<SEC-DOCUMENT>0001193125-20-243807.txt : 20200911
<SEC-HEADER>0001193125-20-243807.hdr.sgml : 20200911
<ACCEPTANCE-DATETIME>20200911092103
ACCESSION NUMBER:		0001193125-20-243807
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		27
CONFORMED PERIOD OF REPORT:	20201027
FILED AS OF DATE:		20200911
DATE AS OF CHANGE:		20200911
EFFECTIVENESS DATE:		20200911

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APPLIED INDUSTRIAL TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000109563
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080]
		IRS NUMBER:				340117420
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02299
		FILM NUMBER:		201170088

	BUSINESS ADDRESS:	
		STREET 1:		ONE APPLIED PLAZA
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44115-5056
		BUSINESS PHONE:		216-426-4753

	MAIL ADDRESS:	
		STREET 1:		ONE APPLIED PLAZA
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44115-5056

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BEARINGS INC /OH/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROWN JIM STORES INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>d922255ddef14a.htm
<DESCRIPTION>DEF 14A
<TEXT>
<HTML><HEAD>
<TITLE>DEF 14A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, DC 20549 </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(RULE
14a-101) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A INFORMATION </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Proxy Statement Pursuant to Section&nbsp;14(a) of the Securities </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Exchange Act of 1934 (Amendment No. &nbsp;&nbsp;&nbsp;&nbsp;) </P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the Registrant &#9745; </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by a Party other than the
Registrant &#9744; </P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Preliminary Proxy Statement </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9745;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Definitive Proxy Statement </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Definitive Additional Materials </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting Material Pursuant to Section&nbsp;240.14a-12 </P></TD></TR></TABLE>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:20pt; font-family:Times New Roman" ALIGN="center"><B>APPLIED INDUSTRIAL TECHNOLOGIES, INC. </B></P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified In
Its Charter) </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s) Filing Proxy
Statement) </B></P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check the appropriate box): </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9745;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">No fee required. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Title of each class of securities to which transaction applies: </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Aggregate number of securities to which transaction applies: </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth
the amount on which the filing fee is calculated and state how it was determined): </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Proposed maximum aggregate value of transaction: </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Total fee paid: </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Fee paid previously with preliminary materials. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Amount Previously Paid: </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Form, Schedule or Registration Statement No.: </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Filing Party: </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Date Filed: </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;margin-left:7%;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g922255g0903033327869.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL">NOTICE OF ANNUAL MEETING OF SHAREHOLDERS </P> <P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.00pt solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><B>TUESDAY, OCTOBER&nbsp;27, 2020</B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><B>9:00 A.M. EASTERN TIME</B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><B>HEADQUARTERS OF APPLIED INDUSTRIAL TECHNOLOGIES, INC.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">1 Applied Plaza</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">East 36th&nbsp;Street and Euclid Avenue</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">Cleveland, Ohio, 44115</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">(216)&nbsp;426-4000</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><U>www.applied.com</U></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:2.00pt solid #a5a5a5">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:2.00pt solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>HOW TO VOTE</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1169c4">Your vote is important! Whether or not you expect to attend the meeting,
please promptly vote via the Internet, by phone, or by executing and returning the enclosed proxy card in the postage-paid envelope provided. Voting early will help avoid additional solicitation costs.</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ROWSPAN="6"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><B>TO THE SHAREHOLDERS OF APPLIED INDUSTRIAL TECHNOLOGIES,
INC.:</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">We are pleased to invite you to our 2020 annual meeting of shareholders. The meeting will be at our headquarters, 1 Applied Plaza, East 36th&nbsp;Street
and Euclid Avenue, Cleveland, Ohio, 44115, on Tuesday, October&nbsp;27, 2020, at 9:00&nbsp;a.m. Eastern Time. The meeting will be held for the following purposes:</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #a5a5a5">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:9.5pt; font-family:ARIAL"><B><FONT STYLE="font-size:10pt">1</FONT>.&#8195;&#8202;To elect three directors.</B></P>
<P STYLE="margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #a5a5a5">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:9.5pt; font-family:ARIAL"><B><FONT STYLE="font-size:10pt">2</FONT>.&#8195;&#8202;To approve, through a nonbinding advisory vote, the compensation of
Applied&#146;s named executive officers as disclosed&nbsp;in the attached proxy statement.</B></P> <P STYLE="margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #a5a5a5">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:9.5pt; font-family:ARIAL"><B><FONT STYLE="font-size:10pt">3</FONT>.&#8195;&#8202;To
ratify the Audit Committee&#146;s appointment of independent auditors for the fiscal year ending June&nbsp;30, 2021.</B></P> <P STYLE="margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #a5a5a5">&nbsp;</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL">Shareholders of record at the close of business on August&nbsp;28, 2020, are entitled to vote at
the meeting. The transfer books will not be closed. A list of shareholders as of the record date will be available for examination at the meeting.</P></TD>
<TD VALIGN="bottom" ROWSPAN="5">&nbsp;</TD>
<TD ROWSPAN="5" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>VOTING FOR REGISTERED AND RETIREMENT SAVINGS
PLAN HOLDERS:</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g922255g0903033328196.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>By Internet Using Your Tablet or Smart Phone</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Scan the QR code <U>on your proxy card</U> to vote with your mobile device</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g922255g0903033328384.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>By Phone</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Call <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-652-VOTE</FONT></FONT></FONT> (8683)&nbsp;in the U.S. or Canada to vote</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g922255g0903033328602.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>By Internet Using Your Computer</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Visit www.investorvote.com/AIT</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:2.00pt solid #a5a5a5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.00pt solid #a5a5a5"> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g922255g0903033328805.jpg" ALT="LOGO">
</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:2.00pt solid #a5a5a5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.00pt solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>By Mail</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Cast your ballot, sign your proxy card, and return by free post</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>IMPORTANT NOTICE REGARDING THE
AVAILABILITY OF PROXY MATERIALS FOR THE&nbsp;SHAREHOLDER MEETING TO BE HELD ON&nbsp;OCTOBER&nbsp;27, 2020.</B></FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The attached proxy statement describes the business of the meeting and provides information about our corporate governance.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I>Fred D. Bauer</I></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><I>Vice President-General Counsel&nbsp;&amp; Secretary</I></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL"><I>September&nbsp;11, 2020</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1169c4">The Proxy Statement and 2020 Annual Report&nbsp;to Shareholders are available at</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><U>WWW.APPLIED.COM/ACCESS-PROXY</U></B></FONT></P></TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Table of Contents </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="toc"></A>TABLE OF CONTENTS </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

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<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" STYLE="BORDER-TOP:1px solid #a5a5a5">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2" STYLE="BORDER-TOP:1px solid #a5a5a5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Notice of 2020 Annual Meeting of Shareholders and&nbsp;Proxy
Statement</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>02</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_1">Proxy Statement Highlights </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>04</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_2">Introduction and Voting Information </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>06</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_3">ITEM&nbsp;1:&nbsp;Election of Directors </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#1169c4"><B>12</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_4">Corporate Governance </A></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_5">Corporate Governance Documents </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_6">Director Independence</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_7">Director Attendance at Meetings</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_8">Meetings of <FONT STYLE="white-space:nowrap">Non-Management</FONT> Directors</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_9">Board Leadership Structure</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_10">Committees</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">14</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_11">Board&#146;s Role in Risk Oversight</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">14</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_12">Communications with Board of Directors</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">14</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_13">Director Nominations</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5">15</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><A HREF="#tx922255_14">Transactions with Related Persons</A></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#1169c4"><B>16</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_15">Director Compensation</A></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">16</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_16">Compensation Review</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">16</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_17">Components of Compensation Program</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">17</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_18">Stock Ownership Guideline</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5">17</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><A HREF="#tx922255_19">Director Compensation Table </A></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>18</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_20">Holdings of Major Shareholders, Officers, and Directors
</A></B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE>
</DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

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<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="89%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" STYLE="BORDER-TOP:1px solid #a5a5a5">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2" STYLE="BORDER-TOP:1px solid #a5a5a5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#1169c4"><B>19</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_21">Executive Compensation</A></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_22">Compensation Discussion and Analysis</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">35</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_23">Summary Compensation Table</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">37</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_24">Grants of Plan-Based Awards Table</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">38</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_25">Outstanding Equity Awards at Fiscal <FONT STYLE="white-space:nowrap">Year-End</FONT> Table</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">39</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_26">Option Exercises and Stock Vested Table</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">39</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_27">Nonqualified Deferred Compensation</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">40</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_28">Pension Plans</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">41</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx922255_29">Potential Payments upon Termination or Change in Control</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5">50</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><A HREF="#tx922255_30">CEO Pay Ratio Disclosure </A></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>50</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_31">Compensation Committee Report </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>51</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_32">ITEM&nbsp;2:&nbsp;
Advisory (Nonbinding) Vote to Approve Executive Compensation </A></B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>53</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_33">ITEM&nbsp;3:&nbsp;
Vote to Ratify Appointment of Independent Auditors </A></B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>54</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_34">Audit Committee Report </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>55</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_35">Delinquent Section&nbsp;16(a) Reports </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>55</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_36">Shareholder Proposals and Nominee Submissions for 2021 Annual Meeting
 </A></B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4"></TD>
<TD HEIGHT="4" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>55</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_37">Householding Information </A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4"></TD>
<TD HEIGHT="4" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"><FONT COLOR="#1169c4"><B>55</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #a5a5a5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #a5a5a5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A HREF="#tx922255_38">Other Matters&nbsp;</A></B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> </div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="98%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">1</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Proxy Statement Highlights </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_1"></A>PROXY STATEMENT HIGHLIGHTS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The highlights below include information that you will find elsewhere in this proxy statement. The highlights do not contain all of the information that you should
consider, and you should read the entire proxy statement carefully before voting. Information regarding the logistics of the annual meeting is provided beginning on page 4. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Proposals and Board Recommendations </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board
of Directors makes the following voting recommendations to shareholders for the annual meeting: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="77%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Proposal</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Board&#146;s Voting<BR>Recommendation&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Page&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Item&nbsp;1:
Election of Directors</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">FOR&nbsp;each&nbsp;Nominee&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Item&nbsp;2:
Advisory (Nonbinding) Vote to Approve Executive Compensation</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">FOR</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Item&nbsp;3: Vote to Ratify Appointment of Independent&nbsp;Auditors</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">FOR</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Director Nominees </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="56%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Nominee</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Age&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Director&nbsp;Since&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Principal Occupation</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Independent&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Robert J.
Pagano, Jr.</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">57</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">Chief Executive Officer&nbsp;&amp; President, Watts Water Technologies, Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">Yes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Neil A.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">56</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">2011</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">President&nbsp;&amp; Chief Executive Officer, Applied Industrial Technologies, Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">No</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Peter C.
Wallace</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">66</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">2005</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">Former Chief Executive Officer, Gardner Denver, Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">Yes</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Additional information about the nominees and the other continuing directors is provided on pages
<FONT STYLE="white-space:nowrap">6-11.</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Corporate Governance Highlights </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="22%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="77%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Independence</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;The Board Chairman is an independent
director.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;All of the directors
are independent, except for our Chief Executive Officer.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;The independent directors meet
regularly in private executive sessions without management.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;The Board&#146;s Audit Committee,
Corporate Governance Committee, and Executive Organization&nbsp;&amp; Compensation Committee are each composed solely of independent directors.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#FFFFFF"><B>Board Oversight of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#FFFFFF"><B>Risk Management</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;The Board, as a whole and through
its committees, oversees and monitors risk management. In this role, the Board is responsible for determining that the risk management processes designed and implemented by management are adequate and functioning as designed.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Board Evaluations, Refreshment, and Composition</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Our Board and its key committees
perform annual self-evaluations.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;The evaluations contribute to efforts
to ensure that the Board continues to be composed of members with diverse experiences, attributes, and skills.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Most recently, in 2019, following a search, the Board elected Madhuri A. Andrews and Mary Dean Hall as new independent directors.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Five directors are actively employed
public company executives.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Director tenures: range from 1 to 18
years, average of 7 years.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Director ages: range from 53 to 68
years, average of 60 years.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#FFFFFF"><B>Stock Ownership</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#FFFFFF"><B>Guidelines</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;We expect each <FONT STYLE="white-space:nowrap">non-employee</FONT> director to own, within five years after joining the Board, Applied shares valued at a minimum
of five times the annual retainer fees.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Executive officers are expected not
to dispose of stock unless their &#147;owned&#148; shares&#146; market value equals or exceeds the following annual base salary multiples immediately after the disposition: 5x for the CEO, 3x for other executive officers.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Additional information about our corporate governance is provided on pages <FONT STYLE="white-space:nowrap">12-15.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">2&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Proxy Statement Highlights </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Business Performance Highlights </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In 2020, financial results were mixed amid the sharp economic downturn that arose out of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and the responsive
actions of governmental authorities and businesses. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="49%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:18pt">
<TD VALIGN="top" BGCOLOR="#cce2f5"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B>NET SALES</B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>$3.25</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>BILLION</B></FONT></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#cce2f5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#cce2f5"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B>CASH PROVIDED BY</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B>OPERATING ACTIVITIES</B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>$296.7</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#1169c4"><B>MILLION</B></FONT></P> <P STYLE="font-size:24pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:18pt">
<TD VALIGN="middle" BGCOLOR="#cce2f5"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B>NET INCOME</B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>$24.0</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>MILLION</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#cce2f5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#cce2f5"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B>CASH RETURNED TO</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B>SHAREHOLDERS</B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>$48.9</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#1169c4"><B>MILLION</B></FONT></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">While net sales were 6.5% lower than the prior year, cash provided by operating activities increased by 64.3%. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Net income was unfavorably impacted by a $131.0&nbsp;million noncash goodwill impairment charge ($118.8&nbsp;million net of tax) associated with our 2018 acquisition of
FCX Performance, Inc. The third quarter charge was the result of <FONT STYLE="white-space:nowrap">end-market</FONT> softness in our Flow Control operations and changes in growth projections from the macroeconomic backdrop. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Total shareholder return, considering the change in our stock price and reinvested dividends, rose 4% for the year. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For a detailed review of our performance, see Applied&#146;s 2020 Annual Report on Form <FONT STYLE="white-space:nowrap">10-K.</FONT> <B>
</B></P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Executive Compensation Highlights </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Our executive pay is targeted to be competitive with market medians for similar positions in peer distribution industry companies. Actual pay depends in large part on
performance relative to goals and how our stock price performs in response. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The chart below shows the mix of targeted opportunities provided in 2020 to our Chief
Executive Officer, Neil A. Schrimsher, in the forms of base salary, annual incentive pay, and long-term incentive pay (awarded in equity-based instruments). </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g922255dsp05b.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As we prioritized cost control and cash generation in the challenging economic environment, management temporarily reduced its
salaries beginning in <FONT STYLE="white-space:nowrap">mid-April</FONT> and continuing into fiscal 2021, with Mr.&nbsp;Schrimsher&#146;s reduced by 20%; the Board&#146;s Executive Organization&nbsp;&amp; Compensation Committee ratified these
reductions. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The named executive officers earned annual incentive pay at an average of 100.2% of their individual target values. 2020 achievements under the
three-year performance share programs averaged 43.9% of target shares. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For a detailed review of our executive compensation program, see pages <FONT
STYLE="white-space:nowrap">19-50</FONT> of this proxy statement. </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>
 <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Approval of the
Compensation of the Named Executive Officers </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We provide shareholders the opportunity to approve, through a nonbinding, advisory vote, the compensation of
our named executive officers as disclosed in our proxy statement, including, among other things, our executive compensation objectives, policies, and practices. The proposal is described on pages <FONT STYLE="white-space:nowrap">51-52.</FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Ratification of Appointment of Independent Auditors </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Subject to shareholder ratification, the Board&#146;s Audit Committee appointed Deloitte&nbsp;&amp; Touche LLP to serve as independent auditors for the fiscal year
ending June&nbsp;30, 2021. The committee made the appointment after evaluating the firm and its performance. We seek the shareholders&#146; ratification of the appointment as described on page 53. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;">3</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Introduction and Voting Information </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_2"></A>INTRODUCTION AND VOTING INFORMATION </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>In this statement, &#147;we,&#148; &#147;our,&#148; &#147;us,&#148; and &#147;Applied&#148; refer to Applied Industrial Technologies, Inc., an Ohio corporation. Our
common stock, without par value, is listed on the New York Stock Exchange with the ticker symbol &#147;AIT.&#148; </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><FONT STYLE="font-family:ARIAL; font-size:14pt" COLOR="#1169c4">Q:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;What is the proxy statement&#146;s purpose?
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="35" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">The proxy statement summarizes information you need to vote at our 2020 annual meeting of shareholders to be held on
Tuesday, October&nbsp;27, 2020, at 9:00 a.m. ET, at our headquarters, and any adjournment of the meeting. We are sending the proxy statement to you because Applied&#146;s Board of Directors is soliciting your proxy to vote your shares at the
meeting. The proxy statement and accompanying proxy card are being sent to record date shareholders on or about September&nbsp;11, 2020. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><FONT
STYLE="font-family:ARIAL; font-size:14pt" COLOR="#1169c4">Q:</FONT> &nbsp;&nbsp;&nbsp;&nbsp;On what matters are shareholders voting? </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><B><FONT
STYLE="font-family:ARIAL; font-size:14pt">A:</FONT>&nbsp;&nbsp;&nbsp;</B>&nbsp;&nbsp;1.&nbsp;&nbsp;To elect three directors; </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="38">&nbsp;</TD>
<TD WIDTH="19" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">To approve, through a nonbinding advisory vote, the compensation of Applied&#146;s named executive officers as disclosed
in the proxy statement; and, </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="38">&nbsp;</TD>
<TD WIDTH="19" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">To ratify the Audit Committee&#146;s appointment of independent auditors for the fiscal year ending June&nbsp;30, 2020.
</P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>Who may vote and what constitutes a quorum at the meeting? </B></FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="35" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Only shareholders of record at the close of business on August&nbsp;28, 2020, may vote. As of that date, there were
38,758,928 outstanding shares of Applied common stock, without par value. The holders of a majority of those shares will constitute a quorum. A quorum is necessary for valid action to be taken at the meeting. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:25pt; font-size:10pt; font-family:ARIAL">We have no class or series of shares outstanding other than our common stock. </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><FONT
STYLE="font-family:ARIAL; font-size:14pt" COLOR="#1169c4">Q:</FONT> &nbsp;&nbsp;&nbsp;&nbsp;How many votes do I have? </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="40" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Each shareholder is entitled to one vote per share. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><FONT STYLE="font-family:ARIAL; font-size:14pt" COLOR="#1169c4">Q:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;How do I vote? </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="35" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">The answer depends on whether you hold shares directly in your name, or through a broker, trustee, or other nominee,
such as a bank. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="32">&nbsp;</TD>
<TD WIDTH="13" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT></TD>
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<TD ALIGN="left" VALIGN="top"><B><I>Shareholder of record. </I></B>If your shares are registered in your name with our registrar, Computershare Trust&nbsp;Company, N.A., you are the
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shareholder of record and these proxy materials have been sent directly to you. You may vote in person at the meeting. You may also grant us your proxy to vote your shares via the Internet, by
phone, or by mailing your signed proxy card in the postage-paid envelope provided. The card provides voting instructions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="13" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT></TD>
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<TD ALIGN="left" VALIGN="top"><B><I>Beneficial owner. </I></B>If your shares are held in a brokerage account, or by a trustee or another nominee, then that other person is considered the shareholder of record. We sent these proxy materials to that
person, and they were forwarded to you with a voting instructions card. As the shares&#146; beneficial owner, you may direct your broker, trustee, or other nominee how to vote, and you are also invited to attend the meeting. Please refer to the
information your broker, trustee, or other nominee provided to determine what voting options are available to you. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="29">&nbsp;</TD>
<TD WIDTH="13" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Beneficial owner of shares held in Applied&#146;s Retirement Savings Plan. </I></B>If you own shares in this plan, you may provide the plan trustee with instructions on how to vote your shares via the Internet, by
phone, or by mailing in your signed voting instructions card. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22pt; font-size:9.5pt; font-family:ARIAL">Votes submitted online or by phone for shares held in the Retirement
Savings Plan must be received by Thursday, October&nbsp;22, 2020; votes online or by phone for other shares must be received by Monday, October&nbsp;26, 2020. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22pt; font-size:9.5pt; font-family:ARIAL">If you attend the meeting and vote in person, a ballot will be available when you arrive. If, however, your shares are held in the name of your
broker, trustee, or other nominee, you must bring a valid proxy from that party giving you the right to vote the shares. </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><FONT
STYLE="font-family:ARIAL; font-size:14pt" COLOR="#1169c4">Q:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;What if I don&#146;t indicate my voting choices? </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="35" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">If Applied receives your proxy in time to use at the meeting, your shares will be voted according to your instructions.
If you have not indicated otherwise on the proxy, your shares will be voted as the Board of Directors recommends on the matters identified above. In addition, the proxies will vote your shares according to their judgment on other matters properly
brought before the meeting. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">4&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;Introduction and Voting Information </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>What effect do abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> have?
</B></FONT></P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="29" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Brokers holding shares for beneficial owners must vote the shares according to the owners&#146; instructions. If
instructions are not received, then brokers may vote the shares at their discretion, except if New York Stock Exchange (&#147;NYSE&#148;) rules preclude brokers from exercising discretion relative to a specific type of proposal &#150; in this case,
the result is a &#147;broker <FONT STYLE="white-space:nowrap">non-vote.&#148;</FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:22pt; font-size:9.5pt; font-family:ARIAL">Abstentions and broker <FONT
STYLE="white-space:nowrap">non-votes</FONT> will affect voting at the meeting as follows: </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="29">&nbsp;</TD>
<TD WIDTH="19" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Item</I></B><B><I></I></B><B><I>&nbsp;1. </I></B>Broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will not affect the vote&#146;s outcome because, under Ohio law, the properly nominated director candidates
receiving the greatest number of votes will be elected. </TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="29">&nbsp;</TD>
<TD WIDTH="19" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Item</I></B><B><I></I></B><B><I>&nbsp;2. </I></B>Approval of the company&#146;s executive compensation requires that more votes be cast for than against the proposal. Abstentions and broker <FONT
STYLE="white-space:nowrap">non-votes</FONT> will not affect the outcome. </TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29">&nbsp;</TD>
<TD WIDTH="19" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Item</I></B><B><I></I></B><B><I>&nbsp;3. </I></B>The affirmative vote of a majority of the votes cast at the meeting is required to ratify the Audit Committee&#146;s appointment of independent auditors. In
determining votes cast on the item, abstentions will not count as votes cast and, accordingly, will not affect the outcome. Brokers have discretionary authority to vote on Item&nbsp;3, so there should be no broker
<FONT STYLE="white-space:nowrap">non-votes</FONT> on that item. </TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>What happens if a director candidate receives less than a majority of the votes cast?
</B></FONT></P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:10pt"><B><FONT STYLE="font-size:14pt">A:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Applied has adopted a policy applicable to uncontested director elections. If a nominee receives a greater number of
votes &#147;withheld&#148; than votes &#147;for&#148; election, then promptly following certification of the shareholder vote the nominee shall submit, in writing, to the Board&#146;s Chairman, the nominee&#146;s resignation as a director. The
Chairman shall promptly communicate the submission to the Board&#146;s Corporate Governance Committee. Notwithstanding the resignation, the Corporate Governance Committee may recommend to the Board that the nominee be asked to serve as a director
for the term of election and under such arrangements as are approved by the committee. If the committee fails to make such a recommendation within 30 days following certification of the shareholder vote, or if the committee earlier determines to
accept the resignation, the director&#146;s resignation shall be effective as of that date. If the committee
</P></TD></TR></TABLE></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="30">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9.5pt">
recommends the director be asked to serve the term notwithstanding the majority withheld vote, the Board shall act promptly (and in any event, within 90 days following certification of the
shareholder vote) on the recommendation. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22pt; font-size:9.5pt; font-family:ARIAL">Additional information about the policy is included in Applied&#146;s Board of
Directors Governance Principles and Practices, available via hyperlink from the investor relations area of Applied&#146;s website at www.applied.com. </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>What does it mean if I receive multiple sets of proxy materials?
</B></FONT></P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Receiving multiple sets usually means your shares are held in different names or different accounts. Please respond to
all of the proxy solicitation requests to ensure your shares are voted. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>May I revoke my proxy? </B></FONT></P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">You may revoke your proxy before it is voted at the meeting by notifying Applied&#146;s Secretary in writing, voting a
second time via the Internet or by telephone, returning a later-dated proxy card, or voting in person. Your presence at the meeting will not by itself revoke the proxy. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>Who pays the costs of soliciting proxies? </B></FONT></P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Applied pays the costs. We will also pay the standard charges and expenses of brokers or other nominees for forwarding
these materials to, and obtaining proxies from, beneficial owners. Directors, officers, and other employees, acting on our behalf, may solicit proxies. We have also retained Morrow Sodali LLC, at an estimated fee of $7,500 plus expenses, to aid in
soliciting proxies from brokers and institutional holders. In addition to using the mail, proxies may be solicited personally and by telephone, facsimile, or other electronic means. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><FONT COLOR="#1169c4"><B><FONT STYLE="font-size:14pt" COLOR="#1169c4">Q:</FONT></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1169c4"><B>Who counts the votes? </B></FONT></P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="29" VALIGN="top" ALIGN="left"><B><FONT STYLE="font-size:14pt">A:</FONT></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL; " ALIGN="left">Computershare Trust Company, N.A., will be the inspector of election and tabulate votes.
</P></TD></TR></TABLE></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">5</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Election of Directors </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_3"></A>ITEM&nbsp;1: ELECTION OF DIRECTORS </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied&#146;s Code of Regulations divides our Board into three classes. The directors in each class are elected for three-year terms so that the term of one class
expires at each annual meeting. At the 2020 annual meeting, the shareholders will elect directors for a three-year term expiring in 2023 or until their successors have been elected and qualified. Pursuant to Ohio law, the properly nominated
candidates receiving the greatest number of votes will be elected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Corporate Governance Committee recommended, and the Board nominated, three incumbents for
election as directors: Robert J. Pagano, Jr., Neil A. Schrimsher, and Peter C. Wallace. Each nominee was most recently elected at the 2017 annual meeting. Their terms expire this year and the Board renominated them following the Corporate Governance
Committee&#146;s review and evaluation of their performance. Directors serving terms expiring in 2021 and 2022 will continue in office. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The proxies named on the
proxy card accompanying the materials sent to shareholders of record intend to vote for the three nominees unless authority is withheld. If a nominee becomes unavailable to serve, the proxies will have authority to vote for any other person or
persons who may be properly nominated and/or to reduce the number of directors. We are not aware of an existing circumstance that would cause a nominee to be unavailable to serve. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR BGCOLOR="#b2d4f0" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>The Board of Directors recommends you vote FOR the director
nominees.</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Following is background information about the nominees and the continuing directors. <I>Unless otherwise stated, the individuals have
held the positions indicated for at least the last five years. </I>We also include a summary of reasons our Board concluded that the director or nominee should serve as a director, considering our business and governance structure. The summaries are
not comprehensive, but describe the primary experiences, attributes, and skills that the Board believes qualify the individuals to continue as directors. In addition to the qualifications referred to below, we believe each individual has a
reputation for integrity, honesty, and high ethical standards, and has demonstrated strong business judgment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">6&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;Election of Directors </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Nominees for Election as Directors with Terms Expiring in 2023 </B></FONT></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="font-size:1px; ">
<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">


<IMG SRC="g922255dsp009a.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Robert J. Pagano, Jr.</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Chief Executive Officer and President,<BR>Watts Water Technologies, Inc.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 57</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2017</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Audit</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Corporate Governance</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Executive Organization&nbsp;&amp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g922255dsp009b.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Neil A. Schrimsher</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">President&nbsp;&amp; Chief Executive Officer,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Applied Industrial Technologies, Inc.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 56 <B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2011<B></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committee:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Executive</P>
<P STYLE="font-size:36pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Mr.&nbsp;Pagano has served as Chief
Executive Officer and President of Watts Water Technologies, Inc. (NYSE: WTS) since 2014. Watts Water Technologies, Inc. is a global supplier of products and solutions that manage and conserve the flow of fluids and energy into, through, and out of
buildings in the residential and commercial markets. He also served as interim Chief Financial Officer from April to July 2018. Mr.&nbsp;Pagano began his career with an international public accounting firm and he is a Certified Public
Accountant.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Directorship in Previous 5</B><B></B><B>&nbsp;Years:</B> Watts Water
Technologies, Inc.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications: </B>Mr.&nbsp;Pagano brings to Applied&#146;s Board his
broad management experience as a sitting chief executive officer and director of a NYSE-listed global manufacturing company. In addition, his career includes extensive leadership and operations experience, working with distributors to serve
industrial markets throughout the world, as well as a strong background in finance and accounting.</P></TD>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Mr.&nbsp;Schrimsher joined Applied as our
Chief Executive Officer in 2011 and was also elected President in 2013. Before joining Applied, Mr.&nbsp;Schrimsher was Executive Vice President of Cooper Industries plc (formerly NYSE: CBE), a global electrical products manufacturer, where he led
Cooper&#146;s Electrical Products Group and headed numerous domestic and international growth initiatives.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Directorship in Previous 5</B><B></B><B>&nbsp;Years:</B> Patterson Companies, Inc. (NASDAQ: PDCO)</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications:</B> As the only Applied executive to serve on the Board, Mr.&nbsp;Schrimsher
contributes a deep understanding of the company&#146;s businesses, markets, and competitive landscape. From his prior employment, Mr.&nbsp;Schrimsher brought to Applied and its Board broad leadership experience, including management of worldwide
operations, distribution management, strategic planning and analysis, manufacturing, engineering, supply chain management, and sourcing.</P></TD></TR>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Election of Directors </P>
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<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>&nbsp;&nbsp;&nbsp;&nbsp;Nominees for Election as Directors with</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>&nbsp;&nbsp;&nbsp;&nbsp;Terms Expiring in 2023 </B><B><I>(continued)</I></B><B> </B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>&nbsp;&nbsp;&nbsp;&nbsp;Continuing Directors with Terms</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>&nbsp;&nbsp;&nbsp;&nbsp;Expiring in 2021</B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>


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<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Peter C. Wallace</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Former Chief Executive Officer, Gardner Denver, Inc.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 66</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2005</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Chairman since:</B> 2014</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Corporate Governance</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Executive&nbsp;Organization&nbsp;&amp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT
STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Executive</P> <P STYLE="font-size:36pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Madhuri A. Andrews</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Senior Vice President, Chief Digital and Information Officer, Jacobs Engineering Group Inc.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 53</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2019</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Audit</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9679;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Corporate Governance</P>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Mr. Wallace most recently was Chief
Executive Officer of Gardner Denver, Inc. from 2014 until retiring in December 2015. Gardner Denver is a worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps, and blowers for various industrial, medical,
environmental, transportation, and process applications, pumps used in the petroleum and industrial market segments, and other fluid transfer equipment. Prior to joining Gardner Denver, Mr. Wallace was President and Chief Executive Officer, and a
director, of Robbins &amp; Myers, Inc. (formerly NYSE: RBN), from 2004 until it was acquired in 2013 by National Oilwell Varco, Inc. Robbins &amp; Myers was a leading designer, manufacturer, and marketer of highly engineered, application-critical
equipment and systems for energy, chemical, pharmaceutical, and industrial markets worldwide.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Directorship</B><B>s</B><B> in Previous 5&nbsp;Years</B><B>:</B> Curtiss-Wright Corporation (NYSE: CW; since 2016), Rogers Corporation (NYSE: ROG)</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications:</B><B> </B>Mr. Wallace has a wide and varied background as a senior executive in
global industrial equipment manufacturing. He brings to the Board the perspective of someone familiar with all facets of worldwide business operations, including the experience of leading a NYSE-listed company. Mr. Wallace&#146;s career includes
positions with global responsibilities for equipment manufacturers with product lines that Applied (and others) represented as a distributor in the fluid power and power transmission component fields. In those roles, he developed significant
knowledge about Applied&#146;s industry, including the dynamics of the relationships between industrial product manufacturers and their distributors. These experiences and knowledge, along with his service on other NYSE-listed company boards,
enhance Mr. Wallace&#146;s contributions and value to our Board.</P></TD>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Ms.&nbsp;Andrews has served as Senior
Vice President, Chief Digital and Information Officer for Jacobs Engineering Group Inc. (NYSE: J) since June 2019 and had been Senior Vice President and Chief Information Officer from August 2018 to June 2019. Jacobs Engineering Group is one of the
largest technical professional services firms in the world, providing a diverse range of technical, professional, and construction services to a large number of industrial, commercial, and governmental clients. From 2015 to August 2018, she was
Chief Information Officer at DynCorp International LLC, a global aviation, logistics, intelligence, and field operations service provider. Prior to then, she was Senior Vice President and Chief Information Officer at CompuCom Systems, Inc., an
information technology managed services company.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications: </B>Ms.&nbsp;Andrews is a
business-focused technology executive with broad experience leading business and information technology transformation as well as global digital strategies for major firms across a variety of industries. She has led operational business continuity
and technology-related transformation projects for organizations through acquisitions and divestitures, achieving synergies and eliminating stranded costs. Ms.&nbsp;Andrews also has practical experience optimizing and integrating governance, risk,
and compliance (GRC) frameworks, processes, and technologies in complex regulatory and industry environments. Her skills and experience in these areas position her to be an important contributor to Applied&#146;s Board.</P></TD></TR>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Election of Directors </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1%; text-indent:0%; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Continuing Directors with Terms Expiring in 2021
</B><I>(continued)</I><B> </B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Peter A. Dorsman</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Former Executive Vice
President,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Services,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">NCR Corporation</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 65</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2002</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees</B>:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Corporate Governance</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Executive&nbsp;Organization &amp;
Compensation</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Executive</P></TD>
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<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Vincent K. Petrella</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Former Executive Vice President,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Chief Financial Officer and Treasurer,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Lincoln Electric Holdings, Inc.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 60</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2012</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees</B>:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Audit</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Corporate Governance</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Executive&nbsp;Organization&nbsp;&amp;&nbsp;Compensation</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Executive</P>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Mr.&nbsp;Dorsman retired from NCR
Corporation (NYSE: NCR) in 2014. NCR is a global technology company providing assisted and self-service solutions and comprehensive support services that address the needs of retail, financial, hospitality, technology, and telecommunication
organizations throughout the world. As Executive Vice President, Services, Mr.&nbsp;Dorsman led NCR Services, a leading global provider of outsourced and managed service offerings. He was also responsible for customer experience, continuous
improvement, and quality throughout NCR, serving as Chief Quality Officer during this period. Prior to then, he served as NCR&#146;s Executive Vice President, Industry Solutions Group and Global Operations, and as Senior Vice President, Global
Operations.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Directorship in Previous 5 Years:</B><B> </B>HD Supply Holdings, Inc.
(NASDAQ: HDS; since 2017)</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications:</B><B> </B>Mr.&nbsp;Dorsman has broad experience
in marketing, sales, strategy, and operations. At NCR, a multibillion-dollar company, he led 11,000 service professionals serving customers in over 90&nbsp;countries. He also led NCR&#146;s efforts to provide consistent, world-class service
delivery, products, and solutions. With his diverse background and expertise, he contributes insights about many aspects of our business operations and initiatives.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Mr.&nbsp;Petrella retired from Lincoln
Electric Holdings, Inc. (NASDAQ: LECO) in August 2020 as Executive Vice President. He also served as Chief Financial Officer and Treasurer until April 2020. Lincoln Electric engages in the design, manufacture, and sale of welding, cutting, and
brazing products worldwide.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Directorship in Previous 5&nbsp;Years</B><B>:</B> The
Gorman-Rupp Company (NYSE: GRC; since 2020)</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications:</B> As one of Lincoln
Electric&#146;s top executives, Mr.&nbsp;Petrella helped lead the company&#146;s global expansion in recent decades. His leadership and operating experience, and his knowledge of industrial distribution in North America and abroad, make him a key
contributor to discussions about Applied&#146;s strategy. In addition, Mr.&nbsp;Petrella&#146;s finance and accounting background (before joining Lincoln Electric he was a Certified Public Accountant with an international public accounting firm) and
his service as Chief Financial Officer for a multibillion-dollar public company make him a valued member of the Board and chairman of the Audit Committee.</P></TD></TR>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;">9</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Election of Directors </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1%; text-indent:0%; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Continuing Directors with Terms Expiring in 2022
</B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g922255dsp12a.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Mary Dean Hall</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Senior Vice President, Chief
Financial Officer and Treasurer,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Quaker Houghton</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 63</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2019</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees</B>:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Audit</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Corporate Governance</P></TD>
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<IMG SRC="g922255dsp12b.jpg" ALT="LOGO">
</TD>
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<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Dan P. Komnenovich</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Former President and Chief</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Executive Officer,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Aviall, Inc.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 68</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2012</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees</B>:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Audit</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Corporate Governance</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:10pt">
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Ms.&nbsp;Hall has served as Senior Vice
President, Chief Financial Officer and Treasurer of Quaker Houghton (NYSE: KWR) since August 2019 and had served as Vice President, Chief Financial Officer and Treasurer prior to then, since November 2015. Quaker Houghton is the global leader in
industrial process fluids for the primary metals and metalworking markets. Before then, she served in various finance and treasury roles of increasing responsibility with Eastman Chemical Company (NYSE: EMN), a global manufacturer of advanced
materials, specialty chemicals, plastics, and fibers, most recently as Vice President and Treasurer.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications:</B> Ms.&nbsp;Hall brings to Applied a well-rounded background in public company accounting and reporting, financial planning and analysis, tax,
treasury, corporate development/M&amp;A, investor relations, and enterprise risk management. In addition, her career began in the banking industry, where she developed expertise in M&amp;A, capital markets, and financing. Ms.&nbsp;Hall&#146;s skills
and experience in these areas position her to be an important contributor to Applied&#146;s Board.</P></TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Until retiring in 2013,
Mr.&nbsp;Komnenovich was President and Chief Executive Officer of Aviall, Inc., a wholly owned subsidiary of The Boeing Company (NYSE: BA). Aviall, now operating under the Boeing brand, is one of the world&#146;s largest providers of new aviation
parts and related aftermarket operations. It also provides maintenance for aviation batteries, wheels, and brakes, as well as hose assembly, kitting, and paint-mixing services, and offers a complete set of supply chain and logistics services,
including order processing, stocking and fulfillment, automated inventory management, and reverse logistics to OEMs and customers.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications: </B>Mr.&nbsp;Komnenovich led a global multibillion-dollar distribution company, which grew significantly during his service as a senior executive. He
brings to our Board extensive experience with distribution sales, marketing, operations, supply chain management, and logistics. Earlier in his career, Mr.&nbsp;Komnenovich was a Certified Public Accountant and served in finance and accounting roles
with various companies.</P></TD></TR>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">10&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Election of Directors </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.31em; text-indent:0.08em; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Continuing Directors with Terms Expiring in 2022
</B><I></I><B><I>(continued)</I></B><I></I><B></B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<IMG SRC="g922255dsp13a.jpg" ALT="LOGO">
</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Joe A. Raver</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">President and Chief Executive
Officer, Hillenbrand, Inc.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Age:</B> 54</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Director since:</B> 2017</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Committees:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Corporate Governance</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8201;&#8202;Executive Organization&nbsp;&amp;
Compensation</P></TD>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Business Experience:</B> Mr.&nbsp;Raver has served as President
and Chief Executive Officer of Hillenbrand, Inc. (NYSE: HI) since 2013. Hillenbrand is a diversified industrial company with multiple brands that serve a range of industries across the globe. The company&#146;s Process Equipment Group provides
compounding, extrusion and material handling; size reduction; screening and separating, and flow control products and services for a range of manufacturing and other industrial processes.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Directorship in Previous 5</B><B></B><B>&nbsp;Years:</B> Hillenbrand, Inc.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><B>Qualifications:</B> Mr.&nbsp;Raver brings to Applied&#146;s Board his broad management
experience as a sitting chief executive officer and director of a NYSE-listed global manufacturing company serving industrial markets worldwide. In addition, his career includes extensive leadership and operations experience in diverse business
settings.</P></TD>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;">11</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Corporate Governance </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_4"></A>CORPORATE GOVERNANCE </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_5"></A>Corporate Governance Documents </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied&#146;s Internet address is <I>www.applied.com</I>. The following corporate governance documents are available free of charge via hyperlink from the
website&#146;s investor relations area: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Code of Business Ethics, </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Board of Directors Governance Principles and Practices, </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Director Independence Standards,&nbsp;and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Charters for the Audit, Corporate Governance, and Executive Organization&nbsp;&amp; Compensation Committees of our Board.
</P></TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_6"></A>Director Independence </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Under the NYSE corporate governance listing standards, a majority of Applied&#146;s directors must satisfy the NYSE criteria for independence. In addition to having to
satisfy stated minimum requirements, no director qualifies under the standards unless the Board affirmatively determines the director has no material relationship with Applied. In assessing a relationship&#146;s materiality, the Board has adopted
categorical standards, which may be found via hyperlink from our website&#146;s investor relations area. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board has determined that all directors other than
Mr.&nbsp;Schrimsher, our President&nbsp;&amp; Chief Executive Officer, meet these independence standards. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_7"></A>Director Attendance at Meetings </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">During the fiscal year ended June&nbsp;30, 2020, the Board held five meetings. Each incumbent director attended at least 75% of the total number of meetings of the Board
and the committees on which the director served. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied expects directors to attend the annual meeting of shareholders, just as they are expected to attend Board
meetings. All the directors attended last year&#146;s annual meeting. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_8"></A>Meetings of
<FONT STYLE="white-space:nowrap">Non-Management</FONT> Directors </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">At the Board&#146;s regular meetings, the
<FONT STYLE="white-space:nowrap">non-management</FONT> directors meet in executive sessions without management. Mr.&nbsp;Wallace, the Board&#146;s independent Chairman, calls and presides at the sessions. On the independent directors&#146; behalf,
the Chairman provides feedback to management from the sessions, collaborates with management in developing Board meeting schedules and agendas, and performs other duties as determined by the Board or the Corporate Governance Committee. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_9"></A>Board Leadership Structure </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board periodically evaluates its leadership structure under circumstances existing at the time. In 2011, the Board concluded it would be in the best interests of
Applied and its shareholders to separate the positions of Chairman and Chief Executive Officer (&#147;CEO&#148;) and to have an independent director serve as Chairman. Mr.&nbsp;Wallace currently serves as Chairman. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board believes its current leadership structure best serves the Board&#146;s oversight of management, the Board&#146;s carrying out of its responsibilities on the
shareholders&#146; behalf, and Applied&#146;s overall corporate governance. The Board also believes the separation of the roles allows the CEO to focus his efforts on operating and managing the company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_10"></A>Committees </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The
Board&#146;s Audit, Corporate Governance, and Executive Organization&nbsp;&amp; Compensation Committees are composed solely of independent directors, as defined in NYSE listing standards and Applied&#146;s categorical standards, and, in the case of
the Audit Committee, under federal securities laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">12&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Corporate Governance </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The committee members&#146; names and number of meetings held in fiscal 2020 follow: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Audit</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Committee</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B><I>4 meetings</I></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Corporate&nbsp;Governance</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Committee</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B><I>4 meetings</I></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Executive&nbsp;Organization&nbsp;&amp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Compensation&nbsp;Committee</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B><I>6 meetings</I></B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Vincent K. Petrella,
Chair</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Peter C. Wallace, Chair</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt">Peter A. Dorsman, Chair</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Madhuri A.
Andrews</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Madhuri A. Andrews</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt">Robert J. Pagano, Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Mary Dean
Hall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Peter A. Dorsman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt">Vincent K. Petrella</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Dan P.
Komnenovich</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Mary Dean Hall</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt">Joe A. Raver</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Robert J. Pagano,
Jr.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Dan P. Komnenovich</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt">Peter C. Wallace</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Robert J. Pagano, Jr.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; padding-left:8pt"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5">Vincent K. Petrella</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4; padding-left:8pt"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">Joe A. Raver</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We describe the committees below. Their charters, posted via hyperlink from the investor relations area of Applied&#146;s website,
contain descriptions that are more detailed. The Board also has a standing Executive Committee which, during intervals between Board meetings and subject to the Board&#146;s control and direction, possesses and may exercise the Board&#146;s powers.
The Executive Committee, whose members include the Chairman, the CEO, and the committee chairs, did not meet in fiscal 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B></B><B><I>Audit Committee.</I></B><B></B></FONT><FONT STYLE="font-family:ARIAL; font-size:10pt"> The Audit Committee assists the Board in fulfilling its oversight responsibility with
respect to the integrity of Applied&#146;s accounting, auditing, and reporting processes. The committee appoints, determines the compensation of, evaluates, and oversees the work of the independent auditor, reviews the auditor&#146;s independence,
and approves <FONT STYLE="white-space:nowrap">non-audit</FONT> work to be performed by the auditor. The committee also reviews, with management and the auditor, annual and quarterly financial statements, the scope of the independent and internal
audit programs, audit results, and the adequacy of Applied&#146;s internal accounting and financial controls. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board has determined that each Audit
Committee member is independent for purposes of section&nbsp;10A of the Securities Exchange Act of 1934 and that Ms.&nbsp;Hall and Messrs.&nbsp;Petrella, Komnenovich, and Pagano are &#147;audit committee financial experts,&#148; as defined in
Item&nbsp;407(d)(5) of Securities and Exchange Commission (&#147;SEC&#148;) <FONT STYLE="white-space:nowrap">Regulation&nbsp;S-K.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Audit Committee&#146;s
report is on page&nbsp;54 of this proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B><I>Corporate Governance
Committee.</I></B></FONT><FONT STYLE="font-family:ARIAL; font-size:10pt"> The Corporate Governance Committee assists the Board by reviewing and evaluating potential director nominees, Board and CEO performance, Board governance, director
compensation, compliance with laws, public policy matters, and other issues. The committee also administers long-term incentive awards to directors under the 2019 Long-Term Performance Plan. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B></B><B><I>Executive Organization</I></B><B></B><B><I></I></B><B></B><B><I>&nbsp;&amp; Compensation
Committee.</I></B><B></B></FONT><FONT STYLE="font-family:ARIAL; font-size:10pt"> The Executive Organization&nbsp;&amp; Compensation Committee monitors and oversees Applied&#146;s management succession planning and leadership development processes,
nominates candidates for the slate of officers to be elected by the Board, and reviews, evaluates, and approves executive officers&#146; compensation and benefits. The committee also administers incentive awards to executives under the 2019
Long-Term Performance Plan, including the annual Management Incentive Plan. Pay Governance LLC serves as the committee&#146;s independent executive compensation consultant. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In approving executive officers&#146; compensation and benefits, the committee bases its decisions on a number of considerations, including the following: the
committee&#146;s own reasoned judgment; peer group and market survey information; recommendations provided by the independent consultant; and recommendations from Applied&#146;s CEO as to the other executive officers&#146; compensation and benefits.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For more information on the committee, please read, beginning on page&nbsp;19, the &#147;Compensation Discussion and Analysis&#148; portion of this proxy
statement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Corporate Governance </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_11"></A>Board&#146;s Role in Risk Oversight </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Risk is inherent in every enterprise, and Applied faces many risks of varying size and intensity. While management is responsible for <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">day-to-day</FONT></FONT> management of those risks, the Board, as a whole and through its committees, oversees and monitors risk management. In this role, the Board is responsible for determining that the risk management
processes designed and implemented by management are adequate and functioning as designed. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board believes that robust communication with management is essential
for risk management oversight. Senior management attends quarterly Board meetings and responds to directors&#146; questions or concerns about risk management and other matters. At these meetings, management regularly presents to the Board on
strategic matters involving our operations, and the directors and management engage in dialogue about the company&#146;s strategies, challenges, risks, and opportunities. Each year, management reports more broadly on the company&#146;s enterprise
risk management process. The <FONT STYLE="white-space:nowrap">non-management</FONT> directors also meet regularly in executive session without management to discuss a variety of topics, including risk. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">While the Board is ultimately responsible for risk oversight, the committees assist the Board in the areas described below, with each committee chair presenting reports
to the Board regarding the committee&#146;s deliberations and actions. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Audit Committee assists with respect to risk management in the areas of financial reporting, internal controls, and
compliance with legal and regulatory requirements. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Executive Organization&nbsp;&amp; Compensation Committee assists with respect to management of risks related to
executive succession and retention, and arising from our executive compensation policies and programs. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Corporate Governance Committee assists with respect to management of risks associated with Board organization and
membership, and other corporate governance matters, as well as company culture and ethical compliance. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We have assessed the risks arising from
Applied&#146;s compensation policies and practices for employees, including the executive officers. The findings were reviewed with the Executive Organization&nbsp;&amp; Compensation Committee. Based on the assessment, we believe our compensation
policies and practices do not encourage excessive risk-taking and are not reasonably likely to have a material adverse effect on Applied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_12">
</A>Communications with Board of Directors </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Shareholders and other interested parties may communicate with a director by writing to that individual
c/o&nbsp;Applied&#146;s Secretary at 1 Applied Plaza, Cleveland, Ohio 44115. In addition, they may contact the <FONT STYLE="white-space:nowrap">non-management</FONT> directors or key Board committees by
<FONT STYLE="white-space:nowrap">e-mail,</FONT> anonymously if desired, through a form located in the investor relations area of Applied&#146;s website at www.applied.com. The Board has instructed Applied&#146;s Secretary to review the
communications and to exercise judgment not to forward correspondence such as routine business inquiries and complaints, business solicitations, and frivolous communications. The Secretary delivers summary reports on the nature of all of the
communications to the Audit Committee and the Corporate Governance Committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_13"></A>Director Nominations
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In identifying and evaluating director candidates, the Corporate Governance Committee first considers Applied&#146;s developing needs and desired
characteristics of a new director, as determined from time to time by the committee. The committee then considers various candidate attributes, including the following: business, strategic, and financial skills; independence, integrity, and time
availability; diversity of gender, race, and other personal characteristics; and overall experience in the context of the Board&#146;s needs. From time to time, the committee engages a professional search firm, to which it pays a fee, to assist in
identifying and evaluating potential nominees; in 2019, such a firm assisted the committee with the selection of Ms.&nbsp;Andrews and Ms.&nbsp;Hall. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The committee
will also consider qualified director candidates recommended by shareholders. Shareholders can submit recommendations by writing to Applied&#146;s Secretary at 1 Applied Plaza, Cleveland, Ohio 44115. For consideration by the committee in the annual
director nominating process, shareholders must submit recommendations at least 120&nbsp;days prior to the anniversary of the date on which our proxy statement was released to </P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Corporate Governance </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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shareholders in connection with the previous year&#146;s annual meeting. Shareholders must include appropriate detail regarding the shareholder&#146;s identity and the candidate&#146;s business,
professional, and educational background, diversity considerations, and independence. The committee does not intend to evaluate candidates proposed by shareholders differently than other candidates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_14"></A>Transactions with Related Persons </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied&#146;s Code of Business Ethics expresses the principle that situations presenting a conflict of interest must be avoided. In furtherance of this principle, the
Board has adopted a written policy, administered by the Corporate Governance Committee, for the review and approval, or ratification, of transactions with related persons. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The related party transaction policy applies to a proposed transaction in which Applied is a participant, the aggregate amount involved exceeds $50,000 in a fiscal year,
and a director, executive officer or significant shareholder, or an immediate family member of such a person, has a direct or indirect material interest. The policy provides that the Corporate Governance Committee will consider, among other things,
whether the transaction is on terms no less favorable than those provided to unaffiliated third parties under similar circumstances, and the extent of the related person&#146;s interest. No director may participate in discussion or approval of a
transaction for which the director is a related person. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Warren E. Hoffner, our Vice President, General Manager &#150; Fluid Power&nbsp;&amp; Flow Control, is an
executive officer. Mr.&nbsp;Hoffner joined the company in 1996 when we acquired a distribution business owned by him and his father. Two related party lease arrangements have survived from the acquisition and been renewed from time to time:
(1)&nbsp;we lease a building from a company owned 50% by Mr.&nbsp;Hoffner&#146;s father (who retired at the time of the acquisition) at a current rental rate of $150,308 per year, with a term expiring in 2026; and (2)&nbsp;we lease a second building
from Mr.&nbsp;Hoffner&#146;s father at a current rental rate of $124,258 per year, also with a term expiring in 2026. Applied management, using a third-party broker, negotiates the rental rates and other lease terms and we consider them market
competitive. Following a review, the Corporate Governance Committee ratified the lease transactions. </P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">15</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Director Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_15"></A>DIRECTOR COMPENSATION </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Only <FONT STYLE="white-space:nowrap">non-employee</FONT> directors receive compensation for service as directors. Mr.&nbsp;Schrimsher, our President&nbsp;&amp; Chief
Executive Officer, does not receive additional compensation for serving as a director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_16"></A>Compensation Review
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Corporate Governance Committee reviews director compensation annually. The committee seeks to provide competitive compensation to assist with
director retention and recruitment. If the committee believes a change is warranted to remain competitive considering the size and nature of our business, then the committee makes a recommendation to the Board of Directors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The committee bases its recommendations on a number of considerations including market data on director compensation, as reported in other companies&#146; SEC filings,
advice from outside experts, and the committee&#146;s own reasoned judgment. In general, the committee targets median director compensation levels for comparably sized companies in similar industries, considering also the time commitments required
of directors. A majority of the directors must approve a change. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Management assists the committee by preparing analyses at its request, but does not play a role in
determining or recommending the amount or form of director compensation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The 2019 Long-Term Performance Plan limits director compensation (cash and equity) to
$750,000 per annum per director, consistent with evolving best practices. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_17"></A>Components of Compensation Program
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The director compensation program&#146;s primary components follow: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><I>Quarterly Retainers. </I></B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Position</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Quarterly Retainer ($)</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Each <FONT
STYLE="white-space:nowrap">Non-Employee</FONT> Director</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">23,750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Board
Chairman</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">Additional 17,500</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Audit
Committee Chair</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">Additional 5,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Corporate
Governance Committee Chair</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">Additional 3,125 (1)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Executive
Org.&nbsp;&amp; Comp. Committee Chair</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">Additional 3,750</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left">The Board discontinued the Corporate Governance Committee chair retainer in October 2019 when the committee roster was
reconstituted to include all of the independent directors, with Mr.&nbsp;Wallace, the Board Chairman, serving as committee chair. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In April 2020,
in support of Applied&#146;s response to the impacts of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic, the Board temporarily reduced the quarterly retainer amounts referenced above by 20%. The table on page 17 reflects actual fees
earned during the year. The temporary reductions have continued into fiscal 2021. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Long-Term
Incentives.</FONT> </I></B>Annually, the Corporate Governance Committee considers long-term incentive awards to directors. In January 2020, the committee awarded each director 1,881 restricted shares under the 2019 Long-Term Performance Plan. To
reduce the impact of short-term stock price volatility, the method for determining the shares&#146; targeted value uses an average closing share price for 90 trading days prior to the grant. The targeted value represented a little more than half of
each director&#146;s total compensation (excluding retainers paid to directors with extra duties), approximating typical practices of other companies. The shares vest one year after the grant date, subject to conditions as to forfeiture and
acceleration of vesting. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Other Benefits.</FONT> </I></B>Applied reimburses directors for travel expenses for
attending meetings, as well as for attending director education seminars and conferences. The directors also participate in our travel accident insurance plan. </P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">16&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Director Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">
Contributory health care coverage is available to directors who joined the Board before 2011; Mr.&nbsp;Wallace is the only director who participated in 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_18"></A>Stock Ownership Guideline </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied expects each <FONT STYLE="white-space:nowrap">non-employee</FONT> director to own, within five years after joining the Board, Applied shares (not including
unexercised stock options) valued at a minimum of five times the annual retainer fees, or $475,000, excluding the impact of the temporary retainer reductions. The Board believes this ownership guideline is consistent with the practices of peers and
other companies, and is a good governance practice. Directors may hold the shares directly or indirectly. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">At June&nbsp;30, 2020, each director owned shares valued
in excess of the $475,000 guideline except for three directors who have not reached five years of service: Ms.&nbsp;Andrews and Ms.&nbsp;Hall, who joined the Board in 2019, and Mr.&nbsp;Pagano, who joined the Board in 2017. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The average <FONT STYLE="white-space:nowrap">non-employee</FONT> director share ownership value at June&nbsp;30, 2020, was 12 times the annual retainer fees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_19"></A>Director Compensation&nbsp;&#151; Fiscal Year 2020 </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table shows information about <FONT STYLE="white-space:nowrap">non-employee</FONT> director compensation in 2020. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="91%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Fees&nbsp;Earned</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;or&nbsp;Paid&nbsp;in&nbsp;Cash&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)
(1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Stock&nbsp;Awards&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (2)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Option&nbsp;Awards&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (3)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>All Other</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Compensation&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; padding-right:2pt; BORDER-RIGHT:1px solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Total</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Madhuri A.
Andrews (4)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">82,333&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">177,949&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260,282&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Peter A.
Dorsman</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">104,500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">125,049&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229,549&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Mary Dean Hall
(4)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">82,333&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">177,949&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260,282&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Edith Kelly-Green
(5)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">53,750&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,750&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Dan P.
Komnenovich</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">90,250&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">125,049&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215,299&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Robert J. Pagano,
Jr.</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">90,250&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">125,049&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215,299&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Vincent K.
Petrella</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">109,250&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">125,049&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234,299&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Joe A.
Raver</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">90,250&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">125,049&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215,299&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Dr.&nbsp;Jerry
Sue Thornton (5)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">47,500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.90em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Peter C.
Wallace</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4" ALIGN="right">156,750&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4" ALIGN="right">125,049&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4" ALIGN="right">14,729&nbsp;(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296,528&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Amid the sharp economic downturn that arose out of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and the
responsive actions of governmental authorities and businesses, the directors&#146; quarterly retainers were temporarily reduced beginning in April 2020 and continuing into fiscal 2021. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">At June&nbsp;30, 2020, each <FONT STYLE="white-space:nowrap">non-employee</FONT> director held 1,881 restricted shares
that vest in January 2021, and Ms.&nbsp;Andrews and Ms.&nbsp;Hall each held an additional 982 shares (partial year awards granted upon their election to the Board) that vested in August 2020. Applied pays dividends on restricted stock at the same
rate paid to all shareholders, but awards made under the 2019 Long-Term Performance Plan, adopted in October 2019, provide for the accrual of dividends and payment at vesting. Directors hold voting rights for the shares. The amounts in the table
represent the awards&#146; grant date fair value computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation (&#147;FASB ASC Topic 718&#148;). </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">At June&nbsp;30, 2020, the following then-current directors held the corresponding numbers of stock options from previous
years&#146; awards: Mr.&nbsp;Dorsman, 13,513; Mr.&nbsp;Petrella, 9,510; and Mr.&nbsp;Wallace, 10,789. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Ms.&nbsp;Andrews and Ms.&nbsp;Hall were elected to the Board in August 2019. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Ms.&nbsp;Kelly-Green and Dr.&nbsp;Thornton retired from the Board in October 2019. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Reflects the value of health care benefits. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">17</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Beneficial Ownership </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_20"></A>HOLDINGS OF MAJOR SHAREHOLDERS, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL">OFFICERS, AND DIRECTORS </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table shows beneficial ownership of Applied
common stock, at June&nbsp;30, 2020, by (i)&nbsp;persons believed by us to own beneficially more than 5% of Applied&#146;s outstanding shares, based on our review of SEC filings, (ii)&nbsp;all directors and nominees, (iii)&nbsp;the executive
officers named in the Summary Compensation Table on page&nbsp;35, and (iv)&nbsp;all directors, nominees, and executive officers (at June&nbsp;30, 2020) as a group. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name of Beneficial Owner</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares&nbsp;Beneficially&nbsp;Owned&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;on June&nbsp;30, 2020 (1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Percent&nbsp;of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Class&nbsp;(%)&nbsp;(2)&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>BlackRock,
Inc.</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B></B>55 East 52nd Street, New York, New York 10055<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">6,390,233&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">(3)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">16.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>The Vanguard Group,
Inc.</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B></B>P.O.&nbsp;Box&nbsp;2600, Valley Forge, Pennsylvania 19482-2600<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">4,308,711&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">(4)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">11.1</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>JPMorgan
Chase&nbsp;&amp; Co.</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B></B>383 Madison Avenue, New York, New York 10017<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,304,272&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">(5)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;6.0</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Madhuri A.
Andrews</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,863&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Fred D.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">158,567&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Peter A.
Dorsman</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">64,159&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Mary Dean
Hall</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,863&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Warren E.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">77,110&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Dan P.
Komnenovich</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">21,186&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Kurt W.
Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">76,311&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Robert J. Pagano,
Jr.</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">6,224&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Vincent K.
Petrella</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">25,271&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Joe A.
Raver</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">7,738&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Neil A.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">530,001&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;1.4</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Peter C.
Wallace</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">51,005&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>David K.
Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">43,410&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>All Directors,
Nominees, and Executive Officers as a Group (13 Individuals)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4" ALIGN="right">1,066,708&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">(6)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-right:2pt">&nbsp;&nbsp;2.7</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">We determined beneficial ownership in accordance with SEC rules; however, the holders may disclaim beneficial ownership.
Except as otherwise indicated, the beneficial owner has sole voting and dispositive power over the shares. The directors&#146; and named executive officers&#146; totals include shares that could be acquired within 60 days after June&nbsp;30, 2020,
by exercising vested stock options and stock-settled stock appreciation rights: Mr.&nbsp;Bauer, 69,625; Mr.&nbsp;Dorsman, 13,513; Mr.&nbsp;Hoffner, 55,125; Mr.&nbsp;Loring, 64,425; Mr.&nbsp;Petrella, 9,510; Mr.&nbsp;Schrimsher, 407,475;
Mr.&nbsp;Wallace, 10,789; and Mr.&nbsp;Wells, 40,550. The totals also include shares held in nonqualified deferred compensation plan accounts for which the beneficial owner has voting, but not dispositive power: Mr.&nbsp;Dorsman, 38,557; and
Mr.&nbsp;Wallace, 11,954. Each <FONT STYLE="white-space:nowrap">non-employee</FONT> director&#146;s total also includes 1,881 restricted shares, for which the director has voting but not dispositive power, except that the totals for Ms.&nbsp;Andrews
and Ms.&nbsp;Hall include 2,863 restricted shares. The executive officers&#146; totals do not include unvested restricted stock unit holdings. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">&nbsp;Does not show percent of class if less than 1%. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">BlackRock, Inc. reported its ownership, including shares beneficially owned by affiliated entities, in a Schedule 13G
filed with the SEC on February&nbsp;4, 2020, indicating it had sole voting power for 6,211,101 shares and no voting power for the remaining shares. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">The Vanguard Group, Inc. reported its ownership, including shares beneficially owned by affiliated entities, in a Form 13F
filed with the SEC on August&nbsp;14, 2020, indicating it had shared voting and sole dispositive power for 242 shares, shared voting and dispositive power for 61,285 shares, no voting but sole dispositive power for 4,218,484 shares, and no voting
but shared dispositive power for 28,700 shares. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">JPMorgan Chase&nbsp;&amp; Co. reported its ownership, including shares beneficially owned by affiliated entities, in a
Form 13F filed with the SEC on August&nbsp;11, 2020, indicating it had sole voting and shared dispositive power for 2,158,524 shares, and no voting but shared dispositive power for 145,748 shares. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Includes 671,012 shares that could be acquired by the individuals within 60 days after June&nbsp;30, 2020, by exercising
vested stock options and SARs. In determining ownership percentage, these stock option and SAR shares are added to both the denominator and the numerator. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">18&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_21"></A>EXECUTIVE COMPENSATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_22"></A>Compensation Discussion and Analysis </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Introduction </B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This Compensation Discussion
and Analysis section (&#147;CD&amp;A&#148;) provides details about the compensation program for Applied&#146;s executive officers. It describes the company&#146;s compensation philosophy and objectives, roles and responsibilities in making
compensation decisions, the components of compensation, and the reasons for compensation adjustments, incentive payments, and long-term incentive grants made in fiscal year 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This discussion and analysis should be read in conjunction with the Summary Compensation Table on page 35 and the additional tables and narrative disclosure that follow
it. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As required by SEC rules, the proxy statement includes disclosures regarding the compensation of the following executive officers (the &#147;named executive
officers&#148; or &#147;NEOs&#148;): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Position</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Neil A.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;President&nbsp;&amp; Chief Executive Officer (&#147;CEO&#148;)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>David K.
Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;Vice President &#150; Chief Financial Officer&nbsp;&amp; Treasurer (&#147;CFO&#148;)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Fred D.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;Vice President &#150; General Counsel&nbsp;&amp; Secretary</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Warren E.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;Vice President, General Manager &#150; Fluid Power&nbsp;&amp; Flow Control</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Kurt W.
Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;Vice President &#150; Chief Human Resources Officer</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Unless otherwise noted, references to years in the &#147;Executive Compensation&#148; section of this proxy statement mean
Applied&#146;s fiscal years ended on June&nbsp;30. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>2020 Compensation Program Highlights </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board&#146;s Executive Organization&nbsp;&amp; Compensation Committee (the &#147;Committee&#148;) seeks to align overall compensation with performance in order to
maximize Applied&#146;s long-term shareholder return. With this objective, and after considering competitive market data and subjective factors, the Committee took the following actions in 2020 relative to the primary pay elements: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><I>Base Salary and Target Annual Incentive Pay </I></B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">At the beginning of the year, the Committee approved adjustments to two NEOs&#146; base salaries of less than 4%.
Mr.&nbsp;Schrimsher&#146;s salary was not changed from 2019. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Amid the sharp economic downturn that arose out of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and the
responsive actions of governmental authorities and businesses, management temporarily reduced its salaries beginning in <FONT STYLE="white-space:nowrap">mid-April</FONT> and continuing into fiscal 2021, with Mr.&nbsp;Schrimsher&#146;s reduced by
20%; the Committee ratified these reductions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Committee held the NEOs&#146; annual incentive targets, as a percentage of salary, at the same levels as in 2019 and
2018. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><I>Long-Term Incentives </I></B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Emphasizing performance in Applied&#146;s incentive plans, the Committee awarded approximately 50% (55% for
Mr.&nbsp;Schrimsher) of each NEO&#146;s targeted long-term incentive value in performance shares, tied to key company metrics. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Stock-settled stock appreciation rights (&#147;SARs&#148;) and restricted stock units (&#147;RSUs&#148;) made up the
remainder of the targeted long-term incentive value. Accordingly, all long-term incentives were equity-based. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">19</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Committee approved adjustments to annual long-term incentive target values reflecting market data and subjective
factors. When considered with its actions on base salaries and target annual incentive pay, the Committee increased the weighting in total NEO pay to programs intended to drive long-term performance. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The actions maintained the NEOs&#146; total targeted compensation at levels approximating market medians, consistent with Applied&#146;s pay philosophy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In 2020, financial results were mixed in the economic downturn. Cost control and cash generation were prioritized in this challenging environment, but net income,
earnings before interest, tax, depreciation, and amortization (&#147;EBITDA&#148;), and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">after-tax-return</FONT></FONT> on assets (&#147;ROA&#148;) were lower than in 2019: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>2020</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;2020&nbsp;Adjusted&nbsp;(1)&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;2020&nbsp;Goal&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>2019</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Sales</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$3.2&nbsp;billion</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">$3.5&nbsp;billion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Net
Income</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$24.0&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$153.5&nbsp;million</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$170.8&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">$144.0&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>EBITDA
(2)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$153.5&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$298.5&nbsp;million</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$328.4&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">$328.4&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Cash Provided
by Operating Activities</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$296.7&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">$226.6&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">$180.6&nbsp;million&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>ROA
(3)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">1.0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">6.4%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">7.3%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">6.3%</TD></TR>
</TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:ARIAL; " ALIGN="left">2020 financial results were unfavorably impacted by a $131.0&nbsp;million noncash goodwill impairment charge
($118.8&nbsp;million net of tax) associated with our 2018 acquisition of FCX Performance, Inc. The third quarter charge was the result of <FONT STYLE="white-space:nowrap">end-market</FONT> softness in our Flow Control operations and changes in
growth projections from the macroeconomic backdrop. The Committee believed that the reported financial results did not reflect the company&#146;s underlying operating performance and management&#146;s achievements for the year. Following a review,
the Committee excluded the goodwill impairment charge from the achievement calculations under the NEOs&#146; incentive programs and also made certain other adjustments for <FONT STYLE="white-space:nowrap">one-time</FONT> items, the largest of which
was to exclude $7.9&nbsp;million of restructuring costs ($6.1&nbsp;million net of tax) incurred to position the business more favorably in the market environment. The &#147;2020 Adjusted&#148; column reflects results net of the adjustments.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:ARIAL; " ALIGN="left">For purposes of the NEOs&#146; three-year performance share program beginning with the 2020-2022 program, EBITDA is
calculated by adding net income, interest expense, income taxes, depreciation, and intangibles amortization. The 2019 EBITDA figure is also calculated in this manner for comparability. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:ARIAL; " ALIGN="left">ROA is calculated, for purposes of the performance share program, by dividing annual net income by average monthly assets
for the year. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Net income, adjusted as described above, was lower than the 2020 goal, while cash provided by operating activities exceeded the
goal. The NEOs earned annual incentive pay for 2020 at an average of 100.2% of their individual target values, as compared with 69.4% in 2019. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Shares banked for
2020 under the performance share programs, described in detail on pages <FONT STYLE="white-space:nowrap">29-31,</FONT> are shown below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Performance Shares Program</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>

<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1px solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Banked Award as % of 2020 Target&nbsp;Shares</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center">2020-2022</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">75.4%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center">2019-2021</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">0.0%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center">2018-2020</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">56.2%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt"><B>Average:&nbsp;43.9%</B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Total shareholder return, considering the change in our stock price and reinvested dividends, rose 4% for the year. The company returned
$48.9&nbsp;million of cash to shareholders through dividends during the year. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We believe that our compensation decisions, as described in this CD&amp;A, reflect a
balanced and responsible pay approach. We also value shareholder opinion and, in performing its duties, the Committee considers the outcome of the annual advisory vote to approve the NEOs&#146; compensation. This vote is intended to provide an
overall assessment of our executive compensation program rather than to focus on specific compensation items. We are pleased to have earned the shareholders&#146; affirmation last year, with 97% of the shares cast voting in favor; as a result, the
Committee made no material changes to the program. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">20&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Compensation Practices Highlights </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We regularly review evolving best practices in executive compensation. Below are some of the more significant best practices we have adopted and practices we avoid: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>

<TD WIDTH="48%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="9" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="9" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-RIGHT:1.20pt solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="9" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="9" COLSPAN="2" STYLE="BORDER-RIGHT:1px solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt;margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em" ALIGN="center">


<IMG SRC="g922255snap0001.jpg" ALT="LOGO">
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>What We Do</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1.20pt solid #ffffff" BGCOLOR="#1169c4"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#1169c4"></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g922255snap0002.jpg" ALT="LOGO">
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>What&nbsp;We&nbsp;Don&#146;t&nbsp;Do</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR BGCOLOR="#a5a5a5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-left:8pt" BGCOLOR="#d8e9f7"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT
STYLE="font-family:Times New Roman">&#10003;</FONT><B>&#8195;&#8201;Pay for performance: </B>in 2020, an average of 72% of the targeted primary compensation for the NEOs (81%&nbsp;for our CEO) was tied to performance.</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT>&#8195;&#8201;Committee members <B>meet independence requirements</B>
under SEC rules and NYSE listing standards.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT
STYLE="font-family:Times New Roman">&#10003;</FONT>&#8195;&#8201;The Committee uses an <B>independent compensation consultant</B>.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT><B>&#8195;&#8201;Balanced approach to compensation</B>, combining
fixed and variable, short-term and long-term, cash and equity, and performance and time-based shares.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT>&#8195;&#8201;Pay philosophy <B>targets market median compensation</B>
among distribution industry companies.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT
STYLE="font-family:Times New Roman">&#10003;</FONT>&#8195;&#8201;The Committee sets <B>reasonably demanding incentive plan goals</B> that are regularly reviewed for difficulty and <B>analyzes the alignment</B> of our pay program outcomes with our
financial results.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT
STYLE="font-family:Times New Roman">&#10003;</FONT><B>&#8195;&#8201;Diverse incentive goals</B> without steep payout cliffs. Equity award vesting periods encourage consistent behavior and reward long-term, sustained performance.</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT>&#8195;&#8201;Change in control agreements and equity plan include<B>
&#147;double trigger&#148; provisions</B> for cash payment and equity vesting.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT><B>&#8195;&#8201;Limited perquisites</B> and other benefits.</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT><B>&#8195;&#8201;Significant stock ownership guidelines</B> for
executive officers and directors, with requirement of holding net shares from equity awards until guideline is met.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-2.00em; font-size:8.5pt; font-family:ARIAL"><FONT STYLE="font-family:Times New Roman">&#10003;</FONT>&#8195;&#8201;Provisions in plans and award terms to <B>claw back
compensation</B> under defined circumstances.</P></TD>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No payment of dividend equivalents on performance shares, or on restricted stock units granted under new 2019 Long-Term Performance Plan, until earned.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No granting of stock options or SARs with an exercise price less than fair market value at
grant.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No duplication of metrics in the goals for our short and long-term incentive
plans.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No equity award vesting periods of less than one year.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No repricing or replacing of underwater stock options or SARs.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No hedging or short sales of Applied stock are permitted.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No payment of guaranteed, above-market, or preferential interest or earnings on deferred
compensation.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No change in control agreements other than those with four executive
officers.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No excise tax <FONT STYLE="white-space:nowrap">gross-up</FONT> provisions in change
in control agreements entered into after 2011, including our CEO&#146;s agreement.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL">No defined
benefit pension plan, except for a legacy SERP frozen in 2012, with one remaining active participant.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL">No excessive risk-taking, based on annual compensation risk assessment.</P></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Compensation Philosophy and Objectives </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied&#146;s primary goal in compensating our executive officers is maximizing long-term shareholder return. In pursuing this goal, we seek to design and to maintain a
program that will accomplish the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Attract and retain qualified and motivated executives by providing compensation that, at target performance, is competitive
with a peer group of distribution industry companies, </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Incent executives to achieve goals, and to take appropriate risks, consistent with Applied&#146;s business strategies, and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Reward executives for results they influence that contribute to long-term shareholder value. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied is an industrial distributor in a mature market, with many companies offering the same or substantially similar products and services. In this environment,
attracting and retaining talented key employees is critical to success. For this reason, while we aim to design the executive compensation program to support the successful execution of our strategy, we also examine our program&#146;s
competitiveness with other distributors&#146; programs. In addition, we consider trends and practices outside the industry to understand best practices and their potential implications for Applied. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">21</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied believes it is important for executives to focus on both short-term and long-term performance to maximize
shareholder return. Accordingly, we provide annual and long-term incentive plans designed to align executives&#146; interests with shareholders&#146;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#1169c4"><B>Roles and Responsibilities </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B><I>Executive Organization&nbsp;&amp;
Compensation Committee.</I></B></FONT><FONT STYLE="font-family:ARIAL; font-size:10pt"> The Committee is composed solely of independent directors and is responsible for the executive compensation program&#146;s design and implementation. The
Committee&#146;s duties include the following: </FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Setting compensation components and levels for the CEO and the other executive officers, </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Overseeing Applied&#146;s executive compensation and benefit plans, including approving incentive awards,&nbsp;and
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Approving incentive plan goals that use performance metrics and evaluating performance to determine whether goals have been
achieved. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee routinely receives tally sheets displaying updated data with respect to material components of each executive&#146;s
compensation and benefits, and share retention analyses. These help the Committee make decisions with respect to each component in the context of total compensation. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Independent Compensation Consultant.</FONT> </I></B>Pay Governance LLC serves as the Committee&#146;s independent
compensation consultant, assisting the Committee with the following: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Establishing the executive compensation program&#146;s components, </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Identifying and reviewing peer group companies, </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Analyzing the program&#146;s competitiveness as well as alignment with the company&#146;s performance,
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Setting executive officers&#146; annual target compensation levels, overall and by pay component, and
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Updating the Committee on market trends, best practices, and regulatory changes affecting Applied&#146;s executive
compensation program. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Pay Governance is engaged by and reports directly to the Committee. The firm&#146;s representative directly interacts with
the Committee chair between meetings, participates in meetings, and performs assignments as requested. He also communicates with management to obtain information for completing assignments for the Committee, as well as to understand how the program
supports the company&#146;s strategic plans and needs. The firm submits its invoices to the Committee chair for approval and payment by Applied. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Pay Governance
performed no other work for Applied during the year and received no other compensation from Applied outside its engagement by the Committee. Following a review of existing facts and circumstances, including factors specified in the NYSE&#146;s
listing standards, the Committee concluded that Pay Governance and its representative are independent from Applied&#146;s management and directors. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL; font-size:10pt" COLOR="#1169c4"><B><I>Management.</I></B></FONT><FONT STYLE="font-family:ARIAL"> While the Committee is responsible for the program&#146;s design and implementation, management assists the Committee in
several ways. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Key executives attend portions of Committee meetings at its invitation. They prepare and present analyses at the Committee&#146;s request, and
regularly report on Applied&#146;s performance. Our CEO also reports on the other executive officers&#146; individual performance and offers recommendations regarding their pay. The Committee sets the executive officers&#146; pay in executive
session without management present. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Management assists the Committee&#146;s consultant by providing compensation data and other input and helping the consultant
understand Applied&#146;s organizational structure, business plans, goals, and performance, and the competitive landscape. Management does not have its own executive compensation consultant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Executive Compensation Program Overview </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Structure.</FONT> </I></B>The compensation program for executive officers includes the following components: </P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Base salary, </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Annual incentive pay, </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Long-term incentives, </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Qualified, nonqualified, and welfare plan benefits, and </P></TD></TR></TABLE>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Change in control and termination benefits. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Base salary, annual incentive pay, and long-term incentives are the primary components and are summarized below. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Component</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Description</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Rationale</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#9cc2e5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><B>Base Salary</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#e5e5e5">Fixed compensation paid in cash for service during year</TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff; padding-right:2pt" BGCOLOR="#e5e5e5">To provide base amount of market competitive pay</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#9cc2e5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><B>Annual Incentive Pay:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><B>Management Incentive Plan</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#e5e5e5">Variable compensation paid annually in cash based on performance relative to annual company goals as well as individual performance</TD>

<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff; padding-right:2pt" BGCOLOR="#e5e5e5">To motivate and reward executives with respect to fiscal year company and individual performance</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top" BGCOLOR="#9cc2e5"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><B>Long-Term Incentives</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b2d4f0" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#b2d4f0"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Performance
Shares</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL">(55% weighting for CEO, 50% for other NEOs)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#e5e5e5"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL">Shares earned based on achievement of company goals over a three-year period</P></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:2pt" BGCOLOR="#e5e5e5"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To promote</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.50em; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8194;&#8201;&#8202;Achievement of longer-term company goals</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.50em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8194;&#8201;&#8202;Stock price appreciation
through use of stock-based and stock-settled instruments</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-1.50em; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT>&#8194;&#8201;&#8202;Executive retention through
time-based vesting</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#9cc2e5"></TD>
<TD VALIGN="bottom" BGCOLOR="#b2d4f0" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#b2d4f0"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Stock
Appreciation Rights (SARs)</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL">(22.5% weighting for CEO, 25% for other NEOs)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:9.5pt">Stock-settled awards that provide realizable compensation only to the extent our stock price
appreciates</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#9cc2e5"></TD>
<TD VALIGN="bottom" BGCOLOR="#b2d4f0" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#b2d4f0"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Restricted Stock Units (RSUs)</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL">(22.5% weighting for CEO, 25% for other NEOs)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5e5e5" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:2.00pt solid #ffffff" BGCOLOR="#e5e5e5"><FONT STYLE="font-size:9.5pt">Shares earned after three years of continued service</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee sets base salaries to be competitive with market medians for similar positions in peer distribution companies. Target
annual and long-term incentives aim to reflect market median practices of peers in order to deliver total target compensation in line with the medians of distribution peers. Actual incentive pay depends in large part on how Applied performs relative
to its goals and how its stock price performs in response. As a result, actual compensation from annual and long-term incentives can vary significantly based on the company&#146;s operating and stock price performance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied&#146;s compensation practices reflect a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">pay-for-performance</FONT></FONT> philosophy. A
majority of the NEOs&#146; compensation is &#147;at risk&#148; and tied to company-wide and individual performance. Moreover, incentive pay generally makes up a greater share of the overall opportunity for executives in more senior positions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied also believes programs leading to equity ownership help align executives&#146; interests with shareholders&#146;. However, the long-term incentive program is
structured to avoid excessive dilution, with annual share utilization approximating 1% of shares outstanding. The Committee periodically reviews share utilization in relation to market practices in an effort to ensure Applied&#146;s equity plan is
not unduly diluting shareholders&#146; interests. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee generally determines each executive officer&#146;s base salary, annual incentive target compensation
(expressed as a percentage of base salary), and long-term incentive target compensation independently from the other primary components of compensation. Nevertheless, the Committee also reviews data regarding total target cash compensation (salary
plus annual incentive target compensation) and total target compensation (salary plus annual </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">incentive target compensation plus long-term incentive target compensation) and considers the
information contextually, with the company&#146;s pay philosophy and desired pay position, when evaluating each component. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The result is a mix among base salary,
annual incentive target compensation, and long-term incentive target compensation, as well as between cash and equity-based incentives, that is competitive with market median practices. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The charts below show the percentage allocation of opportunities provided in 2020 to Mr.&nbsp;Schrimsher and the other NEOs in the forms of base salary, annual incentive
target opportunity, and long-term incentive target opportunity (awarded in equity-based instruments). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>2020 TARGET COMPENSATION MIX </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g922255snap0004.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Mr.&nbsp;Schrimsher, our CEO, earns higher pay than the other officers, reflecting his role in establishing and achieving the
company&#146;s strategic goals, as well as market practices. His overall compensation is weighted, however, more toward incentive pay, particularly long-term incentives. This distinction is appropriate considering his responsibility and influence
over Applied&#146;s performance and is typical among companies in the peer group described below. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Competitive
Pay Review for 2020.</FONT></I></B> To help evaluate Applied&#146;s executive compensation, the Committee created a peer group of distribution companies, primarily industrial distributors. Distributor comparisons provide the Committee insight into
executive pay and benefits at companies in similar market environments. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">With assistance from Pay Governance, the Committee selected 18&nbsp;companies with annual
sales ranging from $1.6&nbsp;billion to $11.9&nbsp;billion, and median sales of $4.0&nbsp;billion, as compared with Applied&#146;s annual sales of $3.5&nbsp;billion for the same period. Each peer group company disclosed compensation for top officers
in SEC filings. Management did not participate in selecting companies. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The 2020 peer group (the &#147;Peer Group&#148;) included the companies shown in the table
below, all of which had also been in the 2019 peer group. KLX Inc., the other member of the 2019 peer group, was removed after being acquired. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-left:8pt; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>2020 Peer Group</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">AAR
Corp.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5"><B></B>HD Supply Holdings, Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">Patterson Companies, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Anixter
International Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">Kaman Corporation</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">Pool Corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">BMC Stock
Holdings, Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">LKQ Corporation</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">ScanSource, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Beacon Roofing
Supply, Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">MRC Global Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">WESCO International, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Fastenal
Company</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">MSC&nbsp;Industrial&nbsp;Direct&nbsp;Co.,&nbsp;Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">Watsco, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">GMS
Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">NOW Inc.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">Wesco Aircraft Holdings, Inc.</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Pay Governance then prepared a compensation review and assessment, analyzing the competitiveness of target compensation for
Applied&#146;s CEO and CFO positions relative to comparable Peer Group data. Pay Governance did not analyze Peer Group data for other officer positions for 2020 (although it had done so for 2019), but reported on broader compensation trends to
assist the Committee in evaluating target pay levels. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">24&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The study identified Peer Group pay for each position at the 25th, 50th, and 75th&nbsp;percentile levels. The
50th&nbsp;percentile is referred to here as the &#147;market median&#148; and represents Applied&#146;s target pay objective. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Beyond the Peer Group data, Pay
Governance presented other pay data from several broad industrial company surveys. The Committee requested this supplemental data to help confirm the reliability of the Peer Group data. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Pay Governance analyzed base salary, annual incentive target compensation as a percentage of base salary, total cash target compensation (base salary plus annual
incentive target compensation), long-term incentive target compensation, and total direct target compensation (total cash target compensation plus long-term incentive target compensation). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The study also compared Applied&#146;s performance in the past one, three, and five years with the Peer Group companies&#146; performance, considering metrics such as
sales growth, EBITDA growth, cash flow growth, EBITDA margin, cash flow margin, net income margin, ROA, and total shareholder return. The comparisons assist the Committee in examining how Applied&#146;s executive pay aligns with company performance
relative to peers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Using Pay Governance&#146;s study, the Committee evaluated each primary compensation component. In most years, including 2020, the Committee
seeks to compensate executives near the market median if Applied&#146;s performance targets are achieved. Sustained performance below target levels should result in realized total compensation below market medians, and performance that exceeds
target levels should result in realized total compensation above market medians. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">However, market medians and ranges only represent beginning reference points; the
Committee also uses its subjective judgment to adjust targeted compensation to reflect factors such as individual performance and skills, long-term potential, tenure in the position, internal equity, retention considerations, and the position&#146;s
importance in Applied&#146;s organization. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Detailed Review of Compensation Components </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Base Salary.</FONT> </I></B>The Committee observes a general policy that base salaries for executive officers who
have been in their positions for at least three years and are meeting performance expectations should approximate the market median for comparable positions. As with all pay components, however, the Committee, using its subjective judgment, sets
salaries higher or lower to reward individual performance and skills and other considerations such as those mentioned above. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In 2020, after considering the Peer
Group data, executive pay trends in the broader market, and the more subjective factors referenced above, the Committee approved increases of less than 4% to two NEOs&#146; base salaries. Mr.&nbsp;Schrimsher&#146;s base salary was not adjusted. The
Committee&#146;s actions maintained the officers&#146; pay at competitive levels relative to market medians and reflected a discipline of managing base salaries within the framework of Applied&#146;s pay philosophy and competitive data. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Amid the economic downturn that arose out of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and the responsive actions of governmental authorities and
businesses, management temporarily reduced its salaries beginning in <FONT STYLE="white-space:nowrap">mid-April</FONT> and continuing into fiscal 2021, with Mr.&nbsp;Schrimsher&#146;s reduced by 20%; the Committee ratified these reductions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Annual Incentive Pay</FONT>.</I></B>&nbsp;With the annual Management Incentive Plan, the Committee seeks to reward
the executive officers, in cash, for achieving fiscal year goals. In general, the Committee seeks to pay total cash compensation near the market median when Applied meets its goals, and to pay above (or below) the median when Applied exceeds (or
falls short of) its goals. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">At the beginning of the fiscal year, after the Board reviews Applied&#146;s annual business plan as prepared and presented by
management, the Committee develops objective goals and targets for the Management Incentive Plan. The Committee considers the market outlook and the business plan, along with the available opportunities and attendant risks. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In 2020, consistent with historical practice, the Committee established goals based on company-wide measures that it considers key indicators of shareholder value
creation: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">25</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Net Income&nbsp;&#150; bottom-line profitability; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Cash Provided by Operating Activities&nbsp;&#150; a cash-based measure of company performance. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Sixty percent of each executive officer&#146;s Management Incentive Plan payout was determined based on the level of achievement of net income and 20% was determined
based on the level of achievement of cash provided by operating activities, as well as each executive officer&#146;s target incentive award value. The Committee sets goals for the performance measures that it believes are attainable, but that
require executives to perform at a consistently high level to achieve target award values. Target and maximum incentive objectives for 2020 are shown in the table below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Net Income</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF">(weighted 60%)</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Under&nbsp;$145.2&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$145.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$170.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$205.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Award</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">50%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">100%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">200%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% Change
Compared with 2019 Net Income</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0.8%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">18.6%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">42.4%</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Cash Provided by
Operating Activities</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF">(weighted 20%)</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Under&nbsp;$192.6</B></FONT><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>$192.6</B></FONT><BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>$226.6</B></FONT><BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>$283.3</B></FONT><BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>million</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Award</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">50%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">100%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">200%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% Change
Compared with 2019 Cash Provided by Operating Activities</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">6.6%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">25.5%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">56.9%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The payouts for these components could have ranged from 0% to 200% of the executive officers&#146; target award values. The Committee
established this range, consistent with prior years, after considering Pay Governance&#146;s report on market practices. Payouts for each performance measure are prorated on a straight-line basis for results falling between the threshold 50%, 100%,
and maximum 200% payout levels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee assigned an annual incentive target,&nbsp;expressed as a percentage of salary,&nbsp;to each executive officer. The
Committee assigned target percentages for 2020 to approximate market practices, as shown in Pay Governance&#146;s review, resulting in maintaining the percentages at the same levels as in 2019 and 2018. The 2020 targets follow: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="26%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Base&nbsp;Salary&nbsp;($)&nbsp;(1)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Incentive&nbsp;Target&nbsp;(%)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Target&nbsp;Award&nbsp;Value&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>N.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">900,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">105</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">945,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>D.
Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">440,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">65</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">286,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>F.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">420,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">55</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">231,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>W.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">385,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">60</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">231,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>K.
Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">360,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">55</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">198,000</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Base salaries exclude impact of temporary salary reductions. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Actual 2020 financial results were unfavorably impacted by a $131.0&nbsp;million noncash goodwill impairment charge ($118.8&nbsp;million net of tax) associated with our
2018 acquisition of FCX Performance, Inc. The third quarter charge was the result of <FONT STYLE="white-space:nowrap">end-market</FONT> softness in our Flow Control operations and changes in growth projections from the macroeconomic backdrop. After
reviewing the reported financial results, the Committee concluded they did not reflect the company&#146;s underlying operating performance and management&#146;s achievements for the year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Management Incentive Plan terms provide the Committee the authority, in its sole discretion, to make adjustments in order to prevent diminution or enlargement of
the benefits intended to be conferred, in a manner the Committee determines is equitably required by changes or events such as those specified above. After deliberation, the Committee excluded the goodwill impairment charge from the achievement
calculations and also made certain other adjustments for <FONT STYLE="white-space:nowrap">one-time</FONT> items, the largest of which was to exclude $7.9&nbsp;million of restructuring costs ($6.1&nbsp;million net of tax) incurred to position the
business more favorably in the market environment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">26&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As a result of Applied&#146;s 2020 performance, as adjusted, the Management Incentive Plan payouts for the net income
and cash provided by operating activities components were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="36%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="30%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Goal</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020&nbsp;Achievement&nbsp;($)&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payout&nbsp;as&nbsp;%&nbsp;of&nbsp;Prorated&nbsp;Portion&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>of Target Award</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Net
Income</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B></B>(weighted 60%)<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">153.5&nbsp;million&nbsp;(1)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">66.3%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Cash Provided
by Operating Activities</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.30em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B></B>(weighted 20%)<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">296.7&nbsp;million</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">200.0%</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Net income amount reflects adjusted achievement. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The remaining 20% of each executive officer&#146;s plan opportunity was tied to the Committee&#146;s evaluation of individual performance relative to strategic
objectives approved by the Committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">After evaluating individual performance, with Mr.&nbsp;Schrimsher reporting on the other officers&#146; performance, the
Committee approved the following payouts for this final component: Mr.&nbsp;Schrimsher, $189,000; Mr.&nbsp;Wells, $57,200; Mr.&nbsp;Bauer, $46,200; Mr.&nbsp;Hoffner, $46,200; and Mr.&nbsp;Loring, $43,560. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Shown below are the NEOs&#146; total 2020 Management Incentive Plan payouts: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Annual&nbsp;Incentive&nbsp;Payout&nbsp;($)</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>N. Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">942,921</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>D. Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">285,371</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>F. Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">230,492</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>W. Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">230,492</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>K. Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">201,524</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The average NEO payout, as a percentage of the target awards, was 100.2%<I>.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Considering company goals only, Management Incentive Plan achievements for the most recent five years, as a percentage of targeted achievement, were as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Year</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Achievement&nbsp;of&nbsp;Company</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Goals (Blended %)</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"><B>2020</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;99.7</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"><B>2019</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;61.3</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"><B>2018</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">154.1</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">147.2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="4" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:3pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">&nbsp;&nbsp;50.0</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Long-Term Incentives.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;In the
first quarter, the Committee made long-term incentive awards to the executive officers under the 2015 Long-Term Performance Plan. Subsequent to those awards, at the 2019 annual meeting, the shareholders adopted the 2019 Long-Term Performance Plan to
replace the 2015 plan. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The plans reward executives for achieving long-term goals and authorize incentive awards in a variety of forms. The Committee makes
awards annually, near the start of the year, after reviewing the previous fiscal year&#146;s financial results. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As with the other primary compensation components,
the Committee sets the awards&#146; value after reviewing the independent consultant&#146;s target compensation study. In most years, the Committee seeks to provide awards with a targeted value near the market median for equivalent positions, with
variation to reward individual performance and skills, as well as to reflect factors such as long-term potential, responsibility, tenure in the position, internal equity, retention considerations, and the position&#146;s importance in Applied&#146;s
organization. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee uses long-term incentive awards for purposes of motivation, alignment with long-term company goals, and retention. The Committee
intends to pay total long-term compensation near the market median when Applied </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">27</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">
meets its goals and above when Applied exceeds its goals. If goals are not achieved, then long-term compensation should fall below the market median. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">After considering the Pay Governance&#146;s study and the subjective factors identified above, the Committee approved adjustments to the NEOs&#146; annual long-term
incentive target values, including increasing Mr.&nbsp;Schrimsher&#146;s target value by 12.5%. Because Mr.&nbsp;Schrimsher did not earn increases to his base salary and annual incentive target in 2020, the effect was to weight his overall pay more
to programs intended to drive long-term performance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Emphasizing operating performance, the Committee awarded the NEOs long-term incentive target value using three
vehicles, all stock-settled, in the approximate weightings shown: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>2020 LONG-TERM INCENTIVE AWARDS </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g922255g79i41.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee believes these combinations appropriately balance the vehicles&#146; distinct purposes, with Mr.&nbsp;Schrimsher&#146;s
weighting, as befits his broad responsibilities, tilted more toward the operating performance-driven performance shares. Reflecting Applied&#146;s culture, the mix differs from the norm for the Peer Group companies, which tend to place greater
emphasis on options/SARs and service-based restricted stock. The awards also reflect the Committee&#146;s subjective judgment that long-term incentive earnings should be paid in shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In determining numbers of performance shares to be targeted and SARs and RSUs to be awarded, the Committee values Applied&#146;s shares based on data provided by Pay
Governance. To reduce the impact of short-term stock price volatility, the valuation method uses an average closing share price for 90 trading days prior to the grant. The Grants of Plan-Based Awards table on page&nbsp;37 shows the threshold,
target, and maximum payouts for the performance shares, as well as the number of SARs and RSUs awarded to the NEOs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following paragraphs describe the executive
officers&#146; 2020 awards, as well as performance for the year under the performance share programs: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><B><I></I></B><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT><B><I></I></B><B><I></I></B></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>Stock Appreciation Rights (22.5% of CEO&#146;s Target Long-Term Incentive Value) </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee and management believe SARs are strong performance-based vehicles, as the awards&#146; value depends on Applied&#146;s stock price growth;
until Applied performs in a manner that is recognized by the stock market and creates gains for shareholders, SARs have no value to executives. The base stock price is the market closing price on the grant date. SARs have a <FONT
STYLE="white-space:nowrap">ten-year</FONT> term and vest 25% on each of the first four anniversaries of the grant date, subject to continuous employment with Applied, thereby promoting executive retention. Unvested SARs vest on an executive
officer&#146;s retirement, but the remaining term for all the outstanding SARs is truncated to three years. The effect of other events on SARs and the other incentive vehicles is discussed in &#147;Potential Payments upon Termination or Change in
Control,&#148; beginning on page 41. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee intends for SARs to align the interests of management and shareholders in achieving long-term
growth in the value of Applied&#146;s stock by using a form of award the value of which is determined primarily by long-term stock price appreciation. The four-year vesting period, <FONT STYLE="white-space:nowrap">ten-year</FONT> term, and
stock-settled nature of the SARs are consistent with this objective. Moreover, SARs are less dilutive than stock options, further protecting shareholder interests. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">28&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>Restricted Stock Units (22.5% of CEO&#146;s Target Long-Term Incentive Value)</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">RSUs are grants valued in shares of Applied stock, but shares are not issued to executives until the grants vest on the third anniversary of the award
date, assuming continued employment with Applied. The Committee believes cliff vesting is more demanding than typical market practice, but appropriate considering the nature of the award. The RSUs do vest, albeit pro rata, if an executive retires
during the three-year term. RSU grants under the 2015 Long-Term Performance Plan paid dividend equivalents on a current basis, but grants under the 2019 Long-Term Performance Plan, adopted in October 2019, provide for the accrual of dividend
equivalents and payment on vesting. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee considers RSUs to be a good tool for retaining executives. Because their value will increase or
decrease over the three-year vesting period along with Applied&#146;s stock, RSUs also promote efforts to maximize long-term shareholder return. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>2020-2022 Performance Shares (55% of CEO&#146;s Target Long-Term Incentive Value)</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Performance shares provide incentives to achieve goals over a three-year period. At the beginning of a period, the Committee sets a target number of
shares of Applied stock to be paid to each executive at the end of the period, assuming continued employment. The actual payout is then calculated, relative to the target, based on Applied&#146;s achievement of objective goals. If an executive
retires during the three years, the performance shares vest on a pro rata basis, tied to the period worked and actual performance during that period. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">As a new three-year period begins, the Committee reviews the business plan and market outlook for each year of the period. Then, after also considering
the independent consultant&#146;s guidance as to market practices, the Committee determines performance measures and goal ranges at which payouts can be earned for each year; i.e., the goals for each year of a three-year period are established and
approved at the start of the three-year period. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Applied&#146;s approach, as opposed to setting goals covering the full three-year period, reduces
the risk that any given year of over or under-performance unduly influences payouts for the full three years. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee sets goals it believes
are attainable without inappropriate risk-taking, but that still require executives to perform on a sustained basis at a consistently high level to achieve the targeted payout. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Payouts can range from 0% to 200% of the target number of shares. The target payout is 100% of the target number assigned to the executive. The Grants of
Plan-Based Awards table on page&nbsp;37 shows the threshold, target, and maximum payouts for performance shares awarded in 2020. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Because the payout
is measured in shares, the award&#146;s value depends on both the company&#146;s operating performance and its stock price, motivating executives throughout the performance period with regard to both. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">For the 2020-2022 performance shares, consistent with prior years, the Committee set separate goals for each year of the period, with 75% of an award
tied to Applied&#146;s EBITDA and 25% to ROA. ROA improvements can be achieved by, among other things, increasing sales and margins, as well as improving working capital management, all of which are important objectives for industrial distributors.
</P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee considered these metrics to be appropriate measures of management&#146;s impact on operating performance and efficiency over a
three-year period. The metrics also balanced the Management Incentive Plan&#146;s emphasis on bottom-line results and cash flow. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Each
participant&#146;s targeted number of shares for the three-year period is divided into <FONT STYLE="white-space:nowrap">one-third</FONT> for each year. Shares awarded for achievement during a particular year are then &#147;banked&#148; for
distribution at the end of the three-year term and do not affect the banking of shares for the other years. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Using individual years&#146; performance
makes achieving maximum awards for the full three-year period more difficult because results exceeding maximum goals in any one year do not make up for shortfalls in other years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">29</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The goals for the first year of the performance period, 2020, follow: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


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<TD WIDTH="88%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>EBITDA</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B></B>(weighted 75%)<B></B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Under&nbsp;$262.7&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;$262.7&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;$328.4&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;$410.5&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.80em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Share Award for 2020</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">50%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">100%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">200%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.80em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% Change
Compared with 2019 EBITDA</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">(20.0)%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">25%</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>ROA</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B></B>(weighted 25%)<B></B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Under</B></FONT><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>5.8%</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>5.8%</B></FONT> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>7.3%</B></FONT> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>9.1%</B></FONT> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Share Award for 2020</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">50%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">100%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">200%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% Change
Compared with 2019 ROA</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">(7.9)%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">15.9%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">44.4%</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Banked awards could range from 0% to 200% of the executive officers&#146; target share award values. The Committee
established this range after considering Pay Governance&#146;s guidance as to market practices. Awards for each performance measure were to be prorated on a straight-line proportional basis for results between the threshold 50%, 100%, and maximum
200% payout levels. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee set the performance shares&#146; goals near the beginning of the year. Actual 2020 financial results were
unfavorably impacted by a $131.0&nbsp;million noncash goodwill impairment charge ($118.8&nbsp;million net of tax) associated with our 2018 acquisition of FCX Performance, Inc. The third quarter charge was the result of
<FONT STYLE="white-space:nowrap">end-market</FONT> softness in our Flow Control operations and changes in growth projections from the macroeconomic backdrop. After reviewing the reported financial results, the Committee concluded they did not
reflect the company&#146;s underlying operating performance and management&#146;s achievements for the year. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The performance shares&#146; terms
provide the Committee the authority, in its sole discretion, to make adjustments in order to prevent diminution or enlargement of the benefits intended to be conferred, in a manner the Committee determines is equitably required by changes or events
such as those specified above. After deliberation, the Committee excluded the goodwill impairment charge from the achievement calculations and also made certain other adjustments for <FONT STYLE="white-space:nowrap">one-time</FONT> items, the
largest of which was to exclude $7.9&nbsp;million of restructuring costs ($6.1&nbsp;million net of tax) incurred to position the business more favorably in the market environment. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">As a result of 2020 achievements, as adjusted, participants banked awards, to be distributed in shares of Applied stock following the end of 2022, as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>

<TD WIDTH="41%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="36%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>2020 Goal</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>2020 Adjusted</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Achievement</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Banked Award as % of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Target&nbsp;Performance&nbsp;Shares&nbsp;for&nbsp;2020&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>EBITDA</B>
(weighted 75%)</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">$298.5&nbsp;million</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">77.2%</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>ROA</B>
(weighted 25%)</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">6.4%</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">70.0%</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt"><B>Overall:&nbsp;75.4%</B></TD></TR>
</TABLE></DIV> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>2019-2021 Performance Shares (2020 performance)</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">As described above, the Committee sets separate goals for each year of a three-year performance share program at the time the program is adopted. So,
while 2020 was the first year of the 2020-2022 performance period, it was also the second year of the 2019-2021 performance period and the third year of the 2018-2020 performance period. For the 2019-2021 performance shares, the 2020 goals, adopted
in August 2018, follow: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>EBITDA</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(weighted 75%)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Under&nbsp;$321.7&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>$321.7&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>$402.1&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>$502.6&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Share Award for 2020</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 0%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 50%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 100%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 200%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>ROA</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(weighted 25%)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Under</B></FONT><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>7.5%</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>7.5%</B></FONT> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>9.4%</B></FONT> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4" ALIGN="center"><FONT COLOR="#FFFFFF"><B>11.8%</B></FONT> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Share Award for 2020</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 0%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 50%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 100%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="center"> 200%<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">30&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The 2019-2021 performance share programs, and prior programs, calculated EBITDA by adding to operating
income (i)&nbsp;depreciation and amortization of property, (ii)&nbsp;amortization of stock options and SARs, and (iii)&nbsp;goodwill and intangibles amortization and impairment. The calculation was changed beginning with the 2020-2022 program to
reflect a more commonly used calculation, which is adding net income, interest expense, income taxes, depreciation, and intangibles amortization. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">With 2020 performance falling short of threshold goals, the participants did not bank awards for 2020. The award banked for the program&#146;s first
year, 2019, as a percentage of target performance shares, was 76.3%. </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>2018-2020 Performance Shares (2020 performance)</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The goals for the final year of the 2018-2020 performance shares program, adopted in August 2017, prior to the FCX Performance, Inc. acquisition in
January 2018 and the Tax Cuts and Jobs Act of 2017, follow: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>

<TD WIDTH="59%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B><BR>EBITDA</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>(weighted 75%)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Under&nbsp;$217.7&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>$217.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>$272.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>$340.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>million&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Share Award for 2020</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">50%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">100%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">200%</TD></TR>
<TR STYLE="page-break-inside:avoid ; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>ROA</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(weighted 25%)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Under&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><BR>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>8.2%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>8.2%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>10.2%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>12.8%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.70em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">% of Prorated
Portion of Target Share Award for 2020</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">50%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">100%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">200%</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Similar to the 2019-2021 performance shares, the 2018-2020 program calculated EBITDA by adding to operating income
(i)&nbsp;depreciation and amortization of property, (ii)&nbsp;amortization of stock options and SARs, and (iii)&nbsp;goodwill and intangibles amortization and impairment. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">When the Committee set the performance goals at the beginning of the period, the goals did not contemplate the FCX acquisition and the Tax Cuts and Jobs
Act. The performance shares&#146; terms provide the Committee the authority, in its sole discretion, to make adjustments in order to prevent diminution or enlargement of the benefits intended to be conferred, in a manner the Committee determines is
equitably required by changes or events such as these. After deliberations, the Committee exercised this authority and adjusted achievements for purposes of the 2018-2020 performance shares to exclude the impact of the two developments. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">As a result of 2020 achievements, as adjusted relative to the FCX acquisition and the Tax Cuts and Jobs Act, as well as the goodwill impairment charge
and certain other <FONT STYLE="white-space:nowrap">one-time</FONT> items, participants were awarded shares of Applied stock as follows: </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>

<TD WIDTH="42%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="35%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>2020 Goal</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>2020&nbsp;Adjusted</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Achievement</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Award as %
of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Target&nbsp;Performance&nbsp;Shares&nbsp;for&nbsp;2020</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>EBITDA (weighted
75%)</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">$223.0&nbsp;million</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">54.9%</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>ROA (weighted
25%)</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">8.6%</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">60.0%</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><B>Overall:&nbsp;56.2%</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The awards banked for the program&#146;s first two years, as a percentage of target performance shares, were 149.2%
in 2018 and 114.6% in 2019. The average payout for the full three-year period was 106.7%. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Qualified,
Nonqualified, and Welfare Plan Benefits.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;Through the plans described below, we seek to provide benefits comparable to those available at Peer Group and other similarly sized companies. The
Committee, with its independent consultant&#146;s assistance, reviews executive-level benefits periodically and compares them with market information, considering executives&#146; positions and years of service. </FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>Qualified savings plan</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Applied maintains a defined contribution plan with a section&nbsp;401(k) feature (the Retirement Savings Plan, or &#147;RSP&#148;) for eligible
U.S.&nbsp;employees, including NEOs. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">31</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>Nonqualified deferred compensation plans</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">The Committee believes that providing competitive supplemental retirement benefits is important for executive recruitment and retention. Statutory limits
exist, however, on the value of benefits executives can receive under the company&#146;s qualified savings plan. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Accordingly, in 2012 the Committee
adopted the Key Executive Restoration Plan (the &#147;KERP&#148;), an unfunded, nonqualified deferred compensation plan. To participate in the KERP, an executive must be designated by the Committee or the Board. Applied credits a bookkeeping account
for each participant with an amount equal to (i)&nbsp;6.25% (unless the Committee or the Board specifies a different percentage) of the participant&#146;s base salary and annual actual cash incentive pay for the calendar year, minus (ii)&nbsp;the
amount of company contributions credited to the participant under the RSP. Account balances are deemed invested in mutual funds selected by the participant from a menu of diverse investment options. In this way, participants take responsibility for
funding their own retirement benefits. Further, because of the use of incentive pay in the KERP formula, company contributions are tied in part to Applied&#146;s annual performance results. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">To be eligible for KERP account credits, participants must be employed on the last day of a year or have retired, died, or become disabled during the
year. Unless otherwise determined by the Committee or the Board, credits to a participant&#146;s account vest based on years of service with Applied, 25%&nbsp;per year. In addition, a participant will be 100% vested in the event of attainment of age
65, death, disability, or certain separations from service within one year after a change in control (as defined in the KERP). </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Each NEO participates
in the KERP. The Committee set Mr.&nbsp;Schrimsher&#146;s account credit percentage at 10%. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Applied also maintains the Supplemental Defined
Contribution Plan, which permits highly compensated U.S. employees to defer portions of their pay and to accumulate nonqualified savings. Applied does not contribute to the plan and participants are not provided above-market or guaranteed returns.
We describe the plan, along with the KERP, more fully in &#147;Nonqualified Deferred Compensation,&#148; at <FONT STYLE="white-space:nowrap">pages&nbsp;39-40.</FONT> </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10.5pt"><B><I>Welfare plans</I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Applied maintains a contributory health care plan as well as life and disability insurance plans for U.S. employees. Executive officers may also
participate in executive life and disability insurance programs. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">Applied provides continuation health care coverage, at the employee contribution
rate, to executive officers who retire after reaching age&nbsp;55, with at least ten years&#146; service, for the <FONT STYLE="white-space:nowrap">18-month</FONT> period under the Consolidated Omnibus Budget Reconciliation Act of 1986
(&#147;COBRA&#148;). In addition, when the retiree attains age&nbsp;65, Applied provides Medicare supplement coverage through a third-party policy. Individuals first elected as executive officers after 2012 are not eligible for these benefits;
Messrs. Schrimsher and Bauer are the only remaining active eligible executives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Perquisites and Other
Personal Benefits.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;Applied does not offer perquisites such as company automobiles or allowances, financial planning and tax services, or country clubs to the NEOs. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied provides executive officers five weeks&#146; vacation per calendar year; other employees get five weeks when they reach 25&nbsp;years of service. Unused
vacation time is forfeited at the end of each calendar year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Change in Control and Termination
Benefits.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;Upon his hire, Applied and Mr.&nbsp;Schrimsher entered into a <FONT STYLE="white-space:nowrap">CEO-level</FONT> severance agreement providing termination benefits as described in
&#147;Potential Payments upon Termination or Change in Control,&#148; beginning on page 41. Applied does not have employment contracts with the other NEOs, nor does it have an executive severance policy. The Committee retains discretion to determine
severance benefits, if any, to be offered to the other NEOs if the company terminates their employment, other than in the circumstance of a change in control. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The company&#146;s only change in control agreements are with Messrs. Schrimsher, Wells, Bauer, and Loring. The arrangements are designed to retain executives and to
promote management continuity if an actual or threatened change in control occurs. The Board approved the agreements primarily because it believes that the executives&#146; continued attention and dedication to their duties under the adverse
circumstances attendant to a change or potential change in control are ultimately in the best interests of Applied and its shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">32&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The agreements provide severance benefits if an executive&#146;s employment is terminated by the officer for &#147;Good
Reason&#148; or by Applied &#147;Without Cause&#148; (each as defined in the agreements) and the termination occurs within two years (three years under an older agreement with Mr.&nbsp;Bauer) after a change in control. These &#147;double
trigger&#148; arrangements are consistent with typical market practices. The executive, in turn, must not compete with Applied for three years following termination (one year under the older agreement). Change in control agreements entered into
after 2011, including with Messrs. Schrimsher, Wells, and Loring, do not provide for a <FONT STYLE="white-space:nowrap">gross-up</FONT> for excise taxes. We describe the agreements more fully on
<FONT STYLE="white-space:nowrap">pages&nbsp;42-43</FONT> of this proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Stock Ownership and Retention Guidelines
</B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee believes executives should accumulate meaningful equity stakes in Applied to align their economic interests with shareholders&#146;
interests, thereby promoting the objective of increasing shareholder value. Accordingly, we have adopted stock ownership guidelines, requiring that executive officers not dispose of stock unless their &#147;owned&#148; shares&#146; market value
equals or exceeds the following annual base salary multiples immediately after the disposition: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="48%"></TD></TR>
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<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Position</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Stock Ownership Guideline</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><B>Chief Executive Officer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">5x base salary</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL" ALIGN="center"><B>Other Executive Officers</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">3x base salary</TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&#147;Owned&#148; shares, per the guidelines, include those owned outright, those owned beneficially in Applied&#146;s Retirement Savings
Plan, and RSUs, but do not include SARs or performance shares. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The guidelines do not require an executive immediately to acquire shares if the executive&#146;s
ownership is below the applicable guideline. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Until the guideline is achieved, executives must retain net shares received from exercising SARs or the vesting of RSUs
or performance shares. &#147;Net shares&#148; are shares that remain after shares are sold or netted to pay withholding taxes. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">At June&nbsp;30, 2020, the value of
the NEOs&#146; holdings (determined as described above) and their guidelines are shown below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Value&nbsp;of&nbsp;Applied&nbsp;Stock&nbsp;Holdings&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Stock&nbsp;Ownership&nbsp;Guideline&nbsp;($)&nbsp;(1)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>N.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">9,497,380&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">4,500,000</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>D. Wells
</B>(hired in May 2017)<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">515,341&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">1,320,000</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>F.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">5,848,563&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">1,260,000</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>W.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">1,608,726&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">1,155,000</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>K. Loring
</B>(hired in July 2014)<B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">1,022,323&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">1,080,000</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Based on salaries excluding the impact of the temporary salary reductions. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee monitors compliance with the guidelines, interprets them, and must approve exceptions.&nbsp;The Committee also periodically reviews the guidelines and
compares them with market data reported by the independent consultant and others. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Consistent with the objectives of the stock ownership guidelines, the company
prohibits its insiders (including directors, officers, and other employees with access to material inside information about Applied) from engaging in: </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Short sales of Applied&#146;s stock; </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Market transactions in puts, calls, warrants, or other derivative securities based on Applied stock;&nbsp;and
</P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Hedging or monetization transactions such as prepaid variable forward contracts, equity swaps, collars, and exchange funds.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">33</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Clawback Provisions </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Because incentive awards are intended to motivate executives to act in Applied&#146;s best interests, the Committee includes provisions in award terms to claw back
compensation under certain circumstances: </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Committee may terminate or rescind an award and, if applicable, require an executive to repay cash or shares (and
dividends, distributions, and dividend equivalents paid thereon) issued pursuant to the award within the previous 12 months (and proceeds thereof), if the Committee determines that, during the executive&#146;s employment with Applied or during the
period ending 12 months following separation from service, the executive competed with Applied or in certain other circumstances engaged in acts inimical to Applied&#146;s interests. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Committee may require an executive to repay cash or shares (and dividends, distributions, and dividend equivalents paid
thereon) issued pursuant to an award within the previous 36&nbsp;months (and proceeds thereof) if (i)&nbsp;Applied restates its historical consolidated financial statements and (ii)&nbsp;the Committee determines that (x)&nbsp;the restatement is a
result of the executive&#146;s, or another executive officer&#146;s, willful misconduct that is unethical or illegal, and (y)&nbsp;the executive&#146;s earnings pursuant to the award were based on materially inaccurate financial statements or
materially inaccurate performance metrics that were invalidated by the restatement. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Tax Deductibility and Regulatory
Considerations </B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Internal Revenue Code (the &#147;Code&#148;) section&nbsp;162(m) limits the amount of compensation a publicly held corporation may deduct
as a business expense for federal income tax purposes. The limit, which applies to the principal executive officer, the principal financial officer, and the three other most highly compensated executive officers, as well as certain former executive
officers, is $1&nbsp;million per individual per year, subject to certain exceptions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Prior to January&nbsp;1, 2018, the law provided an exception for
performance-based compensation. Effective with The Tax Cuts and Jobs Act of 2017, this exception was repealed; accordingly, new performance-based awards under executive incentive programs are subject, like other compensation, to the limit on
deductibility. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In general, the Committee has sought to preserve the tax deductibility of compensation without compromising the Committee&#146;s flexibility in
designing an effective, competitive compensation program. The Committee has paid, and reserves the right to continue to pay, nondeductible compensation if it is in Applied&#146;s best interests. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Conclusion </B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee reviews all
components of Applied&#146;s executive compensation program. When making a decision regarding any component of an executive officer&#146;s compensation, the Committee takes into consideration the other components. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Committee believes that the executive officers&#146; compensation is appropriate and that the program&#146;s components are consistent with market standards. The
program takes into account Applied&#146;s performance compared to the Peer Group, and appropriately aligns executive compensation with Applied&#146;s annual and long-term financial results and to long-term financial return to shareholders. The
Committee believes the foregoing philosophy is consistent with Applied&#146;s culture and objectives and will continue to serve as a reasonable basis for administering Applied&#146;s total compensation program for the foreseeable future.</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">34&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_23"></A>Summary Compensation Table&nbsp;&#151; Fiscal Years 2020, 2019, and
2018 </B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table summarizes information, for the years ended June&nbsp;30, 2020, 2019, and 2018, regarding the compensation of Applied&#146;s
CEO, CFO, and the three other most highly compensated executive officers at June&nbsp;30, 2020. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


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<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name and</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Principal&nbsp;Position</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Year&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Salary&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (1)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Stock&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Awards&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;Option&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;Awards&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;($) (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B><FONT
STYLE="white-space:nowrap">Non-Equity&nbsp;&nbsp;</FONT></B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Incentive Plan&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Compensation&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (3)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change&nbsp;in&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Pension&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Value&nbsp;and&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Nonqualified&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Deferred&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Compensation&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Earnings&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (4)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>All
Other&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Compensation&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (5)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="3" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Neil A. Schrimsher</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B></B>President&nbsp;&amp; Chief Executive Officer<B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2020</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">864,275</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,131,751</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">609,782</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">942,921</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">159,075</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,707,804</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">900,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,000,363</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">696,010</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">652,239</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">244,765</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,493,377</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">2018</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">875,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,604,070</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">562,330</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,371,014</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">228,898</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,641,312</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="2" BGCOLOR="#e5f0fb"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>David K. Wells</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B></B>Vice President&nbsp;&#150;<B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B></B>Chief <B></B>Financial <B></B>Officer&nbsp;&amp; <B></B>Treasurer<B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2020</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">433,887</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">354,462</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">118,088</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">285,371</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">38,029</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,229,837</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">425,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">353,943</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">122,250</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">196,193</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">51,279</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,148,665</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2018</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">410,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">278,730</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">97,612</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">392,357</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">214,218</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,392,917</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="3" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Fred D. Bauer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B></B>Vice President&nbsp;&#150; General Counsel&nbsp;&amp; Secretary<B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2020</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">414,165</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">306,123</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,764</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">230,492</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">926,654</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">43,204</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,020,402</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">420,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">310,589</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">109,210</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">159,436</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">171,316</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54,767</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,225,318</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">2018</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">410,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">262,940</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">92,307</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">327,485</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">51,375</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,144,107</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="3" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Warren E. Hoffner</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B></B>Vice President, General Manager &#150; Fluid Power&nbsp;&amp; Flow Control<B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2020</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">379,651</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">268,534</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">88,566</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">230,492</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">32,842</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,000,085</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">375,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">252,669</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">88,020</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">155,295</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">41,908</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">912,892</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">2018</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">342,500</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">183,990</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">65,782</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">290,543</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">37,422</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">920,237</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="3" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Kurt W. Loring</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B></B>Vice President &#150; Chief Human Resources Officer<B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2020</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">354,999</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">284,647</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">94,674</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">201,524</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">29,518</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">965,362</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">360,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">288,912</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">101,060</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">136,660</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">39,986</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">926,618</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">2018</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">348,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">242,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">84,880</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">281,791</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">36,105</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">992,776</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Amid the economic downturn that arose out of the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and the
responsive actions of governmental authorities and businesses, base salaries were temporarily reduced beginning in <FONT STYLE="white-space:nowrap">mid-April</FONT> 2020 and continuing into fiscal 2021. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Amounts represent the aggregate grant date fair value of awards computed in accordance with FASB ASC Topic 718, excluding
the effect of estimated forfeitures. The assumptions used to determine the awards&#146; grant date fair values are described in the notes to Applied&#146;s consolidated financial statements, included in our annual reports on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for those years. The 2020 awards are described in the Compensation Discussion and Analysis at pages <FONT STYLE="white-space:nowrap">27-30</FONT> and the Grants of Plan-Based Awards table at page 37. The
amounts reported for 2020 in the Stock Awards column are totals of the following: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>RSUs&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Performance&nbsp;Shares&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>N. Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-BOTTOM:1px solid #9cc2e5">592,570</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">1,539,181</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>D. Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-BOTTOM:1px solid #9cc2e5">113,127</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;241,335</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>F. Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;96,966</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;209,157</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>W. Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;86,192</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;&nbsp;&nbsp;182,342</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="padding-bottom:2pt ;BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>K. Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;91,579</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="padding-bottom:2pt ;BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">&nbsp;&nbsp;&nbsp;193,068</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Performance shares&#146; grant date fair values assume performance at the target achievement level. If instead it were
assumed that the highest level of performance would be achieved, then the grant date fair values would be twice the amounts reported for the performance shares. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">35</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Amounts shown reflect Management Incentive Plan earnings. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Mr.&nbsp;Bauer participates in the Supplemental Executive Retirement Benefits Plan, a nonqualified defined benefit plan
that was frozen in 2012. He is the only remaining active participant. The amounts in this column reflect increases in the estimated actuarial present values of his historical accrued benefits. Mr.&nbsp;Bauer is partially vested in his benefits.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">The 2020 figure is the difference between the number shown in the Pension Benefits table on page&nbsp;41 for <FONT
STYLE="white-space:nowrap">2020&nbsp;year-end</FONT> and the same item calculated for July&nbsp;1, 2019. See the notes to that table for information regarding how estimated amounts were calculated. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">In 2012, the Committee stopped the accrual of additional plan benefits by virtue of years of service and compensation levels. Accordingly, the values in
this column relate to changes in the discount rate and the components of the three-segment interest rate structure, as well as to mortality factor adjustments, as described below. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">The SERP uses interest rates and mortality tables imposed on <FONT STYLE="white-space:nowrap">tax-qualified</FONT> pension plans by Code
section&nbsp;417(e). The value for 2020 reflects a 1.50% discount rate and a three-segment interest rate structure in effect for January 2020, with 1.91% for the first five years, 2.93% for the next 15&nbsp;years, and 3.54% thereafter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">The value for 2019 reflects a 2.75% discount rate and a three-segment interest rate structure in effect for January 2019, with 3.19% for the first five
years, 4.25% for the next 15&nbsp;years, and 4.60% thereafter. The value for 2018 reflect a 3.50% discount rate and a three-segment interest rate structure in effect for January 2018, with 2.48% for the first five years, 3.65% for the next
15&nbsp;years, and 4.15% thereafter. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">In addition, in each successive year, the mortality table reflects adjustments pursuant to Code
section&nbsp;417(e). Present values were determined assuming zero probability of termination, retirement, death, or disability before normal retirement age (age 65). </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Amounts in this column for 2020 are totals of the following: </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Retirement Savings Plan (section&nbsp;401(k) plan) matching contributions, </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">KERP account credits, </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Company contributions for executive life insurance, for a $300,000 benefit, and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Estimated values of perquisites and other personal benefits. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">Amounts relating to the following perquisites and other personal benefits provided to NEOs are included: annual expense related to post-retirement health
care coverage for Messrs. Schrimsher and Bauer (the only remaining active executives eligible for this benefit), and company contributions for officer-level accident insurance benefits. No perquisite or personal benefit exceeded the greater of
$25,000 or 10% of the total amount of perquisites and personal benefits in 2020. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL">The following table itemizes &#147;All Other Compensation&#148; for
2020: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="90%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Retirement&nbsp;Savings</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Plan&nbsp;Contributions&nbsp;($)&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Key&nbsp;Executive</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Restoration&nbsp;Plan</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Account&nbsp;Credits&nbsp;($)&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B><FONT STYLE="white-space:nowrap">Gross-up</FONT><BR>&nbsp;&nbsp;Payments&nbsp;($)&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Life&nbsp;Insurance&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Benefits ($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Perquisites&nbsp;and&nbsp;Other&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Personal&nbsp;Benefits ($)</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>N.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">7,269</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">146,935</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;&nbsp;814</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">4,057</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>D.
Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">6,069</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;30,875</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">1,028</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>F.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">5,977</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;27,815</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;&nbsp;755</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">8,657</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>W.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">5,110</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;26,252</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">1,423</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>K.
Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">6,323</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;22,641</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;&nbsp;497</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

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<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">36&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_24"></A>Grants of Plan-Based Awards&nbsp;&#151; Fiscal Year 2020
</B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In 2020, the Executive Organization&nbsp;&amp; Compensation Committee awarded the following incentive opportunities and grants under the 2015 Long-Term
Performance Plan to the NEOs: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Grant Date</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" STYLE="BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Estimated&nbsp;Future&nbsp;Payouts</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Under <FONT STYLE="white-space:nowrap">Non-Equity</FONT> Incentive Plan<BR>Awards (1)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" STYLE="BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Estimated Future
Payouts</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Under Equity Incentive Plan</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Awards (2)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:2.00pt solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>All</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Other</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Stock</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Awards:</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Number</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>of Units</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(#) (3)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE=" BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>All Other</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Option</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Awards:</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Number</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;of&nbsp;Securities&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Underlying</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Options&nbsp;(#)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE=" BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Base</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Price&nbsp;of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Option</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Awards</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($/Share)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>(4)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE=" BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Grant</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Date Fair</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Value of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Stock and</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Option</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Awards&nbsp;($)&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE=" BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Threshold</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Target</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Maximum</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Threshold</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(#)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Target</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(#)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:2.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Maximum</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(#)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="4" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>N. Schrimsher</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">11,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">592,570&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">59,900&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="center">53.87</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">609,782&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Perf. Shares)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">14,350</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">28,700</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">57,400</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Management</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Incentive&nbsp;Plan)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">472,500</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">945,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,890,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="4" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>D. Wells</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,100</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">113,127&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">11,600&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="center">53.87</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">118,088&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Perf. Shares)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,250</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,500</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Management</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Incentive&nbsp;Plan)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">143,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">286,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">572,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="4" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>F. Bauer</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,800</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">96,966&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,800&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="center">53.87</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,764&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Perf. Shares)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,950</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,900</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">7,800</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Management</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Incentive&nbsp;Plan)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">115,500</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">231,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">462,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="4" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>W. Hoffner</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,600</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">86,192&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8,700&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="center">53.87</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">88,566&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Perf. Shares)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,700</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,400</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">6,800</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Management</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Incentive&nbsp;Plan)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">115,500</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">231,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">462,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ROWSPAN="4" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>K. Loring</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,700</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">91,579&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">8/13/2019</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,300&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="center">53.87</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">94,674&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Perf. Shares)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,800</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,600</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">7,200</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">9/13/2019<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">(Management</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Incentive&nbsp;Plan)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">198,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">396,000</TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">The 2020 Management Incentive Plan is described in the Compensation Discussion and Analysis at pages <FONT
STYLE="white-space:nowrap">25-27.</FONT> Payouts under the plan are shown in the column marked <FONT STYLE="white-space:nowrap">&#147;Non-Equity</FONT> Incentive Plan Compensation&#148; in the Summary Compensation Table. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">The 2020-2022 performance shares program is described in the Compensation Discussion and Analysis at pages <FONT
STYLE="white-space:nowrap">29-30.</FONT> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">RSUs are described in the Compensation Discussion and Analysis at page 29. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">SARs are described in the Compensation Discussion and Analysis at page 28. Their base price is our stock&#146;s closing
price on the NYSE on the grant date. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

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<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">37</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_25"></A>Outstanding Equity Awards at Fiscal
<FONT STYLE="white-space:nowrap">2020&nbsp;Year-End</FONT> </B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The table below presents information about the NEOs&#146; outstanding SARs, RSUs, and
performance shares at June&nbsp;30, 2020. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="19" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Option Awards</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="19" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Stock Awards</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Number of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Securities</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Underlying</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Unexercised</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Options</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;(#)&nbsp;Exercisable&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Number of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Securities</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Underlying</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Unexercised</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Options</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;(#)&nbsp;Unexercisable&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Option</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Exercise</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Price</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;($/Share)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Option</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Expiration&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Date</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Number&nbsp;of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Units of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Stock&nbsp;That</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Have Not</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Vested&nbsp;(#)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Market</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Value</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>of&nbsp;Units&nbsp;of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Stock&nbsp;That</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Have Not</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;Vested&nbsp;($)&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Equity&nbsp;Incentive</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Plan Awards:</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Number of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unearned&nbsp;Shares&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>That Have Not</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Vested&nbsp;(#)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Equity&nbsp;Incentive</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Plan Awards:</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Market&nbsp;or&nbsp;Payout</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Value of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Unearned&nbsp;Shares&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>That Have Not</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Vested&nbsp;($)</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><B>N. Schrimsher</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">87,600</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">32.30</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">10/25/2021</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">34,400</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">41.29</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2022</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">35,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">50.74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2023</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">37,500</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">49.04</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/12/2024</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">64,800</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">38.36</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2025</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54,075</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">18,025&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(1)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">48.19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2026</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">26,500</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">26,500&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(2)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54.90</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/10/2027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">10,675</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">32,025&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(3)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">74.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2028</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">59,900&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(4)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">53.87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2029</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,800&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(5)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">611,422</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">22,082&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(6)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,377,696</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8,900&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(7)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">555,271</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">11,048&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(8)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">689,285</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">11,000&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(9)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">686,290</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">26,347&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(10)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,643,789</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><B>D. Wells</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">27,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">57.85</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">6/21/2027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,600</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,600&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(2)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54.90</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/10/2027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,875</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">5,625&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(3)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">74.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2028</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">11,600&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(4)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">53.87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2029</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,700&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(5)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">106,063</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,840&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(6)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">239,578</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,600&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(7)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,824</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,939&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(8)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">120,974</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,100&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(9)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">131,019</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,131&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(10)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">257,733</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><B>F. Bauer</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8,800</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">26.96</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2021</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8,400</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">41.29</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2022</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">7,600</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">50.74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2023</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">7,300</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">49.04</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/12/2024</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">12,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">38.36</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2025</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,900</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,300&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(1)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">48.19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2026</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,350&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(2)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54.90</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/10/2027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,675</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">5,025&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(3)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">74.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2028</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,800&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(4)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">53.87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2029</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,600&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(5)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,824</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,627&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(6)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">226,289</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,400&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(7)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">87,346</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,704&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(8)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">106,313</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,800&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(9)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">112,302</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,580&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(10)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">223,356</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><B>W. Hoffner</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">12,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">41.29</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2022</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">50.74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2023</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,300</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">49.04</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/12/2024</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">7,100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">38.36</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2025</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">6,600</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,200&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(1)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">48.19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2026</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,100&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(2)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54.90</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/10/2027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,050&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(3)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">74.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2028</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8,700&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(4)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">53.87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2029</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,100&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(5)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">68,629</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,561&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(6)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">159,781</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,100&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(7)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">68,629</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,410&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(8)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">87,970</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,600&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(9)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,824</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,121&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">(10)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">194,719</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><B>K. Loring</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">29,900</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">49.04</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/12/2024</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">11,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">38.36</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2025</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,075</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,025&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(1)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">48.19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/11/2026</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,000&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(2)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">54.90</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/10/2027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,550</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">4,650&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(3)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">74.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/9/2028</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">9,300&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(4)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">53.87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">8/13/2029</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,500&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(5)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">93,585</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,308&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(6)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">206,386</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,300&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(7)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">81,107</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,587&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(8)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">99,013</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,700&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(9)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">106,063</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,305&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">(10)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">206,199</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">38&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These SARs vested on August&nbsp;11, 2020. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">Half of these SARs vested on August&nbsp;10, 2020. The remaining SARs vest on August&nbsp;10, 2021. </P></TD></TR></TABLE>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">One third of these SARs vested on August&nbsp;9, 2020. The remaining SARs vest in equal increments on August&nbsp;9, 2021
and 2022. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">One quarter of these SARs vested on August&nbsp;13, 2020. The remaining SARs vest in equal increments on August&nbsp;13,
2021, 2022, and 2023. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These RSUs vested on August&nbsp;10, 2020. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These awards are the 2018-2020 performance shares described in the Compensation Discussion and Analysis at page 31. The
performance period ended on June&nbsp;30, 2020, and performance for the final year was certified on August&nbsp;11, 2020. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These RSUs vest on August&nbsp;9, 2021. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These awards are the 2019-2021 performance shares described in the Compensation Discussion and Analysis at pages <FONT
STYLE="white-space:nowrap">30-31.</FONT> The performance period ends on June&nbsp;30, 2021. The amounts shown include performance shares banked for 2019 and 2020, and targeted for 2021. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These RSUs vest on August&nbsp;13, 2022. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(10)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">These awards are the 2020-2022 performance shares described in the Compensation Discussion and Analysis at pages <FONT
STYLE="white-space:nowrap">29-30.</FONT> The performance period ends on June&nbsp;30, 2022. The amounts shown include performance shares banked for 2020 and targeted for 2021 and 2022. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_26"></A>Option Exercises and Stock Vested&nbsp;&#151; Fiscal Year 2020 </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table shows the value realized in 2020 by the NEOs on the exercise of SARs and the vesting of RSUs and banked performance shares. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="88%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Option Awards</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Stock Awards</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Number&nbsp;of&nbsp;Shares</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Acquired&nbsp;on&nbsp;Exercise&nbsp;(#)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value&nbsp;Realized&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on&nbsp;Exercise&nbsp;($)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Number&nbsp;of&nbsp;Shares</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Acquired&nbsp;on&nbsp;Vesting&nbsp;(#)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value&nbsp;Realized&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on&nbsp;Vesting&nbsp;($)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>N.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">44,821</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,430,089</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>D.
Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,486</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">89,323</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>F.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">8,232</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">446,251</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>W.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">21,375</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">851,135</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">5,521</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">299,327</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>K.
Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">7,529</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">408,233</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_27"></A>Nonqualified Deferred Compensation </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied maintains two nonqualified, unfunded defined contribution plans for key employees, including executive officers. Eligibility is limited to highly compensated or
select management employees whose benefits under the Retirement Savings Plan (&#147;RSP&#148;) are subject to certain Code limitations. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Key Executive Restoration Plan (&#147;KERP&#148;) </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The KERP is an unfunded, nonqualified deferred compensation plan. To participate, an executive must be designated by the Committee or the Board. Applied credits a
bookkeeping account for each participant with an amount equal to (i)&nbsp;6.25% (unless the Committee or the Board specifies a different percentage) of the participant&#146;s base salary and annual actual cash incentive pay minus (ii)&nbsp;the
amount of company contributions credited to the participant under the RSP for the calendar year. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">To be eligible for KERP account credits, participants must elect to
make 401(k) contributions under the RSP of either 6% of compensation or the applicable Code contribution limit and must be employed on the last day of a year or have retired, died, or become disabled during the year. Unless otherwise determined by
the Committee or the Board, credits to a participant&#146;s account vest based on years of service with Applied, 25%&nbsp;per year. In addition, a participant will be 100% vested in the event of attainment of age 65, death, disability, or certain
separations from service within one year after a change in control (as defined in the KERP). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Account balances are deemed invested in mutual funds the participant
selects from among diverse investment options. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Each NEO participates in the KERP. The Committee has set Mr.&nbsp;Schrimsher&#146;s account credit percentage at 10%.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">39</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Supplemental Defined Contribution Plan </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Supplemental Defined Contribution Plan permits highly compensated employees to defer a portion of their compensation that cannot be deferred under the RSP due to
Code limitations. Applied does not contribute to the plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Participants are always vested in their deferrals. Account balances are deemed invested in mutual funds
the participant selects from a menu of diverse investment options. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Participants may receive distributions in a lump sum or in installments, as specified in the
deferral election form. Acceleration of distributions is prohibited and a distribution change must comply with Code section&nbsp;409A. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Messrs. Schrimsher, Wells,
Bauer, and Loring have plan accounts and made deferrals into the plan in 2020. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Nonqualified Deferred Compensation&nbsp;&#151; Fiscal Year
2020 </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table presents contributions, earnings, distributions, and balance information for the NEOs&#146; Key Executive Restoration Plan and
Supplemental Defined Contribution Plan accounts for 2020. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="89%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:34pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:34pt"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:39pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:39pt"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:42pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:42pt"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:38pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:38pt"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:35pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:35pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Name and Plan</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Executive</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Contributions&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>in&nbsp;Last&nbsp;FY&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Registrant</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Contributions</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;in&nbsp;Last&nbsp;FY&nbsp;($)&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Aggregate</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Earnings&nbsp;(Losses)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>in&nbsp;Last&nbsp;FY&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Aggregate</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Withdrawals/</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;Distributions&nbsp;($)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-TOP:1px solid #bfbfbf" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Aggregate</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Balance&nbsp;at</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Last&nbsp;FYE&nbsp;($)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="2" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><B>&nbsp;N. Schrimsher</B></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="4" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="4" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="4" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD COLSPAN="4" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="4" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Key Executive Restoration&nbsp;Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">139,809</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">(71,808</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">)</TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,433,869</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Supplemental Defined Contribution
Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">244,969</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">148,648</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">2,999,119</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>&nbsp;D. Wells</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Key Executive Restoration&nbsp;Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">29,426</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,558</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">93,210</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Supplemental Defined Contribution
Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">42,020</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">15,001</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">149,067</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>&nbsp;F. Bauer</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Key Executive Restoration&nbsp;Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">25,979</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">5,770</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">273,575</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Supplemental Defined Contribution
Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">77,016</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">10,255</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">352,568</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>&nbsp;W. Hoffner</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Key Executive Restoration Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">25,635</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">1,811</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">123,726</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" BGCOLOR="#e5f0fb"></TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="5" STYLE="BORDER-LEFT:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>&nbsp;K. Loring</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Key Executive Restoration Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">21,543</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,159</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">154,519</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.20em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Supplemental Defined Contribution
Plan</P></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">34,055</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">3,975</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD>
<TD VALIGN="bottom" BGCOLOR="#e5f0fb" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb" ALIGN="right">100,133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#e5f0fb"></TD></TR>
</TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT COLOR="#1a1918">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:ARIAL; " ALIGN="left"><FONT COLOR="#1a1918">Key Executive Restoration Plan credits are shown net of withholding for certain taxes. The gross
amounts are shown as a component of &#147;All Other Compensation&#148; in note (5)&nbsp;to the Summary Compensation Table on page 36. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT
 COLOR="#1169c4"><B><A NAME="tx922255_28"></A>Pension Plans </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Supplemental Executive Retirement Benefits Plan (the &#147;SERP&#148;), a nonqualified
defined benefit plan, provides supplemental retirement benefits to executive officers the Committee designated as participants more than a decade ago. In 2012, the Committee froze participation in the SERP and stopped the accrual of additional plan
benefits (by virtue of years of service and compensation levels). Mr.&nbsp;Bauer is the only remaining active participant. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The SERP&#146;s principal features
follow: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Retirement Benefits.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;The annual normal retirement
benefit, calculated in a single life annuity form, is 45% of a participant&#146;s average base salary and annual incentive pay for the highest three calendar years during the last 10 years of service prior to calendar 2012. To receive a normal
retirement benefit, a participant must separate from service at or after age&nbsp;65. To receive an early retirement benefit prior to attainment of age&nbsp;65, a participant must separate from service after reaching age&nbsp;55 and completing at
least 10&nbsp;years&#146; service with Applied, of which at least five were as an executive officer. Mr.&nbsp;Bauer has the requisite service but is 54 years old and not yet eligible for early retirement. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Early retirement benefits are reduced by 5% for each year that the commencement of benefits precedes age&nbsp;65. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Disability Benefits.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;If a participant becomes disabled, the
participant will receive a monthly SERP disability benefit until the earlier of age&nbsp;65 or death. The monthly benefit, when added to other long-term disability benefits under </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">40&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right"> Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">
Applied programs, will equal 1/12th&nbsp;of 60% of the average of the participant&#146;s highest three calendar years of base salary plus annual incentive pay during the last 10 years of service
prior to calendar 2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B><I>Deferred Vested Benefits.</I></B></FONT><FONT
STYLE="font-family:ARIAL; font-size:10pt">&nbsp;Deferred vested benefits are paid at age&nbsp;65 to a participant who separates from service for reasons other than cause or disability prior to age&nbsp;55 with at least 10&nbsp;years&#146; service,
including at least five as an executive officer. The benefits equal 25% of the participant&#146;s accrued normal retirement benefit. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT
STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4">Payment Forms.</FONT></I></B>&nbsp;Normal and early retirement benefits are paid as designated by the participant. Deferred vested benefits are payable in three substantially equal annual
installments following attainment of age&nbsp;65. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B><I>Death Benefits.</I></B></FONT><FONT
STYLE="font-family:ARIAL; font-size:10pt">&nbsp;If a participant dies before receiving a SERP benefit, the participant&#146;s designated beneficiary will receive the present value of the accrued benefit in a lump sum or installments, as the
participant elects in advance. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#1169c4"><B><I>Noncompetition. </I></B></FONT><FONT
STYLE="font-family:ARIAL; font-size:10pt">Except if a change in control occurs, payment of SERP benefits is conditioned on the participant not competing with Applied. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Pension Benefits&nbsp;&#151; Fiscal <FONT STYLE="white-space:nowrap">2020&nbsp;Year-End</FONT> </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table shows the present value of accumulated benefits payable to the NEOs under the SERP. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="23%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-TOP:1px solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>Name</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Plan&nbsp;Name&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Number&nbsp;of&nbsp;Years&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Credited&nbsp;Service&nbsp;(#)&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Present&nbsp;Value&nbsp;of&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Accumulated&nbsp;Benefit&nbsp;($)&nbsp;(2)&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Payments&nbsp;during&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Last&nbsp;Fiscal&nbsp;Year&nbsp;($)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>N.
Schrimsher</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&#151;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>D.
Wells</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&#151;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>F.
Bauer</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">SERP</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">19.3</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">3,894,516</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">0</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>W.
Hoffner</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&#151;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>K.
Loring</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1169c4">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #1169c4; BORDER-BOTTOM:1px solid #1169c4; padding-right:2pt">&#151;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">In 2012, the Committee stopped the accrual of additional plan benefits by virtue of years of service and compensation
levels. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">This figure reflects the estimated present value of the annual pension benefit accrued through June&nbsp;30, 2020, and
payable at age 65. The plan&#146;s actuary used the following key assumptions to determine the present value: </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; ">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">A discount rate of 1.50%, the FASB ASC&nbsp;715 discount rate as of June&nbsp;30, 2020, </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; ">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">The Pension Protection Act 2020 Optional Combined Unisex Mortality Table and a three-segment interest rate structure in
effect for January 2020 with 1.91% for the first five years, 2.93% for the next 15&nbsp;years, and 3.54% thereafter, and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; ">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">No probability of termination, retirement, death, or disability before normal retirement age. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:8.5pt; font-family:ARIAL">Actual payments after retirement are determined based on the Code section&nbsp;417(e) interest rate and mortality table in effect at that time, along
with the participant&#146;s age. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL; " ALIGN="left">SERP benefits are not subject to deductions for Social Security benefits or other material offset amounts. Mr.&nbsp;Bauer
has not attained 55 years of age but is eligible for deferred vested benefits. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_29"></A>Potential
Payments upon Termination or Change in Control </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The summaries and tables in this section describe compensation and benefits that would have been payable
to the NEOs at June&nbsp;30, 2020, if, as of that date, there had occurred </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; font-size:8pt">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left">A termination of the executive&#146;s employment with Applied prior to a change in control, </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; font-size:8pt">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left">A termination of employment due to death, disability, or retirement, </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; font-size:8pt">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left">A change in control of Applied, or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman; font-size:8pt">&#9679;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL; " ALIGN="left">A termination of employment following a change in control. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Compensation and benefits earned or accrued prior to the event, and not contingent on the event&#146;s occurrence, are not included in the summaries or tables. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Payments in the Event of a Termination </B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Except
for Mr.&nbsp;Schrimsher, Applied does not have a formal severance arrangement that provides payments to the NEOs if termination of employment occurs (other than in the circumstance of a change in control or because of death,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">41</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">
disability, or retirement). The Board of Directors and its Executive Organization&nbsp;&amp; Compensation Committee retain discretion to determine severance benefits, if any, to be offered. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Upon his hire, Applied and Mr.&nbsp;Schrimsher entered into an executive severance agreement providing that, if his service with Applied were terminated within a year of
the agreement effective date by Applied &#147;without cause&#148; or by him &#147;for good cause,&#148; he would be entitled to severance in an amount equal to his base salary plus target annual incentive pay for a period running from his
termination date to the second anniversary of the agreement effective date. He would not, however, be entitled to payment under the executive severance agreement if he received payment under his change in control agreement. The executive severance
agreement automatically renews annually (as it did in October 2019) unless Applied elects not to renew it prior to expiration of the then-current term.</P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Regardless of
reason, if an NEO&#146;s employment terminates (other than in the circumstance of a change in control or because of death, disability or retirement) prior to the end of a vesting or performance period, then the following shall occur: </P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Awards under an annual cash incentive plan are forfeited, except as noted above under Mr.&nbsp;Schrimsher&#146;s executive
severance agreement. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Performance shares, RSUs, and unvested SARs are forfeited. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Unvested KERP account balances are forfeited. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Accrued SERP benefits are forfeited if the participant separates from service prior to becoming eligible for normal, early,
or deferred vested retirement benefits. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The accrual of other compensation and benefits under Applied&#146;s qualified and nonqualified benefit plans will cease.
</P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Payments in the Event of Death, Disability, or Retirement </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">If an NEO&#146;s employment terminates because of death, disability, or retirement (other than following a change in control), then the following shall occur: </P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Awards under an annual cash incentive plan are payable pro rata at the end of the performance period based on the portion
of the period during which the executive worked and the actual achievement of performance targets. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Performance shares are payable at the end of the performance period based on the portion of the period during which the
executive worked and tied to actual performance. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">RSUs are payable pro rata, pegged to the portion of the three-year term during which the executive worked.
</P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">SARs that have not yet vested will vest, but the term for the outstanding SARs is truncated to three years.
</P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Unvested KERP account balances vest in the event of death, disability, or attainment of age 65. Accounts are also credited
for the portion of the calendar year worked in the event of death, disability, or retirement after attaining age 55 with at least ten years of service. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">SERP benefits payable on death, separation from service, or termination due to disability are more fully described in
&#147;Pension Plans.&#148; </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Upon retirement after attaining age 55 with at least ten years of service or termination due to disability after reaching
age&nbsp;55, Applied provides continuation health care coverage, at the active employee premium rate, for the <FONT STYLE="white-space:nowrap">18-month</FONT> COBRA period. In addition, when the retiree attains age&nbsp;65, Applied provides Medicare
supplement coverage through a third-party policy. Individuals first elected as executive officers after 2012 are not eligible for the benefits. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The accrual of other compensation and benefits under Applied&#146;s qualified and nonqualified benefit plans will cease.
</P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Payments in the Event of a Change in Control </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Change in Control Agreements.</I></B></FONT><FONT STYLE="font-family:ARIAL"> The company&#146;s only change in
control agreements are with Messrs. Schrimsher, Wells, Bauer, and Loring. Agreements entered into after 2011 include terms that are more restrictive. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">42&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The agreements obligate Applied to provide severance benefits to an executive officer who incurs a separation from
service effected either by the officer for &#147;good reason&#148; or by Applied &#147;without cause&#148; if the separation occurs within two years (three years in the oldest agreement, with Mr.&nbsp;Bauer) after a change in control. The executive
officer, in turn, is required not to compete with Applied for three years following the separation (one year for Mr.&nbsp;Bauer) and to hold in confidence Applied confidential information and trade secrets. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">No compensation or benefits are payable under a change in control agreement on termination of the executive&#146;s employment prior to a change in control, or following
a change in control if the executive&#146;s employment is terminated by Applied for cause or by reason of death, disability, or retirement. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The compensation and
principal benefits to be provided under the outstanding agreements with the NEOs follow: </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">A lump sum severance payment equal to three times (one and <FONT STYLE="white-space:nowrap">one-half</FONT> times for
Messrs. Wells and Loring) the aggregate amount of the executive&#146;s annual base salary and target annual incentive pay, reduced proportionately if the officer would reach age&nbsp;65 within three years after termination
(Mr.&nbsp;Schrimsher&#146;s agreement also entitles him to a prorated target annual incentive payment for the year in which termination occurs), </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">A cash payment for vested, unexercised SARs, equal to the difference between the exercise price and the higher of
(i)&nbsp;the mean of the high and low trading prices on the NYSE on the termination date, and (ii)&nbsp;the highest price paid for Applied common stock in connection with the change in control, </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Continued participation in certain employee benefit plans, programs, and arrangements, or equivalent benefits for three
years (one and <FONT STYLE="white-space:nowrap">one-half</FONT> years for Messrs. Wells and Loring) after termination at the levels in effect immediately before termination, </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Outplacement services,&nbsp;and </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">In the oldest agreement, with Mr.&nbsp;Bauer, an additional payment in an amount sufficient, after payment of taxes on the
additional payment, to pay any required &#147;parachute&#148; excise tax. This <FONT STYLE="white-space:nowrap">gross-up</FONT> is not included in the agreements entered into subsequent to 2011, with Messrs.&nbsp;Schrimsher, Wells, and Loring;
instead, the agreements provide that if the executive&#146;s change in control payment would be subject to the excise tax, then the payment will be reduced as necessary to avoid application of the excise tax. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&#147;Change in control&#148; is generally defined as follows: </P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">A merger of Applied with another entity or a sale of substantially all of Applied&#146;s assets to a third party, following
which Applied&#146;s shareholders prior to the transaction hold less than a majority of the combined voting power of the merged entities or asset acquirer, </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Acquisition of beneficial ownership by a person of 30% or more (20% or more in Mr.&nbsp;Bauer&#146;s agreement) of
Applied&#146;s then-outstanding common stock,&nbsp;or </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">One half or more (one quarter or more in Mr.&nbsp;Bauer&#146;s agreement) of the members of the Board of Directors being
persons other than (i)&nbsp;directors who were in office on the agreement date, or (ii)&nbsp;directors who are elected after such date and whose nomination or election is approved by <FONT STYLE="white-space:nowrap">two-thirds</FONT> of directors
then in office or their successors approved by that proportion. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&#147;Good reason&#148; means the following: </P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Diminution of position or assigned duties, excluding an isolated, insubstantial, and inadvertent action not taken in bad
faith, </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Reduction of compensation, incentive compensation potential, or benefits following a change in control, other than an
isolated, insubstantial, and inadvertent failure not occurring in bad faith, </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Applied requiring the executive to change principal place of employment or to travel to a greater extent than required
immediately prior to a change in control,&nbsp;or </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Failure of a successor to Applied to assume Applied&#146;s obligations under the agreement. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied may modify or terminate its obligations under the agreements prior to a change in control so long as the modification or termination is not made in anticipation
of or in connection with a change in control. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">43</TD></TR></TABLE>

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<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>2019 Long-Term Performance Plan.</I></B></FONT><FONT
STYLE="font-family:ARIAL">&nbsp;The 2019 Long-Term Performance Plan and its predecessor, the 2015 Long-Term Performance Plan, provide that if an executive officer incurs a separation from service effected either by Applied without &#147;cause&#148;
or by the officer for &#147;good reason&#148; (as each term is defined in the plan) within one year following a change in control, then unvested SARs become exercisable and awards under a cash incentive plan become earned at the target amount. In
addition, under the same circumstances, pursuant to the award terms and conditions, RSUs will vest in full, and performance shares will be payable at the target amount on a pro rata basis pegged to the timing of the separation in the three-year
performance period. These provisions may be excluded in specific award terms and conditions. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Key
Executive Restoration Plan.</I></B></FONT><FONT STYLE="font-family:ARIAL"> If a KERP participant incurs a separation from service effected either by Applied without &#147;cause&#148; or by the participant for &#147;good reason&#148; within one year
after a change in control, unvested balances in the participant&#146;s account will vest. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Supplemental
Executive Retirement Benefits Plan.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;If a SERP participant incurs a separation from service effected either by Applied without &#147;cause&#148; or by the participant for &#147;good reason&#148;
within two years after a change in control, or is receiving, or is eligible to receive, a retirement benefit when the change in control occurs, the participant will receive the benefit&#146;s actuarial equivalent in a lump sum. In addition, if such
a separation occurs following a change in control, a participant under age 55 will be credited with additional years of age equal to the difference between the participant&#146;s age and 55. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1169c4"><B><I>Quantitative Disclosure.</I></B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;The following tables assume a
termination or change in control occurred on June&nbsp;30, 2020, the last day of our fiscal year, and Applied&#146;s stock price for all calculations is $62.39, the closing price on the NYSE on the last trading day of the fiscal year. The tables
include amounts earned through that time and estimates of amounts that would be paid on the occurrence of the events shown. The actual amounts can be determined only at the time of the event. The amounts shown do not include benefits and payments
that are generally available to salaried employees on a nondiscriminatory basis. Also, as noted above, compensation and benefits earned by an executive prior to an event, and not contingent on the event&#146;s occurrence, are not reflected in the
tables. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TR STYLE="font-size:1pt">
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<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">44&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Neil A. Schrimsher, President&nbsp;&amp; Chief Executive Officer</B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Benefits and</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Payments</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(No Change</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>in Control)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Normal</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Retirement&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Early</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Retirement&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (2)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Cause</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Without</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Cause or</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Good</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Reason</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control (No</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination)&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Death&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>due to</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Disability</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"><B>Base Salary</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,171,224&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,700,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Management
Incentive Plan</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,229,785&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,835,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Performance
Shares</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,126,126&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,126,126&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,126,126</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>SARs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">964,788&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">964,788&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">964,788</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>RSUs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,852,983&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,140,262&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,140,262</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>KERP
(3)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">73,468&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">73,468</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Health Care
Benefits</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">79,957&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Life/Disability</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Insurance Proceeds (4)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">300,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">*&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Outplacement
Services</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">20,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B></B><B><I>Total</I></B><B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">2,401,009&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">10,578,854&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">4,604,644&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">4,304,644</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">*&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">&#147;Normal retirement&#148; under Applied&#146;s plans is separation from service after attainment of age 65.
Mr.&nbsp;Schrimsher is age 56 and therefore ineligible for normal retirement. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Mr.&nbsp;Schrimsher is ineligible for &#147;early retirement&#148; under Applied&#146;s plans because he has less than
10 years of service; early retirement is defined as separation from service after attainment of age 55 with at least 10 years of service. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">KERP estimates are based on value of company account credit for preceding calendar year. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Proceeds are payable from third-party insurance policies. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Applied&#146;s supplemental long-term disability (&#147;LTD&#148;) insurance, with premiums paid by the executive,
provides a monthly disability benefit equal to 60% of monthly total compensation (monthly base salary plus the average of the three most recent years&#146; annual incentive compensation divided by 12), minus the basic plan benefit of 60% of base
salary, up to an additional $3,000 per month benefit. The aggregate maximum monthly LTD benefit, under the basic and supplemental programs, is $21,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">45</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>David K. Wells, Vice President &#150; Chief Financial Officer&nbsp;&amp; Treasurer
</B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="83%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Benefits and</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Payments</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(No Change</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>in Control)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Normal</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;Retirement&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Early</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Retirement</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($) (2)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Cause</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Without</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Cause or</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Good</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Reason</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control (No</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination)&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Death&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>due to</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Disability</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"><B>Base Salary</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">660,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Management
Incentive Plan</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">429,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Performance
Shares</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">362,486&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">362,486&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">362,486</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>SARs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">133,286&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">133,286&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">133,286</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>RSUs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">336,906&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">203,524&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">203,524</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>KERP
(3)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">23,303&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">38,741&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">38,741</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Health Care
Benefits</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">19,964&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Life/Disability</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><B>Insurance Proceeds
(4)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">300,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">*&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Outplacement
Services</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">20,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B></B><B><I>Total</I></B><B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">1,984,945&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">1,038,037&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">738,037</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">*&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">&#147;Normal retirement&#148; under Applied&#146;s plans is separation from service after attainment of age 65.
Mr.&nbsp;Wells is age 58 and therefore ineligible for normal retirement. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Mr.&nbsp;Wells is ineligible for &#147;early retirement&#148; under Applied&#146;s plans because he has less than 10
years of service; early retirement is defined as separation from service after attainment of age 55 with at least 10 years of service. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">KERP estimates for death and disability columns include current year component based on value of company account credit
for preceding calendar year. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Proceeds are payable from third-party insurance policies. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Applied&#146;s supplemental long-term disability (&#147;LTD&#148;) insurance, with premiums paid by the executive,
provides a monthly disability benefit equal to 60% of monthly total compensation (monthly base salary plus the average of the three most recent years&#146; annual incentive compensation divided by 12), minus the basic plan benefit of 60% of base
salary, up to an additional $3,000 per month benefit. The aggregate maximum monthly LTD benefit, under the basic and supplemental programs, is $21,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">46&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1%; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Fred D. Bauer, Vice President &#150; General Counsel&nbsp;&amp;
Secretary</B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="83%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Benefits and</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Payments</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(No Change</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>in Control)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Normal</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Retirement&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Early</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Retirement</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($) (2)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;for&nbsp;&nbsp;<BR>Cause</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Change in</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Without</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Cause or</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Good</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Reason</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control (No</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination)&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Death&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>due to</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Disability</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Base
Salary</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,260,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Management Incentive
Plan</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">693,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Performance
Shares</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">333,475&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">333,475&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">333,475</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>SARs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">162,938&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">162,938&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">162,938</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>RSUs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">299,472&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">184,153&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">184,153</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>KERP
(3)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">13,908&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">13,908</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>SERP
(4)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,830,284&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,058,776&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">2,990,763</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Health Care
and</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Welfare Benefits (5)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">57,591&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Life/Disability</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Insurance Proceeds (6)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">300,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">*&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Outplacement
Services</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">20,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Excise Tax <FONT
STYLE="white-space:nowrap">Gross-Up</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">1,561,983&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><I>Total</I></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">6,218,743&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">&nbsp;&nbsp;3,053,250&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">3,685,237</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">*&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">&#147;Normal retirement&#148; under Applied&#146;s plans is separation from service after attainment of age 65.
Mr.&nbsp;Bauer is age 54 and therefore ineligible for normal retirement. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Mr.&nbsp;Bauer is ineligible for &#147;early retirement&#148; under Applied&#146;s plans because he is only age 54;
early retirement is defined as separation from service after attainment of age 55 with at least 10 years of service. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">KERP estimates are based on value of company account credit for preceding calendar year. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Calculation of post-termination SERP benefits assumes the executive would receive benefits in the installment payment
form at the earliest date he would be eligible.<I> </I>To calculate the estimated present value of the installments, a 1.50% discount rate and the three-segment interest rate structure in effect for January 2020 under Code section 417(e), with 1.91%
for the first five years, 2.93% for the next 15 years, and 3.54% thereafter, is used. In determining the value of SERP disability benefits, the <FONT STYLE="white-space:nowrap">Pri-2012</FONT> disability table for males without collar adjustment,
with fully generational mortality improvement projection using scale <FONT STYLE="white-space:nowrap">MP-2019,</FONT> is used for post-retirement mortality. A 1.50% interest rate is used for temporary annuity payments under the disability benefit
provisions. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Includes health care benefits and accidental death and dismemberment insurance. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Proceeds are payable from third-party insurance policies and the SERP. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Applied&#146;s supplemental long-term disability (&#147;LTD&#148;) insurance, with premiums paid by the executive,
provides a monthly disability benefit equal to 60% of monthly total compensation (monthly base salary plus the average of the three most recent years&#146; annual incentive compensation divided by 12), minus the basic plan benefit of 60% of base
salary, up to an additional $3,000 per month benefit. The aggregate maximum monthly LTD benefit, under the basic and supplemental programs, is $21,000. In addition, the SERP provides a monthly disability benefit to participants, which, when added to
amounts payable under the basic and supplemental LTD programs, equals 1/12th of 60% of the average of the highest three of the last 10 calendar years of total compensation (base salary plus annual incentive). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" STYLE="BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">47</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Warren E. Hoffner, Vice President, General Manager &#150; Fluid Power&nbsp;&amp; Flow Control
</B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Benefits&nbsp;and</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Payments</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>(No Change</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>in Control)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Normal</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Retirement&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($) (1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Early</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Retirement&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;for&nbsp;&nbsp;<BR>Cause</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Change in</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Without</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Cause or</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Good</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Reason</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control (No</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination)&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Death&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>due to</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Disability</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Base
Salary</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Management&nbsp;Incentive
Plan</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Performance
Shares</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">251,182&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">251,182&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">251,182</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>SARs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">128,583&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">128,583&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">128,583</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>RSUs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">138,659&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">138,659&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">138,659</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>KERP (2)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">13,126&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">13,126&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">13,126</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Life/Disability</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Insurance Proceeds (3)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">300,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">*&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><I>Total</I></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">531,550&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">831,550&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">531,550</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">*&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">&#147;Normal retirement&#148; under Applied&#146;s plans is separation from service after attainment of age 65.
Mr.&nbsp;Hoffner is age 60 and therefore ineligible for normal retirement. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">KERP estimates are based on value of company account credit for preceding calendar year. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Proceeds are payable from third-party insurance policies. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Applied&#146;s supplemental long-term disability (&#147;LTD&#148;) insurance, with premiums paid by the executive,
provides a monthly disability benefit equal to 60% of monthly total compensation (monthly base salary plus the average of the three most recent years&#146; annual incentive compensation divided by 12), minus the basic plan benefit of 60% of base
salary, up to an additional $3,000 per month benefit. The aggregate maximum monthly LTD benefit, under the basic and supplemental programs, is $21,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">48&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Kurt W. Loring, Vice President &#150; Chief Human Resources Officer </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-TOP:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Benefits&nbsp;and</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Payments</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Termination&nbsp;(No<BR>Change</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>in Control)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Normal</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Retirement</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($) (1)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Early</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Retirement</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($) (2)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Termination&nbsp;for<BR>Cause</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Change in</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>&nbsp;&nbsp;Termination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Without</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Cause or</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>for Good</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Reason</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Following</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Change in</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Control (No</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>Termination)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Death</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #1169c4" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Termination</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#FFFFFF"><B>due to</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Disability</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>($)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Base
Salary</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">540,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Management&nbsp;Incentive
Plan</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">297,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Performance
Shares</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">305,711&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">305,711&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">305,711</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>SARs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">152,151&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">152,151&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">152,151</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>RSUs</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">280,755&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">172,381&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">172,381</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>KERP
(3)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">11,321&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">11,321</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Health Care Benefits</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">28,728&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Life/Disability</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Insurance Proceeds (4)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">300,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:8pt; font-family:ARIAL"><B>Outplacement Services</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">20,000&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #9cc2e5" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1px solid #9cc2e5; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.40em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><I>Total</I></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">1,624,345&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">0</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">941,564&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4" ALIGN="right">641,564</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">*&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">&#147;Normal retirement&#148; under Applied&#146;s plans is separation from service after attainment of age 65.
Mr.&nbsp;Loring is age 51 and therefore ineligible for normal retirement. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Mr.&nbsp;Loring is ineligible for &#147;early retirement&#148; under Applied&#146;s plans because he is only age 51;
early retirement is defined as separation from service after attainment of age 55 with at least 10 years of service. </P></TD></TR></TABLE> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">KERP estimates are based on value of company account credit for preceding calendar year. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Proceeds are payable from third-party insurance policies. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL; " ALIGN="left">Applied&#146;s supplemental long-term disability (&#147;LTD&#148;) insurance, with premiums paid by the executive,
provides a monthly disability benefit equal to 60% of monthly total compensation (monthly base salary plus the average of the three most recent years&#146; annual incentive compensation divided by 12), minus the basic plan benefit of 60% of base
salary, up to an additional $3,000 per month benefit. The aggregate maximum monthly LTD benefit, under the basic and supplemental programs, is $21,000. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

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<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">49</TD></TR></TABLE>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B><A NAME="tx922255_30"></A>CEO Pay Ratio Disclosure </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As permitted by SEC rule, for the fiscal 2020 pay ratio analysis we maintained the same median associate we identified in fiscal 2019 using a consistently applied
compensation measure of total cash pay. We do not believe that our associate population or compensation arrangements have changed in a manner that would significantly impact our pay ratio disclosure. Further, the median associate has continued in
the same position and maintained similar benefits in 2020.&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We calculated total compensation for the median associate and the CEO for fiscal
2020 based on the compensation elements required for inclusion in the Summary Compensation Table on page 35, with the exception of also incorporating the estimated company cost of certain Applied-provided basic health and welfare benefits. As a
result, the CEO&#146;s total compensation for purposes of this calculation differs from that described in the Summary Compensation Table by the amount of these benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The median associate&#146;s estimated total compensation for 2020 was $75,276 (including estimated health and welfare benefits of $17,809) and the CEO&#146;s total
compensation for purposes of the ratio was $4,735,115. The ratio of CEO pay to median associate pay is 63:1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We believe the pay ratio disclosed above is a
reasonable estimate calculated in accordance with SEC rules, based on our records and the method described above. The rules for identifying the median employee and calculating the pay ratio allow companies to use a variety of methods and apply
various assumptions, which may result in significant differences in the results reported. Accordingly, the pay ratios reported by other companies may not be comparable to the pay ratio we report above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_31"></A>COMPENSATION COMMITTEE REPORT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Executive
Organization&nbsp;&amp; Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis included in this proxy statement. Based on the review and discussions, the committee recommended to the Board of
Directors that the Compensation Discussion and Analysis be included in this proxy statement and the annual report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K</FONT> for the fiscal year ended June&nbsp;30, 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">EXECUTIVE ORGANIZATION&nbsp;&amp; COMPENSATION COMMITTEE </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Peter A. Dorsman, Chair
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Robert J. Pagano, Jr. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Vincent K. Petrella </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Joe A. Raver </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Peter C. Wallace </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">50&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Vote to Approve Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_32"></A>ITEM&nbsp;2: ADVISORY (NONBINDING) VOTE TO APPROVE EXECUTIVE COMPENSATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We believe our corporate governance policies, including our executive compensation program, should be responsive to shareholder concerns. This belief is reflected in a
nonbinding, advisory vote that provides shareholders the opportunity to approve the NEOs&#146; compensation as disclosed in our proxy statement, including, among other things, our executive compensation objectives, policies, and practices. We hold
this vote annually, which was our shareholders&#146; preference as expressed at the 2017 annual meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The vote is intended to solicit an overall assessment of
our program rather than to focus on specific compensation items. The Board of Directors and its Executive Organization&nbsp;&amp; Compensation Committee value shareholder opinion and take the vote&#146;s outcome into account when considering
executive compensation arrangements. However, because the vote is advisory, it will not directly affect existing compensation awards. We are pleased to have earned the shareholders&#146; approval in 2019, with 97% of the shares cast voting in favor,
indicating strong support for our program. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As discussed in the &#147;Compensation Discussion and Analysis&#148; section, above, Applied&#146;s executive
compensation program aims to attract, retain, and motivate executives to maximize long-term shareholder return. The program uses a variety of elements including base salary, annual incentives, and long-term incentives in the form of performance
shares to reward sustained financial results, SARs to reward stock price appreciation, and RSUs tied to service to help retain executives. Overall, the company targets pay to be in the range of market median levels. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In voting on our compensation program, please consider the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#1169c4"><B>Our program has a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">pay-for-performance</FONT></FONT> orientation. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The program aims to pay above median levels only for results that exceed target goals or because of growth in
Applied&#146;s stock price. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Compensation tied to incentives made up a majority of the 2020 targeted pay of our NEOs. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Approximately half (55% for Mr.&nbsp;Schrimsher) of the value of long-term incentives awarded to NEOs in 2020 is tied to
achievement of performance goals. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Incentive pay tied to financial results can range from 0% to 200% of target award levels, to motivate executives to exceed
target goals and to penalize them for falling short. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Annual incentive pay includes a component based on the Executive Organization&nbsp;&amp; Compensation Committee&#146;s
subjective evaluation of a participant&#146;s individual performance during the year, taking into account performance relative to strategic objectives. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>The program is aligned with long-term value creation and shareholders&#146; interests. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Long-term incentives awarded in 2020 accounted for 38% to 61% of the NEOs&#146; targeted pay. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">All long-term incentives are equity-based; their ultimate value depends on the value of our stock. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">RSU awards have three-year cliff vesting, which we believe is more demanding than typical market practice.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Until executives achieve their stock ownership guidelines, they are required to retain net shares received as a result of
the exercise of SARs or the vesting of RSUs or performance shares. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">We prohibit executives from hedging their company shareholdings. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Applied&#146;s executive benefits program is aligned with shareholders&#146; interests and best practices. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">In 2012, the Executive Organization&nbsp;&amp; Compensation Committee froze participation in a defined benefit SERP and
stopped accruing additional benefits, by virtue of years of service and compensation levels, for existing participants. A more modest defined contribution plan was adopted as a replacement. </P></TD></TR></TABLE>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;">51</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Vote to Approve Executive Compensation </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Our NEOs are not provided perquisites such as company automobiles or allowances, country club memberships, financial
planning and tax return preparation services, and annual physical examinations. In 2013, the committee closed the retiree health care program to new executive officers. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The company has change in control agreements with four executive officers. The agreements have &#147;double triggers,&#148;
meaning they provide benefits only if employment is terminated under certain circumstances following a change in control, as described in &#147;Potential Payments upon Termination or Change in Control&#148; beginning on page 42. This double trigger
also applies to the vesting of unvested equity awards. Agreements entered into subsequent to 2011, including Mr.&nbsp;Schrimsher&#146;s, do not include a <FONT STYLE="white-space:nowrap">gross-up</FONT> for excise taxes. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1169c4"><B>Applied has adopted best practices to govern the program and to mitigate risk taking. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Board holds an annual shareholder advisory vote to approve Applied&#146;s executive compensation, aligned with our
shareholders&#146; preference. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Executive Organization&nbsp;&amp; Compensation Committee uses an independent outside specialist adviser that provided
no other services to Applied during the year. The committee annually assesses the independence of the adviser&#146;s representative. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The committee regularly holds sessions dedicated to updates on current and evolving trends in executive compensation.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Analytical tools such as tally sheets and share retention analyses keep the committee abreast of executives&#146; total
compensation and equity holdings. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The committee maintains consistency in the time of year it grants equity awards. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Applied&#146;s incentive plans have limits on payouts or shares that can be earned. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Applied includes clawback provisions in its incentive award terms. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We believe our program has been effective, consistent with its primary objectives, as demonstrated when one examines the program&#146;s alignment with Applied&#146;s
recent financial results. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In 2020, financial performance was mixed amid the sharp economic downturn that arose out of the
<FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic and the responsive actions of governmental authorities and businesses. The NEOs earned annual incentive pay at an average of 100.2% of their individual target values. 2020 earnings under the
three-year performance share programs were 75.4%, 0%, and 56.2% of target shares, respectively. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As cost control and cash generation were prioritized in the
challenging economic environment, management temporarily reduced its base salaries beginning in <FONT STYLE="white-space:nowrap">mid-April</FONT> and continuing into fiscal 2021, with Mr.&nbsp;Schrimsher&#146;s reduced by 20%; the Executive
Organization&nbsp;&amp; Compensation Committee ratified the reductions.&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Total shareholder return, considering the change in our stock price
and reinvested dividends, rose 4% for the year. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board asks that, after considering the information above, the &#147;Compensation Discussion and Analysis,&#148;
and the compensation tables and related narrative discussion, you vote for the following advisory resolution: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL">RESOLVED, that Applied&#146;s
shareholders hereby approve, on an advisory, nonbinding basis, the compensation paid to Applied&#146;s named executive officers, as disclosed pursuant to Item&nbsp;402 of Regulation <FONT STYLE="white-space:nowrap">S-K,</FONT> including in the
Compensation Discussion and Analysis, compensation tables, and narrative discussion in this proxy statement. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This advisory resolution will be approved if it
receives the affirmative vote of a majority of shares cast. Abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> will not affect the outcome. Except for broker <FONT STYLE="white-space:nowrap">non-votes,</FONT> if no voting
specification is made on a properly returned and signed proxy card, the proxies named on the proxy card will vote for this resolution. The Board and its Executive Organization&nbsp;&amp; Compensation Committee will review the voting results and
consider them in making future executive compensation decisions. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" BGCOLOR="#b2d4f0"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>The Board of Directors recommends you vote FOR this proposal approving</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>the compensation paid to Applied&#146;s named executive officers.</B></P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">52&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Vote to Ratify Appointment of Independent Auditors </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_33"></A>ITEM&nbsp;3: VOTE TO RATIFY APPOINTMENT OF INDEPENDENT AUDITORS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Subject to shareholder ratification, the Audit Committee has appointed Deloitte&nbsp;&amp; Touche LLP to serve as independent auditors for the fiscal year ending
June&nbsp;30, 2021. The committee made the appointment after evaluating the firm and its performance. Deloitte&nbsp;has confirmed it is not aware of any relationship between the firm (and its affiliates) and Applied that may reasonably be thought to
bear on its independence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Deloitte&nbsp;&amp; Touche LLP, the member firms of Deloitte Touche Tohmatsu Limited, and their related entities billed the following
fees, including expenses, to Applied for fiscal years 2020 and 2019: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #1169c4; BORDER-RIGHT:1.50pt solid #1169c4" BGCOLOR="#1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt" BGCOLOR="#1169c4"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Type of Fees</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Fiscal&nbsp;2020&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#1169c4" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; padding-right:2pt" BGCOLOR="#1169c4">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#FFFFFF"><B>Fiscal&nbsp;2019&nbsp;($)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.00pt solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Audit
Fees</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.00pt solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.00pt solid #9cc2e5">1,932,700&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.00pt solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.00pt solid #9cc2e5; padding-right:2pt">1,872,700&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.00pt solid #9cc2e5; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Audit-Related Fees</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.00pt solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.00pt solid #9cc2e5">40,300&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.00pt solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.00pt solid #9cc2e5; padding-right:2pt">15,100&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.00pt solid #9cc2e5; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>Tax
Fees</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.00pt solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.00pt solid #9cc2e5">356,200&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.00pt solid #9cc2e5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.00pt solid #9cc2e5; padding-right:2pt">518,900&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="2" STYLE="BORDER-LEFT:1.50pt solid #1169c4; padding-left:8pt">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5">&nbsp;</TD>
<TD HEIGHT="2" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #9cc2e5; BORDER-RIGHT:1.50pt solid #1169c4">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.60em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><B>All Other
Fees</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #1169c4">5,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #9cc2e5; BORDER-BOTTOM:1.50pt solid #1169c4">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1.50pt solid #1169c4; BORDER-BOTTOM:1.50pt solid #1169c4; padding-right:2pt">6,000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Audit-Related Fees</FONT></I></B> in 2020 and 2019 included amounts for debt
compliance reports and other agreed on procedures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#1169c4">Tax Fees</FONT></I></B> in 2020 were for tax compliance
and return preparation ($225,400) and consulting ($130,800) and in 2019 were for tax compliance and return preparation ($150,000) and consulting ($368,900). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I><FONT
STYLE="font-family:ARIAL" COLOR="#1169c4">All Other Fees</FONT></I></B> in 2020 and 2019 reflect charges for an annual subscription to an accounting research tool. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Audit Committee <FONT STYLE="white-space:nowrap">pre-approves</FONT> services performed by the independent auditors in an effort to ensure that the provision of the
services does not impair the auditors&#146; independence. If a type of service to be provided is not included in the committee&#146;s general <FONT STYLE="white-space:nowrap">pre-approval,</FONT> then it requires specific <FONT
STYLE="white-space:nowrap">pre-approval.</FONT> In addition, services exceeding <FONT STYLE="white-space:nowrap">pre-approved</FONT> cost levels require additional committee approval. The committee has delegated
<FONT STYLE="white-space:nowrap">pre-approval</FONT> authority to its chair, provided that the committee reviews the chair&#146;s action at its next regular meeting. The committee also reviews, at each regular meeting, reports summarizing services
provided by the auditors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Unless otherwise indicated, the accompanying proxy will be voted to ratify Deloitte&#146;s appointment. Ratification requires the
affirmative vote of a majority of shares cast at the meeting. If Deloitte withdraws or otherwise becomes unavailable for reasons not currently known, the proxies will vote for other independent auditors, as they deem appropriate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">We expect a Deloitte&nbsp;representative to attend the meeting and be available to respond to appropriate questions. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" BGCOLOR="#b2d4f0"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>The Board of Directors recommends you vote FOR ratifying</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>the appointment of the independent auditors.</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Audit Committee Report </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_34"></A>AUDIT COMMITTEE REPORT&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Audit Committee is composed solely of independent directors, as determined by the Board according to applicable laws and SEC and NYSE rules, and operates under a
written charter. The charter is posted via hyperlink from the investor relations area of Applied&#146;s website at <I>www.applied.com</I>. The committee&#146;s responsibilities are summarized at page 13 of this proxy statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In performing its responsibilities relating to the audit of Applied&#146;s consolidated financial statements for the fiscal year ended June&nbsp;30, 2020, the committee
reviewed and discussed the audited financial statements with management and Applied&#146;s independent auditors, Deloitte&nbsp;&amp; Touche LLP. The committee also discussed with the independent auditors the matters required to be discussed under
Public Company Accounting Oversight Board (&#147;PCAOB&#148;) Auditing Standard No.&nbsp;1301, <I>Communications with Audit Committees</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The independent
auditors also provided to the committee the letter and written disclosures required by applicable PCAOB requirements regarding the independent accountant&#146;s communications with the audit committee concerning independence. The committee discussed
with Deloitte&nbsp;their independence and considered whether their provision of <FONT STYLE="white-space:nowrap">non-audit</FONT> services to Applied is compatible with maintaining their independence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Based on the reviews and discussions described above, the committee recommended to the Board that the audited financial statements be included in Applied&#146;s 2020
annual report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K</FONT> for filing with the SEC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">AUDIT COMMITTEE </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Vincent K. Petrella, Chair </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Madhuri A. Andrews </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Mary Dean Hall </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Dan P. Komnenovich </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Robert J. Pagano, Jr. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><FONT STYLE="font-size:10pt">54&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B>&nbsp;Applied Industrial Technologies</B><B> </B>2020 Proxy Statement</TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right">Other </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_35"></A>DELINQUENT SECTION&nbsp;16(a) REPORTS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Applied&#146;s officers and directors, and persons who beneficially own more than 10% of Applied&#146;s stock, must file initial reports of ownership and reports of
changes in ownership with the SEC and furnish copies to Applied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Based solely on a review of forms filed in the SEC&#146;s EDGAR database and written
representations from officers and directors, we believe that during the fiscal year ended June&nbsp;30, 2020, all filing requirements were satisfied on a timely basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_36"></A>SHAREHOLDER PROPOSALS&nbsp;AND NOMINEE SUBMISSIONS FOR 2021 ANNUAL MEETING </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Shareholders&#146; proposals for inclusion in our 2021 annual meeting proxy statement must be received by Applied&#146;s Secretary at 1 Applied Plaza, Cleveland, Ohio
44115, no later than May&nbsp;15, 2021. Under Ohio law, only proposals included in the meeting notice may be raised at a meeting of shareholders. Accordingly, to nominate a director candidate or bring other business from the floor of the 2021 annual
meeting, you must notify the Secretary in writing by August&nbsp;27, 2021. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_37"></A>HOUSEHOLDING INFORMATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Only one set of this proxy statement and annual report is being delivered to multiple shareholders sharing an address unless Applied received contrary instructions from
one or more of the shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">If a shareholder at a shared address to which a single set of the proxy statement and annual report was delivered wishes to
receive a separate copy of either, the shareholder should contact Applied&#146;s registrar, Computershare Trust Company, N.A., by calling
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-988-5291</FONT></FONT></FONT> or by writing to Computershare at P.O. Box 505000, Louisville, Kentucky 40233-5000. The shareholder will be
delivered, without charge, a separate copy promptly on request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">If shareholders at a shared address currently receiving multiple copies of the proxy statement and
annual report wish to receive only a single copy of the documents, they should contact Computershare in the manner described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:20pt; font-family:ARIAL"><A NAME="tx922255_38"></A>OTHER
MATTERS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board of Directors does not know of other matters to be presented at the meeting. If other matters requiring a shareholder vote arise, including the
question of adjourning the meeting, the persons named on the accompanying proxy card will vote your shares according to their judgment in the interests of Applied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">By order of the Board of Directors, </P> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Fred D. Bauer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Vice President-General Counsel&nbsp;&amp; Secretary </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">September&nbsp;11, 2020 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right" STYLE="padding-bottom:4pt ;BORDER-RIGHT:1.00pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:8pt"><B>Applied Industrial Technologies</B><B> </B>2020 Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman"><B>Your vote matters &#150; here&#146;s how to vote!</B></P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">You may vote online or by phone instead of mailing this card.</P></TD></TR>
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<TD VALIGN="top"><B>Votes submitted electronically must be received by October 26, 2020 at 11:59 P.M., local time. (October 22, 2020 for Retirement Savings Plan participants).</B></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman"><B>Online</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">Go to
<B>www.investorvote.com/AIT</B> or scan the QR code &#150; login details are located in the shaded bar below.</P></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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</P></TD>
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<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman"><B>Phone</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">Call toll free 1-800-652-VOTE (8683) within the USA, US territories and Canada</P></TD></TR>
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<TD VALIGN="middle"><FONT STYLE="font-size:8pt">Using&nbsp;a&nbsp;<U><B>black&nbsp;ink</B></U>&nbsp;pen,&nbsp;mark&nbsp;your&nbsp;votes&nbsp;with&nbsp;an&nbsp;<B>X</B>&nbsp;as&nbsp;shown&nbsp;in this example. Please do not write outside the
designated areas.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><FONT STYLE="font-size:25pt">&#9746;</FONT></P></TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B>Save paper, time and money!</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman"><B>Sign up
for electronic delivery at www.investorvote.com/AIT</B></P></TD></TR>
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<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:14pt; font-family:Times New Roman" ALIGN="justify"><B>&nbsp;&nbsp;2020 Annual Meeting Proxy/Instruction Card</B></P></TD>
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AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.&nbsp;&nbsp;</B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center" BGCOLOR="#000000"><FONT STYLE="font-size:9pt" COLOR="#FFFFFF"><B>&nbsp;A&nbsp;</B></FONT></TD>
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<TD VALIGN="top" COLSPAN="21" BGCOLOR="#cccccc"><FONT STYLE="font-size:9pt"><B>Proposals &#150; The Board of Directors recommends a vote <U>FOR</U> all the nominees listed and <U>FOR</U> Proposals 2 and 3.</B></FONT></TD>
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<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">1.&nbsp;Election of Directors:</P></TD>
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<TD VALIGN="middle" COLSPAN="3"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;&nbsp;&nbsp;01 - Robert J. Pagano, Jr.</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-size:8pt">2.</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Say&nbsp;on&nbsp;Pay&nbsp;- To approve, through a nonbinding advisory vote, the compensation of Applied&#146;s named executive
officers.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:8pt">To ratify the Audit Committee&#146;s appointment of independent auditors.</FONT></TD>
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<TD VALIGN="top" COLSPAN="13"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">In their discretion, the proxies are authorized to vote on
such other business as may properly come before the meeting.</P></TD>
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<TD VALIGN="top" ALIGN="center" BGCOLOR="#000000"><FONT STYLE="font-size:9pt" COLOR="#FFFFFF"><B>&nbsp;B&nbsp;</B></FONT></TD>
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<TD VALIGN="top" COLSPAN="11" BGCOLOR="#cccccc"><FONT STYLE="font-size:9pt"><B>Authorized Signatures &#150; This section must be completed for your vote to count. Please date and sign below.</B></FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="13" BGCOLOR="#ffffff"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Please sign exactly as name(s) appears
hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title.</P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Times New Roman">Date (mm/dd/yyyy) &#150; Please print date below.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Times New Roman">Signature 1 &#150; Please keep signature within the box.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Times New Roman">Signature 2 &#150; Please keep signature within the box.</P>
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<TD VALIGN="middle" ALIGN="center" STYLE="BORDER:1.50pt solid #000000; padding-left:8pt"><FONT STYLE="font-size:24pt">&nbsp;/&nbsp;&nbsp;&nbsp;&nbsp; /&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="font-size:16pt">&#11035;</FONT></P></TD>
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<TD VALIGN="top" NOWRAP ALIGN="right"><FONT STYLE="font-size:12pt">3&nbsp;2&nbsp;A&nbsp;V</FONT></TD>
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<TD VALIGN="top" ROWSPAN="2" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>+&nbsp;&nbsp;</B></P></TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03B1HB</TD>
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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CONSIDER RECEIVING FUTURE APPLIED INDUSTRIAL TECHNOLOGIES, INC. PROXY MATERIALS VIA THE INTERNET! </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Consider receiving future Applied Industrial Technologies, Inc. proxy notifications in electronic form rather than in print form. While voting
via the Internet, just provide your e-mail address where indicated and click the box to give your consent. Electronic delivery saves Applied a significant portion of the costs associated with printing and mailing annual meeting materials. If you
consent to electronic delivery of meeting materials, you will receive an e-mail with links to all annual meeting materials and to the online proxy voting site for every annual meeting. If you do not consent to electronic delivery, you will continue
to receive the proxy notification in the mail. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Accessing the Applied Industrial Technologies, Inc. annual report and proxy materials via
the Internet may result in charges to you from your Internet service provider and/or telephone companies. The material is available at: www.applied.com/access-proxy </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Small steps make an impact.</B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Help&nbsp;the&nbsp;environment&nbsp;by&nbsp;consenting&nbsp;to&nbsp;receive&nbsp;electronic</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">delivery,&nbsp;sign&nbsp;up&nbsp;at&nbsp;www.investorvote.com/AIT</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
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</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:7pt; font-family:Times New Roman" ALIGN="center"><B></B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B>&nbsp;&nbsp;IF VOTING BY MAIL, SIGN,
DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.&nbsp;&nbsp;</B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B> </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000" BGCOLOR="#d8d8d8"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="justify"><B>&nbsp;&nbsp;Proxy/Instruction Card for Applied Industrial Technologies, Inc.</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><B>+</B></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>Proxy Solicited on Behalf of the Board of Directors</B> </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The undersigned appoints Neil A. Schrimsher and David K. Wells, and each of them, as proxies, with full power of substitution, to attend the
Annual Meeting of Shareholders of Applied Industrial Technologies, Inc., on October 27, 2020, and any adjournments, and to represent and vote the shares which the undersigned is entitled to vote on the following matters as directed on the reverse
side. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>When properly executed, these instructions will be voted in the manner directed on the reverse side of this card; if you do not
provide direction, this proxy will be voted FOR all nominees and FOR Proposals 2 and 3. </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.00pt solid #000000; BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">NOTICE TO PARTICIPANTS IN THE RETIREMENT SAVINGS PLAN</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="justify">This card also constitutes voting instructions for participants in the Applied Industrial Technologies, Inc. Retirement Savings Plan. The
participant who signs on the reverse side hereby instructs Principal Trust Company, Trustee, to vote all the shares of Applied&#146;s common stock allocated to the participant&#146;s account in the plan and any shares not otherwise directed under
the Retirement Savings Plan, at the Annual Meeting of Shareholders. If no voting instructions are provided on a properly executed card, the shares will be voted FOR all nominees and FOR Proposals 2 and 3.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1.00pt solid #000000; BORDER-RIGHT:1.00pt solid #000000; BORDER-BOTTOM:1.00pt solid #000000"><FONT STYLE="font-size:10pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If you vote by telephone or the Internet, please DO NOT mail back this proxy card. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>YOUR VOTE IS IMPORTANT! </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PLEASE VOTE, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE OR VOTE BY TELEPHONE OR INTERNET PURSUANT TO THE
INSTRUCTIONS ON THE REVERSE. </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>SEE REVERSE SIDE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center" BGCOLOR="#000000"><FONT COLOR="#FFFFFF"><B>&nbsp;C&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#d8d8d8">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#d8d8d8"><B>Non-Voting Items</B></TD></TR></TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Change of Address</B> &#150; Please
print new address below. </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
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<TD VALIGN="top" ALIGN="right"><B>+&nbsp;&nbsp;</B></TD></TR></TABLE>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD VALIGN="bottom" NOWRAP>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:Times New Roman">Using&nbsp;a&nbsp;<U><B>black&nbsp;ink</B></U>&nbsp;pen,&nbsp;mark&nbsp;your&nbsp;votes&nbsp;with&nbsp;an&nbsp;<B>X</B>&nbsp;as&nbsp;shown&nbsp;in<BR>this
example. Please do not write outside the designated areas.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><FONT STYLE="font-size:25pt">&#9746;</FONT></P></TD>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="justify"><B>&nbsp;&nbsp;2020 Annual Meeting Proxy/Instruction Card</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B></B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B>&nbsp;&nbsp;IF VOTING BY MAIL, SIGN, DETACH
AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.&nbsp;&nbsp;</B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center" BGCOLOR="#000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;A&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>Proposals&nbsp;&#150;&nbsp;The Board of Directors recommends a vote <U>FOR</U> all the nominees listed and <U>FOR</U> Proposals 2 and 3.</B></TD></TR></TABLE>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">1. Election of Directors:</P></TD>
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<TD VALIGN="top" ALIGN="right"><B>+</B></TD></TR></TABLE>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>For</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Withhold</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>For</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Withhold</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>For</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Withhold</B></P></TD>
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<TD VALIGN="middle"><FONT STYLE="font-size:8pt"><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01&nbsp;-&nbsp;Robert</FONT> J. Pagano, Jr.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:14pt"><B></B>&#9744;<B></B><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:14pt"><B></B>&#9744;<B></B><B></B></FONT></TD>
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<TD VALIGN="middle"><FONT STYLE="font-size:8pt"><FONT STYLE="white-space:nowrap">02&nbsp;-&nbsp;Neil</FONT> A. Schrimsher</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:14pt"><B></B>&#9744;<B></B><B></B></FONT></TD>
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<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:14pt"><B></B>&#9744;<B></B><B></B></FONT></TD>
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<TD VALIGN="middle"><FONT STYLE="font-size:8pt">03&nbsp;-&nbsp;Peter C. Wallace</FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:8pt"><B>For</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:8pt"><B>Against</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:8pt"><B>Abstain</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:8pt"><B>For</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:8pt"><B>Against</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:8pt"><B>Abstain</B></FONT></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:14pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">2. Say on Pay - To approve, through a nonbinding advisory vote, the compensation of
Applied&#146;s named executive officers.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">3. To ratify the Audit Committee&#146;s appointment of independent auditors.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top" COLSPAN="11"><FONT STYLE="font-size:8pt">In their discretion, the proxies are authorized to vote on such other business as may properly come before the meeting.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="9" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
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<TD VALIGN="bottom"></TD></TR></TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TR BGCOLOR="#cccccc" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center" BGCOLOR="#000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;B&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="11"><B>Authorized Signatures &#150; This section must be completed for your vote to count. Please date and sign below.</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="13" BGCOLOR="#ffffff"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Please sign exactly as name(s) appears
hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Date (mm/dd/yyyy) &#150; Please print date below.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Signature 1 &#150; Please keep signature within the box.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Signature 2 &#150; Please keep signature within the box.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center">&nbsp;/&nbsp;&nbsp;&nbsp;&nbsp; /&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
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<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="font-size:16pt">&#11035;</FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-size:12pt">1&nbsp;U&nbsp;P&nbsp;X</FONT></TD>
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<TD VALIGN="bottom" ROWSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>+&nbsp;&nbsp;</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:6pt">
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<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03B1IB</TD>
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</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="justify">CONSIDER RECEIVING FUTURE APPLIED INDUSTRIAL TECHNOLOGIES, INC. PROXY MATERIALS VIA THE
INTERNET! </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Consider receiving future Applied Industrial Technologies, Inc. proxy notifications in electronic form rather than in print
form. While voting via the Internet, just provide your e-mail address where indicated and click the box to give your consent. Electronic delivery saves Applied a significant portion of the costs associated with printing and mailing annual meeting
materials. If you consent to electronic delivery of meeting materials, you will receive an e-mail with links to all annual meeting materials and to the online proxy voting site for every annual meeting. If you do not consent to electronic delivery,
you will continue to receive the proxy notification in the mail. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Accessing the Applied Industrial Technologies, Inc. annual report and
proxy materials via the Internet may result in charges to you from your Internet service provider and/or telephone companies. The material is available at: www.applied.com/access-proxy </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B></B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B>&nbsp;&nbsp;<U></U>IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM
PORTION IN THE ENCLOSED ENVELOPE. &nbsp;&nbsp;</B><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#113;</FONT><B></B><B> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:14pt" ALIGN="center">


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<TD></TD>

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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000" BGCOLOR="#d8d8d8"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="justify"><B>&nbsp;&nbsp;Proxy/Instruction Card for Applied Industrial Technologies, Inc.</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d8d8d8" STYLE=" BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000" BGCOLOR="#d8d8d8">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#d8d8d8" STYLE=" BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:2.00pt solid #000000" BGCOLOR="#d8d8d8">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>Proxy Solicited on Behalf of the Board of Directors </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The undersigned appoints Neil A. Schrimsher and David K. Wells, and each of them, as proxies, with full power of substitution, to attend the
Annual Meeting of Shareholders of Applied Industrial Technologies, Inc., on October 27, 2020, and any adjournments, and to represent and vote the shares which the undersigned is entitled to vote on the following matters as directed on the reverse
side. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>When properly executed, these instructions will be voted in the manner directed on the reverse side of this card; if you do not
provide direction, this proxy will be voted FOR all nominees and FOR Proposals 2 and 3. </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1.50pt solid #000000; BORDER-TOP:1.50pt solid #000000; BORDER-BOTTOM:1.50pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1.50pt solid #000000; BORDER-BOTTOM:1.50pt solid #000000"> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">NOTICE TO PARTICIPANTS IN THE RETIREMENT SAVINGS PLAN</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="justify">This card also constitutes voting instructions for participants in the Applied Industrial Technologies, Inc. Retirement Savings Plan. The
participant who signs on the reverse side hereby instructs Principal Trust Company, Trustee, to vote all the shares of Applied&#146;s common stock allocated to the participant&#146;s account in the plan and any shares not otherwise directed under
the Retirement Savings Plan, at the Annual Meeting of Shareholders. If no voting instructions are provided on a properly executed card, the shares will be voted FOR all nominees and FOR Proposals 2 and 3.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1.50pt solid #000000; BORDER-BOTTOM:1.50pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1.50pt solid #000000; BORDER-RIGHT:1.50pt solid #000000; BORDER-BOTTOM:1.50pt solid #000000"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>YOUR VOTE IS IMPORTANT! </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PLEASE VOTE, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>SEE REVERSE SIDE </B></P>
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<DOCUMENT>
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<DOCUMENT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
