Td (in ) Tj ET Q q 0 0 0 rg BT 380.60 371.35 Td (Norway ) Tj ET Q q 0 0 0 rg BT 412.06 371.35 Td (and ) Tj ET Q q 0 0 0 rg BT 427.53 371.35 Td (the ) Tj ET Q q 0 0 0 rg BT 441.00 371.35 Td (United ) Tj ET Q q 0 0 0 rg BT 467.96 371.35 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 506.14 371.35 Td (As ) Tj ET Q q 0 0 0 rg BT 518.61 371.35 Td (part ) Tj ET Q q 0 0 0 rg BT 535.08 371.35 Td (of ) Tj ET Q q 0 0 0 rg BT 545.05 371.35 Td (the ) Tj ET Q q 0 0 0 rg BT 558.51 371.35 Td (legal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 360.55 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 80.51 360.55 Td (we ) Tj ET Q q 0 0 0 rg BT 93.26 360.55 Td (are ) Tj ET Q q 0 0 0 rg BT 106.50 360.55 Td (required ) Tj ET Q q 0 0 0 rg BT 138.74 360.55 Td (to ) Tj ET Q q 0 0 0 rg BT 148.00 360.55 Td (contribute ) Tj ET Q q 0 0 0 rg BT 186.74 360.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 213.48 360.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 246.24 360.55 Td (to ) Tj ET Q q 0 0 0 rg BT 255.49 360.55 Td (retirement ) Tj ET Q q 0 0 0 rg BT 294.73 360.55 Td (funds ) Tj ET Q q 0 0 0 rg BT 316.99 360.55 Td (and ) Tj ET Q q 0 0 0 rg BT 332.24 360.55 Td (pension ) Tj ET Q q 0 0 0 rg BT 362.49 360.55 Td (plans ) Tj ET Q q 0 0 0 rg BT 383.75 360.55 Td (and ) Tj ET Q q 0 0 0 rg BT 399.00 360.55 Td (are ) Tj ET Q q 0 0 0 rg BT 412.24 360.55 Td (restricted ) Tj ET Q q 0 0 0 rg BT 447.98 360.55 Td (in ) Tj ET Q q 0 0 0 rg BT 457.24 360.55 Td (our ) Tj ET Q q 0 0 0 rg BT 471.49 360.55 Td (ability ) Tj ET Q q 0 0 0 rg BT 496.75 360.55 Td (to ) Tj ET Q q 0 0 0 rg BT 506.00 360.55 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 535.27 360.55 Td (employees. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 349.75 Td (In ) Tj ET Q q 0 0 0 rg BT 45.71 349.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.68 349.75 Td (many ) Tj ET Q q 0 0 0 rg BT 101.89 349.75 Td (of ) Tj ET Q q 0 0 0 rg BT 111.60 349.75 Td (these ) Tj ET Q q 0 0 0 rg BT 132.31 349.75 Td (represented ) Tj ET Q q 0 0 0 rg BT 176.01 349.75 Td (individuals ) Tj ET Q q 0 0 0 rg BT 218.22 349.75 Td (are ) Tj ET Q q 0 0 0 rg BT 231.43 349.75 Td (working ) Tj ET Q q 0 0 0 rg BT 263.64 349.75 Td (under ) Tj ET Q q 0 0 0 rg BT 286.35 349.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 329.55 349.75 Td (that ) Tj ET Q q 0 0 0 rg BT 345.26 349.75 Td (are ) Tj ET Q q 0 0 0 rg BT 358.46 349.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 386.17 349.75 Td (to ) Tj ET Q q 0 0 0 rg BT 395.39 349.75 Td (salary ) Tj ET Q q 0 0 0 rg BT 419.10 349.75 Td (negotiation. ) Tj ET Q q 0 0 0 rg BT 463.90 349.75 Td (These ) Tj ET Q q 0 0 0 rg BT 487.60 349.75 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 533.81 349.75 Td (could ) Tj ET Q q 0 0 0 rg BT 556.02 349.75 Td (result ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 338.95 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 338.95 Td (higher ) Tj ET Q q 0 0 0 rg BT 70.49 338.95 Td (personnel ) Tj ET Q q 0 0 0 rg BT 107.73 338.95 Td (costs, ) Tj ET Q q 0 0 0 rg BT 130.23 338.95 Td (other ) Tj ET Q q 0 0 0 rg BT 150.97 338.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 187.20 338.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.45 338.95 Td (or ) Tj ET Q q 0 0 0 rg BT 217.20 338.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 253.43 338.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.67 338.95 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 331.91 338.95 Td (that ) Tj ET Q q 0 0 0 rg BT 347.65 338.95 Td (could ) Tj ET Q q 0 0 0 rg BT 369.90 338.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 406.63 338.95 Td (af) Tj ET Q q 0 0 0 rg BT 413.46 338.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 429.20 338.95 Td (our ) Tj ET Q q 0 0 0 rg BT 443.44 338.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.18 338.95 Td (performance.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 311.35 Td (An ) Tj ET Q q 0 0 0 rg BT 49.91 311.35 Td (inability ) Tj ET Q q 0 0 0 rg BT 83.32 311.35 Td (to ) Tj ET Q q 0 0 0 rg BT 93.23 311.35 Td (obtain ) Tj ET Q q 0 0 0 rg BT 119.64 311.35 Td (visas ) Tj ET Q q 0 0 0 rg BT 140.55 311.35 Td (and ) Tj ET Q q 0 0 0 rg BT 157.46 311.35 Td (work ) Tj ET Q q 0 0 0 rg BT 178.87 311.35 Td (permits ) Tj ET Q q 0 0 0 rg BT 209.28 311.35 Td (for ) Tj ET Q q 0 0 0 rg BT 223.18 311.35 Td (our ) Tj ET Q q 0 0 0 rg BT 239.09 311.35 Td (employees ) Tj ET Q q 0 0 0 rg BT 279.98 311.35 Td (on ) Tj ET Q q 0 0 0 rg BT 292.39 311.35 Td (a ) Tj ET Q q 0 0 0 rg BT 299.80 311.35 Td (timely ) Tj ET Q q 0 0 0 rg BT 325.20 311.35 Td (basis ) Tj ET Q q 0 0 0 rg BT 346.61 311.35 Td (could ) Tj ET Q q 0 0 0 rg BT 370.01 311.35 Td (hurt ) Tj ET Q q 0 0 0 rg BT 388.93 311.35 Td (our ) Tj ET Q q 0 0 0 rg BT 404.85 311.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 446.76 311.35 Td (and ) Tj ET Q q 0 0 0 rg BT 463.67 311.35 Td (have ) Tj ET Q q 0 0 0 rg BT 484.07 311.35 Td (an ) Tj ET Q q 0 0 0 rg BT 496.48 311.35 Td (adverse ) Tj ET Q q 0 0 0 rg BT 527.38 311.35 Td (ef) Tj ET Q q 0 0 0 rg BT 534.20 311.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 550.60 311.35 Td (on ) Tj ET Q q 0 0 0 rg BT 563.01 311.35 Td (our ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 300.55 Td (business.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 286.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.00 286.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.00 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 86.01 286.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 114.49 286.75 Td (in ) Tj ET Q q 0 0 0 rg BT 123.50 286.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 161.00 286.75 Td (countries ) Tj ET Q q 0 0 0 rg BT 195.99 286.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 227.49 286.75 Td (on ) Tj ET Q q 0 0 0 rg BT 238.50 286.75 Td (our ) Tj ET Q q 0 0 0 rg BT 252.50 286.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 277.50 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 286.50 286.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 311.00 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 324.00 286.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 360.99 286.75 Td (visas ) Tj ET Q q 0 0 0 rg BT 381.00 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 395.99 286.75 Td (work ) Tj ET Q q 0 0 0 rg BT 416.50 286.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 445.50 286.75 Td (for ) Tj ET Q q 0 0 0 rg BT 458.00 286.75 Td (our ) Tj ET Q q 0 0 0 rg BT 472.00 286.75 Td (personnel ) Tj ET Q q 0 0 0 rg BT 508.99 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 518.00 286.75 Td (travel ) Tj ET Q q 0 0 0 rg BT 540.49 286.75 Td (in ) Tj ET Q q 0 0 0 rg BT 549.49 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 564.49 286.75 Td (out ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 275.95 Td (of, ) Tj ET Q q 0 0 0 rg BT 48.07 275.95 Td (and ) Tj ET Q q 0 0 0 rg BT 63.39 275.95 Td (to ) Tj ET Q q 0 0 0 rg BT 72.71 275.95 Td (work ) Tj ET Q q 0 0 0 rg BT 93.53 275.95 Td (in, ) Tj ET Q q 0 0 0 rg BT 105.10 275.95 Td (the ) Tj ET Q q 0 0 0 rg BT 118.42 275.95 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 165.24 275.95 Td (in ) Tj ET Q q 0 0 0 rg BT 174.57 275.95 Td (which ) Tj ET Q q 0 0 0 rg BT 198.88 275.95 Td (we ) Tj ET Q q 0 0 0 rg BT 211.70 275.95 Td (operate. ) Tj ET Q q 0 0 0 rg BT 242.75 275.95 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 296.56 275.95 Td (actions ) Tj ET Q q 0 0 0 rg BT 324.37 275.95 Td (in ) Tj ET Q q 0 0 0 rg BT 333.70 275.95 Td (some ) Tj ET Q q 0 0 0 rg BT 355.02 275.95 Td (of ) Tj ET Q q 0 0 0 rg BT 364.84 275.95 Td (the ) Tj ET Q q 0 0 0 rg BT 378.16 275.95 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 424.98 275.95 Td (in ) Tj ET Q q 0 0 0 rg BT 434.30 275.95 Td (which ) Tj ET Q q 0 0 0 rg BT 458.62 275.95 Td (we ) Tj ET Q q 0 0 0 rg BT 471.44 275.95 Td (operate ) Tj ET Q q 0 0 0 rg BT 500.24 275.95 Td (may ) Tj ET Q q 0 0 0 rg BT 518.06 275.95 Td (make ) Tj ET Q q 0 0 0 rg BT 539.87 275.95 Td (it ) Tj ET Q q 0 0 0 rg BT 547.19 275.95 Td (dif) Tj ET Q q 0 0 0 rg BT 557.03 275.95 Td (ficult ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 265.15 Td (for ) Tj ET Q q 0 0 0 rg BT 48.47 265.15 Td (us ) Tj ET Q q 0 0 0 rg BT 58.45 265.15 Td (to ) Tj ET Q q 0 0 0 rg BT 67.43 265.15 Td (move ) Tj ET Q q 0 0 0 rg BT 89.40 265.15 Td (our ) Tj ET Q q 0 0 0 rg BT 103.38 265.15 Td (personnel ) Tj ET Q q 0 0 0 rg BT 140.34 265.15 Td (in ) Tj ET Q q 0 0 0 rg BT 149.32 265.15 Td (and ) Tj ET Q q 0 0 0 rg BT 164.29 265.15 Td (out ) Tj ET Q q 0 0 0 rg BT 177.77 265.15 Td (of ) Tj ET Q q 0 0 0 rg BT 187.25 265.15 Td (these ) Tj ET Q q 0 0 0 rg BT 207.72 265.15 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 254.19 265.15 Td (by ) Tj ET Q q 0 0 0 rg BT 265.17 265.15 Td (delaying ) Tj ET Q q 0 0 0 rg BT 298.14 265.15 Td (or ) Tj ET Q q 0 0 0 rg BT 307.61 265.15 Td (withholding ) Tj ET Q q 0 0 0 rg BT 353.09 265.15 Td (the ) Tj ET Q q 0 0 0 rg BT 366.06 265.15 Td (approval ) Tj ET Q q 0 0 0 rg BT 399.53 265.15 Td (of ) Tj ET Q q 0 0 0 rg BT 409.00 265.15 Td (these ) Tj ET Q q 0 0 0 rg BT 429.47 265.15 Td (permits. ) Tj ET Q q 0 0 0 rg BT 460.70 265.15 Td (If ) Tj ET Q q 0 0 0 rg BT 468.67 265.15 Td (we ) Tj ET Q q 0 0 0 rg BT 481.14 265.15 Td (are ) Tj ET Q q 0 0 0 rg BT 494.10 265.15 Td (not ) Tj ET Q q 0 0 0 rg BT 507.58 265.15 Td (able ) Tj ET Q q 0 0 0 rg BT 524.55 265.15 Td (to ) Tj ET Q q 0 0 0 rg BT 533.53 265.15 Td (obtain ) Tj ET Q q 0 0 0 rg BT 558.00 265.15 Td (visas ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 254.35 Td (and ) Tj ET Q q 0 0 0 rg BT 51.29 254.35 Td (work ) Tj ET Q q 0 0 0 rg BT 72.09 254.35 Td (permits ) Tj ET Q q 0 0 0 rg BT 101.38 254.35 Td (for ) Tj ET Q q 0 0 0 rg BT 114.18 254.35 Td (the ) Tj ET Q q 0 0 0 rg BT 127.47 254.35 Td (employees ) Tj ET Q q 0 0 0 rg BT 168.26 254.35 Td (we ) Tj ET Q q 0 0 0 rg BT 181.05 254.35 Td (need ) Tj ET Q q 0 0 0 rg BT 200.34 254.35 Td (for ) Tj ET Q q 0 0 0 rg BT 213.13 254.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 249.42 254.35 Td (our ) Tj ET Q q 0 0 0 rg BT 263.72 254.35 Td (rigs ) Tj ET Q q 0 0 0 rg BT 279.52 254.35 Td (on ) Tj ET Q q 0 0 0 rg BT 290.82 254.35 Td (a ) Tj ET Q q 0 0 0 rg BT 297.11 254.35 Td (timely ) Tj ET Q q 0 0 0 rg BT 322.41 254.35 Td (basis, ) Tj ET Q q 0 0 0 rg BT 344.96 254.35 Td (or ) Tj ET Q q 0 0 0 rg BT 354.75 254.35 Td (for ) Tj ET Q q 0 0 0 rg BT 367.55 254.35 Td (third-party ) Tj ET Q q 0 0 0 rg BT 408.33 254.35 Td (technicians ) Tj ET Q q 0 0 0 rg BT 451.11 254.35 Td (needed ) Tj ET Q q 0 0 0 rg BT 478.90 254.35 Td (for ) Tj ET Q q 0 0 0 rg BT 491.69 254.35 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 539.46 254.35 Td (or ) Tj ET Q q 0 0 0 rg BT 549.26 254.35 Td (repairs, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 243.55 Td (we ) Tj ET Q q 0 0 0 rg BT 48.63 243.55 Td (might ) Tj ET Q q 0 0 0 rg BT 71.76 243.55 Td (not ) Tj ET Q q 0 0 0 rg BT 85.39 243.55 Td (be ) Tj ET Q q 0 0 0 rg BT 96.02 243.55 Td (able ) Tj ET Q q 0 0 0 rg BT 113.14 243.55 Td (to ) Tj ET Q q 0 0 0 rg BT 122.27 243.55 Td (perform ) Tj ET Q q 0 0 0 rg BT 153.39 243.55 Td (our ) Tj ET Q q 0 0 0 rg BT 167.52 243.55 Td (obligations ) Tj ET Q q 0 0 0 rg BT 209.65 243.55 Td (under ) Tj ET Q q 0 0 0 rg BT 232.27 243.55 Td (our ) Tj ET Q q 0 0 0 rg BT 246.40 243.55 Td (drilling ) Tj ET Q q 0 0 0 rg BT 275.03 243.55 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 311.89 243.55 Td (which ) Tj ET Q q 0 0 0 rg BT 336.02 243.55 Td (could ) Tj ET Q q 0 0 0 rg BT 358.15 243.55 Td (allow ) Tj ET Q q 0 0 0 rg BT 380.27 243.55 Td (our ) Tj ET Q q 0 0 0 rg BT 394.40 243.55 Td (customers ) Tj ET Q q 0 0 0 rg BT 433.02 243.55 Td (to ) Tj ET Q q 0 0 0 rg BT 442.16 243.55 Td (cancel ) Tj ET Q q 0 0 0 rg BT 467.27 243.55 Td (the ) Tj ET Q q 0 0 0 rg BT 480.39 243.55 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 517.26 243.55 Td (If ) Tj ET Q q 0 0 0 rg BT 525.38 243.55 Td (our ) Tj ET Q q 0 0 0 rg BT 539.51 243.55 Td (customers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.75 Td (cancel ) Tj ET Q q 0 0 0 rg BT 61.35 232.75 Td (some ) Tj ET Q q 0 0 0 rg BT 82.72 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 92.60 232.75 Td (our ) Tj ET Q q 0 0 0 rg BT 106.97 232.75 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 144.08 232.75 Td (and ) Tj ET Q q 0 0 0 rg BT 159.44 232.75 Td (we ) Tj ET Q q 0 0 0 rg BT 172.31 232.75 Td (are ) Tj ET Q q 0 0 0 rg BT 185.67 232.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 212.04 232.75 Td (to ) Tj ET Q q 0 0 0 rg BT 221.41 232.75 Td (secure ) Tj ET Q q 0 0 0 rg BT 246.77 232.75 Td (new ) Tj ET Q q 0 0 0 rg BT 264.14 232.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 298.99 232.75 Td (on ) Tj ET Q q 0 0 0 rg BT 310.37 232.75 Td (a ) Tj ET Q q 0 0 0 rg BT 316.74 232.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 342.11 232.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 362.48 232.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.85 232.75 Td (on ) Tj ET Q q 0 0 0 rg BT 389.22 232.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 437.10 232.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 464.47 232.75 Td (terms, ) Tj ET Q q 0 0 0 rg BT 489.08 232.75 Td (it ) Tj ET Q q 0 0 0 rg BT 496.46 232.75 Td (could ) Tj ET Q q 0 0 0 rg BT 518.83 232.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 555.69 232.75 Td (af) Tj ET Q q 0 0 0 rg BT 562.52 232.75 Td (fect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.95 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 221.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 97.98 221.95 Td (statement ) Tj ET Q q 0 0 0 rg BT 134.72 221.95 Td (of ) Tj ET Q q 0 0 0 rg BT 144.47 221.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.20 221.95 Td (position, ) Tj ET Q q 0 0 0 rg BT 211.71 221.95 Td (results ) Tj ET Q q 0 0 0 rg BT 237.45 221.95 Td (of ) Tj ET Q q 0 0 0 rg BT 247.20 221.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 286.94 221.95 Td (or ) Tj ET Q q 0 0 0 rg BT 296.69 221.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 314.93 221.95 Td (flows.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 194.35 Td (Interest ) Tj ET Q q 0 0 0 rg BT 66.75 194.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 83.50 194.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 130.26 194.35 Td (could ) Tj ET Q q 0 0 0 rg BT 153.01 194.35 Td (af) Tj ET Q q 0 0 0 rg BT 160.35 194.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 176.08 194.35 Td (our ) Tj ET Q q 0 0 0 rg BT 191.34 194.35 Td (earnings ) Tj ET Q q 0 0 0 rg BT 226.10 194.35 Td (and ) Tj ET Q q 0 0 0 rg BT 242.36 194.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.61 194.35 Td (flow) Tj ET Q q 0 0 0 rg BT 277.28 194.35 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 180.55 Td (In ) Tj ET Q q 0 0 0 rg BT 46.26 180.55 Td (order ) Tj ET Q q 0 0 0 rg BT 68.01 180.55 Td (to ) Tj ET Q q 0 0 0 rg BT 77.77 180.55 Td (finance ) Tj ET Q q 0 0 0 rg BT 107.01 180.55 Td (our ) Tj ET Q q 0 0 0 rg BT 121.76 180.55 Td (growth, ) Tj ET Q q 0 0 0 rg BT 152.27 180.55 Td (we ) Tj ET Q q 0 0 0 rg BT 165.52 180.55 Td (have ) Tj ET Q q 0 0 0 rg BT 185.27 180.55 Td (incurred ) Tj ET Q q 0 0 0 rg BT 218.02 180.55 Td (significant ) Tj ET Q q 0 0 0 rg BT 258.77 180.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 292.03 180.55 Td (of ) Tj ET Q q 0 0 0 rg BT 302.28 180.55 Td (debt. ) Tj ET Q q 0 0 0 rg BT 322.18 180.55 Td (As ) Tj ET Q q 0 0 0 rg BT 334.94 180.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.20 180.55 Td (March31, ) Tj ET Q q 0 0 0 rg BT 384.95 180.55 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 180.55 Td (, ) Tj ET Q q 0 0 0 rg BT 407.96 180.55 Td (with ) Tj ET Q q 0 0 0 rg BT 426.72 180.55 Td (the ) Tj ET Q q 0 0 0 rg BT 440.47 180.55 Td (exception ) Tj ET Q q 0 0 0 rg BT 478.21 180.55 Td (of ) Tj ET Q q 0 0 0 rg BT 488.47 180.55 Td (the ) Tj ET Q q 0 0 0 rg BT 502.23 180.55 Td ($600 ) Tj ET Q q 0 0 0 rg BT 522.99 180.55 Td (Million ) Tj ET Q q 0 0 0 rg BT 552.75 180.55 Td (6.25% ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 169.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 62.54 169.75 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 104.06 169.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 128.09 169.75 Td (due ) Tj ET Q q 0 0 0 rg BT 144.13 169.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 165.17 169.75 Td (\(issued ) Tj ET Q q 0 0 0 rg BT 193.70 169.75 Td (in ) Tj ET Q q 0 0 0 rg BT 203.74 169.75 Td (January ) Tj ET Q q 0 0 0 rg BT 234.77 169.75 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 261.06 169.75 Td (and ) Tj ET Q q 0 0 0 rg BT 277.09 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.13 169.75 Td ($125 ) Tj ET Q q 0 0 0 rg BT 312.16 169.75 Td (million ) Tj ET Q q 0 0 0 rg BT 341.21 169.75 Td (related ) Tj ET Q q 0 0 0 rg BT 368.73 169.75 Td (party ) Tj ET Q q 0 0 0 rg BT 390.26 169.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 408.79 169.75 Td (to ) Tj ET Q q 0 0 0 rg BT 418.83 169.75 Td (Ship ) Tj ET Q q 0 0 0 rg BT 438.38 169.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 469.91 169.75 Td (owed ) Tj ET Q q 0 0 0 rg BT 492.44 169.75 Td (by ) Tj ET Q q 0 0 0 rg BT 504.48 169.75 Td (SFL) Tj ET Q q 0 0 0 rg BT 519.65 169.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.69 169.75 Td (Linus ) Tj ET Q q 0 0 0 rg BT 546.23 169.75 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 564.02 169.75 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 158.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 83.81 158.95 Td (variable ) Tj ET Q q 0 0 0 rg BT 115.12 158.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 143.94 158.95 Td (entity) Tj ET Q q 0 0 0 rg BT 163.85 158.95 Td (, ) Tj ET Q q 0 0 0 rg BT 168.42 158.95 Td (our ) Tj ET Q q 0 0 0 rg BT 182.75 158.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 200.57 158.95 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 251.37 158.95 Td (have ) Tj ET Q q 0 0 0 rg BT 270.68 158.95 Td (floating ) Tj ET Q q 0 0 0 rg BT 301.00 158.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 329.82 158.95 Td (rates. ) Tj ET Q q 0 0 0 rg BT 350.87 158.95 Td (As ) Tj ET Q q 0 0 0 rg BT 363.20 158.95 Td (such, ) Tj ET Q q 0 0 0 rg BT 384.27 158.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 424.59 158.95 Td (movements ) Tj ET Q q 0 0 0 rg BT 468.41 158.95 Td (in ) Tj ET Q q 0 0 0 rg BT 477.73 158.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 506.55 158.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 525.86 158.95 Td (could ) Tj ET Q q 0 0 0 rg BT 548.18 158.95 Td (have ) Tj ET Q q 0 0 0 rg BT 567.50 158.95 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 148.15 Td (adverse ) Tj ET Q q 0 0 0 rg BT 65.73 148.15 Td (ef) Tj ET Q q 0 0 0 rg BT 72.56 148.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 88.29 148.15 Td (on ) Tj ET Q q 0 0 0 rg BT 99.53 148.15 Td (our ) Tj ET Q q 0 0 0 rg BT 113.77 148.15 Td (earnings ) Tj ET Q q 0 0 0 rg BT 146.51 148.15 Td (and ) Tj ET Q q 0 0 0 rg BT 161.75 148.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.98 148.15 Td (flow) Tj ET Q q 0 0 0 rg BT 195.90 148.15 Td (. ) Tj ET Q q 0 0 0 rg BT 200.39 148.15 Td (In ) Tj ET Q q 0 0 0 rg BT 210.13 148.15 Td (order ) Tj ET Q q 0 0 0 rg BT 231.37 148.15 Td (to ) Tj ET Q q 0 0 0 rg BT 240.61 148.15 Td (manage ) Tj ET Q q 0 0 0 rg BT 270.84 148.15 Td (our ) Tj ET Q q 0 0 0 rg BT 285.08 148.15 Td (exposure ) Tj ET Q q 0 0 0 rg BT 319.82 148.15 Td (to ) Tj ET Q q 0 0 0 rg BT 329.06 148.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.80 148.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 373.53 148.15 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 420.51 148.15 Td (we ) Tj ET Q q 0 0 0 rg BT 433.25 148.15 Td (use ) Tj ET Q q 0 0 0 rg BT 447.49 148.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.23 148.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 491.96 148.15 Td (swaps ) Tj ET Q q 0 0 0 rg BT 516.20 148.15 Td (to ) Tj ET Q q 0 0 0 rg BT 525.45 148.15 Td (ef) Tj ET Q q 0 0 0 rg BT 532.28 148.15 Td (fectively ) Tj ET Q q 0 0 0 rg BT 566.00 148.15 Td (fix ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.35 Td (a ) Tj ET Q q 0 0 0 rg BT 42.13 137.35 Td (part ) Tj ET Q q 0 0 0 rg BT 58.25 137.35 Td (of ) Tj ET Q q 0 0 0 rg BT 67.89 137.35 Td (our ) Tj ET Q q 0 0 0 rg BT 82.02 137.35 Td (floating ) Tj ET Q q 0 0 0 rg BT 112.14 137.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 127.76 137.35 Td (debt ) Tj ET Q q 0 0 0 rg BT 145.39 137.35 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 189.62 137.35 Td (The ) Tj ET Q q 0 0 0 rg BT 205.75 137.35 Td (principal ) Tj ET Q q 0 0 0 rg BT 239.87 137.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 269.00 137.35 Td (covered ) Tj ET Q q 0 0 0 rg BT 299.61 137.35 Td (by ) Tj ET Q q 0 0 0 rg BT 310.75 137.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.37 137.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 354.99 137.35 Td (swaps ) Tj ET Q q 0 0 0 rg BT 379.12 137.35 Td (is ) Tj ET Q q 0 0 0 rg BT 387.26 137.35 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 423.87 137.35 Td (continuously ) Tj ET Q q 0 0 0 rg BT 472.51 137.35 Td (and ) Tj ET Q q 0 0 0 rg BT 487.63 137.35 Td (determined ) Tj ET Q q 0 0 0 rg BT 530.25 137.35 Td (based ) Tj ET Q q 0 0 0 rg BT 552.88 137.35 Td (on ) Tj ET Q q 0 0 0 rg BT 564.01 137.35 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 126.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 53.74 126.55 Td (level, ) Tj ET Q q 0 0 0 rg BT 75.73 126.55 Td (our ) Tj ET Q q 0 0 0 rg BT 89.98 126.55 Td (expectations ) Tj ET Q q 0 0 0 rg BT 137.21 126.55 Td (regarding ) Tj ET Q q 0 0 0 rg BT 173.94 126.55 Td (future ) Tj ET Q q 0 0 0 rg BT 197.68 126.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.41 126.55 Td (rates, ) Tj ET Q q 0 0 0 rg BT 247.90 126.55 Td (our ) Tj ET Q q 0 0 0 rg BT 262.15 126.55 Td (contract ) Tj ET Q q 0 0 0 rg BT 293.38 126.55 Td (backlog ) Tj ET Q q 0 0 0 rg BT 324.11 126.55 Td (and ) Tj ET Q q 0 0 0 rg BT 339.36 126.55 Td (our ) Tj ET Q q 0 0 0 rg BT 353.60 126.55 Td (overall ) Tj ET Q q 0 0 0 rg BT 380.84 126.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.57 126.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 430.32 126.55 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 466.81 126.55 Td (As ) Tj ET Q q 0 0 0 rg BT 479.06 126.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.80 126.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 541.53 126.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.53 126.55 Td (, ) Tj ET Q q 0 0 0 rg BT 564.02 126.55 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 115.75 Td (net ) Tj ET Q q 0 0 0 rg BT 49.40 115.75 Td (ef) Tj ET Q q 0 0 0 rg BT 56.23 115.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 83.11 115.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 118.00 115.75 Td (to ) Tj ET Q q 0 0 0 rg BT 127.40 115.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.29 115.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 172.18 115.75 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 217.08 115.75 Td (on ) Tj ET Q q 0 0 0 rg BT 228.48 115.75 Td (our ) Tj ET Q q 0 0 0 rg BT 242.88 115.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 287.28 115.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 305.17 115.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.57 115.75 Td ($171.2 ) Tj ET Q q 0 0 0 rg BT 348.72 115.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.73 115.75 Td (, ) Tj ET Q q 0 0 0 rg BT 379.38 115.75 Td (and ) Tj ET Q q 0 0 0 rg BT 394.78 115.75 Td (an ) Tj ET Q q 0 0 0 rg BT 405.67 115.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 437.55 115.75 Td (or ) Tj ET Q q 0 0 0 rg BT 447.45 115.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 480.83 115.75 Td (in ) Tj ET Q q 0 0 0 rg BT 490.23 115.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 530.12 115.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 559.01 115.75 Td (rates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 104.95 Td (of ) Tj ET Q q 0 0 0 rg BT 46.51 104.95 Td (one ) Tj ET Q q 0 0 0 rg BT 62.52 104.95 Td (percentage ) Tj ET Q q 0 0 0 rg BT 104.51 104.95 Td (point ) Tj ET Q q 0 0 0 rg BT 126.03 104.95 Td (would ) Tj ET Q q 0 0 0 rg BT 151.54 104.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 184.04 104.95 Td (or ) Tj ET Q q 0 0 0 rg BT 194.55 104.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 228.54 104.95 Td (our ) Tj ET Q q 0 0 0 rg BT 243.55 104.95 Td (net ) Tj ET Q q 0 0 0 rg BT 257.56 104.95 Td (ef) Tj ET Q q 0 0 0 rg BT 264.39 104.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 291.89 104.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.39 104.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 353.39 104.95 Td (by ) Tj ET Q q 0 0 0 rg BT 365.41 104.95 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.41 104.95 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 439.17 104.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.18 104.95 Td ( ) Tj ET Q q 0 0 0 rg BT 468.19 104.95 Td (on ) Tj ET Q q 0 0 0 rg BT 480.21 104.95 Td (an ) Tj ET Q q 0 0 0 rg BT 491.72 104.95 Td (annual ) Tj ET Q q 0 0 0 rg BT 518.72 104.95 Td (basis. ) Tj ET Q q 0 0 0 rg BT 541.99 104.95 Td (For ) Tj ET Q q 0 0 0 rg BT 557.51 104.95 Td (more ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 94.15 Td (information ) Tj ET Q q 0 0 0 rg BT 80.43 94.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 116.85 94.15 Td (our ) Tj ET Q q 0 0 0 rg BT 130.79 94.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 148.22 94.15 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 200.89 94.15 Td (Please ) Tj ET Q q 0 0 0 rg BT 225.82 94.15 Td (see ) Tj ET Q q 0 0 0 rg BT 239.25 94.15 Td (Item ) Tj ET Q q 0 0 0 rg BT 261.68 94.15 Td (5. ) Tj ET Q q 0 0 0 rg BT 270.36 94.15 Td (Operating ) Tj ET Q q 0 0 0 rg BT 308.29 94.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 343.72 94.15 Td (Review ) Tj ET Q q 0 0 0 rg BT 373.15 94.15 Td (and ) Tj ET Q q 0 0 0 rg BT 388.08 94.15 Td (ProspectsB. ) Tj ET Q q 0 0 0 rg BT 441.77 94.15 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 477.21 94.15 Td (and ) Tj ET Q q 0 0 0 rg BT 492.15 94.15 Td (Capital ) Tj ET Q q 0 0 0 rg BT 520.08 94.15 Td (Resources ) Tj ET Q q 0 0 0 rg BT 563.00 94.15 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 83.35 Td (Item ) Tj ET Q q 0 0 0 rg BT 58.74 83.35 Td (1) Tj ET Q q 0 0 0 rg BT 62.90 83.35 Td (1. ) Tj ET Q q 0 0 0 rg BT 71.90 83.35 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 118.64 83.35 Td (and ) Tj ET Q q 0 0 0 rg BT 133.88 83.35 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 176.12 83.35 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 219.87 83.35 Td (About ) Tj ET Q q 0 0 0 rg BT 244.62 83.35 Td (Market ) Tj ET Q q 0 0 0 rg BT 272.86 83.35 Td (Risk.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 55.75 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 85.77 55.75 Td (in ) Tj ET Q q 0 0 0 rg BT 95.52 55.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 133.27 55.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 153.52 55.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.77 55.75 Td (non-convertibility ) Tj ET Q q 0 0 0 rg BT 238.02 55.75 Td (of ) Tj ET Q q 0 0 0 rg BT 247.77 55.75 Td (currencies ) Tj ET Q q 0 0 0 rg BT 289.02 55.75 Td (could ) Tj ET Q q 0 0 0 rg BT 311.77 55.75 Td (result ) Tj ET Q q 0 0 0 rg BT 335.02 55.75 Td (in ) Tj ET Q q 0 0 0 rg BT 344.78 55.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 368.53 55.75 Td (to ) Tj ET Q q 0 0 0 rg BT 377.78 55.75 Td (us.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 749.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.79 749.80 Td (use ) Tj ET Q q 0 0 0 rg BT 63.80 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 76.81 749.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.84 749.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 117.85 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 127.36 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 141.38 749.80 Td (functional ) Tj ET Q q 0 0 0 rg BT 179.88 749.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 213.38 749.80 Td (because ) Tj ET Q q 0 0 0 rg BT 243.88 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 256.89 749.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 289.40 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 298.92 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 312.94 749.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 346.94 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 361.95 749.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 396.46 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 409.46 749.80 Td (denominated ) Tj ET Q q 0 0 0 rg BT 457.96 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 466.98 749.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 485.01 749.80 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 513.77 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 515.34 749.80 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 559.74 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 564.01 749.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 71.57 739.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 105.63 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 114.22 739.00 Td (also ) Tj ET Q q 0 0 0 rg BT 131.30 739.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 149.88 739.00 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 179.21 739.00 Td (However) Tj ET Q q 0 0 0 rg BT 211.84 739.00 Td (, ) Tj ET Q q 0 0 0 rg BT 216.67 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 226.75 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 233.32 739.00 Td (result ) Tj ET Q q 0 0 0 rg BT 255.90 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 265.98 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 280.56 739.00 Td (international ) Tj ET Q q 0 0 0 rg BT 328.62 739.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 370.95 739.00 Td (we ) Tj ET Q q 0 0 0 rg BT 384.02 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 397.59 739.00 Td (exposed ) Tj ET Q q 0 0 0 rg BT 429.66 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 439.25 739.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 484.32 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 493.90 739.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 522.47 739.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 559.03 739.00 Td (rates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (due ) Tj ET Q q 0 0 0 rg BT 51.62 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 61.25 728.20 Td (parts ) Tj ET Q q 0 0 0 rg BT 81.37 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 91.49 728.20 Td (our ) Tj ET Q q 0 0 0 rg BT 106.11 728.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 140.72 728.20 Td (being ) Tj ET Q q 0 0 0 rg BT 163.34 728.20 Td (received ) Tj ET Q q 0 0 0 rg BT 196.45 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 212.07 728.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.68 728.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 283.79 728.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 301.92 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 311.54 728.20 Td (currencies ) Tj ET Q q 0 0 0 rg BT 351.14 728.20 Td (other ) Tj ET Q q 0 0 0 rg BT 372.26 728.20 Td (than ) Tj ET Q q 0 0 0 rg BT 390.38 728.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 409.01 728.20 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 438.39 728.20 Td (Currently) Tj ET Q q 0 0 0 rg BT 472.29 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 477.17 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 496.29 728.20 Td (currencies ) Tj ET Q q 0 0 0 rg BT 535.89 728.20 Td (include ) Tj ET Q q 0 0 0 rg BT 565.01 728.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 78.59 717.40 Td (kroner) Tj ET Q q 0 0 0 rg BT 101.72 717.40 Td (, ) Tj ET Q q 0 0 0 rg BT 106.57 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 120.17 717.40 Td (British ) Tj ET Q q 0 0 0 rg BT 147.28 717.40 Td (pound ) Tj ET Q q 0 0 0 rg BT 172.38 717.40 Td (sterling, ) Tj ET Q q 0 0 0 rg BT 204.23 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 219.83 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.43 717.40 Td (Russian ) Tj ET Q q 0 0 0 rg BT 264.54 717.40 Td (ruble. ) Tj ET Q q 0 0 0 rg BT 287.31 717.40 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 331.71 717.40 Td (, ) Tj ET Q q 0 0 0 rg BT 336.57 717.40 Td (we ) Tj ET Q q 0 0 0 rg BT 349.66 717.40 Td (may ) Tj ET Q q 0 0 0 rg BT 367.76 717.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 409.34 717.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 443.42 717.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 480.00 717.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 504.11 717.40 Td (if ) Tj ET Q q 0 0 0 rg BT 512.21 717.40 Td (we ) Tj ET Q q 0 0 0 rg BT 525.31 717.40 Td (have ) Tj ET Q q 0 0 0 rg BT 544.90 717.40 Td (not ) Tj ET Q q 0 0 0 rg BT 559.01 717.40 Td (fully ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (hedged ) Tj ET Q q 0 0 0 rg BT 65.24 706.60 Td (our ) Tj ET Q q 0 0 0 rg BT 80.50 706.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 116.24 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 126.50 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 133.75 706.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 162.99 706.60 Td (currency) Tj ET Q q 0 0 0 rg BT 193.89 706.60 Td (. ) Tj ET Q q 0 0 0 rg BT 199.39 706.60 Td (For ) Tj ET Q q 0 0 0 rg BT 215.15 706.60 Td (further ) Tj ET Q q 0 0 0 rg BT 242.89 706.60 Td (details ) Tj ET Q q 0 0 0 rg BT 269.64 706.60 Td (about ) Tj ET Q q 0 0 0 rg BT 292.89 706.60 Td (our ) Tj ET Q q 0 0 0 rg BT 308.14 706.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.88 706.60 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 390.38 706.60 Td (please ) Tj ET Q q 0 0 0 rg BT 416.13 706.60 Td (see ) Tj ET Q q 0 0 0 rg BT 430.87 706.60 Td ( ) Tj ET Q q 0 0 0 rg BT 434.13 706.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 457.87 706.60 Td (1) Tj ET Q q 0 0 0 rg BT 462.04 706.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 472.04 706.60 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 519.78 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.03 706.60 Td (Qualitative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 79.87 695.80 Td (about ) Tj ET Q q 0 0 0 rg BT 101.74 695.80 Td (Market ) Tj ET Q q 0 0 0 rg BT 129.60 695.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 151.98 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 166.85 695.80 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.85 695.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 190.22 695.80 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.22 695.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 222.10 695.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 270.95 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 285.82 695.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 321.19 695.80 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 369.56 695.80 Td (to ) Tj ET Q q 0 0 0 rg BT 378.43 695.80 Td (our ) Tj ET Q q 0 0 0 rg BT 392.30 695.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 441.68 695.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.04 695.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 518.41 695.80 Td (included ) Tj ET Q q 0 0 0 rg BT 551.28 695.80 Td (herein. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 64.98 685.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 100.46 685.00 Td (where ) Tj ET Q q 0 0 0 rg BT 124.94 685.00 Td (we ) Tj ET Q q 0 0 0 rg BT 137.92 685.00 Td (may ) Tj ET Q q 0 0 0 rg BT 155.91 685.00 Td (operate, ) Tj ET Q q 0 0 0 rg BT 187.13 685.00 Td (such ) Tj ET Q q 0 0 0 rg BT 206.12 685.00 Td (as ) Tj ET Q q 0 0 0 rg BT 216.11 685.00 Td ( ) Tj ET Q q 0 0 0 rg BT 218.60 685.00 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 247.34 685.00 Td (place ) Tj ET Q q 0 0 0 rg BT 268.82 685.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 295.79 685.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 327.27 685.00 Td (over ) Tj ET Q q 0 0 0 rg BT 345.76 685.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 379.73 685.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 416.19 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 431.68 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 445.17 685.00 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 489.14 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 499.12 685.00 Td (income ) Tj ET Q q 0 0 0 rg BT 528.11 685.00 Td (or ) Tj ET Q q 0 0 0 rg BT 538.09 685.00 Td (capital. ) Tj ET Q q 0 0 0 rg BT 566.64 685.00 Td (T) Tj ET Q q 0 0 0 rg BT 571.51 685.00 Td (o ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.67 674.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 74.34 674.20 Td (that ) Tj ET Q q 0 0 0 rg BT 90.52 674.20 Td (we ) Tj ET Q q 0 0 0 rg BT 103.69 674.20 Td (undertake ) Tj ET Q q 0 0 0 rg BT 141.85 674.20 Td (future ) Tj ET Q q 0 0 0 rg BT 166.02 674.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.19 674.20 Td (in ) Tj ET Q q 0 0 0 rg BT 215.87 674.20 Td (such ) Tj ET Q q 0 0 0 rg BT 235.04 674.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 270.71 674.20 Td (or ) Tj ET Q q 0 0 0 rg BT 280.89 674.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 308.56 674.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 327.74 674.20 Td (are ) Tj ET Q q 0 0 0 rg BT 341.40 674.20 Td (enacted ) Tj ET Q q 0 0 0 rg BT 371.56 674.20 Td (in ) Tj ET Q q 0 0 0 rg BT 381.24 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 394.91 674.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 430.58 674.20 Td (where ) Tj ET Q q 0 0 0 rg BT 455.25 674.20 Td (we ) Tj ET Q q 0 0 0 rg BT 468.42 674.20 Td (operate, ) Tj ET Q q 0 0 0 rg BT 499.83 674.20 Td (we ) Tj ET Q q 0 0 0 rg BT 513.00 674.20 Td (may ) Tj ET Q q 0 0 0 rg BT 531.17 674.20 Td (be ) Tj ET Q q 0 0 0 rg BT 542.35 674.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 569.02 674.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 663.40 Td (collect ) Tj ET Q q 0 0 0 rg BT 62.24 663.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 96.47 663.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 122.70 663.40 Td (in ) Tj ET Q q 0 0 0 rg BT 131.95 663.40 Td (such ) Tj ET Q q 0 0 0 rg BT 150.70 663.40 Td (countries.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (If ) Tj ET Q q 0 0 0 rg BT 44.97 635.80 Td (one ) Tj ET Q q 0 0 0 rg BT 60.94 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 70.91 635.80 Td (our ) Tj ET Q q 0 0 0 rg BT 86.39 635.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 116.38 635.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 132.85 635.80 Td (fails ) Tj ET Q q 0 0 0 rg BT 151.33 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 160.80 635.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 196.78 635.80 Td (its ) Tj ET Q q 0 0 0 rg BT 207.76 635.80 Td (class ) Tj ET Q q 0 0 0 rg BT 228.23 635.80 Td (certification ) Tj ET Q q 0 0 0 rg BT 275.69 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 286.17 635.80 Td (fails ) Tj ET Q q 0 0 0 rg BT 304.64 635.80 Td (any ) Tj ET Q q 0 0 0 rg BT 320.61 635.80 Td (required ) Tj ET Q q 0 0 0 rg BT 354.59 635.80 Td (survey) Tj ET Q q 0 0 0 rg BT 378.25 635.80 Td (, ) Tj ET Q q 0 0 0 rg BT 382.97 635.80 Td (that ) Tj ET Q q 0 0 0 rg BT 399.95 635.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 429.93 635.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 442.90 635.80 Td (would ) Tj ET Q q 0 0 0 rg BT 467.88 635.80 Td (be ) Tj ET Q q 0 0 0 rg BT 478.85 635.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 506.83 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 516.30 635.80 Td (operate, ) Tj ET Q q 0 0 0 rg BT 548.52 635.80 Td (thereby ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (reducing ) Tj ET Q q 0 0 0 rg BT 71.25 625.00 Td (our ) Tj ET Q q 0 0 0 rg BT 86.51 625.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 121.75 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 138.01 625.00 Td (profitability) Tj ET Q q 0 0 0 rg BT 181.17 625.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 611.20 Td (Every ) Tj ET Q q 0 0 0 rg BT 60.17 611.20 Td (of) Tj ET Q q 0 0 0 rg BT 67.50 611.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 92.67 611.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 121.84 611.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 134.52 611.20 Td (is ) Tj ET Q q 0 0 0 rg BT 143.20 611.20 Td (a ) Tj ET Q q 0 0 0 rg BT 149.87 611.20 Td (registered ) Tj ET Q q 0 0 0 rg BT 188.02 611.20 Td (marine ) Tj ET Q q 0 0 0 rg BT 215.69 611.20 Td (vessel ) Tj ET Q q 0 0 0 rg BT 240.36 611.20 Td (and ) Tj ET Q q 0 0 0 rg BT 256.03 611.20 Td (must ) Tj ET Q q 0 0 0 rg BT 276.21 611.20 Td (be ) Tj ET Q q 0 0 0 rg BT 287.38 611.20 Td (classed ) Tj ET Q q 0 0 0 rg BT 324.04 611.20 Td (by ) Tj ET Q q 0 0 0 rg BT 335.71 611.20 Td (a ) Tj ET Q q 0 0 0 rg BT 342.38 611.20 Td (classification ) Tj ET Q q 0 0 0 rg BT 392.54 611.20 Td (society) Tj ET Q q 0 0 0 rg BT 417.45 611.20 Td (. ) Tj ET Q q 0 0 0 rg BT 422.18 611.20 Td (The ) Tj ET Q q 0 0 0 rg BT 438.85 611.20 Td (classification ) Tj ET Q q 0 0 0 rg BT 489.01 611.20 Td (society ) Tj ET Q q 0 0 0 rg BT 517.18 611.20 Td (certifies ) Tj ET Q q 0 0 0 rg BT 548.84 611.20 Td (that ) Tj ET Q q 0 0 0 rg BT 565.01 611.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 600.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 65.19 600.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 77.88 600.40 Td (is ) Tj ET Q q 0 0 0 rg BT 86.58 600.40 Td (in-class, ) Tj ET Q q 0 0 0 rg BT 127.00 600.40 Td (signifying ) Tj ET Q q 0 0 0 rg BT 166.19 600.40 Td (that ) Tj ET Q q 0 0 0 rg BT 182.38 600.40 Td (such ) Tj ET Q q 0 0 0 rg BT 201.57 600.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 230.76 600.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 243.45 600.40 Td (has ) Tj ET Q q 0 0 0 rg BT 258.14 600.40 Td (been ) Tj ET Q q 0 0 0 rg BT 277.82 600.40 Td (built ) Tj ET Q q 0 0 0 rg BT 297.01 600.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.70 600.40 Td (maintained ) Tj ET Q q 0 0 0 rg BT 355.38 600.40 Td (in ) Tj ET Q q 0 0 0 rg BT 365.07 600.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 408.23 600.40 Td (with ) Tj ET Q q 0 0 0 rg BT 426.92 600.40 Td (the ) Tj ET Q q 0 0 0 rg BT 440.60 600.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 460.79 600.40 Td (of ) Tj ET Q q 0 0 0 rg BT 470.98 600.40 Td (the ) Tj ET Q q 0 0 0 rg BT 484.67 600.40 Td (classification ) Tj ET Q q 0 0 0 rg BT 534.84 600.40 Td (society ) Tj ET Q q 0 0 0 rg BT 563.03 600.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 589.60 Td (complies ) Tj ET Q q 0 0 0 rg BT 70.05 589.60 Td (with ) Tj ET Q q 0 0 0 rg BT 87.62 589.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 126.16 589.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 145.21 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 159.77 589.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 201.32 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.38 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.93 589.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 250.99 589.60 Td (rig) Tj ET Q q 0 0 0 rg BT 263.49 589.60 Td (s ) Tj ET Q q 0 0 0 rg BT 268.56 589.60 Td (country ) Tj ET Q q 0 0 0 rg BT 297.61 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 306.67 589.60 Td (registry ) Tj ET Q q 0 0 0 rg BT 335.72 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.28 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.83 589.60 Td (international ) Tj ET Q q 0 0 0 rg BT 409.88 589.60 Td (conventions ) Tj ET Q q 0 0 0 rg BT 454.93 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.99 589.60 Td (which ) Tj ET Q q 0 0 0 rg BT 487.54 589.60 Td (that ) Tj ET Q q 0 0 0 rg BT 502.60 589.60 Td (country ) Tj ET Q q 0 0 0 rg BT 531.65 589.60 Td (is ) Tj ET Q q 0 0 0 rg BT 539.22 589.60 Td (a ) Tj ET Q q 0 0 0 rg BT 544.77 589.60 Td (member) Tj ET Q q 0 0 0 rg BT 573.76 589.60 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 578.80 Td (In ) Tj ET Q q 0 0 0 rg BT 46.06 578.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 80.36 578.80 Td (where ) Tj ET Q q 0 0 0 rg BT 104.90 578.80 Td (surveys ) Tj ET Q q 0 0 0 rg BT 134.96 578.80 Td (are ) Tj ET Q q 0 0 0 rg BT 148.50 578.80 Td (required ) Tj ET Q q 0 0 0 rg BT 181.05 578.80 Td (by ) Tj ET Q q 0 0 0 rg BT 192.61 578.80 Td (international ) Tj ET Q q 0 0 0 rg BT 240.65 578.80 Td (conventions ) Tj ET Q q 0 0 0 rg BT 286.70 578.80 Td (and ) Tj ET Q q 0 0 0 rg BT 302.25 578.80 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 356.30 578.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 375.35 578.80 Td (and ) Tj ET Q q 0 0 0 rg BT 390.91 578.80 Td (ordinances ) Tj ET Q q 0 0 0 rg BT 432.45 578.80 Td (of ) Tj ET Q q 0 0 0 rg BT 442.50 578.80 Td (a ) Tj ET Q q 0 0 0 rg BT 449.06 578.80 Td (flag ) Tj ET Q q 0 0 0 rg BT 465.61 578.80 Td (state, ) Tj ET Q q 0 0 0 rg BT 486.91 578.80 Td (the ) Tj ET Q q 0 0 0 rg BT 500.46 578.80 Td (classification ) Tj ET Q q 0 0 0 rg BT 550.50 578.80 Td (society ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 568.00 Td (will ) Tj ET Q q 0 0 0 rg BT 52.34 568.00 Td (undertake ) Tj ET Q q 0 0 0 rg BT 90.17 568.00 Td (them ) Tj ET Q q 0 0 0 rg BT 110.50 568.00 Td (on ) Tj ET Q q 0 0 0 rg BT 121.85 568.00 Td (application ) Tj ET Q q 0 0 0 rg BT 164.18 568.00 Td (or ) Tj ET Q q 0 0 0 rg BT 174.01 568.00 Td (by ) Tj ET Q q 0 0 0 rg BT 185.36 568.00 Td (of) Tj ET Q q 0 0 0 rg BT 192.69 568.00 Td (ficial ) Tj ET Q q 0 0 0 rg BT 213.52 568.00 Td (order) Tj ET Q q 0 0 0 rg BT 232.15 568.00 Td (, ) Tj ET Q q 0 0 0 rg BT 236.74 568.00 Td (acting ) Tj ET Q q 0 0 0 rg BT 261.07 568.00 Td (on ) Tj ET Q q 0 0 0 rg BT 272.42 568.00 Td (behalf ) Tj ET Q q 0 0 0 rg BT 297.25 568.00 Td (of ) Tj ET Q q 0 0 0 rg BT 307.09 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 320.42 568.00 Td (authorities ) Tj ET Q q 0 0 0 rg BT 360.76 568.00 Td (concerned. ) Tj ET Q q 0 0 0 rg BT 402.32 568.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 418.66 568.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 447.50 568.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 463.35 568.00 Td (are ) Tj ET Q q 0 0 0 rg BT 476.67 568.00 Td (certified ) Tj ET Q q 0 0 0 rg BT 509.00 568.00 Td (as ) Tj ET Q q 0 0 0 rg BT 518.84 568.00 Td (being ) Tj ET Q q 0 0 0 rg BT 541.17 568.00 Td (in ) Tj ET Q q 0 0 0 rg BT 554.51 568.00 Td (class ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.20 Td (by ) Tj ET Q q 0 0 0 rg BT 46.93 557.20 Td (Det ) Tj ET Q q 0 0 0 rg BT 61.85 557.20 Td (Norske ) Tj ET Q q 0 0 0 rg BT 89.63 557.20 Td (V) Tj ET Q q 0 0 0 rg BT 95.14 557.20 Td (eritas, ) Tj ET Q q 0 0 0 rg BT 118.80 557.20 Td (or ) Tj ET Q q 0 0 0 rg BT 128.23 557.20 Td (DNV) Tj ET Q q 0 0 0 rg BT 146.57 557.20 Td (, ) Tj ET Q q 0 0 0 rg BT 150.75 557.20 Td (and ) Tj ET Q q 0 0 0 rg BT 165.67 557.20 Td (the ) Tj ET Q q 0 0 0 rg BT 178.59 557.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 209.50 557.20 Td (national ) Tj ET Q q 0 0 0 rg BT 240.42 557.20 Td (authorities ) Tj ET Q q 0 0 0 rg BT 280.34 557.20 Td (in ) Tj ET Q q 0 0 0 rg BT 289.27 557.20 Td (the ) Tj ET Q q 0 0 0 rg BT 302.19 557.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 337.11 557.20 Td (where ) Tj ET Q q 0 0 0 rg BT 361.02 557.20 Td (our ) Tj ET Q q 0 0 0 rg BT 374.95 557.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 403.38 557.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 418.80 557.20 Td (operate. ) Tj ET Q q 0 0 0 rg BT 449.46 557.20 Td (If ) Tj ET Q q 0 0 0 rg BT 457.39 557.20 Td (any ) Tj ET Q q 0 0 0 rg BT 472.31 557.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 500.74 557.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 512.66 557.20 Td (does ) Tj ET Q q 0 0 0 rg BT 531.09 557.20 Td (not ) Tj ET Q q 0 0 0 rg BT 544.52 557.20 Td (maintain ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 546.40 Td (its ) Tj ET Q q 0 0 0 rg BT 45.89 546.40 Td (class ) Tj ET Q q 0 0 0 rg BT 64.78 546.40 Td (and/or ) Tj ET Q q 0 0 0 rg BT 89.16 546.40 Td (fails ) Tj ET Q q 0 0 0 rg BT 106.04 546.40 Td (any ) Tj ET Q q 0 0 0 rg BT 120.43 546.40 Td (periodical ) Tj ET Q q 0 0 0 rg BT 157.80 546.40 Td (survey ) Tj ET Q q 0 0 0 rg BT 183.18 546.40 Td (or ) Tj ET Q q 0 0 0 rg BT 192.07 546.40 Td (special ) Tj ET Q q 0 0 0 rg BT 218.45 546.40 Td (survey) Tj ET Q q 0 0 0 rg BT 241.86 546.40 Td (, ) Tj ET Q q 0 0 0 rg BT 245.50 546.40 Td (the ) Tj ET Q q 0 0 0 rg BT 257.88 546.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 285.77 546.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 297.16 546.40 Td (will ) Tj ET Q q 0 0 0 rg BT 312.55 546.40 Td (be ) Tj ET Q q 0 0 0 rg BT 322.43 546.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 347.81 546.40 Td (to ) Tj ET Q q 0 0 0 rg BT 356.20 546.40 Td (carry ) Tj ET Q q 0 0 0 rg BT 376.08 546.40 Td (on ) Tj ET Q q 0 0 0 rg BT 386.46 546.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 425.34 546.40 Td (and ) Tj ET Q q 0 0 0 rg BT 439.73 546.40 Td (will ) Tj ET Q q 0 0 0 rg BT 455.12 546.40 Td (be ) Tj ET Q q 0 0 0 rg BT 465.00 546.40 Td (unemployable ) Tj ET Q q 0 0 0 rg BT 517.38 546.40 Td (and ) Tj ET Q q 0 0 0 rg BT 531.76 546.40 Td (uninsurable, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 535.60 Td (which ) Tj ET Q q 0 0 0 rg BT 60.03 535.60 Td (could ) Tj ET Q q 0 0 0 rg BT 82.06 535.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 104.08 535.60 Td (us ) Tj ET Q q 0 0 0 rg BT 114.11 535.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.15 535.60 Td (be ) Tj ET Q q 0 0 0 rg BT 133.68 535.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.71 535.60 Td (violation ) Tj ET Q q 0 0 0 rg BT 176.74 535.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.27 535.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.79 535.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 250.81 535.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.84 535.60 Td (our ) Tj ET Q q 0 0 0 rg BT 273.87 535.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 296.39 535.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 331.21 535.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 348.75 535.60 Td (such ) Tj ET Q q 0 0 0 rg BT 367.28 535.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 399.31 535.60 Td (to ) Tj ET Q q 0 0 0 rg BT 408.34 535.60 Td (carry ) Tj ET Q q 0 0 0 rg BT 428.86 535.60 Td (on ) Tj ET Q q 0 0 0 rg BT 439.89 535.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 479.42 535.60 Td (or ) Tj ET Q q 0 0 0 rg BT 488.95 535.60 Td (be ) Tj ET Q q 0 0 0 rg BT 499.48 535.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 537.00 535.60 Td (could ) Tj ET Q q 0 0 0 rg BT 559.03 535.60 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 524.80 Td (a ) Tj ET Q q 0 0 0 rg BT 42.24 524.80 Td (material ) Tj ET Q q 0 0 0 rg BT 73.98 524.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 103.71 524.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 130.45 524.80 Td (on ) Tj ET Q q 0 0 0 rg BT 141.70 524.80 Td (our ) Tj ET Q q 0 0 0 rg BT 155.95 524.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.68 524.80 Td (condition, ) Tj ET Q q 0 0 0 rg BT 228.18 524.80 Td (results ) Tj ET Q q 0 0 0 rg BT 253.92 524.80 Td (of ) Tj ET Q q 0 0 0 rg BT 263.67 524.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 305.66 524.80 Td (and ) Tj ET Q q 0 0 0 rg BT 320.91 524.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 346.15 524.80 Td (to ) Tj ET Q q 0 0 0 rg BT 355.40 524.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 370.65 524.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 407.90 524.80 Td (to ) Tj ET Q q 0 0 0 rg BT 417.15 524.80 Td (our ) Tj ET Q q 0 0 0 rg BT 431.39 524.80 Td (shareholders.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 497.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.75 497.20 Td (use ) Tj ET Q q 0 0 0 rg BT 67.50 497.20 Td (of ) Tj ET Q q 0 0 0 rg BT 77.25 497.20 Td (our ) Tj ET Q q 0 0 0 rg BT 92.50 497.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 122.26 497.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 138.52 497.20 Td (may ) Tj ET Q q 0 0 0 rg BT 156.27 497.20 Td (infringe ) Tj ET Q q 0 0 0 rg BT 188.52 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.27 497.20 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 246.02 497.20 Td (property ) Tj ET Q q 0 0 0 rg BT 279.26 497.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 303.02 497.20 Td (of ) Tj ET Q q 0 0 0 rg BT 312.77 497.20 Td (others.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 483.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.45 483.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 85.40 483.40 Td (of ) Tj ET Q q 0 0 0 rg BT 95.35 483.40 Td (the ) Tj ET Q q 0 0 0 rg BT 108.80 483.40 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 151.24 483.40 Td (property ) Tj ET Q q 0 0 0 rg BT 184.19 483.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 207.15 483.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 237.09 483.40 Td (to ) Tj ET Q q 0 0 0 rg BT 246.55 483.40 Td (our ) Tj ET Q q 0 0 0 rg BT 261.00 483.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 289.96 483.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 305.91 483.40 Td (and ) Tj ET Q q 0 0 0 rg BT 321.36 483.40 Td (related ) Tj ET Q q 0 0 0 rg BT 348.30 483.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 388.75 483.40 Td (are ) Tj ET Q q 0 0 0 rg BT 402.19 483.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 428.64 483.40 Td (by ) Tj ET Q q 0 0 0 rg BT 440.10 483.40 Td (our ) Tj ET Q q 0 0 0 rg BT 454.55 483.40 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 491.76 483.40 Td (In ) Tj ET Q q 0 0 0 rg BT 501.71 483.40 Td (the ) Tj ET Q q 0 0 0 rg BT 515.16 483.40 Td (event ) Tj ET Q q 0 0 0 rg BT 537.11 483.40 Td (that ) Tj ET Q q 0 0 0 rg BT 553.06 483.40 Td (one ) Tj ET Q q 0 0 0 rg BT 568.51 483.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.60 Td (our ) Tj ET Q q 0 0 0 rg BT 50.10 472.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 84.70 472.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 118.29 472.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 151.89 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.00 472.60 Td (a ) Tj ET Q q 0 0 0 rg BT 167.10 472.60 Td (dispute ) Tj ET Q q 0 0 0 rg BT 195.20 472.60 Td (over ) Tj ET Q q 0 0 0 rg BT 213.29 472.60 Td (infringement ) Tj ET Q q 0 0 0 rg BT 261.88 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.48 472.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 313.57 472.60 Td (property ) Tj ET Q q 0 0 0 rg BT 346.16 472.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 368.77 472.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 398.36 472.60 Td (to ) Tj ET Q q 0 0 0 rg BT 407.46 472.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 447.56 472.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 473.66 472.60 Td (by ) Tj ET Q q 0 0 0 rg BT 484.76 472.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 497.12 472.60 Td (we ) Tj ET Q q 0 0 0 rg BT 509.72 472.60 Td (may ) Tj ET Q q 0 0 0 rg BT 527.31 472.60 Td (lose ) Tj ET Q q 0 0 0 rg BT 543.92 472.60 Td (access ) Tj ET Q q 0 0 0 rg BT 569.00 472.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 461.80 Td (repair ) Tj ET Q q 0 0 0 rg BT 58.92 461.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 92.10 461.80 Td (replacement ) Tj ET Q q 0 0 0 rg BT 138.01 461.80 Td (parts, ) Tj ET Q q 0 0 0 rg BT 159.70 461.80 Td (or ) Tj ET Q q 0 0 0 rg BT 169.14 461.80 Td (could ) Tj ET Q q 0 0 0 rg BT 191.07 461.80 Td (be ) Tj ET Q q 0 0 0 rg BT 201.51 461.80 Td (required ) Tj ET Q q 0 0 0 rg BT 233.43 461.80 Td (to ) Tj ET Q q 0 0 0 rg BT 242.37 461.80 Td (cease ) Tj ET Q q 0 0 0 rg BT 263.79 461.80 Td (use ) Tj ET Q q 0 0 0 rg BT 277.73 461.80 Td (of ) Tj ET Q q 0 0 0 rg BT 287.17 461.80 Td (some ) Tj ET Q q 0 0 0 rg BT 308.11 461.80 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 350.29 461.80 Td (In ) Tj ET Q q 0 0 0 rg BT 359.72 461.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 393.41 461.80 Td (our ) Tj ET Q q 0 0 0 rg BT 407.35 461.80 Td (competitors ) Tj ET Q q 0 0 0 rg BT 451.78 461.80 Td (may ) Tj ET Q q 0 0 0 rg BT 469.22 461.80 Td (assert ) Tj ET Q q 0 0 0 rg BT 491.65 461.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 517.08 461.80 Td (for ) Tj ET Q q 0 0 0 rg BT 529.52 461.80 Td (infringement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 451.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.40 451.00 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 87.28 451.00 Td (property ) Tj ET Q q 0 0 0 rg BT 119.68 451.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 142.08 451.00 Td (related ) Tj ET Q q 0 0 0 rg BT 168.46 451.00 Td (to ) Tj ET Q q 0 0 0 rg BT 177.37 451.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.75 451.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 243.65 451.00 Td (on ) Tj ET Q q 0 0 0 rg BT 254.55 451.00 Td (our ) Tj ET Q q 0 0 0 rg BT 268.45 451.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 296.85 451.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 312.25 451.00 Td (and ) Tj ET Q q 0 0 0 rg BT 327.15 451.00 Td (we ) Tj ET Q q 0 0 0 rg BT 339.55 451.00 Td (may ) Tj ET Q q 0 0 0 rg BT 356.95 451.00 Td (be ) Tj ET Q q 0 0 0 rg BT 367.34 451.00 Td (required ) Tj ET Q q 0 0 0 rg BT 399.23 451.00 Td (to ) Tj ET Q q 0 0 0 rg BT 408.13 451.00 Td (stop ) Tj ET Q q 0 0 0 rg BT 425.04 451.00 Td (using ) Tj ET Q q 0 0 0 rg BT 446.44 451.00 Td (such ) Tj ET Q q 0 0 0 rg BT 464.84 451.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 504.74 451.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 529.63 451.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 544.53 451.00 Td (damages ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 440.20 Td (and ) Tj ET Q q 0 0 0 rg BT 51.01 440.20 Td (royalties ) Tj ET Q q 0 0 0 rg BT 84.01 440.20 Td (for ) Tj ET Q q 0 0 0 rg BT 96.51 440.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.52 440.20 Td (use ) Tj ET Q q 0 0 0 rg BT 123.52 440.20 Td (of ) Tj ET Q q 0 0 0 rg BT 133.03 440.20 Td (such ) Tj ET Q q 0 0 0 rg BT 151.54 440.20 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 193.65 440.20 Td (The ) Tj ET Q q 0 0 0 rg BT 209.65 440.20 Td (consequences ) Tj ET Q q 0 0 0 rg BT 261.14 440.20 Td (of ) Tj ET Q q 0 0 0 rg BT 270.65 440.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 312.65 440.20 Td (disputes ) Tj ET Q q 0 0 0 rg BT 344.16 440.20 Td (involving ) Tj ET Q q 0 0 0 rg BT 380.67 440.20 Td (our ) Tj ET Q q 0 0 0 rg BT 394.68 440.20 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 429.19 440.20 Td (or ) Tj ET Q q 0 0 0 rg BT 438.69 440.20 Td (competitors ) Tj ET Q q 0 0 0 rg BT 483.20 440.20 Td (could ) Tj ET Q q 0 0 0 rg BT 505.20 440.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 541.70 440.20 Td (af) Tj ET Q q 0 0 0 rg BT 548.53 440.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 564.02 440.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 429.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.27 429.40 Td (results ) Tj ET Q q 0 0 0 rg BT 94.55 429.40 Td (and ) Tj ET Q q 0 0 0 rg BT 109.32 429.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 150.72 429.40 Td (W) Tj ET Q q 0 0 0 rg BT 158.49 429.40 Td (e ) Tj ET Q q 0 0 0 rg BT 164.27 429.40 Td (have ) Tj ET Q q 0 0 0 rg BT 183.04 429.40 Td (provisions ) Tj ET Q q 0 0 0 rg BT 222.33 429.40 Td (in ) Tj ET Q q 0 0 0 rg BT 231.11 429.40 Td (some ) Tj ET Q q 0 0 0 rg BT 251.89 429.40 Td (of ) Tj ET Q q 0 0 0 rg BT 261.17 429.40 Td (our ) Tj ET Q q 0 0 0 rg BT 274.95 429.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 300.74 429.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 335.01 429.40 Td (for ) Tj ET Q q 0 0 0 rg BT 347.28 429.40 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 381.57 429.40 Td (to ) Tj ET Q q 0 0 0 rg BT 390.35 429.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 419.62 429.40 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 457.90 429.40 Td (to ) Tj ET Q q 0 0 0 rg BT 466.69 429.40 Td (us ) Tj ET Q q 0 0 0 rg BT 476.47 429.40 Td (against ) Tj ET Q q 0 0 0 rg BT 503.75 429.40 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 545.51 429.40 Td (property ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.60 Td (lawsuits. ) Tj ET Q q 0 0 0 rg BT 69.71 418.60 Td (However) Tj ET Q q 0 0 0 rg BT 102.34 418.60 Td (, ) Tj ET Q q 0 0 0 rg BT 106.55 418.60 Td (these ) Tj ET Q q 0 0 0 rg BT 127.01 418.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 161.47 418.60 Td (may ) Tj ET Q q 0 0 0 rg BT 178.93 418.60 Td (be ) Tj ET Q q 0 0 0 rg BT 189.39 418.60 Td (unwilling ) Tj ET Q q 0 0 0 rg BT 225.85 418.60 Td (or ) Tj ET Q q 0 0 0 rg BT 235.31 418.60 Td (financially ) Tj ET Q q 0 0 0 rg BT 275.76 418.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 301.71 418.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.67 418.60 Td (honor ) Tj ET Q q 0 0 0 rg BT 333.63 418.60 Td (their ) Tj ET Q q 0 0 0 rg BT 352.09 418.60 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 390.55 418.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 434.76 418.60 Td (or ) Tj ET Q q 0 0 0 rg BT 444.22 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.18 418.60 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 501.14 418.60 Td (may ) Tj ET Q q 0 0 0 rg BT 518.60 418.60 Td (not ) Tj ET Q q 0 0 0 rg BT 532.06 418.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 551.02 418.60 Td (protect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.80 Td (us ) Tj ET Q q 0 0 0 rg BT 46.62 407.80 Td (from ) Tj ET Q q 0 0 0 rg BT 66.73 407.80 Td (the ) Tj ET Q q 0 0 0 rg BT 80.35 407.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 110.45 407.80 Td (consequences ) Tj ET Q q 0 0 0 rg BT 162.54 407.80 Td (of ) Tj ET Q q 0 0 0 rg BT 172.66 407.80 Td (such ) Tj ET Q q 0 0 0 rg BT 191.77 407.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 234.38 407.80 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 268.56 407.80 Td (W) Tj ET Q q 0 0 0 rg BT 276.34 407.80 Td (e ) Tj ET Q q 0 0 0 rg BT 282.95 407.80 Td (also ) Tj ET Q q 0 0 0 rg BT 300.06 407.80 Td (have ) Tj ET Q q 0 0 0 rg BT 319.67 407.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 359.79 407.80 Td (in ) Tj ET Q q 0 0 0 rg BT 369.41 407.80 Td (some ) Tj ET Q q 0 0 0 rg BT 391.03 407.80 Td (of ) Tj ET Q q 0 0 0 rg BT 401.14 407.80 Td (our ) Tj ET Q q 0 0 0 rg BT 415.76 407.80 Td (client ) Tj ET Q q 0 0 0 rg BT 438.37 407.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 473.47 407.80 Td (to ) Tj ET Q q 0 0 0 rg BT 483.09 407.80 Td (require ) Tj ET Q q 0 0 0 rg BT 511.19 407.80 Td (the ) Tj ET Q q 0 0 0 rg BT 524.80 407.80 Td (client ) Tj ET Q q 0 0 0 rg BT 547.41 407.80 Td (to ) Tj ET Q q 0 0 0 rg BT 557.03 407.80 Td (share ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 397.00 Td (some ) Tj ET Q q 0 0 0 rg BT 57.25 397.00 Td (of ) Tj ET Q q 0 0 0 rg BT 66.99 397.00 Td (these ) Tj ET Q q 0 0 0 rg BT 87.74 397.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 106.99 397.00 Td (on ) Tj ET Q q 0 0 0 rg BT 118.24 397.00 Td (a ) Tj ET Q q 0 0 0 rg BT 124.48 397.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 152.23 397.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 174.73 397.00 Td (but ) Tj ET Q q 0 0 0 rg BT 188.48 397.00 Td (these ) Tj ET Q q 0 0 0 rg BT 209.22 397.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 248.98 397.00 Td (may ) Tj ET Q q 0 0 0 rg BT 266.72 397.00 Td (not ) Tj ET Q q 0 0 0 rg BT 280.47 397.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 299.72 397.00 Td (protect ) Tj ET Q q 0 0 0 rg BT 326.96 397.00 Td (us ) Tj ET Q q 0 0 0 rg BT 337.21 397.00 Td (from ) Tj ET Q q 0 0 0 rg BT 356.95 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.20 397.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 399.93 397.00 Td (consequences ) Tj ET Q q 0 0 0 rg BT 451.66 397.00 Td (of ) Tj ET Q q 0 0 0 rg BT 461.41 397.00 Td (such ) Tj ET Q q 0 0 0 rg BT 480.16 397.00 Td (technology ) Tj ET Q q 0 0 0 rg BT 522.40 397.00 Td (disputes.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 369.40 Td (A) Tj ET Q q 0 0 0 rg BT 41.51 369.40 Td ( ) Tj ET Q q 0 0 0 rg BT 43.76 369.40 Td (change ) Tj ET Q q 0 0 0 rg BT 73.01 369.40 Td (in ) Tj ET Q q 0 0 0 rg BT 82.76 369.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.51 369.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 115.27 369.40 Td (of ) Tj ET Q q 0 0 0 rg BT 125.02 369.40 Td (any ) Tj ET Q q 0 0 0 rg BT 140.77 369.40 Td (country ) Tj ET Q q 0 0 0 rg BT 171.52 369.40 Td (in ) Tj ET Q q 0 0 0 rg BT 181.27 369.40 Td (which ) Tj ET Q q 0 0 0 rg BT 206.03 369.40 Td (we ) Tj ET Q q 0 0 0 rg BT 218.28 369.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 248.02 369.40 Td (could ) Tj ET Q q 0 0 0 rg BT 270.77 369.40 Td (result ) Tj ET Q q 0 0 0 rg BT 294.03 369.40 Td (in ) Tj ET Q q 0 0 0 rg BT 303.79 369.40 Td (a ) Tj ET Q q 0 0 0 rg BT 310.54 369.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 337.29 369.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.04 369.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 382.79 369.40 Td (or ) Tj ET Q q 0 0 0 rg BT 393.04 369.40 Td (a ) Tj ET Q q 0 0 0 rg BT 399.79 369.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 426.55 369.40 Td (ef) Tj ET Q q 0 0 0 rg BT 433.38 369.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 459.60 369.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.35 369.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 490.10 369.40 Td (on ) Tj ET Q q 0 0 0 rg BT 501.86 369.40 Td (our ) Tj ET Q q 0 0 0 rg BT 517.11 369.40 Td (earnings.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 355.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 355.60 Td (e ) Tj ET Q q 0 0 0 rg BT 50.93 355.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 82.58 355.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.74 355.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.39 355.60 Td (through ) Tj ET Q q 0 0 0 rg BT 169.55 355.60 Td (various ) Tj ET Q q 0 0 0 rg BT 199.20 355.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 244.86 355.60 Td (in ) Tj ET Q q 0 0 0 rg BT 255.02 355.60 Td (various ) Tj ET Q q 0 0 0 rg BT 284.67 355.60 Td (countries. ) Tj ET Q q 0 0 0 rg BT 322.85 355.60 Td (T) Tj ET Q q 0 0 0 rg BT 327.71 355.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 339.37 355.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 361.28 355.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 404.43 355.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.58 355.60 Td (treaties ) Tj ET Q q 0 0 0 rg BT 449.73 355.60 Td (are ) Tj ET Q q 0 0 0 rg BT 463.88 355.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 490.04 355.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 524.19 355.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.34 355.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 569.00 355.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 344.80 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 88.45 344.80 Td (Consequently) Tj ET Q q 0 0 0 rg BT 137.36 344.80 Td (, ) Tj ET Q q 0 0 0 rg BT 141.32 344.80 Td (we ) Tj ET Q q 0 0 0 rg BT 153.53 344.80 Td (may ) Tj ET Q q 0 0 0 rg BT 170.75 344.80 Td (be ) Tj ET Q q 0 0 0 rg BT 180.96 344.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 208.17 344.80 Td (to ) Tj ET Q q 0 0 0 rg BT 216.88 344.80 Td (changing ) Tj ET Q q 0 0 0 rg BT 251.59 344.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.30 344.80 Td (laws, ) Tj ET Q q 0 0 0 rg BT 284.76 344.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 326.47 344.80 Td (and ) Tj ET Q q 0 0 0 rg BT 341.18 344.80 Td (treaties ) Tj ET Q q 0 0 0 rg BT 368.88 344.80 Td (in ) Tj ET Q q 0 0 0 rg BT 377.60 344.80 Td (and ) Tj ET Q q 0 0 0 rg BT 392.31 344.80 Td (between ) Tj ET Q q 0 0 0 rg BT 424.01 344.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 458.72 344.80 Td (in ) Tj ET Q q 0 0 0 rg BT 467.43 344.80 Td (which ) Tj ET Q q 0 0 0 rg BT 491.14 344.80 Td (we ) Tj ET Q q 0 0 0 rg BT 503.35 344.80 Td (operate. ) Tj ET Q q 0 0 0 rg BT 533.80 344.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 549.52 344.80 Td (income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 334.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 49.43 334.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 80.84 334.00 Td (is ) Tj ET Q q 0 0 0 rg BT 89.28 334.00 Td (based ) Tj ET Q q 0 0 0 rg BT 112.20 334.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 132.63 334.00 Td (our ) Tj ET Q q 0 0 0 rg BT 147.06 334.00 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 197.97 334.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.90 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.33 334.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.75 334.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 253.68 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 263.11 334.00 Td (ef) Tj ET Q q 0 0 0 rg BT 269.94 334.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 285.86 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 295.29 334.00 Td (various ) Tj ET Q q 0 0 0 rg BT 324.22 334.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 359.64 334.00 Td (at ) Tj ET Q q 0 0 0 rg BT 368.56 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.99 334.00 Td (time ) Tj ET Q q 0 0 0 rg BT 400.42 334.00 Td (that ) Tj ET Q q 0 0 0 rg BT 416.34 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.77 334.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 461.19 334.00 Td (was ) Tj ET Q q 0 0 0 rg BT 477.62 334.00 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 511.74 334.00 Td (A) Tj ET Q q 0 0 0 rg BT 517.75 334.00 Td ( ) Tj ET Q q 0 0 0 rg BT 520.18 334.00 Td (change ) Tj ET Q q 0 0 0 rg BT 548.09 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 557.52 334.00 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 49.05 323.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 69.86 323.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 111.91 323.20 Td (or ) Tj ET Q q 0 0 0 rg BT 121.46 323.20 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 151.75 323.20 Td (or ) Tj ET Q q 0 0 0 rg BT 161.31 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 170.37 323.20 Td (the ) Tj ET Q q 0 0 0 rg BT 183.42 323.20 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 233.96 323.20 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 263.75 323.20 Td (or ) Tj ET Q q 0 0 0 rg BT 273.30 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 282.36 323.20 Td (the ) Tj ET Q q 0 0 0 rg BT 295.41 323.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 330.96 323.20 Td (of ) Tj ET Q q 0 0 0 rg BT 340.52 323.20 Td (our ) Tj ET Q q 0 0 0 rg BT 354.57 323.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 386.60 323.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.66 323.20 Td (assets, ) Tj ET Q q 0 0 0 rg BT 424.96 323.20 Td (which ) Tj ET Q q 0 0 0 rg BT 449.01 323.20 Td (such ) Tj ET Q q 0 0 0 rg BT 467.57 323.20 Td (events ) Tj ET Q q 0 0 0 rg BT 492.62 323.20 Td (are ) Tj ET Q q 0 0 0 rg BT 505.66 323.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 534.21 323.20 Td (our ) Tj ET Q q 0 0 0 rg BT 548.27 323.20 Td (control, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 312.40 Td (may ) Tj ET Q q 0 0 0 rg BT 53.75 312.40 Td (result ) Tj ET Q q 0 0 0 rg BT 75.99 312.40 Td (in ) Tj ET Q q 0 0 0 rg BT 85.24 312.40 Td (a ) Tj ET Q q 0 0 0 rg BT 91.49 312.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 130.22 312.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 155.46 312.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.71 312.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 199.94 312.40 Td (or ) Tj ET Q q 0 0 0 rg BT 209.69 312.40 Td (a ) Tj ET Q q 0 0 0 rg BT 215.93 312.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 241.18 312.40 Td (ef) Tj ET Q q 0 0 0 rg BT 248.01 312.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 274.74 312.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 287.98 312.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 303.72 312.40 Td (on ) Tj ET Q q 0 0 0 rg BT 314.97 312.40 Td (our ) Tj ET Q q 0 0 0 rg BT 329.22 312.40 Td (earnings.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 284.80 Td (United ) Tj ET Q q 0 0 0 rg BT 63.56 284.80 Td (States ) Tj ET Q q 0 0 0 rg BT 88.12 284.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.17 284.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 144.74 284.80 Td (may ) Tj ET Q q 0 0 0 rg BT 162.79 284.80 Td (treat ) Tj ET Q q 0 0 0 rg BT 182.35 284.80 Td (us ) Tj ET Q q 0 0 0 rg BT 193.41 284.80 Td (as ) Tj ET Q q 0 0 0 rg BT 203.97 284.80 Td (a ) Tj ET Q q 0 0 0 rg BT 211.03 284.80 Td (passive ) Tj ET Q q 0 0 0 rg BT 244.58 284.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 274.14 284.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 316.69 284.80 Td (company ) Tj ET Q q 0 0 0 rg BT 357.25 284.80 Td ( ) Tj ET Q q 0 0 0 rg BT 359.80 284.80 Td (for ) Tj ET Q q 0 0 0 rg BT 373.36 284.80 Td (United ) Tj ET Q q 0 0 0 rg BT 400.92 284.80 Td (States ) Tj ET Q q 0 0 0 rg BT 425.48 284.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 454.02 284.80 Td (income ) Tj ET Q q 0 0 0 rg BT 483.57 284.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.63 284.80 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 535.44 284.80 Td (which ) Tj ET Q q 0 0 0 rg BT 560.51 284.80 Td (may ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 274.00 Td (have ) Tj ET Q q 0 0 0 rg BT 55.74 274.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 85.98 274.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 99.73 274.00 Td (consequences ) Tj ET Q q 0 0 0 rg BT 152.98 274.00 Td (to ) Tj ET Q q 0 0 0 rg BT 162.23 274.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 180.48 274.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 230.74 274.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.20 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 260.20 Td ( ) Tj ET Q q 0 0 0 rg BT 44.11 260.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 72.21 260.20 Td (corporation ) Tj ET Q q 0 0 0 rg BT 115.80 260.20 Td (will ) Tj ET Q q 0 0 0 rg BT 131.92 260.20 Td (be ) Tj ET Q q 0 0 0 rg BT 142.52 260.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 169.11 260.20 Td (as ) Tj ET Q q 0 0 0 rg BT 178.72 260.20 Td (a ) Tj ET Q q 0 0 0 rg BT 184.82 260.20 Td (passive ) Tj ET Q q 0 0 0 rg BT 217.42 260.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 245.52 260.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 287.12 260.20 Td (company) Tj ET Q q 0 0 0 rg BT 319.53 260.20 Td (, ) Tj ET Q q 0 0 0 rg BT 327.88 260.20 Td (or ) Tj ET Q q 0 0 0 rg BT 337.49 260.20 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 360.86 260.20 Td (for ) Tj ET Q q 0 0 0 rg BT 373.46 260.20 Td (United ) Tj ET Q q 0 0 0 rg BT 400.06 260.20 Td (States ) Tj ET Q q 0 0 0 rg BT 423.67 260.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 450.76 260.20 Td (income ) Tj ET Q q 0 0 0 rg BT 479.36 260.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 492.46 260.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 526.57 260.20 Td (if ) Tj ET Q q 0 0 0 rg BT 534.18 260.20 Td (either ) Tj ET Q q 0 0 0 rg BT 556.77 260.20 Td (\(1\)at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 249.40 Td (least ) Tj ET Q q 0 0 0 rg BT 54.01 249.40 Td (75% ) Tj ET Q q 0 0 0 rg BT 72.02 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 81.04 249.40 Td (its ) Tj ET Q q 0 0 0 rg BT 91.06 249.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 111.58 249.40 Td (income ) Tj ET Q q 0 0 0 rg BT 139.58 249.40 Td (for ) Tj ET Q q 0 0 0 rg BT 151.60 249.40 Td (any ) Tj ET Q q 0 0 0 rg BT 166.11 249.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 193.61 249.40 Td (year ) Tj ET Q q 0 0 0 rg BT 210.61 249.40 Td (consists ) Tj ET Q q 0 0 0 rg BT 240.63 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 249.65 249.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 275.65 249.40 Td (types ) Tj ET Q q 0 0 0 rg BT 296.16 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 305.18 249.40 Td (passive ) Tj ET Q q 0 0 0 rg BT 337.18 249.40 Td (income ) Tj ET Q q 0 0 0 rg BT 369.18 249.40 Td (or ) Tj ET Q q 0 0 0 rg BT 378.20 249.40 Td (\(2\)at ) Tj ET Q q 0 0 0 rg BT 398.95 249.40 Td (least ) Tj ET Q q 0 0 0 rg BT 416.96 249.40 Td (50% ) Tj ET Q q 0 0 0 rg BT 434.98 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 443.99 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 456.50 249.40 Td (average ) Tj ET Q q 0 0 0 rg BT 486.00 249.40 Td (value ) Tj ET Q q 0 0 0 rg BT 507.00 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 516.02 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 528.53 249.40 Td (corporation) Tj ET Q q 0 0 0 rg BT 572.52 249.40 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 59.83 238.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 91.66 238.60 Td (or ) Tj ET Q q 0 0 0 rg BT 101.99 238.60 Td (are ) Tj ET Q q 0 0 0 rg BT 115.81 238.60 Td (held ) Tj ET Q q 0 0 0 rg BT 134.15 238.60 Td (for ) Tj ET Q q 0 0 0 rg BT 147.48 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.31 238.60 Td (production ) Tj ET Q q 0 0 0 rg BT 203.14 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.47 238.60 Td (those ) Tj ET Q q 0 0 0 rg BT 235.31 238.60 Td (types ) Tj ET Q q 0 0 0 rg BT 257.14 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.48 238.60 Td (passive ) Tj ET Q q 0 0 0 rg BT 300.80 238.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 336.37 238.60 Td (For ) Tj ET Q q 0 0 0 rg BT 351.71 238.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 386.55 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.88 238.60 Td (these ) Tj ET Q q 0 0 0 rg BT 418.21 238.60 Td (tests, ) Tj ET Q q 0 0 0 rg BT 439.30 238.60 Td (passive ) Tj ET Q q 0 0 0 rg BT 472.62 238.60 Td (income ) Tj ET Q q 0 0 0 rg BT 505.95 238.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 538.77 238.60 Td (dividends, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.80 Td (interest, ) Tj ET Q q 0 0 0 rg BT 67.65 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 83.56 227.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 105.46 227.80 Td (from ) Tj ET Q q 0 0 0 rg BT 125.87 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.77 227.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 156.68 227.80 Td (or ) Tj ET Q q 0 0 0 rg BT 167.08 227.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 203.97 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 214.38 227.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 256.78 227.80 Td (property ) Tj ET Q q 0 0 0 rg BT 290.18 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 306.09 227.80 Td (rents ) Tj ET Q q 0 0 0 rg BT 326.49 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 342.40 227.80 Td (royalties ) Tj ET Q q 0 0 0 rg BT 376.30 227.80 Td (other ) Tj ET Q q 0 0 0 rg BT 397.70 227.80 Td (than ) Tj ET Q q 0 0 0 rg BT 416.10 227.80 Td (rents ) Tj ET Q q 0 0 0 rg BT 436.51 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 452.41 227.80 Td (royalties ) Tj ET Q q 0 0 0 rg BT 486.31 227.80 Td (which ) Tj ET Q q 0 0 0 rg BT 511.22 227.80 Td (are ) Tj ET Q q 0 0 0 rg BT 525.12 227.80 Td (received ) Tj ET Q q 0 0 0 rg BT 558.50 227.80 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 217.00 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 72.34 217.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 99.18 217.00 Td (in ) Tj ET Q q 0 0 0 rg BT 109.04 217.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 151.38 217.00 Td (with ) Tj ET Q q 0 0 0 rg BT 170.23 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.09 217.00 Td (active ) Tj ET Q q 0 0 0 rg BT 208.43 217.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 239.77 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 250.12 217.00 Td (a ) Tj ET Q q 0 0 0 rg BT 256.97 217.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 277.82 217.00 Td (or ) Tj ET Q q 0 0 0 rg BT 288.17 217.00 Td (business. ) Tj ET Q q 0 0 0 rg BT 323.78 217.00 Td (For ) Tj ET Q q 0 0 0 rg BT 339.13 217.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 373.99 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 384.34 217.00 Td (these ) Tj ET Q q 0 0 0 rg BT 405.69 217.00 Td (tests, ) Tj ET Q q 0 0 0 rg BT 426.79 217.00 Td (income ) Tj ET Q q 0 0 0 rg BT 456.14 217.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 485.98 217.00 Td (from ) Tj ET Q q 0 0 0 rg BT 506.33 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.18 217.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 568.51 217.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 206.20 Td (services ) Tj ET Q q 0 0 0 rg BT 66.88 206.20 Td (does ) Tj ET Q q 0 0 0 rg BT 85.26 206.20 Td (not ) Tj ET Q q 0 0 0 rg BT 98.65 206.20 Td (constitute ) Tj ET Q q 0 0 0 rg BT 135.53 206.20 Td ("passive ) Tj ET Q q 0 0 0 rg BT 167.59 206.20 Td (income." ) Tj ET Q q 0 0 0 rg BT 201.89 206.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 219.79 206.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 267.16 206.20 Td (of ) Tj ET Q q 0 0 0 rg BT 276.54 206.20 Td (a ) Tj ET Q q 0 0 0 rg BT 282.43 206.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 303.33 206.20 Td (are ) Tj ET Q q 0 0 0 rg BT 316.20 206.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 343.58 206.20 Td (to ) Tj ET Q q 0 0 0 rg BT 352.47 206.20 Td (a ) Tj ET Q q 0 0 0 rg BT 358.35 206.20 Td (disadvantageous ) Tj ET Q q 0 0 0 rg BT 419.73 206.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 437.62 206.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 464.49 206.20 Td (income ) Tj ET Q q 0 0 0 rg BT 492.87 206.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.75 206.20 Td (regime ) Tj ET Q q 0 0 0 rg BT 532.63 206.20 Td (with ) Tj ET Q q 0 0 0 rg BT 550.52 206.20 Td (respect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 195.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.48 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 58.95 195.40 Td (income ) Tj ET Q q 0 0 0 rg BT 87.92 195.40 Td (derived ) Tj ET Q q 0 0 0 rg BT 117.39 195.40 Td (by ) Tj ET Q q 0 0 0 rg BT 128.87 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 142.34 195.40 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 166.08 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 179.56 195.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 227.04 195.40 Td (they ) Tj ET Q q 0 0 0 rg BT 245.02 195.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 273.47 195.40 Td (from ) Tj ET Q q 0 0 0 rg BT 293.45 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.92 195.40 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 328.41 195.40 Td (and ) Tj ET Q q 0 0 0 rg BT 343.89 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 357.36 195.40 Td (gain, ) Tj ET Q q 0 0 0 rg BT 377.59 195.40 Td (if ) Tj ET Q q 0 0 0 rg BT 385.56 195.40 Td (any) Tj ET Q q 0 0 0 rg BT 397.97 195.40 Td (, ) Tj ET Q q 0 0 0 rg BT 402.70 195.40 Td (they ) Tj ET Q q 0 0 0 rg BT 420.68 195.40 Td (derive ) Tj ET Q q 0 0 0 rg BT 445.64 195.40 Td (from ) Tj ET Q q 0 0 0 rg BT 465.62 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 479.09 195.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 495.56 195.40 Td (or ) Tj ET Q q 0 0 0 rg BT 505.54 195.40 Td (other ) Tj ET Q q 0 0 0 rg BT 526.51 195.40 Td (disposition ) Tj ET Q q 0 0 0 rg BT 568.50 195.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 184.60 Td (their ) Tj ET Q q 0 0 0 rg BT 54.74 184.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 79.48 184.60 Td (in ) Tj ET Q q 0 0 0 rg BT 88.73 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.98 184.60 Td (PFIC.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 157.00 Td (Based ) Tj ET Q q 0 0 0 rg BT 59.70 157.00 Td (on ) Tj ET Q q 0 0 0 rg BT 70.40 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 83.10 157.00 Td (current ) Tj ET Q q 0 0 0 rg BT 110.29 157.00 Td (and ) Tj ET Q q 0 0 0 rg BT 124.98 157.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 166.17 157.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 201.36 157.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.56 157.00 Td (our ) Tj ET Q q 0 0 0 rg BT 224.26 157.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 249.21 157.00 Td (including ) Tj ET Q q 0 0 0 rg BT 284.91 157.00 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 320.87 157.00 Td (and ) Tj ET Q q 0 0 0 rg BT 335.56 157.00 Td (composition ) Tj ET Q q 0 0 0 rg BT 381.77 157.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.97 157.00 Td (our ) Tj ET Q q 0 0 0 rg BT 404.67 157.00 Td (income ) Tj ET Q q 0 0 0 rg BT 432.86 157.00 Td (and ) Tj ET Q q 0 0 0 rg BT 447.56 157.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 472.51 157.00 Td (we ) Tj ET Q q 0 0 0 rg BT 484.70 157.00 Td (intend ) Tj ET Q q 0 0 0 rg BT 508.90 157.00 Td (to ) Tj ET Q q 0 0 0 rg BT 517.61 157.00 Td (take ) Tj ET Q q 0 0 0 rg BT 534.30 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 547.00 157.00 Td (position ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 146.20 Td (that ) Tj ET Q q 0 0 0 rg BT 51.53 146.20 Td (we ) Tj ET Q q 0 0 0 rg BT 64.06 146.20 Td (will ) Tj ET Q q 0 0 0 rg BT 80.09 146.20 Td (not ) Tj ET Q q 0 0 0 rg BT 93.63 146.20 Td (be ) Tj ET Q q 0 0 0 rg BT 104.15 146.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 130.67 146.20 Td (as ) Tj ET Q q 0 0 0 rg BT 140.20 146.20 Td (a ) Tj ET Q q 0 0 0 rg BT 146.23 146.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 167.27 146.20 Td (for ) Tj ET Q q 0 0 0 rg BT 179.80 146.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 197.84 146.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 224.85 146.20 Td (income ) Tj ET Q q 0 0 0 rg BT 253.38 146.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 266.40 146.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 300.44 146.20 Td (for ) Tj ET Q q 0 0 0 rg BT 312.96 146.20 Td (our ) Tj ET Q q 0 0 0 rg BT 326.99 146.20 Td (current ) Tj ET Q q 0 0 0 rg BT 354.51 146.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 382.53 146.20 Td (year ) Tj ET Q q 0 0 0 rg BT 400.05 146.20 Td (or ) Tj ET Q q 0 0 0 rg BT 409.58 146.20 Td (in ) Tj ET Q q 0 0 0 rg BT 418.61 146.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.64 146.20 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 474.65 146.20 Td (future. ) Tj ET Q q 0 0 0 rg BT 500.42 146.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 516.45 146.20 Td (position ) Tj ET Q q 0 0 0 rg BT 547.49 146.20 Td (is ) Tj ET Q q 0 0 0 rg BT 555.52 146.20 Td (based ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 135.40 Td (on ) Tj ET Q q 0 0 0 rg BT 46.51 135.40 Td (valuations ) Tj ET Q q 0 0 0 rg BT 85.02 135.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.53 135.40 Td (projections ) Tj ET Q q 0 0 0 rg BT 141.03 135.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 174.54 135.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 210.54 135.40 Td (our ) Tj ET Q q 0 0 0 rg BT 224.05 135.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 246.56 135.40 Td (and ) Tj ET Q q 0 0 0 rg BT 261.07 135.40 Td (income. ) Tj ET Q q 0 0 0 rg BT 291.21 135.40 Td (While ) Tj ET Q q 0 0 0 rg BT 314.72 135.40 Td (we ) Tj ET Q q 0 0 0 rg BT 326.73 135.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 354.23 135.40 Td (these ) Tj ET Q q 0 0 0 rg BT 374.23 135.40 Td (valuations ) Tj ET Q q 0 0 0 rg BT 412.74 135.40 Td (and ) Tj ET Q q 0 0 0 rg BT 427.25 135.40 Td (projections ) Tj ET Q q 0 0 0 rg BT 468.75 135.40 Td (to ) Tj ET Q q 0 0 0 rg BT 477.27 135.40 Td (be ) Tj ET Q q 0 0 0 rg BT 487.28 135.40 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 521.01 135.40 Td (such ) Tj ET Q q 0 0 0 rg BT 539.02 135.40 Td (valuations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.40 124.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 93.80 124.60 Td (may ) Tj ET Q q 0 0 0 rg BT 111.70 124.60 Td (not ) Tj ET Q q 0 0 0 rg BT 125.61 124.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 159.00 124.60 Td (to ) Tj ET Q q 0 0 0 rg BT 168.41 124.60 Td (be ) Tj ET Q q 0 0 0 rg BT 179.31 124.60 Td (accurate. ) Tj ET Q q 0 0 0 rg BT 213.94 124.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 249.06 124.60 Td (, ) Tj ET Q q 0 0 0 rg BT 253.72 124.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.62 124.60 Td (we ) Tj ET Q q 0 0 0 rg BT 276.52 124.60 Td (have ) Tj ET Q q 0 0 0 rg BT 295.92 124.60 Td (not ) Tj ET Q q 0 0 0 rg BT 309.82 124.60 Td (sought ) Tj ET Q q 0 0 0 rg BT 336.23 124.60 Td (a ) Tj ET Q q 0 0 0 rg BT 342.63 124.60 Td (ruling ) Tj ET Q q 0 0 0 rg BT 366.54 124.60 Td (from ) Tj ET Q q 0 0 0 rg BT 386.44 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.84 124.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 430.23 124.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 464.12 124.60 Td (Service, ) Tj ET Q q 0 0 0 rg BT 495.77 124.60 Td (or ) Tj ET Q q 0 0 0 rg BT 505.67 124.60 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 524.33 124.60 Td (on ) Tj ET Q q 0 0 0 rg BT 535.74 124.60 Td (this ) Tj ET Q q 0 0 0 rg BT 551.15 124.60 Td (matter) Tj ET Q q 0 0 0 rg BT 573.78 124.60 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 113.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.32 113.80 Td (IRS ) Tj ET Q q 0 0 0 rg BT 65.65 113.80 Td (or ) Tj ET Q q 0 0 0 rg BT 75.47 113.80 Td (a ) Tj ET Q q 0 0 0 rg BT 81.79 113.80 Td (court ) Tj ET Q q 0 0 0 rg BT 102.61 113.80 Td (could ) Tj ET Q q 0 0 0 rg BT 124.93 113.80 Td (disagree ) Tj ET Q q 0 0 0 rg BT 157.24 113.80 Td (with ) Tj ET Q q 0 0 0 rg BT 175.57 113.80 Td (our ) Tj ET Q q 0 0 0 rg BT 189.89 113.80 Td (position. ) Tj ET Q q 0 0 0 rg BT 223.47 113.80 Td (In ) Tj ET Q q 0 0 0 rg BT 233.29 113.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 267.37 113.80 Td (although ) Tj ET Q q 0 0 0 rg BT 301.19 113.80 Td (we ) Tj ET Q q 0 0 0 rg BT 314.01 113.80 Td (intend ) Tj ET Q q 0 0 0 rg BT 338.83 113.80 Td (to ) Tj ET Q q 0 0 0 rg BT 348.15 113.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 378.97 113.80 Td (our ) Tj ET Q q 0 0 0 rg BT 393.29 113.80 Td (af) Tj ET Q q 0 0 0 rg BT 400.12 113.80 Td (fairs ) Tj ET Q q 0 0 0 rg BT 418.44 113.80 Td (in ) Tj ET Q q 0 0 0 rg BT 427.77 113.80 Td (a ) Tj ET Q q 0 0 0 rg BT 434.09 113.80 Td (manner ) Tj ET Q q 0 0 0 rg BT 463.40 113.80 Td (to ) Tj ET Q q 0 0 0 rg BT 472.72 113.80 Td (avoid, ) Tj ET Q q 0 0 0 rg BT 497.30 113.80 Td (to ) Tj ET Q q 0 0 0 rg BT 506.62 113.80 Td (the ) Tj ET Q q 0 0 0 rg BT 519.94 113.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 544.26 113.80 Td (possible, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.00 Td (being ) Tj ET Q q 0 0 0 rg BT 58.02 103.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 94.03 103.00 Td (as ) Tj ET Q q 0 0 0 rg BT 103.56 103.00 Td (a ) Tj ET Q q 0 0 0 rg BT 109.58 103.00 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 130.61 103.00 Td (with ) Tj ET Q q 0 0 0 rg BT 148.64 103.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 176.15 103.00 Td (to ) Tj ET Q q 0 0 0 rg BT 185.18 103.00 Td (any ) Tj ET Q q 0 0 0 rg BT 200.20 103.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 228.21 103.00 Td (year) Tj ET Q q 0 0 0 rg BT 243.33 103.00 Td (, ) Tj ET Q q 0 0 0 rg BT 247.61 103.00 Td (the ) Tj ET Q q 0 0 0 rg BT 260.63 103.00 Td (nature ) Tj ET Q q 0 0 0 rg BT 285.14 103.00 Td (of ) Tj ET Q q 0 0 0 rg BT 294.67 103.00 Td (our ) Tj ET Q q 0 0 0 rg BT 308.69 103.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 348.21 103.00 Td (may ) Tj ET Q q 0 0 0 rg BT 365.73 103.00 Td (change ) Tj ET Q q 0 0 0 rg BT 393.24 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 402.26 103.00 Td (the ) Tj ET Q q 0 0 0 rg BT 415.28 103.00 Td (future, ) Tj ET Q q 0 0 0 rg BT 441.05 103.00 Td (and ) Tj ET Q q 0 0 0 rg BT 456.07 103.00 Td (if ) Tj ET Q q 0 0 0 rg BT 463.59 103.00 Td (so, ) Tj ET Q q 0 0 0 rg BT 475.87 103.00 Td (we ) Tj ET Q q 0 0 0 rg BT 488.39 103.00 Td (may ) Tj ET Q q 0 0 0 rg BT 505.91 103.00 Td (not ) Tj ET Q q 0 0 0 rg BT 519.44 103.00 Td (be ) Tj ET Q q 0 0 0 rg BT 529.96 103.00 Td (able ) Tj ET Q q 0 0 0 rg BT 546.97 103.00 Td (to ) Tj ET Q q 0 0 0 rg BT 556.00 103.00 Td (avoid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 92.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 57.26 92.20 Td (status ) Tj ET Q q 0 0 0 rg BT 80.01 92.20 Td (in ) Tj ET Q q 0 0 0 rg BT 89.26 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 102.51 92.20 Td (future.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 64.60 Td (If ) Tj ET Q q 0 0 0 rg BT 43.35 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 55.69 64.60 Td (IRS ) Tj ET Q q 0 0 0 rg BT 71.05 64.60 Td (were ) Tj ET Q q 0 0 0 rg BT 89.89 64.60 Td (to ) Tj ET Q q 0 0 0 rg BT 98.24 64.60 Td (find ) Tj ET Q q 0 0 0 rg BT 114.09 64.60 Td (that ) Tj ET Q q 0 0 0 rg BT 128.94 64.60 Td (we ) Tj ET Q q 0 0 0 rg BT 140.78 64.60 Td (are ) Tj ET Q q 0 0 0 rg BT 153.12 64.60 Td (or ) Tj ET Q q 0 0 0 rg BT 161.97 64.60 Td (have ) Tj ET Q q 0 0 0 rg BT 180.31 64.60 Td (been ) Tj ET Q q 0 0 0 rg BT 198.65 64.60 Td (a ) Tj ET Q q 0 0 0 rg BT 204.00 64.60 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 224.36 64.60 Td (for ) Tj ET Q q 0 0 0 rg BT 236.20 64.60 Td (any ) Tj ET Q q 0 0 0 rg BT 250.55 64.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 277.89 64.60 Td (year) Tj ET Q q 0 0 0 rg BT 293.01 64.60 Td (, ) Tj ET Q q 0 0 0 rg BT 296.61 64.60 Td (our ) Tj ET Q q 0 0 0 rg BT 309.96 64.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 327.32 64.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 355.16 64.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.01 64.60 Td (our ) Tj ET Q q 0 0 0 rg BT 377.36 64.60 Td (common ) Tj ET Q q 0 0 0 rg BT 410.21 64.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 434.05 64.60 Td (will ) Tj ET Q q 0 0 0 rg BT 449.40 64.60 Td (face ) Tj ET Q q 0 0 0 rg BT 465.74 64.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 494.57 64.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 511.93 64.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.27 64.60 Td (consequences. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 53.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 61.10 53.80 Td (the ) Tj ET Q q 0 0 0 rg BT 74.71 53.80 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 96.33 53.80 Td (rules, ) Tj ET Q q 0 0 0 rg BT 118.68 53.80 Td (unless ) Tj ET Q q 0 0 0 rg BT 143.79 53.80 Td (those ) Tj ET Q q 0 0 0 rg BT 165.40 53.80 Td (holders ) Tj ET Q q 0 0 0 rg BT 194.51 53.80 Td (make ) Tj ET Q q 0 0 0 rg BT 216.61 53.80 Td (an ) Tj ET Q q 0 0 0 rg BT 227.71 53.80 Td (election ) Tj ET Q q 0 0 0 rg BT 258.81 53.80 Td (available ) Tj ET Q q 0 0 0 rg BT 293.90 53.80 Td (under ) Tj ET Q q 0 0 0 rg BT 317.00 53.80 Td (the ) Tj ET Q q 0 0 0 rg BT 330.60 53.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 361.20 53.80 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 395.30 53.80 Td (Code ) Tj ET Q q 0 0 0 rg BT 416.90 53.80 Td (of ) Tj ET Q q 0 0 0 rg BT 427.01 53.80 Td (1986, ) Tj ET Q q 0 0 0 rg BT 449.87 53.80 Td (as ) Tj ET Q q 0 0 0 rg BT 459.98 53.80 Td (amended, ) Tj ET Q q 0 0 0 rg BT 497.32 53.80 Td (\(which ) Tj ET Q q 0 0 0 rg BT 524.93 53.80 Td (election ) Tj ET Q q 0 0 0 rg BT 556.02 53.80 Td (could ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 43.00 Td (itself ) Tj ET Q q 0 0 0 rg BT 56.31 43.00 Td (have ) Tj ET Q q 0 0 0 rg BT 75.61 43.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 105.41 43.00 Td (consequences ) Tj ET Q q 0 0 0 rg BT 157.20 43.00 Td (for ) Tj ET Q q 0 0 0 rg BT 170.01 43.00 Td (such ) Tj ET Q q 0 0 0 rg BT 188.82 43.00 Td (holders, ) Tj ET Q q 0 0 0 rg BT 219.88 43.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.69 43.00 Td (discussed ) Tj ET Q q 0 0 0 rg BT 266.50 43.00 Td (below ) Tj ET Q q 0 0 0 rg BT 290.81 43.00 Td (under ) Tj ET Q q 0 0 0 rg BT 313.62 43.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 336.42 43.00 Td (10. ) Tj ET Q q 0 0 0 rg BT 349.47 43.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 390.28 43.00 Td (InformationE. ) Tj ET Q q 0 0 0 rg BT 452.16 43.00 Td (T) Tj ET Q q 0 0 0 rg BT 457.03 43.00 Td (axation\), ) Tj ET Q q 0 0 0 rg BT 495.08 43.00 Td (such ) Tj ET Q q 0 0 0 rg BT 513.89 43.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 542.70 43.00 Td (would ) Tj ET Q q 0 0 0 rg BT 567.51 43.00 Td (be ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (liable ) Tj ET Q q 0 0 0 rg BT 58.63 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 68.26 749.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 83.90 749.80 Td (United ) Tj ET Q q 0 0 0 rg BT 111.03 749.80 Td (States ) Tj ET Q q 0 0 0 rg BT 135.16 749.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 162.78 749.80 Td (income ) Tj ET Q q 0 0 0 rg BT 191.90 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 205.54 749.80 Td (at ) Tj ET Q q 0 0 0 rg BT 214.67 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 228.30 749.80 Td (then ) Tj ET Q q 0 0 0 rg BT 246.43 749.80 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 285.56 749.80 Td (income ) Tj ET Q q 0 0 0 rg BT 314.68 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.32 749.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 347.94 749.80 Td (on ) Tj ET Q q 0 0 0 rg BT 359.58 749.80 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 392.70 749.80 Td (income ) Tj ET Q q 0 0 0 rg BT 421.83 749.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 439.47 749.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.60 749.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 489.23 749.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 515.36 749.80 Td (distributions ) Tj ET Q q 0 0 0 rg BT 563.00 749.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 55.69 739.00 Td (any ) Tj ET Q q 0 0 0 rg BT 70.37 739.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 87.56 739.00 Td (from ) Tj ET Q q 0 0 0 rg BT 106.74 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.43 739.00 Td (disposition ) Tj ET Q q 0 0 0 rg BT 160.63 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 169.81 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 183.50 739.00 Td (common ) Tj ET Q q 0 0 0 rg BT 216.69 739.00 Td (shares, ) Tj ET Q q 0 0 0 rg BT 243.12 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 252.30 739.00 Td (if ) Tj ET Q q 0 0 0 rg BT 259.49 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.18 739.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 297.35 739.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 340.55 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 349.73 739.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 366.92 739.00 Td (had ) Tj ET Q q 0 0 0 rg BT 381.60 739.00 Td (been ) Tj ET Q q 0 0 0 rg BT 400.28 739.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 441.45 739.00 Td (ratably ) Tj ET Q q 0 0 0 rg BT 468.13 739.00 Td (over ) Tj ET Q q 0 0 0 rg BT 485.81 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.49 739.00 Td (shareholder) Tj ET Q q 0 0 0 rg BT 540.81 739.00 Td () Tj ET Q q 0 0 0 rg BT 543.31 739.00 Td (s ) Tj ET Q q 0 0 0 rg BT 548.50 739.00 Td (holding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (period ) Tj ET Q q 0 0 0 rg BT 61.68 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 71.86 728.20 Td (our ) Tj ET Q q 0 0 0 rg BT 86.54 728.20 Td (common ) Tj ET Q q 0 0 0 rg BT 120.72 728.20 Td (shares. ) Tj ET Q q 0 0 0 rg BT 148.14 728.20 Td (See ) Tj ET Q q 0 0 0 rg BT 163.82 728.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 186.99 728.20 Td (10. ) Tj ET Q q 0 0 0 rg BT 200.34 728.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 241.52 728.20 Td (InformationE. ) Tj ET Q q 0 0 0 rg BT 303.74 728.20 Td (T) Tj ET Q q 0 0 0 rg BT 308.61 728.20 Td (axation-United ) Tj ET Q q 0 0 0 rg BT 365.28 728.20 Td (States ) Tj ET Q q 0 0 0 rg BT 389.46 728.20 Td (Federal ) Tj ET Q q 0 0 0 rg BT 419.13 728.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 448.61 728.20 Td (T) Tj ET Q q 0 0 0 rg BT 453.48 728.20 Td (axation ) Tj ET Q q 0 0 0 rg BT 482.65 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 492.83 728.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 511.52 728.20 Td (HoldersPassive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 66.36 717.40 Td (Investment ) Tj ET Q q 0 0 0 rg BT 108.70 717.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.05 717.40 Td (for ) Tj ET Q q 0 0 0 rg BT 162.91 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 169.26 717.40 Td (more ) Tj ET Q q 0 0 0 rg BT 190.11 717.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 246.95 717.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 286.81 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 296.66 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.01 717.40 Td (United ) Tj ET Q q 0 0 0 rg BT 336.87 717.40 Td (States ) Tj ET Q q 0 0 0 rg BT 360.72 717.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 388.06 717.40 Td (income ) Tj ET Q q 0 0 0 rg BT 416.91 717.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.26 717.40 Td (consequences ) Tj ET Q q 0 0 0 rg BT 482.10 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 491.46 717.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 520.31 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 530.16 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 544.52 717.40 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 60.74 706.60 Td (if ) Tj ET Q q 0 0 0 rg BT 68.49 706.60 Td (we ) Tj ET Q q 0 0 0 rg BT 81.23 706.60 Td (are ) Tj ET Q q 0 0 0 rg BT 94.47 706.60 Td (treated ) Tj ET Q q 0 0 0 rg BT 121.20 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 130.95 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 137.19 706.60 Td (PFIC.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 679.00 Td (e ) Tj ET Q q 0 0 0 rg BT 50.23 679.00 Td (depend ) Tj ET Q q 0 0 0 rg BT 79.64 679.00 Td (on ) Tj ET Q q 0 0 0 rg BT 92.05 679.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 127.45 679.00 Td (who ) Tj ET Q q 0 0 0 rg BT 145.86 679.00 Td (are ) Tj ET Q q 0 0 0 rg BT 160.77 679.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 201.67 679.00 Td (with ) Tj ET Q q 0 0 0 rg BT 220.58 679.00 Td (af) Tj ET Q q 0 0 0 rg BT 227.92 679.00 Td (filiated ) Tj ET Q q 0 0 0 rg BT 256.82 679.00 Td (companies, ) Tj ET Q q 0 0 0 rg BT 301.47 679.00 Td (which ) Tj ET Q q 0 0 0 rg BT 326.88 679.00 Td (may ) Tj ET Q q 0 0 0 rg BT 345.29 679.00 Td (create ) Tj ET Q q 0 0 0 rg BT 370.68 679.00 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 405.08 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 415.48 679.00 Td (interest, ) Tj ET Q q 0 0 0 rg BT 448.14 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 465.05 679.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 496.96 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 513.87 679.00 Td (its ) Tj ET Q q 0 0 0 rg BT 525.28 679.00 Td (af) Tj ET Q q 0 0 0 rg BT 532.61 679.00 Td (filiates ) Tj ET Q q 0 0 0 rg BT 560.52 679.00 Td (may ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (compete ) Tj ET Q q 0 0 0 rg BT 68.73 668.20 Td (against ) Tj ET Q q 0 0 0 rg BT 97.99 668.20 Td (us.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.02 654.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 86.02 654.40 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 130.02 654.40 Td (is ) Tj ET Q q 0 0 0 rg BT 138.05 654.40 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 170.31 654.40 Td ( ) Tj ET Q q 0 0 0 rg BT 172.33 654.40 Td (Mrs.Kate ) Tj ET Q q 0 0 0 rg BT 210.34 654.40 Td (Blankenship, ) Tj ET Q q 0 0 0 rg BT 259.60 654.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 270.11 654.40 Td (.PaulM. ) Tj ET Q q 0 0 0 rg BT 305.13 654.40 Td (Leand ) Tj ET Q q 0 0 0 rg BT 329.64 654.40 Td (Jr) Tj ET Q q 0 0 0 rg BT 335.78 654.40 Td (, ) Tj ET Q q 0 0 0 rg BT 340.04 654.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 350.55 654.40 Td (. ) Tj ET Q q 0 0 0 rg BT 354.82 654.40 Td (Orjan ) Tj ET Q q 0 0 0 rg BT 377.33 654.40 Td (Svanevik ) Tj ET Q q 0 0 0 rg BT 412.84 654.40 Td (and ) Tj ET Q q 0 0 0 rg BT 427.86 654.40 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 446.63 654.40 Td (Geor) Tj ET Q q 0 0 0 rg BT 464.46 654.40 Td (gina ) Tj ET Q q 0 0 0 rg BT 481.97 654.40 Td (Sousa ) Tj ET Q q 0 0 0 rg BT 505.49 654.40 Td (are ) Tj ET Q q 0 0 0 rg BT 518.50 654.40 Td (also ) Tj ET Q q 0 0 0 rg BT 535.02 654.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 568.52 654.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 68.54 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 83.84 643.60 Td (serve ) Tj ET Q q 0 0 0 rg BT 105.13 643.60 Td (as ) Tj ET Q q 0 0 0 rg BT 114.93 643.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 148.71 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.51 643.60 Td (other ) Tj ET Q q 0 0 0 rg BT 179.31 643.60 Td (related ) Tj ET Q q 0 0 0 rg BT 206.09 643.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 248.96 643.60 Td (The ) Tj ET Q q 0 0 0 rg BT 265.25 643.60 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 324.03 643.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 357.81 643.60 Td (owe ) Tj ET Q q 0 0 0 rg BT 375.11 643.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 409.90 643.60 Td (duties ) Tj ET Q q 0 0 0 rg BT 433.69 643.60 Td (to ) Tj ET Q q 0 0 0 rg BT 443.00 643.60 Td (both ) Tj ET Q q 0 0 0 rg BT 461.30 643.60 Td (us ) Tj ET Q q 0 0 0 rg BT 471.60 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.90 643.60 Td (other ) Tj ET Q q 0 0 0 rg BT 507.69 643.60 Td (related ) Tj ET Q q 0 0 0 rg BT 534.47 643.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 563.01 643.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (may ) Tj ET Q q 0 0 0 rg BT 53.84 632.80 Td (have ) Tj ET Q q 0 0 0 rg BT 73.18 632.80 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 106.51 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.36 632.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 145.20 632.80 Td (in ) Tj ET Q q 0 0 0 rg BT 154.54 632.80 Td (matters ) Tj ET Q q 0 0 0 rg BT 183.38 632.80 Td (involving ) Tj ET Q q 0 0 0 rg BT 220.23 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 230.07 632.80 Td (af) Tj ET Q q 0 0 0 rg BT 236.90 632.80 Td (fecting ) Tj ET Q q 0 0 0 rg BT 264.23 632.80 Td (us ) Tj ET Q q 0 0 0 rg BT 274.58 632.80 Td (and ) Tj ET Q q 0 0 0 rg BT 289.92 632.80 Td (our ) Tj ET Q q 0 0 0 rg BT 304.27 632.80 Td (customers. ) Tj ET Q q 0 0 0 rg BT 345.36 632.80 Td (In ) Tj ET Q q 0 0 0 rg BT 355.20 632.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 389.29 632.80 Td (they ) Tj ET Q q 0 0 0 rg BT 407.14 632.80 Td (may ) Tj ET Q q 0 0 0 rg BT 424.98 632.80 Td (have ) Tj ET Q q 0 0 0 rg BT 444.31 632.80 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 477.65 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 487.49 632.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 516.33 632.80 Td (when ) Tj ET Q q 0 0 0 rg BT 538.17 632.80 Td (faced ) Tj ET Q q 0 0 0 rg BT 560.00 632.80 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.00 Td (decisions ) Tj ET Q q 0 0 0 rg BT 72.00 622.00 Td (that ) Tj ET Q q 0 0 0 rg BT 88.01 622.00 Td (could ) Tj ET Q q 0 0 0 rg BT 110.51 622.00 Td (have ) Tj ET Q q 0 0 0 rg BT 130.00 622.00 Td (dif) Tj ET Q q 0 0 0 rg BT 139.84 622.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 163.33 622.00 Td (implications ) Tj ET Q q 0 0 0 rg BT 210.33 622.00 Td (for ) Tj ET Q q 0 0 0 rg BT 223.33 622.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 253.83 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 263.84 622.00 Td (other ) Tj ET Q q 0 0 0 rg BT 284.84 622.00 Td (related ) Tj ET Q q 0 0 0 rg BT 311.83 622.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 338.32 622.00 Td (than ) Tj ET Q q 0 0 0 rg BT 356.33 622.00 Td (they ) Tj ET Q q 0 0 0 rg BT 374.33 622.00 Td (do ) Tj ET Q q 0 0 0 rg BT 385.84 622.00 Td (for ) Tj ET Q q 0 0 0 rg BT 398.84 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 412.34 622.00 Td (Company) Tj ET Q q 0 0 0 rg BT 446.75 622.00 Td (. ) Tj ET Q q 0 0 0 rg BT 451.51 622.00 Td (Such ) Tj ET Q q 0 0 0 rg BT 472.02 622.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 506.02 622.00 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 539.52 622.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.52 622.00 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 611.20 Td (may ) Tj ET Q q 0 0 0 rg BT 53.75 611.20 Td (not ) Tj ET Q q 0 0 0 rg BT 67.50 611.20 Td (be ) Tj ET Q q 0 0 0 rg BT 78.24 611.20 Td (resolved ) Tj ET Q q 0 0 0 rg BT 110.98 611.20 Td (in ) Tj ET Q q 0 0 0 rg BT 120.23 611.20 Td (our ) Tj ET Q q 0 0 0 rg BT 134.48 611.20 Td (favor) Tj ET Q q 0 0 0 rg BT 152.97 611.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 70.18 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 79.86 583.60 Td (our ) Tj ET Q q 0 0 0 rg BT 94.54 583.60 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 139.71 583.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 182.11 583.60 Td (or ) Tj ET Q q 0 0 0 rg BT 192.29 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.97 583.60 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 252.55 583.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 297.46 583.60 Td (with ) Tj ET Q q 0 0 0 rg BT 316.15 583.60 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 349.07 583.60 Td (we ) Tj ET Q q 0 0 0 rg BT 362.25 583.60 Td (have ) Tj ET Q q 0 0 0 rg BT 381.92 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.59 583.60 Td (right ) Tj ET Q q 0 0 0 rg BT 415.27 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.45 583.60 Td (first ) Tj ET Q q 0 0 0 rg BT 442.63 583.60 Td (refusal ) Tj ET Q q 0 0 0 rg BT 469.80 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 479.48 583.60 Td (participate ) Tj ET Q q 0 0 0 rg BT 520.14 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.82 583.60 Td (any ) Tj ET Q q 0 0 0 rg BT 545.50 583.60 Td (business ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 79.98 572.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 116.45 572.80 Td (by ) Tj ET Q q 0 0 0 rg BT 127.43 572.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 157.41 572.80 Td (for ) Tj ET Q q 0 0 0 rg BT 169.88 572.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 198.36 572.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 232.84 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 241.82 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.79 572.80 Td (North ) Tj ET Q q 0 0 0 rg BT 277.34 572.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 308.31 572.80 Td (Region ) Tj ET Q q 0 0 0 rg BT 336.29 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 351.27 572.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 381.24 572.80 Td (has ) Tj ET Q q 0 0 0 rg BT 395.22 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 401.20 572.80 Td (right ) Tj ET Q q 0 0 0 rg BT 420.18 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 429.66 572.80 Td (first ) Tj ET Q q 0 0 0 rg BT 446.13 572.80 Td (refusal ) Tj ET Q q 0 0 0 rg BT 472.60 572.80 Td (to ) Tj ET Q q 0 0 0 rg BT 481.59 572.80 Td (participate ) Tj ET Q q 0 0 0 rg BT 521.54 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 530.53 572.80 Td (any ) Tj ET Q q 0 0 0 rg BT 545.50 572.80 Td (business ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 79.24 562.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 114.97 562.00 Td (by ) Tj ET Q q 0 0 0 rg BT 125.22 562.00 Td (us ) Tj ET Q q 0 0 0 rg BT 134.46 562.00 Td (for ) Tj ET Q q 0 0 0 rg BT 146.20 562.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 173.94 562.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 207.68 562.00 Td (outside ) Tj ET Q q 0 0 0 rg BT 234.92 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.16 562.00 Td (North ) Tj ET Q q 0 0 0 rg BT 269.12 562.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 299.36 562.00 Td (Region. ) Tj ET Q q 0 0 0 rg BT 328.76 562.00 Td (The ) Tj ET Q q 0 0 0 rg BT 344.00 562.00 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 389.46 562.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 432.93 562.00 Td (however) Tj ET Q q 0 0 0 rg BT 463.56 562.00 Td (, ) Tj ET Q q 0 0 0 rg BT 467.05 562.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 498.29 562.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 537.52 562.00 Td (exceptions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (that ) Tj ET Q q 0 0 0 rg BT 51.58 551.20 Td (may ) Tj ET Q q 0 0 0 rg BT 69.16 551.20 Td (allow ) Tj ET Q q 0 0 0 rg BT 91.23 551.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 121.31 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 130.89 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 145.97 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 155.55 551.20 Td (its ) Tj ET Q q 0 0 0 rg BT 166.14 551.20 Td (af) Tj ET Q q 0 0 0 rg BT 172.96 551.20 Td (filiates ) Tj ET Q q 0 0 0 rg BT 199.54 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 208.62 551.20 Td (compete ) Tj ET Q q 0 0 0 rg BT 241.19 551.20 Td (with ) Tj ET Q q 0 0 0 rg BT 259.27 551.20 Td (us, ) Tj ET Q q 0 0 0 rg BT 271.61 551.20 Td (and ) Tj ET Q q 0 0 0 rg BT 286.69 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 295.77 551.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 322.33 551.20 Td (cases ) Tj ET Q q 0 0 0 rg BT 343.41 551.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 373.48 551.20 Td (has ) Tj ET Q q 0 0 0 rg BT 387.56 551.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 421.64 551.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 451.71 551.20 Td (Partners ) Tj ET Q q 0 0 0 rg BT 483.29 551.20 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 504.62 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 514.20 551.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 544.28 551.20 Td (Partners, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (with ) Tj ET Q q 0 0 0 rg BT 54.15 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 67.29 540.40 Td (right ) Tj ET Q q 0 0 0 rg BT 86.44 540.40 Td (to ) Tj ET Q q 0 0 0 rg BT 95.59 540.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 129.72 540.40 Td (any ) Tj ET Q q 0 0 0 rg BT 144.86 540.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 173.51 540.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 185.65 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 194.80 540.40 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 225.29 540.40 Td (s ) Tj ET Q q 0 0 0 rg BT 230.94 540.40 Td (fleet ) Tj ET Q q 0 0 0 rg BT 249.08 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 258.23 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.37 540.40 Td (event ) Tj ET Q q 0 0 0 rg BT 293.01 540.40 Td (that ) Tj ET Q q 0 0 0 rg BT 308.65 540.40 Td (any ) Tj ET Q q 0 0 0 rg BT 323.80 540.40 Td (such ) Tj ET Q q 0 0 0 rg BT 342.44 540.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 354.59 540.40 Td (enters ) Tj ET Q q 0 0 0 rg BT 378.22 540.40 Td (into ) Tj ET Q q 0 0 0 rg BT 394.37 540.40 Td (a ) Tj ET Q q 0 0 0 rg BT 400.51 540.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 431.64 540.40 Td (with ) Tj ET Q q 0 0 0 rg BT 449.79 540.40 Td (a ) Tj ET Q q 0 0 0 rg BT 455.94 540.40 Td (term ) Tj ET Q q 0 0 0 rg BT 474.58 540.40 Td (of ) Tj ET Q q 0 0 0 rg BT 484.22 540.40 Td (five ) Tj ET Q q 0 0 0 rg BT 500.36 540.40 Td (years ) Tj ET Q q 0 0 0 rg BT 521.50 540.40 Td (or ) Tj ET Q q 0 0 0 rg BT 531.14 540.40 Td (more, ) Tj ET Q q 0 0 0 rg BT 554.03 540.40 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.60 Td (could ) Tj ET Q q 0 0 0 rg BT 58.25 529.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 85.48 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.73 529.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 127.48 529.60 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 165.97 529.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 191.21 529.60 Td (see ) Tj ET Q q 0 0 0 rg BT 204.95 529.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 227.69 529.60 Td (7. ) Tj ET Q q 0 0 0 rg BT 236.69 529.60 Td (Major ) Tj ET Q q 0 0 0 rg BT 260.93 529.60 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 310.17 529.60 Td (and ) Tj ET Q q 0 0 0 rg BT 325.42 529.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 355.15 529.60 Td (Party ) Tj ET Q q 0 0 0 rg BT 376.24 529.60 Td (T) Tj ET Q q 0 0 0 rg BT 381.42 529.60 Td (ransactionsB. ) Tj ET Q q 0 0 0 rg BT 441.41 529.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 471.15 529.60 Td (Party ) Tj ET Q q 0 0 0 rg BT 492.23 529.60 Td (T) Tj ET Q q 0 0 0 rg BT 497.41 529.60 Td (ransactions. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 502.00 Td (Currently) Tj ET Q q 0 0 0 rg BT 71.67 502.00 Td (, ) Tj ET Q q 0 0 0 rg BT 76.33 502.00 Td (we ) Tj ET Q q 0 0 0 rg BT 88.73 502.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 118.63 502.00 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 161.52 502.00 Td (of) Tj ET Q q 0 0 0 rg BT 168.85 502.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 194.76 502.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 226.16 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 242.57 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 256.48 502.00 Td (United ) Tj ET Q q 0 0 0 rg BT 283.88 502.00 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 322.55 502.00 Td (which ) Tj ET Q q 0 0 0 rg BT 347.46 502.00 Td (have ) Tj ET Q q 0 0 0 rg BT 367.36 502.00 Td (fields ) Tj ET Q q 0 0 0 rg BT 389.76 502.00 Td (that ) Tj ET Q q 0 0 0 rg BT 406.67 502.00 Td (are ) Tj ET Q q 0 0 0 rg BT 421.07 502.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 463.47 502.00 Td (in ) Tj ET Q q 0 0 0 rg BT 473.38 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 487.29 502.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 520.20 502.00 Td (to ) Tj ET Q q 0 0 0 rg BT 529.61 502.00 Td (be ) Tj ET Q q 0 0 0 rg BT 540.51 502.00 Td (mature ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 491.20 Td (and ) Tj ET Q q 0 0 0 rg BT 52.26 491.20 Td (as ) Tj ET Q q 0 0 0 rg BT 62.51 491.20 Td (a ) Tj ET Q q 0 0 0 rg BT 69.26 491.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 94.76 491.20 Td (overall ) Tj ET Q q 0 0 0 rg BT 122.51 491.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 151.24 491.20 Td (may ) Tj ET Q q 0 0 0 rg BT 168.99 491.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 197.73 491.20 Td (faster ) Tj ET Q q 0 0 0 rg BT 220.97 491.20 Td (than ) Tj ET Q q 0 0 0 rg BT 240.24 491.20 Td (anticipated.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.40 Td (Currently) Tj ET Q q 0 0 0 rg BT 69.91 477.40 Td (, ) Tj ET Q q 0 0 0 rg BT 73.63 477.40 Td (we ) Tj ET Q q 0 0 0 rg BT 85.59 477.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 113.54 477.40 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 156.00 477.40 Td (of) Tj ET Q q 0 0 0 rg BT 163.33 477.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 187.29 477.40 Td (Norway ) Tj ET Q q 0 0 0 rg BT 217.75 477.40 Td (and ) Tj ET Q q 0 0 0 rg BT 232.21 477.40 Td (the ) Tj ET Q q 0 0 0 rg BT 244.68 477.40 Td (United ) Tj ET Q q 0 0 0 rg BT 270.64 477.40 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 306.11 477.40 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 346.07 477.40 Td (any ) Tj ET Q q 0 0 0 rg BT 360.53 477.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 393.49 477.40 Td (future ) Tj ET Q q 0 0 0 rg BT 416.45 477.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 455.41 477.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 487.87 477.40 Td (to ) Tj ET Q q 0 0 0 rg BT 496.34 477.40 Td (the ) Tj ET Q q 0 0 0 rg BT 508.80 477.40 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 538.27 477.40 Td (contracts\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.60 Td (Norway ) Tj ET Q q 0 0 0 rg BT 67.43 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 82.86 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.30 466.60 Td (United ) Tj ET Q q 0 0 0 rg BT 123.23 466.60 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 159.67 466.60 Td (have ) Tj ET Q q 0 0 0 rg BT 179.10 466.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 201.53 466.60 Td (that ) Tj ET Q q 0 0 0 rg BT 217.47 466.60 Td (are ) Tj ET Q q 0 0 0 rg BT 230.89 466.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 272.32 466.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.76 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.19 466.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 327.13 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 336.57 466.60 Td (be ) Tj ET Q q 0 0 0 rg BT 347.50 466.60 Td (mature ) Tj ET Q q 0 0 0 rg BT 382.92 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.35 466.60 Td (as ) Tj ET Q q 0 0 0 rg BT 408.29 466.60 Td (a ) Tj ET Q q 0 0 0 rg BT 414.72 466.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 439.40 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.84 466.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 480.27 466.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 509.70 466.60 Td (in ) Tj ET Q q 0 0 0 rg BT 519.13 466.60 Td (such ) Tj ET Q q 0 0 0 rg BT 538.07 466.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 560.50 466.60 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 64.00 455.80 Td (faster ) Tj ET Q q 0 0 0 rg BT 86.00 455.80 Td (than ) Tj ET Q q 0 0 0 rg BT 103.51 455.80 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 147.11 455.80 Td (There ) Tj ET Q q 0 0 0 rg BT 170.10 455.80 Td (are ) Tj ET Q q 0 0 0 rg BT 183.10 455.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 219.10 455.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 239.11 455.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 278.11 455.80 Td (with ) Tj ET Q q 0 0 0 rg BT 296.12 455.80 Td (retiring ) Tj ET Q q 0 0 0 rg BT 324.63 455.80 Td (old ) Tj ET Q q 0 0 0 rg BT 338.14 455.80 Td (North ) Tj ET Q q 0 0 0 rg BT 361.15 455.80 Td (Sea ) Tj ET Q q 0 0 0 rg BT 376.16 455.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 387.67 455.80 Td (and ) Tj ET Q q 0 0 0 rg BT 402.68 455.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 416.69 455.80 Td (installations, ) Tj ET Q q 0 0 0 rg BT 464.45 455.80 Td (which ) Tj ET Q q 0 0 0 rg BT 488.46 455.80 Td (may ) Tj ET Q q 0 0 0 rg BT 505.97 455.80 Td (threaten ) Tj ET Q q 0 0 0 rg BT 536.97 455.80 Td (to ) Tj ET Q q 0 0 0 rg BT 545.98 455.80 Td (slow ) Tj ET Q q 0 0 0 rg BT 565.00 455.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 445.00 Td (development ) Tj ET Q q 0 0 0 rg BT 84.79 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.60 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.90 445.00 Td (region) Tj ET Q q 0 0 0 rg BT 133.39 445.00 Td (s ) Tj ET Q q 0 0 0 rg BT 139.20 445.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 178.00 445.00 Td (resources. ) Tj ET Q q 0 0 0 rg BT 216.37 445.00 Td (W) Tj ET Q q 0 0 0 rg BT 224.14 445.00 Td (e ) Tj ET Q q 0 0 0 rg BT 230.45 445.00 Td (will ) Tj ET Q q 0 0 0 rg BT 246.75 445.00 Td (rely ) Tj ET Q q 0 0 0 rg BT 263.05 445.00 Td (on ) Tj ET Q q 0 0 0 rg BT 274.36 445.00 Td (work ) Tj ET Q q 0 0 0 rg BT 295.16 445.00 Td (for ) Tj ET Q q 0 0 0 rg BT 307.96 445.00 Td (our ) Tj ET Q q 0 0 0 rg BT 322.27 445.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 351.08 445.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 366.88 445.00 Td (being ) Tj ET Q q 0 0 0 rg BT 389.18 445.00 Td (available ) Tj ET Q q 0 0 0 rg BT 423.97 445.00 Td (in ) Tj ET Q q 0 0 0 rg BT 433.28 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.58 445.00 Td (regions ) Tj ET Q q 0 0 0 rg BT 475.38 445.00 Td (where ) Tj ET Q q 0 0 0 rg BT 499.68 445.00 Td (we ) Tj ET Q q 0 0 0 rg BT 512.48 445.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 547.27 445.00 Td (operate, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.20 Td (or ) Tj ET Q q 0 0 0 rg BT 45.75 434.20 Td (alternatively) Tj ET Q q 0 0 0 rg BT 90.14 434.20 Td (, ) Tj ET Q q 0 0 0 rg BT 94.64 434.20 Td (expand ) Tj ET Q q 0 0 0 rg BT 122.88 434.20 Td (our ) Tj ET Q q 0 0 0 rg BT 137.13 434.20 Td (area ) Tj ET Q q 0 0 0 rg BT 154.36 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 164.10 434.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 206.09 434.20 Td (to ) Tj ET Q q 0 0 0 rg BT 215.35 434.20 Td (be ) Tj ET Q q 0 0 0 rg BT 226.09 434.20 Td (able ) Tj ET Q q 0 0 0 rg BT 243.33 434.20 Td (to ) Tj ET Q q 0 0 0 rg BT 252.58 434.20 Td (secure ) Tj ET Q q 0 0 0 rg BT 277.81 434.20 Td (new ) Tj ET Q q 0 0 0 rg BT 295.06 434.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 329.79 434.20 Td (for ) Tj ET Q q 0 0 0 rg BT 342.54 434.20 Td (our ) Tj ET Q q 0 0 0 rg BT 356.78 434.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 385.53 434.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 401.28 434.20 Td (when ) Tj ET Q q 0 0 0 rg BT 423.03 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 436.27 434.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 467.02 434.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 495.77 434.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 530.50 434.20 Td (expire.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 406.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 406.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.58 406.60 Td (may ) Tj ET Q q 0 0 0 rg BT 67.32 406.60 Td (be ) Tj ET Q q 0 0 0 rg BT 78.07 406.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 106.32 406.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.57 406.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 153.58 406.60 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 195.84 406.60 Td (and ) Tj ET Q q 0 0 0 rg BT 212.09 406.60 Td (other ) Tj ET Q q 0 0 0 rg BT 233.85 406.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 280.59 406.60 Td (that ) Tj ET Q q 0 0 0 rg BT 297.35 406.60 Td (could ) Tj ET Q q 0 0 0 rg BT 320.10 406.60 Td (have ) Tj ET Q q 0 0 0 rg BT 339.84 406.60 Td (an ) Tj ET Q q 0 0 0 rg BT 351.60 406.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 381.84 406.60 Td (ef) Tj ET Q q 0 0 0 rg BT 388.67 406.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 404.40 406.60 Td (on ) Tj ET Q q 0 0 0 rg BT 416.16 406.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.42 406.60 Td (business ) Tj ET Q q 0 0 0 rg BT 465.18 406.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.43 406.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.19 406.60 Td (condition.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 392.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 392.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.08 392.80 Td (are ) Tj ET Q q 0 0 0 rg BT 63.38 392.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 98.18 392.80 Td (involved ) Tj ET Q q 0 0 0 rg BT 131.98 392.80 Td (in ) Tj ET Q q 0 0 0 rg BT 141.30 392.80 Td (various ) Tj ET Q q 0 0 0 rg BT 170.10 392.80 Td (litigation ) Tj ET Q q 0 0 0 rg BT 204.92 392.80 Td (matters ) Tj ET Q q 0 0 0 rg BT 233.72 392.80 Td (and ) Tj ET Q q 0 0 0 rg BT 249.02 392.80 Td ( ) Tj ET Q q 0 0 0 rg BT 251.34 392.80 Td (we ) Tj ET Q q 0 0 0 rg BT 264.14 392.80 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 301.44 392.80 Td (that ) Tj ET Q q 0 0 0 rg BT 317.25 392.80 Td (we ) Tj ET Q q 0 0 0 rg BT 330.05 392.80 Td (will ) Tj ET Q q 0 0 0 rg BT 346.37 392.80 Td (be ) Tj ET Q q 0 0 0 rg BT 357.17 392.80 Td (involved ) Tj ET Q q 0 0 0 rg BT 390.98 392.80 Td (in ) Tj ET Q q 0 0 0 rg BT 400.29 392.80 Td (litigation ) Tj ET Q q 0 0 0 rg BT 435.10 392.80 Td (matters ) Tj ET Q q 0 0 0 rg BT 463.91 392.80 Td (from ) Tj ET Q q 0 0 0 rg BT 483.71 392.80 Td (time ) Tj ET Q q 0 0 0 rg BT 502.02 392.80 Td (to ) Tj ET Q q 0 0 0 rg BT 511.33 392.80 Td (time ) Tj ET Q q 0 0 0 rg BT 529.64 392.80 Td (in ) Tj ET Q q 0 0 0 rg BT 538.96 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 552.26 392.80 Td (future. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 382.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.66 382.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.32 382.00 Td (hazards ) Tj ET Q q 0 0 0 rg BT 119.47 382.00 Td (inherent ) Tj ET Q q 0 0 0 rg BT 151.62 382.00 Td (in ) Tj ET Q q 0 0 0 rg BT 161.29 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.96 382.00 Td (of) Tj ET Q q 0 0 0 rg BT 182.29 382.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 207.45 382.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 236.62 382.00 Td (business ) Tj ET Q q 0 0 0 rg BT 269.79 382.00 Td (expose ) Tj ET Q q 0 0 0 rg BT 297.45 382.00 Td (us ) Tj ET Q q 0 0 0 rg BT 308.12 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 317.79 382.00 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 355.21 382.00 Td (including ) Tj ET Q q 0 0 0 rg BT 391.87 382.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 425.03 382.00 Td (injury ) Tj ET Q q 0 0 0 rg BT 449.19 382.00 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 486.61 382.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 541.26 382.00 Td (litigation, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 371.20 Td (contractual ) Tj ET Q q 0 0 0 rg BT 78.39 371.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 113.30 371.20 Td (with ) Tj ET Q q 0 0 0 rg BT 131.71 371.20 Td (customers, ) Tj ET Q q 0 0 0 rg BT 172.86 371.20 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 215.25 371.20 Td (property ) Tj ET Q q 0 0 0 rg BT 248.15 371.20 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 285.31 371.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.72 371.20 Td (or ) Tj ET Q q 0 0 0 rg BT 308.62 371.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 345.02 371.20 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 382.18 371.20 Td (and ) Tj ET Q q 0 0 0 rg BT 397.58 371.20 Td (maritime ) Tj ET Q q 0 0 0 rg BT 432.48 371.20 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 464.40 371.20 Td (including ) Tj ET Q q 0 0 0 rg BT 500.80 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 514.21 371.20 Td (possible ) Tj ET Q q 0 0 0 rg BT 546.12 371.20 Td (arrest ) Tj ET Q q 0 0 0 rg BT 568.52 371.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 360.40 Td (our ) Tj ET Q q 0 0 0 rg BT 49.88 360.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 78.26 360.40 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 95.76 360.40 Td (W) Tj ET Q q 0 0 0 rg BT 103.53 360.40 Td (e ) Tj ET Q q 0 0 0 rg BT 109.41 360.40 Td (cannot ) Tj ET Q q 0 0 0 rg BT 135.28 360.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 162.16 360.40 Td (with ) Tj ET Q q 0 0 0 rg BT 180.04 360.40 Td (certainty ) Tj ET Q q 0 0 0 rg BT 213.40 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 226.28 360.40 Td (outcome ) Tj ET Q q 0 0 0 rg BT 259.16 360.40 Td (or ) Tj ET Q q 0 0 0 rg BT 268.54 360.40 Td (ef) Tj ET Q q 0 0 0 rg BT 275.37 360.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 290.74 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 300.12 360.40 Td (any ) Tj ET Q q 0 0 0 rg BT 314.99 360.40 Td (claim ) Tj ET Q q 0 0 0 rg BT 336.87 360.40 Td (or ) Tj ET Q q 0 0 0 rg BT 346.25 360.40 Td (other ) Tj ET Q q 0 0 0 rg BT 366.62 360.40 Td (litigation ) Tj ET Q q 0 0 0 rg BT 401.01 360.40 Td (matter) Tj ET Q q 0 0 0 rg BT 423.50 360.40 Td (. ) Tj ET Q q 0 0 0 rg BT 427.63 360.40 Td (If ) Tj ET Q q 0 0 0 rg BT 435.51 360.40 Td (we ) Tj ET Q q 0 0 0 rg BT 447.88 360.40 Td (are ) Tj ET Q q 0 0 0 rg BT 460.75 360.40 Td (involved ) Tj ET Q q 0 0 0 rg BT 494.13 360.40 Td (in ) Tj ET Q q 0 0 0 rg BT 503.02 360.40 Td (any ) Tj ET Q q 0 0 0 rg BT 517.90 360.40 Td (future ) Tj ET Q q 0 0 0 rg BT 541.27 360.40 Td (litigation, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 349.60 Td (or ) Tj ET Q q 0 0 0 rg BT 45.85 349.60 Td (if ) Tj ET Q q 0 0 0 rg BT 53.71 349.60 Td (our ) Tj ET Q q 0 0 0 rg BT 68.07 349.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 102.93 349.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 145.27 349.60 Td (current ) Tj ET Q q 0 0 0 rg BT 173.11 349.60 Td (disputes ) Tj ET Q q 0 0 0 rg BT 204.97 349.60 Td (are ) Tj ET Q q 0 0 0 rg BT 218.31 349.60 Td (found ) Tj ET Q q 0 0 0 rg BT 241.67 349.60 Td (to ) Tj ET Q q 0 0 0 rg BT 251.03 349.60 Td (be ) Tj ET Q q 0 0 0 rg BT 261.88 349.60 Td (incorrect, ) Tj ET Q q 0 0 0 rg BT 298.47 349.60 Td (this ) Tj ET Q q 0 0 0 rg BT 313.83 349.60 Td (may ) Tj ET Q q 0 0 0 rg BT 331.68 349.60 Td (have ) Tj ET Q q 0 0 0 rg BT 351.03 349.60 Td (an ) Tj ET Q q 0 0 0 rg BT 361.88 349.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 391.72 349.60 Td (ef) Tj ET Q q 0 0 0 rg BT 398.55 349.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 414.40 349.60 Td (on ) Tj ET Q q 0 0 0 rg BT 425.75 349.60 Td (our ) Tj ET Q q 0 0 0 rg BT 440.11 349.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 475.22 349.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.06 349.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 542.67 349.60 Td (results ) Tj ET Q q 0 0 0 rg BT 568.53 349.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 338.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.99 338.80 Td (and ) Tj ET Q q 0 0 0 rg BT 91.48 338.80 Td (available ) Tj ET Q q 0 0 0 rg BT 126.45 338.80 Td (cash, ) Tj ET Q q 0 0 0 rg BT 147.19 338.80 Td (because ) Tj ET Q q 0 0 0 rg BT 178.17 338.80 Td (of ) Tj ET Q q 0 0 0 rg BT 188.16 338.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 222.15 338.80 Td (negative ) Tj ET Q q 0 0 0 rg BT 255.13 338.80 Td (outcomes, ) Tj ET Q q 0 0 0 rg BT 294.37 338.80 Td (the ) Tj ET Q q 0 0 0 rg BT 307.86 338.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 328.35 338.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 367.84 338.80 Td (with ) Tj ET Q q 0 0 0 rg BT 386.33 338.80 Td (asserting ) Tj ET Q q 0 0 0 rg BT 420.82 338.80 Td (our ) Tj ET Q q 0 0 0 rg BT 435.31 338.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 461.30 338.80 Td (or ) Tj ET Q q 0 0 0 rg BT 471.30 338.80 Td (defending ) Tj ET Q q 0 0 0 rg BT 509.78 338.80 Td (such ) Tj ET Q q 0 0 0 rg BT 528.77 338.80 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 563.02 338.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 328.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.72 328.00 Td (diversion ) Tj ET Q q 0 0 0 rg BT 85.94 328.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.16 328.00 Td (management) Tj ET Q q 0 0 0 rg BT 144.64 328.00 Td (s ) Tj ET Q q 0 0 0 rg BT 150.87 328.00 Td (attention ) Tj ET Q q 0 0 0 rg BT 185.09 328.00 Td (to ) Tj ET Q q 0 0 0 rg BT 194.82 328.00 Td (these ) Tj ET Q q 0 0 0 rg BT 216.03 328.00 Td (matters. ) Tj ET Q q 0 0 0 rg BT 247.50 328.00 Td (For ) Tj ET Q q 0 0 0 rg BT 262.73 328.00 Td (example, ) Tj ET Q q 0 0 0 rg BT 298.19 328.00 Td (we ) Tj ET Q q 0 0 0 rg BT 311.41 328.00 Td (are ) Tj ET Q q 0 0 0 rg BT 325.12 328.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 360.33 328.00 Td (a ) Tj ET Q q 0 0 0 rg BT 367.05 328.00 Td (defendant ) Tj ET Q q 0 0 0 rg BT 405.26 328.00 Td (in ) Tj ET Q q 0 0 0 rg BT 414.98 328.00 Td (a ) Tj ET Q q 0 0 0 rg BT 421.70 328.00 Td (class ) Tj ET Q q 0 0 0 rg BT 441.92 328.00 Td (action ) Tj ET Q q 0 0 0 rg BT 466.64 328.00 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 495.36 328.00 Td (alleging ) Tj ET Q q 0 0 0 rg BT 527.08 328.00 Td (that ) Tj ET Q q 0 0 0 rg BT 543.30 328.00 Td (we ) Tj ET Q q 0 0 0 rg BT 556.52 328.00 Td (made ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 317.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 63.14 317.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 102.28 317.20 Td (false ) Tj ET Q q 0 0 0 rg BT 121.93 317.20 Td (and ) Tj ET Q q 0 0 0 rg BT 137.58 317.20 Td (misleading ) Tj ET Q q 0 0 0 rg BT 179.73 317.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 220.38 317.20 Td (in ) Tj ET Q q 0 0 0 rg BT 230.04 317.20 Td (our ) Tj ET Q q 0 0 0 rg BT 244.69 317.20 Td (public ) Tj ET Q q 0 0 0 rg BT 269.85 317.20 Td (disclosure, ) Tj ET Q q 0 0 0 rg BT 311.25 317.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 350.15 317.20 Td (among ) Tj ET Q q 0 0 0 rg BT 377.30 317.20 Td (other ) Tj ET Q q 0 0 0 rg BT 398.45 317.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 425.36 317.20 Td (that ) Tj ET Q q 0 0 0 rg BT 441.52 317.20 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 474.42 317.20 Td (the ) Tj ET Q q 0 0 0 rg BT 488.07 317.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.73 317.20 Td (and ) Tj ET Q q 0 0 0 rg BT 541.38 317.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 568.52 317.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 306.40 Td (their ) Tj ET Q q 0 0 0 rg BT 54.30 306.40 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.58 306.40 Td (executives ) Tj ET Q q 0 0 0 rg BT 132.37 306.40 Td (made ) Tj ET Q q 0 0 0 rg BT 153.67 306.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 191.96 306.40 Td (false ) Tj ET Q q 0 0 0 rg BT 210.75 306.40 Td (and ) Tj ET Q q 0 0 0 rg BT 225.55 306.40 Td (misleading ) Tj ET Q q 0 0 0 rg BT 266.85 306.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 306.65 306.40 Td (in ) Tj ET Q q 0 0 0 rg BT 315.46 306.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 356.75 306.40 Td (with ) Tj ET Q q 0 0 0 rg BT 374.55 306.40 Td (the ) Tj ET Q q 0 0 0 rg BT 387.36 306.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 420.15 306.40 Td (of ) Tj ET Q q 0 0 0 rg BT 429.46 306.40 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 468.51 306.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.31 306.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 506.60 306.40 Td (to ) Tj ET Q q 0 0 0 rg BT 515.41 306.40 Td (disclose ) Tj ET Q q 0 0 0 rg BT 546.21 306.40 Td (the ) Tj ET Q q 0 0 0 rg BT 559.01 306.40 Td (risks ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 295.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.56 295.60 Td (the ) Tj ET Q q 0 0 0 rg BT 59.12 295.60 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 89.67 295.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 131.72 295.60 Td (as ) Tj ET Q q 0 0 0 rg BT 141.78 295.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.33 295.60 Td (result ) Tj ET Q q 0 0 0 rg BT 170.89 295.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.94 295.60 Td (various ) Tj ET Q q 0 0 0 rg BT 210.00 295.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 240.04 295.60 Td (government ) Tj ET Q q 0 0 0 rg BT 285.58 295.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 321.64 295.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.19 295.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.75 295.60 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 386.31 295.60 Td (in ) Tj ET Q q 0 0 0 rg BT 395.87 295.60 Td (backlog ) Tj ET Q q 0 0 0 rg BT 426.92 295.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.97 295.60 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 455.28 295.60 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.79 295.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.35 295.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 524.89 295.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.45 295.60 Td (the ) Tj ET Q q 0 0 0 rg BT 548.01 295.60 Td (Rosneft ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 284.80 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 78.99 284.80 Td (Although ) Tj ET Q q 0 0 0 rg BT 114.61 284.80 Td (we ) Tj ET Q q 0 0 0 rg BT 126.72 284.80 Td (are ) Tj ET Q q 0 0 0 rg BT 139.32 284.80 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 179.44 284.80 Td (defending ) Tj ET Q q 0 0 0 rg BT 217.04 284.80 Td (this ) Tj ET Q q 0 0 0 rg BT 231.66 284.80 Td (action, ) Tj ET Q q 0 0 0 rg BT 257.51 284.80 Td (we ) Tj ET Q q 0 0 0 rg BT 269.62 284.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 295.23 284.80 Td (predict ) Tj ET Q q 0 0 0 rg BT 321.83 284.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.44 284.80 Td (outcome ) Tj ET Q q 0 0 0 rg BT 367.04 284.80 Td (of ) Tj ET Q q 0 0 0 rg BT 376.16 284.80 Td (this ) Tj ET Q q 0 0 0 rg BT 390.78 284.80 Td (case, ) Tj ET Q q 0 0 0 rg BT 410.13 284.80 Td (nor ) Tj ET Q q 0 0 0 rg BT 423.74 284.80 Td (can ) Tj ET Q q 0 0 0 rg BT 437.84 284.80 Td (we ) Tj ET Q q 0 0 0 rg BT 449.95 284.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 481.56 284.80 Td (the ) Tj ET Q q 0 0 0 rg BT 494.17 284.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.78 284.80 Td (of ) Tj ET Q q 0 0 0 rg BT 531.89 284.80 Td (any ) Tj ET Q q 0 0 0 rg BT 546.50 284.80 Td (possible ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 274.00 Td (loss. ) Tj ET Q q 0 0 0 rg BT 54.16 274.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.56 274.00 Td (, ) Tj ET Q q 0 0 0 rg BT 103.25 274.00 Td (no ) Tj ET Q q 0 0 0 rg BT 114.69 274.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 131.13 274.00 Td (contingency ) Tj ET Q q 0 0 0 rg BT 177.56 274.00 Td (has ) Tj ET Q q 0 0 0 rg BT 192.00 274.00 Td (been ) Tj ET Q q 0 0 0 rg BT 211.43 274.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 253.34 274.00 Td (in ) Tj ET Q q 0 0 0 rg BT 262.78 274.00 Td (our ) Tj ET Q q 0 0 0 rg BT 277.22 274.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 327.15 274.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 363.09 274.00 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 407.27 274.00 Td (For ) Tj ET Q q 0 0 0 rg BT 422.21 274.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 460.64 274.00 Td (information ) Tj ET Q q 0 0 0 rg BT 505.57 274.00 Td (on ) Tj ET Q q 0 0 0 rg BT 517.01 274.00 Td (these, ) Tj ET Q q 0 0 0 rg BT 540.20 274.00 Td (and ) Tj ET Q q 0 0 0 rg BT 555.63 274.00 Td (other) Tj ET Q q 0 0 0 rg BT 573.76 274.00 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 263.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 69.88 263.20 Td (matters ) Tj ET Q q 0 0 0 rg BT 97.74 263.20 Td (that ) Tj ET Q q 0 0 0 rg BT 112.62 263.20 Td (we ) Tj ET Q q 0 0 0 rg BT 124.49 263.20 Td (are ) Tj ET Q q 0 0 0 rg BT 136.85 263.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 170.72 263.20 Td (involved ) Tj ET Q q 0 0 0 rg BT 203.59 263.20 Td (in, ) Tj ET Q q 0 0 0 rg BT 214.22 263.20 Td (please ) Tj ET Q q 0 0 0 rg BT 238.08 263.20 Td (see ) Tj ET Q q 0 0 0 rg BT 250.95 263.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 272.82 263.20 Td (8. ) Tj ET Q q 0 0 0 rg BT 280.95 263.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 329.82 263.20 Td (Statements ) Tj ET Q q 0 0 0 rg BT 370.69 263.20 Td (and ) Tj ET Q q 0 0 0 rg BT 385.06 263.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 406.93 263.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 441.80 263.20 Td (InformationA. ) Tj ET Q q 0 0 0 rg BT 503.92 263.20 Td (Legal ) Tj ET Q q 0 0 0 rg BT 525.78 263.20 Td (Proceedings.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 235.60 Td (Risks ) Tj ET Q q 0 0 0 rg BT 59.26 235.60 Td (Relating ) Tj ET Q q 0 0 0 rg BT 94.01 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.75 235.60 Td (Our) Tj ET Q q 0 0 0 rg BT 119.59 235.60 Td ( ) Tj ET Q q 0 0 0 rg BT 121.84 235.60 Td (Industry) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 208.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.19 208.00 Td (business ) Tj ET Q q 0 0 0 rg BT 86.89 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 103.08 208.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 144.26 208.00 Td (involve ) Tj ET Q q 0 0 0 rg BT 172.94 208.00 Td (numerous ) Tj ET Q q 0 0 0 rg BT 212.64 208.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 250.32 208.00 Td (hazards, ) Tj ET Q q 0 0 0 rg BT 283.77 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 299.96 208.00 Td (our ) Tj ET Q q 0 0 0 rg BT 315.15 208.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 354.34 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 370.53 208.00 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 415.72 208.00 Td (from ) Tj ET Q q 0 0 0 rg BT 435.90 208.00 Td (our ) Tj ET Q q 0 0 0 rg BT 451.09 208.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 490.78 208.00 Td (may ) Tj ET Q q 0 0 0 rg BT 508.46 208.00 Td (not ) Tj ET Q q 0 0 0 rg BT 522.65 208.00 Td (be ) Tj ET Q q 0 0 0 rg BT 533.32 208.00 Td (adequate ) Tj ET Q q 0 0 0 rg BT 569.00 208.00 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 197.20 Td (cover ) Tj ET Q q 0 0 0 rg BT 58.24 197.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 92.99 197.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 116.74 197.20 Td (from ) Tj ET Q q 0 0 0 rg BT 136.99 197.20 Td (our ) Tj ET Q q 0 0 0 rg BT 152.25 197.20 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 183.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.79 183.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.07 183.40 Td (are ) Tj ET Q q 0 0 0 rg BT 106.84 183.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 135.12 183.40 Td (to ) Tj ET Q q 0 0 0 rg BT 144.91 183.40 Td (hazards ) Tj ET Q q 0 0 0 rg BT 175.19 183.40 Td (inherent ) Tj ET Q q 0 0 0 rg BT 207.46 183.40 Td (in ) Tj ET Q q 0 0 0 rg BT 217.25 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 231.04 183.40 Td (of) Tj ET Q q 0 0 0 rg BT 238.37 183.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 263.65 183.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 292.94 183.40 Td (industry) Tj ET Q q 0 0 0 rg BT 321.86 183.40 Td (, ) Tj ET Q q 0 0 0 rg BT 326.90 183.40 Td (such ) Tj ET Q q 0 0 0 rg BT 346.18 183.40 Td (as ) Tj ET Q q 0 0 0 rg BT 356.47 183.40 Td (blowouts, ) Tj ET Q q 0 0 0 rg BT 394.51 183.40 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 429.29 183.40 Td (damage, ) Tj ET Q q 0 0 0 rg BT 462.31 183.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 479.10 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 489.39 183.40 Td (production, ) Tj ET Q q 0 0 0 rg BT 533.42 183.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 550.22 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 560.51 183.40 Td (well ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 172.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 66.26 172.60 Td (lost ) Tj ET Q q 0 0 0 rg BT 81.78 172.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.80 172.60 Td (stuck ) Tj ET Q q 0 0 0 rg BT 113.32 172.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 130.83 172.60 Td (strings, ) Tj ET Q q 0 0 0 rg BT 159.61 172.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 200.12 172.60 Td (defects, ) Tj ET Q q 0 0 0 rg BT 230.37 172.60 Td (punch-throughs, ) Tj ET Q q 0 0 0 rg BT 291.63 172.60 Td (craterings, ) Tj ET Q q 0 0 0 rg BT 331.88 172.60 Td (fires, ) Tj ET Q q 0 0 0 rg BT 352.64 172.60 Td (explosions ) Tj ET Q q 0 0 0 rg BT 393.66 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.17 172.60 Td (pollution. ) Tj ET Q q 0 0 0 rg BT 446.45 172.60 Td (Contract ) Tj ET Q q 0 0 0 rg BT 479.95 172.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 508.97 172.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 540.48 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 553.99 172.60 Td (use ) Tj ET Q q 0 0 0 rg BT 568.51 172.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 161.80 Td (heavy ) Tj ET Q q 0 0 0 rg BT 60.42 161.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 101.34 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 117.27 161.80 Td (exposure ) Tj ET Q q 0 0 0 rg BT 152.68 161.80 Td (to ) Tj ET Q q 0 0 0 rg BT 162.61 161.80 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 202.03 161.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 244.71 161.80 Td (which ) Tj ET Q q 0 0 0 rg BT 269.63 161.80 Td (may ) Tj ET Q q 0 0 0 rg BT 288.06 161.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 316.48 161.80 Td (us ) Tj ET Q q 0 0 0 rg BT 327.41 161.80 Td (to ) Tj ET Q q 0 0 0 rg BT 337.34 161.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 368.27 161.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 394.69 161.80 Td (by ) Tj ET Q q 0 0 0 rg BT 406.62 161.80 Td (employees, ) Tj ET Q q 0 0 0 rg BT 450.29 161.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 489.71 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 505.64 161.80 Td (third ) Tj ET Q q 0 0 0 rg BT 525.57 161.80 Td (parties. ) Tj ET Q q 0 0 0 rg BT 554.53 161.80 Td (These ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.00 Td (hazards ) Tj ET Q q 0 0 0 rg BT 65.41 151.00 Td (can ) Tj ET Q q 0 0 0 rg BT 79.83 151.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 101.75 151.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 134.17 151.00 Td (injury ) Tj ET Q q 0 0 0 rg BT 157.59 151.00 Td (or ) Tj ET Q q 0 0 0 rg BT 167.02 151.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 182.95 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 192.38 151.00 Td (life, ) Tj ET Q q 0 0 0 rg BT 208.55 151.00 Td (severe ) Tj ET Q q 0 0 0 rg BT 233.46 151.00 Td (damage ) Tj ET Q q 0 0 0 rg BT 263.38 151.00 Td (to ) Tj ET Q q 0 0 0 rg BT 272.31 151.00 Td (or ) Tj ET Q q 0 0 0 rg BT 281.73 151.00 Td (destruction ) Tj ET Q q 0 0 0 rg BT 323.65 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.08 151.00 Td (property ) Tj ET Q q 0 0 0 rg BT 365.50 151.00 Td (and ) Tj ET Q q 0 0 0 rg BT 380.42 151.00 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 422.59 151.00 Td (pollution ) Tj ET Q q 0 0 0 rg BT 457.02 151.00 Td (or ) Tj ET Q q 0 0 0 rg BT 466.45 151.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 520.36 151.00 Td (damage, ) Tj ET Q q 0 0 0 rg BT 552.52 151.00 Td (claims ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.20 Td (by ) Tj ET Q q 0 0 0 rg BT 47.27 140.20 Td (third ) Tj ET Q q 0 0 0 rg BT 66.55 140.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 92.81 140.20 Td (or ) Tj ET Q q 0 0 0 rg BT 102.58 140.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 141.35 140.20 Td (and ) Tj ET Q q 0 0 0 rg BT 156.62 140.20 Td (suspension ) Tj ET Q q 0 0 0 rg BT 198.40 140.20 Td (of ) Tj ET Q q 0 0 0 rg BT 208.17 140.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 250.18 140.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 266.45 140.20 Td (of) Tj ET Q q 0 0 0 rg BT 273.79 140.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 298.55 140.20 Td (fleet ) Tj ET Q q 0 0 0 rg BT 316.81 140.20 Td (is ) Tj ET Q q 0 0 0 rg BT 325.09 140.20 Td (also ) Tj ET Q q 0 0 0 rg BT 341.86 140.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 369.63 140.20 Td (to ) Tj ET Q q 0 0 0 rg BT 378.90 140.20 Td (hazards ) Tj ET Q q 0 0 0 rg BT 408.66 140.20 Td (inherent ) Tj ET Q q 0 0 0 rg BT 440.42 140.20 Td (in ) Tj ET Q q 0 0 0 rg BT 449.70 140.20 Td (marine ) Tj ET Q q 0 0 0 rg BT 476.96 140.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 518.98 140.20 Td (either ) Tj ET Q q 0 0 0 rg BT 541.74 140.20 Td (while ) Tj ET Q q 0 0 0 rg BT 564.01 140.20 Td (on-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 129.40 Td (site ) Tj ET Q q 0 0 0 rg BT 50.23 129.40 Td (or ) Tj ET Q q 0 0 0 rg BT 59.47 129.40 Td (during ) Tj ET Q q 0 0 0 rg BT 84.70 129.40 Td (mobilization, ) Tj ET Q q 0 0 0 rg BT 134.18 129.40 Td (such ) Tj ET Q q 0 0 0 rg BT 152.41 129.40 Td (as ) Tj ET Q q 0 0 0 rg BT 161.64 129.40 Td (capsizing, ) Tj ET Q q 0 0 0 rg BT 199.62 129.40 Td (sinking, ) Tj ET Q q 0 0 0 rg BT 230.11 129.40 Td (grounding, ) Tj ET Q q 0 0 0 rg BT 271.09 129.40 Td (collision, ) Tj ET Q q 0 0 0 rg BT 306.07 129.40 Td (piracy) Tj ET Q q 0 0 0 rg BT 327.98 129.40 Td (, ) Tj ET Q q 0 0 0 rg BT 331.96 129.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 361.68 129.40 Td (from ) Tj ET Q q 0 0 0 rg BT 380.91 129.40 Td (severe ) Tj ET Q q 0 0 0 rg BT 405.63 129.40 Td (weather ) Tj ET Q q 0 0 0 rg BT 435.85 129.40 Td (and ) Tj ET Q q 0 0 0 rg BT 450.58 129.40 Td (marine ) Tj ET Q q 0 0 0 rg BT 477.30 129.40 Td (life ) Tj ET Q q 0 0 0 rg BT 491.03 129.40 Td (infestations. ) Tj ET Q q 0 0 0 rg BT 536.51 129.40 Td (Operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 118.60 Td (may ) Tj ET Q q 0 0 0 rg BT 53.25 118.60 Td (also ) Tj ET Q q 0 0 0 rg BT 69.51 118.60 Td (be ) Tj ET Q q 0 0 0 rg BT 79.76 118.60 Td (suspended ) Tj ET Q q 0 0 0 rg BT 119.01 118.60 Td (because ) Tj ET Q q 0 0 0 rg BT 149.25 118.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.51 118.60 Td (machinery ) Tj ET Q q 0 0 0 rg BT 198.25 118.60 Td (breakdowns, ) Tj ET Q q 0 0 0 rg BT 245.74 118.60 Td (abnormal ) Tj ET Q q 0 0 0 rg BT 281.49 118.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 309.74 118.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 351.25 118.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 376.49 118.60 Td (of ) Tj ET Q q 0 0 0 rg BT 385.75 118.60 Td (subcontractors ) Tj ET Q q 0 0 0 rg BT 439.99 118.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.75 118.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 479.49 118.60 Td (or ) Tj ET Q q 0 0 0 rg BT 488.75 118.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 514.51 118.60 Td (goods ) Tj ET Q q 0 0 0 rg BT 537.77 118.60 Td (or ) Tj ET Q q 0 0 0 rg BT 547.02 118.60 Td (services ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 107.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.62 107.80 Td (personnel ) Tj ET Q q 0 0 0 rg BT 82.73 107.80 Td (shortages. ) Tj ET Q q 0 0 0 rg BT 120.94 107.80 Td (W) Tj ET Q q 0 0 0 rg BT 128.71 107.80 Td (e ) Tj ET Q q 0 0 0 rg BT 134.83 107.80 Td (customarily ) Tj ET Q q 0 0 0 rg BT 179.44 107.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 204.06 107.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 235.16 107.80 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 279.28 107.80 Td (from ) Tj ET Q q 0 0 0 rg BT 298.89 107.80 Td (our ) Tj ET Q q 0 0 0 rg BT 313.01 107.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 351.63 107.80 Td (for ) Tj ET Q q 0 0 0 rg BT 364.24 107.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 389.86 107.80 Td (that ) Tj ET Q q 0 0 0 rg BT 405.47 107.80 Td (could ) Tj ET Q q 0 0 0 rg BT 427.59 107.80 Td (be ) Tj ET Q q 0 0 0 rg BT 438.21 107.80 Td (asserted ) Tj ET Q q 0 0 0 rg BT 469.32 107.80 Td (by ) Tj ET Q q 0 0 0 rg BT 480.44 107.80 Td (us ) Tj ET Q q 0 0 0 rg BT 490.56 107.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 520.17 107.80 Td (to ) Tj ET Q q 0 0 0 rg BT 529.29 107.80 Td (damage ) Tj ET Q q 0 0 0 rg BT 559.40 107.80 Td (to ) Tj ET Q q 0 0 0 rg BT 568.52 107.80 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 97.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 52.26 97.00 Td (of ) Tj ET Q q 0 0 0 rg BT 62.00 97.00 Td (our ) Tj ET Q q 0 0 0 rg BT 76.25 97.00 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 118.74 97.00 Td (including ) Tj ET Q q 0 0 0 rg BT 154.99 97.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 172.99 97.00 Td (and ) Tj ET Q q 0 0 0 rg BT 188.23 97.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 213.97 97.00 Td (that ) Tj ET Q q 0 0 0 rg BT 229.72 97.00 Td (could ) Tj ET Q q 0 0 0 rg BT 251.96 97.00 Td (be ) Tj ET Q q 0 0 0 rg BT 262.71 97.00 Td (asserted ) Tj ET Q q 0 0 0 rg BT 293.95 97.00 Td (by ) Tj ET Q q 0 0 0 rg BT 305.20 97.00 Td (us ) Tj ET Q q 0 0 0 rg BT 315.45 97.00 Td (or ) Tj ET Q q 0 0 0 rg BT 325.20 97.00 Td (our ) Tj ET Q q 0 0 0 rg BT 339.44 97.00 Td (employees ) Tj ET Q q 0 0 0 rg BT 380.18 97.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 409.92 97.00 Td (to ) Tj ET Q q 0 0 0 rg BT 419.17 97.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 451.91 97.00 Td (injury ) Tj ET Q q 0 0 0 rg BT 475.66 97.00 Td (or ) Tj ET Q q 0 0 0 rg BT 485.40 97.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 501.66 97.00 Td (of ) Tj ET Q q 0 0 0 rg BT 511.40 97.00 Td (life.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 69.40 Td (Damage ) Tj ET Q q 0 0 0 rg BT 67.98 69.40 Td (to ) Tj ET Q q 0 0 0 rg BT 76.98 69.40 Td (the ) Tj ET Q q 0 0 0 rg BT 89.97 69.40 Td (environment ) Tj ET Q q 0 0 0 rg BT 137.45 69.40 Td (could ) Tj ET Q q 0 0 0 rg BT 159.44 69.40 Td (also ) Tj ET Q q 0 0 0 rg BT 175.94 69.40 Td (result ) Tj ET Q q 0 0 0 rg BT 197.93 69.40 Td (from ) Tj ET Q q 0 0 0 rg BT 217.42 69.40 Td (our ) Tj ET Q q 0 0 0 rg BT 231.41 69.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 273.15 69.40 Td (particularly ) Tj ET Q q 0 0 0 rg BT 316.62 69.40 Td (through ) Tj ET Q q 0 0 0 rg BT 346.62 69.40 Td (spillage ) Tj ET Q q 0 0 0 rg BT 376.61 69.40 Td (of ) Tj ET Q q 0 0 0 rg BT 386.10 69.40 Td (hydrocarbons, ) Tj ET Q q 0 0 0 rg BT 439.33 69.40 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 457.57 69.40 Td (lubricants ) Tj ET Q q 0 0 0 rg BT 495.06 69.40 Td (or ) Tj ET Q q 0 0 0 rg BT 504.55 69.40 Td (other ) Tj ET Q q 0 0 0 rg BT 525.04 69.40 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 563.02 69.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.60 Td (substances ) Tj ET Q q 0 0 0 rg BT 76.66 58.60 Td (used ) Tj ET Q q 0 0 0 rg BT 95.32 58.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.48 58.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 133.15 58.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 175.05 58.60 Td (or ) Tj ET Q q 0 0 0 rg BT 184.71 58.60 Td (extensive ) Tj ET Q q 0 0 0 rg BT 220.86 58.60 Td (uncontrolled ) Tj ET Q q 0 0 0 rg BT 268.52 58.60 Td (fires. ) Tj ET Q q 0 0 0 rg BT 288.77 58.60 Td (W) Tj ET Q q 0 0 0 rg BT 296.54 58.60 Td (e ) Tj ET Q q 0 0 0 rg BT 302.70 58.60 Td (may ) Tj ET Q q 0 0 0 rg BT 320.36 58.60 Td (also ) Tj ET Q q 0 0 0 rg BT 337.02 58.60 Td (be ) Tj ET Q q 0 0 0 rg BT 347.68 58.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 375.34 58.60 Td (to ) Tj ET Q q 0 0 0 rg BT 384.50 58.60 Td (property ) Tj ET Q q 0 0 0 rg BT 417.16 58.60 Td (damage, ) Tj ET Q q 0 0 0 rg BT 449.56 58.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 503.70 58.60 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 542.36 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 557.52 58.60 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 61.46 47.80 Td (by ) Tj ET Q q 0 0 0 rg BT 72.42 47.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 83.88 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 98.84 47.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 112.80 47.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 155.50 47.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 171.46 47.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 207.91 47.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 237.87 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 252.83 47.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 281.29 47.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 315.74 47.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 344.19 47.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 366.65 47.80 Td (to ) Tj ET Q q 0 0 0 rg BT 375.62 47.80 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 414.08 47.80 Td (that ) Tj ET Q q 0 0 0 rg BT 429.54 47.80 Td (may ) Tj ET Q q 0 0 0 rg BT 446.99 47.80 Td (not ) Tj ET Q q 0 0 0 rg BT 460.46 47.80 Td (adequately ) Tj ET Q q 0 0 0 rg BT 501.40 47.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 523.35 47.80 Td (our ) Tj ET Q q 0 0 0 rg BT 537.31 47.80 Td (losses, ) Tj ET Q q 0 0 0 rg BT 563.03 47.80 Td (and ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (we ) Tj ET Q q 0 0 0 rg BT 48.60 749.80 Td (do ) Tj ET Q q 0 0 0 rg BT 59.71 749.80 Td (not ) Tj ET Q q 0 0 0 rg BT 73.32 749.80 Td (have ) Tj ET Q q 0 0 0 rg BT 92.42 749.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 129.01 749.80 Td (coverage ) Tj ET Q q 0 0 0 rg BT 163.60 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 173.21 749.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 195.82 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 204.93 749.80 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 243.53 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 256.14 749.80 Td (all ) Tj ET Q q 0 0 0 rg BT 267.24 749.80 Td (risks. ) Tj ET Q q 0 0 0 rg BT 288.60 749.80 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 328.72 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 346.83 749.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 379.42 749.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 411.03 749.80 Td (practice, ) Tj ET Q q 0 0 0 rg BT 443.87 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 457.98 749.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 496.58 749.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 532.17 749.80 Td (assume, ) Tj ET Q q 0 0 0 rg BT 563.02 749.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 75.50 739.00 Td (us ) Tj ET Q q 0 0 0 rg BT 86.00 739.00 Td (against, ) Tj ET Q q 0 0 0 rg BT 116.25 739.00 Td (well ) Tj ET Q q 0 0 0 rg BT 134.25 739.00 Td (control ) Tj ET Q q 0 0 0 rg BT 162.25 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 177.74 739.00 Td (subsurface ) Tj ET Q q 0 0 0 rg BT 218.73 739.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 238.24 739.00 Td (under ) Tj ET Q q 0 0 0 rg BT 261.23 739.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 290.22 739.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 327.46 739.00 Td ( ) Tj ET Q q 0 0 0 rg BT 329.78 739.00 Td (These ) Tj ET Q q 0 0 0 rg BT 353.77 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 367.26 739.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 386.77 739.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 426.26 739.00 Td (with ) Tj ET Q q 0 0 0 rg BT 444.76 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 458.26 739.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.77 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 484.77 739.00 Td (control ) Tj ET Q q 0 0 0 rg BT 512.77 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 522.77 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 529.27 739.00 Td (well, ) Tj ET Q q 0 0 0 rg BT 549.52 739.00 Td (such ) Tj ET Q q 0 0 0 rg BT 568.52 739.00 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (blowout ) Tj ET Q q 0 0 0 rg BT 67.62 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 77.23 728.20 Td (cratering, ) Tj ET Q q 0 0 0 rg BT 113.58 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 126.69 728.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 143.31 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 152.42 728.20 Td (regain ) Tj ET Q q 0 0 0 rg BT 177.03 728.20 Td (control ) Tj ET Q q 0 0 0 rg BT 204.64 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 214.25 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 223.87 728.20 Td (re-drill ) Tj ET Q q 0 0 0 rg BT 250.97 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.08 728.20 Td (well ) Tj ET Q q 0 0 0 rg BT 281.69 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 296.81 728.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 335.91 728.20 Td (pollution. ) Tj ET Q q 0 0 0 rg BT 372.78 728.20 Td (However) Tj ET Q q 0 0 0 rg BT 405.40 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 409.77 728.20 Td (there ) Tj ET Q q 0 0 0 rg BT 429.87 728.20 Td (can ) Tj ET Q q 0 0 0 rg BT 444.48 728.20 Td (be ) Tj ET Q q 0 0 0 rg BT 455.09 728.20 Td (no ) Tj ET Q q 0 0 0 rg BT 466.21 728.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 503.31 728.20 Td (that ) Tj ET Q q 0 0 0 rg BT 518.92 728.20 Td (these ) Tj ET Q q 0 0 0 rg BT 539.53 728.20 Td (customers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (will ) Tj ET Q q 0 0 0 rg BT 52.03 717.40 Td (be ) Tj ET Q q 0 0 0 rg BT 62.55 717.40 Td (willing ) Tj ET Q q 0 0 0 rg BT 90.07 717.40 Td (or ) Tj ET Q q 0 0 0 rg BT 99.60 717.40 Td (financially ) Tj ET Q q 0 0 0 rg BT 140.11 717.40 Td (able ) Tj ET Q q 0 0 0 rg BT 157.12 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 166.15 717.40 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 205.17 717.40 Td (us ) Tj ET Q q 0 0 0 rg BT 215.20 717.40 Td (against ) Tj ET Q q 0 0 0 rg BT 242.71 717.40 Td (all ) Tj ET Q q 0 0 0 rg BT 253.74 717.40 Td (these ) Tj ET Q q 0 0 0 rg BT 274.25 717.40 Td (risks. ) Tj ET Q q 0 0 0 rg BT 295.53 717.40 Td (In ) Tj ET Q q 0 0 0 rg BT 305.06 717.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 338.83 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 344.85 717.40 Td (court ) Tj ET Q q 0 0 0 rg BT 365.37 717.40 Td (may ) Tj ET Q q 0 0 0 rg BT 382.89 717.40 Td (decide ) Tj ET Q q 0 0 0 rg BT 408.40 717.40 Td (that ) Tj ET Q q 0 0 0 rg BT 423.92 717.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 450.43 717.40 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 494.45 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 503.47 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 517.50 717.40 Td (current ) Tj ET Q q 0 0 0 rg BT 545.01 717.40 Td (or ) Tj ET Q q 0 0 0 rg BT 554.53 717.40 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 70.31 706.60 Td (are ) Tj ET Q q 0 0 0 rg BT 83.13 706.60 Td (not ) Tj ET Q q 0 0 0 rg BT 96.46 706.60 Td (enforceable. ) Tj ET Q q 0 0 0 rg BT 142.50 706.60 Td (For ) Tj ET Q q 0 0 0 rg BT 156.83 706.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 191.40 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 200.22 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 206.05 706.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 225.87 706.60 Td (case ) Tj ET Q q 0 0 0 rg BT 243.19 706.60 Td (related ) Tj ET Q q 0 0 0 rg BT 269.50 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.33 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.15 706.60 Td (fire ) Tj ET Q q 0 0 0 rg BT 305.47 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.29 706.60 Td (explosion ) Tj ET Q q 0 0 0 rg BT 357.12 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 372.44 706.60 Td (took ) Tj ET Q q 0 0 0 rg BT 390.27 706.60 Td (place ) Tj ET Q q 0 0 0 rg BT 411.08 706.60 Td (on ) Tj ET Q q 0 0 0 rg BT 421.91 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.73 706.60 Td (unaf) Tj ET Q q 0 0 0 rg BT 450.56 706.60 Td (filiated ) Tj ET Q q 0 0 0 rg BT 477.88 706.60 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 518.68 706.60 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 550.00 706.60 Td (Mobile ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (Of) Tj ET Q q 0 0 0 rg BT 45.33 695.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 70.07 695.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 100.81 695.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 119.05 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 128.29 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 141.53 695.80 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 160.27 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 170.01 695.80 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 199.74 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 208.49 695.80 Td (April ) Tj ET Q q 0 0 0 rg BT 229.73 695.80 Td (2010, ) Tj ET Q q 0 0 0 rg BT 252.22 695.80 Td (or ) Tj ET Q q 0 0 0 rg BT 261.96 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.20 695.80 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 316.42 695.80 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 348.15 695.80 Td (Incident ) Tj ET Q q 0 0 0 rg BT 379.88 695.80 Td (\(to ) Tj ET Q q 0 0 0 rg BT 392.12 695.80 Td (which ) Tj ET Q q 0 0 0 rg BT 416.36 695.80 Td (we ) Tj ET Q q 0 0 0 rg BT 429.09 695.80 Td (were ) Tj ET Q q 0 0 0 rg BT 448.82 695.80 Td (not ) Tj ET Q q 0 0 0 rg BT 462.56 695.80 Td (a ) Tj ET Q q 0 0 0 rg BT 468.80 695.80 Td (party\), ) Tj ET Q q 0 0 0 rg BT 494.78 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 508.02 695.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 526.27 695.80 Td (District ) Tj ET Q q 0 0 0 rg BT 555.50 695.80 Td (Court ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (for ) Tj ET Q q 0 0 0 rg BT 48.52 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.54 685.00 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 90.56 685.00 Td (District ) Tj ET Q q 0 0 0 rg BT 119.58 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.10 685.00 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 166.62 685.00 Td (invalidated ) Tj ET Q q 0 0 0 rg BT 208.63 685.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 235.14 685.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 277.15 685.00 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 321.17 685.00 Td (for ) Tj ET Q q 0 0 0 rg BT 333.69 685.00 Td (punitive ) Tj ET Q q 0 0 0 rg BT 365.21 685.00 Td (damages ) Tj ET Q q 0 0 0 rg BT 398.72 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 413.75 685.00 Td (for ) Tj ET Q q 0 0 0 rg BT 426.27 685.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 444.29 685.00 Td (penalties ) Tj ET Q q 0 0 0 rg BT 478.30 685.00 Td (under ) Tj ET Q q 0 0 0 rg BT 500.82 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 513.84 685.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 531.88 685.00 Td (Clean ) Tj ET Q q 0 0 0 rg BT 554.75 685.00 Td (W) Tj ET Q q 0 0 0 rg BT 562.52 685.00 Td (ater ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 51.44 674.20 Td (under ) Tj ET Q q 0 0 0 rg BT 74.38 674.20 Td (a ) Tj ET Q q 0 0 0 rg BT 80.82 674.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 109.76 674.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 141.19 674.20 Td (governed ) Tj ET Q q 0 0 0 rg BT 177.12 674.20 Td (by ) Tj ET Q q 0 0 0 rg BT 188.57 674.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 207.02 674.20 Td (maritime ) Tj ET Q q 0 0 0 rg BT 241.95 674.20 Td (law ) Tj ET Q q 0 0 0 rg BT 257.39 674.20 Td (as ) Tj ET Q q 0 0 0 rg BT 267.34 674.20 Td (a ) Tj ET Q q 0 0 0 rg BT 273.78 674.20 Td (matter ) Tj ET Q q 0 0 0 rg BT 299.21 674.20 Td (of ) Tj ET Q q 0 0 0 rg BT 309.15 674.20 Td (public ) Tj ET Q q 0 0 0 rg BT 334.10 674.20 Td (policy) Tj ET Q q 0 0 0 rg BT 356.01 674.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 358.26 674.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 360.70 674.20 Td (In ) Tj ET Q q 0 0 0 rg BT 370.65 674.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 404.84 674.20 Td (pollution ) Tj ET Q q 0 0 0 rg BT 439.79 674.20 Td (and ) Tj ET Q q 0 0 0 rg BT 455.23 674.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 509.65 674.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 529.10 674.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 565.03 674.20 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 663.40 Td (not ) Tj ET Q q 0 0 0 rg BT 49.75 663.40 Td (totally ) Tj ET Q q 0 0 0 rg BT 75.00 663.40 Td (insurable. ) Tj ET Q q 0 0 0 rg BT 112.49 663.40 Td (See ) Tj ET Q q 0 0 0 rg BT 127.73 663.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 150.47 663.40 Td (4. ) Tj ET Q q 0 0 0 rg BT 159.47 663.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 204.71 663.40 Td (on ) Tj ET Q q 0 0 0 rg BT 215.96 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.20 663.40 Td (CompanyB.Business ) Tj ET Q q 0 0 0 rg BT 315.71 663.40 Td (Overview-Risk ) Tj ET Q q 0 0 0 rg BT 372.95 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 382.69 663.40 Td (Loss ) Tj ET Q q 0 0 0 rg BT 401.95 663.40 Td (and ) Tj ET Q q 0 0 0 rg BT 417.19 663.40 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 454.42 663.40 Td (Coverage.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (If ) Tj ET Q q 0 0 0 rg BT 43.99 635.80 Td (a ) Tj ET Q q 0 0 0 rg BT 49.98 635.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 89.96 635.80 Td (accident ) Tj ET Q q 0 0 0 rg BT 121.93 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 131.42 635.80 Td (other ) Tj ET Q q 0 0 0 rg BT 151.91 635.80 Td (event ) Tj ET Q q 0 0 0 rg BT 173.39 635.80 Td (occurs ) Tj ET Q q 0 0 0 rg BT 198.87 635.80 Td (that ) Tj ET Q q 0 0 0 rg BT 214.36 635.80 Td (is ) Tj ET Q q 0 0 0 rg BT 222.36 635.80 Td (not ) Tj ET Q q 0 0 0 rg BT 235.85 635.80 Td (fully ) Tj ET Q q 0 0 0 rg BT 254.84 635.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 285.32 635.80 Td (by ) Tj ET Q q 0 0 0 rg BT 296.31 635.80 Td (our ) Tj ET Q q 0 0 0 rg BT 310.30 635.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 346.78 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 356.27 635.80 Td (an ) Tj ET Q q 0 0 0 rg BT 366.75 635.80 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 410.72 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 420.21 635.80 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 464.17 635.80 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 502.66 635.80 Td (from ) Tj ET Q q 0 0 0 rg BT 522.14 635.80 Td (a ) Tj ET Q q 0 0 0 rg BT 528.13 635.80 Td (customer) Tj ET Q q 0 0 0 rg BT 560.76 635.80 Td (, ) Tj ET Q q 0 0 0 rg BT 565.00 635.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 78.06 625.00 Td (could ) Tj ET Q q 0 0 0 rg BT 100.65 625.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 137.73 625.00 Td (af) Tj ET Q q 0 0 0 rg BT 144.56 625.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 160.65 625.00 Td (our ) Tj ET Q q 0 0 0 rg BT 175.24 625.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.32 625.00 Td (position, ) Tj ET Q q 0 0 0 rg BT 243.17 625.00 Td (results ) Tj ET Q q 0 0 0 rg BT 269.26 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 279.36 625.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.44 625.00 Td (or ) Tj ET Q q 0 0 0 rg BT 329.54 625.00 Td (profitability) Tj ET Q q 0 0 0 rg BT 371.94 625.00 Td (. ) Tj ET Q q 0 0 0 rg BT 376.60 625.00 Td (The ) Tj ET Q q 0 0 0 rg BT 393.19 625.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 422.78 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.87 625.00 Td (our ) Tj ET Q q 0 0 0 rg BT 447.47 625.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 484.55 625.00 Td (may ) Tj ET Q q 0 0 0 rg BT 502.64 625.00 Td (also ) Tj ET Q q 0 0 0 rg BT 519.73 625.00 Td (be ) Tj ET Q q 0 0 0 rg BT 530.82 625.00 Td (less ) Tj ET Q q 0 0 0 rg BT 546.92 625.00 Td (than ) Tj ET Q q 0 0 0 rg BT 565.01 625.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 614.20 Td (related ) Tj ET Q q 0 0 0 rg BT 62.65 614.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 89.31 614.20 Td (on ) Tj ET Q q 0 0 0 rg BT 100.48 614.20 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 138.13 614.20 Td (value ) Tj ET Q q 0 0 0 rg BT 159.79 614.20 Td (after ) Tj ET Q q 0 0 0 rg BT 178.45 614.20 Td (a ) Tj ET Q q 0 0 0 rg BT 184.61 614.20 Td (loss. ) Tj ET Q q 0 0 0 rg BT 203.04 614.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 219.20 614.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 255.86 614.20 Td (coverage ) Tj ET Q q 0 0 0 rg BT 290.50 614.20 Td (will ) Tj ET Q q 0 0 0 rg BT 306.67 614.20 Td (not ) Tj ET Q q 0 0 0 rg BT 320.34 614.20 Td (in ) Tj ET Q q 0 0 0 rg BT 329.51 614.20 Td (all ) Tj ET Q q 0 0 0 rg BT 340.68 614.20 Td (situations ) Tj ET Q q 0 0 0 rg BT 377.35 614.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 407.01 614.20 Td (suf) Tj ET Q q 0 0 0 rg BT 417.85 614.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 443.01 614.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 465.18 614.20 Td (to ) Tj ET Q q 0 0 0 rg BT 474.35 614.20 Td (protect ) Tj ET Q q 0 0 0 rg BT 501.51 614.20 Td (us ) Tj ET Q q 0 0 0 rg BT 511.68 614.20 Td (from ) Tj ET Q q 0 0 0 rg BT 531.34 614.20 Td (all ) Tj ET Q q 0 0 0 rg BT 542.51 614.20 Td (liabilities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 603.40 Td (that ) Tj ET Q q 0 0 0 rg BT 51.23 603.40 Td (could ) Tj ET Q q 0 0 0 rg BT 72.95 603.40 Td (result ) Tj ET Q q 0 0 0 rg BT 94.68 603.40 Td (from ) Tj ET Q q 0 0 0 rg BT 113.91 603.40 Td (our ) Tj ET Q q 0 0 0 rg BT 127.63 603.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 155.87 603.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 197.34 603.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 213.06 603.40 Td (coverage ) Tj ET Q q 0 0 0 rg BT 247.27 603.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 279.00 603.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 304.72 603.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 341.42 603.40 Td (policy ) Tj ET Q q 0 0 0 rg BT 365.65 603.40 Td (limits. ) Tj ET Q q 0 0 0 rg BT 389.76 603.40 Td (As ) Tj ET Q q 0 0 0 rg BT 401.49 603.40 Td (a ) Tj ET Q q 0 0 0 rg BT 407.21 603.40 Td (result, ) Tj ET Q q 0 0 0 rg BT 431.19 603.40 Td (we ) Tj ET Q q 0 0 0 rg BT 443.42 603.40 Td (retain ) Tj ET Q q 0 0 0 rg BT 465.64 603.40 Td (the ) Tj ET Q q 0 0 0 rg BT 478.36 603.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 493.59 603.40 Td (for ) Tj ET Q q 0 0 0 rg BT 505.82 603.40 Td (any ) Tj ET Q q 0 0 0 rg BT 520.55 603.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 543.78 603.40 Td (in ) Tj ET Q q 0 0 0 rg BT 552.51 603.40 Td (excess ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.85 592.60 Td (these ) Tj ET Q q 0 0 0 rg BT 66.69 592.60 Td (limits. ) Tj ET Q q 0 0 0 rg BT 91.28 592.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 109.13 592.60 Td (such ) Tj ET Q q 0 0 0 rg BT 127.98 592.60 Td (lack ) Tj ET Q q 0 0 0 rg BT 145.32 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.17 592.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 211.51 592.60 Td (may ) Tj ET Q q 0 0 0 rg BT 229.35 592.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 251.69 592.60 Td (us ) Tj ET Q q 0 0 0 rg BT 262.05 592.60 Td (to ) Tj ET Q q 0 0 0 rg BT 271.40 592.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 292.24 592.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 333.09 592.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 355.69 592.60 Td (In ) Tj ET Q q 0 0 0 rg BT 365.54 592.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 399.64 592.60 Td (we ) Tj ET Q q 0 0 0 rg BT 412.49 592.60 Td (could ) Tj ET Q q 0 0 0 rg BT 434.83 592.60 Td (decide ) Tj ET Q q 0 0 0 rg BT 460.67 592.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.02 592.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 492.86 592.60 Td (more ) Tj ET Q q 0 0 0 rg BT 513.71 592.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 529.56 592.60 Td (in ) Tj ET Q q 0 0 0 rg BT 538.91 592.60 Td (the ) Tj ET Q q 0 0 0 rg BT 552.26 592.60 Td (future. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 581.80 Td (This ) Tj ET Q q 0 0 0 rg BT 54.06 581.80 Td (results ) Tj ET Q q 0 0 0 rg BT 79.62 581.80 Td (in ) Tj ET Q q 0 0 0 rg BT 88.68 581.80 Td (a ) Tj ET Q q 0 0 0 rg BT 94.74 581.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 119.79 581.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 135.35 581.80 Td (of ) Tj ET Q q 0 0 0 rg BT 144.91 581.80 Td (losses, ) Tj ET Q q 0 0 0 rg BT 170.72 581.80 Td (which ) Tj ET Q q 0 0 0 rg BT 194.78 581.80 Td (could ) Tj ET Q q 0 0 0 rg BT 216.83 581.80 Td (be ) Tj ET Q q 0 0 0 rg BT 227.39 581.80 Td (material, ) Tj ET Q q 0 0 0 rg BT 261.18 581.80 Td (which ) Tj ET Q q 0 0 0 rg BT 285.24 581.80 Td (are ) Tj ET Q q 0 0 0 rg BT 298.29 581.80 Td (not ) Tj ET Q q 0 0 0 rg BT 311.85 581.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 342.39 581.80 Td (by ) Tj ET Q q 0 0 0 rg BT 353.45 581.80 Td (third-party ) Tj ET Q q 0 0 0 rg BT 394.00 581.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 430.55 581.80 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 467.34 581.80 Td (Moreover) Tj ET Q q 0 0 0 rg BT 502.47 581.80 Td (, ) Tj ET Q q 0 0 0 rg BT 506.78 581.80 Td (we ) Tj ET Q q 0 0 0 rg BT 519.33 581.80 Td (may ) Tj ET Q q 0 0 0 rg BT 536.89 581.80 Td (not ) Tj ET Q q 0 0 0 rg BT 550.45 581.80 Td (be ) Tj ET Q q 0 0 0 rg BT 561.01 581.80 Td (able ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 571.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 571.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 78.99 571.00 Td (adequate ) Tj ET Q q 0 0 0 rg BT 113.22 571.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 149.95 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 159.21 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.45 571.00 Td (future ) Tj ET Q q 0 0 0 rg BT 196.19 571.00 Td (at ) Tj ET Q q 0 0 0 rg BT 204.93 571.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 224.17 571.00 Td (that ) Tj ET Q q 0 0 0 rg BT 239.92 571.00 Td (we ) Tj ET Q q 0 0 0 rg BT 252.66 571.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 285.40 571.00 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 328.38 571.00 Td (or ) Tj ET Q q 0 0 0 rg BT 338.13 571.00 Td (obtain ) Tj ET Q q 0 0 0 rg BT 362.87 571.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 399.61 571.00 Td (against ) Tj ET Q q 0 0 0 rg BT 427.35 571.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 454.08 571.00 Td (risks.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 543.40 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 91.13 543.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 109.76 543.40 Td (and ) Tj ET Q q 0 0 0 rg BT 125.89 543.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 172.28 543.40 Td (including ) Tj ET Q q 0 0 0 rg BT 209.92 543.40 Td (environmental ) Tj ET Q q 0 0 0 rg BT 266.05 543.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 284.68 543.40 Td (and ) Tj ET Q q 0 0 0 rg BT 300.81 543.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 347.20 543.40 Td (may ) Tj ET Q q 0 0 0 rg BT 364.83 543.40 Td (add ) Tj ET Q q 0 0 0 rg BT 380.45 543.40 Td (to ) Tj ET Q q 0 0 0 rg BT 389.58 543.40 Td (our ) Tj ET Q q 0 0 0 rg BT 404.71 543.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 427.09 543.40 Td (expose ) Tj ET Q q 0 0 0 rg BT 454.21 543.40 Td (us ) Tj ET Q q 0 0 0 rg BT 464.84 543.40 Td (to ) Tj ET Q q 0 0 0 rg BT 473.97 543.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 504.10 543.40 Td (or ) Tj ET Q q 0 0 0 rg BT 514.23 543.40 Td (limit ) Tj ET Q q 0 0 0 rg BT 533.36 543.40 Td (our ) Tj ET Q q 0 0 0 rg BT 548.49 543.40 Td (drilling ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 532.60 Td (activity) Tj ET Q q 0 0 0 rg BT 62.15 532.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.24 518.80 Td (business ) Tj ET Q q 0 0 0 rg BT 84.99 518.80 Td (in ) Tj ET Q q 0 0 0 rg BT 94.23 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 107.47 518.80 Td (of) Tj ET Q q 0 0 0 rg BT 114.81 518.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 139.54 518.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 168.29 518.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 200.03 518.80 Td (is ) Tj ET Q q 0 0 0 rg BT 208.28 518.80 Td (af) Tj ET Q q 0 0 0 rg BT 215.11 518.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 239.33 518.80 Td (by ) Tj ET Q q 0 0 0 rg BT 250.58 518.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 269.32 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 284.56 518.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 326.80 518.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 356.53 518.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.77 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 379.01 518.80 Td (ener) Tj ET Q q 0 0 0 rg BT 394.34 518.80 Td (gy ) Tj ET Q q 0 0 0 rg BT 405.58 518.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 437.33 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 452.57 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 465.81 518.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 513.54 518.80 Td (in ) Tj ET Q q 0 0 0 rg BT 522.78 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 536.02 518.80 Td (geographic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.00 Td (areas ) Tj ET Q q 0 0 0 rg BT 56.49 508.00 Td (where ) Tj ET Q q 0 0 0 rg BT 80.49 508.00 Td (we ) Tj ET Q q 0 0 0 rg BT 92.99 508.00 Td (operate, ) Tj ET Q q 0 0 0 rg BT 123.73 508.00 Td (including ) Tj ET Q q 0 0 0 rg BT 159.74 508.00 Td (international ) Tj ET Q q 0 0 0 rg BT 207.23 508.00 Td (conventions ) Tj ET Q q 0 0 0 rg BT 252.73 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 267.74 508.00 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 297.98 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.98 508.00 Td (regional, ) Tj ET Q q 0 0 0 rg BT 346.73 508.00 Td (national, ) Tj ET Q q 0 0 0 rg BT 379.98 508.00 Td (state ) Tj ET Q q 0 0 0 rg BT 398.48 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 413.49 508.00 Td (local ) Tj ET Q q 0 0 0 rg BT 432.99 508.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 451.49 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 466.50 508.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 508.50 508.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 547.50 508.00 Td (those ) Tj ET Q q 0 0 0 rg BT 568.50 508.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.46 497.20 Td (International ) Tj ET Q q 0 0 0 rg BT 97.91 497.20 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 133.86 497.20 Td (Or) Tj ET Q q 0 0 0 rg BT 143.20 497.20 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 185.40 497.20 Td (European ) Tj ET Q q 0 0 0 rg BT 222.35 497.20 Td (Union, ) Tj ET Q q 0 0 0 rg BT 249.57 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 263.03 497.20 Td (United ) Tj ET Q q 0 0 0 rg BT 289.99 497.20 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 326.46 497.20 Td (and ) Tj ET Q q 0 0 0 rg BT 341.92 497.20 Td (Norway\). ) Tj ET Q q 0 0 0 rg BT 378.44 497.20 Td (The ) Tj ET Q q 0 0 0 rg BT 394.90 497.20 Td (of) Tj ET Q q 0 0 0 rg BT 402.24 497.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 427.19 497.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 456.16 497.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 488.13 497.20 Td (is ) Tj ET Q q 0 0 0 rg BT 496.60 497.20 Td (dependent ) Tj ET Q q 0 0 0 rg BT 536.05 497.20 Td (on ) Tj ET Q q 0 0 0 rg BT 547.51 497.20 Td (demand ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 486.40 Td (for ) Tj ET Q q 0 0 0 rg BT 48.57 486.40 Td (services ) Tj ET Q q 0 0 0 rg BT 79.63 486.40 Td (from ) Tj ET Q q 0 0 0 rg BT 99.21 486.40 Td (the ) Tj ET Q q 0 0 0 rg BT 112.28 486.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 123.85 486.40 Td (and ) Tj ET Q q 0 0 0 rg BT 138.93 486.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 153.00 486.40 Td (exploration ) Tj ET Q q 0 0 0 rg BT 196.06 486.40 Td (and ) Tj ET Q q 0 0 0 rg BT 211.14 486.40 Td (production ) Tj ET Q q 0 0 0 rg BT 252.20 486.40 Td (industry) Tj ET Q q 0 0 0 rg BT 281.12 486.40 Td (, ) Tj ET Q q 0 0 0 rg BT 285.45 486.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 302.77 486.40 Td (accordingly) Tj ET Q q 0 0 0 rg BT 344.67 486.40 Td (, ) Tj ET Q q 0 0 0 rg BT 348.99 486.40 Td (we ) Tj ET Q q 0 0 0 rg BT 361.56 486.40 Td (are ) Tj ET Q q 0 0 0 rg BT 374.63 486.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 404.19 486.40 Td (af) Tj ET Q q 0 0 0 rg BT 411.02 486.40 Td (fected ) Tj ET Q q 0 0 0 rg BT 435.08 486.40 Td (by ) Tj ET Q q 0 0 0 rg BT 446.15 486.40 Td (the ) Tj ET Q q 0 0 0 rg BT 459.23 486.40 Td (adoption ) Tj ET Q q 0 0 0 rg BT 492.80 486.40 Td (of ) Tj ET Q q 0 0 0 rg BT 502.37 486.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 520.95 486.40 Td (and ) Tj ET Q q 0 0 0 rg BT 536.02 486.40 Td (regulations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 475.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 54.49 475.60 Td (for ) Tj ET Q q 0 0 0 rg BT 67.73 475.60 Td (economic, ) Tj ET Q q 0 0 0 rg BT 107.71 475.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 162.44 475.60 Td (or ) Tj ET Q q 0 0 0 rg BT 172.68 475.60 Td (other ) Tj ET Q q 0 0 0 rg BT 193.91 475.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 219.15 475.60 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 251.14 475.60 Td (curtail ) Tj ET Q q 0 0 0 rg BT 276.87 475.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 320.61 475.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.34 475.60 Td (development ) Tj ET Q q 0 0 0 rg BT 385.57 475.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 414.82 475.60 Td (for ) Tj ET Q q 0 0 0 rg BT 428.06 475.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 440.30 475.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.04 475.60 Td (gas. ) Tj ET Q q 0 0 0 rg BT 473.03 475.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 519.27 475.60 Td (with ) Tj ET Q q 0 0 0 rg BT 538.01 475.60 Td (such ) Tj ET Q q 0 0 0 rg BT 557.25 475.60 Td (laws, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 464.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 77.24 464.80 Td (and ) Tj ET Q q 0 0 0 rg BT 91.48 464.80 Td (standards, ) Tj ET Q q 0 0 0 rg BT 128.96 464.80 Td (where ) Tj ET Q q 0 0 0 rg BT 152.20 464.80 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 192.67 464.80 Td (may ) Tj ET Q q 0 0 0 rg BT 209.41 464.80 Td (require ) Tj ET Q q 0 0 0 rg BT 236.14 464.80 Td (us ) Tj ET Q q 0 0 0 rg BT 245.39 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.64 464.80 Td (make ) Tj ET Q q 0 0 0 rg BT 274.38 464.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 313.61 464.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 338.84 464.80 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 388.32 464.80 Td (such ) Tj ET Q q 0 0 0 rg BT 406.07 464.80 Td (as ) Tj ET Q q 0 0 0 rg BT 414.81 464.80 Td (installation ) Tj ET Q q 0 0 0 rg BT 456.05 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 464.79 464.80 Td (costly ) Tj ET Q q 0 0 0 rg BT 487.54 464.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 526.77 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 535.52 464.80 Td (operational ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 454.00 Td (changes, ) Tj ET Q q 0 0 0 rg BT 69.76 454.00 Td (and ) Tj ET Q q 0 0 0 rg BT 85.29 454.00 Td (may ) Tj ET Q q 0 0 0 rg BT 103.31 454.00 Td (af) Tj ET Q q 0 0 0 rg BT 110.14 454.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 126.15 454.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.68 454.00 Td (resale ) Tj ET Q q 0 0 0 rg BT 163.19 454.00 Td (value ) Tj ET Q q 0 0 0 rg BT 185.21 454.00 Td (or ) Tj ET Q q 0 0 0 rg BT 195.23 454.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 219.75 454.00 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 250.27 454.00 Td (of ) Tj ET Q q 0 0 0 rg BT 260.29 454.00 Td (our ) Tj ET Q q 0 0 0 rg BT 274.82 454.00 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 292.91 454.00 Td (W) Tj ET Q q 0 0 0 rg BT 300.69 454.00 Td (e ) Tj ET Q q 0 0 0 rg BT 307.21 454.00 Td (may ) Tj ET Q q 0 0 0 rg BT 325.23 454.00 Td (also ) Tj ET Q q 0 0 0 rg BT 342.26 454.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 363.28 454.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 401.80 454.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.33 454.00 Td (in ) Tj ET Q q 0 0 0 rg BT 431.85 454.00 Td (order ) Tj ET Q q 0 0 0 rg BT 453.37 454.00 Td (to ) Tj ET Q q 0 0 0 rg BT 462.90 454.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 492.42 454.00 Td (with ) Tj ET Q q 0 0 0 rg BT 510.95 454.00 Td (other ) Tj ET Q q 0 0 0 rg BT 531.97 454.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 563.00 454.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.20 Td (future ) Tj ET Q q 0 0 0 rg BT 59.25 443.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 97.99 443.20 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 141.99 443.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 180.00 443.20 Td (but ) Tj ET Q q 0 0 0 rg BT 193.25 443.20 Td (not ) Tj ET Q q 0 0 0 rg BT 206.51 443.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 233.76 443.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 244.77 443.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 264.53 443.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 293.77 443.20 Td (to ) Tj ET Q q 0 0 0 rg BT 302.53 443.20 Td (air ) Tj ET Q q 0 0 0 rg BT 313.78 443.20 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 353.29 443.20 Td (including ) Tj ET Q q 0 0 0 rg BT 389.04 443.20 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 431.78 443.20 Td (gases, ) Tj ET Q q 0 0 0 rg BT 455.28 443.20 Td (the ) Tj ET Q q 0 0 0 rg BT 468.04 443.20 Td (management ) Tj ET Q q 0 0 0 rg BT 515.77 443.20 Td (of ) Tj ET Q q 0 0 0 rg BT 525.03 443.20 Td (ballast ) Tj ET Q q 0 0 0 rg BT 550.28 443.20 Td (waters, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 432.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 84.31 432.40 Td (and ) Tj ET Q q 0 0 0 rg BT 100.13 432.40 Td (inspection, ) Tj ET Q q 0 0 0 rg BT 142.21 432.40 Td (development ) Tj ET Q q 0 0 0 rg BT 191.52 432.40 Td (and ) Tj ET Q q 0 0 0 rg BT 207.35 432.40 Td (implementation ) Tj ET Q q 0 0 0 rg BT 266.67 432.40 Td (of ) Tj ET Q q 0 0 0 rg BT 276.99 432.40 Td (emer) Tj ET Q q 0 0 0 rg BT 294.82 432.40 Td (gency ) Tj ET Q q 0 0 0 rg BT 319.14 432.40 Td (procedures ) Tj ET Q q 0 0 0 rg BT 361.45 432.40 Td (and ) Tj ET Q q 0 0 0 rg BT 377.28 432.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 414.59 432.40 Td (coverage ) Tj ET Q q 0 0 0 rg BT 449.90 432.40 Td (or ) Tj ET Q q 0 0 0 rg BT 460.23 432.40 Td (other ) Tj ET Q q 0 0 0 rg BT 481.55 432.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.86 432.40 Td (assurance ) Tj ET Q q 0 0 0 rg BT 553.67 432.40 Td (of ) Tj ET Q q 0 0 0 rg BT 564.00 432.40 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 421.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 62.20 421.60 Td (to ) Tj ET Q q 0 0 0 rg BT 72.41 421.60 Td (address ) Tj ET Q q 0 0 0 rg BT 102.61 421.60 Td (pollution ) Tj ET Q q 0 0 0 rg BT 138.32 421.60 Td (incidents. ) Tj ET Q q 0 0 0 rg BT 176.27 421.60 Td (Further) Tj ET Q q 0 0 0 rg BT 202.41 421.60 Td (, ) Tj ET Q q 0 0 0 rg BT 207.87 421.60 Td (our ) Tj ET Q q 0 0 0 rg BT 223.07 421.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 249.28 421.60 Td (to ) Tj ET Q q 0 0 0 rg BT 259.48 421.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 293.18 421.60 Td (in ) Tj ET Q q 0 0 0 rg BT 303.39 421.60 Td (international ) Tj ET Q q 0 0 0 rg BT 352.08 421.60 Td (of) Tj ET Q q 0 0 0 rg BT 359.41 421.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 385.11 421.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 417.30 421.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 447.01 421.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 478.71 421.60 Td (may ) Tj ET Q q 0 0 0 rg BT 497.41 421.60 Td (be ) Tj ET Q q 0 0 0 rg BT 509.11 421.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 537.82 421.60 Td (by ) Tj ET Q q 0 0 0 rg BT 550.02 421.60 Td (foreign ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 410.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 87.82 410.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 130.14 410.80 Td (that ) Tj ET Q q 0 0 0 rg BT 145.97 410.80 Td (favor ) Tj ET Q q 0 0 0 rg BT 167.29 410.80 Td (or ) Tj ET Q q 0 0 0 rg BT 177.13 410.80 Td (require ) Tj ET Q q 0 0 0 rg BT 204.94 410.80 Td (the ) Tj ET Q q 0 0 0 rg BT 218.27 410.80 Td (awarding ) Tj ET Q q 0 0 0 rg BT 254.10 410.80 Td (of ) Tj ET Q q 0 0 0 rg BT 263.93 410.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 298.75 410.80 Td (to ) Tj ET Q q 0 0 0 rg BT 308.08 410.80 Td (local ) Tj ET Q q 0 0 0 rg BT 327.91 410.80 Td (contractors ) Tj ET Q q 0 0 0 rg BT 370.22 410.80 Td (or ) Tj ET Q q 0 0 0 rg BT 380.05 410.80 Td (by ) Tj ET Q q 0 0 0 rg BT 391.39 410.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 433.71 410.80 Td (requiring ) Tj ET Q q 0 0 0 rg BT 469.04 410.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 497.36 410.80 Td (contractors ) Tj ET Q q 0 0 0 rg BT 539.68 410.80 Td (to ) Tj ET Q q 0 0 0 rg BT 549.01 410.80 Td (employ ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 400.00 Td (citizens ) Tj ET Q q 0 0 0 rg BT 65.56 400.00 Td (of, ) Tj ET Q q 0 0 0 rg BT 77.38 400.00 Td (or ) Tj ET Q q 0 0 0 rg BT 86.94 400.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 121.00 400.00 Td (supplies ) Tj ET Q q 0 0 0 rg BT 152.57 400.00 Td (from, ) Tj ET Q q 0 0 0 rg BT 174.39 400.00 Td (a ) Tj ET Q q 0 0 0 rg BT 180.45 400.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 217.00 400.00 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 262.32 400.00 Td (Governments ) Tj ET Q q 0 0 0 rg BT 312.88 400.00 Td (in ) Tj ET Q q 0 0 0 rg BT 321.95 400.00 Td (some ) Tj ET Q q 0 0 0 rg BT 343.02 400.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 378.08 400.00 Td (are ) Tj ET Q q 0 0 0 rg BT 391.14 400.00 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 437.19 400.00 Td (active ) Tj ET Q q 0 0 0 rg BT 460.75 400.00 Td (in ) Tj ET Q q 0 0 0 rg BT 469.82 400.00 Td (regulating ) Tj ET Q q 0 0 0 rg BT 508.38 400.00 Td (and ) Tj ET Q q 0 0 0 rg BT 523.44 400.00 Td (controlling ) Tj ET Q q 0 0 0 rg BT 565.01 400.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 389.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 76.03 389.20 Td (of ) Tj ET Q q 0 0 0 rg BT 86.06 389.20 Td (concessions, ) Tj ET Q q 0 0 0 rg BT 133.84 389.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.37 389.20 Td (exploration ) Tj ET Q q 0 0 0 rg BT 190.89 389.20 Td (for ) Tj ET Q q 0 0 0 rg BT 203.92 389.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 215.96 389.20 Td (and ) Tj ET Q q 0 0 0 rg BT 231.49 389.20 Td (gas, ) Tj ET Q q 0 0 0 rg BT 248.27 389.20 Td (and ) Tj ET Q q 0 0 0 rg BT 263.80 389.20 Td (other ) Tj ET Q q 0 0 0 rg BT 284.83 389.20 Td (aspects ) Tj ET Q q 0 0 0 rg BT 313.36 389.20 Td (of ) Tj ET Q q 0 0 0 rg BT 323.39 389.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.92 389.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.96 389.20 Td (and ) Tj ET Q q 0 0 0 rg BT 364.49 389.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 379.02 389.20 Td (industries. ) Tj ET Q q 0 0 0 rg BT 418.80 389.20 Td (Of) Tj ET Q q 0 0 0 rg BT 428.14 389.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 453.16 389.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 482.20 389.20 Td (in ) Tj ET Q q 0 0 0 rg BT 491.73 389.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 518.75 389.20 Td (areas, ) Tj ET Q q 0 0 0 rg BT 542.02 389.20 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 378.40 Td (arctic ) Tj ET Q q 0 0 0 rg BT 57.61 378.40 Td (areas, ) Tj ET Q q 0 0 0 rg BT 79.96 378.40 Td (has ) Tj ET Q q 0 0 0 rg BT 93.58 378.40 Td (been ) Tj ET Q q 0 0 0 rg BT 112.20 378.40 Td (curtailed ) Tj ET Q q 0 0 0 rg BT 145.30 378.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 162.17 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 170.80 378.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.90 378.40 Td (cases, ) Tj ET Q q 0 0 0 rg BT 219.77 378.40 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 258.38 378.40 Td (because ) Tj ET Q q 0 0 0 rg BT 288.49 378.40 Td (of ) Tj ET Q q 0 0 0 rg BT 297.61 378.40 Td (concerns ) Tj ET Q q 0 0 0 rg BT 331.22 378.40 Td (over ) Tj ET Q q 0 0 0 rg BT 348.83 378.40 Td (protection ) Tj ET Q q 0 0 0 rg BT 386.94 378.40 Td (of ) Tj ET Q q 0 0 0 rg BT 396.07 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.68 378.40 Td (environment. ) Tj ET Q q 0 0 0 rg BT 457.93 378.40 Td (These ) Tj ET Q q 0 0 0 rg BT 481.04 378.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.67 378.40 Td (could ) Tj ET Q q 0 0 0 rg BT 522.29 378.40 Td (have ) Tj ET Q q 0 0 0 rg BT 540.90 378.40 Td (a ) Tj ET Q q 0 0 0 rg BT 546.52 378.40 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 367.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 65.76 367.60 Td (ef) Tj ET Q q 0 0 0 rg BT 72.59 367.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 88.35 367.60 Td (on ) Tj ET Q q 0 0 0 rg BT 99.63 367.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.90 367.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 148.93 367.60 Td (results ) Tj ET Q q 0 0 0 rg BT 174.70 367.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.48 367.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 226.49 367.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 244.76 367.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 267.04 367.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.31 367.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.07 367.60 Td (condition. ) Tj ET Q q 0 0 0 rg BT 354.09 367.60 Td (A) Tj ET Q q 0 0 0 rg BT 360.09 367.60 Td ( ) Tj ET Q q 0 0 0 rg BT 362.37 367.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 388.13 367.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.40 367.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 426.68 367.60 Td (with ) Tj ET Q q 0 0 0 rg BT 444.95 367.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 484.21 367.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 502.98 367.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.25 367.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 560.52 367.60 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.80 Td (result ) Tj ET Q q 0 0 0 rg BT 58.25 356.80 Td (in ) Tj ET Q q 0 0 0 rg BT 67.50 356.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 121.23 356.80 Td (and ) Tj ET Q q 0 0 0 rg BT 136.48 356.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 154.72 356.80 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 191.21 356.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 223.45 356.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 259.19 356.80 Td (or ) Tj ET Q q 0 0 0 rg BT 268.94 356.80 Td (the ) Tj ET Q q 0 0 0 rg BT 282.19 356.80 Td (suspension ) Tj ET Q q 0 0 0 rg BT 323.94 356.80 Td (or ) Tj ET Q q 0 0 0 rg BT 333.69 356.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 377.42 356.80 Td (of ) Tj ET Q q 0 0 0 rg BT 387.17 356.80 Td (our ) Tj ET Q q 0 0 0 rg BT 401.42 356.80 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.20 Td (T) Tj ET Q q 0 0 0 rg BT 40.87 329.20 Td (o ) Tj ET Q q 0 0 0 rg BT 47.37 329.20 Td (the ) Tj ET Q q 0 0 0 rg BT 60.36 329.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 84.35 329.20 Td (new ) Tj ET Q q 0 0 0 rg BT 101.35 329.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 119.84 329.20 Td (are ) Tj ET Q q 0 0 0 rg BT 132.83 329.20 Td (enacted ) Tj ET Q q 0 0 0 rg BT 162.31 329.20 Td (or ) Tj ET Q q 0 0 0 rg BT 171.80 329.20 Td (other ) Tj ET Q q 0 0 0 rg BT 192.30 329.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 243.78 329.20 Td (actions ) Tj ET Q q 0 0 0 rg BT 271.27 329.20 Td (are ) Tj ET Q q 0 0 0 rg BT 284.26 329.20 Td (taken ) Tj ET Q q 0 0 0 rg BT 305.75 329.20 Td (that ) Tj ET Q q 0 0 0 rg BT 321.24 329.20 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 351.74 329.20 Td (or ) Tj ET Q q 0 0 0 rg BT 361.23 329.20 Td (restrict ) Tj ET Q q 0 0 0 rg BT 388.22 329.20 Td (of) Tj ET Q q 0 0 0 rg BT 395.56 329.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 420.05 329.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 448.55 329.20 Td (or ) Tj ET Q q 0 0 0 rg BT 458.04 329.20 Td (impose ) Tj ET Q q 0 0 0 rg BT 486.04 329.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 524.03 329.20 Td (environmental ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 318.40 Td (protection ) Tj ET Q q 0 0 0 rg BT 74.79 318.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 124.06 318.40 Td (that ) Tj ET Q q 0 0 0 rg BT 139.86 318.40 Td (result ) Tj ET Q q 0 0 0 rg BT 162.15 318.40 Td (in ) Tj ET Q q 0 0 0 rg BT 171.45 318.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 207.72 318.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 228.02 318.40 Td (to ) Tj ET Q q 0 0 0 rg BT 237.32 318.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.61 318.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 262.41 318.40 Td (and ) Tj ET Q q 0 0 0 rg BT 277.70 318.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 292.00 318.40 Td (industry) Tj ET Q q 0 0 0 rg BT 320.91 318.40 Td (, ) Tj ET Q q 0 0 0 rg BT 325.46 318.40 Td (in ) Tj ET Q q 0 0 0 rg BT 334.76 318.40 Td (general, ) Tj ET Q q 0 0 0 rg BT 365.79 318.40 Td (or ) Tj ET Q q 0 0 0 rg BT 375.58 318.40 Td (the ) Tj ET Q q 0 0 0 rg BT 388.87 318.40 Td (of) Tj ET Q q 0 0 0 rg BT 396.21 318.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 421.00 318.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 449.79 318.40 Td (industry) Tj ET Q q 0 0 0 rg BT 478.71 318.40 Td (, ) Tj ET Q q 0 0 0 rg BT 483.26 318.40 Td (in ) Tj ET Q q 0 0 0 rg BT 492.55 318.40 Td (particular) Tj ET Q q 0 0 0 rg BT 526.67 318.40 Td (, ) Tj ET Q q 0 0 0 rg BT 531.22 318.40 Td (our ) Tj ET Q q 0 0 0 rg BT 545.51 318.40 Td (business ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 307.60 Td (or ) Tj ET Q q 0 0 0 rg BT 45.94 307.60 Td (prospects ) Tj ET Q q 0 0 0 rg BT 82.37 307.60 Td (could ) Tj ET Q q 0 0 0 rg BT 104.81 307.60 Td (be ) Tj ET Q q 0 0 0 rg BT 115.75 307.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 154.67 307.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 191.60 307.60 Td (af) Tj ET Q q 0 0 0 rg BT 198.43 307.60 Td (fected. ) Tj ET Q q 0 0 0 rg BT 225.10 307.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 281.03 307.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 319.96 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.90 307.60 Td (arctic ) Tj ET Q q 0 0 0 rg BT 352.33 307.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 381.26 307.60 Td (is ) Tj ET Q q 0 0 0 rg BT 389.71 307.60 Td (a ) Tj ET Q q 0 0 0 rg BT 396.14 307.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 440.07 307.60 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 474.00 307.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 494.45 307.60 Td (in ) Tj ET Q q 0 0 0 rg BT 503.89 307.60 Td (some ) Tj ET Q q 0 0 0 rg BT 525.33 307.60 Td (countries, ) Tj ET Q q 0 0 0 rg BT 563.01 307.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 296.80 Td (may ) Tj ET Q q 0 0 0 rg BT 53.77 296.80 Td (be ) Tj ET Q q 0 0 0 rg BT 64.54 296.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.31 296.80 Td (to ) Tj ET Q q 0 0 0 rg BT 101.59 296.80 Td (special ) Tj ET Q q 0 0 0 rg BT 128.86 296.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 167.13 296.80 Td (new ) Tj ET Q q 0 0 0 rg BT 184.40 296.80 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 228.75 296.80 Td (The ) Tj ET Q q 0 0 0 rg BT 245.02 296.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 281.28 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 291.06 296.80 Td (our ) Tj ET Q q 0 0 0 rg BT 305.33 296.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.11 296.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 349.89 296.80 Td (will ) Tj ET Q q 0 0 0 rg BT 366.17 296.80 Td (require ) Tj ET Q q 0 0 0 rg BT 393.93 296.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 420.69 296.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 472.45 296.80 Td (approvals. ) Tj ET Q q 0 0 0 rg BT 511.96 296.80 Td (Depending ) Tj ET Q q 0 0 0 rg BT 553.73 296.80 Td (on ) Tj ET Q q 0 0 0 rg BT 565.01 296.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 286.00 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 81.32 286.00 Td (these ) Tj ET Q q 0 0 0 rg BT 101.88 286.00 Td (governmental ) Tj ET Q q 0 0 0 rg BT 153.44 286.00 Td (approvals ) Tj ET Q q 0 0 0 rg BT 190.50 286.00 Td (may ) Tj ET Q q 0 0 0 rg BT 208.07 286.00 Td (involve ) Tj ET Q q 0 0 0 rg BT 237.13 286.00 Td (public ) Tj ET Q q 0 0 0 rg BT 261.70 286.00 Td (hearings ) Tj ET Q q 0 0 0 rg BT 294.26 286.00 Td (and ) Tj ET Q q 0 0 0 rg BT 309.33 286.00 Td (costly ) Tj ET Q q 0 0 0 rg BT 332.90 286.00 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 381.46 286.00 Td (on ) Tj ET Q q 0 0 0 rg BT 392.54 286.00 Td (our ) Tj ET Q q 0 0 0 rg BT 406.60 286.00 Td (part. ) Tj ET Q q 0 0 0 rg BT 424.77 286.00 Td (W) Tj ET Q q 0 0 0 rg BT 432.54 286.00 Td (e ) Tj ET Q q 0 0 0 rg BT 438.61 286.00 Td (may ) Tj ET Q q 0 0 0 rg BT 456.18 286.00 Td (not ) Tj ET Q q 0 0 0 rg BT 469.75 286.00 Td (obtain ) Tj ET Q q 0 0 0 rg BT 494.32 286.00 Td (such ) Tj ET Q q 0 0 0 rg BT 512.89 286.00 Td (approvals ) Tj ET Q q 0 0 0 rg BT 549.95 286.00 Td (or ) Tj ET Q q 0 0 0 rg BT 559.52 286.00 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 275.20 Td (approvals ) Tj ET Q q 0 0 0 rg BT 73.32 275.20 Td (may ) Tj ET Q q 0 0 0 rg BT 91.15 275.20 Td (not ) Tj ET Q q 0 0 0 rg BT 104.99 275.20 Td (be ) Tj ET Q q 0 0 0 rg BT 115.81 275.20 Td (obtained ) Tj ET Q q 0 0 0 rg BT 149.14 275.20 Td (in ) Tj ET Q q 0 0 0 rg BT 158.47 275.20 Td (a ) Tj ET Q q 0 0 0 rg BT 164.80 275.20 Td (timely ) Tj ET Q q 0 0 0 rg BT 190.13 275.20 Td (manner) Tj ET Q q 0 0 0 rg BT 216.62 275.20 Td (. ) Tj ET Q q 0 0 0 rg BT 221.20 275.20 Td (If ) Tj ET Q q 0 0 0 rg BT 229.53 275.20 Td (we ) Tj ET Q q 0 0 0 rg BT 242.36 275.20 Td (fail ) Tj ET Q q 0 0 0 rg BT 256.68 275.20 Td (to ) Tj ET Q q 0 0 0 rg BT 266.02 275.20 Td (timely ) Tj ET Q q 0 0 0 rg BT 291.35 275.20 Td (secure ) Tj ET Q q 0 0 0 rg BT 316.67 275.20 Td (the ) Tj ET Q q 0 0 0 rg BT 329.99 275.20 Td (necessary ) Tj ET Q q 0 0 0 rg BT 367.31 275.20 Td (approvals ) Tj ET Q q 0 0 0 rg BT 404.63 275.20 Td (or ) Tj ET Q q 0 0 0 rg BT 414.46 275.20 Td (permits, ) Tj ET Q q 0 0 0 rg BT 446.04 275.20 Td (our ) Tj ET Q q 0 0 0 rg BT 460.37 275.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 499.20 275.20 Td (may ) Tj ET Q q 0 0 0 rg BT 517.03 275.20 Td (have ) Tj ET Q q 0 0 0 rg BT 536.35 275.20 Td (the ) Tj ET Q q 0 0 0 rg BT 549.68 275.20 Td (right ) Tj ET Q q 0 0 0 rg BT 569.01 275.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 264.40 Td (terminate ) Tj ET Q q 0 0 0 rg BT 71.78 264.40 Td (or ) Tj ET Q q 0 0 0 rg BT 81.07 264.40 Td (seek ) Tj ET Q q 0 0 0 rg BT 98.86 264.40 Td (to ) Tj ET Q q 0 0 0 rg BT 107.66 264.40 Td (renegotiate ) Tj ET Q q 0 0 0 rg BT 149.44 264.40 Td (their ) Tj ET Q q 0 0 0 rg BT 167.73 264.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 196.02 264.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 230.30 264.40 Td (to ) Tj ET Q q 0 0 0 rg BT 239.10 264.40 Td (our ) Tj ET Q q 0 0 0 rg BT 252.90 264.40 Td (detriment. ) Tj ET Q q 0 0 0 rg BT 291.30 264.40 Td (The ) Tj ET Q q 0 0 0 rg BT 307.09 264.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 350.87 264.40 Td (or ) Tj ET Q q 0 0 0 rg BT 360.17 264.40 Td (modification ) Tj ET Q q 0 0 0 rg BT 407.96 264.40 Td (of ) Tj ET Q q 0 0 0 rg BT 417.25 264.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 447.55 264.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 465.84 264.40 Td (and ) Tj ET Q q 0 0 0 rg BT 480.63 264.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 522.42 264.40 Td (or ) Tj ET Q q 0 0 0 rg BT 531.71 264.40 Td (the ) Tj ET Q q 0 0 0 rg BT 544.51 264.40 Td (adoption ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 253.60 Td (of ) Tj ET Q q 0 0 0 rg BT 46.16 253.60 Td (new ) Tj ET Q q 0 0 0 rg BT 63.82 253.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 82.99 253.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.65 253.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 141.31 253.60 Td (curtailing ) Tj ET Q q 0 0 0 rg BT 178.46 253.60 Td (or ) Tj ET Q q 0 0 0 rg BT 188.62 253.60 Td (further ) Tj ET Q q 0 0 0 rg BT 215.78 253.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 254.93 253.60 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 299.08 253.60 Td (or ) Tj ET Q q 0 0 0 rg BT 309.25 253.60 Td (development ) Tj ET Q q 0 0 0 rg BT 358.40 253.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 387.56 253.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.22 253.60 Td (production ) Tj ET Q q 0 0 0 rg BT 444.88 253.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.05 253.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 467.21 253.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.88 253.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 497.54 253.60 Td (could ) Tj ET Q q 0 0 0 rg BT 520.20 253.60 Td (have ) Tj ET Q q 0 0 0 rg BT 539.86 253.60 Td (a ) Tj ET Q q 0 0 0 rg BT 546.52 253.60 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 242.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 66.08 242.80 Td (ef) Tj ET Q q 0 0 0 rg BT 72.91 242.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 88.99 242.80 Td (on ) Tj ET Q q 0 0 0 rg BT 100.58 242.80 Td (our ) Tj ET Q q 0 0 0 rg BT 115.18 242.80 Td (business, ) Tj ET Q q 0 0 0 rg BT 150.52 242.80 Td (results ) Tj ET Q q 0 0 0 rg BT 176.62 242.80 Td (of ) Tj ET Q q 0 0 0 rg BT 186.71 242.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 226.79 242.80 Td (or ) Tj ET Q q 0 0 0 rg BT 236.89 242.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.96 242.80 Td (condition. ) Tj ET Q q 0 0 0 rg BT 309.81 242.80 Td (Future ) Tj ET Q q 0 0 0 rg BT 335.90 242.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 368.98 242.80 Td (may ) Tj ET Q q 0 0 0 rg BT 387.07 242.80 Td (be ) Tj ET Q q 0 0 0 rg BT 398.16 242.80 Td (negatively ) Tj ET Q q 0 0 0 rg BT 438.24 242.80 Td (af) Tj ET Q q 0 0 0 rg BT 445.07 242.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 469.65 242.80 Td (by ) Tj ET Q q 0 0 0 rg BT 481.25 242.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 525.32 242.80 Td (with ) Tj ET Q q 0 0 0 rg BT 543.92 242.80 Td (any ) Tj ET Q q 0 0 0 rg BT 559.51 242.80 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.00 Td (new ) Tj ET Q q 0 0 0 rg BT 53.24 232.00 Td (legislation ) Tj ET Q q 0 0 0 rg BT 92.99 232.00 Td (or ) Tj ET Q q 0 0 0 rg BT 102.74 232.00 Td (regulations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 204.40 Td (As ) Tj ET Q q 0 0 0 rg BT 47.61 204.40 Td (an ) Tj ET Q q 0 0 0 rg BT 57.72 204.40 Td (operator ) Tj ET Q q 0 0 0 rg BT 89.32 204.40 Td (of ) Tj ET Q q 0 0 0 rg BT 98.42 204.40 Td (mobile ) Tj ET Q q 0 0 0 rg BT 125.03 204.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 153.14 204.40 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 170.51 204.40 Td (we ) Tj ET Q q 0 0 0 rg BT 182.61 204.40 Td (may ) Tj ET Q q 0 0 0 rg BT 199.72 204.40 Td (be ) Tj ET Q q 0 0 0 rg BT 209.82 204.40 Td (liable ) Tj ET Q q 0 0 0 rg BT 231.43 204.40 Td (for ) Tj ET Q q 0 0 0 rg BT 243.53 204.40 Td (damages ) Tj ET Q q 0 0 0 rg BT 276.63 204.40 Td (and ) Tj ET Q q 0 0 0 rg BT 291.24 204.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.85 204.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 342.45 204.40 Td (in ) Tj ET Q q 0 0 0 rg BT 351.06 204.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 392.15 204.40 Td (with ) Tj ET Q q 0 0 0 rg BT 409.77 204.40 Td (spills ) Tj ET Q q 0 0 0 rg BT 430.39 204.40 Td (of ) Tj ET Q q 0 0 0 rg BT 439.49 204.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 450.61 204.40 Td (and ) Tj ET Q q 0 0 0 rg BT 465.21 204.40 Td (other ) Tj ET Q q 0 0 0 rg BT 485.32 204.40 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 522.91 204.40 Td (and ) Tj ET Q q 0 0 0 rg BT 537.52 204.40 Td (substances ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 193.60 Td (related ) Tj ET Q q 0 0 0 rg BT 62.86 193.60 Td (to ) Tj ET Q q 0 0 0 rg BT 72.23 193.60 Td (our ) Tj ET Q q 0 0 0 rg BT 86.61 193.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 128.72 193.60 Td (and ) Tj ET Q q 0 0 0 rg BT 144.09 193.60 Td (we ) Tj ET Q q 0 0 0 rg BT 156.96 193.60 Td (may ) Tj ET Q q 0 0 0 rg BT 174.83 193.60 Td (also ) Tj ET Q q 0 0 0 rg BT 191.70 193.60 Td (be ) Tj ET Q q 0 0 0 rg BT 202.57 193.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.44 193.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.82 193.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 280.19 193.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 300.06 193.60 Td (in ) Tj ET Q q 0 0 0 rg BT 309.43 193.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 351.29 193.60 Td (with ) Tj ET Q q 0 0 0 rg BT 369.67 193.60 Td (spills. ) Tj ET Q q 0 0 0 rg BT 393.30 193.60 Td (For ) Tj ET Q q 0 0 0 rg BT 408.18 193.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 443.29 193.60 Td (an ) Tj ET Q q 0 0 0 rg BT 454.16 193.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 466.03 193.60 Td (spill ) Tj ET Q q 0 0 0 rg BT 483.91 193.60 Td (could ) Tj ET Q q 0 0 0 rg BT 506.28 193.60 Td (result ) Tj ET Q q 0 0 0 rg BT 528.65 193.60 Td (in ) Tj ET Q q 0 0 0 rg BT 538.03 193.60 Td (significant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 182.80 Td (liability) Tj ET Q q 0 0 0 rg BT 63.41 182.80 Td (, ) Tj ET Q q 0 0 0 rg BT 68.09 182.80 Td (including ) Tj ET Q q 0 0 0 rg BT 104.51 182.80 Td (fines, ) Tj ET Q q 0 0 0 rg BT 126.68 182.80 Td (penalties ) Tj ET Q q 0 0 0 rg BT 161.09 182.80 Td (and ) Tj ET Q q 0 0 0 rg BT 176.51 182.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 208.92 182.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 239.35 182.80 Td (and ) Tj ET Q q 0 0 0 rg BT 254.77 182.80 Td (remediation ) Tj ET Q q 0 0 0 rg BT 300.17 182.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.60 182.80 Td (for ) Tj ET Q q 0 0 0 rg BT 333.52 182.80 Td (natural ) Tj ET Q q 0 0 0 rg BT 360.93 182.80 Td (resource ) Tj ET Q q 0 0 0 rg BT 393.83 182.80 Td (damages ) Tj ET Q q 0 0 0 rg BT 427.75 182.80 Td (under ) Tj ET Q q 0 0 0 rg BT 450.66 182.80 Td (other ) Tj ET Q q 0 0 0 rg BT 471.58 182.80 Td (international ) Tj ET Q q 0 0 0 rg BT 519.49 182.80 Td (laws, ) Tj ET Q q 0 0 0 rg BT 540.66 182.80 Td (as ) Tj ET Q q 0 0 0 rg BT 550.58 182.80 Td (well ) Tj ET Q q 0 0 0 rg BT 568.50 182.80 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 172.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 76.23 172.00 Td (damages, ) Tj ET Q q 0 0 0 rg BT 111.71 172.00 Td (to ) Tj ET Q q 0 0 0 rg BT 120.45 172.00 Td (the ) Tj ET Q q 0 0 0 rg BT 133.19 172.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 156.92 172.00 Td (that ) Tj ET Q q 0 0 0 rg BT 172.16 172.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.90 172.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 226.62 172.00 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 285.35 172.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 324.59 172.00 Td (in ) Tj ET Q q 0 0 0 rg BT 333.33 172.00 Td (our ) Tj ET Q q 0 0 0 rg BT 347.07 172.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 375.32 172.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 409.54 172.00 Td (are ) Tj ET Q q 0 0 0 rg BT 422.27 172.00 Td (not ) Tj ET Q q 0 0 0 rg BT 435.52 172.00 Td (suf) Tj ET Q q 0 0 0 rg BT 446.35 172.00 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 473.33 172.00 Td (or ) Tj ET Q q 0 0 0 rg BT 482.57 172.00 Td (if ) Tj ET Q q 0 0 0 rg BT 489.81 172.00 Td (our ) Tj ET Q q 0 0 0 rg BT 503.55 172.00 Td (clients ) Tj ET Q q 0 0 0 rg BT 528.79 172.00 Td (are ) Tj ET Q q 0 0 0 rg BT 541.52 172.00 Td (unwilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 161.20 Td (or ) Tj ET Q q 0 0 0 rg BT 46.03 161.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 72.55 161.20 Td (to ) Tj ET Q q 0 0 0 rg BT 82.08 161.20 Td (contractually ) Tj ET Q q 0 0 0 rg BT 131.59 161.20 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 171.12 161.20 Td (us ) Tj ET Q q 0 0 0 rg BT 181.65 161.20 Td (from ) Tj ET Q q 0 0 0 rg BT 201.68 161.20 Td (these ) Tj ET Q q 0 0 0 rg BT 222.71 161.20 Td (risks. ) Tj ET Q q 0 0 0 rg BT 243.93 161.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 288.84 161.20 Td (, ) Tj ET Q q 0 0 0 rg BT 293.63 161.20 Td (we ) Tj ET Q q 0 0 0 rg BT 306.65 161.20 Td (may ) Tj ET Q q 0 0 0 rg BT 324.68 161.20 Td (not ) Tj ET Q q 0 0 0 rg BT 338.71 161.20 Td (be ) Tj ET Q q 0 0 0 rg BT 349.74 161.20 Td (able ) Tj ET Q q 0 0 0 rg BT 367.26 161.20 Td (to ) Tj ET Q q 0 0 0 rg BT 376.79 161.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 401.82 161.20 Td (such ) Tj ET Q q 0 0 0 rg BT 420.85 161.20 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 465.38 161.20 Td (in ) Tj ET Q q 0 0 0 rg BT 474.91 161.20 Td (our ) Tj ET Q q 0 0 0 rg BT 489.44 161.20 Td (future ) Tj ET Q q 0 0 0 rg BT 513.46 161.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 548.48 161.20 Td (and ) Tj ET Q q 0 0 0 rg BT 564.00 161.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 150.40 Td (clients ) Tj ET Q q 0 0 0 rg BT 62.16 150.40 Td (may ) Tj ET Q q 0 0 0 rg BT 80.31 150.40 Td (not ) Tj ET Q q 0 0 0 rg BT 94.48 150.40 Td (have ) Tj ET Q q 0 0 0 rg BT 114.13 150.40 Td (the ) Tj ET Q q 0 0 0 rg BT 127.79 150.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.93 150.40 Td (capability ) Tj ET Q q 0 0 0 rg BT 200.08 150.40 Td (to ) Tj ET Q q 0 0 0 rg BT 209.75 150.40 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 232.91 150.40 Td (their ) Tj ET Q q 0 0 0 rg BT 252.06 150.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 294.70 150.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 337.36 150.40 Td (to ) Tj ET Q q 0 0 0 rg BT 347.03 150.40 Td (us. ) Tj ET Q q 0 0 0 rg BT 359.35 150.40 Td (Also, ) Tj ET Q q 0 0 0 rg BT 381.27 150.40 Td (these ) Tj ET Q q 0 0 0 rg BT 402.43 150.40 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 447.08 150.40 Td (may ) Tj ET Q q 0 0 0 rg BT 465.24 150.40 Td (be ) Tj ET Q q 0 0 0 rg BT 476.40 150.40 Td (held ) Tj ET Q q 0 0 0 rg BT 494.56 150.40 Td (to ) Tj ET Q q 0 0 0 rg BT 504.22 150.40 Td (be ) Tj ET Q q 0 0 0 rg BT 515.38 150.40 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 569.01 150.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 139.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 62.83 139.60 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 111.93 139.60 Td (as ) Tj ET Q q 0 0 0 rg BT 121.78 139.60 Td (a ) Tj ET Q q 0 0 0 rg BT 128.12 139.60 Td (result ) Tj ET Q q 0 0 0 rg BT 150.46 139.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.31 139.60 Td (public ) Tj ET Q q 0 0 0 rg BT 185.15 139.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 210.00 139.60 Td (or ) Tj ET Q q 0 0 0 rg BT 219.85 139.60 Td (for ) Tj ET Q q 0 0 0 rg BT 232.69 139.60 Td (other ) Tj ET Q q 0 0 0 rg BT 253.53 139.60 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 285.12 139.60 Td (Laws ) Tj ET Q q 0 0 0 rg BT 306.96 139.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.31 139.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 364.65 139.60 Td (protecting ) Tj ET Q q 0 0 0 rg BT 403.48 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.83 139.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 464.66 139.60 Td (have ) Tj ET Q q 0 0 0 rg BT 484.00 139.60 Td (become ) Tj ET Q q 0 0 0 rg BT 514.34 139.60 Td (more ) Tj ET Q q 0 0 0 rg BT 535.18 139.60 Td (stringent ) Tj ET Q q 0 0 0 rg BT 569.02 139.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 128.80 Td (recent ) Tj ET Q q 0 0 0 rg BT 59.81 128.80 Td (years, ) Tj ET Q q 0 0 0 rg BT 82.87 128.80 Td (and ) Tj ET Q q 0 0 0 rg BT 97.69 128.80 Td (may ) Tj ET Q q 0 0 0 rg BT 115.01 128.80 Td (in ) Tj ET Q q 0 0 0 rg BT 123.84 128.80 Td (some ) Tj ET Q q 0 0 0 rg BT 144.67 128.80 Td (cases ) Tj ET Q q 0 0 0 rg BT 165.48 128.80 Td (impose ) Tj ET Q q 0 0 0 rg BT 193.30 128.80 Td (strict ) Tj ET Q q 0 0 0 rg BT 213.13 128.80 Td (liability) Tj ET Q q 0 0 0 rg BT 240.54 128.80 Td (, ) Tj ET Q q 0 0 0 rg BT 244.62 128.80 Td (rendering ) Tj ET Q q 0 0 0 rg BT 280.93 128.80 Td (a ) Tj ET Q q 0 0 0 rg BT 286.75 128.80 Td (person ) Tj ET Q q 0 0 0 rg BT 312.57 128.80 Td (liable ) Tj ET Q q 0 0 0 rg BT 334.38 128.80 Td (for ) Tj ET Q q 0 0 0 rg BT 346.70 128.80 Td (environmental ) Tj ET Q q 0 0 0 rg BT 400.51 128.80 Td (damage ) Tj ET Q q 0 0 0 rg BT 430.32 128.80 Td (without ) Tj ET Q q 0 0 0 rg BT 459.65 128.80 Td (regard ) Tj ET Q q 0 0 0 rg BT 484.46 128.80 Td (to ) Tj ET Q q 0 0 0 rg BT 493.29 128.80 Td (negligence. ) Tj ET Q q 0 0 0 rg BT 536.21 128.80 Td (These ) Tj ET Q q 0 0 0 rg BT 559.53 128.80 Td (laws ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 118.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.05 118.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 93.09 118.00 Td (may ) Tj ET Q q 0 0 0 rg BT 110.64 118.00 Td (expose ) Tj ET Q q 0 0 0 rg BT 137.69 118.00 Td (us ) Tj ET Q q 0 0 0 rg BT 147.75 118.00 Td (to ) Tj ET Q q 0 0 0 rg BT 156.80 118.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 186.85 118.00 Td (for ) Tj ET Q q 0 0 0 rg BT 199.40 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 212.45 118.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 243.00 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.55 118.00 Td (or ) Tj ET Q q 0 0 0 rg BT 262.10 118.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 301.65 118.00 Td (caused ) Tj ET Q q 0 0 0 rg BT 328.20 118.00 Td (by ) Tj ET Q q 0 0 0 rg BT 339.25 118.00 Td (others, ) Tj ET Q q 0 0 0 rg BT 365.55 118.00 Td (or ) Tj ET Q q 0 0 0 rg BT 375.10 118.00 Td (for ) Tj ET Q q 0 0 0 rg BT 387.65 118.00 Td (acts ) Tj ET Q q 0 0 0 rg BT 403.70 118.00 Td (that ) Tj ET Q q 0 0 0 rg BT 419.25 118.00 Td (were ) Tj ET Q q 0 0 0 rg BT 438.79 118.00 Td (in ) Tj ET Q q 0 0 0 rg BT 447.84 118.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 491.38 118.00 Td (with ) Tj ET Q q 0 0 0 rg BT 509.43 118.00 Td (all ) Tj ET Q q 0 0 0 rg BT 520.48 118.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 559.52 118.00 Td (laws ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 107.20 Td (at ) Tj ET Q q 0 0 0 rg BT 44.89 107.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.29 107.20 Td (time ) Tj ET Q q 0 0 0 rg BT 76.68 107.20 Td (when ) Tj ET Q q 0 0 0 rg BT 98.57 107.20 Td (such ) Tj ET Q q 0 0 0 rg BT 117.46 107.20 Td (acts ) Tj ET Q q 0 0 0 rg BT 133.85 107.20 Td (were ) Tj ET Q q 0 0 0 rg BT 153.74 107.20 Td (performed. ) Tj ET Q q 0 0 0 rg BT 195.69 107.20 Td (The ) Tj ET Q q 0 0 0 rg BT 212.08 107.20 Td (application ) Tj ET Q q 0 0 0 rg BT 254.47 107.20 Td (of ) Tj ET Q q 0 0 0 rg BT 264.36 107.20 Td (these ) Tj ET Q q 0 0 0 rg BT 285.25 107.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 334.63 107.20 Td (or ) Tj ET Q q 0 0 0 rg BT 344.52 107.20 Td (the ) Tj ET Q q 0 0 0 rg BT 357.92 107.20 Td (adoption ) Tj ET Q q 0 0 0 rg BT 391.81 107.20 Td (of ) Tj ET Q q 0 0 0 rg BT 401.70 107.20 Td (new ) Tj ET Q q 0 0 0 rg BT 419.10 107.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 468.48 107.20 Td (could ) Tj ET Q q 0 0 0 rg BT 490.87 107.20 Td (have ) Tj ET Q q 0 0 0 rg BT 510.25 107.20 Td (a ) Tj ET Q q 0 0 0 rg BT 516.65 107.20 Td (material ) Tj ET Q q 0 0 0 rg BT 548.53 107.20 Td (adverse ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 96.40 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 96.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 58.57 96.40 Td (on ) Tj ET Q q 0 0 0 rg BT 69.82 96.40 Td (our ) Tj ET Q q 0 0 0 rg BT 84.06 96.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.80 96.40 Td (position, ) Tj ET Q q 0 0 0 rg BT 151.30 96.40 Td (results ) Tj ET Q q 0 0 0 rg BT 177.05 96.40 Td (of ) Tj ET Q q 0 0 0 rg BT 186.79 96.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 226.53 96.40 Td (or ) Tj ET Q q 0 0 0 rg BT 236.28 96.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.52 96.40 Td (flows.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 68.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 68.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.58 68.80 Td (are ) Tj ET Q q 0 0 0 rg BT 63.83 68.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.07 68.80 Td (to ) Tj ET Q q 0 0 0 rg BT 101.32 68.80 Td (complex ) Tj ET Q q 0 0 0 rg BT 134.56 68.80 Td (environmental ) Tj ET Q q 0 0 0 rg BT 190.82 68.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 209.58 68.80 Td (and ) Tj ET Q q 0 0 0 rg BT 225.83 68.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 270.09 68.80 Td (that ) Tj ET Q q 0 0 0 rg BT 286.85 68.80 Td (can ) Tj ET Q q 0 0 0 rg BT 302.60 68.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 339.33 68.80 Td (af) Tj ET Q q 0 0 0 rg BT 346.67 68.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 362.40 68.80 Td (the ) Tj ET Q q 0 0 0 rg BT 376.15 68.80 Td (cost, ) Tj ET Q q 0 0 0 rg BT 395.15 68.80 Td (manner ) Tj ET Q q 0 0 0 rg BT 426.41 68.80 Td (or ) Tj ET Q q 0 0 0 rg BT 436.66 68.80 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 474.90 68.80 Td (of ) Tj ET Q q 0 0 0 rg BT 484.65 68.80 Td (doing ) Tj ET Q q 0 0 0 rg BT 507.91 68.80 Td (business.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 55.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.57 55.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 92.63 55.00 Td (are ) Tj ET Q q 0 0 0 rg BT 106.19 55.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 134.25 55.00 Td (to ) Tj ET Q q 0 0 0 rg BT 143.82 55.00 Td (numerous ) Tj ET Q q 0 0 0 rg BT 181.89 55.00 Td (international, ) Tj ET Q q 0 0 0 rg BT 232.19 55.00 Td (national, ) Tj ET Q q 0 0 0 rg BT 266.00 55.00 Td (state ) Tj ET Q q 0 0 0 rg BT 285.06 55.00 Td (and ) Tj ET Q q 0 0 0 rg BT 300.63 55.00 Td (local ) Tj ET Q q 0 0 0 rg BT 320.69 55.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 339.76 55.00 Td (and ) Tj ET Q q 0 0 0 rg BT 355.32 55.00 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 400.14 55.00 Td (treaties ) Tj ET Q q 0 0 0 rg BT 428.69 55.00 Td (and ) Tj ET Q q 0 0 0 rg BT 444.26 55.00 Td (conventions ) Tj ET Q q 0 0 0 rg BT 490.32 55.00 Td (in ) Tj ET Q q 0 0 0 rg BT 499.89 55.00 Td (force ) Tj ET Q q 0 0 0 rg BT 520.95 55.00 Td (in ) Tj ET Q q 0 0 0 rg BT 530.52 55.00 Td (international ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 44.20 Td (waters ) Tj ET Q q 0 0 0 rg BT 61.19 44.20 Td (and ) Tj ET Q q 0 0 0 rg BT 75.88 44.20 Td (the ) Tj ET Q q 0 0 0 rg BT 88.58 44.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 134.78 44.20 Td (in ) Tj ET Q q 0 0 0 rg BT 143.48 44.20 Td (which ) Tj ET Q q 0 0 0 rg BT 167.17 44.20 Td (our ) Tj ET Q q 0 0 0 rg BT 180.87 44.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 209.07 44.20 Td (units ) Tj ET Q q 0 0 0 rg BT 228.27 44.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 256.45 44.20 Td (or ) Tj ET Q q 0 0 0 rg BT 265.65 44.20 Td (are ) Tj ET Q q 0 0 0 rg BT 278.33 44.20 Td (registered, ) Tj ET Q q 0 0 0 rg BT 317.76 44.20 Td (which ) Tj ET Q q 0 0 0 rg BT 341.46 44.20 Td (can ) Tj ET Q q 0 0 0 rg BT 355.65 44.20 Td (significantly ) Tj ET Q q 0 0 0 rg BT 402.34 44.20 Td (af) Tj ET Q q 0 0 0 rg BT 409.17 44.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 424.35 44.20 Td (the ) Tj ET Q q 0 0 0 rg BT 437.05 44.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 476.24 44.20 Td (and ) Tj ET Q q 0 0 0 rg BT 490.94 44.20 Td (operation ) Tj ET Q q 0 0 0 rg BT 526.62 44.20 Td (of ) Tj ET Q q 0 0 0 rg BT 535.82 44.20 Td (our ) Tj ET Q q 0 0 0 rg BT 549.52 44.20 Td (drilling ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (units. ) Tj ET Q q 0 0 0 rg BT 58.04 749.80 Td (These ) Tj ET Q q 0 0 0 rg BT 81.99 749.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 131.44 749.80 Td (include, ) Tj ET Q q 0 0 0 rg BT 162.64 749.80 Td (but ) Tj ET Q q 0 0 0 rg BT 176.61 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 190.06 749.80 Td (not ) Tj ET Q q 0 0 0 rg BT 204.02 749.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 231.99 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 241.45 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.91 749.80 Td (United ) Tj ET Q q 0 0 0 rg BT 281.87 749.80 Td (Nation's ) Tj ET Q q 0 0 0 rg BT 313.95 749.80 Td (International ) Tj ET Q q 0 0 0 rg BT 362.40 749.80 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 398.35 749.80 Td (Or) Tj ET Q q 0 0 0 rg BT 407.69 749.80 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 449.89 749.80 Td (IMO, ) Tj ET Q q 0 0 0 rg BT 472.10 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 485.56 749.80 Td (International ) Tj ET Q q 0 0 0 rg BT 534.00 749.80 Td (Convention ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (for ) Tj ET Q q 0 0 0 rg BT 48.75 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 62.00 739.00 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 103.25 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 113.00 739.00 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 148.26 739.00 Td (from ) Tj ET Q q 0 0 0 rg BT 168.01 739.00 Td (Ships ) Tj ET Q q 0 0 0 rg BT 190.27 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 200.02 739.00 Td (1973, ) Tj ET Q q 0 0 0 rg BT 222.53 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 232.28 739.00 Td (from ) Tj ET Q q 0 0 0 rg BT 252.03 739.00 Td (time ) Tj ET Q q 0 0 0 rg BT 270.28 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 279.53 739.00 Td (time ) Tj ET Q q 0 0 0 rg BT 297.78 739.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 332.52 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 347.77 739.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 383.51 739.00 Td (referred ) Tj ET Q q 0 0 0 rg BT 414.23 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.49 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 433.24 739.00 Td (MARPOL, ) Tj ET Q q 0 0 0 rg BT 475.25 739.00 Td (including ) Tj ET Q q 0 0 0 rg BT 511.50 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 739.00 Td (designation ) Tj ET Q q 0 0 0 rg BT 568.50 739.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (Emission ) Tj ET Q q 0 0 0 rg BT 71.85 728.20 Td (Control ) Tj ET Q q 0 0 0 rg BT 101.19 728.20 Td (Areas, ) Tj ET Q q 0 0 0 rg BT 126.78 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 136.63 728.20 Td (ECAs ) Tj ET Q q 0 0 0 rg BT 160.48 728.20 Td (thereunder) Tj ET Q q 0 0 0 rg BT 198.60 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 203.20 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 216.54 728.20 Td (IMO ) Tj ET Q q 0 0 0 rg BT 236.39 728.20 Td (International ) Tj ET Q q 0 0 0 rg BT 284.73 728.20 Td (Convention ) Tj ET Q q 0 0 0 rg BT 329.08 728.20 Td (on ) Tj ET Q q 0 0 0 rg BT 340.43 728.20 Td (Civil ) Tj ET Q q 0 0 0 rg BT 360.78 728.20 Td (Liability ) Tj ET Q q 0 0 0 rg BT 394.13 728.20 Td (for ) Tj ET Q q 0 0 0 rg BT 406.97 728.20 Td (Oil ) Tj ET Q q 0 0 0 rg BT 420.82 728.20 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 456.18 728.20 Td (Damage ) Tj ET Q q 0 0 0 rg BT 488.52 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 498.37 728.20 Td (1969, ) Tj ET Q q 0 0 0 rg BT 520.97 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 530.81 728.20 Td (from ) Tj ET Q q 0 0 0 rg BT 550.66 728.20 Td (time ) Tj ET Q q 0 0 0 rg BT 569.01 728.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (time ) Tj ET Q q 0 0 0 rg BT 55.17 717.40 Td (amended ) Tj ET Q q 0 0 0 rg BT 90.83 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 106.99 717.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 143.65 717.40 Td (referred ) Tj ET Q q 0 0 0 rg BT 175.29 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 185.47 717.40 Td (as ) Tj ET Q q 0 0 0 rg BT 196.14 717.40 Td (CLC, ) Tj ET Q q 0 0 0 rg BT 219.06 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.23 717.40 Td (International ) Tj ET Q q 0 0 0 rg BT 282.38 717.40 Td (Convention ) Tj ET Q q 0 0 0 rg BT 327.56 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 339.73 717.40 Td (Civil ) Tj ET Q q 0 0 0 rg BT 360.91 717.40 Td (Liability ) Tj ET Q q 0 0 0 rg BT 395.07 717.40 Td (for ) Tj ET Q q 0 0 0 rg BT 408.74 717.40 Td (Bunker ) Tj ET Q q 0 0 0 rg BT 438.41 717.40 Td (Oil ) Tj ET Q q 0 0 0 rg BT 453.08 717.40 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 489.26 717.40 Td (Damage, ) Tj ET Q q 0 0 0 rg BT 524.67 717.40 Td (or ) Tj ET Q q 0 0 0 rg BT 535.34 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 549.51 717.40 Td (Bunker ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (Convention, ) Tj ET Q q 0 0 0 rg BT 82.53 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.82 706.60 Td (International ) Tj ET Q q 0 0 0 rg BT 144.08 706.60 Td (Convention ) Tj ET Q q 0 0 0 rg BT 188.37 706.60 Td (for ) Tj ET Q q 0 0 0 rg BT 201.15 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.43 706.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 239.71 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.49 706.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 266.77 706.60 Td (at ) Tj ET Q q 0 0 0 rg BT 275.55 706.60 Td (Sea ) Tj ET Q q 0 0 0 rg BT 290.83 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.61 706.60 Td (1974 ) Tj ET Q q 0 0 0 rg BT 320.90 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 330.68 706.60 Td (from ) Tj ET Q q 0 0 0 rg BT 350.46 706.60 Td (time ) Tj ET Q q 0 0 0 rg BT 368.74 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 378.03 706.60 Td (time ) Tj ET Q q 0 0 0 rg BT 396.31 706.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 431.08 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 446.36 706.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 482.13 706.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 512.89 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 522.18 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 531.96 706.60 Td (SOLAS, ) Tj ET Q q 0 0 0 rg BT 565.00 706.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (International ) Tj ET Q q 0 0 0 rg BT 84.24 695.80 Td (Safety ) Tj ET Q q 0 0 0 rg BT 109.48 695.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 158.72 695.80 Td (Code ) Tj ET Q q 0 0 0 rg BT 179.97 695.80 Td (for ) Tj ET Q q 0 0 0 rg BT 192.72 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 205.97 695.80 Td (Safe ) Tj ET Q q 0 0 0 rg BT 224.22 695.80 Td (Operation ) Tj ET Q q 0 0 0 rg BT 262.46 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 272.21 695.80 Td (Ships ) Tj ET Q q 0 0 0 rg BT 294.48 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 309.73 695.80 Td (for ) Tj ET Q q 0 0 0 rg BT 322.48 695.80 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 357.74 695.80 Td (Prevention, ) Tj ET Q q 0 0 0 rg BT 401.24 695.80 Td (or ) Tj ET Q q 0 0 0 rg BT 410.99 695.80 Td (ISM ) Tj ET Q q 0 0 0 rg BT 429.25 695.80 Td (Code, ) Tj ET Q q 0 0 0 rg BT 452.75 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 466.00 695.80 Td (IMO ) Tj ET Q q 0 0 0 rg BT 485.76 695.80 Td (International ) Tj ET Q q 0 0 0 rg BT 533.99 695.80 Td (Convention ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (on ) Tj ET Q q 0 0 0 rg BT 48.03 685.00 Td (Load ) Tj ET Q q 0 0 0 rg BT 69.56 685.00 Td (Lines ) Tj ET Q q 0 0 0 rg BT 92.58 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 102.62 685.00 Td (1966, ) Tj ET Q q 0 0 0 rg BT 125.90 685.00 Td (as ) Tj ET Q q 0 0 0 rg BT 136.43 685.00 Td (from ) Tj ET Q q 0 0 0 rg BT 156.96 685.00 Td (time ) Tj ET Q q 0 0 0 rg BT 175.98 685.00 Td (to ) Tj ET Q q 0 0 0 rg BT 186.02 685.00 Td (time ) Tj ET Q q 0 0 0 rg BT 205.04 685.00 Td (amended, ) Tj ET Q q 0 0 0 rg BT 242.81 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 256.84 685.00 Td (International ) Tj ET Q q 0 0 0 rg BT 305.85 685.00 Td (Convention ) Tj ET Q q 0 0 0 rg BT 350.88 685.00 Td (for ) Tj ET Q q 0 0 0 rg BT 364.41 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.44 685.00 Td (Control ) Tj ET Q q 0 0 0 rg BT 408.97 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 425.00 685.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 475.01 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 485.54 685.00 Td (Ships) Tj ET Q q 0 0 0 rg BT 507.88 685.00 Td ( ) Tj ET Q q 0 0 0 rg BT 510.91 685.00 Td (Ballast ) Tj ET Q q 0 0 0 rg BT 538.72 685.00 Td (W) Tj ET Q q 0 0 0 rg BT 546.49 685.00 Td (ater ) Tj ET Q q 0 0 0 rg BT 563.01 685.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (Sediments ) Tj ET Q q 0 0 0 rg BT 75.28 674.20 Td (in ) Tj ET Q q 0 0 0 rg BT 84.06 674.20 Td (February ) Tj ET Q q 0 0 0 rg BT 118.32 674.20 Td (2004, ) Tj ET Q q 0 0 0 rg BT 140.35 674.20 Td (or ) Tj ET Q q 0 0 0 rg BT 149.63 674.20 Td (the ) Tj ET Q q 0 0 0 rg BT 162.40 674.20 Td (BWM ) Tj ET Q q 0 0 0 rg BT 186.68 674.20 Td (Convention, ) Tj ET Q q 0 0 0 rg BT 232.71 674.20 Td (and ) Tj ET Q q 0 0 0 rg BT 247.48 674.20 Td ( ) Tj ET Q q 0 0 0 rg BT 249.26 674.20 Td (European ) Tj ET Q q 0 0 0 rg BT 285.52 674.20 Td (Union, ) Tj ET Q q 0 0 0 rg BT 312.05 674.20 Td (or ) Tj ET Q q 0 0 0 rg BT 321.33 674.20 Td (EU, ) Tj ET Q q 0 0 0 rg BT 337.35 674.20 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 381.37 674.20 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 426.64 674.20 Td (with ) Tj ET Q q 0 0 0 rg BT 444.42 674.20 Td (such ) Tj ET Q q 0 0 0 rg BT 462.70 674.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 483.22 674.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 524.99 674.20 Td (and ) Tj ET Q q 0 0 0 rg BT 539.76 674.20 Td (standards, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 663.40 Td (where ) Tj ET Q q 0 0 0 rg BT 59.52 663.40 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 100.27 663.40 Td (may ) Tj ET Q q 0 0 0 rg BT 117.30 663.40 Td (require ) Tj ET Q q 0 0 0 rg BT 144.31 663.40 Td (installation ) Tj ET Q q 0 0 0 rg BT 185.84 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 194.86 663.40 Td (costly ) Tj ET Q q 0 0 0 rg BT 217.89 663.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 257.41 663.40 Td (or ) Tj ET Q q 0 0 0 rg BT 266.44 663.40 Td (implementation ) Tj ET Q q 0 0 0 rg BT 324.45 663.40 Td (of ) Tj ET Q q 0 0 0 rg BT 333.48 663.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 375.49 663.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 406.01 663.40 Td (and ) Tj ET Q q 0 0 0 rg BT 420.53 663.40 Td (may ) Tj ET Q q 0 0 0 rg BT 437.55 663.40 Td (af) Tj ET Q q 0 0 0 rg BT 444.38 663.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.40 663.40 Td (the ) Tj ET Q q 0 0 0 rg BT 471.92 663.40 Td (resale ) Tj ET Q q 0 0 0 rg BT 494.44 663.40 Td (value ) Tj ET Q q 0 0 0 rg BT 515.46 663.40 Td (or ) Tj ET Q q 0 0 0 rg BT 524.48 663.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 548.01 663.40 Td (lifetime ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 652.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.43 652.60 Td (our ) Tj ET Q q 0 0 0 rg BT 59.36 652.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 87.79 652.60 Td (units. ) Tj ET Q q 0 0 0 rg BT 109.34 652.60 Td (These ) Tj ET Q q 0 0 0 rg BT 132.76 652.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 152.69 652.60 Td (could ) Tj ET Q q 0 0 0 rg BT 174.62 652.60 Td (have ) Tj ET Q q 0 0 0 rg BT 193.54 652.60 Td (a ) Tj ET Q q 0 0 0 rg BT 199.47 652.60 Td (material ) Tj ET Q q 0 0 0 rg BT 230.88 652.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 260.30 652.60 Td (ef) Tj ET Q q 0 0 0 rg BT 267.13 652.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 282.55 652.60 Td (on ) Tj ET Q q 0 0 0 rg BT 293.48 652.60 Td (our ) Tj ET Q q 0 0 0 rg BT 307.41 652.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 342.10 652.60 Td (results ) Tj ET Q q 0 0 0 rg BT 367.53 652.60 Td (of ) Tj ET Q q 0 0 0 rg BT 376.96 652.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 418.63 652.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.55 652.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 458.48 652.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.41 652.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.83 652.60 Td (condition. ) Tj ET Q q 0 0 0 rg BT 544.58 652.60 Td (A) Tj ET Q q 0 0 0 rg BT 550.58 652.60 Td ( ) Tj ET Q q 0 0 0 rg BT 552.51 652.60 Td (failure ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 641.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.30 641.80 Td (comply ) Tj ET Q q 0 0 0 rg BT 74.60 641.80 Td (with ) Tj ET Q q 0 0 0 rg BT 92.91 641.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 132.19 641.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 150.99 641.80 Td (and ) Tj ET Q q 0 0 0 rg BT 166.29 641.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 208.58 641.80 Td (may ) Tj ET Q q 0 0 0 rg BT 226.38 641.80 Td (result ) Tj ET Q q 0 0 0 rg BT 248.68 641.80 Td (in ) Tj ET Q q 0 0 0 rg BT 257.99 641.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 311.78 641.80 Td (and ) Tj ET Q q 0 0 0 rg BT 327.07 641.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 345.37 641.80 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 381.92 641.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 414.21 641.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 450.01 641.80 Td (or ) Tj ET Q q 0 0 0 rg BT 459.81 641.80 Td (the ) Tj ET Q q 0 0 0 rg BT 473.11 641.80 Td (suspension ) Tj ET Q q 0 0 0 rg BT 514.91 641.80 Td (or ) Tj ET Q q 0 0 0 rg BT 524.71 641.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 568.51 641.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 631.00 Td (our ) Tj ET Q q 0 0 0 rg BT 50.44 631.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 92.61 631.00 Td (Because ) Tj ET Q q 0 0 0 rg BT 125.04 631.00 Td (such ) Tj ET Q q 0 0 0 rg BT 143.97 631.00 Td (conventions, ) Tj ET Q q 0 0 0 rg BT 192.16 631.00 Td (laws, ) Tj ET Q q 0 0 0 rg BT 213.34 631.00 Td (and ) Tj ET Q q 0 0 0 rg BT 228.77 631.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 271.20 631.00 Td (are ) Tj ET Q q 0 0 0 rg BT 284.63 631.00 Td (often ) Tj ET Q q 0 0 0 rg BT 305.56 631.00 Td (revised, ) Tj ET Q q 0 0 0 rg BT 336.24 631.00 Td (we ) Tj ET Q q 0 0 0 rg BT 349.17 631.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 375.60 631.00 Td (predict ) Tj ET Q q 0 0 0 rg BT 403.03 631.00 Td (the ) Tj ET Q q 0 0 0 rg BT 416.46 631.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 448.39 631.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 465.33 631.00 Td (of ) Tj ET Q q 0 0 0 rg BT 475.26 631.00 Td (complying ) Tj ET Q q 0 0 0 rg BT 516.20 631.00 Td (with ) Tj ET Q q 0 0 0 rg BT 534.64 631.00 Td (them ) Tj ET Q q 0 0 0 rg BT 555.07 631.00 Td (or ) Tj ET Q q 0 0 0 rg BT 565.01 631.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 620.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 62.41 620.20 Td (thereof ) Tj ET Q q 0 0 0 rg BT 89.81 620.20 Td (on ) Tj ET Q q 0 0 0 rg BT 100.73 620.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.65 620.20 Td (resale ) Tj ET Q q 0 0 0 rg BT 136.55 620.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 159.96 620.20 Td (or ) Tj ET Q q 0 0 0 rg BT 169.38 620.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 193.29 620.20 Td (lives ) Tj ET Q q 0 0 0 rg BT 212.21 620.20 Td (of ) Tj ET Q q 0 0 0 rg BT 221.62 620.20 Td (our ) Tj ET Q q 0 0 0 rg BT 235.54 620.20 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 252.79 620.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 293.20 620.20 Td (conventions, ) Tj ET Q q 0 0 0 rg BT 340.86 620.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 359.28 620.20 Td (and ) Tj ET Q q 0 0 0 rg BT 374.19 620.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 416.10 620.20 Td (may ) Tj ET Q q 0 0 0 rg BT 433.52 620.20 Td (be ) Tj ET Q q 0 0 0 rg BT 443.93 620.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 474.34 620.20 Td (which ) Tj ET Q q 0 0 0 rg BT 498.26 620.20 Td (could ) Tj ET Q q 0 0 0 rg BT 520.17 620.20 Td (limit ) Tj ET Q q 0 0 0 rg BT 539.09 620.20 Td (our ) Tj ET Q q 0 0 0 rg BT 553.01 620.20 Td (ability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 609.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 609.40 Td (do ) Tj ET Q q 0 0 0 rg BT 56.50 609.40 Td (business ) Tj ET Q q 0 0 0 rg BT 89.25 609.40 Td (or ) Tj ET Q q 0 0 0 rg BT 99.00 609.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 130.73 609.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.97 609.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 160.72 609.40 Td (of ) Tj ET Q q 0 0 0 rg BT 170.47 609.40 Td (our ) Tj ET Q q 0 0 0 rg BT 184.72 609.40 Td (doing ) Tj ET Q q 0 0 0 rg BT 207.47 609.40 Td (business ) Tj ET Q q 0 0 0 rg BT 240.22 609.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.46 609.40 Td (which ) Tj ET Q q 0 0 0 rg BT 279.71 609.40 Td (may ) Tj ET Q q 0 0 0 rg BT 297.45 609.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 336.19 609.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 372.92 609.40 Td (af) Tj ET Q q 0 0 0 rg BT 379.75 609.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 395.49 609.40 Td (our ) Tj ET Q q 0 0 0 rg BT 409.73 609.40 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 581.80 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 91.32 581.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 109.65 581.80 Td (often ) Tj ET Q q 0 0 0 rg BT 129.98 581.80 Td (impose ) Tj ET Q q 0 0 0 rg BT 157.82 581.80 Td (strict ) Tj ET Q q 0 0 0 rg BT 177.65 581.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 207.48 581.80 Td (for ) Tj ET Q q 0 0 0 rg BT 219.81 581.80 Td (remediation ) Tj ET Q q 0 0 0 rg BT 264.63 581.80 Td (of ) Tj ET Q q 0 0 0 rg BT 273.96 581.80 Td (spills ) Tj ET Q q 0 0 0 rg BT 294.81 581.80 Td (and ) Tj ET Q q 0 0 0 rg BT 309.64 581.80 Td (releases ) Tj ET Q q 0 0 0 rg BT 339.95 581.80 Td (of ) Tj ET Q q 0 0 0 rg BT 349.29 581.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 360.62 581.80 Td (and ) Tj ET Q q 0 0 0 rg BT 375.45 581.80 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 413.77 581.80 Td (substances, ) Tj ET Q q 0 0 0 rg BT 456.35 581.80 Td (which ) Tj ET Q q 0 0 0 rg BT 480.18 581.80 Td (could ) Tj ET Q q 0 0 0 rg BT 502.01 581.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 529.34 581.80 Td (us ) Tj ET Q q 0 0 0 rg BT 539.18 581.80 Td (to ) Tj ET Q q 0 0 0 rg BT 548.02 581.80 Td (liability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 571.00 Td (without ) Tj ET Q q 0 0 0 rg BT 65.64 571.00 Td (regard ) Tj ET Q q 0 0 0 rg BT 90.76 571.00 Td (to ) Tj ET Q q 0 0 0 rg BT 99.90 571.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 131.03 571.00 Td (we ) Tj ET Q q 0 0 0 rg BT 143.66 571.00 Td (were ) Tj ET Q q 0 0 0 rg BT 163.29 571.00 Td (negligent ) Tj ET Q q 0 0 0 rg BT 198.92 571.00 Td (or ) Tj ET Q q 0 0 0 rg BT 208.55 571.00 Td (at ) Tj ET Q q 0 0 0 rg BT 217.19 571.00 Td (fault. ) Tj ET Q q 0 0 0 rg BT 238.07 571.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 287.44 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 300.58 571.00 Td (2010 ) Tj ET Q q 0 0 0 rg BT 320.72 571.00 Td (explosion ) Tj ET Q q 0 0 0 rg BT 357.85 571.00 Td (of ) Tj ET Q q 0 0 0 rg BT 367.49 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.63 571.00 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 421.74 571.00 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 453.37 571.00 Td (well ) Tj ET Q q 0 0 0 rg BT 471.00 571.00 Td (and ) Tj ET Q q 0 0 0 rg BT 486.14 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.27 571.00 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 541.41 571.00 Td (release ) Tj ET Q q 0 0 0 rg BT 568.52 571.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 48.22 560.20 Td (into ) Tj ET Q q 0 0 0 rg BT 64.93 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 78.64 560.20 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 97.85 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 108.07 560.20 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 140.52 560.20 Td (or ) Tj ET Q q 0 0 0 rg BT 150.73 560.20 Td (other ) Tj ET Q q 0 0 0 rg BT 171.94 560.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 199.65 560.20 Td (events, ) Tj ET Q q 0 0 0 rg BT 227.61 560.20 Td (may ) Tj ET Q q 0 0 0 rg BT 245.82 560.20 Td (result ) Tj ET Q q 0 0 0 rg BT 268.53 560.20 Td (in ) Tj ET Q q 0 0 0 rg BT 278.24 560.20 Td (further ) Tj ET Q q 0 0 0 rg BT 305.45 560.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 344.65 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 354.86 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 368.57 560.20 Td (shipping ) Tj ET Q q 0 0 0 rg BT 402.29 560.20 Td (industry) Tj ET Q q 0 0 0 rg BT 431.20 560.20 Td (, ) Tj ET Q q 0 0 0 rg BT 436.17 560.20 Td (and ) Tj ET Q q 0 0 0 rg BT 451.88 560.20 Td (modifications ) Tj ET Q q 0 0 0 rg BT 504.08 560.20 Td (to ) Tj ET Q q 0 0 0 rg BT 513.80 560.20 Td (statutory ) Tj ET Q q 0 0 0 rg BT 548.01 560.20 Td (liability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 549.40 Td (schemes, ) Tj ET Q q 0 0 0 rg BT 70.99 549.40 Td (thus ) Tj ET Q q 0 0 0 rg BT 88.24 549.40 Td (exposing ) Tj ET Q q 0 0 0 rg BT 122.99 549.40 Td (us ) Tj ET Q q 0 0 0 rg BT 133.24 549.40 Td (to ) Tj ET Q q 0 0 0 rg BT 142.49 549.40 Td (further ) Tj ET Q q 0 0 0 rg BT 169.23 549.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 202.97 549.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 236.70 549.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 252.45 549.40 Td (in ) Tj ET Q q 0 0 0 rg BT 261.70 549.40 Td (the ) Tj ET Q q 0 0 0 rg BT 274.95 549.40 Td (event ) Tj ET Q q 0 0 0 rg BT 296.69 549.40 Td (of ) Tj ET Q q 0 0 0 rg BT 306.44 549.40 Td (any ) Tj ET Q q 0 0 0 rg BT 321.68 549.40 Td (such ) Tj ET Q q 0 0 0 rg BT 340.43 549.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 352.18 549.40 Td (or ) Tj ET Q q 0 0 0 rg BT 361.92 549.40 Td (chemical ) Tj ET Q q 0 0 0 rg BT 396.65 549.40 Td (spill ) Tj ET Q q 0 0 0 rg BT 414.41 549.40 Td (in ) Tj ET Q q 0 0 0 rg BT 423.66 549.40 Td (the ) Tj ET Q q 0 0 0 rg BT 436.90 549.40 Td (future.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 521.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 521.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.92 521.80 Td (are ) Tj ET Q q 0 0 0 rg BT 65.06 521.80 Td (required ) Tj ET Q q 0 0 0 rg BT 98.20 521.80 Td (by ) Tj ET Q q 0 0 0 rg BT 110.36 521.80 Td (various ) Tj ET Q q 0 0 0 rg BT 140.00 521.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 192.64 521.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.79 521.80 Td (quasi-governmental ) Tj ET Q q 0 0 0 rg BT 283.42 521.80 Td (agencies ) Tj ET Q q 0 0 0 rg BT 317.56 521.80 Td (to ) Tj ET Q q 0 0 0 rg BT 327.71 521.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 353.36 521.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 381.00 521.80 Td (permits, ) Tj ET Q q 0 0 0 rg BT 413.40 521.80 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 447.29 521.80 Td (and ) Tj ET Q q 0 0 0 rg BT 463.44 521.80 Td (certificates ) Tj ET Q q 0 0 0 rg BT 506.07 521.80 Td (with ) Tj ET Q q 0 0 0 rg BT 525.22 521.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 553.86 521.80 Td (to ) Tj ET Q q 0 0 0 rg BT 564.02 521.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 78.00 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 93.25 511.00 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 119.01 511.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 155.75 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 171.00 511.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.74 511.00 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 256.00 511.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 305.24 511.00 Td (for ) Tj ET Q q 0 0 0 rg BT 317.99 511.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 351.74 511.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 363.50 511.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 402.75 511.00 Td (marine ) Tj ET Q q 0 0 0 rg BT 429.99 511.00 Td (fuel\) ) Tj ET Q q 0 0 0 rg BT 449.24 511.00 Td (spills ) Tj ET Q q 0 0 0 rg BT 470.50 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 485.76 511.00 Td (other ) Tj ET Q q 0 0 0 rg BT 506.51 511.00 Td (pollution ) Tj ET Q q 0 0 0 rg BT 541.27 511.00 Td (incidents. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 72.18 500.20 Td (we ) Tj ET Q q 0 0 0 rg BT 84.85 500.20 Td (have ) Tj ET Q q 0 0 0 rg BT 104.02 500.20 Td (arranged ) Tj ET Q q 0 0 0 rg BT 137.68 500.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 174.34 500.20 Td (to ) Tj ET Q q 0 0 0 rg BT 183.52 500.20 Td (cover ) Tj ET Q q 0 0 0 rg BT 205.69 500.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 232.35 500.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 286.51 500.20 Td (risks, ) Tj ET Q q 0 0 0 rg BT 307.95 500.20 Td (there ) Tj ET Q q 0 0 0 rg BT 328.11 500.20 Td (can ) Tj ET Q q 0 0 0 rg BT 342.78 500.20 Td (be ) Tj ET Q q 0 0 0 rg BT 353.46 500.20 Td (no ) Tj ET Q q 0 0 0 rg BT 364.64 500.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 401.80 500.20 Td (that ) Tj ET Q q 0 0 0 rg BT 417.47 500.20 Td (such ) Tj ET Q q 0 0 0 rg BT 436.15 500.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 472.81 500.20 Td (will ) Tj ET Q q 0 0 0 rg BT 488.99 500.20 Td (be ) Tj ET Q q 0 0 0 rg BT 499.67 500.20 Td (suf) Tj ET Q q 0 0 0 rg BT 510.50 500.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 535.67 500.20 Td (to ) Tj ET Q q 0 0 0 rg BT 544.85 500.20 Td (cover ) Tj ET Q q 0 0 0 rg BT 567.02 500.20 Td (all ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 489.40 Td (such ) Tj ET Q q 0 0 0 rg BT 54.46 489.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 73.42 489.40 Td (or ) Tj ET Q q 0 0 0 rg BT 82.88 489.40 Td (that ) Tj ET Q q 0 0 0 rg BT 98.34 489.40 Td (any ) Tj ET Q q 0 0 0 rg BT 113.30 489.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 138.75 489.40 Td (will ) Tj ET Q q 0 0 0 rg BT 154.72 489.40 Td (not ) Tj ET Q q 0 0 0 rg BT 168.18 489.40 Td (have ) Tj ET Q q 0 0 0 rg BT 187.13 489.40 Td (a ) Tj ET Q q 0 0 0 rg BT 193.09 489.40 Td (material ) Tj ET Q q 0 0 0 rg BT 224.53 489.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 253.98 489.40 Td (ef) Tj ET Q q 0 0 0 rg BT 260.81 489.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 276.26 489.40 Td (on ) Tj ET Q q 0 0 0 rg BT 287.22 489.40 Td (our ) Tj ET Q q 0 0 0 rg BT 301.18 489.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 335.90 489.40 Td (results ) Tj ET Q q 0 0 0 rg BT 361.36 489.40 Td (of ) Tj ET Q q 0 0 0 rg BT 370.81 489.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 412.52 489.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 430.47 489.40 Td (flows, ) Tj ET Q q 0 0 0 rg BT 454.68 489.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.13 489.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 524.09 489.40 Td (and ) Tj ET Q q 0 0 0 rg BT 539.04 489.40 Td (our ) Tj ET Q q 0 0 0 rg BT 553.00 489.40 Td (ability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 478.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 478.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 60.50 478.60 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 99.99 478.60 Td (if ) Tj ET Q q 0 0 0 rg BT 107.74 478.60 Td (any) Tj ET Q q 0 0 0 rg BT 120.15 478.60 Td (, ) Tj ET Q q 0 0 0 rg BT 124.65 478.60 Td (in ) Tj ET Q q 0 0 0 rg BT 133.90 478.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.15 478.60 Td (future. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 451.00 Td (Although ) Tj ET Q q 0 0 0 rg BT 71.98 451.00 Td (our ) Tj ET Q q 0 0 0 rg BT 85.96 451.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 114.44 451.00 Td (units ) Tj ET Q q 0 0 0 rg BT 133.92 451.00 Td (are ) Tj ET Q q 0 0 0 rg BT 146.89 451.00 Td (separately ) Tj ET Q q 0 0 0 rg BT 185.35 451.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 211.32 451.00 Td (by ) Tj ET Q q 0 0 0 rg BT 222.30 451.00 Td (our ) Tj ET Q q 0 0 0 rg BT 236.28 451.00 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 283.00 451.00 Td (under ) Tj ET Q q 0 0 0 rg BT 305.47 451.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 331.94 451.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 384.89 451.00 Td (a ) Tj ET Q q 0 0 0 rg BT 390.87 451.00 Td (parent ) Tj ET Q q 0 0 0 rg BT 415.33 451.00 Td (company ) Tj ET Q q 0 0 0 rg BT 450.30 451.00 Td (and ) Tj ET Q q 0 0 0 rg BT 465.28 451.00 Td (all ) Tj ET Q q 0 0 0 rg BT 476.25 451.00 Td (of ) Tj ET Q q 0 0 0 rg BT 485.73 451.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.71 451.00 Td (unit-owning ) Tj ET Q q 0 0 0 rg BT 544.68 451.00 Td (af) Tj ET Q q 0 0 0 rg BT 551.51 451.00 Td (filiates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 440.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.02 440.20 Td (a ) Tj ET Q q 0 0 0 rg BT 51.04 440.20 Td (group ) Tj ET Q q 0 0 0 rg BT 74.06 440.20 Td (under ) Tj ET Q q 0 0 0 rg BT 96.57 440.20 Td (common ) Tj ET Q q 0 0 0 rg BT 130.09 440.20 Td (control ) Tj ET Q q 0 0 0 rg BT 157.61 440.20 Td (engaged ) Tj ET Q q 0 0 0 rg BT 189.61 440.20 Td (in ) Tj ET Q q 0 0 0 rg BT 198.64 440.20 Td (a ) Tj ET Q q 0 0 0 rg BT 204.65 440.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 223.18 440.20 Td (venture ) Tj ET Q q 0 0 0 rg BT 252.19 440.20 Td (could ) Tj ET Q q 0 0 0 rg BT 274.20 440.20 Td (be ) Tj ET Q q 0 0 0 rg BT 284.72 440.20 Td (held ) Tj ET Q q 0 0 0 rg BT 302.24 440.20 Td (liable ) Tj ET Q q 0 0 0 rg BT 324.25 440.20 Td (for ) Tj ET Q q 0 0 0 rg BT 336.77 440.20 Td (damages ) Tj ET Q q 0 0 0 rg BT 370.28 440.20 Td (or ) Tj ET Q q 0 0 0 rg BT 379.80 440.20 Td (debts ) Tj ET Q q 0 0 0 rg BT 400.82 440.20 Td (owed ) Tj ET Q q 0 0 0 rg BT 422.33 440.20 Td (by ) Tj ET Q q 0 0 0 rg BT 433.36 440.20 Td (one ) Tj ET Q q 0 0 0 rg BT 448.37 440.20 Td (of ) Tj ET Q q 0 0 0 rg BT 457.89 440.20 Td (the ) Tj ET Q q 0 0 0 rg BT 470.91 440.20 Td (af) Tj ET Q q 0 0 0 rg BT 477.74 440.20 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 506.50 440.20 Td (including ) Tj ET Q q 0 0 0 rg BT 542.52 440.20 Td (liabilities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 429.40 Td (for ) Tj ET Q q 0 0 0 rg BT 49.43 429.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.87 429.40 Td (spills ) Tj ET Q q 0 0 0 rg BT 83.81 429.40 Td (under ) Tj ET Q q 0 0 0 rg BT 107.24 429.40 Td (environmental ) Tj ET Q q 0 0 0 rg BT 162.15 429.40 Td (laws. ) Tj ET Q q 0 0 0 rg BT 183.62 429.40 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 224.28 429.40 Td (it ) Tj ET Q q 0 0 0 rg BT 232.22 429.40 Td (is ) Tj ET Q q 0 0 0 rg BT 241.16 429.40 Td (possible ) Tj ET Q q 0 0 0 rg BT 273.59 429.40 Td (that ) Tj ET Q q 0 0 0 rg BT 290.02 429.40 Td (we ) Tj ET Q q 0 0 0 rg BT 303.45 429.40 Td (could ) Tj ET Q q 0 0 0 rg BT 326.39 429.40 Td (be ) Tj ET Q q 0 0 0 rg BT 337.82 429.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 366.24 429.40 Td (to ) Tj ET Q q 0 0 0 rg BT 376.18 429.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 407.11 429.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 428.05 429.40 Td (a ) Tj ET Q q 0 0 0 rg BT 434.98 429.40 Td (judgment ) Tj ET Q q 0 0 0 rg BT 471.91 429.40 Td (against ) Tj ET Q q 0 0 0 rg BT 500.34 429.40 Td (us ) Tj ET Q q 0 0 0 rg BT 511.28 429.40 Td (or ) Tj ET Q q 0 0 0 rg BT 521.71 429.40 Td (any ) Tj ET Q q 0 0 0 rg BT 537.64 429.40 Td (one ) Tj ET Q q 0 0 0 rg BT 553.57 429.40 Td (of ) Tj ET Q q 0 0 0 rg BT 564.00 429.40 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.60 Td (subsidiaries.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 391.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.31 391.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.13 391.00 Td (units ) Tj ET Q q 0 0 0 rg BT 100.95 391.00 Td (could ) Tj ET Q q 0 0 0 rg BT 123.26 391.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 145.56 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.88 391.00 Td (release ) Tj ET Q q 0 0 0 rg BT 186.17 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 195.99 391.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.80 391.00 Td (or ) Tj ET Q q 0 0 0 rg BT 217.62 391.00 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 256.42 391.00 Td (substances. ) Tj ET Q q 0 0 0 rg BT 298.97 391.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 316.78 391.00 Td (releases ) Tj ET Q q 0 0 0 rg BT 347.58 391.00 Td (may ) Tj ET Q q 0 0 0 rg BT 365.39 391.00 Td (be ) Tj ET Q q 0 0 0 rg BT 376.20 391.00 Td (lar) Tj ET Q q 0 0 0 rg BT 385.53 391.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 396.34 391.00 Td (in ) Tj ET Q q 0 0 0 rg BT 405.66 391.00 Td (quantity) Tj ET Q q 0 0 0 rg BT 434.57 391.00 Td (, ) Tj ET Q q 0 0 0 rg BT 439.14 391.00 Td (above ) Tj ET Q q 0 0 0 rg BT 462.95 391.00 Td (our ) Tj ET Q q 0 0 0 rg BT 477.26 391.00 Td (permitted ) Tj ET Q q 0 0 0 rg BT 514.07 391.00 Td (limits ) Tj ET Q q 0 0 0 rg BT 536.89 391.00 Td (or ) Tj ET Q q 0 0 0 rg BT 546.70 391.00 Td (occur ) Tj ET Q q 0 0 0 rg BT 569.00 391.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.20 Td (protected ) Tj ET Q q 0 0 0 rg BT 71.55 380.20 Td (or ) Tj ET Q q 0 0 0 rg BT 81.12 380.20 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 114.68 380.20 Td (areas ) Tj ET Q q 0 0 0 rg BT 135.24 380.20 Td (where ) Tj ET Q q 0 0 0 rg BT 159.29 380.20 Td (public ) Tj ET Q q 0 0 0 rg BT 183.86 380.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.42 380.20 Td (groups ) Tj ET Q q 0 0 0 rg BT 238.99 380.20 Td (or ) Tj ET Q q 0 0 0 rg BT 248.55 380.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 300.11 380.20 Td (authorities ) Tj ET Q q 0 0 0 rg BT 340.17 380.20 Td (have ) Tj ET Q q 0 0 0 rg BT 359.23 380.20 Td (special ) Tj ET Q q 0 0 0 rg BT 386.28 380.20 Td (interests. ) Tj ET Q q 0 0 0 rg BT 420.14 380.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 437.71 380.20 Td (releases ) Tj ET Q q 0 0 0 rg BT 468.26 380.20 Td (of ) Tj ET Q q 0 0 0 rg BT 477.83 380.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 489.40 380.20 Td (or ) Tj ET Q q 0 0 0 rg BT 498.96 380.20 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 537.52 380.20 Td (substances ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 369.40 Td (could ) Tj ET Q q 0 0 0 rg BT 58.07 369.40 Td (result ) Tj ET Q q 0 0 0 rg BT 80.13 369.40 Td (in ) Tj ET Q q 0 0 0 rg BT 89.21 369.40 Td (fines ) Tj ET Q q 0 0 0 rg BT 108.77 369.40 Td (and ) Tj ET Q q 0 0 0 rg BT 123.84 369.40 Td (other ) Tj ET Q q 0 0 0 rg BT 144.41 369.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.48 369.40 Td (to ) Tj ET Q q 0 0 0 rg BT 173.55 369.40 Td (us, ) Tj ET Q q 0 0 0 rg BT 185.88 369.40 Td (such ) Tj ET Q q 0 0 0 rg BT 204.44 369.40 Td (as ) Tj ET Q q 0 0 0 rg BT 214.01 369.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 234.09 369.40 Td (to ) Tj ET Q q 0 0 0 rg BT 243.16 369.40 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 274.22 369.40 Td (our ) Tj ET Q q 0 0 0 rg BT 288.29 369.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 316.86 369.40 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 334.68 369.40 Td (clean ) Tj ET Q q 0 0 0 rg BT 355.74 369.40 Td (up ) Tj ET Q q 0 0 0 rg BT 366.81 369.40 Td (the ) Tj ET Q q 0 0 0 rg BT 379.88 369.40 Td (releases, ) Tj ET Q q 0 0 0 rg BT 412.68 369.40 Td (and ) Tj ET Q q 0 0 0 rg BT 427.75 369.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 456.81 369.40 Td (with ) Tj ET Q q 0 0 0 rg BT 474.89 369.40 Td (more ) Tj ET Q q 0 0 0 rg BT 495.45 369.40 Td (stringent ) Tj ET Q q 0 0 0 rg BT 529.02 369.40 Td (requirements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 358.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.06 358.60 Td (our ) Tj ET Q q 0 0 0 rg BT 59.12 358.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 84.94 358.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 95.50 358.60 Td (permits. ) Tj ET Q q 0 0 0 rg BT 126.80 358.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 161.93 358.60 Td (, ) Tj ET Q q 0 0 0 rg BT 166.24 358.60 Td (these ) Tj ET Q q 0 0 0 rg BT 186.79 358.60 Td (releases ) Tj ET Q q 0 0 0 rg BT 217.33 358.60 Td (may ) Tj ET Q q 0 0 0 rg BT 234.88 358.60 Td (result ) Tj ET Q q 0 0 0 rg BT 256.94 358.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.99 358.60 Td (our ) Tj ET Q q 0 0 0 rg BT 280.05 358.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 318.60 358.60 Td (or ) Tj ET Q q 0 0 0 rg BT 328.16 358.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 379.70 358.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 419.75 358.60 Td (suspending ) Tj ET Q q 0 0 0 rg BT 462.31 358.60 Td (or ) Tj ET Q q 0 0 0 rg BT 471.86 358.60 Td (terminating ) Tj ET Q q 0 0 0 rg BT 515.41 358.60 Td (our ) Tj ET Q q 0 0 0 rg BT 529.47 358.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 569.02 358.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 347.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 347.80 Td (af) Tj ET Q q 0 0 0 rg BT 56.07 347.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 80.31 347.80 Td (area, ) Tj ET Q q 0 0 0 rg BT 99.79 347.80 Td (which ) Tj ET Q q 0 0 0 rg BT 124.03 347.80 Td (could ) Tj ET Q q 0 0 0 rg BT 146.28 347.80 Td (have ) Tj ET Q q 0 0 0 rg BT 165.52 347.80 Td (a ) Tj ET Q q 0 0 0 rg BT 171.76 347.80 Td (material ) Tj ET Q q 0 0 0 rg BT 203.49 347.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 233.23 347.80 Td (ef) Tj ET Q q 0 0 0 rg BT 240.06 347.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.79 347.80 Td (on ) Tj ET Q q 0 0 0 rg BT 267.04 347.80 Td (our ) Tj ET Q q 0 0 0 rg BT 281.29 347.80 Td (business, ) Tj ET Q q 0 0 0 rg BT 316.29 347.80 Td (results ) Tj ET Q q 0 0 0 rg BT 342.04 347.80 Td (of ) Tj ET Q q 0 0 0 rg BT 351.79 347.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 391.53 347.80 Td (and ) Tj ET Q q 0 0 0 rg BT 406.77 347.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 440.50 347.80 Td (condition.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.21 320.20 Td (we ) Tj ET Q q 0 0 0 rg BT 56.91 320.20 Td (are ) Tj ET Q q 0 0 0 rg BT 70.11 320.20 Td (able ) Tj ET Q q 0 0 0 rg BT 87.31 320.20 Td (to ) Tj ET Q q 0 0 0 rg BT 96.52 320.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 121.23 320.20 Td (from ) Tj ET Q q 0 0 0 rg BT 140.94 320.20 Td (our ) Tj ET Q q 0 0 0 rg BT 155.14 320.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 193.85 320.20 Td (some ) Tj ET Q q 0 0 0 rg BT 215.06 320.20 Td (degree ) Tj ET Q q 0 0 0 rg BT 241.25 320.20 Td (of ) Tj ET Q q 0 0 0 rg BT 250.96 320.20 Td (contractual ) Tj ET Q q 0 0 0 rg BT 293.15 320.20 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 352.34 320.20 Td (against ) Tj ET Q q 0 0 0 rg BT 380.04 320.20 Td (pollution ) Tj ET Q q 0 0 0 rg BT 414.76 320.20 Td (and ) Tj ET Q q 0 0 0 rg BT 429.96 320.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 484.16 320.20 Td (damages ) Tj ET Q q 0 0 0 rg BT 517.86 320.20 Td (in ) Tj ET Q q 0 0 0 rg BT 527.07 320.20 Td (our ) Tj ET Q q 0 0 0 rg BT 541.28 320.20 Td (contracts, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 309.40 Td (such ) Tj ET Q q 0 0 0 rg BT 54.52 309.40 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 113.53 309.40 Td (may ) Tj ET Q q 0 0 0 rg BT 131.06 309.40 Td (not ) Tj ET Q q 0 0 0 rg BT 144.58 309.40 Td (be ) Tj ET Q q 0 0 0 rg BT 155.11 309.40 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 199.10 309.40 Td (in ) Tj ET Q q 0 0 0 rg BT 208.13 309.40 Td (all ) Tj ET Q q 0 0 0 rg BT 219.15 309.40 Td (instances ) Tj ET Q q 0 0 0 rg BT 254.17 309.40 Td (or ) Tj ET Q q 0 0 0 rg BT 263.69 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.71 309.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 311.73 309.40 Td (may ) Tj ET Q q 0 0 0 rg BT 329.25 309.40 Td (not ) Tj ET Q q 0 0 0 rg BT 342.78 309.40 Td (be ) Tj ET Q q 0 0 0 rg BT 353.30 309.40 Td (financially ) Tj ET Q q 0 0 0 rg BT 393.81 309.40 Td (able ) Tj ET Q q 0 0 0 rg BT 410.83 309.40 Td (to ) Tj ET Q q 0 0 0 rg BT 419.85 309.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 448.88 309.40 Td (with ) Tj ET Q q 0 0 0 rg BT 466.90 309.40 Td (its ) Tj ET Q q 0 0 0 rg BT 477.43 309.40 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 515.96 309.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 557.98 309.40 Td (in ) Tj ET Q q 0 0 0 rg BT 567.01 309.40 Td (all ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 59.62 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 74.99 298.60 Td (we ) Tj ET Q q 0 0 0 rg BT 87.86 298.60 Td (may ) Tj ET Q q 0 0 0 rg BT 105.73 298.60 Td (not ) Tj ET Q q 0 0 0 rg BT 119.61 298.60 Td (be ) Tj ET Q q 0 0 0 rg BT 130.48 298.60 Td (able ) Tj ET Q q 0 0 0 rg BT 147.85 298.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.23 298.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 182.10 298.60 Td (such ) Tj ET Q q 0 0 0 rg BT 200.98 298.60 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 260.34 298.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 303.69 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 313.07 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.44 298.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 352.56 298.60 Td (In ) Tj ET Q q 0 0 0 rg BT 362.43 298.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 396.56 298.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.93 298.60 Td (court ) Tj ET Q q 0 0 0 rg BT 423.80 298.60 Td (may ) Tj ET Q q 0 0 0 rg BT 441.67 298.60 Td (decide ) Tj ET Q q 0 0 0 rg BT 467.53 298.60 Td (that ) Tj ET Q q 0 0 0 rg BT 483.41 298.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 510.27 298.60 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 554.64 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 564.02 298.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 287.80 Td (current ) Tj ET Q q 0 0 0 rg BT 63.73 287.80 Td (or ) Tj ET Q q 0 0 0 rg BT 73.48 287.80 Td (future ) Tj ET Q q 0 0 0 rg BT 97.22 287.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.95 287.80 Td (are ) Tj ET Q q 0 0 0 rg BT 145.19 287.80 Td (not ) Tj ET Q q 0 0 0 rg BT 158.94 287.80 Td (enforceable. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.03 260.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 88.54 260.20 Td (coverage ) Tj ET Q q 0 0 0 rg BT 123.04 260.20 Td (may ) Tj ET Q q 0 0 0 rg BT 140.57 260.20 Td (not ) Tj ET Q q 0 0 0 rg BT 154.10 260.20 Td (be ) Tj ET Q q 0 0 0 rg BT 164.62 260.20 Td (available ) Tj ET Q q 0 0 0 rg BT 199.13 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 208.16 260.20 Td (the ) Tj ET Q q 0 0 0 rg BT 221.19 260.20 Td (future, ) Tj ET Q q 0 0 0 rg BT 246.95 260.20 Td (or ) Tj ET Q q 0 0 0 rg BT 256.48 260.20 Td (we ) Tj ET Q q 0 0 0 rg BT 269.00 260.20 Td (may ) Tj ET Q q 0 0 0 rg BT 286.53 260.20 Td (not ) Tj ET Q q 0 0 0 rg BT 300.06 260.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 324.58 260.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 351.09 260.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 387.61 260.20 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 424.36 260.20 Td (Even ) Tj ET Q q 0 0 0 rg BT 444.88 260.20 Td (if ) Tj ET Q q 0 0 0 rg BT 452.41 260.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 488.92 260.20 Td (is ) Tj ET Q q 0 0 0 rg BT 496.96 260.20 Td (available ) Tj ET Q q 0 0 0 rg BT 531.47 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 546.49 260.20 Td (we ) Tj ET Q q 0 0 0 rg BT 559.01 260.20 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 249.40 Td (obtained ) Tj ET Q q 0 0 0 rg BT 69.22 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 82.44 249.40 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 119.39 249.40 Td (it ) Tj ET Q q 0 0 0 rg BT 126.62 249.40 Td (may ) Tj ET Q q 0 0 0 rg BT 144.34 249.40 Td (not ) Tj ET Q q 0 0 0 rg BT 158.07 249.40 Td (be ) Tj ET Q q 0 0 0 rg BT 168.79 249.40 Td (adequate ) Tj ET Q q 0 0 0 rg BT 203.00 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 212.23 249.40 Td (cover ) Tj ET Q q 0 0 0 rg BT 234.44 249.40 Td (our ) Tj ET Q q 0 0 0 rg BT 248.66 249.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 284.38 249.40 Td (or ) Tj ET Q q 0 0 0 rg BT 294.11 249.40 Td (our ) Tj ET Q q 0 0 0 rg BT 308.33 249.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 345.04 249.40 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 392.75 249.40 Td (may ) Tj ET Q q 0 0 0 rg BT 410.48 249.40 Td (be ) Tj ET Q q 0 0 0 rg BT 421.20 249.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 447.42 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 456.64 249.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 471.86 249.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 524.08 249.40 Td (if ) Tj ET Q q 0 0 0 rg BT 531.80 249.40 Td (a ) Tj ET Q q 0 0 0 rg BT 538.03 249.40 Td (significant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 58.24 238.60 Td (should ) Tj ET Q q 0 0 0 rg BT 84.49 238.60 Td (occur) Tj ET Q q 0 0 0 rg BT 103.98 238.60 Td (. ) Tj ET Q q 0 0 0 rg BT 107.99 238.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 125.74 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.48 238.60 Td (these ) Tj ET Q q 0 0 0 rg BT 156.23 238.60 Td (scenarios ) Tj ET Q q 0 0 0 rg BT 191.96 238.60 Td (could ) Tj ET Q q 0 0 0 rg BT 214.21 238.60 Td (have ) Tj ET Q q 0 0 0 rg BT 233.45 238.60 Td (a ) Tj ET Q q 0 0 0 rg BT 239.69 238.60 Td (material ) Tj ET Q q 0 0 0 rg BT 271.42 238.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 301.16 238.60 Td (ef) Tj ET Q q 0 0 0 rg BT 307.99 238.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 323.72 238.60 Td (on ) Tj ET Q q 0 0 0 rg BT 334.97 238.60 Td (our ) Tj ET Q q 0 0 0 rg BT 349.22 238.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 384.22 238.60 Td (results ) Tj ET Q q 0 0 0 rg BT 409.97 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 419.72 238.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 459.46 238.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.70 238.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.43 238.60 Td (condition.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 211.00 Td (Climate ) Tj ET Q q 0 0 0 rg BT 67.25 211.00 Td (change ) Tj ET Q q 0 0 0 rg BT 96.50 211.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.75 211.00 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 158.01 211.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 172.76 211.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 216.52 211.00 Td (may ) Tj ET Q q 0 0 0 rg BT 234.26 211.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 271.00 211.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 298.24 211.00 Td (our ) Tj ET Q q 0 0 0 rg BT 313.50 211.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 354.76 211.00 Td (and ) Tj ET Q q 0 0 0 rg BT 371.01 211.00 Td (markets.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.20 Td (Due ) Tj ET Q q 0 0 0 rg BT 53.73 197.20 Td (to ) Tj ET Q q 0 0 0 rg BT 63.47 197.20 Td (concerns ) Tj ET Q q 0 0 0 rg BT 98.19 197.20 Td (over ) Tj ET Q q 0 0 0 rg BT 116.92 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.66 197.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 146.90 197.20 Td (of ) Tj ET Q q 0 0 0 rg BT 157.13 197.20 Td (climate ) Tj ET Q q 0 0 0 rg BT 186.36 197.20 Td (change, ) Tj ET Q q 0 0 0 rg BT 216.83 197.20 Td (a ) Tj ET Q q 0 0 0 rg BT 223.56 197.20 Td (number ) Tj ET Q q 0 0 0 rg BT 253.79 197.20 Td (of ) Tj ET Q q 0 0 0 rg BT 264.03 197.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 299.76 197.20 Td (and ) Tj ET Q q 0 0 0 rg BT 315.49 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 329.23 197.20 Td (United ) Tj ET Q q 0 0 0 rg BT 356.46 197.20 Td (Nations) Tj ET Q q 0 0 0 rg BT 386.79 197.20 Td ( ) Tj ET Q q 0 0 0 rg BT 389.53 197.20 Td (International ) Tj ET Q q 0 0 0 rg BT 438.24 197.20 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 474.47 197.20 Td (Or) Tj ET Q q 0 0 0 rg BT 483.81 197.20 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 526.28 197.20 Td (or ) Tj ET Q q 0 0 0 rg BT 536.52 197.20 Td (IMO, ) Tj ET Q q 0 0 0 rg BT 559.01 197.20 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 186.40 Td (adopted, ) Tj ET Q q 0 0 0 rg BT 69.07 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 78.89 186.40 Td (are ) Tj ET Q q 0 0 0 rg BT 92.21 186.40 Td (considering ) Tj ET Q q 0 0 0 rg BT 136.53 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 149.85 186.40 Td (adoption ) Tj ET Q q 0 0 0 rg BT 183.67 186.40 Td (of, ) Tj ET Q q 0 0 0 rg BT 195.75 186.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 235.06 186.40 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 280.37 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 289.70 186.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 316.01 186.40 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 359.32 186.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 373.65 186.40 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 413.73 186.40 Td (Currently) Tj ET Q q 0 0 0 rg BT 447.64 186.40 Td (, ) Tj ET Q q 0 0 0 rg BT 452.21 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 465.54 186.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 503.37 186.40 Td (of ) Tj ET Q q 0 0 0 rg BT 513.19 186.40 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 556.50 186.40 Td (gases ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.60 Td (from ) Tj ET Q q 0 0 0 rg BT 55.77 175.60 Td (ships ) Tj ET Q q 0 0 0 rg BT 76.56 175.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 110.33 175.60 Td (in ) Tj ET Q q 0 0 0 rg BT 119.61 175.60 Td (international ) Tj ET Q q 0 0 0 rg BT 167.37 175.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 201.64 175.60 Td (are ) Tj ET Q q 0 0 0 rg BT 214.91 175.60 Td (not ) Tj ET Q q 0 0 0 rg BT 228.69 175.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 256.46 175.60 Td (to ) Tj ET Q q 0 0 0 rg BT 265.74 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.01 175.60 Td (Kyoto ) Tj ET Q q 0 0 0 rg BT 303.79 175.60 Td (Protocol ) Tj ET Q q 0 0 0 rg BT 336.57 175.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.85 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.12 175.60 Td (United ) Tj ET Q q 0 0 0 rg BT 385.90 175.60 Td (Nations ) Tj ET Q q 0 0 0 rg BT 416.17 175.60 Td (Framework ) Tj ET Q q 0 0 0 rg BT 459.94 175.60 Td (Convention ) Tj ET Q q 0 0 0 rg BT 504.22 175.60 Td (on ) Tj ET Q q 0 0 0 rg BT 515.50 175.60 Td (Climate ) Tj ET Q q 0 0 0 rg BT 546.27 175.60 Td (Change, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.80 Td (which ) Tj ET Q q 0 0 0 rg BT 60.48 164.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 89.44 164.80 Td (into ) Tj ET Q q 0 0 0 rg BT 105.93 164.80 Td (force ) Tj ET Q q 0 0 0 rg BT 126.90 164.80 Td (in ) Tj ET Q q 0 0 0 rg BT 136.38 164.80 Td (2005 ) Tj ET Q q 0 0 0 rg BT 156.86 164.80 Td (and ) Tj ET Q q 0 0 0 rg BT 172.34 164.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 205.82 164.80 Td (to ) Tj ET Q q 0 0 0 rg BT 215.31 164.80 Td (which ) Tj ET Q q 0 0 0 rg BT 239.78 164.80 Td (adopting ) Tj ET Q q 0 0 0 rg BT 273.76 164.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 309.24 164.80 Td (have ) Tj ET Q q 0 0 0 rg BT 328.71 164.80 Td (been ) Tj ET Q q 0 0 0 rg BT 348.18 164.80 Td (required ) Tj ET Q q 0 0 0 rg BT 380.65 164.80 Td (to ) Tj ET Q q 0 0 0 rg BT 390.14 164.80 Td (implement ) Tj ET Q q 0 0 0 rg BT 431.11 164.80 Td (national ) Tj ET Q q 0 0 0 rg BT 462.59 164.80 Td (programs ) Tj ET Q q 0 0 0 rg BT 499.06 164.80 Td (to ) Tj ET Q q 0 0 0 rg BT 508.55 164.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 535.01 164.80 Td (greenhouse ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 154.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 49.76 154.00 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 88.88 154.00 Td (As ) Tj ET Q q 0 0 0 rg BT 100.64 154.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.90 154.00 Td (January1, ) Tj ET Q q 0 0 0 rg BT 148.65 154.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 170.66 154.00 Td (all ) Tj ET Q q 0 0 0 rg BT 181.42 154.00 Td (ships ) Tj ET Q q 0 0 0 rg BT 201.68 154.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 240.44 154.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 255.70 154.00 Td (and ) Tj ET Q q 0 0 0 rg BT 270.45 154.00 Td (drillships\) ) Tj ET Q q 0 0 0 rg BT 308.71 154.00 Td (must ) Tj ET Q q 0 0 0 rg BT 327.98 154.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 356.73 154.00 Td (with ) Tj ET Q q 0 0 0 rg BT 374.49 154.00 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 414.74 154.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 463.48 154.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 493.73 154.00 Td (by ) Tj ET Q q 0 0 0 rg BT 504.49 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 517.25 154.00 Td (IMO) Tj ET Q q 0 0 0 rg BT 537.25 154.00 Td (s ) Tj ET Q q 0 0 0 rg BT 542.51 154.00 Td (Maritime ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 143.20 Td (Environment ) Tj ET Q q 0 0 0 rg BT 86.09 143.20 Td (Protection ) Tj ET Q q 0 0 0 rg BT 126.18 143.20 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 171.52 143.20 Td (or ) Tj ET Q q 0 0 0 rg BT 182.11 143.20 Td (the ) Tj ET Q q 0 0 0 rg BT 196.20 143.20 Td (MEPC, ) Tj ET Q q 0 0 0 rg BT 226.06 143.20 Td (in ) Tj ET Q q 0 0 0 rg BT 236.15 143.20 Td (July ) Tj ET Q q 0 0 0 rg BT 254.25 143.20 Td (201) Tj ET Q q 0 0 0 rg BT 267.42 143.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 275.01 143.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 305.60 143.20 Td (to ) Tj ET Q q 0 0 0 rg BT 315.69 143.20 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 359.77 143.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 374.87 143.20 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 415.49 143.20 Td (These ) Tj ET Q q 0 0 0 rg BT 440.08 143.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 490.16 143.20 Td (could ) Tj ET Q q 0 0 0 rg BT 513.25 143.20 Td (cause ) Tj ET Q q 0 0 0 rg BT 536.33 143.20 Td (us ) Tj ET Q q 0 0 0 rg BT 547.43 143.20 Td (to ) Tj ET Q q 0 0 0 rg BT 557.53 143.20 Td (incur ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 132.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 74.90 132.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 119.29 132.40 Td (costs. ) Tj ET Q q 0 0 0 rg BT 142.46 132.40 Td (In ) Tj ET Q q 0 0 0 rg BT 152.86 132.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 187.52 132.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.43 132.40 Td (European ) Tj ET Q q 0 0 0 rg BT 238.82 132.40 Td (Union ) Tj ET Q q 0 0 0 rg BT 264.24 132.40 Td (has ) Tj ET Q q 0 0 0 rg BT 279.15 132.40 Td (indicated ) Tj ET Q q 0 0 0 rg BT 315.04 132.40 Td (that ) Tj ET Q q 0 0 0 rg BT 331.45 132.40 Td (it ) Tj ET Q q 0 0 0 rg BT 339.36 132.40 Td (intends ) Tj ET Q q 0 0 0 rg BT 368.27 132.40 Td (to ) Tj ET Q q 0 0 0 rg BT 378.18 132.40 Td (propose ) Tj ET Q q 0 0 0 rg BT 409.59 132.40 Td (an ) Tj ET Q q 0 0 0 rg BT 421.00 132.40 Td (expansion ) Tj ET Q q 0 0 0 rg BT 460.40 132.40 Td (of ) Tj ET Q q 0 0 0 rg BT 470.81 132.40 Td (the ) Tj ET Q q 0 0 0 rg BT 484.71 132.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 516.13 132.40 Td (European ) Tj ET Q q 0 0 0 rg BT 553.52 132.40 Td (Union ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 121.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 73.50 121.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 100.98 121.60 Td (scheme ) Tj ET Q q 0 0 0 rg BT 129.97 121.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.96 121.60 Td (include ) Tj ET Q q 0 0 0 rg BT 167.44 121.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 204.94 121.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.43 121.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 257.41 121.60 Td (gases ) Tj ET Q q 0 0 0 rg BT 278.90 121.60 Td (from ) Tj ET Q q 0 0 0 rg BT 298.39 121.60 Td (marine ) Tj ET Q q 0 0 0 rg BT 325.37 121.60 Td (vessels.The ) Tj ET Q q 0 0 0 rg BT 369.10 121.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 389.10 121.60 Td (United ) Tj ET Q q 0 0 0 rg BT 415.59 121.60 Td (Nations ) Tj ET Q q 0 0 0 rg BT 445.58 121.60 Td (Climate ) Tj ET Q q 0 0 0 rg BT 476.07 121.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 505.55 121.60 Td (Conference ) Tj ET Q q 0 0 0 rg BT 549.02 121.60 Td (in ) Tj ET Q q 0 0 0 rg BT 558.02 121.60 Td (Paris ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 110.80 Td (did ) Tj ET Q q 0 0 0 rg BT 49.75 110.80 Td (not ) Tj ET Q q 0 0 0 rg BT 63.50 110.80 Td (result ) Tj ET Q q 0 0 0 rg BT 85.75 110.80 Td (in ) Tj ET Q q 0 0 0 rg BT 95.00 110.80 Td (an ) Tj ET Q q 0 0 0 rg BT 105.74 110.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 145.47 110.80 Td (that ) Tj ET Q q 0 0 0 rg BT 161.21 110.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 190.95 110.80 Td (limits ) Tj ET Q q 0 0 0 rg BT 213.71 110.80 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 256.94 110.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 271.19 110.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 308.94 110.80 Td (from ) Tj ET Q q 0 0 0 rg BT 328.68 110.80 Td (ships.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 83.20 Td (All ) Tj ET Q q 0 0 0 rg BT 50.00 83.20 Td (ships ) Tj ET Q q 0 0 0 rg BT 71.01 83.20 Td (are ) Tj ET Q q 0 0 0 rg BT 84.50 83.20 Td (required ) Tj ET Q q 0 0 0 rg BT 116.99 83.20 Td (to ) Tj ET Q q 0 0 0 rg BT 126.49 83.20 Td (follow ) Tj ET Q q 0 0 0 rg BT 152.49 83.20 Td (the ) Tj ET Q q 0 0 0 rg BT 165.99 83.20 Td (Ship ) Tj ET Q q 0 0 0 rg BT 185.00 83.20 Td (Ener) Tj ET Q q 0 0 0 rg BT 201.83 83.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 213.33 83.20 Td (Ef) Tj ET Q q 0 0 0 rg BT 221.66 83.20 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 253.15 83.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 302.63 83.20 Td (Plans, ) Tj ET Q q 0 0 0 rg BT 326.89 83.20 Td (or ) Tj ET Q q 0 0 0 rg BT 336.89 83.20 Td (SEEMP) Tj ET Q q 0 0 0 rg BT 364.90 83.20 Td (, ) Tj ET Q q 0 0 0 rg BT 369.65 83.20 Td (and ) Tj ET Q q 0 0 0 rg BT 385.15 83.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 422.65 83.20 Td (ener) Tj ET Q q 0 0 0 rg BT 437.98 83.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 449.48 83.20 Td (ef) Tj ET Q q 0 0 0 rg BT 456.31 83.20 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 487.79 83.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 511.29 83.20 Td (per ) Tj ET Q q 0 0 0 rg BT 525.28 83.20 Td (capacity ) Tj ET Q q 0 0 0 rg BT 557.77 83.20 Td (mile, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 72.40 Td (outlined ) Tj ET Q q 0 0 0 rg BT 67.97 72.40 Td (in ) Tj ET Q q 0 0 0 rg BT 77.44 72.40 Td (the ) Tj ET Q q 0 0 0 rg BT 90.91 72.40 Td (Ener) Tj ET Q q 0 0 0 rg BT 107.74 72.40 Td (gy ) Tj ET Q q 0 0 0 rg BT 119.21 72.40 Td (Ef) Tj ET Q q 0 0 0 rg BT 127.54 72.40 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 159.00 72.40 Td (Design ) Tj ET Q q 0 0 0 rg BT 186.97 72.40 Td (Index, ) Tj ET Q q 0 0 0 rg BT 212.18 72.40 Td (or ) Tj ET Q q 0 0 0 rg BT 222.15 72.40 Td (EEDI, ) Tj ET Q q 0 0 0 rg BT 247.37 72.40 Td (applies ) Tj ET Q q 0 0 0 rg BT 275.33 72.40 Td (to ) Tj ET Q q 0 0 0 rg BT 284.81 72.40 Td (all ) Tj ET Q q 0 0 0 rg BT 296.28 72.40 Td (new ) Tj ET Q q 0 0 0 rg BT 313.74 72.40 Td (ships. ) Tj ET Q q 0 0 0 rg BT 336.79 72.40 Td (These ) Tj ET Q q 0 0 0 rg BT 360.76 72.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 410.21 72.40 Td (could ) Tj ET Q q 0 0 0 rg BT 432.68 72.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 455.14 72.40 Td (us ) Tj ET Q q 0 0 0 rg BT 465.61 72.40 Td (to ) Tj ET Q q 0 0 0 rg BT 475.09 72.40 Td (incur ) Tj ET Q q 0 0 0 rg BT 496.05 72.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 534.52 72.40 Td (compliance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 58.27 61.60 Td (The ) Tj ET Q q 0 0 0 rg BT 74.44 61.60 Td (IMO ) Tj ET Q q 0 0 0 rg BT 94.12 61.60 Td (is ) Tj ET Q q 0 0 0 rg BT 102.30 61.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 135.98 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 145.15 61.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 185.83 61.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 236.48 61.60 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 283.15 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 292.33 61.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 318.49 61.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 361.65 61.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 375.83 61.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 413.51 61.60 Td (from ) Tj ET Q q 0 0 0 rg BT 433.18 61.60 Td (ships ) Tj ET Q q 0 0 0 rg BT 453.87 61.60 Td (at ) Tj ET Q q 0 0 0 rg BT 462.54 61.60 Td (an ) Tj ET Q q 0 0 0 rg BT 473.21 61.60 Td (upcoming ) Tj ET Q q 0 0 0 rg BT 511.39 61.60 Td (MEPC ) Tj ET Q q 0 0 0 rg BT 538.07 61.60 Td (session. ) Tj ET Q q 0 0 0 rg BT 568.50 61.60 Td (In ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.80 Td (April ) Tj ET Q q 0 0 0 rg BT 57.33 50.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 79.91 50.80 Td (the ) Tj ET Q q 0 0 0 rg BT 93.24 50.80 Td (European ) Tj ET Q q 0 0 0 rg BT 130.06 50.80 Td (Union ) Tj ET Q q 0 0 0 rg BT 154.89 50.80 Td (Parliament ) Tj ET Q q 0 0 0 rg BT 196.22 50.80 Td (rejected ) Tj ET Q q 0 0 0 rg BT 227.03 50.80 Td (proposed ) Tj ET Q q 0 0 0 rg BT 262.35 50.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 293.67 50.80 Td (to ) Tj ET Q q 0 0 0 rg BT 303.01 50.80 Td (the ) Tj ET Q q 0 0 0 rg BT 316.34 50.80 Td (European ) Tj ET Q q 0 0 0 rg BT 353.15 50.80 Td (Union ) Tj ET Q q 0 0 0 rg BT 377.99 50.80 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 417.33 50.80 Td (law ) Tj ET Q q 0 0 0 rg BT 432.65 50.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 469.47 50.80 Td (carbon ) Tj ET Q q 0 0 0 rg BT 496.29 50.80 Td (trading. ) Tj ET Q q 0 0 0 rg BT 526.20 50.80 Td (The ) Tj ET Q q 0 0 0 rg BT 542.53 50.80 Td (measures ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 40.00 Td (would ) Tj ET Q q 0 0 0 rg BT 60.61 40.00 Td (have ) Tj ET Q q 0 0 0 rg BT 79.72 40.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 107.33 40.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.44 40.00 Td (availability ) Tj ET Q q 0 0 0 rg BT 163.04 40.00 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 40.00 Td (permits ) Tj ET Q q 0 0 0 rg BT 201.76 40.00 Td (that ) Tj ET Q q 0 0 0 rg BT 217.37 40.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 239.48 40.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 280.09 40.00 Td (to ) Tj ET Q q 0 0 0 rg BT 289.20 40.00 Td (emit ) Tj ET Q q 0 0 0 rg BT 307.31 40.00 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 350.41 40.00 Td (gases. ) Tj ET Q q 0 0 0 rg BT 374.12 40.00 Td (The ) Tj ET Q q 0 0 0 rg BT 390.22 40.00 Td (European ) Tj ET Q q 0 0 0 rg BT 426.82 40.00 Td (Union ) Tj ET Q q 0 0 0 rg BT 451.44 40.00 Td (is ) Tj ET Q q 0 0 0 rg BT 459.55 40.00 Td (still ) Tj ET Q q 0 0 0 rg BT 475.17 40.00 Td (considering ) Tj ET Q q 0 0 0 rg BT 519.28 40.00 Td (an ) Tj ET Q q 0 0 0 rg BT 529.89 40.00 Td (expansion ) Tj ET Q q 0 0 0 rg BT 568.49 40.00 Td (of ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.40 749.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 80.30 749.80 Td (European ) Tj ET Q q 0 0 0 rg BT 117.19 749.80 Td (Union ) Tj ET Q q 0 0 0 rg BT 142.10 749.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 180.00 749.80 Td (trading ) Tj ET Q q 0 0 0 rg BT 207.90 749.80 Td (scheme ) Tj ET Q q 0 0 0 rg BT 237.29 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 246.70 749.80 Td (include ) Tj ET Q q 0 0 0 rg BT 275.59 749.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 313.50 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 323.40 749.80 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 366.79 749.80 Td (gases ) Tj ET Q q 0 0 0 rg BT 388.69 749.80 Td (from ) Tj ET Q q 0 0 0 rg BT 408.59 749.80 Td (marine ) Tj ET Q q 0 0 0 rg BT 435.98 749.80 Td (vessels, ) Tj ET Q q 0 0 0 rg BT 466.13 749.80 Td (including ) Tj ET Q q 0 0 0 rg BT 502.54 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 531.44 749.80 Td (units, ) Tj ET Q q 0 0 0 rg BT 553.60 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 569.00 749.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (June ) Tj ET Q q 0 0 0 rg BT 54.45 739.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 76.65 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 89.59 739.00 Td (European ) Tj ET Q q 0 0 0 rg BT 126.03 739.00 Td (Commission ) Tj ET Q q 0 0 0 rg BT 173.49 739.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 197.94 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 203.88 739.00 Td (memorandum ) Tj ET Q q 0 0 0 rg BT 255.82 739.00 Td (recommending ) Tj ET Q q 0 0 0 rg BT 311.75 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 317.70 739.00 Td (gradual ) Tj ET Q q 0 0 0 rg BT 350.63 739.00 Td (approach ) Tj ET Q q 0 0 0 rg BT 389.55 739.00 Td (starting ) Tj ET Q q 0 0 0 rg BT 418.50 739.00 Td (with ) Tj ET Q q 0 0 0 rg BT 436.45 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 442.40 739.00 Td (program ) Tj ET Q q 0 0 0 rg BT 474.84 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.79 739.00 Td (monitor) Tj ET Q q 0 0 0 rg BT 511.92 739.00 Td (, ) Tj ET Q q 0 0 0 rg BT 516.12 739.00 Td (report ) Tj ET Q q 0 0 0 rg BT 539.56 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 554.51 739.00 Td (verify ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 54.36 728.20 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 97.22 728.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 111.08 728.20 Td (emissions ) Tj ET Q q 0 0 0 rg BT 148.45 728.20 Td (from ) Tj ET Q q 0 0 0 rg BT 167.81 728.20 Td (ships. ) Tj ET Q q 0 0 0 rg BT 190.44 728.20 Td (In ) Tj ET Q q 0 0 0 rg BT 199.39 728.20 Td (April ) Tj ET Q q 0 0 0 rg BT 220.25 728.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 242.37 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 248.23 728.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 286.59 728.20 Td (was ) Tj ET Q q 0 0 0 rg BT 302.45 728.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 332.81 728.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 367.67 728.20 Td (that ) Tj ET Q q 0 0 0 rg BT 383.03 728.20 Td (lar) Tj ET Q q 0 0 0 rg BT 392.36 728.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 402.72 728.20 Td (ships ) Tj ET Q q 0 0 0 rg BT 423.10 728.20 Td (\(over ) Tj ET Q q 0 0 0 rg BT 443.95 728.20 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 466.07 728.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 486.94 728.20 Td (tons\) ) Tj ET Q q 0 0 0 rg BT 506.81 728.20 Td (calling ) Tj ET Q q 0 0 0 rg BT 533.17 728.20 Td (at ) Tj ET Q q 0 0 0 rg BT 541.53 728.20 Td (European ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Union ) Tj ET Q q 0 0 0 rg BT 60.73 717.40 Td (ports ) Tj ET Q q 0 0 0 rg BT 80.95 717.40 Td (from ) Tj ET Q q 0 0 0 rg BT 100.68 717.40 Td (January ) Tj ET Q q 0 0 0 rg BT 130.89 717.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 151.12 717.40 Td (collect ) Tj ET Q q 0 0 0 rg BT 177.33 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 192.55 717.40 Td (publish ) Tj ET Q q 0 0 0 rg BT 221.28 717.40 Td (data ) Tj ET Q q 0 0 0 rg BT 238.50 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 249.73 717.40 Td (carbon ) Tj ET Q q 0 0 0 rg BT 276.44 717.40 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 305.66 717.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 343.39 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 358.62 717.40 Td (other ) Tj ET Q q 0 0 0 rg BT 379.33 717.40 Td (information. ) Tj ET Q q 0 0 0 rg BT 426.30 717.40 Td (In ) Tj ET Q q 0 0 0 rg BT 436.03 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.25 717.40 Td (United ) Tj ET Q q 0 0 0 rg BT 475.97 717.40 Td (States, ) Tj ET Q q 0 0 0 rg BT 501.95 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 515.17 717.40 Td (EP) Tj ET Q q 0 0 0 rg BT 524.84 717.40 Td (A) Tj ET Q q 0 0 0 rg BT 530.85 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 533.07 717.40 Td (has ) Tj ET Q q 0 0 0 rg BT 547.30 717.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 572.03 717.40 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (finding ) Tj ET Q q 0 0 0 rg BT 64.10 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 79.70 706.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 122.79 706.60 Td (gases ) Tj ET Q q 0 0 0 rg BT 144.38 706.60 Td (endanger ) Tj ET Q q 0 0 0 rg BT 179.47 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.57 706.60 Td (public ) Tj ET Q q 0 0 0 rg BT 217.16 706.60 Td (health ) Tj ET Q q 0 0 0 rg BT 241.26 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 256.35 706.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 279.95 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.04 706.60 Td (has ) Tj ET Q q 0 0 0 rg BT 309.15 706.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 339.74 706.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 381.83 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.93 706.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 410.04 706.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 453.13 706.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 467.23 706.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 504.83 706.60 Td (from ) Tj ET Q q 0 0 0 rg BT 524.43 706.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 551.02 706.60 Td (mobile ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (sources ) Tj ET Q q 0 0 0 rg BT 65.46 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 80.92 695.80 Td (lar) Tj ET Q q 0 0 0 rg BT 90.25 695.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 101.21 695.80 Td (stationary ) Tj ET Q q 0 0 0 rg BT 139.16 695.80 Td (sources. ) Tj ET Q q 0 0 0 rg BT 170.32 695.80 Td (Although ) Tj ET Q q 0 0 0 rg BT 206.79 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 220.25 695.80 Td (mobile ) Tj ET Q q 0 0 0 rg BT 247.71 695.80 Td (source ) Tj ET Q q 0 0 0 rg BT 273.67 695.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 311.63 695.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 354.09 695.80 Td (do ) Tj ET Q q 0 0 0 rg BT 365.56 695.80 Td (not ) Tj ET Q q 0 0 0 rg BT 379.52 695.80 Td (apply ) Tj ET Q q 0 0 0 rg BT 401.98 695.80 Td (to ) Tj ET Q q 0 0 0 rg BT 411.45 695.80 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 454.90 695.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.36 695.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 507.33 695.80 Td (from ) Tj ET Q q 0 0 0 rg BT 527.29 695.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 556.25 695.80 Td (units, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (such ) Tj ET Q q 0 0 0 rg BT 55.26 685.00 Td (regulation ) Tj ET Q q 0 0 0 rg BT 94.52 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.78 685.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 134.05 685.00 Td (units ) Tj ET Q q 0 0 0 rg BT 154.32 685.00 Td (is ) Tj ET Q q 0 0 0 rg BT 163.09 685.00 Td (foreseeable, ) Tj ET Q q 0 0 0 rg BT 209.07 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 224.83 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 238.60 685.00 Td (EP) Tj ET Q q 0 0 0 rg BT 248.27 685.00 Td (A) Tj ET Q q 0 0 0 rg BT 254.28 685.00 Td ( ) Tj ET Q q 0 0 0 rg BT 257.04 685.00 Td (has ) Tj ET Q q 0 0 0 rg BT 271.81 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 281.57 685.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 306.32 685.00 Td (years ) Tj ET Q q 0 0 0 rg BT 328.08 685.00 Td (received ) Tj ET Q q 0 0 0 rg BT 361.32 685.00 Td (petitions ) Tj ET Q q 0 0 0 rg BT 395.09 685.00 Td (from ) Tj ET Q q 0 0 0 rg BT 415.35 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.11 685.00 Td (California ) Tj ET Q q 0 0 0 rg BT 467.75 685.00 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 502.51 685.00 Td (General ) Tj ET Q q 0 0 0 rg BT 533.76 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 549.52 685.00 Td (various ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 90.23 674.20 Td (groups ) Tj ET Q q 0 0 0 rg BT 116.98 674.20 Td (seeking ) Tj ET Q q 0 0 0 rg BT 146.72 674.20 Td (such ) Tj ET Q q 0 0 0 rg BT 165.47 674.20 Td (regulation. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 81.76 646.60 Td (with ) Tj ET Q q 0 0 0 rg BT 100.03 646.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 131.29 646.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.56 646.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 161.58 646.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 203.84 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.10 646.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 261.37 646.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 291.13 646.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.40 646.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 329.16 646.60 Td (change ) Tj ET Q q 0 0 0 rg BT 356.92 646.60 Td (could ) Tj ET Q q 0 0 0 rg BT 379.18 646.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.93 646.60 Td (our ) Tj ET Q q 0 0 0 rg BT 425.20 646.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 445.47 646.60 Td (related ) Tj ET Q q 0 0 0 rg BT 472.22 646.60 Td (to ) Tj ET Q q 0 0 0 rg BT 481.50 646.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 517.75 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 533.02 646.60 Td (maintaining ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (our ) Tj ET Q q 0 0 0 rg BT 50.97 635.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.19 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 93.16 635.80 Td (might ) Tj ET Q q 0 0 0 rg BT 117.13 635.80 Td (also ) Tj ET Q q 0 0 0 rg BT 134.60 635.80 Td (require ) Tj ET Q q 0 0 0 rg BT 163.06 635.80 Td (us ) Tj ET Q q 0 0 0 rg BT 174.04 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 184.01 635.80 Td (install ) Tj ET Q q 0 0 0 rg BT 208.98 635.80 Td (new ) Tj ET Q q 0 0 0 rg BT 226.95 635.80 Td (emission ) Tj ET Q q 0 0 0 rg BT 261.92 635.80 Td (controls, ) Tj ET Q q 0 0 0 rg BT 296.14 635.80 Td (acquire ) Tj ET Q q 0 0 0 rg BT 325.60 635.80 Td (allowances ) Tj ET Q q 0 0 0 rg BT 368.55 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 379.02 635.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 394.99 635.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 416.45 635.80 Td (related ) Tj ET Q q 0 0 0 rg BT 443.91 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 453.88 635.80 Td (our ) Tj ET Q q 0 0 0 rg BT 468.85 635.80 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 512.81 635.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 527.78 635.80 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 568.51 635.80 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (administer ) Tj ET Q q 0 0 0 rg BT 76.88 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 92.76 625.00 Td (manage ) Tj ET Q q 0 0 0 rg BT 123.64 625.00 Td (a ) Tj ET Q q 0 0 0 rg BT 130.52 625.00 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 174.40 625.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 189.28 625.00 Td (emissions ) Tj ET Q q 0 0 0 rg BT 227.68 625.00 Td (program. ) Tj ET Q q 0 0 0 rg BT 262.67 625.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 281.06 625.00 Td (passage ) Tj ET Q q 0 0 0 rg BT 311.93 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 322.32 625.00 Td (climate ) Tj ET Q q 0 0 0 rg BT 351.70 625.00 Td (control ) Tj ET Q q 0 0 0 rg BT 380.08 625.00 Td (legislation ) Tj ET Q q 0 0 0 rg BT 420.46 625.00 Td (or ) Tj ET Q q 0 0 0 rg BT 430.85 625.00 Td (other ) Tj ET Q q 0 0 0 rg BT 452.23 625.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 492.10 625.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 530.49 625.00 Td (by ) Tj ET Q q 0 0 0 rg BT 542.38 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 556.26 625.00 Td (IMO, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 614.20 Td (European ) Tj ET Q q 0 0 0 rg BT 72.74 614.20 Td (Union, ) Tj ET Q q 0 0 0 rg BT 99.75 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.00 614.20 Td (United ) Tj ET Q q 0 0 0 rg BT 139.76 614.20 Td (States ) Tj ET Q q 0 0 0 rg BT 163.51 614.20 Td (or ) Tj ET Q q 0 0 0 rg BT 173.27 614.20 Td (other ) Tj ET Q q 0 0 0 rg BT 194.02 614.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 229.26 614.20 Td (where ) Tj ET Q q 0 0 0 rg BT 253.51 614.20 Td (we ) Tj ET Q q 0 0 0 rg BT 266.26 614.20 Td (operate, ) Tj ET Q q 0 0 0 rg BT 297.25 614.20 Td (or ) Tj ET Q q 0 0 0 rg BT 307.00 614.20 Td (any ) Tj ET Q q 0 0 0 rg BT 322.26 614.20 Td (treaty ) Tj ET Q q 0 0 0 rg BT 345.00 614.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 375.75 614.20 Td (at ) Tj ET Q q 0 0 0 rg BT 384.50 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 397.75 614.20 Td (international ) Tj ET Q q 0 0 0 rg BT 445.50 614.20 Td (level ) Tj ET Q q 0 0 0 rg BT 465.24 614.20 Td (to ) Tj ET Q q 0 0 0 rg BT 474.50 614.20 Td (succeed ) Tj ET Q q 0 0 0 rg BT 505.24 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 518.49 614.20 Td (Kyoto ) Tj ET Q q 0 0 0 rg BT 543.25 614.20 Td (Protocol, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 603.40 Td (that ) Tj ET Q q 0 0 0 rg BT 52.08 603.40 Td (restrict ) Tj ET Q q 0 0 0 rg BT 79.64 603.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 117.73 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.80 603.40 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 171.36 603.40 Td (gases ) Tj ET Q q 0 0 0 rg BT 193.44 603.40 Td (could ) Tj ET Q q 0 0 0 rg BT 216.01 603.40 Td (require ) Tj ET Q q 0 0 0 rg BT 244.08 603.40 Td (us ) Tj ET Q q 0 0 0 rg BT 254.66 603.40 Td (to ) Tj ET Q q 0 0 0 rg BT 264.24 603.40 Td (make ) Tj ET Q q 0 0 0 rg BT 286.31 603.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 326.88 603.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.94 603.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 409.50 603.40 Td (which ) Tj ET Q q 0 0 0 rg BT 434.08 603.40 Td (we ) Tj ET Q q 0 0 0 rg BT 447.15 603.40 Td (cannot ) Tj ET Q q 0 0 0 rg BT 473.72 603.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 501.29 603.40 Td (with ) Tj ET Q q 0 0 0 rg BT 519.87 603.40 Td (certainty ) Tj ET Q q 0 0 0 rg BT 553.93 603.40 Td (at ) Tj ET Q q 0 0 0 rg BT 563.01 603.40 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 592.60 Td (time.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 565.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 80.91 565.00 Td (, ) Tj ET Q q 0 0 0 rg BT 85.03 565.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 114.39 565.00 Td (ef) Tj ET Q q 0 0 0 rg BT 121.22 565.00 Td (fects ) Tj ET Q q 0 0 0 rg BT 140.08 565.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 159.95 565.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.81 565.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 184.19 565.00 Td (and ) Tj ET Q q 0 0 0 rg BT 199.05 565.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 212.92 565.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 244.29 565.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 273.65 565.00 Td (to ) Tj ET Q q 0 0 0 rg BT 282.52 565.00 Td (climate ) Tj ET Q q 0 0 0 rg BT 310.88 565.00 Td (change, ) Tj ET Q q 0 0 0 rg BT 340.48 565.00 Td (including ) Tj ET Q q 0 0 0 rg BT 376.35 565.00 Td (growing ) Tj ET Q q 0 0 0 rg BT 408.22 565.00 Td (public ) Tj ET Q q 0 0 0 rg BT 432.59 565.00 Td (concern ) Tj ET Q q 0 0 0 rg BT 462.94 565.00 Td (about ) Tj ET Q q 0 0 0 rg BT 484.80 565.00 Td (the ) Tj ET Q q 0 0 0 rg BT 497.67 565.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 551.52 565.00 Td (impact ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 554.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.50 554.20 Td (climate ) Tj ET Q q 0 0 0 rg BT 74.00 554.20 Td (change, ) Tj ET Q q 0 0 0 rg BT 103.74 554.20 Td (may ) Tj ET Q q 0 0 0 rg BT 121.24 554.20 Td (also ) Tj ET Q q 0 0 0 rg BT 137.75 554.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 174.24 554.20 Td (af) Tj ET Q q 0 0 0 rg BT 181.07 554.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.56 554.20 Td (demand ) Tj ET Q q 0 0 0 rg BT 227.06 554.20 Td (for ) Tj ET Q q 0 0 0 rg BT 239.56 554.20 Td (our ) Tj ET Q q 0 0 0 rg BT 253.56 554.20 Td (services. ) Tj ET Q q 0 0 0 rg BT 286.81 554.20 Td (For ) Tj ET Q q 0 0 0 rg BT 301.32 554.20 Td (example, ) Tj ET Q q 0 0 0 rg BT 336.06 554.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 372.04 554.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 410.54 554.20 Td (of ) Tj ET Q q 0 0 0 rg BT 420.04 554.20 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 463.04 554.20 Td (gases ) Tj ET Q q 0 0 0 rg BT 484.54 554.20 Td (or ) Tj ET Q q 0 0 0 rg BT 494.04 554.20 Td (other ) Tj ET Q q 0 0 0 rg BT 514.54 554.20 Td (concerns ) Tj ET Q q 0 0 0 rg BT 548.53 554.20 Td (relating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 543.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.21 543.40 Td (climate ) Tj ET Q q 0 0 0 rg BT 73.90 543.40 Td (change ) Tj ET Q q 0 0 0 rg BT 101.59 543.40 Td (may ) Tj ET Q q 0 0 0 rg BT 119.29 543.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 145.47 543.40 Td (the ) Tj ET Q q 0 0 0 rg BT 158.67 543.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 189.37 543.40 Td (for ) Tj ET Q q 0 0 0 rg BT 202.07 543.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 213.77 543.40 Td (and ) Tj ET Q q 0 0 0 rg BT 228.97 543.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 243.17 543.40 Td (in ) Tj ET Q q 0 0 0 rg BT 252.38 543.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.58 543.40 Td (future ) Tj ET Q q 0 0 0 rg BT 289.27 543.40 Td (or ) Tj ET Q q 0 0 0 rg BT 298.98 543.40 Td (create ) Tj ET Q q 0 0 0 rg BT 322.66 543.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 349.84 543.40 Td (incentives ) Tj ET Q q 0 0 0 rg BT 388.53 543.40 Td (for ) Tj ET Q q 0 0 0 rg BT 401.23 543.40 Td (use ) Tj ET Q q 0 0 0 rg BT 415.44 543.40 Td (of ) Tj ET Q q 0 0 0 rg BT 425.14 543.40 Td (alternative ) Tj ET Q q 0 0 0 rg BT 465.32 543.40 Td (ener) Tj ET Q q 0 0 0 rg BT 480.64 543.40 Td (gy ) Tj ET Q q 0 0 0 rg BT 491.85 543.40 Td (sources. ) Tj ET Q q 0 0 0 rg BT 522.81 543.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 540.51 543.40 Td (long-term ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 532.60 Td (material ) Tj ET Q q 0 0 0 rg BT 67.83 532.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 97.67 532.60 Td (ef) Tj ET Q q 0 0 0 rg BT 104.50 532.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 120.34 532.60 Td (on ) Tj ET Q q 0 0 0 rg BT 131.69 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.04 532.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 156.89 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.24 532.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 186.59 532.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 218.44 532.60 Td (could ) Tj ET Q q 0 0 0 rg BT 240.79 532.60 Td (have ) Tj ET Q q 0 0 0 rg BT 260.13 532.60 Td (a ) Tj ET Q q 0 0 0 rg BT 266.47 532.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 306.82 532.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.65 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.00 532.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 398.83 532.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 428.67 532.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 455.51 532.60 Td (on ) Tj ET Q q 0 0 0 rg BT 466.86 532.60 Td (our ) Tj ET Q q 0 0 0 rg BT 481.21 532.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 516.32 532.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 541.66 532.60 Td (see ) Tj ET Q q 0 0 0 rg BT 555.50 532.60 Td (Item ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 521.80 Td (4. ) Tj ET Q q 0 0 0 rg BT 45.00 521.80 Td (Information ) Tj ET Q q 0 0 0 rg BT 90.24 521.80 Td (on ) Tj ET Q q 0 0 0 rg BT 101.49 521.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.73 521.80 Td (CompanyB. ) Tj ET Q q 0 0 0 rg BT 169.23 521.80 Td (Business ) Tj ET Q q 0 0 0 rg BT 203.49 521.80 Td (OverviewEnvironmental ) Tj ET Q q 0 0 0 rg BT 303.71 521.80 Td (and ) Tj ET Q q 0 0 0 rg BT 318.96 521.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 341.70 521.80 Td (Regulations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 494.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.67 494.20 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 94.32 494.20 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 127.00 494.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 138.67 494.20 Td (spill ) Tj ET Q q 0 0 0 rg BT 156.34 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 166.01 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 179.68 494.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 197.85 494.20 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 217.02 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.69 494.20 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 256.35 494.20 Td (has ) Tj ET Q q 0 0 0 rg BT 271.52 494.20 Td (and ) Tj ET Q q 0 0 0 rg BT 287.70 494.20 Td (may ) Tj ET Q q 0 0 0 rg BT 305.36 494.20 Td (result ) Tj ET Q q 0 0 0 rg BT 328.53 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 338.21 494.20 Td (more ) Tj ET Q q 0 0 0 rg BT 359.37 494.20 Td (stringent ) Tj ET Q q 0 0 0 rg BT 394.55 494.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 413.22 494.20 Td (and ) Tj ET Q q 0 0 0 rg BT 429.40 494.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 473.58 494.20 Td (governing ) Tj ET Q q 0 0 0 rg BT 513.25 494.20 Td (of) Tj ET Q q 0 0 0 rg BT 520.58 494.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 546.25 494.20 Td (drilling, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 483.40 Td (which ) Tj ET Q q 0 0 0 rg BT 60.76 483.40 Td (could ) Tj ET Q q 0 0 0 rg BT 83.51 483.40 Td (have ) Tj ET Q q 0 0 0 rg BT 103.25 483.40 Td (a ) Tj ET Q q 0 0 0 rg BT 110.00 483.40 Td (material ) Tj ET Q q 0 0 0 rg BT 143.25 483.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 173.49 483.40 Td (ef) Tj ET Q q 0 0 0 rg BT 180.32 483.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.06 483.40 Td (on ) Tj ET Q q 0 0 0 rg BT 207.81 483.40 Td (our ) Tj ET Q q 0 0 0 rg BT 223.07 483.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 259.08 483.40 Td (results ) Tj ET Q q 0 0 0 rg BT 285.84 483.40 Td (of ) Tj ET Q q 0 0 0 rg BT 295.59 483.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 336.85 483.40 Td (or ) Tj ET Q q 0 0 0 rg BT 347.10 483.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 382.85 483.40 Td (condition.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (On ) Tj ET Q q 0 0 0 rg BT 49.15 469.60 Td (April20, ) Tj ET Q q 0 0 0 rg BT 84.41 469.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 107.43 469.60 Td (there ) Tj ET Q q 0 0 0 rg BT 128.18 469.60 Td (was ) Tj ET Q q 0 0 0 rg BT 144.94 469.60 Td (an ) Tj ET Q q 0 0 0 rg BT 156.19 469.60 Td (explosion ) Tj ET Q q 0 0 0 rg BT 193.96 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.71 469.60 Td (a ) Tj ET Q q 0 0 0 rg BT 216.47 469.60 Td (related ) Tj ET Q q 0 0 0 rg BT 243.72 469.60 Td (fire ) Tj ET Q q 0 0 0 rg BT 258.97 469.60 Td (on ) Tj ET Q q 0 0 0 rg BT 270.73 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.49 469.60 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 326.23 469.60 Td (Horizon, ) Tj ET Q q 0 0 0 rg BT 360.73 469.60 Td (an ) Tj ET Q q 0 0 0 rg BT 371.99 469.60 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 431.22 469.60 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 497.47 469.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 526.73 469.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 539.49 469.60 Td (that ) Tj ET Q q 0 0 0 rg BT 555.75 469.60 Td (is ) Tj ET Q q 0 0 0 rg BT 564.52 469.60 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 458.80 Td (connected ) Tj ET Q q 0 0 0 rg BT 74.73 458.80 Td (to ) Tj ET Q q 0 0 0 rg BT 83.99 458.80 Td (us, ) Tj ET Q q 0 0 0 rg BT 96.50 458.80 Td (while ) Tj ET Q q 0 0 0 rg BT 118.75 458.80 Td (it ) Tj ET Q q 0 0 0 rg BT 126.00 458.80 Td (was ) Tj ET Q q 0 0 0 rg BT 142.26 458.80 Td (servicing ) Tj ET Q q 0 0 0 rg BT 177.50 458.80 Td (a ) Tj ET Q q 0 0 0 rg BT 183.75 458.80 Td (well ) Tj ET Q q 0 0 0 rg BT 201.50 458.80 Td (in ) Tj ET Q q 0 0 0 rg BT 210.76 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 224.01 458.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 242.27 458.80 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 261.02 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 270.77 458.80 Td (Mexico. ) Tj ET Q q 0 0 0 rg BT 302.61 458.80 Td (This ) Tj ET Q q 0 0 0 rg BT 320.86 458.80 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 366.60 458.80 Td (event ) Tj ET Q q 0 0 0 rg BT 388.34 458.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 419.09 458.80 Td (in ) Tj ET Q q 0 0 0 rg BT 428.35 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 441.60 458.80 Td (death ) Tj ET Q q 0 0 0 rg BT 463.34 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 473.09 458.80 Td (1) Tj ET Q q 0 0 0 rg BT 477.26 458.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 484.01 458.80 Td (workers ) Tj ET Q q 0 0 0 rg BT 515.26 458.80 Td (and ) Tj ET Q q 0 0 0 rg BT 530.51 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 543.76 458.80 Td (total ) Tj ET Q q 0 0 0 rg BT 562.01 458.80 Td (loss ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.37 448.00 Td (that ) Tj ET Q q 0 0 0 rg BT 60.74 448.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 89.11 448.00 Td (rig, ) Tj ET Q q 0 0 0 rg BT 103.23 448.00 Td (as ) Tj ET Q q 0 0 0 rg BT 112.60 448.00 Td (well ) Tj ET Q q 0 0 0 rg BT 129.96 448.00 Td (as ) Tj ET Q q 0 0 0 rg BT 139.33 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 152.20 448.00 Td (release ) Tj ET Q q 0 0 0 rg BT 179.05 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 188.42 448.00 Td (lar) Tj ET Q q 0 0 0 rg BT 197.75 448.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 208.12 448.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 240.49 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 249.86 448.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 261.23 448.00 Td (into ) Tj ET Q q 0 0 0 rg BT 277.10 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 289.97 448.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 307.85 448.00 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 326.21 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 335.58 448.00 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 367.20 448.00 Td (impacting ) Tj ET Q q 0 0 0 rg BT 405.06 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.93 448.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 465.29 448.00 Td (and ) Tj ET Q q 0 0 0 rg BT 480.16 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 493.02 448.00 Td (region) Tj ET Q q 0 0 0 rg BT 518.52 448.00 Td (s ) Tj ET Q q 0 0 0 rg BT 523.89 448.00 Td (key ) Tj ET Q q 0 0 0 rg BT 538.76 448.00 Td (industries. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.20 Td (This ) Tj ET Q q 0 0 0 rg BT 54.44 437.20 Td (event ) Tj ET Q q 0 0 0 rg BT 76.37 437.20 Td (was ) Tj ET Q q 0 0 0 rg BT 92.81 437.20 Td (investigated ) Tj ET Q q 0 0 0 rg BT 138.74 437.20 Td (by ) Tj ET Q q 0 0 0 rg BT 150.18 437.20 Td (several ) Tj ET Q q 0 0 0 rg BT 178.11 437.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 205.53 437.20 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 241.20 437.20 Td (including ) Tj ET Q q 0 0 0 rg BT 277.64 437.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.07 437.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 309.52 437.20 Td (Department ) Tj ET Q q 0 0 0 rg BT 354.44 437.20 Td (of ) Tj ET Q q 0 0 0 rg BT 364.38 437.20 Td (Justice ) Tj ET Q q 0 0 0 rg BT 391.32 437.20 Td (and ) Tj ET Q q 0 0 0 rg BT 406.75 437.20 Td (by ) Tj ET Q q 0 0 0 rg BT 418.20 437.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.63 437.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 450.08 437.20 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 488.27 437.20 Td (and ) Tj ET Q q 0 0 0 rg BT 503.71 437.20 Td (was ) Tj ET Q q 0 0 0 rg BT 520.14 437.20 Td (also ) Tj ET Q q 0 0 0 rg BT 537.08 437.20 Td (the ) Tj ET Q q 0 0 0 rg BT 550.52 437.20 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 46.22 426.40 Td (numerous ) Tj ET Q q 0 0 0 rg BT 84.44 426.40 Td (lawsuits. ) Tj ET Q q 0 0 0 rg BT 118.92 426.40 Td (On ) Tj ET Q q 0 0 0 rg BT 132.64 426.40 Td (January3, ) Tj ET Q q 0 0 0 rg BT 172.36 426.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 195.14 426.40 Td (T) Tj ET Q q 0 0 0 rg BT 200.32 426.40 Td (ransocean ) Tj ET Q q 0 0 0 rg BT 239.02 426.40 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 280.72 426.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 297.19 426.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 323.90 426.40 Td (to ) Tj ET Q q 0 0 0 rg BT 333.62 426.40 Td (plead ) Tj ET Q q 0 0 0 rg BT 355.84 426.40 Td (guilty ) Tj ET Q q 0 0 0 rg BT 379.56 426.40 Td (to ) Tj ET Q q 0 0 0 rg BT 389.29 426.40 Td (violating ) Tj ET Q q 0 0 0 rg BT 424.01 426.40 Td (the ) Tj ET Q q 0 0 0 rg BT 437.73 426.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.46 426.40 Td (Clean ) Tj ET Q q 0 0 0 rg BT 479.99 426.40 Td (W) Tj ET Q q 0 0 0 rg BT 487.76 426.40 Td (ater ) Tj ET Q q 0 0 0 rg BT 503.37 426.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 519.09 426.40 Td (and ) Tj ET Q q 0 0 0 rg BT 534.81 426.40 Td (to ) Tj ET Q q 0 0 0 rg BT 544.54 426.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 560.26 426.40 Td ($1.4 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 415.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 61.83 415.60 Td (in ) Tj ET Q q 0 0 0 rg BT 71.15 415.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 89.47 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 104.79 415.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 137.10 415.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 156.92 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.24 415.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 206.56 415.60 Td (for ) Tj ET Q q 0 0 0 rg BT 219.38 415.60 Td (its ) Tj ET Q q 0 0 0 rg BT 230.20 415.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 261.02 415.60 Td (in ) Tj ET Q q 0 0 0 rg BT 270.34 415.60 Td (relation ) Tj ET Q q 0 0 0 rg BT 300.16 415.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.48 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.80 415.60 Td (incident. ) Tj ET Q q 0 0 0 rg BT 356.37 415.60 Td (On ) Tj ET Q q 0 0 0 rg BT 369.69 415.60 Td (May30, ) Tj ET Q q 0 0 0 rg BT 402.01 415.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 424.59 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.91 415.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.24 415.60 Td (Department ) Tj ET Q q 0 0 0 rg BT 501.04 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.86 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 524.18 415.60 Td (Interior ) Tj ET Q q 0 0 0 rg BT 553.50 415.60 Td (issued ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 404.80 Td (a ) Tj ET Q q 0 0 0 rg BT 41.72 404.80 Td (six-month ) Tj ET Q q 0 0 0 rg BT 79.95 404.80 Td (moratorium ) Tj ET Q q 0 0 0 rg BT 124.16 404.80 Td (on ) Tj ET Q q 0 0 0 rg BT 134.89 404.80 Td (all ) Tj ET Q q 0 0 0 rg BT 145.61 404.80 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 184.31 404.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 212.53 404.80 Td (in ) Tj ET Q q 0 0 0 rg BT 221.26 404.80 Td (the ) Tj ET Q q 0 0 0 rg BT 233.98 404.80 Td (outer ) Tj ET Q q 0 0 0 rg BT 254.20 404.80 Td (continental ) Tj ET Q q 0 0 0 rg BT 295.91 404.80 Td (shelf ) Tj ET Q q 0 0 0 rg BT 315.13 404.80 Td (regions ) Tj ET Q q 0 0 0 rg BT 343.35 404.80 Td (of ) Tj ET Q q 0 0 0 rg BT 352.57 404.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.29 404.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 383.02 404.80 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 401.24 404.80 Td (of ) Tj ET Q q 0 0 0 rg BT 410.46 404.80 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 439.68 404.80 Td (and ) Tj ET Q q 0 0 0 rg BT 454.40 404.80 Td (the ) Tj ET Q q 0 0 0 rg BT 467.12 404.80 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 493.83 404.80 Td (Ocean. ) Tj ET Q q 0 0 0 rg BT 520.79 404.80 Td (On ) Tj ET Q q 0 0 0 rg BT 533.52 404.80 Td (October12, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.00 Td (2010, ) Tj ET Q q 0 0 0 rg BT 59.04 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 72.82 394.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 91.61 394.00 Td (government ) Tj ET Q q 0 0 0 rg BT 137.38 394.00 Td (lifted ) Tj ET Q q 0 0 0 rg BT 159.16 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.94 394.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 202.22 394.00 Td (moratorium, ) Tj ET Q q 0 0 0 rg BT 249.75 394.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 278.02 394.00 Td (to ) Tj ET Q q 0 0 0 rg BT 287.81 394.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 332.08 394.00 Td (with ) Tj ET Q q 0 0 0 rg BT 350.86 394.00 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 387.62 394.00 Td (safety ) Tj ET Q q 0 0 0 rg BT 411.90 394.00 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 463.30 394.00 Td (All ) Tj ET Q q 0 0 0 rg BT 477.59 394.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 506.87 394.00 Td (in ) Tj ET Q q 0 0 0 rg BT 516.66 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 530.44 394.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 549.23 394.00 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 568.51 394.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.20 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 65.53 383.20 Td (must ) Tj ET Q q 0 0 0 rg BT 85.07 383.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 114.11 383.20 Td (with ) Tj ET Q q 0 0 0 rg BT 132.14 383.20 Td (the ) Tj ET Q q 0 0 0 rg BT 145.18 383.20 Td (Interim ) Tj ET Q q 0 0 0 rg BT 173.71 383.20 Td (Final ) Tj ET Q q 0 0 0 rg BT 194.24 383.20 Td (Rule ) Tj ET Q q 0 0 0 rg BT 213.28 383.20 Td (to ) Tj ET Q q 0 0 0 rg BT 222.32 383.20 Td (Enhance ) Tj ET Q q 0 0 0 rg BT 255.34 383.20 Td (Safety ) Tj ET Q q 0 0 0 rg BT 280.37 383.20 Td (Measures ) Tj ET Q q 0 0 0 rg BT 316.90 383.20 Td (for ) Tj ET Q q 0 0 0 rg BT 329.43 383.20 Td (Ener) Tj ET Q q 0 0 0 rg BT 346.25 383.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 357.29 383.20 Td (Development ) Tj ET Q q 0 0 0 rg BT 407.82 383.20 Td (on ) Tj ET Q q 0 0 0 rg BT 418.85 383.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.89 383.20 Td (Outer ) Tj ET Q q 0 0 0 rg BT 454.42 383.20 Td (Continental ) Tj ET Q q 0 0 0 rg BT 498.45 383.20 Td (Shelf ) Tj ET Q q 0 0 0 rg BT 519.48 383.20 Td (\(Drilling ) Tj ET Q q 0 0 0 rg BT 553.02 383.20 Td (Safety ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 372.40 Td (Rule\), ) Tj ET Q q 0 0 0 rg BT 59.94 372.40 Td (which ) Tj ET Q q 0 0 0 rg BT 83.63 372.40 Td (took ) Tj ET Q q 0 0 0 rg BT 101.32 372.40 Td (ef) Tj ET Q q 0 0 0 rg BT 108.15 372.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 123.33 372.40 Td (October22, ) Tj ET Q q 0 0 0 rg BT 167.51 372.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 189.45 372.40 Td (and ) Tj ET Q q 0 0 0 rg BT 204.14 372.40 Td (the ) Tj ET Q q 0 0 0 rg BT 216.70 372.40 Td (W) Tj ET Q q 0 0 0 rg BT 224.48 372.40 Td (orkplace ) Tj ET Q q 0 0 0 rg BT 257.15 372.40 Td (Safety ) Tj ET Q q 0 0 0 rg BT 281.84 372.40 Td (Rule ) Tj ET Q q 0 0 0 rg BT 300.53 372.40 Td (on ) Tj ET Q q 0 0 0 rg BT 311.22 372.40 Td (Safety ) Tj ET Q q 0 0 0 rg BT 335.91 372.40 Td (and ) Tj ET Q q 0 0 0 rg BT 350.59 372.40 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 405.77 372.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 454.45 372.40 Td (Systems ) Tj ET Q q 0 0 0 rg BT 486.15 372.40 Td (and ) Tj ET Q q 0 0 0 rg BT 500.83 372.40 Td (various ) Tj ET Q q 0 0 0 rg BT 529.02 372.40 Td (requirements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 361.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 69.34 361.60 Td (through ) Tj ET Q q 0 0 0 rg BT 100.18 361.60 Td (Notices ) Tj ET Q q 0 0 0 rg BT 130.52 361.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.36 361.60 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 171.19 361.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.03 361.60 Td (Operators, ) Tj ET Q q 0 0 0 rg BT 227.61 361.60 Td (or ) Tj ET Q q 0 0 0 rg BT 237.95 361.60 Td (SEMS. ) Tj ET Q q 0 0 0 rg BT 266.55 361.60 Td (Operators ) Tj ET Q q 0 0 0 rg BT 304.88 361.60 Td (were ) Tj ET Q q 0 0 0 rg BT 325.21 361.60 Td (required ) Tj ET Q q 0 0 0 rg BT 358.04 361.60 Td (to ) Tj ET Q q 0 0 0 rg BT 367.88 361.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 409.22 361.60 Td (a ) Tj ET Q q 0 0 0 rg BT 416.06 361.60 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 442.41 361.60 Td (program ) Tj ET Q q 0 0 0 rg BT 475.74 361.60 Td (by ) Tj ET Q q 0 0 0 rg BT 487.59 361.60 Td (November ) Tj ET Q q 0 0 0 rg BT 528.42 361.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 542.51 361.60 Td (201) Tj ET Q q 0 0 0 rg BT 555.68 361.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 563.02 361.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 350.80 Td (submit ) Tj ET Q q 0 0 0 rg BT 62.67 350.80 Td (their ) Tj ET Q q 0 0 0 rg BT 81.34 350.80 Td (first ) Tj ET Q q 0 0 0 rg BT 98.00 350.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 137.66 350.80 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 163.34 350.80 Td (audit ) Tj ET Q q 0 0 0 rg BT 183.51 350.80 Td (to ) Tj ET Q q 0 0 0 rg BT 192.68 350.80 Td (BSEE ) Tj ET Q q 0 0 0 rg BT 216.85 350.80 Td (by ) Tj ET Q q 0 0 0 rg BT 228.02 350.80 Td (November ) Tj ET Q q 0 0 0 rg BT 268.18 350.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 281.60 350.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 303.86 350.80 Td (The ) Tj ET Q q 0 0 0 rg BT 320.02 350.80 Td (original ) Tj ET Q q 0 0 0 rg BT 350.18 350.80 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 375.86 350.80 Td (rule ) Tj ET Q q 0 0 0 rg BT 392.03 350.80 Td (was ) Tj ET Q q 0 0 0 rg BT 408.19 350.80 Td (later ) Tj ET Q q 0 0 0 rg BT 426.35 350.80 Td (modified ) Tj ET Q q 0 0 0 rg BT 461.01 350.80 Td (by ) Tj ET Q q 0 0 0 rg BT 472.18 350.80 Td (the ) Tj ET Q q 0 0 0 rg BT 485.35 350.80 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 511.03 350.80 Td (II ) Tj ET Q q 0 0 0 rg BT 519.19 350.80 Td (final ) Tj ET Q q 0 0 0 rg BT 537.86 350.80 Td (rule ) Tj ET Q q 0 0 0 rg BT 554.02 350.80 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 340.00 Td (became ) Tj ET Q q 0 0 0 rg BT 66.73 340.00 Td (ef) Tj ET Q q 0 0 0 rg BT 73.55 340.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 101.28 340.00 Td (June ) Tj ET Q q 0 0 0 rg BT 121.03 340.00 Td (4, ) Tj ET Q q 0 0 0 rg BT 131.02 340.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 154.52 340.00 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 181.28 340.00 Td (II ) Tj ET Q q 0 0 0 rg BT 190.52 340.00 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 227.74 340.00 Td (and ) Tj ET Q q 0 0 0 rg BT 243.98 340.00 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 297.22 340.00 Td (operators' ) Tj ET Q q 0 0 0 rg BT 335.57 340.00 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 362.33 340.00 Td (programs ) Tj ET Q q 0 0 0 rg BT 399.57 340.00 Td (with ) Tj ET Q q 0 0 0 rg BT 418.82 340.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 457.05 340.00 Td (training, ) Tj ET Q q 0 0 0 rg BT 490.54 340.00 Td (empowering ) Tj ET Q q 0 0 0 rg BT 538.77 340.00 Td (field ) Tj ET Q q 0 0 0 rg BT 558.51 340.00 Td (level ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.20 Td (personnel ) Tj ET Q q 0 0 0 rg BT 73.65 329.20 Td (with ) Tj ET Q q 0 0 0 rg BT 92.31 329.20 Td (safety ) Tj ET Q q 0 0 0 rg BT 116.46 329.20 Td (management ) Tj ET Q q 0 0 0 rg BT 165.10 329.20 Td (decisions ) Tj ET Q q 0 0 0 rg BT 201.26 329.20 Td (and ) Tj ET Q q 0 0 0 rg BT 216.92 329.20 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 268.57 329.20 Td (auditing ) Tj ET Q q 0 0 0 rg BT 300.72 329.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 342.87 329.20 Td (by ) Tj ET Q q 0 0 0 rg BT 354.53 329.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 390.18 329.20 Td (them ) Tj ET Q q 0 0 0 rg BT 410.83 329.20 Td (to ) Tj ET Q q 0 0 0 rg BT 420.50 329.20 Td (be ) Tj ET Q q 0 0 0 rg BT 431.65 329.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 471.80 329.20 Td (by ) Tj ET Q q 0 0 0 rg BT 483.46 329.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 530.11 329.20 Td (third ) Tj ET Q q 0 0 0 rg BT 549.76 329.20 Td (parties. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 318.40 Td (Operators ) Tj ET Q q 0 0 0 rg BT 73.78 318.40 Td (had ) Tj ET Q q 0 0 0 rg BT 89.07 318.40 Td (until ) Tj ET Q q 0 0 0 rg BT 107.86 318.40 Td (June ) Tj ET Q q 0 0 0 rg BT 126.65 318.40 Td (4, ) Tj ET Q q 0 0 0 rg BT 135.70 318.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 155.99 318.40 Td (to ) Tj ET Q q 0 0 0 rg BT 165.29 318.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 194.58 318.40 Td (with ) Tj ET Q q 0 0 0 rg BT 212.87 318.40 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 238.68 318.40 Td (II, ) Tj ET Q q 0 0 0 rg BT 249.21 318.40 Td (except ) Tj ET Q q 0 0 0 rg BT 274.99 318.40 Td (for ) Tj ET Q q 0 0 0 rg BT 287.78 318.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.56 318.40 Td (auditing ) Tj ET Q q 0 0 0 rg BT 346.35 318.40 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 397.37 318.40 Td (All ) Tj ET Q q 0 0 0 rg BT 411.16 318.40 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 436.96 318.40 Td (audits ) Tj ET Q q 0 0 0 rg BT 460.76 318.40 Td (had ) Tj ET Q q 0 0 0 rg BT 476.05 318.40 Td (to ) Tj ET Q q 0 0 0 rg BT 485.34 318.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 514.63 318.40 Td (with ) Tj ET Q q 0 0 0 rg BT 532.92 318.40 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 558.73 318.40 Td (II ) Tj ET Q q 0 0 0 rg BT 567.02 318.40 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 307.60 Td (June ) Tj ET Q q 0 0 0 rg BT 55.05 307.60 Td (4, ) Tj ET Q q 0 0 0 rg BT 64.34 307.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 86.96 307.60 Td (The ) Tj ET Q q 0 0 0 rg BT 103.50 307.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 122.05 307.60 Td (Occupational ) Tj ET Q q 0 0 0 rg BT 172.58 307.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 198.12 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 213.67 307.60 Td (Health ) Tj ET Q q 0 0 0 rg BT 239.64 307.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 255.19 307.60 Td (\(OSHA\) ) Tj ET Q q 0 0 0 rg BT 288.23 307.60 Td (imposes ) Tj ET Q q 0 0 0 rg BT 320.28 307.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 358.82 307.60 Td (record ) Tj ET Q q 0 0 0 rg BT 384.35 307.60 Td (keeping ) Tj ET Q q 0 0 0 rg BT 415.39 307.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 457.94 307.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 500.47 307.60 Td (occupational ) Tj ET Q q 0 0 0 rg BT 549.00 307.60 Td (injuries ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 296.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 296.80 Td (illnesses ) Tj ET Q q 0 0 0 rg BT 83.99 296.80 Td (for ) Tj ET Q q 0 0 0 rg BT 96.74 296.80 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 124.98 296.80 Td (Of) Tj ET Q q 0 0 0 rg BT 134.32 296.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 159.06 296.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 189.81 296.80 Td (Units ) Tj ET Q q 0 0 0 rg BT 211.56 296.80 Td (attached ) Tj ET Q q 0 0 0 rg BT 243.79 296.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.04 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.29 296.80 Td (outer ) Tj ET Q q 0 0 0 rg BT 287.03 296.80 Td (continental ) Tj ET Q q 0 0 0 rg BT 329.26 296.80 Td (shelf. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 269.20 Td (While ) Tj ET Q q 0 0 0 rg BT 59.74 269.20 Td (we ) Tj ET Q q 0 0 0 rg BT 71.99 269.20 Td (do ) Tj ET Q q 0 0 0 rg BT 82.74 269.20 Td (not ) Tj ET Q q 0 0 0 rg BT 95.99 269.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 130.23 269.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 158.47 269.20 Td (any ) Tj ET Q q 0 0 0 rg BT 173.21 269.20 Td (of ) Tj ET Q q 0 0 0 rg BT 182.46 269.20 Td (our ) Tj ET Q q 0 0 0 rg BT 196.21 269.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 224.46 269.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 239.72 269.20 Td (in ) Tj ET Q q 0 0 0 rg BT 248.47 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 261.22 269.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 278.97 269.20 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 297.22 269.20 Td (of ) Tj ET Q q 0 0 0 rg BT 306.47 269.20 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 337.97 269.20 Td (these ) Tj ET Q q 0 0 0 rg BT 358.21 269.20 Td (developments ) Tj ET Q q 0 0 0 rg BT 409.95 269.20 Td (could ) Tj ET Q q 0 0 0 rg BT 431.70 269.20 Td (have ) Tj ET Q q 0 0 0 rg BT 450.44 269.20 Td (a ) Tj ET Q q 0 0 0 rg BT 456.19 269.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 496.44 269.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 522.68 269.20 Td (on ) Tj ET Q q 0 0 0 rg BT 533.43 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 546.18 269.20 Td (of) Tj ET Q q 0 0 0 rg BT 553.51 269.20 Td (fshore ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 258.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 48.13 258.40 Td (and ) Tj ET Q q 0 0 0 rg BT 63.74 258.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 78.37 258.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 110.49 258.40 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 153.86 258.40 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 207.96 258.40 Td (investigations ) Tj ET Q q 0 0 0 rg BT 260.58 258.40 Td (and ) Tj ET Q q 0 0 0 rg BT 276.20 258.40 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 322.31 258.40 Td (may ) Tj ET Q q 0 0 0 rg BT 340.43 258.40 Td (result ) Tj ET Q q 0 0 0 rg BT 363.05 258.40 Td (in ) Tj ET Q q 0 0 0 rg BT 372.68 258.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 413.29 258.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 444.90 258.40 Td (to ) Tj ET Q q 0 0 0 rg BT 454.53 258.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 485.65 258.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 504.77 258.40 Td (and ) Tj ET Q q 0 0 0 rg BT 520.39 258.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 563.01 258.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 247.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 84.38 247.60 Td (stricter ) Tj ET Q q 0 0 0 rg BT 112.25 247.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 164.61 247.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 203.98 247.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.36 247.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.23 247.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 258.61 247.60 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 277.24 247.60 Td (For ) Tj ET Q q 0 0 0 rg BT 292.63 247.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 328.24 247.60 Td (Norway) Tj ET Q q 0 0 0 rg BT 359.73 247.60 Td (s ) Tj ET Q q 0 0 0 rg BT 366.12 247.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 405.99 247.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 431.23 247.60 Td (Authority ) Tj ET Q q 0 0 0 rg BT 469.11 247.60 Td (is ) Tj ET Q q 0 0 0 rg BT 477.99 247.60 Td (assessing ) Tj ET Q q 0 0 0 rg BT 514.37 247.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.25 247.60 Td (results ) Tj ET Q q 0 0 0 rg BT 554.63 247.60 Td (of ) Tj ET Q q 0 0 0 rg BT 565.00 247.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.80 Td (investigations ) Tj ET Q q 0 0 0 rg BT 87.77 236.80 Td (into ) Tj ET Q q 0 0 0 rg BT 103.54 236.80 Td (the ) Tj ET Q q 0 0 0 rg BT 116.30 236.80 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 157.05 236.80 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 188.31 236.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 199.58 236.80 Td (spill ) Tj ET Q q 0 0 0 rg BT 216.85 236.80 Td (and ) Tj ET Q q 0 0 0 rg BT 231.62 236.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 255.89 236.80 Td (a ) Tj ET Q q 0 0 0 rg BT 261.65 236.80 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 305.41 236.80 Td (report ) Tj ET Q q 0 0 0 rg BT 328.67 236.80 Td (of ) Tj ET Q q 0 0 0 rg BT 337.94 236.80 Td (its ) Tj ET Q q 0 0 0 rg BT 348.21 236.80 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 413.96 236.80 Td (in ) Tj ET Q q 0 0 0 rg BT 422.73 236.80 Td (June ) Tj ET Q q 0 0 0 rg BT 441.00 236.80 Td (201) Tj ET Q q 0 0 0 rg BT 454.16 236.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 462.68 236.80 Td (and ) Tj ET Q q 0 0 0 rg BT 477.45 236.80 Td (Oil& ) Tj ET Q q 0 0 0 rg BT 499.97 236.80 Td (Gas ) Tj ET Q q 0 0 0 rg BT 515.73 236.80 Td (United ) Tj ET Q q 0 0 0 rg BT 542.00 236.80 Td (Kingdom ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 226.00 Td (has ) Tj ET Q q 0 0 0 rg BT 50.68 226.00 Td (established ) Tj ET Q q 0 0 0 rg BT 93.34 226.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.02 226.00 Td (Oil ) Tj ET Q q 0 0 0 rg BT 121.20 226.00 Td (Spill ) Tj ET Q q 0 0 0 rg BT 140.88 226.00 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 182.55 226.00 Td (and ) Tj ET Q q 0 0 0 rg BT 198.23 226.00 Td (Response ) Tj ET Q q 0 0 0 rg BT 234.81 226.00 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 270.99 226.00 Td (Group, ) Tj ET Q q 0 0 0 rg BT 298.92 226.00 Td (which ) Tj ET Q q 0 0 0 rg BT 323.59 226.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 348.77 226.00 Td (its ) Tj ET Q q 0 0 0 rg BT 359.95 226.00 Td (final ) Tj ET Q q 0 0 0 rg BT 379.12 226.00 Td (report ) Tj ET Q q 0 0 0 rg BT 403.29 226.00 Td (on ) Tj ET Q q 0 0 0 rg BT 414.97 226.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 447.15 226.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 481.81 226.00 Td (in ) Tj ET Q q 0 0 0 rg BT 491.48 226.00 Td (the ) Tj ET Q q 0 0 0 rg BT 505.16 226.00 Td (United ) Tj ET Q q 0 0 0 rg BT 532.33 226.00 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 569.01 226.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 215.20 Td (September ) Tj ET Q q 0 0 0 rg BT 76.93 215.20 Td (201) Tj ET Q q 0 0 0 rg BT 90.09 215.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 99.28 215.20 Td (In ) Tj ET Q q 0 0 0 rg BT 109.21 215.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 143.40 215.20 Td (BP) Tj ET Q q 0 0 0 rg BT 154.07 215.20 Td ( ) Tj ET Q q 0 0 0 rg BT 156.51 215.20 Td (plc, ) Tj ET Q q 0 0 0 rg BT 172.19 215.20 Td (a ) Tj ET Q q 0 0 0 rg BT 178.63 215.20 Td (company ) Tj ET Q q 0 0 0 rg BT 214.05 215.20 Td (not ) Tj ET Q q 0 0 0 rg BT 227.99 215.20 Td (af) Tj ET Q q 0 0 0 rg BT 234.82 215.20 Td (filiated ) Tj ET Q q 0 0 0 rg BT 262.75 215.20 Td (with ) Tj ET Q q 0 0 0 rg BT 281.19 215.20 Td (us ) Tj ET Q q 0 0 0 rg BT 291.63 215.20 Td (and ) Tj ET Q q 0 0 0 rg BT 307.06 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 320.49 215.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 332.93 215.20 Td (operator ) Tj ET Q q 0 0 0 rg BT 365.35 215.20 Td (of ) Tj ET Q q 0 0 0 rg BT 375.29 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 388.72 215.20 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 430.13 215.20 Td (Horizon, ) Tj ET Q q 0 0 0 rg BT 464.31 215.20 Td (has ) Tj ET Q q 0 0 0 rg BT 478.75 215.20 Td (reached ) Tj ET Q q 0 0 0 rg BT 509.16 215.20 Td (an ) Tj ET Q q 0 0 0 rg BT 520.09 215.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 560.01 215.20 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 204.40 Td (the ) Tj ET Q q 0 0 0 rg BT 48.82 204.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 66.64 204.40 Td (government ) Tj ET Q q 0 0 0 rg BT 111.45 204.40 Td (to ) Tj ET Q q 0 0 0 rg BT 120.27 204.40 Td (establish ) Tj ET Q q 0 0 0 rg BT 153.58 204.40 Td (a ) Tj ET Q q 0 0 0 rg BT 159.40 204.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 184.71 204.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 203.03 204.40 Td (of ) Tj ET Q q 0 0 0 rg BT 212.35 204.40 Td ($20 ) Tj ET Q q 0 0 0 rg BT 227.67 204.40 Td (billion, ) Tj ET Q q 0 0 0 rg BT 255.24 204.40 Td (which ) Tj ET Q q 0 0 0 rg BT 279.06 204.40 Td (far ) Tj ET Q q 0 0 0 rg BT 290.86 204.40 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 321.17 204.40 Td (the ) Tj ET Q q 0 0 0 rg BT 333.98 204.40 Td ($75 ) Tj ET Q q 0 0 0 rg BT 349.30 204.40 Td (million ) Tj ET Q q 0 0 0 rg BT 377.12 204.40 Td (strict ) Tj ET Q q 0 0 0 rg BT 396.94 204.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 426.76 204.40 Td (limit ) Tj ET Q q 0 0 0 rg BT 445.58 204.40 Td (set ) Tj ET Q q 0 0 0 rg BT 457.40 204.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 476.71 204.40 Td (under ) Tj ET Q q 0 0 0 rg BT 499.03 204.40 Td (the ) Tj ET Q q 0 0 0 rg BT 511.84 204.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 529.67 204.40 Td (Oil ) Tj ET Q q 0 0 0 rg BT 542.99 204.40 Td (Pollution ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 193.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 51.40 193.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.30 193.60 Td (1990. ) Tj ET Q q 0 0 0 rg BT 83.43 193.60 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 133.82 193.60 Td (to ) Tj ET Q q 0 0 0 rg BT 143.23 193.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 174.13 193.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 193.03 193.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.43 193.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 250.83 193.60 Td (or ) Tj ET Q q 0 0 0 rg BT 260.73 193.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.13 193.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 308.03 193.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.93 193.60 Td (new ) Tj ET Q q 0 0 0 rg BT 335.33 193.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 354.23 193.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.63 193.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 412.03 193.60 Td (curtailing ) Tj ET Q q 0 0 0 rg BT 448.92 193.60 Td (or ) Tj ET Q q 0 0 0 rg BT 458.82 193.60 Td (further ) Tj ET Q q 0 0 0 rg BT 485.71 193.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 524.61 193.60 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 568.49 193.60 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 182.80 Td (development ) Tj ET Q q 0 0 0 rg BT 85.12 182.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 114.25 182.80 Td (and ) Tj ET Q q 0 0 0 rg BT 129.88 182.80 Td (the ) Tj ET Q q 0 0 0 rg BT 143.51 182.80 Td (production ) Tj ET Q q 0 0 0 rg BT 185.13 182.80 Td (of ) Tj ET Q q 0 0 0 rg BT 195.26 182.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.40 182.80 Td (and ) Tj ET Q q 0 0 0 rg BT 223.03 182.80 Td (gas, ) Tj ET Q q 0 0 0 rg BT 239.91 182.80 Td (may ) Tj ET Q q 0 0 0 rg BT 258.03 182.80 Td (be ) Tj ET Q q 0 0 0 rg BT 269.16 182.80 Td (highly ) Tj ET Q q 0 0 0 rg BT 294.80 182.80 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 333.41 182.80 Td (and ) Tj ET Q q 0 0 0 rg BT 349.04 182.80 Td (require ) Tj ET Q q 0 0 0 rg BT 377.16 182.80 Td (costly ) Tj ET Q q 0 0 0 rg BT 401.29 182.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 445.40 182.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 481.52 182.80 Td (that ) Tj ET Q q 0 0 0 rg BT 497.65 182.80 Td (could ) Tj ET Q q 0 0 0 rg BT 520.28 182.80 Td (have ) Tj ET Q q 0 0 0 rg BT 539.90 182.80 Td (a ) Tj ET Q q 0 0 0 rg BT 546.53 182.80 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 172.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 66.08 172.00 Td (ef) Tj ET Q q 0 0 0 rg BT 72.91 172.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 88.99 172.00 Td (on ) Tj ET Q q 0 0 0 rg BT 100.58 172.00 Td (our ) Tj ET Q q 0 0 0 rg BT 115.18 172.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 150.52 172.00 Td (results ) Tj ET Q q 0 0 0 rg BT 176.62 172.00 Td (of ) Tj ET Q q 0 0 0 rg BT 186.71 172.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 226.79 172.00 Td (or ) Tj ET Q q 0 0 0 rg BT 236.89 172.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.96 172.00 Td (condition. ) Tj ET Q q 0 0 0 rg BT 309.81 172.00 Td (Future ) Tj ET Q q 0 0 0 rg BT 335.90 172.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 368.98 172.00 Td (may ) Tj ET Q q 0 0 0 rg BT 387.07 172.00 Td (be ) Tj ET Q q 0 0 0 rg BT 398.16 172.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 438.24 172.00 Td (af) Tj ET Q q 0 0 0 rg BT 445.07 172.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 469.65 172.00 Td (by ) Tj ET Q q 0 0 0 rg BT 481.25 172.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 525.32 172.00 Td (with ) Tj ET Q q 0 0 0 rg BT 543.92 172.00 Td (any ) Tj ET Q q 0 0 0 rg BT 559.51 172.00 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 161.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 70.73 161.20 Td (or ) Tj ET Q q 0 0 0 rg BT 80.48 161.20 Td (new ) Tj ET Q q 0 0 0 rg BT 97.73 161.20 Td (legislation ) Tj ET Q q 0 0 0 rg BT 137.47 161.20 Td (or ) Tj ET Q q 0 0 0 rg BT 147.22 161.20 Td (regulations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 133.60 Td (It ) Tj ET Q q 0 0 0 rg BT 44.83 133.60 Td (is ) Tj ET Q q 0 0 0 rg BT 53.67 133.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 86.00 133.60 Td (in ) Tj ET Q q 0 0 0 rg BT 96.34 133.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.67 133.60 Td (future ) Tj ET Q q 0 0 0 rg BT 136.50 133.60 Td (for ) Tj ET Q q 0 0 0 rg BT 150.33 133.60 Td (our ) Tj ET Q q 0 0 0 rg BT 166.17 133.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 196.51 133.60 Td (units ) Tj ET Q q 0 0 0 rg BT 217.86 133.60 Td (to ) Tj ET Q q 0 0 0 rg BT 227.69 133.60 Td (be ) Tj ET Q q 0 0 0 rg BT 239.02 133.60 Td (located ) Tj ET Q q 0 0 0 rg BT 268.34 133.60 Td (in ) Tj ET Q q 0 0 0 rg BT 278.68 133.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 316.01 133.60 Td (that ) Tj ET Q q 0 0 0 rg BT 333.35 133.60 Td (are ) Tj ET Q q 0 0 0 rg BT 348.18 133.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 377.01 133.60 Td (to ) Tj ET Q q 0 0 0 rg BT 386.84 133.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 425.16 133.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 463.00 133.60 Td (or ) Tj ET Q q 0 0 0 rg BT 473.84 133.60 Td (other ) Tj ET Q q 0 0 0 rg BT 496.17 133.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 534.50 133.60 Td (restrictions ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 122.80 Td (imposed ) Tj ET Q q 0 0 0 rg BT 68.75 122.80 Td (by ) Tj ET Q q 0 0 0 rg BT 79.49 122.80 Td (the ) Tj ET Q q 0 0 0 rg BT 93.24 122.80 Td (United ) Tj ET Q q 0 0 0 rg BT 120.49 122.80 Td (States ) Tj ET Q q 0 0 0 rg BT 144.75 122.80 Td (or ) Tj ET Q q 0 0 0 rg BT 155.00 122.80 Td (other ) Tj ET Q q 0 0 0 rg BT 176.75 122.80 Td (governments, ) Tj ET Q q 0 0 0 rg BT 228.75 122.80 Td (our ) Tj ET Q q 0 0 0 rg BT 244.01 122.80 Td (reputation ) Tj ET Q q 0 0 0 rg BT 284.77 122.80 Td (and ) Tj ET Q q 0 0 0 rg BT 301.03 122.80 Td (the ) Tj ET Q q 0 0 0 rg BT 314.78 122.80 Td (market ) Tj ET Q q 0 0 0 rg BT 343.02 122.80 Td (for ) Tj ET Q q 0 0 0 rg BT 356.27 122.80 Td (our ) Tj ET Q q 0 0 0 rg BT 371.53 122.80 Td (common ) Tj ET Q q 0 0 0 rg BT 405.78 122.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 432.04 122.80 Td (could ) Tj ET Q q 0 0 0 rg BT 454.79 122.80 Td (be ) Tj ET Q q 0 0 0 rg BT 465.53 122.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 502.27 122.80 Td (af) Tj ET Q q 0 0 0 rg BT 509.60 122.80 Td (fected.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 109.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.72 109.00 Td (2010, ) Tj ET Q q 0 0 0 rg BT 68.19 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 81.40 109.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 99.63 109.00 Td (enacted ) Tj ET Q q 0 0 0 rg BT 129.33 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 142.54 109.00 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 201.25 109.00 Td (Iran ) Tj ET Q q 0 0 0 rg BT 217.96 109.00 Td (Sanctions ) Tj ET Q q 0 0 0 rg BT 254.69 109.00 Td (Accountability ) Tj ET Q q 0 0 0 rg BT 310.39 109.00 Td (and ) Tj ET Q q 0 0 0 rg BT 325.61 109.00 Td (Divestment ) Tj ET Q q 0 0 0 rg BT 368.83 109.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 384.05 109.00 Td (or ) Tj ET Q q 0 0 0 rg BT 393.76 109.00 Td (CISADA, ) Tj ET Q q 0 0 0 rg BT 431.74 109.00 Td (which ) Tj ET Q q 0 0 0 rg BT 455.95 109.00 Td (expanded ) Tj ET Q q 0 0 0 rg BT 492.66 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 505.87 109.00 Td (scope ) Tj ET Q q 0 0 0 rg BT 528.58 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 538.30 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 551.52 109.00 Td (former ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 98.20 Td (Iran ) Tj ET Q q 0 0 0 rg BT 52.35 98.20 Td (Sanctions ) Tj ET Q q 0 0 0 rg BT 88.80 98.20 Td (Act. ) Tj ET Q q 0 0 0 rg BT 105.50 98.20 Td (Among ) Tj ET Q q 0 0 0 rg BT 134.37 98.20 Td (other ) Tj ET Q q 0 0 0 rg BT 154.72 98.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 180.84 98.20 Td (CISADA) Tj ET Q q 0 0 0 rg BT 213.85 98.20 Td ( ) Tj ET Q q 0 0 0 rg BT 215.71 98.20 Td (expands ) Tj ET Q q 0 0 0 rg BT 247.07 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 259.93 98.20 Td (application ) Tj ET Q q 0 0 0 rg BT 301.78 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 311.14 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.00 98.20 Td (prohibitions ) Tj ET Q q 0 0 0 rg BT 369.36 98.20 Td (to ) Tj ET Q q 0 0 0 rg BT 378.23 98.20 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 412.59 98.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 452.95 98.20 Td (such ) Tj ET Q q 0 0 0 rg BT 471.31 98.20 Td (as ) Tj ET Q q 0 0 0 rg BT 480.67 98.20 Td (ours, ) Tj ET Q q 0 0 0 rg BT 500.28 98.20 Td (and ) Tj ET Q q 0 0 0 rg BT 515.14 98.20 Td (introduced ) Tj ET Q q 0 0 0 rg BT 555.49 98.20 Td (limits ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 87.40 Td (on ) Tj ET Q q 0 0 0 rg BT 47.90 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.79 87.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 87.68 87.40 Td (of ) Tj ET Q q 0 0 0 rg BT 98.07 87.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 139.46 87.40 Td (and ) Tj ET Q q 0 0 0 rg BT 155.35 87.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 185.74 87.40 Td (to ) Tj ET Q q 0 0 0 rg BT 195.64 87.40 Td (do ) Tj ET Q q 0 0 0 rg BT 207.53 87.40 Td (business ) Tj ET Q q 0 0 0 rg BT 240.93 87.40 Td (or ) Tj ET Q q 0 0 0 rg BT 251.32 87.40 Td (trade ) Tj ET Q q 0 0 0 rg BT 272.21 87.40 Td (with ) Tj ET Q q 0 0 0 rg BT 291.10 87.40 Td (Iran ) Tj ET Q q 0 0 0 rg BT 308.49 87.40 Td (when ) Tj ET Q q 0 0 0 rg BT 330.88 87.40 Td (such ) Tj ET Q q 0 0 0 rg BT 350.27 87.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 385.66 87.40 Td (relate ) Tj ET Q q 0 0 0 rg BT 408.53 87.40 Td (to ) Tj ET Q q 0 0 0 rg BT 418.43 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 432.32 87.40 Td (investment, ) Tj ET Q q 0 0 0 rg BT 476.96 87.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 503.86 87.40 Td (or ) Tj ET Q q 0 0 0 rg BT 514.25 87.40 Td (export ) Tj ET Q q 0 0 0 rg BT 540.14 87.40 Td (of ) Tj ET Q q 0 0 0 rg BT 550.53 87.40 Td (refined ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 76.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 74.66 76.60 Td (or ) Tj ET Q q 0 0 0 rg BT 84.32 76.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 122.98 76.60 Td (products. ) Tj ET Q q 0 0 0 rg BT 158.39 76.60 Td (On ) Tj ET Q q 0 0 0 rg BT 171.08 76.60 Td (August ) Tj ET Q q 0 0 0 rg BT 199.25 76.60 Td (10, ) Tj ET Q q 0 0 0 rg BT 212.67 76.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 235.09 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.26 76.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 266.43 76.60 Td (signed ) Tj ET Q q 0 0 0 rg BT 292.10 76.60 Td (into ) Tj ET Q q 0 0 0 rg BT 308.27 76.60 Td (law ) Tj ET Q q 0 0 0 rg BT 323.43 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.59 76.60 Td (Iran ) Tj ET Q q 0 0 0 rg BT 353.09 76.60 Td (Threat ) Tj ET Q q 0 0 0 rg BT 378.75 76.60 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 417.91 76.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.07 76.60 Td (Syria ) Tj ET Q q 0 0 0 rg BT 454.24 76.60 Td (Human ) Tj ET Q q 0 0 0 rg BT 482.90 76.60 Td (Rights ) Tj ET Q q 0 0 0 rg BT 508.10 76.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 523.26 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 532.93 76.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 555.35 76.60 Td (or ) Tj ET Q q 0 0 0 rg BT 565.01 76.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 65.80 Td (Iran ) Tj ET Q q 0 0 0 rg BT 52.70 65.80 Td (Threat ) Tj ET Q q 0 0 0 rg BT 78.57 65.80 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 117.42 65.80 Td (Act, ) Tj ET Q q 0 0 0 rg BT 135.05 65.80 Td (which ) Tj ET Q q 0 0 0 rg BT 159.43 65.80 Td (places ) Tj ET Q q 0 0 0 rg BT 184.31 65.80 Td (further ) Tj ET Q q 0 0 0 rg BT 211.18 65.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 253.55 65.80 Td (on ) Tj ET Q q 0 0 0 rg BT 264.94 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 278.32 65.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 303.70 65.80 Td (of ) Tj ET Q q 0 0 0 rg BT 313.58 65.80 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 348.47 65.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 389.34 65.80 Td (to ) Tj ET Q q 0 0 0 rg BT 398.73 65.80 Td (do ) Tj ET Q q 0 0 0 rg BT 410.11 65.80 Td (business ) Tj ET Q q 0 0 0 rg BT 443.00 65.80 Td (or ) Tj ET Q q 0 0 0 rg BT 452.88 65.80 Td (trade ) Tj ET Q q 0 0 0 rg BT 473.25 65.80 Td (with ) Tj ET Q q 0 0 0 rg BT 491.64 65.80 Td (Iran ) Tj ET Q q 0 0 0 rg BT 508.51 65.80 Td (and ) Tj ET Q q 0 0 0 rg BT 523.89 65.80 Td (Syria. ) Tj ET Q q 0 0 0 rg BT 547.53 65.80 Td (Perhaps ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 55.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.60 55.00 Td (most ) Tj ET Q q 0 0 0 rg BT 69.70 55.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 110.30 55.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 146.90 55.00 Td (in ) Tj ET Q q 0 0 0 rg BT 156.50 55.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.10 55.00 Td (Iran ) Tj ET Q q 0 0 0 rg BT 187.00 55.00 Td (Threat ) Tj ET Q q 0 0 0 rg BT 213.09 55.00 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 252.11 55.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 267.71 55.00 Td (is ) Tj ET Q q 0 0 0 rg BT 276.31 55.00 Td (that ) Tj ET Q q 0 0 0 rg BT 292.41 55.00 Td (prohibitions ) Tj ET Q q 0 0 0 rg BT 338.52 55.00 Td (in ) Tj ET Q q 0 0 0 rg BT 348.12 55.00 Td (the ) Tj ET Q q 0 0 0 rg BT 361.72 55.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 392.82 55.00 Td (Iran ) Tj ET Q q 0 0 0 rg BT 409.91 55.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 446.01 55.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 485.59 55.00 Td (to ) Tj ET Q q 0 0 0 rg BT 495.19 55.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 513.80 55.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 543.90 55.00 Td (will ) Tj ET Q q 0 0 0 rg BT 560.50 55.00 Td (now ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 44.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 58.13 44.20 Td (to ) Tj ET Q q 0 0 0 rg BT 67.26 44.20 Td (any ) Tj ET Q q 0 0 0 rg BT 82.38 44.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 110.50 44.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 133.13 44.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 159.26 44.20 Td (or ) Tj ET Q q 0 0 0 rg BT 168.89 44.20 Td (controlled ) Tj ET Q q 0 0 0 rg BT 207.51 44.20 Td (by ) Tj ET Q q 0 0 0 rg BT 218.64 44.20 Td (a ) Tj ET Q q 0 0 0 rg BT 224.76 44.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 242.90 44.20 Td (person. ) Tj ET Q q 0 0 0 rg BT 271.12 44.20 Td (These ) Tj ET Q q 0 0 0 rg BT 294.74 44.20 Td (new ) Tj ET Q q 0 0 0 rg BT 311.87 44.20 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 347.49 44.20 Td (were ) Tj ET Q q 0 0 0 rg BT 367.11 44.20 Td (codified ) Tj ET Q q 0 0 0 rg BT 398.73 44.20 Td (within ) Tj ET Q q 0 0 0 rg BT 423.86 44.20 Td (the ) Tj ET Q q 0 0 0 rg BT 436.99 44.20 Td (Iranian ) Tj ET Q q 0 0 0 rg BT 464.45 44.20 Td (T) Tj ET Q q 0 0 0 rg BT 469.63 44.20 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 512.25 44.20 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 557.38 44.20 Td (on ) Tj ET Q q 0 0 0 rg BT 568.51 44.20 Td (or ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (about ) Tj ET Q q 0 0 0 rg BT 58.35 749.80 Td (December ) Tj ET Q q 0 0 0 rg BT 97.68 749.80 Td (26, ) Tj ET Q q 0 0 0 rg BT 111.28 749.80 Td (2012. ) Tj ET Q q 0 0 0 rg BT 133.71 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 150.06 749.80 Td (other ) Tj ET Q q 0 0 0 rg BT 170.91 749.80 Td (major ) Tj ET Q q 0 0 0 rg BT 194.25 749.80 Td (provision ) Tj ET Q q 0 0 0 rg BT 230.61 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 239.96 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 253.31 749.80 Td (Iran ) Tj ET Q q 0 0 0 rg BT 269.98 749.80 Td (Threat ) Tj ET Q q 0 0 0 rg BT 295.82 749.80 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 334.65 749.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 349.99 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 358.35 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 374.20 749.80 Td (issuers ) Tj ET Q q 0 0 0 rg BT 401.05 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 410.90 749.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 447.24 749.80 Td (must ) Tj ET Q q 0 0 0 rg BT 467.10 749.80 Td (disclose ) Tj ET Q q 0 0 0 rg BT 498.45 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.80 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 521.15 749.80 Td (Commission ) Tj ET Q q 0 0 0 rg BT 569.02 749.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (their ) Tj ET Q q 0 0 0 rg BT 54.95 739.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 81.40 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 96.86 739.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 131.80 739.00 Td (reports ) Tj ET Q q 0 0 0 rg BT 159.25 739.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 178.21 739.00 Td (after ) Tj ET Q q 0 0 0 rg BT 197.15 739.00 Td (February ) Tj ET Q q 0 0 0 rg BT 232.10 739.00 Td (6, ) Tj ET Q q 0 0 0 rg BT 241.31 739.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 261.77 739.00 Td (if ) Tj ET Q q 0 0 0 rg BT 269.73 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.18 739.00 Td (issuer ) Tj ET Q q 0 0 0 rg BT 306.64 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 316.59 739.00 Td (any ) Tj ET Q q 0 0 0 rg BT 336.04 739.00 Td (af) Tj ET Q q 0 0 0 rg BT 342.87 739.00 Td (filiate ) Tj ET Q q 0 0 0 rg BT 370.32 739.00 Td (has ) Tj ET Q q 0 0 0 rg BT 384.77 739.00 Td (knowingly ) Tj ET Q q 0 0 0 rg BT 433.72 739.00 Td (engaged ) Tj ET Q q 0 0 0 rg BT 466.17 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 475.63 739.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.57 739.00 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 543.52 739.00 Td (activities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (involving ) Tj ET Q q 0 0 0 rg BT 72.13 728.20 Td (Iran ) Tj ET Q q 0 0 0 rg BT 88.24 728.20 Td (during ) Tj ET Q q 0 0 0 rg BT 113.37 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 125.99 728.20 Td (timeframe ) Tj ET Q q 0 0 0 rg BT 164.59 728.20 Td (covered ) Tj ET Q q 0 0 0 rg BT 194.70 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 205.33 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 217.95 728.20 Td (report. ) Tj ET Q q 0 0 0 rg BT 243.19 728.20 Td (The ) Tj ET Q q 0 0 0 rg BT 258.81 728.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 296.93 728.20 Td (must ) Tj ET Q q 0 0 0 rg BT 316.06 728.20 Td (describe ) Tj ET Q q 0 0 0 rg BT 347.67 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 360.29 728.20 Td (nature ) Tj ET Q q 0 0 0 rg BT 384.40 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 399.02 728.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 422.64 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 431.76 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 444.38 728.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 473.00 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 481.63 728.20 Td (detail ) Tj ET Q q 0 0 0 rg BT 503.25 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 517.87 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 530.49 728.20 Td (Commission ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (will ) Tj ET Q q 0 0 0 rg BT 52.08 717.40 Td (publish ) Tj ET Q q 0 0 0 rg BT 80.67 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 93.75 717.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 132.33 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 143.41 717.40 Td (its ) Tj ET Q q 0 0 0 rg BT 154.00 717.40 Td (website. ) Tj ET Q q 0 0 0 rg BT 185.67 717.40 Td (The ) Tj ET Q q 0 0 0 rg BT 201.75 717.40 Td (President ) Tj ET Q q 0 0 0 rg BT 237.33 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 246.91 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 259.99 717.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 278.08 717.40 Td (must ) Tj ET Q q 0 0 0 rg BT 297.67 717.40 Td (then ) Tj ET Q q 0 0 0 rg BT 315.25 717.40 Td (initiate ) Tj ET Q q 0 0 0 rg BT 342.32 717.40 Td (an ) Tj ET Q q 0 0 0 rg BT 352.90 717.40 Td (investigation ) Tj ET Q q 0 0 0 rg BT 401.48 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 416.56 717.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 454.62 717.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 485.69 717.40 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 521.27 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 532.36 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 545.44 717.40 Td (issuer ) Tj ET Q q 0 0 0 rg BT 568.52 717.40 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (its ) Tj ET Q q 0 0 0 rg BT 47.44 706.60 Td (af) Tj ET Q q 0 0 0 rg BT 54.27 706.60 Td (filiate ) Tj ET Q q 0 0 0 rg BT 78.20 706.60 Td (will ) Tj ET Q q 0 0 0 rg BT 95.14 706.60 Td (be ) Tj ET Q q 0 0 0 rg BT 106.57 706.60 Td (imposed. ) Tj ET Q q 0 0 0 rg BT 142.25 706.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 163.19 706.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 196.62 706.60 Td (publicity ) Tj ET Q q 0 0 0 rg BT 231.55 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.48 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.42 706.60 Td (possibility ) Tj ET Q q 0 0 0 rg BT 301.86 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 318.29 706.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 354.73 706.60 Td (could ) Tj ET Q q 0 0 0 rg BT 377.66 706.60 Td (be ) Tj ET Q q 0 0 0 rg BT 389.09 706.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 422.53 706.60 Td (would ) Tj ET Q q 0 0 0 rg BT 447.97 706.60 Td (present ) Tj ET Q q 0 0 0 rg BT 476.89 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 483.83 706.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 500.27 706.60 Td (for ) Tj ET Q q 0 0 0 rg BT 513.70 706.60 Td (any ) Tj ET Q q 0 0 0 rg BT 529.63 706.60 Td (issuer ) Tj ET Q q 0 0 0 rg BT 553.56 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 570.00 706.60 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (knowingly ) Tj ET Q q 0 0 0 rg BT 77.36 695.80 Td (engaged ) Tj ET Q q 0 0 0 rg BT 110.20 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 120.06 695.80 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 161.40 695.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 192.75 695.80 Td (or ) Tj ET Q q 0 0 0 rg BT 203.10 695.80 Td (that ) Tj ET Q q 0 0 0 rg BT 219.46 695.80 Td (has ) Tj ET Q q 0 0 0 rg BT 234.31 695.80 Td (an ) Tj ET Q q 0 0 0 rg BT 245.66 695.80 Td (af) Tj ET Q q 0 0 0 rg BT 252.49 695.80 Td (filiate ) Tj ET Q q 0 0 0 rg BT 276.34 695.80 Td (that ) Tj ET Q q 0 0 0 rg BT 292.69 695.80 Td (is ) Tj ET Q q 0 0 0 rg BT 301.55 695.80 Td (knowingly ) Tj ET Q q 0 0 0 rg BT 342.91 695.80 Td (engaged ) Tj ET Q q 0 0 0 rg BT 375.75 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 385.61 695.80 Td (such ) Tj ET Q q 0 0 0 rg BT 404.96 695.80 Td (conduct. ) Tj ET Q q 0 0 0 rg BT 437.93 695.80 Td (At ) Tj ET Q q 0 0 0 rg BT 449.79 695.80 Td (this ) Tj ET Q q 0 0 0 rg BT 465.65 695.80 Td (time, ) Tj ET Q q 0 0 0 rg BT 486.75 695.80 Td (we ) Tj ET Q q 0 0 0 rg BT 500.10 695.80 Td (are ) Tj ET Q q 0 0 0 rg BT 513.95 695.80 Td (not ) Tj ET Q q 0 0 0 rg BT 528.30 695.80 Td (aware ) Tj ET Q q 0 0 0 rg BT 552.64 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 563.00 695.80 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (violative ) Tj ET Q q 0 0 0 rg BT 69.74 685.00 Td (activity) Tj ET Q q 0 0 0 rg BT 96.15 685.00 Td (, ) Tj ET Q q 0 0 0 rg BT 100.65 685.00 Td (conducted ) Tj ET Q q 0 0 0 rg BT 139.88 685.00 Td (by ) Tj ET Q q 0 0 0 rg BT 151.13 685.00 Td (ourselves ) Tj ET Q q 0 0 0 rg BT 187.37 685.00 Td (or ) Tj ET Q q 0 0 0 rg BT 197.12 685.00 Td (by ) Tj ET Q q 0 0 0 rg BT 208.37 685.00 Td (any ) Tj ET Q q 0 0 0 rg BT 223.62 685.00 Td (af) Tj ET Q q 0 0 0 rg BT 230.44 685.00 Td (filiate, ) Tj ET Q q 0 0 0 rg BT 255.93 685.00 Td (which ) Tj ET Q q 0 0 0 rg BT 280.18 685.00 Td (is ) Tj ET Q q 0 0 0 rg BT 288.43 685.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 311.18 685.00 Td (to ) Tj ET Q q 0 0 0 rg BT 320.43 685.00 Td (trigger ) Tj ET Q q 0 0 0 rg BT 346.67 685.00 Td (a ) Tj ET Q q 0 0 0 rg BT 352.91 685.00 Td (Commission ) Tj ET Q q 0 0 0 rg BT 400.67 685.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 439.41 685.00 Td (requirement.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (Certain ) Tj ET Q q 0 0 0 rg BT 65.15 657.40 Td (of ) Tj ET Q q 0 0 0 rg BT 75.30 657.40 Td (our ) Tj ET Q q 0 0 0 rg BT 89.95 657.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 129.10 657.40 Td (or ) Tj ET Q q 0 0 0 rg BT 139.26 657.40 Td (other ) Tj ET Q q 0 0 0 rg BT 160.41 657.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 187.05 657.40 Td (that ) Tj ET Q q 0 0 0 rg BT 203.21 657.40 Td (we ) Tj ET Q q 0 0 0 rg BT 216.36 657.40 Td (have ) Tj ET Q q 0 0 0 rg BT 236.00 657.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 265.14 657.40 Td (into ) Tj ET Q q 0 0 0 rg BT 281.80 657.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 316.94 657.40 Td (with ) Tj ET Q q 0 0 0 rg BT 335.60 657.40 Td (may ) Tj ET Q q 0 0 0 rg BT 353.75 657.40 Td (be ) Tj ET Q q 0 0 0 rg BT 364.90 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.55 657.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 406.70 657.40 Td (of ) Tj ET Q q 0 0 0 rg BT 416.85 657.40 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 453.01 657.40 Td (imposed ) Tj ET Q q 0 0 0 rg BT 486.16 657.40 Td (by ) Tj ET Q q 0 0 0 rg BT 497.82 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 657.40 Td (United ) Tj ET Q q 0 0 0 rg BT 538.62 657.40 Td (States, ) Tj ET Q q 0 0 0 rg BT 565.03 657.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.60 Td (European ) Tj ET Q q 0 0 0 rg BT 72.94 646.60 Td (Union, ) Tj ET Q q 0 0 0 rg BT 100.15 646.60 Td (Norway ) Tj ET Q q 0 0 0 rg BT 131.59 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.04 646.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 152.00 646.60 Td (or ) Tj ET Q q 0 0 0 rg BT 161.95 646.60 Td (other ) Tj ET Q q 0 0 0 rg BT 182.90 646.60 Td (international ) Tj ET Q q 0 0 0 rg BT 230.84 646.60 Td (bodies ) Tj ET Q q 0 0 0 rg BT 256.79 646.60 Td (as ) Tj ET Q q 0 0 0 rg BT 266.74 646.60 Td (a ) Tj ET Q q 0 0 0 rg BT 273.19 646.60 Td (result ) Tj ET Q q 0 0 0 rg BT 295.64 646.60 Td (of ) Tj ET Q q 0 0 0 rg BT 305.60 646.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.05 646.60 Td (annexation ) Tj ET Q q 0 0 0 rg BT 360.99 646.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.94 646.60 Td (Crimea ) Tj ET Q q 0 0 0 rg BT 399.89 646.60 Td (by ) Tj ET Q q 0 0 0 rg BT 411.34 646.60 Td (Russia ) Tj ET Q q 0 0 0 rg BT 437.80 646.60 Td (in ) Tj ET Q q 0 0 0 rg BT 447.26 646.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 467.71 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.16 646.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.61 646.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 539.06 646.60 Td (conflict ) Tj ET Q q 0 0 0 rg BT 569.01 646.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (eastern ) Tj ET Q q 0 0 0 rg BT 64.10 635.80 Td (Ukraine, ) Tj ET Q q 0 0 0 rg BT 97.95 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 108.06 635.80 Td (may ) Tj ET Q q 0 0 0 rg BT 126.17 635.80 Td (be ) Tj ET Q q 0 0 0 rg BT 137.28 635.80 Td (af) Tj ET Q q 0 0 0 rg BT 144.10 635.80 Td (filiated ) Tj ET Q q 0 0 0 rg BT 172.21 635.80 Td (with ) Tj ET Q q 0 0 0 rg BT 190.82 635.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 220.93 635.80 Td (or ) Tj ET Q q 0 0 0 rg BT 231.04 635.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 259.65 635.80 Td (that ) Tj ET Q q 0 0 0 rg BT 275.76 635.80 Td (are ) Tj ET Q q 0 0 0 rg BT 289.36 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 302.97 635.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.07 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 341.19 635.80 Td (such ) Tj ET Q q 0 0 0 rg BT 360.30 635.80 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 398.66 635.80 Td (If ) Tj ET Q q 0 0 0 rg BT 407.26 635.80 Td (we ) Tj ET Q q 0 0 0 rg BT 420.37 635.80 Td (determine ) Tj ET Q q 0 0 0 rg BT 458.97 635.80 Td (that ) Tj ET Q q 0 0 0 rg BT 475.08 635.80 Td (such ) Tj ET Q q 0 0 0 rg BT 494.19 635.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 530.30 635.80 Td (require ) Tj ET Q q 0 0 0 rg BT 558.39 635.80 Td (us ) Tj ET Q q 0 0 0 rg BT 569.01 635.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (terminate ) Tj ET Q q 0 0 0 rg BT 72.09 625.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 102.69 625.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 137.28 625.00 Td (or ) Tj ET Q q 0 0 0 rg BT 146.88 625.00 Td (if ) Tj ET Q q 0 0 0 rg BT 154.48 625.00 Td (we ) Tj ET Q q 0 0 0 rg BT 167.08 625.00 Td (are ) Tj ET Q q 0 0 0 rg BT 180.17 625.00 Td (found ) Tj ET Q q 0 0 0 rg BT 203.27 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 212.37 625.00 Td (be ) Tj ET Q q 0 0 0 rg BT 222.97 625.00 Td (in ) Tj ET Q q 0 0 0 rg BT 232.08 625.00 Td (violation ) Tj ET Q q 0 0 0 rg BT 266.18 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.78 625.00 Td (such ) Tj ET Q q 0 0 0 rg BT 294.38 625.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 333.46 625.00 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 371.31 625.00 Td (our ) Tj ET Q q 0 0 0 rg BT 385.41 625.00 Td (results ) Tj ET Q q 0 0 0 rg BT 411.02 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 420.62 625.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 460.21 625.00 Td (may ) Tj ET Q q 0 0 0 rg BT 477.81 625.00 Td (be ) Tj ET Q q 0 0 0 rg BT 488.41 625.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 525.00 625.00 Td (af) Tj ET Q q 0 0 0 rg BT 531.83 625.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 555.91 625.00 Td (or ) Tj ET Q q 0 0 0 rg BT 565.51 625.00 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 614.20 Td (may ) Tj ET Q q 0 0 0 rg BT 53.72 614.20 Td (suf) Tj ET Q q 0 0 0 rg BT 64.56 614.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 76.78 614.20 Td (reputational ) Tj ET Q q 0 0 0 rg BT 121.99 614.20 Td (harm. ) Tj ET Q q 0 0 0 rg BT 144.96 614.20 Td (In ) Tj ET Q q 0 0 0 rg BT 154.68 614.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 188.66 614.20 Td (such ) Tj ET Q q 0 0 0 rg BT 207.38 614.20 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 243.11 614.20 Td (may ) Tj ET Q q 0 0 0 rg BT 260.83 614.20 Td (prevent ) Tj ET Q q 0 0 0 rg BT 290.04 614.20 Td (us ) Tj ET Q q 0 0 0 rg BT 300.27 614.20 Td (from ) Tj ET Q q 0 0 0 rg BT 320.00 614.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 348.22 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.45 614.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 401.67 614.20 Td (announced ) Tj ET Q q 0 0 0 rg BT 442.88 614.20 Td (transactions ) Tj ET Q q 0 0 0 rg BT 488.10 614.20 Td (between ) Tj ET Q q 0 0 0 rg BT 520.31 614.20 Td (us ) Tj ET Q q 0 0 0 rg BT 530.54 614.20 Td (and ) Tj ET Q q 0 0 0 rg BT 545.76 614.20 Td (Rosneft, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 603.40 Td (or ) Tj ET Q q 0 0 0 rg BT 46.08 603.40 Td (performing ) Tj ET Q q 0 0 0 rg BT 89.16 603.40 Td (some ) Tj ET Q q 0 0 0 rg BT 110.74 603.40 Td (or ) Tj ET Q q 0 0 0 rg BT 120.82 603.40 Td (all ) Tj ET Q q 0 0 0 rg BT 132.41 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 142.49 603.40 Td (our ) Tj ET Q q 0 0 0 rg BT 157.07 603.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 199.66 603.40 Td (under ) Tj ET Q q 0 0 0 rg BT 222.74 603.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.32 603.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 265.40 603.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 300.47 603.40 Td (with ) Tj ET Q q 0 0 0 rg BT 319.06 603.40 Td (Rosneft, ) Tj ET Q q 0 0 0 rg BT 351.90 603.40 Td (which ) Tj ET Q q 0 0 0 rg BT 376.48 603.40 Td (could ) Tj ET Q q 0 0 0 rg BT 399.06 603.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 426.14 603.40 Td (our ) Tj ET Q q 0 0 0 rg BT 440.72 603.40 Td (future ) Tj ET Q q 0 0 0 rg BT 464.79 603.40 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 498.11 603.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 529.68 603.40 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 563.01 603.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 592.60 Td (results ) Tj ET Q q 0 0 0 rg BT 61.75 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 71.49 592.60 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 565.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.82 565.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.89 565.00 Td (various ) Tj ET Q q 0 0 0 rg BT 108.70 565.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 127.03 565.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 162.84 565.00 Td (have ) Tj ET Q q 0 0 0 rg BT 182.15 565.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 208.96 565.00 Td (extraterritorial ) Tj ET Q q 0 0 0 rg BT 263.25 565.00 Td (ef) Tj ET Q q 0 0 0 rg BT 270.08 565.00 Td (fects ) Tj ET Q q 0 0 0 rg BT 289.39 565.00 Td (that ) Tj ET Q q 0 0 0 rg BT 305.21 565.00 Td (need ) Tj ET Q q 0 0 0 rg BT 324.52 565.00 Td (to ) Tj ET Q q 0 0 0 rg BT 333.84 565.00 Td (be ) Tj ET Q q 0 0 0 rg BT 344.65 565.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 385.96 565.00 Td (by ) Tj ET Q q 0 0 0 rg BT 397.28 565.00 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 432.10 565.00 Td (companies. ) Tj ET Q q 0 0 0 rg BT 475.16 565.00 Td (Moreover) Tj ET Q q 0 0 0 rg BT 510.29 565.00 Td (, ) Tj ET Q q 0 0 0 rg BT 514.86 565.00 Td (any ) Tj ET Q q 0 0 0 rg BT 530.17 565.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 548.50 565.00 Td (persons ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 554.20 Td (who ) Tj ET Q q 0 0 0 rg BT 53.41 554.20 Td (serve ) Tj ET Q q 0 0 0 rg BT 74.30 554.20 Td (as ) Tj ET Q q 0 0 0 rg BT 83.71 554.20 Td (of) Tj ET Q q 0 0 0 rg BT 91.04 554.20 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 115.19 554.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 148.58 554.20 Td (or ) Tj ET Q q 0 0 0 rg BT 157.99 554.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 198.38 554.20 Td (of ) Tj ET Q q 0 0 0 rg BT 207.79 554.20 Td (our ) Tj ET Q q 0 0 0 rg BT 221.70 554.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 266.10 554.20 Td (would ) Tj ET Q q 0 0 0 rg BT 290.51 554.20 Td (be ) Tj ET Q q 0 0 0 rg BT 300.91 554.20 Td (fully ) Tj ET Q q 0 0 0 rg BT 319.82 554.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 347.22 554.20 Td (to ) Tj ET Q q 0 0 0 rg BT 356.13 554.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 374.04 554.20 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 411.69 554.20 Td (It ) Tj ET Q q 0 0 0 rg BT 419.10 554.20 Td (should ) Tj ET Q q 0 0 0 rg BT 445.01 554.20 Td (also ) Tj ET Q q 0 0 0 rg BT 461.41 554.20 Td (be ) Tj ET Q q 0 0 0 rg BT 471.82 554.20 Td (noted ) Tj ET Q q 0 0 0 rg BT 493.72 554.20 Td (that ) Tj ET Q q 0 0 0 rg BT 509.12 554.20 Td (other ) Tj ET Q q 0 0 0 rg BT 529.52 554.20 Td (governments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 543.40 Td (are ) Tj ET Q q 0 0 0 rg BT 50.04 543.40 Td (more ) Tj ET Q q 0 0 0 rg BT 71.59 543.40 Td (frequently ) Tj ET Q q 0 0 0 rg BT 111.63 543.40 Td (implementing ) Tj ET Q q 0 0 0 rg BT 164.68 543.40 Td (versions ) Tj ET Q q 0 0 0 rg BT 197.74 543.40 Td (of ) Tj ET Q q 0 0 0 rg BT 208.29 543.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 227.35 543.40 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 266.15 543.40 Td ( ) Tj ET Q q 0 0 0 rg BT 269.21 543.40 Td (However) Tj ET Q q 0 0 0 rg BT 301.83 543.40 Td (, ) Tj ET Q q 0 0 0 rg BT 307.14 543.40 Td (from ) Tj ET Q q 0 0 0 rg BT 327.69 543.40 Td (time ) Tj ET Q q 0 0 0 rg BT 346.74 543.40 Td (to ) Tj ET Q q 0 0 0 rg BT 356.80 543.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 378.10 543.40 Td (we ) Tj ET Q q 0 0 0 rg BT 391.66 543.40 Td (may ) Tj ET Q q 0 0 0 rg BT 410.21 543.40 Td (enter ) Tj ET Q q 0 0 0 rg BT 431.25 543.40 Td (into ) Tj ET Q q 0 0 0 rg BT 448.31 543.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 477.86 543.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 513.40 543.40 Td (with ) Tj ET Q q 0 0 0 rg BT 532.46 543.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 568.51 543.40 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 532.60 Td (government-controlled ) Tj ET Q q 0 0 0 rg BT 120.75 532.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 149.02 532.60 Td (that ) Tj ET Q q 0 0 0 rg BT 164.80 532.60 Td (are ) Tj ET Q q 0 0 0 rg BT 178.06 532.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 205.83 532.60 Td (to ) Tj ET Q q 0 0 0 rg BT 215.11 532.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 250.89 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 266.16 532.60 Td (embar) Tj ET Q q 0 0 0 rg BT 288.49 532.60 Td (goes ) Tj ET Q q 0 0 0 rg BT 307.26 532.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 340.04 532.60 Td (by ) Tj ET Q q 0 0 0 rg BT 351.32 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.59 532.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 382.87 532.60 Td (government ) Tj ET Q q 0 0 0 rg BT 428.14 532.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 453.41 532.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 490.18 532.60 Td (by ) Tj ET Q q 0 0 0 rg BT 501.46 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.73 532.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 533.02 532.60 Td (government ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 521.80 Td (as ) Tj ET Q q 0 0 0 rg BT 45.56 521.80 Td (state ) Tj ET Q q 0 0 0 rg BT 64.12 521.80 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 97.68 521.80 Td (of ) Tj ET Q q 0 0 0 rg BT 107.25 521.80 Td (terrorism ) Tj ET Q q 0 0 0 rg BT 142.30 521.80 Td (where ) Tj ET Q q 0 0 0 rg BT 166.35 521.80 Td (entering ) Tj ET Q q 0 0 0 rg BT 197.90 521.80 Td (into ) Tj ET Q q 0 0 0 rg BT 213.96 521.80 Td (such ) Tj ET Q q 0 0 0 rg BT 232.52 521.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 267.07 521.80 Td (would ) Tj ET Q q 0 0 0 rg BT 291.63 521.80 Td (not ) Tj ET Q q 0 0 0 rg BT 305.20 521.80 Td (violate ) Tj ET Q q 0 0 0 rg BT 331.75 521.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 349.82 521.80 Td (law) Tj ET Q q 0 0 0 rg BT 362.23 521.80 Td (, ) Tj ET Q q 0 0 0 rg BT 366.54 521.80 Td (or ) Tj ET Q q 0 0 0 rg BT 376.11 521.80 Td (may ) Tj ET Q q 0 0 0 rg BT 393.66 521.80 Td (enter ) Tj ET Q q 0 0 0 rg BT 413.71 521.80 Td (into ) Tj ET Q q 0 0 0 rg BT 429.78 521.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 458.34 521.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 492.89 521.80 Td (involving ) Tj ET Q q 0 0 0 rg BT 529.45 521.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 569.01 521.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 71.39 511.00 Td (or ) Tj ET Q q 0 0 0 rg BT 81.29 511.00 Td (with ) Tj ET Q q 0 0 0 rg BT 99.70 511.00 Td (government-controlled ) Tj ET Q q 0 0 0 rg BT 184.57 511.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 212.97 511.00 Td (that ) Tj ET Q q 0 0 0 rg BT 228.87 511.00 Td (are ) Tj ET Q q 0 0 0 rg BT 242.25 511.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.15 511.00 Td (to ) Tj ET Q q 0 0 0 rg BT 279.55 511.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 315.45 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 330.85 511.00 Td (embar) Tj ET Q q 0 0 0 rg BT 353.17 511.00 Td (goes ) Tj ET Q q 0 0 0 rg BT 372.07 511.00 Td (imposed ) Tj ET Q q 0 0 0 rg BT 404.97 511.00 Td (by ) Tj ET Q q 0 0 0 rg BT 416.38 511.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.77 511.00 Td (U.S ) Tj ET Q q 0 0 0 rg BT 445.93 511.00 Td (government ) Tj ET Q q 0 0 0 rg BT 491.32 511.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 516.72 511.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 553.61 511.00 Td (by ) Tj ET Q q 0 0 0 rg BT 565.01 511.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 53.78 500.20 Td (government ) Tj ET Q q 0 0 0 rg BT 98.55 500.20 Td (as ) Tj ET Q q 0 0 0 rg BT 107.83 500.20 Td (state ) Tj ET Q q 0 0 0 rg BT 126.10 500.20 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 159.38 500.20 Td (of ) Tj ET Q q 0 0 0 rg BT 168.66 500.20 Td (terrorism. ) Tj ET Q q 0 0 0 rg BT 205.67 500.20 Td (However) Tj ET Q q 0 0 0 rg BT 238.30 500.20 Td (, ) Tj ET Q q 0 0 0 rg BT 242.33 500.20 Td (this ) Tj ET Q q 0 0 0 rg BT 257.11 500.20 Td (could ) Tj ET Q q 0 0 0 rg BT 278.88 500.20 Td (negatively ) Tj ET Q q 0 0 0 rg BT 318.15 500.20 Td (af) Tj ET Q q 0 0 0 rg BT 324.98 500.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 340.24 500.20 Td (our ) Tj ET Q q 0 0 0 rg BT 354.02 500.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 378.79 500.20 Td (to ) Tj ET Q q 0 0 0 rg BT 387.57 500.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 411.85 500.20 Td (investors. ) Tj ET Q q 0 0 0 rg BT 448.38 500.20 Td (In ) Tj ET Q q 0 0 0 rg BT 457.65 500.20 Td (some ) Tj ET Q q 0 0 0 rg BT 478.43 500.20 Td (cases, ) Tj ET Q q 0 0 0 rg BT 501.44 500.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 519.23 500.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 553.50 500.20 Td (would ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 489.40 Td (be ) Tj ET Q q 0 0 0 rg BT 46.89 489.40 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 86.27 489.40 Td (from ) Tj ET Q q 0 0 0 rg BT 106.16 489.40 Td (investing ) Tj ET Q q 0 0 0 rg BT 141.55 489.40 Td (in ) Tj ET Q q 0 0 0 rg BT 150.94 489.40 Td (an ) Tj ET Q q 0 0 0 rg BT 161.83 489.40 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 209.19 489.40 Td (in ) Tj ET Q q 0 0 0 rg BT 218.58 489.40 Td (which ) Tj ET Q q 0 0 0 rg BT 242.97 489.40 Td (the ) Tj ET Q q 0 0 0 rg BT 256.36 489.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 290.73 489.40 Td (could ) Tj ET Q q 0 0 0 rg BT 313.12 489.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 343.00 489.40 Td (or ) Tj ET Q q 0 0 0 rg BT 352.89 489.40 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 389.77 489.40 Td (be ) Tj ET Q q 0 0 0 rg BT 400.65 489.40 Td (transferred ) Tj ET Q q 0 0 0 rg BT 442.02 489.40 Td (to ) Tj ET Q q 0 0 0 rg BT 451.41 489.40 Td (or ) Tj ET Q q 0 0 0 rg BT 461.30 489.40 Td (may ) Tj ET Q q 0 0 0 rg BT 479.19 489.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 506.56 489.40 Td (a ) Tj ET Q q 0 0 0 rg BT 512.95 489.40 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 553.83 489.40 Td (entity) Tj ET Q q 0 0 0 rg BT 573.74 489.40 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 478.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 71.13 478.60 Td (, ) Tj ET Q q 0 0 0 rg BT 75.28 478.60 Td (even ) Tj ET Q q 0 0 0 rg BT 94.17 478.60 Td (in ) Tj ET Q q 0 0 0 rg BT 103.07 478.60 Td (cases ) Tj ET Q q 0 0 0 rg BT 123.96 478.60 Td (where ) Tj ET Q q 0 0 0 rg BT 147.84 478.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.74 478.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 202.13 478.60 Td (would ) Tj ET Q q 0 0 0 rg BT 226.54 478.60 Td (not ) Tj ET Q q 0 0 0 rg BT 239.94 478.60 Td (violate ) Tj ET Q q 0 0 0 rg BT 266.33 478.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 284.23 478.60 Td (law) Tj ET Q q 0 0 0 rg BT 296.64 478.60 Td (, ) Tj ET Q q 0 0 0 rg BT 300.80 478.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 334.19 478.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 368.59 478.60 Td (could ) Tj ET Q q 0 0 0 rg BT 390.48 478.60 Td (view ) Tj ET Q q 0 0 0 rg BT 409.88 478.60 Td (such ) Tj ET Q q 0 0 0 rg BT 428.28 478.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 456.68 478.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 491.06 478.60 Td (negatively) Tj ET Q q 0 0 0 rg BT 527.96 478.60 Td (, ) Tj ET Q q 0 0 0 rg BT 532.11 478.60 Td (which ) Tj ET Q q 0 0 0 rg BT 556.01 478.60 Td (could ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 467.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 72.21 467.80 Td (af) Tj ET Q q 0 0 0 rg BT 79.04 467.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 94.25 467.80 Td (our ) Tj ET Q q 0 0 0 rg BT 107.96 467.80 Td (reputation ) Tj ET Q q 0 0 0 rg BT 146.18 467.80 Td (and ) Tj ET Q q 0 0 0 rg BT 160.89 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 173.61 467.80 Td (market ) Tj ET Q q 0 0 0 rg BT 200.32 467.80 Td (for ) Tj ET Q q 0 0 0 rg BT 212.54 467.80 Td (our ) Tj ET Q q 0 0 0 rg BT 226.26 467.80 Td (shares. ) Tj ET Q q 0 0 0 rg BT 252.60 467.80 Td (W) Tj ET Q q 0 0 0 rg BT 260.73 467.80 Td (ith ) Tj ET Q q 0 0 0 rg BT 271.95 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 284.67 467.80 Td (exception ) Tj ET Q q 0 0 0 rg BT 321.38 467.80 Td (of ) Tj ET Q q 0 0 0 rg BT 330.60 467.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.80 467.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 385.03 467.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 419.23 467.80 Td (between ) Tj ET Q q 0 0 0 rg BT 450.94 467.80 Td (us ) Tj ET Q q 0 0 0 rg BT 460.66 467.80 Td (and ) Tj ET Q q 0 0 0 rg BT 475.38 467.80 Td (Rosneft, ) Tj ET Q q 0 0 0 rg BT 507.35 467.80 Td (we ) Tj ET Q q 0 0 0 rg BT 519.57 467.80 Td (do ) Tj ET Q q 0 0 0 rg BT 530.29 467.80 Td (not ) Tj ET Q q 0 0 0 rg BT 543.51 467.80 Td (currently ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 457.00 Td (have ) Tj ET Q q 0 0 0 rg BT 55.60 457.00 Td (any ) Tj ET Q q 0 0 0 rg BT 71.20 457.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 100.30 457.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 135.40 457.00 Td (or ) Tj ET Q q 0 0 0 rg BT 145.50 457.00 Td (plans ) Tj ET Q q 0 0 0 rg BT 167.10 457.00 Td (to ) Tj ET Q q 0 0 0 rg BT 176.71 457.00 Td (initiate ) Tj ET Q q 0 0 0 rg BT 204.31 457.00 Td (any ) Tj ET Q q 0 0 0 rg BT 219.91 457.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 249.02 457.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 284.11 457.00 Td (involving ) Tj ET Q q 0 0 0 rg BT 321.22 457.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.31 457.00 Td (in ) Tj ET Q q 0 0 0 rg BT 370.92 457.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 406.52 457.00 Td (or ) Tj ET Q q 0 0 0 rg BT 416.62 457.00 Td (with ) Tj ET Q q 0 0 0 rg BT 435.23 457.00 Td (government-controlled ) Tj ET Q q 0 0 0 rg BT 520.31 457.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 548.91 457.00 Td (that ) Tj ET Q q 0 0 0 rg BT 565.01 457.00 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 446.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 63.74 446.20 Td (to ) Tj ET Q q 0 0 0 rg BT 72.99 446.20 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 108.74 446.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.98 446.20 Td (embar) Tj ET Q q 0 0 0 rg BT 146.31 446.20 Td (goes ) Tj ET Q q 0 0 0 rg BT 165.05 446.20 Td (imposed ) Tj ET Q q 0 0 0 rg BT 197.80 446.20 Td (by ) Tj ET Q q 0 0 0 rg BT 209.05 446.20 Td (the ) Tj ET Q q 0 0 0 rg BT 222.30 446.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 240.55 446.20 Td (government ) Tj ET Q q 0 0 0 rg BT 285.79 446.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 311.03 446.20 Td (identified ) Tj ET Q q 0 0 0 rg BT 347.77 446.20 Td (by ) Tj ET Q q 0 0 0 rg BT 359.02 446.20 Td (the ) Tj ET Q q 0 0 0 rg BT 372.27 446.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 390.52 446.20 Td (government ) Tj ET Q q 0 0 0 rg BT 435.76 446.20 Td (as ) Tj ET Q q 0 0 0 rg BT 445.50 446.20 Td (state ) Tj ET Q q 0 0 0 rg BT 464.25 446.20 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 498.00 446.20 Td (of ) Tj ET Q q 0 0 0 rg BT 507.75 446.20 Td (terrorism.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.60 Td (On ) Tj ET Q q 0 0 0 rg BT 49.60 418.60 Td (November ) Tj ET Q q 0 0 0 rg BT 90.19 418.60 Td (24, ) Tj ET Q q 0 0 0 rg BT 104.04 418.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 126.89 418.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.49 418.60 Td (P5+1 ) Tj ET Q q 0 0 0 rg BT 162.17 418.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 178.77 418.60 Td (United ) Tj ET Q q 0 0 0 rg BT 205.86 418.60 Td (States, ) Tj ET Q q 0 0 0 rg BT 232.21 418.60 Td (United ) Tj ET Q q 0 0 0 rg BT 259.31 418.60 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 298.16 418.60 Td (Germany) Tj ET Q q 0 0 0 rg BT 331.06 418.60 Td (, ) Tj ET Q q 0 0 0 rg BT 335.91 418.60 Td (France, ) Tj ET Q q 0 0 0 rg BT 365.25 418.60 Td (Russia ) Tj ET Q q 0 0 0 rg BT 391.86 418.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.45 418.60 Td (China\) ) Tj ET Q q 0 0 0 rg BT 434.55 418.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 463.63 418.60 Td (into ) Tj ET Q q 0 0 0 rg BT 480.23 418.60 Td (an ) Tj ET Q q 0 0 0 rg BT 491.33 418.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 519.93 418.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 560.00 418.60 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.80 Td (Iran ) Tj ET Q q 0 0 0 rg BT 52.77 407.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 82.04 407.80 Td (the ) Tj ET Q q 0 0 0 rg BT 95.32 407.80 Td ("Joint ) Tj ET Q q 0 0 0 rg BT 118.78 407.80 Td (Plan ) Tj ET Q q 0 0 0 rg BT 137.06 407.80 Td (of ) Tj ET Q q 0 0 0 rg BT 146.34 407.80 Td (Action", ) Tj ET Q q 0 0 0 rg BT 179.04 407.80 Td (or ) Tj ET Q q 0 0 0 rg BT 188.82 407.80 Td (JPOA. ) Tj ET Q q 0 0 0 rg BT 214.85 407.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 239.63 407.80 Td (the ) Tj ET Q q 0 0 0 rg BT 252.90 407.80 Td (JPOA) Tj ET Q q 0 0 0 rg BT 273.92 407.80 Td ( ) Tj ET Q q 0 0 0 rg BT 276.20 407.80 Td (it ) Tj ET Q q 0 0 0 rg BT 283.48 407.80 Td (was ) Tj ET Q q 0 0 0 rg BT 299.76 407.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 326.02 407.80 Td (that, ) Tj ET Q q 0 0 0 rg BT 344.05 407.80 Td (in ) Tj ET Q q 0 0 0 rg BT 353.33 407.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 389.59 407.80 Td (for ) Tj ET Q q 0 0 0 rg BT 402.37 407.80 Td (Iran ) Tj ET Q q 0 0 0 rg BT 419.14 407.80 Td (taking ) Tj ET Q q 0 0 0 rg BT 443.91 407.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 470.68 407.80 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 507.45 407.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 543.22 407.80 Td (to ) Tj ET Q q 0 0 0 rg BT 552.50 407.80 Td (ensure ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 397.00 Td (that ) Tj ET Q q 0 0 0 rg BT 51.76 397.00 Td (its ) Tj ET Q q 0 0 0 rg BT 62.53 397.00 Td (nuclear ) Tj ET Q q 0 0 0 rg BT 91.28 397.00 Td (program ) Tj ET Q q 0 0 0 rg BT 124.04 397.00 Td (is ) Tj ET Q q 0 0 0 rg BT 132.31 397.00 Td (only ) Tj ET Q q 0 0 0 rg BT 150.58 397.00 Td (used ) Tj ET Q q 0 0 0 rg BT 169.34 397.00 Td (for ) Tj ET Q q 0 0 0 rg BT 182.10 397.00 Td (peaceful ) Tj ET Q q 0 0 0 rg BT 214.85 397.00 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 251.36 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.63 397.00 Td (United ) Tj ET Q q 0 0 0 rg BT 291.39 397.00 Td (States ) Tj ET Q q 0 0 0 rg BT 315.15 397.00 Td (and ) Tj ET Q q 0 0 0 rg BT 330.42 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.68 397.00 Td (European ) Tj ET Q q 0 0 0 rg BT 380.43 397.00 Td (Union ) Tj ET Q q 0 0 0 rg BT 405.20 397.00 Td (would ) Tj ET Q q 0 0 0 rg BT 429.97 397.00 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 471.73 397.00 Td (suspend ) Tj ET Q q 0 0 0 rg BT 502.99 397.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 529.74 397.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 565.51 397.00 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 386.20 Td (a ) Tj ET Q q 0 0 0 rg BT 42.40 386.20 Td (period ) Tj ET Q q 0 0 0 rg BT 67.80 386.20 Td (of ) Tj ET Q q 0 0 0 rg BT 77.71 386.20 Td (six ) Tj ET Q q 0 0 0 rg BT 90.62 386.20 Td (months. ) Tj ET Q q 0 0 0 rg BT 121.78 386.20 Td (On ) Tj ET Q q 0 0 0 rg BT 135.18 386.20 Td (January ) Tj ET Q q 0 0 0 rg BT 165.58 386.20 Td (20, ) Tj ET Q q 0 0 0 rg BT 179.24 386.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 201.89 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 215.30 386.20 Td (United ) Tj ET Q q 0 0 0 rg BT 242.20 386.20 Td (States ) Tj ET Q q 0 0 0 rg BT 266.10 386.20 Td (and ) Tj ET Q q 0 0 0 rg BT 281.51 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 294.91 386.20 Td (European ) Tj ET Q q 0 0 0 rg BT 331.80 386.20 Td (Union ) Tj ET Q q 0 0 0 rg BT 356.71 386.20 Td (indicated ) Tj ET Q q 0 0 0 rg BT 392.10 386.20 Td (that ) Tj ET Q q 0 0 0 rg BT 408.00 386.20 Td (they ) Tj ET Q q 0 0 0 rg BT 425.90 386.20 Td (would ) Tj ET Q q 0 0 0 rg BT 450.81 386.20 Td (begin ) Tj ET Q q 0 0 0 rg BT 473.21 386.20 Td (implementing ) Tj ET Q q 0 0 0 rg BT 525.61 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 539.02 386.20 Td (temporary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 375.40 Td (relief ) Tj ET Q q 0 0 0 rg BT 58.87 375.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 96.24 375.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 132.11 375.40 Td (for ) Tj ET Q q 0 0 0 rg BT 146.49 375.40 Td (under ) Tj ET Q q 0 0 0 rg BT 170.87 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.75 375.40 Td (JPOA. ) Tj ET Q q 0 0 0 rg BT 213.11 375.40 Td (These ) Tj ET Q q 0 0 0 rg BT 238.48 375.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 275.85 375.40 Td (include, ) Tj ET Q q 0 0 0 rg BT 308.47 375.40 Td (among ) Tj ET Q q 0 0 0 rg BT 336.85 375.40 Td (other ) Tj ET Q q 0 0 0 rg BT 359.23 375.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 387.37 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 402.24 375.40 Td (suspension ) Tj ET Q q 0 0 0 rg BT 445.63 375.40 Td (of ) Tj ET Q q 0 0 0 rg BT 457.01 375.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 485.38 375.40 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 522.76 375.40 Td (on ) Tj ET Q q 0 0 0 rg BT 535.64 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 550.52 375.40 Td (Iranian ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 364.60 Td (petrochemicals, ) Tj ET Q q 0 0 0 rg BT 94.97 364.60 Td (precious ) Tj ET Q q 0 0 0 rg BT 127.71 364.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 153.46 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.70 364.60 Td (automotive ) Tj ET Q q 0 0 0 rg BT 211.44 364.60 Td (industries ) Tj ET Q q 0 0 0 rg BT 248.69 364.60 Td (from ) Tj ET Q q 0 0 0 rg BT 268.44 364.60 Td (January ) Tj ET Q q 0 0 0 rg BT 298.67 364.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 312.17 364.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 332.42 364.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.67 364.60 Td (July ) Tj ET Q q 0 0 0 rg BT 358.93 364.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 372.43 364.60 Td (2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 337.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.59 337.00 Td (JPOA) Tj ET Q q 0 0 0 rg BT 73.60 337.00 Td ( ) Tj ET Q q 0 0 0 rg BT 76.21 337.00 Td (was ) Tj ET Q q 0 0 0 rg BT 92.80 337.00 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 142.40 337.00 Td (extended ) Tj ET Q q 0 0 0 rg BT 177.49 337.00 Td (twice. ) Tj ET Q q 0 0 0 rg BT 201.83 337.00 Td (On ) Tj ET Q q 0 0 0 rg BT 215.43 337.00 Td (July ) Tj ET Q q 0 0 0 rg BT 233.03 337.00 Td (14, ) Tj ET Q q 0 0 0 rg BT 246.88 337.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 269.74 337.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.33 337.00 Td (P5+1 ) Tj ET Q q 0 0 0 rg BT 305.02 337.00 Td (and ) Tj ET Q q 0 0 0 rg BT 320.61 337.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.21 337.00 Td (E.U. ) Tj ET Q q 0 0 0 rg BT 353.31 337.00 Td (announced ) Tj ET Q q 0 0 0 rg BT 394.89 337.00 Td (that ) Tj ET Q q 0 0 0 rg BT 410.99 337.00 Td (they ) Tj ET Q q 0 0 0 rg BT 429.09 337.00 Td (reached ) Tj ET Q q 0 0 0 rg BT 459.66 337.00 Td (a ) Tj ET Q q 0 0 0 rg BT 466.26 337.00 Td (landmark ) Tj ET Q q 0 0 0 rg BT 502.85 337.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 542.93 337.00 Td (with ) Tj ET Q q 0 0 0 rg BT 561.53 337.00 Td (Iran ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 326.20 Td (titled ) Tj ET Q q 0 0 0 rg BT 55.97 326.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.44 326.20 Td (Joint ) Tj ET Q q 0 0 0 rg BT 87.42 326.20 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 145.38 326.20 Td (Plan ) Tj ET Q q 0 0 0 rg BT 162.86 326.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.50 326.20 Td (Action ) Tj ET Q q 0 0 0 rg BT 197.47 326.20 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 236.44 326.20 Td (the ) Tj ET Q q 0 0 0 rg BT 248.91 326.20 Td (Islamic ) Tj ET Q q 0 0 0 rg BT 276.87 326.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 310.84 326.20 Td (of ) Tj ET Q q 0 0 0 rg BT 319.81 326.20 Td (Iran) Tj ET Q q 0 0 0 rg BT 336.80 326.20 Td (s ) Tj ET Q q 0 0 0 rg BT 341.78 326.20 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 371.73 326.20 Td (Program, ) Tj ET Q q 0 0 0 rg BT 406.45 326.20 Td (or ) Tj ET Q q 0 0 0 rg BT 415.42 326.20 Td (the ) Tj ET Q q 0 0 0 rg BT 427.89 326.20 Td (JCPOA, ) Tj ET Q q 0 0 0 rg BT 459.13 326.20 Td (which ) Tj ET Q q 0 0 0 rg BT 482.60 326.20 Td (is ) Tj ET Q q 0 0 0 rg BT 490.07 326.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 522.54 326.20 Td (to ) Tj ET Q q 0 0 0 rg BT 531.01 326.20 Td (significantly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 315.40 Td (restrict ) Tj ET Q q 0 0 0 rg BT 63.10 315.40 Td (Iran) Tj ET Q q 0 0 0 rg BT 80.08 315.40 Td (s ) Tj ET Q q 0 0 0 rg BT 85.70 315.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 110.80 315.40 Td (to ) Tj ET Q q 0 0 0 rg BT 119.91 315.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 150.51 315.40 Td (and ) Tj ET Q q 0 0 0 rg BT 165.61 315.40 Td (produce ) Tj ET Q q 0 0 0 rg BT 196.71 315.40 Td (nuclear ) Tj ET Q q 0 0 0 rg BT 225.30 315.40 Td (weapons ) Tj ET Q q 0 0 0 rg BT 258.90 315.40 Td (for ) Tj ET Q q 0 0 0 rg BT 271.50 315.40 Td (10 ) Tj ET Q q 0 0 0 rg BT 282.61 315.40 Td (years ) Tj ET Q q 0 0 0 rg BT 303.70 315.40 Td (while ) Tj ET Q q 0 0 0 rg BT 325.81 315.40 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 382.41 315.40 Td (easing ) Tj ET Q q 0 0 0 rg BT 407.51 315.40 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 443.12 315.40 Td (directed ) Tj ET Q q 0 0 0 rg BT 474.21 315.40 Td (toward ) Tj ET Q q 0 0 0 rg BT 501.31 315.40 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 535.92 315.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 565.52 315.40 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 304.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 66.71 304.60 Td (involving ) Tj ET Q q 0 0 0 rg BT 103.43 304.60 Td (Iran, ) Tj ET Q q 0 0 0 rg BT 122.39 304.60 Td (but ) Tj ET Q q 0 0 0 rg BT 136.11 304.60 Td (taking ) Tj ET Q q 0 0 0 rg BT 160.82 304.60 Td (place ) Tj ET Q q 0 0 0 rg BT 182.03 304.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 210.24 304.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.96 304.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 238.18 304.60 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 281.40 304.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.61 304.60 Td (does ) Tj ET Q q 0 0 0 rg BT 315.33 304.60 Td (not ) Tj ET Q q 0 0 0 rg BT 329.05 304.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 358.26 304.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 376.49 304.60 Td (persons. ) Tj ET Q q 0 0 0 rg BT 408.45 304.60 Td (On ) Tj ET Q q 0 0 0 rg BT 421.67 304.60 Td (January ) Tj ET Q q 0 0 0 rg BT 451.88 304.60 Td (16, ) Tj ET Q q 0 0 0 rg BT 465.35 304.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 485.57 304.60 Td (\(Implementation ) Tj ET Q q 0 0 0 rg BT 551.76 304.60 Td (Day\), ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 293.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.31 293.80 Td (United ) Tj ET Q q 0 0 0 rg BT 76.13 293.80 Td (States ) Tj ET Q q 0 0 0 rg BT 99.95 293.80 Td (joined ) Tj ET Q q 0 0 0 rg BT 124.76 293.80 Td (the ) Tj ET Q q 0 0 0 rg BT 138.08 293.80 Td (E.U. ) Tj ET Q q 0 0 0 rg BT 156.89 293.80 Td (and ) Tj ET Q q 0 0 0 rg BT 172.21 293.80 Td (the ) Tj ET Q q 0 0 0 rg BT 185.52 293.80 Td (U.N. ) Tj ET Q q 0 0 0 rg BT 205.34 293.80 Td (in ) Tj ET Q q 0 0 0 rg BT 214.66 293.80 Td (lifting ) Tj ET Q q 0 0 0 rg BT 238.98 293.80 Td (a ) Tj ET Q q 0 0 0 rg BT 245.29 293.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 285.60 293.80 Td (number ) Tj ET Q q 0 0 0 rg BT 315.41 293.80 Td (of ) Tj ET Q q 0 0 0 rg BT 325.23 293.80 Td (their ) Tj ET Q q 0 0 0 rg BT 344.04 293.80 Td (nuclear) Tj ET Q q 0 0 0 rg BT 370.34 293.80 Td (-related ) Tj ET Q q 0 0 0 rg BT 400.14 293.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 435.96 293.80 Td (on ) Tj ET Q q 0 0 0 rg BT 447.27 293.80 Td (Iran ) Tj ET Q q 0 0 0 rg BT 464.08 293.80 Td (following ) Tj ET Q q 0 0 0 rg BT 501.40 293.80 Td (an ) Tj ET Q q 0 0 0 rg BT 512.21 293.80 Td (announcement ) Tj ET Q q 0 0 0 rg BT 567.01 293.80 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 283.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 283.00 Td (International ) Tj ET Q q 0 0 0 rg BT 96.98 283.00 Td (Atomic ) Tj ET Q q 0 0 0 rg BT 126.22 283.00 Td (Ener) Tj ET Q q 0 0 0 rg BT 143.05 283.00 Td (gy ) Tj ET Q q 0 0 0 rg BT 153.80 283.00 Td (Agency) Tj ET Q q 0 0 0 rg BT 181.21 283.00 Td (, ) Tj ET Q q 0 0 0 rg BT 185.71 283.00 Td (or ) Tj ET Q q 0 0 0 rg BT 195.46 283.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.70 283.00 Td (IAEA, ) Tj ET Q q 0 0 0 rg BT 234.69 283.00 Td (that ) Tj ET Q q 0 0 0 rg BT 250.44 283.00 Td (Iran ) Tj ET Q q 0 0 0 rg BT 267.18 283.00 Td (had ) Tj ET Q q 0 0 0 rg BT 282.42 283.00 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 314.67 283.00 Td (its ) Tj ET Q q 0 0 0 rg BT 325.42 283.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 364.15 283.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 406.40 283.00 Td (under ) Tj ET Q q 0 0 0 rg BT 429.14 283.00 Td (the ) Tj ET Q q 0 0 0 rg BT 442.38 283.00 Td (JCPOA.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 255.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 54.61 255.40 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 90.71 255.40 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 133.31 255.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 160.39 255.40 Td (conduct ) Tj ET Q q 0 0 0 rg BT 191.48 255.40 Td (that ) Tj ET Q q 0 0 0 rg BT 207.58 255.40 Td (is ) Tj ET Q q 0 0 0 rg BT 216.19 255.40 Td (now ) Tj ET Q q 0 0 0 rg BT 234.29 255.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 271.38 255.40 Td (under ) Tj ET Q q 0 0 0 rg BT 294.47 255.40 Td (the ) Tj ET Q q 0 0 0 rg BT 308.07 255.40 Td (JCPOA) Tj ET Q q 0 0 0 rg BT 335.08 255.40 Td ( ) Tj ET Q q 0 0 0 rg BT 337.69 255.40 Td (have ) Tj ET Q q 0 0 0 rg BT 357.28 255.40 Td (not ) Tj ET Q q 0 0 0 rg BT 371.38 255.40 Td (actually ) Tj ET Q q 0 0 0 rg BT 402.47 255.40 Td (been ) Tj ET Q q 0 0 0 rg BT 422.06 255.40 Td (repealed ) Tj ET Q q 0 0 0 rg BT 455.14 255.40 Td (or ) Tj ET Q q 0 0 0 rg BT 465.24 255.40 Td (permanently ) Tj ET Q q 0 0 0 rg BT 512.83 255.40 Td (terminated ) Tj ET Q q 0 0 0 rg BT 553.91 255.40 Td (at ) Tj ET Q q 0 0 0 rg BT 563.01 255.40 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 244.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 56.69 244.60 Td (Rather) Tj ET Q q 0 0 0 rg BT 80.32 244.60 Td (, ) Tj ET Q q 0 0 0 rg BT 85.02 244.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.47 244.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 116.92 244.60 Td (government ) Tj ET Q q 0 0 0 rg BT 162.36 244.60 Td (has ) Tj ET Q q 0 0 0 rg BT 176.80 244.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 226.24 244.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 257.67 244.60 Td (to ) Tj ET Q q 0 0 0 rg BT 267.12 244.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.57 244.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 316.51 244.60 Td (regime ) Tj ET Q q 0 0 0 rg BT 343.95 244.60 Td (by: ) Tj ET Q q 0 0 0 rg BT 357.89 244.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 370.84 244.60 Td (issuing ) Tj ET Q q 0 0 0 rg BT 398.79 244.60 Td (waivers ) Tj ET Q q 0 0 0 rg BT 429.23 244.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.18 244.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 466.11 244.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 500.05 244.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 535.99 244.60 Td (provisions; ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 233.80 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 48.12 233.80 Td (committing ) Tj ET Q q 0 0 0 rg BT 91.23 233.80 Td (to ) Tj ET Q q 0 0 0 rg BT 99.86 233.80 Td (refrain ) Tj ET Q q 0 0 0 rg BT 125.46 233.80 Td (from ) Tj ET Q q 0 0 0 rg BT 144.58 233.80 Td (exercising ) Tj ET Q q 0 0 0 rg BT 183.18 233.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 209.29 233.80 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 257.89 233.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 293.01 233.80 Td (authorities; ) Tj ET Q q 0 0 0 rg BT 335.12 233.80 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 347.23 233.80 Td (removing ) Tj ET Q q 0 0 0 rg BT 383.35 233.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 409.45 233.80 Td (individuals ) Tj ET Q q 0 0 0 rg BT 451.07 233.80 Td (and ) Tj ET Q q 0 0 0 rg BT 465.69 233.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 493.30 233.80 Td (from ) Tj ET Q q 0 0 0 rg BT 512.42 233.80 Td (OF) Tj ET Q q 0 0 0 rg BT 523.26 233.80 Td (AC's ) Tj ET Q q 0 0 0 rg BT 542.50 233.80 Td (sanctions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 223.00 Td (lists; ) Tj ET Q q 0 0 0 rg BT 55.40 223.00 Td (and ) Tj ET Q q 0 0 0 rg BT 70.79 223.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 83.67 223.00 Td (revoking ) Tj ET Q q 0 0 0 rg BT 118.06 223.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 144.94 223.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 183.31 223.00 Td (Orders ) Tj ET Q q 0 0 0 rg BT 210.19 223.00 Td (and ) Tj ET Q q 0 0 0 rg BT 225.58 223.00 Td (specified ) Tj ET Q q 0 0 0 rg BT 260.46 223.00 Td (sections ) Tj ET Q q 0 0 0 rg BT 291.85 223.00 Td (of ) Tj ET Q q 0 0 0 rg BT 301.74 223.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 340.11 223.00 Td (Orders. ) Tj ET Q q 0 0 0 rg BT 369.07 223.00 Td (These ) Tj ET Q q 0 0 0 rg BT 392.96 223.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 428.84 223.00 Td (will ) Tj ET Q q 0 0 0 rg BT 445.24 223.00 Td (not ) Tj ET Q q 0 0 0 rg BT 459.13 223.00 Td (be ) Tj ET Q q 0 0 0 rg BT 470.02 223.00 Td (permanently ) Tj ET Q q 0 0 0 rg BT 517.40 223.00 Td ("lifted" ) Tj ET Q q 0 0 0 rg BT 546.13 223.00 Td (until ) Tj ET Q q 0 0 0 rg BT 565.02 223.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 212.20 Td (earlier ) Tj ET Q q 0 0 0 rg BT 61.28 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 71.07 212.20 Td (T) Tj ET Q q 0 0 0 rg BT 80.25 212.20 Td (ransition ) Tj ET Q q 0 0 0 rg BT 114.04 212.20 Td (Day) Tj ET Q q 0 0 0 rg BT 128.45 212.20 Td (, ) Tj ET Q q 0 0 0 rg BT 136.99 212.20 Td (set ) Tj ET Q q 0 0 0 rg BT 149.29 212.20 Td (to ) Tj ET Q q 0 0 0 rg BT 158.58 212.20 Td (occur ) Tj ET Q q 0 0 0 rg BT 180.87 212.20 Td (on ) Tj ET Q q 0 0 0 rg BT 192.17 212.20 Td (October ) Tj ET Q q 0 0 0 rg BT 223.45 212.20 Td (20, ) Tj ET Q q 0 0 0 rg BT 237.00 212.20 Td (2023, ) Tj ET Q q 0 0 0 rg BT 259.54 212.20 Td (or ) Tj ET Q q 0 0 0 rg BT 269.34 212.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 289.64 212.20 Td (a ) Tj ET Q q 0 0 0 rg BT 295.93 212.20 Td (report ) Tj ET Q q 0 0 0 rg BT 319.71 212.20 Td (from ) Tj ET Q q 0 0 0 rg BT 339.51 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 352.80 212.20 Td (IAEA) Tj ET Q q 0 0 0 rg BT 373.80 212.20 Td ( ) Tj ET Q q 0 0 0 rg BT 376.09 212.20 Td (stating ) Tj ET Q q 0 0 0 rg BT 402.39 212.20 Td (that ) Tj ET Q q 0 0 0 rg BT 418.18 212.20 Td (all ) Tj ET Q q 0 0 0 rg BT 429.47 212.20 Td (nuclear ) Tj ET Q q 0 0 0 rg BT 458.25 212.20 Td (material ) Tj ET Q q 0 0 0 rg BT 490.03 212.20 Td (in ) Tj ET Q q 0 0 0 rg BT 499.33 212.20 Td (Iran ) Tj ET Q q 0 0 0 rg BT 516.12 212.20 Td (is ) Tj ET Q q 0 0 0 rg BT 524.42 212.20 Td (being ) Tj ET Q q 0 0 0 rg BT 546.71 212.20 Td (used ) Tj ET Q q 0 0 0 rg BT 565.50 212.20 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 201.40 Td (peaceful ) Tj ET Q q 0 0 0 rg BT 68.73 201.40 Td (activities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.80 Td (As ) Tj ET Q q 0 0 0 rg BT 48.76 173.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 72.50 173.80 Td (above, ) Tj ET Q q 0 0 0 rg BT 99.00 173.80 Td (we ) Tj ET Q q 0 0 0 rg BT 112.25 173.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 140.98 173.80 Td (that ) Tj ET Q q 0 0 0 rg BT 157.23 173.80 Td (we ) Tj ET Q q 0 0 0 rg BT 170.48 173.80 Td (are ) Tj ET Q q 0 0 0 rg BT 184.22 173.80 Td (in ) Tj ET Q q 0 0 0 rg BT 193.98 173.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 238.21 173.80 Td (with ) Tj ET Q q 0 0 0 rg BT 256.97 173.80 Td (all ) Tj ET Q q 0 0 0 rg BT 268.72 173.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 308.45 173.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 344.70 173.80 Td (and ) Tj ET Q q 0 0 0 rg BT 360.45 173.80 Td (embar) Tj ET Q q 0 0 0 rg BT 382.78 173.80 Td (go ) Tj ET Q q 0 0 0 rg BT 394.53 173.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 413.78 173.80 Td (and ) Tj ET Q q 0 0 0 rg BT 429.53 173.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 474.52 173.80 Td (and ) Tj ET Q q 0 0 0 rg BT 490.27 173.80 Td (intend ) Tj ET Q q 0 0 0 rg BT 515.52 173.80 Td (to ) Tj ET Q q 0 0 0 rg BT 525.28 173.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 559.52 173.80 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 163.00 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 82.22 163.00 Td (However) Tj ET Q q 0 0 0 rg BT 114.85 163.00 Td (, ) Tj ET Q q 0 0 0 rg BT 119.59 163.00 Td (there ) Tj ET Q q 0 0 0 rg BT 140.07 163.00 Td (can ) Tj ET Q q 0 0 0 rg BT 155.06 163.00 Td (be ) Tj ET Q q 0 0 0 rg BT 166.05 163.00 Td (no ) Tj ET Q q 0 0 0 rg BT 177.54 163.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 215.02 163.00 Td (that ) Tj ET Q q 0 0 0 rg BT 231.00 163.00 Td (we ) Tj ET Q q 0 0 0 rg BT 243.99 163.00 Td (will ) Tj ET Q q 0 0 0 rg BT 260.49 163.00 Td (be ) Tj ET Q q 0 0 0 rg BT 271.48 163.00 Td (in ) Tj ET Q q 0 0 0 rg BT 280.97 163.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 324.95 163.00 Td (in ) Tj ET Q q 0 0 0 rg BT 334.44 163.00 Td (the ) Tj ET Q q 0 0 0 rg BT 347.93 163.00 Td (future, ) Tj ET Q q 0 0 0 rg BT 374.16 163.00 Td (particularly ) Tj ET Q q 0 0 0 rg BT 418.14 163.00 Td (as ) Tj ET Q q 0 0 0 rg BT 428.13 163.00 Td (the ) Tj ET Q q 0 0 0 rg BT 441.62 163.00 Td (scope ) Tj ET Q q 0 0 0 rg BT 464.60 163.00 Td (of ) Tj ET Q q 0 0 0 rg BT 474.59 163.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 501.57 163.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 520.56 163.00 Td (may ) Tj ET Q q 0 0 0 rg BT 538.55 163.00 Td (be ) Tj ET Q q 0 0 0 rg BT 549.54 163.00 Td (unclear ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.20 Td (and ) Tj ET Q q 0 0 0 rg BT 51.28 152.20 Td (may ) Tj ET Q q 0 0 0 rg BT 69.07 152.20 Td (be ) Tj ET Q q 0 0 0 rg BT 79.85 152.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 107.63 152.20 Td (to ) Tj ET Q q 0 0 0 rg BT 116.92 152.20 Td (changing ) Tj ET Q q 0 0 0 rg BT 152.20 152.20 Td (interpretations. ) Tj ET Q q 0 0 0 rg BT 208.21 152.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 226.00 152.20 Td (such ) Tj ET Q q 0 0 0 rg BT 244.79 152.20 Td (violation ) Tj ET Q q 0 0 0 rg BT 279.07 152.20 Td (could ) Tj ET Q q 0 0 0 rg BT 301.36 152.20 Td (result ) Tj ET Q q 0 0 0 rg BT 323.64 152.20 Td (in ) Tj ET Q q 0 0 0 rg BT 332.93 152.20 Td (fines ) Tj ET Q q 0 0 0 rg BT 352.71 152.20 Td (or ) Tj ET Q q 0 0 0 rg BT 362.50 152.20 Td (other ) Tj ET Q q 0 0 0 rg BT 383.28 152.20 Td (penalties ) Tj ET Q q 0 0 0 rg BT 417.56 152.20 Td (and ) Tj ET Q q 0 0 0 rg BT 432.84 152.20 Td (could ) Tj ET Q q 0 0 0 rg BT 455.12 152.20 Td (result ) Tj ET Q q 0 0 0 rg BT 477.41 152.20 Td (in ) Tj ET Q q 0 0 0 rg BT 486.70 152.20 Td (some ) Tj ET Q q 0 0 0 rg BT 507.98 152.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 542.77 152.20 Td (deciding, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 141.40 Td (or ) Tj ET Q q 0 0 0 rg BT 45.51 141.40 Td (being ) Tj ET Q q 0 0 0 rg BT 67.52 141.40 Td (required, ) Tj ET Q q 0 0 0 rg BT 101.77 141.40 Td (to ) Tj ET Q q 0 0 0 rg BT 110.79 141.40 Td (divest ) Tj ET Q q 0 0 0 rg BT 134.30 141.40 Td (their ) Tj ET Q q 0 0 0 rg BT 152.81 141.40 Td (interest, ) Tj ET Q q 0 0 0 rg BT 183.56 141.40 Td (or ) Tj ET Q q 0 0 0 rg BT 193.08 141.40 Td (not ) Tj ET Q q 0 0 0 rg BT 206.59 141.40 Td (to ) Tj ET Q q 0 0 0 rg BT 215.61 141.40 Td (invest, ) Tj ET Q q 0 0 0 rg BT 241.37 141.40 Td (in ) Tj ET Q q 0 0 0 rg BT 250.39 141.40 Td (our ) Tj ET Q q 0 0 0 rg BT 264.40 141.40 Td (shares. ) Tj ET Q q 0 0 0 rg BT 290.71 141.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 335.62 141.40 Td (, ) Tj ET Q q 0 0 0 rg BT 339.89 141.40 Td (some ) Tj ET Q q 0 0 0 rg BT 360.90 141.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 395.41 141.40 Td (may ) Tj ET Q q 0 0 0 rg BT 412.92 141.40 Td (decide ) Tj ET Q q 0 0 0 rg BT 438.42 141.40 Td (to ) Tj ET Q q 0 0 0 rg BT 447.44 141.40 Td (divest ) Tj ET Q q 0 0 0 rg BT 470.95 141.40 Td (their ) Tj ET Q q 0 0 0 rg BT 489.46 141.40 Td (interest,) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 518.19873046875 140.20029296874998 m 520.2138671875 140.20029296874998 l s q 0 0 1 rg BT 518.20 141.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 520.21 141.40 Td (or ) Tj ET Q q 0 0 0 rg BT 529.73 141.40 Td (not ) Tj ET Q q 0 0 0 rg BT 543.24 141.40 Td (to ) Tj ET Q q 0 0 0 rg BT 552.26 141.40 Td (invest, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.60 Td (in ) Tj ET Q q 0 0 0 rg BT 44.98 130.60 Td (our ) Tj ET Q q 0 0 0 rg BT 58.95 130.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 83.42 130.60 Td (simply ) Tj ET Q q 0 0 0 rg BT 109.90 130.60 Td (because ) Tj ET Q q 0 0 0 rg BT 140.36 130.60 Td (we ) Tj ET Q q 0 0 0 rg BT 152.83 130.60 Td (may ) Tj ET Q q 0 0 0 rg BT 170.30 130.60 Td (do ) Tj ET Q q 0 0 0 rg BT 181.28 130.60 Td (business ) Tj ET Q q 0 0 0 rg BT 213.75 130.60 Td (with ) Tj ET Q q 0 0 0 rg BT 231.73 130.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 272.20 130.60 Td (that ) Tj ET Q q 0 0 0 rg BT 287.67 130.60 Td (do ) Tj ET Q q 0 0 0 rg BT 298.64 130.60 Td (business ) Tj ET Q q 0 0 0 rg BT 331.12 130.60 Td (in ) Tj ET Q q 0 0 0 rg BT 340.10 130.60 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 380.56 130.60 Td (countries. ) Tj ET Q q 0 0 0 rg BT 417.78 130.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 452.91 130.60 Td (, ) Tj ET Q q 0 0 0 rg BT 457.13 130.60 Td (our ) Tj ET Q q 0 0 0 rg BT 471.11 130.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 499.58 130.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 534.04 130.60 Td (may ) Tj ET Q q 0 0 0 rg BT 551.51 130.60 Td (violate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 119.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 75.53 119.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 111.58 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.12 119.80 Td (embar) Tj ET Q q 0 0 0 rg BT 149.45 119.80 Td (go ) Tj ET Q q 0 0 0 rg BT 161.00 119.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 180.05 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 195.59 119.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 238.13 119.80 Td (as ) Tj ET Q q 0 0 0 rg BT 248.18 119.80 Td (a ) Tj ET Q q 0 0 0 rg BT 254.73 119.80 Td (result ) Tj ET Q q 0 0 0 rg BT 277.28 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 287.32 119.80 Td (actions ) Tj ET Q q 0 0 0 rg BT 315.37 119.80 Td (that ) Tj ET Q q 0 0 0 rg BT 331.41 119.80 Td (do ) Tj ET Q q 0 0 0 rg BT 342.97 119.80 Td (not ) Tj ET Q q 0 0 0 rg BT 357.02 119.80 Td (involve ) Tj ET Q q 0 0 0 rg BT 386.56 119.80 Td (us, ) Tj ET Q q 0 0 0 rg BT 399.37 119.80 Td (or ) Tj ET Q q 0 0 0 rg BT 409.42 119.80 Td (our ) Tj ET Q q 0 0 0 rg BT 423.96 119.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 453.02 119.80 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 471.32 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 486.86 119.80 Td (those ) Tj ET Q q 0 0 0 rg BT 508.41 119.80 Td (violations ) Tj ET Q q 0 0 0 rg BT 546.46 119.80 Td (could ) Tj ET Q q 0 0 0 rg BT 569.01 119.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 109.00 Td (turn ) Tj ET Q q 0 0 0 rg BT 53.30 109.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 93.58 109.00 Td (af) Tj ET Q q 0 0 0 rg BT 100.41 109.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 116.70 109.00 Td (our ) Tj ET Q q 0 0 0 rg BT 131.50 109.00 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 173.04 109.00 Td (Investor ) Tj ET Q q 0 0 0 rg BT 205.33 109.00 Td (perception ) Tj ET Q q 0 0 0 rg BT 246.11 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 256.41 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 270.20 109.00 Td (value ) Tj ET Q q 0 0 0 rg BT 292.49 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 302.79 109.00 Td (our ) Tj ET Q q 0 0 0 rg BT 317.59 109.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 342.88 109.00 Td (may ) Tj ET Q q 0 0 0 rg BT 361.17 109.00 Td (also ) Tj ET Q q 0 0 0 rg BT 378.47 109.00 Td (be ) Tj ET Q q 0 0 0 rg BT 389.77 109.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 427.05 109.00 Td (af) Tj ET Q q 0 0 0 rg BT 433.88 109.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 458.66 109.00 Td (by ) Tj ET Q q 0 0 0 rg BT 470.46 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.26 109.00 Td (consequences ) Tj ET Q q 0 0 0 rg BT 536.54 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 546.83 109.00 Td (war) Tj ET Q q 0 0 0 rg BT 559.96 109.00 Td (, ) Tj ET Q q 0 0 0 rg BT 565.01 109.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 98.20 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 98.20 Td (fects ) Tj ET Q q 0 0 0 rg BT 62.07 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 71.82 98.20 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 109.31 98.20 Td (civil ) Tj ET Q q 0 0 0 rg BT 127.55 98.20 Td (unrest ) Tj ET Q q 0 0 0 rg BT 151.80 98.20 Td (and ) Tj ET Q q 0 0 0 rg BT 167.04 98.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 218.77 98.20 Td (actions ) Tj ET Q q 0 0 0 rg BT 246.52 98.20 Td (in ) Tj ET Q q 0 0 0 rg BT 255.77 98.20 Td (these ) Tj ET Q q 0 0 0 rg BT 276.51 98.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.75 98.20 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 337.50 98.20 Td (countries.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 70.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 53.25 70.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 80.50 70.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.75 70.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 118.49 70.60 Td (with ) Tj ET Q q 0 0 0 rg BT 136.75 70.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.50 70.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 183.74 70.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 202.50 70.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.76 70.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 263.02 70.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 302.77 70.60 Td (international ) Tj ET Q q 0 0 0 rg BT 353.54 70.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 374.78 70.60 Td (could ) Tj ET Q q 0 0 0 rg BT 397.53 70.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 434.27 70.60 Td (af) Tj ET Q q 0 0 0 rg BT 441.60 70.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 457.34 70.60 Td (our) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 470.3466796875 69.19155273437502 m 472.5966796875 69.19155273437502 l s q 0 0 1 rg BT 470.35 70.60 Td ( ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.60 70.60 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 56.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.33 56.80 Td (shipment ) Tj ET Q q 0 0 0 rg BT 85.67 56.80 Td (of ) Tj ET Q q 0 0 0 rg BT 94.51 56.80 Td (goods, ) Tj ET Q q 0 0 0 rg BT 119.60 56.80 Td (services ) Tj ET Q q 0 0 0 rg BT 149.93 56.80 Td (and ) Tj ET Q q 0 0 0 rg BT 164.26 56.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 205.59 56.80 Td (across ) Tj ET Q q 0 0 0 rg BT 229.43 56.80 Td (international ) Tj ET Q q 0 0 0 rg BT 276.25 56.80 Td (borders ) Tj ET Q q 0 0 0 rg BT 304.58 56.80 Td (subjects ) Tj ET Q q 0 0 0 rg BT 334.92 56.80 Td (our ) Tj ET Q q 0 0 0 rg BT 348.25 56.80 Td (of) Tj ET Q q 0 0 0 rg BT 355.59 56.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 379.42 56.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 407.26 56.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 438.59 56.80 Td (to ) Tj ET Q q 0 0 0 rg BT 446.93 56.80 Td (extensive ) Tj ET Q q 0 0 0 rg BT 482.26 56.80 Td (trade ) Tj ET Q q 0 0 0 rg BT 501.59 56.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 519.42 56.80 Td (and ) Tj ET Q q 0 0 0 rg BT 533.76 56.80 Td (regulations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 46.00 Td (Import ) Tj ET Q q 0 0 0 rg BT 62.86 46.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 97.72 46.00 Td (are ) Tj ET Q q 0 0 0 rg BT 111.08 46.00 Td (governed ) Tj ET Q q 0 0 0 rg BT 146.94 46.00 Td (by ) Tj ET Q q 0 0 0 rg BT 158.30 46.00 Td (unique ) Tj ET Q q 0 0 0 rg BT 185.17 46.00 Td (customs ) Tj ET Q q 0 0 0 rg BT 217.04 46.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 235.91 46.00 Td (and ) Tj ET Q q 0 0 0 rg BT 251.27 46.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 293.63 46.00 Td (in ) Tj ET Q q 0 0 0 rg BT 303.00 46.00 Td (each ) Tj ET Q q 0 0 0 rg BT 321.85 46.00 Td (of ) Tj ET Q q 0 0 0 rg BT 331.72 46.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.09 46.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 380.44 46.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.31 46.00 Td (operation. ) Tj ET Q q 0 0 0 rg BT 428.92 46.00 Td (Moreover) Tj ET Q q 0 0 0 rg BT 464.04 46.00 Td (, ) Tj ET Q q 0 0 0 rg BT 468.66 46.00 Td (many ) Tj ET Q q 0 0 0 rg BT 491.03 46.00 Td (countries, ) Tj ET Q q 0 0 0 rg BT 528.64 46.00 Td (including ) Tj ET Q q 0 0 0 rg BT 565.00 46.00 Td (the ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (United ) Tj ET Q q 0 0 0 rg BT 63.90 749.80 Td (States, ) Tj ET Q q 0 0 0 rg BT 91.05 749.80 Td (control ) Tj ET Q q 0 0 0 rg BT 119.95 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 134.35 749.80 Td (export ) Tj ET Q q 0 0 0 rg BT 160.74 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 177.14 749.80 Td (re-export ) Tj ET Q q 0 0 0 rg BT 213.53 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 224.43 749.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 252.31 749.80 Td (goods, ) Tj ET Q q 0 0 0 rg BT 279.47 749.80 Td (services ) Tj ET Q q 0 0 0 rg BT 311.86 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 328.26 749.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 371.65 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 388.05 749.80 Td (impose ) Tj ET Q q 0 0 0 rg BT 417.45 749.80 Td (related ) Tj ET Q q 0 0 0 rg BT 445.34 749.80 Td (export ) Tj ET Q q 0 0 0 rg BT 471.73 749.80 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 526.61 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 543.01 749.80 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 79.39 739.00 Td (Governments ) Tj ET Q q 0 0 0 rg BT 129.02 739.00 Td (also ) Tj ET Q q 0 0 0 rg BT 144.65 739.00 Td (may ) Tj ET Q q 0 0 0 rg BT 161.29 739.00 Td (impose ) Tj ET Q q 0 0 0 rg BT 188.42 739.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 224.55 739.00 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 259.18 739.00 Td (against ) Tj ET Q q 0 0 0 rg BT 285.81 739.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 311.44 739.00 Td (countries, ) Tj ET Q q 0 0 0 rg BT 347.81 739.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 376.45 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 390.58 739.00 Td (other ) Tj ET Q q 0 0 0 rg BT 410.22 739.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 437.35 739.00 Td (that ) Tj ET Q q 0 0 0 rg BT 451.98 739.00 Td (may ) Tj ET Q q 0 0 0 rg BT 468.62 739.00 Td (restrict ) Tj ET Q q 0 0 0 rg BT 494.74 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 503.38 739.00 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 533.02 739.00 Td (transactions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (involving ) Tj ET Q q 0 0 0 rg BT 72.44 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 90.87 728.20 Td (countries, ) Tj ET Q q 0 0 0 rg BT 128.05 728.20 Td (persons ) Tj ET Q q 0 0 0 rg BT 157.48 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 172.41 728.20 Td (entities. ) Tj ET Q q 0 0 0 rg BT 202.59 728.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 220.53 728.20 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 255.96 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 264.90 728.20 Td (particular ) Tj ET Q q 0 0 0 rg BT 301.31 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 314.24 728.20 Td (tar) Tj ET Q q 0 0 0 rg BT 323.57 728.20 Td (geted ) Tj ET Q q 0 0 0 rg BT 344.99 728.20 Td (against ) Tj ET Q q 0 0 0 rg BT 372.42 728.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 407.35 728.20 Td (\(such ) Tj ET Q q 0 0 0 rg BT 428.78 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 438.21 728.20 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 466.26 728.20 Td (V) Tj ET Q q 0 0 0 rg BT 471.76 728.20 Td (enezuela, ) Tj ET Q q 0 0 0 rg BT 507.42 728.20 Td (Iran, ) Tj ET Q q 0 0 0 rg BT 526.09 728.20 Td (Myanmar ) Tj ET Q q 0 0 0 rg BT 563.02 728.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Sudan, ) Tj ET Q q 0 0 0 rg BT 63.00 717.40 Td (among ) Tj ET Q q 0 0 0 rg BT 89.75 717.40 Td (others\) ) Tj ET Q q 0 0 0 rg BT 116.99 717.40 Td (that ) Tj ET Q q 0 0 0 rg BT 132.73 717.40 Td (are ) Tj ET Q q 0 0 0 rg BT 145.97 717.40 Td (heavily ) Tj ET Q q 0 0 0 rg BT 174.71 717.40 Td (involved ) Tj ET Q q 0 0 0 rg BT 208.45 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 217.71 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 230.95 717.40 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 269.69 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 284.93 717.40 Td (petrochemical ) Tj ET Q q 0 0 0 rg BT 338.15 717.40 Td (industries, ) Tj ET Q q 0 0 0 rg BT 377.65 717.40 Td (which ) Tj ET Q q 0 0 0 rg BT 401.90 717.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 434.14 717.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 462.89 717.40 Td (activities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (The ) Tj ET Q q 0 0 0 rg BT 53.12 689.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 72.74 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.86 689.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 131.98 689.80 Td (concerning ) Tj ET Q q 0 0 0 rg BT 175.08 689.80 Td (import ) Tj ET Q q 0 0 0 rg BT 202.21 689.80 Td (activity) Tj ET Q q 0 0 0 rg BT 228.61 689.80 Td (, ) Tj ET Q q 0 0 0 rg BT 233.99 689.80 Td (export ) Tj ET Q q 0 0 0 rg BT 260.11 689.80 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 314.71 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 330.83 689.80 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 369.19 689.80 Td (export ) Tj ET Q q 0 0 0 rg BT 395.31 689.80 Td (control ) Tj ET Q q 0 0 0 rg BT 423.93 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 440.05 689.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 478.16 689.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 514.78 689.80 Td (are ) Tj ET Q q 0 0 0 rg BT 528.89 689.80 Td (complex ) Tj ET Q q 0 0 0 rg BT 563.01 689.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (constantly ) Tj ET Q q 0 0 0 rg BT 75.41 679.00 Td (changing. ) Tj ET Q q 0 0 0 rg BT 113.07 679.00 Td ( ) Tj ET Q q 0 0 0 rg BT 115.32 679.00 Td (These ) Tj ET Q q 0 0 0 rg BT 139.22 679.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 158.14 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 173.56 679.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 215.96 679.00 Td (may ) Tj ET Q q 0 0 0 rg BT 233.88 679.00 Td (be ) Tj ET Q q 0 0 0 rg BT 244.79 679.00 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 276.94 679.00 Td (amended, ) Tj ET Q q 0 0 0 rg BT 314.10 679.00 Td (enforced ) Tj ET Q q 0 0 0 rg BT 347.99 679.00 Td (or ) Tj ET Q q 0 0 0 rg BT 357.91 679.00 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 399.31 679.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.73 679.00 Td (a ) Tj ET Q q 0 0 0 rg BT 415.14 679.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 444.55 679.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 483.45 679.00 Td (impacting ) Tj ET Q q 0 0 0 rg BT 521.86 679.00 Td (our ) Tj ET Q q 0 0 0 rg BT 536.28 679.00 Td (operations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (Shipments ) Tj ET Q q 0 0 0 rg BT 75.98 668.20 Td (can ) Tj ET Q q 0 0 0 rg BT 90.45 668.20 Td (be ) Tj ET Q q 0 0 0 rg BT 100.92 668.20 Td (delayed ) Tj ET Q q 0 0 0 rg BT 130.89 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 145.86 668.20 Td (denied ) Tj ET Q q 0 0 0 rg BT 171.83 668.20 Td (export ) Tj ET Q q 0 0 0 rg BT 196.80 668.20 Td (or ) Tj ET Q q 0 0 0 rg BT 206.27 668.20 Td (entry ) Tj ET Q q 0 0 0 rg BT 226.74 668.20 Td (for ) Tj ET Q q 0 0 0 rg BT 239.22 668.20 Td (a ) Tj ET Q q 0 0 0 rg BT 245.19 668.20 Td (variety ) Tj ET Q q 0 0 0 rg BT 272.16 668.20 Td (of ) Tj ET Q q 0 0 0 rg BT 281.63 668.20 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 312.85 668.20 Td (some ) Tj ET Q q 0 0 0 rg BT 333.83 668.20 Td (of ) Tj ET Q q 0 0 0 rg BT 343.30 668.20 Td (which ) Tj ET Q q 0 0 0 rg BT 367.28 668.20 Td (are ) Tj ET Q q 0 0 0 rg BT 380.24 668.20 Td (outside ) Tj ET Q q 0 0 0 rg BT 408.22 668.20 Td (our ) Tj ET Q q 0 0 0 rg BT 422.19 668.20 Td (control ) Tj ET Q q 0 0 0 rg BT 449.66 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 464.64 668.20 Td (some ) Tj ET Q q 0 0 0 rg BT 485.61 668.20 Td (of ) Tj ET Q q 0 0 0 rg BT 495.09 668.20 Td (which ) Tj ET Q q 0 0 0 rg BT 519.06 668.20 Td (may ) Tj ET Q q 0 0 0 rg BT 536.54 668.20 Td (result ) Tj ET Q q 0 0 0 rg BT 558.51 668.20 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 61.59 657.40 Td (to ) Tj ET Q q 0 0 0 rg BT 70.70 657.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 99.80 657.40 Td (with ) Tj ET Q q 0 0 0 rg BT 117.90 657.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 148.51 657.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 168.11 657.40 Td (and ) Tj ET Q q 0 0 0 rg BT 183.21 657.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 222.30 657.40 Td (regimes. ) Tj ET Q q 0 0 0 rg BT 255.14 657.40 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 289.75 657.40 Td (delays ) Tj ET Q q 0 0 0 rg BT 314.85 657.40 Td (or ) Tj ET Q q 0 0 0 rg BT 324.46 657.40 Td (denials ) Tj ET Q q 0 0 0 rg BT 352.05 657.40 Td (could ) Tj ET Q q 0 0 0 rg BT 374.16 657.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 396.25 657.40 Td (unscheduled ) Tj ET Q q 0 0 0 rg BT 443.34 657.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 485.93 657.40 Td (downtime. ) Tj ET Q q 0 0 0 rg BT 525.82 657.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 543.42 657.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 569.01 657.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 64.42 646.60 Td (with ) Tj ET Q q 0 0 0 rg BT 81.84 646.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 120.24 646.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 139.16 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.58 646.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 191.98 646.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 218.90 646.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 260.32 646.60 Td (could ) Tj ET Q q 0 0 0 rg BT 281.74 646.60 Td (also ) Tj ET Q q 0 0 0 rg BT 297.66 646.60 Td (result ) Tj ET Q q 0 0 0 rg BT 319.08 646.60 Td (in ) Tj ET Q q 0 0 0 rg BT 327.50 646.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 358.91 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 373.33 646.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 390.75 646.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 424.16 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.58 646.60 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 475.74 646.60 Td (such ) Tj ET Q q 0 0 0 rg BT 493.66 646.60 Td (as ) Tj ET Q q 0 0 0 rg BT 502.58 646.60 Td (fines, ) Tj ET Q q 0 0 0 rg BT 523.75 646.60 Td (imprisonment, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (debarment ) Tj ET Q q 0 0 0 rg BT 76.23 635.80 Td (from ) Tj ET Q q 0 0 0 rg BT 95.98 635.80 Td (government ) Tj ET Q q 0 0 0 rg BT 141.21 635.80 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 178.20 635.80 Td (seizure ) Tj ET Q q 0 0 0 rg BT 205.93 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 215.68 635.80 Td (shipments ) Tj ET Q q 0 0 0 rg BT 254.43 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 269.67 635.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 285.93 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 295.68 635.80 Td (import ) Tj ET Q q 0 0 0 rg BT 321.93 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 337.17 635.80 Td (export ) Tj ET Q q 0 0 0 rg BT 362.41 635.80 Td (privileges.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 608.20 Td (Failure ) Tj ET Q q 0 0 0 rg BT 65.92 608.20 Td (to ) Tj ET Q q 0 0 0 rg BT 74.83 608.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 103.23 608.20 Td (with ) Tj ET Q q 0 0 0 rg BT 121.15 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 134.56 608.20 Td (United ) Tj ET Q q 0 0 0 rg BT 161.48 608.20 Td (States ) Tj ET Q q 0 0 0 rg BT 185.39 608.20 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 217.31 608.20 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 248.73 608.20 Td (Practices ) Tj ET Q q 0 0 0 rg BT 284.35 608.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 298.76 608.20 Td (of ) Tj ET Q q 0 0 0 rg BT 308.17 608.20 Td (1977 ) Tj ET Q q 0 0 0 rg BT 328.08 608.20 Td (or ) Tj ET Q q 0 0 0 rg BT 337.99 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 351.41 608.20 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 381.03 608.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 395.44 608.20 Td (2010 ) Tj ET Q q 0 0 0 rg BT 415.35 608.20 Td (of ) Tj ET Q q 0 0 0 rg BT 424.76 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 438.17 608.20 Td (United ) Tj ET Q q 0 0 0 rg BT 465.09 608.20 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 501.01 608.20 Td (could ) Tj ET Q q 0 0 0 rg BT 523.42 608.20 Td (result ) Tj ET Q q 0 0 0 rg BT 546.34 608.20 Td (in ) Tj ET Q q 0 0 0 rg BT 555.75 608.20 Td (fines, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 597.40 Td (criminal ) Tj ET Q q 0 0 0 rg BT 69.75 597.40 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 107.25 597.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 137.01 597.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 169.76 597.40 Td (terminations ) Tj ET Q q 0 0 0 rg BT 219.02 597.40 Td (and ) Tj ET Q q 0 0 0 rg BT 235.28 597.40 Td (an ) Tj ET Q q 0 0 0 rg BT 247.03 597.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 277.27 597.40 Td (ef) Tj ET Q q 0 0 0 rg BT 284.10 597.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.84 597.40 Td (on ) Tj ET Q q 0 0 0 rg BT 311.59 597.40 Td (our ) Tj ET Q q 0 0 0 rg BT 326.85 597.40 Td (business.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 583.60 Td (e ) Tj ET Q q 0 0 0 rg BT 50.47 583.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 79.64 583.60 Td (our ) Tj ET Q q 0 0 0 rg BT 94.34 583.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 123.54 583.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 139.73 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.43 583.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.12 583.60 Td (number ) Tj ET Q q 0 0 0 rg BT 186.31 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.51 583.60 Td (countries. ) Tj ET Q q 0 0 0 rg BT 234.44 583.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 251.14 583.60 Td (business ) Tj ET Q q 0 0 0 rg BT 284.34 583.60 Td (with ) Tj ET Q q 0 0 0 rg BT 303.03 583.60 Td (national ) Tj ET Q q 0 0 0 rg BT 334.72 583.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 346.92 583.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 390.35 583.60 Td (as ) Tj ET Q q 0 0 0 rg BT 400.55 583.60 Td (well ) Tj ET Q q 0 0 0 rg BT 418.74 583.60 Td (as ) Tj ET Q q 0 0 0 rg BT 428.94 583.60 Td (state ) Tj ET Q q 0 0 0 rg BT 448.13 583.60 Td (or ) Tj ET Q q 0 0 0 rg BT 458.32 583.60 Td (government-owned ) Tj ET Q q 0 0 0 rg BT 531.00 583.60 Td (shipbuilding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (enterprises ) Tj ET Q q 0 0 0 rg BT 77.89 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 93.79 572.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 130.68 572.80 Td (agencies ) Tj ET Q q 0 0 0 rg BT 164.57 572.80 Td (may ) Tj ET Q q 0 0 0 rg BT 182.97 572.80 Td (put ) Tj ET Q q 0 0 0 rg BT 197.38 572.80 Td (us ) Tj ET Q q 0 0 0 rg BT 208.29 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 218.19 572.80 Td (contact ) Tj ET Q q 0 0 0 rg BT 247.08 572.80 Td (with ) Tj ET Q q 0 0 0 rg BT 265.99 572.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 296.39 572.80 Td (who ) Tj ET Q q 0 0 0 rg BT 314.80 572.80 Td (may ) Tj ET Q q 0 0 0 rg BT 333.20 572.80 Td (be ) Tj ET Q q 0 0 0 rg BT 344.60 572.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 386.49 572.80 Td (to ) Tj ET Q q 0 0 0 rg BT 396.39 572.80 Td (be ) Tj ET Q q 0 0 0 rg BT 407.79 572.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 440.68 572.80 Td (of) Tj ET Q q 0 0 0 rg BT 448.02 572.80 Td (ficials ) Tj ET Q q 0 0 0 rg BT 476.91 572.80 Td (under ) Tj ET Q q 0 0 0 rg BT 500.31 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 514.21 572.80 Td ( ) Tj ET Q q 0 0 0 rg BT 517.11 572.80 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 548.02 572.80 Td (Corrupt ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (Practices ) Tj ET Q q 0 0 0 rg BT 69.99 562.00 Td (Act, ) Tj ET Q q 0 0 0 rg BT 87.16 562.00 Td (or ) Tj ET Q q 0 0 0 rg BT 96.59 562.00 Td (FCP) Tj ET Q q 0 0 0 rg BT 111.78 562.00 Td (A, ) Tj ET Q q 0 0 0 rg BT 122.45 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 137.38 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 150.30 562.00 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 169.73 562.00 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 198.73 562.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 213.65 562.00 Td (2010 ) Tj ET Q q 0 0 0 rg BT 233.58 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 243.01 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.93 562.00 Td (United ) Tj ET Q q 0 0 0 rg BT 282.35 562.00 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 320.53 562.00 Td (or ) Tj ET Q q 0 0 0 rg BT 329.96 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.88 562.00 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 362.31 562.00 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 391.31 562.00 Td (Act. ) Tj ET Q q 0 0 0 rg BT 408.34 562.00 Td (W) Tj ET Q q 0 0 0 rg BT 416.12 562.00 Td (e ) Tj ET Q q 0 0 0 rg BT 422.04 562.00 Td (are ) Tj ET Q q 0 0 0 rg BT 434.96 562.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 462.38 562.00 Td (to ) Tj ET Q q 0 0 0 rg BT 471.31 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.23 562.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 499.66 562.00 Td (that ) Tj ET Q q 0 0 0 rg BT 515.09 562.00 Td (we, ) Tj ET Q q 0 0 0 rg BT 529.76 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 543.69 562.00 Td (af) Tj ET Q q 0 0 0 rg BT 550.51 562.00 Td (filiated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (entities ) Tj ET Q q 0 0 0 rg BT 63.41 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 72.32 551.20 Td (our ) Tj ET Q q 0 0 0 rg BT 85.73 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 94.64 551.20 Td (their ) Tj ET Q q 0 0 0 rg BT 112.54 551.20 Td (respective ) Tj ET Q q 0 0 0 rg BT 150.44 551.20 Td (of) Tj ET Q q 0 0 0 rg BT 157.77 551.20 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 181.42 551.20 Td (directors, ) Tj ET Q q 0 0 0 rg BT 216.57 551.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 256.47 551.20 Td (and ) Tj ET Q q 0 0 0 rg BT 270.88 551.20 Td (agents ) Tj ET Q q 0 0 0 rg BT 295.28 551.20 Td (may ) Tj ET Q q 0 0 0 rg BT 312.19 551.20 Td (take ) Tj ET Q q 0 0 0 rg BT 328.59 551.20 Td (actions ) Tj ET Q q 0 0 0 rg BT 355.50 551.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 397.39 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 405.81 551.20 Td (be ) Tj ET Q q 0 0 0 rg BT 415.72 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 424.13 551.20 Td (violation ) Tj ET Q q 0 0 0 rg BT 457.54 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 466.45 551.20 Td (anti-corruption ) Tj ET Q q 0 0 0 rg BT 521.84 551.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 542.00 551.20 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 48.36 540.40 Td (FCP) Tj ET Q q 0 0 0 rg BT 63.55 540.40 Td (A) Tj ET Q q 0 0 0 rg BT 69.55 540.40 Td ( ) Tj ET Q q 0 0 0 rg BT 70.92 540.40 Td (and ) Tj ET Q q 0 0 0 rg BT 85.28 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 97.64 540.40 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 116.50 540.40 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 145.06 540.40 Td (Act. ) Tj ET Q q 0 0 0 rg BT 161.37 540.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 178.23 540.40 Td (such ) Tj ET Q q 0 0 0 rg BT 196.10 540.40 Td (violation ) Tj ET Q q 0 0 0 rg BT 229.46 540.40 Td (could ) Tj ET Q q 0 0 0 rg BT 250.82 540.40 Td (result ) Tj ET Q q 0 0 0 rg BT 272.18 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 280.55 540.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 320.41 540.40 Td (fines, ) Tj ET Q q 0 0 0 rg BT 341.52 540.40 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 378.63 540.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 395.99 540.40 Td (and/or ) Tj ET Q q 0 0 0 rg BT 420.35 540.40 Td (criminal ) Tj ET Q q 0 0 0 rg BT 451.70 540.40 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 487.31 540.40 Td (curtailment ) Tj ET Q q 0 0 0 rg BT 529.66 540.40 Td (of ) Tj ET Q q 0 0 0 rg BT 538.52 540.40 Td (operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.60 Td (in ) Tj ET Q q 0 0 0 rg BT 46.14 529.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.76 529.60 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 123.65 529.60 Td (and ) Tj ET Q q 0 0 0 rg BT 139.79 529.60 Td (such ) Tj ET Q q 0 0 0 rg BT 159.42 529.60 Td (violations ) Tj ET Q q 0 0 0 rg BT 198.06 529.60 Td (or ) Tj ET Q q 0 0 0 rg BT 208.70 529.60 Td (allegations ) Tj ET Q q 0 0 0 rg BT 250.83 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.47 529.60 Td (such ) Tj ET Q q 0 0 0 rg BT 281.10 529.60 Td (violations ) Tj ET Q q 0 0 0 rg BT 319.74 529.60 Td (might ) Tj ET Q q 0 0 0 rg BT 343.88 529.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 381.51 529.60 Td (af) Tj ET Q q 0 0 0 rg BT 388.34 529.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 404.96 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 420.10 529.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 455.99 529.60 Td (results ) Tj ET Q q 0 0 0 rg BT 482.63 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.27 529.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 533.90 529.60 Td (or ) Tj ET Q q 0 0 0 rg BT 544.54 529.60 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.80 Td (condition. ) Tj ET Q q 0 0 0 rg BT 74.92 518.80 Td (In ) Tj ET Q q 0 0 0 rg BT 85.10 518.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 119.53 518.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 143.69 518.80 Td (or ) Tj ET Q q 0 0 0 rg BT 153.86 518.80 Td (alleged ) Tj ET Q q 0 0 0 rg BT 182.53 518.80 Td (violations ) Tj ET Q q 0 0 0 rg BT 220.71 518.80 Td (could ) Tj ET Q q 0 0 0 rg BT 243.38 518.80 Td (damage ) Tj ET Q q 0 0 0 rg BT 274.04 518.80 Td (our ) Tj ET Q q 0 0 0 rg BT 288.72 518.80 Td (reputation ) Tj ET Q q 0 0 0 rg BT 327.89 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 343.56 518.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 369.23 518.80 Td (to ) Tj ET Q q 0 0 0 rg BT 378.91 518.80 Td (do ) Tj ET Q q 0 0 0 rg BT 390.59 518.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 426.02 518.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 475.94 518.80 Td (detecting, ) Tj ET Q q 0 0 0 rg BT 513.85 518.80 Td (investigating ) Tj ET Q q 0 0 0 rg BT 563.03 518.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.00 Td (resolving ) Tj ET Q q 0 0 0 rg BT 71.75 508.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 95.48 508.00 Td (or ) Tj ET Q q 0 0 0 rg BT 105.23 508.00 Td (alleged ) Tj ET Q q 0 0 0 rg BT 133.46 508.00 Td (violations ) Tj ET Q q 0 0 0 rg BT 171.21 508.00 Td (is ) Tj ET Q q 0 0 0 rg BT 179.46 508.00 Td (expensive ) Tj ET Q q 0 0 0 rg BT 217.70 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 232.95 508.00 Td (can ) Tj ET Q q 0 0 0 rg BT 247.68 508.00 Td (consume ) Tj ET Q q 0 0 0 rg BT 281.93 508.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.17 508.00 Td (time ) Tj ET Q q 0 0 0 rg BT 340.41 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 355.66 508.00 Td (attention ) Tj ET Q q 0 0 0 rg BT 389.40 508.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.15 508.00 Td (our ) Tj ET Q q 0 0 0 rg BT 413.39 508.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 437.64 508.00 Td (management.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 480.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.01 480.40 Td (order ) Tj ET Q q 0 0 0 rg BT 65.52 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 74.03 480.40 Td (ef) Tj ET Q q 0 0 0 rg BT 80.86 480.40 Td (fectively ) Tj ET Q q 0 0 0 rg BT 113.86 480.40 Td (compete ) Tj ET Q q 0 0 0 rg BT 145.86 480.40 Td (in ) Tj ET Q q 0 0 0 rg BT 154.38 480.40 Td (some ) Tj ET Q q 0 0 0 rg BT 174.89 480.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 202.40 480.40 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 250.66 480.40 Td (we ) Tj ET Q q 0 0 0 rg BT 262.67 480.40 Td (may ) Tj ET Q q 0 0 0 rg BT 279.69 480.40 Td (utilize ) Tj ET Q q 0 0 0 rg BT 303.69 480.40 Td (local ) Tj ET Q q 0 0 0 rg BT 322.70 480.40 Td (agents ) Tj ET Q q 0 0 0 rg BT 347.21 480.40 Td (and/or ) Tj ET Q q 0 0 0 rg BT 371.72 480.40 Td (establish ) Tj ET Q q 0 0 0 rg BT 404.73 480.40 Td (entities ) Tj ET Q q 0 0 0 rg BT 432.24 480.40 Td (with ) Tj ET Q q 0 0 0 rg BT 449.75 480.40 Td (local ) Tj ET Q q 0 0 0 rg BT 468.76 480.40 Td (operators ) Tj ET Q q 0 0 0 rg BT 503.76 480.40 Td (or ) Tj ET Q q 0 0 0 rg BT 512.78 480.40 Td (strategic ) Tj ET Q q 0 0 0 rg BT 544.78 480.40 Td (partners. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (All ) Tj ET Q q 0 0 0 rg BT 49.26 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.52 469.60 Td (these ) Tj ET Q q 0 0 0 rg BT 78.78 469.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 113.03 469.60 Td (may ) Tj ET Q q 0 0 0 rg BT 130.29 469.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 159.05 469.60 Td (interaction ) Tj ET Q q 0 0 0 rg BT 199.29 469.60 Td (by ) Tj ET Q q 0 0 0 rg BT 210.06 469.60 Td (our ) Tj ET Q q 0 0 0 rg BT 223.82 469.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 248.57 469.60 Td (with ) Tj ET Q q 0 0 0 rg BT 266.34 469.60 Td (government ) Tj ET Q q 0 0 0 rg BT 311.09 469.60 Td (of) Tj ET Q q 0 0 0 rg BT 318.42 469.60 Td (ficials. ) Tj ET Q q 0 0 0 rg BT 344.43 469.60 Td (Even ) Tj ET Q q 0 0 0 rg BT 364.68 469.60 Td (though ) Tj ET Q q 0 0 0 rg BT 391.44 469.60 Td (some ) Tj ET Q q 0 0 0 rg BT 412.21 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 421.47 469.60 Td (our ) Tj ET Q q 0 0 0 rg BT 435.23 469.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 459.98 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.74 469.60 Td (partners ) Tj ET Q q 0 0 0 rg BT 505.49 469.60 Td (may ) Tj ET Q q 0 0 0 rg BT 522.75 469.60 Td (not ) Tj ET Q q 0 0 0 rg BT 536.01 469.60 Td (themselves ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 458.80 Td (be ) Tj ET Q q 0 0 0 rg BT 46.63 458.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.25 458.80 Td (to ) Tj ET Q q 0 0 0 rg BT 83.38 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.51 458.80 Td (FCP) Tj ET Q q 0 0 0 rg BT 111.70 458.80 Td (A, ) Tj ET Q q 0 0 0 rg BT 122.58 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 135.71 458.80 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 155.34 458.80 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 184.49 458.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 199.62 458.80 Td (or ) Tj ET Q q 0 0 0 rg BT 209.25 458.80 Td (other ) Tj ET Q q 0 0 0 rg BT 229.88 458.80 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 274.49 458.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 293.12 458.80 Td (to ) Tj ET Q q 0 0 0 rg BT 302.25 458.80 Td (which ) Tj ET Q q 0 0 0 rg BT 326.38 458.80 Td (we ) Tj ET Q q 0 0 0 rg BT 339.00 458.80 Td (may ) Tj ET Q q 0 0 0 rg BT 356.63 458.80 Td (be ) Tj ET Q q 0 0 0 rg BT 367.26 458.80 Td (subject, ) Tj ET Q q 0 0 0 rg BT 397.13 458.80 Td (if ) Tj ET Q q 0 0 0 rg BT 404.76 458.80 Td (our ) Tj ET Q q 0 0 0 rg BT 418.89 458.80 Td (agents ) Tj ET Q q 0 0 0 rg BT 444.02 458.80 Td (or ) Tj ET Q q 0 0 0 rg BT 453.65 458.80 Td (partners ) Tj ET Q q 0 0 0 rg BT 484.77 458.80 Td (make ) Tj ET Q q 0 0 0 rg BT 506.39 458.80 Td (improper ) Tj ET Q q 0 0 0 rg BT 541.51 458.80 Td (payments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.00 Td (to ) Tj ET Q q 0 0 0 rg BT 44.96 448.00 Td ( ) Tj ET Q q 0 0 0 rg BT 46.92 448.00 Td (government ) Tj ET Q q 0 0 0 rg BT 91.86 448.00 Td (of) Tj ET Q q 0 0 0 rg BT 99.20 448.00 Td (ficials ) Tj ET Q q 0 0 0 rg BT 123.15 448.00 Td (or ) Tj ET Q q 0 0 0 rg BT 132.60 448.00 Td (other ) Tj ET Q q 0 0 0 rg BT 153.06 448.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 182.51 448.00 Td ( ) Tj ET Q q 0 0 0 rg BT 184.47 448.00 Td (in ) Tj ET Q q 0 0 0 rg BT 193.43 448.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 234.87 448.00 Td (with ) Tj ET Q q 0 0 0 rg BT 252.83 448.00 Td (engagements ) Tj ET Q q 0 0 0 rg BT 301.77 448.00 Td (or ) Tj ET Q q 0 0 0 rg BT 311.23 448.00 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 357.18 448.00 Td (with ) Tj ET Q q 0 0 0 rg BT 375.14 448.00 Td (us, ) Tj ET Q q 0 0 0 rg BT 387.35 448.00 Td (we ) Tj ET Q q 0 0 0 rg BT 399.80 448.00 Td (could ) Tj ET Q q 0 0 0 rg BT 421.76 448.00 Td (be ) Tj ET Q q 0 0 0 rg BT 432.21 448.00 Td (investigated ) Tj ET Q q 0 0 0 rg BT 477.66 448.00 Td (and ) Tj ET Q q 0 0 0 rg BT 492.61 448.00 Td (potentially ) Tj ET Q q 0 0 0 rg BT 533.06 448.00 Td (found ) Tj ET Q q 0 0 0 rg BT 556.02 448.00 Td (liable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.20 Td (for ) Tj ET Q q 0 0 0 rg BT 48.91 437.20 Td (violation ) Tj ET Q q 0 0 0 rg BT 83.33 437.20 Td (of ) Tj ET Q q 0 0 0 rg BT 93.24 437.20 Td (such ) Tj ET Q q 0 0 0 rg BT 112.16 437.20 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 157.06 437.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 175.97 437.20 Td (and ) Tj ET Q q 0 0 0 rg BT 191.38 437.20 Td (could ) Tj ET Q q 0 0 0 rg BT 213.80 437.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 234.71 437.20 Td (civil ) Tj ET Q q 0 0 0 rg BT 253.12 437.20 Td (and ) Tj ET Q q 0 0 0 rg BT 268.53 437.20 Td (criminal ) Tj ET Q q 0 0 0 rg BT 300.94 437.20 Td (penalties ) Tj ET Q q 0 0 0 rg BT 335.35 437.20 Td (and ) Tj ET Q q 0 0 0 rg BT 350.76 437.20 Td (other ) Tj ET Q q 0 0 0 rg BT 371.67 437.20 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 409.83 437.20 Td (which ) Tj ET Q q 0 0 0 rg BT 434.24 437.20 Td (could ) Tj ET Q q 0 0 0 rg BT 456.66 437.20 Td (have ) Tj ET Q q 0 0 0 rg BT 476.06 437.20 Td (a ) Tj ET Q q 0 0 0 rg BT 482.48 437.20 Td (material ) Tj ET Q q 0 0 0 rg BT 514.38 437.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 544.28 437.20 Td (ef) Tj ET Q q 0 0 0 rg BT 551.11 437.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 567.01 437.20 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 426.40 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 426.40 Td (business ) Tj ET Q q 0 0 0 rg BT 83.00 426.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.24 426.40 Td (results ) Tj ET Q q 0 0 0 rg BT 123.99 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 133.74 426.40 Td (operation. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 398.80 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 89.98 398.80 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 398.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 158.90 398.80 Td (regulation ) Tj ET Q q 0 0 0 rg BT 199.37 398.80 Td (of ) Tj ET Q q 0 0 0 rg BT 208.83 398.80 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 244.30 398.80 Td (may ) Tj ET Q q 0 0 0 rg BT 261.75 398.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 294.71 398.80 Td (the ) Tj ET Q q 0 0 0 rg BT 308.17 398.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 324.62 398.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.08 398.80 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 371.55 398.80 Td (supplies ) Tj ET Q q 0 0 0 rg BT 403.52 398.80 Td (or ) Tj ET Q q 0 0 0 rg BT 413.48 398.80 Td (restrict ) Tj ET Q q 0 0 0 rg BT 441.44 398.80 Td (our ) Tj ET Q q 0 0 0 rg BT 456.41 398.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 481.36 398.80 Td (to ) Tj ET Q q 0 0 0 rg BT 490.32 398.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 515.79 398.80 Td (needed ) Tj ET Q q 0 0 0 rg BT 543.74 398.80 Td (supplies, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 388.00 Td (which ) Tj ET Q q 0 0 0 rg BT 60.76 388.00 Td (may ) Tj ET Q q 0 0 0 rg BT 78.50 388.00 Td (have ) Tj ET Q q 0 0 0 rg BT 98.25 388.00 Td (a ) Tj ET Q q 0 0 0 rg BT 105.00 388.00 Td (material ) Tj ET Q q 0 0 0 rg BT 138.25 388.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 168.49 388.00 Td (ef) Tj ET Q q 0 0 0 rg BT 175.32 388.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 191.05 388.00 Td (on ) Tj ET Q q 0 0 0 rg BT 202.81 388.00 Td (our ) Tj ET Q q 0 0 0 rg BT 218.07 388.00 Td (results ) Tj ET Q q 0 0 0 rg BT 244.82 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 254.57 388.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 295.83 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.08 388.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.84 388.00 Td (condition.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 374.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.12 374.20 Td (rely ) Tj ET Q q 0 0 0 rg BT 66.46 374.20 Td (on ) Tj ET Q q 0 0 0 rg BT 77.81 374.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.65 374.20 Td (third ) Tj ET Q q 0 0 0 rg BT 124.00 374.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 150.34 374.20 Td (to ) Tj ET Q q 0 0 0 rg BT 159.69 374.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 189.53 374.20 Td (supplies ) Tj ET Q q 0 0 0 rg BT 221.38 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 236.73 374.20 Td (services ) Tj ET Q q 0 0 0 rg BT 268.07 374.20 Td (necessary ) Tj ET Q q 0 0 0 rg BT 305.40 374.20 Td (for ) Tj ET Q q 0 0 0 rg BT 318.24 374.20 Td (our ) Tj ET Q q 0 0 0 rg BT 332.59 374.20 Td (of) Tj ET Q q 0 0 0 rg BT 339.93 374.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 364.77 374.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 393.62 374.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 435.71 374.20 Td (including ) Tj ET Q q 0 0 0 rg BT 472.06 374.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 500.91 374.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 541.25 374.20 Td (suppliers, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.40 Td (caterers ) Tj ET Q q 0 0 0 rg BT 66.43 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 81.88 363.40 Td (machinery ) Tj ET Q q 0 0 0 rg BT 122.32 363.40 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 159.35 363.40 Td (The ) Tj ET Q q 0 0 0 rg BT 175.80 363.40 Td (number ) Tj ET Q q 0 0 0 rg BT 205.75 363.40 Td (of ) Tj ET Q q 0 0 0 rg BT 215.70 363.40 Td (available ) Tj ET Q q 0 0 0 rg BT 250.64 363.40 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 285.59 363.40 Td (is ) Tj ET Q q 0 0 0 rg BT 294.05 363.40 Td (limited, ) Tj ET Q q 0 0 0 rg BT 324.25 363.40 Td (resulting ) Tj ET Q q 0 0 0 rg BT 358.21 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 367.66 363.40 Td (fewer ) Tj ET Q q 0 0 0 rg BT 390.60 363.40 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 434.54 363.40 Td (for ) Tj ET Q q 0 0 0 rg BT 447.49 363.40 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 480.94 363.40 Td (key ) Tj ET Q q 0 0 0 rg BT 496.39 363.40 Td (supplies. ) Tj ET Q q 0 0 0 rg BT 530.42 363.40 Td (W) Tj ET Q q 0 0 0 rg BT 538.55 363.40 Td (ith ) Tj ET Q q 0 0 0 rg BT 550.51 363.40 Td (respect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.60 Td (to ) Tj ET Q q 0 0 0 rg BT 44.74 352.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 70.95 352.60 Td (items, ) Tj ET Q q 0 0 0 rg BT 94.44 352.60 Td (such ) Tj ET Q q 0 0 0 rg BT 112.67 352.60 Td (as ) Tj ET Q q 0 0 0 rg BT 121.90 352.60 Td (blow-out ) Tj ET Q q 0 0 0 rg BT 156.14 352.60 Td (preventers, ) Tj ET Q q 0 0 0 rg BT 197.60 352.60 Td (or ) Tj ET Q q 0 0 0 rg BT 206.84 352.60 Td (BOPs, ) Tj ET Q q 0 0 0 rg BT 231.83 352.60 Td (we ) Tj ET Q q 0 0 0 rg BT 244.06 352.60 Td (are ) Tj ET Q q 0 0 0 rg BT 256.79 352.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 292.00 352.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 330.72 352.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 350.46 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.19 352.60 Td (original ) Tj ET Q q 0 0 0 rg BT 392.92 352.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 432.65 352.60 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 482.35 352.60 Td (for ) Tj ET Q q 0 0 0 rg BT 494.58 352.60 Td (repair ) Tj ET Q q 0 0 0 rg BT 517.30 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 532.03 352.60 Td (replacement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.69 341.80 Td (the ) Tj ET Q q 0 0 0 rg BT 58.88 341.80 Td (item ) Tj ET Q q 0 0 0 rg BT 77.07 341.80 Td (or ) Tj ET Q q 0 0 0 rg BT 86.76 341.80 Td (its ) Tj ET Q q 0 0 0 rg BT 97.46 341.80 Td (spare ) Tj ET Q q 0 0 0 rg BT 118.64 341.80 Td (parts. ) Tj ET Q q 0 0 0 rg BT 140.58 341.80 Td (Such ) Tj ET Q q 0 0 0 rg BT 160.77 341.80 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 213.71 341.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 251.39 341.80 Td (with ) Tj ET Q q 0 0 0 rg BT 269.59 341.80 Td (a ) Tj ET Q q 0 0 0 rg BT 275.78 341.80 Td (high ) Tj ET Q q 0 0 0 rg BT 293.97 341.80 Td (volume ) Tj ET Q q 0 0 0 rg BT 323.16 341.80 Td (of ) Tj ET Q q 0 0 0 rg BT 332.85 341.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 361.54 341.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 377.24 341.80 Td (under ) Tj ET Q q 0 0 0 rg BT 399.92 341.80 Td (construction, ) Tj ET Q q 0 0 0 rg BT 448.86 341.80 Td (may ) Tj ET Q q 0 0 0 rg BT 466.55 341.80 Td (result ) Tj ET Q q 0 0 0 rg BT 488.74 341.80 Td (in ) Tj ET Q q 0 0 0 rg BT 497.93 341.80 Td (a ) Tj ET Q q 0 0 0 rg BT 504.12 341.80 Td (shortage ) Tj ET Q q 0 0 0 rg BT 536.80 341.80 Td (of ) Tj ET Q q 0 0 0 rg BT 546.49 341.80 Td (supplies ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.07 331.00 Td (services ) Tj ET Q q 0 0 0 rg BT 82.13 331.00 Td (thereby ) Tj ET Q q 0 0 0 rg BT 111.19 331.00 Td (increasing ) Tj ET Q q 0 0 0 rg BT 150.25 331.00 Td (the ) Tj ET Q q 0 0 0 rg BT 163.32 331.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 179.89 331.00 Td (of ) Tj ET Q q 0 0 0 rg BT 189.46 331.00 Td (supplies ) Tj ET Q q 0 0 0 rg BT 221.04 331.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 246.10 331.00 Td (potentially ) Tj ET Q q 0 0 0 rg BT 286.67 331.00 Td (inhibiting ) Tj ET Q q 0 0 0 rg BT 323.75 331.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.81 331.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 361.89 331.00 Td (of ) Tj ET Q q 0 0 0 rg BT 371.46 331.00 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 406.03 331.00 Td (to ) Tj ET Q q 0 0 0 rg BT 415.10 331.00 Td (deliver ) Tj ET Q q 0 0 0 rg BT 442.16 331.00 Td (on ) Tj ET Q q 0 0 0 rg BT 453.24 331.00 Td (time. ) Tj ET Q q 0 0 0 rg BT 473.56 331.00 Td (For ) Tj ET Q q 0 0 0 rg BT 488.14 331.00 Td (instance, ) Tj ET Q q 0 0 0 rg BT 521.95 331.00 Td (several ) Tj ET Q q 0 0 0 rg BT 549.51 331.00 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 78.41 320.20 Td (including ) Tj ET Q q 0 0 0 rg BT 114.08 320.20 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 146.00 320.20 Td (experienced ) Tj ET Q q 0 0 0 rg BT 191.15 320.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 230.81 320.20 Td (interruption ) Tj ET Q q 0 0 0 rg BT 274.98 320.20 Td (of ) Tj ET Q q 0 0 0 rg BT 284.15 320.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.32 320.20 Td (in ) Tj ET Q q 0 0 0 rg BT 331.99 320.20 Td (early ) Tj ET Q q 0 0 0 rg BT 351.66 320.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 371.33 320.20 Td (as ) Tj ET Q q 0 0 0 rg BT 380.50 320.20 Td (a ) Tj ET Q q 0 0 0 rg BT 386.17 320.20 Td (result ) Tj ET Q q 0 0 0 rg BT 407.84 320.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.02 320.20 Td (a ) Tj ET Q q 0 0 0 rg BT 422.69 320.20 Td (defective ) Tj ET Q q 0 0 0 rg BT 457.34 320.20 Td (batch ) Tj ET Q q 0 0 0 rg BT 478.50 320.20 Td (of ) Tj ET Q q 0 0 0 rg BT 487.68 320.20 Td (connector ) Tj ET Q q 0 0 0 rg BT 524.83 320.20 Td (bolts ) Tj ET Q q 0 0 0 rg BT 544.01 320.20 Td (procured ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 309.40 Td (by ) Tj ET Q q 0 0 0 rg BT 47.04 309.40 Td (a ) Tj ET Q q 0 0 0 rg BT 53.08 309.40 Td (supplier ) Tj ET Q q 0 0 0 rg BT 84.11 309.40 Td (of ) Tj ET Q q 0 0 0 rg BT 93.65 309.40 Td (BOP) Tj ET Q q 0 0 0 rg BT 110.83 309.40 Td ( ) Tj ET Q q 0 0 0 rg BT 112.87 309.40 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 155.15 309.40 Td (and ) Tj ET Q q 0 0 0 rg BT 170.19 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 183.22 309.40 Td (only ) Tj ET Q q 0 0 0 rg BT 201.27 309.40 Td (source ) Tj ET Q q 0 0 0 rg BT 226.80 309.40 Td (of ) Tj ET Q q 0 0 0 rg BT 236.33 309.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 271.86 309.40 Td (replacement ) Tj ET Q q 0 0 0 rg BT 317.88 309.40 Td (bolts ) Tj ET Q q 0 0 0 rg BT 337.42 309.40 Td (was ) Tj ET Q q 0 0 0 rg BT 353.46 309.40 Td (that ) Tj ET Q q 0 0 0 rg BT 369.00 309.40 Td (same ) Tj ET Q q 0 0 0 rg BT 389.53 309.40 Td (supplier) Tj ET Q q 0 0 0 rg BT 418.03 309.40 Td (. ) Tj ET Q q 0 0 0 rg BT 422.32 309.40 Td (Similar ) Tj ET Q q 0 0 0 rg BT 450.86 309.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 467.40 309.40 Td (increases ) Tj ET Q q 0 0 0 rg BT 502.42 309.40 Td (or ) Tj ET Q q 0 0 0 rg BT 511.96 309.40 Td (delays ) Tj ET Q q 0 0 0 rg BT 536.99 309.40 Td (could ) Tj ET Q q 0 0 0 rg BT 559.03 309.40 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.60 Td (a ) Tj ET Q q 0 0 0 rg BT 41.54 298.60 Td (material ) Tj ET Q q 0 0 0 rg BT 72.56 298.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 101.59 298.60 Td (ef) Tj ET Q q 0 0 0 rg BT 108.42 298.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 123.45 298.60 Td (on ) Tj ET Q q 0 0 0 rg BT 133.99 298.60 Td (our ) Tj ET Q q 0 0 0 rg BT 147.53 298.60 Td (results ) Tj ET Q q 0 0 0 rg BT 172.58 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.62 298.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 220.65 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.19 298.60 Td (result ) Tj ET Q q 0 0 0 rg BT 256.73 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.27 298.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 276.81 298.60 Td (downtime, ) Tj ET Q q 0 0 0 rg BT 316.60 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.14 298.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 355.67 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 364.22 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.76 298.60 Td (repair ) Tj ET Q q 0 0 0 rg BT 399.28 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.82 298.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 460.84 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.88 298.60 Td (our ) Tj ET Q q 0 0 0 rg BT 483.42 298.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 511.46 298.60 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 528.76 298.60 Td (Furthermore, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 287.80 Td (many ) Tj ET Q q 0 0 0 rg BT 57.72 287.80 Td (of ) Tj ET Q q 0 0 0 rg BT 66.94 287.80 Td (our ) Tj ET Q q 0 0 0 rg BT 80.66 287.80 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 114.88 287.80 Td (are ) Tj ET Q q 0 0 0 rg BT 127.59 287.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 145.32 287.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 185.53 287.80 Td (or ) Tj ET Q q 0 0 0 rg BT 194.75 287.80 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 228.98 287.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 273.20 287.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 298.91 287.80 Td (or ) Tj ET Q q 0 0 0 rg BT 308.13 287.80 Td (controlled ) Tj ET Q q 0 0 0 rg BT 346.35 287.80 Td (by ) Tj ET Q q 0 0 0 rg BT 357.07 287.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 374.80 287.80 Td (companies, ) Tj ET Q q 0 0 0 rg BT 417.26 287.80 Td (which ) Tj ET Q q 0 0 0 rg BT 440.98 287.80 Td (means ) Tj ET Q q 0 0 0 rg BT 465.69 287.80 Td (that ) Tj ET Q q 0 0 0 rg BT 480.91 287.80 Td (in ) Tj ET Q q 0 0 0 rg BT 489.64 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 502.35 287.80 Td (event ) Tj ET Q q 0 0 0 rg BT 523.57 287.80 Td (a ) Tj ET Q q 0 0 0 rg BT 529.29 287.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 547.02 287.80 Td (supplier ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.00 Td (was ) Tj ET Q q 0 0 0 rg BT 51.52 277.00 Td (debarred ) Tj ET Q q 0 0 0 rg BT 84.51 277.00 Td (or ) Tj ET Q q 0 0 0 rg BT 93.53 277.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 130.04 277.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 165.04 277.00 Td (by ) Tj ET Q q 0 0 0 rg BT 175.55 277.00 Td (the ) Tj ET Q q 0 0 0 rg BT 188.07 277.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 205.59 277.00 Td (government ) Tj ET Q q 0 0 0 rg BT 250.10 277.00 Td (from ) Tj ET Q q 0 0 0 rg BT 269.11 277.00 Td (delivering ) Tj ET Q q 0 0 0 rg BT 307.12 277.00 Td (products, ) Tj ET Q q 0 0 0 rg BT 341.88 277.00 Td (our ) Tj ET Q q 0 0 0 rg BT 355.40 277.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 379.91 277.00 Td (to ) Tj ET Q q 0 0 0 rg BT 388.43 277.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 413.95 277.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.46 277.00 Td (service ) Tj ET Q q 0 0 0 rg BT 455.47 277.00 Td (our ) Tj ET Q q 0 0 0 rg BT 468.98 277.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 507.99 277.00 Td (could ) Tj ET Q q 0 0 0 rg BT 529.50 277.00 Td (be ) Tj ET Q q 0 0 0 rg BT 539.52 277.00 Td (materially ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 266.20 Td (impacted. ) Tj ET Q q 0 0 0 rg BT 72.55 266.20 Td (In ) Tj ET Q q 0 0 0 rg BT 81.36 266.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 114.41 266.20 Td (through ) Tj ET Q q 0 0 0 rg BT 143.72 266.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 181.52 266.20 Td (and ) Tj ET Q q 0 0 0 rg BT 195.83 266.20 Td (permitting, ) Tj ET Q q 0 0 0 rg BT 236.89 266.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 262.68 266.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 289.98 266.20 Td (governments ) Tj ET Q q 0 0 0 rg BT 337.78 266.20 Td (ef) Tj ET Q q 0 0 0 rg BT 344.61 266.20 Td (fectively ) Tj ET Q q 0 0 0 rg BT 377.41 266.20 Td (restrict ) Tj ET Q q 0 0 0 rg BT 403.71 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 416.01 266.20 Td (number ) Tj ET Q q 0 0 0 rg BT 444.82 266.20 Td (of ) Tj ET Q q 0 0 0 rg BT 453.63 266.20 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 487.44 266.20 Td (and ) Tj ET Q q 0 0 0 rg BT 501.74 266.20 Td (technicians ) Tj ET Q q 0 0 0 rg BT 543.54 266.20 Td (available ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 255.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 255.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 71.50 255.40 Td (and ) Tj ET Q q 0 0 0 rg BT 86.75 255.40 Td (service ) Tj ET Q q 0 0 0 rg BT 114.48 255.40 Td (our ) Tj ET Q q 0 0 0 rg BT 128.73 255.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 168.47 255.40 Td (in ) Tj ET Q q 0 0 0 rg BT 177.72 255.40 Td (those ) Tj ET Q q 0 0 0 rg BT 198.97 255.40 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 247.97 255.40 Td (which ) Tj ET Q q 0 0 0 rg BT 272.21 255.40 Td (could ) Tj ET Q q 0 0 0 rg BT 294.46 255.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 333.19 255.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 359.93 255.40 Td (our ) Tj ET Q q 0 0 0 rg BT 374.18 255.40 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 227.80 Td (Acts ) Tj ET Q q 0 0 0 rg BT 54.30 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 64.09 227.80 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 103.15 227.80 Td (piracy ) Tj ET Q q 0 0 0 rg BT 128.44 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 144.74 227.80 Td (political ) Tj ET Q q 0 0 0 rg BT 177.04 227.80 Td (and ) Tj ET Q q 0 0 0 rg BT 193.34 227.80 Td (social ) Tj ET Q q 0 0 0 rg BT 217.14 227.80 Td (unrest ) Tj ET Q q 0 0 0 rg BT 242.95 227.80 Td (could ) Tj ET Q q 0 0 0 rg BT 265.75 227.80 Td (af) Tj ET Q q 0 0 0 rg BT 273.08 227.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 288.87 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 302.66 227.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 334.46 227.80 Td (for ) Tj ET Q q 0 0 0 rg BT 347.76 227.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 377.57 227.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 411.10 227.80 Td (which ) Tj ET Q q 0 0 0 rg BT 435.91 227.80 Td (may ) Tj ET Q q 0 0 0 rg BT 453.70 227.80 Td (have ) Tj ET Q q 0 0 0 rg BT 473.50 227.80 Td (a ) Tj ET Q q 0 0 0 rg BT 480.30 227.80 Td (material ) Tj ET Q q 0 0 0 rg BT 513.59 227.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 543.88 227.80 Td (ef) Tj ET Q q 0 0 0 rg BT 550.71 227.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 566.49 227.80 Td (on ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 217.00 Td (our ) Tj ET Q q 0 0 0 rg BT 51.26 217.00 Td (results ) Tj ET Q q 0 0 0 rg BT 78.02 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 87.76 217.00 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 203.20 Td (Acts ) Tj ET Q q 0 0 0 rg BT 55.22 203.20 Td (of ) Tj ET Q q 0 0 0 rg BT 65.44 203.20 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 103.40 203.20 Td (piracy ) Tj ET Q q 0 0 0 rg BT 128.61 203.20 Td (and ) Tj ET Q q 0 0 0 rg BT 144.33 203.20 Td (political ) Tj ET Q q 0 0 0 rg BT 176.54 203.20 Td (and ) Tj ET Q q 0 0 0 rg BT 192.26 203.20 Td (social ) Tj ET Q q 0 0 0 rg BT 215.98 203.20 Td (unrest, ) Tj ET Q q 0 0 0 rg BT 242.94 203.20 Td (brought ) Tj ET Q q 0 0 0 rg BT 273.66 203.20 Td (about ) Tj ET Q q 0 0 0 rg BT 296.38 203.20 Td (by ) Tj ET Q q 0 0 0 rg BT 308.10 203.20 Td (world ) Tj ET Q q 0 0 0 rg BT 331.82 203.20 Td (political ) Tj ET Q q 0 0 0 rg BT 364.04 203.20 Td (events ) Tj ET Q q 0 0 0 rg BT 389.75 203.20 Td (or ) Tj ET Q q 0 0 0 rg BT 399.97 203.20 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 439.93 203.20 Td (have ) Tj ET Q q 0 0 0 rg BT 459.65 203.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 486.85 203.20 Td (instability ) Tj ET Q q 0 0 0 rg BT 525.58 203.20 Td (in ) Tj ET Q q 0 0 0 rg BT 535.30 203.20 Td (the ) Tj ET Q q 0 0 0 rg BT 549.02 203.20 Td (world) Tj ET Q q 0 0 0 rg BT 572.52 203.20 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 192.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.83 192.40 Td (and ) Tj ET Q q 0 0 0 rg BT 85.17 192.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 122.00 192.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 152.84 192.40 Td (in ) Tj ET Q q 0 0 0 rg BT 162.18 192.40 Td (the ) Tj ET Q q 0 0 0 rg BT 175.53 192.40 Td (past ) Tj ET Q q 0 0 0 rg BT 192.37 192.40 Td (and ) Tj ET Q q 0 0 0 rg BT 207.71 192.40 Td (may ) Tj ET Q q 0 0 0 rg BT 225.55 192.40 Td (occur ) Tj ET Q q 0 0 0 rg BT 247.89 192.40 Td (in ) Tj ET Q q 0 0 0 rg BT 257.23 192.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.58 192.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 296.66 192.40 Td (Such ) Tj ET Q q 0 0 0 rg BT 317.01 192.40 Td (acts ) Tj ET Q q 0 0 0 rg BT 333.35 192.40 Td (could ) Tj ET Q q 0 0 0 rg BT 355.69 192.40 Td (be ) Tj ET Q q 0 0 0 rg BT 366.53 192.40 Td (directed ) Tj ET Q q 0 0 0 rg BT 397.86 192.40 Td (against ) Tj ET Q q 0 0 0 rg BT 425.70 192.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 466.53 192.40 Td (such ) Tj ET Q q 0 0 0 rg BT 485.38 192.40 Td (as ) Tj ET Q q 0 0 0 rg BT 495.22 192.40 Td (ours ) Tj ET Q q 0 0 0 rg BT 513.07 192.40 Td (or ) Tj ET Q q 0 0 0 rg BT 522.91 192.40 Td (our ) Tj ET Q q 0 0 0 rg BT 537.25 192.40 Td (customers. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 181.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.95 181.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 80.41 181.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 119.85 181.60 Td (could ) Tj ET Q q 0 0 0 rg BT 141.81 181.60 Td (also ) Tj ET Q q 0 0 0 rg BT 158.26 181.60 Td (be ) Tj ET Q q 0 0 0 rg BT 168.71 181.60 Td (tar) Tj ET Q q 0 0 0 rg BT 178.04 181.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 199.49 181.60 Td (by ) Tj ET Q q 0 0 0 rg BT 210.44 181.60 Td (acts ) Tj ET Q q 0 0 0 rg BT 226.39 181.60 Td (of ) Tj ET Q q 0 0 0 rg BT 235.85 181.60 Td (piracy) Tj ET Q q 0 0 0 rg BT 257.75 181.60 Td (. ) Tj ET Q q 0 0 0 rg BT 261.96 181.60 Td (In ) Tj ET Q q 0 0 0 rg BT 271.41 181.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 305.11 181.60 Td (acts ) Tj ET Q q 0 0 0 rg BT 321.06 181.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.51 181.60 Td (terrorism ) Tj ET Q q 0 0 0 rg BT 365.46 181.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.41 181.60 Td (social ) Tj ET Q q 0 0 0 rg BT 403.36 181.60 Td (unrest ) Tj ET Q q 0 0 0 rg BT 427.31 181.60 Td (could ) Tj ET Q q 0 0 0 rg BT 449.26 181.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 466.21 181.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.17 181.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 511.10 181.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 545.56 181.60 Td (in ) Tj ET Q q 0 0 0 rg BT 554.51 181.60 Td (prices ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 170.80 Td (for ) Tj ET Q q 0 0 0 rg BT 48.29 170.80 Td (crude ) Tj ET Q q 0 0 0 rg BT 70.08 170.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 81.37 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 96.17 170.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 109.96 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 124.75 170.80 Td (could ) Tj ET Q q 0 0 0 rg BT 146.54 170.80 Td (af) Tj ET Q q 0 0 0 rg BT 153.37 170.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 168.66 170.80 Td (the ) Tj ET Q q 0 0 0 rg BT 181.45 170.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 211.74 170.80 Td (for ) Tj ET Q q 0 0 0 rg BT 224.03 170.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 252.33 170.80 Td (services ) Tj ET Q q 0 0 0 rg BT 283.11 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 297.90 170.80 Td (result ) Tj ET Q q 0 0 0 rg BT 319.69 170.80 Td (in ) Tj ET Q q 0 0 0 rg BT 328.49 170.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 350.78 170.80 Td (dayrates. ) Tj ET Q q 0 0 0 rg BT 384.81 170.80 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 421.59 170.80 Td (premiums ) Tj ET Q q 0 0 0 rg BT 459.38 170.80 Td (could ) Tj ET Q q 0 0 0 rg BT 481.17 170.80 Td (also ) Tj ET Q q 0 0 0 rg BT 497.47 170.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 528.75 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 543.54 170.80 Td (coverage ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 160.00 Td (may ) Tj ET Q q 0 0 0 rg BT 54.09 160.00 Td (be ) Tj ET Q q 0 0 0 rg BT 65.18 160.00 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 109.25 160.00 Td (in ) Tj ET Q q 0 0 0 rg BT 118.85 160.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.43 160.00 Td (future. ) Tj ET Q q 0 0 0 rg BT 158.77 160.00 Td (Increased ) Tj ET Q q 0 0 0 rg BT 195.84 160.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 232.91 160.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 253.51 160.00 Td (or ) Tj ET Q q 0 0 0 rg BT 263.60 160.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 300.17 160.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 317.26 160.00 Td (of ) Tj ET Q q 0 0 0 rg BT 327.35 160.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 371.43 160.00 Td (with ) Tj ET Q q 0 0 0 rg BT 390.02 160.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 429.59 160.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 472.18 160.00 Td (may ) Tj ET Q q 0 0 0 rg BT 490.27 160.00 Td (have ) Tj ET Q q 0 0 0 rg BT 509.85 160.00 Td (a ) Tj ET Q q 0 0 0 rg BT 516.44 160.00 Td (material ) Tj ET Q q 0 0 0 rg BT 548.52 160.00 Td (adverse ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 149.20 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 149.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 58.57 149.20 Td (on ) Tj ET Q q 0 0 0 rg BT 69.82 149.20 Td (our ) Tj ET Q q 0 0 0 rg BT 84.06 149.20 Td (results ) Tj ET Q q 0 0 0 rg BT 109.81 149.20 Td (of ) Tj ET Q q 0 0 0 rg BT 119.56 149.20 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 121.60 Td (A) Tj ET Q q 0 0 0 rg BT 41.51 121.60 Td ( ) Tj ET Q q 0 0 0 rg BT 43.76 121.60 Td (cyber-attack ) Tj ET Q q 0 0 0 rg BT 91.49 121.60 Td (could ) Tj ET Q q 0 0 0 rg BT 114.24 121.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 153.98 121.60 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 182.24 121.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.50 121.60 Td (business.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 107.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 107.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.68 107.80 Td (rely ) Tj ET Q q 0 0 0 rg BT 65.58 107.80 Td (on ) Tj ET Q q 0 0 0 rg BT 76.49 107.80 Td (information ) Tj ET Q q 0 0 0 rg BT 120.88 107.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 162.78 107.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 193.19 107.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.10 107.80 Td (networks ) Tj ET Q q 0 0 0 rg BT 243.00 107.80 Td (in ) Tj ET Q q 0 0 0 rg BT 251.91 107.80 Td (our ) Tj ET Q q 0 0 0 rg BT 265.81 107.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 305.21 107.80 Td (and ) Tj ET Q q 0 0 0 rg BT 320.11 107.80 Td (administration ) Tj ET Q q 0 0 0 rg BT 374.01 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 383.42 107.80 Td (our ) Tj ET Q q 0 0 0 rg BT 397.32 107.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 431.98 107.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 447.89 107.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 476.30 107.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 515.69 107.80 Td (or ) Tj ET Q q 0 0 0 rg BT 525.10 107.80 Td (other ) Tj ET Q q 0 0 0 rg BT 545.50 107.80 Td (business ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 97.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.59 97.00 Td (could ) Tj ET Q q 0 0 0 rg BT 97.69 97.00 Td (be ) Tj ET Q q 0 0 0 rg BT 108.29 97.00 Td (tar) Tj ET Q q 0 0 0 rg BT 117.62 97.00 Td (geted ) Tj ET Q q 0 0 0 rg BT 139.21 97.00 Td (by ) Tj ET Q q 0 0 0 rg BT 150.32 97.00 Td (individuals ) Tj ET Q q 0 0 0 rg BT 192.42 97.00 Td (or ) Tj ET Q q 0 0 0 rg BT 202.02 97.00 Td (groups ) Tj ET Q q 0 0 0 rg BT 228.63 97.00 Td (seeking ) Tj ET Q q 0 0 0 rg BT 258.22 97.00 Td (to ) Tj ET Q q 0 0 0 rg BT 267.33 97.00 Td (sabotage ) Tj ET Q q 0 0 0 rg BT 300.92 97.00 Td (or ) Tj ET Q q 0 0 0 rg BT 310.52 97.00 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 337.62 97.00 Td (our ) Tj ET Q q 0 0 0 rg BT 351.72 97.00 Td (information ) Tj ET Q q 0 0 0 rg BT 396.32 97.00 Td (technology ) Tj ET Q q 0 0 0 rg BT 438.41 97.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 469.02 97.00 Td (and ) Tj ET Q q 0 0 0 rg BT 484.12 97.00 Td (networks, ) Tj ET Q q 0 0 0 rg BT 521.47 97.00 Td (or ) Tj ET Q q 0 0 0 rg BT 531.07 97.00 Td (to ) Tj ET Q q 0 0 0 rg BT 540.17 97.00 Td (steal ) Tj ET Q q 0 0 0 rg BT 558.77 97.00 Td (data. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 86.20 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 86.20 Td ( ) Tj ET Q q 0 0 0 rg BT 44.12 86.20 Td (successful ) Tj ET Q q 0 0 0 rg BT 83.23 86.20 Td (cyber) Tj ET Q q 0 0 0 rg BT 103.03 86.20 Td (-attack ) Tj ET Q q 0 0 0 rg BT 129.63 86.20 Td (could ) Tj ET Q q 0 0 0 rg BT 151.75 86.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 190.35 86.20 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 217.47 86.20 Td (our ) Tj ET Q q 0 0 0 rg BT 231.58 86.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 273.44 86.20 Td (including ) Tj ET Q q 0 0 0 rg BT 309.56 86.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.67 86.20 Td (safety ) Tj ET Q q 0 0 0 rg BT 346.28 86.20 Td (of ) Tj ET Q q 0 0 0 rg BT 355.89 86.20 Td (our ) Tj ET Q q 0 0 0 rg BT 370.01 86.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 411.86 86.20 Td (or ) Tj ET Q q 0 0 0 rg BT 421.48 86.20 Td (lead ) Tj ET Q q 0 0 0 rg BT 438.59 86.20 Td (to ) Tj ET Q q 0 0 0 rg BT 447.71 86.20 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 496.81 86.20 Td (release ) Tj ET Q q 0 0 0 rg BT 523.90 86.20 Td (of ) Tj ET Q q 0 0 0 rg BT 533.52 86.20 Td (information ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 75.40 Td (or ) Tj ET Q q 0 0 0 rg BT 45.46 75.40 Td (alteration ) Tj ET Q q 0 0 0 rg BT 81.40 75.40 Td (of ) Tj ET Q q 0 0 0 rg BT 90.85 75.40 Td (information ) Tj ET Q q 0 0 0 rg BT 135.30 75.40 Td (on ) Tj ET Q q 0 0 0 rg BT 146.26 75.40 Td (our ) Tj ET Q q 0 0 0 rg BT 160.21 75.40 Td (systems. ) Tj ET Q q 0 0 0 rg BT 192.49 75.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 209.95 75.40 Td (such ) Tj ET Q q 0 0 0 rg BT 228.40 75.40 Td (attack ) Tj ET Q q 0 0 0 rg BT 251.85 75.40 Td (or ) Tj ET Q q 0 0 0 rg BT 261.30 75.40 Td (other ) Tj ET Q q 0 0 0 rg BT 281.75 75.40 Td (breach ) Tj ET Q q 0 0 0 rg BT 307.69 75.40 Td (of ) Tj ET Q q 0 0 0 rg BT 317.15 75.40 Td (our ) Tj ET Q q 0 0 0 rg BT 331.10 75.40 Td (information ) Tj ET Q q 0 0 0 rg BT 375.55 75.40 Td (technology ) Tj ET Q q 0 0 0 rg BT 417.50 75.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 447.96 75.40 Td (could ) Tj ET Q q 0 0 0 rg BT 469.91 75.40 Td (have ) Tj ET Q q 0 0 0 rg BT 488.86 75.40 Td (a ) Tj ET Q q 0 0 0 rg BT 494.81 75.40 Td (material ) Tj ET Q q 0 0 0 rg BT 526.25 75.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 555.69 75.40 Td (ef) Tj ET Q q 0 0 0 rg BT 562.52 75.40 Td (fect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 64.60 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 64.60 Td (our ) Tj ET Q q 0 0 0 rg BT 61.50 64.60 Td (business ) Tj ET Q q 0 0 0 rg BT 94.25 64.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.49 64.60 Td (results ) Tj ET Q q 0 0 0 rg BT 135.24 64.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.99 64.60 Td (operations.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (24) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (W) Tj ET Q q 0 0 0 rg BT 43.33 749.95 Td (e ) Tj ET Q q 0 0 0 rg BT 49.94 749.95 Td (may ) Tj ET Q q 0 0 0 rg BT 68.04 749.95 Td (not ) Tj ET Q q 0 0 0 rg BT 82.65 749.95 Td (be ) Tj ET Q q 0 0 0 rg BT 93.75 749.95 Td (able ) Tj ET Q q 0 0 0 rg BT 111.85 749.95 Td (to ) Tj ET Q q 0 0 0 rg BT 121.46 749.95 Td (keep ) Tj ET Q q 0 0 0 rg BT 141.05 749.95 Td (pace ) Tj ET Q q 0 0 0 rg BT 160.65 749.95 Td (with ) Tj ET Q q 0 0 0 rg BT 179.26 749.95 Td (the ) Tj ET Q q 0 0 0 rg BT 193.37 749.95 Td (continual ) Tj ET Q q 0 0 0 rg BT 231.49 749.95 Td (and ) Tj ET Q q 0 0 0 rg BT 248.10 749.95 Td (rapid ) Tj ET Q q 0 0 0 rg BT 270.21 749.95 Td (technological ) Tj ET Q q 0 0 0 rg BT 322.81 749.95 Td (developments ) Tj ET Q q 0 0 0 rg BT 375.40 749.95 Td (that ) Tj ET Q q 0 0 0 rg BT 392.52 749.95 Td (characterize ) Tj ET Q q 0 0 0 rg BT 440.61 749.95 Td (the ) Tj ET Q q 0 0 0 rg BT 454.72 749.95 Td (market ) Tj ET Q q 0 0 0 rg BT 483.32 749.95 Td (for ) Tj ET Q q 0 0 0 rg BT 496.93 749.95 Td (our ) Tj ET Q q 0 0 0 rg BT 512.54 749.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 546.39 749.95 Td (and ) Tj ET Q q 0 0 0 rg BT 563.00 749.95 Td (our ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 739.15 Td (failure ) Tj ET Q q 0 0 0 rg BT 63.25 739.15 Td (to ) Tj ET Q q 0 0 0 rg BT 72.50 739.15 Td (do ) Tj ET Q q 0 0 0 rg BT 83.75 739.15 Td (so ) Tj ET Q q 0 0 0 rg BT 94.00 739.15 Td (may ) Tj ET Q q 0 0 0 rg BT 111.75 739.15 Td (result ) Tj ET Q q 0 0 0 rg BT 135.00 739.15 Td (in ) Tj ET Q q 0 0 0 rg BT 144.76 739.15 Td (our ) Tj ET Q q 0 0 0 rg BT 160.02 739.15 Td (loss ) Tj ET Q q 0 0 0 rg BT 176.27 739.15 Td (of ) Tj ET Q q 0 0 0 rg BT 186.02 739.15 Td (market ) Tj ET Q q 0 0 0 rg BT 214.27 739.15 Td (share.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 725.35 Td (market ) Tj ET Q q 0 0 0 rg BT 79.48 725.35 Td (for ) Tj ET Q q 0 0 0 rg BT 92.22 725.35 Td (our ) Tj ET Q q 0 0 0 rg BT 106.46 725.35 Td (services ) Tj ET Q q 0 0 0 rg BT 137.70 725.35 Td (is ) Tj ET Q q 0 0 0 rg BT 145.95 725.35 Td (characterized ) Tj ET Q q 0 0 0 rg BT 196.15 725.35 Td (by ) Tj ET Q q 0 0 0 rg BT 207.40 725.35 Td (continual ) Tj ET Q q 0 0 0 rg BT 243.14 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 258.38 725.35 Td (rapid ) Tj ET Q q 0 0 0 rg BT 279.12 725.35 Td (technological ) Tj ET Q q 0 0 0 rg BT 329.85 725.35 Td (developments ) Tj ET Q q 0 0 0 rg BT 382.09 725.35 Td (that ) Tj ET Q q 0 0 0 rg BT 397.83 725.35 Td (have ) Tj ET Q q 0 0 0 rg BT 417.07 725.35 Td (resulted ) Tj ET Q q 0 0 0 rg BT 447.81 725.35 Td (in, ) Tj ET Q q 0 0 0 rg BT 459.31 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 474.55 725.35 Td (will ) Tj ET Q q 0 0 0 rg BT 490.80 725.35 Td (likely ) Tj ET Q q 0 0 0 rg BT 513.54 725.35 Td (continue ) Tj ET Q q 0 0 0 rg BT 546.78 725.35 Td (to ) Tj ET Q q 0 0 0 rg BT 556.03 725.35 Td (result ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (in, ) Tj ET Q q 0 0 0 rg BT 47.68 714.55 Td (substantial ) Tj ET Q q 0 0 0 rg BT 88.60 714.55 Td (improvements ) Tj ET Q q 0 0 0 rg BT 142.51 714.55 Td (in ) Tj ET Q q 0 0 0 rg BT 151.94 714.55 Td (equipment ) Tj ET Q q 0 0 0 rg BT 192.35 714.55 Td (functions ) Tj ET Q q 0 0 0 rg BT 228.27 714.55 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 714.55 Td (performance. ) Tj ET Q q 0 0 0 rg BT 293.30 714.55 Td (As ) Tj ET Q q 0 0 0 rg BT 305.73 714.55 Td (a ) Tj ET Q q 0 0 0 rg BT 312.15 714.55 Td (result, ) Tj ET Q q 0 0 0 rg BT 336.82 714.55 Td (our ) Tj ET Q q 0 0 0 rg BT 351.24 714.55 Td (future ) Tj ET Q q 0 0 0 rg BT 375.15 714.55 Td (success ) Tj ET Q q 0 0 0 rg BT 404.57 714.55 Td (and ) Tj ET Q q 0 0 0 rg BT 419.99 714.55 Td (profitability ) Tj ET Q q 0 0 0 rg BT 465.41 714.55 Td (will ) Tj ET Q q 0 0 0 rg BT 481.83 714.55 Td (be ) Tj ET Q q 0 0 0 rg BT 492.75 714.55 Td (dependent ) Tj ET Q q 0 0 0 rg BT 532.16 714.55 Td (in ) Tj ET Q q 0 0 0 rg BT 541.59 714.55 Td (part ) Tj ET Q q 0 0 0 rg BT 558.00 714.55 Td (upon ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.75 Td (our ) Tj ET Q q 0 0 0 rg BT 50.20 703.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 75.40 703.75 Td (to ) Tj ET Q q 0 0 0 rg BT 84.60 703.75 Td (keep ) Tj ET Q q 0 0 0 rg BT 103.79 703.75 Td (pace ) Tj ET Q q 0 0 0 rg BT 122.47 703.75 Td (with ) Tj ET Q q 0 0 0 rg BT 140.67 703.75 Td (technological ) Tj ET Q q 0 0 0 rg BT 191.35 703.75 Td (developments. ) Tj ET Q q 0 0 0 rg BT 245.79 703.75 Td (If ) Tj ET Q q 0 0 0 rg BT 253.99 703.75 Td (we ) Tj ET Q q 0 0 0 rg BT 266.68 703.75 Td (are ) Tj ET Q q 0 0 0 rg BT 279.87 703.75 Td (not ) Tj ET Q q 0 0 0 rg BT 293.57 703.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 332.76 703.75 Td (in ) Tj ET Q q 0 0 0 rg BT 341.96 703.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 378.15 703.75 Td (new ) Tj ET Q q 0 0 0 rg BT 395.34 703.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 435.53 703.75 Td (or ) Tj ET Q q 0 0 0 rg BT 445.23 703.75 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 483.92 703.75 Td (our ) Tj ET Q q 0 0 0 rg BT 498.12 703.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 528.82 703.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 569.01 703.75 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.95 Td (a ) Tj ET Q q 0 0 0 rg BT 41.74 692.95 Td (timely ) Tj ET Q q 0 0 0 rg BT 66.48 692.95 Td (and ) Tj ET Q q 0 0 0 rg BT 81.22 692.95 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 105.55 692.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 131.77 692.95 Td (manner ) Tj ET Q q 0 0 0 rg BT 160.51 692.95 Td (in ) Tj ET Q q 0 0 0 rg BT 169.25 692.95 Td (response ) Tj ET Q q 0 0 0 rg BT 202.49 692.95 Td (to ) Tj ET Q q 0 0 0 rg BT 211.24 692.95 Td (technological ) Tj ET Q q 0 0 0 rg BT 261.46 692.95 Td (developments ) Tj ET Q q 0 0 0 rg BT 313.19 692.95 Td (or ) Tj ET Q q 0 0 0 rg BT 322.44 692.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 353.17 692.95 Td (in ) Tj ET Q q 0 0 0 rg BT 361.92 692.95 Td (standards ) Tj ET Q q 0 0 0 rg BT 397.65 692.95 Td (in ) Tj ET Q q 0 0 0 rg BT 406.40 692.95 Td (our ) Tj ET Q q 0 0 0 rg BT 420.14 692.95 Td (industry) Tj ET Q q 0 0 0 rg BT 449.06 692.95 Td (, ) Tj ET Q q 0 0 0 rg BT 453.05 692.95 Td (we ) Tj ET Q q 0 0 0 rg BT 465.29 692.95 Td (could ) Tj ET Q q 0 0 0 rg BT 487.03 692.95 Td (lose ) Tj ET Q q 0 0 0 rg BT 503.28 692.95 Td (business ) Tj ET Q q 0 0 0 rg BT 535.52 692.95 Td (and ) Tj ET Q q 0 0 0 rg BT 550.27 692.95 Td (profits. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 682.15 Td (The ) Tj ET Q q 0 0 0 rg BT 53.00 682.15 Td (cost ) Tj ET Q q 0 0 0 rg BT 70.50 682.15 Td (of ) Tj ET Q q 0 0 0 rg BT 81.00 682.15 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 120.50 682.15 Td (our ) Tj ET Q q 0 0 0 rg BT 135.51 682.15 Td (equipment ) Tj ET Q q 0 0 0 rg BT 176.50 682.15 Td (may ) Tj ET Q q 0 0 0 rg BT 195.00 682.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 227.49 682.15 Td (as ) Tj ET Q q 0 0 0 rg BT 237.99 682.15 Td (our ) Tj ET Q q 0 0 0 rg BT 252.99 682.15 Td (fleet ) Tj ET Q q 0 0 0 rg BT 271.99 682.15 Td (ages, ) Tj ET Q q 0 0 0 rg BT 293.23 682.15 Td (which ) Tj ET Q q 0 0 0 rg BT 318.23 682.15 Td (could ) Tj ET Q q 0 0 0 rg BT 341.24 682.15 Td (adversely ) Tj ET Q q 0 0 0 rg BT 378.73 682.15 Td (af) Tj ET Q q 0 0 0 rg BT 385.55 682.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 402.05 682.15 Td (our ) Tj ET Q q 0 0 0 rg BT 417.05 682.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 451.54 682.15 Td (performance. ) Tj ET Q q 0 0 0 rg BT 502.26 682.15 Td ( ) Tj ET Q q 0 0 0 rg BT 505.27 682.15 Td (In ) Tj ET Q q 0 0 0 rg BT 515.77 682.15 Td (addition, ) Tj ET Q q 0 0 0 rg BT 550.52 682.15 Td (current ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 671.35 Td (competitors ) Tj ET Q q 0 0 0 rg BT 80.52 671.35 Td (or ) Tj ET Q q 0 0 0 rg BT 90.05 671.35 Td (new ) Tj ET Q q 0 0 0 rg BT 107.08 671.35 Td (market ) Tj ET Q q 0 0 0 rg BT 134.10 671.35 Td (entrants ) Tj ET Q q 0 0 0 rg BT 164.62 671.35 Td (may ) Tj ET Q q 0 0 0 rg BT 182.15 671.35 Td (develop ) Tj ET Q q 0 0 0 rg BT 212.67 671.35 Td (new ) Tj ET Q q 0 0 0 rg BT 229.70 671.35 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 279.47 671.35 Td (services ) Tj ET Q q 0 0 0 rg BT 310.49 671.35 Td (or ) Tj ET Q q 0 0 0 rg BT 320.02 671.35 Td (standards ) Tj ET Q q 0 0 0 rg BT 356.04 671.35 Td (that ) Tj ET Q q 0 0 0 rg BT 371.57 671.35 Td (could ) Tj ET Q q 0 0 0 rg BT 393.60 671.35 Td (render ) Tj ET Q q 0 0 0 rg BT 418.62 671.35 Td (some ) Tj ET Q q 0 0 0 rg BT 439.65 671.35 Td (of ) Tj ET Q q 0 0 0 rg BT 449.18 671.35 Td (our ) Tj ET Q q 0 0 0 rg BT 463.21 671.35 Td (services ) Tj ET Q q 0 0 0 rg BT 494.22 671.35 Td (or ) Tj ET Q q 0 0 0 rg BT 503.75 671.35 Td (equipment ) Tj ET Q q 0 0 0 rg BT 543.78 671.35 Td (obsolete, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 660.55 Td (which ) Tj ET Q q 0 0 0 rg BT 60.24 660.55 Td (could ) Tj ET Q q 0 0 0 rg BT 82.49 660.55 Td (have ) Tj ET Q q 0 0 0 rg BT 101.73 660.55 Td (a ) Tj ET Q q 0 0 0 rg BT 107.97 660.55 Td (material ) Tj ET Q q 0 0 0 rg BT 139.71 660.55 Td (adverse ) Tj ET Q q 0 0 0 rg BT 169.44 660.55 Td (ef) Tj ET Q q 0 0 0 rg BT 176.27 660.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 192.01 660.55 Td (on ) Tj ET Q q 0 0 0 rg BT 203.26 660.55 Td (our ) Tj ET Q q 0 0 0 rg BT 217.50 660.55 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.75 Td (In ) Tj ET Q q 0 0 0 rg BT 45.59 646.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.43 646.75 Td (we ) Tj ET Q q 0 0 0 rg BT 92.02 646.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 126.60 646.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 155.17 646.75 Td (in ) Tj ET Q q 0 0 0 rg BT 164.27 646.75 Td (Norway ) Tj ET Q q 0 0 0 rg BT 195.35 646.75 Td (and ) Tj ET Q q 0 0 0 rg BT 210.44 646.75 Td (the ) Tj ET Q q 0 0 0 rg BT 223.53 646.75 Td (United ) Tj ET Q q 0 0 0 rg BT 250.12 646.75 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 288.47 646.75 Td (If ) Tj ET Q q 0 0 0 rg BT 296.55 646.75 Td (we ) Tj ET Q q 0 0 0 rg BT 309.14 646.75 Td (are ) Tj ET Q q 0 0 0 rg BT 322.22 646.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 348.31 646.75 Td (to ) Tj ET Q q 0 0 0 rg BT 357.40 646.75 Td (expand ) Tj ET Q q 0 0 0 rg BT 385.49 646.75 Td (our ) Tj ET Q q 0 0 0 rg BT 399.58 646.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 439.16 646.75 Td (and ) Tj ET Q q 0 0 0 rg BT 454.25 646.75 Td (pursue ) Tj ET Q q 0 0 0 rg BT 480.34 646.75 Td (harsh ) Tj ET Q q 0 0 0 rg BT 501.93 646.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 549.51 646.75 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.74 635.95 Td (in ) Tj ET Q q 0 0 0 rg BT 84.99 635.95 Td (other ) Tj ET Q q 0 0 0 rg BT 105.73 635.95 Td (locations ) Tj ET Q q 0 0 0 rg BT 140.48 635.95 Td (in ) Tj ET Q q 0 0 0 rg BT 149.73 635.95 Td (the ) Tj ET Q q 0 0 0 rg BT 162.97 635.95 Td (North ) Tj ET Q q 0 0 0 rg BT 185.72 635.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 216.96 635.95 Td (Region, ) Tj ET Q q 0 0 0 rg BT 247.46 635.95 Td (it ) Tj ET Q q 0 0 0 rg BT 254.71 635.95 Td (could ) Tj ET Q q 0 0 0 rg BT 276.96 635.95 Td (have ) Tj ET Q q 0 0 0 rg BT 296.20 635.95 Td (a ) Tj ET Q q 0 0 0 rg BT 302.44 635.95 Td (material ) Tj ET Q q 0 0 0 rg BT 334.17 635.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 363.91 635.95 Td (ef) Tj ET Q q 0 0 0 rg BT 370.74 635.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 386.47 635.95 Td (on ) Tj ET Q q 0 0 0 rg BT 397.72 635.95 Td (our ) Tj ET Q q 0 0 0 rg BT 411.97 635.95 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 608.35 Td (Public ) Tj ET Q q 0 0 0 rg BT 62.25 608.35 Td (health ) Tj ET Q q 0 0 0 rg BT 88.00 608.35 Td (threats ) Tj ET Q q 0 0 0 rg BT 115.76 608.35 Td (could ) Tj ET Q q 0 0 0 rg BT 138.51 608.35 Td (have ) Tj ET Q q 0 0 0 rg BT 158.26 608.35 Td (an ) Tj ET Q q 0 0 0 rg BT 170.01 608.35 Td (adverse ) Tj ET Q q 0 0 0 rg BT 200.25 608.35 Td (ef) Tj ET Q q 0 0 0 rg BT 207.08 608.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 222.82 608.35 Td (on ) Tj ET Q q 0 0 0 rg BT 234.57 608.35 Td (our ) Tj ET Q q 0 0 0 rg BT 249.83 608.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.08 608.35 Td (and ) Tj ET Q q 0 0 0 rg BT 307.34 608.35 Td (our ) Tj ET Q q 0 0 0 rg BT 322.60 608.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.35 608.35 Td (results.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.55 Td (Public ) Tj ET Q q 0 0 0 rg BT 61.33 594.55 Td (health ) Tj ET Q q 0 0 0 rg BT 85.65 594.55 Td (threats, ) Tj ET Q q 0 0 0 rg BT 114.23 594.55 Td (such ) Tj ET Q q 0 0 0 rg BT 133.05 594.55 Td (as ) Tj ET Q q 0 0 0 rg BT 142.88 594.55 Td (ebola, ) Tj ET Q q 0 0 0 rg BT 166.95 594.55 Td (influenza, ) Tj ET Q q 0 0 0 rg BT 205.02 594.55 Td (severe ) Tj ET Q q 0 0 0 rg BT 230.33 594.55 Td (acute ) Tj ET Q q 0 0 0 rg BT 251.65 594.55 Td (respiratory ) Tj ET Q q 0 0 0 rg BT 292.96 594.55 Td (syndrome ) Tj ET Q q 0 0 0 rg BT 330.79 594.55 Td (\(SARS\), ) Tj ET Q q 0 0 0 rg BT 363.88 594.55 Td (the ) Tj ET Q q 0 0 0 rg BT 377.21 594.55 Td (Zika ) Tj ET Q q 0 0 0 rg BT 395.86 594.55 Td (V) Tj ET Q q 0 0 0 rg BT 401.82 594.55 Td (irus, ) Tj ET Q q 0 0 0 rg BT 419.90 594.55 Td (and ) Tj ET Q q 0 0 0 rg BT 435.23 594.55 Td (other ) Tj ET Q q 0 0 0 rg BT 456.05 594.55 Td (highly ) Tj ET Q q 0 0 0 rg BT 481.38 594.55 Td (communicable ) Tj ET Q q 0 0 0 rg BT 536.70 594.55 Td (diseases ) Tj ET Q q 0 0 0 rg BT 568.52 594.55 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.75 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 65.97 583.75 Td (outbreaks ) Tj ET Q q 0 0 0 rg BT 103.19 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.91 583.75 Td (which ) Tj ET Q q 0 0 0 rg BT 137.13 583.75 Td (have ) Tj ET Q q 0 0 0 rg BT 156.35 583.75 Td (from ) Tj ET Q q 0 0 0 rg BT 176.07 583.75 Td (time ) Tj ET Q q 0 0 0 rg BT 194.29 583.75 Td (to ) Tj ET Q q 0 0 0 rg BT 203.52 583.75 Td (time ) Tj ET Q q 0 0 0 rg BT 221.74 583.75 Td (occurred ) Tj ET Q q 0 0 0 rg BT 255.44 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 264.67 583.75 Td (various ) Tj ET Q q 0 0 0 rg BT 293.39 583.75 Td (parts ) Tj ET Q q 0 0 0 rg BT 313.11 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 322.83 583.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.06 583.75 Td (world ) Tj ET Q q 0 0 0 rg BT 359.28 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 368.51 583.75 Td (which ) Tj ET Q q 0 0 0 rg BT 392.73 583.75 Td (we ) Tj ET Q q 0 0 0 rg BT 405.45 583.75 Td (operate, ) Tj ET Q q 0 0 0 rg BT 436.40 583.75 Td (could ) Tj ET Q q 0 0 0 rg BT 458.63 583.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 495.33 583.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 522.05 583.75 Td (our ) Tj ET Q q 0 0 0 rg BT 536.27 583.75 Td (operations, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.95 Td (and ) Tj ET Q q 0 0 0 rg BT 51.20 572.95 Td (the ) Tj ET Q q 0 0 0 rg BT 64.40 572.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 104.09 572.95 Td (of ) Tj ET Q q 0 0 0 rg BT 113.79 572.95 Td (our ) Tj ET Q q 0 0 0 rg BT 127.99 572.95 Td (customers. ) Tj ET Q q 0 0 0 rg BT 168.93 572.95 Td (In ) Tj ET Q q 0 0 0 rg BT 178.63 572.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 212.58 572.95 Td (public ) Tj ET Q q 0 0 0 rg BT 237.28 572.95 Td (health ) Tj ET Q q 0 0 0 rg BT 261.47 572.95 Td (threats ) Tj ET Q q 0 0 0 rg BT 287.66 572.95 Td (in ) Tj ET Q q 0 0 0 rg BT 296.87 572.95 Td (any ) Tj ET Q q 0 0 0 rg BT 312.06 572.95 Td (area, ) Tj ET Q q 0 0 0 rg BT 331.50 572.95 Td (including ) Tj ET Q q 0 0 0 rg BT 367.70 572.95 Td (areas ) Tj ET Q q 0 0 0 rg BT 388.38 572.95 Td (where ) Tj ET Q q 0 0 0 rg BT 412.57 572.95 Td (we ) Tj ET Q q 0 0 0 rg BT 425.27 572.95 Td (do ) Tj ET Q q 0 0 0 rg BT 436.47 572.95 Td (not ) Tj ET Q q 0 0 0 rg BT 450.17 572.95 Td (operate, ) Tj ET Q q 0 0 0 rg BT 481.11 572.95 Td (could ) Tj ET Q q 0 0 0 rg BT 503.31 572.95 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 530.51 572.95 Td (international ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.15 Td (transportation. ) Tj ET Q q 0 0 0 rg BT 90.32 562.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 106.39 562.15 Td (crews ) Tj ET Q q 0 0 0 rg BT 129.46 562.15 Td (generally ) Tj ET Q q 0 0 0 rg BT 165.02 562.15 Td (work ) Tj ET Q q 0 0 0 rg BT 185.59 562.15 Td (on ) Tj ET Q q 0 0 0 rg BT 196.67 562.15 Td (a ) Tj ET Q q 0 0 0 rg BT 202.75 562.15 Td (rotation ) Tj ET Q q 0 0 0 rg BT 232.82 562.15 Td (basis, ) Tj ET Q q 0 0 0 rg BT 255.15 562.15 Td (and ) Tj ET Q q 0 0 0 rg BT 270.22 562.15 Td (as ) Tj ET Q q 0 0 0 rg BT 279.80 562.15 Td (we ) Tj ET Q q 0 0 0 rg BT 292.37 562.15 Td (expand ) Tj ET Q q 0 0 0 rg BT 320.44 562.15 Td (outside ) Tj ET Q q 0 0 0 rg BT 348.51 562.15 Td (operations ) Tj ET Q q 0 0 0 rg BT 388.08 562.15 Td (in ) Tj ET Q q 0 0 0 rg BT 397.16 562.15 Td (the ) Tj ET Q q 0 0 0 rg BT 410.23 562.15 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 429.81 562.15 Td (and ) Tj ET Q q 0 0 0 rg BT 444.88 562.15 Td (Norway) Tj ET Q q 0 0 0 rg BT 473.29 562.15 Td (, ) Tj ET Q q 0 0 0 rg BT 477.62 562.15 Td ( ) Tj ET Q q 0 0 0 rg BT 479.70 562.15 Td (a ) Tj ET Q q 0 0 0 rg BT 485.77 562.15 Td (substantial ) Tj ET Q q 0 0 0 rg BT 526.35 562.15 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.42 562.15 Td (of ) Tj ET Q q 0 0 0 rg BT 564.00 562.15 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.35 Td (crews ) Tj ET Q q 0 0 0 rg BT 58.91 551.35 Td (may ) Tj ET Q q 0 0 0 rg BT 76.32 551.35 Td (begin ) Tj ET Q q 0 0 0 rg BT 98.24 551.35 Td (to ) Tj ET Q q 0 0 0 rg BT 107.16 551.35 Td (rely ) Tj ET Q q 0 0 0 rg BT 123.07 551.35 Td (on ) Tj ET Q q 0 0 0 rg BT 133.99 551.35 Td (international ) Tj ET Q q 0 0 0 rg BT 181.39 551.35 Td (air ) Tj ET Q q 0 0 0 rg BT 192.80 551.35 Td (transport ) Tj ET Q q 0 0 0 rg BT 226.71 551.35 Td (for ) Tj ET Q q 0 0 0 rg BT 239.13 551.35 Td (rotation. ) Tj ET Q q 0 0 0 rg BT 270.87 551.35 Td (Any ) Tj ET Q q 0 0 0 rg BT 288.29 551.35 Td (such ) Tj ET Q q 0 0 0 rg BT 306.70 551.35 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 348.62 551.35 Td (could ) Tj ET Q q 0 0 0 rg BT 370.54 551.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 396.95 551.35 Td (the ) Tj ET Q q 0 0 0 rg BT 409.86 551.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 426.28 551.35 Td (of ) Tj ET Q q 0 0 0 rg BT 435.70 551.35 Td (rotating ) Tj ET Q q 0 0 0 rg BT 465.61 551.35 Td (our ) Tj ET Q q 0 0 0 rg BT 479.53 551.35 Td (crews, ) Tj ET Q q 0 0 0 rg BT 504.68 551.35 Td (and ) Tj ET Q q 0 0 0 rg BT 519.60 551.35 Td (possibly ) Tj ET Q q 0 0 0 rg BT 551.52 551.35 Td (impact ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.55 Td (our ) Tj ET Q q 0 0 0 rg BT 50.56 540.55 Td (ability ) Tj ET Q q 0 0 0 rg BT 76.12 540.55 Td (to ) Tj ET Q q 0 0 0 rg BT 85.68 540.55 Td (maintain ) Tj ET Q q 0 0 0 rg BT 119.73 540.55 Td (a ) Tj ET Q q 0 0 0 rg BT 126.29 540.55 Td (full ) Tj ET Q q 0 0 0 rg BT 141.35 540.55 Td (crew ) Tj ET Q q 0 0 0 rg BT 161.40 540.55 Td (on ) Tj ET Q q 0 0 0 rg BT 172.96 540.55 Td (all ) Tj ET Q q 0 0 0 rg BT 184.52 540.55 Td (rigs ) Tj ET Q q 0 0 0 rg BT 200.58 540.55 Td (at ) Tj ET Q q 0 0 0 rg BT 209.64 540.55 Td (a ) Tj ET Q q 0 0 0 rg BT 216.19 540.55 Td (given ) Tj ET Q q 0 0 0 rg BT 238.75 540.55 Td (time. ) Tj ET Q q 0 0 0 rg BT 259.56 540.55 Td ( ) Tj ET Q q 0 0 0 rg BT 261.56 540.55 Td (Any ) Tj ET Q q 0 0 0 rg BT 279.62 540.55 Td (of ) Tj ET Q q 0 0 0 rg BT 289.68 540.55 Td (these ) Tj ET Q q 0 0 0 rg BT 310.73 540.55 Td (public ) Tj ET Q q 0 0 0 rg BT 335.79 540.55 Td (health ) Tj ET Q q 0 0 0 rg BT 360.34 540.55 Td (threats ) Tj ET Q q 0 0 0 rg BT 386.89 540.55 Td (and ) Tj ET Q q 0 0 0 rg BT 402.45 540.55 Td (related ) Tj ET Q q 0 0 0 rg BT 429.49 540.55 Td (consequences ) Tj ET Q q 0 0 0 rg BT 481.53 540.55 Td (could ) Tj ET Q q 0 0 0 rg BT 504.09 540.55 Td (adversely ) Tj ET Q q 0 0 0 rg BT 541.14 540.55 Td (af) Tj ET Q q 0 0 0 rg BT 547.96 540.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 564.01 540.55 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.73 529.75 Td (results.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 502.15 Td (Risks ) Tj ET Q q 0 0 0 rg BT 59.26 502.15 Td (Relating ) Tj ET Q q 0 0 0 rg BT 94.01 502.15 Td (to ) Tj ET Q q 0 0 0 rg BT 103.75 502.15 Td (Our) Tj ET Q q 0 0 0 rg BT 119.59 502.15 Td ( ) Tj ET Q q 0 0 0 rg BT 121.84 502.15 Td (Common ) Tj ET Q q 0 0 0 rg BT 159.59 502.15 Td (Shar) Tj ET Q q 0 0 0 rg BT 177.93 502.15 Td (es) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 474.55 Td (The ) Tj ET Q q 0 0 0 rg BT 52.45 474.55 Td (market ) Tj ET Q q 0 0 0 rg BT 80.40 474.55 Td (price ) Tj ET Q q 0 0 0 rg BT 100.84 474.55 Td (of ) Tj ET Q q 0 0 0 rg BT 110.29 474.55 Td (our ) Tj ET Q q 0 0 0 rg BT 125.24 474.55 Td (common ) Tj ET Q q 0 0 0 rg BT 159.19 474.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 185.15 474.55 Td (has ) Tj ET Q q 0 0 0 rg BT 200.11 474.55 Td (recently ) Tj ET Q q 0 0 0 rg BT 231.55 474.55 Td (declined ) Tj ET Q q 0 0 0 rg BT 264.49 474.55 Td (significantly) Tj ET Q q 0 0 0 rg BT 310.16 474.55 Td (. ) Tj ET Q q 0 0 0 rg BT 316.61 474.55 Td (If ) Tj ET Q q 0 0 0 rg BT 325.06 474.55 Td (the ) Tj ET Q q 0 0 0 rg BT 338.51 474.55 Td (average ) Tj ET Q q 0 0 0 rg BT 369.44 474.55 Td (closing ) Tj ET Q q 0 0 0 rg BT 397.90 474.55 Td (price ) Tj ET Q q 0 0 0 rg BT 418.34 474.55 Td (of ) Tj ET Q q 0 0 0 rg BT 427.79 474.55 Td (our ) Tj ET Q q 0 0 0 rg BT 442.74 474.55 Td (common ) Tj ET Q q 0 0 0 rg BT 476.70 474.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 502.65 474.55 Td (declines ) Tj ET Q q 0 0 0 rg BT 534.60 474.55 Td (to ) Tj ET Q q 0 0 0 rg BT 543.55 474.55 Td (less ) Tj ET Q q 0 0 0 rg BT 559.00 474.55 Td (than ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 463.75 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 58.50 463.75 Td (over ) Tj ET Q q 0 0 0 rg BT 76.74 463.75 Td (30 ) Tj ET Q q 0 0 0 rg BT 87.99 463.75 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 133.23 463.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 162.49 463.75 Td (days, ) Tj ET Q q 0 0 0 rg BT 183.48 463.75 Td (our ) Tj ET Q q 0 0 0 rg BT 198.74 463.75 Td (common ) Tj ET Q q 0 0 0 rg BT 232.99 463.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 259.25 463.75 Td (could ) Tj ET Q q 0 0 0 rg BT 282.00 463.75 Td (be ) Tj ET Q q 0 0 0 rg BT 292.75 463.75 Td (delisted ) Tj ET Q q 0 0 0 rg BT 322.99 463.75 Td (from ) Tj ET Q q 0 0 0 rg BT 343.24 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.99 463.75 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 382.25 463.75 Td (or ) Tj ET Q q 0 0 0 rg BT 392.50 463.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 421.76 463.75 Td (could ) Tj ET Q q 0 0 0 rg BT 444.51 463.75 Td (be ) Tj ET Q q 0 0 0 rg BT 455.25 463.75 Td (suspended.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 449.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.08 449.95 Td (common ) Tj ET Q q 0 0 0 rg BT 85.65 449.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 110.22 449.95 Td (are ) Tj ET Q q 0 0 0 rg BT 123.29 449.95 Td (currently ) Tj ET Q q 0 0 0 rg BT 157.85 449.95 Td (listed ) Tj ET Q q 0 0 0 rg BT 179.43 449.95 Td (on ) Tj ET Q q 0 0 0 rg BT 190.51 449.95 Td (the ) Tj ET Q q 0 0 0 rg BT 203.58 449.95 Td (NYSE. ) Tj ET Q q 0 0 0 rg BT 231.42 449.95 Td (In ) Tj ET Q q 0 0 0 rg BT 240.99 449.95 Td (order ) Tj ET Q q 0 0 0 rg BT 262.06 449.95 Td (for ) Tj ET Q q 0 0 0 rg BT 274.63 449.95 Td (our ) Tj ET Q q 0 0 0 rg BT 288.71 449.95 Td (common ) Tj ET Q q 0 0 0 rg BT 322.29 449.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 346.86 449.95 Td (to ) Tj ET Q q 0 0 0 rg BT 355.94 449.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 389.01 449.95 Td (to ) Tj ET Q q 0 0 0 rg BT 398.09 449.95 Td (be ) Tj ET Q q 0 0 0 rg BT 408.66 449.95 Td (listed ) Tj ET Q q 0 0 0 rg BT 430.24 449.95 Td (on ) Tj ET Q q 0 0 0 rg BT 441.32 449.95 Td (the ) Tj ET Q q 0 0 0 rg BT 454.39 449.95 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 482.23 449.95 Td (we ) Tj ET Q q 0 0 0 rg BT 494.80 449.95 Td (are ) Tj ET Q q 0 0 0 rg BT 507.87 449.95 Td (required ) Tj ET Q q 0 0 0 rg BT 539.93 449.95 Td (to ) Tj ET Q q 0 0 0 rg BT 549.01 449.95 Td (comply ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.15 Td (with ) Tj ET Q q 0 0 0 rg BT 53.79 439.15 Td (various ) Tj ET Q q 0 0 0 rg BT 82.07 439.15 Td (listing ) Tj ET Q q 0 0 0 rg BT 106.37 439.15 Td (standards, ) Tj ET Q q 0 0 0 rg BT 144.40 439.15 Td (including ) Tj ET Q q 0 0 0 rg BT 180.19 439.15 Td (the ) Tj ET Q q 0 0 0 rg BT 192.97 439.15 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 240.23 439.15 Td (of ) Tj ET Q q 0 0 0 rg BT 249.52 439.15 Td (a ) Tj ET Q q 0 0 0 rg BT 255.30 439.15 Td (minimum ) Tj ET Q q 0 0 0 rg BT 292.10 439.15 Td (average ) Tj ET Q q 0 0 0 rg BT 321.86 439.15 Td (closing ) Tj ET Q q 0 0 0 rg BT 349.65 439.15 Td (price ) Tj ET Q q 0 0 0 rg BT 369.43 439.15 Td (of ) Tj ET Q q 0 0 0 rg BT 378.71 439.15 Td (at ) Tj ET Q q 0 0 0 rg BT 387.00 439.15 Td (least ) Tj ET Q q 0 0 0 rg BT 405.28 439.15 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 427.32 439.15 Td (per ) Tj ET Q q 0 0 0 rg BT 440.60 439.15 Td (share ) Tj ET Q q 0 0 0 rg BT 461.38 439.15 Td (during ) Tj ET Q q 0 0 0 rg BT 486.67 439.15 Td (a ) Tj ET Q q 0 0 0 rg BT 492.45 439.15 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 536.72 439.15 Td (30 ) Tj ET Q q 0 0 0 rg BT 547.51 439.15 Td (trading-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.35 Td (day ) Tj ET Q q 0 0 0 rg BT 51.23 428.35 Td (period. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.71 428.35 Td (For ) Tj ET Q q 0 0 0 rg BT 93.44 428.35 Td (example, ) Tj ET Q q 0 0 0 rg BT 128.41 428.35 Td (on ) Tj ET Q q 0 0 0 rg BT 139.15 428.35 Td (August ) Tj ET Q q 0 0 0 rg BT 167.39 428.35 Td (20, ) Tj ET Q q 0 0 0 rg BT 180.88 428.35 Td (2015, ) Tj ET Q q 0 0 0 rg BT 203.36 428.35 Td (we ) Tj ET Q q 0 0 0 rg BT 216.09 428.35 Td (received ) Tj ET Q q 0 0 0 rg BT 248.80 428.35 Td (notice ) Tj ET Q q 0 0 0 rg BT 273.03 428.35 Td (from ) Tj ET Q q 0 0 0 rg BT 292.76 428.35 Td (the ) Tj ET Q q 0 0 0 rg BT 305.99 428.35 Td (New ) Tj ET Q q 0 0 0 rg BT 324.88 428.35 Td (Y) Tj ET Q q 0 0 0 rg BT 330.48 428.35 Td (ork ) Tj ET Q q 0 0 0 rg BT 344.71 428.35 Td (Stock ) Tj ET Q q 0 0 0 rg BT 367.45 428.35 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 407.42 428.35 Td (or ) Tj ET Q q 0 0 0 rg BT 417.15 428.35 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 445.13 428.35 Td (that ) Tj ET Q q 0 0 0 rg BT 460.86 428.35 Td (we ) Tj ET Q q 0 0 0 rg BT 473.59 428.35 Td (were ) Tj ET Q q 0 0 0 rg BT 493.31 428.35 Td (not ) Tj ET Q q 0 0 0 rg BT 507.05 428.35 Td (in ) Tj ET Q q 0 0 0 rg BT 516.28 428.35 Td (compliance ) Tj ET Q q 0 0 0 rg BT 560.00 428.35 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.55 Td (the ) Tj ET Q q 0 0 0 rg BT 49.15 417.55 Td (NYSE) Tj ET Q q 0 0 0 rg BT 75.15 417.55 Td (s ) Tj ET Q q 0 0 0 rg BT 80.80 417.55 Td (continued ) Tj ET Q q 0 0 0 rg BT 118.44 417.55 Td (listing ) Tj ET Q q 0 0 0 rg BT 143.10 417.55 Td (standards ) Tj ET Q q 0 0 0 rg BT 179.24 417.55 Td (because ) Tj ET Q q 0 0 0 rg BT 209.88 417.55 Td (the ) Tj ET Q q 0 0 0 rg BT 223.02 417.55 Td (average ) Tj ET Q q 0 0 0 rg BT 253.15 417.55 Td (closing ) Tj ET Q q 0 0 0 rg BT 281.30 417.55 Td (share ) Tj ET Q q 0 0 0 rg BT 302.44 417.55 Td (price ) Tj ET Q q 0 0 0 rg BT 322.58 417.55 Td (of ) Tj ET Q q 0 0 0 rg BT 332.23 417.55 Td (our ) Tj ET Q q 0 0 0 rg BT 346.37 417.55 Td (common ) Tj ET Q q 0 0 0 rg BT 380.02 417.55 Td (stock ) Tj ET Q q 0 0 0 rg BT 401.17 417.55 Td (for ) Tj ET Q q 0 0 0 rg BT 413.81 417.55 Td (the ) Tj ET Q q 0 0 0 rg BT 426.96 417.55 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 471.59 417.55 Td (30 ) Tj ET Q q 0 0 0 rg BT 482.75 417.55 Td (trading-day ) Tj ET Q q 0 0 0 rg BT 526.38 417.55 Td (period ) Tj ET Q q 0 0 0 rg BT 551.53 417.55 Td (ending ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.75 Td (on ) Tj ET Q q 0 0 0 rg BT 46.85 406.75 Td (August ) Tj ET Q q 0 0 0 rg BT 75.24 406.75 Td (17, ) Tj ET Q q 0 0 0 rg BT 88.87 406.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 109.25 406.75 Td (had ) Tj ET Q q 0 0 0 rg BT 124.62 406.75 Td (fallen ) Tj ET Q q 0 0 0 rg BT 147.49 406.75 Td (below ) Tj ET Q q 0 0 0 rg BT 171.86 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 185.24 406.75 Td (requirement ) Tj ET Q q 0 0 0 rg BT 231.10 406.75 Td (to ) Tj ET Q q 0 0 0 rg BT 240.48 406.75 Td (be ) Tj ET Q q 0 0 0 rg BT 251.35 406.75 Td (at ) Tj ET Q q 0 0 0 rg BT 260.23 406.75 Td (least ) Tj ET Q q 0 0 0 rg BT 279.10 406.75 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 301.73 406.75 Td (per ) Tj ET Q q 0 0 0 rg BT 315.60 406.75 Td (share. ) Tj ET Q q 0 0 0 rg BT 339.05 406.75 Td (This ) Tj ET Q q 0 0 0 rg BT 357.43 406.75 Td (notice ) Tj ET Q q 0 0 0 rg BT 381.80 406.75 Td (did ) Tj ET Q q 0 0 0 rg BT 395.68 406.75 Td (not ) Tj ET Q q 0 0 0 rg BT 409.56 406.75 Td (have ) Tj ET Q q 0 0 0 rg BT 428.93 406.75 Td (an ) Tj ET Q q 0 0 0 rg BT 439.80 406.75 Td (immediate ) Tj ET Q q 0 0 0 rg BT 480.17 406.75 Td (ef) Tj ET Q q 0 0 0 rg BT 487.00 406.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 502.86 406.75 Td (on ) Tj ET Q q 0 0 0 rg BT 514.24 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 527.62 406.75 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 553.50 406.75 Td (listing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.95 Td (of ) Tj ET Q q 0 0 0 rg BT 46.35 395.95 Td (our ) Tj ET Q q 0 0 0 rg BT 61.20 395.95 Td (common ) Tj ET Q q 0 0 0 rg BT 95.55 395.95 Td (shares. ) Tj ET Q q 0 0 0 rg BT 123.15 395.95 Td (Following ) Tj ET Q q 0 0 0 rg BT 163.01 395.95 Td (our ) Tj ET Q q 0 0 0 rg BT 177.86 395.95 Td (1 ) Tj ET Q q 0 0 0 rg BT 185.22 395.95 Td (for ) Tj ET Q q 0 0 0 rg BT 198.56 395.95 Td (10 ) Tj ET Q q 0 0 0 rg BT 210.42 395.95 Td (reverse ) Tj ET Q q 0 0 0 rg BT 239.25 395.95 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.11 395.95 Td (split ) Tj ET Q q 0 0 0 rg BT 279.46 395.95 Td (and ) Tj ET Q q 0 0 0 rg BT 295.31 395.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.15 395.95 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 361.25 395.95 Td (which ) Tj ET Q q 0 0 0 rg BT 386.09 395.95 Td (was ) Tj ET Q q 0 0 0 rg BT 402.95 395.95 Td (completed ) Tj ET Q q 0 0 0 rg BT 443.29 395.95 Td (on ) Tj ET Q q 0 0 0 rg BT 455.14 395.95 Td (December ) Tj ET Q q 0 0 0 rg BT 494.97 395.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 509.07 395.95 Td (2015, ) Tj ET Q q 0 0 0 rg BT 532.18 395.95 Td (we ) Tj ET Q q 0 0 0 rg BT 545.53 395.95 Td (received ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.15 Td (notification ) Tj ET Q q 0 0 0 rg BT 79.74 385.15 Td (from ) Tj ET Q q 0 0 0 rg BT 99.48 385.15 Td (the ) Tj ET Q q 0 0 0 rg BT 112.73 385.15 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 138.48 385.15 Td (on ) Tj ET Q q 0 0 0 rg BT 149.73 385.15 Td (February ) Tj ET Q q 0 0 0 rg BT 184.47 385.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 193.47 385.15 Td (2016, ) Tj ET Q q 0 0 0 rg BT 215.97 385.15 Td (that ) Tj ET Q q 0 0 0 rg BT 231.71 385.15 Td (we ) Tj ET Q q 0 0 0 rg BT 244.46 385.15 Td (are ) Tj ET Q q 0 0 0 rg BT 257.70 385.15 Td (now ) Tj ET Q q 0 0 0 rg BT 275.44 385.15 Td (in ) Tj ET Q q 0 0 0 rg BT 284.70 385.15 Td (compliance ) Tj ET Q q 0 0 0 rg BT 328.43 385.15 Td (with ) Tj ET Q q 0 0 0 rg BT 346.68 385.15 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 385.15 Td (continued ) Tj ET Q q 0 0 0 rg BT 397.66 385.15 Td (listing ) Tj ET Q q 0 0 0 rg BT 422.42 385.15 Td (criterion.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 371.35 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 371.35 Td ( ) Tj ET Q q 0 0 0 rg BT 44.46 371.35 Td (renewed ) Tj ET Q q 0 0 0 rg BT 77.40 371.35 Td (or ) Tj ET Q q 0 0 0 rg BT 87.35 371.35 Td (continued ) Tj ET Q q 0 0 0 rg BT 125.30 371.35 Td (decline ) Tj ET Q q 0 0 0 rg BT 153.74 371.35 Td (in ) Tj ET Q q 0 0 0 rg BT 163.20 371.35 Td (the ) Tj ET Q q 0 0 0 rg BT 176.65 371.35 Td (closing ) Tj ET Q q 0 0 0 rg BT 205.11 371.35 Td (price ) Tj ET Q q 0 0 0 rg BT 225.55 371.35 Td (of ) Tj ET Q q 0 0 0 rg BT 235.51 371.35 Td (our ) Tj ET Q q 0 0 0 rg BT 249.96 371.35 Td (common ) Tj ET Q q 0 0 0 rg BT 283.92 371.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 308.86 371.35 Td (on ) Tj ET Q q 0 0 0 rg BT 320.32 371.35 Td (the ) Tj ET Q q 0 0 0 rg BT 333.77 371.35 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 359.73 371.35 Td (could ) Tj ET Q q 0 0 0 rg BT 382.19 371.35 Td (result ) Tj ET Q q 0 0 0 rg BT 404.64 371.35 Td (in ) Tj ET Q q 0 0 0 rg BT 414.10 371.35 Td (a ) Tj ET Q q 0 0 0 rg BT 420.55 371.35 Td (breach ) Tj ET Q q 0 0 0 rg BT 446.99 371.35 Td (of ) Tj ET Q q 0 0 0 rg BT 456.94 371.35 Td (these ) Tj ET Q q 0 0 0 rg BT 477.89 371.35 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 529.04 371.35 Td (Although ) Tj ET Q q 0 0 0 rg BT 565.50 371.35 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 360.55 Td (would ) Tj ET Q q 0 0 0 rg BT 60.84 360.55 Td (have ) Tj ET Q q 0 0 0 rg BT 80.17 360.55 Td (an ) Tj ET Q q 0 0 0 rg BT 91.00 360.55 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 135.34 360.55 Td (to ) Tj ET Q q 0 0 0 rg BT 144.68 360.55 Td (take ) Tj ET Q q 0 0 0 rg BT 162.01 360.55 Td (action ) Tj ET Q q 0 0 0 rg BT 186.35 360.55 Td (to ) Tj ET Q q 0 0 0 rg BT 195.69 360.55 Td (cure ) Tj ET Q q 0 0 0 rg BT 213.51 360.55 Td (such ) Tj ET Q q 0 0 0 rg BT 232.35 360.55 Td (a ) Tj ET Q q 0 0 0 rg BT 238.69 360.55 Td (breach, ) Tj ET Q q 0 0 0 rg BT 267.26 360.55 Td (if ) Tj ET Q q 0 0 0 rg BT 275.09 360.55 Td (we ) Tj ET Q q 0 0 0 rg BT 287.93 360.55 Td (did ) Tj ET Q q 0 0 0 rg BT 301.77 360.55 Td (not ) Tj ET Q q 0 0 0 rg BT 315.61 360.55 Td (succeed, ) Tj ET Q q 0 0 0 rg BT 348.68 360.55 Td (the ) Tj ET Q q 0 0 0 rg BT 362.02 360.55 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 387.86 360.55 Td (could ) Tj ET Q q 0 0 0 rg BT 410.19 360.55 Td (commence ) Tj ET Q q 0 0 0 rg BT 451.51 360.55 Td (suspension ) Tj ET Q q 0 0 0 rg BT 493.36 360.55 Td (or ) Tj ET Q q 0 0 0 rg BT 503.19 360.55 Td (delisting ) Tj ET Q q 0 0 0 rg BT 536.53 360.55 Td (procedures ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 349.75 Td (in ) Tj ET Q q 0 0 0 rg BT 45.44 349.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 73.36 349.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.30 349.75 Td (our ) Tj ET Q q 0 0 0 rg BT 97.73 349.75 Td (common ) Tj ET Q q 0 0 0 rg BT 131.67 349.75 Td (shares. ) Tj ET Q q 0 0 0 rg BT 158.67 349.75 Td (The ) Tj ET Q q 0 0 0 rg BT 175.10 349.75 Td (commencement ) Tj ET Q q 0 0 0 rg BT 234.52 349.75 Td (of ) Tj ET Q q 0 0 0 rg BT 244.45 349.75 Td (suspension ) Tj ET Q q 0 0 0 rg BT 286.40 349.75 Td (or ) Tj ET Q q 0 0 0 rg BT 296.33 349.75 Td (delisting ) Tj ET Q q 0 0 0 rg BT 329.77 349.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 371.69 349.75 Td (by ) Tj ET Q q 0 0 0 rg BT 383.13 349.75 Td (an ) Tj ET Q q 0 0 0 rg BT 394.06 349.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 430.48 349.75 Td (remains, ) Tj ET Q q 0 0 0 rg BT 463.66 349.75 Td (at ) Tj ET Q q 0 0 0 rg BT 472.59 349.75 Td (all ) Tj ET Q q 0 0 0 rg BT 484.03 349.75 Td (times, ) Tj ET Q q 0 0 0 rg BT 508.21 349.75 Td (at ) Tj ET Q q 0 0 0 rg BT 517.15 349.75 Td (the ) Tj ET Q q 0 0 0 rg BT 530.58 349.75 Td (discretion ) Tj ET Q q 0 0 0 rg BT 568.51 349.75 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 338.95 Td (such ) Tj ET Q q 0 0 0 rg BT 54.61 338.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.69 338.95 Td (and ) Tj ET Q q 0 0 0 rg BT 105.80 338.95 Td (would ) Tj ET Q q 0 0 0 rg BT 130.41 338.95 Td (be ) Tj ET Q q 0 0 0 rg BT 141.01 338.95 Td (publicly ) Tj ET Q q 0 0 0 rg BT 172.62 338.95 Td (announced ) Tj ET Q q 0 0 0 rg BT 213.71 338.95 Td (by ) Tj ET Q q 0 0 0 rg BT 224.82 338.95 Td (the ) Tj ET Q q 0 0 0 rg BT 237.92 338.95 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 276.26 338.95 Td (If ) Tj ET Q q 0 0 0 rg BT 284.37 338.95 Td (a ) Tj ET Q q 0 0 0 rg BT 290.47 338.95 Td (suspension ) Tj ET Q q 0 0 0 rg BT 332.08 338.95 Td (or ) Tj ET Q q 0 0 0 rg BT 341.69 338.95 Td (delisting ) Tj ET Q q 0 0 0 rg BT 374.80 338.95 Td (were ) Tj ET Q q 0 0 0 rg BT 394.39 338.95 Td (to ) Tj ET Q q 0 0 0 rg BT 403.50 338.95 Td (occur) Tj ET Q q 0 0 0 rg BT 423.13 338.95 Td (, ) Tj ET Q q 0 0 0 rg BT 427.49 338.95 Td (there ) Tj ET Q q 0 0 0 rg BT 447.58 338.95 Td (would ) Tj ET Q q 0 0 0 rg BT 472.19 338.95 Td (be ) Tj ET Q q 0 0 0 rg BT 482.80 338.95 Td (significantly ) Tj ET Q q 0 0 0 rg BT 529.90 338.95 Td (less ) Tj ET Q q 0 0 0 rg BT 545.51 338.95 Td (liquidity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 328.15 Td (in ) Tj ET Q q 0 0 0 rg BT 45.55 328.15 Td (the ) Tj ET Q q 0 0 0 rg BT 59.10 328.15 Td (suspended ) Tj ET Q q 0 0 0 rg BT 99.15 328.15 Td (or ) Tj ET Q q 0 0 0 rg BT 109.20 328.15 Td (delisted ) Tj ET Q q 0 0 0 rg BT 139.74 328.15 Td (securities. ) Tj ET Q q 0 0 0 rg BT 178.53 328.15 Td (In ) Tj ET Q q 0 0 0 rg BT 188.58 328.15 Td (addition, ) Tj ET Q q 0 0 0 rg BT 222.88 328.15 Td (our ) Tj ET Q q 0 0 0 rg BT 237.43 328.15 Td (ability ) Tj ET Q q 0 0 0 rg BT 262.98 328.15 Td (to ) Tj ET Q q 0 0 0 rg BT 272.53 328.15 Td (raise ) Tj ET Q q 0 0 0 rg BT 292.07 328.15 Td (additional ) Tj ET Q q 0 0 0 rg BT 330.61 328.15 Td (necessary ) Tj ET Q q 0 0 0 rg BT 368.15 328.15 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.68 328.15 Td (through ) Tj ET Q q 0 0 0 rg BT 425.23 328.15 Td (equity ) Tj ET Q q 0 0 0 rg BT 450.28 328.15 Td (or ) Tj ET Q q 0 0 0 rg BT 460.33 328.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 478.38 328.15 Td (financing ) Tj ET Q q 0 0 0 rg BT 514.92 328.15 Td (would ) Tj ET Q q 0 0 0 rg BT 539.97 328.15 Td (be ) Tj ET Q q 0 0 0 rg BT 551.02 328.15 Td (greatly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 317.35 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 72.02 317.35 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 121.04 317.35 Td (with ) Tj ET Q q 0 0 0 rg BT 138.82 317.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 166.09 317.35 Td (to ) Tj ET Q q 0 0 0 rg BT 174.88 317.35 Td (any ) Tj ET Q q 0 0 0 rg BT 189.65 317.35 Td (suspended ) Tj ET Q q 0 0 0 rg BT 228.93 317.35 Td (or ) Tj ET Q q 0 0 0 rg BT 238.21 317.35 Td (delisted ) Tj ET Q q 0 0 0 rg BT 267.99 317.35 Td (common ) Tj ET Q q 0 0 0 rg BT 301.27 317.35 Td (shares, ) Tj ET Q q 0 0 0 rg BT 327.79 317.35 Td (we ) Tj ET Q q 0 0 0 rg BT 340.07 317.35 Td (would ) Tj ET Q q 0 0 0 rg BT 364.35 317.35 Td (expect ) Tj ET Q q 0 0 0 rg BT 389.62 317.35 Td (decreases ) Tj ET Q q 0 0 0 rg BT 425.88 317.35 Td (in ) Tj ET Q q 0 0 0 rg BT 434.66 317.35 Td (institutional ) Tj ET Q q 0 0 0 rg BT 479.44 317.35 Td (and ) Tj ET Q q 0 0 0 rg BT 494.22 317.35 Td (other ) Tj ET Q q 0 0 0 rg BT 514.50 317.35 Td (investor ) Tj ET Q q 0 0 0 rg BT 545.28 317.35 Td (demand, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 306.55 Td (analyst ) Tj ET Q q 0 0 0 rg BT 63.82 306.55 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 100.87 306.55 Td (market ) Tj ET Q q 0 0 0 rg BT 128.19 306.55 Td (making ) Tj ET Q q 0 0 0 rg BT 157.51 306.55 Td (activity ) Tj ET Q q 0 0 0 rg BT 186.83 306.55 Td (and ) Tj ET Q q 0 0 0 rg BT 202.15 306.55 Td (information ) Tj ET Q q 0 0 0 rg BT 246.97 306.55 Td (available ) Tj ET Q q 0 0 0 rg BT 281.77 306.55 Td (concerning ) Tj ET Q q 0 0 0 rg BT 324.08 306.55 Td (trading ) Tj ET Q q 0 0 0 rg BT 351.90 306.55 Td (prices ) Tj ET Q q 0 0 0 rg BT 375.72 306.55 Td (and ) Tj ET Q q 0 0 0 rg BT 391.04 306.55 Td (volume, ) Tj ET Q q 0 0 0 rg BT 422.61 306.55 Td (and ) Tj ET Q q 0 0 0 rg BT 437.94 306.55 Td (fewer ) Tj ET Q q 0 0 0 rg BT 460.75 306.55 Td (broker) Tj ET Q q 0 0 0 rg BT 484.05 306.55 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 514.86 306.55 Td (would ) Tj ET Q q 0 0 0 rg BT 539.69 306.55 Td (be ) Tj ET Q q 0 0 0 rg BT 550.51 306.55 Td (willing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 295.75 Td (to ) Tj ET Q q 0 0 0 rg BT 45.96 295.75 Td (execute ) Tj ET Q q 0 0 0 rg BT 76.39 295.75 Td (trades ) Tj ET Q q 0 0 0 rg BT 100.84 295.75 Td (with ) Tj ET Q q 0 0 0 rg BT 119.80 295.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.24 295.75 Td (to ) Tj ET Q q 0 0 0 rg BT 158.19 295.75 Td (such ) Tj ET Q q 0 0 0 rg BT 177.65 295.75 Td (common ) Tj ET Q q 0 0 0 rg BT 212.10 295.75 Td (shares. ) Tj ET Q q 0 0 0 rg BT 239.14 295.75 Td (A) Tj ET Q q 0 0 0 rg BT 245.15 295.75 Td ( ) Tj ET Q q 0 0 0 rg BT 248.10 295.75 Td (suspension ) Tj ET Q q 0 0 0 rg BT 290.56 295.75 Td (or ) Tj ET Q q 0 0 0 rg BT 301.02 295.75 Td (delisting ) Tj ET Q q 0 0 0 rg BT 334.97 295.75 Td (would ) Tj ET Q q 0 0 0 rg BT 360.43 295.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 383.88 295.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 417.81 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.76 295.75 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 483.69 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 494.15 295.75 Td (our ) Tj ET Q q 0 0 0 rg BT 509.10 295.75 Td (common ) Tj ET Q q 0 0 0 rg BT 543.55 295.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 569.00 295.75 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 284.95 Td (investors ) Tj ET Q q 0 0 0 rg BT 71.17 284.95 Td (and ) Tj ET Q q 0 0 0 rg BT 86.84 284.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 109.51 284.95 Td (the ) Tj ET Q q 0 0 0 rg BT 123.18 284.95 Td (trading ) Tj ET Q q 0 0 0 rg BT 151.35 284.95 Td (volume ) Tj ET Q q 0 0 0 rg BT 181.02 284.95 Td (of ) Tj ET Q q 0 0 0 rg BT 191.19 284.95 Td (our ) Tj ET Q q 0 0 0 rg BT 205.87 284.95 Td (common ) Tj ET Q q 0 0 0 rg BT 240.04 284.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 265.21 284.95 Td (to ) Tj ET Q q 0 0 0 rg BT 274.88 284.95 Td (decline, ) Tj ET Q q 0 0 0 rg BT 305.79 284.95 Td (which ) Tj ET Q q 0 0 0 rg BT 330.46 284.95 Td (could ) Tj ET Q q 0 0 0 rg BT 353.14 284.95 Td (result ) Tj ET Q q 0 0 0 rg BT 375.81 284.95 Td (in ) Tj ET Q q 0 0 0 rg BT 385.48 284.95 Td (a ) Tj ET Q q 0 0 0 rg BT 392.15 284.95 Td (further ) Tj ET Q q 0 0 0 rg BT 419.32 284.95 Td (decline ) Tj ET Q q 0 0 0 rg BT 447.98 284.95 Td (in ) Tj ET Q q 0 0 0 rg BT 457.66 284.95 Td (the ) Tj ET Q q 0 0 0 rg BT 471.33 284.95 Td (market ) Tj ET Q q 0 0 0 rg BT 498.99 284.95 Td (price ) Tj ET Q q 0 0 0 rg BT 519.65 284.95 Td (of ) Tj ET Q q 0 0 0 rg BT 529.83 284.95 Td (our ) Tj ET Q q 0 0 0 rg BT 544.50 284.95 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 274.15 Td (shares. ) Tj ET Q q 0 0 0 rg BT 62.99 274.15 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 246.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 67.25 246.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 99.51 246.55 Td (a ) Tj ET Q q 0 0 0 rg BT 106.26 246.55 Td (substantial ) Tj ET Q q 0 0 0 rg BT 149.03 246.55 Td (ownership ) Tj ET Q q 0 0 0 rg BT 189.79 246.55 Td (stake ) Tj ET Q q 0 0 0 rg BT 211.04 246.55 Td (in ) Tj ET Q q 0 0 0 rg BT 220.79 246.55 Td (us ) Tj ET Q q 0 0 0 rg BT 231.55 246.55 Td (and ) Tj ET Q q 0 0 0 rg BT 247.81 246.55 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 279.14 246.55 Td (s ) Tj ET Q q 0 0 0 rg BT 284.89 246.55 Td (interests ) Tj ET Q q 0 0 0 rg BT 318.15 246.55 Td (could ) Tj ET Q q 0 0 0 rg BT 340.90 246.55 Td (conflict ) Tj ET Q q 0 0 0 rg BT 371.14 246.55 Td (with ) Tj ET Q q 0 0 0 rg BT 389.40 246.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 419.15 246.55 Td (of ) Tj ET Q q 0 0 0 rg BT 428.90 246.55 Td (our ) Tj ET Q q 0 0 0 rg BT 444.16 246.55 Td (other ) Tj ET Q q 0 0 0 rg BT 465.91 246.55 Td (shareholders.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.75 Td (As ) Tj ET Q q 0 0 0 rg BT 48.78 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 62.55 232.75 Td (date ) Tj ET Q q 0 0 0 rg BT 80.32 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 90.59 232.75 Td (this ) Tj ET Q q 0 0 0 rg BT 105.76 232.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 135.03 232.75 Td (Report, ) Tj ET Q q 0 0 0 rg BT 164.55 232.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 195.32 232.75 Td (owns ) Tj ET Q q 0 0 0 rg BT 217.10 232.75 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.86 232.75 Td (70.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.10 232.75 Td ( ) Tj ET Q q 0 0 0 rg BT 297.88 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 308.15 232.75 Td (our ) Tj ET Q q 0 0 0 rg BT 322.93 232.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 367.70 232.75 Td (common ) Tj ET Q q 0 0 0 rg BT 401.97 232.75 Td (shares. ) Tj ET Q q 0 0 0 rg BT 428.88 232.75 Td (As ) Tj ET Q q 0 0 0 rg BT 441.66 232.75 Td (a ) Tj ET Q q 0 0 0 rg BT 448.43 232.75 Td (result ) Tj ET Q q 0 0 0 rg BT 471.20 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 481.47 232.75 Td (this ) Tj ET Q q 0 0 0 rg BT 497.25 232.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 538.52 232.75 Td (ownership ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.95 Td (interest, ) Tj ET Q q 0 0 0 rg BT 67.36 221.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 97.97 221.95 Td (currently ) Tj ET Q q 0 0 0 rg BT 133.07 221.95 Td (has ) Tj ET Q q 0 0 0 rg BT 147.68 221.95 Td (the ) Tj ET Q q 0 0 0 rg BT 161.30 221.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 186.91 221.95 Td (to ) Tj ET Q q 0 0 0 rg BT 196.53 221.95 Td (exert ) Tj ET Q q 0 0 0 rg BT 217.13 221.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 257.74 221.95 Td (influence ) Tj ET Q q 0 0 0 rg BT 293.84 221.95 Td (over ) Tj ET Q q 0 0 0 rg BT 312.45 221.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 339.55 221.95 Td (actions ) Tj ET Q q 0 0 0 rg BT 367.66 221.95 Td (requiring ) Tj ET Q q 0 0 0 rg BT 403.26 221.95 Td (shareholders) Tj ET Q q 0 0 0 rg BT 451.08 221.95 Td ( ) Tj ET Q q 0 0 0 rg BT 453.69 221.95 Td (approval, ) Tj ET Q q 0 0 0 rg BT 490.05 221.95 Td (including, ) Tj ET Q q 0 0 0 rg BT 528.91 221.95 Td (increasing ) Tj ET Q q 0 0 0 rg BT 568.51 221.95 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 211.15 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 76.61 211.15 Td (the ) Tj ET Q q 0 0 0 rg BT 89.73 211.15 Td (authorized ) Tj ET Q q 0 0 0 rg BT 129.84 211.15 Td (share ) Tj ET Q q 0 0 0 rg BT 150.96 211.15 Td (capital, ) Tj ET Q q 0 0 0 rg BT 179.33 211.15 Td (the ) Tj ET Q q 0 0 0 rg BT 192.45 211.15 Td (election ) Tj ET Q q 0 0 0 rg BT 223.07 211.15 Td (of ) Tj ET Q q 0 0 0 rg BT 232.69 211.15 Td (directors, ) Tj ET Q q 0 0 0 rg BT 268.56 211.15 Td (declaration ) Tj ET Q q 0 0 0 rg BT 310.67 211.15 Td (of ) Tj ET Q q 0 0 0 rg BT 320.29 211.15 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 359.67 211.15 Td (the ) Tj ET Q q 0 0 0 rg BT 372.79 211.15 Td (appointment ) Tj ET Q q 0 0 0 rg BT 419.91 211.15 Td (of ) Tj ET Q q 0 0 0 rg BT 429.54 211.15 Td (management, ) Tj ET Q q 0 0 0 rg BT 479.90 211.15 Td (and ) Tj ET Q q 0 0 0 rg BT 495.02 211.15 Td (other ) Tj ET Q q 0 0 0 rg BT 515.65 211.15 Td (policy ) Tj ET Q q 0 0 0 rg BT 540.27 211.15 Td (decisions. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 200.35 Td (While ) Tj ET Q q 0 0 0 rg BT 60.27 200.35 Td (transactions ) Tj ET Q q 0 0 0 rg BT 105.54 200.35 Td (with ) Tj ET Q q 0 0 0 rg BT 123.81 200.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 154.09 200.35 Td (could ) Tj ET Q q 0 0 0 rg BT 176.36 200.35 Td (benefit ) Tj ET Q q 0 0 0 rg BT 203.63 200.35 Td (us, ) Tj ET Q q 0 0 0 rg BT 216.16 200.35 Td (the ) Tj ET Q q 0 0 0 rg BT 229.43 200.35 Td (interests ) Tj ET Q q 0 0 0 rg BT 261.70 200.35 Td (of ) Tj ET Q q 0 0 0 rg BT 271.48 200.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 301.75 200.35 Td (could ) Tj ET Q q 0 0 0 rg BT 324.02 200.35 Td (at ) Tj ET Q q 0 0 0 rg BT 332.80 200.35 Td (times ) Tj ET Q q 0 0 0 rg BT 354.58 200.35 Td (conflict ) Tj ET Q q 0 0 0 rg BT 384.34 200.35 Td (with ) Tj ET Q q 0 0 0 rg BT 402.62 200.35 Td (the ) Tj ET Q q 0 0 0 rg BT 415.90 200.35 Td (interests ) Tj ET Q q 0 0 0 rg BT 448.17 200.35 Td (of ) Tj ET Q q 0 0 0 rg BT 457.94 200.35 Td (our ) Tj ET Q q 0 0 0 rg BT 472.22 200.35 Td (other ) Tj ET Q q 0 0 0 rg BT 492.99 200.35 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 543.00 200.35 Td (Conflicts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 189.55 Td (of ) Tj ET Q q 0 0 0 rg BT 46.21 189.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.41 189.55 Td (may ) Tj ET Q q 0 0 0 rg BT 93.62 189.55 Td (arise ) Tj ET Q q 0 0 0 rg BT 113.32 189.55 Td (between ) Tj ET Q q 0 0 0 rg BT 146.01 189.55 Td (us ) Tj ET Q q 0 0 0 rg BT 156.73 189.55 Td (and ) Tj ET Q q 0 0 0 rg BT 172.43 189.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 203.14 189.55 Td (or ) Tj ET Q q 0 0 0 rg BT 213.35 189.55 Td (its ) Tj ET Q q 0 0 0 rg BT 224.56 189.55 Td (af) Tj ET Q q 0 0 0 rg BT 231.39 189.55 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 260.84 189.55 Td (which ) Tj ET Q q 0 0 0 rg BT 285.55 189.55 Td (may ) Tj ET Q q 0 0 0 rg BT 303.75 189.55 Td (result ) Tj ET Q q 0 0 0 rg BT 326.46 189.55 Td (in ) Tj ET Q q 0 0 0 rg BT 336.17 189.55 Td (the ) Tj ET Q q 0 0 0 rg BT 349.88 189.55 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 391.58 189.55 Td (of ) Tj ET Q q 0 0 0 rg BT 401.79 189.55 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.49 189.55 Td (on ) Tj ET Q q 0 0 0 rg BT 459.20 189.55 Td (terms ) Tj ET Q q 0 0 0 rg BT 481.91 189.55 Td (not ) Tj ET Q q 0 0 0 rg BT 496.12 189.55 Td (determined ) Tj ET Q q 0 0 0 rg BT 539.31 189.55 Td (by ) Tj ET Q q 0 0 0 rg BT 551.03 189.55 Td (market ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 178.75 Td (forces. ) Tj ET Q q 0 0 0 rg BT 62.49 178.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 80.89 178.75 Td (such ) Tj ET Q q 0 0 0 rg BT 100.28 178.75 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 134.17 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 144.56 178.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.95 178.75 Td (could ) Tj ET Q q 0 0 0 rg BT 196.84 178.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 234.22 178.75 Td (af) Tj ET Q q 0 0 0 rg BT 241.05 178.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 257.43 178.75 Td (our ) Tj ET Q q 0 0 0 rg BT 272.32 178.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 307.97 178.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.35 178.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 379.24 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 395.13 178.75 Td (results ) Tj ET Q q 0 0 0 rg BT 421.53 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 431.92 178.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 474.55 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.45 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.34 178.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 532.73 178.75 Td (price ) Tj ET Q q 0 0 0 rg BT 553.61 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 564.00 178.75 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 167.95 Td (common ) Tj ET Q q 0 0 0 rg BT 69.75 167.95 Td (shares.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 140.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 67.25 140.35 Td (may ) Tj ET Q q 0 0 0 rg BT 85.00 140.35 Td (reduce ) Tj ET Q q 0 0 0 rg BT 112.24 140.35 Td (its ) Tj ET Q q 0 0 0 rg BT 122.99 140.35 Td (ownership ) Tj ET Q q 0 0 0 rg BT 163.76 140.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.51 140.35 Td (in ) Tj ET Q q 0 0 0 rg BT 203.26 140.35 Td (us.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 126.55 Td (The ) Tj ET Q q 0 0 0 rg BT 51.21 126.55 Td (potential ) Tj ET Q q 0 0 0 rg BT 83.92 126.55 Td (transactions ) Tj ET Q q 0 0 0 rg BT 128.13 126.55 Td (announced ) Tj ET Q q 0 0 0 rg BT 168.34 126.55 Td (with ) Tj ET Q q 0 0 0 rg BT 185.56 126.55 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 214.78 126.55 Td (will, ) Tj ET Q q 0 0 0 rg BT 232.25 126.55 Td (if ) Tj ET Q q 0 0 0 rg BT 238.97 126.55 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 292.43 126.55 Td (result ) Tj ET Q q 0 0 0 rg BT 313.64 126.55 Td (in ) Tj ET Q q 0 0 0 rg BT 321.86 126.55 Td (a ) Tj ET Q q 0 0 0 rg BT 327.08 126.55 Td (reduction ) Tj ET Q q 0 0 0 rg BT 362.29 126.55 Td (in ) Tj ET Q q 0 0 0 rg BT 370.51 126.55 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 404.84 126.55 Td (ownership ) Tj ET Q q 0 0 0 rg BT 443.56 126.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.27 126.55 Td (in ) Tj ET Q q 0 0 0 rg BT 479.49 126.55 Td (us. ) Tj ET Q q 0 0 0 rg BT 490.88 126.55 Td (While ) Tj ET Q q 0 0 0 rg BT 514.09 126.55 Td (it ) Tj ET Q q 0 0 0 rg BT 520.31 126.55 Td (is ) Tj ET Q q 0 0 0 rg BT 527.53 126.55 Td (contemplated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 115.75 Td (that ) Tj ET Q q 0 0 0 rg BT 51.39 115.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 81.27 115.75 Td (will ) Tj ET Q q 0 0 0 rg BT 97.16 115.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 130.04 115.75 Td (to ) Tj ET Q q 0 0 0 rg BT 138.93 115.75 Td (hold ) Tj ET Q q 0 0 0 rg BT 156.82 115.75 Td (a ) Tj ET Q q 0 0 0 rg BT 162.71 115.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 195.09 115.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 234.48 115.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.86 115.75 Td (in ) Tj ET Q q 0 0 0 rg BT 271.75 115.75 Td (us ) Tj ET Q q 0 0 0 rg BT 281.64 115.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.53 115.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 329.42 115.75 Td (of ) Tj ET Q q 0 0 0 rg BT 338.81 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 351.70 115.75 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 381.58 115.75 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 428.71 115.75 Td (we ) Tj ET Q q 0 0 0 rg BT 441.10 115.75 Td (can ) Tj ET Q q 0 0 0 rg BT 455.48 115.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 484.86 115.75 Td (no ) Tj ET Q q 0 0 0 rg BT 495.75 115.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 532.62 115.75 Td (that ) Tj ET Q q 0 0 0 rg BT 548.01 115.75 Td (Seadrill ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 104.95 Td (will ) Tj ET Q q 0 0 0 rg BT 51.80 104.95 Td (not ) Tj ET Q q 0 0 0 rg BT 65.11 104.95 Td ( ) Tj ET Q q 0 0 0 rg BT 66.91 104.95 Td (agree ) Tj ET Q q 0 0 0 rg BT 88.19 104.95 Td (with ) Tj ET Q q 0 0 0 rg BT 106.00 104.95 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 135.80 104.95 Td (to ) Tj ET Q q 0 0 0 rg BT 144.60 104.95 Td (further ) Tj ET Q q 0 0 0 rg BT 170.89 104.95 Td (reduce ) Tj ET Q q 0 0 0 rg BT 196.67 104.95 Td (its ) Tj ET Q q 0 0 0 rg BT 206.98 104.95 Td (ownership ) Tj ET Q q 0 0 0 rg BT 246.28 104.95 Td (in ) Tj ET Q q 0 0 0 rg BT 255.08 104.95 Td (us, ) Tj ET Q q 0 0 0 rg BT 267.13 104.95 Td (or ) Tj ET Q q 0 0 0 rg BT 276.43 104.95 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 311.22 104.95 Td (another ) Tj ET Q q 0 0 0 rg BT 340.01 104.95 Td (transaction ) Tj ET Q q 0 0 0 rg BT 381.30 104.95 Td (to ) Tj ET Q q 0 0 0 rg BT 390.10 104.95 Td (reduce ) Tj ET Q q 0 0 0 rg BT 415.89 104.95 Td (its ) Tj ET Q q 0 0 0 rg BT 426.19 104.95 Td (ownership ) Tj ET Q q 0 0 0 rg BT 465.49 104.95 Td (in ) Tj ET Q q 0 0 0 rg BT 474.29 104.95 Td (us. ) Tj ET Q q 0 0 0 rg BT 486.35 104.95 Td (If ) Tj ET Q q 0 0 0 rg BT 494.14 104.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 523.94 104.95 Td (were ) Tj ET Q q 0 0 0 rg BT 543.23 104.95 Td (to ) Tj ET Q q 0 0 0 rg BT 552.03 104.95 Td (reduce ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 94.15 Td (its ) Tj ET Q q 0 0 0 rg BT 46.91 94.15 Td (ownership ) Tj ET Q q 0 0 0 rg BT 86.80 94.15 Td (in ) Tj ET Q q 0 0 0 rg BT 96.20 94.15 Td (us ) Tj ET Q q 0 0 0 rg BT 106.61 94.15 Td (to ) Tj ET Q q 0 0 0 rg BT 116.01 94.15 Td (a ) Tj ET Q q 0 0 0 rg BT 122.41 94.15 Td (minority ) Tj ET Q q 0 0 0 rg BT 155.81 94.15 Td (interest, ) Tj ET Q q 0 0 0 rg BT 186.95 94.15 Td (we ) Tj ET Q q 0 0 0 rg BT 199.85 94.15 Td (can ) Tj ET Q q 0 0 0 rg BT 214.74 94.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 244.63 94.15 Td (no ) Tj ET Q q 0 0 0 rg BT 256.03 94.15 Td (assurance ) Tj ET Q q 0 0 0 rg BT 293.42 94.15 Td (that ) Tj ET Q q 0 0 0 rg BT 309.31 94.15 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 339.71 94.15 Td (would ) Tj ET Q q 0 0 0 rg BT 364.61 94.15 Td (continue ) Tj ET Q q 0 0 0 rg BT 398.00 94.15 Td (to ) Tj ET Q q 0 0 0 rg BT 407.40 94.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 437.30 94.15 Td (support ) Tj ET Q q 0 0 0 rg BT 466.70 94.15 Td (or ) Tj ET Q q 0 0 0 rg BT 476.60 94.15 Td (management ) Tj ET Q q 0 0 0 rg BT 524.98 94.15 Td (services ) Tj ET Q q 0 0 0 rg BT 556.37 94.15 Td (to ) Tj ET Q q 0 0 0 rg BT 565.77 94.15 Td (us, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 83.35 Td (and ) Tj ET Q q 0 0 0 rg BT 51.69 83.35 Td (we ) Tj ET Q q 0 0 0 rg BT 64.89 83.35 Td (can ) Tj ET Q q 0 0 0 rg BT 80.08 83.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 110.27 83.35 Td (no ) Tj ET Q q 0 0 0 rg BT 121.97 83.35 Td (assurance ) Tj ET Q q 0 0 0 rg BT 159.65 83.35 Td (that ) Tj ET Q q 0 0 0 rg BT 175.84 83.35 Td (we ) Tj ET Q q 0 0 0 rg BT 189.03 83.35 Td (would ) Tj ET Q q 0 0 0 rg BT 214.23 83.35 Td (be ) Tj ET Q q 0 0 0 rg BT 225.43 83.35 Td (able ) Tj ET Q q 0 0 0 rg BT 243.12 83.35 Td (to ) Tj ET Q q 0 0 0 rg BT 252.82 83.35 Td (replace ) Tj ET Q q 0 0 0 rg BT 281.49 83.35 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 311.98 83.35 Td (s ) Tj ET Q q 0 0 0 rg BT 318.19 83.35 Td (support ) Tj ET Q q 0 0 0 rg BT 347.89 83.35 Td (and ) Tj ET Q q 0 0 0 rg BT 363.58 83.35 Td (services ) Tj ET Q q 0 0 0 rg BT 395.27 83.35 Td (with ) Tj ET Q q 0 0 0 rg BT 413.96 83.35 Td (the ) Tj ET Q q 0 0 0 rg BT 427.66 83.35 Td (support ) Tj ET Q q 0 0 0 rg BT 457.36 83.35 Td (and ) Tj ET Q q 0 0 0 rg BT 473.05 83.35 Td (services ) Tj ET Q q 0 0 0 rg BT 504.74 83.35 Td (of ) Tj ET Q q 0 0 0 rg BT 514.93 83.35 Td (a ) Tj ET Q q 0 0 0 rg BT 521.63 83.35 Td (third ) Tj ET Q q 0 0 0 rg BT 541.33 83.35 Td (party ) Tj ET Q q 0 0 0 rg BT 562.52 83.35 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 72.55 Td (would ) Tj ET Q q 0 0 0 rg BT 60.75 72.55 Td (be ) Tj ET Q q 0 0 0 rg BT 71.49 72.55 Td (of ) Tj ET Q q 0 0 0 rg BT 81.24 72.55 Td (the ) Tj ET Q q 0 0 0 rg BT 94.49 72.55 Td (same ) Tj ET Q q 0 0 0 rg BT 115.23 72.55 Td (quality ) Tj ET Q q 0 0 0 rg BT 142.48 72.55 Td (or ) Tj ET Q q 0 0 0 rg BT 152.22 72.55 Td (at ) Tj ET Q q 0 0 0 rg BT 160.97 72.55 Td (the ) Tj ET Q q 0 0 0 rg BT 174.21 72.55 Td (same ) Tj ET Q q 0 0 0 rg BT 194.95 72.55 Td (cost.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 44.95 Td (Because ) Tj ET Q q 0 0 0 rg BT 69.24 44.95 Td (we ) Tj ET Q q 0 0 0 rg BT 81.49 44.95 Td (are ) Tj ET Q q 0 0 0 rg BT 95.74 44.95 Td (a ) Tj ET Q q 0 0 0 rg BT 102.49 44.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 131.74 44.95 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 179.75 44.95 Td (you ) Tj ET Q q 0 0 0 rg BT 195.50 44.95 Td (may ) Tj ET Q q 0 0 0 rg BT 213.24 44.95 Td (not ) Tj ET Q q 0 0 0 rg BT 227.50 44.95 Td (have ) Tj ET Q q 0 0 0 rg BT 247.24 44.95 Td (the ) Tj ET Q q 0 0 0 rg BT 260.99 44.95 Td (same ) Tj ET Q q 0 0 0 rg BT 282.24 44.95 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.00 44.95 Td (that ) Tj ET Q q 0 0 0 rg BT 322.76 44.95 Td (a ) Tj ET Q q 0 0 0 rg BT 329.51 44.95 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 376.26 44.95 Td (in ) Tj ET Q q 0 0 0 rg BT 386.02 44.95 Td (a ) Tj ET Q q 0 0 0 rg BT 392.77 44.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 411.02 44.95 Td (corporation ) Tj ET Q q 0 0 0 rg BT 456.78 44.95 Td (may ) Tj ET Q q 0 0 0 rg BT 474.53 44.95 Td (have.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 749.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.38 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 63.97 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 70.58 749.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 106.18 749.80 Td (exempted ) Tj ET Q q 0 0 0 rg BT 143.77 749.80 Td (company) Tj ET Q q 0 0 0 rg BT 176.18 749.80 Td (. ) Tj ET Q q 0 0 0 rg BT 181.04 749.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 197.64 749.80 Td (memorandum ) Tj ET Q q 0 0 0 rg BT 250.24 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 260.35 749.80 Td (association ) Tj ET Q q 0 0 0 rg BT 302.94 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 318.55 749.80 Td (bye-laws ) Tj ET Q q 0 0 0 rg BT 353.65 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 369.25 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 382.86 749.80 Td (Companies ) Tj ET Q q 0 0 0 rg BT 425.38 749.80 Td (Act, ) Tj ET Q q 0 0 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706.60 Td (under ) Tj ET Q q 0 0 0 rg BT 132.66 706.60 Td (Section1) Tj ET Q q 0 0 0 rg BT 166.07 706.60 Td (1) Tj ET Q q 0 0 0 rg BT 170.23 706.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 176.27 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.31 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.84 706.60 Td (Companies ) Tj ET Q q 0 0 0 rg BT 239.53 706.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 254.06 706.60 Td (which ) Tj ET Q q 0 0 0 rg BT 277.60 706.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 310.13 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 325.16 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 330.69 706.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 374.21 706.60 Td (may ) Tj ET Q q 0 0 0 rg BT 391.24 706.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 408.77 706.60 Td (redress ) Tj ET Q q 0 0 0 rg BT 435.80 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.33 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.87 706.60 Td (courts ) Tj ET Q q 0 0 0 rg BT 480.40 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 489.43 706.60 Td (long ) Tj ET Q q 0 0 0 rg BT 506.97 706.60 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 643.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.94 643.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.11 643.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 110.76 643.60 Td (in ) Tj ET Q q 0 0 0 rg BT 119.94 643.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 155.10 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.27 643.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 217.94 643.60 Td (all ) Tj ET Q q 0 0 0 rg BT 229.11 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.79 643.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.96 643.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 276.13 643.60 Td (are ) Tj ET Q q 0 0 0 rg BT 289.29 643.60 Td (located ) Tj ET Q q 0 0 0 rg BT 317.45 643.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 345.63 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.80 643.60 Td (United ) Tj ET Q q 0 0 0 rg BT 385.47 643.60 Td (States. ) Tj ET Q q 0 0 0 rg BT 411.39 643.60 Td (In ) Tj ET Q q 0 0 0 rg BT 421.06 643.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 454.98 643.60 Td (most ) Tj ET Q q 0 0 0 rg BT 474.66 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.33 643.60 Td (our ) Tj ET Q q 0 0 0 rg BT 498.51 643.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 532.17 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 547.34 643.60 Td (some ) Tj ET Q q 0 0 0 rg BT 568.51 643.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (our ) Tj ET Q q 0 0 0 rg BT 49.74 632.80 Td (executive ) Tj ET Q q 0 0 0 rg BT 85.97 632.80 Td (of) Tj ET Q q 0 0 0 rg BT 93.30 632.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 115.03 632.80 Td (are ) Tj ET Q q 0 0 0 rg BT 127.76 632.80 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 178.00 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 187.24 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 199.98 632.80 Td (United ) Tj ET Q q 0 0 0 rg BT 226.22 632.80 Td (States. ) Tj ET Q q 0 0 0 rg BT 251.32 632.80 Td (As ) Tj ET Q q 0 0 0 rg BT 263.07 632.80 Td (a ) Tj ET Q q 0 0 0 rg BT 268.81 632.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 292.80 632.80 Td (it ) Tj ET Q q 0 0 0 rg BT 299.55 632.80 Td (may ) Tj ET Q q 0 0 0 rg BT 316.79 632.80 Td (be ) Tj ET Q q 0 0 0 rg BT 327.02 632.80 Td (dif) Tj ET Q q 0 0 0 rg BT 336.86 632.80 Td (ficult ) Tj ET Q q 0 0 0 rg BT 357.60 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 366.84 632.80 Td (impossible ) Tj ET Q q 0 0 0 rg BT 407.59 632.80 Td (for ) Tj ET Q q 0 0 0 rg BT 419.82 632.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 437.57 632.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 471.82 632.80 Td (to ) Tj ET Q q 0 0 0 rg BT 480.56 632.80 Td (serve ) Tj ET Q q 0 0 0 rg BT 501.29 632.80 Td (process ) Tj ET Q q 0 0 0 rg BT 530.03 632.80 Td (in ) Tj ET Q q 0 0 0 rg BT 538.78 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 551.52 632.80 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.00 Td (States ) Tj ET Q q 0 0 0 rg BT 59.75 622.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 80.00 622.00 Td (us ) Tj ET Q q 0 0 0 rg BT 90.25 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 100.00 622.00 Td (our ) Tj ET Q q 0 0 0 rg BT 114.24 622.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 147.98 622.00 Td (and ) Tj ET Q q 0 0 0 rg BT 163.23 622.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 199.96 622.00 Td (of) Tj ET Q q 0 0 0 rg BT 207.29 622.00 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 231.78 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 241.52 622.00 Td (to ) Tj ET Q q 0 0 0 rg BT 250.77 622.00 Td (enforce ) Tj ET Q q 0 0 0 rg BT 280.00 622.00 Td (a ) Tj ET Q q 0 0 0 rg BT 286.25 622.00 Td (judgment ) Tj ET Q q 0 0 0 rg BT 322.49 622.00 Td (against ) Tj ET Q q 0 0 0 rg BT 350.24 622.00 Td (us ) Tj ET Q q 0 0 0 rg BT 360.49 622.00 Td (for ) Tj ET Q q 0 0 0 rg BT 373.23 622.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 391.48 622.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 427.22 622.00 Td (in ) Tj ET Q q 0 0 0 rg BT 436.47 622.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 454.73 622.00 Td (courts.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.85 594.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.94 594.40 Td (you ) Tj ET Q q 0 0 0 rg BT 95.79 594.40 Td (should ) Tj ET Q q 0 0 0 rg BT 122.15 594.40 Td (not ) Tj ET Q q 0 0 0 rg BT 136.00 594.40 Td (assume ) Tj ET Q q 0 0 0 rg BT 164.84 594.40 Td (that ) Tj ET Q q 0 0 0 rg BT 180.69 594.40 Td (courts ) Tj ET Q q 0 0 0 rg BT 205.03 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 214.38 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 227.73 594.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 263.07 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 272.42 594.40 Td (which ) Tj ET Q q 0 0 0 rg BT 296.76 594.40 Td (we ) Tj ET Q q 0 0 0 rg BT 309.61 594.40 Td (are ) Tj ET Q q 0 0 0 rg BT 322.94 594.40 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 370.77 594.40 Td (or ) Tj ET Q q 0 0 0 rg BT 380.62 594.40 Td (where ) Tj ET Q q 0 0 0 rg BT 404.96 594.40 Td (our ) Tj ET Q q 0 0 0 rg BT 419.30 594.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 442.65 594.40 Td (are ) Tj ET Q q 0 0 0 rg BT 455.99 594.40 Td (located ) Tj ET Q q 0 0 0 rg BT 484.32 594.40 Td (would ) Tj ET Q q 0 0 0 rg BT 509.17 594.40 Td (enforce ) Tj ET Q q 0 0 0 rg BT 538.50 594.40 Td (judgments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.24 583.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 62.99 583.60 Td (courts ) Tj ET Q q 0 0 0 rg BT 86.73 583.60 Td (obtained ) Tj ET Q q 0 0 0 rg BT 119.47 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 128.22 583.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 155.45 583.60 Td (against ) Tj ET Q q 0 0 0 rg BT 182.69 583.60 Td (us ) Tj ET Q q 0 0 0 rg BT 192.44 583.60 Td (based ) Tj ET Q q 0 0 0 rg BT 214.68 583.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 234.42 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.16 583.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 264.91 583.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 294.65 583.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 333.90 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.14 583.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 381.87 583.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 399.62 583.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 426.34 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.08 583.60 Td (state ) Tj ET Q q 0 0 0 rg BT 459.32 583.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 495.05 583.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 513.29 583.60 Td (or ) Tj ET Q q 0 0 0 rg BT 522.54 583.60 Td (would ) Tj ET Q q 0 0 0 rg BT 546.78 583.60 Td (enforce, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 572.80 Td (original ) Tj ET Q q 0 0 0 rg BT 75.49 572.80 Td (actions, ) Tj ET Q q 0 0 0 rg BT 105.49 572.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 141.23 572.80 Td (against ) Tj ET Q q 0 0 0 rg BT 168.97 572.80 Td (us ) Tj ET Q q 0 0 0 rg BT 179.23 572.80 Td (based ) Tj ET Q q 0 0 0 rg BT 201.97 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 213.22 572.80 Td (those ) Tj ET Q q 0 0 0 rg BT 234.47 572.80 Td (laws.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 545.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.52 545.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 74.03 545.20 Td (of ) Tj ET Q q 0 0 0 rg BT 84.03 545.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 122.04 545.20 Td (as ) Tj ET Q q 0 0 0 rg BT 132.56 545.20 Td (a ) Tj ET Q q 0 0 0 rg BT 139.57 545.20 Td (public ) Tj ET Q q 0 0 0 rg BT 165.08 545.20 Td (company ) Tj ET Q q 0 0 0 rg BT 201.08 545.20 Td (are ) Tj ET Q q 0 0 0 rg BT 215.59 545.20 Td (and ) Tj ET Q q 0 0 0 rg BT 232.10 545.20 Td (will ) Tj ET Q q 0 0 0 rg BT 248.12 545.20 Td (be ) Tj ET Q q 0 0 0 rg BT 259.12 545.20 Td (significant, ) Tj ET Q q 0 0 0 rg BT 303.39 545.20 Td (and ) Tj ET Q q 0 0 0 rg BT 319.90 545.20 Td (our ) Tj ET Q q 0 0 0 rg BT 335.42 545.20 Td (management ) Tj ET Q q 0 0 0 rg BT 385.93 545.20 Td (is ) Tj ET Q q 0 0 0 rg BT 394.44 545.20 Td (and ) Tj ET Q q 0 0 0 rg BT 410.95 545.20 Td (will ) Tj ET Q q 0 0 0 rg BT 426.97 545.20 Td (be ) Tj ET Q q 0 0 0 rg BT 437.97 545.20 Td (required ) Tj ET Q q 0 0 0 rg BT 471.98 545.20 Td (to ) Tj ET Q q 0 0 0 rg BT 481.49 545.20 Td (devote ) Tj ET Q q 0 0 0 rg BT 507.48 545.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 550.51 545.20 Td (time ) Tj ET Q q 0 0 0 rg BT 569.02 545.20 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 534.40 Td (complying ) Tj ET Q q 0 0 0 rg BT 76.75 534.40 Td (with ) Tj ET Q q 0 0 0 rg BT 95.01 534.40 Td (public ) Tj ET Q q 0 0 0 rg BT 120.26 534.40 Td (company ) Tj ET Q q 0 0 0 rg BT 156.00 534.40 Td (regulations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 520.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.36 520.60 Td (are ) Tj ET Q q 0 0 0 rg BT 61.95 520.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 89.03 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 97.63 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.22 520.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 144.80 520.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 193.38 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 202.47 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.06 520.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 252.15 520.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 288.87 520.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 303.46 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 312.56 520.60 Td (1934, ) Tj ET Q q 0 0 0 rg BT 334.40 520.60 Td (as ) Tj ET Q q 0 0 0 rg BT 343.49 520.60 Td (amended, ) Tj ET Q q 0 0 0 rg BT 379.82 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 388.92 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.51 520.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 438.23 520.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 455.07 520.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.66 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.25 520.60 Td (other ) Tj ET Q q 0 0 0 rg BT 502.34 520.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 521.43 520.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.02 520.60 Td (regulations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.63 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 58.76 509.80 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 108.65 509.80 Td (including ) Tj ET Q q 0 0 0 rg BT 144.78 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 157.91 509.80 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 217.06 509.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 232.18 509.80 Td (of ) Tj ET Q q 0 0 0 rg BT 241.81 509.80 Td (2002, ) Tj ET Q q 0 0 0 rg BT 264.20 509.80 Td (or ) Tj ET Q q 0 0 0 rg BT 273.83 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 286.96 509.80 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 346.10 509.80 Td (Act, ) Tj ET Q q 0 0 0 rg BT 363.48 509.80 Td (and ) Tj ET Q q 0 0 0 rg BT 378.61 509.80 Td (as ) Tj ET Q q 0 0 0 rg BT 388.24 509.80 Td (such, ) Tj ET Q q 0 0 0 rg BT 409.12 509.80 Td (we ) Tj ET Q q 0 0 0 rg BT 421.75 509.80 Td (have, ) Tj ET Q q 0 0 0 rg BT 443.12 509.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.25 509.80 Td (will ) Tj ET Q q 0 0 0 rg BT 474.38 509.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 507.51 509.80 Td (to ) Tj ET Q q 0 0 0 rg BT 516.64 509.80 Td (have, ) Tj ET Q q 0 0 0 rg BT 538.02 509.80 Td (significant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 499.00 Td (legal, ) Tj ET Q q 0 0 0 rg BT 58.17 499.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 100.09 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.52 499.00 Td (other ) Tj ET Q q 0 0 0 rg BT 136.45 499.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 171.37 499.00 Td (that ) Tj ET Q q 0 0 0 rg BT 187.30 499.00 Td (we ) Tj ET Q q 0 0 0 rg BT 200.23 499.00 Td (did ) Tj ET Q q 0 0 0 rg BT 214.16 499.00 Td (not ) Tj ET Q q 0 0 0 rg BT 228.09 499.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 249.02 499.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 268.95 499.00 Td (to ) Tj ET Q q 0 0 0 rg BT 278.38 499.00 Td (our ) Tj ET Q q 0 0 0 rg BT 292.81 499.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 316.24 499.00 Td (public ) Tj ET Q q 0 0 0 rg BT 341.17 499.00 Td (of) Tj ET Q q 0 0 0 rg BT 348.51 499.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 372.43 499.00 Td (in ) Tj ET Q q 0 0 0 rg BT 381.86 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.29 499.00 Td (United ) Tj ET Q q 0 0 0 rg BT 422.22 499.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 448.23 499.00 Td (These ) Tj ET Q q 0 0 0 rg BT 472.15 499.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 507.57 499.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 550.01 499.00 Td (impose ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 488.20 Td (various ) Tj ET Q q 0 0 0 rg BT 64.99 488.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 114.46 488.20 Td (on ) Tj ET Q q 0 0 0 rg BT 125.95 488.20 Td (public ) Tj ET Q q 0 0 0 rg BT 150.94 488.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 194.17 488.20 Td (including ) Tj ET Q q 0 0 0 rg BT 230.66 488.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 262.13 488.20 Td (in ) Tj ET Q q 0 0 0 rg BT 271.63 488.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 308.10 488.20 Td (governance ) Tj ET Q q 0 0 0 rg BT 352.06 488.20 Td (practices, ) Tj ET Q q 0 0 0 rg BT 388.78 488.20 Td (and ) Tj ET Q q 0 0 0 rg BT 404.27 488.20 Td (these ) Tj ET Q q 0 0 0 rg BT 425.25 488.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 474.73 488.20 Td (may ) Tj ET Q q 0 0 0 rg BT 492.71 488.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 526.20 488.20 Td (to ) Tj ET Q q 0 0 0 rg BT 535.69 488.20 Td (evolve. ) Tj ET Q q 0 0 0 rg BT 564.24 488.20 Td (W) Tj ET Q q 0 0 0 rg BT 572.01 488.20 Td (e ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.40 Td (and ) Tj ET Q q 0 0 0 rg BT 51.52 477.40 Td (our ) Tj ET Q q 0 0 0 rg BT 66.05 477.40 Td (management ) Tj ET Q q 0 0 0 rg BT 114.56 477.40 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 154.33 477.40 Td (and ) Tj ET Q q 0 0 0 rg BT 169.86 477.40 Td (other ) Tj ET Q q 0 0 0 rg BT 190.88 477.40 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 230.65 477.40 Td (if ) Tj ET Q q 0 0 0 rg BT 238.68 477.40 Td (any) Tj ET Q q 0 0 0 rg BT 251.09 477.40 Td (, ) Tj ET Q q 0 0 0 rg BT 255.87 477.40 Td (devote, ) Tj ET Q q 0 0 0 rg BT 284.64 477.40 Td (and ) Tj ET Q q 0 0 0 rg BT 300.16 477.40 Td (will ) Tj ET Q q 0 0 0 rg BT 316.69 477.40 Td (need ) Tj ET Q q 0 0 0 rg BT 336.21 477.40 Td (to ) Tj ET Q q 0 0 0 rg BT 345.74 477.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 379.26 477.40 Td (to ) Tj ET Q q 0 0 0 rg BT 388.79 477.40 Td (devote ) Tj ET Q q 0 0 0 rg BT 415.31 477.40 Td (a ) Tj ET Q q 0 0 0 rg BT 421.84 477.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 462.87 477.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 492.39 477.40 Td (of ) Tj ET Q q 0 0 0 rg BT 502.42 477.40 Td (time ) Tj ET Q q 0 0 0 rg BT 520.95 477.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.48 477.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 560.00 477.40 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.60 Td (these ) Tj ET Q q 0 0 0 rg BT 57.73 466.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 110.20 466.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 145.33 466.60 Td (, ) Tj ET Q q 0 0 0 rg BT 150.82 466.60 Td (these ) Tj ET Q q 0 0 0 rg BT 172.55 466.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 193.29 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.52 466.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 252.75 466.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 285.47 466.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.70 466.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 321.43 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.67 466.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.39 466.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 417.11 466.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 438.35 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.58 466.60 Td (make ) Tj ET Q q 0 0 0 rg BT 477.31 466.60 Td (some ) Tj ET Q q 0 0 0 rg BT 499.55 466.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 535.28 466.60 Td (more ) Tj ET Q q 0 0 0 rg BT 557.01 466.60 Td (time-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (consuming ) Tj ET Q q 0 0 0 rg BT 77.75 455.80 Td (and ) Tj ET Q q 0 0 0 rg BT 92.99 455.80 Td (costly) Tj ET Q q 0 0 0 rg BT 113.91 455.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.20 Td (The ) Tj ET Q q 0 0 0 rg BT 53.04 428.20 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 112.89 428.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 128.93 428.20 Td (requires, ) Tj ET Q q 0 0 0 rg BT 163.21 428.20 Td (among ) Tj ET Q q 0 0 0 rg BT 190.75 428.20 Td (other ) Tj ET Q q 0 0 0 rg BT 212.29 428.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 239.59 428.20 Td (that ) Tj ET Q q 0 0 0 rg BT 256.13 428.20 Td (we ) Tj ET Q q 0 0 0 rg BT 269.67 428.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 304.21 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 320.25 428.20 Td (periodically ) Tj ET Q q 0 0 0 rg BT 366.28 428.20 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 399.30 428.20 Td (our ) Tj ET Q q 0 0 0 rg BT 414.34 428.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 444.88 428.20 Td (control ) Tj ET Q q 0 0 0 rg BT 473.41 428.20 Td (over ) Tj ET Q q 0 0 0 rg BT 492.45 428.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 526.98 428.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 563.01 428.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 75.02 417.40 Td (controls ) Tj ET Q q 0 0 0 rg BT 106.54 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 122.06 417.40 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 166.32 417.40 Td (In ) Tj ET Q q 0 0 0 rg BT 176.34 417.40 Td (particular) Tj ET Q q 0 0 0 rg BT 210.46 417.40 Td (, ) Tj ET Q q 0 0 0 rg BT 215.23 417.40 Td (we ) Tj ET Q q 0 0 0 rg BT 228.25 417.40 Td (need ) Tj ET Q q 0 0 0 rg BT 247.77 417.40 Td (to ) Tj ET Q q 0 0 0 rg BT 257.30 417.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 288.81 417.40 Td (system ) Tj ET Q q 0 0 0 rg BT 316.33 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 331.85 417.40 Td (process ) Tj ET Q q 0 0 0 rg BT 361.37 417.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 401.38 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 416.90 417.40 Td (testing ) Tj ET Q q 0 0 0 rg BT 443.43 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 453.45 417.40 Td (our ) Tj ET Q q 0 0 0 rg BT 467.97 417.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 497.99 417.40 Td (control ) Tj ET Q q 0 0 0 rg BT 526.01 417.40 Td (over ) Tj ET Q q 0 0 0 rg BT 544.52 417.40 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 70.75 406.60 Td (to ) Tj ET Q q 0 0 0 rg BT 79.50 406.60 Td (allow ) Tj ET Q q 0 0 0 rg BT 101.25 406.60 Td (management ) Tj ET Q q 0 0 0 rg BT 148.99 406.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.74 406.60 Td (our ) Tj ET Q q 0 0 0 rg BT 177.49 406.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 223.23 406.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 260.47 406.60 Td (public ) Tj ET Q q 0 0 0 rg BT 284.72 406.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 325.96 406.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 343.21 406.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.97 406.60 Td (report ) Tj ET Q q 0 0 0 rg BT 375.21 406.60 Td (on ) Tj ET Q q 0 0 0 rg BT 385.97 406.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.72 406.60 Td (ef) Tj ET Q q 0 0 0 rg BT 405.55 406.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 447.29 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.54 406.60 Td (our ) Tj ET Q q 0 0 0 rg BT 470.29 406.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 499.54 406.60 Td (control ) Tj ET Q q 0 0 0 rg BT 526.79 406.60 Td (over ) Tj ET Q q 0 0 0 rg BT 544.53 406.60 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.80 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 72.74 395.80 Td (as ) Tj ET Q q 0 0 0 rg BT 81.74 395.80 Td (required ) Tj ET Q q 0 0 0 rg BT 113.22 395.80 Td (by ) Tj ET Q q 0 0 0 rg BT 123.72 395.80 Td (Section404 ) Tj ET Q q 0 0 0 rg BT 167.96 395.80 Td (of ) Tj ET Q q 0 0 0 rg BT 176.96 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 189.46 395.80 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 248.10 395.80 Td (Act. ) Tj ET Q q 0 0 0 rg BT 264.85 395.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 280.34 395.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 323.32 395.80 Td (with ) Tj ET Q q 0 0 0 rg BT 340.82 395.80 Td (Section404 ) Tj ET Q q 0 0 0 rg BT 385.07 395.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 415.55 395.80 Td (that ) Tj ET Q q 0 0 0 rg BT 430.55 395.80 Td (we ) Tj ET Q q 0 0 0 rg BT 442.54 395.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 462.54 395.80 Td (substantial ) Tj ET Q q 0 0 0 rg BT 502.53 395.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 543.52 395.80 Td (expenses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 385.00 Td (expend ) Tj ET Q q 0 0 0 rg BT 79.48 385.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 119.72 385.00 Td (management ) Tj ET Q q 0 0 0 rg BT 167.95 385.00 Td (ef) Tj ET Q q 0 0 0 rg BT 174.78 385.00 Td (forts.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 357.40 Td (An ) Tj ET Q q 0 0 0 rg BT 49.26 357.40 Td (active ) Tj ET Q q 0 0 0 rg BT 72.99 357.40 Td (and ) Tj ET Q q 0 0 0 rg BT 89.25 357.40 Td (liquid ) Tj ET Q q 0 0 0 rg BT 113.01 357.40 Td (market ) Tj ET Q q 0 0 0 rg BT 141.25 357.40 Td (for ) Tj ET Q q 0 0 0 rg BT 154.50 357.40 Td (our ) Tj ET Q q 0 0 0 rg BT 169.76 357.40 Td (common ) Tj ET Q q 0 0 0 rg BT 204.01 357.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.27 357.40 Td (may ) Tj ET Q q 0 0 0 rg BT 248.01 357.40 Td (not ) Tj ET Q q 0 0 0 rg BT 262.27 357.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 292.50 357.40 Td (or ) Tj ET Q q 0 0 0 rg BT 302.76 357.40 Td (be ) Tj ET Q q 0 0 0 rg BT 313.50 357.40 Td (sustained ) Tj ET Q q 0 0 0 rg BT 350.76 357.40 Td (and ) Tj ET Q q 0 0 0 rg BT 367.02 357.40 Td (the ) Tj ET Q q 0 0 0 rg BT 380.77 357.40 Td (price ) Tj ET Q q 0 0 0 rg BT 401.51 357.40 Td (of ) Tj ET Q q 0 0 0 rg BT 411.26 357.40 Td (our ) Tj ET Q q 0 0 0 rg BT 426.52 357.40 Td (common ) Tj ET Q q 0 0 0 rg BT 460.77 357.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 487.02 357.40 Td (may ) Tj ET Q q 0 0 0 rg BT 504.77 357.40 Td (be ) Tj ET Q q 0 0 0 rg BT 515.51 357.40 Td (highly ) Tj ET Q q 0 0 0 rg BT 541.27 357.40 Td (volatile. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 343.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.54 343.60 Td (common ) Tj ET Q q 0 0 0 rg BT 86.57 343.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 111.61 343.60 Td (have ) Tj ET Q q 0 0 0 rg BT 131.14 343.60 Td (only ) Tj ET Q q 0 0 0 rg BT 149.68 343.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 174.71 343.60 Td (on ) Tj ET Q q 0 0 0 rg BT 186.25 343.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.78 343.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 225.83 343.60 Td (since ) Tj ET Q q 0 0 0 rg BT 246.86 343.60 Td (January ) Tj ET Q q 0 0 0 rg BT 277.39 343.60 Td (29, ) Tj ET Q q 0 0 0 rg BT 291.18 343.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 311.72 343.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.26 343.60 Td (on ) Tj ET Q q 0 0 0 rg BT 338.80 343.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.33 343.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 394.86 343.60 Td (OTC ) Tj ET Q q 0 0 0 rg BT 415.40 343.60 Td (List ) Tj ET Q q 0 0 0 rg BT 431.94 343.60 Td (since ) Tj ET Q q 0 0 0 rg BT 452.98 343.60 Td (February ) Tj ET Q q 0 0 0 rg BT 488.01 343.60 Td (24, ) Tj ET Q q 0 0 0 rg BT 501.80 343.60 Td (201) Tj ET Q q 0 0 0 rg BT 514.96 343.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 524.25 343.60 Td ( ) Tj ET Q q 0 0 0 rg BT 526.24 343.60 Td (Active, ) Tj ET Q q 0 0 0 rg BT 555.02 343.60 Td (liquid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.80 Td (trading ) Tj ET Q q 0 0 0 rg BT 63.50 332.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 93.99 332.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 129.48 332.80 Td (result ) Tj ET Q q 0 0 0 rg BT 151.48 332.80 Td (in ) Tj ET Q q 0 0 0 rg BT 160.48 332.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 182.98 332.80 Td (bid ) Tj ET Q q 0 0 0 rg BT 196.49 332.80 Td (ask ) Tj ET Q q 0 0 0 rg BT 210.49 332.80 Td (spreads ) Tj ET Q q 0 0 0 rg BT 239.48 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 254.48 332.80 Td (more ) Tj ET Q q 0 0 0 rg BT 274.98 332.80 Td (ef) Tj ET Q q 0 0 0 rg BT 281.81 332.80 Td (ficient ) Tj ET Q q 0 0 0 rg BT 306.80 332.80 Td (execution ) Tj ET Q q 0 0 0 rg BT 343.79 332.80 Td (of ) Tj ET Q q 0 0 0 rg BT 353.29 332.80 Td (buy ) Tj ET Q q 0 0 0 rg BT 368.80 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 383.80 332.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 398.30 332.80 Td (orders ) Tj ET Q q 0 0 0 rg BT 422.80 332.80 Td (for ) Tj ET Q q 0 0 0 rg BT 435.30 332.80 Td (market ) Tj ET Q q 0 0 0 rg BT 462.29 332.80 Td (participants. ) Tj ET Q q 0 0 0 rg BT 508.53 332.80 Td (If ) Tj ET Q q 0 0 0 rg BT 516.53 332.80 Td (an ) Tj ET Q q 0 0 0 rg BT 527.03 332.80 Td (active ) Tj ET Q q 0 0 0 rg BT 550.52 332.80 Td (trading ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 322.00 Td (market ) Tj ET Q q 0 0 0 rg BT 62.99 322.00 Td (for ) Tj ET Q q 0 0 0 rg BT 75.49 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.49 322.00 Td (common ) Tj ET Q q 0 0 0 rg BT 121.98 322.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 146.48 322.00 Td (does ) Tj ET Q q 0 0 0 rg BT 164.98 322.00 Td (not ) Tj ET Q q 0 0 0 rg BT 178.48 322.00 Td (develop, ) Tj ET Q q 0 0 0 rg BT 211.22 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.22 322.00 Td (price ) Tj ET Q q 0 0 0 rg BT 244.21 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 253.71 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.71 322.00 Td (common ) Tj ET Q q 0 0 0 rg BT 300.21 322.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 324.70 322.00 Td (may ) Tj ET Q q 0 0 0 rg BT 342.20 322.00 Td (be ) Tj ET Q q 0 0 0 rg BT 352.70 322.00 Td (more ) Tj ET Q q 0 0 0 rg BT 373.19 322.00 Td (volatile ) Tj ET Q q 0 0 0 rg BT 402.19 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 417.19 322.00 Td (it ) Tj ET Q q 0 0 0 rg BT 424.19 322.00 Td (may ) Tj ET Q q 0 0 0 rg BT 441.69 322.00 Td (be ) Tj ET Q q 0 0 0 rg BT 452.18 322.00 Td (more ) Tj ET Q q 0 0 0 rg BT 472.68 322.00 Td (dif) Tj ET Q q 0 0 0 rg BT 482.51 322.00 Td (ficult ) Tj ET Q q 0 0 0 rg BT 503.51 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 518.51 322.00 Td (time ) Tj ET Q q 0 0 0 rg BT 536.51 322.00 Td (consuming ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.20 Td (to ) Tj ET Q q 0 0 0 rg BT 45.17 311.20 Td (complete ) Tj ET Q q 0 0 0 rg BT 80.33 311.20 Td (a ) Tj ET Q q 0 0 0 rg BT 86.49 311.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 128.15 311.20 Td (in ) Tj ET Q q 0 0 0 rg BT 137.32 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 150.49 311.20 Td (common ) Tj ET Q q 0 0 0 rg BT 184.15 311.20 Td (shares, ) Tj ET Q q 0 0 0 rg BT 211.06 311.20 Td (which ) Tj ET Q q 0 0 0 rg BT 235.23 311.20 Td (could ) Tj ET Q q 0 0 0 rg BT 257.40 311.20 Td (have ) Tj ET Q q 0 0 0 rg BT 276.56 311.20 Td (an ) Tj ET Q q 0 0 0 rg BT 287.22 311.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 316.88 311.20 Td (ef) Tj ET Q q 0 0 0 rg BT 323.71 311.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 339.36 311.20 Td (on ) Tj ET Q q 0 0 0 rg BT 350.53 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 363.70 311.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 394.35 311.20 Td (price ) Tj ET Q q 0 0 0 rg BT 414.51 311.20 Td (of ) Tj ET Q q 0 0 0 rg BT 424.17 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 437.34 311.20 Td (common ) Tj ET Q q 0 0 0 rg BT 471.01 311.20 Td (shares. ) Tj ET Q q 0 0 0 rg BT 497.76 311.20 Td (W) Tj ET Q q 0 0 0 rg BT 505.54 311.20 Td (e ) Tj ET Q q 0 0 0 rg BT 511.70 311.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 537.86 311.20 Td (predict ) Tj ET Q q 0 0 0 rg BT 565.02 311.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.40 Td (price ) Tj ET Q q 0 0 0 rg BT 56.24 300.40 Td (at ) Tj ET Q q 0 0 0 rg BT 64.98 300.40 Td (which ) Tj ET Q q 0 0 0 rg BT 89.23 300.40 Td (our ) Tj ET Q q 0 0 0 rg BT 103.47 300.40 Td (common ) Tj ET Q q 0 0 0 rg BT 137.22 300.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.96 300.40 Td (will ) Tj ET Q q 0 0 0 rg BT 178.21 300.40 Td (trade.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 272.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.75 272.80 Td (market ) Tj ET Q q 0 0 0 rg BT 80.49 272.80 Td (price ) Tj ET Q q 0 0 0 rg BT 101.24 272.80 Td (of ) Tj ET Q q 0 0 0 rg BT 111.49 272.80 Td (our ) Tj ET Q q 0 0 0 rg BT 126.24 272.80 Td (common ) Tj ET Q q 0 0 0 rg BT 160.49 272.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 185.74 272.80 Td (has ) Tj ET Q q 0 0 0 rg BT 200.50 272.80 Td (fluctuated ) Tj ET Q q 0 0 0 rg BT 239.23 272.80 Td (widely ) Tj ET Q q 0 0 0 rg BT 266.49 272.80 Td (and ) Tj ET Q q 0 0 0 rg BT 282.24 272.80 Td (may ) Tj ET Q q 0 0 0 rg BT 300.49 272.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 334.23 272.80 Td (to ) Tj ET Q q 0 0 0 rg BT 343.99 272.80 Td (do ) Tj ET Q q 0 0 0 rg BT 355.75 272.80 Td (so ) Tj ET Q q 0 0 0 rg BT 366.51 272.80 Td (in ) Tj ET Q q 0 0 0 rg BT 376.26 272.80 Td (response ) Tj ET Q q 0 0 0 rg BT 410.51 272.80 Td (to ) Tj ET Q q 0 0 0 rg BT 420.27 272.80 Td (many ) Tj ET Q q 0 0 0 rg BT 443.02 272.80 Td (factors, ) Tj ET Q q 0 0 0 rg BT 472.51 272.80 Td (such ) Tj ET Q q 0 0 0 rg BT 491.77 272.80 Td (as ) Tj ET Q q 0 0 0 rg BT 502.02 272.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 526.26 272.80 Td (or ) Tj ET Q q 0 0 0 rg BT 536.51 272.80 Td (anticipated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 262.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 80.89 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 90.29 262.00 Td (our ) Tj ET Q q 0 0 0 rg BT 104.68 262.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 141.07 262.00 Td (results, ) Tj ET Q q 0 0 0 rg BT 169.22 262.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 200.60 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 210.00 262.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.88 262.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 279.77 262.00 Td (by ) Tj ET Q q 0 0 0 rg BT 291.17 262.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 327.55 262.00 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 361.20 262.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 398.58 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 413.97 262.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 453.36 262.00 Td (trends, ) Tj ET Q q 0 0 0 rg BT 480.00 262.00 Td (general ) Tj ET Q q 0 0 0 rg BT 508.88 262.00 Td (market ) Tj ET Q q 0 0 0 rg BT 536.26 262.00 Td (conditions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 251.20 Td (rumors ) Tj ET Q q 0 0 0 rg BT 64.01 251.20 Td (and ) Tj ET Q q 0 0 0 rg BT 79.52 251.20 Td (other ) Tj ET Q q 0 0 0 rg BT 100.52 251.20 Td (factors, ) Tj ET Q q 0 0 0 rg BT 129.77 251.20 Td (many ) Tj ET Q q 0 0 0 rg BT 152.27 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 162.28 251.20 Td (which ) Tj ET Q q 0 0 0 rg BT 186.79 251.20 Td (are ) Tj ET Q q 0 0 0 rg BT 200.29 251.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 229.29 251.20 Td (our ) Tj ET Q q 0 0 0 rg BT 243.80 251.20 Td (control. ) Tj ET Q q 0 0 0 rg BT 274.06 251.20 Td (Further) Tj ET Q q 0 0 0 rg BT 300.19 251.20 Td (, ) Tj ET Q q 0 0 0 rg BT 304.95 251.20 Td (there ) Tj ET Q q 0 0 0 rg BT 325.45 251.20 Td (may ) Tj ET Q q 0 0 0 rg BT 343.46 251.20 Td (be ) Tj ET Q q 0 0 0 rg BT 354.46 251.20 Td (no ) Tj ET Q q 0 0 0 rg BT 365.98 251.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 406.98 251.20 Td (active ) Tj ET Q q 0 0 0 rg BT 430.98 251.20 Td (or ) Tj ET Q q 0 0 0 rg BT 440.99 251.20 Td (liquid ) Tj ET Q q 0 0 0 rg BT 464.50 251.20 Td (public ) Tj ET Q q 0 0 0 rg BT 489.51 251.20 Td (market ) Tj ET Q q 0 0 0 rg BT 517.01 251.20 Td (for ) Tj ET Q q 0 0 0 rg BT 530.01 251.20 Td (our ) Tj ET Q q 0 0 0 rg BT 544.52 251.20 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 240.40 Td (shares. ) Tj ET Q q 0 0 0 rg BT 62.91 240.40 Td (If ) Tj ET Q q 0 0 0 rg BT 71.08 240.40 Td (an ) Tj ET Q q 0 0 0 rg BT 81.75 240.40 Td (active ) Tj ET Q q 0 0 0 rg BT 105.41 240.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 133.07 240.40 Td (market ) Tj ET Q q 0 0 0 rg BT 160.23 240.40 Td (for ) Tj ET Q q 0 0 0 rg BT 172.90 240.40 Td (our ) Tj ET Q q 0 0 0 rg BT 187.07 240.40 Td (common ) Tj ET Q q 0 0 0 rg BT 220.74 240.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 245.41 240.40 Td (does ) Tj ET Q q 0 0 0 rg BT 264.08 240.40 Td (not ) Tj ET Q q 0 0 0 rg BT 277.75 240.40 Td (continue, ) Tj ET Q q 0 0 0 rg BT 313.16 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 326.33 240.40 Td (price ) Tj ET Q q 0 0 0 rg BT 346.49 240.40 Td (of ) Tj ET Q q 0 0 0 rg BT 356.16 240.40 Td (our ) Tj ET Q q 0 0 0 rg BT 370.33 240.40 Td (common ) Tj ET Q q 0 0 0 rg BT 404.00 240.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 428.67 240.40 Td (may ) Tj ET Q q 0 0 0 rg BT 446.34 240.40 Td (be ) Tj ET Q q 0 0 0 rg BT 457.00 240.40 Td (more ) Tj ET Q q 0 0 0 rg BT 477.67 240.40 Td (volatile ) Tj ET Q q 0 0 0 rg BT 506.83 240.40 Td (and ) Tj ET Q q 0 0 0 rg BT 522.00 240.40 Td (it ) Tj ET Q q 0 0 0 rg BT 529.18 240.40 Td (may ) Tj ET Q q 0 0 0 rg BT 546.84 240.40 Td (be ) Tj ET Q q 0 0 0 rg BT 557.51 240.40 Td (more ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.60 Td (dif) Tj ET Q q 0 0 0 rg BT 45.83 229.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 67.05 229.60 Td (and ) Tj ET Q q 0 0 0 rg BT 82.26 229.60 Td (time ) Tj ET Q q 0 0 0 rg BT 100.48 229.60 Td (consuming ) Tj ET Q q 0 0 0 rg BT 142.19 229.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.41 229.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 186.62 229.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.83 229.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 234.54 229.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.76 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.97 229.60 Td (common ) Tj ET Q q 0 0 0 rg BT 290.69 229.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 317.65 229.60 Td (which ) Tj ET Q q 0 0 0 rg BT 341.86 229.60 Td (could ) Tj ET Q q 0 0 0 rg BT 364.07 229.60 Td (have ) Tj ET Q q 0 0 0 rg BT 383.28 229.60 Td (an ) Tj ET Q q 0 0 0 rg BT 394.00 229.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 423.70 229.60 Td (ef) Tj ET Q q 0 0 0 rg BT 430.53 229.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 446.23 229.60 Td (on ) Tj ET Q q 0 0 0 rg BT 457.45 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.67 229.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 501.36 229.60 Td (price ) Tj ET Q q 0 0 0 rg BT 521.57 229.60 Td (of ) Tj ET Q q 0 0 0 rg BT 531.29 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.50 229.60 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 218.80 Td (shares. ) Tj ET Q q 0 0 0 rg BT 62.29 218.80 Td (An ) Tj ET Q q 0 0 0 rg BT 75.28 218.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 104.76 218.80 Td (development ) Tj ET Q q 0 0 0 rg BT 153.23 218.80 Td (in ) Tj ET Q q 0 0 0 rg BT 162.22 218.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.21 218.80 Td (market ) Tj ET Q q 0 0 0 rg BT 202.19 218.80 Td (price ) Tj ET Q q 0 0 0 rg BT 222.17 218.80 Td (for ) Tj ET Q q 0 0 0 rg BT 234.65 218.80 Td (our ) Tj ET Q q 0 0 0 rg BT 248.64 218.80 Td (common ) Tj ET Q q 0 0 0 rg BT 282.12 218.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 306.61 218.80 Td (could ) Tj ET Q q 0 0 0 rg BT 328.59 218.80 Td (negatively ) Tj ET Q q 0 0 0 rg BT 368.07 218.80 Td (af) Tj ET Q q 0 0 0 rg BT 374.90 218.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 390.38 218.80 Td (our ) Tj ET Q q 0 0 0 rg BT 404.36 218.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 429.35 218.80 Td (to ) Tj ET Q q 0 0 0 rg BT 438.34 218.80 Td (issue ) Tj ET Q q 0 0 0 rg BT 458.33 218.80 Td (new ) Tj ET Q q 0 0 0 rg BT 475.32 218.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 499.80 218.80 Td (to ) Tj ET Q q 0 0 0 rg BT 508.79 218.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 527.28 218.80 Td (our ) Tj ET Q q 0 0 0 rg BT 541.27 218.80 Td (activities. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.00 Td (For ) Tj ET Q q 0 0 0 rg BT 50.75 208.00 Td (our ) Tj ET Q q 0 0 0 rg BT 65.00 208.00 Td (share ) Tj ET Q q 0 0 0 rg BT 86.24 208.00 Td (price ) Tj ET Q q 0 0 0 rg BT 106.48 208.00 Td (history) Tj ET Q q 0 0 0 rg BT 130.89 208.00 Td (, ) Tj ET Q q 0 0 0 rg BT 135.39 208.00 Td (please ) Tj ET Q q 0 0 0 rg BT 160.13 208.00 Td (see ) Tj ET Q q 0 0 0 rg BT 173.87 208.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 196.61 208.00 Td (9. ) Tj ET Q q 0 0 0 rg BT 205.44 208.00 Td (The ) Tj ET Q q 0 0 0 rg BT 221.69 208.00 Td (Of) Tj ET Q q 0 0 0 rg BT 231.02 208.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 243.26 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 258.50 208.00 Td (ListingA. ) Tj ET Q q 0 0 0 rg BT 304.00 208.00 Td (Of) Tj ET Q q 0 0 0 rg BT 313.34 208.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 325.58 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 340.82 208.00 Td (Listing ) Tj ET Q q 0 0 0 rg BT 368.57 208.00 Td (Details.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 179.20 Td (ITEM 4. ) Tj ET Q q 0 0 0 rg BT 108.00 179.20 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 156.14 179.20 Td (TION ON ) Tj ET Q q 0 0 0 rg BT 201.52 179.20 Td (THE COMP) Tj ET Q q 0 0 0 rg BT 254.94 179.20 Td (ANY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 150.40 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 150.40 Td (History and Development of the Company) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 122.80 Td (The Company) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 109.00 Td (North ) Tj ET Q q 0 0 0 rg BT 58.93 109.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 90.40 109.00 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 121.38 109.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 138.60 109.00 Td (was ) Tj ET Q q 0 0 0 rg BT 155.08 109.00 Td (formed ) Tj ET Q q 0 0 0 rg BT 183.55 109.00 Td (as ) Tj ET Q q 0 0 0 rg BT 193.53 109.00 Td (an ) Tj ET Q q 0 0 0 rg BT 204.50 109.00 Td (exempted ) Tj ET Q q 0 0 0 rg BT 241.96 109.00 Td (company ) Tj ET Q q 0 0 0 rg BT 277.43 109.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 305.41 109.00 Td (by ) Tj ET Q q 0 0 0 rg BT 316.89 109.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.86 109.00 Td (under ) Tj ET Q q 0 0 0 rg BT 364.83 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.31 109.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 397.28 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 407.26 109.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 442.73 109.00 Td (on ) Tj ET Q q 0 0 0 rg BT 454.21 109.00 Td (February ) Tj ET Q q 0 0 0 rg BT 489.18 109.00 Td (10, ) Tj ET Q q 0 0 0 rg BT 502.91 109.00 Td (201) Tj ET Q q 0 0 0 rg BT 516.07 109.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 525.30 109.00 Td (by ) Tj ET Q q 0 0 0 rg BT 536.78 109.00 Td (our ) Tj ET Q q 0 0 0 rg BT 551.26 109.00 Td (parent, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 98.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.46 98.20 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 97.93 98.20 Td (SDRL\), ) Tj ET Q q 0 0 0 rg BT 128.65 98.20 Td (as ) Tj ET Q q 0 0 0 rg BT 138.61 98.20 Td (a ) Tj ET Q q 0 0 0 rg BT 145.08 98.20 Td (new ) Tj ET Q q 0 0 0 rg BT 162.54 98.20 Td (of) Tj ET Q q 0 0 0 rg BT 169.87 98.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 194.83 98.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 223.80 98.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 263.26 98.20 Td (focused ) Tj ET Q q 0 0 0 rg BT 293.72 98.20 Td (on ) Tj ET Q q 0 0 0 rg BT 305.19 98.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 345.15 98.20 Td (in ) Tj ET Q q 0 0 0 rg BT 354.61 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 368.08 98.20 Td (North ) Tj ET Q q 0 0 0 rg BT 391.00 98.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 422.45 98.20 Td (Region, ) Tj ET Q q 0 0 0 rg BT 453.17 98.20 Td (which ) Tj ET Q q 0 0 0 rg BT 477.63 98.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 510.09 98.20 Td (only ) Tj ET Q q 0 0 0 rg BT 528.56 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 98.20 Td (territorial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 87.40 Td (waters ) Tj ET Q q 0 0 0 rg BT 61.58 87.40 Td (and ) Tj ET Q q 0 0 0 rg BT 76.66 87.40 Td (outer ) Tj ET Q q 0 0 0 rg BT 97.24 87.40 Td (continental ) Tj ET Q q 0 0 0 rg BT 139.31 87.40 Td (shelf ) Tj ET Q q 0 0 0 rg BT 158.89 87.40 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 201.98 87.40 Td (of ) Tj ET Q q 0 0 0 rg BT 211.56 87.40 Td (Norway) Tj ET Q q 0 0 0 rg BT 239.97 87.40 Td (, ) Tj ET Q q 0 0 0 rg BT 244.31 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 257.39 87.40 Td (United ) Tj ET Q q 0 0 0 rg BT 283.97 87.40 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 322.31 87.40 Td (Ireland, ) Tj ET Q q 0 0 0 rg BT 352.13 87.40 Td (Denmark, ) Tj ET Q q 0 0 0 rg BT 389.95 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 403.04 87.40 Td (Netherlands, ) Tj ET Q q 0 0 0 rg BT 450.86 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.94 87.40 Td (east ) Tj ET Q q 0 0 0 rg BT 480.02 87.40 Td (coast ) Tj ET Q q 0 0 0 rg BT 500.60 87.40 Td (of ) Tj ET Q q 0 0 0 rg BT 510.18 87.40 Td (Greenland, ) Tj ET Q q 0 0 0 rg BT 552.00 87.40 Td (Russia ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 76.60 Td (\(west ) Tj ET Q q 0 0 0 rg BT 57.46 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 66.92 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 79.87 76.60 Td (island ) Tj ET Q q 0 0 0 rg BT 103.33 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.79 76.60 Td (Diksonskiy\), ) Tj ET Q q 0 0 0 rg BT 161.01 76.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.97 76.60 Td (all ) Tj ET Q q 0 0 0 rg BT 186.92 76.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 221.88 76.60 Td (within ) Tj ET Q q 0 0 0 rg BT 246.84 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.80 76.60 Td (Baltic ) Tj ET Q q 0 0 0 rg BT 283.25 76.60 Td (Sea ) Tj ET Q q 0 0 0 rg BT 298.21 76.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.17 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.12 76.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 344.58 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.04 76.60 Td (Bothnia. ) Tj ET Q q 0 0 0 rg BT 386.75 76.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.72 76.60 Td (On ) Tj ET Q q 0 0 0 rg BT 401.68 76.60 Td (February ) Tj ET Q q 0 0 0 rg BT 436.13 76.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 449.34 76.60 Td (201) Tj ET Q q 0 0 0 rg BT 462.51 76.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 471.22 76.60 Td (we ) Tj ET Q q 0 0 0 rg BT 483.68 76.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 512.12 76.60 Td (into ) Tj ET Q q 0 0 0 rg BT 528.08 76.60 Td (an ) Tj ET Q q 0 0 0 rg BT 538.54 76.60 Td (agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 65.80 Td (with ) Tj ET Q q 0 0 0 rg BT 54.17 65.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 84.33 65.80 Td (to ) Tj ET Q q 0 0 0 rg BT 93.50 65.80 Td (acquire ) Tj ET Q q 0 0 0 rg BT 122.16 65.80 Td (six ) Tj ET Q q 0 0 0 rg BT 134.83 65.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 156.49 65.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 204.15 65.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 232.82 65.80 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 250.74 65.80 Td (including ) Tj ET Q q 0 0 0 rg BT 286.90 65.80 Td (all ) Tj ET Q q 0 0 0 rg BT 298.07 65.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 329.22 65.80 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 366.13 65.80 Td (spares, ) Tj ET Q q 0 0 0 rg BT 393.04 65.80 Td (stores ) Tj ET Q q 0 0 0 rg BT 416.20 65.80 Td (and ) Tj ET Q q 0 0 0 rg BT 431.37 65.80 Td (of) Tj ET Q q 0 0 0 rg BT 438.70 65.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 463.36 65.80 Td (personnel ) Tj ET Q q 0 0 0 rg BT 500.52 65.80 Td (related ) Tj ET Q q 0 0 0 rg BT 527.18 65.80 Td (to ) Tj ET Q q 0 0 0 rg BT 536.35 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 549.51 65.80 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 55.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 54.51 55.00 Td (which ) Tj ET Q q 0 0 0 rg BT 79.26 55.00 Td (we ) Tj ET Q q 0 0 0 rg BT 92.50 55.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 112.24 55.00 Td (to ) Tj ET Q q 0 0 0 rg BT 122.00 55.00 Td (as ) Tj ET Q q 0 0 0 rg BT 132.25 55.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.00 55.00 Td (North ) Tj ET Q q 0 0 0 rg BT 169.14 55.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 200.89 55.00 Td (Restructuring. ) Tj ET Q q 0 0 0 rg BT 254.69 55.00 Td (The ) Tj ET Q q 0 0 0 rg BT 271.43 55.00 Td (North ) Tj ET Q q 0 0 0 rg BT 294.58 55.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 326.32 55.00 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 378.07 55.00 Td (closed ) Tj ET Q q 0 0 0 rg BT 403.82 55.00 Td (on ) Tj ET Q q 0 0 0 rg BT 415.57 55.00 Td (March ) Tj ET Q q 0 0 0 rg BT 441.82 55.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 455.82 55.00 Td (201) Tj ET Q q 0 0 0 rg BT 468.99 55.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 476.24 55.00 Td (and ) Tj ET Q q 0 0 0 rg BT 491.99 55.00 Td (our ) Tj ET Q q 0 0 0 rg BT 506.75 55.00 Td (business ) Tj ET Q q 0 0 0 rg BT 540.00 55.00 Td (is ) Tj ET Q q 0 0 0 rg BT 548.76 55.00 Td (a ) Tj ET Q q 0 0 0 rg BT 555.51 55.00 Td (direct ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 44.20 Td (continuation ) Tj ET Q q 0 0 0 rg BT 83.32 44.20 Td (of ) Tj ET Q q 0 0 0 rg BT 93.14 44.20 Td (the ) Tj ET Q q 0 0 0 rg BT 106.47 44.20 Td (North ) Tj ET Q q 0 0 0 rg BT 129.28 44.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 160.60 44.20 Td (business ) Tj ET Q q 0 0 0 rg BT 193.43 44.20 Td (of ) Tj ET Q q 0 0 0 rg BT 203.25 44.20 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 235.66 44.20 Td (W) Tj ET Q q 0 0 0 rg BT 243.43 44.20 Td (e ) Tj ET Q q 0 0 0 rg BT 249.75 44.20 Td (did ) Tj ET Q q 0 0 0 rg BT 263.58 44.20 Td (not ) Tj ET Q q 0 0 0 rg BT 277.41 44.20 Td (engage ) Tj ET Q q 0 0 0 rg BT 305.22 44.20 Td (in ) Tj ET Q q 0 0 0 rg BT 314.55 44.20 Td (any ) Tj ET Q q 0 0 0 rg BT 329.87 44.20 Td (business ) Tj ET Q q 0 0 0 rg BT 362.70 44.20 Td (or ) Tj ET Q q 0 0 0 rg BT 372.53 44.20 Td (other ) Tj ET Q q 0 0 0 rg BT 393.35 44.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 428.17 44.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 447.99 44.20 Td (to ) Tj ET Q q 0 0 0 rg BT 457.32 44.20 Td (the ) Tj ET Q q 0 0 0 rg BT 470.64 44.20 Td (North ) Tj ET Q q 0 0 0 rg BT 493.45 44.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 524.77 44.20 Td (Restructuring, ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (except ) Tj ET Q q 0 0 0 rg BT 61.26 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 70.04 749.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 111.30 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 129.07 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 142.84 749.80 Td (formation. ) Tj ET Q q 0 0 0 rg BT 182.23 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 198.00 749.80 Td (North ) Tj ET Q q 0 0 0 rg BT 220.38 749.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 251.15 749.80 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 301.91 749.80 Td (was ) Tj ET Q q 0 0 0 rg BT 317.68 749.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 344.96 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 353.73 749.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 381.50 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 396.77 749.80 Td (were ) Tj ET Q q 0 0 0 rg BT 416.03 749.80 Td (under ) Tj ET Q q 0 0 0 rg BT 438.30 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 451.07 749.80 Td (control ) Tj ET Q q 0 0 0 rg BT 478.34 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 487.61 749.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 517.38 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 532.15 749.80 Td (its ) Tj ET Q q 0 0 0 rg BT 542.43 749.80 Td (af) Tj ET Q q 0 0 0 rg BT 549.26 749.80 Td (filiates, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 53.49 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 63.24 739.00 Td (such, ) Tj ET Q q 0 0 0 rg BT 84.24 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.48 739.00 Td (North ) Tj ET Q q 0 0 0 rg BT 120.23 739.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 151.48 739.00 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 202.72 739.00 Td (was ) Tj ET Q q 0 0 0 rg BT 218.96 739.00 Td (accounted ) Tj ET Q q 0 0 0 rg BT 257.69 739.00 Td (for ) Tj ET Q q 0 0 0 rg BT 270.44 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 280.18 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 286.43 739.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 328.16 739.00 Td (between ) Tj ET Q q 0 0 0 rg BT 360.40 739.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 388.64 739.00 Td (under ) Tj ET Q q 0 0 0 rg BT 411.38 739.00 Td (common ) Tj ET Q q 0 0 0 rg BT 445.13 739.00 Td (control. ) Tj ET Q q 0 0 0 rg BT 475.12 739.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.64 711.40 Td (February ) Tj ET Q q 0 0 0 rg BT 80.27 711.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 102.66 711.40 Td (we ) Tj ET Q q 0 0 0 rg BT 115.29 711.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 154.92 711.40 Td (our ) Tj ET Q q 0 0 0 rg BT 169.06 711.40 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 217.18 711.40 Td (initial ) Tj ET Q q 0 0 0 rg BT 240.32 711.40 Td (public ) Tj ET Q q 0 0 0 rg BT 264.96 711.40 Td (of) Tj ET Q q 0 0 0 rg BT 272.29 711.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 295.92 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 305.56 711.40 Td (13,513,514 ) Tj ET Q q 0 0 0 rg BT 348.20 711.40 Td (common ) Tj ET Q q 0 0 0 rg BT 381.84 711.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 406.47 711.40 Td (at ) Tj ET Q q 0 0 0 rg BT 415.11 711.40 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 437.50 711.40 Td (per ) Tj ET Q q 0 0 0 rg BT 451.13 711.40 Td (share. ) Tj ET Q q 0 0 0 rg BT 474.36 711.40 Td (W) Tj ET Q q 0 0 0 rg BT 482.13 711.40 Td (e ) Tj ET Q q 0 0 0 rg BT 488.27 711.40 Td (also ) Tj ET Q q 0 0 0 rg BT 504.91 711.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 544.53 711.40 Td (our ) Tj ET Q q 0 0 0 rg BT 558.67 711.40 Td (of) Tj ET Q q 0 0 0 rg BT 566.01 711.40 Td (fer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.83 700.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 82.63 700.60 Td (all ) Tj ET Q q 0 0 0 rg BT 94.45 700.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.77 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.60 700.60 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 165.90 700.60 Td (common ) Tj ET Q q 0 0 0 rg BT 200.22 700.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 225.54 700.60 Td (that ) Tj ET Q q 0 0 0 rg BT 241.86 700.60 Td (we ) Tj ET Q q 0 0 0 rg BT 255.18 700.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 296.00 700.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 321.33 700.60 Td (in ) Tj ET Q q 0 0 0 rg BT 331.15 700.60 Td (our ) Tj ET Q q 0 0 0 rg BT 345.98 700.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 366.30 700.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 391.62 700.60 Td (private ) Tj ET Q q 0 0 0 rg BT 419.43 700.60 Td (placements ) Tj ET Q q 0 0 0 rg BT 462.74 700.60 Td (\(other ) Tj ET Q q 0 0 0 rg BT 487.05 700.60 Td (than ) Tj ET Q q 0 0 0 rg BT 505.38 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.20 700.60 Td (common ) Tj ET Q q 0 0 0 rg BT 553.52 700.60 Td (shares ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 62.15 689.80 Td (by ) Tj ET Q q 0 0 0 rg BT 73.30 689.80 Td (af) Tj ET Q q 0 0 0 rg BT 80.13 689.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 106.77 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.42 689.80 Td (ours\) ) Tj ET Q q 0 0 0 rg BT 137.07 689.80 Td (for ) Tj ET Q q 0 0 0 rg BT 149.72 689.80 Td (common ) Tj ET Q q 0 0 0 rg BT 183.36 689.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 208.01 689.80 Td (that ) Tj ET Q q 0 0 0 rg BT 223.66 689.80 Td (have ) Tj ET Q q 0 0 0 rg BT 242.80 689.80 Td (been ) Tj ET Q q 0 0 0 rg BT 261.94 689.80 Td (registered ) Tj ET Q q 0 0 0 rg BT 299.57 689.80 Td (under ) Tj ET Q q 0 0 0 rg BT 322.22 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 689.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 372.53 689.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 387.68 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 397.33 689.80 Td (1933, ) Tj ET Q q 0 0 0 rg BT 419.73 689.80 Td (or ) Tj ET Q q 0 0 0 rg BT 429.38 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 442.53 689.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 479.69 689.80 Td (Act, ) Tj ET Q q 0 0 0 rg BT 497.09 689.80 Td (in ) Tj ET Q q 0 0 0 rg BT 506.24 689.80 Td (which ) Tj ET Q q 0 0 0 rg BT 530.39 689.80 Td (an ) Tj ET Q q 0 0 0 rg BT 541.04 689.80 Td (aggregate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.17 679.00 Td (53,068,404 ) Tj ET Q q 0 0 0 rg BT 87.34 679.00 Td (common ) Tj ET Q q 0 0 0 rg BT 120.50 679.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 144.66 679.00 Td (were ) Tj ET Q q 0 0 0 rg BT 163.82 679.00 Td (validly ) Tj ET Q q 0 0 0 rg BT 190.49 679.00 Td (tendered ) Tj ET Q q 0 0 0 rg BT 223.14 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 237.80 679.00 Td (exchanged. ) Tj ET Q q 0 0 0 rg BT 280.20 679.00 Td ( ) Tj ET Q q 0 0 0 rg BT 281.87 679.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 297.54 679.00 Td (common ) Tj ET Q q 0 0 0 rg BT 330.70 679.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 354.86 679.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 374.52 679.00 Td (on ) Tj ET Q q 0 0 0 rg BT 385.19 679.00 Td (the ) Tj ET Q q 0 0 0 rg BT 397.85 679.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 423.03 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 437.69 679.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 479.35 679.00 Td (OTC ) Tj ET Q q 0 0 0 rg BT 499.02 679.00 Td (List ) Tj ET Q q 0 0 0 rg BT 514.69 679.00 Td (under ) Tj ET Q q 0 0 0 rg BT 536.85 679.00 Td (the ) Tj ET Q q 0 0 0 rg BT 549.51 679.00 Td (symbol ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (NADL.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td (On ) Tj ET Q q 0 0 0 rg BT 49.09 640.60 Td (December ) Tj ET Q q 0 0 0 rg BT 88.16 640.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 101.50 640.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 123.85 640.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.94 640.60 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 187.76 640.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.86 640.60 Td (a ) Tj ET Q q 0 0 0 rg BT 202.94 640.60 Td (special ) Tj ET Q q 0 0 0 rg BT 230.02 640.60 Td (general ) Tj ET Q q 0 0 0 rg BT 258.60 640.60 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 291.93 640.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 327.51 640.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.60 640.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 359.68 640.60 Td (reor) Tj ET Q q 0 0 0 rg BT 374.00 640.60 Td (ganization ) Tj ET Q q 0 0 0 rg BT 413.58 640.60 Td (including ) Tj ET Q q 0 0 0 rg BT 449.67 640.60 Td (a ) Tj ET Q q 0 0 0 rg BT 455.76 640.60 Td (1-for) Tj ET Q q 0 0 0 rg BT 473.57 640.60 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.56 640.60 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.56 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 487.66 640.60 Td (reverse ) Tj ET Q q 0 0 0 rg BT 515.73 640.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 536.82 640.60 Td (split ) Tj ET Q q 0 0 0 rg BT 554.42 640.60 Td (of ) Tj ET Q q 0 0 0 rg BT 564.01 640.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 61.01 629.80 Td (and ) Tj ET Q q 0 0 0 rg BT 76.52 629.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 121.03 629.80 Td (common ) Tj ET Q q 0 0 0 rg BT 155.04 629.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.05 629.80 Td (and ) Tj ET Q q 0 0 0 rg BT 195.56 629.80 Td (reducing ) Tj ET Q q 0 0 0 rg BT 229.56 629.80 Td (par ) Tj ET Q q 0 0 0 rg BT 243.56 629.80 Td (value ) Tj ET Q q 0 0 0 rg BT 265.57 629.80 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.57 629.80 Td ($5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.82 629.80 Td ( ) Tj ET Q q 0 0 0 rg BT 308.34 629.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.85 629.80 Td ($0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.10 629.80 Td (. ) Tj ET Q q 0 0 0 rg BT 342.68 629.80 Td (The ) Tj ET Q q 0 0 0 rg BT 359.19 629.80 Td (high ) Tj ET Q q 0 0 0 rg BT 377.70 629.80 Td (and ) Tj ET Q q 0 0 0 rg BT 393.21 629.80 Td (low ) Tj ET Q q 0 0 0 rg BT 409.23 629.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 433.23 629.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 470.23 629.80 Td (as ) Tj ET Q q 0 0 0 rg BT 480.24 629.80 Td (at ) Tj ET Q q 0 0 0 rg BT 489.25 629.80 Td (December ) Tj ET Q q 0 0 0 rg BT 528.74 629.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.50 629.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 563.01 629.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 55.74 619.00 Td (to ) Tj ET Q q 0 0 0 rg BT 65.00 619.00 Td (this ) Tj ET Q q 0 0 0 rg BT 80.25 619.00 Td (have ) Tj ET Q q 0 0 0 rg BT 99.49 619.00 Td (been ) Tj ET Q q 0 0 0 rg BT 118.73 619.00 Td (re-presented ) Tj ET Q q 0 0 0 rg BT 165.45 619.00 Td (to ) Tj ET Q q 0 0 0 rg BT 174.70 619.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 199.93 619.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.17 619.00 Td (change ) Tj ET Q q 0 0 0 rg BT 240.91 619.00 Td (from ) Tj ET Q q 0 0 0 rg BT 260.65 619.00 Td (the ) Tj ET Q q 0 0 0 rg BT 273.90 619.00 Td (1-for) Tj ET Q q 0 0 0 rg BT 291.71 619.00 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.71 619.00 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.71 619.00 Td ( ) Tj ET Q q 0 0 0 rg BT 305.96 619.00 Td (reverse ) Tj ET Q q 0 0 0 rg BT 334.19 619.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 355.43 619.00 Td (split.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 591.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.05 591.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 86.09 591.40 Td (executive ) Tj ET Q q 0 0 0 rg BT 122.63 591.40 Td (of) Tj ET Q q 0 0 0 rg BT 129.96 591.40 Td (fices ) Tj ET Q q 0 0 0 rg BT 149.01 591.40 Td (are ) Tj ET Q q 0 0 0 rg BT 162.05 591.40 Td (located ) Tj ET Q q 0 0 0 rg BT 190.09 591.40 Td (at ) Tj ET Q q 0 0 0 rg BT 198.64 591.40 Td (Par) Tj ET Q q 0 0 0 rg BT 210.45 591.40 Td (-la-V) Tj ET Q q 0 0 0 rg BT 228.90 591.40 Td (ille ) Tj ET Q q 0 0 0 rg BT 242.45 591.40 Td (Place, ) Tj ET Q q 0 0 0 rg BT 266.25 591.40 Td (4th ) Tj ET Q q 0 0 0 rg BT 279.80 591.40 Td (Floor) Tj ET Q q 0 0 0 rg BT 298.94 591.40 Td (, ) Tj ET Q q 0 0 0 rg BT 303.25 591.40 Td (14 ) Tj ET Q q 0 0 0 rg BT 314.30 591.40 Td (Par) Tj ET Q q 0 0 0 rg BT 326.12 591.40 Td (-la-V) Tj ET Q q 0 0 0 rg BT 344.57 591.40 Td (ille ) Tj ET Q q 0 0 0 rg BT 358.12 591.40 Td (Road, ) Tj ET Q q 0 0 0 rg BT 381.42 591.40 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 417.47 591.40 Td (HM ) Tj ET Q q 0 0 0 rg BT 434.03 591.40 Td (08, ) Tj ET Q q 0 0 0 rg BT 447.33 591.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 482.38 591.40 Td (and ) Tj ET Q q 0 0 0 rg BT 497.43 591.40 Td (our ) Tj ET Q q 0 0 0 rg BT 511.48 591.40 Td (telephone ) Tj ET Q q 0 0 0 rg BT 548.52 591.40 Td (number ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 580.60 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 580.60 Td (+1 ) Tj ET Q q 0 0 0 rg BT 56.08 580.60 Td (\(441\) ) Tj ET Q q 0 0 0 rg BT 77.82 580.60 Td (295-6935.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 553.00 Td (Acquisitions, Disposals and Other Developments for the period from January 1, 2015 through and including December 31, 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 525.40 Td (Capital ) Tj ET Q q 0 0 0 rg BT 65.25 525.40 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 104.91 525.40 Td (es) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 511.60 Td (e ) Tj ET Q q 0 0 0 rg BT 50.25 511.60 Td (had ) Tj ET Q q 0 0 0 rg BT 65.73 511.60 Td (total ) Tj ET Q q 0 0 0 rg BT 84.21 511.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 110.67 511.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 159.14 511.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.12 511.60 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.58 511.60 Td ($73.8 ) Tj ET Q q 0 0 0 rg BT 246.31 511.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.32 511.60 Td ( ) Tj ET Q q 0 0 0 rg BT 274.80 511.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.28 511.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.28 511.60 Td (. ) Tj ET Q q 0 0 0 rg BT 307.01 511.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 323.49 511.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 349.96 511.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 398.43 511.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 420.89 511.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 456.86 511.60 Td (to ) Tj ET Q q 0 0 0 rg BT 466.34 511.60 Td (our ) Tj ET Q q 0 0 0 rg BT 480.82 511.60 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 516.80 511.60 Td (program, ) Tj ET Q q 0 0 0 rg BT 552.02 511.60 Td (capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.80 Td (additions ) Tj ET Q q 0 0 0 rg BT 71.25 500.80 Td (and ) Tj ET Q q 0 0 0 rg BT 86.49 500.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 126.73 500.80 Td (purchases ) Tj ET Q q 0 0 0 rg BT 164.47 500.80 Td (to ) Tj ET Q q 0 0 0 rg BT 173.72 500.80 Td (our ) Tj ET Q q 0 0 0 rg BT 187.97 500.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 218.72 500.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 247.46 500.80 Td (units ) Tj ET Q q 0 0 0 rg BT 267.22 500.80 Td (and ) Tj ET Q q 0 0 0 rg BT 282.46 500.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 319.21 500.80 Td (for ) Tj ET Q q 0 0 0 rg BT 331.95 500.80 Td (long ) Tj ET Q q 0 0 0 rg BT 350.20 500.80 Td (term ) Tj ET Q q 0 0 0 rg BT 368.94 500.80 Td (maintenance.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 473.20 Td (Newbuilding ) Tj ET Q q 0 0 0 rg BT 84.25 473.20 Td (deferral) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 459.40 Td (On ) Tj ET Q q 0 0 0 rg BT 49.38 459.40 Td (December ) Tj ET Q q 0 0 0 rg BT 88.73 459.40 Td (2, ) Tj ET Q q 0 0 0 rg BT 97.86 459.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 120.49 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 133.87 459.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.25 459.40 Td (signed ) Tj ET Q q 0 0 0 rg BT 197.13 459.40 Td (an ) Tj ET Q q 0 0 0 rg BT 208.00 459.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 252.36 459.40 Td (with ) Tj ET Q q 0 0 0 rg BT 270.75 459.40 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 297.62 459.40 Td (for ) Tj ET Q q 0 0 0 rg BT 310.50 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.87 459.40 Td (deferral ) Tj ET Q q 0 0 0 rg BT 354.23 459.40 Td (of ) Tj ET Q q 0 0 0 rg BT 364.11 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 377.48 459.40 Td (delivery ) Tj ET Q q 0 0 0 rg BT 409.35 459.40 Td (of ) Tj ET Q q 0 0 0 rg BT 419.23 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 432.60 459.40 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 498.47 459.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 527.35 459.40 Td (unit, ) Tj ET Q q 0 0 0 rg BT 545.98 459.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.35 459.40 Td (W) Tj ET Q q 0 0 0 rg BT 566.02 459.40 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 448.60 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.99 448.60 Td (, ) Tj ET Q q 0 0 0 rg BT 59.40 448.60 Td (or ) Tj ET Q q 0 0 0 rg BT 69.04 448.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.19 448.60 Td (Unit. ) Tj ET Q q 0 0 0 rg BT 102.44 448.60 Td (The ) Tj ET Q q 0 0 0 rg BT 118.58 448.60 Td (deferral ) Tj ET Q q 0 0 0 rg BT 148.71 448.60 Td (period ) Tj ET Q q 0 0 0 rg BT 173.86 448.60 Td (lasts ) Tj ET Q q 0 0 0 rg BT 192.01 448.60 Td (until ) Tj ET Q q 0 0 0 rg BT 210.66 448.60 Td (June ) Tj ET Q q 0 0 0 rg BT 229.31 448.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 251.71 448.60 Td (following ) Tj ET Q q 0 0 0 rg BT 288.87 448.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 331.51 448.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.16 448.60 Td (which, ) Tj ET Q q 0 0 0 rg BT 367.56 448.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.70 448.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 417.85 448.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.00 448.60 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 459.65 448.60 Td (have ) Tj ET Q q 0 0 0 rg BT 478.79 448.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 504.93 448.60 Td (to ) Tj ET Q q 0 0 0 rg BT 514.08 448.60 Td (form ) Tj ET Q q 0 0 0 rg BT 533.73 448.60 Td (a ) Tj ET Q q 0 0 0 rg BT 539.87 448.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 558.53 448.60 Td (asset ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.80 Td (holding ) Tj ET Q q 0 0 0 rg BT 65.56 437.80 Td (company ) Tj ET Q q 0 0 0 rg BT 100.61 437.80 Td (for ) Tj ET Q q 0 0 0 rg BT 113.17 437.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 131.73 437.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 171.28 437.80 Td (of ) Tj ET Q q 0 0 0 rg BT 180.84 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 193.89 437.80 Td (Unit, ) Tj ET Q q 0 0 0 rg BT 214.20 437.80 Td (to ) Tj ET Q q 0 0 0 rg BT 223.26 437.80 Td (be ) Tj ET Q q 0 0 0 rg BT 233.82 437.80 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.87 437.80 Td (23%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.37 437.80 Td ( ) Tj ET Q q 0 0 0 rg BT 278.43 437.80 Td (by ) Tj ET Q q 0 0 0 rg BT 289.49 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 437.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.60 437.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.66 437.80 Td (77%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.16 437.80 Td ( ) Tj ET Q q 0 0 0 rg BT 373.22 437.80 Td (by ) Tj ET Q q 0 0 0 rg BT 384.28 437.80 Td (Jurong, ) Tj ET Q q 0 0 0 rg BT 413.08 437.80 Td (in ) Tj ET Q q 0 0 0 rg BT 422.15 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 435.20 437.80 Td (event ) Tj ET Q q 0 0 0 rg BT 456.75 437.80 Td (no ) Tj ET Q q 0 0 0 rg BT 467.81 437.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 514.86 437.80 Td (is ) Tj ET Q q 0 0 0 rg BT 522.92 437.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 552.47 437.80 Td (for ) Tj ET Q q 0 0 0 rg BT 565.02 437.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 427.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 54.31 427.00 Td (and ) Tj ET Q q 0 0 0 rg BT 69.61 427.00 Td (no ) Tj ET Q q 0 0 0 rg BT 80.92 427.00 Td (alternative ) Tj ET Q q 0 0 0 rg BT 121.20 427.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 162.99 427.00 Td (is ) Tj ET Q q 0 0 0 rg BT 171.30 427.00 Td (completed. ) Tj ET Q q 0 0 0 rg BT 213.35 427.00 Td ( ) Tj ET Q q 0 0 0 rg BT 215.65 427.00 Td (Until ) Tj ET Q q 0 0 0 rg BT 236.46 427.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.76 427.00 Td (end ) Tj ET Q q 0 0 0 rg BT 265.06 427.00 Td (of ) Tj ET Q q 0 0 0 rg BT 274.87 427.00 Td (the ) Tj ET Q q 0 0 0 rg BT 288.17 427.00 Td (deferral ) Tj ET Q q 0 0 0 rg BT 318.45 427.00 Td (period, ) Tj ET Q q 0 0 0 rg BT 346.00 427.00 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 427.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 396.61 427.00 Td (will ) Tj ET Q q 0 0 0 rg BT 412.92 427.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 446.22 427.00 Td (to ) Tj ET Q q 0 0 0 rg BT 455.52 427.00 Td (market ) Tj ET Q q 0 0 0 rg BT 482.82 427.00 Td (the ) Tj ET Q q 0 0 0 rg BT 496.12 427.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 514.43 427.00 Td (for ) Tj ET Q q 0 0 0 rg BT 527.23 427.00 Td (an ) Tj ET Q q 0 0 0 rg BT 538.03 427.00 Td (acceptable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 416.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 63.76 416.20 Td (contract, ) Tj ET Q q 0 0 0 rg BT 96.25 416.20 Td (and ) Tj ET Q q 0 0 0 rg BT 110.51 416.20 Td (the ) Tj ET Q q 0 0 0 rg BT 122.76 416.20 Td (Unit ) Tj ET Q q 0 0 0 rg BT 140.02 416.20 Td (will ) Tj ET Q q 0 0 0 rg BT 155.28 416.20 Td (remain ) Tj ET Q q 0 0 0 rg BT 181.53 416.20 Td (at ) Tj ET Q q 0 0 0 rg BT 189.29 416.20 Td (the ) Tj ET Q q 0 0 0 rg BT 201.54 416.20 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 227.30 416.20 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 261.06 416.20 Td (in ) Tj ET Q q 0 0 0 rg BT 269.32 416.20 Td (Singapore. ) Tj ET Q q 0 0 0 rg BT 309.23 416.20 Td (The ) Tj ET Q q 0 0 0 rg BT 324.48 416.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.74 416.20 Td (and ) Tj ET Q q 0 0 0 rg BT 375.00 416.20 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 400.76 416.20 Td (may ) Tj ET Q q 0 0 0 rg BT 417.51 416.20 Td (also ) Tj ET Q q 0 0 0 rg BT 433.27 416.20 Td (consider ) Tj ET Q q 0 0 0 rg BT 465.02 416.20 Td (other ) Tj ET Q q 0 0 0 rg BT 484.77 416.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 528.51 416.20 Td (opportunities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 405.40 Td (for ) Tj ET Q q 0 0 0 rg BT 48.94 405.40 Td (the ) Tj ET Q q 0 0 0 rg BT 62.38 405.40 Td (Unit ) Tj ET Q q 0 0 0 rg BT 80.83 405.40 Td (during ) Tj ET Q q 0 0 0 rg BT 106.77 405.40 Td (this ) Tj ET Q q 0 0 0 rg BT 122.22 405.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 149.91 405.40 Td (However) Tj ET Q q 0 0 0 rg BT 182.53 405.40 Td (, ) Tj ET Q q 0 0 0 rg BT 187.23 405.40 Td (based ) Tj ET Q q 0 0 0 rg BT 210.17 405.40 Td (on ) Tj ET Q q 0 0 0 rg BT 221.61 405.40 Td (current ) Tj ET Q q 0 0 0 rg BT 249.54 405.40 Td (market ) Tj ET Q q 0 0 0 rg BT 276.97 405.40 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 319.17 405.40 Td (management ) Tj ET Q q 0 0 0 rg BT 367.59 405.40 Td (deems ) Tj ET Q q 0 0 0 rg BT 393.03 405.40 Td (the ) Tj ET Q q 0 0 0 rg BT 406.47 405.40 Td (most ) Tj ET Q q 0 0 0 rg BT 426.42 405.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 460.36 405.40 Td (outcome ) Tj ET Q q 0 0 0 rg BT 493.79 405.40 Td (to ) Tj ET Q q 0 0 0 rg BT 503.24 405.40 Td (be ) Tj ET Q q 0 0 0 rg BT 514.18 405.40 Td (that ) Tj ET Q q 0 0 0 rg BT 530.12 405.40 Td (the ) Tj ET Q q 0 0 0 rg BT 543.56 405.40 Td (Unit ) Tj ET Q q 0 0 0 rg BT 562.01 405.40 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.60 Td (be ) Tj ET Q q 0 0 0 rg BT 46.74 394.60 Td (contributed ) Tj ET Q q 0 0 0 rg BT 89.98 394.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.23 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.48 394.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 131.23 394.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 150.97 394.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 180.73 394.60 Td (company) Tj ET Q q 0 0 0 rg BT 213.13 394.60 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 367.00 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 67.25 367.00 Td (Contract ) Tj ET Q q 0 0 0 rg BT 101.50 367.00 Td (T) Tj ET Q q 0 0 0 rg BT 105.68 367.00 Td (erminations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 353.20 Td (On ) Tj ET Q q 0 0 0 rg BT 50.09 353.20 Td (March ) Tj ET Q q 0 0 0 rg BT 76.67 353.20 Td (13, ) Tj ET Q q 0 0 0 rg BT 91.01 353.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.35 353.20 Td (we ) Tj ET Q q 0 0 0 rg BT 127.93 353.20 Td (received ) Tj ET Q q 0 0 0 rg BT 161.49 353.20 Td (a ) Tj ET Q q 0 0 0 rg BT 168.58 353.20 Td (termination ) Tj ET Q q 0 0 0 rg BT 213.16 353.20 Td (notice ) Tj ET Q q 0 0 0 rg BT 238.24 353.20 Td (from ) Tj ET Q q 0 0 0 rg BT 258.82 353.20 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 289.91 353.20 Td (of ) Tj ET Q q 0 0 0 rg BT 300.49 353.20 Td (the ) Tj ET Q q 0 0 0 rg BT 314.58 353.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 344.17 353.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 376.24 353.20 Td (for ) Tj ET Q q 0 0 0 rg BT 389.82 353.20 Td (the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.07 353.20 Td (W) Tj ET Q q 0 0 0 rg BT 409.74 353.20 Td (est ) Tj ET Q q 0 0 0 rg BT 422.82 353.20 Td (Navigator) Tj ET Q q 0 0 0 rg BT 458.33 353.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.58 353.20 Td () Tj ET Q q 0 0 0 rg BT 462.67 353.20 Td (The ) Tj ET Q q 0 0 0 rg BT 479.75 353.20 Td (drillship ) Tj ET Q q 0 0 0 rg BT 512.84 353.20 Td (was ) Tj ET Q q 0 0 0 rg BT 529.92 353.20 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 569.00 353.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 342.40 Td (commence ) Tj ET Q q 0 0 0 rg BT 78.62 342.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 119.74 342.40 Td (under ) Tj ET Q q 0 0 0 rg BT 143.87 342.40 Td (a ) Tj ET Q q 0 0 0 rg BT 151.51 342.40 Td (five-year ) Tj ET Q q 0 0 0 rg BT 187.62 342.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 220.24 342.40 Td (with ) Tj ET Q q 0 0 0 rg BT 239.88 342.40 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 271.51 342.40 Td (during ) Tj ET Q q 0 0 0 rg BT 298.65 342.40 Td (the ) Tj ET Q q 0 0 0 rg BT 313.28 342.40 Td (summer ) Tj ET Q q 0 0 0 rg BT 345.91 342.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.05 342.40 Td (2015. ) Tj ET Q q 0 0 0 rg BT 380.67 342.40 Td (The ) Tj ET Q q 0 0 0 rg BT 398.30 342.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 443.43 342.40 Td (of ) Tj ET Q q 0 0 0 rg BT 454.56 342.40 Td (the ) Tj ET Q q 0 0 0 rg BT 469.20 342.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 499.33 342.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 531.95 342.40 Td (for ) Tj ET Q q 0 0 0 rg BT 546.09 342.40 Td (the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.33 342.40 Td (W) Tj ET Q q 0 0 0 rg BT 566.00 342.40 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 331.60 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 331.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 106.11 331.60 Td (our ) Tj ET Q q 0 0 0 rg BT 120.99 331.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 152.86 331.60 Td (backlog ) Tj ET Q q 0 0 0 rg BT 184.23 331.60 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.11 331.60 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 214.75 331.60 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.25 331.60 Td (. ) Tj ET Q q 0 0 0 rg BT 243.17 331.60 Td (W) Tj ET Q q 0 0 0 rg BT 250.95 331.60 Td (e ) Tj ET Q q 0 0 0 rg BT 257.83 331.60 Td (will ) Tj ET Q q 0 0 0 rg BT 274.71 331.60 Td (be ) Tj ET Q q 0 0 0 rg BT 286.09 331.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 325.46 331.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.33 331.60 Td (W) Tj ET Q q 0 0 0 rg BT 346.01 331.60 Td (est ) Tj ET Q q 0 0 0 rg BT 358.89 331.60 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.39 331.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.27 331.60 Td (for ) Tj ET Q q 0 0 0 rg BT 411.65 331.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 452.51 331.60 Td (future ) Tj ET Q q 0 0 0 rg BT 476.88 331.60 Td (opportunities; ) Tj ET Q q 0 0 0 rg BT 529.76 331.60 Td (however) Tj ET Q q 0 0 0 rg BT 560.38 331.60 Td (, ) Tj ET Q q 0 0 0 rg BT 565.52 331.60 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.80 Td (remain ) Tj ET Q q 0 0 0 rg BT 63.24 320.80 Td (in ) Tj ET Q q 0 0 0 rg BT 72.49 320.80 Td (discussions ) Tj ET Q q 0 0 0 rg BT 115.74 320.80 Td (with ) Tj ET Q q 0 0 0 rg BT 133.99 320.80 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 164.24 320.80 Td (to ) Tj ET Q q 0 0 0 rg BT 173.49 320.80 Td (explore ) Tj ET Q q 0 0 0 rg BT 202.73 320.80 Td (various ) Tj ET Q q 0 0 0 rg BT 231.47 320.80 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 275.20 320.80 Td (for ) Tj ET Q q 0 0 0 rg BT 287.95 320.80 Td (future ) Tj ET Q q 0 0 0 rg BT 311.69 320.80 Td (co-operation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 293.20 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 65.25 293.20 Td (Framework ) Tj ET Q q 0 0 0 rg BT 109.33 293.20 Td (Agr) Tj ET Q q 0 0 0 rg BT 122.49 293.20 Td (eement ) Tj ET Q q 0 0 0 rg BT 150.23 293.20 Td (Update) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 279.40 Td (On ) Tj ET Q q 0 0 0 rg BT 48.92 279.40 Td (April ) Tj ET Q q 0 0 0 rg BT 70.39 279.40 Td (16, ) Tj ET Q q 0 0 0 rg BT 84.10 279.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 106.82 279.40 Td (we, ) Tj ET Q q 0 0 0 rg BT 122.03 279.40 Td (along ) Tj ET Q q 0 0 0 rg BT 144.49 279.40 Td (with ) Tj ET Q q 0 0 0 rg BT 162.96 279.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 193.42 279.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.88 279.40 Td (Rosneft, ) Tj ET Q q 0 0 0 rg BT 241.59 279.40 Td (mutually ) Tj ET Q q 0 0 0 rg BT 276.05 279.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 302.50 279.40 Td (to ) Tj ET Q q 0 0 0 rg BT 311.97 279.40 Td (further ) Tj ET Q q 0 0 0 rg BT 338.92 279.40 Td (extend ) Tj ET Q q 0 0 0 rg BT 365.38 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.84 279.40 Td (date ) Tj ET Q q 0 0 0 rg BT 396.29 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 406.26 279.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 450.21 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 460.18 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 473.64 279.40 Td (Framework ) Tj ET Q q 0 0 0 rg BT 517.05 279.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 559.50 279.40 Td (until ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.60 Td (May ) Tj ET Q q 0 0 0 rg BT 54.45 268.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.65 268.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 89.85 268.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 122.79 268.60 Td (both ) Tj ET Q q 0 0 0 rg BT 140.74 268.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 166.69 268.60 Td (can ) Tj ET Q q 0 0 0 rg BT 181.13 268.60 Td (ef) Tj ET Q q 0 0 0 rg BT 187.96 268.60 Td (fectively ) Tj ET Q q 0 0 0 rg BT 221.39 268.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 257.33 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.27 268.60 Td (Framework ) Tj ET Q q 0 0 0 rg BT 313.28 268.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 355.22 268.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 380.16 268.60 Td (any ) Tj ET Q q 0 0 0 rg BT 395.11 268.60 Td (of) Tj ET Q q 0 0 0 rg BT 402.44 268.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 426.89 268.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 455.34 268.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 489.77 268.60 Td (at ) Tj ET Q q 0 0 0 rg BT 498.22 268.60 Td (any ) Tj ET Q q 0 0 0 rg BT 513.17 268.60 Td (time ) Tj ET Q q 0 0 0 rg BT 531.12 268.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 550.56 268.60 Td (to ) Tj ET Q q 0 0 0 rg BT 559.52 268.60 Td (May ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 257.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 49.10 257.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 68.96 257.80 Td (at ) Tj ET Q q 0 0 0 rg BT 77.31 257.80 Td (no ) Tj ET Q q 0 0 0 rg BT 88.16 257.80 Td (cost. ) Tj ET Q q 0 0 0 rg BT 106.63 257.80 Td (The ) Tj ET Q q 0 0 0 rg BT 122.48 257.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 148.32 257.80 Td (have ) Tj ET Q q 0 0 0 rg BT 167.17 257.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 193.00 257.80 Td (to ) Tj ET Q q 0 0 0 rg BT 201.86 257.80 Td (use ) Tj ET Q q 0 0 0 rg BT 215.71 257.80 Td (their ) Tj ET Q q 0 0 0 rg BT 234.06 257.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 274.39 257.80 Td (endeavors ) Tj ET Q q 0 0 0 rg BT 312.73 257.80 Td (to ) Tj ET Q q 0 0 0 rg BT 321.58 257.80 Td (renegotiate, ) Tj ET Q q 0 0 0 rg BT 365.66 257.80 Td (by ) Tj ET Q q 0 0 0 rg BT 376.52 257.80 Td (no ) Tj ET Q q 0 0 0 rg BT 387.37 257.80 Td (later ) Tj ET Q q 0 0 0 rg BT 405.21 257.80 Td (than ) Tj ET Q q 0 0 0 rg BT 422.56 257.80 Td (May ) Tj ET Q q 0 0 0 rg BT 440.91 257.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 454.02 257.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 476.12 257.80 Td (the ) Tj ET Q q 0 0 0 rg BT 488.97 257.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 510.82 257.80 Td (of ) Tj ET Q q 0 0 0 rg BT 520.17 257.80 Td (the ) Tj ET Q q 0 0 0 rg BT 533.02 257.80 Td (transactions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 247.00 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 87.35 247.00 Td (in ) Tj ET Q q 0 0 0 rg BT 97.21 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 111.07 247.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 154.80 247.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 199.90 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.76 247.00 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 268.09 247.00 Td (of ) Tj ET Q q 0 0 0 rg BT 278.45 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 292.32 247.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 338.17 247.00 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 389.52 247.00 Td (in ) Tj ET Q q 0 0 0 rg BT 399.38 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 413.24 247.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 456.97 247.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 502.06 247.00 Td (and ) Tj ET Q q 0 0 0 rg BT 517.93 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 247.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 554.65 247.00 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 247.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.20 Td (related ) Tj ET Q q 0 0 0 rg BT 63.30 236.20 Td (of) Tj ET Q q 0 0 0 rg BT 70.63 236.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 95.94 236.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 125.26 236.20 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 162.81 236.20 Td ( ) Tj ET Q q 0 0 0 rg BT 165.63 236.20 Td (During ) Tj ET Q q 0 0 0 rg BT 193.94 236.20 Td (this ) Tj ET Q q 0 0 0 rg BT 209.76 236.20 Td (time, ) Tj ET Q q 0 0 0 rg BT 230.82 236.20 Td (we ) Tj ET Q q 0 0 0 rg BT 244.13 236.20 Td (are ) Tj ET Q q 0 0 0 rg BT 257.94 236.20 Td (permitted ) Tj ET Q q 0 0 0 rg BT 295.24 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 305.06 236.20 Td (market ) Tj ET Q q 0 0 0 rg BT 332.86 236.20 Td (our ) Tj ET Q q 0 0 0 rg BT 347.68 236.20 Td (of) Tj ET Q q 0 0 0 rg BT 355.01 236.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 380.32 236.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 409.64 236.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 425.95 236.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 454.26 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 464.08 236.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 495.40 236.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 524.71 236.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 560.01 236.20 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 225.40 Td (Rosneft, ) Tj ET Q q 0 0 0 rg BT 68.42 225.40 Td (enter ) Tj ET Q q 0 0 0 rg BT 88.58 225.40 Td (into ) Tj ET Q q 0 0 0 rg BT 104.75 225.40 Td (binding ) Tj ET Q q 0 0 0 rg BT 134.42 225.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 169.08 225.40 Td (with ) Tj ET Q q 0 0 0 rg BT 187.25 225.40 Td (third ) Tj ET Q q 0 0 0 rg BT 206.42 225.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 232.58 225.40 Td (in ) Tj ET Q q 0 0 0 rg BT 241.76 225.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 269.41 225.40 Td (of ) Tj ET Q q 0 0 0 rg BT 279.08 225.40 Td (those ) Tj ET Q q 0 0 0 rg BT 300.25 225.40 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 318.17 225.40 Td (delay ) Tj ET Q q 0 0 0 rg BT 339.83 225.40 Td (the ) Tj ET Q q 0 0 0 rg BT 353.00 225.40 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 400.67 225.40 Td (of ) Tj ET Q q 0 0 0 rg BT 410.33 225.40 Td (those ) Tj ET Q q 0 0 0 rg BT 431.50 225.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 447.18 225.40 Td (under ) Tj ET Q q 0 0 0 rg BT 469.84 225.40 Td (the ) Tj ET Q q 0 0 0 rg BT 483.01 225.40 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 513.18 225.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.83 225.40 Td (in ) Tj ET Q q 0 0 0 rg BT 557.00 225.40 Td (order ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 214.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.27 214.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 74.53 214.60 Td (with ) Tj ET Q q 0 0 0 rg BT 92.79 214.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.05 214.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 128.31 214.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.08 214.60 Td (any ) Tj ET Q q 0 0 0 rg BT 153.34 214.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 188.09 214.60 Td (with ) Tj ET Q q 0 0 0 rg BT 206.35 214.60 Td (third ) Tj ET Q q 0 0 0 rg BT 225.62 214.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 254.12 214.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 275.88 214.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.14 214.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 335.90 214.60 Td (or ) Tj ET Q q 0 0 0 rg BT 345.66 214.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 377.41 214.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.17 214.60 Td (any ) Tj ET Q q 0 0 0 rg BT 402.43 214.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.20 214.60 Td (those ) Tj ET Q q 0 0 0 rg BT 433.46 214.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 451.48 214.60 Td (and ) Tj ET Q q 0 0 0 rg BT 466.74 214.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 492.99 214.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.25 214.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 553.01 214.60 Td (period ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 203.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.75 203.80 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 78.99 203.80 Td (stay ) Tj ET Q q 0 0 0 rg BT 95.74 203.80 Td (of ) Tj ET Q q 0 0 0 rg BT 105.49 203.80 Td (any ) Tj ET Q q 0 0 0 rg BT 120.73 203.80 Td (of ) Tj ET Q q 0 0 0 rg BT 130.48 203.80 Td (those ) Tj ET Q q 0 0 0 rg BT 151.73 203.80 Td (rigs.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 176.20 Td (In ) Tj ET Q q 0 0 0 rg BT 45.69 176.20 Td (June ) Tj ET Q q 0 0 0 rg BT 64.38 176.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 86.83 176.20 Td (the ) Tj ET Q q 0 0 0 rg BT 100.01 176.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 126.20 176.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 152.37 176.20 Td (to ) Tj ET Q q 0 0 0 rg BT 161.57 176.20 Td (cancel ) Tj ET Q q 0 0 0 rg BT 186.74 176.20 Td (any ) Tj ET Q q 0 0 0 rg BT 201.93 176.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 244.11 176.20 Td (of ) Tj ET Q q 0 0 0 rg BT 253.80 176.20 Td (business ) Tj ET Q q 0 0 0 rg BT 286.50 176.20 Td (included ) Tj ET Q q 0 0 0 rg BT 319.68 176.20 Td (within ) Tj ET Q q 0 0 0 rg BT 344.88 176.20 Td (the ) Tj ET Q q 0 0 0 rg BT 358.07 176.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 380.26 176.20 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 176.20 Td (the ) Tj ET Q q 0 0 0 rg BT 403.14 176.20 Td (Framework ) Tj ET Q q 0 0 0 rg BT 446.34 176.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 490.76 176.20 Td (and ) Tj ET Q q 0 0 0 rg BT 505.95 176.20 Td (replaced ) Tj ET Q q 0 0 0 rg BT 538.62 176.20 Td (this ) Tj ET Q q 0 0 0 rg BT 553.82 176.20 Td (with ) Tj ET Q q 0 0 0 rg BT 572.01 176.20 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 165.40 Td (requirement ) Tj ET Q q 0 0 0 rg BT 81.73 165.40 Td (for ) Tj ET Q q 0 0 0 rg BT 94.47 165.40 Td (us, ) Tj ET Q q 0 0 0 rg BT 106.98 165.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 134.72 165.40 Td (to ) Tj ET Q q 0 0 0 rg BT 143.97 165.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 183.20 165.40 Td (law) Tj ET Q q 0 0 0 rg BT 195.61 165.40 Td (, ) Tj ET Q q 0 0 0 rg BT 200.11 165.40 Td (to ) Tj ET Q q 0 0 0 rg BT 209.36 165.40 Td (inform ) Tj ET Q q 0 0 0 rg BT 236.10 165.40 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 266.35 165.40 Td (of ) Tj ET Q q 0 0 0 rg BT 276.10 165.40 Td (any ) Tj ET Q q 0 0 0 rg BT 291.34 165.40 Td (material ) Tj ET Q q 0 0 0 rg BT 323.08 165.40 Td (developments ) Tj ET Q q 0 0 0 rg BT 375.31 165.40 Td (af) Tj ET Q q 0 0 0 rg BT 382.14 165.40 Td (fecting ) Tj ET Q q 0 0 0 rg BT 409.38 165.40 Td (us.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 137.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.88 137.80 Td (can ) Tj ET Q q 0 0 0 rg BT 64.48 137.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 94.08 137.80 Td (no ) Tj ET Q q 0 0 0 rg BT 105.19 137.80 Td (assurances ) Tj ET Q q 0 0 0 rg BT 145.78 137.80 Td (that ) Tj ET Q q 0 0 0 rg BT 161.38 137.80 Td (we ) Tj ET Q q 0 0 0 rg BT 173.99 137.80 Td (will ) Tj ET Q q 0 0 0 rg BT 190.10 137.80 Td (be ) Tj ET Q q 0 0 0 rg BT 200.70 137.80 Td (able ) Tj ET Q q 0 0 0 rg BT 217.80 137.80 Td (to ) Tj ET Q q 0 0 0 rg BT 226.91 137.80 Td (reach ) Tj ET Q q 0 0 0 rg BT 248.50 137.80 Td (an ) Tj ET Q q 0 0 0 rg BT 259.11 137.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 298.69 137.80 Td (with ) Tj ET Q q 0 0 0 rg BT 316.80 137.80 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 346.91 137.80 Td (by ) Tj ET Q q 0 0 0 rg BT 358.02 137.80 Td (May ) Tj ET Q q 0 0 0 rg BT 376.62 137.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 389.98 137.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 412.34 137.80 Td ( ) Tj ET Q q 0 0 0 rg BT 414.45 137.80 Td (Even ) Tj ET Q q 0 0 0 rg BT 435.05 137.80 Td (if ) Tj ET Q q 0 0 0 rg BT 442.66 137.80 Td (an ) Tj ET Q q 0 0 0 rg BT 453.27 137.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 492.85 137.80 Td (is ) Tj ET Q q 0 0 0 rg BT 500.96 137.80 Td (reached, ) Tj ET Q q 0 0 0 rg BT 533.30 137.80 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 137.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 568.51 137.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 127.00 Td (such ) Tj ET Q q 0 0 0 rg BT 54.93 127.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.84 127.00 Td (will ) Tj ET Q q 0 0 0 rg BT 111.28 127.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 134.21 127.00 Td (dif) Tj ET Q q 0 0 0 rg BT 144.05 127.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 156.47 127.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 195.39 127.00 Td (from ) Tj ET Q q 0 0 0 rg BT 215.32 127.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.75 127.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 251.18 127.00 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 302.10 127.00 Td (in ) Tj ET Q q 0 0 0 rg BT 311.53 127.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.97 127.00 Td (original ) Tj ET Q q 0 0 0 rg BT 355.39 127.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 398.78 127.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 441.20 127.00 Td (as ) Tj ET Q q 0 0 0 rg BT 451.13 127.00 Td (summarized ) Tj ET Q q 0 0 0 rg BT 497.55 127.00 Td (below) Tj ET Q q 0 0 0 rg BT 518.96 127.00 Td (. ) Tj ET Q q 0 0 0 rg BT 523.65 127.00 Td (Please ) Tj ET Q q 0 0 0 rg BT 549.07 127.00 Td (see ) Tj ET Q q 0 0 0 rg BT 563.00 127.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 116.20 Td (Acquisitions, ) Tj ET Q q 0 0 0 rg BT 85.80 116.20 Td (Disposals ) Tj ET Q q 0 0 0 rg BT 122.86 116.20 Td (and ) Tj ET Q q 0 0 0 rg BT 137.91 116.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 160.45 116.20 Td (Developments ) Tj ET Q q 0 0 0 rg BT 214.49 116.20 Td (for ) Tj ET Q q 0 0 0 rg BT 227.04 116.20 Td (the ) Tj ET Q q 0 0 0 rg BT 240.09 116.20 Td (period ) Tj ET Q q 0 0 0 rg BT 265.13 116.20 Td (from ) Tj ET Q q 0 0 0 rg BT 284.68 116.20 Td (January1, ) Tj ET Q q 0 0 0 rg BT 323.72 116.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 343.78 116.20 Td (through ) Tj ET Q q 0 0 0 rg BT 373.83 116.20 Td (and ) Tj ET Q q 0 0 0 rg BT 388.88 116.20 Td (including ) Tj ET Q q 0 0 0 rg BT 424.93 116.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 477.45 116.20 Td (2014Rosneft ) Tj ET Q q 0 0 0 rg BT 534.50 116.20 Td (Framework ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 105.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 82.23 105.40 Td (below) Tj ET Q q 0 0 0 rg BT 103.64 105.40 Td (.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (27) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (Acquisitions, Disposals, and Other Developments for the period from January 1, 2014 through and including December 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 722.35 Td (Capital ) Tj ET Q q 0 0 0 rg BT 65.25 722.35 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 104.91 722.35 Td (es) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 708.55 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 708.55 Td (e ) Tj ET Q q 0 0 0 rg BT 50.03 708.55 Td (had ) Tj ET Q q 0 0 0 rg BT 65.28 708.55 Td (total ) Tj ET Q q 0 0 0 rg BT 83.53 708.55 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.77 708.55 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 158.01 708.55 Td (of ) Tj ET Q q 0 0 0 rg BT 167.77 708.55 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.01 708.55 Td ($617.2 ) Tj ET Q q 0 0 0 rg BT 249.01 708.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.02 708.55 Td ( ) Tj ET Q q 0 0 0 rg BT 277.27 708.55 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.53 708.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.53 708.55 Td (. ) Tj ET Q q 0 0 0 rg BT 309.04 708.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 325.29 708.55 Td (capital ) Tj ET Q q 0 0 0 rg BT 351.53 708.55 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 399.77 708.55 Td (relate ) Tj ET Q q 0 0 0 rg BT 422.01 708.55 Td (primarily ) Tj ET Q q 0 0 0 rg BT 457.76 708.55 Td (to ) Tj ET Q q 0 0 0 rg BT 467.02 708.55 Td (our ) Tj ET Q q 0 0 0 rg BT 481.27 708.55 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 517.02 708.55 Td (program, ) Tj ET Q q 0 0 0 rg BT 552.02 708.55 Td (capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.75 Td (additions ) Tj ET Q q 0 0 0 rg BT 70.97 697.75 Td (and ) Tj ET Q q 0 0 0 rg BT 85.93 697.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 125.89 697.75 Td (purchases ) Tj ET Q q 0 0 0 rg BT 163.35 697.75 Td (to ) Tj ET Q q 0 0 0 rg BT 172.32 697.75 Td (our ) Tj ET Q q 0 0 0 rg BT 186.29 697.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 216.75 697.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 245.22 697.75 Td (units ) Tj ET Q q 0 0 0 rg BT 264.70 697.75 Td (and ) Tj ET Q q 0 0 0 rg BT 279.66 697.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 316.12 697.75 Td (for ) Tj ET Q q 0 0 0 rg BT 328.59 697.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 366.05 697.75 Td (maintenance. ) Tj ET Q q 0 0 0 rg BT 415.74 697.75 Td ( ) Tj ET Q q 0 0 0 rg BT 417.71 697.75 Td (In ) Tj ET Q q 0 0 0 rg BT 427.18 697.75 Td (May ) Tj ET Q q 0 0 0 rg BT 445.64 697.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 467.86 697.75 Td (we ) Tj ET Q q 0 0 0 rg BT 480.33 697.75 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 523.28 697.75 Td ($589.1 ) Tj ET Q q 0 0 0 rg BT 550.00 697.75 Td (million ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.95 Td (from ) Tj ET Q q 0 0 0 rg BT 55.48 686.95 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 94.46 686.95 Td (to ) Tj ET Q q 0 0 0 rg BT 103.44 686.95 Td (drilling ) Tj ET Q q 0 0 0 rg BT 131.92 686.95 Td (units ) Tj ET Q q 0 0 0 rg BT 151.40 686.95 Td (relating ) Tj ET Q q 0 0 0 rg BT 180.87 686.95 Td (to ) Tj ET Q q 0 0 0 rg BT 189.86 686.95 Td (the ) Tj ET Q q 0 0 0 rg BT 202.83 686.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 234.30 686.95 Td (of ) Tj ET Q q 0 0 0 rg BT 243.78 686.95 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.76 686.95 Td (W) Tj ET Q q 0 0 0 rg BT 263.43 686.95 Td (est ) Tj ET Q q 0 0 0 rg BT 275.41 686.95 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.42 686.95 Td (. ) Tj ET Q q 0 0 0 rg BT 299.51 686.95 Td (W) Tj ET Q q 0 0 0 rg BT 307.28 686.95 Td (e ) Tj ET Q q 0 0 0 rg BT 313.26 686.95 Td (financed ) Tj ET Q q 0 0 0 rg BT 346.22 686.95 Td (our ) Tj ET Q q 0 0 0 rg BT 360.20 686.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.17 686.95 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 434.13 686.95 Td (through ) Tj ET Q q 0 0 0 rg BT 464.11 686.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 482.09 686.95 Td (generated ) Tj ET Q q 0 0 0 rg BT 519.04 686.95 Td (from ) Tj ET Q q 0 0 0 rg BT 538.52 686.95 Td (operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.15 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 676.15 Td (secured ) Tj ET Q q 0 0 0 rg BT 80.98 676.15 Td (and ) Tj ET Q q 0 0 0 rg BT 96.22 676.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 134.96 676.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 152.70 676.15 Td (arrangements. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 648.55 Td (Capital ) Tj ET Q q 0 0 0 rg BT 65.25 648.55 Td (and ) Tj ET Q q 0 0 0 rg BT 81.00 648.55 Td (Financing ) Tj ET Q q 0 0 0 rg BT 120.25 648.55 Td (T) Tj ET Q q 0 0 0 rg BT 124.76 648.55 Td (ransactions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 634.75 Td (On ) Tj ET Q q 0 0 0 rg BT 48.95 634.75 Td (January ) Tj ET Q q 0 0 0 rg BT 78.90 634.75 Td (28, ) Tj ET Q q 0 0 0 rg BT 92.10 634.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 114.31 634.75 Td (we ) Tj ET Q q 0 0 0 rg BT 126.76 634.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 166.20 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.15 634.75 Td (issuance ) Tj ET Q q 0 0 0 rg BT 211.59 634.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.04 634.75 Td ($600 ) Tj ET Q q 0 0 0 rg BT 241.00 634.75 Td (million ) Tj ET Q q 0 0 0 rg BT 268.95 634.75 Td (in ) Tj ET Q q 0 0 0 rg BT 277.91 634.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 314.84 634.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 348.78 634.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 377.73 634.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.18 634.75 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 412.38 634.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 437.84 634.75 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 478.27 634.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 501.23 634.75 Td (due ) Tj ET Q q 0 0 0 rg BT 516.17 634.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 536.13 634.75 Td (in ) Tj ET Q q 0 0 0 rg BT 545.08 634.75 Td (a ) Tj ET Q q 0 0 0 rg BT 551.03 634.75 Td (private ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.95 Td (of) Tj ET Q q 0 0 0 rg BT 43.33 623.95 Td (fering ) Tj ET Q q 0 0 0 rg BT 67.32 623.95 Td (to ) Tj ET Q q 0 0 0 rg BT 76.83 623.95 Td (qualified ) Tj ET Q q 0 0 0 rg BT 111.31 623.95 Td (institutional ) Tj ET Q q 0 0 0 rg BT 156.81 623.95 Td (buyers ) Tj ET Q q 0 0 0 rg BT 183.31 623.95 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 216.80 623.95 Td (to ) Tj ET Q q 0 0 0 rg BT 226.31 623.95 Td (Rule ) Tj ET Q q 0 0 0 rg BT 245.80 623.95 Td (144A) Tj ET Q q 0 0 0 rg BT 265.31 623.95 Td ( ) Tj ET Q q 0 0 0 rg BT 267.81 623.95 Td (under ) Tj ET Q q 0 0 0 rg BT 290.80 623.95 Td (the ) Tj ET Q q 0 0 0 rg BT 304.29 623.95 Td (Securities ) Tj ET Q q 0 0 0 rg BT 341.73 623.95 Td (Act ) Tj ET Q q 0 0 0 rg BT 357.23 623.95 Td (and ) Tj ET Q q 0 0 0 rg BT 372.72 623.95 Td (to ) Tj ET Q q 0 0 0 rg BT 382.23 623.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 409.21 623.95 Td (persons ) Tj ET Q q 0 0 0 rg BT 439.20 623.95 Td (in ) Tj ET Q q 0 0 0 rg BT 448.71 623.95 Td (of) Tj ET Q q 0 0 0 rg BT 456.04 623.95 Td (fshore ) Tj ET Q q 0 0 0 rg BT 481.03 623.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 526.52 623.95 Td (in ) Tj ET Q q 0 0 0 rg BT 536.02 623.95 Td (reliance ) Tj ET Q q 0 0 0 rg BT 567.00 623.95 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.15 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 78.52 613.15 Td (S ) Tj ET Q q 0 0 0 rg BT 86.55 613.15 Td (under ) Tj ET Q q 0 0 0 rg BT 110.06 613.15 Td (the ) Tj ET Q q 0 0 0 rg BT 124.08 613.15 Td (Securities ) Tj ET Q q 0 0 0 rg BT 161.93 613.15 Td (Act. ) Tj ET Q q 0 0 0 rg BT 179.98 613.15 Td (W) Tj ET Q q 0 0 0 rg BT 187.75 613.15 Td (e ) Tj ET Q q 0 0 0 rg BT 194.77 613.15 Td (used ) Tj ET Q q 0 0 0 rg BT 214.29 613.15 Td (the ) Tj ET Q q 0 0 0 rg BT 228.31 613.15 Td (gross ) Tj ET Q q 0 0 0 rg BT 250.33 613.15 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 285.34 613.15 Td (of ) Tj ET Q q 0 0 0 rg BT 295.86 613.15 Td (the ) Tj ET Q q 0 0 0 rg BT 309.88 613.15 Td (senior ) Tj ET Q q 0 0 0 rg BT 334.90 613.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 374.40 613.15 Td (notes ) Tj ET Q q 0 0 0 rg BT 396.42 613.15 Td (issuance ) Tj ET Q q 0 0 0 rg BT 429.94 613.15 Td (for ) Tj ET Q q 0 0 0 rg BT 443.45 613.15 Td (the ) Tj ET Q q 0 0 0 rg BT 457.47 613.15 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 502.98 613.15 Td (of ) Tj ET Q q 0 0 0 rg BT 513.50 613.15 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 563.01 613.15 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 602.35 Td (transaction ) Tj ET Q q 0 0 0 rg BT 77.36 602.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 111.72 602.35 Td (and ) Tj ET Q q 0 0 0 rg BT 126.58 602.35 Td (general ) Tj ET Q q 0 0 0 rg BT 154.94 602.35 Td (corporate ) Tj ET Q q 0 0 0 rg BT 190.79 602.35 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 226.91 602.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 256.77 602.35 Td (purchased ) Tj ET Q q 0 0 0 rg BT 295.13 602.35 Td (approximately ) Tj ET Q q 0 0 0 rg BT 348.98 602.35 Td (31.1% ) Tj ET Q q 0 0 0 rg BT 374.10 602.35 Td (of ) Tj ET Q q 0 0 0 rg BT 383.47 602.35 Td (the ) Tj ET Q q 0 0 0 rg BT 396.34 602.35 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 433.19 602.35 Td (principal ) Tj ET Q q 0 0 0 rg BT 467.05 602.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 495.91 602.35 Td (of ) Tj ET Q q 0 0 0 rg BT 505.28 602.35 Td (the ) Tj ET Q q 0 0 0 rg BT 518.15 602.35 Td (notes. ) Tj ET Q q 0 0 0 rg BT 541.13 602.35 Td (The ) Tj ET Q q 0 0 0 rg BT 557.00 602.35 Td (notes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 591.55 Td (were ) Tj ET Q q 0 0 0 rg BT 55.74 591.55 Td (listed ) Tj ET Q q 0 0 0 rg BT 77.48 591.55 Td (on ) Tj ET Q q 0 0 0 rg BT 88.73 591.55 Td (the ) Tj ET Q q 0 0 0 rg BT 101.98 591.55 Td (Irish ) Tj ET Q q 0 0 0 rg BT 120.73 591.55 Td (Stock ) Tj ET Q q 0 0 0 rg BT 143.48 591.55 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 181.21 591.55 Td (on ) Tj ET Q q 0 0 0 rg BT 192.46 591.55 Td (July ) Tj ET Q q 0 0 0 rg BT 209.71 591.55 Td (1, ) Tj ET Q q 0 0 0 rg BT 218.71 591.55 Td (2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 563.95 Td (On ) Tj ET Q q 0 0 0 rg BT 49.99 563.95 Td (February ) Tj ET Q q 0 0 0 rg BT 85.47 563.95 Td (3, ) Tj ET Q q 0 0 0 rg BT 95.21 563.95 Td (2014, ) Tj ET Q q 0 0 0 rg BT 118.45 563.95 Td (we ) Tj ET Q q 0 0 0 rg BT 131.94 563.95 Td (completed ) Tj ET Q q 0 0 0 rg BT 172.41 563.95 Td (our ) Tj ET Q q 0 0 0 rg BT 187.40 563.95 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 236.38 563.95 Td (initial ) Tj ET Q q 0 0 0 rg BT 260.36 563.95 Td (public ) Tj ET Q q 0 0 0 rg BT 285.85 563.95 Td (of) Tj ET Q q 0 0 0 rg BT 293.18 563.95 Td (fering ) Tj ET Q q 0 0 0 rg BT 317.66 563.95 Td (in ) Tj ET Q q 0 0 0 rg BT 327.65 563.95 Td (the ) Tj ET Q q 0 0 0 rg BT 341.64 563.95 Td (United ) Tj ET Q q 0 0 0 rg BT 369.13 563.95 Td (States ) Tj ET Q q 0 0 0 rg BT 393.62 563.95 Td (of ) Tj ET Q q 0 0 0 rg BT 404.10 563.95 Td (13,513,514 ) Tj ET Q q 0 0 0 rg BT 447.59 563.95 Td (common ) Tj ET Q q 0 0 0 rg BT 482.08 563.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 507.56 563.95 Td (at ) Tj ET Q q 0 0 0 rg BT 517.05 563.95 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 540.29 563.95 Td (per ) Tj ET Q q 0 0 0 rg BT 554.77 563.95 Td (share, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 553.15 Td (resulting ) Tj ET Q q 0 0 0 rg BT 69.75 553.15 Td (in ) Tj ET Q q 0 0 0 rg BT 79.00 553.15 Td (gross ) Tj ET Q q 0 0 0 rg BT 100.25 553.15 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 134.48 553.15 Td (to ) Tj ET Q q 0 0 0 rg BT 143.73 553.15 Td (us ) Tj ET Q q 0 0 0 rg BT 153.98 553.15 Td (of ) Tj ET Q q 0 0 0 rg BT 163.73 553.15 Td ($125 ) Tj ET Q q 0 0 0 rg BT 183.98 553.15 Td (million.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 525.55 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 65.25 525.55 Td (Framework ) Tj ET Q q 0 0 0 rg BT 109.33 525.55 Td (Agr) Tj ET Q q 0 0 0 rg BT 122.49 525.55 Td (eement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.75 Td (On ) Tj ET Q q 0 0 0 rg BT 48.72 511.75 Td (May ) Tj ET Q q 0 0 0 rg BT 66.93 511.75 Td (26, ) Tj ET Q q 0 0 0 rg BT 79.90 511.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 101.86 511.75 Td (we ) Tj ET Q q 0 0 0 rg BT 114.07 511.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 142.27 511.75 Td (into ) Tj ET Q q 0 0 0 rg BT 157.99 511.75 Td (an ) Tj ET Q q 0 0 0 rg BT 168.20 511.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 209.41 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 224.12 511.75 Td (co-operation ) Tj ET Q q 0 0 0 rg BT 271.31 511.75 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 312.76 511.75 Td (or ) Tj ET Q q 0 0 0 rg BT 321.97 511.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.68 511.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 376.39 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.10 511.75 Td (Co-Operation ) Tj ET Q q 0 0 0 rg BT 441.92 511.75 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 485.87 511.75 Td (with ) Tj ET Q q 0 0 0 rg BT 503.59 511.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 533.30 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 548.01 511.75 Td (Rosneft ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.95 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 500.95 Td (pursue ) Tj ET Q q 0 0 0 rg BT 71.49 500.95 Td (onshore ) Tj ET Q q 0 0 0 rg BT 102.24 500.95 Td (and ) Tj ET Q q 0 0 0 rg BT 117.48 500.95 Td (of) Tj ET Q q 0 0 0 rg BT 124.82 500.95 Td (fshore ) Tj ET Q q 0 0 0 rg BT 149.56 500.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 177.31 500.95 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 227.05 500.95 Td (in ) Tj ET Q q 0 0 0 rg BT 236.30 500.95 Td (the ) Tj ET Q q 0 0 0 rg BT 249.55 500.95 Td (Russian ) Tj ET Q q 0 0 0 rg BT 280.30 500.95 Td (market.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 473.35 Td (In ) Tj ET Q q 0 0 0 rg BT 45.03 473.35 Td (connection ) Tj ET Q q 0 0 0 rg BT 86.05 473.35 Td (with ) Tj ET Q q 0 0 0 rg BT 103.58 473.35 Td (the ) Tj ET Q q 0 0 0 rg BT 116.10 473.35 Td (Investment ) Tj ET Q q 0 0 0 rg BT 157.63 473.35 Td (and ) Tj ET Q q 0 0 0 rg BT 172.15 473.35 Td (Co-Operation ) Tj ET Q q 0 0 0 rg BT 222.83 473.35 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 266.60 473.35 Td (on ) Tj ET Q q 0 0 0 rg BT 276.79 473.35 Td (August ) Tj ET Q q 0 0 0 rg BT 304.32 473.35 Td (20, ) Tj ET Q q 0 0 0 rg BT 317.11 473.35 Td (2014, ) Tj ET Q q 0 0 0 rg BT 338.89 473.35 Td (we ) Tj ET Q q 0 0 0 rg BT 350.91 473.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 378.93 473.35 Td (into ) Tj ET Q q 0 0 0 rg BT 394.46 473.35 Td (a ) Tj ET Q q 0 0 0 rg BT 399.99 473.35 Td (Framework ) Tj ET Q q 0 0 0 rg BT 442.67 473.35 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 484.18 473.35 Td (with ) Tj ET Q q 0 0 0 rg BT 501.71 473.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 531.24 473.35 Td (and ) Tj ET Q q 0 0 0 rg BT 545.76 473.35 Td (Rosneft, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 462.55 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 68.80 462.55 Td (to ) Tj ET Q q 0 0 0 rg BT 77.60 462.55 Td (which ) Tj ET Q q 0 0 0 rg BT 101.39 462.55 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 131.19 462.55 Td (agreed ) Tj ET Q q 0 0 0 rg BT 156.97 462.55 Td (to ) Tj ET Q q 0 0 0 rg BT 165.77 462.55 Td (sell, ) Tj ET Q q 0 0 0 rg BT 182.32 462.55 Td (and ) Tj ET Q q 0 0 0 rg BT 197.12 462.55 Td (we ) Tj ET Q q 0 0 0 rg BT 209.41 462.55 Td (agreed ) Tj ET Q q 0 0 0 rg BT 235.19 462.55 Td (to ) Tj ET Q q 0 0 0 rg BT 244.00 462.55 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 280.03 462.55 Td (100% ) Tj ET Q q 0 0 0 rg BT 302.83 462.55 Td (of ) Tj ET Q q 0 0 0 rg BT 312.13 462.55 Td (the ) Tj ET Q q 0 0 0 rg BT 324.92 462.55 Td (capital ) Tj ET Q q 0 0 0 rg BT 350.71 462.55 Td (of ) Tj ET Q q 0 0 0 rg BT 360.01 462.55 Td (Rosneft) Tj ET Q q 0 0 0 rg BT 390.50 462.55 Td (s ) Tj ET Q q 0 0 0 rg BT 395.81 462.55 Td (Russian ) Tj ET Q q 0 0 0 rg BT 426.11 462.55 Td (land ) Tj ET Q q 0 0 0 rg BT 443.41 462.55 Td (drilling ) Tj ET Q q 0 0 0 rg BT 471.71 462.55 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 508.12 462.55 Td (, ) Tj ET Q q 0 0 0 rg BT 512.17 462.55 Td (RN ) Tj ET Q q 0 0 0 rg BT 526.47 462.55 Td (Burenie ) Tj ET Q q 0 0 0 rg BT 556.76 462.55 Td (LLC, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 451.75 Td (together ) Tj ET Q q 0 0 0 rg BT 67.83 451.75 Td (with ) Tj ET Q q 0 0 0 rg BT 86.18 451.75 Td (its ) Tj ET Q q 0 0 0 rg BT 97.03 451.75 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 144.12 451.75 Td (in ) Tj ET Q q 0 0 0 rg BT 153.47 451.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 189.80 451.75 Td (for ) Tj ET Q q 0 0 0 rg BT 202.64 451.75 Td (such ) Tj ET Q q 0 0 0 rg BT 221.48 451.75 Td (number ) Tj ET Q q 0 0 0 rg BT 251.32 451.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.16 451.75 Td (our ) Tj ET Q q 0 0 0 rg BT 275.51 451.75 Td (newly ) Tj ET Q q 0 0 0 rg BT 299.85 451.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 324.69 451.75 Td (common ) Tj ET Q q 0 0 0 rg BT 358.54 451.75 Td (shares, ) Tj ET Q q 0 0 0 rg BT 385.62 451.75 Td (based ) Tj ET Q q 0 0 0 rg BT 408.46 451.75 Td (on ) Tj ET Q q 0 0 0 rg BT 419.81 451.75 Td (an ) Tj ET Q q 0 0 0 rg BT 430.65 451.75 Td (agreed ) Tj ET Q q 0 0 0 rg BT 456.98 451.75 Td (share ) Tj ET Q q 0 0 0 rg BT 478.31 451.75 Td (price ) Tj ET Q q 0 0 0 rg BT 498.65 451.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.49 451.75 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 531.09 451.75 Td (per ) Tj ET Q q 0 0 0 rg BT 544.93 451.75 Td (share, ) Tj ET Q q 0 0 0 rg BT 568.51 451.75 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 440.95 Td (payment ) Tj ET Q q 0 0 0 rg BT 69.47 440.95 Td (of ) Tj ET Q q 0 0 0 rg BT 79.44 440.95 Td (the ) Tj ET Q q 0 0 0 rg BT 92.91 440.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 119.37 440.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 153.83 440.95 Td (price, ) Tj ET Q q 0 0 0 rg BT 176.54 440.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 204.51 440.95 Td (to ) Tj ET Q q 0 0 0 rg BT 213.99 440.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 240.95 440.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.42 440.95 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 306.59 440.95 Td (As ) Tj ET Q q 0 0 0 rg BT 319.07 440.95 Td (part ) Tj ET Q q 0 0 0 rg BT 335.54 440.95 Td (of ) Tj ET Q q 0 0 0 rg BT 345.51 440.95 Td (this ) Tj ET Q q 0 0 0 rg BT 360.99 440.95 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 405.20 440.95 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 435.68 440.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 462.14 440.95 Td (to ) Tj ET Q q 0 0 0 rg BT 471.61 440.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 506.07 440.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 544.54 440.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 569.51 440.95 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 430.15 Td (closing, ) Tj ET Q q 0 0 0 rg BT 66.08 430.15 Td (at ) Tj ET Q q 0 0 0 rg BT 74.42 430.15 Td (the ) Tj ET Q q 0 0 0 rg BT 87.25 430.15 Td (same ) Tj ET Q q 0 0 0 rg BT 107.57 430.15 Td (price, ) Tj ET Q q 0 0 0 rg BT 129.65 430.15 Td (to ) Tj ET Q q 0 0 0 rg BT 138.48 430.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 169.80 430.15 Td (its ) Tj ET Q q 0 0 0 rg BT 180.14 430.15 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 216.95 430.15 Td (ownership ) Tj ET Q q 0 0 0 rg BT 256.28 430.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 284.61 430.15 Td (in ) Tj ET Q q 0 0 0 rg BT 293.44 430.15 Td (us ) Tj ET Q q 0 0 0 rg BT 303.28 430.15 Td (to ) Tj ET Q q 0 0 0 rg BT 312.12 430.15 Td (at ) Tj ET Q q 0 0 0 rg BT 320.45 430.15 Td (least ) Tj ET Q q 0 0 0 rg BT 338.78 430.15 Td (30%. ) Tj ET Q q 0 0 0 rg BT 359.36 430.15 Td (In ) Tj ET Q q 0 0 0 rg BT 368.69 430.15 Td (addition, ) Tj ET Q q 0 0 0 rg BT 402.27 430.15 Td (the ) Tj ET Q q 0 0 0 rg BT 415.11 430.15 Td (Framework ) Tj ET Q q 0 0 0 rg BT 458.02 430.15 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 499.84 430.15 Td (provides ) Tj ET Q q 0 0 0 rg BT 532.67 430.15 Td (that ) Tj ET Q q 0 0 0 rg BT 548.00 430.15 Td (Rosneft ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 419.35 Td (is ) Tj ET Q q 0 0 0 rg BT 43.90 419.35 Td (entitled ) Tj ET Q q 0 0 0 rg BT 72.78 419.35 Td (to ) Tj ET Q q 0 0 0 rg BT 81.67 419.35 Td (receive ) Tj ET Q q 0 0 0 rg BT 109.54 419.35 Td (our ) Tj ET Q q 0 0 0 rg BT 123.43 419.35 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.31 419.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 185.69 419.35 Td (following ) Tj ET Q q 0 0 0 rg BT 222.58 419.35 Td (the ) Tj ET Q q 0 0 0 rg BT 235.47 419.35 Td (commencement ) Tj ET Q q 0 0 0 rg BT 294.34 419.35 Td (of ) Tj ET Q q 0 0 0 rg BT 303.73 419.35 Td (certain ) Tj ET Q q 0 0 0 rg BT 330.10 419.35 Td (of) Tj ET Q q 0 0 0 rg BT 337.44 419.35 Td (fshore ) Tj ET Q q 0 0 0 rg BT 361.82 419.35 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.21 419.35 Td (contracts ) Tj ET Q q 0 0 0 rg BT 424.59 419.35 Td (awarded ) Tj ET Q q 0 0 0 rg BT 456.96 419.35 Td (by ) Tj ET Q q 0 0 0 rg BT 467.85 419.35 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 497.74 419.35 Td (to ) Tj ET Q q 0 0 0 rg BT 506.63 419.35 Td (us. ) Tj ET Q q 0 0 0 rg BT 518.64 419.35 Td (The ) Tj ET Q q 0 0 0 rg BT 534.53 419.35 Td (Framework ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 408.55 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 78.23 408.55 Td (also ) Tj ET Q q 0 0 0 rg BT 94.98 408.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 128.22 408.55 Td (that ) Tj ET Q q 0 0 0 rg BT 143.96 408.55 Td (we ) Tj ET Q q 0 0 0 rg BT 156.70 408.55 Td (and ) Tj ET Q q 0 0 0 rg BT 171.95 408.55 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 202.19 408.55 Td (will ) Tj ET Q q 0 0 0 rg BT 218.44 408.55 Td (enter ) Tj ET Q q 0 0 0 rg BT 238.68 408.55 Td (into ) Tj ET Q q 0 0 0 rg BT 254.92 408.55 Td (a ) Tj ET Q q 0 0 0 rg BT 261.17 408.55 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 305.40 408.55 Td (agreement ) Tj ET Q q 0 0 0 rg BT 345.12 408.55 Td (to ) Tj ET Q q 0 0 0 rg BT 354.37 408.55 Td (reflect ) Tj ET Q q 0 0 0 rg BT 379.60 408.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 406.33 408.55 Td (agreements ) Tj ET Q q 0 0 0 rg BT 449.55 408.55 Td (relating ) Tj ET Q q 0 0 0 rg BT 479.29 408.55 Td (to ) Tj ET Q q 0 0 0 rg BT 488.54 408.55 Td (us ) Tj ET Q q 0 0 0 rg BT 498.79 408.55 Td (and ) Tj ET Q q 0 0 0 rg BT 514.03 408.55 Td (the ) Tj ET Q q 0 0 0 rg BT 527.27 408.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 552.01 408.55 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 397.75 Td (by ) Tj ET Q q 0 0 0 rg BT 47.23 397.75 Td (both ) Tj ET Q q 0 0 0 rg BT 65.45 397.75 Td (us ) Tj ET Q q 0 0 0 rg BT 75.68 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.91 397.75 Td (Rosneft, ) Tj ET Q q 0 0 0 rg BT 123.38 397.75 Td (including, ) Tj ET Q q 0 0 0 rg BT 161.85 397.75 Td (among ) Tj ET Q q 0 0 0 rg BT 188.58 397.75 Td (other ) Tj ET Q q 0 0 0 rg BT 209.29 397.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 235.78 397.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 262.48 397.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 304.70 397.75 Td (on ) Tj ET Q q 0 0 0 rg BT 315.93 397.75 Td (such ) Tj ET Q q 0 0 0 rg BT 334.65 397.75 Td (stockholders) Tj ET Q q 0 0 0 rg BT 382.47 397.75 Td ( ) Tj ET Q q 0 0 0 rg BT 384.70 397.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 407.43 397.75 Td (to ) Tj ET Q q 0 0 0 rg BT 416.66 397.75 Td (vote, ) Tj ET Q q 0 0 0 rg BT 436.63 397.75 Td (standstill ) Tj ET Q q 0 0 0 rg BT 471.36 397.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 513.57 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 528.80 397.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 555.51 397.75 Td (rights ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 386.95 Td (of ) Tj ET Q q 0 0 0 rg BT 45.79 386.95 Td (first ) Tj ET Q q 0 0 0 rg BT 62.59 386.95 Td (refusal. ) Tj ET Q q 0 0 0 rg BT 91.45 386.95 Td (The ) Tj ET Q q 0 0 0 rg BT 107.74 386.95 Td (Framework ) Tj ET Q q 0 0 0 rg BT 151.02 386.95 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 193.30 386.95 Td (also ) Tj ET Q q 0 0 0 rg BT 210.09 386.95 Td (contains ) Tj ET Q q 0 0 0 rg BT 242.38 386.95 Td (customary ) Tj ET Q q 0 0 0 rg BT 282.17 386.95 Td (closing ) Tj ET Q q 0 0 0 rg BT 310.46 386.95 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 352.51 386.95 Td (including ) Tj ET Q q 0 0 0 rg BT 388.80 386.95 Td (the ) Tj ET Q q 0 0 0 rg BT 402.09 386.95 Td (necessary ) Tj ET Q q 0 0 0 rg BT 439.37 386.95 Td (corporate ) Tj ET Q q 0 0 0 rg BT 475.64 386.95 Td (approvals ) Tj ET Q q 0 0 0 rg BT 512.93 386.95 Td (from ) Tj ET Q q 0 0 0 rg BT 532.72 386.95 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 563.01 386.95 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 376.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 62.73 376.15 Td (termination ) Tj ET Q q 0 0 0 rg BT 106.47 376.15 Td (rights.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 348.55 Td (The ) Tj ET Q q 0 0 0 rg BT 52.02 348.55 Td (Framework ) Tj ET Q q 0 0 0 rg BT 95.09 348.55 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 137.10 348.55 Td (provides ) Tj ET Q q 0 0 0 rg BT 170.12 348.55 Td (for ) Tj ET Q q 0 0 0 rg BT 182.65 348.55 Td (a ) Tj ET Q q 0 0 0 rg BT 188.67 348.55 Td (closing ) Tj ET Q q 0 0 0 rg BT 216.69 348.55 Td (date ) Tj ET Q q 0 0 0 rg BT 233.71 348.55 Td (of ) Tj ET Q q 0 0 0 rg BT 243.24 348.55 Td (no ) Tj ET Q q 0 0 0 rg BT 254.27 348.55 Td (earlier ) Tj ET Q q 0 0 0 rg BT 279.27 348.55 Td (than ) Tj ET Q q 0 0 0 rg BT 296.80 348.55 Td (November ) Tj ET Q q 0 0 0 rg BT 336.81 348.55 Td (10, ) Tj ET Q q 0 0 0 rg BT 350.09 348.55 Td (2014, ) Tj ET Q q 0 0 0 rg BT 372.37 348.55 Td (and ) Tj ET Q q 0 0 0 rg BT 387.39 348.55 Td (that ) Tj ET Q q 0 0 0 rg BT 402.92 348.55 Td (the ) Tj ET Q q 0 0 0 rg BT 415.94 348.55 Td (agreement ) Tj ET Q q 0 0 0 rg BT 455.44 348.55 Td (would ) Tj ET Q q 0 0 0 rg BT 479.97 348.55 Td (terminate ) Tj ET Q q 0 0 0 rg BT 515.98 348.55 Td (if ) Tj ET Q q 0 0 0 rg BT 523.51 348.55 Td (the ) Tj ET Q q 0 0 0 rg BT 536.53 348.55 Td (transaction ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 337.75 Td (had ) Tj ET Q q 0 0 0 rg BT 50.77 337.75 Td (not ) Tj ET Q q 0 0 0 rg BT 64.04 337.75 Td (closed ) Tj ET Q q 0 0 0 rg BT 88.81 337.75 Td (by ) Tj ET Q q 0 0 0 rg BT 99.58 337.75 Td (December ) Tj ET Q q 0 0 0 rg BT 138.33 337.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.35 337.75 Td (2014. ) Tj ET Q q 0 0 0 rg BT 173.38 337.75 Td (On ) Tj ET Q q 0 0 0 rg BT 186.15 337.75 Td (November ) Tj ET Q q 0 0 0 rg BT 225.91 337.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 234.43 337.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 256.46 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.23 337.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 294.99 337.75 Td (mutually ) Tj ET Q q 0 0 0 rg BT 328.76 337.75 Td (agreed ) Tj ET Q q 0 0 0 rg BT 354.51 337.75 Td (to ) Tj ET Q q 0 0 0 rg BT 363.29 337.75 Td (extend ) Tj ET Q q 0 0 0 rg BT 389.05 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.82 337.75 Td (date ) Tj ET Q q 0 0 0 rg BT 418.58 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.85 337.75 Td (termination ) Tj ET Q q 0 0 0 rg BT 471.11 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 480.38 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.15 337.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 536.02 337.75 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 326.95 Td (until ) Tj ET Q q 0 0 0 rg BT 54.18 326.95 Td (May ) Tj ET Q q 0 0 0 rg BT 72.36 326.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 85.29 326.95 Td (2015, ) Tj ET Q q 0 0 0 rg BT 107.23 326.95 Td (and ) Tj ET Q q 0 0 0 rg BT 121.90 326.95 Td (on ) Tj ET Q q 0 0 0 rg BT 132.21 326.95 Td (April ) Tj ET Q q 0 0 0 rg BT 152.89 326.95 Td (16, ) Tj ET Q q 0 0 0 rg BT 165.83 326.95 Td (2015, ) Tj ET Q q 0 0 0 rg BT 187.76 326.95 Td (the ) Tj ET Q q 0 0 0 rg BT 200.44 326.95 Td (parties ) Tj ET Q q 0 0 0 rg BT 226.11 326.95 Td (mutually ) Tj ET Q q 0 0 0 rg BT 259.79 326.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 285.45 326.95 Td (to ) Tj ET Q q 0 0 0 rg BT 294.13 326.95 Td (further ) Tj ET Q q 0 0 0 rg BT 320.30 326.95 Td (extend ) Tj ET Q q 0 0 0 rg BT 345.97 326.95 Td (the ) Tj ET Q q 0 0 0 rg BT 358.65 326.95 Td (date ) Tj ET Q q 0 0 0 rg BT 375.32 326.95 Td (of ) Tj ET Q q 0 0 0 rg BT 384.50 326.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 427.67 326.95 Td (until ) Tj ET Q q 0 0 0 rg BT 445.85 326.95 Td (May ) Tj ET Q q 0 0 0 rg BT 464.03 326.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 476.97 326.95 Td (2017. ) Tj ET Q q 0 0 0 rg BT 498.90 326.95 Td ( ) Tj ET Q q 0 0 0 rg BT 500.58 326.95 Td (See ) Tj ET Q q 0 0 0 rg BT 515.26 326.95 Td (Acquisitions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 316.15 Td (Disposals ) Tj ET Q q 0 0 0 rg BT 73.58 316.15 Td (and ) Tj ET Q q 0 0 0 rg BT 89.15 316.15 Td (Other ) Tj ET Q q 0 0 0 rg BT 112.21 316.15 Td (Developments ) Tj ET Q q 0 0 0 rg BT 166.78 316.15 Td (for ) Tj ET Q q 0 0 0 rg BT 179.85 316.15 Td (the ) Tj ET Q q 0 0 0 rg BT 193.42 316.15 Td (period ) Tj ET Q q 0 0 0 rg BT 218.98 316.15 Td (from ) Tj ET Q q 0 0 0 rg BT 239.05 316.15 Td (January1, ) Tj ET Q q 0 0 0 rg BT 278.62 316.15 Td (2015 ) Tj ET Q q 0 0 0 rg BT 299.19 316.15 Td (through ) Tj ET Q q 0 0 0 rg BT 329.77 316.15 Td (and ) Tj ET Q q 0 0 0 rg BT 345.34 316.15 Td (including ) Tj ET Q q 0 0 0 rg BT 381.91 316.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 434.96 316.15 Td (2015Rosneft ) Tj ET Q q 0 0 0 rg BT 492.53 316.15 Td (Framework ) Tj ET Q q 0 0 0 rg BT 536.03 316.15 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 305.35 Td (Update ) Tj ET Q q 0 0 0 rg BT 68.23 305.35 Td (above.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 277.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.25 277.75 Td (Significant ) Tj ET Q q 0 0 0 rg BT 100.49 277.75 Td (Developments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 263.95 Td (On ) Tj ET Q q 0 0 0 rg BT 49.25 263.95 Td (November ) Tj ET Q q 0 0 0 rg BT 89.49 263.95 Td (26, ) Tj ET Q q 0 0 0 rg BT 102.99 263.95 Td (2014, ) Tj ET Q q 0 0 0 rg BT 125.49 263.95 Td (our ) Tj ET Q q 0 0 0 rg BT 139.73 263.95 Td (board ) Tj ET Q q 0 0 0 rg BT 162.47 263.95 Td (of ) Tj ET Q q 0 0 0 rg BT 172.22 263.95 Td (directors ) Tj ET Q q 0 0 0 rg BT 205.96 263.95 Td (resolved ) Tj ET Q q 0 0 0 rg BT 238.70 263.95 Td (to ) Tj ET Q q 0 0 0 rg BT 247.95 263.95 Td (suspend ) Tj ET Q q 0 0 0 rg BT 279.20 263.95 Td (dividend ) Tj ET Q q 0 0 0 rg BT 312.94 263.95 Td (distributions ) Tj ET Q q 0 0 0 rg BT 360.20 263.95 Td (until ) Tj ET Q q 0 0 0 rg BT 378.95 263.95 Td (further ) Tj ET Q q 0 0 0 rg BT 405.69 263.95 Td (notice.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 236.35 Td (Acquisitions, Disposals and Other Developments for the period from January 1, 2013 through and including December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 208.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 65.25 208.75 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 104.91 208.75 Td (es) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 194.95 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 194.95 Td (e ) Tj ET Q q 0 0 0 rg BT 49.07 194.95 Td (had ) Tj ET Q q 0 0 0 rg BT 63.37 194.95 Td (total ) Tj ET Q q 0 0 0 rg BT 80.67 194.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 105.97 194.95 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 153.25 194.95 Td (of ) Tj ET Q q 0 0 0 rg BT 162.06 194.95 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.35 194.95 Td ($198.9 ) Tj ET Q q 0 0 0 rg BT 241.40 194.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.40 194.95 Td ( ) Tj ET Q q 0 0 0 rg BT 268.71 194.95 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.01 194.95 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.01 194.95 Td (, ) Tj ET Q q 0 0 0 rg BT 298.57 194.95 Td (relating ) Tj ET Q q 0 0 0 rg BT 327.36 194.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 362.16 194.95 Td (to ) Tj ET Q q 0 0 0 rg BT 370.46 194.95 Td (our ) Tj ET Q q 0 0 0 rg BT 383.77 194.95 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 430.07 194.95 Td (program, ) Tj ET Q q 0 0 0 rg BT 464.11 194.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 489.40 194.95 Td (additions ) Tj ET Q q 0 0 0 rg BT 523.71 194.95 Td (and ) Tj ET Q q 0 0 0 rg BT 538.00 194.95 Td (equipment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 184.15 Td (purchases ) Tj ET Q q 0 0 0 rg BT 73.74 184.15 Td (to ) Tj ET Q q 0 0 0 rg BT 82.99 184.15 Td (our ) Tj ET Q q 0 0 0 rg BT 97.23 184.15 Td (existing ) Tj ET Q q 0 0 0 rg BT 127.98 184.15 Td (drilling ) Tj ET Q q 0 0 0 rg BT 156.73 184.15 Td (units ) Tj ET Q q 0 0 0 rg BT 176.48 184.15 Td (and ) Tj ET Q q 0 0 0 rg BT 191.73 184.15 Td (payments ) Tj ET Q q 0 0 0 rg BT 228.47 184.15 Td (for ) Tj ET Q q 0 0 0 rg BT 241.22 184.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 278.96 184.15 Td (maintenance. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 156.55 Td (Disposals) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 142.75 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 142.75 Td (e ) Tj ET Q q 0 0 0 rg BT 50.11 142.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 67.45 142.75 Td (the ) Tj ET Q q 0 0 0 rg BT 80.78 142.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 105.61 142.75 Td (in ) Tj ET Q q 0 0 0 rg BT 114.95 142.75 Td (two ) Tj ET Q q 0 0 0 rg BT 130.79 142.75 Td (of ) Tj ET Q q 0 0 0 rg BT 140.63 142.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.96 142.75 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 202.05 142.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 232.38 142.75 Td (Nor) Tj ET Q q 0 0 0 rg BT 246.21 142.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 257.05 142.75 Td (Holding ) Tj ET Q q 0 0 0 rg BT 288.37 142.75 Td (AS ) Tj ET Q q 0 0 0 rg BT 302.21 142.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.55 142.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 347.88 142.75 Td (Nor) Tj ET Q q 0 0 0 rg BT 361.71 142.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 372.03 142.75 Td (AS, ) Tj ET Q q 0 0 0 rg BT 388.12 142.75 Td (to ) Tj ET Q q 0 0 0 rg BT 397.46 142.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 427.80 142.75 Td (on ) Tj ET Q q 0 0 0 rg BT 439.13 142.75 Td (June ) Tj ET Q q 0 0 0 rg BT 457.97 142.75 Td (28, ) Tj ET Q q 0 0 0 rg BT 471.56 142.75 Td (2013. ) Tj ET Q q 0 0 0 rg BT 493.98 142.75 Td (T) Tj ET Q q 0 0 0 rg BT 498.85 142.75 Td (otal ) Tj ET Q q 0 0 0 rg BT 514.68 142.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 565.51 142.75 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.95 Td (the ) Tj ET Q q 0 0 0 rg BT 49.33 131.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 74.15 131.95 Td (was ) Tj ET Q q 0 0 0 rg BT 90.48 131.95 Td ($154.0 ) Tj ET Q q 0 0 0 rg BT 117.56 131.95 Td (million, ) Tj ET Q q 0 0 0 rg BT 148.14 131.95 Td (of) Tj ET Q q 0 0 0 rg BT 155.48 131.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 170.80 131.95 Td (by ) Tj ET Q q 0 0 0 rg BT 182.14 131.95 Td (a ) Tj ET Q q 0 0 0 rg BT 188.46 131.95 Td (liability ) Tj ET Q q 0 0 0 rg BT 218.79 131.95 Td (of ) Tj ET Q q 0 0 0 rg BT 228.62 131.95 Td ($288.4 ) Tj ET Q q 0 0 0 rg BT 255.70 131.95 Td (million ) Tj ET Q q 0 0 0 rg BT 284.03 131.95 Td (that ) Tj ET Q q 0 0 0 rg BT 299.86 131.95 Td (we ) Tj ET Q q 0 0 0 rg BT 312.69 131.95 Td (had ) Tj ET Q q 0 0 0 rg BT 328.01 131.95 Td (against ) Tj ET Q q 0 0 0 rg BT 355.84 131.95 Td (these ) Tj ET Q q 0 0 0 rg BT 376.66 131.95 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 421.49 131.95 Td (before ) Tj ET Q q 0 0 0 rg BT 446.80 131.95 Td (the ) Tj ET Q q 0 0 0 rg BT 460.13 131.95 Td (sales. ) Tj ET Q q 0 0 0 rg BT 482.21 131.95 Td (In ) Tj ET Q q 0 0 0 rg BT 492.03 131.95 Td (relation ) Tj ET Q q 0 0 0 rg BT 521.85 131.95 Td (to ) Tj ET Q q 0 0 0 rg BT 531.19 131.95 Td (the ) Tj ET Q q 0 0 0 rg BT 544.51 131.95 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 121.15 Td (control ) Tj ET Q q 0 0 0 rg BT 63.20 121.15 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 106.64 121.15 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 124.10 121.15 Td (million ) Tj ET Q q 0 0 0 rg BT 151.81 121.15 Td (was ) Tj ET Q q 0 0 0 rg BT 167.52 121.15 Td (recognized ) Tj ET Q q 0 0 0 rg BT 208.70 121.15 Td (as ) Tj ET Q q 0 0 0 rg BT 217.91 121.15 Td (contributed ) Tj ET Q q 0 0 0 rg BT 260.61 121.15 Td (deficit ) Tj ET Q q 0 0 0 rg BT 285.30 121.15 Td (as ) Tj ET Q q 0 0 0 rg BT 294.51 121.15 Td (of ) Tj ET Q q 0 0 0 rg BT 303.71 121.15 Td (December ) Tj ET Q q 0 0 0 rg BT 342.40 121.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 355.36 121.15 Td (2013. ) Tj ET Q q 0 0 0 rg BT 377.19 121.15 Td (The ) Tj ET Q q 0 0 0 rg BT 392.89 121.15 Td (sales ) Tj ET Q q 0 0 0 rg BT 412.09 121.15 Td (had ) Tj ET Q q 0 0 0 rg BT 426.80 121.15 Td (no ) Tj ET Q q 0 0 0 rg BT 437.51 121.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.21 121.15 Td (ef) Tj ET Q q 0 0 0 rg BT 462.04 121.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 477.23 121.15 Td (in ) Tj ET Q q 0 0 0 rg BT 485.94 121.15 Td (the ) Tj ET Q q 0 0 0 rg BT 498.64 121.15 Td (year ) Tj ET Q q 0 0 0 rg BT 515.84 121.15 Td (ended ) Tj ET Q q 0 0 0 rg BT 539.04 121.15 Td (December ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 110.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 48.89 110.35 Td (2013 ) Tj ET Q q 0 0 0 rg BT 68.54 110.35 Td (and ) Tj ET Q q 0 0 0 rg BT 83.18 110.35 Td (the ) Tj ET Q q 0 0 0 rg BT 95.81 110.35 Td (net ) Tj ET Q q 0 0 0 rg BT 108.45 110.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 144.07 110.35 Td (liability ) Tj ET Q q 0 0 0 rg BT 173.72 110.35 Td (was ) Tj ET Q q 0 0 0 rg BT 189.36 110.35 Td (treated ) Tj ET Q q 0 0 0 rg BT 215.48 110.35 Td (as ) Tj ET Q q 0 0 0 rg BT 224.62 110.35 Td (a ) Tj ET Q q 0 0 0 rg BT 230.26 110.35 Td (drawdown ) Tj ET Q q 0 0 0 rg BT 269.89 110.35 Td (on ) Tj ET Q q 0 0 0 rg BT 280.54 110.35 Td (the ) Tj ET Q q 0 0 0 rg BT 293.18 110.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 328.80 110.35 Td (revolving ) Tj ET Q q 0 0 0 rg BT 364.94 110.35 Td (credit ) Tj ET Q q 0 0 0 rg BT 387.07 110.35 Td (facility ) Tj ET Q q 0 0 0 rg BT 414.20 110.35 Td (provided ) Tj ET Q q 0 0 0 rg BT 447.83 110.35 Td (by ) Tj ET Q q 0 0 0 rg BT 458.48 110.35 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 490.25 110.35 Td (The ) Tj ET Q q 0 0 0 rg BT 505.88 110.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 541.50 110.35 Td (revolving ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 99.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 63.74 99.55 Td (was ) Tj ET Q q 0 0 0 rg BT 79.98 99.55 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 129.23 99.55 Td (repaid. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 70.75 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 70.75 Td (Business Overview) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 56.95 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 56.95 Td (e ) Tj ET Q q 0 0 0 rg BT 49.75 56.95 Td (are ) Tj ET Q q 0 0 0 rg BT 62.71 56.95 Td (an ) Tj ET Q q 0 0 0 rg BT 73.19 56.95 Td (of) Tj ET Q q 0 0 0 rg BT 80.52 56.95 Td (fshore ) Tj ET Q q 0 0 0 rg BT 105.00 56.95 Td (drilling ) Tj ET Q q 0 0 0 rg BT 133.47 56.95 Td (contractor ) Tj ET Q q 0 0 0 rg BT 171.93 56.95 Td (focused ) Tj ET Q q 0 0 0 rg BT 201.90 56.95 Td (on ) Tj ET Q q 0 0 0 rg BT 212.88 56.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 252.35 56.95 Td (in ) Tj ET Q q 0 0 0 rg BT 261.33 56.95 Td (the ) Tj ET Q q 0 0 0 rg BT 274.31 56.95 Td (North ) Tj ET Q q 0 0 0 rg BT 296.85 56.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 327.82 56.95 Td (Region. ) Tj ET Q q 0 0 0 rg BT 357.90 56.95 Td (While ) Tj ET Q q 0 0 0 rg BT 381.87 56.95 Td (we ) Tj ET Q q 0 0 0 rg BT 394.35 56.95 Td (currently ) Tj ET Q q 0 0 0 rg BT 428.81 56.95 Td (operate ) Tj ET Q q 0 0 0 rg BT 457.27 56.95 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 500.24 56.95 Td (of) Tj ET Q q 0 0 0 rg BT 507.57 56.95 Td (fshore ) Tj ET Q q 0 0 0 rg BT 532.05 56.95 Td (Norway ) Tj ET Q q 0 0 0 rg BT 563.02 56.95 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 46.15 Td (the ) Tj ET Q q 0 0 0 rg BT 49.16 46.15 Td (United ) Tj ET Q q 0 0 0 rg BT 75.81 46.15 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 114.22 46.15 Td (we ) Tj ET Q q 0 0 0 rg BT 126.88 46.15 Td (intend ) Tj ET Q q 0 0 0 rg BT 151.53 46.15 Td (to ) Tj ET Q q 0 0 0 rg BT 160.69 46.15 Td (grow ) Tj ET Q q 0 0 0 rg BT 181.35 46.15 Td (our ) Tj ET Q q 0 0 0 rg BT 195.51 46.15 Td (position ) Tj ET Q q 0 0 0 rg BT 226.67 46.15 Td (in ) Tj ET Q q 0 0 0 rg BT 235.83 46.15 Td (the ) Tj ET Q q 0 0 0 rg BT 248.99 46.15 Td (North ) Tj ET Q q 0 0 0 rg BT 271.67 46.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 302.82 46.15 Td (Region ) Tj ET Q q 0 0 0 rg BT 330.98 46.15 Td (by ) Tj ET Q q 0 0 0 rg BT 342.14 46.15 Td (continuing ) Tj ET Q q 0 0 0 rg BT 382.79 46.15 Td (to ) Tj ET Q q 0 0 0 rg BT 391.95 46.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 421.60 46.15 Td (excellent ) Tj ET Q q 0 0 0 rg BT 456.24 46.15 Td (service ) Tj ET Q q 0 0 0 rg BT 483.89 46.15 Td (to ) Tj ET Q q 0 0 0 rg BT 493.05 46.15 Td (our ) Tj ET Q q 0 0 0 rg BT 507.21 46.15 Td (customers ) Tj ET Q q 0 0 0 rg BT 545.86 46.15 Td (with ) Tj ET Q q 0 0 0 rg BT 564.02 46.15 Td (our ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (modern, ) Tj ET Q q 0 0 0 rg BT 67.56 749.80 Td (technologically ) Tj ET Q q 0 0 0 rg BT 124.85 749.80 Td (advanced ) Tj ET Q q 0 0 0 rg BT 160.65 749.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 181.96 749.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 229.26 749.80 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 249.31 749.80 Td (together ) Tj ET Q q 0 0 0 rg BT 280.61 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 298.43 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 312.24 749.80 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.04 749.80 Td (1,082) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.29 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 388.10 749.80 Td (experienced ) Tj ET Q q 0 0 0 rg BT 433.39 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 448.20 749.80 Td (skilled ) Tj ET Q q 0 0 0 rg BT 474.01 749.80 Td (employees. ) Tj ET Q q 0 0 0 rg BT 516.56 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 518.38 749.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 534.19 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 562.50 749.80 Td (rigs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 48.97 739.00 Td (under ) Tj ET Q q 0 0 0 rg BT 71.44 739.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 105.91 739.00 Td (with ) Tj ET Q q 0 0 0 rg BT 123.89 739.00 Td (major ) Tj ET Q q 0 0 0 rg BT 146.87 739.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 158.35 739.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 198.82 739.00 Td (such ) Tj ET Q q 0 0 0 rg BT 217.30 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 226.78 739.00 Td (Statoil, ) Tj ET Q q 0 0 0 rg BT 254.52 739.00 Td (ConocoPhillips, ) Tj ET Q q 0 0 0 rg BT 314.12 739.00 Td (T) Tj ET Q q 0 0 0 rg BT 318.99 739.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 334.46 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 349.44 739.00 Td (ExxonMobil, ) Tj ET Q q 0 0 0 rg BT 399.18 739.00 Td (with ) Tj ET Q q 0 0 0 rg BT 417.16 739.00 Td (an ) Tj ET Q q 0 0 0 rg BT 427.64 739.00 Td (average ) Tj ET Q q 0 0 0 rg BT 457.59 739.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 496.07 739.00 Td (term ) Tj ET Q q 0 0 0 rg BT 514.54 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 524.02 739.00 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (13 ) Tj ET Q q 0 0 0 rg BT 47.25 728.20 Td (months) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 73.75 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 76.00 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 85.75 728.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.50 728.20 Td (March31, ) Tj ET Q q 0 0 0 rg BT 134.74 728.20 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.74 728.20 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (Our) Tj ET Q q 0 0 0 rg BT 51.84 700.60 Td ( ) Tj ET Q q 0 0 0 rg BT 54.09 700.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 89.35 700.60 Td (Strategies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.77 686.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 91.04 686.80 Td (are ) Tj ET Q q 0 0 0 rg BT 103.81 686.80 Td (focused ) Tj ET Q q 0 0 0 rg BT 133.57 686.80 Td (on ) Tj ET Q q 0 0 0 rg BT 144.35 686.80 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 199.60 686.80 Td (of) Tj ET Q q 0 0 0 rg BT 206.93 686.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 231.20 686.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 259.48 686.80 Td (units ) Tj ET Q q 0 0 0 rg BT 278.76 686.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 314.03 686.80 Td (in ) Tj ET Q q 0 0 0 rg BT 322.81 686.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 344.08 686.80 Td (environments ) Tj ET Q q 0 0 0 rg BT 394.85 686.80 Td (and ) Tj ET Q q 0 0 0 rg BT 409.62 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 422.39 686.80 Td (North ) Tj ET Q q 0 0 0 rg BT 444.77 686.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 475.54 686.80 Td (Region. ) Tj ET Q q 0 0 0 rg BT 505.44 686.80 Td (W) Tj ET Q q 0 0 0 rg BT 513.21 686.80 Td (e ) Tj ET Q q 0 0 0 rg BT 518.98 686.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 546.75 686.80 Td (we ) Tj ET Q q 0 0 0 rg BT 559.02 686.80 Td (have ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (one ) Tj ET Q q 0 0 0 rg BT 50.96 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.42 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 73.38 676.00 Td (most ) Tj ET Q q 0 0 0 rg BT 92.85 676.00 Td (capable ) Tj ET Q q 0 0 0 rg BT 122.29 676.00 Td (fleets ) Tj ET Q q 0 0 0 rg BT 143.75 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.71 676.00 Td (this ) Tj ET Q q 0 0 0 rg BT 167.68 676.00 Td (sector ) Tj ET Q q 0 0 0 rg BT 191.13 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 200.59 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.55 676.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.02 676.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 273.48 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 288.44 676.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 316.39 676.00 Td (that ) Tj ET Q q 0 0 0 rg BT 331.85 676.00 Td (by ) Tj ET Q q 0 0 0 rg BT 342.81 676.00 Td (combining ) Tj ET Q q 0 0 0 rg BT 383.27 676.00 Td (quality ) Tj ET Q q 0 0 0 rg BT 410.23 676.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.20 676.00 Td (with ) Tj ET Q q 0 0 0 rg BT 451.16 676.00 Td (experienced ) Tj ET Q q 0 0 0 rg BT 496.60 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 511.55 676.00 Td (skilled ) Tj ET Q q 0 0 0 rg BT 537.52 676.00 Td (employees ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (we ) Tj ET Q q 0 0 0 rg BT 48.97 665.20 Td (will ) Tj ET Q q 0 0 0 rg BT 65.44 665.20 Td (be ) Tj ET Q q 0 0 0 rg BT 76.41 665.20 Td (able ) Tj ET Q q 0 0 0 rg BT 93.87 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 103.35 665.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 133.31 665.20 Td (our ) Tj ET Q q 0 0 0 rg BT 147.78 665.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 186.75 665.20 Td (with ) Tj ET Q q 0 0 0 rg BT 205.22 665.20 Td (safe ) Tj ET Q q 0 0 0 rg BT 222.18 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 237.65 665.20 Td (ef) Tj ET Q q 0 0 0 rg BT 244.48 665.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 271.43 665.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 313.65 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 329.11 665.20 Td (establish, ) Tj ET Q q 0 0 0 rg BT 365.33 665.20 Td (develop ) Tj ET Q q 0 0 0 rg BT 396.30 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 411.76 665.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 445.73 665.20 Td (a ) Tj ET Q q 0 0 0 rg BT 452.20 665.20 Td (position ) Tj ET Q q 0 0 0 rg BT 483.67 665.20 Td (as ) Tj ET Q q 0 0 0 rg BT 493.64 665.20 Td (a ) Tj ET Q q 0 0 0 rg BT 500.11 665.20 Td (preferred ) Tj ET Q q 0 0 0 rg BT 535.56 665.20 Td (provider ) Tj ET Q q 0 0 0 rg BT 568.52 665.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (harsh ) Tj ET Q q 0 0 0 rg BT 57.74 654.40 Td (environment ) Tj ET Q q 0 0 0 rg BT 105.48 654.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 134.23 654.40 Td (services ) Tj ET Q q 0 0 0 rg BT 165.47 654.40 Td (for ) Tj ET Q q 0 0 0 rg BT 178.21 654.40 Td (our ) Tj ET Q q 0 0 0 rg BT 192.46 654.40 Td (customers.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 626.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 626.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.67 626.80 Td (intend ) Tj ET Q q 0 0 0 rg BT 74.07 626.80 Td (to ) Tj ET Q q 0 0 0 rg BT 82.98 626.80 Td (leverage ) Tj ET Q q 0 0 0 rg BT 115.36 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 128.26 626.80 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 178.41 626.80 Td (expertise ) Tj ET Q q 0 0 0 rg BT 212.80 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 227.70 626.80 Td (reputation ) Tj ET Q q 0 0 0 rg BT 266.09 626.80 Td (of ) Tj ET Q q 0 0 0 rg BT 275.50 626.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 305.39 626.80 Td (to ) Tj ET Q q 0 0 0 rg BT 314.30 626.80 Td (assist ) Tj ET Q q 0 0 0 rg BT 335.71 626.80 Td (in ) Tj ET Q q 0 0 0 rg BT 344.61 626.80 Td (re-contracting ) Tj ET Q q 0 0 0 rg BT 396.99 626.80 Td (our ) Tj ET Q q 0 0 0 rg BT 410.89 626.80 Td (fleet ) Tj ET Q q 0 0 0 rg BT 428.79 626.80 Td (under ) Tj ET Q q 0 0 0 rg BT 451.18 626.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 488.58 626.80 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 525.22 626.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 555.12 626.80 Td (is ) Tj ET Q q 0 0 0 rg BT 563.02 626.80 Td (one ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.19 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 57.87 616.00 Td (world) Tj ET Q q 0 0 0 rg BT 81.37 616.00 Td (s ) Tj ET Q q 0 0 0 rg BT 86.56 616.00 Td (lar) Tj ET Q q 0 0 0 rg BT 95.89 616.00 Td (gest ) Tj ET Q q 0 0 0 rg BT 112.07 616.00 Td (international ) Tj ET Q q 0 0 0 rg BT 159.25 616.00 Td (of) Tj ET Q q 0 0 0 rg BT 166.58 616.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 190.76 616.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 218.95 616.00 Td (contractors ) Tj ET Q q 0 0 0 rg BT 260.62 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 275.30 616.00 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.98 616.00 Td (70.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.23 616.00 Td ( ) Tj ET Q q 0 0 0 rg BT 325.92 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 335.10 616.00 Td (our ) Tj ET Q q 0 0 0 rg BT 348.79 616.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 392.48 616.00 Td (common ) Tj ET Q q 0 0 0 rg BT 425.66 616.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 449.84 616.00 Td (as ) Tj ET Q q 0 0 0 rg BT 459.03 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 468.21 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 480.89 616.00 Td (date ) Tj ET Q q 0 0 0 rg BT 497.57 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.76 616.00 Td (this ) Tj ET Q q 0 0 0 rg BT 521.08 616.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 549.26 616.00 Td (Report. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 605.20 Td (e ) Tj ET Q q 0 0 0 rg BT 49.80 605.20 Td (are ) Tj ET Q q 0 0 0 rg BT 62.82 605.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 87.85 605.20 Td (dependent ) Tj ET Q q 0 0 0 rg BT 126.87 605.20 Td (on ) Tj ET Q q 0 0 0 rg BT 137.90 605.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 167.92 605.20 Td (to ) Tj ET Q q 0 0 0 rg BT 176.95 605.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 206.48 605.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 239.01 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 254.04 605.20 Td (support ) Tj ET Q q 0 0 0 rg BT 283.07 605.20 Td (our ) Tj ET Q q 0 0 0 rg BT 297.10 605.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 338.87 605.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 363.89 605.20 Td (see ) Tj ET Q q 0 0 0 rg BT 377.41 605.20 Td ("Item ) Tj ET Q q 0 0 0 rg BT 399.61 605.20 Td (5. ) Tj ET Q q 0 0 0 rg BT 408.39 605.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 446.41 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 461.44 605.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 496.96 605.20 Td (Review ) Tj ET Q q 0 0 0 rg BT 526.48 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 541.51 605.20 Td (Prospects) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (B. ) Tj ET Q q 0 0 0 rg BT 55.50 594.40 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 91.25 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 106.50 594.40 Td (Capital ) Tj ET Q q 0 0 0 rg BT 134.74 594.40 Td (Resources" ) Tj ET Q q 0 0 0 rg BT 177.65 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 192.90 594.40 Td ("Item ) Tj ET Q q 0 0 0 rg BT 215.31 594.40 Td (3. ) Tj ET Q q 0 0 0 rg BT 224.31 594.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 269.55 594.40 Td (on ) Tj ET Q q 0 0 0 rg BT 280.80 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 294.05 594.40 Td (CompanyD. ) Tj ET Q q 0 0 0 rg BT 349.04 594.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 367.80 594.40 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 400.22 594.40 Td (for ) Tj ET Q q 0 0 0 rg BT 412.96 594.40 Td (more ) Tj ET Q q 0 0 0 rg BT 433.71 594.40 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 566.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 566.80 Td (key ) Tj ET Q q 0 0 0 rg BT 67.49 566.80 Td (elements ) Tj ET Q q 0 0 0 rg BT 101.72 566.80 Td (in ) Tj ET Q q 0 0 0 rg BT 110.98 566.80 Td (our ) Tj ET Q q 0 0 0 rg BT 125.22 566.80 Td (strategy ) Tj ET Q q 0 0 0 rg BT 155.96 566.80 Td (are ) Tj ET Q q 0 0 0 rg BT 169.20 566.80 Td (as ) Tj ET Q q 0 0 0 rg BT 178.95 566.80 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 553.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 553.00 Td (commitment ) Tj ET Q q 0 0 0 rg BT 110.74 553.00 Td (to ) Tj ET Q q 0 0 0 rg BT 119.99 553.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 149.73 553.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 188.48 553.00 Td (with ) Tj ET Q q 0 0 0 rg BT 206.73 553.00 Td (safe ) Tj ET Q q 0 0 0 rg BT 223.47 553.00 Td (and ) Tj ET Q q 0 0 0 rg BT 238.71 553.00 Td (ef) Tj ET Q q 0 0 0 rg BT 245.54 553.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 272.27 553.00 Td (operations; ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 539.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 539.20 Td (combine ) Tj ET Q q 0 0 0 rg BT 96.24 539.20 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 151.96 539.20 Td (mobile ) Tj ET Q q 0 0 0 rg BT 179.20 539.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 207.95 539.20 Td (units ) Tj ET Q q 0 0 0 rg BT 227.71 539.20 Td (with ) Tj ET Q q 0 0 0 rg BT 245.96 539.20 Td (experienced ) Tj ET Q q 0 0 0 rg BT 291.68 539.20 Td (and ) Tj ET Q q 0 0 0 rg BT 306.92 539.20 Td (skilled ) Tj ET Q q 0 0 0 rg BT 333.17 539.20 Td (employees; ) Tj ET Q q 0 0 0 rg BT 376.41 539.20 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 525.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 525.40 Td (focus ) Tj ET Q q 0 0 0 rg BT 84.74 525.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.99 525.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 130.73 525.40 Td (our ) Tj ET Q q 0 0 0 rg BT 144.98 525.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 169.73 525.40 Td (position ) Tj ET Q q 0 0 0 rg BT 200.98 525.40 Td (in ) Tj ET Q q 0 0 0 rg BT 210.23 525.40 Td (harsh ) Tj ET Q q 0 0 0 rg BT 231.97 525.40 Td (environments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 496.60 Td (Management of Our) Tj ET Q q 0 0 0 rg BT 123.03 496.60 Td ( Business ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 482.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.27 482.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.53 482.80 Td (of ) Tj ET Q q 0 0 0 rg BT 86.29 482.80 Td (Directors ) Tj ET Q q 0 0 0 rg BT 122.05 482.80 Td (has ) Tj ET Q q 0 0 0 rg BT 136.31 482.80 Td (the ) Tj ET Q q 0 0 0 rg BT 149.58 482.80 Td (authority ) Tj ET Q q 0 0 0 rg BT 184.34 482.80 Td (to ) Tj ET Q q 0 0 0 rg BT 193.61 482.80 Td (oversee ) Tj ET Q q 0 0 0 rg BT 223.36 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 238.62 482.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 261.38 482.80 Td (our ) Tj ET Q q 0 0 0 rg BT 275.65 482.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 317.65 482.80 Td (management ) Tj ET Q q 0 0 0 rg BT 365.90 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 381.17 482.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 411.43 482.80 Td (on ) Tj ET Q q 0 0 0 rg BT 422.70 482.80 Td (an ) Tj ET Q q 0 0 0 rg BT 433.46 482.80 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 469.71 482.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 492.23 482.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 508.50 482.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 532.76 482.80 Td (of ) Tj ET Q q 0 0 0 rg BT 542.53 482.80 Td (Directors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.00 Td (has ) Tj ET Q q 0 0 0 rg BT 50.16 472.00 Td (or) Tj ET Q q 0 0 0 rg BT 57.49 472.00 Td (ganized ) Tj ET Q q 0 0 0 rg BT 87.64 472.00 Td (the ) Tj ET Q q 0 0 0 rg BT 100.79 472.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 136.95 472.00 Td (of ) Tj ET Q q 0 0 0 rg BT 146.61 472.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 173.25 472.00 Td (management ) Tj ET Q q 0 0 0 rg BT 221.39 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 236.55 472.00 Td (other ) Tj ET Q q 0 0 0 rg BT 257.20 472.00 Td (services ) Tj ET Q q 0 0 0 rg BT 288.35 472.00 Td (through ) Tj ET Q q 0 0 0 rg BT 318.50 472.00 Td (North ) Tj ET Q q 0 0 0 rg BT 341.18 472.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 372.33 472.00 Td (Management, ) Tj ET Q q 0 0 0 rg BT 423.73 472.00 Td (our ) Tj ET Q q 0 0 0 rg BT 437.88 472.00 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 492.04 472.00 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 528.45 472.00 Td (, ) Tj ET Q q 0 0 0 rg BT 532.86 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 548.01 472.00 Td (Seadrill ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 461.20 Td (Management, ) Tj ET Q q 0 0 0 rg BT 87.48 461.20 Td (a ) Tj ET Q q 0 0 0 rg BT 93.73 461.20 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 147.97 461.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 187.22 461.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.96 461.20 Td (Seadrill.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 433.60 Td (North ) Tj ET Q q 0 0 0 rg BT 59.15 433.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 90.90 433.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 140.65 433.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 174.41 433.60 Td (all ) Tj ET Q q 0 0 0 rg BT 186.17 433.60 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 227.91 433.60 Td (management ) Tj ET Q q 0 0 0 rg BT 276.66 433.60 Td (functions ) Tj ET Q q 0 0 0 rg BT 312.91 433.60 Td (to ) Tj ET Q q 0 0 0 rg BT 322.68 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.44 433.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.20 433.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.96 433.60 Td (its ) Tj ET Q q 0 0 0 rg BT 401.22 433.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 446.48 433.60 Td (in ) Tj ET Q q 0 0 0 rg BT 456.24 433.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 499.47 433.60 Td (with ) Tj ET Q q 0 0 0 rg BT 518.24 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.99 433.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 554.75 433.60 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 433.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 422.80 Td (general ) Tj ET Q q 0 0 0 rg BT 64.54 422.80 Td (management ) Tj ET Q q 0 0 0 rg BT 112.57 422.80 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 154.36 422.80 Td (or ) Tj ET Q q 0 0 0 rg BT 163.91 422.80 Td (the ) Tj ET Q q 0 0 0 rg BT 176.96 422.80 Td (General ) Tj ET Q q 0 0 0 rg BT 207.50 422.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 256.09 422.80 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 300.37 422.80 Td (North ) Tj ET Q q 0 0 0 rg BT 322.97 422.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 354.02 422.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 403.06 422.80 Td (is ) Tj ET Q q 0 0 0 rg BT 411.12 422.80 Td (responsible ) Tj ET Q q 0 0 0 rg BT 454.17 422.80 Td (for) Tj ET Q q 0 0 0 rg BT 464.30 422.80 Td (, ) Tj ET Q q 0 0 0 rg BT 468.61 422.80 Td (among ) Tj ET Q q 0 0 0 rg BT 495.16 422.80 Td (other ) Tj ET Q q 0 0 0 rg BT 515.71 422.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 542.02 422.80 Td (corporate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 412.00 Td (governance ) Tj ET Q q 0 0 0 rg BT 79.77 412.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 113.29 412.00 Td (budgeting ) Tj ET Q q 0 0 0 rg BT 151.58 412.00 Td (and ) Tj ET Q q 0 0 0 rg BT 166.86 412.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 208.63 412.00 Td (functions, ) Tj ET Q q 0 0 0 rg BT 246.67 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.95 412.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 296.23 412.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.02 412.00 Td (our ) Tj ET Q q 0 0 0 rg BT 320.30 412.00 Td (activities, ) Tj ET Q q 0 0 0 rg BT 357.33 412.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 402.10 412.00 Td (management ) Tj ET Q q 0 0 0 rg BT 450.37 412.00 Td (including ) Tj ET Q q 0 0 0 rg BT 486.65 412.00 Td (marketing ) Tj ET Q q 0 0 0 rg BT 525.43 412.00 Td (of ) Tj ET Q q 0 0 0 rg BT 535.22 412.00 Td (our ) Tj ET Q q 0 0 0 rg BT 549.51 412.00 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 401.20 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 54.00 401.20 Td (and ) Tj ET Q q 0 0 0 rg BT 69.24 401.20 Td (the ) Tj ET Q q 0 0 0 rg BT 82.49 401.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 116.72 401.20 Td (and ) Tj ET Q q 0 0 0 rg BT 131.97 401.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 148.21 401.20 Td (of ) Tj ET Q q 0 0 0 rg BT 157.96 401.20 Td (assets. ) Tj ET Q q 0 0 0 rg BT 183.45 401.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 373.60 Td (North ) Tj ET Q q 0 0 0 rg BT 58.57 373.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.59 373.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 138.59 373.60 Td (employs ) Tj ET Q q 0 0 0 rg BT 171.12 373.60 Td (our ) Tj ET Q q 0 0 0 rg BT 185.14 373.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 209.16 373.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 259.41 373.60 Td (including ) Tj ET Q q 0 0 0 rg BT 295.43 373.60 Td (our ) Tj ET Q q 0 0 0 rg BT 309.45 373.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 331.47 373.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 369.48 373.60 Td (Of) Tj ET Q q 0 0 0 rg BT 378.81 373.60 Td (ficer) Tj ET Q q 0 0 0 rg BT 394.80 373.60 Td (. ) Tj ET Q q 0 0 0 rg BT 399.07 373.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 415.09 373.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 437.11 373.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 472.63 373.60 Td (Of) Tj ET Q q 0 0 0 rg BT 481.96 373.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 500.47 373.60 Td (has ) Tj ET Q q 0 0 0 rg BT 514.49 373.60 Td (been ) Tj ET Q q 0 0 0 rg BT 533.50 373.60 Td (seconded ) Tj ET Q q 0 0 0 rg BT 569.01 373.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 362.80 Td (North ) Tj ET Q q 0 0 0 rg BT 58.28 362.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 88.91 362.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 137.53 362.80 Td (from ) Tj ET Q q 0 0 0 rg BT 156.66 362.80 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 180.30 362.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 210.44 362.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 258.70 362.80 Td (AS, ) Tj ET Q q 0 0 0 rg BT 274.09 362.80 Td (a ) Tj ET Q q 0 0 0 rg BT 279.73 362.80 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 318.36 362.80 Td (of ) Tj ET Q q 0 0 0 rg BT 327.50 362.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 357.13 362.80 Td (and ) Tj ET Q q 0 0 0 rg BT 371.77 362.80 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 395.40 362.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 425.54 362.80 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 457.93 362.80 Td (or ) Tj ET Q q 0 0 0 rg BT 467.06 362.80 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 490.70 362.80 Td (Drilling. ) Tj ET Q q 0 0 0 rg BT 523.09 362.80 Td ( ) Tj ET Q q 0 0 0 rg BT 524.73 362.80 Td (North ) Tj ET Q q 0 0 0 rg BT 547.00 362.80 Td (Atlantic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 85.14 352.00 Td (has ) Tj ET Q q 0 0 0 rg BT 99.29 352.00 Td (contracted ) Tj ET Q q 0 0 0 rg BT 138.92 352.00 Td (in ) Tj ET Q q 0 0 0 rg BT 148.08 352.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 174.72 352.00 Td (other ) Tj ET Q q 0 0 0 rg BT 195.36 352.00 Td (management ) Tj ET Q q 0 0 0 rg BT 243.50 352.00 Td (services ) Tj ET Q q 0 0 0 rg BT 274.64 352.00 Td (from ) Tj ET Q q 0 0 0 rg BT 294.29 352.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 324.44 352.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 373.58 352.00 Td (in ) Tj ET Q q 0 0 0 rg BT 382.74 352.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 425.36 352.00 Td (with ) Tj ET Q q 0 0 0 rg BT 443.51 352.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.66 352.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 478.81 352.00 Td (of ) Tj ET Q q 0 0 0 rg BT 488.47 352.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.62 352.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 533.79 352.00 Td (Agreement. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.20 Td (In ) Tj ET Q q 0 0 0 rg BT 46.11 341.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 80.47 341.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.08 341.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 114.69 341.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 158.29 341.20 Td (to ) Tj ET Q q 0 0 0 rg BT 167.90 341.20 Td (one ) Tj ET Q q 0 0 0 rg BT 183.51 341.20 Td (of ) Tj ET Q q 0 0 0 rg BT 193.62 341.20 Td (our ) Tj ET Q q 0 0 0 rg BT 208.23 341.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 242.34 341.20 Td (is ) Tj ET Q q 0 0 0 rg BT 250.95 341.20 Td (char) Tj ET Q q 0 0 0 rg BT 266.28 341.20 Td (ged ) Tj ET Q q 0 0 0 rg BT 281.88 341.20 Td (from ) Tj ET Q q 0 0 0 rg BT 301.99 341.20 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 343.59 341.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 393.19 341.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 424.21 341.20 Td (AS. ) Tj ET Q q 0 0 0 rg BT 440.58 341.20 Td ( ) Tj ET Q q 0 0 0 rg BT 443.01 341.20 Td (The ) Tj ET Q q 0 0 0 rg BT 459.61 341.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 499.70 341.20 Td (can ) Tj ET Q q 0 0 0 rg BT 514.81 341.20 Td (be ) Tj ET Q q 0 0 0 rg BT 525.91 341.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 567.01 341.20 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 330.40 Td (either ) Tj ET Q q 0 0 0 rg BT 58.99 330.40 Td (party ) Tj ET Q q 0 0 0 rg BT 79.98 330.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 100.48 330.40 Td (one ) Tj ET Q q 0 0 0 rg BT 115.98 330.40 Td (month's ) Tj ET Q q 0 0 0 rg BT 146.61 330.40 Td (notice. ) Tj ET Q q 0 0 0 rg BT 173.35 330.40 Td (In ) Tj ET Q q 0 0 0 rg BT 183.35 330.40 Td (consideration ) Tj ET Q q 0 0 0 rg BT 234.33 330.40 Td (of ) Tj ET Q q 0 0 0 rg BT 244.33 330.40 Td (the ) Tj ET Q q 0 0 0 rg BT 257.83 330.40 Td (services ) Tj ET Q q 0 0 0 rg BT 289.32 330.40 Td (provided, ) Tj ET Q q 0 0 0 rg BT 326.06 330.40 Td (the ) Tj ET Q q 0 0 0 rg BT 339.56 330.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 377.06 330.40 Td (will ) Tj ET Q q 0 0 0 rg BT 393.56 330.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 409.05 330.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 439.55 330.40 Td (a ) Tj ET Q q 0 0 0 rg BT 446.04 330.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 459.53 330.40 Td (that ) Tj ET Q q 0 0 0 rg BT 475.53 330.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 508.02 330.40 Td (the ) Tj ET Q q 0 0 0 rg BT 521.52 330.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 558.01 330.40 Td (costs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 79.23 319.60 Td (to ) Tj ET Q q 0 0 0 rg BT 88.48 319.60 Td (us ) Tj ET Q q 0 0 0 rg BT 98.74 319.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 115.99 319.60 Td (a ) Tj ET Q q 0 0 0 rg BT 122.23 319.60 Td (mar) Tj ET Q q 0 0 0 rg BT 136.06 319.60 Td (gin ) Tj ET Q q 0 0 0 rg BT 149.81 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.56 319.60 Td (8%. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.43 292.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 86.84 292.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 123.75 292.00 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 172.16 292.00 Td (are ) Tj ET Q q 0 0 0 rg BT 185.57 292.00 Td (at ) Tj ET Q q 0 0 0 rg BT 194.50 292.00 Td (Par) Tj ET Q q 0 0 0 rg BT 206.31 292.00 Td (-la-V) Tj ET Q q 0 0 0 rg BT 224.76 292.00 Td (ille ) Tj ET Q q 0 0 0 rg BT 238.69 292.00 Td (Place, ) Tj ET Q q 0 0 0 rg BT 262.86 292.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 274.28 292.00 Td (Par) Tj ET Q q 0 0 0 rg BT 286.10 292.00 Td (-la-V) Tj ET Q q 0 0 0 rg BT 304.55 292.00 Td (ille ) Tj ET Q q 0 0 0 rg BT 318.48 292.00 Td (Road, ) Tj ET Q q 0 0 0 rg BT 342.15 292.00 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 378.58 292.00 Td (HM ) Tj ET Q q 0 0 0 rg BT 395.51 292.00 Td (08, ) Tj ET Q q 0 0 0 rg BT 409.19 292.00 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 446.86 292.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 480.79 292.00 Td (to ) Tj ET Q q 0 0 0 rg BT 490.22 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 503.64 292.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 536.02 292.00 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.20 Td (and ) Tj ET Q q 0 0 0 rg BT 50.90 281.20 Td (the ) Tj ET Q q 0 0 0 rg BT 63.80 281.20 Td (General ) Tj ET Q q 0 0 0 rg BT 94.19 281.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 142.66 281.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 184.55 281.20 Td (\(which ) Tj ET Q q 0 0 0 rg BT 211.45 281.20 Td (is ) Tj ET Q q 0 0 0 rg BT 219.36 281.20 Td (a ) Tj ET Q q 0 0 0 rg BT 225.26 281.20 Td (general ) Tj ET Q q 0 0 0 rg BT 253.65 281.20 Td (management ) Tj ET Q q 0 0 0 rg BT 301.54 281.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 340.92 281.20 Td (between ) Tj ET Q q 0 0 0 rg BT 372.81 281.20 Td (us ) Tj ET Q q 0 0 0 rg BT 382.72 281.20 Td (and ) Tj ET Q q 0 0 0 rg BT 397.62 281.20 Td (North ) Tj ET Q q 0 0 0 rg BT 420.11 281.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 451.00 281.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 499.47 281.20 Td (AS, ) Tj ET Q q 0 0 0 rg BT 515.13 281.20 Td (or ) Tj ET Q q 0 0 0 rg BT 524.54 281.20 Td (North ) Tj ET Q q 0 0 0 rg BT 547.02 281.20 Td (Atlantic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 270.40 Td (Management, ) Tj ET Q q 0 0 0 rg BT 87.85 270.40 Td (one ) Tj ET Q q 0 0 0 rg BT 103.46 270.40 Td (of ) Tj ET Q q 0 0 0 rg BT 113.58 270.40 Td (our ) Tj ET Q q 0 0 0 rg BT 128.19 270.40 Td (subsidiaries\), ) Tj ET Q q 0 0 0 rg BT 178.55 270.40 Td (all ) Tj ET Q q 0 0 0 rg BT 190.16 270.40 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 231.76 270.40 Td (management ) Tj ET Q q 0 0 0 rg BT 280.36 270.40 Td (functions ) Tj ET Q q 0 0 0 rg BT 316.47 270.40 Td (are ) Tj ET Q q 0 0 0 rg BT 330.08 270.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.69 270.40 Td (by ) Tj ET Q q 0 0 0 rg BT 376.30 270.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 406.91 270.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 456.51 270.40 Td (and ) Tj ET Q q 0 0 0 rg BT 472.12 270.40 Td (North ) Tj ET Q q 0 0 0 rg BT 495.16 270.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 526.77 270.40 Td (Management. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 259.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 67.10 259.60 Td (Management) Tj ET Q q 0 0 0 rg BT 116.58 259.60 Td (s ) Tj ET Q q 0 0 0 rg BT 123.18 259.60 Td (of) Tj ET Q q 0 0 0 rg BT 130.52 259.60 Td (fices ) Tj ET Q q 0 0 0 rg BT 150.61 259.60 Td (are ) Tj ET Q q 0 0 0 rg BT 164.70 259.60 Td (located ) Tj ET Q q 0 0 0 rg BT 193.79 259.60 Td (at ) Tj ET Q q 0 0 0 rg BT 203.38 259.60 Td (Building ) Tj ET Q q 0 0 0 rg BT 237.99 259.60 Td (1) Tj ET Q q 0 0 0 rg BT 242.16 259.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 252.01 259.60 Td (2) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 256.51 263.68 Td (nd) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.36 259.60 Td ( ) Tj ET Q q 0 0 0 rg BT 265.46 259.60 Td (Floor) Tj ET Q q 0 0 0 rg BT 284.60 259.60 Td (, ) Tj ET Q q 0 0 0 rg BT 289.96 259.60 Td (Chiswick ) Tj ET Q q 0 0 0 rg BT 327.06 259.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 362.17 259.60 Td (Park, ) Tj ET Q q 0 0 0 rg BT 384.02 259.60 Td (566 ) Tj ET Q q 0 0 0 rg BT 400.62 259.60 Td (Chiswick ) Tj ET Q q 0 0 0 rg BT 437.72 259.60 Td (High ) Tj ET Q q 0 0 0 rg BT 458.82 259.60 Td (Road, ) Tj ET Q q 0 0 0 rg BT 483.17 259.60 Td (London ) Tj ET Q q 0 0 0 rg BT 514.05 259.60 Td (W4 ) Tj ET Q q 0 0 0 rg BT 530.15 259.60 Td (5YS, ) Tj ET Q q 0 0 0 rg BT 551.51 259.60 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.80 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 73.95 248.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.64 248.80 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(Norway) Tj ET Q q 0 0 0 rg BT 520.75 248.80 Td (. ) Tj ET Q q 0 0 0 rg BT 524.70 248.80 Td (North ) Tj ET Q q 0 0 0 rg BT 547.03 248.80 Td (Atlantic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.00 Td (Management's ) Tj ET Q q 0 0 0 rg BT 90.15 238.00 Td (telephone ) Tj ET Q q 0 0 0 rg BT 127.19 238.00 Td (number ) Tj ET Q q 0 0 0 rg BT 156.73 238.00 Td (at ) Tj ET Q q 0 0 0 rg BT 165.27 238.00 Td (that ) Tj ET Q q 0 0 0 rg BT 180.81 238.00 Td (address ) Tj ET Q q 0 0 0 rg BT 209.85 238.00 Td (is ) Tj ET Q q 0 0 0 rg BT 217.90 238.00 Td (+47 ) Tj ET Q q 0 0 0 rg BT 234.03 238.00 Td (51 ) Tj ET Q q 0 0 0 rg BT 245.07 238.00 Td (30 ) Tj ET Q q 0 0 0 rg BT 256.12 238.00 Td (90 ) Tj ET Q q 0 0 0 rg BT 267.17 238.00 Td (00. ) Tj ET Q q 0 0 0 rg BT 280.47 238.00 Td (North ) Tj ET Q q 0 0 0 rg BT 303.06 238.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 334.10 238.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 383.13 238.00 Td (also ) Tj ET Q q 0 0 0 rg BT 399.67 238.00 Td (has ) Tj ET Q q 0 0 0 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Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 199.60 Td (Market ) Tj ET Q q 0 0 0 rg BT 67.24 199.60 Td (Overview) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 185.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 185.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.38 185.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 77.48 185.80 Td (within ) Tj ET Q q 0 0 0 rg BT 102.10 185.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 185.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 135.82 185.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 182.92 185.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 214.53 185.80 Td (of ) Tj ET Q q 0 0 0 rg BT 223.64 185.80 Td (the ) Tj ET Q q 0 0 0 rg BT 236.25 185.80 Td (of) Tj ET Q q 0 0 0 rg BT 243.58 185.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 267.69 185.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 295.81 185.80 Td (market, ) Tj ET Q q 0 0 0 rg BT 324.66 185.80 Td (which ) Tj ET Q q 0 0 0 rg BT 348.27 185.80 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 388.38 185.80 Td (a ) Tj ET Q q 0 0 0 rg BT 393.99 185.80 Td (part ) Tj ET Q q 0 0 0 rg BT 409.60 185.80 Td (of ) Tj ET Q q 0 0 0 rg BT 418.71 185.80 Td (the ) Tj ET Q q 0 0 0 rg BT 431.32 185.80 Td (international ) Tj ET Q q 0 0 0 rg BT 478.42 185.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 489.53 185.80 Td (and ) Tj ET Q q 0 0 0 rg BT 504.14 185.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 517.76 185.80 Td (service ) Tj ET Q q 0 0 0 rg BT 544.85 185.80 Td (industry) Tj ET Q q 0 0 0 rg BT 573.77 185.80 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.19 175.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 88.36 175.00 Td (fleet ) Tj ET Q q 0 0 0 rg BT 106.54 175.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.22 175.00 Td (seven) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.71 175.00 Td ( ) Tj ET Q q 0 0 0 rg BT 138.90 175.00 Td (harsh ) Tj ET Q q 0 0 0 rg BT 160.58 175.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 208.26 175.00 Td (of) Tj ET Q q 0 0 0 rg BT 215.60 175.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 240.28 175.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 268.96 175.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 284.65 175.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 315.34 175.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.03 175.00 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.02 175.00 Td ( ) Tj ET Q q 0 0 0 rg BT 340.21 175.00 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 398.87 175.00 Td (drillship, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.31 175.00 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.29 175.00 Td ( ) Tj ET Q q 0 0 0 rg BT 453.48 175.00 Td (semi-submersibles ) Tj ET Q q 0 0 0 rg BT 522.66 175.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.84 175.00 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.83 175.00 Td ( ) Tj ET Q q 0 0 0 rg BT 558.02 175.00 Td (jack-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.20 Td (up ) Tj ET Q q 0 0 0 rg BT 47.11 164.20 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 64.82 164.20 Td (While ) Tj ET Q q 0 0 0 rg BT 88.92 164.20 Td (we ) Tj ET Q q 0 0 0 rg BT 101.52 164.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 136.11 164.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 164.70 164.20 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 207.80 164.20 Td (in ) Tj ET Q q 0 0 0 rg BT 216.91 164.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 248.01 164.20 Td (and ) Tj ET Q q 0 0 0 rg BT 263.12 164.20 Td (the ) Tj ET Q q 0 0 0 rg BT 276.22 164.20 Td (United ) Tj ET Q q 0 0 0 rg BT 302.82 164.20 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 341.18 164.20 Td (we ) Tj ET Q q 0 0 0 rg BT 353.79 164.20 Td (pursue ) Tj ET Q q 0 0 0 rg BT 379.89 164.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 401.49 164.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 449.09 164.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 477.70 164.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 513.80 164.20 Td (in ) Tj ET Q q 0 0 0 rg BT 522.91 164.20 Td (other ) Tj ET Q q 0 0 0 rg BT 543.51 164.20 Td (locations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 153.40 Td (in ) Tj ET Q q 0 0 0 rg BT 44.72 153.40 Td (the ) Tj ET Q q 0 0 0 rg BT 57.44 153.40 Td (North ) Tj ET Q q 0 0 0 rg BT 79.78 153.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 110.49 153.40 Td (Region. ) Tj ET Q q 0 0 0 rg BT 140.34 153.40 Td (The ) Tj ET Q q 0 0 0 rg BT 156.05 153.40 Td (North ) Tj ET Q q 0 0 0 rg BT 178.39 153.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 209.10 153.40 Td (Region ) Tj ET Q q 0 0 0 rg BT 236.82 153.40 Td (has ) Tj ET Q q 0 0 0 rg BT 250.54 153.40 Td (historically ) Tj ET Q q 0 0 0 rg BT 292.75 153.40 Td (of) Tj ET Q q 0 0 0 rg BT 300.09 153.40 Td (fered ) Tj ET Q q 0 0 0 rg BT 320.29 153.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 357.50 153.40 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 393.96 153.40 Td (high ) Tj ET Q q 0 0 0 rg BT 411.68 153.40 Td (utilization ) Tj ET Q q 0 0 0 rg BT 449.90 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 464.61 153.40 Td (competitive ) Tj ET Q q 0 0 0 rg BT 508.82 153.40 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 540.53 153.40 Td (compared ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 58.50 142.60 Td (international ) Tj ET Q q 0 0 0 rg BT 106.23 142.60 Td (of) Tj ET Q q 0 0 0 rg BT 113.56 142.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 138.30 142.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.05 142.60 Td (market ) Tj ET Q q 0 0 0 rg BT 194.29 142.60 Td (for ) Tj ET Q q 0 0 0 rg BT 207.04 142.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 234.28 142.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 263.03 142.60 Td (rigs.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 115.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.75 115.00 Td (Global ) Tj ET Q q 0 0 0 rg BT 80.00 115.00 Td (Fleet ) Tj ET Q q 0 0 0 rg BT 101.24 115.00 Td (of ) Tj ET Q q 0 0 0 rg BT 110.99 115.00 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 142.75 115.00 Td (Units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.34 101.20 Td (global ) Tj ET Q q 0 0 0 rg BT 77.19 101.20 Td (fleet ) Tj ET Q q 0 0 0 rg BT 95.53 101.20 Td (of ) Tj ET Q q 0 0 0 rg BT 105.37 101.20 Td (of) Tj ET Q q 0 0 0 rg BT 112.71 101.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 137.55 101.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 166.40 101.20 Td (units ) Tj ET Q q 0 0 0 rg BT 186.25 101.20 Td (consists ) Tj ET Q q 0 0 0 rg BT 217.10 101.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.95 101.20 Td (drillships, ) Tj ET Q q 0 0 0 rg BT 265.06 101.20 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 330.89 101.20 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 348.99 101.20 Td (jack-up 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ET q 0 0 0 rg BT 207.29 90.40 Td ( ) Tj ET Q q 0 0 0 rg BT 210.34 90.40 Td (drillships, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.14 90.40 Td (185) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.64 90.40 Td ( ) Tj ET Q q 0 0 0 rg BT 265.69 90.40 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 332.23 90.40 Td (rigs, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.03 90.40 Td (536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.53 90.40 Td ( ) Tj ET Q q 0 0 0 rg BT 367.58 90.40 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 397.61 90.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 414.16 90.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.21 90.40 Td (37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.21 90.40 Td ( ) Tj ET Q q 0 0 0 rg BT 442.26 90.40 Td (tender ) Tj ET Q q 0 0 0 rg BT 467.79 90.40 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 486.59 90.40 Td (In ) Tj ET Q q 0 0 0 rg BT 497.14 90.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 531.94 90.40 Td (there ) Tj ET Q q 0 0 0 rg BT 552.97 90.40 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.01 90.40 Td (46) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 79.60 Td (drillships, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.23 79.60 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.23 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.71 79.60 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 151.68 79.60 Td (rigs, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.91 79.60 Td (122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.41 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 185.88 79.60 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 215.35 79.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 231.33 79.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.80 79.60 Td (eight) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.80 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 267.28 79.60 Td (tender ) Tj ET Q q 0 0 0 rg BT 292.24 79.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 308.22 79.60 Td (under ) Tj ET Q q 0 0 0 rg BT 331.19 79.60 Td (construction. ) Tj ET Q q 0 0 0 rg BT 380.23 79.60 Td (The ) Tj ET Q q 0 0 0 rg BT 396.70 79.60 Td (water ) Tj ET Q q 0 0 0 rg BT 419.16 79.60 Td (depth ) Tj ET Q q 0 0 0 rg BT 441.64 79.60 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 485.10 79.60 Td (varies ) Tj ET Q q 0 0 0 rg BT 509.07 79.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 549.04 79.60 Td (on ) Tj ET Q q 0 0 0 rg BT 560.51 79.60 Td (type ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 68.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.29 68.80 Td (design ) Tj ET Q q 0 0 0 rg BT 77.08 68.80 Td (of ) Tj ET Q q 0 0 0 rg BT 86.87 68.80 Td (the ) Tj ET Q q 0 0 0 rg BT 100.16 68.80 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 118.20 68.80 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 148.49 68.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 164.28 68.80 Td (normally ) Tj ET Q q 0 0 0 rg BT 199.07 68.80 Td (work ) Tj ET Q q 0 0 0 rg BT 219.86 68.80 Td (in ) Tj ET Q q 0 0 0 rg BT 229.15 68.80 Td (water ) Tj ET Q q 0 0 0 rg BT 251.43 68.80 Td (depths ) Tj ET Q q 0 0 0 rg BT 277.22 68.80 Td (up ) Tj ET Q q 0 0 0 rg BT 288.52 68.80 Td (to ) Tj ET Q q 0 0 0 rg BT 297.81 68.80 Td (450ft ) Tj ET Q q 0 0 0 rg BT 319.10 68.80 Td (while ) Tj ET Q q 0 0 0 rg BT 341.39 68.80 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 407.18 68.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 422.97 68.80 Td (and ) Tj ET Q q 0 0 0 rg BT 438.26 68.80 Td (drillships ) Tj ET Q q 0 0 0 rg BT 474.06 68.80 Td (can ) Tj ET Q q 0 0 0 rg BT 488.84 68.80 Td (work ) Tj ET Q q 0 0 0 rg BT 509.63 68.80 Td (in ) Tj ET Q q 0 0 0 rg BT 518.92 68.80 Td (water ) Tj ET Q q 0 0 0 rg BT 541.20 68.80 Td (depths ) Tj ET Q q 0 0 0 rg BT 567.00 68.80 Td (up ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.24 58.00 Td (12,000ft. ) Tj ET Q q 0 0 0 rg BT 79.82 58.00 Td (T) Tj ET Q q 0 0 0 rg BT 84.69 58.00 Td (ender ) Tj ET Q q 0 0 0 rg BT 106.92 58.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 122.66 58.00 Td (work ) Tj ET Q q 0 0 0 rg BT 143.39 58.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.64 58.00 Td (water ) Tj ET Q q 0 0 0 rg BT 174.86 58.00 Td (depths ) Tj ET Q q 0 0 0 rg BT 200.60 58.00 Td (up ) Tj ET Q q 0 0 0 rg BT 211.84 58.00 Td (to ) Tj ET Q q 0 0 0 rg BT 221.08 58.00 Td (410ft ) Tj ET Q q 0 0 0 rg BT 242.32 58.00 Td (for ) Tj ET Q q 0 0 0 rg BT 255.06 58.00 Td (tender ) Tj ET Q q 0 0 0 rg BT 279.79 58.00 Td (bar) Tj ET Q q 0 0 0 rg BT 291.12 58.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 305.35 58.00 Td (and ) Tj ET Q q 0 0 0 rg BT 320.59 58.00 Td (up ) Tj ET Q q 0 0 0 rg BT 331.83 58.00 Td (to ) Tj ET Q q 0 0 0 rg BT 341.07 58.00 Td (6,000ft ) Tj ET Q q 0 0 0 rg BT 369.06 58.00 Td (for ) Tj ET Q q 0 0 0 rg BT 381.80 58.00 Td (semi-tenders. ) Tj ET Q q 0 0 0 rg BT 431.78 58.00 Td (All ) Tj ET Q q 0 0 0 rg BT 445.52 58.00 Td (of) Tj ET Q q 0 0 0 rg BT 452.85 58.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 477.59 58.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 493.33 58.00 Td (are ) Tj ET Q q 0 0 0 rg BT 506.56 58.00 Td (capable ) Tj ET Q q 0 0 0 rg BT 536.28 58.00 Td (of ) Tj ET Q q 0 0 0 rg BT 546.01 58.00 Td (working ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.17 47.20 Td (benign ) Tj ET Q q 0 0 0 rg BT 71.82 47.20 Td (environment, ) Tj ET Q q 0 0 0 rg BT 121.73 47.20 Td (but ) Tj ET Q q 0 0 0 rg BT 135.39 47.20 Td (there ) Tj ET Q q 0 0 0 rg BT 155.54 47.20 Td (are ) Tj ET Q q 0 0 0 rg BT 168.69 47.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.34 47.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 233.50 47.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 282.64 47.20 Td (for ) Tj ET Q q 0 0 0 rg BT 295.30 47.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 310.97 47.20 Td (to ) Tj ET Q q 0 0 0 rg BT 320.13 47.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 348.78 47.20 Td (in ) Tj ET Q q 0 0 0 rg BT 357.94 47.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 379.60 47.20 Td (environments ) Tj ET Q q 0 0 0 rg BT 430.76 47.20 Td (due ) Tj ET Q q 0 0 0 rg BT 445.92 47.20 Td (to ) Tj ET Q q 0 0 0 rg BT 455.08 47.20 Td (extreme ) Tj ET Q q 0 0 0 rg BT 486.23 47.20 Td (marine ) Tj ET Q q 0 0 0 rg BT 513.38 47.20 Td (and ) Tj ET Q q 0 0 0 rg BT 528.54 47.20 Td (enviromental ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 77.66 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 93.71 749.80 Td (number ) Tj ET Q q 0 0 0 rg BT 123.25 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 132.81 749.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 148.36 749.80 Td (outfitted ) Tj ET Q q 0 0 0 rg BT 180.92 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 193.47 749.80 Td (such ) Tj ET Q q 0 0 0 rg BT 212.02 749.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 251.57 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 264.61 749.80 Td (limited, ) Tj ET Q q 0 0 0 rg BT 294.41 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 309.46 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 322.52 749.80 Td (present ) Tj ET Q q 0 0 0 rg BT 350.56 749.80 Td (number ) Tj ET Q q 0 0 0 rg BT 380.11 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 389.66 749.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 405.22 749.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.26 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 450.32 749.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 471.87 749.80 Td (environments ) Tj ET Q q 0 0 0 rg BT 522.92 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 531.98 749.80 Td (Norway ) Tj ET Q q 0 0 0 rg BT 563.02 749.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 739.00 Td (United ) Tj ET Q q 0 0 0 rg BT 75.99 739.00 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 112.24 739.00 Td (total ) Tj ET Q q 0 0 0 rg BT 130.49 739.00 Td (54 ) Tj ET Q q 0 0 0 rg BT 141.74 739.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 159.74 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 169.48 739.00 Td (which ) Tj ET Q q 0 0 0 rg BT 193.73 739.00 Td (there ) Tj ET Q q 0 0 0 rg BT 213.97 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 227.20 739.00 Td (31 ) Tj ET Q q 0 0 0 rg BT 238.45 739.00 Td (floaters ) Tj ET Q q 0 0 0 rg BT 267.69 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 282.93 739.00 Td (23 ) Tj ET Q q 0 0 0 rg BT 294.18 739.00 Td (jack-ups.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (Seasonality) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.77 697.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 76.78 697.60 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 109.54 697.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 136.31 697.60 Td (do ) Tj ET Q q 0 0 0 rg BT 147.58 697.60 Td (not ) Tj ET Q q 0 0 0 rg BT 161.36 697.60 Td (have ) Tj ET Q q 0 0 0 rg BT 180.62 697.60 Td (a ) Tj ET Q q 0 0 0 rg BT 186.89 697.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 227.16 697.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 249.92 697.60 Td (ef) Tj ET Q q 0 0 0 rg BT 256.75 697.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 272.51 697.60 Td (on ) Tj ET Q q 0 0 0 rg BT 283.79 697.60 Td (our ) Tj ET Q q 0 0 0 rg BT 298.06 697.60 Td (business ) Tj ET Q q 0 0 0 rg BT 330.84 697.60 Td (as ) Tj ET Q q 0 0 0 rg BT 340.61 697.60 Td (typical ) Tj ET Q q 0 0 0 rg BT 367.38 697.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 396.15 697.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 430.91 697.60 Td (are ) Tj ET Q q 0 0 0 rg BT 444.17 697.60 Td (based ) Tj ET Q q 0 0 0 rg BT 466.94 697.60 Td (on ) Tj ET Q q 0 0 0 rg BT 478.21 697.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 515.98 697.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 546.75 697.60 Td (from ) Tj ET Q q 0 0 0 rg BT 566.52 697.60 Td (oil ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 76.49 686.80 Td (and ) Tj ET Q q 0 0 0 rg BT 91.49 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 104.48 686.80 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 134.46 686.80 Td (nature ) Tj ET Q q 0 0 0 rg BT 158.95 686.80 Td (in ) Tj ET Q q 0 0 0 rg BT 167.96 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 180.95 686.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 211.94 686.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 240.44 686.80 Td (market ) Tj ET Q q 0 0 0 rg BT 267.43 686.80 Td (is ) Tj ET Q q 0 0 0 rg BT 275.43 686.80 Td (normally ) Tj ET Q q 0 0 0 rg BT 309.93 686.80 Td (multi-year) Tj ET Q q 0 0 0 rg BT 346.92 686.80 Td (. ) Tj ET Q q 0 0 0 rg BT 351.17 686.80 Td (However) Tj ET Q q 0 0 0 rg BT 383.79 686.80 Td (, ) Tj ET Q q 0 0 0 rg BT 388.04 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 401.04 686.80 Td (weather ) Tj ET Q q 0 0 0 rg BT 431.52 686.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 471.03 686.80 Td (during ) Tj ET Q q 0 0 0 rg BT 496.52 686.80 Td (parts ) Tj ET Q q 0 0 0 rg BT 516.02 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 525.52 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 538.52 686.80 Td (year ) Tj ET Q q 0 0 0 rg BT 556.01 686.80 Td (could ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 72.31 676.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 98.63 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 111.45 676.00 Td (operational ) Tj ET Q q 0 0 0 rg BT 153.76 676.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 192.08 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 201.40 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 214.22 676.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 229.55 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 244.37 676.00 Td (our ) Tj ET Q q 0 0 0 rg BT 258.19 676.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 283.01 676.00 Td (to ) Tj ET Q q 0 0 0 rg BT 291.84 676.00 Td (relocate ) Tj ET Q q 0 0 0 rg BT 322.14 676.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 337.47 676.00 Td (between ) Tj ET Q q 0 0 0 rg BT 369.28 676.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 397.60 676.00 Td (locations, ) Tj ET Q q 0 0 0 rg BT 434.17 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.99 676.00 Td (as ) Tj ET Q q 0 0 0 rg BT 458.32 676.00 Td (such, ) Tj ET Q q 0 0 0 rg BT 478.89 676.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 497.72 676.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 528.53 676.00 Td (opportunities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.50 665.20 Td (short ) Tj ET Q q 0 0 0 rg BT 78.75 665.20 Td (term. ) Tj ET Q q 0 0 0 rg BT 99.74 665.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 119.99 665.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 149.72 665.20 Td (weather ) Tj ET Q q 0 0 0 rg BT 180.45 665.20 Td (could ) Tj ET Q q 0 0 0 rg BT 202.70 665.20 Td (include ) Tj ET Q q 0 0 0 rg BT 231.44 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 244.68 665.20 Td (winter ) Tj ET Q q 0 0 0 rg BT 269.93 665.20 Td (season ) Tj ET Q q 0 0 0 rg BT 296.17 665.20 Td (of) Tj ET Q q 0 0 0 rg BT 303.50 665.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 328.25 665.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 359.49 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 374.73 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 387.98 665.20 Td (United ) Tj ET Q q 0 0 0 rg BT 414.72 665.20 Td (Kingdom.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 637.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 68.25 637.60 Td (Contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 623.80 Td (e ) Tj ET Q q 0 0 0 rg BT 49.89 623.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 79.50 623.80 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 110.37 623.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 147.98 623.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 176.60 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 191.72 623.80 Td (production, ) Tj ET Q q 0 0 0 rg BT 235.08 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 250.20 623.80 Td (plug ) Tj ET Q q 0 0 0 rg BT 268.32 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 283.43 623.80 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 334.04 623.80 Td (services ) Tj ET Q q 0 0 0 rg BT 365.14 623.80 Td (on ) Tj ET Q q 0 0 0 rg BT 376.27 623.80 Td (a ) Tj ET Q q 0 0 0 rg BT 382.38 623.80 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 418.97 623.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 450.07 623.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 472.29 623.80 Td (W) Tj ET Q q 0 0 0 rg BT 480.07 623.80 Td (e ) Tj ET Q q 0 0 0 rg BT 486.18 623.80 Td (do ) Tj ET Q q 0 0 0 rg BT 497.30 623.80 Td (not ) Tj ET Q q 0 0 0 rg BT 510.92 623.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 540.54 623.80 Td (turnkey ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (or ) Tj ET Q q 0 0 0 rg BT 46.01 613.00 Td (other ) Tj ET Q q 0 0 0 rg BT 67.02 613.00 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 106.53 613.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 135.54 613.00 Td (services ) Tj ET Q q 0 0 0 rg BT 167.04 613.00 Td (to ) Tj ET Q q 0 0 0 rg BT 176.56 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 190.07 613.00 Td (customer) Tj ET Q q 0 0 0 rg BT 222.56 613.00 Td (. ) Tj ET Q q 0 0 0 rg BT 227.33 613.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 252.34 613.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 281.34 613.00 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 318.59 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 332.10 613.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 361.11 613.00 Td (contractor ) Tj ET Q q 0 0 0 rg BT 400.11 613.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 433.62 613.00 Td (a ) Tj ET Q q 0 0 0 rg BT 440.13 613.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 469.14 613.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 481.66 613.00 Td (and ) Tj ET Q q 0 0 0 rg BT 497.17 613.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 509.68 613.00 Td (crews ) Tj ET Q q 0 0 0 rg BT 533.19 613.00 Td (and ) Tj ET Q q 0 0 0 rg BT 548.70 613.00 Td (char) Tj ET Q q 0 0 0 rg BT 564.02 613.00 Td (ges ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 602.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.60 602.20 Td (customer ) Tj ET Q q 0 0 0 rg BT 85.19 602.20 Td (a ) Tj ET Q q 0 0 0 rg BT 91.78 602.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 112.87 602.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.47 602.20 Td (per ) Tj ET Q q 0 0 0 rg BT 156.56 602.20 Td (day ) Tj ET Q q 0 0 0 rg BT 172.16 602.20 Td (regardless ) Tj ET Q q 0 0 0 rg BT 211.24 602.20 Td (of ) Tj ET Q q 0 0 0 rg BT 221.34 602.20 Td (the ) Tj ET Q q 0 0 0 rg BT 234.94 602.20 Td (number ) Tj ET Q q 0 0 0 rg BT 265.03 602.20 Td (of ) Tj ET Q q 0 0 0 rg BT 275.13 602.20 Td (days ) Tj ET Q q 0 0 0 rg BT 294.22 602.20 Td (needed ) Tj ET Q q 0 0 0 rg BT 322.31 602.20 Td (to ) Tj ET Q q 0 0 0 rg BT 331.91 602.20 Td (drill ) Tj ET Q q 0 0 0 rg BT 349.51 602.20 Td (or ) Tj ET Q q 0 0 0 rg BT 359.61 602.20 Td (service ) Tj ET Q q 0 0 0 rg BT 387.69 602.20 Td (the ) Tj ET Q q 0 0 0 rg BT 401.29 602.20 Td (well. ) Tj ET Q q 0 0 0 rg BT 421.44 602.20 Td (The ) Tj ET Q q 0 0 0 rg BT 438.04 602.20 Td (customer ) Tj ET Q q 0 0 0 rg BT 473.63 602.20 Td (bears ) Tj ET Q q 0 0 0 rg BT 495.22 602.20 Td (substantially ) Tj ET Q q 0 0 0 rg BT 543.31 602.20 Td (all ) Tj ET Q q 0 0 0 rg BT 554.91 602.20 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 602.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 591.40 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 69.85 591.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 90.22 591.40 Td (of ) Tj ET Q q 0 0 0 rg BT 100.09 591.40 Td (constructing ) Tj ET Q q 0 0 0 rg BT 146.95 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 160.32 591.40 Td (well ) Tj ET Q q 0 0 0 rg BT 178.19 591.40 Td (and ) Tj ET Q q 0 0 0 rg BT 193.55 591.40 Td (supporting ) Tj ET Q q 0 0 0 rg BT 234.42 591.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 263.29 591.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 305.40 591.40 Td (as ) Tj ET Q q 0 0 0 rg BT 315.27 591.40 Td (well ) Tj ET Q q 0 0 0 rg BT 333.14 591.40 Td (as ) Tj ET Q q 0 0 0 rg BT 343.01 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 356.37 591.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 393.73 591.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 409.60 591.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 438.95 591.40 Td (to ) Tj ET Q q 0 0 0 rg BT 448.33 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 461.69 591.40 Td (success ) Tj ET Q q 0 0 0 rg BT 491.05 591.40 Td (of ) Tj ET Q q 0 0 0 rg BT 500.92 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.29 591.40 Td (well. ) Tj ET Q q 0 0 0 rg BT 534.40 591.40 Td (In ) Tj ET Q q 0 0 0 rg BT 544.27 591.40 Td (addition, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 580.60 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 64.73 580.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 99.46 580.60 Td (usually ) Tj ET Q q 0 0 0 rg BT 127.70 580.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 157.44 580.60 Td (for ) Tj ET Q q 0 0 0 rg BT 170.18 580.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.42 580.60 Td (lump ) Tj ET Q q 0 0 0 rg BT 197.17 580.60 Td (sum ) Tj ET Q q 0 0 0 rg BT 214.41 580.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 243.65 580.60 Td (or ) Tj ET Q q 0 0 0 rg BT 253.40 580.60 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 282.12 580.60 Td (for ) Tj ET Q q 0 0 0 rg BT 294.86 580.60 Td (mobilizing ) Tj ET Q q 0 0 0 rg BT 336.11 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.35 580.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 361.59 580.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.84 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.08 580.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 407.32 580.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 443.55 580.60 Td (location, ) Tj ET Q q 0 0 0 rg BT 477.04 580.60 Td (which ) Tj ET Q q 0 0 0 rg BT 501.28 580.60 Td (is ) Tj ET Q q 0 0 0 rg BT 509.53 580.60 Td (usually ) Tj ET Q q 0 0 0 rg BT 537.77 580.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 560.51 580.60 Td (than ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 569.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.95 569.80 Td (contractual ) Tj ET Q q 0 0 0 rg BT 92.89 569.80 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 122.33 569.80 Td (for ) Tj ET Q q 0 0 0 rg BT 135.78 569.80 Td (uptime ) Tj ET Q q 0 0 0 rg BT 163.74 569.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 197.93 569.80 Td (and ) Tj ET Q q 0 0 0 rg BT 213.88 569.80 Td (a ) Tj ET Q q 0 0 0 rg BT 220.84 569.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 252.28 569.80 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 281.72 569.80 Td (when ) Tj ET Q q 0 0 0 rg BT 304.17 569.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 333.63 569.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 374.08 569.80 Td (are ) Tj ET Q q 0 0 0 rg BT 388.02 569.80 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 430.46 569.80 Td (or ) Tj ET Q q 0 0 0 rg BT 440.92 569.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 477.36 569.80 Td (by ) Tj ET Q q 0 0 0 rg BT 489.32 569.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 530.27 569.80 Td (breakdowns, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 559.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 66.11 559.00 Td (weather ) Tj ET Q q 0 0 0 rg BT 97.22 559.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 137.35 559.00 Td (or ) Tj ET Q q 0 0 0 rg BT 147.47 559.00 Td (other ) Tj ET Q q 0 0 0 rg BT 168.59 559.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 208.72 559.00 Td (beyond ) Tj ET Q q 0 0 0 rg BT 237.84 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 251.46 559.00 Td (contractor) Tj ET Q q 0 0 0 rg BT 288.28 559.00 Td () Tj ET Q q 0 0 0 rg BT 290.78 559.00 Td (s ) Tj ET Q q 0 0 0 rg BT 296.91 559.00 Td (control. ) Tj ET Q q 0 0 0 rg BT 326.70 559.00 Td (A) Tj ET Q q 0 0 0 rg BT 332.70 559.00 Td ( ) Tj ET Q q 0 0 0 rg BT 335.33 559.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 364.44 559.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 396.05 559.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 432.16 559.00 Td (covers ) Tj ET Q q 0 0 0 rg BT 458.27 559.00 Td (either ) Tj ET Q q 0 0 0 rg BT 481.39 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 495.01 559.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 524.14 559.00 Td (or ) Tj ET Q q 0 0 0 rg BT 534.27 559.00 Td (service ) Tj ET Q q 0 0 0 rg BT 562.38 559.00 Td (to ) Tj ET Q q 0 0 0 rg BT 572.01 559.00 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 548.20 Td (single ) Tj ET Q q 0 0 0 rg BT 59.91 548.20 Td (well ) Tj ET Q q 0 0 0 rg BT 77.81 548.20 Td (or ) Tj ET Q q 0 0 0 rg BT 87.71 548.20 Td (a ) Tj ET Q q 0 0 0 rg BT 94.12 548.20 Td (number ) Tj ET Q q 0 0 0 rg BT 124.02 548.20 Td (of ) Tj ET Q q 0 0 0 rg BT 133.92 548.20 Td (wells ) Tj ET Q q 0 0 0 rg BT 155.33 548.20 Td (or ) Tj ET Q q 0 0 0 rg BT 165.23 548.20 Td (has ) Tj ET Q q 0 0 0 rg BT 179.64 548.20 Td (a ) Tj ET Q q 0 0 0 rg BT 186.04 548.20 Td (stated ) Tj ET Q q 0 0 0 rg BT 209.44 548.20 Td (term ) Tj ET Q q 0 0 0 rg BT 228.34 548.20 Td (regardless ) Tj ET Q q 0 0 0 rg BT 267.24 548.20 Td (of ) Tj ET Q q 0 0 0 rg BT 277.14 548.20 Td (the ) Tj ET Q q 0 0 0 rg BT 290.54 548.20 Td (number ) Tj ET Q q 0 0 0 rg BT 320.44 548.20 Td (of ) Tj ET Q q 0 0 0 rg BT 330.35 548.20 Td (wells. ) Tj ET Q q 0 0 0 rg BT 353.83 548.20 Td (These ) Tj ET Q q 0 0 0 rg BT 377.73 548.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 412.62 548.20 Td (may ) Tj ET Q q 0 0 0 rg BT 430.53 548.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 466.42 548.20 Td (be ) Tj ET Q q 0 0 0 rg BT 477.32 548.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 518.21 548.20 Td (by ) Tj ET Q q 0 0 0 rg BT 529.62 548.20 Td (the ) Tj ET Q q 0 0 0 rg BT 543.02 548.20 Td (customer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 537.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.84 537.40 Td (the ) Tj ET Q q 0 0 0 rg BT 59.68 537.40 Td (event ) Tj ET Q q 0 0 0 rg BT 82.02 537.40 Td (the ) Tj ET Q q 0 0 0 rg BT 95.86 537.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 125.20 537.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 138.04 537.40 Td (is ) Tj ET Q q 0 0 0 rg BT 146.89 537.40 Td (destroyed ) Tj ET Q q 0 0 0 rg BT 184.72 537.40 Td (or ) Tj ET Q q 0 0 0 rg BT 195.06 537.40 Td (lost ) Tj ET Q q 0 0 0 rg BT 210.91 537.40 Td (or ) Tj ET Q q 0 0 0 rg BT 221.25 537.40 Td (if ) Tj ET Q q 0 0 0 rg BT 229.60 537.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 258.94 537.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 299.27 537.40 Td (are ) Tj ET Q q 0 0 0 rg BT 313.10 537.40 Td (suspended ) Tj ET Q q 0 0 0 rg BT 353.44 537.40 Td (for ) Tj ET Q q 0 0 0 rg BT 366.78 537.40 Td (an ) Tj ET Q q 0 0 0 rg BT 378.12 537.40 Td (extended ) Tj ET Q q 0 0 0 rg BT 413.45 537.40 Td (period ) Tj ET Q q 0 0 0 rg BT 439.28 537.40 Td (of ) Tj ET Q q 0 0 0 rg BT 449.63 537.40 Td (time ) Tj ET Q q 0 0 0 rg BT 468.47 537.40 Td (as ) Tj ET Q q 0 0 0 rg BT 478.81 537.40 Td (a ) Tj ET Q q 0 0 0 rg BT 485.65 537.40 Td (result ) Tj ET Q q 0 0 0 rg BT 508.48 537.40 Td (of ) Tj ET Q q 0 0 0 rg BT 518.83 537.40 Td (a ) Tj ET Q q 0 0 0 rg BT 525.67 537.40 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 568.50 537.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 77.99 526.60 Td (force ) Tj ET Q q 0 0 0 rg BT 102.22 526.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 136.94 526.60 Td (events ) Tj ET Q q 0 0 0 rg BT 161.68 526.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 189.93 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.67 526.60 Td (control ) Tj ET Q q 0 0 0 rg BT 229.91 526.60 Td (of ) Tj ET Q q 0 0 0 rg BT 239.16 526.60 Td (either ) Tj ET Q q 0 0 0 rg BT 261.40 526.60 Td (party ) Tj ET Q q 0 0 0 rg BT 281.64 526.60 Td (or ) Tj ET Q q 0 0 0 rg BT 290.88 526.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 310.63 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.38 526.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 364.59 526.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.84 526.60 Td (other ) Tj ET Q q 0 0 0 rg BT 394.08 526.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 428.31 526.60 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 469.81 526.60 Td (In ) Tj ET Q q 0 0 0 rg BT 479.06 526.60 Td (some ) Tj ET Q q 0 0 0 rg BT 499.80 526.60 Td (instances, ) Tj ET Q q 0 0 0 rg BT 536.79 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 549.54 526.60 Td (dayrate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 515.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 67.79 515.80 Td (term ) Tj ET Q q 0 0 0 rg BT 87.09 515.80 Td (may ) Tj ET Q q 0 0 0 rg BT 105.39 515.80 Td (be ) Tj ET Q q 0 0 0 rg BT 116.69 515.80 Td (extended ) Tj ET Q q 0 0 0 rg BT 151.98 515.80 Td (by ) Tj ET Q q 0 0 0 rg BT 163.79 515.80 Td (the ) Tj ET Q q 0 0 0 rg BT 177.59 515.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 213.38 515.80 Td (exercising ) Tj ET Q q 0 0 0 rg BT 253.17 515.80 Td (options ) Tj ET Q q 0 0 0 rg BT 282.48 515.80 Td (for ) Tj ET Q q 0 0 0 rg BT 295.78 515.80 Td (the ) Tj ET Q q 0 0 0 rg BT 309.58 515.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 338.89 515.80 Td (of ) Tj ET Q q 0 0 0 rg BT 349.19 515.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 387.99 515.80 Td (wells ) Tj ET Q q 0 0 0 rg BT 409.79 515.80 Td (or ) Tj ET Q q 0 0 0 rg BT 420.10 515.80 Td (for ) Tj ET Q q 0 0 0 rg BT 433.40 515.80 Td (an ) Tj ET Q q 0 0 0 rg BT 444.70 515.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 483.50 515.80 Td (length ) Tj ET Q q 0 0 0 rg BT 508.80 515.80 Td (of ) Tj ET Q q 0 0 0 rg BT 519.10 515.80 Td (time ) Tj ET Q q 0 0 0 rg BT 537.90 515.80 Td (at ) Tj ET Q q 0 0 0 rg BT 547.20 515.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 568.50 515.80 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 505.00 Td (mutually ) Tj ET Q q 0 0 0 rg BT 70.25 505.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 96.48 505.00 Td (terms, ) Tj ET Q q 0 0 0 rg BT 120.97 505.00 Td (including ) Tj ET Q q 0 0 0 rg BT 157.22 505.00 Td (dayrates.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.42 477.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 79.34 477.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 113.25 477.40 Td (are ) Tj ET Q q 0 0 0 rg BT 125.66 477.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.08 477.40 Td (result ) Tj ET Q q 0 0 0 rg BT 159.49 477.40 Td (of ) Tj ET Q q 0 0 0 rg BT 168.41 477.40 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 213.83 477.40 Td (with ) Tj ET Q q 0 0 0 rg BT 231.25 477.40 Td (our ) Tj ET Q q 0 0 0 rg BT 244.67 477.40 Td (customers. ) Tj ET Q q 0 0 0 rg BT 284.84 477.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 300.26 477.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 330.18 477.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 358.10 477.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 392.01 477.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 426.91 477.40 Td (contain, ) Tj ET Q q 0 0 0 rg BT 457.08 477.40 Td (among ) Tj ET Q q 0 0 0 rg BT 482.99 477.40 Td (other ) Tj ET Q q 0 0 0 rg BT 502.91 477.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 528.59 477.40 Td (the ) Tj ET Q q 0 0 0 rg BT 541.00 477.40 Td (following ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 80.73 466.60 Td (terms:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 452.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 452.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 94.23 452.80 Td (duration ) Tj ET Q q 0 0 0 rg BT 126.47 452.80 Td (extending ) Tj ET Q q 0 0 0 rg BT 164.21 452.80 Td (over ) Tj ET Q q 0 0 0 rg BT 182.46 452.80 Td (a ) Tj ET Q q 0 0 0 rg BT 188.70 452.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 218.94 452.80 Td (period ) Tj ET Q q 0 0 0 rg BT 244.18 452.80 Td (of ) Tj ET Q q 0 0 0 rg BT 253.92 452.80 Td (time;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 439.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 439.00 Td (term ) Tj ET Q q 0 0 0 rg BT 81.74 439.00 Td (extension ) Tj ET Q q 0 0 0 rg BT 118.49 439.00 Td (options ) Tj ET Q q 0 0 0 rg BT 147.24 439.00 Td (in ) Tj ET Q q 0 0 0 rg BT 156.49 439.00 Td (favor ) Tj ET Q q 0 0 0 rg BT 177.73 439.00 Td (of ) Tj ET Q q 0 0 0 rg BT 187.48 439.00 Td (our ) Tj ET Q q 0 0 0 rg BT 201.72 439.00 Td (customer) Tj ET Q q 0 0 0 rg BT 234.35 439.00 Td (, ) Tj ET Q q 0 0 0 rg BT 238.85 439.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 274.58 439.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.83 439.00 Td (advance ) Tj ET Q q 0 0 0 rg BT 326.56 439.00 Td (notice ) Tj ET Q q 0 0 0 rg BT 350.80 439.00 Td (to ) Tj ET Q q 0 0 0 rg BT 360.05 439.00 Td (us, ) Tj ET Q q 0 0 0 rg BT 372.56 439.00 Td (at ) Tj ET Q q 0 0 0 rg BT 381.30 439.00 Td (mutually ) Tj ET Q q 0 0 0 rg BT 415.55 439.00 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 444.03 439.00 Td (indexed ) Tj ET Q q 0 0 0 rg BT 474.77 439.00 Td (or ) Tj ET Q q 0 0 0 rg BT 484.51 439.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 505.26 439.00 Td (rates;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 425.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 425.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 102.70 425.20 Td (permitting ) Tj ET Q q 0 0 0 rg BT 142.40 425.20 Td (early ) Tj ET Q q 0 0 0 rg BT 162.58 425.20 Td (termination ) Tj ET Q q 0 0 0 rg BT 206.27 425.20 Td (of ) Tj ET Q q 0 0 0 rg BT 215.97 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 229.16 425.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 260.34 425.20 Td (if ) Tj ET Q q 0 0 0 rg BT 268.04 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 281.24 425.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 309.94 425.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 322.13 425.20 Td (is ) Tj ET Q q 0 0 0 rg BT 330.34 425.20 Td (lost ) Tj ET Q q 0 0 0 rg BT 345.54 425.20 Td (or ) Tj ET Q q 0 0 0 rg BT 355.24 425.20 Td (destroyed, ) Tj ET Q q 0 0 0 rg BT 394.67 425.20 Td (if ) Tj ET Q q 0 0 0 rg BT 402.37 425.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 442.06 425.20 Td (are ) Tj ET Q q 0 0 0 rg BT 455.25 425.20 Td (suspended ) Tj ET Q q 0 0 0 rg BT 494.94 425.20 Td (for ) Tj ET Q q 0 0 0 rg BT 507.63 425.20 Td (an ) Tj ET Q q 0 0 0 rg BT 518.33 425.20 Td (extended ) Tj ET Q q 0 0 0 rg BT 553.01 425.20 Td (period ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 72.75 414.40 Td (time ) Tj ET Q q 0 0 0 rg BT 90.99 414.40 Td (due ) Tj ET Q q 0 0 0 rg BT 106.24 414.40 Td (to ) Tj ET Q q 0 0 0 rg BT 115.49 414.40 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 157.72 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 167.47 414.40 Td (major ) Tj ET Q q 0 0 0 rg BT 190.71 414.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 202.96 414.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 243.20 414.40 Td (or ) Tj ET Q q 0 0 0 rg BT 252.95 414.40 Td (force ) Tj ET Q q 0 0 0 rg BT 277.68 414.40 Td (majeure ) Tj ET Q q 0 0 0 rg BT 312.90 414.40 Td (events ) Tj ET Q q 0 0 0 rg BT 338.15 414.40 Td (beyond ) Tj ET Q q 0 0 0 rg BT 366.89 414.40 Td (our ) Tj ET Q q 0 0 0 rg BT 381.14 414.40 Td (control ) Tj ET Q q 0 0 0 rg BT 408.88 414.40 Td (and ) Tj ET Q q 0 0 0 rg BT 424.13 414.40 Td (the ) Tj ET Q q 0 0 0 rg BT 437.37 414.40 Td (control ) Tj ET Q q 0 0 0 rg BT 465.11 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 474.86 414.40 Td (the ) Tj ET Q q 0 0 0 rg BT 488.10 414.40 Td (customer;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 400.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 400.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 102.76 400.60 Td (allowing ) Tj ET Q q 0 0 0 rg BT 136.52 400.60 Td (early ) Tj ET Q q 0 0 0 rg BT 156.76 400.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 200.51 400.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.27 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.52 400.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 254.76 400.60 Td (by ) Tj ET Q q 0 0 0 rg BT 266.02 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.27 400.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 314.52 400.60 Td (without ) Tj ET Q q 0 0 0 rg BT 344.28 400.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 366.53 400.60 Td (with ) Tj ET Q q 0 0 0 rg BT 384.79 400.60 Td (a ) Tj ET Q q 0 0 0 rg BT 391.04 400.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 425.78 400.60 Td (early ) Tj ET Q q 0 0 0 rg BT 446.03 400.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 489.77 400.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 503.02 400.60 Td (or ) Tj ET Q q 0 0 0 rg BT 512.78 400.60 Td (a ) Tj ET Q q 0 0 0 rg BT 519.03 400.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 549.77 400.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 565.51 400.60 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 389.80 Td (a ) Tj ET Q q 0 0 0 rg BT 69.24 389.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 103.98 389.80 Td (period ) Tj ET Q q 0 0 0 rg BT 129.22 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 138.97 389.80 Td (time;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 376.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 376.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 96.86 376.00 Td (of ) Tj ET Q q 0 0 0 rg BT 107.23 376.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 160.08 376.00 Td (to ) Tj ET Q q 0 0 0 rg BT 169.95 376.00 Td (us ) Tj ET Q q 0 0 0 rg BT 180.83 376.00 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 220.17 376.00 Td (in ) Tj ET Q q 0 0 0 rg BT 230.04 376.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 248.92 376.00 Td (dollars ) Tj ET Q q 0 0 0 rg BT 276.28 376.00 Td (although ) Tj ET Q q 0 0 0 rg BT 310.65 376.00 Td (some ) Tj ET Q q 0 0 0 rg BT 332.52 376.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 367.87 376.00 Td (require ) Tj ET Q q 0 0 0 rg BT 396.22 376.00 Td (a ) Tj ET Q q 0 0 0 rg BT 403.09 376.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 431.96 376.00 Td (of ) Tj ET Q q 0 0 0 rg BT 442.32 376.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.19 376.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 509.04 376.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.92 376.00 Td (be ) Tj ET Q q 0 0 0 rg BT 530.28 376.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 548.64 376.00 Td (in ) Tj ET Q q 0 0 0 rg BT 558.51 376.00 Td (local ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 365.20 Td (currency\) ) Tj ET Q q 0 0 0 rg BT 99.57 365.20 Td (on ) Tj ET Q q 0 0 0 rg BT 110.67 365.20 Td (a ) Tj ET Q q 0 0 0 rg BT 116.77 365.20 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 145.35 365.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 165.45 365.20 Td (\(lower ) Tj ET Q q 0 0 0 rg BT 191.04 365.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 210.13 365.20 Td (or ) Tj ET Q q 0 0 0 rg BT 219.72 365.20 Td (no ) Tj ET Q q 0 0 0 rg BT 230.82 365.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 282.91 365.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 318.49 365.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 340.59 365.20 Td (during ) Tj ET Q q 0 0 0 rg BT 366.18 365.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 394.78 365.20 Td (of ) Tj ET Q q 0 0 0 rg BT 404.37 365.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 444.46 365.20 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 486.55 365.20 Td (and ) Tj ET Q q 0 0 0 rg BT 501.64 365.20 Td (repair ) Tj ET Q q 0 0 0 rg BT 524.73 365.20 Td (or ) Tj ET Q q 0 0 0 rg BT 534.32 365.20 Td (in ) Tj ET Q q 0 0 0 rg BT 543.42 365.20 Td (the ) Tj ET Q q 0 0 0 rg BT 556.52 365.20 Td (event ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 354.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.74 354.40 Td (are ) Tj ET Q q 0 0 0 rg BT 115.98 354.40 Td (suspended ) Tj ET Q q 0 0 0 rg BT 155.72 354.40 Td (or ) Tj ET Q q 0 0 0 rg BT 165.47 354.40 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 207.20 354.40 Td (by ) Tj ET Q q 0 0 0 rg BT 218.45 354.40 Td (other ) Tj ET Q q 0 0 0 rg BT 239.19 354.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 273.93 354.40 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 315.93 354.40 Td (some ) Tj ET Q q 0 0 0 rg BT 337.17 354.40 Td (of ) Tj ET Q q 0 0 0 rg BT 346.92 354.40 Td (which ) Tj ET Q q 0 0 0 rg BT 371.17 354.40 Td (may ) Tj ET Q q 0 0 0 rg BT 388.91 354.40 Td (be ) Tj ET Q q 0 0 0 rg BT 399.66 354.40 Td (beyond ) Tj ET Q q 0 0 0 rg BT 428.40 354.40 Td (our ) Tj ET Q q 0 0 0 rg BT 442.65 354.40 Td (control\);) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 340.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 340.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 96.24 340.60 Td (by ) Tj ET Q q 0 0 0 rg BT 107.49 340.60 Td (us ) Tj ET Q q 0 0 0 rg BT 117.74 340.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.49 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.73 340.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 176.97 340.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 211.71 340.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.46 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.70 340.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 263.45 340.60 Td (rig, ) Tj ET Q q 0 0 0 rg BT 277.95 340.60 Td (including ) Tj ET Q q 0 0 0 rg BT 314.20 340.60 Td (crew ) Tj ET Q q 0 0 0 rg BT 333.93 340.60 Td (labor ) Tj ET Q q 0 0 0 rg BT 354.67 340.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.92 340.60 Td (incidental ) Tj ET Q q 0 0 0 rg BT 407.65 340.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 419.90 340.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 446.15 340.60 Td (costs;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 326.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 326.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 102.75 326.80 Td (entitling ) Tj ET Q q 0 0 0 rg BT 135.00 326.80 Td (us ) Tj ET Q q 0 0 0 rg BT 145.25 326.80 Td (to ) Tj ET Q q 0 0 0 rg BT 154.50 326.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 199.75 326.80 Td (of ) Tj ET Q q 0 0 0 rg BT 209.50 326.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 241.73 326.80 Td (in ) Tj ET Q q 0 0 0 rg BT 250.98 326.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 293.70 326.80 Td (with ) Tj ET Q q 0 0 0 rg BT 311.95 326.80 Td (published ) Tj ET Q q 0 0 0 rg BT 349.19 326.80 Td (indices ) Tj ET Q q 0 0 0 rg BT 376.94 326.80 Td (or ) Tj ET Q q 0 0 0 rg BT 386.68 326.80 Td (otherwise;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 313.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 313.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 102.75 313.00 Td (requiring ) Tj ET Q q 0 0 0 rg BT 137.99 313.00 Td (us ) Tj ET Q q 0 0 0 rg BT 148.25 313.00 Td (or ) Tj ET Q q 0 0 0 rg BT 157.99 313.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 188.24 313.00 Td (to ) Tj ET Q q 0 0 0 rg BT 197.49 313.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 227.23 313.00 Td (a ) Tj ET Q q 0 0 0 rg BT 233.47 313.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 281.19 313.00 Td (guarantee;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 299.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 299.20 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 101.75 299.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 141.51 299.20 Td (between ) Tj ET Q q 0 0 0 rg BT 173.75 299.20 Td (us ) Tj ET Q q 0 0 0 rg BT 184.01 299.20 Td (and ) Tj ET Q q 0 0 0 rg BT 199.26 299.20 Td (our ) Tj ET Q q 0 0 0 rg BT 213.52 299.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 252.27 299.20 Td (in ) Tj ET Q q 0 0 0 rg BT 261.52 299.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 289.27 299.20 Td (of ) Tj ET Q q 0 0 0 rg BT 299.02 299.20 Td (third-party ) Tj ET Q q 0 0 0 rg BT 339.76 299.20 Td (claims ) Tj ET Q q 0 0 0 rg BT 365.51 299.20 Td (and ) Tj ET Q q 0 0 0 rg BT 380.77 299.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 396.52 299.20 Td (allocations ) Tj ET Q q 0 0 0 rg BT 437.77 299.20 Td (between ) Tj ET Q q 0 0 0 rg BT 470.01 299.20 Td (us ) Tj ET Q q 0 0 0 rg BT 480.27 299.20 Td (and ) Tj ET Q q 0 0 0 rg BT 495.52 299.20 Td (our ) Tj ET Q q 0 0 0 rg BT 509.77 299.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 548.52 299.20 Td (relating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 288.40 Td (to ) Tj ET Q q 0 0 0 rg BT 72.25 288.40 Td (damages, ) Tj ET Q q 0 0 0 rg BT 108.24 288.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 133.98 288.40 Td (or ) Tj ET Q q 0 0 0 rg BT 143.73 288.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 167.48 288.40 Td (to ) Tj ET Q q 0 0 0 rg BT 176.73 288.40 Td (us, ) Tj ET Q q 0 0 0 rg BT 189.23 288.40 Td (our ) Tj ET Q q 0 0 0 rg BT 203.48 288.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 242.22 288.40 Td (or ) Tj ET Q q 0 0 0 rg BT 251.97 288.40 Td (third ) Tj ET Q q 0 0 0 rg BT 271.22 288.40 Td (parties; ) Tj ET Q q 0 0 0 rg BT 299.96 288.40 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 274.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 274.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 103.44 274.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 143.87 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.81 274.60 Td (customer) Tj ET Q q 0 0 0 rg BT 191.13 274.60 Td () Tj ET Q q 0 0 0 rg BT 193.63 274.60 Td (s ) Tj ET Q q 0 0 0 rg BT 200.07 274.60 Td (assignment ) Tj ET Q q 0 0 0 rg BT 243.50 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.44 274.60 Td (a ) Tj ET Q q 0 0 0 rg BT 260.38 274.60 Td (third ) Tj ET Q q 0 0 0 rg BT 280.31 274.60 Td (party ) Tj ET Q q 0 0 0 rg BT 301.74 274.60 Td (with ) Tj ET Q q 0 0 0 rg BT 320.68 274.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.62 274.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 356.05 274.60 Td (consent, ) Tj ET Q q 0 0 0 rg BT 388.73 274.60 Td (such ) Tj ET Q q 0 0 0 rg BT 408.16 274.60 Td (consent ) Tj ET Q q 0 0 0 rg BT 438.59 274.60 Td (not ) Tj ET Q q 0 0 0 rg BT 453.03 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 462.97 274.60 Td (be ) Tj ET Q q 0 0 0 rg BT 474.40 274.60 Td (unreasonably ) Tj ET Q q 0 0 0 rg BT 525.32 274.60 Td (withheld. ) Tj ET Q q 0 0 0 rg BT 562.01 274.60 Td (Our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 263.80 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 121.88 263.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 161.29 263.80 Td (may ) Tj ET Q q 0 0 0 rg BT 178.68 263.80 Td (not ) Tj ET Q q 0 0 0 rg BT 192.08 263.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 213.97 263.80 Td (all ) Tj ET Q q 0 0 0 rg BT 224.86 263.80 Td (damages, ) Tj ET Q q 0 0 0 rg BT 260.50 263.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 285.89 263.80 Td (or ) Tj ET Q q 0 0 0 rg BT 295.29 263.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 318.69 263.80 Td (to ) Tj ET Q q 0 0 0 rg BT 327.59 263.80 Td (us ) Tj ET Q q 0 0 0 rg BT 337.49 263.80 Td (or ) Tj ET Q q 0 0 0 rg BT 346.89 263.80 Td (third ) Tj ET Q q 0 0 0 rg BT 365.78 263.80 Td (parties, ) Tj ET Q q 0 0 0 rg BT 393.92 263.80 Td (and ) Tj ET Q q 0 0 0 rg BT 408.82 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 421.71 263.80 Td (indemnifying ) Tj ET Q q 0 0 0 rg BT 472.10 263.80 Td (party ) Tj ET Q q 0 0 0 rg BT 492.50 263.80 Td (may ) Tj ET Q q 0 0 0 rg BT 509.89 263.80 Td (not ) Tj ET Q q 0 0 0 rg BT 523.29 263.80 Td (have ) Tj ET Q q 0 0 0 rg BT 542.18 263.80 Td (suf) Tj ET Q q 0 0 0 rg BT 553.02 263.80 Td (ficient ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 253.00 Td (resources ) Tj ET Q q 0 0 0 rg BT 98.99 253.00 Td (to ) Tj ET Q q 0 0 0 rg BT 108.00 253.00 Td (cover ) Tj ET Q q 0 0 0 rg BT 129.99 253.00 Td (its ) Tj ET Q q 0 0 0 rg BT 140.50 253.00 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 199.49 253.00 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 243.74 253.00 Td (In ) Tj ET Q q 0 0 0 rg BT 253.25 253.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 287.00 253.00 Td (our ) Tj ET Q q 0 0 0 rg BT 301.00 253.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 329.51 253.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 364.00 253.00 Td (typically ) Tj ET Q q 0 0 0 rg BT 397.50 253.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 427.00 253.00 Td (for ) Tj ET Q q 0 0 0 rg BT 439.50 253.00 Td (situations ) Tj ET Q q 0 0 0 rg BT 476.00 253.00 Td (where ) Tj ET Q q 0 0 0 rg BT 500.00 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 513.00 253.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 541.50 253.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 553.51 253.00 Td (would ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 242.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 91.73 242.20 Td (at ) Tj ET Q q 0 0 0 rg BT 100.48 242.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 131.21 242.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 167.44 242.20 Td (dayrates.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 214.60 Td (Employment ) Tj ET Q q 0 0 0 rg BT 87.75 214.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.50 214.60 Td (Our) Tj ET Q q 0 0 0 rg BT 113.33 214.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.58 214.60 Td (Fleet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 200.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.25 200.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 90.99 200.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 118.24 200.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 153.98 200.80 Td (of ) Tj ET Q q 0 0 0 rg BT 163.73 200.80 Td (major ) Tj ET Q q 0 0 0 rg BT 186.97 200.80 Td (integrated ) Tj ET Q q 0 0 0 rg BT 225.20 200.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 236.95 200.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 279.78 200.80 Td (W) Tj ET Q q 0 0 0 rg BT 287.55 200.80 Td (e ) Tj ET Q q 0 0 0 rg BT 293.80 200.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 328.53 200.80 Td (have ) Tj ET Q q 0 0 0 rg BT 347.77 200.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 382.50 200.80 Td (with ) Tj ET Q q 0 0 0 rg BT 400.75 200.80 Td (Statoil, ) Tj ET Q q 0 0 0 rg BT 428.76 200.80 Td (ExxonMobil, ) Tj ET Q q 0 0 0 rg BT 478.76 200.80 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 536.52 200.80 Td (and ) Tj ET Q q 0 0 0 rg BT 551.60 200.80 Td (T) Tj ET Q q 0 0 0 rg BT 556.47 200.80 Td (otal.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.22 173.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 83.43 173.20 Td (backlog ) Tj ET Q q 0 0 0 rg BT 114.14 173.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 146.36 173.20 Td (firm ) Tj ET Q q 0 0 0 rg BT 164.08 173.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 215.30 173.20 Td (only) Tj ET Q q 0 0 0 rg BT 230.71 173.20 Td (, ) Tj ET Q q 0 0 0 rg BT 235.19 173.20 Td (which ) Tj ET Q q 0 0 0 rg BT 259.41 173.20 Td (are ) Tj ET Q q 0 0 0 rg BT 272.62 173.20 Td (represented ) Tj ET Q q 0 0 0 rg BT 316.32 173.20 Td (by ) Tj ET Q q 0 0 0 rg BT 327.54 173.20 Td (signed ) Tj ET Q q 0 0 0 rg BT 353.27 173.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 381.99 173.20 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 418.46 173.20 Td (As ) Tj ET Q q 0 0 0 rg BT 430.68 173.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.41 173.20 Td (March31, ) Tj ET Q q 0 0 0 rg BT 479.62 173.20 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.62 173.20 Td (, ) Tj ET Q q 0 0 0 rg BT 502.09 173.20 Td (our ) Tj ET Q q 0 0 0 rg BT 516.32 173.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 547.52 173.20 Td (backlog ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.40 Td (was ) Tj ET Q q 0 0 0 rg BT 52.09 162.40 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.16 162.40 Td ($630 ) Tj ET Q q 0 0 0 rg BT 126.25 162.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.25 162.40 Td (, ) Tj ET Q q 0 0 0 rg BT 156.59 162.40 Td (and ) Tj ET Q q 0 0 0 rg BT 171.68 162.40 Td (was ) Tj ET Q q 0 0 0 rg BT 187.76 162.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 230.84 162.40 Td (to ) Tj ET Q q 0 0 0 rg BT 239.93 162.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.00 162.40 Td (we ) Tj ET Q q 0 0 0 rg BT 286.58 162.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 312.16 162.40 Td (to ) Tj ET Q q 0 0 0 rg BT 321.25 162.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 353.81 162.40 Td (from ) Tj ET Q q 0 0 0 rg BT 373.40 162.40 Td (all ) Tj ET Q q 0 0 0 rg BT 384.48 162.40 Td (of ) Tj ET Q q 0 0 0 rg BT 394.07 162.40 Td (our ) Tj ET Q q 0 0 0 rg BT 408.16 162.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 436.75 162.40 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 454.43 162.40 Td (W) Tj ET Q q 0 0 0 rg BT 462.21 162.40 Td (e ) Tj ET Q q 0 0 0 rg BT 468.29 162.40 Td (calculate ) Tj ET Q q 0 0 0 rg BT 502.36 162.40 Td (our ) Tj ET Q q 0 0 0 rg BT 516.44 162.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 547.52 162.40 Td (backlog ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.60 Td (by ) Tj ET Q q 0 0 0 rg BT 46.77 151.60 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 90.54 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 103.31 151.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 145.06 151.60 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 173.31 151.60 Td (by ) Tj ET Q q 0 0 0 rg BT 184.08 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.84 151.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 233.61 151.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 267.36 151.60 Td (number ) Tj ET Q q 0 0 0 rg BT 296.63 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 305.89 151.60 Td (days ) Tj ET Q q 0 0 0 rg BT 324.16 151.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 364.42 151.60 Td (under ) Tj ET Q q 0 0 0 rg BT 386.68 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.45 151.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 433.70 151.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 473.96 151.60 Td (options ) Tj ET Q q 0 0 0 rg BT 502.23 151.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.00 151.60 Td (extend\), ) Tj ET Q q 0 0 0 rg BT 542.01 151.60 Td (assuming ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.80 Td (full ) Tj ET Q q 0 0 0 rg BT 50.44 140.80 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 90.99 140.80 Td (The ) Tj ET Q q 0 0 0 rg BT 106.93 140.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 130.36 140.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 159.31 140.80 Td (of ) Tj ET Q q 0 0 0 rg BT 168.75 140.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 202.68 140.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 228.61 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 243.55 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 256.49 140.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 279.92 140.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 308.36 140.80 Td (during ) Tj ET Q q 0 0 0 rg BT 333.81 140.80 Td (which ) Tj ET Q q 0 0 0 rg BT 357.75 140.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 391.68 140.80 Td (are ) Tj ET Q q 0 0 0 rg BT 404.61 140.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 430.54 140.80 Td (may ) Tj ET Q q 0 0 0 rg BT 447.98 140.80 Td (dif) Tj ET Q q 0 0 0 rg BT 457.82 140.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 469.75 140.80 Td (from ) Tj ET Q q 0 0 0 rg BT 489.19 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 502.14 140.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 534.58 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 549.52 140.80 Td (periods ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.00 Td (shown ) Tj ET Q q 0 0 0 rg BT 62.15 130.00 Td (in ) Tj ET Q q 0 0 0 rg BT 71.80 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.44 130.00 Td (table ) Tj ET Q q 0 0 0 rg BT 105.58 130.00 Td (below ) Tj ET Q q 0 0 0 rg BT 130.23 130.00 Td (due ) Tj ET Q q 0 0 0 rg BT 145.87 130.00 Td (to, ) Tj ET Q q 0 0 0 rg BT 157.77 130.00 Td (for ) Tj ET Q q 0 0 0 rg BT 170.91 130.00 Td (example, ) Tj ET Q q 0 0 0 rg BT 206.30 130.00 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 239.94 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 255.58 130.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 303.71 130.00 Td (projects, ) Tj ET Q q 0 0 0 rg BT 337.10 130.00 Td (downtime ) Tj ET Q q 0 0 0 rg BT 375.74 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 391.38 130.00 Td (other ) Tj ET Q q 0 0 0 rg BT 412.53 130.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 439.66 130.00 Td (that ) Tj ET Q q 0 0 0 rg BT 455.81 130.00 Td (result ) Tj ET Q q 0 0 0 rg BT 478.45 130.00 Td (in ) Tj ET Q q 0 0 0 rg BT 488.10 130.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 511.24 130.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 545.87 130.00 Td (than ) Tj ET Q q 0 0 0 rg BT 564.02 130.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 119.20 Td (average ) Tj ET Q q 0 0 0 rg BT 66.23 119.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 97.46 119.20 Td (backlog ) Tj ET Q q 0 0 0 rg BT 128.20 119.20 Td (per ) Tj ET Q q 0 0 0 rg BT 141.94 119.20 Td (day) Tj ET Q q 0 0 0 rg BT 154.35 119.20 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 91.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.16 91.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 75.82 91.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 104.99 91.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.65 91.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 148.81 91.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 174.96 91.60 Td (may ) Tj ET Q q 0 0 0 rg BT 192.63 91.60 Td (also ) Tj ET Q q 0 0 0 rg BT 209.29 91.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 242.95 91.60 Td (due ) Tj ET Q q 0 0 0 rg BT 258.11 91.60 Td (to ) Tj ET Q q 0 0 0 rg BT 267.28 91.60 Td (parts ) Tj ET Q q 0 0 0 rg BT 286.95 91.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.62 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.78 91.60 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 341.94 91.60 Td (being ) Tj ET Q q 0 0 0 rg BT 364.10 91.60 Td (received ) Tj ET Q q 0 0 0 rg BT 396.75 91.60 Td (in ) Tj ET Q q 0 0 0 rg BT 405.92 91.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 448.08 91.60 Td (kroner) Tj ET Q q 0 0 0 rg BT 471.07 91.60 Td (. ) Tj ET Q q 0 0 0 rg BT 475.01 91.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 531.67 91.60 Td (20% ) Tj ET Q q 0 0 0 rg BT 550.34 91.60 Td (to ) Tj ET Q q 0 0 0 rg BT 559.51 91.60 Td (50% ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 80.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.97 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.45 80.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 91.91 80.80 Td (are ) Tj ET Q q 0 0 0 rg BT 105.37 80.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 135.83 80.80 Td (in ) Tj ET Q q 0 0 0 rg BT 145.31 80.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 187.78 80.80 Td (kroner) Tj ET Q q 0 0 0 rg BT 210.90 80.80 Td (, ) Tj ET Q q 0 0 0 rg BT 215.63 80.80 Td (which ) Tj ET Q q 0 0 0 rg BT 240.10 80.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 294.56 80.80 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 340.53 80.80 Td (to ) Tj ET Q q 0 0 0 rg BT 350.01 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 363.48 80.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 392.95 80.80 Td (of ) Tj ET Q q 0 0 0 rg BT 402.93 80.80 Td (operational ) Tj ET Q q 0 0 0 rg BT 445.89 80.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.85 80.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 498.83 80.80 Td (in ) Tj ET Q q 0 0 0 rg BT 508.31 80.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 550.77 80.80 Td (kroner) Tj ET Q q 0 0 0 rg BT 573.76 80.80 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 70.00 Td (As ) Tj ET Q q 0 0 0 rg BT 47.59 70.00 Td (a ) Tj ET Q q 0 0 0 rg BT 53.18 70.00 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.01 70.00 Td (our ) Tj ET Q q 0 0 0 rg BT 90.60 70.00 Td (net ) Tj ET Q q 0 0 0 rg BT 103.18 70.00 Td (operational ) Tj ET Q q 0 0 0 rg BT 145.26 70.00 Td (profit ) Tj ET Q q 0 0 0 rg BT 166.84 70.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 202.91 70.00 Td (in ) Tj ET Q q 0 0 0 rg BT 211.50 70.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 229.10 70.00 Td (dollars ) Tj ET Q q 0 0 0 rg BT 255.18 70.00 Td (is ) Tj ET Q q 0 0 0 rg BT 262.78 70.00 Td (minimally ) Tj ET Q q 0 0 0 rg BT 301.36 70.00 Td (af) Tj ET Q q 0 0 0 rg BT 308.19 70.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 331.76 70.00 Td (by ) Tj ET Q q 0 0 0 rg BT 342.35 70.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 375.42 70.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 419.50 70.00 Td (on ) Tj ET Q q 0 0 0 rg BT 430.09 70.00 Td (a ) Tj ET Q q 0 0 0 rg BT 435.68 70.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 470.76 70.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 490.35 70.00 Td (even ) Tj ET Q q 0 0 0 rg BT 508.93 70.00 Td (though ) Tj ET Q q 0 0 0 rg BT 535.52 70.00 Td (operational ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 59.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 70.11 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 84.73 59.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 118.33 59.20 Td (may ) Tj ET Q q 0 0 0 rg BT 135.45 59.20 Td (be ) Tj ET Q q 0 0 0 rg BT 145.57 59.20 Td (af) Tj ET Q q 0 0 0 rg BT 152.40 59.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 176.00 59.20 Td (individually) Tj ET Q q 0 0 0 rg BT 218.92 59.20 Td (. ) Tj ET Q q 0 0 0 rg BT 222.79 59.20 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 264.40 59.20 Td (kroner ) Tj ET Q q 0 0 0 rg BT 289.51 59.20 Td (elements ) Tj ET Q q 0 0 0 rg BT 323.12 59.20 Td (of ) Tj ET Q q 0 0 0 rg BT 332.24 59.20 Td (future ) Tj ET Q q 0 0 0 rg BT 355.35 59.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 385.95 59.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 416.06 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 430.67 59.20 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 458.78 59.20 Td (information ) Tj ET Q q 0 0 0 rg BT 502.89 59.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 536.51 59.20 Td (throughout ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 48.40 Td (this ) Tj ET Q q 0 0 0 rg BT 50.94 48.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 79.93 48.40 Td (Report ) Tj ET Q q 0 0 0 rg BT 106.92 48.40 Td (have ) Tj ET Q q 0 0 0 rg BT 126.40 48.40 Td (been ) Tj ET Q q 0 0 0 rg BT 145.88 48.40 Td (converted ) Tj ET Q q 0 0 0 rg BT 183.85 48.40 Td (into ) Tj ET Q q 0 0 0 rg BT 200.34 48.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 218.83 48.40 Td (dollars ) Tj ET Q q 0 0 0 rg BT 245.82 48.40 Td (using ) Tj ET Q q 0 0 0 rg BT 267.81 48.40 Td (an ) Tj ET Q q 0 0 0 rg BT 278.80 48.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 315.27 48.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 331.25 48.40 Td (of ) Tj ET Q q 0 0 0 rg BT 341.23 48.40 Td (USD ) Tj ET Q q 0 0 0 rg BT 361.73 48.40 Td ($1 ) Tj ET Q q 0 0 0 rg BT 373.22 48.40 Td (to ) Tj ET Q q 0 0 0 rg BT 382.71 48.40 Td (NOK8.74 ) Tj ET Q q 0 0 0 rg BT 420.45 48.40 Td (, ) Tj ET Q q 0 0 0 rg BT 425.19 48.40 Td (as ) Tj ET Q q 0 0 0 rg BT 435.18 48.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.17 48.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 498.13 48.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.13 48.40 Td (, ) Tj ET Q q 0 0 0 rg BT 520.87 48.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 563.77 48.40 Td (. ) Tj ET Q q 0 0 0 rg BT 568.51 48.40 Td (In ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 69.48 749.80 Td (we ) Tj ET Q q 0 0 0 rg BT 81.71 749.80 Td (may ) Tj ET Q q 0 0 0 rg BT 98.95 749.80 Td (enter ) Tj ET Q q 0 0 0 rg BT 118.67 749.80 Td (into ) Tj ET Q q 0 0 0 rg BT 134.41 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 162.64 749.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 196.86 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 212.10 749.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 240.32 749.80 Td (bonus ) Tj ET Q q 0 0 0 rg BT 263.56 749.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 299.79 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 308.53 749.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 333.76 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 342.99 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 355.72 749.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 378.45 749.80 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 406.67 749.80 Td (if ) Tj ET Q q 0 0 0 rg BT 413.90 749.80 Td (we ) Tj ET Q q 0 0 0 rg BT 426.13 749.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 445.36 749.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 471.58 749.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 497.30 749.80 Td (operational ) Tj ET Q q 0 0 0 rg BT 539.52 749.80 Td (objectives ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (under ) Tj ET Q q 0 0 0 rg BT 58.74 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 71.99 739.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 111.22 739.00 Td (contract. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 711.40 Td (firm ) Tj ET Q q 0 0 0 rg BT 69.99 711.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 121.23 711.40 Td (that ) Tj ET Q q 0 0 0 rg BT 136.98 711.40 Td (comprise ) Tj ET Q q 0 0 0 rg BT 172.22 711.40 Td (our ) Tj ET Q q 0 0 0 rg BT 186.46 711.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 217.70 711.40 Td (backlog ) Tj ET Q q 0 0 0 rg BT 248.44 711.40 Td (as ) Tj ET Q q 0 0 0 rg BT 258.18 711.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.93 711.40 Td (March31, ) Tj ET Q q 0 0 0 rg BT 307.17 711.40 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.17 711.40 Td ( ) Tj ET Q q 0 0 0 rg BT 327.42 711.40 Td (are ) Tj ET Q q 0 0 0 rg BT 340.66 711.40 Td (as ) Tj ET Q q 0 0 0 rg BT 350.40 711.40 Td (follows. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 665.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.50 665.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 665.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 665.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 665.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 665.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 637.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.50 637.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 637.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 637.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 637.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 637.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 609.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.50 609.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 609.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 609.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 609.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 609.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 581.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.50 581.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 581.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 581.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 581.90 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 581.90 90.00 -14.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 670.35 Td (Drilling Rig) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 149.25 679.35 Td (Contracted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 153.95 670.35 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.95 670.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.00 670.35 Td (Customer) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.99 670.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.75 688.50 Td (Contractual) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.60 679.50 Td (Daily Rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.34 679.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.40 670.36 Td ($'000s) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.85 679.35 Td (Contract Start) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.00 670.35 Td (Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.99 670.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 688.35 Td (Earliest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.20 679.35 Td (Expiration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.00 670.35 Td (Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.99 670.35 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 656.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 656.35 Td (est ) Tj ET Q q 0 0 0 rg BT 57.76 656.35 Td (Alpha) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 656.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.20 656.36 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.00 656.36 Td ($501) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.35 656.36 Td (January 1, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.85 656.36 Td (July 1, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 642.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 642.35 Td (est Elara) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 642.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.10 642.36 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 268.60 646.44 Td ( \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.00 642.36 Td ($312) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.60 642.36 Td (March 1, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.35 642.36 Td (March 30, 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 628.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 628.35 Td (est Epsilon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 628.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 249.20 634.60 23.50 -8.18 re f /GS0 gs q 0 0 0 rg BT 249.20 628.36 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 634.60 18.00 -8.18 re f /GS0 gs q 0 0 0 rg BT 342.00 628.36 Td ($242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.60 628.36 Td (December 28, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.85 628.36 Td (December 1, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 614.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 614.35 Td (est Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 614.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.65 614.36 Td (ConocoPhillips) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 281.16 618.44 Td ( \(2\)\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.00 614.36 Td ($327) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.10 614.36 Td (May 1, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.10 614.36 Td (May 1, 2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 600.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 600.35 Td (est Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 600.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.70 600.36 Td (A) Tj ET Q q 0 0 0 rg BT 245.53 600.36 Td (vailable) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 274.02 604.44 Td ( \(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.25 600.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.50 600.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.50 600.36 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 586.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 586.35 Td (est Phoenix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 164.50 586.36 Td (UK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.80 586.36 Td (T) Tj ET Q q 0 0 0 rg BT 256.67 586.36 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.00 586.36 Td ($280) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.85 586.36 Td (April 1, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.10 586.36 Td (September 1, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 572.35 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 572.35 Td (est V) Tj ET Q q 0 0 0 rg BT 62.42 572.35 Td (entur) Tj ET Q q 0 0 0 rg BT 81.08 572.35 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 572.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.70 572.36 Td (A) Tj ET Q q 0 0 0 rg BT 245.53 572.36 Td (vailable) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 274.02 576.44 Td ( \(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.25 572.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.50 572.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.50 572.36 Td () Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 554.60 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.80 Td (For ) Tj ET Q q 0 0 0 rg BT 50.50 540.80 Td (our ) Tj ET Q q 0 0 0 rg BT 64.49 540.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 92.98 540.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 108.48 540.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.46 540.80 Td (in ) Tj ET Q q 0 0 0 rg BT 153.46 540.80 Td (Norway) Tj ET Q q 0 0 0 rg BT 181.86 540.80 Td (, ) Tj ET Q q 0 0 0 rg BT 186.11 540.80 Td (the ) Tj ET Q q 0 0 0 rg BT 199.10 540.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 231.08 540.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 252.57 540.80 Td (in ) Tj ET Q q 0 0 0 rg BT 261.57 540.80 Td (the ) Tj ET Q q 0 0 0 rg BT 274.56 540.80 Td (table ) Tj ET Q q 0 0 0 rg BT 294.04 540.80 Td (above ) Tj ET Q q 0 0 0 rg BT 317.53 540.80 Td (include ) Tj ET Q q 0 0 0 rg BT 346.01 540.80 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 393.25 540.80 Td (as ) Tj ET Q q 0 0 0 rg BT 402.75 540.80 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 443.97 540.80 Td (ef) Tj ET Q q 0 0 0 rg BT 450.80 540.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 477.28 540.80 Td (from ) Tj ET Q q 0 0 0 rg BT 496.77 540.80 Td (July1, ) Tj ET Q q 0 0 0 rg BT 522.76 540.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 545.01 540.80 Td (pursuant ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 530.00 Td (to ) Tj ET Q q 0 0 0 rg BT 44.56 530.00 Td (the ) Tj ET Q q 0 0 0 rg BT 57.12 530.00 Td (NR ) Tj ET Q q 0 0 0 rg BT 71.19 530.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.18 530.00 Td (Nor) Tj ET Q q 0 0 0 rg BT 87.85 530.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 101.41 530.00 Td (Rederiforbund) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.91 530.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 158.47 530.00 Td (tarif) Tj ET Q q 0 0 0 rg BT 173.29 530.00 Td (f, ) Tj ET Q q 0 0 0 rg BT 180.10 530.00 Td (a ) Tj ET Q q 0 0 0 rg BT 185.66 530.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 227.21 530.00 Td (of) Tj ET Q q 0 0 0 rg BT 234.54 530.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 258.60 530.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 289.66 530.00 Td (tarif) Tj ET Q q 0 0 0 rg BT 304.49 530.00 Td (f. ) Tj ET Q q 0 0 0 rg BT 311.18 530.00 Td (The ) Tj ET Q q 0 0 0 rg BT 326.74 530.00 Td (daily ) Tj ET Q q 0 0 0 rg BT 346.30 530.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 361.34 530.00 Td (for ) Tj ET Q q 0 0 0 rg BT 373.40 530.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.96 530.00 Td (W) Tj ET Q q 0 0 0 rg BT 392.63 530.00 Td (est ) Tj ET Q q 0 0 0 rg BT 404.19 530.00 Td (Phoenix,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.93 530.00 Td ( ) Tj ET Q q 0 0 0 rg BT 437.49 530.00 Td (which ) Tj ET Q q 0 0 0 rg BT 461.05 530.00 Td (operates ) Tj ET Q q 0 0 0 rg BT 492.59 530.00 Td (in ) Tj ET Q q 0 0 0 rg BT 501.16 530.00 Td (the ) Tj ET Q q 0 0 0 rg BT 513.71 530.00 Td (United ) Tj ET Q q 0 0 0 rg BT 539.77 530.00 Td (Kingdom, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 519.20 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 519.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 72.00 519.20 Td (to ) Tj ET Q q 0 0 0 rg BT 81.25 519.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 107.49 519.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 123.22 519.20 Td (revisions ) Tj ET Q q 0 0 0 rg BT 157.97 519.20 Td (based ) Tj ET Q q 0 0 0 rg BT 180.71 519.20 Td (on ) Tj ET Q q 0 0 0 rg BT 191.96 519.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 223.20 519.20 Td (in ) Tj ET Q q 0 0 0 rg BT 232.45 519.20 Td (indices ) Tj ET Q q 0 0 0 rg BT 260.19 519.20 Td (derived ) Tj ET Q q 0 0 0 rg BT 289.43 519.20 Td (from ) Tj ET Q q 0 0 0 rg BT 309.17 519.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.42 519.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 340.67 519.20 Td (Department ) Tj ET Q q 0 0 0 rg BT 385.40 519.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.15 519.20 Td (Labor) Tj ET Q q 0 0 0 rg BT 416.28 519.20 Td (, ) Tj ET Q q 0 0 0 rg BT 420.78 519.20 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 449.02 519.20 Td (of ) Tj ET Q q 0 0 0 rg BT 458.77 519.20 Td (Labor ) Tj ET Q q 0 0 0 rg BT 482.51 519.20 Td (Statistics. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 491.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 71.00 491.60 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 96.83 491.60 Td (has ) Tj ET Q q 0 0 0 rg BT 111.15 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.47 491.60 Td (option ) Tj ET Q q 0 0 0 rg BT 149.80 491.60 Td (to ) Tj ET Q q 0 0 0 rg BT 159.12 491.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 185.44 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.76 491.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 230.07 491.60 Td (until ) Tj ET Q q 0 0 0 rg BT 248.90 491.60 Td (March ) Tj ET Q q 0 0 0 rg BT 274.71 491.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 295.04 491.60 Td (on ) Tj ET Q q 0 0 0 rg BT 306.36 491.60 Td (identical ) Tj ET Q q 0 0 0 rg BT 339.67 491.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 361.99 491.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 382.32 491.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 406.63 491.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.96 491.60 Td (us ) Tj ET Q q 0 0 0 rg BT 426.29 491.60 Td (one ) Tj ET Q q 0 0 0 rg BT 441.61 491.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.93 491.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.25 491.60 Td (half ) Tj ET Q q 0 0 0 rg BT 479.57 491.60 Td (years ) Tj ET Q q 0 0 0 rg BT 500.88 491.60 Td (before ) Tj ET Q q 0 0 0 rg BT 526.19 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 539.51 491.60 Td (expiration ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 480.80 Td (of ) Tj ET Q q 0 0 0 rg BT 80.75 480.80 Td (the ) Tj ET Q q 0 0 0 rg BT 93.99 480.80 Td (firm ) Tj ET Q q 0 0 0 rg BT 111.74 480.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 142.97 480.80 Td (period. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 467.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 71.00 467.00 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 128.32 467.00 Td (has ) Tj ET Q q 0 0 0 rg BT 142.13 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.94 467.00 Td (option ) Tj ET Q q 0 0 0 rg BT 179.76 467.00 Td (to ) Tj ET Q q 0 0 0 rg BT 188.58 467.00 Td (extend ) Tj ET Q q 0 0 0 rg BT 214.38 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.19 467.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 257.99 467.00 Td (from ) Tj ET Q q 0 0 0 rg BT 277.30 467.00 Td (five ) Tj ET Q q 0 0 0 rg BT 293.10 467.00 Td (to ) Tj ET Q q 0 0 0 rg BT 301.92 467.00 Td (seven ) Tj ET Q q 0 0 0 rg BT 324.23 467.00 Td (years ) Tj ET Q q 0 0 0 rg BT 345.03 467.00 Td (at ) Tj ET Q q 0 0 0 rg BT 353.34 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 366.15 467.00 Td (same ) Tj ET Q q 0 0 0 rg BT 386.46 467.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 414.75 467.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 434.57 467.00 Td (notice ) Tj ET Q q 0 0 0 rg BT 458.37 467.00 Td (to ) Tj ET Q q 0 0 0 rg BT 467.19 467.00 Td (us ) Tj ET Q q 0 0 0 rg BT 477.01 467.00 Td (which ) Tj ET Q q 0 0 0 rg BT 500.82 467.00 Td (expires ) Tj ET Q q 0 0 0 rg BT 528.62 467.00 Td (in ) Tj ET Q q 0 0 0 rg BT 537.44 467.00 Td (May ) Tj ET Q q 0 0 0 rg BT 555.75 467.00 Td (2017. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 456.20 Td (In ) Tj ET Q q 0 0 0 rg BT 80.63 456.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 114.51 456.20 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 172.16 456.20 Td (has ) Tj ET Q q 0 0 0 rg BT 186.29 456.20 Td (the ) Tj ET Q q 0 0 0 rg BT 199.42 456.20 Td (option ) Tj ET Q q 0 0 0 rg BT 224.56 456.20 Td (to ) Tj ET Q q 0 0 0 rg BT 233.69 456.20 Td (extend ) Tj ET Q q 0 0 0 rg BT 259.82 456.20 Td (the ) Tj ET Q q 0 0 0 rg BT 272.95 456.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 304.07 456.20 Td (for ) Tj ET Q q 0 0 0 rg BT 316.70 456.20 Td (two ) Tj ET Q q 0 0 0 rg BT 332.33 456.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 370.46 456.20 Td (two-year ) Tj ET Q q 0 0 0 rg BT 404.58 456.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 433.21 456.20 Td (at ) Tj ET Q q 0 0 0 rg BT 441.84 456.20 Td (a ) Tj ET Q q 0 0 0 rg BT 447.97 456.20 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 476.59 456.20 Td (that ) Tj ET Q q 0 0 0 rg BT 492.22 456.20 Td (is ) Tj ET Q q 0 0 0 rg BT 500.36 456.20 Td ($10,000 ) Tj ET Q q 0 0 0 rg BT 531.74 456.20 Td (less ) Tj ET Q q 0 0 0 rg BT 547.38 456.20 Td (than ) Tj ET Q q 0 0 0 rg BT 565.01 456.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 445.40 Td (current ) Tj ET Q q 0 0 0 rg BT 98.73 445.40 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 127.47 445.40 Td (for ) Tj ET Q q 0 0 0 rg BT 140.21 445.40 Td (the ) Tj ET Q q 0 0 0 rg BT 153.45 445.40 Td (extension ) Tj ET Q q 0 0 0 rg BT 190.20 445.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 218.94 445.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 239.19 445.40 Td (24 ) Tj ET Q q 0 0 0 rg BT 250.44 445.40 Td (months) Tj ET Q q 0 0 0 rg BT 279.27 445.40 Td ( ) Tj ET Q q 0 0 0 rg BT 281.52 445.40 Td (notice ) Tj ET Q q 0 0 0 rg BT 305.76 445.40 Td (to ) Tj ET Q q 0 0 0 rg BT 315.02 445.40 Td (us ) Tj ET Q q 0 0 0 rg BT 325.27 445.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 345.01 445.40 Td (to ) Tj ET Q q 0 0 0 rg BT 354.26 445.40 Td (the ) Tj ET Q q 0 0 0 rg BT 367.51 445.40 Td (expiration ) Tj ET Q q 0 0 0 rg BT 406.25 445.40 Td (of ) Tj ET Q q 0 0 0 rg BT 415.99 445.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.24 445.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 460.47 445.40 Td (period.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 431.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 71.00 431.60 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 106.26 431.60 Td ($12,430 ) Tj ET Q q 0 0 0 rg BT 137.78 431.60 Td (per ) Tj ET Q q 0 0 0 rg BT 151.54 431.60 Td (day ) Tj ET Q q 0 0 0 rg BT 166.81 431.60 Td (which ) Tj ET Q q 0 0 0 rg BT 191.08 431.60 Td (we ) Tj ET Q q 0 0 0 rg BT 203.84 431.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 232.09 431.60 Td (in ) Tj ET Q q 0 0 0 rg BT 241.36 431.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 273.13 431.60 Td (to ) Tj ET Q q 0 0 0 rg BT 282.40 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.66 431.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 328.42 431.60 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 357.18 431.60 Td (as ) Tj ET Q q 0 0 0 rg BT 366.94 431.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 419.20 431.60 Td (for ) Tj ET Q q 0 0 0 rg BT 431.97 431.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 470.23 431.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 496.49 431.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 544.74 431.60 Td (we ) Tj ET Q q 0 0 0 rg BT 557.51 431.60 Td (incur ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 420.80 Td (to ) Tj ET Q q 0 0 0 rg BT 80.25 420.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 109.99 420.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.24 420.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 158.48 420.80 Td (with ) Tj ET Q q 0 0 0 rg BT 176.73 420.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 214.97 420.80 Td (equipment. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 407.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 51.74 407.00 Td ( ) Tj ET Q q 0 0 0 rg BT 71.00 407.00 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.24 407.00 Td (W) Tj ET Q q 0 0 0 rg BT 93.91 407.00 Td (est ) Tj ET Q q 0 0 0 rg BT 106.16 407.00 Td (Navigator ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.91 407.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.16 407.00 Td (W) Tj ET Q q 0 0 0 rg BT 166.83 407.00 Td (est ) Tj ET Q q 0 0 0 rg BT 179.07 407.00 Td (V) Tj ET Q q 0 0 0 rg BT 183.57 407.00 Td (entur) Tj ET Q q 0 0 0 rg BT 202.24 407.00 Td (e ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.48 407.00 Td (are ) Tj ET Q q 0 0 0 rg BT 221.72 407.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 256.45 407.00 Td (cold ) Tj ET Q q 0 0 0 rg BT 274.20 407.00 Td (stacked.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 379.40 Td (Customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 365.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.10 365.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 90.71 365.60 Td (are ) Tj ET Q q 0 0 0 rg BT 103.80 365.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 115.41 365.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.51 365.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 144.62 365.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 187.71 365.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.82 365.60 Td (production ) Tj ET Q q 0 0 0 rg BT 243.92 365.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 286.76 365.60 Td (including ) Tj ET Q q 0 0 0 rg BT 322.87 365.60 Td (major ) Tj ET Q q 0 0 0 rg BT 345.97 365.60 Td (integrated ) Tj ET Q q 0 0 0 rg BT 384.06 365.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 395.67 365.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 438.52 365.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 484.61 365.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 496.22 365.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.32 365.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 525.43 365.60 Td (producers ) Tj ET Q q 0 0 0 rg BT 563.02 365.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 354.80 Td (government-owned ) Tj ET Q q 0 0 0 rg BT 107.39 354.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 118.29 354.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.70 354.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.10 354.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 188.24 354.80 Td ( ) Tj ET Q q 0 0 0 rg BT 189.55 354.80 Td (The ) Tj ET Q q 0 0 0 rg BT 204.95 354.80 Td (table ) Tj ET Q q 0 0 0 rg BT 223.85 354.80 Td (below ) Tj ET Q q 0 0 0 rg BT 247.25 354.80 Td (shows ) Tj ET Q q 0 0 0 rg BT 271.16 354.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.56 354.80 Td (percentage ) Tj ET Q q 0 0 0 rg BT 323.94 354.80 Td (of ) Tj ET Q q 0 0 0 rg BT 332.85 354.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 346.25 361.04 195.76 -8.18 re f /GS0 gs q 0 0 0 rg BT 346.25 354.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 393.14 354.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 426.54 354.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 468.93 354.80 Td (from ) Tj ET Q q 0 0 0 rg BT 487.83 354.80 Td (each ) Tj ET Q q 0 0 0 rg BT 505.72 354.80 Td (customer) Tj ET Q q 0 0 0 rg BT 538.35 354.80 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.01 354.80 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 344.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 62.73 344.00 Td (of ) Tj ET Q q 0 0 0 rg BT 72.48 344.00 Td (their ) Tj ET Q q 0 0 0 rg BT 91.22 344.00 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 138.22 344.00 Td (for ) Tj ET Q q 0 0 0 rg BT 150.96 344.00 Td (the ) Tj ET Q q 0 0 0 rg BT 164.21 344.00 Td (years ) Tj ET Q q 0 0 0 rg BT 185.44 344.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.18 344.00 Td (December ) Tj ET Q q 0 0 0 rg BT 248.41 344.00 Td (31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.91 344.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.91 344.00 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.41 344.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.41 344.00 Td ( ) Tj ET Q q 0 0 0 rg BT 304.66 344.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.90 344.00 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.90 344.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 288.50 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 288.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 288.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 288.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 288.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 288.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 288.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 260.50 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 260.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 260.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 260.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 260.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 260.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 260.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 232.50 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 232.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 232.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 232.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 232.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 232.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 232.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 204.50 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 204.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 204.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 204.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 204.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 204.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 204.50 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 358.5 316.5 m 428.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 316.5 m 432.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 316.5 m 502.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 316.5 m 506.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 316.5 m 576.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 302.5 m 358.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 316.5 m 428.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 302.5 m 428.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 302.5 m 432.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 316.5 m 502.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 302.5 m 502.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 302.5 m 506.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 316.5 m 576.5 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 302.5 m 576.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 302.5 m 354.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 302.5 m 358.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 302.5 m 428.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 302.5 m 432.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 302.5 m 502.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 302.5 m 506.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 302.5 m 576.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 204.5 m 354.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 204.5 m 358.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 204.5 m 428.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 204.5 m 432.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 204.5 m 502.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 204.5 m 506.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 204.5 m 358.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 204.5 m 428.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 204.5 m 432.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 204.5 m 502.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 204.5 m 506.5 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 204.5 m 576.5 204.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 320.95 Td (Contract revenue split by client:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 320.95 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 306.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 306.95 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 306.95 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 293.76 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 293.76 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 293.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 293.76 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 293.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 293.76 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 293.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 279.76 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 279.76 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 279.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 279.76 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 279.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 279.76 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 279.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 265.76 Td (Conoco Phillips) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 265.76 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 265.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 265.76 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 265.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 265.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 265.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 251.76 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 251.76 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 251.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 251.76 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 251.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 251.76 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 251.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 237.76 Td (Shell) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 237.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 237.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 237.76 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 237.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 237.76 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 237.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 223.76 Td (KMNG) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 223.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 223.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 222.96 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 222.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 222.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 222.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 209.76 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 209.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 209.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 209.76 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 209.76 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.50 208.96 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 208.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 195.90 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.50 195.90 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 195.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.50 195.90 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 195.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 195.90 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.00 195.90 Td (%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 163.40 Td (All ) Tj ET Q q 0 0 0 rg BT 50.13 163.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.26 163.40 Td (our ) Tj ET Q q 0 0 0 rg BT 74.89 163.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 104.03 163.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 139.14 163.40 Td (have ) Tj ET Q q 0 0 0 rg BT 158.77 163.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 179.89 163.40 Td (terms, ) Tj ET Q q 0 0 0 rg BT 204.77 163.40 Td (but ) Tj ET Q q 0 0 0 rg BT 218.90 163.40 Td (may ) Tj ET Q q 0 0 0 rg BT 237.03 163.40 Td (be ) Tj ET Q q 0 0 0 rg BT 248.16 163.40 Td (terminated ) Tj ET Q q 0 0 0 rg BT 289.28 163.40 Td (early ) Tj ET Q q 0 0 0 rg BT 309.90 163.40 Td (due ) Tj ET Q q 0 0 0 rg BT 325.53 163.40 Td (to ) Tj ET Q q 0 0 0 rg BT 335.16 163.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 362.27 163.40 Td (events ) Tj ET Q q 0 0 0 rg BT 387.90 163.40 Td (or ) Tj ET Q q 0 0 0 rg BT 398.03 163.40 Td (we ) Tj ET Q q 0 0 0 rg BT 411.16 163.40 Td (may ) Tj ET Q q 0 0 0 rg BT 429.29 163.40 Td (be ) Tj ET Q q 0 0 0 rg BT 440.41 163.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 467.04 163.40 Td (to ) Tj ET Q q 0 0 0 rg BT 476.67 163.40 Td (realize ) Tj ET Q q 0 0 0 rg BT 503.28 163.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 534.40 163.40 Td (under ) Tj ET Q q 0 0 0 rg BT 557.52 163.40 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 70.67 152.60 Td (in ) Tj ET Q q 0 0 0 rg BT 79.85 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.03 152.60 Td (event ) Tj ET Q q 0 0 0 rg BT 114.70 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.38 152.60 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 175.05 152.60 Td (developments, ) Tj ET Q q 0 0 0 rg BT 229.47 152.60 Td (such ) Tj ET Q q 0 0 0 rg BT 248.15 152.60 Td (as ) Tj ET Q q 0 0 0 rg BT 257.83 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.01 152.60 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 319.17 152.60 Td (in ) Tj ET Q q 0 0 0 rg BT 328.35 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.53 152.60 Td (general ) Tj ET Q q 0 0 0 rg BT 370.19 152.60 Td (business ) Tj ET Q q 0 0 0 rg BT 402.88 152.60 Td (or ) Tj ET Q q 0 0 0 rg BT 412.56 152.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.23 152.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 482.41 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.09 152.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.26 152.60 Td (customer) Tj ET Q q 0 0 0 rg BT 530.89 152.60 Td (, ) Tj ET Q q 0 0 0 rg BT 535.33 152.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 569.00 152.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 141.80 Td (its ) Tj ET Q q 0 0 0 rg BT 46.75 141.80 Td (inability ) Tj ET Q q 0 0 0 rg BT 79.00 141.80 Td (to ) Tj ET Q q 0 0 0 rg BT 88.25 141.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 107.99 141.80 Td (its ) Tj ET Q q 0 0 0 rg BT 118.74 141.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 160.99 141.80 Td (under ) Tj ET Q q 0 0 0 rg BT 183.74 141.80 Td (our ) Tj ET Q q 0 0 0 rg BT 197.98 141.80 Td (contracts.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 114.20 Td (In ) Tj ET Q q 0 0 0 rg BT 46.14 114.20 Td (light ) Tj ET Q q 0 0 0 rg BT 65.28 114.20 Td (of ) Tj ET Q q 0 0 0 rg BT 75.42 114.20 Td (the ) Tj ET Q q 0 0 0 rg BT 89.06 114.20 Td (current ) Tj ET Q q 0 0 0 rg BT 117.18 114.20 Td (environment, ) Tj ET Q q 0 0 0 rg BT 167.56 114.20 Td (we ) Tj ET Q q 0 0 0 rg BT 180.69 114.20 Td (are ) Tj ET Q q 0 0 0 rg BT 194.32 114.20 Td (encountering ) Tj ET Q q 0 0 0 rg BT 243.94 114.20 Td (and ) Tj ET Q q 0 0 0 rg BT 259.58 114.20 Td (may ) Tj ET Q q 0 0 0 rg BT 277.72 114.20 Td (in ) Tj ET Q q 0 0 0 rg BT 287.36 114.20 Td (the ) Tj ET Q q 0 0 0 rg BT 300.99 114.20 Td (future ) Tj ET Q q 0 0 0 rg BT 325.13 114.20 Td (encounter ) Tj ET Q q 0 0 0 rg BT 363.25 114.20 Td (situations ) Tj ET Q q 0 0 0 rg BT 400.39 114.20 Td (where ) Tj ET Q q 0 0 0 rg BT 425.02 114.20 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 478.63 114.20 Td (request ) Tj ET Q q 0 0 0 rg BT 507.27 114.20 Td (relief ) Tj ET Q q 0 0 0 rg BT 528.89 114.20 Td (to ) Tj ET Q q 0 0 0 rg BT 538.53 114.20 Td (contracted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.40 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 68.33 103.40 Td (or ) Tj ET Q q 0 0 0 rg BT 78.17 103.40 Td (seek ) Tj ET Q q 0 0 0 rg BT 96.51 103.40 Td (early ) Tj ET Q q 0 0 0 rg BT 116.84 103.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 148.17 103.40 Td (termination. ) Tj ET Q q 0 0 0 rg BT 194.25 103.40 Td ( ) Tj ET Q q 0 0 0 rg BT 196.59 103.40 Td (In ) Tj ET Q q 0 0 0 rg BT 206.44 103.40 Td (the ) Tj ET Q q 0 0 0 rg BT 219.77 103.40 Td (event ) Tj ET Q q 0 0 0 rg BT 241.61 103.40 Td (of ) Tj ET Q q 0 0 0 rg BT 251.45 103.40 Td (early ) Tj ET Q q 0 0 0 rg BT 271.78 103.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 315.62 103.40 Td (for ) Tj ET Q q 0 0 0 rg BT 328.46 103.40 Td (the ) Tj ET Q q 0 0 0 rg BT 341.79 103.40 Td (customer's ) Tj ET Q q 0 0 0 rg BT 382.25 103.40 Td (convenience, ) Tj ET Q q 0 0 0 rg BT 431.82 103.40 Td (an ) Tj ET Q q 0 0 0 rg BT 442.66 103.40 Td (early ) Tj ET Q q 0 0 0 rg BT 462.99 103.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 506.83 103.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 536.17 103.40 Td (is ) Tj ET Q q 0 0 0 rg BT 544.51 103.40 Td (typically ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 92.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 65.93 92.60 Td (to ) Tj ET Q q 0 0 0 rg BT 74.87 92.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 87.07 92.60 Td (in ) Tj ET Q q 0 0 0 rg BT 96.02 92.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 138.43 92.60 Td (with ) Tj ET Q q 0 0 0 rg BT 156.37 92.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.31 92.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 191.25 92.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.69 92.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.63 92.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.08 92.60 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 283.61 92.60 Td (While ) Tj ET Q q 0 0 0 rg BT 307.54 92.60 Td (we ) Tj ET Q q 0 0 0 rg BT 319.98 92.60 Td (are ) Tj ET Q q 0 0 0 rg BT 332.91 92.60 Td (confident ) Tj ET Q q 0 0 0 rg BT 368.85 92.60 Td (that ) Tj ET Q q 0 0 0 rg BT 384.29 92.60 Td (our ) Tj ET Q q 0 0 0 rg BT 398.23 92.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 429.15 92.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 451.09 92.60 Td (are ) Tj ET Q q 0 0 0 rg BT 464.03 92.60 Td (enforceable, ) Tj ET Q q 0 0 0 rg BT 510.19 92.60 Td (we ) Tj ET Q q 0 0 0 rg BT 522.63 92.60 Td (may ) Tj ET Q q 0 0 0 rg BT 540.07 92.60 Td (be ) Tj ET Q q 0 0 0 rg BT 550.51 92.60 Td (willing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 81.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 81.80 Td (engage ) Tj ET Q q 0 0 0 rg BT 72.98 81.80 Td (in ) Tj ET Q q 0 0 0 rg BT 82.23 81.80 Td (discussions ) Tj ET Q q 0 0 0 rg BT 125.49 81.80 Td (to ) Tj ET Q q 0 0 0 rg BT 134.74 81.80 Td (modify ) Tj ET Q q 0 0 0 rg BT 162.99 81.80 Td (such ) Tj ET Q q 0 0 0 rg BT 181.74 81.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 216.47 81.80 Td (if ) Tj ET Q q 0 0 0 rg BT 224.22 81.80 Td (there ) Tj ET Q q 0 0 0 rg BT 244.45 81.80 Td (is ) Tj ET Q q 0 0 0 rg BT 252.71 81.80 Td (a ) Tj ET Q q 0 0 0 rg BT 258.95 81.80 Td (commercial ) Tj ET Q q 0 0 0 rg BT 303.68 81.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 343.41 81.80 Td (that ) Tj ET Q q 0 0 0 rg BT 359.15 81.80 Td (is ) Tj ET Q q 0 0 0 rg BT 367.40 81.80 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 405.13 81.80 Td (to ) Tj ET Q q 0 0 0 rg BT 414.38 81.80 Td (both ) Tj ET Q q 0 0 0 rg BT 432.63 81.80 Td (parties.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 54.20 Td (Competition) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.56 749.80 Td (of) Tj ET Q q 0 0 0 rg BT 59.89 749.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 84.95 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 114.02 749.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 146.08 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 154.65 749.80 Td (highly ) Tj ET Q q 0 0 0 rg BT 180.22 749.80 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 227.52 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 246.09 749.80 Td (market ) Tj ET Q q 0 0 0 rg BT 273.64 749.80 Td (participants ) Tj ET Q q 0 0 0 rg BT 318.19 749.80 Td (ranging ) Tj ET Q q 0 0 0 rg BT 348.25 749.80 Td (from ) Tj ET Q q 0 0 0 rg BT 368.31 749.80 Td (lar) Tj ET Q q 0 0 0 rg BT 377.64 749.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 388.71 749.80 Td (multinational ) Tj ET Q q 0 0 0 rg BT 439.26 749.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 480.32 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 489.88 749.80 Td (smaller ) Tj ET Q q 0 0 0 rg BT 518.94 749.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 560.00 749.80 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (fewer ) Tj ET Q q 0 0 0 rg BT 58.73 739.00 Td (than ) Tj ET Q q 0 0 0 rg BT 76.48 739.00 Td (five ) Tj ET Q q 0 0 0 rg BT 92.72 739.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 121.47 739.00 Td (rigs.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.16 711.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 82.82 711.40 Td (for ) Tj ET Q q 0 0 0 rg BT 95.48 711.40 Td (of) Tj ET Q q 0 0 0 rg BT 102.82 711.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 127.48 711.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 156.15 711.40 Td (services ) Tj ET Q q 0 0 0 rg BT 187.30 711.40 Td (is ) Tj ET Q q 0 0 0 rg BT 195.47 711.40 Td (driven ) Tj ET Q q 0 0 0 rg BT 220.63 711.40 Td (by ) Tj ET Q q 0 0 0 rg BT 231.80 711.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.47 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 258.64 711.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 272.80 711.40 Td (companies) Tj ET Q q 0 0 0 rg BT 313.62 711.40 Td ( ) Tj ET Q q 0 0 0 rg BT 315.79 711.40 Td (exploration ) Tj ET Q q 0 0 0 rg BT 358.94 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 374.11 711.40 Td (development ) Tj ET Q q 0 0 0 rg BT 422.76 711.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 451.43 711.40 Td (programs. ) Tj ET Q q 0 0 0 rg BT 489.68 711.40 Td (These ) Tj ET Q q 0 0 0 rg BT 513.34 711.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 542.01 711.40 Td (programs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (are ) Tj ET Q q 0 0 0 rg BT 48.51 700.60 Td (af) Tj ET Q q 0 0 0 rg BT 55.34 700.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 78.84 700.60 Td (by ) Tj ET Q q 0 0 0 rg BT 89.37 700.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 100.39 700.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.91 700.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 128.43 700.60 Td (companies) Tj ET Q q 0 0 0 rg BT 169.25 700.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.77 700.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 217.28 700.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 253.29 700.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 264.31 700.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.83 700.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 292.35 700.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 317.62 700.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 358.62 700.60 Td (production ) Tj ET Q q 0 0 0 rg BT 399.14 700.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 423.90 700.60 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 463.92 700.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 493.93 700.60 Td (for ) Tj ET Q q 0 0 0 rg BT 505.95 700.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 516.98 700.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.49 700.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 545.01 700.60 Td (products ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 50.96 689.80 Td (many ) Tj ET Q q 0 0 0 rg BT 72.92 689.80 Td (other ) Tj ET Q q 0 0 0 rg BT 93.37 689.80 Td (factors. ) Tj ET Q q 0 0 0 rg BT 121.93 689.80 Td (The ) Tj ET Q q 0 0 0 rg BT 137.89 689.80 Td (availability ) Tj ET Q q 0 0 0 rg BT 180.34 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 189.80 689.80 Td (quality ) Tj ET Q q 0 0 0 rg BT 216.76 689.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 245.22 689.80 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 283.42 689.80 Td (exploration ) Tj ET Q q 0 0 0 rg BT 326.37 689.80 Td (success, ) Tj ET Q q 0 0 0 rg BT 357.58 689.80 Td (availability ) Tj ET Q q 0 0 0 rg BT 400.03 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 409.49 689.80 Td (qualified ) Tj ET Q q 0 0 0 rg BT 443.44 689.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 458.90 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 473.86 689.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.81 689.80 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 549.02 689.80 Td (relative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (production ) Tj ET Q q 0 0 0 rg BT 77.58 679.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 100.42 679.00 Td (availability ) Tj ET Q q 0 0 0 rg BT 143.49 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 159.07 679.00 Td (lead ) Tj ET Q q 0 0 0 rg BT 176.65 679.00 Td (time ) Tj ET Q q 0 0 0 rg BT 195.23 679.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 244.80 679.00 Td (for ) Tj ET Q q 0 0 0 rg BT 257.89 679.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 286.97 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 302.55 679.00 Td (production ) Tj ET Q q 0 0 0 rg BT 344.13 679.00 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 386.96 679.00 Td (the ) Tj ET Q q 0 0 0 rg BT 400.54 679.00 Td (stage ) Tj ET Q q 0 0 0 rg BT 421.62 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 431.71 679.00 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 466.28 679.00 Td (development ) Tj ET Q q 0 0 0 rg BT 515.35 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 530.93 679.00 Td (political ) Tj ET Q q 0 0 0 rg BT 563.01 679.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 75.43 668.20 Td (environments ) Tj ET Q q 0 0 0 rg BT 126.87 668.20 Td (also ) Tj ET Q q 0 0 0 rg BT 143.81 668.20 Td (af) Tj ET Q q 0 0 0 rg BT 150.64 668.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 166.58 668.20 Td (customers) Tj ET Q q 0 0 0 rg BT 205.40 668.20 Td ( ) Tj ET Q q 0 0 0 rg BT 207.84 668.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 236.79 668.20 Td (programs. ) Tj ET Q q 0 0 0 rg BT 275.48 668.20 Td (Oil ) Tj ET Q q 0 0 0 rg BT 289.42 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 304.87 668.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.31 668.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 343.25 668.20 Td (are ) Tj ET Q q 0 0 0 rg BT 356.68 668.20 Td (volatile, ) Tj ET Q q 0 0 0 rg BT 388.37 668.20 Td (which ) Tj ET Q q 0 0 0 rg BT 412.81 668.20 Td (has ) Tj ET Q q 0 0 0 rg BT 427.25 668.20 Td (historically ) Tj ET Q q 0 0 0 rg BT 470.19 668.20 Td (led ) Tj ET Q q 0 0 0 rg BT 483.63 668.20 Td (to ) Tj ET Q q 0 0 0 rg BT 493.08 668.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 533.52 668.20 Td (fluctuations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.64 657.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 94.27 657.40 Td (by ) Tj ET Q q 0 0 0 rg BT 105.91 657.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 145.05 657.40 Td (for ) Tj ET Q q 0 0 0 rg BT 158.18 657.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 187.32 657.40 Td (services. ) Tj ET Q q 0 0 0 rg BT 221.01 657.40 Td (V) Tj ET Q q 0 0 0 rg BT 226.51 657.40 Td (ariations ) Tj ET Q q 0 0 0 rg BT 260.14 657.40 Td (in ) Tj ET Q q 0 0 0 rg BT 269.79 657.40 Td (market ) Tj ET Q q 0 0 0 rg BT 297.42 657.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 337.56 657.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 364.69 657.40 Td (us ) Tj ET Q q 0 0 0 rg BT 375.33 657.40 Td (in ) Tj ET Q q 0 0 0 rg BT 384.98 657.40 Td (dif) Tj ET Q q 0 0 0 rg BT 394.81 657.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 418.44 657.40 Td (ways, ) Tj ET Q q 0 0 0 rg BT 441.83 657.40 Td (depending ) Tj ET Q q 0 0 0 rg BT 481.96 657.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 518.09 657.40 Td (on ) Tj ET Q q 0 0 0 rg BT 529.73 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 543.37 657.40 Td (length ) Tj ET Q q 0 0 0 rg BT 568.51 657.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.68 646.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 99.34 646.60 Td (we ) Tj ET Q q 0 0 0 rg BT 112.02 646.60 Td (have ) Tj ET Q q 0 0 0 rg BT 131.19 646.60 Td (for ) Tj ET Q q 0 0 0 rg BT 143.86 646.60 Td (our ) Tj ET Q q 0 0 0 rg BT 158.04 646.60 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 175.97 646.60 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 217.15 646.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 248.31 646.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.49 646.60 Td (these ) Tj ET Q q 0 0 0 rg BT 278.17 646.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 308.84 646.60 Td (may ) Tj ET Q q 0 0 0 rg BT 326.51 646.60 Td (have ) Tj ET Q q 0 0 0 rg BT 345.68 646.60 Td (a ) Tj ET Q q 0 0 0 rg BT 351.86 646.60 Td (minimal ) Tj ET Q q 0 0 0 rg BT 384.04 646.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 423.71 646.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 450.38 646.60 Td (on ) Tj ET Q q 0 0 0 rg BT 461.56 646.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 495.72 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.90 646.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 529.07 646.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 553.50 646.60 Td (unless ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 635.80 Td (timing ) Tj ET Q q 0 0 0 rg BT 75.00 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 84.74 635.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 115.98 635.80 Td (renewals ) Tj ET Q q 0 0 0 rg BT 150.21 635.80 Td (coincides ) Tj ET Q q 0 0 0 rg BT 186.45 635.80 Td (with ) Tj ET Q q 0 0 0 rg BT 204.70 635.80 Td (short-term ) Tj ET Q q 0 0 0 rg BT 244.44 635.80 Td (movements ) Tj ET Q q 0 0 0 rg BT 288.18 635.80 Td (in ) Tj ET Q q 0 0 0 rg BT 297.43 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.68 635.80 Td (market.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 608.20 Td (Of) Tj ET Q q 0 0 0 rg BT 45.33 608.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 69.62 608.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 97.91 608.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 132.19 608.20 Td (are ) Tj ET Q q 0 0 0 rg BT 144.97 608.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 180.25 608.20 Td (awarded ) Tj ET Q q 0 0 0 rg BT 212.52 608.20 Td (on ) Tj ET Q q 0 0 0 rg BT 223.31 608.20 Td (a ) Tj ET Q q 0 0 0 rg BT 229.10 608.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 273.38 608.20 Td (bid ) Tj ET Q q 0 0 0 rg BT 286.68 608.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 306.47 608.20 Td (or ) Tj ET Q q 0 0 0 rg BT 315.76 608.20 Td (through ) Tj ET Q q 0 0 0 rg BT 345.55 608.20 Td (privately ) Tj ET Q q 0 0 0 rg BT 379.34 608.20 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 418.62 608.20 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 465.65 608.20 Td (In ) Tj ET Q q 0 0 0 rg BT 474.94 608.20 Td (determining ) Tj ET Q q 0 0 0 rg BT 520.22 608.20 Td (which ) Tj ET Q q 0 0 0 rg BT 544.01 608.20 Td (qualified ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 597.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 65.25 597.40 Td (contractor ) Tj ET Q q 0 0 0 rg BT 104.48 597.40 Td (is ) Tj ET Q q 0 0 0 rg BT 113.23 597.40 Td (awarded ) Tj ET Q q 0 0 0 rg BT 146.47 597.40 Td (a ) Tj ET Q q 0 0 0 rg BT 153.21 597.40 Td (contract, ) Tj ET Q q 0 0 0 rg BT 187.19 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.94 597.40 Td (key ) Tj ET Q q 0 0 0 rg BT 216.69 597.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 243.92 597.40 Td (are ) Tj ET Q q 0 0 0 rg BT 257.66 597.40 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 288.15 597.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 300.90 597.40 Td (availability) Tj ET Q q 0 0 0 rg BT 340.80 597.40 Td (, ) Tj ET Q q 0 0 0 rg BT 345.81 597.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 358.55 597.40 Td (location, ) Tj ET Q q 0 0 0 rg BT 392.55 597.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 429.29 597.40 Td (and ) Tj ET Q q 0 0 0 rg BT 445.04 597.40 Td (integrity ) Tj ET Q q 0 0 0 rg BT 478.28 597.40 Td (of ) Tj ET Q q 0 0 0 rg BT 488.53 597.40 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 531.52 597.40 Td (its ) Tj ET Q q 0 0 0 rg BT 542.78 597.40 Td (record ) Tj ET Q q 0 0 0 rg BT 568.51 597.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 586.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 71.55 586.60 Td (ef) Tj ET Q q 0 0 0 rg BT 78.38 586.60 Td (ficiency) Tj ET Q q 0 0 0 rg BT 106.78 586.60 Td (, ) Tj ET Q q 0 0 0 rg BT 110.59 586.60 Td (including ) Tj ET Q q 0 0 0 rg BT 146.15 586.60 Td (high ) Tj ET Q q 0 0 0 rg BT 163.72 586.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.27 586.60 Td (uptime, ) Tj ET Q q 0 0 0 rg BT 228.08 586.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 262.13 586.60 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 315.42 586.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 338.48 586.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 385.51 586.60 Td (record, ) Tj ET Q q 0 0 0 rg BT 412.31 586.60 Td (crew ) Tj ET Q q 0 0 0 rg BT 431.36 586.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 474.14 586.60 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 514.45 586.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 545.51 586.60 Td (standing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 575.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 575.80 Td (client ) Tj ET Q q 0 0 0 rg BT 73.49 575.80 Td (relations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 548.20 Td (Competition ) Tj ET Q q 0 0 0 rg BT 82.80 548.20 Td (for ) Tj ET Q q 0 0 0 rg BT 95.09 548.20 Td (of) Tj ET Q q 0 0 0 rg BT 102.43 548.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 126.72 548.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 155.02 548.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 170.32 548.20 Td (is ) Tj ET Q q 0 0 0 rg BT 178.12 548.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 213.40 548.20 Td (on ) Tj ET Q q 0 0 0 rg BT 224.20 548.20 Td (a ) Tj ET Q q 0 0 0 rg BT 230.00 548.20 Td (global ) Tj ET Q q 0 0 0 rg BT 254.29 548.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 276.34 548.20 Td (as ) Tj ET Q q 0 0 0 rg BT 285.64 548.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 300.94 548.20 Td (are ) Tj ET Q q 0 0 0 rg BT 313.72 548.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 338.53 548.20 Td (mobile. ) Tj ET Q q 0 0 0 rg BT 367.57 548.20 Td (However) Tj ET Q q 0 0 0 rg BT 400.20 548.20 Td (, ) Tj ET Q q 0 0 0 rg BT 404.25 548.20 Td (the ) Tj ET Q q 0 0 0 rg BT 417.04 548.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 433.34 548.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 472.12 548.20 Td (with ) Tj ET Q q 0 0 0 rg BT 489.92 548.20 Td (mobilizing ) Tj ET Q q 0 0 0 rg BT 530.72 548.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 546.02 548.20 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 537.40 Td (regions ) Tj ET Q q 0 0 0 rg BT 65.44 537.40 Td (is ) Tj ET Q q 0 0 0 rg BT 74.39 537.40 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 115.83 537.40 Td (substantial, ) Tj ET Q q 0 0 0 rg BT 159.53 537.40 Td (as ) Tj ET Q q 0 0 0 rg BT 169.97 537.40 Td (entering ) Tj ET Q q 0 0 0 rg BT 202.40 537.40 Td (a ) Tj ET Q q 0 0 0 rg BT 209.35 537.40 Td (new ) Tj ET Q q 0 0 0 rg BT 227.29 537.40 Td (region ) Tj ET Q q 0 0 0 rg BT 253.23 537.40 Td (could ) Tj ET Q q 0 0 0 rg BT 276.17 537.40 Td (necessitate ) Tj ET Q q 0 0 0 rg BT 318.09 537.40 Td (modifications ) Tj ET Q q 0 0 0 rg BT 370.53 537.40 Td (of ) Tj ET Q q 0 0 0 rg BT 380.98 537.40 Td (the ) Tj ET Q q 0 0 0 rg BT 394.92 537.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 424.36 537.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 437.31 537.40 Td (and ) Tj ET Q q 0 0 0 rg BT 453.25 537.40 Td (its ) Tj ET Q q 0 0 0 rg BT 464.70 537.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 505.64 537.40 Td (to ) Tj ET Q q 0 0 0 rg BT 515.58 537.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 546.52 537.40 Td (regional ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 87.88 526.60 Td (For ) Tj ET Q q 0 0 0 rg BT 103.02 526.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 138.40 526.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.54 526.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 183.69 526.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 220.32 526.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.96 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.60 526.60 Td (North ) Tj ET Q q 0 0 0 rg BT 266.66 526.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 298.29 526.60 Td (Region ) Tj ET Q q 0 0 0 rg BT 326.93 526.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.57 526.60 Td (in ) Tj ET Q q 0 0 0 rg BT 352.21 526.60 Td (other ) Tj ET Q q 0 0 0 rg BT 373.35 526.60 Td (harsh ) Tj ET Q q 0 0 0 rg BT 395.49 526.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 443.62 526.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 472.76 526.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 507.90 526.60 Td (require ) Tj ET Q q 0 0 0 rg BT 536.03 526.60 Td (specialized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 515.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 76.73 515.80 Td (and ) Tj ET Q q 0 0 0 rg BT 92.47 515.80 Td (modifications, ) Tj ET Q q 0 0 0 rg BT 146.95 515.80 Td (including ) Tj ET Q q 0 0 0 rg BT 183.69 515.80 Td (without ) Tj ET Q q 0 0 0 rg BT 213.93 515.80 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 253.92 515.80 Td (unique ) Tj ET Q q 0 0 0 rg BT 281.16 515.80 Td (structuring ) Tj ET Q q 0 0 0 rg BT 322.90 515.80 Td (of ) Tj ET Q q 0 0 0 rg BT 333.14 515.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 362.38 515.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 375.12 515.80 Td (hulls ) Tj ET Q q 0 0 0 rg BT 395.36 515.80 Td (and ) Tj ET Q q 0 0 0 rg BT 411.10 515.80 Td (protection ) Tj ET Q q 0 0 0 rg BT 450.33 515.80 Td (from ) Tj ET Q q 0 0 0 rg BT 470.57 515.80 Td (exposure ) Tj ET Q q 0 0 0 rg BT 505.80 515.80 Td (to ) Tj ET Q q 0 0 0 rg BT 515.54 515.80 Td (weather ) Tj ET Q q 0 0 0 rg BT 546.76 515.80 Td (and ) Tj ET Q q 0 0 0 rg BT 562.50 515.80 Td (low ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 505.00 Td (temperatures. ) Tj ET Q q 0 0 0 rg BT 86.34 505.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 101.46 505.00 Td (all ) Tj ET Q q 0 0 0 rg BT 112.07 505.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 127.19 505.00 Td (can ) Tj ET Q q 0 0 0 rg BT 141.29 505.00 Td (be ) Tj ET Q q 0 0 0 rg BT 151.40 505.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 185.51 505.00 Td (to ) Tj ET Q q 0 0 0 rg BT 194.13 505.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 222.23 505.00 Td (in ) Tj ET Q q 0 0 0 rg BT 230.84 505.00 Td (harsh ) Tj ET Q q 0 0 0 rg BT 251.95 505.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 299.06 505.00 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 340.31 505.00 Td (The ) Tj ET Q q 0 0 0 rg BT 355.91 505.00 Td (lar) Tj ET Q q 0 0 0 rg BT 365.24 505.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 375.35 505.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 416.46 505.00 Td (in ) Tj ET Q q 0 0 0 rg BT 425.08 505.00 Td (specialized ) Tj ET Q q 0 0 0 rg BT 466.67 505.00 Td (or ) Tj ET Q q 0 0 0 rg BT 475.79 505.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 509.90 505.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 538.01 505.00 Td (equipment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 494.20 Td (required ) Tj ET Q q 0 0 0 rg BT 68.67 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 78.35 494.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 107.52 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 117.20 494.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 139.38 494.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 187.55 494.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 227.74 494.20 Td (creates ) Tj ET Q q 0 0 0 rg BT 255.40 494.20 Td (barriers ) Tj ET Q q 0 0 0 rg BT 285.57 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 295.25 494.20 Td (entry) Tj ET Q q 0 0 0 rg BT 313.16 494.20 Td (. ) Tj ET Q q 0 0 0 rg BT 318.09 494.20 Td (In ) Tj ET Q q 0 0 0 rg BT 328.27 494.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 362.70 494.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 394.38 494.20 Td (imposes ) Tj ET Q q 0 0 0 rg BT 426.56 494.20 Td (added ) Tj ET Q q 0 0 0 rg BT 450.74 494.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 500.40 494.20 Td (for ) Tj ET Q q 0 0 0 rg BT 513.58 494.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 542.76 494.20 Td (facilities, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 483.40 Td (including, ) Tj ET Q q 0 0 0 rg BT 73.93 483.40 Td (among ) Tj ET Q q 0 0 0 rg BT 100.10 483.40 Td (other ) Tj ET Q q 0 0 0 rg BT 120.28 483.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 146.21 483.40 Td (strict ) Tj ET Q q 0 0 0 rg BT 165.89 483.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 201.56 483.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 230.73 483.40 Td (to ) Tj ET Q q 0 0 0 rg BT 239.41 483.40 Td (safety) Tj ET Q q 0 0 0 rg BT 260.32 483.40 Td (, ) Tj ET Q q 0 0 0 rg BT 264.25 483.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 292.43 483.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 304.11 483.40 Td (technical ) Tj ET Q q 0 0 0 rg BT 338.27 483.40 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 391.68 483.40 Td (crew ) Tj ET Q q 0 0 0 rg BT 410.85 483.40 Td (accommodations ) Tj ET Q q 0 0 0 rg BT 473.51 483.40 Td (and ) Tj ET Q q 0 0 0 rg BT 488.19 483.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 514.35 483.40 Td (other ) Tj ET Q q 0 0 0 rg BT 534.52 483.40 Td (compliance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.60 Td (measures, ) Tj ET Q q 0 0 0 rg BT 74.02 472.60 Td (known ) Tj ET Q q 0 0 0 rg BT 100.79 472.60 Td (as ) Tj ET Q q 0 0 0 rg BT 110.07 472.60 Td (Acknowledgment ) Tj ET Q q 0 0 0 rg BT 176.33 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.11 472.60 Td (Compliance, ) Tj ET Q q 0 0 0 rg BT 234.12 472.60 Td (or ) Tj ET Q q 0 0 0 rg BT 243.40 472.60 Td (AOC, ) Tj ET Q q 0 0 0 rg BT 266.93 472.60 Td (which ) Tj ET Q q 0 0 0 rg BT 291.20 472.60 Td (must ) Tj ET Q q 0 0 0 rg BT 310.98 472.60 Td (be ) Tj ET Q q 0 0 0 rg BT 321.76 472.60 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 354.03 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 363.31 472.60 Td (order ) Tj ET Q q 0 0 0 rg BT 384.57 472.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.85 472.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 422.61 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 431.89 472.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.17 472.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 487.43 472.60 Td (Continental ) Tj ET Q q 0 0 0 rg BT 531.70 472.60 Td (Shelf. ) Tj ET Q q 0 0 0 rg BT 554.73 472.60 Td (All ) Tj ET Q q 0 0 0 rg BT 568.51 472.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 461.80 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 461.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 79.00 461.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 94.75 461.80 Td (meet, ) Tj ET Q q 0 0 0 rg BT 116.74 461.80 Td (or ) Tj ET Q q 0 0 0 rg BT 126.48 461.80 Td (are ) Tj ET Q q 0 0 0 rg BT 139.72 461.80 Td (being ) Tj ET Q q 0 0 0 rg BT 161.96 461.80 Td (constructed ) Tj ET Q q 0 0 0 rg BT 205.70 461.80 Td (to ) Tj ET Q q 0 0 0 rg BT 214.95 461.80 Td (meet, ) Tj ET Q q 0 0 0 rg BT 236.44 461.80 Td (AOC ) Tj ET Q q 0 0 0 rg BT 257.70 461.80 Td (requirements. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 434.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.43 434.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 79.08 434.20 Td (that ) Tj ET Q q 0 0 0 rg BT 95.23 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 108.89 434.20 Td (market ) Tj ET Q q 0 0 0 rg BT 136.54 434.20 Td (for ) Tj ET Q q 0 0 0 rg BT 149.69 434.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 178.85 434.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 214.00 434.20 Td (will ) Tj ET Q q 0 0 0 rg BT 230.66 434.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 264.31 434.20 Td (to ) Tj ET Q q 0 0 0 rg BT 273.97 434.20 Td (be ) Tj ET Q q 0 0 0 rg BT 285.13 434.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 310.79 434.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 355.94 434.20 Td (for ) Tj ET Q q 0 0 0 rg BT 369.09 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 382.75 434.20 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 426.38 434.20 Td (future. ) Tj ET Q q 0 0 0 rg BT 452.59 434.20 Td (While ) Tj ET Q q 0 0 0 rg BT 477.24 434.20 Td (we ) Tj ET Q q 0 0 0 rg BT 490.40 434.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 519.04 434.20 Td (that ) Tj ET Q q 0 0 0 rg BT 535.20 434.20 Td (our ) Tj ET Q q 0 0 0 rg BT 549.86 434.20 Td (fleet ) Tj ET Q q 0 0 0 rg BT 568.51 434.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 423.40 Td (well-maintained ) Tj ET Q q 0 0 0 rg BT 96.60 423.40 Td (and ) Tj ET Q q 0 0 0 rg BT 111.73 423.40 Td (technologically ) Tj ET Q q 0 0 0 rg BT 169.33 423.40 Td (advanced ) Tj ET Q q 0 0 0 rg BT 205.44 423.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 234.07 423.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 249.69 423.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 282.81 423.40 Td (us ) Tj ET Q q 0 0 0 rg BT 292.94 423.40 Td (with ) Tj ET Q q 0 0 0 rg BT 311.07 423.40 Td (a ) Tj ET Q q 0 0 0 rg BT 317.19 423.40 Td (competitive ) Tj ET Q q 0 0 0 rg BT 361.81 423.40 Td (advantage ) Tj ET Q q 0 0 0 rg BT 400.41 423.40 Td (over ) Tj ET Q q 0 0 0 rg BT 418.53 423.40 Td (competitors ) Tj ET Q q 0 0 0 rg BT 463.15 423.40 Td (with ) Tj ET Q q 0 0 0 rg BT 481.28 423.40 Td (older ) Tj ET Q q 0 0 0 rg BT 501.90 423.40 Td (fleets, ) Tj ET Q q 0 0 0 rg BT 525.76 423.40 Td (as ) Tj ET Q q 0 0 0 rg BT 535.39 423.40 Td (our ) Tj ET Q q 0 0 0 rg BT 549.51 423.40 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 412.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 51.55 412.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.58 412.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 100.11 412.60 Td (better ) Tj ET Q q 0 0 0 rg BT 122.64 412.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 146.18 412.60 Td (to ) Tj ET Q q 0 0 0 rg BT 155.23 412.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 174.77 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.81 412.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 236.83 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.38 412.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 284.92 412.60 Td (for ) Tj ET Q q 0 0 0 rg BT 297.46 412.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 326.00 412.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.05 412.60 Td (harsh ) Tj ET Q q 0 0 0 rg BT 356.59 412.60 Td (environments, ) Tj ET Q q 0 0 0 rg BT 409.87 412.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 436.40 412.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 480.94 412.60 Td (may ) Tj ET Q q 0 0 0 rg BT 498.48 412.60 Td (have ) Tj ET Q q 0 0 0 rg BT 517.51 412.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 544.54 412.60 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 401.80 Td (resources ) Tj ET Q q 0 0 0 rg BT 72.23 401.80 Td (than ) Tj ET Q q 0 0 0 rg BT 89.98 401.80 Td (we ) Tj ET Q q 0 0 0 rg BT 102.72 401.80 Td (do, ) Tj ET Q q 0 0 0 rg BT 116.22 401.80 Td (which ) Tj ET Q q 0 0 0 rg BT 140.47 401.80 Td (may ) Tj ET Q q 0 0 0 rg BT 158.21 401.80 Td (enable ) Tj ET Q q 0 0 0 rg BT 183.95 401.80 Td (them ) Tj ET Q q 0 0 0 rg BT 204.19 401.80 Td (to ) Tj ET Q q 0 0 0 rg BT 213.44 401.80 Td (better ) Tj ET Q q 0 0 0 rg BT 236.18 401.80 Td (withstand ) Tj ET Q q 0 0 0 rg BT 273.43 401.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 302.17 401.80 Td (of ) Tj ET Q q 0 0 0 rg BT 311.92 401.80 Td (low ) Tj ET Q q 0 0 0 rg BT 327.67 401.80 Td (utilization, ) Tj ET Q q 0 0 0 rg BT 368.66 401.80 Td (and ) Tj ET Q q 0 0 0 rg BT 383.91 401.80 Td (compete ) Tj ET Q q 0 0 0 rg BT 416.64 401.80 Td (more ) Tj ET Q q 0 0 0 rg BT 437.38 401.80 Td (ef) Tj ET Q q 0 0 0 rg BT 444.21 401.80 Td (fectively ) Tj ET Q q 0 0 0 rg BT 477.94 401.80 Td (on ) Tj ET Q q 0 0 0 rg BT 489.19 401.80 Td (the ) Tj ET Q q 0 0 0 rg BT 502.44 401.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 522.69 401.80 Td (of ) Tj ET Q q 0 0 0 rg BT 532.44 401.80 Td (price.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 388.00 Td (For ) Tj ET Q q 0 0 0 rg BT 51.21 388.00 Td (further ) Tj ET Q q 0 0 0 rg BT 78.40 388.00 Td (information ) Tj ET Q q 0 0 0 rg BT 123.60 388.00 Td (on ) Tj ET Q q 0 0 0 rg BT 135.31 388.00 Td (current ) Tj ET Q q 0 0 0 rg BT 163.50 388.00 Td (market ) Tj ET Q q 0 0 0 rg BT 191.19 388.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 231.40 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 247.10 388.00 Td (global ) Tj ET Q q 0 0 0 rg BT 272.30 388.00 Td (of) Tj ET Q q 0 0 0 rg BT 279.64 388.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 304.84 388.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.04 388.00 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 354.99 388.00 Td (please ) Tj ET Q q 0 0 0 rg BT 380.18 388.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 399.87 388.00 Td (to ) Tj ET Q q 0 0 0 rg BT 409.57 388.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 432.77 388.00 Td (5. ) Tj ET Q q 0 0 0 rg BT 442.23 388.00 Td (Operating ) Tj ET Q q 0 0 0 rg BT 480.92 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 496.62 388.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 532.82 388.00 Td (Review ) Tj ET Q q 0 0 0 rg BT 563.02 388.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 377.20 Td (ProspectsD. ) Tj ET Q q 0 0 0 rg BT 90.33 377.20 Td (T) Tj ET Q q 0 0 0 rg BT 95.52 377.20 Td (rend ) Tj ET Q q 0 0 0 rg BT 113.76 377.20 Td (Information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 348.40 Td (Envir) Tj ET Q q 0 0 0 rg BT 60.27 348.40 Td (onmental and Other) Tj ET Q q 0 0 0 rg BT 146.76 348.40 Td ( Regulations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.93 320.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 91.36 320.80 Td (are ) Tj ET Q q 0 0 0 rg BT 104.28 320.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 131.71 320.80 Td (to ) Tj ET Q q 0 0 0 rg BT 140.65 320.80 Td (numerous ) Tj ET Q q 0 0 0 rg BT 178.08 320.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 196.52 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 211.45 320.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 253.38 320.80 Td (in ) Tj ET Q q 0 0 0 rg BT 262.31 320.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.25 320.80 Td (form ) Tj ET Q q 0 0 0 rg BT 294.68 320.80 Td (of ) Tj ET Q q 0 0 0 rg BT 304.11 320.80 Td (international ) Tj ET Q q 0 0 0 rg BT 351.53 320.80 Td (treaties ) Tj ET Q q 0 0 0 rg BT 379.45 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 394.38 320.80 Td (maritime ) Tj ET Q q 0 0 0 rg BT 428.81 320.80 Td (regimes, ) Tj ET Q q 0 0 0 rg BT 461.49 320.80 Td (flag ) Tj ET Q q 0 0 0 rg BT 477.42 320.80 Td (state ) Tj ET Q q 0 0 0 rg BT 495.85 320.80 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 547.02 320.80 Td (national ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 310.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 90.16 310.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 108.83 310.00 Td (and ) Tj ET Q q 0 0 0 rg BT 124.00 310.00 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 168.42 310.00 Td (navigation ) Tj ET Q q 0 0 0 rg BT 208.59 310.00 Td (and ) Tj ET Q q 0 0 0 rg BT 223.76 310.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 259.92 310.00 Td (permit ) Tj ET Q q 0 0 0 rg BT 285.59 310.00 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 337.00 310.00 Td (local ) Tj ET Q q 0 0 0 rg BT 356.67 310.00 Td (content ) Tj ET Q q 0 0 0 rg BT 385.33 310.00 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 436.74 310.00 Td (and ) Tj ET Q q 0 0 0 rg BT 451.91 310.00 Td (other ) Tj ET Q q 0 0 0 rg BT 472.58 310.00 Td (national, ) Tj ET Q q 0 0 0 rg BT 506.00 310.00 Td (state ) Tj ET Q q 0 0 0 rg BT 524.67 310.00 Td (and ) Tj ET Q q 0 0 0 rg BT 539.84 310.00 Td (local ) Tj ET Q q 0 0 0 rg BT 559.50 310.00 Td (laws ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 299.20 Td (and ) Tj ET Q q 0 0 0 rg BT 50.56 299.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 92.12 299.20 Td (in ) Tj ET Q q 0 0 0 rg BT 100.69 299.20 Td (force ) Tj ET Q q 0 0 0 rg BT 120.74 299.20 Td (in ) Tj ET Q q 0 0 0 rg BT 129.31 299.20 Td (the ) Tj ET Q q 0 0 0 rg BT 141.88 299.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 187.95 299.20 Td (in ) Tj ET Q q 0 0 0 rg BT 196.51 299.20 Td (which ) Tj ET Q q 0 0 0 rg BT 220.08 299.20 Td (our ) Tj ET Q q 0 0 0 rg BT 233.64 299.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 261.71 299.20 Td (units ) Tj ET Q q 0 0 0 rg BT 280.78 299.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 308.83 299.20 Td (or ) Tj ET Q q 0 0 0 rg BT 317.90 299.20 Td (are ) Tj ET Q q 0 0 0 rg BT 330.46 299.20 Td (registered, ) Tj ET Q q 0 0 0 rg BT 369.76 299.20 Td (which ) Tj ET Q q 0 0 0 rg BT 393.32 299.20 Td (can ) Tj ET Q q 0 0 0 rg BT 407.38 299.20 Td (significantly ) Tj ET Q q 0 0 0 rg BT 453.94 299.20 Td (af) Tj ET Q q 0 0 0 rg BT 460.77 299.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 475.82 299.20 Td (the ) Tj ET Q q 0 0 0 rg BT 488.39 299.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 527.45 299.20 Td (and ) Tj ET Q q 0 0 0 rg BT 542.01 299.20 Td (operation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 288.40 Td (of ) Tj ET Q q 0 0 0 rg BT 46.35 288.40 Td (our ) Tj ET Q q 0 0 0 rg BT 61.21 288.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 90.56 288.40 Td (units. ) Tj ET Q q 0 0 0 rg BT 113.17 288.40 Td (Please ) Tj ET Q q 0 0 0 rg BT 139.02 288.40 Td (see ) Tj ET Q q 0 0 0 rg BT 153.37 288.40 Td ("Item ) Tj ET Q q 0 0 0 rg BT 176.39 288.40 Td (3. ) Tj ET Q q 0 0 0 rg BT 186.00 288.40 Td (Key ) Tj ET Q q 0 0 0 rg BT 203.85 288.40 Td (InformationD. ) Tj ET Q q 0 0 0 rg BT 267.44 288.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 286.80 288.40 Td (FactorsRisks ) Tj ET Q q 0 0 0 rg BT 345.16 288.40 Td (Relating ) Tj ET Q q 0 0 0 rg BT 378.51 288.40 Td (to ) Tj ET Q q 0 0 0 rg BT 388.37 288.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 405.22 288.40 Td (IndustryGovernmental ) Tj ET Q q 0 0 0 rg BT 498.56 288.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 517.91 288.40 Td (and ) Tj ET Q q 0 0 0 rg BT 533.76 288.40 Td (regulations, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.60 Td (including ) Tj ET Q q 0 0 0 rg BT 72.25 277.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 126.48 277.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 145.23 277.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.47 277.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 204.96 277.60 Td (may ) Tj ET Q q 0 0 0 rg BT 222.71 277.60 Td (add ) Tj ET Q q 0 0 0 rg BT 237.95 277.60 Td (to ) Tj ET Q q 0 0 0 rg BT 247.20 277.60 Td (our ) Tj ET Q q 0 0 0 rg BT 261.45 277.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 283.95 277.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 311.19 277.60 Td (us ) Tj ET Q q 0 0 0 rg BT 321.44 277.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.69 277.60 Td (liability) Tj ET Q q 0 0 0 rg BT 358.11 277.60 Td (, ) Tj ET Q q 0 0 0 rg BT 362.61 277.60 Td (or ) Tj ET Q q 0 0 0 rg BT 372.35 277.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 391.61 277.60 Td (our ) Tj ET Q q 0 0 0 rg BT 405.85 277.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 434.60 277.60 Td (activity) Tj ET Q q 0 0 0 rg BT 461.01 277.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 250.00 Td (Flag ) Tj ET Q q 0 0 0 rg BT 55.25 250.00 Td (State ) Tj ET Q q 0 0 0 rg BT 75.49 250.00 Td (Requir) Tj ET Q q 0 0 0 rg BT 99.65 250.00 Td (ements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.20 Td (All ) Tj ET Q q 0 0 0 rg BT 49.89 236.20 Td (of ) Tj ET Q q 0 0 0 rg BT 59.78 236.20 Td (our ) Tj ET Q q 0 0 0 rg BT 74.16 236.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 103.05 236.20 Td (units ) Tj ET Q q 0 0 0 rg BT 122.95 236.20 Td (are ) Tj ET Q q 0 0 0 rg BT 136.32 236.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 164.20 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 173.59 236.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 212.97 236.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 262.34 236.20 Td (of ) Tj ET Q q 0 0 0 rg BT 272.23 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 285.61 236.20 Td (flag ) Tj ET Q q 0 0 0 rg BT 301.99 236.20 Td (state ) Tj ET Q q 0 0 0 rg BT 320.88 236.20 Td (where ) Tj ET Q q 0 0 0 rg BT 345.25 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 358.64 236.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 387.52 236.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 403.91 236.20 Td (is ) Tj ET Q q 0 0 0 rg BT 412.31 236.20 Td (registered. ) Tj ET Q q 0 0 0 rg BT 452.43 236.20 Td ( ) Tj ET Q q 0 0 0 rg BT 454.65 236.20 Td (These ) Tj ET Q q 0 0 0 rg BT 478.52 236.20 Td (include ) Tj ET Q q 0 0 0 rg BT 507.40 236.20 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 554.53 236.20 Td (safety ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 225.40 Td (and ) Tj ET Q q 0 0 0 rg BT 51.28 225.40 Td (other ) Tj ET Q q 0 0 0 rg BT 72.06 225.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 121.33 225.40 Td (related ) Tj ET Q q 0 0 0 rg BT 148.10 225.40 Td (to ) Tj ET Q q 0 0 0 rg BT 157.38 225.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.66 225.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.45 225.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 231.23 225.40 Td (and ) Tj ET Q q 0 0 0 rg BT 246.52 225.40 Td (to ) Tj ET Q q 0 0 0 rg BT 255.80 225.40 Td (maritime ) Tj ET Q q 0 0 0 rg BT 290.58 225.40 Td (vessels ) Tj ET Q q 0 0 0 rg BT 318.36 225.40 Td (in ) Tj ET Q q 0 0 0 rg BT 327.65 225.40 Td (general. ) Tj ET Q q 0 0 0 rg BT 358.66 225.40 Td (In ) Tj ET Q q 0 0 0 rg BT 368.45 225.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 402.48 225.40 Td (each ) Tj ET Q q 0 0 0 rg BT 421.25 225.40 Td (of ) Tj ET Q q 0 0 0 rg BT 431.03 225.40 Td (our ) Tj ET Q q 0 0 0 rg BT 445.32 225.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 474.10 225.40 Td (units ) Tj ET Q q 0 0 0 rg BT 493.89 225.40 Td (must ) Tj ET Q q 0 0 0 rg BT 513.68 225.40 Td (be ) Tj ET Q q 0 0 0 rg BT 524.46 225.40 Td (classed ) Tj ET Q q 0 0 0 rg BT 560.73 225.40 Td (by ) Tj ET Q q 0 0 0 rg BT 572.01 225.40 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 214.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 85.55 214.60 Td (society) Tj ET Q q 0 0 0 rg BT 110.46 214.60 Td (. ) Tj ET Q q 0 0 0 rg BT 114.62 214.60 Td (The ) Tj ET Q q 0 0 0 rg BT 130.68 214.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 180.23 214.60 Td (society ) Tj ET Q q 0 0 0 rg BT 207.79 214.60 Td (certifies ) Tj ET Q q 0 0 0 rg BT 238.83 214.60 Td (that ) Tj ET Q q 0 0 0 rg BT 254.40 214.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.46 214.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 296.02 214.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 308.08 214.60 Td (is ) Tj ET Q q 0 0 0 rg BT 316.15 214.60 Td (in-class, ) Tj ET Q q 0 0 0 rg BT 355.95 214.60 Td (signifying ) Tj ET Q q 0 0 0 rg BT 394.51 214.60 Td (that ) Tj ET Q q 0 0 0 rg BT 410.08 214.60 Td (such ) Tj ET Q q 0 0 0 rg BT 428.64 214.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 457.20 214.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 469.27 214.60 Td (has ) Tj ET Q q 0 0 0 rg BT 483.33 214.60 Td (been ) Tj ET Q q 0 0 0 rg BT 502.38 214.60 Td (built ) Tj ET Q q 0 0 0 rg BT 520.95 214.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.01 214.60 Td (maintained ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 203.80 Td (in ) Tj ET Q q 0 0 0 rg BT 46.15 203.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 89.75 203.80 Td (with ) Tj ET Q q 0 0 0 rg BT 108.90 203.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.04 203.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 143.68 203.80 Td (of ) Tj ET Q q 0 0 0 rg BT 154.32 203.80 Td (the ) Tj ET Q q 0 0 0 rg BT 168.46 203.80 Td (classification ) Tj ET Q q 0 0 0 rg BT 219.09 203.80 Td (society ) Tj ET Q q 0 0 0 rg BT 247.72 203.80 Td (and ) Tj ET Q q 0 0 0 rg BT 263.86 203.80 Td (complies ) Tj ET Q q 0 0 0 rg BT 299.50 203.80 Td (with ) Tj ET Q q 0 0 0 rg BT 318.65 203.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 358.77 203.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 379.41 203.80 Td (and ) Tj ET Q q 0 0 0 rg BT 395.55 203.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 438.68 203.80 Td (of ) Tj ET Q q 0 0 0 rg BT 449.33 203.80 Td (the ) Tj ET Q q 0 0 0 rg BT 463.46 203.80 Td (flag ) Tj ET Q q 0 0 0 rg BT 480.60 203.80 Td (state ) Tj ET Q q 0 0 0 rg BT 500.24 203.80 Td (and ) Tj ET Q q 0 0 0 rg BT 516.38 203.80 Td (the ) Tj ET Q q 0 0 0 rg BT 530.52 203.80 Td (international ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 193.00 Td (conventions ) Tj ET Q q 0 0 0 rg BT 82.07 193.00 Td (of ) Tj ET Q q 0 0 0 rg BT 92.15 193.00 Td (which ) Tj ET Q q 0 0 0 rg BT 116.72 193.00 Td (that ) Tj ET Q q 0 0 0 rg BT 132.80 193.00 Td (country ) Tj ET Q q 0 0 0 rg BT 162.87 193.00 Td (is ) Tj ET Q q 0 0 0 rg BT 171.45 193.00 Td (a ) Tj ET Q q 0 0 0 rg BT 178.03 193.00 Td (member) Tj ET Q q 0 0 0 rg BT 207.02 193.00 Td (. ) Tj ET Q q 0 0 0 rg BT 211.85 193.00 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 260.90 193.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.98 193.00 Td (class ) Tj ET Q q 0 0 0 rg BT 291.05 193.00 Td (certification ) Tj ET Q q 0 0 0 rg BT 337.11 193.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 368.67 193.00 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 413.74 193.00 Td (of ) Tj ET Q q 0 0 0 rg BT 423.81 193.00 Td (substantial ) Tj ET Q q 0 0 0 rg BT 464.89 193.00 Td (sums, ) Tj ET Q q 0 0 0 rg BT 488.22 193.00 Td (and ) Tj ET Q q 0 0 0 rg BT 503.80 193.00 Td (can ) Tj ET Q q 0 0 0 rg BT 518.87 193.00 Td (require ) Tj ET Q q 0 0 0 rg BT 546.93 193.00 Td (taking ) Tj ET Q q 0 0 0 rg BT 572.01 193.00 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 182.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.72 182.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 80.94 182.20 Td (out ) Tj ET Q q 0 0 0 rg BT 94.67 182.20 Td (of ) Tj ET Q q 0 0 0 rg BT 104.38 182.20 Td (service ) Tj ET Q q 0 0 0 rg BT 132.09 182.20 Td (from ) Tj ET Q q 0 0 0 rg BT 151.81 182.20 Td (time ) Tj ET Q q 0 0 0 rg BT 170.02 182.20 Td (to ) Tj ET Q q 0 0 0 rg BT 179.25 182.20 Td (time ) Tj ET Q q 0 0 0 rg BT 197.46 182.20 Td (for ) Tj ET Q q 0 0 0 rg BT 210.18 182.20 Td (repairs ) Tj ET Q q 0 0 0 rg BT 236.89 182.20 Td (or ) Tj ET Q q 0 0 0 rg BT 246.61 182.20 Td (modifications ) Tj ET Q q 0 0 0 rg BT 298.32 182.20 Td (to ) Tj ET Q q 0 0 0 rg BT 307.54 182.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 327.25 182.20 Td (class ) Tj ET Q q 0 0 0 rg BT 346.97 182.20 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 398.42 182.20 Td ( ) Tj ET Q q 0 0 0 rg BT 400.65 182.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 416.86 182.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 445.58 182.20 Td (units ) Tj ET Q q 0 0 0 rg BT 465.31 182.20 Td (must ) Tj ET Q q 0 0 0 rg BT 485.03 182.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 520.74 182.20 Td (under) Tj ET Q q 0 0 0 rg BT 541.07 182.20 Td (go ) Tj ET Q q 0 0 0 rg BT 552.29 182.20 Td (a ) Tj ET Q q 0 0 0 rg BT 558.50 182.20 Td (class ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 171.40 Td (survey ) Tj ET Q q 0 0 0 rg BT 62.24 171.40 Td (once ) Tj ET Q q 0 0 0 rg BT 81.48 171.40 Td (every ) Tj ET Q q 0 0 0 rg BT 103.72 171.40 Td (five ) Tj ET Q q 0 0 0 rg BT 119.96 171.40 Td (years.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 143.80 Td (International ) Tj ET Q q 0 0 0 rg BT 85.75 143.80 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 121.49 143.80 Td (Regimes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.00 Td (These ) Tj ET Q q 0 0 0 rg BT 59.68 130.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 108.85 130.00 Td (include, ) Tj ET Q q 0 0 0 rg BT 139.78 130.00 Td (but ) Tj ET Q q 0 0 0 rg BT 153.47 130.00 Td (are ) Tj ET Q q 0 0 0 rg BT 166.65 130.00 Td (not ) Tj ET Q q 0 0 0 rg BT 180.34 130.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 208.02 130.00 Td (to, ) Tj ET Q q 0 0 0 rg BT 219.46 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 232.65 130.00 Td (IMO ) Tj ET Q q 0 0 0 rg BT 252.33 130.00 Td (International ) Tj ET Q q 0 0 0 rg BT 300.50 130.00 Td (Convention ) Tj ET Q q 0 0 0 rg BT 344.69 130.00 Td (for ) Tj ET Q q 0 0 0 rg BT 357.38 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.56 130.00 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 411.74 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 421.43 130.00 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 456.63 130.00 Td (from ) Tj ET Q q 0 0 0 rg BT 476.31 130.00 Td (Ships ) Tj ET Q q 0 0 0 rg BT 498.51 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 508.19 130.00 Td (1973, ) Tj ET Q q 0 0 0 rg BT 530.63 130.00 Td (as ) Tj ET Q q 0 0 0 rg BT 540.32 130.00 Td (from ) Tj ET Q q 0 0 0 rg BT 560.00 130.00 Td (time ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 119.20 Td (to ) Tj ET Q q 0 0 0 rg BT 45.55 119.20 Td (time ) Tj ET Q q 0 0 0 rg BT 64.10 119.20 Td (amended, ) Tj ET Q q 0 0 0 rg BT 101.39 119.20 Td (\(MARPOL\) ) Tj ET Q q 0 0 0 rg BT 147.45 119.20 Td (and ) Tj ET Q q 0 0 0 rg BT 163.00 119.20 Td (designation ) Tj ET Q q 0 0 0 rg BT 207.05 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 217.10 119.20 Td (Emission ) Tj ET Q q 0 0 0 rg BT 253.15 119.20 Td (Control ) Tj ET Q q 0 0 0 rg BT 282.65 119.20 Td (Areas ) Tj ET Q q 0 0 0 rg BT 306.19 119.20 Td (\(ECAs\) ) Tj ET Q q 0 0 0 rg BT 336.24 119.20 Td (thereunder) Tj ET Q q 0 0 0 rg BT 374.36 119.20 Td (, ) Tj ET Q q 0 0 0 rg BT 379.16 119.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.71 119.20 Td (International ) Tj ET Q q 0 0 0 rg BT 441.25 119.20 Td (Convention ) Tj ET Q q 0 0 0 rg BT 485.80 119.20 Td (on ) Tj ET Q q 0 0 0 rg BT 497.35 119.20 Td (Civil ) Tj ET Q q 0 0 0 rg BT 517.91 119.20 Td (Liability ) Tj ET Q q 0 0 0 rg BT 551.46 119.20 Td (for ) Tj ET Q q 0 0 0 rg BT 564.51 119.20 Td (Oil ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 108.40 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 71.27 108.40 Td (Damage ) Tj ET Q q 0 0 0 rg BT 103.52 108.40 Td (of ) Tj ET Q q 0 0 0 rg BT 113.29 108.40 Td (1969 ) Tj ET Q q 0 0 0 rg BT 133.55 108.40 Td (\(CLC\) ) Tj ET Q q 0 0 0 rg BT 159.32 108.40 Td (the ) Tj ET Q q 0 0 0 rg BT 172.58 108.40 Td (International ) Tj ET Q q 0 0 0 rg BT 220.83 108.40 Td (Convention ) Tj ET Q q 0 0 0 rg BT 265.09 108.40 Td (on ) Tj ET Q q 0 0 0 rg BT 276.36 108.40 Td (Civil ) Tj ET Q q 0 0 0 rg BT 296.63 108.40 Td (Liability ) Tj ET Q q 0 0 0 rg BT 329.89 108.40 Td (for ) Tj ET Q q 0 0 0 rg BT 342.65 108.40 Td (Bunker ) Tj ET Q q 0 0 0 rg BT 371.41 108.40 Td (Oil ) Tj ET Q q 0 0 0 rg BT 385.18 108.40 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 420.45 108.40 Td (Damage ) Tj ET Q q 0 0 0 rg BT 452.70 108.40 Td (of ) Tj ET Q q 0 0 0 rg BT 462.47 108.40 Td (2001 ) Tj ET Q q 0 0 0 rg BT 482.73 108.40 Td (\(ratified ) Tj ET Q q 0 0 0 rg BT 513.98 108.40 Td (in ) Tj ET Q q 0 0 0 rg BT 523.25 108.40 Td (2008\) ) Tj ET Q q 0 0 0 rg BT 546.51 108.40 Td (\(Bunker ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 97.60 Td (Convention\), ) Tj ET Q q 0 0 0 rg BT 85.88 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.51 97.60 Td (International ) Tj ET Q q 0 0 0 rg BT 148.12 97.60 Td (Convention ) Tj ET Q q 0 0 0 rg BT 192.75 97.60 Td (for ) Tj ET Q q 0 0 0 rg BT 205.88 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.50 97.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 245.13 97.60 Td (of ) Tj ET Q q 0 0 0 rg BT 255.26 97.60 Td (Life ) Tj ET Q q 0 0 0 rg BT 272.88 97.60 Td (at ) Tj ET Q q 0 0 0 rg BT 282.01 97.60 Td (Sea ) Tj ET Q q 0 0 0 rg BT 297.63 97.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.76 97.60 Td (1974, ) Tj ET Q q 0 0 0 rg BT 330.64 97.60 Td (or ) Tj ET Q q 0 0 0 rg BT 340.77 97.60 Td (SOLAS, ) Tj ET Q q 0 0 0 rg BT 374.16 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.79 97.60 Td (International ) Tj ET Q q 0 0 0 rg BT 436.40 97.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 462.03 97.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 511.64 97.60 Td (Code ) Tj ET Q q 0 0 0 rg BT 533.27 97.60 Td (for ) Tj ET Q q 0 0 0 rg BT 546.40 97.60 Td (the ) Tj ET Q q 0 0 0 rg BT 560.03 97.60 Td (Safe ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 86.80 Td (Operation ) Tj ET Q q 0 0 0 rg BT 73.93 86.80 Td (of ) Tj ET Q q 0 0 0 rg BT 83.38 86.80 Td (Ships ) Tj ET Q q 0 0 0 rg BT 105.33 86.80 Td (and ) Tj ET Q q 0 0 0 rg BT 120.27 86.80 Td (for ) Tj ET Q q 0 0 0 rg BT 132.71 86.80 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 167.67 86.80 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 208.61 86.80 Td (\(ISM ) Tj ET Q q 0 0 0 rg BT 229.56 86.80 Td (Code\), ) Tj ET Q q 0 0 0 rg BT 255.75 86.80 Td (and ) Tj ET Q q 0 0 0 rg BT 270.69 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.63 86.80 Td (International ) Tj ET Q q 0 0 0 rg BT 331.56 86.80 Td (Convention ) Tj ET Q q 0 0 0 rg BT 375.50 86.80 Td (for ) Tj ET Q q 0 0 0 rg BT 387.94 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 400.89 86.80 Td (Control ) Tj ET Q q 0 0 0 rg BT 430.33 86.80 Td (and ) Tj ET Q q 0 0 0 rg BT 445.28 86.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 494.20 86.80 Td (of ) Tj ET Q q 0 0 0 rg BT 503.65 86.80 Td (Ships) Tj ET Q q 0 0 0 rg BT 525.99 86.80 Td ( ) Tj ET Q q 0 0 0 rg BT 527.93 86.80 Td (Ballast ) Tj ET Q q 0 0 0 rg BT 554.73 86.80 Td (W) Tj ET Q q 0 0 0 rg BT 562.51 86.80 Td (ater ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 76.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.07 76.00 Td (Sediments ) Tj ET Q q 0 0 0 rg BT 90.64 76.00 Td (in ) Tj ET Q q 0 0 0 rg BT 99.71 76.00 Td (February ) Tj ET Q q 0 0 0 rg BT 134.27 76.00 Td (2004, ) Tj ET Q q 0 0 0 rg BT 156.59 76.00 Td (\(BWM ) Tj ET Q q 0 0 0 rg BT 184.16 76.00 Td (Convention\). ) Tj ET Q q 0 0 0 rg BT 233.48 76.00 Td ( ) Tj ET Q q 0 0 0 rg BT 235.40 76.00 Td (These ) Tj ET Q q 0 0 0 rg BT 258.96 76.00 Td (various ) Tj ET Q q 0 0 0 rg BT 287.53 76.00 Td (conventions ) Tj ET Q q 0 0 0 rg BT 333.10 76.00 Td (regulate ) Tj ET Q q 0 0 0 rg BT 364.15 76.00 Td (air ) Tj ET Q q 0 0 0 rg BT 375.72 76.00 Td (emissions ) Tj ET Q q 0 0 0 rg BT 413.29 76.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.36 76.00 Td (other ) Tj ET Q q 0 0 0 rg BT 448.92 76.00 Td (dischar) Tj ET Q q 0 0 0 rg BT 474.75 76.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 488.82 76.00 Td (to ) Tj ET Q q 0 0 0 rg BT 497.89 76.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.96 76.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 558.52 76.00 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 65.20 Td (our ) Tj ET Q q 0 0 0 rg BT 50.37 65.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 79.25 65.20 Td (units ) Tj ET Q q 0 0 0 rg BT 99.13 65.20 Td (worldwide, ) Tj ET Q q 0 0 0 rg BT 142.24 65.20 Td (and ) Tj ET Q q 0 0 0 rg BT 157.61 65.20 Td (we ) Tj ET Q q 0 0 0 rg BT 170.48 65.20 Td (may ) Tj ET Q q 0 0 0 rg BT 188.35 65.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 209.22 65.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 229.60 65.20 Td (to ) Tj ET Q q 0 0 0 rg BT 238.97 65.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 268.34 65.20 Td (with ) Tj ET Q q 0 0 0 rg BT 286.72 65.20 Td (these ) Tj ET Q q 0 0 0 rg BT 307.59 65.20 Td (regimes ) Tj ET Q q 0 0 0 rg BT 338.45 65.20 Td (and ) Tj ET Q q 0 0 0 rg BT 353.82 65.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 387.19 65.20 Td (to ) Tj ET Q q 0 0 0 rg BT 396.56 65.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 425.94 65.20 Td (to ) Tj ET Q q 0 0 0 rg BT 435.31 65.20 Td (these ) Tj ET Q q 0 0 0 rg BT 456.18 65.20 Td (regimes ) Tj ET Q q 0 0 0 rg BT 487.04 65.20 Td (as ) Tj ET Q q 0 0 0 rg BT 496.92 65.20 Td (they ) Tj ET Q q 0 0 0 rg BT 514.79 65.20 Td (may ) Tj ET Q q 0 0 0 rg BT 532.66 65.20 Td (be ) Tj ET Q q 0 0 0 rg BT 543.53 65.20 Td (amended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 54.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.79 54.40 Td (the ) Tj ET Q q 0 0 0 rg BT 59.57 54.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 86.09 54.40 Td (In ) Tj ET Q q 0 0 0 rg BT 96.37 54.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 130.90 54.40 Td (these ) Tj ET Q q 0 0 0 rg BT 152.18 54.40 Td (conventions ) Tj ET Q q 0 0 0 rg BT 198.46 54.40 Td (impose ) Tj ET Q q 0 0 0 rg BT 227.24 54.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 258.02 54.40 Td (for ) Tj ET Q q 0 0 0 rg BT 271.30 54.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 298.57 54.40 Td (dischar) Tj ET Q q 0 0 0 rg BT 324.40 54.40 Td (ges, ) Tj ET Q q 0 0 0 rg BT 341.43 54.40 Td (including ) Tj ET Q q 0 0 0 rg BT 378.21 54.40 Td (strict ) Tj ET Q q 0 0 0 rg BT 398.99 54.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 429.77 54.40 Td (in ) Tj ET Q q 0 0 0 rg BT 439.56 54.40 Td (some ) Tj ET Q q 0 0 0 rg BT 461.34 54.40 Td (cases. ) Tj ET Q q 0 0 0 rg BT 485.37 54.40 Td ( ) Tj ET Q q 0 0 0 rg BT 488.15 54.40 Td (Please ) Tj ET Q q 0 0 0 rg BT 513.93 54.40 Td (see ) Tj ET Q q 0 0 0 rg BT 528.21 54.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 551.48 54.40 Td (3. ) Tj ET Q q 0 0 0 rg BT 561.01 54.40 Td (Key ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (informationD. ) Tj ET Q q 0 0 0 rg BT 98.84 749.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 117.94 749.80 Td (FactorsRisks ) Tj ET Q q 0 0 0 rg BT 176.04 749.80 Td (Relating ) Tj ET Q q 0 0 0 rg BT 209.13 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 218.72 749.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 235.32 749.80 Td (IndustryGovernmental ) Tj ET Q q 0 0 0 rg BT 328.39 749.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 347.49 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 363.08 749.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 407.91 749.80 Td (including ) Tj ET Q q 0 0 0 rg BT 444.50 749.80 Td (environmental ) Tj ET Q q 0 0 0 rg BT 499.08 749.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 518.18 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 533.77 749.80 Td (regulations, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (may ) Tj ET Q q 0 0 0 rg BT 53.75 739.00 Td (add ) Tj ET Q q 0 0 0 rg BT 68.99 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 78.24 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 92.49 739.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 114.99 739.00 Td (expose ) Tj ET Q q 0 0 0 rg BT 142.23 739.00 Td (us ) Tj ET Q q 0 0 0 rg BT 152.48 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 161.73 739.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 191.98 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 201.73 739.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 220.98 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 235.23 739.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 263.98 739.00 Td (activity) Tj ET Q q 0 0 0 rg BT 290.38 739.00 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (Envir) Tj ET Q q 0 0 0 rg BT 55.66 711.40 Td (onmental ) Tj ET Q q 0 0 0 rg BT 91.41 711.40 Td (Laws ) Tj ET Q q 0 0 0 rg BT 112.67 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 128.42 711.40 Td (Regulations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.60 Td (These ) Tj ET Q q 0 0 0 rg BT 59.15 697.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 77.31 697.60 Td (and ) Tj ET Q q 0 0 0 rg BT 91.96 697.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 133.61 697.60 Td (include ) Tj ET Q q 0 0 0 rg BT 161.76 697.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.42 697.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 192.08 697.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 205.24 697.60 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 239.54 697.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 254.20 697.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.36 697.60 Td (1990, ) Tj ET Q q 0 0 0 rg BT 285.27 697.60 Td (\(OP) Tj ET Q q 0 0 0 rg BT 298.94 697.60 Td (A\), ) Tj ET Q q 0 0 0 rg BT 312.35 697.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.00 697.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 383.15 697.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 438.30 697.60 Td (Response, ) Tj ET Q q 0 0 0 rg BT 476.70 697.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 530.36 697.60 Td (and ) Tj ET Q q 0 0 0 rg BT 545.02 697.60 Td (Liability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (Act, ) Tj ET Q q 0 0 0 rg BT 54.15 686.80 Td (\(CERCLA\), ) Tj ET Q q 0 0 0 rg BT 100.81 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 686.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 133.62 686.80 Td (Clean ) Tj ET Q q 0 0 0 rg BT 157.31 686.80 Td (W) Tj ET Q q 0 0 0 rg BT 165.08 686.80 Td (ater ) Tj ET Q q 0 0 0 rg BT 180.84 686.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 196.74 686.80 Td (\(CW) Tj ET Q q 0 0 0 rg BT 213.24 686.80 Td (A\), ) Tj ET Q q 0 0 0 rg BT 227.89 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 241.79 686.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 260.70 686.80 Td (Clean ) Tj ET Q q 0 0 0 rg BT 283.96 686.80 Td (Air ) Tj ET Q q 0 0 0 rg BT 298.23 686.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 314.13 686.80 Td (\(CAA\), ) Tj ET Q q 0 0 0 rg BT 344.28 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 358.18 686.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 377.09 686.80 Td (Outer ) Tj ET Q q 0 0 0 rg BT 400.49 686.80 Td (Continental ) Tj ET Q q 0 0 0 rg BT 445.40 686.80 Td (Shelf ) Tj ET Q q 0 0 0 rg BT 467.30 686.80 Td (Lands ) Tj ET Q q 0 0 0 rg BT 491.56 686.80 Td (Act, ) Tj ET Q q 0 0 0 rg BT 509.71 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 686.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 542.53 686.80 Td (Maritime ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (T) Tj ET Q q 0 0 0 rg BT 41.18 676.00 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 92.57 676.00 Td (Security ) Tj ET Q q 0 0 0 rg BT 125.60 676.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 142.49 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 153.89 676.00 Td (2002, ) Tj ET Q q 0 0 0 rg BT 178.04 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 189.44 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 204.33 676.00 Td (MTSA, ) Tj ET Q q 0 0 0 rg BT 239.48 676.00 Td (European ) Tj ET Q q 0 0 0 rg BT 277.86 676.00 Td (Union ) Tj ET Q q 0 0 0 rg BT 304.26 676.00 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 350.40 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.30 676.00 Td (Brazil) Tj ET Q q 0 0 0 rg BT 391.79 676.00 Td (s ) Tj ET Q q 0 0 0 rg BT 399.19 676.00 Td (National ) Tj ET Q q 0 0 0 rg BT 434.08 676.00 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 491.46 676.00 Td (Policy ) Tj ET Q q 0 0 0 rg BT 518.36 676.00 Td (Law ) Tj ET Q q 0 0 0 rg BT 538.25 676.00 Td (\(6938/81\), ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 90.84 665.20 Td (Crimes ) Tj ET Q q 0 0 0 rg BT 118.20 665.20 Td (Law ) Tj ET Q q 0 0 0 rg BT 135.55 665.20 Td (\(9605/98\) ) Tj ET Q q 0 0 0 rg BT 172.41 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 186.76 665.20 Td (Federal ) Tj ET Q q 0 0 0 rg BT 215.10 665.20 Td (Law ) Tj ET Q q 0 0 0 rg BT 232.46 665.20 Td (\(9966/2000\) ) Tj ET Q q 0 0 0 rg BT 278.31 665.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 307.16 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 315.52 665.20 Td (pollution ) Tj ET Q q 0 0 0 rg BT 349.38 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 357.74 665.20 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 392.08 665.20 Td (waters. ) Tj ET Q q 0 0 0 rg BT 419.08 665.20 Td (These ) Tj ET Q q 0 0 0 rg BT 441.93 665.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 459.78 665.20 Td (govern ) Tj ET Q q 0 0 0 rg BT 486.13 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 498.49 665.20 Td (dischar) Tj ET Q q 0 0 0 rg BT 524.31 665.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 534.17 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 543.02 665.20 Td (materials ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (into ) Tj ET Q q 0 0 0 rg BT 52.25 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 65.50 654.40 Td (environment ) Tj ET Q q 0 0 0 rg BT 113.23 654.40 Td (or ) Tj ET Q q 0 0 0 rg BT 122.98 654.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 160.22 654.40 Td (relate ) Tj ET Q q 0 0 0 rg BT 182.45 654.40 Td (to ) Tj ET Q q 0 0 0 rg BT 191.70 654.40 Td (environmental ) Tj ET Q q 0 0 0 rg BT 245.94 654.40 Td (protection. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 626.80 Td (In ) Tj ET Q q 0 0 0 rg BT 44.88 626.80 Td (April ) Tj ET Q q 0 0 0 rg BT 65.65 626.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 87.67 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 100.44 626.80 Td (BSEE ) Tj ET Q q 0 0 0 rg BT 124.21 626.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 148.48 626.80 Td (a ) Tj ET Q q 0 0 0 rg BT 154.25 626.80 Td (final ) Tj ET Q q 0 0 0 rg BT 172.52 626.80 Td (rule ) Tj ET Q q 0 0 0 rg BT 188.28 626.80 Td (on ) Tj ET Q q 0 0 0 rg BT 199.05 626.80 Td (well ) Tj ET Q q 0 0 0 rg BT 216.32 626.80 Td (control ) Tj ET Q q 0 0 0 rg BT 243.58 626.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 285.35 626.80 Td (that ) Tj ET Q q 0 0 0 rg BT 300.61 626.80 Td (set ) Tj ET Q q 0 0 0 rg BT 312.38 626.80 Td (new ) Tj ET Q q 0 0 0 rg BT 329.15 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 343.92 626.80 Td (revised ) Tj ET Q q 0 0 0 rg BT 371.68 626.80 Td (safety ) Tj ET Q q 0 0 0 rg BT 394.94 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 409.70 626.80 Td (operational ) Tj ET Q q 0 0 0 rg BT 451.96 626.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 487.72 626.80 Td (for ) Tj ET Q q 0 0 0 rg BT 499.99 626.80 Td (owners ) Tj ET Q q 0 0 0 rg BT 527.75 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 542.52 626.80 Td (operators ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.29 616.00 Td (of) Tj ET Q q 0 0 0 rg BT 52.62 616.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 76.90 616.00 Td (wells ) Tj ET Q q 0 0 0 rg BT 97.69 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.47 616.00 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 149.35 616.00 Td (Among ) Tj ET Q q 0 0 0 rg BT 178.14 616.00 Td (other ) Tj ET Q q 0 0 0 rg BT 198.42 616.00 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 249.44 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 262.22 616.00 Td (new ) Tj ET Q q 0 0 0 rg BT 279.01 616.00 Td (regulation ) Tj ET Q q 0 0 0 rg BT 317.28 616.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 332.57 616.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 368.35 616.00 Td (for ) Tj ET Q q 0 0 0 rg BT 380.63 616.00 Td (blow-out ) Tj ET Q q 0 0 0 rg BT 414.92 616.00 Td (preventers ) Tj ET Q q 0 0 0 rg BT 454.19 616.00 Td (that ) Tj ET Q q 0 0 0 rg BT 469.47 616.00 Td (include ) Tj ET Q q 0 0 0 rg BT 497.75 616.00 Td (baseline ) Tj ET Q q 0 0 0 rg BT 529.03 616.00 Td (requirements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (for ) Tj ET Q q 0 0 0 rg BT 49.39 605.20 Td (their ) Tj ET Q q 0 0 0 rg BT 68.78 605.20 Td (design, ) Tj ET Q q 0 0 0 rg BT 97.43 605.20 Td (manufacture, ) Tj ET Q q 0 0 0 rg BT 147.55 605.20 Td (inspection ) Tj ET Q q 0 0 0 rg BT 187.44 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 203.34 605.20 Td (repair) Tj ET Q q 0 0 0 rg BT 223.96 605.20 Td (, ) Tj ET Q q 0 0 0 rg BT 229.11 605.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 260.99 605.20 Td (third-party ) Tj ET Q q 0 0 0 rg BT 302.38 605.20 Td (verification ) Tj ET Q q 0 0 0 rg BT 346.76 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 357.15 605.20 Td (the ) Tj ET Q q 0 0 0 rg BT 371.05 605.20 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 414.19 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 430.08 605.20 Td (calls ) Tj ET Q q 0 0 0 rg BT 449.47 605.20 Td (for ) Tj ET Q q 0 0 0 rg BT 462.86 605.20 Td (real-time ) Tj ET Q q 0 0 0 rg BT 498.24 605.20 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 541.14 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 551.53 605.20 Td (certain ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.40 594.40 Td (activities, ) Tj ET Q q 0 0 0 rg BT 101.03 594.40 Td (to ) Tj ET Q q 0 0 0 rg BT 109.93 594.40 Td (name ) Tj ET Q q 0 0 0 rg BT 131.32 594.40 Td (just ) Tj ET Q q 0 0 0 rg BT 146.22 594.40 Td (a ) Tj ET Q q 0 0 0 rg BT 152.11 594.40 Td (few ) Tj ET Q q 0 0 0 rg BT 167.50 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 176.89 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 189.79 594.40 Td (many ) Tj ET Q q 0 0 0 rg BT 211.68 594.40 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 264.92 594.40 Td (These ) Tj ET Q q 0 0 0 rg BT 288.31 594.40 Td (new ) Tj ET Q q 0 0 0 rg BT 305.20 594.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 347.09 594.40 Td (grow ) Tj ET Q q 0 0 0 rg BT 367.48 594.40 Td (out ) Tj ET Q q 0 0 0 rg BT 380.88 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 390.27 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 403.17 594.40 Td (findings ) Tj ET Q q 0 0 0 rg BT 434.56 594.40 Td (made ) Tj ET Q q 0 0 0 rg BT 455.95 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 464.85 594.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 506.23 594.40 Td (with ) Tj ET Q q 0 0 0 rg BT 524.13 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 594.40 Td (Deepwater ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 67.77 583.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 99.04 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.31 583.60 Td (include ) Tj ET Q q 0 0 0 rg BT 143.07 583.60 Td (a ) Tj ET Q q 0 0 0 rg BT 149.34 583.60 Td (number ) Tj ET Q q 0 0 0 rg BT 179.11 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.89 583.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 238.14 583.60 Td (that ) Tj ET Q q 0 0 0 rg BT 253.92 583.60 Td (will ) Tj ET Q q 0 0 0 rg BT 270.19 583.60 Td (add ) Tj ET Q q 0 0 0 rg BT 285.46 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.74 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.01 583.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 328.29 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 338.06 583.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 374.83 583.60 Td (for) Tj ET Q q 0 0 0 rg BT 384.97 583.60 Td (, ) Tj ET Q q 0 0 0 rg BT 389.49 583.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 431.76 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.03 583.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 485.80 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.57 583.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 507.35 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 522.62 583.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 536.89 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 546.17 583.60 Td (of) Tj ET Q q 0 0 0 rg BT 553.50 583.60 Td (fshore ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (settings. ) Tj ET Q q 0 0 0 rg BT 69.59 572.80 Td (These ) Tj ET Q q 0 0 0 rg BT 92.80 572.80 Td (new ) Tj ET Q q 0 0 0 rg BT 109.51 572.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 128.72 572.80 Td (add ) Tj ET Q q 0 0 0 rg BT 143.44 572.80 Td (new ) Tj ET Q q 0 0 0 rg BT 160.15 572.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 208.85 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 223.56 572.80 Td (amend ) Tj ET Q q 0 0 0 rg BT 249.27 572.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 279.48 572.80 Td (ones ) Tj ET Q q 0 0 0 rg BT 297.70 572.80 Td (to, ) Tj ET Q q 0 0 0 rg BT 308.66 572.80 Td (among ) Tj ET Q q 0 0 0 rg BT 334.88 572.80 Td (other ) Tj ET Q q 0 0 0 rg BT 355.09 572.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 381.06 572.80 Td (set ) Tj ET Q q 0 0 0 rg BT 392.77 572.80 Td (new ) Tj ET Q q 0 0 0 rg BT 409.48 572.80 Td (baseline ) Tj ET Q q 0 0 0 rg BT 440.69 572.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 476.40 572.80 Td (for ) Tj ET Q q 0 0 0 rg BT 488.61 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.32 572.80 Td (design, ) Tj ET Q q 0 0 0 rg BT 528.78 572.80 Td (manufacture, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (inspection, ) Tj ET Q q 0 0 0 rg BT 77.65 562.00 Td (repair ) Tj ET Q q 0 0 0 rg BT 101.05 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.45 562.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 164.33 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 174.24 562.00 Td (blow-out ) Tj ET Q q 0 0 0 rg BT 209.15 562.00 Td (preventers ) Tj ET Q q 0 0 0 rg BT 249.04 562.00 Td (including ) Tj ET Q q 0 0 0 rg BT 285.44 562.00 Td (their ) Tj ET Q q 0 0 0 rg BT 304.34 562.00 Td (inspection ) Tj ET Q q 0 0 0 rg BT 343.75 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 359.15 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 372.55 562.00 Td (use ) Tj ET Q q 0 0 0 rg BT 386.96 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 396.87 562.00 Td (double ) Tj ET Q q 0 0 0 rg BT 423.77 562.00 Td (shear ) Tj ET Q q 0 0 0 rg BT 445.17 562.00 Td (rams. ) Tj ET Q q 0 0 0 rg BT 469.40 562.00 Td (These ) Tj ET Q q 0 0 0 rg BT 493.30 562.00 Td (rules ) Tj ET Q q 0 0 0 rg BT 513.20 562.00 Td (contain ) Tj ET Q q 0 0 0 rg BT 542.10 562.00 Td (a ) Tj ET Q q 0 0 0 rg BT 548.50 562.00 Td (number ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.23 551.20 Td (other ) Tj ET Q q 0 0 0 rg BT 65.46 551.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 114.17 551.20 Td (including ) Tj ET Q q 0 0 0 rg BT 149.90 551.20 Td (third-party ) Tj ET Q q 0 0 0 rg BT 190.12 551.20 Td (verification ) Tj ET Q q 0 0 0 rg BT 233.34 551.20 Td (and ) Tj ET Q q 0 0 0 rg BT 248.07 551.20 Td (certifications, ) Tj ET Q q 0 0 0 rg BT 299.03 551.20 Td (real-time ) Tj ET Q q 0 0 0 rg BT 333.24 551.20 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 374.97 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 384.21 551.20 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 422.92 551.20 Td (and ) Tj ET Q q 0 0 0 rg BT 437.64 551.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.86 551.20 Td (other ) Tj ET Q q 0 0 0 rg BT 484.09 551.20 Td (activities, ) Tj ET Q q 0 0 0 rg BT 520.56 551.20 Td (and ) Tj ET Q q 0 0 0 rg BT 535.29 551.20 Td (sets ) Tj ET Q q 0 0 0 rg BT 550.52 551.20 Td (criteria ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (for ) Tj ET Q q 0 0 0 rg BT 48.74 540.40 Td (safe ) Tj ET Q q 0 0 0 rg BT 65.48 540.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 94.23 540.40 Td (mar) Tj ET Q q 0 0 0 rg BT 108.06 540.40 Td (gins. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 512.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.91 512.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 72.81 512.80 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 128.45 512.80 Td (these ) Tj ET Q q 0 0 0 rg BT 149.35 512.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 168.26 512.80 Td (may ) Tj ET Q q 0 0 0 rg BT 186.17 512.80 Td (impose ) Tj ET Q q 0 0 0 rg BT 214.58 512.80 Td (strict ) Tj ET Q q 0 0 0 rg BT 234.99 512.80 Td (liability) Tj ET Q q 0 0 0 rg BT 262.41 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 267.07 512.80 Td (rendering ) Tj ET Q q 0 0 0 rg BT 303.97 512.80 Td (us ) Tj ET Q q 0 0 0 rg BT 314.38 512.80 Td (liable ) Tj ET Q q 0 0 0 rg BT 336.79 512.80 Td (for ) Tj ET Q q 0 0 0 rg BT 349.69 512.80 Td (environmental ) Tj ET Q q 0 0 0 rg BT 404.09 512.80 Td (and ) Tj ET Q q 0 0 0 rg BT 419.50 512.80 Td (natural ) Tj ET Q q 0 0 0 rg BT 446.90 512.80 Td (resource ) Tj ET Q q 0 0 0 rg BT 479.79 512.80 Td (damages ) Tj ET Q q 0 0 0 rg BT 513.69 512.80 Td (without ) Tj ET Q q 0 0 0 rg BT 543.61 512.80 Td (regard ) Tj ET Q q 0 0 0 rg BT 569.01 512.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 502.00 Td (negligence ) Tj ET Q q 0 0 0 rg BT 77.25 502.00 Td (or ) Tj ET Q q 0 0 0 rg BT 87.01 502.00 Td (fault ) Tj ET Q q 0 0 0 rg BT 105.77 502.00 Td (on ) Tj ET Q q 0 0 0 rg BT 117.04 502.00 Td (our ) Tj ET Q q 0 0 0 rg BT 131.31 502.00 Td (part. ) Tj ET Q q 0 0 0 rg BT 149.82 502.00 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 209.07 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 218.84 502.00 Td (new ) Tj ET Q q 0 0 0 rg BT 236.10 502.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 290.35 502.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 309.12 502.00 Td (or ) Tj ET Q q 0 0 0 rg BT 318.88 502.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 361.14 502.00 Td (that ) Tj ET Q q 0 0 0 rg BT 376.91 502.00 Td (may ) Tj ET Q q 0 0 0 rg BT 394.67 502.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 416.93 502.00 Td (to ) Tj ET Q q 0 0 0 rg BT 426.20 502.00 Td (ultra ) Tj ET Q q 0 0 0 rg BT 444.96 502.00 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 484.21 502.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 512.98 502.00 Td (units ) Tj ET Q q 0 0 0 rg BT 532.75 502.00 Td (may ) Tj ET Q q 0 0 0 rg BT 550.51 502.00 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.20 Td (us ) Tj ET Q q 0 0 0 rg BT 46.79 491.20 Td (to ) Tj ET Q q 0 0 0 rg BT 56.58 491.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 93.35 491.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 114.14 491.20 Td (or ) Tj ET Q q 0 0 0 rg BT 124.42 491.20 Td (limit ) Tj ET Q q 0 0 0 rg BT 144.21 491.20 Td (the ) Tj ET Q q 0 0 0 rg BT 158.00 491.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 201.27 491.20 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 245.04 491.20 Td (of ) Tj ET Q q 0 0 0 rg BT 255.32 491.20 Td (our ) Tj ET Q q 0 0 0 rg BT 270.11 491.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 299.40 491.20 Td (units ) Tj ET Q q 0 0 0 rg BT 319.69 491.20 Td (and ) Tj ET Q q 0 0 0 rg BT 335.47 491.20 Td (could ) Tj ET Q q 0 0 0 rg BT 358.26 491.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 397.53 491.20 Td (and ) Tj ET Q q 0 0 0 rg BT 413.31 491.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 450.58 491.20 Td (af) Tj ET Q q 0 0 0 rg BT 457.41 491.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 473.69 491.20 Td (our ) Tj ET Q q 0 0 0 rg BT 488.47 491.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 528.75 491.20 Td (and ) Tj ET Q q 0 0 0 rg BT 544.54 491.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 480.40 Td (condition. ) Tj ET Q q 0 0 0 rg BT 75.35 480.40 Td (Please ) Tj ET Q q 0 0 0 rg BT 101.45 480.40 Td (see ) Tj ET Q q 0 0 0 rg BT 116.04 480.40 Td ("Item ) Tj ET Q q 0 0 0 rg BT 139.32 480.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 146.92 480.40 Td (Key ) Tj ET Q q 0 0 0 rg BT 165.02 480.40 Td (informationD. ) Tj ET Q q 0 0 0 rg BT 228.37 480.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 247.98 480.40 Td (FactorsRisks ) Tj ET Q q 0 0 0 rg BT 306.58 480.40 Td (Relating ) Tj ET Q q 0 0 0 rg BT 340.18 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 350.29 480.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 367.39 480.40 Td (IndustryGovernmental ) Tj ET Q q 0 0 0 rg BT 460.97 480.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 480.58 480.40 Td (and ) Tj ET Q q 0 0 0 rg BT 496.68 480.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 542.02 480.40 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 90.23 469.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 108.98 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.22 469.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 168.71 469.60 Td (may ) Tj ET Q q 0 0 0 rg BT 186.46 469.60 Td (add ) Tj ET Q q 0 0 0 rg BT 201.70 469.60 Td (to ) Tj ET Q q 0 0 0 rg BT 210.96 469.60 Td (our ) Tj ET Q q 0 0 0 rg BT 225.20 469.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 247.70 469.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 274.94 469.60 Td (us ) Tj ET Q q 0 0 0 rg BT 285.20 469.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.45 469.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 324.69 469.60 Td (or ) Tj ET Q q 0 0 0 rg BT 334.44 469.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 353.69 469.60 Td (our ) Tj ET Q q 0 0 0 rg BT 367.94 469.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 396.69 469.60 Td (activity) Tj ET Q q 0 0 0 rg BT 423.10 469.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 442.00 Td (Safety ) Tj ET Q q 0 0 0 rg BT 60.24 442.00 Td (Requir) Tj ET Q q 0 0 0 rg BT 84.40 442.00 Td (ements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.51 428.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 92.52 428.20 Td (are ) Tj ET Q q 0 0 0 rg BT 106.02 428.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 134.03 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 143.55 428.20 Td (special ) Tj ET Q q 0 0 0 rg BT 171.06 428.20 Td (safety ) Tj ET Q q 0 0 0 rg BT 195.06 428.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 237.57 428.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 267.57 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 277.09 428.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 306.11 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 321.62 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 331.14 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.65 428.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.67 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 372.18 428.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 386.69 428.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 418.71 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 428.23 428.20 Td (many ) Tj ET Q q 0 0 0 rg BT 450.74 428.20 Td (of ) Tj ET Q q 0 0 0 rg BT 460.75 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 474.27 428.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 509.77 428.20 Td (where ) Tj ET Q q 0 0 0 rg BT 534.28 428.20 Td (we ) Tj ET Q q 0 0 0 rg BT 547.29 428.20 Td (operate. ) Tj ET Q q 0 0 0 rg BT 578.27 428.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.40 Td (The ) Tj ET Q q 0 0 0 rg BT 51.76 417.40 Td (United ) Tj ET Q q 0 0 0 rg BT 78.03 417.40 Td (States ) Tj ET Q q 0 0 0 rg BT 101.30 417.40 Td (undertook ) Tj ET Q q 0 0 0 rg BT 139.56 417.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 179.82 417.40 Td (revision ) Tj ET Q q 0 0 0 rg BT 210.59 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 219.86 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 232.62 417.40 Td (safety ) Tj ET Q q 0 0 0 rg BT 255.88 417.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 297.64 417.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 336.39 417.40 Td (to ) Tj ET Q q 0 0 0 rg BT 345.16 417.40 Td (our ) Tj ET Q q 0 0 0 rg BT 358.93 417.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 390.20 417.40 Td (following ) Tj ET Q q 0 0 0 rg BT 426.97 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 439.73 417.40 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 480.48 417.40 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 511.74 417.40 Td (Incident, ) Tj ET Q q 0 0 0 rg BT 545.25 417.40 Td (in ) Tj ET Q q 0 0 0 rg BT 554.02 417.40 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.60 Td (we ) Tj ET Q q 0 0 0 rg BT 48.45 406.60 Td (were ) Tj ET Q q 0 0 0 rg BT 67.89 406.60 Td (not ) Tj ET Q q 0 0 0 rg BT 81.35 406.60 Td (involved, ) Tj ET Q q 0 0 0 rg BT 117.05 406.60 Td (that ) Tj ET Q q 0 0 0 rg BT 132.50 406.60 Td (led ) Tj ET Q q 0 0 0 rg BT 145.46 406.60 Td (to ) Tj ET Q q 0 0 0 rg BT 154.41 406.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.36 406.60 Td (Macondo ) Tj ET Q q 0 0 0 rg BT 203.31 406.60 Td (well ) Tj ET Q q 0 0 0 rg BT 220.76 406.60 Td (blow ) Tj ET Q q 0 0 0 rg BT 240.72 406.60 Td (out ) Tj ET Q q 0 0 0 rg BT 254.18 406.60 Td (situation, ) Tj ET Q q 0 0 0 rg BT 289.38 406.60 Td (in ) Tj ET Q q 0 0 0 rg BT 298.34 406.60 Td (2010. ) Tj ET Q q 0 0 0 rg BT 320.55 406.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 343.00 406.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 377.94 406.60 Td (are ) Tj ET Q q 0 0 0 rg BT 390.88 406.60 Td (also ) Tj ET Q q 0 0 0 rg BT 407.34 406.60 Td (undertaking ) Tj ET Q q 0 0 0 rg BT 452.28 406.60 Td (a ) Tj ET Q q 0 0 0 rg BT 458.23 406.60 Td (review ) Tj ET Q q 0 0 0 rg BT 484.68 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.13 406.60 Td (their ) Tj ET Q q 0 0 0 rg BT 512.58 406.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 536.03 406.60 Td (regulations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.80 Td (related ) Tj ET Q q 0 0 0 rg BT 63.06 395.80 Td (to ) Tj ET Q q 0 0 0 rg BT 72.63 395.80 Td (our ) Tj ET Q q 0 0 0 rg BT 87.20 395.80 Td (industry) Tj ET Q q 0 0 0 rg BT 116.12 395.80 Td (. ) Tj ET Q q 0 0 0 rg BT 120.94 395.80 Td ( ) Tj ET Q q 0 0 0 rg BT 123.33 395.80 Td (These ) Tj ET Q q 0 0 0 rg BT 147.39 395.80 Td (safety ) Tj ET Q q 0 0 0 rg BT 171.45 395.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 214.01 395.80 Td (may ) Tj ET Q q 0 0 0 rg BT 232.08 395.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 259.15 395.80 Td (our ) Tj ET Q q 0 0 0 rg BT 273.72 395.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 313.78 395.80 Td (and ) Tj ET Q q 0 0 0 rg BT 329.35 395.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.40 395.80 Td (results. ) Tj ET Q q 0 0 0 rg BT 391.72 395.80 Td (For ) Tj ET Q q 0 0 0 rg BT 406.80 395.80 Td (instance, ) Tj ET Q q 0 0 0 rg BT 441.11 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 454.68 395.80 Td (revisions ) Tj ET Q q 0 0 0 rg BT 489.75 395.80 Td (to ) Tj ET Q q 0 0 0 rg BT 499.32 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 512.89 395.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 555.46 395.80 Td (in ) Tj ET Q q 0 0 0 rg BT 565.03 395.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (United ) Tj ET Q q 0 0 0 rg BT 62.39 385.00 Td (States ) Tj ET Q q 0 0 0 rg BT 85.78 385.00 Td (have ) Tj ET Q q 0 0 0 rg BT 104.66 385.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 135.05 385.00 Td (in ) Tj ET Q q 0 0 0 rg BT 143.94 385.00 Td (new ) Tj ET Q q 0 0 0 rg BT 160.83 385.00 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 211.96 385.00 Td (such ) Tj ET Q q 0 0 0 rg BT 230.35 385.00 Td (as ) Tj ET Q q 0 0 0 rg BT 239.74 385.00 Td (specific ) Tj ET Q q 0 0 0 rg BT 269.62 385.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 318.49 385.00 Td (for ) Tj ET Q q 0 0 0 rg BT 330.88 385.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 378.25 385.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.14 385.00 Td (certification ) Tj ET Q q 0 0 0 rg BT 438.51 385.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.90 385.00 Td (BOP) Tj ET Q q 0 0 0 rg BT 467.91 385.00 Td (s, ) Tj ET Q q 0 0 0 rg BT 475.55 385.00 Td (which ) Tj ET Q q 0 0 0 rg BT 499.44 385.00 Td (may ) Tj ET Q q 0 0 0 rg BT 516.83 385.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 538.71 385.00 Td (us ) Tj ET Q q 0 0 0 rg BT 548.61 385.00 Td (to ) Tj ET Q q 0 0 0 rg BT 557.50 385.00 Td (incur ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 52.98 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 68.46 374.20 Td (may ) Tj ET Q q 0 0 0 rg BT 86.45 374.20 Td (result ) Tj ET Q q 0 0 0 rg BT 108.93 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 118.41 374.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 156.89 374.20 Td (downtime ) Tj ET Q q 0 0 0 rg BT 195.37 374.20 Td (for ) Tj ET Q q 0 0 0 rg BT 208.35 374.20 Td (our ) Tj ET Q q 0 0 0 rg BT 222.84 374.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 251.82 374.20 Td (units ) Tj ET Q q 0 0 0 rg BT 271.81 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 281.30 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 294.78 374.20 Td (US ) Tj ET Q q 0 0 0 rg BT 308.77 374.20 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 327.76 374.20 Td (of ) Tj ET Q q 0 0 0 rg BT 337.74 374.20 Td (Mexico. ) Tj ET Q q 0 0 0 rg BT 369.97 374.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 395.45 374.20 Td (see ) Tj ET Q q 0 0 0 rg BT 409.42 374.20 Td ("Item ) Tj ET Q q 0 0 0 rg BT 432.08 374.20 Td (3. ) Tj ET Q q 0 0 0 rg BT 441.31 374.20 Td (Key ) Tj ET Q q 0 0 0 rg BT 458.79 374.20 Td (informationD. ) Tj ET Q q 0 0 0 rg BT 521.52 374.20 Td (Risk ) Tj ET Q q 0 0 0 rg BT 540.51 374.20 Td (Factors) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.40 Td (Risks ) Tj ET Q q 0 0 0 rg BT 58.07 363.40 Td (Relating ) Tj ET Q q 0 0 0 rg BT 90.63 363.40 Td (to ) Tj ET Q q 0 0 0 rg BT 99.70 363.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 115.76 363.40 Td (IndustryThe ) Tj ET Q q 0 0 0 rg BT 170.82 363.40 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 211.86 363.40 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 243.42 363.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 254.99 363.40 Td (spill ) Tj ET Q q 0 0 0 rg BT 272.56 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 281.62 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 294.69 363.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 312.76 363.40 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 331.32 363.40 Td (of ) Tj ET Q q 0 0 0 rg BT 340.88 363.40 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 370.44 363.40 Td (has ) Tj ET Q q 0 0 0 rg BT 384.51 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 399.57 363.40 Td (may ) Tj ET Q q 0 0 0 rg BT 417.13 363.40 Td (result ) Tj ET Q q 0 0 0 rg BT 439.19 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 448.26 363.40 Td (more ) Tj ET Q q 0 0 0 rg BT 468.82 363.40 Td (stringent ) Tj ET Q q 0 0 0 rg BT 502.38 363.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 520.94 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 536.00 363.40 Td (regulations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 74.56 352.60 Td (of) Tj ET Q q 0 0 0 rg BT 81.90 352.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 106.46 352.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 137.28 352.60 Td (which ) Tj ET Q q 0 0 0 rg BT 161.35 352.60 Td (could ) Tj ET Q q 0 0 0 rg BT 183.42 352.60 Td (have ) Tj ET Q q 0 0 0 rg BT 202.48 352.60 Td (a ) Tj ET Q q 0 0 0 rg BT 208.55 352.60 Td (material ) Tj ET Q q 0 0 0 rg BT 240.10 352.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 269.66 352.60 Td (ef) Tj ET Q q 0 0 0 rg BT 276.49 352.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 292.05 352.60 Td (on ) Tj ET Q q 0 0 0 rg BT 303.12 352.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.19 352.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 352.01 352.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.07 352.60 Td (results ) Tj ET Q q 0 0 0 rg BT 413.64 352.60 Td (or ) Tj ET Q q 0 0 0 rg BT 423.21 352.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.77 352.60 Td (condition. ) Tj ET Q q 0 0 0 rg BT 499.08 352.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 548.39 352.60 Td (in ) Tj ET Q q 0 0 0 rg BT 557.00 352.60 Td (April ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 58.50 341.80 Td (it ) Tj ET Q q 0 0 0 rg BT 65.75 341.80 Td (was ) Tj ET Q q 0 0 0 rg BT 82.00 341.80 Td (announced ) Tj ET Q q 0 0 0 rg BT 123.23 341.80 Td (that ) Tj ET Q q 0 0 0 rg BT 138.98 341.80 Td (new ) Tj ET Q q 0 0 0 rg BT 156.22 341.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 198.46 341.80 Td (are ) Tj ET Q q 0 0 0 rg BT 211.70 341.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 245.93 341.80 Td (to ) Tj ET Q q 0 0 0 rg BT 255.18 341.80 Td (be ) Tj ET Q q 0 0 0 rg BT 265.92 341.80 Td (imposed ) Tj ET Q q 0 0 0 rg BT 298.67 341.80 Td (in ) Tj ET Q q 0 0 0 rg BT 307.92 341.80 Td (the ) Tj ET Q q 0 0 0 rg BT 321.17 341.80 Td (United ) Tj ET Q q 0 0 0 rg BT 347.91 341.80 Td (States ) Tj ET Q q 0 0 0 rg BT 371.66 341.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 408.39 341.80 Td (of) Tj ET Q q 0 0 0 rg BT 415.73 341.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 440.47 341.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 452.22 341.80 Td (and ) Tj ET Q q 0 0 0 rg BT 467.46 341.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 481.71 341.80 Td (drilling.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 314.20 Td (Navigation ) Tj ET Q q 0 0 0 rg BT 78.25 314.20 Td (and ) Tj ET Q q 0 0 0 rg BT 94.00 314.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 133.25 314.20 Td (Permit ) Tj ET Q q 0 0 0 rg BT 159.99 314.20 Td (Requir) Tj ET Q q 0 0 0 rg BT 184.15 314.20 Td (ements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.40 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 76.71 300.40 Td (governmental ) Tj ET Q q 0 0 0 rg BT 129.41 300.40 Td (agencies ) Tj ET Q q 0 0 0 rg BT 163.61 300.40 Td (issue ) Tj ET Q q 0 0 0 rg BT 184.83 300.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 228.03 300.40 Td (to ) Tj ET Q q 0 0 0 rg BT 238.25 300.40 Td (implement ) Tj ET Q q 0 0 0 rg BT 279.96 300.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.17 300.40 Td (enforce ) Tj ET Q q 0 0 0 rg BT 326.36 300.40 Td (the ) Tj ET Q q 0 0 0 rg BT 340.58 300.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 360.29 300.40 Td (of ) Tj ET Q q 0 0 0 rg BT 371.00 300.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.22 300.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 425.41 300.40 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 471.88 300.40 Td (which ) Tj ET Q q 0 0 0 rg BT 497.09 300.40 Td (often ) Tj ET Q q 0 0 0 rg BT 518.80 300.40 Td (involve ) Tj ET Q q 0 0 0 rg BT 549.01 300.40 Td (lengthy ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 289.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 75.38 289.60 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 119.00 289.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 146.89 289.60 Td (dif) Tj ET Q q 0 0 0 rg BT 156.72 289.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 177.60 289.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.48 289.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 215.87 289.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 259.24 289.60 Td (measures, ) Tj ET Q q 0 0 0 rg BT 296.86 289.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 340.23 289.60 Td (in ) Tj ET Q q 0 0 0 rg BT 349.12 289.60 Td (ecologically ) Tj ET Q q 0 0 0 rg BT 394.99 289.60 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 428.37 289.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 450.99 289.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.87 289.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 493.25 289.60 Td (operators ) Tj ET Q q 0 0 0 rg BT 528.63 289.60 Td (to ) Tj ET Q q 0 0 0 rg BT 537.51 289.60 Td (substantial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 278.80 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 92.50 278.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 111.25 278.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.01 278.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 159.76 278.80 Td (penalties ) Tj ET Q q 0 0 0 rg BT 194.51 278.80 Td (or ) Tj ET Q q 0 0 0 rg BT 204.76 278.80 Td (may ) Tj ET Q q 0 0 0 rg BT 223.02 278.80 Td (result ) Tj ET Q q 0 0 0 rg BT 245.78 278.80 Td (in ) Tj ET Q q 0 0 0 rg BT 255.54 278.80 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 294.29 278.80 Td (relief ) Tj ET Q q 0 0 0 rg BT 316.03 278.80 Td (for ) Tj ET Q q 0 0 0 rg BT 329.29 278.80 Td (failure ) Tj ET Q q 0 0 0 rg BT 355.53 278.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.30 278.80 Td (comply) Tj ET Q q 0 0 0 rg BT 391.71 278.80 Td (. ) Tj ET Q q 0 0 0 rg BT 396.72 278.80 Td (Some ) Tj ET Q q 0 0 0 rg BT 419.98 278.80 Td (of ) Tj ET Q q 0 0 0 rg BT 430.24 278.80 Td (these ) Tj ET Q q 0 0 0 rg BT 451.49 278.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 470.75 278.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 500.00 278.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 532.75 278.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 569.00 278.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 67.75 268.00 Td (to ) Tj ET Q q 0 0 0 rg BT 77.00 268.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 95.24 268.00 Td (penalties.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 240.40 Td (Local ) Tj ET Q q 0 0 0 rg BT 58.75 240.40 Td (Content ) Tj ET Q q 0 0 0 rg BT 89.50 240.40 Td (Requir) Tj ET Q q 0 0 0 rg BT 113.66 240.40 Td (ements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 226.60 Td (Governments ) Tj ET Q q 0 0 0 rg BT 87.01 226.60 Td (in ) Tj ET Q q 0 0 0 rg BT 96.53 226.60 Td (some ) Tj ET Q q 0 0 0 rg BT 118.05 226.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 153.57 226.60 Td (have ) Tj ET Q q 0 0 0 rg BT 173.08 226.60 Td (become ) Tj ET Q q 0 0 0 rg BT 203.59 226.60 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 250.09 226.60 Td (active ) Tj ET Q q 0 0 0 rg BT 274.10 226.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.62 226.60 Td (local ) Tj ET Q q 0 0 0 rg BT 303.64 226.60 Td (content ) Tj ET Q q 0 0 0 rg BT 332.65 226.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 382.15 226.60 Td (on ) Tj ET Q q 0 0 0 rg BT 393.68 226.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.19 226.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 447.21 226.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.23 226.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 486.25 226.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 529.51 226.60 Td (local ) Tj ET Q q 0 0 0 rg BT 549.52 226.60 Td (content ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 215.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 86.17 215.80 Td (for ) Tj ET Q q 0 0 0 rg BT 99.85 215.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 141.02 215.80 Td (utilized ) Tj ET Q q 0 0 0 rg BT 171.20 215.80 Td (in ) Tj ET Q q 0 0 0 rg BT 181.38 215.80 Td (our ) Tj ET Q q 0 0 0 rg BT 196.57 215.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 239.49 215.80 Td (and ) Tj ET Q q 0 0 0 rg BT 255.67 215.80 Td (other ) Tj ET Q q 0 0 0 rg BT 277.35 215.80 Td (aspects ) Tj ET Q q 0 0 0 rg BT 306.52 215.80 Td (of ) Tj ET Q q 0 0 0 rg BT 317.20 215.80 Td (the ) Tj ET Q q 0 0 0 rg BT 331.38 215.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.07 215.80 Td (and ) Tj ET Q q 0 0 0 rg BT 360.25 215.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 375.43 215.80 Td (industries ) Tj ET Q q 0 0 0 rg BT 413.62 215.80 Td (in ) Tj ET Q q 0 0 0 rg BT 423.80 215.80 Td (their ) Tj ET Q q 0 0 0 rg BT 443.48 215.80 Td (countries. ) Tj ET Q q 0 0 0 rg BT 481.67 215.80 Td (These ) Tj ET Q q 0 0 0 rg BT 506.35 215.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 549.52 215.80 Td (include ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 205.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 84.42 205.00 Td (for ) Tj ET Q q 0 0 0 rg BT 96.36 205.00 Td (participation ) Tj ET Q q 0 0 0 rg BT 143.28 205.00 Td (of ) Tj ET Q q 0 0 0 rg BT 152.22 205.00 Td (local ) Tj ET Q q 0 0 0 rg BT 171.15 205.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 205.09 205.00 Td (in ) Tj ET Q q 0 0 0 rg BT 213.53 205.00 Td (our ) Tj ET Q q 0 0 0 rg BT 226.97 205.00 Td (local ) Tj ET Q q 0 0 0 rg BT 245.90 205.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 281.32 205.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 325.26 205.00 Td (in ) Tj ET Q q 0 0 0 rg BT 333.70 205.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 368.13 205.00 Td (such ) Tj ET Q q 0 0 0 rg BT 386.07 205.00 Td (as ) Tj ET Q q 0 0 0 rg BT 394.69 205.00 Td (Angola ) Tj ET Q q 0 0 0 rg BT 422.62 205.00 Td (and ) Tj ET Q q 0 0 0 rg BT 437.06 205.00 Td (Nigeria, ) Tj ET Q q 0 0 0 rg BT 467.73 205.00 Td (and ) Tj ET Q q 0 0 0 rg BT 482.17 205.00 Td (local ) Tj ET Q q 0 0 0 rg BT 501.10 205.00 Td (content ) Tj ET Q q 0 0 0 rg BT 529.03 205.00 Td (requirements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 194.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.19 194.20 Td (relation ) Tj ET Q q 0 0 0 rg BT 74.87 194.20 Td (to ) Tj ET Q q 0 0 0 rg BT 84.06 194.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 112.75 194.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 128.94 194.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 175.62 194.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 210.30 194.20 Td (in ) Tj ET Q q 0 0 0 rg BT 219.49 194.20 Td (which ) Tj ET Q q 0 0 0 rg BT 243.68 194.20 Td (we ) Tj ET Q q 0 0 0 rg BT 256.36 194.20 Td (are ) Tj ET Q q 0 0 0 rg BT 269.54 194.20 Td (participating ) Tj ET Q q 0 0 0 rg BT 317.21 194.20 Td (in ) Tj ET Q q 0 0 0 rg BT 326.40 194.20 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 352.84 194.20 Td ( ) Tj ET Q q 0 0 0 rg BT 354.54 194.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 390.73 194.20 Td (these ) Tj ET Q q 0 0 0 rg BT 411.42 194.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 460.59 194.20 Td (have ) Tj ET Q q 0 0 0 rg BT 479.77 194.20 Td (not ) Tj ET Q q 0 0 0 rg BT 493.46 194.20 Td (had ) Tj ET Q q 0 0 0 rg BT 508.65 194.20 Td (material ) Tj ET Q q 0 0 0 rg BT 540.32 194.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 567.00 194.20 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 183.40 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 183.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 89.99 183.40 Td (in ) Tj ET Q q 0 0 0 rg BT 99.24 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 112.48 183.40 Td (past, ) Tj ET Q q 0 0 0 rg BT 131.48 183.40 Td (they ) Tj ET Q q 0 0 0 rg BT 149.23 183.40 Td (could ) Tj ET Q q 0 0 0 rg BT 171.47 183.40 Td (have ) Tj ET Q q 0 0 0 rg BT 190.71 183.40 Td (a ) Tj ET Q q 0 0 0 rg BT 196.95 183.40 Td (material ) Tj ET Q q 0 0 0 rg BT 228.69 183.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 255.43 183.40 Td (on ) Tj ET Q q 0 0 0 rg BT 266.68 183.40 Td (our ) Tj ET Q q 0 0 0 rg BT 280.92 183.40 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 315.91 183.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 355.65 183.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.90 183.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 404.63 183.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 440.88 183.40 Td (in ) Tj ET Q q 0 0 0 rg BT 450.13 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.37 183.40 Td (future.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 155.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 78.25 155.80 Td (Regulation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 142.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.51 142.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.52 142.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.52 142.00 Td (in ) Tj ET Q q 0 0 0 rg BT 131.04 142.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 162.54 142.00 Td (are ) Tj ET Q q 0 0 0 rg BT 176.04 142.00 Td (governed ) Tj ET Q q 0 0 0 rg BT 212.04 142.00 Td (by ) Tj ET Q q 0 0 0 rg BT 223.55 142.00 Td (various ) Tj ET Q q 0 0 0 rg BT 252.56 142.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 295.06 142.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 325.06 142.00 Td (to ) Tj ET Q q 0 0 0 rg BT 334.57 142.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 389.07 142.00 Td (safety) Tj ET Q q 0 0 0 rg BT 409.98 142.00 Td (. ) Tj ET Q q 0 0 0 rg BT 414.56 142.00 Td (The ) Tj ET Q q 0 0 0 rg BT 431.06 142.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 473.56 142.00 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 512.51 142.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 528.02 142.00 Td (of ) Tj ET Q q 0 0 0 rg BT 538.03 142.00 Td (November ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.20 Td (29, ) Tj ET Q q 0 0 0 rg BT 49.30 131.20 Td (1996, ) Tj ET Q q 0 0 0 rg BT 71.60 131.20 Td (or ) Tj ET Q q 0 0 0 rg BT 81.15 131.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.20 131.20 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 132.79 131.20 Td (Act, ) Tj ET Q q 0 0 0 rg BT 150.09 131.20 Td (gives ) Tj ET Q q 0 0 0 rg BT 171.14 131.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 202.18 131.20 Td (the ) Tj ET Q q 0 0 0 rg BT 215.23 131.20 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 251.27 131.20 Td (right ) Tj ET Q q 0 0 0 rg BT 270.32 131.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.37 131.20 Td (award ) Tj ET Q q 0 0 0 rg BT 303.41 131.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 333.95 131.20 Td (for ) Tj ET Q q 0 0 0 rg BT 346.50 131.20 Td (development, ) Tj ET Q q 0 0 0 rg BT 397.29 131.20 Td (exploration ) Tj ET Q q 0 0 0 rg BT 440.33 131.20 Td (and ) Tj ET Q q 0 0 0 rg BT 455.37 131.20 Td (production ) Tj ET Q q 0 0 0 rg BT 496.42 131.20 Td (projects ) Tj ET Q q 0 0 0 rg BT 526.96 131.20 Td (in ) Tj ET Q q 0 0 0 rg BT 536.01 131.20 Td (Norwegian ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 120.40 Td (fields. ) Tj ET Q q 0 0 0 rg BT 60.50 120.40 Td (Such ) Tj ET Q q 0 0 0 rg BT 80.76 120.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 111.51 120.40 Td (are ) Tj ET Q q 0 0 0 rg BT 124.75 120.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 153.99 120.40 Td (by ) Tj ET Q q 0 0 0 rg BT 165.25 120.40 Td (the ) Tj ET Q q 0 0 0 rg BT 178.50 120.40 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 220.74 120.40 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 254.00 120.40 Td (on ) Tj ET Q q 0 0 0 rg BT 265.26 120.40 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 304.51 120.40 Td (and ) Tj ET Q q 0 0 0 rg BT 319.76 120.40 Td (Ener) Tj ET Q q 0 0 0 rg BT 336.59 120.40 Td (gy) Tj ET Q q 0 0 0 rg BT 345.00 120.40 Td (, ) Tj ET Q q 0 0 0 rg BT 349.51 120.40 Td (and ) Tj ET Q q 0 0 0 rg BT 364.76 120.40 Td (as ) Tj ET Q q 0 0 0 rg BT 374.52 120.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 403.27 120.40 Td (of ) Tj ET Q q 0 0 0 rg BT 413.02 120.40 Td (such ) Tj ET Q q 0 0 0 rg BT 431.78 120.40 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 464.77 120.40 Td (we ) Tj ET Q q 0 0 0 rg BT 477.52 120.40 Td (are ) Tj ET Q q 0 0 0 rg BT 490.77 120.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 518.52 120.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.77 120.40 Td (strict ) Tj ET Q q 0 0 0 rg BT 548.03 120.40 Td (liability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 109.60 Td (for ) Tj ET Q q 0 0 0 rg BT 48.64 109.60 Td (any ) Tj ET Q q 0 0 0 rg BT 63.78 109.60 Td (pollution ) Tj ET Q q 0 0 0 rg BT 98.43 109.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 128.56 109.60 Td (suf) Tj ET Q q 0 0 0 rg BT 139.40 109.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 160.03 109.60 Td (as ) Tj ET Q q 0 0 0 rg BT 169.67 109.60 Td (a ) Tj ET Q q 0 0 0 rg BT 175.82 109.60 Td (result ) Tj ET Q q 0 0 0 rg BT 197.96 109.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.60 109.60 Td (a ) Tj ET Q q 0 0 0 rg BT 213.74 109.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 252.38 109.60 Td (leak ) Tj ET Q q 0 0 0 rg BT 269.52 109.60 Td (by ) Tj ET Q q 0 0 0 rg BT 280.66 109.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 313.79 109.60 Td (for ) Tj ET Q q 0 0 0 rg BT 326.44 109.60 Td (which ) Tj ET Q q 0 0 0 rg BT 350.58 109.60 Td (we ) Tj ET Q q 0 0 0 rg BT 363.22 109.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 381.37 109.60 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 414.25 109.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 438.89 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.03 109.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 490.70 109.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 508.09 109.60 Td (we ) Tj ET Q q 0 0 0 rg BT 520.73 109.60 Td (are ) Tj ET Q q 0 0 0 rg BT 533.87 109.60 Td (also ) Tj ET Q q 0 0 0 rg BT 550.51 109.60 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 98.80 Td (to ) Tj ET Q q 0 0 0 rg BT 46.40 98.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 74.28 98.80 Td (health, ) Tj ET Q q 0 0 0 rg BT 101.93 98.80 Td (safety ) Tj ET Q q 0 0 0 rg BT 126.82 98.80 Td (and ) Tj ET Q q 0 0 0 rg BT 143.21 98.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 192.10 98.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 237.74 98.80 Td (which ) Tj ET Q q 0 0 0 rg BT 263.14 98.80 Td (require ) Tj ET Q q 0 0 0 rg BT 292.02 98.80 Td (us ) Tj ET Q q 0 0 0 rg BT 303.42 98.80 Td (to ) Tj ET Q q 0 0 0 rg BT 313.83 98.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 345.72 98.80 Td (our ) Tj ET Q q 0 0 0 rg BT 361.11 98.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 402.00 98.80 Td (with ) Tj ET Q q 0 0 0 rg BT 421.41 98.80 Td (a ) Tj ET Q q 0 0 0 rg BT 428.80 98.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 470.68 98.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 504.57 98.80 Td (of ) Tj ET Q q 0 0 0 rg BT 515.47 98.80 Td (care, ) Tj ET Q q 0 0 0 rg BT 536.10 98.80 Td (taking ) Tj ET Q q 0 0 0 rg BT 562.00 98.80 Td (into ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 88.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 86.59 88.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.69 88.00 Td (safety ) Tj ET Q q 0 0 0 rg BT 123.28 88.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.88 88.00 Td (our ) Tj ET Q q 0 0 0 rg BT 146.98 88.00 Td (employees ) Tj ET Q q 0 0 0 rg BT 187.57 88.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.67 88.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.76 88.00 Td (environment. ) Tj ET Q q 0 0 0 rg BT 265.61 88.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 288.20 88.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 330.29 88.00 Td (proscribed ) Tj ET Q q 0 0 0 rg BT 370.38 88.00 Td (by ) Tj ET Q q 0 0 0 rg BT 381.49 88.00 Td (the ) Tj ET Q q 0 0 0 rg BT 394.58 88.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 436.67 88.00 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 469.78 88.00 Td (on ) Tj ET Q q 0 0 0 rg BT 480.88 88.00 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 519.98 88.00 Td (and ) Tj ET Q q 0 0 0 rg BT 535.08 88.00 Td (Ener) Tj ET Q q 0 0 0 rg BT 551.90 88.00 Td (gy ) Tj ET Q q 0 0 0 rg BT 563.01 88.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 77.20 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 91.48 77.20 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 124.73 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 134.48 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.73 77.20 Td (Environment ) Tj ET Q q 0 0 0 rg BT 196.97 77.20 Td (may ) Tj ET Q q 0 0 0 rg BT 214.71 77.20 Td (also ) Tj ET Q q 0 0 0 rg BT 231.46 77.20 Td (af) Tj ET Q q 0 0 0 rg BT 238.29 77.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 254.03 77.20 Td (our ) Tj ET Q q 0 0 0 rg BT 268.27 77.20 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 49.60 Td (The ) Tj ET Q q 0 0 0 rg BT 53.06 49.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 96.12 49.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 136.18 49.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 161.56 49.60 Td (Authority ) Tj ET Q q 0 0 0 rg BT 199.63 49.60 Td (oversees ) Tj ET Q q 0 0 0 rg BT 233.69 49.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 269.24 49.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.30 49.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 328.85 49.60 Td (safety) Tj ET Q q 0 0 0 rg BT 349.76 49.60 Td (, ) Tj ET Q q 0 0 0 rg BT 355.08 49.60 Td (emer) Tj ET Q q 0 0 0 rg BT 372.90 49.60 Td (gency ) Tj ET Q q 0 0 0 rg BT 397.46 49.60 Td (preparedness ) Tj ET Q q 0 0 0 rg BT 447.51 49.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.57 49.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.64 49.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 528.45 49.60 Td (Each ) Tj ET Q q 0 0 0 rg BT 549.50 49.60 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 38.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 64.21 38.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.91 38.80 Td (on ) Tj ET Q q 0 0 0 rg BT 112.63 38.80 Td (the ) Tj ET Q q 0 0 0 rg BT 126.34 38.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 169.04 38.80 Td (Continental ) Tj ET Q q 0 0 0 rg BT 213.75 38.80 Td (Shelf ) Tj ET Q q 0 0 0 rg BT 235.47 38.80 Td (must ) Tj ET Q q 0 0 0 rg BT 255.69 38.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 280.90 38.80 Td (an ) Tj ET Q q 0 0 0 rg BT 291.51 38.80 Td (Acknowledgement ) Tj ET Q q 0 0 0 rg BT 362.21 38.80 Td (of ) Tj ET Q q 0 0 0 rg BT 372.42 38.80 Td (Compliance, ) Tj ET Q q 0 0 0 rg BT 420.88 38.80 Td (or ) Tj ET Q q 0 0 0 rg BT 430.49 38.80 Td (AOC. ) Tj ET Q q 0 0 0 rg BT 454.26 38.80 Td (The ) Tj ET Q q 0 0 0 rg BT 470.37 38.80 Td (AOC ) Tj ET Q q 0 0 0 rg BT 492.09 38.80 Td (is ) Tj ET Q q 0 0 0 rg BT 500.81 38.80 Td (a ) Tj ET Q q 0 0 0 rg BT 507.52 38.80 Td (government-issued ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (certificate ) Tj ET Q q 0 0 0 rg BT 74.98 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 91.48 749.80 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 145.47 749.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 189.95 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 208.96 749.80 Td (Norway) Tj ET Q q 0 0 0 rg BT 240.45 749.80 Td (s ) Tj ET Q q 0 0 0 rg BT 246.96 749.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 266.46 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 282.47 749.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 325.46 749.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 355.96 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.97 749.80 Td (safety ) Tj ET Q q 0 0 0 rg BT 390.46 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 406.46 749.80 Td (emer) Tj ET Q q 0 0 0 rg BT 424.29 749.80 Td (gency ) Tj ET Q q 0 0 0 rg BT 448.78 749.80 Td (preparedness, ) Tj ET Q q 0 0 0 rg BT 501.02 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 530.52 749.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 543.53 749.80 Td (technical ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 90.43 739.00 Td (crew ) Tj ET Q q 0 0 0 rg BT 110.62 739.00 Td (accommodations, ) Tj ET Q q 0 0 0 rg BT 176.55 739.00 Td (management ) Tj ET Q q 0 0 0 rg BT 225.23 739.00 Td (systems, ) Tj ET Q q 0 0 0 rg BT 258.68 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 274.37 739.00 Td (other ) Tj ET Q q 0 0 0 rg BT 295.57 739.00 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 347.50 739.00 Td (Such ) Tj ET Q q 0 0 0 rg BT 368.20 739.00 Td (certificates ) Tj ET Q q 0 0 0 rg BT 410.37 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 424.05 739.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 453.74 739.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 474.44 739.00 Td (successful ) Tj ET Q q 0 0 0 rg BT 514.13 739.00 Td (completion ) Tj ET Q q 0 0 0 rg BT 557.32 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 567.51 739.00 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (inspection ) Tj ET Q q 0 0 0 rg BT 75.35 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 86.70 728.20 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 126.05 728.20 Td (Safety ) Tj ET Q q 0 0 0 rg BT 150.88 728.20 Td (Authority) Tj ET Q q 0 0 0 rg BT 185.29 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 189.90 728.20 Td (based ) Tj ET Q q 0 0 0 rg BT 212.75 728.20 Td (on ) Tj ET Q q 0 0 0 rg BT 224.10 728.20 Td (information ) Tj ET Q q 0 0 0 rg BT 268.95 728.20 Td (that ) Tj ET Q q 0 0 0 rg BT 284.80 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 291.15 728.20 Td (company ) Tj ET Q q 0 0 0 rg BT 326.49 728.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 359.84 728.20 Td (about ) Tj ET Q q 0 0 0 rg BT 382.20 728.20 Td (its ) Tj ET Q q 0 0 0 rg BT 393.05 728.20 Td (facility) Tj ET Q q 0 0 0 rg BT 417.96 728.20 Td (, ) Tj ET Q q 0 0 0 rg BT 422.56 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 432.42 728.20 Td (well ) Tj ET Q q 0 0 0 rg BT 450.27 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 460.12 728.20 Td (any ) Tj ET Q q 0 0 0 rg BT 475.47 728.20 Td (information ) Tj ET Q q 0 0 0 rg BT 520.32 728.20 Td (gathered ) Tj ET Q q 0 0 0 rg BT 553.65 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 565.01 728.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 77.66 717.40 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 116.32 717.40 Td (Safety ) Tj ET Q q 0 0 0 rg BT 140.61 717.40 Td (Authority ) Tj ET Q q 0 0 0 rg BT 177.28 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 185.95 717.40 Td (its ) Tj ET Q q 0 0 0 rg BT 196.12 717.40 Td (follow-up ) Tj ET Q q 0 0 0 rg BT 233.29 717.40 Td (review ) Tj ET Q q 0 0 0 rg BT 259.44 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 268.61 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 274.28 717.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 302.45 717.40 Td (facility) Tj ET Q q 0 0 0 rg BT 327.35 717.40 Td (. ) Tj ET Q q 0 0 0 rg BT 330.90 717.40 Td (An ) Tj ET Q q 0 0 0 rg BT 343.20 717.40 Td (AOC ) Tj ET Q q 0 0 0 rg BT 363.87 717.40 Td (alone ) Tj ET Q q 0 0 0 rg BT 385.03 717.40 Td (does ) Tj ET Q q 0 0 0 rg BT 403.20 717.40 Td (not ) Tj ET Q q 0 0 0 rg BT 416.37 717.40 Td (grant ) Tj ET Q q 0 0 0 rg BT 436.53 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 442.20 717.40 Td (company ) Tj ET Q q 0 0 0 rg BT 476.86 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 489.52 717.40 Td (right ) Tj ET Q q 0 0 0 rg BT 508.19 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 516.86 717.40 Td (begin ) Tj ET Q q 0 0 0 rg BT 538.52 717.40 Td (operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (on ) Tj ET Q q 0 0 0 rg BT 47.84 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.68 706.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 104.51 706.60 Td (Continental ) Tj ET Q q 0 0 0 rg BT 149.35 706.60 Td (Shelf, ) Tj ET Q q 0 0 0 rg BT 173.44 706.60 Td (but ) Tj ET Q q 0 0 0 rg BT 187.78 706.60 Td (it ) Tj ET Q q 0 0 0 rg BT 195.63 706.60 Td (is ) Tj ET Q q 0 0 0 rg BT 204.47 706.60 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 245.80 706.60 Td (for ) Tj ET Q q 0 0 0 rg BT 259.14 706.60 Td (most ) Tj ET Q q 0 0 0 rg BT 279.49 706.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 318.82 706.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 359.15 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.00 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 385.33 706.60 Td (location, ) Tj ET Q q 0 0 0 rg BT 419.42 706.60 Td (including ) Tj ET Q q 0 0 0 rg BT 456.26 706.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 487.85 706.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 531.94 706.60 Td (storage, ) Tj ET Q q 0 0 0 rg BT 563.02 706.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (of) Tj ET Q q 0 0 0 rg BT 43.33 695.80 Td (floading ) Tj ET Q q 0 0 0 rg BT 75.55 695.80 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 110.51 695.80 Td (All ) Tj ET Q q 0 0 0 rg BT 124.23 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 133.95 695.80 Td (our ) Tj ET Q q 0 0 0 rg BT 148.16 695.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 176.88 695.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 192.60 695.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 212.31 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.53 695.80 Td (specifications ) Tj ET Q q 0 0 0 rg BT 277.23 695.80 Td (required ) Tj ET Q q 0 0 0 rg BT 309.43 695.80 Td (by ) Tj ET Q q 0 0 0 rg BT 320.65 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 333.86 695.80 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 373.08 695.80 Td (Safety ) Tj ET Q q 0 0 0 rg BT 397.80 695.80 Td (Authority ) Tj ET Q q 0 0 0 rg BT 435.02 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 450.23 695.80 Td (we ) Tj ET Q q 0 0 0 rg BT 462.94 695.80 Td (have ) Tj ET Q q 0 0 0 rg BT 482.15 695.80 Td (obtained ) Tj ET Q q 0 0 0 rg BT 515.36 695.80 Td (an ) Tj ET Q q 0 0 0 rg BT 525.58 695.80 Td (AOC ) Tj ET Q q 0 0 0 rg BT 546.81 695.80 Td (for ) Tj ET Q q 0 0 0 rg BT 559.52 695.80 Td (each ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 685.00 Td (our ) Tj ET Q q 0 0 0 rg BT 59.99 685.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 88.74 685.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 104.49 685.00 Td (that ) Tj ET Q q 0 0 0 rg BT 120.24 685.00 Td (are ) Tj ET Q q 0 0 0 rg BT 133.48 685.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 168.21 685.00 Td (in ) Tj ET Q q 0 0 0 rg BT 177.46 685.00 Td (operation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (United ) Tj ET Q q 0 0 0 rg BT 62.75 657.40 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 98.00 657.40 Td (Regulation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 66.77 643.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 101.52 643.60 Td (in ) Tj ET Q q 0 0 0 rg BT 110.79 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.06 643.60 Td (United ) Tj ET Q q 0 0 0 rg BT 150.82 643.60 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 187.09 643.60 Td (are ) Tj ET Q q 0 0 0 rg BT 200.34 643.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 228.11 643.60 Td (to ) Tj ET Q q 0 0 0 rg BT 237.38 643.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 291.63 643.60 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 336.14 643.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 360.90 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.16 643.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 412.92 643.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 428.18 643.60 Td (1998, ) Tj ET Q q 0 0 0 rg BT 450.70 643.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 462.47 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 477.73 643.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 492.00 643.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 532.76 643.60 Td (are ) Tj ET Q q 0 0 0 rg BT 546.01 643.60 Td (required ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.11 632.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 69.72 632.80 Td (approval ) Tj ET Q q 0 0 0 rg BT 103.32 632.80 Td (from ) Tj ET Q q 0 0 0 rg BT 122.92 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 136.03 632.80 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 155.64 632.80 Td (Department ) Tj ET Q q 0 0 0 rg BT 200.24 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 209.85 632.80 Td (Ener) Tj ET Q q 0 0 0 rg BT 226.67 632.80 Td (gy ) Tj ET Q q 0 0 0 rg BT 237.78 632.80 Td (and ) Tj ET Q q 0 0 0 rg BT 252.89 632.80 Td (Climate ) Tj ET Q q 0 0 0 rg BT 283.50 632.80 Td (Change, ) Tj ET Q q 0 0 0 rg BT 315.35 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 324.96 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 338.07 632.80 Td (DECC ) Tj ET Q q 0 0 0 rg BT 364.18 632.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 383.79 632.80 Td (to ) Tj ET Q q 0 0 0 rg BT 392.90 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 406.01 632.80 Td (commencement ) Tj ET Q q 0 0 0 rg BT 465.09 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 474.70 632.80 Td (any ) Tj ET Q q 0 0 0 rg BT 489.81 632.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 518.42 632.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 547.52 632.80 Td (onshore ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 45.75 622.00 Td (on ) Tj ET Q q 0 0 0 rg BT 57.00 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 70.24 622.00 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 89.99 622.00 Td (Continental ) Tj ET Q q 0 0 0 rg BT 134.24 622.00 Td (Shelf.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.55 594.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 87.58 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 97.13 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 110.68 594.40 Td (United ) Tj ET Q q 0 0 0 rg BT 137.72 594.40 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 174.27 594.40 Td (must ) Tj ET Q q 0 0 0 rg BT 194.32 594.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 223.87 594.40 Td (with ) Tj ET Q q 0 0 0 rg BT 242.42 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 255.96 594.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 298.50 594.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 329.54 594.40 Td (by ) Tj ET Q q 0 0 0 rg BT 341.09 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 354.63 594.40 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 374.68 594.40 Td (Health ) Tj ET Q q 0 0 0 rg BT 401.22 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 416.76 594.40 Td (Safety ) Tj ET Q q 0 0 0 rg BT 442.30 594.40 Td (Executive, ) Tj ET Q q 0 0 0 rg BT 483.08 594.40 Td (or ) Tj ET Q q 0 0 0 rg BT 493.13 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 506.67 594.40 Td (HSE, ) Tj ET Q q 0 0 0 rg BT 528.47 594.40 Td (including ) Tj ET Q q 0 0 0 rg BT 565.02 594.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (Of) Tj ET Q q 0 0 0 rg BT 45.33 583.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 69.33 583.60 Td (Installations ) Tj ET Q q 0 0 0 rg BT 114.83 583.60 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 155.33 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.33 583.60 Td (Fire ) Tj ET Q q 0 0 0 rg BT 180.33 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 194.83 583.60 Td (Explosion, ) Tj ET Q q 0 0 0 rg BT 235.09 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.59 583.60 Td (Emer) Tj ET Q q 0 0 0 rg BT 268.92 583.60 Td (gency ) Tj ET Q q 0 0 0 rg BT 291.91 583.60 Td (Response ) Tj ET Q q 0 0 0 rg BT 327.91 583.60 Td (\(PFEER\) ) Tj ET Q q 0 0 0 rg BT 362.42 583.60 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 406.92 583.60 Td (1995. ) Tj ET Q q 0 0 0 rg BT 428.68 583.60 Td (In ) Tj ET Q q 0 0 0 rg BT 437.68 583.60 Td (order ) Tj ET Q q 0 0 0 rg BT 458.18 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 466.68 583.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 495.18 583.60 Td (with ) Tj ET Q q 0 0 0 rg BT 512.69 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 525.19 583.60 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 544.19 583.60 Td (Of) Tj ET Q q 0 0 0 rg BT 553.53 583.60 Td (fshore ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (Installations ) Tj ET Q q 0 0 0 rg BT 82.41 572.80 Td (\(Safety ) Tj ET Q q 0 0 0 rg BT 110.82 572.80 Td (Case\) ) Tj ET Q q 0 0 0 rg BT 133.73 572.80 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 179.14 572.80 Td (2005, ) Tj ET Q q 0 0 0 rg BT 201.81 572.80 Td (we ) Tj ET Q q 0 0 0 rg BT 214.72 572.80 Td (are ) Tj ET Q q 0 0 0 rg BT 228.12 572.80 Td (also ) Tj ET Q q 0 0 0 rg BT 245.03 572.80 Td (required ) Tj ET Q q 0 0 0 rg BT 277.44 572.80 Td (to ) Tj ET Q q 0 0 0 rg BT 286.85 572.80 Td (submit ) Tj ET Q q 0 0 0 rg BT 313.77 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 320.19 572.80 Td (periodic ) Tj ET Q q 0 0 0 rg BT 352.09 572.80 Td (safety ) Tj ET Q q 0 0 0 rg BT 376.00 572.80 Td (case ) Tj ET Q q 0 0 0 rg BT 393.90 572.80 Td (report, ) Tj ET Q q 0 0 0 rg BT 420.06 572.80 Td (or ) Tj ET Q q 0 0 0 rg BT 429.97 572.80 Td (Safety ) Tj ET Q q 0 0 0 rg BT 455.38 572.80 Td (Case, ) Tj ET Q q 0 0 0 rg BT 477.54 572.80 Td (to ) Tj ET Q q 0 0 0 rg BT 486.96 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 500.37 572.80 Td (HSE ) Tj ET Q q 0 0 0 rg BT 519.79 572.80 Td (as ) Tj ET Q q 0 0 0 rg BT 529.70 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 536.12 572.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 568.52 572.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 50.56 562.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 76.11 562.00 Td (to ) Tj ET Q q 0 0 0 rg BT 85.67 562.00 Td (control ) Tj ET Q q 0 0 0 rg BT 113.72 562.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 133.28 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 148.84 562.00 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 199.37 562.00 Td (implement ) Tj ET Q q 0 0 0 rg BT 240.42 562.00 Td (health ) Tj ET Q q 0 0 0 rg BT 264.97 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 280.53 562.00 Td (safety ) Tj ET Q q 0 0 0 rg BT 304.57 562.00 Td (management ) Tj ET Q q 0 0 0 rg BT 353.11 562.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 384.17 562.00 Td (for ) Tj ET Q q 0 0 0 rg BT 397.23 562.00 Td (each ) Tj ET Q q 0 0 0 rg BT 416.27 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.32 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 440.88 562.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 456.94 562.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 493.48 562.00 Td (in ) Tj ET Q q 0 0 0 rg BT 503.04 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 516.60 562.00 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 536.47 562.00 Td (The ) Tj ET Q q 0 0 0 rg BT 553.02 562.00 Td (Safety ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (Cases ) Tj ET Q q 0 0 0 rg BT 58.31 551.20 Td (are ) Tj ET Q q 0 0 0 rg BT 70.60 551.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.40 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 105.71 551.20 Td (revision ) Tj ET Q q 0 0 0 rg BT 136.02 551.20 Td (every ) Tj ET Q q 0 0 0 rg BT 157.32 551.20 Td (five ) Tj ET Q q 0 0 0 rg BT 172.62 551.20 Td (years, ) Tj ET Q q 0 0 0 rg BT 195.17 551.20 Td (however ) Tj ET Q q 0 0 0 rg BT 227.46 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 239.77 551.20 Td (HSE ) Tj ET Q q 0 0 0 rg BT 258.08 551.20 Td (can ) Tj ET Q q 0 0 0 rg BT 271.88 551.20 Td (require ) Tj ET Q q 0 0 0 rg BT 298.67 551.20 Td (resubmission ) Tj ET Q q 0 0 0 rg BT 347.48 551.20 Td (earlier ) Tj ET Q q 0 0 0 rg BT 371.77 551.20 Td (particularly ) Tj ET Q q 0 0 0 rg BT 414.56 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 422.87 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.17 551.20 Td (event ) Tj ET Q q 0 0 0 rg BT 455.97 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 470.28 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 479.08 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 491.39 551.20 Td (contents ) Tj ET Q q 0 0 0 rg BT 522.69 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 531.50 551.20 Td (assumptions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (of ) Tj ET Q q 0 0 0 rg BT 45.44 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 58.38 540.40 Td (original ) Tj ET Q q 0 0 0 rg BT 88.32 540.40 Td (Safety ) Tj ET Q q 0 0 0 rg BT 113.25 540.40 Td (Case ) Tj ET Q q 0 0 0 rg BT 132.69 540.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 171.12 540.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 202.05 540.40 Td (during ) Tj ET Q q 0 0 0 rg BT 227.49 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.42 540.40 Td (five ) Tj ET Q q 0 0 0 rg BT 256.36 540.40 Td (year ) Tj ET Q q 0 0 0 rg BT 273.79 540.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 300.84 540.40 Td (The ) Tj ET Q q 0 0 0 rg BT 316.77 540.40 Td (HSE ) Tj ET Q q 0 0 0 rg BT 335.72 540.40 Td (also ) Tj ET Q q 0 0 0 rg BT 352.16 540.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 383.09 540.40 Td (that ) Tj ET Q q 0 0 0 rg BT 398.53 540.40 Td (we ) Tj ET Q q 0 0 0 rg BT 410.96 540.40 Td (keep ) Tj ET Q q 0 0 0 rg BT 429.90 540.40 Td (our ) Tj ET Q q 0 0 0 rg BT 443.84 540.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 479.77 540.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 498.71 540.40 Td (as ) Tj ET Q q 0 0 0 rg BT 512.15 540.40 Td (low ) Tj ET Q q 0 0 0 rg BT 527.59 540.40 Td (as ) Tj ET Q q 0 0 0 rg BT 537.03 540.40 Td (reasonably ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.60 Td (practicable.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 502.00 Td (As ) Tj ET Q q 0 0 0 rg BT 47.69 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 56.87 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.54 502.00 Td (date ) Tj ET Q q 0 0 0 rg BT 86.22 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 95.40 502.00 Td (this ) Tj ET Q q 0 0 0 rg BT 110.08 502.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 135.76 502.00 Td (report, ) Tj ET Q q 0 0 0 rg BT 161.18 502.00 Td (two ) Tj ET Q q 0 0 0 rg BT 176.36 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 185.54 502.00 Td (our ) Tj ET Q q 0 0 0 rg BT 199.22 502.00 Td (units, ) Tj ET Q q 0 0 0 rg BT 220.66 502.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.34 502.00 Td (W) Tj ET Q q 0 0 0 rg BT 240.01 502.00 Td (est ) Tj ET Q q 0 0 0 rg BT 251.69 502.00 Td (Phoenix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.18 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 298.10 502.00 Td (the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 311.35 502.00 Td (W) Tj ET Q q 0 0 0 rg BT 318.02 502.00 Td (est ) Tj ET Q q 0 0 0 rg BT 329.70 502.00 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.20 502.00 Td (, ) Tj ET Q q 0 0 0 rg BT 370.13 502.00 Td (have ) Tj ET Q q 0 0 0 rg BT 388.81 502.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 421.48 502.00 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 462.63 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 471.81 502.00 Td (their ) Tj ET Q q 0 0 0 rg BT 489.98 502.00 Td (Safety ) Tj ET Q q 0 0 0 rg BT 514.66 502.00 Td (Cases ) Tj ET Q q 0 0 0 rg BT 537.34 502.00 Td (for ) Tj ET Q q 0 0 0 rg BT 549.51 502.00 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.74 491.20 Td (in ) Tj ET Q q 0 0 0 rg BT 84.99 491.20 Td (the ) Tj ET Q q 0 0 0 rg BT 98.24 491.20 Td (United ) Tj ET Q q 0 0 0 rg BT 124.98 491.20 Td (Kingdom.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 463.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.25 463.60 Td (Laws ) Tj ET Q q 0 0 0 rg BT 80.51 463.60 Td (and ) Tj ET Q q 0 0 0 rg BT 96.26 463.60 Td (Regulations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 449.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.83 449.80 Td (addition ) Tj ET Q q 0 0 0 rg BT 77.65 449.80 Td (to ) Tj ET Q q 0 0 0 rg BT 86.98 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 100.31 449.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 149.62 449.80 Td (described ) Tj ET Q q 0 0 0 rg BT 186.43 449.80 Td (above, ) Tj ET Q q 0 0 0 rg BT 212.50 449.80 Td (our ) Tj ET Q q 0 0 0 rg BT 226.82 449.80 Td (international ) Tj ET Q q 0 0 0 rg BT 274.64 449.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 314.46 449.80 Td (in ) Tj ET Q q 0 0 0 rg BT 323.78 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 337.11 449.80 Td (of) Tj ET Q q 0 0 0 rg BT 344.44 449.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 369.26 449.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 398.09 449.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 430.41 449.80 Td (are ) Tj ET Q q 0 0 0 rg BT 443.73 449.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 471.55 449.80 Td (to ) Tj ET Q q 0 0 0 rg BT 480.88 449.80 Td (various ) Tj ET Q q 0 0 0 rg BT 509.70 449.80 Td (other ) Tj ET Q q 0 0 0 rg BT 530.53 449.80 Td (international ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.00 Td (conventions ) Tj ET Q q 0 0 0 rg BT 81.90 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.29 439.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 116.20 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 131.59 439.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 173.99 439.00 Td (in ) Tj ET Q q 0 0 0 rg BT 183.39 439.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 218.79 439.00 Td (in ) Tj ET Q q 0 0 0 rg BT 228.19 439.00 Td (which ) Tj ET Q q 0 0 0 rg BT 252.59 439.00 Td (we ) Tj ET Q q 0 0 0 rg BT 265.49 439.00 Td (operate, ) Tj ET Q q 0 0 0 rg BT 296.62 439.00 Td (including ) Tj ET Q q 0 0 0 rg BT 333.02 439.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 351.92 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.32 439.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 409.72 439.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 439.61 439.00 Td (to ) Tj ET Q q 0 0 0 rg BT 449.01 439.00 Td (the ) Tj ET Q q 0 0 0 rg BT 462.41 439.00 Td (importation ) Tj ET Q q 0 0 0 rg BT 506.81 439.00 Td (of ) Tj ET Q q 0 0 0 rg BT 516.71 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 532.11 439.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 568.50 439.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.29 428.20 Td (units ) Tj ET Q q 0 0 0 rg BT 83.59 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 98.38 428.20 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 140.41 428.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 173.68 428.20 Td (conversions ) Tj ET Q q 0 0 0 rg BT 218.47 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 233.25 428.20 Td (repatriation, ) Tj ET Q q 0 0 0 rg BT 278.78 428.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 290.07 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 304.86 428.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 318.65 428.20 Td (exploration ) Tj ET Q q 0 0 0 rg BT 361.43 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 376.22 428.20 Td (development, ) Tj ET Q q 0 0 0 rg BT 426.74 428.20 Td (taxation ) Tj ET Q q 0 0 0 rg BT 457.53 428.20 Td (of ) Tj ET Q q 0 0 0 rg BT 466.82 428.20 Td (of) Tj ET Q q 0 0 0 rg BT 474.15 428.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 498.44 428.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 530.72 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 545.51 428.20 Td (earnings ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 45.81 417.40 Td (expatriate ) Tj ET Q q 0 0 0 rg BT 83.60 417.40 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 123.16 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 136.46 417.40 Td (use ) Tj ET Q q 0 0 0 rg BT 150.78 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 160.59 417.40 Td (local ) Tj ET Q q 0 0 0 rg BT 180.39 417.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 221.19 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 236.50 417.40 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 271.31 417.40 Td (by ) Tj ET Q q 0 0 0 rg BT 282.63 417.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 310.93 417.40 Td (contractors ) Tj ET Q q 0 0 0 rg BT 353.22 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 368.53 417.40 Td (duties ) Tj ET Q q 0 0 0 rg BT 392.35 417.40 Td (on ) Tj ET Q q 0 0 0 rg BT 403.66 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 416.97 417.40 Td (importation ) Tj ET Q q 0 0 0 rg BT 461.28 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 476.58 417.40 Td (exportation ) Tj ET Q q 0 0 0 rg BT 519.89 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 529.70 417.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 558.51 417.40 Td (units ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 406.60 Td (other ) Tj ET Q q 0 0 0 rg BT 71.99 406.60 Td (equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 377.80 Td (Risk of Loss and Insurance Coverage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 364.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.12 364.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 91.73 364.00 Td (are ) Tj ET Q q 0 0 0 rg BT 104.84 364.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 132.46 364.00 Td (to ) Tj ET Q q 0 0 0 rg BT 141.58 364.00 Td (hazards ) Tj ET Q q 0 0 0 rg BT 171.19 364.00 Td (inherent ) Tj ET Q q 0 0 0 rg BT 202.80 364.00 Td (in ) Tj ET Q q 0 0 0 rg BT 211.93 364.00 Td (the ) Tj ET Q q 0 0 0 rg BT 225.04 364.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 253.67 364.00 Td (of ) Tj ET Q q 0 0 0 rg BT 263.29 364.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 274.91 364.00 Td (and ) Tj ET Q q 0 0 0 rg BT 290.03 364.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 304.15 364.00 Td (wells, ) Tj ET Q q 0 0 0 rg BT 327.52 364.00 Td (including ) Tj ET Q q 0 0 0 rg BT 363.64 364.00 Td (blowouts ) Tj ET Q q 0 0 0 rg BT 398.77 364.00 Td (and ) Tj ET Q q 0 0 0 rg BT 413.89 364.00 Td (well ) Tj ET Q q 0 0 0 rg BT 431.50 364.00 Td (fires, ) Tj ET Q q 0 0 0 rg BT 451.87 364.00 Td (which ) Tj ET Q q 0 0 0 rg BT 475.99 364.00 Td (could ) Tj ET Q q 0 0 0 rg BT 498.11 364.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 520.22 364.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 552.83 364.00 Td (injury) Tj ET Q q 0 0 0 rg BT 573.74 364.00 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 353.20 Td (suspend ) Tj ET Q q 0 0 0 rg BT 67.46 353.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 96.43 353.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 138.63 353.20 Td (destroy ) Tj ET Q q 0 0 0 rg BT 167.59 353.20 Td (the ) Tj ET Q q 0 0 0 rg BT 181.04 353.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 221.50 353.20 Td (involved ) Tj ET Q q 0 0 0 rg BT 255.46 353.20 Td (or ) Tj ET Q q 0 0 0 rg BT 265.42 353.20 Td (cause ) Tj ET Q q 0 0 0 rg BT 287.87 353.20 Td (serious ) Tj ET Q q 0 0 0 rg BT 315.83 353.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 370.27 353.20 Td (damage. ) Tj ET Q q 0 0 0 rg BT 402.97 353.20 Td (Of) Tj ET Q q 0 0 0 rg BT 412.31 353.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 437.26 353.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 466.22 353.20 Td (contractors ) Tj ET Q q 0 0 0 rg BT 508.67 353.20 Td (such ) Tj ET Q q 0 0 0 rg BT 527.63 353.20 Td (as ) Tj ET Q q 0 0 0 rg BT 537.59 353.20 Td (us ) Tj ET Q q 0 0 0 rg BT 548.06 353.20 Td (are ) Tj ET Q q 0 0 0 rg BT 561.50 353.20 Td (also ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 342.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 62.83 342.40 Td (to ) Tj ET Q q 0 0 0 rg BT 71.16 342.40 Td (hazards ) Tj ET Q q 0 0 0 rg BT 99.98 342.40 Td (particular ) Tj ET Q q 0 0 0 rg BT 135.79 342.40 Td (to ) Tj ET Q q 0 0 0 rg BT 144.13 342.40 Td (marine ) Tj ET Q q 0 0 0 rg BT 170.45 342.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 211.52 342.40 Td (including ) Tj ET Q q 0 0 0 rg BT 246.85 342.40 Td (capsizing, ) Tj ET Q q 0 0 0 rg BT 284.42 342.40 Td (grounding, ) Tj ET Q q 0 0 0 rg BT 325.00 342.40 Td (collision ) Tj ET Q q 0 0 0 rg BT 357.34 342.40 Td (and ) Tj ET Q q 0 0 0 rg BT 371.67 342.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 387.01 342.40 Td (or ) Tj ET Q q 0 0 0 rg BT 395.84 342.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 425.15 342.40 Td (from ) Tj ET Q q 0 0 0 rg BT 443.98 342.40 Td (severe ) Tj ET Q q 0 0 0 rg BT 468.30 342.40 Td (weather) Tj ET Q q 0 0 0 rg BT 496.29 342.40 Td (. ) Tj ET Q q 0 0 0 rg BT 499.87 342.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 515.20 342.40 Td (marine ) Tj ET Q q 0 0 0 rg BT 541.52 342.40 Td (insurance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.60 Td (package ) Tj ET Q q 0 0 0 rg BT 67.73 331.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 92.47 331.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 125.72 331.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 162.45 331.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 197.18 331.60 Td (for ) Tj ET Q q 0 0 0 rg BT 209.92 331.60 Td (physical ) Tj ET Q q 0 0 0 rg BT 242.17 331.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 272.40 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 281.65 331.60 Td (our ) Tj ET Q q 0 0 0 rg BT 295.90 331.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 324.65 331.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 342.65 331.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 358.90 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.65 331.60 Td (hire ) Tj ET Q q 0 0 0 rg BT 384.89 331.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.14 331.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 440.87 331.60 Td (liability) Tj ET Q q 0 0 0 rg BT 468.29 331.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 304.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.58 304.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 89.65 304.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 115.73 304.00 Td (are ) Tj ET Q q 0 0 0 rg BT 129.30 304.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 157.38 304.00 Td (to ) Tj ET Q q 0 0 0 rg BT 166.96 304.00 Td (a ) Tj ET Q q 0 0 0 rg BT 173.54 304.00 Td (deductible, ) Tj ET Q q 0 0 0 rg BT 215.86 304.00 Td (or ) Tj ET Q q 0 0 0 rg BT 225.94 304.00 Td (non-recoverable, ) Tj ET Q q 0 0 0 rg BT 289.24 304.00 Td (amount. ) Tj ET Q q 0 0 0 rg BT 320.89 304.00 Td (W) Tj ET Q q 0 0 0 rg BT 328.66 304.00 Td (e ) Tj ET Q q 0 0 0 rg BT 335.24 304.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 370.31 304.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 404.39 304.00 Td (a ) Tj ET Q q 0 0 0 rg BT 410.97 304.00 Td (deductible ) Tj ET Q q 0 0 0 rg BT 451.04 304.00 Td (per ) Tj ET Q q 0 0 0 rg BT 465.11 304.00 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 507.17 304.00 Td (of ) Tj ET Q q 0 0 0 rg BT 517.25 304.00 Td (up ) Tj ET Q q 0 0 0 rg BT 528.83 304.00 Td (to ) Tj ET Q q 0 0 0 rg BT 538.42 304.00 Td ($5 ) Tj ET Q q 0 0 0 rg BT 550.00 304.00 Td (million ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 293.20 Td (related ) Tj ET Q q 0 0 0 rg BT 62.56 293.20 Td (to ) Tj ET Q q 0 0 0 rg BT 71.64 293.20 Td (physical ) Tj ET Q q 0 0 0 rg BT 103.71 293.20 Td (damage ) Tj ET Q q 0 0 0 rg BT 133.77 293.20 Td (to ) Tj ET Q q 0 0 0 rg BT 142.85 293.20 Td (our ) Tj ET Q q 0 0 0 rg BT 156.92 293.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 185.50 293.20 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 203.33 293.20 Td (However) Tj ET Q q 0 0 0 rg BT 235.95 293.20 Td (, ) Tj ET Q q 0 0 0 rg BT 240.28 293.20 Td (a ) Tj ET Q q 0 0 0 rg BT 246.35 293.20 Td (total ) Tj ET Q q 0 0 0 rg BT 264.43 293.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 280.51 293.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 292.33 293.20 Td (or ) Tj ET Q q 0 0 0 rg BT 301.91 293.20 Td (a ) Tj ET Q q 0 0 0 rg BT 307.98 293.20 Td (constructive ) Tj ET Q q 0 0 0 rg BT 354.04 293.20 Td (total ) Tj ET Q q 0 0 0 rg BT 372.12 293.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 388.20 293.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 400.02 293.20 Td (a ) Tj ET Q q 0 0 0 rg BT 406.10 293.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 434.67 293.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 446.75 293.20 Td (is ) Tj ET Q q 0 0 0 rg BT 454.83 293.20 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 498.87 293.20 Td (without ) Tj ET Q q 0 0 0 rg BT 528.45 293.20 Td (being ) Tj ET Q q 0 0 0 rg BT 550.53 293.20 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.57 282.40 Td (a ) Tj ET Q q 0 0 0 rg BT 52.13 282.40 Td (deductible. ) Tj ET Q q 0 0 0 rg BT 94.43 282.40 Td (For ) Tj ET Q q 0 0 0 rg BT 109.49 282.40 Td (general ) Tj ET Q q 0 0 0 rg BT 138.54 282.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.10 282.40 Td (marine ) Tj ET Q q 0 0 0 rg BT 181.65 282.40 Td (third-party ) Tj ET Q q 0 0 0 rg BT 222.71 282.40 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 261.02 282.40 Td (we ) Tj ET Q q 0 0 0 rg BT 274.08 282.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 310.12 282.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 344.18 282.40 Td (a ) Tj ET Q q 0 0 0 rg BT 350.74 282.40 Td (deductible ) Tj ET Q q 0 0 0 rg BT 390.79 282.40 Td (of ) Tj ET Q q 0 0 0 rg BT 400.85 282.40 Td (up ) Tj ET Q q 0 0 0 rg BT 412.42 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 421.99 282.40 Td ($25,000 ) Tj ET Q q 0 0 0 rg BT 453.80 282.40 Td (per ) Tj ET Q q 0 0 0 rg BT 467.86 282.40 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 509.89 282.40 Td (on ) Tj ET Q q 0 0 0 rg BT 521.46 282.40 Td (personal ) Tj ET Q q 0 0 0 rg BT 554.51 282.40 Td (injury ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 271.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 66.28 271.60 Td (for ) Tj ET Q q 0 0 0 rg BT 79.05 271.60 Td (crew ) Tj ET Q q 0 0 0 rg BT 98.82 271.60 Td (claims, ) Tj ET Q q 0 0 0 rg BT 126.84 271.60 Td (non-crew ) Tj ET Q q 0 0 0 rg BT 163.11 271.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 188.88 271.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.16 271.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 244.92 271.60 Td (property ) Tj ET Q q 0 0 0 rg BT 277.69 271.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 307.96 271.60 Td (including ) Tj ET Q q 0 0 0 rg BT 344.24 271.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.02 271.60 Td (pollution ) Tj ET Q q 0 0 0 rg BT 390.80 271.60 Td (from ) Tj ET Q q 0 0 0 rg BT 410.58 271.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.85 271.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 452.63 271.60 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 470.66 271.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 520.18 271.60 Td (for ) Tj ET Q q 0 0 0 rg BT 532.96 271.60 Td (some ) Tj ET Q q 0 0 0 rg BT 554.23 271.60 Td (of ) Tj ET Q q 0 0 0 rg BT 564.01 271.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.64 260.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 80.28 260.80 Td (we ) Tj ET Q q 0 0 0 rg BT 92.92 260.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 127.04 260.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 163.67 260.80 Td (to ) Tj ET Q q 0 0 0 rg BT 172.81 260.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 194.94 260.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 211.08 260.80 Td (due ) Tj ET Q q 0 0 0 rg BT 226.22 260.80 Td (to ) Tj ET Q q 0 0 0 rg BT 235.36 260.80 Td (the ) Tj ET Q q 0 0 0 rg BT 248.50 260.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 277.14 260.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 289.27 260.80 Td (being ) Tj ET Q q 0 0 0 rg BT 311.41 260.80 Td (wholly ) Tj ET Q q 0 0 0 rg BT 338.55 260.80 Td (or ) Tj ET Q q 0 0 0 rg BT 348.19 260.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 380.32 260.80 Td (deprived ) Tj ET Q q 0 0 0 rg BT 413.95 260.80 Td (of ) Tj ET Q q 0 0 0 rg BT 423.59 260.80 Td (income ) Tj ET Q q 0 0 0 rg BT 452.22 260.80 Td (as ) Tj ET Q q 0 0 0 rg BT 461.85 260.80 Td (a ) Tj ET Q q 0 0 0 rg BT 467.99 260.80 Td (consequence ) Tj ET Q q 0 0 0 rg BT 516.11 260.80 Td (of ) Tj ET Q q 0 0 0 rg BT 525.75 260.80 Td (damage ) Tj ET Q q 0 0 0 rg BT 555.87 260.80 Td (to ) Tj ET Q q 0 0 0 rg BT 565.01 260.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.00 Td (rig. ) Tj ET Q q 0 0 0 rg BT 50.46 250.00 Td (The ) Tj ET Q q 0 0 0 rg BT 66.84 250.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 83.23 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 93.11 250.00 Td (hire ) Tj ET Q q 0 0 0 rg BT 109.49 250.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 146.36 250.00 Td (has ) Tj ET Q q 0 0 0 rg BT 160.75 250.00 Td (a ) Tj ET Q q 0 0 0 rg BT 167.13 250.00 Td (deductible ) Tj ET Q q 0 0 0 rg BT 207.00 250.00 Td (period ) Tj ET Q q 0 0 0 rg BT 232.38 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.26 250.00 Td (60 ) Tj ET Q q 0 0 0 rg BT 253.65 250.00 Td (days ) Tj ET Q q 0 0 0 rg BT 272.53 250.00 Td (after ) Tj ET Q q 0 0 0 rg BT 291.40 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 304.78 250.00 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 346.64 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 356.52 250.00 Td (physical ) Tj ET Q q 0 0 0 rg BT 388.90 250.00 Td (damage. ) Tj ET Q q 0 0 0 rg BT 421.35 250.00 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 458.45 250.00 Td (, ) Tj ET Q q 0 0 0 rg BT 463.09 250.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 497.95 250.00 Td (is ) Tj ET Q q 0 0 0 rg BT 506.34 250.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 534.22 250.00 Td (to ) Tj ET Q q 0 0 0 rg BT 543.61 250.00 Td (210 ) Tj ET Q q 0 0 0 rg BT 559.50 250.00 Td (days ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 239.20 Td (per ) Tj ET Q q 0 0 0 rg BT 49.35 239.20 Td (event ) Tj ET Q q 0 0 0 rg BT 70.71 239.20 Td (and ) Tj ET Q q 0 0 0 rg BT 85.57 239.20 Td (in ) Tj ET Q q 0 0 0 rg BT 94.43 239.20 Td (the ) Tj ET Q q 0 0 0 rg BT 107.29 239.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 133.14 239.20 Td (aggregate. ) Tj ET Q q 0 0 0 rg BT 172.10 239.20 Td (The ) Tj ET Q q 0 0 0 rg BT 187.95 239.20 Td (daily ) Tj ET Q q 0 0 0 rg BT 207.81 239.20 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 246.17 239.20 Td (or ) Tj ET Q q 0 0 0 rg BT 255.53 239.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 307.38 239.20 Td (is ) Tj ET Q q 0 0 0 rg BT 315.25 239.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 369.09 239.20 Td (75% ) Tj ET Q q 0 0 0 rg BT 387.45 239.20 Td (of ) Tj ET Q q 0 0 0 rg BT 396.81 239.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 239.20 Td (respective ) Tj ET Q q 0 0 0 rg BT 448.02 239.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 478.86 239.20 Td (dayrate. ) Tj ET Q q 0 0 0 rg BT 509.46 239.20 Td (If ) Tj ET Q q 0 0 0 rg BT 517.31 239.20 Td (the ) Tj ET Q q 0 0 0 rg BT 530.17 239.20 Td (repair ) Tj ET Q q 0 0 0 rg BT 553.02 239.20 Td (period ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 228.40 Td (for ) Tj ET Q q 0 0 0 rg BT 48.74 228.40 Td (any ) Tj ET Q q 0 0 0 rg BT 63.99 228.40 Td (physical ) Tj ET Q q 0 0 0 rg BT 96.23 228.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 126.47 228.40 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 157.20 228.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.44 228.40 Td (number ) Tj ET Q q 0 0 0 rg BT 200.18 228.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.93 228.40 Td (days ) Tj ET Q q 0 0 0 rg BT 228.68 228.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 265.42 228.40 Td (under ) Tj ET Q q 0 0 0 rg BT 288.16 228.40 Td (our ) Tj ET Q q 0 0 0 rg BT 302.41 228.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 318.66 228.40 Td (of ) Tj ET Q q 0 0 0 rg BT 328.41 228.40 Td (hire ) Tj ET Q q 0 0 0 rg BT 344.65 228.40 Td (policy) Tj ET Q q 0 0 0 rg BT 366.56 228.40 Td (, ) Tj ET Q q 0 0 0 rg BT 371.06 228.40 Td (we ) Tj ET Q q 0 0 0 rg BT 383.81 228.40 Td (will ) Tj ET Q q 0 0 0 rg BT 400.06 228.40 Td (be ) Tj ET Q q 0 0 0 rg BT 410.80 228.40 Td (responsible ) Tj ET Q q 0 0 0 rg BT 454.04 228.40 Td (for ) Tj ET Q q 0 0 0 rg BT 466.79 228.40 Td (the ) Tj ET Q q 0 0 0 rg BT 480.03 228.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.28 228.40 Td (in ) Tj ET Q q 0 0 0 rg BT 509.53 228.40 Td (such ) Tj ET Q q 0 0 0 rg BT 528.28 228.40 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 199.60 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 199.60 Td (Organizational Structur) Tj ET Q q 0 0 0 rg BT 175.42 199.60 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 185.80 Td (North ) Tj ET Q q 0 0 0 rg BT 57.98 185.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 88.24 185.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 118.01 185.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 134.03 185.80 Td (is ) Tj ET Q q 0 0 0 rg BT 141.30 185.80 Td (a ) Tj ET Q q 0 0 0 rg BT 146.56 185.80 Td (company ) Tj ET Q q 0 0 0 rg BT 180.82 185.80 Td (or) Tj ET Q q 0 0 0 rg BT 188.15 185.80 Td (ganized ) Tj ET Q q 0 0 0 rg BT 217.40 185.80 Td (under ) Tj ET Q q 0 0 0 rg BT 239.16 185.80 Td (the ) Tj ET Q q 0 0 0 rg BT 251.43 185.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 269.19 185.80 Td (of ) Tj ET Q q 0 0 0 rg BT 277.96 185.80 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 314.37 185.80 Td (W) Tj ET Q q 0 0 0 rg BT 322.15 185.80 Td (e ) Tj ET Q q 0 0 0 rg BT 327.41 185.80 Td (are ) Tj ET Q q 0 0 0 rg BT 339.67 185.80 Td (a ) Tj ET Q q 0 0 0 rg BT 344.93 185.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 376.69 185.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 401.95 185.80 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 440.22 185.80 Td (of ) Tj ET Q q 0 0 0 rg BT 448.98 185.80 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 480.49 185.80 Td (which ) Tj ET Q q 0 0 0 rg BT 503.76 185.80 Td (owns ) Tj ET Q q 0 0 0 rg BT 524.03 185.80 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.00 Td (70.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.25 175.00 Td ( ) Tj ET Q q 0 0 0 rg BT 61.80 175.00 Td (of ) Tj ET Q q 0 0 0 rg BT 71.84 175.00 Td (our ) Tj ET Q q 0 0 0 rg BT 86.39 175.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 130.94 175.00 Td (common ) Tj ET Q q 0 0 0 rg BT 164.98 175.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.02 175.00 Td (as ) Tj ET Q q 0 0 0 rg BT 200.07 175.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.11 175.00 Td (the ) Tj ET Q q 0 0 0 rg BT 223.66 175.00 Td (date ) Tj ET Q q 0 0 0 rg BT 241.19 175.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.24 175.00 Td (this ) Tj ET Q q 0 0 0 rg BT 266.23 175.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 295.27 175.00 Td (Report. ) Tj ET Q q 0 0 0 rg BT 324.38 175.00 Td (W) Tj ET Q q 0 0 0 rg BT 332.16 175.00 Td (e ) Tj ET Q q 0 0 0 rg BT 338.70 175.00 Td (own ) Tj ET Q q 0 0 0 rg BT 356.75 175.00 Td (our ) Tj ET Q q 0 0 0 rg BT 371.29 175.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 400.34 175.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 416.39 175.00 Td (through ) Tj ET Q q 0 0 0 rg BT 446.94 175.00 Td (separate ) Tj ET Q q 0 0 0 rg BT 478.96 175.00 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 533.51 175.00 Td (subsidiaries ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.20 Td (that ) Tj ET Q q 0 0 0 rg BT 51.75 164.20 Td (are ) Tj ET Q q 0 0 0 rg BT 64.98 164.20 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 112.71 164.20 Td (in ) Tj ET Q q 0 0 0 rg BT 121.96 164.20 Td (Bermuda.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 136.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 61.24 136.60 Td (see ) Tj ET Q q 0 0 0 rg BT 74.98 136.60 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 103.73 136.60 Td (8.1 ) Tj ET Q q 0 0 0 rg BT 117.23 136.60 Td (to ) Tj ET Q q 0 0 0 rg BT 126.48 136.60 Td (this ) Tj ET Q q 0 0 0 rg BT 141.24 136.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 169.98 136.60 Td (Report ) Tj ET Q q 0 0 0 rg BT 196.73 136.60 Td (for ) Tj ET Q q 0 0 0 rg BT 209.47 136.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.72 136.60 Td (list ) Tj ET Q q 0 0 0 rg BT 228.97 136.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.72 136.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.97 136.60 Td (current ) Tj ET Q q 0 0 0 rg BT 280.70 136.60 Td (subsidiaries.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.37 749.25 Td (operty) Tj ET Q q 0 0 0 rg BT 109.58 749.25 Td (, Plants and Equipment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (Our) Tj ET Q q 0 0 0 rg BT 51.84 721.65 Td ( ) Tj ET Q q 0 0 0 rg BT 54.09 721.65 Td (Fleet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 707.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.84 707.85 Td (fleet ) Tj ET Q q 0 0 0 rg BT 69.67 707.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.00 707.85 Td (seven) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.50 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 101.34 707.85 Td (harsh ) Tj ET Q q 0 0 0 rg BT 122.67 707.85 Td (environment ) Tj ET Q q 0 0 0 rg BT 170.00 707.85 Td (of) Tj ET Q q 0 0 0 rg BT 177.34 707.85 Td (fshore ) Tj ET Q q 0 0 0 rg BT 201.67 707.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 230.01 707.85 Td (rigs ) Tj ET Q q 0 0 0 rg BT 245.35 707.85 Td (consists ) Tj ET Q q 0 0 0 rg BT 275.70 707.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.03 707.85 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.02 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 304.86 707.85 Td (semi-submersibles, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.94 707.85 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.94 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 390.78 707.85 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 449.09 707.85 Td (drillship ) Tj ET Q q 0 0 0 rg BT 480.93 707.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.76 707.85 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.75 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 515.59 707.85 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 544.42 707.85 Td (rigs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.92 707.85 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.01 707.85 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.05 Td (following ) Tj ET Q q 0 0 0 rg BT 73.25 697.05 Td (table ) Tj ET Q q 0 0 0 rg BT 92.99 697.05 Td (sets ) Tj ET Q q 0 0 0 rg BT 108.74 697.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 128.48 697.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 155.21 697.05 Td (information ) Tj ET Q q 0 0 0 rg BT 199.96 697.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 236.69 697.05 Td (our ) Tj ET Q q 0 0 0 rg BT 250.94 697.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 279.69 697.05 Td (rigs ) Tj ET Q q 0 0 0 rg BT 295.44 697.05 Td (as ) Tj ET Q q 0 0 0 rg BT 305.18 697.05 Td (of ) Tj ET Q q 0 0 0 rg BT 314.93 697.05 Td (the ) Tj ET Q q 0 0 0 rg BT 328.17 697.05 Td (date ) Tj ET Q q 0 0 0 rg BT 345.41 697.05 Td (of ) Tj ET Q q 0 0 0 rg BT 355.16 697.05 Td (this ) Tj ET Q q 0 0 0 rg BT 369.92 697.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 398.66 697.05 Td (Report: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 642.55 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.50 642.55 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 642.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 642.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 642.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 642.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 642.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 612.55 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.50 612.55 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 612.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 612.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 612.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 612.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 612.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 582.55 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.50 582.55 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 582.55 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 582.55 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 582.55 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 582.55 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 582.55 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 553.55 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.50 553.55 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 553.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 553.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 553.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 553.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 553.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 523.55 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.50 523.55 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 523.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 523.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 523.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 523.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 523.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 493.55 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.50 493.55 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 493.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 493.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 493.55 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 493.55 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 493.55 75.00 -15.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 647.00 Td (Drilling Rig) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.85 656.00 Td (Generation /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 162.55 647.00 Td (T) Tj ET Q q 0 0 0 rg BT 167.88 647.00 Td (ype) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.45 647.00 Td (Y) Tj ET Q q 0 0 0 rg BT 236.95 647.00 Td (ear) Tj ET Q q 0 0 0 rg BT 249.28 647.00 Td (Built) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.53 647.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.05 674.00 Td (W) Tj ET Q q 0 0 0 rg BT 317.55 674.00 Td (ater) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.20 665.00 Td (Depth) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.75 656.00 Td (Capacity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.10 647.00 Td (\(in feet\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.83 647.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.95 674.00 Td (Drilling) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 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q 0 0 0 rg BT 39.00 617.00 Td (Semi-Submersibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.00 617.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.00 617.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 617.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 617.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 617.01 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 602.00 Td (West Phoenix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.70 602.01 Td (6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 162.20 606.09 Td (th) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.75 602.01 Td ( - HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 602.01 Td (2008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.60 602.01 Td (10,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 602.01 Td (30,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.30 602.01 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.10 602.01 Td (September 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 587.00 Td (West Venture) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.70 587.01 Td (5) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 162.20 591.09 Td (th) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.75 587.01 Td ( - HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 587.01 Td (2000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.85 587.01 Td (2,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 587.01 Td (30,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.30 587.01 Td (Available) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.30 587.01 Td (Available) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 573.00 Td (West Alpha) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.70 573.01 Td (4) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 162.20 577.09 Td (th) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.75 573.01 Td ( - HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 573.01 Td (1986) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.85 573.01 Td (2,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 573.01 Td (23,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.70 573.01 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.85 573.01 Td (July 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 558.00 Td (Drillship) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 172.00 558.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 558.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.00 558.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.00 558.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 558.01 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 543.00 Td (West Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 133.00 543.01 Td (Ultra-deepwater-HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 543.01 Td (2000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.85 543.01 Td (7,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 543.01 Td (35,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.30 543.01 Td (Available) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.30 543.01 Td (Available) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 526.596337890625 m 73.51025390625 526.596337890625 l s q 0 0 0 rg BT 39.00 528.00 Td (Jack-ups) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 172.00 528.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 528.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.00 528.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.00 528.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 528.01 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 513.00 Td (West Epsilon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.75 513.01 Td (HD - HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 513.01 Td (1993) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 513.01 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 513.01 Td (30,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.70 513.01 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.85 513.01 Td (December 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 498.00 Td (West Elara) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.75 498.01 Td (HD - HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 498.01 Td (2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 498.01 Td (450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 498.01 Td (40,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.70 498.01 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.60 498.01 Td (March 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 483.00 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 483.00 Td (est Linus ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 80.18 487.08 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.75 483.01 Td (HD - HE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 483.01 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 483.01 Td (450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.60 483.01 Td (40,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.70 483.01 Td (ConocoPhillips) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.10 483.01 Td (May 2019) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 465.25 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.25 465.25 Td (_____________) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.00 437.65 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 66.00 437.65 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 100.04 437.65 Td (to ) Tj ET Q q 0 0 0 rg BT 109.58 437.65 Td (a ) Tj ET Q q 0 0 0 rg BT 116.11 437.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 132.64 437.65 Td (and ) Tj ET Q q 0 0 0 rg BT 148.17 437.65 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 185.69 437.65 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 227.95 437.65 Td (we ) Tj ET Q q 0 0 0 rg BT 240.98 437.65 Td (sold ) Tj ET Q q 0 0 0 rg BT 258.52 437.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.06 437.65 Td (W) Tj ET Q q 0 0 0 rg BT 278.73 437.65 Td (est ) Tj ET Q q 0 0 0 rg BT 291.26 437.65 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.27 437.65 Td ( ) Tj ET Q q 0 0 0 rg BT 313.81 437.65 Td (to ) Tj ET Q q 0 0 0 rg BT 323.35 437.65 Td (Ship ) Tj ET Q q 0 0 0 rg BT 342.39 437.65 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 375.67 437.65 Td (and ) Tj ET Q q 0 0 0 rg BT 391.20 437.65 Td (the ) Tj ET Q q 0 0 0 rg BT 404.74 437.65 Td (rig ) Tj ET Q q 0 0 0 rg BT 417.27 437.65 Td (has ) Tj ET Q q 0 0 0 rg BT 431.81 437.65 Td (been ) Tj ET Q q 0 0 0 rg BT 451.33 437.65 Td (chartered ) Tj ET Q q 0 0 0 rg BT 487.35 437.65 Td (back ) Tj ET Q q 0 0 0 rg BT 506.87 437.65 Td (to ) Tj ET Q q 0 0 0 rg BT 516.41 437.65 Td (us ) Tj ET Q q 0 0 0 rg BT 526.95 437.65 Td (on ) Tj ET Q q 0 0 0 rg BT 538.49 437.65 Td (a ) Tj ET Q q 0 0 0 rg BT 545.02 437.65 Td (bareboat ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 426.85 Td (charter ) Tj ET Q q 0 0 0 rg BT 93.01 426.85 Td (for ) Tj ET Q q 0 0 0 rg BT 105.53 426.85 Td (a ) Tj ET Q q 0 0 0 rg BT 111.56 426.85 Td (period ) Tj ET Q q 0 0 0 rg BT 136.58 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 146.11 426.85 Td (15 ) Tj ET Q q 0 0 0 rg BT 157.14 426.85 Td (years ) Tj ET Q q 0 0 0 rg BT 178.16 426.85 Td (from ) Tj ET Q q 0 0 0 rg BT 197.68 426.85 Td (its ) Tj ET Q q 0 0 0 rg BT 208.22 426.85 Td (delivery ) Tj ET Q q 0 0 0 rg BT 239.73 426.85 Td (date ) Tj ET Q q 0 0 0 rg BT 256.75 426.85 Td (on ) Tj ET Q q 0 0 0 rg BT 267.78 426.85 Td (February ) Tj ET Q q 0 0 0 rg BT 302.30 426.85 Td (18, ) Tj ET Q q 0 0 0 rg BT 315.58 426.85 Td (2014. ) Tj ET Q q 0 0 0 rg BT 337.86 426.85 Td (In ) Tj ET Q q 0 0 0 rg BT 347.39 426.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 389.89 426.85 Td (with ) Tj ET Q q 0 0 0 rg BT 407.92 426.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 449.43 426.85 Td (principles ) Tj ET Q q 0 0 0 rg BT 486.95 426.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 522.46 426.85 Td (accepted ) Tj ET Q q 0 0 0 rg BT 555.97 426.85 Td (in ) Tj ET Q q 0 0 0 rg BT 565.00 426.85 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 416.05 Td (United ) Tj ET Q q 0 0 0 rg BT 93.53 416.05 Td (States, ) Tj ET Q q 0 0 0 rg BT 120.31 416.05 Td (or ) Tj ET Q q 0 0 0 rg BT 130.83 416.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 149.87 416.05 Td (GAAP) Tj ET Q q 0 0 0 rg BT 173.38 416.05 Td (, ) Tj ET Q q 0 0 0 rg BT 178.66 416.05 Td (we ) Tj ET Q q 0 0 0 rg BT 192.18 416.05 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 236.20 416.05 Td (SFL) Tj ET Q q 0 0 0 rg BT 251.38 416.05 Td ( ) Tj ET Q q 0 0 0 rg BT 254.41 416.05 Td (Linus ) Tj ET Q q 0 0 0 rg BT 277.94 416.05 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 297.97 416.05 Td (the ) Tj ET Q q 0 0 0 rg BT 312.00 416.05 Td (Ship ) Tj ET Q q 0 0 0 rg BT 331.53 416.05 Td (Finance ) Tj ET Q q 0 0 0 rg BT 363.05 416.05 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 403.08 416.05 Td (that ) Tj ET Q q 0 0 0 rg BT 419.61 416.05 Td (owns ) Tj ET Q q 0 0 0 rg BT 441.64 416.05 Td (the ) Tj ET Q q 0 0 0 rg BT 455.67 416.05 Td (rig, ) Tj ET Q q 0 0 0 rg BT 470.95 416.05 Td (in ) Tj ET Q q 0 0 0 rg BT 480.98 416.05 Td (our ) Tj ET Q q 0 0 0 rg BT 496.01 416.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 544.53 416.05 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 405.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 108.49 405.25 Td (See ) Tj ET Q q 0 0 0 rg BT 123.74 405.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 146.47 405.25 Td (7. ) Tj ET Q q 0 0 0 rg BT 155.47 405.25 Td (Major ) Tj ET Q q 0 0 0 rg BT 179.72 405.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 228.95 405.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.20 405.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 273.94 405.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 295.02 405.25 Td (T) Tj ET Q q 0 0 0 rg BT 300.20 405.25 Td (ransactionsB. ) Tj ET Q q 0 0 0 rg BT 360.19 405.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 389.93 405.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 411.01 405.25 Td (T) Tj ET Q q 0 0 0 rg BT 416.20 405.25 Td (ransactions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 377.65 Td (On ) Tj ET Q q 0 0 0 rg BT 49.38 377.65 Td (December ) Tj ET Q q 0 0 0 rg BT 88.73 377.65 Td (2, ) Tj ET Q q 0 0 0 rg BT 97.86 377.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 120.49 377.65 Td (the ) Tj ET Q q 0 0 0 rg BT 133.87 377.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.25 377.65 Td (signed ) Tj ET Q q 0 0 0 rg BT 197.13 377.65 Td (an ) Tj ET Q q 0 0 0 rg BT 208.00 377.65 Td (amendment ) Tj ET Q q 0 0 0 rg BT 252.36 377.65 Td (with ) Tj ET Q q 0 0 0 rg BT 270.75 377.65 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 297.62 377.65 Td (for ) Tj ET Q q 0 0 0 rg BT 310.50 377.65 Td (the ) Tj ET Q q 0 0 0 rg BT 323.87 377.65 Td (deferral ) Tj ET Q q 0 0 0 rg BT 354.23 377.65 Td (of ) Tj ET Q q 0 0 0 rg BT 364.11 377.65 Td (the ) Tj ET Q q 0 0 0 rg BT 377.48 377.65 Td (delivery ) Tj ET Q q 0 0 0 rg BT 409.35 377.65 Td (of ) Tj ET Q q 0 0 0 rg BT 419.23 377.65 Td (the ) Tj ET Q q 0 0 0 rg BT 432.60 377.65 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 498.47 377.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 527.35 377.65 Td (unit, ) Tj ET Q q 0 0 0 rg BT 545.98 377.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.35 377.65 Td (W) Tj ET Q q 0 0 0 rg BT 566.02 377.65 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 366.85 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.99 366.85 Td ( ) Tj ET Q q 0 0 0 rg BT 57.08 366.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 73.17 366.85 Td ("Unit"\). ) Tj ET Q q 0 0 0 rg BT 103.70 366.85 Td (The ) Tj ET Q q 0 0 0 rg BT 119.79 366.85 Td (deferral ) Tj ET Q q 0 0 0 rg BT 149.86 366.85 Td (period ) Tj ET Q q 0 0 0 rg BT 174.94 366.85 Td (lasts ) Tj ET Q q 0 0 0 rg BT 193.03 366.85 Td (until ) Tj ET Q q 0 0 0 rg BT 211.63 366.85 Td (June ) Tj ET Q q 0 0 0 rg BT 230.21 366.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 252.56 366.85 Td (following ) Tj ET Q q 0 0 0 rg BT 289.65 366.85 Td (completion ) Tj ET Q q 0 0 0 rg BT 332.23 366.85 Td (of ) Tj ET Q q 0 0 0 rg BT 341.82 366.85 Td (which, ) Tj ET Q q 0 0 0 rg BT 368.15 366.85 Td (the ) Tj ET Q q 0 0 0 rg BT 381.24 366.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 418.33 366.85 Td (and ) Tj ET Q q 0 0 0 rg BT 433.42 366.85 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 460.01 366.85 Td (have ) Tj ET Q q 0 0 0 rg BT 479.09 366.85 Td (agreed ) Tj ET Q q 0 0 0 rg BT 505.16 366.85 Td (to ) Tj ET Q q 0 0 0 rg BT 514.25 366.85 Td (form ) Tj ET Q q 0 0 0 rg BT 533.84 366.85 Td (a ) Tj ET Q q 0 0 0 rg BT 539.93 366.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 558.52 366.85 Td (asset ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.05 Td (holding ) Tj ET Q q 0 0 0 rg BT 65.56 356.05 Td (company ) Tj ET Q q 0 0 0 rg BT 100.61 356.05 Td (for ) Tj ET Q q 0 0 0 rg BT 113.17 356.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 131.73 356.05 Td (ownership ) Tj ET Q q 0 0 0 rg BT 171.28 356.05 Td (of ) Tj ET Q q 0 0 0 rg BT 180.84 356.05 Td (the ) Tj ET Q q 0 0 0 rg BT 193.89 356.05 Td (Unit, ) Tj ET Q q 0 0 0 rg BT 214.20 356.05 Td (to ) Tj ET Q q 0 0 0 rg BT 223.26 356.05 Td (be ) Tj ET Q q 0 0 0 rg BT 233.82 356.05 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.87 356.05 Td (23%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.37 356.05 Td ( ) Tj ET Q q 0 0 0 rg BT 278.43 356.05 Td (by ) Tj ET Q q 0 0 0 rg BT 289.49 356.05 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 356.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.60 356.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.66 356.05 Td (77%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.16 356.05 Td ( ) Tj ET Q q 0 0 0 rg BT 373.22 356.05 Td (by ) Tj ET Q q 0 0 0 rg BT 384.28 356.05 Td (Jurong, ) Tj ET Q q 0 0 0 rg BT 413.08 356.05 Td (in ) Tj ET Q q 0 0 0 rg BT 422.15 356.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.20 356.05 Td (event ) Tj ET Q q 0 0 0 rg BT 456.75 356.05 Td (no ) Tj ET Q q 0 0 0 rg BT 467.81 356.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 514.86 356.05 Td (is ) Tj ET Q q 0 0 0 rg BT 522.92 356.05 Td (secured ) Tj ET Q q 0 0 0 rg BT 552.47 356.05 Td (for ) Tj ET Q q 0 0 0 rg BT 565.02 356.05 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 345.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 54.39 345.25 Td (and ) Tj ET Q q 0 0 0 rg BT 69.77 345.25 Td (no ) Tj ET Q q 0 0 0 rg BT 81.16 345.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 121.52 345.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 163.39 345.25 Td (is ) Tj ET Q q 0 0 0 rg BT 171.78 345.25 Td (completed. ) Tj ET Q q 0 0 0 rg BT 213.91 345.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.29 345.25 Td (Until ) Tj ET Q q 0 0 0 rg BT 237.18 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.56 345.25 Td (end ) Tj ET Q q 0 0 0 rg BT 265.95 345.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.83 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.21 345.25 Td (deferral ) Tj ET Q q 0 0 0 rg BT 319.58 345.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 347.20 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.59 345.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 397.97 345.25 Td (will ) Tj ET Q q 0 0 0 rg BT 414.36 345.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 447.74 345.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.13 345.25 Td (market ) Tj ET Q q 0 0 0 rg BT 484.50 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.88 345.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 514.27 345.25 Td (for ) Tj ET Q q 0 0 0 rg BT 527.15 345.25 Td (an ) Tj ET Q q 0 0 0 rg BT 538.03 345.25 Td (acceptable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 334.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 63.76 334.45 Td (contract, ) Tj ET Q q 0 0 0 rg BT 96.25 334.45 Td (and ) Tj ET Q q 0 0 0 rg BT 110.51 334.45 Td (the ) Tj ET Q q 0 0 0 rg BT 122.76 334.45 Td (Unit ) Tj ET Q q 0 0 0 rg BT 140.02 334.45 Td (will ) Tj ET Q q 0 0 0 rg BT 155.28 334.45 Td (remain ) Tj ET Q q 0 0 0 rg BT 181.53 334.45 Td (at ) Tj ET Q q 0 0 0 rg BT 189.29 334.45 Td (the ) Tj ET Q q 0 0 0 rg BT 201.54 334.45 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 227.30 334.45 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 261.06 334.45 Td (in ) Tj ET Q q 0 0 0 rg BT 269.32 334.45 Td (Singapore. ) Tj ET Q q 0 0 0 rg BT 309.23 334.45 Td (The ) Tj ET Q q 0 0 0 rg BT 324.48 334.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.74 334.45 Td (and ) Tj ET Q q 0 0 0 rg BT 375.00 334.45 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 400.76 334.45 Td (may ) Tj ET Q q 0 0 0 rg BT 417.51 334.45 Td (also ) Tj ET Q q 0 0 0 rg BT 433.27 334.45 Td (consider ) Tj ET Q q 0 0 0 rg BT 465.02 334.45 Td (other ) Tj ET Q q 0 0 0 rg BT 484.77 334.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 528.51 334.45 Td (opportunities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.65 Td (for ) Tj ET Q q 0 0 0 rg BT 48.94 323.65 Td (the ) Tj ET Q q 0 0 0 rg BT 62.38 323.65 Td (Unit ) Tj ET Q q 0 0 0 rg BT 80.83 323.65 Td (during ) Tj ET Q q 0 0 0 rg BT 106.77 323.65 Td (this ) Tj ET Q q 0 0 0 rg BT 122.22 323.65 Td (period. ) Tj ET Q q 0 0 0 rg BT 149.91 323.65 Td (However) Tj ET Q q 0 0 0 rg BT 182.53 323.65 Td (, ) Tj ET Q q 0 0 0 rg BT 187.23 323.65 Td (based ) Tj ET Q q 0 0 0 rg BT 210.17 323.65 Td (on ) Tj ET Q q 0 0 0 rg BT 221.61 323.65 Td (current ) Tj ET Q q 0 0 0 rg BT 249.54 323.65 Td (market ) Tj ET Q q 0 0 0 rg BT 276.97 323.65 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 319.17 323.65 Td (management ) Tj ET Q q 0 0 0 rg BT 367.59 323.65 Td (deems ) Tj ET Q q 0 0 0 rg BT 393.03 323.65 Td (the ) Tj ET Q q 0 0 0 rg BT 406.47 323.65 Td (most ) Tj ET Q q 0 0 0 rg BT 426.42 323.65 Td (probable ) Tj ET Q q 0 0 0 rg BT 460.36 323.65 Td (outcome ) Tj ET Q q 0 0 0 rg BT 493.79 323.65 Td (to ) Tj ET Q q 0 0 0 rg BT 503.24 323.65 Td (be ) Tj ET Q q 0 0 0 rg BT 514.18 323.65 Td (that ) Tj ET Q q 0 0 0 rg BT 530.12 323.65 Td (the ) Tj ET Q q 0 0 0 rg BT 543.56 323.65 Td (Unit ) Tj ET Q q 0 0 0 rg BT 562.01 323.65 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 312.85 Td (be ) Tj ET Q q 0 0 0 rg BT 46.83 312.85 Td (contributed ) Tj ET Q q 0 0 0 rg BT 90.15 312.85 Td (to ) Tj ET Q q 0 0 0 rg BT 99.49 312.85 Td (the ) Tj ET Q q 0 0 0 rg BT 112.82 312.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 131.66 312.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 151.49 312.85 Td (holding ) Tj ET Q q 0 0 0 rg BT 181.33 312.85 Td (company) Tj ET Q q 0 0 0 rg BT 213.73 312.85 Td (. ) Tj ET Q q 0 0 0 rg BT 218.32 312.85 Td ( ) Tj ET Q q 0 0 0 rg BT 220.14 312.85 Td (As ) Tj ET Q q 0 0 0 rg BT 232.48 312.85 Td (a ) Tj ET Q q 0 0 0 rg BT 238.81 312.85 Td (result ) Tj ET Q q 0 0 0 rg BT 261.14 312.85 Td (of ) Tj ET Q q 0 0 0 rg BT 270.97 312.85 Td (the ) Tj ET Q q 0 0 0 rg BT 284.30 312.85 Td (above, ) Tj ET Q q 0 0 0 rg BT 310.38 312.85 Td (the ) Tj ET Q q 0 0 0 rg BT 323.71 312.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 361.04 312.85 Td (has ) Tj ET Q q 0 0 0 rg BT 375.38 312.85 Td (concluded ) Tj ET Q q 0 0 0 rg BT 414.70 312.85 Td (that ) Tj ET Q q 0 0 0 rg BT 430.53 312.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.86 312.85 Td (W) Tj ET Q q 0 0 0 rg BT 450.53 312.85 Td (est ) Tj ET Q q 0 0 0 rg BT 462.86 312.85 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.86 312.85 Td ( ) Tj ET Q q 0 0 0 rg BT 484.19 312.85 Td (should ) Tj ET Q q 0 0 0 rg BT 510.53 312.85 Td (be ) Tj ET Q q 0 0 0 rg BT 521.36 312.85 Td (classified ) Tj ET Q q 0 0 0 rg BT 557.68 312.85 Td (as ) Tj ET Q q 0 0 0 rg BT 567.52 312.85 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 302.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 55.73 302.05 Td (held ) Tj ET Q q 0 0 0 rg BT 73.46 302.05 Td (for ) Tj ET Q q 0 0 0 rg BT 86.19 302.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 102.42 302.05 Td (as ) Tj ET Q q 0 0 0 rg BT 112.15 302.05 Td (at ) Tj ET Q q 0 0 0 rg BT 120.88 302.05 Td (December ) Tj ET Q q 0 0 0 rg BT 160.09 302.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 173.58 302.05 Td (2015. ) Tj ET Q q 0 0 0 rg BT 196.07 302.05 Td (Please ) Tj ET Q q 0 0 0 rg BT 221.29 302.05 Td (see ) Tj ET Q q 0 0 0 rg BT 235.02 302.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.02 302.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 258.75 302.05 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.75 302.05 Td (Asset ) Tj ET Q q 0 0 0 rg BT 294.48 302.05 Td (held ) Tj ET Q q 0 0 0 rg BT 312.21 302.05 Td (for ) Tj ET Q q 0 0 0 rg BT 324.94 302.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 345.17 302.05 Td (of ) Tj ET Q q 0 0 0 rg BT 354.90 302.05 Td (the ) Tj ET Q q 0 0 0 rg BT 368.13 302.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 391.36 302.05 Td (to ) Tj ET Q q 0 0 0 rg BT 400.60 302.05 Td (the ) Tj ET Q q 0 0 0 rg BT 413.83 302.05 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 463.56 302.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 499.29 302.05 Td (Statements ) Tj ET Q q 0 0 0 rg BT 541.02 302.05 Td (contained ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 291.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 60.74 291.25 Td (for ) Tj ET Q q 0 0 0 rg BT 73.48 291.25 Td (further ) Tj ET Q q 0 0 0 rg BT 100.22 291.25 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 262.45 Td (ITEM 4A. ) Tj ET Q q 0 0 0 rg BT 108.00 262.45 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 155.43 262.45 Td (VED ST) Tj ET Q q 0 0 0 rg BT 190.53 262.45 Td (AFF) Tj ET Q q 0 0 0 rg BT 209.60 262.45 Td ( COMMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.65 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 248.65 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 219.85 Td (ITEM 5. ) Tj ET Q q 0 0 0 rg BT 108.00 219.85 Td (OPERA) Tj ET Q q 0 0 0 rg BT 142.26 219.85 Td (TING ) Tj ET Q q 0 0 0 rg BT 169.77 219.85 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 250.05 219.85 Td ( REVIEW) Tj ET Q q 0 0 0 rg BT 294.04 219.85 Td ( ) Tj ET Q q 0 0 0 rg BT 295.99 219.85 Td (AND PROSPECTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 191.05 Td (Overview) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 177.25 Td (The ) Tj ET Q q 0 0 0 rg BT 52.00 177.25 Td (following ) Tj ET Q q 0 0 0 rg BT 89.00 177.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 134.99 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.50 177.25 Td (management) Tj ET Q q 0 0 0 rg BT 192.98 177.25 Td (s ) Tj ET Q q 0 0 0 rg BT 198.49 177.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 238.00 177.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.00 177.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 284.00 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.50 177.25 Td (results ) Tj ET Q q 0 0 0 rg BT 319.01 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.51 177.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 368.01 177.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.01 177.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.50 177.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 452.50 177.25 Td (should ) Tj ET Q q 0 0 0 rg BT 478.51 177.25 Td (be ) Tj ET Q q 0 0 0 rg BT 489.01 177.25 Td (read ) Tj ET Q q 0 0 0 rg BT 506.50 177.25 Td (in ) Tj ET Q q 0 0 0 rg BT 515.51 177.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 560.00 177.25 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 166.45 Td (our ) Tj ET Q q 0 0 0 rg BT 50.13 166.45 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 99.75 166.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 135.38 166.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 177.00 166.45 Td (and ) Tj ET Q q 0 0 0 rg BT 192.12 166.45 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 246.73 166.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 269.86 166.45 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 299.23 166.45 Td (included ) Tj ET Q q 0 0 0 rg BT 332.35 166.45 Td (herein. ) Tj ET Q q 0 0 0 rg BT 358.90 166.45 Td (Y) Tj ET Q q 0 0 0 rg BT 364.50 166.45 Td (ou ) Tj ET Q q 0 0 0 rg BT 375.63 166.45 Td (should ) Tj ET Q q 0 0 0 rg BT 401.76 166.45 Td (also ) Tj ET Q q 0 0 0 rg BT 418.39 166.45 Td (carefully ) Tj ET Q q 0 0 0 rg BT 452.50 166.45 Td (read ) Tj ET Q q 0 0 0 rg BT 470.12 166.45 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 166.45 Td (following ) Tj ET Q q 0 0 0 rg BT 520.37 166.45 Td (discussion ) Tj ET Q q 0 0 0 rg BT 560.00 166.45 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 155.65 Td (the ) Tj ET Q q 0 0 0 rg BT 49.11 155.65 Td (sections ) Tj ET Q q 0 0 0 rg BT 80.22 155.65 Td (of ) Tj ET Q q 0 0 0 rg BT 89.84 155.65 Td (this ) Tj ET Q q 0 0 0 rg BT 104.49 155.65 Td (Annual ) Tj ET Q q 0 0 0 rg BT 133.10 155.65 Td (Report ) Tj ET Q q 0 0 0 rg BT 159.71 155.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 188.82 155.65 Td (Cautionary ) Tj ET Q q 0 0 0 rg BT 234.92 155.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 276.53 155.65 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 316.13 155.65 Td (Foreward-Looking ) Tj ET Q q 0 0 0 rg BT 386.23 155.65 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 434.09 155.65 Td (Item ) Tj ET Q q 0 0 0 rg BT 456.69 155.65 Td (3. ) Tj ET Q q 0 0 0 rg BT 465.56 155.65 Td (Key ) Tj ET Q q 0 0 0 rg BT 482.67 155.65 Td (InformationA. ) Tj ET Q q 0 0 0 rg BT 545.52 155.65 Td (Selected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 144.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 71.66 144.85 Td (Data, ) Tj ET Q q 0 0 0 rg BT 97.06 144.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 119.71 144.85 Td (3. ) Tj ET Q q 0 0 0 rg BT 128.63 144.85 Td (Key ) Tj ET Q q 0 0 0 rg BT 145.79 144.85 Td (InformationD. ) Tj ET Q q 0 0 0 rg BT 208.69 144.85 Td (Risk ) Tj ET Q q 0 0 0 rg BT 227.36 144.85 Td (Factors ) Tj ET Q q 0 0 0 rg BT 260.02 144.85 Td (and ) Tj ET Q q 0 0 0 rg BT 275.18 144.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 297.83 144.85 Td (4. ) Tj ET Q q 0 0 0 rg BT 306.75 144.85 Td (Information ) Tj ET Q q 0 0 0 rg BT 351.91 144.85 Td (on ) Tj ET Q q 0 0 0 rg BT 363.07 144.85 Td (the ) Tj ET Q q 0 0 0 rg BT 376.23 144.85 Td (Company) Tj ET Q q 0 0 0 rg BT 410.65 144.85 Td (. ) Tj ET Q q 0 0 0 rg BT 419.06 144.85 Td ( ) Tj ET Q q 0 0 0 rg BT 421.22 144.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 437.39 144.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 485.04 144.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 518.69 144.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 558.85 144.85 Td (as ) Tj ET Q q 0 0 0 rg BT 568.51 144.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 134.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 88.43 134.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.43 134.05 Td ( ) Tj ET Q q 0 0 0 rg BT 108.38 134.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.33 134.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.33 134.05 Td ( ) Tj ET Q q 0 0 0 rg BT 143.28 134.05 Td (and ) Tj ET Q q 0 0 0 rg BT 158.23 134.05 Td (for ) Tj ET Q q 0 0 0 rg BT 170.67 134.05 Td (the ) Tj ET Q q 0 0 0 rg BT 183.62 134.05 Td (years ) Tj ET Q q 0 0 0 rg BT 204.56 134.05 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.00 134.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 280.43 134.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.43 134.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.63 134.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.63 134.05 Td ( ) Tj ET Q q 0 0 0 rg BT 322.58 134.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.53 134.05 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.53 134.05 Td (, ) Tj ET Q q 0 0 0 rg BT 359.73 134.05 Td (included ) Tj ET Q q 0 0 0 rg BT 392.67 134.05 Td (herein, ) Tj ET Q q 0 0 0 rg BT 419.36 134.05 Td (have ) Tj ET Q q 0 0 0 rg BT 438.31 134.05 Td (been ) Tj ET Q q 0 0 0 rg BT 457.25 134.05 Td (prepared ) Tj ET Q q 0 0 0 rg BT 490.68 134.05 Td (in ) Tj ET Q q 0 0 0 rg BT 499.63 134.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 542.05 134.05 Td (with ) Tj ET Q q 0 0 0 rg BT 560.00 134.05 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 123.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 60.17 123.25 Td ( ) Tj ET Q q 0 0 0 rg BT 62.42 123.25 Td (and ) Tj ET Q q 0 0 0 rg BT 77.66 123.25 Td (are ) Tj ET Q q 0 0 0 rg BT 90.90 123.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 127.63 123.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.89 123.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 155.14 123.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 181.89 123.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 206.64 123.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 243.87 123.25 Td (indicated. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 94.45 Td (Our) Tj ET Q q 0 0 0 rg BT 53.60 94.45 Td ( Fleet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 80.65 Td (For ) Tj ET Q q 0 0 0 rg BT 50.42 80.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 76.82 80.65 Td (information ) Tj ET Q q 0 0 0 rg BT 121.23 80.65 Td (regarding ) Tj ET Q q 0 0 0 rg BT 157.64 80.65 Td (our ) Tj ET Q q 0 0 0 rg BT 171.55 80.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.97 80.65 Td (units, ) Tj ET Q q 0 0 0 rg BT 221.64 80.65 Td (please ) Tj ET Q q 0 0 0 rg BT 246.05 80.65 Td (see ) Tj ET Q q 0 0 0 rg BT 259.46 80.65 Td (Item ) Tj ET Q q 0 0 0 rg BT 281.87 80.65 Td (4. ) Tj ET Q q 0 0 0 rg BT 290.54 80.65 Td (Information ) Tj ET Q q 0 0 0 rg BT 335.44 80.65 Td (on ) Tj ET Q q 0 0 0 rg BT 346.36 80.65 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 80.65 Td (CompanyD. ) Tj ET Q q 0 0 0 rg BT 413.95 80.65 Td (Property) Tj ET Q q 0 0 0 rg BT 444.36 80.65 Td (, ) Tj ET Q q 0 0 0 rg BT 448.53 80.65 Td (Plants ) Tj ET Q q 0 0 0 rg BT 472.45 80.65 Td (and ) Tj ET Q q 0 0 0 rg BT 487.36 80.65 Td (EquipmentOur ) Tj ET Q q 0 0 0 rg BT 551.77 80.65 Td (Fleet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 51.85 Td (Factors ) Tj ET Q q 0 0 0 rg BT 70.16 51.85 Td (Affecting our) Tj ET Q q 0 0 0 rg BT 126.90 51.85 Td ( Results of Operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 38.05 Td (The ) Tj ET Q q 0 0 0 rg BT 51.82 38.05 Td (principal ) Tj ET Q q 0 0 0 rg BT 85.64 38.05 Td (factors ) Tj ET Q q 0 0 0 rg BT 111.95 38.05 Td (which ) Tj ET Q q 0 0 0 rg BT 135.77 38.05 Td (we ) Tj ET Q q 0 0 0 rg BT 148.10 38.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 175.91 38.05 Td (have ) Tj ET Q q 0 0 0 rg BT 194.73 38.05 Td (af) Tj ET Q q 0 0 0 rg BT 201.56 38.05 Td (fected ) Tj ET Q q 0 0 0 rg BT 225.36 38.05 Td (our ) Tj ET Q q 0 0 0 rg BT 239.19 38.05 Td (results ) Tj ET Q q 0 0 0 rg BT 264.52 38.05 Td (and ) Tj ET Q q 0 0 0 rg BT 279.34 38.05 Td (are ) Tj ET Q q 0 0 0 rg BT 292.15 38.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 325.96 38.05 Td (to ) Tj ET Q q 0 0 0 rg BT 334.79 38.05 Td (af) Tj ET Q q 0 0 0 rg BT 341.62 38.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 356.93 38.05 Td (our ) Tj ET Q q 0 0 0 rg BT 370.76 38.05 Td (future ) Tj ET Q q 0 0 0 rg BT 394.08 38.05 Td (results ) Tj ET Q q 0 0 0 rg BT 419.40 38.05 Td (of ) Tj ET Q q 0 0 0 rg BT 428.73 38.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 468.04 38.05 Td (and ) Tj ET Q q 0 0 0 rg BT 482.87 38.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 516.18 38.05 Td (position ) Tj ET Q q 0 0 0 rg BT 547.01 38.05 Td (include:) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 749.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 85.27 749.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 109.54 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 117.81 749.80 Td (successfully ) Tj ET Q q 0 0 0 rg BT 163.07 749.80 Td (employ ) Tj ET Q q 0 0 0 rg BT 191.34 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 204.61 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 232.38 749.80 Td (units ) Tj ET Q q 0 0 0 rg BT 251.16 749.80 Td (at ) Tj ET Q q 0 0 0 rg BT 258.93 749.80 Td (economically ) Tj ET Q q 0 0 0 rg BT 308.68 749.80 Td (attractive ) Tj ET Q q 0 0 0 rg BT 343.43 749.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 374.69 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 383.45 749.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 420.22 749.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 453.97 749.80 Td (expire ) Tj ET Q q 0 0 0 rg BT 477.73 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 486.50 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 498.76 749.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 535.02 749.80 Td (terminated;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 736.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 736.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 110.49 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 119.74 736.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 153.48 736.00 Td (good ) Tj ET Q q 0 0 0 rg BT 173.73 736.00 Td (relationships ) Tj ET Q q 0 0 0 rg BT 221.98 736.00 Td (with ) Tj ET Q q 0 0 0 rg BT 240.23 736.00 Td (our ) Tj ET Q q 0 0 0 rg BT 254.47 736.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 285.22 736.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 323.96 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 339.21 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 348.46 736.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 380.19 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 393.43 736.00 Td (number ) Tj ET Q q 0 0 0 rg BT 423.18 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.92 736.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 468.16 736.00 Td (relationships;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 722.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 722.20 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 722.20 Td (number ) Tj ET Q q 0 0 0 rg BT 114.99 722.20 Td (and ) Tj ET Q q 0 0 0 rg BT 130.23 722.20 Td (availability ) Tj ET Q q 0 0 0 rg BT 172.97 722.20 Td (of ) Tj ET Q q 0 0 0 rg BT 182.72 722.20 Td (our ) Tj ET Q q 0 0 0 rg BT 196.96 722.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 225.71 722.20 Td (units, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 708.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 116.74 708.40 Td (and ) Tj ET Q q 0 0 0 rg BT 131.99 708.40 Td (current ) Tj ET Q q 0 0 0 rg BT 159.72 708.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 187.95 708.40 Td (in ) Tj ET Q q 0 0 0 rg BT 197.20 708.40 Td (the ) Tj ET Q q 0 0 0 rg BT 210.45 708.40 Td (price ) Tj ET Q q 0 0 0 rg BT 230.69 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 240.43 708.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 252.18 708.40 Td (and ) Tj ET Q q 0 0 0 rg BT 267.43 708.40 Td (gas, ) Tj ET Q q 0 0 0 rg BT 283.93 708.40 Td (which ) Tj ET Q q 0 0 0 rg BT 308.17 708.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 343.90 708.40 Td (the ) Tj ET Q q 0 0 0 rg BT 357.15 708.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 387.89 708.40 Td (for ) Tj ET Q q 0 0 0 rg BT 400.63 708.40 Td (of) Tj ET Q q 0 0 0 rg BT 407.97 708.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 432.71 708.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 461.46 708.40 Td (services;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 694.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 694.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 694.60 Td (ef) Tj ET Q q 0 0 0 rg BT 92.07 694.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 118.81 694.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.05 694.60 Td (ef) Tj ET Q q 0 0 0 rg BT 140.88 694.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 166.12 694.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 200.85 694.60 Td (management ) Tj ET Q q 0 0 0 rg BT 249.08 694.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.82 694.60 Td (our ) Tj ET Q q 0 0 0 rg BT 273.07 694.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 301.82 694.60 Td (units;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 680.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 680.80 Td (our ) Tj ET Q q 0 0 0 rg BT 86.38 680.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 111.76 680.80 Td (to ) Tj ET Q q 0 0 0 rg BT 121.14 680.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 146.01 680.80 Td (and ) Tj ET Q q 0 0 0 rg BT 161.39 680.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 195.26 680.80 Td (major ) Tj ET Q q 0 0 0 rg BT 218.63 680.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.52 680.80 Td (and ) Tj ET Q q 0 0 0 rg BT 245.89 680.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 260.27 680.80 Td (company ) Tj ET Q q 0 0 0 rg BT 295.64 680.80 Td (approvals ) Tj ET Q q 0 0 0 rg BT 333.01 680.80 Td (and ) Tj ET Q q 0 0 0 rg BT 348.39 680.80 Td (to ) Tj ET Q q 0 0 0 rg BT 357.77 680.80 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 383.65 680.80 Td (their ) Tj ET Q q 0 0 0 rg BT 402.52 680.80 Td (quality) Tj ET Q q 0 0 0 rg BT 426.93 680.80 Td (, ) Tj ET Q q 0 0 0 rg BT 431.56 680.80 Td (technical, ) Tj ET Q q 0 0 0 rg BT 468.67 680.80 Td (health, ) Tj ET Q q 0 0 0 rg BT 495.29 680.80 Td (safety ) Tj ET Q q 0 0 0 rg BT 519.16 680.80 Td (and ) Tj ET Q q 0 0 0 rg BT 534.54 680.80 Td (compliance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 670.00 Td (standards;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 656.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 656.20 Td (economic, ) Tj ET Q q 0 0 0 rg BT 111.48 656.20 Td (regulatory) Tj ET Q q 0 0 0 rg BT 147.88 656.20 Td (, ) Tj ET Q q 0 0 0 rg BT 152.38 656.20 Td (political ) Tj ET Q q 0 0 0 rg BT 184.13 656.20 Td (and ) Tj ET Q q 0 0 0 rg BT 199.37 656.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 251.10 656.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 290.85 656.20 Td (that ) Tj ET Q q 0 0 0 rg BT 306.60 656.20 Td (af) Tj ET Q q 0 0 0 rg BT 313.43 656.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 329.16 656.20 Td (the ) Tj ET Q q 0 0 0 rg BT 342.41 656.20 Td (of) Tj ET Q q 0 0 0 rg BT 349.74 656.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 374.48 656.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 403.23 656.20 Td (industry;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 642.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 642.40 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 109.98 642.40 Td (natural ) Tj ET Q q 0 0 0 rg BT 137.22 642.40 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 172.71 642.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 202.45 642.40 Td (weather) Tj ET Q q 0 0 0 rg BT 230.57 642.40 Td (, ) Tj ET Q q 0 0 0 rg BT 235.07 642.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 275.31 642.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 301.04 642.40 Td (or ) Tj ET Q q 0 0 0 rg BT 310.79 642.40 Td (other ) Tj ET Q q 0 0 0 rg BT 331.53 642.40 Td (events ) Tj ET Q q 0 0 0 rg BT 356.77 642.40 Td (outside ) Tj ET Q q 0 0 0 rg BT 385.02 642.40 Td (of ) Tj ET Q q 0 0 0 rg BT 394.77 642.40 Td (its ) Tj ET Q q 0 0 0 rg BT 405.52 642.40 Td (control ) Tj ET Q q 0 0 0 rg BT 433.27 642.40 Td (that ) Tj ET Q q 0 0 0 rg BT 449.01 642.40 Td (may ) Tj ET Q q 0 0 0 rg BT 466.76 642.40 Td (result ) Tj ET Q q 0 0 0 rg BT 489.00 642.40 Td (in ) Tj ET Q q 0 0 0 rg BT 498.25 642.40 Td (downtime;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 628.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 628.60 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 130.72 628.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 161.96 628.60 Td (in ) Tj ET Q q 0 0 0 rg BT 171.21 628.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 199.95 628.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 215.69 628.60 Td (swaps;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 614.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 614.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 100.24 614.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 133.97 614.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 170.20 614.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 191.44 614.80 Td (and ) Tj ET Q q 0 0 0 rg BT 206.69 614.80 Td (losses;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 601.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 601.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 107.23 601.00 Td (in ) Tj ET Q q 0 0 0 rg BT 116.48 601.00 Td (crewing ) Tj ET Q q 0 0 0 rg BT 147.72 601.00 Td (and ) Tj ET Q q 0 0 0 rg BT 162.96 601.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 199.70 601.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.95 601.00 Td (and ) Tj ET Q q 0 0 0 rg BT 235.19 601.00 Td (other ) Tj ET Q q 0 0 0 rg BT 255.93 601.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 292.17 601.00 Td (costs;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 587.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 587.20 Td (the ) Tj ET Q q 0 0 0 rg BT 85.71 587.20 Td (level ) Tj ET Q q 0 0 0 rg BT 105.92 587.20 Td (of ) Tj ET Q q 0 0 0 rg BT 116.14 587.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 134.35 587.20 Td (and ) Tj ET Q q 0 0 0 rg BT 150.06 587.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.78 587.20 Td (related ) Tj ET Q q 0 0 0 rg BT 190.98 587.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.19 587.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 251.89 587.20 Td (and ) Tj ET Q q 0 0 0 rg BT 267.60 587.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 315.80 587.20 Td (of ) Tj ET Q q 0 0 0 rg BT 326.02 587.20 Td (principal;the ) Tj ET Q q 0 0 0 rg BT 374.22 587.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 418.43 587.20 Td (of ) Tj ET Q q 0 0 0 rg BT 428.64 587.20 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 465.61 587.20 Td (investments, ) Tj ET Q q 0 0 0 rg BT 513.58 587.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 542.79 587.20 Td (units ) Tj ET Q q 0 0 0 rg BT 563.02 587.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 576.40 Td (other ) Tj ET Q q 0 0 0 rg BT 92.74 576.40 Td (assets;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 562.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 562.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 93.25 562.60 Td (on ) Tj ET Q q 0 0 0 rg BT 104.50 562.60 Td (disposals ) Tj ET Q q 0 0 0 rg BT 139.75 562.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.50 562.60 Td (assets;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 548.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 548.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 100.74 548.80 Td (and ) Tj ET Q q 0 0 0 rg BT 115.98 548.80 Td (other ) Tj ET Q q 0 0 0 rg BT 136.73 548.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.46 548.80 Td (items;and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 535.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 535.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 85.25 535.00 Td (expenses.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 507.40 Td (Please ) Tj ET Q q 0 0 0 rg BT 61.24 507.40 Td (see ) Tj ET Q q 0 0 0 rg BT 74.98 507.40 Td (IItem ) Tj ET Q q 0 0 0 rg BT 100.72 507.40 Td (3. ) Tj ET Q q 0 0 0 rg BT 109.72 507.40 Td (Key ) Tj ET Q q 0 0 0 rg BT 126.96 507.40 Td (InformationD. ) Tj ET Q q 0 0 0 rg BT 189.95 507.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 208.71 507.40 Td (Factors ) Tj ET Q q 0 0 0 rg BT 241.44 507.40 Td (for ) Tj ET Q q 0 0 0 rg BT 254.19 507.40 Td (a ) Tj ET Q q 0 0 0 rg BT 260.43 507.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 300.19 507.40 Td (of ) Tj ET Q q 0 0 0 rg BT 309.93 507.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 336.67 507.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 355.92 507.40 Td (inherent ) Tj ET Q q 0 0 0 rg BT 387.65 507.40 Td (in ) Tj ET Q q 0 0 0 rg BT 396.91 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 410.15 507.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 452.52 507.40 Td (business.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 479.80 Td (Important ) Tj ET Q q 0 0 0 rg BT 78.25 479.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 116.34 479.80 Td (T) Tj ET Q q 0 0 0 rg BT 121.52 479.80 Td (erms ) Tj ET Q q 0 0 0 rg BT 142.76 479.80 Td (and ) Tj ET Q q 0 0 0 rg BT 159.52 479.80 Td (Concepts) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 452.20 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 438.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.63 438.40 Td (general, ) Tj ET Q q 0 0 0 rg BT 76.48 438.40 Td (each ) Tj ET Q q 0 0 0 rg BT 95.10 438.40 Td (of ) Tj ET Q q 0 0 0 rg BT 104.72 438.40 Td (our ) Tj ET Q q 0 0 0 rg BT 118.85 438.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 147.47 438.40 Td (units ) Tj ET Q q 0 0 0 rg BT 167.10 438.40 Td (is ) Tj ET Q q 0 0 0 rg BT 175.24 438.40 Td (contracted ) Tj ET Q q 0 0 0 rg BT 214.84 438.40 Td (for ) Tj ET Q q 0 0 0 rg BT 227.46 438.40 Td (a ) Tj ET Q q 0 0 0 rg BT 233.58 438.40 Td (period ) Tj ET Q q 0 0 0 rg BT 258.70 438.40 Td (of ) Tj ET Q q 0 0 0 rg BT 268.33 438.40 Td (time ) Tj ET Q q 0 0 0 rg BT 286.45 438.40 Td (to ) Tj ET Q q 0 0 0 rg BT 295.58 438.40 Td (an ) Tj ET Q q 0 0 0 rg BT 306.20 438.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 317.83 438.40 Td (and ) Tj ET Q q 0 0 0 rg BT 332.96 438.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.08 438.40 Td (company ) Tj ET Q q 0 0 0 rg BT 382.20 438.40 Td (to ) Tj ET Q q 0 0 0 rg BT 391.33 438.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 420.95 438.40 Td (of) Tj ET Q q 0 0 0 rg BT 428.28 438.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 452.90 438.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 481.53 438.40 Td (services ) Tj ET Q q 0 0 0 rg BT 512.64 438.40 Td (at ) Tj ET Q q 0 0 0 rg BT 521.27 438.40 Td (an ) Tj ET Q q 0 0 0 rg BT 531.89 438.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 558.00 438.40 Td (daily ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 427.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 53.67 427.60 Td (A) Tj ET Q q 0 0 0 rg BT 59.67 427.60 Td ( ) Tj ET Q q 0 0 0 rg BT 62.15 427.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 78.64 427.60 Td (will ) Tj ET Q q 0 0 0 rg BT 95.12 427.60 Td (be ) Tj ET Q q 0 0 0 rg BT 106.09 427.60 Td (stacked ) Tj ET Q q 0 0 0 rg BT 135.56 427.60 Td (if ) Tj ET Q q 0 0 0 rg BT 143.54 427.60 Td (it ) Tj ET Q q 0 0 0 rg BT 151.02 427.60 Td (has ) Tj ET Q q 0 0 0 rg BT 165.50 427.60 Td (no ) Tj ET Q q 0 0 0 rg BT 176.98 427.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 208.44 427.60 Td (in ) Tj ET Q q 0 0 0 rg BT 217.92 427.60 Td (place. ) Tj ET Q q 0 0 0 rg BT 241.64 427.60 Td (Dayrates ) Tj ET Q q 0 0 0 rg BT 276.10 427.60 Td (are ) Tj ET Q q 0 0 0 rg BT 289.57 427.60 Td (volatile ) Tj ET Q q 0 0 0 rg BT 319.04 427.60 Td (and ) Tj ET Q q 0 0 0 rg BT 334.52 427.60 Td (can ) Tj ET Q q 0 0 0 rg BT 349.49 427.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 367.96 427.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 407.93 427.60 Td (on ) Tj ET Q q 0 0 0 rg BT 419.41 427.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.89 427.60 Td (type ) Tj ET Q q 0 0 0 rg BT 450.87 427.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.84 427.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 489.82 427.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 506.31 427.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.78 427.60 Td (its ) Tj ET Q q 0 0 0 rg BT 532.77 427.60 Td (capabilities, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 416.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 72.06 416.80 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 108.87 416.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 129.43 416.80 Td (and ) Tj ET Q q 0 0 0 rg BT 144.49 416.80 Td (other ) Tj ET Q q 0 0 0 rg BT 165.05 416.80 Td (factors. ) Tj ET Q q 0 0 0 rg BT 193.40 416.80 Td (An ) Tj ET Q q 0 0 0 rg BT 206.47 416.80 Td (important ) Tj ET Q q 0 0 0 rg BT 243.54 416.80 Td (factor ) Tj ET Q q 0 0 0 rg BT 266.59 416.80 Td (in ) Tj ET Q q 0 0 0 rg BT 275.66 416.80 Td (determining ) Tj ET Q q 0 0 0 rg BT 321.22 416.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.28 416.80 Td (level ) Tj ET Q q 0 0 0 rg BT 353.84 416.80 Td (of ) Tj ET Q q 0 0 0 rg BT 363.41 416.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 393.96 416.80 Td (is ) Tj ET Q q 0 0 0 rg BT 402.03 416.80 Td (the ) Tj ET Q q 0 0 0 rg BT 415.10 416.80 Td (technical ) Tj ET Q q 0 0 0 rg BT 449.65 416.80 Td (utilization ) Tj ET Q q 0 0 0 rg BT 488.21 416.80 Td (of ) Tj ET Q q 0 0 0 rg BT 497.78 416.80 Td (the ) Tj ET Q q 0 0 0 rg BT 510.84 416.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 539.41 416.80 Td (rig. ) Tj ET Q q 0 0 0 rg BT 553.58 416.80 Td (T) Tj ET Q q 0 0 0 rg BT 558.45 416.80 Td (o ) Tj ET Q q 0 0 0 rg BT 565.02 416.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 59.94 406.00 Td (that ) Tj ET Q q 0 0 0 rg BT 75.39 406.00 Td (our ) Tj ET Q q 0 0 0 rg BT 89.33 406.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 128.77 406.00 Td (are ) Tj ET Q q 0 0 0 rg BT 141.71 406.00 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 183.15 406.00 Td (due ) Tj ET Q q 0 0 0 rg BT 198.09 406.00 Td (to ) Tj ET Q q 0 0 0 rg BT 207.04 406.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 246.98 406.00 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 288.92 406.00 Td (or ) Tj ET Q q 0 0 0 rg BT 298.36 406.00 Td (operational ) Tj ET Q q 0 0 0 rg BT 340.80 406.00 Td (failures, ) Tj ET Q q 0 0 0 rg BT 371.98 406.00 Td (we ) Tj ET Q q 0 0 0 rg BT 384.43 406.00 Td (do ) Tj ET Q q 0 0 0 rg BT 395.38 406.00 Td (not ) Tj ET Q q 0 0 0 rg BT 408.83 406.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 444.26 406.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 472.19 406.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 500.62 406.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 552.56 406.00 Td (for ) Tj ET Q q 0 0 0 rg BT 565.00 406.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.20 Td (period ) Tj ET Q q 0 0 0 rg BT 60.88 395.20 Td (of ) Tj ET Q q 0 0 0 rg BT 70.26 395.20 Td (the ) Tj ET Q q 0 0 0 rg BT 83.13 395.20 Td (interruption. ) Tj ET Q q 0 0 0 rg BT 129.76 395.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 178.88 395.20 Td (our ) Tj ET Q q 0 0 0 rg BT 192.76 395.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 224.63 395.20 Td (can ) Tj ET Q q 0 0 0 rg BT 239.00 395.20 Td (be ) Tj ET Q q 0 0 0 rg BT 249.38 395.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 279.74 395.20 Td (in ) Tj ET Q q 0 0 0 rg BT 288.62 395.20 Td (instances ) Tj ET Q q 0 0 0 rg BT 323.50 395.20 Td (of ) Tj ET Q q 0 0 0 rg BT 332.88 395.20 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 374.25 395.20 Td (or ) Tj ET Q q 0 0 0 rg BT 383.63 395.20 Td (suspended ) Tj ET Q q 0 0 0 rg BT 423.00 395.20 Td (service ) Tj ET Q q 0 0 0 rg BT 450.37 395.20 Td (due ) Tj ET Q q 0 0 0 rg BT 465.25 395.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 476.38 395.20 Td (among ) Tj ET Q q 0 0 0 rg BT 502.76 395.20 Td (other ) Tj ET Q q 0 0 0 rg BT 523.14 395.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 549.27 395.20 Td (repairs, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 384.40 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 72.99 384.40 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 122.96 384.40 Td (force ) Tj ET Q q 0 0 0 rg BT 143.70 384.40 Td (majeure ) Tj ET Q q 0 0 0 rg BT 174.93 384.40 Td (or ) Tj ET Q q 0 0 0 rg BT 184.68 384.40 Td (requested ) Tj ET Q q 0 0 0 rg BT 221.41 384.40 Td (suspension ) Tj ET Q q 0 0 0 rg BT 263.16 384.40 Td (of ) Tj ET Q q 0 0 0 rg BT 272.91 384.40 Td (services ) Tj ET Q q 0 0 0 rg BT 304.15 384.40 Td (by ) Tj ET Q q 0 0 0 rg BT 315.40 384.40 Td (the ) Tj ET Q q 0 0 0 rg BT 328.64 384.40 Td (client ) Tj ET Q q 0 0 0 rg BT 350.88 384.40 Td (and ) Tj ET Q q 0 0 0 rg BT 366.13 384.40 Td (other ) Tj ET Q q 0 0 0 rg BT 386.87 384.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 423.11 384.40 Td (factors.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.71 356.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 75.42 356.80 Td (and ) Tj ET Q q 0 0 0 rg BT 91.14 356.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 131.35 356.80 Td (of ) Tj ET Q q 0 0 0 rg BT 141.57 356.80 Td (the ) Tj ET Q q 0 0 0 rg BT 155.28 356.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 190.48 356.80 Td (allow ) Tj ET Q q 0 0 0 rg BT 213.20 356.80 Td (for ) Tj ET Q q 0 0 0 rg BT 226.41 356.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 279.12 356.80 Td (when ) Tj ET Q q 0 0 0 rg BT 301.33 356.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 328.53 356.80 Td (beyond ) Tj ET Q q 0 0 0 rg BT 357.75 356.80 Td (our ) Tj ET Q q 0 0 0 rg BT 372.46 356.80 Td (control, ) Tj ET Q q 0 0 0 rg BT 402.92 356.80 Td (including ) Tj ET Q q 0 0 0 rg BT 439.64 356.80 Td (weather ) Tj ET Q q 0 0 0 rg BT 470.84 356.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 513.30 356.80 Td (influence ) Tj ET Q q 0 0 0 rg BT 549.50 356.80 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 346.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 76.47 346.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 94.70 346.00 Td (in ) Tj ET Q q 0 0 0 rg BT 104.69 346.00 Td (some ) Tj ET Q q 0 0 0 rg BT 126.67 346.00 Td (cases, ) Tj ET Q q 0 0 0 rg BT 150.90 346.00 Td (for ) Tj ET Q q 0 0 0 rg BT 164.37 346.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 217.35 346.00 Td (when ) Tj ET Q q 0 0 0 rg BT 239.83 346.00 Td (we ) Tj ET Q q 0 0 0 rg BT 253.31 346.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 285.28 346.00 Td (planned ) Tj ET Q q 0 0 0 rg BT 316.75 346.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 365.21 346.00 Td (activities. ) Tj ET Q q 0 0 0 rg BT 402.93 346.00 Td (In ) Tj ET Q q 0 0 0 rg BT 413.42 346.00 Td (general, ) Tj ET Q q 0 0 0 rg BT 445.13 346.00 Td (we ) Tj ET Q q 0 0 0 rg BT 458.61 346.00 Td (are ) Tj ET Q q 0 0 0 rg BT 472.58 346.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 502.56 346.00 Td (to ) Tj ET Q q 0 0 0 rg BT 512.54 346.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 530.03 346.00 Td (escalation ) Tj ET Q q 0 0 0 rg BT 568.99 346.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 335.20 Td (compensate ) Tj ET Q q 0 0 0 rg BT 80.73 335.20 Td (for ) Tj ET Q q 0 0 0 rg BT 93.48 335.20 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 156.21 335.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 172.96 335.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 208.19 335.20 Td (as ) Tj ET Q q 0 0 0 rg BT 217.93 335.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 251.66 335.20 Td (in ) Tj ET Q q 0 0 0 rg BT 260.91 335.20 Td (publicly ) Tj ET Q q 0 0 0 rg BT 292.65 335.20 Td (available ) Tj ET Q q 0 0 0 rg BT 327.38 335.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 344.13 335.20 Td (indices.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 307.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.91 307.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 77.81 307.60 Td (to ) Tj ET Q q 0 0 0 rg BT 87.22 307.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 127.10 307.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 147.51 307.60 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 180.65 307.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 219.55 307.60 Td (may ) Tj ET Q q 0 0 0 rg BT 237.45 307.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 252.85 307.60 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 300.75 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.16 307.60 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 372.55 307.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 389.45 307.60 Td (for ) Tj ET Q q 0 0 0 rg BT 402.35 307.60 Td (units ) Tj ET Q q 0 0 0 rg BT 422.26 307.60 Td (before ) Tj ET Q q 0 0 0 rg BT 447.65 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.06 307.60 Td (after ) Tj ET Q q 0 0 0 rg BT 481.95 307.60 Td (their ) Tj ET Q q 0 0 0 rg BT 500.85 307.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 529.76 307.60 Td (assignments, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 296.80 Td (and ) Tj ET Q q 0 0 0 rg BT 50.36 296.80 Td (may ) Tj ET Q q 0 0 0 rg BT 67.21 296.80 Td (also ) Tj ET Q q 0 0 0 rg BT 83.07 296.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 97.43 296.80 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 152.77 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 161.63 296.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.99 296.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 212.34 296.80 Td (by ) Tj ET Q q 0 0 0 rg BT 222.70 296.80 Td (us ) Tj ET Q q 0 0 0 rg BT 232.06 296.80 Td (at ) Tj ET Q q 0 0 0 rg BT 239.92 296.80 Td (their ) Tj ET Q q 0 0 0 rg BT 257.77 296.80 Td (request ) Tj ET Q q 0 0 0 rg BT 285.12 296.80 Td (for ) Tj ET Q q 0 0 0 rg BT 296.98 296.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 334.33 296.80 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 367.44 296.80 Td (personnel ) Tj ET Q q 0 0 0 rg BT 403.79 296.80 Td (and ) Tj ET Q q 0 0 0 rg BT 418.15 296.80 Td (other ) Tj ET Q q 0 0 0 rg BT 438.00 296.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 470.60 296.80 Td (not ) Tj ET Q q 0 0 0 rg BT 483.46 296.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 513.30 296.80 Td (by ) Tj ET Q q 0 0 0 rg BT 523.67 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 536.02 296.80 Td (contractual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 286.00 Td (dayrate.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 258.40 Td (Gain/Loss ) Tj ET Q q 0 0 0 rg BT 76.26 258.40 Td (on ) Tj ET Q q 0 0 0 rg BT 88.01 258.40 Td (disposal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 244.60 Td (From ) Tj ET Q q 0 0 0 rg BT 57.37 244.60 Td (time ) Tj ET Q q 0 0 0 rg BT 75.23 244.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.10 244.60 Td (time ) Tj ET Q q 0 0 0 rg BT 101.96 244.60 Td (we ) Tj ET Q q 0 0 0 rg BT 114.32 244.60 Td (may ) Tj ET Q q 0 0 0 rg BT 131.68 244.60 Td (sell, ) Tj ET Q q 0 0 0 rg BT 148.29 244.60 Td (or ) Tj ET Q q 0 0 0 rg BT 157.66 244.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 194.51 244.60 Td (dispose ) Tj ET Q q 0 0 0 rg BT 223.38 244.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 234.99 244.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 263.35 244.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 284.97 244.60 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 327.09 244.60 Td (and ) Tj ET Q q 0 0 0 rg BT 341.95 244.60 Td (other ) Tj ET Q q 0 0 0 rg BT 362.31 244.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 382.66 244.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 407.78 244.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.64 244.60 Td (external ) Tj ET Q q 0 0 0 rg BT 447.49 244.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 473.35 244.60 Td (or ) Tj ET Q q 0 0 0 rg BT 482.71 244.60 Td (related ) Tj ET Q q 0 0 0 rg BT 509.06 244.60 Td (parties. ) Tj ET Q q 0 0 0 rg BT 537.16 244.60 Td (In ) Tj ET Q q 0 0 0 rg BT 546.53 244.60 Td (addition ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 233.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 59.13 233.80 Td (may ) Tj ET Q q 0 0 0 rg BT 76.75 233.80 Td (be ) Tj ET Q q 0 0 0 rg BT 87.37 233.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 123.49 233.80 Td (as ) Tj ET Q q 0 0 0 rg BT 133.11 233.80 Td ("held ) Tj ET Q q 0 0 0 rg BT 154.41 233.80 Td (for ) Tj ET Q q 0 0 0 rg BT 167.03 233.80 Td (sale" ) Tj ET Q q 0 0 0 rg BT 186.82 233.80 Td (on ) Tj ET Q q 0 0 0 rg BT 197.95 233.80 Td (our ) Tj ET Q q 0 0 0 rg BT 212.08 233.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 241.68 233.80 Td (sheet ) Tj ET Q q 0 0 0 rg BT 262.30 233.80 Td (when, ) Tj ET Q q 0 0 0 rg BT 286.18 233.80 Td (among ) Tj ET Q q 0 0 0 rg BT 312.80 233.80 Td (other ) Tj ET Q q 0 0 0 rg BT 333.42 233.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 359.80 233.80 Td (we ) Tj ET Q q 0 0 0 rg BT 372.42 233.80 Td (are ) Tj ET Q q 0 0 0 rg BT 385.54 233.80 Td (committed ) Tj ET Q q 0 0 0 rg BT 426.16 233.80 Td (to ) Tj ET Q q 0 0 0 rg BT 435.28 233.80 Td (a ) Tj ET Q q 0 0 0 rg BT 441.41 233.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 459.03 233.80 Td (to ) Tj ET Q q 0 0 0 rg BT 468.16 233.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 482.78 233.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 508.16 233.80 Td (and ) Tj ET Q q 0 0 0 rg BT 523.28 233.80 Td (consider ) Tj ET Q q 0 0 0 rg BT 555.90 233.80 Td (a ) Tj ET Q q 0 0 0 rg BT 562.02 233.80 Td (sale ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 223.00 Td (probable ) Tj ET Q q 0 0 0 rg BT 69.71 223.00 Td (within ) Tj ET Q q 0 0 0 rg BT 94.92 223.00 Td (twelve ) Tj ET Q q 0 0 0 rg BT 121.13 223.00 Td (months. ) Tj ET Q q 0 0 0 rg BT 151.94 223.00 Td (W) Tj ET Q q 0 0 0 rg BT 159.72 223.00 Td (e ) Tj ET Q q 0 0 0 rg BT 165.93 223.00 Td (may ) Tj ET Q q 0 0 0 rg BT 183.64 223.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 220.84 223.00 Td (a ) Tj ET Q q 0 0 0 rg BT 227.05 223.00 Td (gain/loss ) Tj ET Q q 0 0 0 rg BT 261.27 223.00 Td (on ) Tj ET Q q 0 0 0 rg BT 272.49 223.00 Td (disposal ) Tj ET Q q 0 0 0 rg BT 304.21 223.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 343.92 223.00 Td (on ) Tj ET Q q 0 0 0 rg BT 355.13 223.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 386.34 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 399.55 223.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 414.26 223.00 Td (value ) Tj ET Q q 0 0 0 rg BT 435.97 223.00 Td (of ) Tj ET Q q 0 0 0 rg BT 445.68 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 458.90 223.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 509.60 223.00 Td (received ) Tj ET Q q 0 0 0 rg BT 542.29 223.00 Td (is ) Tj ET Q q 0 0 0 rg BT 550.51 223.00 Td (higher/) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 212.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 58.74 212.20 Td (than ) Tj ET Q q 0 0 0 rg BT 76.49 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 89.73 212.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 121.97 212.20 Td (value ) Tj ET Q q 0 0 0 rg BT 143.71 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 153.45 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 166.70 212.20 Td (asset.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 184.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 75.75 184.60 Td (Expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.76 184.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 170.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.37 170.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 88.73 170.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 123.59 170.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 150.96 170.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 186.82 170.80 Td (of ) Tj ET Q q 0 0 0 rg BT 196.69 170.80 Td (vessel ) Tj ET Q q 0 0 0 rg BT 221.05 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 236.42 170.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 248.79 170.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 285.15 170.80 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 322.26 170.80 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 371.61 170.80 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 408.72 170.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 455.57 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 470.93 170.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 518.79 170.80 Td (and ) Tj ET Q q 0 0 0 rg BT 534.15 170.80 Td (general ) Tj ET Q q 0 0 0 rg BT 563.01 170.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 160.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 89.74 160.00 Td (expenses.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 146.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 146.20 Td (V) Tj ET Q q 0 0 0 rg BT 77.50 146.20 Td (essel ) Tj ET Q q 0 0 0 rg BT 96.73 146.20 Td (and ) Tj ET Q q 0 0 0 rg BT 111.45 146.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 123.18 146.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 158.90 146.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 193.12 146.20 Td (are ) Tj ET Q q 0 0 0 rg BT 205.84 146.20 Td (related ) Tj ET Q q 0 0 0 rg BT 232.05 146.20 Td (to ) Tj ET Q q 0 0 0 rg BT 240.79 146.20 Td (the ) Tj ET Q q 0 0 0 rg BT 253.51 146.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 281.74 146.20 Td (units ) Tj ET Q q 0 0 0 rg BT 300.98 146.20 Td (we ) Tj ET Q q 0 0 0 rg BT 313.20 146.20 Td (have ) Tj ET Q q 0 0 0 rg BT 331.92 146.20 Td (in ) Tj ET Q q 0 0 0 rg BT 340.66 146.20 Td (operation ) Tj ET Q q 0 0 0 rg BT 376.37 146.20 Td (and ) Tj ET Q q 0 0 0 rg BT 391.10 146.20 Td (include ) Tj ET Q q 0 0 0 rg BT 419.32 146.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.05 146.20 Td (remuneration ) Tj ET Q q 0 0 0 rg BT 481.76 146.20 Td (of ) Tj ET Q q 0 0 0 rg BT 490.99 146.20 Td (of) Tj ET Q q 0 0 0 rg BT 498.32 146.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 522.54 146.20 Td (crews, ) Tj ET Q q 0 0 0 rg BT 547.51 146.20 Td (onshore ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 135.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 84.25 135.40 Td (supervision ) Tj ET Q q 0 0 0 rg BT 128.00 135.40 Td (staf) Tj ET Q q 0 0 0 rg BT 140.83 135.40 Td (f, ) Tj ET Q q 0 0 0 rg BT 148.32 135.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 183.06 135.40 Td (for ) Tj ET Q q 0 0 0 rg BT 195.81 135.40 Td (repairs ) Tj ET Q q 0 0 0 rg BT 222.54 135.40 Td (and ) Tj ET Q q 0 0 0 rg BT 237.79 135.40 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 287.76 135.40 Td (as ) Tj ET Q q 0 0 0 rg BT 297.51 135.40 Td (well ) Tj ET Q q 0 0 0 rg BT 315.25 135.40 Td (as ) Tj ET Q q 0 0 0 rg BT 325.00 135.40 Td (other ) Tj ET Q q 0 0 0 rg BT 345.74 135.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 380.48 135.40 Td (specifically ) Tj ET Q q 0 0 0 rg BT 424.21 135.40 Td (related ) Tj ET Q q 0 0 0 rg BT 450.94 135.40 Td (to ) Tj ET Q q 0 0 0 rg BT 460.20 135.40 Td (the ) Tj ET Q q 0 0 0 rg BT 473.44 135.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 502.19 135.40 Td (units.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 121.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 121.60 Td (Reimbursable ) Tj ET Q q 0 0 0 rg BT 124.24 121.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 158.98 121.60 Td (are ) Tj ET Q q 0 0 0 rg BT 172.21 121.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 204.45 121.60 Td (at ) Tj ET Q q 0 0 0 rg BT 213.19 121.60 Td (the ) Tj ET Q q 0 0 0 rg BT 226.44 121.60 Td (request ) Tj ET Q q 0 0 0 rg BT 254.68 121.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.42 121.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 305.42 121.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.66 121.60 Td (include ) Tj ET Q q 0 0 0 rg BT 349.40 121.60 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 383.40 121.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 420.64 121.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.88 121.60 Td (other ) Tj ET Q q 0 0 0 rg BT 456.63 121.60 Td (services.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 107.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 107.80 Td (Loss ) Tj ET Q q 0 0 0 rg BT 91.25 107.80 Td (on ) Tj ET Q q 0 0 0 rg BT 102.49 107.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 146.23 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 155.97 107.80 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 190.22 107.80 Td (and ) Tj ET Q q 0 0 0 rg BT 205.46 107.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 234.20 107.80 Td (units. ) Tj ET Q q 0 0 0 rg BT 256.20 107.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 305.43 107.80 Td (reviews ) Tj ET Q q 0 0 0 rg BT 335.66 107.80 Td (these ) Tj ET Q q 0 0 0 rg BT 356.40 107.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 379.64 107.80 Td (for ) Tj ET Q q 0 0 0 rg BT 392.38 107.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 436.12 107.80 Td (at ) Tj ET Q q 0 0 0 rg BT 444.86 107.80 Td (least ) Tj ET Q q 0 0 0 rg BT 463.60 107.80 Td (once ) Tj ET Q q 0 0 0 rg BT 482.83 107.80 Td (each ) Tj ET Q q 0 0 0 rg BT 501.56 107.80 Td (year ) Tj ET Q q 0 0 0 rg BT 519.29 107.80 Td (or ) Tj ET Q q 0 0 0 rg BT 529.04 107.80 Td (more ) Tj ET Q q 0 0 0 rg BT 549.77 107.80 Td (often ) Tj ET Q q 0 0 0 rg BT 570.51 107.80 Td (if ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 97.00 Td (there ) Tj ET Q q 0 0 0 rg BT 92.28 97.00 Td (are ) Tj ET Q q 0 0 0 rg BT 105.57 97.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 132.35 97.00 Td (indicating ) Tj ET Q q 0 0 0 rg BT 170.64 97.00 Td (that ) Tj ET Q q 0 0 0 rg BT 186.43 97.00 Td (it ) Tj ET Q q 0 0 0 rg BT 193.73 97.00 Td (is ) Tj ET Q q 0 0 0 rg BT 202.03 97.00 Td (more ) Tj ET Q q 0 0 0 rg BT 222.82 97.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 245.61 97.00 Td (than ) Tj ET Q q 0 0 0 rg BT 263.41 97.00 Td (not ) Tj ET Q q 0 0 0 rg BT 277.21 97.00 Td (that ) Tj ET Q q 0 0 0 rg BT 293.00 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.29 97.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.08 97.00 Td (value ) Tj ET Q q 0 0 0 rg BT 342.86 97.00 Td (of ) Tj ET Q q 0 0 0 rg BT 352.66 97.00 Td (these ) Tj ET Q q 0 0 0 rg BT 373.45 97.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.74 97.00 Td (will ) Tj ET Q q 0 0 0 rg BT 413.04 97.00 Td (be ) Tj ET Q q 0 0 0 rg BT 423.83 97.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 446.62 97.00 Td (than ) Tj ET Q q 0 0 0 rg BT 464.41 97.00 Td (their ) Tj ET Q q 0 0 0 rg BT 483.20 97.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 521.98 97.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 554.26 97.00 Td (value. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 86.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 97.24 86.20 Td (see ) Tj ET Q q 0 0 0 rg BT 110.98 86.20 Td ("Critical ) Tj ET Q q 0 0 0 rg BT 152.40 86.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 196.64 86.20 Td (Estimates" ) Tj ET Q q 0 0 0 rg BT 237.56 86.20 Td (for ) Tj ET Q q 0 0 0 rg BT 250.30 86.20 Td (further ) Tj ET Q q 0 0 0 rg BT 277.04 86.20 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 72.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 72.40 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 120.73 72.40 Td (and ) Tj ET Q q 0 0 0 rg BT 135.97 72.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 183.70 72.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 218.44 72.40 Td (are ) Tj ET Q q 0 0 0 rg BT 231.68 72.40 Td (based ) Tj ET Q q 0 0 0 rg BT 254.42 72.40 Td (on ) Tj ET Q q 0 0 0 rg BT 265.67 72.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.92 72.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 314.66 72.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 331.40 72.40 Td (of ) Tj ET Q q 0 0 0 rg BT 341.15 72.40 Td (our ) Tj ET Q q 0 0 0 rg BT 355.40 72.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 384.15 72.40 Td (units ) Tj ET Q q 0 0 0 rg BT 403.90 72.40 Td (and ) Tj ET Q q 0 0 0 rg BT 419.15 72.40 Td (other ) Tj ET Q q 0 0 0 rg BT 439.89 72.40 Td (equipment.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 58.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 58.60 Td (General ) Tj ET Q q 0 0 0 rg BT 103.51 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.53 58.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 174.05 58.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 209.57 58.60 Td (include ) Tj ET Q q 0 0 0 rg BT 239.08 58.60 Td (the ) Tj ET Q q 0 0 0 rg BT 253.11 58.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 274.14 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.66 58.60 Td (our ) Tj ET Q q 0 0 0 rg BT 299.69 58.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 332.21 58.60 Td (of) Tj ET Q q 0 0 0 rg BT 339.54 58.60 Td (fices ) Tj ET Q q 0 0 0 rg BT 359.56 58.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.59 58.60 Td (various ) Tj ET Q q 0 0 0 rg BT 399.11 58.60 Td (locations, ) Tj ET Q q 0 0 0 rg BT 436.88 58.60 Td (as ) Tj ET Q q 0 0 0 rg BT 447.41 58.60 Td (well ) Tj ET Q q 0 0 0 rg BT 465.93 58.60 Td (as ) Tj ET Q q 0 0 0 rg BT 476.46 58.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.48 58.60 Td (remuneration ) Tj ET Q q 0 0 0 rg BT 541.49 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 557.51 58.60 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 47.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 124.24 47.80 Td (of ) Tj ET Q q 0 0 0 rg BT 133.98 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 147.23 47.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 180.97 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 196.21 47.80 Td (employees ) Tj ET Q q 0 0 0 rg BT 236.95 47.80 Td (engaged ) Tj ET Q q 0 0 0 rg BT 269.18 47.80 Td (in ) Tj ET Q q 0 0 0 rg BT 278.43 47.80 Td (our ) Tj ET Q q 0 0 0 rg BT 292.68 47.80 Td (management ) Tj ET Q q 0 0 0 rg BT 340.91 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 356.15 47.80 Td (administration.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (36) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 74.76 736.00 Td (items ) Tj ET Q q 0 0 0 rg BT 96.51 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.76 736.00 Td (other ) Tj ET Q q 0 0 0 rg BT 134.52 736.00 Td (income/expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.55 722.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 84.58 722.20 Td (items ) Tj ET Q q 0 0 0 rg BT 105.63 722.20 Td (and ) Tj ET Q q 0 0 0 rg BT 120.18 722.20 Td (other ) Tj ET Q q 0 0 0 rg BT 140.22 722.20 Td (income/expense ) Tj ET Q q 0 0 0 rg BT 199.75 722.20 Td (consist ) Tj ET Q q 0 0 0 rg BT 226.30 722.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 261.34 722.20 Td (of ) Tj ET Q q 0 0 0 rg BT 270.39 722.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.43 722.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 328.72 722.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 356.77 722.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 389.55 722.20 Td (gain/loss ) Tj ET Q q 0 0 0 rg BT 423.11 722.20 Td (on ) Tj ET Q q 0 0 0 rg BT 433.66 722.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 471.19 722.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.22 722.20 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 550.02 722.20 Td (foreign ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 72.23 711.40 Td (gain/loss ) Tj ET Q q 0 0 0 rg BT 106.48 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.72 711.40 Td (other ) Tj ET Q q 0 0 0 rg BT 142.47 711.40 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 195.20 711.40 Td (income ) Tj ET Q q 0 0 0 rg BT 223.94 711.40 Td (or ) Tj ET Q q 0 0 0 rg BT 233.69 711.40 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 270.68 711.40 Td ( ) Tj ET Q q 0 0 0 rg BT 272.93 711.40 Td (See ) Tj ET Q q 0 0 0 rg BT 288.17 711.40 Td (further ) Tj ET Q q 0 0 0 rg BT 314.91 711.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 354.66 711.40 Td (below ) Tj ET Q q 0 0 0 rg BT 378.91 711.40 Td (in ) Tj ET Q q 0 0 0 rg BT 388.16 711.40 Td (relation ) Tj ET Q q 0 0 0 rg BT 417.89 711.40 Td (to ) Tj ET Q q 0 0 0 rg BT 427.14 711.40 Td (these ) Tj ET Q q 0 0 0 rg BT 447.89 711.40 Td (items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 697.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 697.60 Td (The ) Tj ET Q q 0 0 0 rg BT 87.33 697.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 115.67 697.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.50 697.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 152.33 697.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 182.66 697.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 223.47 697.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 254.30 697.60 Td (on ) Tj ET Q q 0 0 0 rg BT 264.64 697.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.98 697.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 303.31 697.60 Td (level ) Tj ET Q q 0 0 0 rg BT 322.13 697.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.97 697.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 347.81 697.60 Td (we ) Tj ET Q q 0 0 0 rg BT 359.64 697.60 Td (have ) Tj ET Q q 0 0 0 rg BT 377.97 697.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 409.29 697.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.63 697.60 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 461.45 697.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.28 697.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 507.61 697.60 Td (for ) Tj ET Q q 0 0 0 rg BT 519.44 697.60 Td (our ) Tj ET Q q 0 0 0 rg BT 532.78 697.60 Td (agreements. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 686.80 Td (However) Tj ET Q q 0 0 0 rg BT 104.63 686.80 Td (, ) Tj ET Q q 0 0 0 rg BT 110.08 686.80 Td (overall ) Tj ET Q q 0 0 0 rg BT 138.26 686.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.95 686.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 200.14 686.80 Td (may ) Tj ET Q q 0 0 0 rg BT 218.83 686.80 Td (be ) Tj ET Q q 0 0 0 rg BT 230.53 686.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 262.21 686.80 Td (as ) Tj ET Q q 0 0 0 rg BT 272.91 686.80 Td (a ) Tj ET Q q 0 0 0 rg BT 280.10 686.80 Td (consequence ) Tj ET Q q 0 0 0 rg BT 329.28 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 339.98 686.80 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 391.65 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 402.35 686.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 432.04 686.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 464.23 686.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 494.91 686.80 Td (to ) Tj ET Q q 0 0 0 rg BT 505.12 686.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 534.81 686.80 Td (units ) Tj ET Q q 0 0 0 rg BT 555.52 686.80 Td (under ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 676.00 Td (construction. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 662.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 662.20 Td (Gains/losses ) Tj ET Q q 0 0 0 rg BT 119.48 662.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 161.44 662.20 Td (on ) Tj ET Q q 0 0 0 rg BT 172.92 662.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 211.38 662.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.35 662.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 289.83 662.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 315.29 662.20 Td (various ) Tj ET Q q 0 0 0 rg BT 344.26 662.20 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 403.22 662.20 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 448.69 662.20 Td (to ) Tj ET Q q 0 0 0 rg BT 458.17 662.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.65 662.20 Td (value ) Tj ET Q q 0 0 0 rg BT 493.62 662.20 Td (of ) Tj ET Q q 0 0 0 rg BT 503.60 662.20 Td (our ) Tj ET Q q 0 0 0 rg BT 518.08 662.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.05 662.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 563.02 662.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 651.40 Td (forward ) Tj ET Q q 0 0 0 rg BT 103.90 651.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 138.79 651.40 Td (swap ) Tj ET Q q 0 0 0 rg BT 160.70 651.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 205.09 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 221.50 651.40 Td (other ) Tj ET Q q 0 0 0 rg BT 243.40 651.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 282.80 651.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.69 651.40 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 365.35 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 381.76 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 396.17 651.40 Td (net ) Tj ET Q q 0 0 0 rg BT 410.58 651.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 450.98 651.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 481.38 651.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 500.29 651.40 Td (or ) Tj ET Q q 0 0 0 rg BT 511.20 651.40 Td (received ) Tj ET Q q 0 0 0 rg BT 545.09 651.40 Td (on ) Tj ET Q q 0 0 0 rg BT 557.50 651.40 Td (swap ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 640.60 Td (agreements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 626.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 626.80 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 101.90 626.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 137.78 626.80 Td (gains/losses ) Tj ET Q q 0 0 0 rg BT 182.68 626.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 224.06 626.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 259.44 626.80 Td (relate ) Tj ET Q q 0 0 0 rg BT 281.32 626.80 Td (to ) Tj ET Q q 0 0 0 rg BT 290.22 626.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 335.11 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 350.01 626.80 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 392.39 626.80 Td (of ) Tj ET Q q 0 0 0 rg BT 401.79 626.80 Td (balances ) Tj ET Q q 0 0 0 rg BT 434.67 626.80 Td (carried ) Tj ET Q q 0 0 0 rg BT 461.55 626.80 Td (in ) Tj ET Q q 0 0 0 rg BT 470.45 626.80 Td (currencies ) Tj ET Q q 0 0 0 rg BT 509.33 626.80 Td (other ) Tj ET Q q 0 0 0 rg BT 529.72 626.80 Td (than ) Tj ET Q q 0 0 0 rg BT 547.12 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 560.01 626.80 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 616.00 Td (dollar) Tj ET Q q 0 0 0 rg BT 92.50 616.00 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 602.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 602.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 94.74 602.20 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 147.48 602.20 Td (income ) Tj ET Q q 0 0 0 rg BT 176.22 602.20 Td (or ) Tj ET Q q 0 0 0 rg BT 185.96 602.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 217.20 602.20 Td (relate ) Tj ET Q q 0 0 0 rg BT 239.43 602.20 Td (to ) Tj ET Q q 0 0 0 rg BT 248.68 602.20 Td (items ) Tj ET Q q 0 0 0 rg BT 270.43 602.20 Td (which ) Tj ET Q q 0 0 0 rg BT 294.68 602.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 330.41 602.20 Td (do ) Tj ET Q q 0 0 0 rg BT 341.66 602.20 Td (not ) Tj ET Q q 0 0 0 rg BT 355.41 602.20 Td (fall ) Tj ET Q q 0 0 0 rg BT 369.65 602.20 Td (within ) Tj ET Q q 0 0 0 rg BT 394.90 602.20 Td (any ) Tj ET Q q 0 0 0 rg BT 410.15 602.20 Td (other ) Tj ET Q q 0 0 0 rg BT 430.89 602.20 Td (categories ) Tj ET Q q 0 0 0 rg BT 469.62 602.20 Td (listed ) Tj ET Q q 0 0 0 rg BT 491.37 602.20 Td (above.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 574.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 66.25 574.60 Td (taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 64.84 560.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 77.68 560.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 108.52 560.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 136.85 560.80 Td (current ) Tj ET Q q 0 0 0 rg BT 164.18 560.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.03 560.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 206.86 560.80 Td (and ) Tj ET Q q 0 0 0 rg BT 221.71 560.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 253.53 560.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 273.88 560.80 Td (related ) Tj ET Q q 0 0 0 rg BT 300.21 560.80 Td (to ) Tj ET Q q 0 0 0 rg BT 309.06 560.80 Td (our ) Tj ET Q q 0 0 0 rg BT 322.91 560.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 351.25 560.80 Td (unit ) Tj ET Q q 0 0 0 rg BT 367.11 560.80 Td (owning ) Tj ET Q q 0 0 0 rg BT 395.96 560.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.80 560.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 446.64 560.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 480.98 560.80 Td (and ) Tj ET Q q 0 0 0 rg BT 495.82 560.80 Td (may ) Tj ET Q q 0 0 0 rg BT 513.17 560.80 Td (vary ) Tj ET Q q 0 0 0 rg BT 531.01 560.80 Td (significantly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 550.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 76.47 550.00 Td (on ) Tj ET Q q 0 0 0 rg BT 88.46 550.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 135.94 550.00 Td (and ) Tj ET Q q 0 0 0 rg BT 151.92 550.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 194.88 550.00 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 248.60 550.00 Td (In ) Tj ET Q q 0 0 0 rg BT 259.08 550.00 Td (most ) Tj ET Q q 0 0 0 rg BT 279.57 550.00 Td (cases ) Tj ET Q q 0 0 0 rg BT 301.54 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.52 550.00 Td (calculation ) Tj ET Q q 0 0 0 rg BT 357.98 550.00 Td (of ) Tj ET Q q 0 0 0 rg BT 368.47 550.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 382.45 550.00 Td (is ) Tj ET Q q 0 0 0 rg BT 391.43 550.00 Td (based ) Tj ET Q q 0 0 0 rg BT 414.91 550.00 Td (on ) Tj ET Q q 0 0 0 rg BT 426.90 550.00 Td (net ) Tj ET Q q 0 0 0 rg BT 440.88 550.00 Td (income ) Tj ET Q q 0 0 0 rg BT 470.35 550.00 Td (or ) Tj ET Q q 0 0 0 rg BT 480.83 550.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 511.80 550.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 543.53 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 557.51 550.00 Td (latter ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 539.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 71.73 539.20 Td (being ) Tj ET Q q 0 0 0 rg BT 93.98 539.20 Td (a ) Tj ET Q q 0 0 0 rg BT 100.22 539.20 Td (function ) Tj ET Q q 0 0 0 rg BT 132.46 539.20 Td (of ) Tj ET Q q 0 0 0 rg BT 142.21 539.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 163.46 539.20 Td (turnover) Tj ET Q q 0 0 0 rg BT 193.46 539.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 510.40 Td (Critical ) Tj ET Q q 0 0 0 rg BT 70.71 510.40 Td (Accounting Estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 496.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.72 496.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 96.43 496.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.65 496.60 Td (our ) Tj ET Q q 0 0 0 rg BT 121.38 496.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 171.60 496.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 207.82 496.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 250.04 496.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 281.76 496.60 Td (us ) Tj ET Q q 0 0 0 rg BT 292.49 496.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.22 496.60 Td (make ) Tj ET Q q 0 0 0 rg BT 324.43 496.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 360.65 496.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.37 496.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 423.61 496.60 Td (that ) Tj ET Q q 0 0 0 rg BT 439.83 496.60 Td (af) Tj ET Q q 0 0 0 rg BT 446.66 496.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 462.87 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.60 496.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 509.31 496.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 542.53 496.60 Td (of ) Tj ET Q q 0 0 0 rg BT 552.76 496.60 Td (assets, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 485.80 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 73.96 485.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 108.15 485.80 Td (and ) Tj ET Q q 0 0 0 rg BT 123.36 485.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 158.06 485.80 Td (and ) Tj ET Q q 0 0 0 rg BT 173.26 485.80 Td (related ) Tj ET Q q 0 0 0 rg BT 199.96 485.80 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 242.16 485.80 Td (about ) Tj ET Q q 0 0 0 rg BT 264.37 485.80 Td (contingent ) Tj ET Q q 0 0 0 rg BT 304.57 485.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 327.78 485.80 Td (and ) Tj ET Q q 0 0 0 rg BT 342.99 485.80 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 380.78 485.80 Td (W) Tj ET Q q 0 0 0 rg BT 388.56 485.80 Td (e ) Tj ET Q q 0 0 0 rg BT 394.76 485.80 Td (base ) Tj ET Q q 0 0 0 rg BT 412.97 485.80 Td (these ) Tj ET Q q 0 0 0 rg BT 433.67 485.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 469.37 485.80 Td (and ) Tj ET Q q 0 0 0 rg BT 484.58 485.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 531.29 485.80 Td (on ) Tj ET Q q 0 0 0 rg BT 542.50 485.80 Td (historical ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 475.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 77.44 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 92.91 475.00 Td (on ) Tj ET Q q 0 0 0 rg BT 104.38 475.00 Td (various ) Tj ET Q q 0 0 0 rg BT 133.35 475.00 Td (other ) Tj ET Q q 0 0 0 rg BT 154.32 475.00 Td (information ) Tj ET Q q 0 0 0 rg BT 199.28 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 214.75 475.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 261.73 475.00 Td (that ) Tj ET Q q 0 0 0 rg BT 277.69 475.00 Td (we ) Tj ET Q q 0 0 0 rg BT 290.66 475.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 319.12 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 328.59 475.00 Td (be ) Tj ET Q q 0 0 0 rg BT 339.56 475.00 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 382.76 475.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 399.23 475.00 Td (critical ) Tj ET Q q 0 0 0 rg BT 426.69 475.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 468.65 475.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 504.61 475.00 Td (are ) Tj ET Q q 0 0 0 rg BT 518.07 475.00 Td (important ) Tj ET Q q 0 0 0 rg BT 555.54 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 565.01 475.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 464.20 Td (portrayal ) Tj ET Q q 0 0 0 rg BT 70.54 464.20 Td (of ) Tj ET Q q 0 0 0 rg BT 80.09 464.20 Td (both ) Tj ET Q q 0 0 0 rg BT 98.14 464.20 Td (our ) Tj ET Q q 0 0 0 rg BT 112.19 464.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.72 464.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 181.77 464.20 Td (and ) Tj ET Q q 0 0 0 rg BT 196.82 464.20 Td (results ) Tj ET Q q 0 0 0 rg BT 222.37 464.20 Td (of ) Tj ET Q q 0 0 0 rg BT 231.92 464.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 271.46 464.20 Td (and ) Tj ET Q q 0 0 0 rg BT 286.51 464.20 Td (require ) Tj ET Q q 0 0 0 rg BT 314.04 464.20 Td (us ) Tj ET Q q 0 0 0 rg BT 324.10 464.20 Td (to ) Tj ET Q q 0 0 0 rg BT 333.15 464.20 Td (make ) Tj ET Q q 0 0 0 rg BT 354.69 464.20 Td (subjective ) Tj ET Q q 0 0 0 rg BT 393.23 464.20 Td (or ) Tj ET Q q 0 0 0 rg BT 402.78 464.20 Td (complex ) Tj ET Q q 0 0 0 rg BT 435.82 464.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 482.38 464.20 Td (or ) Tj ET Q q 0 0 0 rg BT 491.93 464.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 527.47 464.20 Td (about ) Tj ET Q q 0 0 0 rg BT 549.52 464.20 Td (matters ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 453.40 Td (that ) Tj ET Q q 0 0 0 rg BT 50.80 453.40 Td (are ) Tj ET Q q 0 0 0 rg BT 63.08 453.40 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 100.02 453.40 Td (The ) Tj ET Q q 0 0 0 rg BT 115.31 453.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 134.62 453.40 Td (of ) Tj ET Q q 0 0 0 rg BT 143.41 453.40 Td (preparation ) Tj ET Q q 0 0 0 rg BT 185.69 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 199.99 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 213.29 453.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 252.58 453.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 293.36 453.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 322.66 453.40 Td (are ) Tj ET Q q 0 0 0 rg BT 334.94 453.40 Td (discussed ) Tj ET Q q 0 0 0 rg BT 370.74 453.40 Td (in ) Tj ET Q q 0 0 0 rg BT 379.04 453.40 Td ("Note ) Tj ET Q q 0 0 0 rg BT 401.51 453.40 Td (1General ) Tj ET Q q 0 0 0 rg BT 440.29 453.40 Td (Information" ) Tj ET Q q 0 0 0 rg BT 488.26 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 502.55 453.40 Td ("Note ) Tj ET Q q 0 0 0 rg BT 525.02 453.40 Td (2Accounting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 442.60 Td (Policies" ) Tj ET Q q 0 0 0 rg BT 70.23 442.60 Td (of ) Tj ET Q q 0 0 0 rg BT 79.78 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 92.84 442.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 115.89 442.60 Td (to ) Tj ET Q q 0 0 0 rg BT 124.95 442.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.00 442.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 188.56 442.60 Td ( ) Tj ET Q q 0 0 0 rg BT 190.62 442.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 226.16 442.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 267.72 442.60 Td (appearing ) Tj ET Q q 0 0 0 rg BT 305.25 442.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 343.29 442.60 Td (in ) Tj ET Q q 0 0 0 rg BT 352.35 442.60 Td (this ) Tj ET Q q 0 0 0 rg BT 367.41 442.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 393.46 442.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 419.11 442.60 Td (The ) Tj ET Q q 0 0 0 rg BT 435.16 442.60 Td (following ) Tj ET Q q 0 0 0 rg BT 472.21 442.60 Td (are ) Tj ET Q q 0 0 0 rg BT 485.25 442.60 Td (what ) Tj ET Q q 0 0 0 rg BT 504.81 442.60 Td (we ) Tj ET Q q 0 0 0 rg BT 517.36 442.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 545.40 442.60 Td (to ) Tj ET Q q 0 0 0 rg BT 554.46 442.60 Td (be ) Tj ET Q q 0 0 0 rg BT 565.01 442.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 431.80 Td (critical ) Tj ET Q q 0 0 0 rg BT 62.87 431.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 104.23 431.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 139.61 431.80 Td (used ) Tj ET Q q 0 0 0 rg BT 157.99 431.80 Td (in ) Tj ET Q q 0 0 0 rg BT 166.87 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 179.75 431.80 Td (preparation ) Tj ET Q q 0 0 0 rg BT 222.61 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 231.99 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 244.87 431.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 294.25 431.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 329.63 431.80 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 373.25 431.80 Td (In ) Tj ET Q q 0 0 0 rg BT 382.63 431.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 416.26 431.80 Td (there ) Tj ET Q q 0 0 0 rg BT 436.13 431.80 Td (are ) Tj ET Q q 0 0 0 rg BT 449.00 431.80 Td (other ) Tj ET Q q 0 0 0 rg BT 469.38 431.80 Td (items ) Tj ET Q q 0 0 0 rg BT 490.76 431.80 Td (within ) Tj ET Q q 0 0 0 rg BT 515.64 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.52 431.80 Td (Consolidated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 421.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 71.74 421.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 113.48 421.00 Td (that ) Tj ET Q q 0 0 0 rg BT 129.23 421.00 Td (require ) Tj ET Q q 0 0 0 rg BT 156.96 421.00 Td (estimation.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 393.40 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 67.76 393.40 Td (Units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 379.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 66.47 379.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 88.19 379.60 Td (vessels ) Tj ET Q q 0 0 0 rg BT 115.65 379.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.61 379.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 170.57 379.60 Td (are ) Tj ET Q q 0 0 0 rg BT 183.53 379.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 216.97 379.60 Td (at ) Tj ET Q q 0 0 0 rg BT 225.44 379.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 260.89 379.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 277.36 379.60 Td (less ) Tj ET Q q 0 0 0 rg BT 292.83 379.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 340.27 379.60 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 388.82 379.60 Td (The ) Tj ET Q q 0 0 0 rg BT 404.78 379.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 421.25 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.71 379.60 Td (these ) Tj ET Q q 0 0 0 rg BT 451.17 379.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 474.14 379.60 Td (less ) Tj ET Q q 0 0 0 rg BT 489.61 379.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 526.06 379.60 Td (residual ) Tj ET Q q 0 0 0 rg BT 556.52 379.60 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 368.80 Td (is ) Tj ET Q q 0 0 0 rg BT 44.64 368.80 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 88.75 368.80 Td (on ) Tj ET Q q 0 0 0 rg BT 100.38 368.80 Td (a ) Tj ET Q q 0 0 0 rg BT 107.01 368.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 153.14 368.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 173.77 368.80 Td (over ) Tj ET Q q 0 0 0 rg BT 192.40 368.80 Td (their ) Tj ET Q q 0 0 0 rg BT 211.53 368.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 248.65 368.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 287.77 368.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 325.40 368.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 350.03 368.80 Td (lives. ) Tj ET Q q 0 0 0 rg BT 371.72 368.80 Td (The ) Tj ET Q q 0 0 0 rg BT 388.35 368.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 425.47 368.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 463.09 368.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 487.72 368.80 Td (life ) Tj ET Q q 0 0 0 rg BT 502.35 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 512.48 368.80 Td (our ) Tj ET Q q 0 0 0 rg BT 527.12 368.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 556.25 368.80 Td (units, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 358.00 Td (when ) Tj ET Q q 0 0 0 rg BT 57.74 358.00 Td (new) Tj ET Q q 0 0 0 rg BT 72.15 358.00 Td (, ) Tj ET Q q 0 0 0 rg BT 76.65 358.00 Td (is ) Tj ET Q q 0 0 0 rg BT 84.91 358.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 139.14 358.00 Td (30 ) Tj ET Q q 0 0 0 rg BT 150.39 358.00 Td (years.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 330.40 Td (Significant ) Tj ET Q q 0 0 0 rg BT 78.33 330.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 124.17 330.40 Td (are ) Tj ET Q q 0 0 0 rg BT 137.99 330.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 179.81 330.40 Td (and ) Tj ET Q q 0 0 0 rg BT 195.64 330.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 239.95 330.40 Td (in ) Tj ET Q q 0 0 0 rg BT 249.79 330.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 293.09 330.40 Td (with ) Tj ET Q q 0 0 0 rg BT 311.93 330.40 Td (the ) Tj ET Q q 0 0 0 rg BT 325.77 330.40 Td (nature ) Tj ET Q q 0 0 0 rg BT 351.09 330.40 Td (of ) Tj ET Q q 0 0 0 rg BT 361.43 330.40 Td (the ) Tj ET Q q 0 0 0 rg BT 375.26 330.40 Td (investment. ) Tj ET Q q 0 0 0 rg BT 419.84 330.40 Td (Significant ) Tj ET Q q 0 0 0 rg BT 462.18 330.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 508.01 330.40 Td (that ) Tj ET Q q 0 0 0 rg BT 524.35 330.40 Td (are ) Tj ET Q q 0 0 0 rg BT 538.17 330.40 Td (deemed ) Tj ET Q q 0 0 0 rg BT 569.00 330.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 68.01 319.60 Td (an ) Tj ET Q q 0 0 0 rg BT 79.03 319.60 Td (asset) Tj ET Q q 0 0 0 rg BT 99.02 319.60 Td (s ) Tj ET Q q 0 0 0 rg BT 105.05 319.60 Td (value ) Tj ET Q q 0 0 0 rg BT 127.07 319.60 Td (for ) Tj ET Q q 0 0 0 rg BT 140.09 319.60 Td (its ) Tj ET Q q 0 0 0 rg BT 151.12 319.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 190.13 319.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 214.66 319.60 Td (life, ) Tj ET Q q 0 0 0 rg BT 231.42 319.60 Td (are ) Tj ET Q q 0 0 0 rg BT 244.94 319.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 286.44 319.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.96 319.60 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 345.96 319.60 Td (over ) Tj ET Q q 0 0 0 rg BT 364.48 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.00 319.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 417.01 319.60 Td (life ) Tj ET Q q 0 0 0 rg BT 431.53 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.56 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.08 319.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 477.35 319.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.70 319.60 Td (W) Tj ET Q q 0 0 0 rg BT 487.47 319.60 Td (e ) Tj ET Q q 0 0 0 rg BT 493.99 319.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 532.50 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.02 319.60 Td (carrying ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 308.80 Td (value ) Tj ET Q q 0 0 0 rg BT 57.71 308.80 Td (of ) Tj ET Q q 0 0 0 rg BT 67.43 308.80 Td (these ) Tj ET Q q 0 0 0 rg BT 88.14 308.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 111.36 308.80 Td (based ) Tj ET Q q 0 0 0 rg BT 134.08 308.80 Td (on ) Tj ET Q q 0 0 0 rg BT 145.30 308.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 175.51 308.80 Td (that ) Tj ET Q q 0 0 0 rg BT 191.23 308.80 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 234.43 308.80 Td (our ) Tj ET Q q 0 0 0 rg BT 248.65 308.80 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 286.61 308.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 333.34 308.80 Td (and ) Tj ET Q q 0 0 0 rg BT 348.55 308.80 Td (judgments ) Tj ET Q q 0 0 0 rg BT 388.27 308.80 Td (relative ) Tj ET Q q 0 0 0 rg BT 417.48 308.80 Td (to ) Tj ET Q q 0 0 0 rg BT 426.70 308.80 Td (the ) Tj ET Q q 0 0 0 rg BT 439.92 308.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 472.12 308.80 Td (value, ) Tj ET Q q 0 0 0 rg BT 496.08 308.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 534.79 308.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 559.01 308.80 Td (lives ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.00 Td (and ) Tj ET Q q 0 0 0 rg BT 50.45 298.00 Td (residual ) Tj ET Q q 0 0 0 rg BT 80.39 298.00 Td (values. ) Tj ET Q q 0 0 0 rg BT 106.99 298.00 Td (The ) Tj ET Q q 0 0 0 rg BT 122.43 298.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 168.39 298.00 Td (and ) Tj ET Q q 0 0 0 rg BT 182.84 298.00 Td (judgments ) Tj ET Q q 0 0 0 rg BT 221.79 298.00 Td (we ) Tj ET Q q 0 0 0 rg BT 233.74 298.00 Td (use ) Tj ET Q q 0 0 0 rg BT 247.19 298.00 Td (in ) Tj ET Q q 0 0 0 rg BT 255.65 298.00 Td (determining ) Tj ET Q q 0 0 0 rg BT 300.59 298.00 Td (the ) Tj ET Q q 0 0 0 rg BT 313.04 298.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 348.98 298.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 372.43 298.00 Td (lives ) Tj ET Q q 0 0 0 rg BT 390.89 298.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.84 298.00 Td (our ) Tj ET Q q 0 0 0 rg BT 413.29 298.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 441.24 298.00 Td (units ) Tj ET Q q 0 0 0 rg BT 460.20 298.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 484.63 298.00 Td (both ) Tj ET Q q 0 0 0 rg BT 502.09 298.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 537.03 298.00 Td (experience ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 51.60 287.20 Td (expectations ) Tj ET Q q 0 0 0 rg BT 99.19 287.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 136.27 287.20 Td (future ) Tj ET Q q 0 0 0 rg BT 160.37 287.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 202.71 287.20 Td (utilization ) Tj ET Q q 0 0 0 rg BT 241.81 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 257.40 287.20 Td (performance. ) Tj ET Q q 0 0 0 rg BT 307.54 287.20 Td (The ) Tj ET Q q 0 0 0 rg BT 324.14 287.20 Td (use ) Tj ET Q q 0 0 0 rg BT 338.74 287.20 Td (of ) Tj ET Q q 0 0 0 rg BT 348.84 287.20 Td (dif) Tj ET Q q 0 0 0 rg BT 358.67 287.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 382.26 287.20 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 420.61 287.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 467.71 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 483.31 287.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 523.42 287.20 Td (in ) Tj ET Q q 0 0 0 rg BT 533.02 287.20 Td (establishing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 276.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 72.74 276.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 96.98 276.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 116.23 276.40 Td (could ) Tj ET Q q 0 0 0 rg BT 138.48 276.40 Td (result ) Tj ET Q q 0 0 0 rg BT 160.72 276.40 Td (in ) Tj ET Q q 0 0 0 rg BT 169.97 276.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 208.71 276.40 Td (dif) Tj ET Q q 0 0 0 rg BT 218.54 276.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 241.77 276.40 Td (net ) Tj ET Q q 0 0 0 rg BT 255.02 276.40 Td (book ) Tj ET Q q 0 0 0 rg BT 275.27 276.40 Td (values ) Tj ET Q q 0 0 0 rg BT 300.51 276.40 Td (of ) Tj ET Q q 0 0 0 rg BT 310.26 276.40 Td (our ) Tj ET Q q 0 0 0 rg BT 324.51 276.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 353.25 276.40 Td (units ) Tj ET Q q 0 0 0 rg BT 373.01 276.40 Td (and ) Tj ET Q q 0 0 0 rg BT 388.25 276.40 Td (results ) Tj ET Q q 0 0 0 rg BT 414.00 276.40 Td (of ) Tj ET Q q 0 0 0 rg BT 423.75 276.40 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.69 248.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 77.39 248.80 Td (lives ) Tj ET Q q 0 0 0 rg BT 97.09 248.80 Td (of ) Tj ET Q q 0 0 0 rg BT 107.28 248.80 Td (units ) Tj ET Q q 0 0 0 rg BT 127.49 248.80 Td (and ) Tj ET Q q 0 0 0 rg BT 143.18 248.80 Td (related ) Tj ET Q q 0 0 0 rg BT 170.37 248.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 211.06 248.80 Td (are ) Tj ET Q q 0 0 0 rg BT 224.75 248.80 Td (dif) Tj ET Q q 0 0 0 rg BT 234.58 248.80 Td (ficult ) Tj ET Q q 0 0 0 rg BT 256.27 248.80 Td (to ) Tj ET Q q 0 0 0 rg BT 265.98 248.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 298.66 248.80 Td (due ) Tj ET Q q 0 0 0 rg BT 314.36 248.80 Td (to ) Tj ET Q q 0 0 0 rg BT 324.06 248.80 Td (a ) Tj ET Q q 0 0 0 rg BT 330.76 248.80 Td (variety ) Tj ET Q q 0 0 0 rg BT 358.44 248.80 Td (of ) Tj ET Q q 0 0 0 rg BT 368.64 248.80 Td (factors, ) Tj ET Q q 0 0 0 rg BT 398.08 248.80 Td (including ) Tj ET Q q 0 0 0 rg BT 434.78 248.80 Td (technological ) Tj ET Q q 0 0 0 rg BT 485.96 248.80 Td (advances ) Tj ET Q q 0 0 0 rg BT 521.64 248.80 Td (that ) Tj ET Q q 0 0 0 rg BT 537.83 248.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 565.03 248.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.00 Td (methods ) Tj ET Q q 0 0 0 rg BT 68.50 238.00 Td (or ) Tj ET Q q 0 0 0 rg BT 78.00 238.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 94.50 238.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.00 238.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 115.51 238.00 Td (and ) Tj ET Q q 0 0 0 rg BT 130.50 238.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 144.50 238.00 Td (exploration ) Tj ET Q q 0 0 0 rg BT 187.49 238.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.49 238.00 Td (development, ) Tj ET Q q 0 0 0 rg BT 253.23 238.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 284.22 238.00 Td (in ) Tj ET Q q 0 0 0 rg BT 293.22 238.00 Td (market ) Tj ET Q q 0 0 0 rg BT 320.21 238.00 Td (or ) Tj ET Q q 0 0 0 rg BT 329.71 238.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 366.70 238.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 406.20 238.00 Td (and ) Tj ET Q q 0 0 0 rg BT 421.20 238.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 452.19 238.00 Td (in ) Tj ET Q q 0 0 0 rg BT 461.19 238.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 479.69 238.00 Td (or ) Tj ET Q q 0 0 0 rg BT 489.19 238.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 531.19 238.00 Td (af) Tj ET Q q 0 0 0 rg BT 538.01 238.00 Td (fecting ) Tj ET Q q 0 0 0 rg BT 565.00 238.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.65 227.20 Td (industry) Tj ET Q q 0 0 0 rg BT 93.57 227.20 Td (. ) Tj ET Q q 0 0 0 rg BT 97.82 227.20 Td (W) Tj ET Q q 0 0 0 rg BT 105.59 227.20 Td (e ) Tj ET Q q 0 0 0 rg BT 111.74 227.20 Td (re-evaluate ) Tj ET Q q 0 0 0 rg BT 153.86 227.20 Td (the ) Tj ET Q q 0 0 0 rg BT 167.01 227.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 205.65 227.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 229.80 227.20 Td (lives ) Tj ET Q q 0 0 0 rg BT 248.95 227.20 Td (of ) Tj ET Q q 0 0 0 rg BT 258.60 227.20 Td (our ) Tj ET Q q 0 0 0 rg BT 272.75 227.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 301.40 227.20 Td (units ) Tj ET Q q 0 0 0 rg BT 321.06 227.20 Td (as ) Tj ET Q q 0 0 0 rg BT 330.71 227.20 Td (and ) Tj ET Q q 0 0 0 rg BT 345.86 227.20 Td (when ) Tj ET Q q 0 0 0 rg BT 367.50 227.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 394.14 227.20 Td (events ) Tj ET Q q 0 0 0 rg BT 419.28 227.20 Td (occur ) Tj ET Q q 0 0 0 rg BT 441.42 227.20 Td (which ) Tj ET Q q 0 0 0 rg BT 465.57 227.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 495.21 227.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 521.86 227.20 Td (our ) Tj ET Q q 0 0 0 rg BT 536.01 227.20 Td (assessment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 216.40 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 216.40 Td (their ) Tj ET Q q 0 0 0 rg BT 64.49 216.40 Td (remaining ) Tj ET Q q 0 0 0 rg BT 103.23 216.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 127.47 216.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 146.72 216.40 Td (and ) Tj ET Q q 0 0 0 rg BT 161.96 216.40 Td (include ) Tj ET Q q 0 0 0 rg BT 190.71 216.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 221.94 216.40 Td (in ) Tj ET Q q 0 0 0 rg BT 231.19 216.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.43 216.40 Td (condition, ) Tj ET Q q 0 0 0 rg BT 305.93 216.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 344.66 216.40 Td (capability ) Tj ET Q q 0 0 0 rg BT 382.40 216.40 Td (and ) Tj ET Q q 0 0 0 rg BT 397.64 216.40 Td (market ) Tj ET Q q 0 0 0 rg BT 424.88 216.40 Td (and ) Tj ET Q q 0 0 0 rg BT 440.13 216.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 477.36 216.40 Td (factors.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.76 188.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 83.52 188.80 Td (values ) Tj ET Q q 0 0 0 rg BT 108.28 188.80 Td (of ) Tj ET Q q 0 0 0 rg BT 117.55 188.80 Td (our ) Tj ET Q q 0 0 0 rg BT 131.32 188.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 170.09 188.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 192.86 188.80 Td (are ) Tj ET Q q 0 0 0 rg BT 205.61 188.80 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 240.37 188.80 Td (for ) Tj ET Q q 0 0 0 rg BT 252.63 188.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 295.89 188.80 Td (whenever ) Tj ET Q q 0 0 0 rg BT 332.65 188.80 Td (events ) Tj ET Q q 0 0 0 rg BT 357.41 188.80 Td (or ) Tj ET Q q 0 0 0 rg BT 366.68 188.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 397.44 188.80 Td (in ) Tj ET Q q 0 0 0 rg BT 406.21 188.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 458.96 188.80 Td (indicate ) Tj ET Q q 0 0 0 rg BT 489.22 188.80 Td (that ) Tj ET Q q 0 0 0 rg BT 504.48 188.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.25 188.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 549.01 188.80 Td (amount ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 178.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.33 178.00 Td (an ) Tj ET Q q 0 0 0 rg BT 55.65 178.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 74.98 178.00 Td (may ) Tj ET Q q 0 0 0 rg BT 92.31 178.00 Td (no ) Tj ET Q q 0 0 0 rg BT 103.14 178.00 Td (longer ) Tj ET Q q 0 0 0 rg BT 127.96 178.00 Td (be ) Tj ET Q q 0 0 0 rg BT 138.29 178.00 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 183.22 178.00 Td (W) Tj ET Q q 0 0 0 rg BT 190.99 178.00 Td (e ) Tj ET Q q 0 0 0 rg BT 196.82 178.00 Td (assess ) Tj ET Q q 0 0 0 rg BT 220.65 178.00 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 272.45 178.00 Td (of ) Tj ET Q q 0 0 0 rg BT 281.78 178.00 Td (the ) Tj ET Q q 0 0 0 rg BT 294.61 178.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 326.42 178.00 Td (value ) Tj ET Q q 0 0 0 rg BT 347.75 178.00 Td (of ) Tj ET Q q 0 0 0 rg BT 357.07 178.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.90 178.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 389.23 178.00 Td (by ) Tj ET Q q 0 0 0 rg BT 400.06 178.00 Td (estimating ) Tj ET Q q 0 0 0 rg BT 439.38 178.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.21 178.00 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 502.04 178.00 Td (future ) Tj ET Q q 0 0 0 rg BT 525.36 178.00 Td (net ) Tj ET Q q 0 0 0 rg BT 538.18 178.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 556.01 178.00 Td (flows ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 167.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 70.25 167.20 Td (to ) Tj ET Q q 0 0 0 rg BT 79.51 167.20 Td (result ) Tj ET Q q 0 0 0 rg BT 101.78 167.20 Td (from ) Tj ET Q q 0 0 0 rg BT 121.54 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 134.80 167.20 Td (asset, ) Tj ET Q q 0 0 0 rg BT 156.81 167.20 Td (including ) Tj ET Q q 0 0 0 rg BT 193.08 167.20 Td (eventual ) Tj ET Q q 0 0 0 rg BT 225.83 167.20 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 269.85 167.20 Td (If ) Tj ET Q q 0 0 0 rg BT 278.12 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.38 167.20 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 341.64 167.20 Td (future ) Tj ET Q q 0 0 0 rg BT 365.40 167.20 Td (net ) Tj ET Q q 0 0 0 rg BT 378.66 167.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.92 167.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 419.19 167.20 Td (are ) Tj ET Q q 0 0 0 rg BT 432.44 167.20 Td (less ) Tj ET Q q 0 0 0 rg BT 448.21 167.20 Td (than ) Tj ET Q q 0 0 0 rg BT 465.97 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 479.23 167.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 511.48 167.20 Td (value ) Tj ET Q q 0 0 0 rg BT 533.24 167.20 Td (of ) Tj ET Q q 0 0 0 rg BT 543.01 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 556.27 167.20 Td (asset, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 156.40 Td (an ) Tj ET Q q 0 0 0 rg BT 46.88 156.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 90.76 156.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 107.15 156.40 Td (is ) Tj ET Q q 0 0 0 rg BT 115.54 156.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 149.40 156.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 171.28 156.40 Td (to ) Tj ET Q q 0 0 0 rg BT 180.66 156.40 Td (the ) Tj ET Q q 0 0 0 rg BT 194.04 156.40 Td (dif) Tj ET Q q 0 0 0 rg BT 203.88 156.40 Td (ference ) Tj ET Q q 0 0 0 rg BT 232.74 156.40 Td (between ) Tj ET Q q 0 0 0 rg BT 265.11 156.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.49 156.40 Td (asset) Tj ET Q q 0 0 0 rg BT 298.49 156.40 Td (s ) Tj ET Q q 0 0 0 rg BT 304.37 156.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 336.74 156.40 Td (value ) Tj ET Q q 0 0 0 rg BT 358.62 156.40 Td (and ) Tj ET Q q 0 0 0 rg BT 374.00 156.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 388.88 156.40 Td (value. ) Tj ET Q q 0 0 0 rg BT 413.00 156.40 Td (In ) Tj ET Q q 0 0 0 rg BT 422.89 156.40 Td (general, ) Tj ET Q q 0 0 0 rg BT 454.00 156.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 497.88 156.40 Td (analyses ) Tj ET Q q 0 0 0 rg BT 530.75 156.40 Td (are ) Tj ET Q q 0 0 0 rg BT 544.13 156.40 Td (based ) Tj ET Q q 0 0 0 rg BT 567.00 156.40 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 145.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 70.55 145.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 93.38 145.60 Td (utilization ) Tj ET Q q 0 0 0 rg BT 132.44 145.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.01 145.60 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 180.57 145.60 Td (for ) Tj ET Q q 0 0 0 rg BT 193.64 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 207.21 145.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 244.27 145.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 283.33 145.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 307.90 145.60 Td (lives ) Tj ET Q q 0 0 0 rg BT 327.47 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.55 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.11 145.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 371.18 145.60 Td (or ) Tj ET Q q 0 0 0 rg BT 381.25 145.60 Td (group ) Tj ET Q q 0 0 0 rg BT 404.83 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 414.90 145.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 438.47 145.60 Td (being ) Tj ET Q q 0 0 0 rg BT 461.04 145.60 Td (assessed. ) Tj ET Q q 0 0 0 rg BT 495.79 145.60 Td (An ) Tj ET Q q 0 0 0 rg BT 509.36 145.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 553.42 145.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 570.00 145.60 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 134.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 70.21 134.80 Td (in ) Tj ET Q q 0 0 0 rg BT 79.94 134.80 Td (the ) Tj ET Q q 0 0 0 rg BT 93.66 134.80 Td (period ) Tj ET Q q 0 0 0 rg BT 119.38 134.80 Td (in ) Tj ET Q q 0 0 0 rg BT 129.11 134.80 Td (which ) Tj ET Q q 0 0 0 rg BT 153.83 134.80 Td (it ) Tj ET Q q 0 0 0 rg BT 161.56 134.80 Td (is ) Tj ET Q q 0 0 0 rg BT 170.30 134.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 213.51 134.80 Td (that ) Tj ET Q q 0 0 0 rg BT 229.73 134.80 Td (the ) Tj ET Q q 0 0 0 rg BT 243.46 134.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 281.16 134.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 313.88 134.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 343.60 134.80 Td (is ) Tj ET Q q 0 0 0 rg BT 352.33 134.80 Td (not ) Tj ET Q q 0 0 0 rg BT 366.56 134.80 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 412.91 134.80 Td (Asset ) Tj ET Q q 0 0 0 rg BT 435.63 134.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 479.85 134.80 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 523.57 134.80 Td (are, ) Tj ET Q q 0 0 0 rg BT 539.53 134.80 Td (by ) Tj ET Q q 0 0 0 rg BT 551.26 134.80 Td (nature, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.00 Td (highly ) Tj ET Q q 0 0 0 rg BT 61.69 124.00 Td (subjective. ) Tj ET Q q 0 0 0 rg BT 102.92 124.00 Td (They ) Tj ET Q q 0 0 0 rg BT 124.10 124.00 Td (involve ) Tj ET Q q 0 0 0 rg BT 153.78 124.00 Td (expectations ) Tj ET Q q 0 0 0 rg BT 201.45 124.00 Td (about ) Tj ET Q q 0 0 0 rg BT 224.13 124.00 Td (future ) Tj ET Q q 0 0 0 rg BT 248.30 124.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 266.98 124.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 289.67 124.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 327.33 124.00 Td (by ) Tj ET Q q 0 0 0 rg BT 339.01 124.00 Td (our ) Tj ET Q q 0 0 0 rg BT 353.70 124.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 379.63 124.00 Td (and ) Tj ET Q q 0 0 0 rg BT 395.31 124.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 420.98 124.00 Td (management) Tj ET Q q 0 0 0 rg BT 469.46 124.00 Td (s ) Tj ET Q q 0 0 0 rg BT 475.64 124.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 522.83 124.00 Td (and ) Tj ET Q q 0 0 0 rg BT 538.51 124.00 Td (judgments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 113.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 72.32 113.20 Td (future ) Tj ET Q q 0 0 0 rg BT 95.65 113.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 126.99 113.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 166.33 113.20 Td (and ) Tj ET Q q 0 0 0 rg BT 181.16 113.20 Td (their ) Tj ET Q q 0 0 0 rg BT 199.50 113.20 Td (ef) Tj ET Q q 0 0 0 rg BT 206.32 113.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 221.65 113.20 Td (on ) Tj ET Q q 0 0 0 rg BT 232.49 113.20 Td (future ) Tj ET Q q 0 0 0 rg BT 255.82 113.20 Td (utilization ) Tj ET Q q 0 0 0 rg BT 294.15 113.20 Td (levels, ) Tj ET Q q 0 0 0 rg BT 319.23 113.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 351.06 113.20 Td (and ) Tj ET Q q 0 0 0 rg BT 365.89 113.20 Td (costs. ) Tj ET Q q 0 0 0 rg BT 387.85 113.20 Td (The ) Tj ET Q q 0 0 0 rg BT 403.68 113.20 Td (use ) Tj ET Q q 0 0 0 rg BT 417.51 113.20 Td (of ) Tj ET Q q 0 0 0 rg BT 426.85 113.20 Td (dif) Tj ET Q q 0 0 0 rg BT 436.69 113.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 459.51 113.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 494.84 113.20 Td (and ) Tj ET Q q 0 0 0 rg BT 509.67 113.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 556.02 113.20 Td (could ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 102.40 Td (result ) Tj ET Q q 0 0 0 rg BT 58.25 102.40 Td (in ) Tj ET Q q 0 0 0 rg BT 67.50 102.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 114.74 102.40 Td (dif) Tj ET Q q 0 0 0 rg BT 124.57 102.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 147.81 102.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 180.04 102.40 Td (values ) Tj ET Q q 0 0 0 rg BT 205.28 102.40 Td (of ) Tj ET Q q 0 0 0 rg BT 215.03 102.40 Td (our ) Tj ET Q q 0 0 0 rg BT 229.28 102.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 252.52 102.40 Td (and ) Tj ET Q q 0 0 0 rg BT 267.77 102.40 Td (could ) Tj ET Q q 0 0 0 rg BT 290.01 102.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 328.75 102.40 Td (af) Tj ET Q q 0 0 0 rg BT 335.58 102.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 351.31 102.40 Td (our ) Tj ET Q q 0 0 0 rg BT 365.56 102.40 Td (results ) Tj ET Q q 0 0 0 rg BT 391.31 102.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.05 102.40 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 74.80 Td (W) Tj ET Q q 0 0 0 rg BT 44.13 74.80 Td (ith ) Tj ET Q q 0 0 0 rg BT 55.91 74.80 Td (regard ) Tj ET Q q 0 0 0 rg BT 81.17 74.80 Td (to ) Tj ET Q q 0 0 0 rg BT 90.44 74.80 Td (older ) Tj ET Q q 0 0 0 rg BT 111.21 74.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 139.98 74.80 Td (units ) Tj ET Q q 0 0 0 rg BT 159.76 74.80 Td (which ) Tj ET Q q 0 0 0 rg BT 184.03 74.80 Td (have ) Tj ET Q q 0 0 0 rg BT 203.29 74.80 Td (relatively ) Tj ET Q q 0 0 0 rg BT 239.55 74.80 Td (short ) Tj ET Q q 0 0 0 rg BT 259.82 74.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 298.59 74.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 330.85 74.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 355.12 74.80 Td (lives, ) Tj ET Q q 0 0 0 rg BT 376.64 74.80 Td (the ) Tj ET Q q 0 0 0 rg BT 389.91 74.80 Td (results ) Tj ET Q q 0 0 0 rg BT 415.68 74.80 Td (of ) Tj ET Q q 0 0 0 rg BT 425.45 74.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 469.22 74.80 Td (tests ) Tj ET Q q 0 0 0 rg BT 487.49 74.80 Td (are ) Tj ET Q q 0 0 0 rg BT 500.75 74.80 Td (particularly ) Tj ET Q q 0 0 0 rg BT 544.51 74.80 Td (sensitive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 64.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.44 64.00 Td (management's ) Tj ET Q q 0 0 0 rg BT 98.99 64.00 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 148.18 64.00 Td ( ) Tj ET Q q 0 0 0 rg BT 150.45 64.00 Td (These ) Tj ET Q q 0 0 0 rg BT 174.38 64.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 221.32 64.00 Td (include ) Tj ET Q q 0 0 0 rg BT 250.25 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 263.69 64.00 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 302.63 64.00 Td (of ) Tj ET Q q 0 0 0 rg BT 312.57 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 326.00 64.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 342.45 64.00 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 378.88 64.00 Td (a ) Tj ET Q q 0 0 0 rg BT 385.32 64.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 416.74 64.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 437.18 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 450.62 64.00 Td (expiry ) Tj ET Q q 0 0 0 rg BT 476.05 64.00 Td (of ) Tj ET Q q 0 0 0 rg BT 485.99 64.00 Td (any ) Tj ET Q q 0 0 0 rg BT 501.43 64.00 Td (current ) Tj ET Q q 0 0 0 rg BT 529.35 64.00 Td (contract, ) Tj ET Q q 0 0 0 rg BT 563.03 64.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 53.20 Td (the ) Tj ET Q q 0 0 0 rg BT 48.47 53.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 90.06 53.20 Td (intention ) Tj ET Q q 0 0 0 rg BT 123.52 53.20 Td (for ) Tj ET Q q 0 0 0 rg BT 135.49 53.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.95 53.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 175.92 53.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 191.39 53.20 Td (should ) Tj ET Q q 0 0 0 rg BT 216.87 53.20 Td (no ) Tj ET Q q 0 0 0 rg BT 227.34 53.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 257.79 53.20 Td (be ) Tj ET Q q 0 0 0 rg BT 267.75 53.20 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 302.47 53.20 Td (including ) Tj ET Q q 0 0 0 rg BT 337.93 53.20 Td (warm ) Tj ET Q q 0 0 0 rg BT 359.89 53.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 363.86 53.20 Td (cold ) Tj ET Q q 0 0 0 rg BT 380.83 53.20 Td (stacking ) Tj ET Q q 0 0 0 rg BT 412.29 53.20 Td (or ) Tj ET Q q 0 0 0 rg BT 421.26 53.20 Td (scrapping. ) Tj ET Q q 0 0 0 rg BT 459.97 53.20 Td ( ) Tj ET Q q 0 0 0 rg BT 461.33 53.20 Td (The ) Tj ET Q q 0 0 0 rg BT 476.80 53.20 Td (use ) Tj ET Q q 0 0 0 rg BT 490.26 53.20 Td (of ) Tj ET Q q 0 0 0 rg BT 499.23 53.20 Td (dif) Tj ET Q q 0 0 0 rg BT 509.06 53.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 531.52 53.20 Td (assumptions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 42.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.47 42.40 Td (the ) Tj ET Q q 0 0 0 rg BT 58.94 42.40 Td (future ) Tj ET Q q 0 0 0 rg BT 82.90 42.40 Td (could ) Tj ET Q q 0 0 0 rg BT 105.37 42.40 Td (potentially ) Tj ET Q q 0 0 0 rg BT 146.33 42.40 Td (result ) Tj ET Q q 0 0 0 rg BT 168.80 42.40 Td (in ) Tj ET Q q 0 0 0 rg BT 178.27 42.40 Td (an ) Tj ET Q q 0 0 0 rg BT 189.24 42.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 233.20 42.40 Td (of ) Tj ET Q q 0 0 0 rg BT 243.17 42.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 272.14 42.40 Td (units, ) Tj ET Q q 0 0 0 rg BT 294.37 42.40 Td (which ) Tj ET Q q 0 0 0 rg BT 318.83 42.40 Td (could ) Tj ET Q q 0 0 0 rg BT 341.30 42.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 380.26 42.40 Td (af) Tj ET Q q 0 0 0 rg BT 387.08 42.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 403.04 42.40 Td (our ) Tj ET Q q 0 0 0 rg BT 417.51 42.40 Td (results ) Tj ET Q q 0 0 0 rg BT 443.48 42.40 Td (of ) Tj ET Q q 0 0 0 rg BT 453.45 42.40 Td ( ) Tj ET Q q 0 0 0 rg BT 455.92 42.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 498.14 42.40 Td ( ) Tj ET Q q 0 0 0 rg BT 500.61 42.40 Td (If ) Tj ET Q q 0 0 0 rg BT 509.07 42.40 Td (market ) Tj ET Q q 0 0 0 rg BT 536.53 42.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 563.01 42.40 Td (and ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (demand ) Tj ET Q q 0 0 0 rg BT 66.46 749.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 105.93 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 114.91 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.87 749.80 Td (ultra ) Tj ET Q q 0 0 0 rg BT 146.34 749.80 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 185.29 749.80 Td (of) Tj ET Q q 0 0 0 rg BT 192.62 749.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 217.08 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 245.55 749.80 Td (sector ) Tj ET Q q 0 0 0 rg BT 269.02 749.80 Td (do ) Tj ET Q q 0 0 0 rg BT 279.99 749.80 Td (not ) Tj ET Q q 0 0 0 rg BT 293.46 749.80 Td (improve ) Tj ET Q q 0 0 0 rg BT 325.43 749.80 Td (it ) Tj ET Q q 0 0 0 rg BT 332.40 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 340.37 749.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 362.84 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 378.31 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 391.28 749.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.25 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 430.22 749.80 Td (will ) Tj ET Q q 0 0 0 rg BT 446.19 749.80 Td (be ) Tj ET Q q 0 0 0 rg BT 456.66 749.80 Td (required ) Tj ET Q q 0 0 0 rg BT 488.62 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 497.59 749.80 Td (impair ) Tj ET Q q 0 0 0 rg BT 523.05 749.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 549.51 749.80 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (units.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 66.25 711.40 Td (T) Tj ET Q q 0 0 0 rg BT 70.92 711.40 Td (axes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 697.60 Td (e ) Tj ET Q q 0 0 0 rg BT 50.58 697.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.37 697.60 Td (a ) Tj ET Q q 0 0 0 rg BT 71.17 697.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 106.97 697.60 Td (company) Tj ET Q q 0 0 0 rg BT 139.37 697.60 Td (. ) Tj ET Q q 0 0 0 rg BT 144.23 697.60 Td (W) Tj ET Q q 0 0 0 rg BT 152.00 697.60 Td (e ) Tj ET Q q 0 0 0 rg BT 158.80 697.60 Td (are ) Tj ET Q q 0 0 0 rg BT 172.60 697.60 Td (not ) Tj ET Q q 0 0 0 rg BT 186.90 697.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 222.20 697.60 Td (required ) Tj ET Q q 0 0 0 rg BT 254.99 697.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.79 697.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 280.60 697.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 301.90 697.60 Td (in ) Tj ET Q q 0 0 0 rg BT 311.70 697.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 347.50 697.60 Td (on ) Tj ET Q q 0 0 0 rg BT 359.31 697.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 392.60 697.60 Td (income ) Tj ET Q q 0 0 0 rg BT 421.90 697.60 Td (or ) Tj ET Q q 0 0 0 rg BT 432.20 697.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 459.00 697.60 Td (gains. ) Tj ET Q q 0 0 0 rg BT 482.85 697.60 Td (W) Tj ET Q q 0 0 0 rg BT 490.62 697.60 Td (e ) Tj ET Q q 0 0 0 rg BT 497.42 697.60 Td (have ) Tj ET Q q 0 0 0 rg BT 517.22 697.60 Td (received ) Tj ET Q q 0 0 0 rg BT 550.50 697.60 Td (written ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 73.52 686.80 Td (from ) Tj ET Q q 0 0 0 rg BT 93.56 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 107.09 686.80 Td (Minister ) Tj ET Q q 0 0 0 rg BT 140.13 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 150.17 686.80 Td (Finance ) Tj ET Q q 0 0 0 rg BT 181.20 686.80 Td (in ) Tj ET Q q 0 0 0 rg BT 190.74 686.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 226.27 686.80 Td (that ) Tj ET Q q 0 0 0 rg BT 242.31 686.80 Td (we ) Tj ET Q q 0 0 0 rg BT 255.35 686.80 Td (will ) Tj ET Q q 0 0 0 rg BT 271.89 686.80 Td (be ) Tj ET Q q 0 0 0 rg BT 282.92 686.80 Td (exempt ) Tj ET Q q 0 0 0 rg BT 311.95 686.80 Td (from ) Tj ET Q q 0 0 0 rg BT 331.99 686.80 Td (taxation ) Tj ET Q q 0 0 0 rg BT 363.52 686.80 Td (until ) Tj ET Q q 0 0 0 rg BT 382.56 686.80 Td (March31, ) Tj ET Q q 0 0 0 rg BT 422.09 686.80 Td (2035. ) Tj ET Q q 0 0 0 rg BT 444.88 686.80 Td (Certain ) Tj ET Q q 0 0 0 rg BT 473.92 686.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 518.95 686.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 547.97 686.80 Td (in ) Tj ET Q q 0 0 0 rg BT 557.52 686.80 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 82.42 676.00 Td (where ) Tj ET Q q 0 0 0 rg BT 106.33 676.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 126.74 676.00 Td (are ) Tj ET Q q 0 0 0 rg BT 139.65 676.00 Td (imposed. ) Tj ET Q q 0 0 0 rg BT 174.32 676.00 Td (Consequently) Tj ET Q q 0 0 0 rg BT 223.23 676.00 Td (, ) Tj ET Q q 0 0 0 rg BT 227.40 676.00 Td (income ) Tj ET Q q 0 0 0 rg BT 255.81 676.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 276.23 676.00 Td (have ) Tj ET Q q 0 0 0 rg BT 295.14 676.00 Td (been ) Tj ET Q q 0 0 0 rg BT 314.05 676.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 347.45 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 356.37 676.00 Td (these ) Tj ET Q q 0 0 0 rg BT 376.78 676.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 423.20 676.00 Td (when ) Tj ET Q q 0 0 0 rg BT 444.62 676.00 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 489.77 676.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 505.69 676.00 Td (income ) Tj ET Q q 0 0 0 rg BT 534.10 676.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 547.01 676.00 Td (expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (is ) Tj ET Q q 0 0 0 rg BT 44.40 665.20 Td (based ) Tj ET Q q 0 0 0 rg BT 67.29 665.20 Td (on ) Tj ET Q q 0 0 0 rg BT 78.69 665.20 Td (our ) Tj ET Q q 0 0 0 rg BT 93.08 665.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 124.22 665.20 Td (statutory ) Tj ET Q q 0 0 0 rg BT 158.11 665.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.50 665.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 190.89 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 206.28 665.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 219.68 665.20 Td (planning ) Tj ET Q q 0 0 0 rg BT 253.57 665.20 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 303.46 665.20 Td (available ) Tj ET Q q 0 0 0 rg BT 338.34 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 347.74 665.20 Td (us ) Tj ET Q q 0 0 0 rg BT 358.14 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 367.54 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 380.93 665.20 Td (various ) Tj ET Q q 0 0 0 rg BT 409.82 665.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 456.72 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 466.12 665.20 Td (which ) Tj ET Q q 0 0 0 rg BT 490.51 665.20 Td (we ) Tj ET Q q 0 0 0 rg BT 503.40 665.20 Td (operate. ) Tj ET Q q 0 0 0 rg BT 534.35 665.20 Td (W) Tj ET Q q 0 0 0 rg BT 542.13 665.20 Td (e ) Tj ET Q q 0 0 0 rg BT 548.52 665.20 Td (provide ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (for ) Tj ET Q q 0 0 0 rg BT 48.49 654.40 Td (income ) Tj ET Q q 0 0 0 rg BT 76.97 654.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 97.45 654.40 Td (based ) Tj ET Q q 0 0 0 rg BT 119.94 654.40 Td (on ) Tj ET Q q 0 0 0 rg BT 130.93 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.91 654.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.90 654.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 175.39 654.40 Td (and ) Tj ET Q q 0 0 0 rg BT 190.38 654.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 209.36 654.40 Td (in ) Tj ET Q q 0 0 0 rg BT 218.35 654.40 Td (ef) Tj ET Q q 0 0 0 rg BT 225.18 654.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 240.66 654.40 Td (in ) Tj ET Q q 0 0 0 rg BT 249.65 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 262.64 654.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 297.62 654.40 Td (in ) Tj ET Q q 0 0 0 rg BT 306.61 654.40 Td (which ) Tj ET Q q 0 0 0 rg BT 330.60 654.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 370.08 654.40 Td (are ) Tj ET Q q 0 0 0 rg BT 383.05 654.40 Td (conducted ) Tj ET Q q 0 0 0 rg BT 422.03 654.40 Td (and ) Tj ET Q q 0 0 0 rg BT 437.02 654.40 Td (income ) Tj ET Q q 0 0 0 rg BT 465.50 654.40 Td (is ) Tj ET Q q 0 0 0 rg BT 473.49 654.40 Td (earned. ) Tj ET Q q 0 0 0 rg BT 501.57 654.40 Td (The ) Tj ET Q q 0 0 0 rg BT 517.56 654.40 Td (income ) Tj ET Q q 0 0 0 rg BT 546.04 654.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 559.02 654.40 Td (rates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.25 643.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 84.01 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.76 643.60 Td (computing ) Tj ET Q q 0 0 0 rg BT 134.52 643.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 162.76 643.60 Td (income ) Tj ET Q q 0 0 0 rg BT 191.51 643.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 209.76 643.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 257.51 643.60 Td (between ) Tj ET Q q 0 0 0 rg BT 289.75 643.60 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 338.76 643.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 355.01 643.60 Td (income ) Tj ET Q q 0 0 0 rg BT 383.76 643.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 397.02 643.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 428.26 643.60 Td (is ) Tj ET Q q 0 0 0 rg BT 436.52 643.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 470.76 643.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.02 643.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 513.76 643.60 Td (from ) Tj ET Q q 0 0 0 rg BT 533.51 643.60 Td (year ) Tj ET Q q 0 0 0 rg BT 551.25 643.60 Td (to ) Tj ET Q q 0 0 0 rg BT 560.51 643.60 Td (year ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 632.80 Td (our ) Tj ET Q q 0 0 0 rg BT 59.99 632.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 99.73 632.80 Td (are ) Tj ET Q q 0 0 0 rg BT 112.97 632.80 Td (conducted ) Tj ET Q q 0 0 0 rg BT 152.20 632.80 Td (in ) Tj ET Q q 0 0 0 rg BT 161.46 632.80 Td (dif) Tj ET Q q 0 0 0 rg BT 171.29 632.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 194.52 632.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.77 632.80 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 254.52 632.80 Td (and ) Tj ET Q q 0 0 0 rg BT 269.76 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.01 632.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 312.25 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.00 632.80 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 349.73 632.80 Td (income ) Tj ET Q q 0 0 0 rg BT 378.47 632.80 Td (fluctuates.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.76 605.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 105.51 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 121.28 605.20 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 161.53 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.80 605.20 Td (our ) Tj ET Q q 0 0 0 rg BT 186.56 605.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.32 605.20 Td (group ) Tj ET Q q 0 0 0 rg BT 237.08 605.20 Td (income ) Tj ET Q q 0 0 0 rg BT 266.34 605.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 280.11 605.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 316.88 605.20 Td (involves ) Tj ET Q q 0 0 0 rg BT 350.14 605.20 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 401.39 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.66 605.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 425.42 605.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 444.69 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 454.46 605.20 Td (various ) Tj ET Q q 0 0 0 rg BT 483.72 605.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 530.99 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 540.76 605.20 Td (which ) Tj ET Q q 0 0 0 rg BT 565.52 605.20 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 64.19 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 78.89 594.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 109.59 594.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 149.29 594.40 Td (judgment ) Tj ET Q q 0 0 0 rg BT 184.99 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 199.69 594.40 Td (use ) Tj ET Q q 0 0 0 rg BT 213.40 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 222.61 594.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.81 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 272.51 594.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 318.72 594.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 354.91 594.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 394.61 594.40 Td (future ) Tj ET Q q 0 0 0 rg BT 417.81 594.40 Td (events, ) Tj ET Q q 0 0 0 rg BT 444.76 594.40 Td (such ) Tj ET Q q 0 0 0 rg BT 462.97 594.40 Td (as ) Tj ET Q q 0 0 0 rg BT 472.17 594.40 Td (amount, ) Tj ET Q q 0 0 0 rg BT 503.13 594.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 528.34 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 543.04 594.40 Td (character ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.23 583.60 Td (income, ) Tj ET Q q 0 0 0 rg BT 75.70 583.60 Td (deductions ) Tj ET Q q 0 0 0 rg BT 116.42 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.15 583.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.88 583.60 Td (credits. ) Tj ET Q q 0 0 0 rg BT 171.72 583.60 Td (There ) Tj ET Q q 0 0 0 rg BT 194.44 583.60 Td (are ) Tj ET Q q 0 0 0 rg BT 207.16 583.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 233.37 583.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 278.09 583.60 Td (for ) Tj ET Q q 0 0 0 rg BT 290.31 583.60 Td (which ) Tj ET Q q 0 0 0 rg BT 314.04 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.77 583.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 357.99 583.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 370.72 583.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 422.43 583.60 Td (is ) Tj ET Q q 0 0 0 rg BT 430.17 583.60 Td (unclear ) Tj ET Q q 0 0 0 rg BT 458.38 583.60 Td (due ) Tj ET Q q 0 0 0 rg BT 473.10 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 481.84 583.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 524.05 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 532.78 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.51 583.60 Td (ordinary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (course ) Tj ET Q q 0 0 0 rg BT 61.65 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 71.30 572.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 106.06 572.80 Td (W) Tj ET Q q 0 0 0 rg BT 113.83 572.80 Td (e ) Tj ET Q q 0 0 0 rg BT 119.98 572.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 157.12 572.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.27 572.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 205.92 572.80 Td (based ) Tj ET Q q 0 0 0 rg BT 228.57 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 239.73 572.80 Td (our ) Tj ET Q q 0 0 0 rg BT 253.88 572.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 296.04 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 305.69 572.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 336.83 572.80 Td (our ) Tj ET Q q 0 0 0 rg BT 350.99 572.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.14 572.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 398.81 572.80 Td (are ) Tj ET Q q 0 0 0 rg BT 411.95 572.80 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 454.10 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 469.25 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 480.41 572.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 516.06 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 525.71 572.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 546.36 572.80 Td (that ) Tj ET Q q 0 0 0 rg BT 562.01 572.80 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 74.04 562.00 Td (be ) Tj ET Q q 0 0 0 rg BT 84.08 562.00 Td (due. ) Tj ET Q q 0 0 0 rg BT 100.87 562.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 133.41 562.00 Td (in ) Tj ET Q q 0 0 0 rg BT 141.96 562.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.50 562.00 Td (laws, ) Tj ET Q q 0 0 0 rg BT 174.80 562.00 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 218.58 562.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 263.36 562.00 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 293.14 562.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 320.68 562.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 353.70 562.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 389.23 562.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 430.77 562.00 Td (or ) Tj ET Q q 0 0 0 rg BT 439.81 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 453.35 562.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 475.89 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 484.94 562.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 523.97 562.00 Td (or ) Tj ET Q q 0 0 0 rg BT 533.02 562.00 Td (profitability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 44.94 551.20 Td (each ) Tj ET Q q 0 0 0 rg BT 63.36 551.20 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 106.29 551.20 Td (may ) Tj ET Q q 0 0 0 rg BT 123.72 551.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 150.15 551.20 Td (our ) Tj ET Q q 0 0 0 rg BT 164.09 551.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.02 551.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 206.95 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 215.89 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 230.82 551.20 Td (given ) Tj ET Q q 0 0 0 rg BT 252.75 551.20 Td (year) Tj ET Q q 0 0 0 rg BT 267.74 551.20 Td (. ) Tj ET Q q 0 0 0 rg BT 271.79 551.20 Td (While ) Tj ET Q q 0 0 0 rg BT 295.72 551.20 Td (our ) Tj ET Q q 0 0 0 rg BT 309.65 551.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 335.58 551.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.51 551.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 384.45 551.20 Td (is ) Tj ET Q q 0 0 0 rg BT 392.39 551.20 Td (based ) Tj ET Q q 0 0 0 rg BT 414.82 551.20 Td (on ) Tj ET Q q 0 0 0 rg BT 425.75 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 438.69 551.20 Td (information ) Tj ET Q q 0 0 0 rg BT 483.11 551.20 Td (available ) Tj ET Q q 0 0 0 rg BT 517.53 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 526.47 551.20 Td (us ) Tj ET Q q 0 0 0 rg BT 536.41 551.20 Td (at ) Tj ET Q q 0 0 0 rg BT 544.84 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 557.77 551.20 Td (time, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (a ) Tj ET Q q 0 0 0 rg BT 41.58 540.40 Td (number ) Tj ET Q q 0 0 0 rg BT 70.66 540.40 Td (of ) Tj ET Q q 0 0 0 rg BT 79.74 540.40 Td (years ) Tj ET Q q 0 0 0 rg BT 100.31 540.40 Td (may ) Tj ET Q q 0 0 0 rg BT 117.40 540.40 Td (elapse ) Tj ET Q q 0 0 0 rg BT 141.47 540.40 Td (before ) Tj ET Q q 0 0 0 rg BT 166.04 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 178.62 540.40 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 209.69 540.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 222.27 540.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 257.35 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 540.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 292.01 540.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 304.59 540.40 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 350.67 540.40 Td (are ) Tj ET Q q 0 0 0 rg BT 363.25 540.40 Td (determined. ) Tj ET Q q 0 0 0 rg BT 407.56 540.40 Td (Current ) Tj ET Q q 0 0 0 rg BT 436.64 540.40 Td (income ) Tj ET Q q 0 0 0 rg BT 464.72 540.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 477.30 540.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 507.87 540.40 Td (reflects ) Tj ET Q q 0 0 0 rg BT 535.94 540.40 Td (an ) Tj ET Q q 0 0 0 rg BT 546.02 540.40 Td (estimate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.06 529.60 Td (our ) Tj ET Q q 0 0 0 rg BT 58.61 529.60 Td (income ) Tj ET Q q 0 0 0 rg BT 86.66 529.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 99.22 529.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 128.77 529.60 Td (for ) Tj ET Q q 0 0 0 rg BT 140.83 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.38 529.60 Td (current ) Tj ET Q q 0 0 0 rg BT 180.42 529.60 Td (year) Tj ET Q q 0 0 0 rg BT 195.55 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 199.36 529.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 244.42 529.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 266.72 529.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 297.27 529.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.82 529.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 324.88 529.60 Td (year ) Tj ET Q q 0 0 0 rg BT 341.92 529.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 354.48 529.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 389.53 529.60 Td (as ) Tj ET Q q 0 0 0 rg BT 398.58 529.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 411.14 529.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 437.69 529.60 Td (are ) Tj ET Q q 0 0 0 rg BT 450.23 529.60 Td (filed, ) Tj ET Q q 0 0 0 rg BT 470.54 529.60 Td (or ) Tj ET Q q 0 0 0 rg BT 479.59 529.60 Td (from ) Tj ET Q q 0 0 0 rg BT 498.65 529.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 511.20 529.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 530.75 529.60 Td (adjustments. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.21 518.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 84.40 518.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.61 518.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 128.81 518.80 Td (or ) Tj ET Q q 0 0 0 rg BT 138.52 518.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 165.73 518.80 Td (represents ) Tj ET Q q 0 0 0 rg BT 204.42 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.63 518.80 Td (change ) Tj ET Q q 0 0 0 rg BT 245.33 518.80 Td (in ) Tj ET Q q 0 0 0 rg BT 254.55 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.76 518.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 297.45 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 307.16 518.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 339.35 518.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 352.56 518.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 375.78 518.80 Td (or ) Tj ET Q q 0 0 0 rg BT 385.49 518.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 421.20 518.80 Td (as ) Tj ET Q q 0 0 0 rg BT 430.91 518.80 Td (reflected ) Tj ET Q q 0 0 0 rg BT 464.60 518.80 Td (on ) Tj ET Q q 0 0 0 rg BT 475.81 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 489.02 518.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 518.72 518.80 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 541.51 518.80 Td (V) Tj ET Q q 0 0 0 rg BT 547.02 518.80 Td (aluation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.00 Td (allowances ) Tj ET Q q 0 0 0 rg BT 78.56 508.00 Td (are ) Tj ET Q q 0 0 0 rg BT 92.13 508.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 135.19 508.00 Td (to ) Tj ET Q q 0 0 0 rg BT 144.77 508.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 171.33 508.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 203.89 508.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.47 508.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.04 508.00 Td (when ) Tj ET Q q 0 0 0 rg BT 263.12 508.00 Td (it ) Tj ET Q q 0 0 0 rg BT 270.70 508.00 Td (is ) Tj ET Q q 0 0 0 rg BT 279.28 508.00 Td (more ) Tj ET Q q 0 0 0 rg BT 300.36 508.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 323.43 508.00 Td (than ) Tj ET Q q 0 0 0 rg BT 341.51 508.00 Td (not ) Tj ET Q q 0 0 0 rg BT 355.59 508.00 Td (that ) Tj ET Q q 0 0 0 rg BT 371.67 508.00 Td (some ) Tj ET Q q 0 0 0 rg BT 393.24 508.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 421.82 508.00 Td (or ) Tj ET Q q 0 0 0 rg BT 431.90 508.00 Td (all ) Tj ET Q q 0 0 0 rg BT 443.48 508.00 Td (of ) Tj ET Q q 0 0 0 rg BT 453.55 508.00 Td (the ) Tj ET Q q 0 0 0 rg BT 467.13 508.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 499.69 508.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 513.26 508.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 536.84 508.00 Td (will ) Tj ET Q q 0 0 0 rg BT 553.42 508.00 Td (not ) Tj ET Q q 0 0 0 rg BT 567.50 508.00 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.20 Td (realized. ) Tj ET Q q 0 0 0 rg BT 69.34 497.20 Td (T) Tj ET Q q 0 0 0 rg BT 74.21 497.20 Td (o ) Tj ET Q q 0 0 0 rg BT 81.53 497.20 Td (determine ) Tj ET Q q 0 0 0 rg BT 120.33 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 134.14 497.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.95 497.20 Td (of ) Tj ET Q q 0 0 0 rg BT 174.26 497.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 207.06 497.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.87 497.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.68 497.20 Td (and ) Tj ET Q q 0 0 0 rg BT 260.49 497.20 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 299.06 497.20 Td (as ) Tj ET Q q 0 0 0 rg BT 309.37 497.20 Td (well ) Tj ET Q q 0 0 0 rg BT 327.68 497.20 Td (as ) Tj ET Q q 0 0 0 rg BT 338.00 497.20 Td (of ) Tj ET Q q 0 0 0 rg BT 348.31 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 362.12 497.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 398.43 497.20 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 443.48 497.20 Td (we ) Tj ET Q q 0 0 0 rg BT 456.79 497.20 Td (must ) Tj ET Q q 0 0 0 rg BT 477.11 497.20 Td (make ) Tj ET Q q 0 0 0 rg BT 499.42 497.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 535.72 497.20 Td (and ) Tj ET Q q 0 0 0 rg BT 551.53 497.20 Td (certain ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 486.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 83.08 486.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 120.14 486.40 Td (future ) Tj ET Q q 0 0 0 rg BT 144.21 486.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 172.78 486.40 Td (income, ) Tj ET Q q 0 0 0 rg BT 204.09 486.40 Td (including ) Tj ET Q q 0 0 0 rg BT 240.67 486.40 Td (where ) Tj ET Q q 0 0 0 rg BT 265.23 486.40 Td (our ) Tj ET Q q 0 0 0 rg BT 279.81 486.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.89 486.40 Td (units ) Tj ET Q q 0 0 0 rg BT 328.97 486.40 Td (are ) Tj ET Q q 0 0 0 rg BT 342.53 486.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 377.09 486.40 Td (to ) Tj ET Q q 0 0 0 rg BT 386.67 486.40 Td (be ) Tj ET Q q 0 0 0 rg BT 397.74 486.40 Td (deployed, ) Tj ET Q q 0 0 0 rg BT 435.56 486.40 Td (as ) Tj ET Q q 0 0 0 rg BT 445.64 486.40 Td (well ) Tj ET Q q 0 0 0 rg BT 463.71 486.40 Td (as ) Tj ET Q q 0 0 0 rg BT 473.79 486.40 Td (other ) Tj ET Q q 0 0 0 rg BT 494.86 486.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 541.94 486.40 Td (related ) Tj ET Q q 0 0 0 rg BT 569.00 486.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 475.60 Td (our ) Tj ET Q q 0 0 0 rg BT 50.72 475.60 Td (future ) Tj ET Q q 0 0 0 rg BT 74.92 475.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 88.64 475.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 122.01 475.60 Td (A) Tj ET Q q 0 0 0 rg BT 128.02 475.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.73 475.60 Td (change ) Tj ET Q q 0 0 0 rg BT 158.94 475.60 Td (in ) Tj ET Q q 0 0 0 rg BT 168.66 475.60 Td (such ) Tj ET Q q 0 0 0 rg BT 187.87 475.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 224.08 475.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.80 475.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 289.27 475.60 Td (along ) Tj ET Q q 0 0 0 rg BT 311.98 475.60 Td (with ) Tj ET Q q 0 0 0 rg BT 330.70 475.60 Td (any ) Tj ET Q q 0 0 0 rg BT 346.42 475.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 378.12 475.60 Td (in ) Tj ET Q q 0 0 0 rg BT 387.84 475.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.56 475.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 423.02 475.60 Td (could ) Tj ET Q q 0 0 0 rg BT 445.74 475.60 Td (require ) Tj ET Q q 0 0 0 rg BT 473.94 475.60 Td (us ) Tj ET Q q 0 0 0 rg BT 484.66 475.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.38 475.60 Td (adjust ) Tj ET Q q 0 0 0 rg BT 518.60 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 532.31 475.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 565.01 475.60 Td (tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 464.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 61.50 464.80 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 99.49 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 109.24 464.80 Td (valuation ) Tj ET Q q 0 0 0 rg BT 144.98 464.80 Td (allowances.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 437.20 Td (Recent ) Tj ET Q q 0 0 0 rg BT 64.74 437.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 108.99 437.20 Td (pr) Tj ET Q q 0 0 0 rg BT 117.83 437.20 Td (onouncements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 409.60 Td (Recently ) Tj ET Q q 0 0 0 rg BT 69.06 409.60 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 101.14 409.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 144.38 409.60 Td (Standar) Tj ET Q q 0 0 0 rg BT 172.55 409.60 Td (ds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 60.65 395.80 Td (see ) Tj ET Q q 0 0 0 rg BT 73.81 395.80 Td ("Note ) Tj ET Q q 0 0 0 rg BT 96.64 395.80 Td (2Accounting ) Tj ET Q q 0 0 0 rg BT 149.29 395.80 Td (Policies" ) Tj ET Q q 0 0 0 rg BT 183.12 395.80 Td (of ) Tj ET Q q 0 0 0 rg BT 192.28 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 204.93 395.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 227.59 395.80 Td (to ) Tj ET Q q 0 0 0 rg BT 236.25 395.80 Td (our ) Tj ET Q q 0 0 0 rg BT 249.91 395.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 299.07 395.80 Td ( ) Tj ET Q q 0 0 0 rg BT 300.73 395.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 335.88 395.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 377.04 395.80 Td (included ) Tj ET Q q 0 0 0 rg BT 409.69 395.80 Td (herein, ) Tj ET Q q 0 0 0 rg BT 436.09 395.80 Td (for ) Tj ET Q q 0 0 0 rg BT 448.24 395.80 Td (a ) Tj ET Q q 0 0 0 rg BT 453.90 395.80 Td (list ) Tj ET Q q 0 0 0 rg BT 466.56 395.80 Td (of ) Tj ET Q q 0 0 0 rg BT 475.72 395.80 Td (recently ) Tj ET Q q 0 0 0 rg BT 506.36 395.80 Td (adopted ) Tj ET Q q 0 0 0 rg BT 536.52 395.80 Td (accounting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (standards.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 357.40 Td (Recently ) Tj ET Q q 0 0 0 rg BT 69.23 357.40 Td (Issued ) Tj ET Q q 0 0 0 rg BT 94.31 357.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 137.55 357.40 Td (Standar) Tj ET Q q 0 0 0 rg BT 165.72 357.40 Td (ds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 343.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 343.60 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 343.60 Td (is ) Tj ET Q q 0 0 0 rg BT 97.74 343.60 Td (a ) Tj ET Q q 0 0 0 rg BT 103.99 343.60 Td (summary ) Tj ET Q q 0 0 0 rg BT 139.73 343.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.48 343.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.73 343.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 193.96 343.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 218.71 343.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 260.44 343.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 296.68 343.60 Td (that ) Tj ET Q q 0 0 0 rg BT 312.43 343.60 Td (we ) Tj ET Q q 0 0 0 rg BT 325.17 343.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 353.41 343.60 Td (are ) Tj ET Q q 0 0 0 rg BT 366.64 343.60 Td (most ) Tj ET Q q 0 0 0 rg BT 386.40 343.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 417.63 343.60 Td (to ) Tj ET Q q 0 0 0 rg BT 426.88 343.60 Td (our ) Tj ET Q q 0 0 0 rg BT 441.13 343.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 490.87 343.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 526.61 343.60 Td (Statements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 316.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.66 316.00 Td (May ) Tj ET Q q 0 0 0 rg BT 64.32 316.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 86.73 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.89 316.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 135.07 316.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 179.22 316.00 Td (Standards ) Tj ET Q q 0 0 0 rg BT 216.88 316.00 Td (Board, ) Tj ET Q q 0 0 0 rg BT 243.29 316.00 Td (or ) Tj ET Q q 0 0 0 rg BT 252.95 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.10 316.00 Td (F) Tj ET Q q 0 0 0 rg BT 270.44 316.00 Td (ASB, ) Tj ET Q q 0 0 0 rg BT 292.36 316.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 316.55 316.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 336.72 316.00 Td (2014-09,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.96 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 371.13 316.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 403.77 316.00 Td (fr) Tj ET Q q 0 0 0 rg BT 409.43 316.00 Td (om ) Tj ET Q q 0 0 0 rg BT 422.60 316.00 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 460.26 316.00 Td (with ) Tj ET Q q 0 0 0 rg BT 477.93 316.00 Td (Customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.44 316.00 Td (, ) Tj ET Q q 0 0 0 rg BT 520.85 316.00 Td (which ) Tj ET Q q 0 0 0 rg BT 545.01 316.00 Td (provides ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 305.20 Td (new ) Tj ET Q q 0 0 0 rg BT 53.27 305.20 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 101.03 305.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 135.79 305.20 Td (on ) Tj ET Q q 0 0 0 rg BT 147.07 305.20 Td (the ) Tj ET Q q 0 0 0 rg BT 160.34 305.20 Td (methods ) Tj ET Q q 0 0 0 rg BT 193.11 305.20 Td (of ) Tj ET Q q 0 0 0 rg BT 202.89 305.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 233.64 305.20 Td (recognition ) Tj ET Q q 0 0 0 rg BT 276.91 305.20 Td (and ) Tj ET Q q 0 0 0 rg BT 292.18 305.20 Td (related ) Tj ET Q q 0 0 0 rg BT 318.94 305.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 357.71 305.20 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 409.21 305.20 Td ( ) Tj ET Q q 0 0 0 rg BT 411.49 305.20 Td (In ) Tj ET Q q 0 0 0 rg BT 420.76 305.20 Td (April ) Tj ET Q q 0 0 0 rg BT 442.04 305.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 462.31 305.20 Td (the ) Tj ET Q q 0 0 0 rg BT 475.58 305.20 Td (F) Tj ET Q q 0 0 0 rg BT 479.92 305.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 499.71 305.20 Td (proposed ) Tj ET Q q 0 0 0 rg BT 534.98 305.20 Td (to ) Tj ET Q q 0 0 0 rg BT 544.25 305.20 Td (defer ) Tj ET Q q 0 0 0 rg BT 565.01 305.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 294.40 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 294.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 69.34 294.40 Td (date ) Tj ET Q q 0 0 0 rg BT 86.37 294.40 Td (of ) Tj ET Q q 0 0 0 rg BT 95.90 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 108.92 294.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 143.44 294.40 Td (by ) Tj ET Q q 0 0 0 rg BT 154.47 294.40 Td (one ) Tj ET Q q 0 0 0 rg BT 169.50 294.40 Td (year) Tj ET Q q 0 0 0 rg BT 184.49 294.40 Td (. ) Tj ET Q q 0 0 0 rg BT 188.77 294.40 Td ( ) Tj ET Q q 0 0 0 rg BT 190.81 294.40 Td (Based ) Tj ET Q q 0 0 0 rg BT 214.83 294.40 Td (on ) Tj ET Q q 0 0 0 rg BT 225.87 294.40 Td (this ) Tj ET Q q 0 0 0 rg BT 240.90 294.40 Td (proposal, ) Tj ET Q q 0 0 0 rg BT 276.18 294.40 Td (public ) Tj ET Q q 0 0 0 rg BT 300.71 294.40 Td (entities ) Tj ET Q q 0 0 0 rg BT 328.73 294.40 Td (would ) Tj ET Q q 0 0 0 rg BT 353.27 294.40 Td (need ) Tj ET Q q 0 0 0 rg BT 372.29 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 381.32 294.40 Td (apply ) Tj ET Q q 0 0 0 rg BT 403.35 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 416.38 294.40 Td (new ) Tj ET Q q 0 0 0 rg BT 433.40 294.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 467.92 294.40 Td (for ) Tj ET Q q 0 0 0 rg BT 480.45 294.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 506.47 294.40 Td (and ) Tj ET Q q 0 0 0 rg BT 521.50 294.40 Td (interim ) Tj ET Q q 0 0 0 rg BT 549.52 294.40 Td (periods ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 283.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 74.33 283.60 Td (after ) Tj ET Q q 0 0 0 rg BT 93.15 283.60 Td (December ) Tj ET Q q 0 0 0 rg BT 132.46 283.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 146.04 283.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 168.63 283.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.96 283.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.29 283.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 205.62 283.60 Td (be ) Tj ET Q q 0 0 0 rg BT 216.45 283.60 Td (applied, ) Tj ET Q q 0 0 0 rg BT 247.53 283.60 Td (at ) Tj ET Q q 0 0 0 rg BT 256.36 283.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.69 283.60 Td (Company) Tj ET Q q 0 0 0 rg BT 307.19 283.60 Td (s ) Tj ET Q q 0 0 0 rg BT 313.02 283.60 Td (option, ) Tj ET Q q 0 0 0 rg BT 340.61 283.60 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 396.42 283.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.75 283.60 Td (each ) Tj ET Q q 0 0 0 rg BT 424.57 283.60 Td (period ) Tj ET Q q 0 0 0 rg BT 449.90 283.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 486.72 283.60 Td (or ) Tj ET Q q 0 0 0 rg BT 496.55 283.60 Td (as ) Tj ET Q q 0 0 0 rg BT 506.38 283.60 Td (a ) Tj ET Q q 0 0 0 rg BT 512.71 283.60 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 562.52 283.60 Td (fect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 272.80 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 77.55 272.80 Td (as ) Tj ET Q q 0 0 0 rg BT 87.11 272.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.67 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 109.73 272.80 Td (date ) Tj ET Q q 0 0 0 rg BT 126.78 272.80 Td (of ) Tj ET Q q 0 0 0 rg BT 136.34 272.80 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 172.14 272.80 Td ( ) Tj ET Q q 0 0 0 rg BT 174.20 272.80 Td (Early ) Tj ET Q q 0 0 0 rg BT 195.75 272.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 229.31 272.80 Td (is ) Tj ET Q q 0 0 0 rg BT 237.38 272.80 Td (not ) Tj ET Q q 0 0 0 rg BT 250.94 272.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 287.49 272.80 Td (until ) Tj ET Q q 0 0 0 rg BT 306.05 272.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 334.60 272.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 372.66 272.80 Td (after ) Tj ET Q q 0 0 0 rg BT 391.21 272.80 Td (December ) Tj ET Q q 0 0 0 rg BT 430.24 272.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 443.55 272.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 465.72 272.80 Td (The ) Tj ET Q q 0 0 0 rg BT 481.77 272.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.83 272.80 Td (is ) Tj ET Q q 0 0 0 rg BT 526.89 272.80 Td (in ) Tj ET Q q 0 0 0 rg BT 535.95 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 549.01 272.80 Td (process ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 262.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 85.48 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 98.73 262.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 125.47 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 135.22 262.00 Td (this ) Tj ET Q q 0 0 0 rg BT 150.47 262.00 Td (updated ) Tj ET Q q 0 0 0 rg BT 181.21 262.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 213.95 262.00 Td (on ) Tj ET Q q 0 0 0 rg BT 225.20 262.00 Td (its ) Tj ET Q q 0 0 0 rg BT 235.95 262.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 283.69 262.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.42 262.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 357.66 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 372.91 262.00 Td (related ) Tj ET Q q 0 0 0 rg BT 399.64 262.00 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 234.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.11 234.40 Td (August ) Tj ET Q q 0 0 0 rg BT 73.18 234.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 95.50 234.40 Td (the ) Tj ET Q q 0 0 0 rg BT 108.56 234.40 Td (F) Tj ET Q q 0 0 0 rg BT 112.90 234.40 Td (ASB ) Tj ET Q q 0 0 0 rg BT 132.48 234.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 156.59 234.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 176.66 234.40 Td (2014-15, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.98 234.40 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 245.65 234.40 Td (e ) Tj ET Q q 0 0 0 rg BT 251.71 234.40 Td (of ) Tj ET Q q 0 0 0 rg BT 260.78 234.40 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 311.84 234.40 Td (about ) Tj ET Q q 0 0 0 rg BT 334.41 234.40 Td (an ) Tj ET Q q 0 0 0 rg BT 345.48 234.40 Td (Entity) Tj ET Q q 0 0 0 rg BT 368.81 234.40 Td (s ) Tj ET Q q 0 0 0 rg BT 374.23 234.40 Td (Ability ) Tj ET Q q 0 0 0 rg BT 400.29 234.40 Td (to ) Tj ET Q q 0 0 0 rg BT 409.36 234.40 Td (Continue ) Tj ET Q q 0 0 0 rg BT 444.43 234.40 Td (as ) Tj ET Q q 0 0 0 rg BT 454.50 234.40 Td (a ) Tj ET Q q 0 0 0 rg BT 461.07 234.40 Td (Going ) Tj ET Q q 0 0 0 rg BT 485.64 234.40 Td (Concern) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.63 234.40 Td (, ) Tj ET Q q 0 0 0 rg BT 520.95 234.40 Td (which ) Tj ET Q q 0 0 0 rg BT 545.02 234.40 Td (provides ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 223.60 Td (new ) Tj ET Q q 0 0 0 rg BT 52.75 223.60 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 99.99 223.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 134.24 223.60 Td (with ) Tj ET Q q 0 0 0 rg BT 151.99 223.60 Td (regards ) Tj ET Q q 0 0 0 rg BT 180.24 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.00 223.60 Td (management's ) Tj ET Q q 0 0 0 rg BT 241.86 223.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 292.61 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.37 223.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 325.13 223.60 Td (an ) Tj ET Q q 0 0 0 rg BT 335.38 223.60 Td (entity's ) Tj ET Q q 0 0 0 rg BT 362.76 223.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 387.51 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.27 223.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 429.02 223.60 Td (as ) Tj ET Q q 0 0 0 rg BT 438.28 223.60 Td (a ) Tj ET Q q 0 0 0 rg BT 444.03 223.60 Td (going ) Tj ET Q q 0 0 0 rg BT 466.29 223.60 Td (concern, ) Tj ET Q q 0 0 0 rg BT 498.77 223.60 Td (and ) Tj ET Q q 0 0 0 rg BT 513.53 223.60 Td (to ) Tj ET Q q 0 0 0 rg BT 522.29 223.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 551.54 223.60 Td (related ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 212.80 Td (footnote ) Tj ET Q q 0 0 0 rg BT 69.10 212.80 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 112.19 212.80 Td (in ) Tj ET Q q 0 0 0 rg BT 122.30 212.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 149.88 212.80 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 205.98 212.80 Td (The ) Tj ET Q q 0 0 0 rg BT 222.40 212.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 243.50 212.80 Td (will ) Tj ET Q q 0 0 0 rg BT 260.61 212.80 Td (be ) Tj ET Q q 0 0 0 rg BT 272.20 212.80 Td (ef) Tj ET Q q 0 0 0 rg BT 279.03 212.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 306.62 212.80 Td (for ) Tj ET Q q 0 0 0 rg BT 320.21 212.80 Td (all ) Tj ET Q q 0 0 0 rg BT 332.31 212.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 361.41 212.80 Td (in ) Tj ET Q q 0 0 0 rg BT 371.51 212.80 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 212.80 Td (first ) Tj ET Q q 0 0 0 rg BT 403.21 212.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 430.30 212.80 Td (period ) Tj ET Q q 0 0 0 rg BT 456.40 212.80 Td (ending ) Tj ET Q q 0 0 0 rg BT 483.99 212.80 Td (after ) Tj ET Q q 0 0 0 rg BT 503.58 212.80 Td (December ) Tj ET Q q 0 0 0 rg BT 543.66 212.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 558.01 212.80 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 202.00 Td (\(December ) Tj ET Q q 0 0 0 rg BT 78.74 202.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 92.75 202.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 113.51 202.00 Td (for ) Tj ET Q q 0 0 0 rg BT 126.77 202.00 Td (calendar ) Tj ET Q q 0 0 0 rg BT 160.01 202.00 Td (year) Tj ET Q q 0 0 0 rg BT 175.31 202.00 Td (-end ) Tj ET Q q 0 0 0 rg BT 194.07 202.00 Td (entities\) ) Tj ET Q q 0 0 0 rg BT 225.82 202.00 Td (and ) Tj ET Q q 0 0 0 rg BT 241.58 202.00 Td (early ) Tj ET Q q 0 0 0 rg BT 262.33 202.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 296.59 202.00 Td (is ) Tj ET Q q 0 0 0 rg BT 305.36 202.00 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 344.66 202.00 Td (The ) Tj ET Q q 0 0 0 rg BT 361.41 202.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.17 202.00 Td (is ) Tj ET Q q 0 0 0 rg BT 407.94 202.00 Td (in ) Tj ET Q q 0 0 0 rg BT 417.70 202.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.46 202.00 Td (process ) Tj ET Q q 0 0 0 rg BT 461.22 202.00 Td (of ) Tj ET Q q 0 0 0 rg BT 471.48 202.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 511.73 202.00 Td (the ) Tj ET Q q 0 0 0 rg BT 525.48 202.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 552.74 202.00 Td (of ) Tj ET Q q 0 0 0 rg BT 563.00 202.00 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 191.20 Td (updated ) Tj ET Q q 0 0 0 rg BT 66.74 191.20 Td (standard ) Tj ET Q q 0 0 0 rg BT 99.48 191.20 Td (on ) Tj ET Q q 0 0 0 rg BT 110.73 191.20 Td (its ) Tj ET Q q 0 0 0 rg BT 121.48 191.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 169.22 191.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 202.95 191.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 243.19 191.20 Td (and ) Tj ET Q q 0 0 0 rg BT 258.44 191.20 Td (related ) Tj ET Q q 0 0 0 rg BT 285.17 191.20 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 163.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.07 163.60 Td (February ) Tj ET Q q 0 0 0 rg BT 79.14 163.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 100.97 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.54 163.60 Td (F) Tj ET Q q 0 0 0 rg BT 117.88 163.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 136.96 163.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 160.69 163.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 180.27 163.60 Td (2016-02, ) Tj ET Q q 0 0 0 rg BT 214.09 163.60 Td (Leases ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.16 163.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 247.33 163.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 264.40 163.60 Td (842\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.90 163.60 Td (. ) Tj ET Q q 0 0 0 rg BT 284.61 163.60 Td (The ) Tj ET Q q 0 0 0 rg BT 300.18 163.60 Td (update ) Tj ET Q q 0 0 0 rg BT 325.75 163.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 356.31 163.60 Td (lessees ) Tj ET Q q 0 0 0 rg BT 382.88 163.60 Td (to ) Tj ET Q q 0 0 0 rg BT 391.46 163.60 Td (put ) Tj ET Q q 0 0 0 rg BT 404.53 163.60 Td (most ) Tj ET Q q 0 0 0 rg BT 423.61 163.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 446.68 163.60 Td (on ) Tj ET Q q 0 0 0 rg BT 457.26 163.60 Td (their ) Tj ET Q q 0 0 0 rg BT 475.33 163.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 504.38 163.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 527.95 163.60 Td (but ) Tj ET Q q 0 0 0 rg BT 541.03 163.60 Td (recognize ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 71.23 152.80 Td (on ) Tj ET Q q 0 0 0 rg BT 82.98 152.80 Td (their ) Tj ET Q q 0 0 0 rg BT 102.22 152.80 Td (income ) Tj ET Q q 0 0 0 rg BT 131.45 152.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 172.19 152.80 Td (in ) Tj ET Q q 0 0 0 rg BT 181.94 152.80 Td (a ) Tj ET Q q 0 0 0 rg BT 188.68 152.80 Td (manner ) Tj ET Q q 0 0 0 rg BT 218.41 152.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 246.15 152.80 Td (to ) Tj ET Q q 0 0 0 rg BT 255.90 152.80 Td (today) Tj ET Q q 0 0 0 rg BT 278.39 152.80 Td (s ) Tj ET Q q 0 0 0 rg BT 284.64 152.80 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 329.12 152.80 Td (For ) Tj ET Q q 0 0 0 rg BT 344.37 152.80 Td (lessors, ) Tj ET Q q 0 0 0 rg BT 373.86 152.80 Td (the ) Tj ET Q q 0 0 0 rg BT 387.60 152.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 422.83 152.80 Td (modifies ) Tj ET Q q 0 0 0 rg BT 457.08 152.80 Td (the ) Tj ET Q q 0 0 0 rg BT 470.82 152.80 Td (classification ) Tj ET Q q 0 0 0 rg BT 521.05 152.80 Td (criteria ) Tj ET Q q 0 0 0 rg BT 549.27 152.80 Td (and ) Tj ET Q q 0 0 0 rg BT 565.01 152.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 142.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 77.04 142.00 Td (for ) Tj ET Q q 0 0 0 rg BT 89.10 142.00 Td (sales-type ) Tj ET Q q 0 0 0 rg BT 126.64 142.00 Td (and ) Tj ET Q q 0 0 0 rg BT 141.20 142.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 163.24 142.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 198.79 142.00 Td (leases. ) Tj ET Q q 0 0 0 rg BT 223.98 142.00 Td (The ) Tj ET Q q 0 0 0 rg BT 239.53 142.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 273.57 142.00 Td (will ) Tj ET Q q 0 0 0 rg BT 289.13 142.00 Td (be ) Tj ET Q q 0 0 0 rg BT 299.18 142.00 Td (ef) Tj ET Q q 0 0 0 rg BT 306.01 142.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 332.05 142.00 Td (for ) Tj ET Q q 0 0 0 rg BT 344.11 142.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 365.16 142.00 Td (years ) Tj ET Q q 0 0 0 rg BT 385.70 142.00 Td (beginning ) Tj ET Q q 0 0 0 rg BT 423.26 142.00 Td (after ) Tj ET Q q 0 0 0 rg BT 441.30 142.00 Td (December ) Tj ET Q q 0 0 0 rg BT 479.84 142.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 492.65 142.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 514.45 142.00 Td (including ) Tj ET Q q 0 0 0 rg BT 550.01 142.00 Td (interim ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 64.96 131.20 Td (within ) Tj ET Q q 0 0 0 rg BT 90.42 131.20 Td (those ) Tj ET Q q 0 0 0 rg BT 111.88 131.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 133.83 131.20 Td (years ) Tj ET Q q 0 0 0 rg BT 155.28 131.20 Td (and ) Tj ET Q q 0 0 0 rg BT 170.73 131.20 Td (early ) 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Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 720.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 63.12 720.45 Td (Y) Tj ET Q q 0 0 0 rg BT 69.24 720.45 Td (ear) Tj ET Q q 0 0 0 rg BT 82.93 720.45 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.73 720.45 Td (December) Tj ET Q q 0 0 0 rg BT 158.85 720.45 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.35 720.45 Td ( compar) Tj ET Q q 0 0 0 rg BT 231.44 720.45 Td (ed to Fiscal ) Tj ET Q q 0 0 0 rg BT 281.89 720.45 Td (Y) Tj ET Q q 0 0 0 rg BT 288.01 720.45 Td (ear) Tj ET Q q 0 0 0 rg BT 301.70 720.45 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 720.45 Td (December) Tj ET Q q 0 0 0 rg BT 377.62 720.45 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.12 720.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.65 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 706.65 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 706.65 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 706.65 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.98 706.65 Td (forth ) Tj ET Q q 0 0 0 rg BT 144.73 706.65 Td (our ) Tj ET Q q 0 0 0 rg BT 158.97 706.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.21 706.65 Td (results ) Tj ET Q q 0 0 0 rg BT 220.96 706.65 Td (for ) Tj ET Q q 0 0 0 rg BT 233.70 706.65 Td (the ) Tj ET Q q 0 0 0 rg BT 246.95 706.65 Td (years ) Tj ET Q q 0 0 0 rg BT 268.19 706.65 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.92 706.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 344.65 706.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.65 706.65 Td ( ) Tj ET Q q 0 0 0 rg BT 364.90 706.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.14 706.65 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.14 706.65 Td (.) 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501.5 535.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 549.15 m 576.5 549.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 535.15 m 576.5 535.15 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 665.60 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.95 683.60 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.30 674.60 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 665.60 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 683.60 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.30 674.60 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.50 665.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 651.61 Td (Total operating revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 651.61 Td (747.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 651.61 Td (1,263.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 637.61 Td (Loss on disposal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 637.61 Td (\(82.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 637.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 637.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 623.61 Td (Total operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 623.61 Td (\(568.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 623.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 623.61 Td (\(1,380.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 623.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 609.61 Td (Operating \(loss\)/income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 609.60 Td (97.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 609.60 Td (\(116.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 609.60 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 595.61 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 595.61 Td (\(97.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 595.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 595.61 Td (\(103.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 595.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 581.61 Td (Other financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 581.61 Td (\(34.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 581.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 581.61 Td (\(70.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 581.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 567.61 Td (Income/\(loss\) before taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.25 567.60 Td (\(34.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 567.60 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 567.60 Td (\(290.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 567.60 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 553.61 Td (Income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 553.61 Td (\(44.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 553.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 553.61 Td (\(29.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 553.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 539.61 Td (Net income/\(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.25 539.60 Td (\(78.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 539.60 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 539.60 Td (\(320.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 539.60 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 508.05 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 508.05 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.92 508.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.68 508.05 Td (revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 494.25 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 494.25 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 494.25 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 494.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.98 494.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 144.73 494.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.97 494.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.21 494.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 229.44 494.25 Td (for ) Tj ET Q q 0 0 0 rg BT 242.19 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.43 494.25 Td (years ) Tj ET Q q 0 0 0 rg BT 276.67 494.25 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.41 494.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 353.14 494.25 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.14 494.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.39 494.25 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.63 494.25 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.63 494.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 448.75 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 448.75 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 448.75 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 448.75 73.00 -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 36.5 448.75 m 359.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 448.75 m 431.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 448.75 m 503.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 448.75 m 576.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 448.75 m 431.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 434.75 m 431.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 448.75 m 503.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 434.75 m 503.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 448.75 m 576.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 434.75 m 576.5 434.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 453.20 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.45 471.20 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.80 462.20 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 453.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 471.20 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 462.20 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 453.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.30 453.20 Td (Decrease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 439.21 Td (Total operating revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.75 439.21 Td (747.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 439.21 Td (1,263.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.75 439.21 Td (\(40.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 439.21 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.65 Td (T) Tj ET Q q 0 0 0 rg BT 40.87 407.65 Td (otal ) Tj ET Q q 0 0 0 rg BT 57.00 407.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 93.63 407.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.26 407.65 Td (for ) Tj ET Q q 0 0 0 rg BT 141.39 407.65 Td (the ) Tj ET Q q 0 0 0 rg BT 155.03 407.65 Td (year ) Tj ET Q q 0 0 0 rg BT 173.15 407.65 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.28 407.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 250.40 407.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.40 407.65 Td ( ) Tj ET Q q 0 0 0 rg BT 271.04 407.65 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.67 407.65 Td ($747.7 ) Tj ET Q q 0 0 0 rg BT 315.06 407.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.07 407.65 Td (, ) Tj ET Q q 0 0 0 rg BT 345.96 407.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 384.08 407.65 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.72 407.65 Td ($1,263.7 ) Tj ET Q q 0 0 0 rg BT 427.86 407.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.86 407.65 Td ( ) Tj ET Q q 0 0 0 rg BT 456.50 407.65 Td (for ) Tj ET Q q 0 0 0 rg BT 469.64 407.65 Td (the ) Tj ET Q q 0 0 0 rg BT 483.27 407.65 Td (year ) Tj ET Q q 0 0 0 rg BT 501.40 407.65 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.53 407.65 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 396.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 396.85 Td (. ) Tj ET Q q 0 0 0 rg BT 58.38 396.85 Td ( ) Tj ET Q q 0 0 0 rg BT 60.36 396.85 Td (T) Tj ET Q q 0 0 0 rg BT 65.23 396.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 80.86 396.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.98 396.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 151.09 396.85 Td (are ) Tj ET Q q 0 0 0 rg BT 164.21 396.85 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 218.83 396.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 249.95 396.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 284.06 396.85 Td (with ) Tj ET Q q 0 0 0 rg BT 302.20 396.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 340.32 396.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 372.95 396.85 Td (of ) Tj ET Q q 0 0 0 rg BT 382.58 396.85 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 431.69 396.85 Td (and ) Tj ET Q q 0 0 0 rg BT 446.82 396.85 Td (related ) Tj ET Q q 0 0 0 rg BT 473.43 396.85 Td (party ) Tj ET Q q 0 0 0 rg BT 494.06 396.85 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 526.92 396.85 Td ( ) Tj ET Q q 0 0 0 rg BT 528.90 396.85 Td (The ) Tj ET Q q 0 0 0 rg BT 545.02 396.85 Td (decrease ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 386.05 Td (in ) Tj ET Q q 0 0 0 rg BT 44.64 386.05 Td (total ) Tj ET Q q 0 0 0 rg BT 62.27 386.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 97.89 386.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 131.51 386.05 Td (was ) Tj ET Q q 0 0 0 rg BT 147.14 386.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 182.26 386.05 Td (due ) Tj ET Q q 0 0 0 rg BT 196.89 386.05 Td (to ) Tj ET Q q 0 0 0 rg BT 205.53 386.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.16 386.05 Td (W) Tj ET Q q 0 0 0 rg BT 224.83 386.05 Td (est ) Tj ET Q q 0 0 0 rg BT 236.46 386.05 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.96 386.05 Td ( ) Tj ET Q q 0 0 0 rg BT 274.60 386.05 Td (finishing ) Tj ET Q q 0 0 0 rg BT 308.23 386.05 Td (its ) Tj ET Q q 0 0 0 rg BT 318.37 386.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 348.99 386.05 Td (in ) Tj ET Q q 0 0 0 rg BT 357.62 386.05 Td (January ) Tj ET Q q 0 0 0 rg BT 387.25 386.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 409.13 386.05 Td (which ) Tj ET Q q 0 0 0 rg BT 432.76 386.05 Td (has ) Tj ET Q q 0 0 0 rg BT 446.39 386.05 Td (contributed ) Tj ET Q q 0 0 0 rg BT 489.01 386.05 Td (to ) Tj ET Q q 0 0 0 rg BT 497.65 386.05 Td (approximately ) Tj ET Q q 0 0 0 rg BT 551.27 386.05 Td ($244.3 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 375.25 Td (million ) Tj ET Q q 0 0 0 rg BT 64.45 375.25 Td (of ) Tj ET Q q 0 0 0 rg BT 74.39 375.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.83 375.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 121.25 375.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.20 375.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 169.13 375.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.57 375.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 201.09 375.25 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.53 375.25 Td (W) Tj ET Q q 0 0 0 rg BT 224.20 375.25 Td (est ) Tj ET Q q 0 0 0 rg BT 236.65 375.25 Td (V) Tj ET Q q 0 0 0 rg BT 241.15 375.25 Td (entur) Tj ET Q q 0 0 0 rg BT 259.81 375.25 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.81 375.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.25 375.25 Td (also ) Tj ET Q q 0 0 0 rg BT 283.20 375.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 307.13 375.25 Td (its ) Tj ET Q q 0 0 0 rg BT 318.08 375.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 349.51 375.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.42 375.25 Td (August ) Tj ET Q q 0 0 0 rg BT 386.87 375.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 409.57 375.25 Td (which ) Tj ET Q q 0 0 0 rg BT 434.01 375.25 Td (has ) Tj ET Q q 0 0 0 rg BT 448.45 375.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 491.89 375.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.33 375.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 555.76 375.25 Td ($53.9 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 364.45 Td (million ) Tj ET Q q 0 0 0 rg BT 64.15 364.45 Td (of ) Tj ET Q q 0 0 0 rg BT 73.79 364.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.94 364.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 120.06 364.45 Td (as ) Tj ET Q q 0 0 0 rg BT 129.70 364.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 167.33 364.45 Td (to ) Tj ET Q q 0 0 0 rg BT 176.48 364.45 Td (2014. ) Tj ET Q q 0 0 0 rg BT 198.87 364.45 Td ( ) Tj ET Q q 0 0 0 rg BT 201.02 364.45 Td (Lower ) Tj ET Q q 0 0 0 rg BT 226.65 364.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.79 364.45 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 294.92 364.45 Td (on ) Tj ET Q q 0 0 0 rg BT 306.07 364.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.21 364.45 Td (W) Tj ET Q q 0 0 0 rg BT 325.88 364.45 Td (est ) Tj ET Q q 0 0 0 rg BT 338.02 364.45 Td (Phoenix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.51 364.45 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.91 364.45 Td (W) Tj ET Q q 0 0 0 rg BT 378.58 364.45 Td (est ) Tj ET Q q 0 0 0 rg BT 390.72 364.45 Td (Epsilon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.23 364.45 Td ( ) Tj ET Q q 0 0 0 rg BT 420.37 364.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.51 364.45 Td (W) Tj ET Q q 0 0 0 rg BT 442.18 364.45 Td (est ) Tj ET Q q 0 0 0 rg BT 454.33 364.45 Td (Elara) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.83 364.45 Td ( ) Tj ET Q q 0 0 0 rg BT 476.98 364.45 Td (contributed ) Tj ET Q q 0 0 0 rg BT 520.11 364.45 Td (to ) Tj ET Q q 0 0 0 rg BT 529.26 364.45 Td (a ) Tj ET Q q 0 0 0 rg BT 535.40 364.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 568.52 364.45 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 353.65 Td (approximately ) Tj ET Q q 0 0 0 rg BT 90.41 353.65 Td ($46.5 ) Tj ET Q q 0 0 0 rg BT 113.08 353.65 Td (million, ) Tj ET Q q 0 0 0 rg BT 143.75 353.65 Td ($20.1 ) Tj ET Q q 0 0 0 rg BT 166.42 353.65 Td (million ) Tj ET Q q 0 0 0 rg BT 194.85 353.65 Td (and ) Tj ET Q q 0 0 0 rg BT 210.27 353.65 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 232.94 353.65 Td (million ) Tj ET Q q 0 0 0 rg BT 261.36 353.65 Td (respectively ) Tj ET Q q 0 0 0 rg BT 307.27 353.65 Td (as ) Tj ET Q q 0 0 0 rg BT 317.19 353.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 355.09 353.65 Td (to ) Tj ET Q q 0 0 0 rg BT 364.51 353.65 Td (2014. ) Tj ET Q q 0 0 0 rg BT 387.18 353.65 Td (In ) Tj ET Q q 0 0 0 rg BT 397.10 353.65 Td (addition, ) Tj ET Q q 0 0 0 rg BT 431.27 353.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 454.19 353.65 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 503.59 353.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 534.49 353.65 Td (on ) Tj ET Q q 0 0 0 rg BT 545.92 353.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.33 353.65 Td (W) Tj ET Q q 0 0 0 rg BT 566.00 353.65 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 342.85 Td (Alpha) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 342.85 Td ( ) Tj ET Q q 0 0 0 rg BT 59.95 342.85 Td (contributed ) Tj ET Q q 0 0 0 rg BT 103.39 342.85 Td (to ) Tj ET Q q 0 0 0 rg BT 112.84 342.85 Td (a ) Tj ET Q q 0 0 0 rg BT 119.28 342.85 Td (fall ) Tj ET Q q 0 0 0 rg BT 133.72 342.85 Td (of ) Tj ET Q q 0 0 0 rg BT 143.67 342.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 198.10 342.85 Td ($97.3 ) Tj ET Q q 0 0 0 rg BT 220.81 342.85 Td (million ) Tj ET Q q 0 0 0 rg BT 249.26 342.85 Td (as ) Tj ET Q q 0 0 0 rg BT 259.21 342.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 297.14 342.85 Td (to ) Tj ET Q q 0 0 0 rg BT 306.59 342.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 329.29 342.85 Td (due ) Tj ET Q q 0 0 0 rg BT 344.73 342.85 Td (to ) Tj ET Q q 0 0 0 rg BT 354.18 342.85 Td (completion ) Tj ET Q q 0 0 0 rg BT 397.12 342.85 Td (of ) Tj ET Q q 0 0 0 rg BT 407.07 342.85 Td (winterization ) Tj ET Q q 0 0 0 rg BT 457.00 342.85 Td (projects ) Tj ET Q q 0 0 0 rg BT 487.94 342.85 Td (for ) Tj ET Q q 0 0 0 rg BT 500.89 342.85 Td (Kara ) Tj ET Q q 0 0 0 rg BT 520.83 342.85 Td (Sea ) Tj ET Q q 0 0 0 rg BT 536.27 342.85 Td (operations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.05 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.31 332.05 Td (W) Tj ET Q q 0 0 0 rg BT 58.98 332.05 Td (est ) Tj ET Q q 0 0 0 rg BT 71.30 332.05 Td (Elara) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.80 332.05 Td ( ) Tj ET Q q 0 0 0 rg BT 94.12 332.05 Td (also ) Tj ET Q q 0 0 0 rg BT 110.94 332.05 Td (had ) Tj ET Q q 0 0 0 rg BT 126.25 332.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 149.06 332.05 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 198.36 332.05 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 231.41 332.05 Td (contributing ) Tj ET Q q 0 0 0 rg BT 277.73 332.05 Td (to ) Tj ET Q q 0 0 0 rg BT 287.05 332.05 Td (a ) Tj ET Q q 0 0 0 rg BT 293.36 332.05 Td (fall ) Tj ET Q q 0 0 0 rg BT 307.67 332.05 Td (of ) Tj ET Q q 0 0 0 rg BT 317.49 332.05 Td (approximately ) Tj ET Q q 0 0 0 rg BT 371.79 332.05 Td ($20.3 ) Tj ET Q q 0 0 0 rg BT 394.36 332.05 Td (million ) Tj ET Q q 0 0 0 rg BT 422.68 332.05 Td (as ) Tj ET Q q 0 0 0 rg BT 432.50 332.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 470.30 332.05 Td (to ) Tj ET Q q 0 0 0 rg BT 479.62 332.05 Td (2014. ) Tj ET Q q 0 0 0 rg BT 502.19 332.05 Td ( ) Tj ET Q q 0 0 0 rg BT 504.51 332.05 Td ( ) Tj ET Q q 0 0 0 rg BT 506.83 332.05 Td (In ) Tj ET Q q 0 0 0 rg BT 516.64 332.05 Td (2014, ) Tj ET Q q 0 0 0 rg BT 539.21 332.05 Td (we ) Tj ET Q q 0 0 0 rg BT 552.03 332.05 Td (earned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 321.25 Td (related ) Tj ET Q q 0 0 0 rg BT 63.03 321.25 Td (party ) Tj ET Q q 0 0 0 rg BT 84.06 321.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 118.59 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.64 321.25 Td ($44.0 ) Tj ET Q q 0 0 0 rg BT 151.43 321.25 Td (million ) Tj ET Q q 0 0 0 rg BT 179.98 321.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 210.01 321.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.56 321.25 Td (our ) Tj ET Q q 0 0 0 rg BT 234.10 321.25 Td (management ) Tj ET Q q 0 0 0 rg BT 282.63 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.67 321.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.21 321.25 Td (W) Tj ET Q q 0 0 0 rg BT 312.88 321.25 Td (est ) Tj ET Q q 0 0 0 rg BT 325.42 321.25 Td (Her) Tj ET Q q 0 0 0 rg BT 339.09 321.25 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.58 321.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.12 321.25 Td (on ) Tj ET Q q 0 0 0 rg BT 371.67 321.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 396.70 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.74 321.25 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 439.53 321.25 Td (No ) Tj ET Q q 0 0 0 rg BT 453.08 321.25 Td (such ) Tj ET Q q 0 0 0 rg BT 472.12 321.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 503.15 321.25 Td (was ) Tj ET Q q 0 0 0 rg BT 519.69 321.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 546.21 321.25 Td (in ) Tj ET Q q 0 0 0 rg BT 555.76 321.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 578.26 321.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 310.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.56 310.45 Td (fall ) Tj ET Q q 0 0 0 rg BT 67.13 310.45 Td (in ) Tj ET Q q 0 0 0 rg BT 76.70 310.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 107.75 310.45 Td (was ) Tj ET Q q 0 0 0 rg BT 124.32 310.45 Td (partly ) Tj ET Q q 0 0 0 rg BT 147.89 310.45 Td (of) Tj ET Q q 0 0 0 rg BT 155.22 310.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 170.79 310.45 Td (by ) Tj ET Q q 0 0 0 rg BT 182.36 310.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.93 310.45 Td (W) Tj ET Q q 0 0 0 rg BT 202.60 310.45 Td (est ) Tj ET Q q 0 0 0 rg BT 215.17 310.45 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.17 310.45 Td (, ) Tj ET Q q 0 0 0 rg BT 240.00 310.45 Td (which ) Tj ET Q q 0 0 0 rg BT 264.56 310.45 Td (commenced ) Tj ET Q q 0 0 0 rg BT 310.61 310.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.68 310.45 Td (in ) Tj ET Q q 0 0 0 rg BT 360.25 310.45 Td (May ) Tj ET Q q 0 0 0 rg BT 379.32 310.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 402.14 310.45 Td (and ) Tj ET Q q 0 0 0 rg BT 417.70 310.45 Td (contributed ) Tj ET Q q 0 0 0 rg BT 461.26 310.45 Td (to ) Tj ET Q q 0 0 0 rg BT 470.84 310.45 Td (an ) Tj ET Q q 0 0 0 rg BT 481.90 310.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 513.95 310.45 Td (of ) Tj ET Q q 0 0 0 rg BT 524.02 310.45 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 299.65 Td ($44.6 ) Tj ET Q q 0 0 0 rg BT 58.58 299.65 Td (million ) Tj ET Q q 0 0 0 rg BT 86.92 299.65 Td (in ) Tj ET Q q 0 0 0 rg BT 96.25 299.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 130.57 299.65 Td (for ) Tj ET Q q 0 0 0 rg BT 143.40 299.65 Td (the ) Tj ET Q q 0 0 0 rg BT 156.73 299.65 Td (year ) Tj ET Q q 0 0 0 rg BT 174.55 299.65 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.37 299.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.18 299.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.18 299.65 Td ( ) Tj ET Q q 0 0 0 rg BT 271.51 299.65 Td (as ) Tj ET Q q 0 0 0 rg BT 281.34 299.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 319.16 299.65 Td (to ) Tj ET Q q 0 0 0 rg BT 328.49 299.65 Td (2014. ) Tj ET Q q 0 0 0 rg BT 350.91 299.65 Td (The ) Tj ET Q q 0 0 0 rg BT 367.23 299.65 Td (remaining ) Tj ET Q q 0 0 0 rg BT 406.05 299.65 Td (movements ) Tj ET Q q 0 0 0 rg BT 449.88 299.65 Td (relate ) Tj ET Q q 0 0 0 rg BT 472.20 299.65 Td (to ) Tj ET Q q 0 0 0 rg BT 481.53 299.65 Td (variations ) Tj ET Q q 0 0 0 rg BT 519.35 299.65 Td (in ) Tj ET Q q 0 0 0 rg BT 528.69 299.65 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 299.65 Td (operating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 288.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 83.72 288.85 Td (of ) Tj ET Q q 0 0 0 rg BT 93.47 288.85 Td (the ) Tj ET Q q 0 0 0 rg BT 106.71 288.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 135.46 288.85 Td (units. ) Tj ET Q q 0 0 0 rg BT 157.46 288.85 Td ( ) Tj ET Q q 0 0 0 rg BT 159.71 288.85 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 261.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 55.25 261.25 Td (on ) Tj ET Q q 0 0 0 rg BT 67.01 261.25 Td (disposals) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 247.45 Td (As ) Tj ET Q q 0 0 0 rg BT 48.01 247.45 Td (a ) Tj ET Q q 0 0 0 rg BT 54.02 247.45 Td (result ) Tj ET Q q 0 0 0 rg BT 76.02 247.45 Td (of ) Tj ET Q q 0 0 0 rg BT 85.53 247.45 Td (the ) Tj ET Q q 0 0 0 rg BT 98.53 247.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 138.02 247.45 Td (with ) Tj ET Q q 0 0 0 rg BT 156.03 247.45 Td (Jurong, ) Tj ET Q q 0 0 0 rg BT 184.78 247.45 Td (we ) Tj ET Q q 0 0 0 rg BT 197.29 247.45 Td (have ) Tj ET Q q 0 0 0 rg BT 216.29 247.45 Td (concluded ) Tj ET Q q 0 0 0 rg BT 255.28 247.45 Td (that ) Tj ET Q q 0 0 0 rg BT 270.79 247.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.79 247.45 Td (W) Tj ET Q q 0 0 0 rg BT 290.46 247.45 Td (est ) Tj ET Q q 0 0 0 rg BT 302.47 247.45 Td (Rigel ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.47 247.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 351.98 247.45 Td (unit ) Tj ET Q q 0 0 0 rg BT 367.99 247.45 Td (should ) Tj ET Q q 0 0 0 rg BT 394.00 247.45 Td (be ) Tj ET Q q 0 0 0 rg BT 404.50 247.45 Td (classified ) Tj ET Q q 0 0 0 rg BT 440.50 247.45 Td (as ) Tj ET Q q 0 0 0 rg BT 450.01 247.45 Td (Held ) Tj ET Q q 0 0 0 rg BT 473.51 247.45 Td (for ) Tj ET Q q 0 0 0 rg BT 486.01 247.45 Td (Sale ) Tj ET Q q 0 0 0 rg BT 507.51 247.45 Td (as ) Tj ET Q q 0 0 0 rg BT 517.01 247.45 Td (at ) Tj ET Q q 0 0 0 rg BT 525.52 247.45 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 58.76 236.65 Td (and ) Tj ET Q q 0 0 0 rg BT 74.27 236.65 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 119.26 236.65 Td (we ) Tj ET Q q 0 0 0 rg BT 132.27 236.65 Td (have ) Tj ET Q q 0 0 0 rg BT 151.77 236.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 193.76 236.65 Td (an ) Tj ET Q q 0 0 0 rg BT 204.77 236.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 248.77 236.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 265.29 236.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.30 236.65 Td ($82 ) Tj ET Q q 0 0 0 rg BT 291.31 236.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.31 236.65 Td (. ) Tj ET Q q 0 0 0 rg BT 322.08 236.65 Td (Refer ) Tj ET Q q 0 0 0 rg BT 344.58 236.65 Td (to ) Tj ET Q q 0 0 0 rg BT 354.09 236.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 374.10 236.65 Td (12 ) Tj ET Q q 0 0 0 rg BT 385.61 236.65 Td (- ) Tj ET Q q 0 0 0 rg BT 391.12 236.65 Td ("Asset ) Tj ET Q q 0 0 0 rg BT 417.30 236.65 Td (held ) Tj ET Q q 0 0 0 rg BT 435.31 236.65 Td (for ) Tj ET Q q 0 0 0 rg BT 448.32 236.65 Td (sale" ) Tj ET Q q 0 0 0 rg BT 468.50 236.65 Td (to ) Tj ET Q q 0 0 0 rg BT 478.01 236.65 Td (our ) Tj ET Q q 0 0 0 rg BT 492.52 236.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 542.53 236.65 Td (Financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 225.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 77.74 225.85 Td (included ) Tj ET Q q 0 0 0 rg BT 110.98 225.85 Td (herein ) Tj ET Q q 0 0 0 rg BT 135.72 225.85 Td (for ) Tj ET Q q 0 0 0 rg BT 148.46 225.85 Td (more ) Tj ET Q q 0 0 0 rg BT 169.21 225.85 Td (information.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 198.25 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 198.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.92 198.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.68 198.25 Td (expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 184.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 184.45 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 184.45 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 184.45 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.98 184.45 Td (forth ) Tj ET Q q 0 0 0 rg BT 144.73 184.45 Td (our ) Tj ET Q q 0 0 0 rg BT 158.97 184.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.21 184.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 229.95 184.45 Td (for ) Tj ET Q q 0 0 0 rg BT 242.69 184.45 Td (the ) Tj ET Q q 0 0 0 rg BT 255.94 184.45 Td (years ) Tj ET Q q 0 0 0 rg BT 277.18 184.45 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.92 184.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 353.64 184.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.64 184.45 Td ( ) Tj ET Q q 0 0 0 rg BT 373.89 184.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.14 184.45 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.14 184.45 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 142.95 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 142.95 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 142.95 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 142.95 72.00 -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 36.5 142.95000000000005 m 360.5 142.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 142.95000000000005 m 432.5 142.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 142.95000000000005 m 504.5 142.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 142.95000000000005 m 432.5 142.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 128.95000000000005 m 432.5 128.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 142.95000000000005 m 504.5 142.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 128.95000000000005 m 504.5 128.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 142.95000000000005 m 576.5 142.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 128.95000000000005 m 576.5 128.95000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 147.40 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.45 162.35 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.80 153.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.00 144.40 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.45 162.35 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.80 153.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 144.40 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.80 147.40 Td (Decrease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 133.41 Td (Total operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 133.41 Td (\(568.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 133.41 Td (\(1,380.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.75 133.41 Td (\(58.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 133.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.85 Td (T) Tj ET Q q 0 0 0 rg BT 40.87 101.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.38 101.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 92.38 101.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 126.89 101.85 Td (for ) Tj ET Q q 0 0 0 rg BT 139.40 101.85 Td (the ) Tj ET Q q 0 0 0 rg BT 152.41 101.85 Td (year ) Tj ET Q q 0 0 0 rg BT 169.91 101.85 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.42 101.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 245.91 101.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.91 101.85 Td ( ) Tj ET Q q 0 0 0 rg BT 265.93 101.85 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.94 101.85 Td ($\(568.2\) ) Tj ET Q q 0 0 0 rg BT 314.70 101.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.70 101.85 Td (, ) Tj ET Q q 0 0 0 rg BT 344.97 101.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 382.47 101.85 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.48 101.85 Td ($\(1,380.1\) ) Tj ET Q q 0 0 0 rg BT 430.99 101.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.99 101.85 Td ( ) Tj ET Q q 0 0 0 rg BT 459.01 101.85 Td (for ) Tj ET Q q 0 0 0 rg BT 471.52 101.85 Td (the ) Tj ET Q q 0 0 0 rg BT 484.53 101.85 Td (year ) Tj ET Q q 0 0 0 rg BT 502.03 101.85 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.54 101.85 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 91.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 91.05 Td (. ) Tj ET Q q 0 0 0 rg BT 57.36 91.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.23 91.05 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.92 91.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 112.11 91.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 145.79 91.05 Td (consist ) Tj ET Q q 0 0 0 rg BT 171.99 91.05 Td (of ) Tj ET Q q 0 0 0 rg BT 180.69 91.05 Td (vessel ) Tj ET Q q 0 0 0 rg BT 203.88 91.05 Td (and ) Tj ET Q q 0 0 0 rg BT 218.07 91.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 229.27 91.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 264.45 91.05 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 300.39 91.05 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 346.06 91.05 Td (and ) Tj ET Q q 0 0 0 rg BT 360.26 91.05 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 409.19 91.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 451.87 91.05 Td (char) Tj ET Q q 0 0 0 rg BT 467.20 91.05 Td (ges, ) Tj ET Q q 0 0 0 rg BT 482.64 91.05 Td (general ) Tj ET Q q 0 0 0 rg BT 510.32 91.05 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 91.05 Td (administrative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 80.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 71.14 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 86.79 80.25 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 136.43 80.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 173.82 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.28 80.25 Td (V) Tj ET Q q 0 0 0 rg BT 181.79 80.25 Td (essel ) Tj ET Q q 0 0 0 rg BT 201.93 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.58 80.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 230.24 80.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 266.88 80.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 302.02 80.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 340.15 80.25 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.80 80.25 Td ($187.6 ) Tj ET Q q 0 0 0 rg BT 379.21 80.25 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.21 80.25 Td (, ) Tj ET Q q 0 0 0 rg BT 410.11 80.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 446.26 80.25 Td (due ) Tj ET Q q 0 0 0 rg BT 461.91 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.56 80.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.21 80.25 Td (W) Tj ET Q q 0 0 0 rg BT 491.88 80.25 Td (est ) Tj ET Q q 0 0 0 rg BT 504.53 80.25 Td (Navigator ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.69 80.25 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.34 80.25 Td (W) Tj ET Q q 0 0 0 rg BT 566.01 80.25 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 69.45 Td (V) Tj ET Q q 0 0 0 rg BT 40.50 69.45 Td (entur) Tj ET Q q 0 0 0 rg BT 59.16 69.45 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.16 69.45 Td ( ) Tj ET Q q 0 0 0 rg BT 65.21 69.45 Td (completing ) Tj ET Q q 0 0 0 rg BT 107.76 69.45 Td (their ) Tj ET Q q 0 0 0 rg BT 126.30 69.45 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 163.09 69.45 Td (as ) Tj ET Q q 0 0 0 rg BT 172.64 69.45 Td (discussed ) Tj ET Q q 0 0 0 rg BT 209.19 69.45 Td (in ) Tj ET Q q 0 0 0 rg BT 218.24 69.45 Td (the ) Tj ET Q q 0 0 0 rg BT 231.29 69.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 265.33 69.45 Td (section ) Tj ET Q q 0 0 0 rg BT 292.87 69.45 Td (above. ) Tj ET Q q 0 0 0 rg BT 318.52 69.45 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.56 69.45 Td (W) Tj ET Q q 0 0 0 rg BT 341.23 69.45 Td (est ) Tj ET Q q 0 0 0 rg BT 353.29 69.45 Td (Phoenix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.77 69.45 Td ( ) Tj ET Q q 0 0 0 rg BT 384.83 69.45 Td (was ) Tj ET Q q 0 0 0 rg BT 400.88 69.45 Td (also ) Tj ET Q q 0 0 0 rg BT 417.43 69.45 Td (warm ) Tj ET Q q 0 0 0 rg BT 439.97 69.45 Td (stacked ) Tj ET Q q 0 0 0 rg BT 469.01 69.45 Td (for ) Tj ET Q q 0 0 0 rg BT 481.56 69.45 Td (the ) Tj ET Q q 0 0 0 rg BT 494.61 69.45 Td (fourth ) Tj ET Q q 0 0 0 rg BT 518.66 69.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 546.19 69.45 Td (of ) Tj ET Q q 0 0 0 rg BT 555.74 69.45 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 69.71 58.65 Td (in ) Tj ET Q q 0 0 0 rg BT 78.92 58.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 101.62 58.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 137.81 58.65 Td (costs. ) Tj ET Q q 0 0 0 rg BT 160.27 58.65 Td (In ) Tj ET Q q 0 0 0 rg BT 169.98 58.65 Td (addition ) Tj ET Q q 0 0 0 rg BT 201.68 58.65 Td (our ) Tj ET Q q 0 0 0 rg BT 215.89 58.65 Td (cost-cutting ) Tj ET Q q 0 0 0 rg BT 260.59 58.65 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 298.30 58.65 Td (have ) Tj ET Q q 0 0 0 rg BT 317.49 58.65 Td (resulted ) Tj ET Q q 0 0 0 rg BT 348.19 58.65 Td (in ) Tj ET Q q 0 0 0 rg BT 357.40 58.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 380.10 58.65 Td (personnel ) Tj ET Q q 0 0 0 rg BT 417.30 58.65 Td (and ) Tj ET Q q 0 0 0 rg BT 432.51 58.65 Td (repairs ) Tj ET Q q 0 0 0 rg BT 459.20 58.65 Td (and ) Tj ET Q q 0 0 0 rg BT 474.41 58.65 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 522.09 58.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 542.30 58.65 Td (across ) Tj ET Q q 0 0 0 rg BT 567.00 58.65 Td (all ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.85 Td (units. ) Tj ET Q q 0 0 0 rg BT 57.72 47.85 Td (The ) Tj ET Q q 0 0 0 rg BT 73.84 47.85 Td (weakening ) Tj ET Q q 0 0 0 rg BT 114.95 47.85 Td (of ) Tj ET Q q 0 0 0 rg BT 124.57 47.85 Td (the ) Tj ET Q q 0 0 0 rg BT 137.69 47.85 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 179.80 47.85 Td (kroner ) Tj ET Q q 0 0 0 rg BT 205.42 47.85 Td (against ) Tj ET Q q 0 0 0 rg BT 233.04 47.85 Td (the ) Tj ET Q q 0 0 0 rg BT 246.16 47.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 264.29 47.85 Td (dollar ) Tj ET Q q 0 0 0 rg BT 287.40 47.85 Td (has ) Tj ET Q q 0 0 0 rg BT 301.52 47.85 Td (also ) Tj ET Q q 0 0 0 rg BT 318.15 47.85 Td (caused ) Tj ET Q q 0 0 0 rg BT 344.76 47.85 Td (reductions ) Tj ET Q q 0 0 0 rg BT 384.37 47.85 Td (in ) Tj ET Q q 0 0 0 rg BT 393.50 47.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 429.61 47.85 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 466.48 47.85 Td ( ) Tj ET Q q 0 0 0 rg BT 468.45 47.85 Td (The ) Tj ET Q q 0 0 0 rg BT 484.56 47.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 517.66 47.85 Td (in ) Tj ET Q q 0 0 0 rg BT 526.79 47.85 Td (vessel ) Tj ET Q q 0 0 0 rg BT 550.91 47.85 Td (and ) Tj ET Q q 0 0 0 rg BT 566.03 47.85 Td (rig ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 71.87 749.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 106.24 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 114.12 749.80 Td (partly ) Tj ET Q q 0 0 0 rg BT 137.00 749.80 Td (of) Tj ET Q q 0 0 0 rg BT 144.33 749.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 159.21 749.80 Td (by ) Tj ET Q q 0 0 0 rg BT 170.09 749.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 182.96 749.80 Td (W) Tj ET Q q 0 0 0 rg BT 189.63 749.80 Td (est ) Tj ET Q q 0 0 0 rg BT 201.51 749.80 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.52 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 225.65 749.80 Td (which ) Tj ET Q q 0 0 0 rg BT 249.53 749.80 Td (commenced ) Tj ET Q q 0 0 0 rg BT 294.89 749.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 334.26 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 343.14 749.80 Td (May ) Tj ET Q q 0 0 0 rg BT 361.52 749.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 383.65 749.80 Td (Reimbursable ) Tj ET Q q 0 0 0 rg BT 435.52 749.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 469.89 749.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 507.24 749.80 Td (by ) Tj ET Q q 0 0 0 rg BT 518.12 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 524.00 749.80 Td (total ) Tj ET Q q 0 0 0 rg BT 541.87 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.25 749.80 Td ($134.6 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (million. ) Tj ET Q q 0 0 0 rg BT 66.92 739.00 Td (This ) Tj ET Q q 0 0 0 rg BT 85.80 739.00 Td (was ) Tj ET Q q 0 0 0 rg BT 102.67 739.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 130.54 739.00 Td (driven ) Tj ET Q q 0 0 0 rg BT 156.41 739.00 Td (by ) Tj ET Q q 0 0 0 rg BT 168.28 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 182.15 739.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 216.00 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 225.87 739.00 Td (reimbursables ) Tj ET Q q 0 0 0 rg BT 279.23 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 291.11 739.00 Td (the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 739.00 Td ( ) Tj ET Q q 0 0 0 rg BT 304.98 739.00 Td (W) Tj ET Q q 0 0 0 rg BT 311.65 739.00 Td (est ) Tj ET Q q 0 0 0 rg BT 324.31 739.00 Td (Alpha) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.81 739.00 Td (, ) Tj ET Q q 0 0 0 rg BT 350.94 739.00 Td (which ) Tj ET Q q 0 0 0 rg BT 375.81 739.00 Td (contributed ) Tj ET Q q 0 0 0 rg BT 419.67 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 429.54 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 436.41 739.00 Td (fall ) Tj ET Q q 0 0 0 rg BT 451.28 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 461.65 739.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 516.51 739.00 Td ($90.6 ) Tj ET Q q 0 0 0 rg BT 539.64 739.00 Td (million ) Tj ET Q q 0 0 0 rg BT 568.51 739.00 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 74.43 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 84.37 728.20 Td (2014. ) Tj ET Q q 0 0 0 rg BT 107.56 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 110.51 728.20 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 159.93 728.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 195.36 728.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 232.29 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 244.23 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 251.17 728.20 Td (total ) Tj ET Q q 0 0 0 rg BT 270.11 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 280.55 728.20 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 299.25 728.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 330.44 728.20 Td (which ) Tj ET Q q 0 0 0 rg BT 355.38 728.20 Td (was ) Tj ET Q q 0 0 0 rg BT 372.32 728.20 Td (driven ) Tj ET Q q 0 0 0 rg BT 398.26 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 410.20 728.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.14 728.20 Td (W) Tj ET Q q 0 0 0 rg BT 430.81 728.20 Td (est ) Tj ET Q q 0 0 0 rg BT 443.76 728.20 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.76 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 466.71 728.20 Td (being ) Tj ET Q q 0 0 0 rg BT 489.65 728.20 Td (available ) Tj ET Q q 0 0 0 rg BT 525.07 728.20 Td (for ) Tj ET Q q 0 0 0 rg BT 538.51 728.20 Td (operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (commencing ) Tj ET Q q 0 0 0 rg BT 84.74 717.40 Td (May ) Tj ET Q q 0 0 0 rg BT 103.49 717.40 Td (2014. ) Tj ET Q q 0 0 0 rg BT 125.99 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 128.08 717.40 Td (The ) Tj ET Q q 0 0 0 rg BT 144.32 717.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 177.55 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 186.80 717.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 223.04 717.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 257.78 717.40 Td (was ) Tj ET Q q 0 0 0 rg BT 274.03 717.40 Td (also ) Tj ET Q q 0 0 0 rg BT 290.78 717.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 326.52 717.40 Td (related ) Tj ET Q q 0 0 0 rg BT 353.26 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 362.51 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 368.76 717.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 385.02 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 396.27 717.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 440.01 717.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 469.75 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 479.00 717.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 513.26 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 523.01 717.40 Td ($480.6 ) Tj ET Q q 0 0 0 rg BT 550.01 717.40 Td (million ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.13 706.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 67.51 706.60 Td (for ) Tj ET Q q 0 0 0 rg BT 80.14 706.60 Td (which ) Tj ET Q q 0 0 0 rg BT 104.26 706.60 Td (there ) Tj ET Q q 0 0 0 rg BT 124.38 706.60 Td (was ) Tj ET Q q 0 0 0 rg BT 140.50 706.60 Td (none ) Tj ET Q q 0 0 0 rg BT 160.13 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.76 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 178.89 706.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 201.27 706.60 Td (General ) Tj ET Q q 0 0 0 rg BT 231.88 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.00 706.60 Td (administration ) Tj ET Q q 0 0 0 rg BT 301.13 706.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 335.75 706.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 373.35 706.60 Td (by ) Tj ET Q q 0 0 0 rg BT 384.48 706.60 Td ($18.8 ) Tj ET Q q 0 0 0 rg BT 406.86 706.60 Td (million ) Tj ET Q q 0 0 0 rg BT 434.99 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.12 706.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 464.25 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 473.88 706.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 511.49 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 520.62 706.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 540.75 706.60 Td (due ) Tj ET Q q 0 0 0 rg BT 555.88 706.60 Td (to ) Tj ET Q q 0 0 0 rg BT 565.01 706.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 77.73 695.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 94.47 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 109.72 695.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.97 695.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 159.71 695.80 Td (to ) Tj ET Q q 0 0 0 rg BT 168.96 695.80 Td (our ) Tj ET Q q 0 0 0 rg BT 183.20 695.80 Td (relocation ) Tj ET Q q 0 0 0 rg BT 221.44 695.80 Td (to ) Tj ET Q q 0 0 0 rg BT 230.69 695.80 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 249.94 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 259.19 695.80 Td (2014.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 66.75 668.20 Td (expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (Interest ) Tj ET Q q 0 0 0 rg BT 65.77 654.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 97.53 654.40 Td (for ) Tj ET Q q 0 0 0 rg BT 110.81 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 124.58 654.40 Td (year ) Tj ET Q q 0 0 0 rg BT 142.85 654.40 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.12 654.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 220.37 654.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.37 654.40 Td ( ) Tj ET Q q 0 0 0 rg BT 241.15 654.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.93 654.40 Td ($97.7 ) Tj ET Q q 0 0 0 rg BT 280.96 654.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.96 654.40 Td (, ) Tj ET Q q 0 0 0 rg BT 311.99 654.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 350.25 654.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.03 654.40 Td ($103.8 ) Tj ET Q q 0 0 0 rg BT 387.56 654.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.56 654.40 Td ( ) Tj ET Q q 0 0 0 rg BT 416.34 654.40 Td (for ) Tj ET Q q 0 0 0 rg BT 429.62 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 443.39 654.40 Td (year ) Tj ET Q q 0 0 0 rg BT 461.66 654.40 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.93 654.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.18 654.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.18 654.40 Td (. ) Tj ET Q q 0 0 0 rg BT 562.01 654.40 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 69.54 643.60 Td (was ) Tj ET Q q 0 0 0 rg BT 86.11 643.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 122.18 643.60 Td (due ) Tj ET Q q 0 0 0 rg BT 137.74 643.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.31 643.60 Td (a ) Tj ET Q q 0 0 0 rg BT 153.88 643.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 168.44 643.60 Td (in ) Tj ET Q q 0 0 0 rg BT 178.02 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.58 643.60 Td (total ) Tj ET Q q 0 0 0 rg BT 210.15 643.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 254.72 643.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.78 643.60 Td (bearing ) Tj ET Q q 0 0 0 rg BT 313.34 643.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 331.41 643.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.48 643.60 Td ($2,449.6 ) Tj ET Q q 0 0 0 rg BT 375.55 643.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.55 643.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.12 643.60 Td (as ) Tj ET Q q 0 0 0 rg BT 414.19 643.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.26 643.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 476.31 643.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.31 643.60 Td ( ) Tj ET Q q 0 0 0 rg BT 496.88 643.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 534.93 643.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 643.60 Td ($2,730.1 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 632.80 Td ( ) Tj ET Q q 0 0 0 rg BT 64.25 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 74.00 632.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.74 632.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 135.47 632.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.47 632.80 Td (, ) Tj ET Q q 0 0 0 rg BT 157.97 632.80 Td (which ) Tj ET Q q 0 0 0 rg BT 182.21 632.80 Td (is ) Tj ET Q q 0 0 0 rg BT 190.47 632.80 Td (due ) Tj ET Q q 0 0 0 rg BT 205.71 632.80 Td (to ) Tj ET Q q 0 0 0 rg BT 214.96 632.80 Td (repayments ) Tj ET Q q 0 0 0 rg BT 258.70 632.80 Td (made ) Tj ET Q q 0 0 0 rg BT 280.44 632.80 Td (on ) Tj ET Q q 0 0 0 rg BT 291.69 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 304.93 632.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 349.18 632.80 Td (principal.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.75 605.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 95.51 605.20 Td (items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 591.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 58.74 591.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.47 591.40 Td (items ) Tj ET Q q 0 0 0 rg BT 114.22 591.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 146.46 591.40 Td (in ) Tj ET Q q 0 0 0 rg BT 155.71 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 168.95 591.40 Td (income ) Tj ET Q q 0 0 0 rg BT 197.69 591.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 234.43 591.40 Td (include ) Tj ET Q q 0 0 0 rg BT 263.17 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.42 591.40 Td (following ) Tj ET Q q 0 0 0 rg BT 313.66 591.40 Td (items:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 545.90 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 545.90 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 545.90 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 517.90 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 517.90 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 517.90 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 489.90 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 489.90 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 489.90 75.00 -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 36.5 545.9 m 426.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 545.9 m 501.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 545.9 m 576.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 545.9 m 501.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 545.9 m 576.5 545.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 489.9 m 501.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 475.9 m 501.5 475.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 489.9 m 576.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 475.9 m 576.5 475.9 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 550.35 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.95 568.35 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.30 559.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 550.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 568.35 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.30 559.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.50 550.35 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 536.36 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 536.36 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 536.36 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 522.36 Td (Loss on derivative financial instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 522.36 Td (\(57.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 522.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 522.36 Td (\(86.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 522.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 508.36 Td (Foreign exchange gain/\(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.25 508.36 Td (28.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 508.36 Td (41.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 494.36 Td (Other financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 494.36 Td (\(5.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 494.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 494.36 Td (\(26.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 494.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 480.35 Td (Total other financial items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.25 480.35 Td (\(34.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 480.35 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 480.35 Td (\(70.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 480.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.42 448.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.85 448.80 Td (on ) Tj ET Q q 0 0 0 rg BT 80.28 448.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 118.69 448.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.60 448.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 197.03 448.80 Td (relates ) Tj ET Q q 0 0 0 rg BT 222.94 448.80 Td (to ) Tj ET Q q 0 0 0 rg BT 232.37 448.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 247.29 448.80 Td (value ) Tj ET Q q 0 0 0 rg BT 269.21 448.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 314.63 448.80 Td (and ) Tj ET Q q 0 0 0 rg BT 330.05 448.80 Td (net ) Tj ET Q q 0 0 0 rg BT 343.48 448.80 Td (settlements ) Tj ET Q q 0 0 0 rg BT 386.40 448.80 Td (on ) Tj ET Q q 0 0 0 rg BT 397.83 448.80 Td (our ) Tj ET Q q 0 0 0 rg BT 412.25 448.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 441.17 448.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 457.08 448.80 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 483.76 448.80 Td (cross ) Tj ET Q q 0 0 0 rg BT 504.69 448.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 538.59 448.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 563.02 448.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 438.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 66.97 438.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 103.43 438.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 140.64 438.00 Td (During ) Tj ET Q q 0 0 0 rg BT 168.62 438.00 Td (the ) Tj ET Q q 0 0 0 rg BT 182.10 438.00 Td (year ) Tj ET Q q 0 0 0 rg BT 200.07 438.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.04 438.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 277.00 438.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.00 438.00 Td (, ) Tj ET Q q 0 0 0 rg BT 299.73 438.00 Td (the ) Tj ET Q q 0 0 0 rg BT 313.21 438.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 355.16 438.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 371.65 438.00 Td (from ) Tj ET Q q 0 0 0 rg BT 391.63 438.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 430.09 438.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.06 438.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 508.54 438.00 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.02 438.00 Td ($57.4 ) Tj ET Q q 0 0 0 rg BT 547.75 438.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.75 438.00 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 427.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 74.04 427.20 Td (to ) Tj ET Q q 0 0 0 rg BT 83.61 427.20 Td (a ) Tj ET Q q 0 0 0 rg BT 90.16 427.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 106.73 427.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.79 427.20 Td ($86.2 ) Tj ET Q q 0 0 0 rg BT 139.60 427.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.60 427.20 Td ( ) Tj ET Q q 0 0 0 rg BT 168.17 427.20 Td (for ) Tj ET Q q 0 0 0 rg BT 181.22 427.20 Td (the ) Tj ET Q q 0 0 0 rg BT 194.78 427.20 Td (year ) Tj ET Q q 0 0 0 rg BT 212.83 427.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.88 427.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 289.92 427.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.92 427.20 Td (. ) Tj ET Q q 0 0 0 rg BT 312.54 427.20 Td (These ) Tj ET Q q 0 0 0 rg BT 336.59 427.20 Td (figures ) Tj ET Q q 0 0 0 rg BT 364.15 427.20 Td (include ) Tj ET Q q 0 0 0 rg BT 393.20 427.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 424.24 427.20 Td (net ) Tj ET Q q 0 0 0 rg BT 437.80 427.20 Td (settlements ) Tj ET Q q 0 0 0 rg BT 480.85 427.20 Td (on ) Tj ET Q q 0 0 0 rg BT 492.41 427.20 Td (the ) Tj ET Q q 0 0 0 rg BT 505.97 427.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 544.51 427.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 416.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 80.38 416.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.26 416.40 Td ($37.1 ) Tj ET Q q 0 0 0 rg BT 112.89 416.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.90 416.40 Td ( ) Tj ET Q q 0 0 0 rg BT 141.28 416.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.66 416.40 Td ($32.5 ) Tj ET Q q 0 0 0 rg BT 179.29 416.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.29 416.40 Td ( ) Tj ET Q q 0 0 0 rg BT 207.67 416.40 Td (for ) Tj ET Q q 0 0 0 rg BT 220.55 416.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.93 416.40 Td (the ) Tj ET Q q 0 0 0 rg BT 247.31 416.40 Td (year ) Tj ET Q q 0 0 0 rg BT 265.18 416.40 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.05 416.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 341.91 416.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.91 416.40 Td ( ) Tj ET Q q 0 0 0 rg BT 362.29 416.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.67 416.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.53 416.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.53 416.40 Td ( ) Tj ET Q q 0 0 0 rg BT 450.91 416.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 493.80 416.40 Td (. ) Tj ET Q q 0 0 0 rg BT 498.26 416.40 Td (The ) Tj ET Q q 0 0 0 rg BT 514.64 416.40 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 554.50 416.40 Td (losses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 405.60 Td (were ) Tj ET Q q 0 0 0 rg BT 55.74 405.60 Td (due ) Tj ET Q q 0 0 0 rg BT 70.98 405.60 Td (to ) Tj ET Q q 0 0 0 rg BT 80.23 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.48 405.60 Td (falls ) Tj ET Q q 0 0 0 rg BT 111.22 405.60 Td (in ) Tj ET Q q 0 0 0 rg BT 120.47 405.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.72 405.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 148.46 405.60 Td (market ) Tj ET Q q 0 0 0 rg BT 175.69 405.60 Td (value ) Tj ET Q q 0 0 0 rg BT 197.43 405.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.18 405.60 Td (these ) Tj ET Q q 0 0 0 rg BT 227.92 405.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 266.15 405.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.89 405.60 Td (instruments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 378.00 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 66.26 378.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 102.49 378.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 120.24 378.00 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.50 378.00 Td ($28.3 ) Tj ET Q q 0 0 0 rg BT 159.01 378.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.01 378.00 Td ( ) Tj ET Q q 0 0 0 rg BT 187.27 378.00 Td (for ) Tj ET Q q 0 0 0 rg BT 200.02 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.27 378.00 Td (year ) Tj ET Q q 0 0 0 rg BT 231.02 378.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.76 378.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 307.50 378.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.50 378.00 Td (, ) Tj ET Q q 0 0 0 rg BT 330.00 378.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 367.74 378.00 Td (to ) Tj ET Q q 0 0 0 rg BT 377.00 378.00 Td (a ) Tj ET Q q 0 0 0 rg BT 383.25 378.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 401.01 378.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.76 378.00 Td ($41.0 ) Tj ET Q q 0 0 0 rg BT 433.27 378.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.27 378.00 Td ( ) Tj ET Q q 0 0 0 rg BT 461.53 378.00 Td (in ) Tj ET Q q 0 0 0 rg BT 470.79 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.04 378.00 Td (year ) Tj ET Q q 0 0 0 rg BT 501.79 378.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.53 378.00 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 367.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 367.20 Td (. ) Tj ET Q q 0 0 0 rg BT 58.76 367.20 Td ( ) Tj ET Q q 0 0 0 rg BT 61.10 367.20 Td (This ) Tj ET Q q 0 0 0 rg BT 79.61 367.20 Td (was ) Tj ET Q q 0 0 0 rg BT 96.12 367.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.12 367.20 Td (due ) Tj ET Q q 0 0 0 rg BT 147.63 367.20 Td (to ) Tj ET Q q 0 0 0 rg BT 157.15 367.20 Td (the ) Tj ET Q q 0 0 0 rg BT 170.66 367.20 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 213.16 367.20 Td (kroner ) Tj ET Q q 0 0 0 rg BT 239.16 367.20 Td (weakening ) Tj ET Q q 0 0 0 rg BT 280.66 367.20 Td (against ) Tj ET Q q 0 0 0 rg BT 308.66 367.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.17 367.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 340.69 367.20 Td (dollar ) Tj ET Q q 0 0 0 rg BT 364.20 367.20 Td (during ) Tj ET Q q 0 0 0 rg BT 390.21 367.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 410.72 367.20 Td (and ) Tj ET Q q 0 0 0 rg BT 426.23 367.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 448.99 367.20 Td (with ) Tj ET Q q 0 0 0 rg BT 467.51 367.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 489.02 367.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 531.01 367.20 Td (in ) Tj ET Q q 0 0 0 rg BT 540.52 367.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 568.52 367.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.40 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 356.40 Td (NOK-denominated ) Tj ET Q q 0 0 0 rg BT 121.48 356.40 Td (debt. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 328.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 66.25 328.80 Td (taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 315.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 65.34 315.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 78.68 315.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 110.02 315.00 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.36 315.00 Td ($44.1 ) Tj ET Q q 0 0 0 rg BT 148.96 315.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.96 315.00 Td ( ) Tj ET Q q 0 0 0 rg BT 177.31 315.00 Td (for ) Tj ET Q q 0 0 0 rg BT 190.16 315.00 Td (the ) Tj ET Q q 0 0 0 rg BT 203.50 315.00 Td (year ) Tj ET Q q 0 0 0 rg BT 221.33 315.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.17 315.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 298.00 315.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 315.00 Td (, ) Tj ET Q q 0 0 0 rg BT 320.60 315.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 358.43 315.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.78 315.00 Td ($29.6 ) Tj ET Q q 0 0 0 rg BT 390.38 315.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.38 315.00 Td ( ) Tj ET Q q 0 0 0 rg BT 418.73 315.00 Td (for ) Tj ET Q q 0 0 0 rg BT 431.57 315.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.92 315.00 Td (year ) Tj ET Q q 0 0 0 rg BT 462.75 315.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.59 315.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.41 315.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.41 315.00 Td (. ) Tj ET Q q 0 0 0 rg BT 562.01 315.00 Td (Our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 304.20 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 304.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 69.83 304.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 83.34 304.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 99.35 304.20 Td (was ) Tj ET Q q 0 0 0 rg BT 115.86 304.20 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.36 304.20 Td (-127.8%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.11 304.20 Td ( ) Tj ET Q q 0 0 0 rg BT 203.63 304.20 Td (for ) Tj ET Q q 0 0 0 rg BT 216.64 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 230.15 304.20 Td (year ) Tj ET Q q 0 0 0 rg BT 248.15 304.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.16 304.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 325.16 304.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.16 304.20 Td (, ) Tj ET Q q 0 0 0 rg BT 347.92 304.20 Td (as ) Tj ET Q q 0 0 0 rg BT 357.94 304.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.94 304.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.46 304.20 Td (-10.2%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.70 304.20 Td ( ) Tj ET Q q 0 0 0 rg BT 434.22 304.20 Td (for ) Tj ET Q q 0 0 0 rg BT 447.23 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 460.74 304.20 Td (year ) Tj ET Q q 0 0 0 rg BT 478.75 304.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.76 304.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 555.75 304.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.75 304.20 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 293.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.53 293.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.55 293.40 Td (in ) Tj ET Q q 0 0 0 rg BT 94.09 293.40 Td (the ) Tj ET Q q 0 0 0 rg BT 107.63 293.40 Td (negative ) Tj ET Q q 0 0 0 rg BT 140.66 293.40 Td (ef) Tj ET Q q 0 0 0 rg BT 147.49 293.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 174.51 293.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.04 293.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 204.07 293.40 Td (is ) Tj ET Q q 0 0 0 rg BT 212.62 293.40 Td (due ) Tj ET Q q 0 0 0 rg BT 228.15 293.40 Td (to ) Tj ET Q q 0 0 0 rg BT 237.69 293.40 Td (the ) Tj ET Q q 0 0 0 rg BT 251.23 293.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 267.78 293.40 Td (on ) Tj ET Q q 0 0 0 rg BT 279.32 293.40 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 323.59 293.40 Td (which ) Tj ET Q q 0 0 0 rg BT 348.13 293.40 Td (is ) Tj ET Q q 0 0 0 rg BT 356.67 293.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 398.69 293.40 Td (in ) Tj ET Q q 0 0 0 rg BT 408.23 293.40 Td (a ) Tj ET Q q 0 0 0 rg BT 414.77 293.40 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 459.79 293.40 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 505.39 293.40 Td (This ) Tj ET Q q 0 0 0 rg BT 523.94 293.40 Td (means ) Tj ET Q q 0 0 0 rg BT 549.47 293.40 Td (that ) Tj ET Q q 0 0 0 rg BT 565.50 293.40 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 282.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 69.41 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 78.83 282.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 94.24 282.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 107.65 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 119.07 282.60 Td (local ) Tj ET Q q 0 0 0 rg BT 138.98 282.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 178.89 282.60 Td (but ) Tj ET Q q 0 0 0 rg BT 192.80 282.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 225.21 282.60 Td (an ) Tj ET Q q 0 0 0 rg BT 236.12 282.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 263.52 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 269.94 282.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 286.36 282.60 Td (before ) Tj ET Q q 0 0 0 rg BT 311.76 282.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 325.17 282.60 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 360.09 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.00 282.60 Td (discrete ) Tj ET Q q 0 0 0 rg BT 400.40 282.60 Td (items. ) Tj ET Q q 0 0 0 rg BT 426.65 282.60 Td (The ) Tj ET Q q 0 0 0 rg BT 443.06 282.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 475.96 282.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 491.86 282.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 520.76 282.60 Td (no ) Tj ET Q q 0 0 0 rg BT 532.18 282.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 545.59 282.60 Td (relief ) Tj ET Q q 0 0 0 rg BT 567.00 282.60 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 271.80 Td (the ) Tj ET Q q 0 0 0 rg BT 48.94 271.80 Td (impairments ) Tj ET Q q 0 0 0 rg BT 95.88 271.80 Td (or ) Tj ET Q q 0 0 0 rg BT 105.33 271.80 Td (the ) Tj ET Q q 0 0 0 rg BT 118.28 271.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 156.21 271.80 Td (loss. ) Tj ET Q q 0 0 0 rg BT 174.27 271.80 Td (This ) Tj ET Q q 0 0 0 rg BT 192.22 271.80 Td (is ) Tj ET Q q 0 0 0 rg BT 200.17 271.80 Td (due ) Tj ET Q q 0 0 0 rg BT 215.12 271.80 Td (to ) Tj ET Q q 0 0 0 rg BT 224.07 271.80 Td (these ) Tj ET Q q 0 0 0 rg BT 244.51 271.80 Td (items ) Tj ET Q q 0 0 0 rg BT 265.96 271.80 Td (lar) Tj ET Q q 0 0 0 rg BT 275.28 271.80 Td (gely ) Tj ET Q q 0 0 0 rg BT 292.73 271.80 Td (falling ) Tj ET Q q 0 0 0 rg BT 318.17 271.80 Td (within ) Tj ET Q q 0 0 0 rg BT 343.12 271.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.07 271.80 Td (zero ) Tj ET Q q 0 0 0 rg BT 373.50 271.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 386.45 271.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 401.88 271.80 Td (on ) Tj ET Q q 0 0 0 rg BT 412.83 271.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 447.77 271.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 490.46 271.80 Td (In ) Tj ET Q q 0 0 0 rg BT 499.90 271.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 533.60 271.80 Td (the ) Tj ET Q q 0 0 0 rg BT 546.54 271.80 Td (increase ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 261.00 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 58.50 261.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 71.74 261.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 102.98 261.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.23 261.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.23 261.00 Td ( ) Tj ET Q q 0 0 0 rg BT 132.48 261.00 Td (in ) Tj ET Q q 0 0 0 rg BT 141.73 261.00 Td (comparison ) Tj ET Q q 0 0 0 rg BT 185.97 261.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.22 261.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.22 261.00 Td ( ) Tj ET Q q 0 0 0 rg BT 215.47 261.00 Td (is ) Tj ET Q q 0 0 0 rg BT 223.72 261.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 250.97 261.00 Td (due ) Tj ET Q q 0 0 0 rg BT 266.21 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 275.46 261.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 307.69 261.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 320.93 261.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 351.18 261.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 384.91 261.00 Td (on ) Tj ET Q q 0 0 0 rg BT 396.16 261.00 Td (unremitted ) Tj ET Q q 0 0 0 rg BT 437.40 261.00 Td (earnings.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 233.40 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 233.40 Td (e ) Tj ET Q q 0 0 0 rg BT 49.74 233.40 Td (may ) Tj ET Q q 0 0 0 rg BT 67.20 233.40 Td (be ) Tj ET Q q 0 0 0 rg BT 77.67 233.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 105.62 233.40 Td (in ) Tj ET Q q 0 0 0 rg BT 114.59 233.40 Td (more ) Tj ET Q q 0 0 0 rg BT 135.05 233.40 Td (than ) Tj ET Q q 0 0 0 rg BT 152.52 233.40 Td (one ) Tj ET Q q 0 0 0 rg BT 167.48 233.40 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 210.45 233.40 Td (based ) Tj ET Q q 0 0 0 rg BT 232.91 233.40 Td (on ) Tj ET Q q 0 0 0 rg BT 243.88 233.40 Td (our ) Tj ET Q q 0 0 0 rg BT 257.85 233.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 286.32 233.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 298.28 233.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 339.56 233.40 Td (A) Tj ET Q q 0 0 0 rg BT 345.56 233.40 Td ( ) Tj ET Q q 0 0 0 rg BT 347.53 233.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 363.51 233.40 Td (in ) Tj ET Q q 0 0 0 rg BT 372.48 233.40 Td (one ) Tj ET Q q 0 0 0 rg BT 387.44 233.40 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 430.41 233.40 Td (may ) Tj ET Q q 0 0 0 rg BT 447.87 233.40 Td (not ) Tj ET Q q 0 0 0 rg BT 461.34 233.40 Td (be ) Tj ET Q q 0 0 0 rg BT 471.81 233.40 Td (of) Tj ET Q q 0 0 0 rg BT 479.14 233.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 494.11 233.40 Td (against ) Tj ET Q q 0 0 0 rg BT 521.57 233.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 549.52 233.40 Td (income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 222.60 Td (another ) Tj ET Q q 0 0 0 rg BT 74.49 222.60 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 119.82 222.60 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 142.32 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 155.07 222.60 Td (may ) Tj ET Q q 0 0 0 rg BT 172.81 222.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 188.06 222.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 201.30 222.60 Td (within ) Tj ET Q q 0 0 0 rg BT 226.55 222.60 Td (some ) Tj ET Q q 0 0 0 rg BT 247.80 222.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 294.55 222.60 Td (even ) Tj ET Q q 0 0 0 rg BT 313.79 222.60 Td (though ) Tj ET Q q 0 0 0 rg BT 341.04 222.60 Td (it ) Tj ET Q q 0 0 0 rg BT 348.29 222.60 Td (might ) Tj ET Q q 0 0 0 rg BT 371.54 222.60 Td (have ) Tj ET Q q 0 0 0 rg BT 390.78 222.60 Td (an ) Tj ET Q q 0 0 0 rg BT 401.52 222.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 428.76 222.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 445.02 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 453.76 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.01 222.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 514.74 222.60 Td (level.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 195.00 Td (Significant ) Tj ET Q q 0 0 0 rg BT 77.52 195.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 110.05 195.00 Td (of ) Tj ET Q q 0 0 0 rg BT 119.57 195.00 Td (our ) Tj ET Q q 0 0 0 rg BT 133.59 195.00 Td (income ) Tj ET Q q 0 0 0 rg BT 162.11 195.00 Td (and ) Tj ET Q q 0 0 0 rg BT 177.13 195.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.16 195.00 Td (are ) Tj ET Q q 0 0 0 rg BT 210.17 195.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 242.18 195.00 Td (in ) Tj ET Q q 0 0 0 rg BT 251.21 195.00 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 295.72 195.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 342.24 195.00 Td (such ) Tj ET Q q 0 0 0 rg BT 360.77 195.00 Td (as ) Tj ET Q q 0 0 0 rg BT 370.29 195.00 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 407.41 195.00 Td (The ) Tj ET Q q 0 0 0 rg BT 423.43 195.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 451.96 195.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 463.98 195.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 503.50 195.00 Td (are ) Tj ET Q q 0 0 0 rg BT 516.51 195.00 Td (normally ) Tj ET Q q 0 0 0 rg BT 551.03 195.00 Td (carried ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 184.20 Td (out ) Tj ET Q q 0 0 0 rg BT 49.38 184.20 Td (in ) Tj ET Q q 0 0 0 rg BT 58.26 184.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 86.12 184.20 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 134.74 184.20 Td (In ) Tj ET Q q 0 0 0 rg BT 144.12 184.20 Td (the ) Tj ET Q q 0 0 0 rg BT 156.99 184.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 169.86 184.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 216.24 184.20 Td (where ) Tj ET Q q 0 0 0 rg BT 240.10 184.20 Td (we ) Tj ET Q q 0 0 0 rg BT 252.48 184.20 Td (operate, ) Tj ET Q q 0 0 0 rg BT 283.08 184.20 Td (the ) Tj ET Q q 0 0 0 rg BT 295.96 184.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 331.81 184.20 Td (income ) Tj ET Q q 0 0 0 rg BT 360.18 184.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.05 184.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 391.92 184.20 Td (range ) Tj ET Q q 0 0 0 rg BT 413.78 184.20 Td (from ) Tj ET Q q 0 0 0 rg BT 433.16 184.20 Td (20% ) Tj ET Q q 0 0 0 rg BT 451.53 184.20 Td (to ) Tj ET Q q 0 0 0 rg BT 460.41 184.20 Td (27% ) Tj ET Q q 0 0 0 rg BT 478.78 184.20 Td (for ) Tj ET Q q 0 0 0 rg BT 491.15 184.20 Td (earned ) Tj ET Q q 0 0 0 rg BT 517.01 184.20 Td (income. ) Tj ET Q q 0 0 0 rg BT 547.63 184.20 Td (Further) Tj ET Q q 0 0 0 rg BT 573.76 184.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 59.65 173.40 Td (in ) Tj ET Q q 0 0 0 rg BT 68.79 173.40 Td (one ) Tj ET Q q 0 0 0 rg BT 83.93 173.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.07 173.40 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 140.22 173.40 Td (may ) Tj ET Q q 0 0 0 rg BT 157.86 173.40 Td (not ) Tj ET Q q 0 0 0 rg BT 171.50 173.40 Td (be ) Tj ET Q q 0 0 0 rg BT 182.14 173.40 Td (of) Tj ET Q q 0 0 0 rg BT 189.48 173.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 204.62 173.40 Td (against ) Tj ET Q q 0 0 0 rg BT 232.26 173.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 260.39 173.40 Td (income ) Tj ET Q q 0 0 0 rg BT 289.02 173.40 Td (in ) Tj ET Q q 0 0 0 rg BT 298.17 173.40 Td (other ) Tj ET Q q 0 0 0 rg BT 318.81 173.40 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 367.23 173.40 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 411.63 173.40 Td (, ) Tj ET Q q 0 0 0 rg BT 416.02 173.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.17 173.40 Td (ef) Tj ET Q q 0 0 0 rg BT 435.99 173.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 462.62 173.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.76 173.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 491.40 173.40 Td (may ) Tj ET Q q 0 0 0 rg BT 509.04 173.40 Td (dif) Tj ET Q q 0 0 0 rg BT 518.87 173.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 531.00 173.40 Td (significantly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 55.74 162.60 Td (period ) Tj ET Q q 0 0 0 rg BT 80.99 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.24 162.60 Td (period ) Tj ET Q q 0 0 0 rg BT 115.48 162.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 155.22 162.60 Td (on ) Tj ET Q q 0 0 0 rg BT 166.47 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.71 162.60 Td (level ) Tj ET Q q 0 0 0 rg BT 199.45 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.20 162.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 238.44 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.69 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 262.94 162.60 Td (mix ) Tj ET Q q 0 0 0 rg BT 279.19 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.94 162.60 Td (each ) Tj ET Q q 0 0 0 rg BT 307.67 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.42 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.66 162.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.91 162.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 390.66 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 399.91 162.60 Td (which ) Tj ET Q q 0 0 0 rg BT 424.15 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 438.40 162.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.14 162.60 Td (are ) Tj ET Q q 0 0 0 rg BT 491.37 162.60 Td (conducted.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 63.12 749.25 Td (Y) Tj ET Q q 0 0 0 rg BT 69.24 749.25 Td (ear) Tj ET Q q 0 0 0 rg BT 82.93 749.25 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.73 749.25 Td (December) Tj ET Q q 0 0 0 rg BT 158.85 749.25 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.35 749.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 231.44 749.25 Td (ed to Fiscal ) Tj ET Q q 0 0 0 rg BT 281.89 749.25 Td (Y) Tj ET Q q 0 0 0 rg BT 288.01 749.25 Td (ear) Tj ET Q q 0 0 0 rg BT 301.70 749.25 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 749.25 Td (December) Tj ET Q q 0 0 0 rg BT 377.62 749.25 Td (31, 2013) Tj ET Q BT /F2 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 735.45 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 735.45 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 735.45 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.98 735.45 Td (forth ) Tj ET Q q 0 0 0 rg BT 144.73 735.45 Td (our ) Tj ET Q q 0 0 0 rg BT 158.97 735.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.21 735.45 Td (results ) Tj ET Q q 0 0 0 rg BT 220.96 735.45 Td (for ) Tj ET Q q 0 0 0 rg BT 233.70 735.45 Td (the ) Tj ET Q q 0 0 0 rg BT 246.95 735.45 Td (year ) Tj ET Q q 0 0 0 rg BT 264.68 735.45 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.42 735.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 341.15 735.45 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.15 735.45 Td ( ) Tj ET Q q 0 0 0 rg BT 361.40 735.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.64 735.45 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.64 735.45 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 689.95 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 689.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 689.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 661.95 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 661.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 661.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 633.95 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 633.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 633.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 605.95 390.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 605.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 605.95 75.00 -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 36.5 689.95 m 426.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 689.95 m 501.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 689.95 m 576.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 689.95 m 501.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 689.95 m 576.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 661.95 m 501.5 661.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 661.95 m 576.5 661.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 619.95 m 501.5 619.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 619.95 m 576.5 619.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 591.95 m 501.5 591.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 591.95 m 576.5 591.95 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 694.40 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.95 712.40 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.30 703.40 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 694.40 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 712.40 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.30 703.40 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.50 694.40 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 680.41 Td (Total operating revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 680.41 Td (1,263.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 680.41 Td (1,324.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 666.41 Td (Total operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 666.41 Td (\(1,380.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 666.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 666.41 Td (\(963.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 666.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 652.41 Td (Operating income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 652.41 Td (\(116.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 652.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 652.41 Td (360.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 638.41 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 638.41 Td (\(103.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 638.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 638.41 Td (\(84.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 638.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 624.41 Td (Other financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 624.41 Td (\(70.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 624.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 624.41 Td (\(11.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 624.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 610.41 Td (Income before taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 610.41 Td (\(290.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 610.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 610.41 Td (264.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 596.41 Td (Income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 596.41 Td (\(29.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 596.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 596.41 Td (\(28.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 596.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 582.41 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 582.41 Td (\(320.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 582.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 582.41 Td (235.6) Tj ET Q BT /F1 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 550.85 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 550.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.92 550.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.68 550.85 Td (revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 537.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 537.05 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 537.05 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 537.05 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.98 537.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 144.73 537.05 Td (our ) Tj ET Q q 0 0 0 rg BT 158.97 537.05 Td (total ) Tj ET Q q 0 0 0 rg BT 177.22 537.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.46 537.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 247.69 537.05 Td (for ) Tj ET Q q 0 0 0 rg BT 260.43 537.05 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 537.05 Td (year ) Tj ET Q q 0 0 0 rg BT 291.41 537.05 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.15 537.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 367.88 537.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.88 537.05 Td ( ) Tj ET Q q 0 0 0 rg BT 388.13 537.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.37 537.05 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.37 537.05 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 495.55 315.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 495.55 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 495.55 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 495.55 75.00 -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 36.5 495.55 m 351.5 495.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 495.55 m 426.5 495.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 495.55 m 501.5 495.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 495.55 m 576.5 495.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 495.55 m 426.5 495.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 481.55 m 426.5 481.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 495.55 m 501.5 495.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 481.55 m 501.5 481.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 481.55 m 576.5 481.55 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 500.00 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.95 514.95 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.30 505.95 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.50 497.00 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.95 514.95 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.30 505.95 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 497.00 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.30 500.00 Td (Increase) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 486.01 Td (Total operating revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 486.01 Td (1,263.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 486.01 Td (1,324.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 486.01 Td (\(4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 486.01 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 454.45 Td (T) Tj ET Q q 0 0 0 rg BT 40.87 454.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.67 454.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 92.96 454.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 127.24 454.45 Td (for ) Tj ET Q q 0 0 0 rg BT 140.04 454.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.34 454.45 Td (year ) Tj ET Q q 0 0 0 rg BT 171.13 454.45 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.92 454.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 247.70 454.45 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.70 454.45 Td ( ) Tj ET Q q 0 0 0 rg BT 268.00 454.45 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.30 454.45 Td ($1,263.7 ) Tj ET Q q 0 0 0 rg BT 318.10 454.45 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.10 454.45 Td (, ) Tj ET Q q 0 0 0 rg BT 348.66 454.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 386.44 454.45 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 454.45 Td ($1,324.3 ) Tj ET Q q 0 0 0 rg BT 429.55 454.45 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.55 454.45 Td ( ) Tj ET Q q 0 0 0 rg BT 457.85 454.45 Td (for ) Tj ET Q q 0 0 0 rg BT 470.65 454.45 Td (the ) Tj ET Q q 0 0 0 rg BT 483.95 454.45 Td (year ) Tj ET Q q 0 0 0 rg BT 501.74 454.45 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.53 454.45 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.65 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 443.65 Td (. ) Tj ET Q q 0 0 0 rg BT 58.45 443.65 Td (T) Tj ET Q q 0 0 0 rg BT 63.32 443.65 Td (otal ) Tj ET Q q 0 0 0 rg BT 79.19 443.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.55 443.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 149.90 443.65 Td (are ) Tj ET Q q 0 0 0 rg BT 163.26 443.65 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 218.12 443.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 249.48 443.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 283.83 443.65 Td (with ) Tj ET Q q 0 0 0 rg BT 302.20 443.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 340.57 443.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 373.44 443.65 Td (of ) Tj ET Q q 0 0 0 rg BT 383.31 443.65 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 432.66 443.65 Td (and ) Tj ET Q q 0 0 0 rg BT 448.03 443.65 Td (related ) Tj ET Q q 0 0 0 rg BT 474.88 443.65 Td (party ) Tj ET Q q 0 0 0 rg BT 495.74 443.65 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 528.68 443.65 Td (The ) Tj ET Q q 0 0 0 rg BT 545.04 443.65 Td (decrease ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 432.85 Td (in ) Tj ET Q q 0 0 0 rg BT 45.85 432.85 Td (total ) Tj ET Q q 0 0 0 rg BT 64.70 432.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.53 432.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 136.37 432.85 Td (was ) Tj ET Q q 0 0 0 rg BT 153.21 432.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 189.56 432.85 Td (due ) Tj ET Q q 0 0 0 rg BT 205.40 432.85 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.25 432.85 Td (W) Tj ET Q q 0 0 0 rg BT 221.92 432.85 Td (est ) Tj ET Q q 0 0 0 rg BT 234.77 432.85 Td (Her) Tj ET Q q 0 0 0 rg BT 248.43 432.85 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.92 432.85 Td ( ) Tj ET Q q 0 0 0 rg BT 269.77 432.85 Td (moving ) Tj ET Q q 0 0 0 rg BT 300.13 432.85 Td (from ) Tj ET Q q 0 0 0 rg BT 320.47 432.85 Td (a ) Tj ET Q q 0 0 0 rg BT 327.31 432.85 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 361.15 432.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 401.47 432.85 Td (to ) Tj ET Q q 0 0 0 rg BT 411.32 432.85 Td (a ) Tj ET Q q 0 0 0 rg BT 418.17 432.85 Td (management ) Tj ET Q q 0 0 0 rg BT 467.00 432.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 507.32 432.85 Td (in ) Tj ET Q q 0 0 0 rg BT 517.18 432.85 Td (November ) Tj ET Q q 0 0 0 rg BT 558.01 432.85 Td (2013 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 422.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 69.84 422.05 Td (in ) Tj ET Q q 0 0 0 rg BT 79.19 422.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 110.02 422.05 Td (being ) Tj ET Q q 0 0 0 rg BT 132.37 422.05 Td (billed ) Tj ET Q q 0 0 0 rg BT 155.21 422.05 Td (from ) Tj ET Q q 0 0 0 rg BT 175.06 422.05 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 207.48 422.05 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.82 422.05 Td (W) Tj ET Q q 0 0 0 rg BT 230.49 422.05 Td (est ) Tj ET Q q 0 0 0 rg BT 242.84 422.05 Td (Her) Tj ET Q q 0 0 0 rg BT 256.50 422.05 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.99 422.05 Td ( ) Tj ET Q q 0 0 0 rg BT 277.34 422.05 Td (commenced ) Tj ET Q q 0 0 0 rg BT 323.17 422.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 363.01 422.05 Td (in ) Tj ET Q q 0 0 0 rg BT 372.36 422.05 Td (January ) Tj ET Q q 0 0 0 rg BT 402.70 422.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 423.05 422.05 Td (and ) Tj ET Q q 0 0 0 rg BT 438.39 422.05 Td (contributed ) Tj ET Q q 0 0 0 rg BT 481.73 422.05 Td ($128.3 ) Tj ET Q q 0 0 0 rg BT 508.83 422.05 Td (million ) Tj ET Q q 0 0 0 rg BT 537.18 422.05 Td (of ) Tj ET Q q 0 0 0 rg BT 547.02 422.05 Td (contract ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 411.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 70.47 411.25 Td (in ) Tj ET Q q 0 0 0 rg BT 79.97 411.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 100.46 411.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 138.43 411.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.92 411.25 Td (nil ) Tj ET Q q 0 0 0 rg BT 159.91 411.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.40 411.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 192.14 411.25 Td (Similarly) Tj ET Q q 0 0 0 rg BT 225.06 411.25 Td (, ) Tj ET Q q 0 0 0 rg BT 229.80 411.25 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 279.27 411.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 313.75 411.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 351.71 411.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.20 411.25 Td ($34.3 ) Tj ET Q q 0 0 0 rg BT 385.94 411.25 Td (million ) Tj ET Q q 0 0 0 rg BT 414.43 411.25 Td (due ) Tj ET Q q 0 0 0 rg BT 429.92 411.25 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 479.39 411.25 Td (work ) Tj ET Q q 0 0 0 rg BT 500.38 411.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.87 411.25 Td (winterize ) Tj ET Q q 0 0 0 rg BT 545.84 411.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.33 411.25 Td (W) Tj ET Q q 0 0 0 rg BT 566.00 411.25 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 400.45 Td (Her) Tj ET Q q 0 0 0 rg BT 49.66 400.45 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.15 400.45 Td (, ) Tj ET Q q 0 0 0 rg BT 72.56 400.45 Td (in ) Tj ET Q q 0 0 0 rg BT 81.71 400.45 Td (2013 ) Tj ET Q q 0 0 0 rg BT 101.87 400.45 Td (of ) Tj ET Q q 0 0 0 rg BT 111.52 400.45 Td ($1) Tj ET Q q 0 0 0 rg BT 120.19 400.45 Td (12.0 ) Tj ET Q q 0 0 0 rg BT 138.09 400.45 Td (million ) Tj ET Q q 0 0 0 rg BT 166.25 400.45 Td (of) Tj ET Q q 0 0 0 rg BT 173.58 400.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 188.73 400.45 Td (by ) Tj ET Q q 0 0 0 rg BT 199.88 400.45 Td (an ) Tj ET Q q 0 0 0 rg BT 210.53 400.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 242.17 400.45 Td (of ) Tj ET Q q 0 0 0 rg BT 251.82 400.45 Td ($74.5 ) Tj ET Q q 0 0 0 rg BT 274.22 400.45 Td (million ) Tj ET Q q 0 0 0 rg BT 302.38 400.45 Td (of ) Tj ET Q q 0 0 0 rg BT 312.03 400.45 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 361.17 400.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 391.80 400.45 Td (from ) Tj ET Q q 0 0 0 rg BT 411.45 400.45 Td (preparing ) Tj ET Q q 0 0 0 rg BT 448.09 400.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.24 400.45 Td (W) Tj ET Q q 0 0 0 rg BT 467.91 400.45 Td (est ) Tj ET Q q 0 0 0 rg BT 479.90 400.45 Td (Alpha ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.56 400.45 Td (for ) Tj ET Q q 0 0 0 rg BT 516.21 400.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 555.85 400.45 Td (in ) Tj ET Q q 0 0 0 rg BT 565.00 400.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 389.65 Td (Kara ) Tj ET Q q 0 0 0 rg BT 55.95 389.65 Td (Sea. ) Tj ET Q q 0 0 0 rg BT 73.65 389.65 Td (Related ) Tj ET Q q 0 0 0 rg BT 103.60 389.65 Td (party ) Tj ET Q q 0 0 0 rg BT 124.55 389.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 158.99 389.65 Td (were ) Tj ET Q q 0 0 0 rg BT 178.94 389.65 Td ($44.9 ) Tj ET Q q 0 0 0 rg BT 201.65 389.65 Td (million ) Tj ET Q q 0 0 0 rg BT 230.11 389.65 Td (in ) Tj ET Q q 0 0 0 rg BT 239.57 389.65 Td (2014 ) Tj ET Q q 0 0 0 rg BT 260.03 389.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 297.97 389.65 Td (to ) Tj ET Q q 0 0 0 rg BT 307.43 389.65 Td ($12.1 ) Tj ET Q q 0 0 0 rg BT 330.14 389.65 Td (million ) Tj ET Q q 0 0 0 rg BT 358.61 389.65 Td (in ) Tj ET Q q 0 0 0 rg BT 368.07 389.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 388.53 389.65 Td (due ) Tj ET Q q 0 0 0 rg BT 403.98 389.65 Td (to ) Tj ET Q q 0 0 0 rg BT 413.44 389.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.90 389.65 Td (W) Tj ET Q q 0 0 0 rg BT 433.57 389.65 Td (est ) Tj ET Q q 0 0 0 rg BT 446.03 389.65 Td (Her) Tj ET Q q 0 0 0 rg BT 459.69 389.65 Td (cules ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.64 389.65 Td (management ) Tj ET Q q 0 0 0 rg BT 529.08 389.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 569.02 389.65 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 378.85 Td (November ) Tj ET Q q 0 0 0 rg BT 76.24 378.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 98.74 378.85 Td (In ) Tj ET Q q 0 0 0 rg BT 108.48 378.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 140.23 378.85 Td (the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 151.22 378.85 Td ( ) Tj ET Q q 0 0 0 rg BT 153.47 378.85 Td (W) Tj ET Q q 0 0 0 rg BT 160.15 378.85 Td (est ) Tj ET Q q 0 0 0 rg BT 172.39 378.85 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.40 378.85 Td ( ) Tj ET Q q 0 0 0 rg BT 194.65 378.85 Td (commenced ) Tj ET Q q 0 0 0 rg BT 240.38 378.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 280.12 378.85 Td (in ) Tj ET Q q 0 0 0 rg BT 289.37 378.85 Td (May ) Tj ET Q q 0 0 0 rg BT 308.12 378.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 330.62 378.85 Td (contributing ) Tj ET Q q 0 0 0 rg BT 376.86 378.85 Td ($79.8 ) Tj ET Q q 0 0 0 rg BT 399.36 378.85 Td (million ) Tj ET Q q 0 0 0 rg BT 427.61 378.85 Td (of ) Tj ET Q q 0 0 0 rg BT 437.36 378.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 471.59 378.85 Td (in ) Tj ET Q q 0 0 0 rg BT 480.85 378.85 Td (2014.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 351.25 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 351.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.92 351.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.68 351.25 Td (expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 337.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 337.45 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 337.45 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 337.45 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.98 337.45 Td (forth ) Tj ET Q q 0 0 0 rg BT 144.73 337.45 Td (our ) Tj ET Q q 0 0 0 rg BT 158.97 337.45 Td (total ) Tj ET Q q 0 0 0 rg BT 177.22 337.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.46 337.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 248.19 337.45 Td (for ) Tj ET Q q 0 0 0 rg BT 260.94 337.45 Td (the ) Tj ET Q q 0 0 0 rg BT 274.18 337.45 Td (year ) Tj ET Q q 0 0 0 rg BT 291.92 337.45 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.66 337.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 368.38 337.45 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.38 337.45 Td ( ) Tj ET Q q 0 0 0 rg BT 388.63 337.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.88 337.45 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.88 337.45 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 295.95 315.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 295.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 295.95 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 295.95 75.00 -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 36.5 295.95 m 351.5 295.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 295.95 m 426.5 295.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 295.95 m 501.5 295.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 295.95 m 426.5 295.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 281.95 m 426.5 281.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 295.95 m 501.5 295.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 281.95 m 501.5 281.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 295.95 m 576.5 295.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 281.95 m 576.5 281.95 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 300.40 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.95 315.35 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.30 306.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.50 297.40 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.95 315.35 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.30 306.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 297.40 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.30 300.40 Td (Increase) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 286.41 Td (Total operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.00 286.41 Td (\(1,380.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 286.41 Td (\(963.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 286.41 Td (43.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 286.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 254.85 Td (T) Tj ET Q q 0 0 0 rg BT 40.87 254.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 56.94 254.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 93.51 254.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 128.58 254.85 Td (for ) Tj ET Q q 0 0 0 rg BT 141.65 254.85 Td (the ) Tj ET Q q 0 0 0 rg BT 155.22 254.85 Td (year ) Tj ET Q q 0 0 0 rg BT 173.29 254.85 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.36 254.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 250.41 254.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.41 254.85 Td ( ) Tj ET Q q 0 0 0 rg BT 270.99 254.85 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.56 254.85 Td (\(1,380.1\) ) Tj ET Q q 0 0 0 rg BT 323.14 254.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.14 254.85 Td ( ) Tj ET Q q 0 0 0 rg BT 351.72 254.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 389.78 254.85 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.36 254.85 Td (\(963.7\) ) Tj ET Q q 0 0 0 rg BT 428.18 254.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.18 254.85 Td ( ) Tj ET Q q 0 0 0 rg BT 456.76 254.85 Td (for ) Tj ET Q q 0 0 0 rg BT 469.83 254.85 Td (the ) Tj ET Q q 0 0 0 rg BT 483.41 254.85 Td (year ) Tj ET Q q 0 0 0 rg BT 501.47 254.85 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.54 254.85 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 244.05 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 244.05 Td (. ) Tj ET Q q 0 0 0 rg BT 58.69 244.05 Td (T) Tj ET Q q 0 0 0 rg BT 63.55 244.05 Td (otal ) Tj ET Q q 0 0 0 rg BT 79.67 244.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.29 244.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 151.40 244.05 Td (consist ) Tj ET Q q 0 0 0 rg BT 179.02 244.05 Td (of ) Tj ET Q q 0 0 0 rg BT 189.15 244.05 Td (vessel ) Tj ET Q q 0 0 0 rg BT 213.77 244.05 Td (and ) Tj ET Q q 0 0 0 rg BT 229.38 244.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 242.01 244.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 278.62 244.05 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 315.98 244.05 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 363.08 244.05 Td (and ) Tj ET Q q 0 0 0 rg BT 378.70 244.05 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 429.06 244.05 Td (general ) Tj ET Q q 0 0 0 rg BT 458.17 244.05 Td (and ) Tj ET Q q 0 0 0 rg BT 473.79 244.05 Td (administrative ) Tj ET Q q 0 0 0 rg BT 527.90 244.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 563.01 244.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 85.38 233.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 122.35 233.25 Td (The ) Tj ET Q q 0 0 0 rg BT 138.74 233.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 170.62 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.02 233.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.40 233.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 251.29 233.25 Td (was ) Tj ET Q q 0 0 0 rg BT 267.69 233.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 303.58 233.25 Td (related ) Tj ET Q q 0 0 0 rg BT 330.46 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.86 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.25 233.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 362.66 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.06 233.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 417.94 233.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 447.83 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.23 233.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 491.63 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.53 233.25 Td ($480.6 ) Tj ET Q q 0 0 0 rg BT 528.68 233.25 Td (million. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.33 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 566.00 233.25 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 222.45 Td (Her) Tj ET Q q 0 0 0 rg BT 49.66 222.45 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.15 222.45 Td ( ) Tj ET Q q 0 0 0 rg BT 70.45 222.45 Td (moving ) Tj ET Q q 0 0 0 rg BT 100.25 222.45 Td (from ) Tj ET Q q 0 0 0 rg BT 120.04 222.45 Td (a ) Tj ET Q q 0 0 0 rg BT 126.33 222.45 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 159.61 222.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 199.38 222.45 Td (to ) Tj ET Q q 0 0 0 rg BT 208.68 222.45 Td (a ) Tj ET Q q 0 0 0 rg BT 214.97 222.45 Td (management ) Tj ET Q q 0 0 0 rg BT 263.25 222.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 303.02 222.45 Td (led ) Tj ET Q q 0 0 0 rg BT 316.31 222.45 Td (to ) Tj ET Q q 0 0 0 rg BT 325.61 222.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 363.38 222.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 399.66 222.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 434.44 222.45 Td (of ) Tj ET Q q 0 0 0 rg BT 444.24 222.45 Td ($78.0 ) Tj ET Q q 0 0 0 rg BT 466.78 222.45 Td (million ) Tj ET Q q 0 0 0 rg BT 495.08 222.45 Td (in ) Tj ET Q q 0 0 0 rg BT 504.38 222.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 526.93 222.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 553.73 222.45 Td (due ) Tj ET Q q 0 0 0 rg BT 569.02 222.45 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 211.65 Td (no ) Tj ET Q q 0 0 0 rg BT 47.82 211.65 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 81.63 211.65 Td (fee ) Tj ET Q q 0 0 0 rg BT 95.44 211.65 Td (of ) Tj ET Q q 0 0 0 rg BT 105.76 211.65 Td ($58.5 ) Tj ET Q q 0 0 0 rg BT 128.84 211.65 Td (million. ) Tj ET Q q 0 0 0 rg BT 159.71 211.65 Td (This ) Tj ET Q q 0 0 0 rg BT 178.54 211.65 Td (was ) Tj ET Q q 0 0 0 rg BT 195.36 211.65 Td (of) Tj ET Q q 0 0 0 rg BT 202.69 211.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 218.51 211.65 Td (by ) Tj ET Q q 0 0 0 rg BT 230.34 211.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.15 211.65 Td (expenses ) Tj ET Q q 0 0 0 rg BT 302.46 211.65 Td (for ) Tj ET Q q 0 0 0 rg BT 315.78 211.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.60 211.65 Td (W) Tj ET Q q 0 0 0 rg BT 336.27 211.65 Td (est ) Tj ET Q q 0 0 0 rg BT 349.09 211.65 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.10 211.65 Td ( ) Tj ET Q q 0 0 0 rg BT 371.93 211.65 Td (commencing ) Tj ET Q q 0 0 0 rg BT 421.24 211.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 461.55 211.65 Td (of ) Tj ET Q q 0 0 0 rg BT 471.87 211.65 Td ($37.7 ) Tj ET Q q 0 0 0 rg BT 494.95 211.65 Td (million. ) Tj ET Q q 0 0 0 rg BT 526.02 211.65 Td (Reimbursable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 200.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 70.44 200.85 Td (decreased ) Tj ET Q q 0 0 0 rg BT 107.86 200.85 Td (by ) Tj ET Q q 0 0 0 rg BT 118.81 200.85 Td ($33.7 ) Tj ET Q q 0 0 0 rg BT 141.02 200.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 171.22 200.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 198.17 200.85 Td (related ) Tj ET Q q 0 0 0 rg BT 224.60 200.85 Td (to ) Tj ET Q q 0 0 0 rg BT 233.55 200.85 Td (the ) Tj ET Q q 0 0 0 rg BT 246.50 200.85 Td (winterization ) Tj ET Q q 0 0 0 rg BT 295.93 200.85 Td (work ) Tj ET Q q 0 0 0 rg BT 316.38 200.85 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.33 200.85 Td (W) Tj ET Q q 0 0 0 rg BT 334.00 200.85 Td (est ) Tj ET Q q 0 0 0 rg BT 345.95 200.85 Td (Her) Tj ET Q q 0 0 0 rg BT 359.61 200.85 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.11 200.85 Td ( ) Tj ET Q q 0 0 0 rg BT 380.06 200.85 Td (which ) Tj ET Q q 0 0 0 rg BT 404.00 200.85 Td (was ) Tj ET Q q 0 0 0 rg BT 419.95 200.85 Td (rechar) Tj ET Q q 0 0 0 rg BT 442.27 200.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 457.21 200.85 Td (to ) Tj ET Q q 0 0 0 rg BT 466.16 200.85 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 491.62 200.85 Td (in ) Tj ET Q q 0 0 0 rg BT 500.57 200.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 522.63 200.85 Td (There ) Tj ET Q q 0 0 0 rg BT 545.56 200.85 Td (was ) Tj ET Q q 0 0 0 rg BT 561.51 200.85 Td (also ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 190.05 Td (an ) Tj ET Q q 0 0 0 rg BT 46.49 190.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 77.97 190.05 Td (in ) Tj ET Q q 0 0 0 rg BT 86.96 190.05 Td (general ) Tj ET Q q 0 0 0 rg BT 115.44 190.05 Td (and ) Tj ET Q q 0 0 0 rg BT 130.43 190.05 Td (administrative ) Tj ET Q q 0 0 0 rg BT 183.91 190.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 218.40 190.05 Td (of ) Tj ET Q q 0 0 0 rg BT 227.89 190.05 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 245.64 190.05 Td (million ) Tj ET Q q 0 0 0 rg BT 273.64 190.05 Td (in ) Tj ET Q q 0 0 0 rg BT 282.63 190.05 Td (professional ) Tj ET Q q 0 0 0 rg BT 328.62 190.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 345.10 190.05 Td (which ) Tj ET Q q 0 0 0 rg BT 369.09 190.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 401.08 190.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 446.06 190.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 462.55 190.05 Td (for ) Tj ET Q q 0 0 0 rg BT 475.04 190.05 Td (the ) Tj ET Q q 0 0 0 rg BT 488.03 190.05 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 518.02 190.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 563.01 190.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 179.25 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 54.00 179.25 Td (million ) Tj ET Q q 0 0 0 rg BT 82.25 179.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.00 179.25 Td (relocating ) Tj ET Q q 0 0 0 rg BT 133.23 179.25 Td (of) Tj ET Q q 0 0 0 rg BT 140.56 179.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 159.80 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.05 179.25 Td (Oslo. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 151.65 Td (Interest ) Tj ET Q q 0 0 0 rg BT 66.75 151.65 Td (expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 65.72 137.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 97.44 137.85 Td (for ) Tj ET Q q 0 0 0 rg BT 110.67 137.85 Td (the ) Tj ET Q q 0 0 0 rg BT 124.40 137.85 Td (year ) Tj ET Q q 0 0 0 rg BT 142.62 137.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.84 137.85 Td (December ) Tj ET Q q 0 0 0 rg BT 206.55 137.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 220.53 137.85 Td (2014 ) Tj ET Q q 0 0 0 rg BT 241.26 137.85 Td (was ) Tj ET Q q 0 0 0 rg BT 257.99 137.85 Td ($103.8 ) Tj ET Q q 0 0 0 rg BT 285.48 137.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 316.46 137.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 354.68 137.85 Td (to ) Tj ET Q q 0 0 0 rg BT 364.41 137.85 Td ($84.9 ) Tj ET Q q 0 0 0 rg BT 387.40 137.85 Td (million ) Tj ET Q q 0 0 0 rg BT 416.13 137.85 Td (for ) Tj ET Q q 0 0 0 rg BT 429.36 137.85 Td (the ) Tj ET Q q 0 0 0 rg BT 443.09 137.85 Td (year ) Tj ET Q q 0 0 0 rg BT 461.31 137.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 485.53 137.85 Td (December ) Tj ET Q q 0 0 0 rg BT 525.24 137.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.22 137.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 562.01 137.85 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 127.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 67.14 127.05 Td (was ) Tj ET Q q 0 0 0 rg BT 82.80 127.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 117.96 127.05 Td (due ) Tj ET Q q 0 0 0 rg BT 132.61 127.05 Td (to ) Tj ET Q q 0 0 0 rg BT 141.28 127.05 Td (an ) Tj ET Q q 0 0 0 rg BT 151.44 127.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 182.58 127.05 Td (in ) Tj ET Q q 0 0 0 rg BT 191.24 127.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 219.40 127.05 Td (bearing ) Tj ET Q q 0 0 0 rg BT 248.05 127.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 265.21 127.05 Td (to ) Tj ET Q q 0 0 0 rg BT 273.87 127.05 Td ($2,774.4 ) Tj ET Q q 0 0 0 rg BT 307.03 127.05 Td (million ) Tj ET Q q 0 0 0 rg BT 334.70 127.05 Td (for ) Tj ET Q q 0 0 0 rg BT 346.86 127.05 Td (the ) Tj ET Q q 0 0 0 rg BT 359.52 127.05 Td (year ) Tj ET Q q 0 0 0 rg BT 376.67 127.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 399.82 127.05 Td (December ) Tj ET Q q 0 0 0 rg BT 438.46 127.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 451.37 127.05 Td (2014 ) Tj ET Q q 0 0 0 rg BT 471.04 127.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 508.18 127.05 Td (to ) Tj ET Q q 0 0 0 rg BT 516.84 127.05 Td ($2,447.9 ) Tj ET Q q 0 0 0 rg BT 550.01 127.05 Td (million ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 45.55 116.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 68.17 116.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.72 116.25 Td (main ) Tj ET Q q 0 0 0 rg BT 105.27 116.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 148.80 116.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 178.34 116.25 Td (took ) Tj ET Q q 0 0 0 rg BT 196.90 116.25 Td (place ) Tj ET Q q 0 0 0 rg BT 218.43 116.25 Td (at ) Tj ET Q q 0 0 0 rg BT 227.48 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.03 116.25 Td (start ) Tj ET Q q 0 0 0 rg BT 259.08 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.13 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.68 116.25 Td (year ) Tj ET Q q 0 0 0 rg BT 300.72 116.25 Td (being ) Tj ET Q q 0 0 0 rg BT 323.27 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.81 116.25 Td ($600 ) Tj ET Q q 0 0 0 rg BT 357.37 116.25 Td (million ) Tj ET Q q 0 0 0 rg BT 385.92 116.25 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 411.72 116.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 437.77 116.25 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 478.81 116.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 502.36 116.25 Td (due ) Tj ET Q q 0 0 0 rg BT 517.91 116.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 538.46 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.02 116.25 Td (January ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 105.45 Td (2014 ) Tj ET Q q 0 0 0 rg BT 56.25 105.45 Td (and ) Tj ET Q q 0 0 0 rg BT 71.49 105.45 Td ($475 ) Tj ET Q q 0 0 0 rg BT 91.74 105.45 Td (million ) Tj ET Q q 0 0 0 rg BT 120.00 105.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 144.74 105.45 Td (Facility ) Tj ET Q q 0 0 0 rg BT 174.49 105.45 Td (for ) Tj ET Q q 0 0 0 rg BT 187.23 105.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.48 105.45 Td (W) Tj ET Q q 0 0 0 rg BT 207.15 105.45 Td (est ) Tj ET Q q 0 0 0 rg BT 219.40 105.45 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.66 105.45 Td (in ) Tj ET Q q 0 0 0 rg BT 250.91 105.45 Td (February ) Tj ET Q q 0 0 0 rg BT 285.64 105.45 Td (2015.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (41) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.75 749.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 95.51 749.95 Td (items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (Other ) Tj ET Q q 0 0 0 rg BT 58.74 736.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.47 736.15 Td (items ) Tj ET Q q 0 0 0 rg BT 114.22 736.15 Td (reported ) Tj ET Q q 0 0 0 rg BT 146.46 736.15 Td (in ) Tj ET Q q 0 0 0 rg BT 155.71 736.15 Td (the ) Tj ET Q q 0 0 0 rg BT 168.95 736.15 Td (income ) Tj ET Q q 0 0 0 rg BT 197.69 736.15 Td (statement ) Tj ET Q q 0 0 0 rg BT 234.43 736.15 Td (include ) Tj ET Q q 0 0 0 rg BT 263.17 736.15 Td (the ) Tj ET Q q 0 0 0 rg BT 276.42 736.15 Td (following ) Tj ET Q q 0 0 0 rg BT 313.66 736.15 Td (items:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 690.65 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 690.65 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 690.65 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 662.65 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 662.65 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 662.65 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 634.65 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 634.65 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 634.65 75.00 -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 36.5 690.65 m 422.5 690.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 690.65 m 497.5 690.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 690.65 m 572.5 690.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 690.65 m 497.5 690.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 634.65 m 497.5 634.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 634.65 m 572.5 634.65 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 695.10 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.95 713.10 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.30 704.10 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.50 695.10 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.95 713.10 Td (Year ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.30 704.10 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.50 695.10 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 681.11 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 681.11 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.75 681.11 Td (0.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 667.11 Td (Loss on derivative financial instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 667.11 Td (\(86.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 667.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.25 667.11 Td (10.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 653.11 Td (Foreign exchange \(loss\)/gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 653.11 Td (41.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.25 653.11 Td (10.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 639.11 Td (Other financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 639.11 Td (\(26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 639.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.75 639.11 Td (\(6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 569.00 639.11 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 625.10 Td (Total other financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 625.11 Td (\(70.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 625.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.25 625.11 Td (15.9) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 607.35 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 593.55 Td (The ) Tj ET Q q 0 0 0 rg BT 52.73 593.55 Td (loss ) Tj ET Q q 0 0 0 rg BT 69.47 593.55 Td (on ) Tj ET Q q 0 0 0 rg BT 81.20 593.55 Td (derivative ) Tj ET Q q 0 0 0 rg BT 119.92 593.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.13 593.55 Td (instruments ) Tj ET Q q 0 0 0 rg BT 198.87 593.55 Td (relates ) Tj ET Q q 0 0 0 rg BT 225.09 593.55 Td (to ) Tj ET Q q 0 0 0 rg BT 234.82 593.55 Td (fair ) Tj ET Q q 0 0 0 rg BT 250.04 593.55 Td (value ) Tj ET Q q 0 0 0 rg BT 272.27 593.55 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 318.00 593.55 Td (to ) Tj ET Q q 0 0 0 rg BT 327.73 593.55 Td (our ) Tj ET Q q 0 0 0 rg BT 342.47 593.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 371.69 593.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 387.91 593.55 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 414.89 593.55 Td (cross ) Tj ET Q q 0 0 0 rg BT 436.13 593.55 Td (currency ) Tj ET Q q 0 0 0 rg BT 470.34 593.55 Td (swaps ) Tj ET Q q 0 0 0 rg BT 495.07 593.55 Td (and ) Tj ET Q q 0 0 0 rg BT 510.80 593.55 Td (forward ) Tj ET Q q 0 0 0 rg BT 542.02 593.55 Td (exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 582.75 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 73.06 582.75 Td (During ) Tj ET Q q 0 0 0 rg BT 100.89 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 114.21 582.75 Td (year ) Tj ET Q q 0 0 0 rg BT 132.03 582.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.85 582.75 Td (December ) Tj ET Q q 0 0 0 rg BT 195.15 582.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.73 582.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 231.31 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.63 582.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 286.44 582.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 302.77 582.75 Td (from ) Tj ET Q q 0 0 0 rg BT 322.60 582.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 360.91 582.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 394.72 582.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 439.05 582.75 Td (was ) Tj ET Q q 0 0 0 rg BT 455.37 582.75 Td ($86.2 ) Tj ET Q q 0 0 0 rg BT 477.95 582.75 Td (million, ) Tj ET Q q 0 0 0 rg BT 508.54 582.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 546.35 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 555.68 582.75 Td (a ) Tj ET Q q 0 0 0 rg BT 562.00 582.75 Td (loss ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 571.95 Td (of ) Tj ET Q q 0 0 0 rg BT 46.09 571.95 Td ($16.1 ) Tj ET Q q 0 0 0 rg BT 68.92 571.95 Td (million ) Tj ET Q q 0 0 0 rg BT 97.51 571.95 Td (for ) Tj ET Q q 0 0 0 rg BT 110.60 571.95 Td (the ) Tj ET Q q 0 0 0 rg BT 124.18 571.95 Td (year ) Tj ET Q q 0 0 0 rg BT 142.26 571.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.33 571.95 Td (December ) Tj ET Q q 0 0 0 rg BT 205.90 571.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 219.74 571.95 Td (2013. ) Tj ET Q q 0 0 0 rg BT 242.39 571.95 Td (These ) Tj ET Q q 0 0 0 rg BT 266.46 571.95 Td (losses ) Tj ET Q q 0 0 0 rg BT 290.56 571.95 Td (were ) Tj ET Q q 0 0 0 rg BT 310.63 571.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 346.71 571.95 Td (due ) Tj ET Q q 0 0 0 rg BT 362.29 571.95 Td (to ) Tj ET Q q 0 0 0 rg BT 371.88 571.95 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 417.46 571.95 Td (for ) Tj ET Q q 0 0 0 rg BT 430.55 571.95 Td (the ) Tj ET Q q 0 0 0 rg BT 444.13 571.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.21 571.95 Td (market ) Tj ET Q q 0 0 0 rg BT 486.78 571.95 Td (value ) Tj ET Q q 0 0 0 rg BT 508.86 571.95 Td (of ) Tj ET Q q 0 0 0 rg BT 518.95 571.95 Td (these ) Tj ET Q q 0 0 0 rg BT 540.03 571.95 Td (derivative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 561.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.73 561.15 Td (instruments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 547.35 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 66.25 547.35 Td (exchange ) Tj ET Q q 0 0 0 rg BT 102.49 547.35 Td (gain ) Tj ET Q q 0 0 0 rg BT 120.24 547.35 Td (was ) Tj ET Q q 0 0 0 rg BT 136.50 547.35 Td ($41.0 ) Tj ET Q q 0 0 0 rg BT 159.00 547.35 Td (million ) Tj ET Q q 0 0 0 rg BT 187.26 547.35 Td (for ) Tj ET Q q 0 0 0 rg BT 200.01 547.35 Td (the ) Tj ET Q q 0 0 0 rg BT 213.26 547.35 Td (year ) Tj ET Q q 0 0 0 rg BT 231.01 547.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 254.75 547.35 Td (December ) Tj ET Q q 0 0 0 rg BT 293.99 547.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 307.49 547.35 Td (2014, ) Tj ET Q q 0 0 0 rg BT 330.00 547.35 Td (compared ) Tj ET Q q 0 0 0 rg BT 367.74 547.35 Td (to ) Tj ET Q q 0 0 0 rg BT 377.00 547.35 Td (a ) Tj ET Q q 0 0 0 rg BT 383.25 547.35 Td (gain ) Tj ET Q q 0 0 0 rg BT 401.00 547.35 Td (of ) Tj ET Q q 0 0 0 rg BT 410.75 547.35 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 433.26 547.35 Td (million ) Tj ET Q q 0 0 0 rg BT 461.52 547.35 Td (in ) Tj ET Q q 0 0 0 rg BT 470.78 547.35 Td (the ) Tj ET Q q 0 0 0 rg BT 484.03 547.35 Td (year ) Tj ET Q q 0 0 0 rg BT 501.77 547.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 525.52 547.35 Td (December ) Tj ET Q q 0 0 0 rg BT 564.75 547.35 Td (31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.55 Td (2013. ) Tj ET Q q 0 0 0 rg BT 58.61 536.55 Td (This ) Tj ET Q q 0 0 0 rg BT 77.16 536.55 Td (was ) Tj ET Q q 0 0 0 rg BT 93.71 536.55 Td (primarily ) Tj ET Q q 0 0 0 rg BT 129.75 536.55 Td (due ) Tj ET Q q 0 0 0 rg BT 145.29 536.55 Td (to ) Tj ET Q q 0 0 0 rg BT 154.84 536.55 Td (the ) Tj ET Q q 0 0 0 rg BT 168.39 536.55 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 210.92 536.55 Td (kroner ) Tj ET Q q 0 0 0 rg BT 236.96 536.55 Td (weakening ) Tj ET Q q 0 0 0 rg BT 278.49 536.55 Td (against ) Tj ET Q q 0 0 0 rg BT 306.53 536.55 Td (the ) Tj ET Q q 0 0 0 rg BT 320.08 536.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 338.63 536.55 Td (dollar ) Tj ET Q q 0 0 0 rg BT 362.17 536.55 Td (during ) Tj ET Q q 0 0 0 rg BT 388.22 536.55 Td (2014 ) Tj ET Q q 0 0 0 rg BT 408.77 536.55 Td (and ) Tj ET Q q 0 0 0 rg BT 424.31 536.55 Td (2013 ) Tj ET Q q 0 0 0 rg BT 444.86 536.55 Td (in ) Tj ET Q q 0 0 0 rg BT 454.41 536.55 Td (respect ) Tj ET Q q 0 0 0 rg BT 482.44 536.55 Td (of ) Tj ET Q q 0 0 0 rg BT 492.49 536.55 Td (our ) Tj ET Q q 0 0 0 rg BT 507.03 536.55 Td (NOK-denominated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 525.75 Td (debt. ) Tj ET Q q 0 0 0 rg BT 55.22 525.75 Td (The ) Tj ET Q q 0 0 0 rg BT 70.81 525.75 Td (other ) Tj ET Q q 0 0 0 rg BT 90.90 525.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.97 525.75 Td (items ) Tj ET Q q 0 0 0 rg BT 145.07 525.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.16 525.75 Td ($26.0 ) Tj ET Q q 0 0 0 rg BT 176.00 525.75 Td (million ) Tj ET Q q 0 0 0 rg BT 203.60 525.75 Td (are ) Tj ET Q q 0 0 0 rg BT 216.18 525.75 Td (mostly ) Tj ET Q q 0 0 0 rg BT 242.28 525.75 Td (related ) Tj ET Q q 0 0 0 rg BT 268.35 525.75 Td (to ) Tj ET Q q 0 0 0 rg BT 276.95 525.75 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 298.79 525.75 Td (million ) Tj ET Q q 0 0 0 rg BT 326.39 525.75 Td (termination ) Tj ET Q q 0 0 0 rg BT 369.47 525.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 382.05 525.75 Td (for ) Tj ET Q q 0 0 0 rg BT 394.14 525.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.73 525.75 Td ($500 ) Tj ET Q q 0 0 0 rg BT 426.32 525.75 Td (million ) Tj ET Q q 0 0 0 rg BT 453.92 525.75 Td (7.75% ) Tj ET Q q 0 0 0 rg BT 478.76 525.75 Td (bond ) Tj ET Q q 0 0 0 rg BT 498.36 525.75 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 534.93 525.75 Td (in ) Tj ET Q q 0 0 0 rg BT 543.52 525.75 Td (February ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.95 Td (2014.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 487.35 Td (Income ) Tj ET Q q 0 0 0 rg BT 66.25 487.35 Td (taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 473.55 Td (Income ) Tj ET Q q 0 0 0 rg BT 65.33 473.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 78.66 473.55 Td (expense ) Tj ET Q q 0 0 0 rg BT 109.99 473.55 Td (was ) Tj ET Q q 0 0 0 rg BT 126.33 473.55 Td ($29.6 ) Tj ET Q q 0 0 0 rg BT 148.92 473.55 Td (million ) Tj ET Q q 0 0 0 rg BT 177.27 473.55 Td (for ) Tj ET Q q 0 0 0 rg BT 190.10 473.55 Td (the ) Tj ET Q q 0 0 0 rg BT 203.44 473.55 Td (year ) Tj ET Q q 0 0 0 rg BT 221.26 473.55 Td (ended ) Tj ET Q q 0 0 0 rg BT 245.10 473.55 Td (December ) Tj ET Q q 0 0 0 rg BT 284.41 473.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 298.00 473.55 Td (2014, ) Tj ET Q q 0 0 0 rg BT 320.59 473.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 358.42 473.55 Td (to ) Tj ET Q q 0 0 0 rg BT 367.76 473.55 Td ($28.9 ) Tj ET Q q 0 0 0 rg BT 390.35 473.55 Td (million ) Tj ET Q q 0 0 0 rg BT 418.69 473.55 Td (for ) Tj ET Q q 0 0 0 rg BT 431.53 473.55 Td (the ) Tj ET Q q 0 0 0 rg BT 444.87 473.55 Td (year ) Tj ET Q q 0 0 0 rg BT 462.69 473.55 Td (ended ) Tj ET Q q 0 0 0 rg BT 486.52 473.55 Td (December ) Tj ET Q q 0 0 0 rg BT 525.84 473.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.43 473.55 Td (2013. ) Tj ET Q q 0 0 0 rg BT 562.02 473.55 Td (Our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 462.75 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 462.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 69.31 462.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 82.31 462.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 97.80 462.75 Td (was ) Tj ET Q q 0 0 0 rg BT 113.80 462.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 167.78 462.75 Td (\(10.2%\) ) Tj ET Q q 0 0 0 rg BT 199.03 462.75 Td (for ) Tj ET Q q 0 0 0 rg BT 211.52 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 224.52 462.75 Td (year ) Tj ET Q q 0 0 0 rg BT 242.01 462.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 265.50 462.75 Td (December ) Tj ET Q q 0 0 0 rg BT 304.48 462.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 317.73 462.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 339.98 462.75 Td (as ) Tj ET Q q 0 0 0 rg BT 349.48 462.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 386.96 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 395.96 462.75 Td (10.9% ) Tj ET Q q 0 0 0 rg BT 421.21 462.75 Td (for ) Tj ET Q q 0 0 0 rg BT 433.71 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 446.71 462.75 Td (year ) Tj ET Q q 0 0 0 rg BT 464.19 462.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 487.69 462.75 Td (December ) Tj ET Q q 0 0 0 rg BT 526.66 462.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.92 462.75 Td (2013. ) Tj ET Q q 0 0 0 rg BT 562.02 462.75 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 451.95 Td (negative ) Tj ET Q q 0 0 0 rg BT 68.99 451.95 Td (ef) Tj ET Q q 0 0 0 rg BT 75.82 451.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 102.81 451.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 116.31 451.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 132.30 451.95 Td (results ) Tj ET Q q 0 0 0 rg BT 158.30 451.95 Td (from ) Tj ET Q q 0 0 0 rg BT 178.30 451.95 Td (the ) Tj ET Q q 0 0 0 rg BT 191.80 451.95 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 236.79 451.95 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.30 451.95 Td (on ) Tj ET Q q 0 0 0 rg BT 264.80 451.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 308.79 451.95 Td (of ) Tj ET Q q 0 0 0 rg BT 318.80 451.95 Td ($480.6 ) Tj ET Q q 0 0 0 rg BT 346.05 451.95 Td (million ) Tj ET Q q 0 0 0 rg BT 374.56 451.95 Td (which ) Tj ET Q q 0 0 0 rg BT 399.06 451.95 Td (was ) Tj ET Q q 0 0 0 rg BT 415.56 451.95 Td (recognized ) Tj ET Q q 0 0 0 rg BT 457.54 451.95 Td (during ) Tj ET Q q 0 0 0 rg BT 483.54 451.95 Td (the ) Tj ET Q q 0 0 0 rg BT 497.04 451.95 Td (year ) Tj ET Q q 0 0 0 rg BT 515.03 451.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 539.03 451.95 Td (December ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 441.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 49.49 441.15 Td (2014. ) Tj ET Q q 0 0 0 rg BT 71.98 441.15 Td (On ) Tj ET Q q 0 0 0 rg BT 84.72 441.15 Td (April ) Tj ET Q q 0 0 0 rg BT 105.95 441.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 114.94 441.15 Td (2014, ) Tj ET Q q 0 0 0 rg BT 137.43 441.15 Td (there ) Tj ET Q q 0 0 0 rg BT 157.65 441.15 Td (was ) Tj ET Q q 0 0 0 rg BT 173.89 441.15 Td (a ) Tj ET Q q 0 0 0 rg BT 180.12 441.15 Td (legislation ) Tj ET Q q 0 0 0 rg BT 219.85 441.15 Td (change ) Tj ET Q q 0 0 0 rg BT 247.58 441.15 Td (to ) Tj ET Q q 0 0 0 rg BT 256.81 441.15 Td (the ) Tj ET Q q 0 0 0 rg BT 270.05 441.15 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 303.27 441.15 Td (charter ) Tj ET Q q 0 0 0 rg BT 330.48 441.15 Td (measure ) Tj ET Q q 0 0 0 rg BT 362.70 441.15 Td (in ) Tj ET Q q 0 0 0 rg BT 371.94 441.15 Td (the ) Tj ET Q q 0 0 0 rg BT 385.17 441.15 Td (United ) Tj ET Q q 0 0 0 rg BT 411.91 441.15 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 448.15 441.15 Td (where ) Tj ET Q q 0 0 0 rg BT 472.37 441.15 Td (a ) Tj ET Q q 0 0 0 rg BT 478.60 441.15 Td (cap ) Tj ET Q q 0 0 0 rg BT 493.33 441.15 Td (on ) Tj ET Q q 0 0 0 rg BT 504.57 441.15 Td (the ) Tj ET Q q 0 0 0 rg BT 517.80 441.15 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 551.02 441.15 Td (charter ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 430.35 Td (deduction ) Tj ET Q q 0 0 0 rg BT 73.74 430.35 Td (was ) Tj ET Q q 0 0 0 rg BT 89.99 430.35 Td (introduced. ) Tj ET Q q 0 0 0 rg BT 132.81 430.35 Td (The ) Tj ET Q q 0 0 0 rg BT 149.05 430.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 175.79 430.35 Td (on ) Tj ET Q q 0 0 0 rg BT 187.04 430.35 Td (the ) Tj ET Q q 0 0 0 rg BT 200.29 430.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 213.53 430.35 Td (expense ) Tj ET Q q 0 0 0 rg BT 244.77 430.35 Td (for ) Tj ET Q q 0 0 0 rg BT 257.52 430.35 Td (the ) Tj ET Q q 0 0 0 rg BT 270.76 430.35 Td (year ) Tj ET Q q 0 0 0 rg BT 288.50 430.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 312.24 430.35 Td (December ) Tj ET Q q 0 0 0 rg BT 351.46 430.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 364.96 430.35 Td (2014 ) Tj ET Q q 0 0 0 rg BT 385.21 430.35 Td (was ) Tj ET Q q 0 0 0 rg BT 401.46 430.35 Td (an ) Tj ET Q q 0 0 0 rg BT 412.20 430.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 443.93 430.35 Td (of ) Tj ET Q q 0 0 0 rg BT 453.68 430.35 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 471.68 430.35 Td (million. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 416.55 Td (Significant ) Tj ET Q q 0 0 0 rg BT 77.52 416.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 110.05 416.55 Td (of ) Tj ET Q q 0 0 0 rg BT 119.57 416.55 Td (our ) Tj ET Q q 0 0 0 rg BT 133.59 416.55 Td (income ) Tj ET Q q 0 0 0 rg BT 162.11 416.55 Td (and ) Tj ET Q q 0 0 0 rg BT 177.13 416.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.16 416.55 Td (are ) Tj ET Q q 0 0 0 rg BT 210.17 416.55 Td (reported ) Tj ET Q q 0 0 0 rg BT 242.18 416.55 Td (in ) Tj ET Q q 0 0 0 rg BT 251.21 416.55 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 295.72 416.55 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 342.24 416.55 Td (such ) Tj ET Q q 0 0 0 rg BT 360.77 416.55 Td (as ) Tj ET Q q 0 0 0 rg BT 370.29 416.55 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 407.41 416.55 Td (The ) Tj ET Q q 0 0 0 rg BT 423.43 416.55 Td (drilling ) Tj ET Q q 0 0 0 rg BT 451.96 416.55 Td (rig ) Tj ET Q q 0 0 0 rg BT 463.98 416.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 503.50 416.55 Td (are ) Tj ET Q q 0 0 0 rg BT 516.51 416.55 Td (normally ) Tj ET Q q 0 0 0 rg BT 551.03 416.55 Td (carried ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 405.75 Td (out ) Tj ET Q q 0 0 0 rg BT 49.38 405.75 Td (in ) Tj ET Q q 0 0 0 rg BT 58.26 405.75 Td (taxable ) Tj ET Q q 0 0 0 rg BT 86.12 405.75 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 134.74 405.75 Td (In ) Tj ET Q q 0 0 0 rg BT 144.12 405.75 Td (the ) Tj ET Q q 0 0 0 rg BT 156.99 405.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 169.86 405.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 216.24 405.75 Td (where ) Tj ET Q q 0 0 0 rg BT 240.10 405.75 Td (we ) Tj ET Q q 0 0 0 rg BT 252.48 405.75 Td (operate, ) Tj ET Q q 0 0 0 rg BT 283.08 405.75 Td (the ) Tj ET Q q 0 0 0 rg BT 295.96 405.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 331.81 405.75 Td (income ) Tj ET Q q 0 0 0 rg BT 360.18 405.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.05 405.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 391.92 405.75 Td (range ) Tj ET Q q 0 0 0 rg BT 413.78 405.75 Td (from ) Tj ET Q q 0 0 0 rg BT 433.16 405.75 Td (20% ) Tj ET Q q 0 0 0 rg BT 451.53 405.75 Td (to ) Tj ET Q q 0 0 0 rg BT 460.41 405.75 Td (27% ) Tj ET Q q 0 0 0 rg BT 478.78 405.75 Td (for ) Tj ET Q q 0 0 0 rg BT 491.15 405.75 Td (earned ) Tj ET Q q 0 0 0 rg BT 517.01 405.75 Td (income. ) Tj ET Q q 0 0 0 rg BT 547.63 405.75 Td (Further) Tj ET Q q 0 0 0 rg BT 573.76 405.75 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.95 Td (losses ) Tj ET Q q 0 0 0 rg BT 59.65 394.95 Td (in ) Tj ET Q q 0 0 0 rg BT 68.79 394.95 Td (one ) Tj ET Q q 0 0 0 rg BT 83.93 394.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.07 394.95 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 140.22 394.95 Td (may ) Tj ET Q q 0 0 0 rg BT 157.86 394.95 Td (not ) Tj ET Q q 0 0 0 rg BT 171.50 394.95 Td (be ) Tj ET Q q 0 0 0 rg BT 182.14 394.95 Td (of) Tj ET Q q 0 0 0 rg BT 189.48 394.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 204.62 394.95 Td (against ) Tj ET Q q 0 0 0 rg BT 232.26 394.95 Td (taxable ) Tj ET Q q 0 0 0 rg BT 260.39 394.95 Td (income ) Tj ET Q q 0 0 0 rg BT 289.02 394.95 Td (in ) Tj ET Q q 0 0 0 rg BT 298.17 394.95 Td (other ) Tj ET Q q 0 0 0 rg BT 318.81 394.95 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 367.23 394.95 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 411.63 394.95 Td (, ) Tj ET Q q 0 0 0 rg BT 416.02 394.95 Td (the ) Tj ET Q q 0 0 0 rg BT 429.17 394.95 Td (ef) Tj ET Q q 0 0 0 rg BT 435.99 394.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 462.62 394.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.76 394.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 491.40 394.95 Td (may ) Tj ET Q q 0 0 0 rg BT 509.04 394.95 Td (dif) Tj ET Q q 0 0 0 rg BT 518.87 394.95 Td (fer ) Tj ET Q q 0 0 0 rg BT 531.00 394.95 Td (significantly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 384.15 Td (from ) Tj ET Q q 0 0 0 rg BT 55.74 384.15 Td (period ) Tj ET Q q 0 0 0 rg BT 80.99 384.15 Td (to ) Tj ET Q q 0 0 0 rg BT 90.24 384.15 Td (period ) Tj ET Q q 0 0 0 rg BT 115.48 384.15 Td (depending ) Tj ET Q q 0 0 0 rg BT 155.22 384.15 Td (on ) Tj ET Q q 0 0 0 rg BT 166.47 384.15 Td (the ) Tj ET Q q 0 0 0 rg BT 179.71 384.15 Td (level ) Tj ET Q q 0 0 0 rg BT 199.45 384.15 Td (of ) Tj ET Q q 0 0 0 rg BT 209.20 384.15 Td (activity ) Tj ET Q q 0 0 0 rg BT 238.44 384.15 Td (in ) Tj ET Q q 0 0 0 rg BT 247.69 384.15 Td (and ) Tj ET Q q 0 0 0 rg BT 262.94 384.15 Td (mix ) Tj ET Q q 0 0 0 rg BT 279.19 384.15 Td (of ) Tj ET Q q 0 0 0 rg BT 288.94 384.15 Td (each ) Tj ET Q q 0 0 0 rg BT 307.67 384.15 Td (of ) Tj ET Q q 0 0 0 rg BT 317.42 384.15 Td (the ) Tj ET Q q 0 0 0 rg BT 330.66 384.15 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.91 384.15 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 390.66 384.15 Td (in ) Tj ET Q q 0 0 0 rg BT 399.91 384.15 Td (which ) Tj ET Q q 0 0 0 rg BT 424.15 384.15 Td (our ) Tj ET Q q 0 0 0 rg BT 438.40 384.15 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.14 384.15 Td (are ) Tj ET Q q 0 0 0 rg BT 491.37 384.15 Td (conducted.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 355.35 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 355.35 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 197.68 355.35 Td (ces) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 326.55 Td (Overview) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 312.75 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 312.75 Td (e ) Tj ET Q q 0 0 0 rg BT 49.81 312.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 78.33 312.75 Td (in ) Tj ET Q q 0 0 0 rg BT 87.36 312.75 Td (a ) Tj ET Q q 0 0 0 rg BT 93.40 312.75 Td (capital-intensive ) Tj ET Q q 0 0 0 rg BT 154.91 312.75 Td (industry) Tj ET Q q 0 0 0 rg BT 183.83 312.75 Td (. ) Tj ET Q q 0 0 0 rg BT 188.12 312.75 Td (Historically) Tj ET Q q 0 0 0 rg BT 230.02 312.75 Td (, ) Tj ET Q q 0 0 0 rg BT 234.31 312.75 Td (our ) Tj ET Q q 0 0 0 rg BT 248.34 312.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 289.88 312.75 Td (in ) Tj ET Q q 0 0 0 rg BT 298.92 312.75 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 334.45 312.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 362.99 312.75 Td (units, ) Tj ET Q q 0 0 0 rg BT 384.78 312.75 Td (secondhand ) Tj ET Q q 0 0 0 rg BT 429.30 312.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 457.84 312.75 Td (units ) Tj ET Q q 0 0 0 rg BT 477.38 312.75 Td (and ) Tj ET Q q 0 0 0 rg BT 492.41 312.75 Td (our ) Tj ET Q q 0 0 0 rg BT 506.45 312.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 547.98 312.75 Td (of ) Tj ET Q q 0 0 0 rg BT 557.51 312.75 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 301.95 Td (companies ) Tj ET Q q 0 0 0 rg BT 76.49 301.95 Td (has ) Tj ET Q q 0 0 0 rg BT 90.49 301.95 Td (been ) Tj ET Q q 0 0 0 rg BT 109.49 301.95 Td (financed ) Tj ET Q q 0 0 0 rg BT 142.47 301.95 Td (through ) Tj ET Q q 0 0 0 rg BT 172.47 301.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.47 301.95 Td (generated ) Tj ET Q q 0 0 0 rg BT 227.45 301.95 Td (from ) Tj ET Q q 0 0 0 rg BT 246.95 301.95 Td (operations, ) Tj ET Q q 0 0 0 rg BT 288.69 301.95 Td (and ) Tj ET Q q 0 0 0 rg BT 303.69 301.95 Td (a ) Tj ET Q q 0 0 0 rg BT 309.69 301.95 Td (combination ) Tj ET Q q 0 0 0 rg BT 356.68 301.95 Td (of ) Tj ET Q q 0 0 0 rg BT 366.18 301.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 390.68 301.95 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 428.93 301.95 Td (bond ) Tj ET Q q 0 0 0 rg BT 448.93 301.95 Td (and ) Tj ET Q q 0 0 0 rg BT 463.93 301.95 Td (convertible ) Tj ET Q q 0 0 0 rg BT 506.42 301.95 Td (bond ) Tj ET Q q 0 0 0 rg BT 526.42 301.95 Td (of) Tj ET Q q 0 0 0 rg BT 533.76 301.95 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 563.00 301.95 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 291.15 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 78.85 291.15 Td (from ) Tj ET Q q 0 0 0 rg BT 98.19 291.15 Td (commercial ) Tj ET Q q 0 0 0 rg BT 142.52 291.15 Td (banks ) Tj ET Q q 0 0 0 rg BT 165.37 291.15 Td (and ) Tj ET Q q 0 0 0 rg BT 180.22 291.15 Td (export ) Tj ET Q q 0 0 0 rg BT 205.06 291.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 227.40 291.15 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 262.48 291.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 278.33 291.15 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 310.68 291.15 Td (requirements ) Tj ET Q q 0 0 0 rg BT 359.51 291.15 Td (relate ) Tj ET Q q 0 0 0 rg BT 381.35 291.15 Td (to ) Tj ET Q q 0 0 0 rg BT 390.20 291.15 Td (servicing ) Tj ET Q q 0 0 0 rg BT 425.04 291.15 Td (and ) Tj ET Q q 0 0 0 rg BT 439.89 291.15 Td (repaying ) Tj ET Q q 0 0 0 rg BT 473.22 291.15 Td (our ) Tj ET Q q 0 0 0 rg BT 487.07 291.15 Td (debt, ) Tj ET Q q 0 0 0 rg BT 506.67 291.15 Td (funding ) Tj ET Q q 0 0 0 rg BT 536.52 291.15 Td (investment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 280.35 Td (in ) Tj ET Q q 0 0 0 rg BT 45.73 280.35 Td (drilling ) Tj ET Q q 0 0 0 rg BT 74.96 280.35 Td (units, ) Tj ET Q q 0 0 0 rg BT 97.44 280.35 Td (funding ) Tj ET Q q 0 0 0 rg BT 128.17 280.35 Td (working ) Tj ET Q q 0 0 0 rg BT 160.90 280.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 187.61 280.35 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 239.57 280.35 Td (funding ) Tj ET Q q 0 0 0 rg BT 270.30 280.35 Td (potential ) Tj ET Q q 0 0 0 rg BT 304.52 280.35 Td (dividend ) Tj ET Q q 0 0 0 rg BT 338.75 280.35 Td (payments ) Tj ET Q q 0 0 0 rg BT 375.97 280.35 Td (and ) Tj ET Q q 0 0 0 rg BT 391.70 280.35 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 437.42 280.35 Td (adequate ) Tj ET Q q 0 0 0 rg BT 472.13 280.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.85 280.35 Td (reserves ) Tj ET Q q 0 0 0 rg BT 523.06 280.35 Td (to ) Tj ET Q q 0 0 0 rg BT 532.79 280.35 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 565.01 280.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 269.55 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 269.55 Td (fects ) Tj ET Q q 0 0 0 rg BT 61.88 269.55 Td (of ) Tj ET Q q 0 0 0 rg BT 71.43 269.55 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 115.98 269.55 Td (in ) Tj ET Q q 0 0 0 rg BT 125.03 269.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.08 269.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.13 269.55 Td (flows. ) Tj ET Q q 0 0 0 rg BT 203.43 269.55 Td (Most ) Tj ET Q q 0 0 0 rg BT 223.99 269.55 Td (of ) Tj ET Q q 0 0 0 rg BT 233.55 269.55 Td (our ) Tj ET Q q 0 0 0 rg BT 247.60 269.55 Td (contract ) Tj ET Q q 0 0 0 rg BT 278.64 269.55 Td (and ) Tj ET Q q 0 0 0 rg BT 293.69 269.55 Td (other ) Tj ET Q q 0 0 0 rg BT 314.24 269.55 Td (revenues ) Tj ET Q q 0 0 0 rg BT 348.28 269.55 Td (are ) Tj ET Q q 0 0 0 rg BT 361.32 269.55 Td (received ) Tj ET Q q 0 0 0 rg BT 393.86 269.55 Td (monthly ) Tj ET Q q 0 0 0 rg BT 425.91 269.55 Td (in ) Tj ET Q q 0 0 0 rg BT 434.97 269.55 Td (arrears, ) Tj ET Q q 0 0 0 rg BT 463.75 269.55 Td (and ) Tj ET Q q 0 0 0 rg BT 478.81 269.55 Td (most ) Tj ET Q q 0 0 0 rg BT 498.37 269.55 Td (of ) Tj ET Q q 0 0 0 rg BT 507.92 269.55 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 269.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 558.02 269.55 Td (costs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 258.75 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 258.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 66.98 258.75 Td (on ) Tj ET Q q 0 0 0 rg BT 78.23 258.75 Td (a ) Tj ET Q q 0 0 0 rg BT 84.48 258.75 Td (monthly ) Tj ET Q q 0 0 0 rg BT 116.73 258.75 Td (basis. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 231.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.69 231.15 Td (funding ) Tj ET Q q 0 0 0 rg BT 81.38 231.15 Td (and ) Tj ET Q q 0 0 0 rg BT 96.07 231.15 Td (treasury ) Tj ET Q q 0 0 0 rg BT 126.75 231.15 Td (activities ) Tj ET Q q 0 0 0 rg BT 160.93 231.15 Td (are ) Tj ET Q q 0 0 0 rg BT 173.61 231.15 Td (conducted ) Tj ET Q q 0 0 0 rg BT 212.28 231.15 Td (within ) Tj ET Q q 0 0 0 rg BT 236.98 231.15 Td (corporate ) Tj ET Q q 0 0 0 rg BT 272.65 231.15 Td (policies ) Tj ET Q q 0 0 0 rg BT 302.34 231.15 Td (to ) Tj ET Q q 0 0 0 rg BT 311.03 231.15 Td (maximize ) Tj ET Q q 0 0 0 rg BT 348.21 231.15 Td (returns ) Tj ET Q q 0 0 0 rg BT 374.89 231.15 Td (while ) Tj ET Q q 0 0 0 rg BT 396.58 231.15 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 441.27 231.15 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 483.94 231.15 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 516.13 231.15 Td (for ) Tj ET Q q 0 0 0 rg BT 528.32 231.15 Td (our ) Tj ET Q q 0 0 0 rg BT 542.01 231.15 Td (operating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 220.35 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 87.48 220.35 Td (Cash ) Tj ET Q q 0 0 0 rg BT 107.73 220.35 Td (and ) Tj ET Q q 0 0 0 rg BT 122.98 220.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.22 220.35 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 184.46 220.35 Td (are ) Tj ET Q q 0 0 0 rg BT 197.69 220.35 Td (held ) Tj ET Q q 0 0 0 rg BT 215.44 220.35 Td (mainly ) Tj ET Q q 0 0 0 rg BT 242.68 220.35 Td (in ) Tj ET Q q 0 0 0 rg BT 251.93 220.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 270.19 220.35 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 299.18 220.35 Td (with ) Tj ET Q q 0 0 0 rg BT 317.43 220.35 Td (lesser ) Tj ET Q q 0 0 0 rg BT 340.18 220.35 Td (amounts ) Tj ET Q q 0 0 0 rg BT 372.92 220.35 Td (held ) Tj ET Q q 0 0 0 rg BT 390.67 220.35 Td (in ) Tj ET Q q 0 0 0 rg BT 399.92 220.35 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 442.16 220.35 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 469.89 220.35 Td (and ) Tj ET Q q 0 0 0 rg BT 485.14 220.35 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 520.37 220.35 Td (Real.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 192.75 Td (This ) Tj ET Q q 0 0 0 rg BT 54.25 192.75 Td (section ) Tj ET Q q 0 0 0 rg BT 81.99 192.75 Td (discusses ) Tj ET Q q 0 0 0 rg BT 117.74 192.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.99 192.75 Td (most ) Tj ET Q q 0 0 0 rg BT 150.74 192.75 Td (important ) Tj ET Q q 0 0 0 rg BT 187.98 192.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 214.72 192.75 Td (af) Tj ET Q q 0 0 0 rg BT 221.55 192.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 248.79 192.75 Td (the ) Tj ET Q q 0 0 0 rg BT 262.03 192.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 294.79 192.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.03 192.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 336.27 192.75 Td (resources ) Tj ET Q q 0 0 0 rg BT 372.50 192.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.25 192.75 Td (the ) Tj ET Q q 0 0 0 rg BT 395.49 192.75 Td (company) Tj ET Q q 0 0 0 rg BT 427.90 192.75 Td (, ) Tj ET Q q 0 0 0 rg BT 432.40 192.75 Td (including:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 178.95 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 178.95 Td (summary ) Tj ET Q q 0 0 0 rg BT 107.75 178.95 Td (of ) Tj ET Q q 0 0 0 rg BT 117.49 178.95 Td (our ) Tj ET Q q 0 0 0 rg BT 131.74 178.95 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 171.48 178.95 Td (activities;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 165.15 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 165.15 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 104.75 165.15 Td (outlook;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 151.35 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 151.35 Td (our ) Tj ET Q q 0 0 0 rg BT 86.25 151.35 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 133.49 151.35 Td (program;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 137.55 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 137.55 Td (key ) Tj ET Q q 0 0 0 rg BT 87.24 137.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.98 137.55 Td (covenants ) Tj ET Q q 0 0 0 rg BT 159.21 137.55 Td (contained ) Tj ET Q q 0 0 0 rg BT 196.45 137.55 Td (in ) Tj ET Q q 0 0 0 rg BT 205.70 137.55 Td (our ) Tj ET Q q 0 0 0 rg BT 219.95 137.55 Td (borrowings; ) Tj ET Q q 0 0 0 rg BT 265.69 137.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 123.75 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 123.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 101.24 123.75 Td (and ) Tj ET Q q 0 0 0 rg BT 116.49 123.75 Td (uses ) Tj ET Q q 0 0 0 rg BT 134.24 123.75 Td (of ) Tj ET Q q 0 0 0 rg BT 143.98 123.75 Td (cash.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 94.95 Td (Summary of our) Tj ET Q q 0 0 0 rg BT 106.37 94.95 Td ( borr) Tj ET Q q 0 0 0 rg BT 128.13 94.95 Td (owing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 81.15 Td (As ) Tj ET Q q 0 0 0 rg BT 49.06 81.15 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.61 81.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 113.13 81.15 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.13 81.15 Td (, ) Tj ET Q q 0 0 0 rg BT 136.44 81.15 Td (we ) Tj ET Q q 0 0 0 rg BT 149.98 81.15 Td (had ) Tj ET Q q 0 0 0 rg BT 166.03 81.15 Td (total ) Tj ET Q q 0 0 0 rg BT 185.08 81.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 230.13 81.15 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 274.18 81.15 Td (under ) Tj ET Q q 0 0 0 rg BT 297.73 81.15 Td (our ) Tj ET Q q 0 0 0 rg BT 312.78 81.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 336.32 81.15 Td (facilities ) Tj ET Q q 0 0 0 rg BT 370.36 81.15 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.91 81.15 Td ($2,449.6 ) Tj ET Q q 0 0 0 rg BT 415.46 81.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.46 81.15 Td (, ) Tj ET Q q 0 0 0 rg BT 446.77 81.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 485.30 81.15 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.36 81.15 Td ($2,730.1 ) Tj ET Q q 0 0 0 rg BT 529.91 81.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.91 81.15 Td ( ) Tj ET Q q 0 0 0 rg BT 558.96 81.15 Td (as ) Tj ET Q q 0 0 0 rg BT 569.52 81.15 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 70.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 88.73 70.35 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.73 70.35 Td (. ) Tj ET Q q 0 0 0 rg BT 111.23 70.35 Td ( ) Tj ET Q q 0 0 0 rg BT 113.31 70.35 Td (This ) Tj ET Q q 0 0 0 rg BT 131.56 70.35 Td (includes ) Tj ET Q q 0 0 0 rg BT 163.81 70.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 192.55 70.35 Td (bearing ) Tj ET Q q 0 0 0 rg BT 221.78 70.35 Td (debt ) Tj ET Q q 0 0 0 rg BT 239.53 70.35 Td (under ) Tj ET Q q 0 0 0 rg BT 262.27 70.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 280.02 70.35 Td (agreements ) Tj ET Q q 0 0 0 rg BT 323.24 70.35 Td (with ) Tj ET Q q 0 0 0 rg BT 341.49 70.35 Td (related ) Tj ET Q q 0 0 0 rg BT 368.23 70.35 Td (parties ) Tj ET Q q 0 0 0 rg BT 394.47 70.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.21 70.35 Td ($321.0 ) Tj ET Q q 0 0 0 rg BT 431.21 70.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.22 70.35 Td (.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 749.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.52 749.80 Td (have ) Tj ET Q q 0 0 0 rg BT 70.26 749.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 95.50 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 102.25 749.80 Td (variety ) Tj ET Q q 0 0 0 rg BT 129.98 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 140.23 749.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 170.46 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 186.21 749.80 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 225.44 749.80 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 271.24 749.80 Td (T) Tj ET Q q 0 0 0 rg BT 276.11 749.80 Td (otal ) Tj ET Q q 0 0 0 rg BT 292.35 749.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 322.58 749.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 340.83 749.80 Td (totaled ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.07 749.80 Td ($1,554.0 ) Tj ET Q q 0 0 0 rg BT 402.32 749.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.32 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 431.07 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 441.31 749.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.56 749.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 503.78 749.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.78 749.80 Td (. ) Tj ET Q q 0 0 0 rg BT 526.78 749.80 Td (Generally ) Tj ET Q q 0 0 0 rg BT 565.01 749.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 65.82 739.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 83.65 739.00 Td (amortizes ) Tj ET Q q 0 0 0 rg BT 120.96 739.00 Td (over ) Tj ET Q q 0 0 0 rg BT 139.29 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 145.62 739.00 Td (period ) Tj ET Q q 0 0 0 rg BT 170.94 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 180.77 739.00 Td (five ) Tj ET Q q 0 0 0 rg BT 197.10 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 206.43 739.00 Td (ten ) Tj ET Q q 0 0 0 rg BT 219.76 739.00 Td (years, ) Tj ET Q q 0 0 0 rg BT 243.33 739.00 Td (with ) Tj ET Q q 0 0 0 rg BT 261.67 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 268.00 739.00 Td (balloon ) Tj ET Q q 0 0 0 rg BT 297.33 739.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 330.65 739.00 Td (at ) Tj ET Q q 0 0 0 rg BT 339.48 739.00 Td (maturity) Tj ET Q q 0 0 0 rg BT 369.39 739.00 Td (. ) Tj ET Q q 0 0 0 rg BT 373.80 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 390.13 739.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 407.96 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 416.29 739.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 446.11 739.00 Td (by) Tj ET Q q 0 0 0 rg BT 454.52 739.00 Td (, ) Tj ET Q q 0 0 0 rg BT 459.11 739.00 Td (among ) Tj ET Q q 0 0 0 rg BT 485.94 739.00 Td (other ) Tj ET Q q 0 0 0 rg BT 506.76 739.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 533.35 739.00 Td (liens ) Tj ET Q q 0 0 0 rg BT 552.68 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 564.01 739.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.17 728.20 Td (units. ) Tj ET Q q 0 0 0 rg BT 85.59 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 87.25 728.20 Td (In ) Tj ET Q q 0 0 0 rg BT 96.42 728.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 129.83 728.20 Td (all ) Tj ET Q q 0 0 0 rg BT 140.49 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 149.65 728.20 Td (our ) Tj ET Q q 0 0 0 rg BT 163.32 728.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 180.48 728.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 223.12 728.20 Td (contain ) Tj ET Q q 0 0 0 rg BT 251.28 728.20 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 299.43 728.20 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 340.85 728.20 Td (meaning ) Tj ET Q q 0 0 0 rg BT 373.50 728.20 Td (that ) Tj ET Q q 0 0 0 rg BT 388.67 728.20 Td (if ) Tj ET Q q 0 0 0 rg BT 395.83 728.20 Td (we ) Tj ET Q q 0 0 0 rg BT 407.99 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 420.64 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 429.31 728.20 Td (default ) Tj ET Q q 0 0 0 rg BT 455.97 728.20 Td (under ) Tj ET Q q 0 0 0 rg BT 478.12 728.20 Td (one ) Tj ET Q q 0 0 0 rg BT 492.78 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.95 728.20 Td (our ) Tj ET Q q 0 0 0 rg BT 515.61 728.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 532.77 728.20 Td (agreements, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 68.75 717.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 113.00 717.40 Td (under ) Tj ET Q q 0 0 0 rg BT 135.74 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 149.99 717.40 Td (other ) Tj ET Q q 0 0 0 rg BT 170.73 717.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 188.47 717.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 231.70 717.40 Td (may ) Tj ET Q q 0 0 0 rg BT 249.45 717.40 Td (also ) Tj ET Q q 0 0 0 rg BT 266.19 717.40 Td (be ) Tj ET Q q 0 0 0 rg BT 276.94 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 286.19 717.40 Td (default, ) Tj ET Q q 0 0 0 rg BT 315.68 717.40 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 358.39 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 373.63 717.40 Td (become ) Tj ET Q q 0 0 0 rg BT 403.87 717.40 Td (due ) Tj ET Q q 0 0 0 rg BT 419.11 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 434.36 717.40 Td (payable. ) Tj ET Q q 0 0 0 rg BT 466.84 717.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.89 689.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 80.02 689.80 Td (we ) Tj ET Q q 0 0 0 rg BT 92.91 689.80 Td (had ) Tj ET Q q 0 0 0 rg BT 108.29 689.80 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 147.17 689.80 Td (bonds ) Tj ET Q q 0 0 0 rg BT 171.06 689.80 Td (totaling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.95 689.80 Td ($770.6 ) Tj ET Q q 0 0 0 rg BT 228.09 689.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.09 689.80 Td (. ) Tj ET Q q 0 0 0 rg BT 258.73 689.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 275.12 689.80 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 313.99 689.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 331.88 689.80 Td (consists ) Tj ET Q q 0 0 0 rg BT 362.77 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 372.66 689.80 Td (bonds ) Tj ET Q q 0 0 0 rg BT 396.55 689.80 Td (denominated ) Tj ET Q q 0 0 0 rg BT 445.43 689.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 481.31 689.80 Td (in ) Tj ET Q q 0 0 0 rg BT 490.70 689.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 509.10 689.80 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 538.23 689.80 Td (but ) Tj ET Q q 0 0 0 rg BT 552.12 689.80 Td (also ) Tj ET Q q 0 0 0 rg BT 569.01 689.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 78.11 679.00 Td (kroner) Tj ET Q q 0 0 0 rg BT 101.23 679.00 Td (, ) Tj ET Q q 0 0 0 rg BT 105.61 679.00 Td (at ) Tj ET Q q 0 0 0 rg BT 114.22 679.00 Td (both ) Tj ET Q q 0 0 0 rg BT 132.34 679.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 152.96 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 168.07 679.00 Td (floating ) Tj ET Q q 0 0 0 rg BT 198.18 679.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 217.29 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.91 679.00 Td (interest. ) Tj ET Q q 0 0 0 rg BT 257.77 679.00 Td (For ) Tj ET Q q 0 0 0 rg BT 272.40 679.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.51 679.00 Td (floating ) Tj ET Q q 0 0 0 rg BT 315.63 679.00 Td (bonds ) Tj ET Q q 0 0 0 rg BT 339.25 679.00 Td (in ) Tj ET Q q 0 0 0 rg BT 348.37 679.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 390.48 679.00 Td (kroner) Tj ET Q q 0 0 0 rg BT 413.60 679.00 Td (, ) Tj ET Q q 0 0 0 rg BT 417.97 679.00 Td (we ) Tj ET Q q 0 0 0 rg BT 430.59 679.00 Td (have ) Tj ET Q q 0 0 0 rg BT 449.70 679.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 478.30 679.00 Td (into ) Tj ET Q q 0 0 0 rg BT 494.42 679.00 Td (cross-currency ) Tj ET Q q 0 0 0 rg BT 549.52 679.00 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 51.74 668.20 Td (swaps ) Tj ET Q q 0 0 0 rg BT 75.99 668.20 Td (to ) Tj ET Q q 0 0 0 rg BT 85.24 668.20 Td (fix ) Tj ET Q q 0 0 0 rg BT 97.48 668.20 Td (the ) Tj ET Q q 0 0 0 rg BT 110.73 668.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.47 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 154.71 668.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 190.94 668.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 210.18 668.20 Td (to ) Tj ET Q q 0 0 0 rg BT 219.43 668.20 Td (the ) Tj ET Q q 0 0 0 rg BT 232.68 668.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 250.93 668.20 Td (dollar) Tj ET Q q 0 0 0 rg BT 271.43 668.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td (During ) Tj ET Q q 0 0 0 rg BT 64.22 640.60 Td (the ) Tj ET Q q 0 0 0 rg BT 77.94 640.60 Td (year ) Tj ET Q q 0 0 0 rg BT 96.15 640.60 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.36 640.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 173.56 640.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.56 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 194.29 640.60 Td (we ) Tj ET Q q 0 0 0 rg BT 207.50 640.60 Td (made ) Tj ET Q q 0 0 0 rg BT 229.72 640.60 Td (external ) Tj ET Q q 0 0 0 rg BT 261.42 640.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 279.64 640.60 Td (repayments ) Tj ET Q q 0 0 0 rg BT 323.85 640.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.07 640.60 Td ($305.1 ) Tj ET Q q 0 0 0 rg BT 361.54 640.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.55 640.60 Td (, ) Tj ET Q q 0 0 0 rg BT 392.52 640.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 430.72 640.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.45 640.60 Td ($430.5 ) Tj ET Q q 0 0 0 rg BT 467.92 640.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.92 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 496.65 640.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.37 640.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.37 640.60 Td (. ) Tj ET Q q 0 0 0 rg BT 529.35 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 532.07 640.60 Td (In ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.29 640.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.29 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 563.01 640.60 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.80 Td (consisted ) Tj ET Q q 0 0 0 rg BT 71.75 629.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.49 629.80 Td (normal ) Tj ET Q q 0 0 0 rg BT 109.23 629.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 126.98 629.80 Td (amortizations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 602.20 Td (In ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.96 602.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.96 602.20 Td ( ) Tj ET Q q 0 0 0 rg BT 66.42 602.20 Td (we ) Tj ET Q q 0 0 0 rg BT 79.37 602.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 104.33 602.20 Td (a ) Tj ET Q q 0 0 0 rg BT 110.79 602.20 Td (bond ) Tj ET Q q 0 0 0 rg BT 131.25 602.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 147.70 602.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 173.66 602.20 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 214.60 602.20 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 241.05 602.20 Td (with ) Tj ET Q q 0 0 0 rg BT 259.51 602.20 Td (an ) Tj ET Q q 0 0 0 rg BT 270.47 602.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 307.90 602.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 342.35 602.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.31 602.20 Td ($600 ) Tj ET Q q 0 0 0 rg BT 372.77 602.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.77 602.20 Td (,coupon ) Tj ET Q q 0 0 0 rg BT 429.98 602.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.92 602.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.88 602.20 Td (6.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.13 602.20 Td (, ) Tj ET Q q 0 0 0 rg BT 483.84 602.20 Td (and ) Tj ET Q q 0 0 0 rg BT 499.29 602.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 532.24 602.20 Td (in ) Tj ET Q q 0 0 0 rg BT 541.70 602.20 Td (2019. ) Tj ET Q q 0 0 0 rg BT 564.24 602.20 Td (W) Tj ET Q q 0 0 0 rg BT 572.01 602.20 Td (e ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 591.40 Td (used ) Tj ET Q q 0 0 0 rg BT 55.43 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 69.36 591.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 91.30 591.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 126.22 591.40 Td (of ) Tj ET Q q 0 0 0 rg BT 136.65 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 150.58 591.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 175.51 591.40 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 214.92 591.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 236.86 591.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 270.28 591.40 Td (for ) Tj ET Q q 0 0 0 rg BT 283.71 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 297.64 591.40 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 343.06 591.40 Td (of ) Tj ET Q q 0 0 0 rg BT 353.49 591.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 402.91 591.40 Td (and ) Tj ET Q q 0 0 0 rg BT 418.84 591.40 Td (transaction ) Tj ET Q q 0 0 0 rg BT 461.26 591.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 496.68 591.40 Td (and ) Tj ET Q q 0 0 0 rg BT 512.61 591.40 Td (general ) Tj ET Q q 0 0 0 rg BT 542.03 591.40 Td (corporate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 580.60 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 72.63 580.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 103.01 580.60 Td (has ) Tj ET Q q 0 0 0 rg BT 117.39 580.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 156.26 580.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 210.62 580.60 Td (31.1% ) Tj ET Q q 0 0 0 rg BT 236.26 580.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.14 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.52 580.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 296.88 580.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 331.25 580.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 360.63 580.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.51 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.89 580.60 Td (notes. ) Tj ET Q q 0 0 0 rg BT 407.52 580.60 Td (In ) Tj ET Q q 0 0 0 rg BT 417.40 580.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 451.53 580.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.92 580.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 483.55 580.60 Td (SFL) Tj ET Q q 0 0 0 rg BT 498.73 580.60 Td ( ) Tj ET Q q 0 0 0 rg BT 501.11 580.60 Td (Linus ) Tj ET Q q 0 0 0 rg BT 524.00 580.60 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 541.13 580.60 Td (which ) Tj ET Q q 0 0 0 rg BT 565.51 580.60 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 569.80 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 79.46 569.80 Td (as ) Tj ET Q q 0 0 0 rg BT 89.43 569.80 Td (a ) Tj ET Q q 0 0 0 rg BT 95.89 569.80 Td (variable ) Tj ET Q q 0 0 0 rg BT 127.34 569.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.31 569.80 Td (entity) Tj ET Q q 0 0 0 rg BT 176.22 569.80 Td (, ) Tj ET Q q 0 0 0 rg BT 180.94 569.80 Td (drew ) Tj ET Q q 0 0 0 rg BT 201.40 569.80 Td (down ) Tj ET Q q 0 0 0 rg BT 223.87 569.80 Td (on ) Tj ET Q q 0 0 0 rg BT 235.34 569.80 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.31 569.80 Td ($475 ) Tj ET Q q 0 0 0 rg BT 266.79 569.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.79 569.80 Td ( ) Tj ET Q q 0 0 0 rg BT 295.26 569.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 325.21 569.80 Td (term ) Tj ET Q q 0 0 0 rg BT 344.18 569.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 362.14 569.80 Td (and ) Tj ET Q q 0 0 0 rg BT 377.61 569.80 Td (revolving ) Tj ET Q q 0 0 0 rg BT 414.57 569.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 437.53 569.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 465.49 569.80 Td (to ) Tj ET Q q 0 0 0 rg BT 474.96 569.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 493.93 569.80 Td (the ) Tj ET Q q 0 0 0 rg BT 507.39 569.80 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 549.36 569.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.32 569.80 Td (W) Tj ET Q q 0 0 0 rg BT 566.00 569.80 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 559.00 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.01 559.00 Td (. ) Tj ET Q q 0 0 0 rg BT 60.51 559.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 531.40 Td (As ) Tj ET Q q 0 0 0 rg BT 47.97 531.40 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.43 531.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.88 531.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.88 531.40 Td ( ) Tj ET Q q 0 0 0 rg BT 128.84 531.40 Td (we ) Tj ET Q q 0 0 0 rg BT 141.31 531.40 Td (had ) Tj ET Q q 0 0 0 rg BT 156.27 531.40 Td (a ) Tj ET Q q 0 0 0 rg BT 162.23 531.40 Td (total ) Tj ET Q q 0 0 0 rg BT 180.19 531.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.66 531.40 Td ($50 ) Tj ET Q q 0 0 0 rg BT 205.13 531.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.13 531.40 Td ( ) Tj ET Q q 0 0 0 rg BT 233.10 531.40 Td (of ) Tj ET Q q 0 0 0 rg BT 242.56 531.40 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 276.02 531.40 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 315.48 531.40 Td (capacity ) Tj ET Q q 0 0 0 rg BT 347.43 531.40 Td (under ) Tj ET Q q 0 0 0 rg BT 369.89 531.40 Td (our ) Tj ET Q q 0 0 0 rg BT 383.85 531.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 414.32 531.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 436.78 531.40 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 471.54 531.40 Td (At ) Tj ET Q q 0 0 0 rg BT 482.51 531.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.48 531.40 Td (current ) Tj ET Q q 0 0 0 rg BT 522.93 531.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 543.14 531.40 Td (however) Tj ET Q q 0 0 0 rg BT 573.77 531.40 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.60 Td (we ) Tj ET Q q 0 0 0 rg BT 48.74 520.60 Td (are ) Tj ET Q q 0 0 0 rg BT 61.98 520.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 97.71 520.60 Td (from ) Tj ET Q q 0 0 0 rg BT 117.46 520.60 Td (drawing ) Tj ET Q q 0 0 0 rg BT 149.20 520.60 Td (down ) Tj ET Q q 0 0 0 rg BT 171.45 520.60 Td (on ) Tj ET Q q 0 0 0 rg BT 182.70 520.60 Td (any ) Tj ET Q q 0 0 0 rg BT 197.94 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.69 520.60 Td (this ) Tj ET Q q 0 0 0 rg BT 222.94 520.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 255.17 520.60 Td (due ) Tj ET Q q 0 0 0 rg BT 270.42 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.67 520.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 321.91 520.60 Td (in ) Tj ET Q q 0 0 0 rg BT 331.16 520.60 Td (our ) Tj ET Q q 0 0 0 rg BT 345.41 520.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 363.15 520.60 Td (agreements. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 493.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 493.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 96.49 493.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 114.24 493.00 Td (as ) Tj ET Q q 0 0 0 rg BT 123.98 493.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 133.73 493.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 186.46 493.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.46 493.00 Td ( ) Tj ET Q q 0 0 0 rg BT 206.71 493.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.96 493.00 Td (repayable ) Tj ET Q q 0 0 0 rg BT 252.18 493.00 Td (as ) Tj ET Q q 0 0 0 rg BT 261.93 493.00 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 456.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 456.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 430.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 430.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 404.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 404.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 378.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 378.50 70.00 -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 36.5 456.5 m 506.5 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 456.5 m 506.5 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 456.5 m 576.5 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 378.5 m 576.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 366.5 m 576.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 364.5 m 576.5 364.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 218.95 460.95 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.96 460.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.95 469.95 Td (Year ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 460.95 Td (December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 447.76 Td (Year ended December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 447.76 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 434.76 Td (Year ended December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 434.76 Td (1,080.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 421.76 Td (Year ended December 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 421.76 Td (218.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 408.76 Td (Year ended December 31, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 408.76 Td (807.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 395.76 Td (Year ended December 31, 2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 395.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 382.76 Td (Year ended December 31, 2021 and thereafter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 382.76 Td (125.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 369.90 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 369.90 Td (otal debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.93 369.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 369.90 Td (2,449.6) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 337.20 Td (Liquidity outlook) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.14 323.40 Td (short-term ) Tj ET Q q 0 0 0 rg BT 91.77 323.40 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 124.41 323.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 173.54 323.40 Td (relate ) Tj ET Q q 0 0 0 rg BT 195.66 323.40 Td (to ) Tj ET Q q 0 0 0 rg BT 204.80 323.40 Td (servicing ) Tj ET Q q 0 0 0 rg BT 239.93 323.40 Td (our ) Tj ET Q q 0 0 0 rg BT 254.07 323.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 271.71 323.40 Td (amortizations, ) Tj ET Q q 0 0 0 rg BT 325.08 323.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.71 323.40 Td (payments, ) Tj ET Q q 0 0 0 rg BT 392.60 323.40 Td (and ) Tj ET Q q 0 0 0 rg BT 407.73 323.40 Td (funding ) Tj ET Q q 0 0 0 rg BT 437.87 323.40 Td (working ) Tj ET Q q 0 0 0 rg BT 470.01 323.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 496.14 323.40 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 547.51 323.40 Td (Sources ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.63 312.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 78.27 312.60 Td (include ) Tj ET Q q 0 0 0 rg BT 106.89 312.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 137.52 312.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.65 312.60 Td (balances, ) Tj ET Q q 0 0 0 rg BT 191.01 312.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.14 312.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 237.26 312.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.39 312.60 Td (other ) Tj ET Q q 0 0 0 rg BT 273.01 312.60 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 309.38 312.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.36 312.60 Td (W) Tj ET Q q 0 0 0 rg BT 319.13 312.60 Td (e ) Tj ET Q q 0 0 0 rg BT 325.26 312.60 Td (have ) Tj ET Q q 0 0 0 rg BT 344.38 312.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 387.01 312.60 Td (relied ) Tj ET Q q 0 0 0 rg BT 409.63 312.60 Td (on ) Tj ET Q q 0 0 0 rg BT 420.76 312.60 Td (our ) Tj ET Q q 0 0 0 rg BT 434.90 312.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.02 312.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 490.13 312.60 Td (from ) Tj ET Q q 0 0 0 rg BT 509.76 312.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 549.38 312.60 Td (to ) Tj ET Q q 0 0 0 rg BT 558.52 312.60 Td (meet ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 301.80 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 301.80 Td (working ) Tj ET Q q 0 0 0 rg BT 82.49 301.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.73 301.80 Td (needs. ) Tj ET Q q 0 0 0 rg BT 133.72 301.80 Td (In ) Tj ET Q q 0 0 0 rg BT 143.47 301.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.71 301.80 Td (past ) Tj ET Q q 0 0 0 rg BT 173.46 301.80 Td (we ) Tj ET Q q 0 0 0 rg BT 186.21 301.80 Td (have ) Tj ET Q q 0 0 0 rg BT 205.44 301.80 Td (also ) Tj ET Q q 0 0 0 rg BT 222.19 301.80 Td (relied ) Tj ET Q q 0 0 0 rg BT 244.93 301.80 Td (on ) Tj ET Q q 0 0 0 rg BT 256.18 301.80 Td (revolving ) Tj ET Q q 0 0 0 rg BT 292.92 301.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 315.66 301.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 348.90 301.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 383.14 301.80 Td (by ) Tj ET Q q 0 0 0 rg BT 394.39 301.80 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 426.88 301.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 274.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 274.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.39 274.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 88.00 274.20 Td (that ) Tj ET Q q 0 0 0 rg BT 104.12 274.20 Td (we ) Tj ET Q q 0 0 0 rg BT 117.24 274.20 Td (will ) Tj ET Q q 0 0 0 rg BT 133.86 274.20 Td (be ) Tj ET Q q 0 0 0 rg BT 144.98 274.20 Td (required ) Tj ET Q q 0 0 0 rg BT 177.59 274.20 Td (to ) Tj ET Q q 0 0 0 rg BT 187.21 274.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 212.33 274.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 250.95 274.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 284.08 274.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 318.69 274.20 Td (by ) Tj ET Q q 0 0 0 rg BT 330.32 274.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 360.94 274.20 Td (in ) Tj ET Q q 0 0 0 rg BT 370.56 274.20 Td (order ) Tj ET Q q 0 0 0 rg BT 392.17 274.20 Td (to ) Tj ET Q q 0 0 0 rg BT 401.80 274.20 Td (fully ) Tj ET Q q 0 0 0 rg BT 421.42 274.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 441.54 274.20 Td (our ) Tj ET Q q 0 0 0 rg BT 456.16 274.20 Td (short ) Tj ET Q q 0 0 0 rg BT 476.78 274.20 Td (term ) Tj ET Q q 0 0 0 rg BT 495.90 274.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 529.03 274.20 Td (requirements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 263.40 Td (over ) Tj ET Q q 0 0 0 rg BT 53.60 263.40 Td (the ) Tj ET Q q 0 0 0 rg BT 66.21 263.40 Td (next ) Tj ET Q q 0 0 0 rg BT 83.31 263.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 108.91 263.40 Td (months. ) Tj ET Q q 0 0 0 rg BT 139.27 263.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.88 263.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 156.49 263.40 Td (previous ) Tj ET Q q 0 0 0 rg BT 189.09 263.40 Td ($85m ) Tj ET Q q 0 0 0 rg BT 211.20 263.40 Td (revolving ) Tj ET Q q 0 0 0 rg BT 247.30 263.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 269.40 263.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 296.50 263.40 Td (with ) Tj ET Q q 0 0 0 rg BT 314.11 263.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 343.71 263.40 Td (expired ) Tj ET Q q 0 0 0 rg BT 372.31 263.40 Td (in ) Tj ET Q q 0 0 0 rg BT 380.92 263.40 Td (January ) Tj ET Q q 0 0 0 rg BT 410.51 263.40 Td (2015. ) Tj ET Q q 0 0 0 rg BT 434.27 263.40 Td (At ) Tj ET Q q 0 0 0 rg BT 444.88 263.40 Td (the ) Tj ET Q q 0 0 0 rg BT 457.48 263.40 Td (current ) Tj ET Q q 0 0 0 rg BT 484.58 263.40 Td (point ) Tj ET Q q 0 0 0 rg BT 504.69 263.40 Td (in ) Tj ET Q q 0 0 0 rg BT 513.30 263.40 Td (time ) Tj ET Q q 0 0 0 rg BT 530.90 263.40 Td (no ) Tj ET Q q 0 0 0 rg BT 541.51 263.40 Td (revolving ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 252.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 58.74 252.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 86.48 252.60 Td (is ) Tj ET Q q 0 0 0 rg BT 94.73 252.60 Td (in ) Tj ET Q q 0 0 0 rg BT 103.98 252.60 Td (place. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 225.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.13 225.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 89.76 225.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 122.40 225.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 171.52 225.00 Td (include ) Tj ET Q q 0 0 0 rg BT 200.15 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.28 225.00 Td (repayment ) Tj ET Q q 0 0 0 rg BT 253.40 225.00 Td (of ) Tj ET Q q 0 0 0 rg BT 263.03 225.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 300.66 225.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 318.29 225.00 Td (balances. ) Tj ET Q q 0 0 0 rg BT 353.66 225.00 Td ( ) Tj ET Q q 0 0 0 rg BT 355.79 225.00 Td (On ) Tj ET Q q 0 0 0 rg BT 368.46 225.00 Td (April ) Tj ET Q q 0 0 0 rg BT 389.59 225.00 Td (28, ) Tj ET Q q 0 0 0 rg BT 402.98 225.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 423.12 225.00 Td (we ) Tj ET Q q 0 0 0 rg BT 435.75 225.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 464.36 225.00 Td (into ) Tj ET Q q 0 0 0 rg BT 480.50 225.00 Td (an ) Tj ET Q q 0 0 0 rg BT 491.13 225.00 Td (amendment ) Tj ET Q q 0 0 0 rg BT 535.26 225.00 Td (to ) Tj ET Q q 0 0 0 rg BT 544.39 225.00 Td (defer ) Tj ET Q q 0 0 0 rg BT 565.01 225.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 214.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 68.92 214.20 Td (our ) Tj ET Q q 0 0 0 rg BT 83.35 214.20 Td (US$2 ) Tj ET Q q 0 0 0 rg BT 106.28 214.20 Td (billion ) Tj ET Q q 0 0 0 rg BT 132.21 214.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 156.64 214.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 186.55 214.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 209.47 214.20 Td (facility) Tj ET Q q 0 0 0 rg BT 234.37 214.20 Td (, ) Tj ET Q q 0 0 0 rg BT 239.05 214.20 Td (which ) Tj ET Q q 0 0 0 rg BT 263.47 214.20 Td (has ) Tj ET Q q 0 0 0 rg BT 277.90 214.20 Td (a ) Tj ET Q q 0 0 0 rg BT 284.32 214.20 Td (balloon ) Tj ET Q q 0 0 0 rg BT 313.75 214.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 347.17 214.20 Td (of ) Tj ET Q q 0 0 0 rg BT 357.09 214.20 Td ($950 ) Tj ET Q q 0 0 0 rg BT 377.52 214.20 Td (million ) Tj ET Q q 0 0 0 rg BT 405.96 214.20 Td (on ) Tj ET Q q 0 0 0 rg BT 417.38 214.20 Td (maturity) Tj ET Q q 0 0 0 rg BT 447.29 214.20 Td (, ) Tj ET Q q 0 0 0 rg BT 451.97 214.20 Td (from ) Tj ET Q q 0 0 0 rg BT 471.36 214.20 Td (April ) Tj ET Q q 0 0 0 rg BT 492.79 214.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 506.47 214.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 526.90 214.20 Td (until ) Tj ET Q q 0 0 0 rg BT 545.83 214.20 Td (June ) Tj ET Q q 0 0 0 rg BT 564.75 214.20 Td (30, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 203.40 Td (2017. ) Tj ET Q q 0 0 0 rg BT 58.28 203.40 Td (W) Tj ET Q q 0 0 0 rg BT 66.06 203.40 Td (e ) Tj ET Q q 0 0 0 rg BT 72.24 203.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 97.92 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 111.11 203.40 Td (need ) Tj ET Q q 0 0 0 rg BT 130.29 203.40 Td (to ) Tj ET Q q 0 0 0 rg BT 139.48 203.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 175.15 203.40 Td (this ) Tj ET Q q 0 0 0 rg BT 190.34 203.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 218.02 203.40 Td (with ) Tj ET Q q 0 0 0 rg BT 236.21 203.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 274.40 203.40 Td (issuances ) Tj ET Q q 0 0 0 rg BT 310.58 203.40 Td (of ) Tj ET Q q 0 0 0 rg BT 320.27 203.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 337.96 203.40 Td (and/or ) Tj ET Q q 0 0 0 rg BT 363.14 203.40 Td (new ) Tj ET Q q 0 0 0 rg BT 380.33 203.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 405.01 203.40 Td (in ) Tj ET Q q 0 0 0 rg BT 414.21 203.40 Td (order ) Tj ET Q q 0 0 0 rg BT 435.39 203.40 Td (to ) Tj ET Q q 0 0 0 rg BT 444.58 203.40 Td (meet ) Tj ET Q q 0 0 0 rg BT 464.26 203.40 Td (our ) Tj ET Q q 0 0 0 rg BT 478.45 203.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 520.64 203.40 Td (as ) Tj ET Q q 0 0 0 rg BT 530.33 203.40 Td (they ) Tj ET Q q 0 0 0 rg BT 548.02 203.40 Td (become ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 192.60 Td (due.) Tj ET Q q 0 0 0 rg BT 53.33 192.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.95 192.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 110.71 192.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 139.82 192.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 161.93 192.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 194.55 192.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.17 192.60 Td (NOK ) Tj ET Q q 0 0 0 rg BT 230.30 192.60 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 252.18 192.60 Td (million ) Tj ET Q q 0 0 0 rg BT 279.81 192.60 Td (bond ) Tj ET Q q 0 0 0 rg BT 299.44 192.60 Td (are ) Tj ET Q q 0 0 0 rg BT 312.06 192.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 353.16 192.60 Td (by ) Tj ET Q q 0 0 0 rg BT 363.79 192.60 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 395.67 192.60 Td (and ) Tj ET Q q 0 0 0 rg BT 410.29 192.60 Td (cross ) Tj ET Q q 0 0 0 rg BT 430.42 192.60 Td (default ) Tj ET Q q 0 0 0 rg BT 457.03 192.60 Td (clauses ) Tj ET Q q 0 0 0 rg BT 484.65 192.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 503.28 192.60 Td (between ) Tj ET Q q 0 0 0 rg BT 534.89 192.60 Td (our ) Tj ET Q q 0 0 0 rg BT 548.52 192.60 Td (secured ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 181.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 58.74 181.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 91.97 181.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.22 181.80 Td (bonds ) Tj ET Q q 0 0 0 rg BT 130.97 181.80 Td (and ) Tj ET Q q 0 0 0 rg BT 146.21 181.80 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 181.58 181.80 Td (other ) Tj ET Q q 0 0 0 rg BT 202.32 181.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 225.06 181.80 Td (facilities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 154.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 154.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.23 154.20 Td (are ) Tj ET Q q 0 0 0 rg BT 63.67 154.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 98.62 154.20 Td (working ) Tj ET Q q 0 0 0 rg BT 131.07 154.20 Td (with ) Tj ET Q q 0 0 0 rg BT 149.53 154.20 Td (our ) Tj ET Q q 0 0 0 rg BT 163.99 154.20 Td (banks ) Tj ET Q q 0 0 0 rg BT 187.44 154.20 Td (and ) Tj ET Q q 0 0 0 rg BT 202.90 154.20 Td (advisers ) Tj ET Q q 0 0 0 rg BT 234.85 154.20 Td (to ) Tj ET Q q 0 0 0 rg BT 244.31 154.20 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 276.75 154.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 313.19 154.20 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 357.13 154.20 Td (in ) Tj ET Q q 0 0 0 rg BT 366.59 154.20 Td (light ) Tj ET Q q 0 0 0 rg BT 385.55 154.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.51 154.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 427.47 154.20 Td (and ) Tj ET Q q 0 0 0 rg BT 442.92 154.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 469.36 154.20 Td (market ) Tj ET Q q 0 0 0 rg BT 496.81 154.20 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 538.84 154.20 Td (W) Tj ET Q q 0 0 0 rg BT 546.61 154.20 Td (e ) Tj ET Q q 0 0 0 rg BT 553.07 154.20 Td (aim ) Tj ET Q q 0 0 0 rg BT 569.02 154.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 143.40 Td (further ) Tj ET Q q 0 0 0 rg BT 62.74 143.40 Td (communicate ) Tj ET Q q 0 0 0 rg BT 113.47 143.40 Td (our ) Tj ET Q q 0 0 0 rg BT 127.71 143.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 163.95 143.40 Td (plans ) Tj ET Q q 0 0 0 rg BT 185.20 143.40 Td (later ) Tj ET Q q 0 0 0 rg BT 203.44 143.40 Td (this ) Tj ET Q q 0 0 0 rg BT 218.69 143.40 Td (year) Tj ET Q q 0 0 0 rg BT 233.68 143.40 Td (. ) Tj ET Q q 0 0 0 rg BT 238.18 143.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 114.60 Td (Covenants contained within our) Tj ET Q q 0 0 0 rg BT 172.23 114.60 Td ( borr) Tj ET Q q 0 0 0 rg BT 193.98 114.60 Td (owings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 100.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.95 100.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.38 100.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 107.32 100.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 142.75 100.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 171.19 100.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.63 100.80 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 244.81 100.80 Td (In ) Tj ET Q q 0 0 0 rg BT 254.26 100.80 Td (February ) Tj ET Q q 0 0 0 rg BT 288.70 100.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 310.90 100.80 Td (we ) Tj ET Q q 0 0 0 rg BT 323.34 100.80 Td (received ) Tj ET Q q 0 0 0 rg BT 355.77 100.80 Td (approval ) Tj ET Q q 0 0 0 rg BT 389.21 100.80 Td (to ) Tj ET Q q 0 0 0 rg BT 398.16 100.80 Td (amend ) Tj ET Q q 0 0 0 rg BT 424.10 100.80 Td (the ) Tj ET Q q 0 0 0 rg BT 437.04 100.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 479.97 100.80 Td (for ) Tj ET Q q 0 0 0 rg BT 492.42 100.80 Td (our ) Tj ET Q q 0 0 0 rg BT 506.36 100.80 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.81 100.80 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 550.01 100.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 90.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 59.93 90.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 98.34 90.00 Td (bond, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.52 90.00 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 147.20 90.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.21 90.00 Td ( ) Tj ET Q q 0 0 0 rg BT 175.14 90.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 200.57 90.00 Td (Secured ) Tj ET Q q 0 0 0 rg BT 231.49 90.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 255.91 90.00 Td (Facility) Tj ET Q q 0 0 0 rg BT 282.83 90.00 Td (, ) Tj ET Q q 0 0 0 rg BT 287.01 90.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.93 90.00 Td ($475 ) Tj ET Q q 0 0 0 rg BT 321.86 90.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.87 90.00 Td ( ) Tj ET Q q 0 0 0 rg BT 349.80 90.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 379.21 90.00 Td (term ) Tj ET Q q 0 0 0 rg BT 397.64 90.00 Td (loan. ) Tj ET Q q 0 0 0 rg BT 417.31 90.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.25 90.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 443.67 90.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.60 90.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 478.52 90.00 Td (of ) Tj ET Q q 0 0 0 rg BT 487.95 90.00 Td (each ) Tj ET Q q 0 0 0 rg BT 506.37 90.00 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 548.03 90.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 578.27 90.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 79.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 69.17 79.20 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 109.82 79.20 Td (for ) Tj ET Q q 0 0 0 rg BT 122.49 79.20 Td (the ) Tj ET Q q 0 0 0 rg BT 135.66 79.20 Td (bonds ) Tj ET Q q 0 0 0 rg BT 159.33 79.20 Td (and ) Tj ET Q q 0 0 0 rg BT 174.50 79.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 197.16 79.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 224.82 79.20 Td (in ) Tj ET Q q 0 0 0 rg BT 234.00 79.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 270.15 79.20 Td (for ) Tj ET Q q 0 0 0 rg BT 282.81 79.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 330.48 79.20 Td (to ) Tj ET Q q 0 0 0 rg BT 339.65 79.20 Td (the ) Tj ET Q q 0 0 0 rg BT 352.82 79.20 Td (covenant ) Tj ET Q q 0 0 0 rg BT 387.48 79.20 Td (package, ) Tj ET Q q 0 0 0 rg BT 421.38 79.20 Td (principally ) Tj ET Q q 0 0 0 rg BT 462.54 79.20 Td (replacing ) Tj ET Q q 0 0 0 rg BT 498.19 79.20 Td (the ) Tj ET Q q 0 0 0 rg BT 511.36 79.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 544.53 79.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 68.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 74.24 68.40 Td (with ) Tj ET Q q 0 0 0 rg BT 92.49 68.40 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 127.85 68.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.59 68.40 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 202.07 68.40 Td (which ) Tj ET Q q 0 0 0 rg BT 226.32 68.40 Td (are ) Tj ET Q q 0 0 0 rg BT 239.55 68.40 Td (measured ) Tj ET Q q 0 0 0 rg BT 276.29 68.40 Td (at ) Tj ET Q q 0 0 0 rg BT 285.03 68.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.28 68.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 328.52 68.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 376.26 68.40 Td (level. ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 61.76 749.80 Td (see ) Tj ET Q q 0 0 0 rg BT 76.02 749.80 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.69 749.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 99.95 749.80 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.95 749.80 Td (Long ) Tj ET Q q 0 0 0 rg BT 135.22 749.80 Td (term ) Tj ET Q q 0 0 0 rg BT 154.48 749.80 Td (debt" ) Tj ET Q q 0 0 0 rg BT 176.41 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 186.18 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 200.94 749.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 251.20 749.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 287.46 749.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 329.72 749.80 Td (included ) Tj ET Q q 0 0 0 rg BT 363.48 749.80 Td (herein, ) Tj ET Q q 0 0 0 rg BT 390.98 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 404.24 749.80 Td (further ) Tj ET Q q 0 0 0 rg BT 431.50 749.80 Td (information ) Tj ET Q q 0 0 0 rg BT 476.75 749.80 Td (on ) Tj ET Q q 0 0 0 rg BT 488.52 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 502.28 749.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 541.04 749.80 Td (contained ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (within ) Tj ET Q q 0 0 0 rg BT 61.25 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 75.50 739.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 98.24 739.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 131.47 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.72 739.00 Td (bonds.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 60.77 725.20 Td (see ) Tj ET Q q 0 0 0 rg BT 74.03 725.20 Td ("Item ) Tj ET Q q 0 0 0 rg BT 95.97 725.20 Td (3. ) Tj ET Q q 0 0 0 rg BT 104.50 725.20 Td (Key ) Tj ET Q q 0 0 0 rg BT 121.27 725.20 Td (InformationD. ) Tj ET Q q 0 0 0 rg BT 183.78 725.20 Td (Risk ) Tj ET Q q 0 0 0 rg BT 202.06 725.20 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 234.00 725.20 Td (for ) Tj ET Q q 0 0 0 rg BT 246.27 725.20 Td (further ) Tj ET Q q 0 0 0 rg BT 272.53 725.20 Td (information ) Tj ET Q q 0 0 0 rg BT 316.80 725.20 Td (on ) Tj ET Q q 0 0 0 rg BT 327.57 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 340.34 725.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 359.12 725.20 Td (facing ) Tj ET Q q 0 0 0 rg BT 383.38 725.20 Td (our ) Tj ET Q q 0 0 0 rg BT 397.15 725.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 433.92 725.20 Td (and ) Tj ET Q q 0 0 0 rg BT 448.69 725.20 Td (implications ) Tj ET Q q 0 0 0 rg BT 494.96 725.20 Td (of ) Tj ET Q q 0 0 0 rg BT 504.23 725.20 Td (a ) Tj ET Q q 0 0 0 rg BT 510.00 725.20 Td (breach ) Tj ET Q q 0 0 0 rg BT 535.76 725.20 Td (in ) Tj ET Q q 0 0 0 rg BT 544.53 725.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.40 Td (covenants.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (In ) Tj ET Q q 0 0 0 rg BT 46.08 686.80 Td (February ) Tj ET Q q 0 0 0 rg BT 81.14 686.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 103.97 686.80 Td (we ) Tj ET Q q 0 0 0 rg BT 117.04 686.80 Td (received ) Tj ET Q q 0 0 0 rg BT 150.10 686.80 Td (approval ) Tj ET Q q 0 0 0 rg BT 184.16 686.80 Td (to ) Tj ET Q q 0 0 0 rg BT 193.74 686.80 Td (amend ) Tj ET Q q 0 0 0 rg BT 220.31 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 233.89 686.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 277.44 686.80 Td (for ) Tj ET Q q 0 0 0 rg BT 290.52 686.80 Td (our ) Tj ET Q q 0 0 0 rg BT 305.09 686.80 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.17 686.80 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 350.00 686.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 686.80 Td ( ) Tj ET Q q 0 0 0 rg BT 378.58 686.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 403.15 686.80 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 442.21 686.80 Td (bond, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.04 686.80 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 492.37 686.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.37 686.80 Td ( ) Tj ET Q q 0 0 0 rg BT 520.95 686.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 547.03 686.80 Td (Secured ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 60.71 676.00 Td (Facility) Tj ET Q q 0 0 0 rg BT 87.62 676.00 Td (, ) Tj ET Q q 0 0 0 rg BT 92.08 676.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.28 676.00 Td ($475 ) Tj ET Q q 0 0 0 rg BT 127.49 676.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.49 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 155.70 676.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 185.40 676.00 Td (term ) Tj ET Q q 0 0 0 rg BT 204.10 676.00 Td (loan. ) Tj ET Q q 0 0 0 rg BT 224.05 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 226.26 676.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 250.96 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 676.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 286.37 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.08 676.00 Td (each ) Tj ET Q q 0 0 0 rg BT 314.77 676.00 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 356.71 676.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 386.91 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 389.12 676.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 422.32 676.00 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 463.01 676.00 Td (for ) Tj ET Q q 0 0 0 rg BT 475.71 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.92 676.00 Td (bonds ) Tj ET Q q 0 0 0 rg BT 512.63 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 527.84 676.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 550.53 676.00 Td (facility ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.42 665.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 81.82 665.20 Td (for ) Tj ET Q q 0 0 0 rg BT 94.74 665.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 142.65 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 152.07 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 165.48 665.20 Td (covenant ) Tj ET Q q 0 0 0 rg BT 200.39 665.20 Td (package, ) Tj ET Q q 0 0 0 rg BT 234.54 665.20 Td (principally ) Tj ET Q q 0 0 0 rg BT 275.95 665.20 Td (replacing ) Tj ET Q q 0 0 0 rg BT 311.85 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.27 665.20 Td (current ) Tj ET Q q 0 0 0 rg BT 353.18 665.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.08 665.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 425.49 665.20 Td (with ) Tj ET Q q 0 0 0 rg BT 443.91 665.20 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 479.45 665.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.35 665.20 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 554.01 665.20 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 654.40 Td (measured ) Tj ET Q q 0 0 0 rg BT 85.97 654.40 Td (at ) Tj ET Q q 0 0 0 rg BT 94.72 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 107.96 654.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 138.20 654.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 185.94 654.40 Td (level. ) Tj ET Q q 0 0 0 rg BT 207.93 654.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 626.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.65 626.80 Td (May ) Tj ET Q q 0 0 0 rg BT 64.29 626.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 86.69 626.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 116.84 626.80 Td (executed ) Tj ET Q q 0 0 0 rg BT 150.97 626.80 Td (an ) Tj ET Q q 0 0 0 rg BT 161.61 626.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 205.75 626.80 Td (to ) Tj ET Q q 0 0 0 rg BT 214.90 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 228.04 626.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 266.18 626.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 303.31 626.80 Td (in ) Tj ET Q q 0 0 0 rg BT 312.46 626.80 Td (all ) Tj ET Q q 0 0 0 rg BT 323.61 626.80 Td (of ) Tj ET Q q 0 0 0 rg BT 333.26 626.80 Td (its ) Tj ET Q q 0 0 0 rg BT 343.91 626.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 373.54 626.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 396.18 626.80 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 431.56 626.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 456.21 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 469.35 626.80 Td (amended ) Tj ET Q q 0 0 0 rg BT 503.99 626.80 Td (terms, ) Tj ET Q q 0 0 0 rg BT 528.38 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 541.53 626.80 Td (permitted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 616.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 68.73 616.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 87.47 616.00 Td (has ) Tj ET Q q 0 0 0 rg BT 101.72 616.00 Td (been ) Tj ET Q q 0 0 0 rg BT 120.96 616.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 155.69 616.00 Td (to ) Tj ET Q q 0 0 0 rg BT 164.94 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.19 616.00 Td (following:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 602.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 602.20 Td (6.0:1, ) Tj ET Q q 0 0 0 rg BT 94.75 602.20 Td (from ) Tj ET Q q 0 0 0 rg BT 114.50 602.20 Td (and ) Tj ET Q q 0 0 0 rg BT 129.74 602.20 Td (including ) Tj ET Q q 0 0 0 rg BT 165.99 602.20 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 602.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 212.96 602.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 240.70 602.20 Td (starting ) Tj ET Q q 0 0 0 rg BT 269.94 602.20 Td (on ) Tj ET Q q 0 0 0 rg BT 281.19 602.20 Td (July ) Tj ET Q q 0 0 0 rg BT 298.45 602.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 307.45 602.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 327.70 602.20 Td (and ) Tj ET Q q 0 0 0 rg BT 342.94 602.20 Td (including ) Tj ET Q q 0 0 0 rg BT 379.19 602.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.43 602.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.16 602.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 453.90 602.20 Td (ending ) Tj ET Q q 0 0 0 rg BT 480.64 602.20 Td (on ) Tj ET Q q 0 0 0 rg BT 491.89 602.20 Td (September ) Tj ET Q q 0 0 0 rg BT 532.63 602.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 546.13 602.20 Td (2016;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 588.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 588.40 Td (5.5:1, ) Tj ET Q q 0 0 0 rg BT 94.75 588.40 Td (from ) Tj ET Q q 0 0 0 rg BT 114.50 588.40 Td (and ) Tj ET Q q 0 0 0 rg BT 129.74 588.40 Td (including ) Tj ET Q q 0 0 0 rg BT 165.99 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 588.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 212.96 588.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 240.70 588.40 Td (starting ) Tj ET Q q 0 0 0 rg BT 269.94 588.40 Td (on ) Tj ET Q q 0 0 0 rg BT 281.19 588.40 Td (October ) Tj ET Q q 0 0 0 rg BT 312.43 588.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 321.43 588.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 341.68 588.40 Td (and ) Tj ET Q q 0 0 0 rg BT 356.92 588.40 Td (including ) Tj ET Q q 0 0 0 rg BT 393.17 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 406.42 588.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 440.15 588.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 467.88 588.40 Td (ending ) Tj ET Q q 0 0 0 rg BT 494.63 588.40 Td (December ) Tj ET Q q 0 0 0 rg BT 533.85 588.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 547.35 588.40 Td (2016;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 574.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 574.60 Td (4.5:1, ) Tj ET Q q 0 0 0 rg BT 94.75 574.60 Td (from ) Tj ET Q q 0 0 0 rg BT 114.50 574.60 Td (and ) Tj ET Q q 0 0 0 rg BT 129.74 574.60 Td (including ) Tj ET Q q 0 0 0 rg BT 165.99 574.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 574.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 212.96 574.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 240.70 574.60 Td (starting ) Tj ET Q q 0 0 0 rg BT 269.94 574.60 Td (on ) Tj ET Q q 0 0 0 rg BT 281.19 574.60 Td (January ) Tj ET Q q 0 0 0 rg BT 311.43 574.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 320.43 574.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 340.68 574.60 Td (until ) Tj ET Q q 0 0 0 rg BT 359.43 574.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.68 574.60 Td (final ) Tj ET Q q 0 0 0 rg BT 391.42 574.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 424.16 574.60 Td (date. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 547.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.73 547.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 87.44 547.00 Td (with ) Tj ET Q q 0 0 0 rg BT 105.67 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 118.89 547.00 Td (amendment, ) Tj ET Q q 0 0 0 rg BT 165.35 547.00 Td (ef) Tj ET Q q 0 0 0 rg BT 172.18 547.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 198.89 547.00 Td (from ) Tj ET Q q 0 0 0 rg BT 218.61 547.00 Td (July ) Tj ET Q q 0 0 0 rg BT 235.85 547.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 244.82 547.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 267.30 547.00 Td (an ) Tj ET Q q 0 0 0 rg BT 278.02 547.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 316.24 547.00 Td (mar) Tj ET Q q 0 0 0 rg BT 330.07 547.00 Td (gin ) Tj ET Q q 0 0 0 rg BT 343.80 547.00 Td (may ) Tj ET Q q 0 0 0 rg BT 361.52 547.00 Td (be ) Tj ET Q q 0 0 0 rg BT 372.25 547.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 402.46 547.00 Td (on ) Tj ET Q q 0 0 0 rg BT 413.69 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.91 547.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 451.13 547.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 480.85 547.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 503.56 547.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 536.77 547.00 Td (as ) Tj ET Q q 0 0 0 rg BT 546.50 547.00 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 533.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 533.20 Td (.125 ) Tj ET Q q 0 0 0 rg BT 90.00 533.20 Td (percent ) Tj ET Q q 0 0 0 rg BT 118.73 533.20 Td (per ) Tj ET Q q 0 0 0 rg BT 132.47 533.20 Td (annum ) Tj ET Q q 0 0 0 rg BT 159.22 533.20 Td (if ) Tj ET Q q 0 0 0 rg BT 166.97 533.20 Td (the ) Tj ET Q q 0 0 0 rg BT 180.21 533.20 Td (leverage ) Tj ET Q q 0 0 0 rg BT 212.94 533.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 231.68 533.20 Td (is ) Tj ET Q q 0 0 0 rg BT 239.93 533.20 Td (4.50:1 ) Tj ET Q q 0 0 0 rg BT 264.93 533.20 Td (up ) Tj ET Q q 0 0 0 rg BT 276.18 533.20 Td (to ) Tj ET Q q 0 0 0 rg BT 285.43 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.68 533.20 Td (including ) Tj ET Q q 0 0 0 rg BT 336.92 533.20 Td (4.99:1;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 519.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 519.40 Td (.25 ) Tj ET Q q 0 0 0 rg BT 85.50 519.40 Td (percent ) Tj ET Q q 0 0 0 rg BT 114.23 519.40 Td (per ) Tj ET Q q 0 0 0 rg BT 127.97 519.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 154.72 519.40 Td (if ) Tj ET Q q 0 0 0 rg BT 162.47 519.40 Td (the ) Tj ET Q q 0 0 0 rg BT 175.71 519.40 Td (leverage ) Tj ET Q q 0 0 0 rg BT 208.44 519.40 Td (ratio ) Tj ET Q q 0 0 0 rg BT 227.18 519.40 Td (is ) Tj ET Q q 0 0 0 rg BT 235.43 519.40 Td (5.00:1 ) Tj ET Q q 0 0 0 rg BT 260.43 519.40 Td (up ) Tj ET Q q 0 0 0 rg BT 271.68 519.40 Td (to ) Tj ET Q q 0 0 0 rg BT 280.93 519.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.18 519.40 Td (including ) Tj ET Q q 0 0 0 rg BT 332.42 519.40 Td (5.49:1; ) Tj ET Q q 0 0 0 rg BT 359.93 519.40 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 505.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 505.60 Td (.75 ) Tj ET Q q 0 0 0 rg BT 85.50 505.60 Td (percent ) Tj ET Q q 0 0 0 rg BT 114.23 505.60 Td (per ) Tj ET Q q 0 0 0 rg BT 127.97 505.60 Td (annum ) Tj ET Q q 0 0 0 rg BT 154.72 505.60 Td (if ) Tj ET Q q 0 0 0 rg BT 162.47 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.71 505.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 208.44 505.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 227.18 505.60 Td (is ) Tj ET Q q 0 0 0 rg BT 235.43 505.60 Td (5.50:1 ) Tj ET Q q 0 0 0 rg BT 260.43 505.60 Td (up ) Tj ET Q q 0 0 0 rg BT 271.68 505.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.93 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.18 505.60 Td (including ) Tj ET Q q 0 0 0 rg BT 332.42 505.60 Td (6.00:1.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 478.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.04 478.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 78.34 478.00 Td (as ) Tj ET Q q 0 0 0 rg BT 87.38 478.00 Td (part ) Tj ET Q q 0 0 0 rg BT 102.92 478.00 Td (of ) Tj ET Q q 0 0 0 rg BT 111.97 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 124.51 478.00 Td (amendments ) Tj ET Q q 0 0 0 rg BT 171.55 478.00 Td (to ) Tj ET Q q 0 0 0 rg BT 180.10 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 192.64 478.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 230.17 478.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 266.71 478.00 Td (in ) Tj ET Q q 0 0 0 rg BT 275.25 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.80 478.00 Td (Company) Tj ET Q q 0 0 0 rg BT 325.30 478.00 Td (s ) Tj ET Q q 0 0 0 rg BT 330.35 478.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 353.89 478.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 382.92 478.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 404.96 478.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 437.49 478.00 Td (in ) Tj ET Q q 0 0 0 rg BT 446.04 478.00 Td (May ) Tj ET Q q 0 0 0 rg BT 464.08 478.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 485.88 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.42 478.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.97 478.00 Td (is ) Tj ET Q q 0 0 0 rg BT 542.52 478.00 Td (restricted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 467.20 Td (from ) Tj ET Q q 0 0 0 rg BT 55.74 467.20 Td (making ) Tj ET Q q 0 0 0 rg BT 84.99 467.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 118.74 467.20 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 168.24 467.20 Td (and ) Tj ET Q q 0 0 0 rg BT 183.48 467.20 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 232.22 467.20 Td (its ) Tj ET Q q 0 0 0 rg BT 242.97 467.20 Td (own ) Tj ET Q q 0 0 0 rg BT 260.72 467.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 285.46 467.20 Td (during ) Tj ET Q q 0 0 0 rg BT 311.21 467.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.45 467.20 Td (amendment ) Tj ET Q q 0 0 0 rg BT 368.69 467.20 Td (period ) Tj ET Q q 0 0 0 rg BT 393.93 467.20 Td (until ) Tj ET Q q 0 0 0 rg BT 412.68 467.20 Td (January ) Tj ET Q q 0 0 0 rg BT 442.92 467.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 451.92 467.20 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.60 Td (On ) Tj ET Q q 0 0 0 rg BT 48.61 439.60 Td (April ) Tj ET Q q 0 0 0 rg BT 69.67 439.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 82.98 439.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 105.30 439.60 Td ( ) Tj ET Q q 0 0 0 rg BT 107.36 439.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 137.42 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 152.48 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.54 439.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.60 439.60 Td (executed ) Tj ET Q q 0 0 0 rg BT 236.65 439.60 Td (amendment ) Tj ET Q q 0 0 0 rg BT 280.70 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.75 439.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 322.31 439.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 365.35 439.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.41 439.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 401.96 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 411.52 439.60 Td (all ) Tj ET Q q 0 0 0 rg BT 422.58 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.15 439.60 Td (their ) Tj ET Q q 0 0 0 rg BT 450.70 439.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 474.76 439.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 504.31 439.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 526.86 439.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 562.01 439.60 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 68.29 428.80 Td (of ) Tj ET Q q 0 0 0 rg BT 77.58 428.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.38 428.80 Td ($2 ) Tj ET Q q 0 0 0 rg BT 102.17 428.80 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.68 428.80 Td ( ) Tj ET Q q 0 0 0 rg BT 127.47 428.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 151.26 428.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 180.54 428.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.83 428.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 230.11 428.80 Td (has ) Tj ET Q q 0 0 0 rg BT 243.90 428.80 Td (been ) Tj ET Q q 0 0 0 rg BT 262.69 428.80 Td (extended ) Tj ET Q q 0 0 0 rg BT 296.97 428.80 Td (to ) Tj ET Q q 0 0 0 rg BT 305.77 428.80 Td (June ) Tj ET Q q 0 0 0 rg BT 324.06 428.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 337.11 428.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 359.15 428.80 Td (In ) Tj ET Q q 0 0 0 rg BT 368.45 428.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 401.99 428.80 Td (the ) Tj ET Q q 0 0 0 rg BT 414.78 428.80 Td (key ) Tj ET Q q 0 0 0 rg BT 429.57 428.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 451.36 428.80 Td (and ) Tj ET Q q 0 0 0 rg BT 466.15 428.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 505.45 428.80 Td (of ) Tj ET Q q 0 0 0 rg BT 514.74 428.80 Td (these ) Tj ET Q q 0 0 0 rg BT 535.03 428.80 Td (agreements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.00 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 418.00 Td (as ) Tj ET Q q 0 0 0 rg BT 58.98 418.00 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 404.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 404.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 97.47 404.20 Td (ratio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.97 404.20 Td (: ) Tj ET Q q 0 0 0 rg BT 119.45 404.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 149.42 404.20 Td (is ) Tj ET Q q 0 0 0 rg BT 157.40 404.20 Td (required ) Tj ET Q q 0 0 0 rg BT 189.35 404.20 Td (to ) Tj ET Q q 0 0 0 rg BT 198.33 404.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 231.80 404.20 Td (a ) Tj ET Q q 0 0 0 rg BT 237.77 404.20 Td (total ) Tj ET Q q 0 0 0 rg BT 255.74 404.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 280.21 404.20 Td (to ) Tj ET Q q 0 0 0 rg BT 289.19 404.20 Td (total ) Tj ET Q q 0 0 0 rg BT 307.16 404.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.13 404.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 348.60 404.20 Td (of ) Tj ET Q q 0 0 0 rg BT 358.07 404.20 Td (at ) Tj ET Q q 0 0 0 rg BT 366.54 404.20 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.01 404.20 Td (30.0%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.26 404.20 Td (. ) Tj ET Q q 0 0 0 rg BT 412.48 404.20 Td ( ) Tj ET Q q 0 0 0 rg BT 414.46 404.20 Td (Prior ) Tj ET Q q 0 0 0 rg BT 434.44 404.20 Td (to ) Tj ET Q q 0 0 0 rg BT 443.41 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 456.38 404.20 Td (amendment, ) Tj ET Q q 0 0 0 rg BT 502.59 404.20 Td (both ) Tj ET Q q 0 0 0 rg BT 520.57 404.20 Td (total ) Tj ET Q q 0 0 0 rg BT 538.54 404.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 563.01 404.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 393.40 Td (total ) Tj ET Q q 0 0 0 rg BT 90.09 393.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 113.18 393.40 Td (are ) Tj ET Q q 0 0 0 rg BT 126.25 393.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 158.34 393.40 Td (for ) Tj ET Q q 0 0 0 rg BT 170.93 393.40 Td (the ) Tj ET Q q 0 0 0 rg BT 184.01 393.40 Td (dif) Tj ET Q q 0 0 0 rg BT 193.85 393.40 Td (ference ) Tj ET Q q 0 0 0 rg BT 222.41 393.40 Td (between ) Tj ET Q q 0 0 0 rg BT 254.49 393.40 Td (book ) Tj ET Q q 0 0 0 rg BT 274.58 393.40 Td (and ) Tj ET Q q 0 0 0 rg BT 289.67 393.40 Td (market ) Tj ET Q q 0 0 0 rg BT 316.74 393.40 Td (values ) Tj ET Q q 0 0 0 rg BT 341.83 393.40 Td (of ) Tj ET Q q 0 0 0 rg BT 351.42 393.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 380.01 393.40 Td (units, ) Tj ET Q q 0 0 0 rg BT 401.85 393.40 Td (as ) Tj ET Q q 0 0 0 rg BT 411.44 393.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 454.02 393.40 Td (by ) Tj ET Q q 0 0 0 rg BT 465.11 393.40 Td (independent ) Tj ET Q q 0 0 0 rg BT 511.19 393.40 Td (broker ) Tj ET Q q 0 0 0 rg BT 536.77 393.40 Td (valuations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 382.60 Td (The ) Tj ET Q q 0 0 0 rg BT 88.24 382.60 Td (amendment ) Tj ET Q q 0 0 0 rg BT 132.48 382.60 Td (removes ) Tj ET Q q 0 0 0 rg BT 165.22 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.46 382.60 Td (need ) Tj ET Q q 0 0 0 rg BT 197.70 382.60 Td (for ) Tj ET Q q 0 0 0 rg BT 210.45 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.69 382.60 Td (market ) Tj ET Q q 0 0 0 rg BT 250.93 382.60 Td (value ) Tj ET Q q 0 0 0 rg BT 272.67 382.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 314.41 382.60 Td (from ) Tj ET Q q 0 0 0 rg BT 334.16 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.40 382.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 389.13 382.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.88 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.12 382.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 436.87 382.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 455.61 382.60 Td (until ) Tj ET Q q 0 0 0 rg BT 474.36 382.60 Td (June ) Tj ET Q q 0 0 0 rg BT 493.11 382.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 506.61 382.60 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 355.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 355.00 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 108.16 355.00 Td (ratio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.67 355.00 Td (: ) Tj ET Q q 0 0 0 rg BT 130.84 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 144.51 355.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 175.18 355.00 Td (is ) Tj ET Q q 0 0 0 rg BT 183.86 355.00 Td (required ) Tj ET Q q 0 0 0 rg BT 216.52 355.00 Td (to ) Tj ET Q q 0 0 0 rg BT 226.20 355.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 260.37 355.00 Td (a ) Tj ET Q q 0 0 0 rg BT 267.04 355.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 286.21 355.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.38 355.00 Td (net ) Tj ET Q q 0 0 0 rg BT 310.05 355.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 328.22 355.00 Td (to ) Tj ET Q q 0 0 0 rg BT 337.90 355.00 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 375.82 355.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 396.50 355.00 Td (to ) Tj ET Q q 0 0 0 rg BT 406.17 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.84 355.00 Td (amendment ) Tj ET Q q 0 0 0 rg BT 464.51 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 478.18 355.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 511.33 355.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 530.50 355.00 Td (had ) Tj ET Q q 0 0 0 rg BT 546.17 355.00 Td (to ) Tj ET Q q 0 0 0 rg BT 555.85 355.00 Td (be ) Tj ET Q q 0 0 0 rg BT 567.02 355.00 Td (no ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 344.20 Td (greater ) Tj ET Q q 0 0 0 rg BT 99.11 344.20 Td (than ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.74 344.20 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.99 344.20 Td (:1, ) Tj ET Q q 0 0 0 rg BT 139.37 344.20 Td (falling ) Tj ET Q q 0 0 0 rg BT 165.00 344.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.13 344.20 Td (5.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.38 344.20 Td (:1 ) Tj ET Q q 0 0 0 rg BT 194.51 344.20 Td (from ) Tj ET Q q 0 0 0 rg BT 214.14 344.20 Td (October ) Tj ET Q q 0 0 0 rg BT 245.26 344.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 254.14 344.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 276.52 344.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.65 344.20 Td (falling ) Tj ET Q q 0 0 0 rg BT 317.27 344.20 Td (again ) Tj ET Q q 0 0 0 rg BT 338.90 344.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.03 344.20 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.28 344.20 Td (:1 ) Tj ET Q q 0 0 0 rg BT 368.41 344.20 Td (from ) Tj ET Q q 0 0 0 rg BT 388.04 344.20 Td (January ) Tj ET Q q 0 0 0 rg BT 418.16 344.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 427.04 344.20 Td (2017. ) Tj ET Q q 0 0 0 rg BT 449.43 344.20 Td ( ) Tj ET Q q 0 0 0 rg BT 451.40 344.20 Td (The ) Tj ET Q q 0 0 0 rg BT 467.53 344.20 Td (amendment ) Tj ET Q q 0 0 0 rg BT 511.65 344.20 Td (retains ) Tj ET Q q 0 0 0 rg BT 537.77 344.20 Td (the ) Tj ET Q q 0 0 0 rg BT 550.90 344.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 569.52 344.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 333.40 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.25 333.40 Td (:1 ) Tj ET Q q 0 0 0 rg BT 92.50 333.40 Td (until ) Tj ET Q q 0 0 0 rg BT 111.25 333.40 Td (December ) Tj ET Q q 0 0 0 rg BT 150.48 333.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.98 333.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 186.48 333.40 Td (and ) Tj ET Q q 0 0 0 rg BT 201.72 333.40 Td (then ) Tj ET Q q 0 0 0 rg BT 219.47 333.40 Td (increases ) Tj ET Q q 0 0 0 rg BT 254.70 333.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.95 333.40 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.20 333.40 Td (:1 ) Tj ET Q q 0 0 0 rg BT 284.45 333.40 Td (between ) Tj ET Q q 0 0 0 rg BT 316.68 333.40 Td (January ) Tj ET Q q 0 0 0 rg BT 346.92 333.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 355.92 333.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 376.17 333.40 Td (and ) Tj ET Q q 0 0 0 rg BT 391.42 333.40 Td (June ) Tj ET Q q 0 0 0 rg BT 410.16 333.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 423.66 333.40 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 305.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 305.80 Td (Minimum-value-clauses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.48 305.80 Td (: ) Tj ET Q q 0 0 0 rg BT 162.87 305.80 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 197.89 305.80 Td (and ) Tj ET Q q 0 0 0 rg BT 212.78 305.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.67 305.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 267.69 305.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 297.07 305.80 Td (bank ) Tj ET Q q 0 0 0 rg BT 316.47 305.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 338.85 305.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 371.73 305.80 Td (contain ) Tj ET Q q 0 0 0 rg BT 400.12 305.80 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 450.00 305.80 Td (clauses, ) Tj ET Q q 0 0 0 rg BT 480.13 305.80 Td (or ) Tj ET Q q 0 0 0 rg BT 489.53 305.80 Td (minimum-value-clauses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 295.00 Td (\(MVC\), ) Tj ET Q q 0 0 0 rg BT 111.08 295.00 Td (which ) Tj ET Q q 0 0 0 rg BT 135.42 295.00 Td (could ) Tj ET Q q 0 0 0 rg BT 157.76 295.00 Td (require ) Tj ET Q q 0 0 0 rg BT 185.59 295.00 Td (the ) Tj ET Q q 0 0 0 rg BT 198.93 295.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 229.27 295.00 Td (and ) Tj ET Q q 0 0 0 rg BT 244.61 295.00 Td (the ) Tj ET Q q 0 0 0 rg BT 257.95 295.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 295.29 295.00 Td (to ) Tj ET Q q 0 0 0 rg BT 304.64 295.00 Td (post ) Tj ET Q q 0 0 0 rg BT 321.98 295.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 360.32 295.00 Td (collateral ) Tj ET Q q 0 0 0 rg BT 396.14 295.00 Td (or ) Tj ET Q q 0 0 0 rg BT 405.98 295.00 Td (prepay ) Tj ET Q q 0 0 0 rg BT 432.81 295.00 Td (a ) Tj ET Q q 0 0 0 rg BT 439.15 295.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 467.50 295.00 Td (of ) Tj ET Q q 0 0 0 rg BT 477.34 295.00 Td (the ) Tj ET Q q 0 0 0 rg BT 490.68 295.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 535.02 295.00 Td (borrowings ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 284.20 Td (should ) Tj ET Q q 0 0 0 rg BT 98.24 284.20 Td (the ) Tj ET Q q 0 0 0 rg BT 111.48 284.20 Td (value ) Tj ET Q q 0 0 0 rg BT 133.21 284.20 Td (of ) Tj ET Q q 0 0 0 rg BT 142.95 284.20 Td (the ) Tj ET Q q 0 0 0 rg BT 156.19 284.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 184.93 284.20 Td (units ) Tj ET Q q 0 0 0 rg BT 204.67 284.20 Td (securing ) Tj ET Q q 0 0 0 rg BT 237.40 284.20 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 280.64 284.20 Td (under ) Tj ET Q q 0 0 0 rg BT 303.37 284.20 Td (each ) Tj ET Q q 0 0 0 rg BT 322.10 284.20 Td (of ) Tj ET Q q 0 0 0 rg BT 331.84 284.20 Td (such ) Tj ET Q q 0 0 0 rg BT 350.57 284.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 393.79 284.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 427.01 284.20 Td (below ) Tj ET Q q 0 0 0 rg BT 451.24 284.20 Td (required ) Tj ET Q q 0 0 0 rg BT 483.47 284.20 Td (levels. ) Tj ET Q q 0 0 0 rg BT 508.95 284.20 Td ( ) Tj ET Q q 0 0 0 rg BT 511.03 284.20 Td (This ) Tj ET Q q 0 0 0 rg BT 529.27 284.20 Td (covenant ) Tj ET Q q 0 0 0 rg BT 564.00 284.20 Td (has ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 273.40 Td (been ) Tj ET Q q 0 0 0 rg BT 91.24 273.40 Td (suspended ) Tj ET Q q 0 0 0 rg BT 130.98 273.40 Td (until ) Tj ET Q q 0 0 0 rg BT 149.73 273.40 Td (June ) Tj ET Q q 0 0 0 rg BT 168.48 273.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 181.98 273.40 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 245.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 245.80 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 108.85 245.80 Td (Liquidity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.36 245.80 Td (: ) Tj ET Q q 0 0 0 rg BT 146.04 245.80 Td (The ) Tj ET Q q 0 0 0 rg BT 162.40 245.80 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 204.23 245.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 241.59 245.80 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 274.45 245.80 Td (requirement ) Tj ET Q q 0 0 0 rg BT 320.29 245.80 Td (for ) Tj ET Q q 0 0 0 rg BT 333.14 245.80 Td (the ) Tj ET Q q 0 0 0 rg BT 346.49 245.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 376.84 245.80 Td (Group ) Tj ET Q q 0 0 0 rg BT 402.20 245.80 Td (to ) Tj ET Q q 0 0 0 rg BT 411.56 245.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 445.41 245.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 463.75 245.80 Td (and ) Tj ET Q q 0 0 0 rg BT 479.11 245.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 497.46 245.80 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 540.80 245.80 Td (of ) Tj ET Q q 0 0 0 rg BT 550.66 245.80 Td (at ) Tj ET Q q 0 0 0 rg BT 559.51 245.80 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 235.00 Td ($150 ) Tj ET Q q 0 0 0 rg BT 92.25 235.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.25 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 120.50 235.00 Td (has ) Tj ET Q q 0 0 0 rg BT 134.75 235.00 Td (been ) Tj ET Q q 0 0 0 rg BT 153.99 235.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 190.22 235.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.47 235.00 Td ($250 ) Tj ET Q q 0 0 0 rg BT 219.72 235.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.72 235.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 76.75 207.40 Td (undertakings:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 193.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 193.60 Td (Further ) Tj ET Q q 0 0 0 rg BT 103.18 193.60 Td (pr) Tj ET Q q 0 0 0 rg BT 110.84 193.60 Td (ocess) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.34 193.60 Td (: ) Tj ET Q q 0 0 0 rg BT 136.02 193.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 167.19 193.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.36 193.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.53 193.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.71 193.60 Td (has ) Tj ET Q q 0 0 0 rg BT 250.89 193.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 278.05 193.60 Td (to ) Tj ET Q q 0 0 0 rg BT 288.22 193.60 Td (consultation, ) Tj ET Q q 0 0 0 rg BT 337.65 193.60 Td (information ) Tj ET Q q 0 0 0 rg BT 383.31 193.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 420.49 193.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.67 193.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 464.33 193.60 Td (processes ) Tj ET Q q 0 0 0 rg BT 501.99 193.60 Td (in ) Tj ET Q q 0 0 0 rg BT 512.17 193.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 540.83 193.60 Td (of ) Tj ET Q q 0 0 0 rg BT 551.51 193.60 Td (further ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 182.80 Td (discussions ) Tj ET Q q 0 0 0 rg BT 115.38 182.80 Td (with ) Tj ET Q q 0 0 0 rg BT 133.75 182.80 Td (its ) Tj ET Q q 0 0 0 rg BT 144.62 182.80 Td (lenders ) Tj ET Q q 0 0 0 rg BT 172.98 182.80 Td (under ) Tj ET Q q 0 0 0 rg BT 195.85 182.80 Td (its ) Tj ET Q q 0 0 0 rg BT 206.72 182.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 231.09 182.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 260.94 182.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 283.80 182.80 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 319.23 182.80 Td (This ) Tj ET Q q 0 0 0 rg BT 337.61 182.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 369.97 182.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 413.32 182.80 Td (in ) Tj ET Q q 0 0 0 rg BT 422.69 182.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 450.55 182.80 Td (of ) Tj ET Q q 0 0 0 rg BT 460.41 182.80 Td (progress ) Tj ET Q q 0 0 0 rg BT 493.28 182.80 Td (milestones ) Tj ET Q q 0 0 0 rg BT 534.15 182.80 Td (towards ) Tj ET Q q 0 0 0 rg BT 565.01 182.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 172.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 111.73 172.00 Td (of, ) Tj ET Q q 0 0 0 rg BT 123.72 172.00 Td (and ) Tj ET Q q 0 0 0 rg BT 138.97 172.00 Td (implementation ) Tj ET Q q 0 0 0 rg BT 197.71 172.00 Td (plan ) Tj ET Q q 0 0 0 rg BT 215.45 172.00 Td (in ) Tj ET Q q 0 0 0 rg BT 224.70 172.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 252.44 172.00 Td (of, ) Tj ET Q q 0 0 0 rg BT 264.43 172.00 Td (a ) Tj ET Q q 0 0 0 rg BT 270.68 172.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 327.41 172.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 363.64 172.00 Td (package.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 144.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 144.40 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 112.36 144.40 Td (undertakings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.36 144.40 Td (: ) Tj ET Q q 0 0 0 rg BT 163.74 144.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 193.61 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.49 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.36 144.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.24 144.40 Td (has ) Tj ET Q q 0 0 0 rg BT 272.12 144.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 297.98 144.40 Td (to ) Tj ET Q q 0 0 0 rg BT 306.86 144.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 344.73 144.40 Td (near) Tj ET Q q 0 0 0 rg BT 360.03 144.40 Td (-term ) Tj ET Q q 0 0 0 rg BT 381.40 144.40 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 419.27 144.40 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 467.64 144.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 506.50 144.40 Td (during ) Tj ET Q q 0 0 0 rg BT 531.87 144.40 Td (this ) Tj ET Q q 0 0 0 rg BT 546.76 144.40 Td (process, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 133.60 Td (including ) Tj ET Q q 0 0 0 rg BT 108.25 133.60 Td (\(without ) Tj ET Q q 0 0 0 rg BT 140.99 133.60 Td (limitation\) ) Tj ET Q q 0 0 0 rg BT 181.24 133.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 221.99 133.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.24 133.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 258.97 133.60 Td (of:) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 117.86 cm /I23 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 119.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 147.50 119.80 Td (share ) Tj ET Q q 0 0 0 rg BT 168.74 119.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 194.97 119.80 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 239.70 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 254.94 119.80 Td (total ) Tj ET Q q 0 0 0 rg BT 273.19 119.80 Td (return ) Tj ET Q q 0 0 0 rg BT 296.93 119.80 Td (swaps;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 104.06 cm /I24 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 106.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 153.25 106.00 Td (in, ) Tj ET Q q 0 0 0 rg BT 164.75 106.00 Td (extensions ) Tj ET Q q 0 0 0 rg BT 204.99 106.00 Td (of ) Tj ET Q q 0 0 0 rg BT 214.74 106.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 237.48 106.00 Td (to ) Tj ET Q q 0 0 0 rg BT 246.73 106.00 Td (or ) Tj ET Q q 0 0 0 rg BT 256.47 106.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.72 106.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 305.97 106.00 Td (of ) Tj ET Q q 0 0 0 rg BT 315.72 106.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.45 106.00 Td (support ) Tj ET Q q 0 0 0 rg BT 378.70 106.00 Td (for ) Tj ET Q q 0 0 0 rg BT 391.44 106.00 Td (non-wholly ) Tj ET Q q 0 0 0 rg BT 435.19 106.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 461.43 106.00 Td (subsidiaries;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 90.26 cm /I25 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 92.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 153.25 92.20 Td (in, ) Tj ET Q q 0 0 0 rg BT 164.75 92.20 Td (extensions ) Tj ET Q q 0 0 0 rg BT 204.99 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 214.74 92.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 237.48 92.20 Td (to ) Tj ET Q q 0 0 0 rg BT 246.73 92.20 Td (or ) Tj ET Q q 0 0 0 rg BT 256.47 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.72 92.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 305.97 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 315.72 92.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.45 92.20 Td (support ) Tj ET Q q 0 0 0 rg BT 378.70 92.20 Td (for ) Tj ET Q q 0 0 0 rg BT 391.44 92.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 410.19 92.20 Td (ventures ) Tj ET Q q 0 0 0 rg BT 442.93 92.20 Td (or ) Tj ET Q q 0 0 0 rg BT 452.68 92.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 491.92 92.20 Td (entities;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 76.46 cm /I26 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 78.40 Td (acquisitions;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 62.66 cm /I27 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 64.60 Td (dispositions;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 48.86 cm /I28 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 50.80 Td (prepayment, ) Tj ET Q q 0 0 0 rg BT 154.98 50.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 195.21 50.80 Td (or ) Tj ET Q q 0 0 0 rg BT 204.96 50.80 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 246.19 50.80 Td (of ) Tj ET Q q 0 0 0 rg BT 255.93 50.80 Td (any ) Tj ET Q q 0 0 0 rg BT 271.18 50.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 288.92 50.80 Td (obligations;) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (44) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 747.86 cm /I29 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 749.80 Td (granting ) Tj ET Q q 0 0 0 rg BT 140.24 749.80 Td (security; ) Tj ET Q q 0 0 0 rg BT 173.48 749.80 Td (and) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 734.06 cm /I30 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 736.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 144.74 736.00 Td (in ) Tj ET Q q 0 0 0 rg BT 153.99 736.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 181.73 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 191.47 736.00 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 227.22 736.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 255.97 736.00 Td (units,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 722.20 Td (in ) Tj ET Q q 0 0 0 rg BT 81.25 722.20 Td (each ) Tj ET Q q 0 0 0 rg BT 99.98 722.20 Td (case, ) Tj ET Q q 0 0 0 rg BT 119.97 722.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.71 722.20 Td (to ) Tj ET Q q 0 0 0 rg BT 156.96 722.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 184.71 722.20 Td (exceptions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 694.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 694.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 94.74 694.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 125.98 694.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.22 694.60 Td (provisions:) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 678.86 cm /I31 Do Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 679.60029296875 m 184.2197265625 679.60029296875 l s q 0 0 0 rg BT 108.00 680.80 Td (Undrawn ) Tj ET Q q 0 0 0 rg BT 143.73 680.80 Td (availability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.22 680.80 Td (: ) Tj ET Q q 0 0 0 rg BT 188.96 680.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 219.20 680.80 Td (and ) Tj ET Q q 0 0 0 rg BT 234.43 680.80 Td (the ) Tj ET Q q 0 0 0 rg BT 247.67 680.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.91 680.80 Td (has ) Tj ET Q q 0 0 0 rg BT 299.15 680.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 325.37 680.80 Td (to ) Tj ET Q q 0 0 0 rg BT 334.62 680.80 Td (refrain ) Tj ET Q q 0 0 0 rg BT 360.84 680.80 Td (from ) Tj ET Q q 0 0 0 rg BT 380.58 680.80 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 420.31 680.80 Td (any ) Tj ET Q q 0 0 0 rg BT 435.55 680.80 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 469.28 680.80 Td (commitments ) Tj ET Q q 0 0 0 rg BT 520.52 680.80 Td (under ) Tj ET Q q 0 0 0 rg BT 543.25 680.80 Td (its ) Tj ET Q q 0 0 0 rg BT 554.00 680.80 Td (senior ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 670.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 137.73 670.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 160.47 670.00 Td (facilities.) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 654.26 cm /I32 Do Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 655.00029296875 m 124.4970703125 655.00029296875 l s q 0 0 0 rg BT 108.00 656.20 Td (Fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.50 656.20 Td (: ) Tj ET Q q 0 0 0 rg BT 129.08 656.20 Td (The ) Tj ET Q q 0 0 0 rg BT 145.33 656.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.58 656.20 Td (has ) Tj ET Q q 0 0 0 rg BT 196.82 656.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 223.05 656.20 Td (to ) Tj ET Q q 0 0 0 rg BT 232.30 656.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 247.55 656.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 274.28 656.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 291.02 656.20 Td (to ) Tj ET Q q 0 0 0 rg BT 300.27 656.20 Td (its ) Tj ET Q q 0 0 0 rg BT 311.02 656.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 339.26 656.20 Td (in ) Tj ET Q q 0 0 0 rg BT 348.51 656.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 399.25 656.20 Td (of ) Tj ET Q q 0 0 0 rg BT 408.99 656.20 Td (these ) Tj ET Q q 0 0 0 rg BT 429.74 656.20 Td (extensions ) Tj ET Q q 0 0 0 rg BT 469.98 656.20 Td (and ) Tj ET Q q 0 0 0 rg BT 485.23 656.20 Td (amendments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 628.60 Td (These ) Tj ET Q q 0 0 0 rg BT 60.20 628.60 Td (extensions ) Tj ET Q q 0 0 0 rg BT 100.91 628.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.61 628.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 164.81 628.60 Td (are ) Tj ET Q q 0 0 0 rg BT 178.51 628.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 213.21 628.60 Td (to ) Tj ET Q q 0 0 0 rg BT 222.93 628.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 253.13 628.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 283.83 628.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.54 628.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.25 628.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.96 628.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.66 628.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.37 628.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 412.08 628.60 Td (group ) Tj ET Q q 0 0 0 rg BT 435.78 628.60 Td (with ) Tj ET Q q 0 0 0 rg BT 454.50 628.60 Td (a ) Tj ET Q q 0 0 0 rg BT 461.20 628.60 Td (period ) Tj ET Q q 0 0 0 rg BT 486.91 628.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.11 628.60 Td (stability ) Tj ET Q q 0 0 0 rg BT 528.82 628.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.53 628.60 Td (certainty ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 617.80 Td (while ) Tj ET Q q 0 0 0 rg BT 58.25 617.80 Td (a ) Tj ET Q q 0 0 0 rg BT 64.49 617.80 Td (more ) Tj ET Q q 0 0 0 rg BT 85.23 617.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 141.96 617.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 178.20 617.80 Td (package ) Tj ET Q q 0 0 0 rg BT 209.93 617.80 Td (is ) Tj ET Q q 0 0 0 rg BT 218.18 617.80 Td (agreed. ) Tj ET Q q 0 0 0 rg BT 246.66 617.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 276.90 617.80 Td (and ) Tj ET Q q 0 0 0 rg BT 292.15 617.80 Td (the ) Tj ET Q q 0 0 0 rg BT 305.39 617.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.64 617.80 Td (intends ) Tj ET Q q 0 0 0 rg BT 370.89 617.80 Td (to ) Tj ET Q q 0 0 0 rg BT 380.14 617.80 Td (further ) Tj ET Q q 0 0 0 rg BT 406.88 617.80 Td (communicate ) Tj ET Q q 0 0 0 rg BT 457.61 617.80 Td (these ) Tj ET Q q 0 0 0 rg BT 478.35 617.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 514.59 617.80 Td (plans ) Tj ET Q q 0 0 0 rg BT 535.83 617.80 Td (this ) Tj ET Q q 0 0 0 rg BT 551.09 617.80 Td (year) Tj ET Q q 0 0 0 rg BT 566.08 617.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 590.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 590.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 82.49 590.20 Td (and ) Tj ET Q q 0 0 0 rg BT 97.73 590.20 Td (the ) Tj ET Q q 0 0 0 rg BT 110.98 590.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.22 590.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 173.96 590.20 Td (to ) Tj ET Q q 0 0 0 rg BT 183.21 590.20 Td (remain ) Tj ET Q q 0 0 0 rg BT 210.45 590.20 Td (in ) Tj ET Q q 0 0 0 rg BT 219.70 590.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 263.43 590.20 Td (with ) Tj ET Q q 0 0 0 rg BT 281.68 590.20 Td (the ) Tj ET Q q 0 0 0 rg BT 294.92 590.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 329.66 590.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 367.89 590.20 Td (in ) Tj ET Q q 0 0 0 rg BT 377.14 590.20 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 561.40 Td (Our) Tj ET Q q 0 0 0 rg BT 53.60 561.40 Td ( Newbuilding Pr) Tj ET Q q 0 0 0 rg BT 123.43 561.40 Td (ogram) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 547.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 547.60 Td (e ) Tj ET Q q 0 0 0 rg BT 49.12 547.60 Td (have ) Tj ET Q q 0 0 0 rg BT 67.45 547.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 95.28 547.60 Td (into ) Tj ET Q q 0 0 0 rg BT 110.63 547.60 Td (a ) Tj ET Q q 0 0 0 rg BT 115.97 547.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 161.81 547.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 192.14 547.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.98 547.60 Td (one ) Tj ET Q q 0 0 0 rg BT 218.32 547.60 Td (sixth-generation ) Tj ET Q q 0 0 0 rg BT 278.15 547.60 Td (harsh ) Tj ET Q q 0 0 0 rg BT 298.99 547.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 345.83 547.60 Td (semi-submersible, ) Tj ET Q q 0 0 0 rg BT 412.91 547.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.25 547.60 Td (W) Tj ET Q q 0 0 0 rg BT 431.92 547.60 Td (est ) Tj ET Q q 0 0 0 rg BT 443.27 547.60 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.26 547.60 Td (, ) Tj ET Q q 0 0 0 rg BT 465.86 547.60 Td (with ) Tj ET Q q 0 0 0 rg BT 483.21 547.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 536.04 547.60 Td (contractual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.80 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 88.89 536.80 Td (including ) Tj ET Q q 0 0 0 rg BT 124.53 536.80 Td (project ) Tj ET Q q 0 0 0 rg BT 151.17 536.80 Td (management, ) Tj ET Q q 0 0 0 rg BT 201.04 536.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 236.68 536.80 Td (preparations, ) Tj ET Q q 0 0 0 rg BT 285.05 536.80 Td (and ) Tj ET Q q 0 0 0 rg BT 299.69 536.80 Td (variation ) Tj ET Q q 0 0 0 rg BT 333.33 536.80 Td (orders, ) Tj ET Q q 0 0 0 rg BT 359.71 536.80 Td (totaling ) Tj ET Q q 0 0 0 rg BT 388.86 536.80 Td ($717.5 ) Tj ET Q q 0 0 0 rg BT 415.25 536.80 Td (million ) Tj ET Q q 0 0 0 rg BT 442.90 536.80 Td (of ) Tj ET Q q 0 0 0 rg BT 452.04 536.80 Td (which ) Tj ET Q q 0 0 0 rg BT 475.69 536.80 Td (we ) Tj ET Q q 0 0 0 rg BT 487.83 536.80 Td (have ) Tj ET Q q 0 0 0 rg BT 506.46 536.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 523.60 536.80 Td ($204.3 ) Tj ET Q q 0 0 0 rg BT 550.00 536.80 Td (million ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 526.00 Td (date. ) Tj ET Q q 0 0 0 rg BT 64.58 526.00 Td (The ) Tj ET Q q 0 0 0 rg BT 80.66 526.00 Td (W) Tj ET Q q 0 0 0 rg BT 88.43 526.00 Td (est ) Tj ET Q q 0 0 0 rg BT 100.68 526.00 Td (Rigel ) Tj ET Q q 0 0 0 rg BT 122.43 526.00 Td (was ) Tj ET Q q 0 0 0 rg BT 138.67 526.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 176.91 526.00 Td (to ) Tj ET Q q 0 0 0 rg BT 186.16 526.00 Td (be ) Tj ET Q q 0 0 0 rg BT 196.91 526.00 Td (delivered ) Tj ET Q q 0 0 0 rg BT 232.64 526.00 Td (to ) Tj ET Q q 0 0 0 rg BT 241.89 526.00 Td (us ) Tj ET Q q 0 0 0 rg BT 252.14 526.00 Td (in ) Tj ET Q q 0 0 0 rg BT 261.39 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 274.64 526.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 298.88 526.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 326.61 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 336.36 526.00 Td (2015. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 498.40 Td (On ) Tj ET Q q 0 0 0 rg BT 49.38 498.40 Td (December ) Tj ET Q q 0 0 0 rg BT 88.75 498.40 Td (2, ) Tj ET Q q 0 0 0 rg BT 97.88 498.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 120.52 498.40 Td (we ) Tj ET Q q 0 0 0 rg BT 133.40 498.40 Td (signed ) Tj ET Q q 0 0 0 rg BT 159.28 498.40 Td (an ) Tj ET Q q 0 0 0 rg BT 170.16 498.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 214.53 498.40 Td (with ) Tj ET Q q 0 0 0 rg BT 232.91 498.40 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 259.80 498.40 Td (for ) Tj ET Q q 0 0 0 rg BT 272.68 498.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.06 498.40 Td (deferral ) Tj ET Q q 0 0 0 rg BT 316.42 498.40 Td (of ) Tj ET Q q 0 0 0 rg BT 326.30 498.40 Td (the ) Tj ET Q q 0 0 0 rg BT 339.68 498.40 Td (delivery ) Tj ET Q q 0 0 0 rg BT 371.56 498.40 Td (of ) Tj ET Q q 0 0 0 rg BT 381.44 498.40 Td (the ) Tj ET Q q 0 0 0 rg BT 394.82 498.40 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 460.69 498.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 489.58 498.40 Td (unit, ) Tj ET Q q 0 0 0 rg BT 508.21 498.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.59 498.40 Td (W) Tj ET Q q 0 0 0 rg BT 528.26 498.40 Td (est ) Tj ET Q q 0 0 0 rg BT 540.65 498.40 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.64 498.40 Td ( ) Tj ET Q q 0 0 0 rg BT 562.02 498.40 Td (\(the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 487.60 Td ("Unit"\). ) Tj ET Q q 0 0 0 rg BT 66.44 487.60 Td (The ) Tj ET Q q 0 0 0 rg BT 82.42 487.60 Td (deferral ) Tj ET Q q 0 0 0 rg BT 112.38 487.60 Td (period ) Tj ET Q q 0 0 0 rg BT 137.36 487.60 Td (lasts ) Tj ET Q q 0 0 0 rg BT 155.35 487.60 Td (until ) Tj ET Q q 0 0 0 rg BT 173.84 487.60 Td (June ) Tj ET Q q 0 0 0 rg BT 192.32 487.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 214.56 487.60 Td (following ) Tj ET Q q 0 0 0 rg BT 251.54 487.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 294.02 487.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.51 487.60 Td (which, ) Tj ET Q q 0 0 0 rg BT 329.74 487.60 Td (we ) Tj ET Q q 0 0 0 rg BT 342.22 487.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.20 487.60 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 383.69 487.60 Td (have ) Tj ET Q q 0 0 0 rg BT 402.67 487.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 428.63 487.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.62 487.60 Td (form ) Tj ET Q q 0 0 0 rg BT 457.10 487.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.09 487.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 481.57 487.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 501.06 487.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 530.54 487.60 Td (company ) Tj ET Q q 0 0 0 rg BT 565.52 487.60 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 476.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 54.26 476.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 93.50 476.80 Td (of ) Tj ET Q q 0 0 0 rg BT 102.76 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.51 476.80 Td (Unit, ) Tj ET Q q 0 0 0 rg BT 135.51 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 144.27 476.80 Td (be ) Tj ET Q q 0 0 0 rg BT 154.51 476.80 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.26 476.80 Td (23%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.76 476.80 Td ( ) Tj ET Q q 0 0 0 rg BT 198.51 476.80 Td (by ) Tj ET Q q 0 0 0 rg BT 209.27 476.80 Td (us ) Tj ET Q q 0 0 0 rg BT 219.03 476.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.77 476.80 Td (77%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.27 476.80 Td ( ) Tj ET Q q 0 0 0 rg BT 252.03 476.80 Td (by ) Tj ET Q q 0 0 0 rg BT 262.78 476.80 Td (Jurong, ) Tj ET Q q 0 0 0 rg BT 291.28 476.80 Td (in ) Tj ET Q q 0 0 0 rg BT 300.04 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 312.79 476.80 Td (event ) Tj ET Q q 0 0 0 rg BT 334.03 476.80 Td (no ) Tj ET Q q 0 0 0 rg BT 344.79 476.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 391.53 476.80 Td (is ) Tj ET Q q 0 0 0 rg BT 399.29 476.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 428.53 476.80 Td (for ) Tj ET Q q 0 0 0 rg BT 440.78 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 453.53 476.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 471.28 476.80 Td (and ) Tj ET Q q 0 0 0 rg BT 486.03 476.80 Td (no ) Tj ET Q q 0 0 0 rg BT 496.78 476.80 Td (alternative ) Tj ET Q q 0 0 0 rg BT 536.52 476.80 Td (transaction ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.00 Td (is ) Tj ET Q q 0 0 0 rg BT 44.44 466.00 Td (completed. ) Tj ET Q q 0 0 0 rg BT 86.62 466.00 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 466.00 Td (Until ) Tj ET Q q 0 0 0 rg BT 110.00 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.43 466.00 Td (end ) Tj ET Q q 0 0 0 rg BT 138.86 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 148.80 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.23 466.00 Td (deferral ) Tj ET Q q 0 0 0 rg BT 192.65 466.00 Td (period, ) Tj ET Q q 0 0 0 rg BT 220.33 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 233.76 466.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.20 466.00 Td (will ) Tj ET Q q 0 0 0 rg BT 287.64 466.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 321.07 466.00 Td (to ) Tj ET Q q 0 0 0 rg BT 330.51 466.00 Td (market ) Tj ET Q q 0 0 0 rg BT 357.93 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 371.37 466.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 387.81 466.00 Td (for ) Tj ET Q q 0 0 0 rg BT 400.74 466.00 Td (an ) Tj ET Q q 0 0 0 rg BT 411.68 466.00 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 452.08 466.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 481.02 466.00 Td (contract, ) Tj ET Q q 0 0 0 rg BT 514.69 466.00 Td (and ) Tj ET Q q 0 0 0 rg BT 530.13 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 543.56 466.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 562.00 466.00 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.20 Td (remain ) Tj ET Q q 0 0 0 rg BT 62.92 455.20 Td (at ) Tj ET Q q 0 0 0 rg BT 71.36 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 84.29 455.20 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 110.73 455.20 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 145.16 455.20 Td (in ) Tj ET Q q 0 0 0 rg BT 154.10 455.20 Td (Singapore. ) Tj ET Q q 0 0 0 rg BT 194.64 455.20 Td (W) Tj ET Q q 0 0 0 rg BT 202.41 455.20 Td (e ) Tj ET Q q 0 0 0 rg BT 208.34 455.20 Td (and ) Tj ET Q q 0 0 0 rg BT 223.27 455.20 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 249.71 455.20 Td (may ) Tj ET Q q 0 0 0 rg BT 267.14 455.20 Td (also ) Tj ET Q q 0 0 0 rg BT 283.58 455.20 Td (consider ) Tj ET Q q 0 0 0 rg BT 316.00 455.20 Td (other ) Tj ET Q q 0 0 0 rg BT 336.43 455.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 380.85 455.20 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 430.28 455.20 Td (for ) Tj ET Q q 0 0 0 rg BT 442.71 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 455.64 455.20 Td (Unit ) Tj ET Q q 0 0 0 rg BT 473.58 455.20 Td (during ) Tj ET Q q 0 0 0 rg BT 499.02 455.20 Td (this ) Tj ET Q q 0 0 0 rg BT 513.96 455.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 541.13 455.20 Td (However) Tj ET Q q 0 0 0 rg BT 573.76 455.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 444.40 Td (based ) Tj ET Q q 0 0 0 rg BT 59.16 444.40 Td (on ) Tj ET Q q 0 0 0 rg BT 70.83 444.40 Td (current ) Tj ET Q q 0 0 0 rg BT 98.98 444.40 Td (market ) Tj ET Q q 0 0 0 rg BT 126.64 444.40 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 169.05 444.40 Td (management ) Tj ET Q q 0 0 0 rg BT 217.70 444.40 Td (deems ) Tj ET Q q 0 0 0 rg BT 243.36 444.40 Td (the ) Tj ET Q q 0 0 0 rg BT 257.03 444.40 Td (most ) Tj ET Q q 0 0 0 rg BT 277.20 444.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 311.35 444.40 Td (outcome ) Tj ET Q q 0 0 0 rg BT 345.01 444.40 Td (to ) Tj ET Q q 0 0 0 rg BT 354.68 444.40 Td (be ) Tj ET Q q 0 0 0 rg BT 365.84 444.40 Td (that ) Tj ET Q q 0 0 0 rg BT 382.01 444.40 Td (the ) Tj ET Q q 0 0 0 rg BT 395.67 444.40 Td (Unit ) Tj ET Q q 0 0 0 rg BT 414.34 444.40 Td (will ) Tj ET Q q 0 0 0 rg BT 431.01 444.40 Td (be ) Tj ET Q q 0 0 0 rg BT 442.17 444.40 Td (contributed ) Tj ET Q q 0 0 0 rg BT 485.83 444.40 Td (to ) Tj ET Q q 0 0 0 rg BT 495.50 444.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.16 444.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 528.33 444.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 548.50 444.40 Td (holding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 433.60 Td (company) Tj ET Q q 0 0 0 rg BT 68.41 433.60 Td (. ) Tj ET Q q 0 0 0 rg BT 72.71 433.60 Td ( ) Tj ET Q q 0 0 0 rg BT 74.31 433.60 Td (As ) Tj ET Q q 0 0 0 rg BT 86.36 433.60 Td (a ) Tj ET Q q 0 0 0 rg BT 92.41 433.60 Td (result ) Tj ET Q q 0 0 0 rg BT 114.46 433.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.01 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.06 433.60 Td (above, ) Tj ET Q q 0 0 0 rg BT 162.85 433.60 Td (we ) Tj ET Q q 0 0 0 rg BT 175.40 433.60 Td (have ) Tj ET Q q 0 0 0 rg BT 194.44 433.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 233.48 433.60 Td (that ) Tj ET Q q 0 0 0 rg BT 249.03 433.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.08 433.60 Td (W) Tj ET Q q 0 0 0 rg BT 268.75 433.60 Td (est ) Tj ET Q q 0 0 0 rg BT 280.80 433.60 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.79 433.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.84 433.60 Td (should ) Tj ET Q q 0 0 0 rg BT 327.90 433.60 Td (be ) Tj ET Q q 0 0 0 rg BT 338.45 433.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 374.49 433.60 Td (as ) Tj ET Q q 0 0 0 rg BT 384.04 433.60 Td (an ) Tj ET Q q 0 0 0 rg BT 394.59 433.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 414.13 433.60 Td (held ) Tj ET Q q 0 0 0 rg BT 431.68 433.60 Td (for ) Tj ET Q q 0 0 0 rg BT 444.23 433.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 460.28 433.60 Td (as ) Tj ET Q q 0 0 0 rg BT 469.83 433.60 Td (at ) Tj ET Q q 0 0 0 rg BT 478.37 433.60 Td (December ) Tj ET Q q 0 0 0 rg BT 517.40 433.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 530.71 433.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 553.01 433.60 Td (Please ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 422.80 Td (see ) Tj ET Q q 0 0 0 rg BT 49.74 422.80 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.74 422.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 73.48 422.80 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.48 422.80 Td (Asset ) Tj ET Q q 0 0 0 rg BT 109.23 422.80 Td (held ) Tj ET Q q 0 0 0 rg BT 126.98 422.80 Td (for ) Tj ET Q q 0 0 0 rg BT 139.72 422.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 159.96 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 169.70 422.80 Td (the ) Tj ET Q q 0 0 0 rg BT 182.95 422.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 232.69 422.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 268.44 422.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 310.18 422.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 347.41 422.80 Td (herein ) Tj ET Q q 0 0 0 rg BT 372.15 422.80 Td (for ) Tj ET Q q 0 0 0 rg BT 384.90 422.80 Td (further ) Tj ET Q q 0 0 0 rg BT 411.63 422.80 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 394.00 Td (Sour) Tj ET Q q 0 0 0 rg BT 56.38 394.00 Td (ces and Uses of Cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.20 Td (At ) Tj ET Q q 0 0 0 rg BT 47.25 380.20 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.98 380.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.98 380.20 Td (, ) Tj ET Q q 0 0 0 rg BT 122.48 380.20 Td (we ) Tj ET Q q 0 0 0 rg BT 135.22 380.20 Td (had ) Tj ET Q q 0 0 0 rg BT 150.46 380.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 168.71 380.20 Td (and ) Tj ET Q q 0 0 0 rg BT 183.95 380.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.19 380.20 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 245.43 380.20 Td (totaling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.18 380.20 Td ($150.9 ) Tj ET Q q 0 0 0 rg BT 302.18 380.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.18 380.20 Td (, ) Tj ET Q q 0 0 0 rg BT 332.68 380.20 Td (as ) Tj ET Q q 0 0 0 rg BT 342.43 380.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 380.16 380.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.41 380.20 Td ($1) Tj ET Q q 0 0 0 rg BT 398.07 380.20 Td (16.2 ) Tj ET Q q 0 0 0 rg BT 416.07 380.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.08 380.20 Td ( ) Tj ET Q q 0 0 0 rg BT 444.33 380.20 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.58 380.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.58 380.20 Td (. ) Tj ET Q q 0 0 0 rg BT 476.08 380.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.26 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 58.03 352.60 Td (year ) Tj ET Q q 0 0 0 rg BT 75.28 352.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 98.54 352.60 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.78 352.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.78 352.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.80 352.60 Td (we ) Tj ET Q q 0 0 0 rg BT 185.06 352.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 221.80 352.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 239.56 352.60 Td (from ) Tj ET Q q 0 0 0 rg BT 258.83 352.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.08 352.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.35 352.60 Td ($339.9 ) Tj ET Q q 0 0 0 rg BT 333.87 352.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.87 352.60 Td (, ) Tj ET Q q 0 0 0 rg BT 363.89 352.60 Td (used ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.15 352.60 Td ($39.0 ) Tj ET Q q 0 0 0 rg BT 404.17 352.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.17 352.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.94 352.60 Td (in ) Tj ET Q q 0 0 0 rg BT 440.71 352.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 475.47 352.60 Td (activities, ) Tj ET Q q 0 0 0 rg BT 511.98 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.74 352.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.50 352.60 Td (outflows ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.80 Td (from ) Tj ET Q q 0 0 0 rg BT 55.37 341.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 91.22 341.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 125.58 341.80 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.94 341.80 Td ($264.1 ) Tj ET Q q 0 0 0 rg BT 171.56 341.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.56 341.80 Td (. ) Tj ET Q q 0 0 0 rg BT 201.69 341.80 Td ( ) Tj ET Q q 0 0 0 rg BT 203.56 341.80 Td (In ) Tj ET Q q 0 0 0 rg BT 212.92 341.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.79 341.80 Td (year ) Tj ET Q q 0 0 0 rg BT 243.15 341.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 266.51 341.80 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.86 341.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.86 341.80 Td (, ) Tj ET Q q 0 0 0 rg BT 340.98 341.80 Td (we ) Tj ET Q q 0 0 0 rg BT 353.34 341.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 390.19 341.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.05 341.80 Td (from ) Tj ET Q q 0 0 0 rg BT 427.42 341.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.78 341.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 341.80 Td ($199.1 ) Tj ET Q q 0 0 0 rg BT 502.77 341.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.77 341.80 Td (, ) Tj ET Q q 0 0 0 rg BT 532.89 341.80 Td (used ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.26 341.80 Td ($447.5 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 331.00 Td ( ) Tj ET Q q 0 0 0 rg BT 64.85 331.00 Td (in ) Tj ET Q q 0 0 0 rg BT 74.70 331.00 Td (investing ) Tj ET Q q 0 0 0 rg BT 110.54 331.00 Td (activities, ) Tj ET Q q 0 0 0 rg BT 148.13 331.00 Td (and ) Tj ET Q q 0 0 0 rg BT 163.97 331.00 Td (raised ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.31 331.00 Td ($271.2 ) Tj ET Q q 0 0 0 rg BT 215.91 331.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.91 331.00 Td ( ) Tj ET Q q 0 0 0 rg BT 244.76 331.00 Td (from ) Tj ET Q q 0 0 0 rg BT 265.10 331.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 301.94 331.00 Td (activities. ) Tj ET Q q 0 0 0 rg BT 339.52 331.00 Td ( ) Tj ET Q q 0 0 0 rg BT 342.37 331.00 Td ( ) Tj ET Q q 0 0 0 rg BT 345.22 331.00 Td (In ) Tj ET Q q 0 0 0 rg BT 355.56 331.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.40 331.00 Td (year ) Tj ET Q q 0 0 0 rg BT 387.74 331.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 412.08 331.00 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.40 331.00 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.40 331.00 Td (, ) Tj ET Q q 0 0 0 rg BT 488.50 331.00 Td (we ) Tj ET Q q 0 0 0 rg BT 501.84 331.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 539.66 331.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 558.50 331.00 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.74 320.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.49 320.20 Td ($425.2 ) Tj ET Q q 0 0 0 rg BT 112.49 320.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.49 320.20 Td (, ) Tj ET Q q 0 0 0 rg BT 142.99 320.20 Td (used ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.74 320.20 Td ($103.9 ) Tj ET Q q 0 0 0 rg BT 188.74 320.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.74 320.20 Td ( ) Tj ET Q q 0 0 0 rg BT 216.99 320.20 Td (in ) Tj ET Q q 0 0 0 rg BT 226.24 320.20 Td (investing ) Tj ET Q q 0 0 0 rg BT 261.49 320.20 Td (activities, ) Tj ET Q q 0 0 0 rg BT 298.48 320.20 Td (and ) Tj ET Q q 0 0 0 rg BT 313.72 320.20 Td (outflows ) Tj ET Q q 0 0 0 rg BT 347.47 320.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.22 320.20 Td ($334.0 ) Tj ET Q q 0 0 0 rg BT 384.22 320.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.22 320.20 Td ( ) Tj ET Q q 0 0 0 rg BT 412.47 320.20 Td (from ) Tj ET Q q 0 0 0 rg BT 432.22 320.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 468.45 320.20 Td (activities.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 264.90 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 264.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 264.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 264.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 264.90 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 264.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 235.90 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 235.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 235.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 235.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 235.90 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 235.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 205.90 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 205.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 205.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 205.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 205.90 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 205.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 177.90 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 177.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 177.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 177.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 177.90 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 177.90 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 357.5 278.9 m 427.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 278.9 m 431.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 278.9 m 501.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 278.9 m 506.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 278.9 m 576.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 278.9 m 427.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 264.9 m 427.5 264.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 278.9 m 501.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 264.9 m 501.5 264.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 278.9 m 506.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 264.9 m 506.5 264.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 278.9 m 576.5 278.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 264.9 m 576.5 264.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 205.89999999999998 m 357.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 205.89999999999998 m 427.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 205.89999999999998 m 431.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 205.89999999999998 m 501.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 205.89999999999998 m 506.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 205.89999999999998 m 576.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 177.89999999999998 m 357.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 177.89999999999998 m 427.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 177.89999999999998 m 431.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 177.89999999999998 m 501.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 177.89999999999998 m 506.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 177.89999999999998 m 576.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 163.89999999999998 m 357.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 163.89999999999998 m 427.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 163.89999999999998 m 431.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 163.89999999999998 m 501.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 163.89999999999998 m 506.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 163.89999999999998 m 576.5 163.89999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 283.35 Td (Years Ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.50 269.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.50 269.35 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 269.35 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 256.16 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 255.36 Td (339.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 255.36 Td (199.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 255.36 Td (425.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 240.36 Td (Net cash used in investing activities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.47 240.36 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 240.36 Td (\(39.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 240.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 240.36 Td (\(447.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 240.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 240.36 Td (\(103.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 240.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 225.36 Td (Net cash \(used in\)/provided by financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.95 225.36 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 225.36 Td (\(264.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 225.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 225.36 Td (271.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 225.36 Td (\(334.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 225.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 210.36 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.75 210.36 Td (\(2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 210.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 210.36 Td (9.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 210.36 Td (\(1.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 210.36 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 197.30 Td (Net incr) Tj ET Q q 0 0 0 rg BT 70.07 197.30 Td (ease/\(decr) Tj ET Q q 0 0 0 rg BT 108.39 197.30 Td (ease\) in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.25 196.35 Td (34.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 196.35 Td (32.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 196.35 Td (\(14.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 196.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 182.36 Td (Cash and cash equivalents at beginning of the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 182.36 Td (116.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.25 182.36 Td (84.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 182.36 Td (98.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 168.35 Td (Cash and cash equivalents at the end of period ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.75 168.35 Td (150.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.75 168.35 Td (116.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 168.35 Td (84.1) Tj ET Q BT /F1 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 136.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 50.75 136.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.50 136.80 Td (pr) Tj ET Q q 0 0 0 rg BT 77.16 136.80 Td (ovided ) Tj ET Q q 0 0 0 rg BT 103.40 136.80 Td (by ) Tj ET Q q 0 0 0 rg BT 114.15 136.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 151.40 136.80 Td (activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 123.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.91 123.00 Td (net ) Tj ET Q q 0 0 0 rg BT 66.82 123.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 85.73 123.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 123.63 123.00 Td (from ) Tj ET Q q 0 0 0 rg BT 144.04 123.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.45 123.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 221.34 123.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.26 123.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.26 123.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.18 123.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 290.58 123.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 123.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 123.00 Td ( ) Tj ET Q q 0 0 0 rg BT 321.42 123.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 357.82 123.00 Td (due ) Tj ET Q q 0 0 0 rg BT 373.74 123.00 Td (to ) Tj ET Q q 0 0 0 rg BT 383.66 123.00 Td (working ) Tj ET Q q 0 0 0 rg BT 416.57 123.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 443.47 123.00 Td (improvements ) Tj ET Q q 0 0 0 rg BT 497.88 123.00 Td (in ) Tj ET Q q 0 0 0 rg BT 507.80 123.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.71 123.00 Td (year) Tj ET Q q 0 0 0 rg BT 536.84 123.00 Td (, ) Tj ET Q q 0 0 0 rg BT 542.01 123.00 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 112.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 72.61 112.20 Td (collections ) Tj ET Q q 0 0 0 rg BT 113.71 112.20 Td (of ) Tj ET Q q 0 0 0 rg BT 123.32 112.20 Td (trade ) Tj ET Q q 0 0 0 rg BT 143.42 112.20 Td (receivables ) Tj ET Q q 0 0 0 rg BT 186.01 112.20 Td (and ) Tj ET Q q 0 0 0 rg BT 201.12 112.20 Td (related ) Tj ET Q q 0 0 0 rg BT 227.72 112.20 Td (party ) Tj ET Q q 0 0 0 rg BT 248.33 112.20 Td (balances. ) Tj ET Q q 0 0 0 rg BT 283.67 112.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 298.78 112.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 329.88 112.20 Td (in ) Tj ET Q q 0 0 0 rg BT 339.00 112.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 375.10 112.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 398.21 112.20 Td (and ) Tj ET Q q 0 0 0 rg BT 413.32 112.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 448.93 112.20 Td (were ) Tj ET Q q 0 0 0 rg BT 468.53 112.20 Td (an ) Tj ET Q q 0 0 0 rg BT 479.14 112.20 Td (inflow ) Tj ET Q q 0 0 0 rg BT 504.75 112.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.36 112.20 Td ($1) Tj ET Q q 0 0 0 rg BT 523.03 112.20 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 540.90 112.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.90 112.20 Td ( ) Tj ET Q q 0 0 0 rg BT 569.01 112.20 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 101.40 Td ( ) Tj ET Q q 0 0 0 rg BT 56.31 101.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 94.10 101.40 Td (to ) Tj ET Q q 0 0 0 rg BT 103.42 101.40 Td (an ) Tj ET Q q 0 0 0 rg BT 114.22 101.40 Td (outflow ) Tj ET Q q 0 0 0 rg BT 144.53 101.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.34 101.40 Td ($58.8 ) Tj ET Q q 0 0 0 rg BT 176.90 101.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.90 101.40 Td ( ) Tj ET Q q 0 0 0 rg BT 205.22 101.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.53 101.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.53 101.40 Td (. ) Tj ET Q q 0 0 0 rg BT 236.92 101.40 Td (W) Tj ET Q q 0 0 0 rg BT 244.70 101.40 Td (e ) Tj ET Q q 0 0 0 rg BT 251.00 101.40 Td (also ) Tj ET Q q 0 0 0 rg BT 267.81 101.40 Td (spent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.12 101.40 Td ($30.3 ) Tj ET Q q 0 0 0 rg BT 311.68 101.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.68 101.40 Td ( ) Tj ET Q q 0 0 0 rg BT 340.00 101.40 Td (on ) Tj ET Q q 0 0 0 rg BT 351.31 101.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 389.11 101.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 436.90 101.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.21 101.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.21 101.40 Td ( ) Tj ET Q q 0 0 0 rg BT 466.52 101.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 504.31 101.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.62 101.40 Td ($155.4 ) Tj ET Q q 0 0 0 rg BT 540.69 101.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.69 101.40 Td ( ) Tj ET Q q 0 0 0 rg BT 569.00 101.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 90.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 58.83 90.60 Td (due ) Tj ET Q q 0 0 0 rg BT 74.41 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.00 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.58 90.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 156.65 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.73 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 181.31 90.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.39 90.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 227.98 90.60 Td (program. ) Tj ET Q q 0 0 0 rg BT 263.11 90.60 Td (The ) Tj ET Q q 0 0 0 rg BT 279.69 90.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 311.75 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 321.33 90.60 Td (net ) Tj ET Q q 0 0 0 rg BT 334.91 90.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 353.49 90.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 391.05 90.60 Td (from ) Tj ET Q q 0 0 0 rg BT 411.13 90.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 451.20 90.60 Td (was ) Tj ET Q q 0 0 0 rg BT 467.78 90.60 Td (partly ) Tj ET Q q 0 0 0 rg BT 491.36 90.60 Td (of) Tj ET Q q 0 0 0 rg BT 498.69 90.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 514.27 90.60 Td (by ) Tj ET Q q 0 0 0 rg BT 525.86 90.60 Td (a ) Tj ET Q q 0 0 0 rg BT 532.44 90.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 569.01 90.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 79.80 Td (underlying ) Tj ET Q q 0 0 0 rg BT 77.24 79.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.48 79.80 Td (income.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 52.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 50.75 52.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.50 52.20 Td (used ) Tj ET Q q 0 0 0 rg BT 88.24 52.20 Td (in ) Tj ET Q q 0 0 0 rg BT 97.49 52.20 Td (Investing ) Tj ET Q q 0 0 0 rg BT 132.73 52.20 Td (activities) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.96 749.80 Td (net ) Tj ET Q q 0 0 0 rg BT 64.92 749.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.88 749.80 Td (used ) Tj ET Q q 0 0 0 rg BT 101.34 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 110.31 749.80 Td (investing ) Tj ET Q q 0 0 0 rg BT 145.28 749.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.73 749.80 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.69 749.80 Td ($39.0 ) Tj ET Q q 0 0 0 rg BT 217.91 749.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.91 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 245.88 749.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.85 749.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.85 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 277.06 749.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 314.51 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 323.48 749.80 Td (net ) Tj ET Q q 0 0 0 rg BT 336.44 749.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.40 749.80 Td (used ) Tj ET Q q 0 0 0 rg BT 372.86 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 381.83 749.80 Td (investing ) Tj ET Q q 0 0 0 rg BT 416.80 749.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 451.25 749.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.72 749.80 Td ($447.5 ) Tj ET Q q 0 0 0 rg BT 487.43 749.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.44 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 515.40 749.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.37 749.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.37 749.80 Td (. ) Tj ET Q q 0 0 0 rg BT 546.59 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 548.55 749.80 Td (In ) Tj ET Q q 0 0 0 rg BT 558.02 749.80 Td (2014 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (we ) Tj ET Q q 0 0 0 rg BT 48.74 739.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 66.49 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.73 739.00 Td (final ) Tj ET Q q 0 0 0 rg BT 98.48 739.00 Td (yard ) Tj ET Q q 0 0 0 rg BT 116.72 739.00 Td (installment ) Tj ET Q q 0 0 0 rg BT 158.96 739.00 Td (for ) Tj ET Q q 0 0 0 rg BT 171.71 739.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.95 739.00 Td (W) Tj ET Q q 0 0 0 rg BT 191.62 739.00 Td (est ) Tj ET Q q 0 0 0 rg BT 203.87 739.00 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.13 739.00 Td (which ) Tj ET Q q 0 0 0 rg BT 250.37 739.00 Td (was ) Tj ET Q q 0 0 0 rg BT 266.62 739.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 306.36 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 315.61 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.85 739.00 Td (first ) Tj ET Q q 0 0 0 rg BT 345.60 739.00 Td (half ) Tj ET Q q 0 0 0 rg BT 361.84 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 371.59 739.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 394.09 739.00 Td (No ) Tj ET Q q 0 0 0 rg BT 407.34 739.00 Td (newbuildings ) Tj ET Q q 0 0 0 rg BT 458.09 739.00 Td (were ) Tj ET Q q 0 0 0 rg BT 477.82 739.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 517.56 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 526.81 739.00 Td (2015.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 50.75 711.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.50 711.40 Td (used ) Tj ET Q q 0 0 0 rg BT 88.24 711.40 Td (in ) Tj ET Q q 0 0 0 rg BT 97.49 711.40 Td (Financing ) Tj ET Q q 0 0 0 rg BT 136.74 711.40 Td (activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.60 Td (he ) Tj ET Q q 0 0 0 rg BT 46.32 697.60 Td (net ) Tj ET Q q 0 0 0 rg BT 59.14 697.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 76.96 697.60 Td (used ) Tj ET Q q 0 0 0 rg BT 95.28 697.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.10 697.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 139.91 697.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 174.23 697.60 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.05 697.60 Td ($264.1 ) Tj ET Q q 0 0 0 rg BT 216.62 697.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.63 697.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.45 697.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.28 697.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.28 697.60 Td (, ) Tj ET Q q 0 0 0 rg BT 275.35 697.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 312.66 697.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.48 697.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.30 697.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 373.12 697.60 Td (by ) Tj ET Q q 0 0 0 rg BT 383.94 697.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 419.75 697.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 454.07 697.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.39 697.60 Td ($271.2 ) Tj ET Q q 0 0 0 rg BT 489.96 697.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.96 697.60 Td ( ) Tj ET Q q 0 0 0 rg BT 517.79 697.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.61 697.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.61 697.60 Td (. ) Tj ET Q q 0 0 0 rg BT 548.69 697.60 Td ( ) Tj ET Q q 0 0 0 rg BT 550.51 697.60 Td (During ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 686.80 Td (year ) Tj ET Q q 0 0 0 rg BT 66.98 686.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 90.72 686.80 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.45 686.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.45 686.80 Td ( ) Tj ET Q q 0 0 0 rg BT 163.70 686.80 Td (we ) Tj ET Q q 0 0 0 rg BT 176.44 686.80 Td (made ) Tj ET Q q 0 0 0 rg BT 198.18 686.80 Td (external ) Tj ET Q q 0 0 0 rg BT 229.41 686.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 247.16 686.80 Td (repayments ) Tj ET Q q 0 0 0 rg BT 290.89 686.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.64 686.80 Td ($305.1 ) Tj ET Q q 0 0 0 rg BT 327.64 686.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.64 686.80 Td (, ) Tj ET Q q 0 0 0 rg BT 358.14 686.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.87 686.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.12 686.80 Td ($430.5 ) Tj ET Q q 0 0 0 rg BT 432.12 686.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.13 686.80 Td ( ) Tj ET Q q 0 0 0 rg BT 460.38 686.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.63 686.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.63 686.80 Td (. ) Tj ET Q q 0 0 0 rg BT 492.13 686.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 659.20 Td (In ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.60 659.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.60 659.20 Td ( ) Tj ET Q q 0 0 0 rg BT 65.70 659.20 Td (we ) Tj ET Q q 0 0 0 rg BT 78.29 659.20 Td (also ) Tj ET Q q 0 0 0 rg BT 94.89 659.20 Td (raised ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.48 659.20 Td ($1,215.0 ) Tj ET Q q 0 0 0 rg BT 152.08 659.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.08 659.20 Td ( ) Tj ET Q q 0 0 0 rg BT 180.18 659.20 Td (in ) Tj ET Q q 0 0 0 rg BT 189.28 659.20 Td (new ) Tj ET Q q 0 0 0 rg BT 206.37 659.20 Td (debt, ) Tj ET Q q 0 0 0 rg BT 226.22 659.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 243.81 659.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 280.91 659.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.51 659.20 Td ($171.1 ) Tj ET Q q 0 0 0 rg BT 317.35 659.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.36 659.20 Td (, ) Tj ET Q q 0 0 0 rg BT 347.71 659.20 Td (and ) Tj ET Q q 0 0 0 rg BT 362.80 659.20 Td (made ) Tj ET Q q 0 0 0 rg BT 384.39 659.20 Td (net ) Tj ET Q q 0 0 0 rg BT 397.49 659.20 Td (repayments ) Tj ET Q q 0 0 0 rg BT 441.07 659.20 Td (of ) Tj ET Q q 0 0 0 rg BT 450.67 659.20 Td (related ) Tj ET Q q 0 0 0 rg BT 477.25 659.20 Td (party ) Tj ET Q q 0 0 0 rg BT 497.84 659.20 Td (and ) Tj ET Q q 0 0 0 rg BT 512.93 659.20 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 557.01 659.20 Td (loans ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 648.40 Td (of ) Tj ET Q q 0 0 0 rg BT 46.00 648.40 Td ($445 ) Tj ET Q q 0 0 0 rg BT 66.50 648.40 Td (million. ) Tj ET Q q 0 0 0 rg BT 97.25 648.40 Td (In ) Tj ET Q q 0 0 0 rg BT 107.25 648.40 Td (February ) Tj ET Q q 0 0 0 rg BT 142.24 648.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 164.99 648.40 Td (we ) Tj ET Q q 0 0 0 rg BT 177.99 648.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 217.98 648.40 Td (our ) Tj ET Q q 0 0 0 rg BT 232.48 648.40 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 280.96 648.40 Td (initial ) Tj ET Q q 0 0 0 rg BT 304.46 648.40 Td (public ) Tj ET Q q 0 0 0 rg BT 329.46 648.40 Td (of) Tj ET Q q 0 0 0 rg BT 336.79 648.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 360.78 648.40 Td (in ) Tj ET Q q 0 0 0 rg BT 370.28 648.40 Td (the ) Tj ET Q q 0 0 0 rg BT 383.78 648.40 Td (United ) Tj ET Q q 0 0 0 rg BT 410.78 648.40 Td (States ) Tj ET Q q 0 0 0 rg BT 434.78 648.40 Td (of ) Tj ET Q q 0 0 0 rg BT 444.77 648.40 Td (13,513,514 ) Tj ET Q q 0 0 0 rg BT 487.78 648.40 Td (common ) Tj ET Q q 0 0 0 rg BT 521.77 648.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 546.77 648.40 Td (at ) Tj ET Q q 0 0 0 rg BT 555.76 648.40 Td ($9.25 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 637.60 Td (per ) Tj ET Q q 0 0 0 rg BT 49.74 637.60 Td (share, ) Tj ET Q q 0 0 0 rg BT 73.23 637.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 106.98 637.60 Td (in ) Tj ET Q q 0 0 0 rg BT 116.23 637.60 Td (net ) Tj ET Q q 0 0 0 rg BT 129.47 637.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 163.71 637.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.96 637.60 Td (us ) Tj ET Q q 0 0 0 rg BT 183.21 637.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.96 637.60 Td ($1) Tj ET Q q 0 0 0 rg BT 201.62 637.60 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 219.62 637.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.62 637.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 608.80 Td (Dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 595.00 Td (For ) Tj ET Q q 0 0 0 rg BT 50.47 595.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.43 595.00 Td (year ) Tj ET Q q 0 0 0 rg BT 80.88 595.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 104.34 595.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 156.78 595.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 179.00 595.00 Td (we ) Tj ET Q q 0 0 0 rg BT 191.46 595.00 Td (did ) Tj ET Q q 0 0 0 rg BT 204.93 595.00 Td (not ) Tj ET Q q 0 0 0 rg BT 218.40 595.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 233.36 595.00 Td (any ) Tj ET Q q 0 0 0 rg BT 248.32 595.00 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 287.53 595.00 Td (while ) Tj ET Q q 0 0 0 rg BT 309.49 595.00 Td (for ) Tj ET Q q 0 0 0 rg BT 321.96 595.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.92 595.00 Td (same ) Tj ET Q q 0 0 0 rg BT 355.38 595.00 Td (period ) Tj ET Q q 0 0 0 rg BT 380.34 595.00 Td (in ) Tj ET Q q 0 0 0 rg BT 389.30 595.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 409.27 595.00 Td (we ) Tj ET Q q 0 0 0 rg BT 421.73 595.00 Td (paid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.19 595.00 Td ($171.1 ) Tj ET Q q 0 0 0 rg BT 465.91 595.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.91 595.00 Td ( ) Tj ET Q q 0 0 0 rg BT 493.88 595.00 Td (in ) Tj ET Q q 0 0 0 rg BT 502.85 595.00 Td (total ) Tj ET Q q 0 0 0 rg BT 520.81 595.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 538.77 595.00 Td (dividends. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 584.20 Td (On ) Tj ET Q q 0 0 0 rg BT 48.64 584.20 Td (November ) Tj ET Q q 0 0 0 rg BT 88.26 584.20 Td (26, ) Tj ET Q q 0 0 0 rg BT 101.15 584.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 123.04 584.20 Td (the ) Tj ET Q q 0 0 0 rg BT 135.68 584.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.31 584.20 Td (suspended ) Tj ET Q q 0 0 0 rg BT 211.45 584.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 244.58 584.20 Td (distributions ) Tj ET Q q 0 0 0 rg BT 291.23 584.20 Td (until ) Tj ET Q q 0 0 0 rg BT 309.37 584.20 Td (further ) Tj ET Q q 0 0 0 rg BT 335.49 584.20 Td (notice. ) Tj ET Q q 0 0 0 rg BT 361.37 584.20 Td ( ) Tj ET Q q 0 0 0 rg BT 363.01 584.20 Td ( ) Tj ET Q q 0 0 0 rg BT 364.29 584.20 Td (As ) Tj ET Q q 0 0 0 rg BT 375.93 584.20 Td (of ) Tj ET Q q 0 0 0 rg BT 385.06 584.20 Td (May ) Tj ET Q q 0 0 0 rg BT 403.20 584.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 425.09 584.20 Td (as ) Tj ET Q q 0 0 0 rg BT 434.23 584.20 Td (part ) Tj ET Q q 0 0 0 rg BT 449.86 584.20 Td (of ) Tj ET Q q 0 0 0 rg BT 458.99 584.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.63 584.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 518.76 584.20 Td (to ) Tj ET Q q 0 0 0 rg BT 527.40 584.20 Td (the ) Tj ET Q q 0 0 0 rg BT 540.03 584.20 Td (covenants ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 573.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 72.88 573.40 Td (in ) Tj ET Q q 0 0 0 rg BT 81.77 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 94.66 573.40 Td (Company) Tj ET Q q 0 0 0 rg BT 132.16 573.40 Td (s ) Tj ET Q q 0 0 0 rg BT 137.56 573.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 161.45 573.40 Td (secured ) Tj ET Q q 0 0 0 rg BT 190.82 573.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 213.21 573.40 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 248.33 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 261.22 573.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 298.12 573.40 Td (is ) Tj ET Q q 0 0 0 rg BT 306.01 573.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 341.39 573.40 Td (from ) Tj ET Q q 0 0 0 rg BT 360.78 573.40 Td (making ) Tj ET Q q 0 0 0 rg BT 389.67 573.40 Td (dividend ) Tj ET Q q 0 0 0 rg BT 423.06 573.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 469.96 573.40 Td (during ) Tj ET Q q 0 0 0 rg BT 495.35 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 508.24 573.40 Td (waiver ) Tj ET Q q 0 0 0 rg BT 534.62 573.40 Td (period ) Tj ET Q q 0 0 0 rg BT 559.50 573.40 Td (until ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.60 Td (January ) Tj ET Q q 0 0 0 rg BT 66.27 562.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 73.04 562.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 95.57 562.60 Td (In ) Tj ET Q q 0 0 0 rg BT 105.35 562.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 139.37 562.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.14 562.60 Td (April ) Tj ET Q q 0 0 0 rg BT 169.42 562.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 191.95 562.60 Td (as ) Tj ET Q q 0 0 0 rg BT 201.72 562.60 Td (part ) Tj ET Q q 0 0 0 rg BT 217.99 562.60 Td (of ) Tj ET Q q 0 0 0 rg BT 227.76 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.04 562.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 288.80 562.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.08 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.35 562.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 349.62 562.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 386.88 562.60 Td (in ) Tj ET Q q 0 0 0 rg BT 396.16 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.43 562.60 Td (Company) Tj ET Q q 0 0 0 rg BT 446.93 562.60 Td (s ) Tj ET Q q 0 0 0 rg BT 452.71 562.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 476.98 562.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 506.74 562.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 529.50 562.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 565.02 562.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.03 551.80 Td (is ) Tj ET Q q 0 0 0 rg BT 81.07 551.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 116.58 551.80 Td (from ) Tj ET Q q 0 0 0 rg BT 136.11 551.80 Td (making ) Tj ET Q q 0 0 0 rg BT 165.14 551.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 198.67 551.80 Td (distributions ) Tj ET Q q 0 0 0 rg BT 245.70 551.80 Td (during ) Tj ET Q q 0 0 0 rg BT 271.23 551.80 Td (the ) Tj ET Q q 0 0 0 rg BT 284.26 551.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 328.28 551.80 Td (period ) Tj ET Q q 0 0 0 rg BT 353.30 551.80 Td (until ) Tj ET Q q 0 0 0 rg BT 371.84 551.80 Td (June ) Tj ET Q q 0 0 0 rg BT 390.37 551.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 403.65 551.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 425.93 551.80 Td ( ) Tj ET Q q 0 0 0 rg BT 427.97 551.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 452.99 551.80 Td (see ) Tj ET Q q 0 0 0 rg BT 466.51 551.80 Td ("Item ) Tj ET Q q 0 0 0 rg BT 488.71 551.80 Td (8. ) Tj ET Q q 0 0 0 rg BT 497.50 551.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 533.02 551.80 Td (Information) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 541.00 Td (A. ) Tj ET Q q 0 0 0 rg BT 56.00 541.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.75 541.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 147.49 541.00 Td (and ) Tj ET Q q 0 0 0 rg BT 162.73 541.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 185.48 541.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 221.22 541.00 Td (InformationDividend ) Tj ET Q q 0 0 0 rg BT 308.95 541.00 Td (Policy" ) Tj ET Q q 0 0 0 rg BT 337.87 541.00 Td (for ) Tj ET Q q 0 0 0 rg BT 350.62 541.00 Td (more ) Tj ET Q q 0 0 0 rg BT 371.36 541.00 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 512.20 Td (Restrictions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 498.40 Td (North ) Tj ET Q q 0 0 0 rg BT 58.34 498.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.05 498.40 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 119.27 498.40 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 137.99 498.40 Td (as ) Tj ET Q q 0 0 0 rg BT 147.21 498.40 Td (the ) Tj ET Q q 0 0 0 rg BT 159.92 498.40 Td (parent ) Tj ET Q q 0 0 0 rg BT 184.13 498.40 Td (company ) Tj ET Q q 0 0 0 rg BT 218.84 498.40 Td (of ) Tj ET Q q 0 0 0 rg BT 228.06 498.40 Td (its ) Tj ET Q q 0 0 0 rg BT 238.28 498.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.99 498.40 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 320.45 498.40 Td (is ) Tj ET Q q 0 0 0 rg BT 328.18 498.40 Td (not ) Tj ET Q q 0 0 0 rg BT 341.40 498.40 Td (a ) Tj ET Q q 0 0 0 rg BT 347.11 498.40 Td (party ) Tj ET Q q 0 0 0 rg BT 367.33 498.40 Td (to ) Tj ET Q q 0 0 0 rg BT 376.05 498.40 Td (any ) Tj ET Q q 0 0 0 rg BT 390.76 498.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 418.98 498.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 453.19 498.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 482.40 498.40 Td (and ) Tj ET Q q 0 0 0 rg BT 497.11 498.40 Td (is ) Tj ET Q q 0 0 0 rg BT 504.84 498.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 539.03 498.40 Td (dependent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 487.60 Td (on ) Tj ET Q q 0 0 0 rg BT 48.15 487.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 84.78 487.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.93 487.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 152.08 487.60 Td (from ) Tj ET Q q 0 0 0 rg BT 172.73 487.60 Td (its ) Tj ET Q q 0 0 0 rg BT 184.38 487.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 230.03 487.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.17 487.60 Td (other ) Tj ET Q q 0 0 0 rg BT 267.82 487.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 313.96 487.60 Td (to ) Tj ET Q q 0 0 0 rg BT 324.11 487.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 344.76 487.60 Td (its ) Tj ET Q q 0 0 0 rg BT 356.41 487.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 390.55 487.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 435.95 487.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 457.10 487.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 491.75 487.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 529.39 487.60 Td (are ) Tj ET Q q 0 0 0 rg BT 543.53 487.60 Td (regularly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 476.80 Td (transferred ) Tj ET Q q 0 0 0 rg BT 78.14 476.80 Td (by ) Tj ET Q q 0 0 0 rg BT 90.31 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 104.48 476.80 Td (various ) Tj ET Q q 0 0 0 rg BT 134.14 476.80 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 182.05 476.80 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 212.73 476.80 Td (funds ) Tj ET Q q 0 0 0 rg BT 235.89 476.80 Td (are ) Tj ET Q q 0 0 0 rg BT 250.05 476.80 Td (deposited ) Tj ET Q q 0 0 0 rg BT 287.71 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 297.88 476.80 Td (maximize ) Tj ET Q q 0 0 0 rg BT 336.53 476.80 Td (returns ) Tj ET Q q 0 0 0 rg BT 364.69 476.80 Td (while ) Tj ET Q q 0 0 0 rg BT 387.86 476.80 Td (providing ) Tj ET Q q 0 0 0 rg BT 426.02 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 440.19 476.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 478.35 476.80 Td (with ) Tj ET Q q 0 0 0 rg BT 497.52 476.80 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 536.19 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 546.35 476.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 567.01 476.80 Td (all ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 85.23 466.00 Td (for ) Tj ET Q q 0 0 0 rg BT 97.98 466.00 Td (working ) Tj ET Q q 0 0 0 rg BT 130.22 466.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 156.46 466.00 Td (and ) Tj ET Q q 0 0 0 rg BT 171.70 466.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 197.94 466.00 Td (investments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 437.20 Td (Hedging of market risk) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 423.40 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 423.40 Td (e ) Tj ET Q q 0 0 0 rg BT 50.50 423.40 Td (use ) Tj ET Q q 0 0 0 rg BT 65.23 423.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.45 423.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 144.18 423.40 Td (to ) Tj ET Q q 0 0 0 rg BT 153.91 423.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 180.63 423.40 Td (the ) Tj ET Q q 0 0 0 rg BT 194.36 423.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 210.59 423.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 250.31 423.40 Td (with ) Tj ET Q q 0 0 0 rg BT 269.04 423.40 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 314.27 423.40 Td (in ) Tj ET Q q 0 0 0 rg BT 324.00 423.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.22 423.40 Td (and ) Tj ET Q q 0 0 0 rg BT 368.95 423.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 397.67 423.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 434.39 423.40 Td (rates. ) Tj ET Q q 0 0 0 rg BT 456.36 423.40 Td (Most ) Tj ET Q q 0 0 0 rg BT 477.60 423.40 Td (of ) Tj ET Q q 0 0 0 rg BT 487.83 423.40 Td (these ) Tj ET Q q 0 0 0 rg BT 509.05 423.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 552.77 423.40 Td (do ) Tj ET Q q 0 0 0 rg BT 564.50 423.40 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 412.60 Td (qualify ) Tj ET Q q 0 0 0 rg BT 63.86 412.60 Td (for ) Tj ET Q q 0 0 0 rg BT 76.73 412.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 100.59 412.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 142.45 412.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.82 412.60 Td (any ) Tj ET Q q 0 0 0 rg BT 173.18 412.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 204.54 412.60 Td (in ) Tj ET Q q 0 0 0 rg BT 213.91 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.28 412.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.14 412.60 Td (values ) Tj ET Q q 0 0 0 rg BT 267.51 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 277.38 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.74 412.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.60 412.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 368.97 412.60 Td (are ) Tj ET Q q 0 0 0 rg BT 382.33 412.60 Td (included ) Tj ET Q q 0 0 0 rg BT 415.69 412.60 Td (in ) Tj ET Q q 0 0 0 rg BT 425.06 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.43 412.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 488.30 412.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 526.66 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 536.53 412.60 Td (Operations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 401.80 Td (under ) Tj ET Q q 0 0 0 rg BT 58.74 401.80 Td ("gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 102.66 401.80 Td (on ) Tj ET Q q 0 0 0 rg BT 113.91 401.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 152.14 401.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.88 401.80 Td (instruments.") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 60.19 374.20 Td (see ) Tj ET Q q 0 0 0 rg BT 72.88 374.20 Td ("Item ) Tj ET Q q 0 0 0 rg BT 94.24 374.20 Td (1) Tj ET Q q 0 0 0 rg BT 98.41 374.20 Td (1Quantitative ) Tj ET Q q 0 0 0 rg BT 153.09 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 167.29 374.20 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 206.47 374.20 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 247.66 374.20 Td (about ) Tj ET Q q 0 0 0 rg BT 268.85 374.20 Td (market ) Tj ET Q q 0 0 0 rg BT 295.04 374.20 Td (risk" ) Tj ET Q q 0 0 0 rg BT 313.41 374.20 Td (for ) Tj ET Q q 0 0 0 rg BT 325.10 374.20 Td (a ) Tj ET Q q 0 0 0 rg BT 330.30 374.20 Td (more ) Tj ET Q q 0 0 0 rg BT 349.99 374.20 Td (detailed ) Tj ET Q q 0 0 0 rg BT 379.67 374.20 Td (discussion ) Tj ET Q q 0 0 0 rg BT 418.37 374.20 Td (of ) Tj ET Q q 0 0 0 rg BT 427.06 374.20 Td (how ) Tj ET Q q 0 0 0 rg BT 443.76 374.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 473.95 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 482.14 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 494.34 374.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 530.52 374.20 Td (environment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.40 Td (would ) Tj ET Q q 0 0 0 rg BT 60.75 363.40 Td (af) Tj ET Q q 0 0 0 rg BT 67.58 363.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 83.32 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 96.56 363.40 Td (Company) Tj ET Q q 0 0 0 rg BT 130.97 363.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 335.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 61.02 335.80 Td (see ) Tj ET Q q 0 0 0 rg BT 74.54 335.80 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.22 335.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 97.74 335.80 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.74 335.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 129.78 335.80 Td (management ) Tj ET Q q 0 0 0 rg BT 177.79 335.80 Td (and ) Tj ET Q q 0 0 0 rg BT 192.81 335.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.33 335.80 Td (instruments" ) Tj ET Q q 0 0 0 rg BT 274.03 335.80 Td (to ) Tj ET Q q 0 0 0 rg BT 283.06 335.80 Td (our ) Tj ET Q q 0 0 0 rg BT 297.09 335.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 346.61 335.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 382.14 335.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 423.66 335.80 Td (included ) Tj ET Q q 0 0 0 rg BT 456.68 335.80 Td (herein, ) Tj ET Q q 0 0 0 rg BT 483.45 335.80 Td (for ) Tj ET Q q 0 0 0 rg BT 495.97 335.80 Td (further ) Tj ET Q q 0 0 0 rg BT 522.49 335.80 Td (information ) Tj ET Q q 0 0 0 rg BT 567.01 335.80 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 325.00 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 325.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 67.99 325.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 101.23 325.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.47 325.00 Td (bonds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 296.20 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 296.20 Td ( Resear) Tj ET Q q 0 0 0 rg BT 103.75 296.20 Td (ch and development, patents and licenses, etc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.60 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 268.60 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 268.60 Td (do ) Tj ET Q q 0 0 0 rg BT 61.27 268.60 Td (not ) Tj ET Q q 0 0 0 rg BT 75.02 268.60 Td (undertake ) Tj ET Q q 0 0 0 rg BT 112.75 268.60 Td (any ) Tj ET Q q 0 0 0 rg BT 128.00 268.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 168.24 268.60 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 212.97 268.60 Td (on ) Tj ET Q q 0 0 0 rg BT 224.22 268.60 Td (research ) Tj ET Q q 0 0 0 rg BT 256.44 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.69 268.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 322.67 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.92 268.60 Td (have ) Tj ET Q q 0 0 0 rg BT 357.16 268.60 Td (no ) Tj ET Q q 0 0 0 rg BT 368.41 268.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 408.65 268.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 440.89 268.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.14 268.60 Td (patents ) Tj ET Q q 0 0 0 rg BT 477.88 268.60 Td (or ) Tj ET Q q 0 0 0 rg BT 487.63 268.60 Td (licenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 239.80 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 239.80 Td (T) Tj ET Q q 0 0 0 rg BT 77.93 239.80 Td (r) Tj ET Q q 0 0 0 rg BT 82.19 239.80 Td (end information) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 212.20 Td (As ) Tj ET Q q 0 0 0 rg BT 48.41 212.20 Td (a ) Tj ET Q q 0 0 0 rg BT 54.81 212.20 Td (result ) Tj ET Q q 0 0 0 rg BT 77.21 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 87.12 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 100.52 212.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 128.91 212.20 Td (in ) Tj ET Q q 0 0 0 rg BT 138.32 212.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 150.23 212.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 174.12 212.20 Td (and ) Tj ET Q q 0 0 0 rg BT 189.53 212.20 Td (reductions ) Tj ET Q q 0 0 0 rg BT 229.42 212.20 Td (in ) Tj ET Q q 0 0 0 rg BT 238.83 212.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 250.74 212.20 Td (company ) Tj ET Q q 0 0 0 rg BT 286.14 212.20 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 336.78 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.18 212.20 Td (of) Tj ET Q q 0 0 0 rg BT 357.51 212.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 382.41 212.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 411.32 212.20 Td (market ) Tj ET Q q 0 0 0 rg BT 438.71 212.20 Td (is ) Tj ET Q q 0 0 0 rg BT 447.12 212.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 482.02 212.20 Td (entering ) Tj ET Q q 0 0 0 rg BT 513.91 212.20 Td (its ) Tj ET Q q 0 0 0 rg BT 524.82 212.20 Td (third ) Tj ET Q q 0 0 0 rg BT 544.23 212.20 Td (year ) Tj ET Q q 0 0 0 rg BT 562.12 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 572.02 212.20 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 201.40 Td (downturn. ) Tj ET Q q 0 0 0 rg BT 74.82 201.40 Td ( ) Tj ET Q q 0 0 0 rg BT 76.90 201.40 Td (Rig ) Tj ET Q q 0 0 0 rg BT 91.98 201.40 Td (owners ) Tj ET Q q 0 0 0 rg BT 120.04 201.40 Td (are ) Tj ET Q q 0 0 0 rg BT 133.11 201.40 Td (bidding ) Tj ET Q q 0 0 0 rg BT 162.68 201.40 Td (for ) Tj ET Q q 0 0 0 rg BT 175.25 201.40 Td (available ) Tj ET Q q 0 0 0 rg BT 209.81 201.40 Td (work ) Tj ET Q q 0 0 0 rg BT 230.38 201.40 Td (extremely ) Tj ET Q q 0 0 0 rg BT 268.44 201.40 Td (competitively ) Tj ET Q q 0 0 0 rg BT 320.00 201.40 Td (with ) Tj ET Q q 0 0 0 rg BT 338.07 201.40 Td (a ) Tj ET Q q 0 0 0 rg BT 344.14 201.40 Td (focus ) Tj ET Q q 0 0 0 rg BT 365.71 201.40 Td (on ) Tj ET Q q 0 0 0 rg BT 376.79 201.40 Td (utilization ) Tj ET Q q 0 0 0 rg BT 415.36 201.40 Td (over ) Tj ET Q q 0 0 0 rg BT 433.42 201.40 Td (returns, ) Tj ET Q q 0 0 0 rg BT 462.74 201.40 Td (which ) Tj ET Q q 0 0 0 rg BT 486.81 201.40 Td (will ) Tj ET Q q 0 0 0 rg BT 502.89 201.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 525.46 201.40 Td (drive ) Tj ET Q q 0 0 0 rg BT 546.02 201.40 Td (dayrates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 190.60 Td (down ) Tj ET Q q 0 0 0 rg BT 58.25 190.60 Td (to ) Tj ET Q q 0 0 0 rg BT 67.50 190.60 Td (or ) Tj ET Q q 0 0 0 rg BT 77.25 190.60 Td (below ) Tj ET Q q 0 0 0 rg BT 101.49 190.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.73 190.60 Td (breakeven ) Tj ET Q q 0 0 0 rg BT 158.96 190.60 Td (levels. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 163.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.87 163.00 Td (harsh ) Tj ET Q q 0 0 0 rg BT 75.25 163.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 123.62 163.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 153.00 163.00 Td (market ) Tj ET Q q 0 0 0 rg BT 180.87 163.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 218.24 163.00 Td (to ) Tj ET Q q 0 0 0 rg BT 228.13 163.00 Td (be ) Tj ET Q q 0 0 0 rg BT 239.50 163.00 Td (oversupplied ) Tj ET Q q 0 0 0 rg BT 288.87 163.00 Td (with ) Tj ET Q q 0 0 0 rg BT 307.76 163.00 Td (multiple ) Tj ET Q q 0 0 0 rg BT 340.64 163.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 370.02 163.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 386.40 163.00 Td (chasing ) Tj ET Q q 0 0 0 rg BT 416.77 163.00 Td (the ) Tj ET Q q 0 0 0 rg BT 430.65 163.00 Td (few ) Tj ET Q q 0 0 0 rg BT 447.02 163.00 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 497.40 163.00 Td (that ) Tj ET Q q 0 0 0 rg BT 513.78 163.00 Td (are ) Tj ET Q q 0 0 0 rg BT 527.65 163.00 Td (available ) Tj ET Q q 0 0 0 rg BT 563.01 163.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.20 Td (contracting ) Tj ET Q q 0 0 0 rg BT 79.11 152.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 108.73 152.20 Td (is ) Tj ET Q q 0 0 0 rg BT 117.36 152.20 Td (at ) Tj ET Q q 0 0 0 rg BT 126.48 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 140.10 152.20 Td (lowest ) Tj ET Q q 0 0 0 rg BT 166.23 152.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 189.85 152.20 Td (since ) Tj ET Q q 0 0 0 rg BT 210.96 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 224.59 152.20 Td (1980) Tj ET Q q 0 0 0 rg BT 245.09 152.20 Td (s. ) Tj ET Q q 0 0 0 rg BT 253.47 152.20 Td ( ) Tj ET Q q 0 0 0 rg BT 256.09 152.20 Td (Oil ) Tj ET Q q 0 0 0 rg BT 270.22 152.20 Td (company ) Tj ET Q q 0 0 0 rg BT 305.84 152.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 332.45 152.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 381.06 152.20 Td (are ) Tj ET Q q 0 0 0 rg BT 394.67 152.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 429.28 152.20 Td (to ) Tj ET Q q 0 0 0 rg BT 438.91 152.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 467.52 152.20 Td (further ) Tj ET Q q 0 0 0 rg BT 494.63 152.20 Td (in ) Tj ET Q q 0 0 0 rg BT 504.26 152.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 524.89 152.20 Td (following ) Tj ET Q q 0 0 0 rg BT 562.51 152.20 Td (two ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 141.40 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 80.79 141.40 Td (years ) Tj ET Q q 0 0 0 rg BT 102.08 141.40 Td (of ) Tj ET Q q 0 0 0 rg BT 111.88 141.40 Td (decline. ) Tj ET Q q 0 0 0 rg BT 142.42 141.40 Td (It ) Tj ET Q q 0 0 0 rg BT 150.22 141.40 Td (is ) Tj ET Q q 0 0 0 rg BT 158.53 141.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 192.81 141.40 Td (that ) Tj ET Q q 0 0 0 rg BT 208.61 141.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.91 141.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 254.70 141.40 Td (of ) Tj ET Q q 0 0 0 rg BT 264.50 141.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 280.31 141.40 Td (with ) Tj ET Q q 0 0 0 rg BT 298.61 141.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 333.40 141.40 Td (expiring ) Tj ET Q q 0 0 0 rg BT 365.70 141.40 Td (in ) Tj ET Q q 0 0 0 rg BT 375.00 141.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 395.30 141.40 Td (will ) Tj ET Q q 0 0 0 rg BT 411.61 141.40 Td (be ) Tj ET Q q 0 0 0 rg BT 422.41 141.40 Td (unable ) Tj ET Q q 0 0 0 rg BT 448.70 141.40 Td (to ) Tj ET Q q 0 0 0 rg BT 458.01 141.40 Td (find ) Tj ET Q q 0 0 0 rg BT 474.81 141.40 Td (suitable ) Tj ET Q q 0 0 0 rg BT 505.10 141.40 Td (follow ) Tj ET Q q 0 0 0 rg BT 530.90 141.40 Td (on ) Tj ET Q q 0 0 0 rg BT 542.21 141.40 Td (work ) Tj ET Q q 0 0 0 rg BT 563.01 141.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.60 Td (many ) Tj ET Q q 0 0 0 rg BT 58.25 130.60 Td (are ) Tj ET Q q 0 0 0 rg BT 71.48 130.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 94.23 130.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.48 130.60 Td (be ) Tj ET Q q 0 0 0 rg BT 114.22 130.60 Td (idle ) Tj ET Q q 0 0 0 rg BT 129.97 130.60 Td (for ) Tj ET Q q 0 0 0 rg BT 142.71 130.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.96 130.60 Td (protracted ) Tj ET Q q 0 0 0 rg BT 187.69 130.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 215.18 130.60 Td ( ) Tj ET Q q 0 0 0 rg BT 217.43 130.60 Td (Consequently) Tj ET Q q 0 0 0 rg BT 266.34 130.60 Td (, ) Tj ET Q q 0 0 0 rg BT 270.84 130.60 Td (cold ) Tj ET Q q 0 0 0 rg BT 288.58 130.60 Td (stacking ) Tj ET Q q 0 0 0 rg BT 320.83 130.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.07 130.60 Td (scrapping ) Tj ET Q q 0 0 0 rg BT 373.31 130.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 402.55 130.60 Td (will ) Tj ET Q q 0 0 0 rg BT 418.80 130.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 441.55 130.60 Td (accelerate.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.00 Td (Oil ) Tj ET Q q 0 0 0 rg BT 49.94 103.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 90.87 103.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 124.30 103.00 Td (to ) Tj ET Q q 0 0 0 rg BT 133.74 103.00 Td (work ) Tj ET Q q 0 0 0 rg BT 154.67 103.00 Td (on ) Tj ET Q q 0 0 0 rg BT 166.11 103.00 Td (managing ) Tj ET Q q 0 0 0 rg BT 204.04 103.00 Td (their ) Tj ET Q q 0 0 0 rg BT 222.98 103.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 253.92 103.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 266.35 103.00 Td (capacity) Tj ET Q q 0 0 0 rg BT 295.75 103.00 Td (. ) Tj ET Q q 0 0 0 rg BT 300.26 103.00 Td (They ) Tj ET Q q 0 0 0 rg BT 321.19 103.00 Td (are ) Tj ET Q q 0 0 0 rg BT 334.62 103.00 Td (in ) Tj ET Q q 0 0 0 rg BT 344.06 103.00 Td (many ) Tj ET Q q 0 0 0 rg BT 366.50 103.00 Td (cases ) Tj ET Q q 0 0 0 rg BT 387.92 103.00 Td (overcommitted ) Tj ET Q q 0 0 0 rg BT 444.85 103.00 Td (based ) Tj ET Q q 0 0 0 rg BT 467.78 103.00 Td (on ) Tj ET Q q 0 0 0 rg BT 479.22 103.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 510.14 103.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 539.57 103.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 563.00 103.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 92.20 Td (there ) Tj ET Q q 0 0 0 rg BT 56.47 92.20 Td (is ) Tj ET Q q 0 0 0 rg BT 64.96 92.20 Td (very ) Tj ET Q q 0 0 0 rg BT 83.44 92.20 Td (little ) Tj ET Q q 0 0 0 rg BT 102.42 92.20 Td (appetite ) Tj ET Q q 0 0 0 rg BT 133.40 92.20 Td (for ) Tj ET Q q 0 0 0 rg BT 146.38 92.20 Td (adding ) Tj ET Q q 0 0 0 rg BT 173.36 92.20 Td (new ) Tj ET Q q 0 0 0 rg BT 190.84 92.20 Td (units. ) Tj ET Q q 0 0 0 rg BT 213.08 92.20 Td ( ) Tj ET Q q 0 0 0 rg BT 215.56 92.20 Td (Near ) Tj ET Q q 0 0 0 rg BT 235.54 92.20 Td (term ) Tj ET Q q 0 0 0 rg BT 254.52 92.20 Td (budgetary ) Tj ET Q q 0 0 0 rg BT 292.99 92.20 Td (constraints ) Tj ET Q q 0 0 0 rg BT 334.47 92.20 Td (are ) Tj ET Q q 0 0 0 rg BT 347.94 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.42 92.20 Td (primary ) Tj ET Q q 0 0 0 rg BT 392.40 92.20 Td (focus ) Tj ET Q q 0 0 0 rg BT 414.38 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 424.36 92.20 Td (many ) Tj ET Q q 0 0 0 rg BT 446.84 92.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 458.83 92.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 502.05 92.20 Td (with ) Tj ET Q q 0 0 0 rg BT 520.54 92.20 Td (short ) Tj ET Q q 0 0 0 rg BT 541.03 92.20 Td (term ) Tj ET Q q 0 0 0 rg BT 560.01 92.20 Td (cash ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 81.40 Td (conservation ) Tj ET Q q 0 0 0 rg BT 84.26 81.40 Td (ranking ) Tj ET Q q 0 0 0 rg BT 114.03 81.40 Td (ahead ) Tj ET Q q 0 0 0 rg BT 137.29 81.40 Td (of ) Tj ET Q q 0 0 0 rg BT 147.06 81.40 Td (long ) Tj ET Q q 0 0 0 rg BT 165.33 81.40 Td (term ) Tj ET Q q 0 0 0 rg BT 184.10 81.40 Td (value ) Tj ET Q q 0 0 0 rg BT 205.87 81.40 Td (generation. ) Tj ET Q q 0 0 0 rg BT 248.38 81.40 Td ( ) Tj ET Q q 0 0 0 rg BT 250.65 81.40 Td (However) Tj ET Q q 0 0 0 rg BT 283.28 81.40 Td (, ) Tj ET Q q 0 0 0 rg BT 287.80 81.40 Td (the ) Tj ET Q q 0 0 0 rg BT 301.07 81.40 Td (near ) Tj ET Q q 0 0 0 rg BT 318.83 81.40 Td (term ) Tj ET Q q 0 0 0 rg BT 337.60 81.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 354.37 81.40 Td (cutting ) Tj ET Q q 0 0 0 rg BT 381.65 81.40 Td (needed ) Tj ET Q q 0 0 0 rg BT 409.41 81.40 Td (to ) Tj ET Q q 0 0 0 rg BT 418.68 81.40 Td (support ) Tj ET Q q 0 0 0 rg BT 447.96 81.40 Td (dividend ) Tj ET Q q 0 0 0 rg BT 481.73 81.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 518.50 81.40 Td (can ) Tj ET Q q 0 0 0 rg BT 533.26 81.40 Td (be ) Tj ET Q q 0 0 0 rg BT 544.03 81.40 Td (expected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 70.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 70.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 84.99 70.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 111.73 70.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.97 70.60 Td (long ) Tj ET Q q 0 0 0 rg BT 143.22 70.60 Td (term ) Tj ET Q q 0 0 0 rg BT 161.96 70.60 Td (production ) Tj ET Q q 0 0 0 rg BT 203.21 70.60 Td (profiles ) Tj ET Q q 0 0 0 rg BT 232.95 70.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.70 70.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 273.45 70.60 Td (development ) Tj ET Q q 0 0 0 rg BT 322.18 70.60 Td (projects.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (At ) Tj ET Q q 0 0 0 rg BT 47.35 749.80 Td (today) Tj ET Q q 0 0 0 rg BT 69.84 749.80 Td (s ) Tj ET Q q 0 0 0 rg BT 75.69 749.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 87.54 749.80 Td (prices, ) Tj ET Q q 0 0 0 rg BT 113.63 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 126.97 749.80 Td (full ) Tj ET Q q 0 0 0 rg BT 141.82 749.80 Td (cycle ) Tj ET Q q 0 0 0 rg BT 163.15 749.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 179.99 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 189.84 749.80 Td (many ) Tj ET Q q 0 0 0 rg BT 212.18 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 222.03 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 235.37 749.80 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 283.20 749.80 Td (provinces ) Tj ET Q q 0 0 0 rg BT 320.54 749.80 Td (globally ) Tj ET Q q 0 0 0 rg BT 352.38 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 365.72 749.80 Td (uneconomic, ) Tj ET Q q 0 0 0 rg BT 414.30 749.80 Td (including ) Tj ET Q q 0 0 0 rg BT 450.64 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 463.98 749.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 485.83 749.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 533.66 749.80 Td (where ) Tj ET Q q 0 0 0 rg BT 558.00 749.80 Td (costs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (historically ) Tj ET Q q 0 0 0 rg BT 78.57 739.00 Td (have ) Tj ET Q q 0 0 0 rg BT 97.64 739.00 Td (been ) Tj ET Q q 0 0 0 rg BT 116.70 739.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 141.77 739.00 Td (due ) Tj ET Q q 0 0 0 rg BT 156.84 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 165.92 739.00 Td (required ) Tj ET Q q 0 0 0 rg BT 197.98 739.00 Td (winterization ) Tj ET Q q 0 0 0 rg BT 247.54 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 257.12 739.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 297.19 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.26 739.00 Td (regional ) Tj ET Q q 0 0 0 rg BT 343.83 739.00 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 387.68 739.00 Td (A) Tj ET Q q 0 0 0 rg BT 393.69 739.00 Td ( ) Tj ET Q q 0 0 0 rg BT 395.77 739.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 421.85 739.00 Td (response ) Tj ET Q q 0 0 0 rg BT 455.41 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 463.50 739.00 Td (inevitable, ) Tj ET Q q 0 0 0 rg BT 503.31 739.00 Td (however ) Tj ET Q q 0 0 0 rg BT 536.37 739.00 Td (it ) Tj ET Q q 0 0 0 rg BT 543.45 739.00 Td (may ) Tj ET Q q 0 0 0 rg BT 561.02 739.00 Td (take ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (some ) Tj ET Q q 0 0 0 rg BT 57.00 728.20 Td (time ) Tj ET Q q 0 0 0 rg BT 75.00 728.20 Td (due ) Tj ET Q q 0 0 0 rg BT 89.99 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 99.00 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 728.20 Td (high ) Tj ET Q q 0 0 0 rg BT 130.00 728.20 Td (degree ) Tj ET Q q 0 0 0 rg BT 155.98 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 165.48 728.20 Td (sunk ) Tj ET Q q 0 0 0 rg BT 184.48 728.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 204.48 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 213.49 728.20 Td (producing ) Tj ET Q q 0 0 0 rg BT 251.98 728.20 Td (projects. ) Tj ET Q q 0 0 0 rg BT 284.72 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 286.58 728.20 Td (When ) Tj ET Q q 0 0 0 rg BT 310.07 728.20 Td (also ) Tj ET Q q 0 0 0 rg BT 326.57 728.20 Td (considering ) Tj ET Q q 0 0 0 rg BT 370.56 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 383.56 728.20 Td (eventual ) Tj ET Q q 0 0 0 rg BT 416.05 728.20 Td (demand ) Tj ET Q q 0 0 0 rg BT 446.54 728.20 Td (response ) Tj ET Q q 0 0 0 rg BT 480.03 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 489.03 728.20 Td (low ) Tj ET Q q 0 0 0 rg BT 504.54 728.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 528.03 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 534.02 728.20 Td (rebalancing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.14 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 58.28 717.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 69.92 717.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 100.56 717.40 Td (is ) Tj ET Q q 0 0 0 rg BT 108.70 717.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 142.82 717.40 Td (at ) Tj ET Q q 0 0 0 rg BT 151.46 717.40 Td (some ) Tj ET Q q 0 0 0 rg BT 172.60 717.40 Td (point. ) Tj ET Q q 0 0 0 rg BT 195.50 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 197.64 717.40 Td (Of) Tj ET Q q 0 0 0 rg BT 206.97 717.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 231.61 717.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.25 717.40 Td (fields ) Tj ET Q q 0 0 0 rg BT 265.39 717.40 Td (represent ) Tj ET Q q 0 0 0 rg BT 300.51 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 306.65 717.40 Td (material ) Tj ET Q q 0 0 0 rg BT 338.27 717.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 366.41 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 376.05 717.40 Td (most ) Tj ET Q q 0 0 0 rg BT 395.70 717.40 Td (major ) Tj ET Q q 0 0 0 rg BT 418.83 717.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.48 717.40 Td (company) Tj ET Q q 0 0 0 rg BT 465.97 717.40 Td (s ) Tj ET Q q 0 0 0 rg BT 471.61 717.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 503.24 717.40 Td (and ) Tj ET Q q 0 0 0 rg BT 518.38 717.40 Td (their ) Tj ET Q q 0 0 0 rg BT 537.01 717.40 Td (production ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 66.74 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 72.98 706.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 89.73 706.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 134.47 706.60 Td (source ) Tj ET Q q 0 0 0 rg BT 160.21 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.95 706.60 Td (hydrocarbons. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (Harsh ) Tj ET Q q 0 0 0 rg BT 60.75 679.00 Td (envir) Tj ET Q q 0 0 0 rg BT 78.91 679.00 Td (onment ) Tj ET Q q 0 0 0 rg BT 107.66 679.00 Td (floaters) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (It ) Tj ET Q q 0 0 0 rg BT 43.90 665.20 Td (is ) Tj ET Q q 0 0 0 rg BT 52.30 665.20 Td (likely ) Tj ET Q q 0 0 0 rg BT 75.19 665.20 Td (that ) Tj ET Q q 0 0 0 rg BT 91.09 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 104.48 665.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 137.38 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 147.27 665.20 Td (harsh ) Tj ET Q q 0 0 0 rg BT 169.17 665.20 Td (environment ) Tj ET Q q 0 0 0 rg BT 217.05 665.20 Td (floaters ) Tj ET Q q 0 0 0 rg BT 246.44 665.20 Td (with ) Tj ET Q q 0 0 0 rg BT 264.84 665.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 299.72 665.20 Td (expiring ) Tj ET Q q 0 0 0 rg BT 332.12 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 341.52 665.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 361.92 665.20 Td (will ) Tj ET Q q 0 0 0 rg BT 378.32 665.20 Td (be ) Tj ET Q q 0 0 0 rg BT 389.21 665.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 415.60 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 425.00 665.20 Td (find ) Tj ET Q q 0 0 0 rg BT 441.90 665.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 482.77 665.20 Td (follow ) Tj ET Q q 0 0 0 rg BT 508.67 665.20 Td (on ) Tj ET Q q 0 0 0 rg BT 520.07 665.20 Td (work. ) Tj ET Q q 0 0 0 rg BT 543.22 665.20 Td (It ) Tj ET Q q 0 0 0 rg BT 551.11 665.20 Td (will ) Tj ET Q q 0 0 0 rg BT 567.51 665.20 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (important ) Tj ET Q q 0 0 0 rg BT 73.03 654.40 Td (to ) Tj ET Q q 0 0 0 rg BT 82.07 654.40 Td (observe ) Tj ET Q q 0 0 0 rg BT 112.10 654.40 Td (how ) Tj ET Q q 0 0 0 rg BT 129.64 654.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 141.68 654.40 Td (owners ) Tj ET Q q 0 0 0 rg BT 169.71 654.40 Td (react ) Tj ET Q q 0 0 0 rg BT 189.24 654.40 Td (when ) Tj ET Q q 0 0 0 rg BT 210.77 654.40 Td (faced ) Tj ET Q q 0 0 0 rg BT 232.29 654.40 Td (with ) Tj ET Q q 0 0 0 rg BT 250.33 654.40 Td (idle ) Tj ET Q q 0 0 0 rg BT 265.87 654.40 Td (time ) Tj ET Q q 0 0 0 rg BT 283.90 654.40 Td (on ) Tj ET Q q 0 0 0 rg BT 294.94 654.40 Td (their ) Tj ET Q q 0 0 0 rg BT 313.48 654.40 Td (units ) Tj ET Q q 0 0 0 rg BT 333.02 654.40 Td (and ) Tj ET Q q 0 0 0 rg BT 348.05 654.40 Td (face ) Tj ET Q q 0 0 0 rg BT 365.07 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.11 654.40 Td (choice ) Tj ET Q q 0 0 0 rg BT 403.63 654.40 Td (to ) Tj ET Q q 0 0 0 rg BT 412.67 654.40 Td (warm ) Tj ET Q q 0 0 0 rg BT 435.21 654.40 Td (stack, ) Tj ET Q q 0 0 0 rg BT 457.99 654.40 Td (cold ) Tj ET Q q 0 0 0 rg BT 475.52 654.40 Td (stack ) Tj ET Q q 0 0 0 rg BT 496.06 654.40 Td (or ) Tj ET Q q 0 0 0 rg BT 505.59 654.40 Td (scrap ) Tj ET Q q 0 0 0 rg BT 526.62 654.40 Td (units. ) Tj ET Q q 0 0 0 rg BT 548.42 654.40 Td ( ) Tj ET Q q 0 0 0 rg BT 550.46 654.40 Td (For ) Tj ET Q q 0 0 0 rg BT 565.00 654.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (most ) Tj ET Q q 0 0 0 rg BT 55.64 643.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 74.02 643.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 109.14 643.60 Td (conversations ) Tj ET Q q 0 0 0 rg BT 160.77 643.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 187.89 643.60 Td (focused ) Tj ET Q q 0 0 0 rg BT 218.01 643.60 Td (on ) Tj ET Q q 0 0 0 rg BT 229.15 643.60 Td (extending ) Tj ET Q q 0 0 0 rg BT 266.77 643.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 297.41 643.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 337.02 643.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 360.15 643.60 Td (or ) Tj ET Q q 0 0 0 rg BT 369.79 643.60 Td (trade-of) Tj ET Q q 0 0 0 rg BT 398.10 643.60 Td (fs ) Tj ET Q q 0 0 0 rg BT 406.74 643.60 Td (between ) Tj ET Q q 0 0 0 rg BT 438.86 643.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 469.49 643.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 492.63 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 507.76 643.60 Td (newer ) Tj ET Q q 0 0 0 rg BT 531.88 643.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 555.01 643.60 Td (rather ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (than ) Tj ET Q q 0 0 0 rg BT 53.75 632.80 Td (contracting ) Tj ET Q q 0 0 0 rg BT 96.48 632.80 Td (new ) Tj ET Q q 0 0 0 rg BT 113.72 632.80 Td (units ) Tj ET Q q 0 0 0 rg BT 133.48 632.80 Td (for ) Tj ET Q q 0 0 0 rg BT 146.22 632.80 Td (work.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (As ) Tj ET Q q 0 0 0 rg BT 48.16 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 57.82 605.20 Td (March ) Tj ET Q q 0 0 0 rg BT 83.47 605.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.88 605.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 119.29 605.20 Td (there ) Tj ET Q q 0 0 0 rg BT 139.44 605.20 Td (were ) Tj ET Q q 0 0 0 rg BT 159.08 605.20 Td (17 ) Tj ET Q q 0 0 0 rg BT 170.24 605.20 Td (floaters ) Tj ET Q q 0 0 0 rg BT 199.39 605.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 235.54 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 244.70 605.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 275.85 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.00 605.20 Td (14 ) Tj ET Q q 0 0 0 rg BT 302.16 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 311.32 605.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.48 605.20 Td (United ) Tj ET Q q 0 0 0 rg BT 351.13 605.20 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 389.39 605.20 Td (There ) Tj ET Q q 0 0 0 rg BT 412.53 605.20 Td (are ) Tj ET Q q 0 0 0 rg BT 425.68 605.20 Td (20 ) Tj ET Q q 0 0 0 rg BT 436.84 605.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 452.50 605.20 Td (stacked ) Tj ET Q q 0 0 0 rg BT 481.65 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 490.81 605.20 Td (these ) Tj ET Q q 0 0 0 rg BT 511.46 605.20 Td (markets, ) Tj ET Q q 0 0 0 rg BT 544.36 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 554.02 605.20 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (eight ) Tj ET Q q 0 0 0 rg BT 56.35 594.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 72.20 594.40 Td (are ) Tj ET Q q 0 0 0 rg BT 85.53 594.40 Td (warm ) Tj ET Q q 0 0 0 rg BT 108.37 594.40 Td (stacked, ) Tj ET Q q 0 0 0 rg BT 139.96 594.40 Td (representing ) Tj ET Q q 0 0 0 rg BT 186.79 594.40 Td (a ) Tj ET Q q 0 0 0 rg BT 193.14 594.40 Td (79% ) Tj ET Q q 0 0 0 rg BT 211.98 594.40 Td (marketed ) Tj ET Q q 0 0 0 rg BT 247.82 594.40 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 288.74 594.40 Td (There ) Tj ET Q q 0 0 0 rg BT 312.07 594.40 Td (are ) Tj ET Q q 0 0 0 rg BT 325.41 594.40 Td (nine ) Tj ET Q q 0 0 0 rg BT 343.25 594.40 Td (harsh ) Tj ET Q q 0 0 0 rg BT 365.10 594.40 Td (environment ) Tj ET Q q 0 0 0 rg BT 412.94 594.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 428.79 594.40 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 467.12 594.40 Td (for ) Tj ET Q q 0 0 0 rg BT 479.97 594.40 Td (delivery ) Tj ET Q q 0 0 0 rg BT 511.81 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 521.16 594.40 Td (2016-2017 ) Tj ET Q q 0 0 0 rg BT 562.50 594.40 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (are ) Tj ET Q q 0 0 0 rg BT 49.56 583.60 Td (capable ) Tj ET Q q 0 0 0 rg BT 79.61 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 89.69 583.60 Td (working ) Tj ET Q q 0 0 0 rg BT 122.26 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.83 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.40 583.60 Td (North ) Tj ET Q q 0 0 0 rg BT 168.40 583.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 199.97 583.60 Td (Region ) Tj ET Q q 0 0 0 rg BT 228.54 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.11 583.60 Td (one ) Tj ET Q q 0 0 0 rg BT 259.68 583.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 298.24 583.60 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 334.31 583.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 350.89 583.60 Td (is ) Tj ET Q q 0 0 0 rg BT 359.47 583.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 394.52 583.60 Td (mobilizing ) Tj ET Q q 0 0 0 rg BT 436.10 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 445.67 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.24 583.60 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 479.31 583.60 Td (shelf. ) Tj ET Q q 0 0 0 rg BT 501.45 583.60 Td (W) Tj ET Q q 0 0 0 rg BT 509.58 583.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 521.65 583.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 557.71 583.60 Td (near) Tj ET Q q 0 0 0 rg BT 573.02 583.60 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (term ) Tj ET Q q 0 0 0 rg BT 54.74 572.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 83.98 572.80 Td (levels, ) Tj ET Q q 0 0 0 rg BT 109.48 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 572.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.97 572.80 Td (expects ) Tj ET Q q 0 0 0 rg BT 189.21 572.80 Td (further ) Tj ET Q q 0 0 0 rg BT 215.94 572.80 Td (pressure ) Tj ET Q q 0 0 0 rg BT 248.18 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 259.43 572.80 Td (both ) Tj ET Q q 0 0 0 rg BT 277.68 572.80 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 309.92 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 325.16 572.80 Td (utilization. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 545.20 Td (Cold ) Tj ET Q q 0 0 0 rg BT 55.12 545.20 Td (stacked ) Tj ET Q q 0 0 0 rg BT 83.73 545.20 Td (units ) Tj ET Q q 0 0 0 rg BT 102.85 545.20 Td (will ) Tj ET Q q 0 0 0 rg BT 118.47 545.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 153.57 545.20 Td (require ) Tj ET Q q 0 0 0 rg BT 180.67 545.20 Td (an ) Tj ET Q q 0 0 0 rg BT 190.78 545.20 Td (improvement ) Tj ET Q q 0 0 0 rg BT 240.39 545.20 Td (in ) Tj ET Q q 0 0 0 rg BT 249.01 545.20 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 280.61 545.20 Td (suf) Tj ET Q q 0 0 0 rg BT 291.45 545.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 316.05 545.20 Td (to ) Tj ET Q q 0 0 0 rg BT 324.67 545.20 Td (overcome ) Tj ET Q q 0 0 0 rg BT 361.77 545.20 Td (reactivation ) Tj ET Q q 0 0 0 rg BT 405.87 545.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 425.48 545.20 Td (before ) Tj ET Q q 0 0 0 rg BT 450.09 545.20 Td (they ) Tj ET Q q 0 0 0 rg BT 467.20 545.20 Td (are ) Tj ET Q q 0 0 0 rg BT 479.80 545.20 Td (reintroduced ) Tj ET Q q 0 0 0 rg BT 526.90 545.20 Td (into ) Tj ET Q q 0 0 0 rg BT 542.52 545.20 Td (marketed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 534.40 Td (supply) Tj ET Q q 0 0 0 rg BT 59.42 534.40 Td (. ) Tj ET Q q 0 0 0 rg BT 63.90 534.40 Td (There ) Tj ET Q q 0 0 0 rg BT 87.29 534.40 Td (are ) Tj ET Q q 0 0 0 rg BT 100.69 534.40 Td (15 ) Tj ET Q q 0 0 0 rg BT 112.09 534.40 Td (floaters ) Tj ET Q q 0 0 0 rg BT 141.49 534.40 Td (in ) Tj ET Q q 0 0 0 rg BT 150.90 534.40 Td (the ) Tj ET Q q 0 0 0 rg BT 164.30 534.40 Td (United ) Tj ET Q q 0 0 0 rg BT 191.20 534.40 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 227.61 534.40 Td (and ) Tj ET Q q 0 0 0 rg BT 243.01 534.40 Td (Norway ) Tj ET Q q 0 0 0 rg BT 274.41 534.40 Td (older ) Tj ET Q q 0 0 0 rg BT 295.31 534.40 Td (than ) Tj ET Q q 0 0 0 rg BT 313.21 534.40 Td (30 ) Tj ET Q q 0 0 0 rg BT 324.62 534.40 Td (years ) Tj ET Q q 0 0 0 rg BT 346.01 534.40 Td (with ) Tj ET Q q 0 0 0 rg BT 364.42 534.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 399.31 534.40 Td (expiring ) Tj ET Q q 0 0 0 rg BT 431.71 534.40 Td (in ) Tj ET Q q 0 0 0 rg BT 441.12 534.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 461.53 534.40 Td (and ) Tj ET Q q 0 0 0 rg BT 476.93 534.40 Td (in ) Tj ET Q q 0 0 0 rg BT 486.34 534.40 Td (2017. ) Tj ET Q q 0 0 0 rg BT 508.46 534.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 553.37 534.40 Td (, ) Tj ET Q q 0 0 0 rg BT 558.03 534.40 Td (there ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 523.60 Td (are ) Tj ET Q q 0 0 0 rg BT 48.67 523.60 Td (nine ) Tj ET Q q 0 0 0 rg BT 65.84 523.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 81.02 523.60 Td (older ) Tj ET Q q 0 0 0 rg BT 101.20 523.60 Td (than ) Tj ET Q q 0 0 0 rg BT 118.37 523.60 Td (30 ) Tj ET Q q 0 0 0 rg BT 129.06 523.60 Td (years ) Tj ET Q q 0 0 0 rg BT 149.73 523.60 Td (which ) Tj ET Q q 0 0 0 rg BT 173.40 523.60 Td (are ) Tj ET Q q 0 0 0 rg BT 186.07 523.60 Td (already ) Tj ET Q q 0 0 0 rg BT 214.23 523.60 Td (idle. ) Tj ET Q q 0 0 0 rg BT 231.54 523.60 Td (W) Tj ET Q q 0 0 0 rg BT 239.31 523.60 Td (e ) Tj ET Q q 0 0 0 rg BT 244.99 523.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 270.15 523.60 Td (a ) Tj ET Q q 0 0 0 rg BT 275.83 523.60 Td (number ) Tj ET Q q 0 0 0 rg BT 305.00 523.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.18 523.60 Td (these ) Tj ET Q q 0 0 0 rg BT 334.35 523.60 Td (older ) Tj ET Q q 0 0 0 rg BT 354.53 523.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 369.71 523.60 Td (to ) Tj ET Q q 0 0 0 rg BT 378.39 523.60 Td (be ) Tj ET Q q 0 0 0 rg BT 388.56 523.60 Td (cold ) Tj ET Q q 0 0 0 rg BT 405.74 523.60 Td (stacked ) Tj ET Q q 0 0 0 rg BT 434.41 523.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.08 523.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 487.26 523.60 Td (retired, ) Tj ET Q q 0 0 0 rg BT 514.67 523.60 Td (as ) Tj ET Q q 0 0 0 rg BT 523.85 523.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.53 523.60 Td (investment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 512.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.41 512.80 Td (reactivate ) Tj ET Q q 0 0 0 rg BT 82.79 512.80 Td (will ) Tj ET Q q 0 0 0 rg BT 99.21 512.80 Td (outweigh ) Tj ET Q q 0 0 0 rg BT 135.11 512.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 166.50 512.80 Td (economics ) Tj ET Q q 0 0 0 rg BT 207.40 512.80 Td (in ) Tj ET Q q 0 0 0 rg BT 216.81 512.80 Td (this ) Tj ET Q q 0 0 0 rg BT 232.23 512.80 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 271.13 512.80 Td (downturn. ) Tj ET Q q 0 0 0 rg BT 310.29 512.80 Td (Significant ) Tj ET Q q 0 0 0 rg BT 352.19 512.80 Td (cold ) Tj ET Q q 0 0 0 rg BT 370.10 512.80 Td (stacking ) Tj ET Q q 0 0 0 rg BT 402.50 512.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 431.90 512.80 Td (would ) Tj ET Q q 0 0 0 rg BT 456.81 512.80 Td (represent ) Tj ET Q q 0 0 0 rg BT 492.20 512.80 Td (a ) Tj ET Q q 0 0 0 rg BT 498.61 512.80 Td (positive ) Tj ET Q q 0 0 0 rg BT 529.52 512.80 Td (development ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 502.00 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 58.50 502.00 Td (market, ) Tj ET Q q 0 0 0 rg BT 87.98 502.00 Td (ef) Tj ET Q q 0 0 0 rg BT 94.81 502.00 Td (fectively ) Tj ET Q q 0 0 0 rg BT 128.54 502.00 Td (reducing ) Tj ET Q q 0 0 0 rg BT 162.28 502.00 Td (marketed ) Tj ET Q q 0 0 0 rg BT 198.01 502.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 224.27 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 239.51 502.00 Td (helping ) Tj ET Q q 0 0 0 rg BT 268.76 502.00 Td (to ) Tj ET Q q 0 0 0 rg BT 278.01 502.00 Td (stabilize ) Tj ET Q q 0 0 0 rg BT 310.25 502.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 348.99 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 364.23 502.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 391.97 502.00 Td (until ) Tj ET Q q 0 0 0 rg BT 410.73 502.00 Td (a ) Tj ET Q q 0 0 0 rg BT 416.97 502.00 Td (more ) Tj ET Q q 0 0 0 rg BT 437.71 502.00 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 484.95 502.00 Td (recovery ) Tj ET Q q 0 0 0 rg BT 518.67 502.00 Td (is ) Tj ET Q q 0 0 0 rg BT 526.93 502.00 Td (in ) Tj ET Q q 0 0 0 rg BT 536.18 502.00 Td (place.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 474.40 Td (Harsh ) Tj ET Q q 0 0 0 rg BT 60.75 474.40 Td (envir) Tj ET Q q 0 0 0 rg BT 78.91 474.40 Td (onment ) Tj ET Q q 0 0 0 rg BT 107.66 474.40 Td (jack-ups) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 460.60 Td (T) Tj ET Q q 0 0 0 rg BT 40.87 460.60 Td (endering ) Tj ET Q q 0 0 0 rg BT 74.27 460.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 103.18 460.60 Td (in ) Tj ET Q q 0 0 0 rg BT 112.09 460.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.00 460.60 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 153.90 460.60 Td (market ) Tj ET Q q 0 0 0 rg BT 180.80 460.60 Td (during ) Tj ET Q q 0 0 0 rg BT 206.21 460.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 226.13 460.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 263.53 460.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.45 460.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 300.34 460.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.25 460.60 Td (reached ) Tj ET Q q 0 0 0 rg BT 345.14 460.60 Td (new ) Tj ET Q q 0 0 0 rg BT 362.05 460.60 Td (low ) Tj ET Q q 0 0 0 rg BT 377.47 460.60 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 405.86 460.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 431.02 460.60 Td (Recent ) Tj ET Q q 0 0 0 rg BT 457.92 460.60 Td (tenders ) Tj ET Q q 0 0 0 rg BT 485.82 460.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 510.72 460.60 Td (a ) Tj ET Q q 0 0 0 rg BT 516.62 460.60 Td (lowered ) Tj ET Q q 0 0 0 rg BT 547.52 460.60 Td (demand ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 449.80 Td (for ) Tj ET Q q 0 0 0 rg BT 48.43 449.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 76.87 449.80 Td (exploration ) Tj ET Q q 0 0 0 rg BT 119.80 449.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.74 449.80 Td (development ) Tj ET Q q 0 0 0 rg BT 183.16 449.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 217.59 449.80 Td (in ) Tj ET Q q 0 0 0 rg BT 226.53 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.47 449.80 Td (near ) Tj ET Q q 0 0 0 rg BT 256.90 449.80 Td (term, ) Tj ET Q q 0 0 0 rg BT 277.58 449.80 Td (and ) Tj ET Q q 0 0 0 rg BT 292.51 449.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 320.94 449.80 Td (has ) Tj ET Q q 0 0 0 rg BT 334.88 449.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 370.80 449.80 Td (for ) Tj ET Q q 0 0 0 rg BT 383.24 449.80 Td (alternative ) Tj ET Q q 0 0 0 rg BT 423.15 449.80 Td (types ) Tj ET Q q 0 0 0 rg BT 444.09 449.80 Td (of ) Tj ET Q q 0 0 0 rg BT 453.53 449.80 Td (work. ) Tj ET Q q 0 0 0 rg BT 476.22 449.80 Td (Oil ) Tj ET Q q 0 0 0 rg BT 489.66 449.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 530.08 449.80 Td (are ) Tj ET Q q 0 0 0 rg BT 543.01 449.80 Td (inquiring ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.00 Td (about ) Tj ET Q q 0 0 0 rg BT 58.01 439.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 73.52 439.00 Td (that ) Tj ET Q q 0 0 0 rg BT 89.03 439.00 Td (can ) Tj ET Q q 0 0 0 rg BT 103.53 439.00 Td (be ) Tj ET Q q 0 0 0 rg BT 114.03 439.00 Td (used ) Tj ET Q q 0 0 0 rg BT 132.54 439.00 Td (for ) Tj ET Q q 0 0 0 rg BT 145.05 439.00 Td (combined ) Tj ET Q q 0 0 0 rg BT 182.55 439.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 211.06 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.07 439.00 Td (production ) Tj ET Q q 0 0 0 rg BT 267.07 439.00 Td (activities, ) Tj ET Q q 0 0 0 rg BT 303.82 439.00 Td (as ) Tj ET Q q 0 0 0 rg BT 313.33 439.00 Td (well ) Tj ET Q q 0 0 0 rg BT 330.84 439.00 Td (as ) Tj ET Q q 0 0 0 rg BT 340.35 439.00 Td (plug ) Tj ET Q q 0 0 0 rg BT 358.36 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 373.36 439.00 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 423.86 439.00 Td (of ) Tj ET Q q 0 0 0 rg BT 433.37 439.00 Td (wells ) Tj ET Q q 0 0 0 rg BT 454.38 439.00 Td (to ) Tj ET Q q 0 0 0 rg BT 463.39 439.00 Td (decommission ) Tj ET Q q 0 0 0 rg BT 517.40 439.00 Td (their ) Tj ET Q q 0 0 0 rg BT 535.90 439.00 Td (fields. ) Tj ET Q q 0 0 0 rg BT 560.02 439.00 Td (This ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 74.73 428.20 Td (a ) Tj ET Q q 0 0 0 rg BT 80.98 428.20 Td (shift ) Tj ET Q q 0 0 0 rg BT 99.23 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 108.48 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 121.72 428.20 Td (market ) Tj ET Q q 0 0 0 rg BT 148.96 428.20 Td (as ) Tj ET Q q 0 0 0 rg BT 158.71 428.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 170.46 428.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 211.20 428.20 Td (are ) Tj ET Q q 0 0 0 rg BT 224.43 428.20 Td (rationalizing ) Tj ET Q q 0 0 0 rg BT 272.17 428.20 Td (their ) Tj ET Q q 0 0 0 rg BT 290.91 428.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 336.16 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 345.41 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 358.65 428.20 Td (of) Tj ET Q q 0 0 0 rg BT 365.99 428.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 390.73 428.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 402.48 428.20 Td (fields ) Tj ET Q q 0 0 0 rg BT 424.72 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 433.97 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 447.22 428.20 Td (North ) Tj ET Q q 0 0 0 rg BT 470.47 428.20 Td (Sea.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 400.60 Td (Currently ) Tj ET Q q 0 0 0 rg BT 72.82 400.60 Td (23 ) Tj ET Q q 0 0 0 rg BT 84.15 400.60 Td (harsh ) Tj ET Q q 0 0 0 rg BT 105.97 400.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 153.78 400.60 Td (jack-ups ) Tj ET Q q 0 0 0 rg BT 186.60 400.60 Td (\(+350 ) Tj ET Q q 0 0 0 rg BT 210.50 400.60 Td (ft\) ) Tj ET Q q 0 0 0 rg BT 221.32 400.60 Td (are ) Tj ET Q q 0 0 0 rg BT 234.63 400.60 Td (working ) Tj ET Q q 0 0 0 rg BT 266.96 400.60 Td (in ) Tj ET Q q 0 0 0 rg BT 276.29 400.60 Td (Norway ) Tj ET Q q 0 0 0 rg BT 307.60 400.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.93 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.25 400.60 Td (United ) Tj ET Q q 0 0 0 rg BT 363.07 400.60 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 399.40 400.60 Td (out ) Tj ET Q q 0 0 0 rg BT 413.23 400.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.05 400.60 Td (a ) Tj ET Q q 0 0 0 rg BT 429.37 400.60 Td (total ) Tj ET Q q 0 0 0 rg BT 447.70 400.60 Td (marketed ) Tj ET Q q 0 0 0 rg BT 483.50 400.60 Td (fleet ) Tj ET Q q 0 0 0 rg BT 501.82 400.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.64 400.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 525.22 400.60 Td (representing ) Tj ET Q q 0 0 0 rg BT 572.03 400.60 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 389.80 Td (93% ) Tj ET Q q 0 0 0 rg BT 54.74 389.80 Td (marketed ) Tj ET Q q 0 0 0 rg BT 90.46 389.80 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 131.28 389.80 Td (There ) Tj ET Q q 0 0 0 rg BT 154.51 389.80 Td (are ) Tj ET Q q 0 0 0 rg BT 167.74 389.80 Td (four ) Tj ET Q q 0 0 0 rg BT 184.97 389.80 Td (idle ) Tj ET Q q 0 0 0 rg BT 200.71 389.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 216.45 389.80 Td (and ) Tj ET Q q 0 0 0 rg BT 231.68 389.80 Td (an ) Tj ET Q q 0 0 0 rg BT 242.42 389.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 280.65 389.80 Td (two ) Tj ET Q q 0 0 0 rg BT 296.39 389.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 312.14 389.80 Td (rolling ) Tj ET Q q 0 0 0 rg BT 338.38 389.80 Td (of) Tj ET Q q 0 0 0 rg BT 345.71 389.80 Td (f ) Tj ET Q q 0 0 0 rg BT 350.95 389.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 382.17 389.80 Td (by ) Tj ET Q q 0 0 0 rg BT 393.41 389.80 Td (the ) Tj ET Q q 0 0 0 rg BT 406.65 389.80 Td (end ) Tj ET Q q 0 0 0 rg BT 421.88 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 431.62 389.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 451.86 389.80 Td (that ) Tj ET Q q 0 0 0 rg BT 467.60 389.80 Td (are ) Tj ET Q q 0 0 0 rg BT 480.83 389.80 Td (older ) Tj ET Q q 0 0 0 rg BT 501.56 389.80 Td (than ) Tj ET Q q 0 0 0 rg BT 519.30 389.80 Td (30 ) Tj ET Q q 0 0 0 rg BT 530.54 389.80 Td (years, ) Tj ET Q q 0 0 0 rg BT 554.02 389.80 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 379.00 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 379.00 Td (prime ) Tj ET Q q 0 0 0 rg BT 72.48 379.00 Td (candidates ) Tj ET Q q 0 0 0 rg BT 112.71 379.00 Td (for ) Tj ET Q q 0 0 0 rg BT 125.46 379.00 Td (retirement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 336.40 Td (E. ) Tj ET Q q 0 0 0 rg BT 72.00 336.40 Td (Off Balance Sheet ) Tj ET Q q 0 0 0 rg BT 150.60 336.40 Td (Arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 308.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 308.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.76 308.80 Td (had ) Tj ET Q q 0 0 0 rg BT 66.75 308.80 Td (no ) Tj ET Q q 0 0 0 rg BT 78.74 308.80 Td (of) Tj ET Q q 0 0 0 rg BT 86.07 308.80 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 122.54 308.80 Td (sheet ) Tj ET Q q 0 0 0 rg BT 144.02 308.80 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 195.49 308.80 Td (as ) Tj ET Q q 0 0 0 rg BT 205.98 308.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.47 308.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 269.93 308.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.93 308.80 Td ( ) Tj ET Q q 0 0 0 rg BT 290.93 308.80 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.41 308.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.41 308.80 Td (, ) Tj ET Q q 0 0 0 rg BT 324.66 308.80 Td (other ) Tj ET Q q 0 0 0 rg BT 346.14 308.80 Td (than ) Tj ET Q q 0 0 0 rg BT 364.63 308.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 401.61 308.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 422.58 308.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 465.58 308.80 Td (and ) Tj ET Q q 0 0 0 rg BT 481.56 308.80 Td (other ) Tj ET Q q 0 0 0 rg BT 503.05 308.80 Td (commitments ) Tj ET Q q 0 0 0 rg BT 555.03 308.80 Td (in ) Tj ET Q q 0 0 0 rg BT 565.02 308.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 298.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 68.57 298.00 Td (course ) Tj ET Q q 0 0 0 rg BT 94.15 298.00 Td (of ) Tj ET Q q 0 0 0 rg BT 103.73 298.00 Td (business ) Tj ET Q q 0 0 0 rg BT 136.31 298.00 Td (that ) Tj ET Q q 0 0 0 rg BT 151.89 298.00 Td (we ) Tj ET Q q 0 0 0 rg BT 164.47 298.00 Td (are ) Tj ET Q q 0 0 0 rg BT 177.54 298.00 Td (contractually ) Tj ET Q q 0 0 0 rg BT 226.60 298.00 Td (obligated ) Tj ET Q q 0 0 0 rg BT 262.18 298.00 Td (to ) Tj ET Q q 0 0 0 rg BT 271.26 298.00 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 293.84 298.00 Td (with ) Tj ET Q q 0 0 0 rg BT 311.93 298.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 330.00 298.00 Td (under ) Tj ET Q q 0 0 0 rg BT 352.58 298.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 379.14 298.00 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 434.30 298.00 Td (These ) Tj ET Q q 0 0 0 rg BT 457.88 298.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 508.96 298.00 Td (include ) Tj ET Q q 0 0 0 rg BT 537.53 298.00 Td (guarantees ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 287.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.02 287.20 Td (favor ) Tj ET Q q 0 0 0 rg BT 66.03 287.20 Td (of ) Tj ET Q q 0 0 0 rg BT 75.55 287.20 Td (banks, ) Tj ET Q q 0 0 0 rg BT 100.82 287.20 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 135.34 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 150.35 287.20 Td (variable ) Tj ET Q q 0 0 0 rg BT 181.36 287.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.87 287.20 Td (entities ) Tj ET Q q 0 0 0 rg BT 237.88 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 252.90 287.20 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 293.40 287.20 Td (towards ) Tj ET Q q 0 0 0 rg BT 323.92 287.20 Td (third ) Tj ET Q q 0 0 0 rg BT 342.94 287.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 368.95 287.20 Td (such ) Tj ET Q q 0 0 0 rg BT 387.47 287.20 Td (as ) Tj ET Q q 0 0 0 rg BT 396.98 287.20 Td (surety ) Tj ET Q q 0 0 0 rg BT 421.00 287.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 468.49 287.20 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 508.99 287.20 Td (towards ) Tj ET Q q 0 0 0 rg BT 539.51 287.20 Td (customers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 276.40 Td (as ) Tj ET Q q 0 0 0 rg BT 45.46 276.40 Td (it ) Tj ET Q q 0 0 0 rg BT 52.41 276.40 Td (relates ) Tj ET Q q 0 0 0 rg BT 77.86 276.40 Td (to ) Tj ET Q q 0 0 0 rg BT 86.81 276.40 Td (our ) Tj ET Q q 0 0 0 rg BT 100.77 276.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 129.23 276.40 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 165.92 276.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 196.86 276.40 Td (bidding, ) Tj ET Q q 0 0 0 rg BT 228.57 276.40 Td (customs ) Tj ET Q q 0 0 0 rg BT 260.03 276.40 Td (duties, ) Tj ET Q q 0 0 0 rg BT 285.73 276.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.69 276.40 Td (appeals ) Tj ET Q q 0 0 0 rg BT 327.63 276.40 Td (and ) Tj ET Q q 0 0 0 rg BT 342.58 276.40 Td (other ) Tj ET Q q 0 0 0 rg BT 363.03 276.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 404.99 276.40 Td (in ) Tj ET Q q 0 0 0 rg BT 413.95 276.40 Td (various ) Tj ET Q q 0 0 0 rg BT 442.40 276.40 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 491.11 276.40 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 535.07 276.40 Td (under ) Tj ET Q q 0 0 0 rg BT 557.52 276.40 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 265.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 76.83 265.60 Td (are ) Tj ET Q q 0 0 0 rg BT 90.18 265.60 Td (not ) Tj ET Q q 0 0 0 rg BT 104.03 265.60 Td (normally ) Tj ET Q q 0 0 0 rg BT 138.88 265.60 Td (called, ) Tj ET Q q 0 0 0 rg BT 164.97 265.60 Td (as ) Tj ET Q q 0 0 0 rg BT 174.82 265.60 Td (we ) Tj ET Q q 0 0 0 rg BT 187.67 265.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 221.52 265.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 250.87 265.60 Td (with ) Tj ET Q q 0 0 0 rg BT 269.23 265.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.58 265.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 323.93 265.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 371.75 265.60 Td (requirement. ) Tj ET Q q 0 0 0 rg BT 419.32 265.60 Td (As ) Tj ET Q q 0 0 0 rg BT 431.67 265.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.53 265.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 494.36 265.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.36 265.60 Td (, ) Tj ET Q q 0 0 0 rg BT 516.96 265.60 Td (we ) Tj ET Q q 0 0 0 rg BT 529.81 265.60 Td (had ) Tj ET Q q 0 0 0 rg BT 545.16 265.60 Td (not ) Tj ET Q q 0 0 0 rg BT 559.02 265.60 Td (been ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 254.80 Td (required ) Tj ET Q q 0 0 0 rg BT 68.23 254.80 Td (to ) Tj ET Q q 0 0 0 rg BT 77.48 254.80 Td (make ) Tj ET Q q 0 0 0 rg BT 99.22 254.80 Td (collateral ) Tj ET Q q 0 0 0 rg BT 134.95 254.80 Td (deposits ) Tj ET Q q 0 0 0 rg BT 166.70 254.80 Td (with ) Tj ET Q q 0 0 0 rg BT 184.95 254.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 212.69 254.80 Td (to ) Tj ET Q q 0 0 0 rg BT 221.94 254.80 Td (these ) Tj ET Q q 0 0 0 rg BT 242.68 254.80 Td (agreements. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.70 227.20 Td (maximum ) Tj ET Q q 0 0 0 rg BT 91.91 227.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 126.11 227.20 Td (future ) Tj ET Q q 0 0 0 rg BT 150.31 227.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 187.51 227.20 Td (are ) Tj ET Q q 0 0 0 rg BT 201.21 227.20 Td (summarized ) Tj ET Q q 0 0 0 rg BT 247.90 227.20 Td (in ) Tj ET Q q 0 0 0 rg BT 257.61 227.20 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.28 227.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 281.49 227.20 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.49 227.20 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 348.70 227.20 Td (and ) Tj ET Q q 0 0 0 rg BT 364.40 227.20 Td (contingencies" ) Tj ET Q q 0 0 0 rg BT 420.27 227.20 Td (of ) Tj ET Q q 0 0 0 rg BT 430.48 227.20 Td (the ) Tj ET Q q 0 0 0 rg BT 444.18 227.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 467.89 227.20 Td (to ) Tj ET Q q 0 0 0 rg BT 477.60 227.20 Td (our ) Tj ET Q q 0 0 0 rg BT 492.30 227.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 542.51 227.20 Td (Financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 216.40 Td (Statements ) Tj ET Q q 0 0 0 rg BT 77.74 216.40 Td (included ) Tj ET Q q 0 0 0 rg BT 110.98 216.40 Td (herein.) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (F) Tj ET Q q 0 0 0 rg BT 41.19 749.25 Td (. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Contractual Obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.25 721.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 99.98 721.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.98 721.65 Td (, ) Tj ET Q q 0 0 0 rg BT 122.48 721.65 Td (we ) Tj ET Q q 0 0 0 rg BT 135.22 721.65 Td (had ) Tj ET Q q 0 0 0 rg BT 150.46 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 163.71 721.65 Td (following ) Tj ET Q q 0 0 0 rg BT 200.96 721.65 Td (contractual ) Tj ET Q q 0 0 0 rg BT 243.18 721.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 285.43 721.65 Td (and ) Tj ET Q q 0 0 0 rg BT 300.68 721.65 Td (commitments:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 685.15 288.00 -15.00 re f 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Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td (Kate ) Tj ET Q q 0 0 0 rg BT 54.92 722.20 Td (Blankenship) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.94 722.20 Td ( ) Tj ET Q q 0 0 0 rg BT 103.86 722.20 Td (has ) Tj ET Q q 0 0 0 rg BT 117.79 722.20 Td (served ) Tj ET Q q 0 0 0 rg BT 143.20 722.20 Td (as ) Tj ET Q q 0 0 0 rg BT 152.62 722.20 Td (a ) Tj ET Q q 0 0 0 rg BT 158.54 722.20 Td (director ) Tj ET Q q 0 0 0 rg BT 188.45 722.20 Td (of ) Tj ET Q q 0 0 0 rg BT 197.87 722.20 Td (the ) Tj ET Q q 0 0 0 rg BT 210.79 722.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.72 722.20 Td (since ) Tj ET Q q 0 0 0 rg BT 268.13 722.20 Td (February ) Tj ET Q q 0 0 0 rg BT 302.55 722.20 Td (201) Tj ET Q q 0 0 0 rg BT 315.71 722.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 324.39 722.20 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 343.06 722.20 Td (Blankenship ) Tj ET Q q 0 0 0 rg BT 389.98 722.20 Td (has ) Tj ET Q q 0 0 0 rg BT 403.91 722.20 Td (also ) Tj ET Q q 0 0 0 rg BT 420.33 722.20 Td (served ) Tj ET Q q 0 0 0 rg BT 445.74 722.20 Td (as ) Tj ET Q q 0 0 0 rg BT 455.16 722.20 Td (a ) Tj ET Q q 0 0 0 rg BT 461.08 722.20 Td (director ) Tj ET Q q 0 0 0 rg BT 490.99 722.20 Td (of ) Tj ET Q q 0 0 0 rg BT 500.41 722.20 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 535.34 722.20 Td (since ) Tj ET Q q 0 0 0 rg BT 555.75 722.20 Td (2003. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 54.35 711.40 Td (Blankenship ) Tj ET Q q 0 0 0 rg BT 100.95 711.40 Td (joined ) Tj ET Q q 0 0 0 rg BT 125.04 711.40 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 159.64 711.40 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 175.99 711.40 Td (in ) Tj ET Q q 0 0 0 rg BT 184.59 711.40 Td (1994 ) Tj ET Q q 0 0 0 rg BT 204.19 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 218.79 711.40 Td (served ) Tj ET Q q 0 0 0 rg BT 243.88 711.40 Td (as ) Tj ET Q q 0 0 0 rg BT 252.98 711.40 Td (its ) Tj ET Q q 0 0 0 rg BT 263.08 711.40 Td (Chief ) Tj ET Q q 0 0 0 rg BT 284.32 711.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 327.91 711.40 Td (Of) Tj ET Q q 0 0 0 rg BT 337.25 711.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 355.33 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 369.93 711.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.53 711.40 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 442.10 711.40 Td (until ) Tj ET Q q 0 0 0 rg BT 460.21 711.40 Td (October ) Tj ET Q q 0 0 0 rg BT 490.79 711.40 Td (2005. ) Tj ET Q q 0 0 0 rg BT 512.64 711.40 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 531.00 711.40 Td (Blankenship ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (has ) Tj ET Q q 0 0 0 rg BT 49.79 700.60 Td (been ) Tj ET Q q 0 0 0 rg BT 68.57 700.60 Td (a ) Tj ET Q q 0 0 0 rg BT 74.35 700.60 Td (director ) Tj ET Q q 0 0 0 rg BT 104.12 700.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.41 700.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 131.71 700.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 161.98 700.60 Td (since ) Tj ET Q q 0 0 0 rg BT 182.27 700.60 Td (October ) Tj ET Q q 0 0 0 rg BT 213.04 700.60 Td (2003, ) Tj ET Q q 0 0 0 rg BT 235.08 700.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 264.86 700.60 Td (since ) Tj ET Q q 0 0 0 rg BT 285.15 700.60 Td (its ) Tj ET Q q 0 0 0 rg BT 295.44 700.60 Td (inception ) Tj ET Q q 0 0 0 rg BT 330.72 700.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 700.60 Td (May ) Tj ET Q q 0 0 0 rg BT 357.80 700.60 Td (2005, ) Tj ET Q q 0 0 0 rg BT 379.84 700.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 409.62 700.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 440.90 700.60 Td (since ) Tj ET Q q 0 0 0 rg BT 461.18 700.60 Td (June ) Tj ET Q q 0 0 0 rg BT 479.47 700.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 501.51 700.60 Td (Independent ) Tj ET Q q 0 0 0 rg BT 547.65 700.60 Td (T) Tj ET Q q 0 0 0 rg BT 552.52 700.60 Td (ankers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 81.51 689.80 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 114.28 689.80 Td (since ) Tj ET Q q 0 0 0 rg BT 134.79 689.80 Td (February ) Tj ET Q q 0 0 0 rg BT 169.30 689.80 Td (2008, ) Tj ET Q q 0 0 0 rg BT 191.57 689.80 Td (Golden ) Tj ET Q q 0 0 0 rg BT 220.08 689.80 Td (Ocean ) Tj ET Q q 0 0 0 rg BT 245.08 689.80 Td (Group ) Tj ET Q q 0 0 0 rg BT 270.10 689.80 Td (Limited ) Tj ET Q q 0 0 0 rg BT 300.61 689.80 Td (since ) Tj ET Q q 0 0 0 rg BT 321.12 689.80 Td (March ) Tj ET Q q 0 0 0 rg BT 346.63 689.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 368.46 689.80 Td (Archer ) Tj ET Q q 0 0 0 rg BT 395.46 689.80 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 414.48 689.80 Td (or ) Tj ET Q q 0 0 0 rg BT 423.55 689.80 Td (Archer) Tj ET Q q 0 0 0 rg BT 448.17 689.80 Td (, ) Tj ET Q q 0 0 0 rg BT 452.44 689.80 Td (since ) Tj ET Q q 0 0 0 rg BT 472.95 689.80 Td (its ) Tj ET Q q 0 0 0 rg BT 483.47 689.80 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 533.98 689.80 Td (in ) Tj ET Q q 0 0 0 rg BT 543.00 689.80 Td (2007 ) Tj ET Q q 0 0 0 rg BT 563.02 689.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (A) Tj ET Q q 0 0 0 rg BT 41.83 679.00 Td (vance ) Tj ET Q q 0 0 0 rg BT 65.13 679.00 Td (Gas ) Tj ET Q q 0 0 0 rg BT 81.45 679.00 Td (Holding ) Tj ET Q q 0 0 0 rg BT 113.26 679.00 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 128.08 679.00 Td (since ) Tj ET Q q 0 0 0 rg BT 148.89 679.00 Td (October ) Tj ET Q q 0 0 0 rg BT 180.19 679.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 202.76 679.00 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 221.83 679.00 Td (Blankenship ) Tj ET Q q 0 0 0 rg BT 269.14 679.00 Td (served ) Tj ET Q q 0 0 0 rg BT 294.94 679.00 Td (as ) Tj ET Q q 0 0 0 rg BT 304.76 679.00 Td (a ) Tj ET Q q 0 0 0 rg BT 311.07 679.00 Td (director ) Tj ET Q q 0 0 0 rg BT 341.37 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.19 679.00 Td (Golar ) Tj ET Q q 0 0 0 rg BT 373.99 679.00 Td (LNG ) Tj ET Q q 0 0 0 rg BT 394.81 679.00 Td (Limited ) Tj ET Q q 0 0 0 rg BT 425.62 679.00 Td (from ) Tj ET Q q 0 0 0 rg BT 445.43 679.00 Td (July ) Tj ET Q q 0 0 0 rg BT 462.75 679.00 Td (2003 ) Tj ET Q q 0 0 0 rg BT 483.07 679.00 Td (until ) Tj ET Q q 0 0 0 rg BT 501.88 679.00 Td (September ) Tj ET Q q 0 0 0 rg BT 542.69 679.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 563.01 679.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (Golar ) Tj ET Q q 0 0 0 rg BT 58.74 668.20 Td (LNG ) Tj ET Q q 0 0 0 rg BT 79.49 668.20 Td (Partners ) Tj ET Q q 0 0 0 rg BT 111.23 668.20 Td (from ) Tj ET Q q 0 0 0 rg BT 130.97 668.20 Td (September ) Tj ET Q q 0 0 0 rg BT 171.71 668.20 Td (2007 ) Tj ET Q q 0 0 0 rg BT 191.96 668.20 Td (until ) Tj ET Q q 0 0 0 rg BT 210.71 668.20 Td (September ) Tj ET Q q 0 0 0 rg BT 251.45 668.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 273.95 668.20 Td (She ) Tj ET Q q 0 0 0 rg BT 289.70 668.20 Td (is ) Tj ET Q q 0 0 0 rg BT 297.95 668.20 Td (a ) Tj ET Q q 0 0 0 rg BT 304.20 668.20 Td (member ) Tj ET Q q 0 0 0 rg BT 335.94 668.20 Td (of ) Tj ET Q q 0 0 0 rg BT 345.68 668.20 Td (the ) Tj ET Q q 0 0 0 rg BT 358.93 668.20 Td (Institute ) Tj ET Q q 0 0 0 rg BT 390.67 668.20 Td (of ) Tj ET Q q 0 0 0 rg BT 400.42 668.20 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 437.66 668.20 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 484.89 668.20 Td (in ) Tj ET Q q 0 0 0 rg BT 494.14 668.20 Td (England ) Tj ET Q q 0 0 0 rg BT 526.39 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 668.20 Td (W) Tj ET Q q 0 0 0 rg BT 549.24 668.20 Td (ales.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td (Paul ) Tj ET Q q 0 0 0 rg BT 55.46 640.60 Td (M. ) Tj ET Q q 0 0 0 rg BT 67.67 640.60 Td (Leand, ) Tj ET Q q 0 0 0 rg BT 95.37 640.60 Td (Jr) Tj ET Q q 0 0 0 rg BT 102.88 640.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.38 640.60 Td (has ) Tj ET Q q 0 0 0 rg BT 121.33 640.60 Td (served ) Tj ET Q q 0 0 0 rg BT 146.78 640.60 Td (as ) Tj ET Q q 0 0 0 rg BT 156.23 640.60 Td (a ) Tj ET Q q 0 0 0 rg BT 162.18 640.60 Td (director ) Tj ET Q q 0 0 0 rg BT 192.12 640.60 Td (since ) Tj ET Q q 0 0 0 rg BT 212.57 640.60 Td (February ) Tj ET Q q 0 0 0 rg BT 247.02 640.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 269.22 640.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 279.73 640.60 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 308.67 640.60 Td (has ) Tj ET Q q 0 0 0 rg BT 322.62 640.60 Td (been ) Tj ET Q q 0 0 0 rg BT 341.57 640.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.52 640.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 376.47 640.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 414.41 640.60 Td (Of) Tj ET Q q 0 0 0 rg BT 423.75 640.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 442.19 640.60 Td (and ) Tj ET Q q 0 0 0 rg BT 457.14 640.60 Td (director ) Tj ET Q q 0 0 0 rg BT 487.08 640.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.10 640.60 Td (AMA) Tj ET Q q 0 0 0 rg BT 516.61 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 518.56 640.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 546.51 640.60 Td (Partners ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.80 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 58.24 629.80 Td (or ) Tj ET Q q 0 0 0 rg BT 68.07 629.80 Td (AMA, ) Tj ET Q q 0 0 0 rg BT 94.31 629.80 Td (an ) Tj ET Q q 0 0 0 rg BT 105.79 629.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.28 629.80 Td (bank ) Tj ET Q q 0 0 0 rg BT 168.76 629.80 Td (specializing ) Tj ET Q q 0 0 0 rg BT 214.74 629.80 Td (in ) Tj ET Q q 0 0 0 rg BT 224.73 629.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.71 629.80 Td (maritime ) Tj ET Q q 0 0 0 rg BT 274.19 629.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 306.69 629.80 Td (since ) Tj ET Q q 0 0 0 rg BT 328.17 629.80 Td (2004. ) Tj ET Q q 0 0 0 rg BT 351.41 629.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 361.91 629.80 Td (. ) Tj ET Q q 0 0 0 rg BT 367.15 629.80 Td (Leand ) Tj ET Q q 0 0 0 rg BT 392.63 629.80 Td (has ) Tj ET Q q 0 0 0 rg BT 407.62 629.80 Td (worked ) Tj ET Q q 0 0 0 rg BT 437.60 629.80 Td (extensively ) Tj ET Q q 0 0 0 rg BT 481.58 629.80 Td (in ) Tj ET Q q 0 0 0 rg BT 491.57 629.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 510.56 629.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 537.54 629.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 569.02 629.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 77.68 619.00 Td (with ) Tj ET Q q 0 0 0 rg BT 95.38 619.00 Td (AMA) Tj ET Q q 0 0 0 rg BT 115.39 619.00 Td () Tj ET Q q 0 0 0 rg BT 117.89 619.00 Td (s ) Tj ET Q q 0 0 0 rg BT 123.58 619.00 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 171.76 619.00 Td (and ) Tj ET Q q 0 0 0 rg BT 186.94 619.00 Td (mer) Tj ET Q q 0 0 0 rg BT 200.77 619.00 Td (gers ) Tj ET Q q 0 0 0 rg BT 217.96 619.00 Td (and ) Tj ET Q q 0 0 0 rg BT 233.14 619.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 278.33 619.00 Td (practices. ) Tj ET Q q 0 0 0 rg BT 314.75 619.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 325.25 619.00 Td (. ) Tj ET Q q 0 0 0 rg BT 329.69 619.00 Td (Leand ) Tj ET Q q 0 0 0 rg BT 354.37 619.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 389.05 619.00 Td (serves ) Tj ET Q q 0 0 0 rg BT 413.73 619.00 Td (as ) Tj ET Q q 0 0 0 rg BT 423.42 619.00 Td (a ) Tj ET Q q 0 0 0 rg BT 429.60 619.00 Td (member ) Tj ET Q q 0 0 0 rg BT 461.28 619.00 Td (of ) Tj ET Q q 0 0 0 rg BT 470.97 619.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.15 619.00 Td (Investment ) Tj ET Q q 0 0 0 rg BT 526.33 619.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 568.52 619.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 608.20 Td (AMA) Tj ET Q q 0 0 0 rg BT 56.50 608.20 Td ( ) Tj ET Q q 0 0 0 rg BT 58.68 608.20 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 93.37 608.20 Td (funds, ) Tj ET Q q 0 0 0 rg BT 117.80 608.20 Td (a ) Tj ET Q q 0 0 0 rg BT 123.97 608.20 Td (series ) Tj ET Q q 0 0 0 rg BT 146.65 608.20 Td (of ) Tj ET Q q 0 0 0 rg BT 156.32 608.20 Td (private ) Tj ET Q q 0 0 0 rg BT 183.49 608.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 208.16 608.20 Td (funds ) Tj ET Q q 0 0 0 rg BT 230.34 608.20 Td (formed ) Tj ET Q q 0 0 0 rg BT 258.51 608.20 Td (and ) Tj ET Q q 0 0 0 rg BT 273.69 608.20 Td (managed ) Tj ET Q q 0 0 0 rg BT 308.35 608.20 Td (by ) Tj ET Q q 0 0 0 rg BT 319.05 608.20 Td (AMA. ) Tj ET Q q 0 0 0 rg BT 344.48 608.20 Td (From ) Tj ET Q q 0 0 0 rg BT 366.16 608.20 Td (1989 ) Tj ET Q q 0 0 0 rg BT 386.34 608.20 Td (to ) Tj ET Q q 0 0 0 rg BT 395.52 608.20 Td (1998, ) Tj ET Q q 0 0 0 rg BT 417.95 608.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 428.46 608.20 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 457.62 608.20 Td (served ) Tj ET Q q 0 0 0 rg BT 483.29 608.20 Td (at ) Tj ET Q q 0 0 0 rg BT 491.97 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 505.14 608.20 Td (First ) Tj ET Q q 0 0 0 rg BT 523.83 608.20 Td (National ) Tj ET Q q 0 0 0 rg BT 557.00 608.20 Td (Bank ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 597.40 Td (of ) Tj ET Q q 0 0 0 rg BT 45.90 597.40 Td (Maryland ) Tj ET Q q 0 0 0 rg BT 83.29 597.40 Td (where ) Tj ET Q q 0 0 0 rg BT 107.68 597.40 Td (he ) Tj ET Q q 0 0 0 rg BT 118.58 597.40 Td (managed ) Tj ET Q q 0 0 0 rg BT 153.47 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 166.87 597.40 Td (bank) Tj ET Q q 0 0 0 rg BT 186.86 597.40 Td (s ) Tj ET Q q 0 0 0 rg BT 192.77 597.40 Td (Railroad ) Tj ET Q q 0 0 0 rg BT 226.16 597.40 Td (Division ) Tj ET Q q 0 0 0 rg BT 259.57 597.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.97 597.40 Td (its ) Tj ET Q q 0 0 0 rg BT 285.88 597.40 Td (International ) Tj ET Q q 0 0 0 rg BT 334.26 597.40 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 370.16 597.40 Td (Division. ) Tj ET Q q 0 0 0 rg BT 405.81 597.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 416.32 597.40 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 445.71 597.40 Td (has ) Tj ET Q q 0 0 0 rg BT 460.11 597.40 Td (also ) Tj ET Q q 0 0 0 rg BT 477.01 597.40 Td (served ) Tj ET Q q 0 0 0 rg BT 502.90 597.40 Td (as ) Tj ET Q q 0 0 0 rg BT 512.80 597.40 Td (a ) Tj ET Q q 0 0 0 rg BT 519.20 597.40 Td (director ) Tj ET Q q 0 0 0 rg BT 549.59 597.40 Td (of ) Tj ET Q q 0 0 0 rg BT 559.49 597.40 Td (Ship ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 586.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 66.74 586.60 Td (since ) Tj ET Q q 0 0 0 rg BT 87.48 586.60 Td (2003, ) Tj ET Q q 0 0 0 rg BT 109.98 586.60 Td (Golar ) Tj ET Q q 0 0 0 rg BT 132.72 586.60 Td (LNG ) Tj ET Q q 0 0 0 rg BT 153.47 586.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 185.21 586.60 Td (LP) Tj ET Q q 0 0 0 rg BT 195.38 586.60 Td ( ) Tj ET Q q 0 0 0 rg BT 197.63 586.60 Td (since ) Tj ET Q q 0 0 0 rg BT 218.37 586.60 Td (201) Tj ET Q q 0 0 0 rg BT 231.54 586.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 240.54 586.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 270.78 586.60 Td (since ) Tj ET Q q 0 0 0 rg BT 291.03 586.60 Td (April ) Tj ET Q q 0 0 0 rg BT 312.28 586.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 332.53 586.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.77 586.60 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 370.51 586.60 Td (Bulk ) Tj ET Q q 0 0 0 rg BT 390.26 586.60 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 425.02 586.60 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 441.01 586.60 Td (since ) Tj ET Q q 0 0 0 rg BT 461.75 586.60 Td (2014.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 559.00 Td (rjan ) Tj ET Q q 0 0 0 rg BT 60.62 559.00 Td (Svanevik) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.12 559.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.73 559.00 Td (has ) Tj ET Q q 0 0 0 rg BT 111.35 559.00 Td (served ) Tj ET Q q 0 0 0 rg BT 137.45 559.00 Td (as ) Tj ET Q q 0 0 0 rg BT 147.56 559.00 Td (a ) Tj ET Q q 0 0 0 rg BT 154.17 559.00 Td (director ) Tj ET Q q 0 0 0 rg BT 184.77 559.00 Td (of ) Tj ET Q q 0 0 0 rg BT 194.89 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.50 559.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.11 559.00 Td (since ) Tj ET Q q 0 0 0 rg BT 267.22 559.00 Td (May ) Tj ET Q q 0 0 0 rg BT 286.33 559.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 309.20 559.00 Td (and ) Tj ET Q q 0 0 0 rg BT 324.81 559.00 Td (as ) Tj ET Q q 0 0 0 rg BT 334.92 559.00 Td (a ) Tj ET Q q 0 0 0 rg BT 341.53 559.00 Td (director ) Tj ET Q q 0 0 0 rg BT 372.13 559.00 Td (of ) Tj ET Q q 0 0 0 rg BT 382.25 559.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 412.85 559.00 Td (since ) Tj ET Q q 0 0 0 rg BT 433.96 559.00 Td (October ) Tj ET Q q 0 0 0 rg BT 465.56 559.00 Td (2014. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.43 559.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 498.93 559.00 Td (. ) Tj ET Q q 0 0 0 rg BT 503.80 559.00 Td (Svanevik ) Tj ET Q q 0 0 0 rg BT 539.91 559.00 Td (joined ) Tj ET Q q 0 0 0 rg BT 565.02 559.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 548.20 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 77.48 548.20 Td (Group ) Tj ET Q q 0 0 0 rg BT 102.97 548.20 Td (in ) Tj ET Q q 0 0 0 rg BT 112.46 548.20 Td (July ) Tj ET Q q 0 0 0 rg BT 129.96 548.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 150.45 548.20 Td (andhas ) Tj ET Q q 0 0 0 rg BT 180.19 548.20 Td (a ) Tj ET Q q 0 0 0 rg BT 186.68 548.20 Td (broad ) Tj ET Q q 0 0 0 rg BT 209.67 548.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 241.66 548.20 Td (background, ) Tj ET Q q 0 0 0 rg BT 288.89 548.20 Td (with ) Tj ET Q q 0 0 0 rg BT 307.38 548.20 Td (special ) Tj ET Q q 0 0 0 rg BT 334.87 548.20 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 376.85 548.20 Td (of ) Tj ET Q q 0 0 0 rg BT 386.84 548.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.84 548.20 Td (and ) Tj ET Q q 0 0 0 rg BT 414.32 548.20 Td (gas, ) Tj ET Q q 0 0 0 rg BT 431.07 548.20 Td (maritime, ) Tj ET Q q 0 0 0 rg BT 468.30 548.20 Td (shipbuilding, ) Tj ET Q q 0 0 0 rg BT 518.05 548.20 Td (and ) Tj ET Q q 0 0 0 rg BT 533.54 548.20 Td (engineering ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 537.40 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 64.83 537.40 Td (He ) Tj ET Q q 0 0 0 rg BT 76.92 537.40 Td (has ) Tj ET Q q 0 0 0 rg BT 90.50 537.40 Td (extensive ) Tj ET Q q 0 0 0 rg BT 126.08 537.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 166.64 537.40 Td (in ) Tj ET Q q 0 0 0 rg BT 175.23 537.40 Td (global ) Tj ET Q q 0 0 0 rg BT 199.32 537.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 240.65 537.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 281.73 537.40 Td (management ) Tj ET Q q 0 0 0 rg BT 329.30 537.40 Td (andcorporate ) Tj ET Q q 0 0 0 rg BT 380.11 537.40 Td (finance.Mr) Tj ET Q q 0 0 0 rg BT 421.60 537.40 Td (.Svanevik ) Tj ET Q q 0 0 0 rg BT 461.18 537.40 Td (was ) Tj ET Q q 0 0 0 rg BT 476.77 537.40 Td (served ) Tj ET Q q 0 0 0 rg BT 501.85 537.40 Td (as ) Tj ET Q q 0 0 0 rg BT 510.93 537.40 Td (managing ) Tj ET Q q 0 0 0 rg BT 548.01 537.40 Td (director ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.60 Td (for ) Tj ET Q q 0 0 0 rg BT 49.82 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.14 526.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 106.96 526.60 Td (advisoryfirmOavikCapital ) Tj ET Q q 0 0 0 rg BT 211.51 526.60 Td (from ) Tj ET Q q 0 0 0 rg BT 232.33 526.60 Td (October2008 ) Tj ET Q q 0 0 0 rg BT 284.90 526.60 Td (to ) Tj ET Q q 0 0 0 rg BT 295.22 526.60 Td (July ) Tj ET Q q 0 0 0 rg BT 313.55 526.60 Td (2014. ) Tj ET Q q 0 0 0 rg BT 337.13 526.60 Td (From ) Tj ET Q q 0 0 0 rg BT 359.96 526.60 Td (2005 ) Tj ET Q q 0 0 0 rg BT 381.28 526.60 Td (to ) Tj ET Q q 0 0 0 rg BT 391.61 526.60 Td (2008, ) Tj ET Q q 0 0 0 rg BT 415.18 526.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 425.69 526.60 Td (. ) Tj ET Q q 0 0 0 rg BT 431.26 526.60 Td (Svanevik ) Tj ET Q q 0 0 0 rg BT 468.08 526.60 Td (was ) Tj ET Q q 0 0 0 rg BT 485.40 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.73 526.60 Td (head ) Tj ET Q q 0 0 0 rg BT 520.04 526.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.86 526.60 Td (mer) Tj ET Q q 0 0 0 rg BT 544.69 526.60 Td (gers ) Tj ET Q q 0 0 0 rg BT 563.01 526.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 515.80 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 81.34 515.80 Td (and ) Tj ET Q q 0 0 0 rg BT 96.68 515.80 Td (a ) Tj ET Q q 0 0 0 rg BT 103.02 515.80 Td (partner ) Tj ET Q q 0 0 0 rg BT 130.85 515.80 Td (and ) Tj ET Q q 0 0 0 rg BT 145.67 515.80 Td (Aker ) Tj ET Q q 0 0 0 rg BT 165.49 515.80 Td (ASA. ) Tj ET Q q 0 0 0 rg BT 188.09 515.80 Td (From ) Tj ET Q q 0 0 0 rg BT 209.94 515.80 Td (2004 ) Tj ET Q q 0 0 0 rg BT 230.29 515.80 Td (to ) Tj ET Q q 0 0 0 rg BT 239.63 515.80 Td (2005, ) Tj ET Q q 0 0 0 rg BT 262.23 515.80 Td (he ) Tj ET Q q 0 0 0 rg BT 273.07 515.80 Td (was ) Tj ET Q q 0 0 0 rg BT 289.41 515.80 Td (the ) Tj ET Q q 0 0 0 rg BT 302.75 515.80 Td (COO ) Tj ET Q q 0 0 0 rg BT 324.10 515.80 Td (and ) Tj ET Q q 0 0 0 rg BT 339.44 515.80 Td (EVP) Tj ET Q q 0 0 0 rg BT 356.11 515.80 Td ( ) Tj ET Q q 0 0 0 rg BT 358.46 515.80 Td (ofKvrner) Tj ET Q q 0 0 0 rg BT 401.45 515.80 Td (ASA.From ) Tj ET Q q 0 0 0 rg BT 445.80 515.80 Td (1994 ) Tj ET Q q 0 0 0 rg BT 466.15 515.80 Td (to ) Tj ET Q q 0 0 0 rg BT 475.49 515.80 Td (2001, ) Tj ET Q q 0 0 0 rg BT 498.09 515.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 508.59 515.80 Td (. ) Tj ET Q q 0 0 0 rg BT 513.19 515.80 Td (Svanevik ) Tj ET Q q 0 0 0 rg BT 549.03 515.80 Td (worked ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 505.00 Td (in ) Tj ET Q q 0 0 0 rg BT 44.17 505.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 79.32 505.00 Td (advisory ) Tj ET Q q 0 0 0 rg BT 111.49 505.00 Td (andinvestment ) Tj ET Q q 0 0 0 rg BT 167.40 505.00 Td (banking ) Tj ET Q q 0 0 0 rg BT 197.57 505.00 Td (for ) Tj ET Q q 0 0 0 rg BT 209.24 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.14 505.00 Td (Arkwright ) Tj ET Q q 0 0 0 rg BT 259.81 505.00 Td (Group. ) Tj ET Q q 0 0 0 rg BT 286.23 505.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 296.73 505.00 Td (. ) Tj ET Q q 0 0 0 rg BT 300.15 505.00 Td (Svanevik ) Tj ET Q q 0 0 0 rg BT 334.82 505.00 Td (began ) Tj ET Q q 0 0 0 rg BT 357.48 505.00 Td (his ) Tj ET Q q 0 0 0 rg BT 369.16 505.00 Td (career ) Tj ET Q q 0 0 0 rg BT 392.30 505.00 Td (at ) Tj ET Q q 0 0 0 rg BT 399.97 505.00 Td (Schlumber) Tj ET Q q 0 0 0 rg BT 438.80 505.00 Td (ger) Tj ET Q q 0 0 0 rg BT 449.93 505.00 Td (, ) Tj ET Q q 0 0 0 rg BT 453.36 505.00 Td (where ) Tj ET Q q 0 0 0 rg BT 476.51 505.00 Td (he ) Tj ET Q q 0 0 0 rg BT 486.18 505.00 Td (held ) Tj ET Q q 0 0 0 rg BT 502.85 505.00 Td (various ) Tj ET Q q 0 0 0 rg BT 530.52 505.00 Td (international ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 494.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.56 494.20 Td (management ) Tj ET Q q 0 0 0 rg BT 117.62 494.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 152.20 494.20 Td (from ) Tj ET Q q 0 0 0 rg BT 171.77 494.20 Td (1991 ) Tj ET Q q 0 0 0 rg BT 191.85 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 200.92 494.20 Td (1994.Mr) Tj ET Q q 0 0 0 rg BT 233.93 494.20 Td (.Svanevik ) Tj ET Q q 0 0 0 rg BT 274.00 494.20 Td (has ) Tj ET Q q 0 0 0 rg BT 288.07 494.20 Td (an ) Tj ET Q q 0 0 0 rg BT 298.19 494.20 Td (AMP) Tj ET Q q 0 0 0 rg BT 317.36 494.20 Td ( ) Tj ET Q q 0 0 0 rg BT 319.44 494.20 Td (from ) Tj ET Q q 0 0 0 rg BT 339.01 494.20 Td (Harvard ) Tj ET Q q 0 0 0 rg BT 370.57 494.20 Td (Business ) Tj ET Q q 0 0 0 rg BT 404.65 494.20 Td (School ) Tj ET Q q 0 0 0 rg BT 431.73 494.20 Td (and ) Tj ET Q q 0 0 0 rg BT 446.80 494.20 Td (a ) Tj ET Q q 0 0 0 rg BT 452.87 494.20 Td (MBA) Tj ET Q q 0 0 0 rg BT 472.88 494.20 Td ( ) Tj ET Q q 0 0 0 rg BT 474.95 494.20 Td (from ) Tj ET Q q 0 0 0 rg BT 494.37 494.20 Td (Thunderbird ) Tj ET Q q 0 0 0 rg BT 541.44 494.20 Td (School ) Tj ET Q q 0 0 0 rg BT 568.51 494.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 483.40 Td (Global ) Tj ET Q q 0 0 0 rg BT 62.75 483.40 Td (Management.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (Georgina ) Tj ET Q q 0 0 0 rg BT 73.26 455.80 Td (Sousa) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.78 455.80 Td (has ) Tj ET Q q 0 0 0 rg BT 112.28 455.80 Td (served ) Tj ET Q q 0 0 0 rg BT 138.03 455.80 Td (as ) Tj ET Q q 0 0 0 rg BT 147.79 455.80 Td (a ) Tj ET Q q 0 0 0 rg BT 154.04 455.80 Td (director ) Tj ET Q q 0 0 0 rg BT 184.29 455.80 Td (of ) Tj ET Q q 0 0 0 rg BT 194.04 455.80 Td (the ) Tj ET Q q 0 0 0 rg BT 207.30 455.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 244.56 455.80 Td (since ) Tj ET Q q 0 0 0 rg BT 265.31 455.80 Td (September ) Tj ET Q q 0 0 0 rg BT 306.05 455.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 328.56 455.80 Td (and ) Tj ET Q q 0 0 0 rg BT 343.82 455.80 Td (as ) Tj ET Q q 0 0 0 rg BT 353.58 455.80 Td (our ) Tj ET Q q 0 0 0 rg BT 367.83 455.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.09 455.80 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 441.33 455.80 Td (since ) Tj ET Q q 0 0 0 rg BT 462.08 455.80 Td (our ) Tj ET Q q 0 0 0 rg BT 476.34 455.80 Td (inception ) Tj ET Q q 0 0 0 rg BT 512.09 455.80 Td (in ) Tj ET Q q 0 0 0 rg BT 521.35 455.80 Td (February ) Tj ET Q q 0 0 0 rg BT 556.10 455.80 Td (201) Tj ET Q q 0 0 0 rg BT 569.26 455.80 Td (1. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 445.00 Td (She ) Tj ET Q q 0 0 0 rg BT 51.06 445.00 Td (is ) Tj ET Q q 0 0 0 rg BT 58.63 445.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 92.68 445.00 Td (a ) Tj ET Q q 0 0 0 rg BT 98.24 445.00 Td (director ) Tj ET Q q 0 0 0 rg BT 127.78 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 136.84 445.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 154.91 445.00 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 187.22 445.00 Td (a ) Tj ET Q q 0 0 0 rg BT 192.77 445.00 Td (director ) Tj ET Q q 0 0 0 rg BT 222.32 445.00 Td (and ) Tj ET Q q 0 0 0 rg BT 236.88 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.44 445.00 Td (Head ) Tj ET Q q 0 0 0 rg BT 269.99 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 279.05 445.00 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 316.26 445.00 Td (Administration ) Tj ET Q q 0 0 0 rg BT 372.32 445.00 Td (for ) Tj ET Q q 0 0 0 rg BT 384.38 445.00 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 418.94 445.00 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 437.50 445.00 Td (and ) Tj ET Q q 0 0 0 rg BT 452.06 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 464.62 445.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.18 445.00 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 536.72 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 545.78 445.00 Td (Seadrill, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 65.50 434.20 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 98.75 434.20 Td (and ) Tj ET Q q 0 0 0 rg BT 112.92 434.20 Td (Archer) Tj ET Q q 0 0 0 rg BT 137.41 434.20 Td (. ) Tj ET Q q 0 0 0 rg BT 141.17 434.20 Td (Until ) Tj ET Q q 0 0 0 rg BT 161.18 434.20 Td (January ) Tj ET Q q 0 0 0 rg BT 190.67 434.20 Td (2007, ) Tj ET Q q 0 0 0 rg BT 212.43 434.20 Td (she ) Tj ET Q q 0 0 0 rg BT 225.94 434.20 Td (was ) Tj ET Q q 0 0 0 rg BT 241.33 434.20 Td (V) Tj ET Q q 0 0 0 rg BT 247.29 434.20 Td (ice-President-Corporate ) Tj ET Q q 0 0 0 rg BT 334.77 434.20 Td (Services ) Tj ET Q q 0 0 0 rg BT 366.76 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 375.77 434.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 424.77 434.20 Td (Services ) Tj ET Q q 0 0 0 rg BT 456.77 434.20 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 489.02 434.20 Td (a ) Tj ET Q q 0 0 0 rg BT 494.53 434.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 529.02 434.20 Td (Management ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 423.40 Td (Company) Tj ET Q q 0 0 0 rg BT 70.41 423.40 Td (, ) Tj ET Q q 0 0 0 rg BT 74.69 423.40 Td (having ) Tj ET Q q 0 0 0 rg BT 101.21 423.40 Td (joined ) Tj ET Q q 0 0 0 rg BT 125.73 423.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.76 423.40 Td (firm ) Tj ET Q q 0 0 0 rg BT 156.28 423.40 Td (in ) Tj ET Q q 0 0 0 rg BT 165.31 423.40 Td (1993 ) Tj ET Q q 0 0 0 rg BT 185.33 423.40 Td (as ) Tj ET Q q 0 0 0 rg BT 194.86 423.40 Td (Manager ) Tj ET Q q 0 0 0 rg BT 228.87 423.40 Td (of ) Tj ET Q q 0 0 0 rg BT 238.39 423.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 275.96 423.40 Td (Administration. ) Tj ET Q q 0 0 0 rg BT 334.73 423.40 Td (From ) Tj ET Q q 0 0 0 rg BT 356.26 423.40 Td (1976 ) Tj ET Q q 0 0 0 rg BT 376.29 423.40 Td (to ) Tj ET Q q 0 0 0 rg BT 385.31 423.40 Td (1982, ) Tj ET Q q 0 0 0 rg BT 407.59 423.40 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 426.37 423.40 Td (Souza ) Tj ET Q q 0 0 0 rg BT 450.39 423.40 Td (was ) Tj ET Q q 0 0 0 rg BT 466.42 423.40 Td (employed ) Tj ET Q q 0 0 0 rg BT 503.93 423.40 Td (by ) Tj ET Q q 0 0 0 rg BT 514.96 423.40 Td (the ) Tj ET Q q 0 0 0 rg BT 527.98 423.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 563.00 423.40 Td (law ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 412.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 53.85 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 63.18 412.60 Td (Appleby) Tj ET Q q 0 0 0 rg BT 93.59 412.60 Td (, ) Tj ET Q q 0 0 0 rg BT 98.20 412.60 Td (Spurling& ) Tj ET Q q 0 0 0 rg BT 140.80 412.60 Td (Kempe ) Tj ET Q q 0 0 0 rg BT 169.15 412.60 Td (as ) Tj ET Q q 0 0 0 rg BT 179.00 412.60 Td (a ) Tj ET Q q 0 0 0 rg BT 185.35 412.60 Td (company ) Tj ET Q q 0 0 0 rg BT 220.69 412.60 Td (secretary ) Tj ET Q q 0 0 0 rg BT 255.52 412.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.87 412.60 Td (from ) Tj ET Q q 0 0 0 rg BT 290.72 412.60 Td (1982 ) Tj ET Q q 0 0 0 rg BT 311.08 412.60 Td (to ) Tj ET Q q 0 0 0 rg BT 320.43 412.60 Td (1993 ) Tj ET Q q 0 0 0 rg BT 340.79 412.60 Td (she ) Tj ET Q q 0 0 0 rg BT 355.14 412.60 Td (was ) Tj ET Q q 0 0 0 rg BT 371.49 412.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 409.33 412.60 Td (by ) Tj ET Q q 0 0 0 rg BT 420.69 412.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.04 412.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 469.38 412.60 Td (law ) Tj ET Q q 0 0 0 rg BT 484.73 412.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 502.58 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.43 412.60 Td (Cox& ) Tj ET Q q 0 0 0 rg BT 538.87 412.60 Td (W) Tj ET Q q 0 0 0 rg BT 547.00 412.60 Td (ilkinson ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 401.80 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 401.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 69.99 401.80 Td (company ) Tj ET Q q 0 0 0 rg BT 105.23 401.80 Td (secretary) Tj ET Q q 0 0 0 rg BT 137.12 401.80 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (Bote ) Tj ET Q q 0 0 0 rg BT 56.11 374.20 Td (de ) Tj ET Q q 0 0 0 rg BT 67.72 374.20 Td (V) Tj ET Q q 0 0 0 rg BT 73.22 374.20 Td (ries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.72 374.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.83 374.20 Td (was ) Tj ET Q q 0 0 0 rg BT 106.94 374.20 Td (appointed ) Tj ET Q q 0 0 0 rg BT 145.54 374.20 Td (as ) Tj ET Q q 0 0 0 rg BT 156.15 374.20 Td (a ) Tj ET Q q 0 0 0 rg BT 163.26 374.20 Td (director ) Tj ET Q q 0 0 0 rg BT 194.35 374.20 Td (of ) Tj ET Q q 0 0 0 rg BT 204.96 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 219.07 374.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 257.18 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 267.29 374.20 Td (March ) Tj ET Q q 0 0 0 rg BT 293.89 374.20 Td (2016. ) Tj ET Q q 0 0 0 rg BT 317.25 374.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 327.75 374.20 Td (. ) Tj ET Q q 0 0 0 rg BT 333.11 374.20 Td (de ) Tj ET Q q 0 0 0 rg BT 344.50 374.20 Td (V) Tj ET Q q 0 0 0 rg BT 350.45 374.20 Td (ries ) Tj ET Q q 0 0 0 rg BT 366.56 374.20 Td (has ) Tj ET Q q 0 0 0 rg BT 381.67 374.20 Td (extensive ) Tj ET Q q 0 0 0 rg BT 418.77 374.20 Td (legal, ) Tj ET Q q 0 0 0 rg BT 441.62 374.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 462.23 374.20 Td (advisory ) Tj ET Q q 0 0 0 rg BT 496.33 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 512.44 374.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 547.03 374.20 Td (services ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.40 Td (experience, ) Tj ET Q q 0 0 0 rg BT 80.04 363.40 Td (specifically ) Tj ET Q q 0 0 0 rg BT 124.33 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 134.15 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 147.96 363.40 Td (shipping ) Tj ET Q q 0 0 0 rg BT 181.78 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 197.59 363.40 Td (maritime ) Tj ET Q q 0 0 0 rg BT 232.89 363.40 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 262.95 363.40 Td (He ) Tj ET Q q 0 0 0 rg BT 276.26 363.40 Td (is ) Tj ET Q q 0 0 0 rg BT 285.08 363.40 Td (a ) Tj ET Q q 0 0 0 rg BT 291.89 363.40 Td (board ) Tj ET Q q 0 0 0 rg BT 315.20 363.40 Td (member ) Tj ET Q q 0 0 0 rg BT 347.50 363.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.19 363.40 Td (Artilium ) Tj ET Q q 0 0 0 rg BT 391.01 363.40 Td (Plc, ) Tj ET Q q 0 0 0 rg BT 407.37 363.40 Td (TBS ) Tj ET Q q 0 0 0 rg BT 426.69 363.40 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 462.02 363.40 Td (Services ) Tj ET Q q 0 0 0 rg BT 495.32 363.40 Td (Inc.,Lloydsfonds ) Tj ET Q q 0 0 0 rg BT 560.76 363.40 Td (AG, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.60 Td (Metro ) Tj ET Q q 0 0 0 rg BT 60.34 352.60 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 105.18 352.60 Td (Holding ) Tj ET Q q 0 0 0 rg BT 137.03 352.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 182.88 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.05 352.60 Td (V) Tj ET Q q 0 0 0 rg BT 203.55 352.60 Td (allianz ) Tj ET Q q 0 0 0 rg BT 229.89 352.60 Td (Holdings; ) Tj ET Q q 0 0 0 rg BT 267.74 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 283.08 352.60 Td (member ) Tj ET Q q 0 0 0 rg BT 314.92 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.76 352.60 Td (four ) Tj ET Q q 0 0 0 rg BT 342.11 352.60 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 386.45 352.60 Td (boards ) Tj ET Q q 0 0 0 rg BT 412.79 352.60 Td (in ) Tj ET Q q 0 0 0 rg BT 422.14 352.60 Td (shipping, ) Tj ET Q q 0 0 0 rg BT 457.75 352.60 Td (healthcare, ) Tj ET Q q 0 0 0 rg BT 499.32 352.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 530.66 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 546.00 352.60 Td (building ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.80 Td (societies ) Tj ET Q q 0 0 0 rg BT 69.24 341.80 Td (in ) Tj ET Q q 0 0 0 rg BT 78.49 341.80 Td (the ) Tj ET Q q 0 0 0 rg BT 91.74 341.80 Td (Netherlands.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 314.20 Td (Hunter ) Tj ET Q q 0 0 0 rg BT 65.04 314.20 Td (Cochrane ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.57 314.20 Td (was ) Tj ET Q q 0 0 0 rg BT 119.60 314.20 Td (appointed ) Tj ET Q q 0 0 0 rg BT 157.11 314.20 Td (as ) Tj ET Q q 0 0 0 rg BT 166.64 314.20 Td (a ) Tj ET Q q 0 0 0 rg BT 172.66 314.20 Td (director ) Tj ET Q q 0 0 0 rg BT 202.68 314.20 Td (of ) Tj ET Q q 0 0 0 rg BT 212.20 314.20 Td (the ) Tj ET Q q 0 0 0 rg BT 225.22 314.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 262.25 314.20 Td (in ) Tj ET Q q 0 0 0 rg BT 271.28 314.20 Td (March ) Tj ET Q q 0 0 0 rg BT 296.80 314.20 Td (2016. ) Tj ET Q q 0 0 0 rg BT 319.07 314.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 329.58 314.20 Td (. ) Tj ET Q q 0 0 0 rg BT 333.86 314.20 Td (Cochrane ) Tj ET Q q 0 0 0 rg BT 370.37 314.20 Td (has ) Tj ET Q q 0 0 0 rg BT 384.39 314.20 Td (extensive ) Tj ET Q q 0 0 0 rg BT 420.41 314.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 461.41 314.20 Td (in ) Tj ET Q q 0 0 0 rg BT 470.44 314.20 Td (industrial ) Tj ET Q q 0 0 0 rg BT 506.46 314.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 549.99 314.20 Td (and ) Tj ET Q q 0 0 0 rg BT 565.01 314.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 303.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 47.20 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 61.90 303.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 75.59 303.40 Td (industry) Tj ET Q q 0 0 0 rg BT 104.51 303.40 Td (. ) Tj ET Q q 0 0 0 rg BT 108.46 303.40 Td (He ) Tj ET Q q 0 0 0 rg BT 120.65 303.40 Td (is ) Tj ET Q q 0 0 0 rg BT 128.35 303.40 Td (also ) Tj ET Q q 0 0 0 rg BT 144.55 303.40 Td (a ) Tj ET Q q 0 0 0 rg BT 150.25 303.40 Td (board ) Tj ET Q q 0 0 0 rg BT 172.44 303.40 Td (member ) Tj ET Q q 0 0 0 rg BT 203.62 303.40 Td (of ) Tj ET Q q 0 0 0 rg BT 212.82 303.40 Td (Chloe ) Tj ET Q q 0 0 0 rg BT 236.02 303.40 Td (Marine ) Tj ET Q q 0 0 0 rg BT 263.71 303.40 Td (Corp ) Tj ET Q q 0 0 0 rg BT 283.41 303.40 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 299.85 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 314.55 303.40 Td (Golden ) Tj ET Q q 0 0 0 rg BT 342.74 303.40 Td (Close ) Tj ET Q q 0 0 0 rg BT 364.94 303.40 Td (Marine ) Tj ET Q q 0 0 0 rg BT 392.63 303.40 Td (Corp ) Tj ET Q q 0 0 0 rg BT 412.33 303.40 Td (Ltd; ) Tj ET Q q 0 0 0 rg BT 429.03 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 443.73 303.40 Td (holds ) Tj ET Q q 0 0 0 rg BT 464.93 303.40 Td (advisory ) Tj ET Q q 0 0 0 rg BT 497.62 303.40 Td (positions ) Tj ET Q q 0 0 0 rg BT 531.83 303.40 Td (with ) Tj ET Q q 0 0 0 rg BT 549.53 303.40 Td (Bovaro ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 67.74 292.60 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 89.24 292.60 Td (a ) Tj ET Q q 0 0 0 rg BT 95.48 292.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 131.22 292.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 162.46 292.60 Td (partnership.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 265.00 Td (Alf ) Tj ET Q q 0 0 0 rg BT 49.07 265.00 Td (Ragnar ) Tj ET Q q 0 0 0 rg BT 78.65 265.00 Td (Lvdal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.15 265.00 Td ( ) Tj ET Q q 0 0 0 rg BT 105.72 265.00 Td (has ) Tj ET Q q 0 0 0 rg BT 119.29 265.00 Td (served ) Tj ET Q q 0 0 0 rg BT 144.35 265.00 Td (as ) Tj ET Q q 0 0 0 rg BT 153.41 265.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 174.98 265.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 212.53 265.00 Td (Of) Tj ET Q q 0 0 0 rg BT 221.87 265.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 239.92 265.00 Td (of ) Tj ET Q q 0 0 0 rg BT 248.99 265.00 Td (North ) Tj ET Q q 0 0 0 rg BT 271.21 265.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 301.78 265.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 350.33 265.00 Td (since ) Tj ET Q q 0 0 0 rg BT 370.39 265.00 Td (January ) Tj ET Q q 0 0 0 rg BT 399.95 265.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 421.77 265.00 Td ( ) Tj ET Q q 0 0 0 rg BT 423.34 265.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 433.85 265.00 Td (.Lvdal ) Tj ET Q q 0 0 0 rg BT 465.41 265.00 Td (served ) Tj ET Q q 0 0 0 rg BT 490.47 265.00 Td (as ) Tj ET Q q 0 0 0 rg BT 499.54 265.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 524.50 265.00 Td (V) Tj ET Q q 0 0 0 rg BT 530.45 265.00 Td (ice ) Tj ET Q q 0 0 0 rg BT 542.52 265.00 Td (President ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 254.20 Td (for ) Tj ET Q q 0 0 0 rg BT 48.25 254.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 78.00 254.20 Td (in ) Tj ET Q q 0 0 0 rg BT 86.76 254.20 Td (the ) Tj ET Q q 0 0 0 rg BT 99.12 254.20 Td (Asia ) Tj ET Q q 0 0 0 rg BT 117.38 254.20 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 144.12 254.20 Td (region ) Tj ET Q q 0 0 0 rg BT 168.87 254.20 Td (from ) Tj ET Q q 0 0 0 rg BT 187.73 254.20 Td (April ) Tj ET Q q 0 0 0 rg BT 208.49 254.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 228.24 254.20 Td (until ) Tj ET Q q 0 0 0 rg BT 246.50 254.20 Td (December ) Tj ET Q q 0 0 0 rg BT 285.24 254.20 Td (2012. ) Tj ET Q q 0 0 0 rg BT 307.24 254.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 317.75 254.20 Td (. ) Tj ET Q q 0 0 0 rg BT 321.75 254.20 Td (Lvdal ) Tj ET Q q 0 0 0 rg BT 349.00 254.20 Td (has ) Tj ET Q q 0 0 0 rg BT 362.76 254.20 Td (also ) Tj ET Q q 0 0 0 rg BT 379.01 254.20 Td (held ) Tj ET Q q 0 0 0 rg BT 396.26 254.20 Td (several ) Tj ET Q q 0 0 0 rg BT 423.50 254.20 Td (other ) Tj ET Q q 0 0 0 rg BT 443.75 254.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 467.50 254.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 501.77 254.20 Td (at ) Tj ET Q q 0 0 0 rg BT 510.02 254.20 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 542.02 254.20 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 243.40 Td (as ) Tj ET Q q 0 0 0 rg BT 45.74 243.40 Td (general ) Tj ET Q q 0 0 0 rg BT 74.46 243.40 Td (manager ) Tj ET Q q 0 0 0 rg BT 107.68 243.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.42 243.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 157.15 243.40 Td (for ) Tj ET Q q 0 0 0 rg BT 169.88 243.40 Td (its ) Tj ET Q q 0 0 0 rg BT 180.63 243.40 Td (mobile ) Tj ET Q q 0 0 0 rg BT 207.86 243.40 Td (units. ) Tj ET Q q 0 0 0 rg BT 229.86 243.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 240.36 243.40 Td (.Lvdal ) Tj ET Q q 0 0 0 rg BT 272.59 243.40 Td (has ) Tj ET Q q 0 0 0 rg BT 286.83 243.40 Td (35 ) Tj ET Q q 0 0 0 rg BT 298.07 243.40 Td (years ) Tj ET Q q 0 0 0 rg BT 319.30 243.40 Td (of ) Tj ET Q q 0 0 0 rg BT 329.04 243.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 370.25 243.40 Td (in ) Tj ET Q q 0 0 0 rg BT 379.49 243.40 Td (the ) Tj ET Q q 0 0 0 rg BT 392.72 243.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 404.46 243.40 Td (and ) Tj ET Q q 0 0 0 rg BT 419.70 243.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 433.94 243.40 Td (industry) Tj ET Q q 0 0 0 rg BT 462.85 243.40 Td (, ) Tj ET Q q 0 0 0 rg BT 467.34 243.40 Td (including ) Tj ET Q q 0 0 0 rg BT 503.58 243.40 Td (ten ) Tj ET Q q 0 0 0 rg BT 516.81 243.40 Td (years ) Tj ET Q q 0 0 0 rg BT 538.04 243.40 Td (in ) Tj ET Q q 0 0 0 rg BT 547.28 243.40 Td (the ) Tj ET Q q 0 0 0 rg BT 560.52 243.40 Td (well ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.60 Td (services ) Tj ET Q q 0 0 0 rg BT 66.24 232.60 Td (business ) Tj ET Q q 0 0 0 rg BT 98.00 232.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.75 232.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.00 232.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 146.76 232.60 Td (contractor ) Tj ET Q q 0 0 0 rg BT 184.49 232.60 Td (Smedvig, ) Tj ET Q q 0 0 0 rg BT 220.00 232.60 Td (which ) Tj ET Q q 0 0 0 rg BT 243.25 232.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 272.50 232.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 304.74 232.60 Td (in ) Tj ET Q q 0 0 0 rg BT 312.99 232.60 Td (early ) Tj ET Q q 0 0 0 rg BT 332.24 232.60 Td (2006. ) Tj ET Q q 0 0 0 rg BT 353.74 232.60 Td (Prior ) Tj ET Q q 0 0 0 rg BT 373.00 232.60 Td (to ) Tj ET Q q 0 0 0 rg BT 381.25 232.60 Td (his ) Tj ET Q q 0 0 0 rg BT 393.01 232.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 439.26 232.60 Td (with ) Tj ET Q q 0 0 0 rg BT 456.52 232.60 Td (Smedvig ) Tj ET Q q 0 0 0 rg BT 489.77 232.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.02 232.60 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 535.52 232.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 546.03 232.60 Td (.Lvdal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.80 Td (held ) Tj ET Q q 0 0 0 rg BT 54.02 221.80 Td (various ) Tj ET Q q 0 0 0 rg BT 83.03 221.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 118.06 221.80 Td (in ) Tj ET Q q 0 0 0 rg BT 127.58 221.80 Td (dif) Tj ET Q q 0 0 0 rg BT 137.41 221.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 160.92 221.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.94 221.80 Td (service ) Tj ET Q q 0 0 0 rg BT 200.94 221.80 Td (companies, ) Tj ET Q q 0 0 0 rg BT 244.20 221.80 Td (including ) Tj ET Q q 0 0 0 rg BT 280.72 221.80 Td (five ) Tj ET Q q 0 0 0 rg BT 297.23 221.80 Td (years ) Tj ET Q q 0 0 0 rg BT 318.74 221.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.76 221.80 Td (of) Tj ET Q q 0 0 0 rg BT 336.09 221.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 361.10 221.80 Td (field ) Tj ET Q q 0 0 0 rg BT 380.12 221.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 421.61 221.80 Td (with ) Tj ET Q q 0 0 0 rg BT 440.13 221.80 Td (Schlumber) Tj ET Q q 0 0 0 rg BT 478.96 221.80 Td (ger ) Tj ET Q q 0 0 0 rg BT 492.97 221.80 Td (Limited ) Tj ET Q q 0 0 0 rg BT 523.99 221.80 Td (and ) Tj ET Q q 0 0 0 rg BT 539.50 221.80 Td (serving ) Tj ET Q q 0 0 0 rg BT 568.52 221.80 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 211.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 211.00 Td (chief ) Tj ET Q q 0 0 0 rg BT 69.48 211.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 106.21 211.00 Td (of) Tj ET Q q 0 0 0 rg BT 113.55 211.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 132.28 211.00 Td (of ) Tj ET Q q 0 0 0 rg BT 142.03 211.00 Td (Seawell ) Tj ET Q q 0 0 0 rg BT 172.77 211.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 221.50 211.00 Td (AS. ) Tj ET Q q 0 0 0 rg BT 237.51 211.00 Td (He ) Tj ET Q q 0 0 0 rg BT 250.25 211.00 Td (has ) Tj ET Q q 0 0 0 rg BT 264.50 211.00 Td (a ) Tj ET Q q 0 0 0 rg BT 270.74 211.00 Td (degree ) Tj ET Q q 0 0 0 rg BT 296.97 211.00 Td (in ) Tj ET Q q 0 0 0 rg BT 306.22 211.00 Td (mechanical ) Tj ET Q q 0 0 0 rg BT 349.45 211.00 Td (engineering ) Tj ET Q q 0 0 0 rg BT 394.18 211.00 Td (from ) Tj ET Q q 0 0 0 rg BT 413.93 211.00 Td (Horten ) Tj ET Q q 0 0 0 rg BT 441.17 211.00 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 486.91 211.00 Td (Academy ) Tj ET Q q 0 0 0 rg BT 523.64 211.00 Td (in ) Tj ET Q q 0 0 0 rg BT 532.89 211.00 Td (Norway) Tj ET Q q 0 0 0 rg BT 561.30 211.00 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 183.40 Td (Scott ) Tj ET Q q 0 0 0 rg BT 57.46 183.40 Td (McReaken ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.41 183.40 Td (has ) Tj ET Q q 0 0 0 rg BT 115.37 183.40 Td (served ) Tj ET Q q 0 0 0 rg BT 141.81 183.40 Td (as ) Tj ET Q q 0 0 0 rg BT 152.27 183.40 Td (Chief ) Tj ET Q q 0 0 0 rg BT 175.22 183.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 211.67 183.40 Td (Of) Tj ET Q q 0 0 0 rg BT 221.00 183.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 240.44 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 250.90 183.40 Td (North ) Tj ET Q q 0 0 0 rg BT 274.20 183.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 306.15 183.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 356.09 183.40 Td (since ) Tj ET Q q 0 0 0 rg BT 376.88 183.40 Td (August ) Tj ET Q q 0 0 0 rg BT 405.84 183.40 Td (2015. ) Tj ET Q q 0 0 0 rg BT 429.05 183.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 439.55 183.40 Td (. ) Tj ET Q q 0 0 0 rg BT 444.76 183.40 Td (McReaken ) Tj ET Q q 0 0 0 rg BT 486.70 183.40 Td (has ) Tj ET Q q 0 0 0 rg BT 501.66 183.40 Td (also ) Tj ET Q q 0 0 0 rg BT 519.11 183.40 Td (served ) Tj ET Q q 0 0 0 rg BT 545.56 183.40 Td (as ) Tj ET Q q 0 0 0 rg BT 556.01 183.40 Td (Chief ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 172.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 74.07 172.60 Td (Of) Tj ET Q q 0 0 0 rg BT 83.40 172.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 101.98 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 111.56 172.60 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 135.65 172.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 166.23 172.60 Td (since ) Tj ET Q q 0 0 0 rg BT 186.81 172.60 Td (November ) Tj ET Q q 0 0 0 rg BT 226.89 172.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 249.23 172.60 Td (He ) Tj ET Q q 0 0 0 rg BT 261.81 172.60 Td (was ) Tj ET Q q 0 0 0 rg BT 277.89 172.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 317.98 172.60 Td (director ) Tj ET Q q 0 0 0 rg BT 348.05 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.64 172.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 386.21 172.60 Td (for ) Tj ET Q q 0 0 0 rg BT 398.79 172.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 428.87 172.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.96 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.58 172.60 Td (Americas ) Tj ET Q q 0 0 0 rg BT 487.15 172.60 Td (region ) Tj ET Q q 0 0 0 rg BT 512.23 172.60 Td (from ) Tj ET Q q 0 0 0 rg BT 531.82 172.60 Td (July ) Tj ET Q q 0 0 0 rg BT 548.91 172.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 569.00 172.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 161.80 Td (November ) Tj ET Q q 0 0 0 rg BT 76.38 161.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 99.03 161.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 109.53 161.80 Td (. ) Tj ET Q q 0 0 0 rg BT 114.18 161.80 Td (McReaken ) Tj ET Q q 0 0 0 rg BT 155.56 161.80 Td (was ) Tj ET Q q 0 0 0 rg BT 171.95 161.80 Td (Director ) Tj ET Q q 0 0 0 rg BT 204.33 161.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.22 161.80 Td (Planning ) Tj ET Q q 0 0 0 rg BT 274.61 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 289.48 161.80 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 323.37 161.80 Td (at ) Tj ET Q q 0 0 0 rg BT 332.09 161.80 Td (V) Tj ET Q q 0 0 0 rg BT 337.59 161.80 Td (antage ) Tj ET Q q 0 0 0 rg BT 363.47 161.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 394.37 161.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.76 161.80 Td (from ) Tj ET Q q 0 0 0 rg BT 451.65 161.80 Td (March ) Tj ET Q q 0 0 0 rg BT 477.54 161.80 Td (2010 ) Tj ET Q q 0 0 0 rg BT 497.93 161.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.33 161.80 Td (July ) Tj ET Q q 0 0 0 rg BT 524.73 161.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 545.12 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 560.51 161.80 Td (held ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.00 Td (various ) Tj ET Q q 0 0 0 rg BT 64.57 151.00 Td (positions ) Tj ET Q q 0 0 0 rg BT 99.15 151.00 Td (at ) Tj ET Q q 0 0 0 rg BT 107.72 151.00 Td (Pride ) Tj ET Q q 0 0 0 rg BT 128.79 151.00 Td (International ) Tj ET Q q 0 0 0 rg BT 176.85 151.00 Td (from ) Tj ET Q q 0 0 0 rg BT 196.42 151.00 Td (May ) Tj ET Q q 0 0 0 rg BT 214.99 151.00 Td (2005 ) Tj ET Q q 0 0 0 rg BT 235.07 151.00 Td (to ) Tj ET Q q 0 0 0 rg BT 244.14 151.00 Td (March ) Tj ET Q q 0 0 0 rg BT 269.71 151.00 Td (2010, ) Tj ET Q q 0 0 0 rg BT 292.03 151.00 Td (including ) Tj ET Q q 0 0 0 rg BT 328.10 151.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 356.66 151.00 Td (manager ) Tj ET Q q 0 0 0 rg BT 389.72 151.00 Td (in ) Tj ET Q q 0 0 0 rg BT 398.64 151.00 Td (W) Tj ET Q q 0 0 0 rg BT 406.42 151.00 Td (est ) Tj ET Q q 0 0 0 rg BT 418.03 151.00 Td (Africa ) Tj ET Q q 0 0 0 rg BT 443.09 151.00 Td (and ) Tj ET Q q 0 0 0 rg BT 458.16 151.00 Td (lead ) Tj ET Q q 0 0 0 rg BT 475.22 151.00 Td (analyst ) Tj ET Q q 0 0 0 rg BT 502.79 151.00 Td (for ) Tj ET Q q 0 0 0 rg BT 515.36 151.00 Td (divestiture ) Tj ET Q q 0 0 0 rg BT 555.43 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 565.00 151.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.20 Td (Latin ) Tj ET Q q 0 0 0 rg BT 56.60 140.20 Td (American ) Tj ET Q q 0 0 0 rg BT 94.15 140.20 Td (onshore ) Tj ET Q q 0 0 0 rg BT 124.71 140.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 153.28 140.20 Td (and ) Tj ET Q q 0 0 0 rg BT 168.34 140.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 179.91 140.20 Td (field ) Tj ET Q q 0 0 0 rg BT 198.46 140.20 Td (services ) Tj ET Q q 0 0 0 rg BT 229.52 140.20 Td (division. ) Tj ET Q q 0 0 0 rg BT 262.84 140.20 Td (From ) Tj ET Q q 0 0 0 rg BT 284.41 140.20 Td (the ) Tj ET Q q 0 0 0 rg BT 297.47 140.20 Td (onset ) Tj ET Q q 0 0 0 rg BT 318.53 140.20 Td (of ) Tj ET Q q 0 0 0 rg BT 328.10 140.20 Td (his ) Tj ET Q q 0 0 0 rg BT 340.67 140.20 Td (career ) Tj ET Q q 0 0 0 rg BT 364.70 140.20 Td (at ) Tj ET Q q 0 0 0 rg BT 372.81 140.20 Td (Arthur ) Tj ET Q q 0 0 0 rg BT 398.41 140.20 Td (Andersen ) Tj ET Q q 0 0 0 rg BT 434.97 140.20 Td (LLP) Tj ET Q q 0 0 0 rg BT 450.64 140.20 Td ( ) Tj ET Q q 0 0 0 rg BT 452.70 140.20 Td (in ) Tj ET Q q 0 0 0 rg BT 461.77 140.20 Td (2001, ) Tj ET Q q 0 0 0 rg BT 484.09 140.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 494.59 140.20 Td (. ) Tj ET Q q 0 0 0 rg BT 498.90 140.20 Td (McReaken ) Tj ET Q q 0 0 0 rg BT 539.96 140.20 Td (worked ) Tj ET Q q 0 0 0 rg BT 569.01 140.20 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 129.40 Td (audit ) Tj ET Q q 0 0 0 rg BT 56.20 129.40 Td (and ) Tj ET Q q 0 0 0 rg BT 71.40 129.40 Td (advisory ) Tj ET Q q 0 0 0 rg BT 104.60 129.40 Td (services ) Tj ET Q q 0 0 0 rg BT 135.80 129.40 Td (for ) Tj ET Q q 0 0 0 rg BT 148.50 129.40 Td (various ) Tj ET Q q 0 0 0 rg BT 177.20 129.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 217.89 129.40 Td (until ) Tj ET Q q 0 0 0 rg BT 236.60 129.40 Td (2005. ) Tj ET Q q 0 0 0 rg BT 259.05 129.40 Td ( ) Tj ET Q q 0 0 0 rg BT 261.26 129.40 Td (He ) Tj ET Q q 0 0 0 rg BT 273.96 129.40 Td (has ) Tj ET Q q 0 0 0 rg BT 288.16 129.40 Td (a ) Tj ET Q q 0 0 0 rg BT 294.36 129.40 Td (degree ) Tj ET Q q 0 0 0 rg BT 320.55 129.40 Td (in ) Tj ET Q q 0 0 0 rg BT 329.76 129.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 371.45 129.40 Td (from ) Tj ET Q q 0 0 0 rg BT 390.99 129.40 Td (The ) Tj ET Q q 0 0 0 rg BT 407.19 129.40 Td (University ) Tj ET Q q 0 0 0 rg BT 447.39 129.40 Td (of ) Tj ET Q q 0 0 0 rg BT 456.93 129.40 Td (T) Tj ET Q q 0 0 0 rg BT 461.80 129.40 Td (exas ) Tj ET Q q 0 0 0 rg BT 480.00 129.40 Td (at ) Tj ET Q q 0 0 0 rg BT 488.21 129.40 Td (Austin ) Tj ET Q q 0 0 0 rg BT 514.42 129.40 Td (and ) Tj ET Q q 0 0 0 rg BT 529.62 129.40 Td (is ) Tj ET Q q 0 0 0 rg BT 537.83 129.40 Td (a ) Tj ET Q q 0 0 0 rg BT 544.03 129.40 Td (Certified ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 118.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 60.74 118.60 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 104.46 118.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 118.60 Td (Certified ) Tj ET Q q 0 0 0 rg BT 153.90 118.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 183.62 118.60 Td (Auditor) Tj ET Q q 0 0 0 rg BT 211.13 118.60 Td (. ) Tj ET Q q 0 0 0 rg BT 215.61 118.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 226.11 118.60 Td (. ) Tj ET Q q 0 0 0 rg BT 230.59 118.60 Td (McReaken ) Tj ET Q q 0 0 0 rg BT 271.81 118.60 Td (has ) Tj ET Q q 0 0 0 rg BT 286.03 118.60 Td (served ) Tj ET Q q 0 0 0 rg BT 311.75 118.60 Td (as ) Tj ET Q q 0 0 0 rg BT 321.48 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.55 118.60 Td (T) Tj ET Q q 0 0 0 rg BT 339.73 118.60 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 370.94 118.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.17 118.60 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 422.38 118.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.10 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.33 118.60 Td (International ) Tj ET Q q 0 0 0 rg BT 493.05 118.60 Td (Association ) Tj ET Q q 0 0 0 rg BT 537.78 118.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.50 118.60 Td (Drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 107.80 Td (Contractors ) Tj ET Q q 0 0 0 rg BT 80.24 107.80 Td (since ) Tj ET Q q 0 0 0 rg BT 100.98 107.80 Td (January ) Tj ET Q q 0 0 0 rg BT 131.22 107.80 Td (2013.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (For ) Tj ET Q q 0 0 0 rg BT 51.27 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 65.03 721.65 Td (year ) Tj ET Q q 0 0 0 rg BT 83.28 721.65 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.54 721.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 160.78 721.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.78 721.65 Td (, ) Tj ET Q q 0 0 0 rg BT 183.80 721.65 Td (we ) Tj ET Q q 0 0 0 rg BT 197.06 721.65 Td (paid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.32 721.65 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 233.84 721.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.84 721.65 Td ( ) Tj ET Q q 0 0 0 rg BT 262.61 721.65 Td (in ) Tj ET Q q 0 0 0 rg BT 272.37 721.65 Td (total ) Tj ET Q q 0 0 0 rg BT 291.14 721.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 343.89 721.65 Td (to ) Tj ET Q q 0 0 0 rg BT 353.66 721.65 Td (directors. ) Tj ET Q q 0 0 0 rg BT 390.16 721.65 Td (None ) Tj ET Q q 0 0 0 rg BT 412.42 721.65 Td (of ) Tj ET Q q 0 0 0 rg BT 422.69 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 436.45 721.65 Td (members ) Tj ET Q q 0 0 0 rg BT 472.20 721.65 Td (of ) Tj ET Q q 0 0 0 rg BT 482.47 721.65 Td (our ) Tj ET Q q 0 0 0 rg BT 497.23 721.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 521.99 721.65 Td (of ) Tj ET Q q 0 0 0 rg BT 532.26 721.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 568.51 721.65 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 710.85 Td (of) Tj ET Q q 0 0 0 rg BT 43.33 710.85 Td (ficers ) Tj ET Q q 0 0 0 rg BT 65.57 710.85 Td (will ) Tj ET Q q 0 0 0 rg BT 81.82 710.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 110.05 710.85 Td (any ) Tj ET Q q 0 0 0 rg BT 125.29 710.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 156.03 710.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 176.28 710.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 220.02 710.85 Td (of ) Tj ET Q q 0 0 0 rg BT 229.77 710.85 Td (their ) Tj ET Q q 0 0 0 rg BT 248.51 710.85 Td (directorships ) Tj ET Q q 0 0 0 rg BT 297.25 710.85 Td (or ) Tj ET Q q 0 0 0 rg BT 307.00 710.85 Td (of) Tj ET Q q 0 0 0 rg BT 314.33 710.85 Td (ficers ) Tj ET Q q 0 0 0 rg BT 336.57 710.85 Td (positions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 683.25 Td (All ) Tj ET Q q 0 0 0 rg BT 49.92 683.25 Td (references ) Tj ET Q q 0 0 0 rg BT 89.31 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.73 683.25 Td (this ) Tj ET Q q 0 0 0 rg BT 113.62 683.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 142.54 683.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 169.46 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.88 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.29 683.25 Td (of) Tj ET Q q 0 0 0 rg BT 204.62 683.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 231.03 683.25 Td (include ) Tj ET Q q 0 0 0 rg BT 259.94 683.25 Td (those ) Tj ET Q q 0 0 0 rg BT 281.36 683.25 Td (of) Tj ET Q q 0 0 0 rg BT 288.69 683.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 311.10 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.02 683.25 Td (North ) Tj ET Q q 0 0 0 rg BT 343.90 683.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 375.31 683.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 424.72 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.13 683.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 464.55 683.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 495.47 683.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 544.34 683.25 Td (AS, ) Tj ET Q q 0 0 0 rg BT 560.52 683.25 Td (who ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 672.45 Td (perform ) Tj ET Q q 0 0 0 rg BT 66.71 672.45 Td (or ) Tj ET Q q 0 0 0 rg BT 75.92 672.45 Td (performed, ) Tj ET Q q 0 0 0 rg BT 117.38 672.45 Td (as ) Tj ET Q q 0 0 0 rg BT 126.59 672.45 Td (the ) Tj ET Q q 0 0 0 rg BT 139.31 672.45 Td (case ) Tj ET Q q 0 0 0 rg BT 156.52 672.45 Td (may ) Tj ET Q q 0 0 0 rg BT 173.73 672.45 Td (be, ) Tj ET Q q 0 0 0 rg BT 186.20 672.45 Td (executive ) Tj ET Q q 0 0 0 rg BT 222.40 672.45 Td (of) Tj ET Q q 0 0 0 rg BT 229.73 672.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 247.94 672.45 Td (services ) Tj ET Q q 0 0 0 rg BT 278.64 672.45 Td (for ) Tj ET Q q 0 0 0 rg BT 290.86 672.45 Td (our ) Tj ET Q q 0 0 0 rg BT 304.58 672.45 Td (benefit. ) Tj ET Q q 0 0 0 rg BT 333.54 672.45 Td (For ) Tj ET Q q 0 0 0 rg BT 347.76 672.45 Td (the ) Tj ET Q q 0 0 0 rg BT 360.47 672.45 Td (year ) Tj ET Q q 0 0 0 rg BT 377.68 672.45 Td (ending ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.90 672.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 456.09 672.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.09 672.45 Td (, ) Tj ET Q q 0 0 0 rg BT 478.06 672.45 Td (the ) Tj ET Q q 0 0 0 rg BT 490.78 672.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 512.50 672.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 550.20 672.45 Td (Of) Tj ET Q q 0 0 0 rg BT 559.53 672.45 Td (ficer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 661.65 Td (of ) Tj ET Q q 0 0 0 rg BT 45.99 661.65 Td (North ) Tj ET Q q 0 0 0 rg BT 68.92 661.65 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 100.40 661.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 149.33 661.65 Td (AS, ) Tj ET Q q 0 0 0 rg BT 165.57 661.65 Td (our ) Tj ET Q q 0 0 0 rg BT 180.06 661.65 Td (Principal ) Tj ET Q q 0 0 0 rg BT 215.04 661.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 253.51 661.65 Td (Of) Tj ET Q q 0 0 0 rg BT 262.85 661.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 278.97 661.65 Td (, ) Tj ET Q q 0 0 0 rg BT 283.71 661.65 Td (and ) Tj ET Q q 0 0 0 rg BT 299.19 661.65 Td (the ) Tj ET Q q 0 0 0 rg BT 312.68 661.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 335.16 661.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 371.14 661.65 Td (Of) Tj ET Q q 0 0 0 rg BT 380.48 661.65 Td (ficer ) Tj ET Q q 0 0 0 rg BT 399.45 661.65 Td (of ) Tj ET Q q 0 0 0 rg BT 409.44 661.65 Td (North ) Tj ET Q q 0 0 0 rg BT 432.38 661.65 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 463.86 661.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 512.78 661.65 Td (AS, ) Tj ET Q q 0 0 0 rg BT 529.02 661.65 Td (our ) Tj ET Q q 0 0 0 rg BT 543.51 661.65 Td (Principal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 650.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 71.74 650.85 Td (Of) Tj ET Q q 0 0 0 rg BT 81.07 650.85 Td (ficer) Tj ET Q q 0 0 0 rg BT 97.20 650.85 Td (, ) Tj ET Q q 0 0 0 rg BT 101.70 650.85 Td (were ) Tj ET Q q 0 0 0 rg BT 121.43 650.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 139.18 650.85 Td (total ) Tj ET Q q 0 0 0 rg BT 157.43 650.85 Td (combined ) Tj ET Q q 0 0 0 rg BT 195.17 650.85 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 232.39 650.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 284.63 650.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.38 650.85 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 312.38 650.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.38 650.85 Td ( ) Tj ET Q q 0 0 0 rg BT 340.63 650.85 Td (in ) Tj ET Q q 0 0 0 rg BT 349.88 650.85 Td (relation ) Tj ET Q q 0 0 0 rg BT 379.62 650.85 Td (to ) Tj ET Q q 0 0 0 rg BT 388.87 650.85 Td (their ) Tj ET Q q 0 0 0 rg BT 407.61 650.85 Td (services ) Tj ET Q q 0 0 0 rg BT 438.85 650.85 Td (to ) Tj ET Q q 0 0 0 rg BT 448.10 650.85 Td (us. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.25 Td (In ) Tj ET Q q 0 0 0 rg BT 45.69 623.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 77.38 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.58 623.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 104.76 623.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 159.19 623.25 Td (during ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.88 623.25 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.88 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.08 623.25 Td (we ) Tj ET Q q 0 0 0 rg BT 217.77 623.25 Td (also ) Tj ET Q q 0 0 0 rg BT 234.46 623.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 276.13 623.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.82 623.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 318.00 623.25 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.69 623.25 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 345.63 623.25 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.63 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.83 623.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 403.51 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.70 623.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 448.38 623.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 469.57 623.25 Td (units ) Tj ET Q q 0 0 0 rg BT 489.27 623.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 518.45 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.64 623.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 554.32 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 564.01 623.25 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 612.45 Td (directors ) Tj ET Q q 0 0 0 rg BT 69.83 612.45 Td (and ) Tj ET Q q 0 0 0 rg BT 85.17 612.45 Td (executive ) Tj ET Q q 0 0 0 rg BT 121.99 612.45 Td (of) Tj ET Q q 0 0 0 rg BT 129.32 612.45 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 153.73 612.45 Td (The ) Tj ET Q q 0 0 0 rg BT 170.07 612.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 184.90 612.45 Td (values ) Tj ET Q q 0 0 0 rg BT 210.23 612.45 Td (of ) Tj ET Q q 0 0 0 rg BT 220.07 612.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 247.90 612.45 Td (are ) Tj ET Q q 0 0 0 rg BT 261.23 612.45 Td (based ) Tj ET Q q 0 0 0 rg BT 284.06 612.45 Td (on ) Tj ET Q q 0 0 0 rg BT 295.41 612.45 Td (the ) Tj ET Q q 0 0 0 rg BT 308.74 612.45 Td (market ) Tj ET Q q 0 0 0 rg BT 336.07 612.45 Td (share ) Tj ET Q q 0 0 0 rg BT 357.40 612.45 Td (price ) Tj ET Q q 0 0 0 rg BT 377.73 612.45 Td (on ) Tj ET Q q 0 0 0 rg BT 389.08 612.45 Td (grant ) Tj ET Q q 0 0 0 rg BT 409.91 612.45 Td (date ) Tj ET Q q 0 0 0 rg BT 427.24 612.45 Td (which ) Tj ET Q q 0 0 0 rg BT 451.58 612.45 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.92 612.45 Td ($96.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.67 612.45 Td ( ) Tj ET Q q 0 0 0 rg BT 495.01 612.45 Td (for ) Tj ET Q q 0 0 0 rg BT 507.85 612.45 Td (the ) Tj ET Q q 0 0 0 rg BT 521.18 612.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 557.01 612.45 Td (stock ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 601.65 Td (units ) Tj ET Q q 0 0 0 rg BT 55.75 601.65 Td (were ) Tj ET Q q 0 0 0 rg BT 75.49 601.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 104.73 601.65 Td (in ) Tj ET Q q 0 0 0 rg BT 113.98 601.65 Td (2013, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.48 601.65 Td ($14.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.23 601.65 Td ( ) Tj ET Q q 0 0 0 rg BT 163.48 601.65 Td (for ) Tj ET Q q 0 0 0 rg BT 176.22 601.65 Td (the ) Tj ET Q q 0 0 0 rg BT 189.47 601.65 Td (grants ) Tj ET Q q 0 0 0 rg BT 213.71 601.65 Td (in ) Tj ET Q q 0 0 0 rg BT 222.96 601.65 Td (May ) Tj ET Q q 0 0 0 rg BT 241.71 601.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 261.96 601.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.20 601.65 Td ($3.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 601.65 Td ( ) Tj ET Q q 0 0 0 rg BT 299.70 601.65 Td (for ) Tj ET Q q 0 0 0 rg BT 312.45 601.65 Td (the ) Tj ET Q q 0 0 0 rg BT 325.69 601.65 Td (grants ) Tj ET Q q 0 0 0 rg BT 349.94 601.65 Td (in ) Tj ET Q q 0 0 0 rg BT 359.19 601.65 Td (December ) Tj ET Q q 0 0 0 rg BT 398.41 601.65 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 559.05 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 559.05 Td (Board Practices) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 531.45 Td (Each ) Tj ET Q q 0 0 0 rg BT 56.10 531.45 Td (director ) Tj ET Q q 0 0 0 rg BT 86.20 531.45 Td (holds ) Tj ET Q q 0 0 0 rg BT 107.82 531.45 Td (of) Tj ET Q q 0 0 0 rg BT 115.15 531.45 Td (fice ) Tj ET Q q 0 0 0 rg BT 130.75 531.45 Td (until ) Tj ET Q q 0 0 0 rg BT 149.37 531.45 Td (his ) Tj ET Q q 0 0 0 rg BT 161.98 531.45 Td (or ) Tj ET Q q 0 0 0 rg BT 171.59 531.45 Td (her ) Tj ET Q q 0 0 0 rg BT 185.20 531.45 Td (term ) Tj ET Q q 0 0 0 rg BT 203.81 531.45 Td (expires ) Tj ET Q q 0 0 0 rg BT 231.91 531.45 Td (at ) Tj ET Q q 0 0 0 rg BT 240.52 531.45 Td (the ) Tj ET Q q 0 0 0 rg BT 253.63 531.45 Td (next ) Tj ET Q q 0 0 0 rg BT 271.23 531.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 297.34 531.45 Td (general ) Tj ET Q q 0 0 0 rg BT 325.93 531.45 Td (meeting ) Tj ET Q q 0 0 0 rg BT 357.04 531.45 Td (of ) Tj ET Q q 0 0 0 rg BT 366.65 531.45 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 414.25 531.45 Td (or ) Tj ET Q q 0 0 0 rg BT 423.86 531.45 Td (until ) Tj ET Q q 0 0 0 rg BT 442.47 531.45 Td (his ) Tj ET Q q 0 0 0 rg BT 455.09 531.45 Td (or ) Tj ET Q q 0 0 0 rg BT 464.70 531.45 Td (her ) Tj ET Q q 0 0 0 rg BT 478.31 531.45 Td (death, ) Tj ET Q q 0 0 0 rg BT 502.16 531.45 Td (resignation, ) Tj ET Q q 0 0 0 rg BT 546.51 531.45 Td (removal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.65 Td (or ) Tj ET Q q 0 0 0 rg BT 45.88 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 59.26 520.65 Td (earlier ) Tj ET Q q 0 0 0 rg BT 84.62 520.65 Td (termination ) Tj ET Q q 0 0 0 rg BT 128.49 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 138.37 520.65 Td (his ) Tj ET Q q 0 0 0 rg BT 151.26 520.65 Td (or ) Tj ET Q q 0 0 0 rg BT 161.14 520.65 Td (her ) Tj ET Q q 0 0 0 rg BT 175.01 520.65 Td (term ) Tj ET Q q 0 0 0 rg BT 193.89 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 203.77 520.65 Td (of) Tj ET Q q 0 0 0 rg BT 211.10 520.65 Td (fice. ) Tj ET Q q 0 0 0 rg BT 228.69 520.65 Td (All ) Tj ET Q q 0 0 0 rg BT 242.58 520.65 Td (directors ) Tj ET Q q 0 0 0 rg BT 276.45 520.65 Td (whose ) Tj ET Q q 0 0 0 rg BT 301.83 520.65 Td (term ) Tj ET Q q 0 0 0 rg BT 320.70 520.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 349.07 520.65 Td (are ) Tj ET Q q 0 0 0 rg BT 362.44 520.65 Td (eligible ) Tj ET Q q 0 0 0 rg BT 391.82 520.65 Td (for ) Tj ET Q q 0 0 0 rg BT 404.69 520.65 Td (re-election. ) Tj ET Q q 0 0 0 rg BT 447.80 520.65 Td (Of) Tj ET Q q 0 0 0 rg BT 457.14 520.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 479.50 520.65 Td (are ) Tj ET Q q 0 0 0 rg BT 492.87 520.65 Td (appointed ) Tj ET Q q 0 0 0 rg BT 530.75 520.65 Td (from ) Tj ET Q q 0 0 0 rg BT 550.62 520.65 Td (time ) Tj ET Q q 0 0 0 rg BT 569.00 520.65 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.85 Td (time ) Tj ET Q q 0 0 0 rg BT 54.25 509.85 Td (by ) Tj ET Q q 0 0 0 rg BT 65.50 509.85 Td (our ) Tj ET Q q 0 0 0 rg BT 79.74 509.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 103.99 509.85 Td (of ) Tj ET Q q 0 0 0 rg BT 113.73 509.85 Td (Directors ) Tj ET Q q 0 0 0 rg BT 149.47 509.85 Td (and ) Tj ET Q q 0 0 0 rg BT 164.72 509.85 Td (hold ) Tj ET Q q 0 0 0 rg BT 182.97 509.85 Td (of) Tj ET Q q 0 0 0 rg BT 190.30 509.85 Td (fice ) Tj ET Q q 0 0 0 rg BT 206.04 509.85 Td (until ) Tj ET Q q 0 0 0 rg BT 224.79 509.85 Td (a ) Tj ET Q q 0 0 0 rg BT 231.03 509.85 Td (successor ) Tj ET Q q 0 0 0 rg BT 267.77 509.85 Td (is ) Tj ET Q q 0 0 0 rg BT 276.02 509.85 Td (appointed ) Tj ET Q q 0 0 0 rg BT 313.77 509.85 Td (or ) Tj ET Q q 0 0 0 rg BT 323.51 509.85 Td (their ) Tj ET Q q 0 0 0 rg BT 342.25 509.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 389.50 509.85 Td (is ) Tj ET Q q 0 0 0 rg BT 397.75 509.85 Td (terminated. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 482.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.74 482.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 75.49 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.73 482.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 119.96 482.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 154.19 482.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 184.44 482.25 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.69 482.25 Td (six) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.19 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.94 482.25 Td (members, ) Tj ET Q q 0 0 0 rg BT 242.93 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.17 482.25 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.91 482.25 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.91 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.65 482.25 Td (are ) Tj ET Q q 0 0 0 rg BT 305.39 482.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 346.12 482.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 391.85 482.25 Td (according ) Tj ET Q q 0 0 0 rg BT 429.08 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.82 482.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 456.57 482.25 Td (10A-3 ) Tj ET Q q 0 0 0 rg BT 481.31 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.56 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.30 482.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 540.54 482.25 Td (Exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 471.45 Td (Commission ) Tj ET Q q 0 0 0 rg BT 83.26 471.45 Td (Act ) Tj ET Q q 0 0 0 rg BT 98.51 471.45 Td (of ) Tj ET Q q 0 0 0 rg BT 108.25 471.45 Td (1934, ) Tj ET Q q 0 0 0 rg BT 130.75 471.45 Td (as ) Tj ET Q q 0 0 0 rg BT 140.50 471.45 Td (amended: ) Tj ET Q q 0 0 0 rg BT 177.74 471.45 Td (Mrs.Kate ) Tj ET Q q 0 0 0 rg BT 215.98 471.45 Td (Blankenship, ) Tj ET Q q 0 0 0 rg BT 265.47 471.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 275.98 471.45 Td (. ) Tj ET Q q 0 0 0 rg BT 280.48 471.45 Td (Paul ) Tj ET Q q 0 0 0 rg BT 298.73 471.45 Td (Leand ) Tj ET Q q 0 0 0 rg BT 323.46 471.45 Td (Jr) Tj ET Q q 0 0 0 rg BT 329.60 471.45 Td (, ) Tj ET Q q 0 0 0 rg BT 334.10 471.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 344.61 471.45 Td (. ) Tj ET Q q 0 0 0 rg BT 349.11 471.45 Td (Hunter ) Tj ET Q q 0 0 0 rg BT 376.35 471.45 Td (Cochrane ) Tj ET Q q 0 0 0 rg BT 413.08 471.45 Td (and ) Tj ET Q q 0 0 0 rg BT 428.33 471.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 438.83 471.45 Td (. ) Tj ET Q q 0 0 0 rg BT 443.33 471.45 Td (Bote ) Tj ET Q q 0 0 0 rg BT 462.58 471.45 Td (de ) Tj ET Q q 0 0 0 rg BT 473.16 471.45 Td (V) Tj ET Q q 0 0 0 rg BT 479.12 471.45 Td (ries.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.85 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 443.85 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 443.85 Td (do ) Tj ET Q q 0 0 0 rg BT 61.27 443.85 Td (not ) Tj ET Q q 0 0 0 rg BT 75.02 443.85 Td (maintain ) Tj ET Q q 0 0 0 rg BT 108.76 443.85 Td (service ) Tj ET Q q 0 0 0 rg BT 136.49 443.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 171.23 443.85 Td (with ) Tj ET Q q 0 0 0 rg BT 189.48 443.85 Td (any ) Tj ET Q q 0 0 0 rg BT 204.72 443.85 Td (of ) Tj ET Q q 0 0 0 rg BT 214.47 443.85 Td (our ) Tj ET Q q 0 0 0 rg BT 228.72 443.85 Td (directors ) Tj ET Q q 0 0 0 rg BT 262.45 443.85 Td (providing ) Tj ET Q q 0 0 0 rg BT 299.70 443.85 Td (for ) Tj ET Q q 0 0 0 rg BT 312.45 443.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 343.19 443.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 363.44 443.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 407.18 443.85 Td (of ) Tj ET Q q 0 0 0 rg BT 416.92 443.85 Td (employment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.91 443.85 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 416.25 Td (Committees of the Board of Directors) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 402.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.07 402.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.13 402.45 Td (of ) Tj ET Q q 0 0 0 rg BT 85.70 402.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 121.26 402.45 Td (has ) Tj ET Q q 0 0 0 rg BT 135.33 402.45 Td (established ) Tj ET Q q 0 0 0 rg BT 177.39 402.45 Td (an ) Tj ET Q q 0 0 0 rg BT 187.95 402.45 Td (audit ) Tj ET Q q 0 0 0 rg BT 208.02 402.45 Td (committee ) Tj ET Q q 0 0 0 rg BT 248.08 402.45 Td (that ) Tj ET Q q 0 0 0 rg BT 263.64 402.45 Td (consists ) Tj ET Q q 0 0 0 rg BT 294.22 402.45 Td (of ) Tj ET Q q 0 0 0 rg BT 303.78 402.45 Td (one ) Tj ET Q q 0 0 0 rg BT 318.85 402.45 Td (director) Tj ET Q q 0 0 0 rg BT 346.47 402.45 Td (, ) Tj ET Q q 0 0 0 rg BT 350.79 402.45 Td (Mrs.Kate ) Tj ET Q q 0 0 0 rg BT 388.86 402.45 Td (Blankenship. ) Tj ET Q q 0 0 0 rg BT 438.17 402.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 454.24 402.45 Td (audit ) Tj ET Q q 0 0 0 rg BT 474.31 402.45 Td (committee ) Tj ET Q q 0 0 0 rg BT 514.36 402.45 Td (is ) Tj ET Q q 0 0 0 rg BT 522.44 402.45 Td (responsible ) Tj ET Q q 0 0 0 rg BT 565.50 402.45 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 391.65 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 68.82 391.65 Td (that ) Tj ET Q q 0 0 0 rg BT 84.14 391.65 Td (we ) Tj ET Q q 0 0 0 rg BT 96.46 391.65 Td (have ) Tj ET Q q 0 0 0 rg BT 115.27 391.65 Td (an ) Tj ET Q q 0 0 0 rg BT 125.59 391.65 Td (independent ) Tj ET Q q 0 0 0 rg BT 171.40 391.65 Td (and ) Tj ET Q q 0 0 0 rg BT 186.22 391.65 Td (ef) Tj ET Q q 0 0 0 rg BT 193.05 391.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 219.36 391.65 Td (internal ) Tj ET Q q 0 0 0 rg BT 248.67 391.65 Td (and ) Tj ET Q q 0 0 0 rg BT 263.49 391.65 Td (external ) Tj ET Q q 0 0 0 rg BT 294.29 391.65 Td (audit ) Tj ET Q q 0 0 0 rg BT 314.12 391.65 Td (system. ) Tj ET Q q 0 0 0 rg BT 342.79 391.65 Td (Additionally) Tj ET Q q 0 0 0 rg BT 387.70 391.65 Td (, ) Tj ET Q q 0 0 0 rg BT 391.77 391.65 Td (the ) Tj ET Q q 0 0 0 rg BT 404.59 391.65 Td (audit ) Tj ET Q q 0 0 0 rg BT 424.41 391.65 Td (committee ) Tj ET Q q 0 0 0 rg BT 464.23 391.65 Td (supports ) Tj ET Q q 0 0 0 rg BT 496.55 391.65 Td (the ) Tj ET Q q 0 0 0 rg BT 509.37 391.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 533.19 391.65 Td (of ) Tj ET Q q 0 0 0 rg BT 542.51 391.65 Td (Directors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.85 Td (in ) Tj ET Q q 0 0 0 rg BT 44.16 380.85 Td (the ) Tj ET Q q 0 0 0 rg BT 56.31 380.85 Td (administration ) Tj ET Q q 0 0 0 rg BT 109.46 380.85 Td (and ) Tj ET Q q 0 0 0 rg BT 123.61 380.85 Td (exercise ) Tj ET Q q 0 0 0 rg BT 154.25 380.85 Td (of ) Tj ET Q q 0 0 0 rg BT 162.91 380.85 Td (its ) Tj ET Q q 0 0 0 rg BT 172.57 380.85 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 222.73 380.85 Td (for ) Tj ET Q q 0 0 0 rg BT 234.38 380.85 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 277.53 380.85 Td (oversight ) Tj ET Q q 0 0 0 rg BT 312.18 380.85 Td (of ) Tj ET Q q 0 0 0 rg BT 320.84 380.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.48 380.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 387.63 380.85 Td (and ) Tj ET Q q 0 0 0 rg BT 401.78 380.85 Td (internal ) Tj ET Q q 0 0 0 rg BT 430.43 380.85 Td (control ) Tj ET Q q 0 0 0 rg BT 457.08 380.85 Td (matters ) Tj ET Q q 0 0 0 rg BT 484.73 380.85 Td (and ) Tj ET Q q 0 0 0 rg BT 498.88 380.85 Td (maintains ) Tj ET Q q 0 0 0 rg BT 535.03 380.85 Td (appropriate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 370.05 Td (relationships ) Tj ET Q q 0 0 0 rg BT 84.38 370.05 Td (with ) Tj ET Q q 0 0 0 rg BT 102.76 370.05 Td (our ) Tj ET Q q 0 0 0 rg BT 117.14 370.05 Td (auditors. ) Tj ET Q q 0 0 0 rg BT 150.76 370.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 167.14 370.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 191.52 370.05 Td (of ) Tj ET Q q 0 0 0 rg BT 201.40 370.05 Td (Directors ) Tj ET Q q 0 0 0 rg BT 237.27 370.05 Td (has ) Tj ET Q q 0 0 0 rg BT 251.64 370.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 294.51 370.05 Td (that ) Tj ET Q q 0 0 0 rg BT 310.39 370.05 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 329.52 370.05 Td (Blankenship ) Tj ET Q q 0 0 0 rg BT 376.90 370.05 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 410.27 370.05 Td (as ) Tj ET Q q 0 0 0 rg BT 420.15 370.05 Td (independent ) Tj ET Q q 0 0 0 rg BT 474.50 370.05 Td (under ) Tj ET Q q 0 0 0 rg BT 497.38 370.05 Td (Rule ) Tj ET Q q 0 0 0 rg BT 516.76 370.05 Td (10A-3 ) Tj ET Q q 0 0 0 rg BT 542.14 370.05 Td (under ) Tj ET Q q 0 0 0 rg BT 565.01 370.05 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 359.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 73.23 359.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 90.73 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.97 359.25 Td (as ) Tj ET Q q 0 0 0 rg BT 115.72 359.25 Td (an ) Tj ET Q q 0 0 0 rg BT 126.47 359.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 150.71 359.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 190.94 359.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.67 359.25 Td (expert ) Tj ET Q q 0 0 0 rg BT 253.41 359.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.15 359.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 300.40 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.14 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.39 359.25 Td (Commission's ) Tj ET Q q 0 0 0 rg BT 376.27 359.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 396.02 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.26 359.25 Td (regulations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.84 331.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 75.67 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 85.01 331.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 120.34 331.65 Td (has ) Tj ET Q q 0 0 0 rg BT 134.17 331.65 Td (also ) Tj ET Q q 0 0 0 rg BT 150.51 331.65 Td (established ) Tj ET Q q 0 0 0 rg BT 192.34 331.65 Td (a ) Tj ET Q q 0 0 0 rg BT 198.18 331.65 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 231.01 331.65 Td (committee ) Tj ET Q q 0 0 0 rg BT 270.83 331.65 Td (composed ) Tj ET Q q 0 0 0 rg BT 309.17 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 318.50 331.65 Td (at ) Tj ET Q q 0 0 0 rg BT 326.84 331.65 Td (least ) Tj ET Q q 0 0 0 rg BT 345.17 331.65 Td (two ) Tj ET Q q 0 0 0 rg BT 360.51 331.65 Td (members ) Tj ET Q q 0 0 0 rg BT 395.34 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 404.68 331.65 Td (our ) Tj ET Q q 0 0 0 rg BT 418.52 331.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 442.35 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 451.69 331.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 487.02 331.65 Td (to ) Tj ET Q q 0 0 0 rg BT 495.86 331.65 Td (review ) Tj ET Q q 0 0 0 rg BT 522.18 331.65 Td (all ) Tj ET Q q 0 0 0 rg BT 533.02 331.65 Td (transactions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.85 Td (that ) Tj ET Q q 0 0 0 rg BT 51.46 320.85 Td (the ) Tj ET Q q 0 0 0 rg BT 64.42 320.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 88.38 320.85 Td (of ) Tj ET Q q 0 0 0 rg BT 97.84 320.85 Td (Directors ) Tj ET Q q 0 0 0 rg BT 133.30 320.85 Td (believes ) Tj ET Q q 0 0 0 rg BT 164.75 320.85 Td (may ) Tj ET Q q 0 0 0 rg BT 182.21 320.85 Td (involve ) Tj ET Q q 0 0 0 rg BT 211.17 320.85 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 244.13 320.85 Td (of ) Tj ET Q q 0 0 0 rg BT 253.59 320.85 Td (interest, ) Tj ET Q q 0 0 0 rg BT 284.29 320.85 Td (including ) Tj ET Q q 0 0 0 rg BT 320.25 320.85 Td (without ) Tj ET Q q 0 0 0 rg BT 349.72 320.85 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 388.93 320.85 Td (the ) Tj ET Q q 0 0 0 rg BT 401.89 320.85 Td (exercise ) Tj ET Q q 0 0 0 rg BT 433.34 320.85 Td (of ) Tj ET Q q 0 0 0 rg BT 442.80 320.85 Td (the ) Tj ET Q q 0 0 0 rg BT 455.76 320.85 Td (right ) Tj ET Q q 0 0 0 rg BT 474.72 320.85 Td (of ) Tj ET Q q 0 0 0 rg BT 484.19 320.85 Td (first ) Tj ET Q q 0 0 0 rg BT 500.65 320.85 Td (refusal ) Tj ET Q q 0 0 0 rg BT 527.10 320.85 Td (or ) Tj ET Q q 0 0 0 rg BT 536.56 320.85 Td (any ) Tj ET Q q 0 0 0 rg BT 551.52 320.85 Td (waiver ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 310.05 Td (of ) Tj ET Q q 0 0 0 rg BT 45.70 310.05 Td (rights ) Tj ET Q q 0 0 0 rg BT 68.41 310.05 Td (under ) Tj ET Q q 0 0 0 rg BT 91.10 310.05 Td (the ) Tj ET Q q 0 0 0 rg BT 104.30 310.05 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 150.51 310.05 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 194.95 310.05 Td (and ) Tj ET Q q 0 0 0 rg BT 210.15 310.05 Td (will ) Tj ET Q q 0 0 0 rg BT 226.36 310.05 Td (determine ) Tj ET Q q 0 0 0 rg BT 264.54 310.05 Td (if ) Tj ET Q q 0 0 0 rg BT 272.25 310.05 Td (such ) Tj ET Q q 0 0 0 rg BT 290.95 310.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 332.64 310.05 Td (and ) Tj ET Q q 0 0 0 rg BT 347.84 310.05 Td (the ) Tj ET Q q 0 0 0 rg BT 361.04 310.05 Td (resolution ) Tj ET Q q 0 0 0 rg BT 399.24 310.05 Td (of ) Tj ET Q q 0 0 0 rg BT 408.94 310.05 Td (the ) Tj ET Q q 0 0 0 rg BT 422.14 310.05 Td (conflict ) Tj ET Q q 0 0 0 rg BT 451.83 310.05 Td (of ) Tj ET Q q 0 0 0 rg BT 461.54 310.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 490.23 310.05 Td (is ) Tj ET Q q 0 0 0 rg BT 498.44 310.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.13 310.05 Td (and ) Tj ET Q q 0 0 0 rg BT 528.33 310.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 569.02 310.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 299.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 47.95 299.25 Td (At ) Tj ET Q q 0 0 0 rg BT 59.14 299.25 Td (least ) Tj ET Q q 0 0 0 rg BT 77.82 299.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 96.50 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.18 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.36 299.25 Td (members ) Tj ET Q q 0 0 0 rg BT 154.53 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.21 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.39 299.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 210.57 299.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 250.74 299.25 Td (may ) Tj ET Q q 0 0 0 rg BT 268.42 299.25 Td (not ) Tj ET Q q 0 0 0 rg BT 282.10 299.25 Td (be ) Tj ET Q q 0 0 0 rg BT 292.78 299.25 Td (of) Tj ET Q q 0 0 0 rg BT 300.11 299.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 322.28 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 331.96 299.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 372.64 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.32 299.25 Td (us ) Tj ET Q q 0 0 0 rg BT 392.50 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 402.18 299.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 438.11 299.25 Td (of) Tj ET Q q 0 0 0 rg BT 445.44 299.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 467.61 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.29 299.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 517.96 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.64 299.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 557.82 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 567.50 299.25 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 288.45 Td (af) Tj ET Q q 0 0 0 rg BT 42.83 288.45 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 70.96 288.45 Td (Any ) Tj ET Q q 0 0 0 rg BT 88.25 288.45 Td (matters ) Tj ET Q q 0 0 0 rg BT 116.53 288.45 Td (approved ) Tj ET Q q 0 0 0 rg BT 151.81 288.45 Td (by ) Tj ET Q q 0 0 0 rg BT 162.60 288.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.38 288.45 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 208.16 288.45 Td (committee ) Tj ET Q q 0 0 0 rg BT 247.94 288.45 Td (will ) Tj ET Q q 0 0 0 rg BT 263.73 288.45 Td (be ) Tj ET Q q 0 0 0 rg BT 274.01 288.45 Td (conclusively ) Tj ET Q q 0 0 0 rg BT 321.29 288.45 Td (deemed ) Tj ET Q q 0 0 0 rg BT 351.06 288.45 Td (to ) Tj ET Q q 0 0 0 rg BT 359.85 288.45 Td (be ) Tj ET Q q 0 0 0 rg BT 370.14 288.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 384.42 288.45 Td (and ) Tj ET Q q 0 0 0 rg BT 399.20 288.45 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 439.47 288.45 Td (to ) Tj ET Q q 0 0 0 rg BT 448.26 288.45 Td (us, ) Tj ET Q q 0 0 0 rg BT 460.30 288.45 Td (and ) Tj ET Q q 0 0 0 rg BT 475.09 288.45 Td (not ) Tj ET Q q 0 0 0 rg BT 488.38 288.45 Td (a ) Tj ET Q q 0 0 0 rg BT 494.16 288.45 Td (breach ) Tj ET Q q 0 0 0 rg BT 519.93 288.45 Td (by ) Tj ET Q q 0 0 0 rg BT 530.72 288.45 Td (our ) Tj ET Q q 0 0 0 rg BT 544.51 288.45 Td (directors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.65 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 277.65 Td (any ) Tj ET Q q 0 0 0 rg BT 60.99 277.65 Td (duties ) Tj ET Q q 0 0 0 rg BT 84.74 277.65 Td (any ) Tj ET Q q 0 0 0 rg BT 99.98 277.65 Td (of ) Tj ET Q q 0 0 0 rg BT 109.73 277.65 Td (them ) Tj ET Q q 0 0 0 rg BT 129.98 277.65 Td (may ) Tj ET Q q 0 0 0 rg BT 147.72 277.65 Td (owe ) Tj ET Q q 0 0 0 rg BT 164.97 277.65 Td (us ) Tj ET Q q 0 0 0 rg BT 175.22 277.65 Td (or ) Tj ET Q q 0 0 0 rg BT 184.97 277.65 Td (our ) Tj ET Q q 0 0 0 rg BT 199.21 277.65 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 249.03 277.65 Td (The ) Tj ET Q q 0 0 0 rg BT 265.28 277.65 Td (current ) Tj ET Q q 0 0 0 rg BT 293.01 277.65 Td (members ) Tj ET Q q 0 0 0 rg BT 328.25 277.65 Td (of ) Tj ET Q q 0 0 0 rg BT 338.00 277.65 Td (the ) Tj ET Q q 0 0 0 rg BT 351.24 277.65 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 384.48 277.65 Td (committee ) Tj ET Q q 0 0 0 rg BT 424.72 277.65 Td (are ) Tj ET Q q 0 0 0 rg BT 437.95 277.65 Td (Mr ) Tj ET Q q 0 0 0 rg BT 451.20 277.65 Td (de ) Tj ET Q q 0 0 0 rg BT 461.79 277.65 Td (V) Tj ET Q q 0 0 0 rg BT 467.75 277.65 Td (ries ) Tj ET Q q 0 0 0 rg BT 482.99 277.65 Td (and ) Tj ET Q q 0 0 0 rg BT 498.23 277.65 Td (Mr ) Tj ET Q q 0 0 0 rg BT 511.48 277.65 Td (Cochrane.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.25 250.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.49 250.05 Td (of ) Tj ET Q q 0 0 0 rg BT 86.24 250.05 Td (Directors ) Tj ET Q q 0 0 0 rg BT 121.97 250.05 Td (may) Tj ET Q q 0 0 0 rg BT 136.89 250.05 Td (, ) Tj ET Q q 0 0 0 rg BT 141.39 250.05 Td (in ) Tj ET Q q 0 0 0 rg BT 150.64 250.05 Td (the ) Tj ET Q q 0 0 0 rg BT 163.88 250.05 Td (future, ) Tj ET Q q 0 0 0 rg BT 189.87 250.05 Td (establish ) Tj ET Q q 0 0 0 rg BT 223.62 250.05 Td (such ) Tj ET Q q 0 0 0 rg BT 242.36 250.05 Td (other ) Tj ET Q q 0 0 0 rg BT 263.10 250.05 Td (committees ) Tj ET Q q 0 0 0 rg BT 306.84 250.05 Td (as ) Tj ET Q q 0 0 0 rg BT 316.59 250.05 Td (it ) Tj ET Q q 0 0 0 rg BT 323.84 250.05 Td (determines ) Tj ET Q q 0 0 0 rg BT 365.58 250.05 Td (from ) Tj ET Q q 0 0 0 rg BT 385.32 250.05 Td (time ) Tj ET Q q 0 0 0 rg BT 403.57 250.05 Td (to ) Tj ET Q q 0 0 0 rg BT 412.82 250.05 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 221.25 Td (Employees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.45 Td (As ) Tj ET Q q 0 0 0 rg BT 48.47 207.45 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.44 207.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.39 207.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.39 207.45 Td (, ) Tj ET Q q 0 0 0 rg BT 134.11 207.45 Td (we ) Tj ET Q q 0 0 0 rg BT 147.07 207.45 Td (employed ) Tj ET Q q 0 0 0 rg BT 185.03 207.45 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.49 207.45 Td (1,082) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.74 207.45 Td ( ) Tj ET Q q 0 0 0 rg BT 262.21 207.45 Td (people, ) Tj ET Q q 0 0 0 rg BT 290.92 207.45 Td (including ) Tj ET Q q 0 0 0 rg BT 327.38 207.45 Td (contracted ) Tj ET Q q 0 0 0 rg BT 367.33 207.45 Td (labor) Tj ET Q q 0 0 0 rg BT 385.46 207.45 Td (, ) Tj ET Q q 0 0 0 rg BT 390.18 207.45 Td (in ) Tj ET Q q 0 0 0 rg BT 399.66 207.45 Td (our ) Tj ET Q q 0 0 0 rg BT 414.12 207.45 Td (of) Tj ET Q q 0 0 0 rg BT 421.46 207.45 Td (fices ) Tj ET Q q 0 0 0 rg BT 440.92 207.45 Td (in ) Tj ET Q q 0 0 0 rg BT 450.39 207.45 Td (Stavanger) Tj ET Q q 0 0 0 rg BT 486.02 207.45 Td (, ) Tj ET Q q 0 0 0 rg BT 490.74 207.45 Td (Oslo, ) Tj ET Q q 0 0 0 rg BT 512.46 207.45 Td (Ber) Tj ET Q q 0 0 0 rg BT 525.29 207.45 Td (gen, ) Tj ET Q q 0 0 0 rg BT 543.01 207.45 Td (Bermuda ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 196.65 Td (and ) Tj ET Q q 0 0 0 rg BT 50.67 196.65 Td (Aberdeen, ) Tj ET Q q 0 0 0 rg BT 90.05 196.65 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.20 196.65 Td (65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.20 196.65 Td ( ) Tj ET Q q 0 0 0 rg BT 137.35 196.65 Td (onshore ) Tj ET Q q 0 0 0 rg BT 167.99 196.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 208.63 196.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.77 196.65 Td (1,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.02 196.65 Td ( ) Tj ET Q q 0 0 0 rg BT 246.17 196.65 Td (of) Tj ET Q q 0 0 0 rg BT 253.51 196.65 Td (fshore ) Tj ET Q q 0 0 0 rg BT 278.15 196.65 Td (employees. ) Tj ET Q q 0 0 0 rg BT 321.03 196.65 Td (Some ) Tj ET Q q 0 0 0 rg BT 343.69 196.65 Td (of ) Tj ET Q q 0 0 0 rg BT 353.33 196.65 Td (our ) Tj ET Q q 0 0 0 rg BT 367.48 196.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 408.12 196.65 Td (and ) Tj ET Q q 0 0 0 rg BT 423.26 196.65 Td (our ) Tj ET Q q 0 0 0 rg BT 437.41 196.65 Td (contracted ) Tj ET Q q 0 0 0 rg BT 477.03 196.65 Td (labor) Tj ET Q q 0 0 0 rg BT 495.17 196.65 Td (, ) Tj ET Q q 0 0 0 rg BT 499.57 196.65 Td (who ) Tj ET Q q 0 0 0 rg BT 517.22 196.65 Td (work ) Tj ET Q q 0 0 0 rg BT 537.86 196.65 Td (in ) Tj ET Q q 0 0 0 rg BT 547.01 196.65 Td (Norway ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 185.85 Td (and ) Tj ET Q q 0 0 0 rg BT 51.78 185.85 Td (the ) Tj ET Q q 0 0 0 rg BT 65.56 185.85 Td (United ) Tj ET Q q 0 0 0 rg BT 92.83 185.85 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 131.87 185.85 Td (are ) Tj ET Q q 0 0 0 rg BT 145.64 185.85 Td (represented ) Tj ET Q q 0 0 0 rg BT 189.89 185.85 Td (by ) Tj ET Q q 0 0 0 rg BT 201.68 185.85 Td (collective ) Tj ET Q q 0 0 0 rg BT 239.44 185.85 Td (bar) Tj ET Q q 0 0 0 rg BT 250.77 185.85 Td (gaining ) Tj ET Q q 0 0 0 rg BT 280.55 185.85 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 325.94 185.85 Td (As ) Tj ET Q q 0 0 0 rg BT 338.73 185.85 Td (part ) Tj ET Q q 0 0 0 rg BT 355.50 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 365.78 185.85 Td (the ) Tj ET Q q 0 0 0 rg BT 379.56 185.85 Td (legal ) Tj ET Q q 0 0 0 rg BT 399.83 185.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 442.62 185.85 Td (in ) Tj ET Q q 0 0 0 rg BT 452.40 185.85 Td (some ) Tj ET Q q 0 0 0 rg BT 474.18 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 484.46 185.85 Td (these ) Tj ET Q q 0 0 0 rg BT 505.73 185.85 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 551.75 185.85 Td (we ) Tj ET Q q 0 0 0 rg BT 565.02 185.85 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.05 Td (required ) Tj ET Q q 0 0 0 rg BT 67.85 175.05 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 175.05 Td (contribute ) Tj ET Q q 0 0 0 rg BT 115.08 175.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 141.43 175.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 173.80 175.05 Td (to ) Tj ET Q q 0 0 0 rg BT 182.67 175.05 Td (retirement ) Tj ET Q q 0 0 0 rg BT 221.52 175.05 Td (funds ) Tj ET Q q 0 0 0 rg BT 243.39 175.05 Td (and ) Tj ET Q q 0 0 0 rg BT 258.26 175.05 Td (pension ) Tj ET Q q 0 0 0 rg BT 288.13 175.05 Td (plans ) Tj ET Q q 0 0 0 rg BT 308.99 175.05 Td (and ) Tj ET Q q 0 0 0 rg BT 323.86 175.05 Td (have ) Tj ET Q q 0 0 0 rg BT 342.72 175.05 Td (restricted ) Tj ET Q q 0 0 0 rg BT 378.07 175.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 402.94 175.05 Td (to ) Tj ET Q q 0 0 0 rg BT 411.81 175.05 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 440.69 175.05 Td (employees. ) Tj ET Q q 0 0 0 rg BT 483.29 175.05 Td (In ) Tj ET Q q 0 0 0 rg BT 492.66 175.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 526.28 175.05 Td (many ) Tj ET Q q 0 0 0 rg BT 548.14 175.05 Td (of ) Tj ET Q q 0 0 0 rg BT 557.51 175.05 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 79.81 164.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 122.14 164.25 Td (are ) Tj ET Q q 0 0 0 rg BT 135.46 164.25 Td (working ) Tj ET Q q 0 0 0 rg BT 167.79 164.25 Td (under ) Tj ET Q q 0 0 0 rg BT 190.62 164.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 233.93 164.25 Td (that ) Tj ET Q q 0 0 0 rg BT 249.76 164.25 Td (are ) Tj ET Q q 0 0 0 rg BT 263.08 164.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.90 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.24 164.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 324.06 164.25 Td (negotiation. ) Tj ET Q q 0 0 0 rg BT 368.97 164.25 Td (These ) Tj ET Q q 0 0 0 rg BT 392.79 164.25 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 439.12 164.25 Td (could ) Tj ET Q q 0 0 0 rg BT 461.45 164.25 Td (result ) Tj ET Q q 0 0 0 rg BT 483.77 164.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.11 164.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 518.43 164.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 555.76 164.25 Td (costs, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 153.45 Td (other ) Tj ET Q q 0 0 0 rg BT 56.99 153.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 93.47 153.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 113.98 153.45 Td (or ) Tj ET Q q 0 0 0 rg BT 123.97 153.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 160.45 153.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 196.94 153.45 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 239.43 153.45 Td (that ) Tj ET Q q 0 0 0 rg BT 255.43 153.45 Td (could ) Tj ET Q q 0 0 0 rg BT 277.93 153.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 314.91 153.45 Td (af) Tj ET Q q 0 0 0 rg BT 321.74 153.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 337.73 153.45 Td (our ) Tj ET Q q 0 0 0 rg BT 352.23 153.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.21 153.45 Td (performance. ) Tj ET Q q 0 0 0 rg BT 436.25 153.45 Td (W) Tj ET Q q 0 0 0 rg BT 444.03 153.45 Td (e ) Tj ET Q q 0 0 0 rg BT 450.52 153.45 Td (consider ) Tj ET Q q 0 0 0 rg BT 483.51 153.45 Td (our ) Tj ET Q q 0 0 0 rg BT 498.01 153.45 Td (relationships ) Tj ET Q q 0 0 0 rg BT 546.51 153.45 Td (with ) Tj ET Q q 0 0 0 rg BT 565.01 153.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 142.65 Td (various ) Tj ET Q q 0 0 0 rg BT 65.24 142.65 Td (unions ) Tj ET Q q 0 0 0 rg BT 92.00 142.65 Td (as ) Tj ET Q q 0 0 0 rg BT 102.24 142.65 Td (stable, ) Tj ET Q q 0 0 0 rg BT 128.23 142.65 Td (productive ) Tj ET Q q 0 0 0 rg BT 169.47 142.65 Td (and ) Tj ET Q q 0 0 0 rg BT 185.21 142.65 Td (professional. ) Tj ET Q q 0 0 0 rg BT 233.59 142.65 Td (At ) Tj ET Q q 0 0 0 rg BT 245.34 142.65 Td (present, ) Tj ET Q q 0 0 0 rg BT 276.33 142.65 Td (there ) Tj ET Q q 0 0 0 rg BT 297.07 142.65 Td (are ) Tj ET Q q 0 0 0 rg BT 310.80 142.65 Td (no ) Tj ET Q q 0 0 0 rg BT 322.55 142.65 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 354.80 142.65 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 401.54 142.65 Td (or ) Tj ET Q q 0 0 0 rg BT 411.79 142.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 456.54 142.65 Td (issues, ) Tj ET Q q 0 0 0 rg BT 483.04 142.65 Td (other ) Tj ET Q q 0 0 0 rg BT 504.28 142.65 Td (than ) Tj ET Q q 0 0 0 rg BT 522.52 142.65 Td (as ) Tj ET Q q 0 0 0 rg BT 532.77 142.65 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 569.02 142.65 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.85 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.67 131.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 59.42 131.85 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.42 131.85 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 126.17 131.85 Td (and ) Tj ET Q q 0 0 0 rg BT 141.42 131.85 Td (contingencies" ) Tj ET Q q 0 0 0 rg BT 196.82 131.85 Td (of ) Tj ET Q q 0 0 0 rg BT 206.57 131.85 Td (the ) Tj ET Q q 0 0 0 rg BT 219.81 131.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 243.06 131.85 Td (to ) Tj ET Q q 0 0 0 rg BT 252.31 131.85 Td (our ) Tj ET Q q 0 0 0 rg BT 266.56 131.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 316.31 131.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 352.05 131.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 393.79 131.85 Td (included ) Tj ET Q q 0 0 0 rg BT 427.03 131.85 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 103.05 Td (E. ) Tj ET Q q 0 0 0 rg BT 72.00 103.05 Td (Shar) Tj ET Q q 0 0 0 rg BT 92.38 103.05 Td (e ownership) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 75.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.81 75.45 Td (common ) Tj ET Q q 0 0 0 rg BT 87.12 75.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 112.42 75.45 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 157.72 75.45 Td (owned ) Tj ET Q q 0 0 0 rg BT 184.53 75.45 Td (by ) Tj ET Q q 0 0 0 rg BT 196.34 75.45 Td (our ) Tj ET Q q 0 0 0 rg BT 211.15 75.45 Td (directors ) Tj ET Q q 0 0 0 rg BT 245.45 75.45 Td (and ) Tj ET Q q 0 0 0 rg BT 261.26 75.45 Td (our ) Tj ET Q q 0 0 0 rg BT 276.08 75.45 Td (executive ) Tj ET Q q 0 0 0 rg BT 313.37 75.45 Td (of) Tj ET Q q 0 0 0 rg BT 320.70 75.45 Td (ficers ) Tj ET Q q 0 0 0 rg BT 343.51 75.45 Td (are ) Tj ET Q q 0 0 0 rg BT 357.31 75.45 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 393.62 75.45 Td (in ) Tj ET Q q 0 0 0 rg BT 403.43 75.45 Td (Item ) Tj ET Q q 0 0 0 rg BT 426.73 75.45 Td (7. ) Tj ET Q q 0 0 0 rg BT 436.30 75.45 Td (Major ) Tj ET Q q 0 0 0 rg BT 461.11 75.45 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 510.91 75.45 Td (and ) Tj ET Q q 0 0 0 rg BT 526.72 75.45 Td (Related ) Tj ET Q q 0 0 0 rg BT 557.02 75.45 Td (Party ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 64.65 Td (T) Tj ET Q q 0 0 0 rg BT 41.18 64.65 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 83.92 64.65 Td (- ) Tj ET Q q 0 0 0 rg BT 88.67 64.65 Td (A. ) Tj ET Q q 0 0 0 rg BT 99.67 64.65 Td (Major ) Tj ET Q q 0 0 0 rg BT 123.91 64.65 Td (Shareholders.) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (50) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (Equity Compensation Plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (On ) Tj ET Q q 0 0 0 rg BT 49.13 736.15 Td (February14, ) Tj ET Q q 0 0 0 rg BT 97.25 736.15 Td (201) Tj ET Q q 0 0 0 rg BT 110.42 736.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 119.30 736.15 Td (our ) Tj ET Q q 0 0 0 rg BT 133.42 736.15 Td (Board ) Tj ET Q q 0 0 0 rg BT 157.55 736.15 Td (of ) Tj ET Q q 0 0 0 rg BT 167.18 736.15 Td (Directors ) Tj ET Q q 0 0 0 rg BT 202.79 736.15 Td (resolved ) Tj ET Q q 0 0 0 rg BT 235.41 736.15 Td (to ) Tj ET Q q 0 0 0 rg BT 244.54 736.15 Td (establish ) Tj ET Q q 0 0 0 rg BT 278.17 736.15 Td (a ) Tj ET Q q 0 0 0 rg BT 284.29 736.15 Td (share ) Tj ET Q q 0 0 0 rg BT 305.41 736.15 Td (option ) Tj ET Q q 0 0 0 rg BT 330.54 736.15 Td (based ) Tj ET Q q 0 0 0 rg BT 353.17 736.15 Td (incentive ) Tj ET Q q 0 0 0 rg BT 388.28 736.15 Td (plan ) Tj ET Q q 0 0 0 rg BT 405.91 736.15 Td (for ) Tj ET Q q 0 0 0 rg BT 418.53 736.15 Td (our ) Tj ET Q q 0 0 0 rg BT 432.66 736.15 Td (employees ) Tj ET Q q 0 0 0 rg BT 473.28 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 488.40 736.15 Td (directors, ) Tj ET Q q 0 0 0 rg BT 524.27 736.15 Td (approved ) Tj ET Q q 0 0 0 rg BT 559.89 736.15 Td (a ) Tj ET Q q 0 0 0 rg BT 566.01 736.15 Td (set ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 45.16 725.35 Td (rules ) Tj ET Q q 0 0 0 rg BT 64.32 725.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 102.96 725.35 Td (to ) Tj ET Q q 0 0 0 rg BT 111.63 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 124.29 725.35 Td (plan ) Tj ET Q q 0 0 0 rg BT 141.44 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 156.10 725.35 Td (reserved ) Tj ET Q q 0 0 0 rg BT 188.25 725.35 Td (6,000,000 ) Tj ET Q q 0 0 0 rg BT 225.91 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 235.07 725.35 Td (our ) Tj ET Q q 0 0 0 rg BT 248.73 725.35 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 290.63 725.35 Td (but ) Tj ET Q q 0 0 0 rg BT 303.79 725.35 Td (unissued ) Tj ET Q q 0 0 0 rg BT 336.95 725.35 Td (common ) Tj ET Q q 0 0 0 rg BT 370.11 725.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 394.27 725.35 Td (for ) Tj ET Q q 0 0 0 rg BT 406.43 725.35 Td (use ) Tj ET Q q 0 0 0 rg BT 420.09 725.35 Td (to ) Tj ET Q q 0 0 0 rg BT 428.75 725.35 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 453.91 725.35 Td (future ) Tj ET Q q 0 0 0 rg BT 477.06 725.35 Td (exercises ) Tj ET Q q 0 0 0 rg BT 511.71 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 520.87 725.35 Td (options ) Tj ET Q q 0 0 0 rg BT 549.04 725.35 Td (granted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (under ) Tj ET Q q 0 0 0 rg BT 58.74 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 71.99 714.55 Td (plan.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.95 Td (As ) Tj ET Q q 0 0 0 rg BT 48.25 686.95 Td (a ) Tj ET Q q 0 0 0 rg BT 54.50 686.95 Td (result ) Tj ET Q q 0 0 0 rg BT 76.74 686.95 Td (of ) Tj ET Q q 0 0 0 rg BT 86.49 686.95 Td (the ) Tj ET Q q 0 0 0 rg BT 99.73 686.95 Td (1-for) Tj ET Q q 0 0 0 rg BT 117.54 686.95 Td (-10 ) Tj ET Q q 0 0 0 rg BT 131.79 686.95 Td (reverse ) Tj ET Q q 0 0 0 rg BT 160.02 686.95 Td (stock ) Tj ET Q q 0 0 0 rg BT 181.27 686.95 Td (split ) Tj ET Q q 0 0 0 rg BT 199.02 686.95 Td (in ) Tj ET Q q 0 0 0 rg BT 208.27 686.95 Td (December ) Tj ET Q q 0 0 0 rg BT 247.50 686.95 Td (2015, ) Tj ET Q q 0 0 0 rg BT 270.00 686.95 Td (the ) Tj ET Q q 0 0 0 rg BT 283.25 686.95 Td (number ) Tj ET Q q 0 0 0 rg BT 312.99 686.95 Td (of ) Tj ET Q q 0 0 0 rg BT 322.73 686.95 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 365.22 686.95 Td (but ) Tj ET Q q 0 0 0 rg BT 378.97 686.95 Td (unissued, ) Tj ET Q q 0 0 0 rg BT 414.97 686.95 Td (share ) Tj ET Q q 0 0 0 rg BT 436.21 686.95 Td (options ) Tj ET Q q 0 0 0 rg BT 464.96 686.95 Td (was ) Tj ET Q q 0 0 0 rg BT 481.21 686.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 513.45 686.95 Td (to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.45 686.95 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.70 686.95 Td (600,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.95 686.95 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 659.35 Td (No ) Tj ET Q q 0 0 0 rg BT 49.25 659.35 Td (options ) Tj ET Q q 0 0 0 rg BT 78.00 659.35 Td (have, ) Tj ET Q q 0 0 0 rg BT 99.49 659.35 Td (to ) Tj ET Q q 0 0 0 rg BT 108.74 659.35 Td (date, ) Tj ET Q q 0 0 0 rg BT 128.23 659.35 Td (been ) Tj ET Q q 0 0 0 rg BT 147.47 659.35 Td (granted ) Tj ET Q q 0 0 0 rg BT 176.71 659.35 Td (under ) Tj ET Q q 0 0 0 rg BT 199.45 659.35 Td (this ) Tj ET Q q 0 0 0 rg BT 214.70 659.35 Td (plan.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 631.75 Td (Restricted Stock Units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 617.95 Td (On ) Tj ET Q q 0 0 0 rg BT 49.96 617.95 Td (November ) Tj ET Q q 0 0 0 rg BT 90.91 617.95 Td (7, ) Tj ET Q q 0 0 0 rg BT 100.63 617.95 Td (2013, ) Tj ET Q q 0 0 0 rg BT 123.84 617.95 Td (our ) Tj ET Q q 0 0 0 rg BT 138.80 617.95 Td (Board ) Tj ET Q q 0 0 0 rg BT 163.76 617.95 Td (of ) Tj ET Q q 0 0 0 rg BT 174.23 617.95 Td (the ) Tj ET Q q 0 0 0 rg BT 188.18 617.95 Td (Directors ) Tj ET Q q 0 0 0 rg BT 224.64 617.95 Td (approved ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.09 617.95 Td (278,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.34 617.95 Td ( ) Tj ET Q q 0 0 0 rg BT 293.30 617.95 Td (awards ) Tj ET Q q 0 0 0 rg BT 321.75 617.95 Td (under ) Tj ET Q q 0 0 0 rg BT 345.21 617.95 Td (North ) Tj ET Q q 0 0 0 rg BT 368.52 617.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 400.47 617.95 Td (Drilling`s ) Tj ET Q q 0 0 0 rg BT 438.43 617.95 Td (Restricted 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607.15 Td (plan. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 579.55 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.54 579.55 Td (the ) Tj ET Q q 0 0 0 rg BT 73.58 579.55 Td (terms ) Tj ET Q q 0 0 0 rg BT 95.63 579.55 Td (of ) Tj ET Q q 0 0 0 rg BT 105.17 579.55 Td (the ) Tj ET Q q 0 0 0 rg BT 118.21 579.55 Td (plan, ) Tj ET Q q 0 0 0 rg BT 138.01 579.55 Td (the ) Tj ET Q q 0 0 0 rg BT 151.05 579.55 Td (holder ) Tj ET Q q 0 0 0 rg BT 176.09 579.55 Td (of ) Tj ET Q q 0 0 0 rg BT 185.63 579.55 Td (an ) Tj ET Q q 0 0 0 rg BT 196.18 579.55 Td (award ) Tj ET Q q 0 0 0 rg BT 220.21 579.55 Td (is ) Tj ET Q q 0 0 0 rg BT 228.26 579.55 Td (entitled ) Tj ET Q q 0 0 0 rg BT 257.30 579.55 Td (to ) Tj ET Q q 0 0 0 rg BT 266.35 579.55 Td (receive ) Tj ET Q q 0 0 0 rg BT 294.37 579.55 Td (a ) Tj ET Q q 0 0 0 rg BT 300.41 579.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 326.94 579.55 Td (number ) Tj ET Q q 0 0 0 rg BT 356.48 579.55 Td (of ) Tj ET Q q 0 0 0 rg BT 366.03 579.55 Td (our ) Tj ET Q q 0 0 0 rg BT 380.07 579.55 Td (common ) Tj ET Q q 0 0 0 rg BT 413.62 579.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.16 579.55 Td (if ) Tj ET Q q 0 0 0 rg BT 445.70 579.55 Td (still ) Tj ET Q q 0 0 0 rg BT 461.25 579.55 Td (employed ) Tj ET Q q 0 0 0 rg BT 498.79 579.55 Td (at ) Tj ET Q q 0 0 0 rg BT 507.34 579.55 Td (the ) Tj ET Q q 0 0 0 rg BT 520.38 579.55 Td (end ) Tj ET Q q 0 0 0 rg BT 535.42 579.55 Td (of ) Tj ET Q q 0 0 0 rg BT 544.97 579.55 Td (the ) Tj ET Q q 0 0 0 rg BT 558.01 579.55 Td (three ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 568.75 Td (year ) Tj ET Q q 0 0 0 rg BT 54.02 568.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 82.54 568.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 112.38 568.75 Td (There ) Tj ET Q q 0 0 0 rg BT 135.90 568.75 Td (is ) Tj ET Q q 0 0 0 rg BT 144.43 568.75 Td (no ) Tj ET Q q 0 0 0 rg BT 155.96 568.75 Td (requirement ) Tj ET Q q 0 0 0 rg BT 201.97 568.75 Td (for ) Tj ET Q q 0 0 0 rg BT 215.00 568.75 Td (the ) Tj ET Q q 0 0 0 rg BT 228.52 568.75 Td (holder ) Tj ET Q q 0 0 0 rg BT 254.04 568.75 Td (to ) Tj ET Q q 0 0 0 rg BT 263.57 568.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 279.10 568.75 Td (for ) Tj ET Q q 0 0 0 rg BT 292.12 568.75 Td (the ) Tj ET Q q 0 0 0 rg BT 305.65 568.75 Td (share ) Tj ET Q q 0 0 0 rg BT 327.17 568.75 Td (on ) Tj ET Q q 0 0 0 rg BT 338.70 568.75 Td (grant ) Tj ET Q q 0 0 0 rg BT 359.72 568.75 Td (date ) Tj ET Q q 0 0 0 rg BT 377.24 568.75 Td (or ) Tj ET Q q 0 0 0 rg BT 387.27 568.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.80 568.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 436.33 568.75 Td (of ) Tj ET Q q 0 0 0 rg BT 446.35 568.75 Td (the ) Tj ET Q q 0 0 0 rg BT 459.88 568.75 Td (award. ) Tj ET Q q 0 0 0 rg BT 488.90 568.75 Td (In ) Tj ET Q q 0 0 0 rg BT 498.92 568.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 530.95 568.75 Td (the ) Tj ET Q q 0 0 0 rg BT 544.48 568.75 Td (holder ) Tj ET Q q 0 0 0 rg BT 570.00 568.75 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.95 Td (entitled ) Tj ET Q q 0 0 0 rg BT 65.24 557.95 Td (to ) Tj ET Q q 0 0 0 rg BT 74.49 557.95 Td (receive ) Tj ET Q q 0 0 0 rg BT 102.72 557.95 Td (an ) Tj ET Q q 0 0 0 rg BT 113.46 557.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.71 557.95 Td (equal ) Tj ET Q q 0 0 0 rg BT 164.45 557.95 Td (to ) Tj ET Q q 0 0 0 rg BT 173.70 557.95 Td (the ) Tj ET Q q 0 0 0 rg BT 186.94 557.95 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 219.68 557.95 Td (dividends ) Tj ET Q q 0 0 0 rg BT 256.93 557.95 Td (declared ) Tj ET Q q 0 0 0 rg BT 289.66 557.95 Td (and ) Tj ET Q q 0 0 0 rg BT 304.90 557.95 Td (paid ) Tj ET Q q 0 0 0 rg BT 322.65 557.95 Td (on ) Tj ET Q q 0 0 0 rg BT 333.90 557.95 Td (our ) Tj ET Q q 0 0 0 rg BT 348.14 557.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.88 557.95 Td (during ) Tj ET Q q 0 0 0 rg BT 398.63 557.95 Td (the ) Tj ET Q q 0 0 0 rg BT 411.88 557.95 Td (vesting ) Tj ET Q q 0 0 0 rg BT 440.13 557.95 Td (period.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 530.35 Td (As ) Tj ET Q q 0 0 0 rg BT 47.98 530.35 Td (a ) Tj ET Q q 0 0 0 rg BT 53.95 530.35 Td (result ) Tj ET Q q 0 0 0 rg BT 75.92 530.35 Td (of ) Tj ET Q q 0 0 0 rg BT 85.40 530.35 Td (the ) Tj ET Q q 0 0 0 rg BT 98.37 530.35 Td (1-for) Tj ET Q q 0 0 0 rg BT 116.18 530.35 Td (-10 ) Tj ET Q q 0 0 0 rg BT 130.16 530.35 Td (reverse ) Tj ET Q q 0 0 0 rg BT 158.12 530.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 179.09 530.35 Td (split ) Tj ET Q q 0 0 0 rg BT 196.57 530.35 Td (in ) Tj ET Q q 0 0 0 rg BT 205.55 530.35 Td (December ) Tj ET Q q 0 0 0 rg BT 244.50 530.35 Td (2015, ) Tj ET Q q 0 0 0 rg BT 266.73 530.35 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 530.35 Td (number ) Tj ET Q q 0 0 0 rg BT 309.17 530.35 Td (of ) Tj ET Q q 0 0 0 rg BT 318.65 530.35 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 341.64 530.35 Td (has ) Tj ET Q q 0 0 0 rg BT 355.61 530.35 Td (been ) Tj ET Q q 0 0 0 rg BT 374.58 530.35 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 406.55 530.35 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.52 530.35 Td (1,571,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.52 530.35 Td ( ) Tj ET Q q 0 0 0 rg BT 455.50 530.35 Td (units. ) Tj ET Q q 0 0 0 rg BT 477.09 530.35 Td (The ) Tj ET Q q 0 0 0 rg BT 493.06 530.35 Td (total ) Tj ET Q q 0 0 0 rg BT 511.03 530.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 555.01 530.35 Td (RSUs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 519.55 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 519.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.49 519.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.22 519.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.22 519.55 Td ( ) Tj ET Q q 0 0 0 rg BT 128.47 519.55 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.21 519.55 Td (174,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.46 519.55 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.95 Td (The ) Tj ET Q q 0 0 0 rg BT 52.80 491.95 Td (table ) Tj ET Q q 0 0 0 rg BT 73.09 491.95 Td (below ) Tj ET Q q 0 0 0 rg BT 97.89 491.95 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 143.68 491.95 Td (the ) Tj ET Q q 0 0 0 rg BT 157.48 491.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 202.29 491.95 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 231.33 491.95 Td (Share ) Tj ET Q q 0 0 0 rg BT 254.63 491.95 Td (Options ) Tj ET Q q 0 0 0 rg BT 285.94 491.95 Td (and ) Tj ET Q q 0 0 0 rg BT 301.74 491.95 Td (RSU's ) Tj ET Q q 0 0 0 rg BT 327.17 491.95 Td (issued ) Tj ET Q q 0 0 0 rg BT 352.48 491.95 Td (to ) Tj ET Q q 0 0 0 rg BT 362.28 491.95 Td (or ) Tj ET Q q 0 0 0 rg BT 372.59 491.95 Td (Directors ) Tj ET Q q 0 0 0 rg BT 408.88 491.95 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.68 491.95 Td (executive ) Tj ET Q q 0 0 0 rg BT 461.96 491.95 Td (of) Tj ET Q q 0 0 0 rg BT 469.30 491.95 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 494.13 491.95 Td (The ) Tj ET Q q 0 0 0 rg BT 510.93 491.95 Td (awards ) Tj ET Q q 0 0 0 rg BT 539.22 491.95 Td (have ) Tj ET Q q 0 0 0 rg BT 559.02 491.95 Td (been ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 481.15 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 68.24 481.15 Td (for ) Tj ET Q q 0 0 0 rg BT 80.99 481.15 Td (the ) Tj ET Q q 0 0 0 rg BT 94.23 481.15 Td (1 ) Tj ET Q q 0 0 0 rg BT 100.98 481.15 Td (for ) Tj ET Q q 0 0 0 rg BT 113.73 481.15 Td (10 ) Tj ET Q q 0 0 0 rg BT 124.98 481.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 146.22 481.15 Td (split.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 426.65 117.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.50 426.65 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 426.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 426.65 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 426.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 426.65 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 426.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 426.65 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 426.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 426.65 88.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 400.65 117.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.50 400.65 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 400.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 400.65 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 400.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 400.65 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 400.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 400.65 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 400.65 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 400.65 88.00 -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 153.5 453.65 m 222.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 453.65 m 226.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 453.65 m 297.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 453.65 m 301.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 453.65 m 372.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 453.65 m 376.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 453.65 m 484.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 453.65 m 488.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 453.65 m 576.5 453.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153.5 439.65 m 222.5 439.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 439.65 m 297.5 439.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 439.65 m 372.5 439.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 439.65 m 484.5 439.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 439.65 m 576.5 439.65 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 458.10 Td (Director or Key Employee) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 264.85 458.10 Td (Interest in Options and Restricted Stock Units \(RSUs\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.25 444.11 Td (Scheme) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.85 444.11 Td (Total number) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 444.11 Td (Number vested) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.15 444.11 Td (Fair ) Tj ET Q q 0 0 0 rg BT 409.73 444.11 Td (V) Tj ET Q q 0 0 0 rg BT 415.24 444.11 Td (alue at Grant Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.25 444.11 Td (V) Tj ET Q q 0 0 0 rg BT 545.75 444.11 Td (est date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 430.91 Td (Alf Ragnar Lvdal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.95 430.91 Td (RSUs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.75 430.91 Td (7,185) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 430.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 430.91 Td (96.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 430.91 Td (December 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.95 417.91 Td (RSUs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.75 417.91 Td (3,145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 417.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 417.91 Td (14.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 417.91 Td (December 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.95 404.91 Td (RSUs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 404.91 Td (28,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 404.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 404.91 Td (3.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 404.91 Td (December 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 391.91 Td (Scott McReaken) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.95 391.91 Td (RSUs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.75 391.91 Td (9,660) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 391.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 391.91 Td (3.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 391.91 Td (December 2018) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 345.55 Td (ITEM 7. ) Tj ET Q q 0 0 0 rg BT 108.00 345.55 Td (MAJOR SHAREHOLDERS ) Tj ET Q q 0 0 0 rg BT 232.46 345.55 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 283.67 345.55 Td (TED P) Tj ET Q q 0 0 0 rg BT 312.10 345.55 Td (AR) Tj ET Q q 0 0 0 rg BT 326.19 345.55 Td (TY) Tj ET Q q 0 0 0 rg BT 339.71 345.55 Td ( ) Tj ET Q q 0 0 0 rg BT 342.03 345.55 Td (TRANSACTIONS.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 316.75 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 316.75 Td (Major) Tj ET Q q 0 0 0 rg BT 99.03 316.75 Td ( shar) Tj ET Q q 0 0 0 rg BT 120.24 316.75 Td (eholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 302.95 Td (The ) Tj ET Q q 0 0 0 rg BT 51.93 302.95 Td (following ) Tj ET Q q 0 0 0 rg BT 88.88 302.95 Td (table ) Tj ET Q q 0 0 0 rg BT 108.31 302.95 Td (sets ) Tj ET Q q 0 0 0 rg BT 123.75 302.95 Td (forth ) Tj ET Q q 0 0 0 rg BT 143.19 302.95 Td (information ) Tj ET Q q 0 0 0 rg BT 187.62 302.95 Td (regarding ) Tj ET Q q 0 0 0 rg BT 224.05 302.95 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 261.47 302.95 Td (ownership ) Tj ET Q q 0 0 0 rg BT 300.90 302.95 Td (of ) Tj ET Q q 0 0 0 rg BT 310.34 302.95 Td (our ) Tj ET Q q 0 0 0 rg BT 324.28 302.95 Td (common ) Tj ET Q q 0 0 0 rg BT 357.72 302.95 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.66 302.95 Td (for ) Tj ET Q q 0 0 0 rg BT 391.10 302.95 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 401.53 302.95 Td (owners ) Tj ET Q q 0 0 0 rg BT 429.47 302.95 Td (of ) Tj ET Q q 0 0 0 rg BT 438.91 302.95 Td (more ) Tj ET Q q 0 0 0 rg BT 459.34 302.95 Td (than ) Tj ET Q q 0 0 0 rg BT 476.78 302.95 Td (five ) Tj ET Q q 0 0 0 rg BT 492.71 302.95 Td (percent ) Tj ET Q q 0 0 0 rg BT 521.14 302.95 Td (of ) Tj ET Q q 0 0 0 rg BT 530.58 302.95 Td (our ) Tj ET Q q 0 0 0 rg BT 544.52 302.95 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 57.25 292.15 Td (and ) Tj ET Q q 0 0 0 rg BT 72.49 292.15 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 85.74 292.15 Td (our ) Tj ET Q q 0 0 0 rg BT 99.98 292.15 Td (directors ) Tj ET Q q 0 0 0 rg BT 133.72 292.15 Td (and ) Tj ET Q q 0 0 0 rg BT 148.97 292.15 Td (of) Tj ET Q q 0 0 0 rg BT 156.30 292.15 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 180.79 292.15 Td (of ) Tj ET Q q 0 0 0 rg BT 190.53 292.15 Td (which ) Tj ET Q q 0 0 0 rg BT 214.78 292.15 Td (we ) Tj ET Q q 0 0 0 rg BT 227.52 292.15 Td (are ) Tj ET Q q 0 0 0 rg BT 240.76 292.15 Td (aware ) Tj ET Q q 0 0 0 rg BT 264.49 292.15 Td (as ) Tj ET Q q 0 0 0 rg BT 274.24 292.15 Td (of ) Tj ET Q q 0 0 0 rg BT 283.98 292.15 Td (the ) Tj ET Q q 0 0 0 rg BT 297.23 292.15 Td (date ) Tj ET Q q 0 0 0 rg BT 314.47 292.15 Td (of ) Tj ET Q q 0 0 0 rg BT 324.22 292.15 Td (this ) Tj ET Q q 0 0 0 rg BT 339.47 292.15 Td (annual ) Tj ET Q q 0 0 0 rg BT 365.71 292.15 Td (report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 264.65 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 264.65 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 264.65 89.00 -14.00 re f /GS0 gs BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 267.69633789062493 m 61.4912109375 267.69633789062493 l s q 0 0 0 rg BT 39.00 269.10 Td (Name) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 408.4 267.69633789062493 m 476.56796875 267.69633789062493 l s q 0 0 0 rg BT 408.40 269.10 Td (Number) Tj ET Q q 0 0 0 rg BT 440.23 269.10 Td ( of shar) Tj ET Q q 0 0 0 rg BT 469.07 269.10 Td (es) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 530.65 267.69633789062493 m 572.960546875 267.69633789062493 l s q 0 0 0 rg BT 530.65 269.10 Td (Per) Tj ET Q q 0 0 0 rg BT 543.97 269.10 Td (centage) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 39.00 261.35 60.99 -8.18 re f /GS0 gs q 0 0 0 rg BT 39.00 255.11 Td (Seadrill Limited ) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 99.99 265.43 6.82 -8.18 re f /GS0 gs BT /F1 5.85 Tf ET q 0 0 0 rg BT 99.99 259.19 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 255.11 Td (16,966,372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 255.11 Td (70.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 255.11 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 241.11 Td (All directors and executive of) Tj ET Q q 0 0 0 rg BT 145.80 241.11 Td (ficers individually) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 241.11 Td (*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 241.11 Td (*) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 209.55 Td (* ) Tj ET Q q 0 0 0 rg BT 72.00 209.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 88.25 209.55 Td (of) Tj ET Q q 0 0 0 rg BT 95.58 209.55 Td (ficers ) Tj ET Q q 0 0 0 rg BT 117.82 209.55 Td (and ) Tj ET Q q 0 0 0 rg BT 133.06 209.55 Td (directors ) Tj ET Q q 0 0 0 rg BT 166.80 209.55 Td (individually ) Tj ET Q q 0 0 0 rg BT 212.55 209.55 Td (own ) Tj ET Q q 0 0 0 rg BT 230.30 209.55 Td (less ) Tj ET Q q 0 0 0 rg BT 246.05 209.55 Td (than ) Tj ET Q q 0 0 0 rg BT 263.79 209.55 Td (1% ) Tj ET Q q 0 0 0 rg BT 278.04 209.55 Td (of ) Tj ET Q q 0 0 0 rg BT 287.78 209.55 Td (our ) Tj ET Q q 0 0 0 rg BT 302.03 209.55 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 346.28 209.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 371.02 209.55 Td (of ) Tj ET Q q 0 0 0 rg BT 380.77 209.55 Td (common ) Tj ET Q q 0 0 0 rg BT 414.51 209.55 Td (stock.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 195.75 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 195.75 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 100.75 195.75 Td (Holding ) Tj ET Q q 0 0 0 rg BT 133.02 195.75 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 166.52 195.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.28 195.75 Td (Cyprus ) Tj ET Q q 0 0 0 rg BT 202.05 195.75 Td (holding ) Tj ET Q q 0 0 0 rg BT 232.31 195.75 Td (company) Tj ET Q q 0 0 0 rg BT 264.72 195.75 Td (, ) Tj ET Q q 0 0 0 rg BT 269.73 195.75 Td (and ) Tj ET Q q 0 0 0 rg BT 285.49 195.75 Td (other ) Tj ET Q q 0 0 0 rg BT 306.74 195.75 Td (related ) Tj ET Q q 0 0 0 rg BT 333.99 195.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 375.24 195.75 Td (are ) Tj ET Q q 0 0 0 rg BT 388.99 195.75 Td (collectively ) Tj ET Q q 0 0 0 rg BT 433.73 195.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 464.97 195.75 Td (to ) Tj ET Q q 0 0 0 rg BT 474.73 195.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 499.98 195.75 Td (as ) Tj ET Q q 0 0 0 rg BT 510.24 195.75 Td (Hemen. ) Tj ET Q q 0 0 0 rg BT 541.24 195.75 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 570.00 195.75 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 184.95 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 102.49 184.95 Td (s ) Tj ET Q q 0 0 0 rg BT 107.27 184.95 Td (principal ) Tj ET Q q 0 0 0 rg BT 140.52 184.95 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 183.77 184.95 Td (and ) Tj ET Q q 0 0 0 rg BT 198.04 184.95 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 233.80 184.95 Td (holds ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.57 184.95 Td (1) Tj ET Q q 0 0 0 rg BT 258.74 184.95 Td (19,097,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.24 184.95 Td ( ) Tj ET Q q 0 0 0 rg BT 300.51 184.95 Td (of ) Tj ET Q q 0 0 0 rg BT 309.27 184.95 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 343.66 184.95 Td (common ) Tj ET Q q 0 0 0 rg BT 376.43 184.95 Td (shares, ) Tj ET Q q 0 0 0 rg BT 402.44 184.95 Td (representing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.19 184.95 Td (24.2%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.44 184.95 Td ( ) Tj ET Q q 0 0 0 rg BT 472.71 184.95 Td (of ) Tj ET Q q 0 0 0 rg BT 481.47 184.95 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 511.97 184.95 Td (s ) Tj ET Q q 0 0 0 rg BT 516.74 184.95 Td (total ) Tj ET Q q 0 0 0 rg BT 534.01 184.95 Td (outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 174.15 Td (common ) Tj ET Q q 0 0 0 rg BT 106.33 174.15 Td (shares. ) Tj ET Q q 0 0 0 rg BT 133.70 174.15 Td (These ) Tj ET Q q 0 0 0 rg BT 158.02 174.15 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.35 174.15 Td (are ) Tj ET Q q 0 0 0 rg BT 197.17 174.15 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 234.49 174.15 Td (held ) Tj ET Q q 0 0 0 rg BT 252.82 174.15 Td (in ) Tj ET Q q 0 0 0 rg BT 262.65 174.15 Td (trusts ) Tj ET Q q 0 0 0 rg BT 284.99 174.15 Td (established ) Tj ET Q q 0 0 0 rg BT 327.81 174.15 Td (by ) Tj ET Q q 0 0 0 rg BT 339.64 174.15 Td (Mr) Tj ET Q q 0 0 0 rg BT 350.15 174.15 Td (. ) Tj ET Q q 0 0 0 rg BT 355.23 174.15 Td (John ) Tj ET Q q 0 0 0 rg BT 375.07 174.15 Td (Fredriksen ) Tj ET Q q 0 0 0 rg BT 416.39 174.15 Td (for ) Tj ET Q q 0 0 0 rg BT 429.72 174.15 Td (the ) Tj ET Q q 0 0 0 rg BT 443.55 174.15 Td (benefit ) Tj ET Q q 0 0 0 rg BT 471.37 174.15 Td (of ) Tj ET Q q 0 0 0 rg BT 481.70 174.15 Td (his ) Tj ET Q q 0 0 0 rg BT 495.04 174.15 Td (immediatefamily) Tj ET Q q 0 0 0 rg BT 558.18 174.15 Td (. ) Tj ET Q q 0 0 0 rg BT 563.26 174.15 Td (Mr) Tj ET Q q 0 0 0 rg BT 573.77 174.15 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 163.35 Td (Fredriksen ) Tj ET Q q 0 0 0 rg BT 112.65 163.35 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 148.81 163.35 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 186.45 163.35 Td (ownership ) Tj ET Q q 0 0 0 rg BT 226.10 163.35 Td (of ) Tj ET Q q 0 0 0 rg BT 235.76 163.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.91 163.35 Td (1) Tj ET Q q 0 0 0 rg BT 253.08 163.35 Td (19,097,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.58 163.35 Td ( ) Tj ET Q q 0 0 0 rg BT 295.74 163.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 325.89 163.35 Td (common ) Tj ET Q q 0 0 0 rg BT 359.55 163.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 384.20 163.35 Td (held ) Tj ET Q q 0 0 0 rg BT 401.85 163.35 Td (by ) Tj ET Q q 0 0 0 rg BT 413.01 163.35 Td (Hemen, ) Tj ET Q q 0 0 0 rg BT 443.41 163.35 Td (except ) Tj ET Q q 0 0 0 rg BT 469.06 163.35 Td (to ) Tj ET Q q 0 0 0 rg BT 478.22 163.35 Td (the ) Tj ET Q q 0 0 0 rg BT 491.37 163.35 Td (extent ) Tj ET Q q 0 0 0 rg BT 515.52 163.35 Td (of ) Tj ET Q q 0 0 0 rg BT 525.18 163.35 Td (his ) Tj ET Q q 0 0 0 rg BT 537.84 163.35 Td (voting ) Tj ET Q q 0 0 0 rg BT 563.01 163.35 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 152.55 Td (dispositive ) Tj ET Q q 0 0 0 rg BT 113.06 152.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 141.62 152.55 Td (in ) Tj ET Q q 0 0 0 rg BT 150.68 152.55 Td (such ) Tj ET Q q 0 0 0 rg BT 169.24 152.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 193.79 152.55 Td (of ) Tj ET Q q 0 0 0 rg BT 203.35 152.55 Td (common ) Tj ET Q q 0 0 0 rg BT 236.91 152.55 Td (stock. ) Tj ET Q q 0 0 0 rg BT 260.22 152.55 Td (Mr) Tj ET Q q 0 0 0 rg BT 270.72 152.55 Td (. ) Tj ET Q q 0 0 0 rg BT 275.03 152.55 Td (Fredriksen ) Tj ET Q q 0 0 0 rg BT 315.59 152.55 Td (has ) Tj ET Q q 0 0 0 rg BT 329.64 152.55 Td (no ) Tj ET Q q 0 0 0 rg BT 340.71 152.55 Td (pecuniary ) Tj ET Q q 0 0 0 rg BT 378.25 152.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 406.80 152.55 Td (in ) Tj ET Q q 0 0 0 rg BT 415.86 152.55 Td (the ) Tj ET Q q 0 0 0 rg BT 428.92 152.55 Td (shares ) Tj ET Q q 0 0 0 rg BT 453.48 152.55 Td (held ) Tj ET Q q 0 0 0 rg BT 471.03 152.55 Td (by ) Tj ET Q q 0 0 0 rg BT 482.09 152.55 Td (Hemen. ) Tj ET Q q 0 0 0 rg BT 512.40 152.55 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 540.45 152.55 Td (also ) Tj ET Q q 0 0 0 rg BT 557.01 152.55 Td (owns ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 141.75 Td (168,734) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.25 141.75 Td ( ) Tj ET Q q 0 0 0 rg BT 103.71 141.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.66 141.75 Td (our ) Tj ET Q q 0 0 0 rg BT 128.12 141.75 Td (common ) Tj ET Q q 0 0 0 rg BT 162.07 141.75 Td (shares. ) Tj ET Q q 0 0 0 rg BT 189.27 141.75 Td (In ) Tj ET Q q 0 0 0 rg BT 199.22 141.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 233.43 141.75 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 261.87 141.75 Td (Holding ) Tj ET Q q 0 0 0 rg BT 293.83 141.75 Td (has ) Tj ET Q q 0 0 0 rg BT 308.29 141.75 Td (a ) Tj ET Q q 0 0 0 rg BT 314.74 141.75 Td (total ) Tj ET Q q 0 0 0 rg BT 333.19 141.75 Td (return ) Tj ET Q q 0 0 0 rg BT 357.14 141.75 Td (swap ) Tj ET Q q 0 0 0 rg BT 378.09 141.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 418.03 141.75 Td (with ) Tj ET Q q 0 0 0 rg BT 436.48 141.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 477.94 141.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 512.88 141.75 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.34 141.75 Td (353,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.59 141.75 Td ( ) Tj ET Q q 0 0 0 rg BT 554.05 141.75 Td (of ) Tj ET Q q 0 0 0 rg BT 564.00 141.75 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 130.95 Td (common ) Tj ET Q q 0 0 0 rg BT 105.75 130.95 Td (shares.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.71 103.35 Td (principal ) Tj ET Q q 0 0 0 rg BT 85.41 103.35 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 129.10 103.35 Td (has ) Tj ET Q q 0 0 0 rg BT 142.81 103.35 Td (the ) Tj ET Q q 0 0 0 rg BT 155.52 103.35 Td (same ) Tj ET Q q 0 0 0 rg BT 175.72 103.35 Td (voting ) Tj ET Q q 0 0 0 rg BT 200.43 103.35 Td (rights ) Tj ET Q q 0 0 0 rg BT 222.65 103.35 Td (as ) Tj ET Q q 0 0 0 rg BT 231.86 103.35 Td (other ) Tj ET Q q 0 0 0 rg BT 252.06 103.35 Td (holders ) Tj ET Q q 0 0 0 rg BT 280.27 103.35 Td (of ) Tj ET Q q 0 0 0 rg BT 289.48 103.35 Td (our ) Tj ET Q q 0 0 0 rg BT 303.18 103.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 327.39 103.35 Td (of ) Tj ET Q q 0 0 0 rg BT 336.60 103.35 Td (common ) Tj ET Q q 0 0 0 rg BT 369.80 103.35 Td (stock. ) Tj ET Q q 0 0 0 rg BT 392.64 103.35 Td (W) Tj ET Q q 0 0 0 rg BT 400.41 103.35 Td (e ) Tj ET Q q 0 0 0 rg BT 406.12 103.35 Td (are ) Tj ET Q q 0 0 0 rg BT 418.82 103.35 Td (not ) Tj ET Q q 0 0 0 rg BT 432.03 103.35 Td (aware ) Tj ET Q q 0 0 0 rg BT 455.22 103.35 Td (of ) Tj ET Q q 0 0 0 rg BT 464.43 103.35 Td (any ) Tj ET Q q 0 0 0 rg BT 479.14 103.35 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 529.33 103.35 Td (the ) Tj ET Q q 0 0 0 rg BT 542.03 103.35 Td (operation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 92.55 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 92.55 Td (which ) Tj ET Q q 0 0 0 rg BT 69.99 92.55 Td (may ) Tj ET Q q 0 0 0 rg BT 87.74 92.55 Td (at ) Tj ET Q q 0 0 0 rg BT 96.48 92.55 Td (a ) Tj ET Q q 0 0 0 rg BT 102.73 92.55 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 144.97 92.55 Td (date ) Tj ET Q q 0 0 0 rg BT 162.21 92.55 Td (result ) Tj ET Q q 0 0 0 rg BT 184.46 92.55 Td (in ) Tj ET Q q 0 0 0 rg BT 193.71 92.55 Td (our ) Tj ET Q q 0 0 0 rg BT 207.95 92.55 Td (change ) Tj ET Q q 0 0 0 rg BT 235.69 92.55 Td (of ) Tj ET Q q 0 0 0 rg BT 245.43 92.55 Td (control.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 749.25 Td (Related party transactions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (From ) Tj ET Q q 0 0 0 rg BT 57.65 721.65 Td (time ) Tj ET Q q 0 0 0 rg BT 75.79 721.65 Td (to ) Tj ET Q q 0 0 0 rg BT 84.94 721.65 Td (time ) Tj ET Q q 0 0 0 rg BT 103.09 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 116.23 721.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.38 721.65 Td (has ) Tj ET Q q 0 0 0 rg BT 167.52 721.65 Td (entered ) Tj ET Q q 0 0 0 rg BT 196.15 721.65 Td (into ) Tj ET Q q 0 0 0 rg BT 212.30 721.65 Td (agreements ) Tj ET Q q 0 0 0 rg BT 255.43 721.65 Td (and ) Tj ET Q q 0 0 0 rg BT 270.57 721.65 Td (has ) Tj ET Q q 0 0 0 rg BT 284.71 721.65 Td (consummated ) Tj ET Q q 0 0 0 rg BT 336.85 721.65 Td (transactions ) Tj ET Q q 0 0 0 rg BT 381.99 721.65 Td (with ) Tj ET Q q 0 0 0 rg BT 400.13 721.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 426.76 721.65 Td (related ) Tj ET Q q 0 0 0 rg BT 453.39 721.65 Td (parties, ) Tj ET Q q 0 0 0 rg BT 481.78 721.65 Td (and ) Tj ET Q q 0 0 0 rg BT 496.92 721.65 Td (may ) Tj ET Q q 0 0 0 rg BT 514.57 721.65 Td (continue ) Tj ET Q q 0 0 0 rg BT 547.71 721.65 Td (to ) Tj ET Q q 0 0 0 rg BT 556.85 721.65 Td (do ) Tj ET Q q 0 0 0 rg BT 568.00 721.65 Td (so ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 710.85 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 710.85 Td (the ) Tj ET Q q 0 0 0 rg BT 58.50 710.85 Td (future. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 697.05 Td (Included ) Tj ET Q q 0 0 0 rg BT 69.92 697.05 Td (below ) Tj ET Q q 0 0 0 rg BT 94.34 697.05 Td (is ) Tj ET Q q 0 0 0 rg BT 102.77 697.05 Td (a ) Tj ET Q q 0 0 0 rg BT 109.19 697.05 Td (summary ) Tj ET Q q 0 0 0 rg BT 145.12 697.05 Td (of ) Tj ET Q q 0 0 0 rg BT 155.04 697.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.95 697.05 Td (of ) Tj ET Q q 0 0 0 rg BT 191.88 697.05 Td (our ) Tj ET Q q 0 0 0 rg BT 206.30 697.05 Td (related ) Tj ET Q q 0 0 0 rg BT 233.21 697.05 Td (party ) Tj ET Q q 0 0 0 rg BT 254.13 697.05 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 301.26 697.05 Td (Additional ) Tj ET Q q 0 0 0 rg BT 342.19 697.05 Td (information ) Tj ET Q q 0 0 0 rg BT 387.10 697.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 424.02 697.05 Td (the ) Tj ET Q q 0 0 0 rg BT 437.44 697.05 Td (related ) Tj ET Q q 0 0 0 rg BT 464.35 697.05 Td (party ) Tj ET Q q 0 0 0 rg BT 485.27 697.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 530.69 697.05 Td (for ) Tj ET Q q 0 0 0 rg BT 543.61 697.05 Td (the ) Tj ET Q q 0 0 0 rg BT 557.03 697.05 Td (years ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 686.25 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.48 686.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.94 686.25 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.94 686.25 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.18 686.25 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.18 686.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.41 686.25 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.40 686.25 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.40 686.25 Td ( ) Tj ET Q q 0 0 0 rg BT 191.38 686.25 Td (is ) Tj ET Q q 0 0 0 rg BT 199.37 686.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 235.84 686.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.83 686.25 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.51 686.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 267.99 686.25 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.99 686.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 310.96 686.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 331.80 686.25 Td (T) Tj ET Q q 0 0 0 rg BT 336.99 686.25 Td (ransactions" ) Tj ET Q q 0 0 0 rg BT 383.13 686.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.62 686.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.60 686.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 428.58 686.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.57 686.25 Td (our ) Tj ET Q q 0 0 0 rg BT 451.56 686.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 501.04 686.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 536.52 686.25 Td (Statements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 675.45 Td (contained ) Tj ET Q q 0 0 0 rg BT 73.23 675.45 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 646.65 Td (Significant transactions with Seadrill) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.85 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 632.85 Td (e ) Tj ET Q q 0 0 0 rg BT 50.59 632.85 Td (are ) Tj ET Q q 0 0 0 rg BT 64.40 632.85 Td (a ) Tj ET Q q 0 0 0 rg BT 71.22 632.85 Td (majority ) Tj ET Q q 0 0 0 rg BT 104.54 632.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 131.36 632.85 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 171.18 632.85 Td (of ) Tj ET Q q 0 0 0 rg BT 181.50 632.85 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 214.57 632.85 Td (which ) Tj ET Q q 0 0 0 rg BT 239.39 632.85 Td (owns ) Tj ET Q q 0 0 0 rg BT 261.22 632.85 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.03 632.85 Td (70.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.27 632.85 Td ( ) Tj ET Q q 0 0 0 rg BT 342.10 632.85 Td (of ) Tj ET Q q 0 0 0 rg BT 352.42 632.85 Td (our ) Tj ET Q q 0 0 0 rg BT 367.24 632.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 412.06 632.85 Td (common ) Tj ET Q q 0 0 0 rg BT 446.39 632.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 471.70 632.85 Td (as ) Tj ET Q q 0 0 0 rg BT 482.02 632.85 Td (of ) Tj ET Q q 0 0 0 rg BT 492.34 632.85 Td (the ) Tj ET Q q 0 0 0 rg BT 506.16 632.85 Td (date ) Tj ET Q q 0 0 0 rg BT 523.98 632.85 Td (of ) Tj ET Q q 0 0 0 rg BT 534.30 632.85 Td (this ) Tj ET Q q 0 0 0 rg BT 549.51 632.85 Td (Annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.05 Td (Report. ) Tj ET Q q 0 0 0 rg BT 65.00 622.05 Td ( ) Tj ET Q q 0 0 0 rg BT 67.08 622.05 Td (The ) Tj ET Q q 0 0 0 rg BT 83.32 622.05 Td (following ) Tj ET Q q 0 0 0 rg BT 120.57 622.05 Td (is ) Tj ET Q q 0 0 0 rg BT 128.83 622.05 Td (a ) Tj ET Q q 0 0 0 rg BT 135.07 622.05 Td (summary ) Tj ET Q q 0 0 0 rg BT 170.82 622.05 Td (of ) Tj ET Q q 0 0 0 rg BT 180.56 622.05 Td (the ) Tj ET Q q 0 0 0 rg BT 193.81 622.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 234.05 622.05 Td (related ) Tj ET Q q 0 0 0 rg BT 260.78 622.05 Td (party ) Tj ET Q q 0 0 0 rg BT 281.52 622.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 324.75 622.05 Td (we ) Tj ET Q q 0 0 0 rg BT 337.50 622.05 Td (have ) Tj ET Q q 0 0 0 rg BT 356.73 622.05 Td (with ) Tj ET Q q 0 0 0 rg BT 374.99 622.05 Td (Seadrill.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 594.45 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 83.92 594.45 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 580.65 Td (At ) Tj ET Q q 0 0 0 rg BT 47.25 580.65 Td (the ) Tj ET Q q 0 0 0 rg BT 60.50 580.65 Td (closing ) Tj ET Q q 0 0 0 rg BT 88.74 580.65 Td (of ) Tj ET Q q 0 0 0 rg BT 98.49 580.65 Td (our ) Tj ET Q q 0 0 0 rg BT 112.74 580.65 Td (initial ) Tj ET Q q 0 0 0 rg BT 135.98 580.65 Td (public ) Tj ET Q q 0 0 0 rg BT 160.73 580.65 Td (of) Tj ET Q q 0 0 0 rg BT 168.06 580.65 Td (fering, ) Tj ET Q q 0 0 0 rg BT 194.05 580.65 Td (we ) Tj ET Q q 0 0 0 rg BT 206.80 580.65 Td (entered ) Tj ET Q q 0 0 0 rg BT 235.53 580.65 Td (into ) Tj ET Q q 0 0 0 rg BT 251.78 580.65 Td (a ) Tj ET Q q 0 0 0 rg BT 258.02 580.65 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 302.76 580.65 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 344.73 580.65 Td (or ) Tj ET Q q 0 0 0 rg BT 354.48 580.65 Td (the ) Tj ET Q q 0 0 0 rg BT 367.73 580.65 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 413.97 580.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 458.45 580.65 Td (with ) Tj ET Q q 0 0 0 rg BT 476.70 580.65 Td (Seadrill.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 553.05 Td (Right ) Tj ET Q q 0 0 0 rg BT 57.75 553.05 Td (of ) Tj ET Q q 0 0 0 rg BT 67.00 553.05 Td (First ) Tj ET Q q 0 0 0 rg BT 86.75 553.05 Td (Refusal ) Tj ET Q q 0 0 0 rg BT 116.00 553.05 Td (on ) Tj ET Q q 0 0 0 rg BT 127.25 553.05 Td (Business ) Tj ET Q q 0 0 0 rg BT 161.00 553.05 Td (Opportunities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 539.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.02 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 72.55 539.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 118.24 539.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 162.00 539.25 Td (we ) Tj ET Q q 0 0 0 rg BT 174.03 539.25 Td (received ) Tj ET Q q 0 0 0 rg BT 206.04 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.57 539.25 Td (right ) Tj ET Q q 0 0 0 rg BT 230.10 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.13 539.25 Td (first ) Tj ET Q q 0 0 0 rg BT 255.16 539.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 281.18 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.72 539.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 329.23 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.76 539.25 Td (any ) Tj ET Q q 0 0 0 rg BT 352.29 539.25 Td (business ) Tj ET Q q 0 0 0 rg BT 384.33 539.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 425.74 539.25 Td (, ) Tj ET Q q 0 0 0 rg BT 429.53 539.25 Td (or ) Tj ET Q q 0 0 0 rg BT 438.56 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 444.08 539.25 Td (North ) Tj ET Q q 0 0 0 rg BT 466.28 539.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 496.80 539.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 530.34 539.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 573.75 539.25 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 528.45 Td (identified ) Tj ET Q q 0 0 0 rg BT 72.83 528.45 Td (by ) Tj ET Q q 0 0 0 rg BT 84.18 528.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 114.52 528.45 Td (or ) Tj ET Q q 0 0 0 rg BT 124.36 528.45 Td (its ) Tj ET Q q 0 0 0 rg BT 135.21 528.45 Td (controlled ) Tj ET Q q 0 0 0 rg BT 174.04 528.45 Td (af) Tj ET Q q 0 0 0 rg BT 180.87 528.45 Td (filiates ) Tj ET Q q 0 0 0 rg BT 207.70 528.45 Td (for ) Tj ET Q q 0 0 0 rg BT 220.54 528.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 249.39 528.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 284.22 528.45 Td (in ) Tj ET Q q 0 0 0 rg BT 293.56 528.45 Td (the ) Tj ET Q q 0 0 0 rg BT 306.90 528.45 Td (North ) Tj ET Q q 0 0 0 rg BT 329.73 528.45 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 361.06 528.45 Td (Region, ) Tj ET Q q 0 0 0 rg BT 391.66 528.45 Td (which ) Tj ET Q q 0 0 0 rg BT 416.00 528.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 448.33 528.45 Td (only ) Tj ET Q q 0 0 0 rg BT 466.68 528.45 Td (the ) Tj ET Q q 0 0 0 rg BT 480.02 528.45 Td (territorial ) Tj ET Q q 0 0 0 rg BT 516.35 528.45 Td (waters ) Tj ET Q q 0 0 0 rg BT 542.18 528.45 Td (and ) Tj ET Q q 0 0 0 rg BT 557.52 528.45 Td (outer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 517.65 Td (continental ) Tj ET Q q 0 0 0 rg BT 78.35 517.65 Td (shelf ) Tj ET Q q 0 0 0 rg BT 98.20 517.65 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 141.56 517.65 Td (of ) Tj ET Q q 0 0 0 rg BT 151.41 517.65 Td (\(i\)Norway) Tj ET Q q 0 0 0 rg BT 190.56 517.65 Td (, ) Tj ET Q q 0 0 0 rg BT 195.17 517.65 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 221.77 517.65 Td (United ) Tj ET Q q 0 0 0 rg BT 248.63 517.65 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 287.24 517.65 Td (\(iii\)Ireland, ) Tj ET Q q 0 0 0 rg BT 333.08 517.65 Td (\(iv\)Denmark, ) Tj ET Q q 0 0 0 rg BT 386.42 517.65 Td (\(v\)the ) Tj ET Q q 0 0 0 rg BT 412.52 517.65 Td (Netherlands, ) Tj ET Q q 0 0 0 rg BT 460.61 517.65 Td (\(vi\)the ) Tj ET Q q 0 0 0 rg BT 489.21 517.65 Td (east ) Tj ET Q q 0 0 0 rg BT 505.56 517.65 Td (coast ) Tj ET Q q 0 0 0 rg BT 526.42 517.65 Td (of ) Tj ET Q q 0 0 0 rg BT 536.27 517.65 Td (Greenland, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 506.85 Td (\(vii\)Russia ) Tj ET Q q 0 0 0 rg BT 80.21 506.85 Td (\(west ) Tj ET Q q 0 0 0 rg BT 102.16 506.85 Td (of ) Tj ET Q q 0 0 0 rg BT 112.11 506.85 Td (the ) Tj ET Q q 0 0 0 rg BT 125.56 506.85 Td (island ) Tj ET Q q 0 0 0 rg BT 149.52 506.85 Td (of ) Tj ET Q q 0 0 0 rg BT 159.47 506.85 Td (Diksonskiy\), ) Tj ET Q q 0 0 0 rg BT 208.18 506.85 Td (and ) Tj ET Q q 0 0 0 rg BT 223.64 506.85 Td (\(viii\)all ) Tj ET Q q 0 0 0 rg BT 255.34 506.85 Td (countries ) Tj ET Q q 0 0 0 rg BT 290.78 506.85 Td (within ) Tj ET Q q 0 0 0 rg BT 316.24 506.85 Td (the ) Tj ET Q q 0 0 0 rg BT 329.69 506.85 Td (Baltic ) Tj ET Q q 0 0 0 rg BT 353.65 506.85 Td (Sea ) Tj ET Q q 0 0 0 rg BT 369.10 506.85 Td (and ) Tj ET Q q 0 0 0 rg BT 384.55 506.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.00 506.85 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 416.96 506.85 Td (of ) Tj ET Q q 0 0 0 rg BT 426.91 506.85 Td (Bothnia. ) Tj ET Q q 0 0 0 rg BT 459.94 506.85 Td (W) Tj ET Q q 0 0 0 rg BT 467.71 506.85 Td (e ) Tj ET Q q 0 0 0 rg BT 474.17 506.85 Td (will ) Tj ET Q q 0 0 0 rg BT 490.62 506.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 526.56 506.85 Td (have ) Tj ET Q q 0 0 0 rg BT 546.01 506.85 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 496.05 Td (thirty ) Tj ET Q q 0 0 0 rg BT 57.55 496.05 Td (\(30\)and ) Tj ET Q q 0 0 0 rg BT 89.85 496.05 Td (ninety ) Tj ET Q q 0 0 0 rg BT 114.40 496.05 Td (\(90\)days ) Tj ET Q q 0 0 0 rg BT 150.20 496.05 Td (to ) Tj ET Q q 0 0 0 rg BT 159.25 496.05 Td (either ) Tj ET Q q 0 0 0 rg BT 181.80 496.05 Td (accept ) Tj ET Q q 0 0 0 rg BT 206.83 496.05 Td (or ) Tj ET Q q 0 0 0 rg BT 216.38 496.05 Td (reject ) Tj ET Q q 0 0 0 rg BT 238.42 496.05 Td (such ) Tj ET Q q 0 0 0 rg BT 256.97 496.05 Td (opportunity) Tj ET Q q 0 0 0 rg BT 298.39 496.05 Td (. ) Tj ET Q q 0 0 0 rg BT 302.69 496.05 Td (If ) Tj ET Q q 0 0 0 rg BT 310.74 496.05 Td (we ) Tj ET Q q 0 0 0 rg BT 323.29 496.05 Td (reject ) Tj ET Q q 0 0 0 rg BT 345.33 496.05 Td (or ) Tj ET Q q 0 0 0 rg BT 354.88 496.05 Td (do ) Tj ET Q q 0 0 0 rg BT 365.94 496.05 Td (not ) Tj ET Q q 0 0 0 rg BT 379.50 496.05 Td (timely ) Tj ET Q q 0 0 0 rg BT 404.55 496.05 Td (accept ) Tj ET Q q 0 0 0 rg BT 429.58 496.05 Td (the ) Tj ET Q q 0 0 0 rg BT 442.63 496.05 Td (North ) Tj ET Q q 0 0 0 rg BT 465.23 496.05 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 496.28 496.05 Td (Business ) Tj ET Q q 0 0 0 rg BT 530.34 496.05 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 573.75 496.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.35 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 76.20 485.25 Td (its ) Tj ET Q q 0 0 0 rg BT 87.06 485.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 125.91 485.25 Td (af) Tj ET Q q 0 0 0 rg BT 132.74 485.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 159.58 485.25 Td (may ) Tj ET Q q 0 0 0 rg BT 177.44 485.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 203.79 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.14 485.25 Td (North ) Tj ET Q q 0 0 0 rg BT 239.97 485.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 271.32 485.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 305.68 485.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 349.09 485.25 Td (. ) Tj ET Q q 0 0 0 rg BT 353.70 485.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 384.05 485.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 415.90 485.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 435.25 485.25 Td (is ) Tj ET Q q 0 0 0 rg BT 443.61 485.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 479.96 485.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 514.80 485.25 Td (from ) Tj ET Q q 0 0 0 rg BT 534.65 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.00 485.25 Td (Seadrill ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 474.45 Td (af) Tj ET Q q 0 0 0 rg BT 42.83 474.45 Td (filiates ) Tj ET Q q 0 0 0 rg BT 69.57 474.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.31 474.45 Td (to ) Tj ET Q q 0 0 0 rg BT 106.56 474.45 Td (the ) Tj ET Q q 0 0 0 rg BT 119.81 474.45 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 166.05 474.45 Td (Agreement.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 446.85 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 446.85 Td (e ) Tj ET Q q 0 0 0 rg BT 49.16 446.85 Td (have ) Tj ET Q q 0 0 0 rg BT 67.55 446.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 100.94 446.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 130.33 446.85 Td (or ) Tj ET Q q 0 0 0 rg BT 139.22 446.85 Td (its ) Tj ET Q q 0 0 0 rg BT 149.12 446.85 Td (controlled ) Tj ET Q q 0 0 0 rg BT 187.00 446.85 Td (af) Tj ET Q q 0 0 0 rg BT 193.83 446.85 Td (filiates ) Tj ET Q q 0 0 0 rg BT 219.72 446.85 Td (\(other ) Tj ET Q q 0 0 0 rg BT 242.60 446.85 Td (than ) Tj ET Q q 0 0 0 rg BT 259.49 446.85 Td (us ) Tj ET Q q 0 0 0 rg BT 268.89 446.85 Td (or ) Tj ET Q q 0 0 0 rg BT 277.78 446.85 Td (our ) Tj ET Q q 0 0 0 rg BT 291.17 446.85 Td (subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 338.06 446.85 Td (with ) Tj ET Q q 0 0 0 rg BT 355.46 446.85 Td (a ) Tj ET Q q 0 0 0 rg BT 360.85 446.85 Td (right ) Tj ET Q q 0 0 0 rg BT 379.24 446.85 Td (of ) Tj ET Q q 0 0 0 rg BT 388.13 446.85 Td (first ) Tj ET Q q 0 0 0 rg BT 404.03 446.85 Td (refusal ) Tj ET Q q 0 0 0 rg BT 429.91 446.85 Td (to ) Tj ET Q q 0 0 0 rg BT 438.30 446.85 Td (participate ) Tj ET Q q 0 0 0 rg BT 477.68 446.85 Td (in ) Tj ET Q q 0 0 0 rg BT 486.07 446.85 Td (any ) Tj ET Q q 0 0 0 rg BT 500.46 446.85 Td (business ) Tj ET Q q 0 0 0 rg BT 532.36 446.85 Td (opportunity) Tj ET Q q 0 0 0 rg BT 573.78 446.85 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 436.05 Td (or ) Tj ET Q q 0 0 0 rg BT 46.23 436.05 Td (a ) Tj ET Q q 0 0 0 rg BT 52.95 436.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 83.67 436.05 Td (Business ) Tj ET Q q 0 0 0 rg BT 118.41 436.05 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 161.82 436.05 Td (, ) Tj ET Q q 0 0 0 rg BT 166.80 436.05 Td (identified ) Tj ET Q q 0 0 0 rg BT 204.02 436.05 Td (by ) Tj ET Q q 0 0 0 rg BT 215.75 436.05 Td (us ) Tj ET Q q 0 0 0 rg BT 226.48 436.05 Td (for ) Tj ET Q q 0 0 0 rg BT 239.70 436.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 268.93 436.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 304.15 436.05 Td (outside ) Tj ET Q q 0 0 0 rg BT 332.87 436.05 Td (of ) Tj ET Q q 0 0 0 rg BT 343.10 436.05 Td (the ) Tj ET Q q 0 0 0 rg BT 356.82 436.05 Td (North ) Tj ET Q q 0 0 0 rg BT 379.95 436.05 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 411.67 436.05 Td (Region. ) Tj ET Q q 0 0 0 rg BT 442.64 436.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 473.37 436.05 Td (will ) Tj ET Q q 0 0 0 rg BT 490.10 436.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 526.31 436.05 Td (have ) Tj ET Q q 0 0 0 rg BT 546.02 436.05 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (thirty ) Tj ET Q q 0 0 0 rg BT 57.33 425.25 Td (\(30\)and ) Tj ET Q q 0 0 0 rg BT 89.40 425.25 Td (ninety ) Tj ET Q q 0 0 0 rg BT 113.73 425.25 Td (\(90\)days ) Tj ET Q q 0 0 0 rg BT 149.30 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.14 425.25 Td (either ) Tj ET Q q 0 0 0 rg BT 180.46 425.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 205.27 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 214.60 425.25 Td (reject ) Tj ET Q q 0 0 0 rg BT 236.41 425.25 Td (such ) Tj ET Q q 0 0 0 rg BT 254.74 425.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 296.16 425.25 Td (. ) Tj ET Q q 0 0 0 rg BT 300.24 425.25 Td (If ) Tj ET Q q 0 0 0 rg BT 308.07 425.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 337.89 425.25 Td (rejects ) Tj ET Q q 0 0 0 rg BT 363.21 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 372.54 425.25 Td (does ) Tj ET Q q 0 0 0 rg BT 390.87 425.25 Td (not ) Tj ET Q q 0 0 0 rg BT 404.20 425.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 429.03 425.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 453.84 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.67 425.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 496.49 425.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 530.33 425.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 573.75 425.25 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 414.45 Td (we ) Tj ET Q q 0 0 0 rg BT 48.74 414.45 Td (may ) Tj ET Q q 0 0 0 rg BT 66.49 414.45 Td (pursue ) Tj ET Q q 0 0 0 rg BT 92.73 414.45 Td (the ) Tj ET Q q 0 0 0 rg BT 105.98 414.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 136.22 414.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 170.48 414.45 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 213.89 414.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 386.85 Td (Conflicts ) Tj ET Q q 0 0 0 rg BT 70.75 386.85 Td (Committee) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 373.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.34 373.05 Td (the ) Tj ET Q q 0 0 0 rg BT 73.19 373.05 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 119.12 373.05 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 163.20 373.05 Td (a ) Tj ET Q q 0 0 0 rg BT 169.04 373.05 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 201.89 373.05 Td (committee ) Tj ET Q q 0 0 0 rg BT 241.72 373.05 Td (has ) Tj ET Q q 0 0 0 rg BT 255.57 373.05 Td (been ) Tj ET Q q 0 0 0 rg BT 274.41 373.05 Td (established ) Tj ET Q q 0 0 0 rg BT 316.25 373.05 Td (to ) Tj ET Q q 0 0 0 rg BT 325.10 373.05 Td (review ) Tj ET Q q 0 0 0 rg BT 351.44 373.05 Td (all ) Tj ET Q q 0 0 0 rg BT 362.28 373.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 407.12 373.05 Td (that ) Tj ET Q q 0 0 0 rg BT 422.46 373.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.31 373.05 Td (board ) Tj ET Q q 0 0 0 rg BT 457.65 373.05 Td (of ) Tj ET Q q 0 0 0 rg BT 467.00 373.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 500.34 373.05 Td (believes ) Tj ET Q q 0 0 0 rg BT 531.67 373.05 Td (may ) Tj ET Q q 0 0 0 rg BT 549.02 373.05 Td (involve ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 362.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 69.81 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.13 362.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 111.69 362.25 Td (including ) Tj ET Q q 0 0 0 rg BT 148.50 362.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 180.80 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.12 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.94 362.25 Td (right ) Tj ET Q q 0 0 0 rg BT 224.75 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.07 362.25 Td (first ) Tj ET Q q 0 0 0 rg BT 252.39 362.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 279.70 362.25 Td (described ) Tj ET Q q 0 0 0 rg BT 317.00 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.82 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.64 362.25 Td (two ) Tj ET Q q 0 0 0 rg BT 356.96 362.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 395.26 362.25 Td (paragraphs, ) Tj ET Q q 0 0 0 rg BT 439.81 362.25 Td (or ) Tj ET Q q 0 0 0 rg BT 450.13 362.25 Td (any ) Tj ET Q q 0 0 0 rg BT 465.94 362.25 Td (waiver ) Tj ET Q q 0 0 0 rg BT 493.25 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.57 362.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.38 362.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 541.70 362.25 Td (under ) Tj ET Q q 0 0 0 rg BT 565.02 362.25 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.45 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 82.04 351.45 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 124.02 351.45 Td (and ) Tj ET Q q 0 0 0 rg BT 139.00 351.45 Td (will ) Tj ET Q q 0 0 0 rg BT 154.99 351.45 Td (determine ) Tj ET Q q 0 0 0 rg BT 192.97 351.45 Td (such ) Tj ET Q q 0 0 0 rg BT 211.46 351.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 252.93 351.45 Td (and ) Tj ET Q q 0 0 0 rg BT 267.92 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 280.91 351.45 Td (resolution ) Tj ET Q q 0 0 0 rg BT 318.89 351.45 Td (of ) Tj ET Q q 0 0 0 rg BT 328.38 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 341.37 351.45 Td (conflict ) Tj ET Q q 0 0 0 rg BT 370.85 351.45 Td (of ) Tj ET Q q 0 0 0 rg BT 380.34 351.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 408.82 351.45 Td (is ) Tj ET Q q 0 0 0 rg BT 416.81 351.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 431.30 351.45 Td (and ) Tj ET Q q 0 0 0 rg BT 446.28 351.45 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 486.75 351.45 Td (to ) Tj ET Q q 0 0 0 rg BT 495.74 351.45 Td (us. ) Tj ET Q q 0 0 0 rg BT 507.55 351.45 Td (At ) Tj ET Q q 0 0 0 rg BT 518.54 351.45 Td (least ) Tj ET Q q 0 0 0 rg BT 537.03 351.45 Td (50% ) Tj ET Q q 0 0 0 rg BT 555.51 351.45 Td (of ) Tj ET Q q 0 0 0 rg BT 565.00 351.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 340.65 Td (members ) Tj ET Q q 0 0 0 rg BT 71.76 340.65 Td (of ) Tj ET Q q 0 0 0 rg BT 82.03 340.65 Td (the ) Tj ET Q q 0 0 0 rg BT 95.80 340.65 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 129.56 340.65 Td (committee ) Tj ET Q q 0 0 0 rg BT 170.32 340.65 Td (may ) Tj ET Q q 0 0 0 rg BT 188.59 340.65 Td (not ) Tj ET Q q 0 0 0 rg BT 202.86 340.65 Td (be ) Tj ET Q q 0 0 0 rg BT 214.12 340.65 Td (of) Tj ET Q q 0 0 0 rg BT 221.46 340.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 244.22 340.65 Td (or ) Tj ET Q q 0 0 0 rg BT 254.49 340.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 295.75 340.65 Td (of ) Tj ET Q q 0 0 0 rg BT 306.01 340.65 Td (us ) Tj ET Q q 0 0 0 rg BT 316.79 340.65 Td (or ) Tj ET Q q 0 0 0 rg BT 327.06 340.65 Td (directors, ) Tj ET Q q 0 0 0 rg BT 363.57 340.65 Td (of) Tj ET Q q 0 0 0 rg BT 370.90 340.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 393.66 340.65 Td (or ) Tj ET Q q 0 0 0 rg BT 403.93 340.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 445.19 340.65 Td (of ) Tj ET Q q 0 0 0 rg BT 455.46 340.65 Td (our ) Tj ET Q q 0 0 0 rg BT 470.23 340.65 Td (controlling ) Tj ET Q q 0 0 0 rg BT 512.49 340.65 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 557.24 340.65 Td (or ) Tj ET Q q 0 0 0 rg BT 567.51 340.65 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.85 Td (af) Tj ET Q q 0 0 0 rg BT 42.83 329.85 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 70.96 329.85 Td (Any ) Tj ET Q q 0 0 0 rg BT 88.25 329.85 Td (matters ) Tj ET Q q 0 0 0 rg BT 116.53 329.85 Td (approved ) Tj ET Q q 0 0 0 rg BT 151.81 329.85 Td (by ) Tj ET Q q 0 0 0 rg BT 162.60 329.85 Td (the ) Tj ET Q q 0 0 0 rg BT 175.38 329.85 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 208.16 329.85 Td (committee ) Tj ET Q q 0 0 0 rg BT 247.94 329.85 Td (will ) Tj ET Q q 0 0 0 rg BT 263.73 329.85 Td (be ) Tj ET Q q 0 0 0 rg BT 274.01 329.85 Td (conclusively ) Tj ET Q q 0 0 0 rg BT 321.29 329.85 Td (deemed ) Tj ET Q q 0 0 0 rg BT 351.06 329.85 Td (to ) Tj ET Q q 0 0 0 rg BT 359.85 329.85 Td (be ) Tj ET Q q 0 0 0 rg BT 370.14 329.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 384.42 329.85 Td (and ) Tj ET Q q 0 0 0 rg BT 399.20 329.85 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 439.47 329.85 Td (to ) Tj ET Q q 0 0 0 rg BT 448.26 329.85 Td (us, ) Tj ET Q q 0 0 0 rg BT 460.30 329.85 Td (and ) Tj ET Q q 0 0 0 rg BT 475.09 329.85 Td (not ) Tj ET Q q 0 0 0 rg BT 488.38 329.85 Td (a ) Tj ET Q q 0 0 0 rg BT 494.16 329.85 Td (breach ) Tj ET Q q 0 0 0 rg BT 519.93 329.85 Td (by ) Tj ET Q q 0 0 0 rg BT 530.72 329.85 Td (our ) Tj ET Q q 0 0 0 rg BT 544.51 329.85 Td (directors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.05 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 319.05 Td (any ) Tj ET Q q 0 0 0 rg BT 60.99 319.05 Td (duties ) Tj ET Q q 0 0 0 rg BT 84.74 319.05 Td (any ) Tj ET Q q 0 0 0 rg BT 99.98 319.05 Td (of ) Tj ET Q q 0 0 0 rg BT 109.73 319.05 Td (them ) Tj ET Q q 0 0 0 rg BT 129.98 319.05 Td (may ) Tj ET Q q 0 0 0 rg BT 147.72 319.05 Td (owe ) Tj ET Q q 0 0 0 rg BT 164.97 319.05 Td (us ) Tj ET Q q 0 0 0 rg BT 175.22 319.05 Td (or ) Tj ET Q q 0 0 0 rg BT 184.97 319.05 Td (our ) Tj ET Q q 0 0 0 rg BT 199.21 319.05 Td (shareholders.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 291.45 Td (T) Tj ET Q q 0 0 0 rg BT 40.18 291.45 Td (erm, ) Tj ET Q q 0 0 0 rg BT 58.68 291.45 Td (T) Tj ET Q q 0 0 0 rg BT 62.85 291.45 Td (ermination ) Tj ET Q q 0 0 0 rg BT 104.60 291.45 Td (and ) Tj ET Q q 0 0 0 rg BT 120.19 291.45 Td (Amendments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.65 Td (The ) Tj ET Q q 0 0 0 rg BT 52.34 277.65 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 98.66 277.65 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 140.99 277.65 Td (has ) Tj ET Q q 0 0 0 rg BT 155.33 277.65 Td (a ) Tj ET Q q 0 0 0 rg BT 161.68 277.65 Td (fiveyear ) Tj ET Q q 0 0 0 rg BT 195.75 277.65 Td (term ) Tj ET Q q 0 0 0 rg BT 214.59 277.65 Td (and ) Tj ET Q q 0 0 0 rg BT 229.93 277.65 Td (shall ) Tj ET Q q 0 0 0 rg BT 249.28 277.65 Td (terminate ) Tj ET Q q 0 0 0 rg BT 285.61 277.65 Td (with ) Tj ET Q q 0 0 0 rg BT 303.96 277.65 Td (immediate ) Tj ET Q q 0 0 0 rg BT 344.29 277.65 Td (ef) Tj ET Q q 0 0 0 rg BT 351.12 277.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 366.96 277.65 Td (in ) Tj ET Q q 0 0 0 rg BT 376.30 277.65 Td (the ) Tj ET Q q 0 0 0 rg BT 389.65 277.65 Td (event ) Tj ET Q q 0 0 0 rg BT 411.48 277.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 441.83 277.65 Td (ceases ) Tj ET Q q 0 0 0 rg BT 467.16 277.65 Td (to ) Tj ET Q q 0 0 0 rg BT 476.50 277.65 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 521.33 277.65 Td (own ) Tj ET Q q 0 0 0 rg BT 539.18 277.65 Td (a ) Tj ET Q q 0 0 0 rg BT 545.52 277.65 Td (majority ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 266.85 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 266.85 Td (our ) Tj ET Q q 0 0 0 rg BT 59.99 266.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 104.24 266.85 Td (common ) Tj ET Q q 0 0 0 rg BT 137.99 266.85 Td (shares. ) Tj ET Q q 0 0 0 rg BT 164.82 266.85 Td (The ) Tj ET Q q 0 0 0 rg BT 181.06 266.85 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 227.30 266.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 269.53 266.85 Td (may ) Tj ET Q q 0 0 0 rg BT 287.28 266.85 Td (be ) Tj ET Q q 0 0 0 rg BT 298.02 266.85 Td (amended ) Tj ET Q q 0 0 0 rg BT 332.76 266.85 Td (or ) Tj ET Q q 0 0 0 rg BT 342.51 266.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 383.24 266.85 Td (at ) Tj ET Q q 0 0 0 rg BT 391.98 266.85 Td (any ) Tj ET Q q 0 0 0 rg BT 407.23 266.85 Td (time ) Tj ET Q q 0 0 0 rg BT 425.47 266.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 445.72 266.85 Td (the ) Tj ET Q q 0 0 0 rg BT 458.97 266.85 Td (written ) Tj ET Q q 0 0 0 rg BT 486.71 266.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 526.44 266.85 Td (of ) Tj ET Q q 0 0 0 rg BT 536.19 266.85 Td (the ) Tj ET Q q 0 0 0 rg BT 549.43 266.85 Td (parties.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 239.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 61.26 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 77.51 239.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.26 239.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 156.52 239.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 190.76 239.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.51 239.25 Td (Seadrill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 211.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 73.24 211.65 Td (covenants ) Tj ET Q q 0 0 0 rg BT 111.48 211.65 Td (and ) Tj ET Q q 0 0 0 rg BT 127.23 211.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 144.98 211.65 Td (guarantees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.85 Td (In ) Tj ET Q q 0 0 0 rg BT 45.88 197.85 Td (February ) Tj ET Q q 0 0 0 rg BT 80.74 197.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 103.37 197.85 Td (we ) Tj ET Q q 0 0 0 rg BT 116.24 197.85 Td (amended ) Tj ET Q q 0 0 0 rg BT 151.11 197.85 Td (the ) Tj ET Q q 0 0 0 rg BT 164.48 197.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 207.84 197.85 Td (for ) Tj ET Q q 0 0 0 rg BT 220.71 197.85 Td (our ) Tj ET Q q 0 0 0 rg BT 235.09 197.85 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.96 197.85 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 279.59 197.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.59 197.85 Td ( ) Tj ET Q q 0 0 0 rg BT 307.97 197.85 Td (senior ) Tj ET Q q 0 0 0 rg BT 332.34 197.85 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 371.21 197.85 Td (bond, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.83 197.85 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 420.96 197.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.97 197.85 Td ( ) Tj ET Q q 0 0 0 rg BT 449.34 197.85 Td (Senior ) Tj ET Q q 0 0 0 rg BT 475.22 197.85 Td (Secured ) Tj ET Q q 0 0 0 rg BT 506.58 197.85 Td (Credit ) Tj ET Q q 0 0 0 rg BT 531.46 197.85 Td (Facility) Tj ET Q q 0 0 0 rg BT 558.37 197.85 Td (, ) Tj ET Q q 0 0 0 rg BT 563.00 197.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 187.05 Td ($475 ) Tj ET Q q 0 0 0 rg BT 55.46 187.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.46 187.05 Td ( ) Tj ET Q q 0 0 0 rg BT 82.93 187.05 Td (secured ) Tj ET Q q 0 0 0 rg BT 111.87 187.05 Td (term ) Tj ET Q q 0 0 0 rg BT 129.83 187.05 Td (loan. ) Tj ET Q q 0 0 0 rg BT 149.04 187.05 Td ( ) Tj ET Q q 0 0 0 rg BT 150.50 187.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 174.45 187.05 Td (the ) Tj ET Q q 0 0 0 rg BT 186.91 187.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 208.37 187.05 Td (of ) Tj ET Q q 0 0 0 rg BT 217.33 187.05 Td (each ) Tj ET Q q 0 0 0 rg BT 235.27 187.05 Td (amended ) Tj ET Q q 0 0 0 rg BT 269.22 187.05 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 310.41 187.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 339.86 187.05 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 379.80 187.05 Td (our ) Tj ET Q q 0 0 0 rg BT 393.26 187.05 Td (obligations ) Tj ET Q q 0 0 0 rg BT 434.73 187.05 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 474.67 187.05 Td (in ) Tj ET Q q 0 0 0 rg BT 483.13 187.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 518.57 187.05 Td (for ) Tj ET Q q 0 0 0 rg BT 530.53 187.05 Td (amendments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 45.32 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 58.64 176.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 93.44 176.25 Td (package, ) Tj ET Q q 0 0 0 rg BT 127.49 176.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 168.80 176.25 Td (replacing ) Tj ET Q q 0 0 0 rg BT 204.60 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.92 176.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 251.23 176.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 285.03 176.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 323.34 176.25 Td (with ) Tj ET Q q 0 0 0 rg BT 341.66 176.25 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 377.10 176.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.90 176.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 451.46 176.25 Td (which ) Tj ET Q q 0 0 0 rg BT 475.77 176.25 Td (are ) Tj ET Q q 0 0 0 rg BT 489.08 176.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 525.88 176.25 Td (at ) Tj ET Q q 0 0 0 rg BT 534.70 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.02 176.25 Td (Seadrill ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 165.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 83.96 165.45 Td (level. ) Tj ET Q q 0 0 0 rg BT 106.17 165.45 Td ( ) Tj ET Q q 0 0 0 rg BT 108.64 165.45 Td (For ) Tj ET Q q 0 0 0 rg BT 123.61 165.45 Td (further ) Tj ET Q q 0 0 0 rg BT 150.57 165.45 Td (information ) Tj ET Q q 0 0 0 rg BT 195.53 165.45 Td (on ) Tj ET Q q 0 0 0 rg BT 207.00 165.45 Td (the ) Tj ET Q q 0 0 0 rg BT 220.46 165.45 Td (covenants ) Tj ET Q q 0 0 0 rg BT 258.92 165.45 Td (contained ) Tj ET Q q 0 0 0 rg BT 296.37 165.45 Td (in ) Tj ET Q q 0 0 0 rg BT 305.84 165.45 Td (our ) Tj ET Q q 0 0 0 rg BT 320.31 165.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 338.27 165.45 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 383.97 165.45 Td (please ) Tj ET Q q 0 0 0 rg BT 408.93 165.45 Td (see ) Tj ET Q q 0 0 0 rg BT 422.89 165.45 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.56 165.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 446.53 165.45 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.53 165.45 Td (Long ) Tj ET Q q 0 0 0 rg BT 481.50 165.45 Td (term ) Tj ET Q q 0 0 0 rg BT 500.46 165.45 Td (debt" ) Tj ET Q q 0 0 0 rg BT 522.10 165.45 Td (of ) Tj ET Q q 0 0 0 rg BT 532.06 165.45 Td (the ) Tj ET Q q 0 0 0 rg BT 545.53 165.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 569.00 165.45 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 154.65 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 154.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 99.99 154.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 135.73 154.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 177.48 154.65 Td (included ) Tj ET Q q 0 0 0 rg BT 210.72 154.65 Td (herein. ) Tj ET Q q 0 0 0 rg BT 237.70 154.65 Td ( ) Tj ET Q q 0 0 0 rg BT 239.79 154.65 Td (The ) Tj ET Q q 0 0 0 rg BT 256.03 154.65 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 293.26 154.65 Td (fee ) Tj ET Q q 0 0 0 rg BT 306.50 154.65 Td (char) Tj ET Q q 0 0 0 rg BT 321.82 154.65 Td (ged ) Tj ET Q q 0 0 0 rg BT 337.06 154.65 Td (by ) Tj ET Q q 0 0 0 rg BT 348.31 154.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 378.56 154.65 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.81 154.65 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.56 154.65 Td ( ) Tj ET Q q 0 0 0 rg BT 407.81 154.65 Td (per ) Tj ET Q q 0 0 0 rg BT 421.55 154.65 Td (annum ) Tj ET Q q 0 0 0 rg BT 448.29 154.65 Td (of ) Tj ET Q q 0 0 0 rg BT 458.04 154.65 Td (the ) Tj ET Q q 0 0 0 rg BT 471.29 154.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 515.54 154.65 Td (principal. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 127.05 Td (In ) Tj ET Q q 0 0 0 rg BT 45.58 127.05 Td (April ) Tj ET Q q 0 0 0 rg BT 67.24 127.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 90.16 127.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 120.82 127.05 Td (and ) Tj ET Q q 0 0 0 rg BT 136.48 127.05 Td (the ) Tj ET Q q 0 0 0 rg BT 150.14 127.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.80 127.05 Td (executed ) Tj ET Q q 0 0 0 rg BT 222.45 127.05 Td (an ) Tj ET Q q 0 0 0 rg BT 233.61 127.05 Td (amendment ) Tj ET Q q 0 0 0 rg BT 278.26 127.05 Td (to ) Tj ET Q q 0 0 0 rg BT 287.93 127.05 Td (the ) Tj ET Q q 0 0 0 rg BT 301.59 127.05 Td (extend ) Tj ET Q q 0 0 0 rg BT 328.25 127.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 355.39 127.05 Td (maturities ) Tj ET Q q 0 0 0 rg BT 394.05 127.05 Td (and ) Tj ET Q q 0 0 0 rg BT 409.71 127.05 Td (modify ) Tj ET Q q 0 0 0 rg BT 438.38 127.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.53 127.05 Td (covenants ) Tj ET Q q 0 0 0 rg BT 504.18 127.05 Td (contained ) Tj ET Q q 0 0 0 rg BT 541.83 127.05 Td (within ) Tj ET Q q 0 0 0 rg BT 567.50 127.05 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 116.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 65.73 116.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 88.47 116.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 123.96 116.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 149.20 116.25 Td (see ) Tj ET Q q 0 0 0 rg BT 162.94 116.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 185.36 116.25 Td (5. ) Tj ET Q q 0 0 0 rg BT 194.36 116.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 232.59 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.84 116.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.57 116.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 317.81 116.25 Td (- ) Tj ET Q q 0 0 0 rg BT 323.06 116.25 Td (B. ) Tj ET Q q 0 0 0 rg BT 333.56 116.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 369.31 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.56 116.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 410.79 116.25 Td (resources" ) Tj ET Q q 0 0 0 rg BT 450.70 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 463.44 116.25 Td (more ) Tj ET Q q 0 0 0 rg BT 484.19 116.25 Td (information. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 88.65 Td ($600 ) Tj ET Q q 0 0 0 rg BT 56.25 88.65 Td (Million ) Tj ET Q q 0 0 0 rg BT 85.00 88.65 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 110.50 88.65 Td (Senior ) Tj ET Q q 0 0 0 rg BT 136.24 88.65 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 166.40 88.65 Td (ed ) Tj ET Q q 0 0 0 rg BT 177.15 88.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 199.90 88.65 Td (due ) Tj ET Q q 0 0 0 rg BT 215.14 88.65 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 74.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.24 74.85 Td (is ) Tj ET Q q 0 0 0 rg BT 74.50 74.85 Td (the ) Tj ET Q q 0 0 0 rg BT 87.74 74.85 Td (holder ) Tj ET Q q 0 0 0 rg BT 112.98 74.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 122.73 74.85 Td (31.1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 145.98 74.85 Td ( ) Tj ET Q q 0 0 0 rg BT 148.23 74.85 Td (of ) Tj ET Q q 0 0 0 rg BT 157.97 74.85 Td (our ) Tj ET Q q 0 0 0 rg BT 172.22 74.85 Td ($600 ) Tj ET Q q 0 0 0 rg BT 192.47 74.85 Td (Million ) Tj ET Q q 0 0 0 rg BT 221.73 74.85 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 247.22 74.85 Td (Senior ) Tj ET Q q 0 0 0 rg BT 272.97 74.85 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 313.70 74.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 336.95 74.85 Td (due ) Tj ET Q q 0 0 0 rg BT 352.20 74.85 Td (2019, ) Tj ET Q q 0 0 0 rg BT 374.70 74.85 Td (which ) Tj ET Q q 0 0 0 rg BT 398.94 74.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 431.69 74.85 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.94 74.85 Td ($186.6 ) Tj ET Q q 0 0 0 rg BT 467.94 74.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.94 74.85 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 47.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 56.76 47.25 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 79.26 47.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 108.00 47.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 133.75 47.25 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 163.91 47.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 174.66 47.25 Td (Bond) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.24 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 74.50 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 87.74 749.80 Td (holder ) Tj ET Q q 0 0 0 rg BT 112.98 749.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 122.73 749.80 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.48 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 143.73 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 153.47 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 167.72 749.80 Td (NOK ) Tj ET Q q 0 0 0 rg BT 189.47 749.80 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 211.97 749.80 Td (Million ) Tj ET Q q 0 0 0 rg BT 241.22 749.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 266.97 749.80 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 307.71 749.80 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 331.71 749.80 Td (which ) Tj ET Q q 0 0 0 rg BT 355.95 749.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 388.70 749.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.95 749.80 Td ($1) Tj ET Q q 0 0 0 rg BT 406.62 749.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 413.37 749.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.37 749.80 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 74.23 722.20 Td (Cr) Tj ET Q q 0 0 0 rg BT 83.40 722.20 Td (edit ) Tj ET Q q 0 0 0 rg BT 99.15 722.20 Td (Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 708.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.24 708.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 100.49 708.40 Td (us ) Tj ET Q q 0 0 0 rg BT 110.74 708.40 Td (with ) Tj ET Q q 0 0 0 rg BT 128.99 708.40 Td (an ) Tj ET Q q 0 0 0 rg BT 139.73 708.40 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 178.47 708.40 Td (revolving ) Tj ET Q q 0 0 0 rg BT 215.21 708.40 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 259.44 708.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 277.19 708.40 Td (of ) Tj ET Q q 0 0 0 rg BT 286.93 708.40 Td ($85 ) Tj ET Q q 0 0 0 rg BT 302.68 708.40 Td (million, ) Tj ET Q q 0 0 0 rg BT 333.18 708.40 Td (which ) Tj ET Q q 0 0 0 rg BT 357.43 708.40 Td (matured ) Tj ET Q q 0 0 0 rg BT 389.17 708.40 Td (on ) Tj ET Q q 0 0 0 rg BT 400.42 708.40 Td (January ) Tj ET Q q 0 0 0 rg BT 430.66 708.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 444.16 708.40 Td (2015. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 680.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 87.25 680.80 Td (services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 667.00 Td (North ) Tj ET Q q 0 0 0 rg BT 59.15 667.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 90.90 667.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 140.65 667.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 174.41 667.00 Td (all ) Tj ET Q q 0 0 0 rg BT 186.17 667.00 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 227.91 667.00 Td (management ) Tj ET Q q 0 0 0 rg BT 276.66 667.00 Td (functions ) Tj ET Q q 0 0 0 rg BT 312.91 667.00 Td (to ) Tj ET Q q 0 0 0 rg BT 322.68 667.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.44 667.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.20 667.00 Td (and ) Tj ET Q q 0 0 0 rg BT 389.96 667.00 Td (its ) Tj ET Q q 0 0 0 rg BT 401.22 667.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 446.48 667.00 Td (in ) Tj ET Q q 0 0 0 rg BT 456.24 667.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 499.47 667.00 Td (with ) Tj ET Q q 0 0 0 rg BT 518.24 667.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.99 667.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 554.75 667.00 Td (of ) Tj ET Q q 0 0 0 rg BT 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(Seadrill ) Tj ET Q q 0 0 0 rg BT 66.45 645.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 115.89 645.40 Td (in ) Tj ET Q q 0 0 0 rg BT 125.35 645.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 168.28 645.40 Td (with ) Tj ET Q q 0 0 0 rg BT 186.74 645.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.19 645.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 222.64 645.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.60 645.40 Td (the ) Tj ET Q q 0 0 0 rg BT 246.05 645.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 295.50 645.40 Td (and ) Tj ET Q q 0 0 0 rg BT 310.41 645.40 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 366.86 645.40 Td (Services ) Tj ET Q q 0 0 0 rg BT 399.26 645.40 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 443.77 645.40 Td (The ) Tj ET Q q 0 0 0 rg BT 460.23 645.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 500.16 645.40 Td (can ) Tj ET Q q 0 0 0 rg BT 515.11 645.40 Td (be ) Tj ET Q q 0 0 0 rg BT 526.06 645.40 Td (terminated ) Tj ET Q q 0 0 0 rg BT 567.00 645.40 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 634.60 Td (either ) Tj ET Q q 0 0 0 rg BT 58.34 634.60 Td (party ) Tj ET Q q 0 0 0 rg BT 78.69 634.60 Td (upon ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.55 634.60 Td (90 ) Tj ET Q q 0 0 0 rg BT 109.41 634.60 Td (days) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.90 634.60 Td (' ) Tj ET Q q 0 0 0 rg BT 129.38 634.60 Td (notice. ) Tj ET Q q 0 0 0 rg BT 155.48 634.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.34 634.60 Td (In ) Tj ET Q q 0 0 0 rg BT 166.69 634.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 217.03 634.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.39 634.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.24 634.60 Td (services ) Tj ET Q q 0 0 0 rg BT 270.08 634.60 Td (provided, ) Tj ET Q q 0 0 0 rg BT 306.18 634.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.03 634.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.89 634.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 370.74 634.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 400.59 634.60 Td (a ) Tj ET Q q 0 0 0 rg BT 406.44 634.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 419.28 634.60 Td (that ) Tj ET Q q 0 0 0 rg BT 434.64 634.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 466.49 634.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.34 634.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 515.18 634.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 535.04 634.60 Td (attributable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.78 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.55 623.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.32 623.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 115.10 623.80 Td (a ) Tj ET Q q 0 0 0 rg BT 121.87 623.80 Td (mar) Tj ET Q q 0 0 0 rg BT 135.70 623.80 Td (gin ) Tj ET Q q 0 0 0 rg BT 149.98 623.80 Td (of ) Tj ET Q q 0 0 0 rg BT 160.25 623.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.03 623.80 Td (8%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.03 623.80 Td (. ) Tj ET Q q 0 0 0 rg BT 180.05 623.80 Td (For ) Tj ET Q q 0 0 0 rg BT 195.33 623.80 Td (providing ) Tj ET Q q 0 0 0 rg BT 233.11 623.80 Td (services ) Tj ET Q q 0 0 0 rg BT 264.87 623.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 298.64 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 308.42 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 322.19 623.80 Td (services ) Tj ET Q q 0 0 0 rg BT 353.95 623.80 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 396.45 623.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 427.22 623.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 476.98 623.80 Td (had ) Tj ET Q q 0 0 0 rg BT 492.75 623.80 Td (char) Tj ET Q q 0 0 0 rg BT 508.08 623.80 Td (ged ) Tj ET Q q 0 0 0 rg BT 523.85 623.80 Td (North ) Tj ET Q q 0 0 0 rg BT 547.01 623.80 Td (Atlantic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 85.93 613.00 Td (a ) Tj ET Q q 0 0 0 rg BT 92.87 613.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 106.81 613.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.25 613.00 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 140.45 613.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.45 613.00 Td (, ) Tj ET Q q 0 0 0 rg BT 171.65 613.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.60 613.00 Td ($27.6 ) Tj ET Q q 0 0 0 rg BT 197.79 613.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.80 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 226.74 613.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.69 613.00 Td ($32.4 ) Tj ET Q q 0 0 0 rg BT 265.88 613.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.89 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 294.83 613.00 Td (for ) Tj ET Q q 0 0 0 rg BT 308.28 613.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 346.22 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.17 613.00 Td (services ) Tj ET Q q 0 0 0 rg BT 392.10 613.00 Td (under ) Tj ET Q q 0 0 0 rg BT 415.54 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.48 613.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 462.27 613.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 505.20 613.00 Td (for ) Tj ET Q q 0 0 0 rg BT 518.64 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 532.58 613.00 Td (years ) Tj ET Q q 0 0 0 rg BT 554.52 613.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 602.20 Td (December31, 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560.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 550.00 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 78.53 550.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 108.58 550.00 Td (to ) Tj ET Q q 0 0 0 rg BT 118.63 550.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 149.18 550.00 Td (these ) Tj ET Q q 0 0 0 rg BT 170.72 550.00 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 214.28 550.00 Td (The ) Tj ET Q q 0 0 0 rg BT 231.33 550.00 Td (total ) Tj ET Q q 0 0 0 rg BT 250.38 550.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.43 550.00 Td (of ) Tj ET Q q 0 0 0 rg BT 290.98 550.00 Td (such ) Tj ET Q q 0 0 0 rg BT 310.53 550.00 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 352.06 550.00 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.11 550.00 Td ($200 ) Tj ET Q q 0 0 0 rg BT 390.16 550.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.17 550.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.22 550.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.77 550.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 482.30 550.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.30 550.00 Td ( ) Tj ET Q q 0 0 0 rg BT 503.35 550.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.40 550.00 Td ($250 ) Tj ET Q q 0 0 0 rg BT 540.45 550.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.45 550.00 Td ( ) Tj ET Q q 0 0 0 rg BT 569.51 550.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 539.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 88.76 539.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.76 539.20 Td (. ) Tj ET Q q 0 0 0 rg BT 111.12 539.20 Td (The ) Tj ET Q q 0 0 0 rg BT 127.39 539.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 159.66 539.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 172.92 539.20 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.20 539.20 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 207.23 539.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.23 539.20 Td ( ) Tj ET Q q 0 0 0 rg BT 235.51 539.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.78 539.20 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 268.81 539.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.82 539.20 Td ( ) Tj ET Q q 0 0 0 rg BT 297.10 539.20 Td (or ) Tj ET Q q 0 0 0 rg BT 306.87 539.20 Td (the ) Tj ET Q q 0 0 0 rg BT 320.15 539.20 Td (years ) Tj ET Q q 0 0 0 rg BT 341.42 539.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.19 539.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.94 539.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.94 539.20 Td ( ) Tj ET Q q 0 0 0 rg BT 438.22 539.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 539.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 539.20 Td ( ) Tj ET Q q 0 0 0 rg BT 473.78 539.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 516.67 539.20 Td (. ) Tj ET Q q 0 0 0 rg BT 521.20 539.20 Td (In ) Tj ET Q q 0 0 0 rg BT 530.98 539.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 565.00 539.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 528.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.25 528.40 Td (has ) Tj ET Q q 0 0 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BT 43.77 472.00 Td (e ) Tj ET Q q 0 0 0 rg BT 48.99 472.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 76.18 472.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 111.38 472.00 Td (secretarial ) Tj ET Q q 0 0 0 rg BT 149.57 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 163.79 472.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 189.49 472.00 Td (other ) Tj ET Q q 0 0 0 rg BT 209.20 472.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 261.91 472.00 Td (services ) Tj ET Q q 0 0 0 rg BT 292.11 472.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 330.31 472.00 Td (to ) Tj ET Q q 0 0 0 rg BT 338.53 472.00 Td (the ) Tj ET Q q 0 0 0 rg BT 350.75 472.00 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 392.96 472.00 Td (of ) Tj ET Q q 0 0 0 rg BT 401.68 472.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 435.89 472.00 Td (from ) Tj ET Q q 0 0 0 rg BT 454.60 472.00 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 488.82 472.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 537.02 472.00 Td (\(Bermuda\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 461.20 Td (Ltd. ) Tj ET 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(2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.74 461.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.69 461.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.69 461.20 Td ( ) Tj ET Q q 0 0 0 rg BT 411.39 461.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.08 461.20 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.08 461.20 Td ( ) Tj ET Q q 0 0 0 rg BT 445.78 461.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 488.68 461.20 Td (. ) Tj ET Q q 0 0 0 rg BT 492.63 461.20 Td ( ) Tj ET Q q 0 0 0 rg BT 494.33 461.20 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 529.03 461.20 Td (Management ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 450.40 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 77.23 450.40 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 94.23 450.40 Td (is ) Tj ET Q q 0 0 0 rg BT 102.48 450.40 Td (a ) Tj ET Q q 0 0 0 rg BT 108.73 450.40 Td (wholly ) Tj ET Q q 0 0 0 rg BT 135.98 450.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 162.22 450.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 201.47 450.40 Td (of ) Tj ET Q q 0 0 0 rg BT 211.22 450.40 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 246.47 450.40 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 265.72 450.40 Td (a ) Tj ET Q q 0 0 0 rg BT 271.96 450.40 Td (company ) Tj ET Q q 0 0 0 rg BT 307.20 450.40 Td (in ) Tj ET Q q 0 0 0 rg BT 316.45 450.40 Td (which ) Tj ET Q q 0 0 0 rg BT 340.69 450.40 Td (Hemen, ) Tj ET Q q 0 0 0 rg BT 371.18 450.40 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 406.55 450.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 440.79 450.40 Td (shareholder) Tj ET Q q 0 0 0 rg BT 482.41 450.40 Td (, ) Tj ET Q q 0 0 0 rg BT 486.91 450.40 Td (is ) Tj ET Q q 0 0 0 rg BT 495.16 450.40 Td (a ) Tj ET Q q 0 0 0 rg BT 501.41 450.40 Td (lar) Tj ET Q q 0 0 0 rg BT 510.74 450.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 521.48 450.40 Td (shareholder) Tj ET Q q 0 0 0 rg BT 562.97 450.40 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 421.60 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 421.60 Td (ransactions with Seatankers ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 407.80 Td (Management services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.00 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 394.00 Td (e ) Tj ET Q q 0 0 0 rg BT 49.68 394.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 77.57 394.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 113.46 394.00 Td (management ) Tj ET Q q 0 0 0 rg BT 161.35 394.00 Td (services ) Tj ET Q q 0 0 0 rg BT 192.24 394.00 Td (through ) Tj ET Q q 0 0 0 rg BT 222.15 394.00 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 263.05 394.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 311.94 394.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 342.42 394.00 Td (AS, ) Tj ET Q q 0 0 0 rg BT 358.08 394.00 Td (which ) Tj ET Q q 0 0 0 rg BT 381.99 394.00 Td (is ) Tj ET Q q 0 0 0 rg BT 389.90 394.00 Td (an ) Tj ET Q q 0 0 0 rg BT 400.31 394.00 Td (af) Tj ET Q q 0 0 0 rg BT 407.14 394.00 Td (filiated ) Tj ET Q q 0 0 0 rg BT 434.54 394.00 Td (company ) Tj ET Q q 0 0 0 rg BT 469.44 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 478.84 394.00 Td (Hemen, ) Tj ET Q q 0 0 0 rg BT 508.99 394.00 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 544.02 394.00 Td (principal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.20 Td (shareholder) Tj ET Q q 0 0 0 rg BT 77.48 383.20 Td (. ) Tj ET Q q 0 0 0 rg BT 81.82 383.20 Td (The ) Tj ET Q q 0 0 0 rg BT 98.06 383.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 111.30 383.20 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.55 383.20 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 145.55 383.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.55 383.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.05 383.20 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.55 383.20 Td ( ) Tj ET Q q 0 0 0 rg BT 187.80 383.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.04 383.20 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.55 383.20 Td ( ) Tj ET Q q 0 0 0 rg BT 214.80 383.20 Td (for ) Tj ET Q q 0 0 0 rg BT 227.54 383.20 Td (the ) Tj ET Q q 0 0 0 rg BT 240.79 383.20 Td (years ) Tj ET Q q 0 0 0 rg BT 262.02 383.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.76 383.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 338.49 383.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.49 383.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.99 383.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.99 383.20 Td ( ) Tj ET Q q 0 0 0 rg BT 381.24 383.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.48 383.20 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.48 383.20 Td ( ) Tj ET Q q 0 0 0 rg BT 416.73 383.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 459.63 383.20 Td (. ) Tj ET Q q 0 0 0 rg BT 464.13 383.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 354.40 Td (Significant transactions with Ship Finance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 340.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 53.75 340.60 Td (and ) Tj ET Q q 0 0 0 rg BT 69.50 340.60 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 107.23 340.60 Td (agr) Tj ET Q q 0 0 0 rg BT 119.40 340.60 Td (eement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 326.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.83 326.80 Td (June ) Tj ET Q q 0 0 0 rg BT 64.67 326.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 87.25 326.80 Td (we ) Tj ET Q q 0 0 0 rg BT 100.09 326.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 128.90 326.80 Td (into ) Tj ET Q q 0 0 0 rg BT 145.24 326.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 161.57 326.80 Td (and ) Tj ET Q q 0 0 0 rg BT 176.90 326.80 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 214.22 326.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 254.03 326.80 Td (with ) Tj ET Q q 0 0 0 rg BT 272.37 326.80 Td (Ship ) Tj ET Q q 0 0 0 rg BT 291.21 326.80 Td (Finance ) Tj ET Q q 0 0 0 rg BT 322.04 326.80 Td (for ) Tj ET Q q 0 0 0 rg BT 334.87 326.80 Td (the ) Tj ET Q q 0 0 0 rg BT 348.20 326.80 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 395.53 326.80 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 424.86 326.80 Td (rig, ) Tj ET Q q 0 0 0 rg BT 439.44 326.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.77 326.80 Td (W) Tj ET Q q 0 0 0 rg BT 459.44 326.80 Td (est ) Tj ET Q q 0 0 0 rg BT 471.78 326.80 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.79 326.80 Td (, ) Tj ET Q q 0 0 0 rg BT 496.37 326.80 Td (for ) Tj ET Q q 0 0 0 rg BT 509.20 326.80 Td (total ) Tj ET Q q 0 0 0 rg BT 527.54 326.80 Td (consideration ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 316.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.77 316.00 Td ($600 ) Tj ET Q q 0 0 0 rg BT 66.04 316.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.04 316.00 Td (. ) Tj ET Q q 0 0 0 rg BT 96.40 316.00 Td (W) Tj ET Q q 0 0 0 rg BT 104.18 316.00 Td (e ) Tj ET Q q 0 0 0 rg BT 110.44 316.00 Td (received ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.19 316.00 Td ($195 ) Tj ET Q q 0 0 0 rg BT 163.46 316.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.46 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 191.74 316.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 212.01 316.00 Td (signing ) Tj ET Q q 0 0 0 rg BT 240.78 316.00 Td (of ) Tj ET Q q 0 0 0 rg BT 250.55 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 263.82 316.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 303.57 316.00 Td (and ) Tj ET Q q 0 0 0 rg BT 318.83 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 332.10 316.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 370.86 316.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 400.61 316.00 Td (of ) Tj ET Q q 0 0 0 rg BT 410.38 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 423.65 316.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 457.90 316.00 Td (price ) Tj ET Q q 0 0 0 rg BT 478.16 316.00 Td (was ) Tj ET Q q 0 0 0 rg BT 494.43 316.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 512.20 316.00 Td (on ) Tj ET Q q 0 0 0 rg BT 523.47 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 536.74 316.00 Td (delivery ) Tj ET Q q 0 0 0 rg BT 568.50 316.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 305.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.57 305.20 Td (rig. ) Tj ET Q q 0 0 0 rg BT 64.22 305.20 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.79 305.20 Td (W) Tj ET Q q 0 0 0 rg BT 87.46 305.20 Td (est ) Tj ET Q q 0 0 0 rg BT 100.04 305.20 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 122.62 305.20 Td (is ) Tj ET Q q 0 0 0 rg BT 131.21 305.20 Td (chartered ) Tj ET Q q 0 0 0 rg BT 167.26 305.20 Td (back ) Tj ET Q q 0 0 0 rg BT 186.83 305.20 Td (to ) Tj ET Q q 0 0 0 rg BT 196.41 305.20 Td (us ) Tj ET Q q 0 0 0 rg BT 206.99 305.20 Td (on ) Tj ET Q q 0 0 0 rg BT 218.57 305.20 Td (a ) Tj ET Q q 0 0 0 rg BT 225.14 305.20 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 258.70 305.20 Td (charter ) Tj ET Q q 0 0 0 rg BT 286.26 305.20 Td (for ) Tj ET Q q 0 0 0 rg BT 299.34 305.20 Td (a ) Tj ET Q q 0 0 0 rg BT 305.91 305.20 Td (period ) Tj ET Q q 0 0 0 rg BT 331.48 305.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.56 305.20 Td (15 ) Tj ET Q q 0 0 0 rg BT 353.14 305.20 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.13 305.20 Td (, ) Tj ET Q q 0 0 0 rg BT 376.96 305.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 410.53 305.20 Td (to ) Tj ET Q q 0 0 0 rg BT 420.11 305.20 Td (which ) Tj ET Q q 0 0 0 rg BT 444.69 305.20 Td (we ) Tj ET Q q 0 0 0 rg BT 457.76 305.20 Td (have ) Tj ET Q q 0 0 0 rg BT 477.33 305.20 Td (been ) Tj ET Q q 0 0 0 rg BT 496.90 305.20 Td (granted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.46 305.20 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.46 305.20 Td ( ) Tj ET Q q 0 0 0 rg BT 544.04 305.20 Td (purchase ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 294.40 Td (options. ) Tj ET Q q 0 0 0 rg BT 66.98 294.40 Td ( ) Tj ET Q q 0 0 0 rg BT 69.21 294.40 Td (Ship ) Tj ET Q q 0 0 0 rg BT 87.95 294.40 Td (Finance ) Tj ET Q q 0 0 0 rg BT 118.67 294.40 Td (has ) Tj ET Q q 0 0 0 rg BT 132.90 294.40 Td (an ) Tj ET Q q 0 0 0 rg BT 143.62 294.40 Td (option ) Tj ET Q q 0 0 0 rg BT 168.85 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 178.09 294.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 192.81 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.04 294.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 218.27 294.40 Td (back ) Tj ET Q q 0 0 0 rg BT 237.49 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 246.72 294.40 Td (us ) Tj ET Q q 0 0 0 rg BT 256.95 294.40 Td (at ) Tj ET Q q 0 0 0 rg BT 265.68 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.90 294.40 Td (end ) Tj ET Q q 0 0 0 rg BT 294.13 294.40 Td (of ) Tj ET Q q 0 0 0 rg BT 303.86 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 317.08 294.40 Td (charter ) Tj ET Q q 0 0 0 rg BT 344.29 294.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 371.76 294.40 Td ( ) Tj ET Q q 0 0 0 rg BT 373.83 294.40 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.05 294.40 Td (W) Tj ET Q q 0 0 0 rg BT 396.73 294.40 Td (est ) Tj ET Q q 0 0 0 rg BT 408.95 294.40 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.19 294.40 Td (was ) Tj ET Q q 0 0 0 rg BT 447.42 294.40 Td (delivered ) Tj ET Q q 0 0 0 rg BT 483.13 294.40 Td (from ) Tj ET Q q 0 0 0 rg BT 502.86 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 516.08 294.40 Td (yard ) Tj ET Q q 0 0 0 rg BT 534.30 294.40 Td (in ) Tj ET Q q 0 0 0 rg BT 543.54 294.40 Td (February ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 283.60 Td (2014. ) Tj ET Q q 0 0 0 rg BT 58.22 283.60 Td ( ) Tj ET Q q 0 0 0 rg BT 59.76 283.60 Td (As ) Tj ET Q q 0 0 0 rg BT 71.73 283.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.20 283.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 133.65 283.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.65 283.60 Td (, ) Tj ET Q q 0 0 0 rg BT 155.87 283.60 Td (we ) Tj ET Q q 0 0 0 rg BT 168.34 283.60 Td (report ) Tj ET Q q 0 0 0 rg BT 191.80 283.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.77 283.60 Td (W) Tj ET Q q 0 0 0 rg BT 211.44 283.60 Td (est ) Tj ET Q q 0 0 0 rg BT 223.41 283.60 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.39 283.60 Td (under ) Tj ET Q q 0 0 0 rg BT 267.85 283.60 Td ("Drilling ) Tj ET Q q 0 0 0 rg BT 302.00 283.60 Td (Units" ) Tj ET Q q 0 0 0 rg BT 327.15 283.60 Td (in ) Tj ET Q q 0 0 0 rg BT 336.12 283.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.09 283.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 379.54 283.60 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 402.25 283.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 427.22 283.60 Td (see ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.68 283.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 460.15 283.60 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.15 283.60 Td ( ) Tj ET Q q 0 0 0 rg BT 471.12 283.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.09 283.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.06 283.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 542.53 283.60 Td (Financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 272.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 77.74 272.80 Td (included ) Tj ET Q q 0 0 0 rg BT 110.98 272.80 Td (herein ) Tj ET Q q 0 0 0 rg BT 135.72 272.80 Td (for ) Tj ET Q q 0 0 0 rg BT 148.46 272.80 Td (more ) Tj ET Q q 0 0 0 rg BT 169.21 272.80 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 245.20 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 66.16 245.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 76.90 245.20 Td (Loan ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 231.40 Td (Ship ) Tj ET Q q 0 0 0 rg BT 54.51 231.40 Td (Finance ) Tj ET Q q 0 0 0 rg BT 85.01 231.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 114.00 231.40 Td (the ) Tj ET Q q 0 0 0 rg BT 126.86 231.40 Td (VIE ) Tj ET Q q 0 0 0 rg BT 143.86 231.40 Td (company) Tj ET Q q 0 0 0 rg BT 176.27 231.40 Td (, ) Tj ET Q q 0 0 0 rg BT 180.53 231.40 Td (SFL) Tj ET Q q 0 0 0 rg BT 195.70 231.40 Td ( ) Tj ET Q q 0 0 0 rg BT 197.71 231.40 Td (Linus ) Tj ET Q q 0 0 0 rg BT 220.22 231.40 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 239.22 231.40 Td (an ) Tj ET Q q 0 0 0 rg BT 249.72 231.40 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 288.21 231.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.72 231.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.22 231.40 Td ($195 ) Tj ET Q q 0 0 0 rg BT 335.23 231.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.23 231.40 Td ( ) Tj ET Q q 0 0 0 rg BT 363.24 231.40 Td (on ) Tj ET Q q 0 0 0 rg BT 374.24 231.40 Td (June28, ) Tj ET Q q 0 0 0 rg BT 406.25 231.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 426.26 231.40 Td (to ) Tj ET Q q 0 0 0 rg BT 435.26 231.40 Td (be ) Tj ET Q q 0 0 0 rg BT 445.77 231.40 Td (repaid ) Tj ET Q q 0 0 0 rg BT 470.26 231.40 Td (at ) Tj ET Q q 0 0 0 rg BT 478.76 231.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.77 231.40 Td (earlier ) Tj ET Q q 0 0 0 rg BT 516.75 231.40 Td (of ) Tj ET Q q 0 0 0 rg BT 526.26 231.40 Td (June ) Tj ET Q q 0 0 0 rg BT 544.76 231.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 558.02 231.40 Td (2029 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 220.60 Td (or ) Tj ET Q q 0 0 0 rg BT 46.29 220.60 Td (date ) Tj ET Q q 0 0 0 rg BT 64.06 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 74.35 220.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 91.13 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.42 220.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.20 220.60 Td (W) Tj ET Q q 0 0 0 rg BT 121.87 220.60 Td (est ) Tj ET Q q 0 0 0 rg BT 134.66 220.60 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.45 220.60 Td (rig. ) Tj ET Q q 0 0 0 rg BT 172.49 220.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.08 220.60 Td (While ) Tj ET Q q 0 0 0 rg BT 199.86 220.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 220.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 231.92 220.60 Td (did ) Tj ET Q q 0 0 0 rg BT 246.21 220.60 Td (not ) Tj ET Q q 0 0 0 rg BT 260.50 220.60 Td (initially ) Tj ET Q q 0 0 0 rg BT 291.29 220.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 309.56 220.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 341.09 220.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 360.39 220.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 391.66 220.60 Td (reserved ) Tj ET Q q 0 0 0 rg BT 424.93 220.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.72 220.60 Td (right ) Tj ET Q q 0 0 0 rg BT 458.50 220.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.29 220.60 Td (char) Tj ET Q q 0 0 0 rg BT 483.62 220.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 494.90 220.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 524.18 220.60 Td (after ) Tj ET Q q 0 0 0 rg BT 543.45 220.60 Td (the ) Tj ET Q q 0 0 0 rg BT 557.23 220.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 570.02 220.60 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 209.80 Td (delivered ) Tj ET Q q 0 0 0 rg BT 71.54 209.80 Td (from ) Tj ET Q q 0 0 0 rg BT 91.10 209.80 Td (the ) Tj ET Q q 0 0 0 rg BT 104.15 209.80 Td (yard. ) Tj ET Q q 0 0 0 rg BT 124.46 209.80 Td (Commencing ) Tj ET Q q 0 0 0 rg BT 175.01 209.80 Td (in ) Tj ET Q q 0 0 0 rg BT 184.07 209.80 Td (February ) Tj ET Q q 0 0 0 rg BT 218.62 209.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 240.93 209.80 Td (the ) Tj ET Q q 0 0 0 rg BT 253.99 209.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 271.55 209.80 Td (bore ) Tj ET Q q 0 0 0 rg BT 289.60 209.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 318.15 209.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.71 209.80 Td (4.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.46 209.80 Td ( ) Tj ET Q q 0 0 0 rg BT 348.52 209.80 Td (per ) Tj ET Q q 0 0 0 rg BT 362.07 209.80 Td (annum. ) Tj ET Q q 0 0 0 rg BT 390.88 209.80 Td (SFL) Tj ET Q q 0 0 0 rg BT 406.05 209.80 Td ( ) Tj ET Q q 0 0 0 rg BT 408.11 209.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 430.67 209.80 Td (repaid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.22 209.80 Td ($70 ) Tj ET Q q 0 0 0 rg BT 470.78 209.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.78 209.80 Td ( ) Tj ET Q q 0 0 0 rg BT 498.85 209.80 Td (on ) Tj ET Q q 0 0 0 rg BT 509.91 209.80 Td (this ) Tj ET Q q 0 0 0 rg BT 524.97 209.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 552.52 209.80 Td (during ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 199.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.24 199.00 Td (first ) Tj ET Q q 0 0 0 rg BT 65.98 199.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 93.70 199.00 Td (in ) Tj ET Q q 0 0 0 rg BT 102.94 199.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 123.18 199.00 Td (and ) Tj ET Q q 0 0 0 rg BT 138.42 199.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.66 199.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 195.90 199.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 225.62 199.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.35 199.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 287.07 199.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.07 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 307.31 199.00 Td (is ) Tj ET Q q 0 0 0 rg BT 315.55 199.00 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.05 199.00 Td (125 ) Tj ET Q q 0 0 0 rg BT 335.79 199.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.80 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 364.04 199.00 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.04 199.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.75 199.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 199.00 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.49 199.00 Td ($125.0 ) Tj ET Q q 0 0 0 rg BT 469.49 199.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.49 199.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 502.81 199.00 Td (The ) Tj ET Q q 0 0 0 rg BT 519.05 199.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 553.27 199.00 Td (of ) Tj ET Q q 0 0 0 rg BT 563.01 199.00 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 53.75 188.20 Td (were ) Tj ET Q q 0 0 0 rg BT 73.48 188.20 Td (used ) Tj ET Q q 0 0 0 rg BT 92.23 188.20 Td (to ) Tj ET Q q 0 0 0 rg BT 101.48 188.20 Td (finance ) Tj ET Q q 0 0 0 rg BT 130.21 188.20 Td (the ) Tj ET Q q 0 0 0 rg BT 143.46 188.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 185.20 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 194.95 188.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.19 188.20 Td (W) Tj ET Q q 0 0 0 rg BT 214.86 188.20 Td (est ) Tj ET Q q 0 0 0 rg BT 227.11 188.20 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.12 188.20 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 160.60 Td ($475 ) Tj ET Q q 0 0 0 rg BT 56.25 160.60 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.75 160.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.00 160.60 Td (Secur) Tj ET Q q 0 0 0 rg BT 104.16 160.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 114.90 160.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 124.08 160.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 139.82 160.60 Td (Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 146.80 Td (On ) Tj ET Q q 0 0 0 rg BT 49.30 146.80 Td (October ) Tj ET Q q 0 0 0 rg BT 80.58 146.80 Td (17, ) Tj ET Q q 0 0 0 rg BT 94.13 146.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 116.68 146.80 Td (SFL) Tj ET Q q 0 0 0 rg BT 131.85 146.80 Td ( ) Tj ET Q q 0 0 0 rg BT 134.15 146.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 156.94 146.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 173.99 146.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 202.77 146.80 Td (into ) Tj ET Q q 0 0 0 rg BT 219.07 146.80 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.36 146.80 Td ($475 ) Tj ET Q q 0 0 0 rg BT 245.66 146.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.66 146.80 Td ( ) Tj ET Q q 0 0 0 rg BT 273.96 146.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 303.74 146.80 Td (term ) Tj ET Q q 0 0 0 rg BT 322.53 146.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 340.32 146.80 Td (and ) Tj ET Q q 0 0 0 rg BT 355.61 146.80 Td (revolving ) Tj ET Q q 0 0 0 rg BT 392.40 146.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 415.19 146.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 442.97 146.80 Td (with ) Tj ET Q q 0 0 0 rg BT 461.27 146.80 Td (a ) Tj ET Q q 0 0 0 rg BT 467.56 146.80 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 503.85 146.80 Td (of ) Tj ET Q q 0 0 0 rg BT 513.64 146.80 Td (banks ) Tj ET Q q 0 0 0 rg BT 536.94 146.80 Td (to ) Tj ET Q q 0 0 0 rg BT 546.23 146.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 565.03 146.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 136.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 77.50 136.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.99 136.00 Td (W) Tj ET Q q 0 0 0 rg BT 93.67 136.00 Td (est ) Tj ET Q q 0 0 0 rg BT 105.67 136.00 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.67 136.00 Td (, ) Tj ET Q q 0 0 0 rg BT 129.93 136.00 Td (which ) Tj ET Q q 0 0 0 rg BT 153.92 136.00 Td (was ) Tj ET Q q 0 0 0 rg BT 169.92 136.00 Td (pledged ) Tj ET Q q 0 0 0 rg BT 200.41 136.00 Td (as ) Tj ET Q q 0 0 0 rg BT 209.91 136.00 Td (security ) Tj ET Q q 0 0 0 rg BT 240.40 136.00 Td (thereunder) Tj ET Q q 0 0 0 rg BT 278.38 136.00 Td (. ) Tj ET Q q 0 0 0 rg BT 282.64 136.00 Td ( ) Tj ET Q q 0 0 0 rg BT 284.49 136.00 Td (The ) Tj ET Q q 0 0 0 rg BT 300.49 136.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 327.98 136.00 Td (bears ) Tj ET Q q 0 0 0 rg BT 348.97 136.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.46 136.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.96 136.00 Td (LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.96 136.00 Td ( ) Tj ET Q q 0 0 0 rg BT 414.96 136.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 431.96 136.00 Td (a ) Tj ET Q q 0 0 0 rg BT 437.96 136.00 Td (mar) Tj ET Q q 0 0 0 rg BT 451.79 136.00 Td (gin ) Tj ET Q q 0 0 0 rg BT 465.29 136.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.79 136.00 Td (2.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.04 136.00 Td ( ) Tj ET Q q 0 0 0 rg BT 500.04 136.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.04 136.00 Td (is ) Tj ET Q q 0 0 0 rg BT 523.04 136.00 Td (repayable ) Tj ET Q q 0 0 0 rg BT 560.02 136.00 Td (over ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 125.20 Td (a ) Tj ET Q q 0 0 0 rg BT 42.19 125.20 Td (term ) Tj ET Q q 0 0 0 rg BT 60.88 125.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.58 125.20 Td (five) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.57 125.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.77 125.20 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.75 125.20 Td (. ) Tj ET Q q 0 0 0 rg BT 110.20 125.20 Td ( ) Tj ET Q q 0 0 0 rg BT 112.24 125.20 Td (The ) Tj ET Q q 0 0 0 rg BT 128.43 125.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 172.63 125.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 202.30 125.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.99 125.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 263.67 125.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.67 125.20 Td ( ) Tj ET Q q 0 0 0 rg BT 283.86 125.20 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.06 125.20 Td ($354.0 ) Tj ET Q q 0 0 0 rg BT 327.01 125.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.01 125.20 Td ( ) Tj ET Q q 0 0 0 rg BT 355.21 125.20 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.20 125.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 410.88 125.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.88 125.20 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.57 125.20 Td ($451.3 ) Tj ET Q q 0 0 0 rg BT 460.52 125.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.52 125.20 Td (\). ) Tj ET Q q 0 0 0 rg BT 493.97 125.20 Td ( ) Tj ET Q q 0 0 0 rg BT 496.16 125.20 Td (In ) Tj ET Q q 0 0 0 rg BT 505.86 125.20 Td (February ) Tj ET Q q 0 0 0 rg BT 540.54 125.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 562.99 125.20 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 114.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 63.36 114.40 Td (was ) Tj ET Q q 0 0 0 rg BT 79.22 114.40 Td (amended, ) Tj ET Q q 0 0 0 rg BT 115.82 114.40 Td (such ) Tj ET Q q 0 0 0 rg BT 134.19 114.40 Td (that ) Tj ET Q q 0 0 0 rg BT 149.55 114.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 179.41 114.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 212.27 114.40 Td (a ) Tj ET Q q 0 0 0 rg BT 218.14 114.40 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 254.98 114.40 Td (for ) Tj ET Q q 0 0 0 rg BT 267.34 114.40 Td (the ) Tj ET Q q 0 0 0 rg BT 280.20 114.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 307.56 114.40 Td (in ) Tj ET Q q 0 0 0 rg BT 316.43 114.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 352.27 114.40 Td (for ) Tj ET Q q 0 0 0 rg BT 364.64 114.40 Td (amendments ) Tj ET Q q 0 0 0 rg BT 411.99 114.40 Td (to ) Tj ET Q q 0 0 0 rg BT 420.86 114.40 Td (the ) Tj ET Q q 0 0 0 rg BT 433.72 114.40 Td (covenant ) Tj ET Q q 0 0 0 rg BT 468.07 114.40 Td (package, ) Tj ET Q q 0 0 0 rg BT 501.67 114.40 Td (principally ) Tj ET Q q 0 0 0 rg BT 542.53 114.40 Td (replacing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.60 Td (the ) Tj ET Q q 0 0 0 rg BT 49.54 103.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 92.20 103.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 126.22 103.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 164.75 103.60 Td (with ) Tj ET Q q 0 0 0 rg BT 183.29 103.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.31 103.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 255.84 103.60 Td (within ) Tj ET Q q 0 0 0 rg BT 281.38 103.60 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 317.03 103.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 347.06 103.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 370.09 103.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 405.86 103.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.22 103.60 Td (The ) Tj ET Q q 0 0 0 rg BT 424.75 103.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 462.27 103.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 475.79 103.60 Td (char) Tj ET Q q 0 0 0 rg BT 491.12 103.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 506.65 103.60 Td (by ) Tj ET Q q 0 0 0 rg BT 518.19 103.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 548.72 103.60 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.27 103.60 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 92.80 Td (per ) Tj ET Q q 0 0 0 rg BT 49.74 92.80 Td (annum ) Tj ET Q q 0 0 0 rg BT 76.49 92.80 Td (of ) Tj ET Q q 0 0 0 rg BT 86.23 92.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.48 92.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 143.73 92.80 Td (principal.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 749.25 Td (ransactions with ) Tj ET Q q 0 0 0 rg BT 114.16 749.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 125.64 749.25 Td (cher) Tj ET Q q 0 0 0 rg BT 144.33 749.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 82.74 735.45 Td (Services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 721.65 Td (e ) Tj ET Q q 0 0 0 rg BT 49.90 721.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 78.00 721.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.61 721.65 Td (technical ) Tj ET Q q 0 0 0 rg BT 139.22 721.65 Td (engineering ) Tj ET Q q 0 0 0 rg BT 183.84 721.65 Td (services ) Tj ET Q q 0 0 0 rg BT 214.95 721.65 Td (from ) Tj ET Q q 0 0 0 rg BT 234.58 721.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 261.19 721.65 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 305.81 721.65 Td (of ) Tj ET Q q 0 0 0 rg BT 314.97 721.65 Td (Archer ) Tj ET Q q 0 0 0 rg BT 342.08 721.65 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 374.80 721.65 Td (The ) Tj ET Q q 0 0 0 rg BT 390.92 721.65 Td (char) Tj ET Q q 0 0 0 rg BT 406.24 721.65 Td (ged ) Tj ET Q q 0 0 0 rg BT 421.37 721.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 450.49 721.65 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.62 721.65 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 484.50 721.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 721.65 Td (, ) Tj ET Q q 0 0 0 rg BT 514.88 721.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.01 721.65 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 534.89 721.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.89 721.65 Td ( ) Tj ET Q q 0 0 0 rg BT 563.02 721.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 710.85 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 54.84 710.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.84 710.85 Td ( ) Tj ET Q q 0 0 0 rg BT 83.93 710.85 Td (for ) Tj ET Q q 0 0 0 rg BT 97.51 710.85 Td (the ) Tj ET Q q 0 0 0 rg BT 111.59 710.85 Td (years ) Tj ET Q q 0 0 0 rg BT 133.67 710.85 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.24 710.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 211.81 710.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.81 710.85 Td (, ) Tj ET Q q 0 0 0 rg BT 235.14 710.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.23 710.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.23 710.85 Td ( ) Tj ET Q q 0 0 0 rg BT 259.32 710.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.40 710.85 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.40 710.85 Td (, ) Tj ET Q q 0 0 0 rg BT 298.74 710.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 341.63 710.85 Td (. ) Tj ET Q q 0 0 0 rg BT 346.29 710.85 Td (Archer ) Tj ET Q q 0 0 0 rg BT 374.36 710.85 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 408.19 710.85 Td (is ) Tj ET Q q 0 0 0 rg BT 417.28 710.85 Td (a ) Tj ET Q q 0 0 0 rg BT 424.36 710.85 Td (company ) Tj ET Q q 0 0 0 rg BT 460.44 710.85 Td (in ) Tj ET Q q 0 0 0 rg BT 470.53 710.85 Td (which ) Tj ET Q q 0 0 0 rg BT 495.61 710.85 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 528.94 710.85 Td (our ) Tj ET Q q 0 0 0 rg BT 544.03 710.85 Td (principal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.05 Td (shareholder) Tj ET Q q 0 0 0 rg BT 77.62 700.05 Td (, ) Tj ET Q q 0 0 0 rg BT 82.12 700.05 Td (is ) Tj ET Q q 0 0 0 rg BT 90.37 700.05 Td (a ) Tj ET Q q 0 0 0 rg BT 96.62 700.05 Td (lar) Tj ET Q q 0 0 0 rg BT 105.95 700.05 Td (ge ) Tj ET Q q 0 0 0 rg BT 116.69 700.05 Td (shareholder) Tj ET Q q 0 0 0 rg BT 158.18 700.05 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 671.25 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 671.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 93.48 671.25 Td (ests of experts and counsel.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.45 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 657.45 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 628.65 Td (ITEM 8. ) Tj ET Q q 0 0 0 rg BT 108.00 628.65 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 164.12 628.65 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 214.76 628.65 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 613.65 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 613.65 Td (Consolidated Statements and Other) Tj ET Q q 0 0 0 rg BT 224.32 613.65 Td ( Financial Information) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 599.85 Td (See ) Tj ET Q q 0 0 0 rg BT 51.24 599.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 73.98 599.85 Td (18. ) Tj ET Q q 0 0 0 rg BT 87.48 599.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 123.22 599.85 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 571.05 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 72.75 571.05 Td (oceedings ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (The ) Tj ET Q q 0 0 0 rg BT 52.97 557.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.95 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 99.93 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.91 557.25 Td (party) Tj ET Q q 0 0 0 rg BT 124.81 557.25 Td (, ) Tj ET Q q 0 0 0 rg BT 130.04 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 140.52 557.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 166.35 557.25 Td (f ) Tj ET Q q 0 0 0 rg BT 172.33 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 182.80 557.25 Td (defendant, ) Tj ET Q q 0 0 0 rg BT 223.51 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.49 557.25 Td (some ) Tj ET Q q 0 0 0 rg BT 255.47 557.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 287.95 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.93 557.25 Td (various ) Tj ET Q q 0 0 0 rg BT 327.41 557.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 374.88 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 388.36 557.25 Td (demurrage, ) Tj ET Q q 0 0 0 rg BT 432.07 557.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 468.78 557.25 Td (of) Tj ET Q q 0 0 0 rg BT 476.12 557.25 Td (f-hire ) Tj ET Q q 0 0 0 rg BT 499.08 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.06 557.25 Td (other ) Tj ET Q q 0 0 0 rg BT 536.53 557.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 563.00 557.25 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 546.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 80.17 546.45 Td (disputes ) Tj ET Q q 0 0 0 rg BT 111.36 546.45 Td (arising ) Tj ET Q q 0 0 0 rg BT 137.54 546.45 Td (from ) Tj ET Q q 0 0 0 rg BT 156.73 546.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.41 546.45 Td (construction ) Tj ET Q q 0 0 0 rg BT 215.59 546.45 Td (or ) Tj ET Q q 0 0 0 rg BT 224.78 546.45 Td (operation ) Tj ET Q q 0 0 0 rg BT 260.46 546.45 Td (of ) Tj ET Q q 0 0 0 rg BT 269.64 546.45 Td (its ) Tj ET Q q 0 0 0 rg BT 279.84 546.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.03 546.45 Td (units, ) Tj ET Q q 0 0 0 rg BT 329.47 546.45 Td (in ) Tj ET Q q 0 0 0 rg BT 338.16 546.45 Td (the ) Tj ET Q q 0 0 0 rg BT 350.85 546.45 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 383.02 546.45 Td (course ) Tj ET Q q 0 0 0 rg BT 408.20 546.45 Td (of ) Tj ET Q q 0 0 0 rg BT 417.39 546.45 Td (business ) Tj ET Q q 0 0 0 rg BT 449.58 546.45 Td (or ) Tj ET Q q 0 0 0 rg BT 458.77 546.45 Td (in ) Tj ET Q q 0 0 0 rg BT 467.46 546.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 508.63 546.45 Td (with ) Tj ET Q q 0 0 0 rg BT 526.33 546.45 Td (its ) Tj ET Q q 0 0 0 rg BT 536.52 546.45 Td (acquisition ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 535.65 Td (activities.Other ) Tj ET Q q 0 0 0 rg BT 97.82 535.65 Td (than ) Tj ET Q q 0 0 0 rg BT 115.40 535.65 Td (as ) Tj ET Q q 0 0 0 rg BT 124.98 535.65 Td (noted ) Tj ET Q q 0 0 0 rg BT 147.06 535.65 Td (below ) Tj ET Q q 0 0 0 rg BT 171.14 535.65 Td (the ) Tj ET Q q 0 0 0 rg BT 184.22 535.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.30 535.65 Td (believes ) Tj ET Q q 0 0 0 rg BT 252.88 535.65 Td (that ) Tj ET Q q 0 0 0 rg BT 268.46 535.65 Td (the ) Tj ET Q q 0 0 0 rg BT 281.54 535.65 Td (resolution ) Tj ET Q q 0 0 0 rg BT 319.62 535.65 Td (of ) Tj ET Q q 0 0 0 rg BT 329.20 535.65 Td (such ) Tj ET Q q 0 0 0 rg BT 347.78 535.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 373.36 535.65 Td (will ) Tj ET Q q 0 0 0 rg BT 389.45 535.65 Td (not ) Tj ET Q q 0 0 0 rg BT 403.04 535.65 Td (have ) Tj ET Q q 0 0 0 rg BT 422.11 535.65 Td (a ) Tj ET Q q 0 0 0 rg BT 428.19 535.65 Td (material ) Tj ET Q q 0 0 0 rg BT 459.76 535.65 Td (adverse ) Tj ET Q q 0 0 0 rg BT 489.33 535.65 Td (ef) Tj ET Q q 0 0 0 rg BT 496.16 535.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 511.73 535.65 Td (on ) Tj ET Q q 0 0 0 rg BT 522.81 535.65 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 535.65 Td (Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 524.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.83 524.85 Td (or ) Tj ET Q q 0 0 0 rg BT 85.66 524.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.49 524.85 Td (condition ) Tj ET Q q 0 0 0 rg BT 155.82 524.85 Td (either ) Tj ET Q q 0 0 0 rg BT 178.65 524.85 Td (individually ) Tj ET Q q 0 0 0 rg BT 224.48 524.85 Td (or ) Tj ET Q q 0 0 0 rg BT 234.32 524.85 Td (in ) Tj ET Q q 0 0 0 rg BT 243.66 524.85 Td (the ) Tj ET Q q 0 0 0 rg BT 256.99 524.85 Td (aggregate. ) Tj ET Q q 0 0 0 rg BT 296.39 524.85 Td (The ) Tj ET Q q 0 0 0 rg BT 312.72 524.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 355.18 524.85 Td (best ) Tj ET Q q 0 0 0 rg BT 372.02 524.85 Td (estimate ) Tj ET Q q 0 0 0 rg BT 404.34 524.85 Td (of ) Tj ET Q q 0 0 0 rg BT 414.18 524.85 Td (the ) Tj ET Q q 0 0 0 rg BT 427.51 524.85 Td (outcome ) Tj ET Q q 0 0 0 rg BT 460.84 524.85 Td (of ) Tj ET Q q 0 0 0 rg BT 470.68 524.85 Td (the ) Tj ET Q q 0 0 0 rg BT 484.01 524.85 Td (various ) Tj ET Q q 0 0 0 rg BT 512.85 524.85 Td (disputes ) Tj ET Q q 0 0 0 rg BT 544.69 524.85 Td (has ) Tj ET Q q 0 0 0 rg BT 559.02 524.85 Td (been ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.05 Td (reflected ) Tj ET Q q 0 0 0 rg BT 69.72 514.05 Td (in ) Tj ET Q q 0 0 0 rg BT 78.97 514.05 Td (the ) Tj ET Q q 0 0 0 rg BT 92.22 514.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 125.95 514.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 166.19 514.05 Td (of ) Tj ET Q q 0 0 0 rg BT 175.94 514.05 Td (the ) Tj ET Q q 0 0 0 rg BT 189.18 514.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.43 514.05 Td (as ) Tj ET Q q 0 0 0 rg BT 236.18 514.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.93 514.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 298.65 514.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.65 514.05 Td ( ) Tj ET Q q 0 0 0 rg BT 318.90 514.05 Td (which ) Tj ET Q q 0 0 0 rg BT 343.15 514.05 Td (is ) Tj ET Q q 0 0 0 rg BT 351.40 514.05 Td (not ) Tj ET Q q 0 0 0 rg BT 365.15 514.05 Td (material ) Tj ET Q q 0 0 0 rg BT 396.88 514.05 Td (except ) Tj ET Q q 0 0 0 rg BT 422.62 514.05 Td (as ) Tj ET Q q 0 0 0 rg BT 432.36 514.05 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 469.60 514.05 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 505.35 514.05 Td (below) Tj ET Q q 0 0 0 rg BT 526.76 514.05 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 486.45 Td (In ) Tj ET Q q 0 0 0 rg BT 45.75 486.45 Td (December ) Tj ET Q q 0 0 0 rg BT 84.98 486.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 107.48 486.45 Td (a ) Tj ET Q q 0 0 0 rg BT 113.73 486.45 Td (purported ) Tj ET Q q 0 0 0 rg BT 150.97 486.45 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 195.20 486.45 Td (class ) Tj ET Q q 0 0 0 rg BT 214.95 486.45 Td (action ) Tj ET Q q 0 0 0 rg BT 239.19 486.45 Td (lawsuit, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.69 486.45 Td (Fuchs ) Tj ET Q q 0 0 0 rg BT 293.94 486.45 Td (et ) Tj ET Q q 0 0 0 rg BT 302.69 486.45 Td (al. ) Tj ET Q q 0 0 0 rg BT 314.19 486.45 Td (v) Tj ET Q q 0 0 0 rg BT 317.52 486.45 Td (. ) Tj ET Q q 0 0 0 rg BT 322.02 486.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 352.77 486.45 Td (Limited ) Tj ET Q q 0 0 0 rg BT 382.52 486.45 Td (et ) Tj ET Q q 0 0 0 rg BT 391.27 486.45 Td (al.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.52 486.45 Td (, ) Tj ET Q q 0 0 0 rg BT 405.02 486.45 Td (No. ) Tj ET Q q 0 0 0 rg BT 420.53 486.45 Td (14-cv-9642 ) Tj ET Q q 0 0 0 rg BT 464.27 486.45 Td (\(LGS\)\(KNF\), ) Tj ET Q q 0 0 0 rg BT 515.76 486.45 Td (was ) Tj ET Q q 0 0 0 rg BT 532.01 486.45 Td (filed ) Tj ET Q q 0 0 0 rg BT 550.76 486.45 Td (in ) Tj ET Q q 0 0 0 rg BT 560.01 486.45 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 475.65 Td (District ) Tj ET Q q 0 0 0 rg BT 65.18 475.65 Td (Court ) Tj ET Q q 0 0 0 rg BT 87.86 475.65 Td (for ) Tj ET Q q 0 0 0 rg BT 100.53 475.65 Td (the ) Tj ET Q q 0 0 0 rg BT 113.70 475.65 Td (Southern ) Tj ET Q q 0 0 0 rg BT 148.38 475.65 Td (District ) Tj ET Q q 0 0 0 rg BT 177.56 475.65 Td (of ) Tj ET Q q 0 0 0 rg BT 187.23 475.65 Td (New ) Tj ET Q q 0 0 0 rg BT 206.08 475.65 Td (Y) Tj ET Q q 0 0 0 rg BT 211.68 475.65 Td (ork, ) Tj ET Q q 0 0 0 rg BT 228.11 475.65 Td (alleging, ) Tj ET Q q 0 0 0 rg BT 261.53 475.65 Td (among ) Tj ET Q q 0 0 0 rg BT 288.20 475.65 Td (other ) Tj ET Q q 0 0 0 rg BT 308.88 475.65 Td (things, ) Tj ET Q q 0 0 0 rg BT 335.31 475.65 Td (that ) Tj ET Q q 0 0 0 rg BT 350.98 475.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 381.16 475.65 Td (and ) Tj ET Q q 0 0 0 rg BT 396.33 475.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 422.99 475.65 Td (of ) Tj ET Q q 0 0 0 rg BT 432.67 475.65 Td (its ) Tj ET Q q 0 0 0 rg BT 443.35 475.65 Td (executives ) Tj ET Q q 0 0 0 rg BT 483.51 475.65 Td (made ) Tj ET Q q 0 0 0 rg BT 505.18 475.65 Td (materially ) Tj ET Q q 0 0 0 rg BT 543.85 475.65 Td (false ) Tj ET Q q 0 0 0 rg BT 563.02 475.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 464.85 Td (misleading ) Tj ET Q q 0 0 0 rg BT 78.28 464.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 119.05 464.85 Td (in ) Tj ET Q q 0 0 0 rg BT 128.83 464.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 171.10 464.85 Td (with ) Tj ET Q q 0 0 0 rg BT 189.88 464.85 Td (the ) Tj ET Q q 0 0 0 rg BT 203.66 464.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 237.43 464.85 Td (of ) Tj ET Q q 0 0 0 rg BT 247.71 464.85 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 287.74 464.85 Td (In ) Tj ET Q q 0 0 0 rg BT 298.02 464.85 Td (January ) Tj ET Q q 0 0 0 rg BT 328.79 464.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 351.82 464.85 Td (a ) Tj ET Q q 0 0 0 rg BT 358.59 464.85 Td (second ) Tj ET Q q 0 0 0 rg BT 386.37 464.85 Td (purported ) Tj ET Q q 0 0 0 rg BT 424.14 464.85 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 468.90 464.85 Td (class ) Tj ET Q q 0 0 0 rg BT 489.18 464.85 Td (action ) Tj ET Q q 0 0 0 rg BT 513.95 464.85 Td (lawsuit, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.98 464.85 Td (Her) Tj ET Q q 0 0 0 rg BT 558.64 464.85 Td (on ) Tj ET Q q 0 0 0 rg BT 570.42 464.85 Td (v) Tj ET Q q 0 0 0 rg BT 573.75 464.85 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 454.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.44 454.05 Td (Limited ) Tj ET Q q 0 0 0 rg BT 95.88 454.05 Td (et ) Tj ET Q q 0 0 0 rg BT 104.32 454.05 Td (al.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.57 454.05 Td (, ) Tj ET Q q 0 0 0 rg BT 117.76 454.05 Td (No. ) Tj ET Q q 0 0 0 rg BT 132.95 454.05 Td (15-cv-0429 ) Tj ET Q q 0 0 0 rg BT 176.38 454.05 Td (\(LGS\)\(KNF\), ) Tj ET Q q 0 0 0 rg BT 227.56 454.05 Td (was ) Tj ET Q q 0 0 0 rg BT 243.50 454.05 Td (filed ) Tj ET Q q 0 0 0 rg BT 261.93 454.05 Td (in ) Tj ET Q q 0 0 0 rg BT 270.87 454.05 Td (the ) Tj ET Q q 0 0 0 rg BT 283.81 454.05 Td (same ) Tj ET Q q 0 0 0 rg BT 304.24 454.05 Td (court ) Tj ET Q q 0 0 0 rg BT 324.67 454.05 Td (on ) Tj ET Q q 0 0 0 rg BT 335.61 454.05 Td (similar ) Tj ET Q q 0 0 0 rg BT 362.55 454.05 Td (grounds. ) Tj ET Q q 0 0 0 rg BT 395.74 454.05 Td (In ) Tj ET Q q 0 0 0 rg BT 405.18 454.05 Td (March ) Tj ET Q q 0 0 0 rg BT 430.61 454.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 452.80 454.05 Td (a ) Tj ET Q q 0 0 0 rg BT 458.73 454.05 Td (third ) Tj ET Q q 0 0 0 rg BT 477.67 454.05 Td (purported ) Tj ET Q q 0 0 0 rg BT 514.60 454.05 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 558.52 454.05 Td (class ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.25 Td (action ) Tj ET Q q 0 0 0 rg BT 60.45 443.25 Td (lawsuit, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.16 443.25 Td (Glow ) Tj ET Q q 0 0 0 rg BT 113.12 443.25 Td (v) Tj ET Q q 0 0 0 rg BT 116.44 443.25 Td (. ) Tj ET Q q 0 0 0 rg BT 121.15 443.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 152.11 443.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 182.07 443.25 Td (et ) Tj ET Q q 0 0 0 rg BT 191.03 443.25 Td (al.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.28 443.25 Td (, ) Tj ET Q q 0 0 0 rg BT 204.98 443.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 220.69 443.25 Td (15-cv-1770 ) Tj ET Q q 0 0 0 rg BT 264.64 443.25 Td (\(LGS\)\(KNF\), ) Tj ET Q q 0 0 0 rg BT 316.35 443.25 Td (was ) Tj ET Q q 0 0 0 rg BT 332.80 443.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 351.75 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.21 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.67 443.25 Td (same ) Tj ET Q q 0 0 0 rg BT 395.62 443.25 Td (court ) Tj ET Q q 0 0 0 rg BT 416.57 443.25 Td (on ) Tj ET Q q 0 0 0 rg BT 428.03 443.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 455.48 443.25 Td (grounds. ) Tj ET Q q 0 0 0 rg BT 489.19 443.25 Td (On ) Tj ET Q q 0 0 0 rg BT 502.65 443.25 Td (March ) Tj ET Q q 0 0 0 rg BT 528.60 443.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 542.31 443.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 565.02 443.25 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 432.45 Td (court ) Tj ET Q q 0 0 0 rg BT 57.01 432.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 105.01 432.45 Td (these ) Tj ET Q q 0 0 0 rg BT 126.02 432.45 Td (complaints ) Tj ET Q q 0 0 0 rg BT 168.02 432.45 Td (into ) Tj ET Q q 0 0 0 rg BT 184.54 432.45 Td (a ) Tj ET Q q 0 0 0 rg BT 191.05 432.45 Td (single ) Tj ET Q q 0 0 0 rg BT 215.06 432.45 Td (action. ) Tj ET Q q 0 0 0 rg BT 241.82 432.45 Td (On ) Tj ET Q q 0 0 0 rg BT 255.33 432.45 Td (June ) Tj ET Q q 0 0 0 rg BT 274.34 432.45 Td (23, ) Tj ET Q q 0 0 0 rg BT 288.11 432.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 308.62 432.45 Td (the ) Tj ET Q q 0 0 0 rg BT 322.13 432.45 Td (court ) Tj ET Q q 0 0 0 rg BT 343.14 432.45 Td (appointed ) Tj ET Q q 0 0 0 rg BT 381.14 432.45 Td (co-lead ) Tj ET Q q 0 0 0 rg BT 410.14 432.45 Td (plaintif) Tj ET Q q 0 0 0 rg BT 435.97 432.45 Td (fs ) Tj ET Q q 0 0 0 rg BT 444.98 432.45 Td (and ) Tj ET Q q 0 0 0 rg BT 460.49 432.45 Td (co-lead ) Tj ET Q q 0 0 0 rg BT 489.49 432.45 Td (counsel ) Tj ET Q q 0 0 0 rg BT 519.50 432.45 Td (and ) Tj ET Q q 0 0 0 rg BT 535.01 432.45 Td (ordered ) Tj ET Q q 0 0 0 rg BT 565.00 432.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 421.65 Td (co-lead ) Tj ET Q q 0 0 0 rg BT 64.73 421.65 Td (plaintif) Tj ET Q q 0 0 0 rg BT 90.56 421.65 Td (fs ) Tj ET Q q 0 0 0 rg BT 99.31 421.65 Td (to ) Tj ET Q q 0 0 0 rg BT 108.56 421.65 Td (file ) Tj ET Q q 0 0 0 rg BT 122.81 421.65 Td (a ) Tj ET Q q 0 0 0 rg BT 129.05 421.65 Td (single ) Tj ET Q q 0 0 0 rg BT 152.80 421.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.54 421.65 Td (amended ) Tj ET Q q 0 0 0 rg BT 235.27 421.65 Td (by ) Tj ET Q q 0 0 0 rg BT 246.52 421.65 Td (complaint ) Tj ET Q q 0 0 0 rg BT 284.76 421.65 Td (by ) Tj ET Q q 0 0 0 rg BT 296.01 421.65 Td (July ) Tj ET Q q 0 0 0 rg BT 313.26 421.65 Td (23, ) Tj ET Q q 0 0 0 rg BT 326.76 421.65 Td (2015. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.05 Td (The ) Tj ET Q q 0 0 0 rg BT 51.67 394.05 Td (amended ) Tj ET Q q 0 0 0 rg BT 85.83 394.05 Td (complaint ) Tj ET Q q 0 0 0 rg BT 123.50 394.05 Td (was ) Tj ET Q q 0 0 0 rg BT 139.18 394.05 Td (filed ) Tj ET Q q 0 0 0 rg BT 157.35 394.05 Td (on ) Tj ET Q q 0 0 0 rg BT 168.02 394.05 Td (July ) Tj ET Q q 0 0 0 rg BT 184.70 394.05 Td (23, ) Tj ET Q q 0 0 0 rg BT 197.63 394.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 217.31 394.05 Td (including ) Tj ET Q q 0 0 0 rg BT 252.98 394.05 Td (North ) Tj ET Q q 0 0 0 rg BT 275.29 394.05 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 305.96 394.05 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 336.13 394.05 Td (as ) Tj ET Q q 0 0 0 rg BT 345.31 394.05 Td (a ) Tj ET Q q 0 0 0 rg BT 350.98 394.05 Td (defendant. ) Tj ET Q q 0 0 0 rg BT 390.39 394.05 Td ( ) Tj ET Q q 0 0 0 rg BT 392.07 394.05 Td (It ) Tj ET Q q 0 0 0 rg BT 399.24 394.05 Td (alleges, ) Tj ET Q q 0 0 0 rg BT 428.16 394.05 Td (among ) Tj ET Q q 0 0 0 rg BT 454.33 394.05 Td (other ) Tj ET Q q 0 0 0 rg BT 474.50 394.05 Td (things, ) Tj ET Q q 0 0 0 rg BT 500.43 394.05 Td (that ) Tj ET Q q 0 0 0 rg BT 515.60 394.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 545.27 394.05 Td (Limited, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.25 Td (North ) Tj ET Q q 0 0 0 rg BT 58.16 383.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 88.64 383.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 118.62 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.11 383.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 159.08 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.06 383.25 Td (our ) Tj ET Q q 0 0 0 rg BT 181.55 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.03 383.25 Td (its ) Tj ET Q q 0 0 0 rg BT 206.03 383.25 Td (executives ) Tj ET Q q 0 0 0 rg BT 245.50 383.25 Td (made ) Tj ET Q q 0 0 0 rg BT 266.47 383.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 304.45 383.25 Td (false ) Tj ET Q q 0 0 0 rg BT 322.92 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.41 383.25 Td (misleading ) Tj ET Q q 0 0 0 rg BT 378.39 383.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 417.87 383.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.36 383.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 467.33 383.25 Td (with ) Tj ET Q q 0 0 0 rg BT 484.82 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 383.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 529.79 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.77 383.25 Td (dividends, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 372.45 Td (the ) Tj ET Q q 0 0 0 rg BT 48.89 372.45 Td (failure ) Tj ET Q q 0 0 0 rg BT 74.27 372.45 Td (to ) Tj ET Q q 0 0 0 rg BT 83.17 372.45 Td (disclose ) Tj ET Q q 0 0 0 rg BT 114.06 372.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.95 372.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 145.84 372.45 Td (to ) Tj ET Q q 0 0 0 rg BT 154.74 372.45 Td (the ) Tj ET Q q 0 0 0 rg BT 167.63 372.45 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 197.52 372.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 238.90 372.45 Td (as ) Tj ET Q q 0 0 0 rg BT 248.29 372.45 Td (a ) Tj ET Q q 0 0 0 rg BT 254.18 372.45 Td (result ) Tj ET Q q 0 0 0 rg BT 276.07 372.45 Td (of ) Tj ET Q q 0 0 0 rg BT 285.46 372.45 Td (various ) Tj ET Q q 0 0 0 rg BT 313.85 372.45 Td (enacted ) Tj ET Q q 0 0 0 rg BT 343.23 372.45 Td (government ) Tj ET Q q 0 0 0 rg BT 388.11 372.45 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 423.50 372.45 Td (and ) Tj ET Q q 0 0 0 rg BT 438.39 372.45 Td (the ) Tj ET Q q 0 0 0 rg BT 451.28 372.45 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 486.17 372.45 Td (in ) Tj ET Q q 0 0 0 rg BT 495.07 372.45 Td (backlog ) Tj ET Q q 0 0 0 rg BT 525.45 372.45 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.85 372.45 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 552.49 372.45 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 575.99 372.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 361.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 79.23 361.65 Td (to ) Tj ET Q q 0 0 0 rg BT 88.48 361.65 Td (the ) Tj ET Q q 0 0 0 rg BT 101.73 361.65 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 131.98 361.65 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 175.96 361.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 334.05 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 79.08 334.05 Td (filed ) Tj ET Q q 0 0 0 rg BT 97.68 334.05 Td (their ) Tj ET Q q 0 0 0 rg BT 116.27 334.05 Td (Motion ) Tj ET Q q 0 0 0 rg BT 144.87 334.05 Td (to ) Tj ET Q q 0 0 0 rg BT 153.97 334.05 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 185.08 334.05 Td (the ) Tj ET Q q 0 0 0 rg BT 198.17 334.05 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 238.27 334.05 Td (on ) Tj ET Q q 0 0 0 rg BT 249.37 334.05 Td (October ) Tj ET Q q 0 0 0 rg BT 280.46 334.05 Td (13, ) Tj ET Q q 0 0 0 rg BT 293.81 334.05 Td (2015. ) Tj ET Q q 0 0 0 rg BT 316.01 334.05 Td (The ) Tj ET Q q 0 0 0 rg BT 332.10 334.05 Td (plaintif) Tj ET Q q 0 0 0 rg BT 357.93 334.05 Td (fs, ) Tj ET Q q 0 0 0 rg BT 368.78 334.05 Td (in ) Tj ET Q q 0 0 0 rg BT 377.88 334.05 Td (turn, ) Tj ET Q q 0 0 0 rg BT 396.72 334.05 Td (filed ) Tj ET Q q 0 0 0 rg BT 415.32 334.05 Td (their ) Tj ET Q q 0 0 0 rg BT 433.91 334.05 Td (Opposition ) Tj ET Q q 0 0 0 rg BT 476.01 334.05 Td (to ) Tj ET Q q 0 0 0 rg BT 485.11 334.05 Td (the ) Tj ET Q q 0 0 0 rg BT 498.21 334.05 Td (Motion ) Tj ET Q q 0 0 0 rg BT 526.81 334.05 Td (to ) Tj ET Q q 0 0 0 rg BT 535.91 334.05 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 567.02 334.05 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.25 Td (November ) Tj ET Q q 0 0 0 rg BT 76.31 323.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 89.88 323.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 110.19 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.51 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.82 323.25 Td (defendants ) Tj ET Q q 0 0 0 rg BT 180.13 323.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 198.94 323.25 Td (their ) Tj ET Q q 0 0 0 rg BT 217.75 323.25 Td (Reply ) Tj ET Q q 0 0 0 rg BT 241.57 323.25 Td (Brief ) Tj ET Q q 0 0 0 rg BT 262.38 323.25 Td (on ) Tj ET Q q 0 0 0 rg BT 273.70 323.25 Td (December ) Tj ET Q q 0 0 0 rg BT 312.99 323.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 322.06 323.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 344.63 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.44 323.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 382.76 323.25 Td (we ) Tj ET Q q 0 0 0 rg BT 395.57 323.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 420.39 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.71 323.25 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 470.53 323.25 Td (defend ) Tj ET Q q 0 0 0 rg BT 497.33 323.25 Td (this ) Tj ET Q q 0 0 0 rg BT 512.66 323.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 539.21 323.25 Td (we ) Tj ET Q q 0 0 0 rg BT 552.03 323.25 Td (cannot ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 312.45 Td (predict ) Tj ET Q q 0 0 0 rg BT 63.74 312.45 Td (the ) Tj ET Q q 0 0 0 rg BT 77.49 312.45 Td (outcome ) Tj ET Q q 0 0 0 rg BT 111.24 312.45 Td (of ) Tj ET Q q 0 0 0 rg BT 121.49 312.45 Td (this ) Tj ET Q q 0 0 0 rg BT 137.25 312.45 Td (case, ) Tj ET Q q 0 0 0 rg BT 157.74 312.45 Td (nor ) Tj ET Q q 0 0 0 rg BT 172.49 312.45 Td (can ) Tj ET Q q 0 0 0 rg BT 187.73 312.45 Td (we ) Tj ET Q q 0 0 0 rg BT 200.98 312.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 233.72 312.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.47 312.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 277.22 312.45 Td (of ) Tj ET Q q 0 0 0 rg BT 287.47 312.45 Td (any ) Tj ET Q q 0 0 0 rg BT 303.22 312.45 Td (possible ) Tj ET Q q 0 0 0 rg BT 335.48 312.45 Td (loss. ) Tj ET Q q 0 0 0 rg BT 353.88 312.45 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 398.28 312.45 Td (, ) Tj ET Q q 0 0 0 rg BT 403.29 312.45 Td (no ) Tj ET Q q 0 0 0 rg BT 415.04 312.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 431.80 312.45 Td (contingency ) Tj ET Q q 0 0 0 rg BT 478.54 312.45 Td (has ) Tj ET Q q 0 0 0 rg BT 493.29 312.45 Td (been ) Tj ET Q q 0 0 0 rg BT 513.03 312.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 555.26 312.45 Td (in ) Tj ET Q q 0 0 0 rg BT 565.02 312.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 301.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 78.37 301.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.10 301.65 Td (statements. ) Tj ET Q q 0 0 0 rg BT 154.60 301.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 274.05 Td (In ) Tj ET Q q 0 0 0 rg BT 44.94 274.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 78.13 274.05 Td (the ) Tj ET Q q 0 0 0 rg BT 90.56 274.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.00 274.05 Td (has ) Tj ET Q q 0 0 0 rg BT 140.44 274.05 Td (received ) Tj ET Q q 0 0 0 rg BT 172.36 274.05 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 208.29 274.05 Td (requests ) Tj ET Q q 0 0 0 rg BT 239.23 274.05 Td (for ) Tj ET Q q 0 0 0 rg BT 251.16 274.05 Td (information ) Tj ET Q q 0 0 0 rg BT 295.09 274.05 Td (from ) Tj ET Q q 0 0 0 rg BT 314.03 274.05 Td (the ) Tj ET Q q 0 0 0 rg BT 326.47 274.05 Td (Commission ) Tj ET Q q 0 0 0 rg BT 373.42 274.05 Td (concerning, ) Tj ET Q q 0 0 0 rg BT 417.09 274.05 Td (among ) Tj ET Q q 0 0 0 rg BT 443.03 274.05 Td (other ) Tj ET Q q 0 0 0 rg BT 462.96 274.05 Td (things, ) Tj ET Q q 0 0 0 rg BT 488.65 274.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 528.09 274.05 Td (in ) Tj ET Q q 0 0 0 rg BT 536.53 274.05 Td (connection ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 263.25 Td (with ) Tj ET Q q 0 0 0 rg BT 54.25 263.25 Td (its ) Tj ET Q q 0 0 0 rg BT 65.00 263.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 98.24 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.99 263.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 147.49 263.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 182.74 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.48 263.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 227.22 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.47 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.71 263.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 292.09 263.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 322.83 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.07 263.25 Td (its ) Tj ET Q q 0 0 0 rg BT 348.82 263.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 383.56 263.25 Td (with ) Tj ET Q q 0 0 0 rg BT 401.81 263.25 Td (Rosneft.) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 36 234.45029296874998 m 87.24462890625 234.45029296874998 l s q 0 0 0 rg BT 36.00 235.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.25 235.65 Td (Matters) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.85 Td (North ) Tj ET Q q 0 0 0 rg BT 58.72 221.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.92 221.85 Td (Drilling, ) Tj ET Q q 0 0 0 rg BT 122.89 221.85 Td (and ) Tj ET Q q 0 0 0 rg BT 138.09 221.85 Td (all ) Tj ET Q q 0 0 0 rg BT 149.30 221.85 Td (other ) Tj ET Q q 0 0 0 rg BT 170.01 221.85 Td (of) Tj ET Q q 0 0 0 rg BT 177.34 221.85 Td (fshore ) Tj ET Q q 0 0 0 rg BT 202.05 221.85 Td (contractors ) Tj ET Q q 0 0 0 rg BT 244.24 221.85 Td (that ) Tj ET Q q 0 0 0 rg BT 259.95 221.85 Td (are ) Tj ET Q q 0 0 0 rg BT 273.15 221.85 Td (members ) Tj ET Q q 0 0 0 rg BT 308.35 221.85 Td (of ) Tj ET Q q 0 0 0 rg BT 318.06 221.85 Td (the ) Tj ET Q q 0 0 0 rg BT 331.27 221.85 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 373.47 221.85 Td (Shipowners) Tj ET Q q 0 0 0 rg BT 418.30 221.85 Td ( ) Tj ET Q q 0 0 0 rg BT 420.02 221.85 Td (Association, ) Tj ET Q q 0 0 0 rg BT 466.98 221.85 Td (lost ) Tj ET Q q 0 0 0 rg BT 482.19 221.85 Td (a ) Tj ET Q q 0 0 0 rg BT 488.40 221.85 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 530.60 221.85 Td (court ) Tj ET Q q 0 0 0 rg BT 551.31 221.85 Td (case ) Tj ET Q q 0 0 0 rg BT 569.00 221.85 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 211.05 Td (July ) Tj ET Q q 0 0 0 rg BT 52.95 211.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.89 211.05 Td (concerning ) Tj ET Q q 0 0 0 rg BT 114.82 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 127.76 211.05 Td (pension ) Tj ET Q q 0 0 0 rg BT 157.71 211.05 Td (rights ) Tj ET Q q 0 0 0 rg BT 180.15 211.05 Td (of ) Tj ET Q q 0 0 0 rg BT 189.60 211.05 Td (night ) Tj ET Q q 0 0 0 rg BT 210.04 211.05 Td (shift ) Tj ET Q q 0 0 0 rg BT 227.99 211.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 279.92 211.05 Td (for ) Tj ET Q q 0 0 0 rg BT 292.36 211.05 Td (of) Tj ET Q q 0 0 0 rg BT 299.70 211.05 Td (fshore ) Tj ET Q q 0 0 0 rg BT 324.13 211.05 Td (workers. ) Tj ET Q q 0 0 0 rg BT 357.32 211.05 Td ( ) Tj ET Q q 0 0 0 rg BT 359.13 211.05 Td (The ) Tj ET Q q 0 0 0 rg BT 375.06 211.05 Td (case ) Tj ET Q q 0 0 0 rg BT 392.50 211.05 Td (has ) Tj ET Q q 0 0 0 rg BT 406.44 211.05 Td (been ) Tj ET Q q 0 0 0 rg BT 425.37 211.05 Td (appealed ) Tj ET Q q 0 0 0 rg BT 459.30 211.05 Td (to ) Tj ET Q q 0 0 0 rg BT 468.24 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 481.19 211.05 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 515.12 211.05 Td (Court ) Tj ET Q q 0 0 0 rg BT 537.57 211.05 Td (of ) Tj ET Q q 0 0 0 rg BT 547.01 211.05 Td (Norway ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 200.25 Td (by ) Tj ET Q q 0 0 0 rg BT 46.99 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 59.98 200.25 Td (members ) Tj ET Q q 0 0 0 rg BT 94.96 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.45 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.44 200.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 159.41 200.25 Td (Shipowners) Tj ET Q q 0 0 0 rg BT 204.24 200.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.79 200.25 Td (Association, ) Tj ET Q q 0 0 0 rg BT 252.53 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.52 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.50 200.25 Td (hearings ) Tj ET Q q 0 0 0 rg BT 312.98 200.25 Td (are ) Tj ET Q q 0 0 0 rg BT 325.96 200.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.93 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.93 200.25 Td (be ) Tj ET Q q 0 0 0 rg BT 379.41 200.25 Td (held ) Tj ET Q q 0 0 0 rg BT 396.90 200.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.89 200.25 Td (June ) Tj ET Q q 0 0 0 rg BT 424.38 200.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 446.62 200.25 Td ( ) Tj ET Q q 0 0 0 rg BT 448.61 200.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 465.60 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.59 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.58 200.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 530.05 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.54 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 552.53 200.25 Td (appeal ) Tj ET Q BT 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Tj ET Q q 0 0 0 rg BT 441.32 189.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 457.38 189.45 Td (contingency ) Tj ET Q q 0 0 0 rg BT 503.43 189.45 Td (has ) Tj ET Q q 0 0 0 rg BT 517.49 189.45 Td (been ) Tj ET Q q 0 0 0 rg BT 536.54 189.45 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 178.65 Td (within ) Tj ET Q q 0 0 0 rg BT 61.25 178.65 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 178.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 116.87 178.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.60 178.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 190.84 178.65 Td (as ) Tj ET Q q 0 0 0 rg BT 200.59 178.65 Td (at ) Tj ET Q q 0 0 0 rg BT 209.33 178.65 Td (December ) Tj ET Q q 0 0 0 rg BT 248.56 178.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 262.06 178.65 Td (2015. ) Tj ET Q q 0 0 0 rg BT 284.56 178.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.05 Td (In ) Tj ET Q q 0 0 0 rg BT 46.20 151.05 Td (February ) Tj ET Q q 0 0 0 rg BT 81.39 151.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 104.34 151.05 Td (the ) Tj ET Q q 0 0 0 rg BT 118.04 151.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 155.74 151.05 Td (was ) Tj ET Q q 0 0 0 rg BT 172.44 151.05 Td (notified ) Tj ET Q q 0 0 0 rg BT 203.14 151.05 Td (of ) Tj ET Q q 0 0 0 rg BT 213.34 151.05 Td (customer ) Tj ET Q q 0 0 0 rg BT 249.03 151.05 Td (claims ) Tj ET Q q 0 0 0 rg BT 275.23 151.05 Td (that ) Tj ET Q q 0 0 0 rg BT 291.42 151.05 Td (are ) Tj ET Q q 0 0 0 rg BT 305.11 151.05 Td (potentially ) Tj ET Q q 0 0 0 rg BT 346.31 151.05 Td (material ) Tj ET Q q 0 0 0 rg BT 378.49 151.05 Td (to ) Tj ET Q q 0 0 0 rg BT 388.20 151.05 Td (our ) Tj ET Q q 0 0 0 rg BT 402.90 151.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.08 151.05 Td (statements. ) Tj ET Q q 0 0 0 rg BT 479.43 151.05 Td (After ) Tj ET Q q 0 0 0 rg BT 501.12 151.05 Td (an ) Tj ET Q q 0 0 0 rg BT 512.32 151.05 Td (initial ) Tj ET Q q 0 0 0 rg BT 536.02 151.05 Td (assessment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.25 Td (including ) Tj ET Q q 0 0 0 rg BT 72.16 140.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 97.81 140.25 Td (from ) Tj ET Q q 0 0 0 rg BT 117.47 140.25 Td (external ) Tj ET Q q 0 0 0 rg BT 148.62 140.25 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 180.53 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.69 140.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.86 140.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 250.02 140.25 Td (refutes ) Tj ET Q q 0 0 0 rg BT 276.68 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.84 140.25 Td (validity ) Tj ET Q q 0 0 0 rg BT 319.50 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.16 140.25 Td (these ) Tj ET Q q 0 0 0 rg BT 349.82 140.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 375.48 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.64 140.25 Td (will ) Tj ET Q q 0 0 0 rg BT 406.81 140.25 Td (take ) Tj ET Q q 0 0 0 rg BT 423.97 140.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 467.11 140.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 494.77 140.25 Td (related ) Tj ET Q q 0 0 0 rg BT 521.42 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 530.59 140.25 Td (our ) Tj ET Q q 0 0 0 rg BT 544.75 140.25 Td (position. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 129.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.39 129.45 Td (client ) Tj ET Q q 0 0 0 rg BT 74.77 129.45 Td (has ) Tj ET Q q 0 0 0 rg BT 89.16 129.45 Td (withheld ) Tj ET Q q 0 0 0 rg BT 123.05 129.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 155.94 129.45 Td (from ) Tj ET Q q 0 0 0 rg BT 175.83 129.45 Td (invoice ) Tj ET Q q 0 0 0 rg BT 204.71 129.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 241.60 129.45 Td (due ) Tj ET Q q 0 0 0 rg BT 256.98 129.45 Td (in ) Tj ET Q q 0 0 0 rg BT 266.38 129.45 Td (the ) Tj ET Q q 0 0 0 rg BT 279.77 129.45 Td (first ) Tj ET Q q 0 0 0 rg BT 296.66 129.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 324.53 129.45 Td (of ) Tj ET Q q 0 0 0 rg BT 334.42 129.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 357.07 129.45 Td (which ) Tj ET Q q 0 0 0 rg BT 381.45 129.45 Td (total ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.84 129.45 Td ($36.2 ) Tj ET Q q 0 0 0 rg BT 422.49 129.45 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.49 129.45 Td (.No ) Tj ET Q q 0 0 0 rg BT 466.38 129.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 502.77 129.45 Td (has ) Tj ET Q q 0 0 0 rg BT 517.16 129.45 Td (been ) Tj ET Q q 0 0 0 rg BT 536.55 129.45 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 118.65 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 118.65 Td (relation ) Tj ET Q q 0 0 0 rg BT 74.99 118.65 Td (to ) Tj ET Q q 0 0 0 rg BT 84.24 118.65 Td (these ) Tj ET Q q 0 0 0 rg BT 104.98 118.65 Td (claims. ) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Dividend Policy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (Generally) Tj ET Q q 0 0 0 rg BT 70.90 735.45 Td (, ) Tj ET Q q 0 0 0 rg BT 75.18 735.45 Td (under ) Tj ET Q q 0 0 0 rg BT 97.71 735.45 Td (our ) Tj ET Q q 0 0 0 rg BT 111.74 735.45 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 150.02 735.45 Td (our ) Tj ET Q q 0 0 0 rg BT 164.05 735.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 188.08 735.45 Td (of ) Tj ET Q q 0 0 0 rg BT 197.62 735.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 233.14 735.45 Td (may ) Tj ET Q q 0 0 0 rg BT 250.67 735.45 Td (declare ) Tj ET Q q 0 0 0 rg BT 278.68 735.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 296.71 735.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 333.74 735.45 Td (or ) Tj ET Q q 0 0 0 rg BT 343.27 735.45 Td (distributions ) Tj ET Q q 0 0 0 rg BT 390.31 735.45 Td (out ) Tj ET Q q 0 0 0 rg BT 403.85 735.45 Td (of ) Tj ET Q q 0 0 0 rg BT 413.38 735.45 Td (retained ) Tj ET Q q 0 0 0 rg BT 444.40 735.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 476.93 735.45 Td (and ) Tj ET Q q 0 0 0 rg BT 491.96 735.45 Td (contributed ) Tj ET Q q 0 0 0 rg BT 534.98 735.45 Td (surplus ) Tj ET Q q 0 0 0 rg BT 563.02 735.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 724.65 Td (may ) Tj ET Q q 0 0 0 rg BT 53.33 724.65 Td (also ) Tj ET Q q 0 0 0 rg BT 69.66 724.65 Td (pay ) Tj ET Q q 0 0 0 rg BT 84.49 724.65 Td (a ) Tj ET Q q 0 0 0 rg BT 90.32 724.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 110.64 724.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.47 724.65 Td (dividend ) Tj ET Q q 0 0 0 rg BT 161.80 724.65 Td (biannually ) Tj ET Q q 0 0 0 rg BT 201.62 724.65 Td (or ) Tj ET Q q 0 0 0 rg BT 210.95 724.65 Td (on ) Tj ET Q q 0 0 0 rg BT 221.78 724.65 Td (other ) Tj ET Q q 0 0 0 rg BT 242.11 724.65 Td (dates. ) Tj ET Q q 0 0 0 rg BT 264.69 724.65 Td (However) Tj ET Q q 0 0 0 rg BT 297.31 724.65 Td (, ) Tj ET Q q 0 0 0 rg BT 301.39 724.65 Td (our ) Tj ET Q q 0 0 0 rg BT 315.22 724.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 339.05 724.65 Td (previously ) Tj ET Q q 0 0 0 rg BT 378.88 724.65 Td (suspended ) Tj ET Q q 0 0 0 rg BT 418.21 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 431.04 724.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 463.86 724.65 Td (of ) Tj ET Q q 0 0 0 rg BT 473.19 724.65 Td (dividends ) Tj ET Q q 0 0 0 rg BT 510.02 724.65 Td (in ) Tj ET Q q 0 0 0 rg BT 518.86 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 531.69 724.65 Td (third ) Tj ET Q q 0 0 0 rg BT 550.52 724.65 Td (quarter ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 713.85 Td (of ) Tj ET Q q 0 0 0 rg BT 45.63 713.85 Td (2014. ) Tj ET Q q 0 0 0 rg BT 67.55 713.85 Td (Additionally) Tj ET Q q 0 0 0 rg BT 112.46 713.85 Td (, ) Tj ET Q q 0 0 0 rg BT 116.84 713.85 Td (in ) Tj ET Q q 0 0 0 rg BT 125.98 713.85 Td (May ) Tj ET Q q 0 0 0 rg BT 144.61 713.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 166.99 713.85 Td (as ) Tj ET Q q 0 0 0 rg BT 176.63 713.85 Td (part ) Tj ET Q q 0 0 0 rg BT 192.75 713.85 Td (of ) Tj ET Q q 0 0 0 rg BT 202.38 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 215.51 713.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 263.14 713.85 Td (to ) Tj ET Q q 0 0 0 rg BT 272.27 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 285.40 713.85 Td (covenants ) Tj ET Q q 0 0 0 rg BT 323.52 713.85 Td (contained ) Tj ET Q q 0 0 0 rg BT 360.64 713.85 Td (in ) Tj ET Q q 0 0 0 rg BT 369.78 713.85 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 405.03 713.85 Td (senior ) Tj ET Q q 0 0 0 rg BT 429.16 713.85 Td (secured ) Tj ET Q q 0 0 0 rg BT 458.78 713.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 481.40 713.85 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 516.77 713.85 Td (we ) Tj ET Q q 0 0 0 rg BT 529.40 713.85 Td (are ) Tj ET Q q 0 0 0 rg BT 542.52 713.85 Td (restricted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.05 Td (from ) Tj ET Q q 0 0 0 rg BT 55.68 703.05 Td (making ) Tj ET Q q 0 0 0 rg BT 84.86 703.05 Td (dividend ) Tj ET Q q 0 0 0 rg BT 118.54 703.05 Td (distributions ) Tj ET Q q 0 0 0 rg BT 165.73 703.05 Td (during ) Tj ET Q q 0 0 0 rg BT 191.41 703.05 Td (the ) Tj ET Q q 0 0 0 rg BT 204.59 703.05 Td (waiver ) Tj ET Q q 0 0 0 rg BT 231.26 703.05 Td (period ) Tj ET Q q 0 0 0 rg BT 256.44 703.05 Td (until ) Tj ET Q q 0 0 0 rg BT 275.13 703.05 Td (January ) Tj ET Q q 0 0 0 rg BT 305.30 703.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 314.24 703.05 Td (2017. ) Tj ET Q q 0 0 0 rg BT 336.51 703.05 Td (W) Tj ET Q q 0 0 0 rg BT 344.29 703.05 Td (e ) Tj ET Q q 0 0 0 rg BT 350.47 703.05 Td (cannot ) Tj ET Q q 0 0 0 rg BT 376.64 703.05 Td (assure ) Tj ET Q q 0 0 0 rg BT 401.32 703.05 Td (you ) Tj ET Q q 0 0 0 rg BT 417.00 703.05 Td (when ) Tj ET Q q 0 0 0 rg BT 438.68 703.05 Td (we ) Tj ET Q q 0 0 0 rg BT 451.36 703.05 Td (will ) Tj ET Q q 0 0 0 rg BT 467.55 703.05 Td (resume ) Tj ET Q q 0 0 0 rg BT 495.72 703.05 Td (paying ) Tj ET Q q 0 0 0 rg BT 522.40 703.05 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 561.84 703.05 Td (if ) Tj ET Q q 0 0 0 rg BT 569.52 703.05 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.25 Td (all. ) Tj ET Q q 0 0 0 rg BT 49.03 692.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 66.82 692.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 104.10 692.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 136.86 692.25 Td (will ) Tj ET Q q 0 0 0 rg BT 153.15 692.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.94 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.22 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.51 692.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 203.29 692.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 241.07 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.85 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.14 692.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 288.42 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.20 692.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 333.98 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.26 692.25 Td (will ) Tj ET Q q 0 0 0 rg BT 365.55 692.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 393.83 692.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 414.11 692.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 449.14 692.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 491.42 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.71 692.25 Td (our ) Tj ET Q q 0 0 0 rg BT 514.99 692.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 532.77 692.25 Td (agreements, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 681.45 Td (market ) Tj ET Q q 0 0 0 rg BT 62.23 681.45 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 99.71 681.45 Td (current ) Tj ET Q q 0 0 0 rg BT 126.43 681.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 151.66 681.45 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 195.38 681.45 Td (programs ) Tj ET Q q 0 0 0 rg BT 230.61 681.45 Td (and ) Tj ET Q q 0 0 0 rg BT 244.84 681.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 285.57 681.45 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 336.56 681.45 Td (the ) Tj ET Q q 0 0 0 rg BT 348.79 681.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 387.54 681.45 Td (of ) Tj ET Q q 0 0 0 rg BT 396.27 681.45 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 430.50 681.45 Td (law ) Tj ET Q q 0 0 0 rg BT 444.74 681.45 Td (af) Tj ET Q q 0 0 0 rg BT 451.56 681.45 Td (fecting ) Tj ET Q q 0 0 0 rg BT 477.79 681.45 Td (the ) Tj ET Q q 0 0 0 rg BT 490.03 681.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 522.25 681.45 Td (of ) Tj ET Q q 0 0 0 rg BT 530.99 681.45 Td (distributions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 45.78 670.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 94.05 670.65 Td (and ) Tj ET Q q 0 0 0 rg BT 109.83 670.65 Td (other ) Tj ET Q q 0 0 0 rg BT 131.10 670.65 Td (factors. ) Tj ET Q q 0 0 0 rg BT 160.62 670.65 Td (Under ) Tj ET Q q 0 0 0 rg BT 185.89 670.65 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 221.67 670.65 Td (law) Tj ET Q q 0 0 0 rg BT 234.08 670.65 Td (, ) Tj ET Q q 0 0 0 rg BT 239.11 670.65 Td (the ) Tj ET Q q 0 0 0 rg BT 252.89 670.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 277.67 670.65 Td (of ) Tj ET Q q 0 0 0 rg BT 287.94 670.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 324.21 670.65 Td (has ) Tj ET Q q 0 0 0 rg BT 338.99 670.65 Td (no ) Tj ET Q q 0 0 0 rg BT 350.78 670.65 Td (discretion ) Tj ET Q q 0 0 0 rg BT 389.05 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 398.83 670.65 Td (declare ) Tj ET Q q 0 0 0 rg BT 427.59 670.65 Td (or ) Tj ET Q q 0 0 0 rg BT 437.87 670.65 Td (pay ) Tj ET Q q 0 0 0 rg BT 453.65 670.65 Td (a ) Tj ET Q q 0 0 0 rg BT 460.43 670.65 Td (dividend ) Tj ET Q q 0 0 0 rg BT 494.70 670.65 Td (if ) Tj ET Q q 0 0 0 rg BT 502.98 670.65 Td (there ) Tj ET Q q 0 0 0 rg BT 523.75 670.65 Td (are ) Tj ET Q q 0 0 0 rg BT 537.52 670.65 Td (reasonable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 659.85 Td (grounds ) Tj ET Q q 0 0 0 rg BT 67.07 659.85 Td (for ) Tj ET Q q 0 0 0 rg BT 79.63 659.85 Td (believing ) Tj ET Q q 0 0 0 rg BT 115.19 659.85 Td (that ) Tj ET Q q 0 0 0 rg BT 130.75 659.85 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 156.05 659.85 Td (company ) Tj ET Q q 0 0 0 rg BT 191.11 659.85 Td (is, ) Tj ET Q q 0 0 0 rg BT 201.43 659.85 Td (or ) Tj ET Q q 0 0 0 rg BT 211.00 659.85 Td (would ) Tj ET Q q 0 0 0 rg BT 235.56 659.85 Td (after ) Tj ET Q q 0 0 0 rg BT 254.12 659.85 Td (the ) Tj ET Q q 0 0 0 rg BT 267.18 659.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 300.24 659.85 Td (be, ) Tj ET Q q 0 0 0 rg BT 313.05 659.85 Td (unable ) Tj ET Q q 0 0 0 rg BT 339.11 659.85 Td (to ) Tj ET Q q 0 0 0 rg BT 348.18 659.85 Td (pay ) Tj ET Q q 0 0 0 rg BT 363.24 659.85 Td (its ) Tj ET Q q 0 0 0 rg BT 373.81 659.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 409.37 659.85 Td (as ) Tj ET Q q 0 0 0 rg BT 418.94 659.85 Td (they ) Tj ET Q q 0 0 0 rg BT 436.50 659.85 Td (become ) Tj ET Q q 0 0 0 rg BT 466.55 659.85 Td (due; ) Tj ET Q q 0 0 0 rg BT 484.12 659.85 Td (or ) Tj ET Q q 0 0 0 rg BT 493.68 659.85 Td (\(b\)the ) Tj ET Q q 0 0 0 rg BT 519.49 659.85 Td (realizable ) Tj ET Q q 0 0 0 rg BT 556.53 659.85 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 649.05 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 649.05 Td (the ) Tj ET Q q 0 0 0 rg BT 58.99 649.05 Td (company) Tj ET Q q 0 0 0 rg BT 94.48 649.05 Td (s ) Tj ET Q q 0 0 0 rg BT 100.23 649.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 123.48 649.05 Td (would ) Tj ET Q q 0 0 0 rg BT 148.23 649.05 Td (thereby ) Tj ET Q q 0 0 0 rg BT 177.47 649.05 Td (be ) Tj ET Q q 0 0 0 rg BT 188.21 649.05 Td (less ) Tj ET Q q 0 0 0 rg BT 203.96 649.05 Td (than ) Tj ET Q q 0 0 0 rg BT 221.71 649.05 Td (its ) Tj ET Q q 0 0 0 rg BT 232.46 649.05 Td (liabilities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 621.45 Td (Separately) Tj ET Q q 0 0 0 rg BT 73.40 621.45 Td (, ) Tj ET Q q 0 0 0 rg BT 77.83 621.45 Td (since ) Tj ET Q q 0 0 0 rg BT 98.51 621.45 Td (we ) Tj ET Q q 0 0 0 rg BT 111.19 621.45 Td (are ) Tj ET Q q 0 0 0 rg BT 124.36 621.45 Td (a ) Tj ET Q q 0 0 0 rg BT 130.54 621.45 Td (holding ) Tj ET Q q 0 0 0 rg BT 160.22 621.45 Td (company ) Tj ET Q q 0 0 0 rg BT 195.39 621.45 Td (with ) Tj ET Q q 0 0 0 rg BT 213.58 621.45 Td (no ) Tj ET Q q 0 0 0 rg BT 224.76 621.45 Td (material ) Tj ET Q q 0 0 0 rg BT 256.43 621.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 279.61 621.45 Td (other ) Tj ET Q q 0 0 0 rg BT 300.29 621.45 Td (than ) Tj ET Q q 0 0 0 rg BT 317.97 621.45 Td (the ) Tj ET Q q 0 0 0 rg BT 331.15 621.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 355.82 621.45 Td (of ) Tj ET Q q 0 0 0 rg BT 365.50 621.45 Td (our ) Tj ET Q q 0 0 0 rg BT 379.68 621.45 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 424.36 621.45 Td (through ) Tj ET Q q 0 0 0 rg BT 454.54 621.45 Td (which ) Tj ET Q q 0 0 0 rg BT 478.72 621.45 Td (we ) Tj ET Q q 0 0 0 rg BT 491.40 621.45 Td (conduct ) Tj ET Q q 0 0 0 rg BT 522.07 621.45 Td (our ) Tj ET Q q 0 0 0 rg BT 536.26 621.45 Td (operations, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 610.65 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 610.65 Td (ability ) Tj ET Q q 0 0 0 rg BT 75.49 610.65 Td (to ) Tj ET Q q 0 0 0 rg BT 84.74 610.65 Td (pay ) Tj ET Q q 0 0 0 rg BT 99.99 610.65 Td (dividends ) Tj ET Q q 0 0 0 rg BT 137.24 610.65 Td (will ) Tj ET Q q 0 0 0 rg BT 153.49 610.65 Td (depend ) Tj ET Q q 0 0 0 rg BT 181.73 610.65 Td (on ) Tj ET Q q 0 0 0 rg BT 192.98 610.65 Td (our ) Tj ET Q q 0 0 0 rg BT 207.22 610.65 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 252.05 610.65 Td ( ) Tj ET Q q 0 0 0 rg BT 254.30 610.65 Td (distributing ) Tj ET Q q 0 0 0 rg BT 298.05 610.65 Td (to ) Tj ET Q q 0 0 0 rg BT 307.30 610.65 Td (us ) Tj ET Q q 0 0 0 rg BT 317.55 610.65 Td (their ) Tj ET Q q 0 0 0 rg BT 336.30 610.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 369.04 610.65 Td (and ) Tj ET Q q 0 0 0 rg BT 384.28 610.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.52 610.65 Td (flows.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.05 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 583.05 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 583.05 Td (have ) Tj ET Q q 0 0 0 rg BT 69.26 583.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 87.00 583.05 Td (the ) Tj ET Q q 0 0 0 rg BT 100.25 583.05 Td (following ) Tj ET Q q 0 0 0 rg BT 137.50 583.05 Td (dividends ) Tj ET Q q 0 0 0 rg BT 174.74 583.05 Td (per ) Tj ET Q q 0 0 0 rg BT 188.49 583.05 Td (share ) Tj ET Q q 0 0 0 rg BT 209.72 583.05 Td (since ) Tj ET Q q 0 0 0 rg BT 230.47 583.05 Td (our ) Tj ET Q q 0 0 0 rg BT 244.71 583.05 Td (inception ) Tj ET Q q 0 0 0 rg BT 280.45 583.05 Td (in ) Tj ET Q q 0 0 0 rg BT 289.71 583.05 Td (the ) Tj ET Q q 0 0 0 rg BT 302.95 583.05 Td (first ) Tj ET Q q 0 0 0 rg BT 319.70 583.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 347.43 583.05 Td (of ) Tj ET Q q 0 0 0 rg BT 357.18 583.05 Td (201) Tj ET Q q 0 0 0 rg BT 370.34 583.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 377.09 583.05 Td (in ) Tj ET Q q 0 0 0 rg BT 386.35 583.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 414.08 583.05 Td (of ) Tj ET Q q 0 0 0 rg BT 423.83 583.05 Td (the ) Tj ET Q q 0 0 0 rg BT 437.07 583.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 465.82 583.05 Td (set ) Tj ET Q q 0 0 0 rg BT 478.06 583.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 497.81 583.05 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 569.55 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 569.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 539.55 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 539.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 509.55 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 509.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 479.55 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 479.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 449.55 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 449.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 419.55 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 419.55 60.00 -15.00 re f /GS0 gs BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 559.01 Td (Fourth quarter 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 559.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 559.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 544.01 Td (Third quarter 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 544.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 544.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 529.01 Td (Second quarter 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 529.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 529.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 514.01 Td (First quarter 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 514.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 514.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 499.01 Td (Fourth quarter 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 499.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 499.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 484.01 Td (Third quarter 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 484.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 484.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 469.01 Td (Second quarter 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 469.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 469.01 Td (0.240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 454.01 Td (First quarter 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 454.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 454.01 Td (0.240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 439.01 Td (Fourth quarter 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 439.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 439.01 Td (0.230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 424.01 Td (Third quarter 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 424.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 424.01 Td (0.225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 409.01 Td (Second quarter 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 409.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 409.01 Td (0.225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 394.01 Td (First quarter 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 394.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 394.01 Td (0.225) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 362.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.05 362.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.09 362.45 Td (to ) Tj ET Q q 0 0 0 rg BT 86.14 362.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 101.19 362.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 138.24 362.45 Td (is ) Tj ET Q q 0 0 0 rg BT 146.29 362.45 Td (also ) Tj ET Q q 0 0 0 rg BT 162.84 362.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 190.38 362.45 Td (to ) Tj ET Q q 0 0 0 rg BT 199.43 362.45 Td (our ) Tj ET Q q 0 0 0 rg BT 213.48 362.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 238.53 362.45 Td (to ) Tj ET Q q 0 0 0 rg BT 247.58 362.45 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 273.13 362.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.66 362.45 Td (covenants ) Tj ET Q q 0 0 0 rg BT 344.70 362.45 Td (contained ) Tj ET Q q 0 0 0 rg BT 381.73 362.45 Td (in ) Tj ET Q q 0 0 0 rg BT 390.78 362.45 Td (our ) Tj ET Q q 0 0 0 rg BT 404.83 362.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 440.87 362.45 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 493.64 362.45 Td (See ) Tj ET Q q 0 0 0 rg BT 508.69 362.45 Td (Item ) Tj ET Q q 0 0 0 rg BT 531.23 362.45 Td (5. ) Tj ET Q q 0 0 0 rg BT 540.03 362.45 Td (Operating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.65 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 351.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 86.99 351.65 Td (Review ) Tj ET Q q 0 0 0 rg BT 116.73 351.65 Td (and ) Tj ET Q q 0 0 0 rg BT 131.97 351.65 Td (ProspectsB. ) Tj ET Q q 0 0 0 rg BT 185.97 351.65 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 221.72 351.65 Td (and ) Tj ET Q q 0 0 0 rg BT 236.97 351.65 Td (Capital ) Tj ET Q q 0 0 0 rg BT 265.21 351.65 Td (Resources.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 309.05 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 309.05 Td (Significant Changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 295.25 Td (There ) Tj ET Q q 0 0 0 rg BT 59.16 295.25 Td (have ) Tj ET Q q 0 0 0 rg BT 78.33 295.25 Td (been ) Tj ET Q q 0 0 0 rg BT 97.49 295.25 Td (no ) Tj ET Q q 0 0 0 rg BT 108.67 295.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 148.83 295.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 180.00 295.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.17 295.25 Td (our ) Tj ET Q q 0 0 0 rg BT 203.35 295.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 253.02 295.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 288.69 295.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 330.36 295.25 Td (included ) Tj ET Q q 0 0 0 rg BT 363.52 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.70 295.25 Td (this ) Tj ET Q q 0 0 0 rg BT 387.40 295.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 416.07 295.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 444.99 295.25 Td (other ) Tj ET Q q 0 0 0 rg BT 465.66 295.25 Td (than ) Tj ET Q q 0 0 0 rg BT 483.33 295.25 Td (as ) Tj ET Q q 0 0 0 rg BT 493.00 295.25 Td (described ) Tj ET Q q 0 0 0 rg BT 529.67 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.84 295.25 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.84 295.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 562.51 295.25 Td (26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.51 295.25 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 284.45 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 79.75 284.45 Td (Events ) Tj ET Q q 0 0 0 rg BT 110.49 284.45 Td (to ) Tj ET Q q 0 0 0 rg BT 119.74 284.45 Td (our ) Tj ET Q q 0 0 0 rg BT 133.98 284.45 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 183.73 284.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 219.47 284.45 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 241.85 Td (ITEM 9. ) Tj ET Q q 0 0 0 rg BT 108.00 241.85 Td (OFFER ) Tj ET Q q 0 0 0 rg BT 143.83 241.85 Td (AND ) Tj ET Q q 0 0 0 rg BT 167.82 241.85 Td (THE LISTING) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 213.05 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 213.05 Td (Offer) Tj ET Q q 0 0 0 rg BT 95.13 213.05 Td ( and Listing Details) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 199.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.74 199.25 Td (common ) Tj ET Q q 0 0 0 rg BT 86.99 199.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 112.23 199.25 Td (have ) Tj ET Q q 0 0 0 rg BT 131.96 199.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 157.20 199.25 Td (on ) Tj ET Q q 0 0 0 rg BT 168.94 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.69 199.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 225.42 199.25 Td (OTC ) Tj ET Q q 0 0 0 rg BT 246.17 199.25 Td (List ) Tj ET Q q 0 0 0 rg BT 262.92 199.25 Td (since ) Tj ET Q q 0 0 0 rg BT 284.16 199.25 Td (February ) Tj ET Q q 0 0 0 rg BT 319.39 199.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 333.39 199.25 Td (201) Tj ET Q q 0 0 0 rg BT 346.56 199.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 353.80 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.55 199.25 Td (on ) Tj ET Q q 0 0 0 rg BT 381.29 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.04 199.25 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 423.54 199.25 Td (since ) Tj ET Q q 0 0 0 rg BT 444.78 199.25 Td (January ) Tj ET Q q 0 0 0 rg BT 475.51 199.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 489.51 199.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 512.51 199.25 Td (under ) Tj ET Q q 0 0 0 rg BT 535.75 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.49 199.25 Td (symbol ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.45 Td (NADL. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 160.85 Td (The ) Tj ET Q q 0 0 0 rg BT 51.92 160.85 Td (following ) Tj ET Q q 0 0 0 rg BT 88.84 160.85 Td (tables ) Tj ET Q q 0 0 0 rg BT 111.75 160.85 Td (set ) Tj ET Q q 0 0 0 rg BT 123.67 160.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 143.09 160.85 Td (the ) Tj ET Q q 0 0 0 rg BT 156.01 160.85 Td (high ) Tj ET Q q 0 0 0 rg BT 173.93 160.85 Td (and ) Tj ET Q q 0 0 0 rg BT 188.85 160.85 Td (low ) Tj ET Q q 0 0 0 rg BT 204.27 160.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 227.68 160.85 Td (for ) Tj ET Q q 0 0 0 rg BT 240.10 160.85 Td (our ) Tj ET Q q 0 0 0 rg BT 254.02 160.85 Td (common ) Tj ET Q q 0 0 0 rg BT 287.44 160.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 311.85 160.85 Td (as ) Tj ET Q q 0 0 0 rg BT 321.27 160.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 353.18 160.85 Td (on ) Tj ET Q q 0 0 0 rg BT 364.10 160.85 Td (the ) Tj ET Q q 0 0 0 rg BT 377.02 160.85 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 418.93 160.85 Td (OTC ) Tj ET Q q 0 0 0 rg BT 438.85 160.85 Td (List ) Tj ET Q q 0 0 0 rg BT 454.78 160.85 Td (for ) Tj ET Q q 0 0 0 rg BT 467.19 160.85 Td (the ) Tj ET Q q 0 0 0 rg BT 480.11 160.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 508.53 160.85 Td (listed ) Tj ET Q q 0 0 0 rg BT 529.95 160.85 Td (below) Tj ET Q q 0 0 0 rg BT 551.36 160.85 Td (. ) Tj ET Q q 0 0 0 rg BT 555.53 160.85 Td (Share ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 150.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 59.74 150.05 Td (are ) Tj ET Q q 0 0 0 rg BT 72.98 150.05 Td (presented ) Tj ET Q q 0 0 0 rg BT 109.72 150.05 Td (in ) Tj ET Q q 0 0 0 rg BT 118.97 150.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 137.23 150.05 Td (dollars ) Tj ET Q q 0 0 0 rg BT 163.98 150.05 Td (per ) Tj ET Q q 0 0 0 rg BT 177.73 150.05 Td (common ) Tj ET Q q 0 0 0 rg BT 211.47 150.05 Td (share ) Tj ET Q q 0 0 0 rg BT 232.72 150.05 Td (based ) Tj ET Q q 0 0 0 rg BT 255.46 150.05 Td (on ) Tj ET Q q 0 0 0 rg BT 266.72 150.05 Td (the ) Tj ET Q q 0 0 0 rg BT 279.96 150.05 Td (Bloomber) Tj ET Q q 0 0 0 rg BT 315.80 150.05 Td (g ) Tj ET Q q 0 0 0 rg BT 322.55 150.05 Td (Composite ) Tj ET Q q 0 0 0 rg BT 363.81 150.05 Td (Rate ) Tj ET Q q 0 0 0 rg BT 382.55 150.05 Td (on ) Tj ET Q q 0 0 0 rg BT 393.80 150.05 Td (each ) Tj ET Q q 0 0 0 rg BT 412.54 150.05 Td (day ) Tj ET Q q 0 0 0 rg BT 427.79 150.05 Td (of 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(to ) Tj ET Q q 0 0 0 rg BT 337.50 139.25 Td (one ) Tj ET Q q 0 0 0 rg BT 352.98 139.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 371.48 139.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 394.96 139.25 Td (based ) Tj ET Q q 0 0 0 rg BT 417.94 139.25 Td (on ) Tj ET Q q 0 0 0 rg BT 429.42 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.91 139.25 Td (Bloomber) Tj ET Q q 0 0 0 rg BT 478.74 139.25 Td (g ) Tj ET Q q 0 0 0 rg BT 485.73 139.25 Td (Composite ) Tj ET Q q 0 0 0 rg BT 527.22 139.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 546.20 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 555.69 139.25 Td (ef) Tj ET Q q 0 0 0 rg BT 562.52 139.25 Td (fect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 128.45 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 128.45 Td (that ) Tj ET Q q 0 0 0 rg BT 63.00 128.45 Td (date. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 100.85 Td (On ) Tj ET Q q 0 0 0 rg BT 49.09 100.85 Td (December ) Tj ET Q q 0 0 0 rg BT 88.16 100.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 101.50 100.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 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100.85 Td (split ) Tj ET Q q 0 0 0 rg BT 554.42 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 564.01 100.85 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 90.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 61.01 90.05 Td (and ) Tj ET Q q 0 0 0 rg BT 76.52 90.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 121.03 90.05 Td (common ) Tj ET Q q 0 0 0 rg BT 155.04 90.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.05 90.05 Td (and ) Tj ET Q q 0 0 0 rg BT 195.56 90.05 Td (reducing ) Tj ET Q q 0 0 0 rg BT 229.56 90.05 Td (par ) Tj ET Q q 0 0 0 rg BT 243.56 90.05 Td (value ) Tj ET Q q 0 0 0 rg BT 265.57 90.05 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.57 90.05 Td ($5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.82 90.05 Td ( ) Tj ET Q q 0 0 0 rg BT 308.34 90.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.85 90.05 Td ($0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.10 90.05 Td (. ) Tj ET Q q 0 0 0 rg BT 342.68 90.05 Td (The ) Tj ET Q q 0 0 0 rg BT 359.19 90.05 Td (high ) Tj ET Q q 0 0 0 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0 rg BT 112.84 583.40 Td (low ) Tj ET Q q 0 0 0 rg BT 128.62 583.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.40 583.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 189.17 583.40 Td (for ) Tj ET Q q 0 0 0 rg BT 201.94 583.40 Td (the ) Tj ET Q q 0 0 0 rg BT 215.22 583.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 237.00 583.40 Td (year ) Tj ET Q q 0 0 0 rg BT 254.77 583.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 278.54 583.40 Td (December ) Tj ET Q q 0 0 0 rg BT 317.80 583.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 331.33 583.40 Td (201) Tj ET Q q 0 0 0 rg BT 344.50 583.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 351.29 583.40 Td (for ) Tj ET Q q 0 0 0 rg BT 364.06 583.40 Td (OTC ) Tj ET Q q 0 0 0 rg BT 384.35 583.40 Td (listings ) Tj ET Q q 0 0 0 rg BT 412.64 583.40 Td (are ) Tj ET Q q 0 0 0 rg BT 425.91 583.40 Td (during ) Tj ET Q q 0 0 0 rg BT 451.69 583.40 Td (the ) Tj ET Q q 0 0 0 rg BT 464.97 583.40 Td (period ) Tj ET Q q 0 0 0 rg BT 490.25 583.40 Td (from ) Tj ET Q q 0 0 0 rg BT 510.03 583.40 Td (February ) Tj ET Q q 0 0 0 rg BT 544.80 583.40 Td (24, ) Tj ET Q q 0 0 0 rg BT 558.33 583.40 Td (201) Tj ET Q q 0 0 0 rg BT 571.50 583.40 Td (1 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 572.60 Td (through ) Tj ET Q q 0 0 0 rg BT 93.25 572.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.49 572.60 Td (including ) Tj ET Q q 0 0 0 rg BT 144.74 572.60 Td (December ) Tj ET Q q 0 0 0 rg BT 183.96 572.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 197.46 572.60 Td (201) Tj ET Q q 0 0 0 rg BT 210.63 572.60 Td (1.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 558.80 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 63.00 558.80 Td (The ) Tj ET Q q 0 0 0 rg BT 79.21 558.80 Td (high ) Tj ET Q q 0 0 0 rg BT 97.42 558.80 Td (and ) Tj ET Q q 0 0 0 rg BT 112.63 558.80 Td (low ) Tj ET Q q 0 0 0 rg BT 128.35 558.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.05 558.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 188.75 558.80 Td (for ) Tj ET Q q 0 0 0 rg BT 201.46 558.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.67 558.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 236.37 558.80 Td (year ) Tj ET Q q 0 0 0 rg BT 254.07 558.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 277.78 558.80 Td (December ) Tj ET Q q 0 0 0 rg BT 316.97 558.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 330.43 558.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 350.65 558.80 Td (for ) Tj ET Q q 0 0 0 rg BT 363.36 558.80 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 389.07 558.80 Td (listings ) Tj ET Q q 0 0 0 rg BT 417.30 558.80 Td (are ) Tj ET Q q 0 0 0 rg BT 430.50 558.80 Td (during ) Tj ET Q q 0 0 0 rg BT 456.21 558.80 Td (the ) Tj ET Q q 0 0 0 rg BT 469.42 558.80 Td (period ) Tj ET Q q 0 0 0 rg BT 494.63 558.80 Td (from ) Tj ET Q q 0 0 0 rg BT 514.34 558.80 Td (January ) Tj ET Q q 0 0 0 rg BT 544.54 558.80 Td (28, ) Tj ET Q q 0 0 0 rg BT 558.00 558.80 Td (2014 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 548.00 Td (though ) Tj ET Q q 0 0 0 rg BT 90.25 548.00 Td (and ) Tj ET Q q 0 0 0 rg BT 105.50 548.00 Td (including ) Tj ET Q q 0 0 0 rg BT 141.74 548.00 Td (December ) Tj ET Q q 0 0 0 rg BT 180.97 548.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.47 548.00 Td (2014. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.09 520.40 Td (following ) Tj ET Q q 0 0 0 rg BT 89.19 520.40 Td (table ) Tj ET Q q 0 0 0 rg BT 108.78 520.40 Td (sets ) Tj ET Q q 0 0 0 rg BT 124.38 520.40 Td (forth, ) Tj ET Q q 0 0 0 rg BT 146.22 520.40 Td (for ) Tj ET Q q 0 0 0 rg BT 158.81 520.40 Td (each ) Tj ET Q q 0 0 0 rg BT 177.39 520.40 Td (full ) Tj ET Q q 0 0 0 rg BT 191.99 520.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.57 520.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 253.15 520.40 Td (for ) Tj ET Q q 0 0 0 rg BT 265.75 520.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.84 520.40 Td (two ) Tj ET Q q 0 0 0 rg BT 294.44 520.40 Td (most ) Tj ET Q q 0 0 0 rg BT 314.04 520.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 335.63 520.40 Td (years, ) Tj ET Q q 0 0 0 rg BT 358.97 520.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.06 520.40 Td (high ) Tj ET Q q 0 0 0 rg BT 390.16 520.40 Td (and ) Tj ET Q q 0 0 0 rg BT 405.25 520.40 Td (low ) Tj ET Q q 0 0 0 rg BT 420.85 520.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 444.44 520.40 Td (of ) Tj ET Q q 0 0 0 rg BT 454.04 520.40 Td (our ) Tj ET Q q 0 0 0 rg BT 468.13 520.40 Td (common ) Tj ET Q q 0 0 0 rg BT 501.73 520.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 526.31 520.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 553.91 520.40 Td (on ) Tj ET Q q 0 0 0 rg BT 565.00 520.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 78.24 509.60 Td (OTC ) Tj ET Q q 0 0 0 rg BT 98.49 509.60 Td (list ) Tj ET Q q 0 0 0 rg BT 111.74 509.60 Td (and ) Tj ET Q q 0 0 0 rg BT 126.98 509.60 Td (NYSE.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 446.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 446.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 446.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 446.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 446.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 420.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 420.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 420.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 420.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 420.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 394.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 394.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 394.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 394.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 394.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 368.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 368.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 368.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 368.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 368.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 342.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 342.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 342.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 342.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 342.10 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 482.1 m 396.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 482.1 m 456.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 482.1 m 516.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 482.1 m 576.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 482.1 m 396.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 482.1 m 456.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 482.1 m 516.5 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 482.1 m 576.5 482.1 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 486.55 Td (NYSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.50 486.55 Td (Norwegian OTC List) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 472.55 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 463.55 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.95 472.55 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 463.55 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 472.55 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.50 463.55 Td (\(NOK\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.95 472.55 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.50 463.55 Td (\(NOK\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 450.50 Td (For) Tj ET Q q 0 0 0 rg BT 52.83 450.50 Td ( the Quarter) Tj ET Q q 0 0 0 rg BT 100.65 450.50 Td ( ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 437.36 Td (March 31, 2014 ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 98.49 441.44 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 437.36 Td (92.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 437.36 Td (80.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 437.36 Td (577.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 437.36 Td (470.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 424.36 Td (June 30, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 424.36 Td (115.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 424.36 Td (81.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 424.36 Td (650.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 424.36 Td (490.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 411.36 Td (September 30, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 411.36 Td (111.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 411.36 Td (62.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 411.36 Td (670.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 411.36 Td (400.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 398.36 Td (December 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 398.36 Td (67.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 398.36 Td (13.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 398.36 Td (420.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 398.36 Td (95.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 385.36 Td (March 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 385.36 Td (23.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 385.36 Td (11.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 385.36 Td (200.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 385.36 Td (97.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 372.36 Td (June 30, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 372.36 Td (17.90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 372.36 Td (11.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 372.36 Td (126.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 372.36 Td (80.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 359.36 Td (September 30, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 359.36 Td (12.60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 359.36 Td (11.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.25 359.36 Td (100.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 359.36 Td (62.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 346.36 Td (December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 346.36 Td (10.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 346.36 Td (2.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 346.36 Td (80.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 346.36 Td (15.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 333.36 Td (March 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 333.36 Td (4.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 333.36 Td (1.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 333.36 Td (12.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 333.36 Td (11.00) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 315.80 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 57.74 315.80 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 315.80 Td (The ) Tj ET Q q 0 0 0 rg BT 79.71 315.80 Td (high ) Tj ET Q q 0 0 0 rg BT 98.42 315.80 Td (and ) Tj ET Q q 0 0 0 rg BT 114.13 315.80 Td (low ) Tj ET Q q 0 0 0 rg BT 130.34 315.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 154.55 315.80 Td (of ) Tj ET Q q 0 0 0 rg BT 164.76 315.80 Td (our ) Tj ET Q q 0 0 0 rg BT 179.47 315.80 Td (common ) Tj ET Q q 0 0 0 rg BT 213.68 315.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 238.88 315.80 Td (on ) Tj ET Q q 0 0 0 rg BT 250.60 315.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.31 315.80 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 290.52 315.80 Td (are ) Tj ET Q q 0 0 0 rg BT 304.22 315.80 Td (during ) Tj ET Q q 0 0 0 rg BT 330.43 315.80 Td (the ) Tj ET Q q 0 0 0 rg BT 344.14 315.80 Td (period ) Tj ET Q q 0 0 0 rg BT 369.85 315.80 Td (from ) Tj ET Q q 0 0 0 rg BT 390.06 315.80 Td (January ) Tj ET Q q 0 0 0 rg BT 420.76 315.80 Td (29, ) Tj ET Q q 0 0 0 rg BT 434.72 315.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 455.44 315.80 Td (through ) Tj ET Q q 0 0 0 rg BT 486.15 315.80 Td (and ) Tj ET Q q 0 0 0 rg BT 501.86 315.80 Td (including ) Tj ET Q q 0 0 0 rg BT 538.57 315.80 Td (March ) Tj ET Q q 0 0 0 rg BT 564.77 315.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 578.27 315.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 305.00 Td (2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.46 277.40 Td (following ) Tj ET Q q 0 0 0 rg BT 89.92 277.40 Td (table ) Tj ET Q q 0 0 0 rg BT 109.88 277.40 Td (sets ) Tj ET Q q 0 0 0 rg BT 125.85 277.40 Td (forth, ) Tj ET Q q 0 0 0 rg BT 148.06 277.40 Td (for ) Tj ET Q q 0 0 0 rg BT 161.02 277.40 Td (the ) Tj ET Q q 0 0 0 rg BT 174.48 277.40 Td (six ) Tj ET Q q 0 0 0 rg BT 187.45 277.40 Td (most ) Tj ET Q q 0 0 0 rg BT 207.42 277.40 Td (recent ) Tj ET Q q 0 0 0 rg BT 231.87 277.40 Td (months, ) Tj ET Q q 0 0 0 rg BT 263.08 277.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.55 277.40 Td (high ) Tj ET Q q 0 0 0 rg BT 295.01 277.40 Td (and ) Tj ET Q q 0 0 0 rg BT 310.47 277.40 Td (low ) Tj ET Q q 0 0 0 rg BT 326.44 277.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 350.40 277.40 Td (of ) Tj ET Q q 0 0 0 rg BT 360.36 277.40 Td (our ) Tj ET Q q 0 0 0 rg BT 374.82 277.40 Td (common ) Tj ET Q q 0 0 0 rg BT 408.78 277.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 433.74 277.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 461.70 277.40 Td (on ) Tj ET Q q 0 0 0 rg BT 473.17 277.40 Td (the ) Tj ET Q q 0 0 0 rg BT 486.63 277.40 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 529.08 277.40 Td (OTC ) Tj ET Q q 0 0 0 rg BT 549.55 277.40 Td (list ) Tj ET Q q 0 0 0 rg BT 563.02 277.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 266.60 Td (NYSE:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 205.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 205.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 205.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 205.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 205.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 179.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 179.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 179.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 179.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 179.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 153.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 153.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 153.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 153.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 153.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 127.10 300.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 127.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 127.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 127.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 127.10 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 240.10000000000002 m 396.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 240.10000000000002 m 456.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 240.10000000000002 m 516.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 240.10000000000002 m 576.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 240.10000000000002 m 396.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 240.10000000000002 m 456.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 240.10000000000002 m 516.5 240.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 240.10000000000002 m 576.5 240.10000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 244.50 Td (NYSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.50 244.50 Td (Norwegian OTC List) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 222.56 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 231.50 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 222.50 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.95 231.50 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 222.50 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 231.50 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.50 222.50 Td (\(NOK\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.95 231.50 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.50 222.50 Td (\(NOK\)) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 208.09633789062502 m 95.3291015625 208.09633789062502 l s q 0 0 0 rg BT 39.00 209.50 Td (For) Tj ET Q q 0 0 0 rg BT 52.83 209.50 Td ( the Month) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 196.36 Td (October 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 196.36 Td (10.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 196.36 Td (7.24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 196.36 Td (80.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 196.36 Td (61.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 183.36 Td (November 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 183.36 Td (9.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 183.36 Td (4.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 183.36 Td (80.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 183.36 Td (60.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 170.36 Td (December 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 170.36 Td (5.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 170.36 Td (2.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 170.36 Td (80.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 170.36 Td (15.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 157.36 Td (January 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 157.36 Td (2.67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 157.36 Td (1.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 157.36 Td (12.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 157.36 Td (11.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 144.36 Td (February 2016 ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 93.99 148.44 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 144.36 Td (1.96) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 144.36 Td (1.47) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 144.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 144.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 131.36 Td (March 2016 ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 84.99 135.44 Td (\(4\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 131.36 Td (4.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 131.36 Td (1.73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 131.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 131.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 118.36 Td (April 2016 ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 80.50 122.44 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.25 118.36 Td (3.77) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 118.36 Td (2.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.75 118.36 Td (11.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 118.36 Td (11.00) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 100.80 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 57.74 100.80 Td ( ) Tj ET Q q 0 0 0 rg BT 59.99 100.80 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 100.80 Td (No ) Tj ET Q q 0 0 0 rg BT 76.25 100.80 Td (trades ) Tj ET Q q 0 0 0 rg BT 99.99 100.80 Td (on ) Tj ET Q q 0 0 0 rg BT 111.24 100.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.48 100.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 166.72 100.80 Td (OTC ) Tj ET Q q 0 0 0 rg BT 186.97 100.80 Td (were ) Tj ET Q q 0 0 0 rg BT 206.71 100.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 240.43 100.80 Td (as ) Tj ET Q q 0 0 0 rg BT 250.18 100.80 Td (executed ) Tj ET Q q 0 0 0 rg BT 284.41 100.80 Td (for ) Tj ET Q q 0 0 0 rg BT 297.15 100.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.40 100.80 Td (months ) Tj ET Q q 0 0 0 rg BT 339.15 100.80 Td (of ) Tj ET Q q 0 0 0 rg BT 348.90 100.80 Td (February ) Tj ET Q q 0 0 0 rg BT 383.64 100.80 Td (and ) Tj ET Q q 0 0 0 rg BT 398.88 100.80 Td (March ) Tj ET Q q 0 0 0 rg BT 424.62 100.80 Td (2016. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 87.00 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 57.74 87.00 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 87.00 Td (The ) Tj ET Q q 0 0 0 rg BT 79.24 87.00 Td (high ) Tj ET Q q 0 0 0 rg BT 97.49 87.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.74 87.00 Td (low ) Tj ET Q q 0 0 0 rg BT 128.49 87.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.23 87.00 Td (of ) Tj ET Q q 0 0 0 rg BT 161.97 87.00 Td (our ) Tj ET Q q 0 0 0 rg BT 176.22 87.00 Td (common ) Tj ET Q q 0 0 0 rg BT 209.97 87.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 234.71 87.00 Td (on ) Tj ET Q q 0 0 0 rg BT 245.96 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.20 87.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 284.95 87.00 Td (are ) Tj ET Q q 0 0 0 rg BT 298.19 87.00 Td (during ) Tj ET Q q 0 0 0 rg BT 323.94 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 337.18 87.00 Td (period ) Tj ET Q q 0 0 0 rg BT 362.43 87.00 Td (from ) Tj ET Q q 0 0 0 rg BT 381.67 87.00 Td (April ) Tj ET Q q 0 0 0 rg BT 402.92 87.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 411.92 87.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 432.17 87.00 Td (through ) Tj ET Q q 0 0 0 rg BT 462.42 87.00 Td (and ) Tj ET Q q 0 0 0 rg BT 477.66 87.00 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.41 87.00 Td (April27, ) Tj ET Q q 0 0 0 rg BT 548.16 87.00 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.16 87.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 58.20 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 58.20 Td (Plan of Distribution) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 44.40 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 44.40 Td (applicable) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 734.80 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 734.80 Td (Markets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.84 721.00 Td (common ) Tj ET Q q 0 0 0 rg BT 87.18 721.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 112.51 721.00 Td (have ) Tj ET Q q 0 0 0 rg BT 132.34 721.00 Td (traded ) Tj ET Q q 0 0 0 rg BT 157.67 721.00 Td (on ) Tj ET Q q 0 0 0 rg BT 169.51 721.00 Td (the ) Tj ET Q q 0 0 0 rg BT 183.35 721.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 226.18 721.00 Td (OTC ) Tj ET Q q 0 0 0 rg BT 247.02 721.00 Td (List ) Tj ET Q q 0 0 0 rg BT 263.86 721.00 Td (since ) Tj ET Q q 0 0 0 rg BT 285.20 721.00 Td (February ) Tj ET Q q 0 0 0 rg BT 320.53 721.00 Td (24, ) Tj ET Q q 0 0 0 rg BT 334.62 721.00 Td (201) Tj ET Q q 0 0 0 rg BT 347.79 721.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 355.13 721.00 Td (and ) Tj ET Q q 0 0 0 rg BT 370.97 721.00 Td (on ) Tj ET Q q 0 0 0 rg BT 382.81 721.00 Td (the ) Tj ET Q q 0 0 0 rg BT 396.65 721.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 422.99 721.00 Td (since ) Tj ET Q q 0 0 0 rg BT 444.33 721.00 Td (January ) Tj ET Q q 0 0 0 rg BT 475.16 721.00 Td (29, ) Tj ET Q q 0 0 0 rg BT 489.25 721.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 512.34 721.00 Td (under ) Tj ET Q q 0 0 0 rg BT 535.68 721.00 Td (the ) Tj ET Q q 0 0 0 rg BT 549.51 721.00 Td (symbol ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 710.20 Td (NADL.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 681.40 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 681.40 Td (Selling Shar) Tj ET Q q 0 0 0 rg BT 123.78 681.40 Td (eholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 667.60 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 667.60 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 638.80 Td (E. ) Tj ET Q q 0 0 0 rg BT 72.00 638.80 Td (Dilution) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 625.00 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 596.20 Td (F) Tj ET Q q 0 0 0 rg BT 41.19 596.20 Td (. ) Tj ET Q q 0 0 0 rg BT 72.00 596.20 Td (Expenses of the Issue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 582.40 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 582.40 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 553.60 Td (ITEM 10. ) Tj ET Q q 0 0 0 rg BT 108.00 553.60 Td (ADDITIONAL) Tj ET Q q 0 0 0 rg BT 172.46 553.60 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 223.10 553.60 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 524.80 Td (A. ) Tj ET Q q 0 0 0 rg BT 72.00 524.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 92.38 524.80 Td (e capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 511.00 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 482.20 Td (B. ) Tj ET Q q 0 0 0 rg BT 72.00 482.20 Td (Memorandum and ) Tj ET Q q 0 0 0 rg BT 154.23 482.20 Td (Articles of ) Tj ET Q q 0 0 0 rg BT 200.33 482.20 Td (Association) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 468.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.52 468.40 Td (following ) Tj ET Q q 0 0 0 rg BT 90.04 468.40 Td (is ) Tj ET Q q 0 0 0 rg BT 98.57 468.40 Td (a ) Tj ET Q q 0 0 0 rg BT 105.10 468.40 Td (description ) Tj ET Q q 0 0 0 rg BT 147.61 468.40 Td (of ) Tj ET Q q 0 0 0 rg BT 157.64 468.40 Td (the ) Tj ET Q q 0 0 0 rg BT 171.16 468.40 Td (material ) Tj ET Q q 0 0 0 rg BT 203.17 468.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 225.69 468.40 Td (of ) Tj ET Q q 0 0 0 rg BT 235.71 468.40 Td (our ) Tj ET Q q 0 0 0 rg BT 250.24 468.40 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 303.75 468.40 Td (of ) Tj ET Q q 0 0 0 rg BT 313.22 468.40 Td (Association ) Tj ET Q q 0 0 0 rg BT 358.24 468.40 Td (and ) Tj ET Q q 0 0 0 rg BT 373.76 468.40 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 410.28 468.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 445.29 468.40 Td (in ) Tj ET Q q 0 0 0 rg BT 454.82 468.40 Td (ef) Tj ET Q q 0 0 0 rg BT 461.65 468.40 Td (fect. ) Tj ET Q q 0 0 0 rg BT 479.91 468.40 Td (Because ) Tj ET Q q 0 0 0 rg BT 512.42 468.40 Td (the ) Tj ET Q q 0 0 0 rg BT 525.95 468.40 Td (following ) Tj ET Q q 0 0 0 rg BT 563.47 468.40 Td (is ) Tj ET Q q 0 0 0 rg BT 572.00 468.40 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 457.60 Td (summary) Tj ET Q q 0 0 0 rg BT 68.91 457.60 Td (, ) Tj ET Q q 0 0 0 rg BT 73.27 457.60 Td (it ) Tj ET Q q 0 0 0 rg BT 80.37 457.60 Td (does ) Tj ET Q q 0 0 0 rg BT 98.97 457.60 Td (not ) Tj ET Q q 0 0 0 rg BT 112.58 457.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 141.17 457.60 Td (all ) Tj ET Q q 0 0 0 rg BT 152.27 457.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.88 457.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.98 457.60 Td (information ) Tj ET Q q 0 0 0 rg BT 219.57 457.60 Td (that ) Tj ET Q q 0 0 0 rg BT 235.17 457.60 Td (you ) Tj ET Q q 0 0 0 rg BT 250.78 457.60 Td (may ) Tj ET Q q 0 0 0 rg BT 268.38 457.60 Td (find ) Tj ET Q q 0 0 0 rg BT 284.98 457.60 Td (useful. ) Tj ET Q q 0 0 0 rg BT 311.33 457.60 Td (For ) Tj ET Q q 0 0 0 rg BT 325.94 457.60 Td (more ) Tj ET Q q 0 0 0 rg BT 346.54 457.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 381.63 457.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 428.47 457.60 Td (see ) Tj ET Q q 0 0 0 rg BT 442.07 457.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.17 457.60 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 509.26 457.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.40 457.60 Td (Association ) Tj ET Q q 0 0 0 rg BT 563.00 457.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 446.80 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 74.31 446.80 Td (copies ) Tj ET Q q 0 0 0 rg BT 99.37 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 108.94 446.80 Td (which ) Tj ET Q q 0 0 0 rg BT 133.00 446.80 Td (are ) Tj ET Q q 0 0 0 rg BT 146.06 446.80 Td (attached ) Tj ET Q q 0 0 0 rg BT 178.11 446.80 Td (as ) Tj ET Q q 0 0 0 rg BT 187.68 446.80 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 218.25 446.80 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 231.57 446.80 Td (and ) Tj ET Q q 0 0 0 rg BT 246.63 446.80 Td (3.3, ) Tj ET Q q 0 0 0 rg BT 262.20 446.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 305.09 446.80 Td (, ) Tj ET Q q 0 0 0 rg BT 309.41 446.80 Td (to ) Tj ET Q q 0 0 0 rg BT 318.48 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 331.55 446.80 Td (Registration ) Tj ET Q q 0 0 0 rg BT 377.61 446.80 Td (Statement ) Tj ET Q q 0 0 0 rg BT 415.67 446.80 Td (on ) Tj ET Q q 0 0 0 rg BT 426.74 446.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 448.32 446.80 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 462.89 446.80 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 511.95 446.80 Td (No. ) Tj ET Q q 0 0 0 rg BT 527.27 446.80 Td (333-185394\), ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 436.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 68.73 436.00 Td (ef) Tj ET Q q 0 0 0 rg BT 75.56 436.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 102.29 436.00 Td (by ) Tj ET Q q 0 0 0 rg BT 113.54 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 126.78 436.00 Td (Commission ) Tj ET Q q 0 0 0 rg BT 174.54 436.00 Td (on ) Tj ET Q q 0 0 0 rg BT 185.79 436.00 Td (January ) Tj ET Q q 0 0 0 rg BT 216.03 436.00 Td (28, ) Tj ET Q q 0 0 0 rg BT 229.53 436.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 252.03 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 267.28 436.00 Td (are ) Tj ET Q q 0 0 0 rg BT 280.51 436.00 Td (hereby ) Tj ET Q q 0 0 0 rg BT 307.25 436.00 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 354.98 436.00 Td (by ) Tj ET Q q 0 0 0 rg BT 366.23 436.00 Td (reference ) Tj ET Q q 0 0 0 rg BT 401.94 436.00 Td (into ) Tj ET Q q 0 0 0 rg BT 418.19 436.00 Td (this ) Tj ET Q q 0 0 0 rg BT 432.95 436.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 461.69 436.00 Td (Report.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 408.40 Td (Purpose) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.27 394.60 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 85.29 394.60 Td (as ) Tj ET Q q 0 0 0 rg BT 95.06 394.60 Td (stated ) Tj ET Q q 0 0 0 rg BT 118.32 394.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.60 394.60 Td (our ) Tj ET Q q 0 0 0 rg BT 141.87 394.60 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 195.13 394.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.40 394.60 Td (Association, ) Tj ET Q q 0 0 0 rg BT 251.42 394.60 Td (is ) Tj ET Q q 0 0 0 rg BT 259.69 394.60 Td (to ) Tj ET Q q 0 0 0 rg BT 268.96 394.60 Td (engage ) Tj ET Q q 0 0 0 rg BT 296.72 394.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.99 394.60 Td (any ) Tj ET Q q 0 0 0 rg BT 321.26 394.60 Td (lawful ) Tj ET Q q 0 0 0 rg BT 346.53 394.60 Td (act ) Tj ET Q q 0 0 0 rg BT 359.29 394.60 Td (or ) Tj ET Q q 0 0 0 rg BT 369.06 394.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 398.32 394.60 Td (for ) Tj ET Q q 0 0 0 rg BT 411.09 394.60 Td (which ) Tj ET Q q 0 0 0 rg BT 435.36 394.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 476.12 394.60 Td (may ) Tj ET Q q 0 0 0 rg BT 493.89 394.60 Td (be ) Tj ET Q q 0 0 0 rg BT 504.65 394.60 Td (or) Tj ET Q q 0 0 0 rg BT 511.99 394.60 Td (ganized ) Tj ET Q q 0 0 0 rg BT 542.25 394.60 Td (under ) Tj ET Q q 0 0 0 rg BT 565.01 394.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.80 Td (Companies ) Tj ET Q q 0 0 0 rg BT 78.25 383.80 Td (Act.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 356.20 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 81.75 356.20 Td (Capitalization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 342.40 Td (At ) Tj ET Q q 0 0 0 rg BT 47.20 342.40 Td (our ) Tj ET Q q 0 0 0 rg BT 61.41 342.40 Td (Special ) Tj ET Q q 0 0 0 rg BT 90.10 342.40 Td (General ) Tj ET Q q 0 0 0 rg BT 120.78 342.40 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 152.98 342.40 Td (of ) Tj ET Q q 0 0 0 rg BT 162.68 342.40 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 211.87 342.40 Td (held ) Tj ET Q q 0 0 0 rg BT 229.57 342.40 Td (on ) Tj ET Q q 0 0 0 rg BT 240.78 342.40 Td (December ) Tj ET Q q 0 0 0 rg BT 279.96 342.40 Td (28, ) Tj ET Q q 0 0 0 rg BT 293.41 342.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 315.86 342.40 Td (our ) Tj ET Q q 0 0 0 rg BT 330.07 342.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 377.75 342.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 413.44 342.40 Td (a ) Tj ET Q q 0 0 0 rg BT 419.64 342.40 Td (resolution ) Tj ET Q q 0 0 0 rg BT 457.84 342.40 Td (to ) Tj ET Q q 0 0 0 rg BT 467.05 342.40 Td (ef) Tj ET Q q 0 0 0 rg BT 473.88 342.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 489.57 342.40 Td (a ) Tj ET Q q 0 0 0 rg BT 495.77 342.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 521.95 342.40 Td (reor) Tj ET Q q 0 0 0 rg BT 536.28 342.40 Td (ganization. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.60 Td (As ) Tj ET Q q 0 0 0 rg BT 48.07 331.60 Td (part ) Tj ET Q q 0 0 0 rg BT 64.12 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 73.68 331.60 Td (this ) Tj ET Q q 0 0 0 rg BT 88.75 331.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.80 331.60 Td (reor) Tj ET Q q 0 0 0 rg BT 129.12 331.60 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 170.92 331.60 Td (we ) Tj ET Q q 0 0 0 rg BT 183.48 331.60 Td (ef) Tj ET Q q 0 0 0 rg BT 190.31 331.60 Td (fectuated ) Tj ET Q q 0 0 0 rg BT 225.35 331.60 Td (a ) Tj ET Q q 0 0 0 rg BT 231.41 331.60 Td (one-for) Tj ET Q q 0 0 0 rg BT 257.71 331.60 Td (-ten ) Tj ET Q q 0 0 0 rg BT 273.77 331.60 Td (reverse ) Tj ET Q q 0 0 0 rg BT 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0 0 rg BT 173.32 320.80 Td (It ) Tj ET Q q 0 0 0 rg BT 181.34 320.80 Td (was ) Tj ET Q q 0 0 0 rg BT 197.85 320.80 Td (also ) Tj ET Q q 0 0 0 rg BT 214.86 320.80 Td (resolved ) Tj ET Q q 0 0 0 rg BT 247.86 320.80 Td (that ) Tj ET Q q 0 0 0 rg BT 263.87 320.80 Td (our ) Tj ET Q q 0 0 0 rg BT 278.38 320.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 303.39 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 318.90 320.80 Td (paid-up ) Tj ET Q q 0 0 0 rg BT 348.91 320.80 Td (share ) Tj ET Q q 0 0 0 rg BT 370.41 320.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 396.91 320.80 Td (be ) Tj ET Q q 0 0 0 rg BT 407.92 320.80 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 441.16 320.80 Td (with ) Tj ET Q q 0 0 0 rg BT 459.68 320.80 Td (ef) Tj ET Q q 0 0 0 rg BT 466.51 320.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 482.51 320.80 Td (from ) Tj ET Q q 0 0 0 rg BT 502.51 320.80 Td (December ) Tj ET Q q 0 0 0 rg BT 542.00 320.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 555.77 320.80 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 310.00 Td (from 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310.00 Td (each ) Tj ET Q q 0 0 0 rg BT 514.24 310.00 Td (of ) Tj ET Q q 0 0 0 rg BT 523.13 310.00 Td (the ) Tj ET Q q 0 0 0 rg BT 535.52 310.00 Td (24,351,651 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 299.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 61.06 299.20 Td (of ) Tj ET Q q 0 0 0 rg BT 71.12 299.20 Td (par ) Tj ET Q q 0 0 0 rg BT 85.17 299.20 Td (value ) Tj ET Q q 0 0 0 rg BT 107.23 299.20 Td ($50.00 ) Tj ET Q q 0 0 0 rg BT 134.54 299.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 154.10 299.20 Td (have ) Tj ET Q q 0 0 0 rg BT 173.66 299.20 Td (a ) Tj ET Q q 0 0 0 rg BT 180.22 299.20 Td (par ) Tj ET Q q 0 0 0 rg BT 194.27 299.20 Td (value ) Tj ET Q q 0 0 0 rg BT 216.33 299.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.39 299.20 Td ($0.10. ) Tj ET Q q 0 0 0 rg BT 251.45 299.20 Td ( ) Tj ET Q q 0 0 0 rg BT 254.02 299.20 Td (It ) Tj ET Q q 0 0 0 rg BT 262.08 299.20 Td (was ) Tj ET Q q 0 0 0 rg BT 278.64 299.20 Td (also ) Tj ET Q q 0 0 0 rg BT 295.70 299.20 Td (resolved ) Tj ET Q q 0 0 0 rg BT 328.76 299.20 Td (that ) Tj ET Q q 0 0 0 rg BT 344.82 299.20 Td (our ) Tj ET Q q 0 0 0 rg BT 359.38 299.20 Td (authorized ) Tj ET Q q 0 0 0 rg BT 399.92 299.20 Td (share ) Tj ET Q q 0 0 0 rg BT 421.48 299.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 448.03 299.20 Td (be ) Tj ET Q q 0 0 0 rg BT 459.09 299.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 490.13 299.20 Td (from ) Tj ET Q q 0 0 0 rg BT 510.19 299.20 Td ($2,000,000,000 ) Tj ET Q q 0 0 0 rg BT 569.01 299.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 288.40 Td ($10,000,000, ) Tj ET Q q 0 0 0 rg BT 85.50 288.40 Td (divided ) Tj ET Q q 0 0 0 rg BT 114.75 288.40 Td (into ) Tj ET Q q 0 0 0 rg BT 131.00 288.40 Td (100,000,000 ) Tj ET Q q 0 0 0 rg BT 178.25 288.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 202.99 288.40 Td (of ) Tj ET Q q 0 0 0 rg BT 212.73 288.40 Td (par ) Tj ET Q q 0 0 0 rg BT 226.48 288.40 Td (value ) Tj ET Q q 0 0 0 rg BT 248.22 288.40 Td ($0.10 ) Tj ET Q q 0 0 0 rg BT 270.72 288.40 Td (each. ) Tj ET Q q 0 0 0 rg BT 291.70 288.40 Td (Currently) Tj ET Q q 0 0 0 rg BT 325.61 288.40 Td (, ) Tj ET Q q 0 0 0 rg BT 330.11 288.40 Td (there ) Tj ET Q q 0 0 0 rg BT 350.35 288.40 Td (are ) Tj ET Q q 0 0 0 rg BT 363.58 288.40 Td (24,351,651shares ) Tj ET Q q 0 0 0 rg BT 428.82 288.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 453.57 288.40 Td (and ) Tj ET Q q 0 0 0 rg BT 468.82 288.40 Td (outstanding. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 260.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 73.75 260.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 92.09 260.80 Td (es) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 247.00 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 84.26 247.00 Td (Rights) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 233.20 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 85.02 233.20 Td (are ) Tj ET Q q 0 0 0 rg BT 98.04 233.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 127.07 233.20 Td (to ) Tj ET Q q 0 0 0 rg BT 136.11 233.20 Td (one ) Tj ET Q q 0 0 0 rg BT 151.14 233.20 Td (vote ) Tj ET Q q 0 0 0 rg BT 168.67 233.20 Td (for ) Tj ET Q q 0 0 0 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) Tj ET Q q 0 0 0 rg BT 65.68 222.40 Td (to ) Tj ET Q q 0 0 0 rg BT 75.37 222.40 Td (receive, ) Tj ET Q q 0 0 0 rg BT 106.28 222.40 Td (ratably) Tj ET Q q 0 0 0 rg BT 130.69 222.40 Td (, ) Tj ET Q q 0 0 0 rg BT 135.62 222.40 Td (all ) Tj ET Q q 0 0 0 rg BT 147.31 222.40 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 187.25 222.40 Td (if ) Tj ET Q q 0 0 0 rg BT 195.43 222.40 Td (and ) Tj ET Q q 0 0 0 rg BT 211.11 222.40 Td (when ) Tj ET Q q 0 0 0 rg BT 233.30 222.40 Td (declared ) Tj ET Q q 0 0 0 rg BT 266.46 222.40 Td (by ) Tj ET Q q 0 0 0 rg BT 278.15 222.40 Td (our ) Tj ET Q q 0 0 0 rg BT 292.84 222.40 Td (board ) Tj ET Q q 0 0 0 rg BT 316.02 222.40 Td (of ) Tj ET Q q 0 0 0 rg BT 326.20 222.40 Td (directors, ) Tj ET Q q 0 0 0 rg BT 362.63 222.40 Td (out ) Tj ET Q q 0 0 0 rg BT 376.82 222.40 Td (of ) Tj ET Q q 0 0 0 rg BT 387.00 222.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 409.69 222.40 Td (legally ) Tj ET Q q 0 0 0 rg BT 436.87 222.40 Td (available ) Tj ET Q q 0 0 0 rg BT 472.04 222.40 Td (for ) Tj ET Q q 0 0 0 rg BT 485.22 222.40 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 525.16 222.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 553.34 222.40 Td (to ) Tj ET Q q 0 0 0 rg BT 563.03 222.40 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 211.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 71.03 211.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 104.59 211.60 Td (right ) Tj ET Q q 0 0 0 rg BT 123.65 211.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.21 211.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 161.77 211.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.33 211.60 Td (any ) Tj ET Q q 0 0 0 rg BT 186.38 211.60 Td (preference ) Tj ET Q q 0 0 0 rg BT 226.41 211.60 Td (shares. ) Tj ET Q q 0 0 0 rg BT 253.21 211.60 Td (Holders ) Tj ET Q q 0 0 0 rg BT 283.77 211.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.33 211.60 Td (common ) Tj ET Q q 0 0 0 rg BT 326.89 211.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 351.44 211.60 Td (do ) Tj ET Q q 0 0 0 rg BT 362.50 211.60 Td (not ) Tj ET Q q 0 0 0 rg BT 376.06 211.60 Td (have ) Tj ET Q q 0 0 0 rg BT 395.11 211.60 Td (pre-emptive, ) Tj ET Q q 0 0 0 rg BT 442.91 211.60 Td (subscription, ) Tj ET Q q 0 0 0 rg BT 491.22 211.60 Td (redemption, ) Tj ET Q q 0 0 0 rg BT 536.52 211.60 Td (conversion ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 200.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.46 200.80 Td (sinking ) Tj ET Q q 0 0 0 rg BT 73.92 200.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 92.38 200.80 Td (rights, ) Tj ET Q q 0 0 0 rg BT 117.09 200.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.04 200.80 Td (do ) Tj ET Q q 0 0 0 rg BT 143.00 200.80 Td (not ) Tj ET Q q 0 0 0 rg BT 156.46 200.80 Td (have ) Tj ET Q q 0 0 0 rg BT 175.41 200.80 Td (any ) Tj ET Q q 0 0 0 rg BT 190.37 200.80 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 232.31 200.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 257.27 200.80 Td (rights. ) Tj ET Q q 0 0 0 rg BT 281.84 200.80 Td (The ) Tj ET Q q 0 0 0 rg BT 297.79 200.80 Td (rights, ) Tj ET Q q 0 0 0 rg BT 322.50 200.80 Td (preferences ) Tj ET Q q 0 0 0 rg BT 365.93 200.80 Td (and ) Tj ET Q q 0 0 0 rg BT 380.89 200.80 Td (privileges ) Tj ET Q q 0 0 0 rg BT 418.34 200.80 Td (of ) Tj ET Q q 0 0 0 rg BT 427.79 200.80 Td (holders ) Tj ET Q q 0 0 0 rg BT 456.25 200.80 Td (of ) Tj ET Q q 0 0 0 rg BT 465.71 200.80 Td (our ) Tj ET Q q 0 0 0 rg BT 479.66 200.80 Td (common ) Tj ET Q q 0 0 0 rg BT 513.12 200.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 537.57 200.80 Td (are ) Tj ET Q q 0 0 0 rg BT 550.52 200.80 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 190.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.31 190.00 Td (the ) Tj ET Q q 0 0 0 rg BT 58.61 190.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 81.41 190.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.21 190.00 Td (the ) Tj ET Q q 0 0 0 rg BT 104.51 190.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 133.31 190.00 Td (of ) Tj ET Q q 0 0 0 rg BT 143.12 190.00 Td (any ) Tj ET Q q 0 0 0 rg BT 158.42 190.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 193.69 190.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 218.49 190.00 Td (which ) Tj ET Q q 0 0 0 rg BT 242.79 190.00 Td (we ) Tj ET Q q 0 0 0 rg BT 255.59 190.00 Td (may ) Tj ET Q q 0 0 0 rg BT 273.39 190.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 293.69 190.00 Td (in ) Tj ET Q q 0 0 0 rg BT 303.00 190.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.30 190.00 Td (future. ) Tj ET Q q 0 0 0 rg BT 342.34 190.00 Td (Directors ) Tj ET Q q 0 0 0 rg BT 378.14 190.00 Td (to ) Tj ET Q q 0 0 0 rg BT 387.44 190.00 Td (be ) Tj ET Q q 0 0 0 rg BT 398.24 190.00 Td (elected ) Tj ET Q q 0 0 0 rg BT 426.03 190.00 Td (by ) Tj ET Q q 0 0 0 rg BT 437.33 190.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 485.12 190.00 Td (require ) Tj ET Q q 0 0 0 rg BT 512.91 190.00 Td (a ) Tj ET Q q 0 0 0 rg BT 519.21 190.00 Td (simple ) Tj ET Q q 0 0 0 rg BT 545.51 190.00 Td (majority ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 179.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.55 179.20 Td (votes ) Tj ET Q q 0 0 0 rg BT 66.61 179.20 Td (cast ) Tj ET Q q 0 0 0 rg BT 82.66 179.20 Td (at ) Tj ET Q q 0 0 0 rg BT 91.21 179.20 Td (a ) Tj ET Q q 0 0 0 rg BT 97.26 179.20 Td (meeting ) Tj ET Q q 0 0 0 rg BT 128.31 179.20 Td (at ) Tj ET Q q 0 0 0 rg BT 136.87 179.20 Td (which ) Tj ET Q q 0 0 0 rg BT 160.92 179.20 Td (a ) Tj ET Q q 0 0 0 rg BT 166.97 179.20 Td (quorum ) Tj ET Q q 0 0 0 rg BT 197.03 179.20 Td (is ) Tj ET Q q 0 0 0 rg BT 205.09 179.20 Td (present. ) Tj ET Q q 0 0 0 rg BT 235.38 179.20 Td (For ) Tj ET Q q 0 0 0 rg BT 249.94 179.20 Td (all ) Tj ET Q q 0 0 0 rg BT 261.00 179.20 Td (other ) Tj ET Q q 0 0 0 rg BT 281.55 179.20 Td (matters, ) Tj ET Q q 0 0 0 rg BT 312.34 179.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 336.90 179.20 Td (a ) Tj ET Q q 0 0 0 rg BT 342.95 179.20 Td (dif) Tj ET Q q 0 0 0 rg BT 352.79 179.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 375.83 179.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 408.38 179.20 Td (is ) Tj ET Q q 0 0 0 rg BT 416.44 179.20 Td (required ) Tj ET Q q 0 0 0 rg BT 448.48 179.20 Td (by ) Tj ET Q q 0 0 0 rg BT 459.54 179.20 Td (law ) Tj ET Q q 0 0 0 rg BT 474.59 179.20 Td (or ) Tj ET Q q 0 0 0 rg BT 484.15 179.20 Td (our ) Tj ET Q q 0 0 0 rg BT 498.20 179.20 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 536.50 179.20 Td (resolutions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 168.40 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 168.40 Td (be ) Tj ET Q q 0 0 0 rg BT 56.00 168.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 91.73 168.40 Td (by ) Tj ET Q q 0 0 0 rg BT 102.98 168.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 150.71 168.40 Td (require ) Tj ET Q q 0 0 0 rg BT 178.45 168.40 Td (approval ) Tj ET Q q 0 0 0 rg BT 212.19 168.40 Td (by ) Tj ET Q q 0 0 0 rg BT 223.44 168.40 Td (a ) Tj ET Q q 0 0 0 rg BT 229.68 168.40 Td (simple ) Tj ET Q q 0 0 0 rg BT 255.93 168.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 288.67 168.40 Td (of ) Tj ET Q q 0 0 0 rg BT 298.42 168.40 Td (votes ) Tj ET Q q 0 0 0 rg BT 319.67 168.40 Td (cast ) Tj ET Q q 0 0 0 rg BT 335.91 168.40 Td (at ) Tj ET Q q 0 0 0 rg BT 344.65 168.40 Td (a ) Tj ET Q q 0 0 0 rg BT 350.90 168.40 Td (meeting ) Tj ET Q q 0 0 0 rg BT 382.14 168.40 Td (at ) Tj ET Q q 0 0 0 rg BT 390.88 168.40 Td (which ) Tj ET Q q 0 0 0 rg BT 415.13 168.40 Td (a ) Tj ET Q q 0 0 0 rg BT 421.37 168.40 Td (quorum ) Tj ET Q q 0 0 0 rg BT 451.62 168.40 Td (is ) Tj ET Q q 0 0 0 rg BT 459.87 168.40 Td (present.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.80 Td (Upon ) Tj ET Q q 0 0 0 rg BT 57.67 140.80 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 100.58 140.80 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 141.75 140.80 Td (or ) Tj ET Q q 0 0 0 rg BT 150.91 140.80 Td (winding ) Tj ET Q q 0 0 0 rg BT 182.08 140.80 Td (up ) Tj ET Q q 0 0 0 rg BT 192.74 140.80 Td (of ) Tj ET Q q 0 0 0 rg BT 201.91 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.57 140.80 Td (Company) Tj ET Q q 0 0 0 rg BT 248.98 140.80 Td (, ) Tj ET Q q 0 0 0 rg BT 252.90 140.80 Td (under ) Tj ET Q q 0 0 0 rg BT 275.05 140.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 309.71 140.80 Td (law) Tj ET Q q 0 0 0 rg BT 322.12 140.80 Td (, ) Tj ET Q q 0 0 0 rg BT 326.03 140.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 373.18 140.80 Td (will ) Tj ET Q q 0 0 0 rg BT 388.85 140.80 Td (be ) Tj ET Q q 0 0 0 rg BT 399.01 140.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 427.67 140.80 Td (to ) Tj ET Q q 0 0 0 rg BT 436.33 140.80 Td (receive, ) Tj ET Q q 0 0 0 rg BT 466.22 140.80 Td (ratably) Tj ET Q q 0 0 0 rg BT 490.63 140.80 Td (, ) Tj ET Q q 0 0 0 rg BT 494.54 140.80 Td (our ) Tj ET Q q 0 0 0 rg BT 508.21 140.80 Td (net ) Tj ET Q q 0 0 0 rg BT 520.87 140.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 543.53 140.80 Td (available ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.00 Td (after ) Tj ET Q q 0 0 0 rg BT 54.73 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.98 130.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 101.22 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 110.97 130.00 Td (all ) Tj ET Q q 0 0 0 rg BT 122.21 130.00 Td (our ) Tj ET Q q 0 0 0 rg BT 136.46 130.00 Td (debts ) Tj ET Q q 0 0 0 rg BT 157.71 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 172.95 130.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 208.70 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 223.94 130.00 Td (any ) Tj ET Q q 0 0 0 rg BT 239.19 130.00 Td (preference ) Tj ET Q q 0 0 0 rg BT 279.40 130.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 308.65 130.00 Td (owed ) Tj ET Q q 0 0 0 rg BT 330.39 130.00 Td (to ) Tj ET Q q 0 0 0 rg BT 339.64 130.00 Td (any ) Tj ET Q q 0 0 0 rg BT 354.88 130.00 Td (preference ) Tj ET Q q 0 0 0 rg BT 395.10 130.00 Td (shareholders.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 102.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.75 102.40 Td (Rights) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 88.60 Td (Special ) Tj ET Q q 0 0 0 rg BT 64.69 88.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 87.39 88.60 Td (attaching ) Tj ET Q q 0 0 0 rg BT 122.58 88.60 Td (to ) Tj ET Q q 0 0 0 rg BT 131.78 88.60 Td (any ) Tj ET Q q 0 0 0 rg BT 146.98 88.60 Td (class ) Tj ET Q q 0 0 0 rg BT 166.68 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.37 88.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.57 88.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 215.27 88.60 Td (may ) Tj ET Q q 0 0 0 rg BT 232.96 88.60 Td (be ) Tj ET Q q 0 0 0 rg BT 243.66 88.60 Td (altered ) Tj ET Q q 0 0 0 rg BT 270.34 88.60 Td (or ) Tj ET Q q 0 0 0 rg BT 280.04 88.60 Td (abrogated ) Tj ET Q q 0 0 0 rg BT 317.72 88.60 Td (with ) Tj ET Q q 0 0 0 rg BT 335.93 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.12 88.60 Td (consent, ) Tj ET Q q 0 0 0 rg BT 381.07 88.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.27 88.60 Td (writing, ) Tj ET Q q 0 0 0 rg BT 420.72 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.42 88.60 Td (not ) Tj ET Q q 0 0 0 rg BT 444.12 88.60 Td (less ) Tj ET Q q 0 0 0 rg BT 459.82 88.60 Td (than ) Tj ET Q q 0 0 0 rg BT 477.52 88.60 Td (75% ) Tj ET Q q 0 0 0 rg BT 496.22 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.92 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.11 88.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 543.81 88.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 568.51 88.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 77.80 Td (that ) Tj ET Q q 0 0 0 rg BT 51.75 77.80 Td (class, ) Tj ET Q q 0 0 0 rg BT 73.74 77.80 Td (or ) Tj ET Q q 0 0 0 rg BT 83.49 77.80 Td (with ) Tj ET Q q 0 0 0 rg BT 101.74 77.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.98 77.80 Td (sanction ) Tj ET Q q 0 0 0 rg BT 147.23 77.80 Td (of ) Tj ET Q q 0 0 0 rg BT 156.97 77.80 Td (a ) Tj ET Q q 0 0 0 rg BT 163.22 77.80 Td (resolution ) Tj ET Q q 0 0 0 rg BT 201.46 77.80 Td (passed ) Tj ET Q q 0 0 0 rg BT 227.71 77.80 Td (at ) Tj ET Q q 0 0 0 rg BT 236.45 77.80 Td (a ) Tj ET Q q 0 0 0 rg BT 242.70 77.80 Td (separate ) Tj ET Q q 0 0 0 rg BT 274.43 77.80 Td (general ) Tj ET Q q 0 0 0 rg BT 303.16 77.80 Td (meeting ) Tj ET Q q 0 0 0 rg BT 334.40 77.80 Td (of ) Tj ET Q q 0 0 0 rg BT 344.14 77.80 Td (the ) Tj ET Q q 0 0 0 rg BT 357.39 77.80 Td (holders ) Tj ET Q q 0 0 0 rg BT 386.13 77.80 Td (of ) Tj ET Q q 0 0 0 rg BT 395.88 77.80 Td (such ) Tj ET Q q 0 0 0 rg BT 414.63 77.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.37 77.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 464.62 77.80 Td (in ) Tj ET Q q 0 0 0 rg BT 473.87 77.80 Td (person ) Tj ET Q q 0 0 0 rg BT 500.12 77.80 Td (or ) Tj ET Q q 0 0 0 rg BT 509.86 77.80 Td (by ) Tj ET Q q 0 0 0 rg BT 521.11 77.80 Td (proxy) Tj ET Q q 0 0 0 rg BT 541.52 77.80 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 50.20 Td (Dir) Tj ET Q q 0 0 0 rg BT 48.83 50.20 Td (ectors) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.20 749.80 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 88.40 749.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 123.08 749.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 152.78 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 168.48 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 181.68 749.80 Td (number ) Tj ET Q q 0 0 0 rg BT 211.38 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.08 749.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 254.77 749.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 273.97 749.80 Td (be ) Tj ET Q q 0 0 0 rg BT 284.67 749.80 Td (such ) Tj ET Q q 0 0 0 rg BT 303.37 749.80 Td (number ) Tj ET Q q 0 0 0 rg BT 333.07 749.80 Td (not ) Tj ET Q q 0 0 0 rg BT 346.77 749.80 Td (less ) Tj ET Q q 0 0 0 rg BT 362.48 749.80 Td (than ) Tj ET Q q 0 0 0 rg BT 380.17 749.80 Td (two, ) Tj ET Q q 0 0 0 rg BT 398.13 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 407.83 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 417.53 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 430.73 749.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 478.42 749.80 Td (by ) Tj ET Q q 0 0 0 rg BT 489.62 749.80 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 522.32 749.80 Td (resolution ) Tj ET Q q 0 0 0 rg BT 560.52 749.80 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (from ) Tj ET Q q 0 0 0 rg BT 55.77 739.00 Td (time ) Tj ET Q q 0 0 0 rg BT 74.05 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 83.33 739.00 Td (time ) Tj ET Q q 0 0 0 rg BT 101.61 739.00 Td (determine. ) Tj ET Q q 0 0 0 rg BT 141.62 739.00 Td (At ) Tj ET Q q 0 0 0 rg BT 152.90 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 166.17 739.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 186.45 739.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 212.72 739.00 Td (general ) Tj ET Q q 0 0 0 rg BT 241.48 739.00 Td (meeting ) Tj ET Q q 0 0 0 rg BT 272.75 739.00 Td (held ) Tj ET Q q 0 0 0 rg BT 290.53 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 301.81 739.00 Td (September20, ) Tj ET Q q 0 0 0 rg BT 356.07 739.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 378.60 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 392.88 739.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 440.64 739.00 Td (set ) Tj ET Q q 0 0 0 rg BT 452.92 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 466.19 739.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 504.97 739.00 Td (number ) Tj ET Q q 0 0 0 rg BT 534.74 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 544.52 739.00 Td (directors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 45.70 728.20 Td (eight. ) Tj ET Q q 0 0 0 rg BT 68.65 728.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.35 728.20 Td (board ) Tj ET Q q 0 0 0 rg BT 108.55 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 118.75 728.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 152.94 728.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 188.13 728.20 Td (consists ) Tj ET Q q 0 0 0 rg BT 219.33 728.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.54 728.20 Td (six) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.04 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 242.74 728.20 Td (members. ) Tj ET Q q 0 0 0 rg BT 280.69 728.20 Td (Directors ) Tj ET Q q 0 0 0 rg BT 316.88 728.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 336.58 728.20 Td (serve ) Tj ET Q q 0 0 0 rg BT 358.27 728.20 Td (until ) Tj ET Q q 0 0 0 rg BT 377.47 728.20 Td (re-elected ) Tj ET Q q 0 0 0 rg BT 415.65 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 425.85 728.20 Td (their ) Tj ET Q q 0 0 0 rg BT 445.04 728.20 Td (successors ) Tj ET Q q 0 0 0 rg BT 485.74 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 499.43 728.20 Td (appointed ) Tj ET Q q 0 0 0 rg BT 537.62 728.20 Td (at ) Tj ET Q q 0 0 0 rg BT 546.82 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 560.52 728.20 Td (next ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 62.24 717.40 Td (general ) Tj ET Q q 0 0 0 rg BT 90.97 717.40 Td (meeting ) Tj ET Q q 0 0 0 rg BT 122.21 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 131.96 717.40 Td (shareholders.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.92 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 74.34 689.80 Td (Companies ) Tj ET Q q 0 0 0 rg BT 116.73 689.80 Td (Act, ) Tj ET Q q 0 0 0 rg BT 134.40 689.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 162.32 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 171.74 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 178.17 689.80 Td (company) Tj ET Q q 0 0 0 rg BT 213.66 689.80 Td (s ) Tj ET Q q 0 0 0 rg BT 219.59 689.80 Td (bye-laws, ) Tj ET Q q 0 0 0 rg BT 256.75 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 270.17 689.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 318.08 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.01 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 334.43 689.80 Td (company ) Tj ET Q q 0 0 0 rg BT 369.84 689.80 Td (may) Tj ET Q q 0 0 0 rg BT 384.76 689.80 Td (, ) Tj ET Q q 0 0 0 rg BT 389.43 689.80 Td (at ) Tj ET Q q 0 0 0 rg BT 398.35 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 404.78 689.80 Td (special ) Tj ET Q q 0 0 0 rg BT 432.19 689.80 Td (general ) Tj ET Q q 0 0 0 rg BT 461.10 689.80 Td (meeting ) Tj ET Q q 0 0 0 rg BT 492.52 689.80 Td (called ) Tj ET Q q 0 0 0 rg BT 516.43 689.80 Td (for ) Tj ET Q q 0 0 0 rg BT 529.35 689.80 Td (that ) Tj ET Q q 0 0 0 rg BT 545.27 689.80 Td (purpose, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (remove ) Tj ET Q q 0 0 0 rg BT 64.93 679.00 Td (any ) Tj ET Q q 0 0 0 rg BT 79.87 679.00 Td (director) Tj ET Q q 0 0 0 rg BT 107.36 679.00 Td (. ) Tj ET Q q 0 0 0 rg BT 111.12 679.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 128.56 679.00 Td (director ) Tj ET Q q 0 0 0 rg BT 158.49 679.00 Td (whose ) Tj ET Q q 0 0 0 rg BT 183.43 679.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 214.86 679.00 Td (is ) Tj ET Q q 0 0 0 rg BT 222.81 679.00 Td (to ) Tj ET Q q 0 0 0 rg BT 231.75 679.00 Td (be ) Tj ET Q q 0 0 0 rg BT 242.19 679.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 283.12 679.00 Td (at ) Tj ET Q q 0 0 0 rg BT 291.56 679.00 Td (such ) Tj ET Q q 0 0 0 rg BT 310.00 679.00 Td (a ) Tj ET Q q 0 0 0 rg BT 315.93 679.00 Td (special ) Tj ET Q q 0 0 0 rg BT 342.86 679.00 Td (general ) Tj ET Q q 0 0 0 rg BT 371.29 679.00 Td (meeting ) Tj ET Q q 0 0 0 rg BT 402.22 679.00 Td (is ) Tj ET Q q 0 0 0 rg BT 410.17 679.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 439.10 679.00 Td (to ) Tj ET Q q 0 0 0 rg BT 448.05 679.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 475.97 679.00 Td (not ) Tj ET Q q 0 0 0 rg BT 489.41 679.00 Td (less ) Tj ET Q q 0 0 0 rg BT 504.85 679.00 Td (than ) Tj ET Q q 0 0 0 rg BT 522.29 679.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 533.24 679.00 Td (days) Tj ET Q q 0 0 0 rg BT 552.06 679.00 Td ( ) Tj ET Q q 0 0 0 rg BT 554.01 679.00 Td (notice ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.20 Td (and ) Tj ET Q q 0 0 0 rg BT 50.97 668.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 69.95 668.20 Td (be ) Tj ET Q q 0 0 0 rg BT 80.43 668.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 109.40 668.20 Td (to ) Tj ET Q q 0 0 0 rg BT 118.38 668.20 Td (be ) Tj ET Q q 0 0 0 rg BT 128.85 668.20 Td (heard ) Tj ET Q q 0 0 0 rg BT 150.82 668.20 Td (at ) Tj ET Q q 0 0 0 rg BT 159.29 668.20 Td (the ) Tj ET Q q 0 0 0 rg BT 172.27 668.20 Td (meeting. ) Tj ET Q q 0 0 0 rg BT 205.05 668.20 Td (A) Tj ET Q q 0 0 0 rg BT 211.06 668.20 Td ( ) Tj ET Q q 0 0 0 rg BT 213.04 668.20 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 244.50 668.20 Td (created ) Tj ET Q q 0 0 0 rg BT 272.45 668.20 Td (by ) Tj ET Q q 0 0 0 rg BT 283.43 668.20 Td (the ) Tj ET Q q 0 0 0 rg BT 296.41 668.20 Td (removal ) Tj ET Q q 0 0 0 rg BT 327.87 668.20 Td (of ) Tj ET Q q 0 0 0 rg BT 337.35 668.20 Td (a ) Tj ET Q q 0 0 0 rg BT 343.33 668.20 Td (director ) Tj ET Q q 0 0 0 rg BT 373.29 668.20 Td (at ) Tj ET Q q 0 0 0 rg BT 381.76 668.20 Td (a ) Tj ET Q q 0 0 0 rg BT 387.74 668.20 Td (special ) Tj ET Q q 0 0 0 rg BT 414.71 668.20 Td (general ) Tj ET Q q 0 0 0 rg BT 443.17 668.20 Td (meeting ) Tj ET Q q 0 0 0 rg BT 474.14 668.20 Td (may ) Tj ET Q q 0 0 0 rg BT 491.61 668.20 Td (be ) Tj ET Q q 0 0 0 rg BT 502.09 668.20 Td (filled ) Tj ET Q q 0 0 0 rg BT 523.06 668.20 Td (at ) Tj ET Q q 0 0 0 rg BT 531.54 668.20 Td (that ) Tj ET Q q 0 0 0 rg BT 547.01 668.20 Td (meeting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (by ) Tj ET Q q 0 0 0 rg BT 47.25 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 60.50 657.40 Td (election ) Tj ET Q q 0 0 0 rg BT 91.23 657.40 Td (of ) Tj ET Q q 0 0 0 rg BT 100.98 657.40 Td (another ) Tj ET Q q 0 0 0 rg BT 130.21 657.40 Td (director ) Tj ET Q q 0 0 0 rg BT 160.45 657.40 Td (or ) Tj ET Q q 0 0 0 rg BT 170.20 657.40 Td (in ) Tj ET Q q 0 0 0 rg BT 179.45 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 192.69 657.40 Td (absence ) Tj ET Q q 0 0 0 rg BT 223.42 657.40 Td (of ) Tj ET Q q 0 0 0 rg BT 233.17 657.40 Td (such ) Tj ET Q q 0 0 0 rg BT 251.92 657.40 Td (election, ) Tj ET Q q 0 0 0 rg BT 284.90 657.40 Td (by ) Tj ET Q q 0 0 0 rg BT 296.15 657.40 Td (the ) Tj ET Q q 0 0 0 rg BT 309.40 657.40 Td (other ) Tj ET Q q 0 0 0 rg BT 330.14 657.40 Td (directors.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 629.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 54.34 629.80 Td (eholder) Tj ET Q q 0 0 0 rg BT 83.18 629.80 Td ( ) Tj ET Q q 0 0 0 rg BT 85.43 629.80 Td (meetings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 616.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.56 616.00 Td (our ) Tj ET Q q 0 0 0 rg BT 74.63 616.00 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 112.94 616.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 139.00 616.00 Td (meetings ) Tj ET Q q 0 0 0 rg BT 173.57 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 183.13 616.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 230.69 616.00 Td (will ) Tj ET Q q 0 0 0 rg BT 246.76 616.00 Td (be ) Tj ET Q q 0 0 0 rg BT 257.33 616.00 Td (held ) Tj ET Q q 0 0 0 rg BT 274.89 616.00 Td (at ) Tj ET Q q 0 0 0 rg BT 283.46 616.00 Td (such ) Tj ET Q q 0 0 0 rg BT 302.03 616.00 Td (times ) Tj ET Q q 0 0 0 rg BT 323.60 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 338.66 616.00 Td (places ) Tj ET Q q 0 0 0 rg BT 363.22 616.00 Td (as ) Tj ET Q q 0 0 0 rg BT 372.79 616.00 Td (our ) Tj ET Q q 0 0 0 rg BT 386.85 616.00 Td (board ) Tj ET Q q 0 0 0 rg BT 409.42 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 418.98 616.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 452.54 616.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 471.61 616.00 Td (designate ) Tj ET Q q 0 0 0 rg BT 507.67 616.00 Td (each ) Tj ET Q q 0 0 0 rg BT 526.22 616.00 Td (calendar ) Tj ET Q q 0 0 0 rg BT 558.77 616.00 Td (year) Tj ET Q q 0 0 0 rg BT 573.76 616.00 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (Special ) Tj ET Q q 0 0 0 rg BT 64.66 605.20 Td (meetings ) Tj ET Q q 0 0 0 rg BT 99.33 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 108.99 605.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 156.65 605.20 Td (may ) Tj ET Q q 0 0 0 rg BT 174.31 605.20 Td (be ) Tj ET Q q 0 0 0 rg BT 184.98 605.20 Td (called ) Tj ET Q q 0 0 0 rg BT 208.63 605.20 Td (by ) Tj ET Q q 0 0 0 rg BT 219.81 605.20 Td (our ) Tj ET Q q 0 0 0 rg BT 233.97 605.20 Td (board ) Tj ET Q q 0 0 0 rg BT 256.64 605.20 Td (of ) Tj ET Q q 0 0 0 rg BT 266.30 605.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 299.96 605.20 Td (at ) Tj ET Q q 0 0 0 rg BT 308.63 605.20 Td (any ) Tj ET Q q 0 0 0 rg BT 323.79 605.20 Td (time ) Tj ET Q q 0 0 0 rg BT 341.96 605.20 Td (and, ) Tj ET Q q 0 0 0 rg BT 359.38 605.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 392.54 605.20 Td (to ) Tj ET Q q 0 0 0 rg BT 401.71 605.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 436.87 605.20 Td (law) Tj ET Q q 0 0 0 rg BT 449.28 605.20 Td (, ) Tj ET Q q 0 0 0 rg BT 453.70 605.20 Td (special ) Tj ET Q q 0 0 0 rg BT 480.86 605.20 Td (meetings ) Tj ET Q q 0 0 0 rg BT 515.53 605.20 Td (must ) Tj ET Q q 0 0 0 rg BT 535.20 605.20 Td (be ) Tj ET Q q 0 0 0 rg BT 545.87 605.20 Td (called ) Tj ET Q q 0 0 0 rg BT 569.52 605.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 49.04 594.40 Td (request ) Tj ET Q q 0 0 0 rg BT 77.08 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 86.63 594.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 134.16 594.40 Td (holding ) Tj ET Q q 0 0 0 rg BT 163.71 594.40 Td (at ) Tj ET Q q 0 0 0 rg BT 172.25 594.40 Td (least ) Tj ET Q q 0 0 0 rg BT 190.79 594.40 Td (10% ) Tj ET Q q 0 0 0 rg BT 209.33 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 218.88 594.40 Td (our ) Tj ET Q q 0 0 0 rg BT 232.92 594.40 Td (paid-up ) Tj ET Q q 0 0 0 rg BT 262.46 594.40 Td (share ) Tj ET Q q 0 0 0 rg BT 283.50 594.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 309.53 594.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 341.56 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 354.61 594.40 Td (right ) Tj ET Q q 0 0 0 rg BT 373.65 594.40 Td (to ) Tj ET Q q 0 0 0 rg BT 382.70 594.40 Td (vote ) Tj ET Q q 0 0 0 rg BT 400.25 594.40 Td (at ) Tj ET Q q 0 0 0 rg BT 408.79 594.40 Td (general ) Tj ET Q q 0 0 0 rg BT 437.32 594.40 Td (meetings. ) Tj ET Q q 0 0 0 rg BT 474.11 594.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 498.65 594.40 Td (our ) Tj ET Q q 0 0 0 rg BT 512.69 594.40 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 550.98 594.40 Td (at ) Tj ET Q q 0 0 0 rg BT 559.52 594.40 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (five ) Tj ET Q q 0 0 0 rg BT 52.37 583.60 Td (days) Tj ET Q q 0 0 0 rg BT 71.20 583.60 Td ( ) Tj ET Q q 0 0 0 rg BT 73.57 583.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 97.94 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.82 583.60 Td (an ) Tj ET Q q 0 0 0 rg BT 118.69 583.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 145.05 583.60 Td (meeting ) Tj ET Q q 0 0 0 rg BT 176.42 583.60 Td (or ) Tj ET Q q 0 0 0 rg BT 186.30 583.60 Td (any ) Tj ET Q q 0 0 0 rg BT 201.67 583.60 Td (special ) Tj ET Q q 0 0 0 rg BT 229.03 583.60 Td (meeting ) Tj ET Q q 0 0 0 rg BT 260.40 583.60 Td (must ) Tj ET Q q 0 0 0 rg BT 280.28 583.60 Td (be ) Tj ET Q q 0 0 0 rg BT 291.16 583.60 Td (given ) Tj ET Q q 0 0 0 rg BT 313.53 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 322.91 583.60 Td (each ) Tj ET Q q 0 0 0 rg BT 341.77 583.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 386.13 583.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 415.49 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 424.87 583.60 Td (vote ) Tj ET Q q 0 0 0 rg BT 442.74 583.60 Td (at ) Tj ET Q q 0 0 0 rg BT 451.62 583.60 Td (that ) Tj ET Q q 0 0 0 rg BT 467.49 583.60 Td (meeting. ) Tj ET Q q 0 0 0 rg BT 501.11 583.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 525.98 583.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 561.34 583.60 Td (law) Tj ET Q q 0 0 0 rg BT 573.75 583.60 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (accidental ) Tj ET Q q 0 0 0 rg BT 75.01 572.80 Td (failure ) Tj ET Q q 0 0 0 rg BT 101.04 572.80 Td (to ) Tj ET Q q 0 0 0 rg BT 110.57 572.80 Td (give ) Tj ET Q q 0 0 0 rg BT 128.61 572.80 Td (notice ) Tj ET Q q 0 0 0 rg BT 153.14 572.80 Td (will ) Tj ET Q q 0 0 0 rg BT 169.67 572.80 Td (not ) Tj ET Q q 0 0 0 rg BT 183.71 572.80 Td (invalidate ) Tj ET Q q 0 0 0 rg BT 221.74 572.80 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 267.76 572.80 Td (at ) Tj ET Q q 0 0 0 rg BT 276.79 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 283.32 572.80 Td (meeting. ) Tj ET Q q 0 0 0 rg BT 317.10 572.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 333.64 572.80 Td (board ) Tj ET Q q 0 0 0 rg BT 356.67 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 366.70 572.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 400.73 572.80 Td (may ) Tj ET Q q 0 0 0 rg BT 418.76 572.80 Td (set ) Tj ET Q q 0 0 0 rg BT 431.30 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 437.83 572.80 Td (record ) Tj ET Q q 0 0 0 rg BT 463.35 572.80 Td (date ) Tj ET Q q 0 0 0 rg BT 480.88 572.80 Td (at ) Tj ET Q q 0 0 0 rg BT 489.91 572.80 Td (any ) Tj ET Q q 0 0 0 rg BT 505.44 572.80 Td (time ) Tj ET Q q 0 0 0 rg BT 523.98 572.80 Td (before ) Tj ET Q q 0 0 0 rg BT 549.50 572.80 Td (or ) Tj ET Q q 0 0 0 rg BT 559.54 572.80 Td (after ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (any ) Tj ET Q q 0 0 0 rg BT 51.24 562.00 Td (date ) Tj ET Q q 0 0 0 rg BT 68.48 562.00 Td (on ) Tj ET Q q 0 0 0 rg BT 79.73 562.00 Td (which ) Tj ET Q q 0 0 0 rg BT 103.98 562.00 Td (such ) Tj ET Q q 0 0 0 rg BT 122.73 562.00 Td (notice ) Tj ET Q q 0 0 0 rg BT 146.97 562.00 Td (is ) Tj ET Q q 0 0 0 rg BT 155.22 562.00 Td (dispatched.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 534.40 Td (Dissenters) Tj ET Q q 0 0 0 rg BT 77.82 534.40 Td ( ) Tj ET Q q 0 0 0 rg BT 80.07 534.40 Td (Rights ) Tj ET Q q 0 0 0 rg BT 107.33 534.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.58 534.40 Td (Appraisal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 61.25 520.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 97.00 520.60 Td (law) Tj ET Q q 0 0 0 rg BT 109.41 520.60 Td (, ) Tj ET Q q 0 0 0 rg BT 114.42 520.60 Td (in ) Tj ET Q q 0 0 0 rg BT 124.18 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.93 520.60 Td (event ) Tj ET Q q 0 0 0 rg BT 160.18 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 170.44 520.60 Td (an ) Tj ET Q q 0 0 0 rg BT 181.69 520.60 Td (amalgamation ) Tj ET Q q 0 0 0 rg BT 235.43 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 245.68 520.60 Td (mer) Tj ET Q q 0 0 0 rg BT 259.51 520.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 273.76 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.02 520.60 Td (a ) Tj ET Q q 0 0 0 rg BT 290.77 520.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 326.52 520.60 Td (company ) Tj ET Q q 0 0 0 rg BT 362.27 520.60 Td (with ) Tj ET Q q 0 0 0 rg BT 381.03 520.60 Td (another ) Tj ET Q q 0 0 0 rg BT 410.78 520.60 Td (company ) Tj ET Q q 0 0 0 rg BT 446.52 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 456.78 520.60 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 503.27 520.60 Td (a ) Tj ET Q q 0 0 0 rg BT 510.03 520.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 554.77 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 565.02 520.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 70.94 509.80 Td (company ) Tj ET Q q 0 0 0 rg BT 105.89 509.80 Td (who ) Tj ET Q q 0 0 0 rg BT 123.34 509.80 Td (did ) Tj ET Q q 0 0 0 rg BT 136.79 509.80 Td (not ) Tj ET Q q 0 0 0 rg BT 150.25 509.80 Td (vote ) Tj ET Q q 0 0 0 rg BT 167.70 509.80 Td (in ) Tj ET Q q 0 0 0 rg BT 176.65 509.80 Td (favor ) Tj ET Q q 0 0 0 rg BT 197.59 509.80 Td (of ) Tj ET Q q 0 0 0 rg BT 207.04 509.80 Td (the ) Tj ET Q q 0 0 0 rg BT 219.99 509.80 Td (amalgamation ) Tj ET Q q 0 0 0 rg BT 272.93 509.80 Td (and ) Tj ET Q q 0 0 0 rg BT 287.88 509.80 Td (is ) Tj ET Q q 0 0 0 rg BT 295.83 509.80 Td (not ) Tj ET Q q 0 0 0 rg BT 309.29 509.80 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 341.23 509.80 Td (that ) Tj ET Q q 0 0 0 rg BT 356.68 509.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 371.12 509.80 Td (value ) Tj ET Q q 0 0 0 rg BT 392.57 509.80 Td (has ) Tj ET Q q 0 0 0 rg BT 406.52 509.80 Td (been ) Tj ET Q q 0 0 0 rg BT 425.46 509.80 Td (of) Tj ET Q q 0 0 0 rg BT 432.80 509.80 Td (fered ) Tj ET Q q 0 0 0 rg BT 453.23 509.80 Td (for ) Tj ET Q q 0 0 0 rg BT 465.68 509.80 Td (such ) Tj ET Q q 0 0 0 rg BT 484.13 509.80 Td (shareholder) Tj ET Q q 0 0 0 rg BT 526.45 509.80 Td () Tj ET Q q 0 0 0 rg BT 528.95 509.80 Td (s ) Tj ET Q q 0 0 0 rg BT 534.40 509.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 558.85 509.80 Td (may) Tj ET Q q 0 0 0 rg BT 573.76 509.80 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 499.00 Td (within ) Tj ET Q q 0 0 0 rg BT 61.25 499.00 Td (one ) Tj ET Q q 0 0 0 rg BT 76.50 499.00 Td (month ) Tj ET Q q 0 0 0 rg BT 101.75 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 111.49 499.00 Td (notice ) Tj ET Q q 0 0 0 rg BT 135.73 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 145.48 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.73 499.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 206.46 499.00 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 239.95 499.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 262.20 499.00 Td (to ) Tj ET Q q 0 0 0 rg BT 271.45 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.69 499.00 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 318.93 499.00 Td (Court ) Tj ET Q q 0 0 0 rg BT 341.68 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.43 499.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 386.67 499.00 Td (to ) Tj ET Q q 0 0 0 rg BT 395.92 499.00 Td (appraise ) Tj ET Q q 0 0 0 rg BT 428.15 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 441.40 499.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 456.14 499.00 Td (value ) Tj ET Q q 0 0 0 rg BT 477.88 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 487.63 499.00 Td (those ) Tj ET Q q 0 0 0 rg BT 508.87 499.00 Td (shares.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 471.40 Td (Shar) Tj ET Q q 0 0 0 rg BT 54.34 471.40 Td (eholders) Tj ET Q q 0 0 0 rg BT 89.17 471.40 Td ( ) Tj ET Q q 0 0 0 rg BT 91.42 471.40 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 133.15 471.40 Td (Actions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 457.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 58.39 457.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 86.77 457.60 Td (and ) Tj ET Q q 0 0 0 rg BT 102.65 457.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.53 457.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 169.91 457.60 Td (are ) Tj ET Q q 0 0 0 rg BT 183.78 457.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 220.15 457.60 Td (not ) Tj ET Q q 0 0 0 rg BT 234.54 457.60 Td (available ) Tj ET Q q 0 0 0 rg BT 269.91 457.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.80 457.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 328.17 457.60 Td (under ) Tj ET Q q 0 0 0 rg BT 351.55 457.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 387.43 457.60 Td (law) Tj ET Q q 0 0 0 rg BT 399.84 457.60 Td (. ) Tj ET Q q 0 0 0 rg BT 404.97 457.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 440.85 457.60 Td (courts, ) Tj ET Q q 0 0 0 rg BT 467.98 457.60 Td (however) Tj ET Q q 0 0 0 rg BT 498.61 457.60 Td (, ) Tj ET Q q 0 0 0 rg BT 503.75 457.60 Td (would ) Tj ET Q q 0 0 0 rg BT 529.14 457.60 Td (ordinarily ) Tj ET Q q 0 0 0 rg BT 567.52 457.60 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 446.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 70.28 446.80 Td (to ) Tj ET Q q 0 0 0 rg BT 79.59 446.80 Td (permit ) Tj ET Q q 0 0 0 rg BT 105.38 446.80 Td (a ) Tj ET Q q 0 0 0 rg BT 111.68 446.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 155.97 446.80 Td (to ) Tj ET Q q 0 0 0 rg BT 165.27 446.80 Td (commence ) Tj ET Q q 0 0 0 rg BT 206.55 446.80 Td (an ) Tj ET Q q 0 0 0 rg BT 217.35 446.80 Td (action ) Tj ET Q q 0 0 0 rg BT 241.65 446.80 Td (in ) Tj ET Q q 0 0 0 rg BT 250.95 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.25 446.80 Td (name ) Tj ET Q q 0 0 0 rg BT 286.04 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 295.84 446.80 Td (a ) Tj ET Q q 0 0 0 rg BT 302.14 446.80 Td (company ) Tj ET Q q 0 0 0 rg BT 337.44 446.80 Td (to ) Tj ET Q q 0 0 0 rg BT 346.74 446.80 Td (remedy ) Tj ET Q q 0 0 0 rg BT 376.03 446.80 Td (a ) Tj ET Q q 0 0 0 rg BT 382.33 446.80 Td (wrong ) Tj ET Q q 0 0 0 rg BT 407.63 446.80 Td (to ) Tj ET Q q 0 0 0 rg BT 416.93 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 430.23 446.80 Td (company ) Tj ET Q q 0 0 0 rg BT 465.53 446.80 Td (where ) Tj ET Q q 0 0 0 rg BT 489.81 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.11 446.80 Td (act ) Tj ET Q q 0 0 0 rg BT 515.91 446.80 Td (complained ) Tj ET Q q 0 0 0 rg BT 560.20 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 570.00 446.80 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 436.00 Td (alleged, ) Tj ET Q q 0 0 0 rg BT 66.51 436.00 Td (to ) Tj ET Q q 0 0 0 rg BT 75.78 436.00 Td (be ) Tj ET Q q 0 0 0 rg BT 86.54 436.00 Td (beyond ) Tj ET Q q 0 0 0 rg BT 115.31 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 128.57 436.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 164.82 436.00 Td (power ) Tj ET Q q 0 0 0 rg BT 189.59 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 199.35 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 212.62 436.00 Td (company) Tj ET Q q 0 0 0 rg BT 245.03 436.00 Td (, ) Tj ET Q q 0 0 0 rg BT 249.55 436.00 Td (or ) Tj ET Q q 0 0 0 rg BT 259.31 436.00 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 286.33 436.00 Td (or ) Tj ET Q q 0 0 0 rg BT 296.10 436.00 Td (would ) Tj ET Q q 0 0 0 rg BT 320.87 436.00 Td (result ) Tj ET Q q 0 0 0 rg BT 343.13 436.00 Td (in ) Tj ET Q q 0 0 0 rg BT 352.40 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 365.67 436.00 Td (violation ) Tj ET Q q 0 0 0 rg BT 399.94 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 409.71 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 422.97 436.00 Td (company) Tj ET Q q 0 0 0 rg BT 458.46 436.00 Td (s ) Tj ET Q q 0 0 0 rg BT 464.24 436.00 Td (memorandum ) Tj ET Q q 0 0 0 rg BT 516.49 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 526.26 436.00 Td (association ) Tj ET Q q 0 0 0 rg BT 568.52 436.00 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 425.20 Td (bye-laws. ) Tj ET Q q 0 0 0 rg BT 72.77 425.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 122.04 425.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 172.55 425.20 Td (would ) Tj ET Q q 0 0 0 rg BT 197.08 425.20 Td (be ) Tj ET Q q 0 0 0 rg BT 207.61 425.20 Td (given ) Tj ET Q q 0 0 0 rg BT 229.63 425.20 Td (by ) Tj ET Q q 0 0 0 rg BT 240.66 425.20 Td (a ) Tj ET Q q 0 0 0 rg BT 246.69 425.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 281.71 425.20 Td (court ) Tj ET Q q 0 0 0 rg BT 302.23 425.20 Td (to ) Tj ET Q q 0 0 0 rg BT 311.26 425.20 Td (acts ) Tj ET Q q 0 0 0 rg BT 327.28 425.20 Td (that ) Tj ET Q q 0 0 0 rg BT 342.81 425.20 Td (are ) Tj ET Q q 0 0 0 rg BT 355.83 425.20 Td (alleged ) Tj ET Q q 0 0 0 rg BT 383.84 425.20 Td (to ) Tj ET Q q 0 0 0 rg BT 392.87 425.20 Td (constitute ) Tj ET Q q 0 0 0 rg BT 429.90 425.20 Td (a ) Tj ET Q q 0 0 0 rg BT 435.92 425.20 Td (fraud ) Tj ET Q q 0 0 0 rg BT 456.94 425.20 Td (against ) Tj ET Q q 0 0 0 rg BT 484.46 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 497.49 425.20 Td (minority ) Tj ET Q q 0 0 0 rg BT 530.52 425.20 Td (shareholders ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 414.40 Td (or) Tj ET Q q 0 0 0 rg BT 43.14 414.40 Td (, ) Tj ET Q q 0 0 0 rg BT 47.23 414.40 Td (for ) Tj ET Q q 0 0 0 rg BT 59.57 414.40 Td (instance, ) Tj ET Q q 0 0 0 rg BT 93.16 414.40 Td (where ) Tj ET Q q 0 0 0 rg BT 116.99 414.40 Td (an ) Tj ET Q q 0 0 0 rg BT 127.33 414.40 Td (act ) Tj ET Q q 0 0 0 rg BT 139.66 414.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 170.49 414.40 Td (the ) Tj ET Q q 0 0 0 rg BT 183.34 414.40 Td (approval ) Tj ET Q q 0 0 0 rg BT 216.67 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 226.01 414.40 Td (a ) Tj ET Q q 0 0 0 rg BT 231.85 414.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 258.68 414.40 Td (percentage ) Tj ET Q q 0 0 0 rg BT 299.49 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 308.83 414.40 Td (the ) Tj ET Q q 0 0 0 rg BT 321.68 414.40 Td (company) Tj ET Q q 0 0 0 rg BT 357.17 414.40 Td (s ) Tj ET Q q 0 0 0 rg BT 362.51 414.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 409.84 414.40 Td (than ) Tj ET Q q 0 0 0 rg BT 427.18 414.40 Td (that ) Tj ET Q q 0 0 0 rg BT 442.52 414.40 Td (which ) Tj ET Q q 0 0 0 rg BT 466.37 414.40 Td (actually ) Tj ET Q q 0 0 0 rg BT 496.70 414.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 532.03 414.40 Td (it. ) Tj ET Q q 0 0 0 rg BT 541.13 414.40 Td (However) Tj ET Q q 0 0 0 rg BT 573.75 414.40 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 403.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 71.80 403.60 Td (a ) Tj ET Q q 0 0 0 rg BT 78.12 403.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 116.42 403.60 Td (action ) Tj ET Q q 0 0 0 rg BT 140.73 403.60 Td (will ) Tj ET Q q 0 0 0 rg BT 157.06 403.60 Td (not ) Tj ET Q q 0 0 0 rg BT 170.88 403.60 Td (be ) Tj ET Q q 0 0 0 rg BT 181.69 403.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 218.50 403.60 Td (where ) Tj ET Q q 0 0 0 rg BT 242.81 403.60 Td (there ) Tj ET Q q 0 0 0 rg BT 263.12 403.60 Td (is ) Tj ET Q q 0 0 0 rg BT 271.44 403.60 Td (an ) Tj ET Q q 0 0 0 rg BT 282.26 403.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 322.56 403.60 Td (action ) Tj ET Q q 0 0 0 rg BT 346.87 403.60 Td (available ) Tj ET Q q 0 0 0 rg BT 381.67 403.60 Td (that ) Tj ET Q q 0 0 0 rg BT 397.49 403.60 Td (would ) Tj ET Q q 0 0 0 rg BT 422.31 403.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.12 403.60 Td (an ) Tj ET Q q 0 0 0 rg BT 462.94 403.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 497.24 403.60 Td (remedy) Tj ET Q q 0 0 0 rg BT 523.64 403.60 Td (. ) Tj ET Q q 0 0 0 rg BT 527.70 403.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 545.52 403.60 Td (property ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 392.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.84 392.80 Td (damages ) Tj ET Q q 0 0 0 rg BT 79.68 392.80 Td (recovered ) Tj ET Q q 0 0 0 rg BT 117.49 392.80 Td (by ) Tj ET Q q 0 0 0 rg BT 128.84 392.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 167.17 392.80 Td (action ) Tj ET Q q 0 0 0 rg BT 191.50 392.80 Td (go ) Tj ET Q q 0 0 0 rg BT 202.85 392.80 Td (to ) Tj ET Q q 0 0 0 rg BT 212.20 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.54 392.80 Td (company) Tj ET Q q 0 0 0 rg BT 257.94 392.80 Td (, ) Tj ET Q q 0 0 0 rg BT 262.54 392.80 Td (not ) Tj ET Q q 0 0 0 rg BT 276.38 392.80 Td (to ) Tj ET Q q 0 0 0 rg BT 285.73 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 299.07 392.80 Td (plaintif) Tj ET Q q 0 0 0 rg BT 324.90 392.80 Td (f ) Tj ET Q q 0 0 0 rg BT 330.24 392.80 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 380.15 392.80 Td (When ) Tj ET Q q 0 0 0 rg BT 403.99 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 417.33 392.80 Td (af) Tj ET Q q 0 0 0 rg BT 424.16 392.80 Td (fairs ) Tj ET Q q 0 0 0 rg BT 442.50 392.80 Td (of ) Tj ET Q q 0 0 0 rg BT 452.34 392.80 Td (a ) Tj ET Q q 0 0 0 rg BT 458.68 392.80 Td (company ) Tj ET Q q 0 0 0 rg BT 494.01 392.80 Td (are ) Tj ET Q q 0 0 0 rg BT 507.35 392.80 Td (being ) Tj ET Q q 0 0 0 rg BT 529.69 392.80 Td (conducted ) Tj ET Q q 0 0 0 rg BT 569.02 392.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 382.00 Td (a ) Tj ET Q q 0 0 0 rg BT 42.05 382.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 71.09 382.00 Td (which ) Tj ET Q q 0 0 0 rg BT 95.15 382.00 Td (is ) Tj ET Q q 0 0 0 rg BT 103.21 382.00 Td (oppressive ) Tj ET Q q 0 0 0 rg BT 143.75 382.00 Td (or ) Tj ET Q q 0 0 0 rg BT 153.31 382.00 Td (prejudicial ) Tj ET Q q 0 0 0 rg BT 193.85 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 202.90 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.96 382.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 248.01 382.00 Td (of ) Tj ET Q q 0 0 0 rg BT 257.56 382.00 Td (some ) Tj ET Q q 0 0 0 rg BT 278.61 382.00 Td (part ) Tj ET Q q 0 0 0 rg BT 294.66 382.00 Td (of ) Tj ET Q q 0 0 0 rg BT 304.22 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 317.27 382.00 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 367.06 382.00 Td (one ) Tj ET Q q 0 0 0 rg BT 382.11 382.00 Td (or ) Tj ET Q q 0 0 0 rg BT 391.66 382.00 Td (more ) Tj ET Q q 0 0 0 rg BT 412.21 382.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 459.75 382.00 Td (may ) Tj ET Q q 0 0 0 rg BT 477.30 382.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 499.35 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 508.41 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.46 382.00 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 555.51 382.00 Td (Court ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 371.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.84 371.20 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 83.42 371.20 Td (which ) Tj ET Q q 0 0 0 rg BT 107.75 371.20 Td (may ) Tj ET Q q 0 0 0 rg BT 125.59 371.20 Td (make ) Tj ET Q q 0 0 0 rg BT 147.42 371.20 Td (such ) Tj ET Q q 0 0 0 rg BT 166.26 371.20 Td (order ) Tj ET Q q 0 0 0 rg BT 187.58 371.20 Td (as ) Tj ET Q q 0 0 0 rg BT 197.42 371.20 Td (it ) Tj ET Q q 0 0 0 rg BT 204.76 371.20 Td (sees ) Tj ET Q q 0 0 0 rg BT 222.10 371.20 Td (fit, ) Tj ET Q q 0 0 0 rg BT 234.69 371.20 Td (including ) Tj ET Q q 0 0 0 rg BT 271.02 371.20 Td (an ) Tj ET Q q 0 0 0 rg BT 281.86 371.20 Td (order ) Tj ET Q q 0 0 0 rg BT 303.19 371.20 Td (regulating ) Tj ET Q q 0 0 0 rg BT 342.01 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 355.35 371.20 Td (conduct ) Tj ET Q q 0 0 0 rg BT 386.18 371.20 Td (of ) Tj ET Q q 0 0 0 rg BT 396.02 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.35 371.20 Td (company) Tj ET Q q 0 0 0 rg BT 444.84 371.20 Td (s ) Tj ET Q q 0 0 0 rg BT 450.69 371.20 Td (af) Tj ET Q q 0 0 0 rg BT 457.52 371.20 Td (fairs ) Tj ET Q q 0 0 0 rg BT 475.85 371.20 Td (in ) Tj ET Q q 0 0 0 rg BT 485.19 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 498.52 371.20 Td (future ) Tj ET Q q 0 0 0 rg BT 522.35 371.20 Td (or ) Tj ET Q q 0 0 0 rg BT 532.19 371.20 Td (ordering ) Tj ET Q q 0 0 0 rg BT 565.02 371.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 360.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 70.23 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 79.98 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 93.23 360.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 117.97 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.71 360.40 Td (any ) Tj ET Q q 0 0 0 rg BT 142.96 360.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 190.69 360.40 Td (by ) Tj ET Q q 0 0 0 rg BT 201.94 360.40 Td (other ) Tj ET Q q 0 0 0 rg BT 222.68 360.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 270.42 360.40 Td (or ) Tj ET Q q 0 0 0 rg BT 280.16 360.40 Td (by ) Tj ET Q q 0 0 0 rg BT 291.41 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 304.66 360.40 Td (company ) Tj ET Q q 0 0 0 rg BT 339.90 360.40 Td (or ) Tj ET Q q 0 0 0 rg BT 349.65 360.40 Td (that ) Tj ET Q q 0 0 0 rg BT 365.39 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.64 360.40 Td (company ) Tj ET Q q 0 0 0 rg BT 413.88 360.40 Td (be ) Tj ET Q q 0 0 0 rg BT 424.62 360.40 Td (wound ) Tj ET Q q 0 0 0 rg BT 451.37 360.40 Td (up.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.80 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 332.80 Td ( ) Tj ET Q q 0 0 0 rg BT 44.54 332.80 Td (statutory ) Tj ET Q q 0 0 0 rg BT 78.58 332.80 Td (right ) Tj ET Q q 0 0 0 rg BT 98.11 332.80 Td (of ) Tj ET Q q 0 0 0 rg BT 108.15 332.80 Td (action ) Tj ET Q q 0 0 0 rg BT 132.68 332.80 Td (is ) Tj ET Q q 0 0 0 rg BT 141.22 332.80 Td (conferred ) Tj ET Q q 0 0 0 rg BT 178.24 332.80 Td (on ) Tj ET Q q 0 0 0 rg BT 189.77 332.80 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 232.80 332.80 Td (to ) Tj ET Q q 0 0 0 rg BT 242.34 332.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 267.37 332.80 Td (of ) Tj ET Q q 0 0 0 rg BT 277.41 332.80 Td (a ) Tj ET Q q 0 0 0 rg BT 283.94 332.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 319.47 332.80 Td (company ) Tj ET Q q 0 0 0 rg BT 355.00 332.80 Td (against ) Tj ET Q q 0 0 0 rg BT 383.03 332.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 413.07 332.80 Td (\(including ) Tj ET Q q 0 0 0 rg BT 452.60 332.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 486.63 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 502.16 332.80 Td (of) Tj ET Q q 0 0 0 rg BT 509.50 332.80 Td (ficers\) ) Tj ET Q q 0 0 0 rg BT 535.02 332.80 Td (responsible ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 322.00 Td (for ) Tj ET Q q 0 0 0 rg BT 49.15 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 62.80 322.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 83.46 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 93.61 322.00 Td (a ) Tj ET Q q 0 0 0 rg BT 100.26 322.00 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 141.41 322.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.07 322.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 179.21 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 189.36 322.00 Td (damage ) Tj ET Q q 0 0 0 rg BT 220.01 322.00 Td (suf) Tj ET Q q 0 0 0 rg BT 230.84 322.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 251.98 322.00 Td (by ) Tj ET Q q 0 0 0 rg BT 263.64 322.00 Td (reason ) Tj ET Q q 0 0 0 rg BT 289.79 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 299.94 322.00 Td (an ) Tj ET Q q 0 0 0 rg BT 311.09 322.00 Td (untrue ) Tj ET Q q 0 0 0 rg BT 336.74 322.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 373.88 322.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 411.53 322.00 Td (in ) Tj ET Q q 0 0 0 rg BT 421.18 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.83 322.00 Td (prospectus, ) Tj ET Q q 0 0 0 rg BT 478.23 322.00 Td (but ) Tj ET Q q 0 0 0 rg BT 492.39 322.00 Td (this ) Tj ET Q q 0 0 0 rg BT 508.05 322.00 Td (confers ) Tj ET Q q 0 0 0 rg BT 537.19 322.00 Td (no ) Tj ET Q q 0 0 0 rg BT 548.85 322.00 Td (right ) Tj ET Q q 0 0 0 rg BT 568.50 322.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.20 Td (action ) Tj ET Q q 0 0 0 rg BT 60.20 311.20 Td (against ) Tj ET Q q 0 0 0 rg BT 87.91 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 101.11 311.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 136.31 311.20 Td (company ) Tj ET Q q 0 0 0 rg BT 171.51 311.20 Td (itself. ) Tj ET Q q 0 0 0 rg BT 193.97 311.20 Td (In ) Tj ET Q q 0 0 0 rg BT 203.68 311.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 237.64 311.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.34 311.20 Td (to ) Tj ET Q q 0 0 0 rg BT 274.55 311.20 Td (any ) Tj ET Q q 0 0 0 rg BT 289.76 311.20 Td (limitations ) Tj ET Q q 0 0 0 rg BT 330.47 311.20 Td (that ) Tj ET Q q 0 0 0 rg BT 346.18 311.20 Td (may ) Tj ET Q q 0 0 0 rg BT 363.89 311.20 Td (be ) Tj ET Q q 0 0 0 rg BT 374.59 311.20 Td (contained ) Tj ET Q q 0 0 0 rg BT 411.79 311.20 Td (in ) Tj ET Q q 0 0 0 rg BT 421.00 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 434.21 311.20 Td (company) Tj ET Q q 0 0 0 rg BT 469.70 311.20 Td (s ) Tj ET Q q 0 0 0 rg BT 475.41 311.20 Td (bye-laws ) Tj ET Q q 0 0 0 rg BT 510.11 311.20 Td (a ) Tj ET Q q 0 0 0 rg BT 516.32 311.20 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 560.51 311.20 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.40 Td (bring ) Tj ET Q q 0 0 0 rg BT 57.89 300.40 Td (a ) Tj ET Q q 0 0 0 rg BT 64.79 300.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 103.67 300.40 Td (action ) Tj ET Q q 0 0 0 rg BT 128.55 300.40 Td (on ) Tj ET Q q 0 0 0 rg BT 140.45 300.40 Td (behalf ) Tj ET Q q 0 0 0 rg BT 165.83 300.40 Td (of ) Tj ET Q q 0 0 0 rg BT 176.23 300.40 Td (the ) Tj ET Q q 0 0 0 rg BT 190.12 300.40 Td (company ) Tj ET Q q 0 0 0 rg BT 226.01 300.40 Td (to ) Tj ET Q q 0 0 0 rg BT 235.90 300.40 Td (enforce ) Tj ET Q q 0 0 0 rg BT 265.78 300.40 Td (a ) Tj ET Q q 0 0 0 rg BT 272.67 300.40 Td (right ) Tj ET Q q 0 0 0 rg BT 292.57 300.40 Td (of ) Tj ET Q q 0 0 0 rg BT 302.96 300.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.85 300.40 Td (company ) Tj ET Q q 0 0 0 rg BT 352.74 300.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 366.13 300.40 Td (opposed ) Tj ET Q q 0 0 0 rg BT 399.02 300.40 Td (to ) Tj ET Q q 0 0 0 rg BT 408.92 300.40 Td (a ) Tj ET Q q 0 0 0 rg BT 415.81 300.40 Td (right ) Tj ET Q q 0 0 0 rg BT 435.71 300.40 Td (of ) Tj ET Q q 0 0 0 rg BT 446.10 300.40 Td (its ) Tj ET Q q 0 0 0 rg BT 457.50 300.40 Td (shareholders\) ) Tj ET Q q 0 0 0 rg BT 508.88 300.40 Td (against ) Tj ET Q q 0 0 0 rg BT 537.27 300.40 Td (its ) Tj ET Q q 0 0 0 rg BT 548.67 300.40 Td (of) Tj ET Q q 0 0 0 rg BT 556.00 300.40 Td (ficers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 289.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 75.24 289.60 Td (directors\) ) Tj ET Q q 0 0 0 rg BT 111.98 289.60 Td (for ) Tj ET Q q 0 0 0 rg BT 124.72 289.60 Td (breach ) Tj ET Q q 0 0 0 rg BT 150.95 289.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.70 289.60 Td (their ) Tj ET Q q 0 0 0 rg BT 179.44 289.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 213.19 289.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.43 289.60 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 263.17 289.60 Td (duty ) Tj ET Q q 0 0 0 rg BT 281.42 289.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.67 289.60 Td (act ) Tj ET Q q 0 0 0 rg BT 303.41 289.60 Td (honestly ) Tj ET Q q 0 0 0 rg BT 336.16 289.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.40 289.60 Td (in ) Tj ET Q q 0 0 0 rg BT 360.65 289.60 Td (good ) Tj ET Q q 0 0 0 rg BT 380.90 289.60 Td (faith ) Tj ET Q q 0 0 0 rg BT 399.64 289.60 Td (with ) Tj ET Q q 0 0 0 rg BT 417.89 289.60 Td (a ) Tj ET Q q 0 0 0 rg BT 424.14 289.60 Td (view ) Tj ET Q q 0 0 0 rg BT 443.88 289.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.13 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 466.38 289.60 Td (best ) Tj ET Q q 0 0 0 rg BT 483.13 289.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 515.37 289.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.12 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.36 289.60 Td (company) Tj ET Q q 0 0 0 rg BT 570.77 289.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 262.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.78 262.00 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 87.56 262.00 Td (contain ) Tj ET Q q 0 0 0 rg BT 115.84 262.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 155.13 262.00 Td (whereby ) Tj ET Q q 0 0 0 rg BT 187.91 262.00 Td (each ) Tj ET Q q 0 0 0 rg BT 206.18 262.00 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 249.95 262.00 Td (agrees ) Tj ET Q q 0 0 0 rg BT 274.72 262.00 Td (that ) Tj ET Q q 0 0 0 rg BT 290.00 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 302.78 262.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 332.57 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 341.85 262.00 Td (our ) Tj ET Q q 0 0 0 rg BT 355.64 262.00 Td (of) Tj ET Q q 0 0 0 rg BT 362.97 262.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 384.75 262.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 403.53 262.00 Td (be ) Tj ET Q q 0 0 0 rg BT 413.81 262.00 Td (limited, ) Tj ET Q q 0 0 0 rg BT 443.35 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 458.13 262.00 Td (further ) Tj ET Q q 0 0 0 rg BT 484.40 262.00 Td (agrees ) Tj ET Q q 0 0 0 rg BT 509.17 262.00 Td (to ) Tj ET Q q 0 0 0 rg BT 517.96 262.00 Td (waive ) Tj ET Q q 0 0 0 rg BT 541.24 262.00 Td (any ) Tj ET Q q 0 0 0 rg BT 556.02 262.00 Td (claim ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 251.20 Td (such ) Tj ET Q q 0 0 0 rg BT 54.67 251.20 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 98.83 251.20 Td (may ) Tj ET Q q 0 0 0 rg BT 116.50 251.20 Td (have, ) Tj ET Q q 0 0 0 rg BT 137.91 251.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 169.08 251.20 Td (individually ) Tj ET Q q 0 0 0 rg BT 214.75 251.20 Td (or ) Tj ET Q q 0 0 0 rg BT 224.42 251.20 Td (derivatively) Tj ET Q q 0 0 0 rg BT 266.82 251.20 Td (, ) Tj ET Q q 0 0 0 rg BT 271.24 251.20 Td (against ) Tj ET Q q 0 0 0 rg BT 298.91 251.20 Td (our ) Tj ET Q q 0 0 0 rg BT 313.08 251.20 Td (of) Tj ET Q q 0 0 0 rg BT 320.42 251.20 Td (ficers ) Tj ET Q q 0 0 0 rg BT 342.58 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 351.76 251.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 379.42 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 389.09 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 402.26 251.20 Td (of) Tj ET Q q 0 0 0 rg BT 409.59 251.20 Td (ficer) Tj ET Q q 0 0 0 rg BT 426.41 251.20 Td () Tj ET Q q 0 0 0 rg BT 428.91 251.20 Td (s ) Tj ET Q q 0 0 0 rg BT 434.59 251.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 482.23 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 491.91 251.20 Td (his ) Tj ET Q q 0 0 0 rg BT 504.58 251.20 Td (or ) Tj ET Q q 0 0 0 rg BT 514.26 251.20 Td (her ) Tj ET Q q 0 0 0 rg BT 527.92 251.20 Td (duties, ) Tj ET Q q 0 0 0 rg BT 553.85 251.20 Td (and ) Tj ET Q q 0 0 0 rg BT 569.02 251.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 240.40 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 75.46 240.40 Td (and ) Tj ET Q q 0 0 0 rg BT 90.93 240.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 109.39 240.40 Td (harmless ) Tj ET Q q 0 0 0 rg BT 143.86 240.40 Td (its ) Tj ET Q q 0 0 0 rg BT 154.83 240.40 Td (of) Tj ET Q q 0 0 0 rg BT 162.16 240.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 184.62 240.40 Td (in ) Tj ET Q q 0 0 0 rg BT 194.09 240.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 222.04 240.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.00 240.40 Td (any ) Tj ET Q q 0 0 0 rg BT 247.47 240.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 277.93 240.40 Td (attaching ) Tj ET Q q 0 0 0 rg BT 313.39 240.40 Td (to ) Tj ET Q q 0 0 0 rg BT 322.86 240.40 Td (such ) Tj ET Q q 0 0 0 rg BT 341.82 240.40 Td (of) Tj ET Q q 0 0 0 rg BT 349.16 240.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 368.11 240.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 400.56 240.40 Td (by ) Tj ET Q q 0 0 0 rg BT 412.03 240.40 Td (him ) Tj ET Q q 0 0 0 rg BT 428.50 240.40 Td (or ) Tj ET Q q 0 0 0 rg BT 438.47 240.40 Td (her ) Tj ET Q q 0 0 0 rg BT 452.43 240.40 Td (as ) Tj ET Q q 0 0 0 rg BT 462.39 240.40 Td (an ) Tj ET Q q 0 0 0 rg BT 473.36 240.40 Td (of) Tj ET Q q 0 0 0 rg BT 480.69 240.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 499.64 240.40 Td (of ) Tj ET Q q 0 0 0 rg BT 509.61 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 523.07 240.40 Td (Company) Tj ET Q q 0 0 0 rg BT 557.49 240.40 Td (. ) Tj ET Q q 0 0 0 rg BT 562.03 240.40 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 78.24 229.60 Td (on ) Tj ET Q q 0 0 0 rg BT 89.49 229.60 Td (liability) Tj ET Q q 0 0 0 rg BT 116.90 229.60 Td (, ) Tj ET Q q 0 0 0 rg BT 121.40 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.65 229.60 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 173.40 229.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.64 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.88 229.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 228.62 229.60 Td (do ) Tj ET Q q 0 0 0 rg BT 239.87 229.60 Td (not ) Tj ET Q q 0 0 0 rg BT 253.62 229.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 279.86 229.60 Td (to ) Tj ET Q q 0 0 0 rg BT 289.11 229.60 Td (any ) Tj ET Q q 0 0 0 rg BT 304.36 229.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 334.60 229.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.35 229.60 Td (an ) Tj ET Q q 0 0 0 rg BT 355.10 229.60 Td (of) Tj ET Q q 0 0 0 rg BT 362.43 229.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 381.16 229.60 Td (for ) Tj ET Q q 0 0 0 rg BT 393.91 229.60 Td (fraud ) Tj ET Q q 0 0 0 rg BT 415.15 229.60 Td (or ) Tj ET Q q 0 0 0 rg BT 424.89 229.60 Td (dishonesty) Tj ET Q q 0 0 0 rg BT 462.81 229.60 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 202.00 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 82.75 202.00 Td (on ) Tj ET Q q 0 0 0 rg BT 94.51 202.00 Td (Dir) Tj ET Q q 0 0 0 rg BT 107.34 202.00 Td (ector) Tj ET Q q 0 0 0 rg BT 126.66 202.00 Td ( ) Tj ET Q q 0 0 0 rg BT 128.91 202.00 Td (Liability ) Tj ET Q q 0 0 0 rg BT 164.17 202.00 Td (and ) Tj ET Q q 0 0 0 rg BT 180.93 202.00 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 244.68 202.00 Td (of ) Tj ET Q q 0 0 0 rg BT 254.43 202.00 Td (Dir) Tj ET Q q 0 0 0 rg BT 267.26 202.00 Td (ectors ) Tj ET Q q 0 0 0 rg BT 292.50 202.00 Td (and ) Tj ET Q q 0 0 0 rg BT 309.26 202.00 Td (Officers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 71.65 188.20 Td (law ) Tj ET Q q 0 0 0 rg BT 87.30 188.20 Td (permits ) Tj ET Q q 0 0 0 rg BT 116.96 188.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.61 188.20 Td (bye-laws ) Tj ET Q q 0 0 0 rg BT 165.76 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 175.91 188.20 Td (a ) Tj ET Q q 0 0 0 rg BT 182.57 188.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 218.21 188.20 Td (company ) Tj ET Q q 0 0 0 rg BT 253.86 188.20 Td (to ) Tj ET Q q 0 0 0 rg BT 263.52 188.20 Td (contain ) Tj ET Q q 0 0 0 rg BT 292.67 188.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 332.83 188.20 Td (excluding ) Tj ET Q q 0 0 0 rg BT 370.98 188.20 Td (personal ) Tj ET Q q 0 0 0 rg BT 404.13 188.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 434.79 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 444.94 188.20 Td (a ) Tj ET Q q 0 0 0 rg BT 451.60 188.20 Td (director) Tj ET Q q 0 0 0 rg BT 479.22 188.20 Td (, ) Tj ET Q q 0 0 0 rg BT 484.13 188.20 Td (alternate ) Tj ET Q q 0 0 0 rg BT 517.76 188.20 Td (director) Tj ET Q q 0 0 0 rg BT 545.39 188.20 Td (, ) Tj ET Q q 0 0 0 rg BT 550.30 188.20 Td (of) Tj ET Q q 0 0 0 rg BT 557.63 188.20 Td (ficer) Tj ET Q q 0 0 0 rg BT 573.75 188.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 177.40 Td (member ) Tj ET Q q 0 0 0 rg BT 67.97 177.40 Td (of ) Tj ET Q q 0 0 0 rg BT 77.95 177.40 Td (a ) Tj ET Q q 0 0 0 rg BT 84.43 177.40 Td (committee ) Tj ET Q q 0 0 0 rg BT 124.90 177.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 165.37 177.40 Td (under ) Tj ET Q q 0 0 0 rg BT 188.34 177.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.82 177.40 Td (company) Tj ET Q q 0 0 0 rg BT 237.31 177.40 Td (s ) Tj ET Q q 0 0 0 rg BT 243.30 177.40 Td (bye-laws, ) Tj ET Q q 0 0 0 rg BT 280.52 177.40 Td (resident ) Tj ET Q q 0 0 0 rg BT 311.49 177.40 Td (representative ) Tj ET Q q 0 0 0 rg BT 364.45 177.40 Td (or ) Tj ET Q q 0 0 0 rg BT 374.43 177.40 Td (their ) Tj ET Q q 0 0 0 rg BT 393.41 177.40 Td (respective ) Tj ET Q q 0 0 0 rg BT 432.37 177.40 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 454.60 177.40 Td (executors ) Tj ET Q q 0 0 0 rg BT 491.57 177.40 Td (or ) Tj ET Q q 0 0 0 rg BT 501.55 177.40 Td (administrators ) Tj ET Q q 0 0 0 rg BT 555.52 177.40 Td (to ) Tj ET Q q 0 0 0 rg BT 565.01 177.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 166.60 Td (company ) Tj ET Q q 0 0 0 rg BT 71.23 166.60 Td (for ) Tj ET Q q 0 0 0 rg BT 83.96 166.60 Td (any ) Tj ET Q q 0 0 0 rg BT 99.20 166.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 115.44 166.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 142.18 166.60 Td (or ) Tj ET Q q 0 0 0 rg BT 151.91 166.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 182.15 166.60 Td (attaching ) Tj ET Q q 0 0 0 rg BT 217.37 166.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.61 166.60 Td (him ) Tj ET Q q 0 0 0 rg BT 242.85 166.60 Td (by ) Tj ET Q q 0 0 0 rg BT 254.09 166.60 Td (virtue ) Tj ET Q q 0 0 0 rg BT 277.32 166.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.06 166.60 Td (any ) Tj ET Q q 0 0 0 rg BT 302.29 166.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 318.53 166.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.26 166.60 Td (law ) Tj ET Q q 0 0 0 rg BT 343.50 166.60 Td (in ) Tj ET Q q 0 0 0 rg BT 352.74 166.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 380.46 166.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.20 166.60 Td (any ) Tj ET Q q 0 0 0 rg BT 405.43 166.60 Td (negligence, ) Tj ET Q q 0 0 0 rg BT 448.90 166.60 Td (default, 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Q q 0 0 0 rg BT 284.40 155.80 Td (grants ) Tj ET Q q 0 0 0 rg BT 308.66 155.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 349.42 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 362.68 155.80 Td (power) Tj ET Q q 0 0 0 rg BT 384.81 155.80 Td (, ) Tj ET Q q 0 0 0 rg BT 389.33 155.80 Td (generally) Tj ET Q q 0 0 0 rg BT 422.22 155.80 Td (, ) Tj ET Q q 0 0 0 rg BT 426.74 155.80 Td (to ) Tj ET Q q 0 0 0 rg BT 436.01 155.80 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 475.27 155.80 Td (directors, ) Tj ET Q q 0 0 0 rg BT 511.27 155.80 Td (alternate ) Tj ET Q q 0 0 0 rg BT 544.51 155.80 Td (directors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 50.77 145.00 Td (of) Tj ET Q q 0 0 0 rg BT 58.11 145.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 79.88 145.00 Td (of ) Tj ET Q q 0 0 0 rg BT 89.15 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 101.93 145.00 Td (company ) Tj ET Q q 0 0 0 rg BT 136.70 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 151.47 145.00 Td (any ) Tj ET Q q 0 0 0 rg BT 166.25 145.00 Td (member ) Tj ET Q q 0 0 0 rg BT 197.51 145.00 Td (of ) Tj ET Q q 0 0 0 rg BT 206.79 145.00 Td (a ) Tj ET Q q 0 0 0 rg BT 212.56 145.00 Td (committee ) Tj ET Q q 0 0 0 rg BT 252.33 145.00 Td (authorized ) Tj ET Q q 0 0 0 rg BT 292.09 145.00 Td (under ) Tj ET Q q 0 0 0 rg BT 314.36 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 327.14 145.00 Td (company) Tj ET Q q 0 0 0 rg BT 362.63 145.00 Td (s ) Tj ET Q q 0 0 0 rg BT 367.91 145.00 Td (bye-laws, ) Tj ET Q q 0 0 0 rg BT 404.43 145.00 Td (resident ) Tj ET Q q 0 0 0 rg BT 434.70 145.00 Td (representatives ) Tj ET Q q 0 0 0 rg BT 490.45 145.00 Td (or ) Tj ET Q q 0 0 0 rg BT 499.73 145.00 Td (their ) Tj ET Q q 0 0 0 rg BT 518.00 145.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 556.26 145.00 Td (heirs, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 134.20 Td (executors ) Tj ET Q q 0 0 0 rg BT 72.79 134.20 Td (or ) Tj ET Q q 0 0 0 rg BT 82.60 134.20 Td (administrators ) Tj ET Q q 0 0 0 rg BT 136.40 134.20 Td (if ) Tj ET Q q 0 0 0 rg BT 144.21 134.20 Td (any ) Tj ET Q q 0 0 0 rg BT 159.51 134.20 Td (such ) Tj ET Q q 0 0 0 rg BT 178.32 134.20 Td (person ) Tj ET Q q 0 0 0 rg BT 204.62 134.20 Td (was ) Tj ET Q q 0 0 0 rg BT 220.93 134.20 Td (or ) Tj ET Q q 0 0 0 rg BT 230.73 134.20 Td (is ) Tj ET Q q 0 0 0 rg BT 239.05 134.20 Td (a ) Tj ET Q q 0 0 0 rg BT 245.35 134.20 Td (party) Tj ET Q q 0 0 0 rg BT 263.26 134.20 Td (, ) Tj ET Q q 0 0 0 rg BT 267.82 134.20 Td (or ) Tj ET Q q 0 0 0 rg BT 277.63 134.20 Td (threatened ) Tj ET Q q 0 0 0 rg BT 317.41 134.20 Td (to ) Tj ET Q q 0 0 0 rg BT 326.72 134.20 Td (be ) Tj ET Q q 0 0 0 rg BT 337.53 134.20 Td (made ) Tj ET Q q 0 0 0 rg BT 359.33 134.20 Td (a ) Tj ET Q q 0 0 0 rg BT 365.63 134.20 Td (party) Tj ET Q q 0 0 0 rg BT 383.54 134.20 Td (, ) Tj ET Q q 0 0 0 rg BT 388.10 134.20 Td (to ) Tj ET Q q 0 0 0 rg BT 397.41 134.20 Td (a ) Tj ET Q q 0 0 0 rg BT 403.71 134.20 Td (threatened, ) Tj ET Q q 0 0 0 rg BT 445.75 134.20 Td (pending ) Tj ET Q q 0 0 0 rg BT 477.05 134.20 Td (or ) Tj ET Q q 0 0 0 rg BT 486.86 134.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 526.65 134.20 Td (action, ) Tj ET Q q 0 0 0 rg BT 553.20 134.20 Td (suit ) Tj ET Q q 0 0 0 rg BT 568.52 134.20 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 123.40 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 78.44 123.40 Td (by ) Tj ET Q q 0 0 0 rg BT 89.91 123.40 Td (reason ) Tj ET Q q 0 0 0 rg BT 115.86 123.40 Td (of ) Tj ET Q q 0 0 0 rg BT 125.82 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.28 123.40 Td (fact ) Tj ET Q q 0 0 0 rg BT 155.23 123.40 Td (that ) Tj ET Q q 0 0 0 rg BT 171.19 123.40 Td (he ) Tj ET Q q 0 0 0 rg BT 182.15 123.40 Td (or ) Tj ET Q q 0 0 0 rg BT 192.11 123.40 Td (she ) Tj ET Q q 0 0 0 rg BT 206.57 123.40 Td (is ) Tj ET Q q 0 0 0 rg BT 215.03 123.40 Td (or ) Tj ET Q q 0 0 0 rg BT 224.99 123.40 Td (was ) Tj ET Q q 0 0 0 rg BT 241.45 123.40 Td (a ) Tj ET Q q 0 0 0 rg BT 247.91 123.40 Td (director) Tj ET Q q 0 0 0 rg BT 275.54 123.40 Td (, ) Tj ET Q q 0 0 0 rg BT 280.25 123.40 Td (alternate ) Tj ET Q q 0 0 0 rg BT 313.69 123.40 Td (director ) Tj ET Q q 0 0 0 rg BT 344.14 123.40 Td (or ) Tj ET Q q 0 0 0 rg BT 354.10 123.40 Td (of) Tj ET Q q 0 0 0 rg BT 361.43 123.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 380.38 123.40 Td (of ) Tj ET Q q 0 0 0 rg BT 390.34 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 403.80 123.40 Td (company ) Tj ET Q q 0 0 0 rg BT 439.25 123.40 Td (or ) Tj ET Q q 0 0 0 rg BT 449.21 123.40 Td (member ) Tj ET Q q 0 0 0 rg BT 481.16 123.40 Td (of ) Tj ET Q q 0 0 0 rg BT 491.12 123.40 Td (a ) Tj ET Q q 0 0 0 rg BT 497.58 123.40 Td (committee ) Tj ET Q q 0 0 0 rg BT 538.03 123.40 Td (authorized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 112.60 Td (under ) Tj ET Q q 0 0 0 rg BT 59.38 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.25 112.60 Td (company) Tj ET Q q 0 0 0 rg BT 108.74 112.60 Td (s ) Tj ET Q q 0 0 0 rg BT 115.13 112.60 Td (bye-laws, ) Tj ET Q q 0 0 0 rg BT 152.75 112.60 Td (resident ) Tj ET Q q 0 0 0 rg BT 184.13 112.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 151.22 101.80 Td (request.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 74.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.13 74.20 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 88.26 74.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 117.89 74.20 Td (that ) Tj ET Q q 0 0 0 rg BT 133.52 74.20 Td (our ) Tj ET Q q 0 0 0 rg BT 147.65 74.20 Td (current ) Tj ET Q q 0 0 0 rg BT 175.27 74.20 Td (directors, ) Tj ET Q q 0 0 0 rg BT 211.14 74.20 Td (of) Tj ET Q q 0 0 0 rg BT 218.48 74.20 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 242.85 74.20 Td (resident ) Tj ET Q q 0 0 0 rg BT 273.48 74.20 Td (representative ) Tj ET Q q 0 0 0 rg BT 326.08 74.20 Td (and ) Tj ET Q q 0 0 0 rg BT 341.21 74.20 Td (members ) Tj ET Q q 0 0 0 rg BT 376.34 74.20 Td (of ) Tj ET Q q 0 0 0 rg BT 385.97 74.20 Td (our ) Tj ET Q q 0 0 0 rg BT 400.10 74.20 Td (board ) Tj ET Q q 0 0 0 rg BT 422.73 74.20 Td (committees ) Tj ET Q q 0 0 0 rg BT 466.36 74.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 485.49 74.20 Td (be ) Tj ET Q q 0 0 0 rg BT 496.12 74.20 Td (indemnified ) Tj ET Q q 0 0 0 rg BT 541.74 74.20 Td (out ) Tj ET Q q 0 0 0 rg BT 555.38 74.20 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 74.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 63.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 58.09 63.40 Td (of ) Tj ET Q q 0 0 0 rg BT 67.67 63.40 Td (the ) Tj ET Q q 0 0 0 rg BT 80.76 63.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.84 63.40 Td (from ) Tj ET Q q 0 0 0 rg BT 137.43 63.40 Td (and ) Tj ET Q q 0 0 0 rg BT 152.51 63.40 Td (against ) Tj ET Q q 0 0 0 rg BT 180.09 63.40 Td (all ) Tj ET Q q 0 0 0 rg BT 191.17 63.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 209.26 63.40 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 247.09 63.40 Td (loss, ) Tj ET Q q 0 0 0 rg BT 265.44 63.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 295.51 63.40 Td (or ) Tj ET Q q 0 0 0 rg BT 305.09 63.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 336.17 63.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 368.24 63.40 Td (or ) Tj ET Q q 0 0 0 rg BT 377.83 63.40 Td (suf) Tj ET Q q 0 0 0 rg BT 388.66 63.40 Td (fered ) Tj ET Q q 0 0 0 rg BT 409.24 63.40 Td (by ) Tj ET Q q 0 0 0 rg BT 420.32 63.40 Td (him ) Tj ET Q q 0 0 0 rg BT 436.41 63.40 Td (or ) Tj ET Q q 0 0 0 rg BT 446.00 63.40 Td (her ) Tj ET Q q 0 0 0 rg BT 459.58 63.40 Td (as ) Tj ET Q q 0 0 0 rg BT 469.16 63.40 Td (such ) Tj ET Q q 0 0 0 rg BT 487.75 63.40 Td (director) Tj ET Q q 0 0 0 rg BT 515.37 63.40 Td (, ) Tj ET Q q 0 0 0 rg BT 519.71 63.40 Td (of) Tj ET Q q 0 0 0 rg BT 527.05 63.40 Td (ficer) Tj ET Q q 0 0 0 rg BT 543.17 63.40 Td (, ) Tj ET Q q 0 0 0 rg BT 547.51 63.40 Td (resident ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 52.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 88.36 52.60 Td (or ) Tj ET Q q 0 0 0 rg BT 97.74 52.60 Td (committee ) Tj ET Q q 0 0 0 rg BT 137.61 52.60 Td (member) Tj ET Q q 0 0 0 rg BT 166.74 52.60 Td (, ) Tj ET Q q 0 0 0 rg BT 170.87 52.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.75 52.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.63 52.60 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 237.01 52.60 Td (extends ) Tj ET Q q 0 0 0 rg BT 266.39 52.60 Td (to 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94.01 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 98.81 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 108.37 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 121.91 749.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 162.94 749.80 Td (belief ) Tj ET Q q 0 0 0 rg BT 185.98 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 202.03 749.80 Td (he ) Tj ET Q q 0 0 0 rg BT 213.08 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 223.13 749.80 Td (she ) Tj ET Q q 0 0 0 rg BT 237.68 749.80 Td (has ) Tj ET Q q 0 0 0 rg BT 252.23 749.80 Td (been ) Tj ET Q q 0 0 0 rg BT 271.77 749.80 Td (so ) Tj ET Q q 0 0 0 rg BT 282.32 749.80 Td (appointed ) Tj ET Q q 0 0 0 rg BT 320.36 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 330.41 749.80 Td (elected ) Tj ET Q q 0 0 0 rg BT 358.45 749.80 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 419.00 749.80 Td (any ) Tj ET Q q 0 0 0 rg BT 434.54 749.80 Td (defect ) Tj ET Q q 0 0 0 rg BT 459.08 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 468.63 749.80 Td (such ) Tj ET Q q 0 0 0 rg BT 487.68 749.80 Td (appointment ) Tj ET Q q 0 0 0 rg BT 535.22 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 545.27 749.80 Td (election. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (Such ) Tj ET Q q 0 0 0 rg BT 56.25 739.00 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 95.00 739.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 114.24 739.00 Td (not ) Tj ET Q q 0 0 0 rg BT 128.00 739.00 Td (extend ) Tj ET Q q 0 0 0 rg BT 154.23 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 163.49 739.00 Td (any ) Tj ET Q q 0 0 0 rg BT 178.73 739.00 Td (matter ) Tj ET Q q 0 0 0 rg BT 203.97 739.00 Td (which ) Tj ET Q q 0 0 0 rg BT 228.21 739.00 Td (would ) Tj ET Q q 0 0 0 rg BT 252.96 739.00 Td (render ) Tj ET Q q 0 0 0 rg BT 278.20 739.00 Td (it ) Tj ET Q q 0 0 0 rg BT 285.45 739.00 Td (void ) Tj ET Q q 0 0 0 rg BT 303.70 739.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 336.94 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 346.19 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 359.44 739.00 Td (Companies ) Tj ET Q q 0 0 0 rg BT 401.69 739.00 Td (Act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 710.20 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 710.20 Td (Material contracts.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 696.40 Td (Attached ) Tj ET Q q 0 0 0 rg BT 70.65 696.40 Td (as ) Tj ET Q q 0 0 0 rg BT 80.32 696.40 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 110.98 696.40 Td (to ) Tj ET Q q 0 0 0 rg BT 120.15 696.40 Td (this ) Tj ET Q q 0 0 0 rg BT 135.32 696.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 161.48 696.40 Td (report ) Tj ET Q q 0 0 0 rg BT 185.14 696.40 Td (are ) Tj ET Q q 0 0 0 rg BT 198.29 696.40 Td (the ) Tj ET Q q 0 0 0 rg BT 211.45 696.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 246.10 696.40 Td (we ) Tj ET Q q 0 0 0 rg BT 258.77 696.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 291.42 696.40 Td (to ) Tj ET Q q 0 0 0 rg BT 300.59 696.40 Td (be ) Tj ET Q q 0 0 0 rg BT 311.25 696.40 Td (both ) Tj ET Q q 0 0 0 rg BT 329.42 696.40 Td (material ) Tj ET Q q 0 0 0 rg BT 361.07 696.40 Td (and ) Tj ET Q q 0 0 0 rg BT 376.23 696.40 Td (outside ) Tj ET Q q 0 0 0 rg BT 404.40 696.40 Td (the ) Tj ET Q q 0 0 0 rg BT 417.56 696.40 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 450.22 696.40 Td (course ) Tj ET Q q 0 0 0 rg BT 475.87 696.40 Td (of ) Tj ET Q q 0 0 0 rg BT 485.54 696.40 Td (business ) Tj ET Q q 0 0 0 rg BT 518.21 696.40 Td (for ) Tj ET Q q 0 0 0 rg BT 530.87 696.40 Td (the ) Tj ET Q q 0 0 0 rg BT 544.03 696.40 Td (two-year ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.60 Td (period ) Tj ET Q q 0 0 0 rg BT 61.82 685.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 109.64 685.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 147.95 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.77 685.60 Td (date ) Tj ET Q q 0 0 0 rg BT 179.59 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.92 685.60 Td (this ) Tj ET Q q 0 0 0 rg BT 205.75 685.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 232.57 685.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 259.14 685.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.97 685.60 Td (Please ) Tj ET Q q 0 0 0 rg BT 287.79 685.60 Td (see ) Tj ET Q q 0 0 0 rg BT 302.11 685.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 325.42 685.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 335.00 685.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 373.82 685.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.64 685.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 425.96 685.60 Td (Review ) Tj ET Q q 0 0 0 rg BT 456.28 685.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.11 685.60 Td (ProspectsB. ) Tj ET Q q 0 0 0 rg BT 526.69 685.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 563.02 685.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.80 Td (Capital ) Tj ET Q q 0 0 0 rg BT 63.27 674.80 Td (Resources ) Tj ET Q q 0 0 0 rg BT 105.53 674.80 Td (and ) Tj ET Q q 0 0 0 rg BT 119.80 674.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 141.56 674.80 Td (7. ) Tj ET Q q 0 0 0 rg BT 149.59 674.80 Td (Major ) Tj ET Q q 0 0 0 rg BT 172.86 674.80 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 221.12 674.80 Td (and ) Tj ET Q q 0 0 0 rg BT 235.39 674.80 Td (Related ) Tj ET Q q 0 0 0 rg BT 264.15 674.80 Td (Party ) Tj ET Q q 0 0 0 rg BT 284.33 674.80 Td (T) Tj ET Q q 0 0 0 rg BT 289.51 674.80 Td (ransactionsB. ) Tj ET Q q 0 0 0 rg BT 348.53 674.80 Td (Related ) Tj ET Q q 0 0 0 rg BT 377.29 674.80 Td (Party ) Tj ET Q q 0 0 0 rg BT 397.47 674.80 Td (T) Tj ET Q q 0 0 0 rg BT 402.65 674.80 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 448.41 674.80 Td (for ) Tj ET Q q 0 0 0 rg BT 460.18 674.80 Td (a ) Tj ET Q q 0 0 0 rg BT 465.45 674.80 Td (discussion ) Tj ET Q q 0 0 0 rg BT 504.23 674.80 Td (of ) Tj ET Q q 0 0 0 rg BT 513.00 674.80 Td (these ) Tj ET Q q 0 0 0 rg BT 532.77 674.80 Td (agreements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 647.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 58.75 647.20 Td (than ) Tj ET Q q 0 0 0 rg BT 76.50 647.20 Td (as ) Tj ET Q q 0 0 0 rg BT 86.26 647.20 Td (set ) Tj ET Q q 0 0 0 rg BT 98.51 647.20 Td (forth ) Tj ET Q q 0 0 0 rg BT 118.27 647.20 Td (above, ) Tj ET Q q 0 0 0 rg BT 144.26 647.20 Td (there ) Tj ET Q q 0 0 0 rg BT 164.51 647.20 Td (were ) Tj ET Q q 0 0 0 rg BT 184.25 647.20 Td (no ) Tj ET Q q 0 0 0 rg BT 195.51 647.20 Td (material ) Tj ET Q q 0 0 0 rg BT 227.25 647.20 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 264.24 647.20 Td (other ) Tj ET Q q 0 0 0 rg BT 284.99 647.20 Td (than ) Tj ET Q q 0 0 0 rg BT 302.74 647.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 337.49 647.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 366.23 647.20 Td (into ) Tj ET Q q 0 0 0 rg BT 382.48 647.20 Td (in ) Tj ET Q q 0 0 0 rg BT 391.74 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 405.00 647.20 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 437.74 647.20 Td (course ) Tj ET Q q 0 0 0 rg BT 463.49 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 473.24 647.20 Td (business ) Tj ET Q q 0 0 0 rg BT 506.00 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 515.26 647.20 Td (which ) Tj ET Q q 0 0 0 rg BT 539.52 647.20 Td (we ) Tj ET Q q 0 0 0 rg BT 552.27 647.20 Td (were ) Tj ET Q q 0 0 0 rg BT 572.01 647.20 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 636.40 Td (party ) Tj ET Q q 0 0 0 rg BT 56.74 636.40 Td (during ) Tj ET Q q 0 0 0 rg BT 82.49 636.40 Td (the ) Tj ET Q q 0 0 0 rg BT 95.73 636.40 Td (two-year ) Tj ET Q q 0 0 0 rg BT 129.97 636.40 Td (period ) Tj ET Q q 0 0 0 rg BT 155.21 636.40 Td (immediately ) Tj ET Q q 0 0 0 rg BT 202.45 636.40 Td (preceding ) Tj ET Q q 0 0 0 rg BT 240.18 636.40 Td (the ) Tj ET Q q 0 0 0 rg BT 253.42 636.40 Td (date ) Tj ET Q q 0 0 0 rg BT 270.66 636.40 Td (of ) Tj ET Q q 0 0 0 rg BT 280.41 636.40 Td (this ) Tj ET Q q 0 0 0 rg BT 295.17 636.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 323.91 636.40 Td (Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 607.60 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 607.60 Td (Exchange contr) Tj ET Q q 0 0 0 rg BT 138.76 607.60 Td (ols.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 593.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.95 593.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 86.91 593.80 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 123.43 593.80 Td (Authority) Tj ET Q q 0 0 0 rg BT 157.84 593.80 Td (, ) Tj ET Q q 0 0 0 rg BT 162.05 593.80 Td (or ) Tj ET Q q 0 0 0 rg BT 171.51 593.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.47 593.80 Td (BMA, ) Tj ET Q q 0 0 0 rg BT 209.19 593.80 Td (must ) Tj ET Q q 0 0 0 rg BT 228.65 593.80 Td (give ) Tj ET Q q 0 0 0 rg BT 246.11 593.80 Td (permission ) Tj ET Q q 0 0 0 rg BT 287.57 593.80 Td (for ) Tj ET Q q 0 0 0 rg BT 300.03 593.80 Td (all ) Tj ET Q q 0 0 0 rg BT 310.98 593.80 Td (issuances ) Tj ET Q q 0 0 0 rg BT 346.94 593.80 Td (and ) Tj ET Q q 0 0 0 rg BT 361.90 593.80 Td (transfers ) Tj ET Q q 0 0 0 rg BT 394.84 593.80 Td (of ) Tj ET Q q 0 0 0 rg BT 404.30 593.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 440.25 593.80 Td (of ) Tj ET Q q 0 0 0 rg BT 449.71 593.80 Td (a ) Tj ET Q q 0 0 0 rg BT 455.67 593.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 490.62 593.80 Td (exempted ) Tj ET Q q 0 0 0 rg BT 527.57 593.80 Td (company ) Tj ET Q q 0 0 0 rg BT 562.52 593.80 Td (like ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.00 Td (ours, ) Tj ET Q q 0 0 0 rg BT 56.20 583.00 Td (unless ) Tj ET Q q 0 0 0 rg BT 81.16 583.00 Td (the ) Tj ET Q q 0 0 0 rg BT 94.60 583.00 Td (proposed ) Tj ET Q q 0 0 0 rg BT 130.05 583.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 171.99 583.00 Td (is ) Tj ET Q q 0 0 0 rg BT 180.45 583.00 Td (exempted ) Tj ET Q q 0 0 0 rg BT 217.88 583.00 Td (by ) Tj ET Q q 0 0 0 rg BT 229.34 583.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.78 583.00 Td (BMA) Tj ET Q q 0 0 0 rg BT 262.29 583.00 Td () Tj ET Q q 0 0 0 rg BT 264.79 583.00 Td (s ) Tj ET Q q 0 0 0 rg BT 270.75 583.00 Td (written ) Tj ET Q q 0 0 0 rg BT 298.69 583.00 Td (general ) Tj ET Q q 0 0 0 rg BT 327.63 583.00 Td (permissions. ) Tj ET Q q 0 0 0 rg BT 375.15 583.00 Td (W) Tj ET Q q 0 0 0 rg BT 382.93 583.00 Td (e ) Tj ET Q q 0 0 0 rg BT 389.38 583.00 Td (have ) Tj ET Q q 0 0 0 rg BT 408.82 583.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 442.26 583.00 Td (general ) Tj ET Q q 0 0 0 rg BT 471.20 583.00 Td (permission ) Tj ET Q q 0 0 0 rg BT 513.15 583.00 Td (from ) Tj ET Q q 0 0 0 rg BT 533.10 583.00 Td (the ) Tj ET Q q 0 0 0 rg BT 546.54 583.00 Td (BMA) Tj ET Q q 0 0 0 rg BT 566.55 583.00 Td ( ) Tj ET Q q 0 0 0 rg BT 569.01 583.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.20 Td (issue ) Tj ET Q q 0 0 0 rg BT 55.91 572.20 Td (any ) Tj ET Q q 0 0 0 rg BT 70.81 572.20 Td (unissued ) Tj ET Q q 0 0 0 rg BT 104.21 572.20 Td (common ) Tj ET Q q 0 0 0 rg BT 137.62 572.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.01 572.20 Td (and ) Tj ET Q q 0 0 0 rg BT 176.91 572.20 Td (for ) Tj ET Q q 0 0 0 rg BT 189.31 572.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.22 572.20 Td (free ) Tj ET Q q 0 0 0 rg BT 218.10 572.20 Td (transferability ) Tj ET Q q 0 0 0 rg BT 270.49 572.20 Td (of ) Tj ET Q q 0 0 0 rg BT 279.89 572.20 Td (our ) Tj ET Q q 0 0 0 rg BT 293.80 572.20 Td (common ) Tj ET Q q 0 0 0 rg BT 327.20 572.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 351.60 572.20 Td (as ) Tj ET Q q 0 0 0 rg BT 361.00 572.20 Td (long ) Tj ET Q q 0 0 0 rg BT 378.91 572.20 Td (as ) Tj ET Q q 0 0 0 rg BT 388.31 572.20 Td (our ) Tj ET Q q 0 0 0 rg BT 402.21 572.20 Td (common ) Tj ET Q q 0 0 0 rg BT 435.62 572.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 460.01 572.20 Td (are ) Tj ET Q q 0 0 0 rg BT 472.91 572.20 Td (listed ) Tj ET Q q 0 0 0 rg BT 494.31 572.20 Td (on ) Tj ET Q q 0 0 0 rg BT 505.22 572.20 Td (an ) Tj ET Q q 0 0 0 rg BT 515.62 572.20 Td (appointed ) Tj ET Q q 0 0 0 rg BT 557.01 572.20 Td (stock ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 561.40 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 78.74 561.40 Td (The ) Tj ET Q q 0 0 0 rg BT 95.44 561.40 Td (New ) Tj ET Q q 0 0 0 rg BT 114.75 561.40 Td (Y) Tj ET Q q 0 0 0 rg BT 120.35 561.40 Td (ork ) Tj ET Q q 0 0 0 rg BT 135.06 561.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 158.27 561.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 196.46 561.40 Td (is ) Tj ET Q q 0 0 0 rg BT 205.18 561.40 Td (an ) Tj ET Q q 0 0 0 rg BT 216.39 561.40 Td (appointed ) Tj ET Q q 0 0 0 rg BT 258.58 561.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.29 561.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 316.98 561.40 Td (and ) Tj ET Q q 0 0 0 rg BT 332.69 561.40 Td (our ) Tj ET Q q 0 0 0 rg BT 347.40 561.40 Td (common ) Tj ET Q q 0 0 0 rg BT 381.61 561.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 406.81 561.40 Td (are ) Tj ET Q q 0 0 0 rg BT 420.51 561.40 Td (freely ) Tj ET Q q 0 0 0 rg BT 444.21 561.40 Td (transferable ) Tj ET Q q 0 0 0 rg BT 489.39 561.40 Td (among ) Tj ET Q q 0 0 0 rg BT 516.60 561.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 546.81 561.40 Td (who ) Tj ET Q q 0 0 0 rg BT 565.02 561.40 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 550.60 Td (residents ) Tj ET Q q 0 0 0 rg BT 70.24 550.60 Td (and ) Tj ET Q q 0 0 0 rg BT 85.49 550.60 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 136.23 550.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.97 550.60 Td (Bermuda.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.80 Td (Although ) Tj ET Q q 0 0 0 rg BT 72.89 536.80 Td (we ) Tj ET Q q 0 0 0 rg BT 86.28 536.80 Td (are ) Tj ET Q q 0 0 0 rg BT 100.16 536.80 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 148.54 536.80 Td (in ) Tj ET Q q 0 0 0 rg BT 158.43 536.80 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 196.56 536.80 Td (we ) Tj ET Q q 0 0 0 rg BT 209.95 536.80 Td (are ) Tj ET Q q 0 0 0 rg BT 223.83 536.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 260.71 536.80 Td (as ) Tj ET Q q 0 0 0 rg BT 271.11 536.80 Td (a ) Tj ET Q q 0 0 0 rg BT 277.99 536.80 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 325.88 536.80 Td (of ) Tj ET Q q 0 0 0 rg BT 336.27 536.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 372.15 536.80 Td (for ) Tj ET Q q 0 0 0 rg BT 385.54 536.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 422.41 536.80 Td (control ) Tj ET Q q 0 0 0 rg BT 450.80 536.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 485.69 536.80 Td (by ) Tj ET Q q 0 0 0 rg BT 497.58 536.80 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 536.80 Td (BMA. ) Tj ET Q q 0 0 0 rg BT 537.12 536.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 560.51 536.80 Td (than ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.00 Td (transferring ) Tj ET Q q 0 0 0 rg BT 80.36 526.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 115.72 526.00 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 144.59 526.00 Td (out ) Tj ET Q q 0 0 0 rg BT 158.47 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 168.34 526.00 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 205.96 526.00 Td (there ) Tj ET Q q 0 0 0 rg BT 226.32 526.00 Td (are ) Tj ET Q q 0 0 0 rg BT 239.68 526.00 Td (no ) Tj ET Q q 0 0 0 rg BT 251.06 526.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 293.42 526.00 Td (on ) Tj ET Q q 0 0 0 rg BT 304.80 526.00 Td (our ) Tj ET Q q 0 0 0 rg BT 319.17 526.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 344.54 526.00 Td (to ) Tj ET Q q 0 0 0 rg BT 353.92 526.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 383.78 526.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 406.15 526.00 Td (into ) Tj ET Q q 0 0 0 rg BT 422.53 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 437.90 526.00 Td (out ) Tj ET Q q 0 0 0 rg BT 451.77 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 461.65 526.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 497.01 526.00 Td (or ) Tj ET Q q 0 0 0 rg BT 506.88 526.00 Td (to ) Tj ET Q q 0 0 0 rg BT 516.26 526.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 531.63 526.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 569.00 526.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 515.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 69.73 515.20 Td (other ) Tj ET Q q 0 0 0 rg BT 90.47 515.20 Td (than ) Tj ET Q q 0 0 0 rg BT 108.22 515.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 143.46 515.20 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 172.20 515.20 Td (to ) Tj ET Q q 0 0 0 rg BT 181.45 515.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 199.71 515.20 Td (residents ) Tj ET Q q 0 0 0 rg BT 233.95 515.20 Td (\(or ) Tj ET Q q 0 0 0 rg BT 246.69 515.20 Td (other ) Tj ET Q q 0 0 0 rg BT 267.43 515.20 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 318.17 515.20 Td (of ) Tj ET Q q 0 0 0 rg BT 327.92 515.20 Td (Bermuda\) ) Tj ET Q q 0 0 0 rg BT 366.16 515.20 Td (who ) Tj ET Q q 0 0 0 rg BT 383.91 515.20 Td (are ) Tj ET Q q 0 0 0 rg BT 397.14 515.20 Td (holders ) Tj ET Q q 0 0 0 rg BT 425.89 515.20 Td (of ) Tj ET Q q 0 0 0 rg BT 435.63 515.20 Td (our ) Tj ET Q q 0 0 0 rg BT 449.88 515.20 Td (common ) Tj ET Q q 0 0 0 rg BT 483.63 515.20 Td (shares.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 501.40 Td (In ) Tj ET Q q 0 0 0 rg BT 46.29 501.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 89.55 501.40 Td (with ) Tj ET Q q 0 0 0 rg BT 108.34 501.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 144.12 501.40 Td (law) Tj ET Q q 0 0 0 rg BT 156.53 501.40 Td (, ) Tj ET Q q 0 0 0 rg BT 161.58 501.40 Td (share ) Tj ET Q q 0 0 0 rg BT 183.36 501.40 Td (certificates ) Tj ET Q q 0 0 0 rg BT 225.62 501.40 Td (may ) Tj ET Q q 0 0 0 rg BT 243.91 501.40 Td (be ) Tj ET Q q 0 0 0 rg BT 255.20 501.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 280.49 501.40 Td (only ) Tj ET Q q 0 0 0 rg BT 299.29 501.40 Td (in ) Tj ET Q q 0 0 0 rg BT 309.08 501.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.87 501.40 Td (names ) Tj ET Q q 0 0 0 rg BT 348.65 501.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.94 501.40 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 408.97 501.40 Td (individuals ) Tj ET Q q 0 0 0 rg BT 451.76 501.40 Td (or ) Tj ET Q q 0 0 0 rg BT 462.05 501.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 482.34 501.40 Td (persons. ) Tj ET Q q 0 0 0 rg BT 514.88 501.40 Td (In ) Tj ET Q q 0 0 0 rg BT 525.17 501.40 Td (the ) Tj ET Q q 0 0 0 rg BT 538.96 501.40 Td (case ) Tj ET Q q 0 0 0 rg BT 557.23 501.40 Td (of ) Tj ET Q q 0 0 0 rg BT 567.52 501.40 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 490.60 Td (applicant ) Tj ET Q q 0 0 0 rg BT 71.67 490.60 Td (acting ) Tj ET Q q 0 0 0 rg BT 96.34 490.60 Td (in ) Tj ET Q q 0 0 0 rg BT 106.02 490.60 Td (a ) Tj ET Q q 0 0 0 rg BT 112.69 490.60 Td (special ) Tj ET Q q 0 0 0 rg BT 140.36 490.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 173.02 490.60 Td (\(for ) Tj ET Q q 0 0 0 rg BT 189.19 490.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 224.61 490.60 Td (as ) Tj ET Q q 0 0 0 rg BT 234.79 490.60 Td (an ) Tj ET Q q 0 0 0 rg BT 245.96 490.60 Td (executor ) Tj ET Q q 0 0 0 rg BT 279.62 490.60 Td (or ) Tj ET Q q 0 0 0 rg BT 289.80 490.60 Td (trustee\), ) Tj ET Q q 0 0 0 rg BT 321.72 490.60 Td (certificates ) Tj ET Q q 0 0 0 rg BT 363.87 490.60 Td (may) Tj ET Q q 0 0 0 rg BT 378.78 490.60 Td (, ) Tj ET Q q 0 0 0 rg BT 383.71 490.60 Td (at ) Tj ET Q q 0 0 0 rg BT 392.89 490.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.56 490.60 Td (request ) Tj ET Q q 0 0 0 rg BT 435.23 490.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.41 490.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.09 490.60 Td (applicant, ) Tj ET Q q 0 0 0 rg BT 497.00 490.60 Td (record ) Tj ET Q q 0 0 0 rg BT 522.67 490.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.34 490.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 569.00 490.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 479.80 Td (which ) Tj ET Q q 0 0 0 rg BT 60.09 479.80 Td (the ) Tj ET Q q 0 0 0 rg BT 73.18 479.80 Td (applicant ) Tj ET Q q 0 0 0 rg BT 108.27 479.80 Td (is ) Tj ET Q q 0 0 0 rg BT 116.37 479.80 Td (acting. ) Tj ET Q q 0 0 0 rg BT 142.70 479.80 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 204.80 479.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.89 479.80 Td (recording ) Tj ET Q q 0 0 0 rg BT 254.47 479.80 Td (of ) Tj ET Q q 0 0 0 rg BT 264.07 479.80 Td (any ) Tj ET Q q 0 0 0 rg BT 279.16 479.80 Td (such ) Tj ET Q q 0 0 0 rg BT 297.75 479.80 Td (special ) Tj ET Q q 0 0 0 rg BT 324.84 479.80 Td (capacity) Tj ET Q q 0 0 0 rg BT 354.23 479.80 Td (, ) Tj ET Q q 0 0 0 rg BT 358.58 479.80 Td (we ) Tj ET Q q 0 0 0 rg BT 371.17 479.80 Td (are ) Tj ET Q q 0 0 0 rg BT 384.25 479.80 Td (not ) Tj ET Q q 0 0 0 rg BT 397.85 479.80 Td (bound ) Tj ET Q q 0 0 0 rg BT 422.45 479.80 Td (to ) Tj ET Q q 0 0 0 rg BT 431.55 479.80 Td (investigate ) Tj ET Q q 0 0 0 rg BT 472.63 479.80 Td (or ) Tj ET Q q 0 0 0 rg BT 482.23 479.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 502.82 479.80 Td (any ) Tj ET Q q 0 0 0 rg BT 517.91 479.80 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 569.00 479.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 63.73 469.00 Td (of ) Tj ET Q q 0 0 0 rg BT 73.48 469.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.73 469.00 Td (proper ) Tj ET Q q 0 0 0 rg BT 112.46 469.00 Td (administration ) Tj ET Q q 0 0 0 rg BT 166.71 469.00 Td (of ) Tj ET Q q 0 0 0 rg BT 176.45 469.00 Td (any ) Tj ET Q q 0 0 0 rg BT 191.70 469.00 Td (such ) Tj ET Q q 0 0 0 rg BT 210.45 469.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 233.18 469.00 Td (or ) Tj ET Q q 0 0 0 rg BT 242.93 469.00 Td (trust.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 455.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 455.20 Td (will ) Tj ET Q q 0 0 0 rg BT 66.27 455.20 Td (take ) Tj ET Q q 0 0 0 rg BT 83.51 455.20 Td (no ) Tj ET Q q 0 0 0 rg BT 94.76 455.20 Td (notice ) Tj ET Q q 0 0 0 rg BT 119.00 455.20 Td (of ) Tj ET Q q 0 0 0 rg BT 128.75 455.20 Td (any ) Tj ET Q q 0 0 0 rg BT 143.99 455.20 Td (trust ) Tj ET Q q 0 0 0 rg BT 162.24 455.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 201.47 455.20 Td (to ) Tj ET Q q 0 0 0 rg BT 210.72 455.20 Td (any ) Tj ET Q q 0 0 0 rg BT 225.97 455.20 Td (of ) Tj ET Q q 0 0 0 rg BT 235.71 455.20 Td (our ) Tj ET Q q 0 0 0 rg BT 249.96 455.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 274.70 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 284.45 455.20 Td (other ) Tj ET Q q 0 0 0 rg BT 305.19 455.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 341.43 455.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 372.67 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 382.41 455.20 Td (not ) Tj ET Q q 0 0 0 rg BT 396.16 455.20 Td (we ) Tj ET Q q 0 0 0 rg BT 408.91 455.20 Td (had ) Tj ET Q q 0 0 0 rg BT 424.15 455.20 Td (notice ) Tj ET Q q 0 0 0 rg BT 448.39 455.20 Td (of ) Tj ET Q q 0 0 0 rg BT 458.14 455.20 Td (such ) Tj ET Q q 0 0 0 rg BT 476.89 455.20 Td (trust.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 427.60 Td (E.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 44.25 427.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 427.60 Td (T) Tj ET Q q 0 0 0 rg BT 77.18 427.60 Td (axation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 413.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.20 413.80 Td (following ) Tj ET Q q 0 0 0 rg BT 89.40 413.80 Td (is ) Tj ET Q q 0 0 0 rg BT 97.61 413.80 Td (a ) Tj ET Q q 0 0 0 rg BT 103.81 413.80 Td (discussion ) Tj ET Q q 0 0 0 rg BT 143.52 413.80 Td (of ) Tj ET Q q 0 0 0 rg BT 153.22 413.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.43 413.80 Td (material ) Tj ET Q q 0 0 0 rg BT 198.11 413.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 233.31 413.80 Td (and ) Tj ET Q q 0 0 0 rg BT 248.51 413.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 266.72 413.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 293.91 413.80 Td (income ) Tj ET Q q 0 0 0 rg BT 322.60 413.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.80 413.80 Td (consequences ) Tj ET Q q 0 0 0 rg BT 387.49 413.80 Td (to ) Tj ET Q q 0 0 0 rg BT 396.69 413.80 Td (our ) Tj ET Q q 0 0 0 rg BT 410.90 413.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 448.10 413.80 Td (and ) Tj ET Q q 0 0 0 rg BT 463.30 413.80 Td (to ) Tj ET Q q 0 0 0 rg BT 472.51 413.80 Td (a ) Tj ET Q q 0 0 0 rg BT 478.71 413.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 500.92 413.80 Td (Holder ) Tj ET Q q 0 0 0 rg BT 532.11 413.80 Td (and ) Tj ET Q q 0 0 0 rg BT 547.31 413.80 Td (a ) Tj ET Q q 0 0 0 rg BT 553.51 413.80 Td (Non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 403.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 53.65 403.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 78.28 403.00 Td (, ) Tj ET Q q 0 0 0 rg BT 86.18 403.00 Td (as ) Tj ET Q q 0 0 0 rg BT 95.32 403.00 Td (each ) Tj ET Q q 0 0 0 rg BT 113.45 403.00 Td (term ) Tj ET Q q 0 0 0 rg BT 131.59 403.00 Td (is ) Tj ET Q q 0 0 0 rg BT 139.25 403.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 167.88 403.00 Td (below) Tj ET Q q 0 0 0 rg BT 189.29 403.00 Td (. ) Tj ET Q q 0 0 0 rg BT 193.07 403.00 Td (This ) Tj ET Q q 0 0 0 rg BT 210.72 403.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 249.87 403.00 Td (does ) Tj ET Q q 0 0 0 rg BT 268.01 403.00 Td (not ) Tj ET Q q 0 0 0 rg BT 281.16 403.00 Td (purport ) Tj ET Q q 0 0 0 rg BT 309.30 403.00 Td (to ) Tj ET Q q 0 0 0 rg BT 317.95 403.00 Td (deal ) Tj ET Q q 0 0 0 rg BT 334.59 403.00 Td (with ) Tj ET Q q 0 0 0 rg BT 352.24 403.00 Td (the ) Tj ET Q q 0 0 0 rg BT 364.88 403.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 377.52 403.00 Td (consequences ) Tj ET Q q 0 0 0 rg BT 428.65 403.00 Td (of ) Tj ET Q q 0 0 0 rg BT 437.80 403.00 Td (owning ) Tj ET Q q 0 0 0 rg BT 466.44 403.00 Td (common ) Tj ET Q q 0 0 0 rg BT 499.59 403.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 520.23 403.00 Td (to ) Tj ET Q q 0 0 0 rg BT 528.88 403.00 Td (all ) Tj ET Q q 0 0 0 rg BT 539.52 403.00 Td (categories ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 392.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.69 392.20 Td (investors, ) Tj ET Q q 0 0 0 rg BT 82.63 392.20 Td (some ) Tj ET Q q 0 0 0 rg BT 103.82 392.20 Td (of ) Tj ET Q q 0 0 0 rg BT 113.51 392.20 Td (which, ) Tj ET Q q 0 0 0 rg BT 139.95 392.20 Td (such ) Tj ET Q q 0 0 0 rg BT 158.64 392.20 Td (as ) Tj ET Q q 0 0 0 rg BT 168.33 392.20 Td (dealers ) Tj ET Q q 0 0 0 rg BT 196.00 392.20 Td (in ) Tj ET Q q 0 0 0 rg BT 205.20 392.20 Td (securities, ) Tj ET Q q 0 0 0 rg BT 243.63 392.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 278.32 392.20 Td (whose ) Tj ET Q q 0 0 0 rg BT 303.51 392.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 342.19 392.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 375.86 392.20 Td (is ) Tj ET Q q 0 0 0 rg BT 384.06 392.20 Td (not ) Tj ET Q q 0 0 0 rg BT 397.75 392.20 Td (the ) Tj ET Q q 0 0 0 rg BT 410.94 392.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 429.13 392.20 Td (dollar ) Tj ET Q q 0 0 0 rg BT 452.32 392.20 Td (and ) Tj ET Q q 0 0 0 rg BT 467.51 392.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 502.20 392.20 Td (that ) Tj ET Q q 0 0 0 rg BT 517.89 392.20 Td (own, ) Tj ET Q q 0 0 0 rg BT 537.83 392.20 Td (actually ) Tj ET Q q 0 0 0 rg BT 568.51 392.20 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 381.40 Td (under ) Tj ET Q q 0 0 0 rg BT 59.29 381.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 99.07 381.40 Td (constructive ) Tj ET Q q 0 0 0 rg BT 145.85 381.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 186.15 381.40 Td (rules, ) Tj ET Q q 0 0 0 rg BT 208.69 381.40 Td (10% ) Tj ET Q q 0 0 0 rg BT 227.99 381.40 Td (or ) Tj ET Q q 0 0 0 rg BT 238.28 381.40 Td (more ) Tj ET Q q 0 0 0 rg BT 259.58 381.40 Td (of ) Tj ET Q q 0 0 0 rg BT 269.87 381.40 Td (our ) Tj ET Q q 0 0 0 rg BT 284.67 381.40 Td (common ) Tj ET Q q 0 0 0 rg BT 318.96 381.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 343.01 381.40 Td (may ) Tj ET Q q 0 0 0 rg BT 361.31 381.40 Td (be ) Tj ET Q q 0 0 0 rg BT 372.60 381.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 400.89 381.40 Td (to ) Tj ET Q q 0 0 0 rg BT 410.69 381.40 Td (special ) Tj ET Q q 0 0 0 rg BT 438.48 381.40 Td (rules. ) Tj ET Q q 0 0 0 rg BT 460.82 381.40 Td (This ) Tj ET Q q 0 0 0 rg BT 479.62 381.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 519.92 381.40 Td (deals ) Tj ET Q q 0 0 0 rg BT 541.21 381.40 Td (only ) Tj ET Q q 0 0 0 rg BT 560.01 381.40 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 370.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 83.72 370.60 Td (who ) Tj ET Q q 0 0 0 rg BT 101.45 370.60 Td (own ) Tj ET Q q 0 0 0 rg BT 119.19 370.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.42 370.60 Td (common ) Tj ET Q q 0 0 0 rg BT 166.15 370.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 187.39 370.60 Td (as ) Tj ET Q q 0 0 0 rg BT 197.12 370.60 Td (a ) Tj ET Q q 0 0 0 rg BT 203.35 370.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 229.57 370.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 251.55 370.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 286.68 370.60 Td (, ) Tj ET Q q 0 0 0 rg BT 291.16 370.60 Td (this ) Tj ET Q q 0 0 0 rg BT 306.40 370.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 346.14 370.60 Td (is ) Tj ET Q q 0 0 0 rg BT 354.38 370.60 Td (based ) Tj ET Q q 0 0 0 rg BT 377.11 370.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 397.34 370.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 418.33 370.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 460.55 370.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.78 370.60 Td (other ) Tj ET Q q 0 0 0 rg BT 496.51 370.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 536.74 370.60 Td (in ) Tj ET Q q 0 0 0 rg BT 545.97 370.60 Td (ef) Tj ET Q q 0 0 0 rg BT 552.80 370.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 568.52 370.60 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 359.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.66 359.80 Td (the ) Tj ET Q q 0 0 0 rg BT 58.81 359.80 Td (date ) Tj ET Q q 0 0 0 rg BT 75.96 359.80 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 103.36 359.80 Td (all ) Tj ET Q q 0 0 0 rg BT 114.51 359.80 Td (of ) Tj ET Q q 0 0 0 rg BT 124.17 359.80 Td (which ) Tj ET Q q 0 0 0 rg BT 148.32 359.80 Td (are ) Tj ET Q q 0 0 0 rg BT 161.47 359.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 189.12 359.80 Td (to ) Tj ET Q q 0 0 0 rg BT 198.28 359.80 Td (change, ) Tj ET Q q 0 0 0 rg BT 228.18 359.80 Td (possibly ) Tj ET Q q 0 0 0 rg BT 260.34 359.80 Td (with ) Tj ET Q q 0 0 0 rg BT 278.50 359.80 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 319.14 359.80 Td (ef) Tj ET Q q 0 0 0 rg BT 325.97 359.80 Td (fect. ) Tj ET Q q 0 0 0 rg BT 343.54 359.80 Td (Y) Tj ET Q q 0 0 0 rg BT 349.14 359.80 Td (ou ) Tj ET Q q 0 0 0 rg BT 360.30 359.80 Td (are ) Tj ET Q q 0 0 0 rg BT 373.45 359.80 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 417.08 359.80 Td (to ) Tj ET Q q 0 0 0 rg BT 426.25 359.80 Td (consult ) Tj ET Q q 0 0 0 rg BT 454.40 359.80 Td (your ) Tj ET Q q 0 0 0 rg BT 473.06 359.80 Td (own ) Tj ET Q q 0 0 0 rg BT 490.72 359.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 503.88 359.80 Td (advisors ) Tj ET Q q 0 0 0 rg BT 536.03 359.80 Td (concerning ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.38 349.00 Td (overall ) Tj ET Q q 0 0 0 rg BT 76.75 349.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.12 349.00 Td (consequences ) Tj ET Q q 0 0 0 rg BT 141.98 349.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 168.86 349.00 Td (in ) Tj ET Q q 0 0 0 rg BT 178.24 349.00 Td (your ) Tj ET Q q 0 0 0 rg BT 197.12 349.00 Td (own ) Tj ET Q q 0 0 0 rg BT 215.00 349.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 251.86 349.00 Td (situation ) Tj ET Q q 0 0 0 rg BT 285.24 349.00 Td (under ) Tj ET Q q 0 0 0 rg BT 308.12 349.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 326.50 349.00 Td (federal, ) Tj ET Q q 0 0 0 rg BT 356.12 349.00 Td (state, ) Tj ET Q q 0 0 0 rg BT 377.24 349.00 Td (local ) Tj ET Q q 0 0 0 rg BT 397.11 349.00 Td (and ) Tj ET Q q 0 0 0 rg BT 412.49 349.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 440.86 349.00 Td (law ) Tj ET Q q 0 0 0 rg BT 456.24 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 466.11 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 479.49 349.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 519.37 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 529.25 349.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.12 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 564.00 349.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 338.20 Td (common ) Tj ET Q q 0 0 0 rg BT 69.75 338.20 Td (stock.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 310.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 74.25 310.60 Td (and ) Tj ET Q q 0 0 0 rg BT 91.01 310.60 Td (Other) Tj ET Q q 0 0 0 rg BT 113.84 310.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.09 310.60 Td (Non-United ) Tj ET Q q 0 0 0 rg BT 163.34 310.60 Td (States ) Tj ET Q q 0 0 0 rg BT 188.43 310.60 Td (T) Tj ET Q q 0 0 0 rg BT 193.61 310.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 204.86 310.60 Td (Considerations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 296.80 Td (As ) Tj ET Q q 0 0 0 rg BT 48.36 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.22 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 71.58 296.80 Td (date ) Tj ET Q q 0 0 0 rg BT 88.93 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 98.79 296.80 Td (this ) Tj ET Q q 0 0 0 rg BT 113.64 296.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 142.49 296.80 Td (Report, ) Tj ET Q q 0 0 0 rg BT 171.60 296.80 Td (whilst ) Tj ET Q q 0 0 0 rg BT 195.97 296.80 Td (North ) Tj ET Q q 0 0 0 rg BT 218.80 296.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 250.16 296.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 281.02 296.80 Td (is ) Tj ET Q q 0 0 0 rg BT 289.38 296.80 Td (resident ) Tj ET Q q 0 0 0 rg BT 320.24 296.80 Td (in ) Tj ET Q q 0 0 0 rg BT 329.60 296.80 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 367.20 296.80 Td (we ) Tj ET Q q 0 0 0 rg BT 380.06 296.80 Td (are ) Tj ET Q q 0 0 0 rg BT 393.41 296.80 Td (not ) Tj ET Q q 0 0 0 rg BT 407.27 296.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 435.12 296.80 Td (to ) Tj ET Q q 0 0 0 rg BT 444.49 296.80 Td (taxation ) Tj ET Q q 0 0 0 rg BT 475.84 296.80 Td (under ) Tj ET Q q 0 0 0 rg BT 498.69 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 512.05 296.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 530.91 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.77 296.80 Td (Bermuda. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 286.00 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 84.72 286.00 Td (we ) Tj ET Q q 0 0 0 rg BT 96.93 286.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 124.63 286.00 Td (from ) Tj ET Q q 0 0 0 rg BT 143.84 286.00 Td (our ) Tj ET Q q 0 0 0 rg BT 157.55 286.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 201.76 286.00 Td (also ) Tj ET Q q 0 0 0 rg BT 217.98 286.00 Td (are ) Tj ET Q q 0 0 0 rg BT 230.68 286.00 Td (not ) Tj ET Q q 0 0 0 rg BT 243.90 286.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.11 286.00 Td (to ) Tj ET Q q 0 0 0 rg BT 279.83 286.00 Td (any ) Tj ET Q q 0 0 0 rg BT 294.54 286.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 329.25 286.00 Td (tax. ) Tj ET Q q 0 0 0 rg BT 343.83 286.00 Td (As ) Tj ET Q q 0 0 0 rg BT 355.55 286.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.76 286.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.48 286.00 Td (date ) Tj ET Q q 0 0 0 rg BT 394.18 286.00 Td (of ) Tj ET Q q 0 0 0 rg BT 403.40 286.00 Td (this ) Tj ET Q q 0 0 0 rg BT 417.74 286.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 445.95 286.00 Td (Report, ) Tj ET Q q 0 0 0 rg BT 474.41 286.00 Td (there ) Tj ET Q q 0 0 0 rg BT 494.12 286.00 Td (is ) Tj ET Q q 0 0 0 rg BT 501.84 286.00 Td (no ) Tj ET Q q 0 0 0 rg BT 512.56 286.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 547.26 286.00 Td (income, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 275.20 Td (corporation ) Tj ET Q q 0 0 0 rg BT 79.67 275.20 Td (or ) Tj ET Q q 0 0 0 rg BT 89.36 275.20 Td (profits ) Tj ET Q q 0 0 0 rg BT 115.05 275.20 Td (tax, ) Tj ET Q q 0 0 0 rg BT 130.48 275.20 Td (withholding ) Tj ET Q q 0 0 0 rg BT 176.17 275.20 Td (tax, ) Tj ET Q q 0 0 0 rg BT 191.61 275.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.78 275.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 238.97 275.20 Td (tax, ) Tj ET Q q 0 0 0 rg BT 254.40 275.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 280.58 275.20 Td (transfer ) Tj ET Q q 0 0 0 rg BT 310.25 275.20 Td (tax, ) Tj ET Q q 0 0 0 rg BT 325.69 275.20 Td (or ) Tj ET Q q 0 0 0 rg BT 335.37 275.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 358.05 275.20 Td (duty ) Tj ET Q q 0 0 0 rg BT 376.24 275.20 Td (or ) Tj ET Q q 0 0 0 rg BT 385.93 275.20 Td (inheritance ) Tj ET Q q 0 0 0 rg BT 428.09 275.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.28 275.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 471.45 275.20 Td (by ) Tj ET Q q 0 0 0 rg BT 482.64 275.20 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 533.32 275.20 Td (of ) Tj ET Q q 0 0 0 rg BT 543.01 275.20 Td (Bermuda ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 264.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.10 264.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 72.69 264.40 Td (of ) Tj ET Q q 0 0 0 rg BT 82.29 264.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.37 264.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 129.47 264.40 Td (realized ) Tj ET Q q 0 0 0 rg BT 160.05 264.40 Td (on ) Tj ET Q q 0 0 0 rg BT 171.15 264.40 Td (a ) Tj ET Q q 0 0 0 rg BT 177.25 264.40 Td (disposition ) Tj ET Q q 0 0 0 rg BT 218.86 264.40 Td (of ) Tj ET Q q 0 0 0 rg BT 228.46 264.40 Td (our ) Tj ET Q q 0 0 0 rg BT 242.55 264.40 Td (common ) Tj ET Q q 0 0 0 rg BT 276.15 264.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 297.25 264.40 Td (or ) Tj ET Q q 0 0 0 rg BT 306.85 264.40 Td (in ) Tj ET Q q 0 0 0 rg BT 315.95 264.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 343.54 264.40 Td (of ) Tj ET Q q 0 0 0 rg BT 353.13 264.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 400.24 264.40 Td (they ) Tj ET Q q 0 0 0 rg BT 417.84 264.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 445.92 264.40 Td (from ) Tj ET Q q 0 0 0 rg BT 465.51 264.40 Td (us ) Tj ET Q q 0 0 0 rg BT 475.62 264.40 Td (with ) Tj ET Q q 0 0 0 rg BT 493.72 264.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 521.30 264.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.40 264.40 Td (our ) Tj ET Q q 0 0 0 rg BT 544.50 264.40 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 253.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 59.53 253.60 Td (This ) Tj ET Q q 0 0 0 rg BT 77.99 253.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 117.95 253.60 Td (does ) Tj ET Q q 0 0 0 rg BT 136.90 253.60 Td (not, ) Tj ET Q q 0 0 0 rg BT 153.11 253.60 Td (however) Tj ET Q q 0 0 0 rg BT 183.73 253.60 Td (, ) Tj ET Q q 0 0 0 rg BT 188.44 253.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 210.89 253.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.35 253.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.81 253.60 Td (taxation ) Tj ET Q q 0 0 0 rg BT 265.25 253.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.21 253.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 305.16 253.60 Td (ordinarily ) Tj ET Q q 0 0 0 rg BT 343.11 253.60 Td (resident ) Tj ET Q q 0 0 0 rg BT 374.06 253.60 Td (in ) Tj ET Q q 0 0 0 rg BT 383.52 253.60 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 421.21 253.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 456.66 253.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 504.60 253.60 Td (should ) Tj ET Q q 0 0 0 rg BT 531.06 253.60 Td (consult ) Tj ET Q q 0 0 0 rg BT 559.52 253.60 Td (their ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 242.80 Td (own ) Tj ET Q q 0 0 0 rg BT 53.56 242.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 66.61 242.80 Td (advisors ) Tj ET Q q 0 0 0 rg BT 98.66 242.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 135.20 242.80 Td (possible ) Tj ET Q q 0 0 0 rg BT 166.76 242.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 201.81 242.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 222.35 242.80 Td (with ) Tj ET Q q 0 0 0 rg BT 240.41 242.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 267.95 242.80 Td (to ) Tj ET Q q 0 0 0 rg BT 277.01 242.80 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 322.08 242.80 Td (of, ) Tj ET Q q 0 0 0 rg BT 333.88 242.80 Td (and ) Tj ET Q q 0 0 0 rg BT 348.93 242.80 Td (distributions ) Tj ET Q q 0 0 0 rg BT 395.99 242.80 Td (on, ) Tj ET Q q 0 0 0 rg BT 409.30 242.80 Td (our ) Tj ET Q q 0 0 0 rg BT 423.35 242.80 Td (common ) Tj ET Q q 0 0 0 rg BT 456.90 242.80 Td (stock. ) Tj ET Q q 0 0 0 rg BT 480.06 242.80 Td (W) Tj ET Q q 0 0 0 rg BT 487.83 242.80 Td (e ) Tj ET Q q 0 0 0 rg BT 493.88 242.80 Td (have ) Tj ET Q q 0 0 0 rg BT 512.93 242.80 Td (received ) Tj ET Q q 0 0 0 rg BT 545.46 242.80 Td (from ) Tj ET Q q 0 0 0 rg BT 565.01 242.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.00 Td (Minister ) Tj ET Q q 0 0 0 rg BT 67.82 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 76.63 232.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 106.44 232.00 Td (under ) Tj ET Q q 0 0 0 rg BT 128.16 232.00 Td (The ) Tj ET Q q 0 0 0 rg BT 143.47 232.00 Td (Exempted ) Tj ET Q q 0 0 0 rg BT 181.28 232.00 Td (Undertaking ) Tj ET Q q 0 0 0 rg BT 227.49 232.00 Td (T) Tj ET Q q 0 0 0 rg BT 232.36 232.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 242.17 232.00 Td (Protection ) Tj ET Q q 0 0 0 rg BT 280.19 232.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 294.51 232.00 Td (1966, ) Tj ET Q q 0 0 0 rg BT 316.08 232.00 Td (as ) Tj ET Q q 0 0 0 rg BT 324.89 232.00 Td (amended, ) Tj ET Q q 0 0 0 rg BT 360.95 232.00 Td (an ) Tj ET Q q 0 0 0 rg BT 370.76 232.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 407.06 232.00 Td (that, ) Tj ET Q q 0 0 0 rg BT 424.13 232.00 Td (in ) Tj ET Q q 0 0 0 rg BT 432.44 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.76 232.00 Td (event ) Tj ET Q q 0 0 0 rg BT 465.57 232.00 Td (that ) Tj ET Q q 0 0 0 rg BT 480.38 232.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 514.69 232.00 Td (enacts ) Tj ET Q q 0 0 0 rg BT 538.50 232.00 Td (legislation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.20 Td (imposing ) Tj ET Q q 0 0 0 rg BT 71.79 221.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 85.07 221.20 Td (computed ) Tj ET Q q 0 0 0 rg BT 122.85 221.20 Td (on ) Tj ET Q q 0 0 0 rg BT 134.14 221.20 Td (profits, ) Tj ET Q q 0 0 0 rg BT 162.17 221.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 193.20 221.20 Td (any ) Tj ET Q q 0 0 0 rg BT 208.48 221.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.76 221.20 Td (asset, ) Tj ET Q q 0 0 0 rg BT 256.79 221.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 274.57 221.20 Td (or ) Tj ET Q q 0 0 0 rg BT 284.36 221.20 Td (appreciation, ) Tj ET Q q 0 0 0 rg BT 333.37 221.20 Td (or ) Tj ET Q q 0 0 0 rg BT 343.16 221.20 Td (any ) Tj ET Q q 0 0 0 rg BT 358.44 221.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.72 221.20 Td (in ) Tj ET Q q 0 0 0 rg BT 381.01 221.20 Td (the ) Tj ET Q q 0 0 0 rg BT 394.29 221.20 Td (nature ) Tj ET Q q 0 0 0 rg BT 419.07 221.20 Td (of ) Tj ET Q q 0 0 0 rg BT 428.85 221.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 451.63 221.20 Td (duty ) Tj ET Q q 0 0 0 rg BT 469.91 221.20 Td (or ) Tj ET Q q 0 0 0 rg BT 479.70 221.20 Td (inheritance, ) Tj ET Q q 0 0 0 rg BT 524.21 221.20 Td (the ) Tj ET Q q 0 0 0 rg BT 537.50 221.20 Td (imposition ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 210.40 Td (of ) Tj ET Q q 0 0 0 rg BT 45.60 210.40 Td (any ) Tj ET Q q 0 0 0 rg BT 60.70 210.40 Td (such ) Tj ET Q q 0 0 0 rg BT 79.30 210.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 92.40 210.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 111.50 210.40 Td (not ) Tj ET Q q 0 0 0 rg BT 125.11 210.40 Td (be ) Tj ET Q q 0 0 0 rg BT 135.71 210.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 174.79 210.40 Td (to ) Tj ET Q q 0 0 0 rg BT 183.89 210.40 Td (us ) Tj ET Q q 0 0 0 rg BT 194.00 210.40 Td (or ) Tj ET Q q 0 0 0 rg BT 203.60 210.40 Td (to ) Tj ET Q q 0 0 0 rg BT 212.71 210.40 Td (any ) Tj ET Q q 0 0 0 rg BT 227.80 210.40 Td (of ) Tj ET Q q 0 0 0 rg BT 237.41 210.40 Td (our ) Tj ET Q q 0 0 0 rg BT 251.51 210.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.10 210.40 Td (or ) Tj ET Q q 0 0 0 rg BT 300.70 210.40 Td (shares, ) Tj ET Q q 0 0 0 rg BT 327.55 210.40 Td (debentures ) Tj ET Q q 0 0 0 rg BT 368.63 210.40 Td (or ) Tj ET Q q 0 0 0 rg BT 378.24 210.40 Td (other ) Tj ET Q q 0 0 0 rg BT 398.83 210.40 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 443.18 210.40 Td (until ) Tj ET Q q 0 0 0 rg BT 461.79 210.40 Td (March ) Tj ET Q q 0 0 0 rg BT 487.38 210.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.74 210.40 Td (2035. ) Tj ET Q q 0 0 0 rg BT 522.94 210.40 Td (This ) Tj ET Q q 0 0 0 rg BT 541.04 210.40 Td (assurance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 199.60 Td (is ) Tj ET Q q 0 0 0 rg BT 44.20 199.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 71.88 199.60 Td (to ) Tj ET Q q 0 0 0 rg BT 81.08 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.27 199.60 Td (proviso ) Tj ET Q q 0 0 0 rg BT 123.46 199.60 Td (that ) Tj ET Q q 0 0 0 rg BT 139.15 199.60 Td (it ) Tj ET Q q 0 0 0 rg BT 146.34 199.60 Td (is ) Tj ET Q q 0 0 0 rg BT 154.54 199.60 Td (not ) Tj ET Q q 0 0 0 rg BT 168.24 199.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.43 199.60 Td (be ) Tj ET Q q 0 0 0 rg BT 188.12 199.60 Td (construed ) Tj ET Q q 0 0 0 rg BT 225.30 199.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.50 199.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 263.68 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.87 199.60 Td (application ) Tj ET Q q 0 0 0 rg BT 319.05 199.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.74 199.60 Td (any ) Tj ET Q q 0 0 0 rg BT 343.92 199.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.11 199.60 Td (or ) Tj ET Q q 0 0 0 rg BT 366.80 199.60 Td (duty ) Tj ET Q q 0 0 0 rg BT 385.00 199.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.19 199.60 Td (such ) Tj ET Q q 0 0 0 rg BT 412.88 199.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 442.57 199.60 Td (as ) Tj ET Q q 0 0 0 rg BT 452.27 199.60 Td (are ) Tj ET Q q 0 0 0 rg BT 465.45 199.60 Td (ordinarily ) Tj ET Q q 0 0 0 rg BT 503.13 199.60 Td (resident ) Tj ET Q q 0 0 0 rg BT 533.81 199.60 Td (in ) Tj ET Q q 0 0 0 rg BT 543.01 199.60 Td (Bermuda ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.98 188.80 Td (to ) Tj ET Q q 0 0 0 rg BT 55.46 188.80 Td (prevent ) Tj ET Q q 0 0 0 rg BT 84.92 188.80 Td (the ) Tj ET Q q 0 0 0 rg BT 98.40 188.80 Td (application ) Tj ET Q q 0 0 0 rg BT 140.86 188.80 Td (of ) Tj ET Q q 0 0 0 rg BT 150.84 188.80 Td (any ) Tj ET Q q 0 0 0 rg BT 166.31 188.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 179.79 188.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 210.25 188.80 Td (in ) Tj ET Q q 0 0 0 rg BT 219.73 188.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 262.68 188.80 Td (with ) Tj ET Q q 0 0 0 rg BT 281.16 188.80 Td (the ) Tj ET Q q 0 0 0 rg BT 294.63 188.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 334.61 188.80 Td (of ) Tj ET Q q 0 0 0 rg BT 344.59 188.80 Td (the ) Tj ET Q q 0 0 0 rg BT 358.06 188.80 Td (Land ) Tj ET Q q 0 0 0 rg BT 378.86 188.80 Td (T) Tj ET Q q 0 0 0 rg BT 383.73 188.80 Td (ax ) Tj ET Q q 0 0 0 rg BT 394.15 188.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 409.63 188.80 Td (1967. ) Tj ET Q q 0 0 0 rg BT 432.18 188.80 Td (The ) Tj ET Q q 0 0 0 rg BT 448.65 188.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 486.11 188.80 Td (does ) Tj ET Q q 0 0 0 rg BT 505.09 188.80 Td (not ) Tj ET Q q 0 0 0 rg BT 519.07 188.80 Td (exempt ) Tj ET Q q 0 0 0 rg BT 548.04 188.80 Td (us ) Tj ET Q q 0 0 0 rg BT 558.52 188.80 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 178.00 Td (paying ) Tj ET Q q 0 0 0 rg BT 62.94 178.00 Td (import ) Tj ET Q q 0 0 0 rg BT 89.37 178.00 Td (duty ) Tj ET Q q 0 0 0 rg BT 107.81 178.00 Td (on ) Tj ET Q q 0 0 0 rg BT 119.25 178.00 Td (goods ) Tj ET Q q 0 0 0 rg BT 143.20 178.00 Td (imported ) Tj ET Q q 0 0 0 rg BT 178.13 178.00 Td (into ) Tj ET Q q 0 0 0 rg BT 194.57 178.00 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 232.25 178.00 Td (In ) Tj ET Q q 0 0 0 rg BT 242.19 178.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 276.37 178.00 Td (all ) Tj ET Q q 0 0 0 rg BT 287.81 178.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 316.24 178.00 Td (employing ) Tj ET Q q 0 0 0 rg BT 357.18 178.00 Td (individuals ) Tj ET Q q 0 0 0 rg BT 399.62 178.00 Td (in ) Tj ET Q q 0 0 0 rg BT 409.06 178.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 444.49 178.00 Td (are ) Tj ET Q q 0 0 0 rg BT 457.91 178.00 Td (required ) Tj ET Q q 0 0 0 rg BT 490.34 178.00 Td (to ) Tj ET Q q 0 0 0 rg BT 499.78 178.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 515.21 178.00 Td (a ) Tj ET Q q 0 0 0 rg BT 521.65 178.00 Td (payroll ) Tj ET Q q 0 0 0 rg BT 549.58 178.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 563.01 178.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 167.20 Td (there ) Tj ET Q q 0 0 0 rg BT 56.39 167.20 Td (are ) Tj ET Q q 0 0 0 rg BT 69.77 167.20 Td (other ) Tj ET Q q 0 0 0 rg BT 90.67 167.20 Td (sundry ) Tj ET Q q 0 0 0 rg BT 117.57 167.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 138.46 167.20 Td (payable, ) Tj ET Q q 0 0 0 rg BT 171.09 167.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 200.98 167.20 Td (or ) Tj ET Q q 0 0 0 rg BT 210.88 167.20 Td (indirectly) Tj ET Q q 0 0 0 rg BT 244.78 167.20 Td (, ) Tj ET Q q 0 0 0 rg BT 249.43 167.20 Td (to ) Tj ET Q q 0 0 0 rg BT 258.83 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 272.23 167.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 307.62 167.20 Td (government. ) Tj ET Q q 0 0 0 rg BT 355.08 167.20 Td (W) Tj ET Q q 0 0 0 rg BT 362.86 167.20 Td (e ) Tj ET Q q 0 0 0 rg BT 369.25 167.20 Td (and ) Tj ET Q q 0 0 0 rg BT 384.65 167.20 Td (our ) Tj ET Q q 0 0 0 rg BT 399.05 167.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 443.94 167.20 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 491.82 167.20 Td (in ) Tj ET Q q 0 0 0 rg BT 501.22 167.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 536.61 167.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 552.01 167.20 Td (annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 156.40 Td (government ) Tj ET Q q 0 0 0 rg BT 81.42 156.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 98.33 156.40 Td (to ) Tj ET Q q 0 0 0 rg BT 107.76 156.40 Td (the ) Tj ET Q q 0 0 0 rg BT 121.18 156.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 156.60 156.40 Td (government. ) Tj ET Q q 0 0 0 rg BT 204.27 156.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 239.69 156.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 274.60 156.40 Td (has ) Tj ET Q q 0 0 0 rg BT 289.02 156.40 Td (no ) Tj ET Q q 0 0 0 rg BT 300.45 156.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.88 156.40 Td (treaties ) Tj ET Q q 0 0 0 rg BT 342.29 156.40 Td (in ) Tj ET Q q 0 0 0 rg BT 351.72 156.40 Td (place ) Tj ET Q q 0 0 0 rg BT 373.13 156.40 Td (with ) Tj ET Q q 0 0 0 rg BT 391.56 156.40 Td (other ) Tj ET Q q 0 0 0 rg BT 412.48 156.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 447.90 156.40 Td (in ) Tj ET Q q 0 0 0 rg BT 457.33 156.40 Td (relation ) Tj ET Q q 0 0 0 rg BT 487.24 156.40 Td (to ) Tj ET Q q 0 0 0 rg BT 496.67 156.40 Td (double-taxation ) Tj ET Q q 0 0 0 rg BT 555.58 156.40 Td (or ) Tj ET Q q 0 0 0 rg BT 565.51 156.40 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 145.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 95.00 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.74 145.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 117.99 145.60 Td (for ) Tj ET Q q 0 0 0 rg BT 130.73 145.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 158.97 145.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 172.22 145.60 Td (authorities.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 118.00 Td (United ) Tj ET Q q 0 0 0 rg BT 64.25 118.00 Td (States ) Tj ET Q q 0 0 0 rg BT 89.50 118.00 Td (Federal ) Tj ET Q q 0 0 0 rg BT 121.24 118.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 151.82 118.00 Td (T) Tj ET Q q 0 0 0 rg BT 156.99 118.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 168.24 118.00 Td (Considerations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 104.20 Td (In ) Tj ET Q q 0 0 0 rg BT 45.43 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.35 104.20 Td (opinion ) Tj ET Q q 0 0 0 rg BT 87.78 104.20 Td (of ) Tj ET Q q 0 0 0 rg BT 97.21 104.20 Td (Seward& ) Tj ET Q q 0 0 0 rg BT 135.38 104.20 Td (Kissel ) Tj ET Q q 0 0 0 rg BT 159.81 104.20 Td (LLP) Tj ET Q q 0 0 0 rg BT 174.82 104.20 Td (, ) Tj ET Q q 0 0 0 rg BT 179.00 104.20 Td (our ) Tj ET Q q 0 0 0 rg BT 192.92 104.20 Td (United ) Tj ET Q q 0 0 0 rg BT 219.35 104.20 Td (States ) Tj ET Q q 0 0 0 rg BT 242.78 104.20 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 274.45 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 287.37 104.20 Td (following ) Tj ET Q q 0 0 0 rg BT 324.30 104.20 Td (are ) Tj ET Q q 0 0 0 rg BT 337.22 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.14 104.20 Td (material ) Tj ET Q q 0 0 0 rg BT 381.56 104.20 Td (United ) Tj ET Q q 0 0 0 rg BT 407.98 104.20 Td (States ) Tj ET Q q 0 0 0 rg BT 431.41 104.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 458.32 104.20 Td (income ) Tj ET Q q 0 0 0 rg BT 486.74 104.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 499.67 104.20 Td (consequences ) Tj ET Q q 0 0 0 rg BT 551.07 104.20 Td (to ) Tj ET Q q 0 0 0 rg BT 560.00 104.20 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 93.40 Td (Holders ) Tj ET Q q 0 0 0 rg BT 66.96 93.40 Td (and ) Tj ET Q q 0 0 0 rg BT 82.42 93.40 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 119.38 93.40 Td (Holders, ) Tj ET Q q 0 0 0 rg BT 152.59 93.40 Td (each ) Tj ET Q q 0 0 0 rg BT 171.54 93.40 Td (as ) Tj ET Q q 0 0 0 rg BT 181.50 93.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 210.95 93.40 Td (below) Tj ET Q q 0 0 0 rg BT 232.36 93.40 Td (, ) Tj ET Q q 0 0 0 rg BT 237.07 93.40 Td (of ) Tj ET Q q 0 0 0 rg BT 247.03 93.40 Td (the ) Tj ET Q q 0 0 0 rg BT 260.49 93.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 300.45 93.40 Td (of ) Tj ET Q q 0 0 0 rg BT 310.41 93.40 Td (our ) Tj ET Q q 0 0 0 rg BT 324.87 93.40 Td (common ) Tj ET Q q 0 0 0 rg BT 358.83 93.40 Td (shares. ) Tj ET Q q 0 0 0 rg BT 385.85 93.40 Td (This ) Tj ET Q q 0 0 0 rg BT 404.32 93.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 444.28 93.40 Td (does ) Tj ET Q q 0 0 0 rg BT 463.24 93.40 Td (not ) Tj ET Q q 0 0 0 rg BT 477.21 93.40 Td (purport ) Tj ET Q q 0 0 0 rg BT 506.16 93.40 Td (to ) Tj ET Q q 0 0 0 rg BT 515.63 93.40 Td (deal ) Tj ET Q q 0 0 0 rg BT 533.08 93.40 Td (with ) Tj ET Q q 0 0 0 rg BT 551.55 93.40 Td (the ) Tj ET Q q 0 0 0 rg BT 565.00 93.40 Td (tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 82.60 Td (consequences ) Tj ET Q q 0 0 0 rg BT 87.33 82.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.68 82.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 125.53 82.60 Td (common ) Tj ET Q q 0 0 0 rg BT 158.88 82.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.22 82.60 Td (to ) Tj ET Q q 0 0 0 rg BT 192.08 82.60 Td (all ) Tj ET Q q 0 0 0 rg BT 202.93 82.60 Td (categories ) Tj ET Q q 0 0 0 rg BT 241.26 82.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.61 82.60 Td (investors, ) Tj ET Q q 0 0 0 rg BT 287.21 82.60 Td (some ) Tj ET Q q 0 0 0 rg BT 308.06 82.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.41 82.60 Td (which, ) Tj ET Q q 0 0 0 rg BT 343.50 82.60 Td (such ) Tj ET Q q 0 0 0 rg BT 361.85 82.60 Td (as ) Tj ET Q q 0 0 0 rg BT 371.20 82.60 Td (banks, ) Tj ET Q q 0 0 0 rg BT 396.30 82.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 432.64 82.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 475.23 82.60 Td (real ) Tj ET Q q 0 0 0 rg BT 490.57 82.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 512.91 82.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 554.25 82.60 Td (trusts, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 71.80 Td (regulated ) Tj ET Q q 0 0 0 rg BT 71.48 71.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 112.96 71.80 Td (companies, ) Tj ET Q q 0 0 0 rg BT 155.69 71.80 Td (grantor ) Tj ET Q q 0 0 0 rg BT 183.67 71.80 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 207.42 71.80 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 249.90 71.80 Td (or) Tj ET Q q 0 0 0 rg BT 257.23 71.80 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 302.46 71.80 Td (dealers ) Tj ET Q q 0 0 0 rg BT 329.94 71.80 Td (in ) Tj ET Q q 0 0 0 rg BT 338.93 71.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 374.91 71.80 Td (or ) Tj ET Q q 0 0 0 rg BT 384.40 71.80 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 425.62 71.80 Td (traders ) Tj ET Q q 0 0 0 rg BT 452.10 71.80 Td (in ) Tj ET Q q 0 0 0 rg BT 461.10 71.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 497.08 71.80 Td (that ) Tj ET Q q 0 0 0 rg BT 512.56 71.80 Td (elect ) Tj ET Q q 0 0 0 rg BT 531.54 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 544.53 71.80 Td (mark-to-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.00 Td (market ) Tj ET Q q 0 0 0 rg BT 63.94 61.00 Td (method ) Tj ET Q q 0 0 0 rg BT 93.89 61.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.35 61.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 146.79 61.00 Td (for ) Tj ET Q q 0 0 0 rg BT 160.24 61.00 Td (their ) Tj ET Q q 0 0 0 rg BT 179.69 61.00 Td (securities, ) Tj ET Q q 0 0 0 rg BT 218.88 61.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 254.33 61.00 Td (whose ) Tj ET Q q 0 0 0 rg BT 280.28 61.00 Td (functional ) Tj ET Q q 0 0 0 rg BT 319.73 61.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 354.16 61.00 Td (is ) Tj ET Q q 0 0 0 rg BT 363.12 61.00 Td (not ) Tj ET Q q 0 0 0 rg BT 377.57 61.00 Td (the ) Tj ET Q q 0 0 0 rg BT 391.53 61.00 Td (United ) Tj ET Q q 0 0 0 rg BT 418.98 61.00 Td (States ) Tj ET Q q 0 0 0 rg BT 443.43 61.00 Td (dollar) Tj ET Q q 0 0 0 rg BT 464.06 61.00 Td (, ) Tj ET Q q 0 0 0 rg BT 469.27 61.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 504.72 61.00 Td (that ) Tj ET Q q 0 0 0 rg BT 521.17 61.00 Td (are ) Tj ET Q q 0 0 0 rg BT 535.11 61.00 Td (or ) Tj ET Q q 0 0 0 rg BT 545.57 61.00 Td (own ) Tj ET Q q 0 0 0 rg BT 564.02 61.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.20 Td (common ) Tj ET Q q 0 0 0 rg BT 70.04 50.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 95.08 50.20 Td (through ) Tj ET Q q 0 0 0 rg BT 125.63 50.20 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 172.17 50.20 Td (or ) Tj ET Q q 0 0 0 rg BT 182.21 50.20 Td (other ) Tj ET Q q 0 0 0 rg BT 203.26 50.20 Td (pass-through ) Tj ET Q q 0 0 0 rg BT 252.30 50.20 Td (entitles, ) Tj ET Q q 0 0 0 rg BT 283.09 50.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 318.14 50.20 Td (that ) Tj ET Q q 0 0 0 rg BT 334.18 50.20 Td (own, ) Tj ET Q q 0 0 0 rg BT 354.48 50.20 Td (actually ) Tj ET Q q 0 0 0 rg BT 385.51 50.20 Td (or ) Tj ET Q q 0 0 0 rg BT 395.56 50.20 Td (under ) Tj ET Q q 0 0 0 rg BT 418.60 50.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 458.13 50.20 Td (constructive ) Tj ET Q q 0 0 0 rg BT 504.66 50.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 544.71 50.20 Td (rules, ) Tj ET Q q 0 0 0 rg BT 567.00 50.20 Td (10 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 39.40 Td (percent ) Tj ET Q q 0 0 0 rg BT 64.17 39.40 Td (or ) Tj ET Q q 0 0 0 rg BT 73.36 39.40 Td (more ) Tj ET Q q 0 0 0 rg BT 93.55 39.40 Td (of ) Tj ET Q q 0 0 0 rg BT 102.74 39.40 Td (our ) Tj ET Q q 0 0 0 rg BT 116.43 39.40 Td (common ) Tj ET Q q 0 0 0 rg BT 149.62 39.40 Td (shares, ) Tj ET Q q 0 0 0 rg BT 176.05 39.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 205.24 39.40 Td (that ) Tj ET Q q 0 0 0 rg BT 220.43 39.40 Td (will ) Tj ET Q q 0 0 0 rg BT 236.12 39.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 253.82 39.40 Td (the ) Tj ET Q q 0 0 0 rg BT 266.50 39.40 Td (common ) Tj ET Q q 0 0 0 rg BT 299.69 39.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 323.88 39.40 Td (as ) Tj ET Q q 0 0 0 rg BT 333.07 39.40 Td (part ) Tj ET Q q 0 0 0 rg BT 348.75 39.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.94 39.40 Td (a ) Tj ET Q q 0 0 0 rg BT 363.63 39.40 Td (hedging ) Tj ET Q q 0 0 0 rg BT 394.32 39.40 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 437.75 39.40 Td (straddle ) Tj ET Q q 0 0 0 rg BT 475.92 39.40 Td (or ) Tj ET Q q 0 0 0 rg BT 485.11 39.40 Td (conversion ) Tj ET Q q 0 0 0 rg BT 530.28 39.40 Td (transaction, ) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 66.05 749.80 Td (who ) Tj ET Q q 0 0 0 rg BT 84.09 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 97.63 749.80 Td (deemed ) Tj ET Q q 0 0 0 rg BT 128.16 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 137.71 749.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 152.76 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.30 749.80 Td (common ) Tj ET Q q 0 0 0 rg BT 200.35 749.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 225.39 749.80 Td (under ) Tj ET Q q 0 0 0 rg BT 248.43 749.80 Td (constructive ) Tj ET Q q 0 0 0 rg BT 294.96 749.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 311.50 749.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 331.55 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 347.09 749.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 377.13 749.80 Td (who ) Tj ET Q q 0 0 0 rg BT 395.18 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 408.72 749.80 Td (liable ) Tj ET Q q 0 0 0 rg BT 431.26 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 444.30 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 457.84 749.80 Td (alternative ) Tj ET Q q 0 0 0 rg BT 498.37 749.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 535.92 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 549.47 749.80 Td (may ) Tj ET Q q 0 0 0 rg BT 567.51 749.80 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 63.91 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 73.33 739.00 Td (special ) Tj ET Q q 0 0 0 rg BT 100.73 739.00 Td (rules. ) Tj ET Q q 0 0 0 rg BT 122.71 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 139.12 739.00 Td (following ) Tj ET Q q 0 0 0 rg BT 176.54 739.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 216.46 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.37 739.00 Td (United ) Tj ET Q q 0 0 0 rg BT 253.28 739.00 Td (States ) Tj ET Q q 0 0 0 rg BT 277.19 739.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 304.59 739.00 Td (income ) Tj ET Q q 0 0 0 rg BT 333.49 739.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.91 739.00 Td (matters ) Tj ET Q q 0 0 0 rg BT 375.81 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 384.23 739.00 Td (based ) Tj ET Q q 0 0 0 rg BT 407.14 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 418.55 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.97 739.00 Td (United ) Tj ET Q q 0 0 0 rg BT 458.88 739.00 Td (States ) Tj ET Q q 0 0 0 rg BT 482.79 739.00 Td (Internal ) Tj ET Q q 0 0 0 rg BT 513.19 739.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 547.09 739.00 Td (Code ) Tj ET Q q 0 0 0 rg BT 568.51 739.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (1986, ) Tj ET Q q 0 0 0 rg BT 58.66 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 68.57 728.20 Td (amended, ) Tj ET Q q 0 0 0 rg BT 105.72 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 115.63 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.04 728.20 Td (Code, ) Tj ET Q q 0 0 0 rg BT 152.70 728.20 Td (judicial ) Tj ET Q q 0 0 0 rg BT 182.11 728.20 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 220.27 728.20 Td (administrative ) Tj ET Q q 0 0 0 rg BT 274.17 728.20 Td (pronouncements, ) Tj ET Q q 0 0 0 rg BT 338.31 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 353.72 728.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 384.63 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 400.04 728.20 Td (proposed ) Tj ET Q q 0 0 0 rg BT 435.45 728.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 477.85 728.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 502.77 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 514.18 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 527.59 728.20 Td (United ) Tj ET Q q 0 0 0 rg BT 554.50 728.20 Td (States ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Department ) Tj ET Q q 0 0 0 rg BT 80.57 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 90.16 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 103.10 717.40 Td (T) Tj ET Q q 0 0 0 rg BT 108.28 717.40 Td (reasury) Tj ET Q q 0 0 0 rg BT 134.18 717.40 Td (, ) Tj ET Q q 0 0 0 rg BT 138.52 717.40 Td (or ) Tj ET Q q 0 0 0 rg BT 148.11 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 161.04 717.40 Td (T) Tj ET Q q 0 0 0 rg BT 166.22 717.40 Td (reasury ) Tj ET Q q 0 0 0 rg BT 194.80 717.40 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 242.14 717.40 Td (all ) Tj ET Q q 0 0 0 rg BT 253.22 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 262.81 717.40 Td (which ) Tj ET Q q 0 0 0 rg BT 286.90 717.40 Td (are ) Tj ET Q q 0 0 0 rg BT 299.97 717.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 327.56 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 336.65 717.40 Td (change, ) Tj ET Q q 0 0 0 rg BT 366.47 717.40 Td (possibly ) Tj ET Q q 0 0 0 rg BT 398.57 717.40 Td (with ) Tj ET Q q 0 0 0 rg BT 416.66 717.40 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 457.23 717.40 Td (ef) Tj ET Q q 0 0 0 rg BT 464.05 717.40 Td (fect. ) Tj ET Q q 0 0 0 rg BT 481.73 717.40 Td (This ) Tj ET Q q 0 0 0 rg BT 499.82 717.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 539.42 717.40 Td (deals ) Tj ET Q q 0 0 0 rg BT 560.00 717.40 Td (only ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (with ) Tj ET Q q 0 0 0 rg BT 53.77 706.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 82.04 706.60 Td (who ) Tj ET Q q 0 0 0 rg BT 99.30 706.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 117.08 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.84 706.60 Td (common ) Tj ET Q q 0 0 0 rg BT 163.11 706.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.37 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 196.63 706.60 Td (a ) Tj ET Q q 0 0 0 rg BT 202.40 706.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.15 706.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 249.54 706.60 Td (The ) Tj ET Q q 0 0 0 rg BT 265.30 706.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 304.58 706.60 Td (below ) Tj ET Q q 0 0 0 rg BT 328.34 706.60 Td (is ) Tj ET Q q 0 0 0 rg BT 336.11 706.60 Td (based, ) Tj ET Q q 0 0 0 rg BT 360.63 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.40 706.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 387.41 706.60 Td (on ) Tj ET Q q 0 0 0 rg BT 398.18 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.94 706.60 Td (description ) Tj ET Q q 0 0 0 rg BT 452.70 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.97 706.60 Td (our ) Tj ET Q q 0 0 0 rg BT 475.74 706.60 Td (business ) Tj ET Q q 0 0 0 rg BT 508.01 706.60 Td (as ) Tj ET Q q 0 0 0 rg BT 517.28 706.60 Td (described ) Tj ET Q q 0 0 0 rg BT 553.53 706.60 Td (herein ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.14 695.80 Td (assumes ) Tj ET Q q 0 0 0 rg BT 83.28 695.80 Td (that ) Tj ET Q q 0 0 0 rg BT 98.92 695.80 Td (we ) Tj ET Q q 0 0 0 rg BT 111.55 695.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 142.18 695.80 Td (our ) Tj ET Q q 0 0 0 rg BT 156.32 695.80 Td (business ) Tj ET Q q 0 0 0 rg BT 188.97 695.80 Td (as ) Tj ET Q q 0 0 0 rg BT 198.61 695.80 Td (described ) Tj ET Q q 0 0 0 rg BT 235.23 695.80 Td (herein. ) Tj ET Q q 0 0 0 rg BT 262.11 695.80 Td (Unless ) Tj ET Q q 0 0 0 rg BT 288.76 695.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 325.89 695.80 Td (noted, ) Tj ET Q q 0 0 0 rg BT 350.28 695.80 Td (references ) Tj ET Q q 0 0 0 rg BT 389.39 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 398.53 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 411.67 695.80 Td (following ) Tj ET Q q 0 0 0 rg BT 448.81 695.80 Td (discussion ) Tj ET Q q 0 0 0 rg BT 488.45 695.80 Td (to ) Tj ET Q q 0 0 0 rg BT 497.60 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 510.73 695.80 Td (Company) Tj ET Q q 0 0 0 rg BT 549.14 695.80 Td (, ) Tj ET Q q 0 0 0 rg BT 557.53 695.80 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 685.00 Td (us ) Tj ET Q q 0 0 0 rg BT 69.49 685.00 Td (are ) Tj ET Q q 0 0 0 rg BT 82.72 685.00 Td (to ) Tj ET Q q 0 0 0 rg BT 91.97 685.00 Td (North ) Tj ET Q q 0 0 0 rg BT 114.72 685.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 145.96 685.00 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 176.71 685.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 193.71 685.00 Td (and ) Tj ET Q q 0 0 0 rg BT 208.96 685.00 Td (its ) Tj ET Q q 0 0 0 rg BT 219.71 685.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 264.45 685.00 Td (on ) Tj ET Q q 0 0 0 rg BT 275.70 685.00 Td (a ) Tj ET Q q 0 0 0 rg BT 281.95 685.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 329.69 685.00 Td (basis.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (United ) Tj ET Q q 0 0 0 rg BT 64.25 657.40 Td (States ) Tj ET Q q 0 0 0 rg BT 89.50 657.40 Td (Federal ) Tj ET Q q 0 0 0 rg BT 121.24 657.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 151.82 657.40 Td (T) Tj ET Q q 0 0 0 rg BT 156.99 657.40 Td (axation ) Tj ET Q q 0 0 0 rg BT 187.75 657.40 Td (of ) Tj ET Q q 0 0 0 rg BT 197.49 657.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 215.75 657.40 Td (Holders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (As ) Tj ET Q q 0 0 0 rg BT 47.95 643.60 Td (used ) Tj ET Q q 0 0 0 rg BT 66.39 643.60 Td (herein, ) Tj ET Q q 0 0 0 rg BT 93.07 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.01 643.60 Td (term ) Tj ET Q q 0 0 0 rg BT 124.45 643.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 146.39 643.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 177.32 643.60 Td (means ) Tj ET Q q 0 0 0 rg BT 202.26 643.60 Td (a ) Tj ET Q q 0 0 0 rg BT 208.20 643.60 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 245.62 643.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 270.06 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.50 643.60 Td (common ) Tj ET Q q 0 0 0 rg BT 312.94 643.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 337.38 643.60 Td (that ) Tj ET Q q 0 0 0 rg BT 352.82 643.60 Td (is ) Tj ET Q q 0 0 0 rg BT 360.76 643.60 Td (a ) Tj ET Q q 0 0 0 rg BT 366.70 643.60 Td (United ) Tj ET Q q 0 0 0 rg BT 393.14 643.60 Td (States ) Tj ET Q q 0 0 0 rg BT 416.59 643.60 Td (citizen ) Tj ET Q q 0 0 0 rg BT 442.52 643.60 Td (or ) Tj ET Q q 0 0 0 rg BT 451.96 643.60 Td (resident, ) Tj ET Q q 0 0 0 rg BT 484.64 643.60 Td (United ) Tj ET Q q 0 0 0 rg BT 511.08 643.60 Td (States ) Tj ET Q q 0 0 0 rg BT 534.53 643.60 Td (corporation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 45.61 632.80 Td (other ) Tj ET Q q 0 0 0 rg BT 66.22 632.80 Td (United ) Tj ET Q q 0 0 0 rg BT 92.84 632.80 Td (States ) Tj ET Q q 0 0 0 rg BT 116.45 632.80 Td (entity ) Tj ET Q q 0 0 0 rg BT 139.06 632.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 167.17 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 176.78 632.80 Td (a ) Tj ET Q q 0 0 0 rg BT 182.89 632.80 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 228.74 632.80 Td (an ) Tj ET Q q 0 0 0 rg BT 239.36 632.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 261.96 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.07 632.80 Td (income ) Tj ET Q q 0 0 0 rg BT 303.68 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 313.29 632.80 Td (which ) Tj ET Q q 0 0 0 rg BT 337.41 632.80 Td (is ) Tj ET Q q 0 0 0 rg BT 345.53 632.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 373.14 632.80 Td (to ) Tj ET Q q 0 0 0 rg BT 382.25 632.80 Td (United ) Tj ET Q q 0 0 0 rg BT 408.87 632.80 Td (States ) Tj ET Q q 0 0 0 rg BT 432.48 632.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 459.58 632.80 Td (income ) Tj ET Q q 0 0 0 rg BT 488.18 632.80 Td (taxation ) Tj ET Q q 0 0 0 rg BT 519.29 632.80 Td (regardless ) Tj ET Q q 0 0 0 rg BT 557.89 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 567.51 632.80 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.00 Td (source, ) Tj ET Q q 0 0 0 rg BT 63.62 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 72.99 622.00 Td (a ) Tj ET Q q 0 0 0 rg BT 78.86 622.00 Td (trust ) Tj ET Q q 0 0 0 rg BT 96.74 622.00 Td (if ) Tj ET Q q 0 0 0 rg BT 104.11 622.00 Td (\(i\)a ) Tj ET Q q 0 0 0 rg BT 120.73 622.00 Td (court ) Tj ET Q q 0 0 0 rg BT 141.10 622.00 Td (within ) Tj ET Q q 0 0 0 rg BT 165.97 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.84 622.00 Td (United ) Tj ET Q q 0 0 0 rg BT 205.22 622.00 Td (States ) Tj ET Q q 0 0 0 rg BT 228.59 622.00 Td (is ) Tj ET Q q 0 0 0 rg BT 236.47 622.00 Td (able ) Tj ET Q q 0 0 0 rg BT 253.34 622.00 Td (to ) Tj ET Q q 0 0 0 rg BT 262.21 622.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 293.57 622.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 323.93 622.00 Td (supervision ) Tj ET Q q 0 0 0 rg BT 367.31 622.00 Td (over ) Tj ET Q q 0 0 0 rg BT 385.18 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.05 622.00 Td (administration ) Tj ET Q q 0 0 0 rg BT 451.92 622.00 Td (of ) Tj ET Q q 0 0 0 rg BT 461.29 622.00 Td (the ) Tj ET Q q 0 0 0 rg BT 474.16 622.00 Td (trust ) Tj ET Q q 0 0 0 rg BT 492.04 622.00 Td (and ) Tj ET Q q 0 0 0 rg BT 506.91 622.00 Td (one ) Tj ET Q q 0 0 0 rg BT 521.78 622.00 Td (or ) Tj ET Q q 0 0 0 rg BT 531.15 622.00 Td (more ) Tj ET Q q 0 0 0 rg BT 551.52 622.00 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 611.20 Td (States ) Tj ET Q q 0 0 0 rg BT 60.06 611.20 Td (persons ) Tj ET Q q 0 0 0 rg BT 90.11 611.20 Td (have ) Tj ET Q q 0 0 0 rg BT 109.66 611.20 Td (the ) Tj ET Q q 0 0 0 rg BT 123.21 611.20 Td (authority ) Tj ET Q q 0 0 0 rg BT 158.27 611.20 Td (to ) Tj ET Q q 0 0 0 rg BT 167.82 611.20 Td (control ) Tj ET Q q 0 0 0 rg BT 195.88 611.20 Td (all ) Tj ET Q q 0 0 0 rg BT 207.43 611.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 248.48 611.20 Td (decisions ) Tj ET Q q 0 0 0 rg BT 284.54 611.20 Td (of ) Tj ET Q q 0 0 0 rg BT 294.59 611.20 Td (the ) Tj ET Q q 0 0 0 rg BT 308.15 611.20 Td (trust ) Tj ET Q q 0 0 0 rg BT 326.71 611.20 Td (or ) Tj ET Q q 0 0 0 rg BT 336.76 611.20 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 363.56 611.20 Td (trust ) Tj ET Q q 0 0 0 rg BT 382.12 611.20 Td (has ) Tj ET Q q 0 0 0 rg BT 396.68 611.20 Td (a ) Tj ET Q q 0 0 0 rg BT 403.23 611.20 Td (valid ) Tj ET Q q 0 0 0 rg BT 423.78 611.20 Td (election ) Tj ET Q q 0 0 0 rg BT 454.83 611.20 Td (in ) Tj ET Q q 0 0 0 rg BT 464.39 611.20 Td (ef) Tj ET Q q 0 0 0 rg BT 471.22 611.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 487.26 611.20 Td (to ) Tj ET Q q 0 0 0 rg BT 496.82 611.20 Td (be ) Tj ET Q q 0 0 0 rg BT 507.87 611.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 534.91 611.20 Td (as ) Tj ET Q q 0 0 0 rg BT 544.97 611.20 Td (a ) Tj ET Q q 0 0 0 rg BT 551.52 611.20 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 600.40 Td (States ) Tj ET Q q 0 0 0 rg BT 59.75 600.40 Td (person ) Tj ET Q q 0 0 0 rg BT 85.99 600.40 Td (for ) Tj ET Q q 0 0 0 rg BT 98.74 600.40 Td (United ) Tj ET Q q 0 0 0 rg BT 125.48 600.40 Td (States ) Tj ET Q q 0 0 0 rg BT 149.23 600.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 176.46 600.40 Td (income ) Tj ET Q q 0 0 0 rg BT 205.20 600.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.44 600.40 Td (purposes.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (If ) Tj ET Q q 0 0 0 rg BT 44.30 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 50.60 572.80 Td (partnership ) Tj ET Q q 0 0 0 rg BT 93.39 572.80 Td (holds ) Tj ET Q q 0 0 0 rg BT 115.20 572.80 Td (our ) Tj ET Q q 0 0 0 rg BT 129.50 572.80 Td (common ) Tj ET Q q 0 0 0 rg BT 163.30 572.80 Td (shares, ) Tj ET Q q 0 0 0 rg BT 190.35 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 203.65 572.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.95 572.80 Td (treatment ) Tj ET Q q 0 0 0 rg BT 253.24 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 263.04 572.80 Td (a ) Tj ET Q q 0 0 0 rg BT 269.34 572.80 Td (partner ) Tj ET Q q 0 0 0 rg BT 297.13 572.80 Td (will ) Tj ET Q q 0 0 0 rg BT 313.43 572.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 349.22 572.80 Td (depend ) Tj ET Q q 0 0 0 rg BT 377.52 572.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 397.82 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 411.12 572.80 Td (status ) Tj ET Q q 0 0 0 rg BT 433.93 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 443.73 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 457.03 572.80 Td (partner ) Tj ET Q q 0 0 0 rg BT 484.82 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 500.12 572.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 520.42 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 533.72 572.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 568.52 572.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 562.00 Td (partnership. ) Tj ET Q q 0 0 0 rg BT 94.23 562.00 Td (If ) Tj ET Q q 0 0 0 rg BT 102.48 562.00 Td (you ) Tj ET Q q 0 0 0 rg BT 118.23 562.00 Td (are ) Tj ET Q q 0 0 0 rg BT 131.46 562.00 Td (a ) Tj ET Q q 0 0 0 rg BT 137.71 562.00 Td (partner ) Tj ET Q q 0 0 0 rg BT 165.44 562.00 Td (in ) Tj ET Q q 0 0 0 rg BT 174.69 562.00 Td (a ) Tj ET Q q 0 0 0 rg BT 180.94 562.00 Td (partnership ) Tj ET Q q 0 0 0 rg BT 223.67 562.00 Td (holding ) Tj ET Q q 0 0 0 rg BT 253.42 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 267.67 562.00 Td (common ) Tj ET Q q 0 0 0 rg BT 301.42 562.00 Td (shares, ) Tj ET Q q 0 0 0 rg BT 328.41 562.00 Td (you ) Tj ET Q q 0 0 0 rg BT 344.16 562.00 Td (are ) Tj ET Q q 0 0 0 rg BT 357.39 562.00 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 401.12 562.00 Td (to ) Tj ET Q q 0 0 0 rg BT 410.37 562.00 Td (consult ) Tj ET Q q 0 0 0 rg BT 438.62 562.00 Td (your ) Tj ET Q q 0 0 0 rg BT 457.37 562.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 470.61 562.00 Td (advisor) Tj ET Q q 0 0 0 rg BT 496.61 562.00 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 534.40 Td (Distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.60 Td (Subject ) Tj ET Q q 0 0 0 rg BT 65.60 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 75.21 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 88.81 520.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 128.92 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.02 520.60 Td (passive ) Tj ET Q q 0 0 0 rg BT 168.12 520.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 196.72 520.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 238.82 520.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 279.91 520.60 Td (below) Tj ET Q q 0 0 0 rg BT 301.32 520.60 Td (, ) Tj ET Q q 0 0 0 rg BT 306.18 520.60 Td (any ) Tj ET Q q 0 0 0 rg BT 321.78 520.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 369.39 520.60 Td (made ) Tj ET Q q 0 0 0 rg BT 391.48 520.60 Td (by ) Tj ET Q q 0 0 0 rg BT 403.09 520.60 Td (us ) Tj ET Q q 0 0 0 rg BT 413.70 520.60 Td (with ) Tj ET Q q 0 0 0 rg BT 432.30 520.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 460.39 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.00 520.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.60 520.60 Td (common ) Tj ET Q q 0 0 0 rg BT 518.70 520.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 543.80 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.41 520.60 Td (a ) Tj ET Q q 0 0 0 rg BT 560.01 520.60 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.80 Td (Holder ) Tj ET Q q 0 0 0 rg BT 63.00 509.80 Td (will ) Tj ET Q q 0 0 0 rg BT 79.02 509.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 114.51 509.80 Td (constitute ) Tj ET Q q 0 0 0 rg BT 151.52 509.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 190.78 509.80 Td (which ) Tj ET Q q 0 0 0 rg BT 214.79 509.80 Td (may ) Tj ET Q q 0 0 0 rg BT 232.29 509.80 Td (be ) Tj ET Q q 0 0 0 rg BT 242.80 509.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 270.80 509.80 Td (as ) Tj ET Q q 0 0 0 rg BT 280.31 509.80 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 312.81 509.80 Td (income ) Tj ET Q q 0 0 0 rg BT 341.31 509.80 Td (or ) Tj ET Q q 0 0 0 rg BT 350.82 509.80 Td (qualified ) Tj ET Q q 0 0 0 rg BT 388.82 509.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 422.33 509.80 Td (income ) Tj ET Q q 0 0 0 rg BT 454.83 509.80 Td (as ) Tj ET Q q 0 0 0 rg BT 464.33 509.80 Td (described ) Tj ET Q q 0 0 0 rg BT 500.83 509.80 Td (in ) Tj ET Q q 0 0 0 rg BT 509.84 509.80 Td (more ) Tj ET Q q 0 0 0 rg BT 530.35 509.80 Td (detail ) Tj ET Q q 0 0 0 rg BT 552.35 509.80 Td (below) Tj ET Q q 0 0 0 rg BT 573.76 509.80 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 499.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.79 499.00 Td (the ) Tj ET Q q 0 0 0 rg BT 59.58 499.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 84.37 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 499.00 Td (our ) Tj ET Q q 0 0 0 rg BT 109.45 499.00 Td (current ) Tj ET Q q 0 0 0 rg BT 137.73 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 153.52 499.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 201.78 499.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 235.07 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 250.86 499.00 Td (profits, ) Tj ET Q q 0 0 0 rg BT 279.40 499.00 Td (as ) Tj ET Q q 0 0 0 rg BT 289.69 499.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 332.97 499.00 Td (under ) Tj ET Q q 0 0 0 rg BT 356.25 499.00 Td (United ) Tj ET Q q 0 0 0 rg BT 383.54 499.00 Td (States ) Tj ET Q q 0 0 0 rg BT 407.83 499.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 435.60 499.00 Td (income ) Tj ET Q q 0 0 0 rg BT 464.89 499.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 478.68 499.00 Td (principles. ) Tj ET Q q 0 0 0 rg BT 519.21 499.00 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 569.01 499.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 488.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 61.31 488.20 Td (of ) Tj ET Q q 0 0 0 rg BT 70.63 488.20 Td (our ) Tj ET Q q 0 0 0 rg BT 84.45 488.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 116.76 488.20 Td (and ) Tj ET Q q 0 0 0 rg BT 131.58 488.20 Td (profits ) Tj ET Q q 0 0 0 rg BT 156.90 488.20 Td (will ) Tj ET Q q 0 0 0 rg BT 172.72 488.20 Td (be ) Tj ET Q q 0 0 0 rg BT 183.03 488.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 209.34 488.20 Td (first ) Tj ET Q q 0 0 0 rg BT 225.66 488.20 Td (as ) Tj ET Q q 0 0 0 rg BT 234.98 488.20 Td (a ) Tj ET Q q 0 0 0 rg BT 240.79 488.20 Td (nontaxable ) Tj ET Q q 0 0 0 rg BT 282.10 488.20 Td (return ) Tj ET Q q 0 0 0 rg BT 305.41 488.20 Td (of ) Tj ET Q q 0 0 0 rg BT 314.73 488.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 340.54 488.20 Td (to ) Tj ET Q q 0 0 0 rg BT 349.36 488.20 Td (the ) Tj ET Q q 0 0 0 rg BT 362.18 488.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 385.99 488.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.31 488.20 Td (the ) Tj ET Q q 0 0 0 rg BT 408.12 488.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 425.95 488.20 Td (Holder) Tj ET Q q 0 0 0 rg BT 451.28 488.20 Td () Tj ET Q q 0 0 0 rg BT 453.78 488.20 Td (s ) Tj ET Q q 0 0 0 rg BT 459.10 488.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 471.92 488.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 491.74 488.20 Td (in ) Tj ET Q q 0 0 0 rg BT 500.56 488.20 Td (the ) Tj ET Q q 0 0 0 rg BT 513.38 488.20 Td (holder) Tj ET Q q 0 0 0 rg BT 536.70 488.20 Td () Tj ET Q q 0 0 0 rg BT 539.20 488.20 Td (s ) Tj ET Q q 0 0 0 rg BT 544.53 488.20 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 60.54 477.40 Td (on ) Tj ET Q q 0 0 0 rg BT 71.58 477.40 Td (a ) Tj ET Q q 0 0 0 rg BT 77.62 477.40 Td (dollar) Tj ET Q q 0 0 0 rg BT 98.44 477.40 Td (-for) Tj ET Q q 0 0 0 rg BT 111.75 477.40 Td (-dollar ) Tj ET Q q 0 0 0 rg BT 137.78 477.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 157.83 477.40 Td (and ) Tj ET Q q 0 0 0 rg BT 172.87 477.40 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 209.39 477.40 Td (as ) Tj ET Q q 0 0 0 rg BT 218.93 477.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.96 477.40 Td (gain. ) Tj ET Q q 0 0 0 rg BT 264.75 477.40 Td (Because ) Tj ET Q q 0 0 0 rg BT 296.78 477.40 Td (we ) Tj ET Q q 0 0 0 rg BT 309.32 477.40 Td (are ) Tj ET Q q 0 0 0 rg BT 322.35 477.40 Td (not ) Tj ET Q q 0 0 0 rg BT 335.90 477.40 Td (a ) Tj ET Q q 0 0 0 rg BT 341.94 477.40 Td (United ) Tj ET Q q 0 0 0 rg BT 368.48 477.40 Td (States ) Tj ET Q q 0 0 0 rg BT 392.02 477.40 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 437.81 477.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 455.86 477.40 Td (Holders ) Tj ET Q q 0 0 0 rg BT 486.40 477.40 Td (that ) Tj ET Q q 0 0 0 rg BT 501.94 477.40 Td (are ) Tj ET Q q 0 0 0 rg BT 514.97 477.40 Td (corporations ) Tj ET Q q 0 0 0 rg BT 562.00 477.40 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.60 Td (not ) Tj ET Q q 0 0 0 rg BT 49.20 466.60 Td (be ) Tj ET Q q 0 0 0 rg BT 59.40 466.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 88.10 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.80 466.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 118.50 466.60 Td (a ) Tj ET Q q 0 0 0 rg BT 124.20 466.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 160.90 466.60 Td (received ) Tj ET Q q 0 0 0 rg BT 193.08 466.60 Td (deduction ) Tj ET Q q 0 0 0 rg BT 230.27 466.60 Td (with ) Tj ET Q q 0 0 0 rg BT 247.98 466.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 275.17 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 283.87 466.60 Td (any ) Tj ET Q q 0 0 0 rg BT 298.57 466.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 345.28 466.60 Td (they ) Tj ET Q q 0 0 0 rg BT 362.48 466.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 390.16 466.60 Td (from ) Tj ET Q q 0 0 0 rg BT 409.36 466.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 421.31 466.60 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 460.01 466.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 477.21 466.60 Td (with ) Tj ET Q q 0 0 0 rg BT 494.92 466.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 522.11 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 530.81 466.60 Td (our ) Tj ET Q q 0 0 0 rg BT 544.51 466.60 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 60.89 455.80 Td (will ) Tj ET Q q 0 0 0 rg BT 77.28 455.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 113.16 455.80 Td (be ) Tj ET Q q 0 0 0 rg BT 124.05 455.80 Td (treated ) Tj ET Q q 0 0 0 rg BT 150.93 455.80 Td (as ) Tj ET Q q 0 0 0 rg BT 160.82 455.80 Td (passive ) Tj ET Q q 0 0 0 rg BT 193.70 455.80 Td (category ) Tj ET Q q 0 0 0 rg BT 227.08 455.80 Td (income ) Tj ET Q q 0 0 0 rg BT 259.96 455.80 Td (or) Tj ET Q q 0 0 0 rg BT 267.10 455.80 Td (, ) Tj ET Q q 0 0 0 rg BT 271.74 455.80 Td (in ) Tj ET Q q 0 0 0 rg BT 281.14 455.80 Td (the ) Tj ET Q q 0 0 0 rg BT 294.53 455.80 Td (case ) Tj ET Q q 0 0 0 rg BT 312.41 455.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.30 455.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 349.18 455.80 Td (types ) Tj ET Q q 0 0 0 rg BT 370.57 455.80 Td (of ) Tj ET Q q 0 0 0 rg BT 380.46 455.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 398.86 455.80 Td (Holders, ) Tj ET Q q 0 0 0 rg BT 432.00 455.80 Td (general ) Tj ET Q q 0 0 0 rg BT 464.87 455.80 Td (category ) Tj ET Q q 0 0 0 rg BT 498.25 455.80 Td (income ) Tj ET Q q 0 0 0 rg BT 531.13 455.80 Td (for ) Tj ET Q q 0 0 0 rg BT 544.02 455.80 Td (purposes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 445.00 Td (computing ) Tj ET Q q 0 0 0 rg BT 86.49 445.00 Td (allowable ) Tj ET Q q 0 0 0 rg BT 123.73 445.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 151.97 445.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.21 445.00 Td (credits ) Tj ET Q q 0 0 0 rg BT 191.45 445.00 Td (for ) Tj ET Q q 0 0 0 rg BT 204.20 445.00 Td (United ) Tj ET Q q 0 0 0 rg BT 230.94 445.00 Td (States ) Tj ET Q q 0 0 0 rg BT 254.69 445.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 282.93 445.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 296.17 445.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 318.91 445.00 Td (purposes.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.40 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 75.24 417.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 92.98 417.40 Td (on ) Tj ET Q q 0 0 0 rg BT 104.23 417.40 Td (our ) Tj ET Q q 0 0 0 rg BT 118.47 417.40 Td (common ) Tj ET Q q 0 0 0 rg BT 152.21 417.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 176.95 417.40 Td (to ) Tj ET Q q 0 0 0 rg BT 186.20 417.40 Td (a ) Tj ET Q q 0 0 0 rg BT 192.44 417.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 210.69 417.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 237.92 417.40 Td (who ) Tj ET Q q 0 0 0 rg BT 255.67 417.40 Td (is ) Tj ET Q q 0 0 0 rg BT 263.92 417.40 Td (an ) Tj ET Q q 0 0 0 rg BT 274.66 417.40 Td (individual, ) Tj ET Q q 0 0 0 rg BT 315.65 417.40 Td (trust ) Tj ET Q q 0 0 0 rg BT 333.90 417.40 Td (or ) Tj ET Q q 0 0 0 rg BT 343.64 417.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 366.37 417.40 Td (\(a ) Tj ET Q q 0 0 0 rg BT 375.61 417.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 397.85 417.40 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 454.58 417.40 Td (Holder\) ) Tj ET Q q 0 0 0 rg BT 488.81 417.40 Td (will ) Tj ET Q q 0 0 0 rg BT 505.06 417.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 540.79 417.40 Td (be ) Tj ET Q q 0 0 0 rg BT 551.53 417.40 Td (treated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.60 Td (as ) Tj ET Q q 0 0 0 rg BT 46.18 406.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 84.85 406.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 119.04 406.60 Td (income ) Tj ET Q q 0 0 0 rg BT 152.21 406.60 Td (that ) Tj ET Q q 0 0 0 rg BT 168.39 406.60 Td (is ) Tj ET Q q 0 0 0 rg BT 177.08 406.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 205.76 406.60 Td (to ) Tj ET Q q 0 0 0 rg BT 215.44 406.60 Td (such ) Tj ET Q q 0 0 0 rg BT 234.63 406.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 253.32 406.60 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 310.49 406.60 Td (Holders ) Tj ET Q q 0 0 0 rg BT 341.67 406.60 Td (at ) Tj ET Q q 0 0 0 rg BT 350.86 406.60 Td (preferential ) Tj ET Q q 0 0 0 rg BT 395.01 406.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 408.70 406.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 428.37 406.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 463.05 406.60 Td (that ) Tj ET Q q 0 0 0 rg BT 479.24 406.60 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 505.66 406.60 Td (common ) Tj ET Q q 0 0 0 rg BT 539.85 406.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 565.03 406.60 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.80 Td (readily ) Tj ET Q q 0 0 0 rg BT 62.74 395.80 Td (tradable ) Tj ET Q q 0 0 0 rg BT 93.48 395.80 Td (on ) Tj ET Q q 0 0 0 rg BT 104.23 395.80 Td (an ) Tj ET Q q 0 0 0 rg BT 114.48 395.80 Td (established ) Tj ET Q q 0 0 0 rg BT 156.22 395.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 191.96 395.80 Td (market ) Tj ET Q q 0 0 0 rg BT 218.70 395.80 Td (in ) Tj ET Q q 0 0 0 rg BT 227.46 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 240.21 395.80 Td (United ) Tj ET Q q 0 0 0 rg BT 266.45 395.80 Td (States ) Tj ET Q q 0 0 0 rg BT 289.71 395.80 Td (\(such ) Tj ET Q q 0 0 0 rg BT 310.95 395.80 Td (as ) Tj ET Q q 0 0 0 rg BT 320.20 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 332.95 395.80 Td (New ) Tj ET Q q 0 0 0 rg BT 351.44 395.80 Td (Y) Tj ET Q q 0 0 0 rg BT 357.04 395.80 Td (ork ) Tj ET Q q 0 0 0 rg BT 370.79 395.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 393.04 395.80 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 432.53 395.80 Td (on ) Tj ET Q q 0 0 0 rg BT 443.28 395.80 Td (which ) Tj ET Q q 0 0 0 rg BT 467.03 395.80 Td (our ) Tj ET Q q 0 0 0 rg BT 480.78 395.80 Td (common ) Tj ET Q q 0 0 0 rg BT 514.03 395.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 538.27 395.80 Td (are ) Tj ET Q q 0 0 0 rg BT 551.01 395.80 Td (listed\); ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (\(2\)we ) Tj ET Q q 0 0 0 rg BT 61.52 385.00 Td (are ) Tj ET Q q 0 0 0 rg BT 74.79 385.00 Td (not ) Tj ET Q q 0 0 0 rg BT 88.57 385.00 Td (a ) Tj ET Q q 0 0 0 rg BT 94.84 385.00 Td (passive ) Tj ET Q q 0 0 0 rg BT 123.62 385.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 151.89 385.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 193.66 385.00 Td (company ) Tj ET Q q 0 0 0 rg BT 228.93 385.00 Td (for ) Tj ET Q q 0 0 0 rg BT 241.71 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.98 385.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 283.25 385.00 Td (year ) Tj ET Q q 0 0 0 rg BT 301.02 385.00 Td (during ) Tj ET Q q 0 0 0 rg BT 326.79 385.00 Td (which ) Tj ET Q q 0 0 0 rg BT 351.07 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 364.35 385.00 Td (dividend ) Tj ET Q q 0 0 0 rg BT 398.12 385.00 Td (is ) Tj ET Q q 0 0 0 rg BT 406.41 385.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.18 385.00 Td (or ) Tj ET Q q 0 0 0 rg BT 433.96 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.24 385.00 Td (immediately ) Tj ET Q q 0 0 0 rg BT 494.50 385.00 Td (preceding ) Tj ET Q q 0 0 0 rg BT 532.27 385.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 560.53 385.00 Td (year ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (\(as ) Tj ET Q q 0 0 0 rg BT 48.47 374.20 Td (discussed ) Tj ET Q q 0 0 0 rg BT 84.94 374.20 Td (below\); ) Tj ET Q q 0 0 0 rg BT 114.40 374.20 Td (\(3\)the ) Tj ET Q q 0 0 0 rg BT 140.12 374.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 158.09 374.20 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 214.55 374.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 241.51 374.20 Td (has ) Tj ET Q q 0 0 0 rg BT 255.48 374.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 281.45 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 294.42 374.20 Td (common ) Tj ET Q q 0 0 0 rg BT 327.89 374.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 352.35 374.20 Td (for ) Tj ET Q q 0 0 0 rg BT 364.82 374.20 Td (more ) Tj ET Q q 0 0 0 rg BT 385.29 374.20 Td (than ) Tj ET Q q 0 0 0 rg BT 402.75 374.20 Td (60 ) Tj ET Q q 0 0 0 rg BT 413.73 374.20 Td (days ) Tj ET Q q 0 0 0 rg BT 432.20 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 441.17 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 454.14 374.20 Td (121-day ) Tj ET Q q 0 0 0 rg BT 485.60 374.20 Td (period ) Tj ET Q q 0 0 0 rg BT 510.57 374.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 548.54 374.20 Td (60 ) Tj ET Q q 0 0 0 rg BT 559.51 374.20 Td (days ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.40 Td (before ) Tj ET Q q 0 0 0 rg BT 60.64 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 73.30 363.40 Td (date ) Tj ET Q q 0 0 0 rg BT 89.95 363.40 Td (on ) Tj ET Q q 0 0 0 rg BT 100.61 363.40 Td (which ) Tj ET Q q 0 0 0 rg BT 124.26 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 136.92 363.40 Td (common ) Tj ET Q q 0 0 0 rg BT 170.07 363.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 194.23 363.40 Td (become ) Tj ET Q q 0 0 0 rg BT 223.87 363.40 Td (ex-dividend ) Tj ET Q q 0 0 0 rg BT 268.52 363.40 Td (\(and ) Tj ET Q q 0 0 0 rg BT 286.17 363.40 Td (has ) Tj ET Q q 0 0 0 rg BT 299.83 363.40 Td (not ) Tj ET Q q 0 0 0 rg BT 312.99 363.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 341.13 363.40 Td (into ) Tj ET Q q 0 0 0 rg BT 356.79 363.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.93 363.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 398.09 363.40 Td (limiting ) Tj ET Q q 0 0 0 rg BT 428.26 363.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 472.90 363.40 Td (with ) Tj ET Q q 0 0 0 rg BT 490.56 363.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 517.71 363.40 Td (to ) Tj ET Q q 0 0 0 rg BT 526.37 363.40 Td (such ) Tj ET Q q 0 0 0 rg BT 544.53 363.40 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.60 Td (share\); ) Tj ET Q q 0 0 0 rg BT 62.55 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 77.60 352.60 Td (\(4\)the ) Tj ET Q q 0 0 0 rg BT 103.40 352.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 121.47 352.60 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 178.01 352.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 205.07 352.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.13 352.60 Td (not ) Tj ET Q q 0 0 0 rg BT 226.69 352.60 Td (under ) Tj ET Q q 0 0 0 rg BT 249.24 352.60 Td (an ) Tj ET Q q 0 0 0 rg BT 259.80 352.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 298.36 352.60 Td (\(whether ) Tj ET Q q 0 0 0 rg BT 332.40 352.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 365.46 352.60 Td (to ) Tj ET Q q 0 0 0 rg BT 374.52 352.60 Td (a ) Tj ET Q q 0 0 0 rg BT 380.58 352.60 Td (short ) Tj ET Q q 0 0 0 rg BT 400.64 352.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 416.69 352.60 Td (or ) Tj ET Q q 0 0 0 rg BT 426.25 352.60 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 466.29 352.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.36 352.60 Td (make ) Tj ET Q q 0 0 0 rg BT 496.91 352.60 Td (related ) Tj ET Q q 0 0 0 rg BT 523.45 352.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 560.00 352.60 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 64.01 341.80 Td (to ) Tj ET Q q 0 0 0 rg BT 73.54 341.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 108.57 341.80 Td (in ) Tj ET Q q 0 0 0 rg BT 118.10 341.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 166.13 341.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 193.65 341.80 Td (related ) Tj ET Q q 0 0 0 rg BT 220.66 341.80 Td (property) Tj ET Q q 0 0 0 rg BT 250.57 341.80 Td (. ) Tj ET Q q 0 0 0 rg BT 255.16 341.80 Td (There ) Tj ET Q q 0 0 0 rg BT 278.67 341.80 Td (is ) Tj ET Q q 0 0 0 rg BT 287.20 341.80 Td (no ) Tj ET Q q 0 0 0 rg BT 298.73 341.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 336.24 341.80 Td (that ) Tj ET Q q 0 0 0 rg BT 352.26 341.80 Td (any ) Tj ET Q q 0 0 0 rg BT 367.79 341.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 405.31 341.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 423.33 341.80 Td (on ) Tj ET Q q 0 0 0 rg BT 434.86 341.80 Td (our ) Tj ET Q q 0 0 0 rg BT 449.39 341.80 Td (common ) Tj ET Q q 0 0 0 rg BT 483.41 341.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 508.43 341.80 Td (will ) Tj ET Q q 0 0 0 rg BT 524.96 341.80 Td (be ) Tj ET Q q 0 0 0 rg BT 535.98 341.80 Td (eligible ) Tj ET Q q 0 0 0 rg BT 565.50 341.80 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.00 Td (these ) Tj ET Q q 0 0 0 rg BT 56.74 331.00 Td (preferential ) Tj ET Q q 0 0 0 rg BT 100.46 331.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.71 331.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 132.95 331.00 Td (in ) Tj ET Q q 0 0 0 rg BT 142.20 331.00 Td (the ) Tj ET Q q 0 0 0 rg BT 155.44 331.00 Td (hands ) Tj ET Q q 0 0 0 rg BT 178.69 331.00 Td (of ) Tj ET Q q 0 0 0 rg BT 188.44 331.00 Td (a ) Tj ET Q q 0 0 0 rg BT 194.68 331.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 212.94 331.00 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 269.67 331.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 294.17 331.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 303.40 Td (Special ) Tj ET Q q 0 0 0 rg BT 64.79 303.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 84.58 303.40 Td (may ) Tj ET Q q 0 0 0 rg BT 102.37 303.40 Td (apply ) Tj ET Q q 0 0 0 rg BT 124.66 303.40 Td (to ) Tj ET Q q 0 0 0 rg BT 133.96 303.40 Td (any ) Tj ET Q q 0 0 0 rg BT 149.25 303.40 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 204.02 303.40 Td (dividend ) Tj ET Q q 0 0 0 rg BT 241.80 303.40 Td (generally) Tj ET Q q 0 0 0 rg BT 274.70 303.40 Td (, ) Tj ET Q q 0 0 0 rg BT 279.25 303.40 Td (a ) Tj ET Q q 0 0 0 rg BT 285.54 303.40 Td (dividend ) Tj ET Q q 0 0 0 rg BT 319.33 303.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 337.12 303.40 Td (by ) Tj ET Q q 0 0 0 rg BT 348.42 303.40 Td (us ) Tj ET Q q 0 0 0 rg BT 358.72 303.40 Td (in ) Tj ET Q q 0 0 0 rg BT 368.01 303.40 Td (an ) Tj ET Q q 0 0 0 rg BT 378.80 303.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 408.10 303.40 Td (which ) Tj ET Q q 0 0 0 rg BT 432.39 303.40 Td (is ) Tj ET Q q 0 0 0 rg BT 440.69 303.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 462.47 303.40 Td (to ) Tj ET Q q 0 0 0 rg BT 471.77 303.40 Td (or ) Tj ET Q q 0 0 0 rg BT 481.56 303.40 Td (in ) Tj ET Q q 0 0 0 rg BT 490.86 303.40 Td (excess ) Tj ET Q q 0 0 0 rg BT 516.64 303.40 Td (of ) Tj ET Q q 0 0 0 rg BT 526.44 303.40 Td (ten ) Tj ET Q q 0 0 0 rg BT 539.73 303.40 Td (percent ) Tj ET Q q 0 0 0 rg BT 568.51 303.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.60 Td (a ) Tj ET Q q 0 0 0 rg BT 42.36 292.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 60.73 292.60 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 117.59 292.60 Td (Holder) Tj ET Q q 0 0 0 rg BT 142.91 292.60 Td () Tj ET Q q 0 0 0 rg BT 145.41 292.60 Td (s ) Tj ET Q q 0 0 0 rg BT 151.28 292.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 183.64 292.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 197.01 292.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 217.37 292.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 230.23 292.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 245.09 292.60 Td (market ) Tj ET Q q 0 0 0 rg BT 272.45 292.60 Td (value ) Tj ET Q q 0 0 0 rg BT 294.30 292.60 Td (in ) Tj ET Q q 0 0 0 rg BT 303.67 292.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 330.52 292.60 Td (circumstances\) ) Tj ET Q q 0 0 0 rg BT 386.86 292.60 Td (in ) Tj ET Q q 0 0 0 rg BT 396.23 292.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.59 292.60 Td (share ) Tj ET Q q 0 0 0 rg BT 423.95 292.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.81 292.60 Td (common ) Tj ET Q q 0 0 0 rg BT 467.68 292.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 492.54 292.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 510.40 292.60 Td (by ) Tj ET Q q 0 0 0 rg BT 521.77 292.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 534.39 292.60 Td (In ) Tj ET Q q 0 0 0 rg BT 544.25 292.60 Td (addition, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.80 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 85.99 281.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 122.51 281.80 Td (include ) Tj ET Q q 0 0 0 rg BT 150.51 281.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 187.03 281.80 Td (received ) Tj ET Q q 0 0 0 rg BT 219.02 281.80 Td (within ) Tj ET Q q 0 0 0 rg BT 243.54 281.80 Td (a ) Tj ET Q q 0 0 0 rg BT 249.05 281.80 Td (one ) Tj ET Q q 0 0 0 rg BT 263.56 281.80 Td (year ) Tj ET Q q 0 0 0 rg BT 280.56 281.80 Td (period ) Tj ET Q q 0 0 0 rg BT 305.07 281.80 Td (that, ) Tj ET Q q 0 0 0 rg BT 322.33 281.80 Td (in ) Tj ET Q q 0 0 0 rg BT 330.85 281.80 Td (the ) Tj ET Q q 0 0 0 rg BT 343.36 281.80 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 382.10 281.80 Td (equal ) Tj ET Q q 0 0 0 rg BT 403.11 281.80 Td (or ) Tj ET Q q 0 0 0 rg BT 412.12 281.80 Td (exceed ) Tj ET Q q 0 0 0 rg BT 438.61 281.80 Td (20% ) Tj ET Q q 0 0 0 rg BT 456.63 281.80 Td (of ) Tj ET Q q 0 0 0 rg BT 465.64 281.80 Td (a ) Tj ET Q q 0 0 0 rg BT 471.15 281.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 488.67 281.80 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 544.67 281.80 Td (Holder) Tj ET Q q 0 0 0 rg BT 570.00 281.80 Td () Tj ET Q q 0 0 0 rg BT 572.50 281.80 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 271.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 67.55 271.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 80.11 271.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 99.67 271.00 Td (\(or ) Tj ET Q q 0 0 0 rg BT 111.73 271.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 125.78 271.00 Td (market ) Tj ET Q q 0 0 0 rg BT 152.32 271.00 Td (value ) Tj ET Q q 0 0 0 rg BT 173.38 271.00 Td (in ) Tj ET Q q 0 0 0 rg BT 181.94 271.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 207.98 271.00 Td (circumstances\). ) Tj ET Q q 0 0 0 rg BT 265.76 271.00 Td (If ) Tj ET Q q 0 0 0 rg BT 273.32 271.00 Td (we ) Tj ET Q q 0 0 0 rg BT 285.38 271.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 299.93 271.00 Td (an ) Tj ET Q q 0 0 0 rg BT 309.99 271.00 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 364.02 271.00 Td (dividend ) Tj ET Q q 0 0 0 rg BT 401.07 271.00 Td (on ) Tj ET Q q 0 0 0 rg BT 411.63 271.00 Td (our ) Tj ET Q q 0 0 0 rg BT 425.19 271.00 Td (common ) Tj ET Q q 0 0 0 rg BT 458.25 271.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 482.30 271.00 Td (that ) Tj ET Q q 0 0 0 rg BT 497.35 271.00 Td (is ) Tj ET Q q 0 0 0 rg BT 504.92 271.00 Td (treated ) Tj ET Q q 0 0 0 rg BT 530.96 271.00 Td (as ) Tj ET Q q 0 0 0 rg BT 540.02 271.00 Td (qualified ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 69.41 260.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 104.06 260.20 Td (then ) Tj ET Q q 0 0 0 rg BT 121.46 260.20 Td (any ) Tj ET Q q 0 0 0 rg BT 136.37 260.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 152.29 260.20 Td (derived ) Tj ET Q q 0 0 0 rg BT 181.19 260.20 Td (by ) Tj ET Q q 0 0 0 rg BT 192.10 260.20 Td (a ) Tj ET Q q 0 0 0 rg BT 198.01 260.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 215.93 260.20 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 272.32 260.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 299.23 260.20 Td (from ) Tj ET Q q 0 0 0 rg BT 318.63 260.20 Td (the ) Tj ET Q q 0 0 0 rg BT 331.54 260.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 347.45 260.20 Td (or ) Tj ET Q q 0 0 0 rg BT 356.85 260.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 392.75 260.20 Td (of ) Tj ET Q q 0 0 0 rg BT 402.16 260.20 Td (such ) Tj ET Q q 0 0 0 rg BT 420.57 260.20 Td (common ) Tj ET Q q 0 0 0 rg BT 453.97 260.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 478.38 260.20 Td (will ) Tj ET Q q 0 0 0 rg BT 494.29 260.20 Td (be ) Tj ET Q q 0 0 0 rg BT 504.70 260.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 531.09 260.20 Td (as ) Tj ET Q q 0 0 0 rg BT 540.50 260.20 Td (long-term ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 249.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 62.24 249.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 78.49 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 87.74 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.99 249.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 125.23 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 134.97 249.40 Td (such ) Tj ET Q q 0 0 0 rg BT 153.72 249.40 Td (dividend.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 221.80 Td (Sale, ) Tj ET Q q 0 0 0 rg BT 56.50 221.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 96.25 221.80 Td (or ) Tj ET Q q 0 0 0 rg BT 106.51 221.80 Td (other ) Tj ET Q q 0 0 0 rg BT 128.26 221.80 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 172.52 221.80 Td (of ) Tj ET Q q 0 0 0 rg BT 182.27 221.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 218.53 221.80 Td (Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.00 Td (Subject ) Tj ET Q q 0 0 0 rg BT 64.44 208.00 Td (to ) Tj ET Q q 0 0 0 rg BT 72.89 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.33 208.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 124.28 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 133.22 208.00 Td (passive ) Tj ET Q q 0 0 0 rg BT 161.16 208.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 188.60 208.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 229.54 208.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 269.47 208.00 Td (below) Tj ET Q q 0 0 0 rg BT 290.88 208.00 Td (, ) Tj ET Q q 0 0 0 rg BT 294.57 208.00 Td (a ) Tj ET Q q 0 0 0 rg BT 300.01 208.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 317.47 208.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 343.90 208.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 378.83 208.00 Td (will ) Tj ET Q q 0 0 0 rg BT 394.28 208.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 430.70 208.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 458.13 208.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 475.07 208.00 Td (or ) Tj ET Q q 0 0 0 rg BT 484.01 208.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 499.46 208.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 518.91 208.00 Td (a ) Tj ET Q q 0 0 0 rg BT 524.35 208.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 542.04 208.00 Td (exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.20 Td (or ) Tj ET Q q 0 0 0 rg BT 45.22 197.20 Td (other ) Tj ET Q q 0 0 0 rg BT 65.44 197.20 Td (disposition ) Tj ET Q q 0 0 0 rg BT 106.67 197.20 Td (of ) Tj ET Q q 0 0 0 rg BT 115.89 197.20 Td (our ) Tj ET Q q 0 0 0 rg BT 129.61 197.20 Td (common ) Tj ET Q q 0 0 0 rg BT 162.83 197.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.04 197.20 Td (in ) Tj ET Q q 0 0 0 rg BT 195.77 197.20 Td (an ) Tj ET Q q 0 0 0 rg BT 205.98 197.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 234.70 197.20 Td (equal ) Tj ET Q q 0 0 0 rg BT 255.92 197.20 Td (to ) Tj ET Q q 0 0 0 rg BT 264.64 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 277.36 197.20 Td (dif) Tj ET Q q 0 0 0 rg BT 287.20 197.20 Td (ference ) Tj ET Q q 0 0 0 rg BT 315.39 197.20 Td (between ) Tj ET Q q 0 0 0 rg BT 347.10 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 359.82 197.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 388.54 197.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 418.74 197.20 Td (by ) Tj ET Q q 0 0 0 rg BT 429.46 197.20 Td (the ) Tj ET Q q 0 0 0 rg BT 442.18 197.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 459.91 197.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 486.62 197.20 Td (from ) Tj ET Q q 0 0 0 rg BT 505.84 197.20 Td (such ) Tj ET Q q 0 0 0 rg BT 524.06 197.20 Td (sale, ) Tj ET Q q 0 0 0 rg BT 542.03 197.20 Td (exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 45.99 186.40 Td (other ) Tj ET Q q 0 0 0 rg BT 66.97 186.40 Td (disposition ) Tj ET Q q 0 0 0 rg BT 108.97 186.40 Td (and ) Tj ET Q q 0 0 0 rg BT 124.45 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 137.94 186.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 156.44 186.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 181.76 186.40 Td () Tj ET Q q 0 0 0 rg BT 184.26 186.40 Td (s ) Tj ET Q q 0 0 0 rg BT 190.25 186.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.74 186.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 224.23 186.40 Td (in ) Tj ET Q q 0 0 0 rg BT 233.72 186.40 Td (such ) Tj ET Q q 0 0 0 rg BT 252.71 186.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.51 186.40 Td (The ) Tj ET Q q 0 0 0 rg BT 293.99 186.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 312.49 186.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 337.82 186.40 Td () Tj ET Q q 0 0 0 rg BT 340.32 186.40 Td (s ) Tj ET Q q 0 0 0 rg BT 346.31 186.40 Td (initial ) Tj ET Q q 0 0 0 rg BT 369.80 186.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.28 186.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 403.77 186.40 Td (in ) Tj ET Q q 0 0 0 rg BT 413.27 186.40 Td (its ) Tj ET Q q 0 0 0 rg BT 424.26 186.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 449.24 186.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 485.21 186.40 Td (will ) Tj ET Q q 0 0 0 rg BT 501.71 186.40 Td (be ) Tj ET Q q 0 0 0 rg BT 512.69 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.18 186.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 544.67 186.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 570.00 186.40 Td () Tj ET Q q 0 0 0 rg BT 572.50 186.40 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 70.28 175.60 Td (price ) Tj ET Q q 0 0 0 rg BT 90.56 175.60 Td (for ) Tj ET Q q 0 0 0 rg BT 103.34 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.63 175.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 141.42 175.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.70 175.60 Td (that ) Tj ET Q q 0 0 0 rg BT 172.49 175.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 185.78 175.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 206.07 175.60 Td (will ) Tj ET Q q 0 0 0 rg BT 222.37 175.60 Td (be ) Tj ET Q q 0 0 0 rg BT 233.15 175.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 263.93 175.60 Td (\(but ) Tj ET Q q 0 0 0 rg BT 280.72 175.60 Td (no ) Tj ET Q q 0 0 0 rg BT 292.01 175.60 Td (below ) Tj ET Q q 0 0 0 rg BT 316.30 175.60 Td (zero\) ) Tj ET Q q 0 0 0 rg BT 337.08 175.60 Td (by ) Tj ET Q q 0 0 0 rg BT 348.37 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.66 175.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.95 175.60 Td (of ) Tj ET Q q 0 0 0 rg BT 400.74 175.60 Td (any ) Tj ET Q q 0 0 0 rg BT 416.02 175.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 463.32 175.60 Td (on ) Tj ET Q q 0 0 0 rg BT 474.61 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.90 175.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 512.69 175.60 Td (that ) Tj ET Q q 0 0 0 rg BT 528.47 175.60 Td (are ) Tj ET Q q 0 0 0 rg BT 541.75 175.60 Td (treated ) Tj ET Q q 0 0 0 rg BT 568.53 175.60 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.80 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 80.78 164.80 Td (returns ) Tj ET Q q 0 0 0 rg BT 108.07 164.80 Td (of ) Tj ET Q q 0 0 0 rg BT 117.87 164.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 144.15 164.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 156.95 164.80 Td (discussed ) Tj ET Q q 0 0 0 rg BT 193.74 164.80 Td (above ) Tj ET Q q 0 0 0 rg BT 217.53 164.80 Td (under ) Tj ET Q q 0 0 0 rg BT 240.32 164.80 Td (United ) Tj ET Q q 0 0 0 rg BT 280.11 164.80 Td (States ) Tj ET Q q 0 0 0 rg BT 303.91 164.80 Td (Federal ) Tj ET Q q 0 0 0 rg BT 333.20 164.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 362.32 164.80 Td (T) Tj ET Q q 0 0 0 rg BT 367.18 164.80 Td (axation ) Tj ET Q q 0 0 0 rg BT 395.97 164.80 Td (of ) Tj ET Q q 0 0 0 rg BT 405.77 164.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 424.07 164.80 Td (Holders-Distributions\). ) Tj ET Q q 0 0 0 rg BT 514.11 164.80 Td (Such ) Tj ET Q q 0 0 0 rg BT 534.41 164.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.20 164.80 Td (or ) Tj ET Q q 0 0 0 rg BT 562.00 164.80 Td (loss ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 154.00 Td (will ) Tj ET Q q 0 0 0 rg BT 52.56 154.00 Td (be ) Tj ET Q q 0 0 0 rg BT 63.61 154.00 Td (treated ) Tj ET Q q 0 0 0 rg BT 90.65 154.00 Td (as ) Tj ET Q q 0 0 0 rg BT 100.70 154.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 138.75 154.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 165.29 154.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 183.34 154.00 Td (or ) Tj ET Q q 0 0 0 rg BT 193.40 154.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 209.96 154.00 Td (if ) Tj ET Q q 0 0 0 rg BT 218.01 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.56 154.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 250.13 154.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 275.45 154.00 Td () Tj ET Q q 0 0 0 rg BT 277.95 154.00 Td (s ) Tj ET Q q 0 0 0 rg BT 284.01 154.00 Td (holding ) Tj ET Q q 0 0 0 rg BT 314.07 154.00 Td (period ) Tj ET Q q 0 0 0 rg BT 339.62 154.00 Td (is ) Tj ET Q q 0 0 0 rg BT 348.18 154.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 375.71 154.00 Td (than ) Tj ET Q q 0 0 0 rg BT 393.76 154.00 Td (one ) Tj ET Q q 0 0 0 rg BT 409.31 154.00 Td (year ) Tj ET Q q 0 0 0 rg BT 427.36 154.00 Td (at ) Tj ET Q q 0 0 0 rg BT 436.41 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 449.96 154.00 Td (time ) Tj ET Q q 0 0 0 rg BT 468.51 154.00 Td (of ) Tj ET Q q 0 0 0 rg BT 478.57 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.12 154.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 510.92 154.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 547.45 154.00 Td (or ) Tj ET Q q 0 0 0 rg BT 557.51 154.00 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 143.20 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 79.88 143.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 100.00 143.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 126.10 143.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 143.72 143.20 Td (or ) Tj ET Q q 0 0 0 rg BT 153.34 143.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 169.46 143.20 Td (will ) Tj ET Q q 0 0 0 rg BT 185.58 143.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 221.19 143.20 Td (be ) Tj ET Q q 0 0 0 rg BT 231.80 143.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 258.41 143.20 Td (as ) Tj ET Q q 0 0 0 rg BT 268.02 143.20 Td (United ) Tj ET Q q 0 0 0 rg BT 294.64 143.20 Td (States ) Tj ET Q q 0 0 0 rg BT 318.26 143.20 Td (source ) Tj ET Q q 0 0 0 rg BT 343.87 143.20 Td (income ) Tj ET Q q 0 0 0 rg BT 372.48 143.20 Td (or ) Tj ET Q q 0 0 0 rg BT 382.10 143.20 Td (loss, ) Tj ET Q q 0 0 0 rg BT 400.47 143.20 Td (as ) Tj ET Q q 0 0 0 rg BT 410.09 143.20 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 451.44 143.20 Td (for ) Tj ET Q q 0 0 0 rg BT 464.05 143.20 Td (United ) Tj ET Q q 0 0 0 rg BT 490.67 143.20 Td (States ) Tj ET Q q 0 0 0 rg BT 514.29 143.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 542.40 143.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 555.51 143.20 Td (credit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 132.40 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 72.00 132.40 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 132.40 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 132.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 98.51 132.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 123.83 132.40 Td () Tj ET Q q 0 0 0 rg BT 126.33 132.40 Td (s ) Tj ET Q q 0 0 0 rg BT 132.09 132.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 157.33 132.40 Td (to ) Tj ET Q q 0 0 0 rg BT 166.58 132.40 Td (deduct ) Tj ET Q q 0 0 0 rg BT 192.82 132.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 219.06 132.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 242.81 132.40 Td (is ) Tj ET Q q 0 0 0 rg BT 251.06 132.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 278.81 132.40 Td (to ) Tj ET Q q 0 0 0 rg BT 288.06 132.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.79 132.40 Td (limitations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 104.80 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 57.00 104.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.67 104.80 Td (ax ) Tj ET Q q 0 0 0 rg BT 72.92 104.80 Td (on ) Tj ET Q q 0 0 0 rg BT 84.67 104.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 99.92 104.80 Td (Investment ) Tj ET Q q 0 0 0 rg BT 143.17 104.80 Td (Income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 91.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 63.96 91.00 Td (U.S ) Tj ET Q q 0 0 0 rg BT 79.19 91.00 Td (Holders, ) Tj ET Q q 0 0 0 rg BT 111.40 91.00 Td (including ) Tj ET Q q 0 0 0 rg BT 146.87 91.00 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 190.59 91.00 Td (estates ) Tj ET Q q 0 0 0 rg BT 216.05 91.00 Td (and ) Tj ET Q q 0 0 0 rg BT 230.51 91.00 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 253.73 91.00 Td (will ) Tj ET Q q 0 0 0 rg BT 269.20 91.00 Td (be ) Tj ET Q q 0 0 0 rg BT 279.17 91.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 306.13 91.00 Td (to ) Tj ET Q q 0 0 0 rg BT 314.60 91.00 Td (an ) Tj ET Q q 0 0 0 rg BT 324.57 91.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 362.03 91.00 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 382.25 91.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.71 91.00 Td (on ) Tj ET Q q 0 0 0 rg BT 405.18 91.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.65 91.00 Td (lesser ) Tj ET Q q 0 0 0 rg BT 439.61 91.00 Td (of ) Tj ET Q q 0 0 0 rg BT 448.58 91.00 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 473.79 91.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 491.26 91.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 516.59 91.00 Td () Tj ET Q q 0 0 0 rg BT 519.09 91.00 Td (s ) Tj ET Q q 0 0 0 rg BT 524.06 91.00 Td (net ) Tj ET Q q 0 0 0 rg BT 536.53 91.00 Td (investment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 80.20 Td (income ) Tj ET Q q 0 0 0 rg BT 64.60 80.20 Td (for ) Tj ET Q q 0 0 0 rg BT 77.20 80.20 Td (the ) Tj ET Q q 0 0 0 rg BT 90.31 80.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 118.40 80.20 Td (year ) Tj ET Q q 0 0 0 rg BT 136.00 80.20 Td (and ) Tj ET Q q 0 0 0 rg BT 151.10 80.20 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 176.95 80.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 202.55 80.20 Td (of ) Tj ET Q q 0 0 0 rg BT 212.15 80.20 Td (the ) Tj ET Q q 0 0 0 rg BT 225.26 80.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 243.37 80.20 Td (Holder) Tj ET Q q 0 0 0 rg BT 268.70 80.20 Td () Tj ET Q q 0 0 0 rg BT 271.20 80.20 Td (s ) Tj ET Q q 0 0 0 rg BT 276.81 80.20 Td (modified ) Tj ET Q q 0 0 0 rg BT 311.41 80.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 343.52 80.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 364.63 80.20 Td (income ) Tj ET Q q 0 0 0 rg BT 393.23 80.20 Td (for ) Tj ET Q q 0 0 0 rg BT 405.83 80.20 Td (the ) Tj ET Q q 0 0 0 rg BT 418.94 80.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 447.03 80.20 Td (year ) Tj ET Q q 0 0 0 rg BT 464.63 80.20 Td (over ) Tj ET Q q 0 0 0 rg BT 482.73 80.20 Td (a ) Tj ET Q q 0 0 0 rg BT 488.83 80.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 515.42 80.20 Td (threshold ) Tj ET Q q 0 0 0 rg BT 551.03 80.20 Td (\(which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 69.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.51 69.40 Td (the ) Tj ET Q q 0 0 0 rg BT 59.01 69.40 Td (case ) Tj ET Q q 0 0 0 rg BT 77.00 69.40 Td (of ) Tj ET Q q 0 0 0 rg BT 87.00 69.40 Td (individuals ) Tj ET Q q 0 0 0 rg BT 129.51 69.40 Td (is ) Tj ET Q q 0 0 0 rg BT 138.02 69.40 Td (between ) Tj ET Q q 0 0 0 rg BT 170.51 69.40 Td ($125,000 ) Tj ET Q q 0 0 0 rg BT 206.76 69.40 Td (and ) Tj ET Q q 0 0 0 rg BT 222.26 69.40 Td ($250,000\). ) Tj ET Q q 0 0 0 rg BT 263.21 69.40 Td (A) Tj ET Q q 0 0 0 rg BT 269.22 69.40 Td ( ) Tj ET Q q 0 0 0 rg BT 271.72 69.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 290.23 69.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 317.73 69.40 Td (that ) Tj ET Q q 0 0 0 rg BT 333.73 69.40 Td (is ) Tj ET Q q 0 0 0 rg BT 342.24 69.40 Td (an ) Tj ET Q q 0 0 0 rg BT 353.24 69.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 376.23 69.40 Td (or ) Tj ET Q q 0 0 0 rg BT 386.24 69.40 Td (a ) Tj ET Q q 0 0 0 rg BT 392.74 69.40 Td (trust ) Tj ET Q q 0 0 0 rg BT 411.24 69.40 Td (will ) Tj ET Q q 0 0 0 rg BT 427.75 69.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.74 69.40 Td (be ) Tj ET Q q 0 0 0 rg BT 474.74 69.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 502.74 69.40 Td (to ) Tj ET Q q 0 0 0 rg BT 512.24 69.40 Td (a ) Tj ET Q q 0 0 0 rg BT 518.74 69.40 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 540.00 69.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 553.50 69.40 Td (on ) Tj ET Q q 0 0 0 rg BT 565.00 69.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.60 Td (lesser ) Tj ET Q q 0 0 0 rg BT 58.85 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 68.71 58.60 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 94.81 58.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 113.18 58.60 Td (Holder) Tj ET Q q 0 0 0 rg BT 138.51 58.60 Td () Tj ET Q q 0 0 0 rg BT 141.01 58.60 Td (s ) Tj ET Q q 0 0 0 rg BT 146.87 58.60 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 196.73 58.60 Td (net ) Tj ET Q q 0 0 0 rg BT 210.09 58.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.94 58.60 Td (income ) Tj ET Q q 0 0 0 rg BT 280.80 58.60 Td (for ) Tj ET Q q 0 0 0 rg BT 293.65 58.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.01 58.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 335.36 58.60 Td (year ) Tj ET Q q 0 0 0 rg BT 353.21 58.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.56 58.60 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 394.67 58.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 420.52 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.38 58.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.73 58.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 462.10 58.60 Td (Holder) Tj ET Q q 0 0 0 rg BT 487.43 58.60 Td () Tj ET Q q 0 0 0 rg BT 489.93 58.60 Td (s ) Tj ET Q q 0 0 0 rg BT 495.79 58.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 528.15 58.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 549.51 58.60 Td (income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.80 Td (for ) Tj ET Q q 0 0 0 rg BT 48.96 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 62.41 47.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 90.86 47.80 Td (year ) Tj ET Q q 0 0 0 rg BT 108.81 47.80 Td (over ) Tj ET Q q 0 0 0 rg BT 127.26 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.72 47.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 164.17 47.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.63 47.80 Td (at ) Tj ET Q q 0 0 0 rg BT 202.59 47.80 Td (which ) Tj ET Q q 0 0 0 rg BT 227.04 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 240.50 47.80 Td (highest ) Tj ET Q q 0 0 0 rg BT 268.96 47.80 Td (income ) Tj ET Q q 0 0 0 rg BT 297.91 47.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.37 47.80 Td (bracket ) Tj ET Q q 0 0 0 rg BT 340.31 47.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 379.76 47.80 Td (to ) Tj ET Q q 0 0 0 rg BT 389.22 47.80 Td (an ) Tj ET Q q 0 0 0 rg BT 400.17 47.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 423.12 47.80 Td (or ) Tj ET Q q 0 0 0 rg BT 433.08 47.80 Td (trust ) Tj ET Q q 0 0 0 rg BT 451.55 47.80 Td (begins ) Tj ET Q q 0 0 0 rg BT 477.50 47.80 Td (for ) Tj ET Q q 0 0 0 rg BT 490.46 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.92 47.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 532.36 47.80 Td (year) Tj ET Q q 0 0 0 rg BT 547.35 47.80 Td (. ) Tj ET Q q 0 0 0 rg BT 551.52 47.80 Td (A) Tj ET Q q 0 0 0 rg BT 557.53 47.80 Td ( ) Tj ET Q q 0 0 0 rg BT 559.99 47.80 Td (U.S. ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Holder) Tj ET Q q 0 0 0 rg BT 61.33 749.80 Td () Tj ET Q q 0 0 0 rg BT 63.83 749.80 Td (s ) Tj ET Q q 0 0 0 rg BT 69.70 749.80 Td (net ) Tj ET Q q 0 0 0 rg BT 83.07 749.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 124.93 749.80 Td (income ) Tj ET Q q 0 0 0 rg BT 153.79 749.80 Td (will ) Tj ET Q q 0 0 0 rg BT 170.16 749.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 206.02 749.80 Td (include ) Tj ET Q q 0 0 0 rg BT 234.88 749.80 Td (distributions ) Tj ET Q q 0 0 0 rg BT 282.25 749.80 Td (made ) Tj ET Q q 0 0 0 rg BT 304.11 749.80 Td (by ) Tj ET Q q 0 0 0 rg BT 315.49 749.80 Td (us ) Tj ET Q q 0 0 0 rg BT 325.86 749.80 Td (which ) Tj ET Q q 0 0 0 rg BT 350.23 749.80 Td (constitute ) Tj ET Q q 0 0 0 rg BT 387.59 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 393.96 749.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 427.82 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 440.69 749.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 459.06 749.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 486.41 749.80 Td (income ) Tj ET Q q 0 0 0 rg BT 515.27 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 528.64 749.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 563.01 749.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 53.75 739.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 84.47 739.00 Td (from ) Tj ET Q q 0 0 0 rg BT 104.22 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 117.46 739.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 135.95 739.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 172.18 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 181.93 739.00 Td (other ) Tj ET Q q 0 0 0 rg BT 202.67 739.00 Td (disposition ) Tj ET Q q 0 0 0 rg BT 244.43 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 254.18 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 268.42 739.00 Td (shares. ) Tj ET Q q 0 0 0 rg BT 295.25 739.00 Td (This ) Tj ET Q q 0 0 0 rg BT 313.50 739.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 326.75 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 335.00 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 344.25 739.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 376.00 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 385.25 739.00 Td (any ) Tj ET Q q 0 0 0 rg BT 400.49 739.00 Td (income ) Tj ET Q q 0 0 0 rg BT 429.23 739.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 449.97 739.00 Td (due ) Tj ET Q q 0 0 0 rg BT 465.22 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 476.47 739.00 Td (such ) Tj ET Q q 0 0 0 rg BT 495.22 739.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 536.96 739.00 Td (income.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.08 725.20 Td (you ) Tj ET Q q 0 0 0 rg BT 59.67 725.20 Td (are ) Tj ET Q q 0 0 0 rg BT 72.75 725.20 Td (a ) Tj ET Q q 0 0 0 rg BT 78.83 725.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 96.93 725.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 124.01 725.20 Td (that ) Tj ET Q q 0 0 0 rg BT 139.60 725.20 Td (is ) Tj ET Q q 0 0 0 rg BT 147.69 725.20 Td (an ) Tj ET Q q 0 0 0 rg BT 158.27 725.20 Td (individual, ) Tj ET Q q 0 0 0 rg BT 199.11 725.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 221.69 725.20 Td (or ) Tj ET Q q 0 0 0 rg BT 231.27 725.20 Td (trust, ) Tj ET Q q 0 0 0 rg BT 251.61 725.20 Td (you ) Tj ET Q q 0 0 0 rg BT 267.20 725.20 Td (are ) Tj ET Q q 0 0 0 rg BT 280.28 725.20 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 323.85 725.20 Td (to ) Tj ET Q q 0 0 0 rg BT 332.94 725.20 Td (consult ) Tj ET Q q 0 0 0 rg BT 361.02 725.20 Td (your ) Tj ET Q q 0 0 0 rg BT 379.61 725.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.70 725.20 Td (advisors ) Tj ET Q q 0 0 0 rg BT 424.78 725.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 461.36 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 474.44 725.20 Td (applicability ) Tj ET Q q 0 0 0 rg BT 521.52 725.20 Td (of ) Tj ET Q q 0 0 0 rg BT 531.10 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 544.19 725.20 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 565.03 725.20 Td (tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.40 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 714.40 Td (net ) Tj ET Q q 0 0 0 rg BT 60.50 714.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 102.24 714.40 Td (income ) Tj ET Q q 0 0 0 rg BT 130.98 714.40 Td (to ) Tj ET Q q 0 0 0 rg BT 140.23 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 153.47 714.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 193.22 714.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.46 714.40 Td (disposition ) Tj ET Q q 0 0 0 rg BT 250.22 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 259.97 714.40 Td (our ) Tj ET Q q 0 0 0 rg BT 274.21 714.40 Td (common ) Tj ET Q q 0 0 0 rg BT 307.96 714.40 Td (shares.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 686.80 Td (Passive ) Tj ET Q q 0 0 0 rg BT 65.74 686.80 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 98.00 686.80 Td (Investment ) Tj ET Q q 0 0 0 rg BT 141.25 686.80 Td (Company) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 673.00 Td (Special ) Tj ET Q q 0 0 0 rg BT 64.48 673.00 Td (United ) Tj ET Q q 0 0 0 rg BT 90.96 673.00 Td (States ) Tj ET Q q 0 0 0 rg BT 114.44 673.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 141.40 673.00 Td (income ) Tj ET Q q 0 0 0 rg BT 169.88 673.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 182.86 673.00 Td (rules ) Tj ET Q q 0 0 0 rg BT 202.34 673.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 224.32 673.00 Td (to ) Tj ET Q q 0 0 0 rg BT 233.31 673.00 Td (a ) Tj ET Q q 0 0 0 rg BT 239.29 673.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 257.28 673.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 284.25 673.00 Td (that ) Tj ET Q q 0 0 0 rg BT 299.73 673.00 Td (holds ) Tj ET Q q 0 0 0 rg BT 321.22 673.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 342.21 673.00 Td (in ) Tj ET Q q 0 0 0 rg BT 351.19 673.00 Td (a ) Tj ET Q q 0 0 0 rg BT 357.17 673.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 385.15 673.00 Td (corporation ) Tj ET Q q 0 0 0 rg BT 428.62 673.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 464.59 673.00 Td (as ) Tj ET Q q 0 0 0 rg BT 474.07 673.00 Td (a ) Tj ET Q q 0 0 0 rg BT 480.05 673.00 Td (passive ) Tj ET Q q 0 0 0 rg BT 508.53 673.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 536.50 673.00 Td (investment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 662.20 Td (company) Tj ET Q q 0 0 0 rg BT 68.41 662.20 Td (, ) Tj ET Q q 0 0 0 rg BT 73.20 662.20 Td (or ) Tj ET Q q 0 0 0 rg BT 83.23 662.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 104.78 662.20 Td (for ) Tj ET Q q 0 0 0 rg BT 117.82 662.20 Td (United ) Tj ET Q q 0 0 0 rg BT 144.85 662.20 Td (States ) Tj ET Q q 0 0 0 rg BT 168.89 662.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 196.41 662.20 Td (income ) Tj ET Q q 0 0 0 rg BT 225.44 662.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 238.97 662.20 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 275.76 662.20 Td (In ) Tj ET Q q 0 0 0 rg BT 285.80 662.20 Td (general, ) Tj ET Q q 0 0 0 rg BT 317.07 662.20 Td (a ) Tj ET Q q 0 0 0 rg BT 323.60 662.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 352.13 662.20 Td (corporation ) Tj ET Q q 0 0 0 rg BT 396.16 662.20 Td (will ) Tj ET Q q 0 0 0 rg BT 412.70 662.20 Td (be ) Tj ET Q q 0 0 0 rg BT 423.73 662.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 450.76 662.20 Td (as ) Tj ET Q q 0 0 0 rg BT 460.79 662.20 Td (a ) Tj ET Q q 0 0 0 rg BT 467.33 662.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 488.88 662.20 Td (with ) Tj ET Q q 0 0 0 rg BT 507.42 662.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 535.44 662.20 Td (to ) Tj ET Q q 0 0 0 rg BT 544.98 662.20 Td (a ) Tj ET Q q 0 0 0 rg BT 551.52 662.20 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 651.40 Td (States ) Tj ET Q q 0 0 0 rg BT 59.75 651.40 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 103.98 651.40 Td (in ) Tj ET Q q 0 0 0 rg BT 113.23 651.40 Td (such ) Tj ET Q q 0 0 0 rg BT 131.98 651.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 160.22 651.40 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 206.20 651.40 Td (if, ) Tj ET Q q 0 0 0 rg BT 216.20 651.40 Td (for ) Tj ET Q q 0 0 0 rg BT 228.94 651.40 Td (any ) Tj ET Q q 0 0 0 rg BT 244.19 651.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 272.42 651.40 Td (year ) Tj ET Q q 0 0 0 rg BT 290.16 651.40 Td (in ) Tj ET Q q 0 0 0 rg BT 299.41 651.40 Td (which ) Tj ET Q q 0 0 0 rg BT 323.65 651.40 Td (such ) Tj ET Q q 0 0 0 rg BT 342.40 651.40 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 386.63 651.40 Td (holds ) Tj ET Q q 0 0 0 rg BT 408.38 651.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 429.63 651.40 Td (in ) Tj ET Q q 0 0 0 rg BT 438.88 651.40 Td (such ) Tj ET Q q 0 0 0 rg BT 457.63 651.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 485.87 651.40 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 531.85 651.40 Td (either:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 637.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 637.60 Td (at ) Tj ET Q q 0 0 0 rg BT 71.56 637.60 Td (least ) Tj ET Q q 0 0 0 rg BT 90.12 637.60 Td (75 ) Tj ET Q q 0 0 0 rg BT 101.18 637.60 Td (percent ) Tj ET Q q 0 0 0 rg BT 129.73 637.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.29 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.35 637.60 Td (corporation) Tj ET Q q 0 0 0 rg BT 196.33 637.60 Td (s ) Tj ET Q q 0 0 0 rg BT 201.90 637.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 222.97 637.60 Td (income ) Tj ET Q q 0 0 0 rg BT 251.52 637.60 Td (for ) Tj ET Q q 0 0 0 rg BT 264.08 637.60 Td (such ) Tj ET Q q 0 0 0 rg BT 282.64 637.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 310.69 637.60 Td (year ) Tj ET Q q 0 0 0 rg BT 328.24 637.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 358.81 637.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.37 637.60 Td (passive ) Tj ET Q q 0 0 0 rg BT 396.93 637.60 Td (income ) Tj ET Q q 0 0 0 rg BT 425.48 637.60 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 445.79 637.60 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 485.10 637.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 515.91 637.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 541.96 637.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 563.02 637.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 626.80 Td (rents ) Tj ET Q q 0 0 0 rg BT 82.74 626.80 Td (derived ) Tj ET Q q 0 0 0 rg BT 111.98 626.80 Td (other ) Tj ET Q q 0 0 0 rg BT 132.72 626.80 Td (than ) Tj ET Q q 0 0 0 rg BT 150.47 626.80 Td (in ) Tj ET Q q 0 0 0 rg BT 159.72 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 172.96 626.80 Td (active ) Tj ET Q q 0 0 0 rg BT 196.70 626.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 227.44 626.80 Td (of ) Tj ET Q q 0 0 0 rg BT 237.19 626.80 Td (a ) Tj ET Q q 0 0 0 rg BT 243.43 626.80 Td (rental ) Tj ET Q q 0 0 0 rg BT 266.17 626.80 Td (business\); ) Tj ET Q q 0 0 0 rg BT 304.42 626.80 Td (or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 613.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 613.00 Td (at ) Tj ET Q q 0 0 0 rg BT 71.62 613.00 Td (least ) Tj ET Q q 0 0 0 rg BT 90.23 613.00 Td (50 ) Tj ET Q q 0 0 0 rg BT 101.36 613.00 Td (percent ) Tj ET Q q 0 0 0 rg BT 129.96 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 139.58 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 152.70 613.00 Td (average ) Tj ET Q q 0 0 0 rg BT 182.80 613.00 Td (value ) Tj ET Q q 0 0 0 rg BT 204.42 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 214.04 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.15 613.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 250.27 613.00 Td (held ) Tj ET Q q 0 0 0 rg BT 267.89 613.00 Td (by ) Tj ET Q q 0 0 0 rg BT 279.02 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 292.14 613.00 Td (corporation ) Tj ET Q q 0 0 0 rg BT 335.74 613.00 Td (during ) Tj ET Q q 0 0 0 rg BT 361.36 613.00 Td (such ) Tj ET Q q 0 0 0 rg BT 379.99 613.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 408.09 613.00 Td (year ) Tj ET Q q 0 0 0 rg BT 425.70 613.00 Td (produce, ) Tj ET Q q 0 0 0 rg BT 459.06 613.00 Td (or ) Tj ET Q q 0 0 0 rg BT 468.68 613.00 Td (are ) Tj ET Q q 0 0 0 rg BT 481.79 613.00 Td (held ) Tj ET Q q 0 0 0 rg BT 499.41 613.00 Td (for ) Tj ET Q q 0 0 0 rg BT 512.03 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 525.15 613.00 Td (production ) Tj ET Q q 0 0 0 rg BT 566.27 613.00 Td (of, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 602.20 Td (passive ) Tj ET Q q 0 0 0 rg BT 91.74 602.20 Td (income.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 574.60 Td (For ) Tj ET Q q 0 0 0 rg BT 50.60 574.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 84.69 574.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.28 574.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 139.87 574.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 170.95 574.60 Td (a ) Tj ET Q q 0 0 0 rg BT 177.04 574.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 205.13 574.60 Td (corporation ) Tj ET Q q 0 0 0 rg BT 248.71 574.60 Td (is ) Tj ET Q q 0 0 0 rg BT 256.81 574.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.90 574.60 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 286.26 574.60 Td (it ) Tj ET Q q 0 0 0 rg BT 293.35 574.60 Td (will ) Tj ET Q q 0 0 0 rg BT 309.45 574.60 Td (be ) Tj ET Q q 0 0 0 rg BT 320.04 574.60 Td (treated ) Tj ET Q q 0 0 0 rg BT 346.62 574.60 Td (as ) Tj ET Q q 0 0 0 rg BT 356.21 574.60 Td (earning ) Tj ET Q q 0 0 0 rg BT 385.29 574.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.39 574.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 429.48 574.60 Td (its ) Tj ET Q q 0 0 0 rg BT 440.08 574.60 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 490.66 574.60 Td (share ) Tj ET Q q 0 0 0 rg BT 511.75 574.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.34 574.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.43 574.60 Td (income ) Tj ET Q q 0 0 0 rg BT 563.02 574.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 563.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 61.50 563.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 104.39 563.80 Td (, ) Tj ET Q q 0 0 0 rg BT 108.89 563.80 Td (of ) Tj ET Q q 0 0 0 rg BT 118.64 563.80 Td (any ) Tj ET Q q 0 0 0 rg BT 133.88 563.80 Td (of ) Tj ET Q q 0 0 0 rg BT 143.63 563.80 Td (its ) Tj ET Q q 0 0 0 rg BT 154.38 563.80 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 193.63 563.80 Td (corporations ) Tj ET Q q 0 0 0 rg BT 240.87 563.80 Td (in ) Tj ET Q q 0 0 0 rg BT 250.12 563.80 Td (which ) Tj ET Q q 0 0 0 rg BT 274.36 563.80 Td (it ) Tj ET Q q 0 0 0 rg BT 281.61 563.80 Td (owns ) Tj ET Q q 0 0 0 rg BT 302.87 563.80 Td (at ) Tj ET Q q 0 0 0 rg BT 311.61 563.80 Td (least ) Tj ET Q q 0 0 0 rg BT 330.35 563.80 Td (25 ) Tj ET Q q 0 0 0 rg BT 341.60 563.80 Td (percent ) Tj ET Q q 0 0 0 rg BT 370.34 563.80 Td (of ) Tj ET Q q 0 0 0 rg BT 380.08 563.80 Td (the ) Tj ET Q q 0 0 0 rg BT 393.33 563.80 Td (value ) Tj ET Q q 0 0 0 rg BT 415.07 563.80 Td (of ) Tj ET Q q 0 0 0 rg BT 424.81 563.80 Td (the ) Tj ET Q q 0 0 0 rg BT 438.06 563.80 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 477.56 563.80 Td (s ) Tj ET Q q 0 0 0 rg BT 483.31 563.80 Td (stock.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 64.92 536.20 Td (earned ) Tj ET Q q 0 0 0 rg BT 90.84 536.20 Td (by ) Tj ET Q q 0 0 0 rg BT 101.78 536.20 Td (a ) Tj ET Q q 0 0 0 rg BT 107.71 536.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 135.64 536.20 Td (corporation ) Tj ET Q q 0 0 0 rg BT 179.06 536.20 Td (in ) Tj ET Q q 0 0 0 rg BT 188.00 536.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 229.42 536.20 Td (with ) Tj ET Q q 0 0 0 rg BT 247.35 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 260.29 536.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 307.69 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 317.13 536.20 Td (services ) Tj ET Q q 0 0 0 rg BT 348.05 536.20 Td (would ) Tj ET Q q 0 0 0 rg BT 372.49 536.20 Td (not ) Tj ET Q q 0 0 0 rg BT 385.93 536.20 Td (constitute ) Tj ET Q q 0 0 0 rg BT 422.86 536.20 Td (passive ) Tj ET Q q 0 0 0 rg BT 451.29 536.20 Td (income. ) Tj ET Q q 0 0 0 rg BT 481.97 536.20 Td (By ) Tj ET Q q 0 0 0 rg BT 494.41 536.20 Td (contrast, ) Tj ET Q q 0 0 0 rg BT 527.08 536.20 Td (rental ) Tj ET Q q 0 0 0 rg BT 549.51 536.20 Td (income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 525.40 Td (would ) Tj ET Q q 0 0 0 rg BT 61.27 525.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 97.52 525.40 Td (constitute ) Tj ET Q q 0 0 0 rg BT 135.29 525.40 Td (passive ) Tj ET Q q 0 0 0 rg BT 168.55 525.40 Td (income ) Tj ET Q q 0 0 0 rg BT 201.80 525.40 Td (unless ) Tj ET Q q 0 0 0 rg BT 227.08 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.84 525.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 269.60 525.40 Td (corporation ) Tj ET Q q 0 0 0 rg BT 313.86 525.40 Td (is ) Tj ET Q q 0 0 0 rg BT 322.63 525.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 349.88 525.40 Td (under ) Tj ET Q q 0 0 0 rg BT 373.15 525.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 403.90 525.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 424.17 525.40 Td (as ) Tj ET Q q 0 0 0 rg BT 434.44 525.40 Td (deriving ) Tj ET Q q 0 0 0 rg BT 467.20 525.40 Td (its ) Tj ET Q q 0 0 0 rg BT 478.47 525.40 Td (rental ) Tj ET Q q 0 0 0 rg BT 501.73 525.40 Td (income ) Tj ET Q q 0 0 0 rg BT 530.99 525.40 Td (in ) Tj ET Q q 0 0 0 rg BT 540.77 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 554.53 525.40 Td (active ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 66.74 514.60 Td (of ) Tj ET Q q 0 0 0 rg BT 76.49 514.60 Td (a ) Tj ET Q q 0 0 0 rg BT 82.73 514.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 102.97 514.60 Td (or ) Tj ET Q q 0 0 0 rg BT 112.72 514.60 Td (business ) Tj ET Q q 0 0 0 rg BT 145.47 514.60 Td (or ) Tj ET Q q 0 0 0 rg BT 155.21 514.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 190.95 514.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.19 514.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 226.93 514.60 Td (income ) Tj ET Q q 0 0 0 rg BT 255.67 514.60 Td (from ) Tj ET Q q 0 0 0 rg BT 275.41 514.60 Td (a ) Tj ET Q q 0 0 0 rg BT 281.66 514.60 Td (related ) Tj ET Q q 0 0 0 rg BT 308.39 514.60 Td (party) Tj ET Q q 0 0 0 rg BT 326.30 514.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 487.00 Td (Based ) Tj ET Q q 0 0 0 rg BT 59.70 487.00 Td (on ) Tj ET Q q 0 0 0 rg BT 70.40 487.00 Td (the ) Tj ET Q q 0 0 0 rg BT 83.10 487.00 Td (current ) Tj ET Q q 0 0 0 rg BT 110.29 487.00 Td (and ) Tj ET Q q 0 0 0 rg BT 124.98 487.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 166.17 487.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 201.36 487.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.56 487.00 Td (our ) Tj ET Q q 0 0 0 rg BT 224.26 487.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 249.21 487.00 Td (including ) Tj ET Q q 0 0 0 rg BT 284.91 487.00 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 320.87 487.00 Td (and ) Tj ET Q q 0 0 0 rg BT 335.56 487.00 Td (composition ) Tj ET Q q 0 0 0 rg BT 381.77 487.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.97 487.00 Td (our ) Tj ET Q q 0 0 0 rg BT 404.67 487.00 Td (income ) Tj ET Q q 0 0 0 rg BT 432.86 487.00 Td (and ) Tj ET Q q 0 0 0 rg BT 447.56 487.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 472.51 487.00 Td (we ) Tj ET Q q 0 0 0 rg BT 484.70 487.00 Td (intend ) Tj ET Q q 0 0 0 rg BT 508.90 487.00 Td (to ) Tj ET Q q 0 0 0 rg BT 517.61 487.00 Td (take ) Tj ET Q q 0 0 0 rg BT 534.30 487.00 Td (the ) Tj ET Q q 0 0 0 rg BT 547.00 487.00 Td (position ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 476.20 Td (that, ) Tj ET Q q 0 0 0 rg BT 53.93 476.20 Td (and ) Tj ET Q q 0 0 0 rg BT 69.11 476.20 Td (our ) Tj ET Q q 0 0 0 rg BT 83.30 476.20 Td (counsel ) Tj ET Q q 0 0 0 rg BT 112.98 476.20 Td (Seward& ) Tj ET Q q 0 0 0 rg BT 151.40 476.20 Td (Kissel ) Tj ET Q q 0 0 0 rg BT 176.09 476.20 Td (LLP) Tj ET Q q 0 0 0 rg BT 191.76 476.20 Td ( ) Tj ET Q q 0 0 0 rg BT 193.94 476.20 Td (is ) Tj ET Q q 0 0 0 rg BT 202.13 476.20 Td (of ) Tj ET Q q 0 0 0 rg BT 211.82 476.20 Td (the ) Tj ET Q q 0 0 0 rg BT 225.00 476.20 Td (opinion ) Tj ET Q q 0 0 0 rg BT 254.69 476.20 Td (that, ) Tj ET Q q 0 0 0 rg BT 272.62 476.20 Td (we ) Tj ET Q q 0 0 0 rg BT 285.30 476.20 Td (will ) Tj ET Q q 0 0 0 rg BT 301.49 476.20 Td (not ) Tj ET Q q 0 0 0 rg BT 315.17 476.20 Td (be ) Tj ET Q q 0 0 0 rg BT 325.85 476.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 352.52 476.20 Td (as ) Tj ET Q q 0 0 0 rg BT 362.21 476.20 Td (a ) Tj ET Q q 0 0 0 rg BT 368.39 476.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 389.58 476.20 Td (for ) Tj ET Q q 0 0 0 rg BT 402.27 476.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 420.46 476.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 447.62 476.20 Td (income ) Tj ET Q q 0 0 0 rg BT 476.30 476.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.48 476.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 523.66 476.20 Td (for ) Tj ET Q q 0 0 0 rg BT 536.34 476.20 Td (our ) Tj ET Q q 0 0 0 rg BT 550.53 476.20 Td (current ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 465.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 64.31 465.40 Td (year ) Tj ET Q q 0 0 0 rg BT 82.12 465.40 Td (or ) Tj ET Q q 0 0 0 rg BT 91.95 465.40 Td (in ) Tj ET Q q 0 0 0 rg BT 101.27 465.40 Td (the ) Tj ET Q q 0 0 0 rg BT 114.59 465.40 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 157.89 465.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 183.79 465.40 Td (This ) Tj ET Q q 0 0 0 rg BT 202.11 465.40 Td (opinion ) Tj ET Q q 0 0 0 rg BT 231.94 465.40 Td (is ) Tj ET Q q 0 0 0 rg BT 240.27 465.40 Td (based ) Tj ET Q q 0 0 0 rg BT 263.08 465.40 Td (and ) Tj ET Q q 0 0 0 rg BT 278.40 465.40 Td (its ) Tj ET Q q 0 0 0 rg BT 289.23 465.40 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 323.53 465.40 Td (is ) Tj ET Q q 0 0 0 rg BT 331.86 465.40 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 376.67 465.40 Td (on ) Tj ET Q q 0 0 0 rg BT 388.00 465.40 Td (representations, ) Tj ET Q q 0 0 0 rg BT 447.05 465.40 Td (valuations ) Tj ET Q q 0 0 0 rg BT 486.37 465.40 Td (and ) Tj ET Q q 0 0 0 rg BT 501.69 465.40 Td (projections ) Tj ET Q q 0 0 0 rg BT 544.01 465.40 Td (provided ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 454.60 Td (by ) Tj ET Q q 0 0 0 rg BT 47.37 454.60 Td (us ) Tj ET Q q 0 0 0 rg BT 57.74 454.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 94.59 454.60 Td (our ) Tj ET Q q 0 0 0 rg BT 108.96 454.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 132.32 454.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.69 454.60 Td (income ) Tj ET Q q 0 0 0 rg BT 176.55 454.60 Td (to ) Tj ET Q q 0 0 0 rg BT 185.92 454.60 Td (our ) Tj ET Q q 0 0 0 rg BT 200.28 454.60 Td (counsel. ) Tj ET Q q 0 0 0 rg BT 232.22 454.60 Td (While ) Tj ET Q q 0 0 0 rg BT 256.58 454.60 Td (we ) Tj ET Q q 0 0 0 rg BT 269.44 454.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 297.80 454.60 Td (these ) Tj ET Q q 0 0 0 rg BT 318.66 454.60 Td (representations, ) Tj ET Q q 0 0 0 rg BT 377.75 454.60 Td (valuations ) Tj ET Q q 0 0 0 rg BT 417.12 454.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.48 454.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 474.84 454.60 Td (to ) Tj ET Q q 0 0 0 rg BT 484.21 454.60 Td (be ) Tj ET Q q 0 0 0 rg BT 495.07 454.60 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 529.66 454.60 Td (no ) Tj ET Q q 0 0 0 rg BT 541.03 454.60 Td (assurance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.80 Td (can ) Tj ET Q q 0 0 0 rg BT 51.03 443.80 Td (be ) Tj ET Q q 0 0 0 rg BT 62.06 443.80 Td (given ) Tj ET Q q 0 0 0 rg BT 84.60 443.80 Td (that ) Tj ET Q q 0 0 0 rg BT 100.63 443.80 Td (they ) Tj ET Q q 0 0 0 rg BT 118.67 443.80 Td (will ) Tj ET Q q 0 0 0 rg BT 135.21 443.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 168.73 443.80 Td (to ) Tj ET Q q 0 0 0 rg BT 178.27 443.80 Td (be ) Tj ET Q q 0 0 0 rg BT 189.31 443.80 Td (accurate. ) Tj ET Q q 0 0 0 rg BT 224.07 443.80 Td (Moreover) Tj ET Q q 0 0 0 rg BT 259.19 443.80 Td (, ) Tj ET Q q 0 0 0 rg BT 263.98 443.80 Td (we ) Tj ET Q q 0 0 0 rg BT 277.02 443.80 Td (have ) Tj ET Q q 0 0 0 rg BT 296.54 443.80 Td (not ) Tj ET Q q 0 0 0 rg BT 310.58 443.80 Td (sought, ) Tj ET Q q 0 0 0 rg BT 339.38 443.80 Td (and ) Tj ET Q q 0 0 0 rg BT 354.91 443.80 Td (we ) Tj ET Q q 0 0 0 rg BT 367.94 443.80 Td (do ) Tj ET Q q 0 0 0 rg BT 379.48 443.80 Td (not ) Tj ET Q q 0 0 0 rg BT 393.52 443.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 419.54 443.80 Td (to ) Tj ET Q q 0 0 0 rg BT 429.08 443.80 Td (seek, ) Tj ET Q q 0 0 0 rg BT 449.86 443.80 Td (a ) Tj ET Q q 0 0 0 rg BT 456.40 443.80 Td (ruling ) Tj ET Q q 0 0 0 rg BT 480.44 443.80 Td (from ) Tj ET Q q 0 0 0 rg BT 500.47 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 514.00 443.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 544.53 443.80 Td (Revenue ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 433.00 Td (Service, ) Tj ET Q q 0 0 0 rg BT 67.67 433.00 Td (or ) Tj ET Q q 0 0 0 rg BT 77.59 433.00 Td (the ) Tj ET Q q 0 0 0 rg BT 91.01 433.00 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 109.70 433.00 Td (on ) Tj ET Q q 0 0 0 rg BT 121.13 433.00 Td (this ) Tj ET Q q 0 0 0 rg BT 136.56 433.00 Td (matter) Tj ET Q q 0 0 0 rg BT 159.05 433.00 Td (. ) Tj ET Q q 0 0 0 rg BT 163.19 433.00 Td (As ) Tj ET Q q 0 0 0 rg BT 175.62 433.00 Td (a ) Tj ET Q q 0 0 0 rg BT 182.04 433.00 Td (result, ) Tj ET Q q 0 0 0 rg BT 206.72 433.00 Td (the ) Tj ET Q q 0 0 0 rg BT 220.14 433.00 Td (IRS ) Tj ET Q q 0 0 0 rg BT 236.57 433.00 Td (or ) Tj ET Q q 0 0 0 rg BT 246.50 433.00 Td (a ) Tj ET Q q 0 0 0 rg BT 252.92 433.00 Td (court ) Tj ET Q q 0 0 0 rg BT 273.84 433.00 Td (could ) Tj ET Q q 0 0 0 rg BT 296.27 433.00 Td (disagree ) Tj ET Q q 0 0 0 rg BT 328.68 433.00 Td (with ) Tj ET Q q 0 0 0 rg BT 347.11 433.00 Td (our ) Tj ET Q q 0 0 0 rg BT 361.53 433.00 Td (position. ) Tj ET Q q 0 0 0 rg BT 395.21 433.00 Td (No ) Tj ET Q q 0 0 0 rg BT 408.64 433.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 446.05 433.00 Td (can ) Tj ET Q q 0 0 0 rg BT 460.97 433.00 Td (be ) Tj ET Q q 0 0 0 rg BT 471.89 433.00 Td (given ) Tj ET Q q 0 0 0 rg BT 494.31 433.00 Td (that ) Tj ET Q q 0 0 0 rg BT 510.24 433.00 Td (this ) Tj ET Q q 0 0 0 rg BT 525.67 433.00 Td (result ) Tj ET Q q 0 0 0 rg BT 548.09 433.00 Td (will ) Tj ET Q q 0 0 0 rg BT 564.52 433.00 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 422.20 Td (occur) Tj ET Q q 0 0 0 rg BT 55.49 422.20 Td (. ) Tj ET Q q 0 0 0 rg BT 59.94 422.20 Td (In ) Tj ET Q q 0 0 0 rg BT 69.63 422.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 103.57 422.20 Td (although ) Tj ET Q q 0 0 0 rg BT 137.26 422.20 Td (we ) Tj ET Q q 0 0 0 rg BT 149.95 422.20 Td (intend ) Tj ET Q q 0 0 0 rg BT 174.65 422.20 Td (to ) Tj ET Q q 0 0 0 rg BT 183.84 422.20 Td (conduct ) Tj ET Q q 0 0 0 rg BT 214.53 422.20 Td (our ) Tj ET Q q 0 0 0 rg BT 228.72 422.20 Td (af) Tj ET Q q 0 0 0 rg BT 235.55 422.20 Td (fairs ) Tj ET Q q 0 0 0 rg BT 253.74 422.20 Td (in ) Tj ET Q q 0 0 0 rg BT 262.94 422.20 Td (a ) Tj ET Q q 0 0 0 rg BT 269.13 422.20 Td (manner ) Tj ET Q q 0 0 0 rg BT 298.31 422.20 Td (to ) Tj ET Q q 0 0 0 rg BT 307.51 422.20 Td (avoid, ) Tj ET Q q 0 0 0 rg BT 331.95 422.20 Td (to ) Tj ET Q q 0 0 0 rg BT 341.15 422.20 Td (the ) Tj ET Q q 0 0 0 rg BT 354.34 422.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 378.52 422.20 Td (possible, ) Tj ET Q q 0 0 0 rg BT 412.47 422.20 Td (being ) Tj ET Q q 0 0 0 rg BT 434.66 422.20 Td (classified ) Tj ET Q q 0 0 0 rg BT 470.84 422.20 Td (as ) Tj ET Q q 0 0 0 rg BT 480.54 422.20 Td (a ) Tj ET Q q 0 0 0 rg BT 486.73 422.20 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 507.94 422.20 Td (with ) Tj ET Q q 0 0 0 rg BT 526.13 422.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 553.81 422.20 Td (to ) Tj ET Q q 0 0 0 rg BT 563.01 422.20 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 411.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 64.23 411.40 Td (year) Tj ET Q q 0 0 0 rg BT 79.36 411.40 Td (, ) Tj ET Q q 0 0 0 rg BT 83.86 411.40 Td (we ) Tj ET Q q 0 0 0 rg BT 96.60 411.40 Td (cannot ) Tj ET Q q 0 0 0 rg BT 122.84 411.40 Td (assure ) Tj ET Q q 0 0 0 rg BT 147.59 411.40 Td (you ) Tj ET Q q 0 0 0 rg BT 163.34 411.40 Td (that ) Tj ET Q q 0 0 0 rg BT 179.08 411.40 Td (the ) Tj ET Q q 0 0 0 rg BT 192.33 411.40 Td (nature ) Tj ET Q q 0 0 0 rg BT 217.06 411.40 Td (of ) Tj ET Q q 0 0 0 rg BT 226.81 411.40 Td (our ) Tj ET Q q 0 0 0 rg BT 241.06 411.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 280.80 411.40 Td (will ) Tj ET Q q 0 0 0 rg BT 297.05 411.40 Td (not ) Tj ET Q q 0 0 0 rg BT 310.80 411.40 Td (change ) Tj ET Q q 0 0 0 rg BT 338.53 411.40 Td (in ) Tj ET Q q 0 0 0 rg BT 347.78 411.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.03 411.40 Td (future, ) Tj ET Q q 0 0 0 rg BT 387.02 411.40 Td (or ) Tj ET Q q 0 0 0 rg BT 396.76 411.40 Td (that ) Tj ET Q q 0 0 0 rg BT 412.51 411.40 Td (we ) Tj ET Q q 0 0 0 rg BT 425.25 411.40 Td (can ) Tj ET Q q 0 0 0 rg BT 439.99 411.40 Td (avoid ) Tj ET Q q 0 0 0 rg BT 462.24 411.40 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 483.50 411.40 Td (status ) Tj ET Q q 0 0 0 rg BT 506.25 411.40 Td (in ) Tj ET Q q 0 0 0 rg BT 515.50 411.40 Td (the ) Tj ET Q q 0 0 0 rg BT 528.75 411.40 Td (future.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 383.80 Td (As ) Tj ET Q q 0 0 0 rg BT 48.96 383.80 Td (discussed ) Tj ET Q q 0 0 0 rg BT 86.41 383.80 Td (more ) Tj ET Q q 0 0 0 rg BT 107.85 383.80 Td (fully ) Tj ET Q q 0 0 0 rg BT 127.81 383.80 Td (below) Tj ET Q q 0 0 0 rg BT 149.22 383.80 Td (, ) Tj ET Q q 0 0 0 rg BT 154.42 383.80 Td (if ) Tj ET Q q 0 0 0 rg BT 162.87 383.80 Td (we ) Tj ET Q q 0 0 0 rg BT 176.32 383.80 Td (were ) Tj ET Q q 0 0 0 rg BT 196.76 383.80 Td (to ) Tj ET Q q 0 0 0 rg BT 206.71 383.80 Td (be ) Tj ET Q q 0 0 0 rg BT 218.16 383.80 Td (treated ) Tj ET Q q 0 0 0 rg BT 245.60 383.80 Td (as ) Tj ET Q q 0 0 0 rg BT 256.05 383.80 Td (a ) Tj ET Q q 0 0 0 rg BT 263.00 383.80 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 284.96 383.80 Td (for ) Tj ET Q q 0 0 0 rg BT 298.41 383.80 Td (any ) Tj ET Q q 0 0 0 rg BT 314.36 383.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 343.30 383.80 Td (year) Tj ET Q q 0 0 0 rg BT 358.43 383.80 Td (, ) Tj ET Q q 0 0 0 rg BT 363.63 383.80 Td (a ) Tj ET Q q 0 0 0 rg BT 370.58 383.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 389.54 383.80 Td (Holder ) Tj ET Q q 0 0 0 rg BT 417.48 383.80 Td (would ) Tj ET Q q 0 0 0 rg BT 442.94 383.80 Td (be ) Tj ET Q q 0 0 0 rg BT 454.39 383.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 482.83 383.80 Td (to ) Tj ET Q q 0 0 0 rg BT 492.79 383.80 Td (dif) Tj ET Q q 0 0 0 rg BT 502.62 383.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 526.56 383.80 Td (taxation ) Tj ET Q q 0 0 0 rg BT 558.51 383.80 Td (rules ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 373.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 75.63 373.00 Td (on ) Tj ET Q q 0 0 0 rg BT 86.77 373.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 117.90 373.00 Td (the ) Tj ET Q q 0 0 0 rg BT 131.04 373.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 149.18 373.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 176.31 373.00 Td (makes ) Tj ET Q q 0 0 0 rg BT 201.45 373.00 Td (an ) Tj ET Q q 0 0 0 rg BT 212.08 373.00 Td (election ) Tj ET Q q 0 0 0 rg BT 242.71 373.00 Td (to ) Tj ET Q q 0 0 0 rg BT 251.85 373.00 Td (treat ) Tj ET Q q 0 0 0 rg BT 269.98 373.00 Td (us ) Tj ET Q q 0 0 0 rg BT 280.12 373.00 Td (as ) Tj ET Q q 0 0 0 rg BT 289.76 373.00 Td (a ) Tj ET Q q 0 0 0 rg BT 295.90 373.00 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 336.02 373.00 Td (Electing ) Tj ET Q q 0 0 0 rg BT 368.15 373.00 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 395.04 373.00 Td (which ) Tj ET Q q 0 0 0 rg BT 419.18 373.00 Td (election ) Tj ET Q q 0 0 0 rg BT 449.80 373.00 Td (we ) Tj ET Q q 0 0 0 rg BT 462.44 373.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 481.56 373.00 Td (to ) Tj ET Q q 0 0 0 rg BT 490.70 373.00 Td (as ) Tj ET Q q 0 0 0 rg BT 500.34 373.00 Td (a ) Tj ET Q q 0 0 0 rg BT 506.48 373.00 Td (QEF ) Tj ET Q q 0 0 0 rg BT 529.61 373.00 Td (election. ) Tj ET Q q 0 0 0 rg BT 566.01 373.00 Td (As ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 362.20 Td (an ) Tj ET Q q 0 0 0 rg BT 47.31 362.20 Td (alternative ) Tj ET Q q 0 0 0 rg BT 88.11 362.20 Td (to ) Tj ET Q q 0 0 0 rg BT 97.93 362.20 Td (making ) Tj ET Q q 0 0 0 rg BT 127.75 362.20 Td (a ) Tj ET Q q 0 0 0 rg BT 134.56 362.20 Td (QEF ) Tj ET Q q 0 0 0 rg BT 154.39 362.20 Td (election, ) Tj ET Q q 0 0 0 rg BT 187.94 362.20 Td (a ) Tj ET Q q 0 0 0 rg BT 194.76 362.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 213.58 362.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 241.40 362.20 Td (should ) Tj ET Q q 0 0 0 rg BT 268.22 362.20 Td (be ) Tj ET Q q 0 0 0 rg BT 279.53 362.20 Td (able ) Tj ET Q q 0 0 0 rg BT 297.34 362.20 Td (to ) Tj ET Q q 0 0 0 rg BT 307.16 362.20 Td (make ) Tj ET Q q 0 0 0 rg BT 329.47 362.20 Td (a ) Tj ET Q q 0 0 0 rg BT 336.29 362.20 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 403.57 362.20 Td (election ) Tj ET Q q 0 0 0 rg BT 434.88 362.20 Td (with ) Tj ET Q q 0 0 0 rg BT 453.70 362.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 482.00 362.20 Td (to ) Tj ET Q q 0 0 0 rg BT 491.82 362.20 Td (our ) Tj ET Q q 0 0 0 rg BT 506.64 362.20 Td (common ) Tj ET Q q 0 0 0 rg BT 540.96 362.20 Td (shares, ) Tj ET Q q 0 0 0 rg BT 568.52 362.20 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.40 Td (discussed ) Tj ET Q q 0 0 0 rg BT 72.75 351.40 Td (below) Tj ET Q q 0 0 0 rg BT 94.16 351.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.80 Td (If ) Tj ET Q q 0 0 0 rg BT 44.26 323.80 Td (we ) Tj ET Q q 0 0 0 rg BT 57.02 323.80 Td (were ) Tj ET Q q 0 0 0 rg BT 76.77 323.80 Td (to ) Tj ET Q q 0 0 0 rg BT 86.04 323.80 Td (be ) Tj ET Q q 0 0 0 rg BT 96.80 323.80 Td (treated ) Tj ET Q q 0 0 0 rg BT 123.55 323.80 Td (as ) Tj ET Q q 0 0 0 rg BT 133.31 323.80 Td (a ) Tj ET Q q 0 0 0 rg BT 139.58 323.80 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 160.85 323.80 Td (for ) Tj ET Q q 0 0 0 rg BT 173.61 323.80 Td (any ) Tj ET Q q 0 0 0 rg BT 188.88 323.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 217.13 323.80 Td (year) Tj ET Q q 0 0 0 rg BT 232.25 323.80 Td (, ) Tj ET Q q 0 0 0 rg BT 236.77 323.80 Td (a ) Tj ET Q q 0 0 0 rg BT 243.03 323.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 261.30 323.80 Td (Holder ) Tj ET Q q 0 0 0 rg BT 288.56 323.80 Td (would ) Tj ET Q q 0 0 0 rg BT 313.33 323.80 Td (be ) Tj ET Q q 0 0 0 rg BT 324.09 323.80 Td (required ) Tj ET Q q 0 0 0 rg BT 356.34 323.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.61 323.80 Td (file ) Tj ET Q q 0 0 0 rg BT 379.86 323.80 Td (IRS ) Tj ET Q q 0 0 0 rg BT 396.14 323.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 417.91 323.80 Td (8621 ) Tj ET Q q 0 0 0 rg BT 438.17 323.80 Td (with ) Tj ET Q q 0 0 0 rg BT 456.44 323.80 Td (the ) Tj ET Q q 0 0 0 rg BT 469.70 323.80 Td (IRS ) Tj ET Q q 0 0 0 rg BT 485.97 323.80 Td (for ) Tj ET Q q 0 0 0 rg BT 498.73 323.80 Td (that ) Tj ET Q q 0 0 0 rg BT 514.50 323.80 Td (year ) Tj ET Q q 0 0 0 rg BT 532.25 323.80 Td (with ) Tj ET Q q 0 0 0 rg BT 550.52 323.80 Td (respect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 313.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 313.00 Td (such ) Tj ET Q q 0 0 0 rg BT 64.00 313.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 82.25 313.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 107.58 313.00 Td () Tj ET Q q 0 0 0 rg BT 110.08 313.00 Td (s ) Tj ET Q q 0 0 0 rg BT 115.83 313.00 Td (common ) Tj ET Q q 0 0 0 rg BT 149.58 313.00 Td (shares.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 285.40 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 285.40 Td (axation ) Tj ET Q q 0 0 0 rg BT 70.93 285.40 Td (of ) Tj ET Q q 0 0 0 rg BT 80.67 285.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 98.93 285.40 Td (Holders ) Tj ET Q q 0 0 0 rg BT 130.68 285.40 Td (Making ) Tj ET Q q 0 0 0 rg BT 161.94 285.40 Td (a ) Tj ET Q q 0 0 0 rg BT 168.69 285.40 Td (T) Tj ET Q q 0 0 0 rg BT 173.85 285.40 Td (imely ) Tj ET Q q 0 0 0 rg BT 196.09 285.40 Td (QEF) Tj ET Q q 0 0 0 rg BT 214.44 285.40 Td ( ) Tj ET Q q 0 0 0 rg BT 216.69 285.40 Td (Election) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 271.60 Td (If ) Tj ET Q q 0 0 0 rg BT 44.52 271.60 Td (a ) Tj ET Q q 0 0 0 rg BT 51.03 271.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.56 271.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 97.07 271.60 Td (makes ) Tj ET Q q 0 0 0 rg BT 122.58 271.60 Td (a ) Tj ET Q q 0 0 0 rg BT 129.10 271.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 154.62 271.60 Td (QEF ) Tj ET Q q 0 0 0 rg BT 174.14 271.60 Td (election, ) Tj ET Q q 0 0 0 rg BT 207.40 271.60 Td (which ) Tj ET Q q 0 0 0 rg BT 231.92 271.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 250.44 271.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 277.96 271.60 Td (we ) Tj ET Q q 0 0 0 rg BT 290.97 271.60 Td (refer ) Tj ET Q q 0 0 0 rg BT 310.47 271.60 Td (to ) Tj ET Q q 0 0 0 rg BT 320.00 271.60 Td (as ) Tj ET Q q 0 0 0 rg BT 330.01 271.60 Td (an ) Tj ET Q q 0 0 0 rg BT 341.03 271.60 Td (Electing ) Tj ET Q q 0 0 0 rg BT 377.53 271.60 Td (Holder) Tj ET Q q 0 0 0 rg BT 402.17 271.60 Td (, ) Tj ET Q q 0 0 0 rg BT 410.93 271.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.45 271.60 Td (Electing ) Tj ET Q q 0 0 0 rg BT 456.96 271.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 484.47 271.60 Td (must ) Tj ET Q q 0 0 0 rg BT 504.50 271.60 Td (report ) Tj ET Q q 0 0 0 rg BT 528.51 271.60 Td (each ) Tj ET Q q 0 0 0 rg BT 547.51 271.60 Td (year ) Tj ET Q q 0 0 0 rg BT 565.52 271.60 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.80 Td (United ) Tj ET Q q 0 0 0 rg BT 62.58 260.80 Td (States ) Tj ET Q q 0 0 0 rg BT 86.16 260.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 113.22 260.80 Td (income ) Tj ET Q q 0 0 0 rg BT 141.80 260.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.88 260.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 188.96 260.80 Td (his ) Tj ET Q q 0 0 0 rg BT 201.54 260.80 Td (pro ) Tj ET Q q 0 0 0 rg BT 215.63 260.80 Td (rata ) Tj ET Q q 0 0 0 rg BT 231.20 260.80 Td (share ) Tj ET Q q 0 0 0 rg BT 252.27 260.80 Td (of ) Tj ET Q q 0 0 0 rg BT 261.85 260.80 Td (our ) Tj ET Q q 0 0 0 rg BT 275.93 260.80 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 308.50 260.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 341.08 260.80 Td (and ) Tj ET Q q 0 0 0 rg BT 356.16 260.80 Td (our ) Tj ET Q q 0 0 0 rg BT 370.24 260.80 Td (net ) Tj ET Q q 0 0 0 rg BT 383.32 260.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 409.39 260.80 Td (gain, ) Tj ET Q q 0 0 0 rg BT 429.21 260.80 Td (if ) Tj ET Q q 0 0 0 rg BT 436.80 260.80 Td (any) Tj ET Q q 0 0 0 rg BT 449.21 260.80 Td (, ) Tj ET Q q 0 0 0 rg BT 453.54 260.80 Td (for ) Tj ET Q q 0 0 0 rg BT 466.12 260.80 Td (our ) Tj ET Q q 0 0 0 rg BT 480.20 260.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 508.27 260.80 Td (year ) Tj ET Q q 0 0 0 rg BT 525.84 260.80 Td (that ) Tj ET Q q 0 0 0 rg BT 541.42 260.80 Td (ends ) Tj ET Q q 0 0 0 rg BT 560.00 260.80 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.00 Td (or ) Tj ET Q q 0 0 0 rg BT 45.61 250.00 Td (within ) Tj ET Q q 0 0 0 rg BT 70.72 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 83.83 250.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 111.93 250.00 Td (year ) Tj ET Q q 0 0 0 rg BT 129.53 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 139.14 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 152.25 250.00 Td (Electing ) Tj ET Q q 0 0 0 rg BT 184.35 250.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 208.98 250.00 Td (, ) Tj ET Q q 0 0 0 rg BT 213.34 250.00 Td (regardless ) Tj ET Q q 0 0 0 rg BT 251.94 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 261.55 250.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 292.65 250.00 Td (or ) Tj ET Q q 0 0 0 rg BT 302.26 250.00 Td (not ) Tj ET Q q 0 0 0 rg BT 315.87 250.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 362.99 250.00 Td (were ) Tj ET Q q 0 0 0 rg BT 382.59 250.00 Td (received ) Tj ET Q q 0 0 0 rg BT 415.17 250.00 Td (from ) Tj ET Q q 0 0 0 rg BT 434.78 250.00 Td (us ) Tj ET Q q 0 0 0 rg BT 444.90 250.00 Td (by ) Tj ET Q q 0 0 0 rg BT 456.01 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.12 250.00 Td (Electing ) Tj ET Q q 0 0 0 rg BT 501.22 250.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 525.71 250.00 Td (. ) Tj ET Q q 0 0 0 rg BT 529.92 250.00 Td (The ) Tj ET Q q 0 0 0 rg BT 546.03 250.00 Td (Electing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 239.20 Td (Holder) Tj ET Q q 0 0 0 rg BT 61.33 239.20 Td () Tj ET Q q 0 0 0 rg BT 63.83 239.20 Td (s ) Tj ET Q q 0 0 0 rg BT 69.40 239.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 101.46 239.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.53 239.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 134.60 239.20 Td (in ) Tj ET Q q 0 0 0 rg BT 143.67 239.20 Td (the ) Tj ET Q q 0 0 0 rg BT 156.74 239.20 Td (common ) Tj ET Q q 0 0 0 rg BT 190.30 239.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 214.87 239.20 Td (will ) Tj ET Q q 0 0 0 rg BT 230.94 239.20 Td (be ) Tj ET Q q 0 0 0 rg BT 241.50 239.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 277.55 239.20 Td (to ) Tj ET Q q 0 0 0 rg BT 286.62 239.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 311.67 239.20 Td (taxed ) Tj ET Q q 0 0 0 rg BT 333.23 239.20 Td (but ) Tj ET Q q 0 0 0 rg BT 346.80 239.20 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 396.37 239.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 428.93 239.20 Td (and ) Tj ET Q q 0 0 0 rg BT 444.00 239.20 Td (profits. ) Tj ET Q q 0 0 0 rg BT 471.82 239.20 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 520.89 239.20 Td (of ) Tj ET Q q 0 0 0 rg BT 530.46 239.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 563.02 239.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 228.40 Td (profits ) Tj ET Q q 0 0 0 rg BT 61.43 228.40 Td (that ) Tj ET Q q 0 0 0 rg BT 76.85 228.40 Td (had ) Tj ET Q q 0 0 0 rg BT 91.77 228.40 Td (been ) Tj ET Q q 0 0 0 rg BT 110.69 228.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 150.61 228.40 Td (taxed ) Tj ET Q q 0 0 0 rg BT 172.03 228.40 Td (will ) Tj ET Q q 0 0 0 rg BT 187.96 228.40 Td (result ) Tj ET Q q 0 0 0 rg BT 209.88 228.40 Td (in ) Tj ET Q q 0 0 0 rg BT 218.81 228.40 Td (a ) Tj ET Q q 0 0 0 rg BT 224.74 228.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 278.15 228.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 314.07 228.40 Td (in ) Tj ET Q q 0 0 0 rg BT 322.99 228.40 Td (the ) Tj ET Q q 0 0 0 rg BT 335.92 228.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 367.84 228.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 380.76 228.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 400.69 228.40 Td (in ) Tj ET Q q 0 0 0 rg BT 409.62 228.40 Td (the ) Tj ET Q q 0 0 0 rg BT 422.54 228.40 Td (common ) Tj ET Q q 0 0 0 rg BT 455.97 228.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 480.39 228.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.31 228.40 Td (will ) Tj ET Q q 0 0 0 rg BT 511.24 228.40 Td (not ) Tj ET Q q 0 0 0 rg BT 524.67 228.40 Td (be ) Tj ET Q q 0 0 0 rg BT 535.09 228.40 Td (taxed ) Tj ET Q q 0 0 0 rg BT 556.51 228.40 Td (again ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 217.60 Td (once ) Tj ET Q q 0 0 0 rg BT 55.07 217.60 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 97.44 217.60 Td (An ) Tj ET Q q 0 0 0 rg BT 110.51 217.60 Td (Electing ) Tj ET Q q 0 0 0 rg BT 142.58 217.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 169.65 217.60 Td (would ) Tj ET Q q 0 0 0 rg BT 194.23 217.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 229.79 217.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 266.85 217.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 292.92 217.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 310.49 217.60 Td (or ) Tj ET Q q 0 0 0 rg BT 320.07 217.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 336.15 217.60 Td (on ) Tj ET Q q 0 0 0 rg BT 347.23 217.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.31 217.60 Td (sale, ) Tj ET Q q 0 0 0 rg BT 378.63 217.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 414.69 217.60 Td (or ) Tj ET Q q 0 0 0 rg BT 424.26 217.60 Td (other ) Tj ET Q q 0 0 0 rg BT 444.83 217.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 486.42 217.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.00 217.60 Td (our ) Tj ET Q q 0 0 0 rg BT 510.07 217.60 Td (common ) Tj ET Q q 0 0 0 rg BT 543.65 217.60 Td (shares. ) Tj ET Q q 0 0 0 rg BT 570.01 217.60 Td (A) Tj ET Q q 0 0 0 rg BT 576.01 217.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 206.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 54.44 206.80 Td (Holder ) Tj ET Q q 0 0 0 rg BT 81.86 206.80 Td (would ) Tj ET Q q 0 0 0 rg BT 106.79 206.80 Td (make ) Tj ET Q q 0 0 0 rg BT 128.71 206.80 Td (a ) Tj ET Q q 0 0 0 rg BT 135.13 206.80 Td (QEF ) Tj ET Q q 0 0 0 rg BT 154.56 206.80 Td (election ) Tj ET Q q 0 0 0 rg BT 185.48 206.80 Td (with ) Tj ET Q q 0 0 0 rg BT 203.91 206.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 231.82 206.80 Td (to ) Tj ET Q q 0 0 0 rg BT 241.26 206.80 Td (any ) Tj ET Q q 0 0 0 rg BT 256.68 206.80 Td (year ) Tj ET Q q 0 0 0 rg BT 274.60 206.80 Td (that ) Tj ET Q q 0 0 0 rg BT 290.52 206.80 Td (our ) Tj ET Q q 0 0 0 rg BT 304.95 206.80 Td (company ) Tj ET Q q 0 0 0 rg BT 340.37 206.80 Td (is ) Tj ET Q q 0 0 0 rg BT 348.80 206.80 Td (a ) Tj ET Q q 0 0 0 rg BT 355.23 206.80 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 376.67 206.80 Td (by ) Tj ET Q q 0 0 0 rg BT 388.10 206.80 Td (filing ) Tj ET Q q 0 0 0 rg BT 410.03 206.80 Td (IRS ) Tj ET Q q 0 0 0 rg BT 426.46 206.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 448.40 206.80 Td (8621 ) Tj ET Q q 0 0 0 rg BT 468.83 206.80 Td (with ) Tj ET Q q 0 0 0 rg BT 487.26 206.80 Td (his ) Tj ET Q q 0 0 0 rg BT 500.19 206.80 Td (United ) Tj ET Q q 0 0 0 rg BT 527.12 206.80 Td (States ) Tj ET Q q 0 0 0 rg BT 551.04 206.80 Td (federal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 196.00 Td (income ) Tj ET Q q 0 0 0 rg BT 64.63 196.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 77.77 196.00 Td (return. ) Tj ET Q q 0 0 0 rg BT 103.65 196.00 Td (If ) Tj ET Q q 0 0 0 rg BT 111.78 196.00 Td (we ) Tj ET Q q 0 0 0 rg BT 124.41 196.00 Td (were ) Tj ET Q q 0 0 0 rg BT 144.04 196.00 Td (aware ) Tj ET Q q 0 0 0 rg BT 167.66 196.00 Td (that ) Tj ET Q q 0 0 0 rg BT 183.30 196.00 Td (we ) Tj ET Q q 0 0 0 rg BT 195.93 196.00 Td (or ) Tj ET Q q 0 0 0 rg BT 205.57 196.00 Td (any ) Tj ET Q q 0 0 0 rg BT 220.70 196.00 Td (of ) Tj ET Q q 0 0 0 rg BT 230.34 196.00 Td (our ) Tj ET Q q 0 0 0 rg BT 244.48 196.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 289.11 196.00 Td (were ) Tj ET Q q 0 0 0 rg BT 308.74 196.00 Td (to ) Tj ET Q q 0 0 0 rg BT 317.88 196.00 Td (be ) Tj ET Q q 0 0 0 rg BT 328.51 196.00 Td (treated ) Tj ET Q q 0 0 0 rg BT 355.14 196.00 Td (as ) Tj ET Q q 0 0 0 rg BT 364.77 196.00 Td (a ) Tj ET Q q 0 0 0 rg BT 370.91 196.00 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 392.06 196.00 Td (for ) Tj ET Q q 0 0 0 rg BT 404.69 196.00 Td (any ) Tj ET Q q 0 0 0 rg BT 419.83 196.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 447.95 196.00 Td (year) Tj ET Q q 0 0 0 rg BT 463.08 196.00 Td (, ) Tj ET Q q 0 0 0 rg BT 467.47 196.00 Td (we ) Tj ET Q q 0 0 0 rg BT 480.10 196.00 Td (would, ) Tj ET Q q 0 0 0 rg BT 506.99 196.00 Td (if ) Tj ET Q q 0 0 0 rg BT 514.63 196.00 Td (possible, ) Tj ET Q q 0 0 0 rg BT 548.52 196.00 Td (provide ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 185.20 Td (each ) Tj ET Q q 0 0 0 rg BT 54.75 185.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 73.02 185.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 100.28 185.20 Td (with ) Tj ET Q q 0 0 0 rg BT 118.54 185.20 Td (all ) Tj ET Q q 0 0 0 rg BT 129.80 185.20 Td (necessary ) Tj ET Q q 0 0 0 rg BT 167.05 185.20 Td (information ) Tj ET Q q 0 0 0 rg BT 211.81 185.20 Td (in ) Tj ET Q q 0 0 0 rg BT 221.07 185.20 Td (order ) Tj ET Q q 0 0 0 rg BT 242.33 185.20 Td (to ) Tj ET Q q 0 0 0 rg BT 251.59 185.20 Td (make ) Tj ET Q q 0 0 0 rg BT 273.35 185.20 Td (the ) Tj ET Q q 0 0 0 rg BT 286.61 185.20 Td (QEF ) Tj ET Q q 0 0 0 rg BT 305.88 185.20 Td (election ) Tj ET Q q 0 0 0 rg BT 336.63 185.20 Td (described ) Tj ET Q q 0 0 0 rg BT 373.38 185.20 Td (above. ) Tj ET Q q 0 0 0 rg BT 399.38 185.20 Td (If ) Tj ET Q q 0 0 0 rg BT 407.64 185.20 Td (we ) Tj ET Q q 0 0 0 rg BT 420.40 185.20 Td (were ) Tj ET Q q 0 0 0 rg BT 440.15 185.20 Td (to ) Tj ET Q q 0 0 0 rg BT 449.42 185.20 Td (be ) Tj ET Q q 0 0 0 rg BT 460.18 185.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 486.93 185.20 Td (as ) Tj ET Q q 0 0 0 rg BT 496.69 185.20 Td (a ) Tj ET Q q 0 0 0 rg BT 502.95 185.20 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 526.48 185.20 Td (a ) Tj ET Q q 0 0 0 rg BT 532.74 185.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 551.01 185.20 Td (Holder ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 174.40 Td (would ) Tj ET Q q 0 0 0 rg BT 60.73 174.40 Td (be ) Tj ET Q q 0 0 0 rg BT 71.45 174.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 98.16 174.40 Td (as ) Tj ET Q q 0 0 0 rg BT 107.88 174.40 Td (owning ) Tj ET Q q 0 0 0 rg BT 137.11 174.40 Td (his ) Tj ET Q q 0 0 0 rg BT 149.84 174.40 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 200.55 174.40 Td (share ) Tj ET Q q 0 0 0 rg BT 221.77 174.40 Td (of ) Tj ET Q q 0 0 0 rg BT 231.49 174.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.72 174.40 Td (in ) Tj ET Q q 0 0 0 rg BT 261.94 174.40 Td (each ) Tj ET Q q 0 0 0 rg BT 280.65 174.40 Td (of ) Tj ET Q q 0 0 0 rg BT 290.38 174.40 Td (our ) Tj ET Q q 0 0 0 rg BT 304.60 174.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 349.32 174.40 Td (which ) Tj ET Q q 0 0 0 rg BT 373.55 174.40 Td (is ) Tj ET Q q 0 0 0 rg BT 381.78 174.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 408.48 174.40 Td (as ) Tj ET Q q 0 0 0 rg BT 418.21 174.40 Td (a ) Tj ET Q q 0 0 0 rg BT 424.43 174.40 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 445.67 174.40 Td (and ) Tj ET Q q 0 0 0 rg BT 460.89 174.40 Td (such ) Tj ET Q q 0 0 0 rg BT 479.61 174.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 497.85 174.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 525.06 174.40 Td (would ) Tj ET Q q 0 0 0 rg BT 549.79 174.40 Td (need ) Tj ET Q q 0 0 0 rg BT 569.01 174.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 163.60 Td (make ) Tj ET Q q 0 0 0 rg BT 57.86 163.60 Td (a ) Tj ET Q q 0 0 0 rg BT 64.22 163.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 96.06 163.60 Td (QEF ) Tj ET Q q 0 0 0 rg BT 115.43 163.60 Td (election ) Tj ET Q q 0 0 0 rg BT 146.28 163.60 Td (for ) Tj ET Q q 0 0 0 rg BT 159.15 163.60 Td (any ) Tj ET Q q 0 0 0 rg BT 174.51 163.60 Td (such ) Tj ET Q q 0 0 0 rg BT 193.37 163.60 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 240.48 163.60 Td (It ) Tj ET Q q 0 0 0 rg BT 248.35 163.60 Td (should ) Tj ET Q q 0 0 0 rg BT 274.72 163.60 Td (be ) Tj ET Q q 0 0 0 rg BT 285.58 163.60 Td (noted ) Tj ET Q q 0 0 0 rg BT 307.94 163.60 Td (that ) Tj ET Q q 0 0 0 rg BT 323.80 163.60 Td (we ) Tj ET Q q 0 0 0 rg BT 336.66 163.60 Td (may ) Tj ET Q q 0 0 0 rg BT 354.52 163.60 Td (not ) Tj ET Q q 0 0 0 rg BT 368.39 163.60 Td (be ) Tj ET Q q 0 0 0 rg BT 379.25 163.60 Td (able ) Tj ET Q q 0 0 0 rg BT 396.61 163.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.98 163.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 435.83 163.60 Td (such ) Tj ET Q q 0 0 0 rg BT 454.70 163.60 Td (information ) Tj ET Q q 0 0 0 rg BT 499.56 163.60 Td (if ) Tj ET Q q 0 0 0 rg BT 507.42 163.60 Td (we ) Tj ET Q q 0 0 0 rg BT 520.28 163.60 Td (did ) Tj ET Q q 0 0 0 rg BT 534.15 163.60 Td (not ) Tj ET Q q 0 0 0 rg BT 548.02 163.60 Td (become ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.80 Td (aware ) Tj ET Q q 0 0 0 rg BT 59.73 152.80 Td (of ) Tj ET Q q 0 0 0 rg BT 69.48 152.80 Td (our ) Tj ET Q q 0 0 0 rg BT 83.72 152.80 Td (status ) Tj ET Q q 0 0 0 rg BT 106.48 152.80 Td (as ) Tj ET Q q 0 0 0 rg BT 116.22 152.80 Td (a ) Tj ET Q q 0 0 0 rg BT 122.47 152.80 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 143.73 152.80 Td (in ) Tj ET Q q 0 0 0 rg BT 152.98 152.80 Td (a ) Tj ET Q q 0 0 0 rg BT 159.22 152.80 Td (timely ) Tj ET Q q 0 0 0 rg BT 184.47 152.80 Td (manner) Tj ET Q q 0 0 0 rg BT 210.96 152.80 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 125.20 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 125.20 Td (axation ) Tj ET Q q 0 0 0 rg BT 70.93 125.20 Td (of ) Tj ET Q q 0 0 0 rg BT 80.67 125.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 98.93 125.20 Td (Holders ) Tj ET Q q 0 0 0 rg BT 130.68 125.20 Td (Making ) Tj ET Q q 0 0 0 rg BT 161.94 125.20 Td (a ) Tj ET Q q 0 0 0 rg BT 168.69 125.20 Td (Mark-to-Market ) Tj ET Q q 0 0 0 rg BT 240.44 125.20 Td (Election) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 111.40 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 82.90 111.40 Td (, ) Tj ET Q q 0 0 0 rg BT 87.36 111.40 Td (if ) Tj ET Q q 0 0 0 rg BT 95.08 111.40 Td (we ) Tj ET Q q 0 0 0 rg BT 107.79 111.40 Td (were ) Tj ET Q q 0 0 0 rg BT 127.49 111.40 Td (to ) Tj ET Q q 0 0 0 rg BT 136.71 111.40 Td (be ) Tj ET Q q 0 0 0 rg BT 147.42 111.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 174.11 111.40 Td (as ) Tj ET Q q 0 0 0 rg BT 183.83 111.40 Td (a ) Tj ET Q q 0 0 0 rg BT 190.04 111.40 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 211.26 111.40 Td (for ) Tj ET Q q 0 0 0 rg BT 223.97 111.40 Td (any ) Tj ET Q q 0 0 0 rg BT 239.18 111.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 267.38 111.40 Td (year ) Tj ET Q q 0 0 0 rg BT 285.09 111.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 302.55 111.40 Td (as ) Tj ET Q q 0 0 0 rg BT 312.26 111.40 Td (we ) Tj ET Q q 0 0 0 rg BT 324.97 111.40 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 364.42 111.40 Td (our ) Tj ET Q q 0 0 0 rg BT 378.63 111.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 403.34 111.40 Td (are ) Tj ET Q q 0 0 0 rg BT 416.54 111.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 443.24 111.40 Td (as ) Tj ET Q q 0 0 0 rg BT 452.95 111.40 Td (marketable ) Tj ET Q q 0 0 0 rg BT 499.14 111.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 526.59 111.40 Td (a ) Tj ET Q q 0 0 0 rg BT 532.81 111.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 551.03 111.40 Td (Holder ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 100.60 Td (would ) Tj ET Q q 0 0 0 rg BT 61.13 100.60 Td (be ) Tj ET Q q 0 0 0 rg BT 72.26 100.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 103.38 100.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.01 100.60 Td (make ) Tj ET Q q 0 0 0 rg BT 135.14 100.60 Td (a ) Tj ET Q q 0 0 0 rg BT 141.76 100.60 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 208.86 100.60 Td (election ) Tj ET Q q 0 0 0 rg BT 239.98 100.60 Td (with ) Tj ET Q q 0 0 0 rg BT 258.61 100.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 286.73 100.60 Td (to ) Tj ET Q q 0 0 0 rg BT 296.36 100.60 Td (our ) Tj ET Q q 0 0 0 rg BT 310.99 100.60 Td (common ) Tj ET Q q 0 0 0 rg BT 345.12 100.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 372.49 100.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 407.11 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.74 100.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 439.38 100.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 467.00 100.60 Td (completes ) Tj ET Q q 0 0 0 rg BT 506.12 100.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.75 100.60 Td (files ) Tj ET Q q 0 0 0 rg BT 539.88 100.60 Td (IRS ) Tj ET Q q 0 0 0 rg BT 556.51 100.60 Td (Form ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 89.80 Td (8621 ) Tj ET Q q 0 0 0 rg BT 56.20 89.80 Td (in ) Tj ET Q q 0 0 0 rg BT 65.39 89.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 108.05 89.80 Td (with ) Tj ET Q q 0 0 0 rg BT 126.25 89.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.44 89.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 170.61 89.80 Td (instructions ) Tj ET Q q 0 0 0 rg BT 214.81 89.80 Td (and ) Tj ET Q q 0 0 0 rg BT 230.00 89.80 Td (related ) Tj ET Q q 0 0 0 rg BT 256.52 89.80 Td (T) Tj ET Q q 0 0 0 rg BT 261.70 89.80 Td (reasury ) Tj ET Q q 0 0 0 rg BT 290.38 89.80 Td (Regulations. ) Tj ET Q q 0 0 0 rg BT 337.66 89.80 Td (The ) Tj ET Q q 0 0 0 rg BT 353.85 89.80 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 420.51 89.80 Td (election ) Tj ET Q q 0 0 0 rg BT 451.19 89.80 Td (will ) Tj ET Q q 0 0 0 rg BT 467.39 89.80 Td (not ) Tj ET Q q 0 0 0 rg BT 481.08 89.80 Td (be ) Tj ET Q q 0 0 0 rg BT 491.77 89.80 Td (available ) Tj ET Q q 0 0 0 rg BT 526.45 89.80 Td (for ) Tj ET Q q 0 0 0 rg BT 539.14 89.80 Td (any ) Tj ET Q q 0 0 0 rg BT 554.33 89.80 Td (of ) Tj ET Q q 0 0 0 rg BT 564.02 89.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 79.00 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 83.46 79.00 Td (If ) Tj ET Q q 0 0 0 rg BT 92.16 79.00 Td (that ) Tj ET Q q 0 0 0 rg BT 108.37 79.00 Td (election ) Tj ET Q q 0 0 0 rg BT 139.57 79.00 Td (is ) Tj ET Q q 0 0 0 rg BT 148.28 79.00 Td (made, ) Tj ET Q q 0 0 0 rg BT 172.73 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.44 79.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 205.15 79.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 232.86 79.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 269.05 79.00 Td (would ) Tj ET Q q 0 0 0 rg BT 294.26 79.00 Td (include ) Tj ET Q q 0 0 0 rg BT 323.46 79.00 Td (as ) Tj ET Q q 0 0 0 rg BT 333.67 79.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 366.87 79.00 Td (income ) Tj ET Q q 0 0 0 rg BT 396.07 79.00 Td (in ) Tj ET Q q 0 0 0 rg BT 405.79 79.00 Td (each ) Tj ET Q q 0 0 0 rg BT 424.98 79.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 453.68 79.00 Td (year ) Tj ET Q q 0 0 0 rg BT 471.88 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 485.58 79.00 Td (excess, ) Tj ET Q q 0 0 0 rg BT 514.03 79.00 Td (if ) Tj ET Q q 0 0 0 rg BT 522.24 79.00 Td (any) Tj ET Q q 0 0 0 rg BT 534.65 79.00 Td (, ) Tj ET Q q 0 0 0 rg BT 539.61 79.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.82 79.00 Td (the ) Tj ET Q q 0 0 0 rg BT 563.53 79.00 Td (fair ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 68.20 Td (market ) Tj ET Q q 0 0 0 rg BT 63.30 68.20 Td (value ) Tj ET Q q 0 0 0 rg BT 85.11 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 94.92 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 108.24 68.20 Td (common ) Tj ET Q q 0 0 0 rg BT 142.05 68.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 166.86 68.20 Td (at ) Tj ET Q q 0 0 0 rg BT 175.67 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.98 68.20 Td (end ) Tj ET Q q 0 0 0 rg BT 204.29 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 214.11 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 227.42 68.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 255.72 68.20 Td (year ) Tj ET Q q 0 0 0 rg BT 273.52 68.20 Td (over ) Tj ET Q q 0 0 0 rg BT 291.83 68.20 Td (such ) Tj ET Q q 0 0 0 rg BT 310.65 68.20 Td (holder) Tj ET Q q 0 0 0 rg BT 333.97 68.20 Td () Tj ET Q q 0 0 0 rg BT 336.47 68.20 Td (s ) Tj ET Q q 0 0 0 rg BT 342.29 68.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 374.60 68.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.91 68.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 408.23 68.20 Td (in ) Tj ET Q q 0 0 0 rg BT 417.55 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 430.86 68.20 Td (common ) Tj ET Q q 0 0 0 rg BT 464.67 68.20 Td (shares. ) Tj ET Q q 0 0 0 rg BT 491.56 68.20 Td (The ) Tj ET Q q 0 0 0 rg BT 507.87 68.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 526.19 68.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 553.50 68.20 Td (would ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 57.40 Td (also ) Tj ET Q q 0 0 0 rg BT 52.44 57.40 Td (be ) Tj ET Q q 0 0 0 rg BT 62.88 57.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 99.31 57.40 Td (an ) Tj ET Q q 0 0 0 rg BT 109.75 57.40 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 142.18 57.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 158.13 57.40 Td (in ) Tj ET Q q 0 0 0 rg BT 167.07 57.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 194.50 57.40 Td (of ) Tj ET Q q 0 0 0 rg BT 203.94 57.40 Td (the ) Tj ET Q q 0 0 0 rg BT 216.88 57.40 Td (excess, ) Tj ET Q q 0 0 0 rg BT 244.56 57.40 Td (if ) Tj ET Q q 0 0 0 rg BT 252.00 57.40 Td (any) Tj ET Q q 0 0 0 rg BT 264.41 57.40 Td (, ) Tj ET Q q 0 0 0 rg BT 268.61 57.40 Td (of ) Tj ET Q q 0 0 0 rg BT 278.05 57.40 Td (the ) Tj ET Q q 0 0 0 rg BT 290.99 57.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 308.93 57.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 334.26 57.40 Td () Tj ET Q q 0 0 0 rg BT 336.76 57.40 Td (s ) Tj ET Q q 0 0 0 rg BT 342.21 57.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 374.14 57.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.08 57.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 407.02 57.40 Td (in ) Tj ET Q q 0 0 0 rg BT 415.97 57.40 Td (the ) Tj ET Q q 0 0 0 rg BT 428.91 57.40 Td (common ) Tj ET Q q 0 0 0 rg BT 462.34 57.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 486.78 57.40 Td (over ) Tj ET Q q 0 0 0 rg BT 504.71 57.40 Td (its ) Tj ET Q q 0 0 0 rg BT 515.16 57.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.59 57.40 Td (market ) Tj ET Q q 0 0 0 rg BT 556.52 57.40 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 46.60 Td (at ) Tj ET Q q 0 0 0 rg BT 44.73 46.60 Td (the ) Tj ET Q q 0 0 0 rg BT 57.96 46.60 Td (end ) Tj ET Q q 0 0 0 rg BT 73.18 46.60 Td (of ) Tj ET Q q 0 0 0 rg BT 82.91 46.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.14 46.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 124.36 46.60 Td (year) Tj ET Q q 0 0 0 rg BT 139.48 46.60 Td (, ) Tj ET Q q 0 0 0 rg BT 143.96 46.60 Td (but ) Tj ET Q q 0 0 0 rg BT 157.70 46.60 Td (only ) Tj ET Q q 0 0 0 rg BT 175.93 46.60 Td (to ) Tj ET Q q 0 0 0 rg BT 185.16 46.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.39 46.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 222.61 46.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.34 46.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.57 46.60 Td (net ) Tj ET Q q 0 0 0 rg BT 258.80 46.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 288.03 46.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 328.25 46.60 Td (included ) Tj ET Q q 0 0 0 rg BT 361.48 46.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.71 46.60 Td (income ) Tj ET Q q 0 0 0 rg BT 399.43 46.60 Td (as ) Tj ET Q q 0 0 0 rg BT 409.16 46.60 Td (a ) Tj ET Q q 0 0 0 rg BT 415.39 46.60 Td (result ) Tj ET Q q 0 0 0 rg BT 437.62 46.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.35 46.60 Td (the ) Tj ET Q q 0 0 0 rg BT 460.57 46.60 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 519.28 46.60 Td (election. ) Tj ET Q q 0 0 0 rg BT 551.75 46.60 Td (A) Tj ET Q q 0 0 0 rg BT 557.76 46.60 Td ( ) Tj ET Q q 0 0 0 rg BT 559.99 46.60 Td (U.S. ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Holder) Tj ET Q q 0 0 0 rg BT 61.33 749.80 Td () Tj ET Q q 0 0 0 rg BT 63.83 749.80 Td (s ) Tj ET Q q 0 0 0 rg BT 70.06 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 83.79 749.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 104.52 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 114.25 749.80 Td (his ) Tj ET Q q 0 0 0 rg BT 127.49 749.80 Td (common ) Tj ET Q q 0 0 0 rg BT 161.72 749.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 186.94 749.80 Td (would ) Tj ET Q q 0 0 0 rg BT 212.17 749.80 Td (be ) Tj ET Q q 0 0 0 rg BT 223.40 749.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 256.13 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 265.86 749.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 291.57 749.80 Td (any ) Tj ET Q q 0 0 0 rg BT 307.30 749.80 Td (such ) Tj ET Q q 0 0 0 rg BT 326.53 749.80 Td (income ) Tj ET Q q 0 0 0 rg BT 355.75 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 365.98 749.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 382.72 749.80 Td (amount. ) Tj ET Q q 0 0 0 rg BT 414.69 749.80 Td (Gain ) Tj ET Q q 0 0 0 rg BT 434.92 749.80 Td (realized ) Tj ET Q q 0 0 0 rg BT 466.13 749.80 Td (on ) Tj ET Q q 0 0 0 rg BT 477.86 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 491.59 749.80 Td (sale, ) Tj ET Q q 0 0 0 rg BT 510.56 749.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 547.28 749.80 Td (or ) Tj ET Q q 0 0 0 rg BT 557.51 749.80 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (disposition ) Tj ET Q q 0 0 0 rg BT 77.62 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 87.22 739.00 Td (our ) Tj ET Q q 0 0 0 rg BT 101.33 739.00 Td (common ) Tj ET Q q 0 0 0 rg BT 134.94 739.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 159.54 739.00 Td (would ) Tj ET Q q 0 0 0 rg BT 184.15 739.00 Td (be ) Tj ET Q q 0 0 0 rg BT 194.75 739.00 Td (treated ) Tj ET Q q 0 0 0 rg BT 221.35 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 230.95 739.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 263.55 739.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 294.40 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 309.51 739.00 Td (any ) Tj ET Q q 0 0 0 rg BT 324.61 739.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 340.73 739.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 371.32 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 382.43 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.53 739.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 413.89 739.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 449.97 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 459.58 739.00 Td (other ) Tj ET Q q 0 0 0 rg BT 480.18 739.00 Td (disposition ) Tj ET Q q 0 0 0 rg BT 521.80 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 531.41 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 544.51 739.00 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 60.62 728.20 Td (would ) Tj ET Q q 0 0 0 rg BT 85.24 728.20 Td (be ) Tj ET Q q 0 0 0 rg BT 95.86 728.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 122.47 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 132.09 728.20 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 164.71 728.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 180.84 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 189.97 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 203.09 728.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 227.21 728.20 Td (that ) Tj ET Q q 0 0 0 rg BT 242.83 728.20 Td (such ) Tj ET Q q 0 0 0 rg BT 261.45 728.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 277.58 728.20 Td (does ) Tj ET Q q 0 0 0 rg BT 296.20 728.20 Td (not ) Tj ET Q q 0 0 0 rg BT 309.83 728.20 Td (exceed ) Tj ET Q q 0 0 0 rg BT 336.94 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.06 728.20 Td (net ) Tj ET Q q 0 0 0 rg BT 363.18 728.20 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 421.78 728.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 442.90 728.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 483.02 728.20 Td (included ) Tj ET Q q 0 0 0 rg BT 516.14 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 525.26 728.20 Td (income ) Tj ET Q q 0 0 0 rg BT 553.88 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 565.01 728.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 54.25 717.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 78.75 717.40 Td (. ) Tj ET Q q 0 0 0 rg BT 83.25 717.40 Td (It ) Tj ET Q q 0 0 0 rg BT 91.00 717.40 Td (should ) Tj ET Q q 0 0 0 rg BT 117.25 717.40 Td (be ) Tj ET Q q 0 0 0 rg BT 128.00 717.40 Td (noted ) Tj ET Q q 0 0 0 rg BT 150.24 717.40 Td (that ) Tj ET Q q 0 0 0 rg BT 165.99 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 717.40 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 237.96 717.40 Td (election ) Tj ET Q q 0 0 0 rg BT 268.69 717.40 Td (would ) Tj ET Q q 0 0 0 rg BT 293.44 717.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 316.19 717.40 Td (not ) Tj ET Q q 0 0 0 rg BT 329.94 717.40 Td (be ) Tj ET Q q 0 0 0 rg BT 340.68 717.40 Td (available ) Tj ET Q q 0 0 0 rg BT 375.41 717.40 Td (for ) Tj ET Q q 0 0 0 rg BT 388.16 717.40 Td (any ) Tj ET Q q 0 0 0 rg BT 403.40 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 413.15 717.40 Td (our ) Tj ET Q q 0 0 0 rg BT 427.39 717.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 472.14 717.40 Td (which ) Tj ET Q q 0 0 0 rg BT 496.38 717.40 Td (are ) Tj ET Q q 0 0 0 rg BT 509.62 717.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 536.35 717.40 Td (as ) Tj ET Q q 0 0 0 rg BT 546.10 717.40 Td (PFICs.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (T) Tj ET Q q 0 0 0 rg BT 40.67 689.80 Td (axation ) Tj ET Q q 0 0 0 rg BT 70.93 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 80.67 689.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 98.93 689.80 Td (Holders ) Tj ET Q q 0 0 0 rg BT 130.68 689.80 Td (Not ) Tj ET Q q 0 0 0 rg BT 146.43 689.80 Td (Making ) Tj ET Q q 0 0 0 rg BT 177.69 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 184.44 689.80 Td (T) Tj ET Q q 0 0 0 rg BT 189.60 689.80 Td (imely ) Tj ET Q q 0 0 0 rg BT 211.84 689.80 Td (QEF) Tj ET Q q 0 0 0 rg BT 230.19 689.80 Td ( ) Tj ET Q q 0 0 0 rg BT 232.44 689.80 Td (or ) Tj ET Q q 0 0 0 rg BT 242.69 689.80 Td (Mark-to-Market ) Tj ET Q q 0 0 0 rg BT 305.44 689.80 Td (Election) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (Finally) Tj ET Q q 0 0 0 rg BT 60.92 676.00 Td (, ) Tj ET Q q 0 0 0 rg BT 65.30 676.00 Td (if ) Tj ET Q q 0 0 0 rg BT 72.93 676.00 Td (we ) Tj ET Q q 0 0 0 rg BT 85.55 676.00 Td (were ) Tj ET Q q 0 0 0 rg BT 105.17 676.00 Td (to ) Tj ET Q q 0 0 0 rg BT 114.30 676.00 Td (be ) Tj ET Q q 0 0 0 rg BT 124.92 676.00 Td (treated ) Tj ET Q q 0 0 0 rg BT 151.53 676.00 Td (as ) Tj ET Q q 0 0 0 rg BT 161.16 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 167.29 676.00 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 188.43 676.00 Td (for ) Tj ET Q q 0 0 0 rg BT 201.05 676.00 Td (any ) Tj ET Q q 0 0 0 rg BT 216.18 676.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 244.29 676.00 Td (year) Tj ET Q q 0 0 0 rg BT 259.42 676.00 Td (, ) Tj ET Q q 0 0 0 rg BT 263.80 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 269.92 676.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 288.06 676.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 315.18 676.00 Td (who ) Tj ET Q q 0 0 0 rg BT 332.81 676.00 Td (does ) Tj ET Q q 0 0 0 rg BT 351.44 676.00 Td (not ) Tj ET Q q 0 0 0 rg BT 365.07 676.00 Td (make ) Tj ET Q q 0 0 0 rg BT 386.69 676.00 Td (either ) Tj ET Q q 0 0 0 rg BT 409.31 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 415.43 676.00 Td (QEF ) Tj ET Q q 0 0 0 rg BT 434.56 676.00 Td (election ) Tj ET Q q 0 0 0 rg BT 465.18 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 474.81 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 480.93 676.00 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 547.53 676.00 Td (election ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (for ) Tj ET Q q 0 0 0 rg BT 48.43 665.20 Td (that ) Tj ET Q q 0 0 0 rg BT 63.86 665.20 Td (year) Tj ET Q q 0 0 0 rg BT 78.99 665.20 Td (, ) Tj ET Q q 0 0 0 rg BT 83.17 665.20 Td (whom ) Tj ET Q q 0 0 0 rg BT 107.61 665.20 Td (we ) Tj ET Q q 0 0 0 rg BT 120.04 665.20 Td (refer ) Tj ET Q q 0 0 0 rg BT 138.96 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 147.89 665.20 Td (as ) Tj ET Q q 0 0 0 rg BT 157.33 665.20 Td (a ) Tj ET Q q 0 0 0 rg BT 163.26 665.20 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 217.67 665.20 Td (Holder) Tj ET Q q 0 0 0 rg BT 242.30 665.20 Td (, ) Tj ET Q q 0 0 0 rg BT 250.48 665.20 Td (would ) Tj ET Q q 0 0 0 rg BT 274.92 665.20 Td (be ) Tj ET Q q 0 0 0 rg BT 285.35 665.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 312.78 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 321.72 665.20 Td (special ) Tj ET Q q 0 0 0 rg BT 348.64 665.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 368.07 665.20 Td (with ) Tj ET Q q 0 0 0 rg BT 386.01 665.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 413.43 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 422.36 665.20 Td (\(1\)any ) Tj ET Q q 0 0 0 rg BT 450.04 665.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 475.46 665.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 518.90 665.20 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 537.08 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 550.01 665.20 Td (portion ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (of ) Tj ET Q q 0 0 0 rg BT 46.61 654.40 Td (any ) Tj ET Q q 0 0 0 rg BT 62.72 654.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 110.83 654.40 Td (received ) Tj ET Q q 0 0 0 rg BT 144.42 654.40 Td (by ) Tj ET Q q 0 0 0 rg BT 156.53 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.64 654.40 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 222.24 654.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 250.34 654.40 Td (on ) Tj ET Q q 0 0 0 rg BT 262.45 654.40 Td (our ) Tj ET Q q 0 0 0 rg BT 277.56 654.40 Td (common ) Tj ET Q q 0 0 0 rg BT 312.17 654.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 337.78 654.40 Td (in ) Tj ET Q q 0 0 0 rg BT 347.89 654.40 Td (a ) Tj ET Q q 0 0 0 rg BT 355.00 654.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 384.09 654.40 Td (year ) Tj ET Q q 0 0 0 rg BT 402.69 654.40 Td (in ) Tj ET Q q 0 0 0 rg BT 412.80 654.40 Td (excess ) Tj ET Q q 0 0 0 rg BT 439.40 654.40 Td (of ) Tj ET Q q 0 0 0 rg BT 450.01 654.40 Td (125 ) Tj ET Q q 0 0 0 rg BT 466.63 654.40 Td (percent ) Tj ET Q q 0 0 0 rg BT 496.22 654.40 Td (of ) Tj ET Q q 0 0 0 rg BT 506.83 654.40 Td (the ) Tj ET Q q 0 0 0 rg BT 520.94 654.40 Td (average ) Tj ET Q q 0 0 0 rg BT 552.02 654.40 Td (annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 83.32 643.60 Td (received ) Tj ET Q q 0 0 0 rg BT 116.11 643.60 Td (by ) Tj ET Q q 0 0 0 rg BT 127.43 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.74 643.60 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 191.54 643.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 218.85 643.60 Td (in ) Tj ET Q q 0 0 0 rg BT 228.16 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.48 643.60 Td (three ) Tj ET Q q 0 0 0 rg BT 261.78 643.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 299.58 643.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 327.88 643.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 351.43 643.60 Td (or) Tj ET Q q 0 0 0 rg BT 358.57 643.60 Td (, ) Tj ET Q q 0 0 0 rg BT 363.13 643.60 Td (if ) Tj ET Q q 0 0 0 rg BT 370.95 643.60 Td (shorter) Tj ET Q q 0 0 0 rg BT 395.58 643.60 Td (, ) Tj ET Q q 0 0 0 rg BT 400.14 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.46 643.60 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 464.26 643.60 Td (Holder) Tj ET Q q 0 0 0 rg BT 489.58 643.60 Td () Tj ET Q q 0 0 0 rg BT 492.08 643.60 Td (s ) Tj ET Q q 0 0 0 rg BT 497.90 643.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 527.72 643.60 Td (period ) Tj ET Q q 0 0 0 rg BT 553.03 643.60 Td (before ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 48.94 632.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 76.87 632.80 Td (year ) Tj ET Q q 0 0 0 rg BT 94.30 632.80 Td (for ) Tj ET Q q 0 0 0 rg BT 106.74 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.68 632.80 Td (common ) Tj ET Q q 0 0 0 rg BT 153.13 632.80 Td (shares\), ) Tj ET Q q 0 0 0 rg BT 182.81 632.80 Td (and ) Tj ET Q q 0 0 0 rg BT 197.75 632.80 Td (\(2\)any ) Tj ET Q q 0 0 0 rg BT 225.44 632.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 242.88 632.80 Td (realized ) Tj ET Q q 0 0 0 rg BT 273.30 632.80 Td (on ) Tj ET Q q 0 0 0 rg BT 284.24 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.19 632.80 Td (sale, ) Tj ET Q q 0 0 0 rg BT 315.37 632.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 351.30 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 360.74 632.80 Td (other ) Tj ET Q q 0 0 0 rg BT 381.18 632.80 Td (disposition ) Tj ET Q q 0 0 0 rg BT 422.63 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 432.07 632.80 Td (our ) Tj ET Q q 0 0 0 rg BT 446.02 632.80 Td (common ) Tj ET Q q 0 0 0 rg BT 479.46 632.80 Td (shares. ) Tj ET Q q 0 0 0 rg BT 506.15 632.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 530.58 632.80 Td (these ) Tj ET Q q 0 0 0 rg BT 551.02 632.80 Td (special ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.00 Td (rules:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 608.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 608.20 Td (excess ) Tj ET Q q 0 0 0 rg BT 101.98 608.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 145.74 608.20 Td (or ) Tj ET Q q 0 0 0 rg BT 155.48 608.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 173.23 608.20 Td (would ) Tj ET Q q 0 0 0 rg BT 197.98 608.20 Td (be ) Tj ET Q q 0 0 0 rg BT 208.72 608.20 Td (allocated ) Tj ET Q q 0 0 0 rg BT 243.45 608.20 Td (ratably ) Tj ET Q q 0 0 0 rg BT 270.69 608.20 Td (over ) Tj ET Q q 0 0 0 rg BT 288.93 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 302.18 608.20 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 352.91 608.20 Td (Holders) Tj ET Q q 0 0 0 rg BT 383.73 608.20 Td ( ) Tj ET Q q 0 0 0 rg BT 385.98 608.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 423.21 608.20 Td (holding ) Tj ET Q q 0 0 0 rg BT 452.96 608.20 Td (period ) Tj ET Q q 0 0 0 rg BT 478.20 608.20 Td (for ) Tj ET Q q 0 0 0 rg BT 490.95 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 504.19 608.20 Td (common ) Tj ET Q q 0 0 0 rg BT 537.94 608.20 Td (shares;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 594.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 76.25 594.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 105.49 594.40 Td (allocated ) Tj ET Q q 0 0 0 rg BT 140.22 594.40 Td (to ) Tj ET Q q 0 0 0 rg BT 149.47 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 162.72 594.40 Td (current ) Tj ET Q q 0 0 0 rg BT 190.45 594.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 218.69 594.40 Td (year ) Tj ET Q q 0 0 0 rg BT 236.42 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 251.67 594.40 Td (any ) Tj ET Q q 0 0 0 rg BT 266.91 594.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 295.15 594.40 Td (year ) Tj ET Q q 0 0 0 rg BT 312.88 594.40 Td (before ) Tj ET Q q 0 0 0 rg BT 338.12 594.40 Td (we ) Tj ET Q q 0 0 0 rg BT 350.86 594.40 Td (became ) Tj ET Q q 0 0 0 rg BT 380.59 594.40 Td (a ) Tj ET Q q 0 0 0 rg BT 386.83 594.40 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 408.09 594.40 Td (would ) Tj ET Q q 0 0 0 rg BT 432.84 594.40 Td (be ) Tj ET Q q 0 0 0 rg BT 443.59 594.40 Td (taxed ) Tj ET Q q 0 0 0 rg BT 465.33 594.40 Td (as ) Tj ET Q q 0 0 0 rg BT 475.08 594.40 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 507.81 594.40 Td (income; ) Tj ET Q q 0 0 0 rg BT 539.06 594.40 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 580.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.82 580.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 106.65 580.60 Td (allocated ) Tj ET Q q 0 0 0 rg BT 141.96 580.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.78 580.60 Td (each ) Tj ET Q q 0 0 0 rg BT 171.10 580.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.42 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.24 580.60 Td (other ) Tj ET Q q 0 0 0 rg BT 216.56 580.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 245.38 580.60 Td (years ) Tj ET Q q 0 0 0 rg BT 267.19 580.60 Td (would ) Tj ET Q q 0 0 0 rg BT 292.52 580.60 Td (be ) Tj ET Q q 0 0 0 rg BT 303.85 580.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 332.17 580.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.99 580.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 355.82 580.60 Td (at ) Tj ET Q q 0 0 0 rg BT 365.14 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.96 580.60 Td (highest ) Tj ET Q q 0 0 0 rg BT 407.79 580.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 424.11 580.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.43 580.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 448.25 580.60 Td (in ) Tj ET Q q 0 0 0 rg BT 458.08 580.60 Td (ef) Tj ET Q q 0 0 0 rg BT 464.91 580.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 481.23 580.60 Td (for ) Tj ET Q q 0 0 0 rg BT 494.55 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.37 580.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 548.18 580.60 Td (class ) Tj ET Q q 0 0 0 rg BT 568.50 580.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 569.80 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 96.20 569.80 Td (for ) Tj ET Q q 0 0 0 rg BT 108.91 569.80 Td (that ) Tj ET Q q 0 0 0 rg BT 124.62 569.80 Td (year) Tj ET Q q 0 0 0 rg BT 139.75 569.80 Td (, ) Tj ET Q q 0 0 0 rg BT 144.22 569.80 Td (and ) Tj ET Q q 0 0 0 rg BT 159.43 569.80 Td (an ) Tj ET Q q 0 0 0 rg BT 170.14 569.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 198.85 569.80 Td (char) Tj ET Q q 0 0 0 rg BT 214.17 569.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 224.88 569.80 Td (for ) Tj ET Q q 0 0 0 rg BT 237.59 569.80 Td (the ) Tj ET Q q 0 0 0 rg BT 250.81 569.80 Td (deemed ) Tj ET Q q 0 0 0 rg BT 281.01 569.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 294.22 569.80 Td (deferral ) Tj ET Q q 0 0 0 rg BT 324.41 569.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 351.62 569.80 Td (would ) Tj ET Q q 0 0 0 rg BT 376.34 569.80 Td (be ) Tj ET Q q 0 0 0 rg BT 387.05 569.80 Td (imposed ) Tj ET Q q 0 0 0 rg BT 419.76 569.80 Td (with ) Tj ET Q q 0 0 0 rg BT 437.98 569.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 465.68 569.80 Td (to ) Tj ET Q q 0 0 0 rg BT 474.90 569.80 Td (the ) Tj ET Q q 0 0 0 rg BT 488.11 569.80 Td (resulting ) Tj ET Q q 0 0 0 rg BT 521.83 569.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 535.04 569.80 Td (attributable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 559.00 Td (to ) Tj ET Q q 0 0 0 rg BT 72.25 559.00 Td (each ) Tj ET Q q 0 0 0 rg BT 90.98 559.00 Td (such ) Tj ET Q q 0 0 0 rg BT 109.73 559.00 Td (other ) Tj ET Q q 0 0 0 rg BT 130.47 559.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 158.71 559.00 Td (year) Tj ET Q q 0 0 0 rg BT 173.70 559.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 531.40 Td (These ) Tj ET Q q 0 0 0 rg BT 59.52 531.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 79.05 531.40 Td (would ) Tj ET Q q 0 0 0 rg BT 103.58 531.40 Td (not ) Tj ET Q q 0 0 0 rg BT 117.12 531.40 Td (apply ) Tj ET Q q 0 0 0 rg BT 139.15 531.40 Td (to ) Tj ET Q q 0 0 0 rg BT 148.18 531.40 Td (a ) Tj ET Q q 0 0 0 rg BT 154.21 531.40 Td (pension ) Tj ET Q q 0 0 0 rg BT 184.24 531.40 Td (or ) Tj ET Q q 0 0 0 rg BT 193.77 531.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 215.80 531.40 Td (sharing ) Tj ET Q q 0 0 0 rg BT 244.33 531.40 Td (trust ) Tj ET Q q 0 0 0 rg BT 262.36 531.40 Td (or ) Tj ET Q q 0 0 0 rg BT 271.89 531.40 Td (other ) Tj ET Q q 0 0 0 rg BT 292.42 531.40 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 334.94 531.40 Td (or) Tj ET Q q 0 0 0 rg BT 342.27 531.40 Td (ganization ) Tj ET Q q 0 0 0 rg BT 381.79 531.40 Td (that ) Tj ET Q q 0 0 0 rg BT 397.32 531.40 Td (did ) Tj ET Q q 0 0 0 rg BT 410.85 531.40 Td (not ) Tj ET Q q 0 0 0 rg BT 424.39 531.40 Td (borrow ) Tj ET Q q 0 0 0 rg BT 452.42 531.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 474.45 531.40 Td (or ) Tj ET Q q 0 0 0 rg BT 483.98 531.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 521.00 531.40 Td (utilize ) Tj ET Q q 0 0 0 rg BT 545.53 531.40 Td (leverage ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.51 520.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 87.50 520.60 Td (with ) Tj ET Q q 0 0 0 rg BT 106.00 520.60 Td (its ) Tj ET Q q 0 0 0 rg BT 117.01 520.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 159.01 520.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.01 520.60 Td (our ) Tj ET Q q 0 0 0 rg BT 183.51 520.60 Td (common ) Tj ET Q q 0 0 0 rg BT 217.51 520.60 Td (shares. ) Tj ET Q q 0 0 0 rg BT 244.76 520.60 Td (If ) Tj ET Q q 0 0 0 rg BT 253.26 520.60 Td (a ) Tj ET Q q 0 0 0 rg BT 259.76 520.60 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 310.75 520.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 338.24 520.60 Td (who ) Tj ET Q q 0 0 0 rg BT 356.25 520.60 Td (is ) Tj ET Q q 0 0 0 rg BT 364.75 520.60 Td (an ) Tj ET Q q 0 0 0 rg BT 375.75 520.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 414.76 520.60 Td (dies ) Tj ET Q q 0 0 0 rg BT 431.76 520.60 Td (while ) Tj ET Q q 0 0 0 rg BT 454.26 520.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 483.76 520.60 Td (our ) Tj ET Q q 0 0 0 rg BT 498.27 520.60 Td (common ) Tj ET Q q 0 0 0 rg BT 532.27 520.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 559.51 520.60 Td (such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.80 Td (holder) Tj ET Q q 0 0 0 rg BT 59.33 509.80 Td () Tj ET Q q 0 0 0 rg BT 61.83 509.80 Td (s ) Tj ET Q q 0 0 0 rg BT 67.58 509.80 Td (successor ) Tj ET Q q 0 0 0 rg BT 104.32 509.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 140.05 509.80 Td (would ) Tj ET Q q 0 0 0 rg BT 164.80 509.80 Td (not ) Tj ET Q q 0 0 0 rg BT 178.55 509.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 206.78 509.80 Td (a ) Tj ET Q q 0 0 0 rg BT 213.02 509.80 Td (step-up ) Tj ET Q q 0 0 0 rg BT 241.77 509.80 Td (in ) Tj ET Q q 0 0 0 rg BT 251.02 509.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.26 509.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 284.51 509.80 Td (with ) Tj ET Q q 0 0 0 rg BT 302.76 509.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 330.50 509.80 Td (to ) Tj ET Q q 0 0 0 rg BT 339.75 509.80 Td (such ) Tj ET Q q 0 0 0 rg BT 358.49 509.80 Td (shares.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 482.20 Td (United ) Tj ET Q q 0 0 0 rg BT 64.25 482.20 Td (States ) Tj ET Q q 0 0 0 rg BT 89.50 482.20 Td (Federal ) Tj ET Q q 0 0 0 rg BT 121.24 482.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 151.82 482.20 Td (T) Tj ET Q q 0 0 0 rg BT 156.99 482.20 Td (axation ) Tj ET Q q 0 0 0 rg BT 187.75 482.20 Td (of ) Tj ET Q q 0 0 0 rg BT 197.49 482.20 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 239.25 482.20 Td (Holders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 468.40 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 468.40 Td ( ) Tj ET Q q 0 0 0 rg BT 44.25 468.40 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 81.98 468.40 Td (owner ) Tj ET Q q 0 0 0 rg BT 106.72 468.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.47 468.40 Td (our ) Tj ET Q q 0 0 0 rg BT 130.72 468.40 Td (common ) Tj ET Q q 0 0 0 rg BT 164.46 468.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 189.20 468.40 Td (that ) Tj ET Q q 0 0 0 rg BT 204.95 468.40 Td (is ) Tj ET Q q 0 0 0 rg BT 213.20 468.40 Td (not ) Tj ET Q q 0 0 0 rg BT 226.95 468.40 Td (a ) Tj ET Q q 0 0 0 rg BT 233.20 468.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 251.45 468.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 278.69 468.40 Td (is ) Tj ET Q q 0 0 0 rg BT 286.95 468.40 Td (referred ) Tj ET Q q 0 0 0 rg BT 317.67 468.40 Td (to ) Tj ET Q q 0 0 0 rg BT 326.92 468.40 Td (herein ) Tj ET Q q 0 0 0 rg BT 351.65 468.40 Td (as ) Tj ET Q q 0 0 0 rg BT 361.40 468.40 Td (a ) Tj ET Q q 0 0 0 rg BT 367.65 468.40 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 408.39 468.40 Td (Holder) Tj ET Q q 0 0 0 rg BT 432.89 468.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 454.60 Td (If ) Tj ET Q q 0 0 0 rg BT 44.30 454.60 Td (a ) Tj ET Q q 0 0 0 rg BT 50.60 454.60 Td (partnership ) Tj ET Q q 0 0 0 rg BT 93.39 454.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 115.20 454.60 Td (our ) Tj ET Q q 0 0 0 rg BT 129.50 454.60 Td (common ) Tj ET Q q 0 0 0 rg BT 163.30 454.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 190.35 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.65 454.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.95 454.60 Td (treatment ) Tj ET Q q 0 0 0 rg BT 253.24 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.04 454.60 Td (a ) Tj ET Q q 0 0 0 rg BT 269.34 454.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 297.13 454.60 Td (will ) Tj ET Q q 0 0 0 rg BT 313.43 454.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 349.22 454.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 377.52 454.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 397.82 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.12 454.60 Td (status ) Tj ET Q q 0 0 0 rg BT 433.93 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.73 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.03 454.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 484.82 454.60 Td (and ) Tj ET Q q 0 0 0 rg BT 500.12 454.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 520.42 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.72 454.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 568.52 454.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 443.80 Td (partnership. ) Tj ET Q q 0 0 0 rg BT 94.23 443.80 Td (If ) Tj ET Q q 0 0 0 rg BT 102.48 443.80 Td (you ) Tj ET Q q 0 0 0 rg BT 118.23 443.80 Td (are ) Tj ET Q q 0 0 0 rg BT 131.46 443.80 Td (a ) Tj ET Q q 0 0 0 rg BT 137.71 443.80 Td (partner ) Tj ET Q q 0 0 0 rg BT 165.44 443.80 Td (in ) Tj ET Q q 0 0 0 rg BT 174.69 443.80 Td (a ) Tj ET Q q 0 0 0 rg BT 180.94 443.80 Td (partnership ) Tj ET Q q 0 0 0 rg BT 223.67 443.80 Td (holding ) Tj ET Q q 0 0 0 rg BT 253.42 443.80 Td (our ) Tj ET Q q 0 0 0 rg BT 267.67 443.80 Td (common ) Tj ET Q q 0 0 0 rg BT 301.42 443.80 Td (shares, ) Tj ET Q q 0 0 0 rg BT 328.41 443.80 Td (your ) Tj ET Q q 0 0 0 rg BT 347.15 443.80 Td (are ) Tj ET Q q 0 0 0 rg BT 360.39 443.80 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 404.12 443.80 Td (to ) Tj ET Q q 0 0 0 rg BT 413.37 443.80 Td (consult ) Tj ET Q q 0 0 0 rg BT 441.62 443.80 Td (your ) Tj ET Q q 0 0 0 rg BT 460.36 443.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.61 443.80 Td (advisor) Tj ET Q q 0 0 0 rg BT 499.61 443.80 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 416.20 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 75.25 416.20 Td (on ) Tj ET Q q 0 0 0 rg BT 87.00 416.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 123.26 416.20 Td (Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 402.40 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 73.03 402.40 Td (Holders ) Tj ET Q q 0 0 0 rg BT 104.05 402.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 140.06 402.40 Td (will ) Tj ET Q q 0 0 0 rg BT 156.59 402.40 Td (not ) Tj ET Q q 0 0 0 rg BT 170.62 402.40 Td (be ) Tj ET Q q 0 0 0 rg BT 181.64 402.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.66 402.40 Td (to ) Tj ET Q q 0 0 0 rg BT 219.19 402.40 Td (United ) Tj ET Q q 0 0 0 rg BT 246.21 402.40 Td (States ) Tj ET Q q 0 0 0 rg BT 270.24 402.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 297.74 402.40 Td (income ) Tj ET Q q 0 0 0 rg BT 326.76 402.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.29 402.40 Td (or ) Tj ET Q q 0 0 0 rg BT 350.31 402.40 Td (withholding ) Tj ET Q q 0 0 0 rg BT 396.34 402.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 409.86 402.40 Td (on ) Tj ET Q q 0 0 0 rg BT 421.39 402.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 458.92 402.40 Td (received ) Tj ET Q q 0 0 0 rg BT 491.92 402.40 Td (from ) Tj ET Q q 0 0 0 rg BT 511.94 402.40 Td (us ) Tj ET Q q 0 0 0 rg BT 522.47 402.40 Td (with ) Tj ET Q q 0 0 0 rg BT 541.00 402.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 569.01 402.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 391.60 Td (our ) Tj ET Q q 0 0 0 rg BT 50.35 391.60 Td (common ) Tj ET Q q 0 0 0 rg BT 84.20 391.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 111.29 391.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 136.15 391.60 Td (that ) Tj ET Q q 0 0 0 rg BT 152.00 391.60 Td (income ) Tj ET Q q 0 0 0 rg BT 180.84 391.60 Td (is ) Tj ET Q q 0 0 0 rg BT 189.20 391.60 Td (ef) Tj ET Q q 0 0 0 rg BT 196.03 391.60 Td (fectively ) Tj ET Q q 0 0 0 rg BT 229.86 391.60 Td (connected ) Tj ET Q q 0 0 0 rg BT 268.69 391.60 Td (with ) Tj ET Q q 0 0 0 rg BT 287.05 391.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.40 391.60 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 337.25 391.60 Td (Holder) Tj ET Q q 0 0 0 rg BT 362.58 391.60 Td () Tj ET Q q 0 0 0 rg BT 365.08 391.60 Td (s ) Tj ET Q q 0 0 0 rg BT 370.93 391.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 401.78 391.60 Td (of ) Tj ET Q q 0 0 0 rg BT 411.63 391.60 Td (a ) Tj ET Q q 0 0 0 rg BT 417.98 391.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 438.32 391.60 Td (or ) Tj ET Q q 0 0 0 rg BT 448.17 391.60 Td (business ) Tj ET Q q 0 0 0 rg BT 481.02 391.60 Td (in ) Tj ET Q q 0 0 0 rg BT 490.38 391.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.73 391.60 Td (United ) Tj ET Q q 0 0 0 rg BT 530.57 391.60 Td (States. ) Tj ET Q q 0 0 0 rg BT 556.68 391.60 Td (If ) Tj ET Q q 0 0 0 rg BT 565.02 391.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.80 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 72.66 380.80 Td (Holder ) Tj ET Q q 0 0 0 rg BT 99.82 380.80 Td (is ) Tj ET Q q 0 0 0 rg BT 107.98 380.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 137.14 380.80 Td (to ) Tj ET Q q 0 0 0 rg BT 146.30 380.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.46 380.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 190.11 380.80 Td (of ) Tj ET Q q 0 0 0 rg BT 199.77 380.80 Td (a ) Tj ET Q q 0 0 0 rg BT 205.92 380.80 Td (United ) Tj ET Q q 0 0 0 rg BT 232.58 380.80 Td (States ) Tj ET Q q 0 0 0 rg BT 256.24 380.80 Td (income ) Tj ET Q q 0 0 0 rg BT 284.89 380.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.05 380.80 Td (treaty ) Tj ET Q q 0 0 0 rg BT 320.70 380.80 Td (with ) Tj ET Q q 0 0 0 rg BT 338.86 380.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 366.51 380.80 Td (to ) Tj ET Q q 0 0 0 rg BT 375.67 380.80 Td (those ) Tj ET Q q 0 0 0 rg BT 396.83 380.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 436.24 380.80 Td (that ) Tj ET Q q 0 0 0 rg BT 451.90 380.80 Td (income ) Tj ET Q q 0 0 0 rg BT 480.55 380.80 Td (may ) Tj ET Q q 0 0 0 rg BT 498.21 380.80 Td (be ) Tj ET Q q 0 0 0 rg BT 508.86 380.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 537.01 380.80 Td (only ) Tj ET Q q 0 0 0 rg BT 555.17 380.80 Td (if ) Tj ET Q q 0 0 0 rg BT 562.83 380.80 Td (it ) Tj ET Q q 0 0 0 rg BT 570.00 380.80 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 370.00 Td (also ) Tj ET Q q 0 0 0 rg BT 52.75 370.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 95.98 370.00 Td (to ) Tj ET Q q 0 0 0 rg BT 105.23 370.00 Td (a ) Tj ET Q q 0 0 0 rg BT 111.48 370.00 Td (permanent ) Tj ET Q q 0 0 0 rg BT 151.71 370.00 Td (establishment ) Tj ET Q q 0 0 0 rg BT 203.45 370.00 Td (maintained ) Tj ET Q q 0 0 0 rg BT 245.69 370.00 Td (by ) Tj ET Q q 0 0 0 rg BT 256.94 370.00 Td (the ) Tj ET Q q 0 0 0 rg BT 270.18 370.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 306.93 370.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 334.17 370.00 Td (in ) Tj ET Q q 0 0 0 rg BT 343.42 370.00 Td (the ) Tj ET Q q 0 0 0 rg BT 356.67 370.00 Td (United ) Tj ET Q q 0 0 0 rg BT 383.41 370.00 Td (States.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 342.40 Td (Sale, ) Tj ET Q q 0 0 0 rg BT 56.50 342.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 96.25 342.40 Td (or ) Tj ET Q q 0 0 0 rg BT 106.51 342.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 130.26 342.40 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 174.52 342.40 Td (of ) Tj ET Q q 0 0 0 rg BT 184.27 342.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 220.53 342.40 Td (Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 328.60 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 72.75 328.60 Td (Holders ) Tj ET Q q 0 0 0 rg BT 103.49 328.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 139.22 328.60 Td (will ) Tj ET Q q 0 0 0 rg BT 155.46 328.60 Td (not ) Tj ET Q q 0 0 0 rg BT 169.21 328.60 Td (be ) Tj ET Q q 0 0 0 rg BT 179.95 328.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 207.69 328.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.94 328.60 Td (United ) Tj ET Q q 0 0 0 rg BT 243.68 328.60 Td (States ) Tj ET Q q 0 0 0 rg BT 267.43 328.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 294.65 328.60 Td (income ) Tj ET Q q 0 0 0 rg BT 323.39 328.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 336.63 328.60 Td (or ) Tj ET Q q 0 0 0 rg BT 346.37 328.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 392.12 328.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 405.36 328.60 Td (on ) Tj ET Q q 0 0 0 rg BT 416.61 328.60 Td (any ) Tj ET Q q 0 0 0 rg BT 431.85 328.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 449.59 328.60 Td (realized ) Tj ET Q q 0 0 0 rg BT 480.32 328.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 500.56 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.80 328.60 Td (sale, ) Tj ET Q q 0 0 0 rg BT 532.29 328.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 568.52 328.60 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 317.80 Td (other ) Tj ET Q q 0 0 0 rg BT 56.74 317.80 Td (disposition ) Tj ET Q q 0 0 0 rg BT 98.50 317.80 Td (of ) Tj ET Q q 0 0 0 rg BT 108.25 317.80 Td (our ) Tj ET Q q 0 0 0 rg BT 122.49 317.80 Td (common ) Tj ET Q q 0 0 0 rg BT 156.24 317.80 Td (shares, ) Tj ET Q q 0 0 0 rg BT 183.23 317.80 Td (unless:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 304.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.71 304.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 92.92 304.00 Td (is ) Tj ET Q q 0 0 0 rg BT 100.65 304.00 Td (ef) Tj ET Q q 0 0 0 rg BT 107.47 304.00 Td (fectively ) Tj ET Q q 0 0 0 rg BT 140.67 304.00 Td (connected ) Tj ET Q q 0 0 0 rg BT 178.87 304.00 Td (with ) Tj ET Q q 0 0 0 rg BT 196.59 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 209.30 304.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 245.52 304.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 270.84 304.00 Td () Tj ET Q q 0 0 0 rg BT 273.35 304.00 Td (s ) Tj ET Q q 0 0 0 rg BT 278.56 304.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 308.77 304.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.99 304.00 Td (a ) Tj ET Q q 0 0 0 rg BT 323.70 304.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 343.40 304.00 Td (or ) Tj ET Q q 0 0 0 rg BT 352.62 304.00 Td (business ) Tj ET Q q 0 0 0 rg BT 384.84 304.00 Td (in ) Tj ET Q q 0 0 0 rg BT 393.55 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 406.27 304.00 Td (United ) Tj ET Q q 0 0 0 rg BT 432.48 304.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 457.94 304.00 Td (If ) Tj ET Q q 0 0 0 rg BT 465.66 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 478.37 304.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 514.59 304.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 541.30 304.00 Td (is ) Tj ET Q q 0 0 0 rg BT 549.02 304.00 Td (entitled ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 293.20 Td (to ) Tj ET Q q 0 0 0 rg BT 71.76 293.20 Td (the ) Tj ET Q q 0 0 0 rg BT 84.51 293.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 114.75 293.20 Td (of ) Tj ET Q q 0 0 0 rg BT 124.01 293.20 Td (an ) Tj ET Q q 0 0 0 rg BT 134.26 293.20 Td (income ) Tj ET Q q 0 0 0 rg BT 162.50 293.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.25 293.20 Td (treaty ) Tj ET Q q 0 0 0 rg BT 197.50 293.20 Td (with ) Tj ET Q q 0 0 0 rg BT 215.25 293.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 242.49 293.20 Td (to ) Tj ET Q q 0 0 0 rg BT 251.25 293.20 Td (that ) Tj ET Q q 0 0 0 rg BT 266.50 293.20 Td (gain, ) Tj ET Q q 0 0 0 rg BT 286.00 293.20 Td (that ) Tj ET Q q 0 0 0 rg BT 301.25 293.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 318.50 293.20 Td (may ) Tj ET Q q 0 0 0 rg BT 335.75 293.20 Td (be ) Tj ET Q q 0 0 0 rg BT 346.01 293.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 373.75 293.20 Td (only ) Tj ET Q q 0 0 0 rg BT 391.50 293.20 Td (if ) Tj ET Q q 0 0 0 rg BT 398.76 293.20 Td (it ) Tj ET Q q 0 0 0 rg BT 405.51 293.20 Td (is ) Tj ET Q q 0 0 0 rg BT 413.27 293.20 Td (also ) Tj ET Q q 0 0 0 rg BT 429.52 293.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 472.26 293.20 Td (to ) Tj ET Q q 0 0 0 rg BT 481.02 293.20 Td (a ) Tj ET Q q 0 0 0 rg BT 486.77 293.20 Td (permanent ) Tj ET Q q 0 0 0 rg BT 526.51 293.20 Td (establishment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 282.40 Td (maintained ) Tj ET Q q 0 0 0 rg BT 105.24 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 116.49 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 129.73 282.40 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 166.48 282.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 193.72 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 202.97 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 216.22 282.40 Td (United ) Tj ET Q q 0 0 0 rg BT 242.96 282.40 Td (States ) Tj ET Q q 0 0 0 rg BT 266.71 282.40 Td (or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 268.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.36 268.60 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 113.23 268.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 140.58 268.60 Td (is ) Tj ET Q q 0 0 0 rg BT 148.95 268.60 Td (an ) Tj ET Q q 0 0 0 rg BT 159.81 268.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 198.67 268.60 Td (who ) Tj ET Q q 0 0 0 rg BT 216.53 268.60 Td (is ) Tj ET Q q 0 0 0 rg BT 224.90 268.60 Td (present ) Tj ET Q q 0 0 0 rg BT 253.25 268.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.62 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.98 268.60 Td (United ) Tj ET Q q 0 0 0 rg BT 302.84 268.60 Td (States ) Tj ET Q q 0 0 0 rg BT 326.70 268.60 Td (for ) Tj ET Q q 0 0 0 rg BT 339.56 268.60 Td (183 ) Tj ET Q q 0 0 0 rg BT 355.42 268.60 Td (days ) Tj ET Q q 0 0 0 rg BT 374.28 268.60 Td (or ) Tj ET Q q 0 0 0 rg BT 384.14 268.60 Td (more ) Tj ET Q q 0 0 0 rg BT 405.00 268.60 Td (during ) Tj ET Q q 0 0 0 rg BT 430.86 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.22 268.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 472.57 268.60 Td (year ) Tj ET Q q 0 0 0 rg BT 490.42 268.60 Td (of ) Tj ET Q q 0 0 0 rg BT 500.28 268.60 Td (disposition ) Tj ET Q q 0 0 0 rg BT 542.15 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 557.51 268.60 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 257.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 102.75 257.80 Td (are ) Tj ET Q q 0 0 0 rg BT 115.98 257.80 Td (met.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 230.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.66 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.31 230.20 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 95.48 230.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 123.13 230.20 Td (is ) Tj ET Q q 0 0 0 rg BT 131.80 230.20 Td (engaged ) Tj ET Q q 0 0 0 rg BT 164.44 230.20 Td (in ) Tj ET Q q 0 0 0 rg BT 174.10 230.20 Td (a ) Tj ET Q q 0 0 0 rg BT 180.76 230.20 Td (United ) Tj ET Q q 0 0 0 rg BT 207.92 230.20 Td (States ) Tj ET Q q 0 0 0 rg BT 232.08 230.20 Td (trade ) Tj ET Q q 0 0 0 rg BT 252.73 230.20 Td (or ) Tj ET Q q 0 0 0 rg BT 262.89 230.20 Td (business ) Tj ET Q q 0 0 0 rg BT 296.05 230.20 Td (for ) Tj ET Q q 0 0 0 rg BT 309.21 230.20 Td (United ) Tj ET Q q 0 0 0 rg BT 336.36 230.20 Td (States ) Tj ET Q q 0 0 0 rg BT 360.52 230.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 388.17 230.20 Td (income ) Tj ET Q q 0 0 0 rg BT 417.32 230.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.98 230.20 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 467.88 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 481.54 230.20 Td (income ) Tj ET Q q 0 0 0 rg BT 510.69 230.20 Td (from ) Tj ET Q q 0 0 0 rg BT 530.85 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 544.51 230.20 Td (common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 219.40 Td (shares, ) Tj ET Q q 0 0 0 rg BT 63.64 219.40 Td (including ) Tj ET Q q 0 0 0 rg BT 100.54 219.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 138.44 219.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.34 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 168.23 219.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 186.63 219.40 Td (from ) Tj ET Q q 0 0 0 rg BT 207.02 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 220.92 219.40 Td (sale, ) Tj ET Q q 0 0 0 rg BT 240.06 219.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 276.94 219.40 Td (or ) Tj ET Q q 0 0 0 rg BT 287.34 219.40 Td (other ) Tj ET Q q 0 0 0 rg BT 308.74 219.40 Td (disposition ) Tj ET Q q 0 0 0 rg BT 351.14 219.40 Td (of ) Tj ET Q q 0 0 0 rg BT 361.54 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 375.44 219.40 Td (common ) Tj ET Q q 0 0 0 rg BT 409.84 219.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 435.23 219.40 Td (that ) Tj ET Q q 0 0 0 rg BT 451.63 219.40 Td (are ) Tj ET Q q 0 0 0 rg BT 465.51 219.40 Td (ef) Tj ET Q q 0 0 0 rg BT 472.34 219.40 Td (fectively ) Tj ET Q q 0 0 0 rg BT 506.73 219.40 Td (connected ) Tj ET Q q 0 0 0 rg BT 546.11 219.40 Td (with ) Tj ET Q q 0 0 0 rg BT 565.01 219.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 66.80 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 76.60 208.60 Td (that ) Tj ET Q q 0 0 0 rg BT 92.40 208.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 112.70 208.60 Td (or ) Tj ET Q q 0 0 0 rg BT 122.50 208.60 Td (business ) Tj ET Q q 0 0 0 rg BT 155.31 208.60 Td (will ) Tj ET Q q 0 0 0 rg BT 171.62 208.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 207.41 208.60 Td (be ) Tj ET Q q 0 0 0 rg BT 218.21 208.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 246.01 208.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.32 208.60 Td (regular ) Tj ET Q q 0 0 0 rg BT 283.11 208.60 Td (United ) Tj ET Q q 0 0 0 rg BT 309.91 208.60 Td (States ) Tj ET Q q 0 0 0 rg BT 333.72 208.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 361.00 208.60 Td (income ) Tj ET Q q 0 0 0 rg BT 389.80 208.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 403.10 208.60 Td (in ) Tj ET Q q 0 0 0 rg BT 412.41 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 425.71 208.60 Td (same ) Tj ET Q q 0 0 0 rg BT 446.51 208.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 475.80 208.60 Td (as ) Tj ET Q q 0 0 0 rg BT 485.61 208.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 522.41 208.60 Td (in ) Tj ET Q q 0 0 0 rg BT 531.72 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.02 208.60 Td (previous ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.80 Td (section ) Tj ET Q q 0 0 0 rg BT 63.82 197.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 93.64 197.80 Td (to ) Tj ET Q q 0 0 0 rg BT 102.97 197.80 Td (the ) Tj ET Q q 0 0 0 rg BT 116.30 197.80 Td (taxation ) Tj ET Q q 0 0 0 rg BT 147.62 197.80 Td (of ) Tj ET Q q 0 0 0 rg BT 157.44 197.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 175.78 197.80 Td (Holders. ) Tj ET Q q 0 0 0 rg BT 208.85 197.80 Td (In ) Tj ET Q q 0 0 0 rg BT 218.68 197.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 252.76 197.80 Td (in ) Tj ET Q q 0 0 0 rg BT 262.09 197.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.41 197.80 Td (case ) Tj ET Q q 0 0 0 rg BT 293.23 197.80 Td (of ) Tj ET Q q 0 0 0 rg BT 303.06 197.80 Td (a ) Tj ET Q q 0 0 0 rg BT 309.38 197.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 345.69 197.80 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 382.52 197.80 Td (Holder) Tj ET Q q 0 0 0 rg BT 407.15 197.80 Td (, ) Tj ET Q q 0 0 0 rg BT 411.73 197.80 Td (its ) Tj ET Q q 0 0 0 rg BT 422.57 197.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 455.39 197.80 Td (and ) Tj ET Q q 0 0 0 rg BT 470.71 197.80 Td (profits ) Tj ET Q q 0 0 0 rg BT 496.54 197.80 Td (that ) Tj ET Q q 0 0 0 rg BT 512.36 197.80 Td (are ) Tj ET Q q 0 0 0 rg BT 525.68 197.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 568.99 197.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 187.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.13 187.00 Td (ef) Tj ET Q q 0 0 0 rg BT 55.96 187.00 Td (fectively ) Tj ET Q q 0 0 0 rg BT 89.58 187.00 Td (connected ) Tj ET Q q 0 0 0 rg BT 128.20 187.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 159.08 187.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 186.71 187.00 Td (to ) Tj ET Q q 0 0 0 rg BT 195.85 187.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 222.48 187.00 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 269.86 187.00 Td (may ) Tj ET Q q 0 0 0 rg BT 287.49 187.00 Td (be ) Tj ET Q q 0 0 0 rg BT 298.13 187.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 325.76 187.00 Td (to ) Tj ET Q q 0 0 0 rg BT 334.90 187.00 Td (an ) Tj ET Q q 0 0 0 rg BT 345.53 187.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 383.66 187.00 Td (branch ) Tj ET Q q 0 0 0 rg BT 410.29 187.00 Td (profits ) Tj ET Q q 0 0 0 rg BT 435.93 187.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 449.06 187.00 Td (at ) Tj ET Q q 0 0 0 rg BT 457.69 187.00 Td (a ) Tj ET Q q 0 0 0 rg BT 463.83 187.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 479.45 187.00 Td (of ) Tj ET Q q 0 0 0 rg BT 489.09 187.00 Td (30 ) Tj ET Q q 0 0 0 rg BT 500.23 187.00 Td (percent, ) Tj ET Q q 0 0 0 rg BT 531.10 187.00 Td (or ) Tj ET Q q 0 0 0 rg BT 540.74 187.00 Td (at ) Tj ET Q q 0 0 0 rg BT 549.37 187.00 Td (a ) Tj ET Q q 0 0 0 rg BT 555.50 187.00 Td (lower ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 176.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 51.74 176.20 Td (as ) Tj ET Q q 0 0 0 rg BT 61.48 176.20 Td (may ) Tj ET Q q 0 0 0 rg BT 79.23 176.20 Td (be ) Tj ET Q q 0 0 0 rg BT 89.97 176.20 Td (specified ) Tj ET Q q 0 0 0 rg BT 124.71 176.20 Td (by ) Tj ET Q q 0 0 0 rg BT 135.96 176.20 Td (an ) Tj ET Q q 0 0 0 rg BT 146.70 176.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 185.93 176.20 Td (United ) Tj ET Q q 0 0 0 rg BT 212.68 176.20 Td (States ) Tj ET Q q 0 0 0 rg BT 236.43 176.20 Td (income ) Tj ET Q q 0 0 0 rg BT 265.17 176.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 278.41 176.20 Td (treaty) Tj ET Q q 0 0 0 rg BT 298.31 176.20 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 148.60 Td (Backup ) Tj ET Q q 0 0 0 rg BT 67.60 148.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.44 148.60 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 118.21 148.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.97 148.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 184.22 148.60 Td (Reporting) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 134.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.24 134.80 Td (general, ) Tj ET Q q 0 0 0 rg BT 75.72 134.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 108.96 134.80 Td (payments, ) Tj ET Q q 0 0 0 rg BT 147.45 134.80 Td (or ) Tj ET Q q 0 0 0 rg BT 156.69 134.80 Td (other ) Tj ET Q q 0 0 0 rg BT 176.92 134.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 204.65 134.80 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 253.65 134.80 Td (made ) Tj ET Q q 0 0 0 rg BT 274.89 134.80 Td (within ) Tj ET Q q 0 0 0 rg BT 299.63 134.80 Td (the ) Tj ET Q q 0 0 0 rg BT 312.37 134.80 Td (United ) Tj ET Q q 0 0 0 rg BT 338.61 134.80 Td (States ) Tj ET Q q 0 0 0 rg BT 361.85 134.80 Td (to ) Tj ET Q q 0 0 0 rg BT 370.60 134.80 Td (you ) Tj ET Q q 0 0 0 rg BT 385.84 134.80 Td (will ) Tj ET Q q 0 0 0 rg BT 401.59 134.80 Td (be ) Tj ET Q q 0 0 0 rg BT 411.83 134.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 439.07 134.80 Td (to ) Tj ET Q q 0 0 0 rg BT 447.81 134.80 Td (information ) Tj ET Q q 0 0 0 rg BT 492.05 134.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 526.78 134.80 Td (requirements. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.00 Td (Such ) Tj ET Q q 0 0 0 rg BT 56.25 124.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 92.99 124.00 Td (will ) Tj ET Q q 0 0 0 rg BT 109.24 124.00 Td (also ) Tj ET Q q 0 0 0 rg BT 125.99 124.00 Td (be ) Tj ET Q q 0 0 0 rg BT 136.74 124.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 164.48 124.00 Td (to ) Tj ET Q q 0 0 0 rg BT 173.73 124.00 Td (backup ) Tj ET Q q 0 0 0 rg BT 201.97 124.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 247.72 124.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 260.96 124.00 Td (if ) Tj ET Q q 0 0 0 rg BT 268.71 124.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 286.46 124.00 Td (to ) Tj ET Q q 0 0 0 rg BT 295.71 124.00 Td (a ) Tj ET Q q 0 0 0 rg BT 301.95 124.00 Td (non-corporate ) Tj ET Q q 0 0 0 rg BT 354.68 124.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 372.93 124.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 400.17 124.00 Td (who:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 110.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 110.20 Td (fails ) Tj ET Q q 0 0 0 rg BT 80.75 110.20 Td (to ) Tj ET Q q 0 0 0 rg BT 90.00 110.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 119.74 110.20 Td (an ) Tj ET Q q 0 0 0 rg BT 130.48 110.20 Td (accurate ) Tj ET Q q 0 0 0 rg BT 162.70 110.20 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 195.93 110.20 Td (identification ) Tj ET Q q 0 0 0 rg BT 246.17 110.20 Td (number;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 96.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 96.40 Td (is ) Tj ET Q q 0 0 0 rg BT 71.25 96.40 Td (notified ) Tj ET Q q 0 0 0 rg BT 101.50 96.40 Td (by ) Tj ET Q q 0 0 0 rg BT 112.75 96.40 Td (the ) Tj ET Q q 0 0 0 rg BT 125.99 96.40 Td (IRS ) Tj ET Q q 0 0 0 rg BT 142.25 96.40 Td (that ) Tj ET Q q 0 0 0 rg BT 157.99 96.40 Td (he ) Tj ET Q q 0 0 0 rg BT 168.74 96.40 Td (has ) Tj ET Q q 0 0 0 rg BT 182.98 96.40 Td (failed ) Tj ET Q q 0 0 0 rg BT 205.72 96.40 Td (to ) Tj ET Q q 0 0 0 rg BT 214.97 96.40 Td (report ) Tj ET Q q 0 0 0 rg BT 238.71 96.40 Td (all ) Tj ET Q q 0 0 0 rg BT 249.96 96.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.70 96.40 Td (or ) Tj ET Q q 0 0 0 rg BT 288.44 96.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 325.69 96.40 Td (required ) Tj ET Q q 0 0 0 rg BT 357.93 96.40 Td (to ) Tj ET Q q 0 0 0 rg BT 367.18 96.40 Td (be ) Tj ET Q q 0 0 0 rg BT 377.92 96.40 Td (shown ) Tj ET Q q 0 0 0 rg BT 403.67 96.40 Td (on ) Tj ET Q q 0 0 0 rg BT 414.92 96.40 Td (his ) Tj ET Q q 0 0 0 rg BT 427.68 96.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 454.90 96.40 Td (income ) Tj ET Q q 0 0 0 rg BT 483.64 96.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 496.89 96.40 Td (returns; ) Tj ET Q q 0 0 0 rg BT 526.63 96.40 Td (or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 82.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 82.60 Td (in ) Tj ET Q q 0 0 0 rg BT 72.25 82.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 98.98 82.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 154.46 82.60 Td (fails ) Tj ET Q q 0 0 0 rg BT 172.20 82.60 Td (to ) Tj ET Q q 0 0 0 rg BT 181.45 82.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 210.70 82.60 Td (with ) Tj ET Q q 0 0 0 rg BT 228.95 82.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 268.18 82.60 Td (certification ) Tj ET Q q 0 0 0 rg BT 313.91 82.60 Td (requirements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 55.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 73.31 55.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 104.61 55.00 Td (may ) Tj ET Q q 0 0 0 rg BT 122.91 55.00 Td (be ) Tj ET Q q 0 0 0 rg BT 134.21 55.00 Td (required ) Tj ET Q q 0 0 0 rg BT 167.00 55.00 Td (to ) Tj ET Q q 0 0 0 rg BT 176.81 55.00 Td (establish ) Tj ET Q q 0 0 0 rg BT 211.11 55.00 Td (their ) Tj ET Q q 0 0 0 rg BT 230.41 55.00 Td (exemption ) Tj ET Q q 0 0 0 rg BT 271.20 55.00 Td (from ) Tj ET Q q 0 0 0 rg BT 291.50 55.00 Td (information ) Tj ET Q q 0 0 0 rg BT 336.80 55.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 372.60 55.00 Td (and ) Tj ET Q q 0 0 0 rg BT 388.40 55.00 Td (backup ) Tj ET Q q 0 0 0 rg BT 417.19 55.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 463.50 55.00 Td (by ) Tj ET Q q 0 0 0 rg BT 475.31 55.00 Td (certifying ) Tj ET Q q 0 0 0 rg BT 513.10 55.00 Td (their ) Tj ET Q q 0 0 0 rg BT 532.40 55.00 Td (status ) Tj ET Q q 0 0 0 rg BT 555.70 55.00 Td (on ) Tj ET Q q 0 0 0 rg BT 567.51 55.00 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 44.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 75.23 44.20 Td (IRS ) Tj ET Q q 0 0 0 rg BT 91.49 44.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 113.08 44.20 Td (W) Tj ET Q q 0 0 0 rg BT 121.07 44.20 Td (-8.) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (If ) Tj ET Q q 0 0 0 rg BT 44.53 736.00 Td (a ) Tj ET Q q 0 0 0 rg BT 51.06 736.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 88.09 736.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 115.62 736.00 Td (sells ) Tj ET Q q 0 0 0 rg BT 134.15 736.00 Td (his ) Tj ET Q q 0 0 0 rg BT 147.19 736.00 Td (common ) Tj ET Q q 0 0 0 rg BT 181.22 736.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 206.24 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.78 736.00 Td (or ) Tj ET Q q 0 0 0 rg BT 225.81 736.00 Td (through ) Tj ET Q q 0 0 0 rg BT 256.34 736.00 Td (a ) Tj ET Q q 0 0 0 rg BT 262.87 736.00 Td (United ) Tj ET Q q 0 0 0 rg BT 289.90 736.00 Td (States ) Tj ET Q q 0 0 0 rg BT 313.93 736.00 Td (of) Tj ET Q q 0 0 0 rg BT 321.26 736.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 337.28 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.31 736.00 Td (a ) Tj ET Q q 0 0 0 rg BT 353.84 736.00 Td (broker) Tj ET Q q 0 0 0 rg BT 376.97 736.00 Td (, ) Tj ET Q q 0 0 0 rg BT 381.75 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.28 736.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 428.81 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 438.84 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.37 736.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 486.88 736.00 Td (is ) Tj ET Q q 0 0 0 rg BT 495.42 736.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 523.45 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 532.98 736.00 Td (both ) Tj ET Q q 0 0 0 rg BT 551.51 736.00 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (States ) Tj ET Q q 0 0 0 rg BT 60.01 725.20 Td (backup ) Tj ET Q q 0 0 0 rg BT 88.51 725.20 Td (withholding ) Tj ET Q q 0 0 0 rg BT 134.52 725.20 Td (and ) Tj ET Q q 0 0 0 rg BT 150.02 725.20 Td (information ) Tj ET Q q 0 0 0 rg BT 195.03 725.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 230.53 725.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 255.54 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.04 725.20 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 306.05 725.20 Td (Holder ) Tj ET Q q 0 0 0 rg BT 333.55 725.20 Td (certifies ) Tj ET Q q 0 0 0 rg BT 365.05 725.20 Td (that ) Tj ET Q q 0 0 0 rg BT 381.05 725.20 Td (he ) Tj ET Q q 0 0 0 rg BT 392.06 725.20 Td (is ) Tj ET Q q 0 0 0 rg BT 400.57 725.20 Td (a ) Tj ET Q q 0 0 0 rg BT 407.08 725.20 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 442.09 725.20 Td (person, ) Tj ET Q q 0 0 0 rg BT 470.84 725.20 Td (under ) Tj ET Q q 0 0 0 rg BT 493.84 725.20 Td (penalties ) Tj ET Q q 0 0 0 rg BT 528.34 725.20 Td (of ) Tj ET Q q 0 0 0 rg BT 538.35 725.20 Td (perjury) Tj ET Q q 0 0 0 rg BT 563.75 725.20 Td (, ) Tj ET Q q 0 0 0 rg BT 568.51 725.20 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 73.59 714.40 Td (establishes ) Tj ET Q q 0 0 0 rg BT 115.18 714.40 Td (an ) Tj ET Q q 0 0 0 rg BT 126.27 714.40 Td (exemption. ) Tj ET Q q 0 0 0 rg BT 169.11 714.40 Td (If ) Tj ET Q q 0 0 0 rg BT 177.70 714.40 Td (a ) Tj ET Q q 0 0 0 rg BT 184.29 714.40 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 221.39 714.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 248.98 714.40 Td (sells ) Tj ET Q q 0 0 0 rg BT 267.57 714.40 Td (his ) Tj ET Q q 0 0 0 rg BT 280.67 714.40 Td (common ) Tj ET Q q 0 0 0 rg BT 314.77 714.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 339.86 714.40 Td (through ) Tj ET Q q 0 0 0 rg BT 370.45 714.40 Td (a ) Tj ET Q q 0 0 0 rg BT 377.04 714.40 Td (non-United ) Tj ET Q q 0 0 0 rg BT 420.63 714.40 Td (States ) Tj ET Q q 0 0 0 rg BT 444.73 714.40 Td (of) Tj ET Q q 0 0 0 rg BT 452.06 714.40 Td (fice ) Tj ET Q q 0 0 0 rg BT 468.15 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 478.24 714.40 Td (a ) Tj ET Q q 0 0 0 rg BT 484.83 714.40 Td (non-United ) Tj ET Q q 0 0 0 rg BT 528.42 714.40 Td (States ) Tj ET Q q 0 0 0 rg BT 552.52 714.40 Td (broker ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.14 703.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.27 703.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 83.91 703.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 118.04 703.60 Td (are ) Tj ET Q q 0 0 0 rg BT 131.17 703.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 148.80 703.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.95 703.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.09 703.60 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 207.73 703.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 234.86 703.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 263.00 703.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.14 703.60 Td (United ) Tj ET Q q 0 0 0 rg BT 302.78 703.60 Td (States ) Tj ET Q q 0 0 0 rg BT 326.42 703.60 Td (then ) Tj ET Q q 0 0 0 rg BT 344.06 703.60 Td (information ) Tj ET Q q 0 0 0 rg BT 388.69 703.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 423.82 703.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.96 703.60 Td (backup ) Tj ET Q q 0 0 0 rg BT 467.09 703.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 512.74 703.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 548.36 703.60 Td (will ) Tj ET Q q 0 0 0 rg BT 564.50 703.60 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.80 Td (apply 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692.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 541.78 692.80 Td (proceeds, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 682.00 Td (even ) Tj ET Q q 0 0 0 rg BT 55.13 682.00 Td (if ) Tj ET Q q 0 0 0 rg BT 62.77 682.00 Td (that ) Tj ET Q q 0 0 0 rg BT 78.40 682.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 111.53 682.00 Td (is ) Tj ET Q q 0 0 0 rg BT 119.68 682.00 Td (made ) Tj ET Q q 0 0 0 rg BT 141.31 682.00 Td (to ) Tj ET Q q 0 0 0 rg BT 150.45 682.00 Td (a ) Tj ET Q q 0 0 0 rg BT 156.58 682.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 193.22 682.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 220.35 682.00 Td (outside ) Tj ET Q q 0 0 0 rg BT 248.49 682.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.63 682.00 Td (United ) Tj ET Q q 0 0 0 rg BT 288.26 682.00 Td (States, ) Tj ET Q q 0 0 0 rg BT 314.15 682.00 Td (if ) Tj ET Q q 0 0 0 rg BT 321.79 682.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.92 682.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 371.57 682.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 398.70 682.00 Td (sells ) Tj ET Q q 0 0 0 rg BT 416.84 682.00 Td (common ) Tj ET Q q 0 0 0 rg BT 450.47 682.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 475.11 682.00 Td (through ) Tj ET Q q 0 0 0 rg BT 505.24 682.00 Td (a ) Tj ET Q q 0 0 0 rg BT 511.38 682.00 Td (non-United ) Tj ET Q q 0 0 0 rg BT 554.51 682.00 Td (States ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 671.20 Td (of) Tj ET Q q 0 0 0 rg BT 43.33 671.20 Td (fice ) Tj ET Q q 0 0 0 rg BT 59.07 671.20 Td (of ) Tj ET Q q 0 0 0 rg BT 68.82 671.20 Td (a ) Tj ET Q q 0 0 0 rg BT 75.06 671.20 Td (broker ) Tj ET Q q 0 0 0 rg BT 100.80 671.20 Td (that ) Tj ET Q q 0 0 0 rg BT 116.55 671.20 Td (is ) Tj ET Q q 0 0 0 rg BT 124.80 671.20 Td (a ) Tj ET Q q 0 0 0 rg BT 131.04 671.20 Td (United ) Tj ET Q q 0 0 0 rg BT 157.79 671.20 Td (States ) Tj ET Q q 0 0 0 rg BT 181.54 671.20 Td (person ) Tj ET Q q 0 0 0 rg BT 207.78 671.20 Td (or ) Tj ET Q q 0 0 0 rg BT 217.53 671.20 Td (has ) Tj ET Q q 0 0 0 rg BT 231.78 671.20 Td (some ) Tj ET Q q 0 0 0 rg BT 253.02 671.20 Td (other ) Tj ET Q q 0 0 0 rg BT 273.77 671.20 Td (contacts ) Tj ET Q q 0 0 0 rg BT 305.50 671.20 Td (with ) Tj ET Q q 0 0 0 rg BT 323.75 671.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.00 671.20 Td (United ) Tj ET Q q 0 0 0 rg BT 363.74 671.20 Td (States.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.60 Td (Backup ) Tj ET Q q 0 0 0 rg BT 65.49 643.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 110.99 643.60 Td (is ) Tj ET Q q 0 0 0 rg BT 119.00 643.60 Td (not ) Tj ET Q q 0 0 0 rg BT 132.50 643.60 Td (an ) Tj ET Q q 0 0 0 rg BT 142.99 643.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 180.99 643.60 Td (tax. ) Tj ET Q q 0 0 0 rg BT 196.23 643.60 Td (Rather) Tj ET Q q 0 0 0 rg BT 219.86 643.60 Td (, ) Tj ET Q q 0 0 0 rg BT 224.11 643.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.11 643.60 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 263.09 643.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 298.57 643.60 Td (may ) Tj ET Q q 0 0 0 rg BT 316.07 643.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 340.56 643.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.56 643.60 Td (refund ) Tj ET Q q 0 0 0 rg BT 372.05 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.54 643.60 Td (any ) Tj ET Q q 0 0 0 rg BT 396.54 643.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 429.04 643.60 Td (withheld ) Tj ET Q q 0 0 0 rg BT 462.53 643.60 Td (under ) Tj ET Q q 0 0 0 rg BT 485.03 643.60 Td (backup ) Tj ET Q q 0 0 0 rg BT 513.02 643.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 558.52 643.60 Td (rules ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.80 Td (that ) Tj ET Q q 0 0 0 rg BT 51.75 632.80 Td (exceed ) Tj ET Q q 0 0 0 rg BT 78.97 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 92.22 632.80 Td (taxpayer) Tj ET Q q 0 0 0 rg BT 123.53 632.80 Td () Tj ET Q q 0 0 0 rg BT 126.04 632.80 Td (s ) Tj ET Q q 0 0 0 rg BT 131.79 632.80 Td (income ) Tj ET Q q 0 0 0 rg BT 160.53 632.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.77 632.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 204.02 632.80 Td (by ) Tj ET Q q 0 0 0 rg BT 215.27 632.80 Td (filing ) Tj ET Q q 0 0 0 rg BT 237.02 632.80 Td (a ) Tj ET Q q 0 0 0 rg BT 243.26 632.80 Td (refund ) Tj ET Q q 0 0 0 rg BT 269.00 632.80 Td (claim ) Tj ET Q q 0 0 0 rg BT 291.24 632.80 Td (with ) Tj ET Q q 0 0 0 rg BT 309.49 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 322.74 632.80 Td (IRS.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.20 Td (Individuals ) Tj ET Q q 0 0 0 rg BT 79.12 605.20 Td (who ) Tj ET Q q 0 0 0 rg BT 97.24 605.20 Td (are ) Tj ET Q q 0 0 0 rg BT 110.84 605.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 129.47 605.20 Td (Holders ) Tj ET Q q 0 0 0 rg BT 160.58 605.20 Td (\(and ) Tj ET Q q 0 0 0 rg BT 179.19 605.20 Td (to ) Tj ET Q q 0 0 0 rg BT 188.81 605.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.43 605.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 227.04 605.20 Td (specified ) Tj ET Q q 0 0 0 rg BT 262.14 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 271.76 605.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 311.17 605.20 Td (T) Tj ET Q q 0 0 0 rg BT 316.36 605.20 Td (reasury ) Tj ET Q q 0 0 0 rg BT 345.46 605.20 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 393.33 605.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 420.43 605.20 Td (individuals ) Tj ET Q q 0 0 0 rg BT 463.05 605.20 Td (who ) Tj ET Q q 0 0 0 rg BT 481.17 605.20 Td (are ) Tj ET Q q 0 0 0 rg BT 494.78 605.20 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 531.90 605.20 Td (Holders ) Tj ET Q q 0 0 0 rg BT 563.01 605.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 63.11 594.40 Td (United ) Tj ET Q q 0 0 0 rg BT 90.24 594.40 Td (States ) Tj ET Q q 0 0 0 rg BT 114.37 594.40 Td (entities\) ) Tj ET Q q 0 0 0 rg BT 146.00 594.40 Td (who ) Tj ET Q q 0 0 0 rg BT 164.13 594.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 182.76 594.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 221.87 594.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 250.49 594.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.61 594.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 312.23 594.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 325.36 594.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 354.98 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 364.61 594.40 Td (Section6038D ) Tj ET Q q 0 0 0 rg BT 420.99 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 431.12 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 444.74 594.40 Td (Code\) ) Tj ET Q q 0 0 0 rg BT 469.37 594.40 Td (are ) Tj ET Q q 0 0 0 rg BT 482.99 594.40 Td (required ) Tj ET Q q 0 0 0 rg BT 515.61 594.40 Td (to ) Tj ET Q q 0 0 0 rg BT 525.24 594.40 Td (file ) Tj ET Q q 0 0 0 rg BT 539.86 594.40 Td (IRS ) Tj ET Q q 0 0 0 rg BT 556.50 594.40 Td (Form ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.60 Td (8938 ) Tj ET Q q 0 0 0 rg BT 56.15 583.60 Td (with ) Tj ET Q q 0 0 0 rg BT 74.30 583.60 Td (information ) Tj ET Q q 0 0 0 rg BT 118.95 583.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 148.58 583.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.74 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.88 583.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 190.53 583.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.17 583.60 Td (each ) Tj ET Q q 0 0 0 rg BT 221.81 583.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 249.95 583.60 Td (year ) Tj ET Q q 0 0 0 rg BT 267.58 583.60 Td (in ) Tj ET Q q 0 0 0 rg BT 276.74 583.60 Td (which ) Tj ET Q q 0 0 0 rg BT 300.88 583.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.03 583.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 351.16 583.60 Td (value ) Tj ET Q q 0 0 0 rg BT 372.80 583.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.44 583.60 Td (all ) Tj ET Q q 0 0 0 rg BT 393.59 583.60 Td (such ) Tj ET Q q 0 0 0 rg BT 412.24 583.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 435.39 583.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 466.02 583.60 Td ($75,000 ) Tj ET Q q 0 0 0 rg BT 497.42 583.60 Td (at ) Tj ET Q q 0 0 0 rg BT 506.07 583.60 Td (any ) Tj ET Q q 0 0 0 rg BT 521.21 583.60 Td (time ) Tj ET Q q 0 0 0 rg BT 539.36 583.60 Td (during ) Tj ET Q q 0 0 0 rg BT 565.01 583.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 64.32 572.80 Td (year ) Tj ET Q q 0 0 0 rg BT 82.14 572.80 Td (or ) Tj ET Q q 0 0 0 rg BT 91.97 572.80 Td ($50,000 ) Tj ET Q q 0 0 0 rg BT 123.55 572.80 Td (on ) Tj ET Q q 0 0 0 rg BT 134.89 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 148.21 572.80 Td (last ) Tj ET Q q 0 0 0 rg BT 163.05 572.80 Td (day ) Tj ET Q q 0 0 0 rg BT 178.37 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 188.20 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.53 572.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 229.85 572.80 Td (year ) Tj ET Q q 0 0 0 rg BT 247.67 572.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 260.50 572.80 Td (such ) Tj ET Q q 0 0 0 rg BT 279.33 572.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 304.66 572.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 327.98 572.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 357.31 572.80 Td (as ) Tj ET Q q 0 0 0 rg BT 367.14 572.80 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 406.96 572.80 Td (by ) Tj ET Q q 0 0 0 rg BT 418.29 572.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 457.43 572.80 Td (T) Tj ET Q q 0 0 0 rg BT 462.62 572.80 Td (reasury ) Tj ET Q q 0 0 0 rg BT 491.43 572.80 Td (Regulations\). ) Tj ET Q q 0 0 0 rg BT 542.01 572.80 Td (Specified ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 64.01 562.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 97.51 562.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.52 562.00 Td (would ) Tj ET Q q 0 0 0 rg BT 145.04 562.00 Td (include, ) Tj ET Q q 0 0 0 rg BT 175.80 562.00 Td (among ) Tj ET Q q 0 0 0 rg BT 202.31 562.00 Td (other ) Tj ET Q q 0 0 0 rg BT 222.82 562.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 248.09 562.00 Td (our ) Tj ET Q q 0 0 0 rg BT 262.10 562.00 Td (common ) Tj ET Q q 0 0 0 rg BT 295.62 562.00 Td (shares, ) Tj ET Q q 0 0 0 rg BT 322.38 562.00 Td (unless ) Tj ET Q q 0 0 0 rg BT 346.89 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 359.91 562.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 384.42 562.00 Td (are ) Tj ET Q q 0 0 0 rg BT 397.42 562.00 Td (held ) Tj ET Q q 0 0 0 rg BT 414.93 562.00 Td (through ) Tj ET Q q 0 0 0 rg BT 444.95 562.00 Td (an ) Tj ET Q q 0 0 0 rg BT 455.46 562.00 Td (account ) Tj ET Q q 0 0 0 rg BT 485.46 562.00 Td (maintained ) Tj ET Q q 0 0 0 rg BT 527.47 562.00 Td (with ) Tj ET Q q 0 0 0 rg BT 545.49 562.00 Td (a ) Tj ET Q q 0 0 0 rg BT 551.50 562.00 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.20 Td (States ) Tj ET Q q 0 0 0 rg BT 59.86 551.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.70 551.20 Td (institution. ) Tj ET Q q 0 0 0 rg BT 134.81 551.20 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 177.17 551.20 Td (penalties ) Tj ET Q q 0 0 0 rg BT 211.52 551.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 233.87 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 243.23 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 258.58 551.20 Td (failure ) Tj ET Q q 0 0 0 rg BT 284.43 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 293.79 551.20 Td (timely ) Tj ET Q q 0 0 0 rg BT 319.14 551.20 Td (file ) Tj ET Q q 0 0 0 rg BT 333.49 551.20 Td (IRS ) Tj ET Q q 0 0 0 rg BT 349.86 551.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 371.72 551.20 Td (8938, ) Tj ET Q q 0 0 0 rg BT 394.33 551.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 419.19 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.54 551.20 Td (failure ) Tj ET Q q 0 0 0 rg BT 458.38 551.20 Td (is ) Tj ET Q q 0 0 0 rg BT 466.75 551.20 Td (shown ) Tj ET Q q 0 0 0 rg BT 492.61 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 501.97 551.20 Td (be ) Tj ET Q q 0 0 0 rg BT 512.82 551.20 Td (due ) Tj ET Q q 0 0 0 rg BT 528.17 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 537.53 551.20 Td (reasonable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 540.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 57.89 540.40 Td (and ) Tj ET Q q 0 0 0 rg BT 72.80 540.40 Td (not ) Tj ET Q q 0 0 0 rg BT 86.20 540.40 Td (due ) Tj ET Q q 0 0 0 rg BT 101.10 540.40 Td (to ) Tj ET Q q 0 0 0 rg BT 110.01 540.40 Td (willful ) Tj ET Q q 0 0 0 rg BT 135.92 540.40 Td (neglect. ) Tj ET Q q 0 0 0 rg BT 165.64 540.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 210.55 540.40 Td (, ) Tj ET Q q 0 0 0 rg BT 214.71 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 223.62 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.52 540.40 Td (event ) Tj ET Q q 0 0 0 rg BT 257.92 540.40 Td (an ) Tj ET Q q 0 0 0 rg BT 268.32 540.40 Td (individual ) Tj ET Q q 0 0 0 rg BT 306.72 540.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 324.63 540.40 Td (Holder ) Tj ET Q q 0 0 0 rg BT 351.53 540.40 Td (\(and ) Tj ET Q q 0 0 0 rg BT 369.43 540.40 Td (to ) Tj ET Q q 0 0 0 rg BT 378.34 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 391.24 540.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 415.14 540.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 449.53 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 458.44 540.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 497.19 540.40 Td (T) Tj ET Q q 0 0 0 rg BT 502.37 540.40 Td (reasury ) Tj ET Q q 0 0 0 rg BT 530.76 540.40 Td (Regulations, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.60 Td (an ) Tj ET Q q 0 0 0 rg BT 46.64 529.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 85.28 529.60 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 121.92 529.60 Td (Holder ) Tj ET Q q 0 0 0 rg BT 149.05 529.60 Td (or ) Tj ET Q q 0 0 0 rg BT 158.69 529.60 Td (a ) Tj ET Q q 0 0 0 rg BT 164.83 529.60 Td (United ) Tj ET Q q 0 0 0 rg BT 191.47 529.60 Td (States ) Tj ET Q q 0 0 0 rg BT 215.11 529.60 Td (entity\) ) Tj ET Q q 0 0 0 rg BT 240.75 529.60 Td (that ) Tj ET Q q 0 0 0 rg BT 256.38 529.60 Td (is ) Tj ET Q q 0 0 0 rg BT 264.53 529.60 Td (required ) Tj ET Q q 0 0 0 rg BT 296.66 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 305.80 529.60 Td (file ) Tj ET Q q 0 0 0 rg BT 319.93 529.60 Td (IRS ) Tj ET Q q 0 0 0 rg BT 336.08 529.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 357.73 529.60 Td (8938 ) Tj ET Q q 0 0 0 rg BT 377.87 529.60 Td (does ) Tj ET Q q 0 0 0 rg BT 396.51 529.60 Td (not ) Tj ET Q q 0 0 0 rg BT 410.15 529.60 Td (file ) Tj ET Q q 0 0 0 rg BT 424.29 529.60 Td (such ) Tj ET Q q 0 0 0 rg BT 442.93 529.60 Td (form, ) Tj ET Q q 0 0 0 rg BT 464.81 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.95 529.60 Td (statute ) Tj ET Q q 0 0 0 rg BT 503.59 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 513.23 529.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 553.87 529.60 Td (on ) Tj ET Q q 0 0 0 rg BT 565.01 529.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 78.06 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 93.12 518.80 Td (collection ) Tj ET Q q 0 0 0 rg BT 130.67 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 140.23 518.80 Td (United ) Tj ET Q q 0 0 0 rg BT 166.79 518.80 Td (States ) Tj ET Q q 0 0 0 rg BT 190.36 518.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 217.40 518.80 Td (income ) Tj ET Q q 0 0 0 rg BT 245.96 518.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 266.52 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 276.08 518.80 Td (such ) Tj ET Q q 0 0 0 rg BT 294.64 518.80 Td (holder ) Tj ET Q q 0 0 0 rg BT 319.70 518.80 Td (for ) Tj ET Q q 0 0 0 rg BT 332.26 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 345.32 518.80 Td (related ) Tj ET Q q 0 0 0 rg BT 371.87 518.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.93 518.80 Td (year ) Tj ET Q q 0 0 0 rg BT 402.48 518.80 Td (may ) Tj ET Q q 0 0 0 rg BT 420.04 518.80 Td (not ) Tj ET Q q 0 0 0 rg BT 433.60 518.80 Td (close ) Tj ET Q q 0 0 0 rg BT 454.16 518.80 Td (until ) Tj ET Q q 0 0 0 rg BT 472.73 518.80 Td (three ) Tj ET Q q 0 0 0 rg BT 492.78 518.80 Td (years ) Tj ET Q q 0 0 0 rg BT 513.83 518.80 Td (after ) Tj ET Q q 0 0 0 rg BT 532.38 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 545.44 518.80 Td (date ) Tj ET Q q 0 0 0 rg BT 562.50 518.80 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.39 508.00 Td (required ) Tj ET Q q 0 0 0 rg BT 81.77 508.00 Td (information ) Tj ET Q q 0 0 0 rg BT 126.65 508.00 Td (is ) Tj ET Q q 0 0 0 rg BT 135.05 508.00 Td (filed. ) Tj ET Q q 0 0 0 rg BT 156.19 508.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 174.58 508.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 205.47 508.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 244.86 508.00 Td (United ) Tj ET Q q 0 0 0 rg BT 271.75 508.00 Td (States ) Tj ET Q q 0 0 0 rg BT 295.64 508.00 Td (entities\) ) Tj ET Q q 0 0 0 rg BT 327.03 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 342.41 508.00 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 379.31 508.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 410.20 508.00 Td (are ) Tj ET Q q 0 0 0 rg BT 423.58 508.00 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 467.45 508.00 Td (consult ) Tj ET Q q 0 0 0 rg BT 495.84 508.00 Td (their ) Tj ET Q q 0 0 0 rg BT 514.73 508.00 Td (own ) Tj ET Q q 0 0 0 rg BT 532.62 508.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 546.01 508.00 Td (advisors ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 72.73 497.20 Td (their ) Tj ET Q q 0 0 0 rg BT 91.48 497.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.72 497.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 168.97 497.20 Td (under ) Tj ET Q q 0 0 0 rg BT 191.71 497.20 Td (this ) Tj ET Q q 0 0 0 rg BT 206.96 497.20 Td (legislation.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (Other) Tj ET Q q 0 0 0 rg BT 58.83 469.60 Td ( ) Tj ET Q q 0 0 0 rg BT 60.92 469.60 Td (T) Tj ET Q q 0 0 0 rg BT 66.09 469.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 77.34 469.60 Td (Considerations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.21 455.80 Td (addition ) Tj ET Q q 0 0 0 rg BT 76.42 455.80 Td (to ) Tj ET Q q 0 0 0 rg BT 85.13 455.80 Td (the ) Tj ET Q q 0 0 0 rg BT 97.84 455.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.54 455.80 Td (consequences ) Tj ET Q q 0 0 0 rg BT 161.73 455.80 Td (discussed ) Tj ET Q q 0 0 0 rg BT 197.94 455.80 Td (above, ) Tj ET Q q 0 0 0 rg BT 223.39 455.80 Td (we ) Tj ET Q q 0 0 0 rg BT 235.60 455.80 Td (may ) Tj ET Q q 0 0 0 rg BT 252.81 455.80 Td (be ) Tj ET Q q 0 0 0 rg BT 263.01 455.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.22 455.80 Td (to ) Tj ET Q q 0 0 0 rg BT 298.93 455.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.64 455.80 Td (in ) Tj ET Q q 0 0 0 rg BT 320.35 455.80 Td (one ) Tj ET Q q 0 0 0 rg BT 335.06 455.80 Td (or ) Tj ET Q q 0 0 0 rg BT 344.27 455.80 Td (more ) Tj ET Q q 0 0 0 rg BT 364.47 455.80 Td (other ) Tj ET Q q 0 0 0 rg BT 384.67 455.80 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 430.88 455.80 Td (where ) Tj ET Q q 0 0 0 rg BT 454.58 455.80 Td (we ) Tj ET Q q 0 0 0 rg BT 466.79 455.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 496.99 455.80 Td (activities. ) Tj ET Q q 0 0 0 rg BT 533.32 455.80 Td (The ) Tj ET Q q 0 0 0 rg BT 549.02 455.80 Td (amount ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 445.00 Td (any ) Tj ET Q q 0 0 0 rg BT 60.99 445.00 Td (such ) Tj ET Q q 0 0 0 rg BT 79.74 445.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 92.98 445.00 Td (imposed ) Tj ET Q q 0 0 0 rg BT 125.73 445.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 145.98 445.00 Td (our ) Tj ET Q q 0 0 0 rg BT 160.23 445.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 199.97 445.00 Td (may ) Tj ET Q q 0 0 0 rg BT 217.71 445.00 Td (be ) Tj ET Q q 0 0 0 rg BT 228.46 445.00 Td (material.) 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BT 213.33 230.80 Td (-la-V) Tj ET Q q 0 0 0 rg BT 231.78 230.80 Td (ille ) Tj ET Q q 0 0 0 rg BT 245.53 230.80 Td (Place, ) Tj ET Q q 0 0 0 rg BT 269.52 230.80 Td (14 ) Tj ET Q q 0 0 0 rg BT 280.77 230.80 Td (Par) Tj ET Q q 0 0 0 rg BT 292.58 230.80 Td (-la-V) Tj ET Q q 0 0 0 rg BT 311.03 230.80 Td (ille ) Tj ET Q q 0 0 0 rg BT 324.78 230.80 Td (Road, ) Tj ET Q q 0 0 0 rg BT 348.28 230.80 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 384.52 230.80 Td (HM ) Tj ET Q q 0 0 0 rg BT 401.27 230.80 Td (08, ) Tj ET Q q 0 0 0 rg BT 414.77 230.80 Td (Bermuda.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 202.00 Td (I. ) Tj ET Q q 0 0 0 rg BT 72.00 202.00 Td (Subsidiary Information) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.20 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 188.20 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 159.40 Td (ITEM 1) Tj ET Q q 0 0 0 rg BT 69.62 159.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 108.00 159.40 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 153.93 159.40 Td (A) Tj ET Q q 0 0 0 rg BT 160.41 159.40 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 186.81 159.40 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 249.69 159.40 Td (A) Tj ET Q q 0 0 0 rg BT 256.17 159.40 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 355.65 159.40 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 391.03 159.40 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 438.35 159.40 Td ( RISK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 131.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.47 131.80 Td (are ) Tj ET Q q 0 0 0 rg BT 64.16 131.80 Td (exposed ) Tj ET Q q 0 0 0 rg BT 96.35 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 106.05 131.80 Td (various ) Tj ET Q q 0 0 0 rg BT 135.25 131.80 Td (market ) Tj ET Q q 0 0 0 rg BT 162.94 131.80 Td (risks, ) Tj ET Q q 0 0 0 rg BT 184.89 131.80 Td (including ) Tj ET Q q 0 0 0 rg BT 221.59 131.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 250.28 131.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 284.46 131.80 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 331.90 131.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 363.59 131.80 Td (in ) Tj ET Q q 0 0 0 rg BT 373.29 131.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 402.49 131.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 422.18 131.80 Td (and ) Tj ET Q q 0 0 0 rg BT 437.87 131.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 461.06 131.80 Td (risk. ) Tj ET Q q 0 0 0 rg BT 479.51 131.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 496.21 131.80 Td (policy ) Tj ET Q q 0 0 0 rg BT 521.41 131.80 Td (is ) Tj ET Q q 0 0 0 rg BT 530.11 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 539.82 131.80 Td (hedge ) Tj ET Q q 0 0 0 rg BT 564.01 131.80 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 121.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 70.16 121.00 Td (to ) Tj ET Q q 0 0 0 rg BT 78.82 121.00 Td (these ) Tj ET Q q 0 0 0 rg BT 98.98 121.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 117.65 121.00 Td (where ) Tj ET Q q 0 0 0 rg BT 141.30 121.00 Td (possible, ) Tj ET Q q 0 0 0 rg BT 174.72 121.00 Td (within ) Tj ET Q q 0 0 0 rg BT 199.39 121.00 Td (boundaries ) Tj ET Q q 0 0 0 rg BT 240.54 121.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 270.19 121.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 312.84 121.00 Td (by ) Tj ET Q q 0 0 0 rg BT 323.51 121.00 Td (management ) Tj ET Q q 0 0 0 rg BT 371.15 121.00 Td (and ) Tj ET Q q 0 0 0 rg BT 385.81 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.47 121.00 Td (board ) Tj ET Q q 0 0 0 rg BT 420.63 121.00 Td (of ) Tj ET Q q 0 0 0 rg BT 429.80 121.00 Td (directors. ) Tj ET Q q 0 0 0 rg BT 465.08 121.00 Td (W) Tj ET Q q 0 0 0 rg BT 472.85 121.00 Td (e ) Tj ET Q q 0 0 0 rg BT 478.51 121.00 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 521.17 121.00 Td (this ) Tj ET Q q 0 0 0 rg BT 535.84 121.00 Td (by ) Tj ET Q q 0 0 0 rg BT 546.51 121.00 Td (entering ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 110.20 Td (into ) Tj ET Q q 0 0 0 rg BT 52.40 110.20 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 95.78 110.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 134.16 110.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 178.56 110.20 Td (and ) Tj ET Q q 0 0 0 rg BT 193.96 110.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 228.84 110.20 Td (to ) Tj ET Q q 0 0 0 rg BT 238.24 110.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 272.13 110.20 Td (the ) Tj ET Q q 0 0 0 rg BT 285.53 110.20 Td (desired ) Tj ET Q q 0 0 0 rg BT 313.92 110.20 Td (level ) Tj ET Q q 0 0 0 rg BT 333.81 110.20 Td (of ) Tj ET Q q 0 0 0 rg BT 343.71 110.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 359.61 110.20 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 396.75 110.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 413.14 110.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 448.03 110.20 Td (expose ) Tj ET Q q 0 0 0 rg BT 475.43 110.20 Td (us ) Tj ET Q q 0 0 0 rg BT 485.83 110.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 521.72 110.20 Td (to ) Tj ET Q q 0 0 0 rg BT 531.12 110.20 Td (the ) Tj ET Q q 0 0 0 rg BT 544.52 110.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 99.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 55.25 99.40 Td (of ) Tj ET Q q 0 0 0 rg BT 65.00 99.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 96.24 99.40 Td (in ) Tj ET Q q 0 0 0 rg BT 105.49 99.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 133.73 99.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 167.45 99.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 203.68 99.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 222.92 99.40 Td (and ) Tj ET Q q 0 0 0 rg BT 238.17 99.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 266.91 99.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 286.15 99.40 Td (as ) Tj ET Q q 0 0 0 rg BT 295.89 99.40 Td (described ) Tj ET Q q 0 0 0 rg BT 332.63 99.40 Td (below) Tj ET Q q 0 0 0 rg BT 354.04 99.40 Td (.) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (63) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (Interest rate risk) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 736.15 Td ( ) Tj ET Q q 0 0 0 rg BT 44.78 736.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 85.55 736.15 Td (portion ) Tj ET Q q 0 0 0 rg BT 114.32 736.15 Td (of ) Tj ET Q q 0 0 0 rg BT 124.59 736.15 Td (our ) Tj ET Q q 0 0 0 rg BT 139.37 736.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 157.64 736.15 Td (obligations ) Tj ET Q q 0 0 0 rg BT 200.41 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 216.19 736.15 Td (surplus ) Tj ET Q q 0 0 0 rg BT 244.96 736.15 Td (funds ) Tj ET Q q 0 0 0 rg BT 267.74 736.15 Td (placed ) Tj ET Q q 0 0 0 rg BT 294.00 736.15 Td (with ) Tj ET Q q 0 0 0 rg BT 312.78 736.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.04 736.15 Td (institutions ) Tj ET Q q 0 0 0 rg BT 389.82 736.15 Td (are ) Tj ET Q q 0 0 0 rg BT 403.58 736.15 Td (subject ) Tj ET Q q 0 0 0 rg BT 431.85 736.15 Td (to ) Tj ET Q q 0 0 0 rg BT 441.63 736.15 Td (movements ) Tj ET Q q 0 0 0 rg BT 485.90 736.15 Td (in ) Tj ET Q q 0 0 0 rg BT 495.68 736.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 524.94 736.15 Td (rates. ) Tj ET Q q 0 0 0 rg BT 546.96 736.15 Td (It ) Tj ET Q q 0 0 0 rg BT 555.23 736.15 Td (is ) Tj ET Q q 0 0 0 rg BT 564.01 736.15 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td (policy ) Tj ET Q q 0 0 0 rg BT 60.42 725.35 Td (to ) Tj ET Q q 0 0 0 rg BT 69.33 725.35 Td (obtain ) Tj ET Q q 0 0 0 rg BT 93.75 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 106.66 725.35 Td (most ) Tj ET Q q 0 0 0 rg BT 126.09 725.35 Td (favorable ) Tj ET Q q 0 0 0 rg BT 161.99 725.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 190.40 725.35 Td (rates ) Tj ET Q q 0 0 0 rg BT 209.30 725.35 Td (available ) Tj ET Q q 0 0 0 rg BT 243.70 725.35 Td (without ) Tj ET Q q 0 0 0 rg BT 273.12 725.35 Td (increasing ) Tj ET Q q 0 0 0 rg BT 312.03 725.35 Td (our ) Tj ET Q q 0 0 0 rg BT 325.94 725.35 Td (foreign ) Tj ET Q q 0 0 0 rg BT 353.85 725.35 Td (currency ) Tj ET Q q 0 0 0 rg BT 387.25 725.35 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 423.77 725.35 Td (W) Tj ET Q q 0 0 0 rg BT 431.54 725.35 Td (orking ) Tj ET Q q 0 0 0 rg BT 456.96 725.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 482.87 725.35 Td (is ) Tj ET Q q 0 0 0 rg BT 490.79 725.35 Td (placed ) Tj ET Q q 0 0 0 rg BT 516.19 725.35 Td (in ) Tj ET Q q 0 0 0 rg BT 525.11 725.35 Td (bank ) Tj ET Q q 0 0 0 rg BT 544.53 725.35 Td (accounts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (or ) Tj ET Q q 0 0 0 rg BT 45.87 714.55 Td (fixed ) Tj ET Q q 0 0 0 rg BT 66.74 714.55 Td (deposits ) Tj ET Q q 0 0 0 rg BT 98.61 714.55 Td (with ) Tj ET Q q 0 0 0 rg BT 116.99 714.55 Td (reputable ) Tj ET Q q 0 0 0 rg BT 152.84 714.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.70 714.55 Td (institutions ) Tj ET Q q 0 0 0 rg BT 229.08 714.55 Td (in ) Tj ET Q q 0 0 0 rg BT 238.46 714.55 Td (order ) Tj ET Q q 0 0 0 rg BT 259.82 714.55 Td (to ) Tj ET Q q 0 0 0 rg BT 269.19 714.55 Td (maximize ) Tj ET Q q 0 0 0 rg BT 307.05 714.55 Td (returns, ) Tj ET Q q 0 0 0 rg BT 336.67 714.55 Td (while ) Tj ET Q q 0 0 0 rg BT 359.04 714.55 Td (providing ) Tj ET Q q 0 0 0 rg BT 396.41 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 409.78 714.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 447.15 714.55 Td (with ) Tj ET Q q 0 0 0 rg BT 465.52 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 478.89 714.55 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 516.76 714.55 Td (to ) Tj ET Q q 0 0 0 rg BT 526.14 714.55 Td (meet ) Tj ET Q q 0 0 0 rg BT 546.00 714.55 Td (working ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 62.05 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 77.11 703.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 103.16 703.75 Td (investments. ) Tj ET Q q 0 0 0 rg BT 150.32 703.75 Td (W) Tj ET Q q 0 0 0 rg BT 158.09 703.75 Td (e ) Tj ET Q q 0 0 0 rg BT 164.15 703.75 Td (have ) Tj ET Q q 0 0 0 rg BT 183.20 703.75 Td (no ) Tj ET Q q 0 0 0 rg BT 194.26 703.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 234.32 703.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.87 703.75 Td (bearing ) Tj ET Q q 0 0 0 rg BT 291.92 703.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.98 703.75 Td (other ) Tj ET Q q 0 0 0 rg BT 335.54 703.75 Td (than ) Tj ET Q q 0 0 0 rg BT 353.10 703.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 371.15 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 386.21 703.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 404.27 703.75 Td (equivalents; ) Tj ET Q q 0 0 0 rg BT 449.82 703.75 Td (therefore ) Tj ET Q q 0 0 0 rg BT 484.36 703.75 Td (our ) Tj ET Q q 0 0 0 rg BT 498.42 703.75 Td (income ) Tj ET Q q 0 0 0 rg BT 526.97 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 542.03 703.75 Td (operating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 54.24 692.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 76.49 692.95 Td (are ) Tj ET Q q 0 0 0 rg BT 89.73 692.95 Td (substantially ) Tj ET Q q 0 0 0 rg BT 137.47 692.95 Td (independent ) Tj ET Q q 0 0 0 rg BT 183.71 692.95 Td (of ) Tj ET Q q 0 0 0 rg BT 193.46 692.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 224.69 692.95 Td (in ) Tj ET Q q 0 0 0 rg BT 233.94 692.95 Td (market ) Tj ET Q q 0 0 0 rg BT 261.18 692.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 289.92 692.95 Td (rates.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.35 Td (This ) Tj ET Q q 0 0 0 rg BT 53.85 665.35 Td (section ) Tj ET Q q 0 0 0 rg BT 81.19 665.35 Td (should ) Tj ET Q q 0 0 0 rg BT 107.04 665.35 Td (be ) Tj ET Q q 0 0 0 rg BT 117.38 665.35 Td (read ) Tj ET Q q 0 0 0 rg BT 134.72 665.35 Td (in ) Tj ET Q q 0 0 0 rg BT 143.57 665.35 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 187.91 665.35 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 665.35 Td (Note ) Tj ET Q q 0 0 0 rg BT 225.10 665.35 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.10 665.35 Td (Risk ) Tj ET Q q 0 0 0 rg BT 256.95 665.35 Td (management ) Tj ET Q q 0 0 0 rg BT 304.78 665.35 Td (and ) Tj ET Q q 0 0 0 rg BT 319.62 665.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.95 665.35 Td (instruments ) Tj ET Q q 0 0 0 rg BT 396.80 665.35 Td (of ) Tj ET Q q 0 0 0 rg BT 406.14 665.35 Td (the ) Tj ET Q q 0 0 0 rg BT 418.99 665.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 468.33 665.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 503.67 665.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 545.01 665.35 Td (included ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.55 Td (herein.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 626.95 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 626.95 Td (e ) Tj ET Q q 0 0 0 rg BT 50.01 626.95 Td (use ) Tj ET Q q 0 0 0 rg BT 64.24 626.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 92.97 626.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.69 626.95 Td (swaps ) Tj ET Q q 0 0 0 rg BT 132.93 626.95 Td (to ) Tj ET Q q 0 0 0 rg BT 142.16 626.95 Td (manage ) Tj ET Q q 0 0 0 rg BT 172.38 626.95 Td (our ) Tj ET Q q 0 0 0 rg BT 186.62 626.95 Td (exposure ) Tj ET Q q 0 0 0 rg BT 221.34 626.95 Td (to ) Tj ET Q q 0 0 0 rg BT 230.58 626.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 259.31 626.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.03 626.95 Td (risks. ) Tj ET Q q 0 0 0 rg BT 296.52 626.95 Td (Interest ) Tj ET Q q 0 0 0 rg BT 325.74 626.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 341.47 626.95 Td (swaps ) Tj ET Q q 0 0 0 rg BT 365.70 626.95 Td (are ) Tj ET Q q 0 0 0 rg BT 378.93 626.95 Td (used ) Tj ET Q q 0 0 0 rg BT 397.66 626.95 Td (to ) Tj ET Q q 0 0 0 rg BT 406.90 626.95 Td (convert ) Tj ET Q q 0 0 0 rg BT 436.12 626.95 Td (floating ) Tj ET Q q 0 0 0 rg BT 466.35 626.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 482.08 626.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 499.81 626.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 542.04 626.95 Td (to ) Tj ET Q q 0 0 0 rg BT 551.28 626.95 Td (a ) Tj ET Q q 0 0 0 rg BT 557.51 626.95 Td (fixed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 616.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 52.17 616.15 Td (in ) Tj ET Q q 0 0 0 rg BT 61.84 616.15 Td (order ) Tj ET Q q 0 0 0 rg BT 83.51 616.15 Td (to ) Tj ET Q q 0 0 0 rg BT 93.19 616.15 Td (achieve ) Tj ET Q q 0 0 0 rg BT 123.35 616.15 Td (an ) Tj ET Q q 0 0 0 rg BT 134.52 616.15 Td (overall ) Tj ET Q q 0 0 0 rg BT 162.19 616.15 Td (desired ) Tj ET Q q 0 0 0 rg BT 190.86 616.15 Td (position ) Tj ET Q q 0 0 0 rg BT 222.54 616.15 Td (of ) Tj ET Q q 0 0 0 rg BT 232.71 616.15 Td (fixed ) Tj ET Q q 0 0 0 rg BT 253.89 616.15 Td (and ) Tj ET Q q 0 0 0 rg BT 269.56 616.15 Td (floating ) Tj ET Q q 0 0 0 rg BT 300.23 616.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.40 616.15 Td (debt. ) Tj ET Q q 0 0 0 rg BT 336.63 616.15 Td (The ) Tj ET Q q 0 0 0 rg BT 353.30 616.15 Td (extent ) Tj ET Q q 0 0 0 rg BT 377.97 616.15 Td (to ) Tj ET Q q 0 0 0 rg BT 387.65 616.15 Td (which ) Tj ET Q q 0 0 0 rg BT 412.32 616.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 441.49 616.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 457.65 616.15 Td (swaps ) Tj ET Q q 0 0 0 rg BT 482.33 616.15 Td (are ) Tj ET Q q 0 0 0 rg BT 496.00 616.15 Td (used ) Tj ET Q q 0 0 0 rg BT 515.17 616.15 Td (is ) Tj ET Q q 0 0 0 rg BT 523.85 616.15 Td (determined ) Tj ET Q q 0 0 0 rg BT 567.01 616.15 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 605.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 71.58 605.35 Td (to ) Tj ET Q q 0 0 0 rg BT 80.70 605.35 Td (our ) Tj ET Q q 0 0 0 rg BT 94.82 605.35 Td (net ) Tj ET Q q 0 0 0 rg BT 107.93 605.35 Td (debt ) Tj ET Q q 0 0 0 rg BT 125.54 605.35 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 162.40 605.35 Td (Most ) Tj ET Q q 0 0 0 rg BT 183.02 605.35 Td (of ) Tj ET Q q 0 0 0 rg BT 192.64 605.35 Td (our ) Tj ET Q q 0 0 0 rg BT 206.75 605.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.36 605.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 250.97 605.35 Td (swaps ) Tj ET Q q 0 0 0 rg BT 275.08 605.35 Td (do ) Tj ET Q q 0 0 0 rg BT 286.20 605.35 Td (not ) Tj ET Q q 0 0 0 rg BT 299.82 605.35 Td (qualify ) Tj ET Q q 0 0 0 rg BT 327.43 605.35 Td (for ) Tj ET Q q 0 0 0 rg BT 340.04 605.35 Td (hedge ) Tj ET Q q 0 0 0 rg BT 363.65 605.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 405.25 605.35 Td (and ) Tj ET Q q 0 0 0 rg BT 420.37 605.35 Td (movements ) Tj ET Q q 0 0 0 rg BT 463.98 605.35 Td (in ) Tj ET Q q 0 0 0 rg BT 473.10 605.35 Td (their ) Tj ET Q q 0 0 0 rg BT 491.71 605.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 506.32 605.35 Td (values ) Tj ET Q q 0 0 0 rg BT 531.43 605.35 Td (are ) Tj ET Q q 0 0 0 rg BT 544.53 605.35 Td (reflected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 594.55 Td (in ) Tj ET Q q 0 0 0 rg BT 45.39 594.55 Td (the ) Tj ET Q q 0 0 0 rg BT 58.77 594.55 Td (statement ) Tj ET Q q 0 0 0 rg BT 95.64 594.55 Td (of ) Tj ET Q q 0 0 0 rg BT 105.52 594.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 145.40 594.55 Td (under ) Tj ET Q q 0 0 0 rg BT 168.27 594.55 Td ("gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 212.33 594.55 Td (on ) Tj ET Q q 0 0 0 rg BT 223.71 594.55 Td (derivative ) Tj ET Q q 0 0 0 rg BT 262.08 594.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.95 594.55 Td (instruments". ) Tj ET Q q 0 0 0 rg BT 346.26 594.55 Td (Interest ) Tj ET Q q 0 0 0 rg BT 375.63 594.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 391.50 594.55 Td (swap ) Tj ET Q q 0 0 0 rg BT 412.38 594.55 Td (agreements ) Tj ET Q q 0 0 0 rg BT 455.75 594.55 Td (that ) Tj ET Q q 0 0 0 rg BT 471.63 594.55 Td (have ) Tj ET Q q 0 0 0 rg BT 491.00 594.55 Td (a ) Tj ET Q q 0 0 0 rg BT 497.38 594.55 Td (positive ) Tj ET Q q 0 0 0 rg BT 528.27 594.55 Td (fair ) Tj ET Q q 0 0 0 rg BT 543.14 594.55 Td (value ) Tj ET Q q 0 0 0 rg BT 565.02 594.55 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 69.73 583.75 Td (as ) Tj ET Q q 0 0 0 rg BT 79.48 583.75 Td ("Other ) Tj ET Q q 0 0 0 rg BT 105.89 583.75 Td (non-current ) Tj ET Q q 0 0 0 rg BT 150.12 583.75 Td (assets", ) Tj ET Q q 0 0 0 rg BT 179.29 583.75 Td (while ) Tj ET Q q 0 0 0 rg BT 201.54 583.75 Td (swaps ) Tj ET Q q 0 0 0 rg BT 225.79 583.75 Td (with ) Tj ET Q q 0 0 0 rg BT 244.04 583.75 Td (a ) Tj ET Q q 0 0 0 rg BT 250.28 583.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 283.02 583.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 297.76 583.75 Td (value ) Tj ET Q q 0 0 0 rg BT 319.50 583.75 Td (are ) Tj ET Q q 0 0 0 rg BT 332.73 583.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 366.46 583.75 Td (as ) Tj ET Q q 0 0 0 rg BT 376.21 583.75 Td ("Other ) Tj ET Q q 0 0 0 rg BT 402.62 583.75 Td (current ) Tj ET Q q 0 0 0 rg BT 430.36 583.75 Td (liabilities".) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 556.15 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.89 556.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 101.25 556.15 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 119.25 556.15 Td (, ) Tj ET Q q 0 0 0 rg BT 124.39 556.15 Td (we ) Tj ET Q q 0 0 0 rg BT 137.78 556.15 Td (had ) Tj ET Q q 0 0 0 rg BT 153.66 556.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.04 556.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 199.42 556.15 Td (swap ) Tj ET Q q 0 0 0 rg BT 220.81 556.15 Td (agreements ) Tj ET Q q 0 0 0 rg BT 264.67 556.15 Td (with ) Tj ET Q q 0 0 0 rg BT 283.56 556.15 Td (an ) Tj ET Q q 0 0 0 rg BT 294.95 556.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 339.84 556.15 Td (principal ) Tj ET Q q 0 0 0 rg BT 374.71 556.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 404.60 556.15 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.99 556.15 Td ($1,300 ) Tj ET Q q 0 0 0 rg BT 442.63 556.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.63 556.15 Td ( ) Tj ET Q q 0 0 0 rg BT 471.52 556.15 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.51 556.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 527.88 556.15 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.88 556.15 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.27 556.15 Td ($1,300 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 545.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 545.35 Td (\), ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.21 545.35 Td (including ) Tj ET Q q 0 0 0 rg BT 105.17 545.35 Td (one ) Tj ET Q q 0 0 0 rg BT 120.13 545.35 Td (contract ) Tj ET Q q 0 0 0 rg BT 151.08 545.35 Td (of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.57 545.35 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.54 545.35 Td ($200 ) Tj ET Q q 0 0 0 rg BT 180.50 545.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.50 545.35 Td ( ) Tj ET Q q 0 0 0 rg BT 208.47 545.35 Td (which ) Tj ET Q q 0 0 0 rg BT 232.42 545.35 Td (was ) Tj ET Q q 0 0 0 rg BT 248.38 545.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 276.83 545.35 Td (into ) Tj ET Q q 0 0 0 rg BT 292.79 545.35 Td (in ) Tj ET Q q 0 0 0 rg BT 301.76 545.35 Td (February ) Tj ET Q q 0 0 0 rg BT 336.21 545.35 Td (2014 ) Tj ET Q q 0 0 0 rg BT 356.17 545.35 Td (with ) Tj ET Q q 0 0 0 rg BT 374.14 545.35 Td (forward ) Tj ET Q q 0 0 0 rg BT 404.58 545.35 Td (start ) Tj ET Q q 0 0 0 rg BT 422.04 545.35 Td (in ) Tj ET Q q 0 0 0 rg BT 431.01 545.35 Td (March ) Tj ET Q q 0 0 0 rg BT 456.46 545.35 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.46 545.35 Td (. ) Tj ET Q q 0 0 0 rg BT 478.67 545.35 Td (Interest ) Tj ET Q q 0 0 0 rg BT 507.62 545.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 523.07 545.35 Td (swap ) Tj ET Q q 0 0 0 rg BT 543.53 545.35 Td (contracts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 534.55 Td (have ) Tj ET Q q 0 0 0 rg BT 55.24 534.55 Td (maturity ) Tj ET Q q 0 0 0 rg BT 87.98 534.55 Td (dates ) Tj ET Q q 0 0 0 rg BT 108.73 534.55 Td (between ) Tj ET Q q 0 0 0 rg BT 140.96 534.55 Td (January ) Tj ET Q q 0 0 0 rg BT 171.20 534.55 Td (2016 ) Tj ET Q q 0 0 0 rg BT 191.45 534.55 Td (and ) Tj ET Q q 0 0 0 rg BT 206.69 534.55 Td (March ) Tj ET Q q 0 0 0 rg BT 232.43 534.55 Td (2021.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 506.95 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 506.95 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 506.95 Td (did ) Tj ET Q q 0 0 0 rg BT 63.77 506.95 Td (not ) Tj ET Q q 0 0 0 rg BT 77.52 506.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 97.76 506.95 Td (into ) Tj ET Q q 0 0 0 rg BT 114.01 506.95 Td (any ) Tj ET Q q 0 0 0 rg BT 129.25 506.95 Td (other ) Tj ET Q q 0 0 0 rg BT 149.99 506.95 Td (new ) Tj ET Q q 0 0 0 rg BT 167.24 506.95 Td (swap ) Tj ET Q q 0 0 0 rg BT 187.98 506.95 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 233.46 506.95 Td (nor ) Tj ET Q q 0 0 0 rg BT 247.71 506.95 Td (change ) Tj ET Q q 0 0 0 rg BT 275.44 506.95 Td (any ) Tj ET Q q 0 0 0 rg BT 290.69 506.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 321.44 506.95 Td (swap ) Tj ET Q q 0 0 0 rg BT 342.18 506.95 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 387.66 506.95 Td (during ) Tj ET Q q 0 0 0 rg BT 413.41 506.95 Td (the ) Tj ET Q q 0 0 0 rg BT 426.66 506.95 Td (year ) Tj ET Q q 0 0 0 rg BT 444.39 506.95 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.13 506.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 520.86 506.95 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.86 506.95 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 479.35 Td (Financial instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 465.55 Td (The ) Tj ET Q q 0 0 0 rg BT 52.45 465.55 Td (following ) Tj ET Q q 0 0 0 rg BT 89.90 465.55 Td (table ) Tj ET Q q 0 0 0 rg BT 109.85 465.55 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 155.29 465.55 Td (the ) Tj ET Q q 0 0 0 rg BT 168.75 465.55 Td (notional ) Tj ET Q q 0 0 0 rg BT 200.70 465.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 233.65 465.55 Td (and ) Tj ET Q q 0 0 0 rg BT 249.10 465.55 Td (estimated ) Tj ET Q q 0 0 0 rg BT 286.05 465.55 Td (fair ) Tj ET Q q 0 0 0 rg BT 300.99 465.55 Td (values ) Tj ET Q q 0 0 0 rg BT 326.44 465.55 Td (of ) Tj ET Q q 0 0 0 rg BT 336.40 465.55 Td (our ) Tj ET Q q 0 0 0 rg BT 350.85 465.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 384.79 465.55 Td (instruments ) Tj ET Q q 0 0 0 rg BT 429.24 465.55 Td (as ) Tj ET Q q 0 0 0 rg BT 439.20 465.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.15 465.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 502.08 465.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.08 465.55 Td ( ) Tj ET Q q 0 0 0 rg BT 522.54 465.55 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.54 465.55 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 454.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 454.75 Td (: ) Tj ET Q q 0 0 0 rg BT 58.75 454.75 Td ($39.9 ) Tj ET Q q 0 0 0 rg BT 81.25 454.75 Td (million\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 421.25 395.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 421.25 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 421.25 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 431.5 421.25 m 505.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 421.25 m 575.5 421.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 425.70 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.60 425.70 Td (Notionalamount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.45 425.70 Td (Fairvalue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 411.71 Td (Interest rate swaps - assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 411.71 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 411.71 Td (200.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.75 411.71 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 397.71 Td (Interest rate swaps - liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 397.71 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 397.71 Td (1,100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.25 397.71 Td (\(25.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 397.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 366.15 Td (The ) Tj ET Q q 0 0 0 rg BT 51.54 366.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.58 366.15 Td (value ) Tj ET Q q 0 0 0 rg BT 86.61 366.15 Td (of ) Tj ET Q q 0 0 0 rg BT 95.66 366.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.70 366.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 138.73 366.15 Td (swaps ) Tj ET Q q 0 0 0 rg BT 162.28 366.15 Td (is ) Tj ET Q q 0 0 0 rg BT 169.83 366.15 Td (the ) Tj ET Q q 0 0 0 rg BT 182.37 366.15 Td (estimated ) Tj ET Q q 0 0 0 rg BT 218.41 366.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 246.95 366.15 Td (that ) Tj ET Q q 0 0 0 rg BT 262.00 366.15 Td (our ) Tj ET Q q 0 0 0 rg BT 275.54 366.15 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 328.07 366.15 Td (would ) Tj ET Q q 0 0 0 rg BT 352.11 366.15 Td (receive ) Tj ET Q q 0 0 0 rg BT 379.64 366.15 Td (or ) Tj ET Q q 0 0 0 rg BT 388.68 366.15 Td (pay ) Tj ET Q q 0 0 0 rg BT 403.22 366.15 Td (to ) Tj ET Q q 0 0 0 rg BT 411.77 366.15 Td (terminate ) Tj ET Q q 0 0 0 rg BT 447.30 366.15 Td (the ) Tj ET Q q 0 0 0 rg BT 459.85 366.15 Td (swap ) Tj ET Q q 0 0 0 rg BT 479.89 366.15 Td (agreements ) Tj ET Q q 0 0 0 rg BT 522.42 366.15 Td (at ) Tj ET Q q 0 0 0 rg BT 530.46 366.15 Td (the ) Tj ET Q q 0 0 0 rg BT 543.00 366.15 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 355.35 Td (date. ) Tj ET Q q 0 0 0 rg BT 55.63 355.35 Td (The ) Tj ET Q q 0 0 0 rg BT 72.20 355.35 Td (valuation ) Tj ET Q q 0 0 0 rg BT 108.27 355.35 Td (technique ) Tj ET Q q 0 0 0 rg BT 145.84 355.35 Td (used ) Tj ET Q q 0 0 0 rg BT 164.91 355.35 Td (to ) Tj ET Q q 0 0 0 rg BT 174.49 355.35 Td (determine ) Tj ET Q q 0 0 0 rg BT 213.05 355.35 Td (the ) Tj ET Q q 0 0 0 rg BT 226.63 355.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 241.69 355.35 Td (value ) Tj ET Q q 0 0 0 rg BT 263.76 355.35 Td (of ) Tj ET Q q 0 0 0 rg BT 273.84 355.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.91 355.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 318.97 355.35 Td (swaps ) Tj ET Q q 0 0 0 rg BT 343.55 355.35 Td (approximates ) Tj ET Q q 0 0 0 rg BT 394.61 355.35 Td (the ) Tj ET Q q 0 0 0 rg BT 408.19 355.35 Td (net ) Tj ET Q q 0 0 0 rg BT 421.76 355.35 Td (present ) Tj ET Q q 0 0 0 rg BT 450.33 355.35 Td (value ) Tj ET Q q 0 0 0 rg BT 472.40 355.35 Td (of ) Tj ET Q q 0 0 0 rg BT 482.47 355.35 Td (the ) Tj ET Q q 0 0 0 rg BT 496.05 355.35 Td (swap ) Tj ET Q q 0 0 0 rg BT 517.12 355.35 Td (contracts) Tj ET Q q 0 0 0 rg BT 551.93 355.35 Td ( ) Tj ET Q q 0 0 0 rg BT 554.51 355.35 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 344.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 54.24 344.55 Td (flows.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 316.95 Td (In ) Tj ET Q q 0 0 0 rg BT 45.23 316.95 Td (addition ) Tj ET Q q 0 0 0 rg BT 76.46 316.95 Td (to ) Tj ET Q q 0 0 0 rg BT 85.20 316.95 Td (the ) Tj ET Q q 0 0 0 rg BT 97.93 316.95 Td (above ) Tj ET Q q 0 0 0 rg BT 121.15 316.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.38 316.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 164.60 316.95 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 190.58 316.95 Td (SFL) Tj ET Q q 0 0 0 rg BT 205.76 316.95 Td ( ) Tj ET Q q 0 0 0 rg BT 207.49 316.95 Td (Linus ) Tj ET Q q 0 0 0 rg BT 229.73 316.95 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 248.46 316.95 Td (our ) Tj ET Q q 0 0 0 rg BT 262.19 316.95 Td (fully-consolidated ) Tj ET Q q 0 0 0 rg BT 329.28 316.95 Td (VIE ) Tj ET Q q 0 0 0 rg BT 346.01 316.95 Td (has ) Tj ET Q q 0 0 0 rg BT 359.75 316.95 Td (executed ) Tj ET Q q 0 0 0 rg BT 393.46 316.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 421.68 316.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 436.91 316.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.63 316.95 Td (flow ) Tj ET Q q 0 0 0 rg BT 472.86 316.95 Td (hedges ) Tj ET Q q 0 0 0 rg BT 499.59 316.95 Td (in ) Tj ET Q q 0 0 0 rg BT 508.33 316.95 Td (the ) Tj ET Q q 0 0 0 rg BT 521.06 316.95 Td (form ) Tj ET Q q 0 0 0 rg BT 540.29 316.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.52 316.95 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 306.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 51.88 306.15 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 78.52 306.15 Td (Movements ) Tj ET Q q 0 0 0 rg BT 123.40 306.15 Td (in ) Tj ET Q q 0 0 0 rg BT 132.79 306.15 Td (their ) Tj ET Q q 0 0 0 rg BT 151.67 306.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 166.55 306.15 Td (value ) Tj ET Q q 0 0 0 rg BT 188.43 306.15 Td (are ) Tj ET Q q 0 0 0 rg BT 201.81 306.15 Td (reflected ) Tj ET Q q 0 0 0 rg BT 235.67 306.15 Td (in ) Tj ET Q q 0 0 0 rg BT 245.06 306.15 Td ("Accumulated ) Tj ET Q q 0 0 0 rg BT 299.10 306.15 Td (other ) Tj ET Q q 0 0 0 rg BT 319.98 306.15 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 376.85 306.15 Td (income ) Tj ET Q q 0 0 0 rg BT 405.73 306.15 Td (\(loss\)," ) Tj ET Q q 0 0 0 rg BT 434.05 306.15 Td (with ) Tj ET Q q 0 0 0 rg BT 452.44 306.15 Td (their ) Tj ET Q q 0 0 0 rg BT 471.32 306.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 486.20 306.15 Td (value ) Tj ET Q q 0 0 0 rg BT 508.08 306.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 541.94 306.15 Td (as ) Tj ET Q q 0 0 0 rg BT 551.83 306.15 Td ("Other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 295.35 Td (current ) Tj ET Q q 0 0 0 rg BT 63.75 295.35 Td (assets" ) Tj ET Q q 0 0 0 rg BT 90.69 295.35 Td (or ) Tj ET Q q 0 0 0 rg BT 100.45 295.35 Td ("Other ) Tj ET Q q 0 0 0 rg BT 126.88 295.35 Td (current ) Tj ET Q q 0 0 0 rg BT 154.63 295.35 Td (liabilities." ) Tj ET Q q 0 0 0 rg BT 195.82 295.35 Td (As ) Tj ET Q q 0 0 0 rg BT 208.09 295.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.85 295.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 270.59 295.35 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.59 295.35 Td (, ) Tj ET Q q 0 0 0 rg BT 293.11 295.35 Td (the ) Tj ET Q q 0 0 0 rg BT 306.37 295.35 Td (fully-consolidated ) Tj ET Q q 0 0 0 rg BT 373.96 295.35 Td (VIE ) Tj ET Q q 0 0 0 rg BT 391.22 295.35 Td (had ) Tj ET Q q 0 0 0 rg BT 406.48 295.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 435.23 295.35 Td (into ) Tj ET Q q 0 0 0 rg BT 451.50 295.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 480.25 295.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 496.01 295.35 Td (swap ) Tj ET Q q 0 0 0 rg BT 516.77 295.35 Td (agreements ) Tj ET Q q 0 0 0 rg BT 560.01 295.35 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 284.55 Td (a ) Tj ET Q q 0 0 0 rg BT 42.22 284.55 Td (combined ) Tj ET Q q 0 0 0 rg BT 79.93 284.55 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 124.15 284.55 Td (principal ) Tj ET Q q 0 0 0 rg BT 158.36 284.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 187.58 284.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.29 284.55 Td ($199.9 ) Tj ET Q q 0 0 0 rg BT 224.27 284.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.27 284.55 Td (, ) Tj ET Q q 0 0 0 rg BT 254.74 284.55 Td (as ) Tj ET Q q 0 0 0 rg BT 264.46 284.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 302.16 284.55 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.38 284.55 Td ($224.0 ) Tj ET Q q 0 0 0 rg BT 338.36 284.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.36 284.55 Td ( ) Tj ET Q q 0 0 0 rg BT 366.58 284.55 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.80 284.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.80 284.55 Td (, ) Tj ET Q q 0 0 0 rg BT 398.27 284.55 Td (at ) Tj ET Q q 0 0 0 rg BT 406.99 284.55 Td (a ) Tj ET Q q 0 0 0 rg BT 413.21 284.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 428.92 284.55 Td (of ) Tj ET Q q 0 0 0 rg BT 438.63 284.55 Td (1.77% ) Tj ET Q q 0 0 0 rg BT 464.10 284.55 Td (to ) Tj ET Q q 0 0 0 rg BT 473.32 284.55 Td (2.01% ) Tj ET Q q 0 0 0 rg BT 498.79 284.55 Td (per ) Tj ET Q q 0 0 0 rg BT 512.51 284.55 Td (annum. ) Tj ET Q q 0 0 0 rg BT 541.31 284.55 Td (The ) Tj ET Q q 0 0 0 rg BT 557.53 284.55 Td (swap ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 273.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 79.68 273.75 Td (mature ) Tj ET Q q 0 0 0 rg BT 107.37 273.75 Td (between ) Tj ET Q q 0 0 0 rg BT 140.05 273.75 Td (October ) Tj ET Q q 0 0 0 rg BT 171.74 273.75 Td (and ) Tj ET Q q 0 0 0 rg BT 187.43 273.75 Td (December ) Tj ET Q q 0 0 0 rg BT 227.11 273.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 250.06 273.75 Td (and ) Tj ET Q q 0 0 0 rg BT 265.76 273.75 Td (the ) Tj ET Q q 0 0 0 rg BT 279.45 273.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 294.64 273.75 Td (value ) Tj ET Q q 0 0 0 rg BT 316.83 273.75 Td (as ) Tj ET Q q 0 0 0 rg BT 327.03 273.75 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.23 273.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 390.40 273.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.40 273.75 Td ( ) Tj ET Q q 0 0 0 rg BT 411.11 273.75 Td (was ) Tj ET Q q 0 0 0 rg BT 427.80 273.75 Td (a ) Tj ET Q q 0 0 0 rg BT 434.50 273.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 465.20 273.75 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.39 273.75 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 493.84 273.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.85 273.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.55 273.75 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.54 273.75 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 262.95 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 262.95 Td (: ) Tj ET Q q 0 0 0 rg BT 58.75 262.95 Td (liability ) Tj ET Q q 0 0 0 rg BT 89.00 262.95 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.75 262.95 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 116.75 262.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.75 262.95 Td (\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 229.45 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 229.45 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 229.45 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 430.5 229.45000000000005 m 501.5 229.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 229.45000000000005 m 571.5 229.45000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 233.90 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.10 233.90 Td (Notionalamount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.45 233.90 Td (Fairvalue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 219.91 Td (Interest rate swaps - hedge accounted - liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.00 219.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 219.91 Td (199.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 219.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.75 219.91 Td (\(2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.00 219.91 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 174.55 Td (As ) Tj ET Q q 0 0 0 rg BT 48.75 174.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.99 174.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.21 174.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.21 174.55 Td ( ) Tj ET Q q 0 0 0 rg BT 132.95 174.55 Td (we ) Tj ET Q q 0 0 0 rg BT 146.19 174.55 Td (also ) Tj ET Q q 0 0 0 rg BT 163.43 174.55 Td (had ) Tj ET Q q 0 0 0 rg BT 179.17 174.55 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 223.92 174.55 Td (cross ) Tj ET Q q 0 0 0 rg BT 245.16 174.55 Td (currency ) Tj ET Q q 0 0 0 rg BT 279.38 174.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 308.62 174.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 324.85 174.55 Td (swaps ) Tj ET Q q 0 0 0 rg BT 349.59 174.55 Td (with ) Tj ET Q q 0 0 0 rg BT 368.34 174.55 Td (principal ) Tj ET Q q 0 0 0 rg BT 403.07 174.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 432.81 174.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.05 174.55 Td ($253.5 ) Tj ET Q q 0 0 0 rg BT 470.54 174.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.55 174.55 Td ( ) Tj ET Q q 0 0 0 rg BT 499.29 174.55 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.29 174.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 555.51 174.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.51 174.55 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 163.75 Td ($253.5 ) Tj ET Q q 0 0 0 rg BT 62.99 163.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 163.75 Td (\) ) Tj ET Q q 0 0 0 rg BT 94.24 163.75 Td (with ) Tj ET Q q 0 0 0 rg BT 112.48 163.75 Td (maturity ) Tj ET Q q 0 0 0 rg BT 145.22 163.75 Td (dates ) Tj ET Q q 0 0 0 rg BT 165.95 163.75 Td (in ) Tj ET Q q 0 0 0 rg BT 175.20 163.75 Td (October ) Tj ET Q q 0 0 0 rg BT 206.43 163.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 226.67 163.75 Td (at ) Tj ET Q q 0 0 0 rg BT 235.41 163.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 256.15 163.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 284.88 163.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 304.11 163.75 Td (of ) Tj ET Q q 0 0 0 rg BT 313.85 163.75 Td (6.18% ) Tj ET Q q 0 0 0 rg BT 339.34 163.75 Td (per ) Tj ET Q q 0 0 0 rg BT 353.08 163.75 Td (annum. ) Tj ET Q q 0 0 0 rg BT 381.91 163.75 Td (The ) Tj ET Q q 0 0 0 rg BT 398.14 163.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 412.88 163.75 Td (value ) Tj ET Q q 0 0 0 rg BT 434.61 163.75 Td (of ) Tj ET Q q 0 0 0 rg BT 444.35 163.75 Td (our ) Tj ET Q q 0 0 0 rg BT 458.59 163.75 Td (cross ) Tj ET Q q 0 0 0 rg BT 479.33 163.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 513.05 163.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 541.79 163.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 557.52 163.75 Td (swap ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 70.73 152.95 Td (as ) Tj ET Q q 0 0 0 rg BT 80.48 152.95 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.23 152.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 142.95 152.95 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.95 152.95 Td ( ) Tj ET Q q 0 0 0 rg BT 163.20 152.95 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.20 152.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 218.93 152.95 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.93 152.95 Td (: ) Tj ET Q q 0 0 0 rg BT 241.68 152.95 Td ($13.1 ) Tj ET Q q 0 0 0 rg BT 264.18 152.95 Td (million\), ) Tj ET Q q 0 0 0 rg BT 297.68 152.95 Td (was ) Tj ET Q q 0 0 0 rg BT 313.92 152.95 Td (as ) Tj ET Q q 0 0 0 rg BT 323.67 152.95 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 119.45 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 119.45 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 119.45 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 432.5 119.45000000000005 m 503.5 119.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 119.45000000000005 m 573.5 119.45000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 123.90 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.10 123.90 Td (Notionalamount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 123.90 Td (Fairvalue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 109.91 Td (Cross currency swaps - liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 109.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 109.91 Td (253.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 109.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 109.91 Td (\(98.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 570.00 109.91 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 78.35 Td (As ) Tj ET Q q 0 0 0 rg BT 47.94 78.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.37 78.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.79 78.35 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.79 78.35 Td (, ) Tj ET Q q 0 0 0 rg BT 131.97 78.35 Td (our ) Tj ET Q q 0 0 0 rg BT 145.91 78.35 Td (net ) Tj ET Q q 0 0 0 rg BT 158.84 78.35 Td (ef) Tj ET Q q 0 0 0 rg BT 165.67 78.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 192.09 78.35 Td (exposure ) Tj ET Q q 0 0 0 rg BT 226.51 78.35 Td (to ) Tj ET Q q 0 0 0 rg BT 235.45 78.35 Td (floating ) Tj ET Q q 0 0 0 rg BT 265.38 78.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 293.81 78.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 309.23 78.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 353.66 78.35 Td (on ) Tj ET Q q 0 0 0 rg BT 364.60 78.35 Td (our ) Tj ET Q q 0 0 0 rg BT 378.53 78.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 422.47 78.35 Td (debt ) Tj ET Q q 0 0 0 rg BT 439.90 78.35 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.83 78.35 Td ($171.2 ) Tj ET Q q 0 0 0 rg BT 482.52 78.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.52 78.35 Td (, ) Tj ET Q q 0 0 0 rg BT 512.71 78.35 Td (based ) Tj ET Q q 0 0 0 rg BT 535.14 78.35 Td (on ) Tj ET Q q 0 0 0 rg BT 546.07 78.35 Td (our ) Tj ET Q q 0 0 0 rg BT 560.01 78.35 Td (total ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 67.55 Td (net ) Tj ET Q q 0 0 0 rg BT 49.07 67.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 77.63 67.55 Td (bearing ) Tj ET Q q 0 0 0 rg BT 106.69 67.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 124.26 67.55 Td (including ) Tj ET Q q 0 0 0 rg BT 160.32 67.55 Td (related ) Tj ET Q q 0 0 0 rg BT 186.88 67.55 Td (party ) Tj ET Q q 0 0 0 rg BT 207.44 67.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.01 67.55 Td ($2,449.6 ) Tj ET Q q 0 0 0 rg BT 250.58 67.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.59 67.55 Td ( ) Tj ET Q q 0 0 0 rg BT 278.66 67.55 Td (less ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.23 67.55 Td ($725.0 ) Tj ET Q q 0 0 0 rg BT 321.05 67.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.06 67.55 Td ( ) Tj ET Q q 0 0 0 rg BT 349.13 67.55 Td (of ) Tj ET Q q 0 0 0 rg BT 358.70 67.55 Td (fixed ) Tj ET Q q 0 0 0 rg BT 379.26 67.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.82 67.55 Td (loans ) Tj ET Q q 0 0 0 rg BT 415.89 67.55 Td (and ) Tj ET Q q 0 0 0 rg BT 430.96 67.55 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 456.78 67.55 Td (less ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.36 67.55 Td ($1,553.4 ) Tj ET Q q 0 0 0 rg BT 505.93 67.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.93 67.55 Td ( ) Tj ET Q q 0 0 0 rg BT 534.00 67.55 Td (outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 56.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 70.60 56.75 Td (of ) Tj ET Q q 0 0 0 rg BT 80.71 56.75 Td (our ) Tj ET Q q 0 0 0 rg BT 95.31 56.75 Td (floating ) Tj ET Q q 0 0 0 rg BT 125.92 56.75 Td (to ) Tj ET Q q 0 0 0 rg BT 135.53 56.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 156.63 56.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 185.73 56.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 201.83 56.75 Td (swaps ) Tj ET Q q 0 0 0 rg BT 226.44 56.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.04 56.75 Td (cross ) Tj ET Q q 0 0 0 rg BT 263.15 56.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 297.24 56.75 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 323.52 56.75 Td (An ) Tj ET Q q 0 0 0 rg BT 337.13 56.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 369.22 56.75 Td (or ) Tj ET Q q 0 0 0 rg BT 379.33 56.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 412.91 56.75 Td (in ) Tj ET Q q 0 0 0 rg BT 422.52 56.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 462.62 56.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 491.72 56.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.32 56.75 Td (of ) Tj ET Q q 0 0 0 rg BT 521.43 56.75 Td (one ) Tj ET Q q 0 0 0 rg BT 537.03 56.75 Td (percentage ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 45.95 Td (point ) Tj ET Q q 0 0 0 rg BT 56.75 45.95 Td (would ) Tj ET Q q 0 0 0 rg BT 81.50 45.95 Td (thus ) Tj ET Q q 0 0 0 rg BT 98.75 45.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 130.48 45.95 Td (or ) Tj ET Q q 0 0 0 rg BT 140.23 45.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 173.45 45.95 Td (our ) Tj ET Q q 0 0 0 rg BT 187.70 45.95 Td (ef) Tj ET Q q 0 0 0 rg BT 194.53 45.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 221.26 45.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.00 45.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 281.24 45.95 Td (by ) Tj ET Q q 0 0 0 rg BT 292.49 45.95 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.72 45.95 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 364.72 45.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.72 45.95 Td ( ) Tj ET Q q 0 0 0 rg BT 392.97 45.95 Td (on ) Tj ET Q q 0 0 0 rg BT 404.22 45.95 Td (an ) Tj ET Q q 0 0 0 rg BT 414.97 45.95 Td (annual ) Tj ET Q q 0 0 0 rg BT 441.21 45.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 461.46 45.95 Td (as ) Tj ET Q q 0 0 0 rg BT 471.20 45.95 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.95 45.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 533.68 45.95 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.68 45.95 Td (. ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (64) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (Foreign currency risk management) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 722.20 Td (e ) Tj ET Q q 0 0 0 rg BT 50.34 722.20 Td (have ) Tj ET Q q 0 0 0 rg BT 69.90 722.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 88.48 722.20 Td (dollars ) Tj ET Q q 0 0 0 rg BT 115.54 722.20 Td (as ) Tj ET Q q 0 0 0 rg BT 125.61 722.20 Td (our ) Tj ET Q q 0 0 0 rg BT 140.18 722.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 179.24 722.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 213.28 722.20 Td (because ) Tj ET Q q 0 0 0 rg BT 244.34 722.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.90 722.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 290.97 722.20 Td (of ) Tj ET Q q 0 0 0 rg BT 301.03 722.20 Td (our ) Tj ET Q q 0 0 0 rg BT 315.60 722.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 350.16 722.20 Td (and ) Tj ET Q q 0 0 0 rg BT 365.72 722.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 384.28 722.20 Td (inflows ) Tj ET Q q 0 0 0 rg BT 413.85 722.20 Td (are ) Tj ET Q q 0 0 0 rg BT 427.41 722.20 Td (denominated ) Tj ET Q q 0 0 0 rg BT 476.47 722.20 Td (in ) Tj ET Q q 0 0 0 rg BT 486.04 722.20 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 514.79 722.20 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 559.19 722.20 Td (, ) Tj ET Q q 0 0 0 rg BT 564.01 722.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 70.35 711.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 103.19 711.40 Td (is ) Tj ET Q q 0 0 0 rg BT 110.55 711.40 Td (also ) Tj ET Q q 0 0 0 rg BT 126.40 711.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 143.77 711.40 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 171.77 711.40 Td (W) Tj ET Q q 0 0 0 rg BT 179.55 711.40 Td (e ) Tj ET Q q 0 0 0 rg BT 184.90 711.40 Td (do, ) Tj ET Q q 0 0 0 rg BT 197.51 711.40 Td (however) Tj ET Q q 0 0 0 rg BT 228.14 711.40 Td (, ) Tj ET Q q 0 0 0 rg BT 231.74 711.40 Td (earn ) Tj ET Q q 0 0 0 rg BT 248.59 711.40 Td (some ) Tj ET Q q 0 0 0 rg BT 268.95 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 277.80 711.40 Td (our ) Tj ET Q q 0 0 0 rg BT 291.16 711.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 321.00 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 335.35 711.40 Td (incur ) Tj ET Q q 0 0 0 rg BT 355.20 711.40 Td (some ) Tj ET Q q 0 0 0 rg BT 375.56 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 384.41 711.40 Td (our ) Tj ET Q q 0 0 0 rg BT 397.77 711.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 431.62 711.40 Td (in ) Tj ET Q q 0 0 0 rg BT 439.98 711.40 Td (other ) Tj ET Q q 0 0 0 rg BT 459.83 711.40 Td (currencies ) Tj ET Q q 0 0 0 rg BT 498.16 711.40 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 536.01 711.40 Td (Norwegian ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (Kroner\) ) Tj ET Q q 0 0 0 rg BT 66.74 700.60 Td (and ) Tj ET Q q 0 0 0 rg BT 81.98 700.60 Td (there ) Tj ET Q q 0 0 0 rg BT 102.22 700.60 Td (is ) Tj ET Q q 0 0 0 rg BT 110.47 700.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 145.20 700.60 Td (a ) Tj ET Q q 0 0 0 rg BT 151.44 700.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 167.19 700.60 Td (that ) Tj ET Q q 0 0 0 rg BT 182.94 700.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 216.66 700.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 261.40 700.60 Td (could ) Tj ET Q q 0 0 0 rg BT 283.65 700.60 Td (have ) Tj ET Q q 0 0 0 rg BT 302.89 700.60 Td (an ) Tj ET Q q 0 0 0 rg BT 313.63 700.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 343.37 700.60 Td (ef) Tj ET Q q 0 0 0 rg BT 350.20 700.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 365.93 700.60 Td (on ) Tj ET Q q 0 0 0 rg BT 377.18 700.60 Td (our ) Tj ET Q q 0 0 0 rg BT 391.43 700.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 409.67 700.60 Td (flows.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 673.00 Td (This ) Tj ET Q q 0 0 0 rg BT 53.44 673.00 Td (section ) Tj ET Q q 0 0 0 rg BT 80.36 673.00 Td (should ) Tj ET Q q 0 0 0 rg BT 105.80 673.00 Td (be ) Tj ET Q q 0 0 0 rg BT 115.73 673.00 Td (read ) Tj ET Q q 0 0 0 rg BT 132.65 673.00 Td (in ) Tj ET Q q 0 0 0 rg BT 141.09 673.00 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 185.01 673.00 Td (with ) Tj ET Q q 0 0 0 rg BT 202.45 673.00 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.12 673.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 225.05 673.00 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.05 673.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 256.49 673.00 Td (management ) Tj ET Q q 0 0 0 rg BT 303.91 673.00 Td (and ) Tj ET Q q 0 0 0 rg BT 318.34 673.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 351.26 673.00 Td (instruments" ) Tj ET Q q 0 0 0 rg BT 398.36 673.00 Td (to ) Tj ET Q q 0 0 0 rg BT 406.80 673.00 Td (our ) Tj ET Q q 0 0 0 rg BT 420.23 673.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 469.16 673.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 504.09 673.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 545.02 673.00 Td (included ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 662.20 Td (herein.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 634.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.05 634.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 80.10 634.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 113.63 634.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 129.19 634.60 Td (arises ) Tj ET Q q 0 0 0 rg BT 151.74 634.60 Td (from ) Tj ET Q q 0 0 0 rg BT 171.29 634.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.34 634.60 Td (measurement ) Tj ET Q q 0 0 0 rg BT 234.38 634.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.93 634.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 261.48 634.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.53 634.60 Td (other ) Tj ET Q q 0 0 0 rg BT 297.08 634.60 Td (monetary ) Tj ET Q q 0 0 0 rg BT 333.13 634.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.18 634.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.23 634.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 406.78 634.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 455.33 634.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.38 634.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 492.43 634.60 Td (currencies ) Tj ET Q q 0 0 0 rg BT 531.46 634.60 Td (converted ) Tj ET Q q 0 0 0 rg BT 569.00 634.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 53.94 623.80 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 82.62 623.80 Td (with ) Tj ET Q q 0 0 0 rg BT 100.55 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 113.48 623.80 Td (resulting ) Tj ET Q q 0 0 0 rg BT 146.91 623.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 164.34 623.80 Td (or ) Tj ET Q q 0 0 0 rg BT 173.77 623.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 189.71 623.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 223.12 623.80 Td (as ) Tj ET Q q 0 0 0 rg BT 232.55 623.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 258.97 623.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.39 623.80 Td (items ) Tj ET Q q 0 0 0 rg BT 317.81 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 332.74 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 345.67 623.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 372.09 623.80 Td (of ) Tj ET Q q 0 0 0 rg BT 381.52 623.80 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 425.95 623.80 Td (in ) Tj ET Q q 0 0 0 rg BT 434.88 623.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 470.79 623.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.72 623.80 Td (on ) Tj ET Q q 0 0 0 rg BT 500.65 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 513.58 623.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 545.50 623.80 Td (amounts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 613.00 Td (our ) Tj ET Q q 0 0 0 rg BT 59.99 613.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 94.23 613.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.47 613.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.21 613.00 Td (which ) Tj ET Q q 0 0 0 rg BT 168.46 613.00 Td (are ) Tj ET Q q 0 0 0 rg BT 181.69 613.00 Td (contracted ) Tj ET Q q 0 0 0 rg BT 221.42 613.00 Td (in ) Tj ET Q q 0 0 0 rg BT 230.67 613.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 258.91 613.00 Td (currencies.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 585.40 Td (As ) Tj ET Q q 0 0 0 rg BT 48.25 585.40 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 585.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.72 585.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.72 585.40 Td ( ) Tj ET Q q 0 0 0 rg BT 129.97 585.40 Td (we ) Tj ET Q q 0 0 0 rg BT 142.72 585.40 Td (did ) Tj ET Q q 0 0 0 rg BT 156.47 585.40 Td (not ) Tj ET Q q 0 0 0 rg BT 170.22 585.40 Td (have ) Tj ET Q q 0 0 0 rg BT 189.46 585.40 Td (any ) Tj ET Q q 0 0 0 rg BT 204.70 585.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 248.95 585.40 Td (forward ) Tj ET Q q 0 0 0 rg BT 279.69 585.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 313.41 585.40 Td (contracts.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.80 Td (As ) Tj ET Q q 0 0 0 rg BT 48.08 557.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.65 557.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 110.20 557.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.20 557.80 Td (, ) Tj ET Q q 0 0 0 rg BT 132.53 557.80 Td (we ) Tj ET Q q 0 0 0 rg BT 145.09 557.80 Td (held ) Tj ET Q q 0 0 0 rg BT 162.67 557.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.73 557.80 Td (denominated ) Tj ET Q q 0 0 0 rg BT 229.29 557.80 Td (in ) Tj ET Q q 0 0 0 rg BT 238.37 557.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 280.43 557.80 Td (kroner ) Tj ET Q q 0 0 0 rg BT 305.99 557.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.57 557.80 Td (NOK ) Tj ET Q q 0 0 0 rg BT 337.14 557.80 Td (465.9 ) Tj ET Q q 0 0 0 rg BT 359.46 557.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.47 557.80 Td (. ) Tj ET Q q 0 0 0 rg BT 389.79 557.80 Td ( ) Tj ET Q q 0 0 0 rg BT 391.41 557.80 Td (A) Tj ET Q q 0 0 0 rg BT 397.41 557.80 Td ( ) Tj ET Q q 0 0 0 rg BT 399.49 557.80 Td (1% ) Tj ET Q q 0 0 0 rg BT 413.56 557.80 Td (change ) Tj ET Q q 0 0 0 rg BT 441.12 557.80 Td (in ) Tj ET Q q 0 0 0 rg BT 450.19 557.80 Td (the ) Tj ET Q q 0 0 0 rg BT 463.26 557.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 499.32 557.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 514.88 557.80 Td (between ) Tj ET Q q 0 0 0 rg BT 546.94 557.80 Td (the ) Tj ET Q q 0 0 0 rg BT 560.01 557.80 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 547.00 Td (dollar ) Tj ET Q q 0 0 0 rg BT 58.99 547.00 Td (and ) Tj ET Q q 0 0 0 rg BT 73.98 547.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.98 547.00 Td (bought ) Tj ET Q q 0 0 0 rg BT 113.97 547.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 144.46 547.00 Td (currencies ) Tj ET Q q 0 0 0 rg BT 183.43 547.00 Td (would ) Tj ET Q q 0 0 0 rg BT 207.93 547.00 Td (result ) Tj ET Q q 0 0 0 rg BT 229.92 547.00 Td (in ) Tj ET Q q 0 0 0 rg BT 238.92 547.00 Td (an ) Tj ET Q q 0 0 0 rg BT 249.41 547.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 288.88 547.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 316.87 547.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 350.35 547.00 Td (translation ) Tj ET Q q 0 0 0 rg BT 390.33 547.00 Td (or ) Tj ET Q q 0 0 0 rg BT 399.83 547.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 415.83 547.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.33 547.00 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 443.07 547.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.08 547.00 Td ( ) Tj ET Q q 0 0 0 rg BT 471.07 547.00 Td (that ) Tj ET Q q 0 0 0 rg BT 486.57 547.00 Td (would ) Tj ET Q q 0 0 0 rg BT 511.06 547.00 Td (be ) Tj ET Q q 0 0 0 rg BT 521.56 547.00 Td (reflected ) Tj ET Q q 0 0 0 rg BT 555.03 547.00 Td (in ) Tj ET Q q 0 0 0 rg BT 564.03 547.00 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 83.74 536.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 123.98 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 133.73 536.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 173.47 536.20 Td (on ) Tj ET Q q 0 0 0 rg BT 184.72 536.20 Td (an ) Tj ET Q q 0 0 0 rg BT 195.46 536.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 221.70 536.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 241.95 536.20 Td (as ) Tj ET Q q 0 0 0 rg BT 251.70 536.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.44 536.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 314.17 536.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.17 536.20 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 508.60 Td (Concentration of credit risk) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 494.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.12 494.80 Td (market ) Tj ET Q q 0 0 0 rg BT 79.23 494.80 Td (for ) Tj ET Q q 0 0 0 rg BT 91.85 494.80 Td (our ) Tj ET Q q 0 0 0 rg BT 105.97 494.80 Td (services ) Tj ET Q q 0 0 0 rg BT 137.09 494.80 Td (is ) Tj ET Q q 0 0 0 rg BT 145.22 494.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.34 494.80 Td (of) Tj ET Q q 0 0 0 rg BT 165.67 494.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 190.29 494.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 201.92 494.80 Td (and ) Tj ET Q q 0 0 0 rg BT 217.04 494.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 231.16 494.80 Td (industry) Tj ET Q q 0 0 0 rg BT 260.08 494.80 Td (, ) Tj ET Q q 0 0 0 rg BT 264.45 494.80 Td (and ) Tj ET Q q 0 0 0 rg BT 279.57 494.80 Td (our ) Tj ET Q q 0 0 0 rg BT 293.69 494.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 332.31 494.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 359.44 494.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 395.06 494.80 Td (of ) Tj ET Q q 0 0 0 rg BT 404.68 494.80 Td (major ) Tj ET Q q 0 0 0 rg BT 427.80 494.80 Td (integrated ) Tj ET Q q 0 0 0 rg BT 465.91 494.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 477.53 494.80 Td (companies, ) Tj ET Q q 0 0 0 rg BT 520.40 494.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 566.51 494.80 Td (oil ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 50.70 484.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 64.40 484.00 Td (producers ) Tj ET Q q 0 0 0 rg BT 101.59 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.29 484.00 Td (government ) Tj ET Q q 0 0 0 rg BT 160.98 484.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 186.68 484.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 197.88 484.00 Td (companies. ) Tj ET Q q 0 0 0 rg BT 240.20 484.00 Td (W) Tj ET Q q 0 0 0 rg BT 247.98 484.00 Td (e ) Tj ET Q q 0 0 0 rg BT 253.67 484.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 284.36 484.00 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 315.57 484.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 337.76 484.00 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 380.45 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 389.65 484.00 Td (our ) Tj ET Q q 0 0 0 rg BT 403.35 484.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 441.55 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 456.25 484.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 491.44 484.00 Td (do ) Tj ET Q q 0 0 0 rg BT 502.14 484.00 Td (not ) Tj ET Q q 0 0 0 rg BT 515.34 484.00 Td (require ) Tj ET Q q 0 0 0 rg BT 542.53 484.00 Td (collateral ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 473.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 473.20 Td (our ) Tj ET Q q 0 0 0 rg BT 59.50 473.20 Td (business ) Tj ET Q q 0 0 0 rg BT 92.25 473.20 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 137.73 473.20 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 172.47 473.20 Td (for ) Tj ET Q q 0 0 0 rg BT 185.21 473.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 218.95 473.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 241.69 473.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 265.44 473.20 Td (are ) Tj ET Q q 0 0 0 rg BT 278.68 473.20 Td (maintained ) Tj ET Q q 0 0 0 rg BT 320.92 473.20 Td (when ) Tj ET Q q 0 0 0 rg BT 342.66 473.20 Td (necessary) Tj ET Q q 0 0 0 rg BT 377.06 473.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 459.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 459.40 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 459.40 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 459.40 Td (shows ) Tj ET Q q 0 0 0 rg BT 133.98 459.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 147.23 465.64 152.95 -8.18 re f /GS0 gs q 0 0 0 rg BT 147.23 459.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 185.97 459.40 Td (which ) Tj ET Q q 0 0 0 rg BT 210.22 459.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 248.95 459.40 Td (for ) Tj ET Q q 0 0 0 rg BT 261.69 459.40 Td (more ) Tj ET Q q 0 0 0 rg BT 282.43 459.40 Td (than ) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 300.18 465.64 16.50 -8.18 re f /GS0 gs q 0 0 0 rg BT 300.18 459.40 Td (10%) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 316.67 465.64 150.71 -8.18 re f /GS0 gs q 0 0 0 rg BT 316.67 459.40 Td ( ) Tj ET Q q 0 0 0 rg BT 318.92 459.40 Td (of ) Tj ET Q q 0 0 0 rg BT 328.67 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 341.92 459.40 Td (Company) Tj ET Q q 0 0 0 rg BT 379.42 459.40 Td (s ) Tj ET Q q 0 0 0 rg BT 385.17 459.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 432.91 459.40 Td (revenues:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 403.90 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 403.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 403.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 403.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 403.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 403.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 403.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 375.90 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 375.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 375.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 375.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 375.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 375.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 375.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 347.90 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 347.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 347.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 347.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 347.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 347.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 347.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 319.90 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 319.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 319.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 319.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 319.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 319.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 319.90 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 358.5 431.9 m 428.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 431.9 m 432.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 431.9 m 502.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 431.9 m 506.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 431.9 m 576.5 431.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 417.9 m 354.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 417.9 m 358.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 417.9 m 428.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 417.9 m 432.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 417.9 m 502.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 417.9 m 506.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 417.9 m 576.5 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 319.9 m 354.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 319.9 m 358.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 319.9 m 428.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.9 m 432.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 319.9 m 502.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 319.9 m 506.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 319.9 m 358.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 319.9 m 428.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.9 m 432.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 319.9 m 502.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 319.9 m 506.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 319.9 m 576.5 319.9 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 436.35 Td (Contract revenue split by client:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 436.35 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 422.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 422.35 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 422.35 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 409.16 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 409.16 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 409.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 409.16 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 409.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 409.16 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 409.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 395.16 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 395.16 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 395.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 395.16 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 395.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 395.16 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 395.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 381.16 Td (Conoco Phillips) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 381.16 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 381.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 381.16 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 381.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 381.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 381.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 367.16 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 367.16 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 367.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 367.16 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 367.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 367.16 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 367.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 353.16 Td (Shell) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 353.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 353.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 353.16 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 353.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 353.16 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 353.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 339.16 Td (KMNG) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 339.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 339.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 338.36 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 338.36 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 338.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 338.36 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 325.16 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 325.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 325.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 325.16 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 325.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.50 324.36 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 324.36 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 311.30 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.50 311.30 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 311.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.50 311.30 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 311.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 311.30 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.00 311.30 Td (%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 278.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 278.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.14 278.80 Td (may ) Tj ET Q q 0 0 0 rg BT 68.00 278.80 Td (also ) Tj ET Q q 0 0 0 rg BT 84.86 278.80 Td (face ) Tj ET Q q 0 0 0 rg BT 102.21 278.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 125.06 278.80 Td (related ) Tj ET Q q 0 0 0 rg BT 151.91 278.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 175.78 278.80 Td (in ) Tj ET Q q 0 0 0 rg BT 185.15 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 198.51 278.80 Td (event ) Tj ET Q q 0 0 0 rg BT 220.37 278.80 Td (that ) Tj ET Q q 0 0 0 rg BT 236.23 278.80 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 289.57 278.80 Td (to ) Tj ET Q q 0 0 0 rg BT 298.94 278.80 Td (our ) Tj ET Q q 0 0 0 rg BT 313.30 278.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 351.65 278.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.50 278.80 Td (instrument ) Tj ET Q q 0 0 0 rg BT 426.36 278.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 461.21 278.80 Td (do ) Tj ET Q q 0 0 0 rg BT 472.58 278.80 Td (not ) Tj ET Q q 0 0 0 rg BT 486.45 278.80 Td (perform ) Tj ET Q q 0 0 0 rg BT 517.80 278.80 Td (according ) Tj ET Q q 0 0 0 rg BT 555.65 278.80 Td (to ) Tj ET Q q 0 0 0 rg BT 565.02 278.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 57.98 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 67.46 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.43 268.00 Td (contract. ) Tj ET Q q 0 0 0 rg BT 113.50 268.00 Td (The ) Tj ET Q q 0 0 0 rg BT 129.48 268.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.95 268.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 167.43 268.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 193.91 268.00 Td (from ) Tj ET Q q 0 0 0 rg BT 213.38 268.00 Td (these ) Tj ET Q q 0 0 0 rg BT 233.86 268.00 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 286.82 268.00 Td (relates ) Tj ET Q q 0 0 0 rg BT 312.28 268.00 Td (to ) Tj ET Q q 0 0 0 rg BT 321.26 268.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 360.72 268.00 Td (profits ) Tj ET Q q 0 0 0 rg BT 386.20 268.00 Td (from ) Tj ET Q q 0 0 0 rg BT 405.68 268.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 433.65 268.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 469.61 268.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 500.08 268.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 534.54 268.00 Td (and ) Tj ET Q q 0 0 0 rg BT 549.52 268.00 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 257.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 51.52 257.20 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 77.66 257.20 Td (W) Tj ET Q q 0 0 0 rg BT 85.44 257.20 Td (e ) Tj ET Q q 0 0 0 rg BT 91.47 257.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 126.99 257.20 Td (do ) Tj ET Q q 0 0 0 rg BT 138.02 257.20 Td (not ) Tj ET Q q 0 0 0 rg BT 151.56 257.20 Td (require ) Tj ET Q q 0 0 0 rg BT 179.08 257.20 Td (collateral ) Tj ET Q q 0 0 0 rg BT 214.60 257.20 Td (for ) Tj ET Q q 0 0 0 rg BT 227.13 257.20 Td (our ) Tj ET Q q 0 0 0 rg BT 241.16 257.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.68 257.20 Td (instrument ) Tj ET Q q 0 0 0 rg BT 315.22 257.20 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 351.84 257.20 Td (W) Tj ET Q q 0 0 0 rg BT 359.61 257.20 Td (e ) Tj ET Q q 0 0 0 rg BT 365.65 257.20 Td (do, ) Tj ET Q q 0 0 0 rg BT 378.93 257.20 Td (however) Tj ET Q q 0 0 0 rg BT 409.56 257.20 Td (, ) Tj ET Q q 0 0 0 rg BT 413.85 257.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 433.87 257.20 Td (into ) Tj ET Q q 0 0 0 rg BT 449.91 257.20 Td (master ) Tj ET Q q 0 0 0 rg BT 475.93 257.20 Td (netting ) Tj ET Q q 0 0 0 rg BT 502.97 257.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 545.98 257.20 Td (with ) Tj ET Q q 0 0 0 rg BT 564.02 257.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 246.40 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 89.38 246.40 Td (to ) Tj ET Q q 0 0 0 rg BT 98.78 246.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 137.16 246.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.04 246.40 Td (instrument ) Tj ET Q q 0 0 0 rg BT 211.94 246.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 246.82 246.40 Td (to ) Tj ET Q q 0 0 0 rg BT 256.23 246.40 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 288.12 246.40 Td (our ) Tj ET Q q 0 0 0 rg BT 302.52 246.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 337.40 246.40 Td (to ) Tj ET Q q 0 0 0 rg BT 346.81 246.40 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 394.68 246.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 417.57 246.40 Td (risks. ) Tj ET Q q 0 0 0 rg BT 439.05 246.40 Td (These ) Tj ET Q q 0 0 0 rg BT 462.94 246.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 506.32 246.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 536.21 246.40 Td (us ) Tj ET Q q 0 0 0 rg BT 546.62 246.40 Td (with ) Tj ET Q q 0 0 0 rg BT 565.02 246.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 235.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 55.74 235.60 Td (right ) Tj ET Q q 0 0 0 rg BT 74.99 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.24 235.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 110.07 235.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 120.81 235.60 Td (all ) Tj ET Q q 0 0 0 rg BT 132.06 235.60 Td (or ) Tj ET Q q 0 0 0 rg BT 141.80 235.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.05 235.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 176.30 235.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.04 235.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 218.79 235.60 Td (owed ) Tj ET Q q 0 0 0 rg BT 240.53 235.60 Td (to ) Tj ET Q q 0 0 0 rg BT 249.79 235.60 Td (a ) Tj ET Q q 0 0 0 rg BT 256.03 235.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 303.76 235.60 Td (by ) Tj ET Q q 0 0 0 rg BT 315.01 235.60 Td (of) Tj ET Q q 0 0 0 rg BT 322.34 235.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 351.59 235.60 Td (against ) Tj ET Q q 0 0 0 rg BT 379.33 235.60 Td (them ) Tj ET Q q 0 0 0 rg BT 399.58 235.60 Td (any ) Tj ET Q q 0 0 0 rg BT 414.82 235.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 447.57 235.60 Td (that ) Tj ET Q q 0 0 0 rg BT 463.32 235.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.56 235.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 524.29 235.60 Td (may ) Tj ET Q q 0 0 0 rg BT 542.03 235.60 Td (owe ) Tj ET Q q 0 0 0 rg BT 559.28 235.60 Td (us.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.82 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 59.14 208.00 Td (opinion ) Tj ET Q q 0 0 0 rg BT 88.97 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 98.79 208.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 149.34 208.00 Td (our ) Tj ET Q q 0 0 0 rg BT 163.67 208.00 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 216.97 208.00 Td (are ) Tj ET Q q 0 0 0 rg BT 230.28 208.00 Td (creditworthy ) Tj ET Q q 0 0 0 rg BT 278.59 208.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 312.39 208.00 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 356.98 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 372.30 208.00 Td (we ) Tj ET Q q 0 0 0 rg BT 385.11 208.00 Td (do ) Tj ET Q q 0 0 0 rg BT 396.44 208.00 Td (not ) Tj ET Q q 0 0 0 rg BT 410.26 208.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 436.07 208.00 Td (any ) Tj ET Q q 0 0 0 rg BT 451.39 208.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 491.71 208.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 508.04 208.00 Td (to ) Tj ET Q q 0 0 0 rg BT 517.36 208.00 Td (result ) Tj ET Q q 0 0 0 rg BT 539.68 208.00 Td (from ) Tj ET Q q 0 0 0 rg BT 559.50 208.00 Td (their ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.20 Td (non-performance. ) Tj ET Q q 0 0 0 rg BT 102.29 197.20 Td (The ) Tj ET Q q 0 0 0 rg BT 118.51 197.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 141.23 197.20 Td (exposure ) Tj ET Q q 0 0 0 rg BT 175.95 197.20 Td (of ) Tj ET Q q 0 0 0 rg BT 185.68 197.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.40 197.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 230.12 197.20 Td (swap ) Tj ET Q q 0 0 0 rg BT 250.85 197.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 296.31 197.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 330.02 197.20 Td (option ) Tj ET Q q 0 0 0 rg BT 355.25 197.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 389.96 197.20 Td (and ) Tj ET Q q 0 0 0 rg BT 405.19 197.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 433.41 197.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 467.12 197.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 501.84 197.20 Td (is ) Tj ET Q q 0 0 0 rg BT 510.07 197.20 Td (represented ) Tj ET Q q 0 0 0 rg BT 553.78 197.20 Td (by ) Tj ET Q q 0 0 0 rg BT 565.01 197.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 186.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 50.74 186.40 Td (value ) Tj ET Q q 0 0 0 rg BT 72.48 186.40 Td (of ) Tj ET Q q 0 0 0 rg BT 82.23 186.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 116.96 186.40 Td (with ) Tj ET Q q 0 0 0 rg BT 135.21 186.40 Td (a ) Tj ET Q q 0 0 0 rg BT 141.46 186.40 Td (positive ) Tj ET Q q 0 0 0 rg BT 172.20 186.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 186.94 186.40 Td (value ) Tj ET Q q 0 0 0 rg BT 208.68 186.40 Td (at ) Tj ET Q q 0 0 0 rg BT 217.43 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 230.67 186.40 Td (end ) Tj ET Q q 0 0 0 rg BT 245.92 186.40 Td (of ) Tj ET Q q 0 0 0 rg BT 255.67 186.40 Td (each ) Tj ET Q q 0 0 0 rg BT 274.40 186.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 301.89 186.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 332.62 186.40 Td (by ) Tj ET Q q 0 0 0 rg BT 343.87 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 357.12 186.40 Td (ef) Tj ET Q q 0 0 0 rg BT 363.95 186.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 383.19 186.40 Td (of ) Tj ET Q q 0 0 0 rg BT 392.93 186.40 Td (master ) Tj ET Q q 0 0 0 rg BT 419.17 186.40 Td (netting ) Tj ET Q q 0 0 0 rg BT 446.42 186.40 Td (agreements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 157.60 Td (ITEM 12. ) Tj ET Q q 0 0 0 rg BT 108.00 157.60 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 193.47 157.60 Td ( SECURITIES OTHER ) Tj ET Q q 0 0 0 rg BT 297.49 157.60 Td (THAN EQUITY) Tj ET Q q 0 0 0 rg BT 367.97 157.60 Td ( SECURITIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 130.00 Td (A. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 130.00 Td (DEBT) Tj ET Q q 0 0 0 rg BT 96.35 130.00 Td ( ) Tj ET Q q 0 0 0 rg BT 98.60 130.00 Td (SECURITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 116.20 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 102.40 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 102.40 Td (applicable.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 74.80 Td (B. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 74.80 Td (W) Tj ET Q q 0 0 0 rg BT 80.00 74.80 Td (ARRANTS ) Tj ET Q q 0 0 0 rg BT 125.26 74.80 Td (AND ) Tj ET Q q 0 0 0 rg BT 147.01 74.80 Td (RIGHTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 47.20 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 47.20 Td (applicable.) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (65) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (C. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 736.00 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 106.76 736.00 Td (SECURITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 708.40 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 708.40 Td (applicable.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 680.80 Td (D. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 680.80 Td (AMERICAN ) Tj ET Q q 0 0 0 rg BT 124.75 680.80 Td (DEPOSIT) Tj ET Q q 0 0 0 rg BT 164.10 680.80 Td (OR) Tj ET Q q 0 0 0 rg BT 177.28 680.80 Td (Y) Tj ET Q q 0 0 0 rg BT 183.45 680.80 Td ( ) Tj ET Q q 0 0 0 rg BT 185.70 680.80 Td (SHARES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 667.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 653.20 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 653.20 Td (applicable.) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (66) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 284.25 747.90 Td (P) Tj ET Q q 0 0 0 rg BT 290.69 747.90 Td (AR) Tj ET Q q 0 0 0 rg BT 307.60 747.90 Td (T) Tj ET Q q 0 0 0 rg BT 315.39 747.90 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 732.90 Td (ITEM 13. ) Tj ET Q q 0 0 0 rg BT 108.00 732.90 Td (DEF) Tj ET Q q 0 0 0 rg BT 127.26 732.90 Td (AUL) Tj ET Q q 0 0 0 rg BT 147.45 732.90 Td (TS, DIVIDEND ) Tj ET Q q 0 0 0 rg BT 217.19 732.90 Td (ARREARAGES ) Tj ET Q q 0 0 0 rg BT 289.15 732.90 Td (AND DELINQUENCIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 719.10 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 690.30 Td (ITEM 14. ) Tj ET Q q 0 0 0 rg BT 108.00 690.30 Td (MA) Tj ET Q q 0 0 0 rg BT 123.92 690.30 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 161.71 690.30 Td ( MODIFICA) Tj ET Q q 0 0 0 rg BT 216.24 690.30 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 249.68 690.30 Td (T) Tj ET Q q 0 0 0 rg BT 256.17 690.30 Td (O ) Tj ET Q q 0 0 0 rg BT 266.27 690.30 Td (THE RIGHTS OF) Tj ET Q q 0 0 0 rg BT 344.81 690.30 Td ( SECURITY) Tj ET Q q 0 0 0 rg BT 398.62 690.30 Td ( HOLDERS ) Tj ET Q q 0 0 0 rg BT 451.96 690.30 Td (AND USE OF) Tj ET Q q 0 0 0 rg BT 511.60 690.30 Td ( PROCEEDS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.50 Td (None. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 647.70 Td (ITEM 15. ) Tj ET Q q 0 0 0 rg BT 108.00 647.70 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 166.07 647.70 Td (AND PROCEDURES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 633.90 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 46.49 633.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 633.90 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 107.84 633.90 Td (e ) Tj ET Q q 0 0 0 rg BT 114.08 633.90 Td (of ) Tj ET Q q 0 0 0 rg BT 123.83 633.90 Td (contr) Tj ET Q q 0 0 0 rg BT 144.16 633.90 Td (ols ) Tj ET Q q 0 0 0 rg BT 156.91 633.90 Td (and ) Tj ET Q q 0 0 0 rg BT 173.67 633.90 Td (pr) Tj ET Q q 0 0 0 rg BT 182.51 633.90 Td (ocedur) Tj ET Q q 0 0 0 rg BT 208.84 633.90 Td (es.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 620.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 85.44 620.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 118.40 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.85 620.10 Td (ef) Tj ET Q q 0 0 0 rg BT 138.68 620.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 181.12 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.08 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.53 620.10 Td (design ) Tj ET Q q 0 0 0 rg BT 230.49 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.95 620.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 282.39 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.35 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.80 620.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 348.39 620.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 387.34 620.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 418.79 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.25 620.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 476.19 620.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 509.64 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.10 620.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 538.56 620.10 Td (13a-15 ) Tj ET Q q 0 0 0 rg BT 566.01 620.10 Td (\(e\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 609.30 Td (of ) Tj ET Q q 0 0 0 rg BT 45.99 609.30 Td (the ) Tj ET Q q 0 0 0 rg BT 59.47 609.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 96.90 609.30 Td (Act ) Tj ET Q q 0 0 0 rg BT 112.38 609.30 Td (as ) Tj ET Q q 0 0 0 rg BT 122.37 609.30 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.36 609.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 185.32 609.30 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.32 609.30 Td (. ) Tj ET Q q 0 0 0 rg BT 208.06 609.30 Td (Based ) Tj ET Q q 0 0 0 rg BT 232.55 609.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 253.04 609.30 Td (that ) Tj ET Q q 0 0 0 rg BT 269.03 609.30 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 309.00 609.30 Td (the ) Tj ET Q q 0 0 0 rg BT 322.49 609.30 Td (Principal ) Tj ET Q q 0 0 0 rg BT 357.47 609.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 395.95 609.30 Td (Of) Tj ET Q q 0 0 0 rg BT 405.28 609.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 424.25 609.30 Td (and ) Tj ET Q q 0 0 0 rg BT 439.74 609.30 Td (Principal ) Tj ET Q q 0 0 0 rg BT 474.72 609.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 510.70 609.30 Td (Of) Tj ET Q q 0 0 0 rg BT 520.04 609.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 539.01 609.30 Td (concluded ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 598.50 Td (that ) Tj ET Q q 0 0 0 rg BT 51.75 598.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.99 598.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 107.36 598.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 146.10 598.50 Td (controls ) Tj ET Q q 0 0 0 rg BT 177.35 598.50 Td (and ) Tj ET Q q 0 0 0 rg BT 192.59 598.50 Td (procedures ) Tj ET Q q 0 0 0 rg BT 234.33 598.50 Td (are ) Tj ET Q q 0 0 0 rg BT 247.56 598.50 Td (ef) Tj ET Q q 0 0 0 rg BT 254.39 598.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 281.12 598.50 Td (as ) Tj ET Q q 0 0 0 rg BT 290.87 598.50 Td (of ) Tj ET Q q 0 0 0 rg BT 300.62 598.50 Td (the ) Tj ET Q q 0 0 0 rg BT 313.86 598.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 353.60 598.50 Td (date.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 570.90 Td (\(b\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 570.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 570.90 Td (Management's ) Tj ET Q q 0 0 0 rg BT 130.74 570.90 Td (r) Tj ET Q q 0 0 0 rg BT 134.57 570.90 Td (eport ) Tj ET Q q 0 0 0 rg BT 157.32 570.90 Td (on ) Tj ET Q q 0 0 0 rg BT 169.07 570.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 201.82 570.90 Td (contr) Tj ET Q q 0 0 0 rg BT 222.15 570.90 Td (ol ) Tj ET Q q 0 0 0 rg BT 231.40 570.90 Td (over) Tj ET Q q 0 0 0 rg BT 248.23 570.90 Td ( ) Tj ET Q q 0 0 0 rg BT 250.48 570.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.23 570.90 Td (r) Tj ET Q q 0 0 0 rg BT 290.06 570.90 Td (eporting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 51.63 557.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 93.38 557.10 Td (management ) Tj ET Q q 0 0 0 rg BT 141.00 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.63 557.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 191.26 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.39 557.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 248.02 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.64 557.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 307.27 557.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 340.88 557.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 370.00 557.10 Td (control ) Tj ET Q q 0 0 0 rg BT 397.13 557.10 Td (over ) Tj ET Q q 0 0 0 rg BT 414.76 557.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.87 557.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 482.50 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 491.63 557.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 520.25 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.88 557.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 551.02 557.10 Td (13a-15 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 546.30 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 47.85 546.30 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 96.20 546.30 Td (under ) Tj ET Q q 0 0 0 rg BT 119.55 546.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.41 546.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 171.12 546.30 Td (Act. ) Tj ET Q q 0 0 0 rg BT 189.23 546.30 Td ( ) Tj ET Q q 0 0 0 rg BT 192.09 546.30 Td (Internal ) Tj ET Q q 0 0 0 rg BT 222.93 546.30 Td (control ) Tj ET Q q 0 0 0 rg BT 251.29 546.30 Td (over ) Tj ET Q q 0 0 0 rg BT 270.14 546.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.48 546.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 340.33 546.30 Td (is ) Tj ET Q q 0 0 0 rg BT 349.20 546.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 379.04 546.30 Td (in ) Tj ET Q q 0 0 0 rg BT 388.90 546.30 Td (Rule ) Tj ET Q q 0 0 0 rg BT 408.76 546.30 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 445.61 546.30 Td (or ) Tj ET Q q 0 0 0 rg BT 455.96 546.30 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 493.31 546.30 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 541.66 546.30 Td (under ) Tj ET Q q 0 0 0 rg BT 565.02 546.30 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 535.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 73.20 535.50 Td (Act ) Tj ET Q q 0 0 0 rg BT 88.40 535.50 Td (as ) Tj ET Q q 0 0 0 rg BT 98.10 535.50 Td (a ) Tj ET Q q 0 0 0 rg BT 104.29 535.50 Td (process ) Tj ET Q q 0 0 0 rg BT 133.49 535.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 167.68 535.50 Td (by) Tj ET Q q 0 0 0 rg BT 176.10 535.50 Td (, ) Tj ET Q q 0 0 0 rg BT 180.55 535.50 Td (or ) Tj ET Q q 0 0 0 rg BT 190.25 535.50 Td (under ) Tj ET Q q 0 0 0 rg BT 212.94 535.50 Td (the ) Tj ET Q q 0 0 0 rg BT 226.14 535.50 Td (supervision ) Tj ET Q q 0 0 0 rg BT 269.84 535.50 Td (of, ) Tj ET Q q 0 0 0 rg BT 281.79 535.50 Td (the ) Tj ET Q q 0 0 0 rg BT 294.99 535.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 337.31 535.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 371.50 535.50 Td (executive ) Tj ET Q q 0 0 0 rg BT 408.19 535.50 Td (and ) Tj ET Q q 0 0 0 rg BT 423.38 535.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 457.57 535.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.26 535.50 Td (of) Tj ET Q q 0 0 0 rg BT 498.59 535.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 520.78 535.50 Td (and ) Tj ET Q q 0 0 0 rg BT 535.98 535.50 Td (ef) Tj ET Q q 0 0 0 rg BT 542.81 535.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 566.99 535.50 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 524.70 Td (the ) Tj ET Q q 0 0 0 rg BT 48.87 524.70 Td (Company's ) Tj ET Q q 0 0 0 rg BT 90.86 524.70 Td (Board ) Tj ET Q q 0 0 0 rg BT 114.73 524.70 Td (of ) Tj ET Q q 0 0 0 rg BT 124.10 524.70 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 161.71 524.70 Td (management ) Tj ET Q q 0 0 0 rg BT 209.56 524.70 Td (and ) Tj ET Q q 0 0 0 rg BT 224.42 524.70 Td (other ) Tj ET Q q 0 0 0 rg BT 244.79 524.70 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 283.90 524.70 Td (to ) Tj ET Q q 0 0 0 rg BT 292.77 524.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 322.14 524.70 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 362.49 524.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 399.34 524.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 435.70 524.70 Td (the ) Tj ET Q q 0 0 0 rg BT 448.56 524.70 Td (reliability ) Tj ET Q q 0 0 0 rg BT 485.42 524.70 Td (of ) Tj ET Q q 0 0 0 rg BT 494.79 524.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.15 524.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 563.01 524.70 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 513.90 Td (the ) Tj ET Q q 0 0 0 rg BT 49.56 513.90 Td (preparation ) Tj ET Q q 0 0 0 rg BT 93.11 513.90 Td (of ) Tj ET Q q 0 0 0 rg BT 103.17 513.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.22 513.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 177.78 513.90 Td (for ) Tj ET Q q 0 0 0 rg BT 190.84 513.90 Td (external ) Tj ET Q q 0 0 0 rg BT 222.39 513.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 256.96 513.90 Td (in ) Tj ET Q q 0 0 0 rg BT 266.52 513.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 309.56 513.90 Td (with ) Tj ET Q q 0 0 0 rg BT 328.12 513.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 364.17 513.90 Td (accepted ) Tj ET Q q 0 0 0 rg BT 398.21 513.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 440.27 513.90 Td (principles ) Tj ET Q q 0 0 0 rg BT 478.32 513.90 Td (and ) Tj ET Q q 0 0 0 rg BT 493.89 513.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 526.45 513.90 Td (those ) Tj ET Q q 0 0 0 rg BT 548.01 513.90 Td (policies ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 503.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 92.98 503.10 Td (that:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 489.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 489.30 Td (Pertain ) Tj ET Q q 0 0 0 rg BT 99.79 489.30 Td (to ) Tj ET Q q 0 0 0 rg BT 109.08 489.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.37 489.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 170.14 489.30 Td (of ) Tj ET Q q 0 0 0 rg BT 179.93 489.30 Td (records ) Tj ET Q q 0 0 0 rg BT 208.72 489.30 Td (that, ) Tj ET Q q 0 0 0 rg BT 226.76 489.30 Td (in ) Tj ET Q q 0 0 0 rg BT 236.05 489.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 276.82 489.30 Td (detail, ) Tj ET Q q 0 0 0 rg BT 301.36 489.30 Td (accurately ) Tj ET Q q 0 0 0 rg BT 340.63 489.30 Td (and ) Tj ET Q q 0 0 0 rg BT 355.92 489.30 Td (fairly ) Tj ET Q q 0 0 0 rg BT 377.70 489.30 Td (reflect ) Tj ET Q q 0 0 0 rg BT 402.97 489.30 Td (the ) Tj ET Q q 0 0 0 rg BT 416.26 489.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 461.55 489.30 Td (and ) Tj ET Q q 0 0 0 rg BT 476.84 489.30 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 522.14 489.30 Td (of ) Tj ET Q q 0 0 0 rg BT 531.93 489.30 Td (the ) Tj ET Q q 0 0 0 rg BT 545.22 489.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 568.51 489.30 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 478.50 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 478.50 Td (Company;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 464.70 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 464.70 Td (Provide ) Tj ET Q q 0 0 0 rg BT 102.89 464.70 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 144.27 464.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 182.14 464.70 Td (that ) Tj ET Q q 0 0 0 rg BT 198.53 464.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 244.41 464.70 Td (are ) Tj ET Q q 0 0 0 rg BT 258.30 464.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 292.67 464.70 Td (as ) Tj ET Q q 0 0 0 rg BT 303.06 464.70 Td (necessary ) Tj ET Q q 0 0 0 rg BT 340.94 464.70 Td (to ) Tj ET Q q 0 0 0 rg BT 350.83 464.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 377.22 464.70 Td (preparation ) Tj ET Q q 0 0 0 rg BT 421.09 464.70 Td (of ) Tj ET Q q 0 0 0 rg BT 431.49 464.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.86 464.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 506.75 464.70 Td (in ) Tj ET Q q 0 0 0 rg BT 516.65 464.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 560.00 464.70 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 453.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.44 453.90 Td (accepted ) Tj ET Q q 0 0 0 rg BT 144.87 453.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 188.32 453.90 Td (principles, ) Tj ET Q q 0 0 0 rg BT 230.02 453.90 Td (and ) Tj ET Q q 0 0 0 rg BT 246.97 453.90 Td (that ) Tj ET Q q 0 0 0 rg BT 264.43 453.90 Td (the ) Tj ET Q q 0 0 0 rg BT 279.38 453.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 323.46 453.90 Td (receipts ) Tj ET Q q 0 0 0 rg BT 355.41 453.90 Td (and ) Tj ET Q q 0 0 0 rg BT 372.36 453.90 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 422.31 453.90 Td (are ) Tj ET Q q 0 0 0 rg BT 437.25 453.90 Td (being ) Tj ET Q q 0 0 0 rg BT 461.21 453.90 Td (made ) Tj ET Q q 0 0 0 rg BT 484.66 453.90 Td (only ) Tj ET Q q 0 0 0 rg BT 504.62 453.90 Td (in ) Tj ET Q q 0 0 0 rg BT 515.58 453.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 560.00 453.90 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 443.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 125.24 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.98 443.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 177.35 443.10 Td (management ) Tj ET Q q 0 0 0 rg BT 225.58 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.83 443.10 Td (directors; ) Tj ET Q q 0 0 0 rg BT 277.07 443.10 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 429.30 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 429.30 Td (Provide ) Tj ET Q q 0 0 0 rg BT 101.84 429.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 142.15 429.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 178.97 429.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 215.30 429.30 Td (prevention ) Tj ET Q q 0 0 0 rg BT 255.62 429.30 Td (or ) Tj ET Q q 0 0 0 rg BT 264.96 429.30 Td (timely ) Tj ET Q q 0 0 0 rg BT 289.80 429.30 Td (detection ) Tj ET Q q 0 0 0 rg BT 324.62 429.30 Td (of ) Tj ET Q q 0 0 0 rg BT 333.96 429.30 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 382.78 429.30 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 426.36 429.30 Td (use ) Tj ET Q q 0 0 0 rg BT 440.20 429.30 Td (or ) Tj ET Q q 0 0 0 rg BT 449.54 429.30 Td (disposition ) Tj ET Q q 0 0 0 rg BT 490.88 429.30 Td (of ) Tj ET Q q 0 0 0 rg BT 500.22 429.30 Td (the ) Tj ET Q q 0 0 0 rg BT 513.05 429.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 555.01 429.30 Td (assets ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 418.50 Td (that ) Tj ET Q q 0 0 0 rg BT 87.75 418.50 Td (could ) Tj ET Q q 0 0 0 rg BT 109.99 418.50 Td (have ) Tj ET Q q 0 0 0 rg BT 129.23 418.50 Td (a ) Tj ET Q q 0 0 0 rg BT 135.47 418.50 Td (material ) Tj ET Q q 0 0 0 rg BT 167.21 418.50 Td (ef) Tj ET Q q 0 0 0 rg BT 174.04 418.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 189.77 418.50 Td (on ) Tj ET Q q 0 0 0 rg BT 201.02 418.50 Td (the ) Tj ET Q q 0 0 0 rg BT 214.27 418.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.00 418.50 Td (statements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 390.90 Td (Because ) Tj ET Q q 0 0 0 rg BT 67.85 390.90 Td (of ) Tj ET Q q 0 0 0 rg BT 77.21 390.90 Td (its ) Tj ET Q q 0 0 0 rg BT 87.58 390.90 Td (inherent ) Tj ET Q q 0 0 0 rg BT 118.94 390.90 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 161.56 390.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 190.91 390.90 Td (control ) Tj ET Q q 0 0 0 rg BT 218.27 390.90 Td (over ) Tj ET Q q 0 0 0 rg BT 236.13 390.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.48 390.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 304.33 390.90 Td (may ) Tj ET Q q 0 0 0 rg BT 321.70 390.90 Td (not ) Tj ET Q q 0 0 0 rg BT 335.06 390.90 Td (prevent ) Tj ET Q q 0 0 0 rg BT 363.92 390.90 Td (or ) Tj ET Q q 0 0 0 rg BT 373.28 390.90 Td (detect ) Tj ET Q q 0 0 0 rg BT 396.63 390.90 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 451.33 390.90 Td (Also, ) Tj ET Q q 0 0 0 rg BT 472.45 390.90 Td (projections ) Tj ET Q q 0 0 0 rg BT 514.31 390.90 Td (of ) Tj ET Q q 0 0 0 rg BT 523.67 390.90 Td (any ) Tj ET Q q 0 0 0 rg BT 538.53 390.90 Td (evaluation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.11 380.10 Td (ef) Tj ET Q q 0 0 0 rg BT 52.94 380.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 95.53 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.14 380.10 Td (future ) Tj ET Q q 0 0 0 rg BT 129.23 380.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 158.34 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.93 380.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 200.04 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.65 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.25 380.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 239.36 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 255.47 380.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 287.07 380.10 Td (may ) Tj ET Q q 0 0 0 rg BT 305.17 380.10 Td (become ) Tj ET Q q 0 0 0 rg BT 335.77 380.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 377.36 380.10 Td (because ) Tj ET Q q 0 0 0 rg BT 408.45 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.55 380.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 450.15 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.76 380.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 502.12 380.10 Td (or ) Tj ET Q q 0 0 0 rg BT 512.22 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.33 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.93 380.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 568.52 380.10 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 369.30 Td (compliance ) Tj ET Q q 0 0 0 rg BT 79.73 369.30 Td (with ) Tj ET Q q 0 0 0 rg BT 97.98 369.30 Td (the ) Tj ET Q q 0 0 0 rg BT 111.23 369.30 Td (policies ) Tj ET Q q 0 0 0 rg BT 141.47 369.30 Td (or ) Tj ET Q q 0 0 0 rg BT 151.22 369.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 192.95 369.30 Td (may ) Tj ET Q q 0 0 0 rg BT 210.69 369.30 Td (deteriorate.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 85.27 341.70 Td (conducted ) Tj ET Q q 0 0 0 rg BT 124.53 341.70 Td (the ) Tj ET Q q 0 0 0 rg BT 137.81 341.70 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 177.58 341.70 Td (of ) Tj ET Q q 0 0 0 rg BT 187.36 341.70 Td (the ) Tj ET Q q 0 0 0 rg BT 200.64 341.70 Td (ef) Tj ET Q q 0 0 0 rg BT 207.47 341.70 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 249.73 341.70 Td (of ) Tj ET Q q 0 0 0 rg BT 259.51 341.70 Td (the ) Tj ET Q q 0 0 0 rg BT 272.79 341.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 302.56 341.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 333.84 341.70 Td (over ) Tj ET Q q 0 0 0 rg BT 352.11 341.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.88 341.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 421.15 341.70 Td (using ) Tj ET Q q 0 0 0 rg BT 442.94 341.70 Td (the ) Tj ET Q q 0 0 0 rg BT 456.22 341.70 Td (control ) Tj ET Q q 0 0 0 rg BT 483.99 341.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 511.76 341.70 Td (framework ) Tj ET Q q 0 0 0 rg BT 553.52 341.70 Td (issued ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 330.90 Td (by ) Tj ET Q q 0 0 0 rg BT 47.72 330.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.44 330.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 104.16 330.90 Td (of ) Tj ET Q q 0 0 0 rg BT 114.39 330.90 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 158.12 330.90 Td (Or) Tj ET Q q 0 0 0 rg BT 167.45 330.90 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 211.16 330.90 Td (of ) Tj ET Q q 0 0 0 rg BT 221.38 330.90 Td (the ) Tj ET Q q 0 0 0 rg BT 234.91 330.90 Td (T) Tj ET Q q 0 0 0 rg BT 240.09 330.90 Td (readway ) Tj ET Q q 0 0 0 rg BT 273.29 330.90 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 323.78 330.90 Td (or ) Tj ET Q q 0 0 0 rg BT 334.00 330.90 Td (COSO, ) Tj ET Q q 0 0 0 rg BT 362.98 330.90 Td (published ) Tj ET Q q 0 0 0 rg BT 400.70 330.90 Td (in ) Tj ET Q q 0 0 0 rg BT 410.43 330.90 Td (its ) Tj ET Q q 0 0 0 rg BT 421.66 330.90 Td (report ) Tj ET Q q 0 0 0 rg BT 445.87 330.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 475.59 330.90 Td (Internal ) Tj ET Q q 0 0 0 rg BT 506.29 330.90 Td (Control- ) Tj ET Q q 0 0 0 rg BT 539.52 330.90 Td (Integrated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 79.74 320.10 Td (\(2013\). ) Tj ET Q q 0 0 0 rg BT 108.23 320.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.50 Td (The ) Tj ET Q q 0 0 0 rg BT 51.18 292.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 92.50 292.50 Td (management ) Tj ET Q q 0 0 0 rg BT 139.67 292.50 Td (with ) Tj ET Q q 0 0 0 rg BT 156.86 292.50 Td (the ) Tj ET Q q 0 0 0 rg BT 169.04 292.50 Td (participation ) Tj ET Q q 0 0 0 rg BT 215.72 292.50 Td (of ) Tj ET Q q 0 0 0 rg BT 224.41 292.50 Td (the ) Tj ET Q q 0 0 0 rg BT 236.59 292.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 277.91 292.50 Td (Principal ) Tj ET Q q 0 0 0 rg BT 311.59 292.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 348.76 292.50 Td (Of) Tj ET Q q 0 0 0 rg BT 358.10 292.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 375.77 292.50 Td (and ) Tj ET Q q 0 0 0 rg BT 389.96 292.50 Td (Principal ) Tj ET Q q 0 0 0 rg BT 423.64 292.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 458.32 292.50 Td (Of) Tj ET Q q 0 0 0 rg BT 467.66 292.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 485.33 292.50 Td (assessed ) Tj ET Q q 0 0 0 rg BT 517.02 292.50 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 292.50 Td (ef) Tj ET Q q 0 0 0 rg BT 536.03 292.50 Td (fectiveness ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.70 Td (of ) Tj ET Q q 0 0 0 rg BT 45.39 281.70 Td (the ) Tj ET Q q 0 0 0 rg BT 58.27 281.70 Td (design ) Tj ET Q q 0 0 0 rg BT 83.66 281.70 Td (and ) Tj ET Q q 0 0 0 rg BT 98.54 281.70 Td (operation ) Tj ET Q q 0 0 0 rg BT 134.42 281.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.81 281.70 Td (the ) Tj ET Q q 0 0 0 rg BT 156.69 281.70 Td (Company's ) Tj ET Q q 0 0 0 rg BT 198.70 281.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 228.08 281.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 258.97 281.70 Td (over ) Tj ET Q q 0 0 0 rg BT 276.85 281.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.22 281.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 345.10 281.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 377.98 281.70 Td (to ) Tj ET Q q 0 0 0 rg BT 386.87 281.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 405.76 281.70 Td (13a-15 ) Tj ET Q q 0 0 0 rg BT 432.64 281.70 Td (of ) Tj ET Q q 0 0 0 rg BT 442.03 281.70 Td (the ) Tj ET Q q 0 0 0 rg BT 454.91 281.70 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 491.87 281.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 506.75 281.70 Td (as ) Tj ET Q q 0 0 0 rg BT 516.14 281.70 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.52 281.70 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 270.90 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 270.90 Td (. ) Tj ET Q q 0 0 0 rg BT 57.96 270.90 Td (Based ) Tj ET Q q 0 0 0 rg BT 81.66 270.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 101.37 270.90 Td (that ) Tj ET Q q 0 0 0 rg BT 116.57 270.90 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 158.01 270.90 Td (management, ) Tj ET Q q 0 0 0 rg BT 207.95 270.90 Td (including ) Tj ET Q q 0 0 0 rg BT 243.65 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 256.36 270.90 Td (Principal ) Tj ET Q q 0 0 0 rg BT 290.56 270.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 328.25 270.90 Td (Of) Tj ET Q q 0 0 0 rg BT 337.58 270.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 355.77 270.90 Td (and ) Tj ET Q q 0 0 0 rg BT 370.48 270.90 Td (Principal ) Tj ET Q q 0 0 0 rg BT 404.68 270.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 439.87 270.90 Td (Of) Tj ET Q q 0 0 0 rg BT 449.21 270.90 Td (ficer) Tj ET Q q 0 0 0 rg BT 465.33 270.90 Td (, ) Tj ET Q q 0 0 0 rg BT 469.29 270.90 Td (concluded ) Tj ET Q q 0 0 0 rg BT 507.98 270.90 Td (that ) Tj ET Q q 0 0 0 rg BT 523.18 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 270.90 Td (Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 65.74 260.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 96.98 260.10 Td (over ) Tj ET Q q 0 0 0 rg BT 115.22 260.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.96 260.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 184.20 260.10 Td (are ) Tj ET Q q 0 0 0 rg BT 197.43 260.10 Td (ef) Tj ET Q q 0 0 0 rg BT 204.26 260.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 230.99 260.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.74 260.10 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.49 260.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 303.21 260.10 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.21 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 325.71 260.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 232.50 Td (The ) Tj ET Q q 0 0 0 rg BT 52.75 232.50 Td (ef) Tj ET Q q 0 0 0 rg BT 59.58 232.50 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 102.33 232.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.59 232.50 Td (the ) Tj ET Q q 0 0 0 rg BT 126.34 232.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 169.23 232.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 199.48 232.50 Td (control ) Tj ET Q q 0 0 0 rg BT 227.73 232.50 Td (over ) Tj ET Q q 0 0 0 rg BT 246.49 232.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.73 232.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 316.48 232.50 Td (as ) Tj ET Q q 0 0 0 rg BT 326.74 232.50 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 232.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 390.24 232.50 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.24 232.50 Td ( ) Tj ET Q q 0 0 0 rg BT 411.00 232.50 Td (has ) Tj ET Q q 0 0 0 rg BT 425.76 232.50 Td (been ) Tj ET Q q 0 0 0 rg BT 445.51 232.50 Td (audited ) Tj ET Q q 0 0 0 rg BT 474.77 232.50 Td (by ) Tj ET Q q 0 0 0 rg BT 486.53 232.50 Td (PricewaterhouseCoopers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.70 Td (LLP) Tj ET Q q 0 0 0 rg BT 51.00 221.70 Td (, ) Tj ET Q q 0 0 0 rg BT 55.50 221.70 Td (an ) Tj ET Q q 0 0 0 rg BT 66.25 221.70 Td (independent ) Tj ET Q q 0 0 0 rg BT 112.48 221.70 Td (registered ) Tj ET Q q 0 0 0 rg BT 150.21 221.70 Td (public ) Tj ET Q q 0 0 0 rg BT 174.96 221.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 216.69 221.70 Td (firm, ) Tj ET Q q 0 0 0 rg BT 236.69 221.70 Td (as ) Tj ET Q q 0 0 0 rg BT 246.44 221.70 Td (stated ) Tj ET Q q 0 0 0 rg BT 269.68 221.70 Td (in ) Tj ET Q q 0 0 0 rg BT 278.93 221.70 Td (their ) Tj ET Q q 0 0 0 rg BT 297.67 221.70 Td (report ) Tj ET Q q 0 0 0 rg BT 321.41 221.70 Td (which ) Tj ET Q q 0 0 0 rg BT 345.66 221.70 Td (appears ) Tj ET Q q 0 0 0 rg BT 375.39 221.70 Td (herein.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 194.10 Td (\(c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.99 194.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 194.10 Td (Attestation ) Tj ET Q q 0 0 0 rg BT 116.74 194.10 Td (r) Tj ET Q q 0 0 0 rg BT 120.57 194.10 Td (eport ) Tj ET Q q 0 0 0 rg BT 143.31 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.06 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.31 194.10 Td (r) Tj ET Q q 0 0 0 rg BT 171.14 194.10 Td (egister) Tj ET Q q 0 0 0 rg BT 196.46 194.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 207.71 194.10 Td (public ) Tj ET Q q 0 0 0 rg BT 233.97 194.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 278.23 194.10 Td (firm.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 180.30 Td (The ) Tj ET Q q 0 0 0 rg BT 52.85 180.30 Td (independent ) Tj ET Q q 0 0 0 rg BT 99.68 180.30 Td (registered ) Tj ET Q q 0 0 0 rg BT 138.02 180.30 Td (public ) Tj ET Q q 0 0 0 rg BT 163.37 180.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 205.70 180.30 Td (firm ) Tj ET Q q 0 0 0 rg BT 224.05 180.30 Td (that ) Tj ET Q q 0 0 0 rg BT 240.40 180.30 Td (audited ) Tj ET Q q 0 0 0 rg BT 269.74 180.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.59 180.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 333.94 180.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 370.29 180.30 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 414.88 180.30 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 507.21 180.30 Td (LLP) Tj ET Q q 0 0 0 rg BT 522.21 180.30 Td (, ) Tj ET Q q 0 0 0 rg BT 527.31 180.30 Td (has ) Tj ET Q q 0 0 0 rg BT 542.16 180.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 567.52 180.30 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 169.50 Td (attestation ) Tj ET Q q 0 0 0 rg BT 74.90 169.50 Td (report ) Tj ET Q q 0 0 0 rg BT 98.31 169.50 Td (on ) Tj ET Q q 0 0 0 rg BT 109.23 169.50 Td (the ) Tj ET Q q 0 0 0 rg BT 122.14 169.50 Td (ef) Tj ET Q q 0 0 0 rg BT 128.97 169.50 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 170.86 169.50 Td (of ) Tj ET Q q 0 0 0 rg BT 180.28 169.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.19 169.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 235.23 169.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 264.63 169.50 Td (control ) Tj ET Q q 0 0 0 rg BT 292.04 169.50 Td (over ) Tj ET Q q 0 0 0 rg BT 309.95 169.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 343.34 169.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 378.25 169.50 Td (as ) Tj ET Q q 0 0 0 rg BT 387.66 169.50 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.08 169.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 449.47 169.50 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.47 169.50 Td (, ) Tj ET Q q 0 0 0 rg BT 471.63 169.50 Td (appearing ) Tj ET Q q 0 0 0 rg BT 509.03 169.50 Td (under ) Tj ET Q q 0 0 0 rg BT 531.44 169.50 Td (Item ) Tj ET Q q 0 0 0 rg BT 549.85 169.50 Td (18, ) Tj ET Q q 0 0 0 rg BT 563.01 169.50 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 158.70 Td (such ) Tj ET Q q 0 0 0 rg BT 54.75 158.70 Td (report ) Tj ET Q q 0 0 0 rg BT 78.49 158.70 Td (is ) Tj ET Q q 0 0 0 rg BT 86.74 158.70 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 134.47 158.70 Td (herein ) Tj ET Q q 0 0 0 rg BT 159.21 158.70 Td (by ) Tj ET Q q 0 0 0 rg BT 170.46 158.70 Td (reference.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 131.10 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 131.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 131.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 107.26 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.01 131.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 149.76 131.10 Td (contr) Tj ET Q q 0 0 0 rg BT 170.09 131.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 179.34 131.10 Td (over) Tj ET Q q 0 0 0 rg BT 196.17 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.42 131.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.17 131.10 Td (r) Tj ET Q q 0 0 0 rg BT 238.00 131.10 Td (eporting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 117.30 Td (There ) Tj ET Q q 0 0 0 rg BT 59.55 117.30 Td (were ) Tj ET Q q 0 0 0 rg BT 79.61 117.30 Td (no ) Tj ET Q q 0 0 0 rg BT 91.18 117.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 122.74 117.30 Td (in ) Tj ET Q q 0 0 0 rg BT 132.31 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.88 117.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 188.57 117.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 218.63 117.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 250.19 117.30 Td (over ) Tj ET Q q 0 0 0 rg BT 268.76 117.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.81 117.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 338.37 117.30 Td (that ) Tj ET Q q 0 0 0 rg BT 354.44 117.30 Td (occurred ) Tj ET Q q 0 0 0 rg BT 388.49 117.30 Td (during ) Tj ET Q q 0 0 0 rg BT 414.55 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 428.12 117.30 Td (period ) Tj ET Q q 0 0 0 rg BT 453.68 117.30 Td (covered ) Tj ET Q q 0 0 0 rg BT 484.73 117.30 Td (by ) Tj ET Q q 0 0 0 rg BT 496.31 117.30 Td (this ) Tj ET Q q 0 0 0 rg BT 511.88 117.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 538.44 117.30 Td (report ) Tj ET Q q 0 0 0 rg BT 562.50 117.30 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 106.50 Td (have ) Tj ET Q q 0 0 0 rg BT 55.24 106.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 93.97 106.50 Td (af) Tj ET Q q 0 0 0 rg BT 100.80 106.50 Td (fected, ) Tj ET Q q 0 0 0 rg BT 127.28 106.50 Td (or ) Tj ET Q q 0 0 0 rg BT 137.03 106.50 Td (are ) Tj ET Q q 0 0 0 rg BT 150.27 106.50 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 191.50 106.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 214.25 106.50 Td (to ) Tj ET Q q 0 0 0 rg BT 223.50 106.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 262.23 106.50 Td (af) Tj ET Q q 0 0 0 rg BT 269.06 106.50 Td (fect, ) Tj ET Q q 0 0 0 rg BT 287.05 106.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.29 106.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 342.66 106.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 372.40 106.50 Td (control ) Tj ET Q q 0 0 0 rg BT 400.14 106.50 Td (over ) Tj ET Q q 0 0 0 rg BT 418.39 106.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 452.12 106.50 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 77.70 Td (ITEM 16A. ) Tj ET Q q 0 0 0 rg BT 108.00 77.70 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 140.05 77.70 Td ( COMMITTEE FINANCIAL) Tj ET Q q 0 0 0 rg BT 265.61 77.70 Td ( EXPER) Tj ET Q q 0 0 0 rg BT 301.65 77.70 Td (T) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 63.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.34 63.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.68 63.90 Td (of ) Tj ET Q q 0 0 0 rg BT 86.52 63.90 Td (Directors ) Tj ET Q q 0 0 0 rg BT 122.35 63.90 Td (has ) Tj ET Q q 0 0 0 rg BT 136.69 63.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 179.51 63.90 Td (that ) Tj ET Q q 0 0 0 rg BT 195.35 63.90 Td (the ) Tj ET Q q 0 0 0 rg BT 208.69 63.90 Td (sole ) Tj ET Q q 0 0 0 rg BT 225.53 63.90 Td (member ) Tj ET Q q 0 0 0 rg BT 257.36 63.90 Td (of ) Tj ET Q q 0 0 0 rg BT 267.20 63.90 Td (the ) Tj ET Q q 0 0 0 rg BT 280.54 63.90 Td (audit ) Tj ET Q q 0 0 0 rg BT 300.88 63.90 Td (committee, ) Tj ET Q q 0 0 0 rg BT 343.46 63.90 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 362.55 63.90 Td (Kate ) Tj ET Q q 0 0 0 rg BT 381.89 63.90 Td (Blankenship, ) Tj ET Q q 0 0 0 rg BT 431.48 63.90 Td (is ) Tj ET Q q 0 0 0 rg BT 439.82 63.90 Td (an ) Tj ET Q q 0 0 0 rg BT 450.66 63.90 Td (independent ) Tj ET Q q 0 0 0 rg BT 496.99 63.90 Td (director ) Tj ET Q q 0 0 0 rg BT 527.32 63.90 Td (and ) Tj ET Q q 0 0 0 rg BT 542.65 63.90 Td (is ) Tj ET Q q 0 0 0 rg BT 551.00 63.90 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 56.25 53.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 96.48 53.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 130.21 53.10 Td (expert.) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 32.30 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 742.25 Td (ITEM 16B. ) Tj ET Q q 0 0 0 rg BT 108.00 742.25 Td (CODE OF) Tj ET Q q 0 0 0 rg BT 152.91 742.25 Td ( ETHICS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.45 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 728.45 Td (e ) Tj ET Q q 0 0 0 rg BT 50.05 728.45 Td (have ) Tj ET Q q 0 0 0 rg BT 69.33 728.45 Td (adopted ) Tj ET Q q 0 0 0 rg BT 100.10 728.45 Td (a ) Tj ET Q q 0 0 0 rg BT 106.38 728.45 Td (code ) Tj ET Q q 0 0 0 rg BT 125.65 728.45 Td (of ) Tj ET Q q 0 0 0 rg BT 135.43 728.45 Td (conduct ) Tj ET Q q 0 0 0 rg BT 166.21 728.45 Td (that ) Tj ET Q q 0 0 0 rg BT 181.99 728.45 Td (applies ) Tj ET Q q 0 0 0 rg BT 209.76 728.45 Td (to ) Tj ET Q q 0 0 0 rg BT 219.05 728.45 Td (all ) Tj ET Q q 0 0 0 rg BT 230.33 728.45 Td (entities ) Tj ET Q q 0 0 0 rg BT 258.61 728.45 Td (controlled ) Tj ET Q q 0 0 0 rg BT 297.38 728.45 Td (by ) Tj ET Q q 0 0 0 rg BT 308.66 728.45 Td (the ) Tj ET Q q 0 0 0 rg BT 321.94 728.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.22 728.45 Td (and ) Tj ET Q q 0 0 0 rg BT 374.50 728.45 Td (its ) Tj ET Q q 0 0 0 rg BT 385.29 728.45 Td (employees, ) Tj ET Q q 0 0 0 rg BT 428.31 728.45 Td (directors, ) Tj ET Q q 0 0 0 rg BT 464.33 728.45 Td (of) Tj ET Q q 0 0 0 rg BT 471.67 728.45 Td (ficers ) Tj ET Q q 0 0 0 rg BT 493.94 728.45 Td (and ) Tj ET Q q 0 0 0 rg BT 509.22 728.45 Td (agents. ) Tj ET Q q 0 0 0 rg BT 536.24 728.45 Td (A) Tj ET Q q 0 0 0 rg BT 542.24 728.45 Td ( ) Tj ET Q q 0 0 0 rg BT 544.53 728.45 Td (copy ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.65 Td (of ) Tj ET Q q 0 0 0 rg BT 45.61 717.65 Td (our ) Tj ET Q q 0 0 0 rg BT 59.72 717.65 Td (code ) Tj ET Q q 0 0 0 rg BT 78.83 717.65 Td (of ) Tj ET Q q 0 0 0 rg BT 88.44 717.65 Td (ethics ) Tj ET Q q 0 0 0 rg BT 111.55 717.65 Td (has ) Tj ET Q q 0 0 0 rg BT 125.66 717.65 Td (been ) Tj ET Q q 0 0 0 rg BT 144.76 717.65 Td (filed ) Tj ET Q q 0 0 0 rg BT 163.37 717.65 Td (as ) Tj ET Q q 0 0 0 rg BT 172.98 717.65 Td (an ) Tj ET Q q 0 0 0 rg BT 183.59 717.65 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 210.70 717.65 Td (to ) Tj ET Q q 0 0 0 rg BT 219.82 717.65 Td (our ) Tj ET Q q 0 0 0 rg BT 233.93 717.65 Td (Registration ) Tj ET Q q 0 0 0 rg BT 280.04 717.65 Td (Statement ) Tj ET Q q 0 0 0 rg BT 318.14 717.65 Td (on ) Tj ET Q q 0 0 0 rg BT 329.26 717.65 Td (Form ) Tj ET Q q 0 0 0 rg BT 350.88 717.65 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 365.49 717.65 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 414.60 717.65 Td (No. ) Tj ET Q q 0 0 0 rg BT 429.96 717.65 Td (333-185394\) ) Tj ET Q q 0 0 0 rg BT 478.57 717.65 Td (and ) Tj ET Q q 0 0 0 rg BT 493.68 717.65 Td (is ) Tj ET Q q 0 0 0 rg BT 501.80 717.65 Td (also ) Tj ET Q q 0 0 0 rg BT 518.41 717.65 Td (available ) Tj ET Q q 0 0 0 rg BT 553.01 717.65 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.85 Td (our ) Tj ET Q q 0 0 0 rg BT 50.31 706.85 Td (website ) Tj ET Q q 0 0 0 rg BT 80.11 706.85 Td (at ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 88.9130859375 705.65029296875 m 159.30908203125 705.65029296875 l s q 0 0 0 rg BT 88.91 706.85 Td (www) Tj ET Q q 0 0 0 rg BT 107.83 706.85 Td (.nadlcorp.com) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.31 706.85 Td (. ) Tj ET Q q 0 0 0 rg BT 163.70 706.85 Td (This ) Tj ET Q q 0 0 0 rg BT 182.01 706.85 Td (web ) Tj ET Q q 0 0 0 rg BT 199.32 706.85 Td (address ) Tj ET Q q 0 0 0 rg BT 228.62 706.85 Td (is ) Tj ET Q q 0 0 0 rg BT 236.93 706.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 271.23 706.85 Td (as ) Tj ET Q q 0 0 0 rg BT 281.04 706.85 Td (an ) Tj ET Q q 0 0 0 rg BT 291.84 706.85 Td (inactive ) Tj ET Q q 0 0 0 rg BT 322.64 706.85 Td (textual ) Tj ET Q q 0 0 0 rg BT 349.44 706.85 Td (reference ) Tj ET Q q 0 0 0 rg BT 385.21 706.85 Td (only) Tj ET Q q 0 0 0 rg BT 400.63 706.85 Td (. ) Tj ET Q q 0 0 0 rg BT 405.19 706.85 Td ( ) Tj ET Q q 0 0 0 rg BT 407.50 706.85 Td (Information ) Tj ET Q q 0 0 0 rg BT 452.79 706.85 Td (contained ) Tj ET Q q 0 0 0 rg BT 490.09 706.85 Td (on ) Tj ET Q q 0 0 0 rg BT 501.40 706.85 Td (our ) Tj ET Q q 0 0 0 rg BT 515.70 706.85 Td (website ) Tj ET Q q 0 0 0 rg BT 545.50 706.85 Td (does ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 696.05 Td (not ) Tj ET Q q 0 0 0 rg BT 50.35 696.05 Td (constitute ) Tj ET Q q 0 0 0 rg BT 88.20 696.05 Td (part ) Tj ET Q q 0 0 0 rg BT 105.04 696.05 Td (of ) Tj ET Q q 0 0 0 rg BT 115.39 696.05 Td (this ) Tj ET Q q 0 0 0 rg BT 130.61 696.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 159.96 696.05 Td (Report. ) Tj ET Q q 0 0 0 rg BT 189.35 696.05 Td (W) Tj ET Q q 0 0 0 rg BT 197.12 696.05 Td (e ) Tj ET Q q 0 0 0 rg BT 203.97 696.05 Td (will ) Tj ET Q q 0 0 0 rg BT 220.82 696.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 251.16 696.05 Td (any ) Tj ET Q q 0 0 0 rg BT 267.01 696.05 Td (person, ) Tj ET Q q 0 0 0 rg BT 296.10 696.05 Td (free ) Tj ET Q q 0 0 0 rg BT 312.94 696.05 Td (of ) Tj ET Q q 0 0 0 rg BT 323.29 696.05 Td (char) Tj ET Q q 0 0 0 rg BT 338.61 696.05 Td (ge, ) Tj ET Q q 0 0 0 rg BT 352.21 696.05 Td (a ) Tj ET Q q 0 0 0 rg BT 359.05 696.05 Td (copy ) Tj ET Q q 0 0 0 rg BT 379.40 696.05 Td (of ) Tj ET Q q 0 0 0 rg BT 389.75 696.05 Td (our ) Tj ET Q q 0 0 0 rg BT 404.59 696.05 Td (Code ) Tj ET Q q 0 0 0 rg BT 426.44 696.05 Td (of ) Tj ET Q q 0 0 0 rg BT 436.79 696.05 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 462.14 696.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 482.99 696.05 Td (written ) Tj ET Q q 0 0 0 rg BT 511.33 696.05 Td (request ) Tj ET Q q 0 0 0 rg BT 540.17 696.05 Td (to ) Tj ET Q q 0 0 0 rg BT 550.02 696.05 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 73.73 685.25 Td (of) Tj ET Q q 0 0 0 rg BT 81.07 685.25 Td (fice.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 642.65 Td (ITEM 16C. ) Tj ET Q q 0 0 0 rg BT 108.00 642.65 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 148.92 642.65 Td (AL) Tj ET Q q 0 0 0 rg BT 162.26 642.65 Td ( ) Tj ET Q q 0 0 0 rg BT 164.21 642.65 Td (ACCOUNTING FEES ) Tj ET Q q 0 0 0 rg BT 263.12 642.65 Td (AND SER) Tj ET Q q 0 0 0 rg BT 306.38 642.65 Td (VICES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 628.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.41 628.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 86.82 628.85 Td (accountants ) Tj ET Q q 0 0 0 rg BT 131.72 628.85 Td (for ) Tj ET Q q 0 0 0 rg BT 144.63 628.85 Td (the ) Tj ET Q q 0 0 0 rg BT 158.05 628.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 179.95 628.85 Td (years ) Tj ET Q q 0 0 0 rg BT 201.36 628.85 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.27 628.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 278.16 628.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.16 628.85 Td ( ) Tj ET Q q 0 0 0 rg BT 298.58 628.85 Td (was ) Tj ET Q q 0 0 0 rg BT 314.99 628.85 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 406.88 628.85 Td (LLP) Tj ET Q q 0 0 0 rg BT 422.55 628.85 Td ( ) Tj ET Q q 0 0 0 rg BT 424.97 628.85 Td (\(UK\) ) Tj ET Q q 0 0 0 rg BT 446.38 628.85 Td (and ) Tj ET Q q 0 0 0 rg BT 461.79 628.85 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.70 628.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 527.60 628.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.60 628.85 Td ( ) Tj ET Q q 0 0 0 rg BT 548.02 628.85 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 618.05 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 126.49 618.05 Td (AS ) Tj ET Q q 0 0 0 rg BT 139.30 618.05 Td (\(Norway\). ) Tj ET Q q 0 0 0 rg BT 177.84 618.05 Td ( ) Tj ET Q q 0 0 0 rg BT 179.05 618.05 Td (The ) Tj ET Q q 0 0 0 rg BT 194.35 618.05 Td (following ) Tj ET Q q 0 0 0 rg BT 230.65 618.05 Td (table ) Tj ET Q q 0 0 0 rg BT 249.45 618.05 Td (sets ) Tj ET Q q 0 0 0 rg BT 264.25 618.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 283.05 618.05 Td (the ) Tj ET Q q 0 0 0 rg BT 295.35 618.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 311.15 618.05 Td (related ) Tj ET Q q 0 0 0 rg BT 336.93 618.05 Td (to ) Tj ET Q q 0 0 0 rg BT 345.24 618.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 364.54 618.05 Td (and ) Tj ET Q q 0 0 0 rg BT 378.84 618.05 Td (other ) Tj ET Q q 0 0 0 rg BT 398.64 618.05 Td (services ) Tj ET Q q 0 0 0 rg BT 428.93 618.05 Td (provided ) Tj ET Q q 0 0 0 rg BT 462.23 618.05 Td (by ) Tj ET Q q 0 0 0 rg BT 472.53 618.05 Td (PricewaterhouseCoopers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 607.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 51.67 607.25 Td ( ) Tj ET Q q 0 0 0 rg BT 53.92 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 69.16 607.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 160.39 607.25 Td (AS.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 580.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 580.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 580.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 552.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 552.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 552.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 524.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 524.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 524.75 60.00 -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 442.5 580.75 m 502.5 580.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 580.75 m 562.5 580.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 580.75 m 502.5 580.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 580.75 m 562.5 580.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 524.75 m 502.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 524.75 m 562.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 524.75 m 502.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 524.75 m 562.5 524.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 585.15 Td (\(in U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 585.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.00 585.15 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 571.21 Td (Audit fees \(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 571.21 Td (644,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 571.21 Td (1,457,990) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 557.21 Td (Audit-related fees \(b\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 543.21 Td (Taxation fees \(c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 529.21 Td (All other fees \(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 529.21 Td (11,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 529.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 515.21 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 515.21 Td (655,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 515.21 Td (1,457,990) Tj ET Q BT /F1 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 483.65 Td (a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.50 483.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 483.65 Td (Audit ) Tj ET Q q 0 0 0 rg BT 96.26 483.65 Td (Fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 469.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 94.56 469.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 111.11 469.85 Td (represent ) Tj ET Q q 0 0 0 rg BT 146.16 469.85 Td (professional ) Tj ET Q q 0 0 0 rg BT 192.21 469.85 Td (services ) Tj ET Q q 0 0 0 rg BT 223.26 469.85 Td (rendered ) Tj ET Q q 0 0 0 rg BT 256.80 469.85 Td (for ) Tj ET Q q 0 0 0 rg BT 269.35 469.85 Td (the ) Tj ET Q q 0 0 0 rg BT 282.41 469.85 Td (audit ) Tj ET Q q 0 0 0 rg BT 302.47 469.85 Td (of ) Tj ET Q q 0 0 0 rg BT 312.03 469.85 Td (our ) Tj ET Q q 0 0 0 rg BT 326.08 469.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 352.14 469.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.68 469.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 425.73 469.85 Td (and ) Tj ET Q q 0 0 0 rg BT 440.79 469.85 Td (services ) Tj ET Q q 0 0 0 rg BT 471.84 469.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 505.89 469.85 Td (by ) Tj ET Q q 0 0 0 rg BT 516.96 469.85 Td (the ) Tj ET Q q 0 0 0 rg BT 530.01 469.85 Td (principal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 459.05 Td (accountant ) Tj ET Q q 0 0 0 rg BT 113.23 459.05 Td (in ) Tj ET Q q 0 0 0 rg BT 122.48 459.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 164.21 459.05 Td (with ) Tj ET Q q 0 0 0 rg BT 182.47 459.05 Td (statutory ) Tj ET Q q 0 0 0 rg BT 216.21 459.05 Td (and ) Tj ET Q q 0 0 0 rg BT 231.46 459.05 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 270.69 459.05 Td (filings ) Tj ET Q q 0 0 0 rg BT 295.94 459.05 Td (or ) Tj ET Q q 0 0 0 rg BT 305.69 459.05 Td (engagements.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 431.45 Td (b\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 44.00 431.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 431.45 Td (Audit-Related ) Tj ET Q q 0 0 0 rg BT 128.75 431.45 Td (Fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 417.65 Td (Audit-related ) Tj ET Q q 0 0 0 rg BT 122.44 417.65 Td (fees ) Tj ET Q q 0 0 0 rg BT 139.39 417.65 Td (consist ) Tj ET Q q 0 0 0 rg BT 166.85 417.65 Td (of ) Tj ET Q q 0 0 0 rg BT 176.80 417.65 Td (assurance ) Tj ET Q q 0 0 0 rg BT 214.24 417.65 Td (and ) Tj ET Q q 0 0 0 rg BT 229.69 417.65 Td (related ) Tj ET Q q 0 0 0 rg BT 256.64 417.65 Td (services ) Tj ET Q q 0 0 0 rg BT 288.08 417.65 Td (rendered ) Tj ET Q q 0 0 0 rg BT 322.02 417.65 Td (by ) Tj ET Q q 0 0 0 rg BT 333.48 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 346.93 417.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 381.38 417.65 Td (accountant ) Tj ET Q q 0 0 0 rg BT 422.82 417.65 Td (related ) Tj ET Q q 0 0 0 rg BT 449.76 417.65 Td (to ) Tj ET Q q 0 0 0 rg BT 459.22 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 472.67 417.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 520.60 417.65 Td (of ) Tj ET Q q 0 0 0 rg BT 530.56 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 544.01 417.65 Td (audit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 406.85 Td (or ) Tj ET Q q 0 0 0 rg BT 81.75 406.85 Td (review ) Tj ET Q q 0 0 0 rg BT 108.48 406.85 Td (of ) Tj ET Q q 0 0 0 rg BT 118.23 406.85 Td (our ) Tj ET Q q 0 0 0 rg BT 132.48 406.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.21 406.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 206.45 406.85 Td (which ) Tj ET Q q 0 0 0 rg BT 230.70 406.85 Td (have ) Tj ET Q q 0 0 0 rg BT 249.93 406.85 Td (not ) Tj ET Q q 0 0 0 rg BT 263.69 406.85 Td (been ) Tj ET Q q 0 0 0 rg BT 282.92 406.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 315.16 406.85 Td (under ) Tj ET Q q 0 0 0 rg BT 337.40 406.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 360.15 406.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 376.89 406.85 Td (above.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 379.25 Td (c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.99 379.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 379.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.18 379.25 Td (axation ) Tj ET Q q 0 0 0 rg BT 107.93 379.25 Td (Fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 365.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.45 Td (T) Tj ET Q q 0 0 0 rg BT 76.87 365.45 Td (axation ) Tj ET Q q 0 0 0 rg BT 105.11 365.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 121.36 365.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 156.09 365.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 172.34 365.45 Td (for ) Tj ET Q q 0 0 0 rg BT 184.58 365.45 Td (professional ) Tj ET Q q 0 0 0 rg BT 230.33 365.45 Td (services ) Tj ET Q q 0 0 0 rg BT 261.07 365.45 Td (rendered ) Tj ET Q q 0 0 0 rg BT 294.30 365.45 Td (by ) Tj ET Q q 0 0 0 rg BT 305.06 365.45 Td (the ) Tj ET Q q 0 0 0 rg BT 317.80 365.45 Td (principal ) Tj ET Q q 0 0 0 rg BT 351.55 365.45 Td (accountant ) Tj ET Q q 0 0 0 rg BT 392.28 365.45 Td (for ) Tj ET Q q 0 0 0 rg BT 404.53 365.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 417.28 365.45 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 462.76 365.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.51 365.45 Td (advice ) Tj ET Q q 0 0 0 rg BT 500.75 365.45 Td (and ) Tj ET Q q 0 0 0 rg BT 515.50 365.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 528.25 365.45 Td (planning.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 337.85 Td (d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 44.00 337.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 337.85 Td (All ) Tj ET Q q 0 0 0 rg BT 85.75 337.85 Td (Other) Tj ET Q q 0 0 0 rg BT 108.58 337.85 Td ( ) Tj ET Q q 0 0 0 rg BT 110.83 337.85 Td (Fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 324.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 324.05 Td (All ) Tj ET Q q 0 0 0 rg BT 85.75 324.05 Td (other ) Tj ET Q q 0 0 0 rg BT 106.49 324.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 123.23 324.05 Td (include ) Tj ET Q q 0 0 0 rg BT 151.97 324.05 Td (services ) Tj ET Q q 0 0 0 rg BT 183.21 324.05 Td (other ) Tj ET Q q 0 0 0 rg BT 203.95 324.05 Td (than ) Tj ET Q q 0 0 0 rg BT 221.70 324.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 241.94 324.05 Td (fees, ) Tj ET Q q 0 0 0 rg BT 260.93 324.05 Td (audit-related ) Tj ET Q q 0 0 0 rg BT 308.65 324.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 325.39 324.05 Td (and ) Tj ET Q q 0 0 0 rg BT 340.64 324.05 Td (taxation ) Tj ET Q q 0 0 0 rg BT 371.88 324.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 388.62 324.05 Td (set ) Tj ET Q q 0 0 0 rg BT 400.86 324.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 420.61 324.05 Td (above.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 296.45 Td (e\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.99 296.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 296.45 Td (Audit ) Tj ET Q q 0 0 0 rg BT 96.26 296.45 Td (Committee) Tj ET Q q 0 0 0 rg BT 141.40 296.45 Td (s ) Tj ET Q q 0 0 0 rg BT 147.15 296.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 156.48 296.45 Td (e-Appr) Tj ET Q q 0 0 0 rg BT 183.81 296.45 Td (oval ) Tj ET Q q 0 0 0 rg BT 202.06 296.45 Td (Policies ) Tj ET Q q 0 0 0 rg BT 233.31 296.45 Td (and ) Tj ET Q q 0 0 0 rg BT 250.07 296.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 259.40 296.45 Td (ocedur) Tj ET Q q 0 0 0 rg BT 285.73 296.45 Td (es) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 282.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 282.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 87.51 282.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 111.01 282.65 Td (of ) Tj ET Q q 0 0 0 rg BT 120.02 282.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 155.01 282.65 Td (has ) Tj ET Q q 0 0 0 rg BT 168.52 282.65 Td (adopted ) Tj ET Q q 0 0 0 rg BT 198.52 282.65 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 246.01 282.65 Td (policies ) Tj ET Q q 0 0 0 rg BT 275.51 282.65 Td (and ) Tj ET Q q 0 0 0 rg BT 290.01 282.65 Td (procedures ) Tj ET Q q 0 0 0 rg BT 331.00 282.65 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 282.65 Td (compliance ) Tj ET Q q 0 0 0 rg BT 382.50 282.65 Td (with ) Tj ET Q q 0 0 0 rg BT 400.01 282.65 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 437.50 282.65 Td (\(c\)\(7\)\(i\) ) Tj ET Q q 0 0 0 rg BT 467.99 282.65 Td (of ) Tj ET Q q 0 0 0 rg BT 477.00 282.65 Td (Rule ) Tj ET Q q 0 0 0 rg BT 495.50 282.65 Td (2-01 ) Tj ET Q q 0 0 0 rg BT 513.51 282.65 Td (of ) Tj ET Q q 0 0 0 rg BT 522.52 282.65 Td (Regulation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 271.85 Td (S-X ) Tj ET Q q 0 0 0 rg BT 88.88 271.85 Td (that ) Tj ET Q q 0 0 0 rg BT 104.75 271.85 Td (requires ) Tj ET Q q 0 0 0 rg BT 136.12 271.85 Td (the ) Tj ET Q q 0 0 0 rg BT 149.49 271.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 173.86 271.85 Td (to ) Tj ET Q q 0 0 0 rg BT 183.24 271.85 Td (approve ) Tj ET Q q 0 0 0 rg BT 214.60 271.85 Td (the ) Tj ET Q q 0 0 0 rg BT 227.98 271.85 Td (appointment ) Tj ET Q q 0 0 0 rg BT 275.34 271.85 Td (of ) Tj ET Q q 0 0 0 rg BT 285.22 271.85 Td (our ) Tj ET Q q 0 0 0 rg BT 299.59 271.85 Td (independent ) Tj ET Q q 0 0 0 rg BT 345.96 271.85 Td (auditor ) Tj ET Q q 0 0 0 rg BT 373.83 271.85 Td (before ) Tj ET Q q 0 0 0 rg BT 399.19 271.85 Td (such ) Tj ET Q q 0 0 0 rg BT 418.06 271.85 Td (auditor ) Tj ET Q q 0 0 0 rg BT 445.93 271.85 Td (is ) Tj ET Q q 0 0 0 rg BT 454.31 271.85 Td (engaged, ) Tj ET Q q 0 0 0 rg BT 488.92 271.85 Td (and ) Tj ET Q q 0 0 0 rg BT 504.29 271.85 Td (approve ) Tj ET Q q 0 0 0 rg BT 535.66 271.85 Td (each ) Tj ET Q q 0 0 0 rg BT 554.52 271.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 261.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.06 261.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 105.13 261.05 Td (and ) Tj ET Q q 0 0 0 rg BT 120.19 261.05 Td (non-audit ) Tj ET Q q 0 0 0 rg BT 156.75 261.05 Td (related ) Tj ET Q q 0 0 0 rg BT 183.30 261.05 Td (services ) Tj ET Q q 0 0 0 rg BT 214.36 261.05 Td (to ) Tj ET Q q 0 0 0 rg BT 223.43 261.05 Td (be ) Tj ET Q q 0 0 0 rg BT 233.99 261.05 Td (provided ) Tj ET Q q 0 0 0 rg BT 268.05 261.05 Td (by ) Tj ET Q q 0 0 0 rg BT 279.12 261.05 Td (such ) Tj ET Q q 0 0 0 rg BT 297.69 261.05 Td (auditor ) Tj ET Q q 0 0 0 rg BT 325.25 261.05 Td (under ) Tj ET Q q 0 0 0 rg BT 347.81 261.05 Td (such ) Tj ET Q q 0 0 0 rg BT 366.38 261.05 Td (engagement ) Tj ET Q q 0 0 0 rg BT 411.92 261.05 Td (by ) Tj ET Q q 0 0 0 rg BT 422.99 261.05 Td (the ) Tj ET Q q 0 0 0 rg BT 436.06 261.05 Td (Company) Tj ET Q q 0 0 0 rg BT 470.47 261.05 Td (. ) Tj ET Q q 0 0 0 rg BT 474.33 261.05 Td (All ) Tj ET Q q 0 0 0 rg BT 487.90 261.05 Td (services ) Tj ET Q q 0 0 0 rg BT 518.96 261.05 Td (provided ) Tj ET Q q 0 0 0 rg BT 553.02 261.05 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 250.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 119.48 250.25 Td (auditor ) Tj ET Q q 0 0 0 rg BT 147.23 250.25 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.48 250.25 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.48 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.73 250.25 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.97 250.25 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.97 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.22 250.25 Td (were ) Tj ET Q q 0 0 0 rg BT 231.96 250.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 267.69 250.25 Td (by ) Tj ET Q q 0 0 0 rg BT 278.94 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.19 250.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 316.43 250.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 349.68 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.93 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.17 250.25 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 420.40 250.25 Td (policy) Tj ET Q q 0 0 0 rg BT 442.31 250.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 221.45 Td (ITEM 16D. ) Tj ET Q q 0 0 0 rg BT 108.00 221.45 Td (EXEMPTIONS FROM LISTING ST) Tj ET Q q 0 0 0 rg BT 266.45 221.45 Td (ANDARDS FOR ) Tj ET Q q 0 0 0 rg BT 340.90 221.45 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 372.95 221.45 Td ( COMMITTEES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.65 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 178.85 Td (ITEM 16E. ) Tj ET Q q 0 0 0 rg BT 108.00 178.85 Td (PURCHASES OF) Tj ET Q q 0 0 0 rg BT 184.58 178.85 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 226.16 178.85 Td ( SECURITIES BY) Tj ET Q q 0 0 0 rg BT 305.27 178.85 Td ( ) Tj ET Q q 0 0 0 rg BT 307.58 178.85 Td (THE ISSUER ) Tj ET Q q 0 0 0 rg BT 369.28 178.85 Td (AND ) Tj ET Q q 0 0 0 rg BT 392.89 178.85 Td (AFFILIA) Tj ET Q q 0 0 0 rg BT 433.26 178.85 Td (TED PURCHASES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 165.05 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 136.25 Td (ITEM 16F) Tj ET Q q 0 0 0 rg BT 80.36 136.25 Td (. ) Tj ET Q q 0 0 0 rg BT 108.00 136.25 Td (CHANGE IN REGISTRANT'S CER) Tj ET Q q 0 0 0 rg BT 265.73 136.25 Td (TIFYING ) Tj ET Q q 0 0 0 rg BT 310.47 136.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 360.28 136.25 Td (ANT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 122.45 Td (Ef) Tj ET Q q 0 0 0 rg BT 44.33 122.45 Td (fective ) Tj ET Q q 0 0 0 rg BT 72.46 122.45 Td (September ) Tj ET Q q 0 0 0 rg BT 114.60 122.45 Td (18, ) Tj ET Q q 0 0 0 rg BT 129.50 122.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 151.15 122.45 Td (North ) Tj ET Q q 0 0 0 rg BT 174.99 122.45 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 207.63 122.45 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 239.78 122.45 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 258.18 122.45 Td (\(the ) Tj ET Q q 0 0 0 rg BT 275.82 122.45 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 325.45 122.45 Td (dismissed ) Tj ET Q q 0 0 0 rg BT 364.60 122.45 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 456.92 122.45 Td (AS ) Tj ET Q q 0 0 0 rg BT 472.08 122.45 Td (\(PwC ) Tj ET Q q 0 0 0 rg BT 500.22 122.45 Td (Norway\) ) Tj ET Q q 0 0 0 rg BT 539.86 122.45 Td (as ) Tj ET Q q 0 0 0 rg BT 551.00 122.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 111.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 79.19 111.65 Td (independent ) Tj ET Q q 0 0 0 rg BT 126.25 111.65 Td (registered ) Tj ET Q q 0 0 0 rg BT 164.80 111.65 Td (public ) Tj ET Q q 0 0 0 rg BT 190.37 111.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 232.92 111.65 Td (firm, ) Tj ET Q q 0 0 0 rg BT 253.74 111.65 Td (in ) Tj ET Q q 0 0 0 rg BT 263.81 111.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 306.37 111.65 Td (with ) Tj ET Q q 0 0 0 rg BT 325.44 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 339.50 111.65 Td (relocation ) Tj ET Q q 0 0 0 rg BT 378.56 111.65 Td (of ) Tj ET Q q 0 0 0 rg BT 389.12 111.65 Td (its ) Tj ET Q q 0 0 0 rg BT 400.70 111.65 Td (corporate ) Tj ET Q q 0 0 0 rg BT 437.75 111.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 480.30 111.65 Td (function ) Tj ET Q q 0 0 0 rg BT 513.37 111.65 Td (to ) Tj ET Q q 0 0 0 rg BT 523.44 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 537.50 111.65 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 100.85 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 74.34 100.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.08 100.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 112.83 100.85 Td (committee ) Tj ET Q q 0 0 0 rg BT 153.07 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 162.82 100.85 Td (the ) Tj ET Q q 0 0 0 rg BT 176.06 100.85 Td (board ) Tj ET Q q 0 0 0 rg BT 198.80 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 208.55 100.85 Td (directors ) Tj ET Q q 0 0 0 rg BT 242.29 100.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 258.53 100.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 285.28 100.85 Td (committee\) ) Tj ET Q q 0 0 0 rg BT 332.50 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 342.25 100.85 Td (the ) Tj ET Q q 0 0 0 rg BT 355.50 100.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 392.74 100.85 Td (approved ) Tj ET Q q 0 0 0 rg BT 428.48 100.85 Td (the ) Tj ET Q q 0 0 0 rg BT 441.73 100.85 Td (dismissal ) Tj ET Q q 0 0 0 rg BT 477.48 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 487.23 100.85 Td (PwC ) Tj ET Q q 0 0 0 rg BT 506.98 100.85 Td (Norway) Tj ET Q q 0 0 0 rg BT 535.39 100.85 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 73.25 Td (The ) Tj ET Q q 0 0 0 rg BT 51.63 73.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 78.27 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.41 73.25 Td (PwC ) Tj ET Q q 0 0 0 rg BT 106.56 73.25 Td (Norway ) Tj ET Q q 0 0 0 rg BT 137.19 73.25 Td (on ) Tj ET Q q 0 0 0 rg BT 147.83 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.47 73.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 207.60 73.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 240.72 73.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 280.35 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.49 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.13 73.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 338.77 73.25 Td (for ) Tj ET Q q 0 0 0 rg BT 350.90 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.54 73.25 Td (year ) Tj ET Q q 0 0 0 rg BT 380.67 73.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 403.80 73.25 Td (December ) Tj ET Q q 0 0 0 rg BT 442.42 73.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 455.31 73.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 474.95 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.58 73.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 509.23 73.25 Td (did ) Tj ET Q q 0 0 0 rg BT 522.37 73.25 Td (not ) Tj ET Q q 0 0 0 rg BT 535.51 73.25 Td (contain ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 62.45 Td (an ) Tj ET Q q 0 0 0 rg BT 46.74 62.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 76.48 62.45 Td (opinion ) Tj ET Q q 0 0 0 rg BT 106.23 62.45 Td (or ) Tj ET Q q 0 0 0 rg BT 115.98 62.45 Td (disclaimer ) Tj ET Q q 0 0 0 rg BT 155.71 62.45 Td (of ) Tj ET Q q 0 0 0 rg BT 165.46 62.45 Td (opinion ) Tj ET Q q 0 0 0 rg BT 195.21 62.45 Td (and ) Tj ET Q q 0 0 0 rg BT 210.45 62.45 Td (were ) Tj ET Q q 0 0 0 rg BT 230.19 62.45 Td (not ) Tj ET Q q 0 0 0 rg BT 243.94 62.45 Td (qualified ) Tj ET Q q 0 0 0 rg BT 278.18 62.45 Td (or ) Tj ET Q q 0 0 0 rg BT 287.93 62.45 Td (modified ) Tj ET Q q 0 0 0 rg BT 322.67 62.45 Td (as ) Tj ET Q q 0 0 0 rg BT 332.42 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 341.67 62.45 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 381.56 62.45 Td (, ) Tj ET Q q 0 0 0 rg BT 386.06 62.45 Td (audit ) Tj ET Q q 0 0 0 rg BT 406.31 62.45 Td (scope, ) Tj ET Q q 0 0 0 rg BT 431.30 62.45 Td (or ) Tj ET Q q 0 0 0 rg BT 441.05 62.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 482.78 62.45 Td (principles. ) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 32.30 Td (68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 742.80 Td (During ) Tj ET Q q 0 0 0 rg BT 63.22 742.80 Td (the ) Tj ET Q q 0 0 0 rg BT 75.94 742.80 Td (years ) Tj ET Q q 0 0 0 rg BT 96.65 742.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 119.86 742.80 Td (December ) Tj ET Q q 0 0 0 rg BT 158.56 742.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.54 742.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 191.26 742.80 Td (and ) Tj ET Q q 0 0 0 rg BT 205.98 742.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 225.70 742.80 Td (and ) Tj ET Q q 0 0 0 rg BT 240.42 742.80 Td (through ) Tj ET Q q 0 0 0 rg BT 270.14 742.80 Td (September ) Tj ET Q q 0 0 0 rg BT 310.35 742.80 Td (18, ) Tj ET Q q 0 0 0 rg BT 323.33 742.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 343.05 742.80 Td (there ) Tj ET Q q 0 0 0 rg BT 362.76 742.80 Td (were ) Tj ET Q q 0 0 0 rg BT 381.97 742.80 Td (no ) Tj ET Q q 0 0 0 rg BT 392.69 742.80 Td (disagreements ) Tj ET Q q 0 0 0 rg BT 445.90 742.80 Td (with ) Tj ET Q q 0 0 0 rg BT 463.62 742.80 Td (PwC ) Tj ET Q q 0 0 0 rg BT 482.86 742.80 Td (Norway ) Tj ET Q q 0 0 0 rg BT 513.57 742.80 Td (on ) Tj ET Q q 0 0 0 rg BT 524.29 742.80 Td (any ) Tj ET Q q 0 0 0 rg BT 539.01 742.80 Td (matter ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 732.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.80 732.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 87.58 732.00 Td (principles ) Tj ET Q q 0 0 0 rg BT 125.37 732.00 Td (or ) Tj ET Q q 0 0 0 rg BT 135.16 732.00 Td (practices, ) Tj ET Q q 0 0 0 rg BT 171.69 732.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.47 732.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 242.26 732.00 Td (disclosures, ) Tj ET Q q 0 0 0 rg BT 286.80 732.00 Td (or ) Tj ET Q q 0 0 0 rg BT 296.60 732.00 Td (auditing ) Tj ET Q q 0 0 0 rg BT 328.39 732.00 Td (scope ) Tj ET Q q 0 0 0 rg BT 351.18 732.00 Td (or ) Tj ET Q q 0 0 0 rg BT 360.98 732.00 Td (procedure, ) Tj ET Q q 0 0 0 rg BT 401.50 732.00 Td (which ) Tj ET Q q 0 0 0 rg BT 425.79 732.00 Td (such ) Tj ET Q q 0 0 0 rg BT 444.59 732.00 Td (disagreements, ) Tj ET Q q 0 0 0 rg BT 500.62 732.00 Td (if ) Tj ET Q q 0 0 0 rg BT 508.42 732.00 Td (not ) Tj ET Q q 0 0 0 rg BT 522.22 732.00 Td (resolved ) Tj ET Q q 0 0 0 rg BT 555.00 732.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.20 Td (the ) Tj ET Q q 0 0 0 rg BT 48.71 721.20 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 91.42 721.20 Td (of ) Tj ET Q q 0 0 0 rg BT 100.63 721.20 Td (PwC ) Tj ET Q q 0 0 0 rg BT 119.86 721.20 Td (Norway) Tj ET Q q 0 0 0 rg BT 148.26 721.20 Td (, ) Tj ET Q q 0 0 0 rg BT 152.23 721.20 Td (would ) Tj ET Q q 0 0 0 rg BT 176.45 721.20 Td (have ) Tj ET Q q 0 0 0 rg BT 195.15 721.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 221.36 721.20 Td (PwC ) Tj ET Q q 0 0 0 rg BT 240.58 721.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 271.29 721.20 Td (to ) Tj ET Q q 0 0 0 rg BT 280.01 721.20 Td (make ) Tj ET Q q 0 0 0 rg BT 301.22 721.20 Td (reference ) Tj ET Q q 0 0 0 rg BT 336.40 721.20 Td (thereto ) Tj ET Q q 0 0 0 rg BT 363.10 721.20 Td (in ) Tj ET Q q 0 0 0 rg BT 371.82 721.20 Td (its ) Tj ET Q q 0 0 0 rg BT 382.04 721.20 Td (reports ) Tj ET Q q 0 0 0 rg BT 408.75 721.20 Td (on ) Tj ET Q q 0 0 0 rg BT 419.47 721.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.18 721.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.38 721.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 505.09 721.20 Td (of ) Tj ET Q q 0 0 0 rg BT 514.30 721.20 Td (the ) Tj ET Q q 0 0 0 rg BT 527.01 721.20 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 710.40 Td (for ) Tj ET Q q 0 0 0 rg BT 48.43 710.40 Td (such ) Tj ET Q q 0 0 0 rg BT 66.86 710.40 Td (years. ) Tj ET Q q 0 0 0 rg BT 90.03 710.40 Td (During ) Tj ET Q q 0 0 0 rg BT 117.47 710.40 Td (the ) Tj ET Q q 0 0 0 rg BT 130.40 710.40 Td (years ) Tj ET Q q 0 0 0 rg BT 151.32 710.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.74 710.40 Td (December ) Tj ET Q q 0 0 0 rg BT 213.65 710.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 226.84 710.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 246.77 710.40 Td (and ) Tj ET Q q 0 0 0 rg BT 261.70 710.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 283.89 710.40 Td (and ) Tj ET Q q 0 0 0 rg BT 298.81 710.40 Td (through ) Tj ET Q q 0 0 0 rg BT 328.75 710.40 Td (the ) Tj ET Q q 0 0 0 rg BT 341.68 710.40 Td (September ) Tj ET Q q 0 0 0 rg BT 382.10 710.40 Td (18, ) Tj ET Q q 0 0 0 rg BT 395.28 710.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 417.47 710.40 Td (there ) Tj ET Q q 0 0 0 rg BT 437.39 710.40 Td (were ) Tj ET Q q 0 0 0 rg BT 456.81 710.40 Td (no ) Tj ET Q q 0 0 0 rg BT 467.74 710.40 Td (reportable ) Tj ET Q q 0 0 0 rg BT 510.15 710.40 Td (events ) Tj ET Q q 0 0 0 rg BT 539.07 710.40 Td (as ) Tj ET Q q 0 0 0 rg BT 548.50 710.40 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 699.60 Td (term ) Tj ET Q q 0 0 0 rg BT 54.74 699.60 Td (is ) Tj ET Q q 0 0 0 rg BT 63.00 699.60 Td (described ) Tj ET Q q 0 0 0 rg BT 99.73 699.60 Td (in ) Tj ET Q q 0 0 0 rg BT 108.98 699.60 Td (paragraphs ) Tj ET Q q 0 0 0 rg BT 150.71 699.60 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 165.45 699.60 Td (through ) Tj ET Q q 0 0 0 rg BT 195.70 699.60 Td (\(D\) ) Tj ET Q q 0 0 0 rg BT 210.45 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.19 699.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 238.94 699.60 Td (16 ) Tj ET Q q 0 0 0 rg BT 250.19 699.60 Td (F\(a\)\(1\)\(v\) ) Tj ET Q q 0 0 0 rg BT 288.42 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.16 699.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 319.92 699.60 Td (20-F) Tj ET Q q 0 0 0 rg BT 336.20 699.60 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 672.00 Td (The ) Tj ET Q q 0 0 0 rg BT 51.82 672.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 88.65 672.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 122.48 672.00 Td (PwC ) Tj ET Q q 0 0 0 rg BT 141.82 672.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 172.64 672.00 Td (with ) Tj ET Q q 0 0 0 rg BT 190.47 672.00 Td (a ) Tj ET Q q 0 0 0 rg BT 196.30 672.00 Td (copy ) Tj ET Q q 0 0 0 rg BT 215.62 672.00 Td (of ) Tj ET Q q 0 0 0 rg BT 224.95 672.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.78 672.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 276.10 672.00 Td (it ) Tj ET Q q 0 0 0 rg BT 282.93 672.00 Td (made ) Tj ET Q q 0 0 0 rg BT 304.26 672.00 Td (in ) Tj ET Q q 0 0 0 rg BT 313.09 672.00 Td (its ) Tj ET Q q 0 0 0 rg BT 323.42 672.00 Td (Report ) Tj ET Q q 0 0 0 rg BT 349.75 672.00 Td (of ) Tj ET Q q 0 0 0 rg BT 359.08 672.00 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 388.91 672.00 Td (Private ) Tj ET Q q 0 0 0 rg BT 416.23 672.00 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 439.56 672.00 Td (on ) Tj ET Q q 0 0 0 rg BT 450.39 672.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 471.72 672.00 Td (6-K ) Tj ET Q q 0 0 0 rg BT 487.55 672.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 503.37 672.00 Td ( ) Tj ET Q q 0 0 0 rg BT 509.20 672.00 Td (Report\) ) Tj ET Q q 0 0 0 rg BT 542.52 672.00 Td (dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 661.20 Td (October ) Tj ET Q q 0 0 0 rg BT 67.42 661.20 Td (13, ) Tj ET Q q 0 0 0 rg BT 81.11 661.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 103.79 661.20 Td (and ) Tj ET Q q 0 0 0 rg BT 119.22 661.20 Td (requested ) Tj ET Q q 0 0 0 rg BT 156.14 661.20 Td (that ) Tj ET Q q 0 0 0 rg BT 172.07 661.20 Td (PwC ) Tj ET Q q 0 0 0 rg BT 192.01 661.20 Td (Norway ) Tj ET Q q 0 0 0 rg BT 223.44 661.20 Td (furnish ) Tj ET Q q 0 0 0 rg BT 251.37 661.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.80 661.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.23 661.20 Td (with ) Tj ET Q q 0 0 0 rg BT 320.66 661.20 Td (a ) Tj ET Q q 0 0 0 rg BT 327.09 661.20 Td (letter ) Tj ET Q q 0 0 0 rg BT 348.02 661.20 Td (addressed ) Tj ET Q q 0 0 0 rg BT 385.94 661.20 Td (to ) Tj ET Q q 0 0 0 rg BT 395.37 661.20 Td (the ) Tj ET Q q 0 0 0 rg BT 408.80 661.20 Td (Securities ) Tj ET Q q 0 0 0 rg BT 446.73 661.20 Td (and ) Tj ET Q q 0 0 0 rg BT 462.16 661.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 500.07 661.20 Td (Commission ) Tj ET Q q 0 0 0 rg BT 548.02 661.20 Td (\(the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 650.40 Td (SEC\), ) Tj ET Q q 0 0 0 rg BT 68.25 650.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 101.74 650.40 Td (to ) Tj ET Q q 0 0 0 rg BT 111.25 650.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 130.25 650.40 Td (16F\(a\)\(3\) ) Tj ET Q q 0 0 0 rg BT 167.24 650.40 Td (of ) Tj ET Q q 0 0 0 rg BT 177.24 650.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 199.25 650.40 Td (20-F) Tj ET Q q 0 0 0 rg BT 215.53 650.40 Td (, ) Tj ET Q q 0 0 0 rg BT 220.28 650.40 Td (stating ) Tj ET Q q 0 0 0 rg BT 246.78 650.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 278.27 650.40 Td (PwC ) Tj ET Q q 0 0 0 rg BT 298.29 650.40 Td (Norway ) Tj ET Q q 0 0 0 rg BT 329.78 650.40 Td (agrees ) Tj ET Q q 0 0 0 rg BT 355.27 650.40 Td (with ) Tj ET Q q 0 0 0 rg BT 373.77 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 387.27 650.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 427.77 650.40 Td (made ) Tj ET Q q 0 0 0 rg BT 449.76 650.40 Td (by ) Tj ET Q q 0 0 0 rg BT 461.26 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 474.76 650.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.26 650.40 Td (in ) Tj ET Q q 0 0 0 rg BT 521.77 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 535.27 650.40 Td (Report, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.64 639.60 Td (if ) Tj ET Q q 0 0 0 rg BT 59.79 639.60 Td (not, ) Tj ET Q q 0 0 0 rg BT 76.18 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 89.82 639.60 Td (respects ) Tj ET Q q 0 0 0 rg BT 121.46 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.10 639.60 Td (which ) Tj ET Q q 0 0 0 rg BT 155.74 639.60 Td (PwC ) Tj ET Q q 0 0 0 rg BT 175.90 639.60 Td (Norway ) Tj ET Q q 0 0 0 rg BT 207.54 639.60 Td (does ) Tj ET Q q 0 0 0 rg BT 226.68 639.60 Td (not ) Tj ET Q q 0 0 0 rg BT 240.83 639.60 Td (agree. ) Tj ET Q q 0 0 0 rg BT 264.62 639.60 Td (A) Tj ET Q q 0 0 0 rg BT 270.62 639.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.27 639.60 Td (copy ) Tj ET Q q 0 0 0 rg BT 293.41 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.55 639.60 Td (PwC ) Tj ET Q q 0 0 0 rg BT 323.71 639.60 Td (Norway) Tj ET Q q 0 0 0 rg BT 355.20 639.60 Td (s ) Tj ET Q q 0 0 0 rg BT 361.35 639.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 382.48 639.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.13 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.77 639.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 424.92 639.60 Td (dated ) Tj ET Q q 0 0 0 rg BT 447.06 639.60 Td (October ) Tj ET Q q 0 0 0 rg BT 478.69 639.60 Td (13, ) Tj ET Q q 0 0 0 rg BT 492.59 639.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 513.24 639.60 Td (is ) Tj ET Q q 0 0 0 rg BT 521.89 639.60 Td (attached ) Tj ET Q q 0 0 0 rg BT 554.51 639.60 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 628.80 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 63.25 628.80 Td (to ) Tj ET Q q 0 0 0 rg BT 72.50 628.80 Td (this ) Tj ET Q q 0 0 0 rg BT 87.25 628.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 116.00 628.80 Td (Report. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 601.20 Td (On ) Tj ET Q q 0 0 0 rg BT 49.98 601.20 Td (September ) Tj ET Q q 0 0 0 rg BT 91.44 601.20 Td (18, ) Tj ET Q q 0 0 0 rg BT 105.67 601.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 128.89 601.20 Td (in ) Tj ET Q q 0 0 0 rg BT 138.87 601.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 181.33 601.20 Td (with ) Tj ET Q q 0 0 0 rg BT 200.31 601.20 Td (the ) Tj ET Q q 0 0 0 rg BT 214.28 601.20 Td (relocation ) Tj ET Q q 0 0 0 rg BT 253.23 601.20 Td (of ) Tj ET Q q 0 0 0 rg BT 263.71 601.20 Td (the ) Tj ET Q q 0 0 0 rg BT 277.68 601.20 Td (Company) Tj ET Q q 0 0 0 rg BT 315.18 601.20 Td (s ) Tj ET Q q 0 0 0 rg BT 321.66 601.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 358.61 601.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 401.07 601.20 Td (functions ) Tj ET Q q 0 0 0 rg BT 437.54 601.20 Td (to ) Tj ET Q q 0 0 0 rg BT 447.52 601.20 Td (the ) Tj ET Q q 0 0 0 rg BT 461.49 601.20 Td (United ) Tj ET Q q 0 0 0 rg BT 488.96 601.20 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 528.19 601.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.50 601.20 Td (Audit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 590.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 79.89 590.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 117.26 590.40 Td (the ) Tj ET Q q 0 0 0 rg BT 132.15 590.40 Td (appointment ) Tj ET Q q 0 0 0 rg BT 181.03 590.40 Td (of ) Tj ET Q q 0 0 0 rg BT 192.42 590.40 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 285.78 590.40 Td (LLP) Tj ET Q q 0 0 0 rg BT 301.45 590.40 Td ( ) Tj ET Q q 0 0 0 rg BT 305.34 590.40 Td (\(PwC ) Tj ET Q q 0 0 0 rg BT 333.73 590.40 Td (UK\), ) Tj ET Q q 0 0 0 rg BT 359.86 590.40 Td (ef) Tj ET Q q 0 0 0 rg BT 366.69 590.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 395.06 590.40 Td (September ) Tj ET Q q 0 0 0 rg BT 437.44 590.40 Td (18, ) Tj ET Q q 0 0 0 rg BT 452.58 590.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 476.72 590.40 Td (as ) Tj ET Q q 0 0 0 rg BT 488.11 590.40 Td (the ) Tj ET Q q 0 0 0 rg BT 502.99 590.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 547.01 590.40 Td (new ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 579.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 82.23 579.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 119.97 579.60 Td (public ) Tj ET Q q 0 0 0 rg BT 144.71 579.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 186.45 579.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 204.19 579.60 Td (for ) Tj ET Q q 0 0 0 rg BT 216.94 579.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.18 579.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 251.92 579.60 Td (year ) Tj ET Q q 0 0 0 rg BT 269.66 579.60 Td (ending ) Tj ET Q q 0 0 0 rg BT 296.40 579.60 Td (December ) Tj ET Q q 0 0 0 rg BT 335.63 579.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 349.13 579.60 Td (2015. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 552.00 Td (During ) Tj ET Q q 0 0 0 rg BT 63.83 552.00 Td (the ) Tj ET Q q 0 0 0 rg BT 77.15 552.00 Td (years ) Tj ET Q q 0 0 0 rg BT 98.47 552.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 122.28 552.00 Td (December ) Tj ET Q q 0 0 0 rg BT 161.59 552.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 175.16 552.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 195.49 552.00 Td (and ) Tj ET Q q 0 0 0 rg BT 210.82 552.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 233.39 552.00 Td (and ) Tj ET Q q 0 0 0 rg BT 248.72 552.00 Td (through ) Tj ET Q q 0 0 0 rg BT 279.04 552.00 Td (September ) Tj ET Q q 0 0 0 rg BT 319.86 552.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 333.44 552.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 356.01 552.00 Td (neither ) Tj ET Q q 0 0 0 rg BT 383.33 552.00 Td (the ) Tj ET Q q 0 0 0 rg BT 396.65 552.00 Td (Company) Tj ET Q q 0 0 0 rg BT 431.07 552.00 Td (, ) Tj ET Q q 0 0 0 rg BT 435.64 552.00 Td (nor ) Tj ET Q q 0 0 0 rg BT 449.97 552.00 Td (anyone ) Tj ET Q q 0 0 0 rg BT 478.29 552.00 Td (on ) Tj ET Q q 0 0 0 rg BT 489.61 552.00 Td (its ) Tj ET Q q 0 0 0 rg BT 500.45 552.00 Td (behalf, ) Tj ET Q q 0 0 0 rg BT 527.51 552.00 Td (consulted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 541.20 Td (PwC ) Tj ET Q q 0 0 0 rg BT 55.92 541.20 Td (UK ) Tj ET Q q 0 0 0 rg BT 71.34 541.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 108.24 541.20 Td (either ) Tj ET Q q 0 0 0 rg BT 131.15 541.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 142.06 541.20 Td (the ) Tj ET Q q 0 0 0 rg BT 155.47 541.20 Td (application ) Tj ET Q q 0 0 0 rg BT 197.87 541.20 Td (of ) Tj ET Q q 0 0 0 rg BT 207.79 541.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 249.69 541.20 Td (principles ) Tj ET Q q 0 0 0 rg BT 287.60 541.20 Td (to ) Tj ET Q q 0 0 0 rg BT 297.01 541.20 Td (a ) Tj ET Q q 0 0 0 rg BT 303.42 541.20 Td (specified ) Tj ET Q q 0 0 0 rg BT 338.33 541.20 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 382.48 541.20 Td (either ) Tj ET Q q 0 0 0 rg BT 405.38 541.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 445.28 541.20 Td (or ) Tj ET Q q 0 0 0 rg BT 455.20 541.20 Td (proposed, ) Tj ET Q q 0 0 0 rg BT 492.86 541.20 Td (or ) Tj ET Q q 0 0 0 rg BT 502.77 541.20 Td (the ) Tj ET Q q 0 0 0 rg BT 516.19 541.20 Td (type ) Tj ET Q q 0 0 0 rg BT 534.10 541.20 Td (of ) Tj ET Q q 0 0 0 rg BT 544.01 541.20 Td (audit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 530.40 Td (opinion ) Tj ET Q q 0 0 0 rg BT 64.72 530.40 Td (that ) Tj ET Q q 0 0 0 rg BT 79.43 530.40 Td (might ) Tj ET Q q 0 0 0 rg BT 101.65 530.40 Td (be ) Tj ET Q q 0 0 0 rg BT 111.36 530.40 Td (rendered ) Tj ET Q q 0 0 0 rg BT 144.06 530.40 Td (with ) Tj ET Q q 0 0 0 rg BT 161.27 530.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 187.98 530.40 Td (to ) Tj ET Q q 0 0 0 rg BT 196.19 530.40 Td (the ) Tj ET Q q 0 0 0 rg BT 208.41 530.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.11 530.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 280.31 530.40 Td (of ) Tj ET Q q 0 0 0 rg BT 289.03 530.40 Td (the ) Tj ET Q q 0 0 0 rg BT 301.24 530.40 Td (Company; ) Tj ET Q q 0 0 0 rg BT 339.96 530.40 Td (or ) Tj ET Q q 0 0 0 rg BT 348.67 530.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 360.88 530.40 Td (any ) Tj ET Q q 0 0 0 rg BT 375.10 530.40 Td (matter ) Tj ET Q q 0 0 0 rg BT 399.30 530.40 Td (that ) Tj ET Q q 0 0 0 rg BT 414.01 530.40 Td (was ) Tj ET Q q 0 0 0 rg BT 429.23 530.40 Td (either ) Tj ET Q q 0 0 0 rg BT 450.93 530.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.14 530.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 489.85 530.40 Td (of ) Tj ET Q q 0 0 0 rg BT 498.57 530.40 Td (a ) Tj ET Q q 0 0 0 rg BT 503.78 530.40 Td (disagreement, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 519.60 Td (as ) Tj ET Q q 0 0 0 rg BT 45.51 519.60 Td (that ) Tj ET Q q 0 0 0 rg BT 61.02 519.60 Td (term ) Tj ET Q q 0 0 0 rg BT 79.53 519.60 Td (is ) Tj ET Q q 0 0 0 rg BT 87.54 519.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 116.54 519.60 Td (in ) Tj ET Q q 0 0 0 rg BT 125.56 519.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 144.06 519.60 Td (16F\(a\)\(1\)\(iv\) ) Tj ET Q q 0 0 0 rg BT 193.56 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.07 519.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 224.59 519.60 Td (20-F ) Tj ET Q q 0 0 0 rg BT 243.60 519.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.61 519.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.62 519.60 Td (related ) Tj ET Q q 0 0 0 rg BT 298.12 519.60 Td (instructions ) Tj ET Q q 0 0 0 rg BT 342.13 519.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.14 519.60 Td (item ) Tj ET Q q 0 0 0 rg BT 369.15 519.60 Td (16F ) Tj ET Q q 0 0 0 rg BT 385.17 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.68 519.60 Td (form ) Tj ET Q q 0 0 0 rg BT 414.19 519.60 Td (20-F) Tj ET Q q 0 0 0 rg BT 430.47 519.60 Td (, ) Tj ET Q q 0 0 0 rg BT 434.74 519.60 Td (or ) Tj ET Q q 0 0 0 rg BT 444.25 519.60 Td (a ) Tj ET Q q 0 0 0 rg BT 450.26 519.60 Td (reportable ) Tj ET Q q 0 0 0 rg BT 492.74 519.60 Td (event, ) Tj ET Q q 0 0 0 rg BT 520.49 519.60 Td (as ) Tj ET Q q 0 0 0 rg BT 530.00 519.60 Td (that ) Tj ET Q q 0 0 0 rg BT 545.51 519.60 Td (term ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.80 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 508.80 Td (described ) Tj ET Q q 0 0 0 rg BT 80.99 508.80 Td (in ) Tj ET Q q 0 0 0 rg BT 90.24 508.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 108.98 508.80 Td (16F\(a\)\(1\)\(v\) ) Tj ET Q q 0 0 0 rg BT 156.21 508.80 Td (of ) Tj ET Q q 0 0 0 rg BT 165.96 508.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 187.71 508.80 Td (20-F) Tj ET Q q 0 0 0 rg BT 203.99 508.80 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 480.00 Td (ITEM 16G. ) Tj ET Q q 0 0 0 rg BT 108.00 480.00 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 157.81 480.00 Td (TE GOVERNANCE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.20 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 69.20 466.20 Td (to ) Tj ET Q q 0 0 0 rg BT 77.91 466.20 Td (an ) Tj ET Q q 0 0 0 rg BT 88.11 466.20 Td (exception ) Tj ET Q q 0 0 0 rg BT 124.80 466.20 Td (under ) Tj ET Q q 0 0 0 rg BT 146.99 466.20 Td (the ) Tj ET Q q 0 0 0 rg BT 159.69 466.20 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 184.90 466.20 Td (listing ) Tj ET Q q 0 0 0 rg BT 209.11 466.20 Td (standards ) Tj ET Q q 0 0 0 rg BT 244.80 466.20 Td (available ) Tj ET Q q 0 0 0 rg BT 278.99 466.20 Td (to ) Tj ET Q q 0 0 0 rg BT 287.69 466.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 315.38 466.20 Td (private ) Tj ET Q q 0 0 0 rg BT 342.08 466.20 Td (issuers, ) Tj ET Q q 0 0 0 rg BT 370.53 466.20 Td (we ) Tj ET Q q 0 0 0 rg BT 382.73 466.20 Td (are ) Tj ET Q q 0 0 0 rg BT 395.42 466.20 Td (not ) Tj ET Q q 0 0 0 rg BT 408.62 466.20 Td (required ) Tj ET Q q 0 0 0 rg BT 440.31 466.20 Td (to ) Tj ET Q q 0 0 0 rg BT 449.01 466.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 477.71 466.20 Td (with ) Tj ET Q q 0 0 0 rg BT 495.42 466.20 Td (all ) Tj ET Q q 0 0 0 rg BT 506.12 466.20 Td (of ) Tj ET Q q 0 0 0 rg BT 515.32 466.20 Td (the ) Tj ET Q q 0 0 0 rg BT 528.02 466.20 Td (corporate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.40 Td (governance ) Tj ET Q q 0 0 0 rg BT 82.04 455.40 Td (practices ) Tj ET Q q 0 0 0 rg BT 118.57 455.40 Td (followed ) Tj ET Q q 0 0 0 rg BT 155.13 455.40 Td (by ) Tj ET Q q 0 0 0 rg BT 168.69 455.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.25 455.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 232.30 455.40 Td (under ) Tj ET Q q 0 0 0 rg BT 257.35 455.40 Td (the ) Tj ET Q q 0 0 0 rg BT 272.91 455.40 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 300.97 455.40 Td (listing ) Tj ET Q q 0 0 0 rg BT 328.03 455.40 Td (standards, ) Tj ET Q q 0 0 0 rg BT 368.83 455.40 Td (which ) Tj ET Q q 0 0 0 rg BT 395.39 455.40 Td (are ) Tj ET Q q 0 0 0 rg BT 410.94 455.40 Td (available ) Tj ET Q q 0 0 0 rg BT 447.98 455.40 Td (at) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 456.720703125 454.20029296875 m 512.126953125 454.20029296875 l s q 0 0 0 rg BT 456.72 455.40 Td (www) Tj ET Q q 0 0 0 rg BT 475.63 455.40 Td (.nyse.com) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.13 455.40 Td (. ) Tj ET Q q 0 0 0 rg BT 518.94 455.40 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 555.00 455.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 444.60 Td (Section303.A.1) Tj ET Q q 0 0 0 rg BT 93.91 444.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 99.82 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.72 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.12 444.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 146.02 444.60 Td (Listed ) Tj ET Q q 0 0 0 rg BT 169.92 444.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.32 444.60 Td (Manual, ) Tj ET Q q 0 0 0 rg BT 237.47 444.60 Td (we ) Tj ET Q q 0 0 0 rg BT 249.37 444.60 Td (are ) Tj ET Q q 0 0 0 rg BT 261.76 444.60 Td (required ) Tj ET Q q 0 0 0 rg BT 293.15 444.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.55 444.60 Td (list ) Tj ET Q q 0 0 0 rg BT 313.96 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.36 444.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 365.76 444.60 Td (dif) Tj ET Q q 0 0 0 rg BT 375.59 444.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 406.97 444.60 Td (between ) Tj ET Q q 0 0 0 rg BT 438.36 444.60 Td (our ) Tj ET Q q 0 0 0 rg BT 451.76 444.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 487.14 444.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 530.02 444.60 Td (practices ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 433.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 433.80 Td (the ) Tj ET Q q 0 0 0 rg BT 64.49 433.80 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 90.24 433.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 126.48 433.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 165.71 433.80 Td (to ) Tj ET Q q 0 0 0 rg BT 174.96 433.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 196.71 433.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 214.97 433.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 257.95 433.80 Td (Set ) Tj ET Q q 0 0 0 rg BT 271.71 433.80 Td (forth ) Tj ET Q q 0 0 0 rg BT 291.45 433.80 Td (below ) Tj ET Q q 0 0 0 rg BT 315.69 433.80 Td (is ) Tj ET Q q 0 0 0 rg BT 323.95 433.80 Td (a ) Tj ET Q q 0 0 0 rg BT 330.19 433.80 Td (list ) Tj ET Q q 0 0 0 rg BT 343.45 433.80 Td (of ) Tj ET Q q 0 0 0 rg BT 353.19 433.80 Td (those ) Tj ET Q q 0 0 0 rg BT 374.44 433.80 Td (dif) Tj ET Q q 0 0 0 rg BT 384.28 433.80 Td (ferences.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 406.20 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 406.20 Td (Independence ) Tj ET Q q 0 0 0 rg BT 126.59 406.20 Td (of ) Tj ET Q q 0 0 0 rg BT 136.68 406.20 Td (Directors) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 171.17 406.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.42 406.20 Td () Tj ET Q q 0 0 0 rg BT 175.51 406.20 Td (The ) Tj ET Q q 0 0 0 rg BT 192.10 406.20 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 218.19 406.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 249.77 406.20 Td (that ) Tj ET Q q 0 0 0 rg BT 265.86 406.20 Td (a ) Tj ET Q q 0 0 0 rg BT 272.45 406.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 291.05 406.20 Td (listed ) Tj ET Q q 0 0 0 rg BT 313.14 406.20 Td (company ) Tj ET Q q 0 0 0 rg BT 348.72 406.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 382.81 406.20 Td (a ) Tj ET Q q 0 0 0 rg BT 389.40 406.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 422.49 406.20 Td (of ) Tj ET Q q 0 0 0 rg BT 432.58 406.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 479.15 406.20 Td (directors. ) Tj ET Q q 0 0 0 rg BT 514.91 406.20 Td (As ) Tj ET Q q 0 0 0 rg BT 527.51 406.20 Td (permitted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 395.40 Td (under ) Tj ET Q q 0 0 0 rg BT 95.53 395.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 131.57 395.40 Td (law ) Tj ET Q q 0 0 0 rg BT 147.60 395.40 Td (and ) Tj ET Q q 0 0 0 rg BT 163.64 395.40 Td (our ) Tj ET Q q 0 0 0 rg BT 178.68 395.40 Td (Bye-laws, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.96 395.40 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.96 395.40 Td ( ) Tj ET Q q 0 0 0 rg BT 236.00 395.40 Td (of ) Tj ET Q q 0 0 0 rg BT 246.54 395.40 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.58 395.40 Td (six) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.08 395.40 Td ( ) Tj ET Q q 0 0 0 rg BT 275.12 395.40 Td (members ) Tj ET Q q 0 0 0 rg BT 311.15 395.40 Td (of ) Tj ET Q q 0 0 0 rg BT 321.69 395.40 Td (our ) Tj ET Q q 0 0 0 rg BT 336.73 395.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 361.77 395.40 Td (of ) Tj ET Q q 0 0 0 rg BT 372.31 395.40 Td (Directors ) Tj ET Q q 0 0 0 rg BT 408.83 395.40 Td (are ) Tj ET Q q 0 0 0 rg BT 422.86 395.40 Td (independent ) Tj ET Q q 0 0 0 rg BT 469.89 395.40 Td (according ) Tj ET Q q 0 0 0 rg BT 508.41 395.40 Td (to ) Tj ET Q q 0 0 0 rg BT 518.46 395.40 Td (the ) Tj ET Q q 0 0 0 rg BT 532.49 395.40 Td (NYSE) Tj ET Q q 0 0 0 rg BT 558.50 395.40 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 384.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 108.24 384.60 Td (for ) Tj ET Q q 0 0 0 rg BT 120.99 384.60 Td (independence ) Tj ET Q q 0 0 0 rg BT 172.71 384.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 211.94 384.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.19 384.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.43 384.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 255.67 384.60 Td (private ) Tj ET Q q 0 0 0 rg BT 282.91 384.60 Td (issuer) Tj ET Q q 0 0 0 rg BT 303.41 384.60 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 357.00 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 357.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 128.02 357.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 170.51 357.00 Td (and ) Tj ET Q q 0 0 0 rg BT 187.02 357.00 Td (Nominating/Corporate ) Tj ET Q q 0 0 0 rg BT 274.04 357.00 Td (Governance ) Tj ET Q q 0 0 0 rg BT 321.53 357.00 Td (Committee) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.53 357.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.03 357.00 Td (The ) Tj ET Q q 0 0 0 rg BT 382.52 357.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 408.53 357.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 440.02 357.00 Td (that ) Tj ET Q q 0 0 0 rg BT 456.02 357.00 Td (a ) Tj ET Q q 0 0 0 rg BT 462.51 357.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 484.52 357.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 503.02 357.00 Td (company ) Tj ET Q q 0 0 0 rg BT 538.52 357.00 Td (have ) Tj ET Q q 0 0 0 rg BT 558.01 357.00 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 346.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 123.97 346.20 Td (committee ) Tj ET Q q 0 0 0 rg BT 163.93 346.20 Td (and ) Tj ET Q q 0 0 0 rg BT 178.90 346.20 Td (a ) Tj ET Q q 0 0 0 rg BT 184.87 346.20 Td (nominating/corporate ) Tj ET Q q 0 0 0 rg BT 264.33 346.20 Td (governance ) Tj ET Q q 0 0 0 rg BT 307.78 346.20 Td (committee ) Tj ET Q q 0 0 0 rg BT 347.74 346.20 Td (of ) Tj ET Q q 0 0 0 rg BT 357.22 346.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 403.18 346.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 436.65 346.20 Td (and ) Tj ET Q q 0 0 0 rg BT 451.62 346.20 Td (a ) Tj ET Q q 0 0 0 rg BT 457.59 346.20 Td (committee ) Tj ET Q q 0 0 0 rg BT 497.55 346.20 Td (charter ) Tj ET Q q 0 0 0 rg BT 524.51 346.20 Td (specifying ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 335.40 Td (the ) Tj ET Q q 0 0 0 rg BT 85.14 335.40 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 118.03 335.40 Td (duties ) Tj ET Q q 0 0 0 rg BT 141.67 335.40 Td (and ) Tj ET Q q 0 0 0 rg BT 156.81 335.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 196.44 335.40 Td (procedures ) Tj ET Q q 0 0 0 rg BT 238.06 335.40 Td (of ) Tj ET Q q 0 0 0 rg BT 247.70 335.40 Td (the ) Tj ET Q q 0 0 0 rg BT 260.84 335.40 Td (committee. ) Tj ET Q q 0 0 0 rg BT 302.75 335.40 Td (As ) Tj ET Q q 0 0 0 rg BT 314.89 335.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 351.52 335.40 Td (under ) Tj ET Q q 0 0 0 rg BT 374.16 335.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 409.29 335.40 Td (law ) Tj ET Q q 0 0 0 rg BT 424.43 335.40 Td (and ) Tj ET Q q 0 0 0 rg BT 439.57 335.40 Td (our ) Tj ET Q q 0 0 0 rg BT 453.71 335.40 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 492.09 335.40 Td (we ) Tj ET Q q 0 0 0 rg BT 504.73 335.40 Td (do ) Tj ET Q q 0 0 0 rg BT 515.87 335.40 Td (not ) Tj ET Q q 0 0 0 rg BT 529.52 335.40 Td (currently ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 324.60 Td (have ) Tj ET Q q 0 0 0 rg BT 91.24 324.60 Td (a ) Tj ET Q q 0 0 0 rg BT 97.48 324.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 149.72 324.60 Td (committee ) Tj ET Q q 0 0 0 rg BT 189.96 324.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.71 324.60 Td (nominating ) Tj ET Q q 0 0 0 rg BT 242.95 324.60 Td (or ) Tj ET Q q 0 0 0 rg BT 252.70 324.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 288.93 324.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 332.65 324.60 Td (committee.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 297.00 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 297.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 110.86 297.00 Td (Sessions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 142.37 297.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.62 297.00 Td () Tj ET Q q 0 0 0 rg BT 146.71 297.00 Td (The ) Tj ET Q q 0 0 0 rg BT 163.07 297.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 188.95 297.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 220.31 297.00 Td (that ) Tj ET Q q 0 0 0 rg BT 236.17 297.00 Td (non-management ) Tj ET Q q 0 0 0 rg BT 301.02 297.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 334.88 297.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 354.75 297.00 Td (regularly ) Tj ET Q q 0 0 0 rg BT 389.60 297.00 Td (in ) Tj ET Q q 0 0 0 rg BT 398.97 297.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 435.83 297.00 Td (sessions ) Tj ET Q q 0 0 0 rg BT 467.70 297.00 Td (without ) Tj ET Q q 0 0 0 rg BT 497.58 297.00 Td (management. ) Tj ET Q q 0 0 0 rg BT 548.01 297.00 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 286.20 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 97.63 286.20 Td (also ) Tj ET Q q 0 0 0 rg BT 114.26 286.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 145.38 286.20 Td (that ) Tj ET Q q 0 0 0 rg BT 161.01 286.20 Td (all ) Tj ET Q q 0 0 0 rg BT 172.13 286.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 218.25 286.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 251.87 286.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 271.49 286.20 Td (in ) Tj ET Q q 0 0 0 rg BT 280.62 286.20 Td (an ) Tj ET Q q 0 0 0 rg BT 291.25 286.20 Td (executive ) Tj ET Q q 0 0 0 rg BT 327.86 286.20 Td (session ) Tj ET Q q 0 0 0 rg BT 355.99 286.20 Td (at ) Tj ET Q q 0 0 0 rg BT 364.62 286.20 Td (least ) Tj ET Q q 0 0 0 rg BT 383.24 286.20 Td (once ) Tj ET Q q 0 0 0 rg BT 402.36 286.20 Td (a ) Tj ET Q q 0 0 0 rg BT 408.49 286.20 Td (year) Tj ET Q q 0 0 0 rg BT 423.48 286.20 Td (. ) Tj ET Q q 0 0 0 rg BT 427.39 286.20 Td (As ) Tj ET Q q 0 0 0 rg BT 439.52 286.20 Td (permitted ) Tj ET Q q 0 0 0 rg BT 476.14 286.20 Td (under ) Tj ET Q q 0 0 0 rg BT 498.77 286.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 533.89 286.20 Td (law ) Tj ET Q q 0 0 0 rg BT 549.01 286.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 275.40 Td (our ) Tj ET Q q 0 0 0 rg BT 86.44 275.40 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 125.11 275.40 Td (our ) Tj ET Q q 0 0 0 rg BT 139.55 275.40 Td (non-management ) Tj ET Q q 0 0 0 rg BT 204.46 275.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 238.39 275.40 Td (do ) Tj ET Q q 0 0 0 rg BT 249.83 275.40 Td (not ) Tj ET Q q 0 0 0 rg BT 263.77 275.40 Td (regularly ) Tj ET Q q 0 0 0 rg BT 298.69 275.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 317.13 275.40 Td (executive ) Tj ET Q q 0 0 0 rg BT 354.04 275.40 Td (sessions ) Tj ET Q q 0 0 0 rg BT 385.99 275.40 Td (without ) Tj ET Q q 0 0 0 rg BT 415.93 275.40 Td (management ) Tj ET Q q 0 0 0 rg BT 464.34 275.40 Td (and ) Tj ET Q q 0 0 0 rg BT 479.78 275.40 Td (we ) Tj ET Q q 0 0 0 rg BT 492.71 275.40 Td (do ) Tj ET Q q 0 0 0 rg BT 504.15 275.40 Td (not ) Tj ET Q q 0 0 0 rg BT 518.09 275.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 544.01 275.40 Td (them ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 264.60 Td (to ) Tj ET Q q 0 0 0 rg BT 81.25 264.60 Td (do ) Tj ET Q q 0 0 0 rg BT 92.50 264.60 Td (so ) Tj ET Q q 0 0 0 rg BT 102.75 264.60 Td (in ) Tj ET Q q 0 0 0 rg BT 112.00 264.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.25 264.60 Td (future.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 237.00 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 237.00 Td (Audit ) Tj ET Q q 0 0 0 rg BT 94.57 237.00 Td (Committee.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.82 237.00 Td () Tj ET Q q 0 0 0 rg BT 138.90 237.00 Td (The ) Tj ET Q q 0 0 0 rg BT 154.96 237.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 180.53 237.00 Td (requires, ) Tj ET Q q 0 0 0 rg BT 213.83 237.00 Td (among ) Tj ET Q q 0 0 0 rg BT 240.38 237.00 Td (other ) Tj ET Q q 0 0 0 rg BT 260.94 237.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 287.26 237.00 Td (that ) Tj ET Q q 0 0 0 rg BT 302.82 237.00 Td (a ) Tj ET Q q 0 0 0 rg BT 308.87 237.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 330.44 237.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 348.50 237.00 Td (company ) Tj ET Q q 0 0 0 rg BT 383.56 237.00 Td (have ) Tj ET Q q 0 0 0 rg BT 402.61 237.00 Td (an ) Tj ET Q q 0 0 0 rg BT 413.17 237.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 433.23 237.00 Td (committee ) Tj ET Q q 0 0 0 rg BT 473.28 237.00 Td (with ) Tj ET Q q 0 0 0 rg BT 491.34 237.00 Td (a ) Tj ET Q q 0 0 0 rg BT 497.40 237.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 534.47 237.00 Td (of ) Tj ET Q q 0 0 0 rg BT 544.03 237.00 Td (three ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 226.20 Td (members. ) Tj ET Q q 0 0 0 rg BT 109.12 226.20 Td (As ) Tj ET Q q 0 0 0 rg BT 121.53 226.20 Td (permitted ) Tj ET Q q 0 0 0 rg BT 158.43 226.20 Td (by ) Tj ET Q q 0 0 0 rg BT 169.83 226.20 Td (Rule ) Tj ET Q q 0 0 0 rg BT 189.24 226.20 Td (10A-3 ) Tj ET Q q 0 0 0 rg BT 214.65 226.20 Td (under ) Tj ET Q q 0 0 0 rg BT 237.55 226.20 Td (the ) Tj ET Q q 0 0 0 rg BT 250.95 226.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 288.31 226.20 Td (Act, ) Tj ET Q q 0 0 0 rg BT 305.97 226.20 Td (our ) Tj ET Q q 0 0 0 rg BT 320.37 226.20 Td (audit ) Tj ET Q q 0 0 0 rg BT 340.78 226.20 Td (committee ) Tj ET Q q 0 0 0 rg BT 381.17 226.20 Td (consists ) Tj ET Q q 0 0 0 rg BT 412.08 226.20 Td (of ) Tj ET Q q 0 0 0 rg BT 421.99 226.20 Td (one ) Tj ET Q q 0 0 0 rg BT 437.39 226.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 483.79 226.20 Td (member ) Tj ET Q q 0 0 0 rg BT 515.69 226.20 Td (of ) Tj ET Q q 0 0 0 rg BT 525.59 226.20 Td (our ) Tj ET Q q 0 0 0 rg BT 540.00 226.20 Td (Board ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 215.40 Td (of ) Tj ET Q q 0 0 0 rg BT 81.44 215.40 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 119.13 215.40 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 152.57 215.40 Td (to ) Tj ET Q q 0 0 0 rg BT 161.52 215.40 Td (our ) Tj ET Q q 0 0 0 rg BT 175.46 215.40 Td (audit ) Tj ET Q q 0 0 0 rg BT 195.40 215.40 Td (committee ) Tj ET Q q 0 0 0 rg BT 235.33 215.40 Td (charter) Tj ET Q q 0 0 0 rg BT 259.95 215.40 Td (, ) Tj ET Q q 0 0 0 rg BT 264.15 215.40 Td (the ) Tj ET Q q 0 0 0 rg BT 277.09 215.40 Td (audit ) Tj ET Q q 0 0 0 rg BT 297.03 215.40 Td (committee ) Tj ET Q q 0 0 0 rg BT 336.96 215.40 Td (confers ) Tj ET Q q 0 0 0 rg BT 365.39 215.40 Td (with ) Tj ET Q q 0 0 0 rg BT 383.34 215.40 Td (our ) Tj ET Q q 0 0 0 rg BT 397.28 215.40 Td (independent ) Tj ET Q q 0 0 0 rg BT 443.21 215.40 Td (registered ) Tj ET Q q 0 0 0 rg BT 480.64 215.40 Td (public ) Tj ET Q q 0 0 0 rg BT 505.08 215.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 546.51 215.40 Td (firm ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 204.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.70 204.60 Td (reviews, ) Tj ET Q q 0 0 0 rg BT 120.64 204.60 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 156.83 204.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.52 204.60 Td (advises ) Tj ET Q q 0 0 0 rg BT 201.72 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.42 204.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 240.12 204.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.32 204.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 286.51 204.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 329.20 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.89 204.60 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 379.58 204.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.78 204.60 Td (our ) Tj ET Q q 0 0 0 rg BT 404.48 204.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 446.67 204.60 Td (systems, ) Tj ET Q q 0 0 0 rg BT 480.12 204.60 Td (our ) Tj ET Q q 0 0 0 rg BT 494.82 204.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.01 204.60 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 193.80 Td (practices, ) Tj ET Q q 0 0 0 rg BT 108.65 193.80 Td (the ) Tj ET Q q 0 0 0 rg BT 122.07 193.80 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 169.97 193.80 Td (of ) Tj ET Q q 0 0 0 rg BT 179.90 193.80 Td (our ) Tj ET Q q 0 0 0 rg BT 194.32 193.80 Td (books ) Tj ET Q q 0 0 0 rg BT 218.24 193.80 Td (and ) Tj ET Q q 0 0 0 rg BT 233.66 193.80 Td (records ) Tj ET Q q 0 0 0 rg BT 262.57 193.80 Td (and ) Tj ET Q q 0 0 0 rg BT 277.99 193.80 Td (our ) Tj ET Q q 0 0 0 rg BT 292.42 193.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 322.33 193.80 Td (controls. ) Tj ET Q q 0 0 0 rg BT 356.00 193.80 Td (In ) Tj ET Q q 0 0 0 rg BT 365.92 193.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 400.09 193.80 Td (the ) Tj ET Q q 0 0 0 rg BT 413.51 193.80 Td (audit ) Tj ET Q q 0 0 0 rg BT 433.93 193.80 Td (committee ) Tj ET Q q 0 0 0 rg BT 474.34 193.80 Td (reviews ) Tj ET Q q 0 0 0 rg BT 504.76 193.80 Td (the ) Tj ET Q q 0 0 0 rg BT 518.18 193.80 Td (scope ) Tj ET Q q 0 0 0 rg BT 541.09 193.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.01 193.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 183.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 92.25 183.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.99 183.00 Td (our ) Tj ET Q q 0 0 0 rg BT 116.24 183.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.97 183.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 190.21 183.00 Td (and ) Tj ET Q q 0 0 0 rg BT 205.46 183.00 Td (results ) Tj ET Q q 0 0 0 rg BT 231.21 183.00 Td (thereof.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 155.40 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 155.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 112.69 155.40 Td (Governance ) Tj ET Q q 0 0 0 rg BT 160.86 155.40 Td (Guidelines) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 200.87 155.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.37 155.40 Td (The ) Tj ET Q q 0 0 0 rg BT 222.54 155.40 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 249.23 155.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 281.40 155.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 300.59 155.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 342.27 155.40 Td (to ) Tj ET Q q 0 0 0 rg BT 352.45 155.40 Td (adopt ) Tj ET Q q 0 0 0 rg BT 375.63 155.40 Td (and ) Tj ET Q q 0 0 0 rg BT 391.81 155.40 Td (disclose ) Tj ET Q q 0 0 0 rg BT 423.99 155.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 461.15 155.40 Td (governance ) Tj ET Q q 0 0 0 rg BT 505.82 155.40 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 548.01 155.40 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 144.60 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 110.82 144.60 Td (must ) Tj ET Q q 0 0 0 rg BT 130.15 144.60 Td (address, ) Tj ET Q q 0 0 0 rg BT 161.22 144.60 Td (among ) Tj ET Q q 0 0 0 rg BT 187.54 144.60 Td (other ) Tj ET Q q 0 0 0 rg BT 207.86 144.60 Td (things: ) Tj ET Q q 0 0 0 rg BT 234.19 144.60 Td (director ) Tj ET Q q 0 0 0 rg BT 264.00 144.60 Td (qualification ) Tj ET Q q 0 0 0 rg BT 311.31 144.60 Td (standards, ) Tj ET Q q 0 0 0 rg BT 349.37 144.60 Td (director ) Tj ET Q q 0 0 0 rg BT 379.18 144.60 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 437.76 144.60 Td (director ) Tj ET Q q 0 0 0 rg BT 467.57 144.60 Td (access ) Tj ET Q q 0 0 0 rg BT 492.38 144.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.20 144.60 Td (management ) Tj ET Q q 0 0 0 rg BT 549.01 144.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 133.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 119.71 133.80 Td (advisers, ) Tj ET Q q 0 0 0 rg BT 155.17 133.80 Td (director ) Tj ET Q q 0 0 0 rg BT 186.88 133.80 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 242.84 133.80 Td (director ) Tj ET Q q 0 0 0 rg BT 274.55 133.80 Td (orientation ) Tj ET Q q 0 0 0 rg BT 317.26 133.80 Td (and ) Tj ET Q q 0 0 0 rg BT 333.98 133.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 376.20 133.80 Td (education, ) Tj ET Q q 0 0 0 rg BT 417.16 133.80 Td (management ) Tj ET Q q 0 0 0 rg BT 466.86 133.80 Td (succession ) Tj ET Q q 0 0 0 rg BT 509.07 133.80 Td (and ) Tj ET Q q 0 0 0 rg BT 525.79 133.80 Td (an ) Tj ET Q q 0 0 0 rg BT 538.01 133.80 Td (annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 123.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 119.72 123.00 Td (evaluation. ) Tj ET Q q 0 0 0 rg BT 161.54 123.00 Td (W) Tj ET Q q 0 0 0 rg BT 169.32 123.00 Td (e ) Tj ET Q q 0 0 0 rg BT 175.56 123.00 Td (are ) Tj ET Q q 0 0 0 rg BT 188.80 123.00 Td (not ) Tj ET Q q 0 0 0 rg BT 202.55 123.00 Td (required ) Tj ET Q q 0 0 0 rg BT 234.78 123.00 Td (to ) Tj ET Q q 0 0 0 rg BT 244.03 123.00 Td (adopt ) Tj ET Q q 0 0 0 rg BT 266.28 123.00 Td (such ) Tj ET Q q 0 0 0 rg BT 285.02 123.00 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 324.27 123.00 Td (under ) Tj ET Q q 0 0 0 rg BT 347.01 123.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 382.25 123.00 Td (law ) Tj ET Q q 0 0 0 rg BT 397.49 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 412.74 123.00 Td (we ) Tj ET Q q 0 0 0 rg BT 425.48 123.00 Td (have ) Tj ET Q q 0 0 0 rg BT 444.72 123.00 Td (not ) Tj ET Q q 0 0 0 rg BT 458.47 123.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 489.21 123.00 Td (such ) Tj ET Q q 0 0 0 rg BT 507.96 123.00 Td (guidelines.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 95.40 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 95.40 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 95.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 78.25 95.40 Td (that ) Tj ET Q q 0 0 0 rg BT 94.00 95.40 Td (our ) Tj ET Q q 0 0 0 rg BT 108.25 95.40 Td (established ) Tj ET Q q 0 0 0 rg BT 150.49 95.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 186.71 95.40 Td (governance ) Tj ET Q q 0 0 0 rg BT 230.44 95.40 Td (practices ) Tj ET Q q 0 0 0 rg BT 264.67 95.40 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 290.42 95.40 Td (the ) Tj ET Q q 0 0 0 rg BT 303.66 95.40 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 329.41 95.40 Td (listing ) Tj ET Q q 0 0 0 rg BT 354.17 95.40 Td (standards.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 66.60 Td (ITEM 16H. ) Tj ET Q q 0 0 0 rg BT 108.00 66.60 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 176.80 66.60 Td ( DISCLOSURE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 52.80 Td (Not ) Tj ET Q q 0 0 0 rg BT 51.75 52.80 Td (applicable.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 32.30 Td (69) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 281.90 725.40 Td (P) Tj ET Q q 0 0 0 rg BT 288.34 725.40 Td (AR) Tj ET Q q 0 0 0 rg BT 305.25 725.40 Td (T) Tj ET Q q 0 0 0 rg BT 313.04 725.40 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 710.40 Td (ITEM 17. ) Tj ET Q q 0 0 0 rg BT 108.00 710.40 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 164.12 710.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 178.11 710.40 Td (A) Tj ET Q q 0 0 0 rg BT 184.59 710.40 Td (TEMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 682.80 Td (See ) Tj ET Q q 0 0 0 rg BT 51.24 682.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 73.98 682.80 Td (18. ) Tj ET Q q 0 0 0 rg BT 87.48 682.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 123.22 682.80 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 654.00 Td (ITEM 18. ) Tj ET Q q 0 0 0 rg BT 108.00 654.00 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 164.12 654.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 178.11 654.00 Td (A) Tj ET Q q 0 0 0 rg BT 184.59 654.00 Td (TEMENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 626.40 Td (The ) Tj ET Q q 0 0 0 rg BT 51.79 626.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 85.08 626.40 Td (statements, ) Tj ET Q q 0 0 0 rg BT 127.12 626.40 Td (together ) Tj ET Q q 0 0 0 rg BT 158.41 626.40 Td (with ) Tj ET Q q 0 0 0 rg BT 176.21 626.40 Td (the ) Tj ET Q q 0 0 0 rg BT 189.01 626.40 Td (reports ) Tj ET Q q 0 0 0 rg BT 215.80 626.40 Td (from ) Tj ET Q q 0 0 0 rg BT 235.10 626.40 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 326.37 626.40 Td (LLP) Tj ET Q q 0 0 0 rg BT 342.04 626.40 Td ( ) Tj ET Q q 0 0 0 rg BT 343.84 626.40 Td (and ) Tj ET Q q 0 0 0 rg BT 358.64 626.40 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 449.51 626.40 Td (AS ) Tj ET Q q 0 0 0 rg BT 462.82 626.40 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 493.86 626.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 531.66 626.40 Td (on ) Tj ET Q q 0 0 0 rg BT 542.46 626.40 Td (page ) Tj ET Q q 0 0 0 rg BT 561.25 626.40 Td (F-1, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 615.60 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 615.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 67.98 615.60 Td (as ) Tj ET Q q 0 0 0 rg BT 77.73 615.60 Td (a ) Tj ET Q q 0 0 0 rg BT 83.97 615.60 Td (part ) Tj ET Q q 0 0 0 rg BT 100.21 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.96 615.60 Td (this ) Tj ET Q q 0 0 0 rg BT 124.72 615.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 153.46 615.60 Td (Report.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.50 25.30 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (ITEM 19. ) Tj ET Q q 0 0 0 rg BT 108.00 749.25 Td (EXHIBITS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 712.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 712.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 684.75 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 684.75 487.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 647.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 647.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 619.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 619.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 591.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 591.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 563.75 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 563.75 487.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 526.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 526.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 489.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 489.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 461.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 461.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 424.75 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 424.75 487.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 369.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 369.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 341.75 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 341.75 487.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 295.75 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 295.75 487.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 249.75 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 249.75 487.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 212.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 212.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 184.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 184.75 487.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 156.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 156.75 487.00 -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 36.5 712.75 m 79.5 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79.5 712.75 m 566.5 712.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.20 727.15 Td (Exhibit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 41.55 718.15 Td (Number) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.25 727.15 Td (Description) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 704.01 Td (1.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 704.01 Td (Memorandum of ) Tj ET Q q 0 0 0 rg BT 144.49 704.01 Td (Association of North ) Tj ET Q q 0 0 0 rg BT 221.73 704.01 Td (Atlantic Drilling Ltd.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 298.47 708.09 Td ( \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 690.01 Td (1.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 690.01 Td (Amended and Restated Bye-laws of North ) Tj ET Q q 0 0 0 rg BT 236.46 690.01 Td (Atlantic Drilling Ltd. ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 315.45 694.09 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 676.01 Td (1.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 676.01 Td (Certificate of Deposit of Memorandum of Reduction of Share Capital of North Atlantic Drilling Ltd. dated December 31, 2015, and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 667.01 Td (Certificate of Deposit of Memorandum of Issued Share Capital of North Atlantic Drilling Ltd. dated December 31, 2015.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 653.01 Td (2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 653.01 Td (Form of Common Stock Certificate ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 212.23 657.09 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 639.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 639.01 Td (Equity Compensation Plan ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 180.75 643.09 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 625.01 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 625.01 Td (Restricted Stock Unit Plan ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 179.99 629.09 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 611.01 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 611.01 Td (General Management ) Tj ET Q q 0 0 0 rg BT 161.47 611.01 Td (Agreement between North ) Tj ET Q q 0 0 0 rg BT 258.68 611.01 Td (Atlantic Drilling Ltd. and North ) Tj ET Q q 0 0 0 rg BT 375.66 611.01 Td (Atlantic Management ) Tj ET Q q 0 0 0 rg BT 455.64 611.01 Td (AS ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 469.40 615.09 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 597.01 Td (4.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 597.01 Td (Services ) Tj ET Q q 0 0 0 rg BT 114.24 597.01 Td (Agreement between North ) Tj ET Q q 0 0 0 rg BT 211.46 597.01 Td (Atlantic Management ) Tj ET Q q 0 0 0 rg BT 291.43 597.01 Td (AS and Seadrill Management ) Tj ET Q q 0 0 0 rg BT 399.41 597.01 Td (AS ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 413.17 601.09 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 583.01 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 583.01 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 128.24 583.01 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 170.48 587.09 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 569.01 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 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Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.15 730.50 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 191.61 730.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.39 730.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 283.52 730.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 378.53 730.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 395.32 730.50 Td (A) Tj ET Q q 0 0 0 rg BT 403.09 730.50 Td (TEMENTS) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 693.26005859375 m 256.46337890625 693.26005859375 l s q 0 0 1 rg BT 39.00 694.46 Td (Reports of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 191.22 694.46 Td (Accounting Firms) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 670.26005859375 m 378.1611328125 670.26005859375 l s q 0 0 1 rg BT 39.00 671.46 Td (Consolidated Statement of Operations for the years ended December 31, 2015, 2014 and 2013) Tj ET Q 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(standards ) Tj ET Q q 0 0 0 rg BT 146.67 597.55 Td (of ) Tj ET Q q 0 0 0 rg BT 156.47 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 169.77 597.55 Td (Public ) Tj ET Q q 0 0 0 rg BT 195.07 597.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.86 597.55 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 276.16 597.55 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 313.96 597.55 Td (Board ) Tj ET Q q 0 0 0 rg BT 338.25 597.55 Td (\(United ) Tj ET Q q 0 0 0 rg BT 368.05 597.55 Td (States\). ) Tj ET Q q 0 0 0 rg BT 396.93 597.55 Td (Those ) Tj ET Q q 0 0 0 rg BT 421.23 597.55 Td (standards ) Tj ET Q q 0 0 0 rg BT 457.53 597.55 Td (require ) Tj ET Q q 0 0 0 rg BT 485.31 597.55 Td (that ) Tj ET Q q 0 0 0 rg BT 501.11 597.55 Td (we ) Tj ET Q q 0 0 0 rg BT 513.91 597.55 Td (plan ) Tj ET Q q 0 0 0 rg BT 531.71 597.55 Td (and ) Tj ET Q q 0 0 0 rg BT 547.01 597.55 Td (perform ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 49.14 586.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 69.28 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 78.42 586.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 103.06 586.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 143.69 586.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 180.81 586.75 Td (about ) Tj ET Q q 0 0 0 rg BT 202.95 586.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 234.08 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 247.22 586.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.85 586.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 320.99 586.75 Td (are ) Tj ET Q q 0 0 0 rg BT 334.12 586.75 Td (free ) Tj ET Q q 0 0 0 rg BT 350.24 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.89 586.75 Td (material ) Tj ET Q q 0 0 0 rg BT 391.51 586.75 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 441.15 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.29 586.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 487.42 586.75 Td (ef) Tj ET Q q 0 0 0 rg BT 494.25 586.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 520.88 586.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 550.51 586.75 Td (control ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 575.95 Td (over ) Tj ET Q q 0 0 0 rg BT 54.85 575.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.18 575.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 125.03 575.95 Td (was ) Tj ET Q q 0 0 0 rg BT 141.88 575.95 Td (maintained ) Tj ET Q q 0 0 0 rg BT 184.72 575.95 Td (in ) Tj ET Q q 0 0 0 rg BT 194.57 575.95 Td (all ) Tj ET Q q 0 0 0 rg BT 206.42 575.95 Td (material ) Tj ET Q q 0 0 0 rg BT 238.76 575.95 Td (respects. ) Tj ET Q q 0 0 0 rg BT 272.85 575.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 289.70 575.95 Td (audit ) Tj ET Q q 0 0 0 rg BT 310.55 575.95 Td (of ) Tj ET Q q 0 0 0 rg BT 320.90 575.95 Td (the ) Tj ET Q q 0 0 0 rg BT 334.75 575.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 369.09 575.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.94 575.95 Td (included ) Tj ET Q q 0 0 0 rg BT 443.78 575.95 Td (examining, ) Tj ET Q q 0 0 0 rg BT 486.88 575.95 Td (on ) Tj ET Q q 0 0 0 rg BT 498.73 575.95 Td (a ) Tj ET Q q 0 0 0 rg BT 505.58 575.95 Td (test ) Tj ET Q q 0 0 0 rg BT 520.93 575.95 Td (basis, ) Tj ET Q q 0 0 0 rg BT 544.04 575.95 Td (evidence ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 565.15 Td (supporting ) Tj ET Q q 0 0 0 rg BT 78.30 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 93.09 565.15 Td (amounts ) Tj ET Q q 0 0 0 rg BT 127.39 565.15 Td (and ) Tj ET Q q 0 0 0 rg BT 144.18 565.15 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 187.97 565.15 Td (in ) Tj ET Q q 0 0 0 rg BT 198.77 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 213.57 565.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.85 565.15 Td (statements, ) Tj ET Q q 0 0 0 rg BT 292.89 565.15 Td (assessing ) Tj ET Q q 0 0 0 rg BT 330.18 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 344.98 565.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 388.26 565.15 Td (principles ) Tj ET Q q 0 0 0 rg BT 427.55 565.15 Td (used ) Tj ET Q q 0 0 0 rg BT 447.85 565.15 Td (and ) Tj ET Q q 0 0 0 rg BT 464.64 565.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 506.43 565.15 Td (estimates ) Tj ET Q q 0 0 0 rg BT 543.72 565.15 Td (made ) Tj ET Q q 0 0 0 rg BT 567.00 565.15 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 554.35 Td (management, ) Tj ET Q q 0 0 0 rg BT 86.82 554.35 Td (and ) Tj ET Q q 0 0 0 rg BT 102.41 554.35 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 142.49 554.35 Td (the ) Tj ET Q q 0 0 0 rg BT 156.08 554.35 Td (overall ) Tj ET Q q 0 0 0 rg BT 183.66 554.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.74 554.35 Td (statement ) Tj ET Q q 0 0 0 rg BT 254.82 554.35 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 303.65 554.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 320.24 554.35 Td (audit ) Tj ET Q q 0 0 0 rg BT 340.83 554.35 Td (of ) Tj ET Q q 0 0 0 rg BT 350.92 554.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 381.00 554.35 Td (control ) Tj ET Q q 0 0 0 rg BT 409.09 554.35 Td (over ) Tj ET Q q 0 0 0 rg BT 427.67 554.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.75 554.35 Td (reporting ) Tj ET Q q 0 0 0 rg BT 497.33 554.35 Td (included ) Tj ET Q q 0 0 0 rg BT 530.92 554.35 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 567.51 554.35 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 543.55 Td (understanding ) Tj ET Q q 0 0 0 rg BT 89.31 543.55 Td (of ) Tj ET Q q 0 0 0 rg BT 99.12 543.55 Td (internal ) Tj ET Q q 0 0 0 rg BT 128.93 543.55 Td (control ) Tj ET Q q 0 0 0 rg BT 156.73 543.55 Td (over ) Tj ET Q q 0 0 0 rg BT 175.04 543.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.84 543.55 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 246.40 543.55 Td (assessing ) Tj ET Q q 0 0 0 rg BT 282.22 543.55 Td (the ) Tj ET Q q 0 0 0 rg BT 295.53 543.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 311.34 543.55 Td (that ) Tj ET Q q 0 0 0 rg BT 327.16 543.55 Td (a ) Tj ET Q q 0 0 0 rg BT 333.47 543.55 Td (material ) Tj ET Q q 0 0 0 rg BT 365.27 543.55 Td (weakness ) Tj ET Q q 0 0 0 rg BT 402.07 543.55 Td (exists, ) Tj ET Q q 0 0 0 rg BT 427.14 543.55 Td (and ) Tj ET Q q 0 0 0 rg BT 442.45 543.55 Td (testing ) Tj ET Q q 0 0 0 rg BT 468.77 543.55 Td (and ) Tj ET Q q 0 0 0 rg BT 484.08 543.55 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 523.88 543.55 Td (the ) Tj ET Q q 0 0 0 rg BT 537.19 543.55 Td (design ) Tj ET Q q 0 0 0 rg BT 563.01 543.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 532.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 73.12 532.75 Td (ef) Tj ET Q q 0 0 0 rg BT 79.95 532.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 123.06 532.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.68 532.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 164.30 532.75 Td (control ) Tj ET Q q 0 0 0 rg BT 192.92 532.75 Td (based ) Tj ET Q q 0 0 0 rg BT 216.54 532.75 Td (on ) Tj ET Q q 0 0 0 rg BT 228.67 532.75 Td (the ) Tj ET Q q 0 0 0 rg BT 242.79 532.75 Td (assessed ) Tj ET Q q 0 0 0 rg BT 276.42 532.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 295.29 532.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 312.42 532.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 333.54 532.75 Td (also ) Tj ET Q q 0 0 0 rg BT 351.17 532.75 Td (included ) Tj ET Q q 0 0 0 rg BT 385.29 532.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 428.91 532.75 Td (such ) Tj ET Q q 0 0 0 rg BT 448.53 532.75 Td (other ) Tj ET Q q 0 0 0 rg BT 470.15 532.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 512.76 532.75 Td (as ) Tj ET Q q 0 0 0 rg BT 523.39 532.75 Td (we ) Tj ET Q q 0 0 0 rg BT 537.01 532.75 Td (considered ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 521.95 Td (necessary ) Tj ET Q q 0 0 0 rg BT 73.23 521.95 Td (in ) Tj ET Q q 0 0 0 rg BT 82.48 521.95 Td (the ) Tj ET Q q 0 0 0 rg BT 95.73 521.95 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 151.04 521.95 Td (W) Tj ET Q q 0 0 0 rg BT 158.81 521.95 Td (e ) Tj ET Q q 0 0 0 rg BT 165.06 521.95 Td (believe ) Tj ET Q q 0 0 0 rg BT 193.29 521.95 Td (that ) Tj ET Q q 0 0 0 rg BT 209.04 521.95 Td (our ) Tj ET Q q 0 0 0 rg BT 223.29 521.95 Td (audit ) Tj ET Q q 0 0 0 rg BT 243.53 521.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 276.78 521.95 Td (a ) Tj ET Q q 0 0 0 rg BT 283.02 521.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 323.75 521.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 344.00 521.95 Td (for ) Tj ET Q q 0 0 0 rg BT 356.74 521.95 Td (our ) Tj ET Q q 0 0 0 rg BT 370.99 521.95 Td (opinions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 494.35 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 494.35 Td ( ) Tj ET Q q 0 0 0 rg BT 43.61 494.35 Td (company) Tj ET Q q 0 0 0 rg BT 79.10 494.35 Td (s ) Tj ET Q q 0 0 0 rg BT 84.21 494.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 113.31 494.35 Td (control ) Tj ET Q q 0 0 0 rg BT 140.41 494.35 Td (over ) Tj ET Q q 0 0 0 rg BT 158.01 494.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.11 494.35 Td (reporting ) Tj ET Q q 0 0 0 rg BT 225.71 494.35 Td (is ) Tj ET Q q 0 0 0 rg BT 233.32 494.35 Td (a ) Tj ET Q q 0 0 0 rg BT 238.92 494.35 Td (process ) Tj ET Q q 0 0 0 rg BT 267.52 494.35 Td (designed ) Tj ET Q q 0 0 0 rg BT 301.12 494.35 Td (to ) Tj ET Q q 0 0 0 rg BT 309.73 494.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 338.84 494.35 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 378.92 494.35 Td (assurance ) Tj ET Q q 0 0 0 rg BT 415.51 494.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 451.61 494.35 Td (the ) Tj ET Q q 0 0 0 rg BT 464.21 494.35 Td (reliability ) Tj ET Q q 0 0 0 rg BT 500.81 494.35 Td (of ) Tj ET Q q 0 0 0 rg BT 509.92 494.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 543.01 494.35 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 483.55 Td (and ) Tj ET Q q 0 0 0 rg BT 51.72 483.55 Td (the ) Tj ET Q q 0 0 0 rg BT 65.44 483.55 Td (preparation ) Tj ET Q q 0 0 0 rg BT 109.15 483.55 Td (of ) Tj ET Q q 0 0 0 rg BT 119.37 483.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.58 483.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 194.29 483.55 Td (for ) Tj ET Q q 0 0 0 rg BT 207.51 483.55 Td (external ) Tj ET Q q 0 0 0 rg BT 239.22 483.55 Td (purposes ) Tj ET Q q 0 0 0 rg BT 273.94 483.55 Td (in ) Tj ET Q q 0 0 0 rg BT 283.67 483.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 326.86 483.55 Td (with ) Tj ET Q q 0 0 0 rg BT 345.58 483.55 Td (generally ) Tj ET Q q 0 0 0 rg BT 381.79 483.55 Td (accepted ) Tj ET Q q 0 0 0 rg BT 415.99 483.55 Td (accounting ) Tj ET Q q 0 0 0 rg BT 458.20 483.55 Td (principles. ) Tj ET Q q 0 0 0 rg BT 498.07 483.55 Td (A) Tj ET Q q 0 0 0 rg BT 504.07 483.55 Td ( ) Tj ET Q q 0 0 0 rg BT 506.79 483.55 Td (company) Tj ET Q q 0 0 0 rg BT 542.28 483.55 Td (s ) Tj ET Q q 0 0 0 rg BT 548.51 483.55 Td (internal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.75 Td (control ) Tj ET Q q 0 0 0 rg BT 63.38 472.75 Td (over ) Tj ET Q q 0 0 0 rg BT 81.27 472.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 114.64 472.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 149.52 472.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 181.41 472.75 Td (those ) Tj ET Q q 0 0 0 rg BT 202.30 472.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 232.18 472.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.07 472.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 288.44 472.75 Td (that ) Tj ET Q q 0 0 0 rg BT 303.83 472.75 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 314.22 472.75 Td (pertain ) Tj ET Q q 0 0 0 rg BT 341.10 472.75 Td (to ) Tj ET Q q 0 0 0 rg BT 349.99 472.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.88 472.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 410.24 472.75 Td (of ) Tj ET Q q 0 0 0 rg BT 419.63 472.75 Td (records ) Tj ET Q q 0 0 0 rg BT 448.01 472.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 465.65 472.75 Td (in ) Tj ET Q q 0 0 0 rg BT 474.54 472.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 514.91 472.75 Td (detail, ) Tj ET Q q 0 0 0 rg BT 539.04 472.75 Td (accurately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 461.95 Td (and ) Tj ET Q q 0 0 0 rg BT 51.98 461.95 Td (fairly ) Tj ET Q q 0 0 0 rg BT 74.45 461.95 Td (reflect ) Tj ET Q q 0 0 0 rg BT 100.42 461.95 Td (the ) Tj ET Q q 0 0 0 rg BT 114.40 461.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 160.37 461.95 Td (and ) Tj ET Q q 0 0 0 rg BT 176.35 461.95 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 222.34 461.95 Td (of ) Tj ET Q q 0 0 0 rg BT 232.83 461.95 Td (the ) Tj ET Q q 0 0 0 rg BT 246.81 461.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.79 461.95 Td (of ) Tj ET Q q 0 0 0 rg BT 281.27 461.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.25 461.95 Td (company; ) Tj ET Q q 0 0 0 rg BT 333.72 461.95 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 347.70 461.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 378.18 461.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 419.65 461.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 457.61 461.95 Td (that ) Tj ET Q q 0 0 0 rg BT 474.09 461.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 520.06 461.95 Td (are ) Tj ET Q q 0 0 0 rg BT 534.03 461.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 568.50 461.95 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 451.15 Td (necessary ) Tj ET Q q 0 0 0 rg BT 73.06 451.15 Td (to ) Tj ET Q q 0 0 0 rg BT 82.15 451.15 Td (permit ) Tj ET Q q 0 0 0 rg BT 107.72 451.15 Td (preparation ) Tj ET Q q 0 0 0 rg BT 150.78 451.15 Td (of ) Tj ET Q q 0 0 0 rg BT 160.36 451.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.92 451.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 234.00 451.15 Td (in ) Tj ET Q q 0 0 0 rg BT 243.08 451.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 285.63 451.15 Td (with ) Tj ET Q q 0 0 0 rg BT 303.71 451.15 Td (generally ) Tj ET Q q 0 0 0 rg BT 339.27 451.15 Td (accepted ) Tj ET Q q 0 0 0 rg BT 372.83 451.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 414.40 451.15 Td (principles, ) Tj ET Q q 0 0 0 rg BT 454.22 451.15 Td (and ) Tj ET Q q 0 0 0 rg BT 469.29 451.15 Td (that ) Tj ET Q q 0 0 0 rg BT 484.87 451.15 Td (receipts ) Tj ET Q q 0 0 0 rg BT 514.94 451.15 Td (and ) Tj ET Q q 0 0 0 rg BT 530.02 451.15 Td (expenditures ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 440.35 Td (of ) Tj ET Q q 0 0 0 rg BT 46.51 440.35 Td (the ) Tj ET Q q 0 0 0 rg BT 60.51 440.35 Td (company ) Tj ET Q q 0 0 0 rg BT 96.51 440.35 Td (are ) Tj ET Q q 0 0 0 rg BT 110.51 440.35 Td (being ) Tj ET Q q 0 0 0 rg BT 133.51 440.35 Td (made ) Tj ET Q q 0 0 0 rg BT 156.01 440.35 Td (only ) Tj ET Q q 0 0 0 rg BT 175.02 440.35 Td (in ) Tj ET Q q 0 0 0 rg BT 185.03 440.35 Td (accordance ) Tj ET Q q 0 0 0 rg BT 228.50 440.35 Td (with ) Tj ET Q q 0 0 0 rg BT 247.51 440.35 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 301.51 440.35 Td (of ) Tj ET Q q 0 0 0 rg BT 312.01 440.35 Td (management ) Tj ET Q q 0 0 0 rg BT 361.00 440.35 Td (and ) Tj ET Q q 0 0 0 rg BT 377.01 440.35 Td (directors ) Tj ET Q q 0 0 0 rg BT 411.50 440.35 Td (of ) Tj ET Q q 0 0 0 rg BT 422.01 440.35 Td (the ) Tj ET Q q 0 0 0 rg BT 436.01 440.35 Td (company; ) Tj ET Q q 0 0 0 rg BT 474.51 440.35 Td (and ) Tj ET Q q 0 0 0 rg BT 490.52 440.35 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 507.02 440.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 537.52 440.35 Td (reasonable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 429.55 Td (assurance ) Tj ET Q q 0 0 0 rg BT 73.41 429.55 Td (regarding ) Tj ET Q q 0 0 0 rg BT 110.33 429.55 Td (prevention ) Tj ET Q q 0 0 0 rg BT 151.25 429.55 Td (or ) Tj ET Q q 0 0 0 rg BT 161.18 429.55 Td (timely ) Tj ET Q q 0 0 0 rg BT 186.61 429.55 Td (detection ) Tj ET Q q 0 0 0 rg BT 222.03 429.55 Td (of ) Tj ET Q q 0 0 0 rg BT 231.96 429.55 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 281.38 429.55 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 325.56 429.55 Td (use, ) Tj ET Q q 0 0 0 rg BT 342.24 429.55 Td (or ) Tj ET Q q 0 0 0 rg BT 352.17 429.55 Td (disposition ) Tj ET Q q 0 0 0 rg BT 394.11 429.55 Td (of ) Tj ET Q q 0 0 0 rg BT 404.04 429.55 Td (the ) Tj ET Q q 0 0 0 rg BT 417.47 429.55 Td (company) Tj ET Q q 0 0 0 rg BT 452.96 429.55 Td (s ) Tj ET Q q 0 0 0 rg BT 458.89 429.55 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.32 429.55 Td (that ) Tj ET Q q 0 0 0 rg BT 498.25 429.55 Td (could ) Tj ET Q q 0 0 0 rg BT 520.68 429.55 Td (have ) Tj ET Q q 0 0 0 rg BT 540.10 429.55 Td (a ) Tj ET Q q 0 0 0 rg BT 546.53 429.55 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.75 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 418.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 58.57 418.75 Td (on ) Tj ET Q q 0 0 0 rg BT 69.82 418.75 Td (the ) Tj ET Q q 0 0 0 rg BT 83.06 418.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 116.79 418.75 Td (statements.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 391.15 Td (Because ) Tj ET Q q 0 0 0 rg BT 67.85 391.15 Td (of ) Tj ET Q q 0 0 0 rg BT 77.21 391.15 Td (its ) Tj ET Q q 0 0 0 rg BT 87.58 391.15 Td (inherent ) Tj ET Q q 0 0 0 rg BT 118.94 391.15 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 161.56 391.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 190.91 391.15 Td (control ) Tj ET Q q 0 0 0 rg BT 218.27 391.15 Td (over ) Tj ET Q q 0 0 0 rg BT 236.13 391.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.48 391.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 304.33 391.15 Td (may ) Tj ET Q q 0 0 0 rg BT 321.70 391.15 Td (not ) Tj ET Q q 0 0 0 rg BT 335.06 391.15 Td (prevent ) Tj ET Q q 0 0 0 rg BT 363.92 391.15 Td (or ) Tj ET Q q 0 0 0 rg BT 373.28 391.15 Td (detect ) Tj ET Q q 0 0 0 rg BT 396.63 391.15 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 451.33 391.15 Td (Also, ) Tj ET Q q 0 0 0 rg BT 472.45 391.15 Td (projections ) Tj ET Q q 0 0 0 rg BT 514.31 391.15 Td (of ) Tj ET Q q 0 0 0 rg BT 523.67 391.15 Td (any ) Tj ET Q q 0 0 0 rg BT 538.53 391.15 Td (evaluation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.35 Td (of ) Tj ET Q q 0 0 0 rg BT 46.11 380.35 Td (ef) Tj ET Q q 0 0 0 rg BT 52.94 380.35 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 95.53 380.35 Td (to ) Tj ET Q q 0 0 0 rg BT 105.14 380.35 Td (future ) Tj ET Q q 0 0 0 rg BT 129.23 380.35 Td (periods ) Tj ET Q q 0 0 0 rg BT 158.34 380.35 Td (are ) Tj ET Q q 0 0 0 rg BT 171.93 380.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 200.04 380.35 Td (to ) Tj ET Q q 0 0 0 rg BT 209.65 380.35 Td (the ) Tj ET Q q 0 0 0 rg BT 223.25 380.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 239.36 380.35 Td (that ) Tj ET Q q 0 0 0 rg BT 255.47 380.35 Td (controls ) Tj ET Q q 0 0 0 rg BT 287.07 380.35 Td (may ) Tj ET Q q 0 0 0 rg BT 305.17 380.35 Td (become ) Tj ET Q q 0 0 0 rg BT 335.77 380.35 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 377.36 380.35 Td (because ) Tj ET Q q 0 0 0 rg BT 408.45 380.35 Td (of ) Tj ET Q q 0 0 0 rg BT 418.55 380.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 450.15 380.35 Td (in ) Tj ET Q q 0 0 0 rg BT 459.76 380.35 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 502.12 380.35 Td (or ) Tj ET Q q 0 0 0 rg BT 512.22 380.35 Td (that ) Tj ET Q q 0 0 0 rg BT 528.33 380.35 Td (the ) Tj ET Q q 0 0 0 rg BT 541.93 380.35 Td (degree ) Tj ET Q q 0 0 0 rg BT 568.52 380.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 369.55 Td (compliance ) Tj ET Q q 0 0 0 rg BT 79.73 369.55 Td (with ) Tj ET Q q 0 0 0 rg BT 97.98 369.55 Td (the ) Tj ET Q q 0 0 0 rg BT 111.23 369.55 Td (policies ) Tj ET Q q 0 0 0 rg BT 141.47 369.55 Td (or ) Tj ET Q q 0 0 0 rg BT 151.22 369.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 192.95 369.55 Td (may ) Tj ET Q q 0 0 0 rg BT 210.69 369.55 Td (deteriorate.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.55 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 46.75 300.55 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 138.48 300.55 Td (LLP) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 272.95 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 127.72 272.95 Td (LLP) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 259.15 Td (Uxbridge, ) Tj ET Q q 0 0 0 rg BT 74.49 259.15 Td (United ) Tj ET Q q 0 0 0 rg BT 101.24 259.15 Td (Kingdom) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 231.55 Td (April28, ) Tj ET Q q 0 0 0 rg BT 70.75 231.55 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.75 231.55 Td ( ) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.70 25.30 Td (F-3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (Report ) Tj ET Q q 0 0 0 rg BT 65.24 749.95 Td (of ) Tj ET Q q 0 0 0 rg BT 74.99 749.95 Td (Independent ) Tj ET Q q 0 0 0 rg BT 125.75 749.95 Td (Register) Tj ET Q q 0 0 0 rg BT 157.57 749.95 Td (ed ) Tj ET Q q 0 0 0 rg BT 168.82 749.95 Td (Public ) Tj ET Q q 0 0 0 rg BT 195.08 749.95 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 241.33 749.95 Td (Firm) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 722.35 Td (T) Tj ET Q q 0 0 0 rg BT 41.18 722.35 Td (o ) Tj ET Q q 0 0 0 rg BT 47.93 722.35 Td (the ) Tj ET Q q 0 0 0 rg BT 62.17 722.35 Td (Board ) Tj ET Q q 0 0 0 rg BT 88.43 722.35 Td (of ) Tj ET Q q 0 0 0 rg BT 98.17 722.35 Td (Dir) Tj ET Q q 0 0 0 rg BT 111.01 722.35 Td (ectors ) Tj ET Q q 0 0 0 rg BT 136.24 722.35 Td (and ) Tj ET Q q 0 0 0 rg BT 153.00 722.35 Td (Shar) Tj ET Q q 0 0 0 rg BT 171.34 722.35 Td (eholders ) Tj ET Q q 0 0 0 rg BT 206.09 722.35 Td (of ) Tj ET Q q 0 0 0 rg BT 215.84 722.35 Td (North ) Tj ET Q q 0 0 0 rg BT 240.59 722.35 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 273.83 722.35 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 306.08 722.35 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 694.75 Td (In ) Tj ET Q q 0 0 0 rg BT 45.73 694.75 Td (our ) Tj ET Q q 0 0 0 rg BT 59.96 694.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 91.95 694.75 Td (the ) Tj ET Q q 0 0 0 rg BT 105.17 694.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 159.89 694.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 207.61 694.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 237.32 694.75 Td (sheet ) Tj ET Q q 0 0 0 rg BT 258.05 694.75 Td (and ) Tj ET Q q 0 0 0 rg BT 273.27 694.75 Td (the ) Tj ET Q q 0 0 0 rg BT 286.50 694.75 Td (related ) Tj ET Q q 0 0 0 rg BT 313.22 694.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 360.94 694.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 401.16 694.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.89 694.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 452.87 694.75 Td (of ) Tj ET Q q 0 0 0 rg BT 462.60 694.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 519.31 694.75 Td (income, ) Tj ET Q q 0 0 0 rg BT 550.28 694.75 Td (of ) Tj ET Q q 0 0 0 rg BT 560.01 694.75 Td (cash ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 683.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 58.67 683.95 Td (and ) Tj ET Q q 0 0 0 rg BT 74.33 683.95 Td (of ) Tj ET Q q 0 0 0 rg BT 84.49 683.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 116.14 683.95 Td (in ) Tj ET Q q 0 0 0 rg BT 125.81 683.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 150.97 683.95 Td (present ) Tj ET Q q 0 0 0 rg BT 179.62 683.95 Td (fairly) Tj ET Q q 0 0 0 rg BT 198.53 683.95 Td (, ) Tj ET Q q 0 0 0 rg BT 203.44 683.95 Td (in ) Tj ET Q q 0 0 0 rg BT 213.11 683.95 Td (all ) Tj ET Q q 0 0 0 rg BT 224.77 683.95 Td (material ) Tj ET Q q 0 0 0 rg BT 256.92 683.95 Td (respects, ) Tj ET Q q 0 0 0 rg BT 290.82 683.95 Td (the ) Tj ET Q q 0 0 0 rg BT 304.48 683.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.63 683.95 Td (position ) Tj ET Q q 0 0 0 rg BT 370.30 683.95 Td (of ) Tj ET Q q 0 0 0 rg BT 380.46 683.95 Td (North ) Tj ET Q q 0 0 0 rg BT 403.53 683.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 435.19 683.95 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 466.35 683.95 Td (Limited ) Tj ET Q q 0 0 0 rg BT 497.51 683.95 Td (and ) Tj ET Q q 0 0 0 rg BT 513.17 683.95 Td (its ) Tj ET Q q 0 0 0 rg BT 524.34 683.95 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 569.50 683.95 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 673.15 Td (December ) Tj ET Q q 0 0 0 rg BT 74.53 673.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 87.33 673.15 Td (2014 ) Tj ET Q q 0 0 0 rg BT 106.88 673.15 Td ( ) Tj ET Q q 0 0 0 rg BT 108.43 673.15 Td (and ) Tj ET Q q 0 0 0 rg BT 122.98 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 135.52 673.15 Td (results ) Tj ET Q q 0 0 0 rg BT 160.57 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 169.62 673.15 Td (their ) Tj ET Q q 0 0 0 rg BT 187.66 673.15 Td (operations ) Tj ET Q q 0 0 0 rg BT 226.71 673.15 Td (and ) Tj ET Q q 0 0 0 rg BT 241.25 673.15 Td (their ) Tj ET Q q 0 0 0 rg BT 259.29 673.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.84 673.15 Td (flows ) Tj ET Q q 0 0 0 rg BT 298.39 673.15 Td (for ) Tj ET Q q 0 0 0 rg BT 310.43 673.15 Td (each ) Tj ET Q q 0 0 0 rg BT 328.47 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 337.52 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 350.06 673.15 Td (two ) Tj ET Q q 0 0 0 rg BT 365.12 673.15 Td (years ) Tj ET Q q 0 0 0 rg BT 385.66 673.15 Td (in ) Tj ET Q q 0 0 0 rg BT 394.21 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 406.75 673.15 Td (period ) Tj ET Q q 0 0 0 rg BT 431.30 673.15 Td (ended ) Tj ET Q q 0 0 0 rg BT 454.34 673.15 Td (December ) Tj ET Q q 0 0 0 rg BT 492.86 673.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 505.67 673.15 Td (2014, ) Tj ET Q q 0 0 0 rg BT 527.47 673.15 Td (in ) Tj ET Q q 0 0 0 rg BT 536.02 673.15 Td (conformity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 662.35 Td (with ) Tj ET Q q 0 0 0 rg BT 54.94 662.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 97.36 662.35 Td (principles ) Tj ET Q q 0 0 0 rg BT 135.79 662.35 Td (generally ) Tj ET Q q 0 0 0 rg BT 172.21 662.35 Td (accepted ) Tj ET Q q 0 0 0 rg BT 206.63 662.35 Td (in ) Tj ET Q q 0 0 0 rg BT 216.57 662.35 Td (the ) Tj ET Q q 0 0 0 rg BT 230.50 662.35 Td (United ) Tj ET Q q 0 0 0 rg BT 257.93 662.35 Td (States ) Tj ET Q q 0 0 0 rg BT 282.37 662.35 Td (of ) Tj ET Q q 0 0 0 rg BT 292.16 662.35 Td (America. ) Tj ET Q q 0 0 0 rg BT 328.33 662.35 Td ( ) Tj ET Q q 0 0 0 rg BT 331.05 662.35 Td (These ) Tj ET Q q 0 0 0 rg BT 355.48 662.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 389.90 662.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 430.83 662.35 Td (are ) Tj ET Q q 0 0 0 rg BT 444.76 662.35 Td (the ) Tj ET Q q 0 0 0 rg BT 458.69 662.35 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 510.63 662.35 Td (of ) Tj ET Q q 0 0 0 rg BT 521.07 662.35 Td (the ) Tj ET Q q 0 0 0 rg BT 535.00 662.35 Td (Company) Tj ET Q q 0 0 0 rg BT 572.50 662.35 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 651.55 Td (management. ) Tj ET Q q 0 0 0 rg BT 86.16 651.55 Td ( ) Tj ET Q q 0 0 0 rg BT 88.10 651.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.03 651.55 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 154.96 651.55 Td (is ) Tj ET Q q 0 0 0 rg BT 162.90 651.55 Td (to ) Tj ET Q q 0 0 0 rg BT 171.84 651.55 Td (express ) Tj ET Q q 0 0 0 rg BT 200.76 651.55 Td (an ) Tj ET Q q 0 0 0 rg BT 211.19 651.55 Td (opinion ) Tj ET Q q 0 0 0 rg BT 240.63 651.55 Td (on ) Tj ET Q q 0 0 0 rg BT 251.56 651.55 Td (these ) Tj ET Q q 0 0 0 rg BT 271.99 651.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.41 651.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 345.33 651.55 Td (based ) Tj ET Q q 0 0 0 rg BT 367.76 651.55 Td (on ) Tj ET Q q 0 0 0 rg BT 378.69 651.55 Td (our ) Tj ET Q q 0 0 0 rg BT 392.62 651.55 Td (audits. ) Tj ET Q q 0 0 0 rg BT 418.17 651.55 Td (W) Tj ET Q q 0 0 0 rg BT 425.94 651.55 Td (e ) Tj ET Q q 0 0 0 rg BT 431.87 651.55 Td (conducted ) Tj ET Q q 0 0 0 rg BT 470.79 651.55 Td (our ) Tj ET Q q 0 0 0 rg BT 484.72 651.55 Td (audits ) Tj ET Q q 0 0 0 rg BT 508.15 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 517.58 651.55 Td (these ) Tj ET Q q 0 0 0 rg BT 538.01 651.55 Td (statements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.75 Td (in ) Tj ET Q q 0 0 0 rg BT 44.85 640.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 87.17 640.75 Td (with ) Tj ET Q q 0 0 0 rg BT 105.03 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.88 640.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 153.73 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 163.08 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 175.93 640.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 200.78 640.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.23 640.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 281.07 640.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 318.42 640.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 342.27 640.75 Td (\(United ) Tj ET Q q 0 0 0 rg BT 371.61 640.75 Td (States\). ) Tj ET Q q 0 0 0 rg BT 400.08 640.75 Td (Those ) Tj ET Q q 0 0 0 rg BT 423.93 640.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 459.78 640.75 Td (require ) Tj ET Q q 0 0 0 rg BT 487.11 640.75 Td (that ) Tj ET Q q 0 0 0 rg BT 502.46 640.75 Td (we ) Tj ET Q q 0 0 0 rg BT 514.81 640.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 532.16 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 547.01 640.75 Td (perform ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 48.93 629.95 Td (audit ) Tj ET Q q 0 0 0 rg BT 68.87 629.95 Td (to ) Tj ET Q q 0 0 0 rg BT 77.81 629.95 Td (obtain ) Tj ET Q q 0 0 0 rg BT 102.24 629.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 142.66 629.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 179.57 629.95 Td (about ) Tj ET Q q 0 0 0 rg BT 201.51 629.95 Td (whether ) Tj ET Q q 0 0 0 rg BT 232.43 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 245.36 629.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 278.78 629.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 318.71 629.95 Td (are ) Tj ET Q q 0 0 0 rg BT 331.64 629.95 Td (free ) Tj ET Q q 0 0 0 rg BT 347.56 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 356.99 629.95 Td (material ) Tj ET Q q 0 0 0 rg BT 388.42 629.95 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 439.67 629.95 Td (An ) Tj ET Q q 0 0 0 rg BT 452.60 629.95 Td (audit ) Tj ET Q q 0 0 0 rg BT 472.54 629.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 504.47 629.95 Td (examining, ) Tj ET Q q 0 0 0 rg BT 546.65 629.95 Td (on ) Tj ET Q q 0 0 0 rg BT 557.59 629.95 Td (a ) Tj ET Q q 0 0 0 rg BT 563.52 629.95 Td (test ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.15 Td (basis, ) Tj ET Q q 0 0 0 rg BT 58.73 619.15 Td (evidence ) Tj ET Q q 0 0 0 rg BT 93.19 619.15 Td (supporting ) Tj ET Q q 0 0 0 rg BT 134.17 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 147.64 619.15 Td (amounts ) Tj ET Q q 0 0 0 rg BT 180.62 619.15 Td (and ) Tj ET Q q 0 0 0 rg BT 196.09 619.15 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 238.57 619.15 Td (in ) Tj ET Q q 0 0 0 rg BT 248.05 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 261.52 619.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.48 619.15 Td (statements, ) Tj ET Q q 0 0 0 rg BT 338.21 619.15 Td (assessing ) Tj ET Q q 0 0 0 rg BT 374.18 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 387.66 619.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 429.62 619.15 Td (principles ) Tj ET Q q 0 0 0 rg BT 467.59 619.15 Td (used ) Tj ET Q q 0 0 0 rg BT 486.57 619.15 Td (and ) Tj ET Q q 0 0 0 rg BT 502.04 619.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 542.51 619.15 Td (estimates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 608.35 Td (made ) Tj ET Q q 0 0 0 rg BT 57.38 608.35 Td (by ) Tj ET Q q 0 0 0 rg BT 68.28 608.35 Td (management, ) Tj ET Q q 0 0 0 rg BT 118.40 608.35 Td (and ) Tj ET Q q 0 0 0 rg BT 133.29 608.35 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 172.67 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 185.56 608.35 Td (overall ) Tj ET Q q 0 0 0 rg BT 212.45 608.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.82 608.35 Td (statement ) Tj ET Q q 0 0 0 rg BT 282.21 608.35 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 330.20 608.35 Td (W) Tj ET Q q 0 0 0 rg BT 337.98 608.35 Td (e ) Tj ET Q q 0 0 0 rg BT 343.86 608.35 Td (believe ) Tj ET Q q 0 0 0 rg BT 371.74 608.35 Td (that ) Tj ET Q q 0 0 0 rg BT 387.14 608.35 Td (our ) Tj ET Q q 0 0 0 rg BT 401.03 608.35 Td (audit ) Tj ET Q q 0 0 0 rg BT 420.92 608.35 Td (provides ) Tj ET Q q 0 0 0 rg BT 453.81 608.35 Td (a ) Tj ET Q q 0 0 0 rg BT 459.70 608.35 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 500.07 608.35 Td (basis ) Tj ET Q q 0 0 0 rg BT 519.97 608.35 Td (for ) Tj ET Q q 0 0 0 rg BT 532.35 608.35 Td (our ) Tj ET Q q 0 0 0 rg BT 546.25 608.35 Td (opinion.) 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467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 453.20000000000005 m 428.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 467.20000000000005 m 502.5 467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 453.20000000000005 m 502.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 467.20000000000005 m 576.5 467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 453.20000000000005 m 576.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 329.20000000000005 m 428.5 329.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 315.20000000000005 m 428.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 329.20000000000005 m 502.5 329.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 315.20000000000005 m 502.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 329.20000000000005 m 576.5 329.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 315.20000000000005 m 576.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 274.20000000000005 m 428.5 274.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 261.20000000000005 m 428.5 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 259.20000000000005 m 428.5 259.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 274.20000000000005 m 502.5 274.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 261.20000000000005 m 502.5 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 259.20000000000005 m 502.5 259.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 274.20000000000005 m 576.5 274.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 261.20000000000005 m 576.5 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 259.20000000000005 m 576.5 259.20000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.80 693.65 Td (Years Ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 679.65 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 679.65 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 679.65 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 666.60 Td (Operating revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 652.46 Td (Contract revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 651.66 Td (730.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 651.66 Td (1,058.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 651.66 Td (1,116.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 638.46 Td (Reimbursables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 637.66 Td (17.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 637.66 Td (160.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 637.66 Td (195.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 624.46 Td (Related party revenues *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 623.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 623.66 Td (44.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 623.66 Td (12.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 610.46 Td (Other revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 609.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 609.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 609.66 Td (0.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 596.60 Td (Total operating revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.75 595.65 Td (747.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 595.65 Td (1,263.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 595.65 Td (1,324.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 569.46 Td (Loss on disposal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 568.66 Td (\(82.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 568.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 568.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 568.66 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 542.60 Td (Operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 528.46 Td (Vessel and rig operating expenses *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 527.66 Td (270.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 527.66 Td (458.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 527.66 Td (527.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 514.46 Td (Reimbursable expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 513.66 Td (15.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 513.66 Td (150.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 513.66 Td (183.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 500.46 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 499.66 Td (221.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 499.66 Td (212.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 499.66 Td (188.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 486.46 Td (Loss on impairment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 485.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 485.66 Td (480.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 485.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 472.46 Td (General and administrative expenses *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 471.66 Td (60.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 471.66 Td (78.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 471.66 Td (64.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 458.60 Td (Total operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.75 457.65 Td (568.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 457.65 Td (1,380.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 457.65 Td (963.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 431.60 Td (Net operating \(loss\)/income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.25 430.65 Td (97.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 430.65 Td (\(116.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 430.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 430.65 Td (360.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 404.60 Td (Financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 390.46 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 389.66 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 389.66 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 389.66 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 376.46 Td (Interest expense *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 375.66 Td (\(97.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 375.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 375.66 Td (\(103.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 375.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 375.66 Td (\(84.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 375.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 362.46 Td (Foreign exchange gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 361.66 Td (28.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 361.66 Td (41.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 361.66 Td (10.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 348.46 Td (Loss on derivative financial instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 347.66 Td (\(57.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 347.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 347.66 Td (\(86.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 347.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 347.66 Td (\(16.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 347.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 334.46 Td (Other financial items *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.75 333.66 Td (\(5.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 333.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 333.66 Td (\(26.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 333.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 333.66 Td (\(6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 333.66 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 320.60 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 320.60 Td (otal financial items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.17 320.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.75 319.65 Td (\(132.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 319.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 319.65 Td (\(174.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 319.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 319.65 Td (\(96.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 319.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 293.60 Td (\(Loss\)/Income befor) Tj ET Q q 0 0 0 rg BT 116.08 293.60 Td (e income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.56 293.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.25 292.65 Td (\(34.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 292.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 292.65 Td (\(290.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 292.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 292.65 Td (264.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 279.46 Td (Income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 278.66 Td (\(44.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 278.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 278.66 Td (\(29.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 278.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 278.66 Td (\(28.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 278.66 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 265.60 Td (Net \(loss\)/income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.25 264.65 Td (\(78.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 264.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 264.65 Td (\(320.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 264.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 264.65 Td (235.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 237.66 Td (Net income to non-controlling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 237.66 Td (16.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 237.66 Td (12.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 237.66 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 223.65 Td (Net \(loss\)/income attributable to the shareholders of the Company) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.25 223.65 Td (\(94.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 223.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 223.65 Td (\(332.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 223.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 223.65 Td (235.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 197.60 Td (Basic earnings per share **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 196.66 Td (\(3.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 196.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 196.66 Td (\(13.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 196.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 196.66 Td (10.35) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 183.60 Td (Diluted earnings per share **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 182.66 Td (\(3.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 182.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 182.66 Td (\(13.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 182.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 182.66 Td (10.35) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 169.60 Td (Declared dividend per share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 168.66 Td (0.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 168.66 Td (4.80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 168.66 Td (9.05) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (* ) Tj ET Q q 0 0 0 rg BT 42.75 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 137.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 86.74 137.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 131.98 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.23 137.10 Td (related ) Tj ET Q q 0 0 0 rg BT 176.96 137.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 205.45 137.10 Td (Refer ) Tj ET Q q 0 0 0 rg BT 227.69 137.10 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.94 137.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 256.68 137.10 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.68 137.10 Td (- ) Tj ET Q q 0 0 0 rg BT 270.93 137.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 300.67 137.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 321.75 137.10 Td (T) Tj ET Q q 0 0 0 rg BT 326.93 137.10 Td (ransactions. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 123.30 Td (** ) Tj ET Q q 0 0 0 rg BT 47.25 123.30 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 123.30 Td (As ) Tj ET Q q 0 0 0 rg BT 65.92 123.30 Td (a ) Tj ET Q q 0 0 0 rg BT 71.83 123.30 Td (result ) Tj ET Q q 0 0 0 rg BT 93.74 123.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.16 123.30 Td (the ) Tj ET Q q 0 0 0 rg BT 116.07 123.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 136.98 123.30 Td (split ) Tj ET Q q 0 0 0 rg BT 154.40 123.30 Td (and ) Tj ET Q q 0 0 0 rg BT 169.32 123.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 195.22 123.30 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 233.37 123.30 Td (the ) Tj ET Q q 0 0 0 rg BT 246.28 123.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 278.69 123.30 Td (per ) Tj ET Q q 0 0 0 rg BT 292.10 123.30 Td (share ) Tj ET Q q 0 0 0 rg BT 313.01 123.30 Td (has ) Tj ET Q q 0 0 0 rg BT 326.92 123.30 Td (been ) Tj ET Q q 0 0 0 rg BT 345.83 123.30 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 401.22 123.30 Td (adjusted. ) Tj ET Q q 0 0 0 rg BT 435.38 123.30 Td ( ) Tj ET Q q 0 0 0 rg BT 437.30 123.30 Td (Refer ) Tj ET Q q 0 0 0 rg BT 459.20 123.30 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.12 123.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 487.53 123.30 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.53 123.30 Td ( ) Tj ET Q q 0 0 0 rg BT 498.45 123.30 Td (for ) Tj ET Q q 0 0 0 rg BT 510.86 123.30 Td (more ) Tj ET Q q 0 0 0 rg BT 531.27 123.30 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 109.50 Td (See ) Tj ET Q q 0 0 0 rg BT 50.74 109.50 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 105.47 109.50 Td (notes ) Tj ET Q q 0 0 0 rg BT 126.72 109.50 Td (that ) Tj ET Q q 0 0 0 rg BT 142.97 109.50 Td (ar) Tj ET Q q 0 0 0 rg BT 150.64 109.50 Td (e ) Tj ET Q q 0 0 0 rg BT 156.88 109.50 Td (an ) Tj ET Q q 0 0 0 rg BT 168.13 109.50 Td (integral ) Tj ET Q q 0 0 0 rg BT 198.88 109.50 Td (part ) Tj ET Q q 0 0 0 rg BT 216.14 109.50 Td (of ) Tj ET Q q 0 0 0 rg BT 225.39 109.50 Td (these ) Tj ET Q q 0 0 0 rg BT 246.13 109.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 296.38 109.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 333.62 109.50 Td (Statements.) 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rg /GS0 gs 506.50 304.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 278.20 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 278.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 278.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 278.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 252.20 396.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 252.20 70.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 252.20 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 252.20 70.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 231.20 396.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 231.20 70.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 231.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 231.20 70.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 195.20 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 195.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 195.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 195.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 169.20 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 169.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 169.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 169.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 143.20 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 143.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 143.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 143.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 117.20 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 117.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 117.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 117.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 96.20 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 96.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 96.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 96.20 70.00 -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 432.5 679.2 m 502.5 679.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 679.2 m 576.5 679.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 588.2 m 502.5 588.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 576.2 m 502.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 574.2 m 502.5 574.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 588.2 m 576.5 588.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 576.2 m 576.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 574.2 m 576.5 574.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 489.20000000000005 m 502.5 489.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 477.20000000000005 m 502.5 477.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 475.20000000000005 m 502.5 475.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 489.20000000000005 m 576.5 489.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 477.20000000000005 m 576.5 477.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 475.20000000000005 m 576.5 475.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 464.20000000000005 m 502.5 464.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 462.20000000000005 m 502.5 462.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 464.20000000000005 m 576.5 464.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 462.20000000000005 m 576.5 462.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 364.20000000000005 m 502.5 364.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 352.20000000000005 m 502.5 352.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 350.20000000000005 m 502.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 364.20000000000005 m 576.5 364.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 352.20000000000005 m 576.5 352.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 350.20000000000005 m 576.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 265.20000000000005 m 502.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 252.20000000000005 m 502.5 252.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 265.20000000000005 m 576.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 252.20000000000005 m 576.5 252.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 143.20000000000005 m 502.5 143.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 143.20000000000005 m 576.5 143.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 117.20000000000005 m 502.5 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 105.20000000000005 m 502.5 105.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 103.20000000000005 m 502.5 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 117.20000000000005 m 576.5 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 105.20000000000005 m 576.5 105.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 103.20000000000005 m 576.5 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 84.20000000000005 m 502.5 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 82.20000000000005 m 502.5 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 84.20000000000005 m 576.5 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 82.20000000000005 m 576.5 82.20000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.30 692.65 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 683.65 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 692.65 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 683.65 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 670.60 Td (ASSETS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 657.60 Td (Current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 644.46 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 644.46 Td (150.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 644.46 Td (116.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 631.46 Td (Restricted cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 631.46 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 631.46 Td (11.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 618.46 Td (Accounts receivables, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 618.46 Td (99.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 618.46 Td (235.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 605.46 Td (Amount due from related party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 605.46 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 605.46 Td (34.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 592.46 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 592.46 Td (25.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 592.46 Td (22.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 579.60 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 579.60 Td (otal curr) Tj ET Q q 0 0 0 rg BT 77.75 579.60 Td (ent assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.00 579.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 579.60 Td (286.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 579.60 Td (419.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 558.60 Td (Non-current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 545.46 Td (Newbuildings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 545.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 545.46 Td (172.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 532.46 Td (Drilling units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 532.46 Td (2,738.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 532.46 Td (2,923.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 519.46 Td (Non-current assets held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 519.46 Td (128.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 519.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 506.46 Td (Deferred tax assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 506.46 Td (7.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 506.46 Td (31.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 493.46 Td (Other non-current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 493.46 Td (94.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 493.46 Td (104.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 480.60 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 480.60 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 95.26 480.60 Td (ent assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.50 480.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 480.60 Td (2,968.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 480.60 Td (3,231.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 467.60 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 467.60 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.92 467.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 467.60 Td (3,255.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 467.60 Td (3,651.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 446.60 Td (LIABILITIES AND SHAREHOLDERS EQUITY) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 433.60 Td (Current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 420.46 Td (Current portion of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 420.46 Td (210.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 420.46 Td (210.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 407.46 Td (Amount due to related party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 407.46 Td (39.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 407.46 Td (17.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 394.46 Td (Trade accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 394.46 Td (12.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 394.46 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 381.46 Td (Tax payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 381.46 Td (20.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 381.46 Td (11.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 368.46 Td (Other current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 368.46 Td (211.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 368.46 Td (267.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 355.60 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 355.60 Td (otal curr) Tj ET Q q 0 0 0 rg BT 77.75 355.60 Td (ent liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.00 355.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 355.60 Td (494.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 355.60 Td (513.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 334.60 Td (Non-current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 321.46 Td (Long-term interest bearing debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 321.46 Td (1,903.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 321.46 Td (2,188.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 308.46 Td (Long term debt to related party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 308.46 Td (321.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 308.46 Td (308.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 295.46 Td (Deferred taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 295.46 Td (57.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 295.46 Td (54.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 282.46 Td (Pension liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 282.46 Td (37.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 282.46 Td (82.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 269.46 Td (Other non-current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 269.46 Td (22.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 269.46 Td (42.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 256.60 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 256.60 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 95.26 256.60 Td (ent liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.51 256.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 256.60 Td (2,341.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 256.60 Td (2,676.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 235.60 Td (Shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 222.46 Td (Common shares of par value US$0.10 per share: 24,114,232 shares outstanding at December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.00 213.46 Td (\(December 31, 2014: US$5.00 per share, 241,142,651 shares outstanding\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 212.66 Td (2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 212.66 Td (1,205.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 199.46 Td (Additional paid in capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 199.46 Td (49.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 199.46 Td (48.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 186.46 Td (Contributed surplus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 186.46 Td (2,037.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 186.46 Td (834.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 173.46 Td (Contributed deficit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 173.46 Td (\(1,188.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 173.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 173.46 Td (\(1,188.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 173.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 160.46 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 160.46 Td (\(23.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 160.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 160.46 Td (\(58.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 160.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 147.46 Td (Accumulated deficit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 147.46 Td (\(484.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 147.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 147.46 Td (\(390.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 147.46 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 134.60 Td (Total shareholders equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 134.60 Td (392.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 134.60 Td (451.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 121.46 Td (Non controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 121.46 Td (26.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 121.46 Td (10.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 108.60 Td (Total equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 108.60 Td (418.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 108.60 Td (461.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 87.60 Td (Total liabilities and shareholders equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 87.60 Td (3,255.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 87.60 Td (3,651.0) Tj ET Q BT /F1 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 69.90 Td (See ) Tj ET Q q 0 0 0 rg BT 50.74 69.90 Td 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 56.10 Td ( ) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.70 25.30 Td (F-7) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 205.15 747.90 Td (NOR) Tj ET Q q 0 0 0 rg BT 231.39 747.90 Td (TH ) Tj ET Q q 0 0 0 rg BT 251.07 747.90 Td (A) Tj ET Q q 0 0 0 rg BT 258.85 747.90 Td (TLANTIC DRILLING L) Tj ET Q q 0 0 0 rg BT 387.11 747.90 Td (TD.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 67.20 730.50 Td (Consolidated Statement of Cash Flows for) Tj ET Q q 0 0 0 rg BT 282.64 730.50 Td ( the years ended ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 368.64 730.50 Td (December) Tj ET Q q 0 0 0 rg BT 420.39 730.50 Td (31, 2015) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 465.39 730.50 Td (, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 471.39 730.50 Td (2014) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 495.39 730.50 Td ( and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 520.73 730.50 Td (2013) Tj ET Q BT /F2 12.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.20 716.70 Td (\(In millions of U.S. dollars\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 661.20 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 661.20 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 661.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 661.20 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 502.20 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 502.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 502.20 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 502.20 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 502.20 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 472.20 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 472.20 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 472.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 472.20 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 472.20 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 472.20 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 442.20 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 442.20 70.00 -14.00 re f /GS0 gs 0.8 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rg BT 489.00 551.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 551.66 Td (7.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 538.46 Td (Amortization of tax assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.75 536.66 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 536.66 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 536.66 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 523.46 Td (Payments for long-term maintenance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 521.66 Td (\(30.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 521.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 521.66 Td (\(155.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 521.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 521.66 Td (\(96.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 521.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 508.46 Td (Unrealized loss/\(gain\) related to derivative financial instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 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0.9333333333333333 1 rg /GS0 gs 532.50 453.40 44.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 416.40 102.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.50 416.40 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 416.40 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 416.40 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 416.40 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 416.40 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 416.40 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 416.40 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 416.40 30.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.50 416.40 44.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 379.40 102.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.50 379.40 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 379.40 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 379.40 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 379.40 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 379.40 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 379.40 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 379.40 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 379.40 30.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.50 379.40 44.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 657.4 m 138.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 657.4 m 177.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 657.4 m 227.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 657.4 m 281.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 657.4 m 378.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 657.4 m 442.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 657.4 m 502.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 657.4 m 532.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 657.4 m 576.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 657.4 m 177.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 657.4 m 227.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 657.4 m 281.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 657.4 m 335.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 657.4 m 378.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 657.4 m 442.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 657.4 m 502.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 657.4 m 532.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 657.4 m 576.5 657.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 555.4 m 138.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 555.4 m 177.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 555.4 m 227.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 555.4 m 281.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 555.4 m 335.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 555.4 m 378.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 555.4 m 442.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 555.4 m 502.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 555.4 m 532.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 555.4 m 576.5 555.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 453.4 m 138.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 453.4 m 177.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 453.4 m 227.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 453.4 m 281.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 453.4 m 335.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 453.4 m 378.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 453.4 m 442.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 453.4 m 502.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 453.4 m 532.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 453.4 m 576.5 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 356.4 m 138.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 356.4 m 177.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 356.4 m 227.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 356.4 m 281.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 356.4 m 335.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 356.4 m 378.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 356.4 m 442.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 356.4 m 502.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 356.4 m 532.5 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 356.4 m 576.5 356.4 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 146.30 675.85 Td (Share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 143.20 666.85 Td (Capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.45 680.35 Td (Additional) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.20 671.35 Td (paid-in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 662.35 Td (capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.20 675.85 Td (Contributed) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.70 666.85 Td (surplus) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.20 675.85 Td (Contributed) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.00 666.85 Td (deficit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.25 675.85 Td (Retained) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.95 666.85 Td (earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.55 680.35 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.30 671.35 Td (comprehensive) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.95 662.35 Td (loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.15 680.35 Td (T) Tj ET Q q 0 0 0 rg BT 467.33 680.35 Td (otal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.30 671.35 Td (Shar) Tj ET Q q 0 0 0 rg BT 463.64 671.35 Td (eholder's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 662.35 Td (equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.70 671.35 Td (NCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.15 675.85 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.95 666.85 Td (equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 648.35 Td (Balance at December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 639.35 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.00 643.85 Td (1,138.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.75 643.85 Td (0.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.75 643.85 Td (834.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 643.85 Td (\(1,186.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.00 643.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.25 643.85 Td (83.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 643.85 Td (\(32.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 643.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 643.85 Td (838.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.00 643.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 643.85 Td (838.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 625.26 Td (Stock options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 625.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.75 625.26 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 625.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 625.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 625.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 625.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.75 625.35 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 625.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 561.75 625.35 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 611.26 Td (Other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 611.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 611.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 611.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 611.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 611.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 611.26 Td (\(6.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 611.26 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.75 611.35 Td (\(6.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 611.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.75 611.26 Td (\(2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.00 611.26 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.75 611.35 Td (\(8.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 611.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 597.26 Td (Common control) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 588.26 Td (transaction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 592.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 592.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 592.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.75 592.76 Td (\(2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 592.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 592.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 592.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.75 592.85 Td (\(2.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 592.85 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 592.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.75 592.85 Td (\(2.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 592.85 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 574.26 Td (Dividend paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 574.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 574.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 574.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 574.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.75 574.26 Td (\(205.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 574.26 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 574.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 574.35 Td (\(205.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 574.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 574.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 574.35 Td (\(205.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 574.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 560.26 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 560.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 560.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 560.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 560.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 560.26 Td (235.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 560.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 560.35 Td (235.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 560.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 560.35 Td (235.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 546.35 Td (Balance at December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 537.35 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.00 541.85 Td (1,138.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.75 541.85 Td (1.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.75 541.85 Td (834.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 541.85 Td (\(1,188.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.00 541.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.75 541.85 Td (113.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 541.85 Td (\(39.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 541.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 541.85 Td (859.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.75 541.85 Td (\(2.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.00 541.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 541.85 Td (857.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 523.26 Td (Issuance of common) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 514.26 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.25 518.76 Td (67.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.25 518.76 Td (46.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 518.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 518.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 518.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 518.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 518.85 Td (114.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 518.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 518.85 Td (114.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 500.26 Td (Other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 500.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 500.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 500.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 500.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 500.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.25 500.26 Td (\(19.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 500.26 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 500.35 Td (\(19.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 500.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 500.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 500.35 Td (\(19.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 500.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 486.26 Td (Stock options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 486.26 Td 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BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 472.35 Td (\(171.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 472.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 472.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 472.35 Td (\(171.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 472.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 458.26 Td (Net \(loss\) / income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 458.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 458.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 458.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 458.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.75 458.26 Td (\(332.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 458.26 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 458.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.75 458.35 Td (\(332.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 458.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.25 458.26 Td (12.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 458.35 Td (\(320.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 458.35 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 444.35 Td (Balance at December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 435.35 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.00 439.85 Td (1,205.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.25 439.85 Td (48.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.75 439.85 Td (834.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 439.85 Td (\(1,188.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.00 439.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.75 439.85 Td (\(390.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.00 439.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 439.85 Td (\(58.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 439.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 439.85 Td (451.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.25 439.85 Td 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269.00 402.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 402.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 402.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.25 402.76 Td (34.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 402.85 Td (34.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.75 402.76 Td (0.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 402.85 Td (35.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 384.26 Td (Net \(loss\)/income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.00 384.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 384.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 384.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 384.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.25 384.26 Td (\(94.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 384.26 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 384.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 384.35 Td (\(94.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 384.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.25 384.26 Td (16.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 384.35 Td (\(78.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 384.35 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 370.26 Td (Reverse stock split and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 361.26 Td (capital reduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.00 365.76 Td (\(1,203.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.00 365.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.00 365.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 365.76 Td (1,203.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 365.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 365.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 365.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 365.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 365.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 564.00 365.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 347.35 Td (Balance at December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 338.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 162.75 342.85 Td (2.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.25 342.85 Td (49.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.00 342.85 Td (2,037.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 342.85 Td (\(1,188.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.00 342.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.75 342.85 Td (\(484.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.00 342.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 342.85 Td (\(23.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 342.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 342.85 Td (392.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.25 342.85 Td (26.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 342.85 Td (418.7) Tj ET Q BT /F1 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 306.30 Td (See ) Tj ET Q q 0 0 0 rg BT 50.74 306.30 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 105.47 306.30 Td (notes ) Tj ET Q q 0 0 0 rg BT 126.72 306.30 Td (that ) Tj ET Q q 0 0 0 rg BT 142.97 306.30 Td (ar) Tj ET Q q 0 0 0 rg BT 150.64 306.30 Td (e ) Tj ET Q q 0 0 0 rg BT 156.88 306.30 Td (an ) Tj ET Q q 0 0 0 rg BT 168.13 306.30 Td (integral ) Tj ET Q q 0 0 0 rg BT 198.88 306.30 Td (part ) Tj ET Q q 0 0 0 rg BT 216.14 306.30 Td (of ) Tj ET Q q 0 0 0 rg BT 225.39 306.30 Td (these ) Tj ET Q q 0 0 0 rg BT 246.13 306.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 296.38 306.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 333.62 306.30 Td (Statements.) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-10) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 205.15 747.90 Td (NOR) Tj ET Q q 0 0 0 rg BT 231.39 747.90 Td (TH ) Tj ET Q q 0 0 0 rg BT 251.07 747.90 Td (A) Tj ET Q q 0 0 0 rg BT 258.85 747.90 Td (TLANTIC DRILLING L) Tj ET Q q 0 0 0 rg BT 387.11 747.90 Td (TD.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 149.15 730.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 192.61 730.50 Td (T) Tj ET Q q 0 0 0 rg BT 200.40 730.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 284.52 730.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.54 730.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 396.33 730.50 Td (A) Tj ET Q q 0 0 0 rg BT 404.10 730.50 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 715.50 Td (Note 1 - General information) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 687.90 Td (As ) Tj ET Q q 0 0 0 rg BT 48.28 687.90 Td (used ) Tj ET Q q 0 0 0 rg BT 67.06 687.90 Td (herein, ) Tj ET Q q 0 0 0 rg BT 94.08 687.90 Td (and ) Tj ET Q q 0 0 0 rg BT 109.35 687.90 Td (unless ) Tj ET Q q 0 0 0 rg BT 134.13 687.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 171.40 687.90 Td (required ) Tj ET Q q 0 0 0 rg BT 203.67 687.90 Td (by ) Tj ET Q q 0 0 0 rg BT 214.95 687.90 Td (the ) Tj ET Q q 0 0 0 rg BT 228.23 687.90 Td (context, ) Tj ET Q q 0 0 0 rg BT 259.25 687.90 Td (the ) Tj ET Q q 0 0 0 rg BT 272.52 687.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 294.80 687.90 Td (North ) Tj ET Q q 0 0 0 rg BT 321.57 687.90 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 356.83 687.90 Td (and ) Tj ET Q q 0 0 0 rg BT 372.11 687.90 Td (North ) Tj ET Q q 0 0 0 rg BT 398.88 687.90 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 430.15 687.90 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 464.92 687.90 Td (refer ) Tj ET Q q 0 0 0 rg BT 484.18 687.90 Td (to ) Tj ET Q q 0 0 0 rg BT 493.47 687.90 Td (North ) Tj ET Q q 0 0 0 rg BT 516.24 687.90 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 547.51 687.90 Td (Drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 52.73 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.71 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.69 677.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 102.66 677.10 Td (Company, ) Tj ET Q q 0 0 0 rg BT 149.88 677.10 Td (we, ) Tj ET Q q 0 0 0 rg BT 172.60 677.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 207.82 677.10 Td (us ) Tj ET Q q 0 0 0 rg BT 225.79 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.77 677.10 Td (words ) Tj ET Q q 0 0 0 rg BT 264.75 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.23 677.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 301.21 677.10 Td (import ) Tj ET Q q 0 0 0 rg BT 327.19 677.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 346.16 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.14 677.10 Td (North ) Tj ET Q q 0 0 0 rg BT 377.68 677.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 408.66 677.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 439.14 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.12 677.10 Td (its ) Tj ET Q q 0 0 0 rg BT 464.60 677.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.07 677.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 552.54 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 565.02 677.10 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 666.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 64.67 666.30 Td (that ) Tj ET Q q 0 0 0 rg BT 80.34 666.30 Td (are ) Tj ET Q q 0 0 0 rg BT 93.50 666.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 141.16 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 156.33 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.50 666.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 217.16 666.30 Td (group ) Tj ET Q q 0 0 0 rg BT 240.33 666.30 Td (for ) Tj ET Q q 0 0 0 rg BT 253.00 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 266.17 666.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 294.84 666.30 Td (that ) Tj ET Q q 0 0 0 rg BT 310.51 666.30 Td (are ) Tj ET Q q 0 0 0 rg BT 323.67 666.30 Td (consolidated. ) Tj ET Q q 0 0 0 rg BT 373.43 666.30 Td (The ) Tj ET Q q 0 0 0 rg BT 389.59 666.30 Td (use ) Tj ET Q q 0 0 0 rg BT 403.76 666.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 428.42 666.30 Td (of ) Tj ET Q q 0 0 0 rg BT 438.10 666.30 Td (such ) Tj ET Q q 0 0 0 rg BT 456.77 666.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 478.94 666.30 Td (as ) Tj ET Q q 0 0 0 rg BT 488.61 666.30 Td (group, ) Tj ET Q q 0 0 0 rg BT 514.03 666.30 Td (or) Tj ET Q q 0 0 0 rg BT 521.36 666.30 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 563.27 666.30 Td (we, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 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475.99 655.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.34 655.50 Td (was ) Tj ET Q q 0 0 0 rg BT 529.68 655.50 Td (a ) Tj ET Q q 0 0 0 rg BT 536.02 655.50 Td (Norwegian ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 644.70 Td (Over ) Tj ET Q q 0 0 0 rg BT 56.33 644.70 Td (The ) Tj ET Q q 0 0 0 rg BT 72.85 644.70 Td (Counter ) Tj ET Q q 0 0 0 rg BT 104.37 644.70 Td (\(N-OTC\) ) Tj ET Q q 0 0 0 rg BT 140.39 644.70 Td (listed ) Tj ET Q q 0 0 0 rg BT 162.41 644.70 Td (company ) Tj ET Q q 0 0 0 rg BT 197.93 644.70 Td (at ) Tj ET Q q 0 0 0 rg BT 206.95 644.70 Td (December ) Tj ET Q q 0 0 0 rg BT 246.45 644.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 260.23 644.70 Td (2013. ) Tj ET Q q 0 0 0 rg BT 283.00 644.70 Td (On ) Tj ET Q q 0 0 0 rg BT 296.53 644.70 Td (January ) Tj ET Q q 0 0 0 rg BT 327.04 644.70 Td (29, ) Tj ET Q q 0 0 0 rg BT 340.82 644.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 361.35 644.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.87 644.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.39 644.70 Td (was ) Tj ET Q q 0 0 0 rg BT 428.91 644.70 Td (listed ) Tj ET Q q 0 0 0 rg BT 450.94 644.70 Td (on ) Tj ET Q q 0 0 0 rg BT 462.46 644.70 Td (the ) Tj ET Q q 0 0 0 rg BT 475.98 644.70 Td (New ) Tj ET Q q 0 0 0 rg BT 495.13 644.70 Td (Y) Tj ET Q q 0 0 0 rg BT 500.73 644.70 Td (ork ) Tj ET Q q 0 0 0 rg BT 515.25 644.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 538.28 644.70 Td (Exchange. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 633.90 Td (The ) Tj ET Q q 0 0 0 rg BT 51.53 633.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 88.07 633.90 Td (was ) Tj ET Q q 0 0 0 rg BT 103.61 633.90 Td (formed ) Tj ET Q q 0 0 0 rg BT 131.14 633.90 Td (as ) Tj ET Q q 0 0 0 rg BT 140.18 633.90 Td (a ) Tj ET Q q 0 0 0 rg BT 145.72 633.90 Td (wholly ) Tj ET Q q 0 0 0 rg BT 172.26 633.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 197.79 633.90 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 236.33 633.90 Td (of ) Tj ET Q q 0 0 0 rg BT 245.37 633.90 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 274.91 633.90 Td (Limited ) Tj ET Q q 0 0 0 rg BT 304.94 633.90 Td (\(Seadrill ) Tj ET Q q 0 0 0 rg BT 345.46 633.90 Td (or ) Tj ET Q q 0 0 0 rg BT 354.50 633.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.03 633.90 Td (Parent\) ) Tj ET Q q 0 0 0 rg BT 402.56 633.90 Td (on ) Tj ET Q q 0 0 0 rg BT 413.10 633.90 Td (February ) Tj ET Q q 0 0 0 rg BT 447.13 633.90 Td (10, ) Tj ET Q q 0 0 0 rg BT 459.92 633.90 Td (201) Tj ET Q q 0 0 0 rg BT 473.09 633.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 481.38 633.90 Td (under ) Tj ET Q q 0 0 0 rg BT 503.41 633.90 Td (the ) Tj ET Q q 0 0 0 rg BT 515.95 633.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 533.99 633.90 Td (of ) Tj ET Q q 0 0 0 rg BT 543.03 633.90 Td (Bermuda ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 44.85 623.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 73.19 623.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 99.52 623.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 139.87 623.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 179.73 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.08 623.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 218.92 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.78 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.63 623.10 Td (North ) Tj ET Q q 0 0 0 rg BT 263.07 623.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 293.91 623.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 321.01 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.73 623.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.50 623.10 Td (e ) Tj ET Q q 0 0 0 rg BT 336.35 623.10 Td (were ) Tj ET Q q 0 0 0 rg BT 355.69 623.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 393.02 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.88 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.73 623.10 Td (N-OTC ) Tj ET Q q 0 0 0 rg BT 446.08 623.10 Td (list ) Tj ET Q q 0 0 0 rg BT 458.93 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 469.79 623.10 Td (February ) Tj ET Q q 0 0 0 rg BT 504.13 623.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 517.23 623.10 Td (201) Tj ET Q q 0 0 0 rg BT 530.40 623.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 539.00 623.10 Td (Following ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 612.30 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 612.30 Td (Initial ) Tj ET Q q 0 0 0 rg BT 72.99 612.30 Td (Public ) Tj ET Q q 0 0 0 rg BT 98.24 612.30 Td (of) Tj ET Q q 0 0 0 rg BT 105.57 612.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 129.31 612.30 Td (on ) Tj ET Q q 0 0 0 rg BT 140.56 612.30 Td (January ) Tj ET Q q 0 0 0 rg BT 170.80 612.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 193.30 612.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 222.04 612.30 Td (owns ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.29 612.30 Td (70.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.54 612.30 Td ( ) Tj ET Q q 0 0 0 rg BT 268.79 612.30 Td (of ) Tj ET Q q 0 0 0 rg BT 278.38 612.30 Td (The ) Tj ET Q q 0 0 0 rg BT 294.62 612.30 Td (Company) Tj ET Q q 0 0 0 rg BT 329.03 612.30 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 584.70 Td (Through ) Tj ET Q q 0 0 0 rg BT 69.63 584.70 Td (the ) Tj ET Q q 0 0 0 rg BT 83.26 584.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 125.38 584.70 Td (of ) Tj ET Q q 0 0 0 rg BT 135.51 584.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 162.63 584.70 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 193.26 584.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 238.38 584.70 Td (and ) Tj ET Q q 0 0 0 rg BT 254.01 584.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 296.14 584.70 Td (in ) Tj ET Q q 0 0 0 rg BT 305.77 584.70 Td (newbuildings, ) Tj ET Q q 0 0 0 rg BT 359.15 584.70 Td (the ) Tj ET Q q 0 0 0 rg BT 372.78 584.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.41 584.70 Td (has ) Tj ET Q q 0 0 0 rg BT 425.04 584.70 Td (developed ) Tj ET Q q 0 0 0 rg BT 464.66 584.70 Td (into ) Tj ET Q q 0 0 0 rg BT 481.30 584.70 Td (a ) Tj ET Q q 0 0 0 rg BT 487.92 584.70 Td (leading ) Tj ET Q q 0 0 0 rg BT 517.05 584.70 Td (of) Tj ET Q q 0 0 0 rg BT 524.38 584.70 Td (fshore ) Tj ET Q q 0 0 0 rg BT 549.51 584.70 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 573.90 Td (contractor ) Tj ET Q q 0 0 0 rg BT 74.95 573.90 Td (in ) Tj ET Q q 0 0 0 rg BT 84.43 573.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.90 573.90 Td (North ) Tj ET Q q 0 0 0 rg BT 120.83 573.90 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 151.75 573.90 Td (Area. ) Tj ET Q q 0 0 0 rg BT 173.41 573.90 Td (As ) Tj ET Q q 0 0 0 rg BT 185.89 573.90 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.86 573.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 248.81 573.90 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.81 573.90 Td (, ) Tj ET Q q 0 0 0 rg BT 271.53 573.90 Td (we ) Tj ET Q q 0 0 0 rg BT 284.50 573.90 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.97 573.90 Td (seven) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.46 573.90 Td ( ) Tj ET Q q 0 0 0 rg BT 333.94 573.90 Td (of) Tj ET Q q 0 0 0 rg BT 341.27 573.90 Td (fshore ) Tj ET Q q 0 0 0 rg BT 366.24 573.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 395.21 573.90 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 413.44 573.90 Td (consisting ) Tj ET Q q 0 0 0 rg BT 452.42 573.90 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.39 573.90 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.38 573.90 Td ( ) Tj ET Q q 0 0 0 rg BT 477.86 573.90 Td (drillship, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.58 573.90 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.57 573.90 Td ( ) Tj ET Q q 0 0 0 rg BT 533.05 573.90 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 562.51 573.90 Td (rigs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 563.10 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.73 563.10 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.72 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.46 563.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 138.69 563.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 157.18 563.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.41 563.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 210.64 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.39 563.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 242.62 563.10 Td (environments. ) Tj ET Q q 0 0 0 rg BT 296.60 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.34 563.10 Td (In ) Tj ET Q q 0 0 0 rg BT 309.58 563.10 Td (addition, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.06 563.10 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.06 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.80 563.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 426.03 563.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 438.76 563.10 Td (under ) Tj ET Q q 0 0 0 rg BT 462.00 563.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 511.48 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.01 563.10 Td (W) Tj ET Q q 0 0 0 rg BT 532.79 563.10 Td (est ) Tj ET Q q 0 0 0 rg BT 545.53 563.10 Td (Rigel, ) Tj ET Q q 0 0 0 rg BT 570.01 563.10 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 552.30 Td (classified ) Tj ET Q q 0 0 0 rg BT 72.24 552.30 Td (as ) Tj ET Q q 0 0 0 rg BT 81.98 552.30 Td (an ) Tj ET Q q 0 0 0 rg BT 92.73 552.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 112.47 552.30 Td (held ) Tj ET Q q 0 0 0 rg BT 130.22 552.30 Td (for ) Tj ET Q q 0 0 0 rg BT 142.96 552.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 159.21 552.30 Td (as ) Tj ET Q q 0 0 0 rg BT 168.95 552.30 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.70 552.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 230.42 552.30 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.42 552.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 523.50 Td (Basis of pr) Tj ET Q q 0 0 0 rg BT 81.38 523.50 Td (esentation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 51.82 509.70 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 101.14 509.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 136.45 509.70 Td (Statements ) Tj ET Q q 0 0 0 rg BT 177.76 509.70 Td (are ) Tj ET Q q 0 0 0 rg BT 190.57 509.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 223.87 509.70 Td (in ) Tj ET Q q 0 0 0 rg BT 232.69 509.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 274.98 509.70 Td (with ) Tj ET Q q 0 0 0 rg BT 292.80 509.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 334.11 509.70 Td (principles ) Tj ET Q q 0 0 0 rg BT 371.42 509.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 406.73 509.70 Td (accepted ) Tj ET Q q 0 0 0 rg BT 440.02 509.70 Td (in ) Tj ET Q q 0 0 0 rg BT 448.84 509.70 Td (the ) Tj ET Q q 0 0 0 rg BT 461.66 509.70 Td (United ) Tj ET Q q 0 0 0 rg BT 487.98 509.70 Td (States ) Tj ET Q q 0 0 0 rg BT 511.30 509.70 Td (of ) Tj ET Q q 0 0 0 rg BT 520.21 509.70 Td (America ) Tj ET Q q 0 0 0 rg BT 553.02 509.70 Td (\(U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 498.90 Td (GAAP\). ) Tj ET Q q 0 0 0 rg BT 72.88 498.90 Td (Investments ) Tj ET Q q 0 0 0 rg BT 119.50 498.90 Td (in ) Tj ET Q q 0 0 0 rg BT 129.63 498.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 171.25 498.90 Td (in ) Tj ET Q q 0 0 0 rg BT 181.38 498.90 Td (which ) Tj ET Q q 0 0 0 rg BT 206.51 498.90 Td (we ) Tj ET Q q 0 0 0 rg BT 220.13 498.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 250.75 498.90 Td (or ) Tj ET Q q 0 0 0 rg BT 261.38 498.90 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 299.00 498.90 Td (hold ) Tj ET Q q 0 0 0 rg BT 318.13 498.90 Td (more ) Tj ET Q q 0 0 0 rg BT 339.76 498.90 Td (than ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.38 498.90 Td (50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.88 498.90 Td ( ) Tj ET Q q 0 0 0 rg BT 378.01 498.90 Td (of ) Tj ET Q q 0 0 0 rg BT 388.64 498.90 Td (the ) Tj ET Q q 0 0 0 rg BT 402.77 498.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 428.90 498.90 Td (control ) Tj ET Q q 0 0 0 rg BT 457.52 498.90 Td (are ) Tj ET Q q 0 0 0 rg BT 471.64 498.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 520.26 498.90 Td (in ) Tj ET Q q 0 0 0 rg BT 530.39 498.90 Td (the ) Tj ET Q q 0 0 0 rg BT 544.52 498.90 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 488.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 77.88 488.10 Td (All ) Tj ET Q q 0 0 0 rg BT 91.48 488.10 Td (inter) Tj ET Q q 0 0 0 rg BT 107.80 488.10 Td (-company ) Tj ET Q q 0 0 0 rg BT 145.89 488.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 178.97 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.07 488.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 239.16 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 252.25 488.10 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 294.44 488.10 Td (The ) Tj ET Q q 0 0 0 rg BT 310.54 488.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 343.14 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.23 488.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 392.82 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.92 488.10 Td (United ) Tj ET Q q 0 0 0 rg BT 428.52 488.10 Td (States ) Tj ET Q q 0 0 0 rg BT 452.12 488.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 478.72 488.10 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 503.82 488.10 Td (dollars\) ) Tj ET Q q 0 0 0 rg BT 537.41 488.10 Td (rounded ) Tj ET Q q 0 0 0 rg BT 569.01 488.10 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.30 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 477.30 Td (nearest ) Tj ET Q q 0 0 0 rg BT 76.98 477.30 Td (one ) Tj ET Q q 0 0 0 rg BT 92.22 477.30 Td (hundred ) Tj ET Q q 0 0 0 rg BT 123.97 477.30 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 160.96 477.30 Td (unless ) Tj ET Q q 0 0 0 rg BT 185.71 477.30 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 222.95 477.30 Td (stated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 448.50 Td (Basis of consolidation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.70 Td (The ) Tj ET Q q 0 0 0 rg BT 51.74 434.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 98.98 434.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 132.22 434.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 171.96 434.70 Td (include ) Tj ET Q q 0 0 0 rg BT 200.21 434.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.95 434.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.70 434.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.45 434.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 285.70 434.70 Td (of ) Tj ET Q q 0 0 0 rg BT 294.95 434.70 Td (the ) Tj ET Q q 0 0 0 rg BT 307.69 434.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.44 434.70 Td (and ) Tj ET Q q 0 0 0 rg BT 359.19 434.70 Td (its ) Tj ET Q q 0 0 0 rg BT 369.45 434.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 413.70 434.70 Td (and ) Tj ET Q q 0 0 0 rg BT 428.44 434.70 Td (variable ) Tj ET Q q 0 0 0 rg BT 459.18 434.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 487.42 434.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 515.17 434.70 Td (\("VIE"\) ) Tj ET Q q 0 0 0 rg BT 545.25 434.70 Td (in ) Tj ET Q q 0 0 0 rg BT 554.01 434.70 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 49.11 423.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 86.22 423.90 Td (is ) Tj ET Q q 0 0 0 rg BT 94.34 423.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 124.44 423.90 Td (to ) Tj ET Q q 0 0 0 rg BT 133.55 423.90 Td (be ) Tj ET Q q 0 0 0 rg BT 144.16 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 157.27 423.90 Td (primary ) Tj ET Q q 0 0 0 rg BT 187.87 423.90 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 227.76 423.90 Td (. ) Tj ET Q q 0 0 0 rg BT 232.12 423.90 Td ( ) Tj ET Q q 0 0 0 rg BT 234.08 423.90 Td (The ) Tj ET Q q 0 0 0 rg BT 250.19 423.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 299.80 423.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 335.40 423.90 Td (Statements ) Tj ET Q q 0 0 0 rg BT 377.01 423.90 Td (include ) Tj ET Q q 0 0 0 rg BT 405.62 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 418.73 423.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 441.84 423.90 Td (and ) Tj ET Q q 0 0 0 rg BT 456.94 423.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 492.55 423.90 Td (of ) Tj ET Q q 0 0 0 rg BT 502.16 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 515.27 423.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 552.38 423.90 Td (and ) Tj ET Q q 0 0 0 rg BT 567.49 423.90 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 82.50 413.10 Td (All ) Tj ET Q q 0 0 0 rg BT 96.25 413.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 147.98 413.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 181.21 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.46 413.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 241.69 413.10 Td (have ) Tj ET Q q 0 0 0 rg BT 260.93 413.10 Td (been ) Tj ET Q q 0 0 0 rg BT 280.17 413.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 320.41 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.66 413.10 Td (consolidation.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.50 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 385.50 Td ( ) Tj ET Q q 0 0 0 rg BT 44.19 385.50 Td (VIE ) Tj ET Q q 0 0 0 rg BT 61.54 385.50 Td (is ) Tj ET Q q 0 0 0 rg BT 69.89 385.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 99.23 385.50 Td (in ) Tj ET Q q 0 0 0 rg BT 108.07 385.50 Td (ASC ) Tj ET Q q 0 0 0 rg BT 127.76 385.50 Td (T) Tj ET Q q 0 0 0 rg BT 132.63 385.50 Td (opic ) Tj ET Q q 0 0 0 rg BT 150.48 385.50 Td (810 ) Tj ET Q q 0 0 0 rg BT 166.33 385.50 Td ("Consolidation" ) Tj ET Q q 0 0 0 rg BT 226.54 385.50 Td (\("ASC810"\) ) Tj ET Q q 0 0 0 rg BT 273.24 385.50 Td (as ) Tj ET Q q 0 0 0 rg BT 283.09 385.50 Td (a ) Tj ET Q q 0 0 0 rg BT 289.44 385.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 309.29 385.50 Td (entity ) Tj ET Q q 0 0 0 rg BT 332.14 385.50 Td (either ) Tj ET Q q 0 0 0 rg BT 354.98 385.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 367.32 385.50 Td (the ) Tj ET Q q 0 0 0 rg BT 380.67 385.50 Td (total ) Tj ET Q q 0 0 0 rg BT 399.02 385.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 423.87 385.50 Td (at ) Tj ET Q q 0 0 0 rg BT 432.72 385.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.58 385.50 Td (is ) Tj ET Q q 0 0 0 rg BT 456.94 385.50 Td (not ) Tj ET Q q 0 0 0 rg BT 470.79 385.50 Td (suf) Tj ET Q q 0 0 0 rg BT 481.63 385.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 506.97 385.50 Td (to ) Tj ET Q q 0 0 0 rg BT 516.33 385.50 Td (permit ) Tj ET Q q 0 0 0 rg BT 542.17 385.50 Td (the ) Tj ET Q q 0 0 0 rg BT 555.52 385.50 Td (entity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.70 Td (that ) Tj ET Q q 0 0 0 rg BT 51.93 374.70 Td (most ) Tj ET Q q 0 0 0 rg BT 71.88 374.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 119.30 374.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 146.23 374.70 Td (on ) Tj ET Q q 0 0 0 rg BT 157.67 374.70 Td (its ) Tj ET Q q 0 0 0 rg BT 168.61 374.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 203.54 374.70 Td (without ) Tj ET Q q 0 0 0 rg BT 233.48 374.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 271.91 374.70 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 320.83 374.70 Td (support; ) Tj ET Q q 0 0 0 rg BT 352.77 374.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 365.71 374.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 390.64 374.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 423.07 374.70 Td (holders ) Tj ET Q q 0 0 0 rg BT 452.00 374.70 Td (as ) Tj ET Q q 0 0 0 rg BT 461.94 374.70 Td (a ) Tj ET Q q 0 0 0 rg BT 468.37 374.70 Td (group ) Tj ET Q q 0 0 0 rg BT 491.81 374.70 Td (lack ) Tj ET Q q 0 0 0 rg BT 509.23 374.70 Td (either ) Tj ET Q q 0 0 0 rg BT 532.16 374.70 Td (i\) ) Tj ET Q q 0 0 0 rg BT 540.09 374.70 Td (the ) Tj ET Q q 0 0 0 rg BT 553.53 374.70 Td (power ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.90 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 363.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 67.99 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 81.23 363.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 115.97 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 125.71 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 138.96 363.90 Td (entity ) Tj ET Q q 0 0 0 rg BT 161.70 363.90 Td (that ) Tj ET Q q 0 0 0 rg BT 177.45 363.90 Td (most ) Tj ET Q q 0 0 0 rg BT 197.20 363.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 244.44 363.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 271.18 363.90 Td (on ) Tj ET Q q 0 0 0 rg BT 282.43 363.90 Td (its ) Tj ET Q q 0 0 0 rg BT 293.18 363.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 330.42 363.90 Td (success, ) Tj ET Q q 0 0 0 rg BT 361.91 363.90 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 372.15 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 385.40 363.90 Td (obligation ) Tj ET Q q 0 0 0 rg BT 424.14 363.90 Td (to ) Tj ET Q q 0 0 0 rg BT 433.39 363.90 Td (absorb ) Tj ET Q q 0 0 0 rg BT 459.64 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 472.88 363.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 507.11 363.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 530.86 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 540.60 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 553.85 363.90 Td (entity) Tj ET Q q 0 0 0 rg BT 573.76 363.90 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 45.88 353.10 Td (iii\) ) Tj ET Q q 0 0 0 rg BT 58.76 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.13 353.10 Td (right ) Tj ET Q q 0 0 0 rg BT 91.51 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.89 353.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 129.25 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.63 353.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 176.99 353.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 207.86 353.10 Td (return ) Tj ET Q q 0 0 0 rg BT 231.73 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.60 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.98 353.10 Td (entity; ) Tj ET Q q 0 0 0 rg BT 280.36 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.24 353.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 302.61 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.98 353.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 341.36 353.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 364.25 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.12 353.10 Td (some ) Tj ET Q q 0 0 0 rg BT 395.50 353.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 430.38 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.76 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.14 353.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 476.01 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 489.38 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 503.26 353.10 Td (proportional ) Tj ET Q q 0 0 0 rg BT 550.13 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 559.52 353.10 Td (their ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 342.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 73.23 342.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 105.48 342.30 Td (and ) Tj ET Q q 0 0 0 rg BT 120.72 342.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.97 342.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 168.71 342.30 Td (of ) Tj ET Q q 0 0 0 rg BT 178.45 342.30 Td (the ) Tj ET Q q 0 0 0 rg BT 191.70 342.30 Td (entity ) Tj ET Q q 0 0 0 rg BT 214.44 342.30 Td (involve ) Tj ET Q q 0 0 0 rg BT 243.69 342.30 Td (or ) Tj ET Q q 0 0 0 rg BT 253.44 342.30 Td (are ) Tj ET Q q 0 0 0 rg BT 266.67 342.30 Td (conducted ) Tj ET Q q 0 0 0 rg BT 305.91 342.30 Td (on ) Tj ET Q q 0 0 0 rg BT 317.16 342.30 Td (behalf ) Tj ET Q q 0 0 0 rg BT 341.89 342.30 Td (of ) Tj ET Q q 0 0 0 rg BT 351.64 342.30 Td (an ) Tj ET Q q 0 0 0 rg BT 362.39 342.30 Td (investor ) Tj ET Q q 0 0 0 rg BT 393.63 342.30 Td (with ) Tj ET Q q 0 0 0 rg BT 411.88 342.30 Td (disproportionately ) Tj ET Q q 0 0 0 rg BT 480.12 342.30 Td (small ) Tj ET Q q 0 0 0 rg BT 501.87 342.30 Td (voting ) Tj ET Q q 0 0 0 rg BT 527.12 342.30 Td (interests.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 314.70 Td (ASC ) Tj ET Q q 0 0 0 rg BT 55.69 314.70 Td (810 ) Tj ET Q q 0 0 0 rg BT 71.36 314.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 102.53 314.70 Td (a ) Tj ET Q q 0 0 0 rg BT 108.70 314.70 Td (variable ) Tj ET Q q 0 0 0 rg BT 139.86 314.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.53 314.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 191.20 314.70 Td (to ) Tj ET Q q 0 0 0 rg BT 200.38 314.70 Td (be ) Tj ET Q q 0 0 0 rg BT 211.05 314.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 258.72 314.70 Td (by ) Tj ET Q q 0 0 0 rg BT 269.90 314.70 Td (its ) Tj ET Q q 0 0 0 rg BT 280.58 314.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 311.24 314.70 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 351.13 314.70 Td (, ) Tj ET Q q 0 0 0 rg BT 355.56 314.70 Td (being ) Tj ET Q q 0 0 0 rg BT 377.73 314.70 Td (the ) Tj ET Q q 0 0 0 rg BT 390.91 314.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 419.57 314.70 Td (holder) Tj ET Q q 0 0 0 rg BT 442.21 314.70 Td (, ) Tj ET Q q 0 0 0 rg BT 446.63 314.70 Td (if ) Tj ET Q q 0 0 0 rg BT 454.31 314.70 Td (any) Tj ET Q q 0 0 0 rg BT 466.72 314.70 Td (, ) Tj ET Q q 0 0 0 rg BT 471.15 314.70 Td (which ) Tj ET Q q 0 0 0 rg BT 495.32 314.70 Td (has ) Tj ET Q q 0 0 0 rg BT 509.49 314.70 Td (both ) Tj ET Q q 0 0 0 rg BT 527.67 314.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 540.34 314.70 Td (the ) Tj ET Q q 0 0 0 rg BT 553.52 314.70 Td (power ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 303.90 Td (to ) Tj ET Q q 0 0 0 rg BT 45.50 303.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 68.48 303.90 Td (the ) Tj ET Q q 0 0 0 rg BT 81.97 303.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 116.96 303.90 Td (of ) Tj ET Q q 0 0 0 rg BT 126.95 303.90 Td (the ) Tj ET Q q 0 0 0 rg BT 140.45 303.90 Td (entity ) Tj ET Q q 0 0 0 rg BT 163.44 303.90 Td (which ) Tj ET Q q 0 0 0 rg BT 187.93 303.90 Td (most ) Tj ET Q q 0 0 0 rg BT 207.93 303.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 255.42 303.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 282.41 303.90 Td (on ) Tj ET Q q 0 0 0 rg BT 293.90 303.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.40 303.90 Td (entity`s ) Tj ET Q q 0 0 0 rg BT 336.89 303.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 374.37 303.90 Td (performance, ) Tj ET Q q 0 0 0 rg BT 424.59 303.90 Td (and ) Tj ET Q q 0 0 0 rg BT 440.08 303.90 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 453.07 303.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.56 303.90 Td (right ) Tj ET Q q 0 0 0 rg BT 486.06 303.90 Td (to ) Tj ET Q q 0 0 0 rg BT 495.56 303.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 524.03 303.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 555.02 303.90 Td (or ) Tj ET Q q 0 0 0 rg BT 565.01 303.90 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 74.75 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.00 293.10 Td (absorb ) Tj ET Q q 0 0 0 rg BT 110.24 293.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 133.99 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 153.74 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.98 293.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 189.73 293.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.97 293.10 Td (could ) Tj ET Q q 0 0 0 rg BT 236.22 293.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 276.96 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.71 293.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 327.95 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.20 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.44 293.10 Td (entity) Tj ET Q q 0 0 0 rg BT 370.35 293.10 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 265.50 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 265.50 Td (e ) Tj ET Q q 0 0 0 rg BT 50.70 265.50 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 83.62 265.50 Td (a ) Tj ET Q q 0 0 0 rg BT 90.33 265.50 Td (VIE, ) Tj ET Q q 0 0 0 rg BT 110.51 265.50 Td (in ) Tj ET Q q 0 0 0 rg BT 120.44 265.50 Td (order ) Tj ET Q q 0 0 0 rg BT 142.37 265.50 Td (to ) Tj ET Q q 0 0 0 rg BT 152.30 265.50 Td (determine ) Tj ET Q q 0 0 0 rg BT 191.22 265.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 223.14 265.50 Td (we ) Tj ET Q q 0 0 0 rg BT 236.56 265.50 Td (are ) Tj ET Q q 0 0 0 rg BT 250.48 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.41 265.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 295.83 265.50 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 339.24 265.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.67 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.60 265.50 Td (entity) Tj ET Q q 0 0 0 rg BT 383.51 265.50 Td (, ) Tj ET Q q 0 0 0 rg BT 388.70 265.50 Td (and ) Tj ET Q q 0 0 0 rg BT 404.63 265.50 Td (where ) Tj ET Q q 0 0 0 rg BT 429.54 265.50 Td (it ) Tj ET Q q 0 0 0 rg BT 437.48 265.50 Td (is ) Tj ET Q q 0 0 0 rg BT 446.42 265.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 489.83 265.50 Td (that ) Tj ET Q q 0 0 0 rg BT 506.26 265.50 Td (we ) Tj ET Q q 0 0 0 rg BT 519.69 265.50 Td (are ) Tj ET Q q 0 0 0 rg BT 533.61 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 547.54 265.50 Td (primary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 254.70 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 78.72 254.70 Td (we ) Tj ET Q q 0 0 0 rg BT 91.47 254.70 Td (fully ) Tj ET Q q 0 0 0 rg BT 110.72 254.70 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 153.95 254.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.20 254.70 Td (entity) Tj ET Q q 0 0 0 rg BT 187.11 254.70 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.10 Td (Intercompany ) Tj ET Q q 0 0 0 rg BT 87.50 227.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 132.01 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.53 227.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 175.54 227.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 194.56 227.10 Td (have ) Tj ET Q q 0 0 0 rg BT 213.07 227.10 Td (been ) Tj ET Q q 0 0 0 rg BT 231.58 227.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 271.09 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.61 227.10 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 333.88 227.10 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 374.88 227.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 395.40 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.92 227.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 432.94 227.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 458.96 227.10 Td (from ) Tj ET Q q 0 0 0 rg BT 477.98 227.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 522.49 227.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.01 227.10 Td (associates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 216.30 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 216.30 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 89.47 216.30 Td (to ) Tj ET Q q 0 0 0 rg BT 98.72 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 216.30 Td (extent ) Tj ET Q q 0 0 0 rg BT 136.21 216.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.96 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 159.20 216.30 Td (Company`s ) Tj ET Q q 0 0 0 rg BT 202.95 216.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 231.69 216.30 Td (in ) Tj ET Q q 0 0 0 rg BT 240.94 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.18 216.30 Td (entity) Tj ET Q q 0 0 0 rg BT 274.10 216.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 187.50 Td (Reverse stock split and capital r) Tj ET Q q 0 0 0 rg BT 172.20 187.50 Td (eduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.70 Td (In ) Tj ET Q q 0 0 0 rg BT 44.84 173.70 Td (December ) Tj ET Q q 0 0 0 rg BT 83.15 173.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 102.49 173.70 Td (the ) Tj ET Q q 0 0 0 rg BT 114.82 173.70 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 161.64 173.70 Td (in ) Tj ET Q q 0 0 0 rg BT 169.98 173.70 Td (a ) Tj ET Q q 0 0 0 rg BT 175.31 173.70 Td (special ) Tj ET Q q 0 0 0 rg BT 201.64 173.70 Td (general ) Tj ET Q q 0 0 0 rg BT 229.46 173.70 Td (meeting ) Tj ET Q q 0 0 0 rg BT 259.79 173.70 Td (approved ) Tj ET Q q 0 0 0 rg BT 294.61 173.70 Td (a ) Tj ET Q q 0 0 0 rg BT 299.95 173.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.27 173.70 Td (reor) Tj ET Q q 0 0 0 rg BT 339.60 173.70 Td (ganization ) Tj ET Q q 0 0 0 rg BT 378.42 173.70 Td (including ) Tj ET Q q 0 0 0 rg BT 413.76 173.70 Td (a ) Tj ET Q q 0 0 0 rg BT 419.09 173.70 Td (1-for) Tj ET Q q 0 0 0 rg BT 436.90 173.70 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.90 173.70 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.90 173.70 Td ( ) Tj ET Q q 0 0 0 rg BT 450.23 173.70 Td (reverse ) Tj ET Q q 0 0 0 rg BT 477.55 173.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 497.89 173.70 Td (split ) Tj ET Q q 0 0 0 rg BT 514.73 173.70 Td (of ) Tj ET Q q 0 0 0 rg BT 523.57 173.70 Td (the ) Tj ET Q q 0 0 0 rg BT 535.90 173.70 Td (Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 61.15 162.90 Td (and ) Tj ET Q q 0 0 0 rg BT 76.79 162.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 121.44 162.90 Td (common ) Tj ET Q q 0 0 0 rg BT 155.58 162.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.72 162.90 Td (and ) Tj ET Q q 0 0 0 rg BT 196.36 162.90 Td (reducing ) Tj ET Q q 0 0 0 rg BT 230.50 162.90 Td (par ) Tj ET Q q 0 0 0 rg BT 244.64 162.90 Td (value ) Tj ET Q q 0 0 0 rg BT 266.77 162.90 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.92 162.90 Td ($5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.17 162.90 Td ( ) Tj ET Q q 0 0 0 rg BT 309.81 162.90 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.46 162.90 Td ($0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.71 162.90 Td (. ) Tj ET Q q 0 0 0 rg BT 344.61 162.90 Td ( ) Tj ET Q q 0 0 0 rg BT 347.26 162.90 Td (In ) Tj ET Q q 0 0 0 rg BT 357.40 162.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 389.55 162.90 Td (the ) Tj ET Q q 0 0 0 rg BT 403.19 162.90 Td (total ) Tj ET Q q 0 0 0 rg BT 421.84 162.90 Td (authorized ) Tj ET Q q 0 0 0 rg BT 462.47 162.90 Td (share ) Tj ET Q q 0 0 0 rg BT 484.10 162.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 510.74 162.90 Td (was ) Tj ET Q q 0 0 0 rg BT 527.38 162.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 558.51 162.90 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 152.10 Td ($2,000.0 ) Tj ET Q q 0 0 0 rg BT 69.75 152.10 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.75 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 152.10 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.25 152.10 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 129.75 152.10 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.76 152.10 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.50 Td (As ) Tj ET Q q 0 0 0 rg BT 48.10 124.50 Td (a ) Tj ET Q q 0 0 0 rg BT 54.20 124.50 Td (result ) Tj ET Q q 0 0 0 rg BT 76.30 124.50 Td (of ) Tj ET Q q 0 0 0 rg BT 85.90 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 98.99 124.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 125.08 124.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 173.16 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 186.26 124.50 Td (number ) Tj ET Q q 0 0 0 rg BT 215.85 124.50 Td (of ) Tj ET Q q 0 0 0 rg BT 225.45 124.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 250.05 124.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 294.15 124.50 Td (has ) Tj ET Q q 0 0 0 rg BT 308.25 124.50 Td (fallen ) Tj ET Q q 0 0 0 rg BT 330.83 124.50 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.43 124.50 Td (241,142,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.43 124.50 Td ( ) Tj ET Q q 0 0 0 rg BT 397.53 124.50 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.63 124.50 Td (24,1) Tj ET Q q 0 0 0 rg BT 422.05 124.50 Td (14,232) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.80 124.50 Td (. ) Tj ET Q q 0 0 0 rg BT 450.69 124.50 Td (As ) Tj ET Q q 0 0 0 rg BT 462.79 124.50 Td (a ) Tj ET Q q 0 0 0 rg BT 468.89 124.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 493.23 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 506.33 124.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 530.93 124.50 Td (share ) Tj ET Q q 0 0 0 rg BT 552.02 124.50 Td (capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 113.70 Td (of ) Tj ET Q q 0 0 0 rg BT 45.66 113.70 Td (the ) Tj ET Q q 0 0 0 rg BT 58.82 113.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.98 113.70 Td (has ) Tj ET Q q 0 0 0 rg BT 110.15 113.70 Td (fallen ) Tj ET Q q 0 0 0 rg BT 132.80 113.70 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.46 113.70 Td ($1,205.7 ) Tj ET Q q 0 0 0 rg BT 186.12 113.70 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.12 113.70 Td ( ) Tj ET Q q 0 0 0 rg BT 214.29 113.70 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.45 113.70 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 241.37 113.70 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.37 113.70 Td ( ) Tj ET Q q 0 0 0 rg BT 269.53 113.70 Td (and ) Tj ET Q q 0 0 0 rg BT 284.69 113.70 Td (the ) Tj ET Q q 0 0 0 rg BT 297.85 113.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 341.01 113.70 Td (surplus ) Tj ET Q q 0 0 0 rg BT 369.17 113.70 Td (has ) Tj ET Q q 0 0 0 rg BT 383.33 113.70 Td (been ) Tj ET Q q 0 0 0 rg BT 402.49 113.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 438.63 113.70 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.80 113.70 Td ($1,203.3 ) Tj ET Q q 0 0 0 rg BT 483.46 113.70 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.46 113.70 Td (. ) Tj ET Q q 0 0 0 rg BT 513.88 113.70 Td ( ) Tj ET Q q 0 0 0 rg BT 516.04 113.70 Td (Refer ) Tj ET Q q 0 0 0 rg BT 538.19 113.70 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.36 113.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 567.02 113.70 Td (17) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 102.90 Td (- ) Tj ET Q q 0 0 0 rg BT 41.25 102.90 Td (Share ) Tj ET Q q 0 0 0 rg BT 63.99 102.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 92.23 102.90 Td (for ) Tj ET Q q 0 0 0 rg BT 104.98 102.90 Td (more ) Tj ET Q q 0 0 0 rg BT 125.72 102.90 Td (information.) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.65 25.30 Td (F-1) Tj ET Q q 0 0 0 rg BT 309.82 25.30 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Related party offsetting) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (Historically ) Tj ET Q q 0 0 0 rg BT 80.54 735.45 Td (the ) Tj ET Q q 0 0 0 rg BT 93.59 735.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.64 735.45 Td (presented ) Tj ET Q q 0 0 0 rg BT 167.17 735.45 Td (balances ) Tj ET Q q 0 0 0 rg BT 200.21 735.45 Td (due ) Tj ET Q q 0 0 0 rg BT 215.25 735.45 Td (to/from ) Tj ET Q q 0 0 0 rg BT 244.30 735.45 Td (Ship ) Tj ET Q q 0 0 0 rg BT 262.86 735.45 Td (Finance ) Tj ET Q q 0 0 0 rg BT 293.40 735.45 Td (on ) Tj ET Q q 0 0 0 rg BT 304.45 735.45 Td (a ) Tj ET Q q 0 0 0 rg BT 310.49 735.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 331.55 735.45 Td (basis. ) Tj ET Q q 0 0 0 rg BT 353.85 735.45 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 393.40 735.45 Td (on ) Tj ET Q q 0 0 0 rg BT 404.45 735.45 Td (June ) Tj ET Q q 0 0 0 rg BT 423.00 735.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 436.30 735.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 456.35 735.45 Td (the ) Tj ET Q q 0 0 0 rg BT 469.40 735.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 506.45 735.45 Td (elected ) Tj ET Q q 0 0 0 rg BT 533.98 735.45 Td (to ) Tj ET Q q 0 0 0 rg BT 543.03 735.45 Td (represent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 724.65 Td (this ) Tj ET Q q 0 0 0 rg BT 51.27 724.65 Td (on ) Tj ET Q q 0 0 0 rg BT 62.54 724.65 Td (a ) Tj ET Q q 0 0 0 rg BT 68.81 724.65 Td (net ) Tj ET Q q 0 0 0 rg BT 82.07 724.65 Td (basis, ) Tj ET Q q 0 0 0 rg BT 104.59 724.65 Td (due ) Tj ET Q q 0 0 0 rg BT 119.86 724.65 Td (to ) Tj ET Q q 0 0 0 rg BT 129.13 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 142.39 724.65 Td (fact ) Tj ET Q q 0 0 0 rg BT 158.15 724.65 Td (that ) Tj ET Q q 0 0 0 rg BT 173.92 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 187.18 724.65 Td (right ) Tj ET Q q 0 0 0 rg BT 206.45 724.65 Td (of ) Tj ET Q q 0 0 0 rg BT 216.22 724.65 Td (of) Tj ET Q q 0 0 0 rg BT 223.55 724.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 238.82 724.65 Td (is ) Tj ET Q q 0 0 0 rg BT 247.09 724.65 Td (established ) Tj ET Q q 0 0 0 rg BT 289.35 724.65 Td (in ) Tj ET Q q 0 0 0 rg BT 298.62 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 311.88 724.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 349.64 724.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 367.41 724.65 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 412.91 724.65 Td (and ) Tj ET Q q 0 0 0 rg BT 428.17 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 441.44 724.65 Td (balances ) Tj ET Q q 0 0 0 rg BT 474.69 724.65 Td (are ) Tj ET Q q 0 0 0 rg BT 487.95 724.65 Td (intended ) Tj ET Q q 0 0 0 rg BT 521.21 724.65 Td (to ) Tj ET Q q 0 0 0 rg BT 530.48 724.65 Td (be ) Tj ET Q q 0 0 0 rg BT 541.24 724.65 Td (settled ) Tj ET Q q 0 0 0 rg BT 567.00 724.65 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 713.85 Td (a ) Tj ET Q q 0 0 0 rg BT 41.99 713.85 Td (net ) Tj ET Q q 0 0 0 rg BT 54.97 713.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 77.21 713.85 Td (providing ) Tj ET Q q 0 0 0 rg BT 114.20 713.85 Td (a ) Tj ET Q q 0 0 0 rg BT 120.19 713.85 Td (more ) Tj ET Q q 0 0 0 rg BT 140.67 713.85 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 183.65 713.85 Td (description ) Tj ET Q q 0 0 0 rg BT 225.63 713.85 Td (of ) Tj ET Q q 0 0 0 rg BT 235.12 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 248.10 713.85 Td (Company) Tj ET Q q 0 0 0 rg BT 285.60 713.85 Td (s ) Tj ET Q q 0 0 0 rg BT 291.10 713.85 Td (related ) Tj ET Q q 0 0 0 rg BT 317.57 713.85 Td (party ) Tj ET Q q 0 0 0 rg BT 338.05 713.85 Td (net ) Tj ET Q q 0 0 0 rg BT 351.04 713.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.53 713.85 Td (position. ) Tj ET Q q 0 0 0 rg BT 401.33 713.85 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 448.31 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 461.30 713.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 498.29 713.85 Td (has ) Tj ET Q q 0 0 0 rg BT 512.28 713.85 Td (represented ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.74 713.85 Td ($14.3 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 703.05 Td ( ) Tj ET Q q 0 0 0 rg BT 64.28 703.05 Td (as ) Tj ET Q q 0 0 0 rg BT 74.05 703.05 Td (at ) Tj ET Q q 0 0 0 rg BT 82.82 703.05 Td (December ) Tj ET Q q 0 0 0 rg BT 122.07 703.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 135.60 703.05 Td (2014, ) Tj ET Q q 0 0 0 rg BT 158.12 703.05 Td (from ) Tj ET Q q 0 0 0 rg BT 177.39 703.05 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 212.67 703.05 Td (due ) Tj ET Q q 0 0 0 rg BT 227.94 703.05 Td (from ) Tj ET Q q 0 0 0 rg BT 247.71 703.05 Td (related ) Tj ET Q q 0 0 0 rg BT 274.47 703.05 Td (parties ) Tj ET Q q 0 0 0 rg BT 300.73 703.05 Td (\(current ) Tj ET Q q 0 0 0 rg BT 331.49 703.05 Td (assets\) ) Tj ET Q q 0 0 0 rg BT 357.76 703.05 Td (and ) Tj ET Q q 0 0 0 rg BT 373.03 703.05 Td (of) Tj ET Q q 0 0 0 rg BT 380.36 703.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 395.63 703.05 Td (against ) Tj ET Q q 0 0 0 rg BT 423.40 703.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 461.17 703.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 478.94 703.05 Td (due ) Tj ET Q q 0 0 0 rg BT 494.21 703.05 Td (to ) Tj ET Q q 0 0 0 rg BT 503.48 703.05 Td (related ) Tj ET Q q 0 0 0 rg BT 530.24 703.05 Td (parties ) Tj ET Q q 0 0 0 rg BT 556.50 703.05 Td (\(non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.25 Td (current ) Tj ET Q q 0 0 0 rg BT 63.71 692.25 Td (liabilities\). ) Tj ET Q q 0 0 0 rg BT 104.52 692.25 Td (There ) Tj ET Q q 0 0 0 rg BT 127.73 692.25 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.96 692.25 Td (no) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.96 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.19 692.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 200.91 692.25 Td (of) Tj ET Q q 0 0 0 rg BT 208.24 692.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 237.46 692.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 264.18 692.25 Td (as ) Tj ET Q q 0 0 0 rg BT 273.91 692.25 Td (at ) Tj ET Q q 0 0 0 rg BT 282.63 692.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 335.33 692.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 355.56 692.25 Td (as ) Tj ET Q q 0 0 0 rg BT 365.29 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.51 692.25 Td (short ) Tj ET Q q 0 0 0 rg BT 398.74 692.25 Td (term ) Tj ET Q q 0 0 0 rg BT 417.46 692.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 445.18 692.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 478.39 692.25 Td (are ) Tj ET Q q 0 0 0 rg BT 491.60 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.83 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.06 692.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 537.28 692.25 Td (position ) Tj ET Q q 0 0 0 rg BT 568.51 692.25 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 681.45 Td ($23.2 ) Tj ET Q q 0 0 0 rg BT 58.50 681.45 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.50 681.45 Td (. ) Tj ET Q q 0 0 0 rg BT 89.00 681.45 Td ( ) Tj ET Q q 0 0 0 rg BT 91.25 681.45 Td (Refer ) Tj ET Q q 0 0 0 rg BT 113.49 681.45 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 122.74 681.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 142.48 681.45 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.48 681.45 Td ( ) Tj ET Q q 0 0 0 rg BT 153.73 681.45 Td (- ) Tj ET Q q 0 0 0 rg BT 158.98 681.45 Td (Related ) Tj ET Q q 0 0 0 rg BT 188.72 681.45 Td (party ) Tj ET Q q 0 0 0 rg BT 209.46 681.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 254.70 681.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.94 681.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 289.69 681.45 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.69 681.45 Td ( ) Tj ET Q q 0 0 0 rg BT 300.94 681.45 Td (- ) Tj ET Q q 0 0 0 rg BT 306.02 681.45 Td (V) Tj ET Q q 0 0 0 rg BT 311.52 681.45 Td (ariable ) Tj ET Q q 0 0 0 rg BT 338.26 681.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 367.49 681.45 Td (Entity) Tj ET Q q 0 0 0 rg BT 388.91 681.45 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 652.65 Td (Note 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.49 652.65 Td ( - ) Tj ET Q q 0 0 0 rg BT 71.27 652.65 Td (Accounting policies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 625.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 93.98 625.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 124.22 625.05 Td (set ) Tj ET Q q 0 0 0 rg BT 136.47 625.05 Td (out ) Tj ET Q q 0 0 0 rg BT 150.22 625.05 Td (below ) Tj ET Q q 0 0 0 rg BT 174.46 625.05 Td (have ) Tj ET Q q 0 0 0 rg BT 193.70 625.05 Td (been ) Tj ET Q q 0 0 0 rg BT 212.94 625.05 Td (applied ) Tj ET Q q 0 0 0 rg BT 241.68 625.05 Td (consistently ) Tj ET Q q 0 0 0 rg BT 286.93 625.05 Td (to ) Tj ET Q q 0 0 0 rg BT 296.18 625.05 Td (all ) Tj ET Q q 0 0 0 rg BT 307.42 625.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 336.17 625.05 Td (in ) Tj ET Q q 0 0 0 rg BT 345.42 625.05 Td (these ) Tj ET Q q 0 0 0 rg BT 366.16 625.05 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 415.91 625.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 451.65 625.05 Td (Statements.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 597.45 Td (Use of estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.65 Td (Preparation ) Tj ET Q q 0 0 0 rg BT 80.15 583.65 Td (of ) Tj ET Q q 0 0 0 rg BT 90.32 583.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.47 583.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 165.12 583.65 Td (in ) Tj ET Q q 0 0 0 rg BT 174.79 583.65 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.92 583.65 Td (with ) Tj ET Q q 0 0 0 rg BT 236.59 583.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 255.27 583.65 Td (GAAP) Tj ET Q q 0 0 0 rg BT 279.44 583.65 Td ( ) Tj ET Q q 0 0 0 rg BT 282.10 583.65 Td (requires ) Tj ET Q q 0 0 0 rg BT 313.76 583.65 Td (management ) Tj ET Q q 0 0 0 rg BT 362.40 583.65 Td (to ) Tj ET Q q 0 0 0 rg BT 372.07 583.65 Td (make ) Tj ET Q q 0 0 0 rg BT 394.23 583.65 Td (estimates ) Tj ET Q q 0 0 0 rg BT 430.39 583.65 Td (and ) Tj ET Q q 0 0 0 rg BT 446.05 583.65 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 493.22 583.65 Td (that ) Tj ET Q q 0 0 0 rg BT 509.38 583.65 Td (af) Tj ET Q q 0 0 0 rg BT 516.21 583.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 532.37 583.65 Td (the ) Tj ET Q q 0 0 0 rg BT 546.03 583.65 Td (reported ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 69.09 572.85 Td (of ) Tj ET Q q 0 0 0 rg BT 79.18 572.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 102.77 572.85 Td (and ) Tj ET Q q 0 0 0 rg BT 118.36 572.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 154.45 572.85 Td (and ) Tj ET Q q 0 0 0 rg BT 170.04 572.85 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 209.13 572.85 Td (of ) Tj ET Q q 0 0 0 rg BT 219.22 572.85 Td (contingent ) Tj ET Q q 0 0 0 rg BT 259.80 572.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.39 572.85 Td (and ) Tj ET Q q 0 0 0 rg BT 298.98 572.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 335.07 572.85 Td (at ) Tj ET Q q 0 0 0 rg BT 344.16 572.85 Td (the ) Tj ET Q q 0 0 0 rg BT 357.75 572.85 Td (date ) Tj ET Q q 0 0 0 rg BT 375.33 572.85 Td (of ) Tj ET Q q 0 0 0 rg BT 385.42 572.85 Td (the ) Tj ET Q q 0 0 0 rg BT 399.01 572.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.09 572.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 473.67 572.85 Td (and ) Tj ET Q q 0 0 0 rg BT 489.26 572.85 Td (the ) Tj ET Q q 0 0 0 rg BT 502.85 572.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 535.42 572.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 568.52 572.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 70.23 562.05 Td (and ) Tj ET Q q 0 0 0 rg BT 85.48 562.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 120.22 562.05 Td (during ) Tj ET Q q 0 0 0 rg BT 145.96 562.05 Td (the ) Tj ET Q q 0 0 0 rg BT 159.21 562.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 194.45 562.05 Td (period. ) Tj ET Q q 0 0 0 rg BT 221.44 562.05 Td (Actual ) Tj ET Q q 0 0 0 rg BT 247.68 562.05 Td (results ) Tj ET Q q 0 0 0 rg BT 273.43 562.05 Td (could ) Tj ET Q q 0 0 0 rg BT 295.68 562.05 Td (dif) Tj ET Q q 0 0 0 rg BT 305.51 562.05 Td (fer ) Tj ET Q q 0 0 0 rg BT 317.75 562.05 Td (from ) Tj ET Q q 0 0 0 rg BT 337.50 562.05 Td (those ) Tj ET Q q 0 0 0 rg BT 358.74 562.05 Td (estimates.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 534.45 Td (Contract revenue ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 520.65 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 520.65 Td ( ) Tj ET Q q 0 0 0 rg BT 43.96 520.65 Td (substantial ) Tj ET Q q 0 0 0 rg BT 84.42 520.65 Td (majority ) Tj ET Q q 0 0 0 rg BT 116.87 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 126.33 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 139.28 520.65 Td (Company) Tj ET Q q 0 0 0 rg BT 176.78 520.65 Td (s ) Tj ET Q q 0 0 0 rg BT 182.25 520.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.19 520.65 Td (are ) Tj ET Q q 0 0 0 rg BT 229.14 520.65 Td (derived ) Tj ET Q q 0 0 0 rg BT 258.08 520.65 Td (from ) Tj ET Q q 0 0 0 rg BT 277.54 520.65 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 305.98 520.65 Td (based ) Tj ET Q q 0 0 0 rg BT 328.43 520.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 356.89 520.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 391.33 520.65 Td (\(which ) Tj ET Q q 0 0 0 rg BT 418.28 520.65 Td (may ) Tj ET Q q 0 0 0 rg BT 435.74 520.65 Td (include ) Tj ET Q q 0 0 0 rg BT 464.19 520.65 Td (lump ) Tj ET Q q 0 0 0 rg BT 484.65 520.65 Td (sum ) Tj ET Q q 0 0 0 rg BT 501.61 520.65 Td (fees ) Tj ET Q q 0 0 0 rg BT 518.06 520.65 Td (for ) Tj ET Q q 0 0 0 rg BT 530.52 520.65 Td (mobilization ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 509.85 Td (and ) Tj ET Q q 0 0 0 rg BT 51.97 509.85 Td (demobilization\) ) Tj ET Q q 0 0 0 rg BT 111.93 509.85 Td (and ) Tj ET Q q 0 0 0 rg BT 127.90 509.85 Td (other ) Tj ET Q q 0 0 0 rg BT 149.37 509.85 Td (service ) Tj ET Q q 0 0 0 rg BT 177.82 509.85 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 215.53 509.85 Td (Both ) Tj ET Q q 0 0 0 rg BT 236.01 509.85 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 265.47 509.85 Td (based ) Tj ET Q q 0 0 0 rg BT 288.94 509.85 Td (and ) Tj ET Q q 0 0 0 rg BT 304.91 509.85 Td (lump ) Tj ET Q q 0 0 0 rg BT 326.38 509.85 Td (sum ) Tj ET Q q 0 0 0 rg BT 344.36 509.85 Td (fee ) Tj ET Q q 0 0 0 rg BT 358.32 509.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 393.28 509.85 Td (are ) Tj ET Q q 0 0 0 rg BT 407.24 509.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 449.69 509.85 Td (ratably ) Tj ET Q q 0 0 0 rg BT 477.65 509.85 Td (over ) Tj ET Q q 0 0 0 rg BT 496.62 509.85 Td (the ) Tj ET Q q 0 0 0 rg BT 510.59 509.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 542.55 509.85 Td (period ) Tj ET Q q 0 0 0 rg BT 568.52 509.85 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 499.05 Td (services ) Tj ET Q q 0 0 0 rg BT 66.79 499.05 Td (are ) Tj ET Q q 0 0 0 rg BT 79.58 499.05 Td (rendered. ) Tj ET Q q 0 0 0 rg BT 115.12 499.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 139.42 499.05 Td (some ) Tj ET Q q 0 0 0 rg BT 160.22 499.05 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 196.76 499.05 Td (the ) Tj ET Q q 0 0 0 rg BT 209.56 499.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.37 499.05 Td (is ) Tj ET Q q 0 0 0 rg BT 254.18 499.05 Td (entitled ) Tj ET Q q 0 0 0 rg BT 282.97 499.05 Td (to ) Tj ET Q q 0 0 0 rg BT 291.78 499.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 329.58 499.05 Td (payments ) Tj ET Q q 0 0 0 rg BT 365.88 499.05 Td (for ) Tj ET Q q 0 0 0 rg BT 378.18 499.05 Td (meeting ) Tj ET Q q 0 0 0 rg BT 408.97 499.05 Td (or ) Tj ET Q q 0 0 0 rg BT 418.28 499.05 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 456.56 499.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 482.85 499.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 530.13 499.05 Td (tar) Tj ET Q q 0 0 0 rg BT 539.46 499.05 Td (gets. ) Tj ET Q q 0 0 0 rg BT 558.01 499.05 Td (Such ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 488.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 74.98 488.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 112.47 488.25 Td (are ) Tj ET Q q 0 0 0 rg BT 126.45 488.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 168.92 488.25 Td (when ) Tj ET Q q 0 0 0 rg BT 191.40 488.25 Td (any ) Tj ET Q q 0 0 0 rg BT 207.39 488.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 256.36 488.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 293.84 488.25 Td (achievements ) Tj ET Q q 0 0 0 rg BT 345.81 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.30 488.25 Td (such ) Tj ET Q q 0 0 0 rg BT 375.79 488.25 Td (tar) Tj ET Q q 0 0 0 rg BT 385.12 488.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 402.61 488.25 Td (are ) Tj ET Q q 0 0 0 rg BT 416.59 488.25 Td (resolved ) Tj ET Q q 0 0 0 rg BT 450.07 488.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.56 488.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 481.55 488.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 525.04 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.53 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.51 488.25 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 477.45 Td (program.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 449.85 Td (In ) Tj ET Q q 0 0 0 rg BT 45.54 449.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 87.06 449.85 Td (with ) Tj ET Q q 0 0 0 rg BT 105.11 449.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 133.65 449.85 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 170.42 449.85 Td (the ) Tj ET Q q 0 0 0 rg BT 183.46 449.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.50 449.85 Td (may ) Tj ET Q q 0 0 0 rg BT 238.04 449.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 266.05 449.85 Td (lump ) Tj ET Q q 0 0 0 rg BT 286.60 449.85 Td (sum ) Tj ET Q q 0 0 0 rg BT 303.64 449.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 320.17 449.85 Td (for ) Tj ET Q q 0 0 0 rg BT 332.71 449.85 Td (the ) Tj ET Q q 0 0 0 rg BT 345.74 449.85 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 393.28 449.85 Td (of ) Tj ET Q q 0 0 0 rg BT 402.82 449.85 Td (equipment ) Tj ET Q q 0 0 0 rg BT 442.85 449.85 Td (and ) Tj ET Q q 0 0 0 rg BT 457.88 449.85 Td (personnel ) Tj ET Q q 0 0 0 rg BT 494.91 449.85 Td (or ) Tj ET Q q 0 0 0 rg BT 504.45 449.85 Td (for ) Tj ET Q q 0 0 0 rg BT 516.99 449.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 543.02 449.85 Td (additions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.05 Td (and ) Tj ET Q q 0 0 0 rg BT 51.13 439.05 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 85.76 439.05 Td (prior ) Tj ET Q q 0 0 0 rg BT 105.39 439.05 Td (to ) Tj ET Q q 0 0 0 rg BT 114.53 439.05 Td (commencement ) Tj ET Q q 0 0 0 rg BT 173.64 439.05 Td (of ) Tj ET Q q 0 0 0 rg BT 183.27 439.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 211.91 439.05 Td (services. ) Tj ET Q q 0 0 0 rg BT 245.13 439.05 Td (These ) Tj ET Q q 0 0 0 rg BT 268.75 439.05 Td (up-front ) Tj ET Q q 0 0 0 rg BT 300.38 439.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 317.01 439.05 Td (are ) Tj ET Q q 0 0 0 rg BT 330.13 439.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 371.74 439.05 Td (as ) Tj ET Q q 0 0 0 rg BT 381.38 439.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 411.99 439.05 Td (over ) Tj ET Q q 0 0 0 rg BT 430.12 439.05 Td (the ) Tj ET Q q 0 0 0 rg BT 443.25 439.05 Td (original ) Tj ET Q q 0 0 0 rg BT 473.38 439.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 504.50 439.05 Td (term, ) Tj ET Q q 0 0 0 rg BT 525.38 439.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 563.01 439.05 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 72.74 428.25 Td (option ) Tj ET Q q 0 0 0 rg BT 97.99 428.25 Td (periods.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 400.65 Td (In ) Tj ET Q q 0 0 0 rg BT 45.83 400.65 Td (some ) Tj ET Q q 0 0 0 rg BT 67.15 400.65 Td (cases, ) Tj ET Q q 0 0 0 rg BT 90.72 400.65 Td (the ) Tj ET Q q 0 0 0 rg BT 104.04 400.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 141.37 400.65 Td (may ) Tj ET Q q 0 0 0 rg BT 159.20 400.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 187.50 400.65 Td (lump ) Tj ET Q q 0 0 0 rg BT 208.33 400.65 Td (sum ) Tj ET Q q 0 0 0 rg BT 225.66 400.65 Td (non-contingent ) Tj ET Q q 0 0 0 rg BT 282.48 400.65 Td (fees ) Tj ET Q q 0 0 0 rg BT 299.30 400.65 Td (or ) Tj ET Q q 0 0 0 rg BT 309.12 400.65 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 337.94 400.65 Td (based ) Tj ET Q q 0 0 0 rg BT 360.76 400.65 Td (fees ) Tj ET Q q 0 0 0 rg BT 377.57 400.65 Td (from ) Tj ET Q q 0 0 0 rg BT 397.40 400.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 436.22 400.65 Td (for ) Tj ET Q q 0 0 0 rg BT 449.04 400.65 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 505.36 400.65 Td (upon ) Tj ET Q q 0 0 0 rg BT 525.69 400.65 Td (completion ) Tj ET Q q 0 0 0 rg BT 568.51 400.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 389.85 Td (a ) Tj ET Q q 0 0 0 rg BT 41.54 389.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 69.59 389.85 Td (contract. ) Tj ET Q q 0 0 0 rg BT 102.38 389.85 Td (Non-contingent ) Tj ET Q q 0 0 0 rg BT 160.41 389.85 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 215.95 389.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 231.99 389.85 Td (are ) Tj ET Q q 0 0 0 rg BT 244.53 389.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 285.55 389.85 Td (as ) Tj ET Q q 0 0 0 rg BT 294.60 389.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 324.63 389.85 Td (over ) Tj ET Q q 0 0 0 rg BT 342.17 389.85 Td (the ) Tj ET Q q 0 0 0 rg BT 354.72 389.85 Td (original ) Tj ET Q q 0 0 0 rg BT 384.26 389.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 414.79 389.85 Td (term, ) Tj ET Q q 0 0 0 rg BT 435.09 389.85 Td (excluding ) Tj ET Q q 0 0 0 rg BT 472.13 389.85 Td (any ) Tj ET Q q 0 0 0 rg BT 486.67 389.85 Td (extension ) Tj ET Q q 0 0 0 rg BT 522.72 389.85 Td (option ) Tj ET Q q 0 0 0 rg BT 547.27 389.85 Td (periods. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 379.05 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 78.25 379.05 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 134.49 379.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 151.22 379.05 Td (are ) Tj ET Q q 0 0 0 rg BT 164.46 379.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 206.19 379.05 Td (as ) Tj ET Q q 0 0 0 rg BT 215.93 379.05 Td (earned ) Tj ET Q q 0 0 0 rg BT 242.17 379.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.42 379.05 Td (completion ) Tj ET Q q 0 0 0 rg BT 305.16 379.05 Td (of ) Tj ET Q q 0 0 0 rg BT 314.90 379.05 Td (the ) Tj ET Q q 0 0 0 rg BT 328.15 379.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 356.90 379.05 Td (contract.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.45 Td (Fees ) Tj ET Q q 0 0 0 rg BT 54.47 351.45 Td (received ) Tj ET Q q 0 0 0 rg BT 86.92 351.45 Td (from ) Tj ET Q q 0 0 0 rg BT 106.39 351.45 Td (customers ) Tj ET Q q 0 0 0 rg BT 144.86 351.45 Td (under ) Tj ET Q q 0 0 0 rg BT 167.32 351.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 195.80 351.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 230.25 351.45 Td (for ) Tj ET Q q 0 0 0 rg BT 242.72 351.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 268.68 351.45 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 303.14 351.45 Td (are ) Tj ET Q q 0 0 0 rg BT 316.10 351.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 348.05 351.45 Td (and ) Tj ET Q q 0 0 0 rg BT 363.02 351.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 404.47 351.45 Td (over ) Tj ET Q q 0 0 0 rg BT 422.44 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 435.41 351.45 Td (remaining ) Tj ET Q q 0 0 0 rg BT 473.87 351.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 504.83 351.45 Td (term, ) Tj ET Q q 0 0 0 rg BT 525.54 351.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 563.01 351.45 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 340.65 Td (extension ) Tj ET Q q 0 0 0 rg BT 72.74 340.65 Td (option ) Tj ET Q q 0 0 0 rg BT 97.99 340.65 Td (periods.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 313.05 Td (In ) Tj ET Q q 0 0 0 rg BT 45.90 313.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 72.79 313.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 108.18 313.05 Td (in ) Tj ET Q q 0 0 0 rg BT 117.58 313.05 Td (which ) Tj ET Q q 0 0 0 rg BT 141.98 313.05 Td (we ) Tj ET Q q 0 0 0 rg BT 154.88 313.05 Td (operate, ) Tj ET Q q 0 0 0 rg BT 186.02 313.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 206.91 313.05 Td (such ) Tj ET Q q 0 0 0 rg BT 225.81 313.05 Td (as ) Tj ET Q q 0 0 0 rg BT 235.71 313.05 Td (sales, ) Tj ET Q q 0 0 0 rg BT 257.86 313.05 Td (use, ) Tj ET Q q 0 0 0 rg BT 274.51 313.05 Td (value-added, ) Tj ET Q q 0 0 0 rg BT 323.14 313.05 Td (gross ) Tj ET Q q 0 0 0 rg BT 344.55 313.05 Td (receipts ) Tj ET Q q 0 0 0 rg BT 374.94 313.05 Td (and ) Tj ET Q q 0 0 0 rg BT 390.34 313.05 Td (excise ) Tj ET Q q 0 0 0 rg BT 415.23 313.05 Td (may ) Tj ET Q q 0 0 0 rg BT 433.13 313.05 Td (be ) Tj ET Q q 0 0 0 rg BT 444.02 313.05 Td (assessed ) Tj ET Q q 0 0 0 rg BT 476.92 313.05 Td (by ) Tj ET Q q 0 0 0 rg BT 488.32 313.05 Td (the ) Tj ET Q q 0 0 0 rg BT 501.72 313.05 Td (local ) Tj ET Q q 0 0 0 rg BT 521.62 313.05 Td (government ) Tj ET Q q 0 0 0 rg BT 567.01 313.05 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 302.25 Td (our ) Tj ET Q q 0 0 0 rg BT 50.25 302.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 86.57 302.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.34 302.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.59 302.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 136.32 302.25 Td (record ) Tj ET Q q 0 0 0 rg BT 161.55 302.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.80 302.25 Td (tax-assessed ) Tj ET Q q 0 0 0 rg BT 222.53 302.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 253.27 302.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 298.50 302.25 Td (on ) Tj ET Q q 0 0 0 rg BT 309.75 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.00 302.25 Td (net ) Tj ET Q q 0 0 0 rg BT 329.24 302.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 349.49 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.74 302.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.99 302.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 420.73 302.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 457.47 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.21 302.25 Td (income.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 274.65 Td (Reimbursables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.01 274.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 260.85 Td (Reimbursements ) Tj ET Q q 0 0 0 rg BT 98.53 260.85 Td (received ) Tj ET Q q 0 0 0 rg BT 131.05 260.85 Td (for ) Tj ET Q q 0 0 0 rg BT 143.59 260.85 Td (the ) Tj ET Q q 0 0 0 rg BT 156.63 260.85 Td (purchases ) Tj ET Q q 0 0 0 rg BT 194.15 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 203.69 260.85 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 237.49 260.85 Td (personnel ) Tj ET Q q 0 0 0 rg BT 274.52 260.85 Td (services ) Tj ET Q q 0 0 0 rg BT 305.55 260.85 Td (and ) Tj ET Q q 0 0 0 rg BT 320.58 260.85 Td (other ) Tj ET Q q 0 0 0 rg BT 341.12 260.85 Td (services ) Tj ET Q q 0 0 0 rg BT 372.15 260.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 406.18 260.85 Td (on ) Tj ET Q q 0 0 0 rg BT 417.23 260.85 Td (behalf ) Tj ET Q q 0 0 0 rg BT 441.75 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 451.29 260.85 Td (and ) Tj ET Q q 0 0 0 rg BT 466.33 260.85 Td (at ) Tj ET Q q 0 0 0 rg BT 474.87 260.85 Td (the ) Tj ET Q q 0 0 0 rg BT 487.91 260.85 Td (request ) Tj ET Q q 0 0 0 rg BT 515.94 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 525.48 260.85 Td (our ) Tj ET Q q 0 0 0 rg BT 539.52 260.85 Td (customers ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.05 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 250.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 87.97 250.05 Td (with ) Tj ET Q q 0 0 0 rg BT 106.22 250.05 Td (a ) Tj ET Q q 0 0 0 rg BT 112.46 250.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 143.69 250.05 Td (or ) Tj ET Q q 0 0 0 rg BT 153.44 250.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 193.17 250.05 Td (are ) Tj ET Q q 0 0 0 rg BT 206.40 250.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 240.13 250.05 Td (as ) Tj ET Q q 0 0 0 rg BT 249.88 250.05 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 282.70 250.05 Td (The ) Tj ET Q q 0 0 0 rg BT 298.94 250.05 Td (related ) Tj ET Q q 0 0 0 rg BT 325.67 250.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 345.92 250.05 Td (are ) Tj ET Q q 0 0 0 rg BT 359.16 250.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 392.88 250.05 Td (as ) Tj ET Q q 0 0 0 rg BT 402.63 250.05 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 451.86 250.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 486.60 250.05 Td (in ) Tj ET Q q 0 0 0 rg BT 495.85 250.05 Td (the ) Tj ET Q q 0 0 0 rg BT 509.10 250.05 Td (same ) Tj ET Q q 0 0 0 rg BT 529.84 250.05 Td (period.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.25 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 222.45 Td (Other revenues ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.65 Td (In ) Tj ET Q q 0 0 0 rg BT 45.75 208.65 Td (a ) Tj ET Q q 0 0 0 rg BT 51.99 208.65 Td (business ) Tj ET Q q 0 0 0 rg BT 84.74 208.65 Td (combination ) Tj ET Q q 0 0 0 rg BT 131.98 208.65 Td (there ) Tj ET Q q 0 0 0 rg BT 152.21 208.65 Td (may ) Tj ET Q q 0 0 0 rg BT 169.96 208.65 Td (exist ) Tj ET Q q 0 0 0 rg BT 189.20 208.65 Td (favorable ) Tj ET Q q 0 0 0 rg BT 225.43 208.65 Td (and ) Tj ET Q q 0 0 0 rg BT 240.67 208.65 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 285.90 208.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 314.64 208.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 349.38 208.65 Td (which ) Tj ET Q q 0 0 0 rg BT 373.62 208.65 Td (are ) Tj ET Q q 0 0 0 rg BT 386.85 208.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 420.58 208.65 Td (at ) Tj ET Q q 0 0 0 rg BT 429.32 208.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 444.06 208.65 Td (value ) Tj ET Q q 0 0 0 rg BT 465.80 208.65 Td (at ) Tj ET Q q 0 0 0 rg BT 474.54 208.65 Td (the ) Tj ET Q q 0 0 0 rg BT 487.78 208.65 Td (date ) Tj ET Q q 0 0 0 rg BT 505.02 208.65 Td (of ) Tj ET Q q 0 0 0 rg BT 514.77 208.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 556.51 208.65 Td (when ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.85 Td (the ) Tj ET Q q 0 0 0 rg BT 48.69 197.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 82.37 197.85 Td (price ) Tj ET Q q 0 0 0 rg BT 102.05 197.85 Td (allocation ) Tj ET Q q 0 0 0 rg BT 139.24 197.85 Td (is ) Tj ET Q q 0 0 0 rg BT 146.94 197.85 Td (prepared. ) Tj ET Q q 0 0 0 rg BT 181.99 197.85 Td (A) Tj ET Q q 0 0 0 rg BT 187.99 197.85 Td ( ) Tj ET Q q 0 0 0 rg BT 189.68 197.85 Td (favorable ) Tj ET Q q 0 0 0 rg BT 225.36 197.85 Td (or ) Tj ET Q q 0 0 0 rg BT 234.55 197.85 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 279.23 197.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 307.42 197.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 338.10 197.85 Td (is ) Tj ET Q q 0 0 0 rg BT 345.80 197.85 Td (a ) Tj ET Q q 0 0 0 rg BT 351.49 197.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 382.17 197.85 Td (that ) Tj ET Q q 0 0 0 rg BT 397.36 197.85 Td (has ) Tj ET Q q 0 0 0 rg BT 411.05 197.85 Td (a ) Tj ET Q q 0 0 0 rg BT 416.75 197.85 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 444.92 197.85 Td (which ) Tj ET Q q 0 0 0 rg BT 468.61 197.85 Td (dif) Tj ET Q q 0 0 0 rg BT 478.45 197.85 Td (fers ) Tj ET Q q 0 0 0 rg BT 493.64 197.85 Td (from ) Tj ET Q q 0 0 0 rg BT 512.83 197.85 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 551.01 197.85 Td (market ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 187.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 54.65 187.05 Td (at ) Tj ET Q q 0 0 0 rg BT 62.80 187.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.45 187.05 Td (time ) Tj ET Q q 0 0 0 rg BT 93.10 187.05 Td (of ) Tj ET Q q 0 0 0 rg BT 102.26 187.05 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 145.54 187.05 Td (The ) Tj ET Q q 0 0 0 rg BT 161.19 187.05 Td (net ) Tj ET Q q 0 0 0 rg BT 173.84 187.05 Td (present ) Tj ET Q q 0 0 0 rg BT 201.48 187.05 Td (value ) Tj ET Q q 0 0 0 rg BT 222.63 187.05 Td (of ) Tj ET Q q 0 0 0 rg BT 231.78 187.05 Td (such ) Tj ET Q q 0 0 0 rg BT 249.94 187.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 284.08 187.05 Td (is ) Tj ET Q q 0 0 0 rg BT 291.74 187.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 324.87 187.05 Td (as ) Tj ET Q q 0 0 0 rg BT 334.03 187.05 Td (an ) Tj ET Q q 0 0 0 rg BT 344.18 187.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 363.33 187.05 Td (or ) Tj ET Q q 0 0 0 rg BT 372.48 187.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 402.14 187.05 Td (at ) Tj ET Q q 0 0 0 rg BT 410.29 187.05 Td (the ) Tj ET Q q 0 0 0 rg BT 422.94 187.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 456.58 187.05 Td (date ) Tj ET Q q 0 0 0 rg BT 473.23 187.05 Td (and ) Tj ET Q q 0 0 0 rg BT 487.88 187.05 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 536.53 187.05 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 176.25 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 176.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 76.48 176.25 Td (or ) Tj ET Q q 0 0 0 rg BT 86.23 176.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 122.46 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.71 176.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 162.44 176.25 Td (over ) Tj ET Q q 0 0 0 rg BT 180.69 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.93 176.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 225.16 176.25 Td (term.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 148.65 Td (Mobilization and demobilization expenses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 134.85 Td (Mobilization ) Tj ET Q q 0 0 0 rg BT 85.30 134.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 106.11 134.85 Td (incurred ) Tj ET Q q 0 0 0 rg BT 138.90 134.85 Td (as ) Tj ET Q q 0 0 0 rg BT 149.21 134.85 Td (part ) Tj ET Q q 0 0 0 rg BT 166.01 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 176.31 134.85 Td (a ) Tj ET Q q 0 0 0 rg BT 183.12 134.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 214.91 134.85 Td (are ) Tj ET Q q 0 0 0 rg BT 228.70 134.85 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 270.48 134.85 Td (and ) Tj ET Q q 0 0 0 rg BT 286.29 134.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 328.57 134.85 Td (as ) Tj ET Q q 0 0 0 rg BT 338.88 134.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 370.67 134.85 Td (over ) Tj ET Q q 0 0 0 rg BT 389.47 134.85 Td (the ) Tj ET Q q 0 0 0 rg BT 403.27 134.85 Td (original ) Tj ET Q q 0 0 0 rg BT 434.07 134.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 465.86 134.85 Td (term, ) Tj ET Q q 0 0 0 rg BT 487.42 134.85 Td (excluding ) Tj ET Q q 0 0 0 rg BT 525.71 134.85 Td (any ) Tj ET Q q 0 0 0 rg BT 541.52 134.85 Td (extension ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.05 Td (option ) Tj ET Q q 0 0 0 rg BT 61.25 124.05 Td (periods. ) Tj ET Q q 0 0 0 rg BT 92.08 124.05 Td (The ) Tj ET Q q 0 0 0 rg BT 108.33 124.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 128.58 124.05 Td (of ) Tj ET Q q 0 0 0 rg BT 138.32 124.05 Td (relocating ) Tj ET Q q 0 0 0 rg BT 176.55 124.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 205.30 124.05 Td (rigs ) Tj ET Q q 0 0 0 rg BT 221.05 124.05 Td (that ) Tj ET Q q 0 0 0 rg BT 236.80 124.05 Td (are ) Tj ET Q q 0 0 0 rg BT 250.04 124.05 Td (not ) Tj ET Q q 0 0 0 rg BT 263.79 124.05 Td (under ) Tj ET Q q 0 0 0 rg BT 286.53 124.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 317.76 124.05 Td (are ) Tj ET Q q 0 0 0 rg BT 331.00 124.05 Td (expensed ) Tj ET Q q 0 0 0 rg BT 366.73 124.05 Td (as ) Tj ET Q q 0 0 0 rg BT 376.48 124.05 Td (incurred.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 96.45 Td (Demobilization ) Tj ET Q q 0 0 0 rg BT 93.91 96.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 113.84 96.45 Td (are ) Tj ET Q q 0 0 0 rg BT 126.76 96.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 146.69 96.45 Td (related ) Tj ET Q q 0 0 0 rg BT 173.10 96.45 Td (to ) Tj ET Q q 0 0 0 rg BT 182.02 96.45 Td (the ) Tj ET Q q 0 0 0 rg BT 194.95 96.45 Td (transfer ) Tj ET Q q 0 0 0 rg BT 224.36 96.45 Td (of ) Tj ET Q q 0 0 0 rg BT 233.78 96.45 Td (a ) Tj ET Q q 0 0 0 rg BT 239.71 96.45 Td (vessel ) Tj ET Q q 0 0 0 rg BT 263.63 96.45 Td (or ) Tj ET Q q 0 0 0 rg BT 273.06 96.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 301.48 96.45 Td (rig ) Tj ET Q q 0 0 0 rg BT 313.41 96.45 Td (to ) Tj ET Q q 0 0 0 rg BT 322.34 96.45 Td (a ) Tj ET Q q 0 0 0 rg BT 328.26 96.45 Td (safe ) Tj ET Q q 0 0 0 rg BT 344.68 96.45 Td (harbor ) Tj ET Q q 0 0 0 rg BT 370.09 96.45 Td (or ) Tj ET Q q 0 0 0 rg BT 379.52 96.45 Td (dif) Tj ET Q q 0 0 0 rg BT 389.35 96.45 Td (ferent ) Tj ET Q q 0 0 0 rg BT 412.27 96.45 Td (geographic ) Tj ET Q q 0 0 0 rg BT 454.18 96.45 Td (area ) Tj ET Q q 0 0 0 rg BT 471.09 96.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.01 96.45 Td (are ) Tj ET Q q 0 0 0 rg BT 498.92 96.45 Td (expensed ) Tj ET Q q 0 0 0 rg BT 534.34 96.45 Td (as ) Tj ET Q q 0 0 0 rg BT 543.76 96.45 Td (incurred.) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-12) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (V) Tj ET Q q 0 0 0 rg BT 41.01 749.95 Td (essel and Rig Operating Expenses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (V) Tj ET Q q 0 0 0 rg BT 41.50 736.15 Td (essel ) Tj ET Q q 0 0 0 rg BT 61.21 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 76.42 736.15 Td (rig ) Tj ET Q q 0 0 0 rg BT 88.63 736.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 124.83 736.15 Td (expenses ) Tj ET Q q 0 0 0 rg BT 159.53 736.15 Td (are ) Tj ET Q q 0 0 0 rg BT 172.73 736.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 192.95 736.15 Td (associated ) Tj ET Q q 0 0 0 rg BT 232.15 736.15 Td (with ) Tj ET Q q 0 0 0 rg BT 250.36 736.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.56 736.15 Td (a ) Tj ET Q q 0 0 0 rg BT 292.77 736.15 Td (drilling ) Tj ET Q q 0 0 0 rg BT 321.48 736.15 Td (unit ) Tj ET Q q 0 0 0 rg BT 337.70 736.15 Td (that ) Tj ET Q q 0 0 0 rg BT 353.41 736.15 Td (is ) Tj ET Q q 0 0 0 rg BT 361.62 736.15 Td (either ) Tj ET Q q 0 0 0 rg BT 384.33 736.15 Td (in ) Tj ET Q q 0 0 0 rg BT 393.54 736.15 Td (operation ) Tj ET Q q 0 0 0 rg BT 429.74 736.15 Td (or ) Tj ET Q q 0 0 0 rg BT 439.45 736.15 Td (stacked, ) Tj ET Q q 0 0 0 rg BT 470.90 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 486.11 736.15 Td (include ) Tj ET Q q 0 0 0 rg BT 514.82 736.15 Td (the ) Tj ET Q q 0 0 0 rg BT 528.02 736.15 Td (remuneration ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 46.27 725.35 Td (of) Tj ET Q q 0 0 0 rg BT 53.61 725.35 Td (fshore ) Tj ET Q q 0 0 0 rg BT 78.88 725.35 Td (crews ) Tj ET Q q 0 0 0 rg BT 102.64 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 118.42 725.35 Td (related ) Tj ET Q q 0 0 0 rg BT 145.67 725.35 Td (costs, ) Tj ET Q q 0 0 0 rg BT 168.70 725.35 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 203.23 725.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 240.49 725.35 Td (costs, ) Tj ET Q q 0 0 0 rg BT 263.52 725.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 298.78 725.35 Td (for ) Tj ET Q q 0 0 0 rg BT 312.06 725.35 Td (repairs ) Tj ET Q q 0 0 0 rg BT 339.32 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 355.09 725.35 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 403.34 725.35 Td (as ) Tj ET Q q 0 0 0 rg BT 413.62 725.35 Td (well ) Tj ET Q q 0 0 0 rg BT 431.89 725.35 Td (as ) Tj ET Q q 0 0 0 rg BT 442.16 725.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 462.94 725.35 Td (related ) Tj ET Q q 0 0 0 rg BT 490.20 725.35 Td (to ) Tj ET Q q 0 0 0 rg BT 499.98 725.35 Td (onshore ) Tj ET Q q 0 0 0 rg BT 531.25 725.35 Td (personnel ) Tj ET Q q 0 0 0 rg BT 569.02 725.35 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (various ) Tj ET Q q 0 0 0 rg BT 64.74 714.55 Td (locations ) Tj ET Q q 0 0 0 rg BT 99.49 714.55 Td (where ) Tj ET Q q 0 0 0 rg BT 123.72 714.55 Td (we ) Tj ET Q q 0 0 0 rg BT 136.47 714.55 Td (operate ) Tj ET Q q 0 0 0 rg BT 165.20 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 178.44 714.55 Td (drilling ) Tj ET Q q 0 0 0 rg BT 207.19 714.55 Td (units ) Tj ET Q q 0 0 0 rg BT 226.95 714.55 Td (and ) Tj ET Q q 0 0 0 rg BT 242.19 714.55 Td (are ) Tj ET Q q 0 0 0 rg BT 255.43 714.55 Td (expensed ) Tj ET Q q 0 0 0 rg BT 291.16 714.55 Td (as ) Tj ET Q q 0 0 0 rg BT 300.91 714.55 Td (incurred.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 686.95 Td (Repairs, maintenance and periodic surveys ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 673.15 Td (Costs ) Tj ET Q q 0 0 0 rg BT 58.20 673.15 Td (related ) Tj ET Q q 0 0 0 rg BT 84.87 673.15 Td (to ) Tj ET Q q 0 0 0 rg BT 94.05 673.15 Td (periodic ) Tj ET Q q 0 0 0 rg BT 125.73 673.15 Td (surveys ) Tj ET Q q 0 0 0 rg BT 155.41 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 165.10 673.15 Td (drilling ) Tj ET Q q 0 0 0 rg BT 193.78 673.15 Td (rigs ) Tj ET Q q 0 0 0 rg BT 209.47 673.15 Td (are ) Tj ET Q q 0 0 0 rg BT 222.64 673.15 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 263.81 673.15 Td (under ) Tj ET Q q 0 0 0 rg BT 286.49 673.15 Td (drilling ) Tj ET Q q 0 0 0 rg BT 315.17 673.15 Td (rigs ) Tj ET Q q 0 0 0 rg BT 330.86 673.15 Td (and ) Tj ET Q q 0 0 0 rg BT 346.04 673.15 Td (amortized ) Tj ET Q q 0 0 0 rg BT 384.21 673.15 Td (over ) Tj ET Q q 0 0 0 rg BT 402.39 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 415.57 673.15 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 457.24 673.15 Td (period ) Tj ET Q q 0 0 0 rg BT 482.42 673.15 Td (between ) Tj ET Q q 0 0 0 rg BT 514.59 673.15 Td (overhauls, ) Tj ET Q q 0 0 0 rg BT 554.02 673.15 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 662.35 Td (is ) Tj ET Q q 0 0 0 rg BT 43.95 662.35 Td (generally ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.37 662.35 Td (five) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.37 662.35 Td ( ) Tj ET Q q 0 0 0 rg BT 95.31 662.35 Td (years. ) Tj ET Q q 0 0 0 rg BT 118.35 662.35 Td (These ) Tj ET Q q 0 0 0 rg BT 141.79 662.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 161.73 662.35 Td (are ) Tj ET Q q 0 0 0 rg BT 174.66 662.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 210.10 662.35 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 243.04 662.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 262.98 662.35 Td (and ) Tj ET Q q 0 0 0 rg BT 277.92 662.35 Td (the ) Tj ET Q q 0 0 0 rg BT 290.86 662.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 307.31 662.35 Td (of ) Tj ET Q q 0 0 0 rg BT 316.75 662.35 Td (employees ) Tj ET Q q 0 0 0 rg BT 357.18 662.35 Td (directly ) Tj ET Q q 0 0 0 rg BT 386.61 662.35 Td (involved ) Tj ET Q q 0 0 0 rg BT 420.05 662.35 Td (in ) Tj ET Q q 0 0 0 rg BT 429.00 662.35 Td (the ) Tj ET Q q 0 0 0 rg BT 441.94 662.35 Td (work. ) Tj ET Q q 0 0 0 rg BT 464.20 662.35 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 514.13 662.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 534.08 662.35 Td (for ) Tj ET Q q 0 0 0 rg BT 546.52 662.35 Td (periodic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 651.55 Td (surveys ) Tj ET Q q 0 0 0 rg BT 65.42 651.55 Td (are ) Tj ET Q q 0 0 0 rg BT 78.33 651.55 Td (included ) Tj ET Q q 0 0 0 rg BT 111.25 651.55 Td (in ) Tj ET Q q 0 0 0 rg BT 120.18 651.55 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 166.58 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 181.50 651.55 Td (amortization ) Tj ET Q q 0 0 0 rg BT 228.91 651.55 Td (expense. ) Tj ET Q q 0 0 0 rg BT 262.07 651.55 Td (Costs ) Tj ET Q q 0 0 0 rg BT 284.01 651.55 Td (for ) Tj ET Q q 0 0 0 rg BT 296.43 651.55 Td (other ) Tj ET Q q 0 0 0 rg BT 316.84 651.55 Td (repair ) Tj ET Q q 0 0 0 rg BT 339.75 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 354.67 651.55 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 402.07 651.55 Td (activities ) Tj ET Q q 0 0 0 rg BT 436.49 651.55 Td (are ) Tj ET Q q 0 0 0 rg BT 449.40 651.55 Td (included ) Tj ET Q q 0 0 0 rg BT 482.32 651.55 Td (in ) Tj ET Q q 0 0 0 rg BT 491.24 651.55 Td (vessel ) Tj ET Q q 0 0 0 rg BT 515.16 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 530.08 651.55 Td (rig ) Tj ET Q q 0 0 0 rg BT 542.01 651.55 Td (operating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 70.74 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 85.98 640.75 Td (expensed ) Tj ET Q q 0 0 0 rg BT 121.72 640.75 Td (when ) Tj ET Q q 0 0 0 rg BT 143.46 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 156.71 640.75 Td (repairs ) Tj ET Q q 0 0 0 rg BT 183.45 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.69 640.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 246.41 640.75 Td (take ) Tj ET Q q 0 0 0 rg BT 263.65 640.75 Td (place.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 613.15 Td (Foreign currencies ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 599.35 Td (The ) Tj ET Q q 0 0 0 rg BT 52.09 599.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.19 599.35 Td (and ) Tj ET Q q 0 0 0 rg BT 104.28 599.35 Td (its ) Tj ET Q q 0 0 0 rg BT 114.89 599.35 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 159.48 599.35 Td (use ) Tj ET Q q 0 0 0 rg BT 173.58 599.35 Td (the ) Tj ET Q q 0 0 0 rg BT 186.67 599.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 204.78 599.35 Td (dollar ) Tj ET Q q 0 0 0 rg BT 227.87 599.35 Td (as ) Tj ET Q q 0 0 0 rg BT 237.47 599.35 Td (their ) Tj ET Q q 0 0 0 rg BT 256.06 599.35 Td (functional ) Tj ET Q q 0 0 0 rg BT 294.65 599.35 Td (currency ) Tj ET Q q 0 0 0 rg BT 328.22 599.35 Td (because ) Tj ET Q q 0 0 0 rg BT 358.80 599.35 Td (the ) Tj ET Q q 0 0 0 rg BT 371.90 599.35 Td (majority ) Tj ET Q q 0 0 0 rg BT 404.49 599.35 Td (of ) Tj ET Q q 0 0 0 rg BT 414.09 599.35 Td (their ) Tj ET Q q 0 0 0 rg BT 432.68 599.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 466.76 599.35 Td (and ) Tj ET Q q 0 0 0 rg BT 481.86 599.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 516.45 599.35 Td (are ) Tj ET Q q 0 0 0 rg BT 529.53 599.35 Td (denominated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 588.55 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 588.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 63.51 588.55 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 92.00 588.55 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 136.41 588.55 Td (, ) Tj ET Q q 0 0 0 rg BT 140.91 588.55 Td (the ) Tj ET Q q 0 0 0 rg BT 154.15 588.55 Td (Company) Tj ET Q q 0 0 0 rg BT 191.65 588.55 Td (s ) Tj ET Q q 0 0 0 rg BT 197.40 588.55 Td (reporting ) Tj ET Q q 0 0 0 rg BT 232.64 588.55 Td (currency ) Tj ET Q q 0 0 0 rg BT 266.37 588.55 Td (is ) Tj ET Q q 0 0 0 rg BT 274.62 588.55 Td (also ) Tj ET Q q 0 0 0 rg BT 291.37 588.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 309.63 588.55 Td (dollars. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.95 Td (T) Tj ET Q q 0 0 0 rg BT 41.18 560.95 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 83.69 560.95 Td (in ) Tj ET Q q 0 0 0 rg BT 92.70 560.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 120.71 560.95 Td (currencies ) Tj ET Q q 0 0 0 rg BT 159.70 560.95 Td (during ) Tj ET Q q 0 0 0 rg BT 185.22 560.95 Td (a ) Tj ET Q q 0 0 0 rg BT 191.23 560.95 Td (period ) Tj ET Q q 0 0 0 rg BT 216.24 560.95 Td (are ) Tj ET Q q 0 0 0 rg BT 229.24 560.95 Td (translated ) Tj ET Q q 0 0 0 rg BT 266.24 560.95 Td (into ) Tj ET Q q 0 0 0 rg BT 282.26 560.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 300.28 560.95 Td (dollar ) Tj ET Q q 0 0 0 rg BT 323.29 560.95 Td (at ) Tj ET Q q 0 0 0 rg BT 331.80 560.95 Td (the ) Tj ET Q q 0 0 0 rg BT 344.82 560.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 363.82 560.95 Td (of ) Tj ET Q q 0 0 0 rg BT 373.34 560.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 409.33 560.95 Td (in ) Tj ET Q q 0 0 0 rg BT 418.35 560.95 Td (ef) Tj ET Q q 0 0 0 rg BT 425.18 560.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 440.68 560.95 Td (on ) Tj ET Q q 0 0 0 rg BT 451.70 560.95 Td (the ) Tj ET Q q 0 0 0 rg BT 464.71 560.95 Td (date ) Tj ET Q q 0 0 0 rg BT 481.72 560.95 Td (of ) Tj ET Q q 0 0 0 rg BT 491.23 560.95 Td (the ) Tj ET Q q 0 0 0 rg BT 504.25 560.95 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 548.00 560.95 Td (Foreign ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 550.15 Td (currency ) Tj ET Q q 0 0 0 rg BT 70.23 550.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 93.97 550.15 Td (and ) Tj ET Q q 0 0 0 rg BT 109.72 550.15 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 145.96 550.15 Td (are ) Tj ET Q q 0 0 0 rg BT 159.70 550.15 Td (translated ) Tj ET Q q 0 0 0 rg BT 197.43 550.15 Td (using ) Tj ET Q q 0 0 0 rg BT 219.68 550.15 Td (rates ) Tj ET Q q 0 0 0 rg BT 239.42 550.15 Td (of ) Tj ET Q q 0 0 0 rg BT 249.67 550.15 Td (exchange ) Tj ET Q q 0 0 0 rg BT 286.39 550.15 Td (at ) Tj ET Q q 0 0 0 rg BT 295.64 550.15 Td (the ) Tj ET Q q 0 0 0 rg BT 309.38 550.15 Td (balance ) Tj ET Q q 0 0 0 rg BT 339.61 550.15 Td (sheet ) Tj ET Q q 0 0 0 rg BT 360.85 550.15 Td (date. ) Tj ET Q q 0 0 0 rg BT 380.84 550.15 Td (Gains ) Tj ET Q q 0 0 0 rg BT 404.59 550.15 Td (and ) Tj ET Q q 0 0 0 rg BT 420.33 550.15 Td (losses ) Tj ET Q q 0 0 0 rg BT 444.58 550.15 Td (on ) Tj ET Q q 0 0 0 rg BT 456.33 550.15 Td (foreign ) Tj ET Q q 0 0 0 rg BT 485.07 550.15 Td (currency ) Tj ET Q q 0 0 0 rg BT 519.30 550.15 Td (transactions ) Tj ET Q q 0 0 0 rg BT 565.03 550.15 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 539.35 Td (included ) Tj ET Q q 0 0 0 rg BT 69.24 539.35 Td (in ) Tj ET Q q 0 0 0 rg BT 78.49 539.35 Td (the ) Tj ET Q q 0 0 0 rg BT 91.74 539.35 Td (Company) Tj ET Q q 0 0 0 rg BT 129.23 539.35 Td (s ) Tj ET Q q 0 0 0 rg BT 134.99 539.35 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 182.72 539.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.97 539.35 Td (of ) Tj ET Q q 0 0 0 rg BT 232.71 539.35 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 511.75 Td (Current and non-current classification ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.95 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 81.85 497.95 Td (and ) Tj ET Q q 0 0 0 rg BT 97.22 497.95 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 133.08 497.95 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 173.94 497.95 Td (deferred ) Tj ET Q q 0 0 0 rg BT 206.29 497.95 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 230.15 497.95 Td (are ) Tj ET Q q 0 0 0 rg BT 243.50 497.95 Td (classified ) Tj ET Q q 0 0 0 rg BT 279.86 497.95 Td (as ) Tj ET Q q 0 0 0 rg BT 289.73 497.95 Td (current ) Tj ET Q q 0 0 0 rg BT 317.59 497.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.95 497.95 Td (and ) Tj ET Q q 0 0 0 rg BT 356.32 497.95 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 394.44 497.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 437.33 497.95 Td (, ) Tj ET Q q 0 0 0 rg BT 441.95 497.95 Td (if ) Tj ET Q q 0 0 0 rg BT 449.82 497.95 Td (their ) Tj ET Q q 0 0 0 rg BT 468.69 497.95 Td (maturity ) Tj ET Q q 0 0 0 rg BT 501.55 497.95 Td (is ) Tj ET Q q 0 0 0 rg BT 509.92 497.95 Td (within ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.30 497.95 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.29 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 550.66 497.95 Td (year ) Tj ET Q q 0 0 0 rg BT 568.52 497.95 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 487.15 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 487.15 Td (balance ) Tj ET Q q 0 0 0 rg BT 78.97 487.15 Td (sheet ) Tj ET Q q 0 0 0 rg BT 99.72 487.15 Td (date. ) Tj ET Q q 0 0 0 rg BT 119.21 487.15 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 160.69 487.15 Td (they ) Tj ET Q q 0 0 0 rg BT 178.44 487.15 Td (are ) Tj ET Q q 0 0 0 rg BT 191.68 487.15 Td (classified ) Tj ET Q q 0 0 0 rg BT 227.91 487.15 Td (as ) Tj ET Q q 0 0 0 rg BT 237.66 487.15 Td (non-current ) Tj ET Q q 0 0 0 rg BT 281.89 487.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 305.14 487.15 Td (and ) Tj ET Q q 0 0 0 rg BT 320.38 487.15 Td (liabilities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 459.55 Td (In ) Tj ET Q q 0 0 0 rg BT 44.73 459.55 Td (November ) Tj ET Q q 0 0 0 rg BT 83.95 459.55 Td (2015, ) Tj ET Q q 0 0 0 rg BT 105.43 459.55 Td (the ) Tj ET Q q 0 0 0 rg BT 117.66 459.55 Td (F) Tj ET Q q 0 0 0 rg BT 122.00 459.55 Td (ASB ) Tj ET Q q 0 0 0 rg BT 140.74 459.55 Td (issued ) Tj ET Q q 0 0 0 rg BT 164.20 459.55 Td (ASU ) Tj ET Q q 0 0 0 rg BT 183.44 459.55 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 216.92 459.55 Td (Income ) Tj ET Q q 0 0 0 rg BT 245.05 459.55 Td (T) Tj ET Q q 0 0 0 rg BT 249.92 459.55 Td (axes ) Tj ET Q q 0 0 0 rg BT 267.14 459.55 Td (\(T) Tj ET Q q 0 0 0 rg BT 275.01 459.55 Td (opic ) Tj ET Q q 0 0 0 rg BT 291.73 459.55 Td (740\): ) Tj ET Q q 0 0 0 rg BT 311.96 459.55 Td (Balance ) Tj ET Q q 0 0 0 rg BT 342.18 459.55 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 363.41 459.55 Td (Classification ) Tj ET Q q 0 0 0 rg BT 414.13 459.55 Td (of ) Tj ET Q q 0 0 0 rg BT 422.86 459.55 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 455.98 459.55 Td (T) Tj ET Q q 0 0 0 rg BT 460.85 459.55 Td (axes, ) Tj ET Q q 0 0 0 rg BT 480.32 459.55 Td (to ) Tj ET Q q 0 0 0 rg BT 488.56 459.55 Td (simplify ) Tj ET Q q 0 0 0 rg BT 519.79 459.55 Td (the ) Tj ET Q q 0 0 0 rg BT 532.02 459.55 Td (presentation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 45.94 448.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 78.35 448.75 Td (income ) Tj ET Q q 0 0 0 rg BT 107.28 448.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 128.21 448.75 Td (in ) Tj ET Q q 0 0 0 rg BT 137.65 448.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.09 448.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 180.52 448.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 217.44 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 227.38 448.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.30 448.75 Td (position. ) Tj ET Q q 0 0 0 rg BT 294.82 448.75 Td (The ) Tj ET Q q 0 0 0 rg BT 311.25 448.75 Td (update ) Tj ET Q q 0 0 0 rg BT 337.68 448.75 Td (require ) Tj ET Q q 0 0 0 rg BT 365.61 448.75 Td (that ) Tj ET Q q 0 0 0 rg BT 381.54 448.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 413.96 448.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.39 448.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 463.33 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 478.76 448.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 502.20 448.75 Td (be ) Tj ET Q q 0 0 0 rg BT 513.13 448.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 549.56 448.75 Td (as ) Tj ET Q q 0 0 0 rg BT 559.50 448.75 Td (non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.95 Td (current ) Tj ET Q q 0 0 0 rg BT 63.80 437.95 Td (in ) Tj ET Q q 0 0 0 rg BT 73.12 437.95 Td (a ) Tj ET Q q 0 0 0 rg BT 79.43 437.95 Td (classified ) Tj ET Q q 0 0 0 rg BT 115.73 437.95 Td (statement ) Tj ET Q q 0 0 0 rg BT 152.53 437.95 Td (of ) Tj ET Q q 0 0 0 rg BT 162.35 437.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.15 437.95 Td (position ) Tj ET Q q 0 0 0 rg BT 227.47 437.95 Td (as ) Tj ET Q q 0 0 0 rg BT 237.28 437.95 Td (opposed ) Tj ET Q q 0 0 0 rg BT 269.59 437.95 Td (to ) Tj ET Q q 0 0 0 rg BT 278.91 437.95 Td (the ) Tj ET Q q 0 0 0 rg BT 292.22 437.95 Td (current ) Tj ET Q q 0 0 0 rg BT 320.02 437.95 Td (requirement ) Tj ET Q q 0 0 0 rg BT 365.81 437.95 Td (to ) Tj ET Q q 0 0 0 rg BT 375.13 437.95 Td (separate ) Tj ET Q q 0 0 0 rg BT 406.92 437.95 Td (these ) Tj ET Q q 0 0 0 rg BT 427.73 437.95 Td (into ) Tj ET Q q 0 0 0 rg BT 444.05 437.95 Td (current ) Tj ET Q q 0 0 0 rg BT 471.85 437.95 Td (and ) Tj ET Q q 0 0 0 rg BT 487.16 437.95 Td (non-current ) Tj ET Q q 0 0 0 rg BT 531.46 437.95 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 566.01 437.95 Td (As ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 427.15 Td (permitted ) Tj ET Q q 0 0 0 rg BT 72.89 427.15 Td (by ) Tj ET Q q 0 0 0 rg BT 83.76 427.15 Td (ASU ) Tj ET Q q 0 0 0 rg BT 104.17 427.15 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 138.82 427.15 Td (the ) Tj ET Q q 0 0 0 rg BT 152.21 427.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.61 427.15 Td (early-adopted ) Tj ET Q q 0 0 0 rg BT 241.49 427.15 Td (this ) Tj ET Q q 0 0 0 rg BT 256.89 427.15 Td (standard ) Tj ET Q q 0 0 0 rg BT 289.79 427.15 Td (as ) Tj ET Q q 0 0 0 rg BT 299.68 427.15 Td (at ) Tj ET Q q 0 0 0 rg BT 308.58 427.15 Td (December ) Tj ET Q q 0 0 0 rg BT 347.96 427.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 361.61 427.15 Td (2015 ) Tj ET Q q 0 0 0 rg BT 382.01 427.15 Td (and ) Tj ET Q q 0 0 0 rg BT 397.41 427.15 Td (applied ) Tj ET Q q 0 0 0 rg BT 426.30 427.15 Td (it ) Tj ET Q q 0 0 0 rg BT 433.70 427.15 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 489.58 427.15 Td (to ) Tj ET Q q 0 0 0 rg BT 498.99 427.15 Td (all ) Tj ET Q q 0 0 0 rg BT 510.38 427.15 Td (periods ) Tj ET Q q 0 0 0 rg BT 539.28 427.15 Td (presented. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 416.35 Td (As ) Tj ET Q q 0 0 0 rg BT 48.43 416.35 Td (a ) Tj ET Q q 0 0 0 rg BT 54.85 416.35 Td (result ) Tj ET Q q 0 0 0 rg BT 77.27 416.35 Td (the ) Tj ET Q q 0 0 0 rg BT 90.69 416.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.11 416.35 Td (has ) Tj ET Q q 0 0 0 rg BT 142.53 416.35 Td (presented ) Tj ET Q q 0 0 0 rg BT 179.44 416.35 Td (all ) Tj ET Q q 0 0 0 rg BT 190.86 416.35 Td (deferred ) Tj ET Q q 0 0 0 rg BT 223.26 416.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.68 416.35 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 272.60 416.35 Td (and ) Tj ET Q q 0 0 0 rg BT 288.02 416.35 Td (assets, ) Tj ET Q q 0 0 0 rg BT 313.69 416.35 Td (as ) Tj ET Q q 0 0 0 rg BT 323.61 416.35 Td (well ) Tj ET Q q 0 0 0 rg BT 341.53 416.35 Td (as ) Tj ET Q q 0 0 0 rg BT 351.45 416.35 Td (any ) Tj ET Q q 0 0 0 rg BT 366.87 416.35 Td (related ) Tj ET Q q 0 0 0 rg BT 393.78 416.35 Td (valuation ) Tj ET Q q 0 0 0 rg BT 429.70 416.35 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 470.85 416.35 Td (as ) Tj ET Q q 0 0 0 rg BT 480.77 416.35 Td (non-current ) Tj ET Q q 0 0 0 rg BT 525.18 416.35 Td (for ) Tj ET Q q 0 0 0 rg BT 538.10 416.35 Td (all ) Tj ET Q q 0 0 0 rg BT 549.52 416.35 Td (periods ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 405.55 Td (presented ) Tj ET Q q 0 0 0 rg BT 72.30 405.55 Td (in ) Tj ET Q q 0 0 0 rg BT 81.11 405.55 Td (this ) Tj ET Q q 0 0 0 rg BT 95.93 405.55 Td (annual ) Tj ET Q q 0 0 0 rg BT 121.74 405.55 Td (report. ) Tj ET Q q 0 0 0 rg BT 147.16 405.55 Td (The ) Tj ET Q q 0 0 0 rg BT 162.97 405.55 Td (adoption ) Tj ET Q q 0 0 0 rg BT 196.28 405.55 Td (of ) Tj ET Q q 0 0 0 rg BT 205.59 405.55 Td (this ) Tj ET Q q 0 0 0 rg BT 220.41 405.55 Td (guidance ) Tj ET Q q 0 0 0 rg BT 254.71 405.55 Td (did ) Tj ET Q q 0 0 0 rg BT 268.02 405.55 Td (not ) Tj ET Q q 0 0 0 rg BT 281.34 405.55 Td (have ) Tj ET Q q 0 0 0 rg BT 300.14 405.55 Td (a ) Tj ET Q q 0 0 0 rg BT 305.95 405.55 Td (material ) Tj ET Q q 0 0 0 rg BT 337.25 405.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 363.56 405.55 Td (on ) Tj ET Q q 0 0 0 rg BT 374.37 405.55 Td (Company's ) Tj ET Q q 0 0 0 rg BT 416.31 405.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 463.61 405.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 496.91 405.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 536.71 405.55 Td (and ) Tj ET Q q 0 0 0 rg BT 551.52 405.55 Td (related ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 394.75 Td (disclosures.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 367.15 Td (Cash and cash equivalents ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 353.35 Td (Cash ) Tj ET Q q 0 0 0 rg BT 56.25 353.35 Td (and ) Tj ET Q q 0 0 0 rg BT 71.49 353.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.74 353.35 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 132.97 353.35 Td (consist ) Tj ET Q q 0 0 0 rg BT 160.22 353.35 Td (of ) Tj ET Q q 0 0 0 rg BT 169.97 353.35 Td (cash, ) Tj ET Q q 0 0 0 rg BT 190.46 353.35 Td (bank ) Tj ET Q q 0 0 0 rg BT 210.21 353.35 Td (deposits ) Tj ET Q q 0 0 0 rg BT 241.96 353.35 Td (and ) Tj ET Q q 0 0 0 rg BT 257.20 353.35 Td (highly ) Tj ET Q q 0 0 0 rg BT 282.45 353.35 Td (liquid ) Tj ET Q q 0 0 0 rg BT 305.71 353.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.44 353.35 Td (instruments ) Tj ET Q q 0 0 0 rg BT 383.69 353.35 Td (with ) Tj ET Q q 0 0 0 rg BT 401.94 353.35 Td (original ) Tj ET Q q 0 0 0 rg BT 432.18 353.35 Td (maturities ) Tj ET Q q 0 0 0 rg BT 470.42 353.35 Td (of ) Tj ET Q q 0 0 0 rg BT 480.17 353.35 Td (three ) Tj ET Q q 0 0 0 rg BT 500.41 353.35 Td (months ) Tj ET Q q 0 0 0 rg BT 529.16 353.35 Td (or ) Tj ET Q q 0 0 0 rg BT 538.91 353.35 Td (less.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 325.75 Td (Restricted cash ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.95 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 75.15 311.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.81 311.95 Td (consists ) Tj ET Q q 0 0 0 rg BT 124.98 311.95 Td (of ) Tj ET Q q 0 0 0 rg BT 135.15 311.95 Td (bank ) Tj ET Q q 0 0 0 rg BT 155.31 311.95 Td (deposits ) Tj ET Q q 0 0 0 rg BT 187.47 311.95 Td (which ) Tj ET Q q 0 0 0 rg BT 212.13 311.95 Td (have ) Tj ET Q q 0 0 0 rg BT 231.79 311.95 Td (been ) Tj ET Q q 0 0 0 rg BT 251.45 311.95 Td (pledged ) Tj ET Q q 0 0 0 rg BT 282.60 311.95 Td (as ) Tj ET Q q 0 0 0 rg BT 292.77 311.95 Td (collateral ) Tj ET Q q 0 0 0 rg BT 328.91 311.95 Td (for ) Tj ET Q q 0 0 0 rg BT 342.07 311.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.22 311.95 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 410.36 311.95 Td (issued ) Tj ET Q q 0 0 0 rg BT 435.53 311.95 Td (by ) Tj ET Q q 0 0 0 rg BT 447.20 311.95 Td (a ) Tj ET Q q 0 0 0 rg BT 453.86 311.95 Td (bank ) Tj ET Q q 0 0 0 rg BT 474.02 311.95 Td (or ) Tj ET Q q 0 0 0 rg BT 484.18 311.95 Td (minimum ) Tj ET Q q 0 0 0 rg BT 521.85 311.95 Td (deposits ) Tj ET Q q 0 0 0 rg BT 554.02 311.95 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 301.15 Td (must ) Tj ET Q q 0 0 0 rg BT 55.29 301.15 Td (be ) Tj ET Q q 0 0 0 rg BT 65.57 301.15 Td (maintained ) Tj ET Q q 0 0 0 rg BT 107.34 301.15 Td (at ) Tj ET Q q 0 0 0 rg BT 115.62 301.15 Td (all ) Tj ET Q q 0 0 0 rg BT 126.40 301.15 Td (times ) Tj ET Q q 0 0 0 rg BT 147.68 301.15 Td (in ) Tj ET Q q 0 0 0 rg BT 156.46 301.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 198.71 301.15 Td (with ) Tj ET Q q 0 0 0 rg BT 216.50 301.15 Td (contractual ) Tj ET Q q 0 0 0 rg BT 258.26 301.15 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 310.77 301.15 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 349.04 301.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 366.82 301.15 Td (with ) Tj ET Q q 0 0 0 rg BT 384.60 301.15 Td (maturity ) Tj ET Q q 0 0 0 rg BT 416.88 301.15 Td (longer ) Tj ET Q q 0 0 0 rg BT 441.65 301.15 Td (than ) Tj ET Q q 0 0 0 rg BT 458.93 301.15 Td (one ) Tj ET Q q 0 0 0 rg BT 473.71 301.15 Td (year ) Tj ET Q q 0 0 0 rg BT 490.98 301.15 Td (are ) Tj ET Q q 0 0 0 rg BT 503.75 301.15 Td (classified ) Tj ET Q q 0 0 0 rg BT 539.53 301.15 Td (separately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 290.35 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 290.35 Td (non-current ) Tj ET Q q 0 0 0 rg BT 89.98 290.35 Td (assets.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 262.75 Td (Receivables ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.95 Td (Receivables, ) Tj ET Q q 0 0 0 rg BT 84.56 248.95 Td (including ) Tj ET Q q 0 0 0 rg BT 121.39 248.95 Td (accounts ) Tj ET Q q 0 0 0 rg BT 155.71 248.95 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 197.77 248.95 Td (are ) Tj ET Q q 0 0 0 rg BT 211.59 248.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 245.90 248.95 Td (in ) Tj ET Q q 0 0 0 rg BT 255.73 248.95 Td (the ) Tj ET Q q 0 0 0 rg BT 269.56 248.95 Td (balance ) Tj ET Q q 0 0 0 rg BT 299.87 248.95 Td (sheet ) Tj ET Q q 0 0 0 rg BT 321.20 248.95 Td (at ) Tj ET Q q 0 0 0 rg BT 330.53 248.95 Td (their ) Tj ET Q q 0 0 0 rg BT 349.85 248.95 Td (nominal ) Tj ET Q q 0 0 0 rg BT 382.18 248.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 412.01 248.95 Td (less ) Tj ET Q q 0 0 0 rg BT 428.35 248.95 Td (an ) Tj ET Q q 0 0 0 rg BT 439.67 248.95 Td (allowance ) Tj ET Q q 0 0 0 rg BT 478.99 248.95 Td (for ) Tj ET Q q 0 0 0 rg BT 492.31 248.95 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 525.65 248.95 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 562.01 248.95 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.26 238.15 Td (establishes ) Tj ET Q q 0 0 0 rg BT 114.51 238.15 Td (reserves ) Tj ET Q q 0 0 0 rg BT 146.25 238.15 Td (for ) Tj ET Q q 0 0 0 rg BT 159.00 238.15 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 191.75 238.15 Td (accounts ) Tj ET Q q 0 0 0 rg BT 225.50 238.15 Td (on ) Tj ET Q q 0 0 0 rg BT 236.76 238.15 Td (a ) Tj ET Q q 0 0 0 rg BT 243.01 238.15 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 291.23 238.15 Td (basis ) Tj ET Q q 0 0 0 rg BT 311.49 238.15 Td (when ) Tj ET Q q 0 0 0 rg BT 333.24 238.15 Td (it ) Tj ET Q q 0 0 0 rg BT 340.50 238.15 Td (is ) Tj ET Q q 0 0 0 rg BT 348.76 238.15 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 380.52 238.15 Td (that ) Tj ET Q q 0 0 0 rg BT 396.27 238.15 Td (required ) Tj ET Q q 0 0 0 rg BT 428.51 238.15 Td (payments ) Tj ET Q q 0 0 0 rg BT 465.26 238.15 Td (of ) Tj ET Q q 0 0 0 rg BT 475.02 238.15 Td (specific ) Tj ET Q q 0 0 0 rg BT 505.26 238.15 Td (amounts ) Tj ET Q q 0 0 0 rg BT 538.02 238.15 Td (will ) Tj ET Q q 0 0 0 rg BT 554.27 238.15 Td (occur) Tj ET Q q 0 0 0 rg BT 573.76 238.15 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.35 Td (In ) Tj ET Q q 0 0 0 rg BT 45.41 227.35 Td (establishing ) Tj ET Q q 0 0 0 rg BT 90.32 227.35 Td (these ) Tj ET Q q 0 0 0 rg BT 110.73 227.35 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 144.37 227.35 Td (the ) Tj ET Q q 0 0 0 rg BT 157.28 227.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.20 227.35 Td (considers ) Tj ET Q q 0 0 0 rg BT 230.10 227.35 Td (the ) Tj ET Q q 0 0 0 rg BT 243.01 227.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.41 227.35 Td (condition ) Tj ET Q q 0 0 0 rg BT 312.32 227.35 Td (of ) Tj ET Q q 0 0 0 rg BT 321.73 227.35 Td (the ) Tj ET Q q 0 0 0 rg BT 334.64 227.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 369.54 227.35 Td (as ) Tj ET Q q 0 0 0 rg BT 378.95 227.35 Td (well ) Tj ET Q q 0 0 0 rg BT 396.36 227.35 Td (as ) Tj ET Q q 0 0 0 rg BT 405.77 227.35 Td (specific ) Tj ET Q q 0 0 0 rg BT 435.67 227.35 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 488.56 227.35 Td (related ) Tj ET Q q 0 0 0 rg BT 514.96 227.35 Td (to ) Tj ET Q q 0 0 0 rg BT 523.87 227.35 Td (the ) Tj ET Q q 0 0 0 rg BT 536.78 227.35 Td (receivable, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 216.55 Td (such ) Tj ET Q q 0 0 0 rg BT 54.75 216.55 Td (as ) Tj ET Q q 0 0 0 rg BT 64.49 216.55 Td (customer ) Tj ET Q q 0 0 0 rg BT 99.73 216.55 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 133.73 216.55 Td (Receivable ) Tj ET Q q 0 0 0 rg BT 175.96 216.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 208.71 216.55 Td (determined ) Tj ET Q q 0 0 0 rg BT 251.44 216.55 Td (as ) Tj ET Q q 0 0 0 rg BT 261.19 216.55 Td (being ) Tj ET Q q 0 0 0 rg BT 283.43 216.55 Td (unrecoverable ) Tj ET Q q 0 0 0 rg BT 336.65 216.55 Td (are ) Tj ET Q q 0 0 0 rg BT 349.89 216.55 Td (written ) Tj ET Q q 0 0 0 rg BT 377.63 216.55 Td (of) Tj ET Q q 0 0 0 rg BT 384.97 216.55 Td (f.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 188.95 Td (Newbuildings ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.15 Td (The ) Tj ET Q q 0 0 0 rg BT 52.55 175.15 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.09 175.15 Td (value ) Tj ET Q q 0 0 0 rg BT 107.14 175.15 Td (of ) Tj ET Q q 0 0 0 rg BT 117.19 175.15 Td (rigs ) Tj ET Q q 0 0 0 rg BT 133.25 175.15 Td (under ) Tj ET Q q 0 0 0 rg BT 156.29 175.15 Td (construction ) Tj ET Q q 0 0 0 rg BT 203.34 175.15 Td (\("Newbuildings"\) ) Tj ET Q q 0 0 0 rg BT 269.74 175.15 Td (represents ) Tj ET Q q 0 0 0 rg BT 308.78 175.15 Td (the ) Tj ET Q q 0 0 0 rg BT 322.33 175.15 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 370.36 175.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 390.92 175.15 Td (at ) Tj ET Q q 0 0 0 rg BT 399.97 175.15 Td (the ) Tj ET Q q 0 0 0 rg BT 413.52 175.15 Td (balance ) Tj ET Q q 0 0 0 rg BT 443.56 175.15 Td (sheet ) Tj ET Q q 0 0 0 rg BT 464.60 175.15 Td (date. ) Tj ET Q q 0 0 0 rg BT 484.40 175.15 Td (Cost ) Tj ET Q q 0 0 0 rg BT 503.46 175.15 Td (components ) Tj ET Q q 0 0 0 rg BT 549.51 175.15 Td (include ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.35 Td (payments ) Tj ET Q q 0 0 0 rg BT 73.32 164.35 Td (for ) Tj ET Q q 0 0 0 rg BT 86.64 164.35 Td (yard ) Tj ET Q q 0 0 0 rg BT 105.46 164.35 Td (installments ) Tj ET Q q 0 0 0 rg BT 151.79 164.35 Td (and ) Tj ET Q q 0 0 0 rg BT 167.61 164.35 Td (variation ) Tj ET Q q 0 0 0 rg BT 202.43 164.35 Td (orders, ) Tj ET Q q 0 0 0 rg BT 230.00 164.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 277.31 164.35 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 323.89 164.35 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 366.96 164.35 Td (spare ) Tj ET Q q 0 0 0 rg BT 388.78 164.35 Td (parts, ) Tj ET Q q 0 0 0 rg BT 411.35 164.35 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 453.15 164.35 Td (interest, ) Tj ET Q q 0 0 0 rg BT 484.72 164.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 505.55 164.35 Td (related ) Tj ET Q q 0 0 0 rg BT 532.86 164.35 Td (to ) Tj ET Q q 0 0 0 rg BT 542.69 164.35 Td (first ) Tj ET Q q 0 0 0 rg BT 560.01 164.35 Td (time ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 153.55 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 83.66 153.55 Td (and ) Tj ET Q q 0 0 0 rg BT 98.82 153.55 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 156.00 153.55 Td (costs. ) Tj ET Q q 0 0 0 rg BT 178.41 153.55 Td (No ) Tj ET Q q 0 0 0 rg BT 191.58 153.55 Td (char) Tj ET Q q 0 0 0 rg BT 206.91 153.55 Td (ge ) Tj ET Q q 0 0 0 rg BT 217.57 153.55 Td (for ) Tj ET Q q 0 0 0 rg BT 230.23 153.55 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 276.88 153.55 Td (is ) Tj ET Q q 0 0 0 rg BT 285.05 153.55 Td (made ) Tj ET Q q 0 0 0 rg BT 306.71 153.55 Td (until ) Tj ET Q q 0 0 0 rg BT 325.38 153.55 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 382.55 153.55 Td (of ) Tj ET Q q 0 0 0 rg BT 392.22 153.55 Td (the ) Tj ET Q q 0 0 0 rg BT 405.38 153.55 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 452.55 153.55 Td (has ) Tj ET Q q 0 0 0 rg BT 466.71 153.55 Td (been ) Tj ET Q q 0 0 0 rg BT 485.87 153.55 Td (completed ) Tj ET Q q 0 0 0 rg BT 525.52 153.55 Td (and ) Tj ET Q q 0 0 0 rg BT 540.69 153.55 Td (it ) Tj ET Q q 0 0 0 rg BT 547.86 153.55 Td (is ) Tj ET Q q 0 0 0 rg BT 556.03 153.55 Td (ready ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 142.75 Td (for ) Tj ET Q q 0 0 0 rg BT 48.74 142.75 Td (its ) Tj ET Q q 0 0 0 rg BT 59.50 142.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 92.74 142.75 Td (use.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 115.15 Td (Capitalized interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 101.35 Td (Interest ) Tj ET Q q 0 0 0 rg BT 64.55 101.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 98.60 101.35 Td (are ) Tj ET Q q 0 0 0 rg BT 111.15 101.35 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 151.69 101.35 Td (during ) Tj ET Q q 0 0 0 rg BT 176.75 101.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 222.81 101.35 Td (of ) Tj ET Q q 0 0 0 rg BT 231.87 101.35 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 270.43 101.35 Td (based ) Tj ET Q q 0 0 0 rg BT 292.48 101.35 Td (on ) Tj ET Q q 0 0 0 rg BT 303.05 101.35 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 350.08 101.35 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 397.63 101.35 Td (for ) Tj ET Q q 0 0 0 rg BT 409.69 101.35 Td (the ) Tj ET Q q 0 0 0 rg BT 422.25 101.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 460.79 101.35 Td (project ) Tj ET Q q 0 0 0 rg BT 487.34 101.35 Td (at ) Tj ET Q q 0 0 0 rg BT 495.40 101.35 Td (the ) Tj ET Q q 0 0 0 rg BT 507.96 101.35 Td (Company) Tj ET Q q 0 0 0 rg BT 545.46 101.35 Td (s ) Tj ET Q q 0 0 0 rg BT 550.52 101.35 Td (current ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 90.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 51.17 90.55 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 90.55 Td (borrowing. ) Tj ET Q q 0 0 0 rg BT 101.66 90.55 Td (The ) Tj ET Q q 0 0 0 rg BT 117.34 90.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 146.02 90.55 Td (of ) Tj ET Q q 0 0 0 rg BT 155.20 90.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.38 90.55 Td (expense ) Tj ET Q q 0 0 0 rg BT 214.05 90.55 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 254.71 90.55 Td (in ) Tj ET Q q 0 0 0 rg BT 263.40 90.55 Td (an ) Tj ET Q q 0 0 0 rg BT 273.58 90.55 Td (accounting ) Tj ET Q q 0 0 0 rg BT 314.75 90.55 Td (period ) Tj ET Q q 0 0 0 rg BT 339.43 90.55 Td (shall ) Tj ET Q q 0 0 0 rg BT 358.11 90.55 Td (be ) Tj ET Q q 0 0 0 rg BT 368.29 90.55 Td (determined ) Tj ET Q q 0 0 0 rg BT 410.46 90.55 Td (by ) Tj ET Q q 0 0 0 rg BT 421.14 90.55 Td (applying ) Tj ET Q q 0 0 0 rg BT 454.33 90.55 Td (an ) Tj ET Q q 0 0 0 rg BT 464.51 90.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 492.68 90.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 507.85 90.55 Td (\(the ) Tj ET Q q 0 0 0 rg BT 527.53 90.55 Td (capitalization ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 79.75 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 58.38 79.75 Td (to ) Tj ET Q q 0 0 0 rg BT 67.27 79.75 Td (the ) Tj ET Q q 0 0 0 rg BT 80.16 79.75 Td (average ) Tj ET Q q 0 0 0 rg BT 110.04 79.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 138.93 79.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 79.75 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 195.69 79.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 243.57 79.75 Td (for ) Tj ET Q q 0 0 0 rg BT 255.96 79.75 Td (the ) Tj ET Q q 0 0 0 rg BT 268.86 79.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 288.25 79.75 Td (during ) Tj ET Q q 0 0 0 rg BT 313.64 79.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.53 79.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 353.53 79.75 Td (The ) Tj ET Q q 0 0 0 rg BT 369.42 79.75 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 419.79 79.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 438.68 79.75 Td (used ) Tj ET Q q 0 0 0 rg BT 457.07 79.75 Td (in ) Tj ET Q q 0 0 0 rg BT 465.97 79.75 Td (an ) Tj ET Q q 0 0 0 rg BT 476.36 79.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 517.74 79.75 Td (period ) Tj ET Q q 0 0 0 rg BT 542.63 79.75 Td (are ) Tj ET Q q 0 0 0 rg BT 555.52 79.75 Td (based ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 68.95 Td (on ) Tj ET Q q 0 0 0 rg BT 48.01 68.95 Td (the ) Tj ET Q q 0 0 0 rg BT 62.01 68.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 82.00 68.95 Td (applicable ) Tj ET Q q 0 0 0 rg BT 121.99 68.95 Td (to ) Tj ET Q q 0 0 0 rg BT 131.99 68.95 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 176.00 68.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 221.00 68.95 Td (during ) Tj ET Q q 0 0 0 rg BT 247.50 68.95 Td (the ) Tj ET Q q 0 0 0 rg BT 261.51 68.95 Td (period. ) Tj ET Q q 0 0 0 rg BT 289.54 68.95 Td (The ) Tj ET Q q 0 0 0 rg BT 306.53 68.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.54 68.95 Td (does ) Tj ET Q q 0 0 0 rg BT 364.04 68.95 Td (not ) Tj ET Q q 0 0 0 rg BT 378.55 68.95 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 416.03 68.95 Td (amounts ) Tj ET Q q 0 0 0 rg BT 449.53 68.95 Td (beyond ) Tj ET Q q 0 0 0 rg BT 479.03 68.95 Td (the ) Tj ET Q q 0 0 0 rg BT 493.03 68.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 517.52 68.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.02 68.95 Td (expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 58.15 Td (incurred ) Tj ET Q q 0 0 0 rg BT 68.23 58.15 Td (in ) Tj ET Q q 0 0 0 rg BT 77.48 58.15 Td (the ) Tj ET Q q 0 0 0 rg BT 90.73 58.15 Td (period.) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (If ) Tj ET Q q 0 0 0 rg BT 45.08 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.15 749.80 Td (Company) Tj ET Q q 0 0 0 rg BT 96.65 749.80 Td (s ) Tj ET Q q 0 0 0 rg BT 103.23 749.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 140.30 749.80 Td (plans ) Tj ET Q q 0 0 0 rg BT 162.38 749.80 Td (associate ) Tj ET Q q 0 0 0 rg BT 197.95 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 205.02 749.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 236.09 749.80 Td (new ) Tj ET Q q 0 0 0 rg BT 254.17 749.80 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 294.74 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 313.82 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 320.90 749.80 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 360.98 749.80 Td (asset, ) Tj ET Q q 0 0 0 rg BT 383.80 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 397.88 749.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.96 749.80 Td (uses ) Tj ET Q q 0 0 0 rg BT 454.54 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 468.62 749.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 485.18 749.80 Td (on ) Tj ET Q q 0 0 0 rg BT 497.27 749.80 Td (that ) Tj ET Q q 0 0 0 rg BT 513.84 749.80 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 554.42 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 565.00 749.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 86.45 739.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 101.92 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 110.90 739.00 Td (be ) Tj ET Q q 0 0 0 rg BT 121.37 739.00 Td (applied ) Tj ET Q q 0 0 0 rg BT 149.84 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 158.81 739.00 Td (that ) Tj ET Q q 0 0 0 rg BT 174.29 739.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 202.26 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 211.74 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.71 739.00 Td (average ) Tj ET Q q 0 0 0 rg BT 254.66 739.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 302.12 739.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 350.08 739.00 Td (for ) Tj ET Q q 0 0 0 rg BT 362.55 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 375.52 739.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 394.99 739.00 Td (that ) Tj ET Q q 0 0 0 rg BT 410.47 739.00 Td (does ) Tj ET Q q 0 0 0 rg BT 428.94 739.00 Td (not ) Tj ET Q q 0 0 0 rg BT 442.42 739.00 Td (exceed ) Tj ET Q q 0 0 0 rg BT 469.38 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 482.35 739.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 511.32 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 520.80 739.00 Td (that ) Tj ET Q q 0 0 0 rg BT 536.27 739.00 Td (borrowing. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (If ) Tj ET Q q 0 0 0 rg BT 44.06 728.20 Td (average ) Tj ET Q q 0 0 0 rg BT 74.10 728.20 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 121.64 728.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 169.69 728.20 Td (for ) Tj ET Q q 0 0 0 rg BT 182.25 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 195.32 728.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 214.88 728.20 Td (exceed ) Tj ET Q q 0 0 0 rg BT 241.92 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 254.98 728.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 287.55 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 297.11 728.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 327.16 728.20 Td (new ) Tj ET Q q 0 0 0 rg BT 344.22 728.20 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 387.29 728.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 426.34 728.20 Td (with ) Tj ET Q q 0 0 0 rg BT 444.40 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 457.47 728.20 Td (asset, ) Tj ET Q q 0 0 0 rg BT 479.28 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 492.34 728.20 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 542.88 728.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 558.43 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 567.50 728.20 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (applied ) Tj ET Q q 0 0 0 rg BT 64.74 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 73.99 717.40 Td (such ) Tj ET Q q 0 0 0 rg BT 92.74 717.40 Td (excess ) Tj ET Q q 0 0 0 rg BT 118.48 717.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 137.72 717.40 Td (be ) Tj ET Q q 0 0 0 rg BT 148.47 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 154.71 717.40 Td (weighted ) Tj ET Q q 0 0 0 rg BT 189.95 717.40 Td (average ) Tj ET Q q 0 0 0 rg BT 220.18 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 229.93 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 243.17 717.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 262.41 717.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 301.64 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 310.89 717.40 Td (other ) Tj ET Q q 0 0 0 rg BT 331.63 717.40 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 374.88 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 384.63 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 397.87 717.40 Td (Company) Tj ET Q q 0 0 0 rg BT 432.29 717.40 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (Drilling rigs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (Rigs, ) Tj ET Q q 0 0 0 rg BT 57.74 676.00 Td (vessels ) Tj ET Q q 0 0 0 rg BT 86.22 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 102.20 676.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 143.17 676.00 Td (are ) Tj ET Q q 0 0 0 rg BT 157.14 676.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 191.60 676.00 Td (at ) Tj ET Q q 0 0 0 rg BT 201.08 676.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 237.55 676.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 255.03 676.00 Td (less ) Tj ET Q q 0 0 0 rg BT 271.52 676.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 319.97 676.00 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 369.47 676.00 Td (The ) Tj ET Q q 0 0 0 rg BT 386.44 676.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 403.92 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 414.40 676.00 Td (these ) Tj ET Q q 0 0 0 rg BT 435.88 676.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 462.11 676.00 Td (less ) Tj ET Q q 0 0 0 rg BT 478.59 676.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 516.06 676.00 Td (residual ) Tj ET Q q 0 0 0 rg BT 547.53 676.00 Td (value ) Tj ET Q q 0 0 0 rg BT 570.01 676.00 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 79.57 665.20 Td (on ) Tj ET Q q 0 0 0 rg BT 90.67 665.20 Td (a ) Tj ET Q q 0 0 0 rg BT 96.76 665.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 142.34 665.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 162.44 665.20 Td (over ) Tj ET Q q 0 0 0 rg BT 180.53 665.20 Td (their ) Tj ET Q q 0 0 0 rg BT 199.12 665.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 235.70 665.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 274.29 665.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 311.37 665.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 335.46 665.20 Td (lives. ) Tj ET Q q 0 0 0 rg BT 356.66 665.20 Td (The ) Tj ET Q q 0 0 0 rg BT 372.75 665.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 409.33 665.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 446.41 665.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 470.51 665.20 Td (life ) Tj ET Q q 0 0 0 rg BT 484.60 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 494.19 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 507.28 665.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 549.50 665.20 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 654.40 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 54.00 654.40 Td (when ) Tj ET Q q 0 0 0 rg BT 75.74 654.40 Td (new) Tj ET Q q 0 0 0 rg BT 90.15 654.40 Td (, ) Tj ET Q q 0 0 0 rg BT 94.65 654.40 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.91 654.40 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.91 654.40 Td ( ) Tj ET Q q 0 0 0 rg BT 114.16 654.40 Td (years.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 626.80 Td (Significant ) Tj ET Q q 0 0 0 rg BT 78.33 626.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 124.17 626.80 Td (are ) Tj ET Q q 0 0 0 rg BT 137.99 626.80 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 179.81 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 195.64 626.80 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 239.95 626.80 Td (in ) Tj ET Q q 0 0 0 rg BT 249.79 626.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 293.09 626.80 Td (with ) Tj ET Q q 0 0 0 rg BT 311.93 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 325.77 626.80 Td (nature ) Tj ET Q q 0 0 0 rg BT 351.09 626.80 Td (of ) Tj ET Q q 0 0 0 rg BT 361.43 626.80 Td (the ) Tj ET Q q 0 0 0 rg BT 375.26 626.80 Td (investment. ) Tj ET Q q 0 0 0 rg BT 419.84 626.80 Td (Significant ) Tj ET Q q 0 0 0 rg BT 462.18 626.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 508.01 626.80 Td (that ) Tj ET Q q 0 0 0 rg BT 524.35 626.80 Td (are ) Tj ET Q q 0 0 0 rg BT 538.17 626.80 Td (deemed ) Tj ET Q q 0 0 0 rg BT 569.00 626.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 616.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 67.73 616.00 Td (an ) Tj ET Q q 0 0 0 rg BT 78.47 616.00 Td (asset's ) Tj ET Q q 0 0 0 rg BT 103.34 616.00 Td (value ) Tj ET Q q 0 0 0 rg BT 125.08 616.00 Td (for ) Tj ET Q q 0 0 0 rg BT 137.83 616.00 Td (its ) Tj ET Q q 0 0 0 rg BT 148.58 616.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 187.32 616.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 211.56 616.00 Td (life ) Tj ET Q q 0 0 0 rg BT 225.80 616.00 Td (are ) Tj ET Q q 0 0 0 rg BT 239.04 616.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 280.27 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 295.51 616.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 339.23 616.00 Td (over ) Tj ET Q q 0 0 0 rg BT 357.47 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.72 616.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 409.46 616.00 Td (life ) Tj ET Q q 0 0 0 rg BT 423.70 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 433.45 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.69 616.00 Td (asset.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 588.40 Td (Cost ) Tj ET Q q 0 0 0 rg BT 55.11 588.40 Td (of ) Tj ET Q q 0 0 0 rg BT 65.21 588.40 Td (property ) Tj ET Q q 0 0 0 rg BT 98.31 588.40 Td (and ) Tj ET Q q 0 0 0 rg BT 113.91 588.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 154.50 588.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 172.11 588.40 Td (or ) Tj ET Q q 0 0 0 rg BT 182.21 588.40 Td (retired, ) Tj ET Q q 0 0 0 rg BT 210.55 588.40 Td (with ) Tj ET Q q 0 0 0 rg BT 229.16 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 242.76 588.40 Td (related ) Tj ET Q q 0 0 0 rg BT 269.84 588.40 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 317.92 588.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 365.01 588.40 Td (and ) Tj ET Q q 0 0 0 rg BT 380.61 588.40 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 428.20 588.40 Td (are ) Tj ET Q q 0 0 0 rg BT 441.79 588.40 Td (removed ) Tj ET Q q 0 0 0 rg BT 475.88 588.40 Td (from ) Tj ET Q q 0 0 0 rg BT 495.98 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.58 588.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 539.67 588.40 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 563.02 588.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 577.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 69.75 577.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 90.99 577.60 Td (or ) Tj ET Q q 0 0 0 rg BT 100.74 577.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 124.49 577.60 Td (are ) Tj ET Q q 0 0 0 rg BT 137.73 577.60 Td (included ) Tj ET Q q 0 0 0 rg BT 170.97 577.60 Td (in ) Tj ET Q q 0 0 0 rg BT 180.22 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.46 577.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 241.20 577.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 277.94 577.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.69 577.60 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 550.00 Td (Assets held for sale ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.20 Td (Assets ) Tj ET Q q 0 0 0 rg BT 61.87 536.20 Td (are ) Tj ET Q q 0 0 0 rg BT 75.22 536.20 Td (classified ) Tj ET Q q 0 0 0 rg BT 111.58 536.20 Td (as ) Tj ET Q q 0 0 0 rg BT 121.44 536.20 Td (held ) Tj ET Q q 0 0 0 rg BT 139.31 536.20 Td (for ) Tj ET Q q 0 0 0 rg BT 152.17 536.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 168.53 536.20 Td (when ) Tj ET Q q 0 0 0 rg BT 190.39 536.20 Td (all ) Tj ET Q q 0 0 0 rg BT 201.75 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 211.62 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 536.20 Td (following ) Tj ET Q q 0 0 0 rg BT 262.35 536.20 Td (criteria ) Tj ET Q q 0 0 0 rg BT 290.19 536.20 Td (are ) Tj ET Q q 0 0 0 rg BT 303.55 536.20 Td (met: ) Tj ET Q q 0 0 0 rg BT 321.91 536.20 Td (Management, ) Tj ET Q q 0 0 0 rg BT 373.51 536.20 Td (having ) Tj ET Q q 0 0 0 rg BT 400.37 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 413.74 536.20 Td (authority ) Tj ET Q q 0 0 0 rg BT 448.60 536.20 Td (to ) Tj ET Q q 0 0 0 rg BT 457.97 536.20 Td (approve ) Tj ET Q q 0 0 0 rg BT 489.32 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 502.68 536.20 Td (action, ) Tj ET Q q 0 0 0 rg BT 529.29 536.20 Td (commits ) Tj ET Q q 0 0 0 rg BT 562.66 536.20 Td (to ) Tj ET Q q 0 0 0 rg BT 572.02 536.20 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 525.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 54.03 525.40 Td (to ) Tj ET Q q 0 0 0 rg BT 63.57 525.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 78.60 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 92.13 525.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 112.16 525.40 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 147.19 525.40 Td (group\), ) Tj ET Q q 0 0 0 rg BT 175.97 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 189.51 525.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 209.54 525.40 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 244.57 525.40 Td (group\) ) Tj ET Q q 0 0 0 rg BT 271.10 525.40 Td (is ) Tj ET Q q 0 0 0 rg BT 279.64 525.40 Td (available ) Tj ET Q q 0 0 0 rg BT 314.65 525.40 Td (for ) Tj ET Q q 0 0 0 rg BT 327.68 525.40 Td (immediate ) Tj ET Q q 0 0 0 rg BT 368.20 525.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 384.73 525.40 Td (in ) Tj ET Q q 0 0 0 rg BT 394.27 525.40 Td (its ) Tj ET Q q 0 0 0 rg BT 405.31 525.40 Td (present ) Tj ET Q q 0 0 0 rg BT 433.83 525.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 470.36 525.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 498.39 525.40 Td (only ) Tj ET Q q 0 0 0 rg BT 516.93 525.40 Td (to ) Tj ET Q q 0 0 0 rg BT 526.46 525.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 549.00 525.40 Td (that ) Tj ET Q q 0 0 0 rg BT 565.03 525.40 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.60 Td (usual ) Tj ET Q q 0 0 0 rg BT 57.45 514.60 Td (and ) Tj ET Q q 0 0 0 rg BT 72.91 514.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 112.85 514.60 Td (for ) Tj ET Q q 0 0 0 rg BT 125.80 514.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 145.75 514.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.71 514.60 Td (such ) Tj ET Q q 0 0 0 rg BT 174.66 514.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 198.11 514.60 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 233.07 514.60 Td (groups\), ) Tj ET Q q 0 0 0 rg BT 265.27 514.60 Td (an ) Tj ET Q q 0 0 0 rg BT 276.22 514.60 Td (active ) Tj ET Q q 0 0 0 rg BT 300.16 514.60 Td (program ) Tj ET Q q 0 0 0 rg BT 333.11 514.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.57 514.60 Td (locate ) Tj ET Q q 0 0 0 rg BT 366.51 514.60 Td (a ) Tj ET Q q 0 0 0 rg BT 372.96 514.60 Td (buyer ) Tj ET Q q 0 0 0 rg BT 395.91 514.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.36 514.60 Td (other ) Tj ET Q q 0 0 0 rg BT 432.31 514.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 460.26 514.60 Td (required ) Tj ET Q q 0 0 0 rg BT 492.70 514.60 Td (to ) Tj ET Q q 0 0 0 rg BT 502.15 514.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 537.60 514.60 Td (the ) Tj ET Q q 0 0 0 rg BT 551.05 514.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 569.00 514.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 503.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 50.44 503.80 Td (the ) Tj ET Q q 0 0 0 rg BT 63.39 503.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 82.83 503.80 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 117.27 503.80 Td (group\) ) Tj ET Q q 0 0 0 rg BT 143.21 503.80 Td (have ) Tj ET Q q 0 0 0 rg BT 162.15 503.80 Td (been ) Tj ET Q q 0 0 0 rg BT 181.09 503.80 Td (initiated, ) Tj ET Q q 0 0 0 rg BT 214.77 503.80 Td (the ) Tj ET Q q 0 0 0 rg BT 227.72 503.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 243.65 503.80 Td (of ) Tj ET Q q 0 0 0 rg BT 253.10 503.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.04 503.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.48 503.80 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 319.93 503.80 Td (group\) ) Tj ET Q q 0 0 0 rg BT 345.87 503.80 Td (is ) Tj ET Q q 0 0 0 rg BT 353.82 503.80 Td (probable, ) Tj ET Q q 0 0 0 rg BT 389.50 503.80 Td (and ) Tj ET Q q 0 0 0 rg BT 404.44 503.80 Td (transfer ) Tj ET Q q 0 0 0 rg BT 433.87 503.80 Td (of ) Tj ET Q q 0 0 0 rg BT 443.32 503.80 Td (the ) Tj ET Q q 0 0 0 rg BT 456.26 503.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 475.70 503.80 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 510.14 503.80 Td (group\) ) Tj ET Q q 0 0 0 rg BT 536.08 503.80 Td (is ) Tj ET Q q 0 0 0 rg BT 544.03 503.80 Td (expected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 493.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.35 493.00 Td (qualify ) Tj ET Q q 0 0 0 rg BT 73.19 493.00 Td (for ) Tj ET Q q 0 0 0 rg BT 86.04 493.00 Td (recognition ) Tj ET Q q 0 0 0 rg BT 129.38 493.00 Td (as ) Tj ET Q q 0 0 0 rg BT 139.22 493.00 Td (a ) Tj ET Q q 0 0 0 rg BT 145.57 493.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 185.40 493.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 204.00 493.00 Td (within ) Tj ET Q q 0 0 0 rg BT 229.35 493.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 236.20 493.00 Td (year) Tj ET Q q 0 0 0 rg BT 251.19 493.00 Td (. ) Tj ET Q q 0 0 0 rg BT 255.62 493.00 Td (The ) Tj ET Q q 0 0 0 rg BT 271.96 493.00 Td (term ) Tj ET Q q 0 0 0 rg BT 290.80 493.00 Td (probable ) Tj ET Q q 0 0 0 rg BT 324.64 493.00 Td (refers ) Tj ET Q q 0 0 0 rg BT 347.47 493.00 Td (to ) Tj ET Q q 0 0 0 rg BT 356.82 493.00 Td (a ) Tj ET Q q 0 0 0 rg BT 363.17 493.00 Td (future ) Tj ET Q q 0 0 0 rg BT 387.01 493.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 403.35 493.00 Td (that ) Tj ET Q q 0 0 0 rg BT 419.19 493.00 Td (is ) Tj ET Q q 0 0 0 rg BT 427.55 493.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 450.39 493.00 Td (to ) Tj ET Q q 0 0 0 rg BT 459.74 493.00 Td (occur) Tj ET Q q 0 0 0 rg BT 479.37 493.00 Td (, ) Tj ET Q q 0 0 0 rg BT 483.97 493.00 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 493.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 517.16 493.00 Td (\(disposal ) Tj ET Q q 0 0 0 rg BT 552.01 493.00 Td (group\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 482.20 Td (is ) Tj ET Q q 0 0 0 rg BT 44.10 482.20 Td (being ) Tj ET Q q 0 0 0 rg BT 66.20 482.20 Td (actively ) Tj ET Q q 0 0 0 rg BT 96.79 482.20 Td (marketed ) Tj ET Q q 0 0 0 rg BT 132.37 482.20 Td (for ) Tj ET Q q 0 0 0 rg BT 144.96 482.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 161.06 482.20 Td (at ) Tj ET Q q 0 0 0 rg BT 169.65 482.20 Td (a ) Tj ET Q q 0 0 0 rg BT 175.75 482.20 Td (price ) Tj ET Q q 0 0 0 rg BT 195.83 482.20 Td (that ) Tj ET Q q 0 0 0 rg BT 211.43 482.20 Td (is ) Tj ET Q q 0 0 0 rg BT 219.53 482.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 260.11 482.20 Td (in ) Tj ET Q q 0 0 0 rg BT 269.21 482.20 Td (relation ) Tj ET Q q 0 0 0 rg BT 298.80 482.20 Td (to ) Tj ET Q q 0 0 0 rg BT 307.90 482.20 Td (its ) Tj ET Q q 0 0 0 rg BT 318.51 482.20 Td (current ) Tj ET Q q 0 0 0 rg BT 346.09 482.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 360.68 482.20 Td (value ) Tj ET Q q 0 0 0 rg BT 382.27 482.20 Td (and ) Tj ET Q q 0 0 0 rg BT 397.37 482.20 Td (actions ) Tj ET Q q 0 0 0 rg BT 424.96 482.20 Td (required ) Tj ET Q q 0 0 0 rg BT 457.04 482.20 Td (to ) Tj ET Q q 0 0 0 rg BT 466.15 482.20 Td (complete ) Tj ET Q q 0 0 0 rg BT 501.23 482.20 Td (the ) Tj ET Q q 0 0 0 rg BT 514.33 482.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 531.92 482.20 Td (indicate ) Tj ET Q q 0 0 0 rg BT 562.51 482.20 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 471.40 Td (it ) Tj ET Q q 0 0 0 rg BT 43.25 471.40 Td (is ) Tj ET Q q 0 0 0 rg BT 51.50 471.40 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 83.25 471.40 Td (that ) Tj ET Q q 0 0 0 rg BT 99.00 471.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 139.24 471.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 170.47 471.40 Td (to ) Tj ET Q q 0 0 0 rg BT 179.72 471.40 Td (the ) Tj ET Q q 0 0 0 rg BT 192.97 471.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 210.71 471.40 Td (will ) Tj ET Q q 0 0 0 rg BT 226.96 471.40 Td (be ) Tj ET Q q 0 0 0 rg BT 237.71 471.40 Td (made ) Tj ET Q q 0 0 0 rg BT 259.45 471.40 Td (or ) Tj ET Q q 0 0 0 rg BT 269.20 471.40 Td (that ) Tj ET Q q 0 0 0 rg BT 284.94 471.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.19 471.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 315.93 471.40 Td (will ) Tj ET Q q 0 0 0 rg BT 332.18 471.40 Td (be ) Tj ET Q q 0 0 0 rg BT 342.93 471.40 Td (withdrawn.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 443.80 Td (Other equipment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 430.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 58.20 430.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 97.91 430.00 Td (is ) Tj ET Q q 0 0 0 rg BT 105.62 430.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 138.81 430.00 Td (at ) Tj ET Q q 0 0 0 rg BT 147.02 430.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 182.22 430.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.43 430.00 Td (less ) Tj ET Q q 0 0 0 rg BT 213.64 430.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 260.83 430.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 307.02 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 321.72 430.00 Td (is ) Tj ET Q q 0 0 0 rg BT 329.44 430.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 372.62 430.00 Td (over ) Tj ET Q q 0 0 0 rg BT 390.33 430.00 Td (its ) Tj ET Q q 0 0 0 rg BT 400.54 430.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 436.74 430.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 474.94 430.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 498.65 430.00 Td (life, ) Tj ET Q q 0 0 0 rg BT 514.60 430.00 Td (which ) Tj ET Q q 0 0 0 rg BT 538.31 430.00 Td (is ) Tj ET Q q 0 0 0 rg BT 546.02 430.00 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 419.20 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.99 419.20 Td ( ) Tj ET Q q 0 0 0 rg BT 56.24 419.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.48 419.20 Td (five) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.47 419.20 Td ( ) Tj ET Q q 0 0 0 rg BT 87.72 419.20 Td (years ) Tj ET Q q 0 0 0 rg BT 108.96 419.20 Td (depending ) Tj ET Q q 0 0 0 rg BT 148.70 419.20 Td (on ) Tj ET Q q 0 0 0 rg BT 159.95 419.20 Td (the ) Tj ET Q q 0 0 0 rg BT 173.20 419.20 Td (type ) Tj ET Q q 0 0 0 rg BT 190.94 419.20 Td (of ) Tj ET Q q 0 0 0 rg BT 200.69 419.20 Td (asset. ) Tj ET Q q 0 0 0 rg BT 222.68 419.20 Td ( ) Tj ET Q q 0 0 0 rg BT 224.93 419.20 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 266.68 419.20 Td (is ) Tj ET Q q 0 0 0 rg BT 274.93 419.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 308.66 419.20 Td (within ) Tj ET Q q 0 0 0 rg BT 333.91 419.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 356.65 419.20 Td (non-current ) Tj ET Q q 0 0 0 rg BT 400.88 419.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.13 419.20 Td (on ) Tj ET Q q 0 0 0 rg BT 435.38 419.20 Td (the ) Tj ET Q q 0 0 0 rg BT 448.62 419.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 478.35 419.20 Td (sheet. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 391.60 Td (Impairment of Long-Lived ) Tj ET Q q 0 0 0 rg BT 136.91 391.60 Td (Assets ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 377.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.00 377.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 83.99 377.80 Td (value ) Tj ET Q q 0 0 0 rg BT 105.49 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 115.00 377.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 154.00 377.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.01 377.80 Td (that ) Tj ET Q q 0 0 0 rg BT 192.51 377.80 Td (are ) Tj ET Q q 0 0 0 rg BT 205.51 377.80 Td (held ) Tj ET Q q 0 0 0 rg BT 223.01 377.80 Td (and ) Tj ET Q q 0 0 0 rg BT 238.02 377.80 Td (used ) Tj ET Q q 0 0 0 rg BT 256.52 377.80 Td (by ) Tj ET Q q 0 0 0 rg BT 267.53 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 280.54 377.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.54 377.80 Td (are ) Tj ET Q q 0 0 0 rg BT 330.54 377.80 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 365.53 377.80 Td (for ) Tj ET Q q 0 0 0 rg BT 378.03 377.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 421.53 377.80 Td (whenever ) Tj ET Q q 0 0 0 rg BT 458.52 377.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 485.01 377.80 Td (triggering ) Tj ET Q q 0 0 0 rg BT 522.51 377.80 Td (events ) Tj ET Q q 0 0 0 rg BT 547.51 377.80 Td (indicate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 367.00 Td (that ) Tj ET Q q 0 0 0 rg BT 51.46 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 367.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 96.36 367.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 125.31 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 134.77 367.00 Td (an ) Tj ET Q q 0 0 0 rg BT 145.23 367.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 164.68 367.00 Td (may ) Tj ET Q q 0 0 0 rg BT 182.14 367.00 Td (no ) Tj ET Q q 0 0 0 rg BT 193.10 367.00 Td (longer ) Tj ET Q q 0 0 0 rg BT 218.05 367.00 Td (be ) Tj ET Q q 0 0 0 rg BT 228.51 367.00 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 273.56 367.00 Td (The ) Tj ET Q q 0 0 0 rg BT 289.51 367.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.47 367.00 Td (assesses ) Tj ET Q q 0 0 0 rg BT 357.93 367.00 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 409.86 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 419.32 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 367.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 464.22 367.00 Td (value ) Tj ET Q q 0 0 0 rg BT 485.67 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 495.13 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 508.09 367.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 527.54 367.00 Td (by ) Tj ET Q q 0 0 0 rg BT 538.50 367.00 Td (estimating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.48 356.20 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 99.96 356.20 Td (future ) Tj ET Q q 0 0 0 rg BT 123.93 356.20 Td (net ) Tj ET Q q 0 0 0 rg BT 137.41 356.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.88 356.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.37 356.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 212.83 356.20 Td (to ) Tj ET Q q 0 0 0 rg BT 222.31 356.20 Td (result ) Tj ET Q q 0 0 0 rg BT 244.79 356.20 Td (from ) Tj ET Q q 0 0 0 rg BT 264.77 356.20 Td (the ) Tj ET Q q 0 0 0 rg BT 278.25 356.20 Td (asset, ) Tj ET Q q 0 0 0 rg BT 300.48 356.20 Td (including ) Tj ET Q q 0 0 0 rg BT 336.96 356.20 Td (eventual ) Tj ET Q q 0 0 0 rg BT 369.93 356.20 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 414.17 356.20 Td (If ) Tj ET Q q 0 0 0 rg BT 422.65 356.20 Td (the ) Tj ET Q q 0 0 0 rg BT 436.13 356.20 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 486.60 356.20 Td (future ) Tj ET Q q 0 0 0 rg BT 510.58 356.20 Td (net ) Tj ET Q q 0 0 0 rg BT 524.05 356.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 542.53 356.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 565.01 356.20 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 345.40 Td (less ) Tj ET Q q 0 0 0 rg BT 51.75 345.40 Td (than ) Tj ET Q q 0 0 0 rg BT 69.50 345.40 Td (the ) Tj ET Q q 0 0 0 rg BT 82.74 345.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 114.97 345.40 Td (value ) Tj ET Q q 0 0 0 rg BT 136.71 345.40 Td (of ) Tj ET Q q 0 0 0 rg BT 146.46 345.40 Td (the ) Tj ET Q q 0 0 0 rg BT 159.71 345.40 Td (asset, ) Tj ET Q q 0 0 0 rg BT 181.70 345.40 Td (an ) Tj ET Q q 0 0 0 rg BT 192.45 345.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 236.18 345.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 252.44 345.40 Td (is ) Tj ET Q q 0 0 0 rg BT 260.69 345.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 294.42 345.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 316.16 345.40 Td (to ) Tj ET Q q 0 0 0 rg BT 325.41 345.40 Td (the ) Tj ET Q q 0 0 0 rg BT 338.66 345.40 Td (dif) Tj ET Q q 0 0 0 rg BT 348.49 345.40 Td (ference ) Tj ET Q q 0 0 0 rg BT 377.21 345.40 Td (between ) Tj ET Q q 0 0 0 rg BT 409.45 345.40 Td (the ) Tj ET Q q 0 0 0 rg BT 422.69 345.40 Td (asset) Tj ET Q q 0 0 0 rg BT 442.69 345.40 Td (s ) Tj ET Q q 0 0 0 rg BT 448.44 345.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 480.67 345.40 Td (value ) Tj ET Q q 0 0 0 rg BT 502.41 345.40 Td (and ) Tj ET Q q 0 0 0 rg BT 517.66 345.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 532.40 345.40 Td (value.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 317.80 Td (Goodwill ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 304.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.76 304.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.53 304.00 Td (allocates ) Tj ET Q q 0 0 0 rg BT 124.79 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.55 304.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 173.31 304.00 Td (price ) Tj ET Q q 0 0 0 rg BT 194.06 304.00 Td (of ) Tj ET Q q 0 0 0 rg BT 204.33 304.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 238.08 304.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 278.85 304.00 Td (to ) Tj ET Q q 0 0 0 rg BT 288.63 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 302.39 304.00 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 346.15 304.00 Td (tangible ) Tj ET Q q 0 0 0 rg BT 377.91 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.67 304.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 432.44 304.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 456.20 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 471.97 304.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.24 304.00 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 544.24 304.00 Td (with ) Tj ET Q q 0 0 0 rg BT 563.01 304.00 Td (any ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 293.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 74.82 293.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 104.15 293.20 Td (being ) Tj ET Q q 0 0 0 rg BT 126.48 293.20 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 167.78 293.20 Td (as ) Tj ET Q q 0 0 0 rg BT 177.61 293.20 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 214.20 293.20 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 250.53 293.20 Td (is ) Tj ET Q q 0 0 0 rg BT 258.87 293.20 Td (tested ) Tj ET Q q 0 0 0 rg BT 282.19 293.20 Td (for ) Tj ET Q q 0 0 0 rg BT 295.02 293.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 338.84 293.20 Td (at ) Tj ET Q q 0 0 0 rg BT 347.67 293.20 Td (least ) Tj ET Q q 0 0 0 rg BT 366.49 293.20 Td (annually ) Tj ET Q q 0 0 0 rg BT 399.81 293.20 Td (at ) Tj ET Q q 0 0 0 rg BT 408.64 293.20 Td (the ) Tj ET Q q 0 0 0 rg BT 421.97 293.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.29 293.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 473.63 293.20 Td (level, ) Tj ET Q q 0 0 0 rg BT 495.70 293.20 Td (which ) Tj ET Q q 0 0 0 rg BT 520.02 293.20 Td (is ) Tj ET Q q 0 0 0 rg BT 528.36 293.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 557.68 293.20 Td (as ) Tj ET Q q 0 0 0 rg BT 567.51 293.20 Td (an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 282.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 72.40 282.40 Td (segment, ) Tj ET Q q 0 0 0 rg BT 107.06 282.40 Td (or ) Tj ET Q q 0 0 0 rg BT 116.96 282.40 Td (a ) Tj ET Q q 0 0 0 rg BT 123.37 282.40 Td (component ) Tj ET Q q 0 0 0 rg BT 165.77 282.40 Td (one ) Tj ET Q q 0 0 0 rg BT 181.18 282.40 Td (level ) Tj ET Q q 0 0 0 rg BT 201.08 282.40 Td (below ) Tj ET Q q 0 0 0 rg BT 225.49 282.40 Td (an ) Tj ET Q q 0 0 0 rg BT 236.40 282.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 272.80 282.40 Td (segment, ) Tj ET Q q 0 0 0 rg BT 307.45 282.40 Td (that ) Tj ET Q q 0 0 0 rg BT 323.36 282.40 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 364.27 282.40 Td (a ) Tj ET Q q 0 0 0 rg BT 370.68 282.40 Td (business ) Tj ET Q q 0 0 0 rg BT 403.59 282.40 Td (for ) Tj ET Q q 0 0 0 rg BT 416.50 282.40 Td (which ) Tj ET Q q 0 0 0 rg BT 440.91 282.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.80 282.40 Td (information ) Tj ET Q q 0 0 0 rg BT 519.71 282.40 Td (is ) Tj ET Q q 0 0 0 rg BT 528.12 282.40 Td (available ) Tj ET Q q 0 0 0 rg BT 563.01 282.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 271.60 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 271.60 Td (regularly ) Tj ET Q q 0 0 0 rg BT 78.99 271.60 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 114.22 271.60 Td (by ) Tj ET Q q 0 0 0 rg BT 125.47 271.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 175.79 271.60 Td (The ) Tj ET Q q 0 0 0 rg BT 192.03 271.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.28 271.60 Td (has ) Tj ET Q q 0 0 0 rg BT 243.52 271.60 Td (one ) Tj ET Q q 0 0 0 rg BT 258.77 271.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 294.01 271.60 Td (unit. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 244.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.19 244.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.38 244.00 Td (tests ) Tj ET Q q 0 0 0 rg BT 107.58 244.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 141.77 244.00 Td (for ) Tj ET Q q 0 0 0 rg BT 154.46 244.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 198.15 244.00 Td (on ) Tj ET Q q 0 0 0 rg BT 209.34 244.00 Td (an ) Tj ET Q q 0 0 0 rg BT 220.03 244.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 246.22 244.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 266.41 244.00 Td (as ) Tj ET Q q 0 0 0 rg BT 276.10 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.80 244.00 Td (December ) Tj ET Q q 0 0 0 rg BT 324.97 244.00 Td (31 ) Tj ET Q q 0 0 0 rg BT 336.16 244.00 Td (each ) Tj ET Q q 0 0 0 rg BT 354.84 244.00 Td (year ) Tj ET Q q 0 0 0 rg BT 372.52 244.00 Td (or ) Tj ET Q q 0 0 0 rg BT 382.22 244.00 Td (when ) Tj ET Q q 0 0 0 rg BT 403.91 244.00 Td (events ) Tj ET Q q 0 0 0 rg BT 429.09 244.00 Td (or ) Tj ET Q q 0 0 0 rg BT 438.79 244.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 491.96 244.00 Td (indicate ) Tj ET Q q 0 0 0 rg BT 522.64 244.00 Td (that ) Tj ET Q q 0 0 0 rg BT 538.33 244.00 Td (a ) Tj ET Q q 0 0 0 rg BT 544.52 244.00 Td (potential ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 233.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 79.75 233.20 Td (exists. ) Tj ET Q q 0 0 0 rg BT 104.61 233.20 Td (The ) Tj ET Q q 0 0 0 rg BT 120.86 233.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.13 233.20 Td (first ) Tj ET Q q 0 0 0 rg BT 174.89 233.20 Td (assesses ) Tj ET Q q 0 0 0 rg BT 206.65 233.20 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 246.90 233.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 273.66 233.20 Td (to ) Tj ET Q q 0 0 0 rg BT 282.92 233.20 Td (determine ) Tj ET Q q 0 0 0 rg BT 321.17 233.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 352.42 233.20 Td (it ) Tj ET Q q 0 0 0 rg BT 359.69 233.20 Td (is ) Tj ET Q q 0 0 0 rg BT 367.96 233.20 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 445.20 233.20 Td (that ) Tj ET Q q 0 0 0 rg BT 460.96 233.20 Td (the ) Tj ET Q q 0 0 0 rg BT 474.22 233.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 488.98 233.20 Td (value ) Tj ET Q q 0 0 0 rg BT 510.73 233.20 Td (of ) Tj ET Q q 0 0 0 rg BT 520.49 233.20 Td (a ) Tj ET Q q 0 0 0 rg BT 526.75 233.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 562.01 233.20 Td (unit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 222.40 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 222.40 Td (less ) Tj ET Q q 0 0 0 rg BT 60.00 222.40 Td (than ) Tj ET Q q 0 0 0 rg BT 77.75 222.40 Td (its ) Tj ET Q q 0 0 0 rg BT 88.50 222.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 120.74 222.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 149.98 222.40 Td (as ) Tj ET Q q 0 0 0 rg BT 159.73 222.40 Td (a ) Tj ET Q q 0 0 0 rg BT 165.97 222.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 186.22 222.40 Td (for ) Tj ET Q q 0 0 0 rg BT 198.97 222.40 Td (determining ) Tj ET Q q 0 0 0 rg BT 244.71 222.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 275.94 222.40 Td (it ) Tj ET Q q 0 0 0 rg BT 283.19 222.40 Td (is ) Tj ET Q q 0 0 0 rg BT 291.45 222.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 328.68 222.40 Td (to ) Tj ET Q q 0 0 0 rg BT 337.93 222.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 369.16 222.40 Td (the ) Tj ET Q q 0 0 0 rg BT 382.41 222.40 Td (two ) Tj ET Q q 0 0 0 rg BT 398.16 222.40 Td (step ) Tj ET Q q 0 0 0 rg BT 414.91 222.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 449.16 222.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 492.90 222.40 Td (test.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 194.80 Td (If ) Tj ET Q q 0 0 0 rg BT 45.09 194.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.18 194.80 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 100.26 194.80 Td (factors ) Tj ET Q q 0 0 0 rg BT 127.84 194.80 Td (indicate ) Tj ET Q q 0 0 0 rg BT 159.42 194.80 Td (possible ) Tj ET Q q 0 0 0 rg BT 192.02 194.80 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 238.85 194.80 Td (the ) Tj ET Q q 0 0 0 rg BT 252.94 194.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.03 194.80 Td (performs ) Tj ET Q q 0 0 0 rg BT 326.62 194.80 Td (a ) Tj ET Q q 0 0 0 rg BT 333.71 194.80 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 379.29 194.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 422.38 194.80 Td (to ) Tj ET Q q 0 0 0 rg BT 432.47 194.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 465.55 194.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.14 194.80 Td (value ) Tj ET Q q 0 0 0 rg BT 503.72 194.80 Td (of ) Tj ET Q q 0 0 0 rg BT 514.31 194.80 Td (its ) Tj ET Q q 0 0 0 rg BT 525.91 194.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 562.00 194.80 Td (unit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 184.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 73.39 184.00 Td (to ) Tj ET Q q 0 0 0 rg BT 82.31 184.00 Td (their ) Tj ET Q q 0 0 0 rg BT 100.71 184.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 132.60 184.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 156.26 184.00 Td (In ) Tj ET Q q 0 0 0 rg BT 165.67 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.57 184.00 Td (event ) Tj ET Q q 0 0 0 rg BT 199.97 184.00 Td (that ) Tj ET Q q 0 0 0 rg BT 215.38 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.29 184.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.69 184.00 Td (value ) Tj ET Q q 0 0 0 rg BT 264.09 184.00 Td (is ) Tj ET Q q 0 0 0 rg BT 272.00 184.00 Td (less ) Tj ET Q q 0 0 0 rg BT 287.42 184.00 Td (than ) Tj ET Q q 0 0 0 rg BT 304.82 184.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 336.72 184.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 360.37 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 373.28 184.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.19 184.00 Td (must ) Tj ET Q q 0 0 0 rg BT 429.60 184.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 460.50 184.00 Td (an ) Tj ET Q q 0 0 0 rg BT 470.90 184.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 502.29 184.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 529.20 184.00 Td (to ) Tj ET Q q 0 0 0 rg BT 538.11 184.00 Td (a ) Tj ET Q q 0 0 0 rg BT 544.02 184.00 Td (purchase ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.20 Td (price ) Tj ET Q q 0 0 0 rg BT 56.37 173.20 Td (allocation ) Tj ET Q q 0 0 0 rg BT 94.24 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 103.63 173.20 Td (a ) Tj ET Q q 0 0 0 rg BT 110.01 173.20 Td (business ) Tj ET Q q 0 0 0 rg BT 142.90 173.20 Td (combination ) Tj ET Q q 0 0 0 rg BT 190.27 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 199.66 173.20 Td (order ) Tj ET Q q 0 0 0 rg BT 221.03 173.20 Td (to ) Tj ET Q q 0 0 0 rg BT 230.42 173.20 Td (determine ) Tj ET Q q 0 0 0 rg BT 268.79 173.20 Td (the ) Tj ET Q q 0 0 0 rg BT 282.17 173.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 311.55 173.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.43 173.20 Td (the ) Tj ET Q q 0 0 0 rg BT 334.81 173.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 378.68 173.20 Td (char) Tj ET Q q 0 0 0 rg BT 394.01 173.20 Td (ge.The ) Tj ET Q q 0 0 0 rg BT 421.13 173.20 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 466.00 173.20 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 500.39 173.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 544.26 173.20 Td (test ) Tj ET Q q 0 0 0 rg BT 559.15 173.20 Td (for ) Tj ET Q q 0 0 0 rg BT 572.02 173.20 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 71.59 162.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 88.19 162.40 Td (is ) Tj ET Q q 0 0 0 rg BT 96.79 162.40 Td (based ) Tj ET Q q 0 0 0 rg BT 119.88 162.40 Td (on ) Tj ET Q q 0 0 0 rg BT 131.48 162.40 Td (discounted ) Tj ET Q q 0 0 0 rg BT 173.08 162.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.67 162.40 Td (flows. ) Tj ET Q q 0 0 0 rg BT 216.33 162.40 Td (The ) Tj ET Q q 0 0 0 rg BT 232.92 162.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.52 162.40 Td (uses ) Tj ET Q q 0 0 0 rg BT 288.62 162.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 325.70 162.40 Td (future ) Tj ET Q q 0 0 0 rg BT 349.79 162.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 368.38 162.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 390.98 162.40 Td (applying ) Tj ET Q q 0 0 0 rg BT 425.08 162.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 456.66 162.40 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 489.24 162.40 Td (during ) Tj ET Q q 0 0 0 rg BT 515.34 162.40 Td (the ) Tj ET Q q 0 0 0 rg BT 528.94 162.40 Td (firm ) Tj ET Q q 0 0 0 rg BT 547.03 162.40 Td (contract ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 64.09 151.60 Td (and ) Tj ET Q q 0 0 0 rg BT 78.68 151.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 114.77 151.60 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 153.34 151.60 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 184.92 151.60 Td (for ) Tj ET Q q 0 0 0 rg BT 197.01 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.60 151.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 237.69 151.60 Td (after ) Tj ET Q q 0 0 0 rg BT 255.77 151.60 Td (expiry ) Tj ET Q q 0 0 0 rg BT 280.36 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.45 151.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 306.54 151.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 337.12 151.60 Td (periods. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.46 151.60 Td (Zero) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.45 151.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.05 151.60 Td (escalation ) Tj ET Q q 0 0 0 rg BT 423.63 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.72 151.60 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 464.30 151.60 Td (for ) Tj ET Q q 0 0 0 rg BT 476.39 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.98 151.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 517.07 151.60 Td (will ) Tj ET Q q 0 0 0 rg BT 532.67 151.60 Td (be ) Tj ET Q q 0 0 0 rg BT 542.76 151.60 Td (assumed. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.84 140.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 88.18 140.80 Td (future ) Tj ET Q q 0 0 0 rg BT 111.52 140.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 129.37 140.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 151.22 140.80 Td (will ) Tj ET Q q 0 0 0 rg BT 167.07 140.80 Td (be ) Tj ET Q q 0 0 0 rg BT 177.41 140.80 Td (based ) Tj ET Q q 0 0 0 rg BT 199.76 140.80 Td (on ) Tj ET Q q 0 0 0 rg BT 210.61 140.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 248.95 140.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 285.78 140.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 309.63 140.80 Td (lives ) Tj ET Q q 0 0 0 rg BT 328.48 140.80 Td (for ) Tj ET Q q 0 0 0 rg BT 340.82 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 353.67 140.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 378.77 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 393.61 140.80 Td (discounted ) Tj ET Q q 0 0 0 rg BT 434.46 140.80 Td (using ) Tj ET Q q 0 0 0 rg BT 455.81 140.80 Td (a ) Tj ET Q q 0 0 0 rg BT 461.66 140.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 496.50 140.80 Td (average ) Tj ET Q q 0 0 0 rg BT 526.32 140.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 542.67 140.80 Td (of ) Tj ET Q q 0 0 0 rg BT 552.02 140.80 Td (capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.00 Td (\(W) Tj ET Q q 0 0 0 rg BT 46.49 130.00 Td (ACC\).) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 102.40 Td (Defined benefit pension plans ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 88.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.77 88.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.54 88.60 Td (has ) Tj ET Q q 0 0 0 rg BT 105.32 88.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 135.08 88.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 162.84 88.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 184.62 88.60 Td (which ) Tj ET Q q 0 0 0 rg BT 209.39 88.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 239.66 88.60 Td (retirement, ) Tj ET Q q 0 0 0 rg BT 281.66 88.60 Td (death ) Tj ET Q q 0 0 0 rg BT 303.93 88.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.70 88.60 Td (early ) Tj ET Q q 0 0 0 rg BT 340.46 88.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 384.73 88.60 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 418.04 88.60 Td (The ) Tj ET Q q 0 0 0 rg BT 434.81 88.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 477.71 88.60 Td (net ) Tj ET Q q 0 0 0 rg BT 491.48 88.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 530.76 88.60 Td (is ) Tj ET Q q 0 0 0 rg BT 539.53 88.60 Td (calculated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 77.80 Td (separately ) Tj ET Q q 0 0 0 rg BT 74.73 77.80 Td (for ) Tj ET Q q 0 0 0 rg BT 87.47 77.80 Td (each ) Tj ET Q q 0 0 0 rg BT 106.21 77.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 123.95 77.80 Td (by ) Tj ET Q q 0 0 0 rg BT 135.20 77.80 Td (estimating ) Tj ET Q q 0 0 0 rg BT 174.95 77.80 Td (the ) Tj ET Q q 0 0 0 rg BT 188.19 77.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 217.44 77.80 Td (of ) Tj ET Q q 0 0 0 rg BT 227.18 77.80 Td (the ) Tj ET Q q 0 0 0 rg BT 240.43 77.80 Td (future ) Tj ET Q q 0 0 0 rg BT 264.17 77.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 291.41 77.80 Td (that ) Tj ET Q q 0 0 0 rg BT 307.15 77.80 Td (employees ) Tj ET Q q 0 0 0 rg BT 347.89 77.80 Td (have ) Tj ET Q q 0 0 0 rg BT 367.13 77.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 393.36 77.80 Td (in ) Tj ET Q q 0 0 0 rg BT 402.61 77.80 Td (return ) Tj ET Q q 0 0 0 rg BT 426.35 77.80 Td (for ) Tj ET Q q 0 0 0 rg BT 439.09 77.80 Td (their ) Tj ET Q q 0 0 0 rg BT 457.84 77.80 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 500.07 77.80 Td (service.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.57 50.20 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 94.63 50.20 Td (projected ) Tj ET Q q 0 0 0 rg BT 130.70 50.20 Td (future ) Tj ET Q q 0 0 0 rg BT 154.77 50.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 182.34 50.20 Td (obligation ) Tj ET Q q 0 0 0 rg BT 221.42 50.20 Td (is ) Tj ET Q q 0 0 0 rg BT 230.00 50.20 Td (discounted ) Tj ET Q q 0 0 0 rg BT 271.58 50.20 Td (to ) Tj ET Q q 0 0 0 rg BT 281.16 50.20 Td (a ) Tj ET Q q 0 0 0 rg BT 287.73 50.20 Td (present ) Tj ET Q q 0 0 0 rg BT 316.31 50.20 Td (value, ) Tj ET Q q 0 0 0 rg BT 340.63 50.20 Td (and ) Tj ET Q q 0 0 0 rg BT 356.20 50.20 Td (the ) Tj ET Q q 0 0 0 rg BT 369.78 50.20 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 411.84 50.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 426.91 50.20 Td (value ) Tj ET Q q 0 0 0 rg BT 448.98 50.20 Td (of ) Tj ET Q q 0 0 0 rg BT 459.06 50.20 Td (any ) Tj ET Q q 0 0 0 rg BT 474.64 50.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 492.72 50.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 516.29 50.20 Td (is ) Tj ET Q q 0 0 0 rg BT 524.88 50.20 Td (deducted. ) Tj ET Q q 0 0 0 rg BT 562.01 50.20 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 39.40 Td (discount ) Tj ET Q q 0 0 0 rg BT 68.99 39.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 84.96 39.40 Td (is ) Tj ET Q q 0 0 0 rg BT 93.45 39.40 Td (the ) Tj ET Q q 0 0 0 rg BT 106.93 39.40 Td (market ) Tj ET Q q 0 0 0 rg BT 134.41 39.40 Td (yield ) Tj ET Q q 0 0 0 rg BT 154.89 39.40 Td (at ) Tj ET Q q 0 0 0 rg BT 163.87 39.40 Td (the ) Tj ET Q q 0 0 0 rg BT 177.35 39.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 207.32 39.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 228.30 39.40 Td (date ) Tj ET Q q 0 0 0 rg BT 245.78 39.40 Td (on ) Tj ET Q q 0 0 0 rg BT 257.26 39.40 Td (government ) Tj ET Q q 0 0 0 rg BT 302.74 39.40 Td (bonds ) Tj ET Q q 0 0 0 rg BT 326.73 39.40 Td (in ) Tj ET Q q 0 0 0 rg BT 336.22 39.40 Td (the ) Tj ET Q q 0 0 0 rg BT 349.70 39.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 381.17 39.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 415.13 39.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.62 39.40 Td (based ) Tj ET Q q 0 0 0 rg BT 453.59 39.40 Td (on ) Tj ET Q q 0 0 0 rg BT 465.08 39.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 487.56 39.40 Td (consistent ) Tj ET Q q 0 0 0 rg BT 526.05 39.40 Td (with ) Tj ET Q q 0 0 0 rg BT 544.54 39.40 Td (the ) Tj ET Q q 0 0 0 rg BT 558.02 39.40 Td (post-) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 84.56 749.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 113.12 749.80 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 158.68 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 176.25 749.80 Td (retirement ) Tj ET Q q 0 0 0 rg BT 216.80 749.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 248.86 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 263.41 749.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 300.47 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 308.03 749.80 Td (function ) Tj ET Q q 0 0 0 rg BT 341.60 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 352.66 749.80 Td (number ) Tj ET Q q 0 0 0 rg BT 383.73 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 394.79 749.80 Td (years ) Tj ET Q q 0 0 0 rg BT 417.35 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 428.42 749.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 476.98 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 493.55 749.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 524.12 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 535.18 749.80 Td (employees) Tj ET Q q 0 0 0 rg BT 576.00 749.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (remuneration. ) Tj ET Q q 0 0 0 rg BT 88.48 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 104.90 739.00 Td (plans ) Tj ET Q q 0 0 0 rg BT 126.32 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 139.73 739.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 175.65 739.00 Td (funded ) Tj ET Q q 0 0 0 rg BT 203.06 739.00 Td (through ) Tj ET Q q 0 0 0 rg BT 233.48 739.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 270.40 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 279.83 739.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 316.74 739.00 Td (companies. ) Tj ET Q q 0 0 0 rg BT 359.72 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 376.14 739.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 413.56 739.00 Td (records ) Tj ET Q q 0 0 0 rg BT 442.47 739.00 Td (its ) Tj ET Q q 0 0 0 rg BT 453.40 739.00 Td (pension ) Tj ET Q q 0 0 0 rg BT 483.82 739.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 504.25 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 513.67 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 527.09 739.00 Td (period ) Tj ET Q q 0 0 0 rg BT 552.51 739.00 Td (during ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (which ) Tj ET Q q 0 0 0 rg BT 60.43 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 73.85 728.20 Td (services ) Tj ET Q q 0 0 0 rg BT 105.27 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 118.69 728.20 Td (rendered ) Tj ET Q q 0 0 0 rg BT 152.60 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 164.03 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 177.45 728.20 Td (employees. ) Tj ET Q q 0 0 0 rg BT 220.09 728.20 Td (Actuarial ) Tj ET Q q 0 0 0 rg BT 256.00 728.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 277.43 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 292.85 728.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 316.79 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 330.20 728.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 372.11 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 381.54 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 394.97 728.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 442.89 728.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 479.81 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 489.74 728.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 529.66 728.20 Td (when ) Tj ET Q q 0 0 0 rg BT 551.58 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 565.01 728.20 Td (net ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 78.64 717.40 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 129.77 717.40 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 163.40 717.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 185.05 717.40 Td (or ) Tj ET Q q 0 0 0 rg BT 195.21 717.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 219.36 717.40 Td (for ) Tj ET Q q 0 0 0 rg BT 232.51 717.40 Td (each ) Tj ET Q q 0 0 0 rg BT 251.65 717.40 Td (individual ) Tj ET Q q 0 0 0 rg BT 290.80 717.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 308.95 717.40 Td (at ) Tj ET Q q 0 0 0 rg BT 318.10 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 331.75 717.40 Td (end ) Tj ET Q q 0 0 0 rg BT 347.40 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.55 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 371.20 717.40 Td (previous ) Tj ET Q q 0 0 0 rg BT 404.85 717.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 440.49 717.40 Td (year ) Tj ET Q q 0 0 0 rg BT 458.63 717.40 Td (exceed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.26 717.40 Td (10%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.76 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 505.42 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 515.57 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 529.22 717.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 554.86 717.40 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 717.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (present ) Tj ET Q q 0 0 0 rg BT 64.64 706.60 Td (value ) Tj ET Q q 0 0 0 rg BT 86.77 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.92 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.56 706.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 140.19 706.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 167.82 706.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 206.97 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.61 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 236.25 706.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.39 706.60 Td (value ) Tj ET Q q 0 0 0 rg BT 273.52 706.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.67 706.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 301.81 706.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.45 706.60 Td (at ) Tj ET Q q 0 0 0 rg BT 334.59 706.60 Td (that ) Tj ET Q q 0 0 0 rg BT 350.73 706.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 370.43 706.60 Td (These ) Tj ET Q q 0 0 0 rg BT 394.57 706.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 416.21 706.60 Td (and ) Tj ET Q q 0 0 0 rg BT 431.85 706.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 456.00 706.60 Td (are ) Tj ET Q q 0 0 0 rg BT 469.63 706.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 511.75 706.60 Td (over ) Tj ET Q q 0 0 0 rg BT 530.39 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.03 706.60 Td (expected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 73.71 695.80 Td (working ) Tj ET Q q 0 0 0 rg BT 104.93 695.80 Td (lives ) Tj ET Q q 0 0 0 rg BT 123.15 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 131.87 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 144.08 695.80 Td (employees ) Tj ET Q q 0 0 0 rg BT 183.79 695.80 Td (participating ) Tj ET Q q 0 0 0 rg BT 230.50 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 238.72 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 250.94 695.80 Td (plans. ) Tj ET Q q 0 0 0 rg BT 273.41 695.80 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 313.87 695.80 Td (recognition ) Tj ET Q q 0 0 0 rg BT 356.08 695.80 Td (of ) Tj ET Q q 0 0 0 rg BT 364.79 695.80 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 396.99 695.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 417.21 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 431.43 695.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 454.15 695.80 Td (is ) Tj ET Q q 0 0 0 rg BT 461.38 695.80 Td (included ) Tj ET Q q 0 0 0 rg BT 493.59 695.80 Td (in ) Tj ET Q q 0 0 0 rg BT 501.81 695.80 Td (other ) Tj ET Q q 0 0 0 rg BT 521.53 695.80 Td (comprehensive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (income. ) Tj ET Q q 0 0 0 rg BT 67.08 685.00 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 685.00 Td (Those ) Tj ET Q q 0 0 0 rg BT 93.57 685.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 126.41 685.00 Td (will ) Tj ET Q q 0 0 0 rg BT 142.74 685.00 Td (be ) Tj ET Q q 0 0 0 rg BT 153.58 685.00 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 202.91 685.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 244.72 685.00 Td (as ) Tj ET Q q 0 0 0 rg BT 254.55 685.00 Td (a ) Tj ET Q q 0 0 0 rg BT 260.88 685.00 Td (component ) Tj ET Q q 0 0 0 rg BT 303.21 685.00 Td (of ) Tj ET Q q 0 0 0 rg BT 313.04 685.00 Td (net ) Tj ET Q q 0 0 0 rg BT 326.37 685.00 Td (periodic ) Tj ET Q q 0 0 0 rg BT 358.20 685.00 Td (pension ) Tj ET Q q 0 0 0 rg BT 388.53 685.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 405.36 685.00 Td (on ) Tj ET Q q 0 0 0 rg BT 416.70 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 430.03 685.00 Td (same ) Tj ET Q q 0 0 0 rg BT 450.86 685.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 471.19 685.00 Td (as ) Tj ET Q q 0 0 0 rg BT 481.03 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 494.36 685.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 527.19 685.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 569.00 685.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 674.20 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 83.72 674.20 Td (other ) Tj ET Q q 0 0 0 rg BT 104.47 674.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 161.20 674.20 Td (income.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.60 Td (On ) Tj ET Q q 0 0 0 rg BT 49.13 646.60 Td (retirement, ) Tj ET Q q 0 0 0 rg BT 90.48 646.60 Td (or ) Tj ET Q q 0 0 0 rg BT 100.10 646.60 Td (when ) Tj ET Q q 0 0 0 rg BT 121.72 646.60 Td (an ) Tj ET Q q 0 0 0 rg BT 132.35 646.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 169.46 646.60 Td (leaves ) Tj ET Q q 0 0 0 rg BT 194.07 646.60 Td (the ) Tj ET Q q 0 0 0 rg BT 207.19 646.60 Td (Company) Tj ET Q q 0 0 0 rg BT 241.60 646.60 Td (, ) Tj ET Q q 0 0 0 rg BT 245.98 646.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.10 646.60 Td (member's ) Tj ET Q q 0 0 0 rg BT 295.84 646.60 Td (pension ) Tj ET Q q 0 0 0 rg BT 325.96 646.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 356.08 646.60 Td (is ) Tj ET Q q 0 0 0 rg BT 364.21 646.60 Td (transferred ) Tj ET Q q 0 0 0 rg BT 405.31 646.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.44 646.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.56 646.60 Td (life ) Tj ET Q q 0 0 0 rg BT 441.68 646.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 478.29 646.60 Td (company ) Tj ET Q q 0 0 0 rg BT 513.41 646.60 Td (administering ) Tj ET Q q 0 0 0 rg BT 565.02 646.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (plan, ) Tj ET Q q 0 0 0 rg BT 56.38 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 72.01 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 85.63 635.80 Td (pension ) Tj ET Q q 0 0 0 rg BT 116.27 635.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 134.39 635.80 Td (no ) Tj ET Q q 0 0 0 rg BT 146.03 635.80 Td (longer ) Tj ET Q q 0 0 0 rg BT 171.65 635.80 Td (retains ) Tj ET Q q 0 0 0 rg BT 198.28 635.80 Td (an ) Tj ET Q q 0 0 0 rg BT 209.40 635.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 248.53 635.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 278.65 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 288.29 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 301.92 635.80 Td (leaving ) Tj ET Q q 0 0 0 rg BT 331.04 635.80 Td (member) Tj ET Q q 0 0 0 rg BT 360.03 635.80 Td (. ) Tj ET Q q 0 0 0 rg BT 364.91 635.80 Td ( ) Tj ET Q q 0 0 0 rg BT 367.36 635.80 Td (This ) Tj ET Q q 0 0 0 rg BT 385.99 635.80 Td (action ) Tj ET Q q 0 0 0 rg BT 410.62 635.80 Td (is ) Tj ET Q q 0 0 0 rg BT 419.25 635.80 Td (deemed ) Tj ET Q q 0 0 0 rg BT 449.87 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 459.50 635.80 Td (represent ) Tj ET Q q 0 0 0 rg BT 495.12 635.80 Td (a ) Tj ET Q q 0 0 0 rg BT 501.75 635.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 541.37 635.80 Td (under ) Tj ET Q q 0 0 0 rg BT 564.49 635.80 Td (US ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 59.51 625.00 Td (, ) Tj ET Q q 0 0 0 rg BT 63.92 625.00 Td (as ) Tj ET Q q 0 0 0 rg BT 73.58 625.00 Td (it ) Tj ET Q q 0 0 0 rg BT 80.75 625.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 119.40 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.56 625.00 Td (elimination ) Tj ET Q q 0 0 0 rg BT 175.71 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 185.37 625.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 225.53 625.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 244.70 625.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 274.35 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 283.51 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.67 625.00 Td (pension ) Tj ET Q q 0 0 0 rg BT 326.84 625.00 Td (obligation ) Tj ET Q q 0 0 0 rg BT 365.50 625.00 Td (and ) Tj ET Q q 0 0 0 rg BT 380.66 625.00 Td (related ) Tj ET Q q 0 0 0 rg BT 407.30 625.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 432.71 625.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 457.37 625.00 Td (settlement ) Tj ET Q q 0 0 0 rg BT 496.52 625.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 538.17 625.00 Td (US ) Tj ET Q q 0 0 0 rg BT 551.84 625.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 576.01 625.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 614.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 67.86 614.20 Td (a ) Tj ET Q q 0 0 0 rg BT 74.72 614.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 103.59 614.20 Td (of ) Tj ET Q q 0 0 0 rg BT 113.95 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.82 614.20 Td (net ) Tj ET Q q 0 0 0 rg BT 141.68 614.20 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 182.03 614.20 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 215.88 614.20 Td (gains/losses ) Tj ET Q q 0 0 0 rg BT 261.75 614.20 Td (to ) Tj ET Q q 0 0 0 rg BT 271.62 614.20 Td (be ) Tj ET Q q 0 0 0 rg BT 282.98 614.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 325.33 614.20 Td (through ) Tj ET Q q 0 0 0 rg BT 356.19 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 370.06 614.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 407.42 614.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.78 614.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 460.39 614.20 Td ( ) Tj ET Q q 0 0 0 rg BT 463.06 614.20 Td (The ) Tj ET Q q 0 0 0 rg BT 479.92 614.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 508.78 614.20 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 555.14 614.20 Td (to ) Tj ET Q q 0 0 0 rg BT 565.01 614.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 603.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 65.27 603.40 Td (value ) Tj ET Q q 0 0 0 rg BT 87.04 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 96.82 603.40 Td (the ) Tj ET Q q 0 0 0 rg BT 110.10 603.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 148.89 603.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 185.16 603.40 Td (as ) Tj ET Q q 0 0 0 rg BT 194.94 603.40 Td (a ) Tj ET Q q 0 0 0 rg BT 201.22 603.40 Td (result ) Tj ET Q q 0 0 0 rg BT 223.50 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 233.28 603.40 Td (the ) Tj ET Q q 0 0 0 rg BT 246.56 603.40 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 288.09 603.40 Td ( ) Tj ET Q q 0 0 0 rg BT 290.37 603.40 Td (However ) Tj ET Q q 0 0 0 rg BT 325.64 603.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 364.92 603.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 406.69 603.40 Td (is ) Tj ET Q q 0 0 0 rg BT 414.98 603.40 Td (not ) Tj ET Q q 0 0 0 rg BT 428.76 603.40 Td (required ) Tj ET Q q 0 0 0 rg BT 461.03 603.40 Td (if ) Tj ET Q q 0 0 0 rg BT 468.81 603.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.09 603.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 498.88 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 508.66 603.40 Td (all ) Tj ET Q q 0 0 0 rg BT 519.94 603.40 Td (settlements ) Tj ET Q q 0 0 0 rg BT 562.72 603.40 Td (in ) Tj ET Q q 0 0 0 rg BT 572.00 603.40 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 592.60 Td (year ) Tj ET Q q 0 0 0 rg BT 53.71 592.60 Td (is ) Tj ET Q q 0 0 0 rg BT 61.94 592.60 Td (not ) Tj ET Q q 0 0 0 rg BT 75.66 592.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 105.87 592.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.10 592.60 Td (be ) Tj ET Q q 0 0 0 rg BT 125.82 592.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 166.03 592.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.26 592.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.48 592.60 Td (context ) Tj ET Q q 0 0 0 rg BT 217.19 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.91 592.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.13 592.60 Td (plan. ) Tj ET Q q 0 0 0 rg BT 259.94 592.60 Td (The ) Tj ET Q q 0 0 0 rg BT 276.16 592.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.38 592.60 Td (deems ) Tj ET Q q 0 0 0 rg BT 338.60 592.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.82 592.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 391.03 592.60 Td (not ) Tj ET Q q 0 0 0 rg BT 404.76 592.60 Td (to ) Tj ET Q q 0 0 0 rg BT 413.98 592.60 Td (be ) Tj ET Q q 0 0 0 rg BT 424.70 592.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 464.92 592.60 Td (when ) Tj ET Q q 0 0 0 rg BT 486.64 592.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.85 592.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 516.58 592.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.30 592.60 Td (settlements ) Tj ET Q q 0 0 0 rg BT 569.01 592.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.24 581.80 Td (year ) Tj ET Q q 0 0 0 rg BT 66.97 581.80 Td (is ) Tj ET Q q 0 0 0 rg BT 75.22 581.80 Td (less ) Tj ET Q q 0 0 0 rg BT 90.96 581.80 Td (than ) Tj ET Q q 0 0 0 rg BT 108.70 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 121.94 581.80 Td (sum ) Tj ET Q q 0 0 0 rg BT 139.19 581.80 Td (of ) Tj ET Q q 0 0 0 rg BT 148.93 581.80 Td (service ) Tj ET Q q 0 0 0 rg BT 176.66 581.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 193.40 581.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.64 581.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 237.38 581.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 254.12 581.80 Td (in ) Tj ET Q q 0 0 0 rg BT 263.36 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.60 581.80 Td (year) Tj ET Q q 0 0 0 rg BT 291.59 581.80 Td (. ) Tj ET Q q 0 0 0 rg BT 296.09 581.80 Td ( ) Tj ET Q q 0 0 0 rg BT 298.33 581.80 Td (In ) Tj ET Q q 0 0 0 rg BT 308.07 581.80 Td (this ) Tj ET Q q 0 0 0 rg BT 323.32 581.80 Td (case ) Tj ET Q q 0 0 0 rg BT 341.05 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 354.29 581.80 Td (dif) Tj ET Q q 0 0 0 rg BT 364.13 581.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 392.85 581.80 Td (between ) Tj ET Q q 0 0 0 rg BT 425.07 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 438.31 581.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 474.55 581.80 Td (in ) Tj ET Q q 0 0 0 rg BT 483.79 581.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 511.02 581.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 549.76 581.80 Td (and ) Tj ET Q q 0 0 0 rg BT 565.00 581.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 571.00 Td (plan ) Tj ET Q q 0 0 0 rg BT 53.55 571.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.60 571.00 Td (transferred ) Tj ET Q q 0 0 0 rg BT 117.63 571.00 Td (to ) Tj ET Q q 0 0 0 rg BT 126.69 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.74 571.00 Td (life ) Tj ET Q q 0 0 0 rg BT 153.79 571.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 190.33 571.00 Td (company ) Tj ET Q q 0 0 0 rg BT 225.37 571.00 Td (is ) Tj ET Q q 0 0 0 rg BT 233.43 571.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 274.96 571.00 Td (within ) Tj ET Q q 0 0 0 rg BT 300.02 571.00 Td ("other ) Tj ET Q q 0 0 0 rg BT 324.24 571.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 380.78 571.00 Td (income", ) Tj ET Q q 0 0 0 rg BT 415.25 571.00 Td (rather ) Tj ET Q q 0 0 0 rg BT 438.29 571.00 Td (than ) Tj ET Q q 0 0 0 rg BT 455.84 571.00 Td (being ) Tj ET Q q 0 0 0 rg BT 477.89 571.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 519.42 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 528.48 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 541.53 571.00 Td (statement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 560.20 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 532.60 Td (T) Tj ET Q q 0 0 0 rg BT 41.16 532.60 Td (reasury shares ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.80 Td (T) Tj ET Q q 0 0 0 rg BT 41.18 518.80 Td (reasury ) Tj ET Q q 0 0 0 rg BT 70.16 518.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 95.14 518.80 Td (are ) Tj ET Q q 0 0 0 rg BT 108.62 518.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 150.58 518.80 Td (at ) Tj ET Q q 0 0 0 rg BT 159.57 518.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 176.56 518.80 Td (as ) Tj ET Q q 0 0 0 rg BT 186.55 518.80 Td (a ) Tj ET Q q 0 0 0 rg BT 193.03 518.80 Td (separate ) Tj ET Q q 0 0 0 rg BT 225.00 518.80 Td (component ) Tj ET Q q 0 0 0 rg BT 267.48 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 277.47 518.80 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 327.06 518.80 Td (equity) Tj ET Q q 0 0 0 rg BT 348.98 518.80 Td (. ) Tj ET Q q 0 0 0 rg BT 353.54 518.80 Td (The ) Tj ET Q q 0 0 0 rg BT 370.02 518.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 404.49 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 414.48 518.80 Td (treasury ) Tj ET Q q 0 0 0 rg BT 445.96 518.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.94 518.80 Td (reduces ) Tj ET Q q 0 0 0 rg BT 500.91 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 514.40 518.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 557.01 518.80 Td (share ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 61.97 508.00 Td (by ) Tj ET Q q 0 0 0 rg BT 72.95 508.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.93 508.00 Td (nominal ) Tj ET Q q 0 0 0 rg BT 117.41 508.00 Td (value ) Tj ET Q q 0 0 0 rg BT 138.89 508.00 Td (of ) Tj ET Q q 0 0 0 rg BT 148.37 508.00 Td (the ) Tj ET Q q 0 0 0 rg BT 161.35 508.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 194.31 508.00 Td (treasury ) Tj ET Q q 0 0 0 rg BT 225.29 508.00 Td (shares. ) Tj ET Q q 0 0 0 rg BT 251.87 508.00 Td (The ) Tj ET Q q 0 0 0 rg BT 267.84 508.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 296.82 508.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 314.30 508.00 Td (in ) Tj ET Q q 0 0 0 rg BT 323.29 508.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 348.76 508.00 Td (of ) Tj ET Q q 0 0 0 rg BT 358.24 508.00 Td (the ) Tj ET Q q 0 0 0 rg BT 371.22 508.00 Td (nominal ) Tj ET Q q 0 0 0 rg BT 402.70 508.00 Td (value ) Tj ET Q q 0 0 0 rg BT 424.18 508.00 Td (is ) Tj ET Q q 0 0 0 rg BT 432.16 508.00 Td (treated ) Tj ET Q q 0 0 0 rg BT 458.63 508.00 Td (as ) Tj ET Q q 0 0 0 rg BT 468.11 508.00 Td (a ) Tj ET Q q 0 0 0 rg BT 474.09 508.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 510.06 508.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.54 508.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 557.52 508.00 Td (paid-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 497.20 Td (capital.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 469.60 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 212.44 469.60 Td (Activities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.90 455.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 93.92 455.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 131.81 455.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 175.71 455.80 Td (include ) Tj ET Q q 0 0 0 rg BT 204.10 455.80 Td (interest-rate ) Tj ET Q q 0 0 0 rg BT 248.98 455.80 Td (swap ) Tj ET Q q 0 0 0 rg BT 269.38 455.80 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 314.51 455.80 Td (cross ) Tj ET Q q 0 0 0 rg BT 334.91 455.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 368.29 455.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 392.19 455.80 Td (and ) Tj ET Q q 0 0 0 rg BT 407.09 455.80 Td (forward ) Tj ET Q q 0 0 0 rg BT 437.48 455.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 473.36 455.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 507.74 455.80 Td (which ) Tj ET Q q 0 0 0 rg BT 531.64 455.80 Td (are ) Tj ET Q q 0 0 0 rg BT 544.53 455.80 Td (recorded ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 445.00 Td (at ) Tj ET Q q 0 0 0 rg BT 44.77 445.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 59.54 445.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 83.55 445.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 116.82 445.00 Td (in ) Tj ET Q q 0 0 0 rg BT 126.10 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.37 445.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.13 445.00 Td (value ) Tj ET Q q 0 0 0 rg BT 175.90 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 185.67 445.00 Td (these ) Tj ET Q q 0 0 0 rg BT 206.44 445.00 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 250.45 445.00 Td (which ) Tj ET Q q 0 0 0 rg BT 274.72 445.00 Td (have ) Tj ET Q q 0 0 0 rg BT 293.98 445.00 Td (not ) Tj ET Q q 0 0 0 rg BT 307.76 445.00 Td (been ) Tj ET Q q 0 0 0 rg BT 327.02 445.00 Td (designated ) Tj ET Q q 0 0 0 rg BT 367.78 445.00 Td (as ) Tj ET Q q 0 0 0 rg BT 377.56 445.00 Td (hedging ) Tj ET Q q 0 0 0 rg BT 408.83 445.00 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 455.35 445.00 Td (are ) Tj ET Q q 0 0 0 rg BT 468.61 445.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 502.37 445.00 Td (as ) Tj ET Q q 0 0 0 rg BT 512.14 445.00 Td (a ) Tj ET Q q 0 0 0 rg BT 518.41 445.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 536.18 445.00 Td (or ) Tj ET Q q 0 0 0 rg BT 545.95 445.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 562.23 445.00 Td (as ) Tj ET Q q 0 0 0 rg BT 572.01 445.00 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.20 Td (separate ) Tj ET Q q 0 0 0 rg BT 67.73 434.20 Td (line ) Tj ET Q q 0 0 0 rg BT 83.47 434.20 Td (item ) Tj ET Q q 0 0 0 rg BT 101.72 434.20 Td (within ) Tj ET Q q 0 0 0 rg BT 126.97 434.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.70 434.20 Td (items ) Tj ET Q q 0 0 0 rg BT 182.45 434.20 Td (in ) Tj ET Q q 0 0 0 rg BT 191.70 434.20 Td (our ) Tj ET Q q 0 0 0 rg BT 205.95 434.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 253.69 434.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 290.43 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 300.17 434.20 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 420.40 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 68.92 406.60 Td (in ) Tj ET Q q 0 0 0 rg BT 77.86 406.60 Td (the ) Tj ET Q q 0 0 0 rg BT 90.78 406.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 105.20 406.60 Td (value ) Tj ET Q q 0 0 0 rg BT 126.62 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.05 406.60 Td (any ) Tj ET Q q 0 0 0 rg BT 150.97 406.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 188.88 406.60 Td (instrument ) Tj ET Q q 0 0 0 rg BT 229.31 406.60 Td (that ) Tj ET Q q 0 0 0 rg BT 244.74 406.60 Td (we ) Tj ET Q q 0 0 0 rg BT 257.16 406.60 Td (have ) Tj ET Q q 0 0 0 rg BT 276.08 406.60 Td (formally ) Tj ET Q q 0 0 0 rg BT 309.00 406.60 Td (designated ) Tj ET Q q 0 0 0 rg BT 349.42 406.60 Td (as ) Tj ET Q q 0 0 0 rg BT 358.85 406.60 Td (a ) Tj ET Q q 0 0 0 rg BT 364.77 406.60 Td (hedge, ) Tj ET Q q 0 0 0 rg BT 390.44 406.60 Td (are ) Tj ET Q q 0 0 0 rg BT 403.36 406.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 444.76 406.60 Td (in ) Tj ET Q q 0 0 0 rg BT 453.69 406.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 501.10 406.60 Td (other ) Tj ET Q q 0 0 0 rg BT 521.52 406.60 Td (comprehensive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.80 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 87.24 395.80 Td (in ) Tj ET Q q 0 0 0 rg BT 96.50 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 109.75 395.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.49 395.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 187.22 395.80 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 213.23 395.80 Td (Any ) Tj ET Q q 0 0 0 rg BT 230.98 395.80 Td (change ) Tj ET Q q 0 0 0 rg BT 258.72 395.80 Td (in ) Tj ET Q q 0 0 0 rg BT 267.97 395.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 282.72 395.80 Td (value ) Tj ET Q q 0 0 0 rg BT 304.46 395.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 334.20 395.80 Td (to ) Tj ET Q q 0 0 0 rg BT 343.46 395.80 Td (an ) Tj ET Q q 0 0 0 rg BT 354.21 395.80 Td (inef) Tj ET Q q 0 0 0 rg BT 368.04 395.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 394.77 395.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 423.03 395.80 Td (of ) Tj ET Q q 0 0 0 rg BT 432.78 395.80 Td (a ) Tj ET Q q 0 0 0 rg BT 439.03 395.80 Td (designated ) Tj ET Q q 0 0 0 rg BT 479.77 395.80 Td (hedge ) Tj ET Q q 0 0 0 rg BT 503.51 395.80 Td (is ) Tj ET Q q 0 0 0 rg BT 511.77 395.80 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 555.75 395.80 Td (in ) Tj ET Q q 0 0 0 rg BT 565.00 395.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 83.29 385.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 119.58 385.00 Td (of ) Tj ET Q q 0 0 0 rg BT 128.87 385.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 170.28 385.00 Td (When ) Tj ET Q q 0 0 0 rg BT 193.57 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 206.37 385.00 Td (hedged ) Tj ET Q q 0 0 0 rg BT 234.15 385.00 Td (item ) Tj ET Q q 0 0 0 rg BT 251.95 385.00 Td (af) Tj ET Q q 0 0 0 rg BT 258.78 385.00 Td (fects ) Tj ET Q q 0 0 0 rg BT 277.57 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 290.36 385.00 Td (income ) Tj ET Q q 0 0 0 rg BT 318.65 385.00 Td (statement, ) Tj ET Q q 0 0 0 rg BT 357.19 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.99 385.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 387.28 385.00 Td (or ) Tj ET Q q 0 0 0 rg BT 396.58 385.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 412.38 385.00 Td (included ) Tj ET Q q 0 0 0 rg BT 445.17 385.00 Td (in ) Tj ET Q q 0 0 0 rg BT 453.97 385.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 501.25 385.00 Td (other ) Tj ET Q q 0 0 0 rg BT 521.54 385.00 Td (comprehensive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.20 Td (income ) Tj ET Q q 0 0 0 rg BT 64.74 374.20 Td (is ) Tj ET Q q 0 0 0 rg BT 72.99 374.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 105.23 374.20 Td (on ) Tj ET Q q 0 0 0 rg BT 116.48 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.72 374.20 Td (same ) Tj ET Q q 0 0 0 rg BT 150.46 374.20 Td (line ) Tj ET Q q 0 0 0 rg BT 166.21 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 175.46 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 374.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 236.44 374.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 276.68 374.20 Td (of ) Tj ET Q q 0 0 0 rg BT 286.43 374.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 326.17 374.20 Td (as ) Tj ET Q q 0 0 0 rg BT 335.92 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 349.16 374.20 Td (hedged ) Tj ET Q q 0 0 0 rg BT 377.40 374.20 Td (item.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 346.60 Td (Income taxes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.80 Td (North ) Tj ET Q q 0 0 0 rg BT 58.62 332.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.69 332.80 Td (is ) Tj ET Q q 0 0 0 rg BT 97.77 332.80 Td (a ) Tj ET Q q 0 0 0 rg BT 103.84 332.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 138.91 332.80 Td (company ) Tj ET Q q 0 0 0 rg BT 173.98 332.80 Td (that ) Tj ET Q q 0 0 0 rg BT 189.55 332.80 Td (has ) Tj ET Q q 0 0 0 rg BT 203.63 332.80 Td (a ) Tj ET Q q 0 0 0 rg BT 209.70 332.80 Td (number ) Tj ET Q q 0 0 0 rg BT 239.27 332.80 Td (of ) Tj ET Q q 0 0 0 rg BT 248.85 332.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 293.42 332.80 Td (in ) Tj ET Q q 0 0 0 rg BT 302.50 332.80 Td (various ) Tj ET Q q 0 0 0 rg BT 331.07 332.80 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 379.90 332.80 Td (Currently) Tj ET Q q 0 0 0 rg BT 413.81 332.80 Td (, ) Tj ET Q q 0 0 0 rg BT 418.14 332.80 Td (the ) Tj ET Q q 0 0 0 rg BT 431.21 332.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.29 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 483.36 332.80 Td (its ) Tj ET Q q 0 0 0 rg BT 493.94 332.80 Td (Bermudan ) Tj ET Q q 0 0 0 rg BT 533.51 332.80 Td (subsidiaries ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 322.00 Td (are ) Tj ET Q q 0 0 0 rg BT 49.34 322.00 Td (not ) Tj ET Q q 0 0 0 rg BT 63.20 322.00 Td (required ) Tj ET Q q 0 0 0 rg BT 95.54 322.00 Td (to ) Tj ET Q q 0 0 0 rg BT 104.90 322.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 120.26 322.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 141.11 322.00 Td (in ) Tj ET Q q 0 0 0 rg BT 150.46 322.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 185.81 322.00 Td (on ) Tj ET Q q 0 0 0 rg BT 197.17 322.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 230.02 322.00 Td (income ) Tj ET Q q 0 0 0 rg BT 258.86 322.00 Td (or ) Tj ET Q q 0 0 0 rg BT 268.72 322.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 295.06 322.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 316.42 322.00 Td (as ) Tj ET Q q 0 0 0 rg BT 326.27 322.00 Td (they ) Tj ET Q q 0 0 0 rg BT 344.13 322.00 Td (qualify ) Tj ET Q q 0 0 0 rg BT 371.98 322.00 Td (as ) Tj ET Q q 0 0 0 rg BT 381.83 322.00 Td (exempt ) Tj ET Q q 0 0 0 rg BT 410.68 322.00 Td (companies. ) Tj ET Q q 0 0 0 rg BT 453.60 322.00 Td (The ) Tj ET Q q 0 0 0 rg BT 469.96 322.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 507.31 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 522.66 322.00 Td (its ) Tj ET Q q 0 0 0 rg BT 533.52 322.00 Td (subsidiaries ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.20 Td (and ) Tj ET Q q 0 0 0 rg BT 50.77 311.20 Td (have ) Tj ET Q q 0 0 0 rg BT 69.54 311.20 Td (received ) Tj ET Q q 0 0 0 rg BT 101.80 311.20 Td (written ) Tj ET Q q 0 0 0 rg BT 129.07 311.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 165.83 311.20 Td (from ) Tj ET Q q 0 0 0 rg BT 185.10 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 197.87 311.20 Td (Minister ) Tj ET Q q 0 0 0 rg BT 230.15 311.20 Td (of ) Tj ET Q q 0 0 0 rg BT 239.43 311.20 Td (Finance ) Tj ET Q q 0 0 0 rg BT 269.70 311.20 Td (in ) Tj ET Q q 0 0 0 rg BT 278.48 311.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 313.24 311.20 Td (that ) Tj ET Q q 0 0 0 rg BT 328.52 311.20 Td (it ) Tj ET Q q 0 0 0 rg BT 335.30 311.20 Td (will ) Tj ET Q q 0 0 0 rg BT 351.08 311.20 Td (be ) Tj ET Q q 0 0 0 rg BT 361.35 311.20 Td (exempt ) Tj ET Q q 0 0 0 rg BT 389.62 311.20 Td (from ) Tj ET Q q 0 0 0 rg BT 408.89 311.20 Td (taxation ) Tj ET Q q 0 0 0 rg BT 439.66 311.20 Td (until ) Tj ET Q q 0 0 0 rg BT 457.94 311.20 Td (March ) Tj ET Q q 0 0 0 rg BT 483.21 311.20 Td (2035. ) Tj ET Q q 0 0 0 rg BT 505.24 311.20 Td (Certain ) Tj ET Q q 0 0 0 rg BT 533.51 311.20 Td (subsidiaries ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 65.25 300.40 Td (in ) Tj ET Q q 0 0 0 rg BT 75.03 300.40 Td (other ) Tj ET Q q 0 0 0 rg BT 96.29 300.40 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 143.56 300.40 Td (where ) Tj ET Q q 0 0 0 rg BT 168.32 300.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 189.58 300.40 Td (are ) Tj ET Q q 0 0 0 rg BT 203.34 300.40 Td (imposed. ) Tj ET Q q 0 0 0 rg BT 238.86 300.40 Td (Consequently ) Tj ET Q q 0 0 0 rg BT 291.13 300.40 Td (income ) Tj ET Q q 0 0 0 rg BT 320.39 300.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 341.66 300.40 Td (have ) Tj ET Q q 0 0 0 rg BT 361.42 300.40 Td (been ) Tj ET Q q 0 0 0 rg BT 381.18 300.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 415.43 300.40 Td (in ) Tj ET Q q 0 0 0 rg BT 425.20 300.40 Td (these ) Tj ET Q q 0 0 0 rg BT 446.46 300.40 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 493.74 300.40 Td (when ) Tj ET Q q 0 0 0 rg BT 516.00 300.40 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 562.00 300.40 Td (Our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 289.60 Td (income ) Tj ET Q q 0 0 0 rg BT 64.68 289.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 77.87 289.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 109.05 289.60 Td (is ) Tj ET Q q 0 0 0 rg BT 117.24 289.60 Td (based ) Tj ET Q q 0 0 0 rg BT 139.93 289.60 Td (on ) Tj ET Q q 0 0 0 rg BT 151.12 289.60 Td (our ) Tj ET Q q 0 0 0 rg BT 165.31 289.60 Td (income ) Tj ET Q q 0 0 0 rg BT 193.99 289.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.18 289.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 242.86 289.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.05 289.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 275.23 289.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.42 289.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.61 289.60 Td (various ) Tj ET Q q 0 0 0 rg BT 326.30 289.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 372.99 289.60 Td (in ) Tj ET Q q 0 0 0 rg BT 382.18 289.60 Td (which ) Tj ET Q q 0 0 0 rg BT 406.37 289.60 Td (we ) Tj ET Q q 0 0 0 rg BT 419.05 289.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 449.82 289.60 Td (W) Tj ET Q q 0 0 0 rg BT 457.59 289.60 Td (e ) Tj ET Q q 0 0 0 rg BT 463.78 289.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 493.46 289.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.15 289.60 Td (income ) Tj ET Q q 0 0 0 rg BT 534.83 289.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 555.51 289.60 Td (based ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 278.80 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 60.50 278.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 73.74 278.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 92.49 278.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.73 278.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 126.97 278.80 Td (in ) Tj ET Q q 0 0 0 rg BT 136.22 278.80 Td (ef) Tj ET Q q 0 0 0 rg BT 143.05 278.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 158.79 278.80 Td (in ) Tj ET Q q 0 0 0 rg BT 168.04 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 181.28 278.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 216.52 278.80 Td (in ) Tj ET Q q 0 0 0 rg BT 225.77 278.80 Td (which ) Tj ET Q q 0 0 0 rg BT 250.02 278.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 289.76 278.80 Td (are ) Tj ET Q q 0 0 0 rg BT 302.99 278.80 Td (conducted ) Tj ET Q q 0 0 0 rg BT 342.23 278.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.47 278.80 Td (income ) Tj ET Q q 0 0 0 rg BT 386.21 278.80 Td (is ) Tj ET Q q 0 0 0 rg BT 394.47 278.80 Td (earned. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 251.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.76 251.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 105.51 251.20 Td (and ) Tj ET Q q 0 0 0 rg BT 121.28 251.20 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 161.53 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.80 251.20 Td (our ) Tj ET Q q 0 0 0 rg BT 186.56 251.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.32 251.20 Td (group ) Tj ET Q q 0 0 0 rg BT 237.08 251.20 Td (income ) Tj ET Q q 0 0 0 rg BT 266.34 251.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 280.11 251.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 316.88 251.20 Td (involves ) Tj ET Q q 0 0 0 rg BT 350.14 251.20 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 401.39 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.66 251.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 425.42 251.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 444.69 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 454.46 251.20 Td (various ) Tj ET Q q 0 0 0 rg BT 483.72 251.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 530.99 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 540.76 251.20 Td (which ) Tj ET Q q 0 0 0 rg BT 565.52 251.20 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 240.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 64.02 240.40 Td (and ) Tj ET Q q 0 0 0 rg BT 78.54 240.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 109.06 240.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 148.59 240.40 Td (judgment ) Tj ET Q q 0 0 0 rg BT 184.12 240.40 Td (and ) Tj ET Q q 0 0 0 rg BT 198.65 240.40 Td (use ) Tj ET Q q 0 0 0 rg BT 212.18 240.40 Td (of ) Tj ET Q q 0 0 0 rg BT 221.21 240.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 256.23 240.40 Td (and ) Tj ET Q q 0 0 0 rg BT 270.76 240.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 316.80 240.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 352.81 240.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 392.34 240.40 Td (future ) Tj ET Q q 0 0 0 rg BT 415.36 240.40 Td (events, ) Tj ET Q q 0 0 0 rg BT 442.14 240.40 Td (such ) Tj ET Q q 0 0 0 rg BT 460.17 240.40 Td (as ) Tj ET Q q 0 0 0 rg BT 469.20 240.40 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 503.48 240.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 528.52 240.40 Td (and ) Tj ET Q q 0 0 0 rg BT 543.05 240.40 Td (character ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.23 229.60 Td (income, ) Tj ET Q q 0 0 0 rg BT 75.70 229.60 Td (deductions ) Tj ET Q q 0 0 0 rg BT 116.42 229.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.15 229.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.88 229.60 Td (credits. ) Tj ET Q q 0 0 0 rg BT 171.72 229.60 Td (There ) Tj ET Q q 0 0 0 rg BT 194.44 229.60 Td (are ) Tj ET Q q 0 0 0 rg BT 207.16 229.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 233.37 229.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 278.09 229.60 Td (for ) Tj ET Q q 0 0 0 rg BT 290.31 229.60 Td (which ) Tj ET Q q 0 0 0 rg BT 314.04 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.77 229.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 357.99 229.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 370.72 229.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 422.43 229.60 Td (is ) Tj ET Q q 0 0 0 rg BT 430.17 229.60 Td (unclear ) Tj ET Q q 0 0 0 rg BT 458.38 229.60 Td (due ) Tj ET Q q 0 0 0 rg BT 473.10 229.60 Td (to ) Tj ET Q q 0 0 0 rg BT 481.84 229.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 524.05 229.60 Td (in ) Tj ET Q q 0 0 0 rg BT 532.78 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.51 229.60 Td (ordinary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 218.80 Td (course ) Tj ET Q q 0 0 0 rg BT 61.69 218.80 Td (of ) Tj ET Q q 0 0 0 rg BT 71.38 218.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 106.17 218.80 Td (W) Tj ET Q q 0 0 0 rg BT 113.95 218.80 Td (e ) Tj ET Q q 0 0 0 rg BT 120.14 218.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 157.31 218.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.50 218.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.20 218.80 Td (based ) Tj ET Q q 0 0 0 rg BT 228.88 218.80 Td (on ) Tj ET Q q 0 0 0 rg BT 240.08 218.80 Td (our ) Tj ET Q q 0 0 0 rg BT 254.28 218.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 296.47 218.80 Td (of ) Tj ET Q q 0 0 0 rg BT 306.16 218.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 337.35 218.80 Td (our ) Tj ET Q q 0 0 0 rg BT 351.54 218.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.73 218.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 399.44 218.80 Td (are ) Tj ET Q q 0 0 0 rg BT 412.62 218.80 Td (more ) Tj ET Q q 0 0 0 rg BT 433.31 218.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 456.00 218.80 Td (than ) Tj ET Q q 0 0 0 rg BT 473.69 218.80 Td (not ) Tj ET Q q 0 0 0 rg BT 487.39 218.80 Td (sustainable, ) Tj ET Q q 0 0 0 rg BT 531.83 218.80 Td (based ) Tj ET Q q 0 0 0 rg BT 554.52 218.80 Td (solely ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.00 Td (on ) Tj ET Q q 0 0 0 rg BT 47.10 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 60.19 208.00 Td (technical ) Tj ET Q q 0 0 0 rg BT 94.76 208.00 Td (merits ) Tj ET Q q 0 0 0 rg BT 119.35 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 134.44 208.00 Td (considerations ) Tj ET Q q 0 0 0 rg BT 188.52 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 198.12 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 211.21 208.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 242.28 208.00 Td (taxing ) Tj ET Q q 0 0 0 rg BT 266.87 208.00 Td (authority's ) Tj ET Q q 0 0 0 rg BT 306.59 208.00 Td (widely ) Tj ET Q q 0 0 0 rg BT 333.18 208.00 Td (understood ) Tj ET Q q 0 0 0 rg BT 375.27 208.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 428.85 208.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 462.92 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 478.01 208.00 Td (precedence. ) Tj ET Q q 0 0 0 rg BT 522.82 208.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 555.91 208.00 Td (in ) Tj ET Q q 0 0 0 rg BT 565.01 208.00 Td (tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 197.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 56.63 197.20 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 100.75 197.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 145.85 197.20 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 175.97 197.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 203.83 197.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 237.19 197.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 273.05 197.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 314.92 197.20 Td (or ) Tj ET Q q 0 0 0 rg BT 324.29 197.20 Td (our ) Tj ET Q q 0 0 0 rg BT 338.17 197.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 361.04 197.20 Td (of ) Tj ET Q q 0 0 0 rg BT 370.42 197.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 409.79 197.20 Td (or ) Tj ET Q q 0 0 0 rg BT 419.16 197.20 Td (profitability ) Tj ET Q q 0 0 0 rg BT 464.03 197.20 Td (in ) Tj ET Q q 0 0 0 rg BT 472.91 197.20 Td (each ) Tj ET Q q 0 0 0 rg BT 491.28 197.20 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 534.15 197.20 Td (may ) Tj ET Q q 0 0 0 rg BT 551.52 197.20 Td (impact ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 186.40 Td (our ) Tj ET Q q 0 0 0 rg BT 50.17 186.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.34 186.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 93.51 186.40 Td (in ) Tj ET Q q 0 0 0 rg BT 102.68 186.40 Td (any ) Tj ET Q q 0 0 0 rg BT 117.84 186.40 Td (given ) Tj ET Q q 0 0 0 rg BT 140.01 186.40 Td (year) Tj ET Q q 0 0 0 rg BT 155.00 186.40 Td (. ) Tj ET Q q 0 0 0 rg BT 159.27 186.40 Td (While ) Tj ET Q q 0 0 0 rg BT 183.43 186.40 Td (our ) Tj ET Q q 0 0 0 rg BT 197.60 186.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 223.76 186.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.93 186.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 273.10 186.40 Td (is ) Tj ET Q q 0 0 0 rg BT 281.27 186.40 Td (based ) Tj ET Q q 0 0 0 rg BT 303.94 186.40 Td (on ) Tj ET Q q 0 0 0 rg BT 315.11 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 328.28 186.40 Td (information ) Tj ET Q q 0 0 0 rg BT 372.94 186.40 Td (available ) Tj ET Q q 0 0 0 rg BT 407.59 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 416.76 186.40 Td (us ) Tj ET Q q 0 0 0 rg BT 426.94 186.40 Td (at ) Tj ET Q q 0 0 0 rg BT 435.60 186.40 Td (the ) Tj ET Q q 0 0 0 rg BT 448.77 186.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 469.19 186.40 Td (a ) Tj ET Q q 0 0 0 rg BT 475.35 186.40 Td (number ) Tj ET Q q 0 0 0 rg BT 505.02 186.40 Td (of ) Tj ET Q q 0 0 0 rg BT 514.69 186.40 Td (years ) Tj ET Q q 0 0 0 rg BT 535.85 186.40 Td (may ) Tj ET Q q 0 0 0 rg BT 553.52 186.40 Td (elapse ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.60 Td (before ) Tj ET Q q 0 0 0 rg BT 61.14 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.29 175.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 105.94 175.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.09 175.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 154.74 175.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.90 175.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 190.54 175.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.69 175.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 250.35 175.60 Td (are ) Tj ET Q q 0 0 0 rg BT 263.49 175.60 Td (determined. ) Tj ET Q q 0 0 0 rg BT 308.38 175.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 338.03 175.60 Td (income ) Tj ET Q q 0 0 0 rg BT 366.68 175.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 379.83 175.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 410.97 175.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 439.61 175.60 Td (an ) Tj ET Q q 0 0 0 rg BT 450.26 175.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 482.41 175.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.06 175.60 Td (our ) Tj ET Q q 0 0 0 rg BT 506.21 175.60 Td (income ) Tj ET Q q 0 0 0 rg BT 534.86 175.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 548.01 175.60 Td (liability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.80 Td (for ) Tj ET Q q 0 0 0 rg BT 48.74 164.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.99 164.80 Td (current ) Tj ET Q q 0 0 0 rg BT 89.72 164.80 Td (year) Tj ET Q q 0 0 0 rg BT 104.85 164.80 Td (, ) Tj ET Q q 0 0 0 rg BT 109.35 164.80 Td (withholding ) Tj ET Q q 0 0 0 rg BT 155.10 164.80 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 178.09 164.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 209.33 164.80 Td (in ) Tj ET Q q 0 0 0 rg BT 218.58 164.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 238.32 164.80 Td (year ) Tj ET Q q 0 0 0 rg BT 256.06 164.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.31 164.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 305.05 164.80 Td (as ) Tj ET Q q 0 0 0 rg BT 314.79 164.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.04 164.80 Td (returns ) Tj ET Q q 0 0 0 rg BT 355.28 164.80 Td (are ) Tj ET Q q 0 0 0 rg BT 368.52 164.80 Td (filed, ) Tj ET Q q 0 0 0 rg BT 389.51 164.80 Td (or ) Tj ET Q q 0 0 0 rg BT 399.26 164.80 Td (from ) Tj ET Q q 0 0 0 rg BT 419.00 164.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.25 164.80 Td (audit ) Tj ET Q q 0 0 0 rg BT 452.49 164.80 Td (adjustments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 65.24 137.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 78.48 137.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 109.72 137.20 Td (consists ) Tj ET Q q 0 0 0 rg BT 140.47 137.20 Td (of ) Tj ET Q q 0 0 0 rg BT 150.22 137.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 170.96 137.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 205.69 137.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 235.93 137.20 Td (and ) Tj ET Q q 0 0 0 rg BT 251.17 137.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 282.41 137.20 Td (in ) Tj ET Q q 0 0 0 rg BT 291.66 137.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 323.89 137.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 337.13 137.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 360.38 137.20 Td (and ) Tj ET Q q 0 0 0 rg BT 375.62 137.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 411.37 137.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 450.09 137.20 Td (according ) Tj ET Q q 0 0 0 rg BT 487.82 137.20 Td (to ) Tj ET Q q 0 0 0 rg BT 497.07 137.20 Td (local ) Tj ET Q q 0 0 0 rg BT 516.81 137.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.06 137.20 Td (rules. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 109.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 69.49 109.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 82.01 109.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 104.52 109.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.04 109.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 154.05 109.60 Td (are ) Tj ET Q q 0 0 0 rg BT 166.55 109.60 Td (based ) Tj ET Q q 0 0 0 rg BT 188.56 109.60 Td (on ) Tj ET Q q 0 0 0 rg BT 199.08 109.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 237.59 109.60 Td (dif) Tj ET Q q 0 0 0 rg BT 247.42 109.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 278.91 109.60 Td (that ) Tj ET Q q 0 0 0 rg BT 293.93 109.60 Td (arise ) Tj ET Q q 0 0 0 rg BT 312.44 109.60 Td (between ) Tj ET Q q 0 0 0 rg BT 343.94 109.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 375.44 109.60 Td (values ) Tj ET Q q 0 0 0 rg BT 399.95 109.60 Td (used ) Tj ET Q q 0 0 0 rg BT 417.97 109.60 Td (for ) Tj ET Q q 0 0 0 rg BT 429.98 109.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.98 109.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 497.49 109.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 531.00 109.60 Td (and ) Tj ET Q q 0 0 0 rg BT 545.52 109.60 Td (amounts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 98.80 Td (used ) Tj ET Q q 0 0 0 rg BT 54.75 98.80 Td (for ) Tj ET Q q 0 0 0 rg BT 67.49 98.80 Td (taxation ) Tj ET Q q 0 0 0 rg BT 98.73 98.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 132.98 98.80 Td (of ) Tj ET Q q 0 0 0 rg BT 142.73 98.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 165.97 98.80 Td (and ) Tj ET Q q 0 0 0 rg BT 181.22 98.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 216.96 98.80 Td (and ) Tj ET Q q 0 0 0 rg BT 232.21 98.80 Td (the ) Tj ET Q q 0 0 0 rg BT 245.45 98.80 Td (future ) Tj ET Q q 0 0 0 rg BT 269.19 98.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 282.44 98.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 313.18 98.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.92 98.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 336.17 98.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 352.42 98.80 Td (carry ) Tj ET Q q 0 0 0 rg BT 373.16 98.80 Td (forwards. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 71.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.21 71.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 84.40 71.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.61 71.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 128.81 71.20 Td (or ) Tj ET Q q 0 0 0 rg BT 138.52 71.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 165.73 71.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 204.42 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 217.63 71.20 Td (change ) Tj ET Q q 0 0 0 rg BT 245.33 71.20 Td (in ) Tj ET Q q 0 0 0 rg BT 254.55 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 267.76 71.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 297.45 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 307.16 71.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 339.35 71.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 352.56 71.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 375.78 71.20 Td (or ) Tj ET Q q 0 0 0 rg BT 385.49 71.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 421.20 71.20 Td (as ) Tj ET Q q 0 0 0 rg BT 430.91 71.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 464.60 71.20 Td (on ) Tj ET Q q 0 0 0 rg BT 475.81 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 489.02 71.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 518.72 71.20 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 541.51 71.20 Td (V) Tj ET Q q 0 0 0 rg BT 547.02 71.20 Td (aluation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 60.40 Td (allowances ) Tj ET Q q 0 0 0 rg BT 78.56 60.40 Td (are ) Tj ET Q q 0 0 0 rg BT 92.13 60.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 135.19 60.40 Td (to ) Tj ET Q q 0 0 0 rg BT 144.77 60.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 171.33 60.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 203.89 60.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.47 60.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.04 60.40 Td (when ) Tj ET Q q 0 0 0 rg BT 263.12 60.40 Td (it ) Tj ET Q q 0 0 0 rg BT 270.70 60.40 Td (is ) Tj ET Q q 0 0 0 rg BT 279.28 60.40 Td (more ) Tj ET Q q 0 0 0 rg BT 300.36 60.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 323.43 60.40 Td (than ) Tj ET Q q 0 0 0 rg BT 341.51 60.40 Td (not ) Tj ET Q q 0 0 0 rg BT 355.59 60.40 Td (that ) Tj ET Q q 0 0 0 rg BT 371.67 60.40 Td (some ) Tj ET Q q 0 0 0 rg BT 393.24 60.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 421.82 60.40 Td (or ) Tj ET Q q 0 0 0 rg BT 431.90 60.40 Td (all ) Tj ET Q q 0 0 0 rg BT 443.48 60.40 Td (of ) Tj ET Q q 0 0 0 rg BT 453.55 60.40 Td (the ) Tj ET Q q 0 0 0 rg BT 467.13 60.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 499.69 60.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 513.26 60.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 536.84 60.40 Td (will ) Tj ET Q q 0 0 0 rg BT 553.42 60.40 Td (not ) Tj ET Q q 0 0 0 rg BT 567.50 60.40 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 49.60 Td (realized. ) Tj ET Q q 0 0 0 rg BT 69.31 49.60 Td (T) Tj ET Q q 0 0 0 rg BT 74.18 49.60 Td (o ) Tj ET Q q 0 0 0 rg BT 81.46 49.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 120.22 49.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.00 49.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.78 49.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.06 49.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 206.81 49.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.59 49.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.37 49.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.14 49.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 298.67 49.60 Td (as ) Tj ET Q q 0 0 0 rg BT 308.95 49.60 Td (well ) Tj ET Q q 0 0 0 rg BT 327.23 49.60 Td (as ) Tj ET Q q 0 0 0 rg BT 337.51 49.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.78 49.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.36 49.60 Td (V) Tj ET Q q 0 0 0 rg BT 366.86 49.60 Td (aluation ) Tj ET Q q 0 0 0 rg BT 398.63 49.60 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 443.65 49.60 Td (we ) Tj ET Q q 0 0 0 rg BT 456.92 49.60 Td (must ) Tj ET Q q 0 0 0 rg BT 477.21 49.60 Td (make ) Tj ET Q q 0 0 0 rg BT 499.48 49.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 535.75 49.60 Td (and ) Tj ET Q q 0 0 0 rg BT 551.53 49.60 Td (certain ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 38.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 83.08 38.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 120.14 38.80 Td (future ) Tj ET Q q 0 0 0 rg BT 144.21 38.80 Td (taxable ) Tj ET Q q 0 0 0 rg BT 172.78 38.80 Td (income, ) Tj ET Q q 0 0 0 rg BT 204.09 38.80 Td (including ) Tj ET Q q 0 0 0 rg BT 240.67 38.80 Td (where ) Tj ET Q q 0 0 0 rg BT 265.23 38.80 Td (our ) Tj ET Q q 0 0 0 rg BT 279.81 38.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.89 38.80 Td (units ) Tj ET Q q 0 0 0 rg BT 328.97 38.80 Td (are ) Tj ET Q q 0 0 0 rg BT 342.53 38.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 377.09 38.80 Td (to ) Tj ET Q q 0 0 0 rg BT 386.67 38.80 Td (be ) Tj ET Q q 0 0 0 rg BT 397.74 38.80 Td (deployed, ) Tj ET Q q 0 0 0 rg BT 435.56 38.80 Td (as ) Tj ET Q q 0 0 0 rg BT 445.64 38.80 Td (well ) Tj ET Q q 0 0 0 rg BT 463.71 38.80 Td (as ) Tj ET Q q 0 0 0 rg BT 473.79 38.80 Td (other ) Tj ET Q q 0 0 0 rg BT 494.86 38.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 541.94 38.80 Td (related ) Tj ET Q q 0 0 0 rg BT 569.00 38.80 Td (to ) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (our ) Tj ET Q q 0 0 0 rg BT 50.72 749.80 Td (future ) Tj ET Q q 0 0 0 rg BT 74.92 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 88.64 749.80 Td (position. ) Tj ET Q q 0 0 0 rg BT 122.01 749.80 Td (A) Tj ET Q q 0 0 0 rg BT 128.02 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 130.73 749.80 Td (change ) Tj ET Q q 0 0 0 rg BT 158.94 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 168.66 749.80 Td (such ) Tj ET Q q 0 0 0 rg BT 187.87 749.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 224.08 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 239.80 749.80 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 289.27 749.80 Td (along ) Tj ET Q q 0 0 0 rg BT 311.98 749.80 Td (with ) Tj ET Q q 0 0 0 rg BT 330.70 749.80 Td (any ) Tj ET Q q 0 0 0 rg BT 346.42 749.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 378.12 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 387.84 749.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.56 749.80 Td (laws, ) Tj ET Q q 0 0 0 rg BT 423.02 749.80 Td (could ) Tj ET Q q 0 0 0 rg BT 445.74 749.80 Td (require ) Tj ET Q q 0 0 0 rg BT 473.94 749.80 Td (us ) Tj ET Q q 0 0 0 rg BT 484.66 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 494.38 749.80 Td (adjust ) Tj ET Q q 0 0 0 rg BT 518.60 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 532.31 749.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 565.01 749.80 Td (tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 61.16 739.00 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 98.82 739.00 Td (or ) Tj ET Q q 0 0 0 rg BT 108.23 739.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 143.63 739.00 Td (allowances. ) Tj ET Q q 0 0 0 rg BT 187.64 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 203.54 739.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 232.45 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 241.86 739.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 273.75 739.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 286.65 739.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 320.56 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 328.47 739.00 Td (based ) Tj ET Q q 0 0 0 rg BT 350.88 739.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 370.79 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.70 739.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 417.59 739.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 446.49 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 455.90 739.00 Td (settlement ) Tj ET Q q 0 0 0 rg BT 494.80 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 504.21 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 517.12 739.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 549.02 739.00 Td (amount ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 46.09 728.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 69.68 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 85.26 728.20 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 123.60 728.20 Td (using ) Tj ET Q q 0 0 0 rg BT 145.70 728.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.28 728.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 178.86 728.20 Td (enacted ) Tj ET Q q 0 0 0 rg BT 208.93 728.20 Td (at ) Tj ET Q q 0 0 0 rg BT 218.02 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 231.61 728.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 261.68 728.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 282.76 728.20 Td (date. ) Tj ET Q q 0 0 0 rg BT 302.41 728.20 Td (The ) Tj ET Q q 0 0 0 rg BT 318.99 728.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 346.07 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 356.16 728.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 369.75 728.20 Td (law ) Tj ET Q q 0 0 0 rg BT 385.34 728.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 416.91 728.20 Td (is ) Tj ET Q q 0 0 0 rg BT 425.51 728.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.58 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 477.17 728.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 506.26 728.20 Td (when ) Tj ET Q q 0 0 0 rg BT 528.34 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.93 728.20 Td (change ) Tj ET Q q 0 0 0 rg BT 570.00 728.20 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (enacted.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (Deferred charges ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 676.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 56.36 676.00 Td (related ) Tj ET Q q 0 0 0 rg BT 82.70 676.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 104.81 676.00 Td (including ) Tj ET Q q 0 0 0 rg BT 140.67 676.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 158.03 676.00 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 192.63 676.00 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 239.47 676.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 255.82 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 270.68 676.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 290.03 676.00 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 326.64 676.00 Td (are ) Tj ET Q q 0 0 0 rg BT 339.49 676.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 380.32 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 395.18 676.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 431.53 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 440.39 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.25 676.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 482.59 676.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 502.95 676.00 Td (as ) Tj ET Q q 0 0 0 rg BT 512.31 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 518.17 676.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 540.52 676.00 Td (deduction ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 665.20 Td (from ) Tj ET Q q 0 0 0 rg BT 55.27 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.03 665.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 99.79 665.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 128.55 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 137.82 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 150.59 665.20 Td (related ) Tj ET Q q 0 0 0 rg BT 176.84 665.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 194.11 665.20 Td (liability) Tj ET Q q 0 0 0 rg BT 221.52 665.20 Td (, ) Tj ET Q q 0 0 0 rg BT 225.54 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 240.31 665.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 278.06 665.20 Td (over ) Tj ET Q q 0 0 0 rg BT 295.82 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 308.59 665.20 Td (term ) Tj ET Q q 0 0 0 rg BT 326.85 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 336.12 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 348.89 665.20 Td (related ) Tj ET Q q 0 0 0 rg BT 375.14 665.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 392.41 665.20 Td (and ) Tj ET Q q 0 0 0 rg BT 407.17 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 419.94 665.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 467.19 665.20 Td (is ) Tj ET Q q 0 0 0 rg BT 474.97 665.20 Td (included ) Tj ET Q q 0 0 0 rg BT 507.73 665.20 Td (in ) Tj ET Q q 0 0 0 rg BT 516.50 665.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 544.76 665.20 Td (expense.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 637.60 Td (Share-based compensation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.80 Td (North ) Tj ET Q q 0 0 0 rg BT 58.69 623.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.86 623.80 Td (has ) Tj ET Q q 0 0 0 rg BT 104.04 623.80 Td ( ) Tj ET Q q 0 0 0 rg BT 106.22 623.80 Td (established ) Tj ET Q q 0 0 0 rg BT 148.39 623.80 Td (a ) Tj ET Q q 0 0 0 rg BT 154.56 623.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 193.23 623.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 215.91 623.80 Td (Units ) Tj ET Q q 0 0 0 rg BT 237.59 623.80 Td (\(RSU\) ) Tj ET Q q 0 0 0 rg BT 271.26 623.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 288.93 623.80 Td (where ) Tj ET Q q 0 0 0 rg BT 313.10 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 326.27 623.80 Td (holder ) Tj ET Q q 0 0 0 rg BT 351.44 623.80 Td (of ) Tj ET Q q 0 0 0 rg BT 361.12 623.80 Td (an ) Tj ET Q q 0 0 0 rg BT 371.79 623.80 Td (award ) Tj ET Q q 0 0 0 rg BT 395.96 623.80 Td (is ) Tj ET Q q 0 0 0 rg BT 404.14 623.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 433.31 623.80 Td (to ) Tj ET Q q 0 0 0 rg BT 442.49 623.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 470.64 623.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 495.31 623.80 Td (if ) Tj ET Q q 0 0 0 rg BT 502.99 623.80 Td (still ) Tj ET Q q 0 0 0 rg BT 518.67 623.80 Td (employed ) Tj ET Q q 0 0 0 rg BT 556.34 623.80 Td (at ) Tj ET Q q 0 0 0 rg BT 565.01 623.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (end ) Tj ET Q q 0 0 0 rg BT 51.24 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 613.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.24 613.00 Td (three) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.22 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 94.47 613.00 Td (year ) Tj ET Q q 0 0 0 rg BT 112.21 613.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 140.46 613.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 167.95 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 170.04 613.00 Td (There ) Tj ET Q q 0 0 0 rg BT 193.27 613.00 Td (is ) Tj ET Q q 0 0 0 rg BT 201.52 613.00 Td (no ) Tj ET Q q 0 0 0 rg BT 212.77 613.00 Td (requirement ) Tj ET Q q 0 0 0 rg BT 258.50 613.00 Td (for ) Tj ET Q q 0 0 0 rg BT 271.25 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.49 613.00 Td (holder ) Tj ET Q q 0 0 0 rg BT 309.74 613.00 Td (to ) Tj ET Q q 0 0 0 rg BT 318.99 613.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 334.23 613.00 Td (for ) Tj ET Q q 0 0 0 rg BT 346.97 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.22 613.00 Td (share ) Tj ET Q q 0 0 0 rg BT 381.46 613.00 Td (on ) Tj ET Q q 0 0 0 rg BT 392.71 613.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 413.45 613.00 Td (or ) Tj ET Q q 0 0 0 rg BT 423.20 613.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 451.45 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 453.70 613.00 Td (of ) Tj ET Q q 0 0 0 rg BT 463.44 613.00 Td (the ) Tj ET Q q 0 0 0 rg BT 476.69 613.00 Td (award.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 585.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.48 585.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 67.46 585.40 Td (value ) Tj ET Q q 0 0 0 rg BT 89.44 585.40 Td (of ) Tj ET Q q 0 0 0 rg BT 99.42 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 112.90 585.40 Td (RSU ) Tj ET Q q 0 0 0 rg BT 132.90 585.40 Td (award ) Tj ET Q q 0 0 0 rg BT 157.38 585.40 Td (is ) Tj ET Q q 0 0 0 rg BT 165.87 585.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 204.83 585.40 Td (as ) Tj ET Q q 0 0 0 rg BT 214.81 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 228.30 585.40 Td (market ) Tj ET Q q 0 0 0 rg BT 255.77 585.40 Td (share ) Tj ET Q q 0 0 0 rg BT 277.25 585.40 Td (price ) Tj ET Q q 0 0 0 rg BT 297.73 585.40 Td (on ) Tj ET Q q 0 0 0 rg BT 309.21 585.40 Td (grant ) Tj ET Q q 0 0 0 rg BT 330.19 585.40 Td (date. ) Tj ET Q q 0 0 0 rg BT 349.92 585.40 Td ( ) Tj ET Q q 0 0 0 rg BT 352.23 585.40 Td (The ) Tj ET Q q 0 0 0 rg BT 368.71 585.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 383.69 585.40 Td (value ) Tj ET Q q 0 0 0 rg BT 405.67 585.40 Td (of ) Tj ET Q q 0 0 0 rg BT 415.65 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.14 585.40 Td (awards ) Tj ET Q q 0 0 0 rg BT 457.11 585.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 491.58 585.40 Td (to ) Tj ET Q q 0 0 0 rg BT 501.07 585.40 Td (vest ) Tj ET Q q 0 0 0 rg BT 518.05 585.40 Td (is ) Tj ET Q q 0 0 0 rg BT 526.55 585.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 568.51 585.40 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 574.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 88.24 574.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 104.99 574.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 150.72 574.60 Td (over ) Tj ET Q q 0 0 0 rg BT 168.97 574.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.21 574.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 210.46 574.60 Td (period.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 547.00 Td (Provisions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 533.20 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 533.20 Td ( ) Tj ET Q q 0 0 0 rg BT 44.76 533.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 81.51 533.20 Td (is ) Tj ET Q q 0 0 0 rg BT 90.27 533.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 132.50 533.20 Td (in ) Tj ET Q q 0 0 0 rg BT 142.26 533.20 Td (the ) Tj ET Q q 0 0 0 rg BT 156.01 533.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 186.24 533.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 207.49 533.20 Td (when ) Tj ET Q q 0 0 0 rg BT 229.74 533.20 Td (the ) Tj ET Q q 0 0 0 rg BT 243.49 533.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 281.25 533.20 Td (has ) Tj ET Q q 0 0 0 rg BT 296.00 533.20 Td (a ) Tj ET Q q 0 0 0 rg BT 302.75 533.20 Td (present ) Tj ET Q q 0 0 0 rg BT 331.49 533.20 Td (legal ) Tj ET Q q 0 0 0 rg BT 351.74 533.20 Td (or ) Tj ET Q q 0 0 0 rg BT 361.99 533.20 Td (constructive ) Tj ET Q q 0 0 0 rg BT 408.73 533.20 Td (obligation ) Tj ET Q q 0 0 0 rg BT 447.98 533.20 Td (as ) Tj ET Q q 0 0 0 rg BT 458.24 533.20 Td (a ) Tj ET Q q 0 0 0 rg BT 464.99 533.20 Td (result ) Tj ET Q q 0 0 0 rg BT 487.74 533.20 Td (of ) Tj ET Q q 0 0 0 rg BT 497.99 533.20 Td (a ) Tj ET Q q 0 0 0 rg BT 504.74 533.20 Td (past ) Tj ET Q q 0 0 0 rg BT 521.99 533.20 Td (event, ) Tj ET Q q 0 0 0 rg BT 546.49 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 562.24 533.20 Td (it ) Tj ET Q q 0 0 0 rg BT 569.99 533.20 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 522.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 69.88 522.40 Td (that ) Tj ET Q q 0 0 0 rg BT 85.76 522.40 Td (an ) Tj ET Q q 0 0 0 rg BT 96.65 522.40 Td (outflow ) Tj ET Q q 0 0 0 rg BT 127.03 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 136.92 522.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 174.29 522.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 205.17 522.40 Td (will ) Tj ET Q q 0 0 0 rg BT 221.56 522.40 Td (be ) Tj ET Q q 0 0 0 rg BT 232.45 522.40 Td (required ) Tj ET Q q 0 0 0 rg BT 264.82 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 274.21 522.40 Td (settle ) Tj ET Q q 0 0 0 rg BT 295.60 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 308.98 522.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 347.87 522.40 Td (and ) Tj ET Q q 0 0 0 rg BT 363.25 522.40 Td (a ) Tj ET Q q 0 0 0 rg BT 369.63 522.40 Td (reliable ) Tj ET Q q 0 0 0 rg BT 399.01 522.40 Td (estimate ) Tj ET Q q 0 0 0 rg BT 431.38 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 441.27 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 454.66 522.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 484.04 522.40 Td (can ) Tj ET Q q 0 0 0 rg BT 498.92 522.40 Td (be ) Tj ET Q q 0 0 0 rg BT 509.80 522.40 Td (made. ) Tj ET Q q 0 0 0 rg BT 533.93 522.40 Td (If ) Tj ET Q q 0 0 0 rg BT 542.32 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 555.70 522.40 Td (ef) Tj ET Q q 0 0 0 rg BT 562.53 522.40 Td (fect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.60 Td (is ) Tj ET Q q 0 0 0 rg BT 43.91 511.60 Td (material, ) Tj ET Q q 0 0 0 rg BT 77.56 511.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 116.97 511.60 Td (are ) Tj ET Q q 0 0 0 rg BT 129.87 511.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 172.26 511.60 Td (by ) Tj ET Q q 0 0 0 rg BT 183.17 511.60 Td (discounting ) Tj ET Q q 0 0 0 rg BT 227.08 511.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.99 511.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 273.88 511.60 Td (future ) Tj ET Q q 0 0 0 rg BT 297.28 511.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.18 511.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 337.09 511.60 Td (at ) Tj ET Q q 0 0 0 rg BT 345.49 511.60 Td (a ) Tj ET Q q 0 0 0 rg BT 351.40 511.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 378.79 511.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.19 511.60 Td (that ) Tj ET Q q 0 0 0 rg BT 409.60 511.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 437.99 511.60 Td (current ) Tj ET Q q 0 0 0 rg BT 465.38 511.60 Td (market ) Tj ET Q q 0 0 0 rg BT 492.28 511.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 537.69 511.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.10 511.60 Td (the ) Tj ET Q q 0 0 0 rg BT 560.00 511.60 Td (time ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.80 Td (value ) Tj ET Q q 0 0 0 rg BT 57.74 500.80 Td (of ) Tj ET Q q 0 0 0 rg BT 67.49 500.80 Td (money ) Tj ET Q q 0 0 0 rg BT 94.23 500.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 111.73 500.80 Td (where ) Tj ET Q q 0 0 0 rg BT 135.96 500.80 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 181.44 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 194.69 500.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 213.94 500.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 244.17 500.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.42 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.67 500.80 Td (liability) Tj ET Q q 0 0 0 rg BT 294.08 500.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 487.00 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 473.20 Td (Related parties ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 459.40 Td (Parties ) Tj ET Q q 0 0 0 rg BT 63.07 459.40 Td (are ) Tj ET Q q 0 0 0 rg BT 76.63 459.40 Td (related ) Tj ET Q q 0 0 0 rg BT 103.69 459.40 Td (if ) Tj ET Q q 0 0 0 rg BT 111.76 459.40 Td (one ) Tj ET Q q 0 0 0 rg BT 127.33 459.40 Td (party ) Tj ET Q q 0 0 0 rg BT 148.40 459.40 Td (has ) Tj ET Q q 0 0 0 rg BT 162.97 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 176.54 459.40 Td (ability) Tj ET Q q 0 0 0 rg BT 198.95 459.40 Td (, ) Tj ET Q q 0 0 0 rg BT 203.78 459.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 233.84 459.40 Td (or ) Tj ET Q q 0 0 0 rg BT 243.91 459.40 Td (indirectly) Tj ET Q q 0 0 0 rg BT 277.82 459.40 Td (, ) Tj ET Q q 0 0 0 rg BT 282.64 459.40 Td (to ) Tj ET Q q 0 0 0 rg BT 292.22 459.40 Td (control ) Tj ET Q q 0 0 0 rg BT 320.29 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 333.86 459.40 Td (other ) Tj ET Q q 0 0 0 rg BT 354.92 459.40 Td (party ) Tj ET Q q 0 0 0 rg BT 375.99 459.40 Td (or ) Tj ET Q q 0 0 0 rg BT 386.06 459.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 418.12 459.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 458.68 459.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 494.74 459.40 Td (over ) Tj ET Q q 0 0 0 rg BT 513.31 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.88 459.40 Td (other ) Tj ET Q q 0 0 0 rg BT 547.95 459.40 Td (party ) Tj ET Q q 0 0 0 rg BT 569.01 459.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 448.60 Td (making ) Tj ET Q q 0 0 0 rg BT 65.25 448.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 98.98 448.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.22 448.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 150.46 448.60 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 188.46 448.60 Td (Parties ) Tj ET Q q 0 0 0 rg BT 215.20 448.60 Td (are ) Tj ET Q q 0 0 0 rg BT 228.44 448.60 Td (also ) Tj ET Q q 0 0 0 rg BT 245.18 448.60 Td (related ) Tj ET Q q 0 0 0 rg BT 271.92 448.60 Td (if ) Tj ET Q q 0 0 0 rg BT 279.66 448.60 Td (they ) Tj ET Q q 0 0 0 rg BT 297.41 448.60 Td (are ) Tj ET Q q 0 0 0 rg BT 310.65 448.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 338.39 448.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.64 448.60 Td (common ) Tj ET Q q 0 0 0 rg BT 381.38 448.60 Td (control ) Tj ET Q q 0 0 0 rg BT 409.13 448.60 Td (or ) Tj ET Q q 0 0 0 rg BT 418.87 448.60 Td (common ) Tj ET Q q 0 0 0 rg BT 452.62 448.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 492.86 448.60 Td (influence.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 421.00 Td (Earnings per share ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.20 Td (Basic ) Tj ET Q q 0 0 0 rg BT 58.71 407.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 91.92 407.20 Td (per ) Tj ET Q q 0 0 0 rg BT 106.13 407.20 Td (share ) Tj ET Q q 0 0 0 rg BT 127.84 407.20 Td (\("EPS"\) ) Tj ET Q q 0 0 0 rg BT 159.41 407.20 Td (is ) Tj ET Q q 0 0 0 rg BT 168.13 407.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 207.32 407.20 Td (based ) Tj ET Q q 0 0 0 rg BT 230.53 407.20 Td (on ) Tj ET Q q 0 0 0 rg BT 242.25 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 255.96 407.20 Td (income ) Tj ET Q q 0 0 0 rg BT 285.17 407.20 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 307.89 407.20 Td (for ) Tj ET Q q 0 0 0 rg BT 321.10 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 334.81 407.20 Td (period ) Tj ET Q q 0 0 0 rg BT 360.52 407.20 Td (available ) Tj ET Q q 0 0 0 rg BT 395.72 407.20 Td (to ) Tj ET Q q 0 0 0 rg BT 405.44 407.20 Td (common ) Tj ET Q q 0 0 0 rg BT 439.66 407.20 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 487.87 407.20 Td (divided ) Tj ET Q q 0 0 0 rg BT 517.58 407.20 Td (by ) Tj ET Q q 0 0 0 rg BT 529.30 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 543.01 407.20 Td (weighted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 396.40 Td (average ) Tj ET Q q 0 0 0 rg BT 66.48 396.40 Td (number ) Tj ET Q q 0 0 0 rg BT 96.47 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 106.47 396.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 131.47 396.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 175.97 396.40 Td (for ) Tj ET Q q 0 0 0 rg BT 188.97 396.40 Td (basic ) Tj ET Q q 0 0 0 rg BT 209.96 396.40 Td (EPS ) Tj ET Q q 0 0 0 rg BT 227.97 396.40 Td (for ) Tj ET Q q 0 0 0 rg BT 240.97 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 254.47 396.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 282.21 396.40 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 311.71 396.40 Td (EPS ) Tj ET Q q 0 0 0 rg BT 329.72 396.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 362.22 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 375.72 396.40 Td (ef) Tj ET Q q 0 0 0 rg BT 382.55 396.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 398.54 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 408.54 396.40 Td (the ) Tj ET Q q 0 0 0 rg BT 422.03 396.40 Td (assumed ) Tj ET Q q 0 0 0 rg BT 455.53 396.40 Td (conversion ) Tj ET Q q 0 0 0 rg BT 497.52 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 507.52 396.40 Td (potentially ) Tj ET Q q 0 0 0 rg BT 548.52 396.40 Td (dilutive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.60 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 82.44 385.60 Td (The ) Tj ET Q q 0 0 0 rg BT 98.79 385.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 151.14 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.99 385.60 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 190.85 385.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 223.70 385.60 Td (per ) Tj ET Q q 0 0 0 rg BT 237.55 385.60 Td (share ) Tj ET Q q 0 0 0 rg BT 258.90 385.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 290.25 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.61 385.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.97 385.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.33 385.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 391.18 385.60 Td (make ) Tj ET Q q 0 0 0 rg BT 413.03 385.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 439.87 385.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 485.23 385.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.59 385.60 Td (net ) Tj ET Q q 0 0 0 rg BT 507.95 385.60 Td (income ) Tj ET Q q 0 0 0 rg BT 536.80 385.60 Td (and ) Tj ET Q q 0 0 0 rg BT 552.15 385.60 Td (for ) Tj ET Q q 0 0 0 rg BT 565.01 385.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 71.24 374.80 Td (average ) Tj ET Q q 0 0 0 rg BT 101.47 374.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.21 374.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 170.46 374.80 Td (used ) Tj ET Q q 0 0 0 rg BT 189.20 374.80 Td (to ) Tj ET Q q 0 0 0 rg BT 198.45 374.80 Td (compute ) Tj ET Q q 0 0 0 rg BT 231.69 374.80 Td (basic ) Tj ET Q q 0 0 0 rg BT 252.44 374.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 285.17 374.80 Td (per ) Tj ET Q q 0 0 0 rg BT 298.92 374.80 Td (share ) Tj ET Q q 0 0 0 rg BT 320.15 374.80 Td (unless ) Tj ET Q q 0 0 0 rg BT 344.90 374.80 Td (anti-dilutive. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 346.00 Td (Recently ) Tj ET Q q 0 0 0 rg BT 75.16 346.00 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 113.78 346.00 Td (Accounting Standards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.20 Td (In ) Tj ET Q q 0 0 0 rg BT 44.62 332.20 Td (April ) Tj ET Q q 0 0 0 rg BT 65.07 332.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 86.76 332.20 Td (the ) Tj ET Q q 0 0 0 rg BT 99.20 332.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.82 332.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 177.26 332.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 214.20 332.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 237.64 332.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 261.26 332.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 304.70 332.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 341.64 332.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 369.07 332.20 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 394.52 332.20 Td (2015-03, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.21 332.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 445.37 332.20 Td (est ) Tj ET Q q 0 0 0 rg BT 456.82 332.20 Td (- ) Tj ET Q q 0 0 0 rg BT 461.26 332.20 Td (Imputation ) Tj ET Q q 0 0 0 rg BT 502.20 332.20 Td (of ) Tj ET Q q 0 0 0 rg BT 510.65 332.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 527.81 332.20 Td (est, ) Tj ET Q q 0 0 0 rg BT 541.50 332.20 Td (\(Subtopic ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 321.40 Td (835-30\): ) Tj ET Q q 0 0 0 rg BT 69.23 321.40 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 111.96 321.40 Td (the ) Tj ET Q q 0 0 0 rg BT 124.70 321.40 Td (Pr) Tj ET Q q 0 0 0 rg BT 133.36 321.40 Td (esentation ) Tj ET Q q 0 0 0 rg BT 172.10 321.40 Td (of ) Tj ET Q q 0 0 0 rg BT 180.83 321.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 200.07 321.40 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 233.30 321.40 Td (Costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.30 321.40 Td (, ) Tj ET Q q 0 0 0 rg BT 257.29 321.40 Td (which ) Tj ET Q q 0 0 0 rg BT 281.03 321.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 311.75 321.40 Td (the ) Tj ET Q q 0 0 0 rg BT 324.48 321.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 341.72 321.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 373.94 321.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 393.68 321.40 Td (related ) Tj ET Q q 0 0 0 rg BT 419.90 321.40 Td (to ) Tj ET Q q 0 0 0 rg BT 428.64 321.40 Td (a ) Tj ET Q q 0 0 0 rg BT 434.38 321.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 475.59 321.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 492.82 321.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 522.56 321.40 Td (to ) Tj ET Q q 0 0 0 rg BT 531.30 321.40 Td (be ) Tj ET Q q 0 0 0 rg BT 541.53 321.40 Td (presented ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 310.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.71 310.60 Td (the ) Tj ET Q q 0 0 0 rg BT 59.41 310.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 89.60 310.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 110.80 310.60 Td (as ) Tj ET Q q 0 0 0 rg BT 121.00 310.60 Td (a ) Tj ET Q q 0 0 0 rg BT 127.71 310.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 150.90 310.60 Td (deduction ) Tj ET Q q 0 0 0 rg BT 189.10 310.60 Td (from ) Tj ET Q q 0 0 0 rg BT 209.30 310.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.01 310.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 255.70 310.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 285.40 310.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.61 310.60 Td (that ) Tj ET Q q 0 0 0 rg BT 311.81 310.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 330.01 310.60 Td (liability) Tj ET Q q 0 0 0 rg BT 357.43 310.60 Td (, ) Tj ET Q q 0 0 0 rg BT 362.38 310.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 401.09 310.60 Td (with ) Tj ET Q q 0 0 0 rg BT 419.80 310.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.00 310.60 Td (discounts ) Tj ET Q q 0 0 0 rg BT 474.71 310.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.41 310.60 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 531.17 310.60 Td (This ) Tj ET Q q 0 0 0 rg BT 549.28 310.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 569.99 310.60 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 299.80 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 299.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 69.75 299.80 Td (for ) Tj ET Q q 0 0 0 rg BT 82.68 299.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.11 299.80 Td (first ) Tj ET Q q 0 0 0 rg BT 113.04 299.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 141.47 299.80 Td (period ) Tj ET Q q 0 0 0 rg BT 166.90 299.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 205.33 299.80 Td (after ) Tj ET Q q 0 0 0 rg BT 224.25 299.80 Td (December ) Tj ET Q q 0 0 0 rg BT 263.66 299.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 277.34 299.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 297.78 299.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.21 299.80 Td (early ) Tj ET Q q 0 0 0 rg BT 333.63 299.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 367.56 299.80 Td (is ) Tj ET Q q 0 0 0 rg BT 376.00 299.80 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 415.00 299.80 Td (The ) Tj ET Q q 0 0 0 rg BT 431.43 299.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.86 299.80 Td (has ) Tj ET Q q 0 0 0 rg BT 483.29 299.80 Td (chosen ) Tj ET Q q 0 0 0 rg BT 510.72 299.80 Td (to ) Tj ET Q q 0 0 0 rg BT 520.16 299.80 Td (early ) Tj ET Q q 0 0 0 rg BT 540.58 299.80 Td (adopt ) Tj ET Q q 0 0 0 rg BT 563.01 299.80 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 289.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 56.25 289.00 Td (in ) Tj ET Q q 0 0 0 rg BT 65.50 289.00 Td (the ) Tj ET Q q 0 0 0 rg BT 78.74 289.00 Td (second ) Tj ET Q q 0 0 0 rg BT 105.98 289.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 133.72 289.00 Td (of ) Tj ET Q q 0 0 0 rg BT 143.46 289.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 165.46 289.00 Td (As ) Tj ET Q q 0 0 0 rg BT 177.71 289.00 Td (a ) Tj ET Q q 0 0 0 rg BT 183.96 289.00 Td (result, ) Tj ET Q q 0 0 0 rg BT 208.45 289.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.69 289.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 269.43 289.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 299.15 289.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 319.89 289.00 Td (as ) Tj ET Q q 0 0 0 rg BT 329.64 289.00 Td (at ) Tj ET Q q 0 0 0 rg BT 338.38 289.00 Td (December ) Tj ET Q q 0 0 0 rg BT 377.61 289.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 391.10 289.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 411.35 289.00 Td (has ) Tj ET Q q 0 0 0 rg BT 425.60 289.00 Td (been ) Tj ET Q q 0 0 0 rg BT 444.83 289.00 Td (re-presented ) Tj ET Q q 0 0 0 rg BT 491.56 289.00 Td (to ) Tj ET Q q 0 0 0 rg BT 500.80 289.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 526.03 289.00 Td (this ) Tj ET Q q 0 0 0 rg BT 541.28 289.00 Td (change ) Tj ET Q q 0 0 0 rg BT 569.01 289.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 278.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 77.67 278.20 Td (principle. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.10 278.20 Td ($7.9 ) Tj ET Q q 0 0 0 rg BT 132.04 278.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.04 278.20 Td ( ) Tj ET Q q 0 0 0 rg BT 160.23 278.20 Td (of ) Tj ET Q q 0 0 0 rg BT 169.92 278.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 187.60 278.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 220.28 278.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.47 278.20 Td (have ) Tj ET Q q 0 0 0 rg BT 259.65 278.20 Td (been ) Tj ET Q q 0 0 0 rg BT 278.83 278.20 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 322.00 278.20 Td (from ) Tj ET Q q 0 0 0 rg BT 341.68 278.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 364.36 278.20 Td (current ) Tj ET Q q 0 0 0 rg BT 392.04 278.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.22 278.20 Td (to ) Tj ET Q q 0 0 0 rg BT 424.41 278.20 Td (a ) Tj ET Q q 0 0 0 rg BT 430.60 278.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 453.27 278.20 Td (deduction ) Tj ET Q q 0 0 0 rg BT 490.95 278.20 Td (from ) Tj ET Q q 0 0 0 rg BT 510.64 278.20 Td (Current ) Tj ET Q q 0 0 0 rg BT 540.32 278.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 568.51 278.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 267.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 73.38 267.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 90.77 267.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.66 267.40 Td ($15.4 ) Tj ET Q q 0 0 0 rg BT 127.81 267.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.81 267.40 Td ( ) Tj ET Q q 0 0 0 rg BT 155.70 267.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.09 267.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 182.48 267.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 214.87 267.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 234.76 267.40 Td (have ) Tj ET Q q 0 0 0 rg BT 253.64 267.40 Td (been ) Tj ET Q q 0 0 0 rg BT 272.53 267.40 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 315.40 267.40 Td (from ) Tj ET Q q 0 0 0 rg BT 334.79 267.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 357.17 267.40 Td (non-current ) Tj ET Q q 0 0 0 rg BT 401.05 267.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 423.94 267.40 Td (to ) Tj ET Q q 0 0 0 rg BT 432.83 267.40 Td (a ) Tj ET Q q 0 0 0 rg BT 438.72 267.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 461.10 267.40 Td (deduction ) Tj ET Q q 0 0 0 rg BT 498.49 267.40 Td (from ) Tj ET Q q 0 0 0 rg BT 517.88 267.40 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 558.26 267.40 Td (debt. ) Tj ET Q q 0 0 0 rg BT 578.25 267.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 256.60 Td (Similarly) Tj ET Q q 0 0 0 rg BT 68.92 256.60 Td (, ) Tj ET Q q 0 0 0 rg BT 73.25 256.60 Td (as ) Tj ET Q q 0 0 0 rg BT 82.84 256.60 Td (at ) Tj ET Q q 0 0 0 rg BT 91.42 256.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 143.98 256.60 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.32 256.60 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 184.16 256.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.16 256.60 Td ( ) Tj ET Q q 0 0 0 rg BT 212.25 256.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.83 256.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 239.41 256.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 271.99 256.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 292.08 256.60 Td (have ) Tj ET Q q 0 0 0 rg BT 311.15 256.60 Td (been ) Tj ET Q q 0 0 0 rg BT 330.23 256.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 366.80 256.60 Td (as ) Tj ET Q q 0 0 0 rg BT 376.39 256.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.47 256.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 405.04 256.60 Td (deduction ) Tj ET Q q 0 0 0 rg BT 442.62 256.60 Td (from ) Tj ET Q q 0 0 0 rg BT 462.20 256.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.29 256.60 Td (current ) Tj ET Q q 0 0 0 rg BT 502.86 256.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 530.94 256.60 Td (of ) Tj ET Q q 0 0 0 rg BT 540.53 256.60 Td (long-term ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 245.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 53.33 245.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.17 245.80 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 85.76 245.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.76 245.80 Td ( ) Tj ET Q q 0 0 0 rg BT 113.60 245.80 Td (of ) Tj ET Q q 0 0 0 rg BT 122.94 245.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 140.27 245.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 172.60 245.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 192.44 245.80 Td (have ) Tj ET Q q 0 0 0 rg BT 211.27 245.80 Td (been ) Tj ET Q q 0 0 0 rg BT 230.10 245.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 266.42 245.80 Td (as ) Tj ET Q q 0 0 0 rg BT 275.76 245.80 Td (a ) Tj ET Q q 0 0 0 rg BT 281.59 245.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 303.92 245.80 Td (deduction ) Tj ET Q q 0 0 0 rg BT 341.25 245.80 Td (from ) Tj ET Q q 0 0 0 rg BT 360.58 245.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 397.91 245.80 Td (debt. ) Tj ET Q q 0 0 0 rg BT 417.36 245.80 Td (The ) Tj ET Q q 0 0 0 rg BT 433.19 245.80 Td (company ) Tj ET Q q 0 0 0 rg BT 468.02 245.80 Td (has ) Tj ET Q q 0 0 0 rg BT 481.86 245.80 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 517.19 245.80 Td (this ) Tj ET Q q 0 0 0 rg BT 532.03 245.80 Td (presentation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 235.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.25 235.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 65.00 235.00 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 76.25 235.00 Td (- ) Tj ET Q q 0 0 0 rg BT 81.49 235.00 Td (Long ) Tj ET Q q 0 0 0 rg BT 102.74 235.00 Td (term ) Tj ET Q q 0 0 0 rg BT 121.48 235.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 150.22 235.00 Td (bearing ) Tj ET Q q 0 0 0 rg BT 179.46 235.00 Td (debt. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.40 Td (In ) Tj ET Q q 0 0 0 rg BT 46.08 207.40 Td (April ) Tj ET Q q 0 0 0 rg BT 68.40 207.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 91.97 207.40 Td (the ) Tj ET Q q 0 0 0 rg BT 106.28 207.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 142.35 207.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 187.66 207.40 Td (Standards ) Tj ET Q q 0 0 0 rg BT 226.48 207.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 251.79 207.40 Td (\("F) Tj ET Q q 0 0 0 rg BT 262.80 207.40 Td (ASB"\) ) Tj ET Q q 0 0 0 rg BT 290.29 207.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 315.38 207.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 336.70 207.40 Td (2014-08,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.95 207.40 Td ( ) Tj ET Q q 0 0 0 rg BT 372.27 207.40 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 411.58 207.40 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 462.89 207.40 Td (Operations ) Tj ET Q q 0 0 0 rg BT 506.71 207.40 Td (and ) Tj ET Q q 0 0 0 rg BT 523.52 207.40 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 558.19 207.40 Td (es ) Tj ET Q q 0 0 0 rg BT 569.01 207.40 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 196.60 Td (Disposals ) Tj ET Q q 0 0 0 rg BT 73.43 196.60 Td (of ) Tj ET Q q 0 0 0 rg BT 82.35 196.60 Td (Components ) Tj ET Q q 0 0 0 rg BT 129.26 196.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.18 196.60 Td (an ) Tj ET Q q 0 0 0 rg BT 149.10 196.60 Td (Entity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.59 196.60 Td (, ) Tj ET Q q 0 0 0 rg BT 174.76 196.60 Td (which ) Tj ET Q q 0 0 0 rg BT 198.68 196.60 Td (amends ) Tj ET Q q 0 0 0 rg BT 228.09 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.00 196.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 268.40 196.60 Td (for ) Tj ET Q q 0 0 0 rg BT 280.81 196.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 315.72 196.60 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 363.63 196.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 403.04 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.96 196.60 Td (include ) Tj ET Q q 0 0 0 rg BT 440.37 196.60 Td (only ) Tj ET Q q 0 0 0 rg BT 458.29 196.60 Td (disposals ) Tj ET Q q 0 0 0 rg BT 493.21 196.60 Td (representing ) Tj ET Q q 0 0 0 rg BT 539.61 196.60 Td (a ) Tj ET Q q 0 0 0 rg BT 545.52 196.60 Td (strategic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 185.80 Td (shift ) Tj ET Q q 0 0 0 rg BT 54.22 185.80 Td (in ) Tj ET Q q 0 0 0 rg BT 63.44 185.80 Td (operations. ) Tj ET Q q 0 0 0 rg BT 105.25 185.80 Td (The ) Tj ET Q q 0 0 0 rg BT 120.97 185.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 141.19 185.80 Td (also ) Tj ET Q q 0 0 0 rg BT 157.91 185.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 189.12 185.80 Td (expanded ) Tj ET Q q 0 0 0 rg BT 225.83 185.80 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 268.04 185.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 304.75 185.80 Td (the ) Tj ET Q q 0 0 0 rg BT 317.97 185.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 343.43 185.80 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 381.40 185.80 Td (income, ) Tj ET Q q 0 0 0 rg BT 412.36 185.80 Td (and ) Tj ET Q q 0 0 0 rg BT 427.58 185.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 462.29 185.80 Td (of ) Tj ET Q q 0 0 0 rg BT 472.01 185.80 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 520.22 185.80 Td (operations. ) Tj ET Q q 0 0 0 rg BT 562.02 185.80 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 72.99 175.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 103.46 175.00 Td (this ) Tj ET Q q 0 0 0 rg BT 118.45 175.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 152.92 175.00 Td (in ) Tj ET Q q 0 0 0 rg BT 161.91 175.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.90 175.00 Td (period, ) Tj ET Q q 0 0 0 rg BT 202.12 175.00 Td (which ) Tj ET Q q 0 0 0 rg BT 226.11 175.00 Td (was ) Tj ET Q q 0 0 0 rg BT 242.09 175.00 Td (ef) Tj ET Q q 0 0 0 rg BT 248.92 175.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 275.39 175.00 Td (for ) Tj ET Q q 0 0 0 rg BT 287.87 175.00 Td (the ) Tj ET Q q 0 0 0 rg BT 300.85 175.00 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 348.83 175.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 388.31 175.00 Td (occurring ) Tj ET Q q 0 0 0 rg BT 424.78 175.00 Td (after ) Tj ET Q q 0 0 0 rg BT 443.25 175.00 Td (January ) Tj ET Q q 0 0 0 rg BT 473.23 175.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 481.97 175.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 504.06 175.00 Td (The ) Tj ET Q q 0 0 0 rg BT 520.04 175.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 553.52 175.00 Td (of ) Tj ET Q q 0 0 0 rg BT 563.01 175.00 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 70.73 164.20 Td (did ) Tj ET Q q 0 0 0 rg BT 84.48 164.20 Td (not ) Tj ET Q q 0 0 0 rg BT 98.24 164.20 Td (have ) Tj ET Q q 0 0 0 rg BT 117.47 164.20 Td (a ) Tj ET Q q 0 0 0 rg BT 123.72 164.20 Td (material ) Tj ET Q q 0 0 0 rg BT 155.45 164.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 182.19 164.20 Td (on ) Tj ET Q q 0 0 0 rg BT 193.44 164.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 235.81 164.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 283.55 164.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.29 164.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 357.53 164.20 Td (and ) Tj ET Q q 0 0 0 rg BT 372.77 164.20 Td (related ) Tj ET Q q 0 0 0 rg BT 399.50 164.20 Td (disclosures. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 136.60 Td (In ) Tj ET Q q 0 0 0 rg BT 44.81 136.60 Td (November ) Tj ET Q q 0 0 0 rg BT 84.11 136.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 105.68 136.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.99 136.60 Td (F) Tj ET Q q 0 0 0 rg BT 122.33 136.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 141.15 136.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 164.67 136.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 183.99 136.60 Td (2015-17, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.55 136.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 245.36 136.60 Td (T) Tj ET Q q 0 0 0 rg BT 249.53 136.60 Td (axes ) Tj ET Q q 0 0 0 rg BT 266.84 136.60 Td (\(T) Tj ET Q q 0 0 0 rg BT 274.02 136.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 290.83 136.60 Td (740\): ) Tj ET Q q 0 0 0 rg BT 311.64 136.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 342.44 136.60 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 363.24 136.60 Td (Classification ) Tj ET Q q 0 0 0 rg BT 414.56 136.60 Td 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(financial ) Tj ET Q q 0 0 0 rg BT 496.91 82.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 536.71 82.60 Td (and ) Tj ET Q q 0 0 0 rg BT 551.52 82.60 Td (related ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 71.80 Td (disclosures.) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 104.89 749.25 Td (Accounting Standards ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (In ) Tj ET Q q 0 0 0 rg BT 45.77 735.45 Td (May ) Tj ET Q q 0 0 0 rg BT 64.55 735.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 87.08 735.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.35 735.45 Td (F) Tj ET Q q 0 0 0 rg BT 104.69 735.45 Td (ASB ) Tj ET Q q 0 0 0 rg BT 124.47 735.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 148.75 735.45 Td (ASU ) Tj ET Q q 0 0 0 rg BT 169.03 735.45 Td (2014-09,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.27 735.45 Td ( ) Tj ET Q q 0 0 0 rg BT 203.55 735.45 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 236.31 735.45 Td (fr) Tj ET Q q 0 0 0 rg BT 241.97 735.45 Td (om ) Tj ET Q q 0 0 0 rg BT 255.25 735.45 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 293.03 735.45 Td (with ) Tj ET Q q 0 0 0 rg BT 310.81 735.45 Td (Customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.32 735.45 Td (, ) Tj ET Q q 0 0 0 rg BT 353.85 735.45 Td (which ) Tj ET Q q 0 0 0 rg BT 378.12 735.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 411.39 735.45 Td (new ) Tj ET Q q 0 0 0 rg BT 428.66 735.45 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 476.42 735.45 Td (guidance ) Tj ET Q q 0 0 0 rg BT 511.18 735.45 Td (on ) Tj ET Q q 0 0 0 rg BT 522.46 735.45 Td (the ) Tj ET Q q 0 0 0 rg BT 535.73 735.45 Td (methods ) Tj ET Q q 0 0 0 rg BT 568.51 735.45 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 724.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 66.18 724.65 Td (recognition ) Tj ET Q q 0 0 0 rg BT 108.86 724.65 Td (and ) Tj ET Q q 0 0 0 rg BT 123.55 724.65 Td (related ) Tj ET Q q 0 0 0 rg BT 149.73 724.65 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 187.92 724.65 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 238.85 724.65 Td ( ) Tj ET Q q 0 0 0 rg BT 240.54 724.65 Td (In ) Tj ET Q q 0 0 0 rg BT 249.36 724.65 Td (April 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0 0 0 rg BT 47.08 713.85 Td (this ) Tj ET Q q 0 0 0 rg BT 62.16 713.85 Td (proposal, ) Tj ET Q q 0 0 0 rg BT 97.48 713.85 Td (public ) Tj ET Q q 0 0 0 rg BT 122.05 713.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 150.12 713.85 Td (would ) Tj ET Q q 0 0 0 rg BT 174.70 713.85 Td (need ) Tj ET Q q 0 0 0 rg BT 193.76 713.85 Td (to ) Tj ET Q q 0 0 0 rg BT 202.84 713.85 Td (apply ) Tj ET Q q 0 0 0 rg BT 224.91 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 237.98 713.85 Td (new ) Tj ET Q q 0 0 0 rg BT 255.05 713.85 Td (guidance ) Tj ET Q q 0 0 0 rg BT 289.62 713.85 Td (for ) Tj ET Q q 0 0 0 rg BT 302.19 713.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 328.25 713.85 Td (and ) Tj ET Q q 0 0 0 rg BT 343.32 713.85 Td (interim ) Tj ET Q q 0 0 0 rg BT 371.39 713.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 399.97 713.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 438.04 713.85 Td (after ) Tj ET Q q 0 0 0 rg BT 456.60 713.85 Td (December ) Tj ET Q q 0 0 0 rg BT 495.65 713.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 508.98 713.85 Td (2017, 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703.05 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 429.55 703.05 Td (as ) Tj ET Q q 0 0 0 rg BT 438.71 703.05 Td (of ) Tj ET Q q 0 0 0 rg BT 447.86 703.05 Td (the ) Tj ET Q q 0 0 0 rg BT 460.51 703.05 Td (date ) Tj ET Q q 0 0 0 rg BT 477.16 703.05 Td (of ) Tj ET Q q 0 0 0 rg BT 486.31 703.05 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 521.71 703.05 Td ( ) Tj ET Q q 0 0 0 rg BT 523.37 703.05 Td (Early ) Tj ET Q q 0 0 0 rg BT 544.52 703.05 Td (adoption ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.25 Td (is ) Tj ET Q q 0 0 0 rg BT 44.05 692.25 Td (not ) Tj ET Q q 0 0 0 rg BT 57.61 692.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 94.15 692.25 Td (until ) Tj ET Q q 0 0 0 rg BT 112.70 692.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 141.24 692.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 179.29 692.25 Td (after ) Tj ET Q q 0 0 0 rg BT 197.83 692.25 Td (December ) Tj ET Q q 0 0 0 rg BT 236.85 692.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 250.15 692.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 272.31 692.25 Td (The ) Tj ET Q q 0 0 0 rg BT 288.35 692.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.40 692.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.45 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.51 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.55 692.25 Td (process ) Tj ET Q q 0 0 0 rg BT 384.59 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.14 692.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 433.68 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.73 692.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 473.27 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.82 692.25 Td (this ) Tj ET Q q 0 0 0 rg BT 497.87 692.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 530.41 692.25 Td (update ) Tj ET Q q 0 0 0 rg BT 556.45 692.25 Td (on ) Tj ET Q q 0 0 0 rg BT 567.50 692.25 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 681.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 83.74 681.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.47 681.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 157.71 681.45 Td (and ) Tj ET Q q 0 0 0 rg BT 172.96 681.45 Td (related ) Tj ET Q q 0 0 0 rg BT 199.69 681.45 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 653.85 Td (In ) Tj ET Q q 0 0 0 rg BT 45.11 653.85 Td (August ) Tj ET Q q 0 0 0 rg BT 73.18 653.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 95.50 653.85 Td (the ) Tj ET Q q 0 0 0 rg BT 108.56 653.85 Td (F) Tj ET Q q 0 0 0 rg BT 112.90 653.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 132.48 653.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 156.59 653.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 176.66 653.85 Td (2014-15, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.98 653.85 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 245.65 653.85 Td (e ) Tj ET Q q 0 0 0 rg BT 251.71 653.85 Td (of ) Tj ET Q q 0 0 0 rg BT 260.78 653.85 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 311.84 653.85 Td (about ) Tj ET Q q 0 0 0 rg BT 334.41 653.85 Td (an ) Tj ET Q q 0 0 0 rg BT 345.48 653.85 Td (Entity) Tj ET Q q 0 0 0 rg BT 368.81 653.85 Td (s ) Tj ET Q q 0 0 0 rg BT 374.23 653.85 Td (Ability ) Tj ET Q q 0 0 0 rg BT 400.29 653.85 Td (to ) Tj ET Q q 0 0 0 rg BT 409.36 653.85 Td (Continue ) Tj ET Q q 0 0 0 rg BT 444.43 653.85 Td (as ) Tj ET Q q 0 0 0 rg BT 454.50 653.85 Td (a ) Tj ET Q q 0 0 0 rg BT 461.07 653.85 Td (Going ) Tj ET Q q 0 0 0 rg BT 485.64 653.85 Td (Concern) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.63 653.85 Td (, ) Tj ET Q q 0 0 0 rg BT 520.95 653.85 Td (which ) Tj ET Q q 0 0 0 rg BT 545.02 653.85 Td (provides ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 643.05 Td (new ) Tj ET Q q 0 0 0 rg BT 52.75 643.05 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 99.99 643.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 134.24 643.05 Td (with ) Tj ET Q q 0 0 0 rg BT 151.99 643.05 Td (regards ) Tj ET Q q 0 0 0 rg BT 180.24 643.05 Td (to ) Tj ET Q q 0 0 0 rg BT 189.00 643.05 Td (management's ) Tj ET Q q 0 0 0 rg BT 241.86 643.05 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 292.61 643.05 Td (to ) Tj ET Q q 0 0 0 rg BT 301.37 643.05 Td (assess ) Tj ET Q q 0 0 0 rg BT 325.13 643.05 Td (an ) Tj ET Q q 0 0 0 rg BT 335.38 643.05 Td (entity's ) Tj ET Q q 0 0 0 rg BT 362.76 643.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 387.51 643.05 Td (to ) Tj ET Q q 0 0 0 rg BT 396.27 643.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 429.02 643.05 Td (as ) Tj ET Q q 0 0 0 rg BT 438.28 643.05 Td (a ) Tj ET Q q 0 0 0 rg BT 444.03 643.05 Td (going ) Tj ET Q q 0 0 0 rg BT 466.29 643.05 Td (concern, ) Tj ET Q q 0 0 0 rg BT 498.77 643.05 Td (and ) Tj ET Q q 0 0 0 rg BT 513.53 643.05 Td (to ) Tj ET Q q 0 0 0 rg BT 522.29 643.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 551.54 643.05 Td (related ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 632.25 Td (footnote ) Tj ET Q q 0 0 0 rg BT 69.10 632.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 112.19 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.30 632.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 149.88 632.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 205.98 632.25 Td (The ) Tj ET Q q 0 0 0 rg BT 222.40 632.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 243.50 632.25 Td (will ) Tj ET Q q 0 0 0 rg BT 260.61 632.25 Td (be ) Tj ET Q q 0 0 0 rg BT 272.20 632.25 Td (ef) Tj ET Q q 0 0 0 rg BT 279.03 632.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 306.62 632.25 Td (for ) Tj ET Q q 0 0 0 rg BT 320.21 632.25 Td (all ) Tj ET Q q 0 0 0 rg BT 332.31 632.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 361.41 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.51 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 632.25 Td (first ) Tj ET Q q 0 0 0 rg BT 403.21 632.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 430.30 632.25 Td (period ) Tj ET Q q 0 0 0 rg BT 456.40 632.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 483.99 632.25 Td (after ) Tj ET Q q 0 0 0 rg BT 503.58 632.25 Td (December ) Tj ET Q q 0 0 0 rg BT 543.66 632.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 558.01 632.25 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 621.45 Td (\(December ) Tj ET Q q 0 0 0 rg BT 78.74 621.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 92.75 621.45 Td (2016 ) Tj ET Q q 0 0 0 rg BT 113.51 621.45 Td (for ) Tj ET Q q 0 0 0 rg BT 126.77 621.45 Td (calendar ) Tj ET Q q 0 0 0 rg BT 160.01 621.45 Td (year) Tj ET Q q 0 0 0 rg BT 175.31 621.45 Td (-end ) Tj ET Q q 0 0 0 rg BT 194.07 621.45 Td (entities\) ) Tj ET Q q 0 0 0 rg BT 225.82 621.45 Td (and ) Tj ET Q q 0 0 0 rg BT 241.58 621.45 Td (early ) Tj ET Q q 0 0 0 rg BT 262.33 621.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 296.59 621.45 Td (is ) Tj ET Q q 0 0 0 rg BT 305.36 621.45 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 344.66 621.45 Td (The ) Tj ET Q q 0 0 0 rg BT 361.41 621.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.17 621.45 Td (is ) Tj ET Q q 0 0 0 rg BT 407.94 621.45 Td (in ) Tj ET Q q 0 0 0 rg BT 417.70 621.45 Td (the ) Tj ET Q q 0 0 0 rg BT 431.46 621.45 Td (process ) Tj ET Q q 0 0 0 rg BT 461.22 621.45 Td (of ) Tj ET Q q 0 0 0 rg BT 471.48 621.45 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 511.73 621.45 Td (the ) Tj ET Q q 0 0 0 rg BT 525.48 621.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 552.74 621.45 Td (of ) Tj ET Q q 0 0 0 rg BT 563.00 621.45 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 610.65 Td (standard ) Tj ET Q q 0 0 0 rg BT 68.74 610.65 Td (update ) Tj ET Q q 0 0 0 rg BT 94.98 610.65 Td (on ) Tj ET Q q 0 0 0 rg BT 106.23 610.65 Td (its ) Tj ET Q q 0 0 0 rg BT 116.98 610.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 164.72 610.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.45 610.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 238.69 610.65 Td (and ) Tj ET Q q 0 0 0 rg BT 253.94 610.65 Td (related ) Tj ET Q q 0 0 0 rg BT 280.67 610.65 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 583.05 Td (In ) Tj ET Q q 0 0 0 rg BT 47.07 583.05 Td (February ) Tj ET Q q 0 0 0 rg BT 83.13 583.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 106.95 583.05 Td (the ) Tj ET Q q 0 0 0 rg BT 121.51 583.05 Td (F) Tj ET Q q 0 0 0 rg BT 125.85 583.05 Td (ASB ) Tj ET Q q 0 0 0 rg BT 146.93 583.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 172.21 583.05 Td (ASU ) Tj ET Q q 0 0 0 rg BT 193.78 583.05 Td (2015-02, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.60 583.05 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 284.18 583.05 Td (\(T) Tj ET Q q 0 0 0 rg BT 291.35 583.05 Td (opic ) Tj ET Q q 0 0 0 rg BT 310.42 583.05 Td (810\): ) Tj ET Q q 0 0 0 rg BT 333.22 583.05 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 382.78 583.05 Td (to ) Tj ET Q q 0 0 0 rg BT 393.35 583.05 Td (the ) Tj ET Q q 0 0 0 rg BT 407.92 583.05 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 462.24 583.05 Td (Analysis) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.73 583.05 Td (, ) Tj ET Q q 0 0 0 rg BT 498.55 583.05 Td (which ) Tj ET Q q 0 0 0 rg BT 524.12 583.05 Td (made ) Tj ET Q q 0 0 0 rg BT 547.18 583.05 Td (tar) Tj ET Q q 0 0 0 rg BT 556.51 583.05 Td (geted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 572.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 83.72 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.94 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.17 572.25 Td (current ) Tj ET Q q 0 0 0 rg BT 133.88 572.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 184.60 572.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 219.31 572.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.04 572.25 Td (could ) Tj ET Q q 0 0 0 rg BT 257.26 572.25 Td (af) Tj ET Q q 0 0 0 rg BT 264.09 572.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 279.80 572.25 Td (all ) Tj ET Q q 0 0 0 rg BT 291.03 572.25 Td (industries. ) Tj ET Q q 0 0 0 rg BT 330.34 572.25 Td (The ) Tj ET Q q 0 0 0 rg BT 346.56 572.25 Td (F) Tj ET Q q 0 0 0 rg BT 350.90 572.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 370.64 572.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 395.36 572.25 Td (this ) Tj ET Q q 0 0 0 rg BT 410.60 572.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 445.31 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.54 572.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 485.26 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.49 572.25 Td (stakeholders) Tj ET Q q 0 0 0 rg BT 541.80 572.25 Td ( ) Tj ET Q q 0 0 0 rg BT 544.03 572.25 Td (concerns ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 561.45 Td (about ) Tj ET Q q 0 0 0 rg BT 57.74 561.45 Td (the ) Tj ET Q q 0 0 0 rg BT 70.48 561.45 Td (current ) Tj ET Q q 0 0 0 rg BT 97.71 561.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 138.94 561.45 Td (for ) Tj ET Q q 0 0 0 rg BT 151.18 561.45 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 201.42 561.45 Td (of ) Tj ET Q q 0 0 0 rg BT 210.66 561.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.89 561.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 256.13 561.45 Td (entities. ) Tj ET Q q 0 0 0 rg BT 286.12 561.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 321.35 561.45 Td (statement ) Tj ET Q q 0 0 0 rg BT 357.59 561.45 Td (users ) Tj ET Q q 0 0 0 rg BT 377.83 561.45 Td (asserted ) Tj ET Q q 0 0 0 rg BT 408.56 561.45 Td (that ) Tj ET Q q 0 0 0 rg BT 423.80 561.45 Td (in ) Tj ET Q q 0 0 0 rg BT 432.55 561.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 458.77 561.45 Td (situations ) Tj ET Q q 0 0 0 rg BT 495.02 561.45 Td (in ) Tj ET Q q 0 0 0 rg BT 503.77 561.45 Td (which ) Tj ET Q q 0 0 0 rg BT 527.51 561.45 Td (consolidation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 550.65 Td (is ) Tj ET Q q 0 0 0 rg BT 45.31 550.65 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 85.11 550.65 Td (required, ) Tj ET Q q 0 0 0 rg BT 120.65 550.65 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 177.93 550.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 212.72 550.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 254.02 550.65 Td (are ) Tj ET Q q 0 0 0 rg BT 268.31 550.65 Td (necessary ) Tj ET Q q 0 0 0 rg BT 306.60 550.65 Td (to ) Tj ET Q q 0 0 0 rg BT 316.90 550.65 Td (better ) Tj ET Q q 0 0 0 rg BT 340.70 550.65 Td (analyze ) Tj ET Q q 0 0 0 rg BT 371.48 550.65 Td (the ) Tj ET Q q 0 0 0 rg BT 385.78 550.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 422.08 550.65 Td (entity) Tj ET Q q 0 0 0 rg BT 445.07 550.65 Td (s ) Tj ET Q q 0 0 0 rg BT 451.88 550.65 Td (economic ) Tj ET Q q 0 0 0 rg BT 490.17 550.65 Td (and ) Tj ET Q q 0 0 0 rg BT 506.47 550.65 Td (operational ) Tj ET Q q 0 0 0 rg BT 550.26 550.65 Td (results. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 539.85 Td (Previously) Tj ET Q q 0 0 0 rg BT 73.92 539.85 Td (, ) Tj ET Q q 0 0 0 rg BT 78.74 539.85 Td (the ) Tj ET Q q 0 0 0 rg BT 92.31 539.85 Td (F) Tj ET Q q 0 0 0 rg BT 96.65 539.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 116.73 539.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 141.81 539.85 Td (an ) Tj ET Q q 0 0 0 rg BT 152.88 539.85 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 189.94 539.85 Td (deferral ) Tj ET Q q 0 0 0 rg BT 220.49 539.85 Td (for ) Tj ET Q q 0 0 0 rg BT 233.56 539.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 260.62 539.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 289.19 539.85 Td (to ) Tj ET Q q 0 0 0 rg BT 298.76 539.85 Td (partially ) Tj ET Q q 0 0 0 rg BT 331.33 539.85 Td (address ) Tj ET Q q 0 0 0 rg BT 360.89 539.85 Td (those ) Tj ET Q q 0 0 0 rg BT 382.46 539.85 Td (concerns. ) Tj ET Q q 0 0 0 rg BT 419.27 539.85 Td (However) Tj ET Q q 0 0 0 rg BT 451.90 539.85 Td (, ) Tj ET Q q 0 0 0 rg BT 456.72 539.85 Td (the ) Tj ET Q q 0 0 0 rg BT 470.29 539.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 518.36 539.85 Td (in ) Tj ET Q q 0 0 0 rg BT 527.93 539.85 Td (this ) Tj ET Q q 0 0 0 rg BT 543.51 539.85 Td (guidance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 529.05 Td (rescind ) Tj ET Q q 0 0 0 rg BT 64.31 529.05 Td (that ) Tj ET Q q 0 0 0 rg BT 80.12 529.05 Td (deferral ) Tj ET Q q 0 0 0 rg BT 110.41 529.05 Td (and ) Tj ET Q q 0 0 0 rg BT 125.72 529.05 Td (address ) Tj ET Q q 0 0 0 rg BT 155.03 529.05 Td (those ) Tj ET Q q 0 0 0 rg BT 176.34 529.05 Td (concerns ) Tj ET Q q 0 0 0 rg BT 210.64 529.05 Td (by ) Tj ET Q q 0 0 0 rg BT 221.95 529.05 Td (making ) Tj ET Q q 0 0 0 rg BT 251.27 529.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 282.57 529.05 Td (to ) Tj ET Q q 0 0 0 rg BT 291.88 529.05 Td (the ) Tj ET Q q 0 0 0 rg BT 305.20 529.05 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 356.01 529.05 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 392.89 529.05 Td (The ) Tj ET Q q 0 0 0 rg BT 408.69 529.05 Td (ASU ) Tj ET Q q 0 0 0 rg BT 429.01 529.05 Td (will ) Tj ET Q q 0 0 0 rg BT 445.32 529.05 Td (be ) Tj ET Q q 0 0 0 rg BT 456.13 529.05 Td (ef) Tj ET Q q 0 0 0 rg BT 462.96 529.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 489.76 529.05 Td (for ) Tj ET Q q 0 0 0 rg BT 502.57 529.05 Td (public ) Tj ET Q q 0 0 0 rg BT 527.38 529.05 Td (entities ) Tj ET Q q 0 0 0 rg BT 555.69 529.05 Td (in ) Tj ET Q q 0 0 0 rg BT 565.01 529.05 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.25 Td (first ) Tj ET Q q 0 0 0 rg BT 52.72 518.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 78.93 518.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 106.39 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.60 518.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.31 518.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 162.53 518.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 191.24 518.25 Td (therein, ) Tj ET Q q 0 0 0 rg BT 220.70 518.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 258.91 518.25 Td (after ) Tj ET Q q 0 0 0 rg BT 277.62 518.25 Td (December ) Tj ET Q q 0 0 0 rg BT 316.81 518.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 330.28 518.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 350.50 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.71 518.25 Td (early ) Tj ET Q q 0 0 0 rg BT 385.92 518.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 419.63 518.25 Td (is ) Tj ET Q q 0 0 0 rg BT 427.86 518.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 466.65 518.25 Td (The ) Tj ET Q q 0 0 0 rg BT 482.86 518.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.08 518.25 Td (does ) Tj ET Q q 0 0 0 rg BT 538.80 518.25 Td (not ) Tj ET Q q 0 0 0 rg BT 552.52 518.25 Td (expect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 507.45 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 507.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 82.99 507.45 Td (of ) Tj ET Q q 0 0 0 rg BT 92.74 507.45 Td (this ) Tj ET Q q 0 0 0 rg BT 107.99 507.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 140.73 507.45 Td (to ) Tj ET Q q 0 0 0 rg BT 149.98 507.45 Td (have ) Tj ET Q q 0 0 0 rg BT 169.22 507.45 Td (a ) Tj ET Q q 0 0 0 rg BT 175.46 507.45 Td (material ) Tj ET Q q 0 0 0 rg BT 207.20 507.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 233.94 507.45 Td (on ) Tj ET Q q 0 0 0 rg BT 245.19 507.45 Td (its ) Tj ET Q q 0 0 0 rg BT 255.94 507.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 303.68 507.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.41 507.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 377.65 507.45 Td (and ) Tj ET Q q 0 0 0 rg BT 392.90 507.45 Td (related ) Tj ET Q q 0 0 0 rg BT 419.63 507.45 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 479.85 Td (In ) Tj ET Q q 0 0 0 rg BT 44.99 479.85 Td (April ) Tj ET Q q 0 0 0 rg BT 65.91 479.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 88.08 479.85 Td (the ) Tj ET Q q 0 0 0 rg BT 100.99 479.85 Td (F) Tj ET Q q 0 0 0 rg BT 105.33 479.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 124.75 479.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 148.75 479.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 168.67 479.85 Td (2015-05,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.92 479.85 Td ( ) Tj ET Q q 0 0 0 rg BT 202.84 479.85 Td (Intangibles ) Tj ET Q q 0 0 0 rg BT 245.25 479.85 Td (- ) Tj ET Q q 0 0 0 rg BT 250.17 479.85 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 285.59 479.85 Td (and ) Tj ET Q q 0 0 0 rg BT 301.01 479.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 323.92 479.85 Td (- ) Tj ET Q q 0 0 0 rg BT 328.84 479.85 Td (Internal-Use ) Tj ET Q q 0 0 0 rg BT 376.75 479.85 Td (Softwar) Tj ET Q q 0 0 0 rg BT 404.42 479.85 Td (e ) Tj ET Q q 0 0 0 rg BT 410.33 479.85 Td (\(Subtopic ) Tj ET Q q 0 0 0 rg BT 446.74 479.85 Td (350-40\): ) Tj ET Q q 0 0 0 rg BT 480.15 479.85 Td (Customer) Tj ET Q q 0 0 0 rg BT 515.49 479.85 Td () Tj ET Q q 0 0 0 rg BT 517.32 479.85 Td (s ) Tj ET Q q 0 0 0 rg BT 522.61 479.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 565.51 479.85 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 469.05 Td (Fees ) Tj ET Q q 0 0 0 rg BT 55.74 469.05 Td (Paid ) Tj ET Q q 0 0 0 rg BT 75.49 469.05 Td (in ) Tj ET Q q 0 0 0 rg BT 85.24 469.05 Td (a ) Tj ET Q q 0 0 0 rg BT 92.49 469.05 Td (Cloud ) Tj ET Q q 0 0 0 rg BT 117.24 469.05 Td (Computing ) Tj ET Q q 0 0 0 rg BT 159.80 469.05 Td (Arrangement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.29 469.05 Td (, ) Tj ET Q q 0 0 0 rg BT 212.29 469.05 Td (which ) Tj ET Q q 0 0 0 rg BT 237.03 469.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 270.78 469.05 Td (explicit ) Tj ET Q q 0 0 0 rg BT 300.52 469.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 335.75 469.05 Td (about ) Tj ET Q q 0 0 0 rg BT 358.50 469.05 Td (a ) Tj ET Q q 0 0 0 rg BT 365.24 469.05 Td (customer) Tj ET Q q 0 0 0 rg BT 398.57 469.05 Td () Tj ET Q q 0 0 0 rg BT 401.07 469.05 Td (s ) Tj ET Q q 0 0 0 rg BT 407.32 469.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 449.55 469.05 Td (for ) Tj ET Q q 0 0 0 rg BT 462.80 469.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 480.04 469.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 498.28 469.05 Td (in ) Tj ET Q q 0 0 0 rg BT 508.03 469.05 Td (a ) Tj ET Q q 0 0 0 rg BT 514.78 469.05 Td (cloud ) Tj ET Q q 0 0 0 rg BT 537.52 469.05 Td (computing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 458.25 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 85.15 458.25 Td (This ) Tj ET Q q 0 0 0 rg BT 102.77 458.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 122.86 458.25 Td (will ) Tj ET Q q 0 0 0 rg BT 138.94 458.25 Td (be ) Tj ET Q q 0 0 0 rg BT 149.51 458.25 Td (ef) Tj ET Q q 0 0 0 rg BT 156.34 458.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 182.90 458.25 Td (for ) Tj ET Q q 0 0 0 rg BT 195.48 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.55 458.25 Td (first ) Tj ET Q q 0 0 0 rg BT 225.13 458.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 253.20 458.25 Td (period ) Tj ET Q q 0 0 0 rg BT 278.27 458.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 316.35 458.25 Td (after ) Tj ET Q q 0 0 0 rg BT 334.91 458.25 Td (December ) Tj ET Q q 0 0 0 rg BT 373.97 458.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 387.30 458.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 407.38 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.45 458.25 Td (early ) Tj ET Q q 0 0 0 rg BT 442.52 458.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 476.09 458.25 Td (is ) Tj ET Q q 0 0 0 rg BT 484.18 458.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 522.99 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.92 458.25 Td (The ) Tj ET Q q 0 0 0 rg BT 540.99 458.25 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 447.45 Td (does ) Tj ET Q q 0 0 0 rg BT 54.75 447.45 Td (not ) Tj ET Q q 0 0 0 rg BT 68.50 447.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 94.23 447.45 Td (the ) Tj ET Q q 0 0 0 rg BT 107.48 447.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 141.22 447.45 Td (of ) Tj ET Q q 0 0 0 rg BT 150.97 447.45 Td (this ) Tj ET Q q 0 0 0 rg BT 166.22 447.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 198.96 447.45 Td (to ) Tj ET Q q 0 0 0 rg BT 208.21 447.45 Td (have ) Tj ET Q q 0 0 0 rg BT 227.45 447.45 Td (a ) Tj ET Q q 0 0 0 rg BT 233.70 447.45 Td (material ) Tj ET Q q 0 0 0 rg BT 265.43 447.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 292.17 447.45 Td (on ) Tj ET Q q 0 0 0 rg BT 303.42 447.45 Td (its ) Tj ET Q q 0 0 0 rg BT 314.17 447.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 361.91 447.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.64 447.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 435.88 447.45 Td (and ) Tj ET Q q 0 0 0 rg BT 451.13 447.45 Td (related ) Tj ET Q q 0 0 0 rg BT 477.86 447.45 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 419.85 Td (In ) Tj ET Q q 0 0 0 rg BT 47.60 419.85 Td (September ) Tj ET Q q 0 0 0 rg BT 90.18 419.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.53 419.85 Td (the ) Tj ET Q q 0 0 0 rg BT 129.62 419.85 Td (F) Tj ET Q q 0 0 0 rg BT 133.96 419.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 155.57 419.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 181.26 419.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 203.37 419.85 Td (2015-16, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.71 419.85 Td (Business ) Tj ET Q q 0 0 0 rg BT 275.31 419.85 Td (Combinations ) Tj ET Q q 0 0 0 rg BT 329.91 419.85 Td (\(T) Tj ET Q q 0 0 0 rg BT 337.09 419.85 Td (opic ) Tj ET Q q 0 0 0 rg BT 356.68 419.85 Td (805\): ) Tj ET Q q 0 0 0 rg BT 380.28 419.85 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 425.37 419.85 Td (the ) Tj ET Q q 0 0 0 rg BT 440.17 419.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 485.26 419.85 Td (for ) Tj ET Q q 0 0 0 rg BT 499.86 419.85 Td (Measur) Tj ET Q q 0 0 0 rg BT 527.02 419.85 Td (ement-Period ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 409.05 Td (Adjustments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 409.05 Td (. ) Tj ET Q q 0 0 0 rg BT 85.38 409.05 Td (The ) Tj ET Q q 0 0 0 rg BT 102.75 409.05 Td (amendments ) Tj ET Q q 0 0 0 rg BT 151.61 409.05 Td (in ) Tj ET Q q 0 0 0 rg BT 161.99 409.05 Td (this ) Tj ET Q q 0 0 0 rg BT 178.37 409.05 Td (update ) Tj ET Q q 0 0 0 rg BT 205.73 409.05 Td (require ) Tj ET Q q 0 0 0 rg BT 234.59 409.05 Td (that ) Tj ET Q q 0 0 0 rg BT 251.47 409.05 Td (an ) Tj ET Q q 0 0 0 rg BT 263.34 409.05 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 296.19 409.05 Td (recognize ) Tj ET Q q 0 0 0 rg BT 334.54 409.05 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 380.91 409.05 Td (to ) Tj ET Q q 0 0 0 rg BT 391.29 409.05 Td (provisional ) Tj ET Q q 0 0 0 rg BT 435.16 409.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 469.04 409.05 Td (that ) Tj ET Q q 0 0 0 rg BT 485.91 409.05 Td (are ) Tj ET Q q 0 0 0 rg BT 500.27 409.05 Td (identified ) Tj ET Q q 0 0 0 rg BT 538.13 409.05 Td (during ) Tj ET Q q 0 0 0 rg BT 565.01 409.05 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 398.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 86.14 398.25 Td (period ) Tj ET Q q 0 0 0 rg BT 111.29 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.45 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.61 398.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 168.76 398.25 Td (period ) Tj ET Q q 0 0 0 rg BT 193.91 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.07 398.25 Td (which ) Tj ET Q q 0 0 0 rg BT 227.23 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.38 398.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 282.03 398.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 314.69 398.25 Td (are ) Tj ET Q q 0 0 0 rg BT 327.84 398.25 Td (determined. ) Tj ET Q q 0 0 0 rg BT 372.58 398.25 Td (The ) Tj ET Q q 0 0 0 rg BT 388.73 398.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 423.37 398.25 Td (further ) Tj ET Q q 0 0 0 rg BT 450.02 398.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 481.17 398.25 Td (that ) Tj ET Q q 0 0 0 rg BT 496.82 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.98 398.25 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 541.62 398.25 Td (record, ) Tj ET Q q 0 0 0 rg BT 569.01 398.25 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 387.45 Td (the ) Tj ET Q q 0 0 0 rg BT 49.18 387.45 Td (same ) Tj ET Q q 0 0 0 rg BT 69.85 387.45 Td (period) Tj ET Q q 0 0 0 rg BT 95.34 387.45 Td (s ) Tj ET Q q 0 0 0 rg BT 101.03 387.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.69 387.45 Td (statements, ) Tj ET Q q 0 0 0 rg BT 177.12 387.45 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 387.45 Td (ef) Tj ET Q q 0 0 0 rg BT 197.12 387.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 212.79 387.45 Td (on ) Tj ET Q q 0 0 0 rg BT 223.97 387.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 256.65 387.45 Td (of ) Tj ET Q q 0 0 0 rg BT 266.32 387.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 297.49 387.45 Td (in ) Tj ET Q q 0 0 0 rg BT 306.68 387.45 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 355.58 387.45 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 405.50 387.45 Td (or ) Tj ET Q q 0 0 0 rg BT 415.18 387.45 Td (other ) Tj ET Q q 0 0 0 rg BT 435.85 387.45 Td (income ) Tj ET Q q 0 0 0 rg BT 464.53 387.45 Td (ef) Tj ET Q q 0 0 0 rg BT 471.35 387.45 Td (fects, ) Tj ET Q q 0 0 0 rg BT 492.78 387.45 Td (if ) Tj ET Q q 0 0 0 rg BT 500.46 387.45 Td (any) Tj ET Q q 0 0 0 rg BT 512.87 387.45 Td (, ) Tj ET Q q 0 0 0 rg BT 517.30 387.45 Td (as ) Tj ET Q q 0 0 0 rg BT 526.98 387.45 Td (a ) Tj ET Q q 0 0 0 rg BT 533.15 387.45 Td (result ) Tj ET Q q 0 0 0 rg BT 555.33 387.45 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 387.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 376.65 Td (change ) Tj ET Q q 0 0 0 rg BT 63.77 376.65 Td (to ) Tj ET Q q 0 0 0 rg BT 73.06 376.65 Td (the ) Tj ET Q q 0 0 0 rg BT 86.35 376.65 Td (provisional ) Tj ET Q q 0 0 0 rg BT 129.13 376.65 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 164.17 376.65 Td (calculated ) Tj ET Q q 0 0 0 rg BT 202.94 376.65 Td (as ) Tj ET Q q 0 0 0 rg BT 212.72 376.65 Td (if ) Tj ET Q q 0 0 0 rg BT 220.51 376.65 Td (the ) Tj ET Q q 0 0 0 rg BT 233.79 376.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 275.57 376.65 Td (had ) Tj ET Q q 0 0 0 rg BT 290.85 376.65 Td (been ) Tj ET Q q 0 0 0 rg BT 310.13 376.65 Td (completed ) Tj ET Q q 0 0 0 rg BT 349.91 376.65 Td (at ) Tj ET Q q 0 0 0 rg BT 358.69 376.65 Td (the ) Tj ET Q q 0 0 0 rg BT 371.98 376.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 413.76 376.65 Td (date ) Tj ET Q q 0 0 0 rg BT 431.04 376.65 Td (and ) Tj ET Q q 0 0 0 rg BT 446.32 376.65 Td (present ) Tj ET Q q 0 0 0 rg BT 474.60 376.65 Td (separately ) Tj ET Q q 0 0 0 rg BT 513.37 376.65 Td (on ) Tj ET Q q 0 0 0 rg BT 524.66 376.65 Td (the ) Tj ET Q q 0 0 0 rg BT 537.94 376.65 Td (face ) Tj ET Q q 0 0 0 rg BT 555.21 376.65 Td (of ) Tj ET Q q 0 0 0 rg BT 565.00 376.65 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 365.85 Td (income ) Tj ET Q q 0 0 0 rg BT 64.81 365.85 Td (statement ) Tj ET Q q 0 0 0 rg BT 101.62 365.85 Td (or ) Tj ET Q q 0 0 0 rg BT 111.44 365.85 Td (disclose ) Tj ET Q q 0 0 0 rg BT 142.75 365.85 Td (in ) Tj ET Q q 0 0 0 rg BT 152.07 365.85 Td (the ) Tj ET Q q 0 0 0 rg BT 165.39 365.85 Td (notes ) Tj ET Q q 0 0 0 rg BT 186.71 365.85 Td (the ) Tj ET Q q 0 0 0 rg BT 200.02 365.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 228.34 365.85 Td (of ) Tj ET Q q 0 0 0 rg BT 238.16 365.85 Td (the ) Tj ET Q q 0 0 0 rg BT 251.47 365.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.79 365.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 314.59 365.85 Td (in ) Tj ET Q q 0 0 0 rg BT 323.91 365.85 Td (current-period ) Tj ET Q q 0 0 0 rg BT 377.70 365.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 410.51 365.85 Td (by ) Tj ET Q q 0 0 0 rg BT 421.83 365.85 Td (line ) Tj ET Q q 0 0 0 rg BT 437.65 365.85 Td (item ) Tj ET Q q 0 0 0 rg BT 455.96 365.85 Td (that ) Tj ET Q q 0 0 0 rg BT 471.78 365.85 Td (would ) Tj ET Q q 0 0 0 rg BT 496.60 365.85 Td (have ) Tj ET Q q 0 0 0 rg BT 515.91 365.85 Td (been ) Tj ET Q q 0 0 0 rg BT 535.22 365.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 569.02 365.85 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 355.05 Td (previous ) Tj ET Q q 0 0 0 rg BT 69.37 355.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 104.74 355.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 133.61 355.05 Td (if ) Tj ET Q q 0 0 0 rg BT 141.48 355.05 Td (the ) Tj ET Q q 0 0 0 rg BT 154.85 355.05 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 196.72 355.05 Td (to ) Tj ET Q q 0 0 0 rg BT 206.09 355.05 Td (the ) Tj ET Q q 0 0 0 rg BT 219.46 355.05 Td (provisional ) Tj ET Q q 0 0 0 rg BT 262.34 355.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 295.21 355.05 Td (had ) Tj ET Q q 0 0 0 rg BT 310.58 355.05 Td (been ) Tj ET Q q 0 0 0 rg BT 329.94 355.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 371.80 355.05 Td (as ) Tj ET Q q 0 0 0 rg BT 381.67 355.05 Td (of ) Tj ET Q q 0 0 0 rg BT 391.54 355.05 Td (the ) Tj ET Q q 0 0 0 rg BT 404.91 355.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 446.78 355.05 Td (date. ) Tj ET Q q 0 0 0 rg BT 466.22 355.05 Td (The ) Tj ET Q q 0 0 0 rg BT 482.59 355.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 517.45 355.05 Td (will ) Tj ET Q q 0 0 0 rg BT 533.83 355.05 Td (be ) Tj ET Q q 0 0 0 rg BT 544.70 355.05 Td (ef) Tj ET Q q 0 0 0 rg BT 551.53 355.05 Td (fective ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 344.25 Td (for ) Tj ET Q q 0 0 0 rg BT 48.83 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 70.66 344.25 Td (years ) Tj ET Q q 0 0 0 rg BT 91.98 344.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 130.32 344.25 Td (after ) Tj ET Q q 0 0 0 rg BT 149.14 344.25 Td (December ) Tj ET Q q 0 0 0 rg BT 188.45 344.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 202.04 344.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 224.62 344.25 Td (including ) Tj ET Q q 0 0 0 rg BT 260.96 344.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 289.29 344.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 318.12 344.25 Td (within ) Tj ET Q q 0 0 0 rg BT 343.46 344.25 Td (those ) Tj ET Q q 0 0 0 rg BT 364.79 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 386.62 344.25 Td (years ) Tj ET Q q 0 0 0 rg BT 407.94 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.27 344.25 Td (early ) Tj ET Q q 0 0 0 rg BT 443.60 344.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 477.43 344.25 Td (is ) Tj ET Q q 0 0 0 rg BT 485.77 344.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 524.68 344.25 Td (The ) Tj ET Q q 0 0 0 rg BT 541.01 344.25 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 333.45 Td (does ) Tj ET Q q 0 0 0 rg BT 54.75 333.45 Td (not ) Tj ET Q q 0 0 0 rg BT 68.50 333.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 94.23 333.45 Td (the ) Tj ET Q q 0 0 0 rg BT 107.48 333.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 141.22 333.45 Td (of ) Tj ET Q q 0 0 0 rg BT 150.97 333.45 Td (this ) Tj ET Q q 0 0 0 rg BT 166.22 333.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 198.96 333.45 Td (to ) Tj ET Q q 0 0 0 rg BT 208.21 333.45 Td (have ) Tj ET Q q 0 0 0 rg BT 227.45 333.45 Td (a ) Tj ET Q q 0 0 0 rg BT 233.70 333.45 Td (material ) Tj ET Q q 0 0 0 rg BT 265.43 333.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 292.17 333.45 Td (on ) Tj ET Q q 0 0 0 rg BT 303.42 333.45 Td (its ) Tj ET Q q 0 0 0 rg BT 314.17 333.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 361.91 333.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.64 333.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 435.88 333.45 Td (and ) Tj ET Q q 0 0 0 rg BT 451.13 333.45 Td (related ) Tj ET Q q 0 0 0 rg BT 477.86 333.45 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 305.85 Td (In ) Tj ET Q q 0 0 0 rg BT 45.27 305.85 Td (January ) Tj ET Q q 0 0 0 rg BT 75.03 305.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 97.05 305.85 Td (the ) Tj ET Q q 0 0 0 rg BT 109.81 305.85 Td (F) Tj ET Q q 0 0 0 rg BT 114.15 305.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 133.43 305.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 157.31 305.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 177.08 305.85 Td (2016-01, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.10 305.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 247.86 305.85 Td (InstrumentsOverall ) Tj ET Q q 0 0 0 rg BT 327.63 305.85 Td (\(Subtopic ) Tj ET Q q 0 0 0 rg BT 363.89 305.85 Td (825-10\): ) Tj ET Q q 0 0 0 rg BT 397.15 305.85 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 442.41 305.85 Td (and ) Tj ET Q q 0 0 0 rg BT 457.68 305.85 Td (Measur) Tj ET Q q 0 0 0 rg BT 484.84 305.85 Td (ement ) Tj ET Q q 0 0 0 rg BT 508.10 305.85 Td (of ) Tj ET Q q 0 0 0 rg BT 516.87 305.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 553.51 305.85 Td (Assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 295.05 Td (and ) Tj ET Q q 0 0 0 rg BT 51.23 295.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 87.96 295.05 Td (Liabilities, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.45 295.05 Td (which ) Tj ET Q q 0 0 0 rg BT 152.18 295.05 Td (made ) Tj ET Q q 0 0 0 rg BT 173.40 295.05 Td (tar) Tj ET Q q 0 0 0 rg BT 182.73 295.05 Td (geted ) Tj ET Q q 0 0 0 rg BT 203.96 295.05 Td (improvements ) Tj ET Q q 0 0 0 rg BT 257.18 295.05 Td (to ) Tj ET Q q 0 0 0 rg BT 265.92 295.05 Td (the ) Tj ET Q q 0 0 0 rg BT 278.64 295.05 Td (recognition ) Tj ET Q q 0 0 0 rg BT 321.37 295.05 Td (and ) Tj ET Q q 0 0 0 rg BT 336.09 295.05 Td (measurement ) Tj ET Q q 0 0 0 rg BT 385.81 295.05 Td (of ) Tj ET Q q 0 0 0 rg BT 395.04 295.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 428.25 295.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 450.99 295.05 Td (and ) Tj ET Q q 0 0 0 rg BT 465.71 295.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.93 295.05 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 536.28 295.05 Td (The ) Tj ET Q q 0 0 0 rg BT 552.01 295.05 Td (update ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 284.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 67.47 284.25 Td (how ) Tj ET Q q 0 0 0 rg BT 85.45 284.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 113.93 284.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 146.40 284.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 171.38 284.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 216.86 284.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.84 284.25 Td (do ) Tj ET Q q 0 0 0 rg BT 244.32 284.25 Td (not ) Tj ET Q q 0 0 0 rg BT 258.31 284.25 Td (result ) Tj ET Q q 0 0 0 rg BT 280.79 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.27 284.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 341.25 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.73 284.25 Td (are ) Tj ET Q q 0 0 0 rg BT 370.20 284.25 Td (not ) Tj ET Q q 0 0 0 rg BT 384.18 284.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 423.14 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 436.12 284.25 Td (under ) Tj ET Q q 0 0 0 rg BT 459.10 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.58 284.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 497.56 284.25 Td (method ) Tj ET Q q 0 0 0 rg BT 527.03 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.51 284.25 Td (how ) Tj ET Q q 0 0 0 rg BT 560.50 284.25 Td (they ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 273.45 Td (present ) Tj ET Q q 0 0 0 rg BT 64.20 273.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.40 273.45 Td (in ) Tj ET Q q 0 0 0 rg BT 104.62 273.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.83 273.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 132.53 273.45 Td (value ) Tj ET Q q 0 0 0 rg BT 154.23 273.45 Td (of ) Tj ET Q q 0 0 0 rg BT 163.94 273.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.64 273.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 233.35 273.45 Td (measured ) Tj ET Q q 0 0 0 rg BT 270.05 273.45 Td (under ) Tj ET Q q 0 0 0 rg BT 292.75 273.45 Td (the ) Tj ET Q q 0 0 0 rg BT 305.96 273.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.67 273.45 Td (value ) Tj ET Q q 0 0 0 rg BT 342.37 273.45 Td (option ) Tj ET Q q 0 0 0 rg BT 367.58 273.45 Td (that ) Tj ET Q q 0 0 0 rg BT 383.29 273.45 Td (are ) Tj ET Q q 0 0 0 rg BT 396.49 273.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 439.69 273.45 Td (to ) Tj ET Q q 0 0 0 rg BT 448.90 273.45 Td (their ) Tj ET Q q 0 0 0 rg BT 467.61 273.45 Td (own ) Tj ET Q q 0 0 0 rg BT 485.32 273.45 Td (credit. ) Tj ET Q q 0 0 0 rg BT 510.12 273.45 Td (The ) Tj ET Q q 0 0 0 rg BT 526.32 273.45 Td (new ) Tj ET Q q 0 0 0 rg BT 543.53 273.45 Td (guidance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 262.65 Td (also ) Tj ET Q q 0 0 0 rg BT 53.32 262.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 85.13 262.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 112.44 262.65 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 151.76 262.65 Td (requirements ) Tj ET Q q 0 0 0 rg BT 201.56 262.65 Td (and ) Tj ET Q q 0 0 0 rg BT 217.38 262.65 Td (other ) Tj ET Q q 0 0 0 rg BT 238.70 262.65 Td (aspects ) Tj ET Q q 0 0 0 rg BT 267.51 262.65 Td (of ) Tj ET Q q 0 0 0 rg BT 277.84 262.65 Td (current ) Tj ET Q q 0 0 0 rg BT 306.14 262.65 Td (US ) Tj ET Q q 0 0 0 rg BT 320.47 262.65 Td (GAAP) Tj ET Q q 0 0 0 rg BT 343.98 262.65 Td (. ) Tj ET Q q 0 0 0 rg BT 348.85 262.65 Td (The ) Tj ET Q q 0 0 0 rg BT 365.67 262.65 Td (guidance ) Tj ET Q q 0 0 0 rg BT 400.98 262.65 Td (will ) Tj ET Q q 0 0 0 rg BT 417.80 262.65 Td (be ) Tj ET Q q 0 0 0 rg BT 429.12 262.65 Td (ef) Tj ET Q q 0 0 0 rg BT 435.95 262.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 463.26 262.65 Td (for ) Tj ET Q q 0 0 0 rg BT 476.58 262.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 498.89 262.65 Td (years ) Tj ET Q q 0 0 0 rg BT 520.70 262.65 Td (beginning ) Tj ET Q q 0 0 0 rg BT 559.52 262.65 Td (after ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 251.85 Td (December ) Tj ET Q q 0 0 0 rg BT 75.35 251.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 88.97 251.85 Td (2017, ) Tj ET Q q 0 0 0 rg BT 111.59 251.85 Td (including ) Tj ET Q q 0 0 0 rg BT 147.96 251.85 Td (interim ) Tj ET Q q 0 0 0 rg BT 176.33 251.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 205.19 251.85 Td (within ) Tj ET Q q 0 0 0 rg BT 230.57 251.85 Td (those ) Tj ET Q q 0 0 0 rg BT 251.94 251.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 273.80 251.85 Td (years ) Tj ET Q q 0 0 0 rg BT 295.16 251.85 Td (and ) Tj ET Q q 0 0 0 rg BT 310.52 251.85 Td (early ) Tj ET Q q 0 0 0 rg BT 330.88 251.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 364.75 251.85 Td (is ) Tj ET Q q 0 0 0 rg BT 373.13 251.85 Td (permitted ) Tj ET Q q 0 0 0 rg BT 409.99 251.85 Td (in ) Tj ET Q q 0 0 0 rg BT 419.36 251.85 Td (some ) Tj ET Q q 0 0 0 rg BT 440.73 251.85 Td (cases. ) Tj ET Q q 0 0 0 rg BT 464.17 251.85 Td (The ) Tj ET Q q 0 0 0 rg BT 480.53 251.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 517.90 251.85 Td (is ) Tj ET Q q 0 0 0 rg BT 526.28 251.85 Td (in ) Tj ET Q q 0 0 0 rg BT 535.65 251.85 Td (the ) Tj ET Q q 0 0 0 rg BT 549.02 251.85 Td (process ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 241.05 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 241.05 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 85.48 241.05 Td (the ) Tj ET Q q 0 0 0 rg BT 98.73 241.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 125.47 241.05 Td (of ) Tj ET Q q 0 0 0 rg BT 135.22 241.05 Td (this ) Tj ET Q q 0 0 0 rg BT 150.47 241.05 Td (standard ) Tj ET Q q 0 0 0 rg BT 183.21 241.05 Td (update ) Tj ET Q q 0 0 0 rg BT 209.45 241.05 Td (on ) Tj ET Q q 0 0 0 rg BT 220.70 241.05 Td (its ) Tj ET Q q 0 0 0 rg BT 231.45 241.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 279.19 241.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 312.92 241.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 353.16 241.05 Td (and ) Tj ET Q q 0 0 0 rg BT 368.41 241.05 Td (related ) Tj ET Q q 0 0 0 rg BT 395.14 241.05 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 213.45 Td (In ) Tj ET Q q 0 0 0 rg BT 45.45 213.45 Td (February ) Tj ET Q q 0 0 0 rg BT 79.89 213.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 102.09 213.45 Td (the ) Tj ET Q q 0 0 0 rg BT 115.04 213.45 Td (F) Tj ET Q q 0 0 0 rg BT 119.38 213.45 Td (ASB ) Tj ET Q q 0 0 0 rg BT 138.84 213.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 162.86 213.45 Td (ASU ) Tj ET Q q 0 0 0 rg BT 182.81 213.45 Td (2016-02, ) Tj ET Q q 0 0 0 rg BT 217.01 213.45 Td (Leases ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.45 213.45 Td (\(T) Tj ET Q q 0 0 0 rg BT 250.63 213.45 Td (opic ) Tj ET Q q 0 0 0 rg BT 268.08 213.45 Td (842\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.57 213.45 Td (. ) Tj ET Q q 0 0 0 rg BT 288.63 213.45 Td (The ) Tj ET Q q 0 0 0 rg BT 304.58 213.45 Td (update ) Tj ET Q q 0 0 0 rg BT 330.52 213.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 361.46 213.45 Td (an ) Tj ET Q q 0 0 0 rg BT 371.91 213.45 Td (entity ) Tj ET Q q 0 0 0 rg BT 394.35 213.45 Td (to ) Tj ET Q q 0 0 0 rg BT 403.31 213.45 Td (recognize ) Tj ET Q q 0 0 0 rg BT 440.23 213.45 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 484.67 213.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.62 213.45 Td (and ) Tj ET Q q 0 0 0 rg BT 522.57 213.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 542.51 213.45 Td (liabilities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 202.65 Td (on ) Tj ET Q q 0 0 0 rg BT 47.25 202.65 Td (its ) Tj ET Q q 0 0 0 rg BT 58.01 202.65 Td (balance ) Tj ET Q q 0 0 0 rg BT 87.75 202.65 Td (sheet ) Tj ET Q q 0 0 0 rg BT 108.49 202.65 Td (and ) Tj ET Q q 0 0 0 rg BT 123.74 202.65 Td (disclose ) Tj ET Q q 0 0 0 rg BT 154.99 202.65 Td (key ) Tj ET Q q 0 0 0 rg BT 170.24 202.65 Td (information ) Tj ET Q q 0 0 0 rg BT 214.98 202.65 Td (about ) Tj ET Q q 0 0 0 rg BT 237.23 202.65 Td (leasing ) Tj ET Q q 0 0 0 rg BT 264.98 202.65 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 317.96 202.65 Td (It ) Tj ET Q q 0 0 0 rg BT 325.71 202.65 Td (also ) Tj ET Q q 0 0 0 rg BT 342.47 202.65 Td (of) Tj ET Q q 0 0 0 rg BT 349.80 202.65 Td (fers ) Tj ET Q q 0 0 0 rg BT 365.55 202.65 Td (specific ) Tj ET Q q 0 0 0 rg BT 395.78 202.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 437.52 202.65 Td (guidance ) Tj ET Q q 0 0 0 rg BT 472.26 202.65 Td (for ) Tj ET Q q 0 0 0 rg BT 485.01 202.65 Td (a ) Tj ET Q q 0 0 0 rg BT 491.26 202.65 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 517.25 202.65 Td (a ) Tj ET Q q 0 0 0 rg BT 523.50 202.65 Td (lessor ) Tj ET Q q 0 0 0 rg BT 546.75 202.65 Td (and ) Tj ET Q q 0 0 0 rg BT 562.00 202.65 Td (sale ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 191.85 Td (and ) Tj ET Q q 0 0 0 rg BT 51.10 191.85 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 88.18 191.85 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 135.52 191.85 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 165.61 191.85 Td (and ) Tj ET Q q 0 0 0 rg BT 180.71 191.85 Td (lessors ) Tj ET Q q 0 0 0 rg BT 207.31 191.85 Td (are ) Tj ET Q q 0 0 0 rg BT 220.40 191.85 Td (required ) Tj ET Q q 0 0 0 rg BT 252.49 191.85 Td (to ) Tj ET Q q 0 0 0 rg BT 261.59 191.85 Td (disclose ) Tj ET Q q 0 0 0 rg BT 292.69 191.85 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 332.78 191.85 Td (and ) Tj ET Q q 0 0 0 rg BT 347.87 191.85 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 392.46 191.85 Td (information ) Tj ET Q q 0 0 0 rg BT 437.06 191.85 Td (about ) Tj ET Q q 0 0 0 rg BT 459.16 191.85 Td (leasing ) Tj ET Q q 0 0 0 rg BT 486.75 191.85 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 537.33 191.85 Td (to ) Tj ET Q q 0 0 0 rg BT 546.43 191.85 Td (enable ) Tj ET Q q 0 0 0 rg BT 572.02 191.85 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 181.05 Td (user ) Tj ET Q q 0 0 0 rg BT 53.14 181.05 Td (of ) Tj ET Q q 0 0 0 rg BT 62.78 181.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.92 181.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.55 181.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 149.69 181.05 Td (to ) Tj ET Q q 0 0 0 rg BT 158.83 181.05 Td (assess ) Tj ET Q q 0 0 0 rg BT 182.98 181.05 Td (the ) Tj ET Q q 0 0 0 rg BT 196.12 181.05 Td (amount, ) Tj ET Q q 0 0 0 rg BT 227.51 181.05 Td (timing ) Tj ET Q q 0 0 0 rg BT 253.16 181.05 Td (and ) Tj ET Q q 0 0 0 rg BT 268.30 181.05 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 310.92 181.05 Td (of ) Tj ET Q q 0 0 0 rg BT 320.57 181.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 338.70 181.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 360.85 181.05 Td (arising ) Tj ET Q q 0 0 0 rg BT 387.49 181.05 Td (from ) Tj ET Q q 0 0 0 rg BT 407.13 181.05 Td (leases. ) Tj ET Q q 0 0 0 rg BT 432.86 181.05 Td (The ) Tj ET Q q 0 0 0 rg BT 449.00 181.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 483.63 181.05 Td (will ) Tj ET Q q 0 0 0 rg BT 499.77 181.05 Td (be ) Tj ET Q q 0 0 0 rg BT 510.41 181.05 Td (ef) Tj ET Q q 0 0 0 rg BT 517.24 181.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 543.87 181.05 Td (for ) Tj ET Q q 0 0 0 rg BT 556.51 181.05 Td (fiscal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 170.25 Td (years ) Tj ET Q q 0 0 0 rg BT 57.49 170.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 95.99 170.25 Td (after ) Tj ET Q q 0 0 0 rg BT 114.98 170.25 Td (December ) Tj ET Q q 0 0 0 rg BT 154.46 170.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 168.21 170.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 190.97 170.25 Td (including ) Tj ET Q q 0 0 0 rg BT 227.47 170.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 255.96 170.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 284.96 170.25 Td (within ) Tj ET Q q 0 0 0 rg BT 310.47 170.25 Td (those ) Tj ET Q q 0 0 0 rg BT 331.97 170.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 353.96 170.25 Td (years ) Tj ET Q q 0 0 0 rg BT 375.46 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.95 170.25 Td (early ) Tj ET Q q 0 0 0 rg BT 411.45 170.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 445.44 170.25 Td (is ) Tj ET Q q 0 0 0 rg BT 453.95 170.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 493.01 170.25 Td (The ) Tj ET Q q 0 0 0 rg BT 509.51 170.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.01 170.25 Td (is ) Tj ET Q q 0 0 0 rg BT 555.52 170.25 Td (in ) Tj ET Q q 0 0 0 rg BT 565.02 170.25 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 159.45 Td (process ) Tj ET Q q 0 0 0 rg BT 65.24 159.45 Td (of ) Tj ET Q q 0 0 0 rg BT 74.99 159.45 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 114.72 159.45 Td (the ) Tj ET Q q 0 0 0 rg BT 127.97 159.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 154.71 159.45 Td (of ) Tj ET Q q 0 0 0 rg BT 164.46 159.45 Td (this ) Tj ET Q q 0 0 0 rg BT 179.71 159.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 212.45 159.45 Td (update ) Tj ET Q q 0 0 0 rg BT 238.69 159.45 Td (on ) Tj ET Q q 0 0 0 rg BT 249.94 159.45 Td (its ) Tj ET Q q 0 0 0 rg BT 260.69 159.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 308.43 159.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.16 159.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 382.40 159.45 Td (and ) Tj ET Q q 0 0 0 rg BT 397.65 159.45 Td (related ) Tj ET Q q 0 0 0 rg BT 424.38 159.45 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.85 Td (In ) Tj ET Q q 0 0 0 rg BT 46.12 131.85 Td (March ) Tj ET Q q 0 0 0 rg BT 72.23 131.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 95.11 131.85 Td (the ) Tj ET Q q 0 0 0 rg BT 108.73 131.85 Td (F) Tj ET Q q 0 0 0 rg BT 113.06 131.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 133.19 131.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 157.74 131.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 178.37 131.85 Td (2016-07, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 213.24 131.85 Td (Investments-Equity ) Tj ET Q q 0 0 0 rg BT 284.84 131.85 Td (Method ) Tj ET Q q 0 0 0 rg BT 314.95 131.85 Td (and ) Tj ET Q q 0 0 0 rg BT 331.08 131.85 Td (Joint ) Tj ET Q q 0 0 0 rg BT 351.70 131.85 Td (V) Tj ET Q q 0 0 0 rg BT 356.20 131.85 Td (entur) Tj ET Q q 0 0 0 rg BT 374.86 131.85 Td (es ) Tj ET Q q 0 0 0 rg BT 384.98 131.85 Td (\(T) Tj ET Q q 0 0 0 rg BT 392.16 131.85 Td (opic ) Tj ET Q q 0 0 0 rg BT 410.27 131.85 Td (323\): ) Tj ET Q q 0 0 0 rg BT 432.39 131.85 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 476.01 131.85 Td (the ) Tj ET Q q 0 0 0 rg BT 489.63 131.85 Td (T) Tj ET Q q 0 0 0 rg BT 494.14 131.85 Td (ransition ) Tj ET Q q 0 0 0 rg BT 529.27 131.85 Td (to ) Tj ET Q q 0 0 0 rg BT 538.89 131.85 Td (the ) Tj ET Q q 0 0 0 rg BT 552.51 131.85 Td (Equity ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 121.05 Td (Method ) Tj ET Q q 0 0 0 rg BT 65.53 121.05 Td (of ) Tj ET Q q 0 0 0 rg BT 74.42 121.05 Td (Accounting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.66 121.05 Td ( ) Tj ET Q q 0 0 0 rg BT 119.55 121.05 Td (The ) Tj ET Q q 0 0 0 rg BT 135.58 121.05 Td (update ) Tj ET Q q 0 0 0 rg BT 161.61 121.05 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 200.63 121.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.67 121.05 Td (requirement ) Tj ET Q q 0 0 0 rg BT 259.19 121.05 Td (that ) Tj ET Q q 0 0 0 rg BT 274.72 121.05 Td (an ) Tj ET Q q 0 0 0 rg BT 285.25 121.05 Td (investor ) Tj ET Q q 0 0 0 rg BT 316.29 121.05 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 371.80 121.05 Td (apply ) Tj ET Q q 0 0 0 rg BT 393.83 121.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.37 121.05 Td (method ) Tj ET Q q 0 0 0 rg BT 447.40 121.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 488.92 121.05 Td (when ) Tj ET Q q 0 0 0 rg BT 510.46 121.05 Td (an ) Tj ET Q q 0 0 0 rg BT 520.99 121.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 562.52 121.05 Td (that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 110.25 Td (it ) Tj ET Q q 0 0 0 rg BT 43.45 110.25 Td (had ) Tj ET Q q 0 0 0 rg BT 58.89 110.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 97.82 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 110.76 110.25 Td (by ) Tj ET Q q 0 0 0 rg BT 122.21 110.25 Td (another ) Tj ET Q q 0 0 0 rg BT 151.65 110.25 Td (method ) Tj ET Q q 0 0 0 rg BT 181.09 110.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 211.54 110.25 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 244.98 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.92 110.25 Td (use ) Tj ET Q q 0 0 0 rg BT 272.37 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.31 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.76 110.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 320.70 110.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 352.22 110.25 Td (The ) Tj ET Q q 0 0 0 rg BT 368.66 110.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 403.59 110.25 Td (will ) Tj ET Q q 0 0 0 rg BT 420.04 110.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.98 110.25 Td (ef) Tj ET Q q 0 0 0 rg BT 437.81 110.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 464.74 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.69 110.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 499.63 110.25 Td (years ) Tj ET Q q 0 0 0 rg BT 521.06 110.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 559.51 110.25 Td (after ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 99.45 Td (December ) Tj ET Q q 0 0 0 rg BT 75.20 99.45 Td (15, ) Tj ET Q q 0 0 0 rg BT 88.68 99.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 111.16 99.45 Td (including ) Tj ET Q q 0 0 0 rg BT 147.39 99.45 Td (interim ) Tj ET Q q 0 0 0 rg BT 175.61 99.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 204.33 99.45 Td (within ) Tj ET Q q 0 0 0 rg BT 229.56 99.45 Td (those ) Tj ET Q q 0 0 0 rg BT 250.79 99.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 272.51 99.45 Td (years ) Tj ET Q q 0 0 0 rg BT 293.73 99.45 Td (and ) Tj ET Q q 0 0 0 rg BT 308.95 99.45 Td (early ) Tj ET Q q 0 0 0 rg BT 329.17 99.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 362.89 99.45 Td (is ) Tj ET Q q 0 0 0 rg BT 371.12 99.45 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 409.93 99.45 Td (The ) Tj ET Q q 0 0 0 rg BT 426.15 99.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.38 99.45 Td (does ) Tj ET Q q 0 0 0 rg BT 482.10 99.45 Td (not ) Tj ET Q q 0 0 0 rg BT 495.83 99.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 521.55 99.45 Td (the ) Tj ET Q q 0 0 0 rg BT 534.77 99.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 568.50 99.45 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 88.65 Td (this ) Tj ET Q q 0 0 0 rg BT 51.25 88.65 Td (standard ) Tj ET Q q 0 0 0 rg BT 83.99 88.65 Td (to ) Tj ET Q q 0 0 0 rg BT 93.24 88.65 Td (have ) Tj ET Q q 0 0 0 rg BT 112.48 88.65 Td (a ) Tj ET Q q 0 0 0 rg BT 118.73 88.65 Td (material ) Tj ET Q q 0 0 0 rg BT 150.46 88.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 177.20 88.65 Td (on ) Tj ET Q q 0 0 0 rg BT 188.45 88.65 Td (its ) Tj ET Q q 0 0 0 rg BT 199.20 88.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.94 88.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.67 88.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 320.92 88.65 Td (and ) Tj ET Q q 0 0 0 rg BT 336.16 88.65 Td (related ) Tj ET Q q 0 0 0 rg BT 362.89 88.65 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.05 Td (In ) Tj ET Q q 0 0 0 rg BT 45.23 61.05 Td (March ) Tj ET Q q 0 0 0 rg BT 70.45 61.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 92.43 61.05 Td (the ) Tj ET Q q 0 0 0 rg BT 105.15 61.05 Td (F) Tj ET Q q 0 0 0 rg BT 109.49 61.05 Td (ASB ) Tj ET Q q 0 0 0 rg BT 128.73 61.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 152.58 61.05 Td (ASU ) Tj ET Q q 0 0 0 rg BT 172.31 61.05 Td (2016-08, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.29 61.05 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 238.50 61.05 Td (fr) Tj ET Q q 0 0 0 rg BT 244.17 61.05 Td (om ) Tj ET Q q 0 0 0 rg BT 256.90 61.05 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 294.13 61.05 Td (with ) Tj ET Q q 0 0 0 rg BT 311.36 61.05 Td (Customers ) Tj ET Q q 0 0 0 rg BT 351.60 61.05 Td (\(T) Tj ET Q q 0 0 0 rg BT 358.77 61.05 Td (opic ) Tj ET Q q 0 0 0 rg BT 376.00 61.05 Td (606\): ) Tj ET Q q 0 0 0 rg BT 397.23 61.05 Td (Principal ) Tj ET Q q 0 0 0 rg BT 432.95 61.05 Td (versus ) Tj ET Q q 0 0 0 rg BT 457.55 61.05 Td (Agent ) Tj ET Q q 0 0 0 rg BT 480.28 61.05 Td (Considerations ) Tj ET Q q 0 0 0 rg BT 537.01 61.05 Td (\(Reporting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 50.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 68.87 50.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 78.53 50.25 Td (oss ) Tj ET Q q 0 0 0 rg BT 92.43 50.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 117.81 50.25 Td (Net\).) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.56 50.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.78 50.25 Td (The ) Tj ET Q q 0 0 0 rg BT 154.16 50.25 Td (update ) Tj ET Q q 0 0 0 rg BT 180.54 50.25 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 211.91 50.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 246.29 50.25 Td (vs ) Tj ET Q q 0 0 0 rg BT 256.68 50.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 278.56 50.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 320.43 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.32 50.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.70 50.25 Td (new ) Tj ET Q q 0 0 0 rg BT 361.09 50.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 391.96 50.25 Td (standard. ) Tj ET Q q 0 0 0 rg BT 426.91 50.25 Td (The ) Tj ET Q q 0 0 0 rg BT 443.30 50.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 478.17 50.25 Td (will ) Tj ET Q q 0 0 0 rg BT 494.56 50.25 Td (be ) Tj ET Q q 0 0 0 rg BT 505.45 50.25 Td (ef) Tj ET Q q 0 0 0 rg BT 512.27 50.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 539.15 50.25 Td (for ) Tj ET Q q 0 0 0 rg BT 552.03 50.25 Td (annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 39.45 Td (and ) Tj ET Q q 0 0 0 rg BT 51.13 39.45 Td (interim ) Tj ET Q q 0 0 0 rg BT 79.26 39.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 107.90 39.45 Td (beginning ) Tj ET Q q 0 0 0 rg BT 146.03 39.45 Td (after ) Tj ET Q q 0 0 0 rg BT 164.65 39.45 Td (December ) Tj ET Q q 0 0 0 rg BT 203.77 39.45 Td (15, ) Tj ET Q q 0 0 0 rg BT 217.16 39.45 Td (2017, ) Tj ET Q q 0 0 0 rg BT 239.54 39.45 Td (and ) Tj ET Q q 0 0 0 rg BT 254.68 39.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 273.81 39.45 Td (be ) Tj ET Q q 0 0 0 rg BT 284.45 39.45 Td (applied, ) Tj ET Q q 0 0 0 rg BT 315.32 39.45 Td (at ) Tj ET Q q 0 0 0 rg BT 323.96 39.45 Td (the ) Tj ET Q q 0 0 0 rg BT 337.09 39.45 Td (Company) Tj ET Q q 0 0 0 rg BT 374.59 39.45 Td (s ) Tj ET Q q 0 0 0 rg BT 380.23 39.45 Td (option, ) Tj ET Q q 0 0 0 rg BT 407.62 39.45 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 463.23 39.45 Td (to ) Tj ET Q q 0 0 0 rg BT 472.37 39.45 Td (each ) Tj ET Q q 0 0 0 rg BT 490.99 39.45 Td (period ) Tj ET Q q 0 0 0 rg BT 516.13 39.45 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.75 39.45 Td (or ) Tj ET Q q 0 0 0 rg BT 562.38 39.45 Td (as ) Tj ET Q q 0 0 0 rg BT 572.02 39.45 Td (a ) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 85.81 749.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.08 749.80 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 142.36 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 151.64 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 160.92 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 173.69 749.80 Td (date ) Tj ET Q q 0 0 0 rg BT 190.46 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 199.74 749.80 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 235.27 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 237.05 749.80 Td (Early ) Tj ET Q q 0 0 0 rg BT 258.33 749.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 291.60 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 299.39 749.80 Td (not ) Tj ET Q q 0 0 0 rg BT 312.67 749.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 348.94 749.80 Td (until ) Tj ET Q q 0 0 0 rg BT 367.23 749.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 395.50 749.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 433.28 749.80 Td (after ) Tj ET Q q 0 0 0 rg BT 451.55 749.80 Td (December ) Tj ET Q q 0 0 0 rg BT 490.30 749.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 503.34 749.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 525.24 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 541.01 749.80 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 53.50 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 66.75 739.00 Td (process ) Tj ET Q q 0 0 0 rg BT 95.99 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 105.74 739.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 145.47 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.72 739.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 185.46 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 195.21 739.00 Td (this ) Tj ET Q q 0 0 0 rg BT 210.46 739.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 243.20 739.00 Td (update ) Tj ET Q q 0 0 0 rg BT 269.44 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 280.69 739.00 Td (its ) Tj ET Q q 0 0 0 rg BT 291.44 739.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 339.18 739.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.91 739.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 413.15 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.40 739.00 Td (related ) Tj ET Q q 0 0 0 rg BT 455.13 739.00 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (In ) Tj ET Q q 0 0 0 rg BT 46.30 711.40 Td (March ) Tj ET Q q 0 0 0 rg BT 72.59 711.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 95.65 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 109.45 711.40 Td (F) Tj ET Q q 0 0 0 rg BT 113.78 711.40 Td (ASB ) Tj ET Q q 0 0 0 rg BT 134.09 711.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 158.78 711.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 179.59 711.40 Td (2016-09, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.64 711.40 Td (Compensation-Stock ) Tj ET Q q 0 0 0 rg BT 291.93 711.40 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 346.73 711.40 Td (\(T) Tj ET Q q 0 0 0 rg BT 353.91 711.40 Td (opic ) Tj ET Q q 0 0 0 rg BT 372.21 711.40 Td (718\): ) Tj ET Q q 0 0 0 rg BT 394.51 711.40 Td (Impr) Tj ET Q q 0 0 0 rg BT 411.67 711.40 Td (ovements ) Tj ET Q q 0 0 0 rg BT 447.96 711.40 Td (to ) Tj ET Q q 0 0 0 rg BT 457.77 711.40 Td (Employee ) Tj ET Q q 0 0 0 rg BT 496.05 711.40 Td (Shar) Tj ET Q q 0 0 0 rg BT 512.72 711.40 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 544.51 711.40 Td (Payment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (Accounting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.24 700.60 Td ( ) Tj ET Q q 0 0 0 rg BT 81.33 700.60 Td (The ) Tj ET Q q 0 0 0 rg BT 97.59 700.60 Td (update ) Tj ET Q q 0 0 0 rg BT 123.84 700.60 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 161.59 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.85 700.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 216.59 700.60 Td (for ) Tj ET Q q 0 0 0 rg BT 229.35 700.60 Td (share ) Tj ET Q q 0 0 0 rg BT 250.60 700.60 Td (based ) Tj ET Q q 0 0 0 rg BT 273.35 700.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 306.60 700.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 353.93 700.60 Td (The ) Tj ET Q q 0 0 0 rg BT 370.18 700.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 404.93 700.60 Td (will ) Tj ET Q q 0 0 0 rg BT 421.19 700.60 Td (be ) Tj ET Q q 0 0 0 rg BT 431.94 700.60 Td (ef) Tj ET Q q 0 0 0 rg BT 438.77 700.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 465.51 700.60 Td (for ) Tj ET Q q 0 0 0 rg BT 478.27 700.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 500.02 700.60 Td (years ) Tj ET Q q 0 0 0 rg BT 521.27 700.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 559.52 700.60 Td (after ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (December ) Tj ET Q q 0 0 0 rg BT 75.20 689.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 88.68 689.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 111.16 689.80 Td (including ) Tj ET Q q 0 0 0 rg BT 147.39 689.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 175.61 689.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 204.33 689.80 Td (within ) Tj ET Q q 0 0 0 rg BT 229.56 689.80 Td (those ) Tj ET Q q 0 0 0 rg BT 250.79 689.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 272.51 689.80 Td (years ) Tj ET Q q 0 0 0 rg BT 293.73 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 308.95 689.80 Td (early ) Tj ET Q q 0 0 0 rg BT 329.17 689.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 362.89 689.80 Td (is ) Tj ET Q q 0 0 0 rg BT 371.12 689.80 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 409.93 689.80 Td (The ) Tj ET Q q 0 0 0 rg BT 426.15 689.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.38 689.80 Td (does ) Tj ET Q q 0 0 0 rg BT 482.10 689.80 Td (not ) Tj ET Q q 0 0 0 rg BT 495.83 689.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 521.55 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 534.77 689.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 568.50 689.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (this ) Tj ET Q q 0 0 0 rg BT 51.25 679.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 83.99 679.00 Td (to ) Tj ET Q q 0 0 0 rg BT 93.24 679.00 Td (have ) Tj ET Q q 0 0 0 rg BT 112.48 679.00 Td (a ) Tj ET Q q 0 0 0 rg BT 118.73 679.00 Td (material ) Tj ET Q q 0 0 0 rg BT 150.46 679.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 177.20 679.00 Td (on ) Tj ET Q q 0 0 0 rg BT 188.45 679.00 Td (its ) Tj ET Q q 0 0 0 rg BT 199.20 679.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.94 679.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.67 679.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 320.92 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 336.16 679.00 Td (related ) Tj ET Q q 0 0 0 rg BT 362.89 679.00 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 651.40 Td (In ) Tj ET Q q 0 0 0 rg BT 44.74 651.40 Td (April ) Tj ET Q q 0 0 0 rg BT 65.33 651.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 87.18 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 99.77 651.40 Td (F) Tj ET Q q 0 0 0 rg BT 104.11 651.40 Td (ASB ) Tj ET Q q 0 0 0 rg BT 123.21 651.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.96 651.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 166.56 651.40 Td (2016-10, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.40 651.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 232.47 651.40 Td (fr) Tj ET Q q 0 0 0 rg BT 238.14 651.40 Td (om ) Tj ET Q q 0 0 0 rg BT 250.74 651.40 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 287.84 651.40 Td (with ) Tj ET Q q 0 0 0 rg BT 304.94 651.40 Td (Customers ) Tj ET Q q 0 0 0 rg BT 345.04 651.40 Td (\(T) Tj ET Q q 0 0 0 rg BT 352.22 651.40 Td (opic ) Tj ET Q q 0 0 0 rg BT 369.31 651.40 Td (606\): ) Tj ET Q q 0 0 0 rg BT 390.40 651.40 Td (Identifying ) Tj ET Q q 0 0 0 rg BT 430.98 651.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 479.56 651.40 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 523.66 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 538.76 651.40 Td (Licensing.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.43 640.60 Td (update ) Tj ET Q q 0 0 0 rg BT 78.86 640.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 108.79 640.60 Td (more ) Tj ET Q q 0 0 0 rg BT 129.71 640.60 Td (clarification ) Tj ET Q q 0 0 0 rg BT 175.63 640.60 Td (about ) Tj ET Q q 0 0 0 rg BT 198.06 640.60 Td (identifying ) Tj ET Q q 0 0 0 rg BT 239.99 640.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 287.90 640.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 330.33 640.60 Td (and ) Tj ET Q q 0 0 0 rg BT 345.76 640.60 Td (licensing. ) Tj ET Q q 0 0 0 rg BT 382.77 640.60 Td (The ) Tj ET Q q 0 0 0 rg BT 399.20 640.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 434.12 640.60 Td (will ) Tj ET Q q 0 0 0 rg BT 450.56 640.60 Td (be ) Tj ET Q q 0 0 0 rg BT 461.49 640.60 Td (ef) Tj ET Q q 0 0 0 rg BT 468.32 640.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 495.24 640.60 Td (for ) Tj ET Q q 0 0 0 rg BT 508.17 640.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 534.59 640.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.03 640.60 Td (interim ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 64.55 629.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 102.60 629.80 Td (after ) Tj ET Q q 0 0 0 rg BT 121.13 629.80 Td (December ) Tj ET Q q 0 0 0 rg BT 160.16 629.80 Td (15, ) Tj ET Q q 0 0 0 rg BT 173.47 629.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 195.77 629.80 Td (and ) Tj ET Q q 0 0 0 rg BT 210.82 629.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 229.87 629.80 Td (be ) Tj ET Q q 0 0 0 rg BT 240.42 629.80 Td (applied, ) Tj ET Q q 0 0 0 rg BT 271.21 629.80 Td (at ) Tj ET Q q 0 0 0 rg BT 279.76 629.80 Td (the ) Tj ET Q q 0 0 0 rg BT 292.81 629.80 Td (Company) Tj ET Q q 0 0 0 rg BT 330.30 629.80 Td (s ) Tj ET Q q 0 0 0 rg BT 335.86 629.80 Td (option, ) Tj ET Q q 0 0 0 rg BT 363.16 629.80 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 418.69 629.80 Td (to ) Tj ET Q q 0 0 0 rg BT 427.75 629.80 Td (each ) Tj ET Q q 0 0 0 rg BT 446.29 629.80 Td (period ) Tj ET Q q 0 0 0 rg BT 471.33 629.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 507.87 629.80 Td (or ) Tj ET Q q 0 0 0 rg BT 517.42 629.80 Td (as ) Tj ET Q q 0 0 0 rg BT 526.97 629.80 Td (a ) Tj ET Q q 0 0 0 rg BT 533.02 629.80 Td (cumulative-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.00 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 619.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 58.65 619.00 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 100.47 619.00 Td (as ) Tj ET Q q 0 0 0 rg BT 110.29 619.00 Td (of ) Tj ET Q q 0 0 0 rg BT 120.12 619.00 Td (the ) Tj ET Q q 0 0 0 rg BT 133.44 619.00 Td (date ) Tj ET Q q 0 0 0 rg BT 150.76 619.00 Td (of ) Tj ET Q q 0 0 0 rg BT 160.59 619.00 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 196.66 619.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.99 619.00 Td (Early ) Tj ET Q q 0 0 0 rg BT 220.81 619.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 254.64 619.00 Td (is ) Tj ET Q q 0 0 0 rg BT 262.97 619.00 Td (not ) Tj ET Q q 0 0 0 rg BT 276.80 619.00 Td (permitted ) Tj ET Q q 0 0 0 rg BT 313.62 619.00 Td (until ) Tj ET Q q 0 0 0 rg BT 332.45 619.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 361.27 619.00 Td (beginning ) Tj ET Q q 0 0 0 rg BT 399.59 619.00 Td (after ) Tj ET Q q 0 0 0 rg BT 418.41 619.00 Td (December ) Tj ET Q q 0 0 0 rg BT 457.71 619.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 471.29 619.00 Td (2016. ) Tj ET Q q 0 0 0 rg BT 493.70 619.00 Td (The ) Tj ET Q q 0 0 0 rg BT 510.02 619.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.35 619.00 Td (is ) Tj ET Q q 0 0 0 rg BT 555.68 619.00 Td (in ) Tj ET Q q 0 0 0 rg BT 565.01 619.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 608.20 Td (process ) Tj ET Q q 0 0 0 rg BT 65.24 608.20 Td (of ) Tj ET Q q 0 0 0 rg BT 74.99 608.20 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 114.72 608.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.97 608.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 154.71 608.20 Td (of ) Tj ET Q q 0 0 0 rg BT 164.46 608.20 Td (this ) Tj ET Q q 0 0 0 rg BT 179.71 608.20 Td (standard ) Tj ET Q q 0 0 0 rg BT 212.45 608.20 Td (update ) Tj ET Q q 0 0 0 rg BT 238.69 608.20 Td (on ) Tj ET Q q 0 0 0 rg BT 249.94 608.20 Td (its ) Tj ET Q q 0 0 0 rg BT 260.69 608.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 308.43 608.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.16 608.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 382.40 608.20 Td (and ) Tj ET Q q 0 0 0 rg BT 397.65 608.20 Td (related ) Tj ET Q q 0 0 0 rg BT 424.38 608.20 Td (disclosures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 579.40 Td (Note 3 Segment information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 550.60 Td (Operating segments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 536.80 Td (e ) Tj ET Q q 0 0 0 rg BT 50.42 536.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 80.55 536.80 Td (harsh ) Tj ET Q q 0 0 0 rg BT 102.69 536.80 Td (environment ) Tj ET Q q 0 0 0 rg BT 150.83 536.80 Td (of) Tj ET Q q 0 0 0 rg BT 158.16 536.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 183.30 536.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 212.45 536.80 Td (services ) Tj ET Q q 0 0 0 rg BT 244.08 536.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.73 536.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.37 536.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.52 536.80 Td (and ) Tj ET Q q 0 0 0 rg BT 295.16 536.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 309.80 536.80 Td (industry) Tj ET Q q 0 0 0 rg BT 338.72 536.80 Td (. ) Tj ET Q q 0 0 0 rg BT 343.42 536.80 Td (The ) Tj ET Q q 0 0 0 rg BT 360.06 536.80 Td (Company) Tj ET Q q 0 0 0 rg BT 397.56 536.80 Td (s ) Tj ET Q q 0 0 0 rg BT 403.71 536.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 451.82 536.80 Td (is ) Tj ET Q q 0 0 0 rg BT 460.47 536.80 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 496.10 536.80 Td (by ) Tj ET Q q 0 0 0 rg BT 507.75 536.80 Td (the ) Tj ET Q q 0 0 0 rg BT 521.39 536.80 Td (chief ) Tj ET Q q 0 0 0 rg BT 542.02 536.80 Td (operating ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.00 Td (decision ) Tj ET Q q 0 0 0 rg BT 68.24 526.00 Td (maker ) Tj ET Q q 0 0 0 rg BT 92.98 526.00 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.73 526.00 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.72 526.00 Td ( ) Tj ET Q q 0 0 0 rg BT 117.97 526.00 Td (single ) Tj ET Q q 0 0 0 rg BT 141.72 526.00 Td (business ) Tj ET Q q 0 0 0 rg BT 174.47 526.00 Td (segment, ) Tj ET Q q 0 0 0 rg BT 208.96 526.00 Td (mobile ) Tj ET Q q 0 0 0 rg BT 236.21 526.00 Td (units. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 497.20 Td (Geographic segment data) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 483.40 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 73.33 483.40 Td (are ) Tj ET Q q 0 0 0 rg BT 86.65 483.40 Td (attributed ) Tj ET Q q 0 0 0 rg BT 123.48 483.40 Td (to ) Tj ET Q q 0 0 0 rg BT 132.82 483.40 Td (geographical ) Tj ET Q q 0 0 0 rg BT 181.63 483.40 Td (segments ) Tj ET Q q 0 0 0 rg BT 217.46 483.40 Td (based ) Tj ET Q q 0 0 0 rg BT 240.29 483.40 Td (on ) Tj ET Q q 0 0 0 rg BT 251.63 483.40 Td (the ) Tj ET Q q 0 0 0 rg BT 264.96 483.40 Td (country ) Tj ET Q q 0 0 0 rg BT 294.79 483.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.63 483.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 344.46 483.40 Td (for ) Tj ET Q q 0 0 0 rg BT 357.29 483.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 386.13 483.40 Td (activities; ) Tj ET Q q 0 0 0 rg BT 423.45 483.40 Td (that ) Tj ET Q q 0 0 0 rg BT 439.29 483.40 Td (is, ) Tj ET Q q 0 0 0 rg BT 449.88 483.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.21 483.40 Td (country ) Tj ET Q q 0 0 0 rg BT 493.04 483.40 Td (where ) Tj ET Q q 0 0 0 rg BT 517.36 483.40 Td (the ) Tj ET Q q 0 0 0 rg BT 530.70 483.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 565.02 483.40 Td (are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.60 Td (generated. ) Tj ET Q q 0 0 0 rg BT 75.31 472.60 Td (The ) Tj ET Q q 0 0 0 rg BT 91.56 472.60 Td (following ) Tj ET Q q 0 0 0 rg BT 128.80 472.60 Td (presents ) Tj ET Q q 0 0 0 rg BT 160.55 472.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.79 472.60 Td (Company) Tj ET Q q 0 0 0 rg BT 211.29 472.60 Td (s ) Tj ET Q q 0 0 0 rg BT 217.04 472.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 247.77 472.60 Td (by ) Tj ET Q q 0 0 0 rg BT 259.02 472.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 301.25 472.60 Td (area:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 431.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 431.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 431.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 431.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 431.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 431.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 403.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 403.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 403.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 403.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 403.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 403.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 375.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 375.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 375.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 375.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 375.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 375.10 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 358.5 445.1 m 428.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 445.1 m 432.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 445.1 m 502.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 445.1 m 506.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 445.1 m 576.5 445.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 431.1 m 358.5 431.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 431.1 m 428.5 431.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 431.1 m 502.5 431.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 431.1 m 576.5 431.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 375.1 m 428.5 375.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 375.1 m 502.5 375.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 375.1 m 576.5 375.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 362.1 m 428.5 362.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 360.1 m 428.5 360.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 362.1 m 502.5 362.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 360.1 m 502.5 360.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 362.1 m 576.5 362.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 360.1 m 576.5 360.1 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 449.55 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 144.95 435.55 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.96 435.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 435.55 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 435.55 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 435.55 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 422.36 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 421.56 Td (648.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 421.56 Td (1,056.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 421.56 Td (1,121.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 408.36 Td (United Kingdom) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 407.56 Td (99.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 407.56 Td (148.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 407.56 Td (176.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 394.36 Td (Russia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 393.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 393.56 Td (58.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 393.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 380.36 Td (Ireland) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 379.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 379.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 379.56 Td (26.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 366.50 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 366.50 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.67 366.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.75 365.55 Td (747.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 365.55 Td (1,263.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 365.55 Td (1,324.3) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 334.00 Td (As ) Tj ET Q q 0 0 0 rg BT 47.97 334.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.43 334.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.87 334.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.87 334.00 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.09 334.00 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 145.08 334.00 Td ( ) Tj ET Q q 0 0 0 rg BT 147.05 334.00 Td (of ) Tj ET Q q 0 0 0 rg BT 156.51 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.47 334.00 Td (Company) Tj ET Q q 0 0 0 rg BT 206.97 334.00 Td (s ) Tj ET Q q 0 0 0 rg BT 212.44 334.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 240.90 334.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 258.61 334.00 Td (with ) Tj ET Q q 0 0 0 rg BT 276.58 334.00 Td (a ) Tj ET Q q 0 0 0 rg BT 282.54 334.00 Td (net ) Tj ET Q q 0 0 0 rg BT 295.50 334.00 Td (book ) Tj ET Q q 0 0 0 rg BT 315.47 334.00 Td (value ) Tj ET Q q 0 0 0 rg BT 336.92 334.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.38 334.00 Td ($643.6 ) Tj ET Q q 0 0 0 rg BT 373.10 334.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.10 334.00 Td (, ) Tj ET Q q 0 0 0 rg BT 403.32 334.00 Td (was ) Tj ET Q q 0 0 0 rg BT 419.28 334.00 Td (located ) Tj ET Q q 0 0 0 rg BT 447.23 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 456.19 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.16 334.00 Td (United ) Tj ET Q q 0 0 0 rg BT 495.62 334.00 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 531.58 334.00 Td (and ) Tj ET Q q 0 0 0 rg BT 546.54 334.00 Td (all ) Tj ET Q q 0 0 0 rg BT 557.50 334.00 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 51.68 323.20 Td (were ) Tj ET Q q 0 0 0 rg BT 71.34 323.20 Td (located ) Tj ET Q q 0 0 0 rg BT 99.50 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 108.68 323.20 Td (Norway) Tj ET Q q 0 0 0 rg BT 137.09 323.20 Td (. ) Tj ET Q q 0 0 0 rg BT 141.04 323.20 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.21 323.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 204.87 323.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.87 323.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.29 323.20 Td (one) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.29 323.20 Td ( ) Tj ET Q q 0 0 0 rg BT 242.47 323.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 271.14 323.20 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 289.07 323.20 Td (with ) Tj ET Q q 0 0 0 rg BT 307.25 323.20 Td (a ) Tj ET Q q 0 0 0 rg BT 313.42 323.20 Td (net ) Tj ET Q q 0 0 0 rg BT 326.59 323.20 Td (book ) Tj ET Q q 0 0 0 rg BT 346.77 323.20 Td (value ) Tj ET Q q 0 0 0 rg BT 368.44 323.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.11 323.20 Td ($671.9 ) Tj ET Q q 0 0 0 rg BT 405.04 323.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.04 323.20 Td (, ) Tj ET Q q 0 0 0 rg BT 435.47 323.20 Td (was ) Tj ET Q q 0 0 0 rg BT 451.65 323.20 Td (located ) Tj ET Q q 0 0 0 rg BT 479.81 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 488.99 323.20 Td (United ) Tj ET Q q 0 0 0 rg BT 515.66 323.20 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 551.84 323.20 Td (and ) Tj ET Q q 0 0 0 rg BT 567.01 323.20 Td (all ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 312.40 Td (other ) Tj ET Q q 0 0 0 rg BT 56.63 312.40 Td ( ) Tj ET Q q 0 0 0 rg BT 58.76 312.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 74.39 312.40 Td (were ) Tj ET Q q 0 0 0 rg BT 94.01 312.40 Td (located ) Tj ET Q q 0 0 0 rg BT 122.13 312.40 Td (in ) Tj ET Q q 0 0 0 rg BT 131.27 312.40 Td (Norway) Tj ET Q q 0 0 0 rg BT 159.67 312.40 Td (. ) Tj ET Q q 0 0 0 rg BT 163.58 312.40 Td (Asset ) Tj ET Q q 0 0 0 rg BT 185.72 312.40 Td (location ) Tj ET Q q 0 0 0 rg BT 216.84 312.40 Td (at ) Tj ET Q q 0 0 0 rg BT 225.47 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 238.60 312.40 Td (end ) Tj ET Q q 0 0 0 rg BT 253.73 312.40 Td (of ) Tj ET Q q 0 0 0 rg BT 263.36 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.49 312.40 Td (period ) Tj ET Q q 0 0 0 rg BT 301.61 312.40 Td (is ) Tj ET Q q 0 0 0 rg BT 309.75 312.40 Td (not ) Tj ET Q q 0 0 0 rg BT 323.39 312.40 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 365.50 312.40 Td (indicative ) Tj ET Q q 0 0 0 rg BT 403.12 312.40 Td (of ) Tj ET Q q 0 0 0 rg BT 412.75 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 425.88 312.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 468.00 312.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 511.63 312.40 Td (of ) Tj ET Q q 0 0 0 rg BT 521.26 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 534.39 312.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 568.51 312.40 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 301.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 72.24 301.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 97.98 301.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 135.21 301.60 Td (by ) Tj ET Q q 0 0 0 rg BT 146.46 301.60 Td (such ) Tj ET Q q 0 0 0 rg BT 165.21 301.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.46 301.60 Td (during ) Tj ET Q q 0 0 0 rg BT 214.20 301.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.45 301.60 Td (period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 272.80 Td (Major) Tj ET Q q 0 0 0 rg BT 63.03 272.80 Td ( Customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 259.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.94 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 59.38 259.00 Td (years ) Tj ET Q q 0 0 0 rg BT 80.81 259.00 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.74 259.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 157.66 259.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.66 259.00 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.35 259.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.35 259.00 Td ( ) Tj ET Q q 0 0 0 rg BT 200.79 259.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.23 259.00 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.23 259.00 Td (, ) Tj ET Q q 0 0 0 rg BT 238.92 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 252.36 259.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.80 259.00 Td (had ) Tj ET Q q 0 0 0 rg BT 305.24 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 318.67 259.00 Td (following ) Tj ET Q q 0 0 0 rg BT 356.11 259.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 395.05 259.00 Td (with ) Tj ET Q q 0 0 0 rg BT 413.49 259.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 444.92 259.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 479.34 259.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 506.76 259.00 Td (than ) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 524.70 265.24 16.50 -8.18 re f /GS0 gs q 0 0 0 rg BT 524.70 259.00 Td (10%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.20 259.00 Td ( ) Tj ET Q q 0 0 0 rg BT 543.64 259.00 Td (in ) Tj ET Q q 0 0 0 rg BT 553.08 259.00 Td (any ) Tj ET Q q 0 0 0 rg BT 568.52 259.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 248.20 Td (years ) Tj ET Q q 0 0 0 rg BT 70.48 248.20 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 192.70 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 192.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 192.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 192.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 192.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 192.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 192.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 164.70 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 164.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 164.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 164.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 164.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 164.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 164.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 136.70 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 136.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 136.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 136.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 136.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 136.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 136.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 108.70 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 108.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 108.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 108.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 108.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 108.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 108.70 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 358.5 220.70000000000005 m 428.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 220.70000000000005 m 432.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 220.70000000000005 m 502.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 220.70000000000005 m 506.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 220.70000000000005 m 576.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 206.70000000000005 m 358.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.70000000000005 m 428.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 206.70000000000005 m 428.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 206.70000000000005 m 432.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 220.70000000000005 m 502.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 206.70000000000005 m 502.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 206.70000000000005 m 506.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 220.70000000000005 m 576.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 206.70000000000005 m 576.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 206.70000000000005 m 354.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 206.70000000000005 m 358.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 206.70000000000005 m 428.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 206.70000000000005 m 432.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 206.70000000000005 m 502.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 206.70000000000005 m 506.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 206.70000000000005 m 576.5 206.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 108.70000000000005 m 354.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 108.70000000000005 m 358.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 108.70000000000005 m 428.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 108.70000000000005 m 432.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 108.70000000000005 m 502.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 108.70000000000005 m 506.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 108.70000000000005 m 358.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 108.70000000000005 m 428.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 108.70000000000005 m 432.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 108.70000000000005 m 502.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 108.70000000000005 m 506.5 108.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 108.70000000000005 m 576.5 108.70000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 225.15 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 134.55 211.15 Td (Contract revenue split by client) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 211.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 211.15 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 211.15 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 197.96 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 197.96 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 197.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 197.96 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 197.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 197.96 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 197.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 183.96 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 183.96 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 183.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 183.96 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 183.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 183.96 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 183.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 169.96 Td (Conoco Phillips) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 169.96 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 169.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 169.96 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 169.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 169.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 169.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 155.96 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 155.96 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 155.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 155.96 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 155.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 155.96 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 155.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 141.96 Td (Shell) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 141.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 141.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 141.96 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 141.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 141.96 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 141.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 127.96 Td (KMNG) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 127.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 127.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 127.16 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 127.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 127.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 127.16 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 113.96 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 113.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 113.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 113.96 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 113.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.50 113.16 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 113.16 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 100.10 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.50 100.10 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 100.10 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.50 100.10 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 100.10 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 100.10 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.00 100.10 Td (%) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Note 4 ) Tj ET Q q 0 0 0 rg BT 73.31 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 79.06 749.25 Td (axation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 721.65 Td (Income ) Tj ET Q q 0 0 0 rg BT 65.24 721.65 Td (taxes ) Tj ET Q q 0 0 0 rg BT 85.98 721.65 Td (consist ) Tj ET Q q 0 0 0 rg BT 113.23 721.65 Td (of ) Tj ET Q q 0 0 0 rg BT 122.98 721.65 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 721.65 Td (following: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 667.15 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 667.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 667.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 667.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 667.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 667.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 641.15 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 641.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 641.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 641.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 641.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 641.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 615.15 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 615.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 615.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 615.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 615.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 615.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 589.15 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 589.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 589.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 589.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 563.15 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 563.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 563.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 563.15 70.00 -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 36.5 680.15 m 358.5 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 694.15 m 428.5 694.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 680.15 m 428.5 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 694.15 m 432.5 694.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 694.15 m 502.5 694.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 680.15 m 502.5 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 694.15 m 506.5 694.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 694.15 m 576.5 694.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 680.15 m 576.5 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 589.15 m 428.5 589.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 576.15 m 428.5 576.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 589.15 m 502.5 589.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 576.15 m 502.5 576.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 589.15 m 576.5 589.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 576.15 m 576.5 576.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 563.15 m 428.5 563.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 550.15 m 428.5 550.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 563.15 m 502.5 563.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 550.15 m 502.5 550.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 563.15 m 576.5 563.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 550.15 m 576.5 550.15 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.65 698.60 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 144.95 684.60 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 684.60 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 684.60 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 684.60 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 671.41 Td (Current tax expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 658.41 Td (Bermuda) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 658.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 658.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 658.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 645.41 Td (Foreign) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.25 645.41 Td (19.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 645.41 Td (8.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 645.41 Td (\(0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.00 645.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 632.41 Td (Deferred tax expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 619.41 Td (Bermuda) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 619.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 619.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 619.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 606.41 Td (Foreign) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.25 606.41 Td (15.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 606.41 Td (12.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 606.41 Td (20.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 593.41 Td (Amortization of tax effect on internal sale of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.75 593.41 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 593.41 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.75 593.41 Td (9.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 580.55 Td (Total provision) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.25 580.55 Td (44.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.25 580.55 Td (29.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.25 580.55 Td (28.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 554.55 Td (Effective tax rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.75 554.55 Td (-127.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 554.55 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.25 554.55 Td (-10.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 554.55 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.25 554.55 Td (10.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.00 554.55 Td (%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 523.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.42 523.05 Td (ef) Tj ET Q q 0 0 0 rg BT 59.25 523.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.16 523.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 99.59 523.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.50 523.05 Td (for ) Tj ET Q q 0 0 0 rg BT 128.43 523.05 Td (the ) Tj ET Q q 0 0 0 rg BT 141.85 523.05 Td (year ) Tj ET Q q 0 0 0 rg BT 159.77 523.05 Td (months ) Tj ET Q q 0 0 0 rg BT 188.70 523.05 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.62 523.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 265.52 523.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.52 523.05 Td ( ) Tj ET Q q 0 0 0 rg BT 285.95 523.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.37 523.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.37 523.05 Td ( ) Tj ET Q q 0 0 0 rg BT 321.80 523.05 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.23 523.05 Td (-127.8%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.97 523.05 Td ( ) Tj ET Q q 0 0 0 rg BT 371.40 523.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.83 523.05 Td (-10.2%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.07 523.05 Td ( ) Tj ET Q q 0 0 0 rg BT 415.50 523.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 458.39 523.05 Td (. ) Tj ET Q q 0 0 0 rg BT 462.90 523.05 Td (This ) Tj ET Q q 0 0 0 rg BT 481.33 523.05 Td (means ) Tj ET Q q 0 0 0 rg BT 506.75 523.05 Td (that ) Tj ET Q q 0 0 0 rg BT 522.67 523.05 Td (we ) Tj ET Q q 0 0 0 rg BT 535.60 523.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 569.02 523.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 512.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 50.72 512.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.44 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 74.17 512.25 Td (local ) Tj ET Q q 0 0 0 rg BT 93.38 512.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 132.60 512.25 Td (but ) Tj ET Q q 0 0 0 rg BT 145.82 512.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 177.53 512.25 Td (an ) Tj ET Q q 0 0 0 rg BT 187.75 512.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 214.46 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.18 512.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 235.91 512.25 Td (before ) Tj ET Q q 0 0 0 rg BT 260.62 512.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 273.34 512.25 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 307.56 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.78 512.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 346.49 512.25 Td (items. ) Tj ET Q q 0 0 0 rg BT 372.09 512.25 Td (The ) Tj ET Q q 0 0 0 rg BT 387.81 512.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 420.02 512.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 435.23 512.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 463.44 512.25 Td (no ) Tj ET Q q 0 0 0 rg BT 474.16 512.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.88 512.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 507.59 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 518.31 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.04 512.25 Td (impairments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 501.45 Td (or ) Tj ET Q q 0 0 0 rg BT 45.64 501.45 Td (the ) Tj ET Q q 0 0 0 rg BT 58.78 501.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 96.91 501.45 Td (loss. ) Tj ET Q q 0 0 0 rg BT 115.15 501.45 Td (This ) Tj ET Q q 0 0 0 rg BT 133.29 501.45 Td (is ) Tj ET Q q 0 0 0 rg BT 141.44 501.45 Td (due ) Tj ET Q q 0 0 0 rg BT 156.58 501.45 Td (to ) Tj ET Q q 0 0 0 rg BT 165.72 501.45 Td (these ) Tj ET Q q 0 0 0 rg BT 186.36 501.45 Td (items ) Tj ET Q q 0 0 0 rg BT 208.00 501.45 Td (lar) Tj ET Q q 0 0 0 rg BT 217.33 501.45 Td (gely ) Tj ET Q q 0 0 0 rg BT 234.97 501.45 Td (falling ) Tj ET Q q 0 0 0 rg BT 260.60 501.45 Td (within ) Tj ET Q q 0 0 0 rg BT 285.75 501.45 Td (the ) Tj ET Q q 0 0 0 rg BT 298.89 501.45 Td (zero ) Tj ET Q q 0 0 0 rg BT 316.52 501.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.66 501.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 345.29 501.45 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 380.42 501.45 Td (companies. ) Tj ET Q q 0 0 0 rg BT 423.30 501.45 Td (In ) Tj ET Q q 0 0 0 rg BT 432.94 501.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 466.83 501.45 Td (the ) Tj ET Q q 0 0 0 rg BT 479.97 501.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 511.59 501.45 Td (in ) Tj ET Q q 0 0 0 rg BT 520.74 501.45 Td (the ) Tj ET Q q 0 0 0 rg BT 533.88 501.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 547.01 501.45 Td (expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 490.65 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.25 490.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.25 490.65 Td ( ) Tj ET Q q 0 0 0 rg BT 65.50 490.65 Td (in ) Tj ET Q q 0 0 0 rg BT 74.75 490.65 Td (comparison ) Tj ET Q q 0 0 0 rg BT 118.99 490.65 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.24 490.65 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.24 490.65 Td ( ) Tj ET Q q 0 0 0 rg BT 148.49 490.65 Td (is ) Tj ET Q q 0 0 0 rg BT 156.74 490.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 183.99 490.65 Td (due ) Tj ET Q q 0 0 0 rg BT 199.23 490.65 Td (to ) Tj ET Q q 0 0 0 rg BT 208.49 490.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 240.71 490.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.96 490.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 284.20 490.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 317.93 490.65 Td (on ) Tj ET Q q 0 0 0 rg BT 329.18 490.65 Td (unremitted ) Tj ET Q q 0 0 0 rg BT 370.42 490.65 Td (earnings.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 476.85 Td (The ) Tj ET Q q 0 0 0 rg BT 52.80 476.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.60 476.85 Td (may ) Tj ET Q q 0 0 0 rg BT 108.90 476.85 Td (be ) Tj ET Q q 0 0 0 rg BT 120.20 476.85 Td (taxable ) Tj ET Q q 0 0 0 rg BT 149.00 476.85 Td (in ) Tj ET Q q 0 0 0 rg BT 158.80 476.85 Td (more ) Tj ET Q q 0 0 0 rg BT 180.10 476.85 Td (than ) Tj ET Q q 0 0 0 rg BT 198.40 476.85 Td (one ) Tj ET Q q 0 0 0 rg BT 214.20 476.85 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 258.01 476.85 Td (based ) Tj ET Q q 0 0 0 rg BT 281.30 476.85 Td (on ) Tj ET Q q 0 0 0 rg BT 293.11 476.85 Td (its ) Tj ET Q q 0 0 0 rg BT 304.42 476.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 333.72 476.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 346.53 476.85 Td (operations. ) Tj ET Q q 0 0 0 rg BT 388.45 476.85 Td (A) Tj ET Q q 0 0 0 rg BT 394.46 476.85 Td ( ) Tj ET Q q 0 0 0 rg BT 397.26 476.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 414.07 476.85 Td (in ) Tj ET Q q 0 0 0 rg BT 423.88 476.85 Td (one ) Tj ET Q q 0 0 0 rg BT 439.68 476.85 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 483.48 476.85 Td (may ) Tj ET Q q 0 0 0 rg BT 501.79 476.85 Td (not ) Tj ET Q q 0 0 0 rg BT 516.09 476.85 Td (be ) Tj ET Q q 0 0 0 rg BT 527.39 476.85 Td (of) Tj ET Q q 0 0 0 rg BT 534.73 476.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 550.53 476.85 Td (against ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 466.05 Td (taxable ) Tj ET Q q 0 0 0 rg BT 64.96 466.05 Td (income ) Tj ET Q q 0 0 0 rg BT 94.42 466.05 Td (in ) Tj ET Q q 0 0 0 rg BT 104.39 466.05 Td (another ) Tj ET Q q 0 0 0 rg BT 134.35 466.05 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 180.35 466.05 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 203.57 466.05 Td (the ) Tj ET Q q 0 0 0 rg BT 217.53 466.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.50 466.05 Td (may ) Tj ET Q q 0 0 0 rg BT 273.97 466.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 289.93 466.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.90 466.05 Td (within ) Tj ET Q q 0 0 0 rg BT 329.87 466.05 Td (some ) Tj ET Q q 0 0 0 rg BT 351.84 466.05 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 399.31 466.05 Td (even ) Tj ET Q q 0 0 0 rg BT 419.27 466.05 Td (though ) Tj ET Q q 0 0 0 rg BT 447.24 466.05 Td (it ) Tj ET Q q 0 0 0 rg BT 455.21 466.05 Td (might ) Tj ET Q q 0 0 0 rg BT 479.18 466.05 Td (have ) Tj ET Q q 0 0 0 rg BT 499.14 466.05 Td (an ) Tj ET Q q 0 0 0 rg BT 510.61 466.05 Td (overall ) Tj ET Q q 0 0 0 rg BT 538.57 466.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 555.54 466.05 Td (at ) Tj ET Q q 0 0 0 rg BT 565.01 466.05 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 455.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 83.74 455.25 Td (level.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 441.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 427.65 Td (The ) Tj ET Q q 0 0 0 rg BT 51.94 427.65 Td (income ) Tj ET Q q 0 0 0 rg BT 80.39 427.65 Td (taxes ) Tj ET Q q 0 0 0 rg BT 100.83 427.65 Td (for ) Tj ET Q q 0 0 0 rg BT 113.28 427.65 Td (the ) Tj ET Q q 0 0 0 rg BT 126.22 427.65 Td (years ) Tj ET Q q 0 0 0 rg BT 147.17 427.65 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.61 427.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 223.03 427.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.03 427.65 Td ( ) Tj ET Q q 0 0 0 rg BT 242.99 427.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.93 427.65 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.93 427.65 Td ( ) Tj ET Q q 0 0 0 rg BT 277.89 427.65 Td (dif) Tj ET Q q 0 0 0 rg BT 287.72 427.65 Td (fered ) Tj ET Q q 0 0 0 rg BT 308.16 427.65 Td (from ) Tj ET Q q 0 0 0 rg BT 327.60 427.65 Td (the ) Tj ET Q q 0 0 0 rg BT 340.55 427.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 369.50 427.65 Td (computed ) Tj ET Q q 0 0 0 rg BT 406.94 427.65 Td (by ) Tj ET Q q 0 0 0 rg BT 417.89 427.65 Td (applying ) Tj ET Q q 0 0 0 rg BT 451.34 427.65 Td (the ) Tj ET Q q 0 0 0 rg BT 464.29 427.65 Td (statutory ) Tj ET Q q 0 0 0 rg BT 497.74 427.65 Td (income ) Tj ET Q q 0 0 0 rg BT 526.18 427.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 539.13 427.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 554.56 427.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.01 427.65 Td (0%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 416.85 Td (due ) Tj ET Q q 0 0 0 rg BT 51.24 416.85 Td (to ) Tj ET Q q 0 0 0 rg BT 60.50 416.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 100.23 416.85 Td (in ) Tj ET Q q 0 0 0 rg BT 109.49 416.85 Td (foreign ) Tj ET Q q 0 0 0 rg BT 137.72 416.85 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 184.47 416.85 Td (with ) Tj ET Q q 0 0 0 rg BT 202.72 416.85 Td (dif) Tj ET Q q 0 0 0 rg BT 212.56 416.85 Td (ferent ) Tj ET Q q 0 0 0 rg BT 235.79 416.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 275.02 416.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 288.27 416.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 307.51 416.85 Td (as ) Tj ET Q q 0 0 0 rg BT 317.25 416.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 354.99 416.85 Td (to ) Tj ET Q q 0 0 0 rg BT 364.24 416.85 Td (Bermuda. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 375.35 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 375.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 375.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 375.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 375.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 375.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 349.35 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 349.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 349.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 349.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 349.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 349.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 323.35 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 323.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 323.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 323.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 323.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 323.35 70.00 -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 358.5 389.35 m 428.5 389.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 389.35 m 432.5 389.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 389.35 m 502.5 389.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 389.35 m 506.5 389.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 389.35 m 576.5 389.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 375.35 m 358.5 375.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 375.35 m 428.5 375.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 375.35 m 502.5 375.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 389.35 m 576.5 389.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 375.35 m 576.5 375.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 375.35 m 576.5 375.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 323.35 m 428.5 323.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 311.35 m 428.5 311.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 309.35 m 428.5 309.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 323.35 m 502.5 323.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 311.35 m 502.5 311.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 309.35 m 502.5 309.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 323.35 m 576.5 323.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 311.35 m 576.5 311.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 309.35 m 576.5 309.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.65 393.80 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 144.95 379.80 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 379.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 379.80 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 379.80 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 366.61 Td (Income taxes at statutory rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 353.61 Td (Effect of amortization of tax on internal sale of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 353.61 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 353.61 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 353.61 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 340.61 Td (Effect of unremitted earnings of subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 340.61 Td (21.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 340.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 340.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 327.61 Td (Effect of taxable income in various countries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 327.61 Td (13.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 327.61 Td (20.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 327.61 Td (19.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 314.75 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.25 314.75 Td (44.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 314.75 Td (29.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 314.75 Td (28.9) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 282.05 Td (Deferr) Tj ET Q q 0 0 0 rg BT 64.13 282.05 Td (ed Income ) Tj ET Q q 0 0 0 rg BT 110.60 282.05 Td (T) Tj ET Q q 0 0 0 rg BT 116.36 282.05 Td (axes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 69.52 268.25 Td (income ) Tj ET Q q 0 0 0 rg BT 97.55 268.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 117.59 268.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 142.12 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.66 268.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.69 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.73 268.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 228.26 268.25 Td (dif) Tj ET Q q 0 0 0 rg BT 238.10 268.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 269.62 268.25 Td (between ) Tj ET Q q 0 0 0 rg BT 301.15 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.69 268.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 342.23 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.27 268.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 373.81 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.35 268.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 423.39 268.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 464.41 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 476.45 268.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.48 268.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 544.01 268.25 Td (purposes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 257.45 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 257.45 Td (such ) Tj ET Q q 0 0 0 rg BT 69.99 257.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 102.74 257.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 144.47 257.45 Td (for ) Tj ET Q q 0 0 0 rg BT 157.21 257.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.46 257.45 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 206.79 257.45 Td (The ) Tj ET Q q 0 0 0 rg BT 223.03 257.45 Td (net ) Tj ET Q q 0 0 0 rg BT 236.28 257.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 268.50 257.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 281.75 257.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 304.99 257.45 Td (\(liabilities\) ) Tj ET Q q 0 0 0 rg BT 346.73 257.45 Td (consist ) Tj ET Q q 0 0 0 rg BT 373.98 257.45 Td (of ) Tj ET Q q 0 0 0 rg BT 383.73 257.45 Td (the ) Tj ET Q q 0 0 0 rg BT 396.98 257.45 Td (following: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.85 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 70.06 229.85 Td (T) Tj ET Q q 0 0 0 rg BT 74.93 229.85 Td (ax ) Tj ET Q q 0 0 0 rg BT 85.18 229.85 Td (Assets: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 193.35 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 193.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 193.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 193.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 167.35 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 167.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 167.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 167.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 141.35 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 141.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 141.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 141.35 70.00 -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 36.5 193.35000000000002 m 432.5 193.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 193.35000000000002 m 502.5 193.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 193.35000000000002 m 576.5 193.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 154.35000000000002 m 502.5 154.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 154.35000000000002 m 576.5 154.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 128.35000000000002 m 502.5 128.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 128.35000000000002 m 576.5 128.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 116.35000000000002 m 502.5 116.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 114.35000000000002 m 502.5 114.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 116.35000000000002 m 576.5 116.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 114.35000000000002 m 576.5 114.35000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 197.80 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.30 206.80 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 197.80 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.30 206.80 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 197.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 184.61 Td (Pension) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 184.61 Td (5.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 184.61 Td (21.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 171.61 Td (Contracts and long term maintenance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 171.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 171.61 Td (3.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 158.61 Td (Loss carry forward) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 158.61 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 158.61 Td (6.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 145.75 Td (Gross deferred tax asset) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.75 145.75 Td (7.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 145.75 Td (31.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 132.61 Td (Valuation allowance related to net operating losses carried forward) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 132.61 Td (\(0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 132.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 132.61 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 119.75 Td (Net 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673.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 673.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 647.50 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 647.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 647.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 647.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 621.50 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 621.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 621.50 70.00 -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 36.5 699.5 m 432.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 699.5 m 502.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 699.5 m 576.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 647.5 m 502.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 647.5 m 576.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 634.5 m 502.5 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 634.5 m 576.5 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 621.5 m 502.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 621.5 m 576.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 609.5 m 502.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 607.5 m 502.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 609.5 m 576.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 607.5 m 576.5 607.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 703.95 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.30 712.95 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 703.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.30 712.95 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 703.95 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 690.76 Td (Long term maintenance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 690.76 Td (36.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 690.76 Td (50.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 677.76 Td (Unremitted Earnings of Subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 677.76 Td (21.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 677.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 664.76 Td (T) Tj ET Q q 0 0 0 rg BT 43.87 664.76 Td (ax depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 664.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 664.76 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 651.76 Td (Pensions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 651.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 651.76 Td (3.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 638.90 Td (Gross deferred tax liability) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 638.90 Td (57.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 638.90 Td (54.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 612.90 Td (Net deferred tax liability) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 612.90 Td (\(50.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 612.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 612.90 Td (\(22.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 612.90 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 581.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 51.24 581.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 83.47 581.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 104.21 581.40 Td (are ) Tj ET Q q 0 0 0 rg BT 117.45 581.40 Td (classified ) Tj ET Q q 0 0 0 rg BT 153.69 581.40 Td (as ) Tj ET Q q 0 0 0 rg BT 163.43 581.40 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 544.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 544.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 544.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 544.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 518.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 518.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 518.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 518.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 492.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 492.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 492.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 492.90 70.00 -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 36.5 544.9 m 432.5 544.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 544.9 m 502.5 544.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 544.9 m 576.5 544.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 492.9 m 502.5 492.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 492.9 m 576.5 492.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 480.9 m 502.5 480.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 478.9 m 502.5 478.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 480.9 m 576.5 480.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 478.9 m 576.5 478.9 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 549.35 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.30 558.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 549.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.30 558.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 549.35 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 536.16 Td (Short-term deferred tax asset) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 536.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 536.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 523.16 Td (Long-term deferred tax asset) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 523.16 Td (7.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 523.16 Td (31.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 510.16 Td (Short-term deferred tax liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 510.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 510.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 497.16 Td (Long-term deferred tax liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 497.16 Td (\(57.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 497.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 497.16 Td (\(54.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 497.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 484.30 Td (Net deferred tax liability) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 484.30 Td (\(50.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 484.30 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 484.30 Td (\(22.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 484.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 452.80 Td (As ) Tj ET Q q 0 0 0 rg BT 47.97 452.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.44 452.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.88 452.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.88 452.80 Td (, ) Tj ET Q q 0 0 0 rg BT 132.10 452.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 164.04 452.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.01 452.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 199.97 452.80 Td (related ) Tj ET Q q 0 0 0 rg BT 226.42 452.80 Td (to ) Tj ET Q q 0 0 0 rg BT 235.39 452.80 Td (net ) Tj ET Q q 0 0 0 rg BT 248.36 452.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 284.31 452.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 300.29 452.80 Td ( ) Tj ET Q q 0 0 0 rg BT 302.26 452.80 Td (\("NOL"\) ) Tj ET Q q 0 0 0 rg BT 336.06 452.80 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 388.50 452.80 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.96 452.80 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 425.68 452.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.68 452.80 Td (, ) Tj ET Q q 0 0 0 rg BT 455.90 452.80 Td (which ) Tj ET Q q 0 0 0 rg BT 479.86 452.80 Td (can ) Tj ET Q q 0 0 0 rg BT 494.32 452.80 Td (be ) Tj ET Q q 0 0 0 rg BT 504.78 452.80 Td (used ) Tj ET Q q 0 0 0 rg BT 523.25 452.80 Td (to ) Tj ET Q q 0 0 0 rg BT 532.22 452.80 Td (of) Tj ET Q q 0 0 0 rg BT 539.55 452.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 554.52 452.80 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 442.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 64.38 442.00 Td (income. ) Tj ET Q q 0 0 0 rg BT 95.51 442.00 Td (NOL) Tj ET Q q 0 0 0 rg BT 113.67 442.00 Td ( ) Tj ET Q q 0 0 0 rg BT 116.07 442.00 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 168.93 442.00 Td (were ) Tj ET Q q 0 0 0 rg BT 188.81 442.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 226.18 442.00 Td (in ) Tj ET Q q 0 0 0 rg BT 235.57 442.00 Td (UK ) Tj ET Q q 0 0 0 rg BT 250.96 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 266.35 442.00 Td (will ) Tj ET Q q 0 0 0 rg BT 282.75 442.00 Td (not ) Tj ET Q q 0 0 0 rg BT 296.64 442.00 Td (expire. ) Tj ET Q q 0 0 0 rg BT 323.77 442.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.63 442.00 Td (As ) Tj ET Q q 0 0 0 rg BT 338.03 442.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.92 442.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 399.79 442.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.79 442.00 Td (, ) Tj ET Q q 0 0 0 rg BT 422.43 442.00 Td (the ) Tj ET Q q 0 0 0 rg BT 435.82 442.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 471.70 442.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 510.57 442.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.46 442.00 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 538.61 442.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.61 442.00 Td ( ) Tj ET Q q 0 0 0 rg BT 567.00 442.00 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 431.20 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 431.20 Td (NOL) Tj ET Q q 0 0 0 rg BT 67.41 431.20 Td ( ) Tj ET Q q 0 0 0 rg BT 69.66 431.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 122.38 431.20 Td (results ) Tj ET Q q 0 0 0 rg BT 148.13 431.20 Td (where ) Tj ET Q q 0 0 0 rg BT 172.36 431.20 Td (we ) Tj ET Q q 0 0 0 rg BT 185.11 431.20 Td (do ) Tj ET Q q 0 0 0 rg BT 196.36 431.20 Td (not ) Tj ET Q q 0 0 0 rg BT 210.11 431.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 235.84 431.20 Td (to ) Tj ET Q q 0 0 0 rg BT 245.09 431.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 277.82 431.20 Td (future ) Tj ET Q q 0 0 0 rg BT 301.56 431.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 329.79 431.20 Td (income ) Tj ET Q q 0 0 0 rg BT 358.53 431.20 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.53 431.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.53 431.20 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.28 431.20 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.78 431.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.28 431.20 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.28 431.20 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.03 431.20 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.53 431.20 Td (\).) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 403.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.08 403.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.17 403.60 Td (has ) Tj ET Q q 0 0 0 rg BT 103.25 403.60 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 138.32 403.60 Td (its ) Tj ET Q q 0 0 0 rg BT 148.91 403.60 Td (assertion ) Tj ET Q q 0 0 0 rg BT 182.99 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.57 403.60 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 229.15 403.60 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 277.72 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.31 403.60 Td (unremitted ) Tj ET Q q 0 0 0 rg BT 328.38 403.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 360.96 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.54 403.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 415.13 403.60 Td (and ) Tj ET Q q 0 0 0 rg BT 430.21 403.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 472.78 403.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 490.61 403.60 Td (due ) Tj ET Q q 0 0 0 rg BT 505.69 403.60 Td (to ) Tj ET Q q 0 0 0 rg BT 514.78 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.86 403.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 545.94 403.60 Td (needs ) Tj ET Q q 0 0 0 rg BT 568.52 403.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.97 392.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 87.93 392.80 Td (caused ) Tj ET Q q 0 0 0 rg BT 115.39 392.80 Td (by ) Tj ET Q q 0 0 0 rg BT 127.36 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 141.33 392.80 Td (recent ) Tj ET Q q 0 0 0 rg BT 166.28 392.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 198.75 392.80 Td (trend ) Tj ET Q q 0 0 0 rg BT 220.21 392.80 Td (in ) Tj ET Q q 0 0 0 rg BT 230.19 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 244.15 392.80 Td (market, ) Tj ET Q q 0 0 0 rg BT 274.36 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 288.33 392.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.29 392.80 Td (no ) Tj ET Q q 0 0 0 rg BT 338.26 392.80 Td (longer ) Tj ET Q q 0 0 0 rg BT 364.23 392.80 Td (considers ) Tj ET Q q 0 0 0 rg BT 401.19 392.80 Td (such ) Tj ET Q q 0 0 0 rg BT 420.66 392.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 454.12 392.80 Td (to ) Tj ET Q q 0 0 0 rg BT 464.09 392.80 Td (be ) Tj ET Q q 0 0 0 rg BT 475.55 392.80 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 520.01 392.80 Td (reinvested. ) Tj ET Q q 0 0 0 rg BT 562.00 392.80 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 382.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.25 382.00 Td (has ) Tj ET Q q 0 0 0 rg BT 87.50 382.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 129.22 382.00 Td (a ) Tj ET Q q 0 0 0 rg BT 135.47 382.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 167.69 382.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.94 382.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 211.18 382.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.93 382.00 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 243.43 382.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.43 382.00 Td ( ) Tj ET Q q 0 0 0 rg BT 271.68 382.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.93 382.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.93 382.00 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 354.40 Td (In ) Tj ET Q q 0 0 0 rg BT 44.81 354.40 Td (November ) Tj ET Q q 0 0 0 rg BT 84.11 354.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 105.68 354.40 Td (the ) Tj ET Q q 0 0 0 rg BT 117.99 354.40 Td (F) Tj ET Q q 0 0 0 rg BT 122.33 354.40 Td (ASB ) Tj ET Q q 0 0 0 rg BT 141.15 354.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 164.67 354.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 183.99 354.40 Td (2015-17, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.55 354.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 245.36 354.40 Td (T) Tj ET Q q 0 0 0 rg BT 249.53 354.40 Td (axes ) Tj ET Q q 0 0 0 rg BT 266.84 354.40 Td (\(T) Tj ET Q q 0 0 0 rg BT 274.02 354.40 Td (opic ) Tj ET Q q 0 0 0 rg BT 290.83 354.40 Td (740\): ) Tj ET Q q 0 0 0 rg BT 311.64 354.40 Td (Balance ) Tj ET Q q 0 0 0 rg BT 342.44 354.40 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 363.24 354.40 Td (Classification ) Tj ET Q q 0 0 0 rg BT 414.56 354.40 Td (of ) Tj ET Q q 0 0 0 rg BT 422.88 354.40 Td (Deferr) Tj ET Q q 0 0 0 rg BT 446.54 354.40 Td (ed ) Tj ET Q q 0 0 0 rg BT 456.35 354.40 Td (T) Tj ET Q q 0 0 0 rg BT 460.53 354.40 Td (axes, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.08 354.40 Td (to ) Tj ET Q q 0 0 0 rg BT 488.40 354.40 Td (simplify ) Tj ET Q q 0 0 0 rg BT 519.72 354.40 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 354.40 Td (presentation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 343.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.78 343.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 78.05 343.60 Td (income ) Tj ET Q q 0 0 0 rg BT 106.83 343.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 127.60 343.60 Td (in ) Tj ET Q q 0 0 0 rg BT 136.89 343.60 Td (a ) Tj ET Q q 0 0 0 rg BT 143.18 343.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 179.45 343.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 216.23 343.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.01 343.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 259.78 343.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 293.16 343.60 Td (The ) Tj ET Q q 0 0 0 rg BT 309.44 343.60 Td (update ) Tj ET Q q 0 0 0 rg BT 335.71 343.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 366.99 343.60 Td (that ) Tj ET Q q 0 0 0 rg BT 382.77 343.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 415.03 343.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 428.32 343.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 464.10 343.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.38 343.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 502.67 343.60 Td (be ) Tj ET Q q 0 0 0 rg BT 513.45 343.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 549.72 343.60 Td (as ) Tj ET Q q 0 0 0 rg BT 559.51 343.60 Td (non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.80 Td (current ) Tj ET Q q 0 0 0 rg BT 63.80 332.80 Td (in ) Tj ET Q q 0 0 0 rg BT 73.12 332.80 Td (a ) Tj ET Q q 0 0 0 rg BT 79.43 332.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 115.73 332.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 152.53 332.80 Td (of ) Tj ET Q q 0 0 0 rg BT 162.35 332.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.15 332.80 Td (position ) Tj ET Q q 0 0 0 rg BT 227.47 332.80 Td (as ) Tj ET Q q 0 0 0 rg BT 237.28 332.80 Td (opposed ) Tj ET Q q 0 0 0 rg BT 269.59 332.80 Td (to ) Tj ET Q q 0 0 0 rg BT 278.91 332.80 Td (the ) Tj ET Q q 0 0 0 rg BT 292.22 332.80 Td (current ) Tj ET Q q 0 0 0 rg BT 320.02 332.80 Td (requirement ) Tj ET Q q 0 0 0 rg BT 365.81 332.80 Td (to ) Tj ET Q q 0 0 0 rg BT 375.13 332.80 Td (separate ) Tj ET Q q 0 0 0 rg BT 406.92 332.80 Td (these ) Tj ET Q q 0 0 0 rg BT 427.73 332.80 Td (into ) Tj ET Q q 0 0 0 rg BT 444.05 332.80 Td (current ) Tj ET Q q 0 0 0 rg BT 471.85 332.80 Td (and ) Tj ET Q q 0 0 0 rg BT 487.16 332.80 Td (non-current ) Tj ET Q q 0 0 0 rg BT 531.46 332.80 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 566.01 332.80 Td (As ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 322.00 Td (permitted ) Tj ET Q q 0 0 0 rg BT 72.14 322.00 Td (by ) Tj ET Q q 0 0 0 rg BT 82.42 322.00 Td (ASU ) Tj ET Q q 0 0 0 rg BT 102.07 322.00 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 135.96 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 148.61 322.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.25 322.00 Td (early-adopted ) Tj ET Q q 0 0 0 rg BT 236.37 322.00 Td (this ) Tj ET Q q 0 0 0 rg BT 251.02 322.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 283.16 322.00 Td (ef) Tj ET Q q 0 0 0 rg BT 289.99 322.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 316.12 322.00 Td (December ) Tj ET Q q 0 0 0 rg BT 354.74 322.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 367.64 322.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 387.28 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 401.92 322.00 Td (applied ) Tj ET Q q 0 0 0 rg BT 430.06 322.00 Td (it ) Tj ET Q q 0 0 0 rg BT 436.71 322.00 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 491.83 322.00 Td (to ) Tj ET Q q 0 0 0 rg BT 500.48 322.00 Td (all ) Tj ET Q q 0 0 0 rg BT 511.12 322.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 539.27 322.00 Td (presented. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.20 Td (As ) Tj ET Q q 0 0 0 rg BT 48.43 311.20 Td (a ) Tj ET Q q 0 0 0 rg BT 54.85 311.20 Td (result ) Tj ET Q q 0 0 0 rg BT 77.27 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 90.69 311.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.11 311.20 Td (has ) Tj ET Q q 0 0 0 rg BT 142.53 311.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 179.44 311.20 Td (all ) Tj ET Q q 0 0 0 rg BT 190.86 311.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 223.26 311.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.68 311.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 272.60 311.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.02 311.20 Td (assets, ) Tj ET Q q 0 0 0 rg BT 313.69 311.20 Td (as ) Tj ET Q q 0 0 0 rg BT 323.61 311.20 Td (well ) Tj ET Q q 0 0 0 rg BT 341.53 311.20 Td (as ) Tj ET Q q 0 0 0 rg BT 351.45 311.20 Td (any ) Tj ET Q q 0 0 0 rg BT 366.87 311.20 Td (related ) Tj ET Q q 0 0 0 rg BT 393.78 311.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 429.70 311.20 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 470.85 311.20 Td (as ) Tj ET Q q 0 0 0 rg BT 480.77 311.20 Td (non-current ) Tj ET Q q 0 0 0 rg BT 525.18 311.20 Td (for ) Tj ET Q q 0 0 0 rg BT 538.10 311.20 Td (all ) Tj ET Q q 0 0 0 rg BT 549.52 311.20 Td (periods ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 72.30 300.40 Td (in ) Tj ET Q q 0 0 0 rg BT 81.11 300.40 Td (this ) Tj ET Q q 0 0 0 rg BT 95.93 300.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 121.74 300.40 Td (report. ) Tj ET Q q 0 0 0 rg BT 147.16 300.40 Td (The ) Tj ET Q q 0 0 0 rg BT 162.97 300.40 Td (adoption ) Tj ET Q q 0 0 0 rg BT 196.28 300.40 Td (of ) Tj ET Q q 0 0 0 rg BT 205.59 300.40 Td (this ) Tj ET Q q 0 0 0 rg BT 220.41 300.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 254.71 300.40 Td (did ) Tj ET Q q 0 0 0 rg BT 268.02 300.40 Td (not ) Tj ET Q q 0 0 0 rg BT 281.34 300.40 Td (have ) Tj ET Q q 0 0 0 rg BT 300.14 300.40 Td (a ) Tj ET Q q 0 0 0 rg BT 305.95 300.40 Td (material ) Tj ET Q q 0 0 0 rg BT 337.25 300.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 363.56 300.40 Td (on ) Tj ET Q q 0 0 0 rg BT 374.37 300.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 416.31 300.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 463.61 300.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 496.91 300.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 536.71 300.40 Td (and ) Tj ET Q q 0 0 0 rg BT 551.52 300.40 Td (related ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 289.60 Td (disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 262.00 Td (North ) Tj ET Q q 0 0 0 rg BT 58.43 262.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.25 262.00 Td (is ) Tj ET Q q 0 0 0 rg BT 97.08 262.00 Td (headquartered ) Tj ET Q q 0 0 0 rg BT 149.88 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 158.72 262.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 193.54 262.00 Td (where ) Tj ET Q q 0 0 0 rg BT 217.36 262.00 Td (we ) Tj ET Q q 0 0 0 rg BT 229.68 262.00 Td (have ) Tj ET Q q 0 0 0 rg BT 248.51 262.00 Td (been ) Tj ET Q q 0 0 0 rg BT 267.33 262.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 296.15 262.00 Td (a ) Tj ET Q q 0 0 0 rg BT 301.97 262.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.80 262.00 Td (exemption ) Tj ET Q q 0 0 0 rg BT 354.63 262.00 Td (until ) Tj ET Q q 0 0 0 rg BT 372.96 262.00 Td (2035. ) Tj ET Q q 0 0 0 rg BT 395.04 262.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 417.37 262.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 463.70 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 472.53 262.00 Td (which ) Tj ET Q q 0 0 0 rg BT 496.36 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 509.19 262.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 546.02 262.00 Td (operates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 251.20 Td (are ) Tj ET Q q 0 0 0 rg BT 49.10 251.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 77.19 251.20 Td (based ) Tj ET Q q 0 0 0 rg BT 99.80 251.20 Td (on ) Tj ET Q q 0 0 0 rg BT 110.91 251.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 123.02 251.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 164.40 251.20 Td (A) Tj ET Q q 0 0 0 rg BT 170.41 251.20 Td ( ) Tj ET Q q 0 0 0 rg BT 172.52 251.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 188.64 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 197.75 251.20 Td (one ) Tj ET Q q 0 0 0 rg BT 212.86 251.20 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 255.96 251.20 Td (may ) Tj ET Q q 0 0 0 rg BT 273.57 251.20 Td (not ) Tj ET Q q 0 0 0 rg BT 287.18 251.20 Td (be ) Tj ET Q q 0 0 0 rg BT 297.79 251.20 Td (of) Tj ET Q q 0 0 0 rg BT 305.12 251.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 320.23 251.20 Td (against ) Tj ET Q q 0 0 0 rg BT 347.83 251.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 375.93 251.20 Td (income ) Tj ET Q q 0 0 0 rg BT 404.53 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 413.65 251.20 Td (another ) Tj ET Q q 0 0 0 rg BT 442.74 251.20 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 487.95 251.20 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 510.31 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 523.42 251.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 560.53 251.20 Td (may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 240.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 50.81 240.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.62 240.40 Td (within ) Tj ET Q q 0 0 0 rg BT 88.43 240.40 Td (some ) Tj ET Q q 0 0 0 rg BT 109.24 240.40 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 155.56 240.40 Td (even ) Tj ET Q q 0 0 0 rg BT 174.36 240.40 Td (though ) Tj ET Q q 0 0 0 rg BT 201.17 240.40 Td (it ) Tj ET Q q 0 0 0 rg BT 207.99 240.40 Td (may ) Tj ET Q q 0 0 0 rg BT 225.30 240.40 Td (have ) Tj ET Q q 0 0 0 rg BT 244.10 240.40 Td (an ) Tj ET Q q 0 0 0 rg BT 254.41 240.40 Td (overall ) Tj ET Q q 0 0 0 rg BT 281.21 240.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 297.03 240.40 Td (at ) Tj ET Q q 0 0 0 rg BT 305.34 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 318.15 240.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 365.45 240.40 Td (level. ) Tj ET Q q 0 0 0 rg BT 386.87 240.40 Td (The ) Tj ET Q q 0 0 0 rg BT 402.68 240.40 Td (following ) Tj ET Q q 0 0 0 rg BT 439.49 240.40 Td (table ) Tj ET Q q 0 0 0 rg BT 458.80 240.40 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 503.60 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 516.41 240.40 Td (earliest ) Tj ET Q q 0 0 0 rg BT 544.21 240.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 557.01 240.40 Td (years ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.60 Td (that ) Tj ET Q q 0 0 0 rg BT 51.75 229.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 78.98 229.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 106.73 229.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.98 229.60 Td (examination ) Tj ET Q q 0 0 0 rg BT 162.71 229.60 Td (by ) Tj ET Q q 0 0 0 rg BT 173.96 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.21 229.60 Td (major ) Tj ET Q q 0 0 0 rg BT 210.45 229.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 238.68 229.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 285.43 229.60 Td (in ) Tj ET Q q 0 0 0 rg BT 294.68 229.60 Td (which ) Tj ET Q q 0 0 0 rg BT 318.93 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 332.17 229.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.42 229.60 Td (operates: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 193.10 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 193.10 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 167.10 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 167.10 70.00 -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 36.5 193.10000000000002 m 506.5 193.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 193.10000000000002 m 576.5 193.10000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.95 197.55 Td (Jurisdiction) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.50 206.55 Td (Earliest ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 197.55 Td (Open ) Tj ET Q q 0 0 0 rg BT 548.92 197.55 Td (Y) Tj ET Q q 0 0 0 rg BT 554.42 197.55 Td (ear) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.91 197.55 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 184.36 Td (United Kingdom ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.30 184.36 Td (2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 171.36 Td (Norway ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 171.36 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 158.36 Td (Faroe Islands *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 158.36 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 145.36 Td (Russia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 145.36 Td (2014) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 114.00 Td (* ) Tj ET Q q 0 0 0 rg BT 43.02 114.00 Td (North ) Tj ET Q q 0 0 0 rg BT 65.99 114.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 97.50 114.00 Td (operated ) Tj ET Q q 0 0 0 rg BT 131.01 114.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.53 114.00 Td (W) Tj ET Q q 0 0 0 rg BT 151.20 114.00 Td (est ) Tj ET Q q 0 0 0 rg BT 163.72 114.00 Td (Her) Tj ET Q q 0 0 0 rg BT 177.39 114.00 Td (cules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.88 114.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.40 114.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 227.43 114.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 243.95 114.00 Td (while ) Tj ET Q q 0 0 0 rg BT 266.47 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 279.99 114.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 296.52 114.00 Td (was ) Tj ET Q q 0 0 0 rg BT 313.04 114.00 Td (on ) Tj ET Q q 0 0 0 rg BT 324.57 114.00 Td (a ) Tj ET Q q 0 0 0 rg BT 331.09 114.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 362.59 114.00 Td (in ) Tj ET Q q 0 0 0 rg BT 372.12 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.64 114.00 Td (Faroe ) Tj ET Q q 0 0 0 rg BT 408.65 114.00 Td (Islands, ) Tj ET Q q 0 0 0 rg BT 438.93 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.45 114.00 Td (contracting ) Tj ET Q q 0 0 0 rg BT 495.45 114.00 Td (party ) Tj ET Q q 0 0 0 rg BT 516.47 114.00 Td (for ) Tj ET Q q 0 0 0 rg BT 529.49 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 543.01 114.00 Td (period ) Tj ET Q q 0 0 0 rg BT 568.53 114.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 103.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 75.74 103.20 Td (in ) Tj ET Q q 0 0 0 rg BT 84.99 103.20 Td (the ) Tj ET Q q 0 0 0 rg BT 98.24 103.20 Td (Faroe ) Tj ET Q q 0 0 0 rg BT 120.98 103.20 Td (Islands ) Tj ET Q q 0 0 0 rg BT 148.72 103.20 Td (was ) Tj ET Q q 0 0 0 rg BT 164.97 103.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 195.21 103.20 Td (Of) Tj ET Q q 0 0 0 rg BT 204.55 103.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 228.79 103.20 Td (AS. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 74.40 Td (Note 5 - Inter) Tj ET Q q 0 0 0 rg BT 93.30 74.40 Td (est expense) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-20) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 725.50 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 725.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 725.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 725.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 725.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 725.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 695.50 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 695.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 695.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 695.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 695.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 695.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 740.5 m 428.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 725.5 m 428.5 725.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 740.5 m 502.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 725.5 m 502.5 725.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 740.5 m 576.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 725.5 m 576.5 725.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 695.5 m 428.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 680.5 m 428.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 695.5 m 432.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 680.5 m 432.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 695.5 m 502.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 680.5 m 502.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 695.5 m 506.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 680.5 m 506.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 695.5 m 576.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 680.5 m 576.5 680.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 144.95 744.95 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.45 744.95 Td (Years ended December 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 729.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 729.95 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 729.95 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 714.96 Td (Gross interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 714.96 Td (105.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 714.96 Td (110.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 714.96 Td (95.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 699.96 Td (Capitalized interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 699.96 Td (7.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 699.96 Td (7.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 699.96 Td (10.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 684.95 Td (Net interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.25 684.95 Td (97.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 684.95 Td (103.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 684.95 Td (84.9) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 652.20 Td (Note 6 Earnings per) Tj ET Q q 0 0 0 rg BT 129.15 652.20 Td ( shar) Tj ET Q q 0 0 0 rg BT 150.36 652.20 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 624.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.51 624.60 Td (computation ) Tj ET Q q 0 0 0 rg BT 100.02 624.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.03 624.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 131.04 624.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 164.05 624.60 Td (per ) Tj ET Q q 0 0 0 rg BT 178.06 624.60 Td (share ) Tj ET Q q 0 0 0 rg BT 199.57 624.60 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 231.58 624.60 Td (is ) Tj ET Q q 0 0 0 rg BT 240.10 624.60 Td (based ) Tj ET Q q 0 0 0 rg BT 263.11 624.60 Td (on ) Tj ET Q q 0 0 0 rg BT 274.63 624.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.14 624.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 323.65 624.60 Td (average ) Tj ET Q q 0 0 0 rg BT 354.14 624.60 Td (number ) Tj ET Q q 0 0 0 rg BT 384.15 624.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.17 624.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 419.18 624.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 463.69 624.60 Td (during ) Tj ET Q q 0 0 0 rg BT 489.71 624.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.22 624.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 530.98 624.60 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 560.50 624.60 Td (EPS ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 68.24 613.80 Td (the ) Tj ET Q q 0 0 0 rg BT 81.49 613.80 Td (ef) Tj ET Q q 0 0 0 rg BT 88.32 613.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.05 613.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.80 613.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.05 613.80 Td (assumed ) Tj ET Q q 0 0 0 rg BT 160.29 613.80 Td (conversion ) Tj ET Q q 0 0 0 rg BT 202.03 613.80 Td (of ) Tj ET Q q 0 0 0 rg BT 211.78 613.80 Td (potentially ) Tj ET Q q 0 0 0 rg BT 252.52 613.80 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 282.27 613.80 Td (instruments. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 586.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 586.20 Td (components ) Tj ET Q q 0 0 0 rg BT 97.98 586.20 Td (of ) Tj ET Q q 0 0 0 rg BT 107.73 586.20 Td (the ) Tj ET Q q 0 0 0 rg BT 120.98 586.20 Td (numerator ) Tj ET Q q 0 0 0 rg BT 160.21 586.20 Td (for ) Tj ET Q q 0 0 0 rg BT 172.96 586.20 Td (the ) Tj ET Q q 0 0 0 rg BT 186.20 586.20 Td (calculation ) Tj ET Q q 0 0 0 rg BT 227.93 586.20 Td (of ) Tj ET Q q 0 0 0 rg BT 237.68 586.20 Td (basic ) Tj ET Q q 0 0 0 rg BT 258.42 586.20 Td (and ) Tj ET Q q 0 0 0 rg BT 273.67 586.20 Td (diluted ) Tj ET Q q 0 0 0 rg BT 300.91 586.20 Td (EPS ) Tj ET Q q 0 0 0 rg BT 318.67 586.20 Td (are ) Tj ET Q q 0 0 0 rg BT 331.91 586.20 Td (as ) Tj ET Q q 0 0 0 rg BT 341.65 586.20 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 546.70 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 546.70 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 546.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 546.70 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 546.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 546.70 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 520.70 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 520.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 520.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 520.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 520.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 520.70 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 358.5 559.7 m 428.5 559.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 559.7 m 432.5 559.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 559.7 m 502.5 559.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 559.7 m 506.5 559.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 559.7 m 576.5 559.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 546.7 m 428.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 546.7 m 432.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 546.7 m 502.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 546.7 m 506.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 546.7 m 576.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 546.7 m 358.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 546.7 m 428.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 546.7 m 432.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 546.7 m 502.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 546.7 m 506.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 546.7 m 576.5 546.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 520.7 m 358.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 520.7 m 428.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 520.7 m 432.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 520.7 m 502.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 520.7 m 506.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 520.7 m 576.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 520.7 m 358.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 506.7 m 358.5 506.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 520.7 m 428.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 506.7 m 428.5 506.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 520.7 m 432.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 506.7 m 432.5 506.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 520.7 m 502.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 506.7 m 502.5 506.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 520.7 m 506.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 506.7 m 506.5 506.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 520.7 m 576.5 520.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 506.7 m 576.5 506.7 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 563.95 Td (\(In millions of US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 564.10 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.00 551.10 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 551.10 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 551.10 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 537.96 Td (Net loss attributable to shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 537.96 Td (\(94.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 537.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 537.96 Td (\(332.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 537.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 537.96 Td (235.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 524.96 Td (Effect of dilution) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 524.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 524.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 524.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 511.96 Td (Diluted net income attributable to stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 511.96 Td (\(94.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 511.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 511.96 Td (\(332.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 511.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 511.96 Td (235.6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 479.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 479.60 Td (components ) Tj ET Q q 0 0 0 rg BT 97.98 479.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.73 479.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.98 479.60 Td (denominator ) Tj ET Q q 0 0 0 rg BT 168.71 479.60 Td (for ) Tj ET Q q 0 0 0 rg BT 181.46 479.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.70 479.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 236.43 479.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.18 479.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 266.92 479.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.17 479.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 309.41 479.60 Td (EPS ) Tj ET Q q 0 0 0 rg BT 327.17 479.60 Td (are ) Tj ET Q q 0 0 0 rg BT 340.41 479.60 Td (as ) Tj ET Q q 0 0 0 rg BT 350.16 479.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 410.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 410.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 410.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 410.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 410.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 410.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 381.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 381.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 381.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 381.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 381.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 381.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 352.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 352.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 352.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 352.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 352.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 352.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 324.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 324.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 324.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 324.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 324.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 324.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 296.10 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 296.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 296.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 296.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 296.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 296.10 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 358.5 452.1 m 428.5 452.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 452.1 m 432.5 452.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 452.1 m 502.5 452.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 452.1 m 506.5 452.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 452.1 m 576.5 452.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 438.1 m 428.5 438.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 438.1 m 432.5 438.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 438.1 m 502.5 438.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 438.1 m 506.5 438.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 438.1 m 576.5 438.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 438.1 m 502.5 438.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 424.1 m 502.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 424.1 m 358.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 424.1 m 428.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 424.1 m 432.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 424.1 m 502.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 424.1 m 506.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 424.1 m 576.5 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 338.1 m 358.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 338.1 m 428.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 338.1 m 432.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 338.1 m 502.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 338.1 m 506.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 338.1 m 576.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 338.1 m 358.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 338.1 m 428.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 338.1 m 432.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 338.1 m 502.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 338.1 m 506.5 338.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 338.1 m 576.5 338.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 457.35 Td (\(In millions of US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 457.50 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.00 443.50 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 443.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 443.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.50 429.35 Td (Restated*) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.50 429.35 Td (Restated*) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 415.35 Td (Basic loss per share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 401.36 Td (Weighted average number of common shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 401.36 Td (24.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 401.36 Td (24.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 401.36 Td (22.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 372.35 Td (Diluted loss per share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 358.36 Td (Weighted average number of common shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 358.36 Td (24.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 358.36 Td (24.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 358.36 Td (22.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 343.36 Td (Effect of dilution) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 343.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 343.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 343.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 329.36 Td (Diluted numbers of shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 329.36 Td (24.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 329.36 Td (24.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 329.36 Td (22.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 301.36 Td (Basic loss per share \(US$\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 301.36 Td (\(3.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 301.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 301.36 Td (\(13.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 301.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 301.36 Td (10.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 287.36 Td (Diluted loss per share \(US$\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.25 287.36 Td (\(3.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 287.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 287.36 Td (\(13.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 287.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 287.36 Td (10.35) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 255.00 Td (* ) Tj ET Q q 0 0 0 rg BT 42.08 255.00 Td (As ) Tj ET Q q 0 0 0 rg BT 54.10 255.00 Td (a ) Tj ET Q q 0 0 0 rg BT 60.12 255.00 Td (result ) Tj ET Q q 0 0 0 rg BT 82.14 255.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.65 255.00 Td (the ) Tj ET Q q 0 0 0 rg BT 104.67 255.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 111.19 255.00 Td (for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.71 255.00 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.71 255.00 Td ( ) Tj ET Q q 0 0 0 rg BT 134.73 255.00 Td (reverse ) Tj ET Q q 0 0 0 rg BT 162.74 255.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 183.76 255.00 Td (split ) Tj ET Q q 0 0 0 rg BT 201.28 255.00 Td (and ) Tj ET Q q 0 0 0 rg BT 216.30 255.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.31 255.00 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 280.57 255.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.59 255.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 326.10 255.00 Td (per ) Tj ET Q q 0 0 0 rg BT 339.61 255.00 Td (share ) Tj ET Q q 0 0 0 rg BT 360.62 255.00 Td (has ) Tj ET Q q 0 0 0 rg BT 374.64 255.00 Td (been ) Tj ET Q q 0 0 0 rg BT 393.65 255.00 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 449.15 255.00 Td (adjusted. ) Tj ET Q q 0 0 0 rg BT 483.42 255.00 Td (Refer ) Tj ET Q q 0 0 0 rg BT 505.43 255.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.45 255.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 533.97 255.00 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.97 255.00 Td ( ) Tj ET Q q 0 0 0 rg BT 544.99 255.00 Td (for ) Tj ET Q q 0 0 0 rg BT 557.51 255.00 Td (more ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 244.20 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 215.40 Td (Note 7 Restricted cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 187.85 Td (Short ) Tj ET Q q 0 0 0 rg BT 57.75 187.85 Td (term ) Tj ET Q q 0 0 0 rg BT 76.50 187.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 112.23 187.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.47 187.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 140.22 187.85 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 158.22 187.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.22 187.85 Td ( ) Tj ET Q q 0 0 0 rg BT 186.47 187.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.71 187.85 Td ($1) Tj ET Q q 0 0 0 rg BT 210.38 187.85 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 223.88 187.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.88 187.85 Td ( ) Tj ET Q q 0 0 0 rg BT 252.13 187.85 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.88 187.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 313.60 187.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.60 187.85 Td ( ) Tj ET Q q 0 0 0 rg BT 333.85 187.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.10 187.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.10 187.85 Td (, ) Tj ET Q q 0 0 0 rg BT 371.60 187.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 414.49 187.85 Td (, ) Tj ET Q q 0 0 0 rg BT 418.99 187.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 446.24 187.85 Td (relates ) Tj ET Q q 0 0 0 rg BT 471.97 187.85 Td (to ) Tj ET Q q 0 0 0 rg BT 481.22 187.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 494.47 187.85 Td (withholding ) Tj ET Q q 0 0 0 rg BT 540.22 187.85 Td (deposits. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 159.05 Td (Note 8 ) Tj ET Q q 0 0 0 rg BT 72.94 159.05 Td (Accounts r) Tj ET Q q 0 0 0 rg BT 119.14 159.05 Td (eceivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 131.45 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 72.00 131.45 Td (receivable ) Tj ET Q q 0 0 0 rg BT 110.98 131.45 Td (are ) Tj ET Q q 0 0 0 rg BT 123.97 131.45 Td (presented ) Tj ET Q q 0 0 0 rg BT 160.46 131.45 Td (net ) Tj ET Q q 0 0 0 rg BT 173.46 131.45 Td (of ) Tj ET Q q 0 0 0 rg BT 182.96 131.45 Td (allowances ) Tj ET Q q 0 0 0 rg BT 224.95 131.45 Td (for ) Tj ET Q q 0 0 0 rg BT 237.45 131.45 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 269.96 131.45 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 305.55 131.45 Td (The ) Tj ET Q q 0 0 0 rg BT 321.55 131.45 Td (allowance ) Tj ET Q q 0 0 0 rg BT 360.04 131.45 Td (for ) Tj ET Q q 0 0 0 rg BT 372.54 131.45 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 405.04 131.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 438.54 131.45 Td (receivables ) Tj ET Q q 0 0 0 rg BT 481.02 131.45 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.52 131.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.00 131.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.00 131.45 Td ( ) Tj ET Q q 0 0 0 rg BT 562.01 131.45 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 120.65 Td ($12.1 ) Tj ET Q q 0 0 0 rg BT 58.50 120.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.50 120.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.75 120.65 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.75 120.65 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.75 120.65 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.50 120.65 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 130.50 120.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.50 120.65 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.00 120.65 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.00 120.65 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.75 120.65 Td ($22.2 ) Tj ET Q q 0 0 0 rg BT 206.25 120.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.26 120.65 Td (\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 93.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 93.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.49 93.05 Td (did ) Tj ET Q q 0 0 0 rg BT 103.24 93.05 Td (not ) Tj ET Q q 0 0 0 rg BT 116.99 93.05 Td (recognize ) Tj ET Q q 0 0 0 rg BT 154.22 93.05 Td (any ) Tj ET Q q 0 0 0 rg BT 169.46 93.05 Td (bad ) Tj ET Q q 0 0 0 rg BT 184.71 93.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 202.45 93.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 233.69 93.05 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.94 93.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.94 93.05 Td ( ) Tj ET Q q 0 0 0 rg BT 263.19 93.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.43 93.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.43 93.05 Td (, ) Tj ET Q q 0 0 0 rg BT 300.93 93.05 Td (but ) Tj ET Q q 0 0 0 rg BT 314.68 93.05 Td (has ) Tj ET Q q 0 0 0 rg BT 328.93 93.05 Td (instead ) Tj ET Q q 0 0 0 rg BT 356.67 93.05 Td (reduced ) Tj ET Q q 0 0 0 rg BT 387.40 93.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 418.64 93.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 449.37 93.05 Td (for ) Tj ET Q q 0 0 0 rg BT 462.11 93.05 Td (any ) Tj ET Q q 0 0 0 rg BT 477.36 93.05 Td (disputed ) Tj ET Q q 0 0 0 rg BT 510.10 93.05 Td (amounts.) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Note 9 Other) Tj ET Q q 0 0 0 rg BT 98.86 749.25 Td ( curr) Tj ET Q q 0 0 0 rg BT 120.05 749.25 Td (ent assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 696.95 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 696.95 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 696.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 696.95 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 668.95 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 668.95 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 668.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 668.95 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 640.95 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 640.95 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 640.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 640.95 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 36.5 696.95 m 432.5 696.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 696.95 m 502.5 696.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 696.95 m 506.5 696.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 696.95 m 576.5 696.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 626.95 m 432.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 613.95 m 432.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 611.95 m 432.5 611.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 626.95 m 502.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 613.95 m 502.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 611.95 m 502.5 611.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 626.95 m 506.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 613.95 m 506.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 611.95 m 506.5 611.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 626.95 m 576.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 613.95 m 576.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 611.95 m 576.5 611.95 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 712.26 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 701.40 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 710.40 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 701.40 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 710.40 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 701.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 687.41 Td (Reimbursable amounts due from customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 687.41 Td (7.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 687.41 Td (6.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 673.41 Td (Prepaid expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 673.41 Td (5.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 673.41 Td (0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 659.41 Td (Deferredtax effect ofinternal transfer of assets current portion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 659.41 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 659.41 Td (9.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 645.41 Td (VAT receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 645.41 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 645.41 Td (3.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 631.41 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 631.41 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 631.41 Td (2.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 617.40 Td (Total other current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 617.40 Td (25.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 617.40 Td (22.0) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 584.65 Td (Note 10 Newbuildings) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 535.15 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 535.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 535.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 535.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 509.15 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 509.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 509.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 509.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 483.15 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 483.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 483.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 483.15 70.00 -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 36.5 483.15 m 432.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 483.15 m 502.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 483.15 m 506.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 483.15 m 576.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 483.15 m 432.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 471.15 m 432.5 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 469.15 m 432.5 469.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 483.15 m 502.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 471.15 m 502.5 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 469.15 m 502.5 469.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 483.15 m 506.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 471.15 m 506.5 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 469.15 m 506.5 469.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 483.15 m 576.5 483.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 471.15 m 576.5 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 469.15 m 576.5 469.15 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 552.60 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 561.60 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 552.60 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 561.60 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 552.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 539.41 Td (Opening balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 539.41 Td (172.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 539.41 Td (312.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 526.41 Td (Additions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 526.41 Td (30.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 526.41 Td (441.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 513.41 Td (Capitalized interest and loan related costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 513.41 Td (7.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 513.41 Td (7.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 500.41 Td (Re-classified as Drilling rigs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 500.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 500.41 Td (\(589.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 500.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 487.41 Td (Re-classified as held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 487.41 Td (\(210.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 487.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 487.41 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 474.55 Td (Closing balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 474.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 474.55 Td (172.6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 456.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 443.05 Td (Additions ) Tj ET Q q 0 0 0 rg BT 74.10 443.05 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.70 443.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.70 443.05 Td ( ) Tj ET Q q 0 0 0 rg BT 104.30 443.05 Td (are ) Tj ET Q q 0 0 0 rg BT 117.89 443.05 Td (related ) Tj ET Q q 0 0 0 rg BT 144.97 443.05 Td (to ) Tj ET Q q 0 0 0 rg BT 154.57 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 168.17 443.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 215.25 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 225.35 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 238.95 443.05 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 305.03 443.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.13 443.05 Td (rig ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.73 443.05 Td (W) Tj ET Q q 0 0 0 rg BT 353.40 443.05 Td (est ) Tj ET Q q 0 0 0 rg BT 366.00 443.05 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.99 443.05 Td (. ) Tj ET Q q 0 0 0 rg BT 389.27 443.05 Td (Additions ) Tj ET Q q 0 0 0 rg BT 427.37 443.05 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.97 443.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.97 443.05 Td ( ) Tj ET Q q 0 0 0 rg BT 457.57 443.05 Td (are ) Tj ET Q q 0 0 0 rg BT 471.16 443.05 Td (related ) Tj ET Q q 0 0 0 rg BT 498.24 443.05 Td (to ) Tj ET Q q 0 0 0 rg BT 507.84 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 521.43 443.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 568.52 443.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 432.25 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 65.24 432.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 93.99 432.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 109.57 432.25 Td (W) Tj ET Q q 0 0 0 rg BT 117.35 432.25 Td (est ) Tj ET Q q 0 0 0 rg BT 129.59 432.25 Td (Linus ) Tj ET Q q 0 0 0 rg BT 152.35 432.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.59 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.83 432.25 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 246.57 432.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 275.32 432.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 287.41 432.25 Td (W) Tj ET Q q 0 0 0 rg BT 295.18 432.25 Td (est ) Tj ET Q q 0 0 0 rg BT 307.43 432.25 Td (Rigel.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 404.65 Td (As ) Tj ET Q q 0 0 0 rg BT 49.06 404.65 Td (of ) Tj ET Q q 0 0 0 rg BT 59.61 404.65 Td (December ) Tj ET Q q 0 0 0 rg BT 99.64 404.65 Td (2, ) Tj ET Q q 0 0 0 rg BT 109.44 404.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 132.75 404.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 146.79 404.65 Td (W) Tj ET Q q 0 0 0 rg BT 153.47 404.65 Td (est ) Tj ET Q q 0 0 0 rg BT 166.52 404.65 Td (Rigel, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.81 404.65 Td (with ) Tj ET Q q 0 0 0 rg BT 209.87 404.65 Td (book ) Tj ET Q q 0 0 0 rg BT 230.92 404.65 Td (value ) Tj ET Q q 0 0 0 rg BT 253.47 404.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.02 404.65 Td ($210.4 ) Tj ET Q q 0 0 0 rg BT 291.82 404.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.83 404.65 Td (, ) Tj ET Q q 0 0 0 rg BT 323.13 404.65 Td (was ) Tj ET Q q 0 0 0 rg BT 340.18 404.65 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 384.21 404.65 Td (as ) Tj ET Q q 0 0 0 rg BT 394.77 404.65 Td (an ) Tj ET Q q 0 0 0 rg BT 406.31 404.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 426.86 404.65 Td (held ) Tj ET Q q 0 0 0 rg BT 445.41 404.65 Td (for ) Tj ET Q q 0 0 0 rg BT 458.96 404.65 Td (sale. ) Tj ET Q q 0 0 0 rg BT 478.26 404.65 Td (Refer ) Tj ET Q q 0 0 0 rg BT 501.30 404.65 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.35 404.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 531.90 404.65 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.90 404.65 Td ( ) Tj ET Q q 0 0 0 rg BT 543.96 404.65 Td (for ) Tj ET Q q 0 0 0 rg BT 557.50 404.65 Td (more ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 393.85 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 366.25 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 366.25 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 108.97 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.22 366.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 146.97 366.25 Td (units ) Tj ET Q q 0 0 0 rg BT 166.72 366.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.97 366.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 196.22 366.25 Td (is ) Tj ET Q q 0 0 0 rg BT 204.47 366.25 Td (related ) Tj ET Q q 0 0 0 rg BT 231.21 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.46 366.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.70 366.25 Td (W) Tj ET Q q 0 0 0 rg BT 260.37 366.25 Td (est ) Tj ET Q q 0 0 0 rg BT 272.62 366.25 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.63 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.88 366.25 Td (which ) Tj ET Q q 0 0 0 rg BT 319.12 366.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 364.85 366.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 404.59 366.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.84 366.25 Td (May ) Tj ET Q q 0 0 0 rg BT 432.59 366.25 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 337.45 Td (Note 1) Tj ET Q q 0 0 0 rg BT 62.94 337.45 Td (1 Drilling rigs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 323.65 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 287.15 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 287.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 287.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 287.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 261.15 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 261.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 261.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 261.15 70.00 -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 36.5 287.15 m 432.5 287.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 287.15 m 502.5 287.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 287.15 m 506.5 287.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 287.15 m 576.5 287.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 261.15 m 432.5 261.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 249.14999999999998 m 432.5 249.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 247.14999999999998 m 432.5 247.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 261.15 m 502.5 261.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 249.14999999999998 m 502.5 249.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 247.14999999999998 m 502.5 247.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 261.15 m 506.5 261.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 249.14999999999998 m 506.5 249.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 247.14999999999998 m 506.5 247.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 261.15 m 576.5 261.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 249.14999999999998 m 576.5 249.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 247.14999999999998 m 576.5 247.14999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 291.60 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.96 291.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.30 300.60 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 291.60 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.30 300.60 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 291.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 278.41 Td (Cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 278.41 Td (4,116.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 278.41 Td (4,079.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 265.41 Td (Accumulated depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 265.41 Td (\(1,378.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 265.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 265.41 Td (\(1,156.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 265.41 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 252.55 Td (Net book value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 252.55 Td (2,738.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 252.55 Td (2,923.5) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 221.05 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 84.62 221.05 Td (and ) Tj ET Q q 0 0 0 rg BT 99.76 221.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 147.39 221.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 178.52 221.05 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.66 221.05 Td ($221.9 ) Tj ET Q q 0 0 0 rg BT 221.55 221.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.55 221.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.94 221.05 Td ($212.2 ) Tj ET Q q 0 0 0 rg BT 278.84 221.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.84 221.05 Td ( ) Tj ET Q q 0 0 0 rg BT 306.98 221.05 Td (and ) Tj ET Q q 0 0 0 rg BT 322.12 221.05 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.62 221.05 Td (188.0 ) Tj ET Q q 0 0 0 rg BT 349.02 221.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.02 221.05 Td ( ) Tj ET Q q 0 0 0 rg BT 377.16 221.05 Td (for ) Tj ET Q q 0 0 0 rg BT 389.80 221.05 Td (the ) Tj ET Q q 0 0 0 rg BT 402.94 221.05 Td (years ) Tj ET Q q 0 0 0 rg BT 424.07 221.05 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.70 221.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.32 221.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.32 221.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.72 221.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.72 221.05 Td ( ) Tj ET Q q 0 0 0 rg BT 542.86 221.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 221.05 Td (2013) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 210.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 78.90 210.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 181.45 Td (Note 12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 181.45 Td ( - ) Tj ET Q q 0 0 0 rg BT 78.77 181.45 Td (Asset held for) Tj ET Q q 0 0 0 rg BT 137.47 181.45 Td ( sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 153.85 Td (On ) Tj ET Q q 0 0 0 rg BT 49.61 153.85 Td (December ) Tj ET Q q 0 0 0 rg BT 89.19 153.85 Td (2, ) Tj ET Q q 0 0 0 rg BT 98.55 153.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 121.41 153.85 Td (the ) Tj ET Q q 0 0 0 rg BT 135.02 153.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.62 153.85 Td (signed ) Tj ET Q q 0 0 0 rg BT 198.73 153.85 Td (an ) Tj ET Q q 0 0 0 rg BT 209.84 153.85 Td (amendment ) Tj ET Q q 0 0 0 rg BT 254.43 153.85 Td (with ) Tj ET Q q 0 0 0 rg BT 273.04 153.85 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 300.15 153.85 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 335.26 153.85 Td (\("Jurong"\) ) Tj ET Q q 0 0 0 rg BT 375.71 153.85 Td (for ) Tj ET Q q 0 0 0 rg BT 388.81 153.85 Td (the ) Tj ET Q q 0 0 0 rg BT 402.41 153.85 Td (deferral ) Tj ET Q q 0 0 0 rg BT 433.00 153.85 Td (of ) Tj ET Q q 0 0 0 rg BT 443.11 153.85 Td (the ) Tj ET Q q 0 0 0 rg BT 456.71 153.85 Td (delivery ) Tj ET Q q 0 0 0 rg BT 488.81 153.85 Td (of ) Tj ET Q q 0 0 0 rg BT 498.91 153.85 Td (the ) Tj ET Q q 0 0 0 rg BT 512.52 153.85 Td (semi-submersible ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 143.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.34 143.05 Td (unit, ) Tj ET Q q 0 0 0 rg BT 82.42 143.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.26 143.05 Td (W) Tj ET Q q 0 0 0 rg BT 101.93 143.05 Td (est ) Tj ET Q q 0 0 0 rg BT 113.76 143.05 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.75 143.05 Td ( ) Tj ET Q q 0 0 0 rg BT 134.59 143.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 150.42 143.05 Td ("Unit"\). ) Tj ET Q q 0 0 0 rg BT 180.72 143.05 Td (The ) Tj ET Q q 0 0 0 rg BT 196.55 143.05 Td (deferral ) Tj ET Q q 0 0 0 rg BT 226.36 143.05 Td (period ) Tj ET Q q 0 0 0 rg BT 251.19 143.05 Td (lasts ) Tj ET Q q 0 0 0 rg BT 269.03 143.05 Td (until ) Tj ET Q q 0 0 0 rg BT 287.37 143.05 Td (June ) Tj ET Q q 0 0 0 rg BT 305.70 143.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 327.79 143.05 Td (following ) Tj ET Q q 0 0 0 rg BT 364.62 143.05 Td (completion ) Tj ET Q q 0 0 0 rg BT 406.95 143.05 Td (of ) Tj ET Q q 0 0 0 rg BT 416.28 143.05 Td (which, ) Tj ET Q q 0 0 0 rg BT 442.37 143.05 Td (the ) Tj ET Q q 0 0 0 rg BT 455.20 143.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 492.03 143.05 Td (and ) Tj ET Q q 0 0 0 rg BT 506.86 143.05 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 533.20 143.05 Td (have ) Tj ET Q q 0 0 0 rg BT 552.03 143.05 Td (agreed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 132.25 Td (to ) Tj ET Q q 0 0 0 rg BT 44.46 132.25 Td (form ) Tj ET Q q 0 0 0 rg BT 63.42 132.25 Td (a ) Tj ET Q q 0 0 0 rg BT 68.87 132.25 Td (Joint ) Tj ET Q q 0 0 0 rg BT 87.52 132.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 108.98 132.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 139.94 132.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.40 132.25 Td (for ) Tj ET Q q 0 0 0 rg BT 188.35 132.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 206.32 132.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 245.27 132.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.23 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.69 132.25 Td (Unit, ) Tj ET Q q 0 0 0 rg BT 286.40 132.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.86 132.25 Td (be ) Tj ET Q q 0 0 0 rg BT 304.82 132.25 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.27 132.25 Td (23%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.77 132.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.23 132.25 Td (by ) Tj ET Q q 0 0 0 rg BT 358.69 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.15 132.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.61 132.25 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.06 132.25 Td (77%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.56 132.25 Td ( ) Tj ET Q q 0 0 0 rg BT 440.02 132.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.48 132.25 Td (Jurong, ) Tj ET Q q 0 0 0 rg BT 478.70 132.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.16 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.61 132.25 Td (event ) Tj ET Q q 0 0 0 rg BT 520.57 132.25 Td (no ) Tj ET Q q 0 0 0 rg BT 531.03 132.25 Td (employment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 121.45 Td (is ) Tj ET Q q 0 0 0 rg BT 44.38 121.45 Td (secured ) Tj ET Q q 0 0 0 rg BT 74.23 121.45 Td (for ) Tj ET Q q 0 0 0 rg BT 87.10 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.46 121.45 Td (Unit ) Tj ET Q q 0 0 0 rg BT 118.84 121.45 Td (and ) Tj ET Q q 0 0 0 rg BT 134.20 121.45 Td (no ) Tj ET Q q 0 0 0 rg BT 145.58 121.45 Td (alternative ) Tj ET Q q 0 0 0 rg BT 185.92 121.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 227.78 121.45 Td (is ) Tj ET Q q 0 0 0 rg BT 236.16 121.45 Td (completed. ) Tj ET Q q 0 0 0 rg BT 278.26 121.45 Td ( ) Tj ET Q q 0 0 0 rg BT 280.64 121.45 Td (Until ) Tj ET Q q 0 0 0 rg BT 301.51 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 314.88 121.45 Td (end ) Tj ET Q q 0 0 0 rg BT 330.24 121.45 Td (of ) Tj ET Q q 0 0 0 rg BT 340.11 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 353.48 121.45 Td (deferral ) Tj ET Q q 0 0 0 rg BT 383.83 121.45 Td (period, ) Tj ET Q q 0 0 0 rg BT 411.44 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 424.81 121.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 462.18 121.45 Td (will ) Tj ET Q q 0 0 0 rg BT 478.55 121.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 511.91 121.45 Td (to ) Tj ET Q q 0 0 0 rg BT 521.29 121.45 Td (market ) Tj ET Q q 0 0 0 rg BT 548.65 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 562.01 121.45 Td (unit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 110.65 Td (for ) Tj ET Q q 0 0 0 rg BT 49.14 110.65 Td (an ) Tj ET Q q 0 0 0 rg BT 60.28 110.65 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 100.89 110.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 130.04 110.65 Td (contract, ) Tj ET Q q 0 0 0 rg BT 163.92 110.65 Td (and ) Tj ET Q q 0 0 0 rg BT 179.56 110.65 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 110.65 Td (Unit ) Tj ET Q q 0 0 0 rg BT 211.84 110.65 Td (will ) Tj ET Q q 0 0 0 rg BT 228.49 110.65 Td (remain ) Tj ET Q q 0 0 0 rg BT 256.12 110.65 Td (at ) Tj ET Q q 0 0 0 rg BT 265.26 110.65 Td (the ) Tj ET Q q 0 0 0 rg BT 278.90 110.65 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 306.05 110.65 Td (Shipyard ) Tj ET Q q 0 0 0 rg BT 341.19 110.65 Td (in ) Tj ET Q q 0 0 0 rg BT 350.84 110.65 Td (Singapore. ) Tj ET Q q 0 0 0 rg BT 392.03 110.65 Td (The ) Tj ET Q q 0 0 0 rg BT 408.67 110.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 446.31 110.65 Td (and ) Tj ET Q q 0 0 0 rg BT 461.96 110.65 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 489.10 110.65 Td (may ) Tj ET Q q 0 0 0 rg BT 507.24 110.65 Td (also ) Tj ET Q q 0 0 0 rg BT 524.38 110.65 Td (consider ) Tj ET Q q 0 0 0 rg BT 557.52 110.65 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 99.85 Td (commercial ) Tj ET Q q 0 0 0 rg BT 80.39 99.85 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 129.79 99.85 Td (for ) Tj ET Q q 0 0 0 rg BT 142.19 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 155.10 99.85 Td (Unit ) Tj ET Q q 0 0 0 rg BT 173.00 99.85 Td (during ) Tj ET Q q 0 0 0 rg BT 198.41 99.85 Td (this ) Tj ET Q q 0 0 0 rg BT 213.32 99.85 Td (period. ) Tj ET Q q 0 0 0 rg BT 240.47 99.85 Td (However) Tj ET Q q 0 0 0 rg BT 273.10 99.85 Td (, ) Tj ET Q q 0 0 0 rg BT 277.26 99.85 Td (based ) Tj ET Q q 0 0 0 rg BT 299.66 99.85 Td (on ) Tj ET Q q 0 0 0 rg BT 310.56 99.85 Td (current ) Tj ET Q q 0 0 0 rg BT 337.96 99.85 Td (market ) Tj ET Q q 0 0 0 rg BT 364.85 99.85 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 406.51 99.85 Td (management ) Tj ET Q q 0 0 0 rg BT 454.40 99.85 Td (deems ) Tj ET Q q 0 0 0 rg BT 479.30 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 492.20 99.85 Td (most ) Tj ET Q q 0 0 0 rg BT 511.61 99.85 Td (probable ) Tj ET Q q 0 0 0 rg BT 545.01 99.85 Td (outcome ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 89.05 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 89.05 Td (be ) Tj ET Q q 0 0 0 rg BT 56.00 89.05 Td (that ) Tj ET Q q 0 0 0 rg BT 71.74 89.05 Td (the ) Tj ET Q q 0 0 0 rg BT 84.99 89.05 Td (Unit ) Tj ET Q q 0 0 0 rg BT 103.24 89.05 Td (will ) Tj ET Q q 0 0 0 rg BT 119.49 89.05 Td (be ) Tj ET Q q 0 0 0 rg BT 130.23 89.05 Td (contributed ) Tj ET Q q 0 0 0 rg BT 173.47 89.05 Td (to ) Tj ET Q q 0 0 0 rg BT 182.72 89.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.97 89.05 Td (Joint ) Tj ET Q q 0 0 0 rg BT 215.22 89.05 Td (Asset ) Tj ET Q q 0 0 0 rg BT 237.47 89.05 Td (Holding ) Tj ET Q q 0 0 0 rg BT 269.22 89.05 Td (Company) Tj ET Q q 0 0 0 rg BT 303.64 89.05 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.45 Td (As ) Tj ET Q q 0 0 0 rg BT 48.41 61.45 Td (a ) Tj ET Q q 0 0 0 rg BT 54.81 61.45 Td (result, ) Tj ET Q q 0 0 0 rg BT 79.47 61.45 Td (the ) Tj ET Q q 0 0 0 rg BT 92.87 61.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.28 61.45 Td (has ) Tj ET Q q 0 0 0 rg BT 144.69 61.45 Td (concluded ) Tj ET Q q 0 0 0 rg BT 184.08 61.45 Td (that ) Tj ET Q q 0 0 0 rg BT 199.99 61.45 Td (the ) Tj ET Q q 0 0 0 rg BT 213.22 61.45 Td (W) Tj ET Q q 0 0 0 rg BT 220.99 61.45 Td (est ) Tj ET Q q 0 0 0 rg BT 233.40 61.45 Td (Rigel ) Tj ET Q q 0 0 0 rg BT 255.30 61.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 284.21 61.45 Td (unit ) Tj ET Q q 0 0 0 rg BT 300.62 61.45 Td (should ) Tj ET Q q 0 0 0 rg BT 327.03 61.45 Td (be ) Tj ET Q q 0 0 0 rg BT 337.94 61.45 Td (classified ) Tj ET Q q 0 0 0 rg BT 374.33 61.45 Td (as ) Tj ET Q q 0 0 0 rg BT 384.24 61.45 Td (Held ) Tj ET Q q 0 0 0 rg BT 408.14 61.45 Td (for ) Tj ET Q q 0 0 0 rg BT 421.04 61.45 Td (Sale ) Tj ET Q q 0 0 0 rg BT 442.94 61.45 Td (as ) Tj ET Q q 0 0 0 rg BT 452.85 61.45 Td (at ) Tj ET Q q 0 0 0 rg BT 461.75 61.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 514.64 61.45 Td (2015. ) Tj ET Q q 0 0 0 rg BT 537.30 61.45 Td ( ) Tj ET Q q 0 0 0 rg BT 539.17 61.45 Td (A) Tj ET Q q 0 0 0 rg BT 545.18 61.45 Td ( ) Tj ET Q q 0 0 0 rg BT 547.59 61.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 564.00 61.45 Td (has ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.65 Td (been ) Tj ET Q q 0 0 0 rg BT 55.20 50.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.90 50.65 Td (in ) Tj ET Q q 0 0 0 rg BT 106.11 50.65 Td (the ) Tj ET Q q 0 0 0 rg BT 119.32 50.65 Td (year ) Tj ET Q q 0 0 0 rg BT 137.02 50.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.73 50.65 Td ($82 ) Tj ET Q q 0 0 0 rg BT 162.45 50.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.45 50.65 Td (, ) Tj ET Q q 0 0 0 rg BT 192.92 50.65 Td (which ) Tj ET Q q 0 0 0 rg BT 217.13 50.65 Td (is ) Tj ET Q q 0 0 0 rg BT 225.34 50.65 Td (the ) Tj ET Q q 0 0 0 rg BT 238.55 50.65 Td (dif) Tj ET Q q 0 0 0 rg BT 248.39 50.65 Td (ference ) Tj ET Q q 0 0 0 rg BT 277.08 50.65 Td (between ) Tj ET Q q 0 0 0 rg BT 309.27 50.65 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 50.65 Td (net ) Tj ET Q q 0 0 0 rg BT 335.69 50.65 Td (book ) Tj ET Q q 0 0 0 rg BT 355.91 50.65 Td (value ) Tj ET Q q 0 0 0 rg BT 377.61 50.65 Td (of ) Tj ET Q q 0 0 0 rg BT 387.33 50.65 Td (the ) Tj ET Q q 0 0 0 rg BT 400.54 50.65 Td (unit ) Tj ET Q q 0 0 0 rg BT 416.75 50.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.46 50.65 Td ($210.4 ) Tj ET Q q 0 0 0 rg BT 453.43 50.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.43 50.65 Td (, ) Tj ET Q q 0 0 0 rg BT 483.90 50.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 521.59 50.65 Td (to ) Tj ET Q q 0 0 0 rg BT 530.81 50.65 Td (the ) Tj ET Q q 0 0 0 rg BT 544.02 50.65 Td (expected ) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 80.87 749.80 Td (value ) Tj ET Q q 0 0 0 rg BT 103.27 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.67 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.56 749.80 Td (Company) Tj ET Q q 0 0 0 rg BT 165.06 749.80 Td (s ) Tj ET Q q 0 0 0 rg BT 171.47 749.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 213.87 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 223.77 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 237.67 749.80 Td (Joint ) Tj ET Q q 0 0 0 rg BT 257.44 749.80 Td (Asset ) Tj ET Q q 0 0 0 rg BT 280.34 749.80 Td (Holding ) Tj ET Q q 0 0 0 rg BT 312.74 749.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.65 749.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.05 749.80 Td ($128.4 ) Tj ET Q q 0 0 0 rg BT 388.70 749.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.70 749.80 Td (. ) Tj ET Q q 0 0 0 rg BT 419.86 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 422.55 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 439.45 749.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 456.36 749.80 Td (has ) Tj ET Q q 0 0 0 rg BT 471.26 749.80 Td (been ) Tj ET Q q 0 0 0 rg BT 491.15 749.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 533.53 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 543.43 749.80 Td ("Loss ) Tj ET Q q 0 0 0 rg BT 567.01 749.80 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (disposal" ) Tj ET Q q 0 0 0 rg BT 71.42 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 80.67 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 93.92 739.00 Td (Statement ) Tj ET Q q 0 0 0 rg BT 132.16 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.91 739.00 Td (Operations.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 686.70 470.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 686.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 656.70 470.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 656.70 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 686.7 m 506.5 686.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 686.7 m 576.5 686.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 656.7 m 506.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 641.7 m 506.5 641.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 656.7 m 576.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 641.7 m 576.5 641.7 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 701.55 Td (\(In millions of US$\)) Tj ET Q BT /F3 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.65 703.10 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.00 694.10 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 677.96 Td (West Rigel newbuild investment, classified as held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 677.96 Td (210.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 662.96 Td (Loss on disposal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 662.96 Td (\(82.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 662.96 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 648.10 Td (Closing balance at the end of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 648.10 Td (128.4) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 599.60 Td (Note 13 Other) Tj ET Q q 0 0 0 rg BT 103.86 599.60 Td ( non-curr) Tj ET Q q 0 0 0 rg BT 144.51 599.60 Td (ent assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 548.30 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 548.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 548.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 548.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 522.30 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 522.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 522.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 522.30 70.00 -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 36.5 548.3 m 432.5 548.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 548.3 m 502.5 548.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 548.3 m 506.5 548.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 548.3 m 576.5 548.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 522.3 m 432.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 522.3 m 502.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 522.3 m 506.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 522.3 m 576.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 522.3 m 432.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 510.3 m 432.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 508.3 m 432.5 508.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 522.3 m 502.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 510.3 m 502.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 508.3 m 502.5 508.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 522.3 m 506.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 510.3 m 506.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 508.3 m 506.5 508.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 522.3 m 576.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 510.3 m 576.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 508.3 m 576.5 508.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 552.75 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 561.75 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 552.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 561.75 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 552.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 539.56 Td (Deferred tax effect of internal transfer of assets long term portion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 539.56 Td (92.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 539.56 Td (102.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 526.56 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 526.56 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 526.56 Td (2.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 513.70 Td (Total other non-current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 513.70 Td (94.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 513.70 Td (104.0) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 484.00 Td (Note 14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 484.00 Td ( Long-term inter) Tj ET Q q 0 0 0 rg BT 147.46 484.00 Td (est bearing debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 456.40 Td (As ) Tj ET Q q 0 0 0 rg BT 48.25 456.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 456.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 110.72 456.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.72 456.40 Td ( ) Tj ET Q q 0 0 0 rg BT 130.97 456.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.22 456.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 198.94 456.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.94 456.40 Td (, ) Tj ET Q q 0 0 0 rg BT 221.44 456.40 Td (the ) Tj ET Q q 0 0 0 rg BT 234.69 456.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.94 456.40 Td (had ) Tj ET Q q 0 0 0 rg BT 287.18 456.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.43 456.40 Td (following ) Tj ET Q q 0 0 0 rg BT 337.68 456.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 355.42 456.40 Td (facilities: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 406.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 406.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 406.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 406.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 380.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 380.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 380.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 380.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 352.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 352.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 352.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 352.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 326.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 326.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 326.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 326.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 300.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 300.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 300.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 300.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 274.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 274.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 274.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 274.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 247.90 396.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 247.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 247.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 247.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 220.90 396.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 220.90 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 220.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 220.90 70.00 -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 36.5 419.9 m 432.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 419.9 m 502.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 419.9 m 506.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 419.9 m 576.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 380.9 m 502.5 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 380.9 m 576.5 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 313.9 m 502.5 313.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 313.9 m 506.5 313.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 313.9 m 576.5 313.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 261.9 m 502.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 248.89999999999998 m 502.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 246.89999999999998 m 502.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 261.9 m 506.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 248.89999999999998 m 506.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 246.89999999999998 m 506.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 261.9 m 576.5 261.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 248.89999999999998 m 576.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 246.89999999999998 m 576.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 208.89999999999998 m 502.5 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 208.89999999999998 m 506.5 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 208.89999999999998 m 576.5 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 208.89999999999998 m 502.5 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 194.89999999999998 m 502.5 194.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 208.89999999999998 m 506.5 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 194.89999999999998 m 506.5 194.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 208.89999999999998 m 576.5 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 194.89999999999998 m 576.5 194.89999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 424.35 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.30 433.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 424.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.30 433.35 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 424.35 Td (2014) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 409.896337890625 m 101.06396484375 409.896337890625 l s q 0 0 0 rg BT 39.00 411.30 Td (Credit facilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 398.16 Td (US$2,000 facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 398.16 Td (1,200.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 398.16 Td (1,366.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 385.16 Td (US $475 facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 385.16 Td (354.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 385.16 Td (451.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 372.30 Td (Total credit facilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 372.30 Td (1,554.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 372.30 Td (1,818.0) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 342.896337890625 m 66.01318359375 342.896337890625 l s q 0 0 0 rg BT 39.00 344.30 Td (Bonds:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 331.16 Td (NOK 1,500 bond) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 331.16 Td (170.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 331.16 Td (201.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 318.16 Td (US$600 bond) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 318.16 Td (600.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 318.16 Td (600.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 305.30 Td (Total bonds) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 305.30 Td (770.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 305.30 Td (801.4) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 277.896337890625 m 117.99169921875 277.896337890625 l s q 0 0 0 rg BT 39.00 279.30 Td (Related Party Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 266.16 Td (Loan provided by related party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 266.16 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 266.16 Td (110.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 252.36 Td (Total interest bearing debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 252.35 Td (2,449.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 252.35 Td (2,730.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 225.35 Td (Less) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.00 225.35 Td (: current portion ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 225.36 Td (\(218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 225.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 225.36 Td (\(218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 225.36 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 212.15 Td (Less) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.00 212.15 Td (: Related party share of long term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 212.16 Td (\(321.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 212.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 212.16 Td (\(308.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 212.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 199.36 Td (Long-term portion of interest bearing debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 199.35 Td (1,910.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 199.35 Td (2,203.6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 167.80 Td (* ) Tj ET Q q 0 0 0 rg BT 42.90 167.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 73.28 167.80 Td (is ) Tj ET Q q 0 0 0 rg BT 81.68 167.80 Td (the ) Tj ET Q q 0 0 0 rg BT 95.07 167.80 Td (owner ) Tj ET Q q 0 0 0 rg BT 119.96 167.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.85 167.80 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.60 167.80 Td ( ) Tj ET Q q 0 0 0 rg BT 150.99 167.80 Td (of ) Tj ET Q q 0 0 0 rg BT 160.88 167.80 Td (the ) Tj ET Q q 0 0 0 rg BT 174.27 167.80 Td (bond, ) Tj ET Q q 0 0 0 rg BT 196.92 167.80 Td (this ) Tj ET Q q 0 0 0 rg BT 212.32 167.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 240.71 167.80 Td (is ) Tj ET Q q 0 0 0 rg BT 249.11 167.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 285.99 167.80 Td (as ) Tj ET Q q 0 0 0 rg BT 295.88 167.80 Td (a ) Tj ET Q q 0 0 0 rg BT 302.27 167.80 Td (related ) Tj ET Q q 0 0 0 rg BT 329.15 167.80 Td (party ) Tj ET Q q 0 0 0 rg BT 350.03 167.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 380.43 167.80 Td (in ) Tj ET Q q 0 0 0 rg BT 389.82 167.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.21 167.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 445.73 167.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 493.61 167.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 523.49 167.80 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 546.62 167.80 Td (Refer ) Tj ET Q q 0 0 0 rg BT 569.00 167.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 157.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 55.74 157.00 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.74 157.00 Td ( ) Tj ET Q q 0 0 0 rg BT 66.99 157.00 Td (- ) Tj ET Q q 0 0 0 rg BT 72.24 157.00 Td (Related ) Tj ET Q q 0 0 0 rg BT 101.98 157.00 Td (party ) Tj ET Q q 0 0 0 rg BT 122.72 157.00 Td (transactions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 143.20 Td (** ) Tj ET Q q 0 0 0 rg BT 47.41 143.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 77.81 143.20 Td (is ) Tj ET Q q 0 0 0 rg BT 86.23 143.20 Td (the ) Tj ET Q q 0 0 0 rg BT 99.63 143.20 Td (owner ) Tj ET Q q 0 0 0 rg BT 124.54 143.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.44 143.20 Td (31.1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.69 143.20 Td ( ) Tj ET Q q 0 0 0 rg BT 160.10 143.20 Td (of ) Tj ET Q q 0 0 0 rg BT 170.01 143.20 Td (the ) Tj ET Q q 0 0 0 rg BT 183.41 143.20 Td (bond, ) Tj ET Q q 0 0 0 rg BT 206.08 143.20 Td (this ) Tj ET Q q 0 0 0 rg BT 221.49 143.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 249.90 143.20 Td (is ) Tj ET Q q 0 0 0 rg BT 258.31 143.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 295.21 143.20 Td (as ) Tj ET Q q 0 0 0 rg BT 305.11 143.20 Td (a ) Tj ET Q q 0 0 0 rg BT 311.52 143.20 Td (related ) Tj ET Q q 0 0 0 rg BT 338.41 143.20 Td (party ) Tj ET Q q 0 0 0 rg BT 359.31 143.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 389.72 143.20 Td (in ) Tj ET Q q 0 0 0 rg BT 399.13 143.20 Td (the ) Tj ET Q q 0 0 0 rg BT 412.54 143.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 455.07 143.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 502.97 143.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 532.86 143.20 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 556.01 143.20 Td (Refer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 132.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.25 132.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 65.00 132.40 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.00 132.40 Td ( ) Tj ET Q q 0 0 0 rg BT 76.25 132.40 Td (- ) Tj ET Q q 0 0 0 rg BT 81.49 132.40 Td (Related ) Tj ET Q q 0 0 0 rg BT 111.23 132.40 Td (party ) Tj ET Q q 0 0 0 rg BT 131.97 132.40 Td (transactions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 104.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.24 104.80 Td (company ) Tj ET Q q 0 0 0 rg BT 85.47 104.80 Td (has ) Tj ET Q q 0 0 0 rg BT 98.71 104.80 Td (adopted ) Tj ET Q q 0 0 0 rg BT 128.17 104.80 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 171.41 104.80 Td (Standards ) Tj ET Q q 0 0 0 rg BT 208.15 104.80 Td (Update ) Tj ET Q q 0 0 0 rg BT 235.38 104.80 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 260.62 104.80 Td (2015-03, ) Tj ET Q q 0 0 0 rg BT 294.12 104.80 Td (Interest ) Tj ET Q q 0 0 0 rg BT 322.35 104.80 Td (- ) Tj ET Q q 0 0 0 rg BT 326.59 104.80 Td (Imputation ) Tj ET Q q 0 0 0 rg BT 367.33 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 376.07 104.80 Td (Interest, ) Tj ET Q q 0 0 0 rg BT 406.55 104.80 Td (\(Subtopic ) Tj ET Q q 0 0 0 rg BT 442.79 104.80 Td (835-30\): ) Tj ET Q q 0 0 0 rg BT 475.03 104.80 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 519.28 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 531.52 104.80 Td (Presentation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 94.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.89 94.00 Td (Debt ) Tj ET Q q 0 0 0 rg BT 65.77 94.00 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 99.15 94.00 Td (Costs ) Tj ET Q q 0 0 0 rg BT 121.55 94.00 Td (as ) Tj ET Q q 0 0 0 rg BT 131.44 94.00 Td (at ) Tj ET Q q 0 0 0 rg BT 140.33 94.00 Td (June ) Tj ET Q q 0 0 0 rg BT 159.22 94.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 172.86 94.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 195.50 94.00 Td (which ) Tj ET Q q 0 0 0 rg BT 219.89 94.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 251.26 94.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.65 94.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 282.54 94.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 315.42 94.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 335.81 94.00 Td (related ) Tj ET Q q 0 0 0 rg BT 362.68 94.00 Td (to ) Tj ET Q q 0 0 0 rg BT 372.08 94.00 Td (a ) Tj ET Q q 0 0 0 rg BT 378.46 94.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 420.33 94.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.22 94.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 468.60 94.00 Td (to ) Tj ET Q q 0 0 0 rg BT 478.00 94.00 Td (be ) Tj ET Q q 0 0 0 rg BT 488.88 94.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 525.76 94.00 Td (in ) Tj ET Q q 0 0 0 rg BT 535.15 94.00 Td (the ) Tj ET Q q 0 0 0 rg BT 548.54 94.00 Td (balance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 83.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 56.89 83.20 Td (as ) Tj ET Q q 0 0 0 rg BT 66.79 83.20 Td (a ) Tj ET Q q 0 0 0 rg BT 73.18 83.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 96.07 83.20 Td (deduction ) Tj ET Q q 0 0 0 rg BT 133.96 83.20 Td (from ) Tj ET Q q 0 0 0 rg BT 153.85 83.20 Td (the ) Tj ET Q q 0 0 0 rg BT 167.25 83.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 199.63 83.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 229.03 83.20 Td (of ) Tj ET Q q 0 0 0 rg BT 238.92 83.20 Td (that ) Tj ET Q q 0 0 0 rg BT 254.82 83.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 272.71 83.20 Td (liability) Tj ET Q q 0 0 0 rg BT 300.12 83.20 Td (, ) Tj ET Q q 0 0 0 rg BT 304.77 83.20 Td (consistent ) Tj ET Q q 0 0 0 rg BT 343.17 83.20 Td (with ) Tj ET Q q 0 0 0 rg BT 361.57 83.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 379.46 83.20 Td (discounts ) Tj ET Q q 0 0 0 rg BT 415.86 83.20 Td (and ) Tj ET Q q 0 0 0 rg BT 431.26 83.20 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 471.73 83.20 Td (This ) Tj ET Q q 0 0 0 rg BT 489.60 83.20 Td (ASU ) Tj ET Q q 0 0 0 rg BT 510.00 83.20 Td (is ) Tj ET Q q 0 0 0 rg BT 518.41 83.20 Td (ef) Tj ET Q q 0 0 0 rg BT 525.23 83.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 552.12 83.20 Td (for ) Tj ET Q q 0 0 0 rg BT 565.01 83.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 72.40 Td (first ) Tj ET Q q 0 0 0 rg BT 52.51 72.40 Td (interim ) Tj ET Q q 0 0 0 rg BT 80.51 72.40 Td (period ) Tj ET Q q 0 0 0 rg BT 105.51 72.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 143.52 72.40 Td (after ) Tj ET Q q 0 0 0 rg BT 162.01 72.40 Td (December ) Tj ET Q q 0 0 0 rg BT 200.99 72.40 Td (15, ) Tj ET Q q 0 0 0 rg BT 214.25 72.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 234.26 72.40 Td (and ) Tj ET Q q 0 0 0 rg BT 249.27 72.40 Td (early ) Tj ET Q q 0 0 0 rg BT 269.26 72.40 Td (adoption ) Tj ET Q q 0 0 0 rg BT 302.77 72.40 Td (is ) Tj ET Q q 0 0 0 rg BT 310.78 72.40 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 349.38 72.40 Td (The ) Tj ET Q q 0 0 0 rg BT 365.38 72.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 402.39 72.40 Td (has ) Tj ET Q q 0 0 0 rg BT 416.40 72.40 Td (chosen ) Tj ET Q q 0 0 0 rg BT 443.40 72.40 Td (to ) Tj ET Q q 0 0 0 rg BT 452.41 72.40 Td (early ) Tj ET Q q 0 0 0 rg BT 472.40 72.40 Td (adopt ) Tj ET Q q 0 0 0 rg BT 494.41 72.40 Td (this ) Tj ET Q q 0 0 0 rg BT 508.98 72.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 528.99 72.40 Td (in ) Tj ET Q q 0 0 0 rg BT 538.00 72.40 Td (the ) Tj ET Q q 0 0 0 rg BT 551.01 72.40 Td (second ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 61.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 63.51 61.60 Td (of ) Tj ET Q q 0 0 0 rg BT 73.03 61.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 94.86 61.60 Td (As ) Tj ET Q q 0 0 0 rg BT 106.89 61.60 Td (a ) Tj ET Q q 0 0 0 rg BT 112.91 61.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 137.19 61.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.21 61.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 197.72 61.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 227.23 61.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 247.75 61.60 Td (as ) Tj ET Q q 0 0 0 rg BT 257.27 61.60 Td (at ) Tj ET Q q 0 0 0 rg BT 265.79 61.60 Td (December ) Tj ET Q q 0 0 0 rg BT 304.80 61.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 318.07 61.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 338.10 61.60 Td (has ) Tj ET Q q 0 0 0 rg BT 352.12 61.60 Td (been ) Tj ET Q q 0 0 0 rg BT 371.14 61.60 Td (represented ) Tj ET Q q 0 0 0 rg BT 414.64 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 423.67 61.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 448.68 61.60 Td (this ) Tj ET Q q 0 0 0 rg BT 463.71 61.60 Td (change ) Tj ET Q q 0 0 0 rg BT 491.22 61.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.24 61.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 541.76 61.60 Td (principle. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.80 Td ($7.9 ) Tj ET Q q 0 0 0 rg BT 54.27 50.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.27 50.80 Td ( ) Tj ET Q q 0 0 0 rg BT 82.79 50.80 Td (of ) Tj ET Q q 0 0 0 rg BT 92.80 50.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 110.82 50.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 143.82 50.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.34 50.80 Td (have ) Tj ET Q q 0 0 0 rg BT 183.85 50.80 Td (been ) Tj ET Q q 0 0 0 rg BT 203.36 50.80 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 246.85 50.80 Td (from ) Tj ET Q q 0 0 0 rg BT 266.87 50.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 289.88 50.80 Td (current ) Tj ET Q q 0 0 0 rg BT 317.88 50.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 341.39 50.80 Td (to ) Tj ET Q q 0 0 0 rg BT 350.91 50.80 Td (a ) Tj ET Q q 0 0 0 rg BT 357.42 50.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 380.43 50.80 Td (deduction ) Tj ET Q q 0 0 0 rg BT 418.44 50.80 Td (from ) Tj ET Q q 0 0 0 rg BT 438.45 50.80 Td (Current ) Tj ET Q q 0 0 0 rg BT 468.46 50.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 496.98 50.80 Td (of ) Tj ET Q q 0 0 0 rg BT 506.99 50.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 545.00 50.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 563.01 50.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 40.00 Td ($15.4 ) Tj ET Q q 0 0 0 rg BT 58.71 40.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.71 40.00 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 40.00 Td (of ) Tj ET Q q 0 0 0 rg BT 97.12 40.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 115.07 40.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 148.02 40.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 168.47 40.00 Td (have ) Tj ET Q q 0 0 0 rg BT 187.92 40.00 Td (been ) Tj ET Q q 0 0 0 rg BT 207.36 40.00 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 250.80 40.00 Td (from ) Tj ET Q q 0 0 0 rg BT 270.75 40.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 293.70 40.00 Td (non-current ) Tj ET Q q 0 0 0 rg BT 338.14 40.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 361.59 40.00 Td (to ) Tj ET Q q 0 0 0 rg BT 371.05 40.00 Td (a ) Tj ET Q q 0 0 0 rg BT 377.50 40.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 400.44 40.00 Td (deduction ) Tj ET Q q 0 0 0 rg BT 438.39 40.00 Td (from ) Tj ET Q q 0 0 0 rg BT 458.34 40.00 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 499.28 40.00 Td (debt. ) Tj ET Q q 0 0 0 rg BT 519.49 40.00 Td ( ) Tj ET Q q 0 0 0 rg BT 521.94 40.00 Td (Similarly) Tj ET Q q 0 0 0 rg BT 554.86 40.00 Td (, ) Tj ET Q q 0 0 0 rg BT 559.56 40.00 Td (as ) Tj ET Q q 0 0 0 rg BT 569.52 40.00 Td (at ) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 88.78 749.80 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.33 749.80 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 129.38 749.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.38 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 157.68 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 167.48 749.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 185.27 749.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 218.06 749.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.37 749.80 Td (have ) Tj ET Q q 0 0 0 rg BT 257.66 749.80 Td (been ) Tj ET Q q 0 0 0 rg BT 276.95 749.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 313.73 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 323.53 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 329.82 749.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 352.61 749.80 Td (deduction ) Tj ET Q q 0 0 0 rg BT 390.40 749.80 Td (from ) Tj ET Q q 0 0 0 rg BT 410.20 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 423.49 749.80 Td (current ) Tj ET Q q 0 0 0 rg BT 451.28 749.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 479.58 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 489.38 749.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 527.17 749.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 544.96 749.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.26 749.80 Td ($7.0 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 739.00 Td ( ) Tj ET Q q 0 0 0 rg BT 64.25 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 74.00 739.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 91.74 739.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 124.48 739.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.73 739.00 Td (have ) Tj ET Q q 0 0 0 rg BT 163.97 739.00 Td (been ) Tj ET Q q 0 0 0 rg BT 183.21 739.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 219.95 739.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.69 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 235.94 739.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 258.68 739.00 Td (deduction ) Tj ET Q q 0 0 0 rg BT 296.42 739.00 Td (from ) Tj ET Q q 0 0 0 rg BT 316.16 739.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 353.90 739.00 Td (debt.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 674.70 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 674.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 674.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 674.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 674.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 674.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 646.70 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 646.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 646.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 646.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 646.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 646.70 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 36.5 646.7 m 358.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 632.7 m 358.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 646.7 m 428.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 632.7 m 428.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 646.7 m 432.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 632.7 m 432.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 646.7 m 502.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 632.7 m 502.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 646.7 m 506.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 632.7 m 506.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 646.7 m 576.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 632.7 m 576.5 632.7 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 702.15 Td (Outstanding debt as at December 31, 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 679.15 Td (\(In $ millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 689.10 Td (Principal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.45 680.10 Td (outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.25 689.10 Td (Less: Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.70 680.10 Td (Issuance Costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.55 689.10 Td (Total Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 665.16 Td (Current ) Tj ET Q q 0 0 0 rg BT 68.74 665.16 Td (portion ) Tj ET Q q 0 0 0 rg BT 96.99 665.16 Td (of ) Tj ET Q q 0 0 0 rg BT 106.74 665.16 Td (long-term ) Tj ET Q q 0 0 0 rg BT 144.48 665.16 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 665.16 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 665.16 Td (\(7.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 665.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 665.16 Td (210.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 651.16 Td (Long-term portion of debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 651.16 Td (1,910.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 651.16 Td (\(7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 651.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 651.16 Td (1,903.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 637.15 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 637.15 Td (otal ) Tj ET Q q 0 0 0 rg BT 60.92 637.15 Td (external ) Tj ET Q q 0 0 0 rg BT 94.66 637.15 Td (debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.00 637.15 Td (2,128.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 637.15 Td (\(14.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 637.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 637.15 Td (2,113.9) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 568.90 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 568.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 568.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 568.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 568.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 568.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 540.90 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 540.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 540.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 540.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 540.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 540.90 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 36.5 540.9 m 358.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 526.9 m 358.5 526.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 540.9 m 428.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 526.9 m 428.5 526.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 540.9 m 432.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 526.9 m 432.5 526.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 540.9 m 502.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 526.9 m 502.5 526.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 540.9 m 506.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 526.9 m 506.5 526.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 540.9 m 576.5 540.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 526.9 m 576.5 526.9 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 596.35 Td (Outstanding debt as at December 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 573.35 Td (\(In $ millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 583.30 Td (Principal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.45 574.30 Td (outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.25 583.30 Td (Less: Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.70 574.30 Td (Issuance Costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.55 583.30 Td (Total Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 559.36 Td (Current ) Tj ET Q q 0 0 0 rg BT 68.74 559.36 Td (portion ) Tj ET Q q 0 0 0 rg BT 96.99 559.36 Td (of ) Tj ET Q q 0 0 0 rg BT 106.74 559.36 Td (long-term ) Tj ET Q q 0 0 0 rg BT 144.48 559.36 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 559.36 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 559.36 Td (\(7.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 559.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 559.36 Td (210.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 545.36 Td (Long-term portion of debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 545.36 Td (2,203.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 545.36 Td (\(15.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 545.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 545.36 Td (2,188.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 531.35 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 531.35 Td (otal ) Tj ET Q q 0 0 0 rg BT 60.92 531.35 Td (external ) Tj ET Q q 0 0 0 rg BT 94.66 531.35 Td (debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.00 531.35 Td (2,421.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 531.35 Td (\(23.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 531.35 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 531.35 Td (2,398.4) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 486.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 486.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 96.49 486.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 114.24 486.00 Td (as ) Tj ET Q q 0 0 0 rg BT 123.98 486.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 133.73 486.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 186.46 486.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.46 486.00 Td ( ) Tj ET Q q 0 0 0 rg BT 206.71 486.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.96 486.00 Td (repayable ) Tj ET Q q 0 0 0 rg BT 252.18 486.00 Td (as ) Tj ET Q q 0 0 0 rg BT 261.93 486.00 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 449.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 449.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 423.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 423.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 397.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 397.50 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 371.50 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 371.50 70.00 -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 36.5 449.5 m 506.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 449.5 m 506.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 449.5 m 576.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 371.5 m 576.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 359.5 m 576.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 357.5 m 576.5 357.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 218.95 453.95 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.96 453.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.95 462.95 Td (Year ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 453.95 Td (December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 440.76 Td (Year ended December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 440.76 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 427.76 Td (Year ended December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 427.76 Td (1,080.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 414.76 Td (Year ended December 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 414.76 Td (218.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 401.76 Td (Year ended December 31, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 401.76 Td (807.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 388.76 Td (Year ended December 31, 2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 388.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 375.76 Td (Year ended December 31, 2021 and thereafter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 375.76 Td (125.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 362.90 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 362.90 Td (otal debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.93 362.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 362.90 Td (2,449.6) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 330.20 Td (Cr) Tj ET Q q 0 0 0 rg BT 47.48 330.20 Td (edit facilities ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 316.40 Td ($2,000 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 89.51 316.40 Td ( senior secured credit facility ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 198.74 316.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 302.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.46 302.60 Td (April ) Tj ET Q q 0 0 0 rg BT 66.98 302.60 Td (201) Tj ET Q q 0 0 0 rg BT 80.14 302.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 89.41 302.60 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.92 302.60 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 123.19 302.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.19 302.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.71 302.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 176.22 302.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 206.22 302.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 229.23 302.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 257.24 302.60 Td (was ) Tj ET Q q 0 0 0 rg BT 273.75 302.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 302.75 302.60 Td (into ) Tj ET Q q 0 0 0 rg BT 319.27 302.60 Td (with ) Tj ET Q q 0 0 0 rg BT 337.79 302.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 368.30 302.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.82 302.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 396.83 302.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.35 302.60 Td (Company) Tj ET Q q 0 0 0 rg BT 447.84 302.60 Td (s ) Tj ET Q q 0 0 0 rg BT 453.87 302.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 495.88 302.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.89 302.60 Td (W) Tj ET Q q 0 0 0 rg BT 512.56 302.60 Td (est ) Tj ET Q q 0 0 0 rg BT 525.08 302.60 Td (Phoenix) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.57 302.60 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.33 302.60 Td (W) Tj ET Q q 0 0 0 rg BT 566.00 302.60 Td (est ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 36.00 291.80 Td (Navigator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 291.80 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.92 291.80 Td (W) Tj ET Q q 0 0 0 rg BT 83.59 291.80 Td (est ) Tj ET Q q 0 0 0 rg BT 95.60 291.80 Td (Alpha) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.10 291.80 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 121.52 291.80 Td (W) Tj ET Q q 0 0 0 rg BT 128.19 291.80 Td (estEpsilon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.94 291.80 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 172.36 291.80 Td (W) Tj ET Q q 0 0 0 rg BT 179.03 291.80 Td (est ) Tj ET Q q 0 0 0 rg BT 191.20 291.80 Td (V) Tj ET Q q 0 0 0 rg BT 195.70 291.80 Td (entur) Tj ET Q q 0 0 0 rg BT 214.36 291.80 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.36 291.80 Td (, ) Tj ET Q q 0 0 0 rg BT 222.78 291.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.94 291.80 Td (W) Tj ET Q q 0 0 0 rg BT 244.61 291.80 Td (est ) Tj ET Q q 0 0 0 rg BT 256.78 291.80 Td (Elara) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.28 291.80 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.70 291.80 Td (which ) Tj ET Q q 0 0 0 rg BT 305.86 291.80 Td (have ) Tj ET Q q 0 0 0 rg BT 325.02 291.80 Td (been ) Tj ET Q q 0 0 0 rg BT 344.18 291.80 Td (pledged ) Tj ET Q q 0 0 0 rg BT 374.84 291.80 Td (as ) Tj ET Q q 0 0 0 rg BT 384.51 291.80 Td (security) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.41 291.80 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.36 291.80 Td (As ) Tj ET Q q 0 0 0 rg BT 428.53 291.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.19 291.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 489.84 291.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.84 291.80 Td ( ) Tj ET Q q 0 0 0 rg BT 510.01 291.80 Td (the ) Tj ET Q q 0 0 0 rg BT 523.17 291.80 Td (net ) Tj ET Q q 0 0 0 rg BT 536.34 291.80 Td (book ) Tj ET Q q 0 0 0 rg BT 556.51 291.80 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.77 281.00 Td (units ) Tj ET Q q 0 0 0 rg BT 65.55 281.00 Td (pledged ) Tj ET Q q 0 0 0 rg BT 96.31 281.00 Td (as ) Tj ET Q q 0 0 0 rg BT 106.08 281.00 Td (security ) Tj ET Q q 0 0 0 rg BT 136.84 281.00 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.11 281.00 Td ($2,178.9 ) Tj ET Q q 0 0 0 rg BT 186.88 281.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.89 281.00 Td (. ) Tj ET Q q 0 0 0 rg BT 217.41 281.00 Td ( ) Tj ET Q q 0 0 0 rg BT 219.52 281.00 Td (The) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.51 281.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.78 281.00 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 262.81 281.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.81 281.00 Td ( ) Tj ET Q q 0 0 0 rg BT 291.08 281.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 315.35 281.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 345.11 281.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 367.87 281.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 395.63 281.00 Td (has ) Tj ET Q q 0 0 0 rg BT 409.90 281.00 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.17 281.00 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.67 281.00 Td ( ) Tj ET Q q 0 0 0 rg BT 422.94 281.00 Td (year ) Tj ET Q q 0 0 0 rg BT 440.70 281.00 Td (term ) Tj ET Q q 0 0 0 rg BT 459.46 281.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 489.72 281.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 524.48 281.00 Td (with ) Tj ET Q q 0 0 0 rg BT 542.75 281.00 Td (a ) Tj ET Q q 0 0 0 rg BT 549.02 281.00 Td (balloon ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 270.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 69.37 270.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.24 270.20 Td ($950 ) Tj ET Q q 0 0 0 rg BT 99.62 270.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.62 270.20 Td ( ) Tj ET Q q 0 0 0 rg BT 128.00 270.20 Td (at ) Tj ET Q q 0 0 0 rg BT 136.87 270.20 Td (maturity) Tj ET Q q 0 0 0 rg BT 166.78 270.20 Td (. ) Tj ET Q q 0 0 0 rg BT 171.24 270.20 Td (The ) Tj ET Q q 0 0 0 rg BT 187.61 270.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 205.48 270.20 Td (bears ) Tj ET Q q 0 0 0 rg BT 226.85 270.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.71 270.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.59 270.20 Td (Libor ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.96 270.20 Td (plus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.34 270.20 Td (2.0%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.09 270.20 Td (per ) Tj ET Q q 0 0 0 rg BT 340.21 270.20 Td (annum.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.95 270.20 Td ( ) Tj ET Q q 0 0 0 rg BT 369.33 270.20 Td ( ) Tj ET Q q 0 0 0 rg BT 371.18 270.20 Td (As ) Tj ET Q q 0 0 0 rg BT 383.56 270.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.43 270.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 445.29 270.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.29 270.20 Td (, ) Tj ET Q q 0 0 0 rg BT 467.91 270.20 Td (the ) Tj ET Q q 0 0 0 rg BT 481.29 270.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 525.66 270.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 555.52 270.20 Td (under ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 48.32 259.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 75.13 259.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.45 259.40 Td ($1,200 ) Tj ET Q q 0 0 0 rg BT 116.52 259.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.52 259.40 Td (, ) Tj ET Q q 0 0 0 rg BT 146.09 259.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 182.89 259.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.22 259.40 Td ($1,366.7 ) Tj ET Q q 0 0 0 rg BT 224.04 259.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.04 259.40 Td ( ) Tj ET Q q 0 0 0 rg BT 251.36 259.40 Td (as ) Tj ET Q q 0 0 0 rg BT 260.18 259.40 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.00 259.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 319.80 259.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.80 259.40 Td (. ) Tj ET Q q 0 0 0 rg BT 341.37 259.40 Td ( ) Tj ET Q q 0 0 0 rg BT 342.59 259.40 Td (W) Tj ET Q q 0 0 0 rg BT 350.37 259.40 Td (e ) Tj ET Q q 0 0 0 rg BT 355.68 259.40 Td (had ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 259.40 Td ($50 ) Tj ET Q q 0 0 0 rg BT 384.82 259.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.82 259.40 Td ( ) Tj ET Q q 0 0 0 rg BT 412.15 259.40 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 444.96 259.40 Td (under ) Tj ET Q q 0 0 0 rg BT 466.77 259.40 Td (this ) Tj ET Q q 0 0 0 rg BT 481.10 259.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 507.91 259.40 Td (as ) Tj ET Q q 0 0 0 rg BT 516.73 259.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.55 259.40 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 248.60 Td (, ) Tj ET Q q 0 0 0 rg BT 58.67 248.60 Td (which ) Tj ET Q q 0 0 0 rg BT 83.07 248.60 Td (bears ) Tj ET Q q 0 0 0 rg BT 104.48 248.60 Td (a ) Tj ET Q q 0 0 0 rg BT 110.89 248.60 Td (commitment ) Tj ET Q q 0 0 0 rg BT 158.80 248.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 172.20 248.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.11 248.60 Td (40%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.61 248.60 Td ( ) Tj ET Q q 0 0 0 rg BT 201.02 248.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.93 248.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.34 248.60 Td (mar) Tj ET Q q 0 0 0 rg BT 238.17 248.60 Td (gin. ) Tj ET Q q 0 0 0 rg BT 254.34 248.60 Td ( ) Tj ET Q q 0 0 0 rg BT 256.58 248.60 Td (The ) Tj ET Q q 0 0 0 rg BT 272.99 248.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 310.40 248.60 Td (is ) Tj ET Q q 0 0 0 rg BT 318.82 248.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 354.71 248.60 Td (from ) Tj ET Q q 0 0 0 rg BT 374.62 248.60 Td (using ) Tj ET Q q 0 0 0 rg BT 396.54 248.60 Td (this ) Tj ET Q q 0 0 0 rg BT 411.96 248.60 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 445.87 248.60 Td (capacity) Tj ET Q q 0 0 0 rg BT 475.26 248.60 Td (, ) Tj ET Q q 0 0 0 rg BT 479.93 248.60 Td (however) Tj ET Q q 0 0 0 rg BT 510.55 248.60 Td (, ) Tj ET Q q 0 0 0 rg BT 515.22 248.60 Td (due ) Tj ET Q q 0 0 0 rg BT 530.63 248.60 Td (to ) Tj ET Q q 0 0 0 rg BT 540.04 248.60 Td (restrictive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 237.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 74.12 237.80 Td (within ) Tj ET Q q 0 0 0 rg BT 99.25 237.80 Td (the ) Tj ET Q q 0 0 0 rg BT 112.38 237.80 Td (indentures ) Tj ET Q q 0 0 0 rg BT 152.00 237.80 Td (of ) Tj ET Q q 0 0 0 rg BT 161.63 237.80 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 196.88 237.80 Td (USD ) Tj ET Q q 0 0 0 rg BT 217.02 237.80 Td (bonds ) Tj ET Q q 0 0 0 rg BT 240.65 237.80 Td (- ) Tj ET Q q 0 0 0 rg BT 245.78 237.80 Td (refer ) Tj ET Q q 0 0 0 rg BT 264.89 237.80 Td (to ) Tj ET Q q 0 0 0 rg BT 274.03 237.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.15 237.80 Td (section ) Tj ET Q q 0 0 0 rg BT 314.78 237.80 Td (below ) Tj ET Q q 0 0 0 rg BT 338.91 237.80 Td ("Covenants ) Tj ET Q q 0 0 0 rg BT 382.71 237.80 Td (on ) Tj ET Q q 0 0 0 rg BT 393.84 237.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 416.46 237.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 449.58 237.80 Td (and ) Tj ET Q q 0 0 0 rg BT 464.71 237.80 Td (bonds" ) Tj ET Q q 0 0 0 rg BT 492.01 237.80 Td (for ) Tj ET Q q 0 0 0 rg BT 504.64 237.80 Td (further ) Tj ET Q q 0 0 0 rg BT 531.26 237.80 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 210.20 Td (In ) Tj ET Q q 0 0 0 rg BT 45.02 210.20 Td (February ) Tj ET Q q 0 0 0 rg BT 79.04 210.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 100.81 210.20 Td (North ) Tj ET Q q 0 0 0 rg BT 123.00 210.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 153.52 210.20 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 183.54 210.20 Td (received ) Tj ET Q q 0 0 0 rg BT 215.54 210.20 Td (approval ) Tj ET Q q 0 0 0 rg BT 248.56 210.20 Td (to ) Tj ET Q q 0 0 0 rg BT 257.08 210.20 Td (amend ) Tj ET Q q 0 0 0 rg BT 282.60 210.20 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.63 210.20 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 318.90 210.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.90 210.20 Td ( ) Tj ET Q q 0 0 0 rg BT 346.43 210.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 371.45 210.20 Td (Secured ) Tj ET Q q 0 0 0 rg BT 401.97 210.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 425.99 210.20 Td (Facility) Tj ET Q q 0 0 0 rg BT 452.90 210.20 Td (. ) Tj ET Q q 0 0 0 rg BT 456.68 210.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 480.69 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 493.21 210.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 514.73 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 523.76 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 536.28 210.20 Td (agreement, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 199.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 65.85 199.40 Td (has ) Tj ET Q q 0 0 0 rg BT 79.70 199.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 113.55 199.40 Td (a ) Tj ET Q q 0 0 0 rg BT 119.40 199.40 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 156.23 199.40 Td (for ) Tj ET Q q 0 0 0 rg BT 168.58 199.40 Td (the ) Tj ET Q q 0 0 0 rg BT 181.43 199.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.77 199.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 231.12 199.40 Td (in ) Tj ET Q q 0 0 0 rg BT 239.97 199.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 275.81 199.40 Td (for ) Tj ET Q q 0 0 0 rg BT 288.16 199.40 Td (amendments ) Tj ET Q q 0 0 0 rg BT 335.50 199.40 Td (to ) Tj ET Q q 0 0 0 rg BT 344.36 199.40 Td (the ) Tj ET Q q 0 0 0 rg BT 357.21 199.40 Td (covenant ) Tj ET Q q 0 0 0 rg BT 391.55 199.40 Td (package, ) Tj ET Q q 0 0 0 rg BT 425.13 199.40 Td (principally ) Tj ET Q q 0 0 0 rg BT 465.97 199.40 Td (replacing ) Tj ET Q q 0 0 0 rg BT 501.31 199.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.16 199.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 544.52 199.40 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 188.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 73.74 188.60 Td (with ) Tj ET Q q 0 0 0 rg BT 91.50 188.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.74 188.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 162.48 188.60 Td (within ) Tj ET Q q 0 0 0 rg BT 187.24 188.60 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 222.11 188.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 251.35 188.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 273.59 188.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 308.46 188.60 Td (The ) Tj ET Q q 0 0 0 rg BT 324.21 188.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 360.94 188.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 373.68 188.60 Td (char) Tj ET Q q 0 0 0 rg BT 389.00 188.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 403.75 188.60 Td (by ) Tj ET Q q 0 0 0 rg BT 414.51 188.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 444.26 188.60 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.02 188.60 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.76 188.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.52 188.60 Td (per ) Tj ET Q q 0 0 0 rg BT 485.77 188.60 Td (annum ) Tj ET Q q 0 0 0 rg BT 512.02 188.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.27 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.02 188.60 Td (outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 177.80 Td (principal.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 150.20 Td ($475 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 82.76 150.20 Td ( secured term loan ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 136.40 Td (In ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 46.57 136.40 Td (October ) Tj ET Q q 0 0 0 rg BT 78.62 136.40 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.62 136.40 Td (, ) Tj ET Q q 0 0 0 rg BT 101.94 136.40 Td (SFL) Tj ET Q q 0 0 0 rg BT 117.11 136.40 Td ( ) Tj ET Q q 0 0 0 rg BT 120.18 136.40 Td (Linus ) Tj ET Q q 0 0 0 rg BT 143.75 136.40 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 159.32 136.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 188.87 136.40 Td (into ) Tj ET Q q 0 0 0 rg BT 205.94 136.40 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.00 136.40 Td ($475 ) Tj ET Q q 0 0 0 rg BT 234.07 136.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.07 136.40 Td ( ) Tj ET Q q 0 0 0 rg BT 263.14 136.40 Td (secured ) Tj ET Q q 0 0 0 rg BT 293.69 136.40 Td (term ) Tj ET Q q 0 0 0 rg BT 313.25 136.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 331.81 136.40 Td (and ) Tj ET Q q 0 0 0 rg BT 347.88 136.40 Td (revolving ) Tj ET Q q 0 0 0 rg BT 385.44 136.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 408.99 136.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 437.55 136.40 Td (with ) Tj ET Q q 0 0 0 rg BT 456.62 136.40 Td (a ) Tj ET Q q 0 0 0 rg BT 463.68 136.40 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 500.74 136.40 Td (of ) Tj ET Q q 0 0 0 rg BT 511.30 136.40 Td (banks ) Tj ET Q q 0 0 0 rg BT 535.37 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 545.44 136.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 565.00 136.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 125.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 77.78 125.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.56 125.60 Td (W) Tj ET Q q 0 0 0 rg BT 94.23 125.60 Td (est ) Tj ET Q q 0 0 0 rg BT 106.51 125.60 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.52 125.60 Td (, ) Tj ET Q q 0 0 0 rg BT 131.05 125.60 Td (which ) Tj ET Q q 0 0 0 rg BT 155.33 125.60 Td (has ) Tj ET Q q 0 0 0 rg BT 169.61 125.60 Td (been ) Tj ET Q q 0 0 0 rg BT 188.89 125.60 Td (pledged ) Tj ET Q q 0 0 0 rg BT 219.66 125.60 Td (as ) Tj ET Q q 0 0 0 rg BT 229.44 125.60 Td (security) Tj ET Q q 0 0 0 rg BT 257.35 125.60 Td (. ) Tj ET Q q 0 0 0 rg BT 261.88 125.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.66 125.60 Td (As ) Tj ET Q q 0 0 0 rg BT 275.95 125.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.73 125.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 337.49 125.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.49 125.60 Td ( ) Tj ET Q q 0 0 0 rg BT 357.77 125.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.05 125.60 Td (net ) Tj ET Q q 0 0 0 rg BT 384.33 125.60 Td (book ) Tj ET Q q 0 0 0 rg BT 404.61 125.60 Td (value ) Tj ET Q q 0 0 0 rg BT 426.39 125.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.17 125.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 125.60 Td (W) Tj ET Q q 0 0 0 rg BT 456.12 125.60 Td (est ) Tj ET Q q 0 0 0 rg BT 468.40 125.60 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.69 125.60 Td (pledged ) Tj ET Q q 0 0 0 rg BT 521.47 125.60 Td (as ) Tj ET Q q 0 0 0 rg BT 531.25 125.60 Td (security ) Tj ET Q q 0 0 0 rg BT 562.02 125.60 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 114.80 Td ($559.1 ) Tj ET Q q 0 0 0 rg BT 62.53 114.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.53 114.80 Td (. ) Tj ET Q q 0 0 0 rg BT 92.55 114.80 Td ( ) Tj ET Q q 0 0 0 rg BT 94.33 114.80 Td (SFL) Tj ET Q q 0 0 0 rg BT 109.50 114.80 Td ( ) Tj ET Q q 0 0 0 rg BT 111.28 114.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 133.55 114.80 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 147.83 114.80 Td (drew ) Tj ET Q q 0 0 0 rg BT 167.59 114.80 Td (down ) Tj ET Q q 0 0 0 rg BT 189.37 114.80 Td (on ) Tj ET Q q 0 0 0 rg BT 200.14 114.80 Td (the ) Tj ET Q q 0 0 0 rg BT 212.92 114.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 230.19 114.80 Td (at ) Tj ET Q q 0 0 0 rg BT 238.46 114.80 Td (the ) Tj ET Q q 0 0 0 rg BT 251.23 114.80 Td (delivery ) Tj ET Q q 0 0 0 rg BT 282.49 114.80 Td (date ) Tj ET Q q 0 0 0 rg BT 299.25 114.80 Td (of ) Tj ET Q q 0 0 0 rg BT 308.53 114.80 Td (the ) Tj ET Q q 0 0 0 rg BT 321.30 114.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 333.07 114.80 Td (in ) Tj ET Q q 0 0 0 rg BT 341.85 114.80 Td (February ) Tj ET Q q 0 0 0 rg BT 376.11 114.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 398.01 114.80 Td (The ) Tj ET Q q 0 0 0 rg BT 413.77 114.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 441.04 114.80 Td (bears ) Tj ET Q q 0 0 0 rg BT 461.80 114.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 490.07 114.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.34 114.80 Td (LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.34 114.80 Td ( ) Tj ET Q q 0 0 0 rg BT 528.12 114.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 544.89 114.80 Td (a ) Tj ET Q q 0 0 0 rg BT 550.66 114.80 Td (mar) Tj ET Q q 0 0 0 rg BT 564.49 114.80 Td (gin ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 104.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.85 104.00 Td (2.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.10 104.00 Td ( ) Tj ET Q q 0 0 0 rg BT 71.45 104.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.79 104.00 Td (is ) Tj ET Q q 0 0 0 rg BT 95.15 104.00 Td (repayable ) Tj ET Q q 0 0 0 rg BT 132.47 104.00 Td (over ) Tj ET Q q 0 0 0 rg BT 150.82 104.00 Td (a ) Tj ET Q q 0 0 0 rg BT 157.16 104.00 Td (term ) Tj ET Q q 0 0 0 rg BT 176.01 104.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.85 104.00 Td (five) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.85 104.00 Td ( ) Tj ET Q q 0 0 0 rg BT 202.20 104.00 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.19 104.00 Td (. ) Tj ET Q q 0 0 0 rg BT 225.27 104.00 Td (A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.27 104.00 Td ( ) Tj ET Q q 0 0 0 rg BT 233.62 104.00 Td (balloon ) Tj ET Q q 0 0 0 rg BT 262.97 104.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.82 104.00 Td ($192 ) Tj ET Q q 0 0 0 rg BT 293.17 104.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.17 104.00 Td ( ) Tj ET Q q 0 0 0 rg BT 321.52 104.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 351.86 104.00 Td (on ) Tj ET Q q 0 0 0 rg BT 363.21 104.00 Td (maturity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.70 104.00 Td ( ) Tj ET Q q 0 0 0 rg BT 396.05 104.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.40 104.00 Td (June ) Tj ET Q q 0 0 0 rg BT 424.25 104.00 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.25 104.00 Td (. ) Tj ET Q q 0 0 0 rg BT 446.85 104.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 462.03 104.00 Td ( ) Tj ET Q q 0 0 0 rg BT 464.38 104.00 Td (Linus ) Tj ET Q q 0 0 0 rg BT 487.23 104.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 504.33 104.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 533.16 104.00 Td (into ) Tj ET Q q 0 0 0 rg BT 549.51 104.00 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 93.20 Td (swap ) Tj ET Q q 0 0 0 rg BT 56.72 93.20 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 107.41 93.20 Td (in ) Tj ET Q q 0 0 0 rg BT 116.63 93.20 Td (July) Tj ET Q q 0 0 0 rg BT 131.05 93.20 Td (, ) Tj ET Q q 0 0 0 rg BT 135.52 93.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 157.99 93.20 Td (in ) Tj ET Q q 0 0 0 rg BT 167.21 93.20 Td (order ) Tj ET Q q 0 0 0 rg BT 188.42 93.20 Td (to ) Tj ET Q q 0 0 0 rg BT 197.64 93.20 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 229.35 93.20 Td (exposure ) Tj ET Q q 0 0 0 rg BT 264.05 93.20 Td (to ) Tj ET Q q 0 0 0 rg BT 273.27 93.20 Td (variability ) Tj ET Q q 0 0 0 rg BT 312.48 93.20 Td (in ) Tj ET Q q 0 0 0 rg BT 321.70 93.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.91 93.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 362.13 93.20 Td (for ) Tj ET Q q 0 0 0 rg BT 374.84 93.20 Td (future ) Tj ET Q q 0 0 0 rg BT 398.55 93.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 427.26 93.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 463.97 93.20 Td (on ) Tj ET Q q 0 0 0 rg BT 475.19 93.20 Td (this ) Tj ET Q q 0 0 0 rg BT 490.42 93.20 Td (loan. ) Tj ET Q q 0 0 0 rg BT 510.38 93.20 Td (Refer ) Tj ET Q q 0 0 0 rg BT 532.59 93.20 Td (also ) Tj ET Q q 0 0 0 rg BT 549.30 93.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.52 93.20 Td (Note ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 82.40 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 82.40 Td ( ) Tj ET Q q 0 0 0 rg BT 47.37 82.40 Td (- ) Tj ET Q q 0 0 0 rg BT 52.74 82.40 Td (Risk ) Tj ET Q q 0 0 0 rg BT 71.62 82.40 Td (management ) Tj ET Q q 0 0 0 rg BT 119.97 82.40 Td (and ) Tj ET Q q 0 0 0 rg BT 135.33 82.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.19 82.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 213.56 82.40 Td (for ) Tj ET Q q 0 0 0 rg BT 226.42 82.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 264.78 82.40 Td (details. ) Tj ET Q q 0 0 0 rg BT 292.90 82.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.27 82.40 Td (During ) Tj ET Q q 0 0 0 rg BT 323.14 82.40 Td (the ) Tj ET Q q 0 0 0 rg BT 336.50 82.40 Td (year ) Tj ET Q q 0 0 0 rg BT 354.36 82.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 378.22 82.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 431.07 82.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 451.44 82.40 Td (draw ) Tj ET Q q 0 0 0 rg BT 471.80 82.40 Td (downs ) Tj ET Q q 0 0 0 rg BT 497.67 82.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.54 82.40 Td ($41.0 ) Tj ET Q q 0 0 0 rg BT 530.16 82.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.17 82.40 Td ( ) Tj ET Q q 0 0 0 rg BT 558.54 82.40 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 71.60 Td (made ) Tj ET Q q 0 0 0 rg BT 57.58 71.60 Td (from ) Tj ET Q q 0 0 0 rg BT 77.16 71.60 Td (the ) Tj ET Q q 0 0 0 rg BT 90.24 71.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 126.83 71.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 149.40 71.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 176.98 71.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.06 71.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.14 71.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.23 71.60 Td (made ) Tj ET Q q 0 0 0 rg BT 263.81 71.60 Td (repayments ) Tj ET Q q 0 0 0 rg BT 307.38 71.60 Td (totaling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.97 71.60 Td ($138.3 ) Tj ET Q q 0 0 0 rg BT 363.81 71.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.81 71.60 Td (. ) Tj ET Q q 0 0 0 rg BT 394.15 71.60 Td ( ) Tj ET Q q 0 0 0 rg BT 395.77 71.60 Td (As ) Tj ET Q q 0 0 0 rg BT 407.86 71.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.45 71.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 469.01 71.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.01 71.60 Td (, ) Tj ET Q q 0 0 0 rg BT 491.35 71.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 71.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 548.52 71.60 Td (balance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 60.80 Td (under ) Tj ET Q q 0 0 0 rg BT 58.00 60.80 Td (the ) Tj ET Q q 0 0 0 rg BT 70.51 60.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 97.51 60.80 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.02 60.80 Td ($354.0 ) Tj ET Q q 0 0 0 rg BT 139.28 60.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.28 60.80 Td (, ) Tj ET Q q 0 0 0 rg BT 169.04 60.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 206.04 60.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.55 60.80 Td ($451.3 ) Tj ET Q q 0 0 0 rg BT 240.81 60.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.81 60.80 Td ( ) Tj ET Q q 0 0 0 rg BT 268.33 60.80 Td (as ) Tj ET Q q 0 0 0 rg BT 277.33 60.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.34 60.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 337.33 60.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.33 60.80 Td (. ) Tj ET Q q 0 0 0 rg BT 359.09 60.80 Td ( ) Tj ET Q q 0 0 0 rg BT 360.49 60.80 Td (There ) Tj ET Q q 0 0 0 rg BT 382.99 60.80 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 60.80 Td (no) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.50 60.80 Td ( ) Tj ET Q q 0 0 0 rg BT 401.01 60.80 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 434.02 60.80 Td (capacity ) Tj ET Q q 0 0 0 rg BT 465.51 60.80 Td (on ) Tj ET Q q 0 0 0 rg BT 476.02 60.80 Td (this ) Tj ET Q q 0 0 0 rg BT 490.54 60.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 517.54 60.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.54 60.80 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 50.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 50.00 Td (.) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (In ) Tj ET Q q 0 0 0 rg BT 45.03 736.00 Td (February ) Tj ET Q q 0 0 0 rg BT 79.06 736.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 100.85 736.00 Td (North ) Tj ET Q q 0 0 0 rg BT 123.04 736.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 153.57 736.00 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 183.61 736.00 Td (received ) Tj ET Q q 0 0 0 rg BT 215.62 736.00 Td (approval ) Tj ET Q q 0 0 0 rg BT 248.64 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 257.18 736.00 Td (amend ) Tj ET Q q 0 0 0 rg BT 282.71 736.00 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.75 736.00 Td ($475 ) Tj ET Q q 0 0 0 rg BT 312.28 736.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.29 736.00 Td ( ) Tj ET Q q 0 0 0 rg BT 339.82 736.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 363.86 736.00 Td (Facility) Tj ET Q q 0 0 0 rg BT 390.77 736.00 Td (. ) Tj ET Q q 0 0 0 rg BT 394.56 736.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 418.58 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.12 736.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 452.65 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 461.68 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 474.22 736.00 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 515.48 736.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 545.01 736.00 Td (provides ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (a ) Tj ET Q q 0 0 0 rg BT 41.81 725.20 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 78.61 725.20 Td (for ) Tj ET Q q 0 0 0 rg BT 90.92 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 103.73 725.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 131.04 725.20 Td (in ) Tj ET Q q 0 0 0 rg BT 139.85 725.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 175.65 725.20 Td (for ) Tj ET Q q 0 0 0 rg BT 187.96 725.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 235.27 725.20 Td (to ) Tj ET Q q 0 0 0 rg BT 244.08 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 256.90 725.20 Td (covenant ) Tj ET Q q 0 0 0 rg BT 291.20 725.20 Td (package, ) Tj ET Q q 0 0 0 rg BT 324.74 725.20 Td (principally ) Tj ET Q q 0 0 0 rg BT 365.55 725.20 Td (replacing ) Tj ET Q q 0 0 0 rg BT 400.85 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 413.66 725.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 455.60 725.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.90 725.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 526.70 725.20 Td (with ) Tj ET Q q 0 0 0 rg BT 544.52 725.20 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 74.24 714.40 Td (within ) Tj ET Q q 0 0 0 rg BT 99.49 714.40 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 134.85 714.40 Td (secured ) Tj ET Q q 0 0 0 rg BT 164.59 714.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 187.33 714.40 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 222.81 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 224.90 714.40 Td (The ) Tj ET Q q 0 0 0 rg BT 241.14 714.40 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 278.37 714.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 291.60 714.40 Td (char) Tj ET Q q 0 0 0 rg BT 306.93 714.40 Td (ged ) Tj ET Q q 0 0 0 rg BT 322.17 714.40 Td (by ) Tj ET Q q 0 0 0 rg BT 333.42 714.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 363.67 714.40 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.92 714.40 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.67 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 392.92 714.40 Td (per ) Tj ET Q q 0 0 0 rg BT 406.66 714.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 433.40 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 443.15 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 456.39 714.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 500.64 714.40 Td (principal.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 685.60 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 71.37 685.60 Td (ed Bonds ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 658.00 Td (NOK ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 57.25 658.00 Td (1,500 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 106.26 658.00 Td ( Senior Unsecured Bond ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 644.20 Td (On ) Tj ET Q q 0 0 0 rg BT 49.60 644.20 Td (October ) Tj ET Q q 0 0 0 rg BT 81.20 644.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 95.05 644.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 117.91 644.20 Td (a ) Tj ET Q q 0 0 0 rg BT 124.51 644.20 Td (NOK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.00 644.20 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 166.86 644.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.86 644.20 Td ( ) Tj ET Q q 0 0 0 rg BT 195.47 644.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 220.07 644.20 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 259.15 644.20 Td (bond ) Tj ET Q q 0 0 0 rg BT 279.76 644.20 Td (was ) Tj ET Q q 0 0 0 rg BT 296.36 644.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 321.47 644.20 Td (with ) Tj ET Q q 0 0 0 rg BT 340.07 644.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 373.17 644.20 Td (date ) Tj ET Q q 0 0 0 rg BT 390.76 644.20 Td (October ) Tj ET Q q 0 0 0 rg BT 422.36 644.20 Td (2018. ) Tj ET Q q 0 0 0 rg BT 445.02 644.20 Td (The ) Tj ET Q q 0 0 0 rg BT 461.62 644.20 Td (bond ) Tj ET Q q 0 0 0 rg BT 482.22 644.20 Td (bears ) Tj ET Q q 0 0 0 rg BT 503.82 644.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 532.91 644.20 Td (at ) Tj ET Q q 0 0 0 rg BT 542.01 644.20 Td (3-months ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 633.40 Td (NIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 633.40 Td ( ) Tj ET Q q 0 0 0 rg BT 66.53 633.40 Td (plus ) Tj ET Q q 0 0 0 rg BT 84.06 633.40 Td (a ) Tj ET Q q 0 0 0 rg BT 90.59 633.40 Td (mar) Tj ET Q q 0 0 0 rg BT 104.42 633.40 Td (gin ) Tj ET Q q 0 0 0 rg BT 118.45 633.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.47 633.40 Td (4.40%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.72 633.40 Td (. ) Tj ET Q q 0 0 0 rg BT 156.32 633.40 Td (The ) Tj ET Q q 0 0 0 rg BT 172.84 633.40 Td (bond ) Tj ET Q q 0 0 0 rg BT 193.37 633.40 Td (was ) Tj ET Q q 0 0 0 rg BT 209.89 633.40 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 259.42 633.40 Td (swapped ) Tj ET Q q 0 0 0 rg BT 293.44 633.40 Td (to ) Tj ET Q q 0 0 0 rg BT 302.97 633.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 321.50 633.40 Td (with ) Tj ET Q q 0 0 0 rg BT 340.03 633.40 Td (a ) Tj ET Q q 0 0 0 rg BT 346.56 633.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 367.58 633.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 383.59 633.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.62 633.40 Td (6.18%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.87 633.40 Td ( ) Tj ET Q q 0 0 0 rg BT 419.40 633.40 Td (per ) Tj ET Q q 0 0 0 rg BT 433.42 633.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 460.44 633.40 Td (until ) Tj ET Q q 0 0 0 rg BT 479.47 633.40 Td (maturity) Tj ET Q q 0 0 0 rg BT 509.38 633.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.63 633.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.98 633.40 Td (The ) Tj ET Q q 0 0 0 rg BT 530.50 633.40 Td (net ) Tj ET Q q 0 0 0 rg BT 544.02 633.40 Td (proceeds ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 622.60 Td (were ) Tj ET Q q 0 0 0 rg BT 55.76 622.60 Td (used ) Tj ET Q q 0 0 0 rg BT 74.53 622.60 Td (to ) Tj ET Q q 0 0 0 rg BT 83.80 622.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 106.06 622.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.32 622.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 158.08 622.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 202.35 622.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.62 622.60 Td (under ) Tj ET Q q 0 0 0 rg BT 254.39 622.60 Td (our ) Tj ET Q q 0 0 0 rg BT 268.66 622.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 298.92 622.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 338.69 622.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 363.46 622.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 390.37 622.60 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.89 622.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.16 622.60 Td (During ) Tj ET Q q 0 0 0 rg BT 424.93 622.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 449.20 622.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 476.96 622.60 Td (of ) Tj ET Q q 0 0 0 rg BT 486.73 622.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 509.25 622.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 539.51 622.60 Td (purchased ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 611.80 Td (in ) Tj ET Q q 0 0 0 rg BT 45.55 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.09 611.80 Td (open ) Tj ET Q q 0 0 0 rg BT 79.13 611.80 Td (market ) Tj ET Q q 0 0 0 rg BT 106.66 611.80 Td (a ) Tj ET Q q 0 0 0 rg BT 113.20 611.80 Td (total ) Tj ET Q q 0 0 0 rg BT 131.74 611.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.78 611.80 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.53 611.80 Td ( ) Tj ET Q q 0 0 0 rg BT 163.08 611.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 203.12 611.80 Td (in ) Tj ET Q q 0 0 0 rg BT 212.66 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 226.20 611.80 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.25 611.80 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 271.04 611.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.04 611.80 Td ( ) Tj ET Q q 0 0 0 rg BT 299.59 611.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 325.63 611.80 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 366.66 611.80 Td (Bond. ) Tj ET Q q 0 0 0 rg BT 390.96 611.80 Td ( ) Tj ET Q q 0 0 0 rg BT 392.94 611.80 Td (As ) Tj ET Q q 0 0 0 rg BT 405.49 611.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.53 611.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 467.55 611.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.55 611.80 Td (, ) Tj ET Q q 0 0 0 rg BT 490.35 611.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 520.89 611.80 Td (is ) Tj ET Q q 0 0 0 rg BT 529.43 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 542.97 611.80 Td (holder ) Tj ET Q q 0 0 0 rg BT 568.51 611.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 601.00 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.75 601.00 Td ( ) Tj ET Q q 0 0 0 rg BT 57.00 601.00 Td (of ) Tj ET Q q 0 0 0 rg BT 66.74 601.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.99 601.00 Td (bond, ) Tj ET Q q 0 0 0 rg BT 102.49 601.00 Td (which ) Tj ET Q q 0 0 0 rg BT 126.73 601.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 159.48 601.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.73 601.00 Td ($9.4 ) Tj ET Q q 0 0 0 rg BT 186.73 601.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.73 601.00 Td ( ) Tj ET Q q 0 0 0 rg BT 214.98 601.00 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.98 601.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 270.71 601.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.71 601.00 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.46 601.00 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.21 601.00 Td ( ) Tj ET Q q 0 0 0 rg BT 314.46 601.00 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.20 601.00 Td ($1) Tj ET Q q 0 0 0 rg BT 332.87 601.00 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 346.37 601.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.37 601.00 Td (\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 573.40 Td (In ) Tj ET Q q 0 0 0 rg BT 46.28 573.40 Td (February ) Tj ET Q q 0 0 0 rg BT 81.55 573.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 104.58 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.36 573.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 156.14 573.40 Td (received ) Tj ET Q q 0 0 0 rg BT 189.40 573.40 Td (approval ) Tj ET Q q 0 0 0 rg BT 223.66 573.40 Td (from ) Tj ET Q q 0 0 0 rg BT 243.94 573.40 Td (its ) Tj ET Q q 0 0 0 rg BT 255.23 573.40 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 297.99 573.40 Td (bondholders ) Tj ET Q q 0 0 0 rg BT 345.27 573.40 Td (to ) Tj ET Q q 0 0 0 rg BT 355.05 573.40 Td (amend ) Tj ET Q q 0 0 0 rg BT 381.82 573.40 Td (the ) Tj ET Q q 0 0 0 rg BT 395.60 573.40 Td (bond ) Tj ET Q q 0 0 0 rg BT 416.38 573.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 456.64 573.40 Td (for ) Tj ET Q q 0 0 0 rg BT 469.92 573.40 Td (its ) Tj ET Q q 0 0 0 rg BT 481.20 573.40 Td (NOK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.70 573.40 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 523.73 573.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.73 573.40 Td ( ) Tj ET Q q 0 0 0 rg BT 552.52 573.40 Td (Senior ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 562.60 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 76.45 562.60 Td (Bond ) Tj ET Q q 0 0 0 rg BT 97.91 562.60 Td (maturing ) Tj ET Q q 0 0 0 rg BT 132.37 562.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.34 562.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 163.55 562.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 188.01 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.97 562.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 222.93 562.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.39 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.35 562.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 287.04 562.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 317.00 562.60 Td (has ) Tj ET Q q 0 0 0 rg BT 330.96 562.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.91 562.60 Td (a ) Tj ET Q q 0 0 0 rg BT 370.87 562.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 407.81 562.60 Td (for ) Tj ET Q q 0 0 0 rg BT 420.27 562.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.23 562.60 Td (bond ) Tj ET Q q 0 0 0 rg BT 453.19 562.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 473.16 562.60 Td (in ) Tj ET Q q 0 0 0 rg BT 482.12 562.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 518.07 562.60 Td (for ) Tj ET Q q 0 0 0 rg BT 530.53 562.60 Td (amendments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 551.80 Td (to ) Tj ET Q q 0 0 0 rg BT 45.04 551.80 Td (the ) Tj ET Q q 0 0 0 rg BT 58.07 551.80 Td (covenant ) Tj ET Q q 0 0 0 rg BT 92.59 551.80 Td (package, ) Tj ET Q q 0 0 0 rg BT 126.36 551.80 Td (principally ) Tj ET Q q 0 0 0 rg BT 167.39 551.80 Td (replacing ) Tj ET Q q 0 0 0 rg BT 202.91 551.80 Td (the ) Tj ET Q q 0 0 0 rg BT 215.94 551.80 Td (current ) Tj ET Q q 0 0 0 rg BT 243.46 551.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.98 551.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 315.01 551.80 Td (with ) Tj ET Q q 0 0 0 rg BT 333.05 551.80 Td (the ) Tj ET Q q 0 0 0 rg BT 346.08 551.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.60 551.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 417.63 551.80 Td (within ) Tj ET Q q 0 0 0 rg BT 442.66 551.80 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 477.82 551.80 Td (NOK ) Tj ET Q q 0 0 0 rg BT 499.36 551.80 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 525.00 551.80 Td (The ) Tj ET Q q 0 0 0 rg BT 541.03 551.80 Td (guarantee ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 541.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 49.24 541.00 Td (char) Tj ET Q q 0 0 0 rg BT 64.56 541.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 79.80 541.00 Td (by ) Tj ET Q q 0 0 0 rg BT 91.05 541.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 121.30 541.00 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.55 541.00 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.30 541.00 Td ( ) Tj ET Q q 0 0 0 rg BT 150.55 541.00 Td (per ) Tj ET Q q 0 0 0 rg BT 164.29 541.00 Td (annum ) Tj ET Q q 0 0 0 rg BT 191.03 541.00 Td (of ) Tj ET Q q 0 0 0 rg BT 200.78 541.00 Td (the ) Tj ET Q q 0 0 0 rg BT 214.03 541.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 258.28 541.00 Td (principal.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 513.40 Td ($600 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 82.76 513.40 Td ( 6.25% Senior Unsecured Notes due 2019 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 499.60 Td (On ) Tj ET Q q 0 0 0 rg BT 49.10 499.60 Td (January ) Tj ET Q q 0 0 0 rg BT 79.19 499.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 92.55 499.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 114.90 499.60 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.00 499.60 Td ($600 ) Tj ET Q q 0 0 0 rg BT 141.10 499.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.10 499.60 Td ( ) Tj ET Q q 0 0 0 rg BT 169.21 499.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 193.30 499.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 231.89 499.60 Td (bond ) Tj ET Q q 0 0 0 rg BT 251.99 499.60 Td (was ) Tj ET Q q 0 0 0 rg BT 268.09 499.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 292.70 499.60 Td (with ) Tj ET Q q 0 0 0 rg BT 310.80 499.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 343.40 499.60 Td (date ) Tj ET Q q 0 0 0 rg BT 360.49 499.60 Td (January ) Tj ET Q q 0 0 0 rg BT 390.58 499.60 Td (2019. ) Tj ET Q q 0 0 0 rg BT 412.78 499.60 Td (The ) Tj ET Q q 0 0 0 rg BT 428.88 499.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 449.98 499.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 467.57 499.60 Td (a ) Tj ET Q q 0 0 0 rg BT 473.66 499.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 494.26 499.60 Td (coupon ) Tj ET Q q 0 0 0 rg BT 522.86 499.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.46 499.60 Td (6.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.70 499.60 Td (. ) Tj ET Q q 0 0 0 rg BT 560.06 499.60 Td ( ) Tj ET Q q 0 0 0 rg BT 562.01 499.60 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 488.80 Td (notes ) Tj ET Q q 0 0 0 rg BT 57.27 488.80 Td (were ) Tj ET Q q 0 0 0 rg BT 77.04 488.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 98.81 488.80 Td (on ) Tj ET Q q 0 0 0 rg BT 110.09 488.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.36 488.80 Td (Irish ) Tj ET Q q 0 0 0 rg BT 142.13 488.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 164.91 488.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 202.67 488.80 Td (on ) Tj ET Q q 0 0 0 rg BT 213.94 488.80 Td (July ) Tj ET Q q 0 0 0 rg BT 231.22 488.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 240.25 488.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 262.61 488.80 Td (The ) Tj ET Q q 0 0 0 rg BT 278.88 488.80 Td (net ) Tj ET Q q 0 0 0 rg BT 292.15 488.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 326.41 488.80 Td (of ) Tj ET Q q 0 0 0 rg BT 336.18 488.80 Td (this ) Tj ET Q q 0 0 0 rg BT 351.46 488.80 Td (of) Tj ET Q q 0 0 0 rg BT 358.80 488.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 382.56 488.80 Td (have ) Tj ET Q q 0 0 0 rg BT 401.83 488.80 Td (been ) Tj ET Q q 0 0 0 rg BT 421.10 488.80 Td (used ) Tj ET Q q 0 0 0 rg BT 439.87 488.80 Td (to ) Tj ET Q q 0 0 0 rg BT 449.15 488.80 Td (repay ) Tj ET Q q 0 0 0 rg BT 471.41 488.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.68 488.80 Td ($500 ) Tj ET Q q 0 0 0 rg BT 504.96 488.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.96 488.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.23 488.80 Td (7.7%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.98 488.80 Td ( ) Tj ET Q q 0 0 0 rg BT 554.26 488.80 Td (Bond, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 478.00 Td (including ) Tj ET Q q 0 0 0 rg BT 73.60 478.00 Td (a ) Tj ET Q q 0 0 0 rg BT 81.19 478.00 Td (settlement ) Tj ET Q q 0 0 0 rg BT 121.78 478.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 157.88 478.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.98 478.00 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 192.83 478.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.83 478.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 221.08 478.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 223.89 478.00 Td (As ) Tj ET Q q 0 0 0 rg BT 237.49 478.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.59 478.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 302.66 478.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.66 478.00 Td ( ) Tj ET Q q 0 0 0 rg BT 324.26 478.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 355.86 478.00 Td (held ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.95 478.00 Td (31.1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.20 478.00 Td ( ) Tj ET Q q 0 0 0 rg BT 401.80 478.00 Td (of ) Tj ET Q q 0 0 0 rg BT 412.90 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 427.50 478.00 Td (bond, ) Tj ET Q q 0 0 0 rg BT 451.35 478.00 Td (which ) Tj ET Q q 0 0 0 rg BT 476.94 478.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 511.04 478.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.64 478.00 Td ($186.6 ) Tj ET Q q 0 0 0 rg BT 550.00 478.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 467.20 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 467.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 91.72 467.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 109.72 467.20 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.47 467.20 Td (31.1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.72 467.20 Td ( ) Tj ET Q q 0 0 0 rg BT 139.97 467.20 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.72 467.20 Td ($186.6 ) Tj ET Q q 0 0 0 rg BT 176.72 467.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.72 467.20 Td (\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.60 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.23 439.60 Td ($600 ) Tj ET Q q 0 0 0 rg BT 72.46 439.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.46 439.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.70 439.60 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 126.18 439.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 151.91 439.60 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 192.63 439.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 215.86 439.60 Td (due ) Tj ET Q q 0 0 0 rg BT 231.09 439.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 251.33 439.60 Td (are ) Tj ET Q q 0 0 0 rg BT 264.55 439.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 292.28 439.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.51 439.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.23 439.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.95 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.18 439.60 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 415.39 439.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 453.61 439.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 490.83 439.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.07 439.60 Td (our ) Tj ET Q q 0 0 0 rg BT 514.30 439.60 Td (indentures ) Tj ET Q q 0 0 0 rg BT 554.03 439.60 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.80 Td (restrict, ) Tj ET Q q 0 0 0 rg BT 65.78 428.80 Td (among ) Tj ET Q q 0 0 0 rg BT 92.82 428.80 Td (other ) Tj ET Q q 0 0 0 rg BT 113.86 428.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 140.66 428.80 Td (our ) Tj ET Q q 0 0 0 rg BT 155.20 428.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 180.74 428.80 Td (to ) Tj ET Q q 0 0 0 rg BT 190.28 428.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 205.82 428.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 245.61 428.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 266.65 428.80 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 317.94 428.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 338.97 428.80 Td (liens, ) Tj ET Q q 0 0 0 rg BT 360.76 428.80 Td (and ) Tj ET Q q 0 0 0 rg BT 376.30 428.80 Td (make ) Tj ET Q q 0 0 0 rg BT 398.34 428.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 425.36 428.80 Td (investments. ) Tj ET Q q 0 0 0 rg BT 473.15 428.80 Td (In ) Tj ET Q q 0 0 0 rg BT 483.20 428.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 517.49 428.80 Td (these ) Tj ET Q q 0 0 0 rg BT 538.52 428.80 Td (indentures ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.00 Td (contain ) Tj ET Q q 0 0 0 rg BT 65.39 418.00 Td (other ) Tj ET Q q 0 0 0 rg BT 86.79 418.00 Td (customary ) Tj ET Q q 0 0 0 rg BT 127.18 418.00 Td (terms, ) Tj ET Q q 0 0 0 rg BT 152.32 418.00 Td (including ) Tj ET Q q 0 0 0 rg BT 189.22 418.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 216.60 418.00 Td (events ) Tj ET Q q 0 0 0 rg BT 242.50 418.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.90 418.00 Td (default, ) Tj ET Q q 0 0 0 rg BT 283.03 418.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 303.94 418.00 Td (the ) Tj ET Q q 0 0 0 rg BT 317.83 418.00 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 360.20 418.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.60 418.00 Td (which, ) Tj ET Q q 0 0 0 rg BT 397.75 418.00 Td (the ) Tj ET Q q 0 0 0 rg BT 411.64 418.00 Td (bonds ) Tj ET Q q 0 0 0 rg BT 436.05 418.00 Td (may ) Tj ET Q q 0 0 0 rg BT 454.44 418.00 Td (be ) Tj ET Q q 0 0 0 rg BT 465.84 418.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 499.22 418.00 Td (immediately ) Tj ET Q q 0 0 0 rg BT 547.10 418.00 Td (due ) Tj ET Q q 0 0 0 rg BT 563.00 418.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 407.20 Td (payable.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 379.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.29 379.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 76.58 379.60 Td (to ) Tj ET Q q 0 0 0 rg BT 85.37 379.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.15 379.60 Td (above, ) Tj ET Q q 0 0 0 rg BT 123.68 379.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.47 379.60 Td (bond ) Tj ET Q q 0 0 0 rg BT 157.26 379.60 Td (indentures ) Tj ET Q q 0 0 0 rg BT 196.54 379.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 231.82 379.60 Td (also ) Tj ET Q q 0 0 0 rg BT 248.10 379.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 276.39 379.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 318.17 379.60 Td (which ) Tj ET Q q 0 0 0 rg BT 341.95 379.60 Td (are ) Tj ET Q q 0 0 0 rg BT 354.73 379.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 394.01 379.60 Td (for ) Tj ET Q q 0 0 0 rg BT 406.30 379.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 444.57 379.60 Td (financings ) Tj ET Q q 0 0 0 rg BT 483.85 379.60 Td (in ) Tj ET Q q 0 0 0 rg BT 492.64 379.60 Td (this ) Tj ET Q q 0 0 0 rg BT 507.44 379.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 538.73 379.60 Td (for ) Tj ET Q q 0 0 0 rg BT 551.01 379.60 Td (similar ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 368.80 Td (unrated ) Tj ET Q q 0 0 0 rg BT 65.00 368.80 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 90.76 368.80 Td (including ) Tj ET Q q 0 0 0 rg BT 126.77 368.80 Td (limitations ) Tj ET Q q 0 0 0 rg BT 167.28 368.80 Td (on ) Tj ET Q q 0 0 0 rg BT 178.29 368.80 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 229.04 368.80 Td (payments, ) Tj ET Q q 0 0 0 rg BT 267.79 368.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 312.79 368.80 Td (with ) Tj ET Q q 0 0 0 rg BT 330.80 368.80 Td (af) Tj ET Q q 0 0 0 rg BT 337.63 368.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 364.13 368.80 Td (and ) Tj ET Q q 0 0 0 rg BT 379.14 368.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 421.14 368.80 Td (on ) Tj ET Q q 0 0 0 rg BT 432.15 368.80 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 484.90 368.80 Td (mer) Tj ET Q q 0 0 0 rg BT 498.73 368.80 Td (ger ) Tj ET Q q 0 0 0 rg BT 512.24 368.80 Td (and ) Tj ET Q q 0 0 0 rg BT 527.24 368.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 543.25 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 552.75 368.80 Td (assets. ) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 36 339.791552734375 m 110.9970703125 339.791552734375 l s q 0 0 0 rg BT 36.00 341.20 Td (Related ) Tj ET Q q 0 0 0 rg BT 67.74 341.20 Td (party ) Tj ET Q q 0 0 0 rg BT 90.99 341.20 Td (loans) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 327.40 Td ($85 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 78.26 327.40 Td ( Seadrill Revolving Credit Facility) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 204.75 327.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 313.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.22 313.60 Td (has ) Tj ET Q q 0 0 0 rg BT 80.44 313.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 114.66 313.60 Td (North ) Tj ET Q q 0 0 0 rg BT 137.40 313.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 168.61 313.60 Td (an ) Tj ET Q q 0 0 0 rg BT 179.34 313.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 218.05 313.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 254.77 313.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 298.97 313.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 316.70 313.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.42 313.60 Td ($85 ) Tj ET Q q 0 0 0 rg BT 342.15 313.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.15 313.60 Td (. ) Tj ET Q q 0 0 0 rg BT 372.47 313.60 Td (The ) Tj ET Q q 0 0 0 rg BT 388.68 313.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 421.41 313.60 Td (date ) Tj ET Q q 0 0 0 rg BT 438.62 313.60 Td (is ) Tj ET Q q 0 0 0 rg BT 446.85 313.60 Td (set ) Tj ET Q q 0 0 0 rg BT 459.08 313.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.30 313.60 Td (January ) Tj ET Q q 0 0 0 rg BT 498.52 313.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 512.00 313.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 534.31 313.60 Td (The ) Tj ET Q q 0 0 0 rg BT 550.53 313.60 Td (facility ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 302.80 Td (was ) Tj ET Q q 0 0 0 rg BT 51.72 302.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 87.42 302.80 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.63 302.80 Td ($200 ) Tj ET Q q 0 0 0 rg BT 126.35 302.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.35 302.80 Td ( ) Tj ET Q q 0 0 0 rg BT 154.08 302.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.80 302.80 Td ($335 ) Tj ET Q q 0 0 0 rg BT 182.52 302.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.52 302.80 Td ( ) Tj ET Q q 0 0 0 rg BT 210.24 302.80 Td (on ) Tj ET Q q 0 0 0 rg BT 220.96 302.80 Td (June ) Tj ET Q q 0 0 0 rg BT 239.18 302.80 Td (28, ) Tj ET Q q 0 0 0 rg BT 252.15 302.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 274.12 302.80 Td (and ) Tj ET Q q 0 0 0 rg BT 288.84 302.80 Td (then ) Tj ET Q q 0 0 0 rg BT 306.05 302.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 343.25 302.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.97 302.80 Td ($85 ) Tj ET Q q 0 0 0 rg BT 367.19 302.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.19 302.80 Td ( ) Tj ET Q q 0 0 0 rg BT 394.91 302.80 Td (on ) Tj ET Q q 0 0 0 rg BT 405.63 302.80 Td (November ) Tj ET Q q 0 0 0 rg BT 445.34 302.80 Td (20, ) Tj ET Q q 0 0 0 rg BT 458.31 302.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 480.15 302.80 Td (The ) Tj ET Q q 0 0 0 rg BT 495.87 302.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 517.58 302.80 Td (of ) Tj ET Q q 0 0 0 rg BT 526.80 302.80 Td (the ) Tj ET Q q 0 0 0 rg BT 539.52 302.80 Td (remaining ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 64.12 292.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 74.25 292.00 Td ($85 ) Tj ET Q q 0 0 0 rg BT 90.38 292.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.38 292.00 Td ( ) Tj ET Q q 0 0 0 rg BT 119.02 292.00 Td (are ) Tj ET Q q 0 0 0 rg BT 132.64 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.26 292.00 Td (same ) Tj ET Q q 0 0 0 rg BT 167.39 292.00 Td (as ) Tj ET Q q 0 0 0 rg BT 177.52 292.00 Td (stated ) Tj ET Q q 0 0 0 rg BT 201.14 292.00 Td (in ) Tj ET Q q 0 0 0 rg BT 210.77 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.40 292.00 Td (original ) Tj ET Q q 0 0 0 rg BT 255.03 292.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 295.14 292.00 Td (dated ) Tj ET Q q 0 0 0 rg BT 317.26 292.00 Td (March ) Tj ET Q q 0 0 0 rg BT 343.38 292.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 357.26 292.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 379.95 292.00 Td (The ) Tj ET Q q 0 0 0 rg BT 396.58 292.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 425.70 292.00 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.34 292.00 Td (Libor) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.33 292.00 Td ( ) Tj ET Q q 0 0 0 rg BT 456.96 292.00 Td (plus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.60 292.00 Td (3.0%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.35 292.00 Td (per ) Tj ET Q q 0 0 0 rg BT 509.72 292.00 Td (annum. ) Tj ET Q q 0 0 0 rg BT 538.52 292.00 Td (Aggregate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.20 Td (drawdowns ) Tj ET Q q 0 0 0 rg BT 79.31 281.20 Td (and ) Tj ET Q q 0 0 0 rg BT 94.11 281.20 Td (repayments ) Tj ET Q q 0 0 0 rg BT 137.41 281.20 Td (on ) Tj ET Q q 0 0 0 rg BT 148.22 281.20 Td (this ) Tj ET Q q 0 0 0 rg BT 163.04 281.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 190.34 281.20 Td (during ) Tj ET Q q 0 0 0 rg BT 215.65 281.20 Td (the ) Tj ET Q q 0 0 0 rg BT 228.46 281.20 Td (year ) Tj ET Q q 0 0 0 rg BT 245.76 281.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.06 281.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 321.35 281.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.35 281.20 Td ( ) Tj ET Q q 0 0 0 rg BT 341.16 281.20 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.46 281.20 Td ($0 ) Tj ET Q q 0 0 0 rg BT 371.28 281.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.28 281.20 Td ( ) Tj ET Q q 0 0 0 rg BT 399.09 281.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.90 281.20 Td ($0 ) Tj ET Q q 0 0 0 rg BT 424.71 281.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.71 281.20 Td (, ) Tj ET Q q 0 0 0 rg BT 454.78 281.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 497.67 281.20 Td (. ) Tj ET Q q 0 0 0 rg BT 501.73 281.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.42 281.20 Td (The ) Tj ET Q q 0 0 0 rg BT 519.22 281.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 546.52 281.20 Td (matured ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 270.40 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 270.40 Td (January ) Tj ET Q q 0 0 0 rg BT 75.49 270.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 88.99 270.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.99 270.40 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 242.80 Td (SFL) Tj ET Q q 0 0 0 rg BT 52.17 242.80 Td ( Linus Ltd ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 55.01 229.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 86.01 229.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 115.50 229.00 Td (the ) Tj ET Q q 0 0 0 rg BT 128.82 229.00 Td (VIE ) Tj ET Q q 0 0 0 rg BT 146.31 229.00 Td (company) Tj ET Q q 0 0 0 rg BT 178.72 229.00 Td (, ) Tj ET Q q 0 0 0 rg BT 183.48 229.00 Td (SF ) Tj ET Q q 0 0 0 rg BT 195.99 229.00 Td (Linus ) Tj ET Q q 0 0 0 rg BT 219.00 229.00 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 236.25 229.00 Td (a ) Tj ET Q q 0 0 0 rg BT 242.75 229.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 260.75 229.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.75 229.00 Td ($195 ) Tj ET Q q 0 0 0 rg BT 291.26 229.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.26 229.00 Td ( ) Tj ET Q q 0 0 0 rg BT 319.76 229.00 Td (on ) Tj ET Q q 0 0 0 rg BT 331.27 229.00 Td (June28, ) Tj ET Q q 0 0 0 rg BT 363.77 229.00 Td (2013 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.27 229.00 Td (to ) Tj ET Q q 0 0 0 rg BT 393.78 229.00 Td (be ) Tj ET Q q 0 0 0 rg BT 404.78 229.00 Td (repaid ) Tj ET Q q 0 0 0 rg BT 429.77 229.00 Td (at ) Tj ET Q q 0 0 0 rg BT 438.77 229.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.27 229.00 Td (earlier ) Tj ET Q q 0 0 0 rg BT 477.75 229.00 Td (of ) Tj ET Q q 0 0 0 rg BT 487.76 229.00 Td (June ) Tj ET Q q 0 0 0 rg BT 506.76 229.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 520.51 229.00 Td (2029 ) Tj ET Q q 0 0 0 rg BT 541.02 229.00 Td (or ) Tj ET Q q 0 0 0 rg BT 551.02 229.00 Td (date ) Tj ET Q q 0 0 0 rg BT 568.52 229.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 218.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 52.48 218.20 Td (of ) Tj ET Q q 0 0 0 rg BT 62.47 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 75.78 218.20 Td (W) Tj ET Q q 0 0 0 rg BT 83.56 218.20 Td (est ) Tj ET Q q 0 0 0 rg BT 96.05 218.20 Td (Linus) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.55 218.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 119.04 218.20 Td (rig. ) Tj ET Q q 0 0 0 rg BT 133.60 218.20 Td (The ) Tj ET Q q 0 0 0 rg BT 150.08 218.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 168.07 218.20 Td (did ) Tj ET Q q 0 0 0 rg BT 182.07 218.20 Td (not ) Tj ET Q q 0 0 0 rg BT 196.06 218.20 Td (bear ) Tj ET Q q 0 0 0 rg BT 214.04 218.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 243.02 218.20 Td (until ) Tj ET Q q 0 0 0 rg BT 262.01 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.50 218.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 287.99 218.20 Td (was ) Tj ET Q q 0 0 0 rg BT 304.48 218.20 Td (delivered ) Tj ET Q q 0 0 0 rg BT 340.46 218.20 Td (from ) Tj ET Q q 0 0 0 rg BT 360.44 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 373.93 218.20 Td (yard. ) Tj ET Q q 0 0 0 rg BT 394.67 218.20 Td (SFL) Tj ET Q q 0 0 0 rg BT 409.84 218.20 Td ( ) Tj ET Q q 0 0 0 rg BT 412.33 218.20 Td (Linus ) Tj ET Q q 0 0 0 rg BT 435.33 218.20 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 452.57 218.20 Td (repaid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.55 218.20 Td ($70 ) Tj ET Q q 0 0 0 rg BT 493.54 218.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.54 218.20 Td ( ) Tj ET Q q 0 0 0 rg BT 522.03 218.20 Td (during ) Tj ET Q q 0 0 0 rg BT 548.02 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 561.51 218.20 Td (first ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 207.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 63.37 207.40 Td (in ) Tj ET Q q 0 0 0 rg BT 72.26 207.40 Td (2014. ) Tj ET Q q 0 0 0 rg BT 94.40 207.40 Td ( ) Tj ET Q q 0 0 0 rg BT 96.15 207.40 Td (The ) Tj ET Q q 0 0 0 rg BT 112.03 207.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 155.91 207.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 185.28 207.40 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.66 207.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 246.03 207.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.03 207.40 Td ( ) Tj ET Q q 0 0 0 rg BT 265.92 207.40 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.81 207.40 Td ($125 ) Tj ET Q q 0 0 0 rg BT 293.69 207.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.70 207.40 Td ( ) Tj ET Q q 0 0 0 rg BT 321.58 207.40 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.58 207.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 376.94 207.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.94 207.40 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.33 207.40 Td ($125 ) Tj ET Q q 0 0 0 rg BT 419.22 207.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.22 207.40 Td (\). ) Tj ET Q q 0 0 0 rg BT 452.22 207.40 Td (The ) Tj ET Q q 0 0 0 rg BT 468.10 207.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 501.97 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 511.36 207.40 Td (this ) Tj ET Q q 0 0 0 rg BT 526.25 207.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 543.63 207.40 Td (was ) Tj ET Q q 0 0 0 rg BT 559.51 207.40 Td (used ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 196.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 73.98 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 87.23 196.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 128.97 196.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.72 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.80 196.60 Td (W) Tj ET Q q 0 0 0 rg BT 159.57 196.60 Td (est ) Tj ET Q q 0 0 0 rg BT 171.82 196.60 Td (Linus. ) Tj ET Q q 0 0 0 rg BT 196.66 196.60 Td (The ) Tj ET Q q 0 0 0 rg BT 212.90 196.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 230.65 196.60 Td (is ) Tj ET Q q 0 0 0 rg BT 238.90 196.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 275.63 196.60 Td (as ) Tj ET Q q 0 0 0 rg BT 285.38 196.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 303.13 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 312.38 196.60 Td (related ) Tj ET Q q 0 0 0 rg BT 339.11 196.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 365.35 196.60 Td (on ) Tj ET Q q 0 0 0 rg BT 376.60 196.60 Td (our ) Tj ET Q q 0 0 0 rg BT 390.85 196.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 420.57 196.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 441.32 196.60 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.57 196.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 505.29 196.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.29 196.60 Td (.) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Covenants on cr) Tj ET Q q 0 0 0 rg BT 105.26 749.25 Td (edit facilities and unsecur) Tj ET Q q 0 0 0 rg BT 214.25 749.25 Td (ed bonds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.25 735.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.98 735.45 Td (facilities ) Tj ET Q q 0 0 0 rg BT 108.22 735.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 143.95 735.45 Td (contain ) Tj ET Q q 0 0 0 rg BT 172.69 735.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.42 735.45 Td (covenants ) Tj ET Q q 0 0 0 rg BT 244.66 735.45 Td (as ) Tj ET Q q 0 0 0 rg BT 254.41 735.45 Td (well ) Tj ET Q q 0 0 0 rg BT 272.15 735.45 Td (as ) Tj ET Q q 0 0 0 rg BT 281.90 735.45 Td (security ) Tj ET Q q 0 0 0 rg BT 312.64 735.45 Td (provided ) Tj ET Q q 0 0 0 rg BT 346.88 735.45 Td (to ) Tj ET Q q 0 0 0 rg BT 356.13 735.45 Td (lenders ) Tj ET Q q 0 0 0 rg BT 384.37 735.45 Td (in ) Tj ET Q q 0 0 0 rg BT 393.62 735.45 Td (the ) Tj ET Q q 0 0 0 rg BT 406.87 735.45 Td (form ) Tj ET Q q 0 0 0 rg BT 426.61 735.45 Td (of ) Tj ET Q q 0 0 0 rg BT 436.36 735.45 Td (pledged ) Tj ET Q q 0 0 0 rg BT 467.10 735.45 Td (assets.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 707.85 Td (Bank Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 694.05 Td (In ) Tj ET Q q 0 0 0 rg BT 46.08 694.05 Td (February ) Tj ET Q q 0 0 0 rg BT 81.14 694.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 103.97 694.05 Td (we ) Tj ET Q q 0 0 0 rg BT 117.04 694.05 Td (received ) Tj ET Q q 0 0 0 rg BT 150.10 694.05 Td (approval ) Tj ET Q q 0 0 0 rg BT 184.16 694.05 Td (to ) Tj ET Q q 0 0 0 rg BT 193.74 694.05 Td (amend ) Tj ET Q q 0 0 0 rg BT 220.31 694.05 Td (the ) Tj ET Q q 0 0 0 rg BT 233.89 694.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 277.44 694.05 Td (for ) Tj ET Q q 0 0 0 rg BT 290.52 694.05 Td (our ) Tj ET Q q 0 0 0 rg BT 305.09 694.05 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.17 694.05 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 350.00 694.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 694.05 Td ( ) Tj ET Q q 0 0 0 rg BT 378.58 694.05 Td (senior ) Tj ET Q q 0 0 0 rg BT 403.15 694.05 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 442.21 694.05 Td (bond, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.04 694.05 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 492.37 694.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.37 694.05 Td ( ) Tj ET Q q 0 0 0 rg BT 520.95 694.05 Td (Senior ) Tj ET Q q 0 0 0 rg BT 547.03 694.05 Td (Secured ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 683.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 60.71 683.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 87.62 683.25 Td (, ) Tj ET Q q 0 0 0 rg BT 92.08 683.25 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.28 683.25 Td ($475 ) Tj ET Q q 0 0 0 rg BT 127.49 683.25 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.49 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.70 683.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 185.40 683.25 Td (term ) Tj ET Q q 0 0 0 rg BT 204.10 683.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 224.05 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.26 683.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 250.96 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 683.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 286.37 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.08 683.25 Td (each ) Tj ET Q q 0 0 0 rg BT 314.77 683.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 356.71 683.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 386.91 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.12 683.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 422.32 683.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 463.01 683.25 Td (for ) Tj ET Q q 0 0 0 rg BT 475.71 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.92 683.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 512.63 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.84 683.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 550.53 683.25 Td (facility ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 672.45 Td (in ) Tj ET Q q 0 0 0 rg BT 45.42 672.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 81.82 672.45 Td (for ) Tj ET Q q 0 0 0 rg BT 94.74 672.45 Td (amendments ) Tj ET Q q 0 0 0 rg BT 142.65 672.45 Td (to ) Tj ET Q q 0 0 0 rg BT 152.07 672.45 Td (the ) Tj ET Q q 0 0 0 rg BT 165.48 672.45 Td (covenant ) Tj ET Q q 0 0 0 rg BT 200.39 672.45 Td (package, ) Tj ET Q q 0 0 0 rg BT 234.54 672.45 Td (principally ) Tj ET Q q 0 0 0 rg BT 275.95 672.45 Td (replacing ) Tj ET Q q 0 0 0 rg BT 311.85 672.45 Td (the ) Tj ET Q q 0 0 0 rg BT 325.27 672.45 Td (current ) Tj ET Q q 0 0 0 rg BT 353.18 672.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.08 672.45 Td (covenants ) Tj ET Q q 0 0 0 rg BT 425.49 672.45 Td (with ) Tj ET Q q 0 0 0 rg BT 443.91 672.45 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 479.45 672.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.35 672.45 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 554.01 672.45 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 661.65 Td (are ) Tj ET Q q 0 0 0 rg BT 49.49 661.65 Td (measured ) Tj ET Q q 0 0 0 rg BT 86.49 661.65 Td (at ) Tj ET Q q 0 0 0 rg BT 95.49 661.65 Td (the ) Tj ET Q q 0 0 0 rg BT 108.99 661.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 139.50 661.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 187.49 661.65 Td (level. ) Tj ET Q q 0 0 0 rg BT 209.74 661.65 Td ( ) Tj ET Q q 0 0 0 rg BT 212.25 661.65 Td (In ) Tj ET Q q 0 0 0 rg BT 222.25 661.65 Td (May ) Tj ET Q q 0 0 0 rg BT 241.26 661.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 264.02 661.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 294.52 661.65 Td (executed ) Tj ET Q q 0 0 0 rg BT 329.01 661.65 Td (an ) Tj ET Q q 0 0 0 rg BT 340.01 661.65 Td (amendment ) Tj ET Q q 0 0 0 rg BT 384.50 661.65 Td (to ) Tj ET Q q 0 0 0 rg BT 394.01 661.65 Td (the ) Tj ET Q q 0 0 0 rg BT 407.51 661.65 Td (covenants ) Tj ET Q q 0 0 0 rg BT 446.01 661.65 Td (contained ) Tj ET Q q 0 0 0 rg BT 483.50 661.65 Td (in ) Tj ET Q q 0 0 0 rg BT 493.01 661.65 Td (all ) Tj ET Q q 0 0 0 rg BT 504.52 661.65 Td (of ) Tj ET Q q 0 0 0 rg BT 514.52 661.65 Td (its ) Tj ET Q q 0 0 0 rg BT 525.53 661.65 Td (secured ) Tj ET Q q 0 0 0 rg BT 555.52 661.65 Td (credit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 650.85 Td (facilities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 623.25 Td (As ) Tj ET Q q 0 0 0 rg BT 48.25 623.25 Td (such ) Tj ET Q q 0 0 0 rg BT 67.00 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.24 623.25 Td (main ) Tj ET Q q 0 0 0 rg BT 100.49 623.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.22 623.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 172.46 623.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 209.69 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.94 623.25 Td (our ) Tj ET Q q 0 0 0 rg BT 233.19 623.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 255.93 623.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 289.16 623.25 Td (are ) Tj ET Q q 0 0 0 rg BT 302.40 623.25 Td (as ) Tj ET Q q 0 0 0 rg BT 312.15 623.25 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 609.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 609.45 Td (Aggregated ) Tj ET Q q 0 0 0 rg BT 116.34 609.45 Td (minimum ) Tj ET Q q 0 0 0 rg BT 153.69 609.45 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 186.55 609.45 Td (requirement ) Tj ET Q q 0 0 0 rg BT 232.39 609.45 Td (for ) Tj ET Q q 0 0 0 rg BT 245.24 609.45 Td (the ) Tj ET Q q 0 0 0 rg BT 258.59 609.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 288.94 609.45 Td (group: ) Tj ET Q q 0 0 0 rg BT 314.79 609.45 Td (to ) Tj ET Q q 0 0 0 rg BT 324.15 609.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 357.99 609.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.34 609.45 Td (and ) Tj ET Q q 0 0 0 rg BT 391.69 609.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 410.04 609.45 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 453.38 609.45 Td (of ) Tj ET Q q 0 0 0 rg BT 463.23 609.45 Td (at ) Tj ET Q q 0 0 0 rg BT 472.08 609.45 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.93 609.45 Td ($150 ) Tj ET Q q 0 0 0 rg BT 511.29 609.45 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.29 609.45 Td ( ) Tj ET Q q 0 0 0 rg BT 539.64 609.45 Td (within ) Tj ET Q q 0 0 0 rg BT 565.00 609.45 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 598.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 102.24 598.65 Td (group. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 584.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 584.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 101.24 584.85 Td (coverage ) Tj ET Q q 0 0 0 rg BT 135.96 584.85 Td (ratio: ) Tj ET Q q 0 0 0 rg BT 157.21 584.85 Td (to ) Tj ET Q q 0 0 0 rg BT 166.46 584.85 Td (maintain ) Tj ET Q q 0 0 0 rg BT 200.20 584.85 Td (an ) Tj ET Q q 0 0 0 rg BT 210.94 584.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 243.44 584.85 Td ( ) Tj ET Q q 0 0 0 rg BT 245.69 584.85 Td (to ) Tj ET Q q 0 0 0 rg BT 254.94 584.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.68 584.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 314.92 584.85 Td (ratio ) Tj ET Q q 0 0 0 rg BT 333.66 584.85 Td (of ) Tj ET Q q 0 0 0 rg BT 343.41 584.85 Td (at ) Tj ET Q q 0 0 0 rg BT 352.15 584.85 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.89 584.85 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.14 584.85 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 571.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 571.05 Td (Current ) Tj ET Q q 0 0 0 rg BT 101.26 571.05 Td (ratio: ) Tj ET Q q 0 0 0 rg BT 122.03 571.05 Td (to ) Tj ET Q q 0 0 0 rg BT 130.80 571.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 164.06 571.05 Td (current ) Tj ET Q q 0 0 0 rg BT 191.32 571.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 214.08 571.05 Td (to ) Tj ET Q q 0 0 0 rg BT 222.86 571.05 Td (current ) Tj ET Q q 0 0 0 rg BT 250.11 571.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 285.38 571.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 303.64 571.05 Td (of ) Tj ET Q q 0 0 0 rg BT 312.91 571.05 Td (at ) Tj ET Q q 0 0 0 rg BT 321.17 571.05 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.44 571.05 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.94 571.05 Td (. ) Tj ET Q q 0 0 0 rg BT 347.96 571.05 Td (Current ) Tj ET Q q 0 0 0 rg BT 377.22 571.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 399.99 571.05 Td (are ) Tj ET Q q 0 0 0 rg BT 412.75 571.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 441.51 571.05 Td (as ) Tj ET Q q 0 0 0 rg BT 450.77 571.05 Td (book ) Tj ET Q q 0 0 0 rg BT 470.54 571.05 Td (value ) Tj ET Q q 0 0 0 rg BT 491.81 571.05 Td (less ) Tj ET Q q 0 0 0 rg BT 507.08 571.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 543.85 571.05 Td (liquidity) Tj ET Q q 0 0 0 rg BT 573.77 571.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 560.25 Td (but ) Tj ET Q q 0 0 0 rg BT 85.27 560.25 Td (including ) Tj ET Q q 0 0 0 rg BT 121.03 560.25 Td (up ) Tj ET Q q 0 0 0 rg BT 131.79 560.25 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 140.56 560.25 Td (20%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.06 560.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.82 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.08 560.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 192.34 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.11 560.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 222.37 560.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 262.63 560.25 Td (owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.38 560.25 Td (20%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.88 560.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.65 560.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.91 560.25 Td (more. ) Tj ET Q q 0 0 0 rg BT 338.42 560.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 367.68 560.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 402.94 560.25 Td (are ) Tj ET Q q 0 0 0 rg BT 415.69 560.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 444.44 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.70 560.25 Td (book ) Tj ET Q q 0 0 0 rg BT 473.47 560.25 Td (value ) Tj ET Q q 0 0 0 rg BT 494.72 560.25 Td (less ) Tj ET Q q 0 0 0 rg BT 509.99 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.75 560.25 Td (current ) Tj ET Q q 0 0 0 rg BT 550.00 560.25 Td (portion ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 549.45 Td (of ) Tj ET Q q 0 0 0 rg BT 81.75 549.45 Td (long ) Tj ET Q q 0 0 0 rg BT 100.00 549.45 Td (term ) Tj ET Q q 0 0 0 rg BT 118.74 549.45 Td (debt.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 535.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 535.65 Td (Equity ) Tj ET Q q 0 0 0 rg BT 98.31 535.65 Td (ratio: ) Tj ET Q q 0 0 0 rg BT 119.62 535.65 Td (to ) Tj ET Q q 0 0 0 rg BT 128.94 535.65 Td (maintain ) Tj ET Q q 0 0 0 rg BT 162.74 535.65 Td (total ) Tj ET Q q 0 0 0 rg BT 181.05 535.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 205.86 535.65 Td (to ) Tj ET Q q 0 0 0 rg BT 215.18 535.65 Td (total ) Tj ET Q q 0 0 0 rg BT 233.49 535.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 256.80 535.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 275.61 535.65 Td (of ) Tj ET Q q 0 0 0 rg BT 285.42 535.65 Td (at ) Tj ET Q q 0 0 0 rg BT 294.23 535.65 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.04 535.65 Td (30%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.54 535.65 Td (. ) Tj ET Q q 0 0 0 rg BT 334.10 535.65 Td (Both ) Tj ET Q q 0 0 0 rg BT 353.92 535.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 378.73 535.65 Td (and ) Tj ET Q q 0 0 0 rg BT 394.04 535.65 Td (total ) Tj ET Q q 0 0 0 rg BT 412.35 535.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 435.66 535.65 Td (are ) Tj ET Q q 0 0 0 rg BT 448.97 535.65 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 481.27 535.65 Td (for ) Tj ET Q q 0 0 0 rg BT 494.08 535.65 Td (the ) Tj ET Q q 0 0 0 rg BT 507.39 535.65 Td (dif) Tj ET Q q 0 0 0 rg BT 517.23 535.65 Td (ference ) Tj ET Q q 0 0 0 rg BT 546.01 535.65 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 524.85 Td (book ) Tj ET Q q 0 0 0 rg BT 92.25 524.85 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 524.85 Td (market ) Tj ET Q q 0 0 0 rg BT 134.73 524.85 Td (values ) Tj ET Q q 0 0 0 rg BT 159.97 524.85 Td (of ) Tj ET Q q 0 0 0 rg BT 169.72 524.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 198.47 524.85 Td (units.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 511.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 511.05 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 107.99 511.05 Td (ratio: ) Tj ET Q q 0 0 0 rg BT 129.50 511.05 Td (to ) Tj ET Q q 0 0 0 rg BT 139.02 511.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 173.03 511.05 Td (a ) Tj ET Q q 0 0 0 rg BT 179.54 511.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 198.55 511.05 Td (of ) Tj ET Q q 0 0 0 rg BT 208.57 511.05 Td (net ) Tj ET Q q 0 0 0 rg BT 222.08 511.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 240.10 511.05 Td (to ) Tj ET Q q 0 0 0 rg BT 249.61 511.05 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 287.38 511.05 Td (Net ) Tj ET Q q 0 0 0 rg BT 302.89 511.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 320.90 511.05 Td (is ) Tj ET Q q 0 0 0 rg BT 329.42 511.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 368.42 511.05 Td (as ) Tj ET Q q 0 0 0 rg BT 378.43 511.05 Td (all ) Tj ET Q q 0 0 0 rg BT 389.94 511.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 418.95 511.05 Td (bearing ) Tj ET Q q 0 0 0 rg BT 448.46 511.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.47 511.05 Td (less ) Tj ET Q q 0 0 0 rg BT 482.49 511.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 501.00 511.05 Td (and ) Tj ET Q q 0 0 0 rg BT 516.51 511.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 535.02 511.05 Td (equivalents ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 500.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 109.74 500.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 146.99 500.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 179.75 500.25 Td (requirements.) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 81.00 484.51 cm /I33 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 486.45 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.25 486.45 Td (:1, ) Tj ET Q q 0 0 0 rg BT 122.01 486.45 Td (from ) Tj ET Q q 0 0 0 rg BT 142.01 486.45 Td (and ) Tj ET Q q 0 0 0 rg BT 157.51 486.45 Td (including ) Tj ET Q q 0 0 0 rg BT 194.01 486.45 Td (the ) Tj ET Q q 0 0 0 rg BT 207.51 486.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.50 486.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.49 486.45 Td (starting ) Tj ET Q q 0 0 0 rg BT 298.99 486.45 Td (on ) Tj ET Q q 0 0 0 rg BT 310.50 486.45 Td (July ) Tj ET Q q 0 0 0 rg BT 328.00 486.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 337.26 486.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 357.77 486.45 Td (and ) Tj ET Q q 0 0 0 rg BT 373.27 486.45 Td (including ) Tj ET Q q 0 0 0 rg BT 409.77 486.45 Td (the ) Tj ET Q q 0 0 0 rg BT 423.27 486.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.26 486.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 485.25 486.45 Td (ending ) Tj ET Q q 0 0 0 rg BT 512.25 486.45 Td (on ) Tj ET Q q 0 0 0 rg BT 523.75 486.45 Td (September ) Tj ET Q q 0 0 0 rg BT 564.75 486.45 Td (30, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 475.65 Td (2016;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 81.00 459.91 cm /I34 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 461.85 Td (5.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.25 461.85 Td (:1, ) Tj ET Q q 0 0 0 rg BT 121.96 461.85 Td (from ) Tj ET Q q 0 0 0 rg BT 141.91 461.85 Td (and ) Tj ET Q q 0 0 0 rg BT 157.36 461.85 Td (including ) Tj ET Q q 0 0 0 rg BT 193.81 461.85 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 461.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.20 461.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.14 461.85 Td (starting ) Tj ET Q q 0 0 0 rg BT 298.59 461.85 Td (on ) Tj ET Q q 0 0 0 rg BT 310.04 461.85 Td (October ) Tj ET Q q 0 0 0 rg BT 341.48 461.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 350.69 461.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 371.15 461.85 Td (and ) Tj ET Q q 0 0 0 rg BT 386.60 461.85 Td (including ) Tj ET Q q 0 0 0 rg BT 423.05 461.85 Td (the ) Tj ET Q q 0 0 0 rg BT 436.50 461.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 470.44 461.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 498.38 461.85 Td (ending ) Tj ET Q q 0 0 0 rg BT 525.33 461.85 Td (December ) Tj ET Q q 0 0 0 rg BT 564.76 461.85 Td (31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 451.05 Td (2016;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 81.00 435.31 cm /I35 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 437.25 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.25 437.25 Td (:1, ) Tj ET Q q 0 0 0 rg BT 121.75 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 141.50 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.74 437.25 Td (including ) Tj ET Q q 0 0 0 rg BT 192.99 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.23 437.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.96 437.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 267.70 437.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 296.94 437.25 Td (on ) Tj ET Q q 0 0 0 rg BT 308.19 437.25 Td (January ) Tj ET Q q 0 0 0 rg BT 338.43 437.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 347.43 437.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 367.68 437.25 Td (until ) Tj ET Q q 0 0 0 rg BT 386.43 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.68 437.25 Td (final ) Tj ET Q q 0 0 0 rg BT 418.42 437.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 451.16 437.25 Td (date. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 409.65 Td (In ) Tj ET Q q 0 0 0 rg BT 45.92 409.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 87.84 409.65 Td (with ) Tj ET Q q 0 0 0 rg BT 106.26 409.65 Td (the ) Tj ET Q q 0 0 0 rg BT 119.68 409.65 Td (amendment ) Tj ET Q q 0 0 0 rg BT 164.10 409.65 Td (made ) Tj ET Q q 0 0 0 rg BT 186.01 409.65 Td (in ) Tj ET Q q 0 0 0 rg BT 195.44 409.65 Td (May ) Tj ET Q q 0 0 0 rg BT 214.36 409.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 237.04 409.65 Td (ef) Tj ET Q q 0 0 0 rg BT 243.87 409.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 270.78 409.65 Td (from ) Tj ET Q q 0 0 0 rg BT 290.70 409.65 Td (July ) Tj ET Q q 0 0 0 rg BT 308.13 409.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 317.31 409.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 339.98 409.65 Td (an ) Tj ET Q q 0 0 0 rg BT 350.90 409.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 389.32 409.65 Td (mar) Tj ET Q q 0 0 0 rg BT 403.15 409.65 Td (gin ) Tj ET Q q 0 0 0 rg BT 417.08 409.65 Td (may ) Tj ET Q q 0 0 0 rg BT 435.00 409.65 Td (be ) Tj ET Q q 0 0 0 rg BT 445.92 409.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 476.33 409.65 Td (on ) Tj ET Q q 0 0 0 rg BT 487.76 409.65 Td (the ) Tj ET Q q 0 0 0 rg BT 501.18 409.65 Td (senior ) Tj ET Q q 0 0 0 rg BT 525.60 409.65 Td (secured ) Tj ET Q q 0 0 0 rg BT 555.51 409.65 Td (credit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 398.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 69.24 398.85 Td (as ) Tj ET Q q 0 0 0 rg BT 78.98 398.85 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 385.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 385.05 Td (0.125%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.75 385.05 Td ( ) Tj ET Q q 0 0 0 rg BT 102.00 385.05 Td (per ) Tj ET Q q 0 0 0 rg BT 115.74 385.05 Td (annum ) Tj ET Q q 0 0 0 rg BT 142.48 385.05 Td (if ) Tj ET Q q 0 0 0 rg BT 150.23 385.05 Td (the ) Tj ET Q q 0 0 0 rg BT 163.48 385.05 Td (leverage ) Tj ET Q q 0 0 0 rg BT 196.20 385.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 214.95 385.05 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.20 385.05 Td (4.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.95 385.05 Td (:1 ) Tj ET Q q 0 0 0 rg BT 248.20 385.05 Td (up ) Tj ET Q q 0 0 0 rg BT 259.45 385.05 Td (to ) Tj ET Q q 0 0 0 rg BT 268.70 385.05 Td (and ) Tj ET Q q 0 0 0 rg BT 283.94 385.05 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.19 385.05 Td (4.99) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.94 385.05 Td (:1;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 371.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 371.25 Td (0.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.25 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 371.25 Td (per ) Tj ET Q q 0 0 0 rg BT 111.24 371.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 137.98 371.25 Td (if ) Tj ET Q q 0 0 0 rg BT 145.73 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.98 371.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 191.70 371.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 210.45 371.25 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.70 371.25 Td (5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.45 371.25 Td (:1 ) Tj ET Q q 0 0 0 rg BT 243.70 371.25 Td (up ) Tj ET Q q 0 0 0 rg BT 254.95 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.20 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.44 371.25 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.69 371.25 Td (5.49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.44 371.25 Td (:1;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 357.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 357.45 Td (0.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.25 357.45 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 357.45 Td (per ) Tj ET Q q 0 0 0 rg BT 111.24 357.45 Td (annum ) Tj ET Q q 0 0 0 rg BT 137.98 357.45 Td (if ) Tj ET Q q 0 0 0 rg BT 145.73 357.45 Td (the ) Tj ET Q q 0 0 0 rg BT 158.98 357.45 Td (leverage ) Tj ET Q q 0 0 0 rg BT 191.70 357.45 Td (ratio ) Tj ET Q q 0 0 0 rg BT 210.45 357.45 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.70 357.45 Td (5.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.45 357.45 Td (:1 ) Tj ET Q q 0 0 0 rg BT 243.70 357.45 Td (up ) Tj ET Q q 0 0 0 rg BT 254.95 357.45 Td (to ) Tj ET Q q 0 0 0 rg BT 264.20 357.45 Td (and ) Tj ET Q q 0 0 0 rg BT 279.44 357.45 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.69 357.45 Td (6.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.44 357.45 Td (:1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.85 Td (In ) Tj ET Q q 0 0 0 rg BT 45.04 329.85 Td (addition, ) Tj ET Q q 0 0 0 rg BT 78.34 329.85 Td (as ) Tj ET Q q 0 0 0 rg BT 87.38 329.85 Td (part ) Tj ET Q q 0 0 0 rg BT 102.92 329.85 Td (of ) Tj ET Q q 0 0 0 rg BT 111.97 329.85 Td (the ) Tj ET Q q 0 0 0 rg BT 124.51 329.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 171.55 329.85 Td (to ) Tj ET Q q 0 0 0 rg BT 180.10 329.85 Td (the ) Tj ET Q q 0 0 0 rg BT 192.64 329.85 Td (covenants ) Tj ET Q q 0 0 0 rg BT 230.17 329.85 Td (contained ) Tj ET Q q 0 0 0 rg BT 266.71 329.85 Td (in ) Tj ET Q q 0 0 0 rg BT 275.25 329.85 Td (the ) Tj ET Q q 0 0 0 rg BT 287.80 329.85 Td (Company) Tj ET Q q 0 0 0 rg BT 325.30 329.85 Td (s ) Tj ET Q q 0 0 0 rg BT 330.35 329.85 Td (senior ) Tj ET Q q 0 0 0 rg BT 353.89 329.85 Td (secured ) Tj ET Q q 0 0 0 rg BT 382.92 329.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 404.96 329.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 437.49 329.85 Td (in ) Tj ET Q q 0 0 0 rg BT 446.04 329.85 Td (May ) Tj ET Q q 0 0 0 rg BT 464.08 329.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 485.88 329.85 Td (the ) Tj ET Q q 0 0 0 rg BT 498.42 329.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.97 329.85 Td (is ) Tj ET Q q 0 0 0 rg BT 542.52 329.85 Td (restricted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.05 Td (from ) Tj ET Q q 0 0 0 rg BT 55.74 319.05 Td (making ) Tj ET Q q 0 0 0 rg BT 84.99 319.05 Td (dividend ) Tj ET Q q 0 0 0 rg BT 118.74 319.05 Td (distributions ) Tj ET Q q 0 0 0 rg BT 165.99 319.05 Td (during ) Tj ET Q q 0 0 0 rg BT 191.74 319.05 Td (the ) Tj ET Q q 0 0 0 rg BT 204.98 319.05 Td (waiver ) Tj ET Q q 0 0 0 rg BT 231.72 319.05 Td (period ) Tj ET Q q 0 0 0 rg BT 256.96 319.05 Td (until ) Tj ET Q q 0 0 0 rg BT 275.71 319.05 Td (January ) Tj ET Q q 0 0 0 rg BT 305.95 319.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 312.70 319.05 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 291.45 Td (On ) Tj ET Q q 0 0 0 rg BT 48.95 291.45 Td (April ) Tj ET Q q 0 0 0 rg BT 70.46 291.45 Td (28, ) Tj ET Q q 0 0 0 rg BT 84.22 291.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 106.97 291.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 137.47 291.45 Td (and ) Tj ET Q q 0 0 0 rg BT 152.98 291.45 Td (the ) Tj ET Q q 0 0 0 rg BT 166.48 291.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.98 291.45 Td (executed ) Tj ET Q q 0 0 0 rg BT 238.47 291.45 Td (amendment ) Tj ET Q q 0 0 0 rg BT 282.96 291.45 Td (and ) Tj ET Q q 0 0 0 rg BT 298.46 291.45 Td (waiver ) Tj ET Q q 0 0 0 rg BT 325.46 291.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 368.94 291.45 Td (in ) Tj ET Q q 0 0 0 rg BT 378.45 291.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 406.44 291.45 Td (of ) Tj ET Q q 0 0 0 rg BT 416.45 291.45 Td (all ) Tj ET Q q 0 0 0 rg BT 427.95 291.45 Td (of ) Tj ET Q q 0 0 0 rg BT 437.95 291.45 Td (its ) Tj ET Q q 0 0 0 rg BT 448.97 291.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 473.47 291.45 Td (secured ) Tj ET Q q 0 0 0 rg BT 503.46 291.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 526.45 291.45 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 562.01 291.45 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 280.65 Td (maturity ) Tj ET Q q 0 0 0 rg BT 68.29 280.65 Td (of ) Tj ET Q q 0 0 0 rg BT 77.58 280.65 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.38 280.65 Td ($2 ) Tj ET Q q 0 0 0 rg BT 102.17 280.65 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.68 280.65 Td ( ) Tj ET Q q 0 0 0 rg BT 127.47 280.65 Td (senior ) Tj ET Q q 0 0 0 rg BT 151.26 280.65 Td (secured ) Tj ET Q q 0 0 0 rg BT 180.54 280.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.83 280.65 Td (facility ) Tj ET Q q 0 0 0 rg BT 230.11 280.65 Td (has ) Tj ET Q q 0 0 0 rg BT 243.90 280.65 Td (been ) Tj ET Q q 0 0 0 rg BT 262.69 280.65 Td (extended ) Tj ET Q q 0 0 0 rg BT 296.97 280.65 Td (to ) Tj ET Q q 0 0 0 rg BT 305.77 280.65 Td (June ) Tj ET Q q 0 0 0 rg BT 324.06 280.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 337.11 280.65 Td (2017. ) Tj ET Q q 0 0 0 rg BT 359.15 280.65 Td (In ) Tj ET Q q 0 0 0 rg BT 368.45 280.65 Td (addition, ) Tj ET Q q 0 0 0 rg BT 401.99 280.65 Td (the ) Tj ET Q q 0 0 0 rg BT 414.78 280.65 Td (key ) Tj ET Q q 0 0 0 rg BT 429.57 280.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 451.36 280.65 Td (and ) Tj ET Q q 0 0 0 rg BT 466.15 280.65 Td (conditions ) Tj ET Q q 0 0 0 rg BT 505.45 280.65 Td (of ) Tj ET Q q 0 0 0 rg BT 514.74 280.65 Td (these ) Tj ET Q q 0 0 0 rg BT 535.03 280.65 Td (agreements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 269.85 Td (are ) Tj ET Q q 0 0 0 rg BT 49.24 269.85 Td (as ) Tj ET Q q 0 0 0 rg BT 58.98 269.85 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 256.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 72 254.85029296874995 m 114.486328125 254.85029296874995 l s q 0 0 0 rg BT 72.00 256.05 Td (Equity ) Tj ET Q q 0 0 0 rg BT 97.99 256.05 Td (ratio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 114.49 256.05 Td (: ) Tj ET Q q 0 0 0 rg BT 118.98 256.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 148.97 256.05 Td (is ) Tj ET Q q 0 0 0 rg BT 156.97 256.05 Td (required ) Tj ET Q q 0 0 0 rg BT 188.95 256.05 Td (to ) Tj ET Q q 0 0 0 rg BT 197.94 256.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 231.43 256.05 Td (a ) Tj ET Q q 0 0 0 rg BT 237.42 256.05 Td (total ) Tj ET Q q 0 0 0 rg BT 255.41 256.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 279.90 256.05 Td (to ) Tj ET Q q 0 0 0 rg BT 288.90 256.05 Td (total ) Tj ET Q q 0 0 0 rg BT 306.89 256.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.88 256.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 348.37 256.05 Td (of ) Tj ET Q q 0 0 0 rg BT 357.86 256.05 Td (at ) Tj ET Q q 0 0 0 rg BT 366.35 256.05 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.84 256.05 Td (30.0%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.08 256.05 Td (. ) Tj ET Q q 0 0 0 rg BT 412.33 256.05 Td ( ) Tj ET Q q 0 0 0 rg BT 414.33 256.05 Td (Prior ) Tj ET Q q 0 0 0 rg BT 434.32 256.05 Td (to ) Tj ET Q q 0 0 0 rg BT 443.32 256.05 Td (the ) Tj ET Q q 0 0 0 rg BT 456.31 256.05 Td (amendment, ) Tj ET Q q 0 0 0 rg BT 502.54 256.05 Td (both ) Tj ET Q q 0 0 0 rg BT 520.53 256.05 Td (total ) Tj ET Q q 0 0 0 rg BT 538.52 256.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 563.01 256.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 245.25 Td (total ) Tj ET Q q 0 0 0 rg BT 90.09 245.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 113.18 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 126.25 245.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 158.34 245.25 Td (for ) Tj ET Q q 0 0 0 rg BT 170.93 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.01 245.25 Td (dif) Tj ET Q q 0 0 0 rg BT 193.85 245.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 222.41 245.25 Td (between ) Tj ET Q q 0 0 0 rg BT 254.49 245.25 Td (book ) Tj ET Q q 0 0 0 rg BT 274.58 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.67 245.25 Td (market ) Tj ET Q q 0 0 0 rg BT 316.74 245.25 Td (values ) Tj ET Q q 0 0 0 rg BT 341.83 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.42 245.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 380.01 245.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 401.85 245.25 Td (as ) Tj ET Q q 0 0 0 rg BT 411.44 245.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 454.02 245.25 Td (by ) Tj ET Q q 0 0 0 rg BT 465.11 245.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 511.19 245.25 Td (broker ) Tj ET Q q 0 0 0 rg BT 536.77 245.25 Td (valuations. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 234.45 Td (The ) Tj ET Q q 0 0 0 rg BT 88.24 234.45 Td (amendment ) Tj ET Q q 0 0 0 rg BT 132.48 234.45 Td (removes ) Tj ET Q q 0 0 0 rg BT 165.22 234.45 Td (the ) Tj ET Q q 0 0 0 rg BT 178.46 234.45 Td (need ) Tj ET Q q 0 0 0 rg BT 197.70 234.45 Td (for ) Tj ET Q q 0 0 0 rg BT 210.45 234.45 Td (the ) Tj ET Q q 0 0 0 rg BT 223.69 234.45 Td (market ) Tj ET Q q 0 0 0 rg BT 250.93 234.45 Td (value ) Tj ET Q q 0 0 0 rg BT 272.67 234.45 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 314.41 234.45 Td (from ) Tj ET Q q 0 0 0 rg BT 334.16 234.45 Td (the ) Tj ET Q q 0 0 0 rg BT 347.40 234.45 Td (calculation ) Tj ET Q q 0 0 0 rg BT 389.13 234.45 Td (of ) Tj ET Q q 0 0 0 rg BT 398.88 234.45 Td (the ) Tj ET Q q 0 0 0 rg BT 412.12 234.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 436.87 234.45 Td (ratio ) Tj ET Q q 0 0 0 rg BT 455.61 234.45 Td (until ) Tj ET Q q 0 0 0 rg BT 474.36 234.45 Td (June ) Tj ET Q q 0 0 0 rg BT 493.11 234.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 506.61 234.45 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 206.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 72 205.65029296875002 m 124.6826171875 205.65029296875002 l s q 0 0 0 rg BT 72.00 206.85 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 108.19 206.85 Td (ratio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.68 206.85 Td (: ) Tj ET Q q 0 0 0 rg BT 129.90 206.85 Td (the ) Tj ET Q q 0 0 0 rg BT 143.61 206.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 174.32 206.85 Td (is ) Tj ET Q q 0 0 0 rg BT 183.04 206.85 Td (required ) Tj ET Q q 0 0 0 rg BT 215.74 206.85 Td (to ) Tj ET Q q 0 0 0 rg BT 225.46 206.85 Td (maintain ) Tj ET Q q 0 0 0 rg BT 259.67 206.85 Td (a ) Tj ET Q q 0 0 0 rg BT 266.38 206.85 Td (ratio ) Tj ET Q q 0 0 0 rg BT 285.59 206.85 Td (of ) Tj ET Q q 0 0 0 rg BT 295.80 206.85 Td (net ) Tj ET Q q 0 0 0 rg BT 309.51 206.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 327.73 206.85 Td (to ) Tj ET Q q 0 0 0 rg BT 337.44 206.85 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 375.40 206.85 Td (Prior ) Tj ET Q q 0 0 0 rg BT 396.12 206.85 Td (to ) Tj ET Q q 0 0 0 rg BT 405.84 206.85 Td (the ) Tj ET Q q 0 0 0 rg BT 419.55 206.85 Td (amendment ) Tj ET Q q 0 0 0 rg BT 464.25 206.85 Td (the ) Tj ET Q q 0 0 0 rg BT 477.96 206.85 Td (leverage ) Tj ET Q q 0 0 0 rg BT 511.16 206.85 Td (ratio ) Tj ET Q q 0 0 0 rg BT 530.37 206.85 Td (had ) Tj ET Q q 0 0 0 rg BT 546.08 206.85 Td (to ) Tj ET Q q 0 0 0 rg BT 555.80 206.85 Td (be ) Tj ET Q q 0 0 0 rg BT 567.01 206.85 Td (no ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 196.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 99.11 196.05 Td (than ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.74 196.05 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.99 196.05 Td (:1, ) Tj ET Q q 0 0 0 rg BT 139.37 196.05 Td (falling ) Tj ET Q q 0 0 0 rg BT 165.00 196.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.13 196.05 Td (5.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.38 196.05 Td (:1 ) Tj ET Q q 0 0 0 rg BT 194.51 196.05 Td (from ) Tj ET Q q 0 0 0 rg BT 214.14 196.05 Td (October ) Tj ET Q q 0 0 0 rg BT 245.26 196.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 254.14 196.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 276.52 196.05 Td (and ) Tj ET Q q 0 0 0 rg BT 291.65 196.05 Td (falling ) Tj ET Q q 0 0 0 rg BT 317.27 196.05 Td (again ) Tj ET Q q 0 0 0 rg BT 338.90 196.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.03 196.05 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.28 196.05 Td (:1 ) Tj ET Q q 0 0 0 rg BT 368.41 196.05 Td (from ) Tj ET Q q 0 0 0 rg BT 388.04 196.05 Td (January ) Tj ET Q q 0 0 0 rg BT 418.16 196.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 427.04 196.05 Td (2017. ) Tj ET Q q 0 0 0 rg BT 449.43 196.05 Td ( ) Tj ET Q q 0 0 0 rg BT 451.40 196.05 Td (The ) Tj ET Q q 0 0 0 rg BT 467.53 196.05 Td (amendment ) Tj ET Q q 0 0 0 rg BT 511.65 196.05 Td (retains ) Tj ET Q q 0 0 0 rg BT 537.77 196.05 Td (the ) Tj ET Q q 0 0 0 rg BT 550.90 196.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 569.52 196.05 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 185.25 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.25 185.25 Td (:1 ) Tj ET Q q 0 0 0 rg BT 92.50 185.25 Td (until ) Tj ET Q q 0 0 0 rg BT 111.25 185.25 Td (December ) Tj ET Q q 0 0 0 rg BT 150.48 185.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.98 185.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 186.48 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.72 185.25 Td (then ) Tj ET Q q 0 0 0 rg BT 219.47 185.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 254.70 185.25 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.95 185.25 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.20 185.25 Td (:1 ) Tj ET Q q 0 0 0 rg BT 284.45 185.25 Td (between ) Tj ET Q q 0 0 0 rg BT 316.68 185.25 Td (January ) Tj ET Q q 0 0 0 rg BT 346.92 185.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 355.92 185.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 376.17 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.42 185.25 Td (June ) Tj ET Q q 0 0 0 rg BT 410.16 185.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 423.66 185.25 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 157.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 72 156.45029296874998 m 159.4775390625 156.45029296874998 l s q 0 0 0 rg BT 72.00 157.65 Td (Minimum-value-clauses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.48 157.65 Td (: ) Tj ET Q q 0 0 0 rg BT 163.80 157.65 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 198.74 157.65 Td (and ) Tj ET Q q 0 0 0 rg BT 213.55 157.65 Td (the ) Tj ET Q q 0 0 0 rg BT 226.37 157.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 268.31 157.65 Td (secured ) Tj ET Q q 0 0 0 rg BT 297.61 157.65 Td (bank ) Tj ET Q q 0 0 0 rg BT 316.93 157.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 339.23 157.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 372.04 157.65 Td (contain ) Tj ET Q q 0 0 0 rg BT 400.35 157.65 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 450.15 157.65 Td (clauses, ) Tj ET Q q 0 0 0 rg BT 480.21 157.65 Td (or ) Tj ET Q q 0 0 0 rg BT 489.53 157.65 Td (minimum-value-clauses ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 146.85 Td (\(MVC\), ) Tj ET Q q 0 0 0 rg BT 111.08 146.85 Td (which ) Tj ET Q q 0 0 0 rg BT 135.42 146.85 Td (could ) Tj ET Q q 0 0 0 rg BT 157.76 146.85 Td (require ) Tj ET Q q 0 0 0 rg BT 185.59 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 198.93 146.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 229.27 146.85 Td (and ) Tj ET Q q 0 0 0 rg BT 244.61 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 257.95 146.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 295.29 146.85 Td (to ) Tj ET Q q 0 0 0 rg BT 304.64 146.85 Td (post ) Tj ET Q q 0 0 0 rg BT 321.98 146.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 360.32 146.85 Td (collateral ) Tj ET Q q 0 0 0 rg BT 396.14 146.85 Td (or ) Tj ET Q q 0 0 0 rg BT 405.98 146.85 Td (prepay ) Tj ET Q q 0 0 0 rg BT 432.81 146.85 Td (a ) Tj ET Q q 0 0 0 rg BT 439.15 146.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 467.50 146.85 Td (of ) Tj ET Q q 0 0 0 rg BT 477.34 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 490.68 146.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 535.02 146.85 Td (borrowings ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 136.05 Td (should ) Tj ET Q q 0 0 0 rg BT 98.24 136.05 Td (the ) Tj ET Q q 0 0 0 rg BT 111.48 136.05 Td (value ) Tj ET Q q 0 0 0 rg BT 133.21 136.05 Td (of ) Tj ET Q q 0 0 0 rg BT 142.95 136.05 Td (the ) Tj ET Q q 0 0 0 rg BT 156.19 136.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 184.93 136.05 Td (units ) Tj ET Q q 0 0 0 rg BT 204.67 136.05 Td (securing ) Tj ET Q q 0 0 0 rg BT 237.40 136.05 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 280.64 136.05 Td (under ) Tj ET Q q 0 0 0 rg BT 303.37 136.05 Td (each ) Tj ET Q q 0 0 0 rg BT 322.10 136.05 Td (of ) Tj ET Q q 0 0 0 rg BT 331.84 136.05 Td (such ) Tj ET Q q 0 0 0 rg BT 350.57 136.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 393.79 136.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 427.01 136.05 Td (below ) Tj ET Q q 0 0 0 rg BT 451.24 136.05 Td (required ) Tj ET Q q 0 0 0 rg BT 483.47 136.05 Td (levels. ) Tj ET Q q 0 0 0 rg BT 508.95 136.05 Td ( ) Tj ET Q q 0 0 0 rg BT 511.03 136.05 Td (This ) Tj ET Q q 0 0 0 rg BT 529.27 136.05 Td (covenant ) Tj ET Q q 0 0 0 rg BT 564.00 136.05 Td (has ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 125.25 Td (been ) Tj ET Q q 0 0 0 rg BT 91.24 125.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 130.98 125.25 Td (until ) Tj ET Q q 0 0 0 rg BT 149.73 125.25 Td (June ) Tj ET Q q 0 0 0 rg BT 168.48 125.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 181.98 125.25 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 97.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 72 96.45029296874998 m 146.935546875 96.45029296874998 l s q 0 0 0 rg BT 72.00 97.65 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 110.72 97.65 Td ( ) Tj ET Q q 0 0 0 rg BT 113.44 97.65 Td (Liquidity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.94 97.65 Td (: ) Tj ET Q q 0 0 0 rg BT 151.96 97.65 Td (The ) Tj ET Q q 0 0 0 rg BT 168.66 97.65 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 210.86 97.65 Td (minimum ) Tj ET Q q 0 0 0 rg BT 248.57 97.65 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 281.79 97.65 Td (requirement ) Tj ET Q q 0 0 0 rg BT 327.99 97.65 Td (for ) Tj ET Q q 0 0 0 rg BT 341.20 97.65 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 97.65 Td (group ) Tj ET Q q 0 0 0 rg BT 378.62 97.65 Td (to ) Tj ET Q q 0 0 0 rg BT 388.34 97.65 Td (maintain ) Tj ET Q q 0 0 0 rg BT 422.54 97.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.25 97.65 Td (and ) Tj ET Q q 0 0 0 rg BT 456.96 97.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 475.67 97.65 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 519.37 97.65 Td (of ) Tj ET Q q 0 0 0 rg BT 529.59 97.65 Td (at ) Tj ET Q q 0 0 0 rg BT 538.80 97.65 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.01 97.65 Td ($150 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 86.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.00 86.85 Td ( ) Tj ET Q q 0 0 0 rg BT 100.25 86.85 Td (has ) Tj ET Q q 0 0 0 rg BT 114.50 86.85 Td (been ) Tj ET Q q 0 0 0 rg BT 133.74 86.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 169.97 86.85 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.22 86.85 Td ($250 ) Tj ET Q q 0 0 0 rg BT 199.47 86.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.47 86.85 Td (.) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Additional ) Tj ET Q q 0 0 0 rg BT 76.75 749.80 Td (undertakings:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 736.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 72 734.80029296875 m 128.7578125 734.80029296875 l s q 0 0 0 rg BT 72.00 736.00 Td (Further ) Tj ET Q q 0 0 0 rg BT 101.77 736.00 Td (process) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.76 736.00 Td (: ) Tj ET Q q 0 0 0 rg BT 134.53 736.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 165.80 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 182.06 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 196.33 736.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.60 736.00 Td (has ) Tj ET Q q 0 0 0 rg BT 249.87 736.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 277.12 736.00 Td (to ) Tj ET Q q 0 0 0 rg BT 287.39 736.00 Td (consultation, ) Tj ET Q q 0 0 0 rg BT 336.91 736.00 Td (information ) Tj ET Q q 0 0 0 rg BT 382.67 736.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 419.94 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 436.21 736.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.96 736.00 Td (processes ) Tj ET Q q 0 0 0 rg BT 501.73 736.00 Td (in ) Tj ET Q q 0 0 0 rg BT 512.00 736.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 540.75 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 551.52 736.00 Td (further ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 725.20 Td (discussions ) Tj ET Q q 0 0 0 rg BT 115.26 725.20 Td (with ) Tj ET Q q 0 0 0 rg BT 133.51 725.20 Td (its ) Tj ET Q q 0 0 0 rg BT 144.26 725.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 172.50 725.20 Td (under ) Tj ET Q q 0 0 0 rg BT 195.24 725.20 Td (its ) Tj ET Q q 0 0 0 rg BT 205.99 725.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 230.24 725.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 259.97 725.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 282.71 725.20 Td (facilities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 711.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 72 710.20029296875 m 159.35791015625 710.20029296875 l s q 0 0 0 rg BT 72.00 711.40 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 112.87 711.40 Td (undertakings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.36 711.40 Td (: ) Tj ET Q q 0 0 0 rg BT 163.74 711.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 193.61 711.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.49 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.36 711.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.24 711.40 Td (has ) Tj ET Q q 0 0 0 rg BT 272.12 711.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 297.98 711.40 Td (to ) Tj ET Q q 0 0 0 rg BT 306.86 711.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 344.73 711.40 Td (near) Tj ET Q q 0 0 0 rg BT 360.03 711.40 Td (-term ) Tj ET Q q 0 0 0 rg BT 381.40 711.40 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 419.27 711.40 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 467.64 711.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 506.50 711.40 Td (during ) Tj ET Q q 0 0 0 rg BT 531.87 711.40 Td (this ) Tj ET Q q 0 0 0 rg BT 546.76 711.40 Td (process, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 700.60 Td (including ) Tj ET Q q 0 0 0 rg BT 108.25 700.60 Td (\(without ) Tj ET Q q 0 0 0 rg BT 140.99 700.60 Td (limitation\) ) Tj ET Q q 0 0 0 rg BT 181.24 700.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 221.99 700.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.24 700.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 258.97 700.60 Td (of:) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 684.86 cm /I36 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 686.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 147.50 686.80 Td (share ) Tj ET Q q 0 0 0 rg BT 168.74 686.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 194.97 686.80 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 239.70 686.80 Td (and ) Tj ET Q q 0 0 0 rg BT 254.94 686.80 Td (total ) Tj ET Q q 0 0 0 rg BT 273.19 686.80 Td (return ) Tj ET Q q 0 0 0 rg BT 296.93 686.80 Td (swaps;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 671.06 cm /I37 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 673.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 153.25 673.00 Td (in, ) Tj ET Q q 0 0 0 rg BT 164.75 673.00 Td (extensions ) Tj ET Q q 0 0 0 rg BT 204.99 673.00 Td (of ) Tj ET Q q 0 0 0 rg BT 214.74 673.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 237.48 673.00 Td (to ) Tj ET Q q 0 0 0 rg BT 246.73 673.00 Td (or ) Tj ET Q q 0 0 0 rg BT 256.47 673.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.72 673.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 305.97 673.00 Td (of ) Tj ET Q q 0 0 0 rg BT 315.72 673.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.45 673.00 Td (support ) Tj ET Q q 0 0 0 rg BT 378.70 673.00 Td (for ) Tj ET Q q 0 0 0 rg BT 391.44 673.00 Td (non-wholly ) Tj ET Q q 0 0 0 rg BT 435.19 673.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 461.43 673.00 Td (subsidiaries;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 657.26 cm /I38 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 659.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 153.25 659.20 Td (in, ) Tj ET Q q 0 0 0 rg BT 164.75 659.20 Td (extensions ) Tj ET Q q 0 0 0 rg BT 204.99 659.20 Td (of ) Tj ET Q q 0 0 0 rg BT 214.74 659.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 237.48 659.20 Td (to ) Tj ET Q q 0 0 0 rg BT 246.73 659.20 Td (or ) Tj ET Q q 0 0 0 rg BT 256.47 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.72 659.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 305.97 659.20 Td (of ) Tj ET Q q 0 0 0 rg BT 315.72 659.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.45 659.20 Td (support ) Tj ET Q q 0 0 0 rg BT 378.70 659.20 Td (for ) Tj ET Q q 0 0 0 rg BT 391.44 659.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 410.19 659.20 Td (ventures ) Tj ET Q q 0 0 0 rg BT 442.93 659.20 Td (or ) Tj ET Q q 0 0 0 rg BT 452.68 659.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 491.92 659.20 Td (entities;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 643.46 cm /I39 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 645.40 Td (acquisitions;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 629.66 cm /I40 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 631.60 Td (dispositions;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 615.86 cm /I41 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 617.80 Td (prepayment, ) Tj ET Q q 0 0 0 rg BT 154.98 617.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 195.21 617.80 Td (or ) Tj ET Q q 0 0 0 rg BT 204.96 617.80 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 246.19 617.80 Td (of ) Tj ET Q q 0 0 0 rg BT 255.93 617.80 Td (any ) Tj ET Q q 0 0 0 rg BT 271.18 617.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 288.92 617.80 Td (obligations;) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 602.06 cm /I42 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 604.00 Td (granting ) Tj ET Q q 0 0 0 rg BT 140.24 604.00 Td (security; ) Tj ET Q q 0 0 0 rg BT 173.48 604.00 Td (and) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 588.26 cm /I43 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 590.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 144.74 590.20 Td (in ) Tj ET Q q 0 0 0 rg BT 153.99 590.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 181.73 590.20 Td (of ) Tj ET Q q 0 0 0 rg BT 191.47 590.20 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 227.22 590.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 255.97 590.20 Td (units,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 576.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 576.40 Td (in ) Tj ET Q q 0 0 0 rg BT 81.25 576.40 Td (each ) Tj ET Q q 0 0 0 rg BT 99.98 576.40 Td (case, ) Tj ET Q q 0 0 0 rg BT 119.97 576.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.71 576.40 Td (to ) Tj ET Q q 0 0 0 rg BT 156.96 576.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 184.71 576.40 Td (exceptions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 548.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 548.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 94.74 548.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 125.98 548.80 Td (and ) Tj ET Q q 0 0 0 rg BT 141.22 548.80 Td (provisions:) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 533.06 cm /I44 Do Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 533.80029296875 m 184.2197265625 533.80029296875 l s q 0 0 0 rg BT 108.00 535.00 Td (Undrawn ) Tj ET Q q 0 0 0 rg BT 143.73 535.00 Td (availability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.22 535.00 Td (: ) Tj ET Q q 0 0 0 rg BT 188.96 535.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 219.20 535.00 Td (and ) Tj ET Q q 0 0 0 rg BT 234.43 535.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.67 535.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.91 535.00 Td (has ) Tj ET Q q 0 0 0 rg BT 299.15 535.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 325.37 535.00 Td (to ) Tj ET Q q 0 0 0 rg BT 334.62 535.00 Td (refrain ) Tj ET Q q 0 0 0 rg BT 360.84 535.00 Td (from ) Tj ET Q q 0 0 0 rg BT 380.58 535.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 420.31 535.00 Td (any ) Tj ET Q q 0 0 0 rg BT 435.55 535.00 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 469.28 535.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 520.52 535.00 Td (under ) Tj ET Q q 0 0 0 rg BT 543.25 535.00 Td (its ) Tj ET Q q 0 0 0 rg BT 554.00 535.00 Td (senior ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.00 524.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 137.73 524.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 160.47 524.20 Td (facilities.) Tj ET Q BT /F1 9.00 Tf ET /GS0 gs q 18.00 0 0 9.18 90.00 508.46 cm /I45 Do Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 509.20029296875 m 124.4970703125 509.20029296875 l s q 0 0 0 rg BT 108.00 510.40 Td (Fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.50 510.40 Td (: ) Tj ET Q q 0 0 0 rg BT 129.08 510.40 Td (The ) Tj ET Q q 0 0 0 rg BT 145.33 510.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.58 510.40 Td (has ) Tj ET Q q 0 0 0 rg BT 196.82 510.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 223.05 510.40 Td (to ) Tj ET Q q 0 0 0 rg BT 232.30 510.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 247.55 510.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 274.28 510.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 291.02 510.40 Td (to ) Tj ET Q q 0 0 0 rg BT 300.27 510.40 Td (its ) Tj ET Q q 0 0 0 rg BT 311.02 510.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 339.26 510.40 Td (in ) Tj ET Q q 0 0 0 rg BT 348.51 510.40 Td (consideration ) Tj ET Q q 0 0 0 rg BT 399.25 510.40 Td (of ) Tj ET Q q 0 0 0 rg BT 408.99 510.40 Td (these ) Tj ET Q q 0 0 0 rg BT 429.74 510.40 Td (extensions ) Tj ET Q q 0 0 0 rg BT 469.98 510.40 Td (and ) Tj ET Q q 0 0 0 rg BT 485.23 510.40 Td (amendments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 482.80 Td (These ) Tj ET Q q 0 0 0 rg BT 60.20 482.80 Td (extensions ) Tj ET Q q 0 0 0 rg BT 100.91 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 116.61 482.80 Td (amendments ) Tj ET Q q 0 0 0 rg BT 164.81 482.80 Td (are ) Tj ET Q q 0 0 0 rg BT 178.51 482.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 213.21 482.80 Td (to ) Tj ET Q q 0 0 0 rg BT 222.93 482.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 253.13 482.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 283.83 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 299.54 482.80 Td (the ) Tj ET Q q 0 0 0 rg BT 313.25 482.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.96 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 366.66 482.80 Td (the ) Tj ET Q q 0 0 0 rg BT 380.37 482.80 Td (banking ) Tj ET Q q 0 0 0 rg BT 412.08 482.80 Td (group ) Tj ET Q q 0 0 0 rg BT 435.78 482.80 Td (with ) Tj ET Q q 0 0 0 rg BT 454.50 482.80 Td (a ) Tj ET Q q 0 0 0 rg BT 461.20 482.80 Td (period ) Tj ET Q q 0 0 0 rg BT 486.91 482.80 Td (of ) Tj ET Q q 0 0 0 rg BT 497.11 482.80 Td (stability ) Tj ET Q q 0 0 0 rg BT 528.82 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 544.53 482.80 Td (certainty ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.00 Td (while ) Tj ET Q q 0 0 0 rg BT 58.25 472.00 Td (a ) Tj ET Q q 0 0 0 rg BT 64.49 472.00 Td (more ) Tj ET Q q 0 0 0 rg BT 85.23 472.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 141.96 472.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 178.20 472.00 Td (package ) Tj ET Q q 0 0 0 rg BT 209.93 472.00 Td (is ) Tj ET Q q 0 0 0 rg BT 218.18 472.00 Td (agreed. ) Tj ET Q q 0 0 0 rg BT 246.66 472.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 276.90 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 292.15 472.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.39 472.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.64 472.00 Td (intends ) Tj ET Q q 0 0 0 rg BT 370.89 472.00 Td (to ) Tj ET Q q 0 0 0 rg BT 380.14 472.00 Td (further ) Tj ET Q q 0 0 0 rg BT 406.88 472.00 Td (communicate ) Tj ET Q q 0 0 0 rg BT 457.61 472.00 Td (these ) Tj ET Q q 0 0 0 rg BT 478.35 472.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 514.59 472.00 Td (plans ) Tj ET Q q 0 0 0 rg BT 535.83 472.00 Td (this ) Tj ET Q q 0 0 0 rg BT 551.09 472.00 Td (year) Tj ET Q q 0 0 0 rg BT 566.08 472.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 444.40 Td (For ) Tj ET Q q 0 0 0 rg BT 50.54 444.40 Td (the ) Tj ET Q q 0 0 0 rg BT 63.58 444.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 97.61 444.40 Td (of ) Tj ET Q q 0 0 0 rg BT 107.15 444.40 Td (the ) Tj ET Q q 0 0 0 rg BT 120.19 444.40 Td (above ) Tj ET Q q 0 0 0 rg BT 143.72 444.40 Td (tests, ) Tj ET Q q 0 0 0 rg BT 164.01 444.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 196.50 444.40 Td ( ) Tj ET Q q 0 0 0 rg BT 198.54 444.40 Td (is ) Tj ET Q q 0 0 0 rg BT 206.59 444.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 235.61 444.40 Td (as ) Tj ET Q q 0 0 0 rg BT 245.15 444.40 Td (the ) Tj ET Q q 0 0 0 rg BT 258.19 444.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 290.72 444.40 Td (before ) Tj ET Q q 0 0 0 rg BT 315.74 444.40 Td (interest, ) Tj ET Q q 0 0 0 rg BT 346.52 444.40 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 369.30 444.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 415.82 444.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.85 444.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 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(such ) Tj ET Q q 0 0 0 rg BT 405.05 433.60 Td (term ) Tj ET Q q 0 0 0 rg BT 424.63 433.60 Td (is ) Tj ET Q q 0 0 0 rg BT 433.71 433.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 463.79 433.60 Td (in ) Tj ET Q q 0 0 0 rg BT 473.87 433.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 517.42 433.60 Td (with ) Tj ET Q q 0 0 0 rg BT 536.51 433.60 Td (accounting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 422.80 Td (principles ) Tj ET Q q 0 0 0 rg BT 73.34 422.80 Td (consistently ) Tj ET Q q 0 0 0 rg BT 118.18 422.80 Td (applied. ) Tj ET Q q 0 0 0 rg BT 148.77 422.80 Td (However) Tj ET Q q 0 0 0 rg BT 181.40 422.80 Td (, ) Tj ET Q q 0 0 0 rg BT 185.49 422.80 Td (in ) Tj ET Q q 0 0 0 rg BT 194.34 422.80 Td (the ) Tj ET Q q 0 0 0 rg BT 207.19 422.80 Td (event ) Tj ET Q q 0 0 0 rg BT 228.52 422.80 Td (that ) Tj ET Q q 0 0 0 rg BT 243.87 422.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 273.71 422.80 Td (or ) Tj ET Q q 0 0 0 rg BT 283.05 422.80 Td (a ) Tj ET Q q 0 0 0 rg BT 288.90 422.80 Td (member ) Tj ET Q q 0 0 0 rg BT 320.23 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 329.58 422.80 Td (the ) Tj ET Q q 0 0 0 rg BT 342.42 422.80 Td (group ) Tj ET Q q 0 0 0 rg BT 365.27 422.80 Td (acquires ) Tj ET Q q 0 0 0 rg BT 397.10 422.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 412.45 422.80 Td (or ) Tj ET Q q 0 0 0 rg BT 421.79 422.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 433.64 422.80 Td (owning ) Tj ET Q q 0 0 0 rg BT 462.49 422.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 490.33 422.80 Td (with ) Tj ET Q q 0 0 0 rg BT 508.18 422.80 Td (historical ) Tj ET Q q 0 0 0 rg BT 543.51 422.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 576.01 422.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 412.00 Td (available ) Tj ET Q q 0 0 0 rg BT 70.93 412.00 Td (for ) Tj ET Q q 0 0 0 rg BT 83.87 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.32 412.00 Td (rigs' ) Tj ET Q q 0 0 0 rg BT 114.89 412.00 Td (previous ) Tj ET Q q 0 0 0 rg BT 148.34 412.00 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 190.53 412.00 Td (such ) Tj ET Q q 0 0 0 rg BT 209.48 412.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 241.98 412.00 Td ( ) Tj ET Q q 0 0 0 rg BT 244.43 412.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 263.87 412.00 Td (be ) Tj ET Q q 0 0 0 rg BT 274.82 412.00 Td (included ) Tj ET Q q 0 0 0 rg BT 308.26 412.00 Td (for ) Tj ET Q q 0 0 0 rg BT 321.20 412.00 Td (covenant ) Tj ET Q q 0 0 0 rg BT 356.14 412.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 390.58 412.00 Td (in ) Tj ET Q q 0 0 0 rg BT 400.04 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 413.48 412.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 444.91 412.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 462.86 412.00 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 505.04 412.00 Td (and ) Tj ET Q q 0 0 0 rg BT 520.48 412.00 Td (if ) Tj ET Q q 0 0 0 rg BT 528.43 412.00 Td (necessary) Tj ET Q q 0 0 0 rg BT 562.82 412.00 Td (, ) Tj ET Q q 0 0 0 rg BT 567.52 412.00 Td (be ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 401.20 Td (annualized ) Tj ET Q q 0 0 0 rg BT 76.58 401.20 Td (to ) Tj ET Q q 0 0 0 rg BT 85.18 401.20 Td (represent ) Tj ET Q q 0 0 0 rg BT 119.75 401.20 Td (a ) Tj ET Q q 0 0 0 rg BT 125.35 401.20 Td (twelve ) Tj ET Q q 0 0 0 rg BT 150.93 401.20 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 167.53 401.20 Td (month ) Tj ET Q q 0 0 0 rg BT 192.12 401.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 227.21 401.20 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 264.05 401.20 Td (In ) Tj ET Q q 0 0 0 rg BT 273.15 401.20 Td (the ) Tj ET Q q 0 0 0 rg BT 285.74 401.20 Td (event ) Tj ET Q q 0 0 0 rg BT 306.83 401.20 Td (that ) Tj ET Q q 0 0 0 rg BT 321.92 401.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 351.51 401.20 Td (or ) Tj ET Q q 0 0 0 rg BT 360.61 401.20 Td (a ) Tj ET Q q 0 0 0 rg BT 366.20 401.20 Td (member ) Tj ET Q q 0 0 0 rg BT 397.29 401.20 Td (of ) Tj ET Q q 0 0 0 rg BT 406.38 401.20 Td (the ) Tj ET Q q 0 0 0 rg BT 418.97 401.20 Td (group ) Tj ET Q q 0 0 0 rg BT 441.57 401.20 Td (acquires ) Tj ET Q q 0 0 0 rg BT 473.15 401.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 488.25 401.20 Td (or ) Tj ET Q q 0 0 0 rg BT 497.34 401.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 508.94 401.20 Td (owning ) Tj ET Q q 0 0 0 rg BT 537.53 401.20 Td (companies ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 390.40 Td (without ) Tj ET Q q 0 0 0 rg BT 65.17 390.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 100.33 390.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 132.83 390.40 Td ( ) Tj ET Q q 0 0 0 rg BT 134.50 390.40 Td (available, ) Tj ET Q q 0 0 0 rg BT 170.90 390.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 200.56 390.40 Td (is ) Tj ET Q q 0 0 0 rg BT 208.23 390.40 Td (entitled ) Tj ET Q q 0 0 0 rg BT 236.90 390.40 Td (to ) Tj ET Q q 0 0 0 rg BT 245.57 390.40 Td (base ) Tj ET Q q 0 0 0 rg BT 263.23 390.40 Td (a ) Tj ET Q q 0 0 0 rg BT 268.89 390.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 294.55 390.40 Td (month ) Tj ET Q q 0 0 0 rg BT 319.22 390.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 354.38 390.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 386.88 390.40 Td ( ) Tj ET Q q 0 0 0 rg BT 388.55 390.40 Td (calculation ) Tj ET Q q 0 0 0 rg BT 429.70 390.40 Td (on ) Tj ET Q q 0 0 0 rg BT 440.37 390.40 Td (future ) Tj ET Q q 0 0 0 rg BT 463.53 390.40 Td (projected ) Tj ET Q q 0 0 0 rg BT 498.68 390.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 531.18 390.40 Td ( ) Tj ET Q q 0 0 0 rg BT 532.85 390.40 Td (only ) Tj ET Q q 0 0 0 rg BT 550.52 390.40 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 379.60 Td (to ) Tj ET Q q 0 0 0 rg BT 45.39 379.60 Td (any ) Tj ET Q q 0 0 0 rg BT 60.77 379.60 Td (such ) Tj ET Q q 0 0 0 rg BT 79.66 379.60 Td (new ) Tj ET Q q 0 0 0 rg BT 97.04 379.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 109.43 379.60 Td (having ) Tj ET Q q 0 0 0 rg BT 136.32 379.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 147.20 379.60 Td (a ) Tj ET Q q 0 0 0 rg BT 153.59 379.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 171.47 379.60 Td (charter ) Tj ET Q q 0 0 0 rg BT 198.84 379.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 230.21 379.60 Td (in ) Tj ET Q q 0 0 0 rg BT 239.60 379.60 Td (place ) Tj ET Q q 0 0 0 rg BT 260.97 379.60 Td (at ) Tj ET Q q 0 0 0 rg BT 269.86 379.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.24 379.60 Td (time ) Tj ET Q q 0 0 0 rg BT 301.63 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 311.52 379.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 343.39 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.28 379.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.66 379.60 Td (rig, ) Tj ET Q q 0 0 0 rg BT 381.30 379.60 Td (with ) Tj ET Q q 0 0 0 rg BT 399.69 379.60 Td (a ) Tj ET Q q 0 0 0 rg BT 406.08 379.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 443.47 379.60 Td (duration ) Tj ET Q q 0 0 0 rg BT 475.85 379.60 Td (of ) Tj ET Q q 0 0 0 rg BT 485.74 379.60 Td (twelve ) Tj ET Q q 0 0 0 rg BT 512.12 379.60 Td (months, ) Tj ET Q q 0 0 0 rg BT 543.26 379.60 Td (and ) Tj ET Q q 0 0 0 rg BT 558.64 379.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 572.03 379.60 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 368.80 Td (firm ) Tj ET Q q 0 0 0 rg BT 53.97 368.80 Td (charter ) Tj ET Q q 0 0 0 rg BT 81.43 368.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 112.89 368.80 Td (in ) Tj ET Q q 0 0 0 rg BT 122.36 368.80 Td (place ) Tj ET Q q 0 0 0 rg BT 143.82 368.80 Td (at ) Tj ET Q q 0 0 0 rg BT 152.79 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.27 368.80 Td (time ) Tj ET Q q 0 0 0 rg BT 184.74 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 194.71 368.80 Td (such ) Tj ET Q q 0 0 0 rg BT 213.69 368.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 246.18 368.80 Td ( ) Tj ET Q q 0 0 0 rg BT 248.66 368.80 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 292.87 368.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 327.34 368.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 357.81 368.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 391.28 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 404.75 368.80 Td (agent ) Tj ET Q q 0 0 0 rg BT 426.72 368.80 Td (bank ) Tj ET Q q 0 0 0 rg BT 446.69 368.80 Td (with ) Tj ET Q q 0 0 0 rg BT 465.16 368.80 Td (a ) Tj ET Q q 0 0 0 rg BT 471.63 368.80 Td (detailed ) Tj ET Q q 0 0 0 rg BT 502.60 368.80 Td (calculation ) Tj ET Q q 0 0 0 rg BT 544.55 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 554.53 368.80 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 358.00 Td (projected ) Tj ET Q q 0 0 0 rg BT 72.21 358.00 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 110.18 358.00 Td (Further) Tj ET Q q 0 0 0 rg BT 136.32 358.00 Td (, ) Tj ET Q q 0 0 0 rg BT 141.30 358.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 173.79 358.00 Td ( ) Tj ET Q q 0 0 0 rg BT 176.52 358.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 196.25 358.00 Td (include ) Tj ET Q q 0 0 0 rg BT 225.47 358.00 Td (any ) Tj ET Q q 0 0 0 rg BT 241.19 358.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 272.40 358.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 294.13 358.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 319.85 358.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 344.08 358.00 Td (in ) Tj ET Q q 0 0 0 rg BT 353.81 358.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 382.02 358.00 Td (of ) Tj ET Q q 0 0 0 rg BT 392.25 358.00 Td (the ) Tj ET Q q 0 0 0 rg BT 405.97 358.00 Td (disposal ) Tj ET Q q 0 0 0 rg BT 438.20 358.00 Td (of ) Tj ET Q q 0 0 0 rg BT 448.43 358.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 464.66 358.00 Td (or ) Tj ET Q q 0 0 0 rg BT 474.88 358.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.61 358.00 Td (disposal ) Tj ET Q q 0 0 0 rg BT 520.84 358.00 Td (of ) Tj ET Q q 0 0 0 rg BT 531.06 358.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 556.28 358.00 Td (in ) Tj ET Q q 0 0 0 rg BT 566.01 358.00 Td (rig ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 347.20 Td (owning ) Tj ET Q q 0 0 0 rg BT 65.25 347.20 Td (companies.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 56.51 319.60 Td (distributions ) Tj ET Q q 0 0 0 rg BT 104.02 319.60 Td (from ) Tj ET Q q 0 0 0 rg BT 124.02 319.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 169.52 319.60 Td (are ) Tj ET Q q 0 0 0 rg BT 183.01 319.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 212.50 319.60 Td (as ) Tj ET Q q 0 0 0 rg BT 222.51 319.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.00 319.60 Td (received ) Tj ET Q q 0 0 0 rg BT 273.99 319.60 Td (by ) Tj ET Q q 0 0 0 rg BT 285.49 319.60 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 318.24 319.60 Td (by ) Tj ET Q q 0 0 0 rg BT 329.75 319.60 Td (way ) Tj ET Q q 0 0 0 rg BT 347.25 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.25 319.60 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 397.00 319.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.51 319.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 434.50 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 444.50 319.60 Td (its ) Tj ET Q q 0 0 0 rg BT 455.51 319.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 495.51 319.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 528.01 319.60 Td (in ) Tj ET Q q 0 0 0 rg BT 537.52 319.60 Td (companies ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 308.80 Td (which ) Tj ET Q q 0 0 0 rg BT 60.24 308.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 90.49 308.80 Td (does ) Tj ET Q q 0 0 0 rg BT 109.23 308.80 Td (not ) Tj ET Q q 0 0 0 rg BT 122.99 308.80 Td (control ) Tj ET Q q 0 0 0 rg BT 150.73 308.80 Td (but ) Tj ET Q q 0 0 0 rg BT 164.48 308.80 Td (over ) Tj ET Q q 0 0 0 rg BT 182.72 308.80 Td (which ) Tj ET Q q 0 0 0 rg BT 206.96 308.80 Td (it ) Tj ET Q q 0 0 0 rg BT 214.22 308.80 Td (exerts ) Tj ET Q q 0 0 0 rg BT 237.96 308.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 278.20 308.80 Td (influence. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 52.25 281.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.98 281.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 108.22 281.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.46 281.20 Td (bonds ) Tj ET Q q 0 0 0 rg BT 147.22 281.20 Td (contain ) Tj ET Q q 0 0 0 rg BT 175.96 281.20 Td (customary ) Tj ET Q q 0 0 0 rg BT 215.70 281.20 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 253.93 281.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 292.17 281.20 Td (which ) Tj ET Q q 0 0 0 rg BT 316.41 281.20 Td (that ) Tj ET Q q 0 0 0 rg BT 332.16 281.20 Td (limit, ) Tj ET Q q 0 0 0 rg BT 353.66 281.20 Td (among ) Tj ET Q q 0 0 0 rg BT 380.40 281.20 Td (other ) Tj ET Q q 0 0 0 rg BT 401.15 281.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 427.65 281.20 Td (our ) Tj ET Q q 0 0 0 rg BT 441.90 281.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 467.14 281.20 Td (to:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 267.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 267.40 Td (incur ) Tj ET Q q 0 0 0 rg BT 92.74 267.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.98 267.40 Td (indebtedness;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 253.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 253.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 86.75 253.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.99 253.60 Td (mortgaged ) Tj ET Q q 0 0 0 rg BT 140.73 253.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 169.48 253.60 Td (rig, ) Tj ET Q q 0 0 0 rg BT 183.98 253.60 Td (if ) Tj ET Q q 0 0 0 rg BT 191.72 253.60 Td (applicable;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 239.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 239.80 Td (make ) Tj ET Q q 0 0 0 rg BT 93.74 239.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 131.98 239.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 177.23 239.80 Td (or ) Tj ET Q q 0 0 0 rg BT 186.97 239.80 Td (acquisitions;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 226.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 226.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 87.24 226.00 Td (dividends; ) Tj ET Q q 0 0 0 rg BT 126.99 226.00 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 212.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 212.20 Td (ef) Tj ET Q q 0 0 0 rg BT 78.83 212.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 94.57 212.20 Td (a ) Tj ET Q q 0 0 0 rg BT 100.81 212.20 Td (change ) Tj ET Q q 0 0 0 rg BT 128.54 212.20 Td (of ) Tj ET Q q 0 0 0 rg BT 138.29 212.20 Td (control ) Tj ET Q q 0 0 0 rg BT 166.03 212.20 Td (in ) Tj ET Q q 0 0 0 rg BT 175.28 212.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.53 212.20 Td (Company) Tj ET Q q 0 0 0 rg BT 222.94 212.20 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 184.60 Td (A) Tj ET Q q 0 0 0 rg BT 42.00 184.60 Td ( ) Tj ET Q q 0 0 0 rg BT 43.47 184.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 68.42 184.60 Td (to ) Tj ET Q q 0 0 0 rg BT 76.89 184.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 105.35 184.60 Td (with ) Tj ET Q q 0 0 0 rg BT 122.81 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.27 184.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 172.73 184.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.19 184.60 Td (our ) Tj ET Q q 0 0 0 rg BT 194.66 184.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 211.62 184.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 254.06 184.60 Td (could ) Tj ET Q q 0 0 0 rg BT 275.52 184.60 Td (result ) Tj ET Q q 0 0 0 rg BT 296.98 184.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.45 184.60 Td (a ) Tj ET Q q 0 0 0 rg BT 310.91 184.60 Td (default ) Tj ET Q q 0 0 0 rg BT 337.36 184.60 Td (under ) Tj ET Q q 0 0 0 rg BT 359.32 184.60 Td (those ) Tj ET Q q 0 0 0 rg BT 379.78 184.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 422.23 184.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.69 184.60 Td (under ) Tj ET Q q 0 0 0 rg BT 458.65 184.60 Td (other ) Tj ET Q q 0 0 0 rg BT 478.60 184.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 495.57 184.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 538.01 184.60 Td (containing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.80 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 88.23 173.80 Td (provisions.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 146.20 Td (Our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.25 146.20 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 79.25 146.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.25 146.20 Td ( ) Tj ET Q q 0 0 0 rg BT 107.50 146.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 131.74 146.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 161.48 146.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.21 146.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 211.95 146.20 Td (is ) Tj ET Q q 0 0 0 rg BT 220.21 146.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 249.94 146.20 Td (by:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 132.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 132.40 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 111.23 132.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 145.47 132.40 Td (by ) Tj ET Q q 0 0 0 rg BT 156.72 132.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 186.96 132.40 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 118.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 118.60 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 114.73 118.60 Td (from ) Tj ET Q q 0 0 0 rg BT 134.47 118.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 118.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 176.47 118.60 Td (rig ) Tj ET Q q 0 0 0 rg BT 188.71 118.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 217.96 118.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 262.71 118.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.95 118.60 Td (intra-group ) Tj ET Q q 0 0 0 rg BT 320.69 118.60 Td (charterers ) Tj ET Q q 0 0 0 rg BT 358.41 118.60 Td (\(guarantors\);) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 104.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 104.80 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 104.80 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 104.80 Td (first ) Tj ET Q q 0 0 0 rg BT 97.00 104.80 Td (priority ) Tj ET Q q 0 0 0 rg BT 126.25 104.80 Td (share ) Tj ET Q q 0 0 0 rg BT 147.48 104.80 Td (char) Tj ET Q q 0 0 0 rg BT 162.81 104.80 Td (ge ) Tj ET Q q 0 0 0 rg BT 173.55 104.80 Td (over ) Tj ET Q q 0 0 0 rg BT 191.79 104.80 Td (all ) Tj ET Q q 0 0 0 rg BT 203.04 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 212.79 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 226.03 104.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 250.77 104.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 275.52 104.80 Td (by ) Tj ET Q q 0 0 0 rg BT 286.77 104.80 Td (each ) Tj ET Q q 0 0 0 rg BT 305.51 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 315.25 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 328.50 104.80 Td (guarantors;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 91.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 91.00 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 91.00 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 91.00 Td (first ) Tj ET Q q 0 0 0 rg BT 97.00 91.00 Td (priority ) Tj ET Q q 0 0 0 rg BT 126.25 91.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 162.48 91.00 Td (in ) Tj ET Q q 0 0 0 rg BT 171.73 91.00 Td (all ) Tj ET Q q 0 0 0 rg BT 182.98 91.00 Td (collateral ) Tj ET Q q 0 0 0 rg BT 218.71 91.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 247.46 91.00 Td (units ) Tj ET Q q 0 0 0 rg BT 267.21 91.00 Td (and ) Tj ET Q q 0 0 0 rg BT 282.45 91.00 Td (any ) Tj ET Q q 0 0 0 rg BT 297.70 91.00 Td (deed ) Tj ET Q q 0 0 0 rg BT 316.94 91.00 Td (of ) Tj ET Q q 0 0 0 rg BT 326.69 91.00 Td (covenant ) Tj ET Q q 0 0 0 rg BT 361.42 91.00 Td (or ) Tj ET Q q 0 0 0 rg BT 371.17 91.00 Td (general ) Tj ET Q q 0 0 0 rg BT 399.90 91.00 Td (assignment ) Tj ET Q q 0 0 0 rg BT 442.64 91.00 Td (thereto;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 77.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 77.20 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 77.20 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 77.20 Td (first ) Tj ET Q q 0 0 0 rg BT 97.00 77.20 Td (priority ) Tj ET Q q 0 0 0 rg BT 126.25 77.20 Td (assignment ) Tj ET Q q 0 0 0 rg BT 168.99 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 178.74 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 191.98 77.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 224.72 77.20 Td (which ) Tj ET Q q 0 0 0 rg BT 248.97 77.20 Td (arise ) Tj ET Q q 0 0 0 rg BT 268.21 77.20 Td (out ) Tj ET Q q 0 0 0 rg BT 281.96 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 291.70 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 304.95 77.20 Td (use ) Tj ET Q q 0 0 0 rg BT 319.20 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 328.94 77.20 Td (or ) Tj ET Q q 0 0 0 rg BT 338.69 77.20 Td (operation ) Tj ET Q q 0 0 0 rg BT 374.93 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 384.68 77.20 Td (any ) Tj ET Q q 0 0 0 rg BT 399.92 77.20 Td (of ) Tj ET Q q 0 0 0 rg BT 409.67 77.20 Td (the ) Tj ET Q q 0 0 0 rg BT 422.91 77.20 Td (collateral ) Tj ET Q q 0 0 0 rg BT 458.64 77.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 487.39 77.20 Td (units;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 63.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 63.40 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 63.40 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 63.40 Td (first ) Tj ET Q q 0 0 0 rg BT 97.00 63.40 Td (priority ) Tj ET Q q 0 0 0 rg BT 126.25 63.40 Td (assignment ) Tj ET Q q 0 0 0 rg BT 168.99 63.40 Td (of ) Tj ET Q q 0 0 0 rg BT 178.74 63.40 Td (the ) Tj ET Q q 0 0 0 rg BT 191.98 63.40 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 225.22 63.40 Td (charter ) Tj ET Q q 0 0 0 rg BT 252.44 63.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 287.18 63.40 Td (for ) Tj ET Q q 0 0 0 rg BT 299.92 63.40 Td (the ) Tj ET Q q 0 0 0 rg BT 313.17 63.40 Td (collateral ) Tj ET Q q 0 0 0 rg BT 348.90 63.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 377.64 63.40 Td (units;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 49.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 49.60 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 49.60 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 49.60 Td (security ) Tj ET Q q 0 0 0 rg BT 110.99 49.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.73 49.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.98 49.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.23 49.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 194.97 49.60 Td (accounts; ) Tj ET Q q 0 0 0 rg BT 231.21 49.60 Td (and) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 749.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 749.80 Td (A) Tj ET Q q 0 0 0 rg BT 78.00 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 80.25 749.80 Td (first ) Tj ET Q q 0 0 0 rg BT 97.00 749.80 Td (priority ) Tj ET Q q 0 0 0 rg BT 126.25 749.80 Td (assignment ) Tj ET Q q 0 0 0 rg BT 168.99 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 178.74 749.80 Td (all ) Tj ET Q q 0 0 0 rg BT 189.98 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 199.73 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 212.98 749.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 249.71 749.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 279.95 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 295.20 749.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 329.93 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 339.68 749.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 376.41 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 385.66 749.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 413.40 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 423.15 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 436.39 749.80 Td (collateral ) Tj ET Q q 0 0 0 rg BT 472.12 749.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 500.87 749.80 Td (units.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 722.20 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.05 722.20 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 78.85 722.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.86 722.20 Td ( ) Tj ET Q q 0 0 0 rg BT 106.91 722.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 130.96 722.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 160.50 722.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 183.04 722.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 210.59 722.20 Td (also ) Tj ET Q q 0 0 0 rg BT 227.14 722.20 Td (contains ) Tj ET Q q 0 0 0 rg BT 259.19 722.20 Td (a ) Tj ET Q q 0 0 0 rg BT 265.24 722.20 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 315.27 722.20 Td (clause, ) Tj ET Q q 0 0 0 rg BT 342.07 722.20 Td (which ) Tj ET Q q 0 0 0 rg BT 366.12 722.20 Td (could ) Tj ET Q q 0 0 0 rg BT 388.17 722.20 Td (require ) Tj ET Q q 0 0 0 rg BT 415.71 722.20 Td (the ) Tj ET Q q 0 0 0 rg BT 428.76 722.20 Td (Company) Tj ET Q q 0 0 0 rg BT 463.17 722.20 Td (, ) Tj ET Q q 0 0 0 rg BT 467.48 722.20 Td (at ) Tj ET Q q 0 0 0 rg BT 476.03 722.20 Td (its ) Tj ET Q q 0 0 0 rg BT 486.59 722.20 Td (option, ) Tj ET Q q 0 0 0 rg BT 513.89 722.20 Td (to ) Tj ET Q q 0 0 0 rg BT 522.95 722.20 Td (post ) Tj ET Q q 0 0 0 rg BT 540.01 722.20 Td (additional ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 711.40 Td (collateral ) Tj ET Q q 0 0 0 rg BT 71.87 711.40 Td (or ) Tj ET Q q 0 0 0 rg BT 81.76 711.40 Td (prepay ) Tj ET Q q 0 0 0 rg BT 108.64 711.40 Td (a ) Tj ET Q q 0 0 0 rg BT 115.03 711.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 143.42 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 153.31 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 166.70 711.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 211.09 711.40 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 254.48 711.40 Td (should ) Tj ET Q q 0 0 0 rg BT 280.87 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 294.26 711.40 Td (value ) Tj ET Q q 0 0 0 rg BT 316.15 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 326.04 711.40 Td (the ) Tj ET Q q 0 0 0 rg BT 339.42 711.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 368.32 711.40 Td (units ) Tj ET Q q 0 0 0 rg BT 388.21 711.40 Td (securing ) Tj ET Q q 0 0 0 rg BT 421.09 711.40 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 464.48 711.40 Td (under ) Tj ET Q q 0 0 0 rg BT 487.37 711.40 Td (each ) Tj ET Q q 0 0 0 rg BT 506.25 711.40 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 711.40 Td (such ) Tj ET Q q 0 0 0 rg BT 535.03 711.40 Td (agreements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 700.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 69.22 700.60 Td (below ) Tj ET Q q 0 0 0 rg BT 93.47 700.60 Td (required ) Tj ET Q q 0 0 0 rg BT 125.70 700.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 151.03 700.60 Td (The ) Tj ET Q q 0 0 0 rg BT 167.27 700.60 Td (market ) Tj ET Q q 0 0 0 rg BT 194.51 700.60 Td (value ) Tj ET Q q 0 0 0 rg BT 216.25 700.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.00 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.24 700.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 254.99 700.60 Td (must ) Tj ET Q q 0 0 0 rg BT 274.75 700.60 Td (be ) Tj ET Q q 0 0 0 rg BT 285.49 700.60 Td (at ) Tj ET Q q 0 0 0 rg BT 294.24 700.60 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.98 700.60 Td (135%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.98 700.60 Td ( ) Tj ET Q q 0 0 0 rg BT 336.23 700.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.97 700.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.22 700.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 376.96 700.60 Td (outstanding. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 673.00 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 673.00 Td (e ) Tj ET Q q 0 0 0 rg BT 50.02 673.00 Td (were ) Tj ET Q q 0 0 0 rg BT 69.75 673.00 Td (in ) Tj ET Q q 0 0 0 rg BT 79.00 673.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 122.73 673.00 Td (with ) Tj ET Q q 0 0 0 rg BT 140.99 673.00 Td (all ) Tj ET Q q 0 0 0 rg BT 152.23 673.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.96 673.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 203.71 673.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 241.95 673.00 Td (as ) Tj ET Q q 0 0 0 rg BT 251.69 673.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.44 673.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 314.17 673.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.17 673.00 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 645.40 Td (Bonds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 631.60 Td (For ) Tj ET Q q 0 0 0 rg BT 50.35 631.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.20 631.60 Td (Company) Tj ET Q q 0 0 0 rg BT 100.70 631.60 Td (s ) Tj ET Q q 0 0 0 rg BT 106.06 631.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 149.91 631.60 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.26 631.60 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 193.36 631.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.36 631.60 Td ( ) Tj ET Q q 0 0 0 rg BT 221.22 631.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 246.57 631.60 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 286.90 631.60 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 310.51 631.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.35 631.60 Td (main ) Tj ET Q q 0 0 0 rg BT 343.20 631.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.54 631.60 Td (covenant ) Tj ET Q q 0 0 0 rg BT 410.87 631.60 Td (is ) Tj ET Q q 0 0 0 rg BT 418.73 631.60 Td (for ) Tj ET Q q 0 0 0 rg BT 431.08 631.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 460.92 631.60 Td (to ) Tj ET Q q 0 0 0 rg BT 469.78 631.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 503.12 631.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.97 631.60 Td (total ) Tj ET Q q 0 0 0 rg BT 526.81 631.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 551.16 631.60 Td (to ) Tj ET Q q 0 0 0 rg BT 560.02 631.60 Td (total ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 620.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 59.25 620.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 77.99 620.80 Td (of ) Tj ET Q q 0 0 0 rg BT 87.74 620.80 Td (at ) Tj ET Q q 0 0 0 rg BT 96.48 620.80 Td (least ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.22 620.80 Td (30.0%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.47 620.80 Td (. ) Tj ET Q q 0 0 0 rg BT 142.97 620.80 Td (Both ) Tj ET Q q 0 0 0 rg BT 162.73 620.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 187.47 620.80 Td (and ) Tj ET Q q 0 0 0 rg BT 202.72 620.80 Td (total ) Tj ET Q q 0 0 0 rg BT 220.96 620.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.21 620.80 Td (are ) Tj ET Q q 0 0 0 rg BT 257.44 620.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 289.69 620.80 Td (for ) Tj ET Q q 0 0 0 rg BT 302.43 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 315.68 620.80 Td (dif) Tj ET Q q 0 0 0 rg BT 325.51 620.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 354.23 620.80 Td (between ) Tj ET Q q 0 0 0 rg BT 386.47 620.80 Td (book ) Tj ET Q q 0 0 0 rg BT 406.72 620.80 Td (value ) Tj ET Q q 0 0 0 rg BT 428.46 620.80 Td (and ) Tj ET Q q 0 0 0 rg BT 443.70 620.80 Td (market ) Tj ET Q q 0 0 0 rg BT 470.94 620.80 Td (values ) Tj ET Q q 0 0 0 rg BT 496.18 620.80 Td (of ) Tj ET Q q 0 0 0 rg BT 505.93 620.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 534.68 620.80 Td (units.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 593.20 Td (For ) Tj ET Q q 0 0 0 rg BT 51.27 593.20 Td (the ) Tj ET Q q 0 0 0 rg BT 65.04 593.20 Td (Company) Tj ET Q q 0 0 0 rg BT 102.54 593.20 Td (s ) Tj ET Q q 0 0 0 rg BT 108.81 593.20 Td (outstanding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.58 593.20 Td ($600 ) Tj ET Q q 0 0 0 rg BT 174.34 593.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.35 593.20 Td ( ) Tj ET Q q 0 0 0 rg BT 203.12 593.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 229.38 593.20 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 270.64 593.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 296.65 593.20 Td (we ) Tj ET Q q 0 0 0 rg BT 309.92 593.20 Td (are ) Tj ET Q q 0 0 0 rg BT 323.67 593.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 351.93 593.20 Td (to ) Tj ET Q q 0 0 0 rg BT 361.70 593.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.96 593.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 423.21 593.20 Td (and ) Tj ET Q q 0 0 0 rg BT 438.97 593.20 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 477.72 593.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 516.48 593.20 Td (contained ) Tj ET Q q 0 0 0 rg BT 554.23 593.20 Td (in ) Tj ET Q q 0 0 0 rg BT 564.00 593.20 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 582.40 Td (indentures ) Tj ET Q q 0 0 0 rg BT 75.86 582.40 Td (which ) Tj ET Q q 0 0 0 rg BT 100.22 582.40 Td (restrict, ) Tj ET Q q 0 0 0 rg BT 129.83 582.40 Td (among ) Tj ET Q q 0 0 0 rg BT 156.69 582.40 Td (other ) Tj ET Q q 0 0 0 rg BT 177.55 582.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 204.17 582.40 Td (our ) Tj ET Q q 0 0 0 rg BT 218.54 582.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 243.91 582.40 Td (to ) Tj ET Q q 0 0 0 rg BT 253.27 582.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 268.64 582.40 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 308.25 582.40 Td (incur ) Tj ET Q q 0 0 0 rg BT 329.12 582.40 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 380.22 582.40 Td (incur ) Tj ET Q q 0 0 0 rg BT 401.08 582.40 Td (liens, ) Tj ET Q q 0 0 0 rg BT 422.70 582.40 Td (and ) Tj ET Q q 0 0 0 rg BT 438.06 582.40 Td (make ) Tj ET Q q 0 0 0 rg BT 459.92 582.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.77 582.40 Td (investments. ) Tj ET Q q 0 0 0 rg BT 534.39 582.40 Td (In ) Tj ET Q q 0 0 0 rg BT 544.25 582.40 Td (addition, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 571.60 Td (these ) Tj ET Q q 0 0 0 rg BT 55.97 571.60 Td (indentures ) Tj ET Q q 0 0 0 rg BT 94.93 571.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 122.89 571.60 Td (other ) Tj ET Q q 0 0 0 rg BT 142.86 571.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 181.82 571.60 Td (terms, ) Tj ET Q q 0 0 0 rg BT 205.54 571.60 Td (including ) Tj ET Q q 0 0 0 rg BT 241.01 571.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 266.96 571.60 Td (events ) Tj ET Q q 0 0 0 rg BT 291.43 571.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.40 571.60 Td (default, ) Tj ET Q q 0 0 0 rg BT 329.11 571.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 348.58 571.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.05 571.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 401.99 571.60 Td (of ) Tj ET Q q 0 0 0 rg BT 410.96 571.60 Td (which, ) Tj ET Q q 0 0 0 rg BT 436.68 571.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.15 571.60 Td (bonds ) Tj ET Q q 0 0 0 rg BT 472.12 571.60 Td (may ) Tj ET Q q 0 0 0 rg BT 489.09 571.60 Td (be ) Tj ET Q q 0 0 0 rg BT 499.06 571.60 Td (declared ) Tj ET Q q 0 0 0 rg BT 531.01 571.60 Td (immediately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 560.80 Td (due ) Tj ET Q q 0 0 0 rg BT 51.24 560.80 Td (and ) Tj ET Q q 0 0 0 rg BT 66.49 560.80 Td (payable.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 96.72 560.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 36.00 533.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 80.91 533.20 Td (, ) Tj ET Q q 0 0 0 rg BT 85.97 533.20 Td (we ) Tj ET Q q 0 0 0 rg BT 99.27 533.20 Td (are ) Tj ET Q q 0 0 0 rg BT 113.06 533.20 Td (a ) Tj ET Q q 0 0 0 rg BT 119.86 533.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 160.14 533.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 203.93 533.20 Td (under ) Tj ET Q q 0 0 0 rg BT 227.23 533.20 Td (the ) Tj ET Q q 0 0 0 rg BT 241.03 533.20 Td (indenture ) Tj ET Q q 0 0 0 rg BT 277.82 533.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 308.11 533.20 Td (to ) Tj ET Q q 0 0 0 rg BT 317.92 533.20 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 348.41 533.20 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.72 533.20 Td (1,000 ) Tj ET Q q 0 0 0 rg BT 377.78 533.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.78 533.20 Td ( ) Tj ET Q q 0 0 0 rg BT 406.58 533.20 Td (5) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 411.08 537.28 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.47 533.20 Td (/) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 417.97 531.91 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.90 533.20 Td (% ) Tj ET Q q 0 0 0 rg BT 431.20 533.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 457.50 533.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 481.30 533.20 Td (due ) Tj ET Q q 0 0 0 rg BT 497.10 533.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 517.90 533.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.70 533.20 Td (500 ) Tj ET Q q 0 0 0 rg BT 550.01 533.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 522.40 Td (6) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 40.50 526.48 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 44.89 522.40 Td (/) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 47.39 521.11 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.31 522.40 Td (% ) Tj ET Q q 0 0 0 rg BT 59.91 522.40 Td (Senior ) Tj ET Q q 0 0 0 rg BT 85.52 522.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 108.62 522.40 Td (due ) Tj ET Q q 0 0 0 rg BT 123.71 522.40 Td (2020. ) Tj ET Q q 0 0 0 rg BT 146.07 522.40 Td ( ) Tj ET Q q 0 0 0 rg BT 148.02 522.40 Td (While ) Tj ET Q q 0 0 0 rg BT 172.11 522.40 Td (we ) Tj ET Q q 0 0 0 rg BT 184.71 522.40 Td (are ) Tj ET Q q 0 0 0 rg BT 197.80 522.40 Td (not ) Tj ET Q q 0 0 0 rg BT 211.41 522.40 Td (a ) Tj ET Q q 0 0 0 rg BT 217.51 522.40 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 254.09 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 263.70 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.79 522.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 297.90 522.40 Td (or ) Tj ET Q q 0 0 0 rg BT 307.50 522.40 Td (a ) Tj ET Q q 0 0 0 rg BT 313.60 522.40 Td (party ) Tj ET Q q 0 0 0 rg BT 334.19 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 343.30 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 356.40 522.40 Td (indentures ) Tj ET Q q 0 0 0 rg BT 395.99 522.40 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 425.33 522.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 455.43 522.40 Td (has ) Tj ET Q q 0 0 0 rg BT 469.53 522.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 495.61 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 504.72 522.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 526.81 522.40 Td (us ) Tj ET Q q 0 0 0 rg BT 536.92 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 546.02 522.40 Td (comport ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 511.60 Td (with ) Tj ET Q q 0 0 0 rg BT 54.60 511.60 Td (the ) Tj ET Q q 0 0 0 rg BT 68.20 511.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 110.79 511.60 Td (on ) Tj ET Q q 0 0 0 rg BT 122.40 511.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 162.48 511.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 211.57 511.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 249.15 511.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.76 511.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.36 511.60 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 310.62 511.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 355.02 511.60 Td (, ) Tj ET Q q 0 0 0 rg BT 359.88 511.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 390.47 511.60 Td (may ) Tj ET Q q 0 0 0 rg BT 408.57 511.60 Td (use ) Tj ET Q q 0 0 0 rg BT 423.17 511.60 Td (its ) Tj ET Q q 0 0 0 rg BT 434.27 511.60 Td (influence ) Tj ET Q q 0 0 0 rg BT 470.36 511.60 Td (over ) Tj ET Q q 0 0 0 rg BT 488.95 511.60 Td (us ) Tj ET Q q 0 0 0 rg BT 499.56 511.60 Td (to ) Tj ET Q q 0 0 0 rg BT 509.16 511.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 536.75 511.60 Td (our ) Tj ET Q q 0 0 0 rg BT 551.35 511.60 Td (ability) Tj ET Q q 0 0 0 rg BT 573.76 511.60 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 500.80 Td (among ) Tj ET Q q 0 0 0 rg BT 62.82 500.80 Td (other ) Tj ET Q q 0 0 0 rg BT 83.63 500.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 110.21 500.80 Td (to ) Tj ET Q q 0 0 0 rg BT 119.53 500.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 140.35 500.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 178.66 500.80 Td (debt, ) Tj ET Q q 0 0 0 rg BT 198.73 500.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 214.05 500.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 251.37 500.80 Td (or ) Tj ET Q q 0 0 0 rg BT 261.19 500.80 Td (issue ) Tj ET Q q 0 0 0 rg BT 281.51 500.80 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 324.56 500.80 Td (if ) Tj ET Q q 0 0 0 rg BT 332.38 500.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 362.70 500.80 Td (is ) Tj ET Q q 0 0 0 rg BT 371.02 500.80 Td (required ) Tj ET Q q 0 0 0 rg BT 403.33 500.80 Td (to ) Tj ET Q q 0 0 0 rg BT 412.65 500.80 Td (do ) Tj ET Q q 0 0 0 rg BT 423.98 500.80 Td (so ) Tj ET Q q 0 0 0 rg BT 434.30 500.80 Td (under ) Tj ET Q q 0 0 0 rg BT 457.12 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 470.43 500.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 492.75 500.80 Td (of ) Tj ET Q q 0 0 0 rg BT 502.57 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 515.89 500.80 Td (indenture ) Tj ET Q q 0 0 0 rg BT 552.20 500.80 Td (for ) Tj ET Q q 0 0 0 rg BT 565.02 500.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 490.00 Td (notes. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 462.40 Td (The 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462.40 Td (bond ) Tj ET Q q 0 0 0 rg BT 535.02 462.40 Td (agreements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 451.60 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 451.60 Td (tested ) Tj ET Q q 0 0 0 rg BT 68.99 451.60 Td (by ) Tj ET Q q 0 0 0 rg BT 80.24 451.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 115.95 451.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.20 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.45 451.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.18 451.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 212.42 451.60 Td (as ) Tj ET Q q 0 0 0 rg BT 222.17 451.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.92 451.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 284.64 451.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.64 451.60 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 424.00 Td (Covenants contained in the credit facility of SFL) Tj ET Q q 0 0 0 rg BT 216.41 424.00 Td ( Linus Ltd., our consolidated VIE ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 410.20 Td (On ) Tj ET Q q 0 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461.24 410.20 Td (a ) Tj ET Q q 0 0 0 rg BT 467.53 410.20 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 503.82 410.20 Td (of ) Tj ET Q q 0 0 0 rg BT 513.62 410.20 Td (banks ) Tj ET Q q 0 0 0 rg BT 536.91 410.20 Td (to ) Tj ET Q q 0 0 0 rg BT 546.21 410.20 Td (fund ) Tj ET Q q 0 0 0 rg BT 565.00 410.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 399.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 77.25 399.40 Td (of ) Tj ET Q q 0 0 0 rg BT 86.49 399.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.24 399.40 Td (W) Tj ET Q q 0 0 0 rg BT 105.91 399.40 Td (est ) Tj ET Q q 0 0 0 rg BT 117.66 399.40 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.67 399.40 Td (, ) Tj ET Q q 0 0 0 rg BT 141.67 399.40 Td (which ) Tj ET Q q 0 0 0 rg BT 165.42 399.40 Td (has ) Tj ET Q q 0 0 0 rg BT 179.16 399.40 Td (been ) Tj ET Q q 0 0 0 rg BT 197.91 399.40 Td (pledged ) Tj ET Q q 0 0 0 rg BT 228.15 399.40 Td (as ) Tj ET Q q 0 0 0 rg BT 237.40 399.40 Td (security) Tj ET Q q 0 0 0 rg BT 265.30 399.40 Td (. ) Tj ET Q q 0 0 0 rg BT 269.30 399.40 Td ( ) Tj ET Q q 0 0 0 rg BT 271.05 399.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 300.80 399.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 331.04 399.40 Td (is ) Tj ET Q q 0 0 0 rg BT 338.80 399.40 Td (the ) Tj ET Q q 0 0 0 rg BT 351.54 399.40 Td (Charter ) Tj ET Q q 0 0 0 rg BT 380.28 399.40 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 418.52 399.40 Td (under ) Tj ET Q q 0 0 0 rg BT 440.76 399.40 Td (this ) Tj ET Q q 0 0 0 rg BT 455.52 399.40 Td (facility) Tj ET Q q 0 0 0 rg BT 480.42 399.40 Td (. ) Tj ET Q q 0 0 0 rg BT 484.29 399.40 Td (While ) Tj ET Q q 0 0 0 rg BT 508.04 399.40 Td (we ) Tj ET Q q 0 0 0 rg BT 520.28 399.40 Td (are ) Tj ET Q q 0 0 0 rg BT 533.02 399.40 Td (not, ) Tj ET Q q 0 0 0 rg BT 548.52 399.40 Td (directly ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 388.60 Td (or ) Tj ET Q q 0 0 0 rg BT 45.68 388.60 Td (indirectly) Tj ET Q q 0 0 0 rg BT 79.59 388.60 Td (, ) Tj ET Q q 0 0 0 rg BT 84.03 388.60 Td (obligated ) Tj ET Q q 0 0 0 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507.49 388.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 535.17 388.60 Td (may ) Tj ET Q q 0 0 0 rg BT 552.85 388.60 Td (have ) Tj ET Q q 0 0 0 rg BT 572.03 388.60 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 377.80 Td (material ) Tj ET Q q 0 0 0 rg BT 67.62 377.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 97.25 377.80 Td (af) Tj ET Q q 0 0 0 rg BT 104.08 377.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 119.70 377.80 Td (on ) Tj ET Q q 0 0 0 rg BT 130.84 377.80 Td (us. ) Tj ET Q q 0 0 0 rg BT 143.24 377.80 Td (See ) Tj ET Q q 0 0 0 rg BT 158.37 377.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 181.00 377.80 Td (3. ) Tj ET Q q 0 0 0 rg BT 189.89 377.80 Td (Key ) Tj ET Q q 0 0 0 rg BT 207.02 377.80 Td (Information-D. ) Tj ET Q q 0 0 0 rg BT 263.90 377.80 Td (Factors-Failure ) Tj ET Q q 0 0 0 rg BT 321.02 377.80 Td (to ) Tj ET Q q 0 0 0 rg BT 330.16 377.80 Td (comply ) Tj ET Q q 0 0 0 rg BT 359.30 377.80 Td (with ) Tj ET Q q 0 0 0 rg BT 377.44 377.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 415.56 377.80 Td (and ) Tj ET Q q 0 0 0 rg BT 430.70 377.80 Td (other ) Tj ET Q q 0 0 0 rg BT 451.33 377.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 490.97 377.80 Td (in ) Tj ET Q q 0 0 0 rg BT 500.12 377.80 Td (our ) Tj ET Q q 0 0 0 rg BT 514.25 377.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 544.89 377.80 Td (or ) Tj ET Q q 0 0 0 rg BT 554.53 377.80 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 367.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 53.74 367.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 99.22 367.00 Td (including ) Tj ET Q q 0 0 0 rg BT 135.46 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 148.70 367.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 172.94 367.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 211.67 367.00 Td (notes, ) Tj ET Q q 0 0 0 rg BT 235.16 367.00 Td (could ) Tj ET Q q 0 0 0 rg BT 257.40 367.00 Td (result ) Tj ET Q q 0 0 0 rg BT 279.64 367.00 Td (in ) Tj ET Q q 0 0 0 rg BT 288.89 367.00 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 341.12 367.00 Td (under ) Tj ET Q q 0 0 0 rg BT 363.85 367.00 Td (our ) Tj ET Q q 0 0 0 rg BT 378.10 367.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 408.84 367.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 426.58 367.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 472.06 367.00 Td (which ) Tj ET Q q 0 0 0 rg BT 496.30 367.00 Td (would ) Tj ET Q q 0 0 0 rg BT 521.04 367.00 Td (have ) Tj ET Q q 0 0 0 rg BT 540.28 367.00 Td (a ) Tj ET Q q 0 0 0 rg BT 546.52 367.00 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 65.73 356.20 Td (af) Tj ET Q q 0 0 0 rg BT 72.56 356.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 88.30 356.20 Td (on ) Tj ET Q q 0 0 0 rg BT 99.55 356.20 Td (us.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 328.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.95 328.60 Td (February ) Tj ET Q q 0 0 0 rg BT 80.90 328.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 103.61 328.60 Td (we ) Tj ET Q q 0 0 0 rg BT 116.56 328.60 Td (received ) Tj ET Q q 0 0 0 rg BT 149.49 328.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 183.44 328.60 Td (to ) Tj ET Q q 0 0 0 rg BT 192.90 328.60 Td (amend ) Tj ET Q q 0 0 0 rg BT 219.34 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.80 328.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 276.23 328.60 Td (for ) Tj ET Q q 0 0 0 rg BT 289.18 328.60 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.64 328.60 Td ($475 ) Tj ET Q q 0 0 0 rg BT 324.10 328.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.10 328.60 Td ( ) Tj ET Q q 0 0 0 rg BT 352.56 328.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 375.50 328.60 Td (facility) Tj ET Q q 0 0 0 rg BT 400.40 328.60 Td (. ) Tj ET Q q 0 0 0 rg BT 405.11 328.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 430.06 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.51 328.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 465.97 328.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.92 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.37 328.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 531.56 328.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 562.01 328.60 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 317.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 65.46 317.80 Td (a ) Tj ET Q q 0 0 0 rg BT 71.42 317.80 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 108.36 317.80 Td (in ) Tj ET Q q 0 0 0 rg BT 117.33 317.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 153.28 317.80 Td (for ) Tj ET Q q 0 0 0 rg BT 165.74 317.80 Td (amendments ) Tj ET Q q 0 0 0 rg BT 213.19 317.80 Td (to ) Tj ET Q q 0 0 0 rg BT 222.16 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 235.12 317.80 Td (covenant ) Tj ET Q q 0 0 0 rg BT 269.57 317.80 Td (package, ) Tj ET Q q 0 0 0 rg BT 303.27 317.80 Td (principally ) Tj ET Q q 0 0 0 rg BT 344.22 317.80 Td (replacing ) Tj ET Q q 0 0 0 rg BT 379.67 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 392.63 317.80 Td (current ) Tj ET Q q 0 0 0 rg BT 420.08 317.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.53 317.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 491.49 317.80 Td (with ) Tj ET Q q 0 0 0 rg BT 509.45 317.80 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 544.54 317.80 Td (financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 307.00 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 76.43 307.00 Td (These ) Tj ET Q q 0 0 0 rg BT 100.29 307.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 138.64 307.00 Td (are ) Tj ET Q q 0 0 0 rg BT 151.99 307.00 Td (the ) Tj ET Q q 0 0 0 rg BT 165.35 307.00 Td (same ) Tj ET Q q 0 0 0 rg BT 186.21 307.00 Td (as ) Tj ET Q q 0 0 0 rg BT 196.07 307.00 Td (the ) Tj ET Q q 0 0 0 rg BT 209.43 307.00 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.29 307.00 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 253.91 307.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.91 307.00 Td ( ) Tj ET Q q 0 0 0 rg BT 282.28 307.00 Td ( ) Tj ET Q q 0 0 0 rg BT 284.64 307.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 310.50 307.00 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 351.35 307.00 Td (Bond ) Tj ET Q q 0 0 0 rg BT 373.22 307.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.58 307.00 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 415.70 307.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.70 307.00 Td ( ) Tj ET Q q 0 0 0 rg BT 444.06 307.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 469.93 307.00 Td (Secured ) Tj ET Q q 0 0 0 rg BT 501.28 307.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 526.14 307.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 556.00 307.00 Td (given ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 296.20 Td (above. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.26 268.60 Td (Company) Tj ET Q q 0 0 0 rg BT 86.67 268.60 Td (, ) Tj ET Q q 0 0 0 rg BT 91.18 268.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 121.44 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.70 268.60 Td (SFL) Tj ET Q q 0 0 0 rg BT 151.87 268.60 Td ( ) Tj ET Q q 0 0 0 rg BT 154.13 268.60 Td (Linus ) Tj ET Q q 0 0 0 rg BT 176.90 268.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 193.91 268.60 Td (complied ) Tj ET Q q 0 0 0 rg BT 229.66 268.60 Td (with ) Tj ET Q q 0 0 0 rg BT 247.93 268.60 Td (all ) Tj ET Q q 0 0 0 rg BT 259.19 268.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.93 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.19 268.60 Td (other ) Tj ET Q q 0 0 0 rg BT 328.94 268.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 367.19 268.60 Td (as ) Tj ET Q q 0 0 0 rg BT 376.95 268.60 Td (included ) Tj ET Q q 0 0 0 rg BT 410.21 268.60 Td (within ) Tj ET Q q 0 0 0 rg BT 435.47 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.73 268.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 483.48 268.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 506.23 268.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 533.98 268.60 Td (as ) Tj ET Q q 0 0 0 rg BT 543.74 268.60 Td (tested ) Tj ET Q q 0 0 0 rg BT 567.00 268.60 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 257.80 Td (reference ) Tj ET Q q 0 0 0 rg BT 71.71 257.80 Td (to ) Tj ET Q q 0 0 0 rg BT 80.96 257.80 Td (the ) Tj ET Q q 0 0 0 rg BT 94.21 257.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.94 257.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 168.18 257.80 Td (as ) Tj ET Q q 0 0 0 rg BT 177.93 257.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.68 257.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 240.40 257.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.40 257.80 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 229.00 Td (Note 15 Other) Tj ET Q q 0 0 0 rg BT 103.86 229.00 Td ( curr) Tj ET Q q 0 0 0 rg BT 125.05 229.00 Td (ent liabilities) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 178.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 178.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 178.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 178.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 150.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 150.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 150.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 150.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 122.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 122.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 122.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 122.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 94.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 94.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 94.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 94.70 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 36.5 178.70000000000005 m 432.5 178.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 178.70000000000005 m 502.5 178.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 178.70000000000005 m 506.5 178.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 178.70000000000005 m 576.5 178.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 94.70000000000005 m 432.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 81.70000000000005 m 432.5 81.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 79.70000000000005 m 432.5 79.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 94.70000000000005 m 502.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 81.70000000000005 m 502.5 81.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 79.70000000000005 m 502.5 79.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 94.70000000000005 m 506.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 81.70000000000005 m 506.5 81.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 79.70000000000005 m 506.5 79.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 94.70000000000005 m 576.5 94.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 81.70000000000005 m 576.5 81.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 79.70000000000005 m 576.5 79.70000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 234.00 192.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 183.15 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 192.15 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 183.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 192.15 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 183.15 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 169.16 Td (Derivative financial instruments ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 157.21 173.24 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 169.16 Td (124.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 169.16 Td (109.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 155.16 Td (Accrued interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 155.16 Td (17.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 155.16 Td (19.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 141.16 Td (Accrued expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 141.16 Td (22.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 141.16 Td (65.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 127.16 Td (Employee withheld taxes, social security and vacation payment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 127.16 Td (18.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 127.16 Td (33.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 113.16 Td (Withheld business taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 113.16 Td (6.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 113.16 Td (20.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 99.16 Td (Short term portion of deferred revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 99.16 Td (21.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 99.16 Td (19.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 85.15 Td (Total other current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 85.15 Td (211.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 85.15 Td (267.8) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 53.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 48.74 53.60 Td ( ) Tj ET Q q 0 0 0 rg BT 50.99 53.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 53.60 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 111.94 53.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.37 53.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 189.33 53.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 216.28 53.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.73 53.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 265.16 53.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 288.62 53.60 Td (on ) Tj ET Q q 0 0 0 rg BT 299.58 53.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 328.02 53.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.46 53.60 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 369.67 53.60 Td (cross ) Tj ET Q q 0 0 0 rg BT 390.12 53.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 423.55 53.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 447.50 53.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.45 53.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 490.40 53.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 526.33 53.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 541.77 53.60 Td (forwards. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 42.80 Td (Additional ) Tj ET Q q 0 0 0 rg BT 112.75 42.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 151.49 42.80 Td (has ) Tj ET Q q 0 0 0 rg BT 165.74 42.80 Td (been ) Tj ET Q q 0 0 0 rg BT 184.97 42.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 219.22 42.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.47 42.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 248.21 42.80 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.21 42.80 Td (.) Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 734.80 Td (Note 16 Other) Tj ET Q q 0 0 0 rg BT 103.86 734.80 Td ( non-curr) Tj ET Q q 0 0 0 rg BT 144.51 734.80 Td (ent liabilities) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 670.50 398.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 670.50 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 670.50 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 640.50 398.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 640.50 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 640.50 69.00 -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 36.5 685.5 m 434.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 685.5 m 503.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 685.5 m 507.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 685.5 m 576.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 640.5 m 434.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 626.5 m 434.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 624.5 m 434.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 640.5 m 503.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 626.5 m 503.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 624.5 m 503.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 640.5 m 507.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 626.5 m 507.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 624.5 m 507.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 640.5 m 576.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 626.5 m 576.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 624.5 m 576.5 624.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.00 698.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 182.95 689.90 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.30 698.90 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.50 689.90 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.30 698.90 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.50 689.90 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 659.96 Td (Deferred revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 659.96 Td (19.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 659.96 Td (39.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 644.96 Td (Derivative financial instruments) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 154.96 649.04 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 644.96 Td (2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 644.96 Td (2.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 629.95 Td (Total non-current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 629.95 Td (22.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 629.95 Td (42.4) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 598.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 48.74 598.40 Td ( ) Tj ET Q q 0 0 0 rg BT 50.99 598.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 598.40 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 112.23 598.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.96 598.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 190.21 598.40 Td (consist ) Tj ET Q q 0 0 0 rg BT 217.46 598.40 Td (of ) Tj ET Q q 0 0 0 rg BT 227.21 598.40 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 266.94 598.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 290.69 598.40 Td (on ) Tj ET Q q 0 0 0 rg BT 301.94 598.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 330.68 598.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 346.42 598.40 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 372.42 598.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 413.17 598.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 451.91 598.40 Td (has ) Tj ET Q q 0 0 0 rg BT 466.15 598.40 Td (been ) Tj ET Q q 0 0 0 rg BT 485.39 598.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 519.64 598.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.89 598.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 548.63 598.40 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.63 598.40 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.60 Td (Note 17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 569.60 Td ( Common shar) Tj ET Q q 0 0 0 rg BT 139.14 569.60 Td (e capital) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 504.30 248.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 504.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 504.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 504.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 504.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 504.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 504.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 504.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 477.30 248.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 477.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 477.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 477.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 477.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 477.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 477.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 477.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 451.30 248.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 451.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 451.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 451.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 451.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 451.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 451.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 451.30 70.00 -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 284.5 530.3 m 354.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 517.3 m 354.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 530.3 m 358.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 517.3 m 358.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 530.3 m 428.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 517.3 m 428.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 530.3 m 432.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 517.3 m 432.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 530.3 m 502.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 517.3 m 502.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 530.3 m 506.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 517.3 m 506.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 530.3 m 576.5 530.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 517.3 m 576.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 504.3 m 284.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 517.3 m 354.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 504.3 m 354.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 517.3 m 358.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 504.3 m 358.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 517.3 m 428.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 504.3 m 428.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 517.3 m 432.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 504.3 m 432.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 517.3 m 502.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 504.3 m 502.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 517.3 m 506.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 504.3 m 506.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 517.3 m 576.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 504.3 m 576.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 451.3 m 284.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 438.3 m 284.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 451.3 m 354.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 438.3 m 354.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 451.3 m 358.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 438.3 m 358.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 451.3 m 428.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 438.3 m 428.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 451.3 m 432.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 438.3 m 432.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 451.3 m 502.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 438.3 m 502.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 451.3 m 506.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 438.3 m 506.5 438.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 451.3 m 576.5 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 438.3 m 576.5 438.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.70 533.70 Td (December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.20 533.70 Td (December 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 521.56 Td (Common shares of par value $0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 521.56 Td (Common shares of par value $5.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.05 508.70 Td (Shar) Tj ET Q q 0 0 0 rg BT 324.39 508.70 Td (es) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.89 508.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.60 508.70 Td (US$ millions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.36 508.70 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.55 508.70 Td (Shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.10 508.70 Td (US$ millions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 495.56 Td (Authorized share capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.00 495.56 Td (100,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 495.56 Td (10.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 495.56 Td (400,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 495.56 Td (2,000.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 468.56 Td (Issued and fully paid share capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.50 468.56 Td (24,351,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 468.56 Td (2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 468.56 Td (243,516,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 468.56 Td (1,217.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 455.56 Td (Treasury shares held by Company) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.75 455.56 Td (\(237,386) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 455.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 455.56 Td (0.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.00 455.56 Td (\(2,373,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 455.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 455.56 Td (\(11.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 455.56 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 442.70 Td (Outstanding shares in issue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.50 442.70 Td (24,114,232) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 442.70 Td (2.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 442.70 Td (241,142,651) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.00 442.70 Td (1,205.7) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 411.20 Td (As ) Tj ET Q q 0 0 0 rg BT 47.91 411.20 Td (of ) Tj ET Q q 0 0 0 rg BT 57.32 411.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.71 411.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 131.88 411.20 Td (the ) Tj ET Q q 0 0 0 rg BT 144.78 411.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 186.82 411.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 211.22 411.20 Td (were ) Tj ET Q q 0 0 0 rg BT 230.62 411.20 Td (listed ) Tj ET Q q 0 0 0 rg BT 252.03 411.20 Td (on ) Tj ET Q q 0 0 0 rg BT 262.94 411.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.85 411.20 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 317.75 411.20 Td (OTC ) Tj ET Q q 0 0 0 rg BT 337.66 411.20 Td (list. ) Tj ET Q q 0 0 0 rg BT 352.83 411.20 Td (On ) Tj ET Q q 0 0 0 rg BT 365.74 411.20 Td (January ) Tj ET Q q 0 0 0 rg BT 395.64 411.20 Td (29, ) Tj ET Q q 0 0 0 rg BT 408.80 411.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 430.97 411.20 Td (the ) Tj ET Q q 0 0 0 rg BT 443.88 411.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.79 411.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 520.18 411.20 Td (its ) Tj ET Q q 0 0 0 rg BT 530.60 411.20 Td (initial ) Tj ET Q q 0 0 0 rg BT 553.51 411.20 Td (public ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 400.40 Td (of) Tj ET Q q 0 0 0 rg BT 43.33 400.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 66.36 400.40 Td (in ) Tj ET Q q 0 0 0 rg BT 74.90 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.43 400.40 Td (United ) Tj ET Q q 0 0 0 rg BT 113.46 400.40 Td (States. ) Tj ET Q q 0 0 0 rg BT 138.64 400.40 Td (The ) Tj ET Q q 0 0 0 rg BT 154.17 400.40 Td (total ) Tj ET Q q 0 0 0 rg BT 171.70 400.40 Td (number ) Tj ET Q q 0 0 0 rg BT 200.73 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.76 400.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.79 400.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 257.83 400.40 Td (by ) Tj ET Q q 0 0 0 rg BT 268.37 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 280.90 400.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.43 400.40 Td (as ) Tj ET Q q 0 0 0 rg BT 326.47 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 335.50 400.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 387.51 400.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 407.05 400.40 Td (consisted ) Tj ET Q q 0 0 0 rg BT 442.08 400.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.12 400.40 Td (3,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.37 400.40 Td ( ) Tj ET Q q 0 0 0 rg BT 472.90 400.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 496.93 400.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 520.97 400.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 540.51 400.40 Td (formation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 389.60 Td (of ) Tj ET Q q 0 0 0 rg BT 45.82 389.60 Td (the ) Tj ET Q q 0 0 0 rg BT 59.13 389.60 Td (Company) Tj ET Q q 0 0 0 rg BT 93.55 389.60 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.12 389.60 Td (50,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.62 389.60 Td ( ) Tj ET Q q 0 0 0 rg BT 140.94 389.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 165.75 389.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 190.57 389.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.89 389.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.21 389.60 Td (general ) Tj ET Q q 0 0 0 rg BT 242.01 389.60 Td (public ) Tj ET Q q 0 0 0 rg BT 266.82 389.60 Td (in ) Tj ET Q q 0 0 0 rg BT 276.14 389.60 Td (a ) Tj ET Q q 0 0 0 rg BT 282.46 389.60 Td (private ) Tj ET Q q 0 0 0 rg BT 309.77 389.60 Td (placement ) Tj ET Q q 0 0 0 rg BT 349.07 389.60 Td (during ) Tj ET Q q 0 0 0 rg BT 374.88 389.60 Td (February ) Tj ET Q q 0 0 0 rg BT 409.69 389.60 Td (201) Tj ET Q q 0 0 0 rg BT 422.86 389.60 Td (1, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.93 389.60 Td (150,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.93 389.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.25 389.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 504.06 389.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 528.88 389.60 Td (to ) Tj ET Q q 0 0 0 rg BT 538.20 389.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 568.52 389.60 Td (as ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 378.80 Td (part ) Tj ET Q q 0 0 0 rg BT 52.59 378.80 Td (of ) Tj ET Q q 0 0 0 rg BT 62.69 378.80 Td (the ) Tj ET Q q 0 0 0 rg BT 76.29 378.80 Td (consideration ) Tj ET Q q 0 0 0 rg BT 127.38 378.80 Td (for ) Tj ET Q q 0 0 0 rg BT 140.48 378.80 Td (the ) Tj ET Q q 0 0 0 rg BT 154.07 378.80 Td (transfer ) Tj ET Q q 0 0 0 rg BT 184.16 378.80 Td (of ) Tj ET Q q 0 0 0 rg BT 194.26 378.80 Td (the ) Tj ET Q q 0 0 0 rg BT 207.86 378.80 Td (business ) Tj ET Q q 0 0 0 rg BT 240.96 378.80 Td (to ) Tj ET Q q 0 0 0 rg BT 250.56 378.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.16 378.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 301.76 378.80 Td (on ) Tj ET Q q 0 0 0 rg BT 313.37 378.80 Td (March ) Tj ET Q q 0 0 0 rg BT 339.46 378.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 353.31 378.80 Td (201) Tj ET Q q 0 0 0 rg BT 366.48 378.80 Td (1, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.83 378.80 Td (30,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.33 378.80 Td ( ) Tj ET Q q 0 0 0 rg BT 418.93 378.80 Td (shares ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.02 378.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 469.13 378.80 Td (in ) Tj ET Q q 0 0 0 rg BT 478.73 378.80 Td (a ) Tj ET Q q 0 0 0 rg BT 485.33 378.80 Td (private ) Tj ET Q q 0 0 0 rg BT 512.92 378.80 Td (placement ) Tj ET Q q 0 0 0 rg BT 552.50 378.80 Td (during ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 368.00 Td (March ) Tj ET Q q 0 0 0 rg BT 61.16 368.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 80.84 368.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.50 368.00 Td (13,513,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.00 368.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.68 368.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.84 368.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 186.01 368.00 Td (when ) Tj ET Q q 0 0 0 rg BT 207.18 368.00 Td (North ) Tj ET Q q 0 0 0 rg BT 229.48 368.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 260.15 368.00 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 290.32 368.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 329.48 368.00 Td (its ) Tj ET Q q 0 0 0 rg BT 339.65 368.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 362.32 368.00 Td (public ) Tj ET Q q 0 0 0 rg BT 386.49 368.00 Td (of) Tj ET Q q 0 0 0 rg BT 393.83 368.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 416.99 368.00 Td (on ) Tj ET Q q 0 0 0 rg BT 427.66 368.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.33 368.00 Td (New ) Tj ET Q q 0 0 0 rg BT 458.75 368.00 Td (Y) Tj ET Q q 0 0 0 rg BT 464.35 368.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 478.02 368.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 500.19 368.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 537.35 368.00 Td (on ) Tj ET Q q 0 0 0 rg BT 548.02 368.00 Td (January ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 357.20 Td (29, ) Tj ET Q q 0 0 0 rg BT 49.50 357.20 Td (2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 343.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.60 Td (After ) Tj ET Q q 0 0 0 rg BT 57.04 329.60 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 109.83 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 329.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.93 329.60 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 205.45 329.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.00 329.60 Td (that ) Tj ET Q q 0 0 0 rg BT 245.54 329.60 Td (may ) Tj ET Q q 0 0 0 rg BT 263.09 329.60 Td (be ) Tj ET Q q 0 0 0 rg BT 273.64 329.60 Td (canceled ) Tj ET Q q 0 0 0 rg BT 307.16 329.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.71 329.60 Td (held ) Tj ET Q q 0 0 0 rg BT 334.26 329.60 Td (as ) Tj ET Q q 0 0 0 rg BT 343.81 329.60 Td (treasury ) Tj ET Q q 0 0 0 rg BT 374.85 329.60 Td (shares. ) Tj ET Q q 0 0 0 rg BT 401.19 329.60 Td (As ) Tj ET Q q 0 0 0 rg BT 413.24 329.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.79 329.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 475.32 329.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.32 329.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.37 329.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.42 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.47 329.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 560.52 329.60 Td (held ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 318.80 Td (237,386) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.25 318.80 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 318.80 Td (common ) Tj ET Q q 0 0 0 rg BT 101.25 318.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 125.99 318.80 Td (as ) Tj ET Q q 0 0 0 rg BT 135.73 318.80 Td (treasury ) Tj ET Q q 0 0 0 rg BT 166.97 318.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 191.71 318.80 Td (at ) Tj ET Q q 0 0 0 rg BT 200.46 318.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 217.20 318.80 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.20 318.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 272.93 318.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.93 318.80 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.68 318.80 Td (2,373,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.68 318.80 Td ( ) Tj ET Q q 0 0 0 rg BT 333.93 318.80 Td (treasury ) Tj ET Q q 0 0 0 rg BT 365.16 318.80 Td (shares\).) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 291.20 Td (The ) Tj ET Q q 0 0 0 rg BT 51.81 291.20 Td (Company) Tj ET Q q 0 0 0 rg BT 89.31 291.20 Td (s ) Tj ET Q q 0 0 0 rg BT 94.63 291.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 141.93 291.20 Td (passed ) Tj ET Q q 0 0 0 rg BT 167.75 291.20 Td (a ) Tj ET Q q 0 0 0 rg BT 173.56 291.20 Td (resolution ) Tj ET Q q 0 0 0 rg BT 211.38 291.20 Td (at ) Tj ET Q q 0 0 0 rg BT 219.69 291.20 Td (the ) Tj ET Q q 0 0 0 rg BT 232.51 291.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 258.31 291.20 Td (general ) Tj ET Q q 0 0 0 rg BT 286.62 291.20 Td (meeting ) Tj ET Q q 0 0 0 rg BT 317.43 291.20 Td (held ) Tj ET Q q 0 0 0 rg BT 334.74 291.20 Td (on ) Tj ET Q q 0 0 0 rg BT 345.56 291.20 Td (September21, ) Tj ET Q q 0 0 0 rg BT 399.37 291.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 421.44 291.20 Td (authorizing ) Tj ET Q q 0 0 0 rg BT 464.24 291.20 Td (the ) Tj ET Q q 0 0 0 rg BT 477.06 291.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 512.86 291.20 Td (of ) Tj ET Q q 0 0 0 rg BT 522.18 291.20 Td (the ) Tj ET Q q 0 0 0 rg BT 534.99 291.20 Td (Company) Tj ET Q q 0 0 0 rg BT 572.49 291.20 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 280.40 Td (share ) Tj ET Q q 0 0 0 rg BT 56.39 280.40 Td (premium ) Tj ET Q q 0 0 0 rg BT 90.29 280.40 Td (account ) Tj ET Q q 0 0 0 rg BT 119.67 280.40 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.57 280.40 Td ($834.3 ) Tj ET Q q 0 0 0 rg BT 164.73 280.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.73 280.40 Td ( ) Tj ET Q q 0 0 0 rg BT 192.13 280.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.53 280.40 Td ($0 ) Tj ET Q q 0 0 0 rg BT 210.94 280.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.94 280.40 Td ( ) Tj ET Q q 0 0 0 rg BT 238.34 280.40 Td (and ) Tj ET Q q 0 0 0 rg BT 252.74 280.40 Td (an ) Tj ET Q q 0 0 0 rg BT 262.64 280.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 293.52 280.40 Td (in ) Tj ET Q q 0 0 0 rg BT 301.92 280.40 Td (the ) Tj ET Q q 0 0 0 rg BT 314.32 280.40 Td (Company) Tj ET Q q 0 0 0 rg BT 351.82 280.40 Td (s ) Tj ET Q q 0 0 0 rg BT 356.72 280.40 Td (contributed ) Tj ET Q q 0 0 0 rg BT 399.11 280.40 Td (surplus ) Tj ET Q q 0 0 0 rg BT 426.52 280.40 Td (account ) Tj ET Q q 0 0 0 rg BT 455.91 280.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.81 280.40 Td ($834.3 ) Tj ET Q q 0 0 0 rg BT 490.96 280.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.96 280.40 Td (, ) Tj ET Q q 0 0 0 rg BT 520.61 280.40 Td (with ) Tj ET Q q 0 0 0 rg BT 538.02 280.40 Td (immediate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 269.60 Td (ef) Tj ET Q q 0 0 0 rg BT 42.83 269.60 Td (fect, ) Tj ET Q q 0 0 0 rg BT 60.82 269.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.06 269.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 104.81 269.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.55 269.60 Td (which ) Tj ET Q q 0 0 0 rg BT 138.80 269.60 Td (was ) Tj ET Q q 0 0 0 rg BT 155.04 269.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.78 269.60 Td (to ) Tj ET Q q 0 0 0 rg BT 200.03 269.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 231.76 269.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.01 269.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.25 269.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.00 269.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.25 269.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 330.50 269.60 Td (to ) Tj ET Q q 0 0 0 rg BT 339.75 269.60 Td (declare ) Tj ET Q q 0 0 0 rg BT 367.97 269.60 Td (and ) Tj ET Q q 0 0 0 rg BT 383.22 269.60 Td (distribute ) Tj ET Q q 0 0 0 rg BT 419.46 269.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 456.71 269.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.96 269.60 Td (its ) Tj ET Q q 0 0 0 rg BT 476.71 269.60 Td (shareholders. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 242.00 Td (The ) Tj ET Q q 0 0 0 rg BT 51.77 242.00 Td (Company) Tj ET Q q 0 0 0 rg BT 89.27 242.00 Td (s ) Tj ET Q q 0 0 0 rg BT 94.55 242.00 Td (contributed ) Tj ET Q q 0 0 0 rg BT 137.32 242.00 Td (deficit ) Tj ET Q q 0 0 0 rg BT 162.08 242.00 Td (account ) Tj ET Q q 0 0 0 rg BT 191.85 242.00 Td (originally ) Tj ET Q q 0 0 0 rg BT 228.62 242.00 Td (amounted ) Tj ET Q q 0 0 0 rg BT 265.89 242.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.67 242.00 Td ($2,000.0 ) Tj ET Q q 0 0 0 rg BT 307.95 242.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.95 242.00 Td ( ) Tj ET Q q 0 0 0 rg BT 335.73 242.00 Td (and ) Tj ET Q q 0 0 0 rg BT 350.50 242.00 Td (relates ) Tj ET Q q 0 0 0 rg BT 375.76 242.00 Td (to ) Tj ET Q q 0 0 0 rg BT 384.54 242.00 Td (the ) Tj ET Q q 0 0 0 rg BT 397.32 242.00 Td (dif) Tj ET Q q 0 0 0 rg BT 407.15 242.00 Td (ference ) Tj ET Q q 0 0 0 rg BT 435.40 242.00 Td (between ) Tj ET Q q 0 0 0 rg BT 467.17 242.00 Td (the ) Tj ET Q q 0 0 0 rg BT 479.94 242.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 511.70 242.00 Td (value ) Tj ET Q q 0 0 0 rg BT 532.97 242.00 Td (of ) Tj ET Q q 0 0 0 rg BT 542.25 242.00 Td (net ) Tj ET Q q 0 0 0 rg BT 555.02 242.00 Td (assets ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 231.20 Td (purchased ) Tj ET Q q 0 0 0 rg BT 75.33 231.20 Td (and ) Tj ET Q q 0 0 0 rg BT 91.17 231.20 Td (the ) Tj ET Q q 0 0 0 rg BT 105.01 231.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 156.33 231.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 174.67 231.20 Td (for ) Tj ET Q q 0 0 0 rg BT 188.01 231.20 Td (the ) Tj ET Q q 0 0 0 rg BT 201.85 231.20 Td (businesses ) Tj ET Q q 0 0 0 rg BT 242.70 231.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 276.52 231.20 Td (in ) Tj ET Q q 0 0 0 rg BT 286.37 231.20 Td (the ) Tj ET Q q 0 0 0 rg BT 300.21 231.20 Td (North ) Tj ET Q q 0 0 0 rg BT 323.42 231.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 355.25 231.20 Td (Restructuring. ) Tj ET Q q 0 0 0 rg BT 409.13 231.20 Td (This ) Tj ET Q q 0 0 0 rg BT 427.98 231.20 Td (account ) Tj ET Q q 0 0 0 rg BT 458.81 231.20 Td (will ) Tj ET Q q 0 0 0 rg BT 475.65 231.20 Td (not ) Tj ET Q q 0 0 0 rg BT 490.00 231.20 Td (be ) Tj ET Q q 0 0 0 rg BT 501.34 231.20 Td (netted ) Tj ET Q q 0 0 0 rg BT 526.17 231.20 Td (against ) Tj ET Q q 0 0 0 rg BT 554.51 231.20 Td (future ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 220.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 68.55 220.40 Td (and ) Tj ET Q q 0 0 0 rg BT 83.60 220.40 Td (does ) Tj ET Q q 0 0 0 rg BT 102.15 220.40 Td (not ) Tj ET Q q 0 0 0 rg BT 115.71 220.40 Td (restrict ) Tj ET Q q 0 0 0 rg BT 142.75 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 155.80 220.40 Td (Company) Tj ET Q q 0 0 0 rg BT 193.30 220.40 Td (s ) Tj ET Q q 0 0 0 rg BT 198.86 220.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 223.91 220.40 Td (to ) Tj ET Q q 0 0 0 rg BT 232.97 220.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 248.02 220.40 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 287.33 220.40 Td (Following ) Tj ET Q q 0 0 0 rg BT 326.39 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 339.44 220.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 382.49 220.40 Td (of ) Tj ET Q q 0 0 0 rg BT 392.04 220.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 418.58 220.40 Td (common ) Tj ET Q q 0 0 0 rg BT 452.13 220.40 Td (control ) Tj ET Q q 0 0 0 rg BT 479.68 220.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 524.72 220.40 Td (in ) Tj ET Q q 0 0 0 rg BT 533.78 220.40 Td (201) Tj ET Q q 0 0 0 rg BT 546.95 220.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 555.75 220.40 Td (2012, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 209.60 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 209.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 73.74 209.60 Td (the ) Tj ET Q q 0 0 0 rg BT 86.99 209.60 Td (contributed ) Tj ET Q q 0 0 0 rg BT 130.23 209.60 Td (deficit ) Tj ET Q q 0 0 0 rg BT 155.47 209.60 Td (has ) Tj ET Q q 0 0 0 rg BT 169.71 209.60 Td (been ) Tj ET Q q 0 0 0 rg BT 188.95 209.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 219.68 209.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.93 209.60 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 251.43 209.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.44 209.60 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 182.00 Td (Reverse stock split and capital reduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 168.20 Td (In ) Tj ET Q q 0 0 0 rg BT 44.84 168.20 Td (December ) Tj ET Q q 0 0 0 rg BT 83.15 168.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 102.49 168.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.82 168.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 161.64 168.20 Td (in ) Tj ET Q q 0 0 0 rg BT 169.98 168.20 Td (a ) Tj ET Q q 0 0 0 rg BT 175.31 168.20 Td (special ) Tj ET Q q 0 0 0 rg BT 201.64 168.20 Td (general ) Tj ET Q q 0 0 0 rg BT 229.46 168.20 Td (meeting ) Tj ET Q q 0 0 0 rg BT 259.79 168.20 Td (approved ) Tj ET Q q 0 0 0 rg BT 294.61 168.20 Td (a ) Tj ET Q q 0 0 0 rg BT 299.95 168.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.27 168.20 Td (reor) Tj ET Q q 0 0 0 rg BT 339.60 168.20 Td (ganization ) Tj ET Q q 0 0 0 rg BT 378.42 168.20 Td (including ) Tj ET Q q 0 0 0 rg BT 413.76 168.20 Td (a ) Tj ET Q q 0 0 0 rg BT 419.09 168.20 Td (1-for) Tj ET Q q 0 0 0 rg BT 436.90 168.20 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.90 168.20 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.90 168.20 Td ( ) Tj ET Q q 0 0 0 rg BT 450.23 168.20 Td (reverse ) Tj ET Q q 0 0 0 rg BT 477.55 168.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 497.89 168.20 Td (split ) Tj ET Q q 0 0 0 rg BT 514.73 168.20 Td (of ) Tj ET Q q 0 0 0 rg BT 523.57 168.20 Td (the ) Tj ET Q q 0 0 0 rg BT 535.90 168.20 Td (Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 157.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 61.15 157.40 Td (and ) Tj ET Q q 0 0 0 rg BT 76.79 157.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 121.44 157.40 Td (common ) Tj ET Q q 0 0 0 rg BT 155.58 157.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.72 157.40 Td (and ) Tj ET Q q 0 0 0 rg BT 196.36 157.40 Td (reducing ) Tj ET Q q 0 0 0 rg BT 230.50 157.40 Td (par ) Tj ET Q q 0 0 0 rg BT 244.64 157.40 Td (value ) Tj ET Q q 0 0 0 rg BT 266.77 157.40 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.92 157.40 Td ($5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.17 157.40 Td ( ) Tj ET Q q 0 0 0 rg BT 309.81 157.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.46 157.40 Td ($0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.71 157.40 Td (. ) Tj ET Q q 0 0 0 rg BT 344.61 157.40 Td ( ) Tj ET Q q 0 0 0 rg BT 347.26 157.40 Td (In ) Tj ET Q q 0 0 0 rg BT 357.40 157.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 389.55 157.40 Td (the ) Tj ET Q q 0 0 0 rg BT 403.19 157.40 Td (total ) Tj ET Q q 0 0 0 rg BT 421.84 157.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 462.47 157.40 Td (share ) Tj ET Q q 0 0 0 rg BT 484.10 157.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 510.74 157.40 Td (was ) Tj ET Q q 0 0 0 rg BT 527.38 157.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 558.51 157.40 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 146.60 Td ($2,000.0 ) Tj ET Q q 0 0 0 rg BT 69.75 146.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.75 146.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 146.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.25 146.60 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 129.75 146.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.76 146.60 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 119.00 Td (As ) Tj ET Q q 0 0 0 rg BT 48.10 119.00 Td (a ) Tj ET Q q 0 0 0 rg BT 54.20 119.00 Td (result ) Tj ET Q q 0 0 0 rg BT 76.30 119.00 Td (of ) Tj ET Q q 0 0 0 rg BT 85.90 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 98.99 119.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 125.08 119.00 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 173.16 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.26 119.00 Td (number ) Tj ET Q q 0 0 0 rg BT 215.85 119.00 Td (of ) Tj ET Q q 0 0 0 rg BT 225.45 119.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 250.05 119.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 294.15 119.00 Td (has ) Tj ET Q q 0 0 0 rg BT 308.25 119.00 Td (fallen ) Tj ET Q q 0 0 0 rg BT 330.83 119.00 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.43 119.00 Td (241,142,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.43 119.00 Td ( ) Tj ET Q q 0 0 0 rg BT 397.53 119.00 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.63 119.00 Td (24,1) Tj ET Q q 0 0 0 rg BT 422.05 119.00 Td (14,232) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.80 119.00 Td (. ) Tj ET Q q 0 0 0 rg BT 450.69 119.00 Td (As ) Tj ET Q q 0 0 0 rg BT 462.79 119.00 Td (a ) Tj ET Q q 0 0 0 rg BT 468.89 119.00 Td (result, ) Tj ET Q q 0 0 0 rg BT 493.23 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 506.33 119.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 530.93 119.00 Td (share ) Tj ET Q q 0 0 0 rg BT 552.02 119.00 Td (capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 108.20 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 108.20 Td (the ) Tj ET Q q 0 0 0 rg BT 58.99 108.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 96.24 108.20 Td (has ) Tj ET Q q 0 0 0 rg BT 110.49 108.20 Td (fallen ) Tj ET Q q 0 0 0 rg BT 133.22 108.20 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.97 108.20 Td ($1,205.7 ) Tj ET Q q 0 0 0 rg BT 186.72 108.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.72 108.20 Td ( ) Tj ET Q q 0 0 0 rg BT 214.97 108.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.22 108.20 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 242.22 108.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.22 108.20 Td (, ) Tj ET Q q 0 0 0 rg BT 272.72 108.20 Td (and ) Tj ET Q q 0 0 0 rg BT 287.97 108.20 Td (the ) Tj ET Q q 0 0 0 rg BT 301.21 108.20 Td (contributed ) Tj ET Q q 0 0 0 rg BT 344.45 108.20 Td (surplus ) Tj ET Q q 0 0 0 rg BT 372.70 108.20 Td (has ) Tj ET Q q 0 0 0 rg BT 386.95 108.20 Td (been ) Tj ET Q q 0 0 0 rg BT 406.19 108.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 442.42 108.20 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.67 108.20 Td ($1,203.3 ) Tj ET Q q 0 0 0 rg BT 487.42 108.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.42 108.20 Td (. ) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Note 18 ) Tj ET Q q 0 0 0 rg BT 77.94 749.25 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 162.46 749.25 Td ( Compr) Tj ET Q q 0 0 0 rg BT 195.34 749.25 Td (ehensive Loss) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 684.95 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 684.95 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 684.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 684.95 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 36.5 698.95 m 432.5 698.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 698.95 m 502.5 698.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 698.95 m 506.5 698.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 698.95 m 576.5 698.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 670.95 m 432.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 670.95 m 502.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.95 m 506.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 670.95 m 576.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 670.95 m 432.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 657.95 m 432.5 657.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 655.95 m 432.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 670.95 m 502.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 657.95 m 502.5 657.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 655.95 m 502.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.95 m 506.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 657.95 m 506.5 657.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 655.95 m 506.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 670.95 m 576.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 657.95 m 576.5 657.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 655.95 m 576.5 655.95 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 703.40 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 712.40 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 703.40 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 712.40 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 703.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 675.41 Td (Actuarial loss relating to pension) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 675.41 Td (\(23.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 675.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 675.41 Td (\(58.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 675.41 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 661.40 Td (Total accumulated other comprehensive loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.25 661.40 Td (\(23.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 661.40 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 661.40 Td (\(58.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 661.40 Td (\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.85 Td (For ) Tj ET Q q 0 0 0 rg BT 50.74 629.85 Td (the ) Tj ET Q q 0 0 0 rg BT 63.98 629.85 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 97.20 629.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 113.44 629.85 Td (related ) Tj ET Q q 0 0 0 rg BT 140.16 629.85 Td (to ) Tj ET Q q 0 0 0 rg BT 149.40 629.85 Td (pension, ) Tj ET Q q 0 0 0 rg BT 181.89 629.85 Td (the ) Tj ET Q q 0 0 0 rg BT 195.13 629.85 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 242.84 629.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 282.06 629.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 311.30 629.85 Td (of ) Tj ET Q q 0 0 0 rg BT 321.04 629.85 Td (income ) Tj ET Q q 0 0 0 rg BT 349.77 629.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 370.50 629.85 Td (related ) Tj ET Q q 0 0 0 rg BT 397.22 629.85 Td (to ) Tj ET Q q 0 0 0 rg BT 406.46 629.85 Td (companies ) Tj ET Q q 0 0 0 rg BT 447.19 629.85 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 485.42 629.85 Td (in ) Tj ET Q q 0 0 0 rg BT 494.66 629.85 Td (Norway) Tj ET Q q 0 0 0 rg BT 523.07 629.85 Td (, ) Tj ET Q q 0 0 0 rg BT 527.56 629.85 Td (where ) Tj ET Q q 0 0 0 rg BT 551.78 629.85 Td (the ) Tj ET Q q 0 0 0 rg BT 565.02 629.85 Td (tax ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 51.74 619.05 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.99 619.05 Td (25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.49 619.05 Td (, ) Tj ET Q q 0 0 0 rg BT 80.99 619.05 Td (amounted ) Tj ET Q q 0 0 0 rg BT 118.73 619.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.98 619.05 Td ($7.9 ) Tj ET Q q 0 0 0 rg BT 145.98 619.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.98 619.05 Td ( ) Tj ET Q q 0 0 0 rg BT 174.23 619.05 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.98 619.05 Td (December ) Tj ET Q q 0 0 0 rg BT 222.20 619.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 235.70 619.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.70 619.05 Td ( ) Tj ET Q q 0 0 0 rg BT 255.95 619.05 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.95 619.05 Td (December ) Tj ET Q q 0 0 0 rg BT 298.17 619.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 311.67 619.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.67 619.05 Td (: ) Tj ET Q q 0 0 0 rg BT 334.42 619.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 347.67 619.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 363.41 619.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.15 619.05 Td (27%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.65 619.05 Td (, ) Tj ET Q q 0 0 0 rg BT 394.15 619.05 Td (deferred ) Tj ET Q q 0 0 0 rg BT 426.38 619.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 439.62 619.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 459.36 619.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.11 619.05 Td ($21.7 ) Tj ET Q q 0 0 0 rg BT 491.61 619.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.61 619.05 Td (\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 590.25 Td (Note 19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 590.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 98.87 590.25 Td (e based compensation) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 562.65 Td (Share Option Plan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 548.85 Td (The ) Tj ET Q q 0 0 0 rg BT 51.79 548.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 75.59 548.85 Td (resolved, ) Tj ET Q q 0 0 0 rg BT 110.13 548.85 Td (in ) Tj ET Q q 0 0 0 rg BT 118.94 548.85 Td (its ) Tj ET Q q 0 0 0 rg BT 129.24 548.85 Td (meeting ) Tj ET Q q 0 0 0 rg BT 160.04 548.85 Td (on ) Tj ET Q q 0 0 0 rg BT 170.84 548.85 Td (February ) Tj ET Q q 0 0 0 rg BT 205.13 548.85 Td (14, ) Tj ET Q q 0 0 0 rg BT 218.18 548.85 Td (201) Tj ET Q q 0 0 0 rg BT 231.35 548.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 239.90 548.85 Td (to ) Tj ET Q q 0 0 0 rg BT 248.71 548.85 Td (establish ) Tj ET Q q 0 0 0 rg BT 282.00 548.85 Td (a ) Tj ET Q q 0 0 0 rg BT 287.80 548.85 Td (share ) Tj ET Q q 0 0 0 rg BT 308.59 548.85 Td (option ) Tj ET Q q 0 0 0 rg BT 333.40 548.85 Td (based ) Tj ET Q q 0 0 0 rg BT 355.69 548.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 390.48 548.85 Td (scheme ) Tj ET Q q 0 0 0 rg BT 419.27 548.85 Td (for ) Tj ET Q q 0 0 0 rg BT 431.57 548.85 Td (the ) Tj ET Q q 0 0 0 rg BT 444.36 548.85 Td (Company) Tj ET Q q 0 0 0 rg BT 481.86 548.85 Td (s ) Tj ET Q q 0 0 0 rg BT 487.17 548.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 527.46 548.85 Td (and ) Tj ET Q q 0 0 0 rg BT 542.25 548.85 Td (directors, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 538.05 Td (approved ) Tj ET Q q 0 0 0 rg BT 71.34 538.05 Td (a ) Tj ET Q q 0 0 0 rg BT 77.19 538.05 Td (set ) Tj ET Q q 0 0 0 rg BT 89.05 538.05 Td (of ) Tj ET Q q 0 0 0 rg BT 98.40 538.05 Td (rules ) Tj ET Q q 0 0 0 rg BT 117.75 538.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 156.59 538.05 Td (to ) Tj ET Q q 0 0 0 rg BT 165.45 538.05 Td (the ) Tj ET Q q 0 0 0 rg BT 178.30 538.05 Td (scheme ) Tj ET Q q 0 0 0 rg BT 207.15 538.05 Td (and ) Tj ET Q q 0 0 0 rg BT 222.00 538.05 Td (reserved ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.33 538.05 Td (6,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.33 538.05 Td ( ) Tj ET Q q 0 0 0 rg BT 292.19 538.05 Td (of ) Tj ET Q q 0 0 0 rg BT 301.54 538.05 Td (its ) Tj ET Q q 0 0 0 rg BT 311.91 538.05 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 353.99 538.05 Td (but ) Tj ET Q q 0 0 0 rg BT 367.35 538.05 Td (unissued ) Tj ET Q q 0 0 0 rg BT 400.71 538.05 Td (share ) Tj ET Q q 0 0 0 rg BT 421.55 538.05 Td (for ) Tj ET Q q 0 0 0 rg BT 433.91 538.05 Td (use ) Tj ET Q q 0 0 0 rg BT 447.76 538.05 Td (to ) Tj ET Q q 0 0 0 rg BT 456.62 538.05 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 481.97 538.05 Td (future ) Tj ET Q q 0 0 0 rg BT 505.32 538.05 Td (exercises ) Tj ET Q q 0 0 0 rg BT 540.16 538.05 Td (of ) Tj ET Q q 0 0 0 rg BT 549.51 538.05 Td (options ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 527.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 65.24 527.25 Td (under ) Tj ET Q q 0 0 0 rg BT 87.98 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.22 527.25 Td (scheme. ) Tj ET Q q 0 0 0 rg BT 132.71 527.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 499.65 Td (Further) Tj ET Q q 0 0 0 rg BT 62.13 499.65 Td (, ) Tj ET Q q 0 0 0 rg BT 66.06 499.65 Td (the ) Tj ET Q q 0 0 0 rg BT 78.72 499.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 102.39 499.65 Td (resolved ) Tj ET Q q 0 0 0 rg BT 134.55 499.65 Td (that ) Tj ET Q q 0 0 0 rg BT 149.71 499.65 Td (options ) Tj ET Q q 0 0 0 rg BT 177.89 499.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 206.55 499.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 225.71 499.65 Td (to ) Tj ET Q q 0 0 0 rg BT 234.38 499.65 Td (the ) Tj ET Q q 0 0 0 rg BT 247.05 499.65 Td (listing ) Tj ET Q q 0 0 0 rg BT 271.22 499.65 Td (of ) Tj ET Q q 0 0 0 rg BT 280.39 499.65 Td (the ) Tj ET Q q 0 0 0 rg BT 293.06 499.65 Td (Company) Tj ET Q q 0 0 0 rg BT 330.56 499.65 Td (s ) Tj ET Q q 0 0 0 rg BT 335.73 499.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 359.89 499.65 Td (could ) Tj ET Q q 0 0 0 rg BT 381.56 499.65 Td (be ) Tj ET Q q 0 0 0 rg BT 391.72 499.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 420.38 499.65 Td (at ) Tj ET Q q 0 0 0 rg BT 428.55 499.65 Td (an ) Tj ET Q q 0 0 0 rg BT 438.71 499.65 Td (exercise ) Tj ET Q q 0 0 0 rg BT 469.86 499.65 Td (price ) Tj ET Q q 0 0 0 rg BT 489.52 499.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 510.68 499.65 Td (to ) Tj ET Q q 0 0 0 rg BT 519.35 499.65 Td (the ) Tj ET Q q 0 0 0 rg BT 532.02 499.65 Td (subscription ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 488.85 Td (price ) Tj ET Q q 0 0 0 rg BT 56.09 488.85 Td (in ) Tj ET Q q 0 0 0 rg BT 65.20 488.85 Td (the ) Tj ET Q q 0 0 0 rg BT 78.29 488.85 Td (private ) Tj ET Q q 0 0 0 rg BT 105.39 488.85 Td (placement. ) Tj ET Q q 0 0 0 rg BT 146.72 488.85 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.82 488.85 Td (No) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.82 488.85 Td ( ) Tj ET Q q 0 0 0 rg BT 161.93 488.85 Td (options ) Tj ET Q q 0 0 0 rg BT 190.53 488.85 Td (have ) Tj ET Q q 0 0 0 rg BT 209.63 488.85 Td (been ) Tj ET Q q 0 0 0 rg BT 228.72 488.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 257.81 488.85 Td (under ) Tj ET Q q 0 0 0 rg BT 280.41 488.85 Td (the ) Tj ET Q q 0 0 0 rg BT 293.51 488.85 Td (scheme ) Tj ET Q q 0 0 0 rg BT 322.60 488.85 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.70 488.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.70 488.85 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.06 488.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.06 488.85 Td ( ) Tj ET Q q 0 0 0 rg BT 374.16 488.85 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.76 488.85 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.76 488.85 Td (. ) Tj ET Q q 0 0 0 rg BT 406.12 488.85 Td ( ) Tj ET Q q 0 0 0 rg BT 408.22 488.85 Td (However) Tj ET Q q 0 0 0 rg BT 440.84 488.85 Td (, ) Tj ET Q q 0 0 0 rg BT 445.20 488.85 Td (the ) Tj ET Q q 0 0 0 rg BT 458.30 488.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 495.40 488.85 Td (did ) Tj ET Q q 0 0 0 rg BT 509.00 488.85 Td (recognize ) Tj ET Q q 0 0 0 rg BT 546.08 488.85 Td (a ) Tj ET Q q 0 0 0 rg BT 552.18 488.85 Td (char) Tj ET Q q 0 0 0 rg BT 567.51 488.85 Td (ge ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 478.05 Td (for ) Tj ET Q q 0 0 0 rg BT 48.73 478.05 Td (share ) Tj ET Q q 0 0 0 rg BT 69.95 478.05 Td (options ) Tj ET Q q 0 0 0 rg BT 98.69 478.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 127.91 478.05 Td (at ) Tj ET Q q 0 0 0 rg BT 136.64 478.05 Td (the ) Tj ET Q q 0 0 0 rg BT 149.87 478.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 180.10 478.05 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 194.83 478.05 Td (level ) Tj ET Q q 0 0 0 rg BT 214.56 478.05 Td (related ) Tj ET Q q 0 0 0 rg BT 241.28 478.05 Td (to ) Tj ET Q q 0 0 0 rg BT 250.51 478.05 Td (North ) Tj ET Q q 0 0 0 rg BT 273.25 478.05 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 304.47 478.05 Td (employees ) Tj ET Q q 0 0 0 rg BT 345.20 478.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.93 478.05 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 372.91 478.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.92 478.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.40 478.05 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 421.39 478.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.39 478.05 Td ( ) Tj ET Q q 0 0 0 rg BT 449.62 478.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.85 478.05 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 482.84 478.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.84 478.05 Td ( ) Tj ET Q q 0 0 0 rg BT 511.07 478.05 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.31 478.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.31 478.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.79 478.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.79 478.05 Td ( ) Tj ET Q q 0 0 0 rg BT 563.03 478.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 467.25 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (, ) Tj ET Q q 0 0 0 rg BT 58.50 467.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 101.40 467.25 Td (. ) Tj ET Q q 0 0 0 rg BT 105.90 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.15 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.40 467.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 439.65 Td (In ) Tj ET Q q 0 0 0 rg BT 45.70 439.65 Td (December ) Tj ET Q q 0 0 0 rg BT 84.87 439.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 105.07 439.65 Td (the ) Tj ET Q q 0 0 0 rg BT 118.27 439.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 165.95 439.65 Td (of ) Tj ET Q q 0 0 0 rg BT 175.65 439.65 Td (NADL) Tj ET Q q 0 0 0 rg BT 200.31 439.65 Td ( ) Tj ET Q q 0 0 0 rg BT 202.51 439.65 Td (in ) Tj ET Q q 0 0 0 rg BT 211.71 439.65 Td (a ) Tj ET Q q 0 0 0 rg BT 217.90 439.65 Td (special ) Tj ET Q q 0 0 0 rg BT 245.09 439.65 Td (general ) Tj ET Q q 0 0 0 rg BT 273.77 439.65 Td (meeting ) Tj ET Q q 0 0 0 rg BT 304.96 439.65 Td (approved ) Tj ET Q q 0 0 0 rg BT 340.65 439.65 Td (a ) Tj ET Q q 0 0 0 rg BT 346.84 439.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 373.03 439.65 Td (reor) Tj ET Q q 0 0 0 rg BT 387.35 439.65 Td (ganization ) Tj ET Q q 0 0 0 rg BT 427.04 439.65 Td (including ) Tj ET Q q 0 0 0 rg BT 463.23 439.65 Td (a ) Tj ET Q q 0 0 0 rg BT 469.43 439.65 Td (1-for) Tj ET Q q 0 0 0 rg BT 487.24 439.65 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.24 439.65 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.24 439.65 Td ( ) Tj ET Q q 0 0 0 rg BT 501.44 439.65 Td (reverse ) Tj ET Q q 0 0 0 rg BT 529.62 439.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 550.81 439.65 Td (split ) Tj ET Q q 0 0 0 rg BT 568.52 439.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.85 Td (the ) Tj ET Q q 0 0 0 rg BT 49.35 428.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 91.84 428.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 116.70 428.85 Td (and ) Tj ET Q q 0 0 0 rg BT 132.05 428.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 176.41 428.85 Td (common ) Tj ET Q q 0 0 0 rg BT 210.27 428.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.12 428.85 Td (and ) Tj ET Q q 0 0 0 rg BT 250.47 428.85 Td (reducing ) Tj ET Q q 0 0 0 rg BT 284.32 428.85 Td (par ) Tj ET Q q 0 0 0 rg BT 298.17 428.85 Td (value ) Tj ET Q q 0 0 0 rg BT 320.02 428.85 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.87 428.85 Td ($5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.12 428.85 Td ( ) Tj ET Q q 0 0 0 rg BT 362.48 428.85 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.84 428.85 Td ($0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.09 428.85 Td (. ) Tj ET Q q 0 0 0 rg BT 396.18 428.85 Td (As ) Tj ET Q q 0 0 0 rg BT 408.54 428.85 Td (a ) Tj ET Q q 0 0 0 rg BT 414.90 428.85 Td (result ) Tj ET Q q 0 0 0 rg BT 437.25 428.85 Td (of ) Tj ET Q q 0 0 0 rg BT 447.11 428.85 Td (the ) Tj ET Q q 0 0 0 rg BT 460.47 428.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 486.81 428.85 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 535.15 428.85 Td (the ) Tj ET Q q 0 0 0 rg BT 548.51 428.85 Td (number ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 418.05 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 418.05 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 88.23 418.05 Td (but ) Tj ET Q q 0 0 0 rg BT 101.98 418.05 Td (unissued, ) Tj ET Q q 0 0 0 rg BT 137.98 418.05 Td (share ) Tj ET Q q 0 0 0 rg BT 159.22 418.05 Td (options ) Tj ET Q q 0 0 0 rg BT 187.97 418.05 Td (has ) Tj ET Q q 0 0 0 rg BT 202.22 418.05 Td (been ) Tj ET Q q 0 0 0 rg BT 221.46 418.05 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 253.70 418.05 Td (to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.70 418.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.95 418.05 Td (600,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.20 418.05 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 390.45 Td (Restricted Stock Units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 376.65 Td (On ) Tj ET Q q 0 0 0 rg BT 49.97 376.65 Td (November ) Tj ET Q q 0 0 0 rg BT 90.93 376.65 Td (7, ) Tj ET Q q 0 0 0 rg BT 100.66 376.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 123.88 376.65 Td (the ) Tj ET Q q 0 0 0 rg BT 137.85 376.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 162.82 376.65 Td (of ) Tj ET Q q 0 0 0 rg BT 173.29 376.65 Td (the ) Tj ET Q q 0 0 0 rg BT 187.26 376.65 Td (Companyapproved ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.97 376.65 Td (278,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.22 376.65 Td ( ) Tj ET Q q 0 0 0 rg BT 293.19 376.65 Td (awards ) Tj ET Q q 0 0 0 rg BT 321.66 376.65 Td (under ) Tj ET Q q 0 0 0 rg BT 345.12 376.65 Td (North ) Tj ET Q q 0 0 0 rg BT 368.44 376.65 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 400.40 376.65 Td (Drilling`s ) Tj ET Q q 0 0 0 rg BT 438.37 376.65 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 477.84 376.65 Td (Stock ) Tj ET Q q 0 0 0 rg BT 501.31 376.65 Td (Units ) Tj ET Q q 0 0 0 rg BT 523.79 376.65 Td (\(RSU\) ) Tj ET Q q 0 0 0 rg BT 558.25 376.65 Td (plan. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 365.85 Td (During ) Tj ET Q q 0 0 0 rg BT 63.75 365.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 86.25 365.85 Td (the ) Tj ET Q q 0 0 0 rg BT 99.49 365.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 123.74 365.85 Td (of ) Tj ET Q q 0 0 0 rg BT 133.48 365.85 Td (the ) Tj ET Q q 0 0 0 rg BT 146.73 365.85 Td (Companyapproved ) Tj ET Q q 0 0 0 rg BT 219.71 365.85 Td (a ) Tj ET Q q 0 0 0 rg BT 225.96 365.85 Td (further ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.69 365.85 Td (1,587,719) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.69 365.85 Td ( ) Tj ET Q q 0 0 0 rg BT 290.94 365.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 318.68 365.85 Td (under ) Tj ET Q q 0 0 0 rg BT 341.42 365.85 Td (North ) Tj ET Q q 0 0 0 rg BT 364.17 365.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 395.42 365.85 Td (Drilling`s ) Tj ET Q q 0 0 0 rg BT 432.66 365.85 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 471.40 365.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 494.15 365.85 Td (Units ) Tj ET Q q 0 0 0 rg BT 515.90 365.85 Td (\(RSU\) ) Tj ET Q q 0 0 0 rg BT 549.65 365.85 Td (plan. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 338.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.66 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.82 338.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 95.98 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.64 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.80 338.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 138.71 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.87 338.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 177.03 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.69 338.25 Td (an ) Tj ET Q q 0 0 0 rg BT 197.35 338.25 Td (award ) Tj ET Q q 0 0 0 rg BT 221.50 338.25 Td (is ) Tj ET Q q 0 0 0 rg BT 229.67 338.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 258.83 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.00 338.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 296.14 338.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.30 338.25 Td (share ) Tj ET Q q 0 0 0 rg BT 323.45 338.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.62 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.78 338.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 384.42 338.25 Td (company ) Tj ET Q q 0 0 0 rg BT 419.58 338.25 Td (if ) Tj ET Q q 0 0 0 rg BT 427.24 338.25 Td (still ) Tj ET Q q 0 0 0 rg BT 442.91 338.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 480.57 338.25 Td (at ) Tj ET Q q 0 0 0 rg BT 489.23 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.39 338.25 Td (end ) Tj ET Q q 0 0 0 rg BT 517.55 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.21 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.37 338.25 Td (three ) Tj ET Q q 0 0 0 rg BT 560.52 338.25 Td (year ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 327.45 Td (vesting ) Tj ET Q q 0 0 0 rg BT 64.12 327.45 Td (period. ) Tj ET Q q 0 0 0 rg BT 93.57 327.45 Td (There ) Tj ET Q q 0 0 0 rg BT 116.68 327.45 Td (is ) Tj ET Q q 0 0 0 rg BT 124.80 327.45 Td (no ) Tj ET Q q 0 0 0 rg BT 135.92 327.45 Td (requirement ) Tj ET Q q 0 0 0 rg BT 181.51 327.45 Td (for ) Tj ET Q q 0 0 0 rg BT 194.13 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 207.24 327.45 Td (holder ) Tj ET Q q 0 0 0 rg BT 232.35 327.45 Td (to ) Tj ET Q q 0 0 0 rg BT 241.47 327.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 256.58 327.45 Td (for ) Tj ET Q q 0 0 0 rg BT 269.19 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 282.31 327.45 Td (share ) Tj ET Q q 0 0 0 rg BT 303.41 327.45 Td (on ) Tj ET Q q 0 0 0 rg BT 314.53 327.45 Td (grant ) Tj ET Q q 0 0 0 rg BT 335.14 327.45 Td (date ) Tj ET Q q 0 0 0 rg BT 352.25 327.45 Td (or ) Tj ET Q q 0 0 0 rg BT 361.86 327.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 381.98 327.45 Td (vesting ) Tj ET Q q 0 0 0 rg BT 410.10 327.45 Td (of ) Tj ET Q q 0 0 0 rg BT 419.71 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 432.83 327.45 Td (award. ) Tj ET Q q 0 0 0 rg BT 461.43 327.45 Td (In ) Tj ET Q q 0 0 0 rg BT 471.05 327.45 Td (addition ) Tj ET Q q 0 0 0 rg BT 502.66 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 515.77 327.45 Td (holder ) Tj ET Q q 0 0 0 rg BT 540.88 327.45 Td (is ) Tj ET Q q 0 0 0 rg BT 549.01 327.45 Td (entitled ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 316.65 Td (to ) Tj ET Q q 0 0 0 rg BT 45.25 316.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 73.48 316.65 Td (an ) Tj ET Q q 0 0 0 rg BT 84.22 316.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 113.47 316.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 135.21 316.65 Td (to ) Tj ET Q q 0 0 0 rg BT 144.46 316.65 Td (the ) Tj ET Q q 0 0 0 rg BT 157.70 316.65 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 190.44 316.65 Td (dividends ) Tj ET Q q 0 0 0 rg BT 227.69 316.65 Td (declared ) Tj ET Q q 0 0 0 rg BT 260.42 316.65 Td (and ) Tj ET Q q 0 0 0 rg BT 275.66 316.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 293.41 316.65 Td (on ) Tj ET Q q 0 0 0 rg BT 304.66 316.65 Td (the ) Tj ET Q q 0 0 0 rg BT 317.90 316.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 360.27 316.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 385.01 316.65 Td (during ) Tj ET Q q 0 0 0 rg BT 410.76 316.65 Td (the ) Tj ET Q q 0 0 0 rg BT 424.01 316.65 Td (vesting ) Tj ET Q q 0 0 0 rg BT 452.25 316.65 Td (period.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 289.05 Td (In ) Tj ET Q q 0 0 0 rg BT 45.70 289.05 Td (December ) Tj ET Q q 0 0 0 rg BT 84.87 289.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 105.07 289.05 Td (the ) Tj ET Q q 0 0 0 rg BT 118.27 289.05 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 165.95 289.05 Td (of ) Tj ET Q q 0 0 0 rg BT 175.65 289.05 Td (NADL) Tj ET Q q 0 0 0 rg BT 200.31 289.05 Td ( ) Tj ET Q q 0 0 0 rg BT 202.51 289.05 Td (in ) Tj ET Q q 0 0 0 rg BT 211.71 289.05 Td (a ) Tj ET Q q 0 0 0 rg BT 217.90 289.05 Td (special ) Tj ET Q q 0 0 0 rg BT 245.09 289.05 Td (general ) Tj ET Q q 0 0 0 rg BT 273.77 289.05 Td (meeting ) Tj ET Q q 0 0 0 rg BT 304.96 289.05 Td (approved ) Tj ET Q q 0 0 0 rg BT 340.65 289.05 Td (a ) Tj ET Q q 0 0 0 rg BT 346.84 289.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 373.03 289.05 Td (reor) Tj ET Q q 0 0 0 rg BT 387.35 289.05 Td (ganization ) Tj ET Q q 0 0 0 rg BT 427.04 289.05 Td (including ) Tj ET Q q 0 0 0 rg BT 463.23 289.05 Td (a ) Tj ET Q q 0 0 0 rg BT 469.43 289.05 Td (1-for) Tj ET Q q 0 0 0 rg BT 487.24 289.05 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.24 289.05 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.24 289.05 Td ( ) Tj ET Q q 0 0 0 rg BT 501.44 289.05 Td (reverse ) Tj ET Q q 0 0 0 rg BT 529.62 289.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 550.81 289.05 Td (split ) Tj ET Q q 0 0 0 rg BT 568.52 289.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 49.35 278.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 91.84 278.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 116.70 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.05 278.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 176.41 278.25 Td (common ) Tj ET Q q 0 0 0 rg BT 210.27 278.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.12 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.47 278.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 284.32 278.25 Td (par ) Tj ET Q q 0 0 0 rg BT 298.17 278.25 Td (value ) Tj ET Q q 0 0 0 rg BT 320.02 278.25 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.87 278.25 Td ($5.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.12 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.48 278.25 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.84 278.25 Td ($0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.09 278.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.18 278.25 Td (As ) Tj ET Q q 0 0 0 rg BT 408.54 278.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.90 278.25 Td (result ) Tj ET Q q 0 0 0 rg BT 437.25 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.11 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.47 278.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 486.81 278.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 535.15 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.51 278.25 Td (number ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 267.45 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 267.45 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 69.01 267.45 Td (has ) Tj ET Q q 0 0 0 rg BT 83.25 267.45 Td (been ) Tj ET Q q 0 0 0 rg BT 102.49 267.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 134.74 267.45 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 145.99 267.45 Td (1,571,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.99 267.45 Td ( ) Tj ET Q q 0 0 0 rg BT 184.24 267.45 Td (units.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 239.85 Td (The ) Tj ET Q q 0 0 0 rg BT 52.04 239.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.59 239.85 Td (value ) Tj ET Q q 0 0 0 rg BT 88.13 239.85 Td (of ) Tj ET Q q 0 0 0 rg BT 97.68 239.85 Td (the ) Tj ET Q q 0 0 0 rg BT 110.72 239.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 138.27 239.85 Td (are ) Tj ET Q q 0 0 0 rg BT 151.30 239.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 189.83 239.85 Td (based ) Tj ET Q q 0 0 0 rg BT 212.37 239.85 Td (on ) Tj ET Q q 0 0 0 rg BT 223.43 239.85 Td (the ) Tj ET Q q 0 0 0 rg BT 236.47 239.85 Td (market ) Tj ET Q q 0 0 0 rg BT 263.51 239.85 Td (share ) Tj ET Q q 0 0 0 rg BT 284.55 239.85 Td (price ) Tj ET Q q 0 0 0 rg BT 304.59 239.85 Td (on ) Tj ET Q q 0 0 0 rg BT 315.65 239.85 Td (grant ) Tj ET Q q 0 0 0 rg BT 336.19 239.85 Td (date ) Tj ET Q q 0 0 0 rg BT 353.23 239.85 Td (which ) Tj ET Q q 0 0 0 rg BT 377.28 239.85 Td (was ) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 393.33 246.09 31.75 -8.18 re f /GS0 gs q 0 0 0 rg BT 393.33 239.85 Td (US$9.46) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 425.08 246.09 106.62 -8.18 re f /GS0 gs q 0 0 0 rg BT 425.08 239.85 Td ( ) Tj ET Q q 0 0 0 rg BT 427.14 239.85 Td (for ) Tj ET Q q 0 0 0 rg BT 439.68 239.85 Td (the ) Tj ET Q q 0 0 0 rg BT 452.73 239.85 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 475.79 239.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 500.34 239.85 Td (in ) Tj ET Q q 0 0 0 rg BT 509.40 239.85 Td (2013, ) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 531.70 246.09 31.75 -8.18 re f /GS0 gs q 0 0 0 rg BT 531.70 239.85 Td (US$1.33) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 563.45 246.09 14.80 -8.18 re f /GS0 gs q 0 0 0 rg BT 563.45 239.85 Td ( ) Tj ET Q q 0 0 0 rg BT 565.51 239.85 Td (for ) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 36.00 235.29 131.24 -8.18 re f /GS0 gs q 0 0 0 rg BT 36.00 229.05 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 229.05 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 72.51 229.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 101.74 229.05 Td (in ) Tj ET Q q 0 0 0 rg BT 110.50 229.05 Td (April ) Tj ET Q q 0 0 0 rg BT 131.74 229.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 151.99 229.05 Td (and ) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 167.24 235.29 31.75 -8.18 re f /GS0 gs q 0 0 0 rg BT 167.24 229.05 Td (US$0.37) Tj ET Q BT /F1 9.00 Tf ET 0.9098039215686274 0.9098039215686274 0.9098039215686274 rg /GS0 gs 198.99 235.29 149.46 -8.18 re f /GS0 gs q 0 0 0 rg BT 198.99 229.05 Td ( ) Tj ET Q q 0 0 0 rg BT 201.24 229.05 Td (for ) Tj ET Q q 0 0 0 rg BT 213.99 229.05 Td (the ) Tj ET Q q 0 0 0 rg BT 227.23 229.05 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 250.49 229.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 279.73 229.05 Td (in ) Tj ET Q q 0 0 0 rg BT 288.98 229.05 Td (December ) Tj ET Q q 0 0 0 rg BT 328.21 229.05 Td (2015.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 201.45 Td (The ) Tj ET Q q 0 0 0 rg BT 51.87 201.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.23 201.45 Td (value ) Tj ET Q q 0 0 0 rg BT 87.60 201.45 Td (of ) Tj ET Q q 0 0 0 rg BT 96.97 201.45 Td (the ) Tj ET Q q 0 0 0 rg BT 109.84 201.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 137.20 201.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 171.06 201.45 Td (to ) Tj ET Q q 0 0 0 rg BT 179.94 201.45 Td (vest ) Tj ET Q q 0 0 0 rg BT 196.31 201.45 Td (is ) Tj ET Q q 0 0 0 rg BT 204.19 201.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 245.54 201.45 Td (as ) Tj ET Q q 0 0 0 rg BT 254.91 201.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 306.77 201.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 323.15 201.45 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 368.51 201.45 Td (over ) Tj ET Q q 0 0 0 rg BT 386.38 201.45 Td (the ) Tj ET Q q 0 0 0 rg BT 399.25 201.45 Td (vesting ) Tj ET Q q 0 0 0 rg BT 427.12 201.45 Td (period. ) Tj ET Q q 0 0 0 rg BT 456.08 201.45 Td (All ) Tj ET Q q 0 0 0 rg BT 469.45 201.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 496.82 201.45 Td (are ) Tj ET Q q 0 0 0 rg BT 509.68 201.45 Td (currently ) Tj ET Q q 0 0 0 rg BT 544.04 201.45 Td (expected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 190.65 Td (to ) Tj ET Q q 0 0 0 rg BT 45.85 190.65 Td (vest. ) Tj ET Q q 0 0 0 rg BT 65.46 190.65 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 120.31 190.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 137.66 190.65 Td (related ) Tj ET Q q 0 0 0 rg BT 165.00 190.65 Td (to ) Tj ET Q q 0 0 0 rg BT 174.85 190.65 Td (the ) Tj ET Q q 0 0 0 rg BT 188.70 190.65 Td (RSU ) Tj ET Q q 0 0 0 rg BT 209.06 190.65 Td (plans ) Tj ET Q q 0 0 0 rg BT 230.92 190.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.27 190.65 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 259.87 190.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.87 190.65 Td ( ) Tj ET Q q 0 0 0 rg BT 288.73 190.65 Td (has ) Tj ET Q q 0 0 0 rg BT 303.58 190.65 Td (been ) Tj ET Q q 0 0 0 rg BT 323.42 190.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 365.75 190.65 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.61 190.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.61 190.65 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.71 190.65 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.71 190.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.57 190.65 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 438.17 190.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.17 190.65 Td ( ) Tj ET Q q 0 0 0 rg BT 467.03 190.65 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.88 190.65 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.88 190.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.73 190.65 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 522.34 190.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.34 190.65 Td (. ) Tj ET Q q 0 0 0 rg BT 553.44 190.65 Td ( ) Tj ET Q q 0 0 0 rg BT 555.67 190.65 Td (As ) Tj ET Q q 0 0 0 rg BT 568.52 190.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 179.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 88.90 179.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.90 179.85 Td ( ) Tj ET Q q 0 0 0 rg BT 109.33 179.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.76 179.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 177.66 179.85 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.66 179.85 Td ( ) Tj ET Q q 0 0 0 rg BT 198.09 179.85 Td (there ) Tj ET Q q 0 0 0 rg BT 218.51 179.85 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.93 179.85 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 253.11 179.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.12 179.85 Td ( ) Tj ET Q q 0 0 0 rg BT 281.54 179.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.97 179.85 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 315.15 179.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.15 179.85 Td ( ) Tj ET Q q 0 0 0 rg BT 343.58 179.85 Td (respectively ) Tj ET Q q 0 0 0 rg BT 389.49 179.85 Td (of ) Tj ET Q q 0 0 0 rg BT 399.41 179.85 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 450.32 179.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 502.74 179.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 523.17 179.85 Td (related ) Tj ET Q q 0 0 0 rg BT 550.08 179.85 Td (to ) Tj ET Q q 0 0 0 rg BT 559.51 179.85 Td (non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 169.05 Td (vested ) Tj ET Q q 0 0 0 rg BT 61.24 169.05 Td (awards.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 141.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 141.45 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 141.45 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 141.45 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 154.47 141.45 Td (RSU ) Tj ET Q q 0 0 0 rg BT 174.23 141.45 Td (activity ) Tj ET Q q 0 0 0 rg BT 203.47 141.45 Td (for ) Tj ET Q q 0 0 0 rg BT 216.21 141.45 Td (the ) Tj ET Q q 0 0 0 rg BT 229.46 141.45 Td (years ) Tj ET Q q 0 0 0 rg BT 250.69 141.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 274.43 141.45 Td (December ) Tj ET Q q 0 0 0 rg BT 313.66 141.45 Td (31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.16 141.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.16 141.45 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.66 141.45 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.66 141.45 Td ( ) Tj ET Q q 0 0 0 rg BT 369.91 141.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.15 141.45 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.15 141.45 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 101.95 352.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 101.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 101.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 101.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 101.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 101.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 75.95 352.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 75.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 75.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 75.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 75.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 75.95 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 114.95000000000005 m 448.5 114.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 114.95000000000005 m 452.5 114.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 114.95000000000005 m 512.5 114.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 114.95000000000005 m 576.5 114.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 62.950000000000045 m 448.5 62.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 49.950000000000045 m 448.5 49.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 62.950000000000045 m 512.5 62.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 49.950000000000045 m 512.5 49.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 62.950000000000045 m 576.5 62.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 49.950000000000045 m 576.5 49.950000000000045 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 119.35 Td (Restricted Stock Units) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 119.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.00 119.35 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.00 119.35 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 106.21 Td (Outstanding at beginning of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.75 106.21 Td (253,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 106.21 Td (278,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 106.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 93.21 Td (Granted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 93.21 Td (1,587,719) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 93.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 93.21 Td (278,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 80.21 Td (Forfeited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.25 80.21 Td (\(95,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 80.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.25 80.21 Td (\(24,908) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.00 80.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 80.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 67.21 Td (Adjustment *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.00 67.21 Td (\(1,571,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 67.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 67.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 67.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 54.35 Td (Outstanding at end of year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.75 54.35 Td (174,583) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 54.35 Td (253,870) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 54.35 Td (278,778) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (* ) Tj ET Q q 0 0 0 rg BT 42.25 749.80 Td (Adjustment ) Tj ET Q q 0 0 0 rg BT 86.50 749.80 Td (relates ) Tj ET Q q 0 0 0 rg BT 112.24 749.80 Td (to ) Tj ET Q q 0 0 0 rg BT 121.49 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 134.73 749.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 177.10 749.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 183.85 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 196.60 749.80 Td (10 ) Tj ET Q q 0 0 0 rg BT 207.85 749.80 Td (reverse ) Tj ET Q q 0 0 0 rg BT 236.08 749.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 257.33 749.80 Td (split ) Tj ET Q q 0 0 0 rg BT 275.08 749.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 314.82 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 324.07 749.80 Td (December ) Tj ET Q q 0 0 0 rg BT 363.29 749.80 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 721.00 Td (Note 20 - Pension benefits) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 36 691.991552734375 m 117.50537109375 691.991552734375 l s q 0 0 0 rg BT 36.00 693.40 Td (Defined ) Tj ET Q q 0 0 0 rg BT 68.25 693.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 96.99 693.40 Td (plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 679.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.57 679.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.15 679.60 Td (has ) Tj ET Q q 0 0 0 rg BT 104.72 679.60 Td (several ) Tj ET Q q 0 0 0 rg BT 132.79 679.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 162.35 679.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 189.92 679.60 Td (pension ) Tj ET Q q 0 0 0 rg BT 220.49 679.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 242.07 679.60 Td (covering ) Tj ET Q q 0 0 0 rg BT 276.13 679.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 324.21 679.60 Td (all ) Tj ET Q q 0 0 0 rg BT 335.78 679.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 378.35 679.60 Td (employees. ) Tj ET Q q 0 0 0 rg BT 421.10 679.60 Td (All ) Tj ET Q q 0 0 0 rg BT 435.17 679.60 Td (of) Tj ET Q q 0 0 0 rg BT 442.51 679.60 Td (f ) Tj ET Q q 0 0 0 rg BT 448.08 679.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.66 679.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 483.23 679.60 Td (are ) Tj ET Q q 0 0 0 rg BT 496.80 679.60 Td (administered ) Tj ET Q q 0 0 0 rg BT 545.86 679.60 Td (by ) Tj ET Q q 0 0 0 rg BT 557.44 679.60 Td (a ) Tj ET Q q 0 0 0 rg BT 564.02 679.60 Td (life ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 668.80 Td (insurance ) Tj ET Q q 0 0 0 rg BT 72.78 668.80 Td (company) Tj ET Q q 0 0 0 rg BT 105.19 668.80 Td (. ) Tj ET Q q 0 0 0 rg BT 109.73 668.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 134.52 668.80 Td (these ) Tj ET Q q 0 0 0 rg BT 155.31 668.80 Td (plans, ) Tj ET Q q 0 0 0 rg BT 178.86 668.80 Td (the ) Tj ET Q q 0 0 0 rg BT 192.15 668.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.44 668.80 Td (contributes ) Tj ET Q q 0 0 0 rg BT 271.73 668.80 Td (to ) Tj ET Q q 0 0 0 rg BT 281.03 668.80 Td (the ) Tj ET Q q 0 0 0 rg BT 294.32 668.80 Td (employee) Tj ET Q q 0 0 0 rg BT 331.81 668.80 Td (s ) Tj ET Q q 0 0 0 rg BT 337.61 668.80 Td (pension ) Tj ET Q q 0 0 0 rg BT 367.90 668.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 385.70 668.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 418.49 668.80 Td (ranging ) Tj ET Q q 0 0 0 rg BT 448.28 668.80 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.56 668.80 Td (five) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.55 668.80 Td ( ) Tj ET Q q 0 0 0 rg BT 496.85 668.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.15 668.80 Td (eight) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.14 668.80 Td ( ) Tj ET Q q 0 0 0 rg BT 526.44 668.80 Td (percent ) Tj ET Q q 0 0 0 rg BT 555.22 668.80 Td (of ) Tj ET Q q 0 0 0 rg BT 565.02 668.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 658.00 Td (employee) Tj ET Q q 0 0 0 rg BT 73.49 658.00 Td (s ) Tj ET Q q 0 0 0 rg BT 79.24 658.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 105.48 658.00 Td (salary) Tj ET Q q 0 0 0 rg BT 126.38 658.00 Td (. ) Tj ET Q q 0 0 0 rg BT 130.88 658.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 644.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 630.40 Td (For ) Tj ET Q q 0 0 0 rg BT 50.18 630.40 Td (onshore ) Tj ET Q q 0 0 0 rg BT 80.35 630.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 120.52 630.40 Td (in ) Tj ET Q q 0 0 0 rg BT 129.20 630.40 Td (Norway) Tj ET Q q 0 0 0 rg BT 157.61 630.40 Td (, ) Tj ET Q q 0 0 0 rg BT 161.53 630.40 Td (continuing ) Tj ET Q q 0 0 0 rg BT 201.71 630.40 Td (with ) Tj ET Q q 0 0 0 rg BT 219.39 630.40 Td (the ) Tj ET Q q 0 0 0 rg BT 232.06 630.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 260.73 630.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 290.90 630.40 Td (plan, ) Tj ET Q q 0 0 0 rg BT 310.32 630.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.99 630.40 Td (primary ) Tj ET Q q 0 0 0 rg BT 353.16 630.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 383.33 630.40 Td (are ) Tj ET Q q 0 0 0 rg BT 396.00 630.40 Td (retirement ) Tj ET Q q 0 0 0 rg BT 434.65 630.40 Td (pension ) Tj ET Q q 0 0 0 rg BT 464.33 630.40 Td (of ) Tj ET Q q 0 0 0 rg BT 473.51 630.40 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.17 630.40 Td (66%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.67 630.40 Td ( ) Tj ET Q q 0 0 0 rg BT 545.34 630.40 Td (of ) Tj ET Q q 0 0 0 rg BT 554.52 630.40 Td (salary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.60 Td (at ) Tj ET Q q 0 0 0 rg BT 44.45 619.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 83.38 619.60 Td (age ) Tj ET Q q 0 0 0 rg BT 97.82 619.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.27 619.60 Td (67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.27 619.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.22 619.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 141.41 619.60 Td (together ) Tj ET Q q 0 0 0 rg BT 172.85 619.60 Td (with ) Tj ET Q q 0 0 0 rg BT 190.80 619.60 Td (a ) Tj ET Q q 0 0 0 rg BT 196.74 619.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 234.18 619.60 Td (disability ) Tj ET Q q 0 0 0 rg BT 269.64 619.60 Td (pension. ) Tj ET Q q 0 0 0 rg BT 301.69 619.60 Td (The ) Tj ET Q q 0 0 0 rg BT 317.64 619.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 356.57 619.60 Td (pension ) Tj ET Q q 0 0 0 rg BT 386.52 619.60 Td (per ) Tj ET Q q 0 0 0 rg BT 399.96 619.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 436.90 619.60 Td (is ) Tj ET Q q 0 0 0 rg BT 444.85 619.60 Td (capped ) Tj ET Q q 0 0 0 rg BT 472.28 619.60 Td (at ) Tj ET Q q 0 0 0 rg BT 480.73 619.60 Td (an ) Tj ET Q q 0 0 0 rg BT 491.18 619.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 517.12 619.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 550.06 619.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.51 619.60 Td (66%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 608.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.83 608.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.15 608.80 Td (total ) Tj ET Q q 0 0 0 rg BT 77.48 608.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.31 608.80 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.31 608.80 Td ( ) Tj ET Q q 0 0 0 rg BT 98.64 608.80 Td (times ) Tj ET Q q 0 0 0 rg BT 120.46 608.80 Td (the ) Tj ET Q q 0 0 0 rg BT 133.79 608.80 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 176.11 608.80 Td (Social ) Tj ET Q q 0 0 0 rg BT 200.93 608.80 Td (Security ) Tj ET Q q 0 0 0 rg BT 233.25 608.80 Td (Base. ) Tj ET Q q 0 0 0 rg BT 255.33 608.80 Td (Most ) Tj ET Q q 0 0 0 rg BT 276.16 608.80 Td (employees ) Tj ET Q q 0 0 0 rg BT 316.98 608.80 Td (in ) Tj ET Q q 0 0 0 rg BT 326.31 608.80 Td (this ) Tj ET Q q 0 0 0 rg BT 341.65 608.80 Td (group ) Tj ET Q q 0 0 0 rg BT 364.97 608.80 Td (may ) Tj ET Q q 0 0 0 rg BT 382.80 608.80 Td (choose ) Tj ET Q q 0 0 0 rg BT 410.12 608.80 Td (to ) Tj ET Q q 0 0 0 rg BT 419.45 608.80 Td (retire ) Tj ET Q q 0 0 0 rg BT 440.76 608.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.59 608.80 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.59 608.80 Td ( ) Tj ET Q q 0 0 0 rg BT 460.92 608.80 Td (years ) Tj ET Q q 0 0 0 rg BT 482.24 608.80 Td (of ) Tj ET Q q 0 0 0 rg BT 492.07 608.80 Td (age ) Tj ET Q q 0 0 0 rg BT 506.89 608.80 Td (on ) Tj ET Q q 0 0 0 rg BT 518.22 608.80 Td (a ) Tj ET Q q 0 0 0 rg BT 524.54 608.80 Td (pre-retirement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 598.00 Td (pension. ) Tj ET Q q 0 0 0 rg BT 69.24 598.00 Td (Of) Tj ET Q q 0 0 0 rg BT 78.57 598.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 104.06 598.00 Td (employees ) Tj ET Q q 0 0 0 rg BT 145.54 598.00 Td (in ) Tj ET Q q 0 0 0 rg BT 155.53 598.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 187.51 598.00 Td (have ) Tj ET Q q 0 0 0 rg BT 207.49 598.00 Td (retirement ) Tj ET Q q 0 0 0 rg BT 247.46 598.00 Td (and ) Tj ET Q q 0 0 0 rg BT 263.45 598.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 301.93 598.00 Td (disability ) Tj ET Q q 0 0 0 rg BT 338.42 598.00 Td (pension ) Tj ET Q q 0 0 0 rg BT 369.41 598.00 Td (of ) Tj ET Q q 0 0 0 rg BT 379.90 598.00 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.87 598.00 Td (60%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.37 598.00 Td ( ) Tj ET Q q 0 0 0 rg BT 454.36 598.00 Td (of ) Tj ET Q q 0 0 0 rg BT 464.85 598.00 Td (salary ) Tj ET Q q 0 0 0 rg BT 489.33 598.00 Td (at ) Tj ET Q q 0 0 0 rg BT 498.82 598.00 Td (retirement ) Tj ET Q q 0 0 0 rg BT 538.79 598.00 Td (age ) Tj ET Q q 0 0 0 rg BT 554.27 598.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.76 598.00 Td (67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.76 598.00 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 587.20 Td (Of) Tj ET Q q 0 0 0 rg BT 45.33 587.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 70.08 587.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 110.81 587.20 Td (on ) Tj ET Q q 0 0 0 rg BT 122.06 587.20 Td (mobile ) Tj ET Q q 0 0 0 rg BT 149.31 587.20 Td (units ) Tj ET Q q 0 0 0 rg BT 169.06 587.20 Td (may ) Tj ET Q q 0 0 0 rg BT 186.81 587.20 Td (choose ) Tj ET Q q 0 0 0 rg BT 214.05 587.20 Td (to ) Tj ET Q q 0 0 0 rg BT 223.30 587.20 Td (retire ) Tj ET Q q 0 0 0 rg BT 244.53 587.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.28 587.20 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.28 587.20 Td ( ) Tj ET Q q 0 0 0 rg BT 264.53 587.20 Td (years ) Tj ET Q q 0 0 0 rg BT 285.77 587.20 Td (of ) Tj ET Q q 0 0 0 rg BT 295.51 587.20 Td (age ) Tj ET Q q 0 0 0 rg BT 310.25 587.20 Td (on ) Tj ET Q q 0 0 0 rg BT 321.50 587.20 Td (a ) Tj ET Q q 0 0 0 rg BT 327.75 587.20 Td (pre-retirement ) Tj ET Q q 0 0 0 rg BT 381.47 587.20 Td (pension. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 559.60 Td (Annual pension cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 545.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 545.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 86.98 545.80 Td (for ) Tj ET Q q 0 0 0 rg BT 99.73 545.80 Td (our ) Tj ET Q q 0 0 0 rg BT 113.97 545.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 143.21 545.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 170.45 545.80 Td (pension ) Tj ET Q q 0 0 0 rg BT 200.69 545.80 Td (plans ) Tj ET Q q 0 0 0 rg BT 221.94 545.80 Td (for ) Tj ET Q q 0 0 0 rg BT 234.69 545.80 Td (the ) Tj ET Q q 0 0 0 rg BT 247.93 545.80 Td (years ) Tj ET Q q 0 0 0 rg BT 269.17 545.80 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.91 545.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 345.63 545.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.63 545.80 Td (, ) Tj ET Q q 0 0 0 rg BT 368.13 545.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.38 545.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.38 545.80 Td ( ) Tj ET Q q 0 0 0 rg BT 390.63 545.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.88 545.80 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.88 545.80 Td ( ) Tj ET Q q 0 0 0 rg BT 426.13 545.80 Td (were ) Tj ET Q q 0 0 0 rg BT 445.86 545.80 Td (as ) Tj ET Q q 0 0 0 rg BT 455.61 545.80 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 504.30 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 504.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 504.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 504.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 504.30 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 504.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 476.30 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 476.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 476.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 476.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 476.30 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 476.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 448.30 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 448.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 448.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 448.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 448.30 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 448.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 420.30 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 420.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 420.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 420.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 420.30 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 420.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 392.30 321.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 392.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 392.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 392.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 392.30 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 392.30 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 357.5 518.3 m 427.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 518.3 m 501.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 518.3 m 506.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 518.3 m 576.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 504.3 m 357.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 504.3 m 427.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 518.3 m 431.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 518.3 m 501.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 504.3 m 501.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 518.3 m 506.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 518.3 m 576.5 518.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 504.3 m 576.5 504.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 476.3 m 357.5 476.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 476.3 m 427.5 476.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 476.3 m 431.5 476.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 476.3 m 501.5 476.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 476.3 m 506.5 476.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 476.3 m 576.5 476.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 434.3 m 357.5 434.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 434.3 m 427.5 434.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 434.3 m 431.5 434.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 434.3 m 501.5 434.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 434.3 m 506.5 434.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 434.3 m 576.5 434.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 378.3 m 357.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 365.3 m 357.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 363.3 m 357.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 378.3 m 427.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 365.3 m 427.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 363.3 m 427.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 378.3 m 431.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 365.3 m 431.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 363.3 m 431.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 378.3 m 501.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 365.3 m 501.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 363.3 m 501.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 378.3 m 506.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 365.3 m 506.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 363.3 m 506.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 378.3 m 576.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 365.3 m 576.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 363.3 m 576.5 363.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.65 522.75 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 144.45 508.75 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 508.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 508.75 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.00 508.75 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 494.76 Td (Benefits earned during the year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.25 494.76 Td (12.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.25 494.76 Td (16.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 494.76 Td (14.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 480.76 Td (Interest cost on prior years' benefit obligation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.75 480.76 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 480.76 Td (6.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 480.76 Td (6.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 466.75 Td (Gross pension cost for the year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.25 466.75 Td (15.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 466.75 Td (23.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 466.75 Td (21.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 452.76 Td (Expected return on plan assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.75 452.76 Td (\(3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.00 452.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 452.76 Td (\(5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 452.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 452.76 Td (\(4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 452.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 438.76 Td (Administration charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.75 438.76 Td (0.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 438.76 Td (0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 438.76 Td (0.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 424.75 Td (Net pension cost for the year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.25 424.75 Td (13.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 424.75 Td (18.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 424.75 Td (17.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 410.76 Td (Social security cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.75 410.76 Td (1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 410.76 Td (2.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 410.76 Td (2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 396.76 Td (Amortization of actuarial gains/losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.75 396.76 Td (3.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 396.76 Td (2.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 396.76 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 382.76 Td (Amortization of prior service cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 382.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 382.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 382.76 Td (\(0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 382.76 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 368.75 Td (Total net pension cost) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.25 368.75 Td (18.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 368.75 Td (23.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 368.75 Td (20.5) Tj ET Q BT /F1 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 337.20 Td (The funded status of the defined benefit plan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.25 337.20 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 303.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 303.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 303.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 303.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 275.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 275.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 275.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 275.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 247.70 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 247.70 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 247.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 247.70 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 36.5 303.70000000000005 m 432.5 303.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 303.70000000000005 m 502.5 303.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 303.70000000000005 m 506.5 303.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 303.70000000000005 m 576.5 303.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 275.70000000000005 m 432.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 275.70000000000005 m 502.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 275.70000000000005 m 506.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 275.70000000000005 m 576.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 247.70000000000005 m 432.5 247.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 247.70000000000005 m 502.5 247.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 247.70000000000005 m 506.5 247.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 247.70000000000005 m 576.5 247.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 234.70000000000005 m 432.5 234.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 232.70000000000005 m 432.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 234.70000000000005 m 502.5 234.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 232.70000000000005 m 502.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 234.70000000000005 m 506.5 234.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 232.70000000000005 m 506.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 234.70000000000005 m 576.5 234.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 232.70000000000005 m 576.5 232.70000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 308.15 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 317.15 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 308.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 317.15 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 308.15 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 294.16 Td (Projected benefit obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 294.16 Td (129.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 294.16 Td (186.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 280.16 Td (Plan assets at market value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 280.16 Td (\(97.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 280.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 280.16 Td (\(113.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 280.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 266.16 Td (Accrued pension liability exclusive social security) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 266.16 Td (32.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 266.16 Td (72.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 252.16 Td (Social security related to pension obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 252.16 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 252.16 Td (10.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 238.15 Td (Accrued pension liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 238.15 Td (37.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 238.15 Td (82.9) Tj ET Q BT /F1 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 206.60 Td (Change in benefit obligations) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 156.10 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 156.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 156.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 156.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 128.10 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 128.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 128.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 128.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 100.10 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 100.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 100.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 100.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 72.10 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 72.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 72.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 72.10 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 36.5 170.10000000000002 m 432.5 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 170.10000000000002 m 502.5 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 170.10000000000002 m 506.5 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 170.10000000000002 m 576.5 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 58.10000000000002 m 432.5 58.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 58.10000000000002 m 502.5 58.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 58.10000000000002 m 506.5 58.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 58.10000000000002 m 576.5 58.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 45.10000000000002 m 432.5 45.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 43.10000000000002 m 432.5 43.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 45.10000000000002 m 502.5 45.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 43.10000000000002 m 502.5 43.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 45.10000000000002 m 506.5 45.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 43.10000000000002 m 506.5 43.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 45.10000000000002 m 576.5 45.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 43.10000000000002 m 576.5 43.10000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 174.55 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 183.55 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 174.55 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 183.55 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 174.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 146.56 Td (Benefit obligations at beginning of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 146.56 Td (186.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 146.56 Td (176.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 132.56 Td (Interest cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 132.56 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 132.56 Td (6.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 118.56 Td (Current service cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 118.56 Td (12.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 118.56 Td (14.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 104.56 Td (Benefits paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 104.56 Td (\(1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 104.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 104.56 Td (\(1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 104.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 90.56 Td (Change in unrecognized actuarial loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 90.56 Td (\(20.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 90.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 90.56 Td (23.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 76.56 Td (Settlement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 76.56 Td (\(20.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 76.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 76.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 62.56 Td (Foreign currency translations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 62.56 Td (\(30.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 62.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 62.56 Td (\(32.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 62.56 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 48.55 Td (Benefit obligations at end of year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 48.55 Td (129.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 48.55 Td (186.5) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-31) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (Change in plan assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 685.65 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 685.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 685.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 685.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 657.65 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 657.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 657.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 657.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 629.65 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 629.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 629.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 629.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 601.65 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 601.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 601.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 601.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 573.65 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 573.65 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 573.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 573.65 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 36.5 699.65 m 432.5 699.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 699.65 m 502.5 699.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 699.65 m 506.5 699.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 699.65 m 576.5 699.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 573.65 m 432.5 573.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 573.65 m 502.5 573.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 573.65 m 506.5 573.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 573.65 m 576.5 573.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 560.65 m 432.5 560.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 558.65 m 432.5 558.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 560.65 m 502.5 560.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 558.65 m 502.5 558.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 560.65 m 506.5 560.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 558.65 m 506.5 558.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 560.65 m 576.5 560.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 558.65 m 576.5 558.65 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.95 704.10 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 713.10 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 704.10 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 713.10 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 704.10 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 676.11 Td (Fair value of plan assets at beginning of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 676.11 Td (113.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 676.11 Td (125.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 662.11 Td (Expected return on plan assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 662.11 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 662.11 Td (4.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 648.11 Td (Contribution by employer) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 648.11 Td (11.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 648.11 Td (16.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 634.11 Td (Administration charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 634.11 Td (\(0.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 634.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 634.11 Td (\(0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 634.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 620.11 Td (Benefits paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 620.11 Td (\(1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 620.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 620.11 Td (\(2.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 620.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 606.11 Td (Change in unrecognized actuarial \(loss\) gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 606.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 606.11 Td (\(8.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 606.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 592.11 Td (Settlement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 592.11 Td (\(11.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 592.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 592.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 578.11 Td (Foreign currency translations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 578.11 Td (\(17.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 578.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 578.11 Td (\(22.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 578.11 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 564.10 Td (Fair value of plan assets at end of year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 564.10 Td (97.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 564.10 Td (113.8) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 532.55 Td (The ) Tj ET Q q 0 0 0 rg BT 53.19 532.55 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 101.85 532.55 Td (benefit ) Tj ET Q q 0 0 0 rg BT 130.04 532.55 Td (obligation ) Tj ET Q q 0 0 0 rg BT 169.73 532.55 Td (for ) Tj ET Q q 0 0 0 rg BT 183.41 532.55 Td (all ) Tj ET Q q 0 0 0 rg BT 195.60 532.55 Td (defined ) Tj ET Q q 0 0 0 rg BT 225.78 532.55 Td (benefit ) Tj ET Q q 0 0 0 rg BT 253.97 532.55 Td (pension ) Tj ET Q q 0 0 0 rg BT 285.16 532.55 Td (plans ) Tj ET Q q 0 0 0 rg BT 307.35 532.55 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.54 532.55 Td ($101.1 ) Tj ET Q q 0 0 0 rg BT 352.48 532.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.48 532.55 Td ( ) Tj ET Q q 0 0 0 rg BT 381.68 532.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.87 532.55 Td ($146.4 ) Tj ET Q q 0 0 0 rg BT 425.81 532.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.81 532.55 Td ( ) Tj ET Q q 0 0 0 rg BT 455.01 532.55 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.70 532.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 518.37 532.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.37 532.55 Td ( ) Tj ET Q q 0 0 0 rg BT 539.56 532.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.75 532.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.75 532.55 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 521.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 78.90 521.75 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 494.15 Td (Pension ) Tj ET Q q 0 0 0 rg BT 66.37 494.15 Td (obligations ) Tj ET Q q 0 0 0 rg BT 108.24 494.15 Td (are ) Tj ET Q q 0 0 0 rg BT 121.09 494.15 Td (actuarially ) Tj ET Q q 0 0 0 rg BT 160.93 494.15 Td (determined ) Tj ET Q q 0 0 0 rg BT 203.28 494.15 Td (and ) Tj ET Q q 0 0 0 rg BT 218.14 494.15 Td (are ) Tj ET Q q 0 0 0 rg BT 231.00 494.15 Td (critically ) Tj ET Q q 0 0 0 rg BT 264.85 494.15 Td (af) Tj ET Q q 0 0 0 rg BT 271.68 494.15 Td (fected ) Tj ET Q q 0 0 0 rg BT 295.52 494.15 Td (by ) Tj ET Q q 0 0 0 rg BT 306.39 494.15 Td (the ) Tj ET Q q 0 0 0 rg BT 319.25 494.15 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 365.62 494.15 Td (used, ) Tj ET Q q 0 0 0 rg BT 386.24 494.15 Td (including ) Tj ET Q q 0 0 0 rg BT 422.10 494.15 Td (the ) Tj ET Q q 0 0 0 rg BT 434.96 494.15 Td (expected ) Tj ET Q q 0 0 0 rg BT 468.81 494.15 Td (return ) Tj ET Q q 0 0 0 rg BT 492.16 494.15 Td (on ) Tj ET Q q 0 0 0 rg BT 503.03 494.15 Td (plan ) Tj ET Q q 0 0 0 rg BT 520.39 494.15 Td (assets, ) Tj ET Q q 0 0 0 rg BT 545.50 494.15 Td (discount ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 483.35 Td (rates, ) Tj ET Q q 0 0 0 rg BT 57.06 483.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.86 483.35 Td (increases ) Tj ET Q q 0 0 0 rg BT 143.66 483.35 Td (and ) Tj ET Q q 0 0 0 rg BT 158.48 483.35 Td (employee ) Tj ET Q q 0 0 0 rg BT 195.28 483.35 Td (turnover ) Tj ET Q q 0 0 0 rg BT 227.59 483.35 Td (rates. ) Tj ET Q q 0 0 0 rg BT 248.51 483.35 Td (The ) Tj ET Q q 0 0 0 rg BT 264.32 483.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 301.14 483.35 Td (periodically ) Tj ET Q q 0 0 0 rg BT 345.94 483.35 Td (reviews ) Tj ET Q q 0 0 0 rg BT 375.75 483.35 Td (the ) Tj ET Q q 0 0 0 rg BT 388.56 483.35 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 434.88 483.35 Td (used, ) Tj ET Q q 0 0 0 rg BT 455.45 483.35 Td (and ) Tj ET Q q 0 0 0 rg BT 470.26 483.35 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 497.08 483.35 Td (them ) Tj ET Q q 0 0 0 rg BT 516.90 483.35 Td (and ) Tj ET Q q 0 0 0 rg BT 531.71 483.35 Td (the ) Tj ET Q q 0 0 0 rg BT 544.52 483.35 Td (recorded ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 472.55 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 71.75 472.55 Td (as ) Tj ET Q q 0 0 0 rg BT 81.49 472.55 Td (necessary) Tj ET Q q 0 0 0 rg BT 115.89 472.55 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 444.95 Td (During ) Tj ET Q q 0 0 0 rg BT 63.36 444.95 Td (the ) Tj ET Q q 0 0 0 rg BT 76.22 444.95 Td (year ) Tj ET Q q 0 0 0 rg BT 93.57 444.95 Td (a ) Tj ET Q q 0 0 0 rg BT 99.42 444.95 Td (number ) Tj ET Q q 0 0 0 rg BT 128.78 444.95 Td (of ) Tj ET Q q 0 0 0 rg BT 138.14 444.95 Td (employees ) Tj ET Q q 0 0 0 rg BT 178.49 444.95 Td (left ) Tj ET Q q 0 0 0 rg BT 192.34 444.95 Td (the ) Tj ET Q q 0 0 0 rg BT 205.20 444.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.06 444.95 Td (and ) Tj ET Q q 0 0 0 rg BT 256.92 444.95 Td (as ) Tj ET Q q 0 0 0 rg BT 266.27 444.95 Td (a ) Tj ET Q q 0 0 0 rg BT 272.13 444.95 Td (result ) Tj ET Q q 0 0 0 rg BT 293.99 444.95 Td (the ) Tj ET Q q 0 0 0 rg BT 306.85 444.95 Td (defined ) Tj ET Q q 0 0 0 rg BT 335.70 444.95 Td (benefit ) Tj ET Q q 0 0 0 rg BT 362.55 444.95 Td (scheme ) Tj ET Q q 0 0 0 rg BT 391.39 444.95 Td (transferred ) Tj ET Q q 0 0 0 rg BT 432.23 444.95 Td (the ) Tj ET Q q 0 0 0 rg BT 445.09 444.95 Td (pension ) Tj ET Q q 0 0 0 rg BT 474.95 444.95 Td (liability ) Tj ET Q q 0 0 0 rg BT 504.81 444.95 Td (for ) Tj ET Q q 0 0 0 rg BT 517.17 444.95 Td (these ) Tj ET Q q 0 0 0 rg BT 537.52 444.95 Td (employees ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 434.15 Td (to ) Tj ET Q q 0 0 0 rg BT 45.40 434.15 Td (the ) Tj ET Q q 0 0 0 rg BT 58.79 434.15 Td (life ) Tj ET Q q 0 0 0 rg BT 73.19 434.15 Td (insurance ) Tj ET Q q 0 0 0 rg BT 110.07 434.15 Td (company ) Tj ET Q q 0 0 0 rg BT 145.46 434.15 Td (administering ) Tj ET Q q 0 0 0 rg BT 197.35 434.15 Td (the ) Tj ET Q q 0 0 0 rg BT 210.74 434.15 Td (scheme. ) Tj ET Q q 0 0 0 rg BT 242.38 434.15 Td ( ) Tj ET Q q 0 0 0 rg BT 244.61 434.15 Td (The ) Tj ET Q q 0 0 0 rg BT 261.00 434.15 Td (dif) Tj ET Q q 0 0 0 rg BT 270.83 434.15 Td (ference ) Tj ET Q q 0 0 0 rg BT 299.71 434.15 Td (between ) Tj ET Q q 0 0 0 rg BT 332.09 434.15 Td (the ) Tj ET Q q 0 0 0 rg BT 345.48 434.15 Td (reduction ) Tj ET Q q 0 0 0 rg BT 381.87 434.15 Td (in ) Tj ET Q q 0 0 0 rg BT 391.27 434.15 Td (benefit ) Tj ET Q q 0 0 0 rg BT 418.66 434.15 Td (obligation ) Tj ET Q q 0 0 0 rg BT 457.55 434.15 Td (and ) Tj ET Q q 0 0 0 rg BT 472.95 434.15 Td (the ) Tj ET Q q 0 0 0 rg BT 486.34 434.15 Td (plan ) Tj ET Q q 0 0 0 rg BT 504.24 434.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 527.63 434.15 Td (transferred ) Tj ET Q q 0 0 0 rg BT 569.01 434.15 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 423.35 Td (the ) Tj ET Q q 0 0 0 rg BT 49.39 423.35 Td (life ) Tj ET Q q 0 0 0 rg BT 63.78 423.35 Td (insurance ) Tj ET Q q 0 0 0 rg BT 100.67 423.35 Td (company ) Tj ET Q q 0 0 0 rg BT 136.06 423.35 Td (has ) Tj ET Q q 0 0 0 rg BT 150.45 423.35 Td (been ) Tj ET Q q 0 0 0 rg BT 169.84 423.35 Td (recognized ) Tj ET Q q 0 0 0 rg BT 211.71 423.35 Td (within ) Tj ET Q q 0 0 0 rg BT 237.11 423.35 Td ("Other ) Tj ET Q q 0 0 0 rg BT 263.68 423.35 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 320.55 423.35 Td (income". ) Tj ET Q q 0 0 0 rg BT 355.37 423.35 Td ( ) Tj ET Q q 0 0 0 rg BT 357.59 423.35 Td (The ) Tj ET Q q 0 0 0 rg BT 373.98 423.35 Td (settlement ) Tj ET Q q 0 0 0 rg BT 413.37 423.35 Td (is ) Tj ET Q q 0 0 0 rg BT 421.77 423.35 Td (not ) Tj ET Q q 0 0 0 rg BT 435.67 423.35 Td (deemed ) Tj ET Q q 0 0 0 rg BT 466.05 423.35 Td (to ) Tj ET Q q 0 0 0 rg BT 475.45 423.35 Td (be ) Tj ET Q q 0 0 0 rg BT 486.34 423.35 Td (significant ) Tj ET Q q 0 0 0 rg BT 526.73 423.35 Td (in ) Tj ET Q q 0 0 0 rg BT 536.13 423.35 Td (the ) Tj ET Q q 0 0 0 rg BT 549.53 423.35 Td (context ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 412.55 Td (of ) Tj ET Q q 0 0 0 rg BT 45.75 412.55 Td (the ) Tj ET Q q 0 0 0 rg BT 58.99 412.55 Td (overall ) Tj ET Q q 0 0 0 rg BT 86.23 412.55 Td (scheme ) Tj ET Q q 0 0 0 rg BT 115.47 412.55 Td (and ) Tj ET Q q 0 0 0 rg BT 130.71 412.55 Td (as ) Tj ET Q q 0 0 0 rg BT 140.46 412.55 Td (such ) Tj ET Q q 0 0 0 rg BT 159.21 412.55 Td (net ) Tj ET Q q 0 0 0 rg BT 172.45 412.55 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 223.18 412.55 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 256.40 412.55 Td (losses ) Tj ET Q q 0 0 0 rg BT 280.16 412.55 Td (have ) Tj ET Q q 0 0 0 rg BT 299.40 412.55 Td (not ) Tj ET Q q 0 0 0 rg BT 313.15 412.55 Td (been ) Tj ET Q q 0 0 0 rg BT 332.38 412.55 Td (recycled ) Tj ET Q q 0 0 0 rg BT 365.11 412.55 Td (as ) Tj ET Q q 0 0 0 rg BT 374.86 412.55 Td (a ) Tj ET Q q 0 0 0 rg BT 381.10 412.55 Td (result ) Tj ET Q q 0 0 0 rg BT 403.35 412.55 Td (of ) Tj ET Q q 0 0 0 rg BT 413.09 412.55 Td (the ) Tj ET Q q 0 0 0 rg BT 426.34 412.55 Td (settlement.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 384.95 Td (The ) Tj ET Q q 0 0 0 rg BT 51.43 384.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 84.85 384.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 99.77 384.95 Td (of ) Tj ET Q q 0 0 0 rg BT 108.71 384.95 Td (return ) Tj ET Q q 0 0 0 rg BT 131.63 384.95 Td (on ) Tj ET Q q 0 0 0 rg BT 142.07 384.95 Td (plan ) Tj ET Q q 0 0 0 rg BT 159.01 384.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 181.44 384.95 Td (and ) Tj ET Q q 0 0 0 rg BT 195.87 384.95 Td (the ) Tj ET Q q 0 0 0 rg BT 208.31 384.95 Td (discount ) Tj ET Q q 0 0 0 rg BT 240.24 384.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 255.17 384.95 Td (applied ) Tj ET Q q 0 0 0 rg BT 283.10 384.95 Td (to ) Tj ET Q q 0 0 0 rg BT 291.53 384.95 Td (projected ) Tj ET Q q 0 0 0 rg BT 326.45 384.95 Td (benefits ) Tj ET Q q 0 0 0 rg BT 356.38 384.95 Td (are ) Tj ET Q q 0 0 0 rg BT 368.81 384.95 Td (particularly ) Tj ET Q q 0 0 0 rg BT 411.72 384.95 Td (important ) Tj ET Q q 0 0 0 rg BT 448.16 384.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 474.08 384.95 Td (in ) Tj ET Q q 0 0 0 rg BT 482.52 384.95 Td (calculating ) Tj ET Q q 0 0 0 rg BT 523.44 384.95 Td (the ) Tj ET Q q 0 0 0 rg BT 535.87 384.95 Td (Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 374.15 Td (pension ) Tj ET Q q 0 0 0 rg BT 65.88 374.15 Td (expense ) Tj ET Q q 0 0 0 rg BT 96.74 374.15 Td (and ) Tj ET Q q 0 0 0 rg BT 111.61 374.15 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 149.10 374.15 Td (The ) Tj ET Q q 0 0 0 rg BT 164.97 374.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.84 374.15 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 237.20 374.15 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 283.58 374.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 319.94 374.15 Td (the ) Tj ET Q q 0 0 0 rg BT 332.82 374.15 Td (estimated ) Tj ET Q q 0 0 0 rg BT 369.18 374.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 384.55 374.15 Td (of ) Tj ET Q q 0 0 0 rg BT 393.92 374.15 Td (return ) Tj ET Q q 0 0 0 rg BT 417.29 374.15 Td (on ) Tj ET Q q 0 0 0 rg BT 428.17 374.15 Td (plan ) Tj ET Q q 0 0 0 rg BT 445.54 374.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 468.41 374.15 Td (based ) Tj ET Q q 0 0 0 rg BT 490.78 374.15 Td (on ) Tj ET Q q 0 0 0 rg BT 501.66 374.15 Td (historical ) Tj ET Q q 0 0 0 rg BT 537.03 374.15 Td (experience ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 363.35 Td (and ) Tj ET Q q 0 0 0 rg BT 51.15 363.35 Td (future ) Tj ET Q q 0 0 0 rg BT 74.79 363.35 Td (expectations ) Tj ET Q q 0 0 0 rg BT 121.92 363.35 Td (on ) Tj ET Q q 0 0 0 rg BT 133.08 363.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 174.72 363.35 Td (returns, ) Tj ET Q q 0 0 0 rg BT 204.12 363.35 Td (which ) Tj ET Q q 0 0 0 rg BT 228.26 363.35 Td (are ) Tj ET Q q 0 0 0 rg BT 241.40 363.35 Td (calculated ) Tj ET Q q 0 0 0 rg BT 280.03 363.35 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 312.18 363.35 Td (the ) Tj ET Q q 0 0 0 rg BT 325.33 363.35 Td (asset ) Tj ET Q q 0 0 0 rg BT 344.97 363.35 Td (allocation ) Tj ET Q q 0 0 0 rg BT 382.61 363.35 Td (classes ) Tj ET Q q 0 0 0 rg BT 409.75 363.35 Td (held ) Tj ET Q q 0 0 0 rg BT 427.40 363.35 Td (by ) Tj ET Q q 0 0 0 rg BT 438.55 363.35 Td (the ) Tj ET Q q 0 0 0 rg BT 451.70 363.35 Td (plan's ) Tj ET Q q 0 0 0 rg BT 474.47 363.35 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 513.72 363.35 Td (The ) Tj ET Q q 0 0 0 rg BT 529.86 363.35 Td (discount ) Tj ET Q q 0 0 0 rg BT 562.51 363.35 Td (rate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 352.55 Td (is ) Tj ET Q q 0 0 0 rg BT 44.63 352.55 Td (based ) Tj ET Q q 0 0 0 rg BT 67.76 352.55 Td (on ) Tj ET Q q 0 0 0 rg BT 79.39 352.55 Td (the ) Tj ET Q q 0 0 0 rg BT 93.01 352.55 Td (covered ) Tj ET Q q 0 0 0 rg BT 124.12 352.55 Td (bond ) Tj ET Q q 0 0 0 rg BT 144.75 352.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 160.87 352.55 Td (in ) Tj ET Q q 0 0 0 rg BT 170.50 352.55 Td (Norway) Tj ET Q q 0 0 0 rg BT 198.91 352.55 Td (. ) Tj ET Q q 0 0 0 rg BT 203.79 352.55 Td (Changes ) Tj ET Q q 0 0 0 rg BT 237.41 352.55 Td (in ) Tj ET Q q 0 0 0 rg BT 247.04 352.55 Td (these ) Tj ET Q q 0 0 0 rg BT 268.17 352.55 Td (and ) Tj ET Q q 0 0 0 rg BT 283.79 352.55 Td (other ) Tj ET Q q 0 0 0 rg BT 304.91 352.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 352.05 352.55 Td (used ) Tj ET Q q 0 0 0 rg BT 371.17 352.55 Td (in ) Tj ET Q q 0 0 0 rg BT 380.81 352.55 Td (the ) Tj ET Q q 0 0 0 rg BT 394.43 352.55 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 428.04 352.55 Td (computations ) Tj ET Q q 0 0 0 rg BT 479.16 352.55 Td (could ) Tj ET Q q 0 0 0 rg BT 501.79 352.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 528.91 352.55 Td (the ) Tj ET Q q 0 0 0 rg BT 542.53 352.55 Td (projected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 341.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 63.24 341.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 107.74 341.75 Td (pension ) Tj ET Q q 0 0 0 rg BT 137.98 341.75 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 175.98 341.75 Td (pension ) Tj ET Q q 0 0 0 rg BT 206.23 341.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 237.46 341.75 Td (and ) Tj ET Q q 0 0 0 rg BT 252.71 341.75 Td (other ) Tj ET Q q 0 0 0 rg BT 273.45 341.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 330.18 341.75 Td (income.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 286.45 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 286.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 286.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 286.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 286.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 286.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 258.45 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 258.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 258.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 258.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 258.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 258.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 230.45 322.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 230.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 230.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 230.45 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 230.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 230.45 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 36.5 300.45000000000005 m 358.5 300.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 300.45000000000005 m 428.5 300.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 300.45000000000005 m 432.5 300.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 300.45000000000005 m 502.5 300.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 300.45000000000005 m 506.5 300.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 300.45000000000005 m 576.5 300.45000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 304.90 Td (Assumptions used in calculation of pension obligations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 304.90 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 304.90 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.00 304.90 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 276.91 Td (Rate of compensation increase at the end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 276.91 Td (2.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 276.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 276.91 Td (2.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 276.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 276.91 Td (3.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 276.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 262.91 Td (Discount rate at the end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 262.91 Td (2.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 262.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 262.91 Td (2.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 262.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 262.91 Td (4.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 262.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 248.91 Td (Prescribed pension index factor) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 248.91 Td (1.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 248.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 248.91 Td (1.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 248.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 248.91 Td (1.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 248.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 234.91 Td (Expected return on plan assets for the year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 234.91 Td (3.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 234.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 234.91 Td (3.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 234.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 234.91 Td (4.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 234.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 220.91 Td (Employee turnover) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 220.91 Td (4.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 220.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 220.91 Td (4.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 220.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 220.91 Td (4.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 220.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 206.91 Td (Expected increases in Social Security Base) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 206.91 Td (2.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 206.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 206.91 Td (2.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 206.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 206.91 Td (3.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 206.91 Td (%) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.35 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 175.35 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 118.45 175.35 Td (asset ) Tj ET Q q 0 0 0 rg BT 138.20 175.35 Td (allocation ) Tj ET Q q 0 0 0 rg BT 175.94 175.35 Td (of ) Tj ET Q q 0 0 0 rg BT 185.68 175.35 Td (funds ) Tj ET Q q 0 0 0 rg BT 207.93 175.35 Td (related ) Tj ET Q q 0 0 0 rg BT 234.66 175.35 Td (to ) Tj ET Q q 0 0 0 rg BT 243.91 175.35 Td (the ) Tj ET Q q 0 0 0 rg BT 257.16 175.35 Td (Company's ) Tj ET Q q 0 0 0 rg BT 299.53 175.35 Td (defined ) Tj ET Q q 0 0 0 rg BT 328.77 175.35 Td (benefit ) Tj ET Q q 0 0 0 rg BT 356.01 175.35 Td (plan ) Tj ET Q q 0 0 0 rg BT 373.75 175.35 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 175.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 435.22 175.35 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.22 175.35 Td ( ) Tj ET Q q 0 0 0 rg BT 455.47 175.35 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.72 175.35 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.72 175.35 Td ( ) Tj ET Q q 0 0 0 rg BT 490.97 175.35 Td (was ) Tj ET Q q 0 0 0 rg BT 507.21 175.35 Td (as ) Tj ET Q q 0 0 0 rg BT 516.96 175.35 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 133.85 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 133.85 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 133.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 133.85 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 105.85 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 105.85 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 105.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 105.85 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 77.85 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 77.85 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 77.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 77.85 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 36.5 147.85000000000002 m 432.5 147.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 147.85000000000002 m 502.5 147.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 147.85000000000002 m 506.5 147.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 147.85000000000002 m 576.5 147.85000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 152.30 Td (Pension benefit plan assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 152.30 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.00 152.30 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 138.31 Td (Equity securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 138.31 Td (6.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 138.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 138.31 Td (7.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 138.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 124.31 Td (Debt securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 124.31 Td (47.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 124.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 124.31 Td (53.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 124.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 110.31 Td (Real estate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 110.31 Td (14.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 110.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 110.31 Td (15.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 110.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 96.31 Td (Money market) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 96.31 Td (25.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 96.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 96.31 Td (22.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 96.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 82.31 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 82.31 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 82.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 82.31 Td (2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 82.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 68.31 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 68.31 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 68.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 68.31 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 68.31 Td (%) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.91 749.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 93.32 749.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 123.23 749.80 Td (and ) Tj ET Q q 0 0 0 rg BT 138.15 749.80 Td (strategies ) Tj ET Q q 0 0 0 rg BT 174.05 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 186.47 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 199.38 749.80 Td (pension ) Tj ET Q q 0 0 0 rg BT 229.30 749.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 256.20 749.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 273.61 749.80 Td (funds ) Tj ET Q q 0 0 0 rg BT 295.53 749.80 Td (do ) Tj ET Q q 0 0 0 rg BT 306.45 749.80 Td (not ) Tj ET Q q 0 0 0 rg BT 319.87 749.80 Td (use ) Tj ET Q q 0 0 0 rg BT 333.79 749.80 Td (tar) Tj ET Q q 0 0 0 rg BT 343.12 749.80 Td (get ) Tj ET Q q 0 0 0 rg BT 356.03 749.80 Td (allocations ) Tj ET Q q 0 0 0 rg BT 396.94 749.80 Td (for ) Tj ET Q q 0 0 0 rg BT 409.35 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 422.26 749.80 Td (individual ) Tj ET Q q 0 0 0 rg BT 460.68 749.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 480.09 749.80 Td (categories. ) Tj ET Q q 0 0 0 rg BT 520.60 749.80 Td (The ) Tj ET Q q 0 0 0 rg BT 536.51 749.80 Td (investment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (objectives ) Tj ET Q q 0 0 0 rg BT 74.94 739.00 Td (are ) Tj ET Q q 0 0 0 rg BT 88.39 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 97.84 739.00 Td (maximize ) Tj ET Q q 0 0 0 rg BT 135.78 739.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 163.23 739.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 191.18 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 200.63 739.00 Td (specific ) Tj ET Q q 0 0 0 rg BT 231.07 739.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 247.03 739.00 Td (management ) Tj ET Q q 0 0 0 rg BT 295.47 739.00 Td (policies. ) Tj ET Q q 0 0 0 rg BT 327.99 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 344.43 739.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 381.89 739.00 Td (diversifies ) Tj ET Q q 0 0 0 rg BT 421.83 739.00 Td (its ) Tj ET Q q 0 0 0 rg BT 432.79 739.00 Td (allocation ) Tj ET Q q 0 0 0 rg BT 470.73 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 480.69 739.00 Td (plan ) Tj ET Q q 0 0 0 rg BT 498.64 739.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 522.09 739.00 Td (by ) Tj ET Q q 0 0 0 rg BT 533.54 739.00 Td (investing ) Tj ET Q q 0 0 0 rg BT 569.00 739.00 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (both ) Tj ET Q q 0 0 0 rg BT 54.12 728.20 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.73 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 103.84 728.20 Td (international ) Tj ET Q q 0 0 0 rg BT 151.44 728.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 172.04 728.20 Td (income ) Tj ET Q q 0 0 0 rg BT 200.65 728.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 236.75 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 251.87 728.20 Td (domestic ) Tj ET Q q 0 0 0 rg BT 286.48 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 301.59 728.20 Td (international ) Tj ET Q q 0 0 0 rg BT 349.19 728.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 373.80 728.20 Td (securities. ) Tj ET Q q 0 0 0 rg BT 412.00 728.20 Td (These ) Tj ET Q q 0 0 0 rg BT 435.60 728.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 480.72 728.20 Td (are ) Tj ET Q q 0 0 0 rg BT 493.82 728.20 Td (readily ) Tj ET Q q 0 0 0 rg BT 520.92 728.20 Td (marketable ) Tj ET Q q 0 0 0 rg BT 563.01 728.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (can ) Tj ET Q q 0 0 0 rg BT 50.75 717.40 Td (be ) Tj ET Q q 0 0 0 rg BT 61.51 717.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 78.77 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 88.04 717.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 106.80 717.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 134.04 717.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 167.30 717.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 209.56 717.40 Td (as ) Tj ET Q q 0 0 0 rg BT 219.32 717.40 Td (they ) Tj ET Q q 0 0 0 rg BT 237.08 717.40 Td (become ) Tj ET Q q 0 0 0 rg BT 267.32 717.40 Td (payable. ) Tj ET Q q 0 0 0 rg BT 299.65 717.40 Td (The ) Tj ET Q q 0 0 0 rg BT 315.91 717.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 352.66 717.40 Td (yearly ) Tj ET Q q 0 0 0 rg BT 377.41 717.40 Td (return ) Tj ET Q q 0 0 0 rg BT 401.16 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 412.42 717.40 Td (pension ) Tj ET Q q 0 0 0 rg BT 442.68 717.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 465.94 717.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.20 717.40 Td (3.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.95 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 503.21 717.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.47 717.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.47 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 532.73 717.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.99 717.40 Td (3.2%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.74 717.40 Td ( ) Tj ET Q q 0 0 0 rg BT 569.00 717.40 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 706.60 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 679.00 Td (Cash flows - Contributions expected to be paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 651.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.79 651.40 Td (table ) Tj ET Q q 0 0 0 rg BT 73.08 651.40 Td (below ) Tj ET Q q 0 0 0 rg BT 97.88 651.40 Td (shows ) Tj ET Q q 0 0 0 rg BT 123.18 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 136.97 651.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 179.89 651.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 214.67 651.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 241.46 651.40 Td (pension ) Tj ET Q q 0 0 0 rg BT 272.26 651.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 290.55 651.40 Td (contributions ) Tj ET Q q 0 0 0 rg BT 340.85 651.40 Td (under ) Tj ET Q q 0 0 0 rg BT 364.14 651.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 393.93 651.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 421.71 651.40 Td (plans ) Tj ET Q q 0 0 0 rg BT 443.51 651.40 Td (for ) Tj ET Q q 0 0 0 rg BT 456.80 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 470.60 651.40 Td (years ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.39 651.40 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.39 651.40 Td (-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.38 651.40 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.38 651.40 Td (. ) Tj ET Q q 0 0 0 rg BT 527.23 651.40 Td (The ) Tj ET Q q 0 0 0 rg BT 544.02 651.40 Td (expected ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 71.91 640.60 Td (are ) Tj ET Q q 0 0 0 rg BT 84.31 640.60 Td (based ) Tj ET Q q 0 0 0 rg BT 106.21 640.60 Td (on ) Tj ET Q q 0 0 0 rg BT 116.63 640.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.04 640.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 174.95 640.60 Td (used ) Tj ET Q q 0 0 0 rg BT 192.86 640.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.28 640.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 232.68 640.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.09 640.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 286.62 640.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 328.04 640.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.94 640.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 387.83 640.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.83 640.60 Td ( ) Tj ET Q q 0 0 0 rg BT 407.25 640.60 Td (and ) Tj ET Q q 0 0 0 rg BT 421.66 640.60 Td (include ) Tj ET Q q 0 0 0 rg BT 449.56 640.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 485.46 640.60 Td (future ) Tj ET Q q 0 0 0 rg BT 508.37 640.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 544.77 640.60 Td (services.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 590.30 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 590.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 562.30 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 562.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 534.30 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 534.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 506.30 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 506.30 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 36.5 590.3 m 506.5 590.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 590.3 m 576.5 590.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 590.3 m 506.5 590.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 506.3 m 506.5 506.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 506.3 m 576.5 506.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 493.3 m 506.5 493.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 491.3 m 506.5 491.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 493.3 m 576.5 493.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 491.3 m 576.5 491.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 218.95 594.75 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.10 603.75 Td (Years ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 594.75 Td (December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 580.76 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 580.76 Td (11.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 566.76 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 566.76 Td (12.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 552.76 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 552.76 Td (12.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 538.76 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 538.76 Td (12.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 524.76 Td (2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 524.76 Td (12.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 510.76 Td (2021 - 10.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 510.76 Td (69.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 496.75 Td (Total payments expected during the next 10 years) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 496.75 Td (131.3) Tj ET Q BT /F1 9.00 Tf ET BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 36 449.991552734375 m 139.0166015625 449.991552734375 l s q 0 0 0 rg BT 36.00 451.40 Td (Defined ) Tj ET Q q 0 0 0 rg BT 68.25 451.40 Td (contribution ) Tj ET Q q 0 0 0 rg BT 118.50 451.40 Td (plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.60 Td (In ) Tj ET Q q 0 0 0 rg BT 45.44 437.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.12 437.60 Td (the ) Tj ET Q q 0 0 0 rg BT 92.06 437.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.00 437.60 Td (has ) Tj ET Q q 0 0 0 rg BT 142.94 437.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 171.86 437.60 Td (contribution ) Tj ET Q q 0 0 0 rg BT 217.80 437.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 238.73 437.60 Td (for ) Tj ET Q q 0 0 0 rg BT 251.17 437.60 Td (all ) Tj ET Q q 0 0 0 rg BT 262.11 437.60 Td (new ) Tj ET Q q 0 0 0 rg BT 279.04 437.60 Td (onshore ) Tj ET Q q 0 0 0 rg BT 309.47 437.60 Td (employees. ) Tj ET Q q 0 0 0 rg BT 352.01 437.60 Td (T) Tj ET Q q 0 0 0 rg BT 356.88 437.60 Td (otal ) Tj ET Q q 0 0 0 rg BT 372.32 437.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 408.75 437.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.69 437.60 Td (this ) Tj ET Q q 0 0 0 rg BT 432.63 437.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 450.07 437.60 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 437.60 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 487.19 437.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.19 437.60 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.38 437.60 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 535.07 437.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.07 437.60 Td ( ) Tj ET Q q 0 0 0 rg BT 563.01 437.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 426.80 Td ($1.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 426.80 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 426.80 Td (million ) Tj ET Q q 0 0 0 rg BT 82.25 426.80 Td (for ) Tj ET Q q 0 0 0 rg BT 95.00 426.80 Td (the ) Tj ET Q q 0 0 0 rg BT 108.24 426.80 Td (years ) Tj ET Q q 0 0 0 rg BT 129.48 426.80 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.22 426.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 205.95 426.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.95 426.80 Td (, ) Tj ET Q q 0 0 0 rg BT 228.45 426.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.70 426.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.70 426.80 Td ( ) Tj ET Q q 0 0 0 rg BT 250.95 426.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.19 426.80 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.19 426.80 Td (, ) Tj ET Q q 0 0 0 rg BT 288.69 426.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 331.58 426.80 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 398.00 Td (Note 21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 398.00 Td ( Related party transactions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 370.40 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 370.40 Td (e ) Tj ET Q q 0 0 0 rg BT 50.59 370.40 Td (are ) Tj ET Q q 0 0 0 rg BT 64.40 370.40 Td (a ) Tj ET Q q 0 0 0 rg BT 71.22 370.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 104.54 370.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 131.36 370.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 171.18 370.40 Td (of ) Tj ET Q q 0 0 0 rg BT 181.50 370.40 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 214.57 370.40 Td (which ) Tj ET Q q 0 0 0 rg BT 239.39 370.40 Td (owns ) Tj ET Q q 0 0 0 rg BT 261.22 370.40 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.03 370.40 Td (70.4%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.27 370.40 Td ( ) Tj ET Q q 0 0 0 rg BT 342.10 370.40 Td (of ) Tj ET Q q 0 0 0 rg BT 352.42 370.40 Td (our ) Tj ET Q q 0 0 0 rg BT 367.24 370.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 412.06 370.40 Td (common ) Tj ET Q q 0 0 0 rg BT 446.39 370.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 471.70 370.40 Td (as ) Tj ET Q q 0 0 0 rg BT 482.02 370.40 Td (of ) Tj ET Q q 0 0 0 rg BT 492.34 370.40 Td (the ) Tj ET Q q 0 0 0 rg BT 506.16 370.40 Td (date ) Tj ET Q q 0 0 0 rg BT 523.98 370.40 Td (of ) Tj ET Q q 0 0 0 rg BT 534.30 370.40 Td (this ) Tj ET Q q 0 0 0 rg BT 549.51 370.40 Td (Annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 359.60 Td (Report. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.45 359.60 Td (The ) Tj ET Q q 0 0 0 rg BT 80.29 359.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.13 359.60 Td (transacts ) Tj ET Q q 0 0 0 rg BT 150.45 359.60 Td (business ) Tj ET Q q 0 0 0 rg BT 182.80 359.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.64 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.48 359.60 Td (following ) Tj ET Q q 0 0 0 rg BT 250.32 359.60 Td (related ) Tj ET Q q 0 0 0 rg BT 276.64 359.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 304.72 359.60 Td (being ) Tj ET Q q 0 0 0 rg BT 326.56 359.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 366.88 359.60 Td (in ) Tj ET Q q 0 0 0 rg BT 375.73 359.60 Td (which ) Tj ET Q q 0 0 0 rg BT 399.56 359.60 Td (are ) Tj ET Q q 0 0 0 rg BT 412.39 359.60 Td (af) Tj ET Q q 0 0 0 rg BT 419.22 359.60 Td (filiated ) Tj ET Q q 0 0 0 rg BT 446.55 359.60 Td (with ) Tj ET Q q 0 0 0 rg BT 464.39 359.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 494.23 359.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.06 359.60 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 544.02 359.60 Td (principal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 348.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 80.23 348.80 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 108.47 348.80 Td (Holding ) Tj ET Q q 0 0 0 rg BT 140.22 348.80 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 154.97 348.80 Td (\(hereafter ) Tj ET Q q 0 0 0 rg BT 192.19 348.80 Td (jointly ) Tj ET Q q 0 0 0 rg BT 217.94 348.80 Td (referred ) Tj ET Q q 0 0 0 rg BT 248.66 348.80 Td (to ) Tj ET Q q 0 0 0 rg BT 257.91 348.80 Td (as ) Tj ET Q q 0 0 0 rg BT 267.66 348.80 Td ("Hemen"\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 335.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 335.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 102.24 335.00 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 321.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 321.20 Td (Ship ) Tj ET Q q 0 0 0 rg BT 90.76 321.20 Td (Finance ) Tj ET Q q 0 0 0 rg BT 121.50 321.20 Td (International ) Tj ET Q q 0 0 0 rg BT 169.73 321.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 200.47 321.20 Td (\("Ship ) Tj ET Q q 0 0 0 rg BT 225.90 321.20 Td (Finance"\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 307.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 307.40 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 108.24 307.40 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 143.49 307.40 Td (Inc ) Tj ET Q q 0 0 0 rg BT 157.24 307.40 Td (\("Metrogas"\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 293.60 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 293.60 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 107.25 293.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 156.48 293.60 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 197.71 293.60 Td (Limited ) Tj ET Q q 0 0 0 rg BT 228.46 293.60 Td (\("Frontline"\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 279.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 279.80 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 113.23 279.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 162.47 279.80 Td (Norway ) Tj ET Q q 0 0 0 rg BT 193.21 279.80 Td (AS ) Tj ET Q q 0 0 0 rg BT 206.96 279.80 Td (\("Seatankers"\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 266.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 266.00 Td (Archer ) Tj ET Q q 0 0 0 rg BT 99.23 266.00 Td (Limited ) Tj ET Q q 0 0 0 rg BT 129.98 266.00 Td (\("Archer"\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 252.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 252.20 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 96.24 252.20 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 126.99 252.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 157.74 252.20 Td (\("Sevan"\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 224.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 224.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.49 224.60 Td (has ) Tj ET Q q 0 0 0 rg BT 103.74 224.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 132.47 224.60 Td (into ) Tj ET Q q 0 0 0 rg BT 148.72 224.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.96 224.60 Td (following ) Tj ET Q q 0 0 0 rg BT 199.21 224.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 239.45 224.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 282.68 224.60 Td (with ) Tj ET Q q 0 0 0 rg BT 300.93 224.60 Td (related ) Tj ET Q q 0 0 0 rg BT 327.67 224.60 Td (parties:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 195.80 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 195.80 Td (ransactions with Seadrill) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 168.20 Td ($500 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 82.76 168.20 Td ( 7.75% Bond) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 154.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.36 154.40 Td (April ) Tj ET Q q 0 0 0 rg BT 66.75 154.40 Td (201) Tj ET Q q 0 0 0 rg BT 79.91 154.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 86.80 154.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.19 154.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.57 154.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 162.46 154.40 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.85 154.40 Td ($500 ) Tj ET Q q 0 0 0 rg BT 189.24 154.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.24 154.40 Td ( ) Tj ET Q q 0 0 0 rg BT 217.63 154.40 Td (bond ) Tj ET Q q 0 0 0 rg BT 238.02 154.40 Td (with ) Tj ET Q q 0 0 0 rg BT 256.41 154.40 Td (a ) Tj ET Q q 0 0 0 rg BT 262.79 154.40 Td (fixed ) Tj ET Q q 0 0 0 rg BT 283.68 154.40 Td (coupon ) Tj ET Q q 0 0 0 rg BT 312.56 154.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 328.44 154.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.32 154.40 Td (7.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.57 154.40 Td ( ) Tj ET Q q 0 0 0 rg BT 363.96 154.40 Td (per ) Tj ET Q q 0 0 0 rg BT 377.84 154.40 Td (annum, ) Tj ET Q q 0 0 0 rg BT 406.98 154.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 437.35 154.40 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 490.73 154.40 Td (in ) Tj ET Q q 0 0 0 rg BT 500.12 154.40 Td (arrears. ) Tj ET Q q 0 0 0 rg BT 529.23 154.40 Td ( ) Tj ET Q q 0 0 0 rg BT 531.62 154.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 562.01 154.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 143.60 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 143.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 74.49 143.60 Td (of ) Tj ET Q q 0 0 0 rg BT 84.23 143.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.48 143.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 120.22 143.60 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 146.06 143.60 Td (The ) Tj ET Q q 0 0 0 rg BT 162.30 143.60 Td (bond ) Tj ET Q q 0 0 0 rg BT 182.55 143.60 Td (was ) Tj ET Q q 0 0 0 rg BT 198.80 143.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 223.53 143.60 Td (on ) Tj ET Q q 0 0 0 rg BT 234.78 143.60 Td (January ) Tj ET Q q 0 0 0 rg BT 265.02 143.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 278.52 143.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 301.02 143.60 Td (including ) Tj ET Q q 0 0 0 rg BT 337.27 143.60 Td (a ) Tj ET Q q 0 0 0 rg BT 343.51 143.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 382.75 143.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 417.49 143.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.24 143.60 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 449.74 143.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.74 143.60 Td (, ) Tj ET Q q 0 0 0 rg BT 480.24 143.60 Td (which ) Tj ET Q q 0 0 0 rg BT 504.49 143.60 Td (was ) Tj ET Q q 0 0 0 rg BT 520.73 143.60 Td (settled ) Tj ET Q q 0 0 0 rg BT 546.48 143.60 Td (in ) Tj ET Q q 0 0 0 rg BT 555.73 143.60 Td (cash. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 116.00 Td ($600 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 82.76 116.00 Td ( 6.25% Senior Unsecured Notes due 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 102.20 Td (In ) Tj ET Q q 0 0 0 rg BT 45.76 102.20 Td (January ) Tj ET Q q 0 0 0 rg BT 76.02 102.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 96.28 102.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.54 102.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.81 102.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 171.57 102.20 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.83 102.20 Td ($600 ) Tj ET Q q 0 0 0 rg BT 198.10 102.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.10 102.20 Td ( ) Tj ET Q q 0 0 0 rg BT 226.37 102.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 252.13 102.20 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 292.88 102.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 316.14 102.20 Td (with ) Tj ET Q q 0 0 0 rg BT 334.41 102.20 Td (a ) Tj ET Q q 0 0 0 rg BT 340.67 102.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 361.43 102.20 Td (coupon ) Tj ET Q q 0 0 0 rg BT 390.19 102.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.95 102.20 Td (6.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.20 102.20 Td ( ) Tj ET Q q 0 0 0 rg BT 425.46 102.20 Td (per ) Tj ET Q q 0 0 0 rg BT 439.22 102.20 Td (annum, ) Tj ET Q q 0 0 0 rg BT 468.23 102.20 Td (and ) Tj ET Q q 0 0 0 rg BT 483.49 102.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 516.25 102.20 Td (in ) Tj ET Q q 0 0 0 rg BT 525.51 102.20 Td (January ) Tj ET Q q 0 0 0 rg BT 555.77 102.20 Td (2019. ) Tj ET Q q 0 0 0 rg BT 578.27 102.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 91.40 Td (As ) Tj ET Q q 0 0 0 rg BT 48.98 91.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.46 91.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.92 91.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.92 91.40 Td ( ) Tj ET Q q 0 0 0 rg BT 133.90 91.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 164.88 91.40 Td (was ) Tj ET Q q 0 0 0 rg BT 181.86 91.40 Td (the ) Tj ET Q q 0 0 0 rg BT 195.83 91.40 Td (holder ) Tj ET Q q 0 0 0 rg BT 221.81 91.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.29 91.40 Td (31.1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.53 91.40 Td ( ) Tj ET Q q 0 0 0 rg BT 258.52 91.40 Td (of ) Tj ET Q q 0 0 0 rg BT 268.99 91.40 Td (the ) Tj ET Q q 0 0 0 rg BT 282.97 91.40 Td (notes, ) Tj ET Q q 0 0 0 rg BT 307.20 91.40 Td (which ) Tj ET Q q 0 0 0 rg BT 332.18 91.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 365.66 91.40 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.64 91.40 Td ($186.6 ) Tj ET Q q 0 0 0 rg BT 403.37 91.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.37 91.40 Td ( ) Tj ET Q q 0 0 0 rg BT 432.36 91.40 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.35 91.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 488.81 91.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.81 91.40 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.29 91.40 Td (31.1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.54 91.40 Td (, ) Tj ET Q q 0 0 0 rg BT 540.77 91.40 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 91.40 Td ($186.6 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 80.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 80.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 69.50 80.60 Td ( ) Tj ET Q q 0 0 0 rg BT 71.75 80.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 100.99 80.60 Td (due ) Tj ET Q q 0 0 0 rg BT 116.23 80.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.48 80.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 155.72 80.60 Td (for ) Tj ET Q q 0 0 0 rg BT 168.47 80.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.71 80.60 Td (year ) Tj ET Q q 0 0 0 rg BT 199.45 80.60 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.19 80.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.92 80.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.92 80.60 Td ( ) Tj ET Q q 0 0 0 rg BT 296.17 80.60 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.41 80.60 Td ($1) Tj ET Q q 0 0 0 rg BT 321.08 80.60 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 334.58 80.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.58 80.60 Td ( ) Tj ET Q q 0 0 0 rg BT 362.83 80.60 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.83 80.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 418.55 80.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.55 80.60 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.30 80.60 Td ($8.9 ) Tj ET Q q 0 0 0 rg BT 459.30 80.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.31 80.60 Td (\). ) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-33) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td ($85 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 78.26 749.95 Td ( Seadrill Revolving Credit Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.29 736.15 Td (provided ) Tj ET Q q 0 0 0 rg BT 100.58 736.15 Td (the ) Tj ET Q q 0 0 0 rg BT 113.88 736.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 151.17 736.15 Td (an ) Tj ET Q q 0 0 0 rg BT 161.96 736.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 200.75 736.15 Td (revolving ) Tj ET Q q 0 0 0 rg BT 237.54 736.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 260.32 736.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 288.11 736.15 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.91 736.15 Td ($200 ) Tj ET Q q 0 0 0 rg BT 318.20 736.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.21 736.15 Td ( ) Tj ET Q q 0 0 0 rg BT 346.50 736.15 Td (in ) Tj ET Q q 0 0 0 rg BT 355.80 736.15 Td (March ) Tj ET Q q 0 0 0 rg BT 381.59 736.15 Td (2012. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.97 736.15 Td (The ) Tj ET Q q 0 0 0 rg BT 420.26 736.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 448.05 736.15 Td (was ) Tj ET Q q 0 0 0 rg BT 464.34 736.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 500.62 736.15 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.41 736.15 Td ($200 ) Tj ET Q q 0 0 0 rg BT 540.71 736.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.72 736.15 Td ( ) Tj ET Q q 0 0 0 rg BT 569.01 736.15 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td ($335 ) Tj ET Q q 0 0 0 rg BT 56.57 725.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.57 725.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.14 725.35 Td (on ) Tj ET Q q 0 0 0 rg BT 96.71 725.35 Td (June ) Tj ET Q q 0 0 0 rg BT 115.78 725.35 Td (28, ) Tj ET Q q 0 0 0 rg BT 129.60 725.35 Td (2013, ) Tj ET Q q 0 0 0 rg BT 152.42 725.35 Td (and ) Tj ET Q q 0 0 0 rg BT 167.98 725.35 Td (then ) Tj ET Q q 0 0 0 rg BT 186.05 725.35 Td (decreased ) Tj ET Q q 0 0 0 rg BT 224.09 725.35 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.66 725.35 Td ($85 ) Tj ET Q q 0 0 0 rg BT 249.73 725.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.73 725.35 Td ( ) Tj ET Q q 0 0 0 rg BT 278.30 725.35 Td (on ) Tj ET Q q 0 0 0 rg BT 289.87 725.35 Td (November ) Tj ET Q q 0 0 0 rg BT 330.43 725.35 Td (20, ) Tj ET Q q 0 0 0 rg BT 344.25 725.35 Td (2013. ) Tj ET Q q 0 0 0 rg BT 366.88 725.35 Td (The ) Tj ET Q q 0 0 0 rg BT 383.44 725.35 Td (terms ) Tj ET Q q 0 0 0 rg BT 406.01 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 416.08 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 429.64 725.35 Td (remaining ) Tj ET Q q 0 0 0 rg BT 468.70 725.35 Td (facility ) Tj ET Q q 0 0 0 rg BT 496.76 725.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.82 725.35 Td ($85 ) Tj ET Q q 0 0 0 rg BT 522.89 725.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.90 725.35 Td ( ) Tj ET Q q 0 0 0 rg BT 551.47 725.35 Td (are ) Tj ET Q q 0 0 0 rg BT 565.02 725.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (same ) Tj ET Q q 0 0 0 rg BT 55.85 714.55 Td (as ) Tj ET Q q 0 0 0 rg BT 64.70 714.55 Td (stated ) Tj ET Q q 0 0 0 rg BT 87.04 714.55 Td (in ) Tj ET Q q 0 0 0 rg BT 95.40 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 107.75 714.55 Td (original ) Tj ET Q q 0 0 0 rg BT 137.09 714.55 Td (agreement ) Tj ET Q q 0 0 0 rg BT 175.92 714.55 Td (dated ) Tj ET Q q 0 0 0 rg BT 196.77 714.55 Td (March ) Tj ET Q q 0 0 0 rg BT 221.61 714.55 Td (30, ) Tj ET Q q 0 0 0 rg BT 234.21 714.55 Td (2012. ) Tj ET Q q 0 0 0 rg BT 255.81 714.55 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.87 714.55 Td (Aggregate ) Tj ET Q q 0 0 0 rg BT 295.70 714.55 Td (draw ) Tj ET Q q 0 0 0 rg BT 315.05 714.55 Td (downs ) Tj ET Q q 0 0 0 rg BT 339.90 714.55 Td (and ) Tj ET Q q 0 0 0 rg BT 354.25 714.55 Td (repayments ) Tj ET Q q 0 0 0 rg BT 397.09 714.55 Td (on ) Tj ET Q q 0 0 0 rg BT 407.44 714.55 Td (this ) Tj ET Q q 0 0 0 rg BT 421.80 714.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 448.64 714.55 Td (during ) Tj ET Q q 0 0 0 rg BT 473.49 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 485.84 714.55 Td (year ) Tj ET Q q 0 0 0 rg BT 502.68 714.55 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.52 714.55 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 56.37 703.75 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.23 703.75 Td ($0 ) Tj ET Q q 0 0 0 rg BT 87.60 703.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.61 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 115.98 703.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.35 703.75 Td ($0 ) Tj ET Q q 0 0 0 rg BT 142.72 703.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.72 703.75 Td (, ) Tj ET Q q 0 0 0 rg BT 173.35 703.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 216.24 703.75 Td (. ) Tj ET Q q 0 0 0 rg BT 220.69 703.75 Td (The ) Tj ET Q q 0 0 0 rg BT 237.06 703.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.92 703.75 Td (of ) Tj ET Q q 0 0 0 rg BT 275.79 703.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 703.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 317.02 703.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.39 703.75 Td (Libor) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.39 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 355.76 703.75 Td (plus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.14 703.75 Td (3.00%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.38 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 398.76 703.75 Td (per ) Tj ET Q q 0 0 0 rg BT 412.62 703.75 Td (annum. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.74 703.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 471.10 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 486.47 703.75 Td (commitment ) Tj ET Q q 0 0 0 rg BT 534.33 703.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 547.69 703.75 Td (char) Tj ET Q q 0 0 0 rg BT 563.01 703.75 Td (ged ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.95 Td (relating ) Tj ET Q q 0 0 0 rg BT 65.38 692.95 Td (to ) Tj ET Q q 0 0 0 rg BT 74.27 692.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.16 692.95 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 131.04 692.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 148.42 692.95 Td (from ) Tj ET Q q 0 0 0 rg BT 167.81 692.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 197.70 692.95 Td (for ) Tj ET Q q 0 0 0 rg BT 210.09 692.95 Td (the ) Tj ET Q q 0 0 0 rg BT 222.97 692.95 Td (year ) Tj ET Q q 0 0 0 rg BT 240.35 692.95 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.74 692.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 316.10 692.95 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.10 692.95 Td ( ) Tj ET Q q 0 0 0 rg BT 336.00 692.95 Td ( ) Tj ET Q q 0 0 0 rg BT 337.89 692.95 Td (amounted ) Tj ET Q q 0 0 0 rg BT 375.27 692.95 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.17 692.95 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 401.81 692.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.81 692.95 Td ( ) Tj ET Q q 0 0 0 rg BT 429.71 692.95 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.70 692.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 485.07 692.95 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.07 692.95 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.47 692.95 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 525.11 692.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.11 692.95 Td (\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 692.95 Td ( ) Tj ET Q q 0 0 0 rg BT 560.01 692.95 Td (This ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 682.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 58.74 682.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 86.48 682.15 Td (matured ) Tj ET Q q 0 0 0 rg BT 118.21 682.15 Td (on ) Tj ET Q q 0 0 0 rg BT 129.46 682.15 Td (January ) Tj ET Q q 0 0 0 rg BT 159.70 682.15 Td (30, ) Tj ET Q q 0 0 0 rg BT 173.20 682.15 Td (2015. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 654.55 Td (NOK ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 57.25 654.55 Td (1,500 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 106.26 654.55 Td ( Senior Unsecured Bond) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.75 Td (On ) Tj ET Q q 0 0 0 rg BT 49.03 640.75 Td (October ) Tj ET Q q 0 0 0 rg BT 80.05 640.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 93.34 640.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 115.62 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.65 640.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.68 640.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 190.21 640.75 Td (a ) Tj ET Q q 0 0 0 rg BT 196.24 640.75 Td (NOK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.74 640.75 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 238.03 640.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.03 640.75 Td ( ) Tj ET Q q 0 0 0 rg BT 266.06 640.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 291.59 640.75 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 332.11 640.75 Td (Bond ) Tj ET Q q 0 0 0 rg BT 353.65 640.75 Td (with ) Tj ET Q q 0 0 0 rg BT 371.68 640.75 Td (maturity ) Tj ET Q q 0 0 0 rg BT 404.21 640.75 Td (date ) Tj ET Q q 0 0 0 rg BT 421.23 640.75 Td (October ) Tj ET Q q 0 0 0 rg BT 452.25 640.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 474.39 640.75 Td (The ) Tj ET Q q 0 0 0 rg BT 490.41 640.75 Td (bond ) Tj ET Q q 0 0 0 rg BT 510.45 640.75 Td (bears ) Tj ET Q q 0 0 0 rg BT 531.47 640.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 559.99 640.75 Td (at ) Tj ET Q q 0 0 0 rg BT 568.52 640.75 Td (3-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 629.95 Td (months ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.02 629.95 Td (NIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.02 629.95 Td ( ) Tj ET Q q 0 0 0 rg BT 93.54 629.95 Td (plus ) Tj ET Q q 0 0 0 rg BT 110.06 629.95 Td (a ) Tj ET Q q 0 0 0 rg BT 115.57 629.95 Td (mar) Tj ET Q q 0 0 0 rg BT 129.40 629.95 Td (gin ) Tj ET Q q 0 0 0 rg BT 142.41 629.95 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.43 629.95 Td (4.40%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.67 629.95 Td (. ) Tj ET Q q 0 0 0 rg BT 178.44 629.95 Td ( ) Tj ET Q q 0 0 0 rg BT 179.85 629.95 Td (The ) Tj ET Q q 0 0 0 rg BT 195.35 629.95 Td (net ) Tj ET Q q 0 0 0 rg BT 207.87 629.95 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 241.37 629.95 Td (were ) Tj ET Q q 0 0 0 rg BT 260.37 629.95 Td (used ) Tj ET Q q 0 0 0 rg BT 278.38 629.95 Td (to ) Tj ET Q q 0 0 0 rg BT 286.90 629.95 Td (repay ) Tj ET Q q 0 0 0 rg BT 308.40 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 320.91 629.95 Td (remaining ) Tj ET Q q 0 0 0 rg BT 358.92 629.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 402.43 629.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 430.94 629.95 Td (under ) Tj ET Q q 0 0 0 rg BT 452.95 629.95 Td (our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.46 629.95 Td ($85 ) Tj ET Q q 0 0 0 rg BT 481.48 629.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.48 629.95 Td ( ) Tj ET Q q 0 0 0 rg BT 509.00 629.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 538.51 629.95 Td (Revolving ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 619.15 Td (Credit ) Tj ET Q q 0 0 0 rg BT 60.50 619.15 Td (Facility) Tj ET Q q 0 0 0 rg BT 87.42 619.15 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.68 619.15 Td ( ) Tj ET Q q 0 0 0 rg BT 93.69 619.15 Td (During ) Tj ET Q q 0 0 0 rg BT 121.19 619.15 Td (fourth ) Tj ET Q q 0 0 0 rg BT 145.20 619.15 Td (quarter ) Tj ET Q q 0 0 0 rg BT 172.69 619.15 Td (of ) Tj ET Q q 0 0 0 rg BT 182.20 619.15 Td (2014, ) Tj ET Q q 0 0 0 rg BT 204.45 619.15 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 234.46 619.15 Td (purchased ) Tj ET Q q 0 0 0 rg BT 272.95 619.15 Td (in ) Tj ET Q q 0 0 0 rg BT 281.96 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 294.96 619.15 Td (open ) Tj ET Q q 0 0 0 rg BT 314.47 619.15 Td (market ) Tj ET Q q 0 0 0 rg BT 341.46 619.15 Td (an ) Tj ET Q q 0 0 0 rg BT 351.97 619.15 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 388.95 619.15 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.46 619.15 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.21 619.15 Td ( ) Tj ET Q q 0 0 0 rg BT 419.22 619.15 Td (ownership ) Tj ET Q q 0 0 0 rg BT 458.72 619.15 Td (in ) Tj ET Q q 0 0 0 rg BT 467.73 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 480.73 619.15 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.24 619.15 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 524.50 619.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 619.15 Td ( ) Tj ET Q q 0 0 0 rg BT 552.51 619.15 Td (Senior ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 608.35 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 75.95 608.35 Td (Bond ) Tj ET Q q 0 0 0 rg BT 96.91 608.35 Td (equal ) Tj ET Q q 0 0 0 rg BT 117.87 608.35 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.33 608.35 Td ($1) Tj ET Q q 0 0 0 rg BT 135.00 608.35 Td (1 ) Tj ET Q q 0 0 0 rg BT 140.96 608.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.96 608.35 Td (. ) Tj ET Q q 0 0 0 rg BT 170.67 608.35 Td ( ) Tj ET Q q 0 0 0 rg BT 172.14 608.35 Td ( ) Tj ET Q q 0 0 0 rg BT 173.60 608.35 Td ( ) Tj ET Q q 0 0 0 rg BT 174.74 608.35 Td (As ) Tj ET Q q 0 0 0 rg BT 186.21 608.35 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.17 608.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 246.10 608.35 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.10 608.35 Td (, ) Tj ET Q q 0 0 0 rg BT 267.82 608.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 297.27 608.35 Td (is ) Tj ET Q q 0 0 0 rg BT 304.74 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 317.20 608.35 Td (holder ) Tj ET Q q 0 0 0 rg BT 341.66 608.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.62 608.35 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.36 608.35 Td ( ) Tj ET Q q 0 0 0 rg BT 370.83 608.35 Td (of ) Tj ET Q q 0 0 0 rg BT 379.79 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 392.25 608.35 Td (bond, ) Tj ET Q q 0 0 0 rg BT 413.96 608.35 Td (which ) Tj ET Q q 0 0 0 rg BT 437.42 608.35 Td (amounts ) Tj ET Q q 0 0 0 rg BT 469.38 608.35 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.84 608.35 Td ($9.4 ) Tj ET Q q 0 0 0 rg BT 495.06 608.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.06 608.35 Td ( ) Tj ET Q q 0 0 0 rg BT 522.52 608.35 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.52 608.35 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 597.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 597.55 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.75 597.55 Td (5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.50 597.55 Td ( ) Tj ET Q q 0 0 0 rg BT 79.75 597.55 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.49 597.55 Td ($1) Tj ET Q q 0 0 0 rg BT 98.16 597.55 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 111.66 597.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.66 597.55 Td (\). ) Tj ET Q q 0 0 0 rg BT 145.16 597.55 Td ( ) Tj ET Q q 0 0 0 rg BT 147.41 597.55 Td (Interest ) Tj ET Q q 0 0 0 rg BT 176.65 597.55 Td (due ) Tj ET Q q 0 0 0 rg BT 191.89 597.55 Td (to ) Tj ET Q q 0 0 0 rg BT 201.14 597.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 231.39 597.55 Td (for ) Tj ET Q q 0 0 0 rg BT 244.13 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 257.37 597.55 Td (year ) Tj ET Q q 0 0 0 rg BT 275.11 597.55 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.85 597.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.58 597.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.58 597.55 Td ( ) Tj ET Q q 0 0 0 rg BT 371.83 597.55 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.07 597.55 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 406.07 597.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.07 597.55 Td ( ) Tj ET Q q 0 0 0 rg BT 434.32 597.55 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.32 597.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 490.05 597.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.05 597.55 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.80 597.55 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.30 597.55 Td (\).) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 569.95 Td (Financial covenants and debt guarantees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 556.15 Td (In ) Tj ET Q q 0 0 0 rg BT 45.12 556.15 Td (February ) Tj ET Q q 0 0 0 rg BT 79.22 556.15 Td (2015, ) Tj ET Q q 0 0 0 rg BT 101.09 556.15 Td (the ) Tj ET Q q 0 0 0 rg BT 113.70 556.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.32 556.15 Td (received ) Tj ET Q q 0 0 0 rg BT 182.41 556.15 Td (approval ) Tj ET Q q 0 0 0 rg BT 215.52 556.15 Td (from ) Tj ET Q q 0 0 0 rg BT 234.63 556.15 Td (its ) Tj ET Q q 0 0 0 rg BT 244.75 556.15 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 286.36 556.15 Td (Bondholders ) Tj ET Q q 0 0 0 rg BT 333.97 556.15 Td (to ) Tj ET Q q 0 0 0 rg BT 342.59 556.15 Td (amend ) Tj ET Q q 0 0 0 rg BT 368.20 556.15 Td (the ) Tj ET Q q 0 0 0 rg BT 380.81 556.15 Td (Bond ) Tj ET Q q 0 0 0 rg BT 401.58 556.15 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 443.18 556.15 Td (for ) Tj ET Q q 0 0 0 rg BT 455.29 556.15 Td (its ) Tj ET Q q 0 0 0 rg BT 465.41 556.15 Td (NOK ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.53 556.15 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 508.40 556.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.40 556.15 Td ( ) Tj ET Q q 0 0 0 rg BT 536.02 556.15 Td (Norwegian ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 545.35 Td (Bond ) Tj ET Q q 0 0 0 rg BT 58.26 545.35 Td (maturing ) Tj ET Q q 0 0 0 rg BT 93.51 545.35 Td (in ) Tj ET Q q 0 0 0 rg BT 103.27 545.35 Td (2018. ) Tj ET Q q 0 0 0 rg BT 126.27 545.35 Td (Under ) Tj ET Q q 0 0 0 rg BT 151.52 545.35 Td (the ) Tj ET Q q 0 0 0 rg BT 165.27 545.35 Td (terms ) Tj ET Q q 0 0 0 rg BT 188.02 545.35 Td (of ) Tj ET Q q 0 0 0 rg BT 198.28 545.35 Td (the ) Tj ET Q q 0 0 0 rg BT 212.03 545.35 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 254.51 545.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 285.26 545.35 Td (will ) Tj ET Q q 0 0 0 rg BT 302.02 545.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 332.27 545.35 Td (a ) Tj ET Q q 0 0 0 rg BT 339.02 545.35 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 376.75 545.35 Td (for ) Tj ET Q q 0 0 0 rg BT 390.00 545.35 Td (the ) Tj ET Q q 0 0 0 rg BT 403.75 545.35 Td (Bond ) Tj ET Q q 0 0 0 rg BT 426.01 545.35 Td (Issue ) Tj ET Q q 0 0 0 rg BT 447.26 545.35 Td (in ) Tj ET Q q 0 0 0 rg BT 457.02 545.35 Td (exchange ) Tj ET Q q 0 0 0 rg BT 493.75 545.35 Td (for ) Tj ET Q q 0 0 0 rg BT 507.01 545.35 Td (amendments ) Tj ET Q q 0 0 0 rg BT 555.25 545.35 Td (to ) Tj ET Q q 0 0 0 rg BT 565.01 545.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 534.55 Td (covenant ) Tj ET Q q 0 0 0 rg BT 71.31 534.55 Td (package, ) Tj ET Q q 0 0 0 rg BT 105.86 534.55 Td (principally ) Tj ET Q q 0 0 0 rg BT 147.67 534.55 Td (replacing ) Tj ET Q q 0 0 0 rg BT 183.98 534.55 Td (the ) Tj ET Q q 0 0 0 rg BT 197.80 534.55 Td (current ) Tj ET Q q 0 0 0 rg BT 226.10 534.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.41 534.55 Td (covenants ) Tj ET Q q 0 0 0 rg BT 299.22 534.55 Td (with ) Tj ET Q q 0 0 0 rg BT 318.05 534.55 Td (the ) Tj ET Q q 0 0 0 rg BT 331.86 534.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.17 534.55 Td (covenants ) Tj ET Q q 0 0 0 rg BT 404.98 534.55 Td (within ) Tj ET Q q 0 0 0 rg BT 430.81 534.55 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 466.75 534.55 Td (NOK ) Tj ET Q q 0 0 0 rg BT 489.07 534.55 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 515.02 534.55 Td (Additionally) Tj ET Q q 0 0 0 rg BT 559.93 534.55 Td (, ) Tj ET Q q 0 0 0 rg BT 565.01 534.55 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 523.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 72.90 523.75 Td (received ) Tj ET Q q 0 0 0 rg BT 105.27 523.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 138.65 523.75 Td (to ) Tj ET Q q 0 0 0 rg BT 147.55 523.75 Td (amend ) Tj ET Q q 0 0 0 rg BT 173.44 523.75 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.84 523.75 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 210.49 523.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.49 523.75 Td ( ) Tj ET Q q 0 0 0 rg BT 238.39 523.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 260.77 523.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 288.16 523.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.05 523.75 Td ($475 ) Tj ET Q q 0 0 0 rg BT 322.95 523.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.95 523.75 Td ( ) Tj ET Q q 0 0 0 rg BT 350.85 523.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 380.23 523.75 Td (term ) Tj ET Q q 0 0 0 rg BT 398.62 523.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 416.01 523.75 Td (and ) Tj ET Q q 0 0 0 rg BT 430.90 523.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 467.29 523.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 489.68 523.75 Td (facility) Tj ET Q q 0 0 0 rg BT 514.58 523.75 Td (. ) Tj ET Q q 0 0 0 rg BT 518.73 523.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 543.12 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 556.01 523.75 Td (terms ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 512.95 Td (of ) Tj ET Q q 0 0 0 rg BT 45.63 512.95 Td (the ) Tj ET Q q 0 0 0 rg BT 58.75 512.95 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 104.11 512.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 134.24 512.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 167.36 512.95 Td (a ) Tj ET Q q 0 0 0 rg BT 173.49 512.95 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 210.59 512.95 Td (for ) Tj ET Q q 0 0 0 rg BT 223.22 512.95 Td (the ) Tj ET Q q 0 0 0 rg BT 236.34 512.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 258.96 512.95 Td (facilities ) Tj ET Q q 0 0 0 rg BT 292.08 512.95 Td (in ) Tj ET Q q 0 0 0 rg BT 301.21 512.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 337.32 512.95 Td (for ) Tj ET Q q 0 0 0 rg BT 349.94 512.95 Td (amendments ) Tj ET Q q 0 0 0 rg BT 397.56 512.95 Td (to ) Tj ET Q q 0 0 0 rg BT 406.69 512.95 Td (the ) Tj ET Q q 0 0 0 rg BT 419.81 512.95 Td (covenant ) Tj ET Q q 0 0 0 rg BT 454.43 512.95 Td (package, ) Tj ET Q q 0 0 0 rg BT 488.29 512.95 Td (principally ) Tj ET Q q 0 0 0 rg BT 529.41 512.95 Td (replacing ) Tj ET Q q 0 0 0 rg BT 565.02 512.95 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 502.15 Td (Company's ) Tj ET Q q 0 0 0 rg BT 77.25 502.15 Td (existing ) Tj ET Q q 0 0 0 rg BT 106.87 502.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.48 502.15 Td (covenants ) Tj ET Q q 0 0 0 rg BT 176.59 502.15 Td (with ) Tj ET Q q 0 0 0 rg BT 193.72 502.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.32 502.15 Td (covenants ) Tj ET Q q 0 0 0 rg BT 263.43 502.15 Td (within ) Tj ET Q q 0 0 0 rg BT 287.56 502.15 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 321.80 502.15 Td (secured ) Tj ET Q q 0 0 0 rg BT 350.41 502.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 372.02 502.15 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 406.30 502.15 Td (This ) Tj ET Q q 0 0 0 rg BT 423.43 502.15 Td (amendment ) Tj ET Q q 0 0 0 rg BT 466.54 502.15 Td (to ) Tj ET Q q 0 0 0 rg BT 474.66 502.15 Td (the ) Tj ET Q q 0 0 0 rg BT 486.78 502.15 Td (covenants ) Tj ET Q q 0 0 0 rg BT 523.90 502.15 Td (was ) Tj ET Q q 0 0 0 rg BT 539.02 502.15 Td (applicable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 491.35 Td (to ) Tj ET Q q 0 0 0 rg BT 45.60 491.35 Td (the ) Tj ET Q q 0 0 0 rg BT 59.19 491.35 Td (period ) Tj ET Q q 0 0 0 rg BT 84.78 491.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 108.87 491.35 Td (December ) Tj ET Q q 0 0 0 rg BT 148.44 491.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.29 491.35 Td (2014. ) Tj ET Q q 0 0 0 rg BT 184.56 491.35 Td (As ) Tj ET Q q 0 0 0 rg BT 197.16 491.35 Td (such ) Tj ET Q q 0 0 0 rg BT 216.25 491.35 Td (there ) Tj ET Q q 0 0 0 rg BT 236.84 491.35 Td (are ) Tj ET Q q 0 0 0 rg BT 250.42 491.35 Td (no ) Tj ET Q q 0 0 0 rg BT 262.02 491.35 Td (longer ) Tj ET Q q 0 0 0 rg BT 287.61 491.35 Td (separate ) Tj ET Q q 0 0 0 rg BT 319.68 491.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.76 491.35 Td (covenants ) Tj ET Q q 0 0 0 rg BT 392.35 491.35 Td (contained ) Tj ET Q q 0 0 0 rg BT 429.93 491.35 Td (within ) Tj ET Q q 0 0 0 rg BT 455.53 491.35 Td (the ) Tj ET Q q 0 0 0 rg BT 469.12 491.35 Td (Company's ) Tj ET Q q 0 0 0 rg BT 511.84 491.35 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.92 491.35 Td (facilities ) Tj ET Q q 0 0 0 rg BT 568.51 491.35 Td (or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 480.55 Td (bond ) Tj ET Q q 0 0 0 rg BT 56.41 480.55 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 101.88 480.55 Td (The ) Tj ET Q q 0 0 0 rg BT 118.28 480.55 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 155.67 480.55 Td (fees ) Tj ET Q q 0 0 0 rg BT 172.57 480.55 Td (char) Tj ET Q q 0 0 0 rg BT 187.89 480.55 Td (ged ) Tj ET Q q 0 0 0 rg BT 203.30 480.55 Td (by ) Tj ET Q q 0 0 0 rg BT 214.71 480.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 245.12 480.55 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.53 480.55 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.28 480.55 Td ( ) Tj ET Q q 0 0 0 rg BT 274.69 480.55 Td (per ) Tj ET Q q 0 0 0 rg BT 288.59 480.55 Td (annum ) Tj ET Q q 0 0 0 rg BT 315.50 480.55 Td (of ) Tj ET Q q 0 0 0 rg BT 325.41 480.55 Td (the ) Tj ET Q q 0 0 0 rg BT 338.81 480.55 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 383.23 480.55 Td (principal. ) Tj ET Q q 0 0 0 rg BT 419.70 480.55 Td (The ) Tj ET Q q 0 0 0 rg BT 436.10 480.55 Td (total ) Tj ET Q q 0 0 0 rg BT 454.51 480.55 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 491.90 480.55 Td (fee ) Tj ET Q q 0 0 0 rg BT 505.30 480.55 Td (for ) Tj ET Q q 0 0 0 rg BT 518.20 480.55 Td (the ) Tj ET Q q 0 0 0 rg BT 531.61 480.55 Td (year ) Tj ET Q q 0 0 0 rg BT 549.51 480.55 Td (months ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.75 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 469.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 110.98 469.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.98 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 130.49 469.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 469.75 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 163.26 469.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.26 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 190.77 469.75 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.77 469.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 245.75 469.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.75 469.75 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.77 469.75 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.27 469.75 Td (\). ) Tj ET Q q 0 0 0 rg BT 283.91 469.75 Td (These ) Tj ET Q q 0 0 0 rg BT 306.91 469.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 322.91 469.75 Td (are ) Tj ET Q q 0 0 0 rg BT 335.41 469.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 371.40 469.75 Td (with ) Tj ET Q q 0 0 0 rg BT 388.91 469.75 Td ("other ) Tj ET Q q 0 0 0 rg BT 412.59 469.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.58 469.75 Td (items" ) Tj ET Q q 0 0 0 rg BT 470.26 469.75 Td (in ) Tj ET Q q 0 0 0 rg BT 478.77 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.28 469.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 527.27 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 536.28 469.75 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 442.15 Td (Performance guarantees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 428.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.55 428.35 Td (provides ) Tj ET Q q 0 0 0 rg BT 100.09 428.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.11 428.35 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 189.15 428.35 Td (in ) Tj ET Q q 0 0 0 rg BT 198.70 428.35 Td (connection ) Tj ET Q q 0 0 0 rg BT 240.74 428.35 Td (with ) Tj ET Q q 0 0 0 rg BT 259.29 428.35 Td (the ) Tj ET Q q 0 0 0 rg BT 272.84 428.35 Td (Company) Tj ET Q q 0 0 0 rg BT 310.33 428.35 Td (s ) Tj ET Q q 0 0 0 rg BT 316.39 428.35 Td (drilling ) Tj ET Q q 0 0 0 rg BT 345.44 428.35 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 382.73 428.35 Td (and ) Tj ET Q q 0 0 0 rg BT 398.27 428.35 Td (char) Tj ET Q q 0 0 0 rg BT 413.60 428.35 Td (ges ) Tj ET Q q 0 0 0 rg BT 428.15 428.35 Td (the ) Tj ET Q q 0 0 0 rg BT 441.69 428.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 479.24 428.35 Td (an ) Tj ET Q q 0 0 0 rg BT 490.29 428.35 Td (annual ) Tj ET Q q 0 0 0 rg BT 516.83 428.35 Td (fee ) Tj ET Q q 0 0 0 rg BT 530.37 428.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.42 428.35 Td (1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.42 428.35 Td ( ) Tj ET Q q 0 0 0 rg BT 554.97 428.35 Td (of ) Tj ET Q q 0 0 0 rg BT 565.02 428.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 417.55 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 78.53 417.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 108.58 417.55 Td (to ) Tj ET Q q 0 0 0 rg BT 118.63 417.55 Td (provide ) Tj ET Q q 0 0 0 rg BT 149.18 417.55 Td (these ) Tj ET Q q 0 0 0 rg BT 170.72 417.55 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 214.28 417.55 Td (The ) Tj ET Q q 0 0 0 rg BT 231.33 417.55 Td (total ) Tj ET Q q 0 0 0 rg BT 250.38 417.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.43 417.55 Td (of ) Tj ET Q q 0 0 0 rg BT 290.98 417.55 Td (such ) Tj ET Q q 0 0 0 rg BT 310.53 417.55 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 352.06 417.55 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.11 417.55 Td ($200 ) Tj ET Q q 0 0 0 rg BT 390.16 417.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.17 417.55 Td ( ) Tj ET Q q 0 0 0 rg BT 419.22 417.55 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.77 417.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 482.30 417.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.30 417.55 Td ( ) Tj ET Q q 0 0 0 rg BT 503.35 417.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.40 417.55 Td ($250 ) Tj ET Q q 0 0 0 rg BT 540.45 417.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.45 417.55 Td ( ) Tj ET Q q 0 0 0 rg BT 569.51 417.55 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 406.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 88.76 406.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.76 406.75 Td (. ) Tj ET Q q 0 0 0 rg BT 111.12 406.75 Td (The ) Tj ET Q q 0 0 0 rg BT 127.39 406.75 Td (incurred ) Tj ET Q q 0 0 0 rg BT 159.66 406.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 172.92 406.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.20 406.75 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 207.23 406.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.23 406.75 Td ( ) Tj ET Q q 0 0 0 rg BT 235.51 406.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.78 406.75 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 268.81 406.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.82 406.75 Td ( ) Tj ET Q q 0 0 0 rg BT 297.10 406.75 Td (or ) Tj ET Q q 0 0 0 rg BT 306.87 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 320.15 406.75 Td (years ) Tj ET Q q 0 0 0 rg BT 341.42 406.75 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.19 406.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.94 406.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.94 406.75 Td ( ) Tj ET Q q 0 0 0 rg BT 438.22 406.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 406.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 406.75 Td ( ) Tj ET Q q 0 0 0 rg BT 473.78 406.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 516.67 406.75 Td (. ) Tj ET Q q 0 0 0 rg BT 521.20 406.75 Td (In ) Tj ET Q q 0 0 0 rg BT 530.98 406.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 565.00 406.75 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 395.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.14 395.95 Td (has ) Tj ET Q q 0 0 0 rg BT 87.28 395.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 113.40 395.95 Td (to ) Tj ET Q q 0 0 0 rg BT 122.54 395.95 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 160.66 395.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 190.80 395.95 Td (for ) Tj ET Q q 0 0 0 rg BT 203.43 395.95 Td (all ) Tj ET Q q 0 0 0 rg BT 214.57 395.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 240.20 395.95 Td (made ) Tj ET Q q 0 0 0 rg BT 261.83 395.95 Td (against ) Tj ET Q q 0 0 0 rg BT 289.46 395.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 319.60 395.95 Td (under ) Tj ET Q q 0 0 0 rg BT 342.23 395.95 Td (the ) Tj ET Q q 0 0 0 rg BT 355.36 395.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 402.97 395.95 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 445.69 395.95 Td (These ) Tj ET Q q 0 0 0 rg BT 469.32 395.95 Td (fees ) Tj ET Q q 0 0 0 rg BT 485.95 395.95 Td (are ) Tj ET Q q 0 0 0 rg BT 499.07 395.95 Td (presented ) Tj ET Q q 0 0 0 rg BT 535.70 395.95 Td (with ) Tj ET Q q 0 0 0 rg BT 553.84 395.95 Td ("other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 385.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.73 385.15 Td (items" ) Tj ET Q q 0 0 0 rg BT 95.15 385.15 Td (in ) Tj ET Q q 0 0 0 rg BT 104.41 385.15 Td (the ) Tj ET Q q 0 0 0 rg BT 117.65 385.15 Td (statement ) Tj ET Q q 0 0 0 rg BT 154.39 385.15 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 385.15 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 357.55 Td (Operation and Management of the ) Tj ET Q q 0 0 0 rg BT 166.60 357.55 Td (W) Tj ET Q q 0 0 0 rg BT 173.93 357.55 Td (est Hercules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 343.75 Td (The ) Tj ET Q q 0 0 0 rg BT 51.95 343.75 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 343.75 Td (est ) Tj ET Q q 0 0 0 rg BT 71.82 343.75 Td (Hercules, ) Tj ET Q q 0 0 0 rg BT 108.16 343.75 Td (a ) Tj ET Q q 0 0 0 rg BT 114.26 343.75 Td (harsh ) Tj ET Q q 0 0 0 rg BT 135.86 343.75 Td (environment, ) Tj ET Q q 0 0 0 rg BT 185.71 343.75 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 251.30 343.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 279.91 343.75 Td (rig, ) Tj ET Q q 0 0 0 rg BT 294.26 343.75 Td (is ) Tj ET Q q 0 0 0 rg BT 302.37 343.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 328.47 343.75 Td (by ) Tj ET Q q 0 0 0 rg BT 339.57 343.75 Td (a ) Tj ET Q q 0 0 0 rg BT 345.68 343.75 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 399.77 343.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 438.88 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 448.48 343.75 Td (Ship ) Tj ET Q q 0 0 0 rg BT 467.09 343.75 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 499.94 343.75 Td (a ) Tj ET Q q 0 0 0 rg BT 506.04 343.75 Td (related ) Tj ET Q q 0 0 0 rg BT 532.63 343.75 Td (party) Tj ET Q q 0 0 0 rg BT 550.53 343.75 Td (, ) Tj ET Q q 0 0 0 rg BT 554.89 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 569.99 343.75 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.95 Td (controlled ) Tj ET Q q 0 0 0 rg BT 74.85 332.95 Td (by ) Tj ET Q q 0 0 0 rg BT 86.21 332.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 116.56 332.95 Td (through ) Tj ET Q q 0 0 0 rg BT 146.92 332.95 Td (a ) Tj ET Q q 0 0 0 rg BT 153.27 332.95 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 186.61 332.95 Td (charter ) Tj ET Q q 0 0 0 rg BT 213.95 332.95 Td (agreement ) Tj ET Q q 0 0 0 rg BT 253.79 332.95 Td (that ) Tj ET Q q 0 0 0 rg BT 269.64 332.95 Td (expires ) Tj ET Q q 0 0 0 rg BT 297.99 332.95 Td (in ) Tj ET Q q 0 0 0 rg BT 307.35 332.95 Td (2023. ) Tj ET Q q 0 0 0 rg BT 329.96 332.95 Td (Until ) Tj ET Q q 0 0 0 rg BT 350.82 332.95 Td (October ) Tj ET Q q 0 0 0 rg BT 382.17 332.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.78 332.95 Td (2013, ) Tj ET Q q 0 0 0 rg BT 418.39 332.95 Td (the ) Tj ET Q q 0 0 0 rg BT 431.75 332.95 Td (company ) Tj ET Q q 0 0 0 rg BT 467.09 332.95 Td (operated ) Tj ET Q q 0 0 0 rg BT 500.44 332.95 Td (and ) Tj ET Q q 0 0 0 rg BT 515.79 332.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 550.63 332.95 Td (this ) Tj ET Q q 0 0 0 rg BT 566.00 332.95 Td (rig ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 322.15 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 68.92 322.15 Td (to ) Tj ET Q q 0 0 0 rg BT 77.84 322.15 Td (an ) Tj ET Q q 0 0 0 rg BT 88.26 322.15 Td (operational ) Tj ET Q q 0 0 0 rg BT 130.67 322.15 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 163.58 322.15 Td (charter ) Tj ET Q q 0 0 0 rg BT 190.48 322.15 Td (agreement ) Tj ET Q q 0 0 0 rg BT 229.88 322.15 Td (that ) Tj ET Q q 0 0 0 rg BT 245.30 322.15 Td (the ) Tj ET Q q 0 0 0 rg BT 258.22 322.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 295.15 322.15 Td (entered ) Tj ET Q q 0 0 0 rg BT 323.55 322.15 Td (into ) Tj ET Q q 0 0 0 rg BT 339.48 322.15 Td (with ) Tj ET Q q 0 0 0 rg BT 357.40 322.15 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 387.32 322.15 Td (in ) Tj ET Q q 0 0 0 rg BT 396.25 322.15 Td (July ) Tj ET Q q 0 0 0 rg BT 413.17 322.15 Td (2012. ) Tj ET Q q 0 0 0 rg BT 435.35 322.15 Td (Subsequently ) Tj ET Q q 0 0 0 rg BT 485.77 322.15 Td (the ) Tj ET Q q 0 0 0 rg BT 498.69 322.15 Td (company ) Tj ET Q q 0 0 0 rg BT 533.61 322.15 Td (entered ) Tj ET Q q 0 0 0 rg BT 562.01 322.15 Td (into ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.35 Td (a ) Tj ET Q q 0 0 0 rg BT 41.59 311.35 Td (management ) Tj ET Q q 0 0 0 rg BT 89.16 311.35 Td (agreement ) Tj ET Q q 0 0 0 rg BT 128.23 311.35 Td (with ) Tj ET Q q 0 0 0 rg BT 145.83 311.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 175.42 311.35 Td (which ) Tj ET Q q 0 0 0 rg BT 199.00 311.35 Td (replaced ) Tj ET Q q 0 0 0 rg BT 231.08 311.35 Td (the ) Tj ET Q q 0 0 0 rg BT 243.66 311.35 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 276.24 311.35 Td (charter ) Tj ET Q q 0 0 0 rg BT 302.81 311.35 Td (agreement ) Tj ET Q q 0 0 0 rg BT 341.88 311.35 Td (ef) Tj ET Q q 0 0 0 rg BT 348.71 311.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 374.79 311.35 Td (from ) Tj ET Q q 0 0 0 rg BT 393.88 311.35 Td (November ) Tj ET Q q 0 0 0 rg BT 433.46 311.35 Td (1, ) Tj ET Q q 0 0 0 rg BT 441.80 311.35 Td (2013, ) Tj ET Q q 0 0 0 rg BT 463.65 311.35 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 496.24 311.35 Td (to ) Tj ET Q q 0 0 0 rg BT 504.83 311.35 Td (which ) Tj ET Q q 0 0 0 rg BT 528.42 311.35 Td (the ) Tj ET Q q 0 0 0 rg BT 541.01 311.35 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 300.55 Td (operated ) Tj ET Q q 0 0 0 rg BT 69.23 300.55 Td (and ) Tj ET Q q 0 0 0 rg BT 84.48 300.55 Td (managed ) Tj ET Q q 0 0 0 rg BT 119.21 300.55 Td (the ) Tj ET Q q 0 0 0 rg BT 132.29 300.55 Td (W) Tj ET Q q 0 0 0 rg BT 140.07 300.55 Td (est ) Tj ET Q q 0 0 0 rg BT 152.31 300.55 Td (Hercules ) Tj ET Q q 0 0 0 rg BT 186.55 300.55 Td (when ) Tj ET Q q 0 0 0 rg BT 208.29 300.55 Td (it ) Tj ET Q q 0 0 0 rg BT 215.54 300.55 Td (was ) Tj ET Q q 0 0 0 rg BT 231.79 300.55 Td (employed ) Tj ET Q q 0 0 0 rg BT 269.53 300.55 Td (under ) Tj ET Q q 0 0 0 rg BT 292.27 300.55 Td (the ) Tj ET Q q 0 0 0 rg BT 305.52 300.55 Td (drilling ) Tj ET Q q 0 0 0 rg BT 334.27 300.55 Td (contract ) Tj ET Q q 0 0 0 rg BT 365.50 300.55 Td (with ) Tj ET Q q 0 0 0 rg BT 383.75 300.55 Td (Statoil. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 286.75 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 286.75 Td (key ) Tj ET Q q 0 0 0 rg BT 67.49 286.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 89.73 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 99.48 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 112.72 286.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 152.45 286.75 Td (were: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 272.95 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 272.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 272.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 115.24 272.95 Td (is ) Tj ET Q q 0 0 0 rg BT 123.50 272.95 Td (obligated ) Tj ET Q q 0 0 0 rg BT 159.24 272.95 Td (to ) Tj ET Q q 0 0 0 rg BT 168.49 272.95 Td (pay ) Tj ET Q q 0 0 0 rg BT 183.73 272.95 Td (North ) Tj ET Q q 0 0 0 rg BT 206.48 272.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 237.72 272.95 Td (a ) Tj ET Q q 0 0 0 rg BT 243.97 272.95 Td (daily ) Tj ET Q q 0 0 0 rg BT 264.21 272.95 Td (management ) Tj ET Q q 0 0 0 rg BT 312.44 272.95 Td (fee.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 259.15 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 259.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 259.15 Td (North ) Tj ET Q q 0 0 0 rg BT 107.75 259.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 138.99 259.15 Td (is ) Tj ET Q q 0 0 0 rg BT 147.24 259.15 Td (entitled ) Tj ET Q q 0 0 0 rg BT 176.49 259.15 Td (to ) Tj ET Q q 0 0 0 rg BT 185.74 259.15 Td (a ) Tj ET Q q 0 0 0 rg BT 191.98 259.15 Td (potential ) Tj ET Q q 0 0 0 rg BT 225.72 259.15 Td (bonus ) Tj ET Q q 0 0 0 rg BT 249.47 259.15 Td (based ) Tj ET Q q 0 0 0 rg BT 272.22 259.15 Td (on ) Tj ET Q q 0 0 0 rg BT 283.47 259.15 Td (economical ) Tj ET Q q 0 0 0 rg BT 327.20 259.15 Td (utilization ) Tj ET Q q 0 0 0 rg BT 365.94 259.15 Td (of ) Tj ET Q q 0 0 0 rg BT 375.69 259.15 Td (the ) Tj ET Q q 0 0 0 rg BT 388.93 259.15 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 245.35 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 245.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 245.35 Td (All ) Tj ET Q q 0 0 0 rg BT 98.75 245.35 Td (crew ) Tj ET Q q 0 0 0 rg BT 118.49 245.35 Td (services ) Tj ET Q q 0 0 0 rg BT 149.72 245.35 Td (shall ) Tj ET Q q 0 0 0 rg BT 168.97 245.35 Td (be ) Tj ET Q q 0 0 0 rg BT 179.72 245.35 Td (provided ) Tj ET Q q 0 0 0 rg BT 213.96 245.35 Td (by ) Tj ET Q q 0 0 0 rg BT 225.21 245.35 Td (North ) Tj ET Q q 0 0 0 rg BT 247.96 245.35 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 279.20 245.35 Td (and ) Tj ET Q q 0 0 0 rg BT 294.44 245.35 Td (char) Tj ET Q q 0 0 0 rg BT 309.77 245.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 325.01 245.35 Td (to ) Tj ET Q q 0 0 0 rg BT 334.26 245.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 364.51 245.35 Td (at ) Tj ET Q q 0 0 0 rg BT 373.25 245.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 390.00 245.35 Td (plus ) Tj ET Q q 0 0 0 rg BT 407.25 245.35 Td (a ) Tj ET Q q 0 0 0 rg BT 413.50 245.35 Td (mar) Tj ET Q q 0 0 0 rg BT 427.33 245.35 Td (gin ) Tj ET Q q 0 0 0 rg BT 441.08 245.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.82 245.35 Td (7%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.82 245.35 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 231.55 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 231.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 231.55 Td (All ) Tj ET Q q 0 0 0 rg BT 98.75 231.55 Td (direct ) Tj ET Q q 0 0 0 rg BT 121.49 231.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 141.74 231.55 Td (related ) Tj ET Q q 0 0 0 rg BT 168.47 231.55 Td (to ) Tj ET Q q 0 0 0 rg BT 177.72 231.55 Td (the ) Tj ET Q q 0 0 0 rg BT 190.97 231.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 230.71 231.55 Td (shall ) Tj ET Q q 0 0 0 rg BT 249.95 231.55 Td (be ) Tj ET Q q 0 0 0 rg BT 260.70 231.55 Td (char) Tj ET Q q 0 0 0 rg BT 276.02 231.55 Td (ged ) Tj ET Q q 0 0 0 rg BT 291.27 231.55 Td (to ) Tj ET Q q 0 0 0 rg BT 300.52 231.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 330.76 231.55 Td (at ) Tj ET Q q 0 0 0 rg BT 339.50 231.55 Td (cost.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 217.75 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 217.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 217.75 Td (Operational ) Tj ET Q q 0 0 0 rg BT 129.73 217.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 148.98 217.75 Td (are ) Tj ET Q q 0 0 0 rg BT 162.22 217.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 204.47 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 214.22 217.75 Td (Seadrill. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 203.95 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 203.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 203.95 Td (Capital ) Tj ET Q q 0 0 0 rg BT 113.24 203.95 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 161.48 203.95 Td (and ) Tj ET Q q 0 0 0 rg BT 176.72 203.95 Td (long ) Tj ET Q q 0 0 0 rg BT 194.97 203.95 Td (term ) Tj ET Q q 0 0 0 rg BT 213.72 203.95 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 261.44 203.95 Td (associated ) Tj ET Q q 0 0 0 rg BT 300.67 203.95 Td (with ) Tj ET Q q 0 0 0 rg BT 318.93 203.95 Td (the ) Tj ET Q q 0 0 0 rg BT 332.17 203.95 Td (rig ) Tj ET Q q 0 0 0 rg BT 344.42 203.95 Td (are ) Tj ET Q q 0 0 0 rg BT 357.65 203.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 399.90 203.95 Td (of ) Tj ET Q q 0 0 0 rg BT 409.65 203.95 Td (Seadrill.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 190.15 Td ( ) Tj ET Q q 0 0 0 rg BT 62.25 190.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 190.15 Td (North ) Tj ET Q q 0 0 0 rg BT 107.75 190.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 138.99 190.15 Td (is ) Tj ET Q q 0 0 0 rg BT 147.24 190.15 Td (entitled ) Tj ET Q q 0 0 0 rg BT 176.49 190.15 Td (to ) Tj ET Q q 0 0 0 rg BT 185.74 190.15 Td (receive ) Tj ET Q q 0 0 0 rg BT 213.96 190.15 Td (and ) Tj ET Q q 0 0 0 rg BT 229.21 190.15 Td (keep ) Tj ET Q q 0 0 0 rg BT 248.45 190.15 Td (all ) Tj ET Q q 0 0 0 rg BT 259.69 190.15 Td (agreed ) Tj ET Q q 0 0 0 rg BT 285.92 190.15 Td (mark-up ) Tj ET Q q 0 0 0 rg BT 318.66 190.15 Td (fee ) Tj ET Q q 0 0 0 rg BT 331.90 190.15 Td (for ) Tj ET Q q 0 0 0 rg BT 344.64 190.15 Td (provision ) Tj ET Q q 0 0 0 rg BT 380.89 190.15 Td (of ) Tj ET Q q 0 0 0 rg BT 390.64 190.15 Td (additional ) Tj ET Q q 0 0 0 rg BT 428.88 190.15 Td (services ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.00 176.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 176.35 Td (under ) Tj ET Q q 0 0 0 rg BT 107.74 176.35 Td (the ) Tj ET Q q 0 0 0 rg BT 120.99 176.35 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 151.74 176.35 Td (Contract ) Tj ET Q q 0 0 0 rg BT 184.98 176.35 Td (which ) Tj ET Q q 0 0 0 rg BT 209.22 176.35 Td (are ) Tj ET Q q 0 0 0 rg BT 222.46 176.35 Td (payable ) Tj ET Q q 0 0 0 rg BT 252.69 176.35 Td (by ) Tj ET Q q 0 0 0 rg BT 263.94 176.35 Td (the ) Tj ET Q q 0 0 0 rg BT 277.19 176.35 Td (client.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.55 Td (Under ) Tj ET Q q 0 0 0 rg BT 60.84 162.55 Td (the ) Tj ET Q q 0 0 0 rg BT 74.18 162.55 Td (management ) Tj ET Q q 0 0 0 rg BT 122.50 162.55 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 164.58 162.55 Td (North ) Tj ET Q q 0 0 0 rg BT 187.40 162.55 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 218.74 162.55 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 249.58 162.55 Td (has ) Tj ET Q q 0 0 0 rg BT 263.92 162.55 Td (char) Tj ET Q q 0 0 0 rg BT 279.25 162.55 Td (ged ) Tj ET Q q 0 0 0 rg BT 294.59 162.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 324.93 162.55 Td (a ) Tj ET Q q 0 0 0 rg BT 331.27 162.55 Td (management ) Tj ET Q q 0 0 0 rg BT 379.59 162.55 Td (fee ) Tj ET Q q 0 0 0 rg BT 392.93 162.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.77 162.55 Td ($7.1 ) Tj ET Q q 0 0 0 rg BT 420.86 162.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.87 162.55 Td ( ) Tj ET Q q 0 0 0 rg BT 449.21 162.55 Td (and ) Tj ET Q q 0 0 0 rg BT 464.55 162.55 Td (crew ) Tj ET Q q 0 0 0 rg BT 484.38 162.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 504.73 162.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.57 162.55 Td ($37.8 ) Tj ET Q q 0 0 0 rg BT 537.17 162.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.17 162.55 Td ( ) Tj ET Q q 0 0 0 rg BT 565.52 162.55 Td (for) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 36.00 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 151.75 Td (year ) Tj ET Q q 0 0 0 rg BT 66.98 151.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 90.72 151.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 143.45 151.75 Td (2014. ) Tj ET Q q 0 0 0 rg BT 165.95 151.75 Td (In ) Tj ET Q q 0 0 0 rg BT 175.20 151.75 Td (August ) Tj ET Q q 0 0 0 rg BT 203.45 151.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 225.95 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 239.19 151.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 275.43 151.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.68 151.75 Td (management ) Tj ET Q q 0 0 0 rg BT 338.91 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 348.65 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 361.74 151.75 Td (W) Tj ET Q q 0 0 0 rg BT 369.51 151.75 Td (est ) Tj ET Q q 0 0 0 rg BT 381.76 151.75 Td (Hercules ) Tj ET Q q 0 0 0 rg BT 415.99 151.75 Td (was ) Tj ET Q q 0 0 0 rg BT 432.24 151.75 Td (transferred ) Tj ET Q q 0 0 0 rg BT 473.46 151.75 Td (to ) Tj ET Q q 0 0 0 rg BT 482.71 151.75 Td (Seadrill.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 124.15 Td (Management services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 110.35 Td (North ) Tj ET Q q 0 0 0 rg BT 59.15 110.35 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 90.90 110.35 Td (Management ) Tj ET Q q 0 0 0 rg BT 140.65 110.35 Td (provides ) Tj ET Q q 0 0 0 rg BT 174.41 110.35 Td (all ) Tj ET Q q 0 0 0 rg BT 186.17 110.35 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 227.91 110.35 Td (management ) Tj ET Q q 0 0 0 rg BT 276.66 110.35 Td (functions ) Tj ET Q q 0 0 0 rg BT 312.91 110.35 Td (to ) Tj ET Q q 0 0 0 rg BT 322.68 110.35 Td (the ) Tj ET Q q 0 0 0 rg BT 336.44 110.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.20 110.35 Td (and ) Tj ET Q q 0 0 0 rg BT 389.96 110.35 Td (its ) Tj ET Q q 0 0 0 rg BT 401.22 110.35 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 446.48 110.35 Td (in ) Tj ET Q q 0 0 0 rg BT 456.24 110.35 Td (accordance ) Tj ET Q q 0 0 0 rg BT 499.47 110.35 Td (with ) Tj ET Q q 0 0 0 rg BT 518.24 110.35 Td (the ) Tj ET Q q 0 0 0 rg BT 531.99 110.35 Td (terms ) Tj ET Q q 0 0 0 rg BT 554.75 110.35 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 110.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 99.55 Td (General ) Tj ET Q q 0 0 0 rg BT 66.41 99.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 114.90 99.55 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 159.06 99.55 Td ( ) Tj ET Q q 0 0 0 rg BT 160.99 99.55 Td (North ) Tj ET Q q 0 0 0 rg BT 183.49 99.55 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 214.41 99.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 263.32 99.55 Td (has ) Tj ET Q q 0 0 0 rg BT 277.25 99.55 Td (contracted ) Tj ET Q q 0 0 0 rg BT 316.66 99.55 Td (in ) Tj ET Q q 0 0 0 rg BT 325.59 99.55 Td (senior ) Tj ET Q q 0 0 0 rg BT 349.51 99.55 Td (management ) Tj ET Q q 0 0 0 rg BT 397.42 99.55 Td (services ) Tj ET Q q 0 0 0 rg BT 428.34 99.55 Td (from ) Tj ET Q q 0 0 0 rg BT 447.76 99.55 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 477.69 99.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 526.60 99.55 Td (in ) Tj ET Q q 0 0 0 rg BT 535.53 99.55 Td (accordance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 88.75 Td (with ) Tj ET Q q 0 0 0 rg BT 54.20 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 67.40 88.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 89.59 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 99.29 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 112.49 88.75 Td ( ) Tj ET Q q 0 0 0 rg BT 114.69 88.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 163.87 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 178.58 88.75 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 234.77 88.75 Td (Services ) Tj ET Q q 0 0 0 rg BT 266.98 88.75 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 311.25 88.75 Td (The ) Tj ET Q q 0 0 0 rg BT 327.44 88.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 367.12 88.75 Td (can ) Tj ET Q q 0 0 0 rg BT 381.81 88.75 Td (be ) Tj ET Q q 0 0 0 rg BT 392.50 88.75 Td (terminated ) Tj ET Q q 0 0 0 rg BT 433.19 88.75 Td (by ) Tj ET Q q 0 0 0 rg BT 444.39 88.75 Td (either ) Tj ET Q q 0 0 0 rg BT 467.08 88.75 Td (party ) Tj ET Q q 0 0 0 rg BT 487.77 88.75 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.46 88.75 Td (ninety ) Tj ET Q q 0 0 0 rg BT 521.16 88.75 Td (days) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.66 88.75 Td ( ) Tj ET Q q 0 0 0 rg BT 539.86 88.75 Td (notice. ) Tj ET Q q 0 0 0 rg BT 566.30 88.75 Td ( ) Tj ET Q q 0 0 0 rg BT 568.50 88.75 Td (In ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 77.95 Td (consideration ) Tj ET Q q 0 0 0 rg BT 86.90 77.95 Td (of ) Tj ET Q q 0 0 0 rg BT 96.81 77.95 Td (the ) Tj ET Q q 0 0 0 rg BT 110.23 77.95 Td (services ) Tj ET Q q 0 0 0 rg BT 141.63 77.95 Td (provided, ) Tj ET Q q 0 0 0 rg BT 178.29 77.95 Td (the ) Tj ET Q q 0 0 0 rg BT 191.70 77.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.11 77.95 Td (pay ) Tj ET Q q 0 0 0 rg BT 244.52 77.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 274.93 77.95 Td (a ) Tj ET Q q 0 0 0 rg BT 281.34 77.95 Td (fee ) Tj ET Q q 0 0 0 rg BT 294.74 77.95 Td (that ) Tj ET Q q 0 0 0 rg BT 310.66 77.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 343.06 77.95 Td (the ) Tj ET Q q 0 0 0 rg BT 356.48 77.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 392.88 77.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 413.29 77.95 Td (attributable ) Tj ET Q q 0 0 0 rg BT 456.69 77.95 Td (to ) Tj ET Q q 0 0 0 rg BT 466.11 77.95 Td (the ) Tj ET Q q 0 0 0 rg BT 479.52 77.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.94 77.95 Td (plus ) Tj ET Q q 0 0 0 rg BT 534.35 77.95 Td (a ) Tj ET Q q 0 0 0 rg BT 540.77 77.95 Td (mar) Tj ET Q q 0 0 0 rg BT 554.59 77.95 Td (gin ) Tj ET Q q 0 0 0 rg BT 568.51 77.95 Td (of ) Tj ET Q q 0 0 0 rg BT 578.26 77.95 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 67.15 Td (8%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 48.00 67.15 Td (. ) Tj ET Q q 0 0 0 rg BT 52.57 67.15 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 82.88 67.15 Td (Management ) Tj ET Q q 0 0 0 rg BT 132.19 67.15 Td (had ) Tj ET Q q 0 0 0 rg BT 147.50 67.15 Td (char) Tj ET Q q 0 0 0 rg BT 162.83 67.15 Td (ged ) Tj ET Q q 0 0 0 rg BT 178.14 67.15 Td (North ) Tj ET Q q 0 0 0 rg BT 200.95 67.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 232.26 67.15 Td (Management ) Tj ET Q q 0 0 0 rg BT 281.56 67.15 Td (a ) Tj ET Q q 0 0 0 rg BT 287.88 67.15 Td (fee ) Tj ET Q q 0 0 0 rg BT 301.19 67.15 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.00 67.15 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 333.58 67.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.58 67.15 Td (, ) Tj ET Q q 0 0 0 rg BT 364.15 67.15 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.47 67.15 Td ($27.6 ) Tj ET Q q 0 0 0 rg BT 389.04 67.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.04 67.15 Td ( ) Tj ET Q q 0 0 0 rg BT 417.37 67.15 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.68 67.15 Td ($32.4 ) Tj ET Q q 0 0 0 rg BT 455.25 67.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.26 67.15 Td ( ) Tj ET Q q 0 0 0 rg BT 483.58 67.15 Td (for ) Tj ET Q q 0 0 0 rg BT 496.39 67.15 Td (providing ) Tj ET Q q 0 0 0 rg BT 533.71 67.15 Td (the ) Tj ET Q q 0 0 0 rg BT 547.03 67.15 Td (services ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 56.35 Td (under ) Tj ET Q q 0 0 0 rg BT 58.74 56.35 Td (the ) Tj ET Q q 0 0 0 rg BT 71.99 56.35 Td (Services ) Tj ET Q q 0 0 0 rg BT 104.23 56.35 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 146.46 56.35 Td (for ) Tj ET Q q 0 0 0 rg BT 159.21 56.35 Td (the ) Tj ET Q q 0 0 0 rg BT 172.45 56.35 Td (years ) Tj ET Q q 0 0 0 rg BT 193.69 56.35 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.43 56.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 270.15 56.35 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.15 56.35 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.65 56.35 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.65 56.35 Td ( ) Tj ET Q q 0 0 0 rg BT 312.90 56.35 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.15 56.35 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.15 56.35 Td ( ) Tj ET Q q 0 0 0 rg BT 348.40 56.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 391.29 56.35 Td (. ) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-34) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 749.95 Td (Newbuild construction services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.15 Td (The ) Tj ET Q q 0 0 0 rg BT 51.70 736.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 88.40 736.15 Td (has ) Tj ET Q q 0 0 0 rg BT 102.10 736.15 Td (contracted ) Tj ET Q q 0 0 0 rg BT 141.28 736.15 Td (a ) Tj ET Q q 0 0 0 rg BT 146.98 736.15 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 185.68 736.15 Td (of ) Tj ET Q q 0 0 0 rg BT 194.88 736.15 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 224.58 736.15 Td (to ) Tj ET Q q 0 0 0 rg BT 233.28 736.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 262.48 736.15 Td (construction ) Tj ET Q q 0 0 0 rg BT 308.67 736.15 Td (and ) Tj ET Q q 0 0 0 rg BT 323.37 736.15 Td (project ) Tj ET Q q 0 0 0 rg BT 350.06 736.15 Td (management ) Tj ET Q q 0 0 0 rg BT 397.75 736.15 Td (services ) Tj ET Q q 0 0 0 rg BT 428.44 736.15 Td (for ) Tj ET Q q 0 0 0 rg BT 440.64 736.15 Td (construction ) Tj ET Q q 0 0 0 rg BT 486.83 736.15 Td (of ) Tj ET Q q 0 0 0 rg BT 496.03 736.15 Td (the ) Tj ET Q q 0 0 0 rg BT 508.73 736.15 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.44 736.15 Td (W) Tj ET Q q 0 0 0 rg BT 517.11 736.15 Td (est ) Tj ET Q q 0 0 0 rg BT 528.81 736.15 Td (Rigel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.80 736.15 Td ( ) Tj ET Q q 0 0 0 rg BT 549.51 736.15 Td (drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.35 Td (unit. ) Tj ET Q q 0 0 0 rg BT 54.80 725.35 Td ( ) Tj ET Q q 0 0 0 rg BT 57.34 725.35 Td (In ) Tj ET Q q 0 0 0 rg BT 67.39 725.35 Td (consideration ) Tj ET Q q 0 0 0 rg BT 118.42 725.35 Td (of ) Tj ET Q q 0 0 0 rg BT 128.46 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 142.01 725.35 Td (services ) Tj ET Q q 0 0 0 rg BT 173.54 725.35 Td (provided ) Tj ET Q q 0 0 0 rg BT 208.08 725.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 238.62 725.35 Td (has ) Tj ET Q q 0 0 0 rg BT 253.16 725.35 Td (char) Tj ET Q q 0 0 0 rg BT 268.49 725.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 284.03 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 297.57 725.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.11 725.35 Td (a ) Tj ET Q q 0 0 0 rg BT 341.66 725.35 Td (fee ) Tj ET Q q 0 0 0 rg BT 355.19 725.35 Td (that ) Tj ET Q q 0 0 0 rg BT 371.23 725.35 Td (includes ) Tj ET Q q 0 0 0 rg BT 403.77 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 417.31 725.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 453.85 725.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 474.39 725.35 Td (attributable ) Tj ET Q q 0 0 0 rg BT 517.92 725.35 Td (to ) Tj ET Q q 0 0 0 rg BT 527.47 725.35 Td (the ) Tj ET Q q 0 0 0 rg BT 541.01 725.35 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.55 Td (plus ) Tj ET Q q 0 0 0 rg BT 53.55 714.55 Td (a ) Tj ET Q q 0 0 0 rg BT 60.08 714.55 Td (mar) Tj ET Q q 0 0 0 rg BT 73.91 714.55 Td (gin ) Tj ET Q q 0 0 0 rg BT 87.96 714.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.00 714.55 Td (5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.00 714.55 Td (. ) Tj ET Q q 0 0 0 rg BT 114.79 714.55 Td ( ) Tj ET Q q 0 0 0 rg BT 117.15 714.55 Td (The ) Tj ET Q q 0 0 0 rg BT 133.68 714.55 Td (total ) Tj ET Q q 0 0 0 rg BT 152.22 714.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 181.76 714.55 Td (char) Tj ET Q q 0 0 0 rg BT 197.09 714.55 Td (ged ) Tj ET Q q 0 0 0 rg BT 212.62 714.55 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.16 714.55 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 251.96 714.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.96 714.55 Td (, ) Tj ET Q q 0 0 0 rg BT 282.75 714.55 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.30 714.55 Td ($9.3 ) Tj ET Q q 0 0 0 rg BT 303.59 714.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.59 714.55 Td ( ) Tj ET Q q 0 0 0 rg BT 332.14 714.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.67 714.55 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 365.97 714.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.97 714.55 Td ( ) Tj ET Q q 0 0 0 rg BT 394.51 714.55 Td (for ) Tj ET Q q 0 0 0 rg BT 407.55 714.55 Td (the ) Tj ET Q q 0 0 0 rg BT 421.09 714.55 Td (years ) Tj ET Q q 0 0 0 rg BT 442.62 714.55 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.66 714.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 519.67 714.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.67 714.55 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.47 714.55 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.47 714.55 Td ( ) Tj ET Q q 0 0 0 rg BT 563.01 714.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.75 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 55.92 703.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 98.82 703.75 Td (. ) Tj ET Q q 0 0 0 rg BT 102.99 703.75 Td ( ) Tj ET Q q 0 0 0 rg BT 104.49 703.75 Td (As ) Tj ET Q q 0 0 0 rg BT 116.41 703.75 Td (these ) Tj ET Q q 0 0 0 rg BT 136.83 703.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 156.75 703.75 Td (are ) Tj ET Q q 0 0 0 rg BT 169.66 703.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 199.07 703.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 241.98 703.75 Td (to ) Tj ET Q q 0 0 0 rg BT 250.90 703.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.82 703.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 310.23 703.75 Td (of ) Tj ET Q q 0 0 0 rg BT 319.65 703.75 Td (the ) Tj ET Q q 0 0 0 rg BT 332.57 703.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 360.99 703.75 Td (unit, ) Tj ET Q q 0 0 0 rg BT 379.17 703.75 Td (they ) Tj ET Q q 0 0 0 rg BT 396.58 703.75 Td (are ) Tj ET Q q 0 0 0 rg BT 409.49 703.75 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 450.39 703.75 Td (and ) Tj ET Q q 0 0 0 rg BT 465.31 703.75 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 508.70 703.75 Td (in ) Tj ET Q q 0 0 0 rg BT 517.63 703.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 560.01 703.75 Td (with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.95 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 692.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 90.98 692.95 Td (policy ) Tj ET Q q 0 0 0 rg BT 115.73 692.95 Td (for ) Tj ET Q q 0 0 0 rg BT 128.47 692.95 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 159.22 692.95 Td (Units.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 664.15 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 664.15 Td (ransactions with Fr) Tj ET Q q 0 0 0 rg BT 125.08 664.15 Td (ontline ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 650.35 Td (Management services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 636.55 Td (The ) Tj ET Q q 0 0 0 rg BT 53.94 636.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 92.89 636.55 Td (receives ) Tj ET Q q 0 0 0 rg BT 126.33 636.55 Td (corporate ) Tj ET Q q 0 0 0 rg BT 164.26 636.55 Td (secretarial ) Tj ET Q q 0 0 0 rg BT 205.18 636.55 Td (and ) Tj ET Q q 0 0 0 rg BT 222.13 636.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.56 636.55 Td (other ) Tj ET Q q 0 0 0 rg BT 273.00 636.55 Td (administrative ) Tj ET Q q 0 0 0 rg BT 328.44 636.55 Td (services ) Tj ET Q q 0 0 0 rg BT 361.38 636.55 Td (applicable ) Tj ET Q q 0 0 0 rg BT 402.31 636.55 Td (to ) Tj ET Q q 0 0 0 rg BT 413.27 636.55 Td (the ) Tj ET Q q 0 0 0 rg BT 428.21 636.55 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 473.16 636.55 Td (of ) Tj ET Q q 0 0 0 rg BT 484.61 636.55 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 521.55 636.55 Td (from ) Tj ET Q q 0 0 0 rg BT 543.00 636.55 Td (Frontline ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 84.49 625.75 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 124.97 625.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 141.12 625.75 Td (The ) Tj ET Q q 0 0 0 rg BT 156.61 625.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 169.10 625.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.60 625.75 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 201.86 625.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.86 625.75 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.61 625.75 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 248.87 625.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.87 625.75 Td ( ) Tj ET Q q 0 0 0 rg BT 276.37 625.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.87 625.75 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 308.13 625.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.13 625.75 Td ( ) Tj ET Q q 0 0 0 rg BT 335.63 625.75 Td (for ) Tj ET Q q 0 0 0 rg BT 347.63 625.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.13 625.75 Td (years ) Tj ET Q q 0 0 0 rg BT 380.62 625.75 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.62 625.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 455.60 625.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.60 625.75 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.35 625.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.35 625.75 Td ( ) Tj ET Q q 0 0 0 rg BT 496.85 625.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.35 625.75 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.35 625.75 Td ( ) Tj ET Q q 0 0 0 rg BT 530.86 625.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 573.75 625.75 Td (. ) Tj ET Q q 0 0 0 rg BT 578.25 625.75 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 614.95 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 71.25 614.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 120.48 614.95 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 161.71 614.95 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 178.71 614.95 Td (is ) Tj ET Q q 0 0 0 rg BT 186.97 614.95 Td (a ) Tj ET Q q 0 0 0 rg BT 193.21 614.95 Td (wholly ) Tj ET Q q 0 0 0 rg BT 220.46 614.95 Td (owned ) Tj ET Q q 0 0 0 rg BT 246.70 614.95 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 285.95 614.95 Td (of ) Tj ET Q q 0 0 0 rg BT 295.70 614.95 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 330.95 614.95 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 350.20 614.95 Td (a ) Tj ET Q q 0 0 0 rg BT 356.44 614.95 Td (company ) Tj ET Q q 0 0 0 rg BT 391.68 614.95 Td (in ) Tj ET Q q 0 0 0 rg BT 400.93 614.95 Td (which ) Tj ET Q q 0 0 0 rg BT 425.18 614.95 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 453.41 614.95 Td (is ) Tj ET Q q 0 0 0 rg BT 461.67 614.95 Td (a ) Tj ET Q q 0 0 0 rg BT 467.91 614.95 Td (lar) Tj ET Q q 0 0 0 rg BT 477.24 614.95 Td (ge ) Tj ET Q q 0 0 0 rg BT 487.99 614.95 Td (shareholder) Tj ET Q q 0 0 0 rg BT 529.47 614.95 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 586.15 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 586.15 Td (ransactions with Sevan Drilling) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 572.35 Td (Management services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 558.55 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 69.84 558.55 Td (to ) Tj ET Q q 0 0 0 rg BT 79.19 558.55 Td (the ) Tj ET Q q 0 0 0 rg BT 92.52 558.55 Td (secondment ) Tj ET Q q 0 0 0 rg BT 137.85 558.55 Td (agreement ) Tj ET Q q 0 0 0 rg BT 177.67 558.55 Td (with ) Tj ET Q q 0 0 0 rg BT 196.01 558.55 Td (Seven ) Tj ET Q q 0 0 0 rg BT 220.35 558.55 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 251.19 558.55 Td (our ) Tj ET Q q 0 0 0 rg BT 265.53 558.55 Td (Chief ) Tj ET Q q 0 0 0 rg BT 287.87 558.55 Td (Financial ) Tj ET Q q 0 0 0 rg BT 323.70 558.55 Td (Of) Tj ET Q q 0 0 0 rg BT 333.04 558.55 Td (ficer ) Tj ET Q q 0 0 0 rg BT 351.86 558.55 Td (has ) Tj ET Q q 0 0 0 rg BT 366.20 558.55 Td (been ) Tj ET Q q 0 0 0 rg BT 385.53 558.55 Td (seconded ) Tj ET Q q 0 0 0 rg BT 421.36 558.55 Td (to ) Tj ET Q q 0 0 0 rg BT 430.70 558.55 Td (North ) Tj ET Q q 0 0 0 rg BT 453.53 558.55 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 484.86 558.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 534.18 558.55 Td (from ) Tj ET Q q 0 0 0 rg BT 554.02 558.55 Td (Sevan ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 547.75 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 66.92 547.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 115.78 547.75 Td (AS, ) Tj ET Q q 0 0 0 rg BT 131.95 547.75 Td (a ) Tj ET Q q 0 0 0 rg BT 138.36 547.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 177.78 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.69 547.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 218.10 547.75 Td (and ) Tj ET Q q 0 0 0 rg BT 233.52 547.75 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 257.93 547.75 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 288.84 547.75 Td (Limited ) Tj ET Q q 0 0 0 rg BT 319.58 547.75 Td (The ) Tj ET Q q 0 0 0 rg BT 335.99 547.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 349.39 547.75 Td (was ) Tj ET Q q 0 0 0 rg BT 365.80 547.75 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 383.97 547.75 Td (million, ) Tj ET Q q 0 0 0 rg BT 414.64 547.75 Td (nil ) Tj ET Q q 0 0 0 rg BT 426.56 547.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.97 547.75 Td (nil ) Tj ET Q q 0 0 0 rg BT 453.89 547.75 Td (for ) Tj ET Q q 0 0 0 rg BT 466.80 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.21 547.75 Td (years ) Tj ET Q q 0 0 0 rg BT 501.62 547.75 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.52 547.75 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.95 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 536.95 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 536.95 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 536.95 Td ( ) Tj ET Q q 0 0 0 rg BT 78.75 536.95 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.99 536.95 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.99 536.95 Td ( ) Tj ET Q q 0 0 0 rg BT 114.24 536.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 157.14 536.95 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 508.15 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 508.15 Td (ransactions with Seatankers ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 494.35 Td (Management services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 480.55 Td (The ) Tj ET Q q 0 0 0 rg BT 52.02 480.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.04 480.55 Td (receives ) Tj ET Q q 0 0 0 rg BT 120.55 480.55 Td (corporate ) Tj ET Q q 0 0 0 rg BT 156.55 480.55 Td (management ) Tj ET Q q 0 0 0 rg BT 204.56 480.55 Td (and ) Tj ET Q q 0 0 0 rg BT 219.58 480.55 Td (director ) Tj ET Q q 0 0 0 rg BT 249.59 480.55 Td (services ) Tj ET Q q 0 0 0 rg BT 280.60 480.55 Td (through ) Tj ET Q q 0 0 0 rg BT 310.62 480.55 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 351.63 480.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 400.64 480.55 Td (Norway ) Tj ET Q q 0 0 0 rg BT 431.21 480.55 Td (AS. ) Tj ET Q q 0 0 0 rg BT 446.84 480.55 Td (The ) Tj ET Q q 0 0 0 rg BT 462.86 480.55 Td (fee ) Tj ET Q q 0 0 0 rg BT 475.87 480.55 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.90 480.55 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 509.67 480.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.68 480.55 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.95 480.55 Td (nil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.45 480.55 Td ( ) Tj ET Q q 0 0 0 rg BT 551.48 480.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 566.50 480.55 Td (nil) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 469.75 Td (for ) Tj ET Q q 0 0 0 rg BT 48.74 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 61.99 469.75 Td (years ) Tj ET Q q 0 0 0 rg BT 83.23 469.75 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 106.97 469.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 159.69 469.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.69 469.75 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.19 469.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.19 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 202.44 469.75 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.69 469.75 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.69 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 237.94 469.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 280.83 469.75 Td (. ) Tj ET Q q 0 0 0 rg BT 285.33 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 287.58 469.75 Td (Seatankers ) Tj ET Q q 0 0 0 rg BT 328.82 469.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 378.05 469.75 Td (Norway ) Tj ET Q q 0 0 0 rg BT 408.79 469.75 Td (AS ) Tj ET Q q 0 0 0 rg BT 422.55 469.75 Td (a ) Tj ET Q q 0 0 0 rg BT 428.79 469.75 Td (company ) Tj ET Q q 0 0 0 rg BT 464.03 469.75 Td (which ) Tj ET Q q 0 0 0 rg BT 488.28 469.75 Td (is ) Tj ET Q q 0 0 0 rg BT 496.53 469.75 Td (an ) Tj ET Q q 0 0 0 rg BT 507.27 469.75 Td (af) Tj ET Q q 0 0 0 rg BT 514.10 469.75 Td (filiate ) Tj ET Q q 0 0 0 rg BT 537.34 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 547.09 469.75 Td (Hemen.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 440.95 Td (T) Tj ET Q q 0 0 0 rg BT 41.93 440.95 Td (ransactions with Ship Finance ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 427.15 Td (Sale and leaseback agreement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 413.35 Td (In ) Tj ET Q q 0 0 0 rg BT 46.44 413.35 Td (June ) Tj ET Q q 0 0 0 rg BT 65.87 413.35 Td (2013, ) Tj ET Q q 0 0 0 rg BT 89.06 413.35 Td (the ) Tj ET Q q 0 0 0 rg BT 103.00 413.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.93 413.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 170.35 413.35 Td (into ) Tj ET Q q 0 0 0 rg BT 187.29 413.35 Td (sale ) Tj ET Q q 0 0 0 rg BT 204.22 413.35 Td (and ) Tj ET Q q 0 0 0 rg BT 220.16 413.35 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 258.07 413.35 Td (agreement ) Tj ET Q q 0 0 0 rg BT 298.49 413.35 Td (with ) Tj ET Q q 0 0 0 rg BT 317.43 413.35 Td (Ship ) Tj ET Q q 0 0 0 rg BT 336.87 413.35 Td (Finance ) Tj ET Q q 0 0 0 rg BT 368.30 413.35 Td (for ) Tj ET Q q 0 0 0 rg BT 381.73 413.35 Td (the ) Tj ET Q q 0 0 0 rg BT 395.67 413.35 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 443.60 413.35 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 473.53 413.35 Td (rig, ) Tj ET Q q 0 0 0 rg BT 488.71 413.35 Td (the ) Tj ET Q q 0 0 0 rg BT 502.44 413.35 Td (W) Tj ET Q q 0 0 0 rg BT 510.21 413.35 Td (est ) Tj ET Q q 0 0 0 rg BT 523.15 413.35 Td (Linus ) Tj ET Q q 0 0 0 rg BT 546.59 413.35 Td (for ) Tj ET Q q 0 0 0 rg BT 560.02 413.35 Td (total ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 402.55 Td (consideration ) Tj ET Q q 0 0 0 rg BT 86.99 402.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.00 402.55 Td ($600 ) Tj ET Q q 0 0 0 rg BT 117.51 402.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.51 402.55 Td (. ) Tj ET Q q 0 0 0 rg BT 148.27 402.55 Td (Upon ) Tj ET Q q 0 0 0 rg BT 170.78 402.55 Td (the ) Tj ET Q q 0 0 0 rg BT 184.28 402.55 Td (closing ) Tj ET Q q 0 0 0 rg BT 212.79 402.55 Td (of ) Tj ET Q q 0 0 0 rg BT 222.79 402.55 Td (the ) Tj ET Q q 0 0 0 rg BT 236.29 402.55 Td (agreement, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.53 402.55 Td ($195 ) Tj ET Q q 0 0 0 rg BT 299.04 402.55 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.04 402.55 Td ( ) Tj ET Q q 0 0 0 rg BT 327.55 402.55 Td (was ) Tj ET Q q 0 0 0 rg BT 344.05 402.55 Td (paid ) Tj ET Q q 0 0 0 rg BT 362.06 402.55 Td (to ) Tj ET Q q 0 0 0 rg BT 371.56 402.55 Td (North ) Tj ET Q q 0 0 0 rg BT 394.52 402.55 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 426.02 402.55 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 457.02 402.55 Td (and ) Tj ET Q q 0 0 0 rg BT 472.53 402.55 Td (the ) Tj ET Q q 0 0 0 rg BT 486.03 402.55 Td (remaining ) Tj ET Q q 0 0 0 rg BT 525.02 402.55 Td (balance ) Tj ET Q q 0 0 0 rg BT 555.01 402.55 Td (of ) Tj ET Q q 0 0 0 rg BT 565.02 402.55 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 391.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 69.86 391.75 Td (price ) Tj ET Q q 0 0 0 rg BT 89.72 391.75 Td (was ) Tj ET Q q 0 0 0 rg BT 105.59 391.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 122.96 391.75 Td (to ) Tj ET Q q 0 0 0 rg BT 131.83 391.75 Td (North ) Tj ET Q q 0 0 0 rg BT 154.29 391.75 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 185.16 391.75 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 215.53 391.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 235.41 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.27 391.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 279.64 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 289.01 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 391.75 Td (rig. ) Tj ET Q q 0 0 0 rg BT 315.86 391.75 Td (The ) Tj ET Q q 0 0 0 rg BT 331.60 391.75 Td (W) Tj ET Q q 0 0 0 rg BT 339.37 391.75 Td (est ) Tj ET Q q 0 0 0 rg BT 351.24 391.75 Td (Linus ) Tj ET Q q 0 0 0 rg BT 373.62 391.75 Td (is ) Tj ET Q q 0 0 0 rg BT 381.49 391.75 Td (chartered ) Tj ET Q q 0 0 0 rg BT 416.84 391.75 Td (back ) Tj ET Q q 0 0 0 rg BT 435.71 391.75 Td (to ) Tj ET Q q 0 0 0 rg BT 444.58 391.75 Td (North ) Tj ET Q q 0 0 0 rg BT 467.04 391.75 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 497.90 391.75 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 528.28 391.75 Td (on ) Tj ET Q q 0 0 0 rg BT 539.15 391.75 Td (a ) Tj ET Q q 0 0 0 rg BT 545.02 391.75 Td (bareboat ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 380.95 Td (charter ) Tj ET Q q 0 0 0 rg BT 63.56 380.95 Td (for ) Tj ET Q q 0 0 0 rg BT 76.64 380.95 Td (a ) Tj ET Q q 0 0 0 rg BT 83.21 380.95 Td (period ) Tj ET Q q 0 0 0 rg BT 108.79 380.95 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.87 380.95 Td (15 ) Tj ET Q q 0 0 0 rg BT 130.45 380.95 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.44 380.95 Td (, ) Tj ET Q q 0 0 0 rg BT 154.27 380.95 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 187.85 380.95 Td (to ) Tj ET Q q 0 0 0 rg BT 197.43 380.95 Td (which ) Tj ET Q q 0 0 0 rg BT 222.01 380.95 Td (North ) Tj ET Q q 0 0 0 rg BT 245.01 380.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 276.59 380.95 Td (has ) Tj ET Q q 0 0 0 rg BT 291.17 380.95 Td (been ) Tj ET Q q 0 0 0 rg BT 310.74 380.95 Td (granted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.31 380.95 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.30 380.95 Td ( ) Tj ET Q q 0 0 0 rg BT 357.88 380.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 392.45 380.95 Td (options. ) Tj ET Q q 0 0 0 rg BT 423.78 380.95 Td ( ) Tj ET Q q 0 0 0 rg BT 426.37 380.95 Td (Ship ) Tj ET Q q 0 0 0 rg BT 445.45 380.95 Td (Finance ) Tj ET Q q 0 0 0 rg BT 476.53 380.95 Td (has ) Tj ET Q q 0 0 0 rg BT 491.10 380.95 Td (an ) Tj ET Q q 0 0 0 rg BT 502.18 380.95 Td (option ) Tj ET Q q 0 0 0 rg BT 527.76 380.95 Td (to ) Tj ET Q q 0 0 0 rg BT 537.35 380.95 Td (sell ) Tj ET Q q 0 0 0 rg BT 552.43 380.95 Td (the ) Tj ET Q q 0 0 0 rg BT 566.00 380.95 Td (rig ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 370.15 Td (back ) Tj ET Q q 0 0 0 rg BT 55.06 370.15 Td (to ) Tj ET Q q 0 0 0 rg BT 64.13 370.15 Td (North ) Tj ET Q q 0 0 0 rg BT 86.74 370.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 117.80 370.15 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 148.36 370.15 Td (at ) Tj ET Q q 0 0 0 rg BT 156.93 370.15 Td (the ) Tj ET Q q 0 0 0 rg BT 169.99 370.15 Td (end ) Tj ET Q q 0 0 0 rg BT 185.06 370.15 Td (of ) Tj ET Q q 0 0 0 rg BT 194.62 370.15 Td (the ) Tj ET Q q 0 0 0 rg BT 207.69 370.15 Td (charter ) Tj ET Q q 0 0 0 rg BT 234.73 370.15 Td (period. ) Tj ET Q q 0 0 0 rg BT 262.04 370.15 Td ( ) Tj ET Q q 0 0 0 rg BT 263.96 370.15 Td (The ) Tj ET Q q 0 0 0 rg BT 279.87 370.15 Td (W) Tj ET Q q 0 0 0 rg BT 287.65 370.15 Td (est ) Tj ET Q q 0 0 0 rg BT 299.71 370.15 Td (Linus ) Tj ET Q q 0 0 0 rg BT 322.28 370.15 Td (was ) Tj ET Q q 0 0 0 rg BT 338.35 370.15 Td (delivered ) Tj ET Q q 0 0 0 rg BT 373.90 370.15 Td (from ) Tj ET Q q 0 0 0 rg BT 393.46 370.15 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 370.15 Td (yard ) Tj ET Q q 0 0 0 rg BT 424.59 370.15 Td (in ) Tj ET Q q 0 0 0 rg BT 433.66 370.15 Td (February ) Tj ET Q q 0 0 0 rg BT 468.22 370.15 Td (2014. ) Tj ET Q q 0 0 0 rg BT 490.53 370.15 Td ( ) Tj ET Q q 0 0 0 rg BT 492.15 370.15 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.22 370.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 555.76 370.15 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.76 370.15 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 359.35 Td (the ) Tj ET Q q 0 0 0 rg BT 49.08 359.35 Td (W) Tj ET Q q 0 0 0 rg BT 56.86 359.35 Td (est ) Tj ET Q q 0 0 0 rg BT 69.10 359.35 Td (Linus ) Tj ET Q q 0 0 0 rg BT 91.85 359.35 Td (is ) Tj ET Q q 0 0 0 rg BT 100.11 359.35 Td (reported ) Tj ET Q q 0 0 0 rg BT 132.34 359.35 Td (under ) Tj ET Q q 0 0 0 rg BT 155.08 359.35 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 185.83 359.35 Td (Units ) Tj ET Q q 0 0 0 rg BT 207.58 359.35 Td (in ) Tj ET Q q 0 0 0 rg BT 216.83 359.35 Td (the ) Tj ET Q q 0 0 0 rg BT 230.08 359.35 Td (Company) Tj ET Q q 0 0 0 rg BT 267.58 359.35 Td (s ) Tj ET Q q 0 0 0 rg BT 273.33 359.35 Td (balance ) Tj ET Q q 0 0 0 rg BT 303.06 359.35 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 325.56 359.35 Td (Additional ) Tj ET Q q 0 0 0 rg BT 366.30 359.35 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 405.04 359.35 Td (about ) Tj ET Q q 0 0 0 rg BT 427.29 359.35 Td (the ) Tj ET Q q 0 0 0 rg BT 440.37 359.35 Td (VIE ) Tj ET Q q 0 0 0 rg BT 457.62 359.35 Td (has ) Tj ET Q q 0 0 0 rg BT 471.86 359.35 Td (been ) Tj ET Q q 0 0 0 rg BT 491.10 359.35 Td (provided ) Tj ET Q q 0 0 0 rg BT 525.34 359.35 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.59 359.35 Td (Note ) Tj ET Q q 0 0 0 rg BT 554.34 359.35 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.34 359.35 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 331.75 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 66.58 331.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 101.17 331.75 Td (a ) Tj ET Q q 0 0 0 rg BT 107.76 331.75 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 145.32 331.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.92 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 168.50 331.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 203.08 331.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 232.67 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 242.76 331.75 Td (up ) Tj ET Q q 0 0 0 rg BT 254.35 331.75 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.94 331.75 Td ($525 ) Tj ET Q q 0 0 0 rg BT 284.53 331.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.54 331.75 Td ( ) Tj ET Q q 0 0 0 rg BT 313.13 331.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 338.22 331.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.81 331.75 Td (favor ) Tj ET Q q 0 0 0 rg BT 369.39 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 379.48 331.75 Td (Ship ) Tj ET Q q 0 0 0 rg BT 398.58 331.75 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 431.91 331.75 Td (which ) Tj ET Q q 0 0 0 rg BT 456.50 331.75 Td (was ) Tj ET Q q 0 0 0 rg BT 473.09 331.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 503.66 331.75 Td (in ) Tj ET Q q 0 0 0 rg BT 513.25 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 526.84 331.75 Td (event ) Tj ET Q q 0 0 0 rg BT 548.92 331.75 Td (that ) Tj ET Q q 0 0 0 rg BT 565.01 331.75 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.95 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 320.95 Td (est ) Tj ET Q q 0 0 0 rg BT 55.92 320.95 Td (Linus ) Tj ET Q q 0 0 0 rg BT 78.57 320.95 Td (was ) Tj ET Q q 0 0 0 rg BT 94.72 320.95 Td (not ) Tj ET Q q 0 0 0 rg BT 108.37 320.95 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 167.01 320.95 Td (accepted ) Tj ET Q q 0 0 0 rg BT 200.63 320.95 Td (by ) Tj ET Q q 0 0 0 rg BT 211.78 320.95 Td (the ) Tj ET Q q 0 0 0 rg BT 224.93 320.95 Td (charterer ) Tj ET Q q 0 0 0 rg BT 259.05 320.95 Td (by ) Tj ET Q q 0 0 0 rg BT 270.20 320.95 Td (June ) Tj ET Q q 0 0 0 rg BT 288.85 320.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 302.25 320.95 Td (2014. ) Tj ET Q q 0 0 0 rg BT 324.49 320.95 Td (The ) Tj ET Q q 0 0 0 rg BT 340.63 320.95 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 377.76 320.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 411.90 320.95 Td (by ) Tj ET Q q 0 0 0 rg BT 423.05 320.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 453.19 320.95 Td (commenced ) Tj ET Q q 0 0 0 rg BT 498.82 320.95 Td (on ) Tj ET Q q 0 0 0 rg BT 509.97 320.95 Td (February ) Tj ET Q q 0 0 0 rg BT 544.61 320.95 Td (13, ) Tj ET Q q 0 0 0 rg BT 558.01 320.95 Td (2014 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 310.15 Td (and ) Tj ET Q q 0 0 0 rg BT 51.24 310.15 Td (expired ) Tj ET Q q 0 0 0 rg BT 80.48 310.15 Td (in ) Tj ET Q q 0 0 0 rg BT 89.73 310.15 Td (May ) Tj ET Q q 0 0 0 rg BT 108.48 310.15 Td (2014. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 282.55 Td (Related Party Loan) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 107.99 282.55 Td ( Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 268.75 Td (Ship ) Tj ET Q q 0 0 0 rg BT 54.51 268.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 85.01 268.75 Td (granted ) Tj ET Q q 0 0 0 rg BT 114.00 268.75 Td (the ) Tj ET Q q 0 0 0 rg BT 126.86 268.75 Td (VIE ) Tj ET Q q 0 0 0 rg BT 143.86 268.75 Td (company) Tj ET Q q 0 0 0 rg BT 176.27 268.75 Td (, ) Tj ET Q q 0 0 0 rg BT 180.53 268.75 Td (SFL) Tj ET Q q 0 0 0 rg BT 195.70 268.75 Td ( ) Tj ET Q q 0 0 0 rg BT 197.71 268.75 Td (Linus ) Tj ET Q q 0 0 0 rg BT 220.22 268.75 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 239.22 268.75 Td (an ) Tj ET Q q 0 0 0 rg BT 249.72 268.75 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 288.21 268.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.72 268.75 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.22 268.75 Td ($195 ) Tj ET Q q 0 0 0 rg BT 335.23 268.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.23 268.75 Td ( ) Tj ET Q q 0 0 0 rg BT 363.24 268.75 Td (on ) Tj ET Q q 0 0 0 rg BT 374.24 268.75 Td (June28, ) Tj ET Q q 0 0 0 rg BT 406.25 268.75 Td (2013 ) Tj ET Q q 0 0 0 rg BT 426.26 268.75 Td (to ) Tj ET Q q 0 0 0 rg BT 435.26 268.75 Td (be ) Tj ET Q q 0 0 0 rg BT 445.77 268.75 Td (repaid ) Tj ET Q q 0 0 0 rg BT 470.26 268.75 Td (at ) Tj ET Q q 0 0 0 rg BT 478.76 268.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.77 268.75 Td (earlier ) Tj ET Q q 0 0 0 rg BT 516.75 268.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.26 268.75 Td (June ) Tj ET Q q 0 0 0 rg BT 544.76 268.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 558.02 268.75 Td (2029 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 257.95 Td (or ) Tj ET Q q 0 0 0 rg BT 46.29 257.95 Td (date ) Tj ET Q q 0 0 0 rg BT 64.06 257.95 Td (of ) Tj ET Q q 0 0 0 rg BT 74.35 257.95 Td (sale ) Tj ET Q q 0 0 0 rg BT 91.13 257.95 Td (of ) Tj ET Q q 0 0 0 rg BT 101.42 257.95 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.20 257.95 Td (W) Tj ET Q q 0 0 0 rg BT 121.87 257.95 Td (est ) Tj ET Q q 0 0 0 rg BT 134.66 257.95 Td (Linus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.45 257.95 Td (rig. ) Tj ET Q q 0 0 0 rg BT 172.49 257.95 Td ( ) Tj ET Q q 0 0 0 rg BT 175.08 257.95 Td (While ) Tj ET Q q 0 0 0 rg BT 199.86 257.95 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 257.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 231.92 257.95 Td (did ) Tj ET Q q 0 0 0 rg BT 246.21 257.95 Td (not ) Tj ET Q q 0 0 0 rg BT 260.50 257.95 Td (initially ) Tj ET Q q 0 0 0 rg BT 291.29 257.95 Td (bear ) Tj ET Q q 0 0 0 rg BT 309.56 257.95 Td (interest, ) Tj ET Q q 0 0 0 rg BT 341.09 257.95 Td (Ship ) Tj ET Q q 0 0 0 rg BT 360.39 257.95 Td (Finance ) Tj ET Q q 0 0 0 rg BT 391.66 257.95 Td (reserved ) Tj ET Q q 0 0 0 rg BT 424.93 257.95 Td (the ) Tj ET Q q 0 0 0 rg BT 438.72 257.95 Td (right ) Tj ET Q q 0 0 0 rg BT 458.50 257.95 Td (to ) Tj ET Q q 0 0 0 rg BT 468.29 257.95 Td (char) Tj ET Q q 0 0 0 rg BT 483.62 257.95 Td (ge ) Tj ET Q q 0 0 0 rg BT 494.90 257.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 524.18 257.95 Td (after ) Tj ET Q q 0 0 0 rg BT 543.45 257.95 Td (the ) Tj ET Q q 0 0 0 rg BT 557.23 257.95 Td (rig ) Tj ET Q q 0 0 0 rg BT 570.02 257.95 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 247.15 Td (delivered ) Tj ET Q q 0 0 0 rg BT 71.78 247.15 Td (from ) Tj ET Q q 0 0 0 rg BT 91.58 247.15 Td (the ) Tj ET Q q 0 0 0 rg BT 104.87 247.15 Td (shipyard. ) Tj ET Q q 0 0 0 rg BT 140.42 247.15 Td ( ) Tj ET Q q 0 0 0 rg BT 142.72 247.15 Td (SFL) Tj ET Q q 0 0 0 rg BT 157.89 247.15 Td ( ) Tj ET Q q 0 0 0 rg BT 160.20 247.15 Td (Linus ) Tj ET Q q 0 0 0 rg BT 183.00 247.15 Td (repaid ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.78 247.15 Td ($70 ) Tj ET Q q 0 0 0 rg BT 223.58 247.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.59 247.15 Td ( ) Tj ET Q q 0 0 0 rg BT 251.89 247.15 Td (during ) Tj ET Q q 0 0 0 rg BT 277.69 247.15 Td (the ) Tj ET Q q 0 0 0 rg BT 290.98 247.15 Td (first ) Tj ET Q q 0 0 0 rg BT 307.78 247.15 Td (quarter ) Tj ET Q q 0 0 0 rg BT 335.57 247.15 Td (in ) Tj ET Q q 0 0 0 rg BT 344.87 247.15 Td (2014 ) Tj ET Q q 0 0 0 rg BT 365.17 247.15 Td (and ) Tj ET Q q 0 0 0 rg BT 380.46 247.15 Td (the ) Tj ET Q q 0 0 0 rg BT 393.76 247.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 438.06 247.15 Td (balance ) Tj ET Q q 0 0 0 rg BT 467.84 247.15 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.63 247.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 529.41 247.15 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.41 247.15 Td ( ) Tj ET Q q 0 0 0 rg BT 549.71 247.15 Td (is ) Tj ET Q q 0 0 0 rg BT 558.01 247.15 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.51 247.15 Td (125 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 236.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 236.35 Td ( ) Tj ET Q q 0 0 0 rg BT 63.96 236.35 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.96 236.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 119.39 236.35 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.39 236.35 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.84 236.35 Td ($125.0 ) Tj ET Q q 0 0 0 rg BT 168.55 236.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.55 236.35 Td (\). ) Tj ET Q q 0 0 0 rg BT 201.75 236.35 Td (Commencing ) Tj ET Q q 0 0 0 rg BT 252.20 236.35 Td (in ) Tj ET Q q 0 0 0 rg BT 261.16 236.35 Td (February ) Tj ET Q q 0 0 0 rg BT 295.60 236.35 Td (2014, ) Tj ET Q q 0 0 0 rg BT 317.81 236.35 Td (the ) Tj ET Q q 0 0 0 rg BT 330.76 236.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 348.21 236.35 Td (bore ) Tj ET Q q 0 0 0 rg BT 366.16 236.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 394.60 236.35 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.06 236.35 Td (4.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.80 236.35 Td ( ) Tj ET Q q 0 0 0 rg BT 424.76 236.35 Td (per ) Tj ET Q q 0 0 0 rg BT 438.21 236.35 Td (annum. ) Tj ET Q q 0 0 0 rg BT 466.76 236.35 Td (The ) Tj ET Q q 0 0 0 rg BT 482.71 236.35 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 516.65 236.35 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 236.35 Td (this ) Tj ET Q q 0 0 0 rg BT 541.06 236.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 558.51 236.35 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 225.55 Td (used ) Tj ET Q q 0 0 0 rg BT 54.50 225.55 Td (to ) Tj ET Q q 0 0 0 rg BT 63.51 225.55 Td (finance ) Tj ET Q q 0 0 0 rg BT 91.99 225.55 Td (the ) Tj ET Q q 0 0 0 rg BT 104.99 225.55 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 146.49 225.55 Td (of ) Tj ET Q q 0 0 0 rg BT 155.99 225.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 168.99 225.55 Td (W) Tj ET Q q 0 0 0 rg BT 175.67 225.55 Td (est ) Tj ET Q q 0 0 0 rg BT 187.67 225.55 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.68 225.55 Td (. ) Tj ET Q q 0 0 0 rg BT 211.79 225.55 Td (The ) Tj ET Q q 0 0 0 rg BT 227.78 225.55 Td (loan ) Tj ET Q q 0 0 0 rg BT 245.28 225.55 Td (was ) Tj ET Q q 0 0 0 rg BT 261.28 225.55 Td (presented ) Tj ET Q q 0 0 0 rg BT 297.77 225.55 Td (as ) Tj ET Q q 0 0 0 rg BT 307.28 225.55 Td (long ) Tj ET Q q 0 0 0 rg BT 325.28 225.55 Td (term ) Tj ET Q q 0 0 0 rg BT 343.78 225.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 361.28 225.55 Td (to ) Tj ET Q q 0 0 0 rg BT 370.28 225.55 Td (related ) Tj ET Q q 0 0 0 rg BT 396.77 225.55 Td (party ) Tj ET Q q 0 0 0 rg BT 417.27 225.55 Td (on ) Tj ET Q q 0 0 0 rg BT 428.27 225.55 Td (our ) Tj ET Q q 0 0 0 rg BT 442.27 225.55 Td (balance ) Tj ET Q q 0 0 0 rg BT 471.76 225.55 Td (sheet ) Tj ET Q q 0 0 0 rg BT 492.26 225.55 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.26 225.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 555.74 225.55 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.74 225.55 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 214.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 65.24 214.75 Td (char) Tj ET Q q 0 0 0 rg BT 80.56 214.75 Td (ged ) Tj ET Q q 0 0 0 rg BT 95.81 214.75 Td (by ) Tj ET Q q 0 0 0 rg BT 107.06 214.75 Td (Ship ) Tj ET Q q 0 0 0 rg BT 125.81 214.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 156.55 214.75 Td (for ) Tj ET Q q 0 0 0 rg BT 169.29 214.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.54 214.75 Td (year ) Tj ET Q q 0 0 0 rg BT 200.28 214.75 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.02 214.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 276.74 214.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.74 214.75 Td (, ) Tj ET Q q 0 0 0 rg BT 299.24 214.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.49 214.75 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 333.49 214.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.49 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 361.74 214.75 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.74 214.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.74 214.75 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.49 214.75 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 405.49 214.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.49 214.75 Td (\).) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 187.15 Td ($475 million) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 82.76 187.15 Td ( Secured Credit Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 173.35 Td (On ) Tj ET Q q 0 0 0 rg BT 49.30 173.35 Td (October ) Tj ET Q q 0 0 0 rg BT 80.58 173.35 Td (17, ) Tj ET Q q 0 0 0 rg BT 94.13 173.35 Td (2013, ) Tj ET Q q 0 0 0 rg BT 116.68 173.35 Td (SFL) Tj ET Q q 0 0 0 rg BT 131.85 173.35 Td ( ) Tj ET Q q 0 0 0 rg BT 134.15 173.35 Td (Linus ) Tj ET Q q 0 0 0 rg BT 156.94 173.35 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 173.99 173.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 202.77 173.35 Td (into ) Tj ET Q q 0 0 0 rg BT 219.07 173.35 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.36 173.35 Td ($475 ) Tj ET Q q 0 0 0 rg BT 245.66 173.35 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.66 173.35 Td ( ) Tj ET Q q 0 0 0 rg BT 273.96 173.35 Td (secured ) Tj ET Q q 0 0 0 rg BT 303.74 173.35 Td (term ) Tj ET Q q 0 0 0 rg BT 322.53 173.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 340.32 173.35 Td (and ) Tj ET Q q 0 0 0 rg BT 355.61 173.35 Td (revolving ) Tj ET Q q 0 0 0 rg BT 392.40 173.35 Td (credit ) Tj ET Q q 0 0 0 rg BT 415.19 173.35 Td (facility ) Tj ET Q q 0 0 0 rg BT 442.97 173.35 Td (with ) Tj ET Q q 0 0 0 rg BT 461.27 173.35 Td (a ) Tj ET Q q 0 0 0 rg BT 467.56 173.35 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 503.85 173.35 Td (of ) Tj ET Q q 0 0 0 rg BT 513.64 173.35 Td (banks ) Tj ET Q q 0 0 0 rg BT 536.94 173.35 Td (to ) Tj ET Q q 0 0 0 rg BT 546.23 173.35 Td (fund ) Tj ET Q q 0 0 0 rg BT 565.03 173.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.55 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 77.50 162.55 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.99 162.55 Td (W) Tj ET Q q 0 0 0 rg BT 93.67 162.55 Td (est ) Tj ET Q q 0 0 0 rg BT 105.67 162.55 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.67 162.55 Td (, ) Tj ET Q q 0 0 0 rg BT 129.93 162.55 Td (which ) Tj ET Q q 0 0 0 rg BT 153.92 162.55 Td (was ) Tj ET Q q 0 0 0 rg BT 169.92 162.55 Td (pledged ) Tj ET Q q 0 0 0 rg BT 200.41 162.55 Td (as ) Tj ET Q q 0 0 0 rg BT 209.91 162.55 Td (security ) Tj ET Q q 0 0 0 rg BT 240.40 162.55 Td (thereunder) Tj ET Q q 0 0 0 rg BT 278.38 162.55 Td (. ) Tj ET Q q 0 0 0 rg BT 282.64 162.55 Td ( ) Tj ET Q q 0 0 0 rg BT 284.49 162.55 Td (The ) Tj ET Q q 0 0 0 rg BT 300.49 162.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 327.98 162.55 Td (bears ) Tj ET Q q 0 0 0 rg BT 348.97 162.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.46 162.55 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.96 162.55 Td (LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.96 162.55 Td ( ) Tj ET Q q 0 0 0 rg BT 414.96 162.55 Td (plus ) Tj ET Q q 0 0 0 rg BT 431.96 162.55 Td (a ) Tj ET Q q 0 0 0 rg BT 437.96 162.55 Td (mar) Tj ET Q q 0 0 0 rg BT 451.79 162.55 Td (gin ) Tj ET Q q 0 0 0 rg BT 465.29 162.55 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.79 162.55 Td (2.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.04 162.55 Td ( ) Tj ET Q q 0 0 0 rg BT 500.04 162.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.04 162.55 Td (is ) Tj ET Q q 0 0 0 rg BT 523.04 162.55 Td (repayable ) Tj ET Q q 0 0 0 rg BT 560.02 162.55 Td (over ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.75 Td (a ) Tj ET Q q 0 0 0 rg BT 41.84 151.75 Td (term ) Tj ET Q q 0 0 0 rg BT 60.19 151.75 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.53 151.75 Td (five) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.52 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.37 151.75 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.36 151.75 Td (. ) Tj ET Q q 0 0 0 rg BT 108.46 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 110.18 151.75 Td (The ) Tj ET Q q 0 0 0 rg BT 126.02 151.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 169.87 151.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 199.19 151.75 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.54 151.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 259.86 151.75 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.86 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 279.71 151.75 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.56 151.75 Td ($354.0 ) Tj ET Q q 0 0 0 rg BT 322.16 151.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.16 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 350.01 151.75 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 151.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 405.33 151.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.33 151.75 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.68 151.75 Td ($451.3 ) Tj ET Q q 0 0 0 rg BT 454.28 151.75 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.28 151.75 Td (\). ) Tj ET Q q 0 0 0 rg BT 487.38 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 489.23 151.75 Td (In ) Tj ET Q q 0 0 0 rg BT 498.57 151.75 Td (February ) Tj ET Q q 0 0 0 rg BT 532.91 151.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 555.01 151.75 Td (North ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.95 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 67.46 140.95 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 98.42 140.95 Td (received ) Tj ET Q q 0 0 0 rg BT 131.36 140.95 Td (approval ) Tj ET Q q 0 0 0 rg BT 165.32 140.95 Td (to ) Tj ET Q q 0 0 0 rg BT 174.78 140.95 Td (amend ) Tj ET Q q 0 0 0 rg BT 201.24 140.95 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.21 140.95 Td ($475 ) Tj ET Q q 0 0 0 rg BT 232.68 140.95 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.68 140.95 Td ( ) Tj ET Q q 0 0 0 rg BT 261.15 140.95 Td (Credit ) Tj ET Q q 0 0 0 rg BT 286.11 140.95 Td (Facility) Tj ET Q q 0 0 0 rg BT 313.02 140.95 Td (. ) Tj ET Q q 0 0 0 rg BT 317.74 140.95 Td (Under ) Tj ET Q q 0 0 0 rg BT 342.69 140.95 Td (the ) Tj ET Q q 0 0 0 rg BT 356.15 140.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 378.62 140.95 Td (of ) Tj ET Q q 0 0 0 rg BT 388.58 140.95 Td (the ) Tj ET Q q 0 0 0 rg BT 402.04 140.95 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 444.23 140.95 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 474.69 140.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 508.15 140.95 Td (a ) Tj ET Q q 0 0 0 rg BT 514.61 140.95 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 552.06 140.95 Td (for ) Tj ET Q q 0 0 0 rg BT 565.02 140.95 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 63.59 130.15 Td (in ) Tj ET Q q 0 0 0 rg BT 72.69 130.15 Td (exchange ) Tj ET Q q 0 0 0 rg BT 108.77 130.15 Td (for ) Tj ET Q q 0 0 0 rg BT 121.36 130.15 Td (amendments ) Tj ET Q q 0 0 0 rg BT 168.95 130.15 Td (to ) Tj ET Q q 0 0 0 rg BT 178.05 130.15 Td (the ) Tj ET Q q 0 0 0 rg BT 191.15 130.15 Td (covenant ) Tj ET Q q 0 0 0 rg BT 225.73 130.15 Td (package, ) Tj ET Q q 0 0 0 rg BT 259.56 130.15 Td (principally ) Tj ET Q q 0 0 0 rg BT 300.65 130.15 Td (replacing ) Tj ET Q q 0 0 0 rg BT 336.23 130.15 Td (the ) Tj ET Q q 0 0 0 rg BT 349.33 130.15 Td (Company's ) Tj ET Q q 0 0 0 rg BT 391.55 130.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.14 130.15 Td (covenants ) Tj ET Q q 0 0 0 rg BT 463.22 130.15 Td (with ) Tj ET Q q 0 0 0 rg BT 481.32 130.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.91 130.15 Td (covenants ) Tj ET Q q 0 0 0 rg BT 552.99 130.15 Td (within ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 119.35 Td (Seadrill's ) Tj ET Q q 0 0 0 rg BT 71.37 119.35 Td (secured ) Tj ET Q q 0 0 0 rg BT 101.10 119.35 Td (credit ) Tj ET Q q 0 0 0 rg BT 123.84 119.35 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 159.32 119.35 Td ( ) Tj ET Q q 0 0 0 rg BT 161.41 119.35 Td (The ) Tj ET Q q 0 0 0 rg BT 177.65 119.35 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 214.88 119.35 Td (fee ) Tj ET Q q 0 0 0 rg BT 228.12 119.35 Td (char) Tj ET Q q 0 0 0 rg BT 243.44 119.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 258.68 119.35 Td (by ) Tj ET Q q 0 0 0 rg BT 269.93 119.35 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 300.18 119.35 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.43 119.35 Td (0.3%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.18 119.35 Td ( ) Tj ET Q q 0 0 0 rg BT 329.43 119.35 Td (per ) Tj ET Q q 0 0 0 rg BT 343.17 119.35 Td (annum ) Tj ET Q q 0 0 0 rg BT 369.91 119.35 Td (of ) Tj ET Q q 0 0 0 rg BT 379.66 119.35 Td (the ) Tj ET Q q 0 0 0 rg BT 392.91 119.35 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 437.15 119.35 Td (principal.) 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Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 522.96 Td (186.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 522.96 Td (186.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 508.96 Td (NOK1,500 Senior Unsecured Bond, Seadrill share 5.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 508.96 Td (9.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 508.96 Td (11.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 494.96 Td (Non-current related party loan from Ship Finance *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 494.96 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 494.96 Td (110.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 480.95 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 480.95 Td (otal long term debt to r) Tj ET Q q 0 0 0 rg BT 133.25 480.95 Td (elated party) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 480.95 Td (321.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 480.95 Td (308.4) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 449.40 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 82.17 449.40 Td (and ) Tj ET Q q 0 0 0 rg BT 97.86 449.40 Td (payables ) Tj ET Q q 0 0 0 rg BT 132.04 449.40 Td (with ) Tj ET Q q 0 0 0 rg BT 150.74 449.40 Td (related ) Tj ET Q q 0 0 0 rg BT 177.91 449.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 204.60 449.40 Td (arise ) Tj ET Q q 0 0 0 rg BT 224.28 449.40 Td (when ) Tj ET Q q 0 0 0 rg BT 246.47 449.40 Td (the ) Tj ET Q q 0 0 0 rg BT 260.16 449.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.85 449.40 Td (pays ) Tj ET Q q 0 0 0 rg BT 317.04 449.40 Td (an ) Tj ET Q q 0 0 0 rg BT 328.23 449.40 Td (invoice ) Tj ET Q q 0 0 0 rg BT 357.41 449.40 Td (on ) Tj ET Q q 0 0 0 rg BT 369.11 449.40 Td (behalf ) Tj ET Q q 0 0 0 rg BT 394.29 449.40 Td (of ) Tj ET Q q 0 0 0 rg BT 404.48 449.40 Td (a ) Tj ET Q q 0 0 0 rg BT 411.17 449.40 Td (related ) Tj ET Q q 0 0 0 rg BT 438.34 449.40 Td (party ) Tj ET Q q 0 0 0 rg BT 459.53 449.40 Td (and ) Tj ET Q q 0 0 0 rg BT 475.22 449.40 Td (vice ) Tj ET Q q 0 0 0 rg BT 492.90 449.40 Td (versa. ) Tj ET Q q 0 0 0 rg BT 516.83 449.40 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 563.01 449.40 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 438.60 Td (payables ) Tj ET Q q 0 0 0 rg BT 69.74 438.60 Td (are ) Tj ET Q q 0 0 0 rg BT 82.97 438.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 118.71 438.60 Td (settled ) Tj ET Q q 0 0 0 rg BT 144.45 438.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 176.70 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 185.95 438.60 Td (arrears. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 411.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 58.47 411.00 Td (than ) Tj ET Q q 0 0 0 rg BT 75.95 411.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.93 411.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 109.91 411.00 Td (specifically ) Tj ET Q q 0 0 0 rg BT 153.37 411.00 Td (mentioned, ) Tj ET Q q 0 0 0 rg BT 195.60 411.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.58 411.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 241.06 411.00 Td (due ) Tj ET Q q 0 0 0 rg BT 256.03 411.00 Td (to ) Tj ET Q q 0 0 0 rg BT 265.02 411.00 Td (and ) Tj ET Q q 0 0 0 rg BT 280.00 411.00 Td (from ) Tj ET Q q 0 0 0 rg BT 299.47 411.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 329.45 411.00 Td (Limited ) Tj ET Q q 0 0 0 rg BT 359.93 411.00 Td (and ) Tj ET Q q 0 0 0 rg BT 374.90 411.00 Td (its ) Tj ET Q q 0 0 0 rg BT 385.39 411.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 429.87 411.00 Td (under ) Tj ET Q q 0 0 0 rg BT 452.34 411.00 Td (business ) Tj ET Q q 0 0 0 rg BT 484.83 411.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 524.30 411.00 Td (are ) Tj ET Q q 0 0 0 rg BT 537.27 411.00 Td (unsecured, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 400.20 Td (interest-free ) Tj ET Q q 0 0 0 rg BT 81.72 400.20 Td (and ) Tj ET Q q 0 0 0 rg BT 96.97 400.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 130.21 400.20 Td (to ) Tj ET Q q 0 0 0 rg BT 139.46 400.20 Td (be ) Tj ET Q q 0 0 0 rg BT 150.20 400.20 Td (settled ) Tj ET Q q 0 0 0 rg BT 175.94 400.20 Td (in ) Tj ET Q q 0 0 0 rg BT 185.19 400.20 Td (the ) Tj ET Q q 0 0 0 rg BT 198.44 400.20 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 231.18 400.20 Td (course ) Tj ET Q q 0 0 0 rg BT 256.92 400.20 Td (of ) Tj ET Q q 0 0 0 rg BT 266.66 400.20 Td (business. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 372.60 Td (* ) Tj ET Q q 0 0 0 rg BT 42.92 372.60 Td (Historically ) Tj ET Q q 0 0 0 rg BT 87.83 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.24 372.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.66 372.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 175.56 372.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 208.96 372.60 Td (due ) Tj ET Q q 0 0 0 rg BT 224.37 372.60 Td (to/from ) Tj ET Q q 0 0 0 rg BT 253.78 372.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 272.71 372.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 303.61 372.60 Td (on ) Tj ET Q q 0 0 0 rg BT 315.03 372.60 Td (a ) Tj ET Q q 0 0 0 rg BT 321.45 372.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 342.87 372.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 365.53 372.60 Td (From ) Tj ET Q q 0 0 0 rg BT 387.45 372.60 Td (June ) Tj ET Q q 0 0 0 rg BT 406.37 372.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 420.04 372.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 440.46 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.87 372.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.28 372.60 Td (has ) Tj ET Q q 0 0 0 rg BT 505.70 372.60 Td (elected ) Tj ET Q q 0 0 0 rg BT 533.60 372.60 Td (to ) Tj ET Q q 0 0 0 rg BT 543.02 372.60 Td (represent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 361.80 Td (this ) Tj ET Q q 0 0 0 rg BT 51.27 361.80 Td (on ) Tj ET Q q 0 0 0 rg BT 62.54 361.80 Td (a ) Tj ET Q q 0 0 0 rg BT 68.81 361.80 Td (net ) Tj ET Q q 0 0 0 rg BT 82.07 361.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 104.59 361.80 Td (due ) Tj ET Q q 0 0 0 rg BT 119.86 361.80 Td (to ) Tj ET Q q 0 0 0 rg BT 129.13 361.80 Td (the ) Tj ET Q q 0 0 0 rg BT 142.39 361.80 Td (fact ) Tj ET Q q 0 0 0 rg BT 158.15 361.80 Td (that ) Tj ET Q q 0 0 0 rg BT 173.92 361.80 Td (the ) Tj ET Q q 0 0 0 rg BT 187.18 361.80 Td (right ) Tj ET Q q 0 0 0 rg BT 206.45 361.80 Td (of ) Tj ET Q q 0 0 0 rg BT 216.22 361.80 Td (of) Tj ET Q q 0 0 0 rg BT 223.55 361.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 238.82 361.80 Td (is ) Tj ET Q q 0 0 0 rg BT 247.09 361.80 Td (established ) Tj ET Q q 0 0 0 rg BT 289.35 361.80 Td (in ) Tj ET Q q 0 0 0 rg BT 298.62 361.80 Td (the ) Tj ET Q q 0 0 0 rg BT 311.88 361.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 349.64 361.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 367.41 361.80 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 412.91 361.80 Td (and ) Tj ET Q q 0 0 0 rg BT 428.17 361.80 Td (the ) Tj ET Q q 0 0 0 rg BT 441.44 361.80 Td (balances ) Tj ET Q q 0 0 0 rg BT 474.69 361.80 Td (are ) Tj ET Q q 0 0 0 rg BT 487.95 361.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 521.21 361.80 Td (to ) Tj ET Q q 0 0 0 rg BT 530.48 361.80 Td (be ) Tj ET Q q 0 0 0 rg BT 541.24 361.80 Td (settled ) Tj ET Q q 0 0 0 rg BT 567.00 361.80 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.00 Td (a ) Tj ET Q q 0 0 0 rg BT 41.84 351.00 Td (net ) Tj ET Q q 0 0 0 rg BT 54.69 351.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 76.78 351.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 113.63 351.00 Td (a ) Tj ET Q q 0 0 0 rg BT 119.47 351.00 Td (more ) Tj ET Q q 0 0 0 rg BT 139.81 351.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 182.64 351.00 Td (description ) Tj ET Q q 0 0 0 rg BT 224.48 351.00 Td (of ) Tj ET Q q 0 0 0 rg BT 233.82 351.00 Td (the ) Tj ET Q q 0 0 0 rg BT 246.67 351.00 Td (Company) Tj ET Q q 0 0 0 rg BT 284.17 351.00 Td (s ) Tj ET Q q 0 0 0 rg BT 289.52 351.00 Td (related ) Tj ET Q q 0 0 0 rg BT 315.85 351.00 Td (party ) Tj ET Q q 0 0 0 rg BT 336.19 351.00 Td (net ) Tj ET Q q 0 0 0 rg BT 349.03 351.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 366.37 351.00 Td (position. ) Tj ET Q q 0 0 0 rg BT 399.07 351.00 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 445.90 351.00 Td (the ) Tj ET Q q 0 0 0 rg BT 458.75 351.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 495.59 351.00 Td (has ) Tj ET Q q 0 0 0 rg BT 509.44 351.00 Td (re-presented ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.76 351.00 Td ($14.3 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 340.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 340.20 Td ( ) Tj ET Q q 0 0 0 rg BT 63.97 340.20 Td (as ) Tj ET Q q 0 0 0 rg BT 73.44 340.20 Td (at ) Tj ET Q q 0 0 0 rg BT 81.90 340.20 Td (December ) Tj ET Q q 0 0 0 rg BT 120.85 340.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 134.06 340.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 156.28 340.20 Td (from ) Tj ET Q q 0 0 0 rg BT 175.31 340.20 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 210.28 340.20 Td (due ) Tj ET Q q 0 0 0 rg BT 225.25 340.20 Td (from ) Tj ET Q q 0 0 0 rg BT 244.71 340.20 Td (related ) Tj ET Q q 0 0 0 rg BT 271.16 340.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 297.12 340.20 Td (\(Current ) Tj ET Q q 0 0 0 rg BT 329.58 340.20 Td (assets\) ) Tj ET Q q 0 0 0 rg BT 355.54 340.20 Td (and ) Tj ET Q q 0 0 0 rg BT 370.50 340.20 Td (of) Tj ET Q q 0 0 0 rg BT 377.84 340.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 392.80 340.20 Td (against ) Tj ET Q q 0 0 0 rg BT 420.26 340.20 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 460.72 340.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 478.18 340.20 Td (due ) Tj ET Q q 0 0 0 rg BT 493.15 340.20 Td (to ) Tj ET Q q 0 0 0 rg BT 502.12 340.20 Td (related ) Tj ET Q q 0 0 0 rg BT 528.57 340.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 554.52 340.20 Td (\(Non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.40 Td (current ) Tj ET Q q 0 0 0 rg BT 63.71 329.40 Td (liabilities\). ) Tj ET Q q 0 0 0 rg BT 104.52 329.40 Td (There ) Tj ET Q q 0 0 0 rg BT 127.73 329.40 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.96 329.40 Td (no) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.96 329.40 Td ( ) Tj ET Q q 0 0 0 rg BT 147.19 329.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 200.91 329.40 Td (of) Tj ET Q q 0 0 0 rg BT 208.24 329.40 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 237.46 329.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 264.18 329.40 Td (as ) Tj ET Q q 0 0 0 rg BT 273.91 329.40 Td (at ) Tj ET Q q 0 0 0 rg BT 282.63 329.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 335.33 329.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 355.56 329.40 Td (as ) Tj ET Q q 0 0 0 rg BT 365.29 329.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.51 329.40 Td (short ) Tj ET Q q 0 0 0 rg BT 398.74 329.40 Td (term ) Tj ET Q q 0 0 0 rg BT 417.46 329.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 445.18 329.40 Td (balances ) Tj ET Q q 0 0 0 rg BT 478.39 329.40 Td (are ) Tj ET Q q 0 0 0 rg BT 491.60 329.40 Td (in ) Tj ET Q q 0 0 0 rg BT 500.83 329.40 Td (a ) Tj ET Q q 0 0 0 rg BT 507.06 329.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 537.28 329.40 Td (position ) Tj ET Q q 0 0 0 rg BT 568.51 329.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 318.60 Td ($23.2 ) Tj ET Q q 0 0 0 rg BT 58.50 318.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.50 318.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 276.00 Td (Note 22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 276.00 Td ( Risk management and financial instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 248.40 Td (The ) Tj ET Q q 0 0 0 rg BT 51.98 248.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 84.45 248.40 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 248.40 Td (our ) Tj ET Q q 0 0 0 rg BT 107.92 248.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 128.90 248.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 161.38 248.40 Td (from ) Tj ET Q q 0 0 0 rg BT 180.86 248.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.84 248.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 235.94 248.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 264.43 248.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 279.91 248.40 Td (are ) Tj ET Q q 0 0 0 rg BT 292.88 248.40 Td (receivable ) Tj ET Q q 0 0 0 rg BT 331.84 248.40 Td (in ) Tj ET Q q 0 0 0 rg BT 340.82 248.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 358.81 248.40 Td (dollars ) Tj ET Q q 0 0 0 rg BT 385.29 248.40 Td (and ) Tj ET Q q 0 0 0 rg BT 400.27 248.40 Td (the ) Tj ET Q q 0 0 0 rg BT 413.25 248.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 445.73 248.40 Td (of ) Tj ET Q q 0 0 0 rg BT 455.21 248.40 Td (the ) Tj ET Q q 0 0 0 rg BT 468.19 248.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 510.29 248.40 Td (other ) Tj ET Q q 0 0 0 rg BT 530.77 248.40 Td (transactions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 237.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 59.60 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 75.21 237.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 111.31 237.60 Td (are ) Tj ET Q q 0 0 0 rg BT 124.90 237.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 173.99 237.60 Td (in ) Tj ET Q q 0 0 0 rg BT 183.60 237.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 202.21 237.60 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 231.56 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.17 237.60 Td (functional ) Tj ET Q q 0 0 0 rg BT 284.26 237.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 318.35 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.45 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.05 237.60 Td (Company) Tj ET Q q 0 0 0 rg BT 376.47 237.60 Td (. ) Tj ET Q q 0 0 0 rg BT 381.32 237.60 Td ( ) Tj ET Q q 0 0 0 rg BT 383.74 237.60 Td (The ) Tj ET Q q 0 0 0 rg BT 400.34 237.60 Td (Company) Tj ET Q q 0 0 0 rg BT 434.75 237.60 Td (, ) Tj ET Q q 0 0 0 rg BT 439.61 237.60 Td (however) Tj ET Q q 0 0 0 rg BT 470.24 237.60 Td (, ) Tj ET Q q 0 0 0 rg BT 475.09 237.60 Td (has ) Tj ET Q q 0 0 0 rg BT 489.70 237.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 529.79 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 545.40 237.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 569.00 237.60 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 226.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 70.31 226.80 Td (with ) Tj ET Q q 0 0 0 rg BT 87.63 226.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 120.43 226.80 Td (other ) Tj ET Q q 0 0 0 rg BT 140.25 226.80 Td (than ) Tj ET Q q 0 0 0 rg BT 157.06 226.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 174.39 226.80 Td (dollars ) Tj ET Q q 0 0 0 rg BT 200.21 226.80 Td (and ) Tj ET Q q 0 0 0 rg BT 214.52 226.80 Td (incurs ) Tj ET Q q 0 0 0 rg BT 237.84 226.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 285.15 226.80 Td (in ) Tj ET Q q 0 0 0 rg BT 293.47 226.80 Td (other ) Tj ET Q q 0 0 0 rg BT 313.28 226.80 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 353.83 226.80 Td (causing ) Tj ET Q q 0 0 0 rg BT 382.64 226.80 Td (its ) Tj ET Q q 0 0 0 rg BT 392.47 226.80 Td (results ) Tj ET Q q 0 0 0 rg BT 417.29 226.80 Td (from ) Tj ET Q q 0 0 0 rg BT 436.11 226.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.92 226.80 Td (to ) Tj ET Q q 0 0 0 rg BT 483.24 226.80 Td (be ) Tj ET Q q 0 0 0 rg BT 493.06 226.80 Td (af) Tj ET Q q 0 0 0 rg BT 499.88 226.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 523.19 226.80 Td (by ) Tj ET Q q 0 0 0 rg BT 533.51 226.80 Td (fluctuations ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 216.00 Td (in ) Tj ET Q q 0 0 0 rg BT 45.60 216.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 79.68 216.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 116.26 216.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 138.11 216.00 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.71 216.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 185.80 216.00 Td (NOK ) Tj ET Q q 0 0 0 rg BT 207.90 216.00 Td (denominated ) Tj ET Q q 0 0 0 rg BT 256.99 216.00 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.49 216.00 Td (. ) Tj ET Q q 0 0 0 rg BT 277.34 216.00 Td ( ) Tj ET Q q 0 0 0 rg BT 279.75 216.00 Td (The ) Tj ET Q q 0 0 0 rg BT 296.35 216.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.95 216.00 Td (is ) Tj ET Q q 0 0 0 rg BT 342.55 216.00 Td (also ) Tj ET Q q 0 0 0 rg BT 359.65 216.00 Td (exposed ) Tj ET Q q 0 0 0 rg BT 391.75 216.00 Td (to ) Tj ET Q q 0 0 0 rg BT 401.35 216.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 432.94 216.00 Td (in ) Tj ET Q q 0 0 0 rg BT 442.54 216.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.64 216.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 491.23 216.00 Td (on ) Tj ET Q q 0 0 0 rg BT 502.83 216.00 Td (floating ) Tj ET Q q 0 0 0 rg BT 533.43 216.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 562.52 216.00 Td (rate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 205.20 Td (debt. ) Tj ET Q q 0 0 0 rg BT 55.83 205.20 Td (There ) Tj ET Q q 0 0 0 rg BT 79.07 205.20 Td (is ) Tj ET Q q 0 0 0 rg BT 87.32 205.20 Td (thus ) Tj ET Q q 0 0 0 rg BT 104.57 205.20 Td (a ) Tj ET Q q 0 0 0 rg BT 110.82 205.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 126.57 205.20 Td (that ) Tj ET Q q 0 0 0 rg BT 142.31 205.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 176.04 205.20 Td (and ) Tj ET Q q 0 0 0 rg BT 191.29 205.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.03 205.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 235.76 205.20 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 280.50 205.20 Td (will ) Tj ET Q q 0 0 0 rg BT 296.75 205.20 Td (have ) Tj ET Q q 0 0 0 rg BT 315.99 205.20 Td (a ) Tj ET Q q 0 0 0 rg BT 322.24 205.20 Td (positive ) Tj ET Q q 0 0 0 rg BT 352.99 205.20 Td (or ) Tj ET Q q 0 0 0 rg BT 362.73 205.20 Td (negative ) Tj ET Q q 0 0 0 rg BT 395.47 205.20 Td (ef) Tj ET Q q 0 0 0 rg BT 402.30 205.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 418.03 205.20 Td (on ) Tj ET Q q 0 0 0 rg BT 429.28 205.20 Td (the ) Tj ET Q q 0 0 0 rg BT 442.53 205.20 Td (value ) Tj ET Q q 0 0 0 rg BT 464.27 205.20 Td (of ) Tj ET Q q 0 0 0 rg BT 474.02 205.20 Td (the ) Tj ET Q q 0 0 0 rg BT 487.26 205.20 Td (Company) Tj ET Q q 0 0 0 rg BT 524.76 205.20 Td (s ) Tj ET Q q 0 0 0 rg BT 530.51 205.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 548.75 205.20 Td (flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 176.40 Td (Inter) Tj ET Q q 0 0 0 rg BT 57.48 176.40 Td (est rate risk management ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 162.60 Td (The ) Tj ET Q q 0 0 0 rg BT 51.47 162.60 Td (Company) Tj ET Q q 0 0 0 rg BT 88.96 162.60 Td (s ) Tj ET Q q 0 0 0 rg BT 93.94 162.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 127.90 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 136.38 162.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.34 162.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 179.30 162.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 194.27 162.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 219.23 162.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 245.70 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.17 162.60 Td (its ) Tj ET Q q 0 0 0 rg BT 264.15 162.60 Td (floating ) Tj ET Q q 0 0 0 rg BT 293.61 162.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.58 162.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 336.54 162.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 353.51 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 367.97 162.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 400.43 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.40 162.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 436.87 162.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 458.35 162.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 483.30 162.60 Td (with ) Tj ET Q q 0 0 0 rg BT 500.78 162.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 533.73 162.60 Td (institutions. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.80 Td (This ) Tj ET Q q 0 0 0 rg BT 54.93 151.80 Td (exposure ) Tj ET Q q 0 0 0 rg BT 90.35 151.80 Td (is ) Tj ET Q q 0 0 0 rg BT 99.29 151.80 Td (managed ) Tj ET Q q 0 0 0 rg BT 134.70 151.80 Td (through ) Tj ET Q q 0 0 0 rg BT 165.63 151.80 Td (the ) Tj ET Q q 0 0 0 rg BT 179.56 151.80 Td (use ) Tj ET Q q 0 0 0 rg BT 194.48 151.80 Td (of ) Tj ET Q q 0 0 0 rg BT 204.91 151.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.33 151.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 250.75 151.80 Td (swaps. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.72 151.80 Td (The ) Tj ET Q q 0 0 0 rg BT 294.64 151.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 337.70 151.80 Td (objective ) Tj ET Q q 0 0 0 rg BT 373.61 151.80 Td (is ) Tj ET Q q 0 0 0 rg BT 382.55 151.80 Td (to ) Tj ET Q q 0 0 0 rg BT 392.48 151.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 417.91 151.80 Td (the ) Tj ET Q q 0 0 0 rg BT 431.83 151.80 Td (most ) Tj ET Q q 0 0 0 rg BT 452.27 151.80 Td (favorable ) Tj ET Q q 0 0 0 rg BT 489.18 151.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 518.60 151.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 535.02 151.80 Td (borrowings ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 141.00 Td (available ) Tj ET Q q 0 0 0 rg BT 71.18 141.00 Td (without ) Tj ET Q q 0 0 0 rg BT 101.39 141.00 Td (increasing ) Tj ET Q q 0 0 0 rg BT 141.07 141.00 Td (its ) Tj ET Q q 0 0 0 rg BT 152.28 141.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 180.97 141.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 215.15 141.00 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 252.59 141.00 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 282.80 141.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 305.50 141.00 Td (are ) Tj ET Q q 0 0 0 rg BT 319.19 141.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 355.38 141.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 381.56 141.00 Td (in ) Tj ET Q q 0 0 0 rg BT 391.27 141.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 412.46 141.00 Td (deposits ) Tj ET Q q 0 0 0 rg BT 444.67 141.00 Td (with ) Tj ET Q q 0 0 0 rg BT 463.37 141.00 Td (reputable ) Tj ET Q q 0 0 0 rg BT 499.55 141.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 533.74 141.00 Td (institutions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 130.20 Td (yielding ) Tj ET Q q 0 0 0 rg BT 68.12 130.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 93.74 130.20 Td (returns ) Tj ET Q q 0 0 0 rg BT 121.36 130.20 Td (than ) Tj ET Q q 0 0 0 rg BT 139.48 130.20 Td (are ) Tj ET Q q 0 0 0 rg BT 153.09 130.20 Td (available ) Tj ET Q q 0 0 0 rg BT 188.20 130.20 Td (on ) Tj ET Q q 0 0 0 rg BT 199.82 130.20 Td (overnight ) Tj ET Q q 0 0 0 rg BT 236.94 130.20 Td (deposits ) Tj ET Q q 0 0 0 rg BT 269.07 130.20 Td (in ) Tj ET Q q 0 0 0 rg BT 278.69 130.20 Td (banks. ) Tj ET Q q 0 0 0 rg BT 304.57 130.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 325.19 130.20 Td (deposits ) Tj ET Q q 0 0 0 rg BT 357.32 130.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 393.43 130.20 Td (have ) Tj ET Q q 0 0 0 rg BT 413.04 130.20 Td (short-term ) Tj ET Q q 0 0 0 rg BT 453.16 130.20 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 494.03 130.20 Td (in ) Tj ET Q q 0 0 0 rg BT 503.65 130.20 Td (order ) Tj ET Q q 0 0 0 rg BT 525.27 130.20 Td (to ) Tj ET Q q 0 0 0 rg BT 534.89 130.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 565.01 130.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 119.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.36 119.40 Td (with ) Tj ET Q q 0 0 0 rg BT 91.72 119.40 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 129.58 119.40 Td (to ) Tj ET Q q 0 0 0 rg BT 138.94 119.40 Td (meet ) Tj ET Q q 0 0 0 rg BT 158.79 119.40 Td (all ) Tj ET Q q 0 0 0 rg BT 170.14 119.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 219.49 119.40 Td (for ) Tj ET Q q 0 0 0 rg BT 232.34 119.40 Td (working ) Tj ET Q q 0 0 0 rg BT 264.70 119.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 291.05 119.40 Td (and ) Tj ET Q q 0 0 0 rg BT 306.40 119.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 332.75 119.40 Td (investments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.99 119.40 Td ( ) Tj ET Q q 0 0 0 rg BT 380.18 119.40 Td (The ) Tj ET Q q 0 0 0 rg BT 396.54 119.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 420.89 119.40 Td (to ) Tj ET Q q 0 0 0 rg BT 430.25 119.40 Td (which ) Tj ET Q q 0 0 0 rg BT 454.61 119.40 Td (the ) Tj ET Q q 0 0 0 rg BT 467.96 119.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 505.32 119.40 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 533.67 119.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 562.53 119.40 Td (rate ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 108.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 60.25 108.60 Td (and ) Tj ET Q q 0 0 0 rg BT 75.49 108.60 Td (other ) Tj ET Q q 0 0 0 rg BT 96.24 108.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 137.97 108.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.22 108.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 177.46 108.60 Td (its ) Tj ET Q q 0 0 0 rg BT 188.21 108.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 216.95 108.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 232.69 108.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 248.44 108.60 Td (is ) Tj ET Q q 0 0 0 rg BT 256.69 108.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 299.42 108.60 Td (by ) Tj ET Q q 0 0 0 rg BT 310.67 108.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.92 108.60 Td (net ) Tj ET Q q 0 0 0 rg BT 337.16 108.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 354.91 108.60 Td (exposure. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 81.00 Td (Interest rate swap agreements not qualified as hedge accounting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 67.20 Td (As ) Tj ET Q q 0 0 0 rg BT 47.83 67.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.16 67.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.47 67.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.47 67.20 Td (, ) Tj ET Q q 0 0 0 rg BT 130.55 67.20 Td (the ) Tj ET Q q 0 0 0 rg BT 143.38 67.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.21 67.20 Td (had ) Tj ET Q q 0 0 0 rg BT 195.04 67.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.36 67.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 238.68 67.20 Td (swap ) Tj ET Q q 0 0 0 rg BT 259.01 67.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 301.82 67.20 Td (with ) Tj ET Q q 0 0 0 rg BT 319.65 67.20 Td (an ) Tj ET Q q 0 0 0 rg BT 329.98 67.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 373.81 67.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 407.63 67.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.46 67.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.79 67.20 Td ($1,300 ) Tj ET Q q 0 0 0 rg BT 472.37 67.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.38 67.20 Td ( ) Tj ET Q q 0 0 0 rg BT 500.21 67.20 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.20 67.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 555.51 67.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.51 67.20 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 56.40 Td ($1,300 ) Tj ET Q q 0 0 0 rg BT 63.22 56.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.23 56.40 Td (\), ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.95 56.40 Td (including ) Tj ET Q q 0 0 0 rg BT 133.42 56.40 Td (one ) Tj ET Q q 0 0 0 rg BT 148.89 56.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 180.34 56.40 Td (of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.84 56.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.31 56.40 Td ($200 ) Tj ET Q q 0 0 0 rg BT 210.79 56.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.79 56.40 Td ( ) Tj ET Q q 0 0 0 rg BT 239.26 56.40 Td (which ) Tj ET Q q 0 0 0 rg BT 263.73 56.40 Td (was ) Tj ET Q q 0 0 0 rg BT 280.20 56.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 309.16 56.40 Td (into ) Tj ET Q q 0 0 0 rg BT 325.63 56.40 Td (in ) Tj ET Q q 0 0 0 rg BT 335.11 56.40 Td (February ) Tj ET Q q 0 0 0 rg BT 370.07 56.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 390.55 56.40 Td (with ) Tj ET Q q 0 0 0 rg BT 409.02 56.40 Td (forward ) Tj ET Q q 0 0 0 rg BT 439.98 56.40 Td (start ) Tj ET Q q 0 0 0 rg BT 457.95 56.40 Td (in ) Tj ET Q q 0 0 0 rg BT 467.42 56.40 Td (March ) Tj ET Q q 0 0 0 rg BT 493.39 56.40 Td (2016. ) Tj ET Q q 0 0 0 rg BT 516.11 56.40 Td ( ) Tj ET Q q 0 0 0 rg BT 518.59 56.40 Td (Certain ) Tj ET Q q 0 0 0 rg BT 547.55 56.40 Td (of ) Tj ET Q q 0 0 0 rg BT 557.52 56.40 Td (these ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 45.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 64.90 45.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 80.79 45.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 105.20 45.60 Td (are ) Tj ET Q q 0 0 0 rg BT 118.59 45.60 Td (forward ) Tj ET Q q 0 0 0 rg BT 149.48 45.60 Td (starting ) Tj ET Q q 0 0 0 rg BT 178.89 45.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 203.29 45.60 Td (as ) Tj ET Q q 0 0 0 rg BT 213.20 45.60 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 249.10 45.60 Td (below) Tj ET Q q 0 0 0 rg BT 270.51 45.60 Td (. ) Tj ET Q q 0 0 0 rg BT 275.17 45.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.40 45.60 Td (The ) Tj ET Q q 0 0 0 rg BT 293.80 45.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 337.19 45.60 Td (do ) Tj ET Q q 0 0 0 rg BT 348.59 45.60 Td (not ) Tj ET Q q 0 0 0 rg BT 362.50 45.60 Td (qualify ) Tj ET Q q 0 0 0 rg BT 390.40 45.60 Td (for ) Tj ET Q q 0 0 0 rg BT 403.30 45.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 427.20 45.60 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 471.34 45.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.74 45.60 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 531.63 45.60 Td (any ) Tj ET Q q 0 0 0 rg BT 547.03 45.60 Td (changes ) Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 44.33 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 56.66 749.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 70.48 749.80 Td (values ) Tj ET Q q 0 0 0 rg BT 94.80 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 103.63 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.95 749.80 Td (swap ) Tj ET Q q 0 0 0 rg BT 135.78 749.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 178.09 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 190.41 749.80 Td (included ) Tj ET Q q 0 0 0 rg BT 222.73 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 231.06 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 243.38 749.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 290.20 749.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 326.02 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.85 749.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 373.67 749.80 Td (under ) Tj ET Q q 0 0 0 rg BT 395.49 749.80 Td (gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 438.81 749.80 Td (from ) Tj ET Q q 0 0 0 rg BT 457.64 749.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 494.95 749.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.76 749.80 Td (instruments. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.41 739.00 Td (total ) Tj ET Q q 0 0 0 rg BT 70.83 739.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.74 739.00 Td (value ) Tj ET Q q 0 0 0 rg BT 107.65 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 117.56 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.98 739.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 159.89 739.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 175.79 739.00 Td (swaps ) Tj ET Q q 0 0 0 rg BT 200.21 739.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 244.63 739.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.54 739.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 306.44 739.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.44 739.00 Td ( ) Tj ET Q q 0 0 0 rg BT 326.86 739.00 Td (amounted ) Tj ET Q q 0 0 0 rg BT 364.77 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 374.19 739.00 Td (a ) Tj ET Q q 0 0 0 rg BT 380.60 739.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 402.02 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 417.44 739.00 Td (net ) Tj ET Q q 0 0 0 rg BT 430.85 739.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 461.27 739.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.18 739.00 Td ($25.9 ) Tj ET Q q 0 0 0 rg BT 493.85 739.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.86 739.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.28 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 537.69 739.00 Td (an ) Tj ET Q q 0 0 0 rg BT 548.60 739.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 568.52 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 578.27 739.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 53.86 728.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.86 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 81.97 728.20 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.97 728.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.55 728.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.55 728.20 Td (: ) Tj ET Q q 0 0 0 rg BT 160.16 728.20 Td (liability ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.27 728.20 Td ($39.0 ) Tj ET Q q 0 0 0 rg BT 212.63 728.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.63 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 240.74 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 255.85 728.20 Td (asset ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.45 728.20 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 293.31 728.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.31 728.20 Td (\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.67 728.20 Td ( ) Tj ET Q q 0 0 0 rg BT 328.62 728.20 Td (The ) Tj ET Q q 0 0 0 rg BT 344.73 728.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 381.83 728.20 Td (did ) Tj ET Q q 0 0 0 rg BT 395.44 728.20 Td (not ) Tj ET Q q 0 0 0 rg BT 409.05 728.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 429.15 728.20 Td (into ) Tj ET Q q 0 0 0 rg BT 445.26 728.20 Td (any ) Tj ET Q q 0 0 0 rg BT 460.36 728.20 Td (other ) Tj ET Q q 0 0 0 rg BT 480.97 728.20 Td (new ) Tj ET Q q 0 0 0 rg BT 498.07 728.20 Td (swap ) Tj ET Q q 0 0 0 rg BT 518.67 728.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 564.01 728.20 Td (nor ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (change ) Tj ET Q q 0 0 0 rg BT 63.73 717.40 Td (any ) Tj ET Q q 0 0 0 rg BT 78.98 717.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 109.73 717.40 Td (swap ) Tj ET Q q 0 0 0 rg BT 130.47 717.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 175.95 717.40 Td (during ) Tj ET Q q 0 0 0 rg BT 201.70 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 214.95 717.40 Td (year ) Tj ET Q q 0 0 0 rg BT 232.68 717.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 256.42 717.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 309.15 717.40 Td (2015.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 689.80 Td (Company) Tj ET Q q 0 0 0 rg BT 89.74 689.80 Td (s ) Tj ET Q q 0 0 0 rg BT 95.49 689.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 124.23 689.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 139.97 689.80 Td (swap ) Tj ET Q q 0 0 0 rg BT 160.72 689.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 203.95 689.80 Td (as ) Tj ET Q q 0 0 0 rg BT 213.69 689.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.44 689.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 276.17 689.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.17 689.80 Td ( ) Tj ET Q q 0 0 0 rg BT 296.42 689.80 Td (were ) Tj ET Q q 0 0 0 rg BT 316.15 689.80 Td (as ) Tj ET Q q 0 0 0 rg BT 325.90 689.80 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 647.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 647.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 647.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 647.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 619.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 619.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 619.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 619.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 591.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 591.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 591.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 591.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 563.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 563.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 563.30 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 563.30 135.00 -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 36.5 647.3 m 171.5 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 647.3 m 306.5 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 647.3 m 441.5 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 647.3 m 576.5 647.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 666.75 Td (Outstanding principal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.85 666.75 Td (Receive rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.35 666.75 Td (Pay rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 666.75 Td (Length of contract) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 651.76 Td (\(In US$ millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 637.76 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 637.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 637.76 Td (2.14%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.80 637.76 Td (May 2011 - Jan 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 623.76 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 623.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 623.76 Td (2.74%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 623.76 Td (May 2012 - May 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 609.76 Td (200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 609.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 609.76 Td (2.57%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 609.76 Td (June 2012 - June 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 595.76 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 595.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 595.76 Td (2.56%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 595.76 Td (June 2012 - June 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 581.76 Td (200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 581.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 581.76 Td (2.17%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 581.76 Td (Aug 2012 - Aug 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 567.76 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 567.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 567.76 Td (1.15%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 567.76 Td (Dec 2012 - Dec 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 553.76 Td (200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 553.76 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 553.76 Td (2.92%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 553.76 Td (Mar 2016 - Mar 2021) Tj ET Q BT /F1 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 522.20 Td (Interest rate hedge accounting) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 508.40 Td (The ) Tj ET Q q 0 0 0 rg BT 52.29 508.40 Td (Ship ) Tj ET Q q 0 0 0 rg BT 71.09 508.40 Td (Finance ) Tj ET Q q 0 0 0 rg BT 101.88 508.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 141.18 508.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 188.96 508.40 Td (by ) Tj ET Q q 0 0 0 rg BT 200.26 508.40 Td (the ) Tj ET Q q 0 0 0 rg BT 213.56 508.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.85 508.40 Td (as ) Tj ET Q q 0 0 0 rg BT 260.65 508.40 Td (a ) Tj ET Q q 0 0 0 rg BT 266.78 508.40 Td (VIE ) Tj ET Q q 0 0 0 rg BT 284.07 508.40 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 306.34 508.40 Td (to ) Tj ET Q q 0 0 0 rg BT 315.64 508.40 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.32 508.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 339.11 508.40 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.11 508.40 Td ( ) Tj ET Q q 0 0 0 rg BT 350.41 508.40 Td (- ) Tj ET Q q 0 0 0 rg BT 355.54 508.40 Td (V) Tj ET Q q 0 0 0 rg BT 361.04 508.40 Td (ariable ) Tj ET Q q 0 0 0 rg BT 387.82 508.40 Td (Interest ) Tj ET Q q 0 0 0 rg BT 417.10 508.40 Td (Entities"\) ) Tj ET Q q 0 0 0 rg BT 453.57 508.40 Td (has ) Tj ET Q q 0 0 0 rg BT 467.87 508.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 496.65 508.40 Td (into ) Tj ET Q q 0 0 0 rg BT 512.94 508.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 541.73 508.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 557.52 508.40 Td (swap ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 79.29 497.60 Td (in ) Tj ET Q q 0 0 0 rg BT 88.59 497.60 Td (order ) Tj ET Q q 0 0 0 rg BT 109.89 497.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.19 497.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 150.99 497.60 Td (its ) Tj ET Q q 0 0 0 rg BT 161.80 497.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 196.60 497.60 Td (to ) Tj ET Q q 0 0 0 rg BT 205.90 497.60 Td (variability ) Tj ET Q q 0 0 0 rg BT 245.20 497.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.50 497.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.80 497.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 295.11 497.60 Td (for ) Tj ET Q q 0 0 0 rg BT 307.91 497.60 Td (future ) Tj ET Q q 0 0 0 rg BT 331.70 497.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 360.50 497.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 397.30 497.60 Td (on ) Tj ET Q q 0 0 0 rg BT 408.60 497.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.91 497.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 439.71 497.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 461.50 497.60 Td (out ) Tj ET Q q 0 0 0 rg BT 475.31 497.60 Td (to ) Tj ET Q q 0 0 0 rg BT 484.62 497.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 513.40 497.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.71 497.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 568.50 497.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 486.80 Td (W) Tj ET Q q 0 0 0 rg BT 43.77 486.80 Td (est ) Tj ET Q q 0 0 0 rg BT 56.08 486.80 Td (Linus. ) Tj ET Q q 0 0 0 rg BT 80.97 486.80 Td (These ) Tj ET Q q 0 0 0 rg BT 104.76 486.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 133.56 486.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.35 486.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 173.66 486.80 Td (qualify ) Tj ET Q q 0 0 0 rg BT 201.46 486.80 Td (for ) Tj ET Q q 0 0 0 rg BT 214.26 486.80 Td (hedge ) Tj ET Q q 0 0 0 rg BT 238.05 486.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 279.84 486.80 Td (and ) Tj ET Q q 0 0 0 rg BT 295.14 486.80 Td (any ) Tj ET Q q 0 0 0 rg BT 310.44 486.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 341.74 486.80 Td (in ) Tj ET Q q 0 0 0 rg BT 351.04 486.80 Td (their ) Tj ET Q q 0 0 0 rg BT 369.84 486.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 384.64 486.80 Td (value ) Tj ET Q q 0 0 0 rg BT 406.43 486.80 Td (are ) Tj ET Q q 0 0 0 rg BT 419.73 486.80 Td (included ) Tj ET Q q 0 0 0 rg BT 453.02 486.80 Td (in ) Tj ET Q q 0 0 0 rg BT 462.33 486.80 Td ("other ) Tj ET Q q 0 0 0 rg BT 486.80 486.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 543.59 486.80 Td (income". ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 476.00 Td (Below ) Tj ET Q q 0 0 0 rg BT 61.75 476.00 Td (is ) Tj ET Q q 0 0 0 rg BT 70.00 476.00 Td (a ) Tj ET Q q 0 0 0 rg BT 76.25 476.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 111.99 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 121.74 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.98 476.00 Td (notional ) Tj ET Q q 0 0 0 rg BT 166.73 476.00 Td (amount, ) Tj ET Q q 0 0 0 rg BT 198.22 476.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 218.97 476.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.71 476.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 263.44 476.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 293.68 476.00 Td (and ) Tj ET Q q 0 0 0 rg BT 308.92 476.00 Td (duration ) Tj ET Q q 0 0 0 rg BT 341.17 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 350.91 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 364.16 476.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 392.90 476.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 408.63 476.00 Td (swaps.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 420.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 420.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 420.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 420.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 392.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 392.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 392.70 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 392.70 135.00 -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 36.5 420.7 m 171.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 420.7 m 306.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 420.7 m 441.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 420.7 m 576.5 420.7 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 439.15 Td (Outstanding principal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.85 439.15 Td (Receive rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.35 439.15 Td (Pay rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.50 439.15 Td (Length of contract) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 425.15 Td (\(in US$ Millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 411.16 Td (191.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 411.16 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 411.16 Td (1.77%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 411.16 Td (Dec 2013 - Dec 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 397.16 Td (4.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 397.16 Td (2 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 397.16 Td (2.01%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 397.16 Td (Mar 2014 - Oct 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 383.16 Td (4.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.95 383.16 Td (1 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 383.16 Td (2.01%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 383.16 Td (Mar 2014 - Nov 2018) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 351.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.21 351.60 Td (total ) Tj ET Q q 0 0 0 rg BT 70.42 351.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.12 351.60 Td (value ) Tj ET Q q 0 0 0 rg BT 106.82 351.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.53 351.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.74 351.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 158.45 351.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 174.15 351.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 198.36 351.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 242.57 351.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.28 351.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 303.97 351.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.97 351.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.19 351.60 Td (amounted ) Tj ET Q q 0 0 0 rg BT 361.89 351.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.10 351.60 Td (a ) Tj ET Q q 0 0 0 rg BT 377.31 351.60 Td (liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.31 351.60 Td ( ) Tj ET Q q 0 0 0 rg BT 407.52 351.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.23 351.60 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 435.20 351.60 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.20 351.60 Td ( ) Tj ET Q q 0 0 0 rg BT 463.41 351.60 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.41 351.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 519.10 351.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.10 351.60 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.82 351.60 Td (a ) Tj ET Q q 0 0 0 rg BT 548.02 351.60 Td (liability) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 340.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.78 340.80 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 63.81 340.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.82 340.80 Td (\). ) Tj ET Q q 0 0 0 rg BT 97.35 340.80 Td ( ) Tj ET Q q 0 0 0 rg BT 99.63 340.80 Td (In ) Tj ET Q q 0 0 0 rg BT 109.41 340.80 Td (the ) Tj ET Q q 0 0 0 rg BT 122.69 340.80 Td (year ) Tj ET Q q 0 0 0 rg BT 140.46 340.80 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 164.23 340.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 216.99 340.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.99 340.80 Td (, ) Tj ET Q q 0 0 0 rg BT 239.52 340.80 Td (the ) Tj ET Q q 0 0 0 rg BT 252.80 340.80 Td (above ) Tj ET Q q 0 0 0 rg BT 276.41 340.80 Td (VIE ) Tj ET Q q 0 0 0 rg BT 293.69 340.80 Td (Ship ) Tj ET Q q 0 0 0 rg BT 312.47 340.80 Td (Finance ) Tj ET Q q 0 0 0 rg BT 343.25 340.80 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 382.53 340.80 Td (has ) Tj ET Q q 0 0 0 rg BT 396.81 340.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 430.57 340.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 445.34 340.80 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.11 340.80 Td (gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.11 340.80 Td ( ) Tj ET Q q 0 0 0 rg BT 488.40 340.80 Td (on ) Tj ET Q q 0 0 0 rg BT 499.68 340.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 528.45 340.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 544.22 340.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 568.50 340.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 330.00 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 53.94 330.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.94 330.00 Td ( ) Tj ET Q q 0 0 0 rg BT 82.12 330.00 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.12 330.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.78 330.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.78 330.00 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.47 330.00 Td ($0 ) Tj ET Q q 0 0 0 rg BT 171.65 330.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.65 330.00 Td ( ) Tj ET Q q 0 0 0 rg BT 199.84 330.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.51 330.00 Td (value ) Tj ET Q q 0 0 0 rg BT 236.19 330.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 257.37 330.00 Td (or ) Tj ET Q q 0 0 0 rg BT 267.05 330.00 Td (losses\). ) Tj ET Q q 0 0 0 rg BT 295.99 330.00 Td (Gain ) Tj ET Q q 0 0 0 rg BT 315.67 330.00 Td (or ) Tj ET Q q 0 0 0 rg BT 325.35 330.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 341.54 330.00 Td (is ) Tj ET Q q 0 0 0 rg BT 349.73 330.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 383.39 330.00 Td (by ) Tj ET Q q 0 0 0 rg BT 394.58 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 407.60 330.00 Td (VIE ) Tj ET Q q 0 0 0 rg BT 424.78 330.00 Td (in ) Tj ET Q q 0 0 0 rg BT 433.96 330.00 Td ("Other ) Tj ET Q q 0 0 0 rg BT 460.31 330.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 516.98 330.00 Td (income" ) Tj ET Q q 0 0 0 rg BT 549.33 330.00 Td (but ) Tj ET Q q 0 0 0 rg BT 563.01 330.00 Td (due ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 319.20 Td (to ) Tj ET Q q 0 0 0 rg BT 45.02 319.20 Td (its ) Tj ET Q q 0 0 0 rg BT 55.55 319.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 95.07 319.20 Td (by ) Tj ET Q q 0 0 0 rg BT 106.09 319.20 Td (Ship ) Tj ET Q q 0 0 0 rg BT 124.62 319.20 Td (Finance ) Tj ET Q q 0 0 0 rg BT 155.13 319.20 Td (this ) Tj ET Q q 0 0 0 rg BT 170.15 319.20 Td (is ) Tj ET Q q 0 0 0 rg BT 178.18 319.20 Td (allocated ) Tj ET Q q 0 0 0 rg BT 212.68 319.20 Td (to ) Tj ET Q q 0 0 0 rg BT 221.71 319.20 Td ("Non-controlling ) Tj ET Q q 0 0 0 rg BT 285.39 319.20 Td (interest" ) Tj ET Q q 0 0 0 rg BT 317.58 319.20 Td (in ) Tj ET Q q 0 0 0 rg BT 326.60 319.20 Td (our ) Tj ET Q q 0 0 0 rg BT 340.62 319.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 377.13 319.20 Td (of ) Tj ET Q q 0 0 0 rg BT 386.65 319.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 417.66 319.20 Td (in ) Tj ET Q q 0 0 0 rg BT 426.68 319.20 Td (equity) Tj ET Q q 0 0 0 rg BT 448.59 319.20 Td (. ) Tj ET Q q 0 0 0 rg BT 452.87 319.20 Td ( ) Tj ET Q q 0 0 0 rg BT 454.44 319.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 471.96 319.20 Td (change ) Tj ET Q q 0 0 0 rg BT 499.47 319.20 Td (in ) Tj ET Q q 0 0 0 rg BT 508.49 319.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.01 319.20 Td (value ) Tj ET Q q 0 0 0 rg BT 544.52 319.20 Td (resulting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 308.40 Td (from ) Tj ET Q q 0 0 0 rg BT 56.00 308.40 Td (hedge ) Tj ET Q q 0 0 0 rg BT 79.98 308.40 Td (inef) Tj ET Q q 0 0 0 rg BT 93.81 308.40 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 136.30 308.40 Td (is ) Tj ET Q q 0 0 0 rg BT 144.80 308.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 186.78 308.40 Td (immediately ) Tj ET Q q 0 0 0 rg BT 234.26 308.40 Td (in ) Tj ET Q q 0 0 0 rg BT 243.76 308.40 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 278.82 308.40 Td (The ) Tj ET Q q 0 0 0 rg BT 295.14 308.40 Td (VIE, ) Tj ET Q q 0 0 0 rg BT 314.88 308.40 Td (and ) Tj ET Q q 0 0 0 rg BT 330.38 308.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 365.35 308.40 Td (North ) Tj ET Q q 0 0 0 rg BT 388.30 308.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 419.79 308.40 Td (Drilling, ) Tj ET Q q 0 0 0 rg BT 453.04 308.40 Td (did ) Tj ET Q q 0 0 0 rg BT 467.04 308.40 Td (not ) Tj ET Q q 0 0 0 rg BT 481.04 308.40 Td (recognize ) Tj ET Q q 0 0 0 rg BT 518.52 308.40 Td (any ) Tj ET Q q 0 0 0 rg BT 534.01 308.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.01 308.40 Td (or ) Tj ET Q q 0 0 0 rg BT 562.00 308.40 Td (loss ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 297.60 Td (due ) Tj ET Q q 0 0 0 rg BT 51.24 297.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.50 297.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 84.23 297.60 Td (inef) Tj ET Q q 0 0 0 rg BT 98.06 297.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 140.30 297.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.55 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.79 297.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 210.53 297.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 244.26 297.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 284.50 297.60 Td (during ) Tj ET Q q 0 0 0 rg BT 310.25 297.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.49 297.60 Td (twelve ) Tj ET Q q 0 0 0 rg BT 349.73 297.60 Td (month ) Tj ET Q q 0 0 0 rg BT 374.99 297.60 Td (period ) Tj ET Q q 0 0 0 rg BT 400.23 297.60 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.97 297.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 476.69 297.60 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.69 297.60 Td ( ) Tj ET Q q 0 0 0 rg BT 496.94 297.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.19 297.60 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.19 297.60 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 270.00 Td (Cross currency interest rate swaps not qualified for hedge accounting) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 256.20 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.46 256.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 100.39 256.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.39 256.20 Td ( ) Tj ET Q q 0 0 0 rg BT 120.85 256.20 Td (we ) Tj ET Q q 0 0 0 rg BT 133.80 256.20 Td (had ) Tj ET Q q 0 0 0 rg BT 149.25 256.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 193.70 256.20 Td (cross ) Tj ET Q q 0 0 0 rg BT 214.66 256.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 248.59 256.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 277.54 256.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 293.48 256.20 Td (swaps ) Tj ET Q q 0 0 0 rg BT 317.94 256.20 Td (with ) Tj ET Q q 0 0 0 rg BT 336.39 256.20 Td (a ) Tj ET Q q 0 0 0 rg BT 342.84 256.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 377.29 256.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 406.74 256.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.69 256.20 Td ($253.5 ) Tj ET Q q 0 0 0 rg BT 443.90 256.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.90 256.20 Td ( ) Tj ET Q q 0 0 0 rg BT 472.36 256.20 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.36 256.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 528.29 256.20 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.29 256.20 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 256.20 Td ($253.5 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 245.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 245.40 Td (\). ) Tj ET Q q 0 0 0 rg BT 69.69 245.40 Td (These ) Tj ET Q q 0 0 0 rg BT 93.82 245.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 139.68 245.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 168.80 245.40 Td (into ) Tj ET Q q 0 0 0 rg BT 185.44 245.40 Td (in ) Tj ET Q q 0 0 0 rg BT 195.07 245.40 Td (October ) Tj ET Q q 0 0 0 rg BT 226.70 245.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 249.58 245.40 Td (do ) Tj ET Q q 0 0 0 rg BT 261.22 245.40 Td (not ) Tj ET Q q 0 0 0 rg BT 275.35 245.40 Td (qualify ) Tj ET Q q 0 0 0 rg BT 303.48 245.40 Td (for ) Tj ET Q q 0 0 0 rg BT 316.61 245.40 Td (hedge ) Tj ET Q q 0 0 0 rg BT 340.74 245.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 382.86 245.40 Td (and ) Tj ET Q q 0 0 0 rg BT 398.49 245.40 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 443.61 245.40 Td (any ) Tj ET Q q 0 0 0 rg BT 459.24 245.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 490.86 245.40 Td (in ) Tj ET Q q 0 0 0 rg BT 500.50 245.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.13 245.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.25 245.40 Td (values ) Tj ET Q q 0 0 0 rg BT 554.88 245.40 Td (of ) Tj ET Q q 0 0 0 rg BT 565.01 245.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 234.60 Td (swap ) Tj ET Q q 0 0 0 rg BT 56.48 234.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 99.45 234.60 Td (are ) Tj ET Q q 0 0 0 rg BT 112.42 234.60 Td (included ) Tj ET Q q 0 0 0 rg BT 145.39 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.38 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.36 234.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 216.84 234.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 254.82 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.30 234.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 305.77 234.60 Td (under ) Tj ET Q q 0 0 0 rg BT 328.25 234.60 Td (" ) Tj ET Q q 0 0 0 rg BT 333.91 234.60 Td (Gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 375.89 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 386.88 234.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.84 234.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 458.31 234.60 Td (instruments." ) Tj ET Q q 0 0 0 rg BT 508.08 234.60 Td (The ) Tj ET Q q 0 0 0 rg BT 524.05 234.60 Td (total ) Tj ET Q q 0 0 0 rg BT 542.04 234.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 556.51 234.60 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 223.80 Td (of ) Tj ET Q q 0 0 0 rg BT 45.84 223.80 Td (cross ) Tj ET Q q 0 0 0 rg BT 66.67 223.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 100.49 223.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.32 223.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 145.15 223.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 169.49 223.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 213.83 223.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.66 223.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.48 223.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.48 223.80 Td ( ) Tj ET Q q 0 0 0 rg BT 295.82 223.80 Td (amounted ) Tj ET Q q 0 0 0 rg BT 333.65 223.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.99 223.80 Td (a ) Tj ET Q q 0 0 0 rg BT 349.33 223.80 Td (liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.32 223.80 Td ( ) Tj ET Q q 0 0 0 rg BT 379.66 223.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.50 223.80 Td ($98.6 ) Tj ET Q q 0 0 0 rg BT 412.09 223.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.09 223.80 Td ( ) Tj ET Q q 0 0 0 rg BT 440.44 223.80 Td (\() Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.43 223.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 496.25 223.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.25 223.80 Td (: ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.09 223.80 Td (a ) Tj ET Q q 0 0 0 rg BT 525.42 223.80 Td (liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.42 223.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.76 223.80 Td ($64.4 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 213.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 213.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 69.34 213.00 Td (The ) Tj ET Q q 0 0 0 rg BT 85.58 213.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 100.32 213.00 Td (value ) Tj ET Q q 0 0 0 rg BT 122.06 213.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.81 213.00 Td (the ) Tj ET Q q 0 0 0 rg BT 145.05 213.00 Td (cross ) Tj ET Q q 0 0 0 rg BT 165.80 213.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 199.52 213.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 228.27 213.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 244.00 213.00 Td (swaps ) Tj ET Q q 0 0 0 rg BT 268.25 213.00 Td (are ) Tj ET Q q 0 0 0 rg BT 281.49 213.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 317.72 213.00 Td (as ) Tj ET Q q 0 0 0 rg BT 327.47 213.00 Td (other ) Tj ET Q q 0 0 0 rg BT 348.21 213.00 Td (current ) Tj ET Q q 0 0 0 rg BT 375.95 213.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 411.69 213.00 Td (in ) Tj ET Q q 0 0 0 rg BT 420.94 213.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.19 213.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 463.92 213.00 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 170.40 Td (For) Tj ET Q q 0 0 0 rg BT 51.37 170.40 Td (eign curr) Tj ET Q q 0 0 0 rg BT 90.34 170.40 Td (ency risk management ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 156.60 Td (The ) Tj ET Q q 0 0 0 rg BT 51.99 156.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 88.99 156.60 Td (uses ) Tj ET Q q 0 0 0 rg BT 106.48 156.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.47 156.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 167.94 156.60 Td (forward ) Tj ET Q q 0 0 0 rg BT 198.43 156.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 232.91 156.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.90 156.60 Td (other ) Tj ET Q q 0 0 0 rg BT 268.39 156.60 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 309.87 156.60 Td (to ) Tj ET Q q 0 0 0 rg BT 318.87 156.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 348.85 156.60 Td (its ) Tj ET Q q 0 0 0 rg BT 359.35 156.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 393.84 156.60 Td (to ) Tj ET Q q 0 0 0 rg BT 402.84 156.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 430.83 156.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 464.30 156.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 479.80 156.60 Td (on ) Tj ET Q q 0 0 0 rg BT 490.80 156.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 517.28 156.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 542.52 156.60 Td (liabilities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 145.80 Td (and ) Tj ET Q q 0 0 0 rg BT 51.04 145.80 Td (future ) Tj ET Q q 0 0 0 rg BT 74.58 145.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 116.10 145.80 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 163.39 145.80 Td (Such ) Tj ET Q q 0 0 0 rg BT 183.44 145.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 221.47 145.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 256.00 145.80 Td (do ) Tj ET Q q 0 0 0 rg BT 267.04 145.80 Td (not ) Tj ET Q q 0 0 0 rg BT 280.59 145.80 Td (qualify ) Tj ET Q q 0 0 0 rg BT 308.13 145.80 Td (for ) Tj ET Q q 0 0 0 rg BT 320.67 145.80 Td (hedge ) Tj ET Q q 0 0 0 rg BT 344.21 145.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 385.74 145.80 Td (treatment ) Tj ET Q q 0 0 0 rg BT 421.77 145.80 Td (and ) Tj ET Q q 0 0 0 rg BT 436.81 145.80 Td (are ) Tj ET Q q 0 0 0 rg BT 449.84 145.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 483.37 145.80 Td (in ) Tj ET Q q 0 0 0 rg BT 492.42 145.80 Td (the ) Tj ET Q q 0 0 0 rg BT 505.46 145.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 534.98 145.80 Td (sheet ) Tj ET Q q 0 0 0 rg BT 555.52 145.80 Td (under ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 135.00 Td (other ) Tj ET Q q 0 0 0 rg BT 57.00 135.00 Td (current ) Tj ET Q q 0 0 0 rg BT 84.99 135.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 108.50 135.00 Td (if ) Tj ET Q q 0 0 0 rg BT 116.50 135.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.01 135.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 165.00 135.00 Td (have ) Tj ET Q q 0 0 0 rg BT 184.50 135.00 Td (a ) Tj ET Q q 0 0 0 rg BT 191.00 135.00 Td (net ) Tj ET Q q 0 0 0 rg BT 204.50 135.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 235.51 135.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 250.51 135.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 274.76 135.00 Td (and ) Tj ET Q q 0 0 0 rg BT 290.26 135.00 Td (under ) Tj ET Q q 0 0 0 rg BT 313.26 135.00 Td (other ) Tj ET Q q 0 0 0 rg BT 334.26 135.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 374.26 135.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 410.26 135.00 Td (if ) Tj ET Q q 0 0 0 rg BT 418.27 135.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.77 135.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 466.76 135.00 Td (have ) Tj ET Q q 0 0 0 rg BT 486.26 135.00 Td (a ) Tj ET Q q 0 0 0 rg BT 492.76 135.00 Td (net ) Tj ET Q q 0 0 0 rg BT 506.27 135.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 539.26 135.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 554.26 135.00 Td (value. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.20 Td (During ) Tj ET Q q 0 0 0 rg BT 63.90 124.20 Td (the ) Tj ET Q q 0 0 0 rg BT 77.31 124.20 Td (year ) Tj ET Q q 0 0 0 rg BT 95.20 124.20 Td (ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 119.10 124.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 171.98 124.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.98 124.20 Td (, ) Tj ET Q q 0 0 0 rg BT 194.64 124.20 Td (the ) Tj ET Q q 0 0 0 rg BT 208.04 124.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 250.57 124.20 Td (forward ) Tj ET Q q 0 0 0 rg BT 281.46 124.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 316.35 124.20 Td (to ) Tj ET Q q 0 0 0 rg BT 325.76 124.20 Td (sell ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.67 124.20 Td ($40 ) Tj ET Q q 0 0 0 rg BT 356.57 124.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.58 124.20 Td ( ) Tj ET Q q 0 0 0 rg BT 384.98 124.20 Td (matured ) Tj ET Q q 0 0 0 rg BT 416.88 124.20 Td (at ) Tj ET Q q 0 0 0 rg BT 425.78 124.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 462.17 124.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 481.56 124.20 Td (between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.95 124.20 Td (NOK ) Tj ET Q q 0 0 0 rg BT 535.86 124.20 Td (7.9493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.61 124.20 Td ( ) Tj ET Q q 0 0 0 rg BT 563.02 124.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 113.40 Td (NOK ) Tj ET Q q 0 0 0 rg BT 57.74 113.40 Td (7.9716) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.49 113.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.73 113.40 Td (per ) Tj ET Q q 0 0 0 rg BT 98.46 113.40 Td (US ) Tj ET Q q 0 0 0 rg BT 112.21 113.40 Td (dollar) Tj ET Q q 0 0 0 rg BT 132.71 113.40 Td (. ) Tj ET Q q 0 0 0 rg BT 137.20 113.40 Td ( ) Tj ET Q q 0 0 0 rg BT 139.28 113.40 Td (The ) Tj ET Q q 0 0 0 rg BT 155.51 113.40 Td (total ) Tj ET Q q 0 0 0 rg BT 173.75 113.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.48 113.40 Td (value ) Tj ET Q q 0 0 0 rg BT 210.21 113.40 Td (of ) Tj ET Q q 0 0 0 rg BT 219.95 113.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 253.67 113.40 Td (forward ) Tj ET Q q 0 0 0 rg BT 284.39 113.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 319.12 113.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 363.36 113.40 Td (as ) Tj ET Q q 0 0 0 rg BT 373.10 113.40 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.83 113.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 434.55 113.40 Td (2015) Tj ET Q BT 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0.9333333333333333 1 rg /GS0 gs 358.50 452.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 452.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 452.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 452.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 452.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 424.90 248.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 424.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 424.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 424.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 424.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 424.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 424.90 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 424.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 396.90 248.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 396.90 70.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 396.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 396.90 70.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 396.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 396.90 70.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 396.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 396.90 70.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 550.9 m 354.5 550.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 550.9 m 358.5 550.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 550.9 m 428.5 550.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 550.9 m 502.5 550.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 550.9 m 506.5 550.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 550.9 m 576.5 550.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 536.9 m 284.5 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 536.9 m 354.5 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 536.9 m 428.5 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 536.9 m 502.5 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 536.9 m 576.5 536.9 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.20 555.35 Td (December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.20 555.35 Td (December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.95 541.35 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.45 541.35 Td (Fair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.85 541.35 Td (Carrying value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.45 541.35 Td (Fair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.85 541.35 Td (Carrying value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 528.30 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 514.16 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 513.36 Td (150.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 513.36 Td (150.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 513.36 Td (116.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 513.36 Td (116.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 500.16 Td (Restricted cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 499.36 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 499.36 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 499.36 Td (11.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 499.36 Td (11.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 486.30 Td (External Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 472.16 Td (Current portion of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 471.36 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 471.36 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 471.36 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 471.36 Td (218.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 458.16 Td (Long-term interest bearing debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 457.36 Td (1,335.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 457.36 Td (1,335.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.00 457.36 Td (1,599.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 457.36 Td (1,599.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 444.16 Td ($600 million fixed interest bond) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 443.36 Td (222.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 443.36 Td (413.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 443.36 Td (270.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 443.36 Td (413.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 430.16 Td (NOK 1,500 million floating interest bond) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 429.36 Td (84.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 429.36 Td (161.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 429.36 Td (123.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 429.36 Td (190.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 416.30 Td (Related party debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 402.16 Td ($600 million fixed interest bond - owned by related party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 401.36 Td (100.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 401.36 Td (186.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 401.36 Td (122.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 401.36 Td (186.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 388.16 Td (NOK 1,500 million floating interest bond - owned by related ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 379.16 Td (party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 378.36 Td (4.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 378.36 Td (9.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 378.36 Td (6.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 378.36 Td (11.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 365.16 Td (Long term fixed interest loan to related party) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 364.36 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 364.36 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 364.36 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 364.36 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 332.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 71.74 332.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 115.99 332.80 Td (that ) Tj ET Q q 0 0 0 rg BT 131.73 332.80 Td (are ) Tj ET Q q 0 0 0 rg BT 144.97 332.80 Td (measured ) Tj ET Q q 0 0 0 rg BT 181.71 332.80 Td (at ) Tj ET Q q 0 0 0 rg BT 190.45 332.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.19 332.80 Td (value ) Tj ET Q q 0 0 0 rg BT 226.93 332.80 Td (on ) Tj ET Q q 0 0 0 rg BT 238.18 332.80 Td (a ) Tj ET Q q 0 0 0 rg BT 244.42 332.80 Td (recurring ) Tj ET Q q 0 0 0 rg BT 279.65 332.80 Td (basis: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 291.30 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 291.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 291.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 291.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 291.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 291.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 291.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 291.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 291.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 291.30 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 263.30 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 263.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 263.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 263.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 263.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 263.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 263.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 263.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 263.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 263.30 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 235.30 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 235.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 235.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 235.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 235.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 235.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 235.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 235.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 235.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 235.30 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 198.30 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 198.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 198.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 198.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 198.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 198.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 198.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 198.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 198.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 198.30 68.00 -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 295.5 305.29999999999995 m 362.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 305.29999999999995 m 366.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 305.29999999999995 m 433.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 305.29999999999995 m 504.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 305.29999999999995 m 508.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 305.29999999999995 m 576.5 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 291.29999999999995 m 221.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 291.29999999999995 m 291.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 291.29999999999995 m 295.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 291.29999999999995 m 362.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 291.29999999999995 m 433.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 291.29999999999995 m 504.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 291.29999999999995 m 576.5 291.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 291.29999999999995 m 221.5 291.29999999999995 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 76.45 295.75 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.20 309.75 Td (December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.70 309.75 Td (December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.95 295.75 Td (Fair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.35 295.75 Td (Carrying value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.95 295.75 Td (Fair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.85 295.75 Td (Carrying value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 282.70 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 268.56 Td (Interest rate swap - non-current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 267.76 Td ( Level 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.75 267.76 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 267.76 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.75 267.76 Td (2.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 267.76 Td (2.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 254.70 Td (Liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 240.56 Td (Currency forward contracts - current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 239.76 Td ( Level 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 239.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 239.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.75 239.76 Td (8.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 239.76 Td (8.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 226.56 Td (Interest rate swaps - current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 225.76 Td ( Level 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 225.76 Td (25.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.25 225.76 Td (25.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 225.76 Td (39.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 225.76 Td (39.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 212.56 Td (Interest rate swaps qualified for hedge ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 203.56 Td (accounting - non-current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 202.76 Td ( Level 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.75 202.76 Td (2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 202.76 Td (2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.75 202.76 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 202.76 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 189.56 Td (Cross Currency swap - current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 188.76 Td ( Level 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 188.76 Td (98.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.25 188.76 Td (98.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 188.76 Td (64.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 188.76 Td (64.4) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 157.20 Td (US ) Tj ET Q q 0 0 0 rg BT 50.53 157.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 74.70 157.20 Td ( ) Tj ET Q q 0 0 0 rg BT 77.73 157.20 Td (emphasizes ) Tj ET Q q 0 0 0 rg BT 122.24 157.20 Td (that ) Tj ET Q q 0 0 0 rg BT 138.76 157.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.27 157.20 Td (value ) Tj ET Q q 0 0 0 rg BT 176.79 157.20 Td (is ) Tj ET Q q 0 0 0 rg BT 185.82 157.20 Td (a ) Tj ET Q q 0 0 0 rg BT 192.84 157.20 Td (market-based ) Tj ET Q q 0 0 0 rg BT 244.34 157.20 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 297.60 157.20 Td (not ) Tj ET Q q 0 0 0 rg BT 312.12 157.20 Td (an ) Tj ET Q q 0 0 0 rg BT 323.64 157.20 Td (entity-specific ) Tj ET Q q 0 0 0 rg BT 378.15 157.20 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 431.40 157.20 Td (and ) Tj ET Q q 0 0 0 rg BT 447.42 157.20 Td (should ) Tj ET Q q 0 0 0 rg BT 474.45 157.20 Td (be ) Tj ET Q q 0 0 0 rg BT 485.97 157.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 529.48 157.20 Td (based ) Tj ET Q q 0 0 0 rg BT 553.00 157.20 Td (on ) Tj ET Q q 0 0 0 rg BT 565.02 157.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 146.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 82.84 146.40 Td (that ) Tj ET Q q 0 0 0 rg BT 98.68 146.40 Td (market ) Tj ET Q q 0 0 0 rg BT 126.01 146.40 Td (participants ) Tj ET Q q 0 0 0 rg BT 170.33 146.40 Td (would ) Tj ET Q q 0 0 0 rg BT 195.17 146.40 Td (use ) Tj ET Q q 0 0 0 rg BT 209.51 146.40 Td (in ) Tj ET Q q 0 0 0 rg BT 218.85 146.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 246.68 146.40 Td (the ) Tj ET Q q 0 0 0 rg BT 260.02 146.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 279.85 146.40 Td (or ) Tj ET Q q 0 0 0 rg BT 289.69 146.40 Td (liability) Tj ET Q q 0 0 0 rg BT 317.11 146.40 Td (. ) Tj ET Q q 0 0 0 rg BT 321.18 146.40 Td (As ) Tj ET Q q 0 0 0 rg BT 333.52 146.40 Td (a ) Tj ET Q q 0 0 0 rg BT 339.86 146.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 360.20 146.40 Td (for ) Tj ET Q q 0 0 0 rg BT 373.03 146.40 Td (considering ) Tj ET Q q 0 0 0 rg BT 417.36 146.40 Td (market ) Tj ET Q q 0 0 0 rg BT 444.69 146.40 Td (participant ) Tj ET Q q 0 0 0 rg BT 485.51 146.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 532.36 146.40 Td (in ) Tj ET Q q 0 0 0 rg BT 541.70 146.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 556.53 146.40 Td (value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 135.60 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 92.11 135.60 Td (US ) Tj ET Q q 0 0 0 rg BT 105.98 135.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 130.15 135.60 Td ( ) Tj ET Q q 0 0 0 rg BT 132.53 135.60 Td (establishes ) Tj ET Q q 0 0 0 rg BT 173.90 135.60 Td (a ) Tj ET Q q 0 0 0 rg BT 180.26 135.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 195.13 135.60 Td (value ) Tj ET Q q 0 0 0 rg BT 216.99 135.60 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 253.34 135.60 Td (that ) Tj ET Q q 0 0 0 rg BT 269.21 135.60 Td (distinguishes ) Tj ET Q q 0 0 0 rg BT 318.59 135.60 Td (between ) Tj ET Q q 0 0 0 rg BT 350.95 135.60 Td (market ) Tj ET Q q 0 0 0 rg BT 378.31 135.60 Td (participant ) Tj ET Q q 0 0 0 rg BT 419.17 135.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 466.04 135.60 Td (based ) Tj ET Q q 0 0 0 rg BT 488.91 135.60 Td (on ) Tj ET Q q 0 0 0 rg BT 500.28 135.60 Td (market ) Tj ET Q q 0 0 0 rg BT 527.65 135.60 Td (data ) Tj ET Q q 0 0 0 rg BT 545.01 135.60 Td (obtained ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 124.80 Td (from ) Tj ET Q q 0 0 0 rg BT 56.28 124.80 Td (sources ) Tj ET Q q 0 0 0 rg BT 86.05 124.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 132.81 124.80 Td (of ) Tj ET Q q 0 0 0 rg BT 143.09 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.87 124.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 192.64 124.80 Td (entity ) Tj ET Q q 0 0 0 rg BT 215.91 124.80 Td (\(observable ) Tj ET Q q 0 0 0 rg BT 260.68 124.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 285.46 124.80 Td (that ) Tj ET Q q 0 0 0 rg BT 301.74 124.80 Td (are ) Tj ET Q q 0 0 0 rg BT 315.50 124.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 352.27 124.80 Td (within ) Tj ET Q q 0 0 0 rg BT 378.05 124.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 401.83 124.80 Td (one ) Tj ET Q q 0 0 0 rg BT 417.60 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 433.38 124.80 Td (two ) Tj ET Q q 0 0 0 rg BT 449.66 124.80 Td (of ) Tj ET Q q 0 0 0 rg BT 459.94 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 473.71 124.80 Td (hierarchy\) ) Tj ET Q q 0 0 0 rg BT 513.47 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 543.02 124.80 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 114.00 Td (entity) Tj ET Q q 0 0 0 rg BT 59.00 114.00 Td (s ) Tj ET Q q 0 0 0 rg BT 64.75 114.00 Td (own ) Tj ET Q q 0 0 0 rg BT 82.50 114.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 129.25 114.00 Td (about ) Tj ET Q q 0 0 0 rg BT 151.50 114.00 Td (market ) Tj ET Q q 0 0 0 rg BT 178.73 114.00 Td (participant ) Tj ET Q q 0 0 0 rg BT 219.47 114.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 266.22 114.00 Td (\(unobservable ) Tj ET Q q 0 0 0 rg BT 319.45 114.00 Td (inputs ) Tj ET Q q 0 0 0 rg BT 343.71 114.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 379.94 114.00 Td (within ) Tj ET Q q 0 0 0 rg BT 405.19 114.00 Td (level ) Tj ET Q q 0 0 0 rg BT 424.93 114.00 Td (three ) Tj ET Q q 0 0 0 rg BT 445.17 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 454.92 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 468.16 114.00 Td (hierarchy\). ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 86.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 59.03 86.40 Td (one ) Tj ET Q q 0 0 0 rg BT 74.56 86.40 Td (input ) Tj ET Q q 0 0 0 rg BT 95.60 86.40 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 124.14 86.40 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 165.67 86.40 Td (quoted ) Tj ET Q q 0 0 0 rg BT 192.70 86.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 216.73 86.40 Td (in ) Tj ET Q q 0 0 0 rg BT 226.27 86.40 Td (active ) Tj ET Q q 0 0 0 rg BT 250.30 86.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 281.33 86.40 Td (for ) Tj ET Q q 0 0 0 rg BT 294.36 86.40 Td (identical ) Tj ET Q q 0 0 0 rg BT 327.89 86.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.43 86.40 Td (or ) Tj ET Q q 0 0 0 rg BT 361.46 86.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 397.50 86.40 Td (that ) Tj ET Q q 0 0 0 rg BT 413.53 86.40 Td (the ) Tj ET Q q 0 0 0 rg BT 427.07 86.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.61 86.40 Td (has ) Tj ET Q q 0 0 0 rg BT 479.14 86.40 Td (the ) Tj ET Q q 0 0 0 rg BT 492.68 86.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 518.22 86.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.76 86.40 Td (access. ) Tj ET Q q 0 0 0 rg BT 555.53 86.40 Td (Level ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 75.60 Td (two ) Tj ET Q q 0 0 0 rg BT 51.81 75.60 Td (inputs ) Tj ET Q q 0 0 0 rg BT 76.13 75.60 Td (are ) Tj ET Q q 0 0 0 rg BT 89.43 75.60 Td (inputs ) Tj ET Q q 0 0 0 rg BT 113.75 75.60 Td (other ) Tj ET Q q 0 0 0 rg BT 134.56 75.60 Td (than ) Tj ET Q q 0 0 0 rg BT 152.36 75.60 Td (quoted ) Tj ET Q q 0 0 0 rg BT 179.17 75.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 202.98 75.60 Td (included ) Tj ET Q q 0 0 0 rg BT 236.28 75.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.60 75.60 Td (level ) Tj ET Q q 0 0 0 rg BT 265.40 75.60 Td (one ) Tj ET Q q 0 0 0 rg BT 280.71 75.60 Td (that ) Tj ET Q q 0 0 0 rg BT 296.52 75.60 Td (are ) Tj ET Q q 0 0 0 rg BT 309.82 75.60 Td (observable ) Tj ET Q q 0 0 0 rg BT 351.12 75.60 Td (for ) Tj ET Q q 0 0 0 rg BT 363.92 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.23 75.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 397.04 75.60 Td (or ) Tj ET Q q 0 0 0 rg BT 406.85 75.60 Td (liability) Tj ET Q q 0 0 0 rg BT 434.27 75.60 Td (, ) Tj ET Q q 0 0 0 rg BT 438.83 75.60 Td (either ) Tj ET Q q 0 0 0 rg BT 461.63 75.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 491.43 75.60 Td (or ) Tj ET Q q 0 0 0 rg BT 501.24 75.60 Td (indirectly) Tj ET Q q 0 0 0 rg BT 535.15 75.60 Td (. ) Tj ET Q q 0 0 0 rg BT 539.71 75.60 Td (Level ) Tj ET Q q 0 0 0 rg BT 562.51 75.60 Td (two ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 64.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 60.29 64.80 Td (may ) Tj ET Q q 0 0 0 rg BT 78.08 64.80 Td (include ) Tj ET Q q 0 0 0 rg BT 106.86 64.80 Td (quoted ) Tj ET Q q 0 0 0 rg BT 133.64 64.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 157.42 64.80 Td (for ) Tj ET Q q 0 0 0 rg BT 170.20 64.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 197.49 64.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.78 64.80 Td (and ) Tj ET Q q 0 0 0 rg BT 236.06 64.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 271.85 64.80 Td (in ) Tj ET Q q 0 0 0 rg BT 281.14 64.80 Td (active ) Tj ET Q q 0 0 0 rg BT 304.91 64.80 Td (markets, ) Tj ET Q q 0 0 0 rg BT 337.94 64.80 Td (as ) Tj ET Q q 0 0 0 rg BT 347.73 64.80 Td (well ) Tj ET Q q 0 0 0 rg BT 365.51 64.80 Td (as ) Tj ET Q q 0 0 0 rg BT 375.30 64.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 399.59 64.80 Td (that ) Tj ET Q q 0 0 0 rg BT 415.38 64.80 Td (are ) Tj ET Q q 0 0 0 rg BT 428.65 64.80 Td (observable ) Tj ET Q q 0 0 0 rg BT 469.92 64.80 Td (for ) Tj ET Q q 0 0 0 rg BT 482.71 64.80 Td (the ) Tj ET Q q 0 0 0 rg BT 495.99 64.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.78 64.80 Td (or ) Tj ET Q q 0 0 0 rg BT 525.56 64.80 Td (liability) Tj ET Q q 0 0 0 rg BT 552.98 64.80 Td (, ) Tj ET Q q 0 0 0 rg BT 557.52 64.80 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 54.00 Td (than ) Tj ET Q q 0 0 0 rg BT 53.70 54.00 Td (quoted ) Tj ET Q q 0 0 0 rg BT 80.39 54.00 Td (prices, ) Tj ET Q q 0 0 0 rg BT 106.33 54.00 Td (such ) Tj ET Q q 0 0 0 rg BT 125.03 54.00 Td (as ) Tj ET Q q 0 0 0 rg BT 134.73 54.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 163.42 54.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 184.86 54.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 213.06 54.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 249.24 54.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 268.43 54.00 Td (and ) Tj ET Q q 0 0 0 rg BT 283.62 54.00 Td (yield ) Tj ET Q q 0 0 0 rg BT 303.82 54.00 Td (curves ) Tj ET Q q 0 0 0 rg BT 329.51 54.00 Td (that ) Tj ET Q q 0 0 0 rg BT 345.21 54.00 Td (are ) Tj ET Q q 0 0 0 rg BT 358.40 54.00 Td (observable ) Tj ET Q q 0 0 0 rg BT 399.58 54.00 Td (at ) Tj ET Q q 0 0 0 rg BT 408.28 54.00 Td (commonly ) Tj ET Q q 0 0 0 rg BT 448.98 54.00 Td (quoted ) Tj ET Q q 0 0 0 rg BT 475.67 54.00 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 511.11 54.00 Td (Level ) Tj ET Q q 0 0 0 rg BT 533.80 54.00 Td (three ) Tj ET Q q 0 0 0 rg BT 553.99 54.00 Td (inputs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 43.20 Td (are ) Tj ET Q q 0 0 0 rg BT 48.71 43.20 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 98.42 43.20 Td (inputs ) Tj ET Q q 0 0 0 rg BT 122.15 43.20 Td (for ) Tj ET Q q 0 0 0 rg BT 134.37 43.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.09 43.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 166.31 43.20 Td (or ) Tj ET Q q 0 0 0 rg BT 175.54 43.20 Td (liability) Tj ET Q q 0 0 0 rg BT 202.95 43.20 Td (, ) Tj ET Q q 0 0 0 rg BT 206.93 43.20 Td (which ) Tj ET Q q 0 0 0 rg BT 230.65 43.20 Td (are ) Tj ET Q q 0 0 0 rg BT 243.36 43.20 Td (typically ) Tj ET Q q 0 0 0 rg BT 276.58 43.20 Td (based ) Tj ET Q q 0 0 0 rg BT 298.79 43.20 Td (on ) Tj ET Q q 0 0 0 rg BT 309.52 43.20 Td (an ) Tj ET Q q 0 0 0 rg BT 319.74 43.20 Td (entity) Tj ET Q q 0 0 0 rg BT 342.74 43.20 Td (s ) Tj ET Q q 0 0 0 rg BT 347.97 43.20 Td (own ) Tj ET Q q 0 0 0 rg BT 365.19 43.20 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 413.67 43.20 Td (as ) Tj ET Q q 0 0 0 rg BT 422.89 43.20 Td (there ) Tj ET Q q 0 0 0 rg BT 442.61 43.20 Td (is ) Tj ET Q q 0 0 0 rg BT 450.34 43.20 Td (little, ) Tj ET Q q 0 0 0 rg BT 470.81 43.20 Td (if ) Tj ET Q q 0 0 0 rg BT 478.03 43.20 Td (any) Tj ET Q q 0 0 0 rg BT 490.44 43.20 Td (, ) Tj ET Q q 0 0 0 rg BT 494.42 43.20 Td (related ) Tj ET Q q 0 0 0 rg BT 520.63 43.20 Td (market ) Tj ET Q q 0 0 0 rg BT 547.34 43.20 Td (activity) Tj ET Q q 0 0 0 rg BT 573.75 43.20 Td (. ) Tj ET Q endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.84 749.80 Td (instances ) Tj ET Q q 0 0 0 rg BT 81.18 749.80 Td (where ) Tj ET Q q 0 0 0 rg BT 105.52 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 118.86 749.80 Td (determination ) Tj ET Q q 0 0 0 rg BT 171.19 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 181.03 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 194.38 749.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 209.21 749.80 Td (value ) Tj ET Q q 0 0 0 rg BT 231.05 749.80 Td (measurement ) Tj ET Q q 0 0 0 rg BT 281.38 749.80 Td (is ) Tj ET Q q 0 0 0 rg BT 289.73 749.80 Td (based ) Tj ET Q q 0 0 0 rg BT 312.57 749.80 Td (on ) Tj ET Q q 0 0 0 rg BT 323.92 749.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 348.27 749.80 Td (from ) Tj ET Q q 0 0 0 rg BT 368.11 749.80 Td (dif) Tj ET Q q 0 0 0 rg BT 377.94 749.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 401.28 749.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 424.62 749.80 Td (of ) Tj ET Q q 0 0 0 rg BT 434.46 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 447.80 749.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 462.64 749.80 Td (value ) Tj ET Q q 0 0 0 rg BT 484.48 749.80 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 517.87 749.80 Td (, ) Tj ET Q q 0 0 0 rg BT 522.47 749.80 Td (the ) Tj ET Q q 0 0 0 rg BT 535.81 749.80 Td (level ) Tj ET Q q 0 0 0 rg BT 555.65 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 565.00 749.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 50.12 739.00 Td (value ) Tj ET Q q 0 0 0 rg BT 71.24 739.00 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 106.84 739.00 Td (within ) Tj ET Q q 0 0 0 rg BT 131.47 739.00 Td (which ) Tj ET Q q 0 0 0 rg BT 155.10 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 739.00 Td (entire ) Tj ET Q q 0 0 0 rg BT 189.83 739.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.95 739.00 Td (value ) Tj ET Q q 0 0 0 rg BT 225.07 739.00 Td (measurement ) Tj ET Q q 0 0 0 rg BT 274.68 739.00 Td (falls ) Tj ET Q q 0 0 0 rg BT 291.80 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 299.43 739.00 Td (based ) Tj ET Q q 0 0 0 rg BT 321.55 739.00 Td (on ) Tj ET Q q 0 0 0 rg BT 332.18 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 344.81 739.00 Td (lowest ) Tj ET Q q 0 0 0 rg BT 369.93 739.00 Td (level ) Tj ET Q q 0 0 0 rg BT 389.05 739.00 Td (input ) Tj ET Q q 0 0 0 rg BT 409.18 739.00 Td (that ) Tj ET Q q 0 0 0 rg BT 424.30 739.00 Td (is ) Tj ET Q q 0 0 0 rg BT 431.93 739.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 471.55 739.00 Td (to ) Tj ET Q q 0 0 0 rg BT 480.18 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.81 739.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 506.92 739.00 Td (value ) Tj ET Q q 0 0 0 rg BT 528.04 739.00 Td (measurement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 45.39 728.20 Td (its ) Tj ET Q q 0 0 0 rg BT 56.28 728.20 Td (entirety) Tj ET Q q 0 0 0 rg BT 83.18 728.20 Td (. ) Tj ET Q q 0 0 0 rg BT 87.65 728.20 Td (The ) Tj ET Q q 0 0 0 rg BT 104.03 728.20 Td (Company) Tj ET Q q 0 0 0 rg BT 141.52 728.20 Td (s ) Tj ET Q q 0 0 0 rg BT 147.41 728.20 Td (assessment ) Tj ET Q q 0 0 0 rg BT 189.80 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 199.68 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.06 728.20 Td (significance ) Tj ET Q q 0 0 0 rg BT 258.93 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 268.81 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 275.20 728.20 Td (particular ) Tj ET Q q 0 0 0 rg BT 312.06 728.20 Td (input ) Tj ET Q q 0 0 0 rg BT 332.95 728.20 Td (to ) Tj ET Q q 0 0 0 rg BT 342.34 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 355.72 728.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.60 728.20 Td (value ) Tj ET Q q 0 0 0 rg BT 392.47 728.20 Td (measurement ) Tj ET Q q 0 0 0 rg BT 442.84 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 452.23 728.20 Td (its ) Tj ET Q q 0 0 0 rg BT 463.12 728.20 Td (entirety ) Tj ET Q q 0 0 0 rg BT 492.99 728.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 524.37 728.20 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 563.00 728.20 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (considers ) Tj ET Q q 0 0 0 rg BT 72.24 717.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 98.98 717.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 129.21 717.40 Td (to ) Tj ET Q q 0 0 0 rg BT 138.46 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.71 717.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 171.45 717.40 Td (or ) Tj ET Q q 0 0 0 rg BT 181.20 717.40 Td (liability) Tj ET Q q 0 0 0 rg BT 208.61 717.40 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 689.80 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 64.74 689.80 Td (market ) Tj ET Q q 0 0 0 rg BT 91.98 689.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 115.72 689.80 Td (are ) Tj ET Q q 0 0 0 rg BT 128.96 689.80 Td (used ) Tj ET Q q 0 0 0 rg BT 147.70 689.80 Td (to ) Tj ET Q q 0 0 0 rg BT 156.96 689.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 189.19 689.80 Td (the ) Tj ET Q q 0 0 0 rg BT 202.44 689.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 217.18 689.80 Td (value ) Tj ET Q q 0 0 0 rg BT 238.92 689.80 Td (of ) Tj ET Q q 0 0 0 rg BT 248.66 689.80 Td (marketable ) Tj ET Q q 0 0 0 rg BT 290.89 689.80 Td (securities, ) Tj ET Q q 0 0 0 rg BT 329.38 689.80 Td (which ) Tj ET Q q 0 0 0 rg BT 353.62 689.80 Td (are ) Tj ET Q q 0 0 0 rg BT 366.86 689.80 Td (valued ) Tj ET Q q 0 0 0 rg BT 393.10 689.80 Td (at ) Tj ET Q q 0 0 0 rg BT 401.84 689.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 416.58 689.80 Td (value ) Tj ET Q q 0 0 0 rg BT 438.32 689.80 Td (on ) Tj ET Q q 0 0 0 rg BT 449.57 689.80 Td (a ) Tj ET Q q 0 0 0 rg BT 455.82 689.80 Td (recurring ) Tj ET Q q 0 0 0 rg BT 491.05 689.80 Td (basis. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 662.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.36 662.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 67.22 662.20 Td (values ) Tj ET Q q 0 0 0 rg BT 92.58 662.20 Td (of ) Tj ET Q q 0 0 0 rg BT 102.44 662.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 131.30 662.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 147.15 662.20 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 173.77 662.20 Td (cross ) Tj ET Q q 0 0 0 rg BT 194.63 662.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 228.48 662.20 Td (swaps ) Tj ET Q q 0 0 0 rg BT 252.85 662.20 Td (and ) Tj ET Q q 0 0 0 rg BT 268.21 662.20 Td (forward ) Tj ET Q q 0 0 0 rg BT 299.06 662.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 335.41 662.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 370.26 662.20 Td (are ) Tj ET Q q 0 0 0 rg BT 383.61 662.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 422.46 662.20 Td (using ) Tj ET Q q 0 0 0 rg BT 444.33 662.20 Td (the ) Tj ET Q q 0 0 0 rg BT 457.69 662.20 Td (income ) Tj ET Q q 0 0 0 rg BT 486.55 662.20 Td (approach, ) Tj ET Q q 0 0 0 rg BT 524.15 662.20 Td (discounting ) Tj ET Q q 0 0 0 rg BT 568.51 662.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 651.40 Td (future ) Tj ET Q q 0 0 0 rg BT 60.16 651.40 Td (contracted ) Tj ET Q q 0 0 0 rg BT 100.30 651.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.96 651.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 141.63 651.40 Td (on ) Tj ET Q q 0 0 0 rg BT 153.30 651.40 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 182.97 651.40 Td (and ) Tj ET Q q 0 0 0 rg BT 198.63 651.40 Td (NIBOR ) Tj ET Q q 0 0 0 rg BT 229.30 651.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 258.46 651.40 Td (rates. ) Tj ET Q q 0 0 0 rg BT 280.37 651.40 Td ( ) Tj ET Q q 0 0 0 rg BT 282.84 651.40 Td (W) Tj ET Q q 0 0 0 rg BT 290.62 651.40 Td (e ) Tj ET Q q 0 0 0 rg BT 297.28 651.40 Td (have ) Tj ET Q q 0 0 0 rg BT 316.94 651.40 Td (categorized ) Tj ET Q q 0 0 0 rg BT 361.08 651.40 Td (these ) Tj ET Q q 0 0 0 rg BT 382.24 651.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 427.89 651.40 Td (as ) Tj ET Q q 0 0 0 rg BT 438.06 651.40 Td (level ) Tj ET Q q 0 0 0 rg BT 458.22 651.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 465.39 651.40 Td (on ) Tj ET Q q 0 0 0 rg BT 477.06 651.40 Td (the ) Tj ET Q q 0 0 0 rg BT 490.72 651.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 505.88 651.40 Td (value ) Tj ET Q q 0 0 0 rg BT 528.03 651.40 Td (measurement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 640.60 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 69.39 640.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 613.00 Td (As ) Tj ET Q q 0 0 0 rg BT 48.06 613.00 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.61 613.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.14 613.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.14 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 129.20 613.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.25 613.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.78 613.00 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.78 613.00 Td ( ) Tj ET Q q 0 0 0 rg BT 216.83 613.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 252.38 613.00 Td (or ) Tj ET Q q 0 0 0 rg BT 261.94 613.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.99 613.00 Td (related ) Tj ET Q q 0 0 0 rg BT 311.53 613.00 Td (to ) Tj ET Q q 0 0 0 rg BT 320.58 613.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.12 613.00 Td (and ) Tj ET Q q 0 0 0 rg BT 369.17 613.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 407.21 613.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 451.26 613.00 Td (are ) Tj ET Q q 0 0 0 rg BT 464.31 613.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 500.84 613.00 Td (at ) Tj ET Q q 0 0 0 rg BT 509.40 613.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 530.45 613.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 563.01 613.00 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 602.20 Td (have ) Tj ET Q q 0 0 0 rg BT 55.24 602.20 Td (not ) Tj ET Q q 0 0 0 rg BT 68.99 602.20 Td (been ) Tj ET Q q 0 0 0 rg BT 88.23 602.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 124.96 602.20 Td (net ) Tj ET Q q 0 0 0 rg BT 138.21 602.20 Td (because ) Tj ET Q q 0 0 0 rg BT 168.94 602.20 Td (we ) Tj ET Q q 0 0 0 rg BT 181.68 602.20 Td (do ) Tj ET Q q 0 0 0 rg BT 192.93 602.20 Td (not ) Tj ET Q q 0 0 0 rg BT 206.68 602.20 Td (have ) Tj ET Q q 0 0 0 rg BT 225.92 602.20 Td (the ) Tj ET Q q 0 0 0 rg BT 239.17 602.20 Td (right ) Tj ET Q q 0 0 0 rg BT 258.42 602.20 Td (of ) Tj ET Q q 0 0 0 rg BT 268.16 602.20 Td (of) Tj ET Q q 0 0 0 rg BT 275.50 602.20 Td (fset. ) Tj ET Q q 0 0 0 rg BT 292.83 602.20 Td (The ) Tj ET Q q 0 0 0 rg BT 309.07 602.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 341.82 602.20 Td (are ) Tj ET Q q 0 0 0 rg BT 355.06 602.20 Td (included ) Tj ET Q q 0 0 0 rg BT 388.30 602.20 Td (in ) Tj ET Q q 0 0 0 rg BT 397.55 602.20 Td (our ) Tj ET Q q 0 0 0 rg BT 411.79 602.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 426.53 602.20 Td (value ) Tj ET Q q 0 0 0 rg BT 448.27 602.20 Td (table ) Tj ET Q q 0 0 0 rg BT 468.01 602.20 Td (above.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 574.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.50 574.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.99 574.60 Td (value ) Tj ET Q q 0 0 0 rg BT 106.99 574.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.00 574.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.50 574.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.00 574.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.51 574.60 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 213.00 574.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.51 574.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 264.50 574.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 285.25 574.60 Td (which ) Tj ET Q q 0 0 0 rg BT 309.75 574.60 Td (are ) Tj ET Q q 0 0 0 rg BT 323.25 574.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 348.76 574.60 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 374.52 574.60 Td (is ) Tj ET Q q 0 0 0 rg BT 383.03 574.60 Td (a ) Tj ET Q q 0 0 0 rg BT 389.54 574.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 430.52 574.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 463.02 574.60 Td (of ) Tj ET Q q 0 0 0 rg BT 473.03 574.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 488.03 574.60 Td (value ) Tj ET Q q 0 0 0 rg BT 510.02 574.60 Td (and ) Tj ET Q q 0 0 0 rg BT 525.53 574.60 Td (categorized ) Tj ET Q q 0 0 0 rg BT 569.51 574.60 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 563.80 Td (level ) Tj ET Q q 0 0 0 rg BT 55.74 563.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 62.49 563.80 Td (on ) Tj ET Q q 0 0 0 rg BT 73.74 563.80 Td (the ) Tj ET Q q 0 0 0 rg BT 86.99 563.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 101.72 563.80 Td (value ) Tj ET Q q 0 0 0 rg BT 123.46 563.80 Td (measurement ) Tj ET Q q 0 0 0 rg BT 173.69 563.80 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 207.09 563.80 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 536.20 Td (The ) Tj ET Q q 0 0 0 rg BT 51.88 536.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.26 536.20 Td (value ) Tj ET Q q 0 0 0 rg BT 87.63 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 97.02 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.90 536.20 Td (current ) Tj ET Q q 0 0 0 rg BT 137.27 536.20 Td (and ) Tj ET Q q 0 0 0 rg BT 152.16 536.20 Td (long-term ) Tj ET Q q 0 0 0 rg BT 189.53 536.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 217.42 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.80 536.20 Td (floating ) Tj ET Q q 0 0 0 rg BT 256.69 536.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 272.06 536.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 289.44 536.20 Td (is ) Tj ET Q q 0 0 0 rg BT 297.33 536.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 333.71 536.20 Td (to ) Tj ET Q q 0 0 0 rg BT 342.60 536.20 Td (be ) Tj ET Q q 0 0 0 rg BT 352.98 536.20 Td (equal ) Tj ET Q q 0 0 0 rg BT 374.36 536.20 Td (to ) Tj ET Q q 0 0 0 rg BT 383.25 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 396.13 536.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 428.00 536.20 Td (value ) Tj ET Q q 0 0 0 rg BT 449.38 536.20 Td (since ) Tj ET Q q 0 0 0 rg BT 469.76 536.20 Td (it ) Tj ET Q q 0 0 0 rg BT 476.65 536.20 Td (bears ) Tj ET Q q 0 0 0 rg BT 497.52 536.20 Td (variable ) Tj ET Q q 0 0 0 rg BT 528.39 536.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 556.77 536.20 Td (rates, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 525.40 Td (which ) Tj ET Q q 0 0 0 rg BT 60.30 525.40 Td (are ) Tj ET Q q 0 0 0 rg BT 73.58 525.40 Td (reset ) Tj ET Q q 0 0 0 rg BT 92.88 525.40 Td (regularly ) Tj ET Q q 0 0 0 rg BT 127.66 525.40 Td (and ) Tj ET Q q 0 0 0 rg BT 142.96 525.40 Td (usually ) Tj ET Q q 0 0 0 rg BT 171.26 525.40 Td (in ) Tj ET Q q 0 0 0 rg BT 180.56 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.86 525.40 Td (range ) Tj ET Q q 0 0 0 rg BT 216.15 525.40 Td (between ) Tj ET Q q 0 0 0 rg BT 248.43 525.40 Td (every ) Tj ET Q q 0 0 0 rg BT 270.72 525.40 Td (one ) Tj ET Q q 0 0 0 rg BT 286.02 525.40 Td (to ) Tj ET Q q 0 0 0 rg BT 295.32 525.40 Td (six ) Tj ET Q q 0 0 0 rg BT 308.12 525.40 Td (months. ) Tj ET Q q 0 0 0 rg BT 339.01 525.40 Td (W) Tj ET Q q 0 0 0 rg BT 346.78 525.40 Td (e ) Tj ET Q q 0 0 0 rg BT 353.08 525.40 Td (have ) Tj ET Q q 0 0 0 rg BT 372.37 525.40 Td (categorized ) Tj ET Q q 0 0 0 rg BT 416.15 525.40 Td (this ) Tj ET Q q 0 0 0 rg BT 431.45 525.40 Td (at ) Tj ET Q q 0 0 0 rg BT 440.25 525.40 Td (level ) Tj ET Q q 0 0 0 rg BT 460.04 525.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 466.84 525.40 Td (on ) Tj ET Q q 0 0 0 rg BT 478.14 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.44 525.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 506.23 525.40 Td (value ) Tj ET Q q 0 0 0 rg BT 528.02 525.40 Td (measurement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 514.60 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 69.39 514.60 Td (. ) Tj ET Q q 0 0 0 rg BT 73.90 514.60 Td (W) Tj ET Q q 0 0 0 rg BT 81.68 514.60 Td (e ) Tj ET Q q 0 0 0 rg BT 88.10 514.60 Td (have ) Tj ET Q q 0 0 0 rg BT 107.53 514.60 Td (based ) Tj ET Q q 0 0 0 rg BT 130.45 514.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.88 514.60 Td (table ) Tj ET Q q 0 0 0 rg BT 163.80 514.60 Td (above ) Tj ET Q q 0 0 0 rg BT 187.73 514.60 Td (on ) Tj ET Q q 0 0 0 rg BT 199.16 514.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.59 514.60 Td (total ) Tj ET Q q 0 0 0 rg BT 231.02 514.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 263.44 514.60 Td (value ) Tj ET Q q 0 0 0 rg BT 285.36 514.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.29 514.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 329.71 514.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 374.14 514.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 394.32 514.60 Td (before ) Tj ET Q q 0 0 0 rg BT 419.74 514.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 461.15 514.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 479.08 514.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 496.00 514.60 Td (are ) Tj ET Q q 0 0 0 rg BT 509.42 514.60 Td (deducted. ) Tj ET Q q 0 0 0 rg BT 546.59 514.60 Td (Refer ) Tj ET Q q 0 0 0 rg BT 569.01 514.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 503.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 55.74 503.80 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.74 503.80 Td ( ) Tj ET Q q 0 0 0 rg BT 66.99 503.80 Td (- ) Tj ET Q q 0 0 0 rg BT 72.24 503.80 Td (Long ) Tj ET Q q 0 0 0 rg BT 93.49 503.80 Td (term ) Tj ET Q q 0 0 0 rg BT 112.23 503.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 129.98 503.80 Td (for ) Tj ET Q q 0 0 0 rg BT 142.72 503.80 Td (more ) Tj ET Q q 0 0 0 rg BT 163.46 503.80 Td (information.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 476.20 Td ( ) Tj ET Q q 0 0 0 rg BT 37.87 476.20 Td (The ) Tj ET Q q 0 0 0 rg BT 53.87 476.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 68.37 476.20 Td (value ) Tj ET Q q 0 0 0 rg BT 89.87 476.20 Td (of ) Tj ET Q q 0 0 0 rg BT 99.38 476.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.39 476.20 Td ($600 ) Tj ET Q q 0 0 0 rg BT 132.40 476.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.40 476.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.41 476.20 Td (6.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.66 476.20 Td ( ) Tj ET Q q 0 0 0 rg BT 185.67 476.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 211.18 476.20 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 251.68 476.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 274.69 476.20 Td (due ) Tj ET Q q 0 0 0 rg BT 289.69 476.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 309.70 476.20 Td (and ) Tj ET Q q 0 0 0 rg BT 324.71 476.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.72 476.20 Td (NOK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.22 476.20 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 379.48 476.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.48 476.20 Td ( ) Tj ET Q q 0 0 0 rg BT 407.49 476.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 433.00 476.20 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 473.50 476.20 Td (Bond ) Tj ET Q q 0 0 0 rg BT 495.01 476.20 Td ( ) Tj ET Q q 0 0 0 rg BT 497.02 476.20 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.53 476.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 558.02 476.20 Td (2015) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 465.40 Td (is ) Tj ET Q q 0 0 0 rg BT 44.25 465.40 Td (based ) Tj ET Q q 0 0 0 rg BT 66.99 465.40 Td (at ) Tj ET Q q 0 0 0 rg BT 75.74 465.40 Td (the ) Tj ET Q q 0 0 0 rg BT 88.98 465.40 Td (price ) Tj ET Q q 0 0 0 rg BT 109.22 465.40 Td (it ) Tj ET Q q 0 0 0 rg BT 116.47 465.40 Td (is ) Tj ET Q q 0 0 0 rg BT 124.73 465.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 152.47 465.40 Td (at ) Tj ET Q q 0 0 0 rg BT 161.21 465.40 Td (the ) Tj ET Q q 0 0 0 rg BT 174.46 465.40 Td (year ) Tj ET Q q 0 0 0 rg BT 192.19 465.40 Td (end. ) Tj ET Q q 0 0 0 rg BT 209.53 465.40 Td (W) Tj ET Q q 0 0 0 rg BT 217.30 465.40 Td (e ) Tj ET Q q 0 0 0 rg BT 223.55 465.40 Td (have ) Tj ET Q q 0 0 0 rg BT 242.78 465.40 Td (categorized ) Tj ET Q q 0 0 0 rg BT 286.51 465.40 Td (this ) Tj ET Q q 0 0 0 rg BT 301.76 465.40 Td (at ) Tj ET Q q 0 0 0 rg BT 310.50 465.40 Td (level ) Tj ET Q q 0 0 0 rg BT 330.24 465.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 336.99 465.40 Td (on ) Tj ET Q q 0 0 0 rg BT 348.24 465.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.49 465.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 376.23 465.40 Td (value ) Tj ET Q q 0 0 0 rg BT 397.97 465.40 Td (measurement ) Tj ET Q q 0 0 0 rg BT 448.20 465.40 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 481.59 465.40 Td (. ) Tj ET Q q 0 0 0 rg BT 486.09 465.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 437.80 Td (The ) Tj ET Q q 0 0 0 rg BT 51.82 437.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 90.14 437.80 Td (related ) Tj ET Q q 0 0 0 rg BT 116.46 437.80 Td (party ) Tj ET Q q 0 0 0 rg BT 136.78 437.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 154.11 437.80 Td (is ) Tj ET Q q 0 0 0 rg BT 161.94 437.80 Td (categorized ) Tj ET Q q 0 0 0 rg BT 205.24 437.80 Td (at ) Tj ET Q q 0 0 0 rg BT 213.57 437.80 Td (level ) Tj ET Q q 0 0 0 rg BT 232.89 437.80 Td (2 ) Tj ET Q q 0 0 0 rg BT 239.22 437.80 Td (in ) Tj ET Q q 0 0 0 rg BT 248.06 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 260.88 437.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 275.20 437.80 Td (value ) Tj ET Q q 0 0 0 rg BT 296.52 437.80 Td (measurement ) Tj ET Q q 0 0 0 rg BT 346.34 437.80 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 382.15 437.80 Td (and ) Tj ET Q q 0 0 0 rg BT 396.97 437.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 429.30 437.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.13 437.80 Td ($125 ) Tj ET Q q 0 0 0 rg BT 457.97 437.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.97 437.80 Td ( ) Tj ET Q q 0 0 0 rg BT 485.80 437.80 Td (as ) Tj ET Q q 0 0 0 rg BT 495.13 437.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.45 437.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 555.76 437.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.76 437.80 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 395.20 Td (Retained Risk) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 381.40 Td (Physical Damage Insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 367.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.09 367.60 Td (Parent ) Tj ET Q q 0 0 0 rg BT 77.17 367.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 114.75 367.60 Td (hull ) Tj ET Q q 0 0 0 rg BT 130.85 367.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.94 367.60 Td (machinery ) Tj ET Q q 0 0 0 rg BT 186.01 367.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 222.59 367.60 Td (to ) Tj ET Q q 0 0 0 rg BT 231.69 367.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 253.77 367.60 Td (for ) Tj ET Q q 0 0 0 rg BT 266.35 367.60 Td (physical ) Tj ET Q q 0 0 0 rg BT 298.44 367.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 328.52 367.60 Td (to ) Tj ET Q q 0 0 0 rg BT 337.62 367.60 Td (its ) Tj ET Q q 0 0 0 rg BT 348.21 367.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 376.81 367.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 392.40 367.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.49 367.60 Td (char) Tj ET Q q 0 0 0 rg BT 422.81 367.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 436.90 367.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.99 367.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 487.09 367.60 Td (for ) Tj ET Q q 0 0 0 rg BT 499.67 367.60 Td (the ) Tj ET Q q 0 0 0 rg BT 512.76 367.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 529.36 367.60 Td (related ) Tj ET Q q 0 0 0 rg BT 555.93 367.60 Td (to ) Tj ET Q q 0 0 0 rg BT 565.03 367.60 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 356.80 Td (Company) Tj ET Q q 0 0 0 rg BT 73.50 356.80 Td (s ) Tj ET Q q 0 0 0 rg BT 79.25 356.80 Td (fleet. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 329.20 Td (The ) Tj ET Q q 0 0 0 rg BT 51.45 329.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 87.91 329.20 Td (retains ) Tj ET Q q 0 0 0 rg BT 113.35 329.20 Td (the ) Tj ET Q q 0 0 0 rg BT 125.81 329.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 140.77 329.20 Td (for ) Tj ET Q q 0 0 0 rg BT 152.72 329.20 Td (the ) Tj ET Q q 0 0 0 rg BT 165.17 329.20 Td (deductibles ) Tj ET Q q 0 0 0 rg BT 207.62 329.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 236.56 329.20 Td (to ) Tj ET Q q 0 0 0 rg BT 245.02 329.20 Td (physical ) Tj ET Q q 0 0 0 rg BT 276.47 329.20 Td (damage ) Tj ET Q q 0 0 0 rg BT 305.91 329.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 341.86 329.20 Td (on ) Tj ET Q q 0 0 0 rg BT 352.31 329.20 Td (the ) Tj ET Q q 0 0 0 rg BT 364.77 329.20 Td (Company) Tj ET Q q 0 0 0 rg BT 402.27 329.20 Td (s ) Tj ET Q q 0 0 0 rg BT 407.23 329.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 418.68 329.20 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 438.27 329.20 Td (The ) Tj ET Q q 0 0 0 rg BT 453.72 329.20 Td (deductible ) Tj ET Q q 0 0 0 rg BT 492.66 329.20 Td (is ) Tj ET Q q 0 0 0 rg BT 500.13 329.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 534.07 329.20 Td (a ) Tj ET Q q 0 0 0 rg BT 539.52 329.20 Td (maximum ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 318.40 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.75 318.40 Td ($5 ) Tj ET Q q 0 0 0 rg BT 57.00 318.40 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 318.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.25 318.40 Td (per ) Tj ET Q q 0 0 0 rg BT 98.99 318.40 Td (occurrence.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 290.80 Td (Loss of Hire Insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 277.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.47 277.00 Td (Parent ) Tj ET Q q 0 0 0 rg BT 77.94 277.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 115.90 277.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 152.86 277.00 Td (to ) Tj ET Q q 0 0 0 rg BT 162.34 277.00 Td (cover ) Tj ET Q q 0 0 0 rg BT 184.80 277.00 Td (for ) Tj ET Q q 0 0 0 rg BT 197.77 277.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 214.25 277.00 Td (of ) Tj ET Q q 0 0 0 rg BT 224.23 277.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 255.18 277.00 Td (in ) Tj ET Q q 0 0 0 rg BT 264.66 277.00 Td (the ) Tj ET Q q 0 0 0 rg BT 278.13 277.00 Td (event ) Tj ET Q q 0 0 0 rg BT 300.10 277.00 Td (of ) Tj ET Q q 0 0 0 rg BT 310.07 277.00 Td (extensive ) Tj ET Q q 0 0 0 rg BT 346.54 277.00 Td (downtime ) Tj ET Q q 0 0 0 rg BT 385.01 277.00 Td (caused ) Tj ET Q q 0 0 0 rg BT 411.97 277.00 Td (by ) Tj ET Q q 0 0 0 rg BT 423.45 277.00 Td (physical ) Tj ET Q q 0 0 0 rg BT 455.92 277.00 Td (damage ) Tj ET Q q 0 0 0 rg BT 486.38 277.00 Td (to ) Tj ET Q q 0 0 0 rg BT 495.86 277.00 Td (its ) Tj ET Q q 0 0 0 rg BT 506.84 277.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 535.81 277.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 554.04 277.00 Td (where ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 266.20 Td (such ) Tj ET Q q 0 0 0 rg BT 54.75 266.20 Td (damage ) Tj ET Q q 0 0 0 rg BT 84.98 266.20 Td (is ) Tj ET Q q 0 0 0 rg BT 93.23 266.20 Td (covered ) Tj ET Q q 0 0 0 rg BT 123.97 266.20 Td (under ) Tj ET Q q 0 0 0 rg BT 146.71 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 159.95 266.20 Td (Parent) Tj ET Q q 0 0 0 rg BT 185.44 266.20 Td (s ) Tj ET Q q 0 0 0 rg BT 191.20 266.20 Td (physical ) Tj ET Q q 0 0 0 rg BT 223.44 266.20 Td (damage ) Tj ET Q q 0 0 0 rg BT 253.67 266.20 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 292.66 266.20 Td (and ) Tj ET Q q 0 0 0 rg BT 307.90 266.20 Td (char) Tj ET Q q 0 0 0 rg BT 323.23 266.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 337.47 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.72 266.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.97 266.20 Td (for ) Tj ET Q q 0 0 0 rg BT 400.71 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 413.96 266.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 430.70 266.20 Td (related ) Tj ET Q q 0 0 0 rg BT 457.44 266.20 Td (to ) Tj ET Q q 0 0 0 rg BT 466.69 266.20 Td (the ) Tj ET Q q 0 0 0 rg BT 479.93 266.20 Td (Company) Tj ET Q q 0 0 0 rg BT 517.43 266.20 Td (s ) Tj ET Q q 0 0 0 rg BT 523.18 266.20 Td (fleet. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 238.60 Td (The ) Tj ET Q q 0 0 0 rg BT 51.98 238.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 67.98 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.46 238.60 Td (hire ) Tj ET Q q 0 0 0 rg BT 93.44 238.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 129.91 238.60 Td (has ) Tj ET Q q 0 0 0 rg BT 143.90 238.60 Td (a ) Tj ET Q q 0 0 0 rg BT 149.88 238.60 Td (deductible ) Tj ET Q q 0 0 0 rg BT 189.36 238.60 Td (period ) Tj ET Q q 0 0 0 rg BT 214.34 238.60 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.82 238.60 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.82 238.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.81 238.60 Td (days ) Tj ET Q q 0 0 0 rg BT 253.30 238.60 Td (after ) Tj ET Q q 0 0 0 rg BT 271.77 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.76 238.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 326.21 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.70 238.60 Td (physical ) Tj ET Q q 0 0 0 rg BT 367.68 238.60 Td (damage. ) Tj ET Q q 0 0 0 rg BT 399.76 238.60 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 436.87 238.60 Td (, ) Tj ET Q q 0 0 0 rg BT 441.10 238.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 477.58 238.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 507.56 238.60 Td (according ) Tj ET Q q 0 0 0 rg BT 545.03 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 554.02 238.60 Td (which ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.33 227.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 86.67 227.80 Td (is ) Tj ET Q q 0 0 0 rg BT 95.00 227.80 Td (compensated ) Tj ET Q q 0 0 0 rg BT 144.32 227.80 Td (for ) Tj ET Q q 0 0 0 rg BT 157.15 227.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 173.49 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 183.33 227.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 214.14 227.80 Td (are ) Tj ET Q q 0 0 0 rg BT 227.47 227.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 255.30 227.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.63 227.80 Td (210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.13 227.80 Td ( ) Tj ET Q q 0 0 0 rg BT 280.47 227.80 Td (days. ) Tj ET Q q 0 0 0 rg BT 301.38 227.80 Td (The ) Tj ET Q q 0 0 0 rg BT 317.71 227.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.05 227.80 Td (retains ) Tj ET Q q 0 0 0 rg BT 381.37 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 394.70 227.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 410.54 227.80 Td (related ) Tj ET Q q 0 0 0 rg BT 437.36 227.80 Td (to ) Tj ET Q q 0 0 0 rg BT 446.69 227.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 463.04 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 472.87 227.80 Td (hire ) Tj ET Q q 0 0 0 rg BT 489.20 227.80 Td (during ) Tj ET Q q 0 0 0 rg BT 515.03 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.36 227.80 Td (initial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.69 227.80 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.69 227.80 Td ( ) Tj ET Q q 0 0 0 rg BT 563.03 227.80 Td (day ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 217.00 Td (period, ) Tj ET Q q 0 0 0 rg BT 63.49 217.00 Td (as ) Tj ET Q q 0 0 0 rg BT 73.24 217.00 Td (well ) Tj ET Q q 0 0 0 rg BT 90.98 217.00 Td (as ) Tj ET Q q 0 0 0 rg BT 100.73 217.00 Td (any ) Tj ET Q q 0 0 0 rg BT 115.98 217.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 132.23 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.98 217.00 Td (hire ) Tj ET Q q 0 0 0 rg BT 158.22 217.00 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 196.95 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 210.19 217.00 Td (number ) Tj ET Q q 0 0 0 rg BT 239.94 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 249.68 217.00 Td (days ) Tj ET Q q 0 0 0 rg BT 268.43 217.00 Td (permitted ) Tj ET Q q 0 0 0 rg BT 305.17 217.00 Td (under ) Tj ET Q q 0 0 0 rg BT 327.91 217.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 364.65 217.00 Td (policy) Tj ET Q q 0 0 0 rg BT 386.56 217.00 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 189.40 Td (Protection and Indemnity Insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 175.60 Td (The ) Tj ET Q q 0 0 0 rg BT 52.39 175.60 Td (Parent ) Tj ET Q q 0 0 0 rg BT 77.78 175.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 115.66 175.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 154.54 175.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.93 175.60 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 208.83 175.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 245.71 175.60 Td (and ) Tj ET Q q 0 0 0 rg BT 261.10 175.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 286.98 175.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 317.37 175.60 Td (for ) Tj ET Q q 0 0 0 rg BT 330.26 175.60 Td (personal ) Tj ET Q q 0 0 0 rg BT 363.15 175.60 Td (injury ) Tj ET Q q 0 0 0 rg BT 387.04 175.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 417.44 175.60 Td (for ) Tj ET Q q 0 0 0 rg BT 430.33 175.60 Td (crew ) Tj ET Q q 0 0 0 rg BT 450.21 175.60 Td (claims, ) Tj ET Q q 0 0 0 rg BT 478.35 175.60 Td (non-crew ) Tj ET Q q 0 0 0 rg BT 514.73 175.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 540.62 175.60 Td (and ) Tj ET Q q 0 0 0 rg BT 556.01 175.60 Td (third-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 164.80 Td (party ) Tj ET Q q 0 0 0 rg BT 56.74 164.80 Td (property ) Tj ET Q q 0 0 0 rg BT 89.48 164.80 Td (damage ) Tj ET Q q 0 0 0 rg BT 119.72 164.80 Td (including ) Tj ET Q q 0 0 0 rg BT 155.96 164.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.71 164.80 Td (pollution ) Tj ET Q q 0 0 0 rg BT 202.46 164.80 Td (from ) Tj ET Q q 0 0 0 rg BT 222.21 164.80 Td (the ) Tj ET Q q 0 0 0 rg BT 235.45 164.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 264.20 164.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 279.95 164.80 Td (to ) Tj ET Q q 0 0 0 rg BT 289.20 164.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 311.44 164.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 337.18 164.80 Td (of ) Tj ET Q q 0 0 0 rg BT 346.93 164.80 Td (up ) Tj ET Q q 0 0 0 rg BT 358.18 164.80 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.43 164.80 Td ($250 ) Tj ET Q q 0 0 0 rg BT 387.68 164.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.68 164.80 Td (, ) Tj ET Q q 0 0 0 rg BT 418.18 164.80 Td (per ) Tj ET Q q 0 0 0 rg BT 431.93 164.80 Td (event ) Tj ET Q q 0 0 0 rg BT 453.67 164.80 Td (and ) Tj ET Q q 0 0 0 rg BT 468.91 164.80 Td (in ) Tj ET Q q 0 0 0 rg BT 478.16 164.80 Td (the ) Tj ET Q q 0 0 0 rg BT 491.41 164.80 Td (aggregate. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 137.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 137.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.49 137.20 Td (retains ) Tj ET Q q 0 0 0 rg BT 115.73 137.20 Td (the ) Tj ET Q q 0 0 0 rg BT 128.98 137.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 144.73 137.20 Td (for ) Tj ET Q q 0 0 0 rg BT 157.47 137.20 Td (the ) Tj ET Q q 0 0 0 rg BT 170.71 137.20 Td (deductible ) Tj ET Q q 0 0 0 rg BT 210.45 137.20 Td (of ) Tj ET Q q 0 0 0 rg BT 220.20 137.20 Td (up ) Tj ET Q q 0 0 0 rg BT 231.45 137.20 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.70 137.20 Td ($25 ) Tj ET Q q 0 0 0 rg BT 256.45 137.20 Td (thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.94 137.20 Td ( ) Tj ET Q q 0 0 0 rg BT 291.19 137.20 Td (per ) Tj ET Q q 0 0 0 rg BT 304.94 137.20 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 346.65 137.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 376.39 137.20 Td (to ) Tj ET Q q 0 0 0 rg BT 385.64 137.20 Td (protection ) Tj ET Q q 0 0 0 rg BT 424.38 137.20 Td (and ) Tj ET Q q 0 0 0 rg BT 439.62 137.20 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 478.37 137.20 Td (insurance.) Tj ET Q endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 47.48 749.25 Td (edit risk ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 735.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.17 735.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.35 735.45 Td (has ) Tj ET Q q 0 0 0 rg BT 103.53 735.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.20 735.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 162.63 735.45 Td (including ) Tj ET Q q 0 0 0 rg BT 198.81 735.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 216.98 735.45 Td (and ) Tj ET Q q 0 0 0 rg BT 232.16 735.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.33 735.45 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 295.75 735.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 331.41 735.45 Td (cash, ) Tj ET Q q 0 0 0 rg BT 351.84 735.45 Td (other ) Tj ET Q q 0 0 0 rg BT 372.51 735.45 Td (receivables ) Tj ET Q q 0 0 0 rg BT 415.17 735.45 Td (and ) Tj ET Q q 0 0 0 rg BT 430.34 735.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 457.01 735.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 489.69 735.45 Td (receivable ) Tj ET Q q 0 0 0 rg BT 528.84 735.45 Td (on ) Tj ET Q q 0 0 0 rg BT 540.02 735.45 Td (derivative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 724.65 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 82.64 724.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 110.03 724.65 Td (forward ) Tj ET Q q 0 0 0 rg BT 140.90 724.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 177.27 724.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 212.15 724.65 Td (and ) Tj ET Q q 0 0 0 rg BT 227.54 724.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 256.42 724.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 272.30 724.65 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 298.77 724.65 Td (These ) Tj ET Q q 0 0 0 rg BT 322.65 724.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 346.03 724.65 Td (expose ) Tj ET Q q 0 0 0 rg BT 373.42 724.65 Td (the ) Tj ET Q q 0 0 0 rg BT 386.80 724.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 424.19 724.65 Td (to ) Tj ET Q q 0 0 0 rg BT 433.59 724.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 456.47 724.65 Td (risk ) Tj ET Q q 0 0 0 rg BT 472.36 724.65 Td (arising ) Tj ET Q q 0 0 0 rg BT 499.24 724.65 Td (from ) Tj ET Q q 0 0 0 rg BT 519.13 724.65 Td (possible ) Tj ET Q q 0 0 0 rg BT 551.02 724.65 Td (default ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 713.85 Td (by ) Tj ET Q q 0 0 0 rg BT 46.84 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 59.67 713.85 Td (counterparty) Tj ET Q q 0 0 0 rg BT 104.57 713.85 Td (. ) Tj ET Q q 0 0 0 rg BT 108.52 713.85 Td (The ) Tj ET Q q 0 0 0 rg BT 124.36 713.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.19 713.85 Td (considers ) Tj ET Q q 0 0 0 rg BT 197.02 713.85 Td (the ) Tj ET Q q 0 0 0 rg BT 209.86 713.85 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 262.67 713.85 Td (to ) Tj ET Q q 0 0 0 rg BT 271.51 713.85 Td (be ) Tj ET Q q 0 0 0 rg BT 281.85 713.85 Td (creditworthy ) Tj ET Q q 0 0 0 rg BT 329.67 713.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.99 713.85 Td (institutions ) Tj ET Q q 0 0 0 rg BT 404.84 713.85 Td (and ) Tj ET Q q 0 0 0 rg BT 419.68 713.85 Td (does ) Tj ET Q q 0 0 0 rg BT 438.01 713.85 Td (not ) Tj ET Q q 0 0 0 rg BT 451.35 713.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 476.68 713.85 Td (any ) Tj ET Q q 0 0 0 rg BT 491.51 713.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 531.34 713.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 547.18 713.85 Td (to ) Tj ET Q q 0 0 0 rg BT 556.02 713.85 Td (result ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 703.05 Td (from ) Tj ET Q q 0 0 0 rg BT 56.38 703.05 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 121.23 703.05 Td (by ) Tj ET Q q 0 0 0 rg BT 133.11 703.05 Td (such ) Tj ET Q q 0 0 0 rg BT 152.49 703.05 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 208.40 703.05 Td (The ) Tj ET Q q 0 0 0 rg BT 225.27 703.05 Td (Company) Tj ET Q q 0 0 0 rg BT 259.69 703.05 Td (, ) Tj ET Q q 0 0 0 rg BT 264.82 703.05 Td (in ) Tj ET Q q 0 0 0 rg BT 274.70 703.05 Td (the ) Tj ET Q q 0 0 0 rg BT 288.58 703.05 Td (normal ) Tj ET Q q 0 0 0 rg BT 316.96 703.05 Td (course ) Tj ET Q q 0 0 0 rg BT 343.33 703.05 Td (of ) Tj ET Q q 0 0 0 rg BT 353.71 703.05 Td (business, ) Tj ET Q q 0 0 0 rg BT 389.35 703.05 Td (does ) Tj ET Q q 0 0 0 rg BT 408.73 703.05 Td (not ) Tj ET Q q 0 0 0 rg BT 423.11 703.05 Td (demand ) Tj ET Q q 0 0 0 rg BT 454.49 703.05 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 492.89 703.05 Td (The ) Tj ET Q q 0 0 0 rg BT 509.77 703.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 533.14 703.05 Td (exposure ) Tj ET Q q 0 0 0 rg BT 568.51 703.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 692.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 65.02 692.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 81.04 692.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 102.06 692.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 145.57 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.09 692.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 189.61 692.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 223.62 692.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 258.63 692.25 Td (is ) Tj ET Q q 0 0 0 rg BT 267.17 692.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 311.17 692.25 Td (by ) Tj ET Q q 0 0 0 rg BT 322.70 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.22 692.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 351.24 692.25 Td (value ) Tj ET Q q 0 0 0 rg BT 373.26 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.29 692.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 418.30 692.25 Td (with ) Tj ET Q q 0 0 0 rg BT 436.83 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.36 692.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 474.38 692.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 489.40 692.25 Td (value ) Tj ET Q q 0 0 0 rg BT 511.42 692.25 Td (at ) Tj ET Q q 0 0 0 rg BT 520.45 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.97 692.25 Td (end ) Tj ET Q q 0 0 0 rg BT 549.49 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 559.52 692.25 Td (each ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 681.45 Td (period, ) Tj ET Q q 0 0 0 rg BT 63.51 681.45 Td (reduced ) Tj ET Q q 0 0 0 rg BT 94.25 681.45 Td (by ) Tj ET Q q 0 0 0 rg BT 105.52 681.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.78 681.45 Td (ef) Tj ET Q q 0 0 0 rg BT 125.61 681.45 Td (fects ) Tj ET Q q 0 0 0 rg BT 144.86 681.45 Td (of ) Tj ET Q q 0 0 0 rg BT 154.63 681.45 Td (master ) Tj ET Q q 0 0 0 rg BT 180.88 681.45 Td (netting ) Tj ET Q q 0 0 0 rg BT 208.14 681.45 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 253.64 681.45 Td (It ) Tj ET Q q 0 0 0 rg BT 261.40 681.45 Td (is ) Tj ET Q q 0 0 0 rg BT 269.67 681.45 Td (the ) Tj ET Q q 0 0 0 rg BT 282.93 681.45 Td (Company) Tj ET Q q 0 0 0 rg BT 320.43 681.45 Td (s ) Tj ET Q q 0 0 0 rg BT 326.20 681.45 Td (policy ) Tj ET Q q 0 0 0 rg BT 350.96 681.45 Td (to ) Tj ET Q q 0 0 0 rg BT 360.23 681.45 Td (enter ) Tj ET Q q 0 0 0 rg BT 380.48 681.45 Td (into ) Tj ET Q q 0 0 0 rg BT 396.74 681.45 Td (master ) Tj ET Q q 0 0 0 rg BT 423.00 681.45 Td (netting ) Tj ET Q q 0 0 0 rg BT 450.26 681.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 493.51 681.45 Td (with ) Tj ET Q q 0 0 0 rg BT 511.77 681.45 Td (the ) Tj ET Q q 0 0 0 rg BT 525.03 681.45 Td (counterparties ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 45.19 670.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 83.36 670.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.04 670.65 Td (instrument ) Tj ET Q q 0 0 0 rg BT 157.73 670.65 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 194.65 670.65 Td (which ) Tj ET Q q 0 0 0 rg BT 218.84 670.65 Td (give ) Tj ET Q q 0 0 0 rg BT 236.52 670.65 Td (the ) Tj ET Q q 0 0 0 rg BT 249.71 670.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 286.90 670.65 Td (the ) Tj ET Q q 0 0 0 rg BT 300.08 670.65 Td (legal ) Tj ET Q q 0 0 0 rg BT 319.76 670.65 Td (right ) Tj ET Q q 0 0 0 rg BT 338.95 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 348.14 670.65 Td (dischar) Tj ET Q q 0 0 0 rg BT 373.97 670.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 384.66 670.65 Td (all ) Tj ET Q q 0 0 0 rg BT 395.84 670.65 Td (or ) Tj ET Q q 0 0 0 rg BT 405.53 670.65 Td (a ) Tj ET Q q 0 0 0 rg BT 411.72 670.65 Td (portion ) Tj ET Q q 0 0 0 rg BT 439.91 670.65 Td (of ) Tj ET Q q 0 0 0 rg BT 449.59 670.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 482.28 670.65 Td (owed ) Tj ET Q q 0 0 0 rg BT 503.97 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 513.16 670.65 Td (a ) Tj ET Q q 0 0 0 rg BT 519.34 670.65 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 567.01 670.65 Td (by ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 659.85 Td (of) Tj ET Q q 0 0 0 rg BT 43.33 659.85 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 72.58 659.85 Td (them ) Tj ET Q q 0 0 0 rg BT 92.83 659.85 Td (against ) Tj ET Q q 0 0 0 rg BT 120.57 659.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 153.32 659.85 Td (that ) Tj ET Q q 0 0 0 rg BT 169.06 659.85 Td (the ) Tj ET Q q 0 0 0 rg BT 182.31 659.85 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 230.04 659.85 Td (owes ) Tj ET Q q 0 0 0 rg BT 250.78 659.85 Td (to ) Tj ET Q q 0 0 0 rg BT 260.03 659.85 Td (the ) Tj ET Q q 0 0 0 rg BT 273.28 659.85 Td (Company) Tj ET Q q 0 0 0 rg BT 307.69 659.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 631.05 Td (Concentration of risk) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 52.22 617.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.45 617.25 Td (has ) Tj ET Q q 0 0 0 rg BT 103.67 617.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.38 617.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 162.86 617.25 Td (including ) Tj ET Q q 0 0 0 rg BT 199.08 617.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.30 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.52 617.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.74 617.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 296.21 617.25 Td (other ) Tj ET Q q 0 0 0 rg BT 316.93 617.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 359.63 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.85 617.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 401.56 617.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 439.77 617.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 480.50 617.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 519.70 617.25 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 554.51 617.25 Td (These ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 606.45 Td (other ) Tj ET Q q 0 0 0 rg BT 56.48 606.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 79.46 606.45 Td (expose ) Tj ET Q q 0 0 0 rg BT 106.44 606.45 Td (the ) Tj ET Q q 0 0 0 rg BT 119.42 606.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 156.40 606.45 Td (to ) Tj ET Q q 0 0 0 rg BT 165.39 606.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 187.86 606.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 203.34 606.45 Td (arising ) Tj ET Q q 0 0 0 rg BT 229.83 606.45 Td (from ) Tj ET Q q 0 0 0 rg BT 249.31 606.45 Td (possible ) Tj ET Q q 0 0 0 rg BT 280.79 606.45 Td (default ) Tj ET Q q 0 0 0 rg BT 307.76 606.45 Td (by ) Tj ET Q q 0 0 0 rg BT 318.75 606.45 Td (the ) Tj ET Q q 0 0 0 rg BT 331.73 606.45 Td (counterparty) Tj ET Q q 0 0 0 rg BT 376.62 606.45 Td (. ) Tj ET Q q 0 0 0 rg BT 380.72 606.45 Td (There ) Tj ET Q q 0 0 0 rg BT 403.69 606.45 Td (is ) Tj ET Q q 0 0 0 rg BT 411.67 606.45 Td (also ) Tj ET Q q 0 0 0 rg BT 428.16 606.45 Td (a ) Tj ET Q q 0 0 0 rg BT 434.14 606.45 Td (concentration ) Tj ET Q q 0 0 0 rg BT 485.10 606.45 Td (of ) Tj ET Q q 0 0 0 rg BT 494.58 606.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 517.05 606.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 532.54 606.45 Td (with ) Tj ET Q q 0 0 0 rg BT 550.52 606.45 Td (respect ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 595.65 Td (to ) Tj ET Q q 0 0 0 rg BT 45.58 595.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 64.14 595.65 Td (and ) Tj ET Q q 0 0 0 rg BT 79.72 595.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 98.28 595.65 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 141.85 595.65 Td (to ) Tj ET Q q 0 0 0 rg BT 151.42 595.65 Td (the ) Tj ET Q q 0 0 0 rg BT 165.00 595.65 Td (extent ) Tj ET Q q 0 0 0 rg BT 189.56 595.65 Td (that ) Tj ET Q q 0 0 0 rg BT 205.63 595.65 Td (most ) Tj ET Q q 0 0 0 rg BT 225.71 595.65 Td (of ) Tj ET Q q 0 0 0 rg BT 235.79 595.65 Td (the ) Tj ET Q q 0 0 0 rg BT 249.36 595.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 282.43 595.65 Td (are ) Tj ET Q q 0 0 0 rg BT 295.99 595.65 Td (carried ) Tj ET Q q 0 0 0 rg BT 323.55 595.65 Td (with ) Tj ET Q q 0 0 0 rg BT 342.13 595.65 Td (Swedbank ) Tj ET Q q 0 0 0 rg BT 381.63 595.65 Td (AB, ) Tj ET Q q 0 0 0 rg BT 398.96 595.65 Td (Danske ) Tj ET Q q 0 0 0 rg BT 428.52 595.65 Td (Bank ) Tj ET Q q 0 0 0 rg BT 449.53 595.65 Td (A/S, ) Tj ET Q q 0 0 0 rg BT 467.79 595.65 Td (ABN ) Tj ET Q q 0 0 0 rg BT 488.80 595.65 Td (Amro ) Tj ET Q q 0 0 0 rg BT 512.38 595.65 Td (and ) Tj ET Q q 0 0 0 rg BT 527.95 595.65 Td (Nordea ) Tj ET Q q 0 0 0 rg BT 557.01 595.65 Td (Bank ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 584.85 Td (Finland ) Tj ET Q q 0 0 0 rg BT 65.75 584.85 Td (Plc. ) Tj ET Q q 0 0 0 rg BT 81.59 584.85 Td (The ) Tj ET Q q 0 0 0 rg BT 97.83 584.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.08 584.85 Td (considers ) Tj ET Q q 0 0 0 rg BT 171.32 584.85 Td (these ) Tj ET Q q 0 0 0 rg BT 192.06 584.85 Td (risks ) Tj ET Q q 0 0 0 rg BT 211.32 584.85 Td (to ) Tj ET Q q 0 0 0 rg BT 220.57 584.85 Td (be ) Tj ET Q q 0 0 0 rg BT 231.31 584.85 Td (remote.) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 36.00 563.49 236.18 -8.18 re f /GS0 gs q 0 0 0 rg BT 36.00 557.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 73.24 557.25 Td (from ) Tj ET Q q 0 0 0 rg BT 92.98 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.23 557.25 Td (following ) Tj ET Q q 0 0 0 rg BT 143.48 557.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 182.22 557.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 220.95 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 233.69 557.25 Td (more ) Tj ET Q q 0 0 0 rg BT 254.43 557.25 Td (than ) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 272.18 563.49 16.50 -8.18 re f /GS0 gs q 0 0 0 rg BT 272.18 557.25 Td (10%) Tj ET Q BT /F1 9.00 Tf ET 1 1 1 rg /GS0 gs 288.68 563.49 150.71 -8.18 re f /GS0 gs q 0 0 0 rg BT 288.68 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.93 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.67 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.92 557.25 Td (Company) Tj ET Q q 0 0 0 rg BT 351.42 557.25 Td (s ) Tj ET Q q 0 0 0 rg BT 357.17 557.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 404.91 557.25 Td (revenues:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 501.75 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 501.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 501.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 501.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 473.75 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 473.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 473.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 473.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 445.75 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 445.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 445.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 445.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 417.75 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 417.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 417.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 417.75 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 358.5 529.75 m 428.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 529.75 m 432.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 529.75 m 502.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 529.75 m 506.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 529.75 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 354.5 515.75 m 358.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 529.75 m 428.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 515.75 m 428.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 515.75 m 432.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 529.75 m 502.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 515.75 m 502.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 515.75 m 506.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 529.75 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 506.5 515.75 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 36.5 515.75 m 354.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 515.75 m 358.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 515.75 m 428.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 515.75 m 432.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 515.75 m 502.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 515.75 m 506.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 515.75 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 36.5 417.75 m 354.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 417.75 m 358.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 417.75 m 428.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 417.75 m 432.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 417.75 m 502.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 417.75 m 506.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 417.75 m 358.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 417.75 m 428.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 417.75 m 432.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 417.75 m 502.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 417.75 m 506.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 417.75 m 576.5 417.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 534.20 Td (Contract revenue split by client:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.15 534.20 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 520.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 520.20 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 520.20 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 507.01 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 507.01 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 507.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 507.01 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 507.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 507.01 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 507.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 493.01 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 493.01 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 493.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 493.01 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 493.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 493.01 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 493.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 479.01 Td (Conoco Phillips) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 479.01 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 479.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 479.01 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 479.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 479.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 479.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 465.01 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 465.01 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 465.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 465.01 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 465.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 465.01 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 465.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 451.01 Td (Shell) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 451.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 451.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 451.01 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 451.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 451.01 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 451.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 437.01 Td (KMNG) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 437.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 437.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 436.21 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 436.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 436.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 436.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 423.01 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 423.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 423.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 423.01 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 423.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.50 422.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 422.21 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 409.15 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.50 409.15 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 409.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.50 409.15 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 409.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 409.15 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.00 409.15 Td (%) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 375.45 Td (Note 23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 375.45 Td ( Commitments and contingencies) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 347.85 Td (Pledged assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 334.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 334.05 Td (book ) Tj ET Q q 0 0 0 rg BT 72.49 334.05 Td (value ) Tj ET Q q 0 0 0 rg BT 94.23 334.05 Td (of ) Tj ET Q q 0 0 0 rg BT 103.98 334.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.23 334.05 Td (pledged ) Tj ET Q q 0 0 0 rg BT 157.97 334.05 Td (under ) Tj ET Q q 0 0 0 rg BT 180.71 334.05 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 220.45 334.05 Td (and ) Tj ET Q q 0 0 0 rg BT 235.69 334.05 Td (overdraft ) Tj ET Q q 0 0 0 rg BT 270.92 334.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 304.16 334.05 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.90 334.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 365.63 334.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.63 334.05 Td ( ) Tj ET Q q 0 0 0 rg BT 385.88 334.05 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.13 334.05 Td ($2,738 ) Tj ET Q q 0 0 0 rg BT 429.13 334.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.13 334.05 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 320.25 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 306.45 Td (Newbuilding Commitments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 292.65 Td (As ) Tj ET Q q 0 0 0 rg BT 48.94 292.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.37 292.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.78 292.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 130.78 292.65 Td (, ) Tj ET Q q 0 0 0 rg BT 135.97 292.65 Td (we ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.40 292.65 Td (no) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.40 292.65 Td ( ) Tj ET Q q 0 0 0 rg BT 161.34 292.65 Td (longer ) Tj ET Q q 0 0 0 rg BT 187.27 292.65 Td (had ) Tj ET Q q 0 0 0 rg BT 203.20 292.65 Td (any ) Tj ET Q q 0 0 0 rg BT 219.13 292.65 Td (contractual ) Tj ET Q q 0 0 0 rg BT 262.04 292.65 Td (commitments ) Tj ET Q q 0 0 0 rg BT 313.97 292.65 Td (under ) Tj ET Q q 0 0 0 rg BT 337.40 292.65 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 385.33 292.65 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 422.79 292.65 Td (The ) Tj ET Q q 0 0 0 rg BT 439.51 292.65 Td (W) Tj ET Q q 0 0 0 rg BT 447.28 292.65 Td (est ) Tj ET Q q 0 0 0 rg BT 460.22 292.65 Td (Rigel ) Tj ET Q q 0 0 0 rg BT 482.65 292.65 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 549.08 292.65 Td (rig ) Tj ET Q q 0 0 0 rg BT 562.01 292.65 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 281.85 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 79.23 281.85 Td (as ) Tj ET Q q 0 0 0 rg BT 88.98 281.85 Td (an ) Tj ET Q q 0 0 0 rg BT 99.72 281.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 119.47 281.85 Td (held ) Tj ET Q q 0 0 0 rg BT 137.21 281.85 Td (for ) Tj ET Q q 0 0 0 rg BT 149.95 281.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 166.20 281.85 Td (as ) Tj ET Q q 0 0 0 rg BT 175.94 281.85 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.69 281.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 237.41 281.85 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.41 281.85 Td ( ) Tj ET Q q 0 0 0 rg BT 257.66 281.85 Td (due ) Tj ET Q q 0 0 0 rg BT 272.91 281.85 Td (to ) Tj ET Q q 0 0 0 rg BT 282.16 281.85 Td (the ) Tj ET Q q 0 0 0 rg BT 295.40 281.85 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 346.13 281.85 Td (made ) Tj ET Q q 0 0 0 rg BT 367.87 281.85 Td (with ) Tj ET Q q 0 0 0 rg BT 386.12 281.85 Td (the ) Tj ET Q q 0 0 0 rg BT 399.37 281.85 Td (shipyard. ) Tj ET Q q 0 0 0 rg BT 434.86 281.85 Td (Refer ) Tj ET Q q 0 0 0 rg BT 457.10 281.85 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.35 281.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 486.09 281.85 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.09 281.85 Td ( ) Tj ET Q q 0 0 0 rg BT 497.34 281.85 Td (for ) Tj ET Q q 0 0 0 rg BT 510.09 281.85 Td (more ) Tj ET Q q 0 0 0 rg BT 530.83 281.85 Td (information) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 254.25 Td (Leased Premises Commitments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 240.45 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 240.45 Td (related ) Tj ET Q q 0 0 0 rg BT 78.97 240.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.21 240.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 135.45 240.45 Td (commitments ) Tj ET Q q 0 0 0 rg BT 186.69 240.45 Td (are ) Tj ET Q q 0 0 0 rg BT 199.93 240.45 Td (summarized ) Tj ET Q q 0 0 0 rg BT 246.16 240.45 Td (in ) Tj ET Q q 0 0 0 rg BT 255.41 240.45 Td (the ) Tj ET Q q 0 0 0 rg BT 268.66 240.45 Td (table ) Tj ET Q q 0 0 0 rg BT 288.40 240.45 Td (below: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 203.95 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 203.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 203.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 203.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 203.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 203.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 203.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 203.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 203.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 203.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 203.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 203.95 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 203.95000000000005 m 256.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 203.95000000000005 m 260.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 203.95000000000005 m 320.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 203.95000000000005 m 324.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 203.95000000000005 m 384.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 203.95000000000005 m 388.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 203.95000000000005 m 448.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 203.95000000000005 m 452.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 190.95000000000005 m 320.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 203.95000000000005 m 324.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 190.95000000000005 m 324.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 203.95000000000005 m 384.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 190.95000000000005 m 384.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 203.95000000000005 m 388.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 190.95000000000005 m 388.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 203.95000000000005 m 448.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 190.95000000000005 m 448.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 203.95000000000005 m 452.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 190.95000000000005 m 452.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 203.95000000000005 m 512.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 190.95000000000005 m 512.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 203.95000000000005 m 516.5 203.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 190.95000000000005 m 516.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 190.95000000000005 m 576.5 190.95000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.95 208.40 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 215.00 208.40 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 208.40 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.00 208.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 208.40 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.00 208.40 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.60 217.40 Td (2021 and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.90 208.40 Td (thereafter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 195.21 Td (Leased premises) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.35 195.21 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.35 195.21 Td (3.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.35 195.21 Td (3.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.35 195.21 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.35 195.21 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.35 195.21 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 163.85 Td (Guarantees ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 150.05 Td (The ) Tj ET Q q 0 0 0 rg BT 52.63 150.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.26 150.05 Td (has ) Tj ET Q q 0 0 0 rg BT 104.90 150.05 Td (not ) Tj ET Q q 0 0 0 rg BT 119.03 150.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 144.17 150.05 Td (any ) Tj ET Q q 0 0 0 rg BT 159.80 150.05 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 200.92 150.05 Td (in ) Tj ET Q q 0 0 0 rg BT 210.56 150.05 Td (favor ) Tj ET Q q 0 0 0 rg BT 232.18 150.05 Td (of ) Tj ET Q q 0 0 0 rg BT 242.31 150.05 Td (third ) Tj ET Q q 0 0 0 rg BT 261.95 150.05 Td (parties. ) Tj ET Q q 0 0 0 rg BT 290.83 150.05 Td ( ) Tj ET Q q 0 0 0 rg BT 293.46 150.05 Td (Refer ) Tj ET Q q 0 0 0 rg BT 316.09 150.05 Td (to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.09 150.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.72 150.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 345.85 150.05 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.85 150.05 Td ( ) Tj ET Q q 0 0 0 rg BT 357.49 150.05 Td ( ) Tj ET Q q 0 0 0 rg BT 364.63 150.05 Td (Related ) Tj ET Q q 0 0 0 rg BT 394.75 150.05 Td (party ) Tj ET Q q 0 0 0 rg BT 415.88 150.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 461.50 150.05 Td (for ) Tj ET Q q 0 0 0 rg BT 474.64 150.05 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 513.76 150.05 Td (of ) Tj ET Q q 0 0 0 rg BT 523.90 150.05 Td (the ) Tj ET Q q 0 0 0 rg BT 537.53 150.05 Td (guarantees ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 139.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 70.24 139.25 Td (by ) Tj ET Q q 0 0 0 rg BT 81.49 139.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 111.74 139.25 Td (on ) Tj ET Q q 0 0 0 rg BT 122.99 139.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 147.72 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.47 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.71 139.25 Td (Company) Tj ET Q q 0 0 0 rg BT 205.13 139.25 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 111.65 Td (Legal Proceedings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 97.85 Td (From ) Tj ET Q q 0 0 0 rg BT 57.98 97.85 Td (time ) Tj ET Q q 0 0 0 rg BT 76.46 97.85 Td (to ) Tj ET Q q 0 0 0 rg BT 85.95 97.85 Td (time ) Tj ET Q q 0 0 0 rg BT 104.42 97.85 Td (we ) Tj ET Q q 0 0 0 rg BT 117.40 97.85 Td (are ) Tj ET Q q 0 0 0 rg BT 130.87 97.85 Td (a ) Tj ET Q q 0 0 0 rg BT 137.34 97.85 Td (party) Tj ET Q q 0 0 0 rg BT 155.25 97.85 Td (, ) Tj ET Q q 0 0 0 rg BT 159.98 97.85 Td (as ) Tj ET Q q 0 0 0 rg BT 169.96 97.85 Td (plaintif) Tj ET Q q 0 0 0 rg BT 195.79 97.85 Td (f ) Tj ET Q q 0 0 0 rg BT 201.27 97.85 Td (or ) Tj ET Q q 0 0 0 rg BT 211.25 97.85 Td (defendant, ) Tj ET Q q 0 0 0 rg BT 251.47 97.85 Td (to ) Tj ET Q q 0 0 0 rg BT 260.95 97.85 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 292.93 97.85 Td (in ) Tj ET Q q 0 0 0 rg BT 302.41 97.85 Td (various ) Tj ET Q q 0 0 0 rg BT 331.39 97.85 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 378.37 97.85 Td (for ) Tj ET Q q 0 0 0 rg BT 391.35 97.85 Td (demurrage, ) Tj ET Q q 0 0 0 rg BT 434.56 97.85 Td (damages, ) Tj ET Q q 0 0 0 rg BT 470.78 97.85 Td (of) Tj ET Q q 0 0 0 rg BT 478.11 97.85 Td (f-hire ) Tj ET Q q 0 0 0 rg BT 500.58 97.85 Td (and ) Tj ET Q q 0 0 0 rg BT 516.05 97.85 Td (other ) Tj ET Q q 0 0 0 rg BT 537.03 97.85 Td (claims ) Tj ET Q q 0 0 0 rg BT 563.00 97.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 87.05 Td (commercial ) Tj ET Q q 0 0 0 rg BT 79.86 87.05 Td (disputes ) Tj ET Q q 0 0 0 rg BT 110.75 87.05 Td (arising ) Tj ET Q q 0 0 0 rg BT 136.63 87.05 Td (from ) Tj ET Q q 0 0 0 rg BT 155.51 87.05 Td (the ) Tj ET Q q 0 0 0 rg BT 167.89 87.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 213.76 87.05 Td (or ) Tj ET Q q 0 0 0 rg BT 222.65 87.05 Td (operation ) Tj ET Q q 0 0 0 rg BT 258.02 87.05 Td (of ) Tj ET Q q 0 0 0 rg BT 266.90 87.05 Td (our ) Tj ET Q q 0 0 0 rg BT 280.28 87.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.17 87.05 Td (units, ) Tj ET Q q 0 0 0 rg BT 329.31 87.05 Td (in ) Tj ET Q q 0 0 0 rg BT 337.69 87.05 Td (the ) Tj ET Q q 0 0 0 rg BT 350.07 87.05 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 381.95 87.05 Td (course ) Tj ET Q q 0 0 0 rg BT 406.82 87.05 Td (of ) Tj ET Q q 0 0 0 rg BT 415.70 87.05 Td (business ) Tj ET Q q 0 0 0 rg BT 447.59 87.05 Td (or ) Tj ET Q q 0 0 0 rg BT 456.47 87.05 Td (in ) Tj ET Q q 0 0 0 rg BT 464.86 87.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 505.73 87.05 Td (with ) Tj ET Q q 0 0 0 rg BT 523.12 87.05 Td (our ) Tj ET Q q 0 0 0 rg BT 536.50 87.05 Td (acquisition ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 45.65 76.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 77.30 76.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 114.18 76.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 136.82 76.25 Td (than ) Tj ET Q q 0 0 0 rg BT 154.47 76.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.11 76.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 199.76 76.25 Td (below) Tj ET Q q 0 0 0 rg BT 221.17 76.25 Td (, ) Tj ET Q q 0 0 0 rg BT 225.57 76.25 Td (we ) Tj ET Q q 0 0 0 rg BT 238.21 76.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 266.34 76.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.99 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.13 76.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 333.28 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.92 76.25 Td (such ) Tj ET Q q 0 0 0 rg BT 361.57 76.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 387.21 76.25 Td (will ) Tj ET Q q 0 0 0 rg BT 403.36 76.25 Td (not ) Tj ET Q q 0 0 0 rg BT 417.01 76.25 Td (have ) Tj ET Q q 0 0 0 rg BT 436.15 76.25 Td (a ) Tj ET Q q 0 0 0 rg BT 442.29 76.25 Td (material ) Tj ET Q q 0 0 0 rg BT 473.92 76.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 500.56 76.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 546.21 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 555.86 76.25 Td (in ) Tj ET Q q 0 0 0 rg BT 565.00 76.25 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 65.45 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 72.71 65.45 Td (on ) Tj ET Q q 0 0 0 rg BT 83.45 65.45 Td (our ) Tj ET Q q 0 0 0 rg BT 97.18 65.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 136.41 65.45 Td (or ) Tj ET Q q 0 0 0 rg BT 145.64 65.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.86 65.45 Td (condition. ) Tj ET Q q 0 0 0 rg BT 216.84 65.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 232.57 65.45 Td (best ) Tj ET Q q 0 0 0 rg BT 248.81 65.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 280.53 65.45 Td (of ) Tj ET Q q 0 0 0 rg BT 289.76 65.45 Td (the ) Tj ET Q q 0 0 0 rg BT 302.49 65.45 Td (outcome ) Tj ET Q q 0 0 0 rg BT 335.22 65.45 Td (of ) Tj ET Q q 0 0 0 rg BT 344.45 65.45 Td (the ) Tj ET Q q 0 0 0 rg BT 357.18 65.45 Td (various ) Tj ET Q q 0 0 0 rg BT 385.41 65.45 Td (disputes ) Tj ET Q q 0 0 0 rg BT 416.65 65.45 Td (has ) Tj ET Q q 0 0 0 rg BT 430.38 65.45 Td (been ) Tj ET Q q 0 0 0 rg BT 449.11 65.45 Td (reflected ) Tj ET Q q 0 0 0 rg BT 482.32 65.45 Td (in ) Tj ET Q q 0 0 0 rg BT 491.05 65.45 Td (our ) Tj ET Q q 0 0 0 rg BT 504.79 65.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 538.00 65.45 Td (statements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 54.65 Td (as ) Tj ET Q q 0 0 0 rg BT 45.75 54.65 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.49 54.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.22 54.65 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.22 54.65 Td (.) Tj ET Q endstream endobj 223 0 obj <> endobj 224 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.96 749.80 Td (December ) Tj ET Q q 0 0 0 rg BT 85.41 749.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 108.12 749.80 Td (a ) Tj ET Q q 0 0 0 rg BT 114.58 749.80 Td (purported ) Tj ET Q q 0 0 0 rg BT 152.04 749.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 196.49 749.80 Td (class ) Tj ET Q q 0 0 0 rg BT 216.45 749.80 Td (action ) Tj ET Q q 0 0 0 rg BT 240.90 749.80 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 271.62 749.80 Td (Fuchs ) Tj ET Q q 0 0 0 rg BT 295.59 749.80 Td (et ) Tj ET Q q 0 0 0 rg BT 304.55 749.80 Td (al. ) Tj ET Q q 0 0 0 rg BT 315.76 749.80 Td (v) Tj ET Q q 0 0 0 rg BT 319.67 749.80 Td (. ) Tj ET Q q 0 0 0 rg BT 324.39 749.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 354.85 749.80 Td (Limited ) Tj ET Q q 0 0 0 rg BT 385.81 749.80 Td (et ) Tj ET Q q 0 0 0 rg BT 394.77 749.80 Td (al., ) Tj ET Q q 0 0 0 rg BT 408.23 749.80 Td (No. ) Tj ET Q q 0 0 0 rg BT 423.95 749.80 Td (14-cv-9642 ) Tj ET Q q 0 0 0 rg BT 467.90 749.80 Td (\(LGS\)\(KNF\), ) Tj ET Q q 0 0 0 rg BT 519.62 749.80 Td (was ) Tj ET Q q 0 0 0 rg BT 536.08 749.80 Td (filed ) Tj ET Q q 0 0 0 rg BT 555.04 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 564.50 749.80 Td (US ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 739.00 Td (Federal ) Tj ET Q q 0 0 0 rg BT 65.56 739.00 Td (District ) Tj ET Q q 0 0 0 rg BT 95.13 739.00 Td (Court ) Tj ET Q q 0 0 0 rg BT 118.21 739.00 Td (in ) Tj ET Q q 0 0 0 rg BT 127.79 739.00 Td (the ) Tj ET Q q 0 0 0 rg BT 141.36 739.00 Td (Southern ) Tj ET Q q 0 0 0 rg BT 176.43 739.00 Td (District ) Tj ET Q q 0 0 0 rg BT 206.00 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 216.08 739.00 Td (New ) Tj ET Q q 0 0 0 rg BT 235.27 739.00 Td (Y) Tj ET Q q 0 0 0 rg BT 240.86 739.00 Td (ork, ) Tj ET Q q 0 0 0 rg BT 257.69 739.00 Td (alleging, ) Tj ET Q q 0 0 0 rg BT 291.50 739.00 Td (among ) Tj ET Q q 0 0 0 rg BT 318.58 739.00 Td (other ) Tj ET Q q 0 0 0 rg BT 339.64 739.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 366.47 739.00 Td (that ) Tj ET Q q 0 0 0 rg BT 382.55 739.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 413.11 739.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.69 739.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 455.74 739.00 Td (of ) Tj ET Q q 0 0 0 rg BT 465.82 739.00 Td (its ) Tj ET Q q 0 0 0 rg BT 476.90 739.00 Td (executives ) Tj ET Q q 0 0 0 rg BT 517.45 739.00 Td (made ) Tj ET Q q 0 0 0 rg BT 539.52 739.00 Td (materially ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 728.20 Td (false ) Tj ET Q q 0 0 0 rg BT 55.68 728.20 Td (and ) Tj ET Q q 0 0 0 rg BT 71.37 728.20 Td (misleading ) Tj ET Q q 0 0 0 rg BT 113.56 728.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 154.25 728.20 Td (in ) Tj ET Q q 0 0 0 rg BT 163.94 728.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 206.12 728.20 Td (with ) Tj ET Q q 0 0 0 rg BT 224.82 728.20 Td (the ) Tj ET Q q 0 0 0 rg BT 238.51 728.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 272.19 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 282.38 728.20 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 322.33 728.20 Td (In ) Tj ET Q q 0 0 0 rg BT 332.52 728.20 Td (January ) Tj ET Q q 0 0 0 rg BT 363.20 728.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 386.15 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 392.84 728.20 Td (second ) Tj ET Q q 0 0 0 rg BT 420.52 728.20 Td (purported ) Tj ET Q q 0 0 0 rg BT 458.21 728.20 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 502.88 728.20 Td (class ) Tj ET Q q 0 0 0 rg BT 523.07 728.20 Td (action ) Tj ET Q q 0 0 0 rg BT 547.76 728.20 Td (lawsuit, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 717.40 Td (Heron ) Tj ET Q q 0 0 0 rg BT 59.89 717.40 Td (v) Tj ET Q q 0 0 0 rg BT 63.80 717.40 Td (. ) Tj ET Q q 0 0 0 rg BT 67.45 717.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 96.84 717.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 126.73 717.40 Td (et ) Tj ET Q q 0 0 0 rg BT 134.62 717.40 Td (al., ) Tj ET Q q 0 0 0 rg BT 147.01 717.40 Td (No. ) Tj ET Q q 0 0 0 rg BT 161.65 717.40 Td (15-cv-0429 ) Tj ET Q q 0 0 0 rg BT 204.54 717.40 Td (\(LGS\)\(KNF\), ) Tj ET Q q 0 0 0 rg BT 255.18 717.40 Td (was ) Tj ET Q q 0 0 0 rg BT 270.57 717.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 288.46 717.40 Td (in ) Tj ET Q q 0 0 0 rg BT 296.85 717.40 Td (the ) Tj ET Q q 0 0 0 rg BT 309.24 717.40 Td (same ) Tj ET Q q 0 0 0 rg BT 329.13 717.40 Td (court ) Tj ET Q q 0 0 0 rg BT 349.02 717.40 Td (on ) Tj ET Q q 0 0 0 rg BT 359.42 717.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 385.81 717.40 Td (grounds. ) Tj ET Q q 0 0 0 rg BT 418.45 717.40 Td (In ) Tj ET Q q 0 0 0 rg BT 427.34 717.40 Td (March ) Tj ET Q q 0 0 0 rg BT 452.23 717.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 473.87 717.40 Td (a ) Tj ET Q q 0 0 0 rg BT 479.26 717.40 Td (third ) Tj ET Q q 0 0 0 rg BT 497.66 717.40 Td (purported ) Tj ET Q q 0 0 0 rg BT 534.04 717.40 Td (shareholder ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 706.60 Td (class ) Tj ET Q q 0 0 0 rg BT 55.64 706.60 Td (action ) Tj ET Q q 0 0 0 rg BT 79.77 706.60 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 110.16 706.60 Td (Glow ) Tj ET Q q 0 0 0 rg BT 132.31 706.60 Td (v) Tj ET Q q 0 0 0 rg BT 136.22 706.60 Td (. ) Tj ET Q q 0 0 0 rg BT 140.62 706.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 170.75 706.60 Td (Limited ) Tj ET Q q 0 0 0 rg BT 201.39 706.60 Td (et ) Tj ET Q q 0 0 0 rg BT 210.03 706.60 Td (al., ) Tj ET Q q 0 0 0 rg BT 223.17 706.60 Td (No. ) Tj ET Q q 0 0 0 rg BT 238.56 706.60 Td (15-cv-1770 ) Tj ET Q q 0 0 0 rg BT 282.19 706.60 Td (\(LGS\)\(KNF\), ) Tj ET Q q 0 0 0 rg BT 333.58 706.60 Td (was ) Tj ET Q q 0 0 0 rg BT 349.72 706.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 368.36 706.60 Td (in ) Tj ET Q q 0 0 0 rg BT 377.50 706.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.64 706.60 Td (same ) Tj ET Q q 0 0 0 rg BT 411.28 706.60 Td (court ) Tj ET Q q 0 0 0 rg BT 431.91 706.60 Td (on ) Tj ET Q q 0 0 0 rg BT 443.06 706.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 470.20 706.60 Td (grounds. ) Tj ET Q q 0 0 0 rg BT 503.59 706.60 Td (On ) Tj ET Q q 0 0 0 rg BT 516.73 706.60 Td (March ) Tj ET Q q 0 0 0 rg BT 542.36 706.60 Td (24, ) Tj ET Q q 0 0 0 rg BT 555.76 706.60 Td (2015, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 49.51 695.80 Td (court ) Tj ET Q q 0 0 0 rg BT 70.52 695.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.52 695.80 Td (these ) Tj ET Q q 0 0 0 rg BT 139.53 695.80 Td (complaints ) Tj ET Q q 0 0 0 rg BT 181.53 695.80 Td (into ) Tj ET Q q 0 0 0 rg BT 198.05 695.80 Td (a ) Tj ET Q q 0 0 0 rg BT 204.56 695.80 Td (single ) Tj ET Q q 0 0 0 rg BT 228.57 695.80 Td (action. ) Tj ET Q q 0 0 0 rg BT 255.33 695.80 Td (On ) Tj ET Q q 0 0 0 rg BT 268.84 695.80 Td (June ) Tj ET Q q 0 0 0 rg BT 287.85 695.80 Td (23, ) Tj ET Q q 0 0 0 rg BT 301.62 695.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 322.13 695.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.64 695.80 Td (court ) Tj ET Q q 0 0 0 rg BT 356.65 695.80 Td (appointed ) Tj ET Q q 0 0 0 rg BT 394.65 695.80 Td (co-lead ) Tj ET Q q 0 0 0 rg BT 423.65 695.80 Td (plaintif) Tj ET Q q 0 0 0 rg BT 449.48 695.80 Td (fs ) Tj ET Q q 0 0 0 rg BT 458.49 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 474.00 695.80 Td (co-lead ) Tj ET Q q 0 0 0 rg BT 503.00 695.80 Td (counsel ) Tj ET Q q 0 0 0 rg BT 533.01 695.80 Td (and ) Tj ET Q q 0 0 0 rg BT 548.52 695.80 Td (ordered ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 685.00 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 685.00 Td (co-lead ) Tj ET Q q 0 0 0 rg BT 77.98 685.00 Td (plaintif) Tj ET Q q 0 0 0 rg BT 103.81 685.00 Td (fs ) Tj ET Q q 0 0 0 rg BT 112.56 685.00 Td (to ) Tj ET Q q 0 0 0 rg BT 121.81 685.00 Td (file ) Tj ET Q q 0 0 0 rg BT 136.05 685.00 Td (a ) Tj ET Q q 0 0 0 rg BT 142.29 685.00 Td (single ) Tj ET Q q 0 0 0 rg BT 166.04 685.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 213.78 685.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 248.52 685.00 Td (by ) Tj ET Q q 0 0 0 rg BT 259.77 685.00 Td (complaint ) Tj ET Q q 0 0 0 rg BT 298.01 685.00 Td (by ) Tj ET Q q 0 0 0 rg BT 309.26 685.00 Td (July ) Tj ET Q q 0 0 0 rg BT 326.51 685.00 Td (23, ) Tj ET Q q 0 0 0 rg BT 340.01 685.00 Td (2015. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (The ) Tj ET Q q 0 0 0 rg BT 51.67 657.40 Td (amended ) Tj ET Q q 0 0 0 rg BT 85.83 657.40 Td (complaint ) Tj ET Q q 0 0 0 rg BT 123.50 657.40 Td (was ) Tj ET Q q 0 0 0 rg BT 139.18 657.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 157.35 657.40 Td (on ) Tj ET Q q 0 0 0 rg BT 168.02 657.40 Td (July ) Tj ET Q q 0 0 0 rg BT 184.70 657.40 Td (23, ) Tj ET Q q 0 0 0 rg BT 197.63 657.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 217.31 657.40 Td (including ) Tj ET Q q 0 0 0 rg BT 252.98 657.40 Td (North ) Tj ET Q q 0 0 0 rg BT 275.29 657.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 305.96 657.40 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 336.13 657.40 Td (as ) Tj ET Q q 0 0 0 rg BT 345.31 657.40 Td (a ) Tj ET Q q 0 0 0 rg BT 350.98 657.40 Td (defendant. ) Tj ET Q q 0 0 0 rg BT 390.39 657.40 Td ( ) Tj ET Q q 0 0 0 rg BT 392.07 657.40 Td (It ) Tj ET Q q 0 0 0 rg BT 399.24 657.40 Td (alleges, ) Tj ET Q q 0 0 0 rg BT 428.16 657.40 Td (among ) Tj ET Q q 0 0 0 rg BT 454.33 657.40 Td (other ) Tj ET Q q 0 0 0 rg BT 474.50 657.40 Td (things, ) Tj ET Q q 0 0 0 rg BT 500.43 657.40 Td (that ) Tj ET Q q 0 0 0 rg BT 515.60 657.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 545.27 657.40 Td (Limited, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 646.60 Td (North ) Tj ET Q q 0 0 0 rg BT 58.16 646.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 88.64 646.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 118.62 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.11 646.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 159.08 646.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.06 646.60 Td (our ) Tj ET Q q 0 0 0 rg BT 181.55 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 196.03 646.60 Td (its ) Tj ET Q q 0 0 0 rg BT 206.03 646.60 Td (executives ) Tj ET Q q 0 0 0 rg BT 245.50 646.60 Td (made ) Tj ET Q q 0 0 0 rg BT 266.47 646.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 304.45 646.60 Td (false ) Tj ET Q q 0 0 0 rg BT 322.92 646.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.41 646.60 Td (misleading ) Tj ET Q q 0 0 0 rg BT 378.39 646.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 417.87 646.60 Td (in ) Tj ET Q q 0 0 0 rg BT 426.36 646.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 467.33 646.60 Td (with ) Tj ET Q q 0 0 0 rg BT 484.82 646.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 646.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 529.79 646.60 Td (of ) Tj ET Q q 0 0 0 rg BT 538.77 646.60 Td (dividends, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 48.89 635.80 Td (failure ) Tj ET Q q 0 0 0 rg BT 74.27 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 83.17 635.80 Td (disclose ) Tj ET Q q 0 0 0 rg BT 114.06 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 126.95 635.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 145.84 635.80 Td (to ) Tj ET Q q 0 0 0 rg BT 154.74 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.63 635.80 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 197.52 635.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 238.90 635.80 Td (as ) Tj ET Q q 0 0 0 rg BT 248.29 635.80 Td (a ) Tj ET Q q 0 0 0 rg BT 254.18 635.80 Td (result ) Tj ET Q q 0 0 0 rg BT 276.07 635.80 Td (of ) Tj ET Q q 0 0 0 rg BT 285.46 635.80 Td (various ) Tj ET Q q 0 0 0 rg BT 313.85 635.80 Td (enacted ) Tj ET Q q 0 0 0 rg BT 343.23 635.80 Td (government ) Tj ET Q q 0 0 0 rg BT 388.11 635.80 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 423.50 635.80 Td (and ) Tj ET Q q 0 0 0 rg BT 438.39 635.80 Td (the ) Tj ET Q q 0 0 0 rg BT 451.28 635.80 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 486.17 635.80 Td (in ) Tj ET Q q 0 0 0 rg BT 495.07 635.80 Td (backlog ) Tj ET Q q 0 0 0 rg BT 525.45 635.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.85 635.80 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 552.49 635.80 Td (billion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 575.99 635.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 625.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 79.23 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 88.48 625.00 Td (the ) Tj ET Q q 0 0 0 rg BT 101.73 625.00 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 131.98 625.00 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 175.96 625.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 597.40 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 79.08 597.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 97.68 597.40 Td (their ) Tj ET Q q 0 0 0 rg BT 116.27 597.40 Td (Motion ) Tj ET Q q 0 0 0 rg BT 144.87 597.40 Td (to ) Tj ET Q q 0 0 0 rg BT 153.97 597.40 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 185.08 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 198.17 597.40 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 238.27 597.40 Td (on ) Tj ET Q q 0 0 0 rg BT 249.37 597.40 Td (October ) Tj ET Q q 0 0 0 rg BT 280.46 597.40 Td (13, ) Tj ET Q q 0 0 0 rg BT 293.81 597.40 Td (2015. ) Tj ET Q q 0 0 0 rg BT 316.01 597.40 Td (The ) Tj ET Q q 0 0 0 rg BT 332.10 597.40 Td (plaintif) Tj ET Q q 0 0 0 rg BT 357.93 597.40 Td (fs, ) Tj ET Q q 0 0 0 rg BT 368.78 597.40 Td (in ) Tj ET Q q 0 0 0 rg BT 377.88 597.40 Td (turn, ) Tj ET Q q 0 0 0 rg BT 396.72 597.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 415.32 597.40 Td (their ) Tj ET Q q 0 0 0 rg BT 433.91 597.40 Td (Opposition ) Tj ET Q q 0 0 0 rg BT 476.01 597.40 Td (to ) Tj ET Q q 0 0 0 rg BT 485.11 597.40 Td (the ) Tj ET Q q 0 0 0 rg BT 498.21 597.40 Td (Motion ) Tj ET Q q 0 0 0 rg BT 526.81 597.40 Td (to ) Tj ET Q q 0 0 0 rg BT 535.91 597.40 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 567.02 597.40 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 586.60 Td (November ) Tj ET Q q 0 0 0 rg BT 75.86 586.60 Td (12, ) Tj ET Q q 0 0 0 rg BT 88.99 586.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 108.87 586.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.74 586.60 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 166.60 586.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 184.97 586.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.84 586.60 Td (Reply ) Tj ET Q q 0 0 0 rg BT 221.22 586.60 Td (Brief ) Tj ET Q q 0 0 0 rg BT 241.59 586.60 Td (on ) Tj ET Q q 0 0 0 rg BT 252.47 586.60 Td (December ) Tj ET Q q 0 0 0 rg BT 291.32 586.60 Td (4, ) Tj ET Q q 0 0 0 rg BT 299.95 586.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 322.07 586.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.54 586.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 359.42 586.60 Td (we ) Tj ET Q q 0 0 0 rg BT 371.79 586.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 396.16 586.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.04 586.60 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 445.42 586.60 Td (defend ) Tj ET Q q 0 0 0 rg BT 471.78 586.60 Td (this ) Tj ET Q q 0 0 0 rg BT 486.66 586.60 Td (action, ) Tj ET Q q 0 0 0 rg BT 512.78 586.60 Td (we ) Tj ET Q q 0 0 0 rg BT 525.15 586.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 551.02 586.60 Td (predict ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 575.80 Td (the ) Tj ET Q q 0 0 0 rg BT 48.44 575.80 Td (outcome ) Tj ET Q q 0 0 0 rg BT 80.88 575.80 Td (of ) Tj ET Q q 0 0 0 rg BT 89.82 575.80 Td (this ) Tj ET Q q 0 0 0 rg BT 104.27 575.80 Td (case, ) Tj ET Q q 0 0 0 rg BT 123.45 575.80 Td (nor ) Tj ET Q q 0 0 0 rg BT 136.89 575.80 Td (can ) Tj ET Q q 0 0 0 rg BT 150.82 575.80 Td (we ) Tj ET Q q 0 0 0 rg BT 162.76 575.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 194.19 575.80 Td (the ) Tj ET Q q 0 0 0 rg BT 206.63 575.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 235.07 575.80 Td (of ) Tj ET Q q 0 0 0 rg BT 244.02 575.80 Td (any ) Tj ET Q q 0 0 0 rg BT 258.46 575.80 Td (possible ) Tj ET Q q 0 0 0 rg BT 289.40 575.80 Td (loss. ) Tj ET Q q 0 0 0 rg BT 306.78 575.80 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 351.19 575.80 Td (, ) Tj ET Q q 0 0 0 rg BT 354.88 575.80 Td (no ) Tj ET Q q 0 0 0 rg BT 365.32 575.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 380.77 575.80 Td (contingency ) Tj ET Q q 0 0 0 rg BT 426.20 575.80 Td (has ) Tj ET Q q 0 0 0 rg BT 439.65 575.80 Td (been ) Tj ET Q q 0 0 0 rg BT 458.08 575.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 499.00 575.80 Td (within ) Tj ET Q q 0 0 0 rg BT 523.45 575.80 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 575.80 Td (Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 565.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.73 565.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 112.22 565.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 537.40 Td (In ) Tj ET Q q 0 0 0 rg BT 45.40 537.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.05 537.40 Td (the ) Tj ET Q q 0 0 0 rg BT 91.94 537.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.84 537.40 Td (has ) Tj ET Q q 0 0 0 rg BT 142.74 537.40 Td (received ) Tj ET Q q 0 0 0 rg BT 175.12 537.40 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 211.52 537.40 Td (requests ) Tj ET Q q 0 0 0 rg BT 242.91 537.40 Td (for ) Tj ET Q q 0 0 0 rg BT 255.30 537.40 Td (information ) Tj ET Q q 0 0 0 rg BT 299.70 537.40 Td (from ) Tj ET Q q 0 0 0 rg BT 319.09 537.40 Td (the ) Tj ET Q q 0 0 0 rg BT 331.99 537.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 349.90 537.40 Td (Securities ) Tj ET Q q 0 0 0 rg BT 387.29 537.40 Td (and ) Tj ET Q q 0 0 0 rg BT 402.19 537.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 439.57 537.40 Td (Commission ) Tj ET Q q 0 0 0 rg BT 486.98 537.40 Td (concerning, ) Tj ET Q q 0 0 0 rg BT 531.11 537.40 Td (among ) Tj ET Q q 0 0 0 rg BT 557.51 537.40 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 526.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 62.50 526.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 102.74 526.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.99 526.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 153.73 526.60 Td (with ) Tj ET Q q 0 0 0 rg BT 171.98 526.60 Td (its ) Tj ET Q q 0 0 0 rg BT 182.73 526.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 215.97 526.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.72 526.60 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 265.22 526.60 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 300.47 526.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.21 526.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 344.95 526.60 Td (in ) Tj ET Q q 0 0 0 rg BT 354.20 526.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.44 526.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 409.82 526.60 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 442.81 526.60 Td (and ) Tj ET Q q 0 0 0 rg BT 458.05 526.60 Td (its ) Tj ET Q q 0 0 0 rg BT 468.80 526.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 503.54 526.60 Td (with ) Tj ET Q q 0 0 0 rg BT 521.79 526.60 Td (Rosneft.) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 36 497.80029296875 m 87.24462890625 497.80029296875 l s q 0 0 0 rg BT 36.00 499.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 59.25 499.00 Td (Matters) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 485.20 Td (North ) Tj ET Q q 0 0 0 rg BT 58.72 485.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 89.92 485.20 Td (Drilling, ) Tj ET Q q 0 0 0 rg BT 122.89 485.20 Td (and ) Tj ET Q q 0 0 0 rg BT 138.09 485.20 Td (all ) Tj ET Q q 0 0 0 rg BT 149.30 485.20 Td (other ) Tj ET Q q 0 0 0 rg BT 170.01 485.20 Td (of) Tj ET Q q 0 0 0 rg BT 177.34 485.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 202.05 485.20 Td (contractors ) Tj ET Q q 0 0 0 rg BT 244.24 485.20 Td (that ) Tj ET Q q 0 0 0 rg BT 259.95 485.20 Td (are ) Tj ET Q q 0 0 0 rg BT 273.15 485.20 Td (members ) Tj ET Q q 0 0 0 rg BT 308.35 485.20 Td (of ) Tj ET Q q 0 0 0 rg BT 318.06 485.20 Td (the ) Tj ET Q q 0 0 0 rg BT 331.27 485.20 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 373.47 485.20 Td (Shipowners) Tj ET Q q 0 0 0 rg BT 418.30 485.20 Td ( ) Tj ET Q q 0 0 0 rg BT 420.02 485.20 Td (Association, ) Tj ET Q q 0 0 0 rg BT 466.98 485.20 Td (lost ) Tj ET Q q 0 0 0 rg BT 482.19 485.20 Td (a ) Tj ET Q q 0 0 0 rg BT 488.40 485.20 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 530.60 485.20 Td (court ) Tj ET Q q 0 0 0 rg BT 551.31 485.20 Td (case ) Tj ET Q q 0 0 0 rg BT 569.00 485.20 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 474.40 Td (July ) Tj ET Q q 0 0 0 rg BT 52.95 474.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.89 474.40 Td (concerning ) Tj ET Q q 0 0 0 rg BT 114.82 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 127.76 474.40 Td (pension ) Tj ET Q q 0 0 0 rg BT 157.71 474.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 180.15 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 189.60 474.40 Td (night ) Tj ET Q q 0 0 0 rg BT 210.04 474.40 Td (shift ) Tj ET Q q 0 0 0 rg BT 227.99 474.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 279.92 474.40 Td (for ) Tj ET Q q 0 0 0 rg BT 292.36 474.40 Td (of) Tj ET Q q 0 0 0 rg BT 299.70 474.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 324.13 474.40 Td (workers. ) Tj ET Q q 0 0 0 rg BT 357.32 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 359.13 474.40 Td (The ) Tj ET Q q 0 0 0 rg BT 375.06 474.40 Td (case ) Tj ET Q q 0 0 0 rg BT 392.50 474.40 Td (has ) Tj ET Q q 0 0 0 rg BT 406.44 474.40 Td (been ) Tj ET Q q 0 0 0 rg BT 425.37 474.40 Td (appealed ) Tj ET Q q 0 0 0 rg BT 459.30 474.40 Td (to ) Tj ET Q q 0 0 0 rg BT 468.24 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.19 474.40 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 515.12 474.40 Td (Court ) Tj ET Q q 0 0 0 rg BT 537.57 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 547.01 474.40 Td (Norway ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 463.60 Td (by ) Tj ET Q q 0 0 0 rg BT 46.99 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 59.98 463.60 Td (members ) Tj ET Q q 0 0 0 rg BT 94.96 463.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.45 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.44 463.60 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 159.41 463.60 Td (Shipowners) Tj ET Q q 0 0 0 rg BT 204.24 463.60 Td ( ) Tj ET Q q 0 0 0 rg BT 205.79 463.60 Td (Association, ) Tj ET Q q 0 0 0 rg BT 252.53 463.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.52 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.50 463.60 Td (hearings ) Tj ET Q q 0 0 0 rg BT 312.98 463.60 Td (are ) Tj ET Q q 0 0 0 rg BT 325.96 463.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.93 463.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.93 463.60 Td (be ) Tj ET Q q 0 0 0 rg BT 379.41 463.60 Td (held ) Tj ET Q q 0 0 0 rg BT 396.90 463.60 Td (in ) Tj ET Q q 0 0 0 rg BT 405.89 463.60 Td (June ) Tj ET Q q 0 0 0 rg BT 424.38 463.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 446.62 463.60 Td ( ) Tj ET Q q 0 0 0 rg BT 448.61 463.60 Td (Due ) Tj ET Q q 0 0 0 rg BT 465.60 463.60 Td (to ) Tj ET Q q 0 0 0 rg BT 474.59 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.58 463.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 530.05 463.60 Td (of ) Tj ET Q q 0 0 0 rg BT 539.54 463.60 Td (the ) Tj ET Q q 0 0 0 rg BT 552.53 463.60 Td (appeal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 452.80 Td (we ) Tj ET Q q 0 0 0 rg BT 48.56 452.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 74.61 452.80 Td (predict ) Tj ET Q q 0 0 0 rg BT 101.65 452.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 452.80 Td (outcome ) Tj ET Q q 0 0 0 rg BT 147.76 452.80 Td (of ) Tj ET Q q 0 0 0 rg BT 157.32 452.80 Td (this ) Tj ET Q q 0 0 0 rg BT 172.38 452.80 Td (case, ) Tj ET Q q 0 0 0 rg BT 192.18 452.80 Td (nor ) Tj ET Q q 0 0 0 rg BT 206.24 452.80 Td (can ) Tj ET Q q 0 0 0 rg BT 220.79 452.80 Td (we ) Tj ET Q q 0 0 0 rg BT 233.35 452.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 265.39 452.80 Td (the ) Tj ET Q q 0 0 0 rg BT 278.45 452.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 307.51 452.80 Td (of ) Tj ET Q q 0 0 0 rg BT 317.07 452.80 Td (any ) Tj ET Q q 0 0 0 rg BT 332.12 452.80 Td (possible ) Tj ET Q q 0 0 0 rg BT 363.68 452.80 Td (loss. ) Tj ET Q q 0 0 0 rg BT 381.54 452.80 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 425.95 452.80 Td (, ) Tj ET Q q 0 0 0 rg BT 430.26 452.80 Td (no ) Tj ET Q q 0 0 0 rg BT 441.32 452.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 457.38 452.80 Td (contingency ) Tj ET Q q 0 0 0 rg BT 503.43 452.80 Td (has ) Tj ET Q q 0 0 0 rg BT 517.49 452.80 Td (been ) Tj ET Q q 0 0 0 rg BT 536.54 452.80 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 442.00 Td (within ) Tj ET Q q 0 0 0 rg BT 61.25 442.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 442.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 116.87 442.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.60 442.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 190.84 442.00 Td (as ) Tj ET Q q 0 0 0 rg BT 200.59 442.00 Td (at ) Tj ET Q q 0 0 0 rg BT 209.33 442.00 Td (December ) Tj ET Q q 0 0 0 rg BT 248.56 442.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 262.06 442.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 284.56 442.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 414.40 Td (In ) Tj ET Q q 0 0 0 rg BT 46.31 414.40 Td (February ) Tj ET Q q 0 0 0 rg BT 81.61 414.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 102.42 414.40 Td (the ) Tj ET Q q 0 0 0 rg BT 116.22 414.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.03 414.40 Td (was ) Tj ET Q q 0 0 0 rg BT 170.84 414.40 Td (notified ) Tj ET Q q 0 0 0 rg BT 201.64 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 211.95 414.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 247.75 414.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 274.05 414.40 Td (that ) Tj ET Q q 0 0 0 rg BT 290.36 414.40 Td (are ) Tj ET Q q 0 0 0 rg BT 304.16 414.40 Td (potentially ) Tj ET Q q 0 0 0 rg BT 345.46 414.40 Td (material ) Tj ET Q q 0 0 0 rg BT 377.75 414.40 Td (to ) Tj ET Q q 0 0 0 rg BT 387.56 414.40 Td (our ) Tj ET Q q 0 0 0 rg BT 402.37 414.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.66 414.40 Td (statements. ) Tj ET Q q 0 0 0 rg BT 479.10 414.40 Td (After ) Tj ET Q q 0 0 0 rg BT 500.89 414.40 Td (an ) Tj ET Q q 0 0 0 rg BT 512.20 414.40 Td (initial ) Tj ET Q q 0 0 0 rg BT 536.01 414.40 Td (assessment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 403.60 Td (including ) Tj ET Q q 0 0 0 rg BT 72.16 403.60 Td (advice ) Tj ET Q q 0 0 0 rg BT 97.81 403.60 Td (from ) Tj ET Q q 0 0 0 rg BT 117.47 403.60 Td (external ) Tj ET Q q 0 0 0 rg BT 148.62 403.60 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 180.53 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.69 403.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.86 403.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 250.02 403.60 Td (refutes ) Tj ET Q q 0 0 0 rg BT 276.68 403.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.84 403.60 Td (validity ) Tj ET Q q 0 0 0 rg BT 319.50 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.16 403.60 Td (these ) Tj ET Q q 0 0 0 rg BT 349.82 403.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 375.48 403.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.64 403.60 Td (will ) Tj ET Q q 0 0 0 rg BT 406.81 403.60 Td (take ) Tj ET Q q 0 0 0 rg BT 423.97 403.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 467.11 403.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 494.77 403.60 Td (related ) Tj ET Q q 0 0 0 rg BT 521.42 403.60 Td (to ) Tj ET Q q 0 0 0 rg BT 530.59 403.60 Td (our ) Tj ET Q q 0 0 0 rg BT 544.75 403.60 Td (position. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 392.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.39 392.80 Td (client ) Tj ET Q q 0 0 0 rg BT 74.77 392.80 Td (has ) Tj ET Q q 0 0 0 rg BT 89.16 392.80 Td (withheld ) Tj ET Q q 0 0 0 rg BT 123.05 392.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 155.94 392.80 Td (from ) Tj ET Q q 0 0 0 rg BT 175.83 392.80 Td (invoice ) Tj ET Q q 0 0 0 rg BT 204.71 392.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 241.60 392.80 Td (due ) Tj ET Q q 0 0 0 rg BT 256.98 392.80 Td (in ) Tj ET Q q 0 0 0 rg BT 266.38 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 279.77 392.80 Td (first ) Tj ET Q q 0 0 0 rg BT 296.66 392.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 324.53 392.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.42 392.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 357.07 392.80 Td (which ) Tj ET Q q 0 0 0 rg BT 381.45 392.80 Td (total ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.84 392.80 Td ($36.2 ) Tj ET Q q 0 0 0 rg BT 422.49 392.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.49 392.80 Td (.No ) Tj ET Q q 0 0 0 rg BT 466.38 392.80 Td (provision ) Tj ET Q q 0 0 0 rg BT 502.77 392.80 Td (has ) Tj ET Q q 0 0 0 rg BT 517.16 392.80 Td (been ) Tj ET Q q 0 0 0 rg BT 536.55 392.80 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 382.00 Td (in ) Tj ET Q q 0 0 0 rg BT 45.25 382.00 Td (relation ) Tj ET Q q 0 0 0 rg BT 74.99 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 84.24 382.00 Td (these ) Tj ET Q q 0 0 0 rg BT 104.98 382.00 Td (claims. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 339.40 Td (Note 24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 339.40 Td ( - ) Tj ET Q q 0 0 0 rg BT 76.64 339.40 Td (V) Tj ET Q q 0 0 0 rg BT 82.94 339.40 Td (ariable Inter) Tj ET Q q 0 0 0 rg BT 136.92 339.40 Td (est Entity \(VIE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 311.80 Td (As ) Tj ET Q q 0 0 0 rg BT 48.52 311.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.53 311.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.52 311.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 129.52 311.80 Td (, ) Tj ET Q q 0 0 0 rg BT 134.28 311.80 Td (the ) Tj ET Q q 0 0 0 rg BT 147.79 311.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.30 311.80 Td (leased ) Tj ET Q q 0 0 0 rg BT 210.30 311.80 Td (a ) Tj ET Q q 0 0 0 rg BT 216.81 311.80 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 246.31 311.80 Td (rig ) Tj ET Q q 0 0 0 rg BT 258.82 311.80 Td (from ) Tj ET Q q 0 0 0 rg BT 278.83 311.80 Td (a ) Tj ET Q q 0 0 0 rg BT 285.16 311.80 Td (VIE ) Tj ET Q q 0 0 0 rg BT 302.66 311.80 Td (under ) Tj ET Q q 0 0 0 rg BT 325.67 311.80 Td (a ) Tj ET Q q 0 0 0 rg BT 332.18 311.80 Td (finance ) Tj ET Q q 0 0 0 rg BT 361.17 311.80 Td (lease. ) Tj ET Q q 0 0 0 rg BT 383.74 311.80 Td (The ) Tj ET Q q 0 0 0 rg BT 400.25 311.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 425.25 311.80 Td (in ) Tj ET Q q 0 0 0 rg BT 434.77 311.80 Td (North ) Tj ET Q q 0 0 0 rg BT 457.72 311.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 489.23 311.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 512.24 311.80 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 529.50 311.80 Td (the ) Tj ET Q q 0 0 0 rg BT 543.01 311.80 Td (company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 301.00 Td (which ) Tj ET Q q 0 0 0 rg BT 60.19 301.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 86.38 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.57 301.00 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 135.26 301.00 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 164.44 301.00 Td (rig, ) Tj ET Q q 0 0 0 rg BT 178.89 301.00 Td (were ) Tj ET Q q 0 0 0 rg BT 198.57 301.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 215.76 301.00 Td (by ) Tj ET Q q 0 0 0 rg BT 226.96 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 240.15 301.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.34 301.00 Td (to ) Tj ET Q q 0 0 0 rg BT 286.54 301.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 301.71 301.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.91 301.00 Td (Linus ) Tj ET Q q 0 0 0 rg BT 326.60 301.00 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 343.55 301.00 Td (a ) Tj ET Q q 0 0 0 rg BT 349.74 301.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 368.44 301.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 399.12 301.00 Td (company) Tj ET Q q 0 0 0 rg BT 431.53 301.00 Td (, ) Tj ET Q q 0 0 0 rg BT 435.98 301.00 Td (on ) Tj ET Q q 0 0 0 rg BT 447.17 301.00 Td (June ) Tj ET Q q 0 0 0 rg BT 465.86 301.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 479.31 301.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 501.75 301.00 Td (while ) Tj ET Q q 0 0 0 rg BT 523.94 301.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.13 301.00 Td (W) Tj ET Q q 0 0 0 rg BT 543.81 301.00 Td (est ) Tj ET Q q 0 0 0 rg BT 556.00 301.00 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 290.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 48.08 290.20 Td (was ) Tj ET Q q 0 0 0 rg BT 64.16 290.20 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 120.74 290.20 Td (leased ) Tj ET Q q 0 0 0 rg BT 145.31 290.20 Td (back ) Tj ET Q q 0 0 0 rg BT 164.38 290.20 Td (by ) Tj ET Q q 0 0 0 rg BT 175.46 290.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.54 290.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.62 290.20 Td (on ) Tj ET Q q 0 0 0 rg BT 236.71 290.20 Td (a ) Tj ET Q q 0 0 0 rg BT 242.78 290.20 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 275.85 290.20 Td (charter ) Tj ET Q q 0 0 0 rg BT 302.91 290.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 333.98 290.20 Td (for ) Tj ET Q q 0 0 0 rg BT 346.55 290.20 Td (a ) Tj ET Q q 0 0 0 rg BT 352.63 290.20 Td (term ) Tj ET Q q 0 0 0 rg BT 371.21 290.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.79 290.20 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.79 290.20 Td ( ) Tj ET Q q 0 0 0 rg BT 391.87 290.20 Td (years. ) Tj ET Q q 0 0 0 rg BT 415.04 290.20 Td (The ) Tj ET Q q 0 0 0 rg BT 431.12 290.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.20 290.20 Td (has ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.28 290.20 Td (four) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.27 290.20 Td ( ) Tj ET Q q 0 0 0 rg BT 499.35 290.20 Td (options ) Tj ET Q q 0 0 0 rg BT 527.94 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 537.02 290.20 Td (repurchase ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 49.25 279.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 65.50 279.40 Td (during ) Tj ET Q q 0 0 0 rg BT 91.24 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 104.49 279.40 Td (charter ) Tj ET Q q 0 0 0 rg BT 131.72 279.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 159.21 279.40 Td (and ) Tj ET Q q 0 0 0 rg BT 174.45 279.40 Td (Ship ) Tj ET Q q 0 0 0 rg BT 193.21 279.40 Td (Finance ) Tj ET Q q 0 0 0 rg BT 223.95 279.40 Td (has ) Tj ET Q q 0 0 0 rg BT 238.20 279.40 Td (an ) Tj ET Q q 0 0 0 rg BT 248.94 279.40 Td (option ) Tj ET Q q 0 0 0 rg BT 274.19 279.40 Td (to ) Tj ET Q q 0 0 0 rg BT 283.44 279.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 298.19 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 311.44 279.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 331.18 279.40 Td (at ) Tj ET Q q 0 0 0 rg BT 339.93 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 353.17 279.40 Td (end ) Tj ET Q q 0 0 0 rg BT 368.42 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 378.16 279.40 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.41 279.40 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.41 279.40 Td ( ) Tj ET Q q 0 0 0 rg BT 402.66 279.40 Td (year ) Tj ET Q q 0 0 0 rg BT 420.39 279.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 440.63 279.40 Td (period. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 251.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.02 251.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.04 251.80 Td (has ) Tj ET Q q 0 0 0 rg BT 103.06 251.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 145.57 251.80 Td (that ) Tj ET Q q 0 0 0 rg BT 161.08 251.80 Td (the ) Tj ET Q q 0 0 0 rg BT 174.10 251.80 Td (Ship ) Tj ET Q q 0 0 0 rg BT 192.63 251.80 Td (Finance ) Tj ET Q q 0 0 0 rg BT 223.15 251.80 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 259.56 251.80 Td (, ) Tj ET Q q 0 0 0 rg BT 263.83 251.80 Td (which ) Tj ET Q q 0 0 0 rg BT 287.85 251.80 Td (owns ) Tj ET Q q 0 0 0 rg BT 308.88 251.80 Td (the ) Tj ET Q q 0 0 0 rg BT 321.90 251.80 Td (rig, ) Tj ET Q q 0 0 0 rg BT 336.17 251.80 Td (is ) Tj ET Q q 0 0 0 rg BT 344.20 251.80 Td (a ) Tj ET Q q 0 0 0 rg BT 350.07 251.80 Td (VIE, ) Tj ET Q q 0 0 0 rg BT 369.34 251.80 Td (and ) Tj ET Q q 0 0 0 rg BT 384.35 251.80 Td (that ) Tj ET Q q 0 0 0 rg BT 399.87 251.80 Td (North ) Tj ET Q q 0 0 0 rg BT 422.45 251.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 453.46 251.80 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 483.99 251.80 Td (is ) Tj ET Q q 0 0 0 rg BT 492.01 251.80 Td (the ) Tj ET Q q 0 0 0 rg BT 505.03 251.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 535.55 251.80 Td (beneficiary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 45.12 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 57.74 241.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 76.37 241.00 Td (and ) Tj ET Q q 0 0 0 rg BT 90.99 241.00 Td (rewards ) Tj ET Q q 0 0 0 rg BT 121.10 241.00 Td (connected ) Tj ET Q q 0 0 0 rg BT 159.20 241.00 Td (with ) Tj ET Q q 0 0 0 rg BT 176.83 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 189.45 241.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 228.57 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 237.69 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.31 241.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 261.93 241.00 Td (and ) Tj ET Q q 0 0 0 rg BT 276.55 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 289.17 241.00 Td (charter ) Tj ET Q q 0 0 0 rg BT 315.78 241.00 Td (contract. ) Tj ET Q q 0 0 0 rg BT 348.27 241.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 392.68 241.00 Td (, ) Tj ET Q q 0 0 0 rg BT 396.55 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 409.05 241.00 Td (VIE ) Tj ET Q q 0 0 0 rg BT 425.67 241.00 Td (is ) Tj ET Q q 0 0 0 rg BT 433.30 241.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.41 241.00 Td (in ) Tj ET Q q 0 0 0 rg BT 489.04 241.00 Td (our ) Tj ET Q q 0 0 0 rg BT 502.66 241.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 535.77 241.00 Td (statements. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 230.20 Td (The ) Tj ET Q q 0 0 0 rg BT 52.30 230.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 89.60 230.20 Td (did ) Tj ET Q q 0 0 0 rg BT 103.41 230.20 Td (not ) Tj ET Q q 0 0 0 rg BT 117.22 230.20 Td (record ) Tj ET Q q 0 0 0 rg BT 142.51 230.20 Td (any ) Tj ET Q q 0 0 0 rg BT 157.81 230.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 175.61 230.20 Td (or ) Tj ET Q q 0 0 0 rg BT 185.42 230.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 201.73 230.20 Td (from ) Tj ET Q q 0 0 0 rg BT 221.53 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 234.83 230.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 251.13 230.20 Td (of ) Tj ET Q q 0 0 0 rg BT 260.94 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 274.24 230.20 Td (shares, ) Tj ET Q q 0 0 0 rg BT 301.29 230.20 Td (as ) Tj ET Q q 0 0 0 rg BT 311.09 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.40 230.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 347.70 230.20 Td (and ) Tj ET Q q 0 0 0 rg BT 363.00 230.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 398.80 230.20 Td (continued ) Tj ET Q q 0 0 0 rg BT 436.60 230.20 Td (to ) Tj ET Q q 0 0 0 rg BT 445.91 230.20 Td (be ) Tj ET Q q 0 0 0 rg BT 456.71 230.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 489.00 230.20 Td (at ) Tj ET Q q 0 0 0 rg BT 497.80 230.20 Td (its ) Tj ET Q q 0 0 0 rg BT 508.61 230.20 Td (original ) Tj ET Q q 0 0 0 rg BT 538.91 230.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 555.72 230.20 Td (in ) Tj ET Q q 0 0 0 rg BT 565.03 230.20 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 219.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 78.13 219.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 107.62 219.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 128.13 219.40 Td (at ) Tj ET Q q 0 0 0 rg BT 136.63 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 149.64 219.40 Td (time ) Tj ET Q q 0 0 0 rg BT 167.64 219.40 Td (of ) Tj ET Q q 0 0 0 rg BT 177.15 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 190.16 219.40 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 233.46 219.40 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.47 219.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 296.96 219.40 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.96 219.40 Td (, ) Tj ET Q q 0 0 0 rg BT 319.22 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 332.22 219.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 351.73 219.40 Td (is ) Tj ET Q q 0 0 0 rg BT 359.74 219.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 391.74 219.40 Td (under ) Tj ET Q q 0 0 0 rg BT 414.24 219.40 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 444.75 219.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 460.76 219.40 Td (in ) Tj ET Q q 0 0 0 rg BT 469.77 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.78 219.40 Td (Company) Tj ET Q q 0 0 0 rg BT 520.28 219.40 Td (s ) Tj ET Q q 0 0 0 rg BT 525.79 219.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 555.28 219.40 Td (sheet. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 208.60 Td (Refer ) Tj ET Q q 0 0 0 rg BT 58.24 208.60 Td (also ) Tj ET Q q 0 0 0 rg BT 74.98 208.60 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.23 208.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 103.98 208.60 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.98 208.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.23 208.60 Td (- ) Tj ET Q q 0 0 0 rg BT 120.48 208.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 150.21 208.60 Td (party ) Tj ET Q q 0 0 0 rg BT 170.96 208.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 216.19 208.60 Td (for ) Tj ET Q q 0 0 0 rg BT 228.94 208.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 267.18 208.60 Td (details ) Tj ET Q q 0 0 0 rg BT 292.92 208.60 Td (about ) Tj ET Q q 0 0 0 rg BT 315.17 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.41 208.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 348.16 208.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.40 208.60 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 400.63 208.60 Td (contract. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 181.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 181.00 Td (following ) Tj ET Q q 0 0 0 rg BT 89.49 181.00 Td (table ) Tj ET Q q 0 0 0 rg BT 109.23 181.00 Td (gives ) Tj ET Q q 0 0 0 rg BT 130.48 181.00 Td (a ) Tj ET Q q 0 0 0 rg BT 136.72 181.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 172.47 181.00 Td (of ) Tj ET Q q 0 0 0 rg BT 182.21 181.00 Td (the ) Tj ET Q q 0 0 0 rg BT 195.46 181.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 211.70 181.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.95 181.00 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 264.17 181.00 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 313.65 181.00 Td (as ) Tj ET Q q 0 0 0 rg BT 323.39 181.00 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.14 181.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 385.87 181.00 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.87 181.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 126.50 120.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.50 126.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 126.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 126.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 126.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 126.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 126.50 70.00 -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 36.5 126.5 m 156.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 126.5 m 226.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 126.5 m 296.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 126.5 m 366.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 126.5 m 436.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 126.5 m 506.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 126.5 m 576.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 126.5 m 226.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 126.5 m 296.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 126.5 m 366.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 126.5 m 436.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 126.5 m 506.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 126.5 m 576.5 126.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 130.95 Td (Unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.45 130.95 Td (Effective from) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.20 139.95 Td (Sale value \(in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.10 130.95 Td (US$ millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.25 157.95 Td (First r) Tj ET Q q 0 0 0 rg BT 323.82 157.95 Td (epur) Tj ET Q q 0 0 0 rg BT 341.66 157.95 Td (chase ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.70 148.95 Td (option ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.60 139.95 Td (\(in US$ ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.20 130.95 Td (millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.00 148.95 Td (Month of first) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.65 139.95 Td (repurchase) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.70 130.95 Td (option) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 157.95 Td (Last r) Tj ET Q q 0 0 0 rg BT 463.08 157.95 Td (epur) Tj ET Q q 0 0 0 rg BT 480.92 157.95 Td (chase ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.70 148.95 Td (option ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 139.95 Td (\(in US$ ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.20 130.95 Td (millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.25 148.95 Td (Month of last) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.65 139.95 Td (repurchase) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.70 130.95 Td (option) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 105.95 Td (W) Tj ET Q q 0 0 0 rg BT 45.67 105.95 Td (est ) Tj ET Q q 0 0 0 rg BT 57.92 105.95 Td (Linus) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.60 105.95 Td (June 30, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.25 105.96 Td (600) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.25 105.95 Td (370) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.20 114.95 Td (On the 5) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 414.19 119.03 Td (th) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.74 114.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.25 105.95 Td (anniversary*) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.25 105.95 Td (170) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.85 114.95 Td ( On the 15) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 557.59 119.03 Td (th) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 562.14 114.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.25 105.95 Td (anniversary*) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 88.20 Td (* ) Tj ET Q q 0 0 0 rg BT 42.25 88.20 Td (Anniversaries ) Tj ET Q q 0 0 0 rg BT 94.49 88.20 Td (of ) Tj ET Q q 0 0 0 rg BT 104.23 88.20 Td (the ) Tj ET Q q 0 0 0 rg BT 117.48 88.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 146.23 88.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 177.46 88.20 Td (commencement ) Tj ET Q q 0 0 0 rg BT 236.69 88.20 Td (date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 60.60 Td (Ship ) Tj ET Q q 0 0 0 rg BT 55.29 60.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 86.57 60.60 Td (has ) Tj ET Q q 0 0 0 rg BT 101.36 60.60 Td (a ) Tj ET Q q 0 0 0 rg BT 108.14 60.60 Td (right ) Tj ET Q q 0 0 0 rg BT 127.93 60.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.72 60.60 Td (require 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486.46 60.60 Td (if ) Tj ET Q q 0 0 0 rg BT 494.74 60.60 Td (North ) Tj ET Q q 0 0 0 rg BT 517.91 60.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 549.69 60.60 Td (doesn) Tj ET Q q 0 0 0 rg BT 573.52 60.60 Td (t ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 49.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 67.73 49.80 Td (the ) Tj ET Q q 0 0 0 rg BT 80.97 49.80 Td (final ) Tj ET Q q 0 0 0 rg BT 99.72 49.80 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 140.94 49.80 Td (option. ) Tj ET Q endstream endobj 225 0 obj <> endobj 226 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 736.00 Td (The ) Tj ET Q q 0 0 0 rg BT 52.77 736.00 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 86.53 736.00 Td (charter ) Tj ET Q q 0 0 0 rg BT 114.28 736.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 130.55 736.00 Td (is ) Tj ET Q q 0 0 0 rg BT 139.33 736.00 Td (set ) Tj ET Q q 0 0 0 rg BT 152.10 736.00 Td (on ) Tj ET Q q 0 0 0 rg BT 163.88 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 177.65 736.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 198.43 736.00 Td (of ) Tj ET Q q 0 0 0 rg BT 208.71 736.00 Td (a ) Tj ET Q q 0 0 0 rg BT 215.48 736.00 Td (Base ) Tj ET Q q 0 0 0 rg BT 235.75 736.00 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 265.53 736.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 295.29 736.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 314.56 736.00 Td (for ) Tj ET Q q 0 0 0 rg BT 327.83 736.00 Td (the ) Tj ET Q q 0 0 0 rg BT 341.60 736.00 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 375.36 736.00 Td (charter ) Tj ET Q q 0 0 0 rg BT 403.12 736.00 Td (contract, ) Tj ET Q q 0 0 0 rg BT 437.13 736.00 Td (and ) Tj ET Q q 0 0 0 rg BT 452.90 736.00 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 490.15 736.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 522.92 736.00 Td (for ) Tj ET Q q 0 0 0 rg BT 536.19 736.00 Td (dif) Tj ET Q q 0 0 0 rg BT 546.02 736.00 Td (ferences ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 725.20 Td (between ) Tj ET Q q 0 0 0 rg BT 68.75 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 82.50 725.20 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 112.27 725.20 Td (fixing ) Tj ET Q q 0 0 0 rg BT 136.53 725.20 Td (each ) Tj ET Q q 0 0 0 rg BT 155.77 725.20 Td (month ) Tj ET Q q 0 0 0 rg BT 181.54 725.20 Td (and ) Tj ET Q q 0 0 0 rg BT 197.29 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 211.05 725.20 Td (Base ) Tj ET Q q 0 0 0 rg BT 231.31 725.20 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 261.07 725.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 290.82 725.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 310.07 725.20 Td (for ) Tj ET Q q 0 0 0 rg BT 323.33 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.09 725.20 Td (contract. ) Tj ET Q q 0 0 0 rg BT 370.47 725.20 Td (A) Tj ET Q q 0 0 0 rg BT 376.47 725.20 Td ( ) Tj ET Q q 0 0 0 rg BT 379.24 725.20 Td (summary ) Tj ET Q q 0 0 0 rg BT 415.49 725.20 Td (of ) Tj ET Q q 0 0 0 rg BT 425.75 725.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.51 725.20 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 473.25 725.20 Td (charter ) Tj ET Q q 0 0 0 rg BT 500.99 725.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 517.24 725.20 Td (per ) Tj ET Q q 0 0 0 rg BT 531.50 725.20 Td (day ) Tj ET Q q 0 0 0 rg BT 547.25 725.20 Td (is ) Tj ET Q q 0 0 0 rg BT 556.02 725.20 Td (given ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 714.40 Td (below) Tj ET Q q 0 0 0 rg BT 57.41 714.40 Td (. ) Tj ET Q q 0 0 0 rg BT 61.75 714.40 Td (The ) Tj ET Q q 0 0 0 rg BT 77.99 714.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 110.74 714.40 Td (shown ) Tj ET Q q 0 0 0 rg BT 136.49 714.40 Td (are ) Tj ET Q q 0 0 0 rg BT 149.73 714.40 Td (based ) Tj ET Q q 0 0 0 rg BT 172.47 714.40 Td (on ) Tj ET Q q 0 0 0 rg BT 183.72 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 196.96 714.40 Td (Base ) Tj ET Q q 0 0 0 rg BT 216.71 714.40 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 245.96 714.40 Td (Interest ) Tj ET Q q 0 0 0 rg BT 275.19 714.40 Td (Rate. ) Tj ET Q q 0 0 0 rg BT 296.19 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 298.27 714.40 Td (These ) Tj ET Q q 0 0 0 rg BT 322.01 714.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 342.25 714.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 362.50 714.40 Td (are ) Tj ET Q q 0 0 0 rg BT 375.74 714.40 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 415.97 714.40 Td (on ) Tj ET Q q 0 0 0 rg BT 427.22 714.40 Td (consolidation. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 662.90 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.50 662.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 662.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 662.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 662.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 662.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 662.90 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 226.5 686.9 m 296.5 686.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 686.9 m 366.5 686.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 686.9 m 436.5 686.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 686.9 m 506.5 686.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 686.9 m 576.5 686.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 662.9 m 156.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 662.9 m 226.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 662.9 m 296.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 662.9 m 366.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 662.9 m 436.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 662.9 m 506.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 662.9 m 576.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 662.9 m 226.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 662.9 m 296.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 662.9 m 366.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 662.9 m 436.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 662.9 m 506.5 662.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 662.9 m 576.5 662.9 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.35 691.35 Td (\(In thousands of US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 667.35 Td (Unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 166.35 676.35 Td (Base LIBOR) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 167.70 667.35 Td (interest rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.00 667.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 322.00 667.35 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.00 667.35 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 667.35 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 667.35 Td (2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 653.36 Td (W) Tj ET Q q 0 0 0 rg BT 46.77 653.36 Td (est ) Tj ET Q q 0 0 0 rg BT 59.02 653.36 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.00 653.36 Td (1%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.25 653.36 Td (222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.25 653.36 Td (222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 653.36 Td (222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.85 653.36 Td (172.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 653.36 Td (140) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 621.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.24 621.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.49 621.80 Td (and ) Tj ET Q q 0 0 0 rg BT 90.73 621.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 126.48 621.80 Td (in ) Tj ET Q q 0 0 0 rg BT 135.73 621.80 Td (the ) Tj ET Q q 0 0 0 rg BT 148.97 621.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 182.71 621.80 Td (of ) Tj ET Q q 0 0 0 rg BT 192.46 621.80 Td (the ) Tj ET Q q 0 0 0 rg BT 205.54 621.80 Td (VIE ) Tj ET Q q 0 0 0 rg BT 222.79 621.80 Td (as ) Tj ET Q q 0 0 0 rg BT 232.53 621.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.28 621.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 294.00 621.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 621.80 Td ( ) Tj ET Q q 0 0 0 rg BT 314.25 621.80 Td (and ) Tj ET Q q 0 0 0 rg BT 329.50 621.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 349.75 621.80 Td (are ) Tj ET Q q 0 0 0 rg BT 362.98 621.80 Td (as ) Tj ET Q q 0 0 0 rg BT 372.73 621.80 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 560.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 560.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 560.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 560.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 560.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 532.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 532.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 532.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 532.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 532.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 503.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 503.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 503.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 503.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 503.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 475.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 475.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 475.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 475.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 475.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 446.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 446.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 446.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 446.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 446.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 418.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 418.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 418.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 418.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 418.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 390.30 392.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 390.30 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 390.30 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 390.30 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 390.30 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 366.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 366.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 366.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 366.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 366.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 338.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 338.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 338.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 338.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 338.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 313.30 392.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 313.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 313.30 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 313.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 313.30 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 36.5 574.3 m 428.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 574.3 m 502.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 574.3 m 576.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 532.3 m 428.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 532.3 m 432.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 532.3 m 502.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 532.3 m 506.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 532.3 m 576.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 532.3 m 428.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 519.3 m 428.5 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 517.3 m 428.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 532.3 m 432.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 519.3 m 432.5 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 517.3 m 432.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 532.3 m 502.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 519.3 m 502.5 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 517.3 m 502.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 532.3 m 506.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 519.3 m 506.5 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 517.3 m 506.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 532.3 m 576.5 532.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 519.3 m 576.5 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 517.3 m 576.5 517.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 475.3 m 428.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 475.3 m 432.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 475.3 m 502.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 475.3 m 506.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 475.3 m 576.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 475.3 m 428.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 461.3 m 428.5 461.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 475.3 m 432.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 461.3 m 432.5 461.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 475.3 m 502.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 461.3 m 502.5 461.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 475.3 m 506.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 461.3 m 506.5 461.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 475.3 m 576.5 475.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 461.3 m 576.5 461.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 404.3 m 428.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 404.3 m 432.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 404.3 m 502.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 404.3 m 506.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 404.3 m 576.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 404.3 m 428.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 390.3 m 428.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 404.3 m 432.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.3 m 432.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 404.3 m 502.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 390.3 m 502.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 404.3 m 506.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 390.3 m 506.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 404.3 m 576.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 390.3 m 576.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 390.3 m 428.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.3 m 432.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 390.3 m 502.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 390.3 m 506.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 390.3 m 576.5 390.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 352.3 m 428.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 352.3 m 432.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 352.3 m 502.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 352.3 m 506.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 352.3 m 576.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 352.3 m 432.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 352.3 m 502.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 352.3 m 506.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 352.3 m 576.5 352.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 338.3 m 428.5 338.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 325.3 m 428.5 325.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 323.3 m 428.5 323.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 338.3 m 432.5 338.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 325.3 m 432.5 325.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 323.3 m 432.5 323.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 338.3 m 502.5 338.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 325.3 m 502.5 325.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 323.3 m 502.5 323.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 338.3 m 506.5 338.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 325.3 m 506.5 325.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 323.3 m 506.5 323.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 338.3 m 576.5 338.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 325.3 m 576.5 325.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 323.3 m 576.5 323.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.80 599.70 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 590.70 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.80 599.70 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.00 590.70 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 193.20 578.70 Td (\(In millions of US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.70 578.70 Td (SFL Linus Ltd) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.70 578.70 Td (SFL Linus Ltd) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 550.76 Td (Investment ) Tj ET Q q 0 0 0 rg BT 81.24 550.76 Td (in ) Tj ET Q q 0 0 0 rg BT 90.49 550.76 Td (Finance ) Tj ET Q q 0 0 0 rg BT 121.23 550.76 Td (Lease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 550.76 Td (530.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 550.76 Td (574.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 536.76 Td (Related ) Tj ET Q q 0 0 0 rg BT 68.74 536.76 Td (party ) Tj ET Q q 0 0 0 rg BT 89.48 536.76 Td (receivables ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 536.76 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 536.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 522.75 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 522.75 Td (otal ) Tj ET Q q 0 0 0 rg BT 60.92 522.75 Td (assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 522.75 Td (530.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 522.76 Td (574.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 493.76 Td (Current position of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 493.76 Td (51.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 493.76 Td (51.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 479.76 Td (Short-term related party liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 479.76 Td (23.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 479.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 465.75 Td (Total current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 465.75 Td (74.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 465.76 Td (51.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 436.76 Td (Interest bearing debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 436.76 Td (302.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 436.76 Td (399.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 422.76 Td (Non-current related party liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 422.76 Td (125.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 422.76 Td (110.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 408.76 Td (Derivative instruments - payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 408.76 Td (2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 408.76 Td (2.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 394.75 Td (Total non-current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 394.75 Td (429.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 394.76 Td (512.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 370.76 Td (Accumulated Other Comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 370.76 Td (\(2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 370.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 370.76 Td (\(2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 370.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 356.76 Td (Retained earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 356.76 Td (28.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 356.76 Td (12.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 342.75 Td (Total stockholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 342.75 Td (26.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 342.76 Td (10.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 328.75 Td (Total liabilities and stockholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.75 328.75 Td (530.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 328.76 Td (574.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 303.76 Td (Book value of the unit in the Companys consolidated accounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 303.76 Td (559.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 303.76 Td (581.0) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 272.20 Td (Historically ) Tj ET Q q 0 0 0 rg BT 81.00 272.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.50 272.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.00 272.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 168.99 272.20 Td (balances ) Tj ET Q q 0 0 0 rg BT 202.48 272.20 Td (due ) Tj ET Q q 0 0 0 rg BT 217.98 272.20 Td (to/from ) Tj ET Q q 0 0 0 rg BT 247.48 272.20 Td (Ship ) Tj ET Q q 0 0 0 rg BT 266.49 272.20 Td (Finance ) Tj ET Q q 0 0 0 rg BT 297.49 272.20 Td (on ) Tj ET Q q 0 0 0 rg BT 308.99 272.20 Td (a ) Tj ET Q q 0 0 0 rg BT 315.49 272.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 337.00 272.20 Td (basis. ) Tj ET Q q 0 0 0 rg BT 359.76 272.20 Td (From ) Tj ET Q q 0 0 0 rg BT 381.77 272.20 Td (June ) Tj ET Q q 0 0 0 rg BT 400.77 272.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 414.53 272.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 435.03 272.20 Td (the ) Tj ET Q q 0 0 0 rg BT 448.53 272.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 486.04 272.20 Td (have ) Tj ET Q q 0 0 0 rg BT 505.53 272.20 Td (elected ) Tj ET Q q 0 0 0 rg BT 533.52 272.20 Td (to ) Tj ET Q q 0 0 0 rg BT 543.02 272.20 Td (represent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 261.40 Td (this ) Tj ET Q q 0 0 0 rg BT 51.27 261.40 Td (on ) Tj ET Q q 0 0 0 rg BT 62.54 261.40 Td (a ) Tj ET Q q 0 0 0 rg BT 68.81 261.40 Td (net ) Tj ET Q q 0 0 0 rg BT 82.07 261.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 104.59 261.40 Td (due ) Tj ET Q q 0 0 0 rg BT 119.86 261.40 Td (to ) Tj ET Q q 0 0 0 rg BT 129.13 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 142.39 261.40 Td (fact ) Tj ET Q q 0 0 0 rg BT 158.15 261.40 Td (that ) Tj ET Q q 0 0 0 rg BT 173.92 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 187.18 261.40 Td (right ) Tj ET Q q 0 0 0 rg BT 206.45 261.40 Td (of ) Tj ET Q q 0 0 0 rg BT 216.22 261.40 Td (of) Tj ET Q q 0 0 0 rg BT 223.55 261.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 238.82 261.40 Td (is ) Tj ET Q q 0 0 0 rg BT 247.09 261.40 Td (established ) Tj ET Q q 0 0 0 rg BT 289.35 261.40 Td (in ) Tj ET Q q 0 0 0 rg BT 298.62 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 311.88 261.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 349.64 261.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 367.41 261.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 412.91 261.40 Td (and ) Tj ET Q q 0 0 0 rg BT 428.17 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 441.44 261.40 Td (balances ) Tj ET Q q 0 0 0 rg BT 474.69 261.40 Td (are ) Tj ET Q q 0 0 0 rg BT 487.95 261.40 Td (intended ) Tj ET Q q 0 0 0 rg BT 521.21 261.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.48 261.40 Td (be ) Tj ET Q q 0 0 0 rg BT 541.24 261.40 Td (settled ) Tj ET Q q 0 0 0 rg BT 567.00 261.40 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 250.60 Td (a ) Tj ET Q q 0 0 0 rg BT 41.90 250.60 Td (net ) Tj ET Q q 0 0 0 rg BT 54.79 250.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 76.94 250.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 113.84 250.60 Td (a ) Tj ET Q q 0 0 0 rg BT 119.74 250.60 Td (more ) Tj ET Q q 0 0 0 rg BT 140.13 250.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 183.01 250.60 Td (description ) Tj ET Q q 0 0 0 rg BT 224.90 250.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.30 250.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.19 250.60 Td (Company) Tj ET Q q 0 0 0 rg BT 284.69 250.60 Td (s ) Tj ET Q q 0 0 0 rg BT 290.10 250.60 Td (related ) Tj ET Q q 0 0 0 rg BT 316.48 250.60 Td (party ) Tj ET Q q 0 0 0 rg BT 336.87 250.60 Td (net ) Tj ET Q q 0 0 0 rg BT 349.77 250.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 367.16 250.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 400.32 250.60 Td ( ) Tj ET Q q 0 0 0 rg BT 401.80 250.60 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 448.69 250.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.58 250.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 498.48 250.60 Td (has ) Tj ET Q q 0 0 0 rg BT 512.38 250.60 Td (represented ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.76 250.60 Td ($14.3 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 239.80 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 239.80 Td ( ) Tj ET Q q 0 0 0 rg BT 64.47 239.80 Td (from ) Tj ET Q q 0 0 0 rg BT 83.89 239.80 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 119.37 239.80 Td (due ) Tj ET Q q 0 0 0 rg BT 134.83 239.80 Td (from ) Tj ET Q q 0 0 0 rg BT 154.80 239.80 Td (related ) Tj ET Q q 0 0 0 rg BT 181.75 239.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 208.21 239.80 Td (\(Current ) Tj ET Q q 0 0 0 rg BT 241.17 239.80 Td (assets\) ) Tj ET Q q 0 0 0 rg BT 267.64 239.80 Td (and ) Tj ET Q q 0 0 0 rg BT 283.10 239.80 Td (of) Tj ET Q q 0 0 0 rg BT 290.44 239.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 305.90 239.80 Td (against ) Tj ET Q q 0 0 0 rg BT 333.86 239.80 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 374.82 239.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 392.79 239.80 Td (due ) Tj ET Q q 0 0 0 rg BT 408.25 239.80 Td (to ) Tj ET Q q 0 0 0 rg BT 417.72 239.80 Td (related ) Tj ET Q q 0 0 0 rg BT 444.68 239.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 471.14 239.80 Td (\(Non-current ) Tj ET Q q 0 0 0 rg BT 520.59 239.80 Td (liabilities\) ) Tj ET Q q 0 0 0 rg BT 559.55 239.80 Td (as ) Tj ET Q q 0 0 0 rg BT 569.52 239.80 Td (at ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 229.00 Td (December ) Tj ET Q q 0 0 0 rg BT 75.25 229.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 88.77 229.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 111.29 229.00 Td ( ) Tj ET Q q 0 0 0 rg BT 113.40 229.00 Td (There ) Tj ET Q q 0 0 0 rg BT 136.65 229.00 Td (is ) Tj ET Q q 0 0 0 rg BT 144.92 229.00 Td (no ) Tj ET Q q 0 0 0 rg BT 156.20 229.00 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 209.95 229.00 Td (of) Tj ET Q q 0 0 0 rg BT 217.29 229.00 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 246.55 229.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.32 229.00 Td (as ) Tj ET Q q 0 0 0 rg BT 283.08 229.00 Td (at ) Tj ET Q q 0 0 0 rg BT 291.85 229.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 344.60 229.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 364.87 229.00 Td (as ) Tj ET Q q 0 0 0 rg BT 374.64 229.00 Td (the ) Tj ET Q q 0 0 0 rg BT 387.90 229.00 Td (short ) Tj ET Q q 0 0 0 rg BT 408.17 229.00 Td (term ) Tj ET Q q 0 0 0 rg BT 426.94 229.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 454.70 229.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 487.95 229.00 Td (are ) Tj ET Q q 0 0 0 rg BT 501.21 229.00 Td (in ) Tj ET Q q 0 0 0 rg BT 510.48 229.00 Td (a ) Tj ET Q q 0 0 0 rg BT 516.75 229.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 547.02 229.00 Td (position ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 218.20 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.75 218.20 Td (23.2 ) Tj ET Q q 0 0 0 rg BT 63.75 218.20 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.75 218.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 189.40 Td (Note 25 - Non-contr) Tj ET Q q 0 0 0 rg BT 120.52 189.40 Td (olling inter) Tj ET Q q 0 0 0 rg BT 167.28 189.40 Td (est) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 161.80 Td (In ) Tj ET Q q 0 0 0 rg BT 45.90 161.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 66.30 161.80 Td (the ) Tj ET Q q 0 0 0 rg BT 79.69 161.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.09 161.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 145.97 161.80 Td (into ) Tj ET Q q 0 0 0 rg BT 162.38 161.80 Td (a ) Tj ET Q q 0 0 0 rg BT 168.77 161.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 185.16 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 200.56 161.80 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 237.93 161.80 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 285.31 161.80 Td (for ) Tj ET Q q 0 0 0 rg BT 298.03 161.80 Td (W) Tj ET Q q 0 0 0 rg BT 305.80 161.80 Td (est ) Tj ET Q q 0 0 0 rg BT 318.20 161.80 Td (Linus ) Tj ET Q q 0 0 0 rg BT 341.10 161.80 Td (with ) Tj ET Q q 0 0 0 rg BT 359.50 161.80 Td (Ship ) Tj ET Q q 0 0 0 rg BT 378.41 161.80 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 411.55 161.80 Td (who ) Tj ET Q q 0 0 0 rg BT 429.45 161.80 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 477.33 161.80 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 516.73 161.80 Td (company ) Tj ET Q q 0 0 0 rg BT 552.12 161.80 Td (for ) Tj ET Q q 0 0 0 rg BT 565.01 161.80 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 151.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 52.66 151.00 Td (purpose ) Tj ET Q q 0 0 0 rg BT 83.31 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 92.97 151.00 Td (owning ) Tj ET Q q 0 0 0 rg BT 122.13 151.00 Td (and ) Tj ET Q q 0 0 0 rg BT 137.28 151.00 Td (leasing ) Tj ET Q q 0 0 0 rg BT 164.94 151.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.09 151.00 Td (rig. ) Tj ET Q q 0 0 0 rg BT 192.34 151.00 Td (The ) Tj ET Q q 0 0 0 rg BT 208.50 151.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.65 151.00 Td (has ) Tj ET Q q 0 0 0 rg BT 259.81 151.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 301.45 151.00 Td (this ) Tj ET Q q 0 0 0 rg BT 316.61 151.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 355.77 151.00 Td (company ) Tj ET Q q 0 0 0 rg BT 390.92 151.00 Td (as ) Tj ET Q q 0 0 0 rg BT 400.58 151.00 Td (a ) Tj ET Q q 0 0 0 rg BT 406.57 151.00 Td (VIE ) Tj ET Q q 0 0 0 rg BT 423.73 151.00 Td (and ) Tj ET Q q 0 0 0 rg BT 438.88 151.00 Td (concluded ) Tj ET Q q 0 0 0 rg BT 478.03 151.00 Td (that ) Tj ET Q q 0 0 0 rg BT 493.68 151.00 Td (North ) Tj ET Q q 0 0 0 rg BT 516.36 151.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 547.52 151.00 Td (Drilling ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 140.20 Td (is ) Tj ET Q q 0 0 0 rg BT 44.03 140.20 Td (their ) Tj ET Q q 0 0 0 rg BT 62.55 140.20 Td (primary ) Tj ET Q q 0 0 0 rg BT 93.06 140.20 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 132.95 140.20 Td (. ) Tj ET Q q 0 0 0 rg BT 136.78 140.20 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 181.18 140.20 Td (, ) Tj ET Q q 0 0 0 rg BT 185.45 140.20 Td (this ) Tj ET Q q 0 0 0 rg BT 200.48 140.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 239.51 140.20 Td (company ) Tj ET Q q 0 0 0 rg BT 274.52 140.20 Td (is ) Tj ET Q q 0 0 0 rg BT 282.55 140.20 Td (included ) Tj ET Q q 0 0 0 rg BT 315.56 140.20 Td (in ) Tj ET Q q 0 0 0 rg BT 324.59 140.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.61 140.20 Td (Company`s ) Tj ET Q q 0 0 0 rg BT 381.13 140.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 428.64 140.20 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 464.41 140.20 Td (with ) Tj ET Q q 0 0 0 rg BT 482.43 140.20 Td (the ) Tj ET Q q 0 0 0 rg BT 495.45 140.20 Td (Ship ) Tj ET Q q 0 0 0 rg BT 513.98 140.20 Td (Finance ) Tj ET Q q 0 0 0 rg BT 544.50 140.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 569.02 140.20 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 129.40 Td (this ) Tj ET Q q 0 0 0 rg BT 51.25 129.40 Td (company ) Tj ET Q q 0 0 0 rg BT 86.49 129.40 Td (included ) Tj ET Q q 0 0 0 rg BT 119.73 129.40 Td (in ) Tj ET Q q 0 0 0 rg BT 128.98 129.40 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 187.22 129.40 Td (interest.) Tj ET Q endstream endobj 227 0 obj <> endobj 228 0 obj <> stream BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.45 25.30 Td (F-42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 749.80 Td (Changes ) Tj ET Q q 0 0 0 rg BT 69.24 749.80 Td (in ) Tj ET Q q 0 0 0 rg BT 78.50 749.80 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 136.74 749.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.48 749.80 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.73 749.80 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.73 749.80 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.23 749.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.23 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 217.48 749.80 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.72 749.80 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.72 749.80 Td ( ) Tj ET Q q 0 0 0 rg BT 252.97 749.80 Td (are ) Tj ET Q q 0 0 0 rg BT 266.21 749.80 Td (as ) Tj ET Q q 0 0 0 rg BT 275.95 749.80 Td (follows;) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 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9.00 Tf ET q 0 0 0 rg BT 573.00 670.75 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 657.56 Td (Other comprehensive income due to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 657.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 657.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 644.56 Td (Net income due to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.25 644.56 Td (12.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 644.56 Td (12.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 631.70 Td (December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 631.70 Td (10.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 631.70 Td (10.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 618.56 Td (Other comprehensive income due to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 618.56 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.75 618.56 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 605.56 Td (Net income due to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.25 605.56 Td (16.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.25 605.56 Td (16.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 592.70 Td (December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.25 592.70 Td (26.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 592.70 Td (26.5) Tj ET Q BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 560.00 Td (Note 26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.49 560.00 Td ( - Subsequent Events) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 36 531.20029296875 m 192.0498046875 531.20029296875 l s q 0 0 0 rg BT 36.00 532.40 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 84.24 532.40 Td (to ) Tj ET Q q 0 0 0 rg BT 93.49 532.40 Td (our ) Tj ET Q q 0 0 0 rg BT 108.24 532.40 Td (secur) Tj ET Q q 0 0 0 rg BT 127.40 532.40 Td (ed ) Tj ET Q q 0 0 0 rg BT 138.15 532.40 Td (cr) Tj ET Q q 0 0 0 rg BT 145.31 532.40 Td (edit ) Tj ET Q q 0 0 0 rg BT 161.06 532.40 Td (facilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 518.60 Td (On ) Tj ET Q q 0 0 0 rg BT 48.86 518.60 Td (April ) Tj ET Q q 0 0 0 rg BT 70.24 518.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 83.88 518.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 104.27 518.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.65 518.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 155.03 518.60 Td (executed ) Tj ET Q q 0 0 0 rg BT 189.40 518.60 Td (an ) Tj ET Q q 0 0 0 rg BT 200.28 518.60 Td (amendment ) Tj ET Q q 0 0 0 rg BT 244.65 518.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.04 518.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.42 518.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 305.79 518.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 343.16 518.60 Td (within ) Tj ET Q q 0 0 0 rg BT 368.55 518.60 Td (its ) Tj ET Q q 0 0 0 rg BT 379.44 518.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 409.31 518.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 432.18 518.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 467.63 518.60 Td (The ) Tj ET Q q 0 0 0 rg BT 484.01 518.60 Td (amendment, ) Tj ET Q q 0 0 0 rg BT 530.63 518.60 Td (among ) Tj ET Q q 0 0 0 rg BT 557.51 518.60 Td (other ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 507.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 62.58 507.80 Td (amends ) Tj ET Q q 0 0 0 rg BT 92.40 507.80 Td (the ) Tj ET Q q 0 0 0 rg BT 105.72 507.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 155.03 507.80 Td (and ) Tj ET Q q 0 0 0 rg BT 170.35 507.80 Td (definitions ) Tj ET Q q 0 0 0 rg BT 211.18 507.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.00 507.80 Td (the ) Tj ET Q q 0 0 0 rg BT 234.32 507.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 259.15 507.80 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 280.22 507.80 Td (leverage ) Tj ET Q q 0 0 0 rg BT 313.02 507.80 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 334.09 507.80 Td (minimum-value-clauses, ) Tj ET Q q 0 0 0 rg BT 425.14 507.80 Td (and ) Tj ET Q q 0 0 0 rg BT 440.46 507.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 477.79 507.80 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 510.62 507.80 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 562.01 507.80 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 497.00 Td (covenant ) Tj ET Q q 0 0 0 rg BT 70.44 497.00 Td (amendments ) Tj ET Q q 0 0 0 rg BT 117.88 497.00 Td (are ) Tj ET Q q 0 0 0 rg BT 130.82 497.00 Td (in ) Tj ET Q q 0 0 0 rg BT 139.78 497.00 Td (place ) Tj ET Q q 0 0 0 rg BT 160.72 497.00 Td (until ) Tj ET Q q 0 0 0 rg BT 179.17 497.00 Td (July ) Tj ET Q q 0 0 0 rg BT 196.13 497.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 204.83 497.00 Td (2017. ) Tj ET Q q 0 0 0 rg BT 227.04 497.00 Td (In ) Tj ET Q q 0 0 0 rg BT 236.49 497.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 267.94 497.00 Td (the ) Tj ET Q q 0 0 0 rg BT 280.89 497.00 Td (maturity ) Tj ET Q q 0 0 0 rg BT 313.34 497.00 Td (date ) Tj ET Q q 0 0 0 rg BT 330.28 497.00 Td (of ) Tj ET Q q 0 0 0 rg BT 339.74 497.00 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.69 497.00 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 379.39 497.00 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.39 497.00 Td ( ) Tj ET Q q 0 0 0 rg BT 407.35 497.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 431.30 497.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 460.73 497.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 483.18 497.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 510.62 497.00 Td (has ) Tj ET Q q 0 0 0 rg BT 524.57 497.00 Td (been ) Tj ET Q q 0 0 0 rg BT 543.51 497.00 Td (amended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 486.20 Td (from ) Tj ET Q q 0 0 0 rg BT 55.25 486.20 Td (April ) Tj ET Q q 0 0 0 rg BT 76.50 486.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 90.00 486.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 110.25 486.20 Td (to ) Tj ET Q q 0 0 0 rg BT 119.50 486.20 Td (June ) Tj ET Q q 0 0 0 rg BT 138.24 486.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 151.74 486.20 Td (2017. ) Tj ET Q q 0 0 0 rg BT 174.24 486.20 Td (Refer ) Tj ET Q q 0 0 0 rg BT 196.48 486.20 Td (to ) Tj ET Q q 0 0 0 rg BT 205.73 486.20 Td (") Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.40 486.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 229.15 486.20 Td (14) Tj 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