<SEC-DOCUMENT>0001193125-17-141041.txt : 20170427
<SEC-HEADER>0001193125-17-141041.hdr.sgml : 20170427
<ACCEPTANCE-DATETIME>20170427081357
ACCESSION NUMBER:		0001193125-17-141041
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170606
FILED AS OF DATE:		20170427
DATE AS OF CHANGE:		20170427
EFFECTIVENESS DATE:		20170427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EPAM Systems, Inc.
		CENTRAL INDEX KEY:			0001352010
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				223536104
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35418
		FILM NUMBER:		17786329

	BUSINESS ADDRESS:	
		STREET 1:		41 UNIVERSITY DRIVE
		STREET 2:		SUITE 202
		CITY:			NEWTOWN
		STATE:			PA
		ZIP:			18940
		BUSINESS PHONE:		(267) 759-9000

	MAIL ADDRESS:	
		STREET 1:		41 UNIVERSITY DRIVE
		STREET 2:		SUITE 202
		CITY:			NEWTOWN
		STATE:			PA
		ZIP:			18940

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EPAM SYSTEMS INC
		DATE OF NAME CHANGE:	20060202
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>d368828ddef14a.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>

 <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:12pt; 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, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section 14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the
Registrant&nbsp;&nbsp;&#9746;&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; Filed by a Party other than the
Registrant&nbsp;&nbsp;&#9744;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </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:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Preliminary Proxy Statement</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:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></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:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitive Proxy Statement</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:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitive Additional Materials</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:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Soliciting Material Pursuant to &#167;240.14a-12</TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>EPAM
Systems, Inc. </B></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="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></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, if other than the Registrant) </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (check the appropriate box): </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">No fee required.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title of each class of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate number of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Proposed maximum aggregate value of transaction:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(5)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total fee paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee paid previously with preliminary materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">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.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amount Previously Paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Form, Schedule or Registration Statement No.:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filing Party:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date Filed:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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>

<p Style='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>

 <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368828ltrpg01.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>41 UNIVERSITY DRIVE, SUITE 202 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NEWTOWN, PENNSYLVANIA 18940 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">April&nbsp;27, 2017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To Our Stockholders: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You are cordially invited to attend our 2017 annual meeting of stockholders to be held Tuesday, June&nbsp;6, 2017, at 10:00 a.m. EDT, in
person at 41 University Drive, Newtown, Pennsylvania 18940 (the &#147;Annual Meeting&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you owned our common stock at the close
of business on April&nbsp;10, 2017, you are entitled to vote on the matters which are listed in the Notice of 2017 Annual Meeting of Stockholders (the &#147;Notice&#148;). The Board of Directors recommends a vote <B>FOR</B> the proposals listed as
Items 1, 2 and 3 in the Notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Your vote is important, regardless of the number of shares you own. Whether or not you plan to attend the
Annual Meeting, I hope that you will vote as soon as possible to make sure your shares are represented. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Thank you for your continued
support. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Arkadiy Dobkin</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Arkadiy Dobkin</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">President, Chief Executive
Officer and Chairman of the Board</P></TD></TR>
</TABLE></DIV>

<p Style='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>

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


<IMG SRC="g368828notpg01.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EPAM SYSTEMS, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>41 UNIVERSITY DRIVE, SUITE 202 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NEWTOWN, PENNSYLVANIA 18940 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(267) <FONT STYLE="white-space:nowrap">759-9000</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Notice of 2017 Annual Meeting of
Stockholders </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">April&nbsp;27, 2017 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>TIME AND DATE</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">10:00 a.m. EDT, on Tuesday, June&nbsp;6, 2017</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>PLACE</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">41 University Drive, Newtown, Pennsylvania 18940</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>ITEMS&nbsp;OF&nbsp;BUSINESS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR></TABLE> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="11%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:15.95pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Item</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Board Vote</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:59.95pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Recommendation</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">1.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">To elect three (3)&nbsp;Class&nbsp;II directors to hold office for a three-year term or until their successors are elected and qualified.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>FOR</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">2.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">To ratify the appointment of Deloitte&nbsp;&amp; Touche LLP as our independent registered public accounting firm for our fiscal year ending December&nbsp;31, 2017.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>FOR</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">3.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">To approve, on an advisory and <FONT STYLE="white-space:nowrap">non-binding</FONT> basis, the compensation for our named executive officers as disclosed in this Proxy Statement.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>FOR</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">4.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">To transact such other business as may properly come before the Annual Meeting.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>N/A</B></TD></TR>
</TABLE> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="76%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>RECORD DATE</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The record date for the determination of the stockholders entitled to vote at the Annual Meeting, or any adjournments or postponements thereof, was the close of business on April&nbsp;10, 2017.</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>INSPECTION&nbsp;OF&nbsp;LIST&nbsp;OF STOCKHOLDERS OF RECORD</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">A list of the stockholders of record as of April&nbsp;10, 2017 will be available for inspection during ordinary business hours at our offices, 41 University Drive, Suite 202, Newtown, Pennsylvania 18940, for 10 days prior to the
Annual Meeting, as well as at the Annual Meeting.</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>ADDITIONAL INFORMATION</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Additional information regarding the matters to be acted on at the Annual Meeting is included in the accompanying proxy statement.</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>PROXY VOTING</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">PLEASE SUBMIT YOUR PROXY THROUGH THE INTERNET OR MARK, SIGN, DATE AND RETURN YOUR PROXY.</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to Be Held on
June&nbsp;6, 2017. The Proxy Statement and our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2016 are available at <U>http://www.astproxyportal.com/ast/17464/</U>. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By Order of the Board of Directors of EPAM Systems, Inc.:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Ginger L. Moiser</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ginger L. Mosier</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Senior Vice President, General
Counsel and Corporate Secretary</P></TD></TR>
</TABLE></DIV>

<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENT<A NAME="toc"></A>S </B></P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">P<SMALL>AGE</SMALL></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_1">GENERAL INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_2">QUESTIONS AND ANSWERS ABOUT THE 2017 ANNUAL MEETING, THE PROXY MATERIALS AND VOTING
 YOUR SHARES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_3">BOARD OF DIRECTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_4">CORPORATE GOVERNANCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_5">OUR EXECUTIVE OFFICERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_6">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</A></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_7">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_8">REPORT OF THE AUDIT COMMITTEE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_9">COMPENSATION OF DIRECTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_10">EXECUTIVE COMPENSATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_11">SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_12">INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_13">PROPOSAL 1: ELECTION OF DIRECTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_14">PROPOSAL 2: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
 FIRM</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_15">PROPOSAL 3: ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_16">HOUSEHOLDING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_17">STOCKHOLDER PROPOSALS FOR THE 2018 ANNUAL MEETING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_18">OTHER MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><A HREF="#toc368828_19">APPENDIX A: RECONCILIATION OF <FONT STYLE="white-space:nowrap">NON-GAAP</FONT> FINANCIAL
 MEASURES TO COMPARABLE GAAP MEASURES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>

<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROXY STATEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2017 ANNUAL MEETING OF STOCKHOLDERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EPAM SYSTEMS, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENERAL INFORMATIO<A NAME="toc368828_1"></A>N </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors (the &#147;Board&#148;) of EPAM Systems, Inc., a Delaware corporation (&#147;we&#148; or &#147;EPAM&#148;), is
soliciting proxies to be used at the annual meeting of stockholders of EPAM to be held at our principal executive offices, located at 41 University Drive, Newtown, Pennsylvania 18940 on Tuesday, June&nbsp;6, 2017, at 10:00 a.m. EDT and any
postponement, adjournment or continuation thereof (the &#147;Annual Meeting&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Proxy Statement and the accompanying notice and
form of proxy are first being distributed to stockholders on or about April&nbsp;27, 2017. The Board is requesting that you permit your common stock to be represented at the Annual Meeting by the persons named as proxies for the Annual Meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The proxy solicitation materials, including the Notice of 2017 Annual Meeting of Stockholders, this Proxy Statement, our Annual Report on Form
<FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2016, which includes our audited consolidated financial statements for the fiscal year ended December&nbsp;31, 2016 (the &#147;2016 Annual Report&#148;) and the
proxy card or voting instruction card (collectively, the &#147;Proxy Materials&#148;), are being furnished to the holders of our common stock, par value $.001 per share (the &#147;Common Stock&#148;), in connection with the solicitation of proxies
by the Board for use in voting at the Annual Meeting. This Proxy Statement contains important information for you to consider when deciding how to vote on the matters brought before the Annual Meeting. Please read it carefully. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Proxy Materials are available at <U>http://www.astproxyportal.com/ast/17464/</U> on or about April&nbsp;27, 2017 to all stockholders
entitled to vote at the Annual Meeting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notice of Internet Availability of Proxy Materials </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As permitted by the rules of the Securities and Exchange Commission (the &#147;SEC&#148;), we are making the Proxy Materials available to our
stockholders primarily electronically via the Internet rather than mailing printed copies of these materials to each stockholder. We believe that this process expedites stockholders&#146; receipt of the Proxy Materials, lowers the costs incurred by
EPAM for the Annual Meeting and helps to conserve natural resources. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On or about April&nbsp;27, 2017, we mailed a Notice of Internet
Availability of Proxy Materials (the &#147;Notice&#148;) in the form of a mailing titled &#147;Important Notice Regarding the Availability of Proxy Materials.&#148; The Notice contains instructions on how to access the Proxy Materials, and how to
vote on the Internet. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If you received the Notice by mail, you will not receive a printed copy of the Proxy Materials unless you request a
printed copy, currently or on an ongoing basis. If you received a Notice by mail and would like to receive a paper or email copy of the Proxy Materials, follow the instructions on the Notice. Stockholders who requested paper copies of the Proxy
Materials or previously elected electronic receipt did not receive a Notice and will receive the Proxy Materials in the format requested. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Newtown,
Pennsylvania </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;27, 2017 </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:Times New Roman" ALIGN="center">1 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>QUESTIONS AND ANSWERS ABOUT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE 2017 ANNUAL MEETING, THE PROXY MATERIALS AND VOTING YOUR SHARE<A NAME="toc368828_2"></A>S </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHY AM I RECEIVING THESE MATERIALS? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our
Board has made the Proxy Materials available to you on the Internet or has delivered printed Proxy Materials to you in connection with the solicitation of proxies for use at the Annual Meeting. As a stockholder, you are invited to attend the Annual
Meeting and are requested to vote on the items of business described in this Proxy Statement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT IS A PROXY? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our Board is soliciting your vote at the Annual Meeting. You may vote by proxy as explained in this Proxy Statement. A proxy is your formal
legal designation of another person to vote the stock you own. That other person is called a proxy. If you designate someone as your proxy in a written document, that document also is called a proxy or a proxy card. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Ginger</B> <B>Mosier</B> and <B>Kate</B> <B>Pytlewski</B> have been designated as proxies for the Annual Meeting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT PROPOSALS WILL BE VOTED ON AT THE ANNUAL MEETING? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">There are three proposals that will be voted on at the Annual Meeting: </P>
<P STYLE="font-size:6pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">To elect three (3)&nbsp;Class&nbsp;II directors specified in this Proxy Statement to hold office for a three-year term or until their successors are elected and qualified. </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">To ratify the appointment of Deloitte&nbsp;&amp; Touche LLP as our independent registered public accounting firm for our fiscal year ending December&nbsp;31, 2017. </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">To approve, on an advisory and <FONT STYLE="white-space:nowrap">non-binding</FONT> basis, the compensation for our named executive officers as disclosed in this Proxy Statement. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>HOW DOES THE BOARD RECOMMEND I VOTE? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our
Board unanimously recommends that you vote: </P> <P STYLE="font-size:6pt;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="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>FOR</B> election of the three nominated Class&nbsp;II directors specified in this Proxy Statement (Proposal 1). </TD></TR></TABLE> <P STYLE="font-size:6pt;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="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>FOR</B> ratification of the appointment of Deloitte&nbsp;&amp; Touche LLP as our independent registered public accounting firm for our fiscal year ending December&nbsp;31, 2017 (Proposal 2). </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="8%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>FOR</B> approval, on an advisory and <FONT STYLE="white-space:nowrap">non-binding</FONT> basis, of the compensation for our named executive officers as disclosed in this Proxy Statement (Proposal 3).
</TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">2 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT HAPPENS IF ADDITIONAL MATTERS ARE PRESENTED AT THE ANNUAL MEETING? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion
to adjourn or postpone the Annual Meeting to another time or place (including, without limitation, for the purpose of soliciting additional proxies), the persons named as proxy holders, Ginger Mosier and Kate Pytlewski, or either of them, will have
discretion to vote on those matters in accordance with their best judgment, unless you direct them otherwise in your proxy instructions. We do not currently anticipate that any other matters will be raised at the Annual Meeting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHO CAN VOTE AT THE ANNUAL MEETING? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The
Board established the record date for determining the stockholders entitled to vote at the Annual Meeting as April&nbsp;10, 2017 (the &#147;Record Date&#148;). Stockholders of record at the close of business on the Record Date are entitled to vote
at the Annual Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On the Record Date, 51,732,451 shares of our Common Stock were outstanding, and we had no other class of equity
securities issued and outstanding. You are entitled to one vote for each share of Common Stock you own for each matter to be voted on at the Annual Meeting. As of the Record Date, holders of Common Stock are eligible to cast an aggregate of
51,732,451 votes at the Annual Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A list of the stockholders of record as of April&nbsp;10, 2017 will be available for inspection
at EPAM&#146;s headquarters for 10 days prior to the Annual Meeting and will be available at the Annual Meeting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT CONSTITUTES A QUORUM? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A majority of our outstanding shares of Common Stock as of the record date must be present, in person or by proxy, at the Annual Meeting in
order to conduct business. This is called a quorum. If there are not enough shares of Common Stock present both in person and by timely and properly submitted proxies to constitute a quorum, the Annual Meeting may be adjourned until such time as a
sufficient number of shares are present. Both abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> are counted for the purpose of determining the presence of a quorum. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT IS THE DIFFERENCE BETWEEN BEING A &#147;STOCKHOLDER OF RECORD&#148; AND A &#147;BENEFICIAL OWNER&#148; HOLDING SHARES IN STREET NAME? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Stockholder</I> <I>of</I> <I>Record</I>: You are a &#147;stockholder of record&#148; if your shares are registered directly in your name
with our transfer agent, American Stock Transfer&nbsp;&amp; Trust Company LLC. The Proxy Materials are sent directly to a stockholder of record. A stockholder of record has the right to grant its proxy to vote directly to us or to vote via the
Internet or in person at the Annual Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Beneficial</I> <I>Owner/Street</I> <I>Name</I>: If your shares are held in a stock
brokerage account or by a bank or other nominee (a &#147;Broker&#148;), you are considered the &#147;beneficial owner&#148; of shares held in street name and your Broker is considered the stockholder of record. Your Broker forwarded the Proxy
Materials to you. As the beneficial owner, you have the right to direct your Broker how to vote your shares by completing the voting instruction form. Because a beneficial owner is not the stockholder of record, you are invited to attend the Annual
Meeting, but you may not vote these shares in person at the Annual Meeting unless you obtain a &#147;legal proxy&#148; from the Broker that holds your shares, giving you the right to vote the shares at the Annual Meeting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>HOW DO I VOTE? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>By</I> <I>Written</I>
<I>Proxy</I>: Stockholders of record can vote their shares by marking, signing and timely returning the proxy card. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>By</I>
<I>Internet</I> <I>Proxy</I>: Stockholders of record can vote their shares via the Internet. The Notice contains instructions and the Internet website address in order to vote by Internet. The Internet voting procedure is designed to authenticate
stockholders&#146; identities, to allow stockholders to give their voting instructions and to confirm that stockholders&#146; instructions have been recorded properly. </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:Times New Roman" ALIGN="center">3 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>In</I> <I>Person</I>: All stockholders of record may vote in person at the Annual Meeting.
<B>Even</B> <B>if</B> <B>you</B> <B>plan</B> <B>to</B> <B>attend</B> <B>the</B> <B>Annual</B> <B>Meeting,</B> <B>we</B> <B>recommend</B> <B>that</B> <B>you</B> <B>also</B> <B>submit</B> <B>your</B> <B>proxy</B> <B>or</B> <B>voting</B>
<B>instructions</B> <B>by</B> <B>mail</B> <B>or</B> <B>the</B> <B>Internet</B> <B>so</B> <B>that</B> <B>your</B> <B>vote</B> <B>will</B> <B>be</B> <B>counted</B> <B>if</B> <B>you</B> <B>later</B> <B>decide</B> <B>not</B> <B>to</B> <B>attend</B>
<B>the</B> <B>Annual</B> <B>Meeting.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Shares</I> <I>Held</I> <I>in</I> <I>&#147;Street</I> <I>Name&#148;</I>: If you are a
beneficial owner because your shares of stock are held in &#147;street name&#148; (i.e. through a bank, broker or other nominee), you will receive voting instructions from the institutions holding your shares. The methods of voting will depend upon
the institution&#146;s voting processes. Please contact the institution holding your shares of stock for more information. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT DOES IT MEAN IF I
RECEIVE MORE THAN ONE PROXY CARD? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">It means that your shares are registered differently or you have multiple accounts. Please vote all
of these shares separately to ensure all of the shares you hold are voted. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IF I SUBMIT A PROXY BY PROXY CARD, INTERNET, OR MAIL, HOW WILL MY SHARES BE
VOTED? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If you properly submit your proxy by one of these methods, and you do not subsequently revoke your proxy, your shares will be
voted in accordance with your instructions. If you indicate a choice with respect to any matter to be acted upon on your proxy card, your shares will be voted in accordance with your instructions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>If you properly submit your proxy but do not give voting instructions, your shares will be voted in accordance with the recommendations of
our Board of Directors. </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT IF I DO NOT SPECIFY HOW MY SHARES ARE TO BE VOTED? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Stockholders</I> <I>of</I> <I>Record</I>: If you are a stockholder of record and you properly submit your proxy but do not give voting
instructions, the persons named as proxies will vote your shares as follows: <B>FOR</B> the election of EPAM&#146;s director nominees set forth in this Proxy Statement (Proposal 1); <B>FOR</B> the ratification of the appointment of
Deloitte&nbsp;&amp; Touche LLP as our independent registered public accounting firm for our fiscal year ending December&nbsp;31, 2017 (Proposal 2); and <B>FOR</B> the approval, on an advisory and <FONT STYLE="white-space:nowrap">non-binding</FONT>
basis, of the compensation of our named executive officers (Proposal 3). If you do not return a proxy, your shares will not be counted for purposes of determining whether a quorum exists and your shares will not be voted at the Annual Meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Beneficial</I> <I>Owners</I>: If you are a beneficial owner of shares held in street name and you do not provide specific voting
instructions to your Broker within 10 days of the Annual Meeting, your Broker will be prohibited under the current rules of the New York Stock Exchange (&#147;NYSE&#148;) from voting your shares on
<FONT STYLE="white-space:nowrap">&#147;non-routine&#148;</FONT> matters. This is commonly referred to as a &#147;broker <FONT STYLE="white-space:nowrap">non-vote.&#148;</FONT> The Election of Directors (Proposal 1) and the Advisory Vote on Executive
Compensation (Proposal 3) are considered <FONT STYLE="white-space:nowrap">&#147;non-routine&#148;</FONT> matters and therefore may not be voted on by your Broker absent specific instructions from you. The Ratification of Appointment of the
Independent Registered Public Accounting Firm (Proposal 2) is considered a &#147;routine&#148; matter and therefore may be voted on by your Broker without instruction from you. We strongly encourage you to submit your voting instructions to your
Broker and exercise your right to vote as a stockholder. </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:Times New Roman" ALIGN="center">4 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT VOTE IS REQUIRED TO APPROVE EACH ITEM? </B></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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:15.95pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Item</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:50.00pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Vote Required</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Broker<BR>Discretionary</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:46.60pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Voting&nbsp;Allowed</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Proposal 1 &#150; Election of Class&nbsp;II Directors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Plurality of the votes of the shares of Common Stock entitled to vote and present in person or represented by proxy at the Annual Meeting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">No</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proposal 2 &#150; Ratification of the Appointment of Deloitte&nbsp;&amp; Touche LLP as our
Independent Registered Public Accounting Firm for our Fiscal Year Ending December&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Majority of the votes of the shares of Common Stock entitled to vote and present in person or represented by proxy at the Annual Meeting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Yes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Proposal 3 &#150; Advisory Vote to Approve Executive Compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Majority of the votes of the shares of Common Stock entitled to vote and present in person or represented by proxy at the Annual Meeting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">No</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">With respect to Proposal 1, you may vote FOR all nominees, WITHHOLD your vote as to all nominees, or vote FOR
any nominee(s) and WITHHOLD your vote for the other nominee(s). The three nominees receiving the most FOR votes will be elected. A properly executed proxy marked WITHHOLD with respect to the election of any nominee(s) will not be voted with respect
to the nominee(s) indicated. Proxies may not be voted for more than three nominees for director and stockholders may not cumulate votes in the election of directors. If you abstain from voting on Proposal 1, the abstention will not have an effect on
the outcome of the vote. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">With respect to Proposals 2 and 3 you may vote FOR, AGAINST or ABSTAIN. If you ABSTAIN from voting on any of
these Proposals, the abstention will have the same effect as an AGAINST vote. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CAN I CHANGE MY VOTE OR REVOKE MY PROXY? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If you are a stockholder of record, you may revoke your proxy at any time prior to the vote at the Annual Meeting. If you submitted your proxy
by mail, you must file with EPAM&#146;s Corporate Secretary a written notice of revocation or deliver, prior to the vote at the Annual Meeting, a valid, later-dated proxy. If you submitted your proxy via the Internet, you may revoke your proxy with
a later Internet proxy. Attendance at the Annual Meeting will not have the effect of revoking a proxy unless you give written notice of revocation to the Corporate Secretary before the proxy is exercised or you vote by written ballot at the Annual
Meeting. If you are a beneficial owner, you may change your vote by submitting new voting instructions to your Broker, or, if you have obtained a legal proxy from your Broker giving you the right to vote your shares, by attending the Annual Meeting
and voting in person. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>HOW WILL THE PROXIES BE SOLICITED? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We will pay the cost of soliciting proxies for the Annual Meeting. Proxies may be solicited by our regular directors, executive officers and
employees, without additional compensation, in person, or by mail, courier, telephone, email or facsimile. We may also make arrangements with brokerage houses and other custodians, nominees and fiduciaries for the forwarding of solicitation material
to the beneficial owners of stock held of record by such persons. We may reimburse such brokerage houses and other custodians, nominees and fiduciaries for reasonable
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses incurred by them in connection therewith. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHO
WILL COUNT THE VOTES AND HOW CAN I FIND THE VOTING RESULTS OF THE ANNUAL MEETING? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Representatives of American Stock
Transfer&nbsp;&amp; Trust Company LLC, our inspectors of election, will tabulate and certify the votes. We plan to announce preliminary voting results at the Annual Meeting, and we will report the final results in a Current Report on Form <FONT
STYLE="white-space:nowrap">8-K,</FONT> which we will file with the SEC shortly after the Annual Meeting. </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:Times New Roman" ALIGN="center">5 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT IS AN ABSTENTION AND HOW WILL ABSTENTIONS BE TREATED? </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">An &#147;abstention&#148; is when a stockholder chooses to abstain or refrain from voting his or her shares on one or more matters presented
for a vote. For the purpose of determining the presence of a quorum, abstentions are counted as present. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT DO I NEED TO DO TO ATTEND THE ANNUAL
MEETING? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If you plan to attend the Annual Meeting in person, you will need to bring proof of your ownership of Common Stock as of the
close of business on April&nbsp;10, 2017 (such as your proxy card or transfer agent statement). You will also be required to present an acceptable form of photo identification such as a passport or driver&#146;s license. Cameras, recording devices
and other electronic devices will not be permitted at the meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If you are a beneficial owner holding shares in &#147;street
name&#148; through your Broker and you would like to attend the Annual Meeting, you will need to bring an account statement or other acceptable evidence of ownership of Common Stock as of the close of business on April&nbsp;10, 2017. In order to
vote at the meeting, you may contact your Broker in whose name your shares are registered and obtain a legal proxy from your Broker and bring it to the Annual Meeting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHAT ARE THE FISCAL YEAR END DATES? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each
of our fiscal years ends on December 31. This Proxy Statement provides information about the matters to be voted on at the Annual Meeting and additional information about EPAM and its executive officers and directors. Some of the information is
provided as of the end of our 2014, 2015 or 2016 fiscal years and some information is provided as of a more current date. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHERE CAN I GET AN ANNUAL
REPORT? </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Our 2016 Annual Report, including consolidated financial statements as of and for the year ended December 31, 2016, is
being distributed to all stockholders entitled to vote at the Annual Meeting together with this Proxy Statement, in satisfaction of the requirements of the SEC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>In addition, this Proxy Statement and our 2016 Annual Report are available to you at no charge electronically at
<U>http://www.astproxyportal.com/ast/17464/</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Additional copies of the 2016 Annual Report are available at no charge upon
written request. To obtain additional copies of the 2016 Annual Report, please contact us at EPAM Systems, Inc., 41 University Drive, Suite 202, Newtown, Pennsylvania 18940, Attention: Ginger Mosier, Senior Vice President, General Counsel and
Corporate Secretary. The request must include a representation by the stockholder that as of our record date, April 10, 2017, the stockholder was entitled to vote at the Annual Meeting. </B></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:Times New Roman" ALIGN="center">6 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BOARD OF DIRECTOR<A NAME="toc368828_3"></A>S </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our certificate of incorporation and bylaws provide that the Board will consist of no fewer than three and no more than nine persons and that
the exact number of members of the Board will be determined from time to time by resolution of a majority of our entire Board. The Board currently consists of seven members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board is divided into three classes, with each director serving a three-year term and one class being elected at each year&#146;s annual
meeting of stockholders. Stockholders are not entitled to cumulate votes in the election of directors and may not vote for a greater number of persons than the number of nominees named. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Upon recommendation of the Nominating and Corporate Governance Committee, the Board has nominated the three director nominees identified below
for election as Class&nbsp;II directors at the Annual Meeting. These directors will hold office until the annual meeting of stockholders in 2020, or until their respective successors have been elected and qualified. The director nominees set forth
below have consented to being named in this Proxy Statement as nominees for election as director and have agreed to serve as directors if elected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Biographical information concerning the nominees and the current directors of the Board whose terms will continue after the Annual Meeting
appears below. Ages are correct as of April&nbsp;27, 2017. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:13.35pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Age</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:18.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:19.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Term<BR>Ends</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Ronald P. Vargo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">63</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">II</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Peter Kuerpick</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">50</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">II</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Jill B. Smart</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">57</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">II</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">56</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Director, President and Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">III</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2018</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Robert E. Segert</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">48</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">III</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2018</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Karl Robb</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">54</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">I</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2019</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Richard Michael Mayoras</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">54</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">I</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2019</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Director Nominees (Class II Directors with Term Expiring at the Annual Meeting in 2017 and in 2020 if elected)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board nominees possess specific experience, qualifications, attributes or skills that led the Nominating and Governance
Committee to the conclusion that such persons should serve as directors of EPAM, in light of our business and structure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Ronald</I></B> <B><I>P.</I></B> <B><I>Vargo</I></B><I>,</I> 63, has served as a <FONT STYLE="white-space:nowrap">non-employee</FONT>
director of our Board since January 2012 and as Lead Independent Director since 2015. Mr.&nbsp;Vargo served as Executive Vice President and Chief Financial Officer of ICF International, Inc. (&#147;ICF&#148;) from April 2010 to May 2011. Prior to
joining ICF, Mr.&nbsp;Vargo served as the Executive Vice President, Chief Financial Officer and as a member of the executive committee of Electronic Data Systems Corporation (EDS) from 2006 to 2008, and as Vice President and Treasurer of EDS from
2004 to 2006, when he was promoted to <FONT STYLE="white-space:nowrap">Co-Chief</FONT> Financial Officer. Before joining EDS, Mr.&nbsp;Vargo was employed from 1991 to 2003 by TRW, Inc. (&#147;TRW&#148;), a former $17&nbsp;billion global
manufacturing and service company strategically focused on providing products and services with a high technology or engineering content to the automotive, space and defense markets. TRW was acquired by Northrop Grumman Corporation in 2002.
Mr.&nbsp;Vargo served TRW in the positions of Vice President of Investor Relations and Treasurer from 1991 to 1994, then Vice President of Strategic Planning and Business Development from 1994 to 1999, and then Vice President of Investor Relations
and Treasurer again from 1999 to 2002. Mr.&nbsp;Vargo serves as a director of Ferro Corporation and as a member of its audit committee, a position he has held since December 2009. Mr.&nbsp;Vargo holds a Masters of Business Administration in Finance
and General Management from Stanford University and a Bachelor of Arts degree in Economics from Dartmouth College. Our Board believes Mr.&nbsp;Vargo&#146;s <FONT STYLE="white-space:nowrap">30-plus</FONT> years of experience as a financial and
business executive, and his experience serving as a member of the board of directors of another public company, provide him with the necessary skills to serve as a member of our Board and enable him to provide valuable insight to the Board regarding
strategic, financial, compliance and investor relations issues. </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:Times New Roman" ALIGN="center">7 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Dr.</I></B><B><I>&nbsp;Peter</I></B> <B><I>Kuerpick</I></B><I>,</I> 50, has served as a <FONT
STYLE="white-space:nowrap">non-employee</FONT> director of our Board since September 2014. Dr.&nbsp;Kuerpick has been Chief Platform Officer of HERE, the Open Location Platform company, since September 2016. Prior to joining HERE, Dr.&nbsp;Kuerpick
served as Executive Vice President of Product House at Unify GmbH&nbsp;&amp; Co. KG from May 2014 to September 2016. Prior to his position at Unify, Dr.&nbsp;Kuerpick worked as a freelance consultant for software companies and private equity
companies. From 2011 to 2013, Dr.&nbsp;Kuerpick served as Executive Vice President Products at SAP AG, where he was responsible for major industry solutions. From 2005 to 2010, Dr.&nbsp;Kuerpick was a member of the executive team at Software AG,
responsible for product management and research&nbsp;&amp; development. From 1998 to 2005, he held various roles at SAP AG including Senior Vice President Netweaver Java Technology. In 1994, Dr.&nbsp;Kuerpick received the Heinz-Maier-Leibnitz Award
of the German Ministry of Research and Science for his Ph.D. From 1995 to 1997, he completed his post-doctorate studies in the United States, working at the Kansas State University and the University of Tennessee, Knoxville. He holds a Ph.D. in
Theoretical Physics and a Masters in Environmental Sciences from the University of Kassel. Our Board believes Dr.&nbsp;Kuerpick&#146;s prior leadership roles in the IT industry, technology background in research&nbsp;&amp; development and
engineering, and European market experience enable Dr.&nbsp;Kuerpick to provide valuable insight to the Board regarding business strategy and industry trends. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Jill</I></B> <B><I>B.</I></B> <B><I>Smart</I></B>, 57, has served as a <FONT STYLE="white-space:nowrap">non-employee</FONT> director of
our Board since July 2016. Since 2015, Ms.&nbsp;Smart has served as President of the National Academy of Human Resources, the organization where individuals and institutions of distinction are recognized for professional achievement by election as a
&#147;Fellow.&#148; Ms.&nbsp;Smart spent over 33 years at global professional services company Accenture, including 10 years as Accenture&#146;s Chief Human Resources Officer, before her retirement from Accenture in&nbsp;2014. Prior to her HR
management roles at Accenture, Ms.&nbsp;Smart held business integration consulting positions for clients in a variety of industries, focusing on integrating strategy, technology business processes, functional applications and human performance
components. Ms.&nbsp;Smart is a Director at Alexander Mann Solutions, a London-based talent acquisition and management solutions organization, a Fellow and Director of the National Academy of Human Resources, a Fellow of the Human Resources Policy
Institute, a member of the Personnel Roundtable and a member of the G100 Talent Consortium Advisory Board. In addition, Ms.&nbsp;Smart is a member of the Board of Trustees of the University of Illinois. Ms.&nbsp;Smart received an MBA from the
University of Chicago and bachelor&#146;s degree in business administration from the University of Illinois. Our Board believes Ms.&nbsp;Smart&#146;s industry experience and human resources leadership expertise enables Ms.&nbsp;Smart to provide
valuable insight to the Board regarding human capital, executive compensation and strategy. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Continuing Directors </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Class&nbsp;III Directors with Terms Expiring at the Annual Meeting in 2018 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Arkadiy</I></B> <B><I>Dobkin</I></B>, 56, has served as Chairman of the Board, Chief Executive Officer and President since December 2002
and is one of our <FONT STYLE="white-space:nowrap">co-founders.</FONT> After earning an MS in Electrical Engineering from the Belarusian National Technical University, Mr.&nbsp;Dobkin began his career in Minsk, Belarus, where he worked for several
emerging software development companies. After immigrating to the United States in 1991, he held technical and leadership positions at Prudential Insurance, Colgate-Palmolive and SAP Labs. In 2015, Mr.&nbsp;Dobkin was inducted into the
Ernst&nbsp;&amp; Young World Entrepreneur of the Year Academy and to the elite Entrepreneur of the Year Hall of Fame. Our Board believes Mr.&nbsp;Dobkin&#146;s experience as an IT professional and executive in the IT services industry coupled with
his <FONT STYLE="white-space:nowrap">in-depth</FONT> understanding of our global delivery model provide him with the necessary skills to serve as a member of our Board and will enable him to provide valuable insight to the Board and our management
team regarding operational, strategic and management issues as well as general industry trends. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Robert</I></B> <B><I>E.</I></B>
<B><I>Segert</I></B>, 48, has served as a non-employee director of our Board since January 2012. He is currently <FONT STYLE="white-space:nowrap">non-executive</FONT> Chairman of the Board for Aspect Software, the world&#146;s leading enterprise
cloud contact center and workforce optimization provider. Formerly, Mr.&nbsp;Segert served as President, Chief Executive Officer and a director of Expert Global Solutions, Inc., a global leader in the business process outsourcing (BPO) industry,
leading the company through a significant <FONT STYLE="white-space:nowrap">re-positioning</FONT> and successful merger with Alorica in June 2016. At the time of the merger EGS was a $1.1&nbsp;billion leader in the customer relationship management
services industry, with over 43,000 employees worldwide. From 2008 until its acquisition by OpenText Corp. in January 2014, Mr.&nbsp;Segert served as President and Chief Executive Officer and a director of GXS Worldwide, Inc. (GXS), a leading global
provider of <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">business-to-business</FONT></FONT> <FONT STYLE="white-space:nowrap">e-commerce</FONT> and data integration services that simplify and enhance business process integration,
data quality and compliance, and collaboration among businesses. Prior to joining GXS in 2008, Mr.&nbsp;Segert spent 10 years at Electronic Data Systems Corporation (EDS), a $22&nbsp;billion global technology services
</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:Times New Roman" ALIGN="center">8 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
company, in various capacities, including leader of the Global Financial Products Industry, Chief Marketing Officer, General Manager of U.S. Financial Services and Managing Director of Corporate
Strategy and Planning. He has also held roles at A.T. Kearney and <FONT STYLE="white-space:nowrap">Frito-Lay,</FONT> Inc. Mr.&nbsp;Segert received a Bachelor of Science degree in Mechanical Engineering from Purdue University and a Master of Business
Administration degree from Harvard Business School. Our Board believes Mr.&nbsp;Segert&#146;s <FONT STYLE="white-space:nowrap">15-plus</FONT> years of experience as an executive in the business services and consulting industry provide him with the
necessary skills to serve as a member of our Board and enable him to provide valuable insight to the Board regarding financial and investor relations issues. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Class&nbsp;I with Terms Expiring at the Annual Meeting in 2019 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Karl</I></B> <B><I>Robb</I></B>, 54, has served as a director of our Board since March 2004, and as a
<FONT STYLE="white-space:nowrap">non-employee</FONT> director since April 2015. Mr.&nbsp;Robb served as our Executive Vice President and President of EU Operations from March 2004 until his retirement in April 2015. Mr.&nbsp;Robb joined us when
Fathom Technology, a Hungarian software development outsourcing company he <FONT STYLE="white-space:nowrap">co-founded,</FONT> merged with EPAM. Mr.&nbsp;Robb has over 30 years of experience in the global software engineering and IT solutions
industries, having worked more than 10 years in each of Western Europe, Eastern Europe and the United States. Our Board believes that Mr.&nbsp;Robb&#146;s extensive experience in and knowledge of the IT services industry in North America and Europe,
as well as his experience starting two software companies and his extensive service and responsibilities at EPAM prior to his retirement, provide him with the necessary skills to serve as a member of our Board. Our Board also believes this
background enables Mr.&nbsp;Robb to provide valuable insight to the Board regarding strategy, business development, sales, operational and management issues, and general industry trends. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>Richard</I></B> <B><I>Michael</I></B> <B><I>Mayoras</I></B>, 54, has served as a <FONT STYLE="white-space:nowrap">non-employee</FONT>
director of our Board since January 2013. Mr.&nbsp;Mayoras served as President and Chief Executive Officer and as a member of the board of directors of RedPrairie Corporation from 2007 until its 2013 acquisition by JDA Software Group, Inc., at which
time he became a member of the board of directors of JDA Software Group, Inc. until 2015. From 2004 to 2007, Mr.&nbsp;Mayoras held a number of executive roles at RedPrairie, including President, Americas, Executive Vice President, Implementation
Services and Support, and Executive Vice President for Product Development. From 2001 to 2004, Mr.&nbsp;Mayoras was President of DigiTerra, a wholly owned subsidiary of CIBER, a publicly traded enterprise application and technology consulting
company. Mr.&nbsp;Mayoras has more than 30 years of experience in the technology, consulting and software industries, having held several executive and senior management positions for various organizations. Mr.&nbsp;Mayoras serves as a member of the
Board of Directors of Professional Datasolutions, Inc. and Vendavo, Inc., and on the Advisory Board of BuildDirect Technologies Inc. In 2012, he was named a &#147;Provider Pro to Know&#148; by <I>Supply</I><I>&nbsp;&amp;</I> <I>Demand</I>
<I>Chain</I> <I>Executive</I> magazine. Our Board believes that Mr.&nbsp;Mayoras is qualified to serve as a director based on his prior executive leadership roles in the IT services industry and his experience and prior service as a member of the
board of directors of technology companies, which enable him to provide valuable insight to the Board regarding financial and business strategy issues. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CORPORATE GOVERNANC<A NAME="toc368828_4"></A>E </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board, which is elected by our stockholders, is responsible for directing and overseeing our business and affairs. In carrying out its
responsibilities, the Board selects and monitors our top management, provides oversight of our financial reporting processes and determines and implements our corporate governance policies. The Board and management are committed to good corporate
governance to ensure that we are managed for the long-term benefit of our stockholders, and we have a variety of policies and procedures to promote such goals. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Structure </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our certificate of
incorporation and bylaws provide that the Board will consist of no fewer than three and no more than nine persons and that the exact number of members of our Board will be determined from time to time by resolution of an affirmative vote of a
majority of our entire Board. The Board currently consists of seven members. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">The Board is divided into three classes, with each director
serving a three-year term and one class being elected at each year&#146;s annual meeting of stockholders. As of the date hereof, the Class&nbsp;I directors are Karl Robb and Richard Michael Mayoras; the Class&nbsp;II directors are Ronald P. Vargo,
Dr.&nbsp;Peter Kuerpick and Jill B. Smart; and the Class&nbsp;III directors are Arkadiy Dobkin and Robert E. Segert. The terms for the Class&nbsp;I, II and III directors end on the date of our 2019, 2017 and 2018 annual meetings of stockholders,
respectively. If the Class&nbsp;II director nominees are elected at the 2017 Annual Meeting, their term will end on the date of our 2020 annual meeting of stockholders. </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:Times New Roman" ALIGN="center">9 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Leadership Structure </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board recognizes that one of its key responsibilities is to evaluate and determine its optimal leadership structure to provide independent
oversight of management. The Board understands that the optimal Board leadership structure may vary as circumstances warrant. Consistent with this understanding, <FONT STYLE="white-space:nowrap">non-management</FONT> directors consider the
Board&#146;s leadership structure on an annual basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board believes it is important to retain its flexibility to allocate the
responsibilities of the offices of Chairman of the Board (the &#147;Chairman&#148;) and Chief Executive Officer in a way that is in EPAM&#146;s best interests at a given point in time. The Board has determined that it is in the best interests of
EPAM and our stockholders for both the positions of Chairman and Chief Executive Officer to be held by our <FONT STYLE="white-space:nowrap">co-founder,</FONT> Arkadiy Dobkin, at this time. If circumstances change in the future, the Board may
determine that these positions should be separated. This policy allows the Board to evaluate regularly whether EPAM is best served at any particular time by having the Chief Executive Officer or another director hold the position of Chairman. Our
Board considers this issue carefully in light of the structure the Board believes will be in the best interests of EPAM and our stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board believes that Mr.&nbsp;Dobkin is best suited to serve as Chairman because, as our
<FONT STYLE="white-space:nowrap">co-founder,</FONT> he is the director most familiar with our business and industry, and can lead the Board in identifying and prioritizing our strategies and initiatives. The combined role fosters greater
communication between the Board and management, and facilitates development and implementation of our Board-approved corporate strategy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In April 2015, our Board established the position of Lead Independent Director, and appointed Ronald P. Vargo to serve in this role. Annually,
the Nominating and Corporate Governance Committee recommends to the Board a candidate to fill this position, selected from among the independent members of the Board. The Board considers this recommendation and elects the Lead Independent Director.
Mr.&nbsp;Vargo has been <FONT STYLE="white-space:nowrap">re-appointed</FONT> to this position each year since his initial appointment. Our Lead Independent Director Charter sets out the specific responsibilities of this role, including Board
leadership, meetings with independent directors, liaising with the Chairman, facilitating distribution of information to the Board and its committees, among other things. In addition, the <FONT STYLE="white-space:nowrap">non-management</FONT>
members of our Board meet periodically in executive session to discuss the effectiveness of our management, the quality of our Board meetings and any other issues or concerns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We believe this current leadership structure is effective. Our <FONT STYLE="white-space:nowrap">non-management</FONT> directors and management
have different perspectives and roles in business and strategy development. Our independent directors bring experience, oversight and expertise from outside EPAM and both from within and outside our industry, while Mr.&nbsp;Dobkin and Mr.&nbsp;Robb
offer specific Company and industry experience and expertise. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Role in Risk Oversight </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board is responsible for oversight of EPAM&#146;s risk management practices while management is responsible for the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> risk management processes. This division of responsibilities is the most effective approach for addressing the risks facing EPAM, and our Board structure supports
this approach. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board receives periodic reports from management regarding the most significant risks we face. In addition, the Audit
Committee assists the Board in its oversight role by receiving periodic reports regarding EPAM&#146;s risk and control environment. The Board&#146;s other standing committees&#151;Compensation and Nominating and Corporate Governance&#151;oversee
risks associated with their respective areas of responsibility. For example, the Compensation Committee considers the risks associated with our compensation policies and practices, with respect to both executive compensation and compensation
generally, and the Nominating and Corporate Governance Committee has oversight responsibility for compliance with EPAM&#146;s Corporate Governance Guidelines and Code of Business Conduct and Ethics. The Board is kept abreast of each committee&#146;s
risk oversight and other activities via reports of the committee chairmen to the full Board. These reports are presented at Board meetings and include discussions of committee agenda topics, including matters involving risk oversight. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board currently considers specific risk topics, including risks associated with our strategic plan, legal compliance and other operational
activities. Further, management routinely informs the Board of developments that could affect our risk profile or other aspects of our business. </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:Times New Roman" ALIGN="center">10 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Meetings </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board held eight meetings in fiscal year 2016. Each of our directors attended at least 75% of the total number of all meetings of the Board
and committees on which the director served that were held during fiscal year 2016 while the director was a member of the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our
independent directors meet regularly in executive session without management participation, as required by NYSE listing standards. Directors are expected to attend the meetings of the Board and of any committees on which the director serves and are
encouraged, but not required, to attend our annual meetings of stockholders. All of our directors attended our annual meeting of stockholders in 2016. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Director Independence </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board has
determined that each of Peter Kuerpick, Richard Michael Mayoras, Robert E. Segert, Jill B. Smart and Ronald P. Vargo is an &#147;independent director&#148; within the meaning of the applicable NYSE rules. Accordingly, the Board determined that the
majority of the directors on the Board are independent within the meaning of the applicable NYSE rules. In addition, the Board has determined that each of Dr.&nbsp;Kuerpick, Mr.&nbsp;Mayoras, Mr.&nbsp;Segert, Ms.&nbsp;Smart and Mr.&nbsp;Vargo is an
&#147;independent director&#148; as defined by Rule <FONT STYLE="white-space:nowrap">10A-3</FONT> of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). The Board has also determined that pursuant to independence
requirements applicable to compensation committee members as set forth in Rule <FONT STYLE="white-space:nowrap">10C-1</FONT> of the Exchange Act (&#147;Rule <FONT STYLE="white-space:nowrap">10C-1&#148;)</FONT> and Section 303A.05 of the NYSE Listed
Company Manual, each of Mr.&nbsp;Mayoras, Dr.&nbsp;Kuerpick, Mr.&nbsp;Segert and Ms.&nbsp;Smart is independent as defined in Rule <FONT STYLE="white-space:nowrap">10C-1</FONT> and Section 303A.02(a)(ii) of the NYSE Listed Company Manual. In making
its determinations, the Board considered, among other things, all transactions and relationships between each director or any member of his or her immediate family and EPAM and its subsidiaries and affiliates. See &#147;Certain Relationships and
Related Transactions and Director Independence.&#148; There are no family relationships among any of our executive officers, directors or nominees for director. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Communications to the Board </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Stockholders
and other interested parties may communicate directly with our Lead Independent Director or our <FONT STYLE="white-space:nowrap">non-employee</FONT> directors as a group by sending a written communication in an envelope addressed to: Board of
Directors, Attention: Lead Independent Director, c/o General Counsel and Corporate Secretary at 41 University Drive, Suite 202, Newtown, Pennsylvania 18940. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Stockholders and other interested parties may communicate directly with the full Board by sending a written communication in an envelope
addressed to: Board of Directors, c/o General Counsel and Corporate Secretary at 41 University Drive, Suite 202, Newtown, Pennsylvania 18940. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our Audit Committee has established a process for communicating complaints regarding accounting or auditing matters. In order to submit a
complaint, you may call our hotline at (267) <FONT STYLE="white-space:nowrap">759-9000</FONT> ext. 58888 (internally) or (267) <FONT STYLE="white-space:nowrap">685-6741</FONT> (externally). Any such complaints received or submitted are forwarded to
the Audit Committee to take such action as may be appropriate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Corporate Governance Guidelines and Code of Conduct </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board has adopted a Code of Business Conduct and Ethics in accordance with applicable U.S. federal securities laws and the NYSE corporate
governance rules that applies to all of our directors, officers and other employees, including our principal executive officer, principal financial officer and principal accounting officer. Any waiver of the Code of Conduct for directors or
executive officers may be made only by the Board and will be promptly disclosed to our stockholders as required by applicable laws and NYSE rules. Amendments to the Code of Conduct must be approved by the Board and will be promptly disclosed (other
than technical, administrative or <FONT STYLE="white-space:nowrap">non-substantive</FONT> changes). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board has also adopted Corporate
Governance Guidelines in accordance with NYSE corporate governance rules that serve as a flexible framework within which our Board and its committees operate. These guidelines cover a number of areas including: the size and composition of the Board;
Board membership criteria and director qualifications; director responsibilities; Board agendas; roles of the Chairman, Chief Executive Officer and Lead Independent Director; meetings of independent directors; committee responsibilities and
assignments; Board member access to management and independent advisors; director communications with third parties; director compensation; director orientation and continuing education; evaluation of senior management; and management succession
planning. </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:Times New Roman" ALIGN="center">11 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Code of Conduct and the Corporate Governance Guidelines are publicly available through the <FONT
STYLE="white-space:nowrap">&#147;Investors-Corporate</FONT> Governance&#148; section of our website at http://investors.epam.com. The information on our website is not incorporated by reference into this Proxy Statement or in our 2016 Annual Report.
A copy will be provided in print without charge upon written request to our General Counsel and Corporate Secretary at 41 University Drive, Suite 202, Newtown, Pennsylvania 18940. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Committees of the Board </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board uses
committees to work on certain issues in detail. Each committee reports the progress and results of its meetings to the Board and makes recommendations to the Board when appropriate. The Board currently has three standing committees &#150; an Audit
Committee, a Compensation Committee and a Nominating and Corporate Governance Committee. Each of our committees operates under a written charter that has been approved by our Board. The charters are reviewed annually by each respective committee,
which recommends any proposed changes to our Board. The charters are available on the <FONT STYLE="white-space:nowrap">&#147;Investors-Corporate</FONT> Governance&#148; section of our website at http://investors.epam.com and will be provided in
print without charge upon written request to our General Counsel and Corporate Secretary at 41 University Drive, Suite 202, Newtown, Pennsylvania 18940. The information on our website is not incorporated by reference into this Proxy Statement or our
2016 Annual Report. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The primary responsibilities of each of our committees, as well as the current composition of our committees and the
number of committee meetings held during 2016, are described 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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman"><B><I><U>Audit</U><U> </U><U>Committee</U></I></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></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:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">The primary responsibilities of our Audit Committee include:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Committee Members:</B></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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appoint, compensate, retain and oversee our
independent auditors;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Ronald P. Vargo (Chairman)</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Robert E. Segert</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Richard Michael
Mayoras</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;pre-approve</FONT> the independent
auditors&#146; audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services rendered, and recognize and prevent prohibited <FONT STYLE="white-space:nowrap">non-audit</FONT> services;</P></TD>
<TD VALIGN="bottom">&nbsp;</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:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;review the proposed scope and results of the
audit;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;review, in conjunction with the Chief Executive
Officer and Chief Financial Officer of our Company, disclosure controls and procedures and internal control over financial reporting with the independent auditors and our financial and accounting staff</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><B>Number</B> <B>of</B> <B>Meetings</B> <B>in</B> <B>2016:</B> 8</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;establish procedures for complaints received by us
regarding accounting, internal accounting controls or auditing matters;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;oversee internal audit functions; and</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prepare the report of the Audit Committee that SEC
rules require to be included in our annual proxy statement</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3">The Audit Committee currently consists exclusively of directors who are financially literate, and each of the members of the Audit Committee is considered an &#147;audit committee financial expert&#148; as defined
under Item 407(d)(5) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> The Board has determined that each of the current members of the Audit Committee is an &#147;independent director&#148; within the meaning of the applicable NYSE rules
and as defined by Rule <FONT STYLE="white-space:nowrap">10A-3</FONT> of the Exchange Act.</TD></TR>
</TABLE>
 <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:Times New Roman" ALIGN="center">12 </P>


<p Style='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>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman"><B><I><U>Compensation</U><U> </U><U>Committee</U></I></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></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:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">The primary responsibilities of our Compensation Committee include:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Committee Members:</B></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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;review and recommend the compensation arrangements
for executive officers, including the compensation for our Chief Executive Officer;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Richard Michael Mayoras</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Chairman)</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Peter Kuerpick</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Robert E. Segert</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Jill B. Smart
(beginning September</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2016; Ronald P. Vargo served as a</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Committee Member until</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">September
2016)</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;identify corporate goals and objectives relevant to executive and
director compensation;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;review, evaluate and recommend to the Board for approval, if
applicable, any equity-based incentive plan;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;retain or obtain the advice of a compensation consultant, legal
counsel or other adviser in its sole authority and be responsible for the appointment, compensation, termination and oversight of the work of any such adviser that is retained;</P></TD>
<TD VALIGN="bottom">&nbsp;</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;delegate its authority to subcommittees or the
chair of the Compensation Committee when it deems it appropriate and in our best interests and to delegate to one or more of our officers the authority to make grants and awards of stock rights or options to any of our
<FONT STYLE="white-space:nowrap">non-Section</FONT> 16 officers under our equity-based incentive plan as the Compensation Committee deems appropriate and in accordance with the terms of the plans;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Number</B> <B>of</B> <B>Meetings</B> <B>in</B> <B>2016:</B> 8</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;consider the results of the most recent
stockholder advisory vote on executive compensation; and</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prepare the report of the Compensation Committee
to the extent required by SEC rules to be included in our annual proxy statement.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3">The Board has determined that each of the members of the Compensation Committee is an &#147;independent director&#148; within the meaning of the rules set forth in Rule <FONT STYLE="white-space:nowrap">10C-1</FONT>
and Section 303A.02(a)(ii) of the NYSE Listed Company Manual. The processes and procedures followed by our Compensation Committee in considering and determining executive compensation, including the use of consultants and other outside advisors, are
described in &#147;Compensation Discussion and Analysis.&#148;</TD></TR>
</TABLE> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman"><B><I><U>Nominating</U><U> </U><U>and</U><U> </U><U>Corporate</U><U> </U><U>Governance</U><U>
</U><U>Committee</U></I></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></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:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">The primary responsibilities of our Nominating and Corporate Governance Committee include:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Committee Members:</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">Robert E. Segert (Chairman)</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Richard
Michael Mayoras</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Ronald P. Vargo</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;identify and nominate members for election to the Board;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;recommend to the Board a candidate for the position of Lead
Independent Director of the Board from among the independent members of the Board;</P></TD>
<TD VALIGN="bottom">&nbsp;</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;develop and recommend to the Board a set of
corporate governance principles and code of conduct applicable to our Company and to oversee compliance thereof; and</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><B>Number</B> <B>of</B> <B>Meetings</B> <B>in</B> <B>2016:</B> 5</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:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;oversee the evaluation of the Board and
management.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3">The Board has determined that each of the members of the Nominating and Corporate Governance Committee is an &#147;independent director&#148; within the meaning of the applicable NYSE rules.</TD></TR>
</TABLE>
 <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:Times New Roman" ALIGN="center">13 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consideration of Director Nominees </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Identifying</I> <I>and</I> <I>Evaluating</I> <I>Nominees</I> <I>for</I> <I>Directors</I>. The Nominating and Corporate Governance Committee
utilizes a variety of methods to identify and evaluate director nominees, including nominees recommended by stockholders, but has not at this time adopted any specific written procedures with respect thereto. The committee assesses the appropriate
size of the Board from time to time. In the event that vacancies are anticipated or otherwise arise, the committee decides whether to fill such vacancies and, if so, considers various potential candidates. Candidates may come to the attention of the
committee through current Board members, professional search firms engaged by the committee, stockholders or others. The committee reviews recommendations, evaluates biographical information and considers background material relating to potential
candidates and, as appropriate, interviews selected candidates. These candidates may be evaluated at meetings of the committee and may be considered at any point during the year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Stockholder</I> <I>Nominees</I>. Our bylaws permit stockholders to nominate directors for consideration at our annual stockholder meeting.
If any materials are provided by a stockholder in connection with the nomination of a director candidate, such materials are forwarded to the Nominating and Corporate Governance Committee. The committee&#146;s policy is to consider properly
submitted stockholder nominations. In evaluating all director nominations, the committee seeks to balance an individual&#146;s knowledge, experience, capabilities, and compliance with the membership criteria established by our Corporate Governance
Guidelines and the Nominating and Corporate Governance Committee. For a description of the procedures to be followed by stockholders to nominate directors for consideration at our annual stockholder meeting see &#147;Stockholder Proposals for the
2018 Annual Meeting,&#148; which is incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Director</I> <I>Qualifications</I>. At this time, neither the
Board nor the Nominating and Corporate Governance Committee has established any minimum qualifications or skills for directors, however the Nominating and Corporate Governance Committee will apply the criteria set forth in our Corporate Governance
Guidelines and consider a nominee&#146;s judgment, diversity, skills, conflicts of interest, knowledge of our business and industry, experience in various geographies, background and experience in light of the Board&#146;s challenges and the needs
of the Board and its committees. The Nominating and Corporate Governance Committee also takes into account the independence, financial literacy and financial expertise standards as required under our Corporate Governance Guidelines, committee
charters and applicable laws and regulations, and the ability of the candidate, in light of the candidate&#146;s present activities and our Corporate Governance Guidelines, to devote the necessary time and attention to serving as a director and a
committee member. The committee does not assign specific weights to particular criteria and no particular criterion is a prerequisite for, or necessarily applicable to, any prospective nominee. We believe that the backgrounds and qualifications of
our directors, considered as a group, should provide a composite mix of experience, knowledge and abilities that will allow the Board to fulfill its responsibilities. While we take into account diversity of background and experience, we do not have
a formal policy that requires nominees to meet specific criteria. </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:Times New Roman" ALIGN="center">14 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OUR EXECUTIVE OFFICER<A NAME="toc368828_5"></A>S </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Executive officers are appointed by the Board. The following table sets forth the names, ages and positions of our executive officers as of
April&nbsp;27, 2017: </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="77%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:13.35pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Age</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Position</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chairman of the Board of Directors, President and Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Anthony Conte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, Chief Financial Officer and Treasurer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, <FONT STYLE="white-space:nowrap">Co-Head</FONT> of Global Business</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Boris Shnayder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, <FONT STYLE="white-space:nowrap">Co-Head</FONT> of Global Business</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Ginger Mosier</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, General Counsel and Corporate Secretary</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Larry Solomon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, Chief People Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Marketing Officer</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Information about Mr.&nbsp;Dobkin is provided under &#147;Board of Directors&#148; in this Proxy Statement. A
brief biography for each of our other executive officers follows. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Anthony</B> <B>Conte</B>, 45, is currently our Senior Vice
President, Chief Financial Officer and Treasurer. On November&nbsp;2, 2016, Mr.&nbsp;Conte submitted notice that he intends to resign his position with us effective in the third quarter of 2017, or at such earlier date determined by the Board
following the appointment of his successor. Prior to his promotion to Chief Financial Officer and Treasurer in November 2013, he served as our Vice President-Finance, where he was instrumental in EPAM&#146;s IPO, and as our Controller when he joined
EPAM in 2006. Mr.&nbsp;Conte is a CPA with over 20 years of experience in finance, accounting, audit, international operations and strategic planning. Prior to joining EPAM, Mr.&nbsp;Conte spent five years in several senior finance roles within the
McGraw Hill organization, last serving as Controller of its Platts business unit, a leading global provider of energy, petrochemicals, metals and agriculture information. Mr.&nbsp;Conte was also the finance manager for John Hancock&#146;s
International Operations, overseeing various established Asian subsidiaries and working to successfully launch a new Chinese subsidiary for the company. Mr.&nbsp;Conte started his career at Coopers and Lybrand in Boston and holds a B.S. in
Accounting and an M.B.A. from Northeastern University. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Balazs</B> <B>Fejes</B>, 42, became our Senior Vice President, <FONT
STYLE="white-space:nowrap">Co-Head</FONT> of Global Business in 2015 after serving as Senior Vice President, Global Head of Banking and Financial Services Business Unit since August 2012. From March 2004 to August 2012, Mr.&nbsp;Fejes served as
EPAM&#146;s Chief Technology Officer. Mr.&nbsp;Fejes joined us when Fathom Technology, a Hungarian software engineering firm, which he <FONT STYLE="white-space:nowrap">co-founded</FONT> and for which he served as Chief Technology Officer, merged
with us. Prior to <FONT STYLE="white-space:nowrap">co-founding</FONT> Fathom Technology, Mr.&nbsp;Fejes was a chief software architect/line manager with Microsoft Great Plains (Microsoft Business Solutions). He also served as a chief software
architect of Scala Business Solutions. Mr.&nbsp;Fejes has been employed as a consultant by Redlodge Holdings Limited, a consulting firm, since July 2007. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Boris</B> <B>Shnayder</B>, 50, joined EPAM in July 2015 as our Senior Vice President, <FONT STYLE="white-space:nowrap">Co-Head</FONT> of
Global Business with a primary focus on Americas. In this role, he is responsible for EPAM&#146;s entire book of business in the region. With over 20 years of experience in the IT and telecommunications industries, Mr.&nbsp;Shnayder brings both
industry and global operations leadership. Prior to his role at EPAM, Mr.&nbsp;Shnayder served in a variety of roles at GlobalLogic, Inc. from 2007 to 2015, including Chief Delivery Officer, Senior Vice President, Head of Telecom&nbsp;&amp;
Healthcare and General Manager, and Vice President of Telecommunications. He also held senior software management positions at Motorola and Telcordia, managing teams throughout the United States, China, India and Russia. Mr.&nbsp;Shnayder received
his MS degree in Mechanical Engineering from the Lyiv University in Ukraine. </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:Times New Roman" ALIGN="center">15 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Ginger</B> <B>Mosier</B>, 52, is our Senior Vice President, General Counsel and Corporate
Secretary. She has served the General Counsel role since March 2010 and as Corporate Secretary since January 2012. Ms.&nbsp;Mosier also served as our Assistant Corporate Secretary from May 2010 to January 2012. Prior to joining EPAM, Ms.&nbsp;Mosier
spent approximately eight years in a variety of legal positions with Hewlett-Packard Company. In her last position, she served as senior counsel advising on global IT outsourcing deals and related services transactions. Prior to that, she advised a
number of HP Software divisions as corporate counsel and was the legal representative for the HP Software Integration Office created for implementing the acquisition and integration of several software companies. Immediately prior to
Hewlett-Packard, Ms.&nbsp;Mosier practiced corporate law at Drinker Biddle&nbsp;&amp; Reath LLP. Ms.&nbsp;Mosier began her legal career at Baker&nbsp;&amp; Daniels. Ms.&nbsp;Mosier holds a J.D., Magna Cum Laude, from Indiana University School of Law
at Indianapolis where she was a member of the Indiana Law Review and a B.A. from Indiana <FONT STYLE="white-space:nowrap">University-Purdue</FONT> University at Indianapolis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Larry</B> <B>Solomon</B>, 52, joined EPAM in October 2016 as our Senior Vice President, Chief People Officer, responsible for overseeing
all aspects of talent management, talent acquisition, workforce planning and management, as well as other human resource related functions with EPAM globally. Prior to joining EPAM, Mr.&nbsp;Solomon held a number of leadership positions at Accenture
beginning in 1986. His most recent responsibilities as Senior Managing Director and North America Operating Officer from 2013 to 2016 included overseeing and managing the full employee life cycle of all Accenture people in the United States and
Canada, resource planning, recruitment, staffing and deployment, and performance management. Prior to that, he was Accenture&#146;s Global COO of Human Resources from 2011 to 2013, with overall responsibility for human resources operations.
Mr.&nbsp;Solomon received a bachelor&#146;s degree in Business Administration from the State University of New York at Albany with a Finance/MIS major and Spanish language minor. He graduated with Magna Cum Laude distinction in 1986. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Elaina</B> <B>Shekhter</B>, 47, is our Chief Marketing Officer (&#147;CMO&#148;), a position she assumed in March 2015. As CMO,
Ms.&nbsp;Shekhter works to integrate a variety of functions that influence the strategy, positioning and global brand of the Company. Ms.&nbsp;Shekhter has been with EPAM since 2001 in a number of roles, including most recently as the Global Head of
Business Development and prior to that as the Global Head of our Travel and Consumer Business Unit. Before joining EPAM, Ms.&nbsp;Shekhter was with the global hospitality and travel company Carlson Companies, in a number of operational and business
development roles including Head of Retail and Entertainment for 24K, a <FONT STYLE="white-space:nowrap">spin-off</FONT> of Carlson Marketing Group. Prior to Carlson, Ms.&nbsp;Shekhter was a Manager with Ernst&nbsp;&amp; Young Consulting,
specializing in CRM and analytics engagements. Ms.&nbsp;Shekhter holds an MS degree in Information Systems and BS/BA degrees in Economic Theory and Political Science from The American University. She is active in the software startup and emerging
technology community and takes a special interest in sustainability and artificial intelligence initiatives. </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:Times New Roman" ALIGN="center">16 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMEN<A NAME="toc368828_6"></A>T
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As of February&nbsp;10, 2017, there were 51,184,697 shares of our Common Stock issued and outstanding. The following table sets forth
certain information with respect to the beneficial ownership of our common stock for: </P> <P STYLE="font-size:6pt;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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">each of our directors and named executive officers individually; </TD></TR></TABLE> <P STYLE="font-size:6pt;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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">all directors and executive officers as a group; and </TD></TR></TABLE> <P STYLE="font-size:6pt;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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">each stockholder known by us to be the beneficial owner of more than 5% of our outstanding Common Stock. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We have calculated beneficial ownership in accordance with the rules of the SEC, and includes voting and investment power with respect to
shares. Pursuant to the rules of the SEC, shares of Common Stock issuable pursuant to options currently exercisable or exercisable within 60 days of February&nbsp;10, 2017, shares of Common Stock issuable upon settlement of restricted stock units,
and restricted Common Stock are deemed to be outstanding for calculating the percentage of outstanding shares beneficially owned by the person holding those options, but are not deemed to be outstanding for computing the percentage of shares
beneficially owned by any other person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">To our knowledge, except as indicated, the stockholders named in the table have sole voting and
investment power with respect to all shares of Common Stock beneficially owned by them, based on the information provided to us by such stockholders. Unless otherwise indicated, the address for each director and executive officer is c/o EPAM
Systems, Inc., 41 University Drive, Suite 202, Newtown, Pennsylvania 18940. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Shares&nbsp;Beneficially&nbsp;Owned</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Name and Address of Beneficial Owner</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B><I>Named Executive Officers and Directors</I></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,778,141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.43</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Anthony Conte (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes (3)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,060</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Boris Shnayder (4)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Ginger Mosier (5)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,007</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter (6)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,579</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Larry Solomon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Peter Kuerpick</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Richard Michael Mayoras</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Karl Robb</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,044</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Robert E. Segert</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Jill B. Smart</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Ronald P. Vargo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"></TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">All executive officers and directors as a group (13 people)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,157,689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B><I>5% Stockholders</I></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">JPMorgan Chase&nbsp;&amp; Co.(7)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,920,143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.66</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">The Vanguard Group (8)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,656,219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.14</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">FMR LLC (9)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,077,817</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.01</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">BlackRock, Inc. (10)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,947,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.76</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Morgan Stanley (11)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,646,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">*</TD>
<TD ALIGN="left" VALIGN="top">Denotes less than 1% of the shares of Common Stock beneficially owned. </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">(1)</TD>
<TD ALIGN="left" VALIGN="top">Includes (i) 2,169,485 shares of Common Stock held directly by Mr.&nbsp;Dobkin; (ii) 95,256 shares of Common Stock issuable to Mr.&nbsp;Dobkin upon exercise of options exercisable within 60 days of February&nbsp;10,
2017; and (iii) 513,400 shares of Common Stock held by the Arkadiy Dobkin GST Exempt Grantor Trust (the &#147;Dobkin Grantor Trust&#148;) for the benefit of Mr.&nbsp;Dobkin&#146;s children, for which Mr.&nbsp;Dobkin&#146;s spouse acts as the
trustee. Mr.&nbsp;Dobkin may be deemed to have shared power to vote or to direct the vote, and shared power to dispose or to direct the disposition of the 513,400 shares held by the Dobkin Grantor Trust and identified as beneficially owned by him
above. Mr.&nbsp;Dobkin disclaims beneficial ownership of the securities held by the Dobkin Grantor Trust except to the extent of his pecuniary interest therein. </TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">17 </P>


<p Style='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>


<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">(2)</TD>
<TD ALIGN="left" VALIGN="top">Includes 45,602 shares of Common Stock issuable to Mr.&nbsp;Conte upon exercise of options exercisable within 60 days of February&nbsp;10, 2017. </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">(3)</TD>
<TD ALIGN="left" VALIGN="top">Includes 136,415 shares of Common Stock issuable to Mr.&nbsp;Fejes upon exercise of options exercisable within 60 days of February&nbsp;10, 2017. </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">(4)</TD>
<TD ALIGN="left" VALIGN="top">Includes 18,077 shares of Common Stock issuable to Mr.&nbsp;Shnayder upon exercise of options exercisable within 60 days of February&nbsp;10, 2017. </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">(5)</TD>
<TD ALIGN="left" VALIGN="top">Includes 26,054 shares of Common Stock issuable to Ms.&nbsp;Mosier upon exercise of options exercisable within 60 days of February&nbsp;10, 2017. </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">(6)</TD>
<TD ALIGN="left" VALIGN="top">Includes 32,649 shares of Common Stock issuable to Ms.&nbsp;Shekhter upon exercise of options exercisable within 60 days of February&nbsp;10, 2017. </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">(7)</TD>
<TD ALIGN="left" VALIGN="top">Information based on a Schedule 13G filed with the SEC on January&nbsp;23, 2017. JPMorgan Chase&nbsp;&amp; Co., a parent holding company, holds shares on behalf of: JPMorgan Chase Bank, National Association; J.P. Morgan
Investment Management Inc.; J.P. Morgan Trust Company of Delaware; JPMorgan Asset Management (UK) Limited; J.P. Morgan International Bank Limited; J.P. Morgan (Suisse) SA; J.P. Morgan Private Investments Inc.; J.P. Morgan Securities LLC. The address
of JPMorgan Chase&nbsp;&amp; Co. is 270 Park Ave., New York, NY 10017. </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">(8)</TD>
<TD ALIGN="left" VALIGN="top">Information based on a Schedule 13GA filed with the SEC on February&nbsp;9, 2017. The Vanguard Group, a parent holding company, holds shares on behalf of Vanguard Fiduciary Trust Company and Vanguard Investments
Australia, Ltd. The Vanguard Group has sole voting power over 91,156 shares and shared voting power of 4,600 shares, and has sole dispositive power over 3,559,671 shares and shared dispositive power over 96,548 shares. The address of The Vanguard
Group is 100 Vanguard Blvd., Malvern, PA 19355. </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">(9)</TD>
<TD ALIGN="left" VALIGN="top">Information based on a Schedule 13G filed with the SEC on February&nbsp;14, 2017. FMR LLC, a parent holding company, holds shares on behalf of: FIAM LLC; Fidelity Institutional Asset Management Trust Company; Fidelity
Management&nbsp;&amp; Research (Hong Kong) Limited; FMR Co., Inc.; and Strategic Advisers, Inc. FMR LLC has sole voting power over 489,693 shares, and has sole dispositive power over 3,077,817 shares. The address of FMR LLC is 245 Summer Street,
Boston, MA 02210. </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">(10)</TD>
<TD ALIGN="left" VALIGN="top">Information based on a Schedule 13G filed with the SEC on January&nbsp;24, 2017. BlackRock, Inc., a parent holding company, holds shares on behalf of: BlackRock (Luxembourg) S.A.; BlackRock (Netherlands) B.V.; BlackRock
Advisors, LLC; BlackRock Asset Management Canada Limited; BlackRock Asset Management Ireland Limited; BlackRock Asset Management Schweiz AG; BlackRock Financial Management, Inc.; BlackRock Fund Advisors; BlackRock Institutional Trust Company, N.A.;
BlackRock Investment Management (Australia) Limited; BlackRock Investment Management (UK) Ltd; BlackRock Investment Management, LLC. The address of BlackRock, Inc. is 55 East 52<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP> Street, New
York, NY 10055. </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">(11)</TD>
<TD ALIGN="left" VALIGN="top">Information based on a Schedule 13G filed with the SEC on February&nbsp;10, 2107 jointly by Morgan Stanley and Morgan Stanley Investment Management Inc. Morgan Stanley and Morgan Stanley Investment Management Inc. have
sole voting power over 1,835,787 shares and shared dispositive power over 2,646,152 shares. The address of each of Morgan Stanley and Morgan Stanley Investment Management Inc. is 1585 Broadway, New York, NY 10036. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENC<A NAME="toc368828_7"></A>E </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Related Person Transaction Policy </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board adopted a written policy with respect to related person transactions in January 2012. Under such related person transaction policy, a
&#147;Related Person Transaction&#148; is any transaction, arrangement or relationship involving us in which a Related Person has a direct material interest. A &#147;Related Person&#148; is any of our executive officers, directors or director
nominees, any stockholder beneficially owning in excess of 5% of our stock or securities exchangeable for our stock and any immediate family member of any of the foregoing persons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Pursuant to such related person transaction policy, any Related Person Transaction must be approved or ratified by our Nominating and
Corporate Governance Committee, the Board or a designated committee thereof consisting solely of independent directors (the &#147;Reviewing Body&#148;). In determining whether to approve or ratify a transaction with a Related Person, the Reviewing
Body will consider all relevant facts and circumstances, including </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:Times New Roman" ALIGN="center">18 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
without limitation the commercial reasonableness of the terms, the benefit and perceived benefit, or lack thereof, to us, opportunity costs of alternate transactions, the materiality and
character of the Related Person&#146;s direct or indirect interest, and the actual or apparent conflict of interest of the Related Person. The Reviewing Body will not approve or ratify a Related Person Transaction unless it has determined that, upon
consideration of all relevant information, such transaction is in, or not inconsistent with, the best interests of EPAM and our stockholders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Transaction between EPAM and Unify GmbH&nbsp;&amp; Co. KG </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In October 2014, the Nominating and Corporate Governance Committee approved a proposed ordinary course commercial transaction between EPAM and
Unify GmbH&nbsp;&amp; Co. KG (&#147;Unify&#148;) for EPAM to provide IT services to Unify. Dr.&nbsp;Peter Kuerpick, a member of our Board of Directors and Compensation Committee, was Executive Vice President of Product House at Unify until August
2016. Dr.&nbsp;Kuerpick has not and will not receive any monetary amount in connection with this transaction. The Nominating and Corporate Governance Committee determined that the proposed transaction was in the best interests of EPAM and our
stockholders, and authorized EPAM management to proceed with negotiating, agreeing and documenting the transaction with Unify on an arm&#146;s length basis. The Nominating and Corporate Governance Committee also determined that the transaction would
not impair Dr.&nbsp;Kuerpick&#146;s status as an independent director or Compensation Committee member under the NYSE rules relating to independence. In March 2015, EPAM and Unify entered into an agreement for EPAM to provide IT services of the type
we typically provide clients in the ordinary course. During 2015, EPAM invoiced approximately $4.8&nbsp;million for services provided to Unify, and in 2016, EPAM invoiced approximately $3.6&nbsp;million for services to Unify. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Indemnification Agreements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our
certificate of incorporation includes provisions that authorize and require us to indemnify our officers and directors to the fullest extent permitted under Delaware law, subject to limited exceptions. We have entered into separate indemnification
agreements with our directors and executive officers. These agreements will require us to indemnify these individuals to the fullest extent permitted by applicable law against liabilities that may arise by reason of their service to us, and to
advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Director Independence </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Further information on director independence is set forth in &#147;Corporate Governance.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Insider Trading Policy, Prohibition on Hedging and Transactions in Derivatives, Rule <FONT STYLE="white-space:nowrap">10b5-1</FONT> Trading Plans </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We have an insider trading policy that prohibits, among other things, our employees and directors from engaging in (i)&nbsp;any hedging
transactions that are designed to hedge or speculate on any change in the market value of EPAM&#146;s equity securities, (ii)&nbsp;trading in options or other derivatives involving EPAM&#146;s stock, and (iii)&nbsp;pledging Company securities in any
circumstance, including by purchasing company securities in margin or holding company securities in a margin account. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As of the Record
Date, certain of our officers and directors were parties to Rule <FONT STYLE="white-space:nowrap">10b5-1</FONT> trading plans. We do not undertake any obligation to report Rule <FONT STYLE="white-space:nowrap">10b5-1</FONT> trading plans that are
adopted, or may be adopted in the future, by any of our officers and directors, or to report any modifications or terminations of any publicly announced plan, except to the extent required by law. </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:Times New Roman" ALIGN="center">19 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF THE AUDIT COMMITTE<A NAME="toc368828_8"></A>E </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">EPAM&#146;s Board has adopted a written charter of the Audit Committee which details the role and responsibilities of the Audit Committee. The
Audit Committee, among other things, appoints, retains and oversees EPAM&#146;s independent registered public accounting firm; oversees internal audit functions; and reviews with management EPAM&#146;s disclosure controls and procedures and internal
control over financial reporting. The Audit Committee serves a Board-level oversight role in which it provides advice, counsel and direction to management and EPAM&#146;s independent registered public accounting firm on the basis of the information
it receives, discussions with management and the auditors, and the experience of the Audit Committee&#146;s members in business, financial and accounting matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Management has primary responsibility for financial statements, accounting principles and internal control over financial reporting.
EPAM&#146;s independent registered public accounting firm is responsible for auditing EPAM&#146;s financial statements and expressing an opinion as to their conformity with accounting principles generally accepted in the United States. The members
of the Audit Committee are not professional auditors or accountants, and the functions of the Audit Committee are not intended to replicate, verify or certify management&#146;s activities or those of EPAM&#146;s independent registered public
accounting firm. Moreover, the Audit Committee cannot certify that EPAM&#146;s independent registered public accounting firm is &#147;independent&#148; under applicable rules and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In fulfilling its responsibilities, the Audit Committee met eight times during 2016. During those meetings, the Audit Committee: </P>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Met with EPAM&#146;s internal auditors and independent registered public accounting firm, Deloitte&nbsp;&amp; Touche LLP, with and without management present, to discuss the overall scope and plans for their respective
audits, the results of their examinations, their evaluations of internal control over financial reporting and the overall quality of financial reporting.</TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Reviewed and discussed with EPAM&#146;s management and Deloitte&nbsp;&amp; Touche LLP, for their respective purposes, the audited financial statements included in EPAM&#146;s Annual Report on <FONT
STYLE="white-space:nowrap">Form&nbsp;10-K</FONT> for 2016. The discussions included the quality, not just the acceptability, of the accounting principles, the reasonableness of significant judgments and the clarity of disclosures in the financial
statements and the Annual Report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K</FONT> for 2016.</TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Reviewed the unaudited interim financial statements and <FONT STYLE="white-space:nowrap">Forms&nbsp;10-Q</FONT> prepared each quarter by the Company.</TD></TR></TABLE>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Received management representations that the Company&#146;s financial statements were prepared in accordance with accounting principles generally accepted in the United States of America.</TD></TR></TABLE>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Reviewed and assessed the adequacy of the Audit Committee charter.</TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Reviewed and discussed with Deloitte&nbsp;&amp; Touche LLP those matters required to be communicated by the standards of the Public Company Accounting Oversight Board (&#147;PCAOB&#148;), as well as critical accounting
policies and practices, alternative accounting treatments, and other material written communications between management and Deloitte&nbsp;&amp; Touche LLP, as required by <FONT STYLE="white-space:nowrap">Rule&nbsp;2-07</FONT> of <FONT
STYLE="white-space:nowrap">Regulation&nbsp;S-X</FONT> under the Securities Exchange Act of 1934, as amended.</TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Discussed with Deloitte&nbsp;&amp; Touche LLP all matters required to be discussed by PCAOB Auditing Standard No.&nbsp;16,<I>&nbsp;Communications</I> <I>with</I> <I>Audit</I> <I>Committees</I>.</TD></TR></TABLE>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Discussed with Deloitte&nbsp;&amp; Touche LLP matters relating to their independence and received and reviewed the written disclosures and the letter from Deloitte&nbsp;&amp; Touche LLP required by applicable
requirements of the PCAOB regarding Deloitte&nbsp;&amp; Touche LLP&#146;s communications with the Audit Committee concerning independence. The Audit Committee has considered whether the level of <FONT STYLE="white-space:nowrap">non-audit</FONT>
related services provided by Deloitte&nbsp;&amp; Touche LLP and certain of its affiliates (collectively, the &#147;Deloitte Entities&#148;) is consistent with maintaining their independence. </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-approved</FONT> all audit, other audit-related and tax services performed by the Deloitte Entities. </TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">20 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In addition to <FONT STYLE="white-space:nowrap">pre-approving</FONT> the audit, other
audit-related and tax services performed by the Deloitte Entities, the Audit Committee requests and reviews fee estimates for each proposed service. These fee estimates strengthen the oversight the Audit Committee exercises over EPAM&#146;s
independent registered public accounting firm. On a periodic basis, the Audit Committee reviews the status of service engagements and fees incurred <FONT STYLE="white-space:nowrap">year-to</FONT> date against
<FONT STYLE="white-space:nowrap">pre-approved</FONT> service engagement scope and fee estimates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Based on the review and discussions
noted above, the Audit Committee recommended to the Board that the audited consolidated financial statements be included in EPAM&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31,
2016, for filing with the SEC. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">THE AUDIT COMMITTEE</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Ronald P. Vargo, Chair</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Robert E. Segert</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Richard Michael Mayoras</P></TD></TR>
</TABLE></DIV>
 <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:Times New Roman" ALIGN="center">21 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPENSATION OF DIRECTOR<A NAME="toc368828_9"></A>S </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation of Directors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following
table contains information about the fees and other compensation earned or paid to the members of the Board in the fiscal year ended December&nbsp;31, 2016. Mr.&nbsp;Dobkin did not receive any compensation for his service as a director, and
therefore is not included in the following table. The compensation received by Mr.&nbsp;Dobkin for his service to EPAM as President and Chief Executive Officer in 2016 is presented in &#147;Executive Compensation.&#148; </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Director Compensation </B></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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fees&nbsp;Earned&nbsp;or<BR>Paid&nbsp;in&nbsp;Cash&nbsp;($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock<BR>Awards(1)<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Awards<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-Equity</FONT><BR>Incentive Plan<BR>Compensation<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-Qualified</FONT><BR>Deferred<BR>Compensation<BR>Earnings ($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All Other<BR>Compensation<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total ($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Peter Kuerpick</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">57,500</TD>
<TD NOWRAP VALIGN="bottom">(2)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">75,037</TD>
<TD NOWRAP VALIGN="bottom">(3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">132,537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Richard Michael Mayoras</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">81,000</TD>
<TD NOWRAP VALIGN="bottom">(4)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">75,037</TD>
<TD NOWRAP VALIGN="bottom">(3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">156,037</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Karl Robb</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">(5)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">75,037</TD>
<TD NOWRAP VALIGN="bottom">(3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">47,000</TD>
<TD NOWRAP VALIGN="bottom">(6)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">172,037</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Robert E. Segert</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">77,500</TD>
<TD NOWRAP VALIGN="bottom">(7)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">75,037</TD>
<TD NOWRAP VALIGN="bottom">(3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">152,537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jill B. Smart</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,270</TD>
<TD NOWRAP VALIGN="bottom">(8)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">100,014</TD>
<TD NOWRAP VALIGN="bottom">(9)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">126,284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Ronald P. Vargo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">106,299</TD>
<TD NOWRAP VALIGN="bottom">(10)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">75,037</TD>
<TD NOWRAP VALIGN="bottom">(3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">181,336</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">(1)</TD>
<TD ALIGN="left" VALIGN="top">This column represents the aggregate grant date fair value of restricted stock granted to the directors in 2016, computed in accordance with FASB ASC Topic 718. For further information on how we account for stock-based
compensation, please see Notes 1 and 14 to the consolidated financial statements included in EPAM&#146;s 2016 Annual Report. </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">(2)</TD>
<TD ALIGN="left" VALIGN="top">This represents a fee of $7,500 paid to Dr.&nbsp;Kuerpick for his service as a member of the Compensation Committee and $50,000 paid as an annual retainer for his service on the Board. </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">(3)</TD>
<TD ALIGN="left" VALIGN="top">This represents an annual Board service grant of 985 shares of restricted stock to each of Messrs. Kuerpick, Mayoras, Robb, Segert and Vargo on June&nbsp;7, 2016 that fully vests on June&nbsp;7, 2017 (or, upon
termination of service from the Board at any time, a portion of restricted shares will vest as of the date of such termination on a pro rata basis). </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">(4)</TD>
<TD ALIGN="left" VALIGN="top">This represents a fee of $15,000 paid to Mr.&nbsp;Mayoras for his service as a chairman of the Compensation Committee; $10,000 paid for his service as a member of the Audit Committee; $6,000 paid for his service as a
member of the Nominating and Corporate Governance Committee; and $50,000 paid as an annual retainer for his service on the Board. </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">(5)</TD>
<TD ALIGN="left" VALIGN="top">This represents $50,000 paid to Mr.&nbsp;Robb as an annual retainer for his service on the Board. </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">(6)</TD>
<TD ALIGN="left" VALIGN="top">Payment for consulting services performed by Mr.&nbsp;Robb pursuant to an independent contractor agreement with the Company. </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">(7)</TD>
<TD ALIGN="left" VALIGN="top">This represents a fee of $10,000 paid for Mr.&nbsp;Segert&#146;s service as chairman of the Nominating and Corporate Governance Committee; $10,000 paid for his service as a member of the Audit Committee; $7,500 paid for
his service as a member of the Compensation Committee; and $50,000 paid as an annual retainer for his service on the Board. </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">(8)</TD>
<TD ALIGN="left" VALIGN="top">This represents a fee of $2,221 paid to Ms.&nbsp;Smart for her service as a member of the Compensation Committee and $24,049 paid as an annual retainer for her service on the Board, each of which payments was prorated
according to the number of days that Ms.&nbsp;Smart served on the Compensation Committee and the Board, respectively, in 2016. Ms.&nbsp;Smart commenced service as a director on July&nbsp;8, 2016. </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">(9)</TD>
<TD ALIGN="left" VALIGN="top">This represents an initial grant of 1,585 shares of restricted stock for Board service to Ms.&nbsp;Smart on July&nbsp;8, 2016 that vests 25% on each of July&nbsp;8, 2017, 2018, 2019 and 2020 (or, upon termination of
service from the Board at any time, a portion of the restricted shares will vest as of the date of such termination on a pro rata basis). </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">(10)</TD>
<TD ALIGN="left" VALIGN="top">This represents a fee of $20,000 paid for Mr.&nbsp;Vargo&#146;s service as chairman of the Audit Committee; $5,299 paid for his service as a member of the Compensation Committee (prorated for number of days in which he
served on the Compensation Committee in 2016); $6,000 paid for his service as a member of the Nominating and Corporate Governance Committee; $25,000 paid for his service as Lead Independent Director; and $50,000 paid as an annual retainer for his
service on the Board. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">During 2016, <FONT STYLE="white-space:nowrap">non-employee</FONT> directors were compensated under
the EPAM Systems, Inc. <FONT STYLE="white-space:nowrap">Non-Employee</FONT> Directors Compensation Plan under which each of our directors who is not an employee of EPAM or any of our subsidiaries is eligible to receive an annual cash retainer (which
the director may elect to receive in shares), committee and meeting fees, as well as an initial award of restricted stock upon joining the board, and annual grants of restricted stock. Directors who are employees of EPAM or any of our subsidiaries
receive no compensation for serving as directors. </P> <P STYLE="margin-top:0pt;margin-bottom:0pt;page-break-before:always"></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In April
2017, the Board adopted changes to its director compensation program to replace the grants of restricted shares with grants of restricted stock units, in the same dollar amounts. The Board also approved the EPAM Systems, Inc. <FONT
STYLE="white-space:nowrap">Non-Employee</FONT> Directors Deferral Plan (the &#147;Deferral Plan&#148;), which permits directors to defer </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:Times New Roman" ALIGN="center">22 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
receipt of shares of our common stock delivered upon conversion of restricted stock units until the July 15th immediately following their retirement from the Board, or in one to five annual
installments following retirement from the Board. The Deferral Plan will permit the deferral of restricted stock units granted during or after 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Unless the Board resolves otherwise or unless otherwise agreed to between EPAM and the Board, each
<FONT STYLE="white-space:nowrap">non-employee</FONT> director receives an annual retainer, with additional amounts paid to <FONT STYLE="white-space:nowrap">non-employee</FONT> directors who attend (in person or telephonically, with different amounts
applicable to each) more than 10 meetings of the Board, or more than 10 meetings of the same Committee on which such <FONT STYLE="white-space:nowrap">non-employee</FONT> director serves in any calendar year. In addition, the Lead Independent
Director, and the chairman and members of each committee of the Board of Directors each receives an additional fee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In 2016, Compensation
Committee reviewed the compensation components and levels for <FONT STYLE="white-space:nowrap">non-employee</FONT> directors, taking into account the director compensation practices of industry and other peer companies among other factors. Based on
this review, and to bring overall <FONT STYLE="white-space:nowrap">non-employee</FONT> director compensation to a level that is closer with its peers (but still below peer average), the Compensation Committee recommended that the Board adopt, and
the Board approved, increases to the annual cash retainer for Board service from $50,000 to $55,000 and the fair market value of the annual equity grant from $75,000 to $110,000, effective January&nbsp;1, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The annual retainer and fee amounts for <FONT STYLE="white-space:nowrap">non-employee</FONT> directors, our Lead Independent Director,
committee members and committee chairs are as set forth below for 2016 and effective as of January&nbsp;1, 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;January&nbsp;1,&nbsp;2017</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Annual Retainer</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">55,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Additional amounts for attending &gt;10 meetings</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">$</P></TD>
<TD VALIGN="bottom" ALIGN="right">2,000&nbsp;(in&nbsp;person)<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">1,000&nbsp;(telephonic)</P></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">$</P></TD>
<TD VALIGN="bottom" ALIGN="right">2,000&nbsp;(in&nbsp;person)<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">1,000&nbsp;(telephonic)</P></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Lead Independent Director &#150; additional retainer</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">25,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">25,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Chair:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Audit Committee</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Compensation Committee</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Nominating and Corporate Governance Committee</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Committee Members (other than Chair):</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Audit Committee</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Compensation Committee</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Nominating and Corporate Governance Committee</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Dollar value of initial equity grant (vesting in equal amounts over four years)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$<BR>&nbsp;<BR></TD>
<TD VALIGN="top" ALIGN="right">100,000&nbsp;vesting<BR>in equal amounts<BR>over four years</TD>
<TD NOWRAP VALIGN="top">&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$<BR>&nbsp;<BR></TD>
<TD VALIGN="top" ALIGN="right">100,000&nbsp;vesting<BR>in equal amounts<BR>over four years</TD>
<TD NOWRAP VALIGN="top">&nbsp;<BR>&nbsp;<BR>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Dollar value of annual equity grant (vesting on the first anniversary of grant)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">75,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">110,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <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:Times New Roman" ALIGN="center">23 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Committee Interlocks and Insider Participation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee&#146;s members are Peter Kuerpick, Richard Michael Mayoras, Robert E. Segert and Jill B. Smart. Ronald P. Vargo
served on the Compensation Committee until September 2016. No member of the Compensation Committee who served during 2016 is or was an employee during 2016, or is or ever has been an officer of our Company. None of our executive officers has served
during 2016 on the board of directors of another public company with executive officers who serve as members of our Board. No member of the Compensation Committee who served during 2016 had any relationship requiring disclosure by us under Item 404
of Regulation <FONT STYLE="white-space:nowrap">S-K,</FONT> except for Dr.&nbsp;Kuerpick (see &#147;Certain Relationships and Related Transactions and Director Independence&#148;). The Nominating and Corporate Governance Committee determined that the
transaction between EPAM and Unify did not impair Dr.&nbsp;Kuerpick&#146;s status as a Compensation Committee member under the NYSE rules relating to independence. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Committee Report </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>This
report shall not be deemed incorporated by reference by any general statement incorporating by reference this Proxy Statement into any filing under the Securities Act or under the Exchange Act, except to the extent we specifically incorporate this
report by reference, and shall not otherwise be deemed filed under such Acts. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee has reviewed and discussed
the Compensation Discussion and Analysis set forth below with our management and the Compensation Committee&#146;s independent consultant. Based on its review and discussions, the Compensation Committee recommended to our Board of Directors that the
Compensation Discussion and Analysis be included in this Proxy Statement and incorporated by reference into our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2016. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">The Compensation Committee</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Richard Michael Mayoras, Chair</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Peter Kuerpick</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Robert E. Segert</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jill B. Smart</TD></TR>
</TABLE></DIV>
 <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:Times New Roman" ALIGN="center">24 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXECUTIVE COMPENSATIO<A NAME="toc368828_10"></A>N </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Discussion and Analysis </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Overview
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This compensation discussion and analysis provides an overview of our executive compensation philosophy and the material elements of
compensation earned by our named executive officers with respect to the year ended December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">EPAM relies on a talented
leadership team to support EPAM&#146;s objectives for sustainable growth, client service, and long-term stockholder value creation. Our executive compensation program is designed to motivate and reward our executive team by awarding compensation
that emphasizes performance, while remaining flexible and responsive to changing business conditions. As EPAM continues to grow and mature, we will continue to annually review and periodically refine our executive compensation program to achieve our
objectives. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>2016 Corporate Performance Highlights </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2016 represented another strong year for EPAM, moving us forward in several strategic and operational areas. </P>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Revenue increased to $1.16&nbsp;billion, a year-over-year increase of $246.0&nbsp;million, or 26.9%. </TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Non-GAAP</FONT> income from operations was $191.8&nbsp;million, an increase of $33.1&nbsp;million, or 20.9% compared to $158.7&nbsp;million in 2015. </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our diluted EPS on a GAAP basis for 2016 increased to $1.87 from $1.62 in 2015, and <FONT STYLE="white-space:nowrap">non-GAAP</FONT> diluted EPS rose to $2.90 from $2.47 in 2015. </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">EPAM&#146;s stock price closed the year at $64.31, up more than 535% from our initial public offering price of $12.00 per share in February 2012. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">See Appendix A to this Proxy Statement for a reconciliation of the <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures that
appear in the bullets above to the most directly comparable GAAP financial measures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>2016 Executive Compensation Highlights </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Consistent with our strong performance and our philosophy for performance-based compensation, highlights in our compensation for named
executive officers in 2016 included the following: </P> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">2016 total compensation for our named executive officers grew 0.4% as a group and on average from 2015, respectively (excluding Mr.&nbsp;Shnayder, who became a full time employee of EPAM in July 2015), reflecting our
conservative approach to compensation generally. </TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">2016 base salary for our named executive officers, both as a group and on average, increased 8% over 2015, balancing EPAM&#146;s goal of managing fixed pay while retaining highly qualified leadership by providing a
competitive level of base pay. </TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Executive bonuses for 2016 were, on average, 53% of base salary for our named executive officers, compared to 98% for 2015, continuing our focus on paying for performance as we achieved revenue growth amid a more
challenging profitability environment than in prior years. </TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In determining cash bonuses for our named executive officers, the Compensation Committee used structured guidelines, as it did in 2015, with corporate performance weighted more heavily than individual performance.
</TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">2016 annual equity grants to our named executive officers were value-based and comprised of equally valued (at grant date) stock option and restricted stock unit awards, balancing retention and compensation incentives
with reduced dilutive effect for our stockholders. </TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">25 </P>


<p Style='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>


<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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">There were no increases to executive benefits to our named executive officers, who largely participate in the same broad-based programs provided to other employees, and we provided no perquisites to named executive
officers. </TD></TR></TABLE> <P STYLE="font-size:6pt;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="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Overall, the total compensation packages for our named executive officers continue to be significantly performance-based in the forms of bonuses heavily reflective of company performance and equity-based compensation
tied to the performance of EPAM common stock. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our executive compensation program reflects many best practices. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="46%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"><B><U>What</U><U> </U><U>We</U><U> </U><U>Do</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"><B><U>What</U><U> </U><U>We</U><U> </U><U>Don&#146;t</U><U> </U><U>Do</U></B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Align our executive pay with performance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No contracts with multi-year guaranteed salary increases or bonus arrangements</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Appropriately balance short- and long-term incentives</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No excise tax <FONT STYLE="white-space:nowrap">gross-ups</FONT> upon a change of control</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Provide for &#147;double trigger&#148; change of control vesting for all equity grants under our 2015 Long Term Incentive Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No &#147;single trigger&#148; change of control vesting for equity awards</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Award equity grants which vest over a four-year term</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No &#147;golden parachutes&#148; or change of control payments</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Hold an annual &#147;say on pay&#148; advisory vote</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No supplemental executive retirement plan or supplemental pension benefits</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Implement meaningful stock ownership guidelines for executives, members of senior management and directors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No repricing of equity awards without stockholder approval</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Maintain a clawback policy that covers all performance-based compensation made to executive officers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Hedging, pledging, and speculative transactions in our securities by our executive officers, employees and directors are prohibited by our policies</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#10003;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Retain and utilize an independent compensation consultant to advise the Compensation Committee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our stock ownership guidelines apply to executive officers, directors, and certain other key EPAM personnel.
Our Chief Executive Officer is required to own shares of EPAM Common Stock with a value equal to 10 times his base salary, and Mr.&nbsp;Dobkin complies with this guideline, as evidenced by his beneficial ownership of over 5% of EPAM&#146;s Common
Stock as set forth under &#147;Security Ownership of Certain Beneficial Owners and Management.&#148; Other executive officers of EPAM (including our named executive officers), our directors, and other key EPAM personnel each must own shares of our
Common Stock with a value equal to two times his or her base salary, four times his or her annual retainer, and one and a half times his or her base salary, respectively. These individuals are required to satisfy the stock ownership guidelines
within five years from the date he or she becomes subject to the guidelines. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our clawback policy, administered by the Compensation
Committee, provides that all performance-based compensation made to executive officers may be subject to recoupment, or &#147;clawback,&#148; if the Compensation Committee determines that intentional misconduct or gross negligence of an executive
officer was a material contributing factor to EPAM being required to undertake a material restatement of its financial statements filed with the SEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">EPAM&#146;s relationship with our stockholders is critical to our success. We endeavor to ensure that management and our Board hear,
understand and respond to issues of importance to our stockholders, including </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:Times New Roman" ALIGN="center">26 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
executive compensation matters. We hold an advisory vote on executive compensation annually, as required by Section 14A of the Exchange Act and Rule <FONT STYLE="white-space:nowrap">14a-20</FONT>
thereunder, so at this Annual Meeting, we are asking stockholders to make an advisory vote to approve executive compensation. While the advisory vote on executive compensation is <FONT STYLE="white-space:nowrap">non-binding,</FONT> the Board and the
Compensation Committee will carefully assess the voting results and may consult with our stockholders to better understand any issues or concerns raised through the advisory vote. See &#147;Proposal 3: Advisory Vote to Approve Executive
Compensation.&#148; At our 2016 annual meeting of stockholders, approximately 94% of votes cast by our stockholders were in favor of approving the 2015 compensation of our named executive officers. Following the 2016 annual meeting of stockholders,
the Compensation Committee reviewed the results of the advisory vote of stockholders approving executive compensation. The Compensation Committee continues to refine and adjust the overall executive compensation program to ensure continued alignment
with stockholder interests, including pay for performance and delivering long-term value and sustained growth. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Our Named Executive
Officers </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our named executive officers consist of our principal executive officer, our principal financial officer and our three other
most highly compensated executive officers as of December&nbsp;31, 2016. For 2016, our named executive officers and their positions during that period were: </P> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Arkadiy Dobkin, President and Chief Executive Officer (our &#147;CEO&#148;) </TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Anthony Conte, Senior Vice President, Chief Financial Officer (our &#147;CFO&#148;) and Treasurer </TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Balazs Fejes, Senior Vice President and <FONT STYLE="white-space:nowrap">Co-Head</FONT> of Global Business </TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Boris Shnayder, Senior Vice President and <FONT STYLE="white-space:nowrap">Co-Head</FONT> of Global Business </TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Elaina Shekhter, Chief Marketing Officer </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As described below, on November&nbsp;2, 2016,
Anthony Conte indicated that he intends to resign as the Company&#146;s Senior Vice President, Chief Financial Officer and Treasurer, effective in the third quarter of 2017, or on an earlier date determined by the Board, following the appointment of
his successor. On March&nbsp;29, 2017, EPAM announced Jason Peterson was joining the Company, effective on or about April&nbsp;5, 2017, to replace Mr.&nbsp;Conte. As part of an orderly transition, Mr.&nbsp;Peterson will succeed Mr.&nbsp;Conte as the
Company&#146;s Chief Financial Officer immediately after the filing of the Company&#146;s Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the period ending March&nbsp;31, 2017. In the interim period beginning April&nbsp;5,
2017 until he assumes the Chief Financial Officer role, Mr.&nbsp;Peterson is serving as Senior Director &#150; Finance. Mr.&nbsp;Peterson will also succeed Mr.&nbsp;Conte as the Company&#146;s designated principal financial officer for SEC reporting
purposes. Mr.&nbsp;Conte will remain in an advisory role until on or about August&nbsp;10, 2017, and will work closely with Mr.&nbsp;Peterson during this time. See &#147;<I>Other</I> <I>Employment</I> <I>Arrangements</I>&#148; below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Philosophy and Objectives </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We believe that the value we deliver to our customers, and ultimately to our stockholders, depends in large part upon the quality and
capability of our people. We seek to attract, motivate, develop and retain quality executives who will increase long-term stockholder value. Our philosophy is to provide total compensation to each of our named executive officers that is commensurate
with his or her position and experience, largely in the form of annual cash incentives and long-term equity incentives aligned with the interests of our stockholders. We expect each of our executives to balance the risks and related opportunities in
the performance of his or her duties, while adhering to EPAM&#146;s high standards of doing business. We reward exceptional performance and demonstrated commitment to EPAM. We believe that the senior leadership provided by our named executive
officers is paramount to EPAM successfully achieving its strategic plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We use a mix of short-term compensation, in the form of base
salaries and cash bonuses, and long-term compensation, in the form of equity awards, as the total compensation structure to meet these objectives. Our named executive officers may also participate in retirement and/or health benefits available to
employees generally. This compensation program serves to complement the strong alignment our named executive officers have with our stockholders because of the equity interests our named executive officers have in EPAM, and our stock ownership
guidelines strengthen this alignment. </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:Times New Roman" ALIGN="center">27 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each of the components of our compensation program has its own objective and alignment with
stockholder value creation, as set forth 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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="29%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP><B><U>Component</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B><U>Objective</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><B><U>Alignment</U><U> </U><U>with</U><U> </U><U>Stockholder</U><U> </U><U>Value</U><U> </U><U>Creation</U></B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><B>Short-Term Compensation</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Base Salary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Provide a base amount of fixed compensation to attract and retain highly qualified executive leadership</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Reflects individual seniority, skills, prior experience, scope of responsibility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Salary levels and year-over-year increases set at appropriate, but generally conservative, levels to manage fixed pay</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Cash Bonus</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Reward executives for a combination of strong Company and individual performance and contributions to Company success</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Potential bonus pool determined for all eligible employees, including named executive officers, with rewards linked to a combination of Company operational and financial results as well as individual performance and
collaboration</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><B>Long-Term Compensation</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Equity Awards (for 2016, the equity awards granted to our named executive officers consisted of 50% stock options and 50% restricted stock units, based on grant date fair value of the awards)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Provide multiple equity vehicles to reward stock price appreciation and serve as a retention tool for highly qualified executive
leadership</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Reward executives for long-term success</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Ultimate value of equity awards based on sustained, long-term EPAM stock performance</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><B>Other Components</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Benefits and Perquisites</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Lack of perquisites for executives promotes EPAM&#146;s egalitarian approach and culture</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Perquisites generally not provided</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Broad-based, <FONT STYLE="white-space:nowrap">non-discriminatory</FONT> benefit plans available to executives as well as employees</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Post-employment Compensation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Lack of pension plans, retiree benefits and other post-employment benefits keeps fixed compensation costs conservative</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No severance program or employment agreements, except in limited circumstances as described in &#147;<I>Other</I> <I>Employment</I>
<I>Arrangements</I>&#148; below</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Double-trigger change of control requirements for
acceleration of unvested equity awards (with no acceleration of unvested RSUs awarded prior to 2015)</P></TD></TR>
</TABLE>
 <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:Times New Roman" ALIGN="center">28 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2016 Compensation Components </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The graphics below show the components of our CEO&#146;s and other named executive officers&#146; compensation relative to each other. As
these charts demonstrate, a substantial amount of our CEO&#146;s and other named executive officers&#146; overall compensation for 2016 has value linked to the long-term stock performance of EPAM. This underscores our dedication to ensuring our
executives&#146; interests align with those of our stockholders. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368828g11o89.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation-Setting Process </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Role of the Board and Compensation Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee of the Board is responsible for developing, implementing and administering our compensation policies, including
salaries, bonuses and equity incentive compensation. In considering and making executive compensation decisions, the Compensation Committee retains the services of an independent executive compensation consultant, Pay Governance. The Compensation
Committee consists entirely of independent directors pursuant to applicable NYSE rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee operates under a
written charter adopted by the Compensation Committee and approved by the Board. The authority of the Compensation Committee pursuant to the terms of its charter is described in &#147;Corporate Governance &#151;Committees of the
Board&#151;Compensation Committee.&#148; Pursuant to its charter, the Compensation Committee may delegate authority when it deems appropriate and in the best interests of EPAM, including the authority to grant stock rights or options to any person
other than an &#147;officer&#148; within the meaning of Section&nbsp;16 of the Exchange Act under EPAM&#146;s incentive compensation or other equity-based plans. Based on this authority, the Compensation Committee has delegated to our CEO the
authority to make equity grants to employees other than our Section&nbsp;16 &#147;officers&#148; and certain key senior management personnel from a preauthorized pool of shares for such grants. To comply with Rule
<FONT STYLE="white-space:nowrap">16b-3</FONT> under the Exchange Act, the full Board or a committee of our directors who qualify as <FONT STYLE="white-space:nowrap">&#147;non-employee</FONT> directors&#148; pursuant to Rule <FONT
STYLE="white-space:nowrap">16b-3</FONT> approves equity incentive compensation for our named executive officers on the recommendation of the Compensation Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee uses its judgment as well as the recommendations of our CEO (except as to himself) and the advice and analyses
provided by the compensation consultant engaged by the Compensation Committee to determine the appropriate amount and mix of compensation for each named executive officer. There is no <FONT STYLE="white-space:nowrap">pre-established</FONT> formula
to determine the total compensation or any specific compensation component for any named executive officer. For equity-based incentive compensation, the timing, amount and form of awards under our equity-based plans are made at the discretion of the
Board based on recommendations of our CEO (except as to himself). Beginning in 2015, the Board and Compensation Committee changed its award methodology to award equity grants based on grant date fair value, rather than the number of shares
underlying awards. This approach has a less dilutive effect on our stockholders and ensures that compensation levels remain appropriate. </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:Times New Roman" ALIGN="center">29 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Role of Management </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In his role as CEO, Mr.&nbsp;Dobkin provides substantial input in determining compensation paid to our named executive officers (other than for
himself). The Compensation Committee meets periodically with Mr.&nbsp;Dobkin, and beginning in October 2016, Larry Solomon, our Senior Vice President and Chief People Officer, to address executive compensation matters, including the rationale for
our compensation programs and the effectiveness of the programs in achieving our compensation objectives. Annually, as part of our normal process, Mr.&nbsp;Dobkin reviews with the Compensation Committee the performance of the named executive
officers (other than himself) and recommends to the Compensation Committee changes in base salary, cash bonuses and equity awards, including proposals on the overall value and mix of stock options and restricted stock units, for each other named
executive officer. Based on this process, the Compensation Committee determines the base salary and cash bonus, and recommends to the full Board any equity grants for named executive officers other than the CEO. For Mr.&nbsp;Dobkin, the Compensation
Committee evaluates his performance and, based on this evaluation, determines his base salary and bonus and recommends his equity compensation to the Board. Mr.&nbsp;Dobkin is not present at the portion of such meetings where the Compensation
Committee or the Board reviews his compensation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Role of the Compensation Consultant </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee engaged Pay Governance LLC (&#147;Pay Governance&#148;) in December 2012 and continued to use its services as
independent compensation consultant during 2016. At the Compensation Committee&#146;s request, Pay Governance prepared analyses and reports on market pay for named executive officers, a competitive study on director compensation, share usage
analyses, and information on trends and policies relating to compensation. In addition, Pay Governance provided advice on the Compensation Discussion and Analysis included in this Proxy Statement. Pay Governance attends meetings as appropriate at
the invitation of the Compensation Committee, and meets with our management from time to time to collect compensation data and information about the business. To ensure the independence of Pay Governance, the Compensation Committee annually reviews
its work and relationship. During 2016, Pay Governance did not perform any other services for EPAM or any of its affiliates and the Compensation Committee concluded that there was no conflict of interest within the meaning of Section <FONT
STYLE="white-space:nowrap">10C-1</FONT> of the Exchange Act affecting Pay Governance&#146;s independence. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Factors Considered in
Determining Compensation&nbsp;&nbsp;&nbsp;&nbsp; </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee reviews executive compensation levels for the named
executive officers annually to ensure that they remain competitive, on the whole, within our industry. The overall value of the compensation package for a named executive officer is determined by the Compensation Committee in consultation with the
CEO (except as to himself). The Compensation Committee and the CEO (except as to himself) consider the overall performance of EPAM, as well as subjective factors including the individual performance of each named executive officer and the named
executive officer&#146;s contributions to EPAM achievements. The Compensation Committee also considers information provided by Pay Governance in making its compensation decisions. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:40pt; font-size:10pt; font-family:Times New Roman">In 2013, we developed a compensation peer group to help understand pay levels, pay design and
policies for similarly sized publicly traded companies. Since there are relatively few direct competitors of similar size to us, we instead developed a peer group comprised of technology companies of similar revenue and market cap size to EPAM,
which generally have had strong historical revenue growth rates (see box to the right). This list is subject to change each year depending on the availability of the companies&#146; data and the continued appropriateness of the companies in terms of
revenue and market cap size relative to EPAM and other factors. The Compensation Committee reviews the criteria, adjusts, if appropriate, and confirms the companies included in the peer group annually.
</P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Our Industry Peer Companies </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Acxiom Corporation. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Akamai
Technologies, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Blackbaud, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Fortinet, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Mentor Graphics
Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Microstrategy Incorporated </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Netsuite, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Pegasystems, Inc.
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Perficient, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Solera
Holdings, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SS&amp;C Technologies Holdings, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Syntel, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Verint Systems, Inc.
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Virtusa Corporation
</P></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> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee and management use peer group information to better understand the
external marketplace; however, industry peer information is not the only factor used to determine executive pay levels. The Compensation Committee and our management consider multiple factors including experience, contribution and past compensation
in addition to the peer group information. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Elements of Compensation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The fundamental elements of our compensation program are fixed compensation, variable compensation, long-term equity incentives, and other
broad-based benefits. Although we expect these to remain the elements of our compensation program going forward, the relative weighting of each element and specific plan and award designs may evolve. We have selected these elements as the principal
components of our executive compensation program because we have found them to be effective in recruiting, retaining and motivating our named executive officers within the context of our business and operating environment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each named executive officer&#146;s compensation package is individually tailored and is intended to encourage executive performance that
supports our organizational strategy. When setting the amount of compensation to be awarded to our named executive officers (other than our CEO) in a given year, the Compensation Committee considers the recommendations of our CEO, as well as the
relative proportion of total compensation delivered on a current and long-term basis and in the form of cash and equity prior to making changes to compensation levels (or, in respect of equity compensation, recommending changes and awards to the
Board for approval). The Compensation Committee follows this same process with respect to our CEO&#146;s overall compensation package, except for the consideration of our CEO&#146;s recommendations. Consistent with prior years, our focus in 2016, as
a growth-oriented company, was on Company and individual performance rather than measurement against <FONT STYLE="white-space:nowrap">pre-determined</FONT> performance metrics for all of our named executive officers. The Compensation Committee and
the Board continue to evaluate the compensation components, the mix of long- and short-term compensation, and decision-making processes for performance bonuses and equity awards to ensure we are incentivizing our leadership and rewarding performance
and creation of stockholder value. The Compensation Committee and the Board may make changes to our compensation setting processes or the criteria for our named executive officers to receive certain elements of compensation in 2017 or future years.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Fixed Compensation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Fixed compensation, in the form of base salary (or, in a limited instance, fixed consulting fees), is used to attract and retain our named
executive officers. Base salary and incremental changes to base salary are determined using comparisons with industry peers and other relevant factors including the seniority of the executive, the functional role of the position, the
executive&#146;s unique skills and prior experience, the executive&#146;s responsibility level, and other subjective performance criteria for each executive. In addition to these factors, the Compensation Committee also considered the findings of
Pay Governance in making its base salary determinations for fiscal year 2016. Salaries for named executive officers other than the CEO are recommended by the CEO and approved by the Compensation Committee annually as part of normal procedures. The
Compensation Committee determines the fixed compensation of our CEO. Changes to fixed compensation, if any, result primarily from individual performance and/or Company achievements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Variable Compensation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Variable compensation, in the form of cash bonuses, is intended to be a meaningful component of our named executive officers&#146; total
compensation package. The amount of variable compensation to be awarded to our named executive officers, if any, is determined by the Compensation Committee. With respect to our named executive officers other than our CEO, the Compensation Committee
takes the recommendations of our CEO and the performance of the Company into account in determining the amount of variable compensation awards. The Compensation Committee determines the amount of any annual bonus for our CEO. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We have an annual bonus pool that we use to provide cash incentive compensation to our employees generally (including our named executive
officers). The Board of Directors and management determine the total amount of incentive compensation available in this bonus pool, taking into account our financial and operational performance for the year. </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:Times New Roman" ALIGN="center">31 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">For 2016 bonuses, our Compensation Committee used guiding principles to determine the annual
bonuses for our senior management team, including our named executive officers, with greater weight applied to Company performance relative to individual contributions to Company results. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our Compensation Committee established a target bonus for 2016 for each of our named executive officers. The Compensation Committee determined
the overall funding of the 2016 bonus pool, the Company&#146;s 2016 revenue and <FONT STYLE="white-space:nowrap">non-GAAP</FONT> income from operations results in light of an aggressive internal strategic plan. After establishing the bonus pool, the
Compensation Committee considered both corporate performance and individual performance for each of our named executive officers and applied its discretion in determining the ultimate bonus payments. Each named executive officer&#146;s target bonus
(both in dollar value and as a percentage of annualized base salary), and actual 2016 bonus payment is set forth in the table below. The Committee&#146;s determination to pay bonuses at less than the targeted amount primarily resulted from the more
challenging profitability environment we faced, which led to a smaller overall bonus pool for distribution. See Appendix A to this Proxy Statement for a reconciliation of the <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures that
appear above under &#147;2016 Corporate Performance Highlights&#148; to the most directly comparable GAAP financial measures. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016 Target Bonus</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016 Bonus (actual)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;of&nbsp;base&nbsp;salary</B><br><B>(annualized)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;of&nbsp;base&nbsp;salary</B><br><B>(annualized)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">562,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">222,833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Anthony Conte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">300,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">166,988</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">350,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">176,138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Boris Shnayder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">125,813</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">139,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Long Term Equity Incentives </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In June 2015, our stockholders approved our 2015 Long Term Incentive Plan (the &#147;2015 Plan&#148;), which permits us to grant stock options,
restricted stock, restricted stock units and other types of equity awards to EPAM personnel, including our named executive officers, as the Compensation Committee (or for grants to our named executive officers, the Board) deems appropriate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Compensation Committee or the Board, as applicable, generally awards long-term equity incentives to our named executive officers annually
based on Company performance and a subjective consideration of individual performance. These equity awards generally occur in the first quarter of each year and vest in equal annual installments over a four-year period commencing on the grant date.
In addition to annual grants of equity-based awards, awards under the 2015 Plan may be made in connection with the start of employment, or to reward an extraordinary contribution to EPAM&#146;s success at another
<FONT STYLE="white-space:nowrap">&#147;off-cycle&#148;</FONT> time. In accordance with its charter, the Compensation Committee has delegated authority to our CEO to make equity grants to employees, other than to our &#147;officers&#148; within the
meaning of Section&nbsp;16 of the Exchange Act and certain other key senior management personnel, up to a <FONT STYLE="white-space:nowrap">pre-authorized</FONT> number of shares and subject to other limitations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In 2016, incentive awards to our named executive officers consisted of 50% stock options and 50% restricted stock units, based on grant date
fair value of the awards. The Compensation Committee determined that a combination of equity award types, including both restricted stock units and stock options, aligns with EPAM&#146;s philosophy to retain and incentivize our named executive
officers, while also reducing overall dilution to stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The primary purpose of these long-term equity-based awards is to provide
our named executive officers with a personal financial interest in EPAM&#146;s success through stock ownership, thus aligning our named executive officers&#146; interests with that of our stockholders, and to enhance their long-term commitment to
EPAM. Our long-term equity incentive program is designed to provide awards that are highly aligned with stockholder return over </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:Times New Roman" ALIGN="center">32 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
time and incentivize the named executive officer to continue his or her employment with EPAM. Both our stock option awards and our awards of restricted stock units typically require vesting
periods to be completed before options may be exercised or restricted stock units vest. Because the exercise price of an option and the restricted stock unit value is set at fair market value at the time of grant, the value of stock options and
ownership of our Common Stock increases when the market value of our Common Stock increases. Through the service-based vesting and forfeiture provisions that we include in these equity-based awards, we believe that we provide an additional incentive
to our leadership to act in furtherance of our long-term success and our stockholders&#146; interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In 2016, each of our named
executive officers received a grant of stock options and a grant of restricted stock units, each of which vest over a four-year period in equal annual tranches. The value of the stock options and restricted stock units granted to each named
executive officer was determined by the Board or the Compensation Committee. In making its determinations, the Board or the Compensation Committee considered the recommendations of our CEO for all named executive officers other than himself. The
amounts of each award were similar to prior years, with adjustments to reflect corporate and individual performance. Mr.&nbsp;Dobkin&#146;s equity compensation awards in 2016 were intended to maintain our CEO&#146;s overall compensation at a level
that better reflects his sustained individual performance and experience and continued to alleviate to some degree internal compensation compression. In addition, the equity award reinforces the alignment of our CEO&#146;s interests with those of
our stockholders. Our CEO has a significant ownership stake in EPAM, but the Board determined that Mr.&nbsp;Dobkin&#146;s demonstrated commitment to delivering stockholder value is strengthened by linking a portion of his overall compensation to the
performance of EPAM&#146;s stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><I>Other Broad-based Employee Benefits </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We provide retirement, health and other broad-based benefits as another component of our overall compensation scheme. We have established a
401(k) retirement plan, which is a <FONT STYLE="white-space:nowrap">tax-qualified</FONT> self-funded retirement plan, in which our U.S. employees, including our U.S.-based named executive officers, may participate. Under this plan, employees may
elect to defer their current compensation up to the statutory limit. We provide discretionary matching contributions to the plan up to a maximum of 2% of the employee&#146;s eligible compensation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We currently make available to our U.S. employees, including our U.S.-based named executive officers, group health insurance (including
medical, dental and vision), long- and short-term disability, group life, AD&amp;D and paid time off. Mr.&nbsp;Fejes receives statutory benefits required by Swiss law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We do not maintain any defined benefit pension plans or any nonqualified deferred compensation plans. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We do not provide any perquisites to our named executive officers because we believe that our compensation objectives are better achieved
through the compensation elements described above. However, the use of perquisites may be reevaluated in the future as necessary to ensure that we can attract and retain qualified executives. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Employment Arrangements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On
November&nbsp;2, 2016, Anthony Conte indicated that he intends to resign as the Company&#146;s Senior Vice President, Chief Financial Officer and Treasurer, and as part of facilitating a smooth transition, we have entered into a transition agreement
with Mr.&nbsp;Conte, which provides for the following terms. Mr.&nbsp;Conte will continue to serve as CFO until August&nbsp;10, 2017, or an earlier date the Board selects upon identifying successor, and Mr.&nbsp;Conte will train his successor. We
will continue to provide Mr.&nbsp;Conte his base salary and continued health benefits, each at its current level, until August&nbsp;10, 2017, unless he voluntarily terminates his employment. Mr.&nbsp;Conte received his 2016 annual bonus on the same
terms as other executives, and if Mr.&nbsp;Conte remains employed through August&nbsp;10, 2017, we will pay him a bonus for the 2017 partial year of $125,000. In the event Mr.&nbsp;Conte voluntarily terminates his employment prior to August&nbsp;10,
2017, he will receive a <FONT STYLE="white-space:nowrap">pro-rated</FONT> bonus for 2017. Mr.&nbsp;Conte has not and will not receive equity grants in 2017.&nbsp;Upon his departure on August&nbsp;10, 2017, Mr.&nbsp;Conte&#146;s outstanding, unvested
options that would have vested prior to March&nbsp;31, 2018, will vest and his outstanding restricted stock units that would have settled prior to March&nbsp;31, 2018, will settle. If Mr.&nbsp;Conte&#146;s employment terminates due to his death or
disability, he will receive all of the benefits described above as if he had remained employed until August&nbsp;10, 2017. In order to receive the benefits described above, Mr.&nbsp;Conte will execute a standard release of claims and his transition
agreement provides for restrictive covenants, including a covenant not to compete with EPAM for one year after his termination. </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:Times New Roman" ALIGN="center">33 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In connection with Mr.&nbsp;Peterson&#146;s appointment as Chief Financial Officer, on
March&nbsp;16, 2017, the Company entered into an offer letter agreement with Mr.&nbsp;Peterson with the following terms. Mr.&nbsp;Peterson will be paid an annual base salary of $350,000 and will have an annual target bonus of $200,000.
Mr.&nbsp;Peterson will receive an initial equity grant of evenly split restricted stock units and stock options equal to $1,3000,000 of value, of which $600,000 of value will be a sign on equity grant and $700,000 of value will be
Mr.&nbsp;Peterson&#146;s annual grant for 2017. Starting in 2018, Mr.&nbsp;Peterson will have an annual opportunity to receive an equity grant, under the terms of the 2015 Plan, with a target value of equity awards equal to $700,000. Provided that
he executes a standard release of claims and one year <FONT STYLE="white-space:nowrap">non-compete</FONT> agreement, in the event of a termination of his employment without Cause or for Good Reason (each, as defined in the form of restricted stock
unit award agreement currently filed with the SEC) between his start date and the two year anniversary of his start date, Mr.&nbsp;Peterson will receive severance equal to 12 months base salary and accelerated vesting of 50% of his then outstanding
equity. Mr.&nbsp;Peterson will be eligible to participate in other compensation plans or arrangements available to our U.S.-based employees. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Risk Assessment </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Our
management team has reviewed our compensation policies and practices for all of our employees with the Compensation Committee and our Board. The Board has determined, based on this review, that our compensation policies and practices are not
reasonably likely to have a material adverse effect on our Company. The Compensation Committee determined and our Board concurred that for all employees, including our named executive officers, our compensation programs do not encourage excessive
risk taking and instead encourage behaviors that support sustainable value creation for our stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tax Deductibility </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Section 162(m) of the Internal Revenue Code (&#147;Section 162(m)&#148;) imposes a $1&nbsp;million limit on the deductibility of compensation
paid to each of the chief executive officer and the three other most highly compensated executive officers (other than the chief financial officer) of a public company, unless such compensation qualifies as &#147;performance-based.&#148; While we
generally intend to maximize the tax deductibility of compensation paid to executive officers covered under Section 162(m), the Compensation Committee may nevertheless authorize awards or payments that do not qualify as &#147;performance-based
compensation&#148; under Section 162(m) if doing so is in the best interests of the Company. Additionally, no assurance can be given that awards or payments intended to qualify as &#147;performance-based compensation&#148; will in fact be so
qualified. To qualify as &#147;performance-based&#148; compensation, the award or payment must be based on objective, <FONT STYLE="white-space:nowrap">pre-established</FONT> performance criteria approved by stockholders or otherwise qualify as
&#147;performance-based&#148; under Section 162(m). </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:Times New Roman" ALIGN="center">34 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Summary Compensation Table </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following table sets forth information regarding the compensation of our named executive officers for services rendered to us in all
capacities for 2016, and for those who were named executive officers during such periods, 2015 and 2014. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:97.00pt; font-size:8pt; font-family:Times New Roman"><B>Name and principal position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Salary($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bonus($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock<BR>awards($)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>awards($)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All other<BR>compensation($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin<BR>President and Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">437,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">222,833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,041,298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">999,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,701,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2015</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">400,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">500,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">613,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,202,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,716,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2014</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">350,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">513,280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,233,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,346,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anthony Conte<BR>Senior Vice President, Chief Financial Officer and Treasurer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">310,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">166,988</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">416,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">399,912</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,293,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2015</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">280,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">245,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">481,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,256,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2014</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">220,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">150,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">128,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">308,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">806,720</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes<BR>Senior Vice President and <FONT STYLE="white-space:nowrap">Co-Head</FONT> of
Global Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">292,326<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">176,138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">468,605</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">449,919</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">22,631<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,409,619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2015</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">184,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">245,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">481,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">416,206<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,326,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2014</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">193,304<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">128,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">308,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">327,614<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">957,638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Boris Shnayder<BR>Senior Vice President and <FONT STYLE="white-space:nowrap">Co-Head</FONT> of
Global Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">257,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">125,813</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">299,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">995,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Elaina Shekhter,<BR>Chief Marketing Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">257,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">139,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">299,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,009,006</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2015</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">200,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">214,830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">420,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,085,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">(1)</TD>
<TD ALIGN="left" VALIGN="top">The amounts in these columns represent the aggregate grant date fair value of the stock and option awards granted to our named executive officers in the years provided, computed in accordance with FASB ASC Topic 718. We
provide information regarding the assumptions used to calculate the value of these stock-based compensation awards in Note 14 to the audited consolidated financial statements included in our 2016 Annual Report on Form
<FONT STYLE="white-space:nowrap">10-K.</FONT> There can be no assurance that these awards will vest or will be exercised (in which case no value will be realized by the individual), or that the value upon vesting or exercise, as applicable, will
approximate the aggregate grant date fair value. </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">(2)</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Fejes provides services to the Company partially in his capacity as a consultant and partially in his capacity as an employee. For 2016, the amount in the column &#147;Salary&#148; represents salary paid to
Mr.&nbsp;Fejes directly in his capacity as an employee ($291,902 of which was paid in Swiss francs and $424 of which was paid in Hungarian forints). The amount in the &#147;All other compensation&#148; column represents a fixed consulting fee, paid
in euros directly to Mr.&nbsp;Fejes&#146; direct employer, Redlodge Holdings Limited. For 2016, the applicable exchange rates used were $1.02 per Swiss franc, $0.0036 per Hungarian forint and $1.11 per euro based on the average exchange rates from
www.oanda.com. </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">(3)</TD>
<TD ALIGN="left" VALIGN="top">For 2015, the amount in the column &#147;Salary&#148; represents salary paid to Mr.&nbsp;Fejes directly in his capacity as an employee ($183,605 of which was paid in Swiss francs and $395 of which was paid in Hungarian
forints). The amount in the &#147;All other compensation&#148; column represents a fixed consulting fee ($91,206, paid in euros) and a variable consulting fee ($325,000, paid in U.S. dollars), both paid directly to Mr.&nbsp;Fejes&#146; direct
employer, Redlodge Holdings Limited. For 2015, the applicable exchange rates used were $1.04 per Swiss franc, $0.0036 per Hungarian forint and $1.1101 per euro based on the average exchange rates from www.oanda.com. </TD></TR></TABLE>
<P STYLE="margin-top:0pt;margin-bottom:0pt;page-break-before:always"></P> <P STYLE="font-size:1pt;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">(4)</TD>
<TD ALIGN="left" VALIGN="top">For 2014, the amount in the column &#147;Salary&#148; represents salary paid to Mr.&nbsp;Fejes directly in his capacity as an employee ($192,787 of which was paid in Swiss francs and $517 of which was paid in Hungarian
forints). The amount in the &#147;All Other Compensation&#148; column represents a fixed consulting fee ($127,614, of which $90,802 was paid in euros and $36,812 was paid in U.S. dollars) and a variable consulting fee ($200,000), paid in U.S.
dollars, which were paid directly to Mr.&nbsp;Fejes&#146; direct employer, Redlodge Holdings Limited. For 2014, the applicable exchange rates used were $1.0929 per Swiss franc, $0.0043 per Hungarian forint and $1.3271 per euro based on the average
exchange rates from www.oanda.com. </TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">35 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Grants of Plan-Based Awards </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following table sets forth information regarding grants of plan-based awards to our named executive officers for the year ended
December&nbsp;31, 2016. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Grant date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Award<BR>Approval<BR>Date<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All&nbsp;other&nbsp;stock<BR>awards:<BR>Number&nbsp;of<BR>shares&nbsp;of&nbsp;stock<BR>or&nbsp;units(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All&nbsp;other&nbsp;option<BR>awards:<BR>Number&nbsp;of<BR>securities<BR>underlying<BR>options(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Exercise&nbsp;or&nbsp;base<BR>price&nbsp;of&nbsp;option<BR>awards($/Sh)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Grant&nbsp;date&nbsp;fair<BR>value&nbsp;of&nbsp;stock<BR>and option<BR>awards<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">999,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3/25/2016</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,766</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,041,298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anthony Conte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">399,912</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3/25/2016</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">416,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,462</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">449,919</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3/25/2016</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">468,605</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Boris Shnayder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">299,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3/25/2016</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">299,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3/25/2016</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/11/2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">312,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">(1)</TD>
<TD ALIGN="left" VALIGN="top">Our Board of Directors approved the grants of stock options and restricted stock units to Mr.&nbsp;Dobkin, Mr.&nbsp;Conte, Mr.&nbsp;Fejes and Ms.&nbsp;Shekhter on March&nbsp;11, 2016. The Compensation Committee of the
Board of Directors approved Mr.&nbsp;Shnayder&#146;s grant on March&nbsp;11, 2016, prior to his designation as an &#147;officer&#148; pursuant to Section&nbsp;16 of the Exchange Act. </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">(2)</TD>
<TD ALIGN="left" VALIGN="top">The amounts in this column represent the aggregate grant date fair value of the stock and option awards granted to our named executive officers in 2016, computed in accordance with FASB ASC Topic 718. We provide
information regarding the assumptions used to calculate the value of these stock based compensation awards in Note 14 to the audited consolidated financial statements included in our 2016 Annual Report on Form
<FONT STYLE="white-space:nowrap">10-K.</FONT> There can be no assurance that these awards will vest or will be exercised (in which case no value will be realized by the individual), or that the value upon vesting or exercise, as applicable, will
approximate the aggregate grant date fair value. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Narrative Disclosure Relating to Summary Compensation Table and Grants of Plan Based
Awards Table </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We do not typically enter into formal employment or consultancy, change of control or other similar agreements with named
executive officers. We believe in mutual trust, loyalty and commitment between EPAM and our named executive officers, and that employment agreements are not necessary to achieve our goals and meet our named executive officers&#146; needs. We believe
that this assertion is supported by the long tenure of several of our named executive officers and our success in adding new executives to our leadership. We did, however, provide Mr.&nbsp;Shnayder with an employment offer letter, and Mr.&nbsp;Fejes
has an employment agreement with our Swiss subsidiary as required by Swiss law. In addition, as described under &#147;<I>Other</I> <I>Employment</I> <I>Arrangements</I>&#148; above, we have entered into a transition agreement with our CFO, Anthony
Conte, in order to facilitate a smooth transition upon his resignation, which we expect to occur in the third quarter of 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A portion
of Mr.&nbsp;Fejes&#146; compensation is in the form of consulting fees paid to his direct employer, Redlodge Holdings Limited. However, equity awards are and have been granted directly to Mr.&nbsp;Fejes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Prior to joining EPAM in July 2015, Mr.&nbsp;Shnayder accepted an offer of employment from EPAM on terms set forth in his June&nbsp;20, 2015
employment offer letter. The employment offer letter describes the basic terms of Mr.&nbsp;Shnayder&#146;s employment with EPAM, including his initial compensation levels and equity awards granted at the time of hire. The terms and conditions set
forth in Mr.&nbsp;Shnayder&#146;s offer letter are in line with those offered to EPAM personnel generally, except that Mr.&nbsp;Shnayder and EPAM agreed to a retention incentive such that if he remains employed with EPAM on the fourth anniversary of
the start of his employment, all of Mr.&nbsp;Shnayder&#146;s unvested annual equity awards granted prior to such date shall accelerate and vest. </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:Times New Roman" ALIGN="center">36 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Outstanding Equity Awards at Fiscal <FONT STYLE="white-space:nowrap">Year-End</FONT> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following table sets forth information regarding the holdings of stock options and stock awards that remained outstanding as of
December&nbsp;31, 2016 for each of our named executive officers. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>securities<BR>underlying<BR>unexercised<BR>options(#)<BR>exercisable</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>securities<BR>underlying<BR>unexercised<BR>options(#)<BR>unexercisable</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>exercise<BR>price($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option&nbsp;expiration<BR>date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>shares&nbsp;or&nbsp;units<BR>of&nbsp;stock&nbsp;that<BR>have not<BR>vested(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Market&nbsp;value&nbsp;of<BR>shares&nbsp;or&nbsp;units&nbsp;of<BR>stock that have<BR>not
vested($)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">12,500<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,500<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">61.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/23/2025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">41,026<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">30,266<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,946,406</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Anthony Conte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/19/2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,250<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,250<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5/24/2023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">61.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/23/2025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,410<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,906<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">701,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8/13/2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">11,200</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/19/2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">12,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5/29/2023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">10,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">5,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">61.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/23/2025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">18,462<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">11,645<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">748,890</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Boris Shnayder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">74.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7/31/2025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,308<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(4)(8)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,680<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(5)(8)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,008,381</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/19/2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">4,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5/24/2023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">5,022<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">4,375<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,125<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">61.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/23/2025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">12,308<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/25/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">9,055<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">582,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">(1)</TD>
<TD ALIGN="left" VALIGN="top">The closing market price of our Common Stock on the New York Stock Exchange on December&nbsp;31, 2016 was $64.31. </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">(2)</TD>
<TD ALIGN="left" VALIGN="top">The option became exercisable as to 25% of the total grant on each of March&nbsp;31, 2015 and 2016, and will become exercisable as to 25% of the total grant on each of March&nbsp;31, 2017 and 2018. </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">(3)</TD>
<TD ALIGN="left" VALIGN="top">The option became exercisable as to 25% of the total grant on March&nbsp;23, 2016, and will become exercisable as to 25% of the total grant on each of March&nbsp;23, 2017, 2018 and 2019. </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">(4)</TD>
<TD ALIGN="left" VALIGN="top">The option will become exercisable as to 25% of the total grant on each of March&nbsp;25, 2017, 2018, 2019 and 2020. </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">(5)</TD>
<TD ALIGN="left" VALIGN="top">Represents restricted stock units awarded in 2014 that are scheduled to vest as to 25% of the shares on each of March&nbsp;31, 2017 and 2018; restricted stock units awarded in 2015 that are scheduled to vest as to 25%
of the shares on each of March&nbsp;23, 2017, 2018 and 2019; and restricted stock units awarded in 2016 that are scheduled to vest as to 25% of the shares on each of March&nbsp;25, 2017, 2018, 2019 and 2020. </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">(6)</TD>
<TD ALIGN="left" VALIGN="top">The option became exercisable as to 25% of the total grant on each of March&nbsp;19, 2014, 2015 and 2016, and will become exercisable as to 25% of the total grant on March&nbsp;19, 2017. </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">(7)</TD>
<TD ALIGN="left" VALIGN="top">The option became exercisable as to 25% of the total grant on July&nbsp;31, 2016, and will become exercisable as to 25% of the total grant on each of July&nbsp;31, 2017, 2018 and 2019. </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">(8)</TD>
<TD ALIGN="left" VALIGN="top">Pursuant to Mr.&nbsp;Shnayder&#146;s employment offer letter with EPAM, if Mr.&nbsp;Shnayder remains employed with EPAM on the fourth anniversary of the start of his employment (i.e. July&nbsp;1, 2019), all of
Mr.&nbsp;Shnayder&#146;s unvested annual equity awards granted prior to such date shall then accelerate and vest. </TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">37 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Options Exercised and Stock Vested </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following table sets forth information regarding the exercise of stock options and shares acquired upon vesting of stock awards by our
named executive officers during the year ended December&nbsp;31, 2016. </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:Times New Roman; font-size:10pt" 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:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;shares<BR>acquired&nbsp;on&nbsp;exercise(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value&nbsp;realized&nbsp;on&nbsp;exercise($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;shares<BR>acquired&nbsp;on&nbsp;vesting(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value&nbsp;realized&nbsp;on&nbsp;vesting($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">475,530<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anthony Conte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">271,981<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">145,410<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balazs Fejes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">3,872,400<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">145,410<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Boris Shnayder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">263,400<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">136,568<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">(1)</TD>
<TD ALIGN="left" VALIGN="top">Represents the weighted average sale price of shares acquired on exercise of options during 2016. All options reflected were sold via cashless exercise. </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">(2)</TD>
<TD ALIGN="left" VALIGN="top">Calculated based on the closing market price of EPAM common stock on the vesting dates (March 23, 2016 and March&nbsp;31, 2016, and for Mr.&nbsp;Shnayder, July&nbsp;31, 2016). </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Potential Payments on Termination and Change of Control </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As discussed above under &#147;Narrative Disclosure Relating to Summary Compensation Table and Grants of Plan-Based Awards Table,&#148; we do
not generally enter into severance arrangements with our named executive officers, nor do we maintain any plans or arrangements that provide our named executive officers with cash severance or other cash payments in connection with a termination of
his or her employment with EPAM or a change of control of EPAM. In addition, EPAM does not provide excise tax <FONT STYLE="white-space:nowrap">gross-ups</FONT> to any of our named executive officers, and the 2015 Plan expressly prohibits us from
providing such <FONT STYLE="white-space:nowrap">gross-ups.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Equity awards granted to our named executive officers under our 2012
Long Term Incentive Plan (the &#147;2012 Plan), under which awards were made until June 2015, and under the 2015 Plan, under which 2016 awards were made, may forfeit or accelerate in certain circumstances relating to termination of employment or
change of control as follows: </P> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Upon a termination of service for cause, any unvested restricted stock units and any unexercised portion of the option (both vested and unvested) forfeit as of the termination date. </TD></TR></TABLE>
<P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Upon a termination of service due to death or disability, any unvested restricted stock units and any unvested portion of the option forfeit as of the termination date. Any vested portion of the option will remain
exercisable until the earlier of one year following the termination date and the expiration date of the option, unless the Compensation Committee determines that the option should be exercisable to some greater extent or remain exercisable for some
longer period (but not after the tenth anniversary of the grant date). </TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Upon a termination of service by EPAM (or an affiliate) without cause, or by the executive for good reason, in each case within two years after a change of control for option awards under the 2012 Plan or within one
year after a change of control for awards under the 2015 Plan, the unvested portion of the option will vest in full, and the option will remain exercisable until the earlier of 90 days after the termination date and the expiration date of the
option. </TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</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:Times New Roman; font-size:10pt">Restricted stock units awarded prior to 2015 were not subject to any accelerated vesting provisions in connection
with a change of control. However, for restricted stock units awarded in 2015, the award agreements provide for &#147;double-trigger&#148; accelerated vesting upon a change of control, such that outstanding unvested awards will only accelerate upon
a termination of employment by EPAM (or an affiliate) without </P></TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">38 </P>


<p Style='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>


<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 VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
cause, or by the executive for good reason, in each case within two years after a change of control. The 2015 Plan specifically provides for &#147;double-trigger&#148; accelerated vesting upon a
change of control, such that outstanding unvested awards will accelerate upon a terminate of employment by EPAM (or an affiliate) without cause, or by the holder for good reason, in each case within one year after the change of control.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;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="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Upon termination of service for any other reason, any unvested restricted stock units and any unvested portion of the option forfeit as of the termination date. Any vested portion of the option will remain exercisable
until the earlier of 90 days following the termination date and the expiration date of the option, unless the Compensation Committee determines that the option should be exercisable to some greater extent or remain exercisable for some longer period
(but not after the tenth anniversary of the grant date). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following table sets forth the estimated value of the
acceleration of unvested equity awards held by each of our named executive officers assuming a termination of service by EPAM or an affiliate without cause or by the named executive officer for good reason, in each case within two years after a
change of control. For restricted stock units, the amounts shown below exclude awards made prior to 2015, as those awards do not contain any acceleration of vesting relating to a change of control. The amounts shown in the table below assume that
such termination occurred on December&nbsp;31, 2016 and within two years following a change of control for option awards made under the 2012 Plan, and within one year following a change of control for awards made under the 2015 Plan. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value&nbsp;of&nbsp;Accelerated&nbsp;Unvested&nbsp;Stock<BR>Options&nbsp;Upon&nbsp;Qualifying&nbsp;Termination<BR>After&nbsp;Change&nbsp;of&nbsp;
Control<SUP STYLE="font-size:85%; vertical-align:top">(1)(2)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value&nbsp;of&nbsp;Accelerated&nbsp;Unvested<BR>Restricted&nbsp;Stock&nbsp;Units&nbsp;Upon&nbsp;Qualifying<BR>Termination&nbsp;After&nbsp;Change&nbsp;
of&nbsp;Control<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Arkadiy Dobkin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,399,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,431,926</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,831,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anthony Conte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">500,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">572,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,073,123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Balazs Fejes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">530,050</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">620,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,150,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Boris Shnayder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,008,381</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,008,381</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Elaina Shekhter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">525,836</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">453,707</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">979,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&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">(1)</TD>
<TD ALIGN="left" VALIGN="top">The value associated with the acceleration of outstanding stock options is based on the closing market price of a share of our Common Stock as of December&nbsp;31, 2016 ($64.31 per share) minus the applicable exercise
price. </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">(2)</TD>
<TD ALIGN="left" VALIGN="top">Options granted to Mr.&nbsp;Shnayder in July 2015 and to all named executive officers in March 2016 are not included in the value set forth in this column because the exercise price is higher than the closing market
price of a share of our Common Stock on December&nbsp;31, 2016. </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">(3)</TD>
<TD ALIGN="left" VALIGN="top">The value associated with the acceleration of eligible unvested restricted stock units is based on the closing market price of a share of our Common Stock as of December&nbsp;31, 2016 ($64.31 per share).
</TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANC<A NAME="toc368828_11"></A>E </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Section 16(a) of the Exchange Act requires our directors and executive officers and persons who own more than 10% of a registered class of our
equity securities to file with the SEC initial reports of ownership and reports of changes in ownership of Common Stock and other equity securities of EPAM. Directors, executive officers and greater than 10% stockholders are required by SEC
regulation to furnish us with copies of all Section 16(a) forms they file. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Based solely on our review of the reports filed during fiscal
year 2016 and on written representations from our directors and executive officers, we believe that, during fiscal year 2016, all directors, executive officers, and persons who own more than 10% of a registered class of our equity securities timely
complied with all Section 16(a) filing requirements applicable to them. </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:Times New Roman" ALIGN="center">39 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIR<A NAME="toc368828_12"></A>M </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Audit Committee, which is composed entirely of independent directors, has selected Deloitte&nbsp;&amp; Touche LLP, independent registered
public accounting firm, to audit our financial statements for the fiscal year ending December&nbsp;31, 2017. Representatives from Deloitte&nbsp;&amp; Touche LLP will be in attendance at the Annual Meeting to respond to any appropriate questions and
will have the opportunity to make a statement, if they so desire. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">None. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Fees to Independent
Registered Public Accounting Firm </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following table summarizes the fees incurred by the Deloitte Entities and billed to us for each
of the last two fiscal years for audit services, and billed to us in each of the last two fiscal years for audit related, tax and other services: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in thousands)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Audit Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Audit-Related Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Tax Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">All Other Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Total Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,971</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Audit</I> <I>Fees</I>. Audit Fees consist of fees billed by Deloitte Entities for professional services
rendered in connection with the audit and quarterly reviews of our audited consolidated financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Audit-Related</I>
<I>Fees</I>. Audit-Related Fees consist of fees billed for professional services rendered in connection with ISAE3400 audits, foreign statutory audits, and consents issued in the current year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>Tax</I> <I>Fees.</I> Tax Fees primarily consist of fees billed for professional services rendered in connection with transfer pricing
studies and consulting services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><I>All</I> <I>Other</I> <I>Fees</I>. All Other Fees consist of subscription fees. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Pre-Approval</FONT> of Services </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In accordance with its charter and our <FONT STYLE="white-space:nowrap">pre-approval</FONT> policies and procedures for <FONT
STYLE="white-space:nowrap">audit/non-audit</FONT> services, in general our Audit Committee is required to <FONT STYLE="white-space:nowrap">pre-approve</FONT> all audit and audit-related services and permitted
<FONT STYLE="white-space:nowrap">non-audit</FONT> services, including the terms of all engagements, involving estimated fees exceeding $100,000 to be performed by our independent registered public accounting firm. In addition, the Chair of the Audit
Committee, Mr.&nbsp;Ronald&nbsp;P. Vargo, is authorized to <FONT STYLE="white-space:nowrap">pre-approve</FONT> any other audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services on behalf of the Audit Committee, provided these decisions
are presented to the Audit Committee at its next regularly scheduled meeting. Before the start of each fiscal year, the Audit Committee also establishes specific categories of audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services that
are expected to be performed during that fiscal year by the Deloitte Entities and establishes maximum dollar limits for the aggregate fees of each of those categories of services. The Deloitte Entities may be engaged for such services pursuant to
our <FONT STYLE="white-space:nowrap">pre-approval</FONT> policies and procedures, provided that such services do not otherwise need to be approved by the Audit Committee under the <FONT STYLE="white-space:nowrap">pre-approval</FONT> policies and
procedures, and such services are reported to the Audit Committee at its next regularly scheduled meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As part of its review, the
Audit Committee considers whether any <FONT STYLE="white-space:nowrap">non-audit</FONT> services will, or may potentially, impact the independence of our independent registered public accounting firm. The Audit Committee <FONT
STYLE="white-space:nowrap">pre-approved</FONT> all audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services provided to EPAM by the Deloitte Entities in fiscal years 2016 and 2015. None of the services described in the table above were
exempt from the <FONT STYLE="white-space:nowrap">pre-approval</FONT> requirement set forth in the SEC rules and regulations. </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:Times New Roman" ALIGN="center">40 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROPOSAL 1: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ELECTION OF DIRECTOR<A NAME="toc368828_13"></A>S </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We are soliciting proxies in favor of the <FONT STYLE="white-space:nowrap">re-election</FONT> of the three director nominees identified below.
Unless otherwise instructed, the proxy holders will vote the proxies received by them <B>FOR</B> the director nominees named below to serve for a three-year term expiring at the annual meeting of stockholders to be held in 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If any nominee is unable or declines to serve as director at the time of the Annual Meeting, an event that we do not currently anticipate,
proxies will be voted for any nominee designated by the Board to fill the vacancy. As of the date of this Proxy Statement, the Board has no reason to believe that either person named below will be unable or unwilling to serve as a nominee or as a
director, if elected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Directors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Upon recommendation of the Nominating and Corporate Governance Committee, the Board has nominated each of Peter Kuerpick, Ronald P. Vargo and
Jill B. Smart for election as Class&nbsp;II directors at the Annual Meeting. These directors will hold office until the annual meeting of stockholders in 2020, or until their respective successors have been elected and qualified. The director
nominees have consented to being named in this Proxy Statement as nominees for election as director and have agreed to serve as directors if elected. We did not pay a fee to any third party to identify or evaluate any potential nominees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Please see the discussion under &#147;Board of Directors&#148; in this Proxy Statement for information concerning each of our nominees for
director. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Vote Required </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Directors
are elected by a plurality of the votes of the shares of our Common Stock present in person or represented by proxy at the Annual Meeting and entitled to vote. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recommendation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>The Board recommends a
vote FOR each of the director nominees as Class&nbsp;II directors. </B></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:Times New Roman" ALIGN="center">41 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROPOSAL 2: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RATIFICATION OF APPOINTMENT OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIR<A NAME="toc368828_14"></A>M </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Audit Committee has selected Deloitte&nbsp;&amp; Touche LLP, an independent registered public accounting firm, to audit our financial
statements for the fiscal year ending December&nbsp;31, 2017. In deciding to engage Deloitte&nbsp;&amp; Touche LLP, the Audit Committee noted that there were no auditor independence issues raised with Deloitte&nbsp;&amp; Touche LLP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors recommends that stockholders ratify the selection of Deloitte&nbsp;&amp; Touche LLP as our independent registered
public accounting firm. Ratification of the selection of Deloitte&nbsp;&amp; Touche LLP by stockholders is not required by law. However, as a matter of good corporate practice, such selection is being submitted to the stockholders for ratification
at the Annual Meeting. If the stockholders do not ratify the selection, the Board and the Audit Committee will reconsider whether or not to retain Deloitte&nbsp;&amp; Touche LLP, but may, in their discretion, retain Deloitte&nbsp;&amp; Touche LLP.
Even if the selection is ratified, the Audit Committee, in its discretion, may change the appointment at any time during the year if it determines that such change would be in the best interests of EPAM and its stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Audit Committee reviews audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services performed by Deloitte&nbsp;&amp; Touche LLP,
as well as the fees charged by Deloitte&nbsp;&amp; Touche LLP for such services. In its review of <FONT STYLE="white-space:nowrap">non-audit</FONT> service fees, the Audit Committee considers, among other things, the possible effect of the
performance of such services on the auditor&#146;s independence. Additional information concerning the Audit Committee and its activities with Deloitte&nbsp;&amp; Touche LLP can be found in the following sections of this Proxy Statement:
&#147;Corporate Governance &#150; Committees of the Board &#150; Audit Committee&#148; and &#147;Report of the Audit Committee.&#148; For additional information about Deloitte&nbsp;&amp; Touche LLP, see &#147;Independent Registered Public Accounting
Firm&#148; elsewhere in this Proxy Statement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Vote Required </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Ratification of the appointment of Deloitte&nbsp;&amp; Touche LLP as our independent registered public accounting firm requires the affirmative
vote of a majority of the shares present and entitled to vote at the Annual Meeting in person or by proxy. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recommendation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>The Board recommends a vote FOR the ratification of Deloitte&nbsp;&amp; Touche LLP as our independent registered public accounting firm for
the fiscal year ended December 31, 2017. </B></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:Times New Roman" ALIGN="center">42 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROPOSAL 3: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATIO<A NAME="toc368828_15"></A>N </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In accordance with Section 14A of the Exchange Act, we are providing our stockholders with the opportunity to vote to approve, on an advisory
and <FONT STYLE="white-space:nowrap">non-binding</FONT> basis, the compensation of our named executive officers as disclosed in this Proxy Statement in accordance with the SEC&#146;s rules. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As described in detail under the heading &#147;Executive Compensation &#151; Compensation Discussion and Analysis,&#148; our executive
compensation programs are designed and individually tailored to attract, motivate, and retain our named executive officers, each of whom is critical to our success. The components of our executive compensation programs encourage performance in
support of our organizational strategy, and reward our named executive officers based on Company performance and the objective and subjective evaluation of individual performance. EPAM&#146;s equity plans are intended to align compensation with the
long-term interests of our stockholders. Please read the &#147;Executive Compensation &#151; Compensation Discussion and Analysis&#148; for additional details about our executive compensation programs, including information about the fiscal year
2016 compensation of our named executive officers. The Board of Directors and the Compensation Committee believe that the policies procedures described and explained in &#147;Executive Compensation &#150; Compensation Discussion and Analysis&#148;
are effective in achieving our goals and that the compensation of our named executive officers reported in this Proxy Statement has supported and contributed to EPAM&#146;s recent and long-term success. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Accordingly, we are asking our stockholders to indicate their support for our named executive officer compensation as described in this Proxy
Statement by voting &#147;FOR&#148; the adoption of the following resolution: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;RESOLVED, that the compensation paid to the named
executive officers of EPAM Systems, Inc., as disclosed pursuant to Item 402 of Regulation <FONT STYLE="white-space:nowrap">S-K,</FONT> including the Compensation Discussion and Analysis, compensation tables and narrative discussion, is hereby
APPROVED.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This proposal, commonly known as a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;say-on-pay&#148;</FONT></FONT> proposal, gives our stockholders the opportunity to express their views on our named executive officers&#146; compensation. This vote is not
intended to address any specific item of compensation, but rather the overall compensation of our named executive officers and the philosophy, policies and practices described in this Proxy Statement. While this advisory vote on executive
compensation is <FONT STYLE="white-space:nowrap">non-binding,</FONT> the Board of Directors and the Compensation Committee will carefully assess the voting results and may consult directly with stockholders to better understand any issues or
concerns raised through the stockholder vote. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Vote Required </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The advisory vote to approve executive compensation requires the affirmative vote of a majority of the shares present and entitled to vote at
the Annual Meeting in person or by proxy. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recommendation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>The Board of Directors recommends that you vote FOR approval of our executive compensation. </B></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:Times New Roman" ALIGN="center">43 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>HOUSEHOLDIN<A NAME="toc368828_16"></A>G </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As permitted by applicable law, we intend to deliver only one copy of certain of our documents, including proxy statements, annual reports,
notices of Internet availability of proxy materials and information statements, to stockholders residing at the same address, unless such stockholders have notified us of their desire to receive multiple copies thereof. Any such request should be
directed to EPAM Systems, Inc., 41 University Drive, Suite 202, Newtown, Pennsylvania 18940, Attention: Ginger Mosier, General Counsel and Corporate Secretary, or by telephone at (267) <FONT STYLE="white-space:nowrap">759-9000</FONT> ext. 64588. We
undertake to deliver separate copies of these documents promptly upon such written or oral request. Stockholders who currently receive multiple copies of these documents at their address and would like to request householding of their communications
should contact their broker. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STOCKHOLDER PROPOSALS FOR THE 2018 ANNUAL MEETIN<A NAME="toc368828_17"></A>G </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If a stockholder wishes to present a proposal to be included in our proxy statement for our 2018 Annual Meeting of Stockholders (the
&#147;2018 Annual Meeting&#148;), the proponent and the proposal must comply with these instructions and the proxy proposal submission rules of the SEC. One very important requirement is that the proposal be received by our Corporate Secretary no
later than December&nbsp;28, 2017, based on an anticipated mailing date of this Proxy Statement date of April&nbsp;27, 2017, pursuant to SEC Rule <FONT STYLE="white-space:nowrap">14a-8.</FONT> Proposals we receive after that date will not be
included in the Proxy Statement for the 2018 Annual Meeting. We urge stockholders to submit proposals by certified mail, return receipt requested. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A stockholder proposal not included in our Proxy Statement for the 2018 Annual Meeting will be ineligible for presentation at the 2018 Annual
Meeting unless the stockholder gives timely notice of the proposal in writing to our Corporate Secretary at our principal executive offices at EPAM Systems, Inc., 41 University Drive, Suite 202, Newtown, Pennsylvania 18940, Attention: Ginger Mosier,
General Counsel and Corporate Secretary. In order to be timely under our bylaws, in the case of an annual meeting of the stockholders, such notice must be received by the Secretary no later than the close of business on the 90<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> day nor earlier than the close of business on the 120<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day prior to the first anniversary date of the preceding year&#146;s annual meeting of
stockholders. Therefore, for a stockholder to give timely notice and be eligible for presentation at the 2018 Annual Meeting, notice must be received by the Corporate Secretary no earlier than February&nbsp;6, 2017 and no later than March&nbsp;8,
2017. If the next annual meeting is called for a date that is more than 30 days before or more than 70 days after that anniversary date, notice by the stockholder in order to be timely must be received no earlier than 120 days prior to such annual
meeting nor later than 70 days prior to such annual meeting or the 10<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day following the day on which public announcement is first made by us of the date of such meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Stockholder nominations for the election of directors at a special meeting of the stockholders must be received by our Corporate Secretary no
earlier than 120 days prior to such special meeting nor later than the later of 90 days prior to such special meeting or the 10<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day following the day on which public announcement is first made
of the date of such special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A stockholder&#146;s notice to our Corporate Secretary must be in proper written form and must
include the information and consents required by our bylaws related to the stockholder giving the notice, the beneficial owner (if any) on whose behalf the nomination or proposal is made and each person whom the stockholder proposes to nominate for
election as a director or the business desired to be brought before the meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">You may obtain a copy of the current rules for
submitting stockholder proposals from the SEC at U.S. Securities and Exchange Commission, Division of Corporation Finance, 100 F Street, NE, Washington, DC 20549 or through the SEC&#146;s website at www.sec.gov. A copy of the full text of the bylaw
provisions discussed above may be obtained by writing to our Corporate Secretary at EPAM Systems, Inc., 41 University Drive, Suite 202, Newtown, Pennsylvania 18940, Attention: Ginger Mosier, General Counsel and Corporate Secretary. </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:Times New Roman" ALIGN="center">44 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OTHER MATTER<A NAME="toc368828_18"></A>S </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We know of no other matters to be submitted at the Annual Meeting. If any other matters properly come before the Annual Meeting, it is the
intention of the proxy holders to vote the shares they represent in accordance with their best judgment, unless you direct them otherwise in your proxy instructions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Whether or not you intend to be present at the Annual Meeting, we urge you to submit your signed proxy promptly. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By Order of the Board of Directors of EPAM Systems, Inc.:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Ginger L. Mosier</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ginger L. Mosier</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Senior Vice President, General
Counsel and Corporate Secretary</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Newtown, Pennsylvania </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">April&nbsp;27, 2017 </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:Times New Roman" ALIGN="center">45 </P>


<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>APPENDIX A: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECONCILIATION OF <FONT STYLE="white-space:nowrap">NON-GAAP</FONT> FINANCIAL MEASURES TO COMPARABLE GAAP MEASURE<A NAME="toc368828_19"></A>S
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EPAM SYSTEMS, INC. AND SUBSIDIARIES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(in thousands, except percent and per share amounts) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Unaudited) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">EPAM
supplements results reported in accordance with United States generally accepted accounting principles, referred to as GAAP, with <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures. Management believes these measures help illustrate
underlying trends in EPAM&#146;s business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing EPAM&#146;s business and evaluating its performance. Management also believes these
measures help investors compare EPAM&#146;s operating performance with its results in prior periods. Because EPAM&#146;s reported <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures are not calculated according to GAAP, these
measures are not comparable to GAAP and may not be comparable to similarly described <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures reported by other companies within EPAM&#146;s industry. Consequently, EPAM&#146;s <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but, rather, should be considered together with the information in EPAM&#146;s condensed consolidated financial
statements, which are prepared according to GAAP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The table below presents a reconciliation of income from operations and net income as
reported on our consolidated statements of income and comprehensive income to <FONT STYLE="white-space:nowrap">non-GAAP</FONT> income from operations and <FONT STYLE="white-space:nowrap">non-GAAP</FONT> net income, and GAAP diluted earnings per
share to <FONT STYLE="white-space:nowrap">non-GAAP</FONT> earnings per share for the fiscal years ended December&nbsp;31, 2016 and 2015. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December 31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December 31, 2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GAAP</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-GAAP</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GAAP</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-GAAP</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Cost of revenues (exclusive of depreciation and amortization)<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">737,186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(16,619</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">720,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">566,913</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(13,695</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">553,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Selling, general and administrative
expenses<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">264,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(33,331</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">231,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">222,759</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(32,871</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">189,888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Income from operations<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">133,696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">58,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">191,816</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">105,967</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">52,723</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">158,690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Operating margin</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Net income<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">99,266</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">55,184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">154,450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">84,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">44,097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">128,553</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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">Diluted earnings per share<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Items
(1)&nbsp;through (4) above are detailed in the table below with the specific cross-reference noted next to the appropriate line item. </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:Times New Roman" ALIGN="center">46 </P>


<p Style='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>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended</B><br><B>December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock-based compensation expenses - <FONT STYLE="white-space:nowrap">non-acquisition</FONT>
related</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Total adjustments to GAAP cost of
revenues<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,619</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,695</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock-based compensation expenses - Acquisition related</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock-based compensation expenses - All other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,448</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other acquisition-related expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">733</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Total adjustments to GAAP selling, general and administrative expenses<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>33,331</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32,871</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of purchased intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,416</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">One-time</FONT> charges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Total adjustments to GAAP income from
operations<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>58,120</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52,723</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign exchange loss/(gain)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax effect on <FONT STYLE="white-space:nowrap">non-GAAP</FONT> adjustments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,014</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,254</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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"><B>Total adjustments to GAAP net
income<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55,184</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44,097</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;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">(5)</TD>
<TD ALIGN="left" VALIGN="top">There were no adjustments to GAAP average diluted common shares outstanding during the years ended December&nbsp;31, 2015 and 2014. </TD></TR></TABLE>
 <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:Times New Roman" ALIGN="center">47 </P>


<p Style='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>

 <P STYLE="font-size:60pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:60pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:60pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:60pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#11035; </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EPAM SYSTEMS, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROXY </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNUAL MEETING OF
STOCKHOLDERS JUNE&nbsp;6, 2017 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS OF EPAM SYSTEMS, INC. </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned stockholder of EPAM Systems, Inc., a Delaware corporation (&#147;EPAM&#148;), hereby appoints Ginger Mosier and Kate
Pytlewski, or either of them, with full power to act alone, the true and lawful <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> of the undersigned, with full power of substitution and revocation, to
act as proxies to vote all shares of common stock of EPAM that the undersigned is entitled to vote at the Annual Meeting of Stockholders of EPAM to be held at EPAM&#146;s corporate offices located at 41 University Drive, Newtown, Pennsylvania,
18940, on Tuesday, June&nbsp;6, 2017 at 10:00 a.m. EDT and at any adjournment or postponement thereof, with all powers the undersigned would possess if personally present, as stated on the reverse side hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Continued and to be signed on the reverse side.) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:24pt;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">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#11035;&nbsp;&nbsp;&nbsp;&nbsp;1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">14475&nbsp;&nbsp;&nbsp;&nbsp;&#11035;</TD></TR>
</TABLE>

<p Style='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>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNUAL MEETING OF STOCKHOLDERS OF </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EPAM Systems, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>June 6, 2017 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GO GREEN
</B></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">e-Consent makes it easy to go paperless. With e-Consent, you can quickly access your proxy</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">material, statements and other eligible documents online, while reducing costs, clutter and</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">paper waste. Enroll today via www.astfinancial.com to enjoy online access.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U><B>NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL</B></U>: </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The Notice of Meeting, proxy statement, proxy card and Annual Report on Form 10-K </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">are available at http://www.astproxyportal.com/ast/17464/ </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Please sign, date and mail </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">your
proxy card in the </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">envelope provided as soon </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">as possible. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><FONT
STYLE="font-family:Times New Roman; font-size:16pt"><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#105;</FONT></FONT><FONT STYLE="font-family:Times New Roman; font-size:8pt">&nbsp;&nbsp;Please detach along perforated line and mail in the envelope
provided.&nbsp;&nbsp;</FONT><FONT STYLE="font-family:Times New Roman; font-size:16pt"><FONT STYLE="FONT-FAMILY:'WINGDINGS 3'">&#105;</FONT></FONT><FONT STYLE="font-family:Times New Roman; font-size:8pt"> </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#11035;&nbsp;&nbsp;&nbsp;&nbsp;20330300000000000000&nbsp;&nbsp;&nbsp;&nbsp;3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;060617</TD></TR>
</TABLE> <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:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="13" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt; padding-right:2pt"> <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>THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR ALL NOMINEES&#148; IN THE ELECTION OF DIRECTORS,</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="13" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt; padding-right:2pt"><FONT STYLE="font-size:8pt"><B>&#147;FOR&#148; PROPOSALS 2 AND 3.</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="13" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt; padding-right:2pt"><FONT STYLE="font-size:8pt"><B>PLEASE SIGN, DATE AND RETURN
PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE&nbsp;&nbsp;</B>&#9746;<B></B><B></B></FONT></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">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></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"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="9" ROWSPAN="2"> <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; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">1.&nbsp;To elect three (3) Class II directors listed in the accompanying proxy statement to hold office for a three
year term or until their successors are elected and qualified.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&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">FOR</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">AGAINST</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">ABSTAIN</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"><FONT STYLE="font-family:Times New Roman; ">2.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"><FONT STYLE="font-family:Times New Roman; ">To ratify the appointment of Deloitte &amp; Touche LLP as the Company&#146;s Independent Registered Public Accounting Firm for the fiscal year ending December&nbsp;31,
2017.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></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; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman"><B>NOMINEES:</B></P></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>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ROWSPAN="4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">&#9744;</P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<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:Times New Roman">&#9744;</P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&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:8pt; font-family:Times New Roman">&#9744;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>FOR&nbsp;ALL&nbsp;NOMINEES</B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>WITHHOLD&nbsp;AUTHORITY<BR>FOR&nbsp;ALL&nbsp;NOMINEES</B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>FOR ALL EXCEPT</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">(See&nbsp;instructions&nbsp;below)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="4"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.50em; font-size:8pt; font-family:Times New Roman"><FONT STYLE="font-size:15pt"><FONT STYLE="font-family:ARIAL; font-size:9pt"><FONT
STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;Ronald P. Vargo</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.50em; font-size:8pt; font-family:Times New Roman"><FONT
STYLE="font-size:15pt"><FONT STYLE="font-family:ARIAL; font-size:9pt"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;Jill B. Smart</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; text-indent:-1.50em; font-size:8pt; font-family:Times New Roman"><FONT STYLE="font-size:15pt"><FONT STYLE="font-family:ARIAL; font-size:9pt"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT>
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;Dr. Peter Kuerpick</P></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>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</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>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">FOR</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">AGAINST</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">ABSTAIN</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="2" VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="2" VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman; ">3.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman; ">To approve, on an advisory and non-binding basis, the compensation for our named executive officers as disclosed in this Proxy Statement.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="7"> <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 upon
such other business as may properly come before the Annual Meeting.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="9" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-4.00em; font-size:8pt; font-family:Times New Roman"><B><U>INSTRUCTIONS:</U></B>&nbsp;&nbsp;To&nbsp;withhold authority to vote for any individual<BR>nominee(s),&nbsp;mark
<B>&#147;FOR ALL EXCEPT&#148; </B>and fill in the circle next to each nominee you wish to withhold, as shown here:&nbsp;<FONT STYLE="FONT-SIZE:70%">&#127761;</FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:24pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="9"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE DIRECTIONS OF
THE UNDERSIGNED. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED:</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&#147;FOR ALL NOMINEES&#148; FOR DIRECTOR DESCRIBED IN PROPOSAL 1</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&#147;FOR&#148; PROPOSAL 2</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&#147;FOR&#148; PROPOSAL
3</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="5" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="9"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">IF ANY OTHER BUSINESS IS PRESENTED AT THE ANNUAL MEETING, THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE BEST JUDGMENT OF THE
NAMED ATTORNEYS-IN-FACT.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="5" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="7" VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="5" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="7" VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="5" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="9" ROWSPAN="2" VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">To change the address on your account, please check the box at right and indicate your new address in the address space above. Please note that changes
to the registered name(s) on the account may not be submitted via this method.</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #000000">&#9744;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;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:8pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">Signature&nbsp;of&nbsp;Stockholder&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Date:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Signature&nbsp;of&nbsp;Stockholder&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Date:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><FONT SIZE="1">&nbsp;</FONT></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">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt">&#11035;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>Note:</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B></B>Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If
the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-size:10pt">&#11035;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g368828g11o89.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g368828g11o89.jpg
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M(" @(" @(" @(" @(" @(" @(" @( H\/WAP86-K970@96YD/2)W(C\^_]L
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M,2)!%R,R-5$D,V%Q='6!L[08)4)3D:$T0U)SLF)R@Y*3_\0 '0$!   ' 0$
M              $" P0%!@<("?_$ $T1  (" @$# @,#!@H(! 4$ P$" P0
M!1$&$B$3,10B00=1814C,G&!H18S-$)28G.1L? ()'*"LK/!T4-THN$E@Y*C
M\1=38Y,F1,+_V@ , P$  A$#$0 _ ._C&,8QC&,8QC&,8QC&,8QC&,8QC&,8
MQC&,8QC&,8QC&,P2D;=W3N?:NO<^Y3U$'BU/XENMPQLTW1X*\3MQM]@C7Y-U
M#S%B5]'&0</].L52!$MEE*2ES;KR"]HCZG"JH)'<6\\<D<#_ +_NR3DDD \<
M?O.0MV7N'D)R^9X#3>J]GJ'%#+/"=#<Z!>JQ1@.APQ;M>=$W5I%,'*PGUH1L
MLAUD*0#BG41XY9CAB/0=* Q8A5/<5!/Z/ )XXYYY\_AQX]L$D<<GCWY/'/M[
M?Y__ !E5UY$WW5*J<#R_R!A.[7CL/7@^95N_RO+ Z)$<X;%B I2R%O5T=D=-
MB+"#E(LT71;#@V]F+3O1.QMANNT>>1QVKW<!@>?/@<^>/K^/X9#D\>&Y)/'M
MQ_GZ9*8MN[IPCM'(Z)U+J(/:J/VLF=KP,T_1X*CV.GVV' :D!=('K:M 2<++
MJ?0/M)6EE"^YQ:7&D!H3)2\*RL0."O!XY)'!('U\^,CY! )Y!_Z?Y&9W9)D^
M,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&
M,8QC&8 Q5I\@_(KH?96>:=<C^)T#C]ZD>8Q:!J!7KS,6ZV5YM'Y](S;UC5[
M8IDIQI(0\7\2B0R$)=UH@99!%0A5"\CN+*#[\ <_=P/N^\GS],DY))X/''CV
M!R(YKMGDC8^"=.ZA'=5B^?W+QVG;=S?H=7A^>5FQ0MYM53E@6MV("6L7U)<
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M]E-NJ>]<6NU*<ACW6JM7Z3(.WN0B3+!2;='CB!#2 4/9QAFPI*+*?+;B&&I
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M>5/'/OS_ )_S^W+!-\6N[0DQPVYU/L$#;^@\KB>@L3=CZX-9ID><D.@>QHI
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MKI+)FBSTN.$% ')T&LI:U/J*9T&R!'N4@!@?E]B#YX/)X\\Y#@@DJ1Y]P?\
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M#V_'C_IE<LGF*&)XU4+NU8HYTS8^G2\36*9S=\]2#Y*TES)\3(Q;1XH+[Q+
M:8:9)#-9C4_F"&0-+8"V=K3, GS%2>..>3^ QW> >/?QQE?E?+6M!>/W.^U1
M->-LTQU,BO5JE4&*-92?+]$G7" 7:EJ3>9VT.W%RT?*AFR;@BM:2!M38KCY
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MQC&,8QC&,8QC/D\\R.TM\AUIAEM.U.//.(::;3K]U+<7M*$IU_/:MZUD0"2
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M;39'C7 V*P)B>DL7UQ/=HNND#VBT&0U.WR+F$WMFQ1\O'\[FK2=-S@CRG0=
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MODDD/*6Z^^^ZM3CSSJU...*4M:E*WO>^L*JHJHBJJJ JJH"JJ@< *!P  /
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M]"2.2GZ5<1&62/E+GRH9 J@JH)Y<]A!(.9527FU38"V6JK6.CVR,=K]:Z):
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M=2](WS1$^%ALN?THR?$<S'NC/RR$QD-%THR;P+$9($2120HUD MX\U1:P4"
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M2GQ5H-&<EI$%2#&1;63IRA'+)&VRLGT-G#JY2M%#W3V03"T?-L?FT /K,_#
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MC&,9Z0PBY EH,$=XHIY7M:880IQQ>_Y^B4ZWZ:UKUVI6_1*4ZVI6])UO>0)
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MT>:ATNK6\J"EHMU_?S+<2GP3UITS/TEU#>T\O<\",)Z$[#^44)R6KR<\ %U
M:";@ "Q#*%^4 GTEH-O'N]77O)PLC QV(Q_X5F/@2K^"D\21\^?3="?/.92Y
MJN9G&,8QC&,8QC&,8QC&,8QC&,9XU%@N$+C5%#*,4QMQ8.B&OJ_IU_P;=V/I
M?SZ:WZ^W3GMTGU_97KDW:P ?M;MYX#<'MY'TY]N?PR'*\]O(YXY[>1SQ]_'O
MQ^.1,)X_\F"J7/:,-5UMU?EDMN<HL;^>V)>X644)- [)4:Y+*/D_4:PR[?PR
MQ1P_J5I?Q>]@935^VVOM/;LM/S->01VG]*'\Z@:-^.WT^Q/FAC/,:J?EXYX)
MYM!0J+%7@$7$=5_4@7OD^1N''//=W-XD<<.6'G\!Q\H_QXY#%A0\<#55LAP/
M,YSC\4U^?6-WZ;GMD=&>F8';CLNMQ]1;@@ZM2I"W9D?V>@T@RE2]*BVWV#M(
M[3\M+=BV,A]*$=UR$,(Y>!& .T,?S8XC/\Y#A=?41458N!'6>HGSR'BO(073
MRWGGM'S'EQ]&RAC^,'#VIJ"F0:T:*160Z5&MQX%QMX\)))YP -'45RV0 \^F
M(M<C5X\88:-/LP4F=\#3*"GB6T-Z34.[V?IRQ-,I68V6+-7KM(GQCE[0@E,1
MDKK.Y8NL#(O))4 DY(-;2[HW6-@8A"H"S3!&^'4+!ZJ"3LE:)0 K2*S<>Y.7
M5U/BO,^NNU<GH,;(EEU(N2=JYT5;K53Y"-+G1609'0Q]4G(,MU9P@Z!E-.O.
MZVS\K;:=)>>TNC1V5W7B=:CHJV%03K)7@L(ZQ$LG*6(I5':S$\@#SQS[#*EJ
ME6MF(V%8F$MZ3)++"RF0!6X:)T)[@ ."3XY'U.66QXE\("CHF/C*G*P[D+8Y
M:UASD1>K]'6Y<Y/QK<-/DG70:S(MDBW-0[3<7(BFS+XSP*$L):0E*?2X.^VC
M/([SQR"2&.!HI*M5ZXBB<R1*E9H373TI"70K&"&\^<HC545556)T*2-*)$GG
M6;O=>QRTPD$K!T 5E9RI 'C/(YX?<!5%QD$Q4YF/@XZ'_3KT+%WV_P ;%3M=
M3-GV)F!M805F99M42-+R9I H<^D] [+N@&O;'--"(F'4&U#O*;$;RM)ZPDDJ
MU'>*;TTB,L#- 3!(8T4,T7821W'YR6,/R10[%C$3K&J>F46>PJ/&':0)*HE
ME4.Q($G=P#VCY?&74)XX\?!NK]\%J[[,L3*R-@>BDV&R;IBK)+QBH:5LFJ$J
M6W3$STC%K4&9*)@]$OI4IY:ME*4_N@VXV#5A5:<&,1I"',,/Q(AC?U$A^+]/
MXGTD?YE3U>!X'Z([<JC7U!,9Q$0Q9I"GJ2>CZCKV/)Z'?Z/>R^&;LY/N?/G/
M%0_&GBW-[-%6>GUX\*?KD=,1,"LRY7&;8KT#87&738.'B9JP2$;&0>WAMN@Q
MPP38@+SA;H*&7"B5.36MULKD,D%B96BF>.24+7KQ&:6$$++))'$CO+P>'<L6
M?A0Y(4<2P:VE6E22&-A)&KI'S-,XCCD/+(B/(RJG(\*!VJ22H!8DS]F*R_S2
M#^+5V]S;]+X%"F;2RAIN^W=#*_\ ..K42#4XE_:-Z^S*$2<P4([[DKV]!%Z3
MI33:LZ;T#K!Q9VTJ^>35J\CV' :Q(/U\I&I'MQ*OUS2^J[IYAH(?' GGX/OY
M(B0_JX9R#]\9S2;G2\TO&,8QC&,8QC&,8QC&,9@/+?WK)_[P-_ZES/0]/^1U
M/_+0?\I<YY/_ !\W]K)_QG*?ESE+&,8QC&,9?U3Y[,VA39&T[CHG>_54@0C?
M]:G6_3>@F=[2HA7[Z^3U0PG>MZ4[[]>S=-Y OXG[ON_'_/ZO&:]N.HZ.I#1E
MA9N<?+6C8<J?H9W\B$?7@@R$$%4*GN&2]=JD-6!_AC!M:=6G6B#7O1PPG>O3
M?]8]Z:]$>NO5++>D,IW]](]V]JW:LQ8\G]6<LV>YO;:3OM2_FU),=>/E8(OQ
M5.3RW'@R.6<CQW=H %QY+F+S:5^%=W)VA]F.Y++&;16>M";1'-NN>C 5W@AB
M#(MY'OW[&?SF+3(Q#VF])<-/_(FE*5].VG.,?;3TV-GT_'O((P;FC?F4J/FD
MUMEUCG4\#EOAYC#87D\11?%,!\Y.=S^PKJAM5U'+H+$G%+?Q\0AC\D>SJH\D
M##GPOQ, FKMQYEE^%4\]JC.C;/)V>Q<QR[+UJZUJZ\XY)RN!K4ST;I+%HF&9
M"ZG2050JM8IPP3TM+R[<*R[,29)I,B)&Q,;'[8^0E;KQ98S#.OEVSI_1ZZYK
MMOO-W:MU]3J&I0-%KXX9+]ZY?>18*]<V&6"%(TBDFGFE[N$"K'&[,>W3NH^H
M-E2V>FZ?T56E9W.Y2]86792SQ:^C2UR1M8L6!61[$SR/+'#7AB[>YRS22(B_
M-Y1.XV>BU 0KO=!E(*[$6.PP8$1RJ+GNGA6N+@!M2#ETA!:^#(3$)7WX_;C[
M@MK:CI0+8Z]/M;^9C2JC]-T]E?D3IC:0V=<E2K9EGW<]7324IK+F(:ZP]J6*
MO9M++PJO1::&3O':WRN13CZHO:O7QOU7J9ZNS>Y<JQ5]%!:WD5^"HGK'958Z
MD4UBM4:'ES'?6&>/L/<I[E!^@/EEQ>7DH..@)2SV5,W$5"<7)URB7*:B("-O
MCGQ5)^U'@PKS=<W+N?PI:DTLN _9<FD)O>E[EDZ'ZA@ALS6H:=,UI[]80V]G
MKZ\]J;6#NO+2BEL*;?H+YYA[A)[0F0^,FBZ^Z;L358:D]VZ+-?7V3/3U>QLU
MZD.U;MU[7IHJS+3-AN0%F[6BXYF$:^<M#G'EQ6+#;[)1KH'(5Z:'[WT#BM5D
M0:Q:GZA)G5<XEJOQLC<%@O5T6WSX 1ANH5,BAW3;2'=CC-$"[?O]MT+=JT*F
MRU\D5JN_3&KZBNPR7*2WXHKL2&U-#0$BVWH59I8XC8,17DD=[E'[,?I^OZ5O
M8W-7LHY:EE.JMOTW0FBHWFU\TM&5Q4AFV)B:FFPM0Q22_#"8-PH/8BO'WVUY
M!>4-HY7V:*Y?%2W$:G&&\M3T%RS]GG[#  $G_JH^O?IZ-?@VROE-='&3(,,J
M$4M3(\@OW[^)MM5YTMT;2W73\^YG@ZCO31[HZL4NGJM6U*D7P45OXN5;)0+&
MK.8F;U .YXAQY8BRZMZXNZ+J.#1P6.F=?!+HQMC>ZDMVZD3R_'RT_A(6K*_=
M(403*I3DJDIY^4#+AJ?F/2G^8\SN5^A[!!VOH%3EKDY2J?6[1?Y",JL#)D1D
MC>"6:_"DFQ]*>0R/*B2LJ,+O81[+*=$$#%_':7N@-BNYW&OUEBI8I:N]!KQL
M=A<I:J*:]9A6:+6HUNPD<NQ4L\#P0.X]2)FY1'3F[H?:+K6TFDV.UKW*U_;:
M^?9'6ZZE>VTL%&K.\$VS=:E9Y8=:P5)XYYT3F.55'>Z/Q<MA\Q.#UM9&R+#.
M2H(5;J=SD)FM4RV62#C*=<TN*A+3*2\-$& QT,OV(02\8\R\P\^RQ].M[;C;
M=I5Z!ZFMA.VK5@EDMWM?%7N;&A3LS7]<5%FE#7LV(Y)K Y)18U9656;N"\$W
MMO[1>E:9?ON6IXHJ>OV,UFGK=A<JP:[9\_"WI[%:O)%#6/ #M(RLC.J=A;D"
M]2?(3EHK,X^Y-E;9KO3Z_P ?DW&HB2=0W>;/J&W# ,J;'5HD,G4_&;5*,>\!
MG3RMNOITTY[<<G2VY=JRBO'W6]-:WT(,\0)UM/XCXB5N6^21/A9N(6XE;M'"
MGN'.2?J[1(++&S(5J;RIT[,5KS,!M+WPWPT*D)\\;_%0\SKS$O<>6':>/SSO
MR#YSU.;=A:<Y:3$*:F7XNP&4JTQ=2L3->DDQ$TY7K2?%,0LG] >M#*VFS$/O
MH5]0(T0,A;R8[;I7;:6LMB^*49[JZS58]C2FOU&M0F>N+=**=K$/JQ L&,95
M3\KE7(4M/U=IM[9:MKC>D!6RT%N367X-?<6I,*]DT[TL"5I_2E(4J) S ]\:
MNG+";LUS-FQC&,8QC&,8QC&,8RS;USVC]-@5UCH%5A+? K(9,U&3H+)S#)H^
MEI8-%VXGY!#64.NMMEBN,D(:>>:2[IMUQ*KBK;M4I1/4GEKR@%>^)RI*GW5N
M/#*>!RK CD \<@91GKP68_2L1)-'SSVNH(!'L1]01R>".#Y]\L]KQ\XDQ6(2
MF#\PIX]8KEA:ML)$#1# XX%G93M")YM;/L(7*J:5\#QKSSKY ^D#D+=90AM-
MR=MLC/+9-VP9YH37ED,A)> ^?2(/CTP1R%  !^8<$DY1%"D(DA%:(11R"5$"
M@!9!_/!'GNX\$DDD>#R/&>R X9QVK669N-=YI38>S6%HYB8EPH(%HDQB45[Y
M5GT^+;+#4JO>URB!6F4R2][6;I]7WR279[&>&.O-=LR0Q%3'&TK$*4_BS[\D
MQ_\ A]Q/9_-XR:.E4BE>:.M"DL@8,ZH 2&/+#VX'>?+\ =Q\MSE'B?'K@E/C
MY-$1S"BP$<3)1-DE%LQ(@C&CJN7N7A3G7U^FAAX Q*CX]A+C0$<[\CS#+7JO
M>ZC[;:V'3ONVI7"/"G,C,2LZ^G(O _2:5>$<D%W' )/C)%H4(E;MK01J621N
M$ ',1[D)/T$9^91X5?) &>1X#QOF*%<9%XKE1_,K1:%6&\R6IRO/4B6MJ38T
MEZ1GCVS]P:Y9<@#%/E;)>2\^6P(LA*W?9O<P.XCM5T"WDNP0B*LGI3"S'7[7
M 2)"GJB,(T@7M' 4MQP.<@1KG@F)-5JTLOJ3MZD9A:;N4EI&#=G>65">3R6
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MD+9D\LL8QC&,8QC&,8QC&,8QF \M_>LG_O W_J7,]#T_Y'4_\M!_RESGD_\
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MR/GOP_BW >=1B>J0K>Z)7Z? #6\'ES<%TN);J4DZ:X13+M 76-.CM3PSF@S
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MN[GPJ@D^V6>POU=93GO7)!%7KH7=OJ?HJ(O([Y)&(2-!Y9R!F'EKLQEJE79
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M,? !.0O8^R--_(-6A/F5]T_F1R5):U_+W#AZWIQ?^*5D*:]-Z]%#K3G2M/\
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MOVH:L(YX:5PI<CSVQIY>5^//9&K.?H,A.Q=D_P X-61/\4_F1Z/^'N'"UO\
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M)L9J]V]$-<'0P=U2S9^*^(E$*0]Y,<=R2?G%S!D%$G6ZCTZ]QZ>3-=KDC*K
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MNZ_.C6M^KB-ZWN.%7ZZV_O\ ^DEW7JD9/[HUZO[]/:UIS>^B^ESM[ OW8_\
MX96?PC#Q<G7R(A]\,9X,Y]F\0CGN<IS[KGJO\C5CKJ,G_P 4M1^74^:5=N09
M?PGD'*P#P4',QX[8P^+F][WO>][WO>][WO>]^N][W]][WO?WWO>_WWG=0
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M>5O(!(2-6;M'([F([5'EB!FWWQ1_"+Z=?WHVU]UKEJKE;7MHAJE,."U"5/\
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M6KUV(,^-;/U<7"1H!7Q.;3MQKZ@09IWXU[2G:T>_VJVE/KK?IK')/N3C@#V
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M"L$6G;01,D;MLY98[$]RQWW*G*S1K)'V"*PH3@?1;ST/RAB>*>0?D)^0\G@
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%&,8S_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g368828ltrpg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g368828ltrpg01.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@ ,0"( P$1  (1 0,1 ?_$ *(   ,! 0$! 0
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MVRYGS"G+UI<W%4)D>=/<$7PNQE1=C(+##JV@CO>5<UHOJA=$0'SCM-@2W+L
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MQ#6Y-[\$. 59XO0C>Z71./LN;YED 2,L4I'4;2FKE,!6K]7.<NQE^DW0[?@
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G?\0T/]P8:_9H'61O10J8=8U*-$1HB-$1HB-$1HB-$1HB-$1HB__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g368828notpg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g368828notpg01.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@ ,0"( P$1  (1 0,1 ?_$ *(   ,! 0$! 0
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MR6[XAO-KQFUY:&>YLER][-;:GVWL>6Z9!]NJE6.R.5:BBU9M/</"]T[/W3J
MS^QS?;(H9A#)1O\ I@FA9+[ML:_D]K5IF9ZV8.H6&H[CKBZVFES<[>>]7XLP
M*U0J9V%FS?.,!/$01CE<,*>S<D$$;):B)FW#<!ZF;(1!1T8 ,;I1#<VX^K.J
M+[G5T-QW /@XO$_SOR=,X9Q1?^WY,& J[ =,/E=\M=BZ&VEW'..F&^[2NXJP
MP$ZH[-CAA<W8!^L,%0Z4BITQ@DKW[:W'?->6\WM>9V4I>53AVCV=?1LO/E46
MFLC34K&OH9=9@1;H!K6XM-X8 7* )"=,J*!>DIQ)MWNGF'&M@XP[K?8XX_\
M0YK&N9'0,MF,<'@.IG(\@5;GB7/-2*]/OA+TSV;V#VC'\E^=W-P-NCEGDCFN
M 73[E/+&^%SHP::+:(/(#P PEK8H6Z6N+?"_4ZB/_BC@8-QV'/ [AN.P[4F?
MVW#T"(;ZZA,S7L@MN]B(!#M@\>=P$-ULCB&X;;A^)-I#</M#<!U#_4BF@OH?
M_15XA_[U4@?1]H5T0'^WTZR?9]%'BOMW=1$.]JW$!$!"Z<6A 0'80$&]0$!
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M>NOFUZL=5:UKC5?HSV"?8[G9+2?C+K9_'G6\9MC;Z?8,.D>W[6CR>WIIITX
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MU.RR^2B*Y13%ED7*64)-%VE'2"]?<[245#P[MV+Q5=TDWZSHHHH$$G4)*N<
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L&B*9[G/^8:'^H,-?LT#K(W)0J8=8U*-$1HB-$1HB-$1HB-$1HB-$1HB__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
