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    &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;The Company has recorded liabilities for certain of its outstanding legal proceedings and
    governmental examinations. A liability is established when it is both (a)&amp;#160;probable that a loss
    with respect to the legal proceeding has occurred and (b)&amp;#160;the amount of the loss can be reasonably
    estimated (although there may be an exposure to loss in excess of the liability recorded). The
    Company evaluates, on a quarterly basis, developments in legal proceedings and governmental
    examinations that could cause an increase or decrease in the amount of the liability that has been
    previously established.
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    &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;The Company&amp;#8217;s legal proceedings range from cases brought by a single plaintiff to class actions
    with hundreds of thousands of putative class members. These legal proceedings, as well as
    governmental examinations, involve various lines of business of the Company and a variety of claims
    (including, but not limited to, common law tort, contract, antitrust and consumer protection
    claims), some of which present novel factual allegations and/or unique legal theories. While some
    matters pending against the Company specify the damages claimed by the plaintiff, many seek a
    not-yet-quantified amount of damages or are at very early stages of the legal process. Even when
    the amount of damages claimed against the Company are stated, the claimed amount may be exaggerated
    and/or unsupported. In view of the inherent difficulty of predicting the outcome of legal
    proceedings and governmental examinations, for the reasons described above, the
    Company at this time cannot reasonably estimate a loss or a range of possible losses in excess of accrued
    liabilities, if any, with respect to such matters that would be meaningful to investors or predict
    with reasonable accuracy the timing of the ultimate resolution of such matters.
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